Coronado Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CORONADO COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	96,016	96,959	96,959	
Maintenance Assessments	104,052	104,052	104,052	
Debt Assessments	252,625	252,625	252,625	
Master Association Contributions	59,550	61,905	61,905	
Interest Income	180	580	569	
				
TOTAL REVENUES	$	512,423	$	516,121	$	516,110	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	10,000	5,800	5,800	
Payroll Taxes	765	444	444	
Management	33,924	33,924	33,924	
Field Operations Management	900	900	900	
Legal	12,000	5,000	3,917	
Assessment Roll	3,000	3,000	3,000	
Audit Fees	3,400	3,400	3,400	
Insurance	6,356	5,778	5,778	
Legal Advertisements	1,800	1,300	676	
Miscellaneous	1,600	1,950	1,884	
Postage	575	250	241	
Office Supplies	800	750	642	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,600	3,165	3,165	
Continuing Disclosure Fee	1,000	350	350	
Website Management	1,500	1,500	1,500	
Operating Reserve	9,000	750	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	91,395	$	68,436	$	65,796	
				
MAINTENANCE EXPENDITURES				
Security Services	119,100	129,100	117,013	
Lake/Aquatic Maintenance/Midgefly Control	4,500	1,800	1,800	
Fountain Maintenance/Power-FPL	2,400	1,000	657	
Storm Drainage Maintenance (Streets)	4,200	3,750	3,500	
Engineering	4,800	1,150	285	
Roadway/Street Maintenance (Signage & Markings)	6,600	850	563	
Soft Gates & Security Cameras Maintenance	4,800	100	0	
Soft Gates Control/Power - FPL	2,500	100	0	
Contingency	4,800	18,000	17,380	
Maintenance Reserve	4,200	9,500	8,280	
Security Gate Project	500	100	0	
TOTAL MAINTENANCE EXPENDITURES	$	158,400	$	165,450	$	149,478	
				
TOTAL EXPENDITURES	$	249,795	$	233,886	$	215,274	
				
REVENUES LESS EXPENDITURES	$	262,628	$	282,235	$	300,836	
				
Bond Payments	(239,994)	(241,593)	(241,593)	
				
BALANCE	$	22,634	$	40,642	$	59,243	
				
County Appraiser & Tax Collector Fee	(4,527)	(4,380)	(4,380)	
Discounts For Early Payments	(18,107)	(15,396)	(15,396)	
				
EXCESS/ (SHORTFALL)	$	-	$	20,866	$	39,467	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	20,866	$	39,467	
Notes
Carryover From Prior Year Of $8,325 to be used to reduce Fiscal Year 2018/2019 Assessments

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$211,098	
$20,866	
$231,964	

10/9/2018 2:48 PM	I

AMENDED FINAL BUDGET
CORONADO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income	0	450	446	
NAV Tax Collection	239,994	241,593	241,593	
Total Revenues	$	239,994	$	242,043	$	242,039	
				
EXPENDITURES				
Principal Payments (2017)	114,000	114,000	114,000	
Interest Payments (2017)	125,345	127,963	127,963	
Bond Redemption	649	0	0	
Total Expenditures	$	239,994	$	241,963	$	241,963	
				
Excess/ (Shortfall)	$	-	$	80	$	76	

FUND BALANCE AS OF 9/30/17	
FY 2017/2017 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$193,691	
$80	
$193,771	

Notes
Reserve Fund Balance = $120,325*. Revenue Fund Balance = $73,446*.
Revenue Fund Balances To Be Used To Make 11/1/2018 Interest Payment Of $62,067.
* Approximate Amounts

As Of 9/30/2018 - Construction Account Balance = $237,537. Fiscal Year 2017/2018 Capital Outlays = $7,856.

Series 2017 Bond Refunding Information
Original Par Amount =	$3,399,000	Annual Principal Payments Due:	
Interest Rate =	2.125% - 4.25%	May 1st	
Issue Date =	April 2017	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/18 =	May 2038

$3,285,000	May 1st & November 1st	

10/9/2018 2:48 PM	II