Banyan Cay Community Development District

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
O&M Assessments	91,026	95,330	95,330	
Developer Contribution	0	0	0	
Debt Assessments	425,532	437,171	437,171	
Interest Income	60	2,094	2,094	
Total Revenues	$	516,618	$	534,595	$	534,595	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	8,000	9,000	6,469	
Management	24,720	24,720	24,720	
Legal	22,000	25,000	24,164	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	4,500	4,400	4,400	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,064	6,134	6,134	
Legal Advertisements	1,400	800	363	
Miscellaneous	2,000	1,000	6	
Postage	400	90	81	
Office Supplies	750	225	197	
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	2,816	2,816	0	
Miscellaneous Maintenance (Vegetation Treatment)	0	8,300	8,300	
Total Expenditures	$	85,625	$	95,449	$	87,798	
				
REVENUES LESS EXPENDITURES	$	430,993	$	439,146	$	446,797	
				
Bond Payments	(400,000)	(435,307)	(435,307)	
				
BALANCE	$	30,993	$	3,839	$	11,490	
				
County Appraiser & Tax Collector Fee	(10,331)	(1,355)	(1,355)	
Discounts For Early Payments	(20,662)	(1,814)	(1,814)	
				
EXCESS/ (SHORTFALL)	$	-	$	670	$	8,321	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	670	$	8,321	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$43,880	
$670	
$44,550	

11/8/2023 1:05 PM	I

AMENDED FINAL BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Interest Income	25	10,983	10,883	
NAV Tax Collection	400,000	435,307	435,307	
Transfer From Construction Fund	0	4,299	4,299	
Total Revenues	$	400,025	$	450,589	$	450,489	
				
EXPENDITURES				
Principal Payments	130,000	130,000	130,000	
Interest Payments	265,538	267,325	267,325	
Bond Redemption	4,487	0	0	
Transfer To Construction Fund	0	9,762	9,762	
Total Expenditures	$	400,025	$	407,087	$	407,087	
				
Excess/ (Shortfall)	$	-	$	43,502	$	43,402	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$678,559	
$43,502	
$722,061	

Notes
Reserve Fund Balance = $400,342*. Revenue Fund Balance = $321,619*
Revenue Account Balance To Be Used To Make 11/1/2023 Principal Payment Of $130,000 And Interest Payment Of $132,769
* 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 9/30/23 =	
$6,765,000		

11/8/2023 1:05 PM	
II