Journey's End Community Development District

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

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 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2018/2019 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	5,000	
Lake Maintenance	20,000	
Engineering	7,000	
Management	18,000	
Secretarial	3,000	
Legal	9,500	
Assessment Roll	5,000	
Audit Fees	3,700	
Insurance	6,356	
Legal Advertisements	1,150	
Miscellaneous	1,200	
Postage	275	
Office Supplies	550	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	1,500	
Reserve	12,706	
Capital Projects	35,000	
		
TOTAL EXPENDITURES	$		139,518	
		
EXCESS/ (SHORTFALL)	$		-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$		-	

General Fund Balance As Of 9/30/17	$100,522.86	
Reserve Fund Balance As Of 9/30/17	$135,970.00	

DETAILED FINAL BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2016/2017
ACTUAL	
FISCAL YEAR 2017/2018
BUDGET	
FISCAL YEAR 2018/2019
BUDGET	

COMMENTS	
O&M Assessments	147,562	148,104	148,104	Expenditures Less Interest & Carryover/.94	
Other Revenues	0	0	0		
County Appraiser & Tax Collector Fee	(2,400)	(2,962)	(2,962)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(5,336)	(5,924)	(5,924)	Four Percent Of Total Assessment Roll	
Interest Income	390	300	300	Interest Projected At $25 Per Month	
					
TOTAL REVENUES	$	140,216	$	139,518	$	139,518		
					
EXPENDITURES					
Supervisor Fees	3,000	4,000	4,000	Supervisor Fees	
Payroll Taxes (Employer)	230	306	306	Supervisor Fees * 7.65%	
Infrastructure Maintenance	0	28,500	5,000	For Drainage System Maintenance	
Lake Maintenance	17,873	20,000	20,000	No Change From 2017/2018 Budget	
Engineering	3,651	7,500	7,000	$500 Decrease From 2017/2018 Budget	
Management	18,000	18,000	18,000	As Per Contract	
Secretarial	3,000	3,000	3,000	No Change From 2017/2018 Budget	
Legal	6,706	10,000	9,500	$500 Decrease From 2017/2018 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,700	3,700	3,700	Accepted Amount For 2017/2018 Audit	
Insurance	5,778	6,356	6,356	Insurance Company Estimate	
Legal Advertisements	736	1,150	1,150	No Change From 2017/2018 Budget	
Miscellaneous	936	1,000	1,200	$200 Increase From 2017/2018 Budget	
Postage	80	275	275	No Change From 2017/2018 Budget	
Office Supplies	276	575	550	$25 Decrease From 2017/2018 Budget	
Dues & Subscriptions	175	175	175	No Change From 2017/2018 Budget	
Trustee Fee	4,636	4,650	5,100	Trustee (US Bank) Increasing Fees In 2018/2019	
Website Management	1,500	1,500	1,500	No Change From 2017/2018 Budget	
Reserve	0	4,831	12,706	Reserve	
Capital Projects	0	19,000	35,000	Capital Projects	
					
TOTAL EXPENDITURES	$	75,277	$	139,518	$	139,518		
					
EXCESS/ (SHORTFALL)	$	64,939	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	64,939	$	-	$	-		

General Fund Balance As Of 9/30/17	$100,522.86	
Reserve Fund Balance As Of 9/30/17	$135,970.00	

DETAILED FINAL DEBT SERVICE FUND BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2016/2017 ACTUAL	FISCAL YEAR 2017/2018 BUDGET	FISCAL YEAR 2018/2019 BUDGET	

COMMENTS	

Interest Income	
308	
25	
50	
Projected Interest For 2018/2019	

NAV Tax Collection	
183,853	
181,946	
181,946	

Yearly Maximum Debt Assessment	

Total Revenues	
$	
184,161	
$	181,971	
$	181,996		

EXPENDITURES					

Principal Payments	
100,000	
110,000	
115,000	
Principal Payment Due In 2019	

Additional Principal Payments	
15,000	
399	
1,412	
Additional Principal Payments	

Interest Payments	
79,538	
71,572	
65,584	
Interest Payments Due In 2019	

Total Expenditures	
$	
194,538	
$	181,971	
$	181,996		

Excess/ (Shortfall)	
$	
(10,377)	
$	-	
$	-		

Debt Service Fund Balance As Of 9/30/17

$83,871.13

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 =

Par Amount As Of 1/1/18 =	May 2028

$1,510,000			

Journey's End Community Development District Assessment Comparison

	Original		Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year	
	Projected		2015/2016		2016/2017		2017/2018		2018/2019	
	Assessment*		Assessment*		Assessment*		Assessment*		Projected Assessment*	

Administrative For Sixty Five Foot Lots	

$	

106.16		

$	

314.45		

$	

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		$	704.45		$	704.45		$	704.45		$	704.45	

Administrative For Seventy Five Foot Lots	
$	
106.16		
$	
314.45		
$	
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		$	764.45		$	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	

6/10/2018 10:12 AM	IV