Gulfstream Polo Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

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 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	78,774	78,286	78,286	
Debt Assessments - 2017	206,739	206,748	206,748	
Debt Assessments - 2019	529,876	523,553	523,553	
Developer Contribution - 2019 Debt	99,412	487,315	487,315	
Other Revenue	0	0	0	
Interest Income	60	135	133	
				
TOTAL REVENUES	$	914,861	$	1,296,037	$	1,296,035	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	2,500	2,000	624	
Management	35,232	35,232	35,232	
Legal	12,000	5,000	1,197	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	5,000	5,000	5,000	
Arbitrage Rebate Fee	650	650	650	
Insurance	5,800	5,251	5,251	
Legal Advertisements	1,500	1,800	1,531	
Miscellaneous	600	300	22	
Postage	300	90	82	
Office Supplies	725	200	173	
Dues & Subscriptions	175	175	175	
Trustee Fee	6,400	7,211	7,211	
Continuing Disclosure Fee	2,000	1,500	1,500	
Miscellaneous Maintenance	0	3,000	3,000	
TOTAL EXPENDITURES	$	77,882	$	72,409	$	66,648	
				
REVENUES LESS EXPENDITURES	$	836,979	$	1,223,628	$	1,229,387	
				
Bond Payments - 2017	(194,335)	(198,569)	(198,569)	
Bond Payments - 2019	(591,531)	(990,155)	(990,155)	
				
BALANCE	$	51,113	$	34,904	$	40,663	
				
Property Appraiser & Tax Collector Fee	(18,296)	(9,021)	(9,021)	
Discounts For Early Payments	(36,592)	(23,905)	(23,905)	
				
EXCESS/ (SHORTFALL)	$	(3,775)	$	1,978	$	7,737	
				
Carryover From Prior Year	3,775	3,775	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	5,753	$	7,737	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$26,952	
$1,978	
$28,930	

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2017
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	25	11	10	
NAV Assessment Collection	194,335	198,569	198,569	
				
Total Revenues	$	194,360	$	198,580	$	198,579	
				
EXPENDITURES				
Principal Payments	55,000	55,000	55,000	
Interest Payments	128,813	129,775	129,775	
Bond Redemption	10,547	0	0	
Total Expenditures	$	194,360	$	184,775	$	184,775	
				
Excess/ (Shortfall)	$	-	$	13,805	$	13,804	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$243,934	
$13,805	
$257,739	

Notes
Reserve Fund Balance = $93,613*. Revenue Fund Balance = $164,126* Revenue Fund Used To Fund 11/1/21 Principal & Interest Payment Of $119,406 (Principal: $55,000 + Interest: $64,406 = $119,406).
* 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 =	November 2047	May 1st & November 1st	

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	25	26	24	
NAV Assessment Collection	591,531	602,252	602,252	
Payment By Developer	0	387,903	387,903	
Total Revenues	$	591,556	$	990,181	$	990,179	
				
EXPENDITURES				
Principal Payments	190,000	185,000	185,000	
Interest Payments	400,256	403,031	403,031	
Bond Redemption	1,300	0	0	
Transfer To Construction Fund	0	14	14	
Total Expenditures	$	591,556	$	588,045	$	588,045	
				
Excess/ (Shortfall)	$	-	$	402,136	$	402,134	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$295,792	
$402,136	
$697,928	

Notes
Reserve Fund Balance = $295,766*. Revenue Fund Balance = $402,162* Revenue Fund Used To Fund 11/1/21 Principal & Interest Payment Of $116,244 (Principal: $190,000 + Interest: $200,128 = $390,128).
11/1/20 Principal & Interest Payment Was 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 =	November 2049	May 15th & November 15th