Principal One 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
PRINCIPAL ONE 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	
O & M Assessments	57,771	58,527	58,527	
Debt Assessments	230,012	230,524	230,524	
Other Revenues	0	0	0	
Interest Income	120	135	133	
				
TOTAL REVENUES	$	287,903	$	289,186	$	289,184	
				
EXPENDITURES				
Engineering/Inspections	2,000	3,620	3,620	
Supervisor Fees	0	0	0	
Management	26,316	26,316	26,316	
Legal	2,000	1,250	720	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,800	3,800	3,800	
Insurance	6,000	5,706	5,706	
Legal Advertisements	600	600	337	
Miscellaneous	850	850	705	
Postage	200	110	103	
Office Supplies	400	225	204	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	2,500	
Continuing Disclosure Fee	300	300	300	
Website Management	2,000	2,000	2,000	
Contingency	1,129	1,129	0	
TOTAL EXPENDITURES	$	53,270	$	53,581	$	51,486	
				
REVENUES LESS EXPENDITURES	$	234,633	$	235,605	$	237,698	
				
Bond Payments	(211,611)	(214,453)	(214,453)	
				
BALANCE	$	23,022	$	21,152	$	23,245	
				
County Appraiser & Tax Collector Fee	(11,511)	(9,754)	(9,754)	
Discounts For Early Payments	(11,511)	(10,370)	(10,370)	
				
EXCESS/ (SHORTFALL)	$	-	$	1,028	$	3,121	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	1,028	$	3,121	

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

$94,033	
$1,028	
$95,061	

AMENDED FINAL BUDGET
PRINCIPAL ONE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE
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	110	109	
NAV Tax Collection	211,611	214,453	214,453	
Total Revenues	$	211,636	$	214,563	$	214,562	
				
EXPENDITURES				
Principal Payments	150,000	150,000	150,000	
Interest Payments	59,950	62,013	62,013	
Bond Redemption	1,686	0	0	
Total Expenditures	$	211,636	$	212,013	$	212,013	
				
Excess/ (Shortfall)	$	-	$	2,550	$	2,549	

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

$153,703	
$2,550	
$156,253	

Notes
Reserve Fund Balance = $75,665*. Revenue Fund Balance = $75,126* Redemption Fund Balance = $5,462*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $28,944.
* 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 9/30/22 =	$2,105,000