Black Creek Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET (2020)

AMENDED FINAL DEBT SERVICE FUND BUDGET (2022)

AMENDED FINAL BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Administrative Assessments	73,227	73,243	73,243	
Maintenance Assessments	17,553	17,553	17,553	
Debt Assessments (2020)	263,617	263,617	263,617	
Debt Assessments (2022)	0	0	0	
Developer Contribution - Debt	0	0	0	
Interest Income	0	0	0	
TOTAL REVENUES	$	354,397	$	354,413	$	354,413	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Annual Engineer's Report & Inspections	2,000	3,400	2,423	
Field Operations Management	1,500	1,500	1,500	
Street/Roadway Maintenance/Signage	3,000	1,000	0	
Miscellaneous Maintenance (Lawn Service)	3,000	8,400	7,000	
Wall Feature Maintenance/Upkeep	4,000	2,000	0	
Maintenance Contingency	3,000	2,000	0	
TOTAL MAINTENANCE EXPENDITURES	$	16,500	$	18,300	$	10,923	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	0	0	0	
Management	26,808	26,808	26,808	
Legal	12,000	13,000	10,456	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	5,400	3,900	3,900	
Arbitrage Rebate Fee	650	0	0	
Insurance	6,000	5,706	5,706	
Legal Advertisements	1,500	1,250	730	
Miscellaneous	1,000	750	249	
Postage	525	190	173	
Office Supplies	525	450	415	
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	1,000	1,000	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	68,833	$	65,760	$	61,143	
				
TOTAL EXPENDITURES	$	85,333	$	84,060	$	72,066	
				
REVENUES LESS EXPENDITURES	$	269,064	$	270,353	$	282,347	
				
Bond Payments (2020)	(247,800)	(250,665)	(250,665)	
Bond Payments (2022)	0	0	-	
				
BALANCE	$	21,264	$	19,688	$	31,682	
				
Property Appraiser & Tax Collector Fee	(7,088)	(3,404)	(3,404)	
Discounts For Early Payments	(14,176)	(14,012)	(14,012)	
				
EXCESS/ (SHORTFALL)	$	-	$	2,272	$	14,266	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	2,272	$	14,266	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$42,668	
$2,272	
$44,940	

I

AMENDED FINAL BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2020
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	14	13	
NAV Assessment Collection	247,800	250,665	250,665	
Payment By Developer	0	0	0	
Miscellaneous Revenue	0	0	0	
Total Revenues	$	247,825	$	250,679	$	250,678	
				
EXPENDITURES				
Principal Payments	85,000	85,000	85,000	
Interest Payments	158,951	160,225	160,225	
Bond Redemption	3,874	0	0	
Transfer To Construction Fund	0	7	6	
Total Expenditures	$	247,825	$	245,232	$	245,231	
				
Excess/ (Shortfall)	$	-	$	5,447	$	5,447	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$208,210	
$5,447	
$213,657	

Notes
Reserve Fund Balance = $123,900*. Revenue Fund Balance = $89,757* Revenue Fund To Be Used To Fund 12/15/22 Interest Payment Of $78,838. 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 9/30/22 =	June 2050

$4,195,000	June 15th & December 15th	

II

AMENDED FINAL BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2022
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	0	7	5	
NAV Assessment Collection	0	0	0	
Bond Proceeds	0	610,172	610,172	
				
Total Revenues	$	-	$	610,179	$	610,177	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	0	0	
Bond Redemption	0	0	0	
Transfer To Construction Fund	0	7	5	
Total Expenditures	$	-	$	7	$	5	
				
Excess/ (Shortfall)	$	-	$	610,172	$	610,172	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$0	
$610,172	
$610,172	

Notes
Reserve Fund Balance = $610,172*. Revenue Fund Balance = $0* December 2022 Interest Payment For $537,707 To Be Developer Funded.
Capital Projects Debt Proceeds = $17,124,828. Total Bond Proceeds = $17,735,000. FY 2021/2022 Cost Of Issuance = $568,150.
Fiscal Year 2021/2022 Capital Outlays = $16,556,290.
* Approximate Amounts

Series 2022 Bond Information

Original Par Amount =	$17,735,000	Annual Principal Payments Due:	
Interest Rate =	4.8% - 5.625%	June 15th	
Issue Date =	May 2022	Annual Interest Payments Due:	
Maturity Date =	June 2052	June 15th & December 15th	

Par Amount As Of 9/30/22 =	
$17,735,000		

10/13/2022 4:00 PM	
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