SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 8 - K
C U R R E N T R E P O R T
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 1, 2000
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WODFI LLC
(Exact name of registrant as specified in its charter)
Florida 333-84579 65-0934017
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(State or other jurisdiction (Commission File Number) IRS Employer
of incorporation) Identification No.
120 N.W. 12th Avenue Deerfield Beach, FL 33442
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(Address of principal executive offices)
Registrant's telephone number, including area code (954)429-2200
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(Former name or former address, if changed since last year)
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Item 5: Other Events
See Attached Certificate
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WODFI LLC
(Registrant)
Date: May 19, 2000 BY: /s/Alan Browdy
-----------------------------
Alan Browdy
Vice President
World Omni Financial Corp.
(Duly Authorized Officer of
the Servicer on behalf of
the Trust)
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WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : May 15, 2000
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POOL BALANCE: For Month of: April, 2000
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Pool Balance, beginning of month $845,791,715.27
Pool Balance, end of month $841,639,405.74
Pool Balance, average $843,411,130.31
Required Pool Balance, end of month $816,642,635.77
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COLLECTIONS & SERIES ALLOCATIONS For Month of:
April , 2000
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Series Allocable Principal Collections
Series 1999-VFN $ 29,819,017.66
Series 2000-1 $419,735,085.60
$449,554,103.26
Series Allocable Non-Principal Collections
Series 1999-VFN $ 407,049.36
Series 2000-1 $ 5,729,662.22
$ 6,136,711.58
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 33,835.88
Series 2000-1 $ 15,203.27
$ 49,039.15
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CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD For Month of:
April , 2000
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1999-VFN $0.00
Series 2000-1 Class A $0.00
Series 2000-1 Class B $0.00
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ALLOCATION PERCENTAGES FOR COLLECTION PERIOD For Month of:
April , 2000
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Series Allocation Percentages
Series 1999-VFN 6.63%
Series 2000-1 93.37%
Floating Allocation Percentages
Series 1999-VFN 89.12%
Series 2000-1 88.64%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 0.00%
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ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES For Month of:
April , 2000
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Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 1,029,884.39
Floating Allocation Percentage: $ 26,575,934.43
Certificateholder Percentage minus Excess Cert. Percentage: $ 2,213,198.85
$ 29,819,017.66
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 14,058.60
Floating Allocation Percentage: $ 362,779.13
Certificateholder Percentage minus Excess Cert. Percentage: $ 30,211.63
$ 407,049.36
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 14,496,742.21
Floating Allocation Percentage: $372,063,081.96
Certificateholder Percentage minus Excess Cert. Percentage: $ 33,175,261.42
$419,735,085.60
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 197,890.14
Floating Allocation Percentage: $ 5,078,907.76
Certificateholder Percentage minus Excess Cert. Percentage: $ 452,864.31
$ 5,729,662.22
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MONTHLY DISTRIBUTIONS Paid on:
May 15, 2000
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Principal Distributions to Investors
Series 1999-VFN $ -
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Principal Distributions to Investors - $ per thousand
Series 1999-VFN $0.00000000
Series 2000-1 Class A $0.00000000
Series 2000-1 Class B $0.00000000
Monthly Interest to Investors
Series 1999-VFN $ 260,428.02
Series 2000-1 Class A $ 4,386,205.42
Series 2000-1 Class B $ 385,076.25
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 5.20856040
Series 2000-1 Class A $ 6.78979167
Series 2000-1 Class B $ 7.13104167
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 41,666.67
Series 2000-1 $ 542,070.56
Note: Servicer waived $41,262.44 of fee for collection period.
Reserve Fund Deposit Amount
Series 1999-VFN $0.00
Series 2000-1 $0.00
Investor Default Amount
Series 1999-VFN $0.00
Series 2000-1 $0.00
Monthly Dilution Amount
Series 1999-VFN $0.00
Series 2000-1 $0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $0.00
Series 2000-1 $0.00
Investor Default Amount and Monthly Dilution Amount Not Previoulsy Reinstated
Series 1999-VFN $0.00
Series 2000-1 $0.00
Carry-Over Amount
Series 2000-1 Class A $0.00
Series 2000-1 Class B $0.00
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MONTHLY DISTRIBUTIONS (Cont.) Paid on:
May 15, 2000
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Unrated Variable Funding Increased Cost Amounts
Series 1999-VFN $0.00
Previously waived servicing fee
Series 1999-VFN $0.00
Series 2000-1 $0.00
Collections Released to Certificateholder during Collection Period $450,124,407.08
Excess Distributed to Certificateholder on Payment Date $ 0.00
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FUNDED AND INVESTED AMOUNTS: As of last day of:
April , 2000
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SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $600,000,000.00
Incremental Funded Amounts (Cumulative) $ 0.00
Principal Distributed to Investors (Cumulative) $550,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount 50,000,000.00
Series Excess Funding Amount $ 0.00
Principal Funding Account Balance $ 0.00
Invested Amount $ 50,000,000.00
SERIES 2000-1 SUPPLEMENT CLASS A
Initial Invested Amount $646,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $646,000,000.00
SERIES 2000-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 54,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 54,000,000.00
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BALANCES AS OF PAYMENT DATE As of:
May 15, 2000
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Series 1999-VFN
Reserve Fund Balance $ 250,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 50,000,000.00
Series 2000-1
Reserve Fund Balance $ 3,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $646,000,000.00
Outstanding Principal Balance, Class B $ 54,000,000.00
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TRUST INCREMENTAL SUBORDINATED AMOUNT As of last day of:
To be used in the following month's computations. April , 2000
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Pool Total Components of Excess Receivables:
Used Vehicles $104,886,496.60
Finance Hold Receivables (for Credit Reasons Only) $ 1,298,129.89
Delayed Payment Program $ 350,227.00
Pool Limits on Components of Excess Receivables:
Used Vehicles $210,409,851.44
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 16,832,788.11
Total Excess Receivables $ 1,298,129.89
Overconcentration Amount $ 1,557,674.45
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 2,855,804.34
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POOL SERIES SUBORDINATED AMOUNTS As of:
April 30, 2000
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Series Incremental Subordinated Amount
Series 1999-VFN $ 109,861.34
Series 2000-1 $ 1,546,417.77
Required Subordinated Amount
Series 1999-VFN $ 4,163,915.39
Series 2000-1 $ 62,415,982.99
Available Subordinated Amount
Series 1999-VFN $ 4,163,915.39
Series 2000-1 $ 62,415,982.99
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CHARGE OFFS For Month of:
April , 2000
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Defaulted Receivables $ 0.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
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INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
May 15, 2000
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Interest Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Change in Interest Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Principal Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Change in Principal Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
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INTEREST RATE FOR NEXT PAYMENT DATE As of:
May 15, 2000
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1999-VFN Estimated 6.7725000%
Series 2000-1 Class A 6.6575000%
Series 2000-1 Class B 6.9725000%
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