Black Creek 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
BLACK CREEK 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	0	0	0	
Developer Contribution	91,400	68,550	68,550	
Debt Assessments	0	643	643	
Interest Income	0	0	0	
				
TOTAL REVENUES	$	91,400	$	69,193	$	69,193	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Annual Engineer's Report & Inspections	1,800	643	643	
Field Operations Management	0	0	0	
Street/Roadway Maintenance/Signage	3,000	0	0	
Miscellaneous Maintenance	3,000	1,000	0	
Wall Feature Maintenance/Upkeep	6,900	0	0	
Maintenance Contingency	6,000	1,000	0	
TOTAL MAINTENANCE EXPENDITURES	$	20,700	$	2,643	$	643	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	0	0	0	
Management	25,860	25,862	25,860	
Legal	12,000	12,000	10,293	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,900	0	0	
Arbitrage Rebate Fee	650	0	0	
Insurance	6,750	5,251	5,251	
Legal Advertisements	3,600	1,200	653	
Miscellaneous	1,015	500	73	
Postage	600	130	122	
Office Supplies	900	220	201	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,250	0	0	
Continuing Disclosure Fee	1,000	500	500	
Website Management	2,000	2,000	2,000	
Administrative Contingency	2,000	500	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,700	$	54,338	$	51,128	
				
TOTAL EXPENDITURES	$	91,400	$	56,981	$	51,771	
				
REVENUES LESS EXPENDITURES	$	-	$	12,212	$	17,422	
				
BOND PAYMENTS	0	0	-	
				
BALANCE	$	-	$	12,212	$	17,422	
				
PROPERTY APPRAISER & TAX COLLECTOR FEE	0	0	-	
DISCOUNTS FOR EARLY PAYMENTS	0	0	-	
				
EXCESS/ (SHORTFALL)	$	-	$	12,212	$	17,422	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	12,212	$	17,422	

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

$6,481	
$12,212	
$18,693	

10/14/2020 11:55 AM

AMENDED FINAL BUDGET
BLACK CREEK 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	0	350	350	
NAV Assessment Collection	0	0	0	
Bond Proceeds (Debt Service)	0	184,941	184,941	
Miscellaneous Revenue	0	0	0	
Total Revenues	$	-	$	185,291	$	185,291	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	61,041	61,041	
Transfer To Construction Fund	0	201	201	
Total Expenditures	$	-	$	61,242	$	61,242	
				
Excess/ (Shortfall)	$	-	$	124,049	$	124,049	

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

$0	
$124,049	
$124,049	

Notes
Capital Projects Debt Proceeds = $4,180,059. Total Bond Proceeds = $4,365,000. Reserve Fund Balance = $123,900*.
12/15/2020 Interest Payment Of $81,388 To Be Developer Funded.
FY 2019/2020 Capital Outlays = $3,917,010. FY 2019/2020 Cost Of Issuance = $265,075.
FY 2019/2020 Original Issue Discount = $1,848.
* Approximate Amounts

Series 2020 Bond Information

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

Par Amount As Of 9/30/20 =	June 2050

$4,365,000	June 15th & December 15th	

10/14/2020 11:55 AM	
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