Principal One 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	57,771	58,028	58,028	
Debt Assessments	230,537	230,013	230,013	
Other Revenues	0	0	0	
Interest Income	120	133	133	
				
TOTAL REVENUES	$	288,428	$	288,174	$	288,174	
				
EXPENDITURES				
Engineering/Inspections	2,000	1,960	1,960	
Supervisor Fees	0	0	0	
Management	25,380	25,380	25,380	
Legal	3,000	1,500	1,115	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	4,000	3,600	3,600	
Insurance	6,356	5,251	5,251	
Legal Advertisements	600	900	641	
Miscellaneous	950	650	312	
Postage	225	80	73	
Office Supplies	450	190	165	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	250	2,500	
Continuing Disclosure Fee	300	3,000	300	
Website Management	2,000	2,000	2,000	
Contingency	334	334	0	
TOTAL EXPENDITURES	$	53,270	$	50,270	$	48,472	
				
REVENUES LESS EXPENDITURES	$	235,158	$	237,904	$	239,702	
				
Bond Payments	(212,094)	(214,080)	(214,080)	
				
BALANCE	$	23,064	$	23,824	$	25,622	
				
County Appraiser & Tax Collector Fee	(11,532)	(9,724)	(9,724)	
Discounts For Early Payments	(11,532)	(10,217)	(10,217)	
				
EXCESS/ (SHORTFALL)	$	-	$	3,883	$	5,681	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	3,883	$	5,681	

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

$82,445	
$3,883	
$86,328	

11/10/2020  3:44 PM	I

DEBT SERVICE 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	75	577	577	
NAV Tax Collection	212,094	214,080	214,080	
Bond Redemption	212,094	5,455	5,455	
Total Revenues	$	424,263	$	220,112	$	220,112	
				
EXPENDITURES				
Principal Payments	140,000	140,000	140,000	
Interest Payments	67,925	69,850	69,850	
Bond Redemption	4,244	0	0	
Total Expenditures	$	212,169	$	209,850	$	209,850	
				
Excess/ (Shortfall)	$	212,094	$	10,262	$	10,262	

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

$140,455	
$10,262	
$150,717	

Notes
Reserve Fund Balance = $75,593*. Revenue Fund Balance = $69,669* Redemption Fund Balance = $5,455*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $33,000.
* Approximate Amounts

Series 2016 Bond Refunding Information
Original Par Amount =	$2,945,000	Annual Principal Payments Due:
Interest Rate =	2.75%	May 1st
Issue Date =	May 2016	Annual Interest Payments Due:
Maturity Date =	May 2035	May 1st & November 1st

Par Amount As Of 9/30/20 =	$2,400,000

11/10/2020 3:44 PM	II