Blue Lake
Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

$119,418

($262,699)

($143,281)

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

O & M Assessments

581,132

581,661

581,661

Debt Assessments

663,697

661,942

661,942

Developer Contribution - O&M

0

0

0

Other Revenues - Line Of Credit Proceeds

0

122,100

122,100

Interest Income

480

9,950

9,847

Total Revenues

$	1,245,309

$	1,375,653

$	1,375,550

EXPENDITURES

Supervisor Fees

12,000

6,400

6,400

Payroll Taxes (Employer)

960

490

490

Engineering/Inspections

40,000

54,500

50,251

Engineering Extraordinary - Retaining Wall

0

94,000

78,999

Mitigation Monitoring

138,500

220,000

211,353

Lake Maintenance

60,000

49,000

45,196

Flow Way Inspection Certification

5,000

1,000

0

Vista Dry Retention Area

0

3,900

3,900

Detention Area Maintenance

36,000

35,441

35,441

Miscellaneous Maintenance (Shoreline Stabilization)

55,000

68,000

62,492

Maintenance Reserve

50,000

10,000

0

Management

30,576

30,576

30,576

Legal

40,000

45,000

17,319

Legal Extraordinary - Retaining Wall

0

115,000

98,958

Assessment Roll

4,000

4,000

4,000

Audit Fees

4,100

3,800

3,800

Arbitrage Rebate Fee

650

650

650

Insurance

13,610

12,850

12,850

Legal Advertisements

6,000

5,000

3,776

Miscellaneous

2,000

3,500

3,025

Postage

700

1,200

1,162

Office Supplies

1,050

1,950

1,829

Dues & Subscriptions

175

175

175

Trustee Fees

4,050

4,246

4,246

Continuing Disclosure Fee

1,000

350

350

Deficit Funding (FY 2022/2023)

41,373

0

0

Capital Outlay - Lake Bank Expenditure

0

133,400

133,400

Construction Costs

0

50,000

25,550

TOTAL EXPENDITURES

$	546,744

$	954,428

$	836,188

Excess/ (Shortfall)

$	698,565

$	421,225

$	539,362

Bond Payments

(623,875)

(636,903)

(636,903)

Balance

$	74,690

$	(215,678)

$	(97,541)

County Appraiser & Tax Collector Fee

(24,897)

(1,201)

(1,201)

Discounts For Early Payments

(49,793)

(45,820)

(45,820)

Net Excess/ (Shortfall)

$	-

$	(262,699)

$	(144,562)

AMENDED FINAL BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $311,938*.  Revenue Fund Balance = $311,982*.
Revenue Fund Balance To Be Used To Make 12/15/2025 Interest Payment Of $199,419.
* Approximate Amounts

Series 2019 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$10,400,000 3.50% - 4.5%
May 2019
June 2049

Annual Principal Payments Due: June 15th
Annual Interest Payments Due:
June 15th & December 15th

Par Amount As Of 9/30/25 =

$9,195,000

II

11/2/2025 10:44 AM

$595,562

$28,358

$623,920

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

500

32,781

32,781

NAV Tax Collection

623,875

636,903

636,903

Payment By Developer

0

0

0

Total Revenues

$	624,375

$	669,684

$	669,684

EXPENDITURES

Principal Payments

220,000

220,000

220,000

Interest Payments

403,238

407,638

407,638

Bond Redemption

1,137

0

0

Transfer To Construction Fund

0

13,688

13,688

Total Expenditures

$	624,375

$	641,326

$	641,326

Excess/ (Shortfall)

$	-

$	28,358

$	28,358