Title: RNC Amended Final Budget 2020-2021.xlsx
Author: JWalker

Renaissance Commons 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

AMENDED FINAL BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES

FISCAL YEAR 2019/2020 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 | 81,922 | 81,999 | 81,999
Debt Assessments | 808,479 | 800,379 | 800,379
Other Revenues | 0 | 0 | 0
Interest Income | 240 | 355 | 351
TOTAL REVENUES | $	890,641 | $	882,733 | $	882,729
EXPENDITURES | | |
Supervisor Fees | 3,000 | 1,800 | 1,800
Payroll Taxes - Employer | 240 | 138 | 138
Engineering/Inspections | 7,500 | 7,500 | 4,053
Management | 31,092 | 31,092 | 31,092
Secretarial | 4,200 | 4,200 | 4,200
Legal | 9,500 | 7,000 | 6,020
Assessment Roll | 5,500 | 5,500 | 5,500
Audit Fees | 3,500 | 3,500 | 3,500
Arbitrage Rebate Fee | 650 | 650 | 650
Insurance | 6,065 | 5,513 | 5,513
Legal Advertisements | 1,100 | 1,500 | 1,121
Miscellaneous | 900 | 900 | 676
Postage | 325 | 540 | 523
Office Supplies | 500 | 440 | 414
Dues & Subscriptions | 175 | 175 | 175
Trustee Fee | 6,000 | 4,784 | 4,784
Website Management | 2,000 | 2,000 | 2,000
Maintenance (Sidewalk & Curb) | 0 | 43,000 | 39,323
TOTAL EXPENDITURES | $	82,247 | $	120,232 | $	111,482
REVENUES LESS EXPENDITURES | $	808,394 | $	762,501 | $	771,247
Bond Payments | (759,970) | (763,357) | (763,357)
BALANCE | $	48,424 | $	(856) | $	7,890
COUNTY APPRAISER & TAX COLLECTOR FEE | (17,808) | (10,104) | (10,104)
DISCOUNTS FOR EARLY PAYMENTS | (35,616) | (32,404) | (32,404)
EXCESS/ (SHORTFALL) | $	(5,000) | $	(43,364) | $	(34,618)
Carryover From Prior Year | 5,000 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	(43,364) | $	(34,618)

Fund Balance As Of 9/30/2020
FY 2020/2021 Activity
Fund Balance As Of 9/30/2021

$86,003
($43,364)
$42,639

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

10/8/2021 8:49 AM	^I

AMENDED FINAL BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES

FISCAL YEAR 2019/2020 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 | 300 | 106 | 99
NAV Tax Collection | 759,970 | 763,357 | 763,357
Prepaid Bond Collection | 0 | 2,386,850 | 2,386,850
Total Revenues | $	760,270 | $	3,150,313 | $	3,150,306
EXPENDITURES | | |
Principal Payments (2017A-1) | 456,000 | 456,000 | 456,000
Interest Payments (2017A-1) | 295,720 | 302,705 | 302,705
Bond Redemption | 8,550 | 195,000 | 195,000
Total Expenditures | $	760,270 | $	953,705 | $	953,705
Excess/ (Shortfall) | $	- | $	2,196,608 | $	2,196,601

Fund Balance As Of 9/30/2020
FY 2020/2021 Activity
Fund Balance As Of 9/30/2021

$1,766,149
$2,196,608
$3,962,757

Note*: Reserve Fund Balances = $882,105. Revenue Fund Balance = $738,302. Prepayment Fund Balance = $2,342,350.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $141,099.
Prepayment Fund Balance To Be Used To Make 11/1/2021 Extraordinary Principal Payment of $2,340,000. 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 9/30/21 =

May 2036

$8,683,000

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 9/30/21 =	$0

10/8/2021 8:49 AM	^II