West Villages Improvement District

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

WEST VILLAGES IMPROVEMT DISTRICT
FY 2020/2021 AMENDED FINAL BUDGET

TABLE OF CONTENTS

Budget Summary
All Units Comparison	1
Amended Final Operating Fund Budget - District Proper	2
Amended Final Operating Fund Budget - Unit 1	3
Amended Final Operating Fund Budget - Unit 2	4
Amended Final Operating Fund Budget - Unit 3	5
Amended Final Operating Fund Budget - Unit 4	6
Amended Final Operating Fund Budget - Unit 5	7
Amended Final Operating Fund Budget - Unit 7	8
Amended Final Operating Fund Budget - Unit 8	9
Debt Service
Amended Final Debt Service Fund Budget - Unit 1	10
Amended Final Debt Service Fund Budget - Unit 2	11
Amended Final Debt Service Fund Budget - Unit 3	12
Amended Final Debt Service Fund Budget - Unit 4	13
Amended Final Debt Service Fund Budget - Baseball Stadium Bonds	14
Amended Final Debt Service Fund Budget - Baseball Stadium Notes	15
Amended Final Debt Service Fund Budget - Unit 7 (Series 2019)	16
Amended Final Debt Service Fund Budget - Unit 7 (Series 2021)	17
Amended Final Debt Service Fund Budget - Unit 8 (Series 2021)	18

AMENDED FINAL BUDGET COMPARISON - ALL UNITS
WEST VILLAGES IMPROVEMENT DISTRICT

	FISCAL YEAR			FISCAL YEAR			FISCAL YEAR	
	2020/2021			2020/2021			2020/2021	
	ANNUAL BUDGET			AMENDED FINAL BUDGET			ACTUAL	
	10/1/20 - 9/30/21			10/1/20 - 9/30/21			10/1/20 - 9/29/21	
REVENUES											
O & M ASSESSMENTS			2,031,804			1,984,432			1,984,432	
O & M ASSESSMENTS - DIRECT BILL			437,645			342,978			342,978	
DEBT ASSESSMENTS			7,127,927			5,831,327			5,831,327	
DEBT DIRECT BILL			6,064,402			6,037,478			6,037,478	
INTEREST INCOME			1,000			7,353			7,353	
DEVELOPER CONTRIBUTION			0			79,647			79,647	
OTHER REVENUES			0			53,745			53,745	
OTHER REVENUES - IMPACT FEES REIMBURSEMENT			0			5,000,000			5,000,000	
OTHER REVENUES - EQUIP PURCHASE REIMBURSEMENT			0			1,444,792			1,406,827	
OTHER REVENUES - CAPITAL			0			4,222,243			3,044,058	
CARRY OVER FUNDS FROM PRIOR YEAR			0			0			0	
Total Revenues		$	15,662,778		$	25,003,995		$	23,787,845	

EXPENDITURES										
BASEBALL FACILITY EXPENSES			0			25,000			25,000	
INFRASTRUCTURE MAINTENANCE			1,561,000			1,810,499			1,421,346	
GIS PROJECT			100,000			85,000			72,984	
ENGINEERING			79,000			169,205			150,690	
MANAGEMENT			132,616			141,619			141,619	
OPERATIONS MANAGER			140,850			140,850			140,850	
LEGAL			160,000			151,974			124,685	
ASSESSMENT ROLL			15,000			15,000			15,000	
AUDIT FEES			24,000			24,419			24,419	
ARBITRAGE REBATE FEE			7,500			4,550			4,550	
RENTS & LEASES			15,000			14,400			14,400	
INSURANCE			35,000			40,754			40,754	
LEGAL ADVERTISING			15,000			15,000			12,967	
MISCELLANEOUS			22,475			11,650			6,760	
POSTAGE			1,000			1,070			1,062	
OFFICE SUPPLIES			8,000			1,100			1,054	
DUES & SUBSCRIPTIONS			0			175			175	
TRUSTEE FEES			25,600			33,306			33,306	
WEBSITE			1,500			1,500			1,500	
CONTINUING DISCLOSURE FEE			5,000			6,000			6,000	
CAPITAL OUTLAY			0			4,222,243			2,972,243	
EQUIP PURCHASE FOR OTHER GOVS			0			1,444,792			1,444,792	
Total Expenditures		$	2,348,541		$	8,360,106		$	6,656,156	
										
EXCESS OR (SHORTFALL)		$	13,314,237		$	16,643,889		$	17,131,689	

DEBT PAYMENT TO TRUSTEE (ALL UNITS)			
(12,764,653)			
(11,558,280)			
(11,558,280)	
BALANCE		$	549,584		$	5,085,609		$	5,573,409	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(183,195)			
(75,233)			
(75,233)	
DISCOUNTS FOR EARLY PAYMENTS			(366,389)			(303,520)			(303,520)	
NET EXCESS/SHORTFALL		$	-		$	4,706,856		$	5,194,656	

1

DISTRICT PROPER FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2020/2021	2020/2021		2020/2021	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/20 - 9/30/21	10/1/20 - 9/30/21		10/1/20 - 9/29/21	
REVENUES							
O & M ASSESSMENTS			418,150	414,248		414,248	
O & M DIRECT BILL			0	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	0		0	
DEVELOPER CONTRIBUTION			0	7,000		7,000	
INTEREST INCOME			1,000	7,353		7,353	
OTHER REVENUES			0	0		0	
OTHER REVENUES - IMPACT FEES REIMB			0	5,000,000		5,000,000	
CARRY OVER FUNDS FROM PRIOR YEAR			0	0		0	
Total Revenues		$	419,150	$	5,428,601	$	5,428,601	

EXPENDITURES							
ENGINEERING			40,000	60,000		51,786	
GIS PROJECT			100,000	85,000		72,984	
MANAGEMENT			60,586	60,586		60,586	
OPERATIONS MANAGER			31,300	31,300		31,300	
LEGAL			70,000	65,000		52,438	
ASSESSMENT ROLL			7,500	9,000		9,000	
ANNUAL AUDIT			6,000	5,921		5,921	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			15,000	14,400		14,400	
INSURANCE			35,000	40,754		40,754	
LEGAL ADVERTISING			15,000	15,000		12,967	
MISCELLANEOUS			3,175	11,000		10,121	
POSTAGE			1,000	1,070		1,062	
OFFICE SUPPLIES			8,000	1,100		1,054	
DUES & SUBSCRIPTIONS			0	175		175	
TRUSTEE FEES			0	0		0	
CONTINUING DISCLOSURE FEE			0	0		0	
WEBSITE			1,500	1,500		1,500	
CONTINGENCY / PREV SHORTFALL			0	0		0	
CAPITAL OUTLAY			0	0		0	
Total Expenditures		$	394,061	$	401,806	$	366,048	
							
EXCESS OR (SHORTFALL)		$	25,089	$	5,026,795	$	5,062,553	

PAYMENT TO TRUSTEE			
-	
-		
-	
BALANCE		$	25,089	$	5,026,795	$	5,062,553	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(8,363)	
(3,988)		
(3,988)	
DISCOUNTS FOR EARLY PAYMENTS			(16,726)	(16,087)		(16,087)	
NET EXCESS/SHORTFALL		$	-	$	5,006,720	$	5,042,478	

UNIT ONE FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2020/2021	2020/2021	2020/2021	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/20 - 9/30/21	10/1/20 - 9/30/21	10/1/20 - 9/29/21	
REVENUES					
O & M ASSESSMENTS		1,257,718	1,241,921	1,241,921	
O & M DIRECT BILL		0	0	0	
DEBT ASSESSMENTS		2,524,395	2,491,659	2,491,659	
DEBT DIRECT BILL		0	0	0	
DEVELOPER CONTRIBUTION		0	72,647	72,647	
OTHER REVENUES		0	5,081	5,081	
OTHER REVENUES - EQUIP PURCHASE REIMBURSEMENT		0	1,444,792	1,406,827	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues			$	3,782,113	$	5,256,100	$	5,218,135	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		1,097,000	1,346,470	1,071,164	
INFRASTRUCTURE MAINTENANCE - EXTRAORDINARY		0	0	0	
ENGINEERING		15,000	30,000	26,825	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS MANAGER		31,300	31,300	31,300	
LEGAL		15,000	45,000	38,598	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,083	3,083	
ARBITRAGE REBATE FEE		1,500	650	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	0	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		3,750	3,708	3,708	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
EQUIP PURCHASE FOR OTHER GOVS			0	1,444,792	1,444,792	
Total Expenditures			$	1,182,255	$	2,919,008	$	2,634,125	
				
EXCESS OR (SHORTFALL)			$	2,599,858	$	2,337,092	$	2,584,010	

PAYMENT TO TRUSTEE		(2,372,931)	(2,358,975)	(2,358,975)	
BALANCE			$	226,927	$	(21,883)	$	225,035	

COUNTY APPRAISER & TAX COLLECTOR FEE		(75,642)	(35,939)	(35,939)	
DISCOUNTS FOR EARLY PAYMENTS		(151,285)	(144,991)	(144,991)	
NET EXCESS/SHORTFALL			$	-	$	(202,813)	$	44,105	

UNIT TWO FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

		FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
		2020/2021	2020/2021	2020/2021	
		ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
		10/1/20 - 9/30/21	10/1/20 - 9/30/21	10/1/20 - 9/29/21	
REVENUES				
O & M ASSESSMENTS		60,504	32,827	32,827	
O & M DIRECT BILL		1,982	1,982	1,982	
DEBT ASSESSMENTS		2,671,239	1,407,616	1,407,616	
DEBT DIRECT BILL		90,241	0	0	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	0	0	
OTHER REVENUES - SETTLEMENT		0	0	0	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues			$	2,823,966	$	1,442,425	$	1,442,425	

EXPENDITURES				
INFRASTRUCTURE MAINTENANCE		0	0	0	
INFRASTRUCTURE MAINTENANCE - EXTRAORDINARY		0	0	0	
ENGINEERING		2,000	2,000	953	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS MANAGER		15,650	15,650	15,650	
LEGAL		15,000	5,000	3,877	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,083	3,083	
ARBITRAGE REBATE FEE		1,500	1,300	1,300	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	500	300	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,000	4,848	4,848	
CONTINUING DISCLOSURE FEE		1,500	1,500	1,500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY			0	0	0	
Total Expenditures			$	58,855	$	47,386	$	45,016	
				
EXCESS OR (SHORTFALL)			$	2,765,111	$	1,395,039	$	1,397,409	

PAYMENT TO TRUSTEE		
(2,601,205)	(1,332,658)	
(1,332,658)	
BALANCE			$	163,906	$	62,381	$	64,751	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(54,635)	(13,685)	
(13,865)	
DISCOUNTS FOR EARLY PAYMENTS		(109,270)	(55,939)	(55,939)	
NET EXCESS/SHORTFALL			$	-	$	(7,243)	$	(5,053)	

UNIT THREE FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2020/2021	2020/2021	2020/2021	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/20 - 9/30/21	10/1/20 - 9/30/21	10/1/20 - 9/29/21	
REVENUES						
O & M ASSESSMENTS		175,544	175,855	175,855	
O & M DIRECT BILL		6,593	6,594	6,594	
DEBT ASSESSMENTS		1,295,594	1,295,069	1,295,069	
DEBT DIRECT BILL		48,170	37,763	37,763	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	20	20	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues			$	1,525,902	$	1,515,301	$	1,515,301	

EXPENDITURES						
INFRASTRUCTURE MAINTENANCE		102,000	120,545	14,757	
ENGINEERING		15,000	31,455	28,586	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS MANAGER		15,650	15,650	15,650	
LEGAL		15,000	15,000	12,729	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,083	3,083	
ARBITRAGE REBATE FEE		1,500	650	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	0	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		3,750	3,709	3,709	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY			0	0	0	
Total Expenditures			$	171,605	$	204,097	$	93,169	
					
EXCESS OR (SHORTFALL)			$	1,354,297	$	1,311,204	$	1,422,132	

PAYMENT TO TRUSTEE		(1,266,029)	(1,263,868)	(1,263,868)	
BALANCE			$	88,268	$	47,336	$	158,264	

COUNTY APPRAISER & TAX COLLECTOR FEE		(29,423)	(14,159)	(14,159)	
DISCOUNTS FOR EARLY PAYMENTS		(58,846)	(57,122)	(57,122)	
NET EXCESS/SHORTFALL			$	-	$	(23,945)	$	86,983	

UNIT FOUR FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

		FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
		2020/2021	2020/2021	2020/2021	
		ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
		10/1/20 - 9/30/21	10/1/20 - 9/30/21	10/1/20 - 9/29/21	
REVENUES					
O & M ASSESSMENTS		119,888	119,581	119,581	
O & M DIRECT BILL		34,411	36,993	36,993	
DEBT ASSESSMENTS		636,699	636,983	636,983	
DEBT DIRECT BILL		239,170	233,220	233,220	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	0	0	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues			$	1,030,167	$	1,026,777	$	1,026,777	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		90,000	90,000	85,375	
ENGINEERING		2,500	3,500	2,925	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS MANAGER		15,650	15,650	15,650	
LEGAL		15,000	6,000	4,132	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,083	3,083	
ARBITRAGE REBATE FEE		1,500	650	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	150	150	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		3,750	3,708	3,708	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY			0	0	0	
Total Expenditures			$	147,105	$	136,746	$	129,678	
					
EXCESS OR (SHORTFALL)			$	883,062	$	890,031	$	897,099	

PAYMENT TO TRUSTEE		(837,566)	(836,284)	(836,284)	
BALANCE			$	45,496	$	53,747	$	60,815	

COUNTY APPRAISER & TAX COLLECTOR FEE		(15,132)	(7,282)	(7,282)	
DISCOUNTS FOR EARLY PAYMENTS		(30,263)	(29,381)	(29,381)	
NET EXCESS/SHORTFALL			$	-	$	17,084	$	24,152	

UNIT FIVE FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2020/2021	2020/2021	2020/2021	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/20 - 9/30/21	10/1/20 - 9/30/21	10/1/20 - 9/29/21	
REVENUES				
O & M ASSESSMENTS		0	0	0	
O & M DIRECT BILL		73,755	0	0	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		3,625,720	3,588,592	3,588,592	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	25	25	
OTHER REVENUES - CAPITAL		0	48,747	26,311	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues			$	3,699,475	$	3,637,364	$	3,614,928	

EXPENDITURES				
BASEBALL FACILITY EXPENSES		0	25,000	25,000	
INFRASTRUCTURE MAINTENANCE		16,000	11,954	11,954	
ENGINEERING		2,500	2,250	2,250	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS MANAGER		15,650	15,650	15,650	
LEGAL		15,000	885	885	
ASSESSMENT ROLL		0	0	0	
AUDIT FEES		3,000	3,083	3,083	
ARBITRAGE REBATE FEE		0	0	0	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		2,500	0	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,600	5,507	5,507	
CONTINUING DISCLOSURE FEE		1,500	1,500	1,500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY			0	48,747	48,747	
Total Expenditures			$	73,755	$	126,581	$	126,581	
				
EXCESS OR (SHORTFALL)			$	3,625,720	$	3,510,783	$	3,488,347	

PAYMENT TO TRUSTEE		
(3,625,720)	(3,588,592)	
(3,588,592)	
BALANCE			$	-	$	(77,809)	$	(100,245)	

COUNTY APPRAISER & TAX COLLECTOR FEE		
0	0	
0	
DISCOUNTS FOR EARLY PAYMENTS		0	0	0	
NET EXCESS/SHORTFALL			$	-	$	(77,809)	$	(100,245)	

WEST VILLAGES IMPROVEMENT DISTRICT UNIT SEVEN
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

		FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
		2020/2021	2020/2021	2020/2021	
		ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
		10/1/20 - 9/30/21	10/1/20 - 9/30/21	10/1/20 - 9/29/21	
REVENUES				
O & M ASSESSMENTS		0	0	0	
O & M DIRECT BILL		320,905	282,409	282,409	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		2,061,101	1,931,118	1,931,118	
DEVELOPER FUNDING		0	0	0	
OTHER REVENUES		0	48,619	48,619	
OTHER REVENUES - CAPITAL		0	4,173,496	3,017,747	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues			$	2,382,006	$	6,435,642	$	5,279,893	

EXPENDITURES				
INFRASTRUCTURE MAINTENANCE		256,000	241,530	234,017	
ENGINEERING		2,000	40,000	37,365	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS MANAGER		15,650	15,650	15,650	
LEGAL		15,000	15,000	11,937	
ASSESSMENT ROLL		1,500	0	0	
AUDIT FEES		3,000	3,083	3,083	
ARBITRAGE REBATE FEE		1,500	1,300	1,300	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		10,000	0	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		3,750	11,826	11,826	
CONTINUING DISCLOSURE FEE		500	1,000	1,000	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	4,173,496	2,923,496	
CAPITAL - DEVELOPER DEPOSIT REFUND		0	0	0	
Total Expenditures			$	320,905	$	4,514,890	$	3,251,679	
				
EXCESS OR (SHORTFALL)			$	2,061,101	$	1,920,752	$	2,028,214	

PAYMENT TO TRUSTEE		
(2,061,101)	(1,931,118)	
(1,931,118)	
BALANCE			$	-	$	(10,366)	$	97,096	

COUNTY APPRAISER & TAX COLLECTOR FEE		
-	-	
-	
DISCOUNTS FOR EARLY PAYMENTS		-	-	-	
NET EXCESS/SHORTFALL			$	-	$	(10,366)	$	97,096	

WEST VILLAGES IMPROVEMENT DISTRICT UNIT EIGHT
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2020/2021	2020/2021		2020/2021	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/20 - 9/30/21	10/1/20 - 9/30/21		10/1/20 - 9/29/21	
REVENUES							
O & M ASSESSMENTS			0	0		0	
O & M DIRECT BILL			0	15,000		15,000	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	246,785		246,785	
DEVELOPER FUNDING			0	0		0	
OTHER REVENUES			0	0		0	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR			0	0		0	
Total Revenues			$	-	$	261,785	$	261,785	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE			0	0		0	
ENGINEERING			0	0		0	
MANAGEMENT			0	9,003		9,003	
OPERATIONS MANAGER			0	0		0	
LEGAL			0	89		89	
ASSESSMENT ROLL			0	0		0	
AUDIT FEES			0	0		0	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			0	0		0	
INSURANCE			0	0		0	
LEGAL ADVERTISING			0	0		0	
MISCELLANEOUS			0	0		0	
POSTAGE			0	0		0	
OFFICE SUPPLIES			0	0		0	
DUES & SUBSCRIPTIONS			0	0		0	
TRUSTEE FEES			0	0		0	
CONTINUING DISCLOSURE FEE			0	0		0	
WEBSITE			0	500		500	
CONTINGENCY / PREV SHORTFALL			0	0		0	
CAPITAL OUTLAY			0	0		0	
CAPITAL - DEVELOPER DEPOSIT REFUND			0	0		0	
Total Expenditures			$	-	$	9,592	$	9,592	
							
EXCESS OR (SHORTFALL)			$	-	$	252,193	$	252,193	

PAYMENT TO TRUSTEE			-	(246,785)		(246,785)	
BALANCE			$	-	$	5,408	$	5,408	

COUNTY APPRAISER & TAX COLLECTOR FEE			-	-		-	
DISCOUNTS FOR EARLY PAYMENTS			-	-		-	
NET EXCESS/SHORTFALL			$	-	$	5,408	$	5,408	

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21		2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21		2020/2021
ACTUAL 10/1/20 - 9/29/21	
REVENUES	
Interest Income		

0		

81		

81	
Debt Collections			2,372,931		2,358,975		2,358,975	
Total Revenues			$	2,372,931	$	2,359,056	$	2,359,056	

EXPENDITURES	
Principal Payments		

1,115,000		

1,115,000		

1,115,000	
Interest Payments		1,257,931		1,277,444		1,277,444	
Miscellaneous			0		0		0	
Total Expenditures			$	2,372,931	$	2,392,444	$	2,392,444	
							
Excess/Shortfall			$	-	$	(33,388)	$	(33,388)	

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

$1,332,788	
($33,388)	
$1,299,400	

Notes
Reserve Fund Balances = $580,000*. Revenue Fund Balance = $719,400*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $619,209.
* Approximate Amounts

Series 2017 Bond Refunding Information

Original Par Amount =	$32,165,000	Annual Principal Payment Due =	
Interest Rate =	3.5% - 4.625%	May 1st	
Issue Date =	August 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/21 =	May 2038

$28,155,000	May 1st & November 1st	

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21	2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21	2020/2021
ACTUAL 10/1/20 - 9/29/21	
REVENUES	
Interest Income			

0	

49	

49	
Debt Collections (2019A-1)			1,413,099	1,332,658	1,332,658	
Debt Collections (2019A-2)			1,188,107	0	0	
Prepaid Debt Collections (2019A-1)				0	33,831	33,831	
Total Revenues			$	2,601,206 $	1,366,538 $	1,366,538	

EXPENDITURES	
Principal Payments (2019A-1)			

575,000	

575,000	

575,000	
Principal Payments (2019A-2)			485,000	0	0	
Interest Payments (2019A-1)			827,569	842,878	842,878	
Interest Payments (2019A-2)			699,056	0	0	
Miscellaneous - Bond Redemption (2019A-1)			10,530	50,000	50,000	
Miscellaneous - Bond Redemption (2019A-2)				4,051	0	0	
Total Expenditures			$	2,601,206 $	1,467,878 $	1,467,878	
						
Excess/Shortfall			$	- $	(101,340) $	(101,340)	

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

$786,283	
($101,340)	
$684,943	

Notes
West Villages Unit 2 Series 2005 Bonds Were Bifurcated Into Performing (2019A-1) And Non Performing (2019A-2) Bonds.
Reserve Account Balances = $201,000* Revenue Account Balances = $472,588* Prepayment Account Balances = $11,355*.
Revenue Account Balances To Be Used To Make 11/1/2021 2019A-1 Interest Payment Of $403,650.
Prepayment Account Balances To Be Used To Make 2019A-1 11/1/2021 Extraordinary Principal Payment Of $10,000.
* Approximate Amounts

Series 2019A-1 (Performing) Bond Information
Original Par Amount =	$15,190,000	Annual Principal Payment Due =	
Interest Rate =	5.75%	May 1st	
Issue Date =	October 2019	Annual Interest Payments Due =	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/21 =	$14,040,000		

Series 2019A-2 (Non Performing) Bond Information	
Original Par Amount =	$12,830,000	Annual Principal Payment Due =	
Interest Rate =	5.75%	May 1st	
Issue Date =	October 2019	Annual Interest Payments Due =	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/21 =	$12,830,000		

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21	2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21	2020/2021
ACTUAL 10/1/20 - 9/29/21	

REVENUES	
Interest Income			

0	

30	

30	
Debt Collections			1,266,029	1,226,105	1,226,105	
Payment By Developer			0	37,763	37,763	
Prepaid Debt Collections				0	73,549	73,549	
Total Revenues			$	1,266,029 $	1,337,447 $	1,337,447	

EXPENDITURES	
Principal Payments			

610,000	

610,000	

610,000	
Interest Payments			659,510	666,673	666,673	
Miscellaneous / Extra Redemption				-3,481	95,000	95,000	
Total Expenditures			$	1,266,029 $	1,371,673 $	1,371,673	
						
Excess/Shortfall			$	- $	(34,226) $	(34,226)	

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

$477,318	
($34,226)	
$443,092	

Notes
Reserve Fund Balance = $100,000*. Revenue Fund Balance = $320,693*. Prepayment Account Balance = $22,399*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $320,693.
Prepayment Account Balance To Be Used To Make 11/1/2021 Extraordinary Principal Payment Of $20,000.
* Approximate Amounts - Revenue Account Balance Is As of 10/31/21.

Series 2017 Bond Refunding Information

Original Par Amount =	$16,550,000	Annual Principal Payment Due =	
Interest Rate =	3.5% - 5%	May 1st	
Issue Date =	August 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/21 =	May 2037

$14,055,000	May 1st & November 1st	

UNIT 4 DEBT SERVICE FUND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21	2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21	2020/2021
ACTUAL 10/1/20 - 9/29/21	

REVENUES	
Interest Income			

0	

45	

45	
Debt Collections			837,666	604,505	604,505	
Payment By Developer			0	231,779	231,779	
Prepaid Debt Collections				0	0	0	
Total Revenues			$	837,666 $	836,329 $	836,329	

EXPENDITURES	
Principal Payments			

255,000	

245,000	

245,000	
Interest Payments			581,831	585,716	585,716	
Miscellaneous				835	10,000	10,000	
Total Expenditures			$	837,666 $	840,716 $	840,716	
						
Excess/Shortfall			$	- $	(4,387) $	(4,387)	

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

$1,140,017	
($4,387)	
$1,135,630	

Notes
Reserve Fund Balance = $586,012*. Revenue Fund Balance = $545,666*. Prepayment Account Fund Balance = $3,952*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $545,666. (Principal Payment: $255,000 & Interest Payment Of $290,666).
Prepayment Account Balance To Be Used To Make 11/1/2020 Extraordinary Principal Payment Of $10,000.
* Approximate Amounts - Revenue Account Balance Is As of 10/31/21.

Series 2016 Bond Information

Original Par Amount =	$13,090,000	Annual Principal Payment Due =	
Interest Rate =	3.375% - 5%	November 1st	
Issue Date =	November 2016	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/21 =	November 2046

$12,125,000	May 1st & November 1st	

BASEBALL STADIUM BONDS DEBT SERVICE FUND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21		2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21		2020/2021
ACTUAL 10/1/20 - 9/29/21	

REVENUES	
Interest Income			

0		

19		

19	
State Of Florida Pledged Revenues				1,000,000		999,996		999,996	
Total Revenues			$	1,000,000	$	1,000,015	$	1,000,015	

EXPENDITURES	
Principal Payments			

540,000		

540,000		

540,000	
Interest Payments			456,227		456,227		456,227	
Other/Extra Redemption				3,773		0		0	
Total Expenditures			$	1,000,000	$	996,227	$	996,227	
								
Excess/Shortfall			$	-	$	3,788	$	3,788	

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

$277,117	
$3,788	
$280,905	

Notes
Bond Service Fund Balance = $166,507*. Revenue Fund Balance = $114,398*.
Bond Service Fund Balance And October 2021 Through January 2022 State Of Florida Pledged Revenues To Be Used To Make 2/1/2022 Principal & Interest Payment Of $497,631 (Principal Payment: $275,000 & Interest Payment Of $222,361).
* Approximate Amounts

Series 2017A Bond Information

Original Par Amount =	$13,955,000	Annual Principal Payment Due =	
Interest Rate =	3.72%	February 1st & August 1st	
Issue Date =	December 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/21 =	February 2038

$12,170,000	February 1st & August 1st	

BASEBALL STADIUM NOTES DEBT SERVICE FUND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21		2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21		2020/2021
ACTUAL 10/1/20 - 9/29/21	

REVENUES	
Interest Income			

0		

4,455		

4,455	
Payment By Atlanta Braves				2,625,720		2,588,596		1,294,298	
Total Revenues			$	2,625,720	$	2,593,051	$	1,298,753	

EXPENDITURES	
Principal Payments			

1,312,371		

1,277,868		

1,277,868	
Interest Payments			1,276,225		1,310,728		1,310,728	
Other/Extra Redemption				37,124		0		0	
Total Expenditures			$	2,625,720	$	2,588,596	$	2,588,596	
								
Excess/Shortfall			$	-	$	4,455	$	(1,289,843)	

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

$5,384,479	
$4,455	
$5,388,934	

Notes
Reserve Fund Balance = $4,087,747*. Revenue Fund Balance = $1,301,188*.
Revenue Fund Balance To Be Used To Make 12/30/2021 Principal & Interest Payment Of $1,294,298 (Principal Payment: $664,926 & Interest Payment Of $629,372).
* Approximate Amounts
Revenue Account Balance Is As of 10/31/21.

Series 2017B Notes Information

Original Par Amount =	$27,500,000	Annual Principal Payment Due =	
Interest Rate =	5.39%	June 30th & December 30th	
Issue Date =	December 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/21 =	December 2033

$23,310,081	June 30th & December 30th	

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21	2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21	2020/2021
ACTUAL 10/1/20 - 9/29/21	

REVENUES	
Interest Income		

0		

114	

114	
Debt Collections (Master)		0		0	0	
Payment By Developer (Master)		1,974,499		1,848,398	1,848,398	
Debt Collections (Village B)		0		0	0	
Payment By Developer (Village B)			86,602		82,720	82,720	
Total Revenues		$	2,061,101	$	1,931,232  $	1,931,232	

EXPENDITURES	
Principal Payments (Master)			

495,000	

495,000	

495,000	
Principal Payments (Village B)			20,000	20,000	20,000	
Interest Payments (Master)			1,474,438	1,484,338	1,484,338	
Interest Payments (Village B)			62,725	63,125	63,125	
Other/Extra Redemption				8,938	0	0	
Total Expenditures			$	2,061,101  $	2,062,463  $	2,062,463	
						
Excess/Shortfall			$	-  $	(131,231) $	(131,231)	

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

$2,955,324	
($131,231)	
$2,824,093	

Notes
Reserve Fund Balances = $2,060,662*. Revenue Fund Balances = $763,431*.
Revenue Fund Balances To Be Used To Make 11/1/2021 Interest Payments Of $763,431 (Master Interest Payment: $732,269 & Village B Interest Payment Of $31,162).
* Approximate Amounts - Revenue Account Balance Is As of 10/31/21.

Series 2019 Bond Information (Master)

Original Par Amount =	$31,040,000	Annual Principal Payment Due =	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	April 2019	Annual Interest Payments Due =	
Maturity Date =	May 2050	May 1st & November 1st	

Par Amount As Of 9/30/21 =

Series 2019 Bond Information (Village B)	
$30,545,000		
Original Par Amount =	$1,320,000	Annual Principal Payment Due =	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	April 2019	Annual Interest Payments Due =	
Maturity Date =	May 2050	May 1st & November 1st	

Par Amount As Of 9/30/21 =	
$1,300,000		

	FISCAL YEAR			FISCAL YEAR		FISCAL YEAR		
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21			2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21		2020/2021
ACTUAL 10/1/20 - 9/29/21		

REVENUES	
Interest Income			

0		

7			

7	
Debt Collections			0		0			0	
Payment By Developer			0		0			0	
Bond Proceeds				0		374,242			374,242	
Total Revenues		$		-	$	374,249	$		374,249	

EXPENDITURES	
Principal Payments			

0		

0			

0	
Interest Payments			0		0			0	
Other/Extra Redemption				0		0			0	
Total Expenditures		$		-	$	-	$		-	

 	

Excess/Shortfall		$

-   $	374,249   $

374,249

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

$0	
$374,249	
$374,249	

Notes
Reserve Fund Balance = $222,881*. Revenue Fund Balance = $4*. Interest Account Balance = $151,364*.
Interest Account Balance To Be Used To Make 11/1/2021 Interest Payment Of $151,361. Capital Projects Debt Proceeds = $7,600,758. Total Bond Proceeds = $7,975,000.
FY 2020/2021 Cost Of Issuance = $281,468. Capitalized Interest Set-up Through November 2021.

Series 2021 Bond Information

Original Par Amount =	$7,975,000	Annual Principal Payment Due =	
Interest Rate =	2.50% - 4.00%	May 1st	
Issue Date =	April 2021	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/21 =	May 2051

$7,975,000	May 1st & November 1st	

	FISCAL YEAR			FISCAL YEAR		FISCAL YEAR		
	2020/2021
ANNUAL BUDGET 10/1/20 - 9/30/21			2020/2021
AMENDED FINAL BUDGET 10/1/20 - 9/30/21		2020/2021
ACTUAL 10/1/20 - 9/29/21		

REVENUES	
Interest Income			

0		

9			

9	
Debt Collections			0		0			0	
Payment By Developer			0		246,785			246,785	
Bond Proceeds				0		362,656			362,656	
Total Revenues		$		-	$	609,450	$		609,450	

EXPENDITURES	
Principal Payments			

0		

0			

0	
Interest Payments			0		0			0	
Other/Extra Redemption				0		0			0	
Total Expenditures		$		-	$	-	$		-	

 	

Excess/Shortfall		$

-   $	609,450   $

609,450

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

$0	
$609,450	
$609,450	

Notes
Reserve Fund Balance = $362,656*. Revenue Fund Balance = $246,794.*
Revenue Account Balance To Be Used To Make 11/1/2021 Interest Payment Of $246,785. Capital Projects Debt Proceeds = $12,637,344. Total Bond Proceeds = $13,000,000.
FY 2020/2021 Cost Of Issuance = $410,040. FY 2020/2021 Capital Outlay = $12,319,057.

Series 2021 Bond Information

Original Par Amount =	$13,000,000	Annual Principal Payment Due =	
Interest Rate =	2.50% - 4.00%	May 1st	
Issue Date =	April 2021	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/21 =	May 2051

$13,000,000	May 1st & November 1st