Del Webb Oak Creek Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 8/31/23	
O&M Assessments	0	0	0	
Developer Contribution	87,875	87,875	87,875	
Debt Assessments	0	0	0	
Interest Income	0	350	313	
				
Total Revenues	$	87,875	$	88,225	$	88,188	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	0	0	0	
Engineering/Inspections	1,000	12,500	8,893	
Miscellaneous Maintenance	1,000	0	0	
Management	36,000	36,000	33,000	
Legal	30,000	30,000	17,345	
Assessment Roll	0	5,000	0	
Audit Fees	0	3,200	3,200	
Arbitrage Rebate Fee	0	0	0	
Insurance	6,000	5,000	5,000	
Legal Advertisements	7,500	5,500	3,972	
Miscellaneous	1,500	1,000	206	
Postage	200	450	424	
Office Supplies	1,500	800	640	
Dues & Subscriptions	175	175	175	
Website Management & ADA Compliance	3,000	3,000	2,750	
Trustee Fees	0	0	0	
Continuing Disclosure Fee	0	0	0	
Total Expenditures	$	87,875	$	102,625	$	75,605	
				
REVENUES LESS EXPENDITURES	$	-	$	(14,400)	$	12,583	
				
Bond Payments	0	0	0	
				
BALANCE	$	-	$	(14,400)	$	12,583	
				
County Appraiser & Tax Collector Fee	0	0	0	
Discounts For Early Payments	0	0	0	
				
EXCESS/ (SHORTFALL)	$	-	$	(14,400)	$	12,583	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(14,400)	$	12,583	

Fund Balance As Of 9/30/2022	
Projected FY 2022/2023 Activity	
Fund Balance As Of 9/30/2023	

$15,853	
($14,400)	
$1,453	

8/29/2023 4:11 PM

DEBT SERVICE FUND - SERIES 2022 FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 8/31/23	
Interest Income	0	6,000	5,358	
NAV Assessment Collection	0	0	0	
Bond Proceeds	0	504,872	504,872	
				
Total Revenues	$	-	$	510,872	$	510,230	
				
EXPENDITURES				
Principal Payments	0	0	0	
Interest Payments	0	93,003	93,003	
Bond Redemption	0	0	0	
Total Expenditures	$	-	$	93,003	$	93,003	
				
Excess/ (Shortfall)	$	-	$	417,869	$	417,227	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$0	
$417,869	
$417,869	

Notes
Reserve Fund Balance = $411,869*. Revenue Account Balance = $6,000* November 2023 Interest Payment For $315,859 To Be Developer Funded.
Capital Projects Bond Proceeds = $12,080,128. Total Bond Proceeds = $12,585,000. FY 2022/2023 Cost Of Issuance = $452,875.
Fiscal Year 2022/2023 Capital Outlays = $5,039,366 (As Of 8-31-23).
* Approximate Amounts

Series 2023 Bond Information

Original Par Amount =	$12,585,000	Annual Principal Payments Due:	
Interest Rate =	4.125% - 5.25%	May 1st	
Issue Date =	March 2023	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/23 =	May 2053

$12,585,000	November 1st	

8/29/2023 4:11 PM	II