Gulfstream Polo Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

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 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	78,786	75,322	75,322	
Debt Assessments - 2017	206,739	206,762	206,762	
Debt Assessments - 2019	0	0	0	
Developer Contribution - 2019 Debt	0	202,903	202,903	
Other Revenue	0	0	0	
Interest Income	60	67	67	
				
TOTAL REVENUES	$	285,585	$	485,054	$	485,054	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	2,500	2,500	1,726	
Management	34,440	34,440	34,440	
Legal	14,000	4,948	4,948	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,400	4,900	4,900	
Arbitrage Rebate Fee	0	650	0	
Insurance	6,200	5,000	5,000	
Legal Advertisements	2,000	3,500	2,769	
Miscellaneous	800	600	35	
Postage	300	225	208	
Office Supplies	775	255	230	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,300	7,211	7,211	
Continuing Disclosure Fee	1,000	1,500	1,500	
Reserve	229	229	0	
TOTAL EXPENDITURES	$	74,119	$	70,904	$	68,142	
				
REVENUES LESS EXPENDITURES	$	211,466	$	414,150	$	416,912	
				
Bond Payments - 2017	(194,335)	(197,679)	(197,679)	
Bond Payments - 2019	0	(202,903)	(202,903)	
				
BALANCE	$	17,131	$	13,568	$	16,330	
				
Property Appraiser & Tax Collector Fee	(5,710)	(2,753)	(2,753)	
Discounts For Early Payments	(11,421)	(7,795)	(7,795)	
				
EXCESS/ (SHORTFALL)	$	-	$	3,020	$	5,782	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	3,020	$	5,782	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$20,615	
$3,020	
$23,635	

11/11/2020  4:34 PM	I

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2017
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR  TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	0	168	168	
NAV Assessment Collection	194,335	197,679	197,679	
				
Total Revenues	$	194,335	$	197,847	$	197,847	
				
EXPENDITURES				
Principal Payments	55,000	50,000	50,000	
Interest Payments	130,738	131,613	131,613	
Bond Redemption	8,597	0	0	
Total Expenditures	$	194,335	$	181,613	$	181,613	
				
Excess/ (Shortfall)	$	-	$	16,234	$	16,234	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$227,699	
$16,234	
$243,933	

Notes
Reserve Fund Balance = $93,608*. Revenue Fund Balance = $150,325* Revenue Fund Used To Fund 11/1/20 Principal & Interest Payment Of $116,244 (Principal: $55,000 + Interest: $65,369 = $120,369).
* 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 9/30/20 =	November 2047

$2,795,000	May 1st & November 1st	

11/11/2020 4:34 PM	II

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR  TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	0	269	269	
NAV Assessment Collection	0	0	0	
Payment By Developer	0	202,903	202,903	
Total Revenues	$	-	$	203,172	$	203,172	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	281,810	281,810	
Transfer To Construction Fund	0	247	247	
Total Expenditures	$	-	$	282,057	$	282,057	
				
Excess/ (Shortfall)	$	-	$	(78,885)	$	(78,885)	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$374,677	
($78,885)	
$295,792	

Notes
Reserve Fund Balance = $295,765*. Revenue Fund Balance = $27* 11/1/2020 Principal & Interest Payment Of $387,903
(Principal: $185,000 + Interest: $202,903 = $387,903). To Be Developer Funded
* 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 9/30/20 =	November 2049

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

11/11/2020 4:34 PM	
III