Title: HC Amended Final Budget 2021-2022.xlsx
Author: JWalker

Hillcrest
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
HILLCREST 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 | 86,234 | 86,593 | 86,593
Debt Assessments | 662,543 | 662,543 | 662,543
Other Revenues | 0 | 0 | 0
Interest Income | 120 | 195 | 191
Total Revenues | $	748,897 | $	749,331 | $	749,327
EXPENDITURES | | |
Supervisor Fees | 0 | 0 | 0
Engineering/Inspections | 3,000 | 10,000 | 7,548
Miscellaneous Maintenance (Asphalt, Etc.) | 0 | 32,000 | 30,189
Management | 35,580 | 35,580 | 35,580
Legal | 18,000 | 7,500 | 3,348
Assessment Roll | 5,000 | 5,000 | 5,000
Audit Fees | 3,700 | 3,700 | 3,700
Arbitrage Rebate Fee | 650 | 650 | 650
Insurance | 6,700 | 6,249 | 6,249
Legal Advertisements | 1,500 | 1,100 | 678
Miscellaneous | 1,100 | 600 | 226
Postage | 300 | 450 | 437
Office Supplies | 675 | 450 | 400
Dues & Subscriptions | 175 | 175 | 175
Trustee Fees | 3,800 | 3,709 | 3,709
Continuing Disclosure Fee | 1,000 | 500 | 500
TOTAL EXPENDITURES | $	81,180 | $	107,663 | $	98,389
Excess/ (Shortfall) | $	667,717 | $	641,668 | $	650,938
Bond Payments | (622,790) | (635,301) | (635,301)
Balance | $	44,927 | $	6,367 | $	15,637
County Appraiser & Tax Collector Fee | (14,983) | (2,082) | (2,082)
Discounts For Early Payments | (29,966) | (28,707) | (28,707)
Net Excess/ (Shortfall) | $	(22) | $	(24,422) | $	(15,152)

FUND BALANCE AS OF 9/30/21
FY 2021/2022 FUND BALANCE ACTIVITY
FUND BALANCE AS OF 9/30/22

$74,087
($24,422)
$49,665

I

AMENDED FINAL BUDGET
HILLCREST 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 | 33 | 32
NAV Assessment Collection | 622,790 | 635,301 | 635,301
Total Revenues | $	622,815 | $	635,334 | $	635,333
EXPENDITURES | | |
Principal Payments | 190,000 | 180,000 | 180,000
Interest Payments | 432,731 | 435,994 | 435,994
Bond Redemption | 84 | 0 | 0
Total Expenditures | $	622,815 | $	615,994 | $	615,994
Excess/ (Shortfall) | $	- | $	19,340 | $	19,339

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$757,148
$19,340
$776,488

Notes
Reserve Fund Balance = $313,054*. Revenue Fund Balance = $463,434*
Revenue Fund Balance To Be Used To Make 11/1/2022 Principal & Interest Payment Of $406,366 - Principal Payment Of $190,000 & Interest Payment Of $216,366.
* Approximate Amounts

Series 2018 Bond Information

Original Par Amount = | $9,805,000 | Annual Principal Payments Due:
Interest Rate = | 3.625% - 5.0% | November 1st
Issue Date = | January 2018 | Annual Interest Payments Due:

Maturity Date =

Par Amount As Of 9/30/22 =

November 2048

$9,280,000

May 1st & November 1st

10/12/2022 1:46 PM	^II