Century Gardens Village Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover From Prior Year Of $2,625 used to reduce Fiscal Year 2024/2025 Assessments. Carryover From Prior Year Of $43,800 used to reduce Fiscal Year 2025/2026 Assessments.

I

9/22/2025 7:25 AM

$236,754

($12,423)

$224,331

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Administrative Assessments

77,386

78,384

78,384

Maintenance Assessments

63,925

63,928

63,928

Debt Assessments

212,048

212,048

212,048

Other Revenue

0

0

0

Interest Income

540

8,100

7,974

TOTAL REVENUES

$	353,899

$	362,460

$	362,334

EXPENDITURES

Administrative Expenditures

Supervisor Fees

3,000

3,800

3,800

Payroll Taxes - Employer

230

291

291

Management

35,928

35,298

32,934

Legal

8,500

9,500

8,020

Assessment Roll

7,500

7,500

0

Audit Fees

3,200

3,200

3,200

Insurance

7,200

6,858

6,858

Legal Advertisements

2,000

2,700

1,626

Miscellaneous

1,400

1,400

1,045

Postage

300

110

96

Office Supplies

375

350

275

Dues & Subscriptions

175

175

175

Trustee Fee

3,500

3,500

3,500

Continuing Disclosure Fee

600

600

0

Website Management

2,000

2,000

1,832

TOTAL ADMINISTRATIVE EXPENDITURES

$	75,908

$	77,282

$	63,652

Maintenance Expenditures

Engineering/Inspections

1,500

2,800

2,511

Street/Road Maintenance

17,200

30,000

24,895

Field Operations Management

1,800

1,800

1,650

Miscellaneous Community Projects

32,765

32,000

30,226

Capital Improvements

3,625

500

0

Maintenance Contingency (Pressure Cleaning, Etc.)

3,200

12,000

11,059

TOTAL MAINTENANCE EXPENDITURES

$	60,090

$	79,100

$	70,341

TOTAL EXPENDITURES

$	135,998

$	156,382

$	133,993

REVENUES LESS EXPENDITURES

$	217,901

$	206,078

$	228,341

Bond Payments

(199,325)

(202,370)

(202,370)

BALANCE

$	18,576

$	3,708

$	25,971

County Appraiser & Tax Collector Fee

(7,067)

(3,411)

(3,411)

Discounts For Early Payments

(14,134)

(12,720)

(12,720)

EXCESS/ (SHORTFALL)

$	(2,625)

$	(12,423)

$	9,840

Carryover From Prior Year

2,625

2,625

0

NET EXCESS/ (SHORTFALL)

$	(0)

$	(15,048)

$	9,840

AMENDED FINAL BUDGET
CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $5,071*. Revenue Fund Balance = $106,374*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $35,473.
* Approximate Amounts

Series 2020 Bond Refunding Information
Original Par Amount =

$2,569,000 3.00% - 4.00%
December 2020
May 2037

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Interest Rate = Issue Date = Maturity Date =

Par Amount As Of 8/31/25 =

$1,879,000

II

9/22/2025 7:25 AM

$104,070

$7,375

$111,445

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

500

4,700

4,479

NAV Tax Collection

199,325

202,370

202,370

Total Revenues

$	199,825

$	207,070

$	206,849

EXPENDITURES

Principal Payments

125,000

125,000

125,000

Interest Payments

72,820

74,695

74,695

Bond Redemption

2,005

0

0

Total Expenditures

$	199,825

$	199,695

$	199,695

Excess/ (Shortfall)

$	-

$	7,375

$	7,154