Title: CPS Final Budget 2022-2023.xlsx
Author: JWalker

Century Park South Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES | FISCAL YEAR 2022/2023 BUDGET
Administrative Assessments | 74,695
Maintenance Assessments | 25,707
Developer Contribution | 0
Debt Assessments | 255,996
Interest Income | 24
TOTAL REVENUES | $	356,422
EXPENDITURES |
Administrative Expenditures |
Supervisor Fees | 0
Management | 28,812
Legal | 14,000
Assessment Roll | 6,500
Audit Fees | 3,700
Insurance | 5,800
Legal Advertisements | 1,400
Miscellaneous | 1,150
Postage | 225
Office Supplies | 725
Dues & Subscriptions | 175
Trustee Fees | 4,050
Continuing Disclosure Fee | 1,000
Website Management & ADA Compliance | 1,500
Administrative Contingency | 1,200
Total Administrative Expenditures | $	70,237
Maintenance Expenditures |
Engineering/Inspections | 2,100
Miscellaneous Maintenance | 9,970
Infrastructure Maintenance | 12,095
Total Maintenance Expenditures | $	24,165
TOTAL EXPENDITURES | $	94,402
REVENUES LESS EXPENDITURES | $	262,020
Bond Payments | (240,636)
BALANCE | $	21,384
County Appraiser & Tax Collector Fee | (7,128)
Discounts For Early Payments | (14,256)
EXCESS/ (SHORTFALL) | $	-
CARRYOVER FROM PRIOR YEAR | 0
NET EXCESS/ (SHORTFALL) | $	-

DETAILED FINAL BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES | FISCAL YEAR 2020/2021 ACTUAL | FISCAL YEAR 2021/2022 BUDGET | FISCAL YEAR 2022/2023 BUDGET | COMMENTS
Administrative Assessments | 70,501 | 74,771 | 74,695 | Expenditures Less Interest & Carryover/.94
Maintenance Assessments | 29,194 | 25,707 | 25,707 | Expenditures/.94
Developer Contribution | 0 | 0 | 0 | Developer Contribution
Debt Assessments | 255,441 | 255,996 | 255,996 | Bond Payments/.94
Interest Income | 88 | 24 | 24 | Interest Projected At $2 Per Month
TOTAL REVENUES | $	355,224 | $	356,498 | $	356,422 |
EXPENDITURES | | | |
Administrative Expenditures | | | |
Supervisor Fees | 0 | 0 | 0 |
Management | 27,600 | 27,984 | 28,812 | CPI Adjustment (Capped At 3%)
Legal | 8,371 | 15,000 | 14,000 | $1,000 Decrease From 2021/2022 Budget
Assessment Roll | 6,500 | 6,500 | 6,500 | As Per Contract
Audit Fees | 3,500 | 3,600 | 3,700 | Accepted Amount For 2021/2022 Audit
Insurance | 5,251 | 5,600 | 5,800 | Insurance Estimate
Legal Advertisements | 413 | 1,700 | 1,400 | $300 Decrease From 2021/2022 Budget
Miscellaneous | 193 | 1,250 | 1,150 | $100 Decrease From 2021/2022 Budget
Postage | 103 | 250 | 225 | $25 Decrease From 2021/2022 Budget
Office Supplies | 262 | 750 | 725 | $25 Decrease From 2021/2022 Budget
Dues & Subscriptions | 175 | 175 | 175 | No Change From 2021/2022 Budget
Trustee Fees | 4,031 | 3,500 | 4,050 | $550 Increase From 2021/2022 Budget
Continuing Disclosure Fee | 1,000 | 1,000 | 1,000 | No Change From 2021/2022 Budget
Website Management & ADA Compliance | 1,500 | 1,500 | 1,500 | No Change From 2021/2022 Budget
Administrative Contingency | 0 | 1,500 | 1,200 | Administrative Contingency
Total Administrative Expenditures | $	58,899 | $	70,309 | $	70,237 |
Maintenance Expenditures | | | |
Engineering/Inspections | 837 | 2,100 | 2,100 | No Change From 2021/2022 Budget
Miscellaneous Maintenance | 0 | 9,970 | 9,970 | No Change From 2021/2022 Budget
Infrastructure Maintenance | 0 | 12,095 | 12,095 | No Change From 2021/2022 Budget
Total Maintenance Expenditures | $	837 | $	24,165 | $	24,165 |
TOTAL EXPENDITURES | $	59,736 | $	94,474 | $	94,402 |
REVENUES LESS EXPENDITURES | $	295,488 | $	262,024 | $	262,020 |
Bond Payments | (255,441) | (240,636) | (240,636) | 2023 P & I Payments Less Earned Interest
BALANCE | $	40,047 | $	21,388 | $	21,384 |
County Appraiser & Tax Collector Fee | 0 | (7,129) | (7,128) | Two Percent Of Total Assessment Roll
Discounts For Early Payments | 0 | (14,259) | (14,256) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	40,047 | $	- | $	- |
CARRYOVER FROM PRIOR YEAR | 0 | 0 | 0 | Carryover From Prior Year
NET EXCESS/ (SHORTFALL) | $	40,047 | $	- | $	- |

DETAILED FINAL DEBT SERVICE FUND BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES | FISCAL YEAR 2020/2021 ACTUAL | FISCAL YEAR 2021/2022 BUDGET | FISCAL YEAR 2022/2023 BUDGET | COMMENTS
Interest Income | 15 | 25 | 0 | Projected Interest For 2022/2023
NAV Tax Collection | 255,441 | 240,636 | 240,636 | Maximum Debt Service Collection
Prepaid Bond Collection | 256,268 | 0 | 0 |
Total Revenues | $	511,724 | $	240,661 | $	240,636 |
EXPENDITURES | | | |
Principal Payments | 85,000 | 85,000 | 85,000 | Principal Payments Due In 2023
Interest Payments | 168,294 | 154,586 | 152,319 | Interest Payments Due In 2023
Bond Redemption | 0 | 1,075 | 3,317 | Estimated Excess Debt Collections
Total Expenditures | $	253,294 | $	240,661 | $	240,636 |
Excess/ (Shortfall) | $	258,430 | $	- | $	- |

Series 2020 Bond Information
Original Par Amount = | $4,505,000 | Annual Principal Payments Due = | May 1st
Interest Rate = | 3.00% - 4.00% | Annual Interest Payments Due = | May 1st & November 1st
Issue Date = | February 2020 | |

Maturity Date =

Par Amount As Of 1/1/2022 =

May 2050

$4,165,000

Century Park South Community Development District Assessment Comparison

| Fiscal Year | Fiscal Year | Fiscal Year
Original | 2020/2021 | 2021/2022 | 2022/2023
Projected | Assessment | Assessment | Projected Assessment
Assessment* | Before Discount* | Before Discount* | Before Discount*
Administrative For Townhome Units | $	-	$	270.76 | $	284.31 | $ | 284.02
Maintenance For Townhome Units | $	-	$	112.13 | $	97.76 | $ | 97.76
Debt For Townhome Units | $	1,125.41 | $	1,125.41 | $	1,125.41 | $	1,125.41
Total For Townhome Units | $	1,125.41 | $	1,508.30 | $	1,507.48 | $	1,507.19
Administrative For Condominium Units | $	-	$	270.76 | $	284.31 | $ | 284.02
Maintenance For Condominium Units | $	-	$	112.13 | $	97.76 | $ | 97.76
Debt For Condominium Units | $	869.06 | $	869.06 | $	869.06 | $	869.06
Total For Condominium Units | $	869.06 | $	1,251.95 | $	1,251.13 | $	1,250.84

* Assessments Include the Following :		O&M Covenant = 360.00
4% Discount for Early Payments	360.00/.94 = 382.98
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:		 Townhome Units	107
Condominium Units	156
Total Units	263

4/29/2022 8:02 AM	^IV

4/29/2022 8:02 AM