Renaissance Commons Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O&M Assessments	81,922	82,159	82,159	
Debt Assessments	834,812	831,901	831,901	
Other Revenues	0	0	0	
Interest Income	360	203	199	
				
TOTAL REVENUES	$	917,094	$	914,263	$	914,259	
				
EXPENDITURES				
Supervisor Fees	3,000	2,600	2,600	
Payroll Taxes - Employer	240	199	199	
Engineering/Inspections	2,500	5,500	3,940	
Management	30,396	30,396	30,396	
Secretarial	4,200	4,200	4,200	
Legal	9,500	8,600	7,128	
Assessment Roll	5,500	5,500	5,500	
Audit Fees	3,500	3,500	3,500	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,356	5,251	5,251	
Legal Advertisements	1,200	2,200	1,778	
Miscellaneous	1,000	1,000	765	
Postage	350	130	125	
Office Supplies	500	275	255	
Dues & Subscriptions	175	175	175	
Trustee Fee	6,300	4,784	4,784	
Website Management	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	77,367	$	76,960	$	73,246	
				
REVENUES LESS EXPENDITURES	$	839,727	$	837,303	$	841,013	
				
BOND PAYMENTS	(784,724)	(794,191)	(794,191)	
				
BALANCE	$	55,003	$	43,112	$	46,822	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(18,334)	(10,342)	(10,342)	
DISCOUNTS FOR EARLY PAYMENTS	(36,669)	(32,847)	(32,847)	
				
EXCESS/ (SHORTFALL)	$	-	$	(77)	$	3,633	
				
Carryover From Prior Year			0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(77)	$	3,633	

Fund Balance As Of 9/30/2019	
FY 2019/2020 Activity	
Fund Balance As Of 9/30/2020	

$77,590	
($77)	
$77,513	

Note
$5,000 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

10/7/2020 10:11 AM	I

AMENDED FINAL BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	300	1,373	1,359	
NAV Tax Collection	781,269	794,191	794,191	
Prepaid Bond Collection	0	177,966	177,966	
Total Revenues	$	781,569	$	973,530	$	973,516	
				
EXPENDITURES				
Principal Payments (2017A-1)	447,000	442,000	442,000	
Interest Payments (2017A-1)	316,632	320,076	320,076	
Bond Redemption	17,937	115,000	115,000	
Total Expenditures	$	781,569	$	877,076	$	877,076	
Excess/ (Shortfall)	$	-	$	96,454	$	96,440	

Fund Balance As Of 9/30/2019	
FY 2019/2020 Activity	
Fund Balance As Of 9/30/2020	

$1,669,695	
$96,454	
$1,766,149	

Note*: Reserve Fund Balances = $882,105. Revenue Fund Balance = $733,565. Prepayment Fund Balance = $150,479.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $151,678. Prepayment Fund Balance To Be Used To Make 11/1/2020 Extraordinary Principal Payments.
Optional Extraordinary Principal Payments Can Be Made Commencing in 2023.
* Approximate Amounts

Series 2017A-1 Bond Refunding Information
Original Par Amount =	$12,499,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.25%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2017			
Maturity Date =

Par Amount As Of 9/30/20 =	May 2036

$9,334,000			

Series 2017A-2 Bond Refunding Information (Paid Off In November 2018)
Original Par Amount =	$2,978,000
Interest Rate =	5.25%
Issue Date =	March 2017
Maturity Date =	May 2036

Par Amount As Of 9/30/20 =	$0

10/7/2020 10:11 AM	II