Pentathlon Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
PENTATHLON COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR  TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	69,431	69,868	69,868	
MAINTENANCE/INFRASTRUCTURE IMPROVEMENT ASSESSMENTS	11,702	11,703	11,703	
Debt Assessments	213,551	213,552	213,552	
Interest Income	120	508	508	
				
TOTAL REVENUES	$	294,804	$	295,631	$	295,631	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	2,800	2,800	
Payroll Taxes - Employer	480	214	214	
Management	29,424	29,424	29,424	
Secretarial	3,000	3,000	3,000	
Legal	8,000	6,830	6,830	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,800	3,800	3,800	
Insurance	6,356	5,778	5,778	
Legal Advertisements	650	650	345	
Miscellaneous	1,000	750	378	
Postage	300	115	107	
Office Supplies	650	380	355	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,350	3,091	3,091	
Continuing Disclosure Fee	500	350	350	
Website Management	1,000	1,000	1,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,685	$	64,357	$	63,647	
				
MAINTENANCE EXPENDITURES				
Improvement Contingency	10,000	500	0	
Engineering/Inspections	1,000	850	850	
TOTAL MAINTENANCE EXPENDITURES	$	11,000	$	1,350	$	850	
				
TOTAL EXPENDITURES	$	81,685	$	65,707	$	64,497	
				
REVENUES LESS EXPENDITURES	$	213,119	$	229,924	$	231,134	
				
Bond Payments	(200,738)	(203,840)	(203,840)	
				
BALANCE	$	12,381	$	26,084	$	27,294	
				
County Appraiser & Tax Collector Fee	(5,894)	(2,844)	(2,844)	
Discounts For Early Payments	(11,787)	(10,572)	(10,572)	
				
EXCESS/ (SHORTFALL)	$	(5,300)	$	12,668	$	13,878	
				
Carryover From Prior Year	5,300	5,300	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	17,968	$	13,878	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$151,982	
$12,668	
$164,650	

Notes
Reserve Funds Totaling $5,300 used to reduce Fiscal Year 2017/2018 Assessments. Reserve Funds Totaling $6,600 to be used to reduce Fiscal Year 2018/2019 Assessments.

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AMENDED FINAL BUDGET
PENTATHLON COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income	50	2,717	2,717	
NAV Tax Collection	200,738	203,840	203,840	
Total Revenues	$	200,788	$	206,557	$	206,557	
				
EXPENDITURES				
Principal Payments	105,000	105,000	105,000	
Interest Payments	95,788	97,179	97,179	
Total Expenditures	$	200,788	$	202,179	$	202,179	
				
Excess/ (Shortfall)	$	-	$	4,378	$	4,378	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$279,427	
$4,378	
$283,805	

Notes
Reserve Fund Balance = $102,059*. Revenue Fund Balance = $181,746*.
Revenue Fund Balance To Be Used To Make 11/1/2018 Principal & Interest Payment Of $152,894 - Principal Payment Of $105,000 & Interest Payment Of $47,894.
* Approximate Amounts

Series 2012 Refunding Bonds Information
Original Par Amount =	$2,780,000	Annual Principal Payments Due:	
Interest Rate =	1.25% - 4.5%	November 1st	
Issue Date =	April 2012	Annual Interest Payments Due:	
Maturity Date =
Par Amount As Of 9/30/18 =	November 2033
$2,285,000	May 1st & November 1st	

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