Coco Palms Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2016 III	AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2019

AMENDED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Administrative Assessments	74,784	75,834	75,834	
Maintenance Assessments	37,553	37,553	37,553	
Debt Assessments	696,804	696,804	696,804	
Other Revenues	0	16,523	16,523	
Interest Income	240	490	480	
				
TOTAL REVENUES	$	809,381	$	827,204	$	827,194	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Management	30,312	30,312	30,312	
Legal	12,000	13,000	11,758	
Legal - Extraordinary	0	16,311	16,311	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,400	3,400	3,400	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,200	5,000	5,000	
Legal Advertisements	1,300	1,300	876	
Miscellaneous	1,500	1,000	241	
Postage	700	330	315	
Office Supplies	800	775	745	
Dues & Subscriptions	175	175	175	
Trustee Fees	3,500	3,500	3,500	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	1,500	1,500	1,500	
				
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,537	$	85,753	$	83,283	
				
MAINTENANCE EXPENDITURES				
Annual Engineer's Report/Inspections/Field Ops Mgt	2,200	2,750	1,250	
Lawn & Landscape Tract Maintenance	5,000	100	0	
Entrance Feature Maintenance	3,600	100	0	
Irrigation System Maintenance/Upkeep	2,400	100	0	
Roadway/Drainage System Maintenance/Upkeep	3,600	100	0	
Common Driveway Maintenance/Upkeep	19,620	100	0	
Fountain Maintenance/Upkeep	4,000	100	0	
FP&L Power/Utility	6,000	100	0	
Lake - Aquatic Maintenance	3,600	3,600	2,976	
Miscellaneous Maintenance	4,900	1,000	0	
				
TOTAL MAINTENANCE EXPENDITURES	$	54,920	$	8,050	$	4,226	
				
TOTAL EXPENDITURES	$	125,457	$	93,803	$	87,509	
				
REVENUES LESS EXPENDITURES	$	683,924	$	733,401	$	739,685	
				
Bond Payments - 2016	(654,996)	(664,026)	(664,026)	
				
BALANCE	$	28,928	$	69,375	$	75,659	
				
County Appraiser & Tax Collector Fee	(16,182)	(7,794)	(7,794)	
Discounts For Early Payments	(32,366)	(30,273)	(30,273)	
				
EXCESS/ (SHORTFALL)	$	(19,620)	$	31,308	$	37,592	
				
Carryover From Prior Year	19,620	19,620	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	50,928	$	37,592	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$88,513	
$31,308	
$119,821	

Note
$19,620 Of Fund Balance Used To Reduce 2018/2019 Assessments.

10/9/2019  8:01 AM	I

AMENDED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2016
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	500	13,850	13,800	
NAV Tax Collection	654,996	664,026	664,026	
Total Revenues	$	655,496	$	677,876	$	677,826	
				
EXPENDITURES				
Principal Payments	185,000	185,000	185,000	
Interest Payments	468,331	471,800	471,800	
Bond Redemption	2,165	0	0	
Transfer To Construction Fund	0	11,000	9,763	
Total Expenditures	$	655,496	$	667,800	$	666,563	
				
Excess/ (Shortfall)	$	-	$	10,076	$	11,263	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$601,104	
$10,076	
$611,180	

Notes
Reserve Fund Balance = $330,516*. Revenue Fund Balance = $280,664*
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $232,431.
* Approximate Amounts

Series 2016 Bond Information
Original Par Amount =	$10,355,000	Annual Principal Payments Due:	
Interest Rate =	3.75% - 5.00%	May 1st	
Issue Date =	March 2016	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	May 2046

$9,825,000	May 1st & November 1st	

10/9/2019 8:01 AM	II

AMENDED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	0	2,375	2,371	
NAV Assessment Collection	0	0	0	
Debt Service Fund Bond Proceeds	0	275,839	275,839	
Payment By Developer	0	0	0	
				
Total Revenues	$	-	$	278,214	$	278,210	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	87,840	87,840	
Bond Redemption	0	0	0	
Total Expenditures	$	-	$	87,840	$	87,840	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$0	
$190,374	
$190,374	

Notes
Reserve Fund Balance = $189,772*. Interest Fund Balance = $602*
Developer Funding Fund Balance To Used To Make 12/15/2019 Interest Payment Of $138,694.
Capital Projects Fund Proceeds = $5,348,978*
Fiscal Year 2018/2019 Capital Outlays = $1,349,076*
Fiscal Year 2018/2019 Cost Of Issuance Expenditures = $297,800*
* Approximate Amounts

Series 2019 Bond Information
Original Par Amount =	$5,915,000	Annual Principal Payments Due:	
Interest Rate =	3.5% - 5.0%	June 15th	
Issue Date =	February 2019	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	June 2049

$5,915,000	June 15th & December 15th	

10/9/2019 8:01 AM	III