Crestview West Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR  TO DATE ACTUAL
10/1/19 - 9/29/20	
Administrative Assessments	50,099	50,579	50,579	
Maintenance Assessments	2,234	2,234	2,234	
Debt Assessments	168,769	168,774	168,774	
Other Revenues	0	0	0	
Interest	48	110	110	
				
TOTAL REVENUES	$	221,150	$	221,697	$	221,697	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Engineering - Annual Report/Inspections	900	2,900	2,345	
Special Projects	600	300	0	
Miscellaneous Maintenance	600	300	0	
TOTAL MAINTENANCE EXPENDITURES	$	2,100	$	3,500	$	2,345	
				
ADMINISTRATIVE EXPENDITURES				
Management	18,336	18,336	18,336	
Legal	7,000	6,528	6,528	
Assessment Roll	4,750	4,750	4,750	
Audit Fees	3,800	3,500	3,500	
Insurance	5,750	5,251	5,251	
Legal Advertisements	700	700	415	
Miscellaneous	700	550	92	
Postage	200	140	135	
Office Supplies	400	215	193	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	2,500	
Continuing Disclosure Fee	480	350	350	
Website Management	1,450	1,450	1,450	
Administrative Contingency	900	600	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	47,141	$	45,045	$	43,675	
				
TOTAL EXPENDITURES	$	49,241	$	48,545	$	46,020	
				
REVENUES LESS EXPENDITURES	$	171,909	$	173,152	$	175,677	
				
Bond Payments	(158,643)	(161,356)	(161,356)	
				
BALANCE	$	13,266	$	11,796	$	14,321	
				
County Appraiser & Tax Collector Fee	(4,422)	(2,139)	(2,139)	
Discounts For Early Payments	(8,844)	(7,583)	(7,583)	
				
EXCESS/ (SHORTFALL)	$	-	$	2,074	$	4,599	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	2,074	$	4,599	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$18,649	
$2,074	
$20,723	

.
Note
$1,000 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

11/2/2020  2:23 PM	I

AMENDED FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	100	1,147	1,146	
NAV Tax Collection	158,643	161,356	161,356	
Total Revenues	$	158,743	$	162,503	$	162,502	
				
EXPENDITURES				
Principal Payments	50,000	48,000	48,000	
Interest Payments	108,630	109,590	109,590	
Bond Redemption	113	0	0	
			.	
Total Expenditures	$	158,743	$	157,590	$	157,590	
				
Excess/ (Shortfall)	$	-	$	4,913	$	4,912	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$161,241	
$4,913	
$166,154	

Notes
Reserve Fund Balance = $39,700*. Revenue Fund Balance = $126,454*. Revenue Fund Balance To Be Used To Make 11/1/2020 Principal & Interest Payment Of $104,315 -
Principal Payment Of $50,000 & Interest Payment Of $54,315.
* 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 9/30/20:	November 2044

$2,238,000	May 1st & November 1st	

11/2/2020 2:23 PM	II