Florida Green Finance Authority

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

AMENDED FINAL BUDGET
FLORIDA GREEN COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
				
REVENUES				
Administrative Closing Assessments	259,250	382,000	382,000	
Annual Administrative Assessments (Commercial)	9,326	9,316	9,316	
Bond/Loan Revenues (Residential)	4,446,400	3,961,088	3,961,088	
Bond/Loan Revenues (Commercial)	1,039,409	1,046,973	1,046,973	
Other Revenue	0	4,985	4,985	
Interest Income	240	700	675	
				
Total Revenues	$	5,754,625	$	5,405,062	$	5,405,037	
				
EXPENDITURES				
Management	30,000	30,000	30,000	
Legal	60,000	62,000	56,862	
Assessment Roll	23,370	51,530	51,530	
Audit Fees	20,000	12,500	12,500	
Insurance	3,507	3,000	3,000	
Legal Advertisements	15,000	8,500	7,449	
Miscellaneous	6,000	6,000	2,034	
New County Set-up Fee	8,000	8,000	8,000	
Dues - Department Of Economic Opportunity	175	175	175	
Dues - Palm Beach County League Of Cities	600	625	625	
Trustee Fees	7,500	3,640	3,640	
Website Management	1,500	1,500	1,500	
Program Reinvestment	0	339,114	0	
				
Total Expenditures	$	175,652	$	526,584	$	177,315	
				
REVENUES LESS EXPENDITURES	$	5,578,973	$	4,878,478	$	5,227,722	
				
Bond/Loan Payments (Residential)	(4,401,936)	(3,930,473)	(3,930,473)	
Bond/Loan Payments (Commercial)	(1,039,409)	(1,039,300)	(1,039,300)	
				
BALANCE	$	137,628	$	(91,295)	$	257,949	
				
Fees (Residential)	(44,464)	(26,882)	(26,882)	
Fees (Commercial)	(13,164)	(10,450)	(10,450)	
				
EXCESS/ (SHORTFALL)	$	80,000	$	(128,627)	$	220,617	
				
Carryover From Prior Years		0	0	
				
NET EXCESS/ (SHORTFALL)	$	80,000	$	(128,627)	$	220,617	

Fund Balance As Of 9/30/2018	
Projected FY 2018/2019 Activity	
Projected Fund Balance As Of 9/30/2019	

$228,627	
($128,627)	
$100,000	

11/22/2019 11:04 AM