Gulfstream Polo Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2017

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2019

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	78,712	78,235	78,235	
Debt Assessments - 2017	206,739	206,772	206,772	
Debt Assessments - 2019	629,288	523,612	523,612	
Developer Contribution - 2019 Debt	0	99,412	99,412	
Other Revenue	0	0	0	
Interest Income	60	162	162	
				
TOTAL REVENUES	$	914,799	$	908,193	$	908,193	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	2,500	5,700	4,666	
Management	35,724	35,724	35,724	
Legal	11,000	5,000	2,039	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	5,100	5,100	5,100	
Arbitrage Rebate Fee	650	650	650	
Insurance	5,800	5,435	5,435	
Legal Advertisements	1,500	1,900	1,609	
Miscellaneous	600	500	242	
Postage	300	660	645	
Office Supplies	675	690	661	
Dues & Subscriptions	175	175	175	
Trustee Fee	7,300	7,847	7,847	
Continuing Disclosure Fee	1,500	1,500	1,500	
TOTAL EXPENDITURES	$	77,824	$	75,881	$	71,293	
				
REVENUES LESS EXPENDITURES	$	836,975	$	832,312	$	836,900	
				
Bond Payments - 2017	(194,335)	(196,769)	(196,769)	
Bond Payments - 2019	(591,531)	(597,694)	(597,694)	
				
BALANCE	$	51,109	$	37,849	$	42,437	
				
Property Appraiser & Tax Collector Fee	(18,295)	(8,916)	(8,916)	
Discounts For Early Payments	(36,589)	(31,059)	(31,059)	
				
EXCESS/ (SHORTFALL)	$	(3,775)	$	(2,126)	$	2,462	
				
Carryover From Prior Year	3,775	3,775	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	1,649	$	2,462	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$26,952	
($2,126)	
$24,826	

Notes
Carryover From Prior Year Of $3,775 used to reduce Fiscal Year 2021/2022 Assessments.

AMENDED FINAL BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2017
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	12	11	
NAV Assessment Collection	194,335	196,769	196,769	
				
Total Revenues	$	194,360	$	196,781	$	196,780	
				
EXPENDITURES				
Principal Payments	55,000	55,000	55,000	
Interest Payments	126,888	127,850	127,850	
Bond Redemption	12,472	0	0	
Total Expenditures	$	194,360	$	182,850	$	182,850	
				
Excess/ (Shortfall)	$	-	$	13,931	$	13,930	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$257,740	
$13,931	
$271,671	

Notes
Reserve Fund Balance = $93,618*. Revenue Fund Balance = $178,053* Revenue Fund Used To Fund 11/1/22 Principal & Interest Payment Of $118,444 (Principal: $55,000 + Interest: $63,444 = $118,444).
* 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 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	29	28	
NAV Assessment Collection	591,531	498,282	498,282	
Payment By Developer	0	99,412	99,412	
Total Revenues	$	591,556	$	597,723	$	597,722	
				
EXPENDITURES				
Principal Payments	195,000	190,000	190,000	
Interest Payments	394,556	397,406	397,406	
Bond Redemption	2,000	0	0	
Transfer To Construction Fund	0	12	12	
Total Expenditures	$	591,556	$	587,418	$	587,418	
				
Excess/ (Shortfall)	$	-	$	10,305	$	10,304	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$697,928	
$10,305	
$708,233	

Notes
Reserve Fund Balance = $295,766*. Revenue Fund Balance = $412,467* Revenue Fund Used To Fund 11/1/22 Principal & Interest Payment Of $392,278 (Principal: $195,000 + Interest: $197,278 = $392,278).
* 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