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

AMENDED FINAL BUDGET
WINDING CYPRESS 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	177,850	178,278	178,278	
Debt Assessments (2015)	526,216	526,536	526,536	
Debt Assessments (2019)	311,786	311,895	311,895	
Interest Income	180	193	193	
				
TOTAL REVENUES	$	1,016,032	$	1,016,902	$	1,016,902	
				
EXPENDITURES				
Supervisor Fees	1,200	0	0	
Payroll Taxes - Employer	96	0	0	
Engineering/Inspections	5,500	5,500	4,928	
Preserve Maintenance	76,940	78,705	78,705	
Management	35,280	35,280	35,280	
Legal	16,000	8,736	8,736	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	4,400	3,800	3,800	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,000	5,251	5,251	
Legal Advertisements	2,000	3,000	2,286	
Miscellaneous	750	750	100	
Postage	300	145	136	
Office Supplies	600	255	231	
Dues & Subscriptions	175	175	175	
Trustee Fee	7,800	7,740	7,740	
Continuing Disclosure Fee	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	164,691	$	156,987	$	155,018	
				
REVENUES LESS EXPENDITURES	$	851,341	$	859,915	$	861,884	
				
Bond Payments (2015)	(486,750)	(495,930)	(495,930)	
Bond Payments (2019)	(288,402)	(293,772)	(293,772)	
				
BALANCE	$	76,189	$	70,213	$	72,182	
				
County Appraiser & Tax Collector Fee	(35,047)	(25,969)	(25,969)	
Discounts For Early Payments	(41,142)	(39,532)	(39,532)	
				
EXCESS/ (SHORTFALL)	$	-	$	4,712	$	6,681	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	4,712	$	6,681	

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

$81,595	
$4,712	
$86,307	

11/19/2020 1:39 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 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	225	448	448	
NAV Tax Collection	486,750	495,930	495,930	
Total Revenues	$	486,975	$	496,378	$	496,378	
				
EXPENDITURES				
Principal Payments	140,000	135,000	135,000	
Interest Payments	342,350	345,050	345,050	
Bond Redemption	4,625	0	0	
Total Expenditures	$	486,975	$	480,050	$	480,050	
				
Excess/ (Shortfall)	$	-	$	16,328	$	16,328	

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

$582,963	
$16,328	
$599,291	

Notes
Reserve Fund Balance = $245,379*. Revenue Fund Balance = $353,912*. Revenue Fund Balance To Be Used To Make 11/1/2020 Principal & Interest Payment Of $311,175 (Principal = $140,000 & Interest = $171,175).
* 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 9/30/20= $6,975,000

II

AMENDED FINAL BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
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	50	240	240	
NAV Assessment Collection	288,402	293,772	293,772	
Miscellaneous Revenue	0	1,864	1,864	
Total Revenues	$	288,452	$	295,876	$	295,876	
				
EXPENDITURES				
Principal Payments	75,000	0	0	
Interest Payments	213,156	251,643	251,643	
Bond Redemption	296	0	0	
Total Expenditures	$	288,452	$	251,643	$	251,643	
				
Excess/ (Shortfall)	$	-	$	44,233	$	44,233	

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

$290,239	
$44,233	
$334,472	

Notes
Reserve Fund Balance = $144,766*. Revenue Fund Balance = $189,708*. Revenue Fund Balance To Be Used To Make 11/1/2020 Principal & Interest Payment Of $181,578 (Principal = $75,000 & Interest = $106,578).
* 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 9/30/20= $4,470,000