Winston Trails (East) Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

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 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
O & M Assessments	58,670	
Debt Assessments	241,940	
Other Revenues	0	
Interest Income	120	
		
TOTAL REVENUES	$	300,731	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering/Inspections	2,500	
Management	18,000	
Legal	1,800	
Assessment Roll	5,000	
Audit Fees	3,500	
Insurance	6,000	
Legal Advertisements	1,000	
Miscellaneous	700	
Postage	200	
Office Supplies	325	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	2,000	
Contingency	4,650	
		
TOTAL EXPENDITURES	$	55,270	
		
REVENUES LESS EXPENDITURES	$	245,461	
		
Payment To Trustee	(227,424)	
		
BALANCE	$	18,036	
		
County Appraiser & Tax Collector Fee	(6,012)	
Discounts For Early Payments	(12,024)	
		
EXCESS/ (SHORTFALL)	$	(0)	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	(0)	

DETAILED FINAL BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021
ACTUAL	
FISCAL YEAR 2021/2022
BUDGET	
FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
O & M Assessments	63,848	60,867	58,670	Expenditures Less Interest & Carryover/.94	
Debt Assessments	237,862	239,932	241,940	Payment To Trustee/.94	
Other Revenues	0	0	0		
Interest Income	155	120	120	Projected At $10.00 Per Month	
					
TOTAL REVENUES	$	301,865	$	300,919	$	300,731		
					
EXPENDITURES					
Supervisor Fees	2,800	4,000	4,000	No Change From 2021/2022 Budget	
Payroll Taxes (Employer)	214	320	320	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	2,168	2,500	2,500	No Change From 2021/2022 Budget	
Management	18,000	18,000	18,000	As Per Contract	
Legal	745	2,000	1,800	$200 Decrease From 2021/2022 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,300	3,400	3,500	Accepted Amount For 2021/2022 Audit	
Insurance	5,513	6,000	6,000	Insurance Estimate	
Legal Advertisements	784	1,000	1,000	No Change From 2021/2022 Budget	
Miscellaneous	394	725	700	$25 Decrease From 2021/2022 Budget	
Postage	60	225	200	$25 Decrease From 2021/2022 Budget	
Office Supplies	190	350	325	$25 Decrease From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fee	5,100	5,100	5,100	No Change From 2021/2022 Budget	
Website Management	2,000	2,000	2,000	No Change From 2021/2022 Budget	
Contingency	0	6,540	4,650	Contingency	
					
TOTAL EXPENDITURES	$	46,443	$	57,335	$	55,270		
					
REVENUES LESS EXPENDITURES	$	255,422	$	243,584	$	245,461		
					
Payment To Trustee	(226,633)	(225,536)	(227,424)	2023 Principal & Interest Payments Less Interest	
					
BALANCE	$	28,789	$	18,048	$	18,036		
					
County Appraiser & Tax Collector Fee	(2,282)	(6,016)	(6,012)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,360)	(12,032)	(12,024)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	15,147	$	0	$	(0)		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	15,147	$	0	$	(0)		

DETAILED FINAL DEBT SERVICE FUND BUDGET
WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
8	
25	
25	
Projected Interest For FY 2022/2023	

NAV Tax Collection	
226,633	
225,631	
227,424	

2023 Principal & Interest Payments Less Interest	

Total Revenues	
$	226,641	
$	225,656	
$	227,449		

EXPENDITURES					

Principal Payments	
155,000	
165,000	
175,000	
Principal Payment Due In 2023	

Interest Payments	
72,150	
60,656	
52,449	
Interest Payments Due In 2023	

Total Expenditures	
$	227,150	
$	225,656	
$	227,449		

Excess/ (Shortfall)	
$	(510)	
$	-	
$	-		

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 1/1/22 =	May 2028

$1,340,000			

WINSTON TRAILS (EAST) COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2019/2020	2020/2021	2021/2022	2022/2023	
	Assessment*			Assessment*			Assessment*			Projected Assessment*		

Administrative For Fifty Foot Lots	$	118.92	$	122.92	$	117.51	$	113.27	
Debt For Fifty Foot Lots	$	362.01	$	357.87	$	361.74	$	364.76	
Total	$	480.93	$	480.79	$	479.25	$	478.03	
Administrative For Sixty Four Foot Lots	$	118.92	$	122.92	$	117.51	$	113.27	
Debt For Sixty Four Foot Lots	$	463.37	$	458.08	$	463.02	$	466.90	
Total	$	582.29	$	581.00	$	580.53	$	580.17	
Administrative For Sixty Five Foot Lots	$	118.92	$	122.92	$	117.51	$	113.27	
Debt For Sixty Five Foot Lots	$	470.61	$	465.24	$	470.26	$	474.19	
Total	$	589.53	$	588.16	$	587.77	$	587.46	
Administrative For Seventy Foot Lots	$	118.92	$	122.92	$	117.51	$	113.27	
Debt For Seventy Foot Lots	$	506.82	$	501.03	$	506.43	$	510.67	
Total	$	625.74	$	623.95	$	623.94	$	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.