Winston Trails (East) Community Development District

Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

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 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2021/2022
BUDGET	
O & M Assessments	60,867	
Debt Assessments	239,932	
Other Revenues	0	
Interest Income	120	
		
TOTAL REVENUES	$	300,919	
		
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	3,400	
Insurance	6,000	
Legal Advertisements	1,000	
Miscellaneous	725	
Postage	225	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	2,000	
Contingency	6,540	
		
TOTAL EXPENDITURES	$	57,335	
		
REVENUES LESS EXPENDITURES	$	243,584	
		
Payment To Trustee	(225,536)	
		
BALANCE	$	18,048	
		
County Appraiser & Tax Collector Fee	(6,016)	
Discounts For Early Payments	(12,032)	
		
EXCESS/ (SHORTFALL)	$	0	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	0	

DETAILED FINAL BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2019/2020
ACTUAL	
FISCAL YEAR 2020/2021
BUDGET	
FISCAL YEAR 2021/2022
BUDGET	

COMMENTS	
O & M Assessments	61,552	63,670	60,867	Expenditures Less Interest & Carryover/.94	
Debt Assessments	239,793	237,371	239,932	Payment To Trustee/.94	
Other Revenues	0	0	0		
Interest Income	126	120	120	Projected At $10.00 Per Month	
					
TOTAL REVENUES	$	301,471	$	301,161	$	300,919		
					
EXPENDITURES					
Supervisor Fees	3,000	4,000	4,000	No Change From 2020/2021 Budget	
Payroll Taxes (Employer)	230	320	320	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	2,343	2,500	2,500	No Change From 2020/2021 Budget	
Management	18,000	18,000	18,000	As Per Contract	
Legal	1,933	2,000	2,000	No Change From 2020/2021 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,200	3,300	3,400	Accepted Amount For 2020/2021 Audit	
Insurance	5,251	6,000	6,000	Insurance Estimate	
Legal Advertisements	1,359	1,000	1,000	No Change From 2020/2021 Budget	
Miscellaneous	313	750	725	$25 Decrease From 2020/2021 Budget	
Postage	54	250	225	$25 Decrease From 2020/2021 Budget	
Office Supplies	214	375	350	$25 Decrease From 2020/2021 Budget	
Dues & Subscriptions	175	175	175	No Change From 2020/2021 Budget	
Trustee Fee	5,099	5,100	5,100	No Change From 2020/2021 Budget	
Website Management	2,000	2,000	2,000	No Change From 2020/2021 Budget	
Contingency	0	9,200	6,540	Contingency	
					
TOTAL EXPENDITURES	$	48,171	$	59,970	$	57,335		
					
REVENUES LESS EXPENDITURES	$	253,300	$	241,191	$	243,584		
					
Payment To Trustee	(228,562)	(223,129)	(225,536)	2022 Principal & Interest Payments Less Interest	
					
BALANCE	$	24,738	$	18,062	$	18,048		
					
County Appraiser & Tax Collector Fee	(1,982)	(6,021)	(6,016)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,224)	(12,041)	(12,032)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	11,532	$	-	$	0		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	11,532	$	-	$	0		

DETAILED FINAL DEBT SERVICE FUND BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	

Interest Income	
943	
250	
25	
Projected Interest For FY 2021/2022	

NAV Tax Collection	
228,562	
223,129	
225,631	

2022 Principal & Interest Payments Less Interest	

Total Revenues	
$	229,505	
$	223,379	
$	225,656		

EXPENDITURES					

Principal Payments	
150,000	
155,000	
165,000	
Principal Payment Due In 2022	

Interest Payments	
79,607	
68,379	
60,656	
Interest Payments Due In 2022	

Total Expenditures	
$	229,607	
$	223,379	
$	225,656		

Excess/ (Shortfall)	
$	(102)	
$	-	
$	-		

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 1/1/21 =	May 2028

$1,495,000			

WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2018/2019	2019/2020	2020/2021	2021/2022
 	Assessment*	     	Assessment*	Projected Assessment*	Projected Assessment*	

Administrative For Fifty Foot Lots	$	126.76	$	118.92	$	122.92	$	117.51	
Debt For Fifty Foot Lots	$	356.48	$	362.01	$	357.87	$	361.74	
Total	$	483.24	$	480.93	$	480.79	$	479.25	
Administrative For Sixty Four Foot Lots	$	126.76	$	118.92	$	122.92	$	117.51	
Debt For Sixty Four Foot Lots	$	456.30	$	463.37	$	458.08	$	463.02	
Total	$	583.06	$	582.29	$	581.00	$	580.53	
Administrative For Sixty Five Foot Lots	$	126.76	$	118.92	$	122.92	$	117.51	
Debt For Sixty Five Foot Lots	$	463.43	$	470.61	$	465.24	$	470.26	
Total	$	590.19	$	589.53	$	588.16	$	587.77	
Administrative For Seventy Foot Lots	$	126.76	$	118.92	$	122.92	$	117.51	
Debt For Seventy Foot Lots	$	499.08	$	506.82	$	501.03	$	506.43	
Total	$	625.84	$	625.74	$	623.95	$	623.94	

* 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.