ChampionsGate
Community Development District

Amended Budget
FY 2019

Table of Contents

 	General Fund

 	Capital Projects Fund

 	Debt Service Fund Series 1998A

 	Amortization Schedule Series 1998A

CHAMPIONSGATE
Community Development District

General Fund Budget Fiscal Year 2020

	ADOPTED
BUDGET	
INCREASE/	AMENDED
BUDGET	ACTUALS
THRU	
	FY2019	(DECREASE)	FY2019	9/30/19	

REVENUES:					
Maintenance Assessments	$731,679	$16,847	$748,526	$748,526	
Interest	$0	$83	$83	$83	
TOTAL REVENUES	$731,679	$16,931	$748,610	$748,610	

EXPENDITURES:					
Administrative:					
Supervisors Fees	$6,000	$1,600	$7,600	$7,600	
FICA Expense	$459	$122	$581	$581	
Engineering	$10,000	$10,150	$20,150	$20,137	
Attorney	$22,500	$0	$22,500	$22,109	
Annual Audit	$3,900	$0	$3,900	$3,900	
Management Fees	$36,603	$0	$36,603	$36,603	
Information Technology	$3,200	$1,700	$4,900	$4,900	
Collection Agent	$5,000	$0	$5,000	$5,000	
Trustee Fees	$4,337	$434	$4,771	$4,771	
Arbitrage Rebate	$450	$450	$900	$900	
Dissemination	$1,250	$0	$1,250	$1,250	
Telephone	$100	$0	$100	$54	
Postage	$1,200	$600	$1,800	$1,796	
Insurance	$7,400	$2,931	$10,331	$10,331	
Printing & Binding	$1,000	$0	$1,000	$535	
Legal Advertising	$1,500	$500	$2,000	$1,948	
Other Current Charges	$250	$0	$250	$59	
Property Appraiser Fees	$500	$0	$500	$384	
Property Taxes	$15	$15	$30	$29	
Office Supplies	$250	$0	$250	$181	
Dues, Licenses & Subscriptions	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE	$106,089	$18,502	$124,591	$123,243	

Maintenance:					
Property Insurance	$26,000	($6,000)	$20,000	$19,926	
Landscape Maintenance Contract	$139,583	$0	$139,583	$139,583	
Landscape Miscellaneous	$8,000	$12,000	$20,000	$19,315	
Irrigation System/Maintenance	$15,000	$10,000	$25,000	$24,231	
Lakes/Fountains	$13,200	$900	$14,100	$14,090	
Lighting	$12,000	$1,500	$13,500	$13,341	
Miscellaneous	$2,000	($1,500)	$500	$250	
Painting Public Areas	$600	($300)	$300	$293	
Traffic Signals	$8,000	$2,050	$10,050	$10,028	
Sidewalks	$10,000	($10,000)	$0	$0	
Signage	$6,000	($3,500)	$2,500	$2,165	
Trash Removal	$3,700	$300	$4,000	$3,995	
Electric	$45,000	$2,000	$47,000	$46,691	
Water/Sewer	$1,000	($800)	$200	$209	
Security	$46,000	$11,250	$57,250	$57,180	
Onsite Management	$147,600	$0	$147,600	$147,598	
Mosquito Control	$7,600	($1,000)	$6,600	$5,610	
Operating Reserves	$0	$0	$0	$0	
Transfer Out - Capital Reserve	$234,307	$5,518	$239,825	$239,825	
TOTAL MAINTENANCE	$725,590	$22,418	$748,008	$744,328	
					
TOTAL EXPENDITURES	$831,679	$40,920	$872,599	$867,570	
					
EXCESS REVENUES (EXPENDITURES)	($100,000)	($23,989)	($123,989)	($118,961)	
					
FUND BALANCE - BEGINNING	$100,000	$243,530	$343,530	$343,530	
					
FUND BALANCE - ENDING	$0	$0	$219,541	$224,569	

CHAMPIONSGATE
Community Development District

Capital Projects Fund Fiscal Year 2020

	ADOPTED
BUDGET	
INCREASE/	AMENDED
BUDGET	ACTUALS
THRU	
	FY2019	(DECREASE)	FY2019	9/30/19	

REVENUES:					
Transfer In	$234,307	$588,539	$822,846	$822,846	
Interest	$100	$12,100	$12,200	$12,179	
TOTAL REVENUES	$234,407	$600,639	$835,046	$835,025	

EXPENDITURES:					
Capital Projects - Other	$360,000	$30,000	$390,000	$389,426	
TOTAL EXPENDITURES	$360,000	$30,000	$390,000	$389,426	
					
EXCESS REVENUES	($125,593)	$570,639	$445,046	$445,599	
					
FUND BALANCE - BEGINNING	$256,874	$100,905	$357,779	$357,779	
					
FUND BALANCE - ENDING	$131,281	$0	$802,825	$803,377	

CHAMPIONSGATE
Community Development District

Debt Service Fund Series 1998A Fiscal Year 2020

	ADOPTED
BUDGET	
INCREASE/	AMENDED
BUDGET	ACTUALS
THRU	
	FY2019	(DECREASE)	FY2019	9/30/19	

REVENUES:					
Assessments - Tax Collector	$1,311,719	$6,316	$1,318,035	$1,318,035	
Interest Income	$500	$4,394	$4,894	$4,894	
TOTAL REVENUES	$1,312,219	$10,710	$1,322,929	$1,322,929	

EXPENDITURES:					
Special Call - 11/1	$0	$25,000	$25,000	$25,000	
Interest - 11/1	$77,031	$0	$77,031	$77,031	
Principal - 5/1	$1,195,000	$1,245,000	$2,440,000	$2,440,000	
Interest - 5/1	$77,031	($781)	$76,250	$76,250	
Transfer Out	$0	$583,022	$583,022	$583,022	
TOTAL EXPENDITURES	$1,349,063	$1,852,240	$3,201,303	$3,201,303	
					
EXCESS REVENUES	($36,844)	($1,841,530)	($1,878,374)	($1,878,374)	
					
FUND BALANCE - BEGINNING	$531,838	$1,346,536	$1,878,374	$1,878,374	
					
FUND BALANCE - ENDING	$494,995	$0	$0	$0	

CHAMPIONSGATE
Community Development District
SERIES 1998A CAPITAL IMPROVEMENT REVENUE BONDS DEBT SERVICE SCHEDULE

AMORTIZATION  SCHEDULE

DATE	
BALANCE	
RATE	
PRINCIPAL	
INTEREST	
TOTAL	
						
11/01/18	$2,465,000.00	6.250%	$25,000.00	$77,031.25	$0.00	
05/01/19	$2,440,000.00	6.250%	$2,440,000.00	$76,250.00	$2,618,281.25	
11/01/19	$0.00	6.250%	$0.00	$0.00	$0.00	
05/01/20	$0.00	6.250%	$0.00	$0.00	$0.00	
			$2,465,000.00	$153,281.25	$2,618,281.25