Coco Palms 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 - SERIES 2016

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2019

AMENDED FINAL BUDGET
COCO PALMS 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	84,607	85,075	85,075	
Maintenance Assessments	66,723	66,723	66,723	
Debt Assessments (2016)	695,856	695,856	695,856	
Debt Assessments (2019)	400,000	400,000	400,000	
Other Revenues - Cost Share	0	9,800	9,800	
Interest Income	360	40	38	
				
TOTAL REVENUES	$	1,247,546	$	1,257,494	$	1,257,492	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Management	32,016	32,016	32,016	
Legal	12,000	10,000	9,083	
Assessment Roll	7,800	7,800	7,800	
Audit Fees	4,600	4,600	4,600	
Arbitrage Rebate Fee	1,300	1,300	1,300	
Insurance	6,400	5,843	5,843	
Legal Advertisements	1,200	950	560	
Miscellaneous	1,300	650	215	
Postage	625	125	112	
Office Supplies	775	450	429	
Dues & Subscriptions	175	175	175	
Trustee Fees	7,000	7,000	7,000	
Continuing Disclosure Fee	1,500	1,000	1,000	
Website Management	2,000	2,000	2,000	
Administrative Contingency	1,200	600	0	
				
TOTAL ADMINISTRATIVE EXPENDITURES	$	79,891	$	74,509	$	72,133	
				
MAINTENANCE EXPENDITURES				
Annual Engineer's Report/Inspections	1,800	3,200	2,795	
Field Operations Management	1,200	1,200	1,200	
Lawn & Landscape Tract Maintenance	13,000	26,500	25,805	
Entrance Feature Maintenance	2,000	8,321	8,321	
Irrigation System Maintenance/Upkeep	2,000	500	0	
Irrigation System - Water	5,000	500	0	
Roadway/Drainage System Maintenance/Upkeep	5,600	500	0	
Common Driveway Maintenance/Upkeep	14,000	500	0	
Fountain Maintenance/Upkeep	5,000	500	0	
FP&L Power/Utility	6,000	12,133	12,133	
Lake - Aquatic Maintenance	4,200	3,354	3,354	
Miscellaneous Maintenance	2,920	15,000	13,759	
Storm Drain Cleaning	0	9,185	9,185	
				
TOTAL MAINTENANCE EXPENDITURES	$	62,720	$	81,393	$	76,552	
				
TOTAL EXPENDITURES	$	142,611	$	155,902	$	148,685	
				
REVENUES LESS EXPENDITURES	$	1,104,935	$	1,101,592	$	1,108,807	
				
Bond Payments - 2016	(654,105)	(662,483)	(662,483)	
Bond Payments - 2019	(376,000)	(380,816)	(380,816)	
				
BALANCE	$	74,830	$	58,293	$	65,508	
				
County Appraiser & Tax Collector Fee	(24,943)	(11,998)	(11,998)	
Discounts For Early Payments	(49,887)	(47,822)	(47,822)	
				
EXCESS/ (SHORTFALL)	$	-	$	(1,527)	$	5,688	
				
Carryover From Prior Year			0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(1,527)	$	5,688	

FUND BALANCE AS OF 9/30/21	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$159,690	
($1,527)	
$158,163	

I

AMENDED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2016
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	2,808	1,717	
Transfer From Construction Account	0	2,340	2,340	
NAV Tax Collection	654,105	662,483	662,483	
Total Revenues	$	654,130	$	667,631	$	666,540	
				
EXPENDITURES				
Principal Payments	205,000	205,000	205,000	
Interest Payments	446,394	449,738	449,738	
Bond Redemption	2,736	0	0	
Total Expenditures	$	654,130	$	654,738	$	654,738	
				
Excess/ (Shortfall)	$	-	$	12,893	$	11,802	

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

$635,838	
$12,893	
$648,731	

Notes
Reserve Fund Balance = $328,717*. Revenue Fund Balance = $314,541* Prepayment Fund Balance = $5,473*
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $221,025.
* 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 9/30/22 =	May 2046

$9,220,000	May 1st & November 1st	

II

AMENDED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
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	1,580	948	
NAV Assessment Collection	376,000	380,816	380,816	
Total Revenues	$	376,025	$	382,396	$	381,764	
				
EXPENDITURES				
Principal Payments	105,000	105,000	105,000	
Interest Payments	268,359	270,263	270,263	
Bond Redemption	2,666	0	0	

Total Expenditures	
$	376,025	
$	375,263	
$	375,263	

Excess/ (Shortfall)	
$	-	
$	7,133	
$	6,501	

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

$367,764	
$7,133	
$374,897	

Notes
Reserve Fund Balance = $188,704*. Revenue Fund Balance = $186,193* Revenue Fund To Be Used To Make 12/15/2022 Interest Payment Of $133,228.
* 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 9/30/22 =	June 2049

$5,610,000	June 15th & December 15th	

III