Winding Cypress Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

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 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	177,811	178,107	178,107	
Debt Assessments (2015)	526,216	526,462	526,462	
Debt Assessments (2019)	311,687	311,788	311,788	
Interest Income	180	210	208	
				
TOTAL REVENUES	$	1,015,894	$	1,016,567	$	1,016,565	
				
EXPENDITURES				
Supervisor Fees	1,200	0	0	
Payroll Taxes - Employer	96	0	0	
Engineering/Inspections	8,000	9,100	8,566	
Preserve Maintenance	79,700	75,100	75,100	
Management	36,084	36,084	36,084	
Legal	15,500	13,000	9,167	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,900	3,900	3,900	
Arbitrage Rebate Fee	650	650	650	
Insurance	5,900	5,513	5,513	
Legal Advertisements	1,800	3,500	2,723	
Miscellaneous	750	750	353	
Postage	300	300	288	
Office Supplies	600	425	408	
Dues & Subscriptions	175	175	175	
Trustee Fee	7,800	7,740	7,740	
Continuing Disclosure Fee	2,000	1,500	1,500	
TOTAL EXPENDITURES	$	169,455	$	162,737	$	157,167	
				
REVENUES LESS EXPENDITURES	$	846,439	$	853,830	$	859,398	
				
Bond Payments (2015)	(486,750)	(496,203)	(496,203)	
Bond Payments (2019)	(288,311)	(293,870)	(293,870)	
				
BALANCE	$	71,378	$	63,757	$	69,325	
				
County Appraiser & Tax Collector Fee	(35,042)	(19,548)	(19,548)	
Discounts For Early Payments	(41,136)	(38,853)	(38,853)	
				
EXCESS/ (SHORTFALL)	$	(4,800)	$	5,356	$	10,924	
				
Carryover From Prior Year	4,800	4,800	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	10,156	$	10,924	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$92,726	
$5,356	
$98,082	

Notes
Carryover From Prior Year Of $4,800 to be used to reduce Fiscal Year 2020/2021 Assessments.
$5,100 Of Fund Balance To Be Used To Reduce 2021/2022 Assessments.

10/20/2021  1:00 PM	I

AMENDED FINAL BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2015
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	225	25	24	
NAV Tax Collection	486,750	496,203	496,203	
Total Revenues	$	486,975	$	496,228	$	496,227	
				
EXPENDITURES				
Principal Payments	145,000	140,000	140,000	
Interest Payments	336,750	339,550	339,550	
Bond Redemption	5,225	0	0	
Total Expenditures	$	486,975	$	479,550	$	479,550	
				
Excess/ (Shortfall)	$	-	$	16,678	$	16,677	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$599,291	
$16,678	
$615,969	

Notes
Reserve Fund Balance = $245,389*. Revenue Fund Balance = $370,580*. Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $313,375 (Principal = $145,000 & Interest = $168,375).
* 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 8/31/21= $6,835,000

II

AMENDED FINAL BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	50	15	14	
NAV Assessment Collection	288,311	293,870	293,870	
Total Revenues	$	288,361	$	293,885	$	293,884	
				
EXPENDITURES				
Principal Payments	75,000	75,000	75,000	
Interest Payments	210,344	211,750	211,750	
Bond Redemption	3,017	0	0	
Total Expenditures	$	288,361	$	286,750	$	286,750	
				
Excess/ (Shortfall)	$	-	$	7,135	$	7,134	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$334,473	
$7,135	
$341,608	

Notes
Reserve Fund Balance = $144,766*. Revenue Fund Balance = $196,842*. Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $180,172 (Principal = $75,000 & Interest = $105,172).
* 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 8/31/21= $4,395,000