Seagrove Community Development District

Amended Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2024

AMENDED FINAL BUDGET
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
O&M Assessments	0	0	0	
Developer Contribution	103,025	68,683	68,683	
Debt Assessments	0	0	0	
Interest Income	0	750	741	
				
TOTAL REVENUES	$	103,025	$	69,433	$	69,424	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	0	0	0	
Management	36,000	36,000	36,000	
Legal	30,000	23,000	14,796	
Assessment Roll	7,500	0	0	
Audit Fees	4,000	3,200	3,200	
Arbitrage Rebate Fee	650	0	0	
Insurance	6,000	5,000	5,000	
Legal Advertisements	5,000	1,400	443	
Miscellaneous	1,500	800	226	
Postage	200	120	99	
Office Supplies	2,500	260	214	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,500	0	0	
Continuing Disclosure Fee	1,000	0	0	
				
Total Administrative Expenditures	$	99,025	$	69,955	$	60,153	
				
Maintenance Expenditures				
Engineering/Inspections	2,000	3,000	2,047	
Miscellaneous Maintenance	2,000	0	0	
Field Operations	0	0	0	
				
Total Maintenance Expenditures	$	4,000	$	3,000	$	2,047	
				
TOTAL EXPENDITURES	$	103,025	$	72,955	$	62,200	
				
REVENUES LESS EXPENDITURES	$	-	$	(3,522)	$	7,224	
				
Bond Payments	0	0	0	
				
BALANCE	$	-	$	(3,522)	$	7,224	
				
County Appraiser & Tax Collector Fee	0	0	0	
Discounts For Early Payments	0	0	0	
				
EXCESS/ (SHORTFALL)	$	-	$	(3,522)	$	7,224	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$24,370	
($3,522)	
$20,848	

10/15/2024 4:02 PM	I

AMENDED FINAL BUDGET
SEAGROVE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2024
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income	0	1,330	1,330	
Bond Proceeds (Debt Service)	0	773,149	773,149	
NAV Assessment Collection	0	0	0	
Developer Contribution - Debt	0	0	0	
Total Revenues	$	-	$	774,479	$	774,479	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	0	0	
Bond Redemption	0	0	0	
Transfer To Construction Account	0	894	894	
Total Expenditures	$	-	$	894	$	894	
				
Excess/ (Shortfall)	$	-	$	773,585	$	773,585	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$0	
$773,585	
$773,585	

Notes
Reserve Fund Balance = $519,541*. Interest Account Balance = $254,044*. Interest Account To Be Used To Make 12/15/2024 Interest Payment Of $253,607. Capitalized Interest Was Set-Up Through December 2024.
Capital Projects Bond Proceeds = $15,226,851. Total Bond Proceeds = $16,000,000. FY 2023/2024 Cost Of Issuance = $518,234.
Fiscal Year 2023/2024 Capital Outlay = $11,601,111.
* Approximate Amounts

Series 2024 Bond Information

Original Par Amount =	$16,000,000	Annual Principal Payments Due:	
Interest Rate =	4.25% - 5.2%	June 15th	
Issue Date =	August 2024	Annual Interest Payments Due:	
Maturity Date =	June 2054	June 15th & December 15th	

Par Amount As Of 9/30/24 =	
$16,000,000		
	
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