Bluewaters 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

AMENDED FINAL BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

	FISCAL YEAR	AMENDED	YEAR	
	2019/2020	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
REVENUES	10/1/19 - 9/30/20	10/1/19 - 9/30/20	10/1/19 - 9/29/20	
ADMINISTRATIVE ASSESSMENTS	81,527	82,871	82,871	
MAINTENANCE ASSESSMENTS	117,149	117,149	117,149	
DEBT ASSESSMENTS	419,947	419,947	419,947	
OTHER REVENUES	0	198	198	
INTEREST INCOME	420	510	504	
				
TOTAL REVENUES	$	619,043	$	620,675	$	620,669	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	2,000	2,125	2,125	
PAYROLL TAXES (EMPLOYER)	153	163	163	
MANAGEMENT	29,448	29,448	29,448	
SECRETARIAL	4,200	4,200	4,200	
LEGAL	11,500	8,800	7,365	
LEGAL/OTHER	2,400	0	0	
ASSESSMENT ROLL	6,000	6,000	6,000	
AUDIT FEES	3,700	3,500	3,500	
ARBITRAGE REBATE FEE	650	650	0	
INSURANCE	7,500	5,894	5,894	
LEGAL ADVERTISING	700	1,000	854	
MISCELLANEOUS	2,820	2,000	1,416	
POSTAGE	550	145	142	
OFFICE SUPPLIES	700	325	282	
DUES & SUBSCRIPTIONS	175	175	175	
TRUSTEE FEES	4,500	4,500	4,500	
CONTINUING DISCLOSURE FEE	350	350	350	
WEBSITE MANAGEMENT	2,000	2,000	2,000	
ADMINISTRATIVE CONTINGENCY	1,000	250	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	80,346	$	71,525	$	68,414	
				
MAINTENANCE EXPENDITURES				
AQUATIC MAINTENANCE	6,000	3,564	3,564	
WHITE FLY PEST CONTROL	2,500	1,600	1,200	
LAWN & LANDSCAPE MAINTENANCE	48,000	53,000	51,601	
IRRIGATION SYSTEM MAINTENANCE	8,400	1,500	842	
ELECTRICITY FOR IRRIGATION SYSTEM & SIGNAGE	2,400	526	526	
COMMUNITY SIGN UPKEEP/DECORATIONS	2,400	600	300	
COMMUNITY JANITORIAL SERVICES	15,000	444	444	
PARKING ENFORCEMENT & TOWING EXPENSES	7,500	7,200	7,200	
MISCELLANEOUS SERVICES	7,200	4,000	1,400	
FIELD OPERATIONS	2,520	2,520	2,520	
ENGINEERING/INSPECTIONS/OTHER	1,000	995	995	
MAINTENANCE CONTINGENCY	7,200	3,000	130	
TOTAL MAINTENANCE EXPENDITURES	$	110,120	$	78,949	$	70,722	
				
TOTAL EXPENDITURES	$	190,466	$	150,474	$	139,136	
				
REVENUES LESS EXPENDITURES	$	428,577	$	470,201	$	481,533	
				
BOND PAYMENTS	(394,750)	(400,832)	(400,832)	
				
BALANCE	$	33,827	$	69,369	$	80,701	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(12,372)	(5,974)	(5,974)	
DISCOUNTS FOR EARLY PAYMENTS	(24,745)	(22,198)	(22,198)	
				
EXCESS/ (SHORTFALL)	$	(3,290)	$	41,197	$	52,529	
				
CARRYOVER FROM PRIOR YEAR	3,290	3,290	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	44,487	$	52,529	

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

$396,975	
$41,197	
$438,172	

Notes
Carryover From Prior Year Of $3,290 used to reduce Fiscal Year 2019/2020 Assessments. Carryover From Prior Year Of $5,430 to be used to reduce Fiscal Year 2020/2021 Assessments.

10/2/2020 12:54 PM	I

AMENDED FINAL BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE 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	
Interest Income	100	3,875	3,865	
NAV Tax Collection	394,750	400,832	400,832	
Total Revenues	$	394,850	$	404,707	$	404,697	
				
EXPENDITURES				
Principal Payments	205,000	205,000	205,000	
Interest Payments	136,085	138,805	138,805	
Mandatory Principal Redemption	53,765	45,000	45,000	
Total Expenditures	$	394,850	$	388,805	$	388,805	
				
Excess/ (Shortfall)	$	-	$	15,902	$	15,892	

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

$403,000	
$15,902	
$418,902	

Notes
Reserve Fund Balance = $185,143*. Revenue Fund Balance = $233,759*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $65,535 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 9/30/20 =	May 2035

$3,855,000	May 1st & November 1st	

10/2/2020 12:54 PM	II