Adopted Budget
Fiscal Year 2022

Creekside Community Development District

June 16, 2021

Creekside
Community  Development District

TABLE OF CONTENTS

General Fund
Budget Narrative

Page 1
Page 2-3

Debt Service Fund
Series 2006
Budget
Amortization Schedule -  2006

Page 4
Page 5

Creekside
Community Development District

General Fund

FY 2021
Adopted
 	Budget	

Actual Thru
    5/31/2021 

Projected Next
    4 Months 

Total Projected
    9/30/2021 

FY 2022
Adopted
 	Budget	

 Description	

Revenues

Assessments Tax Roll Developer contribution

$60,138
$0

$53,761
$0

$6,377
$9,263

$60,138
$9,263

$60,138
$0

 Total Revenues	

 	$60,138 

 	$53,761 

 	$15,640 

 	$69,401 

 	$60,138 

Expenditures

Administrative Engineering Fees Attorney Fees Arbitrage Dissemination Trustee  Fees Annual Audit Management Fees Computer Time Website Compliance Telephone
Postage Insurance Printing & Binding
Legal Advertising Other Current Charges Property Taxes
Office Supplies Dues, Licenses Capital Outlay
First Quarter Operating

$6,000
$10,000
$1,200
$2,500
$3,500
$4,900
$20,000
$800
$1,000
$25
$100
$6,356
$250
$1,200
$484
$1,378
$70
$175
$200
$0

$909
$19,658
$600
$1,667
$0
$3,900
$13,333
$533
$667
$0
$26
$6,219
$68
$159
$522
$0
$40
$175
$0
$0

$5,091
$343
$0
$833
$3,500
$1,000
$6,667
$267
$333
$25
$74
$0
$182
$866
$136
$1,378
$30
$0
$200
$0

$6,000
$20,000
$600
$2,500
$3,500
$4,900
$20,000
$800
$1,000
$25
$100
$6,219
$250
$1,026
$658
$1,378
$70
$175
$200
$0

$6,000
$10,000
$600
$2,500
$3,500
$4,900
$20,000
$800
$1,000
$25
$100
$6,356
$250
$1,200
$484
$1,378
$70
$175
$200
$600

 Administrative Expenditures 

 	$60,138 

 	$48,476 

 	$20,925 

 	$69,401 

 	$60,138 

 Unassigned Fund Balance	

 	$0 

 	$5,286 

 	($5,286)

 	$0 

 	$0 

(1) Assumes Collection of Assessments

Page 1

FY 2020	FY2021	FY2022

Net Assessments	$112,344	$60,138
Plus Collections (8%)	 	$9,769	 	$5,229 
Gross Assessments	 	$122,113	 	$65,368 
No. of  ERU's	833	446
Gross Assessments Per ERU's	$147	$147

$60,138
$5,229

$65,368

446
$147

Creekside
Community Development District

Debt Service Fund
Series 2006

FY 2021
Adopted
 	Budget

FY 2022
Adopted
 	Budget

 Description	

Revenues

Special Assessments - On Roll

$215,473

$215,473

 Total Revenues	

 	$215,473 

 	$215,473 

Expenditures

Interest 11/1 Principal 5/1 Interest 5/1

$119,080
$160,000
$119,080

$114,920
$165,000
$114,920

 Total Expenditures	

 	$398,160 

 	$394,840 

 Excess Revenues	

     ($182,687)

     ($179,367)

Interest Payment - 11/1/22

$110,630

(1) The District has defaulted on their bonds
(2) These assessments have been accelerated and are subject to a foreclosure.

Page 4

Units	FY 2022

Net Assessments Plus Collections (8%) Gross Assessments

$215,472.63
$18,736.75

$234,209.38

Gross Per Unit Assessments-SF	305	$525.37
Gross Per Unit Assessments-MF	148	$446.56
Gross Per Unit Assessments-Commercial	30000	$0.26

Creekside
Community Development District

Series 2006, Special Assessment Bonds
Amortization Schedule

PRINCIPAL
 	BALANCE	

 	DATE	

   RATE 

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

1-Nov-14
1-May-15
1-Nov-15
1-May-16
1-Nov-16
1-May-17
1-Nov-17
1-May-18
1-Nov-18
1-May-19
1-Nov-19
1-May-20
1-Nov-20
1-May-21

$
$
$
$
$
$
$
$
$
$
$
$
$
$

5,370,000
5,370,000
5,255,000
5,255,000
5,135,000
5,135,000
5,005,000
5,005,000
4,870,000
4,870,000
4,730,000
4,730,000
4,580,000
4,580,000

5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%

$
$
$
$
$
$
$
$
$
$
$
$
$
$

139,620.00
139,620.00
136,630.00
136,630.00
133,510.00
133,510.00
130,130.00
130,130.00
126,620.00
126,620.00
122,980.00
122,980.00
119,080.00
119,080.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 115,000.00
- 120,000.00
- 130,000.00
- 135,000.00
- 140,000.00
- 150,000.00
- 160,000.00

$

394,240.00

$

393,260.00

$

397,020.00

$

395,260.00

$

393,240.00

$

395,960.00

$

398,160.00

1-Nov-22
1-May-23
1-Nov-23
1-May-24
1-Nov-24
1-May-25
1-Nov-25
1-May-26
1-Nov-26
1-May-27
1-Nov-27
1-May-28
1-Nov-28
1-May-29
1-Nov-29
1-May-30
1-Nov-30
1-May-31
1-Nov-31
1-May-32
1-Nov-32
1-May-33
1-Nov-33
1-May-34
1-Nov-34
1-May-35
1-Nov-35
1-May-36
1-Nov-36
1-May-37
1-Nov-37
1-May-38

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

4,255,000
4,255,000
4,080,000
4,080,000
3,895,000
3,895,000
3,700,000
3,700,000
3,495,000
3,495,000
3,280,000
3,280,000
3,055,000
3,055,000
2,815,000
2,815,000
2,565,000
2,565,000
2,300,000
2,300,000
2,020,000
2,020,000
1,725,000
1,725,000
1,415,000
1,415,000
1,090,000
1,090,000
745,000
745,000
380,000
380,000

5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%
5.200%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

110,630.00
110,630.00
106,080.00
106,080.00
101,270.00
101,270.00
96,200.00
96,200.00
90,870.00
90,870.00
85,280.00
85,280.00
79,430.00
79,430.00
73,190.00
73,190.00
66,690.00
66,690.00
59,800.00
59,800.00
52,520.00
52,520.00
44,850.00
44,850.00
36,790.00
36,790.00
28,340.00
28,340.00
19,370.00
19,370.00
9,880.00
9,880.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 175,000.00
- 185,000.00
- 195,000.00
- 205,000.00
- 215,000.00
- 225,000.00
- 240,000.00
- 250,000.00
- 265,000.00
- 280,000.00
- 295,000.00
- 310,000.00
- 325,000.00
- 345,000.00
- 365,000.00

$

396,260.00

$

397,160.00

$

397,540.00

$

397,400.00

$

396,740.00

$

395,560.00

$

398,860.00

$

396,380.00

$

398,380.00

$

399,600.00

$

400,040.00

$

399,700.00

$

398,580.00

$

401,680.00

$

403,740.00

$

380,000.00

$

399,760.00

    Total	

  $	4,169,360.00 

  $	5,370,000.00 

  $	9,539,360.00 

Page 5

1-Nov-21	$	4,420,000	5.200%	$	114,920.00	$	-
1-May-22	$	4,420,000	5.200%	$	114,920.00	$	165,000.00	$	394,840.00