Everlands Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
O&M Assessments	100,000	
Developer Contribution	0	
Debt Assessments	189,570	
Interest Income	0	
		
TOTAL REVENUES	$	289,570	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	3,500	
Management	37,080	
Legal	20,000	
Assessment Roll	7,500	
Audit Fees	4,400	
Arbitrage Rebate Fee	0	
Insurance	5,500	
Legal Advertisements	2,000	
Miscellaneous	2,045	
Postage	300	
Office Supplies	1,250	
Dues & Subscriptions	175	
Trustee Fees	4,250	
Continuing Disclosure Fee	1,000	
Miscellaneous Maintenance	5,000	
TOTAL EXPENDITURES	$	94,000	
		
REVENUES LESS EXPENDITURES	$	195,570	
		
Bond Payments	(178,196)	
		
BALANCE	$	17,374	
		
County Appraiser & Tax Collector Fee	(5,791)	
Discounts For Early Payments	(11,583)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021 ACTUAL	
FISCAL YEAR 2021/2022 BUDGET	
FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	
O&M Assessments	0	0	100,000	Expenditures/.94	
Developer Contribution	84,322	84,475	0		
Debt Assessments	0	0	189,570	Bond Payments/.94	
Interest Income	12	0	0		
					
TOTAL REVENUES	$	84,334	$	84,475	$	289,570		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	11,330	2,500	3,500		
Management	36,000	36,000	37,080	CPI Increase (Capped At 3%)	
Legal	18,848	20,000	20,000		
Assessment Roll	0	7,500	7,500	As Per Contract	
Audit Fees	0	4,000	4,400	For Fiscal Year 2021/2022 Audit	
Arbitrage Rebate Fee	0	0	0	2021 Bond Qualifies For Small User Exception	
Insurance	5,000	5,500	5,500	Insurance Estimate	
Legal Advertisements	7,465	6,000	2,000	$4,000 Decrease From 2021/2022 Budget	
Miscellaneous	479	1,000	2,045		
Postage	294	300	300		
Office Supplies	448	1,500	1,250		
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	0	0	4,250	Trustee Fees	
Continuing Disclosure Fee	0	0	1,000	Continuing Disclosure Fee	
Miscellaneous Maintenance	0	0	5,000	Miscellaneous Maintenance	
TOTAL EXPENDITURES	$	80,039	$	84,475	$	94,000		
					
REVENUES LESS EXPENDITURES	$	4,295	$	-	$	195,570		
					
Bond Payments	0	0	(178,196)	2023 P & I Payments Less Earned Interest	
					
BALANCE	$	4,295	$	-	$	17,374		
					
County Appraiser & Tax Collector Fee	0	0	(5,791)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	(11,583)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	4,295	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	

FISCAL YEAR

2020/2021

ACTUAL	

FISCAL YEAR

2021/2022

BUDGET	

FISCAL YEAR

2022/2023

BUDGET	

COMMENTS	

Interest Income	
0	
0	
25	
Projected Interest For 2022/2023	

Developer Contribution	
0	
0	
0		

NAV Tax Collection	
0	
0	
178,196	
Maximum Debt Service Collection	

Total Revenues	
$	-	
$	-	
$	178,221		

EXPENDITURES					

Principal Payments	
0	
0	
70,000	
Principal Payment Due In 2023	

Interest Payments	
0	
0	
105,921	
Interest Payments Due In 2023	

Bond Redemption	
0	
0	
2,300	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	178,221		

Excess/ (Shortfall)	

$	-	

$	-	

$	-		

Series 2021 Bond Information

Original Par Amount =	$3,200,000	Annual Principal Payments Due =	December 15th	
Interest Rate =	2.20% - 4.00%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	October 2021			
Maturity Date =

Par Amount As Of 1/1/22 =	December 2051

$3,200,000			

EVERLANDS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Original	Fiscal Year	Fiscal Year	Fiscal Year
Projected	2020/2021	2021/2022	2022/2023
 Assessment*  	Assessment*	 	Assessment*	  Projected Assessment* 

O & M For Single Family 50' - 2021 Project	$	-	$	-	$	99.81	
Debt For Single Family 50' - 2021 Project	$	1,170.17	$	- 	$	- 	$	1,170.19	
Total For Single Family Residential	$	1,170.17	$	-	$	-	$	1,270.00	

O & M For Expansion Area (840 Units)	
$	-	$	-	$	99.81	
Debt For Expansion Area	$	- 	$	- 	$	- 	$	- 	
Total For Single Family Residential (840 Units)	$	-	$	-	$	-	$	99.81	

* Assessments Include the Following: 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee	O&M Assessed To 1,002 Units Debt Assessed To 162 Units

162 - 2021 Units	

840 - Expansion Units	
	To Be Assessed On	To Be Direct	
Community Information	2022/2023	Billed In	
1,002 Total Units	Assessment Roll	2022/2023	

2021 Project
Single Family 50' : 162 Units