Blue Lake
Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

OPERATING FUND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	142,826	137,354	137,354	
Debt Assessments	663,697	638,494	638,494	
Developer Contribution - Debt	0	217,819	217,819	
Other Revenues	0	0	0	
Interest Income	60	120	116	
				
Total Revenues	$	806,583	$	993,787	$	993,783	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	15,000	12,500	10,100	
Mitigation Monitoring	31,480	37,000	35,361	
Lake Maintenance	10,000	32,000	29,663	
Flow Way Inspection Certificate	5,000	5,000	0	
Management	27,612	27,612	27,612	
Legal	19,000	7,000	2,450	
Assessment Roll	4,000	4,000	4,000	
Audit Fees	3,700	3,700	3,700	
Arbitrage Rebate Fee	650	650	650	
Insurance	5,900	5,513	5,513	
Legal Advertisements	4,000	2,750	2,079	
Miscellaneous	1,000	750	193	
Postage	300	165	158	
Office Supplies	1,500	200	164	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,000	4,031	4,031	
Continuing Disclosure Fee	1,000	1,000	1,000	
TOTAL EXPENDITURES	$	134,317	$	144,046	$	126,849	
				
Excess/ (Shortfall)	$	672,266	$	849,741	$	866,934	
				
Bond Payments	(623,875)	(846,915)	(846,915)	
				
Balance	$	48,391	$	2,826	$	20,019	
				
County Appraiser & Tax Collector Fee	(16,130)	(372)	(372)	
Discounts For Early Payments	(32,261)	(11,187)	(11,187)	
				
Net Excess/ (Shortfall)	$	-	$	(8,733)	$	8,460	

FUND BALANCE AS OF 9/30/20	
FY 2020/20201 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$14,404	
($8,733)	
$5,671	

I

DEBT SERVICE FUND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	50	31	30	
NAV Tax Collection	623,875	629,096	629,096	
Developer Contribution	0	217,819	217,819	
Total Revenues	$	623,925	$	846,946	$	846,945	
				
EXPENDITURES				
Principal Payments	190,000	190,000	190,000	
Interest Payments	432,313	435,638	435,638	
Bond Redemption	1,562	0	0	
Transfer To Construction Fund	50	15	14	
Total Expenditures	$	623,925	$	625,653	$	625,652	
				
Excess/ (Shortfall)	$	-	$	221,293	$	221,293	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$311,965	
$221,293	
$533,258	

Notes
Reserve Fund Balance = $311,937*. Revenue Fund Balance = $221,321*.
Revenue Fund Balance To Be Used To Make 12/15/2021 Interest Payment Of $214,494. Note 12/15/20 Interest Payment Was 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 9/30/21 =	June 2049

$10,025,000	June 15th & December 15th	

10/13/2021 1:58 PM	II