Terracina
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
TERRACINA COMMUNITY DEVELOPMENT DISTRICT OPERATING 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	
O & M ASSESSMENTS	129,278	129,242	129,242	
DEBT ASSESSMENTS	336,511	336,180	336,180	
OTHER REVENUES	0	0	0	
INTEREST INCOME	240	121	121	
			.	
TOTAL REVENUES	$	466,029	$	465,543	$	465,543	
				
EXPENDITURES				
SUPERVISOR FEES	6,000	6,400	6,400	
PAYROLL TAXES - EMPLOYER	480	490	490	
AQUATIC LAKE MAINTENANCE	21,000	21,505	21,505	
CONTINGENCY	14,200	7,000	0	
FOUNTAINS	0	35,620	35,620	
FOUNTAIN MAINTENANCE	4,000	13,274	13,274	
ENGINEERING/INSPECTIONS	6,000	8,500	7,500	
MANAGEMENT	33,660	33,660	33,660	
SECRETARIAL	4,200	4,200	4,200	
LEGAL	3,500	3,472	3,472	
ASSESSMENT ROLL	8,000	8,000	8,000	
AUDIT FEES	4,000	4,000	4,000	
INSURANCE	6,646	5,513	5,513	
LEGAL ADVERTISING	1,250	2,336	2,336	
MISCELLANEOUS	1,000	756	756	
POSTAGE	300	72	72	
OFFICE SUPPLIES	500	412	412	
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	
				
TOTAL EXPENDITURES	$	121,761	$	162,235	$	154,235	
				
REVENUES LESS EXPENDITURES	$	344,268	$	303,308	$	311,308	
				
BOND PAYMENTS	(316,320)	(320,759)	(320,759)	
				
BALANCE	$	27,948	$	(17,451)	$	(9,451)	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(9,316)	(2,511)	(2,511)	
DISCOUNTS FOR EARLY PAYMENT	(18,632)	(17,007)	(17,007)	
		.		
EXCESS/ (SHORTFALL)	$	-	$	(36,969)	$	(28,969)	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(36,969)	$	(28,969)	

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

$48,292	
($36,969)	
$11,323	

.

12/3/2020  9:23 AM	I

AMENDED FINAL BUDGET
TERRACINA 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	200	2,502	2,502	
NAV Tax Collection	316,320	320,759	320,759	
Total Revenues	$	316,520	$	323,261	$	323,261	
				
EXPENDITURES				
Principal Payments	170,000	170,000	170,000	
Interest Payments	111,520	113,730	113,730	
Mandatory Redemption	35,000	40,000	40,000	
Total Expenditures	$	316,520	$	323,730	$	323,730	
				
Excess/ (Shortfall)	$	-	$	(469)	$	(469)	

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

$295,999	
($469)	
$295,530	

Notes
Reserve Fund Balance = $150,593*. Revenue Fund Balances = $144,937*.
Revenue Fund Balances To Be Used To Make 11/1/2020 Interest Payment Of $53,635 and Mandatory Extraordinary Principal Payment Of $35,000.
* 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 9/30/20 =	$3,155,000		

12/3/2020 9:23 AM	II