Title: CG Amended Final Budget 2022-2023.xlsx
Author: JWalker

Century Gardens Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2007)

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014)

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019)

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

Administrative Assessments | 82,413 | 83,653 | 83,653
Maintenance Assessments | 77,690 | 77,691 | 77,691
Debt Assessments (Series 2007) | 81,002 | 81,003 | 81,003
Debt Assessments (Series 2014) | 348,166 | 348,168 | 348,168
Debt Assessments (Series 2019) | 117,273 | 117,274 | 117,274
Other Revenues | 0 | 0 | 0
Interest Income | 240 | 8,036 | 7,936
TOTAL REVENUES | $	706,784 | $	715,825 | $	715,725
EXPENDITURES | | |
ADMINISTRATIVE EXPENDITURES | | |
Supervisor Fees | 2,000 | 1,500 | 1,500
Payroll Taxes | 160 | 114 | 114
Management | 28,848 | 28,848 | 28,848
Secretarial | 4,200 | 4,200 | 4,200
Legal | 9,000 | 7,500 | 6,408
Assessment Roll | 6,000 | 6,000 | 6,000
Audit Fees | 3,900 | 3,900 | 3,900
Insurance | 6,100 | 6,501 | 6,501
Legal Advertisements | 725 | 600 | 253
Miscellaneous | 1,150 | 950 | 736
Postage | 300 | 175 | 156
Office Supplies | 750 | 375 | 349
Dues & Subscriptions | 175 | 175 | 175
Trustee Fees | 11,900 | 11,611 | 11,611
Continuing Disclosure Fee | 500 | 500 | 500
Website Management | 2,000 | 2,000 | 2,000
TOTAL ADMINISTRATIVE EXPENDITURES | $	77,708 | $	74,949 | $	73,251
MAINTENANCE EXPENDITURES | | |
Lawn/Landscape Maintenance | 31,000 | 41,000 | 39,230
Aquatic Lake Maintenance | 5,200 | 5,200 | 4,771
Preserve Area | 1,000 | 500 | 0
Irrigation Maintenance | 3,500 | 1,500 | 475
Miscellaneous Maintenance | 3,000 | 3,000 | 2,611
Electricity | 3,300 | 2,492 | 2,492
Engineering/Inspections | 2,000 | 1,060 | 1,060
Field Operations Management | 1,500 | 1,500 | 1,500
Palm Treatment - Maint./Replacement | 3,500 | 4,700 | 0
Traffic Calming Devices | 10,000 | 1,000 | 0
Improvements - Landscape/Forestry | 6,115 | 1,000 | 0
Improvements - Reserve Contingency | 2,914 | 1,000 | 0
TOTAL MAINTENANCE EXPENDITURES | $	73,029 | $	63,952 | $	52,139
TOTAL EXPENDITURES | $	150,737 | $	138,901 | $	125,390
REVENUES LESS EXPENDITURES | $	556,047 | $	576,924 | $	590,335
Bond Payments (Series 2007) | (76,385) | (77,192) | (77,192)
Bond Payments (Series 2014) | (327,276) | (331,779) | (331,779)
Bond Payments (Series 2019) | (111,350) | (111,754) | (111,754)
BALANCE | $	41,036 | $	56,199 | $	69,610
County Appraiser & Tax Collector Fee | (13,679) | (6,808) | (6,808)
Discounts For Early Payments | (27,357) | (26,458) | (26,458)
Excess/ (Shortfall) | $	- | $	22,933 | $	36,344
Carryover From Prior Year | | 0 | 0
Net Excess/ (Shortfall) | $	- | $	22,933 | $	36,344

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$143,097
$22,933
$166,030

10/2/2023 9:23 AM	^I

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2007)
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES
Interest Income NAV Tax Collection Total Revenues

FISCAL YEAR	AMENDED	YEAR
2022/2023	FINAL	TO DATE
BUDGET	 BUDGET		ACTUAL 10/1/22 - 9/30/23	10/1/22 - 9/30/23	10/1/22 - 9/29/23

$

25
76,385
76,410

$

3,509
77,192
80,701

$

3,459
77,192
80,651

EXPENDITURES
Principal Payments Interest Payments Bond Redemption Total Expenditures

$

35,000
38,506
2,904
76,410	$

35,000
39,390
0
74,390	$

35,000
39,390
0
74,390

Excess/ (Shortfall)

$

-	$

6,311	$

6,261

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$81,484
$6,311
$87,795

Notes
Reserve Fund Balance = $38,306*. Revenue Fund Balance = $43,489*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment Of $18,811.
* Approximate Amounts

Series 2007 Bond Information
Original Par Amount = | $1,145,000 | Annual Principal Payments Due:
Interest Rate = | 5.05% | May 1st
Issue Date = | March 2007 | Annual Interest Payments Due:

Maturity Date =
Par Amount As Of 9/30/23 =

May 2037
$745,000

May 1st & November 1st

10/2/2023 9:23 AM	^II

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2004-SERIES 2014)
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

Interest Income | 25 | 11,210 | 11,210
NAV Tax Collection | 327,276 | 331,779 | 331,779
Total Revenues | $	327,301 | $	342,989 | $	342,989
EXPENDITURES | | |
Principal Payments | 170,000 | 170,000 | 170,000
Interest Payments | 73,950 | 75,905 | 75,905
Extraordinary Principal Payments | 55,000 | 55,000 | 55,000
Bond Redemption | 28,351 | 0 | 0
Total Expenditures | $	327,301 | $	300,905 | $	300,905
Excess/Shortfall | $	- | $	42,084 | $	42,084

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$364,131
$42,084
$406,215

Notes
Reserve Fund Balance = $144,676*. Revenue Fund Balance = $261,539*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment Of $34,595 and Extraordinary Principal Payment Of $55,000.
* Approximate Amounts

	Series 2014 Refunding Bond Information	
Original Par Amount = | $3,905,000 | Annual Principal Payments Due:
Interest Rate = | 3.4% - 8.4% | May 1st
Issue Date = | June 2014 | Annual Interest Payments Due:

Maturity Date =

Par Amount As Of 9/30/23 =

May 2034

$2,035,000

May 1st & November 1st

Note: Extraordinary Principal Payments Being Made To Eliminate Final Four Years Of Principal Payments.

10/2/2023 9:23 AM	^III

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2019)
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

Interest Income | 25 | 2,537 | 2,487
NAV Tax Collection | 111,350 | 111,754 | 111,754
Total Revenues | $	111,375 | $	114,291 | $	114,241
EXPENDITURES | | |
Principal Payments | 32,000 | 31,000 | 31,000
Interest Payments | 78,568 | 79,169 | 79,169
Bond Redemption | 807 | 0 | 0
Total Expenditures | $	111,375 | $	110,169 | $	110,169
Excess/Shortfall | $	- | $	4,122 | $	4,072

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$102,855
$4,122
$106,977

Notes
Reserve Fund Balance = $27,837*. Revenue Fund Balance = $79,140*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Principal Payment Of $32,000 And Interest Payment Of $39,284.
* Approximate Amounts

	Series 2019 Bond Information	
Original Par Amount = | $1,733,000 | Annual Principal Payments Due:
Interest Rate = | 3.6% - 5.0% | November 1st
Issue Date = | January 2019 | Annual Interest Payments Due:

Maturity Date =

Par Amount As Of 9/30/23 =

November 2049

$1,643,000

May 1st & November 1st

10/2/2023 9:23 AM	^IV