Terracina
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
TERRACINA 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	
O & M Assessments	126,401	126,368	126,368	
Debt Assessments	339,872	339,508	339,508	
Other Revenues	0	0	0	
Interest Income	240	324	324	
				
TOTAL REVENUES	$	466,513	$	466,200	$	466,200	
				
EXPENDITURES				
SUPERVISOR FEES	6,000	9,400	9,400	
PAYROLL TAXES - EMPLOYER	480	719	719	
AQUATIC LAKE MAINTENANCE	20,000	24,800	23,779	
FOUNTAIN MAINTENANCE	3,000	1,500	708	
ENGINEERING/INSPECTIONS	6,000	9,493	9,493	
MANAGEMENT	33,036	33,036	33,036	
SECRETARIAL	4,200	4,200	4,200	
LEGAL	3,500	5,644	5,644	
ASSESSMENT ROLL	8,000	8,000	8,000	
AUDIT FEES	4,220	4,000	4,000	
INSURANCE	6,646	5,250	5,250	
LEGAL ADVERTISING	1,150	1,150	519	
MISCELLANEOUS	1,000	1,500	1,258	
POSTAGE	300	145	135	
OFFICE SUPPLIES	500	880	859	
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	
CONTINGENCY (FOUNTAIN)	14,500	35,664	35,664	
				
TOTAL EXPENDITURES	$	119,057	$	151,906	$	149,189	
				
REVENUES LESS EXPENDITURES	$	347,456	$	314,294	$	317,011	
				
BOND PAYMENTS	(319,480)	(323,995)	(323,995)	
				
BALANCE	$	27,976	$	(9,701)	$	(6,984)	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(9,325)	(2,483)	(2,483)	
DISCOUNTS FOR EARLY PAYMENT	(18,651)	(16,913)	(16,913)	
				
EXCESS/ (SHORTFALL)	$	-	$	(29,097)	$	(26,380)	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(29,097)	$	(26,380)	

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

$74,672	
($29,097)	
$45,575	

.

11/21/2019  12:38 PM	I

AMENDED FINAL BUDGET
TERRACINA 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	200	6,648	6,648	
NAV Tax Collection	319,480	323,995	323,995	
Total Revenues	$	319,680	$	330,643	$	330,643	
				
EXPENDITURES				
Principal Payments	160,000	160,000	160,000	
Interest Payments	119,680	120,445	120,445	
Mandatory Redemption	40,000	35,000	35,000	
Total Expenditures	$	319,680	$	315,445	$	315,445	
				
Excess/ (Shortfall)	$	-	$	15,198	$	15,198	

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

$280,802	
$15,198	
$296,000	

Notes
Reserve Fund Balance = $149,250*. Revenue Fund Balances = $146,750*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $57,205 and Mandatory Extraordinary Principal Payment Of $40,000.
* Approximate Amounts

Series 2014 Bond Refunding Information		
Original Par Amount =	$4,260,000	Annual Principal Payments Due:	
Interest Rate =	3.4% - 8.4%	May 1st	
Issue Date =	June 2014	Annual Interest Payments Due:	
Maturity Date =	May 2035	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$3,365,000		

11/21/2019 12:38 PM	II