Crestview West Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Administrative Assessments	50,140	50,638	50,638	
Maintenance Assessments	2,234	2,234	2,234	
Debt Assessments	168,769	168,769	168,769	
Other Revenues	0	0	0	
Interest	48	68	68	
				
TOTAL REVENUES	$	221,191	$	221,709	$	221,709	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Engineering - Annual Report/Inspections	900	900	0	
Special Projects	600	200	0	
Miscellaneous Maintenance	600	200	0	
TOTAL MAINTENANCE EXPENDITURES	$	2,100	$	1,300	$	-	
				
ADMINISTRATIVE EXPENDITURES				
Management	18,000	18,000	18,000	
Legal	7,000	6,900	6,900	
Assessment Roll	4,500	4,500	4,500	
Audit Fees	3,700	3,700	3,700	
Insurance	6,325	5,000	5,000	
Legal Advertisements	700	1,200	998	
Miscellaneous	700	500	311	
Postage	200	115	108	
Office Supplies	400	375	344	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	2,500	
Continuing Disclosure Fee	480	350	350	
Website Management	1,300	1,300	1,300	
Administrative Contingency	1,200	500	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	47,180	$	45,115	$	44,186	
				
TOTAL EXPENDITURES	$	49,280	$	46,415	$	44,186	
				
REVENUES LESS EXPENDITURES	$	171,911	$	175,294	$	177,523	
				
Bond Payments	(158,643)	(161,278)	(161,278)	
				
BALANCE	$	13,268	$	14,016	$	16,245	
				
County Appraiser & Tax Collector Fee	(4,422)	(2,138)	(2,138)	
Discounts For Early Payments	(8,846)	(7,682)	(7,682)	
				
EXCESS/ (SHORTFALL)	$	-	$	4,196	$	6,425	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	4,196	$	6,425	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$12,223	
$4,196	
$16,419	

.

11/2/2019  11:07 AM	I

AMENDED FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	50	3,216	3,216	
NAV Tax Collection	158,643	161,278	161,278	
Total Revenues	$	158,693	$	164,494	$	164,494	
				
EXPENDITURES				
Principal Payments	48,000	46,000	46,000	
Interest Payments	110,550	111,470	111,470	
Bond Redemption	143	0	0	
				
Total Expenditures	$	158,693	$	157,470	$	157,470	
				
Excess/ (Shortfall)	$	-	$	7,024	$	7,024	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$154,216	
$7,024	
$161,240	

Notes
Reserve Fund Balance = $40,108*. Revenue Fund Balance = $121,132*. Revenue Fund Balance To Be Used To Make 11/1/2019 Principal & Interest Payment Of $103,275 -
Principal Payment Of $48,000 & Interest Payment Of $55,275.
* Approximate Amounts

Series 2014 Bond Information
Original Par Amount =	$2,462,000	Annual Principal Payments Due:	
Interest Rate =	4.00% - 5.00%	November 1st	
Issue Date =	November 2014	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19:	November 2044

$2,286,000	May 1st & November 1st	

11/2/2019 11:07 AM	II