Del Webb Oak Creek 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

AMENDED FINAL BUDGET
DEL WEBB OAK CREEK COMMUNITY DEVELOPMENT DISTRICT 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 - 8/31/24	
O&M Assessments	205,802	92,124	92,124	
Developer Contribution - O&M	0	107,103	107,103	
Debt Assessments	868,542	389,671	389,671	
Debt Assessments - Debt	0	765,982	765,982	
Interest Income	240	9,431	9,431	
				
Total Revenues	$	1,074,584	$	1,364,311	$	1,364,311	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	0	0	0	
Management	36,000	36,000	33,000	
Legal	29,000	18,000	11,303	
Assessment Roll	5,000	5,000	0	
Audit Fees	4,300	4,300	4,300	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,000	5,375	5,375	
Legal Advertisements	4,000	2,500	1,358	
Miscellaneous	1,500	750	261	
Postage	200	275	250	
Office Supplies	1,500	325	276	
Dues & Subscriptions	175	175	175	
Website Management & ADA Compliance	3,000	3,000	2,750	
Trustee Fees	4,100	4,247	4,247	
Continuing Disclosure Fee	1,000	1,000	0	
Total Administrative Expenditures	96,425	81,597	63,945	
				
Maintenance Expenditures				
Engineering/Inspections	3,000	25,000	17,525	
Miscellaneous Maintenance	1,000	1,000	0	
Preserve Maintenance	75,000	75,000	0	
Lake Bank Maintenance	20,000	10,000	0	
Total Maintenance Expenditures	99,000	111,000	17,525	
				
Total Expenditures	$	195,425	$	192,597	$	81,470	
				
REVENUES LESS EXPENDITURES	$	879,159	$	1,171,714	$	1,282,841	
				
Bond Payments	(823,737)	(1,140,165)	(1,140,165)	
				
BALANCE	$	55,422	$	31,549	$	142,676	
				
County Appraiser & Tax Collector Fee	(12,967)	(662)	(662)	
Discounts For Early Payments	(42,455)	(18,712)	(18,712)	
				
EXCESS/ (SHORTFALL)	$	-	$	12,175	$	123,302	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	12,175	$	123,302	

Fund Balance As Of 9/30/2023	
Projected FY 2023/2024 Activity	
Fund Balance As Of 9/30/2024	

$17,903	
$12,175	
$30,078	

9/10/2024 9:06 AM

AMENDED FINAL BUDGET
DEL WEBB OAK CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2023
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 - 8/31/24	
Interest Income	100	37,201	36,201	
NAV Assessment Collection	823,737	374,184	374,184	
Payment By Developer	0	765,982	765,982	
				
Total Revenues	$	823,837	$	1,177,367	$	1,176,367	
				
EXPENDITURES				
Principal Payments	195,000	195,000	195,000	
Interest Payments	627,697	631,719	631,719	
Bond Redemption	1,140	0	0	
Total Expenditures	$	823,837	$	826,719	$	826,719	
				
Excess/ (Shortfall)	$	-	$	350,648	$	349,648	

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

$420,569	
$350,648	
$771,217	

Notes
Reserve Fund Balance = $411,869*. Revenue Account Balance = $351,762*
Revenue Fund Balance To Be Used To Make 11/1/2024 Interest Payment Of $311,838.
* 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 9/30/24 =	May 2053

$12,390,000	November 1st	

9/10/2024 9:06 AM	II