Title: KBW Amended Budget 2017-2018.xlsx
Author: JWalker

Kendall Breeze West Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES

FISCAL YEAR 2017/2018 BUDGET
10/1/17- 9/30/18

AMENDED FINAL BUDGET
10/1/17- 9/30/18

YEAR  TO DATE ACTUAL
10/1/17 - 9/29/18

Administrative Assessments | 66,187 | 66,369 | 66,369
Maintenance Assessments | 25,931 | 25,931 | 25,931
Debt Assessments | 114,402 | 114,402 | 114,402
Interest Income | 120 | 295 | 295
TOTAL REVENUES | $	206,640 | $	206,997 | $	206,997
EXPENDITURES | | |
ADMINISTRATIVE EXPENDITURES | | |
Supervisor Fees | 5,000 | 3,000 | 3,000
Payroll Taxes - Employer | 385 | 229 | 229
Management | 28,320 | 28,320 | 28,320
Secretarial & Field Operations | 5,250 | 5,250 | 5,250
Legal | 8,500 | 8,175 | 8,175
Assessment Roll | 7,500 | 7,500 | 7,500
Audit Fees | 3,600 | 3,600 | 3,600
Insurance | 6,356 | 5,778 | 5,778
Legal Advertisements | 750 | 375 | 175
Miscellaneous | 1,400 | 1,000 | 746
Postage | 275 | 100 | 93
Office Supplies | 500 | 240 | 215
Dues & Subscriptions | 175 | 175 | 175
Trustee Fees | 3,800 | 3,717 | 3,717
Continuing Disclosure Fee | 500 | 350 | 350
Website Management | 1,500 | 1,500 | 1,500
TOTAL ADMINISTRATIVE EXPENDITURES | $	73,811 | $	69,309 | $	68,823
MAINTENANCE EXPENDITURES | | |
Engineering - Annual Report & Inspections | 2,400 | 1,700 | 1,700
Street/Roadway & Stormwater Maintenance | 15,000 | 2,000 | 993
Special Projects | 6,000 | 1,000 | 0
Storm Cleanup - IRMA | 0 | 1,763 | 1,763
Miscellaneous Maintenance | 4,800 | 2,500 | 1,364
TOTAL MAINTENANCE EXPENDITURES | $	28,200 | $	8,963 | $	5,820
TOTAL EXPENDITURES | $	102,011 | $	78,272 | $	74,643
REVENUES LESS EXPENDITURES | $	104,629 | $	128,725 | $	132,354
Bond Payments | (107,538) | (109,128) | (109,128)
BALANCE | $	(2,909) | $	19,597 | $	23,226
County Appraiser & Tax Collector Fee | (4,130) | (1,991) | (1,991)
Discounts For Early Payments | (8,261) | (7,526) | (7,526)
EXCESS/ (SHORTFALL) | $	(15,300) | $	10,080 | $	13,709
Carryover From Prior Year | 15,300 | 15,300 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	25,380 | $	13,709

Notes
Carryover From Prior Year Of $15,300 was used to reduce Fiscal Year 2017/2018 Assessments.
$21,610 Of Fund Balance To Be Used To Reduce 2018/2019 Assessments.

FUND BALANCE AS OF 9/30/17
FY 2017/2018 ACTIVITY
FUND BALANCE AS OF 9/30/18

$104,989
$10,080
$115,069

11/5/2018 10:02 AM	^I

AMENDED FINAL BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES

FISCAL YEAR 2017/2018 BUDGET 10/1/17- 9/30/18

AMENDED FINAL BUDGET 10/1/17- 9/30/18

YEAR TO DATE ACTUAL
10/1/17 - 9/29/18

Interest Income | 25 | 1,039 | 1,039
NAV Tax Collection | 107,538 | 109,128 | 109,128
Total Revenues | $	107,563 | $	110,167 | $	110,167
EXPENDITURES | | |
Principal Payments | 40,000 | 45,000 | 45,000
Interest Payments | 67,563 | 68,591 | 68,591
Total Expenditures | $	107,563 | $	113,591 | $	113,591
Excess/ (Shortfall) | $	- | $	(3,424) | $	(3,424)

FUND BALANCE AS OF 9/30/17
FY 2017/2018 ACTIVITY
FUND BALANCE AS OF 9/30/18

$92,256
($3,424)
$88,832

Notes
Reserve Fund Balance = $46,600*. Revenue Fund Balance = $35,516*.
Revenue Fund Balance To Be Used To Make 11/1/2018 Interest Payment Of $33,047.
* Approximate Amounts

Series 2004 Bond Information	
Original Par Amount = | $1,580,000 | Annual Principal Payments Due:
Interest Rate = | 5.875% | May 1st
Issue Date = | December 2004 | Annual Interest Payments Due:

Maturity Date =

Par Amount As Of 9/30/18:

May 2034

$1,125,000

May 1st & November 1st

11/5/2018 10:02 AM	^II