Century Gardens Village 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
CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	77,330	
Maintenance Assessments	63,925	
Debt Assessments	212,048	
Other Revenues	0	
Interest Income	1,200	
TOTAL REVENUES	$	354,503	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Engineering/Inspections	1,500	
Street/Roadway Maintenance	22,000	
Field Operations Management	1,800	
Pressure Cleaning	10,000	
Stormwater Management System Maintenance	7,500	
Miscellaneous Community Projects	14,090	
Capital Improvements	40,000	
Maintenance Contingency	3,200	
TOTAL MAINTENANCE EXPENDITURES	$	100,090	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	3,000	
Payroll Taxes	230	
Management	36,960	
Legal	8,500	
Assessment Roll	7,500	
Audit Fees	3,300	
Insurance	7,400	
Legal Advertisements	2,600	
Miscellaneous	1,300	
Postage	275	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	600	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	77,690	
		
TOTAL EXPENDITURES	$	177,780	
		
REVENUES LESS EXPENDITURES	$	176,723	
		
Bond Payments	(199,325)	
		
BALANCE	$	(22,602)	
		
County Appraiser & Tax Collector Fee	(7,066)	
Discounts For Early Payments	(14,132)	
		
EXCESS/ (SHORTFALL)	$	(43,800)	
		
Carryover From Prior Year	43,800	
		
NET EXCESS/ (SHORTFALL)	$	(0)	

Note: Fiscal Year 2023/2024 Miscellaneous Community Projects Expenditures Included Tree Maintenance & Signs.

I

DETAILED PROPOSED BUDGET
CENTURY GARDENS VILLAGE 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	
Administrative Assessments	78,211	77,386	77,330	Expenditures Less Interest & Carryover (9%)/.94	
Maintenance Assessments	63,925	63,925	63,925	Expenditures Less Carryover (91%)/.94	
Debt Assessments	212,048	212,048	212,048	Bond Payments/.94	
Other Revenues	7,345	0	0		
Interest Income	11,974	540	1,200	Interest Estimated At $100 Per Month	
TOTAL REVENUES	$	373,503	$	353,899	$	354,503		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Engineering/Inspections	1,100	1,500	1,500	No Change From 2024/2025 Budget	
Street/Roadway Maintenance	14,140	17,200	22,000	$4,800 Increase From 2024/2025 Budget	
Field Operations Management	1,800	1,800	1,800	No Change From 2024/2025 Budget	
Pressure Cleaning	0	0	10,000	Pressure Cleaning	
Stormwater Management System Maintenance	0	0	7,500	Stormwater Management System Maintenance	
Miscellaneous Community Projects	30,154	32,765	14,090	$18,675 Decrease From 2024/2025 Budget	
Capital Improvements	0	3,625	40,000	Capital Improvements	
Maintenance Contingency	980	3,200	3,200	No Change From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	48,174	$	60,090	$	100,090		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,200	3,000	3,000	No Change From 2024/2025 Budget	
Payroll Taxes	168	230	230	Supervisor Fees * 7.65%	
Management	34,884	35,928	36,960	CPI Adjustment	
Legal	8,493	8,500	8,500	No Change From 2024/2025 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,200	3,200	3,300	$100 Increase From 2024/2025 Budget	
Insurance	6,594	7,200	7,400	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	2,599	2,000	2,600	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	540	1,400	1,300	$100 Decrease From 2024/2025 Budget	
Postage	158	300	275	$25 Decrease From 2024/2025 Budget	
Office Supplies	261	375	350	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	600	600	600	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	72,872	$	75,908	$	77,690		
					
TOTAL EXPENDITURES	$	121,046	$	135,998	$	177,780		
					
REVENUES LESS EXPENDITURES	$	252,457	$	217,901	$	176,723		
					
Bond Payments	(202,314)	(199,325)	(199,325)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	50,143	$	18,576	$	(22,602)		
					
County Appraiser & Tax Collector Fee	(3,409)	(7,067)	(7,066)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(12,816)	(14,134)	(14,132)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	33,918	$	(2,625)	$	(43,800)		
					
Carryover From Prior Year	0	2,625	43,800	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	33,918	$	(0)	$	(0)		

Note: Fiscal Year 2023/2024 Miscellaneous Community Projects Expenditures Included Tree Maintenance & Signs.

II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CENTURY GARDENS VILLAGE 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	
5,986	
500	
1,000	
Projected Interest For FY 2025/2026	

NAV Tax Collection	
202,314	
199,325	
199,325	
Maximum Debt Service Collection	

Total Revenues	
$	208,300	
$	199,825	
$	200,325		

EXPENDITURES					

Principal Payments	
120,000	
125,000	
129,000	
Principal Payment Due In 2026	

Interest Payments	
78,295	
72,820	
68,688	
Interest Payments Due In 2026	

Bond Redemption	
0	
2,005	
2,637	
Estimated Excess Debt Collections	

Total Expenditures	
$	198,295	
$	199,825	
$	200,325		

Excess/ (Shortfall)	
$	10,005	
$	-	
$	-		

Series 2020 Bond Refunding Information

Original Par Amount =	$2,469,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.00% - 4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	December 2020			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2037

$2,004,000			

III

Century Gardens Village Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2022/2023	2023/2024	2024/2025	2025/2026
 Assessment*    Assessment*    Assessment*	  Projected Assessment* 

Administrative Assessment For Townhomes	$	279.38	$	284.60	$	284.51	$	284.31	
Maintenance Assessment For Townhomes	$	240.31	$	235.03	$	235.03	$	235.03	
Debt Assessment For Townhomes	$	589.54	$	589.54	$	589.54	$	589.54	

Total	
$	
1,109.23	
$	
1,109.17	
$	
1,109.08	
$	
1,108.88	

Administrative Assessment For Single Family Homes	$	279.38	$	284.60	$	284.51	$	284.31	
Maintenance Assessments For Single Family Homes	$	240.31	$	235.03	$	235.03	$	235.03	
Debt Assessment For Single Family Homes	$	1,139.47	$	1,139.47	$	1,139.47	$	1,139.47	

Total

$	1,659.16	$

1,659.10	$

1,659.01	$

1,658.81

* Assessments Include the Following :		
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information:		
Townhomes	178	
Single Family Units	94	
Total Units	272	

IV