Kendall Breeze West Community Development District

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

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 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21- 9/30/22	AMENDED FINAL BUDGET
10/1/21- 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Administrative Assessments	82,574	82,667	82,667	
Maintenance Assessments	73,496	73,497	73,497	
Debt Assessments	117,390	117,390	117,390	
Interest Income	180	155	149	
				
TOTAL REVENUES	$	273,640	$	273,709	$	273,703	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	1,800	1,800	
Payroll Taxes - Employer	385	138	138	
Management	30,540	30,540	30,540	
Secretarial & Field Operations	6,000	6,000	6,000	
Legal	8,000	8,000	6,718	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,600	3,600	3,600	
Insurance	6,200	5,706	5,706	
Legal Advertisements	700	700	368	
Miscellaneous	1,400	1,400	935	
Postage	250	140	130	
Office Supplies	400	375	332	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,100	4,089	4,089	
Continuing Disclosure Fee	350	350	350	
Website Management	2,000	2,000	2,000	
Administrative Contingency	1,200	600	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	77,800	$	73,113	$	70,381	
				
MAINTENANCE EXPENDITURES				
Engineering - Annual Report & Inspections	1,200	2,500	1,575	
Street/Roadway & Stormwater Maintenance	18,400	10,000	5,375	
Preservation Area Maintenance	6,500	10,000	9,548	
Pressure Cleaning	10,500	10,500	10,001	
Roadway Resurfacing Project	14,286	14,286	0	
Special Projects	12,000	6,000	0	
Miscellaneous Maintenance	5,000	2,500	340	
Maintenance Contingency	1,200	600	0	
TOTAL MAINTENANCE EXPENDITURES	$	69,086	$	56,386	$	26,839	
				
TOTAL EXPENDITURES	$	146,886	$	129,499	$	97,220	
				
REVENUES LESS EXPENDITURES	$	126,754	$	144,210	$	176,483	
				
Bond Payments	(110,347)	(111,903)	(111,903)	
				
BALANCE	$	16,407	$	32,307	$	64,580	
				
County Appraiser & Tax Collector Fee	(5,469)	(2,634)	(2,634)	
Discounts For Early Payments	(10,938)	(10,143)	(10,143)	
				
EXCESS/ (SHORTFALL)	$	-	$	19,530	$	51,803	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	19,530	$	51,803	

Note: Funds To Be Added To Roadway Resurfacing Project Reserve In October 2022.

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$102,552	
$19,530	
$122,082	

10/3/2022 3:52 PM	I

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

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21- 9/30/22	AMENDED FINAL BUDGET 10/1/21- 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	130	128	
NAV Tax Collection	110,347	111,903	111,903	
Total Revenues	$	110,372	$	112,033	$	112,031	
				
EXPENDITURES				
Principal Payments	55,000	55,000	55,000	
Interest Payments	55,372	56,694	56,694	
Extraordinary Principal Payments	0	10,000	10,000	
Total Expenditures	$	110,372	$	121,694	$	121,694	
				
Excess/ (Shortfall)	$	-	$	(9,661)	$	(9,663)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$81,979	
($9,661)	
$72,318	

Notes
Reserve Fund Balance = $38,400*. Revenue Fund Balance = $28,823*. Redemption Fund Balance = $5,095*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $26,584.
* 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 9/30/22:	May 2034

$905,000	May 1st & November 1st	

10/3/2022 3:52 PM	II