Winston Trails (East) Community Development District

Proposed Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020
BUDGET	
O & M Assessments	61,597	
Debt Assessments	240,115	
Other Revenues	0	
Interest Income	120	
		
TOTAL REVENUES	$	301,832	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering/Inspections	2,500	
Management	18,000	
Legal	2,000	
Assessment Roll	5,000	
Audit Fees	3,600	
Insurance	6,356	
Legal Advertisements	1,000	
Miscellaneous	750	
Postage	275	
Office Supplies	375	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	2,000	
Contingency	6,570	
		
TOTAL EXPENDITURES	$	58,021	
		
REVENUES LESS EXPENDITURES	$	243,811	
		
Payment To Trustee	(225,708)	
		
BALANCE	$	18,103	
		
County Appraiser & Tax Collector Fee	(6,034)	
Discounts For Early Payments	(12,069)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018
ACTUAL	
FISCAL YEAR 2018/2019
BUDGET	
FISCAL YEAR 2019/2020
BUDGET	

COMMENTS	
O & M Assessments	64,338	65,660	61,597	Expenditures Less Interest & Carryover/.94	
Debt Assessments	238,740	236,904	240,115	Payment To Trustee/.94	
Other Revenues	0	0	0		
Interest Income	143	120	120	Projected At $10.00 Per Month	
					
TOTAL REVENUES	$	303,221	$	302,684	$	301,832		
					
EXPENDITURES					
Supervisor Fees	2,400	4,000	4,000	No Change From 2018/2019 Budget	
Payroll Taxes (Employer)	184	320	320	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	2,526	2,500	2,500	No Change From 2018/2019 Budget	
Management	18,000	18,000	18,000	As Per Contract	
Legal	1,321	2,500	2,000	$500 Decrease From 2018/2019 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,500	3,700	3,600	$100 Decrease From 2018/2019 Budget	
Insurance	5,778	6,356	6,356	Insurance Estimate	
Legal Advertisements	953	1,000	1,000	No Change From 2018/2019 Budget	
Miscellaneous	258	750	750	No Change From 2018/2019 Budget	
Postage	59	300	275	$25 Decrease From 2018/2019 Budget	
Office Supplies	221	400	375	$25 Decrease From 2018/2019 Budget	
Dues & Subscriptions	175	175	175	No Change From 2017/2018 Budget	
Trustee Fee	4,636	5,100	5,100	Trustee (US Bank) Increased Fees In 2018/2019	
Website Management	1,500	1,500	2,000	$500 Increase From 2018/2019 Budget	
Contingency	0	10,240	6,570	Contingency	
					
TOTAL EXPENDITURES	$	46,511	$	61,841	$	58,021		
					
REVENUES LESS EXPENDITURES	$	256,710	$	240,843	$	243,811		
					
Payment To Trustee	(227,352)	(222,690)	(225,708)	2020 Principal & Interest Payments Less Interest	
					
BALANCE	$	29,358	$	18,153	$	18,103		
					
County Appraiser & Tax Collector Fee	(2,066)	(6,051)	(6,034)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,471)	(12,102)	(12,069)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	15,821	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	15,821	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
1,356	
50	
250	
Projected Interest For FY 2019/2020	

NAV Tax Collection	
227,352	
222,690	
225,708	

2020 Principal & Interest Payments Less Interest	

Prepaid Bond Collection	
3,438	
0	
0		

Total Revenues	
$	232,146	
$	222,740	
$	225,958		

EXPENDITURES					

Principal Payments	
135,000	
140,000	
150,000	
Principal Payment Due In 2020	

Interest Payments	
92,661	
82,740	
75,958	
Interest Payments Due In 2020	

Total Expenditures	
$	227,661	
$	222,740	
$	225,958		

Excess/ (Shortfall)	
$	4,485	
$	-	
$	-		

Series 2008 Refunding Bonds Information

Original Par Amount =	$2,890,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.76%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	September 2008			
Maturity Date =

Par Amount As Of 1/1/19 =	May 2028

$1,785,000			

WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2016/2017	2017/2018	2018/2019	2019/2020	
 	Assessment*		 	Assessment*		 	Assessment*		 	Projected Assessment*		

Administrative For Fifty Foot Lots	$	121.91	$	124.13	$	126.76	$	118.92	
Debt For Fifty Foot Lots	$	361.38	$	359.14	$	356.48	$	362.01	
Total	$	483.29	$	483.27	$	483.24	$	480.93	
Administrative For Sixty Four Foot Lots	$	121.91	$	124.13	$	126.76	$	118.92	
Debt For Sixty Four Foot Lots	$	462.56	$	459.70	$	456.30	$	463.37	
Total	$	584.47	$	583.83	$	583.06	$	582.29	
Administrative For Sixty Five Foot Lots	$	121.91	$	124.13	$	126.76	$	118.92	
Debt For Sixty Five Foot Lots	$	469.79	$	466.89	$	463.43	$	470.61	
Total	$	591.70	$	591.02	$	590.19	$	589.53	
Administrative For Seventy Foot Lots	$	121.91	$	124.13	$	126.76	$	118.92	
Debt For Seventy Foot Lots	$	505.93	$	502.80	$	499.08	$	506.82	
Total	$	627.84	$	626.93	$	625.84	$	625.74	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:	
Fifty Foot Lots	98	64 Foot Lots Information		
Sixty Four Foot Lots	112	Total Units	112	
Sixty Five Foot Lots	80	Prepayments	1	
Seventy Foot Homes	228	Billed For Debt	111	
Total Units	518			
Includes 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% Discount for early payment of taxes.

3/1/2019 1:29 PM	IV