Bluewaters 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

AMENDED FINAL BUDGET
BLUEWATERS 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	
Administrative Assessments	84,224	85,296	85,296	
Maintenance Assessments	114,468	114,468	114,468	
Debt Assessments	419,947	419,947	419,947	
Other Revenues	0	3,444	3,444	
Interest Income	360	850	841	
				
TOTAL REVENUES	$	618,999	$	624,005	$	623,996	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	2,000	1,750	1,750	
Payroll Taxes - Employer	153	142	142	
Management	28,908	28,908	28,908	
Secretarial/Field Operations	4,200	4,200	4,200	
Legal	12,000	10,000	7,184	
Legal/Other	2,400	0	0	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,600	3,600	3,600	
Arbitrage Rebate Fee	650	650	0	
Insurance	7,500	5,750	5,750	
Legal Advertisements	725	725	259	
Miscellaneous	2,820	2,200	1,209	
Postage	575	225	203	
Office Supplies	725	400	353	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,500	4,500	4,500	
Continuing Disclosure Fee	350	350	350	
Website Management	1,500	1,500	1,500	
Administrative Contingency	1,000	250	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	79,781	$	71,325	$	66,083	
				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance	6,000	4,000	3,413	
White Fly Pest Control	2,500	1,500	1,200	
Lawn & Landscape Maintenance	47,400	48,500	45,376	
Irrigation System Maintenance	11,400	7,000	5,145	
Electricity For Irrigation System & Signage	3,000	1,000	517	
Community Sign/Landscaping/Lighting	3,900	1,000	525	
Parking Enforcement & Towing Expenses	7,500	7,500	7,200	
Miscellaneous Services	10,800	7,500	3,121	
Field Operations	2,100	2,100	2,100	
Engineering/Inspections	1,000	1,000	1,000	
Maintenance/Contingency	12,000	12,000	11,063	
TOTAL MAINTENANCE EXPENDITURES	$	107,600	$	93,100	$	80,660	
				
TOTAL EXPENDITURES	$	187,381	$	164,425	$	146,743	
				
REVENUES LESS EXPENDITURES	$	431,618	$	459,580	$	477,253	
				
Bond Payments	(394,750)	(400,720)	(400,720)	
				
BALANCE	$	36,868	$	58,860	$	76,533	
				
County Appraiser & Tax Collector Fee	(12,373)	(5,969)	(5,969)	
Discounts For Early Payments	(24,745)	(22,364)	(22,364)	
				
EXCESS/ (SHORTFALL)	$	(250)	$	30,527	$	48,200	
				
Carryover From Prior Year	250	250	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	30,777	$	48,200	

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

$349,774	
$30,527	
$380,301	

Notes
Carryover From Prior Year Of $250 used to reduce Fiscal Year 2018/2019 Assessments. Carryover From Prior Year Of $3,290 to be used to reduce Fiscal Year 2019/2020 Assessments.

10/7/2019 2:58 PM	I

AMENDED FINAL BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE 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	
Interest Income	50	9,200	9,124	
NAV Tax Collection	394,750	400,720	400,720	
Total Revenues	$	394,800	$	409,920	$	409,844	
				
EXPENDITURES				
Principal Payments	200,000	200,000	200,000	
Interest Payments	144,500	147,135	147,135	
Extraordinary Principal Payments	50,300	45,000	45,000	
Total Expenditures	$	394,800	$	392,135	$	392,135	
				
Excess/ (Shortfall)	$	-	$	17,785	$	17,709	

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

$384,607	
$17,785	
$402,392	

Notes
Reserve Fund Balance = $183,183*. Revenue Fund Balance = $219,209*.
Revenue Fund Balance To Be Used To Make 11/1/2018 Interest Payment Of $69,785 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 9/30/19 =	May 2035

$4,105,000	May 1st & November 1st	

10/7/2019 2:58 PM	II