Blue Lake Community Development District

Final Budget For  Fiscal Year 2019/2020
October 30, 2019 - September 30, 2020

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

FINAL BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 30, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020
BUDGET	
O&M Assessments	0	
Developer Contribution - O&M	108,605	
Developer Contribution - Debt	627,063	
Debt Assessments	0	
Interest Income	0	
		
TOTAL REVENUES	$	735,668	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	2,500	
Engineering Report	0	
Management	27,000	
Legal	20,000	
Assessment Roll	4,000	
Methodology Report	0	
Audit Fees	4,000	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	5,000	
Miscellaneous	1,000	
Postage	300	
Office Supplies	1,500	
Dues & Subscriptions	175	
Trustee Fees	4,000	
Continuing Disclosure Fee	1,000	
Mitigation Monitoring	31,480	
TOTAL EXPENDITURES	$	108,605	
		
REVENUES LESS EXPENDITURES	$	627,063	
		
Bond Payments	(627,063)	
		
BALANCE	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
EXCESS/ (SHORTFALL)	$	-	

6/13/2019 8:22 AM	I

DETAILED FINAL BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 30, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 BUDGET	
FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	
O&M Assessments	0	0	0		
Developer Contribution - O&M	0	92,975	108,605	Developer Contribution - O&M	
Developer Contribution - Debt	0	0	627,063	Developer Contribution - Debt	
Debt Assessments	0	0	0		
Interest Income	0	0	0		
					
TOTAL REVENUES	$	-	$	92,975	$	735,668		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	0	2,500	2,500	No Change From 2018/2019 Budget	
Engineering Report*	0	15,000	0		
Management	0	22,500	27,000	$2,250 Per Month - CPI Increase To Commence In 2020/2021	
Legal	0	20,000	20,000	No Change From 2018/2019 Budget	
Assessment Roll	0	4,000	4,000	For 11-1-2020 Roll	
Methodology Report*	0	15,000	0		
Audit Fees	0	0	4,000	Will Commence In Fiscal Year Following Issuing Of Bond	
Arbitrage Rebate Fee	0	0	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	0	6,000	6,000	No Change From 2018/2019 Budget	
Legal Advertisements	0	5,000	5,000	No Change From 2018/2019 Budget	
Miscellaneous	0	1,000	1,000	No Change From 2018/2019 Budget	
Postage	0	300	300	No Change From 2018/2019 Budget	
Office Supplies	0	1,500	1,500	No Change From 2018/2019 Budget	
Dues & Subscriptions	0	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	0	0	4,000	Will Commence In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	0	1,000	Will Commence In Fiscal Year Following Issuing Of Bond	
Mitigation Monitoring	0	0	31,480	Mitigation Monitoring	
TOTAL EXPENDITURES	$	-	$	92,975	$	108,605		
					
REVENUES LESS EXPENDITURES	$	-	$	-	$	627,063		
					
Bond Payments	0	0	(627,063)	2020 P & I Payments Less Earned Interest	
					
BALANCE	$	-	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0		
Discounts For Early Payments	0	0	0		
					
EXCESS/ (SHORTFALL)	$	-	$	-	$	-		

*These items can either be classified as operating expenditures or as bond closing expenditures.

6/13/2019 8:22 AM	II

DETAILED FINAL DEBT SERVICE FUND BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
0	
0	
50	
Projected Interest For 2019/2020	

Developer Contribution	
0	
0	
627,063	
2019/2020 Payments Are Developer Funded	

NAV Tax Collection	
0	
0	
0	
Will Commence In 2020/2021	

Total Revenues	
$	-	
$	-	
$	627,113		

EXPENDITURES					

Principal Payments	
0	
0	
185,000	
Principal Payment Due In 2020	

Interest Payments	
0	
0	
442,113	
Interest Payment Due In 2020	

Bond Redemption	
0	
-	
-	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	627,113		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Series 2019 Bond Information

Original Par Amount =	$10,400,000	Annual Principal Payments Due =	June 15th	

Interest Rate =	
3.50% - 4.5%	
Annual Interest Payments Due =	
June 15th & December 15th	

Issue Date =	
May 2019			

Maturity Date =	
June 2049			

Par Amount As Of 6/1/19 =	$10,400,000

6/13/2019 8:22 AM	III