Journey's End Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL 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)	
Discounts For Early Payments	(4,427)	
Interest Income	360	
		
TOTAL REVENUES	$	104,405	
		
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	4,000	
Insurance	6,700	
Legal Advertisements	1,000	
Miscellaneous	1,175	
Postage	175	
Office Supplies	475	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	1,500	
Reserve	11,222	
		
TOTAL EXPENDITURES	$	104,405	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

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

DETAILED FINAL 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 Interest & 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	
Interest Income	52	300	360	Interest Projected 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%	
Infrastructure Maintenance	0	2,500	2,500	Infrastructure Maintenance	
Stormwater Maintenance	0	2,500	2,500	Stormwater Maintenance	
Lake 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	
Insurance	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	

Interest Income	
619	
10	
0	
Projected Interest For 2023/2024	

NAV Tax Collection	
184,775	
110,079	
110,079	

Updated 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 In 2024	

Interest Payments	
50,093	
24,296	
20,079	
Interest Payments Due In 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	
Interest Rate =	4.82%	Annual Interest Payments Due =	May 1st & November 1st	
Issue 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 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			3		
Billed For Debt	297	

Seventy Five Foot Lots Information	

Total Units	171	
Prepayments			3		
Billed For Debt	168	

7/3/2023 9:24 AM	IV