Century Park South Community Development District

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

CONTENTS

I	AMENDED FINAL OPERATING FUND BUDGET II	AMENDED FINAL DEBT SERVICE BUDGET

AMENDED FINAL BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
ADMINISTRATIVE ASSESSMENTS	75,001	70,501	70,501	
MAINTENANCE ASSESSMENTS	31,058	29,194	29,194	
DEBT ASSESSMENTS	271,749	255,441	255,441	
BOND PREPAYMENTS	0	256,268	256,268	
INTEREST INCOME	24	88	88	
TOTAL REVENUES	$	377,832	$	611,492	$	611,492	
				
EXPENDITURES				
				
ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	0	0	0	
MANAGEMENT	27,600	27,600	27,600	
LEGAL	15,000	10,000	8,371	
ASSESSMENT ROLL	6,500	6,500	6,500	
AUDIT FEES	4,000	3,500	3,500	
INSURANCE	5,500	5,251	5,251	
LEGAL ADVERTISING	2,000	1,000	413	
MISCELLANEOUS	1,250	500	193	
POSTAGE	250	115	103	
OFFICE SUPPLIES	750	300	262	
DUES & SUBSCRIPTIONS	175	175	175	
TRUSTEE FEES	3,500	4,031	4,031	
CONTINUING DISCLOSURE FEE	1,000	1,000	1,000	
WEBSITE MANAGEMENT & ADA COMPLIANCE	1,500	1,500	1,500	
ADMINISTRATIVE CONTINGENCY	1,500	750	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,525	$	62,222	$	58,899	
				
MAINTENANCE EXPENDITURES				
ENGINEERING/INSPECTIONS	2,100	1,500	837	
MISCELLANEOUS MAINTENANCE	15,000	2,500	0	
INFRASTRUCTURE MAINTENANCE	12,095	2,500	0	
TOTAL MAINTENANCE EXPENDITURES	$	29,195	$	6,500	$	837	
				
TOTAL EXPENDITURES	$	99,720	$	68,722	$	59,736	
				
REVENUES LESS EXPENDITURES	$	278,112	$	542,770	$	551,756	
				
BOND PAYMENTS	(255,444)	(255,441)	(255,441)	
BOND PREPAYMENTS TO TRUSTEE	0	(256,268)	(256,268)	
BALANCE	$	22,668	$	31,061	$	40,047	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(7,556)	-	-	
DISCOUNTS FOR EARLY PAYMENTS	(15,112)	-	-	
				
EXCESS/ (SHORTFALL)	$	-	$	31,061	$	40,047	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	31,061	$	40,047	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$10,095	
$31,061	
$41,156	

AMENDED FINAL BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	25	15	15	
NAV Assessment Collection/Developer Contribution	255,444	255,441	255,441	
Prepaid Bond Collection	0	256,268	256,268	
Total Revenues	$	255,469	$	511,724	$	511,724	
				
EXPENDITURES				
Principal Payments	85,000	85,000	85,000	
Interest Payments	167,019	168,294	168,294	
Bond Redemption	3,450	0	0	
Total Expenditures	$	255,469	$	253,294	$	253,294	
				
Excess/ (Shortfall)	$	-	$	258,430	$	258,430	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$339,976	
$258,430	
$598,406	

Notes
Reserve Fund Balance = $255,444*. Revenue Fund Balance = $86,693*. Prepayment Account Balance = $256,269*
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $82,872.
Prepayment Fund Balance To Be Used To Make 11/1/2021 Extraordinary Principal Payment Of $255,000.
* Approximate Amounts

Series 2020 Bond Information

Original Par Amount =	$4,505,000	Annual Principal Payments Due:	
Interest Rate =	3.0% - 4.0%	May 1st	
Issue Date =	February 2020	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/21 =	May 2050

$4,420,000	May 1st & November 1st