Banyan Cay Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O&M Assessments	91,026	91,061	91,061	
Developer Contribution	0	0	0	
Debt Assessments	425,532	425,532	425,532	
Interest Income	60	5	5	
Total Revenues	$	516,618	$	516,598	$	516,598	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	8,000	10,000	7,741	
Management	24,000	24,000	24,000	
Legal	24,000	10,000	5,719	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,300	4,300	4,300	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,064	5,706	5,706	
Legal Advertisements	1,500	1,500	1,170	
Miscellaneous	2,000	1,000	195	
Postage	400	90	83	
Office Supplies	800	300	267	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,150	4,139	4,139	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	2,000	2,000	2,000	
Reserve	2,586	2,586	0	
Total Expenditures	$	85,625	$	72,446	$	62,145	
				
REVENUES LESS EXPENDITURES	$	430,993	$	444,152	$	454,453	
				
Bond Refunding Payments	(400,000)	(412,851)	(412,851)	
				
BALANCE	$	30,993	$	31,301	$	41,602	
				
County Appraiser & Tax Collector Fee	(10,331)	(5,832)	(5,832)	
Discounts For Early Payments	(20,662)	(10,332)	(10,332)	
				
EXCESS/ (SHORTFALL)	$	-	$	15,137	$	25,438	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	15,137	$	25,438	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$17,204	
$15,137	
$32,341	

9/30/2022 12:11 PM	I

AMENDED FINAL BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	27	25	
NAV Tax Collection	400,000	412,851	412,851	
	0	0	0	
Total Revenues	$	400,025	$	412,878	$	412,876	
				
EXPENDITURES				
Principal Payments	130,000	0	0	
Interest Payments	269,113	269,113	269,113	
Bond Redemption	912	0	0	
Transfer To Construction Fund	0	20	18	
Total Expenditures	$	400,025	$	269,133	$	269,131	
				
Excess/ (Shortfall)	$	-	$	143,745	$	143,745	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$534,813	
$143,745	
$678,558	

Notes
Reserve Fund Balance = $400,000*. Revenue Fund Balance = $278,558*
Revenue Account Balance To Be Used To Make 11/1/2022 Principal Payment Of $130,000 And Interest Payment Of $134,556.
* 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 =	November 2051	May 1st & November 1st	

Par Amount As Of 9/30/22 =	
$6,895,000		

9/30/2022 12:11 PM	
II