Winston Trails (East) Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	63,670	63,848	63,848	
Debt Assessments	237,371	237,862	237,862	
Other Revenues	0	0	0	
Interest Income	120	155	155	
				
TOTAL REVENUES	$	301,161	$	301,865	$	301,865	
				
EXPENDITURES				
Supervisor Fees	4,000	2,800	2,800	
Payroll Taxes (Employer)	320	214	214	
Engineering/Inspections	2,500	2,500	2,030	
Management	18,000	18,000	18,000	
Legal	2,000	1,500	745	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,300	3,300	3,300	
Insurance	6,000	5,513	5,513	
Legal Advertisements	1,000	1,000	784	
Miscellaneous	750	550	365	
Postage	250	65	60	
Office Supplies	375	225	190	
Dues & Subscriptions	175	175	175	
Trustee Fee	5,100	5,100	5,100	
Website Management	2,000	2,000	2,000	
Contingency	9,200	4,600	0	
				
TOTAL EXPENDITURES	$	59,970	$	52,542	$	46,276	
				
REVENUES LESS EXPENDITURES	$	241,191	$	249,323	$	255,589	
				
Bond Payments	(223,129)	(226,633)	(226,633)	
				
BALANCE	$	18,062	$	22,690	$	28,956	
				
County Appraiser & Tax Collector Fee	(6,021)	(3,799)	(3,799)	
Discounts For Early Payments	(12,041)	(11,360)	(11,360)	
				
EXCESS/ (SHORTFALL)	$	-	$	7,531	$	13,797	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	7,531	$	13,797	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$98,623	
$7,531	
$106,154	

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

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	250	7	7	
NAV Tax Collection	223,129	226,633	226,633	
				
Total Revenues	$	223,379	$	226,640	$	226,640	
				
EXPENDITURES				
Principal Payments	155,000	155,000	155,000	
Interest Payments	68,379	72,150	72,150	
				
Total Expenditures	$	223,379	$	227,150	$	227,150	
				
Excess/ (Shortfall)	$	-	$	(510)	$	(510)	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$89,986	
($510)	
$89,476	

Notes
Reserve Fund Balance = $22,784*. Revenue Fund Balance = $63,159*. Redemption Account Balance = $3,533*
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $32,601.
* 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 9/30/21 =	$1,340,000