Winston Trails (East) Community Development District

Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021
BUDGET	
O & M Assessments	63,670	
Debt Assessments	237,371	
Other Revenues	0	
Interest Income	120	
		
TOTAL REVENUES	$	301,161	
		
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	3,300	
Insurance	6,000	
Legal Advertisements	1,000	
Miscellaneous	750	
Postage	250	
Office Supplies	375	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	2,000	
Contingency	9,200	
		
TOTAL EXPENDITURES	$	59,970	
		
REVENUES LESS EXPENDITURES	$	241,191	
		
Payment To Trustee	(223,129)	
		
BALANCE	$	18,062	
		
County Appraiser & Tax Collector Fee	(6,021)	
Discounts For Early Payments	(12,041)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019
ACTUAL	
FISCAL YEAR 2019/2020
BUDGET	
FISCAL YEAR 2020/2021
BUDGET	

COMMENTS	
O & M Assessments	65,744	61,597	63,670	Expenditures Less Interest & Carryover/.94	
Debt Assessments	236,528	240,115	237,371	Payment To Trustee/.94	
Other Revenues	0	0	0		
Interest Income	220	120	120	Projected At $10.00 Per Month	
					
TOTAL REVENUES	$	302,492	$	301,832	$	301,161		
					
EXPENDITURES					
Supervisor Fees	2,800	4,000	4,000	No Change From 2019/2020 Budget	
Payroll Taxes (Employer)	214	320	320	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	2,468	2,500	2,500	No Change From 2019/2020 Budget	
Management	18,000	18,000	18,000	As Per Contract	
Legal	2,200	2,000	2,000	No Change From 2019/2020 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,500	3,600	3,300	Accepted Amount For 2019/2020 Audit	
Insurance	5,000	6,356	6,000	Insurance Estimate	
Legal Advertisements	719	1,000	1,000	No Change From 2019/2020 Budget	
Miscellaneous	339	750	750	No Change From 2019/2020 Budget	
Postage	116	275	250	$25 Decrease From 2019/2020 Budget	
Office Supplies	460	375	375	No Change From 2019/2020 Budget	
Dues & Subscriptions	175	175	175	No Change From 2019/2020 Budget	
Trustee Fee	5,099	5,100	5,100	No Change From 2019/2020 Budget	
Website Management	1,500	2,000	2,000	No Change From 2019/2020 Budget	
Contingency	0	6,570	9,200	Contingency	
					
TOTAL EXPENDITURES	$	47,590	$	58,021	$	59,970		
					
REVENUES LESS EXPENDITURES	$	254,902	$	243,811	$	241,191		
					
Payment To Trustee	(225,458)	(225,708)	(223,129)	2021 Principal & Interest Payments Less Interest	
					
BALANCE	$	29,444	$	18,103	$	18,062		
					
County Appraiser & Tax Collector Fee	(1,952)	(6,034)	(6,021)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,266)	(12,069)	(12,041)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	16,226	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	16,226	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019 ACTUAL	FISCAL YEAR 2019/2020 BUDGET	FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	

Interest Income	
2,465	
250	
250	
Projected Interest For FY 2020/2021	

NAV Tax Collection	
225,458	
225,708	
223,129	

2021 Principal & Interest Payments Less Interest	

Total Revenues	
$	227,923	
$	225,958	
$	223,379		

EXPENDITURES					

Principal Payments	
140,000	
150,000	
155,000	
Principal Payment Due In 2021	

Interest Payments	
86,146	
75,958	
68,379	
Interest Payments Due In 2021	

Total Expenditures	
$	226,146	
$	225,958	
$	223,379		

Excess/ (Shortfall)	
$	1,777	
$	-	
$	-		

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 1/1/20 =	May 2028

$1,645,000			

WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2017/2018	2018/2019	2019/2020	2020/2021	
 	Assessment*		 	Assessment*		 	Assessment*		 	Projected Assessment*		

Administrative For Fifty Foot Lots	$	124.13	$	126.76	$	118.92	$	122.92	
Debt For Fifty Foot Lots	$	359.14	$	356.48	$	362.01	$	357.87	
Total	$	483.27	$	483.24	$	480.93	$	480.79	
Administrative For Sixty Four Foot Lots	$	124.13	$	126.76	$	118.92	$	122.92	
Debt For Sixty Four Foot Lots	$	459.70	$	456.30	$	463.37	$	458.08	
Total	$	583.83	$	583.06	$	582.29	$	581.00	
Administrative For Sixty Five Foot Lots	$	124.13	$	126.76	$	118.92	$	122.92	
Debt For Sixty Five Foot Lots	$	466.89	$	463.43	$	470.61	$	465.24	
Total	$	591.02	$	590.19	$	589.53	$	588.16	
Administrative For Seventy Foot Lots	$	124.13	$	126.76	$	118.92	$	122.92	
Debt For Seventy Foot Lots	$	502.80	$	499.08	$	506.82	$	501.03	
Total	$	626.93	$	625.84	$	625.74	$	623.95	

* 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.

5/29/2020 2:18 PM	IV