Gulfstream Polo Community Development District

Final Budget For  Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2018/2019
BUDGET	
O&M Assessments	78,786	
Developer Contribution	0	
Debt Assessments	206,739	
Interest Income	0	
		
TOTAL REVENUES	$	285,525	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	2,500	
Management	33,684	
Legal	15,000	
Legal - Bond Validation	0	
Assessment Roll	5,000	
Audit Fees	3,300	
Arbitrage Rebate Fee	0	
Insurance	6,000	
Legal Advertisements	2,000	
Miscellaneous	1,000	
Postage	300	
Office Supplies	800	
Dues & Subscriptions	175	
Trustee Fees	3,300	
Continuing Disclosure Fee	1,000	
		
TOTAL EXPENDITURES	$	74,059	
		
REVENUES LESS EXPENDITURES	$	211,466	
		
Bond Payments	(194,335)	
		
BALANCE	$	17,131	
		
County Appraiser & Tax Collector Fee	(5,710)	
Discounts For Early Payments	(11,421)	
		
EXCESS/ (SHORTFALL)	$	-	

6/27/2018  9:08 AM	I

DETAILED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2016/2017 ACTUAL	
FISCAL YEAR 2017/2018 BUDGET	
FISCAL YEAR 2018/2019 BUDGET	

COMMENTS	
O&M Assessments	0	0	78,786	Expenditures/.94	
Developer Contribution	109,498	81,925	0		
Debt Assessments	0	0	206,739	Bond Payments/.94	
Interest Income	0	0	0		
					
TOTAL REVENUES	$	109,498	$	81,925	$	285,525		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	3,201	2,500	2,500	No Change From 2017/2018 Budget	
Management	30,250	33,000	33,684	CPI Adjustment	
Legal	9,712	20,000	15,000	$5,000 Decrease From 2017/2018 Budget	
Legal - Bond Validation	22,870	0	0	Fiscal Year 2016/2017 Expenditure	
Assessment Roll	0	5,000	5,000	As Per Contract	
Audit Fees	0	4,000	3,300	Accepted Amount For 2017/2018 Audit	
Arbitrage Rebate Fee	0	650	0	Bond Issue qualifies For Small User Exception	
Insurance	3,137	6,000	6,000	No Change From 2017/2018 Budget	
Legal Advertisements	7,880	4,000	2,000	$2,000 Decrease From 2017/2018 Budget	
Miscellaneous	149	1,000	1,000	No Change From 2017/2018 Budget	
Postage	174	300	300	No Change From 2017/2018 Budget	
Office Supplies	1,281	1,000	800	$200 Decrease From 2017/2018 Budget	
Dues & Subscriptions	150	175	175	No Change From 2017/2018 Budget	
Trustee Fees	0	3,300	3,300	No Change From 2017/2018 Budget	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2017/2018 Budget	
					
TOTAL EXPENDITURES	$	78,804	$	81,925	$	74,059		
					
REVENUES LESS EXPENDITURES	$	30,694	$	-	$	211,466		
					
Bond Payments	0	0	(194,335)	2019 P & I Payments Less Earned Interest	
					
BALANCE	$	30,694	$	-	$	17,131		
					
County Appraiser & Tax Collector Fee	0	0	(5,710)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	(11,421)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	30,694	$	-	$	-		

6/27/2018 9:08 AM	II

DETAILED FINAL DEBT SERVICE FUND BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	

FISCAL YEAR

2016/2017

ACTUAL	

FISCAL YEAR

2017/2018

BUDGET	

FISCAL YEAR

2018/2019

BUDGET	

COMMENTS	

Interest Income	
5	
0	
0	
Projected Interest For 2018/2019	

Developer Contribution	
0	
183,924	
0	

2018 Payments Were Developer Funded	

NAV Tax Collection	
0	
0	
194,335	
Maximum Debt Service Collection	

Total Revenues	
$	5	
$	183,924	
$	194,335		

EXPENDITURES					

Principal Payments	
0	
25,000	
50,000	
Principal Payment Due In 2019	

Interest Payments	
0	
158,924	
132,488	
Interest Payments Due In 2019	

Bond Redemption	
0	
0	
11,847	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	183,924	
$	194,335		

Excess/ (Shortfall)	

$	5	

$	-	

$	-		

Series 2017 Bond Information

Original Par Amount =	$2,870,000	Annual Principal Payments Due =	November 1st	
Interest Rate = Issue Date = Maturity Date =	3.50% - 5.00%
August 2017
November 2047	Annual Interest Payments Due =	May 1st & November 1st	

Par Amount As Of 4/1/18 =	
$2,870,000			

6/27/2018 9:08 AM	III

GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Original	Fiscal Year	Fiscal Year	Fiscal Year
Projected	2016/2017	2017/2018	2018/2019
   Assessment* 	Assessment*	 	Assessment*	 Projected Assessment* 

O & M For Single Family Residential

$	-	$

-	$	-	$

89.23

Debt For Single Family Residential

$	1,164.89	$	-	$	- 

$	1,164.89

Total For Single Family Residential

$	1,164.89	$

-	$	-	$

1,254.12

O & M For Zero Lot Line Residential

$	-	$

-	$	-	$

89.23

Debt For Zero Lot Line Residential

$	1,063.82	$	-	$	- 

$	1,063.82

Total For Zero Lot Line Residential

$	1,063.82	$

-	$	-	$

1,153.05

O & M For Residential Townhomes

$	-	$

-	$	-	$

89.23

Debt For Residential Townhomes

$	814.89	$	-	$	- 

$	814.89

Total For Residential Townhomes

$	814.89	$

-	$	-	$

904.12

O & M For Pods C, D & E (656 Units)	$	-	$

-	$	-	$

89.23

Debt For Pods C, D & E

$	-	$	- 

$	-	$	- 

Total For Pods C, D & E (656 Units)	$	-	$

-	$	-	$

89.23

* Assessments Include the Following:	O&M Assessed To 883 Units
4% Discount for Early Payments	Debt Assessed To 227 Units 1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information 883 Total Units

(Pod B):
Single Family Residential: 1 Unit Zero Lot Line Residential: 86 Units Residential Townhomes: 140 Units Total:	227 Units

6/27/2018 9:08 AM	IV