West Villages Improvement District

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

WEST VILLAGES IMPROVEMT DISTRICT
FY 2021/2022 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
Amended Final Operating Fund Budget - Unit 9	10
Debt Service
Amended Final Debt Service Fund Budget - Unit 1	11
Amended Final Debt Service Fund Budget - Unit 2	12
Amended Final Debt Service Fund Budget - Unit 3	13
Amended Final Debt Service Fund Budget - Unit 4	14
Amended Final Debt Service Fund Budget - Baseball Stadium Bonds	15
Amended Final Debt Service Fund Budget - Baseball Stadium Notes	16
Amended Final Debt Service Fund Budget - Unit 7 (Series 2019)	17
Amended Final Debt Service Fund Budget - Unit 7 (Series 2021)	18
Amended Final Debt Service Fund Budget - Unit 8 (Series 2021)	19

AMENDED FINAL BUDGET COMPARISON - ALL UNITS
WEST VILLAGES IMPROVEMENT DISTRICT

	FISCAL YEAR			FISCAL YEAR			FISCAL YEAR	
	2021/2022			2021/2022			2021/2022	
	ANNUAL BUDGET			AMENDED FINAL BUDGET			ACTUAL	
	10/1/21 - 9/30/22			10/1/21 - 9/30/22			10/1/21 - 9/29/22	
REVENUES											
O & M ASSESSMENTS			1,739,194			1,724,042			1,724,042	
O & M ASSESSMENTS - DIRECT BILL			814,213			312,528			312,528	
DEBT ASSESSMENTS			7,000,053			5,703,975			5,703,975	
DEBT DIRECT BILL			7,345,872			6,848,949			6,848,949	
INTEREST INCOME			1,000			877			877	
DEVELOPER CONTRIBUTION			0			1,419,985			1,419,985	
OTHER REVENUES			0			244,353			244,353	
OTHER REVENUES - EQUIP PURCHASE REIMBURSEMENT			0			296,617			296,617	
OTHER REVENUES - TRANSPORT IMPACT			0			1,098,618			1,098,618	
CARRY OVER FUNDS FROM PRIOR YEAR			192,240			0			0	
Total Revenues		$	17,092,572		$	17,649,944		$	17,649,944	

EXPENDITURES										
BASEBALL FACILITY EXPENSES			0			25,000			25,000	
INFRASTRUCTURE MAINTENANCE			1,825,100			1,886,777			1,636,777	
GIS PROJECT			40,000			40,000			0	
ENGINEERING			92,000			225,932			215,932	
MANAGEMENT			144,621			144,693			144,693	
OPERATIONS ADMINISTRATION			166,500			166,500			166,500	
LEGAL			163,000			276,812			266,812	
ASSESSMENT ROLL			16,500			16,500			16,500	
AUDIT FEES			27,000			27,000			27,000	
ARBITRAGE REBATE FEE			9,000			5,850			5,850	
RENTS & LEASES			15,000			14,400			14,400	
INSURANCE			45,000			43,723			43,723	
LEGAL ADVERTISING			15,000			18,295			18,295	
MISCELLANEOUS			32,475			27,042			27,042	
VEHICLES			0			55,932			55,932	
POSTAGE			3,000			1,262			1,262	
OFFICE SUPPLIES			8,000			2,526			2,526	
TRUSTEE FEES			33,100			42,661			42,661	
WEBSITE			1,500			1,500			1,500	
CONTINUING DISCLOSURE FEE			5,500			6,000			6,000	
CAPITAL OUTLAY			0			1,037,118			887,118	
EQUIP PURCHASE FOR OTHER GOVS			0			229,201			229,201	
Total Expenditures		$	2,642,296		$	4,294,724		$	3,834,724	
										
EXCESS OR (SHORTFALL)		$	14,450,276		$	13,355,220		$	13,815,220	

DEBT PAYMENT TO TRUSTEE (ALL UNITS)			
(13,925,921)			
(12,275,229)			
(12,275,229)	
BALANCE		$	524,355		$	1,079,991		$	1,539,991	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(174,785)			
(71,875)			
(71,875)	
DISCOUNTS FOR EARLY PAYMENTS			(349,570)			(254,022)			(254,022)	
NET EXCESS/SHORTFALL		$	-		$	754,094		$	1,214,094	

DISTRICT PROPER FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2021/2022	2021/2022		2021/2022	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22		10/1/21 - 9/29/22	
REVENUES							
O & M ASSESSMENTS			321,836	319,043		319,403	
O & M DIRECT BILL			24,330	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	0		0	
DEVELOPER CONTRIBUTION			0	0		0	
INTEREST INCOME			1,000	877		877	
OTHER REVENUES			0	82,604		82,604	
OTHER REVENUES - TRANSPORT IMPACT			0	1,098,618		1,098,618	
OTHER REVENUES - EQUIPMENT PURCHASE			0	296,617		296,617	
CARRY OVER FUNDS FROM PRIOR YEAR			18,205	0		0	
Total Revenues			$	365,371	$	1,797,759	$	1,798,119	

EXPENDITURES							
ENGINEERING			40,000	131,009		121,009	
GIS PROJECT			40,000	40,000		0	
MANAGEMENT			60,586	60,658		60,658	
OPERATIONS ADMINISTRATION			31,300	31,300		31,300	
LEGAL			70,000	151,556		141,556	
ASSESSMENT ROLL			7,500	9,000		9,000	
ANNUAL AUDIT			6,000	6,000		6,000	
ARBITRAGE REBATE FEE			0	0		0	
RENTS & LEASES			15,000	14,400		14,400	
INSURANCE			45,000	43,723		43,723	
LEGAL ADVERTISING			15,000	18,295		18,295	
MISCELLANEOUS			3,175	26,829		26,829	
VEHICLES			0	55,932		55,932	
POSTAGE			3,000	1,262		1,262	
OFFICE SUPPLIES			8,000	2,526		2,526	
DUES & SUBSCRIPTIONS			0	175		175	
TRUSTEE FEES			0	0		0	
CONTINUING DISCLOSURE FEE			0	0		0	
WEBSITE			1,500	1,500		1,500	
EQUIPMENT PURCHASE FOR OTHER GOV			0	229,201		229,201	
CAPITAL OUTLAY				0	0		0	
Total Expenditures			$	346,061	$	823,366	$	763,366	
							
EXCESS OR (SHORTFALL)			$	19,310	$	974,393	$	1,034,753	

PAYMENT TO TRUSTEE			
-	
-		
-	
BALANCE			$	19,310	$	974,393	$	1,034,753	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(6,437)	
(3,092)		
(3,092)	
DISCOUNTS FOR EARLY PAYMENTS			(12,873)	(10,924)		(10,924)	
NET EXCESS/SHORTFALL			$	-	$	960,377	$	1,020,737	

UNIT ONE FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2021/2022	2021/2022	2021/2022	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/29/22	
REVENUES					
O & M ASSESSMENTS		1,153,527	1,138,715	1,138,715	
O & M DIRECT BILL		43,405	0	0	
DEBT ASSESSMENTS		2,356,406	2,325,712	2,325,712	
DEBT DIRECT BILL		158,185	0	0	
DEVELOPER CONTRIBUTION		0	340,716	340,716	
OTHER REVENUES		0	17,750	17,750	
OTHER REVENUES - EQUIP PURCHASE REIMBURSEMENT		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		124,035	0	0	
Total Revenues			$	3,835,558	$	3,822,893	$	3,822,893	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		1,158,250	1,583,636	1,288,636	
GIS PROJECT		0	0	0	
ENGINEERING		20,000	56,155	56,155	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		33,300	33,300	33,300	
LEGAL		15,000	41,544	41,544	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	3,000	
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		5,000	4,246	4,246	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
EQUIP PURCHASE FOR OTHER GOVS			0	0	0	
Total Expenditures			$	1,251,755	$	1,736,536	$	1,441,536	
				
EXCESS OR (SHORTFALL)			$	2,583,803	$	2,086,357	$	2,381,357	

PAYMENT TO TRUSTEE		(2,373,207)	(2,212,486)	(2,212,486)	
BALANCE			$	210,596	$	(126,129)	$	168,871	

COUNTY APPRAISER & TAX COLLECTOR FEE		(70,199)	(33,522)	(33,522)	
DISCOUNTS FOR EARLY PAYMENTS		(140,397)	(118,476)	(118,476)	
NET EXCESS/SHORTFALL			$	-	$	(278,127)	$	16,873	

UNIT TWO FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

		FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
		2021/2022	2021/2022	2021/2022	
		ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
		10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/29/22	
REVENUES				
O & M ASSESSMENTS		3,986	5,943	5,943	
O & M DIRECT BILL		108	0	0	
DEBT ASSESSMENTS		2,687,138	1,420,980	1,420,980	
DEBT DIRECT BILL		71,708	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		50,000	0	0	
Total Revenues			$	2,812,940	$	1,426,923	$	1,426,923	

EXPENDITURES				
INFRASTRUCTURE MAINTENANCE		0	49,806	49,806	
INFRASTRUCTURE MAINTENANCE - EXTRAORDINARY		0	0	0	
ENGINEERING		2,000	960	960	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		15,650	15,650	15,650	
LEGAL		10,000	3,267	3,267	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	3,000	
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	150	150	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,000	4,849	4,849	
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			$	53,855	$	93,987	$	93,987	
				
EXCESS OR (SHORTFALL)			$	2,759,085	$	1,332,936	$	1,332,936	

PAYMENT TO TRUSTEE		
(2,597,618)	(1,351,800)	
(1,351,800)	
BALANCE			$	161,467	$	(18,864)	$	(18,864)	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(53,822)	(13,807)	
(13,807)	
DISCOUNTS FOR EARLY PAYMENTS		(107,645)	(48,797)	(48,797)	
NET EXCESS/SHORTFALL			$	-	$	(81,468)	$	(81,468)	

UNIT THREE FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2021/2022	2021/2022	2021/2022	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/29/22	
REVENUES						
O & M ASSESSMENTS		179,772	179,758	179,758	
O & M DIRECT BILL		2,619	0	0	
DEBT ASSESSMENTS		1,316,180	1,316,245	1,316,245	
DEBT DIRECT BILL		22,210	0	0	
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			$	1,520,781	$	1,496,003	$	1,496,003	

EXPENDITURES						
INFRASTRUCTURE MAINTENANCE		102,000	10,220	10,220	
ENGINEERING		13,000	9,430	9,430	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		15,000	47,590	47,590	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	3,000	
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	4,246	4,246	
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	$	106,791	$	106,791	
					
EXCESS OR (SHORTFALL)			$	1,349,176	$	1,389,212	$	1,389,212	

PAYMENT TO TRUSTEE		(1,259,419)	(1,252,164)	(1,252,164)	
BALANCE			$	89,757	$	137,048	$	137,048	

COUNTY APPRAISER & TAX COLLECTOR FEE		(29,919)	(14,475)	(14,475)	
DISCOUNTS FOR EARLY PAYMENTS		(59,838)	(51,160)	(51,160)	
NET EXCESS/SHORTFALL			$	-	$	71,413	$	71,413	

UNIT FOUR FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2021/2022	2021/2022		2021/2022	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22		10/1/21 - 9/29/22	
REVENUES							
O & M ASSESSMENTS			80,074	80,223		80,223	
O & M DIRECT BILL			22,486	19,116		19,116	
DEBT ASSESSMENTS			640,330	641,038		641,038	
DEBT DIRECT BILL			235,756	104,498		104,498	
DEVELOPER CONTRIBUTION			0	0		0	
OTHER REVENUES			0	116		116	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR			0	0		0	
Total Revenues			$	978,646	$	844,991	$	844,991	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE			40,650	43,817		43,817	
ENGINEERING			2,500	2,345		2,345	
MANAGEMENT			12,005	12,005		12,005	
OPERATIONS ADMINISTRATION			17,650	17,650		17,650	
LEGAL			13,000	1,284		1,284	
ASSESSMENT ROLL			1,500	1,500		1,500	
AUDIT FEES			3,000	3,000		3,000	
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			$	97,755	$	86,460	$	86,460	
							
EXCESS OR (SHORTFALL)			$	880,891	$	758,531	$	758,531	

PAYMENT TO TRUSTEE			(837,666)	(714,328)		(714,328)	
BALANCE			$	43,225	$	44,203	$	44,203	

COUNTY APPRAISER & TAX COLLECTOR FEE			(14,408)	(6,979)		(6,979)	
DISCOUNTS FOR EARLY PAYMENTS			(28,816)	(24,665)		(24,665)	
NET EXCESS/SHORTFALL			$	-	$	12,559	$	12,559	

UNIT FIVE FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2021/2022	2021/2022	2021/2022	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/29/22	
REVENUES						
O & M ASSESSMENTS		0	0	0	
O & M DIRECT BILL		62,755	0	0	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		3,625,720	4,882,889	4,882,889	
DEVELOPER CONTRIBUTION		0	46,582	46,582	
OTHER REVENUES		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues			$	3,688,475	$	4,929,471	$	4,929,471	

EXPENDITURES						
BASEBALL FACILITY EXPENSES		0	25,000	25,000	
INFRASTRUCTURE MAINTENANCE		8,000	28,262	28,262	
ENGINEERING		2,500	0	0	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		10,000	392	392	
ASSESSMENT ROLL		0	0	0	
AUDIT FEES		3,000	3,000	3,000	
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	

Total Expenditures		$

62,755	$

93,316	$

93,316

EXCESS OR (SHORTFALL)			$	3,625,720	$	4,836,155	$	4,836,155	

PAYMENT TO TRUSTEE		(3,625,720)	(4,882,889)	(4,882,889)	
BALANCE			$	-	$	(46,734)	$	(46,734)	

COUNTY APPRAISER & TAX COLLECTOR FEE		0	0	0	
DISCOUNTS FOR EARLY PAYMENTS		0	0	0	
NET EXCESS/SHORTFALL			$	-	$	(46,734)	$	(46,734)	

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2021/2022	2021/2022	2021/2022	
	ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/29/22	
REVENUES				
O & M ASSESSMENTS		0	0	0	
O & M DIRECT BILL		532,105	167,007	167,007	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		2,506,985	1,369,010	1,369,010	
DEVELOPER FUNDING - WWTP		0	1,032,687	1,032,687	
OTHER REVENUES		0	114,633	114,633	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues			$	3,039,090	$	2,683,337	$	2,683,337	

EXPENDITURES				
INFRASTRUCTURE MAINTENANCE		455,950	215,924	215,924	
ENGINEERING		10,000	24,628	24,628	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		15,000	22,487	22,487	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	3,000	
ARBITRAGE REBATE FEE		1,500	1,950	1,950	
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		5,000	15,965	15,965	
CONTINUING DISCLOSURE FEE		500	1,000	1,000	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	1,037,118	887,118	
CAPITAL - DEVELOPER DEPOSIT REFUND		0	0	0	
Total Expenditures			$	532,105	$	1,353,227	$	1,203,227	
				
EXCESS OR (SHORTFALL)			$	2,506,985	$	1,330,110	$	1,480,110	

PAYMENT TO TRUSTEE		
(2,506,985)	(1,369,010)	
(1,369,010)	
BALANCE			$	-	$	(38,900)	$	111,100	

COUNTY APPRAISER & TAX COLLECTOR FEE		
-	-	
-	
DISCOUNTS FOR EARLY PAYMENTS		-	-	-	
NET EXCESS/SHORTFALL			$	-	$	(38,900)	$	111,100	

WEST VILLAGES IMPROVEMENT DISTRICT UNIT EIGHT
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2021/2022	2021/2022		2021/2022	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22		10/1/21 - 9/29/22	
REVENUES						
O & M ASSESSMENTS			0	0		0	
O & M DIRECT BILL			126,405	126,405		126,405	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			725,308	492,552		492,552	
DEVELOPER FUNDING			0	0		0	
OTHER REVENUES			0	15,000		15,000	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR			0	0		0	
Total Revenues			$	851,713	$	633,957	$	633,957	

EXPENDITURES						
INFRASTRUCTURE MAINTENANCE			60,250	0		0	
ENGINEERING			2,000	1,405		1,405	
MANAGEMENT			12,005	12,005		12,005	
OPERATIONS ADMINISTRATION			15,650	15,650		15,650	
LEGAL			15,000	6,653		6,653	
ASSESSMENT ROLL			1,500	0		0	
AUDIT FEES			3,000	3,000		3,000	
ARBITRAGE REBATE FEE			1,500	650		650	
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			5,000	4,139		4,139	
CONTINUING DISCLOSURE FEE			500	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			$	126,405	$	44,002	$	44,002	
						
EXCESS OR (SHORTFALL)			$	725,308	$	589,955	$	589,955	

PAYMENT TO TRUSTEE			(725,308)	(492,552)		(492,552)	
BALANCE			$	-	$	97,403	$	97,403	

COUNTY APPRAISER & TAX COLLECTOR FEE			-		-		-	
DISCOUNTS FOR EARLY PAYMENTS			-		-		-	
NET EXCESS/SHORTFALL			$	-	$	97,403	$	97,403	

WEST VILLAGES IMPROVEMENT DISTRICT UNIT NINE
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2021/2022	2021/2022		2021/2022	
	ANNUAL BUDGET	AMENDED FINAL BUDGET		ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22		10/1/21 - 9/29/22	
REVENUES							
O & M ASSESSMENTS			0	0		0	
O & M DIRECT BILL			0	0		0	
DEBT ASSESSMENTS			0	0		0	
DEBT DIRECT BILL			0	0		0	
DEVELOPER FUNDING			0	0		0	
OTHER REVENUES			0	14,250		14,250	
OTHER REVENUES - CAPITAL			0	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR			0	0		0	
Total Revenues			$	-	$	14,250	$	14,250	

EXPENDITURES							
INFRASTRUCTURE MAINTENANCE			0	0		0	
ENGINEERING			0	0		0	
MANAGEMENT			0	0		0	
OPERATIONS MANAGER			0	0		0	
LEGAL			0	2,039		2,039	
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	0		0	
CONTINGENCY / PREV SHORTFALL			0	0		0	
CAPITAL OUTLAY			0	0		0	
CAPITAL - DEVELOPER DEPOSIT REFUND			0	0		0	
Total Expenditures			$	-	$	2,039	$	2,039	
							
EXCESS OR (SHORTFALL)			$	-	$	12,211	$	12,211	

PAYMENT TO TRUSTEE			-	-		-	
BALANCE			$	-	$	12,211	$	12,211	

COUNTY APPRAISER & TAX COLLECTOR FEE			-	-		-	
DISCOUNTS FOR EARLY PAYMENTS			-	-		-	
NET EXCESS/SHORTFALL			$	-	$	12,211	$	12,211	

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2021/2022
ANNUAL BUDGET 10/1/21 - 9/30/22		2021/2022
AMENDED FINAL BUDGET 10/1/21 - 9/30/22		2021/2022
ACTUAL 10/1/21 - 9/29/22	
REVENUES	
Interest Income		

0		

74		

70	
Debt Collections			2,373,206		2,252,941		2,252,941	
Total Revenues			$	2,373,206	$	2,253,015	$	2,253,011	

EXPENDITURES	
Principal Payments		

1,155,000		

1,155,000		

1,155,000	
Interest Payments		1,218,206		1,238,419		1,238,419	
Miscellaneous			0		0		0	
Total Expenditures			$	2,373,206	$	2,393,419	$	2,393,419	
							
Excess/Shortfall			$	-	$	(140,404)	$	(140,408)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$1,299,401	
($140,404)	
$1,158,997	

Notes
Reserve Fund Balances = $560,000*. Revenue Fund Balance = $598,997*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $598,997.
* Approximate Amounts
Revenue Fund Balance Is As Of 10/31/22.

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 9/30/22 =	May 2038

$27,000,000	May 1st & November 1st	

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
	2021/2022
ANNUAL BUDGET 10/1/21 - 9/30/22	2021/2022
AMENDED FINAL BUDGET 10/1/21 - 9/30/22	2021/2022
ACTUAL 10/1/21 - 9/29/22	
REVENUES	
Interest Income			

0	

120	

119	
Debt Collections (2019A-1)			1,409,511	1,351,800	1,351,800	
Debt Collections (2019A-2)			1,188,107	0	0	
Prepaid Debt Collections (2019A-1)				0	18,926	18,926	
Total Revenues			$	2,597,618 $	1,370,846 $	1,370,845	

EXPENDITURES	
Principal Payments (2019A-1)			

610,000	

610,000	

610,000	
Principal Payments (2019A-2)			515,000	0	0	
Interest Payments (2019A-1)			791,488	807,013	807,013	
Interest Payments (2019A-2)			670,307	0	0	
Miscellaneous - Bond Redemption (2019A-1)			8,023	10,000	10,000	
Miscellaneous - Bond Redemption (2019A-2)				2,800	0	0	
Total Expenditures			$	2,597,618 $	1,427,013 $	1,427,013	
						
Excess/Shortfall			$	-  $	(56,167) $	(56,168)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$684,944	
($56,167)	
$628,777	

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 = $407,495* Prepayment Account Balances = $20,282*.
Revenue Account Balances To Be Used To Make 11/1/2022 2019A-1 Interest Payment Of $385,825.
Prepayment Account Balances To Be Used To Make 2019A-1 11/1/2022 Extraordinary Principal Payment Of $20,000.
* 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 9/30/22 =	$13,420,000		

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 9/30/22 =	$12,830,000		

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2021/2022
ANNUAL BUDGET 10/1/21 - 9/30/22	2021/2022
AMENDED FINAL BUDGET 10/1/21 - 9/30/22		2021/2022
ACTUAL 10/1/21 - 9/29/22	

REVENUES	
Interest Income			

0	

28		

27	
Debt Collections			1,259,419	1,252,164		1,252,164	
Payment By Developer			0	37,763		37,763	
Prepaid Debt Collections				0	41,850		41,850	
Total Revenues			$	1,259,419 $	1,331,805	$	1,331,804	

EXPENDITURES	
Principal Payments			

620,000	

620,000		

620,000	
Interest Payments			633,435	640,691		640,691	
Miscellaneous / Extra Redemption				5,984	40,000		40,000	
Total Expenditures			$	1,259,419 $	1,300,691	$	1,300,691	
							
Excess/Shortfall			$	-  $	31,114	$	31,113	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$405,329	
$31,114	
$436,443	

Notes
Reserve Fund Balance = $100,000*. Revenue Fund Balance = $312,193*. Prepayment Account Balance = $24,250*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $308,905.
Prepayment Account Balance To Be Used To Make 11/1/2022 Extraordinary Principal Payment Of $20,000.
* Approximate Amounts

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 9/30/22 =	May 2037

$13,395,000	May 1st & November 1st	

UNIT 4 DEBT SERVICE FUND FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2021/2022
ANNUAL BUDGET 10/1/21 - 9/30/22		2021/2022
AMENDED FINAL BUDGET 10/1/21 - 9/30/22		2021/2022
ACTUAL 10/1/21 - 9/29/22	

REVENUES	
Interest Income			

0		

48		

44	
Debt Collections			837,666		714,328		714,328	
Payment By Developer			0		118,349		118,349	
Prepaid Debt Collections				0		0		0	
Total Revenues			$	837,666	$	832,725	$	832,721	

EXPENDITURES	
Principal Payments			

260,000		

255,000		

255,000	
Interest Payments			572,725		577,028		577,028	
Miscellaneous				4,941		0		0	
Total Expenditures			$	837,666	$	832,028	$	832,028	
								
Excess/Shortfall			$	-	$	697	$	693	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$1,135,633	
$697	
$1,136,330	

Notes
Reserve Fund Balance = $586,014*. Revenue Fund Balance = $546,363*. Prepayment Account Fund Balance = $3,953*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $546,363. (Principal Payment: $260,000 & Interest Payment Of $286,333).
* Approximate Amounts - Revenue Account Balance Is As of 10/31/22.

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 9/30/22 =	November 2046

$11,870,000	May 1st & November 1st	

BASEBALL STADIUM BONDS DEBT SERVICE FUND FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2020/2021
ANNUAL BUDGET 10/1/21 - 9/30/22		2020/2021
AMENDED FINAL BUDGET 10/1/21 - 9/30/22		2020/2021
ACTUAL 10/1/21 - 9/29/22	

REVENUES	
Interest Income			

0		

18		

18	
State Of Florida Pledged Revenues				1,000,000		999,996		999,996	
Total Revenues			$	1,000,000	$	1,000,014	$	1,000,014	

EXPENDITURES	
Principal Payments			

560,000		

560,000		

560,000	
Interest Payments			440,773		440,773		440,773	
Other/Extra Redemption				773		0		0	
Total Expenditures			$	1,001,546	$	1,000,773	$	1,000,773	
								
Excess/Shortfall			$	(1,546)	$	(759)	$	(759)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$280,905	
($759)	
$280,146	

Notes
Bond Service Fund Balance = $168,645*. Revenue Fund Balance = $111,501*.
Bond Service Fund Balance And October 2022 Through January 2023 State Of Florida Pledged Revenues To Be Used To Make 2/1/2023 Principal & Interest Payment Of $494,116 (Principal Payment: $285,000 & Interest Payment Of $214,116).
* 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 9/30/22 =	February 2038

$11,610,000	February 1st & August 1st	

BASEBALL STADIUM NOTES DEBT SERVICE FUND FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2021/2022
ANNUAL BUDGET 10/1/21 - 9/30/22		2021/2022
AMENDED FINAL BUDGET 10/1/21 - 9/30/22		2021/2022
ACTUAL 10/1/21 - 9/29/22	

REVENUES	
Interest Income			

0		

24,225		

24,225	
Payment By Atlanta Braves				2,625,720		3,882,893		3,882,893	
Total Revenues			$	2,625,720	$	3,907,118	$	3,907,118	

EXPENDITURES	
Principal Payments			

1,347,805		

1,354,805		

1,354,805	
Interest Payments			1,240,791		1,233,791		1,233,791	
Other/Extra Redemption				37,124		0		0	
Total Expenditures			$	2,625,720	$	2,588,596	$	2,588,596	
								
Excess/Shortfall			$	-	$	1,318,522	$	1,318,522	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$4,094,636	
$1,318,522	
$5,413,158	

Notes
Reserve Fund Balance = $4,111,922*. Revenue Fund Balance = $1,301,236*.
Revenue Fund Balance To Be Used To Make 12/30/2022 Principal & Interest Payment Of $1,294,298 (Principal Payment: $701,317 & Interest Payment Of $592,981).
* Approximate Amounts

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 9/30/22 =	December 2033

$21,962,276	June 30th & December 30th	

	FISCAL YEAR	FISCAL YEAR		FISCAL YEAR	
	2021/2022
ANNUAL BUDGET 10/1/21 - 9/30/22	2021/2022
AMENDED FINAL BUDGET 10/1/21 - 9/30/22		2021/2022
ACTUAL 10/1/21 - 9/29/22	

REVENUES	
Interest Income			

0	

105		

102	
Debt Collections (Master)			1,974,499	0		0	
Payment By Developer (Master)			0	2,566,807		2,165,302	
Debt Collections (Village B)			86,602	0		0	
Payment By Developer (Village B)				0	98,245		67,482	
Total Revenues			$	2,061,101 $	2,665,157	$	2,232,886	

EXPENDITURES	
Principal Payments (Master)			

515,000	

515,000		

515,000	
Principal Payments (Village B)			20,000	20,000		20,000	
Interest Payments (Master)			1,454,238	1,464,538		1,464,538	
Interest Payments (Village B)			61,925	62,325		62,325	
Other/Extra Redemption				9,938	0		0	
Total Expenditures			$	2,061,101 $	2,061,863	$	2,061,863	
							
Excess/Shortfall			$	- $	603,294	$	171,023	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$2,210,100	
$603,294	
$2,813,394	

Notes
Reserve Fund Balances = $2,060,662*. Revenue Fund Balances = $752,732*.
Revenue Fund Balances To Be Used To Make 11/1/2022 Interest Payments Of $752,732 (Master Interest Payment: $721,969 & Village B Interest Payment Of $30,763).
* Approximate Amounts - Revenue Account Balance Is As of 10/31/22.

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 9/30/22 =

Series 2019 Bond Information (Village B)	
$30,030,000		
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 9/30/22 =	
$1,280,000		

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR		
	2021/2022
ANNUAL BUDGET 10/1/21 - 9/30/22		2021/2022
AMENDED FINAL BUDGET 10/1/21 - 9/30/22		2021/2022
ACTUAL 10/1/21 - 9/29/22		

REVENUES	
Interest Income			

0		

14			

12	
Debt Collections			445,884		0			0	
Payment By Developer			0		443,267			335,027	
Bond Proceeds				0		0			0	
Total Revenues			$	445,884	$	443,281	$		335,039	

EXPENDITURES	
Principal Payments			

160,000		

160,000			

160,000	
Interest Payments			283,288		294,005			294,005	
Other/Extra Redemption				2,596		0			0	
Total Expenditures			$	445,884	$	454,005	$		454,005	
									
Excess/Shortfall			$	-	$	(10,724)	$		(118,966)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$374,249	
($10,724)	
$363,525	

Notes
Reserve Fund Balance = $222,881*. Revenue Fund Balance = $140,644*.
Revenue Account Balance To Be Used To Make 11/1/2022 Interest Payment Of $140,644.
* Approximate Amounts - Revenue Account Balance Is As of 10/31/22.

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 9/30/22 =	May 2051

$7,815,000	May 1st & November 1st	

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR		
	2021/2022
ANNUAL BUDGET 10/1/21 - 9/30/22		2021/2022
AMENDED FINAL BUDGET 10/1/21 - 9/30/22		2021/2022
ACTUAL 10/1/21 - 9/29/22		

REVENUES	
Interest Income			

0		

20			

19	
Debt Collections			725,308		721,864			492,552	
Payment By Developer			0		0			0	
Bond Proceeds				0		0			0	
Total Revenues			$	725,308	$	721,884	$		492,571	

EXPENDITURES	
Principal Payments			

260,000		

260,000			

260,000	
Interest Payments			461,894		479,356			479,356	
Other/Extra Redemption				0		0			0	
Total Expenditures			$	721,894	$	739,356	$		739,356	
									
Excess/Shortfall			$	3,414	$	(17,472)	$		(246,785)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$609,450	
($17,472)	
$591,978	

Notes
Reserve Fund Balance = $362,656*. Revenue Fund Balance = $229,322.*
Revenue Account Balance To Be Used To Make 11/1/2022 Interest Payment Of $229,322.
* Approximate Amounts - Revenue Account Balance Is As of 10/31/22.

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 9/30/22 =	May 2051

$12,740,000	May 1st & November 1st