Palm Beach Plantation Community Development District

Transcription

1 Palm Beach Plantation Community Development District Final Budget For Fiscal Year 2012/2013

2 CONTENTS I II III IV V FINAL OPERATING FUND BUDGET FINAL DEBT SERVICE FUND BUDGET ASSESSMENT COMPARISON DETAILED FINAL OPERATING FUND BUDGET DETAILED FINAL DEBT SERVICE FUND BUDGET

3 OPERATING FUND 2012/ /2013 REVENUES ANNUAL BUDGET Administrative Assessments 97,034 Debt Assessments 544,467 Other Revenues 0 Interest Income 120 TOTAL REVENUES $ 641,621 Supervisor Fees 6,000 Payroll Taxes 480 Maintenance/Contingency 6,000 Engineering/Inspections 2,500 Management 30,288 Secretarial 4,200 Legal 8,000 Assessment Roll 6,000 Audit Fees 4,100 Arbitrage Calculation Report Fee 1,575 Insurance 6,000 Legal Advertisements 1,250 Bank Service Charges 75 Miscellaneous 1,000 Postage 400 Office Supplies 600 Dues & Subscriptions 175 Trustee Fee 3,300 Continuing Disclosure Fee 2,500 County Appraiser & Tax Collector Fee 12,830 TOTAL $ 97,273 REVENUES LESS $ 544,348 Payment To Trustee (522,688) BALANCE $ 21,660 Discounts For Early Payments (25,660) EXCESS/SHORTFALL $ (4,000) Carryover From Prior Year 4,000 NET EXCESS/SHORTFALL $

4 DEBT SERVICE FUND 2012/ /2013 REVENUES ANNUAL BUDGET Interest Income 1,000 NAV Tax Collection 522,688 Total Revenues $ 523,688 Principal Payments 140,000 Interest Payments 392,188 Total Expenditures $ 532,188 Excess/Shortfall $ (8,500) Carryover From Prior Year $ 8,500 Net Excess/Shortfall $

5 Palm Beach Plantation Community Development District Assessment Comparison Fiscal Year Fiscal Year Fiscal Year Original Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2010/2011 Fiscal Year 2011/2012 Fiscal Year 2012/2013 Projected 2006/ / / / /2011 Assessment 2011/2012 Projected Assessment 2012/2013 Projected Assessment Assessment* Assessment* Assessment* Assessment* Assessment* Assessment* With 4% Discount Projected Assessment* With 4% Discount Projected Assessment* With 4% Discount Administrative For Lot Size 45 $ $ $ $ $ $ $ $ $ $ $ Debt For Lot Size 45 $ $ $ $ $ $ $ $ $ $ $ Total $ 1, $ 1, $ $ $ $ $ $ 1, $ $ 1, $ Administrative For Lot Sizes $ $ $ $ $ $ $ $ $ $ $ Debt For Lot Size $ $ $ $ $ $ $ $ $ $ $ Total $ 1, $ 1, $ 1, $ 1, $ 1, $ 1, $ 1, $ 1, $ 1, $ 1, $ 1, *Includes 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% discount for early payment of taxes. Notes: There are 600 units in the Palm Beach Plantation Community Development District. There are 326 Forty Five Foot Lots and 274 Sixty Five and Seventy Foot Lots. One Lot Size 45 Homeowner has prepaid their Bond. Thus only 325 Lot Size 45 units are billed for Debt Assessment.

6 OPERATING FUND 2012/ / / /2013 REVENUES ACTUAL ANNUAL BUDGET ANNUAL BUDGET COMMENTS Administrative Assessments 53,208 88,875 97,034 Expenditures Less Interest & Carryover Balance/.96 Debt Assessments 555, , ,467 Payment To Trustee/.96 Other Revenues Interest Income Projected At $10 Per Month TOTAL REVENUES $ 609,013 $ 643,748 $ 641,621 Supervisor Fees 5,400 6,000 6,000 No Change From 2011/2012 Budget Payroll Taxes Projected At 8 Percent Of Supervisor Fees Maintenance/Contingency 8,846 6,000 6,000 No Change From 2011/2012 Budget Engineering/Inspections 8,992 2,500 2,500 No Change From 2011/2012 Budget Management 28,980 29,412 30,288 Includes Inflation Increase (Based On Consumer Price Index) Secretarial 4,200 4,200 4,200 No Change From 2011/2012 Budget Legal 8,113 7,000 8,000 $1,000 Increase From 2011/2012 Budget Assessment Roll 6,000 6,000 6,000 As Per Contract Audit Fees 3,950 4,100 4,100 No Change From 2011/2012 Budget Arbitrage Calculation Report Fee 1,575 1,575 1,575 No Change From 2011/2012 Budget Insurance 5,500 6,000 6,000 FY 2011/2012 Expenditure Was $5,750 Legal Advertisements 1,362 1,250 1,250 No Change From 2011/2012 Budget Bank Service Charges No Change From 2011/2012 Budget Miscellaneous 1,103 1,000 1,000 No Change From 2011/2012 Budget Postage $100 Increase From 2011/2012 Budget Office Supplies $100 Increase From 2011/2012 Budget Dues & Subscriptions No Change From 2011/2012 Budget Trustee Fee 3,232 3,500 3,300 $200 Decrease From 2011/2012 Budget Continuing Disclosure Fee 2,500 2,500 2,500 No Change From 2011/2012 Budget County Appraiser & Tax Collector Fee 2,327 12,873 12,830 Two Percent Of Total Tax Roll TOTAL $ 94,262 $ 95,440 $ 97,273 REVENUES LESS $ 514,751 $ 548,308 $ 544,348 Payment To Trustee (535,531) (532,563) (522,688) 2013 Principal & Interest Payments Less Interest BALANCE $ (20,780) $ 15,745 $ 21,660 Discounts For Early Payments (22,088) (25,745) (25,660) Four Percent Of Total Tax Roll EXCESS/SHORTFALL $ (42,868) $ (10,000) $ (4,000) Carryover From Prior Year 0 10,000 4,000 Carryover Balance From Prior Year NET EXCESS/SHORTFALL $ (42,868) $ $

7 DEBT SERVICE FUND 2012/ / /2013 REVENUES ANNUAL BUDGET ANNUAL BUDGET COMMENTS Interest Income 1,500 1,000 Projected Interest For FY 2012/2013 NAV Tax Collection 532, , Principal & Interest Payments Less Interest Total Revenues $ 534,063 $ 523,688 Principal Payments 130, ,000 Principal Payment Due In 2013 Interest Payments 404, ,188 Interest Payments Due In 2013 Total Expenditures $ 534,063 $ 532,188 Excess/Shortfall $ $ (8,500) Carryover From Prior Year $ $ 8,500 Carryover From Prior Year Net Excess/Shortfall $ $