Florida Green Finance Authority

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

I	AMENDED FINAL OPERATING FUND BUDGET II	COMMERCIAL BONDS RECAP

OPERATING FUND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
				
REVENUES				
O & M Funding Contributions	228,304	92,908	92,908	
O & M Assessments (Commercial)	9,326	9,316	9,316	
Loan Revenues (Residential)	10,000,000	17,259,558	17,259,558	
Bond/Loan Revenues (Commercial)	1,450,000	1,158,763	1,158,763	
Other Revenue	0	6,346	6,346	
Other Revenue - Annual Program Fee	0	8,922	8,922	
Interest Income	300	1,266	1,266	
TOTAL REVENUES	$	11,687,930	$	18,537,079	$	18,537,079	
				
VARIABLE EXPENDITURES				
Assessment Roll	91,130	113,565	113,565	
Miscellaneous	9,000	9,000	2,281	
TOTAL VARIABLE EXPENDITURES	$	100,130	$	122,565	$	115,846	
				
FIXED EXPENDITURES				
Management	36,000	36,000	36,000	
Legal	57,000	63,000	54,894	
Audit Fees	15,000	12,500	12,500	
Insurance	3,500	3,308	3,308	
Legal Advertisements	15,000	7,500	4,459	
New County Set-up Fee	1,000	1,000	1,000	
Dues	800	1,112	1,112	
Trustee Fees	7,500	0	0	
Website Management	2,000	1,500	1,500	
Program Reinvestment	0	0	0	
TOTAL FIXED EXPENDITURES	$	137,800	$	125,920	$	114,773	
				
TOTAL EXPENDITURES	$	237,930	$	248,485	$	230,619	
				
REVENUES LESS EXPENDITURES	$	11,450,000	$	18,288,594	$	18,306,460	
				
Loan Payments (Residential)	(9,850,000)	(17,044,928)	(17,044,928)	
Bond/Loan Payments (Commercial)	(1,430,000)	(1,128,014)	(1,128,014)	
				
BALANCE	$	170,000	$	115,652	$	133,518	
				
Fees (Residential)	(150,000)	(221,897)	(221,897)	
Fees (Commercial)	(20,000)	(34,697)	(34,697)	
				
Excess/ (Shortfall)	$	-	$	(140,942)	$	(123,076)	
				
Program Reinvestment	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(140,942)	$	(123,076)	

Fund Balance As Of 9/30/2020	
Projected FY 2020/2021 Activity	
Projected Fund Balance As Of 9/30/2021	

$290,783	
($140,942)	
$149,841	

COMMERCIAL BONDS RECAP FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

BOND ISSUE	
ORIGINAL PAR
AMOUNT	
CURRENT PAR
AMOUNT	
MATURITY DATE	
ANNUAL ASSESSMENT
AMOUNT	FISCAL YEAR 2020/2021
PRINCIPAL PAYMENTS	FISCAL YEAR 2020/2021
INTEREST PAYMENTS	
							
Series 2014 Loan (E&M Spirits)	
$46,550.00	
$19,814.87	
May 2023	
$9,429.07	
$6,888.32	1,476.55	
Series 2015-1 (Brandsmart Project)	
$2,225,700.00	
$0.00	
-----	
$0.00	
$1,485,818.00	103,943.92	
Series 2018 (Dadeland Mall Project)	
$2,595,468.73	
$2,184,520.69	
November 2028	
$350,856.55	
$210,965.00	130,070.51	
Series 2018A (Orlando Outlets Project)	
$5,562,289.94	
$5,376,736.12	
November 2039	
$496,899.34	
$145,891.70	341,467.98	
Series 2020-A (Avid Viera)	
$3,471,908.43	
$3,471,908.43	
November 2046	
$294,927.30	
$0.00	233,823.39	
Series 2020-B (Home 2-Palm Bay)	
$3,930,000.00	
$3,930,000.00	
November 2046	
$312,209.65	
$0.00	146,894.67	
Series 2020-C (Hyatt-Palm Bay)	
$5,643,500.00	
$5,643,500.00	
November 2046	
$447,438.17	
$0.00	210,941.49	
Series 2020-D (Pruitt Health - Lutz)	
$3,340,018.97	
$3,340,018.97	
November 2047	
$261,701.69	
$0.00	86,422.97	
							
Total	
$26,815,436.07	
$23,966,499.08		
$2,173,461.77	
$1,849,563.02	
$1,255,041.48	
			.				

Note:

BrandsMart Paid Off Series 2015-1 Bond In May 2021.