Winding Cypress 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 - SERIES 2015 III	AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2019

AMENDED FINAL BUDGET
WINDING CYPRESS 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	89,833	93,298	93,298	
Debt Assessments	517,686	518,126	518,126	
Developer Contribution - O & M	0	0	0	
Interest Income	120	275	266	
				
TOTAL REVENUES	$	607,639	$	611,699	$	611,690	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	3,500	15,500	14,154	
Management	34,632	34,632	34,632	
Legal	16,250	9,500	5,487	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,400	3,400	3,400	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,172	5,000	5,000	
Legal Advertisements	2,700	7,700	7,129	
Miscellaneous	750	750	457	
Postage	250	550	534	
Office Supplies	650	1,100	1,051	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,780	3,709	3,709	
Continuing Disclosure Fee	1,000	1,000	1,000	
TOTAL EXPENDITURES	$	78,909	$	88,666	$	82,378	
				
REVENUES LESS EXPENDITURES	$	528,730	$	523,033	$	529,312	
				
Bond Payments	(486,625)	(490,124)	(490,124)	
				
BALANCE	$	42,105	$	32,909	$	39,188	
				
County Appraiser & Tax Collector Fee	(18,045)	(18,045)	(11,818)	
Discounts For Early Payments	(24,060)	(20,123)	(20,123)	
				
EXCESS/ (SHORTFALL)	$	-	$	(5,259)	$	7,247	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(5,259)	$	7,247	

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

$69,855	
($5,259)	
$64,596	

10/18/2019  5:27 PM	I

AMENDED FINAL BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2015
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	225	1,440	1,423	
NAV Tax Collection	486,625	490,124	490,124	
Total Revenues	$	486,850	$	491,564	$	491,547	
				
EXPENDITURES				
Principal Payments	135,000	130,000	130,000	
Interest Payments	347,750	350,350	350,350	
Bond Redemption	4,100	0	0	
Total Expenditures	$	486,850	$	480,350	$	480,350	
				
Excess/ (Shortfall)	$	-	$	11,214	$	11,197	

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

$571,667	
$11,214	
$582,881	

Notes
Reserve Fund Balance = $245,132*. Revenue Fund Balance = $337,749*. Revenue Fund Balance To Be Used To Make 11/1/2019 Principal & Interest Payment Of $308,875 (Principal = $135,000 & Interest = $173,875).
$10,175 Of Fund Balance Designated For Phase 3 Debt Service.
* Approximate Amounts

Series 2015 Bond Information
Original Par Amount = $7,535,000	Annual Principal Payments Due: Interest Rate =  4.00% - 5.00%	November 1st
Issue Date = December 2015	Annual Interest Payments Due: Maturity Date = November 2045	May 1st & November 1st

Par Amount As Of 9/30/19= $7,110,000

II

AMENDED FINAL BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
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	0	370	359	
NAV Assessment Collection	0	0	0	
Bond Proceeds (Debt Service)	0	289,830	289,830	
Miscellaneous Revenue	0	0	0	
Total Revenues	$	-	$	290,200	$	290,189	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	0	0	
Transfer To Construction Fund	0	0	0	
Total Expenditures	$	-	$	-	$	-	

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

$0	
$290,200	
$290,200	

Notes
Capital Projects Debt Proceeds = $4,180,170. Total Bond Proceeds = $4,470,000. Reserve Fund Balance = $144,941*. Interest Fund Balance = $145,259*.
Interest Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $145,065.
FY 2018/2019 Capital Outlays = $3,879,122. FY 2018/2019 Cost Of Issuance = $277,076.
FY 2018/2019 Original Issue Discount = $23,973.
* Approximate Amounts

Series 2019 Bond Information
Original Par Amount = $4,470,000	Annual Principal Payments Due: Interest Rate =  3.75% - 5.00%	November 1st
Issue Date = February 2019	Annual Interest Payments Due: Maturity Date = November 2049	May 1st & November 1st

Par Amount As Of 9/30/19= $4,470,000