Gulfstream Polo Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
O & M Assessments	0	0	0	
Developer Contribution - O & M	81,925	40,963	40,963	
Debt Assessments	0	0	0	
Developer Contribution - Debt	0	92,242	92,242	
Other Revenue	0	0	0	
Interest Income	0	14	14	
				
TOTAL REVENUES	$	81,925	$	133,219	$	133,219	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	2,500	1,500	350	
Management	33,000	33,000	33,000	
Legal	20,000	5,048	5,048	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	4,000	3,200	3,200	
Arbitrage Rebate Fee	650	0	0	
Insurance	6,000	5,444	5,444	
Legal Advertisements	4,000	1,750	1,070	
Miscellaneous	1,000	1,000	72	
Postage	300	205	198	
Office Supplies	1,000	275	254	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,300	3,180	3,180	
Continuing Disclosure Fee	1,000	1,000	1,000	
				
TOTAL EXPENDITURES	$	81,925	$	60,777	$	57,991	
				
REVENUES LESS EXPENDITURES	$	-	$	72,442	$	75,228	
				
Bond Payments	-	(92,242)	(92,242)	
				
BALANCE	$	-	$	(19,800)	$	(17,014)	
				
Property Appraiser & Tax Collector Fee	-	-	-	
Discounts For Early Payments	-	-	-	
				
EXCESS/ (SHORTFALL)	$	-	$	(19,800)	$	(17,014)	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(19,800)	$	(17,014)	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$30,703	
($19,800)	
$10,903	

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income	0	213	213	
NAV Assessment Collection	0	0	0	
Payment By Developer	0	92,242	92,242	
				
Total Revenues	$	-	$	92,455	$	92,455	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	92,242	92,242	
				
Total Expenditures	$	-	$	92,242	$	92,242	
				
Excess/ (Shortfall)	$	-	$	213	$	213	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$93,049	
$213	
$93,262	

Notes
Reserve Fund Balance = $93,262*.
November 2018 Principal & Interest Payment Of $91,681 (Principal: $25,000 & Interest: $66,681)
Funded By Developer.
* Approximate Amount

Series 2017 Bond Information

Original Par Amount =	$2,870,000	Annual Principal Payments Due:	
Interest Rate =	3.5% - 5.0%	November 1st	
Issue Date =	August 2017	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/18 =	November 2047

$2,870,000	May 1st & November 1st