Central Parc Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

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

I

REVENUES

FISCAL YEAR 2025/2026
BUDGET

O&M (Operation & Maintenance) Assessments

550,246

Developer Contribution - O&M

0

Debt Assessments

727,500

Interest Income

480

TOTAL REVENUES

$	1,278,226

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

Management

26,760

Legal

10,000

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

$	65,565

Maintenance Expenditures

Effluent Water

25,000

Engineering/Inspections

7,500

Lake Maintenance

10,000

Landscaping

225,000

Irrigation Maintenance

2,000

Irrigation Utilities

3,000

Surface Water Management Maintenance

10,842

Roadway Repairs/Reserve/Sidewalk Maintenance

7,500

Soft Gate Maintenance

5,000

Gate Utility

5,000

Security

0

Street Lighting

151,304

Total Maintenance Expenditures

$	452,146

Total O&M Expenditures

$	517,711

REVENUES LESS EXPENDITURES

$	760,515

Bond Payments

(683,850)

BALANCE

$	76,665

County Appraiser & Tax Collector Fee

(25,555)

Discounts For Early Payments

(51,110)

EXCESS/ (SHORTFALL)

$	-

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

II

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

O&M (Operation & Maintenance) Assessments

0

0

550,246

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

$	1,278,226

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

Management

25,260

26,016

26,760

CPI Adjustment

Legal

50,697

38,000

10,000

$28,000 Decrease From 2024/2025 Budget

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

$	65,565

Maintenance Expenditures

Effluent Water

0

0

25,000

Re-Allocated from Irrigation Per Board Direction

Engineering/Inspections

14,403

23,000

7,500

$15,500 Decrease From 2024/2025 Budget

Lake Maintenance

2,656

32,525

10,000

Lake Maintenance

Landscaping

0

225,000

225,000

Landscaping

Irrigation Maintenance

0

30,000

2,000

Irrigation Maintenance

Irrigation Utilities

0

0

3,000

Irrigation Utilities

Surface Water Management Maintenance

0

10,842

10,842

Surface Water Management Maintenance

Roadway Repairs/Reserve/Sidewalk Maintenance

0

16,096

7,500

Roadway Repairs/Reserve/Sidewalk Maintenance

Soft Gate Maintenance

0

10,000

5,000

Soft Gate Maintenance

Gate Utility

0

0

5,000

Gate Utility

Security

0

9,000

0

Security

Street Lighting

0

128,000

151,304

Street Lighting

Total Maintenance Expenditures

$	17,059

$	484,463

$	452,146

Total O&M Expenditures

$	106,351

$	582,084

$	517,711

REVENUES LESS EXPENDITURES

$	13,291

$	764,639

$	760,515

Bond Payments

0

(683,850)

(683,850)

2026 Principal & Interest Payments

BALANCE

$	13,291

$	80,789

$	76,665

County Appraiser & Tax Collector Fee

0

(26,930)

(25,555)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

0

(53,859)

(51,110)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	13,291

$	-

$	-

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

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

III

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

$	-

$	-

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
Projected Assessment*

O & M For 35' Villa Units Debt For 35' Villa Units
Total For 35' Villa Units

$

-

$

-

$

862.23

 $	-	

$	1,191.00

$	1,191.00

$

-

$

1,191.00

$

2,053.23

O & M For 52' Single Family Units Debt For 52' Single Family Units
Total For 52' Single Family Units

$

-

$

-

$

1,354.86

 $	-	

$	1,770.00

$	1,770.00

$

-

$

1,770.00

$

3,124.86

O & M For Undeveloped Acreage (Per Acre)
O & M For Recreation/Amenity Center (Per Sq. Ft)

$
$

-
-

$
$

-
-

$
$

215.56
0.63

* Assessments Include the Following: 4% Discount for Early Payments County Tax Collector Fee
County Property Appraiser Fee

Community Information: 35' Villa Units: 272
52' Single Family Units: 228 Undeveloped Mixed Use Acreage: 22.59 Recreation/ Amenity Center: 3,600 Sq Ft.
Total:

	EAU Factor	 0.6364
1.000
0.159
0.0004

	Total EAUs	 173.09
228.00
3.59
	1.44	 406.13

IV