Winston Trails (East) Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	61,597	61,552	61,552	
Debt Assessments	240,115	239,793	239,793	
Other Revenues	0	0	0	
Interest Income	120	127	127	
				
TOTAL REVENUES	$	301,832	$	301,472	$	301,472	
				
EXPENDITURES				
Supervisor Fees	4,000	3,000	3,000	
Payroll Taxes (Employer)	320	230	230	
Engineering/Inspections	2,500	3,000	2,343	
Management	18,000	18,000	18,000	
Legal	2,000	1,933	1,933	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,600	3,200	3,200	
Insurance	6,356	5,251	5,251	
Legal Advertisements	1,000	1,700	1,359	
Miscellaneous	750	550	313	
Postage	275	60	54	
Office Supplies	375	235	214	
Dues & Subscriptions	175	175	175	
Trustee Fee	5,100	5,099	5,099	
Website Management	2,000	2,000	2,000	
Contingency	6,570	3,500	0	
				
TOTAL EXPENDITURES	$	58,021	$	52,933	$	48,171	
				
REVENUES LESS EXPENDITURES	$	243,811	$	248,539	$	253,301	
				
Bond Payments	(225,708)	(228,562)	(228,562)	
				
BALANCE	$	18,103	$	19,977	$	24,739	
				
County Appraiser & Tax Collector Fee	(6,034)	(3,808)	(3,808)	
Discounts For Early Payments	(12,069)	(11,224)	(11,224)	
				
EXCESS/ (SHORTFALL)	$	-	$	4,945	$	9,707	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	4,945	$	9,707	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$87,091	
$4,945	
$92,036	

.

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

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	250	944	942	
NAV Tax Collection	225,708	228,562	228,562	
				
Total Revenues	$	225,958	$	229,506	$	229,504	
				
EXPENDITURES				
Principal Payments	150,000	150,000	150,000	
Interest Payments	75,958	79,607	79,607	
				
Total Expenditures	$	225,958	$	229,607	$	229,607	
				
Excess/ (Shortfall)	$	-	$	(101)	$	(103)	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$90,087	
($101)	
$89,986	

Notes
Reserve Fund Balance = $22,784*. Revenue Fund Balance = $67,202*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $36,372.
* Approximate Amounts

Series 2008 Refunding Bond Information		
Original Par Amount =	$2,890,000	Annual Principal Payments Due:	
Interest Rate =	4.76%	May 1st	
Issue Date =	September 2008	Annual Interest Payments Due:	
Maturity Date =	May 2028	May 1st & November 1st	
Par Amount As Of 9/30/20 =	$1,495,000