Crestview West Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 8/31/21	
Administrative Assessments	50,088	50,273	50,273	
Maintenance Assessments	2,234	2,234	2,234	
Debt Assessments	168,769	168,769	168,769	
Other Revenues	0	0	0	
Interest	48	110	106	
				
TOTAL REVENUES	$	221,139	$	221,386	$	221,382	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Engineering - Annual Report/Inspections	900	975	975	
Special Projects	600	300	0	
Miscellaneous Maintenance	600	300	0	
TOTAL MAINTENANCE EXPENDITURES	$	2,100	$	1,575	$	975	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	0	3,600	2,600	
Payroll Taxes	0	280	199	
Management	18,756	18,756	17,193	
Legal	7,000	7,000	5,450	
Assessment Roll	5,000	5,000	0	
Audit Fees	3,600	3,600	3,600	
Insurance	5,800	5,513	5,513	
Legal Advertisements	900	900	466	
Miscellaneous	600	500	282	
Postage	200	125	104	
Office Supplies	400	225	140	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,000	3,000	3,000	
Continuing Disclosure Fee	350	350	0	
Website Management	1,450	1,450	1,329	
Administrative Contingency	900	450	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	48,131	$	50,924	$	40,051	
				
TOTAL EXPENDITURES	$	50,231	$	52,499	$	41,026	
				
REVENUES LESS EXPENDITURES	$	170,908	$	168,887	$	180,356	
				
Bond Payments	(158,643)	(160,955)	(160,955)	
				
BALANCE	$	12,265	$	7,932	$	19,401	
				
County Appraiser & Tax Collector Fee	(4,421)	(2,132)	(2,132)	
Discounts For Early Payments	(8,844)	(8,107)	(8,107)	
				
EXCESS/ (SHORTFALL)	$	(1,000)	$	(2,307)	$	9,162	
				
Carryover From Prior Year	1,000	1,000	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(1,307)	$	9,162	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$23,247	
($2,307)	
$20,940	

.
Note
$1,000 Of Fund Balance Used To Reduce 2020/2021 Assessments.
$7,640 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

8/30/2021 12:04 PM	I

AMENDED FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 8/31/21	
Interest Income	200	14	13	
NAV Tax Collection	158,643	160,955	160,955	
Total Revenues	$	158,843	$	160,969	$	160,968	
				
EXPENDITURES				
Principal Payments	52,000	50,000	50,000	
Interest Payments	106,630	107,630	107,630	
Bond Redemption	213	0	0	
			.	
Total Expenditures	$	158,843	$	157,630	$	157,630	
				
Excess/ (Shortfall)	$	-	$	3,339	$	3,338	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$166,155	
$3,339	
$169,494	

Notes
Reserve Fund Balance = $39,659*. Revenue Fund Balance = $129,835*. Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $105,315 -
Principal Payment Of $52,000 & Interest Payment Of $53,315.
* 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 8/31/21:	November 2044

$2,188,000	May 1st & November 1st	

8/30/2021 12:04 PM	II