Central Parc Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O&M (Operation & Maintenance) Assessments

625,246

Developer Contribution - O&M

0

Debt Assessments

725,730

Other Revenue

0

Interest Income

720

TOTAL REVENUES

$	1,351,696

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

Management

27,480

Legal

10,000

Assessment Roll

4,000

Audit Fees

5,500

Arbitrage Rebate Fee

650

Insurance

14,400

Legal Advertisements

2,500

Miscellaneous

1,000

Postage

300

Office Supplies

900

Dues & Subscriptions

175

Website Management & ADA Compliance

1,000

Trustee Fees

4,400

Continuing Disclosure Fee

1,000

Total Administrative Expenditures

$	73,305

Maintenance Expenditures

Effluent Water

25,000

Engineering/Inspections

7,500

Lake Maintenance And Repair

5,000

Landscaping

225,000

Irrigation Maintenance

2,000

Irrigation Utilities

10,000

Pump Station Irrigation Utilities

60,000

Surface Water Management Agreement

10,842

Roadway Repairs/Reserve/Sidewalk Maintenance

2,000

Soft Gate Maintenance

1,500

Gate Utility

5,000

Security

0

Street Lighting

151,304

Miscellaneous Maintenance

10,000

Fountain And Aeration Project

0

Total Maintenance Expenditures

$	515,146

Total O&M Expenditures

$	588,451

REVENUES LESS EXPENDITURES

$	763,245

Bond Payments

(682,186)

BALANCE

$	81,059

County Appraiser & Tax Collector Fee

(27,020)

Discounts For Early Payments

(54,039)

EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 ACTUAL
AS OF 3/31/2026

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

O&M (Operation & Maintenance) Assessments

115,000

514,780

550,246

625,246

Expenditures Less Interest/.94

Developer Contribution - O&M

317,577

139,115

0

0

Debt Assessments

683,861

683,030

727,500

725,730

Bond Payments/.94

Other Revenue

0

51

0

0

Interest Income

2,845

357

480

720

Interest Projected At $60 Per Month

TOTAL REVENUES

$	1,119,283

$	1,337,333

$	1,278,226

$	1,351,696

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

0

Management

26,016

13,380

26,760

27,480

CPI Adjustment

Legal

27,137

3,417

10,000

10,000

No Change From 2025/2026 Budget

Assessment Roll

4,000

0

4,000

4,000

As Per Contract

Audit Fees

5,300

0

5,400

5,500

Amount Has Increased Due To Bond Issue

Arbitrage Rebate Fee

650

0

650

650

No Change From 2025/2026 Budget

Insurance

6,220

14,084

6,580

14,400

FY 25/26 Expenditure Was $14,084

Legal Advertisements

2,689

212

3,000

2,500

$500 Decrease From 2025/2026 Budget

Miscellaneous

361

98

1,100

1,000

$100 Decrease From 2025/2026 Budget

Postage

238

73

300

300

No Change From 2025/2026 Budget

Office Supplies

372

142

1,100

900

$200 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

175

Annual Fee Due Department Of Economic Opportunity

Website Management & ADA Compliance

1,000

500

1,000

1,000

No Change From 2025/2026 Budget

Trustee Fees

4,246

0

4,500

4,400

$100 Decrease From 2025/2026 Budget

Continuing Disclosure Fee

1,000

0

1,000

1,000

No Change From 2025/2026 Budget

Total Administrative Expenditures

$	79,404

$	32,081

$	65,565

$	73,305

Maintenance Expenditures

Effluent Water

0

13,963

25,000

25,000

Re-Allocated from Irrigation Per Board Direction

Engineering/Inspections

8,318

0

7,500

7,500

No Change From 2025/2026 Budget

Lake Maintenance And Repair

7,967

0

10,000

5,000

$5,000 Decrease From 2025/2026 Budget

Landscaping

101,370

109,212

225,000

225,000

Landscaping

Irrigation Maintenance

78,661

0

2,000

2,000

Irrigation Maintenance

Irrigation Utilities

0

2,615

3,000

10,000

$7,000 Increase From 2025/2026 Budget

Pump Station Irrigation Utilities

0

0

0

60,000

Pump Station Irrigation Utilities

Surface Water Management Agreement

0

0

10,842

10,842

Surface Water Management Agreement - Mettauer Environmental

Roadway Repairs/Reserve/Sidewalk Maintenance

0

2,000

7,500

2,000

Roadway Repairs/Reserve/Sidewalk Maintenance

Soft Gate Maintenance

0

0

5,000

1,500

$3,500 Decrease From 2025/2026 Budget

Gate Utility

0

531

5,000

5,000

Gate Utility

Security

0

0

0

0

Security

Street Lighting

0

55,400

151,304

151,304

No Change From 2025/2026 Budget

Miscellaneous Maintenance

1,425

1,400

0

10,000

Includes Tree Removal & Maks Tractor Expenditures

Fountain And Aeration Project

118,020

138,984

0

0

Total Maintenance Expenditures

$	315,761

$	324,105

$	452,146

$	515,146

Total O&M Expenditures

$	395,165

$	356,186

$	517,711

$	588,451

REVENUES LESS EXPENDITURES

$	724,118

$	981,147

$	760,515

$	763,245

Bond Payments

(683,861)

(675,699)

(683,850)

(682,186)

2027 Principal & Interest Payments

BALANCE

$	40,257

$	305,448

$	76,665

$	81,059

County Appraiser & Tax Collector Fee

0

(3,392)

(25,555)

(27,020)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

0

(9,380)

(51,110)

(54,039)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	40,257

$	292,676

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$9,490,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

35,451

1,000

2,500

Projected Interest For 2026/2027

NAV Tax Collection

0

683,850

682,186

Maximum Debt Service Collection

Bond Proceeds

0

0

0

Developer Contribution - Debt

683,861

0

0

Total Revenues

$	719,312

$	684,850

$	684,686

EXPENDITURES

Principal Payments

130,000

135,000

145,000

Principal Payment Due In 2027

Interest Payments

519,799

545,598

538,738

Interest Payment Due In 2027

Bond Redemption

-

4,252

948

Estimated Excess Debt Collections

Transfer To Construction Fund

17,229

-

-

Total Expenditures

$	667,028

$	684,850

$	684,686

Excess/ (Shortfall)

$	52,284

$	-

$	-

CENTRAL PARC COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2024/2025
Assessment*

Fiscal Year 2025/2026
Assessment*

Fiscal Year 2026/2027
Projected Assessment*

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

$

-

$

862.23

$

979.76

 $	1,191.00

 $	1,191.00

$	1,191.00

$

1,191.00

$

2,053.23

$

2,170.76

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

$

-

$

1,354.86

$

1,539.53

 $	1,770.00

 $	1,770.00

$	1,770.00

$

1,770.00

$

3,124.86

$

3,309.53

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

$
$

-
-

$
$

215.56
0.63

$
$

244.94
0.63

Note

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

Total For Amenity Center:
$2,266.41

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

Total EAUs

52' Single Family Units Debt Total Units: 228
Less Bond Prepayers: 1
Billed For Debt: 227

0.6364
1.000
0.159
0.0004

173.09
228.00
3.59
1.44

406.13

IV