Keys Cove II Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
ADMINISTRATIVE ASSESSMENTS	89,778	90,309	90,309	
MAINTENANCE ASSESSMENTS	634,362	634,368	634,368	
DEBT ASSESSMENTS	377,606	377,608	377,608	
OTHER REVENUES	0	0	0	
INTEREST INCOME	840	1,610	1,601	
				
TOTAL REVENUES	$	1,102,586	$	1,103,895	$	1,103,886	
				
ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	0	1,600	1,600	
PAYROLL TAXES	0	53	53	
MANAGEMENT	32,856	32,856	32,856	
SECRETARIAL & FIELD OPERATIONS	9,000	9,000	9,000	
LEGAL	9,500	8,000	6,037	
ASSESSMENT ROLL	10,000	10,000	10,000	
AUDIT FEES	3,400	3,400	3,400	
ARBITRAGE REBATE FEE	650	650	650	
INSURANCE	6,500	7,625	7,265	
LEGAL ADVERTISING	1,000	750	288	
MISCELLANEOUS	1,800	1,600	1,292	
POSTAGE	475	135	125	
OFFICE SUPPLIES	825	250	206	
DUES & SUBSCRIPTIONS	175	175	175	
TRUSTEE FEES	4,650	4,634	4,634	
CONTINUING DISCLOSURE FEE	500	500	500	
WEBSITE MANAGEMENT	2,000	2,000	2,000	
ADMINISTRATIVE CONTINGENCY	1,900	950	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	85,231	$	84,178	$	80,081	
				
MAINTENANCE EXPENDITURES				
ENGINEERING/INSPECTIONS	3,000	2,500	1,425	
LAWN & LANDSCAPE MAINTENANCE	190,000	227,000	204,176	
MULCH	28,200	17,380	17,380	
TREE SHRUBBERY MAINTENANCE/REPLACEMENT	15,000	2,500	975	
PEST CONTROL/FERTILIZATION	12,000	2,500	500	
IRRIGATION MAINTENANCE & UPKEEP	25,200	20,000	14,785	
STREET/ROADWAY MAINTENANCE & UPKEEP	18,000	18,000	16,133	
SECURITY SERVICES/ENTRANCE	138,000	138,000	117,711	
GUARD HOUSE UTILITIES & GATE MAINTENANCE	30,000	31,000	29,757	
FP&L POWER - STREET LIGHTS/IRRIGATION PUMP STATIONS	60,000	25,000	21,889	
STREET LIGHT MAINTENANCE	35,000	17,000	13,833	
PAVER RESTORATION & TREE ROOT REMOVAL	10,000	2,500	1,500	
MISCELLANEOUS MAINTENANCE	18,000	15,000	11,623	
MAINTENANCE CONTINGENCY	13,900	7,500	3,010	
TOTAL MAINTENANCE EXPENDITURES	$	596,300	$	525,880	$	454,697	
				
TOTAL EXPENDITURES	$	681,531	$	610,058	$	534,778	
				
EXCESS/ (SHORTFALL)	$	421,055	$	493,837	$	569,108	
				
BOND PAYMENTS	(354,950)	(359,753)	(359,753)	
				
BALANCE	$	66,105	$	134,084	$	209,355	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(22,035)	(10,598)	(10,598)	
DISCOUNTS FOR EARLY PAYMENTS	(44,070)	(42,440)	(42,440)	
				
EXCESS/ (SHORTFALL)	$	-	$	81,046	$	156,317	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	81,046	$	156,317	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$555,125	
$81,046	
$636,171	

AMENDED FINAL BUDGET
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	250	20	19	
NAV Tax Collection	354,950	359,753	359,753	
Prepaid Bond Collection	0	22,635	22,635	
				
Total Revenues	$	355,200	$	382,408	$	382,407	
				
EXPENDITURES				
Principal Payments	150,000	150,000	150,000	
Interest Payments	200,200	203,638	203,638	
Extraordinary Principal Payments	5,000	55,000	55,000	
Total Expenditures	$	355,200	$	408,638	$	408,638	
				
EXCESS/ (SHORTFALL)	$	-	$	(26,230)	$	(26,231)	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$381,796	
($26,230)	
$355,566	

Note*: Reserve Fund Balance = $175,900. Revenue Fund Balance = $179,014. Prepayment Fund Balance = $652.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $96,525 And Extraordinary Principal Payment Of $25,000.
* Approximate Amounts

Series 2005 Bond Information
Original Par Amount =	$11,745,000	Annual Principal Payments Due =	
Interest Rate =	5.50%	May 1st	
Issue Date =	November 2005	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/21 =	May 2036

$3,510,000	May 1st & November 1st