Banyan Cay Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

REVENUES	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	
O&M Assessments	0	0	0	
Developer Contribution	85,625	121,870	121,870	
Debt Assessments	0	0	0	
Interest Income	0	0	14	
Total Revenues	$	85,625	$	121,870	$	121,884	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	8,000	18,000	16,017	
Management	24,000	24,000	24,000	
Legal	20,000	44,000	41,840	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,500	3,200	3,200	
Arbitrage Rebate Fee	650	650	0	
Insurance	6,000	5,513	5,513	
Legal Advertisements	7,500	1,000	636	
Miscellaneous	2,000	1,000	751	
Postage	500	185	178	
Office Supplies	1,300	135	110	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,000	4,000	0	
Continuing Disclosure Fee	1,000	500	500	
Website Management	2,000	2,000	2,000	
Appraisal Fee	0	11,000	11,000	
Total Expenditures	$	85,625	$	120,358	$	110,920	
				
REVENUES LESS EXPENDITURES	$	-	$	1,512	$	10,964	
				
Bond Refunding Payments	0	0	0	
				
BALANCE	$	-	$	1,512	$	10,964	
				
County Appraiser & Tax Collector Fee	0	0	0	
Discounts For Early Payments	0	0	0	
				
EXCESS/ (SHORTFALL)	$	-	$	1,512	$	10,964	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	1,512	$	10,964	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$6,240	
$1,512	
$7,752	

11/1/2021 8:07 AM

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

REVENUES	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	
Interest Income	0	21	21	
NAV Assessment Collection	0	0	0	
Bond Proceeds	0	634,726	634,726	
Transfer From Cost Of Issuance Account	0	250	250	
Total Revenues	$	-	$	634,997	$	634,997	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	100,170	100,170	
Bond Redemption	0	0	0	
Transfer To Construction Fund	0	14	14	
Total Expenditures	$	-	$	100,184	$	100,184	
				
Excess/ (Shortfall)	$	-	$	534,813	$	534,813	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$0	
$534,813	
$534,813	

Notes
Reserve Fund Balance = $400,000*. Revenue Fund Balance = $0*
Interest Account Balance = $250*. Capitalized Interest Account Balance = $134,563*
Capitalized Interest Account Balance To Be Used To Make 11/1/2021 Interest Payment Of $134,556. Capitalized Interest Set-up Through November 2021.
Capital Projects Debt Proceeds = $6,260,274. Total Bond Proceeds = $6,895,000. FY 2020/2021 Cost Of Issuance = $400,892.
Fiscal Year 2020/2021 Capital Outlays = $5,859,133.
* Approximate Amounts

Series 2020 Bond Information

Original Par Amount =	$6,895,000	Annual Principal Payments Due:	
Interest Rate =	2.75% - 4.00%	November 1st	
Issue Date =	December 2020	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/21 =	November 2051

$6,895,000	May 1st & November 1st	

11/1/2021 8:07 AM	
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