Cypress Lakes Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments	67,977	68,060	68,060	
Debt Assessments	129,893	129,975	129,975	
Other Revenues	0	0	0	
Interest Income	120	172	172	
				
TOTAL REVENUES	$	197,990	$	198,207	$	198,207	
				
EXPENDITURES				
Supervisor Fees	4,000	2,000	2,000	
Payroll Taxes - Employer	320	153	153	
Engineering/Inspections	1,500	2,000	1,000	
Management	24,756	24,756	24,756	
Secretarial	4,200	4,200	4,200	
Legal	7,000	6,432	6,432	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,900	3,900	3,900	
Insurance	6,356	5,000	5,000	
Legal Advertisements	1,400	1,750	1,452	
Miscellaneous	900	750	328	
Postage	175	55	50	
Office Supplies	375	250	221	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,089	4,089	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	1,500	1,500	1,500	
Reserve	61	61	0	
TOTAL EXPENDITURES	$	67,718	$	64,071	$	62,256	
				
REVENUES LESS EXPENDITURES	$	130,272	$	134,136	$	135,951	
				
Bond Payments	(122,100)	(123,849)	(123,849)	
				
BALANCE	$	8,172	$	10,287	$	12,102	
				
County Appraiser & Tax Collector Fee	(3,957)	(2,456)	(2,456)	
Discounts For Early Payments	(7,915)	(7,446)	(7,446)	
				
EXCESS/ (SHORTFALL)	$	(3,700)	$	385	$	2,200	
				
Carryover From Prior Year	3,700	3,700	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	4,085	$	2,200	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$68,960	
$385	
$69,345	

.
Notes
Carryover From Prior Year Of $6,300 was used to reduce Fiscal Year 2018/2019 Assessments. Carryover From Prior Year Of $3,700 to be used to reduce Fiscal Year 2019/2020 Assessments.

AMENDED FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	200	3,466	3,466	
NAV Tax Collection	122,100	123,849	123,849	
Total Revenues	$	122,300	$	127,315	$	127,315	
				
EXPENDITURES				
Principal Payments	50,000	50,000	50,000	
Interest Payments	72,300	73,800	73,800	
Extraordinary Principal Payments	0	0	0	
Total Expenditures	$	122,300	$	123,800	$	123,800	
				
Excess/ (Shortfall)	$	-	$	3,515	$	3,515	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$170,695	
$3,515	
$174,210	

Notes
Reserve Fund Balance = $86,494*. Revenue Fund Balance = $70,225*. Redemption Account Balance = $17,491*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $35,400. Redemption Account Balance To Be Used To Make 11/1/2019
Extraordinary Principal Payment Of $15,000.
* Approximate Amounts

Series 2004 Bond Information
Original Par Amount =	$1,745,000	Annual Principal Payments Due:	
Interest Rate =	6.00%	May 1st	
Issue Date =	August 2004	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	May 2034

$1,180,000	May 1st & November 1st