Gulfstream Polo Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2017 III	AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2019

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

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments	78,786	75,340	75,340	
Debt Assessments - 2017	206,739	206,924	206,924	
Debt Assessments - 2019	0	0	0	
Developer Contribution - 2017 Debt	0	91,681	91,681	
Other Revenue	0	0	0	
Interest Income	0	85	83	
				
TOTAL REVENUES	$	285,525	$	374,030	$	374,028	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	2,500	10,000	7,451	
Management	33,684	33,684	33,684	
Legal	15,000	7,500	4,332	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,300	3,300	3,300	
Arbitrage Rebate Fee	0	0	0	
Insurance	6,000	5,872	5,872	
Legal Advertisements	2,000	2,000	1,596	
Miscellaneous	1,000	500	62	
Postage	300	125	112	
Office Supplies	800	450	404	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,300	3,180	3,180	
Continuing Disclosure Fee	1,000	1,000	1,000	
				
TOTAL EXPENDITURES	$	74,059	$	72,786	$	66,168	
				
REVENUES LESS EXPENDITURES	$	211,466	$	301,244	$	307,860	
				
Bond Payments - 2017	(194,335)	(288,809)	(288,809)	
Bond Payments - 2019	0	0	0	
				
BALANCE	$	17,131	$	12,435	$	19,051	
				
Property Appraiser & Tax Collector Fee	(5,710)	(3,197)	(3,197)	
Discounts For Early Payments	(11,421)	(8,626)	(8,626)	
				
EXCESS/ (SHORTFALL)	$	-	$	612	$	7,228	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	612	$	7,228	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$13,960	
$612	
$14,572	

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2017
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	0	510	497	
NAV Assessment Collection	194,335	197,128	197,128	
Payment By Developer	0	91,681	91,681	
				
Total Revenues	$	194,335	$	289,319	$	289,306	
				
EXPENDITURES				
Principal Payments	50,000	25,000	25,000	
Interest Payments	132,488	132,925	132,925	
Bond Redemption	11,847	0	0	
Total Expenditures	$	194,335	$	157,925	$	157,925	
				
Excess/ (Shortfall)	$	-	$	131,394	$	131,381	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$96,279	
$131,394	
$227,673	

Notes
Reserve Fund Balance = $93,514*. Revenue Fund Balance = $134,159* Revenue Fund Used To Fund 11-1-19 Principal & Interest Payment Of $116,244 (Principal: $50,000 + Interest: $66,244 = $116,244).
* Approximate Amounts

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 9/30/19 =	November 2047

$2,845,000	May 1st & November 1st	

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

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	0	20	0	
NAV Assessment Collection	0	0	0	
Debt Service Fund Bond Proceeds	0	374,672	374,672	
Payment By Developer	0	0	0	
Total Revenues	$	-	$	374,692	$	374,672	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	0	0	
Transfer To Construction Fund	0	20	0	
Bond Redemption	0	0	0	
Total Expenditures	$	-	$	20	$	-	
				
Excess/ (Shortfall)	$	-	$	374,672	$	374,672	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$0	
$374,672	
$374,672	

Notes
Reserve Fund Balance = $295,765*. Interest Fund Balance = $78,907* Interest Fund Balance To Used To Make 11/1/2019 Interest Payment  Of $78,907.
Capital Projects Fund Proceeds = $9,485,328*
Fiscal Year 2018/2019 Capital Outlays = $7,470,756*
Fiscal Year 2018/2019 Cost Of Issuance Expenditures = $385,086* Fiscal Year 2018/2019 Bond Premium Expenditure = $201,391*
* Approximate Amounts

Series 2019 Bond Information

Original Par Amount =	$9,860,000	Annual Principal Payments Due:	
Interest Rate =	3.0% - 4.375%	November 15th	
Issue Date =	August 2019	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	November 2049

$9,860,000	May 15th & November 15th