Black Creek Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021 BUDGET	
Administrative Assessments	72,982	
Maintenance Assessments	17,879	
Debt Assessments	263,617	
Developer Contribution	0	
Interest Income	120	
		
TOTAL REVENUES	$	354,598	
		
EXPENDITURES		
Maintenance Expenditures		
Annual Engineer's Report & Inspections	1,800	
Field Operations Management	0	
Street/Roadway Maintenance/Signage	3,000	
Miscellaneous Maintenance	3,000	
Wall Feature Maintenance/Upkeep	6,900	
Maintenance Contingency	2,106	
TOTAL MAINTENANCE EXPENDITURES	$	16,806	
		
Administrative Expenditures		
Supervisor Fees	0	
Management	26,448	
Legal	12,000	
Assessment Roll	6,000	
Audit Fees	3,900	
Arbitrage Rebate Fee	0	
Insurance	6,000	
Legal Advertisements	2,500	
Miscellaneous	1,000	
Postage	550	
Office Supplies	900	
Dues & Subscriptions	175	
Trustee Fees	4,250	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Administrative Contingency	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	68,723	
		
TOTAL EXPENDITURES	$	85,529	

REVENUES LESS EXPENDITURES	$	269,069	
		
Bond Payments	(247,800)	
		
BALANCE	$	21,269	
		
County Appraiser & Tax Collector Fee	(4,254)	
Discounts For Early Payments	(17,015)	
		
EXCESS/ (SHORTFALL)	$	-	

8/9/2020 8:42 AM	I

DETAILED FINAL BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019 ACTUAL	
FISCAL YEAR 2019/2020 BUDGET	
FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	
Administrative Assessments	0	0	72,982	Expenditures Less Interest /.94	
Maintenance Assessments	0	0	17,879	Expenditures/.94	
Debt Assessments	0	0	263,617	Bond Payments/.94	
Developer Contribution	30,000	91,400	0		
Interest Income	3	0	120	Projected At $10 Per Month	
					
TOTAL REVENUES	$	30,003	$	91,400	$	354,598		
					
EXPENDITURES					
Maintenance Expenditures					
Annual Engineer's Report & Inspections	0	1,800	1,800	No Change From 2019/2020 Budget	
Field Operations Management	0	0	0	No Change From 2019/2020 Budget	
Street/Roadway Maintenance/Signage	0	3,000	3,000	No Change From 2019/2020 Budget	
Miscellaneous Maintenance	0	3,000	3,000	No Change From 2019/2020 Budget	
Wall Feature Maintenance/Upkeep	0	6,900	6,900	No Change From 2019/2020 Budget	
Maintenance Contingency	0	6,000	2,106	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	-	$	20,700	$	16,806		
					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	10,775	25,860	26,448	CPI Adjustment	
Legal	6,518	12,000	12,000	No Change From 2019/2020 Budget	
Assessment Roll	0	6,000	6,000	Assessment Roll	
Audit Fees	0	3,900	3,900	Audit Fees	
Arbitrage Rebate Fee	0	650	0	Bond Issue Qualifies For Small User Exception	
Insurance	2,096	6,750	6,000	Insurance Estimate	
Legal Advertisements	2,806	3,600	2,500	$1,100 Decrease From 2019/2020 Budget	
Miscellaneous	162	1,015	1,000	$15 Decrease From 2019/2020 Budget	
Postage	37	600	550	$50 Decrease From 2019/2020 Budget	
Office Supplies	503	900	900	No Change From 2019/2020 Budget	
Dues & Subscriptions	0	175	175	No Change From 2019/2020 Budget	
Trustee Fees	0	4,250	4,250	No Change From 2019/2020 Budget	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2019/2020 Budget	
Website Management	625	2,000	2,000	No Change From 2019/2020 Budget	
Administrative Contingency	0	2,000	2,000	No Change From 2019/2020 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	23,522	$	70,700	$	68,723		
					
TOTAL EXPENDITURES	$	23,522	$	91,400	$	85,529		

REVENUES LESS EXPENDITURES	$	6,481	$	-	$	269,069		
					
Bond Payments	0	0	(247,800)	2021 P & I Payments	
					
BALANCE	$	6,481	$	-	$	21,269		
					
County Appraiser & Tax Collector Fee	0	0	(4,254)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	(17,015)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	6,481	$	-	$	-		

8/9/2020 8:42 AM	II

DETAILED FINAL DEBT SERVICE FUND BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019 ACTUAL	FISCAL YEAR 2019/2020 BUDGET	FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	

Interest Income	
0	
0	
0	
Projected Interest For FY 2020/2021	

NAV Tax Collection	
0	
0	
247,800	
2021 P & I Payments Less Earned Interest	

Total Revenues	
$	-	
$	-	
$	247,800		

EXPENDITURES					

Principal Payments	
0	
0	
85,000	
Principal Payment Due In 2021	

Interest Payments	
0	
0	
161,500	
Interest Payments Due In 2021	

Bond Redemption	
0	
0	
1,300	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	247,800		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Series 2020 Bond Information

Original Par Amount =	$4,365,000	Annual Principal Payments Due =	June 15th	
Interest Rate = Issue Date = Maturity Date =	3.00% - 4.00%
January 2020
June 2050	Annual Interest Payments Due =	June 15th & December 15th	

Par Amount As Of 2/1/20 =	
$4,365,000			

8/9/2020 8:42 AM	III

Black Creek Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year
2018/2019	2019/2020	2020/2021
  Assessment*         Assessment*	 Projected Assessment* 

Administrative Assessment For Townhomes	$	-	$	-	$	333.25	
Maintenance Assessment For Townhomes	$	-	$	-	$	81.64	
Debt Assessment For Townhomes	$	-		$	-		$	1,156.63	
Total	$	-	$	-	$	1,571.52	

Administrative Assessment For Single Family Homes	$	-	$	-	$	333.25	
Maintenance Assessments For Single Family Homes	$	-	$	-	$	81.64	
Debt Assessment For Single Family Homes	$	-		$	-		$	1,260.83	
Total	$	-	$	-	$	1,675.72	

* Assessments Include the Following :		Note	
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee		Net Per Unit O&M Covenant amount is $390.00 Gross Per Unit O&M Covenant amount is $414.89	
Community Information:			
Townhomes	120		
Single Family Units	99		
Total Units	219		

8/9/2020 8:42 AM	IV