Title: P Proposed Budget 2022-2023.xlsx
Author: JWalker

Pentathlon Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
PENTATHLON COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES | FISCAL YEAR 2022/2023 BUDGET
ADMINISTRATIVE ASSESSMENTS | 68,772
MAINTENANCE/INFRASTRUCTURE IMPROVEMENT ASSESSMENTS | 10,638
DEBT ASSESSMENTS | 213,808
INTEREST INCOME | 360
TOTAL REVENUES | $	293,578
EXPENDITURES |
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS |
IMPROVEMENT CONTINGENCY | 9,000
ENGINEERING/INSPECTIONS | 1,000
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS | $	10,000
ADMINISTRATIVE EXPENDITURES |
SUPERVISOR FEES | 6,000
PAYROLL TAXES (EMPLOYER) | 480
MANAGEMENT | 32,676
SECRETARIAL | 3,000
LEGAL | 8,000
ASSESSMENT ROLL | 6,000
AUDIT FEES | 3,600
INSURANCE | 6,200
LEGAL ADVERTISING | 600
MISCELLANEOUS | 850
POSTAGE | 225
OFFICE SUPPLIES | 525
DUES & SUBSCRIPTIONS | 175
TRUSTEE FEES | 3,500
CONTINUING DISCLOSURE FEE | 350
WEBSITE MANAGEMENT | 1,500
TOTAL ADMINISTRATIVE EXPENDITURES | $	73,681
TOTAL EXPENDITURES | $	83,681
REVENUES LESS EXPENDITURES | $	209,897
BOND PAYMENTS | (200,955)
BALANCE | $	8,942
COUNTY APPRAISER & TAX COLLECTOR FEE | (5,864)
DISCOUNTS FOR EARLY PAYMENTS | (11,728)
EXCESS/ (SHORTFALL) | $	(8,650)
CARRYOVER FROM PRIOR YEAR | 8,650
NET EXCESS/ (SHORTFALL) | $	-

DETAILED PROPOSED BUDGET
PENTATHLON 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
ADMINISTRATIVE ASSESSMENTS | 70,217 | 69,019 | 68,772 | Expenditures Less Interest & Carryover/.94
MAINTENANCE/INFRASTRUCTURE IMPROVEMENT ASSESSMENTS | 10,638 | 10,638 | 10,638 | Expenditures/.94
DEBT ASSESSMENTS | 212,546 | 213,569 | 213,808 | Bond Payments/.94
INTEREST INCOME | 437 | 360 | 360 | Interest Projected At $30 Per Month
TOTAL REVENUES | $	293,838 | $	293,586 | $	293,578 |
EXPENDITURES | | | |
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS | | | |
IMPROVEMENT CONTINGENCY | 0 | 9,000 | 9,000 | Improvement Contingency
ENGINEERING/INSPECTIONS | 975 | 1,000 | 1,000 | No Change From 2021/2022 Budget
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS | $	975 | $	10,000 | $	10,000 |
ADMINISTRATIVE EXPENDITURES | | | |
SUPERVISOR FEES | 4,000 | 6,000 | 6,000 | No Change From 2021/2022 Budget
PAYROLL TAXES (EMPLOYER) | 306 | 480 | 480 | Projected At 8% Of Supervisor Fees
MANAGEMENT | 31,296 | 31,728 | 32,676 | CPI Adjustment (Capped At 3%)
SECRETARIAL | 3,000 | 3,000 | 3,000 | No Change From 2021/2022 Budget
LEGAL | 5,875 | 8,000 | 8,000 | No Change From 2021/2022 Budget
ASSESSMENT ROLL | 6,000 | 6,000 | 6,000 | No Change From 2021/2022 Budget
AUDIT FEES | 3,400 | 3,500 | 3,600 | Accepted Amount For 2021/2022 Audit
INSURANCE | 5,513 | 6,000 | 6,200 | Insurance Estimate
LEGAL ADVERTISING | 196 | 650 | 600 | $50 Decrease From 2021/2022 Budget
MISCELLANEOUS | 367 | 900 | 850 | $50 Decrease From 2021/2022 Budget
POSTAGE | 86 | 250 | 225 | $25 Decrease From 2021/2022 Budget
OFFICE SUPPLIES | 152 | 550 | 525 | $25 Decrease From 2021/2022 Budget
DUES & SUBSCRIPTIONS | 175 | 175 | 175 | No Change From 2021/2022 Budget
TRUSTEE FEES | 3,400 | 3,500 | 3,500 | No Change From 2021/2022 Budget
CONTINUING DISCLOSURE FEE | 350 | 350 | 350 | No Change From 2021/2022 Budget
WEBSITE MANAGEMENT | 1,500 | 1,500 | 1,500 | No Change From 2021/2022 Budget
TOTAL ADMINISTRATIVE EXPENDITURES | $	65,616 | $	72,583 | $	73,681 |
TOTAL EXPENDITURES | $	66,591 | $	82,583 | $	83,681 |
REVENUES LESS EXPENDITURES | $	227,247 | $	211,003 | $	209,897 |
BOND PAYMENTS | (202,550) | (200,755) | (200,955) | 2023 P & I Payments Less Earned Interest
BALANCE | $	24,697 | $	10,248 | $	8,942 |
COUNTY APPRAISER & TAX COLLECTOR FEE | (2,824) | (5,864) | (5,864) | Two Percent Of Total Assessment Roll
DISCOUNTS FOR EARLY PAYMENTS | (10,969) | (11,729) | (11,728) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	10,904 | $	(7,345) | $	(8,650) |
CARRYOVER FROM PRIOR YEAR | 0 | 7,345 | 8,650 | Carryover From Prior Year
NET EXCESS/ (SHORTFALL) | $	10,904 | $	(0) | $	- |

DETAILED FINAL DEBT SERVICE FUND BUDGET PENTATHLON 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 | 17 | 25 | 25 | Projected Interest For 2022/2023
NAV Tax Collection | 202,550 | 200,755 | 200,955 | 2023 P & I Payments Less Earned Interest
Total Revenues | $	202,567 | $	200,780 | $	200,980 |
EXPENDITURES | | | |
Principal Payments | 115,000 | 120,000 | 125,000 | Principal Payment Due In 2023
Interest Payments | 87,105 | 80,780 | 75,980 | Interest Payments Due In 2023
Total Expenditures | $	202,105 | $	200,780 | $	200,980 |
Excess/ (Shortfall) | $	462 | $	- | $	- |

Series 2012 Refunding Bonds Information

Original Par Amount = | $2,780,000 | Annual Principal Payments Due = | November 1st
Interest Rate = | 1.25% - 4.5% | Annual Interest Payments Due = | May 1st & November 1st
Issue Date = | April 2012 | |
Maturity Date = | November 2033 | |

Par Amount As Of 1/1/22 =	$1,840,000

Pentathlon Community Development District Assessment Comparison

Original | Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
Projected | 2019/2020 | 2020/2021 | 2021/2022 | 2022/2023
Assessment* | Assessment* | Assessment* | Assessment* | Projected Assessment*
Administrative | $	144.88 | $	130.21 | $	136.28 | $	134.29 | $ | 133.80
Maintenance/Infrastructure | $	- | $	20.70 | $	20.70 | $	20.70 | $ | 20.70

Debt

$	505.12

$	421.85

$	413.52

$	415.50

$	415.97

Total

$	650.00	$

572.76	$

570.50	$

570.49	$

570.47

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:
Total Units	514

1/31/2022 10:27 AM	^IV

1/31/2022 10:27 AM