Title: VillW Amended Final Budget 2019-2020.xlsx
Author: JWalker

AMENDED FINAL BUDGET

Village Walk Of Bonita Springs 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 (SERIES 2015) III	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2018)

VILLAGE WALK OF BONITA SPRINGS 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

O & M ASSESSMENTS | 100,052 | 100,379 | 100,379
DEBT ASSESSMENTS - SERIES 2015 | 397,658 | 397,681 | 397,681
DEBT ASSESSMENTS - SERIES 2018 | 600,785 | 600,805 | 600,805
OTHER REVENUES | 0 | 0 | 0
INTEREST INCOME | 360 | 333 | 333
TOTAL REVENUES | $	1,098,855 | $	1,099,198 | $	1,099,198
EXPENDITURES | | |
SUPERVISOR FEES | 4,000 | 1,800 | 1,800
PAYROLL TAXES | 320 | 138 | 138
ENGINEERING/MAINTENANCE | 37,000 | 20,000 | 11,048
MANAGEMENT | 39,504 | 39,504 | 39,504
SECRETARIAL | 4,200 | 4,200 | 4,200
LEGAL | 11,250 | 6,200 | 4,189
ASSESSMENT ROLL | 10,000 | 10,000 | 10,000
AUDIT FEES | 3,600 | 3,600 | 3,600
ARBITRAGE REBATE FEE - SERIES 2015 | 650 | 650 | 650
ARBITRAGE REBATE FEE - SERIES 2018 | 650 | 650 | 650
INSURANCE | 6,850 | 5,513 | 5,513
LEGAL ADVERTISING | 1,600 | 4,000 | 2,950
MISCELLANEOUS | 1,000 | 1,000 | 785
POSTAGE | 625 | 135 | 126
OFFICE SUPPLIES | 800 | 400 | 387
DUES & SUBSCRIPTIONS | 175 | 175 | 175
WEBSITE MANAGEMENT | 2,000 | 2,000 | 2,000
TRUSTEE FEES - SERIES 2015 | 4,775 | 4,327 | 4,327
TRUSTEE FEES - SERIES 2018 | 3,900 | 3,709 | 3,709
CONTINUING DISCLOSURE FEE - SERIES 2015 | 1,000 | 1,000 | 1,000
CONTINUING DISCLOSURE FEE - SERIES 2018 | 1,000 | 0 | 0
TOTAL EXPENDITURES | $	134,899 | $	109,001 | $	96,751
EXCESS OR (SHORTFALL) | $	963,956 | $	990,197 | $	1,002,447
BOND PAYMENTS (SERIES 2015) | (377,775) | (381,179) | (381,179)
BOND PAYMENTS (SERIES 2018) | (570,746) | (575,875) | (575,875)
BALANCE | $	15,435 | $	33,143 | $	45,393
ADMINISTRATIVE COSTS | (10,984) | (4,055) | (4,055)
DISCOUNTS FOR EARLY PAYMENTS | (43,940) | (41,531) | (41,531)
EXCESS/ (SHORTFALL) | $	(39,489) | $	(12,443) | $	(193)
CARRYOVER FROM PRIOR YEAR | 39,489 | 39,489 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	27,046 | $	(193)

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

$184,156
($12,443)
$171,713

Notes
Carryover From Prior Year Of $39,489 was used to reduce Fiscal Year 2019/2020 Assessments.
$39,964 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

11/7/2020  12:21 PM	^I

VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2015)
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 | 2,249 | 2,249
NAV Assessment Collection | 377,775 | 381,179 | 381,179
Total Revenues | $	377,875 | $	383,428 | $	383,428
EXPENDITURES | | |
Principal Payments | 215,000 | 215,000 | 215,000
Interest Payments | 157,731 | 160,331 | 160,331
Bond Redemption | 5,144 | 15,000 | 15,000
Total Expenditures | $	377,875 | $	390,331 | $	390,331
Excess/ (Shortfall) | $	- | $	(6,903) | $	(6,903)

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

$287,669
($6,903)
$280,766

Notes
Reserve Fund Balance = $188,209*. Revenue Fund Balance = $87,497*. Prepayment Account Balance = $5,060*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $76,972.
* Approximate Amounts

Series 2015 Bond Refunding Information |
Original Par Amount = | $5,625,000 | Annual Principal Payments Due:
Interest Rate = | 2.00% - 3.625% | May 1st
Issue Date = | January 2015 | Annual Interest Payments Due:
Maturity Date = | May 2036 | May 1st & November 1st
Par Amount As Of 9/30/20 = | $4,550,000 |

11/7/2020 12:21 PM	^II

VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2018)
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

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 | 1,931 | 1,931
NAV Collection | 570,746 | 575,875 | 575,875
Total Revenues | $	570,846 | $	577,806 | $	577,806
EXPENDITURES | | |
Principal Payments | 325,000 | 325,000 | 325,000
Interest Payments | 245,066 | 250,348 | 250,348
Bond Redemption | 780 | 0 | 0
Total Expenditures | $	570,846 | $	575,348 | $	575,348
Excess/ (Shortfall) | $	- | $	2,458 | $	2,458

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

$234,583
$2,458
$237,041

Notes
Reserve Fund Balance = $50,000*. Revenue Fund Balance = $187,041*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $119,893.
* Approximate Amounts

Series 2018 Bond Refunding Information |
Original Par Amount = | $8,382,000 | Annual Principal Payments Due:
Interest Rate = | 3.25% - 5.15% | May 1st
Issue Date = | January 2018 | Annual Interest Payments Due:
Maturity Date = | May 2037 | May 1st & November 1st
Par Amount As Of 9/30/20 = | $7,378,000 |

11/7/2020 12:21 PM	^III