Renaissance Commons 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
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT OPERATING 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	
O&M Assessments	130,068	130,168	130,168	
Debt Assessments	576,003	576,805	576,805	
Other Revenues	0	0	0	
Interest Income	240	195	189	
				
TOTAL REVENUES	$	706,311	$	707,168	$	707,162	
				
EXPENDITURES				
Supervisor Fees	3,000	1,800	1,800	
Payroll Taxes - Employer	240	138	138	
Engineering/Inspections	7,500	7,500	5,018	
Management	31,524	31,524	31,524	
Secretarial	4,200	4,200	4,200	
Legal	9,500	8,500	6,318	
Assessment Roll	5,500	5,500	5,500	
Audit Fees	3,650	3,650	3,650	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,065	5,706	5,706	
Legal Advertisements	1,300	1,300	856	
Miscellaneous	900	750	534	
Postage	325	125	103	
Office Supplies	475	275	250	
Dues & Subscriptions	175	175	175	
Trustee Fee	5,500	4,784	4,784	
Website Management	2,000	2,000	2,000	
Maintenance (Sidewalk & Curb)	40,000	20,000	2,765	
TOTAL EXPENDITURES	$	122,504	$	98,577	$	75,971	
				
REVENUES LESS EXPENDITURES	$	583,807	$	608,591	$	631,191	
				
Bond Payments	(541,442)	(550,575)	(550,575)	
				
BALANCE	$	42,365	$	58,016	$	80,616	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,122)	(7,982)	(7,982)	
DISCOUNTS FOR EARLY PAYMENTS	(28,243)	(25,553)	(25,553)	
				
EXCESS/ (SHORTFALL)	$	-	$	24,481	$	47,081	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	24,481	$	47,081	

Fund Balance As Of 9/30/2021	
FY 2021/2022 Activity	
Fund Balance As Of 9/30/2022	

$55,324	
$24,481	
$79,805	

10/1/2022 10:34 AM	I

AMENDED FINAL BUDGET
RENAISSANCE COMMONS 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	100	97	
NAV Tax Collection	541,442	549,739	549,739	
Prepaid Bond Collection	0	68,117	68,117	
Total Revenues	$	541,467	$	617,956	$	617,953	
				
EXPENDITURES				
Principal Payments (2017A-1)	336,000	325,000	325,000	
Interest Payments (2017A-1)	199,663	244,173	244,173	
Bond Redemption	5,804	2,340,000	2,340,000	
Total Expenditures	$	541,467	$	2,909,173	$	2,909,173	
				
Excess/ (Shortfall)	$	-	$	(2,291,217)	$	(2,291,220)	

Fund Balance As Of 9/30/2021	
FY 2021/2022 Activity	
Fund Balance As Of 9/30/2022	

$3,962,766	
($2,291,217)	
$1,671,549	

Note*: Reserve Fund Balances = $882,105. Revenue Fund Balance = $718,947. Prepayment Fund Balance = $70,497.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $97,793.
Prepayment Fund Balance To Be Used To Make 11/1/2022 Extraordinary Principal Payment of $70,000. 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 9/30/22 =	May 2036

$6,018,000		

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 9/30/22 =	$0

10/1/2022 10:34 AM	II