Silver Palms Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Administrative Assessments	61,664	61,742	61,742	
Maintenance Assessments	38,646	38,646	38,646	
Debt Assessments	122,447	122,447	122,447	
Interest Income	180	240	235	
				
TOTAL REVENUES	$	222,937	$	223,075	$	223,070	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	4,000	4,000	
Payroll Taxes (Employer)	480	306	306	
Management	19,164	19,164	19,164	
Secretarial	2,700	2,700	2,700	
Legal	8,000	8,000	6,723	
Assessment Roll	3,500	3,500	3,500	
Audit Fees	3,700	3,800	3,700	
Insurance	6,000	5,706	5,706	
Legal Advertisements	550	550	361	
Miscellaneous	1,000	800	591	
Postage	250	190	183	
Office Supplies	525	325	294	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,080	4,080	
Continuing Disclosure Fee	250	250	250	
Website Management	1,750	1,750	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	58,144	$	55,296	$	53,483	
				
MAINTENANCE EXPENDITURES				
Lawn Maintenance/Landscaping	22,000	25,000	23,825	
Aquatic Maintenance	2,000	2,100	1,835	
Maintenance/District Improvements	4,205	2,000	0	
Engineering/Inspections	1,900	7,400	5,455	
Contingency/Reserve	6,223	2,000	0	
TOTAL MAINTENANCE EXPENDITURES	$	36,328	$	38,500	$	31,115	
				
TOTAL EXPENDITURES	$	94,472	$	93,796	$	84,598	
				
REVENUES LESS EXPENDITURES	$	128,465	$	129,279	$	138,472	
				
Bond Payments	(115,100)	(116,593)	(116,593)	
				
BALANCE	$	13,365	$	12,686	$	21,879	
				
County Appraiser & Tax Collector Fee	(4,455)	(2,143)	(2,143)	
Discounts For Early Payments	(8,910)	(8,508)	(8,508)	
				
EXCESS/ (SHORTFALL)	$	-	$	2,035	$	11,228	
				
Carryover From Prior Year		0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	2,035	$	11,228	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$189,358	
$2,035	
$191,393	

9/29/2022 9:32 AM	I

AMENDED FINAL BUDGET
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	6	5	
NAV Tax Collection	115,100	116,593	116,593	
Total Revenues	$	115,125	$	116,599	$	116,598	
				
EXPENDITURES				
Principal Payments	75,000	75,000	75,000	
Interest Payments	36,319	37,538	37,538	
Bond Redemption	3,806	0	0	
Total Expenditures	$	115,125	$	112,538	$	112,538	
				
Excess/ (Shortfall)	$	-	$	4,061	$	4,060	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$101,895	
$4,061	
$105,956	

Notes
Reserve Fund Balance = $58,058*. Revenue Fund Balance = $47,898*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $17,550.
* Approximate Amounts

Series 2014 Bond Refunding Information		
Original Par Amount =	$1,660,000	Annual Principal Payments Due:	
Interest Rate =	3.25% - 8.25%	May 1st	
Issue Date =	April 2014	Annual Interest Payments Due:	
Maturity Date =	May 2034	May 1st & November 1st	
Par Amount As Of 9/30/22=	$1,080,000		

9/29/2022 9:32 AM	II