Cypress Lakes Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CYPRESS LAKES 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	
O & M Assessments	70,584	70,651	70,651	
Debt Assessments	127,287	127,385	127,385	
Other Revenues	0	0	0	
Interest Income	120	225	219	
TOTAL REVENUES	$	197,991	$	198,261	$	198,255	
				
EXPENDITURES				
Supervisor Fees	4,000	2,200	2,200	
Payroll Taxes - Employer	320	168	168	
Engineering/Inspections	1,500	2,400	1,200	
Management	25,800	25,800	25,800	
Secretarial	4,200	4,200	4,200	
Legal	7,000	7,500	6,562	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,500	3,500	3,500	
Insurance	6,000	5,513	5,513	
Legal Advertisements	1,400	1,400	1,170	
Miscellaneous	700	700	442	
Postage	175	50	40	
Office Supplies	350	190	158	
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	549	549	0	
TOTAL EXPENDITURES	$	68,769	$	67,434	$	64,217	
				
REVENUES LESS EXPENDITURES	$	129,222	$	130,827	$	134,038	
				
Bond Payments	(119,650)	(121,356)	(121,356)	
				
BALANCE	$	9,572	$	9,471	$	12,682	
				
County Appraiser & Tax Collector Fee	(3,957)	(2,442)	(2,442)	
Discounts For Early Payments	(7,915)	(7,502)	(7,502)	
				
EXCESS/ (SHORTFALL)	$	(2,300)	$	(473)	$	2,738	
				
Carryover From Prior Year	2,300	2,300	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	1,827	$	2,738	

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

$73,136	
($473)	
$72,663	

.
Notes
Carryover From Prior Year Of $2,300 was used to reduce Fiscal Year 2020/2021 Assessments. Carryover From Prior Year Of $3,985 to be used to reduce Fiscal Year 2021/2022 Assessments.

AMENDED FINAL BUDGET
CYPRESS LAKES 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	300	9	9	
NAV Tax Collection	119,650	121,356	121,356	
Total Revenues	$	119,950	$	121,365	$	121,365	
				
EXPENDITURES				
Principal Payments	55,000	55,000	55,000	
Interest Payments	64,950	66,300	66,300	
Extraordinary Principal Payments	0	10,000	10,000	
Total Expenditures	$	119,950	$	131,300	$	131,300	
				
Excess/ (Shortfall)	$	-	$	(9,935)	$	(9,935)	

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

$160,660	
($9,935)	
$150,725	

Notes
Reserve Fund Balance = $76,599*. Revenue Fund Balance = $61,693*. Redemption Account Balance = $12,433*.
Revenue Fund & Redemption Account Balances To Be Used To Make 11/1/2021 Interest Payment Of $31,350 And Extraordinary Principal Payment Of $20,000.
* 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 9/30/21 =	May 2034

$1,045,000	May 1st & November 1st