Avenir	
Community Development District	

Amended Final Budget For	
Fiscal Year 2021/2022	
October 1, 2021 - September 30, 2022	

CONTENTS

I	AMENDED FINAL OPERATING FUND BUDGET	

II	AMENDED FINAL CLUBHOUSE FUND BUDGET	

III	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2018)	

IV	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019)	

V	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019B)	

VI	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2020 - IMPACT FEES)	

VII	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2020 - SAN)	

VIII	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2021A)	

IX	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2021B)	

OPERATING FUND FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/30/22	
O&M Assessments	3,244,953	1,789,242	1,789,242	
Clubhouse Assessments	0	1,218,750	1,218,750	
Clubhouse Other Revenues		12,330	12,330	
Landowner Contribution - O&M	0	400,000	165,000	
Debt Assessments - Series 2018	3,619,239	2,403,541	2,403,541	
Landowner Contribution - Debt	0	0	0	
Debt Assessments - Series 2019	1,548,229	1,128,488	1,128,488	
Impact Fees	0	3,646,171	3,646,171	
Bond Prepayments - 18 Bond	0	521,050	521,050	
Bond Prepayments Sent to Trustee - 18 Bond		(521,050)	(521,050)	
Bond Prepayments - 19 Bond		1,221,387	1,221,387	
Bond Prepayments Sent to Trustee - 19 Bond		(1,221,387)	(1,221,387)	
Landowner Contribution - 20 SAN	17,162,650	0	0	
Developer Contribution - Capital Projects		3,127,049	3,127,049	
Interest Income	0	988	988.1	
Total Revenues	$	25,575,071	$	13,726,559	$	13,491,559	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	15,000	5,000	1,713	
Management	39,631	31,705	31,705	
Legal	60,000	50,000	43,554	
Assessment Roll	7,500	6,000	6,000	
Audit Fees	8,000	5,600	5,600	
Arbitrage Rebate Fee	1,950	3,250	3,033	
Insurance	8,000	7,000	6,790	
Legal Advertisements	4,500	2,000	1,363	
Miscellaneous	2,000	5,000	507	
Postage	500	500	437	
Office Supplies	2,000	5,000	4,419	
Dues & Subscriptions	175	175	175	
Trustee Fees	18,000	32,000	30,000	
Continuing Disclosure Fee	3,000	2,500	2,333	
Website Management	2,000	1,600	1,600	
Miscellaneous Maintenance	25,000	75,000	49,105	
Infrastructure Maintenance	0	185,000	173,842	
Electric (FPL)	225,000	305,000	301,811	
Water (Seacoast)	100,000	100,000	95,320	
Landscape Maintenance Base	450,000	445,000	438,417	
Landscape Maintenance Optional	100,000	300,000	294,404	
Irrigation Maintenance	0	28,000	26,222	
Lake Maintenance	28,000	40,000	37,222	
Stormwater Management/Lake Water Control	180,000	325,000	315,034	
Roadway & Bridges Maintenance	0	20,000	18,900	
Mitigation Maintenance	130,000	100,000	94,500	
Wild Hog Control	15,000	1,000	0	
Pump Maintenance	25,000	5,000	3,180	
Trail Maintenance	5,000	1,000	0	
Streetlights	100,000	5,000	0	
Field Operations	20,000	1,000	0	
				
Capital Project Outlay	0	3,300,000	3,127,217	
				
TOTAL O&M EXPENDITURES	$	1,575,256	$	5,393,330	$	5,114,403	
				
TOTAL CLUBHOUSE EXPENDITURES	$	1,475,000	$	1,094,326	$	988,438	
				
Excess/ (Shortfall)	$	22,524,815	$	7,238,903	$	7,388,718	
				
Bond Payments - Series 2018	(3,402,085)	(2,316,980)	(2,316,980)	
Bond Payments - Series 2019	(1,455,335)	(1,093,525)	(1,093,525)	
Bond Payments - Series 2020	(17,162,650)	(3,646,171)	(3,646,171)	
Impact Fees Paid to Trustee				
				
Balance	$	504,745	$	182,227	$	332,042	
				
County Appraiser & Tax Collector Fee	(168,248)	(56,857)	(56,857)	
Discounts For Early Payments	(336,497)	(167,560)	(167,560)	
				
Net Excess/ (Shortfall)	$	-	$	(42,190)	$	107,625	

Note: Debt Assessments/Bond Payments Only Includes Transactions Processed Through Operating Account

O&M ONLY	
FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

	
$142,302	
($42,190)	
$100,113	

AMENDED FINAL DETAILED CLUBHOUSE BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

EXPENDITURES	FISCAL YEAR	AMENDED	YEAR	
	2021/2022	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/30/22	

Management	0	7,926	7,926	
Legal	0	14,000	10,889	
Assessment Roll	0	1,500	1,500	
Audit Fees	0	1,400	1,400	
Arbitrage Rebate Fee	0	500	217	
Legal Advertisements	0	1,500	1,004	
Trustee Fees	0	4,000	3,000	
Continuing Disclosure Fee	0	500	167	
Website Management	0	400	400	
Irrigation Maintenance	0	5,000	4,627	
Connect Water Fee	0	0	(330)	
Management/personnel	530,000	450,000	425,902	
Uniforms	0	1,600	1,536	
Licenses/Permits	0	20,000	18,446	
Insurance	0	40,000	38,010	
Post / Print / Office Sup	0	18,000	16,412	
IT / Telecom	0	16,000	15,149	
HVAC Maint & Repair	0	1,000	0	
Janitorial	0	4,000	3,540	
Misc Repair & Maint	945,000	50,000	18,199	
Pest Control	0	9,000	8,340	
Fire/ Life/ Hood -Safe Sys	0	11,000	10,329	
Fitness Equip	0	1,000	685	
Vehicle Lease & Maint	0	500	0	
Holiday Decorations	0	2,000	1,352	
Cable / Music Services	0	2,500	2,056	
Trash Removal	0	2,000	1,814	
Gas	0	28,000	26,737	
Electricity	0	33,000	29,236	
Water & Sewer	0	28,000	25,547	
Irrigation Water	0	1,000	742	
Camera Surveillance	0	85,000	79,064	
Electronic Access Control	0	1,000	0	
Surveillance Repair & Main	0	1,000	0	
Landscape Maint Contract	0	92,000	86,063	
Landscape Other	0	2,500	1,753	
Pool Chemicals	0	34,000	32,027	
Pool Maintenance Agreement	0	1,000	0	
Pool Repair & Misc Maint	0	37,000	35,338	
Tennis & Pickle Court Main	0	10,000	8,842	
Furniture Repair & Maint	0	500	0	
Social Programs	0	45,000	43,573	
Restaurant Expenses	0	0	0	
Deficit Funding F&B Operat	0	0	0	
Other / Capital Expenses	0	30,000	26,946	
				
TOTAL EXPENDITURES	$	1,475,000	$	1,094,326	$	988,438	

CLUBHOUSE ONLY	
FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

	
$0	
$136,753	
$136,753	

DEBT SERVICE FUND (SERIES 2018) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2020/2021	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/30/22	
Interest Income	500	6,691	6,691	
NAV Tax Collection 2018-1	2,098,851	1,676,294	1,676,294	
NAV Tax Collection 2018-2 (Taxable & Tax-Exempt)	490,873	0	0	
NAV Tax Collection 2018-3	811,861	631,413	631,413	
Prepaid Bond Collection	0	521,050	521,050	
Landowner Direct Bill Payments	0	1,209,970	1,209,970	
Total Revenues	$	3,402,085	$	4,045,419	$	4,045,419	
				
EXPENDITURES				
Principal Payments 2018-1	460,000	515,000	515,000	
Principal Payments 2018-2 Taxable	0	1,655,000	1,655,000	
Principal Payments 2018-2 Tax Exmpt	0	420,000	420,000	
Principal Payments 2018-3	165,000	165,000	165,000	
Interest Payments 2018-1	1,638,725	1,649,588	1,649,588	
Interest Payments 2018-2 Taxable	412,775	339,503	339,503	
Interest Payments 2018-2	78,098	64,350	64,350	
Interest Payments 2018-3	642,706	647,450	647,450	
Bond Redemption	4,781	0	0	
Total Expenditures	$	3,402,085	$	5,455,890	$	5,455,890	
				
Excess/ (Shortfall)	$	-	$	(1,410,471)	$	(1,410,471)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$2,640,064	
($1,410,471)	
$1,229,593	

Notes	
2018-1 Reserve Fund Balance = $431,154.58*. 2018-3 Reserve Fund Balance = $203,819.49*.	
2018-1 Revenue Account Balance = $393,695.10*. 2018-3 Revenue Account = $189,064.36*.	
2018-1 Prepayment Account Balance = $4326.72*. 2018-2 Prepayment Account = $7,510.30*.	

* Approximate Amounts

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

	Series 2018-1 Bond Information		
$31,500,000	Annual Principal Payments Due =	May 1st	
5.50%	Annual Interest Payments Due =	May 1st & November 1st	
May 2018			
May 2049	Par Amount As Of 9/30/21 =	$30,005,000	

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

	Series 2018-2 Taxable Bond Information		
$18,445,000	Annual Principal Payments Due =	N/A	
7.90%	Annual Interest Payments Due =	May 1st & November 1st	
May 2018			
May 2029	Par Amount As Of 9/30/21 =	$4,825,000	

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

	Series 2018-2 Bond Information		
$4,700,000	Annual Principal Payments Due =	N/A	
5.85%	Annual Interest Payments Due =	May 1st & November 1st	
May 2018			
May 2029	Par Amount As Of 9/30/21 =	$1,235,000	

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

	Series 2018-3 Bond Information		
$11,565,000	Annual Principal Payments Due =	May 1st	
5.75%	Annual Interest Payments Due =	May 1st & November 1st	
May 2018			
May 2049	Par Amount As Of 9/30/21 =	$11,260,000	

DEBT SERVICE FUND (SERIES 2019) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2020/2021	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/30/22	
Interest Income	0	2,272	2,272	
NAV Tax Collection	1,078,335	1,090,120	1,090,120	
Landowner Contribution	0	432,035	432,035	
Prepaid Bond Collection	0	0	0	
	0			
Total Revenues	$	1,078,335	$	1,524,427	$	1,524,427	
				
EXPENDITURES				
Principal Payments (2019)	220,000	220,000	220,000	
Interest Payments (2019)	861,560	864,080	864,080	
Bond Redemptions	-3,225	0	0	
				
Total Expenditures	$	1,078,335	$	1,084,080	$	1,084,080	
				
Excess/ (Shortfall)	$	-	$	440,347	$	440,347	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$109,268	
$440,347	
$549,614	

Notes	
Reserve Fund Balance = $108,262.37*. Revenue Fund Balance= $439,871.83*. Prepayment Account Balance = $1,454*.	

* Approximate Amounts

Series 2019 Bond Information	
Original Par Amount =	$15,700,000	Annual Principal Payments Due =	
Interest Rate =	5.60%	May 1st	
Issue Date =	April 2020		
Maturity Date =	May 2050	Annual Interest Payments Due =	
		May 1st & November 1st	
Par Amount As Of 9/30/2021 =	$15,430,000		

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2020/2021	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/30/22	
Interest Income	0	2,504	2,504	
Landowner Contribution	377,000	302,644	302,644	
Prepaid Bonds		1,221,387	1,221,387	
				
Total Revenues	$	377,000	$	1,526,535	$	1,526,535	
				
EXPENDITURES				
Principal Payments (2019B-1 - Taxable)	0	115,000	115,000	
Principal Payments (2019B-2 - Tax Exempt )	0	230,000	230,000	
Interest Payments (2019B-1 - Taxable)	377,000	152,625	152,625	
Interest Payments (2019B-2 - Tax Exempt)	0	227,784	227,784	
Bond Redemptions	0			
Total Expenditures	$	377,000	$	725,409	$	725,409	
				
Excess/ (Shortfall)	$	-	$	801,125	$	801,125	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$354,487	
$801,125	
$1,155,612	

Notes	
2019B Taxable Reserve Fund Balance = $96,235.44*. 2019B Tax Exempt Reserve Fund = $181,674.51*.	
2019B Taxable Prepayment Account Balance = $336,154.27*. 2019B Tax Exempt Prepayment Account Balance = $425,224.25	

* Approximate Amounts

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	
Par Amount As Of 9/30/2021 =	

                            Series 2019B-1 (Taxable) Bond Information		
$2,200,000	Principal Payment Due On	
6.88%	May 1, 2029	
December 2019		
May 2029	Annual Interest Payments Due =	
	May 1st & November 1st	
$2,200,000		

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	
Par Amount As Of 9/30/2021 =	

                           Series 2019B-2 (Tax Exempt) Bond Information		
$4,300,000	Principal Payment Due On	
5.25%	May 1, 2029	
December 2019		
May 2029	Annual Interest Payments Due =	
	May 1st & November 1st	
$4,300,000		

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2020/2021	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/30/22	
Interest Income	0	2,971	2,971	
Impact Fees	1,073,500	3,881,729	3,881,729	
Transfer From Cost Of Issuance Account	0	0	0	
				
Total Revenues	$	1,073,500	$	3,884,700	$	3,884,700	
				
EXPENDITURES				
Principal Payments (2020)	0	590,000	590,000	
Interest Payments (2020)	1,073,500	1,654,582	1,654,582	
				
Total Expenditures	$	1,073,500	$	2,244,582	$	2,244,582	
				
Excess/ (Shortfall)	$	-	$	1,640,118	$	1,640,118	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$689,459	
$1,640,118	
$2,329,577	

Notes	
Revenue Fund Balance = $2,296,301.01*. Interest Fund Balance = $18.37*. Redemption Fund Balance = $17.89*.	

* Approximate Amount

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	
Par Amount As Of 9/30/2021 =	

                          Series 2020 (Impact Fee Credit) Bond Information		
$22,600,000	Principal Payment Due =	
4.75%	November 1, 2050	
July 2020		
November 2050	Annual Interest Payments Due =	
	May 1st & November 1st	
$22,600,000		

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2020/2021	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/30/22	
Interest Income	0	5	5	
Debt Proceeds (2020 SAN)	16,089,150	0	0	
Debt Proceeds (2021A-1)	0	6,571,647	6,571,647	
Debt Proceeds (2021A-2)	0	9,459,753	9,459,753	
Transfer From Cost Of Issuance Account (2020 SAN)	0	0	0	
				
Total Revenues	$	16,089,150	$	16,031,405	$	16,031,405	
				
EXPENDITURES				
Principal Payments (2020 SAN)	15,400,000	15,400,000	15,400,000	
Interest Payments (2020 SAN)	689,150	631,400	631,400	
Transfer To 2021 Debt Service	0	5	5	
				
Total Expenditures	$	16,089,150	$	16,031,405	$	16,031,405	
				
Excess/ (Shortfall)	$	-	$	-	$	-	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$0	
$0	
$0	

Notes	
Paid Off with 2021 Bonds	

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	
Par Amount As Of 9/30/2021 =	

                       Series 2020 SAN Information		
$15,400,000	Annual Principal Payments Due =	Due in Full November 1, 2021	
4.50%	Annual Interest Payments Due =	Due in Full November 1, 2021	
October 2020		
November 2021		
	May 1st & November 1st		
$15,400,000		

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2020/2021	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/30/22	
Interest Income	0	10,621	10,621	
NAV Tax Collection	0	0	0	
Debt Proceeds (2021A-1)	0	0	0	
Debt Proceeds (2021A-2)	0	0	0	
				
Total Revenues	$	-	$	10,621	$	10,621	
				
EXPENDITURES				
Principal Payments (2021A-1)	0	0	0	
Principal Payments (2021A-2)	0	0	0	
Interest Payments (2021A-1)	0	505,446	505,446	
Interest Payments (2021A-2)	0	1,180,651	1,180,651	
				
Total Expenditures	$	-	$	1,686,097	$	1,686,097	
				
Excess/ (Shortfall)	$	-	$	(1,675,476)	$	(1,675,476)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$4,098,800	
($1,675,476)	
$2,423,324	

Notes

2021A-1 Reserve Fund Balance = $720,531.95*. 2021A-2 Reserve Fund Balance = $257,901.29*.	
2021A-1 Interest Account Balance = $433,258.62*. 2021A-2 Interest Account Balance = $1,011,871.00*.	
* Approximate Amounts	

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	
Par Amount As Of 9/30/2021 =	

                      Series 2021A-1 Information		
$27,305,000	Annual Principal Payments Due =	
2.25% - 3.4%	May 1st	
September 2021		
May 2052	Annual Interest Payments Due =	
	May 1st & November 1st	
$27,305,000		

Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	
Par Amount As Of 9/30/2021 =	

                      Series 2021A-2 Information		
$39,305,000	Annual Principal Payments Due =	
5.13%	May 1st	
September 2021		
May 2052	Annual Interest Payments Due =	
	May 1st & November 1st	
$39,305,000		

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2020/2021	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/21 - 9/30/22	10/1/21 - 9/30/22	10/1/21 - 9/30/22	
Interest Income	0	635	635	
NAV Tax Collection	0	0	0	
Landowner Direct Payment	0	854,542	854,542	
				
Total Revenues	$	-	$	855,177	$	855,177	
				
EXPENDITURES				
Principal Payments (2021B)	0	0	0	
Interest Payments (2021B)	0	854,550	854,550	
				
Total Expenditures	$	-	$	854,550	$	854,550	
				
Excess/ (Shortfall)	$	-	$	627	$	627	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$145,800	
$627	
$146,427	

Notes	
Reserve Fund Balance = $146,414.51*. Interest Fund Balance = $204.29*.	

* Approximate Amounts

Series 2021B Bond Information
Original Par Amount =	$29,160,000	Principal Payment Due On	
Interest Rate =	5.00%	May 1, 2041	
Issue Date =	September 2021		
Maturity Date =	May 2041	Annual Interest Payments Due =	
Par Amount As Of 9/30/2021 =	$29,160,000