Cypress Lakes Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	66,116	66,192	66,192	
Debt Assessments	131,755	131,829	131,829	
Other Revenues	0	0	0	
Interest Income	120	227	227	
TOTAL REVENUES	$	197,991	$	198,248	$	198,248	
				
EXPENDITURES				
Supervisor Fees	4,000	2,400	2,400	
Payroll Taxes - Employer	320	184	184	
Engineering/Inspections	1,500	1,500	1,200	
Management	25,224	25,224	25,224	
Secretarial	4,200	4,200	4,200	
Legal	7,000	5,070	5,070	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	4,000	3,400	3,400	
Insurance	6,200	5,251	5,251	
Legal Advertisements	1,400	2,800	2,401	
Miscellaneous	800	800	382	
Postage	175	55	50	
Office Supplies	350	135	120	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,089	4,089	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	2,000	2,000	2,000	
Reserve	125	125	0	
TOTAL EXPENDITURES	$	68,569	$	64,408	$	63,146	
				
REVENUES LESS EXPENDITURES	$	129,422	$	133,840	$	135,102	
				
Bond Payments	(123,850)	(125,594)	(125,594)	
				
BALANCE	$	5,572	$	8,246	$	9,508	
				
County Appraiser & Tax Collector Fee	(3,957)	(2,456)	(2,456)	
Discounts For Early Payments	(7,915)	(7,479)	(7,479)	
				
EXCESS/ (SHORTFALL)	$	(6,300)	$	(1,689)	$	(427)	
				
Carryover From Prior Year	6,300	6,300	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	4,611	$	(427)	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$72,370	
($1,689)	
$70,681	

.
Notes
Carryover From Prior Year Of $6,300 was used to reduce Fiscal Year 2019/2020 Assessments. Carryover From Prior Year Of $2,300 to be used to reduce Fiscal Year 2020/2021 Assessments.

11/10/2020  3:54 PM	I

AMENDED FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	300	1,206	1,206	
NAV Tax Collection	123,850	125,594	125,594	
Total Revenues	$	124,150	$	126,800	$	126,800	
				
EXPENDITURES				
Principal Payments	55,000	55,000	55,000	
Interest Payments	69,150	70,350	70,350	
Extraordinary Principal Payments	0	15000	15,000	
Total Expenditures	$	124,150	$	140,350	$	140,350	
				
Excess/ (Shortfall)	$	-	$	(13,550)	$	(13,550)	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$174,210	
($13,550)	
$160,660	

Notes
Reserve Fund Balance = $81,363*. Revenue Fund Balance = $71,628*. Redemption Account Balance = $7,669*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $33,300 And Extraordinary Principal Payment Of $10,000.
* 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 9/30/20 =	May 2034

$1,110,000	May 1st & November 1st	

11/10/2020 3:54 PM	II