Blue Lake
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

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	0	0	0	
Debt Assessments	0	0	0	
Developer Contribution - O&M	108,605	108,604	108,604	
Developer Contribution - Debt	627,063	627,113	627,113	
Other Revenues	0	0	0	
Interest Income	0	17	17	
				
Total Revenues	$	735,668	$	735,734	$	735,734	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	2,500	3,700	2,659	
Mitigation Monitoring	31,480	35,000	33,188	
Management	27,000	27,000	27,000	
Legal	20,000	9,000	6,291	
Assessment Roll	4,000	4,000	4,000	
Audit Fees	4,000	3,600	3,600	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,000	5,251	5,251	
Legal Advertisements	5,000	6,000	5,019	
Miscellaneous	1,000	1,000	141	
Postage	300	190	177	
Office Supplies	1,500	300	265	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,000	4,031	4,031	
Continuing Disclosure Fee	1,000	1,000	1,000	
Lake Maintenance	0	20,000	16,125	
TOTAL EXPENDITURES	$	108,605	$	120,897	$	109,572	
				
Excess/ (Shortfall)	$	627,063	$	614,837	$	626,162	
				
Bond Payments	0	(627,113)	(627,113)	
				
Balance	$	627,063	$	(12,276)	$	(951)	
				
County Appraiser & Tax Collector Fee	0	0	0	
Discounts For Early Payments	0	0	0	
				
Net Excess/ (Shortfall)	$	627,063	$	(12,276)	$	(951)	

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

$16,007	
($12,276)	
$3,731	

I

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	50	286	286	
Developer Contribution	627,063	627,113	627,113	
NAV Tax Collection	0	0	0	
Total Revenues	$	627,113	$	627,399	$	627,399	
				
EXPENDITURES				
Principal Payments	185,000	185,000	185,000	
Interest Payments	442,113	442,113	442,113	
Bond Redemption	0	0	0	
Transfer To Construction Fund	0	261	261	
Total Expenditures	$	627,113	$	627,374	$	627,374	
				
Excess/ (Shortfall)	$	-	$	25	$	25	

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

$311,940	
$25	
$311,965	

Notes
Reserve Fund Balance = $311,937*. Revenue Fund Balance = $28*. 12/15/2020 Interest Payment Of $217,819 To Be
Developer Funded.
* Approximate Amounts

Series 2019 Bond Information
Original Par Amount =	$10,400,000	Annual Principal Payments Due:	
Interest Rate =	3.50% - 4.5%	June 15th	
Issue Date =	May 2019	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/20 =	June 2049

$10,215,000	June 15th & December 15th	

11/13/2020 7:46 AM	
II