Journey's End Community Development District

Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	
FISCAL YEAR 2017/2018 BUDGET	
O&M Assessments	148,104	
Other Revenues	0	
County Appraiser & Tax Collector Fee	(2,962)	
Discounts For Early Payments	(5,924)	
Interest Income	300	
		
TOTAL REVENUES	$		139,518	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	306	
Infrastructure Maintenance	28,500	
Lake Maintenance	20,000	
Engineering	7,500	
Management	18,000	
Secretarial	3,000	
Legal	10,000	
Assessment Roll	5,000	
Audit Fees	3,700	
Insurance	6,356	
Legal Advertisements	1,150	
Miscellaneous	1,000	
Postage	275	
Office Supplies	575	
Dues & Subscriptions	175	
Trustee Fee	4,650	
Website Management	1,500	
Reserve	4,831	
Capital Projects	19,000	
		
TOTAL EXPENDITURES	$		139,518	
		
EXCESS/ (SHORTFALL)	$		-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$		-	

General Fund Balance As Of 9/30/16	$57,498.00	
Reserve Fund Balance As Of 9/30/16	$112,095.00	

DETAILED FINAL BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	

FISCAL YEAR 2015/2016
ACTUAL	

FISCAL YEAR 2016/2017
BUDGET	

FISCAL YEAR 2017/2018
BUDGET	

COMMENTS	
O&M Assessments	148,342	148,104	148,104	Expenditures Less Interest & Carryover/.94	
Other Revenues	0	0	0		
County Appraiser & Tax Collector Fee	(827)	(2,962)	(2,962)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(5,394)	(5,924)	(5,924)	Four Percent Of Total Assessment Roll	
Interest Income	332	240	300	Interest Projected At $25 Per Month	
					
TOTAL REVENUES	$	142,453	$	139,458	$	139,518		
					
EXPENDITURES					
Supervisor Fees	1,800	4,000	4,000	Supervisor Fees	
Payroll Taxes (Employer)	138	306	306	Supervisor Fees * 7.65%	
Infrastructure Maintenance	29,507	28,500	28,500	For Drainage System Maintenance	
Lake Maintenance	17,873	20,000	20,000	No Change From 2016/2017 Budget	
Engineering	8,857	7,500	7,500	No Change From 2016/2017 Budget	
Management	18,000	18,000	18,000	As Per Contract	
Secretarial	3,000	3,000	3,000	No Change From 2016/2017 Budget	
Legal	6,910	10,000	10,000	No Change From 2016/2017 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,600	3,700	3,700	Accepted Amount For 2016/2017 Audit	
Insurance	5,665	6,250	6,356	Insurance Company Estimate	
Legal Advertisements	1,152	1,150	1,150	No Change From 2016/2017 Budget	
Miscellaneous	348	1,000	1,000	No Change From 2016/2017 Budget	
Postage	59	300	275	$25 Decrease From 2016/2017 Budget	
Office Supplies	329	600	575	$25 Decrease From 2016/2017 Budget	
Dues & Subscriptions	175	175	175	No Change From 2016/2017 Budget	
Trustee Fee	4,636	4,600	4,650	$50 Increase From 2016/2017 Budget	
Website Management	1,500	1,500	1,500	No Change From 2016/2017 Budget	
Reserve	0	4,877	4,831	Reserve	
Capital Projects	0	19,000	19,000	Capital Projects	
					
TOTAL EXPENDITURES	$	108,549	$	139,458	$	139,518		
					
EXCESS/ (SHORTFALL)	$	33,904	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	33,904	$	-	$	-		

General Fund Balance As Of 9/30/16	$57,498.00	
Reserve Fund Balance As Of 9/30/16	$112,095.00	

DETAILED FINAL DEBT SERVICE FUND BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2015/2016 ACTUAL	FISCAL YEAR 2016/2017 BUDGET	FISCAL YEAR 2017/2018 BUDGET	

COMMENTS	

Interest Income	
7	
25	
25	
Projected Interest For 2017/2018	

NAV Tax Collection	
185,048	
181,946	
181,946	

Yearly Maximum Debt Assessment	

Total Revenues	
$	
185,055	
$	181,971	
$	181,971		

EXPENDITURES					

Principal Payments	
95,000	
100,000	
110,000	
Principal Payment Due In 2018	

Additional Principal Payments	
0	
4,533	
399	
Additional Principal Payments	

Interest Payments	
84,776	
77,438	
71,572	
Interest Payments Due In 2018	

Total Expenditures	
$	
179,776	
$	181,971	
$	181,971		

Excess/ (Shortfall)	
$	
5,279	
$	-	
$	-		

Debt Service Fund Balance As Of 9/30/16

$94,248.00

Series 2008 Refunding Bonds Information

Original Par Amount =	$2,300,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.82%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	August 2008			
Maturity Date =	May 2028			

Journey's End Community Development District Assessment Comparison

	Original		Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year	
	Projected		2014/2015		2015/2016		2016/2017		2017/2018	
	Assessment*		Assessment*		Assessment*		Assessment*		Projected Assessment*	

Administrative For Sixty Five Foot Lots	

$	

106.16		

$	

214.45		

$	

314.45		

$	

314.45		

$	

314.45	
Debt For Sixty Five Foot Lots	$ 	427.70		$ 	390.00		$ 	390.00		$ 	390.00		$ 	390.00	
Total	$	533.86		$	604.45		$	704.45		$	704.45		$	704.45	

Administrative For Seventy Five Foot Lots	
$	
106.16		
$	
214.45		
$	
314.45		
$	
314.45		
$	
314.45	
Debt For Seventy Five Foot Lots	$ 	493.50		$ 	450.00		$ 	450.00		$ 	450.00		$ 	450.00	
Total	$	599.66		$	664.45		$	764.45		$	764.45		$	764.45	

* Assessments Include the Following :  4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:  Sixty Five Foot Lots		
300	
Seventy Five Foot Homes 	 	171 	
Total Units		471	
Sixty Five Foot Lots Information  Total Units		

300	
Prepayments 	 	1 	
Billed For Debt		299	

6/4/2017 2:00 PM	IV