Bluewaters Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	83,243	84,597	84,597	
Maintenance Assessments	115,468	115,710	115,710	
Debt Assessments	419,947	420,831	420,831	
Other Revenues	0	0	0	
Interest Income	300	805	793	
				
TOTAL REVENUES	$	618,958	$	621,943	$	621,931	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	2,000	746	746	
Payroll Taxes - Employer	153	54	54	
Management	28,320	28,320	28,320	
Secretarial/Field Operations	4,200	4,200	4,200	
Legal	12,000	8,500	7,360	
Legal/Other	3,600	500	0	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,600	3,600	3,600	
Arbitrage Rebate Fee	650	650	0	
Insurance	6,545	6,545	6,545	
Legal Advertisements	750	500	243	
Miscellaneous	2,705	2,000	1,448	
Postage	600	120	113	
Office Supplies	750	550	523	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,500	4,500	4,500	
Continuing Disclosure Fee	500	3,500	350	
Website Management	1,500	1,500	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	78,548	$	71,960	$	65,677	
				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance	5,700	5,200	4,190	
White Fly Pest Control	2,500	2,500	2,020	
Lawn & Landscape Maintenance	45,000	43,500	38,379	
Irrigation System Maintenance	9,900	5,750	4,022	
Electricity For Irrigation System & Signage	3,000	550	455	
Community Sign/Landscaping/Lighting	5,160	1,500	1,135	
Parking Enforcement & Towing Expenses	6,200	6,000	5,400	
Maintenance Contingency	12,760	10,000	8,173	
Miscellaneous Services	14,400	0	0	
Field Operations	1,920	1,920	1,920	
Engineering/Inspections	2,000	850	850	
TOTAL MAINTENANCE EXPENDITURES	$	108,540	$	77,770	$	66,544	
				
TOTAL EXPENDITURES	$	187,088	$	149,730	$	132,221	
				
REVENUES LESS EXPENDITURES	$	431,870	$	472,213	$	489,710	
				
Bond Payments	(394,750)	(401,678)	(401,678)	
				
BALANCE	$	37,120	$	70,535	$	88,032	
				
County Appraiser & Tax Collector Fee	(12,373)	(5,986)	(5,986)	
Discounts For Early Payments	(24,747)	(22,238)	(22,238)	
				
EXCESS/ (SHORTFALL)	$	-	$	42,311	$	59,808	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	42,311	$	59,808	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$294,736	
$42,311	
$337,047	

Notes
Carryover From Prior Year Of $250 to be used to reduce Fiscal Year 2018/2019 Assessments.

9/28/2018 3:03 PM	I

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

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income	0	4,800	4,770	
NAV Tax Collection	394,750	401,678	400,837	
Total Revenues	$	394,750	$	406,478	$	405,607	
				
EXPENDITURES				
Principal Payments	190,000	190,000	190,000	
Interest Payments	152,660	155,125	155,125	
Mandatory Extraordinary Principal Payments	52,090	45,000	45,000	
Total Expenditures	$	394,750	$	390,125	$	390,125	
				
Excess/ (Shortfall)	$	-	$	16,353	$	15,482	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$367,701	
$16,353	
$384,054	

Notes
Reserve Fund Balance = $179,306*. Revenue Fund Balance = $204,736*.
Revenue Fund Balance To Be Used To Make 11/1/2018 Interest Payment Of $73,950 and Extraordinary Mandatory Principal Payment Of $45,000.
* Approximate Amounts

Series 2014 Bond Refunding Information
Original Par Amount =	$5,220,000	Annual Principal Payments Due:	
Interest Rate =	3.4% - 8.4%	May 1st	
Issue Date =	August 2014	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/18 =	May 2035

$4,350,000	May 1st & November 1st	

9/28/2018 3:03 PM	II