Journey's End Community Development District

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

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 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020 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	5,000	
Payroll Taxes (Employer)	383	
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	3,800	
Insurance	6,356	
Legal Advertisements	1,100	
Miscellaneous	1,200	
Postage	250	
Office Supplies	550	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	1,500	
Reserve	11,604	
Capital Projects	35,000	
		
TOTAL EXPENDITURES	$		139,518	
		
EXCESS/ (SHORTFALL)	$		-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$		-	

General Fund Balance As Of 9/30/18	$137,701.00	
Reserve Fund Balance As Of 9/30/18	$159,800.00	

DETAILED FINAL BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018
ACTUAL	
FISCAL YEAR 2018/2019
BUDGET	
FISCAL YEAR 2019/2020
BUDGET	

COMMENTS	
O&M Assessments	148,206	148,104	148,104	Expenditures Less Interest & Carryover/.94	
Other Revenues	0	0	0		
County Appraiser & Tax Collector Fee	(368)	(2,962)	(2,962)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(5,456)	(5,924)	(5,924)	Four Percent Of Total Assessment Roll	
Interest Income	497	300	300	Interest Projected At $25 Per Month	
					
TOTAL REVENUES	$	142,879	$	139,518	$	139,518		
					
EXPENDITURES					
Supervisor Fees	4,800	4,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	367	306	383	Supervisor Fees * 7.65%	
Infrastructure Maintenance	0	5,000	5,000	For Drainage System Maintenance	
Lake Maintenance	18,034	20,000	20,000	No Change From 2018/2019 Budget	
Engineering	6,570	7,000	7,000	No Change From 2018/2019 Budget	
Management	18,000	18,000	18,000	As Per Contract	
Secretarial	3,000	3,000	3,000	No Change From 2018/2019 Budget	
Legal	8,256	9,500	9,500	No Change From 2018/2019 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,700	3,700	3,800	$100 Increase From 2018/2019 Budget	
Insurance	5,778	6,356	6,356	Insurance Estimate	
Legal Advertisements	932	1,150	1,100	$50 Decrease From 2018/2019 Budget	
Miscellaneous	760	1,200	1,200	No Change From 2018/2019 Budget	
Postage	60	275	250	$25 Decrease From 2018/2019 Budget	
Office Supplies	303	550	550	$25 Decrease From 2018/2019 Budget	
Dues & Subscriptions	175	175	175	No Change From 2018/2019 Budget	
Trustee Fee	4,636	5,100	5,100	Trustee (US Bank) Increased Fees In 2018/2019	
Website Management	1,500	1,500	1,500	No Change From 2018/2019 Budget	
Reserve	0	12,706	11,604	Reserve	
Capital Projects	0	35,000	35,000	Capital Projects	
					
TOTAL EXPENDITURES	$	81,871	$	139,518	$	139,518		
					
EXCESS/ (SHORTFALL)	$	61,008	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	61,008	$	-	$	-		

General Fund Balance As Of 9/30/18	$137,701.00	
Reserve Fund Balance As Of 9/30/18	$159,800.00	

DETAILED FINAL DEBT SERVICE FUND BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
1,157	
50	
50	
Projected Interest For 2019/2020	

NAV Tax Collection	
184,688	
181,946	
181,523	

Yearly Maximum Debt Assessment	

Total Revenues	
$	
185,845	
$	181,996	
$	181,573		

EXPENDITURES					

Principal Payments	
110,000	
115,000	
120,000	
Principal Payment Due In 2020	

Additional Principal Payments	
10,000	
1,412	
1,560	
Additional Principal Payments	

Interest Payments	
74,039	
65,584	
60,013	
Interest Payments Due In 2020	

Total Expenditures	
$	
194,039	
$	181,996	
$	181,573		

Excess/ (Shortfall)	
$	
(8,194)	
$	-	
$	-		

Debt Service Fund Balance As Of 9/30/18

$75,676.48

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 1/1/19 =	May 2028

$1,400,000			

Journey's End Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2016/2017	2017/2018	2018/2019	2019/2020	
   Assessment* 	   Assessment* 	   Assessment* 	Projected Assessment*	

Administrative For Sixty Five Foot Lots	$	314.45	$	314.45	$	314.45	$	314.45	
Debt For Sixty Five Foot Lots	$ 	390.00	$ 	390.00	$ 	390.00	$ 	390.00	
Total	$	704.45	$	704.45	$	704.45	$	704.45	

Administrative For Seventy Five Foot Lots	
$	
314.45	
$	
314.45	
$	
314.45	
$	
314.45	
Debt For Seventy Five Foot Lots	$ 	450.00	$ 	450.00	$ 	450.00	$ 	450.00	
Total	$	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	
Seventy Five Foot Lots Information  Total Units		

171	
Prepayments 	 	1 	
Billed For Debt		170	

6/13/2019  11:44 AM	IV