Sail Harbour 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

AMENDED FINAL BUDGET
SAIL HARBOUR 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	68,957	69,473	69,473	
Debt Assessments	509,434	509,435	509,435	
Other Revenues	0	0	0	
Interest Income	300	2,111	2,111	
				
TOTAL REVENUES	$	578,691	$	581,019	$	581,019	
				
EXPENDITURES				
Supervisor Fees	9,000	3,000	3,000	
Payroll Taxes (Employer)	720	230	230	
Engineering/Inspections	7,000	6,000	4,294	
Pipe Maintenance/Replacement	10,000	10,000	0	
Stormwater Videotaping	10,000	11,550	11,550	
Management	24,000	24,000	24,000	
Legal	5,500	4,200	3,645	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,500	3,500	3,500	
Arbitrage Rebate Fee	600	500	500	
Travel	500	0	0	
Insurance	6,200	5,251	5,251	
Legal Advertisements	1,500	2,100	1,768	
Miscellaneous	1,600	800	516	
Postage	350	75	71	
Office Supplies	575	125	104	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,400	4,337	4,337	
Website Management	1,500	1,500	1,500	
TOTAL EXPENDITURES	$	92,120	$	82,343	$	69,441	
				
REVENUES LESS EXPENDITURES	$	486,571	$	498,676	$	511,578	
				
Bond Payments	(478,868)	(490,271)	(490,271)	
				
BALANCE	$	7,703	$	8,405	$	21,307	
				
County Appraiser & Tax Collector Fee	(11,567)	(1,159)	(1,159)	
Discounts For Early Payments	(23,136)	(20,598)	(20,598)	
				
EXCESS/ (SHORTFALL)	$	(27,000)	$	(13,352)	$	(450)	
				
Carryover From Prior Year	27,000	27,000	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	13,648	$	(450)	

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

$245,339	
($13,352)	
$231,987	

.
Notes
Carryover From Prior Year Of $27,000 Was Used To Reduce Fiscal Year 2019/2020 Assessments.
$26,300 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

10/28/2020  10:37 AM	I

AMENDED FINAL BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE 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	
Interest Income	100	2,942	2,939	
NAV Tax Collection	478,868	490,271	490,271	
Total Revenues	$	478,968	$	493,213	$	493,210	
				
EXPENDITURES				
Principal Payments	270,000	270,000	270,000	
Interest Payments	206,397	211,365	211,365	
Bond Redemption	2,571	0	0	
Total Expenditures	$	478,968	$	481,365	$	481,365	
				
Excess/ (Shortfall)	$	-	$	11,848	$	11,845	

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

$379,431	
$11,848	
$391,279	

Notes
Reserve Fund Balance = $191,806*. Revenue Fund Balance = $196,019*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $101,292.
* Approximate Amounts

Series 2015 Bond Refunding Information		
Original Par Amount =	$6,775,000	Annual Principal Payments Due:	
Interest Rate =	3.60%	May 1st	
Issue Date =	February 2015	Annual Interest Payments Due:	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/20 =	$5,505,000		

10/28/2020 10:37 AM	II