Title: KBW Proposed Budget 2021-2022.xlsx
Author: JWalker

Kendall Breeze West Community Development District

Proposed Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES | FISCAL YEAR 2021/2022 BUDGET
ADMINISTRATIVE ASSESSMENTS | 82,574
MAINTENANCE ASSESSMENTS | 73,496
DEBT ASSESSMENTS | 117,390
INTEREST INCOME | 180
TOTAL REVENUES | $	273,640
EXPENDITURES |
MAINTENANCE & OPERATIONS EXPENDITURES |
ENGINEERING - ANNUAL REPORT & INSPECTIONS | 1,200
STREET/ROADWAY & STORMWATER MAINTENANCE | 18,400
PRESERVATION AREA MAINTENANCE | 6,500
PRESSURE CLEANING | 10,500
ROADWAY RESURFACING PROJECT | 14,286
SPECIAL PROJECTS | 12,000
MISCELLANEOUS MAINTENANCE | 5,000
MAINTENANCE CONTINGENCY | 1,200
TOTAL MAINTENANCE & OPERATIONS EXPENDITURES | $	69,086
ADMINISTRATIVE EXPENDITURES |
SUPERVISOR FEES | 5,000
PAYROLL TAXES (EMPLOYER) | 385
MANAGEMENT | 30,540
SECRETARIAL & FIELD OPERATIONS | 6,000
LEGAL | 8,000
ASSESSMENT ROLL | 7,500
AUDIT FEES | 3,600
INSURANCE | 6,200
LEGAL ADVERTISING | 700
MISCELLANEOUS | 1,400
POSTAGE | 250
OFFICE SUPPLIES | 400
DUES & SUBSCRIPTIONS | 175
TRUSTEE FEES | 4,100
CONTINUING DISCLOSURE FEE | 350
WEBSITE MANAGEMENT | 2,000
ADMINISTRATIVE CONTINGENCY | 1,200
TOTAL ADMINISTRATIVE EXPENDITURES | $	77,800
TOTAL EXPENDITURES | $	146,886
REVENUES LESS EXPENDITURES | $	126,754
BOND PAYMENTS | (110,347)
BALANCE | $	16,407
COUNTY APPRAISER & TAX COLLECTOR FEE | (5,469)
DISCOUNTS FOR EARLY PAYMENTS | (10,938)
EXCESS/ (SHORTFALL) | $	-
CARRYOVER FROM PRIOR YEAR | 0
NET EXCESS / (SHORTFALL) | $	-

I

3/8/2021 4:26 PM

DETAILED PROPOSED BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2019/2020
ACTUAL

FISCAL YEAR 2020/2021
BUDGET

FISCAL YEAR 2021/2022
BUDGET

COMMENTS

ADMINISTRATIVE ASSESSMENTS | 64,172 | 66,353 | 82,574 | Expenditures Less Interest & 75% Of Carryover/.94
MAINTENANCE ASSESSMENTS | 23,537 | 24,344 | 73,496 | Expenditures Less 25% Of Carryover/.94
DEBT ASSESSMENTS | 118,604 | 115,166 | 117,390 | Bond Payments/.94
INTEREST INCOME | 168 | 180 | 180 | Estimated At $15 Per Month
TOTAL REVENUES | $	206,481 | $	206,043 | $	273,640 |
EXPENDITURES | | | |
MAINTENANCE & OPERATIONS EXPENDITURES | | | |
ENGINEERING - ANNUAL REPORT & INSPECTIONS | 1,045 | 1,200 | 1,200 | No Change From 2020/2021 Budget
STREET/ROADWAY & STORMWATER MAINTENANCE | 17,400 | 13,200 | 18,400 | $5,200 Increase From 2020/2021 Budget
PRESERVATION AREA MAINTENANCE | 0 | 0 | 6,500 | Preservation Area Maintenance
PRESSURE CLEANING | 0 | 0 | 10,500 | Pressure Cleaning
ROADWAY RESURFACING PROJECT | 0 | 0 | 14,286 | 14 Year Project ($200,000) - To Commence In 2021/2022
SPECIAL PROJECTS | 4,800 | 7,200 | 12,000 | $4,800 Increase From 2020/2021 Budget
MISCELLANEOUS MAINTENANCE | 11,301 | 5,000 | 5,000 | No Change From 2020/2021 Budget
MAINTENANCE CONTINGENCY | 1,110 | 1,200 | 1,200 | No Change From 2020/2021 Budget
TOTAL MAINTENANCE & OPERATIONS EXPENDITURES | $	35,656 | $	27,800 | $	69,086 |
ADMINISTRATIVE EXPENDITURES | | | |
SUPERVISOR FEES | 2,600 | 5,000 | 5,000 | No Change From 2020/2021 Budget
PAYROLL TAXES (EMPLOYER) | 199 | 385 | 385 | Supervisor Fees *7.65%
MANAGEMENT | 29,448 | 30,120 | 30,540 | CPI Adjustment
SECRETARIAL & FIELD OPERATIONS | 6,000 | 6,000 | 6,000 | No Change From 2020/2021 Budget
LEGAL | 8,210 | 8,000 | 8,000 | No Change From 2020/2021 Budget
ASSESSMENT ROLL | 7,500 | 7,500 | 7,500 | As Per Contract
AUDIT FEES | 3,400 | 3,500 | 3,600 | Accepted Amount For 2020/2021 Audit
INSURANCE | 5,251 | 6,200 | 6,200 | Insurance Estimate
LEGAL ADVERTISING | 668 | 700 | 700 | No Change From 2020/2021 Budget
MISCELLANEOUS | 981 | 1,400 | 1,400 | No Change From 2020/2021 Budget
POSTAGE | 79 | 250 | 250 | No Change From 2020/2021 Budget
OFFICE SUPPLIES | 191 | 425 | 400 | $25 Decrease From 2020/2021 Budget
DUES & SUBSCRIPTIONS | 175 | 175 | 175 | No Change From 2020/2021 Budget
TRUSTEE FEES | 4,089 | 4,100 | 4,100 | No Change From 2020/2021 Budget
CONTINUING DISCLOSURE FEE | 350 | 350 | 350 | No Change From 2020/2021 Budget
WEBSITE MANAGEMENT | 2,000 | 2,000 | 2,000 | No Change From 2020/2021 Budget
ADMINISTRATIVE CONTINGENCY | 0 | 1,200 | 1,200 | No Change From 2020/2021 Budget
TOTAL ADMINISTRATIVE EXPENDITURES | $	71,141 | $	77,305 | $	77,800 |
TOTAL EXPENDITURES | $	106,797 | $	105,105 | $	146,886 |
REVENUES LESS EXPENDITURES | $	99,684 | $	100,938 | $	126,754 |
BOND PAYMENTS | (113,093) | (108,256) | (110,347) | 2022 P & I Payments Less Earned Interest
BALANCE | $	(13,409) | $	(7,318) | $	16,407 |
COUNTY APPRAISER & TAX COLLECTOR FEE | (1,986) | (4,117) | (5,469) | Two Percent Of Total Assessment Roll
DISCOUNTS FOR EARLY PAYMENTS | (7,585) | (8,235) | (10,938) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	(22,980) | $	(19,670) | $	- |
CARRYOVER FROM PRIOR YEAR | 0 | 19,670 | 0 | Carryover From Prior Year
NET EXCESS / (SHORTFALL) | $	(22,980) | $	- | $	- |

II

3/8/2021 4:26 PM

DETAILED PROPOSED DEBT SERVICE FUND BUDGET KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES | FISCAL YEAR 2019/2020 ACTUAL | FISCAL YEAR 2020/2021 BUDGET | FISCAL YEAR 2021/2022 BUDGET | COMMENTS
Interest Income | 587 | 200 | 25 | Projected Interest For 2021/2022
NAV Tax Collection | 113,093 | 108,256 | 110,347 | 2022 P & I Payments Less Earned Interest
Total Revenues | $	113,680 | $	108,456 | $	110,372 |
EXPENDITURES | | | |
Principal Payments | 50,000 | 50,000 | 55,000 | Principal Payment Due In 2022
Interest Payments | 62,863 | 58,456 | 55,372 | Interest Payments Due In 2022
Total Expenditures | $	112,863 | $	108,456 | $	110,372 |
Excess / (Shortfall) | $	817 | $	- | $	- |

Series 2004 Bond Information

Original Par Amount = | $1,580,000 | Annual Principal Payments Due: | May 1st
Interest Rate = | 5.875% | Annual Interest Payments Due: | May 1st & November 1st

Issue Date = Maturity Date =

December 2004
May 2034

Par Amount As Of 1/1/21 = | $1,020,000 | |

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Kendall Breeze West Community Development District Assessment Comparison

| Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
2018/2019 | 2019/2020 | 2020/2021 | 2021/2022
Lot | Assessment | Assessment | Assessment | Assessment
Size | Before Discount* | Before Discount* | Before Discount* | Before Discount*
30 | Administrative | $	296.32 | $	307.15 | $	319.01 | $ | 397.00
| Maintenance | $	132.97 | $	113.16 | $	117.04 | $ | 353.35
Debt	$	537.74 | $	545.18 | $	529.38 | $	539.60
Sub-Total For Lot Size 30	$	967.03 | $	965.49 | $	965.43 | $	1,289.95
35 | Administrative | $	296.32 | $	307.15 | $	319.01 | $ | 397.00
| Maintenance | $	132.97 | $	113.16 | $	117.04 | $ | 353.35
Debt	$	612.17 | $	620.64 | $	602.65 | $	614.29
Sub-Total For Lot Size 35	$	1,041.46 | $	1,040.95 | $	1,038.70 | $	1,364.64

* Assessments Include the Following :	            4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:	
Thirty Foot Homes | 139
Thirty Five Foot Homes | 69
Total Units | 208

3/8/2021 4:26 PM	^IV