Title: JE Final Budget 2020-2021.xlsx
Author: JWalker

Journey's End Community Development District

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

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 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES | FISCAL YEAR 2020/2021 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 | 2,500
Stormwater Maintenance | 2,500
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 | 6,000
Legal Advertisements | 1,100
Miscellaneous | 1,200
Postage | 225
Office Supplies | 525
Dues & Subscriptions | 175
Trustee Fee | 5,100
Website Management | 1,500
Reserve | 12,110
Capital Projects | 35,000
TOTAL EXPENDITURES | $	139,518
EXCESS/ (SHORTFALL) | $	-
Carryover From Prior Year | 0
NET EXCESS/ (SHORTFALL) | $	-

General Fund Balance As Of 9/30/19 | $149,539.12
Reserve Fund Balance As Of 9/30/19 | $206,404.00

DETAILED FINAL BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES

FISCAL YEAR 2018/2019
ACTUAL

FISCAL YEAR 2019/2020
BUDGET

FISCAL YEAR 2020/2021
BUDGET

COMMENTS

O&M Assessments | 147,914 | 148,104 | 148,104 | Expenditures Less Interest & Carryover/.94
Other Revenues | 0 | 0 | 0 |
County Appraiser & Tax Collector Fee | (238) | (2,962) | (2,962) | Two Percent Of Total Assessment Roll
Discounts For Early Payments | (5,482) | (5,924) | (5,924) | Four Percent Of Total Assessment Roll
Interest Income | 592 | 300 | 300 | Interest Projected At $25 Per Month
TOTAL REVENUES | $	142,786 | $	139,518 | $	139,518 |
EXPENDITURES | | | |
Supervisor Fees | 3,600 | 5,000 | 5,000 | Supervisor Fees
Payroll Taxes (Employer) | 275 | 383 | 383 | Supervisor Fees * 7.65%
Infrastructure Maintenance | 0 | 5,000 | 2,500 | Infrastructure Maintenance
Stormwater Maintenance | 0 | 0 | 2,500 | Stormwater Maintenance
Lake Maintenance | 17,873 | 20,000 | 20,000 | No Change From 2019/2020 Budget
Engineering | 11,009 | 7,000 | 7,000 | No Change From 2019/2020 Budget
Management | 18,000 | 18,000 | 18,000 | As Per Contract
Secretarial | 3,000 | 3,000 | 3,000 | No Change From 2019/2020 Budget
Legal | 7,930 | 9,500 | 9,500 | No Change From 2019/2020 Budget
Assessment Roll | 5,000 | 5,000 | 5,000 | As Per Contract
Audit Fees | 3,700 | 3,800 | 3,700 | Accepted Amount For 2019/2020 Audit
Insurance | 5,000 | 6,356 | 6,000 | Insurance Estimate
Legal Advertisements | 1,176 | 1,100 | 1,100 | No Change From 2019/2020 Budget
Miscellaneous | 535 | 1,200 | 1,200 | No Change From 2019/2020 Budget
Postage | 72 | 250 | 225 | $25 Decrease From 2019/2020 Budget
Office Supplies | 399 | 550 | 525 | $25 Decrease From 2019/2020 Budget
Dues & Subscriptions | 175 | 175 | 175 | No Change From 2019/2020 Budget
Trustee Fee | 5,100 | 5,100 | 5,100 | No Change From 2019/2020 Budget
Website Management | 1,500 | 1,500 | 1,500 | No Change From 2019/2020 Budget
Reserve | 0 | 11,604 | 12,110 | Reserve
Capital Projects | 0 | 35,000 | 35,000 | Capital Projects
TOTAL EXPENDITURES | $	84,344 | $	139,518 | $	139,518 |
EXCESS/ (SHORTFALL) | $	58,442 | $	- | $	- |
Carryover From Prior Year | 0 | 0 | 0 | Carryover From Prior Year
NET EXCESS/ (SHORTFALL) | $	58,442 | $	- | $	- |

General Fund Balance As Of 9/30/19 | $149,539.12
Reserve Fund Balance As Of 9/30/19 | $206,404.00

DETAILED FINAL DEBT SERVICE FUND BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES | FISCAL YEAR 2018/2019 ACTUAL | FISCAL YEAR 2019/2020 BUDGET | FISCAL YEAR 2020/2021 BUDGET | COMMENTS
Interest Income | 2,131 | 50 | 50 | Projected Interest For 2020/2021
NAV Tax Collection | 184,160 | 181,523 | 181,523 | Yearly Maximum Debt Assessment
Prepaid Bond Collection | 2,981 | 0 | 0 |
Total Revenues | $	189,272 | $	181,573 | $	181,573 |
EXPENDITURES | | | |
Principal Payments | 115,000 | 120,000 | 125,000 | Principal Payment Due In 2021
Additional Principal Payments | 0 | 1,560 | 3,208 | Additional Principal Payments
Interest Payments | 68,417 | 60,013 | 53,365 | Interest Payments Due In 2021
Total Expenditures | $	183,417 | $	181,573 | $	181,573 |
Excess/ (Shortfall) | $	5,855 | $	- | $	- |

$81,532.37

Debt Service Fund Balance As Of 9/30/19

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 1/1/20 =

May 2028

$1,275,000

Journey's End Community Development District Assessment Comparison

Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
2017/2018 | 2018/2019 | 2019/2020 | 2020/2021
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

8/10/2020 7:20 AM	^IV

8/10/2020 7:20 AM