Black Creek 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
BLACK CREEK 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	
Administrative Assessments	72,982	72,997	72,997	
Maintenance Assessments	17,879	17,879	17,879	
Debt Assessments	263,617	263,618	263,618	
Developer Contribution - Debt	0	81,388	81,388	
Other Revenue	0	17,944	17,944	
Interest Income	120	0	0	
				
TOTAL REVENUES	$	354,598	$	453,826	$	453,826	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Annual Engineer's Report & Inspections	1,800	1,800	1,165	
Field Operations Management	0	0	0	
Street/Roadway Maintenance/Signage	3,000	1,000	0	
Miscellaneous Maintenance	3,000	3,000	0	
Wall Feature Maintenance/Upkeep	6,900	1,000	0	
Maintenance Contingency	2,106	1,000	0	
TOTAL MAINTENANCE EXPENDITURES	$	16,806	$	7,800	$	1,165	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	0	0	0	
Management	26,448	26,448	26,448	
Legal	12,000	15,750	13,265	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,900	3,800	3,800	
Insurance	6,000	5,513	5,513	
Legal Advertisements	2,500	3,200	2,729	
Miscellaneous	1,000	750	190	
Postage	550	300	284	
Office Supplies	900	175	126	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,250	4,031	4,031	
Continuing Disclosure Fee	1,000	500	500	
Website Management	2,000	2,000	2,000	
Administrative Contingency	2,000	1,000	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	68,723	$	69,642	$	65,061	
				
TOTAL EXPENDITURES	$	85,529	$	77,442	$	66,226	
				
REVENUES LESS EXPENDITURES	$	269,069	$	376,384	$	387,600	
				
BOND PAYMENTS	(247,800)	(331,930)	(331,930)	
				
BALANCE	$	21,269	$	44,454	$	55,670	
				
PROPERTY APPRAISER & TAX COLLECTOR FEE	(7,090)	(3,403)	(3,403)	
DISCOUNTS FOR EARLY PAYMENTS	(14,179)	(14,179)	(14,179)	
				
EXCESS/ (SHORTFALL)	$	-	$	26,872	$	38,088	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	26,872	$	38,088	

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

$6,481	
$26,872	
$33,353	

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AMENDED FINAL BUDGET
BLACK CREEK 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	0	11	11	
NAV Assessment Collection	247,800	250,542	250,542	
Payment By Developer	0	81,388	81,388	
Miscellaneous Revenue	0	0	0	
Total Revenues	$	247,800	$	331,941	$	331,941	
				
EXPENDITURES				
Principal Payments	85,000	85,000	85,000	
Interest Payments	161,500	162,775	162,775	
Bond Redemption	1,300	0	0	
Transfer To Construction Fund	0	6	6	
Total Expenditures	$	247,800	$	247,781	$	247,781	
				
Excess/ (Shortfall)	$	-	$	84,160	$	84,160	

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

$124,049	
$84,160	
$208,209	

Notes
Reserve Fund Balance = $123,900*. Revenue Fund Balance = $84,309* Revenue Fund To Be Used To Fund 12/15/21 Interest Payment Of $80,112. December 2020 Interest Payment Was Developer Funded.
* 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 9/30/21 =	June 2050

$4,280,000	June 15th & December 15th	

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