JOURNEY’S END COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING APRIL 12, 2023
7:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.journeysendcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
JOURNEY’S END COMMUNITY DEVELOPMENT DISTRICT
Conference Room at Journey’s End Clubhouse 6400 Journey’s End Drive
Lake Worth, Florida 33467
REGULAR BOARD MEETING
April 12, 2023
7:00 p.m.

Call to Order
Proof of Publication.	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes.
January 11, 2023 Regular Board Meeting…	Page 2
Old Business
Update Regarding LWDD Canals and Fencing
Update Regarding Lake Easement Encroachments
Discussion Regarding Lake Exhibits April 3, 2023…	Page 5
New Business
Consider Adjustment to District Counsel Fee Structure…	Page 9
Consider Resolution No. 2023-01 – Adopting Fiscal Year 2023/2024 Proposed Budget…	Page 11
Administrative Matters
Financials…	Page 18
Board Members Comments
Adjourn

LOCA iQ
The Gainesville Sun I The Ledger Daily Commercial I Oc;,la storS-onner News Chief I Herald-Tribune
News He1alcl I The Pahn Beach Post Northwest Florida Daily N ws

PO Box 631244 Cincinnati, OH 45263-1244

PROOF OF PUBLICATION
laura Archer
laura Archer
Journey'. End Community Developmcm Disrrict
250 I Burns RD # A
Palm Beach Gardens FL 33410-5207

STATE OF FLORIDA1 COUNTY OF PALM BEACH

The Palm Beach Post, a daily newspaper printed and published in the city of West Palm Beach and of general circulation In Palm Beach, Martin, Okeechobee and St Lucie Counties, Florida; and personal knowledge of the facts herein state and that the notice hereto annexed was Published in said newspapers in the issues dated or by publication on the newspaper's website, if authorized, on:

10/25/2022

and that the fees charged are legal.
Sworn to and subscrlbed before on 10/25/2022

Notary, St.11e of WI.

y corrnni ·ion expires

Publication Cost:		$219.39	
Order No:		7944518	
Customer No;		860300	
PO#:
Tl If	)	I	
T	FY 22/23 Meetings
I	V ICE1	

# of Copies
1

Please t/1111(1111sf U,Js form Ji11· p11,1·1111•11/ rt!millunce.

JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 202212023 REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN !hat
lhe Boord of Supervisors of the Journev's End ComrnunltY Develop­ ment Dlstr·ct will l1old Regular Meetings 01 7:00 P.m. In lhe Confer­ ence Room 01 Journev's End Club­ house, 6 00 JourneY's End Drive, Loke Worlh, Florido 33467, on the following doles:
November 9, 2022
Jonuory 11, 2023
April t 2, 2023
June 14, 2023
July 12, 2023
September 13, 2023
The puri,ose of Jhe meetings is ro c011duc1 onY bUsini?ss comin before lhe Boord. Meetings ore open to the Public and will be conducted in occordonce with Ihe Provisions of Florido low, Copies of the Agendas for any of the meetings mov be obtained from the District"s Webslle or by contocling lhe Dislrlcl Manager at (561) 630- 922 and/or loll
free oT 1-877-737-4922.
One or more Supervisors moy portlclPole by telephone; lheretore, at lhe locoTlon of these meetings there will be o speaker telephone Present so lhol interesled p.,,-so,1s con 0tIencJ the meetings at 11,e ooove localion and be fullv Informed of lhe discussions laking place ellher in person or by lelephone communlcorion. Meetings mov be
conrinued os found necessorv ro a time and olcice specified 011 lhe record.
If Ol"IY person decides to oppeol cny declsron mode with respecl lo onv molter considered al lhese meet­ Jngs, such person will need o record of the proceedings and such person mav Med 10 ensure lhot o verbolim record of lhe proceedings Is mode al his or her own e•PeI1se and which record includes the leStimonv end evidence on which lhe appeal is based,
In occordonce with the provisions ot The Americans wflh Disobllilies Act, any person reciuirin; sr>eciol occom• modotlons or on lnlerpreler lo portidPote at ony of these meetings sl1ould contocl the District Manager 01 (S6Jl 630-4922 ond/or TQII iree al f. 677-737·4922 al leosl seven (7) r;loys prior to the dote of ll1e Portlculor meeting.
Meetings moY be cancelled from lime lo time wilhoul odverllsed notice,
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT
www.iourneysendcdd.org Oct. 25, 2022 #7944518

KATHLEEN AL Ei
Notarv Public.
State ot Wiscon_s_,r ,,1_ ...

Page 1 of 1

JOURNEY’S END COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JANUARY 11, 2023

CALL TO ORDER

District Manager Jason Pierman called the January 11, 2023, Regular Board Meeting of the Journey’s End Community Development District (the “District”) to order at 7:04 p.m. in the Conference Room at Journey’s End Clubhouse located at 6400 Journey’s End Drive, Lake Worth, Florida 33467.

PROOF OF PUBLICATION

Mr. Pierman presented proof of publication that notice of the Regular Board Meeting had been published in the Palm Beach Post on October 25, 2022, as part of the District’s Fiscal Year 2022/2023 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mr. Pierman determined that the attendance of Chairman Alex Da Costa, Vice Chairman Alfred Marten and Supervisors Jeff Bates, Nancy Samuels and Glenn Siegel constituted a quorum.

Staff in attendance were: District Manager Jason Pierman of Special District Services, Inc.; General Counsel Scott Cochran of Billing, Cochran, Lyles, Mauro & Ramsey; and District Engineer Karen Brandon of AECOM USA, Inc.

ADDITIONS OR DELETIONS TO AGENDA

Mr. Pierman noted that, because Mr. Siegel had been appointed at the end of the last meeting, it was necessary to elect officers.

A motion was made by Mr. Marten, seconded by Ms. Samuels and unanimously passed electing the following slate of officers:

Chair: Alex Da Costa
Vice Chair: Alfred Marten
Secretary/Treasurer: Jason Pierman
Assistant Secretary: Jeff Bates
Assistant Secretary: Nancy Samuels
Assistant Secretary: Glenn Siegel

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
1. November 29, 2022, Special Board Meeting

Page 1 of 3

Mr. Pierman presented the minutes of the November 29, 2022, Special Board Meeting and asked if there were any changes and/or additions.

There being no changes, a motion was made by Ms. Samuels, seconded by Mr. Bates and unanimously passed approving the minutes of the November 29, 2022, Special Board Meeting, as presented.

OLD BUSINESS
Update Regarding Lake Worth Drainage District (LWDD) Canals and Fencing

Ms. Brandon explained that the original application sent to LWDD included both the gate and the fencing. However, since the question about the location of Hotwire’s lines arose, she has not yet heard back from LWDD. Mr. DaCosta requested that Ms. Brandon ask LWDD if they object to the District having the gates painted, because they look very worn and are starting to rust. Ms. Brandon agreed and noted that she was still working on the Hotwire issue. It was suggested that Hotwire conduct a locate to see where their lines were – if they are on the District’s land, the District can make them move them.

Update Regarding Lake Easement Encroachments

Mr. Pierman noted that he sent letters to the four homes that were identified at the last meeting, and so far, only one has contacted him agreeing to remove their tree. Ms. Brandon distributed her memo concerning the remaining issues with her recommendations. Following discussion, the Board asked Ms. Brandon to determine which were drainage lines versus irrigation lines, and of those, which needed to be removed. Once they are identified, Mr. Pierman will send letters to the affected residents.

NEW BUSINESS
1. Consider Lake Maintenance Proposals

Mr. Pierman noted that Allstate had agreed to monitor the over-spraying and presented from Palm Beach Aquatics and Superior Waterway. Following discussion, the Board agreed to stay with Allstate, but to monitor their performance.

ADMINISTRATIVE MATTERS
1. Financials

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Bates, seconded by Mr. Da Costa and unanimously passed adjourning the meeting at 7:41 p.m.

Page 2 of 3

 	
Secretary/Assistant Secretary	Chairperson/Vice Chairperson

Page 3 of 3

LAW OFFICE
BILLI	G, COCH RA  , LYLE , MAURO & RAM	EY, P.A.
ESTABLISHED 1977

DENNISE. LYLES JOHN W. MAURO
KENNETH W. MORGAN, JR, RICHARDT. WOULFE CAROL J. HEALY GLASGOW MICHAEL J. PAWELCZYK ANDREW A. RIEF
MANUEL R. COMRAS GINGER E. WALD JEFFERY R. LAWLEY SCOTT C. COCH RAN SHAWN B. MCKAMEY ALINE 0. MARCANTONIO JOHN C. WEBBER

LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301
(954) 764-7150
(954) 764-7279 FAX

PGA NATIONAL OFFICE CENTER
300 AVENUE OF THE CHAMPIONS, SUITE 270 PALM BEACH GARDENS, FLORIDA 33418
(561) 659-5970
(561) 659-6173 FAX

WWW. BILLI NGCOCHRAN ,COM PLEASE REPLY TO: FORT LAUDERDALE

CHRISTINE A. BROWN GREGORY F. GEORGE BRAD J. KIMBER

OF COUNSEL

CLARK J, COCHRAN, JR, SUSAN F. DELEGAL SHIRLEY A. DELUNA GERALD L. KNIGHT BRUCE M, RAMSEY

STEVEN F, BILLING (1947-1998) HAYWARD 0. GAV(1943-2007)

February 7 2023

VIA E-MAIL ONLY- jpierman@sdsinc.org

Mr. JasonPierman District Manager
Special District Services Inc. 2501A Bums Road
Palm Beach Gardens FL 33410

Re:		Adjustment to District Counsel Fee tructure Journey's End Community Development District Our File: 429.99061
Dear Jason:

This fimJ s current fee structure has been in place since 201 l. Although we are certainly mindful of the necessity to keep increases in the District s expenses including the cost of legal services to a m1mmum it has become necessary for us to adjust our houri rates effective May 1 2023 a follows:

Attorneys/Partners:
Attome s/Associates:

$275.00 per hour
$225.00 per hour

This hourly fee structure will be adjusted on a periodic basis in connection with the District's budget process no later than every third Fiscal Year to reflect changes in the Consumer Price Index published by the U.S. Department of Labor.  The CPI has reflected a 31.8% increase since the year 20 l 1 and we have not raised our fees during that time.

Mr. JasonPierman February 7 2023
Page 2

Naturally should you have any questions or require any further information in support of this adjustment you should feel free to contact me at your convenience. As I think you are aware we very much appreciate the opportunity to serve as District Counsel as well as your courte y and cooperation with regard to the necessity of what we believe to be both infrequent and reasonable adjustments to our schedule of professional fees.

SCC/jmp

Very truly yours

 

--

Scott C. Cochran
For the Firm

RESOLUTION NO. 2023-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE JOURNEY’S END COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2023/2024; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Journey’s End Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2023/2024 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE JOURNEY’S END COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2023/2024 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for July 12, 2023 at 7:00 p.m. in the Journey’s End Clubhouse, 6400 Journey’s End Drive, Lake Worth, FL 33467, for the purpose of receiving public comments on the Proposed Fiscal Year 2023/2024 Budget.

PASSED, ADOPTED and EFFECTIVE this 12th day of April, 2023.

ATTEST:	JOURNEY’S END
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Journey's End Community Development District

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024 BUDGET	
O&M Assessments	110,686	
Other Revenues	0	
County Appraiser & Tax Collector Fee	(2,214)	
'iscounts For (arly Payments	(4,427)	
 nterest ncome	360	
		
TOTAL REVENUES	$	104,405	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes ((mployer)	383	
 nfrastructure Maintenance	2,500	
Stormwater Maintenance	2,500	
/aNe Maintenance	20,000	
(ngineering	7,000	
Management	18,000	
Secretarial	3,000	
/egal	 ,500	
Assessment Roll	5,000	
Audit Fees	4,000	
 nsurance	6,700	
/egal Advertisements	1,000	
Miscellaneous	1,175	
Postage	175	
Office Supplies	475	
'ues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	1,500	
Reserve	11,222	
		
TOTAL EXPENDITURES	$	104,405	
		
EXCESS/ S+ORTFALL 	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ S+ORTFALL 	$	-	

General Fund Balance As Of 9/30/22	$155,028.04	
ReserYe Fund Balance As Of 9/30/22	$35,000.00	

DETAILED PROPOSED BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022
ACTUAL	
FISCAL YEAR 2022/2023
BUDGET	
FISCAL YEAR 2023/2024
BUDGET	

COMMENTS	
O&M Assessments	148,593	110,686	110,686	Expenditures Less nterest & Carryover/.94	
Other Revenues	0	0	0		
County Appraiser & Tax Collector Fee	(2,331)	(2,214)	(2,214)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(5,488)	(4,427)	(4,427)	Four Percent Of Total Assessment Roll	
 nterest ncome	52	300	360	 nterest ProMected At $30 Per Month	
					
TOTAL REVENUES	$	140,826	$	104,345	$	104,405		
					
EXPENDITURES					
Supervisor Fees	2,200	5,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	168	383	383	Supervisor Fees 7.65 	
 nfrastructure Maintenance	0	2,500	2,500	 nfrastructure Maintenance	
Stormwater Maintenance	0	2,500	2,500	Stormwater Maintenance	
LaNe Maintenance	18,760	20,000	20,000	No Change From 2022/2023 Budget	
Engineering	6,996	7,000	7,000	No Change From 2022/2023 Budget	
Management	18,000	18,000	18,000	As Per Contract	
Secretarial	3,000	3,000	3,000	No Change From 2022/2023 Budget	
Legal	7,136	9,500	9,500	No Change From 2022/2023 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,800	3,900	4,000	Accepted Amount For 2022/2023 Audit	
 nsurance	5,706	6,100	6,700	Fiscal Year Expenditure Was $6,134	
Legal Advertisements	850	1,050	1,000	$50 Decrease From 2022/2023 Budget	
Miscellaneous	978	1,200	1,175	$25 Decrease From 2022/2023 Budget	
Postage	112	200	175	$25 Decrease From 2022/2023 Budget	
Office Supplies	348	500	475	$25 Decrease From 2022/2023 Budget	
Dues & Subscriptions	175	175	175	No Change From 2022/2023 Budget	
Trustee Fee	5,100	5,100	5,100	No Change From 2022/2023 Budget	
Website Management	1,500	1,500	1,500	No Change From 2022/2023 Budget	
Reserve	350,000	11,737	11,222	Reserve	
					
TOTAL EXPENDITURES	$	429,829	$	104,345	$	104,405		
					
EXCESS/ (SHORTFALL)	$	(289,003)	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(289,003)	$	-	$	-		

General Fund Balance As Of 9/30/22	$155,028.04	
Reserve Fund Balance As Of 9/30/22	$35,000.00	

DETAILED FINAL DEBT SERVICE FUND BUDGET
JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2021/2022 ACTUAL	FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	

 nterest ncome	
619	
10	
0	
ProMected nterest For 2023/2024	

NA9 Tax Collection	
184,775	
110,079	
110,079	

8pdated Yearly Maximum Debt Assessment	

Redemption Transfer	
350,000	
0	
0		

Prepaid Bond Collection	
5,771	
0	
0		

Total Revenues	
$	541,165	
$	110,089	
$	110,079		

EXPENDITURES					

Principal Payments	
140,000	
85,000	
90,000	
Principal Payment Due n 2024	

 nterest Payments	
50,093	
24,296	
20,079	
 nterest Payments Due n 2024	

Bond Redemption	
0	
793	
0	
Estimated Excess Debt Collections	

Total Expenditures	
$	190,093	
$	110,089	
$	110,079		

Excess/ (Shortfall)	
$	351,072	
$	-	
$	-		

$428,738.74

Debt Service Fund Balance As Of 9/30/22

Series 2008 Refunding Bonds Information
Original Par Amount =	$2,300,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	4.82%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date =	August 2008			
Maturity Date =	May 2028	Note: $350,000 Extraordinary Principal Payment Was	
		Made On November 1, 2022.	
Par Amount As Of 1/1/23 =	$540,000		

Journey's End Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2020/2021	2021/2022	2022/2023	2023/2024	
 Assessment* 	 Assessment* 	 Assessment* 	Projected Assessment*	

Administrative For Sixty Five Foot Lots	
$	314.45	
$	314.45	
$	235.00	
$	
235.00	
Debt For Sixty Five Foot Lots	$	390.00	$	390.00	$	240.00	$	240.00	
Total	$	704.45	$	704.45	$	475.00	$	475.00	

Administrative For Seventy Five Foot Lots	
$	314.45	
$	314.45	
$	235.00	
$	235.00	
Debt For Seventy Five Foot Lots	$	450.00	$	450.00	$	275.00	$	275.00	
Total	$	764.45	$	764.45	$	510.00	$	510.00	

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

Community nformation:	

Sixty Five Foot Lots	300	
Seventy Five Foot Homes			171		
Total Units	471	

Sixty Five Foot Lots nformation	

Total Units	300	
Prepayments			3		
Billed For Debt	297	

Seventy Five Foot Lots nformation	

Total Units	171	
Prepayments			1		
Billed For Debt	170	

Journey's End Community Development District

Financial Report For March 2023

JOURNEY'S END COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2023

REVENUES	
Annual Budget
10/1/22  9/30/23	

Actual Mar 23	Year To Date Actual
10/1/22  3/31/23	
O & M Assessments	110,686	1,936	104,264	
Other Revenues	0	0	0	
County Appraiser & Tax Collector Fee	(2,214)	(19)	(1,422)	
'iscounts For (arly Payments	(4,427)	(21)	(4,045)	
,nterest ,ncome	300	0	2,123	
				
Total Revenues	$	104,345	$	1,896	$	100,920	
				
EXPENDITURES				
Supervisor Fees	5,000	0	1,600	
Payroll Taxes ((mployer)	383	0	122	
,nfrastructure Maintenance	2,500	0	0	
Stormwater Maintenance	2,500	0	0	
/aNe Maintenance	20,000	1,625	9,432	
(ngineering	7,000	1,147	2,608	
Management	18,000	1,500	9,000	
Secretarial	3,000	250	1,500	
/egal	9,500	0	3,644	
Assessment Roll	5,000	0	0	
Audit Fees	3,900	0	0	
,nsurance	6,100	0	6,134	
/egal Advertisements	1,050	0	402	
Miscellaneous	1,200	36	344	
Postage	200	11	54	
Office Supplies	500	14	244	
'ues & Subscriptions	175	0	175	
Trustee Fee	5,100	0	0	
Website Management	1,500	125	750	
Reserve	11,737	0	0	
Capital Projects	0	0	0	
				
Total Expenditures	$	104,345	$	4,708	$	36,009	
				
Excess/ SKortfall 	$	 	$	 2,812 	$	64,911	
				
Carryover from Prior Year	0	0	0	
				
Net Excess/ SKortfall 	$	 	$	 2,812 	$	64,911	

Available Funds As Of 9/30/22	$	155,028.04	
Reserve Funds As Of 9/30/22	$	35,000.00	

Note: Reserve Funds For $350,000 Were Used For Bond Redemption Transfer In FY 21/22.

Bank Balance As Of 3/31/23	$	263,106.54	
Accounts Payable As Of 3/31/23	$	8,167.42	
Reserve Funds As Of 3/31/23	$	35,000.00	
Accounts Receivable As Of 3/31/23	$	 	
Available Funds As Of 3/31/23	$	219,939.12	

Journey's End Community Development District
Budget vs. Actual
October 2022 through March 2023

Oct '22 Mar 23	22/23 Budget	$ Over Budget	% of Budget
 			
Ordinary Income/Expense Income
363.100 · O & M Assessment Income	104,263.57		110,686.00		-6,422.43		94.2%	
363.830 · Assessment Fees	-1,422.18		-2,214.00		791.82		64.24%	
363.831 · Assessment Discounts	-4,045.16		-4,427.00		381.84		91.38%	
369.401 · Interest Income	2,122.84		300.00		1,822.84		707.61%	
Total Income	100,919.07		104,345.00		-3,425.93		96.72%	
Expense								
511.000 · Professional Fees								
511.315 · Legal	3,644.00		9,500.00		-5,856.00		38.36%	
511.320 · Audit	0.00		3,900.00		-3,900.00		0.0%	
Total 511.000 · Professional Fees	3,644.00		13,400.00		-9,756.00		27.19%	
511.122 · Payroll Taxes	122.40		383.00		-260.60		31.96%	
511.131 · Supervisor Fees	1,600.00		5,000.00		-3,400.00		32.0%	
511.307 · Infrastructure Maintenance	0.00		2,500.00		-2,500.00		0.0%	
511.309 · Drain System Maintenance	0.00		2,500.00		-2,500.00		0.0%	
511.310 · Engineering	2,607.45		7,000.00		-4,392.55		37.25%	
511.311 · Management Fees	9,000.00		18,000.00		-9,000.00		50.0%	
511.312 · Secretarial Fees	1,500.00		3,000.00		-1,500.00		50.0%	
511.318 · Assessment Roll	0.00		5,000.00		-5,000.00		0.0%	
511.450 · Insurance	6,134.00		6,100.00		34.00		100.56%	
511.480 · Legal Advertisements	401.70		1,050.00		-648.30		38.26%	
511.512 · Miscellaneous	343.58		1,200.00		-856.42		28.63%	
511.513 · Postage and Delivery	53.76		200.00		-146.24		26.88%	
511.514 · Office Supplies	244.10		500.00		-255.90		48.82%	
511.540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.541 · Lake Maintenance	9,432.00		20,000.00		-10,568.00		47.16%	
511.733 · Trustee Fees	0.00		5,100.00		-5,100.00		0.0%	
511.736 · Reserve	0.00		11,737.00		-11,737.00		0.0%	
511.750 · Website Management	750.00		1,500.00		-750.00		50.0%	
Total Expense	36,007.99		104,345.00		-68,337.01		34.51%	
Net Ordinary Income	64,911.08		0.00		64,911.08		100.0%	

Journey's End CDD
Debt Service (Series 2008) Profit & Loss Report March 2023

	

Annual Budget
10/1/22  9/30/23	

Actual Mar 23	Year To Date Actual
10/1/22  3/31/23	
Revenues				
Interest Income	10	486	2,562	
NAV Tax Collection	110,079	2,073	105,466	
Bond Redemption Transfer	0	0	0	
Prepaid Bond Collection	0	0	0	
Total Revenues	$	110,089	$	2,559	$	108,028	
				
Expenditures				
Principal Payments	85,000	0	0	

Additional Principal Payments (Redemption)	793	0	350,000	
Interest Payments	24,296	0	21,926	
Total Expenditures	$	110,089	$	 	$	371,926	
				
Excess/ (Shortfall)	$	 	$	2,559	$	(263,898)	

Note: Bond Redemption Transfer Of $350,000 Was Made In FY 21/22