Corkscrew Crossing Community Development District

Amended Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 8/31/24	
O&M (Operations & Maintenance) Assessments	248,435	158,858	158,858	
O&M (Operations & Maintenance) - Direct Bill	0	84,306	84,306	
Debt Assessments	886,316	566,413	566,413	
Debt Assessments - Direct Bill	0	300,800	300,800	
Interest Income	240	9,300	9,230	
				
Total Revenues	$	1,134,991	$	1,119,677	$	1,119,607	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	0	0	0	
Management	36,000	36,000	33,000	
Legal	30,000	10,000	5,405	
Assessment Roll	5,000	5,000	0	
Audit Fees	4,300	4,300	4,300	
Arbitrage Rebate Fee	650	650	0	
Insurance	6,000	5,375	5,375	
Legal Advertisements	3,000	2,200	1,181	
Miscellaneous	1,500	500	214	
Postage	200	150	143	
Office Supplies	1,500	200	134	
Dues & Subscriptions	175	175	175	
Website Management & ADA Compliance	3,000	3,000	2,750	
Trustee Fees	4,100	4,246	4,246	
Continuing Disclosure Fee	1,000	1,000	0	
				
Total Administrative Expenditures	96,425	72,796	56,923	

Maintenance Expenditures				
Engineering/Inspections	6,000	6,000	3,233	
Miscellaneous Maintenance	1,000	1,000	0	
Landscaping	10,000	5,000	0	
Preserve Maintenance	105,432	100,000	50,000	
Lake Bank Maintenance	14,912	22,000	18,792	
				
Total Maintenance Expenditures	137,344	134,000	72,025	
				
Total Expenditures	$	233,769	$	206,796	$	128,948	
				
REVENUES LESS EXPENDITURES	$	901,222	$	912,881	$	990,659	
				
Bond Payments	(833,137)	(844,607)	(844,607)	
				
BALANCE	$	68,085	$	68,274	$	146,052	
				
County Appraiser & Tax Collector Fee	(22,695)	(1,005)	(1,005)	
Discounts For Early Payments	(45,390)	(28,290)	(28,290)	
				
EXCESS/ (SHORTFALL)	$	-	$	38,979	$	116,757	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	38,979	$	116,757	

Fund Balance As Of 9/30/2023	
Projected FY 2023/2024 Activity	
Fund Balance As Of 9/30/2024	

$5,453	
$38,979	
$44,432	

9/21/2024 5:23 PM

AMENDED FINAL BUDGET
CORKSCREW CROSSING COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2022
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 8/31/24	
Interest Income	100	40,900	40,824	
NAV Assessment Collection	833,137	300,800	300,800	
Transfer from Construction Fund	0	543,807	543,807	
				
Total Revenues	$	833,237	$	885,507	$	885,431	
				
EXPENDITURES				
Principal Payments	195,000	195,000	195,000	
Interest Payments	634,056	638,078	638,078	
Bond Redemption	4,181	0	0	
Total Expenditures	$	833,237	$	833,078	$	833,078	
				
Excess/ (Shortfall)	$	-	$	52,429	$	52,353	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$761,383	
$52,429	
$813,812	

Notes
Reserve Fund Balance = $416,569*. Revenue Account Balance = $397,243*.
Interest Account Balance To Be Used To Make 11/1/2024 Interest Payment Of $315,017.
* Approximate Amounts

Series 2023 Bond Information

Original Par Amount =	$12,670,000	Annual Principal Payments Due:	
Interest Rate =	4.125% - 5.30%	May 1st	
Issue Date =	February 2023	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/24 =	May 2053

$12,475,000	November 1st	

9/21/2024 5:23 PM	II