Central Parc Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M (Operation & Maintenance) Assessments	639,204	
Developer Contribution - O&M	0	
Debt Assessments	727,500	
Interest Income	480	
		
TOTAL REVENUES	$	1,367,184	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	26,760	
Legal	38,000	
Assessment Roll	4,000	
Audit Fees	5,400	
Arbitrage Rebate Fee	650	
Insurance	6,580	
Legal Advertisements	3,000	
Miscellaneous	1,100	
Postage	300	
Office Supplies	1,100	
Dues & Subscriptions	175	
Website Management & ADA Compliance	1,000	
Trustee Fees	4,500	
Continuing Disclosure Fee	1,000	
Total Administrative Expenditures	$	93,565	
		
Maintenance Expenditures		
Engineering/Inspections	23,000	
Lake Maintenance	32,525	
Landscaping	225,000	
Irrigation	30,000	
Surface Water Management Maintenance	10,842	
Roadway Repairs/Reserve/Sidewalk Maintenance	16,096	
Soft Gate Maintenance	10,000	
Security	9,000	
Street Lighting	151,304	
Total Maintenance Expenditures	$	507,767	
		
Total O&M Expenditures	$	601,332	
		
REVENUES LESS EXPENDITURES	$	765,852	
		
Bond Payments	(683,850)	
		
BALANCE	$	82,002	
		
County Appraiser & Tax Collector Fee	(27,334)	
Discounts For Early Payments	(54,668)	
		
EXCESS/ (SHORTFALL)	$	-	
Note: Expenditures Are For Residential Only

DETAILED PROPOSED BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O&M (Operation & Maintenance) Assessments	0	0	639,204	Expenditures Less Interest/.94	
Developer Contribution - O&M	118,404	618,983	0		
Debt Assessments	0	727,500	727,500	Bond Payments/.94	
Interest Income	1,238	240	480	Interest Projected At $40 Per Month	
					
TOTAL REVENUES	$	119,642	$	1,346,723	$	1,367,184		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	25,260	26,016	26,760	CPI Adjustment	
Legal	50,697	38,000	38,000	FY 24/25 Expenditure Through Feb 25 Was $14,712	
Assessment Roll	0	4,000	4,000	As Per Contract	
Audit Fees	3,700	5,000	5,400	Amount Has Increased From 24/25 Due To Bond Issue	
Arbitrage Rebate Fee	0	650	650	Commences In Fiscal Year Following Issuing Of Bond	
Insurance	5,980	6,580	6,580	FY 24/25 Expenditure Was $6,220	
Legal Advertisements	1,987	8,000	3,000	Expenditure Should Decrease With Bond Being Issued	
Miscellaneous	159	1,200	1,100	$100 Decrease From 2024/2025 Budget	
Postage	224	300	300	No Change From 2024/2025 Budget	
Office Supplies	110	1,200	1,100	$100 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management & ADA Compliance	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Trustee Fees	0	4,500	4,500	Commences In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	1,000	1,000	Commences In Fiscal Year Following Issuing Of Bond	
Total Administrative Expenditures	$	89,292	$	97,621	$	93,565		
					
Maintenance Expenditures					
Engineering/Inspections	14,403	23,000	23,000	FY 24/25 Expenditure Through Feb 25 Was $7,948	
Lake Maintenance	2,656	32,525	32,525	Lake Maintenance	
Landscaping	0	225,000	225,000	Landscaping	
Irrigation	0	30,000	30,000	Irrigation	
Surface Water Management Maintenance	0	10,842	10,842	Surface Water Management Maintenance	
Roadway Repairs/Reserve/Sidewalk Maintenance	0	16,096	16,096	Roadway Repairs/Reserve/Sidewalk Maintenance	
Soft Gate Maintenance	0	10,000	10,000	Soft Gate Maintenance	
Security	0	9,000	9,000	Security	
Street Lighting	0	128,000	151,304	Street Lighting	
Total Maintenance Expenditures	$	17,059	$	484,463	$	507,767		
					
Total O&M Expenditures	$	106,351	$	582,084	$	601,332		
					
REVENUES LESS EXPENDITURES	$	13,291	$	764,639	$	765,852		
					
Bond Payments	0	(683,850)	(683,850)	2026 Principal & Interest Payments	
					
BALANCE	$	13,291	$	80,789	$	82,002		
					
County Appraiser & Tax Collector Fee	0	(26,930)	(27,334)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	(53,859)	(54,668)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	13,291	$	-	$	-		
Note: Expenditures Are For Residential Only

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
13,345	
100	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
0	
0	
683,850	
Maximum Debt Service Collection	

Bond Proceeds	
926,012	
0	
0		

Developer Contribution - Debt	
0	
683,850	
0		

Total Revenues	
$	939,357	
$	683,950	
$	684,850		

EXPENDITURES					

Principal Payments	
0	
130,000	
135,000	
Principal Payment Due In 2026	

Interest Payments	
0	
552,090	
545,598	
Interest Payment Due In 2026	

Bond Redemption	
-	
1,860	
4,252	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	683,950	
$	684,850		

Excess/ (Shortfall)	
$	939,357	
$	-	
$	-		

Note: Capital Interest Was Set-up Through November 2024

Series 2024 Bond Information

Original Par Amount =	$9,620,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.90% - 6.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	May 2024			
Maturity Date =	May 2054			

Par Amount As Of 4/1/25 =	$9,620,000

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	
2023/2024	2024/2025	2025/2026	
	Assessment*			Assessment*		Projected Assessment*	

O & M For 35' Villa Units	$	-	$	-	$	1,014.21	
Debt For 35' Villa Units	$	-		$	1,191.00	$	1,191.00	
Total For 35' Villa Units	$	-	$	1,191.00	$	2,205.21	

O & M For 52' Single Family Units	
$	-	$	-	
$	1,593.67	
Debt For 52' Single Family Units	$	-		$	1,770.00	$	1,770.00	
Total For 52' Single Family 66 Units	$	-	$	1,770.00	$	3,363.67	

* Assessments Include the Following: 4% Discount for Early Payments County Tax Collector Fee
County Property Appraiser Fee		
Community Information:	
	EAU Factor		
	Total EAUs		
35' Villa Units: 272	0.6364	173.09	
52' Single Family Units: 228	1.000		228.00		
Total:	500 Units		401.09	

IV