CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING APRIL 1, 2026
6:45 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.centurygardensvillagecdd.org 786.303.3661 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT
Kendall Executive Center 8785 SW 165th Avenue, Suite 200
Miami, Florida 33193
REGULAR BOARD MEETING
April 1, 2026
6:45 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 4, 2026 Regular Board Meeting…	Page 2
Old Business
Update Regarding Irrigation System Maintenance
Update Regarding Tree Removal Project (Permitting - Plans)
Update Regarding Easement for Tract B
New Business
Consider Resolution No. 2026-01 – Adopting a Fiscal Year 2024/2025 Revised Budget…	Page 5
Consider Resolution No. 2026-02 – Adopting a Fiscal Year 2026/2027 Proposed Budget…	Page 10
Administrative & Operational Matters
Statement of Financial Interests – Form 1
Announcing the Qualifying Period - Noon, Monday, June 8, 2026 – Noon, Friday, June 12, 2026
Board Member & Staff Closing Comments
Adjourn

McClatchy

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AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Cols	Depth	
57835	IPL0269889	Legal Ad - IPL0269889		1.0	85.0L	

ATTENTION: Century Gardens Village Community Development Dist IP 2501A Burns Road
Palm Beach Gardens, FL 33410 larcher@sdsinc.org

CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN that
the Board of Supervisors (the “Board”) of the Century Gardens Village Community Development Dis-trict (the “District”) will hold Regular Meetings in the Kendall Executive Center located at 8785 SW 165th Av-enue, Suite 200, Miami, Florida 33193. at 6:45 p.m. on the following dates:
October 1, 2025
November 5, 2025
December 3, 2025
March 4, 2026
April 1, 2026
May 6, 2026
June 3, 2026
July 1, 2026
August 5, 2026
September 2, 2026
The purpose of the meetings is for the Board to consider any District busi-ness which may lawfully and properly come before the Board. Meetings are open to the public and will be con-ducted in accordance with the pro-visions of Florida law for community development districts. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at (786)313-3661 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.
From time to time one or two Board members may participate by tele-phone; therefore, a speaker telephone will be present at the meeting loca-tion so that Supervisors may be fully informed of the discussions taking place. Said meeting(s) may be contin-ued as found necessary to a time and place specified on the record.
If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

PUBLISHED DAILY MIAMI-DADE-FLORIDA

STATE OF FLORIDA COUNTY OF MIAMI-DADE

Before the undersigned authority personally appeared, the under-signed, who on oath says that he/she is Custodian of Records of The The Miami Herald, a newspaper published in MIami Dade County, Flor-ida, that the attached was published on the publicly accessible website of The Miami Herald or by print In the issues and dates listed below.

Affiant further Says that the said Miami Herald website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.

1.0 insertion(s) published on: 09/10/25 Print

Print Tearsheet Link Marketplace Link

Mary Castro

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special ac-commodations or an interpreter to participate at any of these meetings should contact the District Manager at (786)313-3661 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.

Sworn to and subscribed before me on

Sep 10, 2025, 10:26 AM ED

CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT
www.centurygardensvillagecdd.org PUBLISH:	MIAMI	HERALD 09/10/25
IPL0269889 Sep 10 2025

Page 1

Online Notary Public. This notarial act involved the use of online audio/video communication technology. Notarization facilitated by SIGNiX®

CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
March 4, 2026

CALL TO ORDER

District Manager Armando Silva called the March 4, 2026, Regular Board Meeting of the Century Gardens Village Community Development District (the “District”) to order at 6:56 p.m. in the Kendall Executive Center Meeting Room located at 8785 SW 165th Street, Miami, Florida 33193.

PROOF OF PUBLICATION

Mr. Silva presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Herald on September 10, 2025, as legally required.

ESTABLISH A QUORUM

Mr. Silva determined that the attendance of Chairperson Paola Mastrodomenico, Vice Chairperson Licette Conde-Matos and Supervisors Johanna Diaz, Gladelmis Rodriguez, and Yenfa Arias constituted a quorum, and it was in order to proceed with the meeting.

Staff in attendance were: District Manager Armando Silva and Associate District Manager Pablo Jerez of Special District Services, Inc.; and General Counsel Liza Smoker of Billing, Cochran, P.A.
ADDITIONS OR DELETIONS TO AGENDA

There we no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
November 5, 2025, Regular Board Meeting
Mr. Silva presented the minutes of the November 5, 2025, Regular Board Meeting and asked if there were any changes. Ms. Smoker informed the Board that there revisions needed to agenda item G.5 to better memorialize what took place during the discussions.

A motion was made by Ms. Mastrodomenico, seconded by Mr. Rodriguez and unanimously passed approving the minutes of the November 5, 2025, Regular Board Meeting, as amended.

OLD BUSINESS
Update Regarding Electrical Improvements Project

Mr. Silva informed the Board that the Electrical Improvements Project had been completed. A discussion then ensued in which the Board requested District staff seek proposals for the installation of permanent

color changing lighting as well as temporary lighting for holidays, Mr. Silva acknowledged the request to seek the proposals to be presented at the next meeting.

Update Regarding Irrigation System Maintenance

Mr. Silva informed the Board that SoFlo Sprinklers had begun the irrigation maintenance and repair of the irrigation system within the District and had created a map of the current zones. Mr. Silva then presented the map of the zones and a proposal for the repairs of various zones totaling $3,627.50. A discussion ensued after which;

A motion was made by Ms. Mastrodomenico, seconded by Ms. Matos and passed unanimously to approve the proposal from SoFlo Sprinklers in the amount of $3,627.50 for the irrigation system repairs indicated in the proposal.

Update Regarding Tree Removal Project (Permitting)

Mr. Silva informed the Board that District Staff had identified approximately 30 trees that need to be removed due to root intrusion. District Staff will be obtaining a proposal from a company who will handling permitting, removal, and an arborist report to Miami-Dade County for the proper removal of the identified trees.

Update Regarding Proposals for Re-Painting of Traffic Marking
Mr. Silva informed the Board the re-painting of the traffic markings throughout the District has been completed.
Update Regarding Ownership of Tract B

Mr. Silva informed the Board that prior to signing the maintenance easement for Tract B with the Century Gardens Village Homeowner’s Association, an error was found on the Quitclaim deed. Mr. Silva has contacted the attorneys who filed the deed for their assistance in correcting it. Ms. Smoker said the District cannot proceed until the correction is made and the attorney for the homeowner’s association has been made aware.

NEW BUSINESS
Consider Resolution No. 2026-01 – Adopting a Fiscal Year 2026/2027 Proposed Budget
Mr. Silva presented Resolution No. 2026-01, entitled:
RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR THE FISCAL YEAR 2026/2027; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva presented the resolution and provided a brief explanation for the resolution. Mr. Silva advised that since the overall proposed assessments were going to be increasing approximately $620 in the fiscal year 2026/2027, due to the presumed Tract B maintenance easement being granted and that letters to the

property owners would be required. A discussion ensued where the Board requested Mr. Silva review the proposed budget to lower the proposed assessment. The approval of the budget was tabled to the next meeting.

Consider Approval of Attorneys Fee Adjustment – Billing Cochran

Ms. Smoker presented a proposed adjustment to its hourly fee structure, noting that its current rates have remained in place since 2023 and that the increase is necessary to account for rising operational costs and inflation. Effective October 1, 2026, the hourly rates will be adjusted to $300 per hour for Partners and $250 per hour for Associates. Counsel further advised that future adjustments may be considered no more than every third fiscal year in connection with the District’s budget process and tied to changes in the Consumer Price Index. A discussion ensued after which;

A motion was made by Ms. Mastrodomenico, seconded by Ms. Matos and unanimously passed approving the proposed rate increase, as presented.

Discussion Regarding Installation of Basketball Court on Tract E

Mr. Silva presented the findings from the District Engineers, the District Engineers said it would not be possible to install a basketball court due to Miami-Dade County zoning regulations and requirements. There is not enough space on the tract to install the basketball court and the fence as required.

ADMINISTRATIVE & OPERATIONAL MATTERS
Ms. Smoker informed the Board that their Form 1 were due on June 1, 2026.

Mr. Silva informed the Board at the next meeting he would be announcing the qualifying period.

BOARD MEMBER & STAFF CLOSING COMMENTS

There were no closing comments at this time.
ADJOURNMENT
There being no further business to come before the Board, a motion was made by Ms. Mastrodomenico, seconded by Ms. Diaz and unanimously passed adjourning the Regular Board Meeting at 8:00 p.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Century Gardens Village Community Development District (the “District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Amended Budget for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is hereby approved and adopted by the Board.
Section 2.  The Secretary/Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 1st day of April, 2026.

ATTEST:	CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Century Gardens Village Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

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

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 - 9/29/25	
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	9,987	9,987	
TOTAL REVENUES	$	353,899	$	364,347	$	364,347	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	3,000	3,800	3,800	
Payroll Taxes - Employer	230	291	291	
Management	35,928	35,298	35,928	
Legal	8,500	10,870	10,870	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,200	3,200	3,200	
Insurance	7,200	6,858	6,858	
Legal Advertisements	2,000	2,700	2,225	
Miscellaneous	1,400	1,400	1,141	
Postage	300	110	96	
Office Supplies	375	350	295	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,500	3,500	3,500	
Continuing Disclosure Fee	600	600	600	
Website Management	2,000	2,000	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	75,908	$	78,652	$	78,479	
				
Maintenance Expenditures				
Engineering/Inspections	1,500	3,100	3,053	
Street/Road Maintenance	17,200	42,000	40,855	
Field Operations Management	1,800	1,800	1,800	
Miscellaneous Community Projects	32,765	39,000	37,830	
Capital Improvements	3,625	500	0	
Maintenance Contingency (Pressure Cleaning, Etc.)	3,200	17,000	16,434	
TOTAL MAINTENANCE EXPENDITURES	$	60,090	$	103,400	$	99,972	
				
TOTAL EXPENDITURES	$	135,998	$	182,052	$	178,451	
				
REVENUES LESS EXPENDITURES	$	217,901	$	182,295	$	185,896	
				
Bond Payments	(199,325)	(202,370)	(202,370)	
				
BALANCE	$	18,576	$	(20,075)	$	(16,474)	
				
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)	$	(36,206)	$	(32,605)	
				
Carryover From Prior Year	2,625	2,625	0	
				
NET EXCESS/ (SHORTFALL)	$	(0)	$	(38,831)	$	(32,605)	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$236,754	
($36,206)	
$200,548	

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.

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

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 - 9/29/25	
Interest Income	500	5,247	5,247	
NAV Tax Collection	199,325	202,370	202,370	
				
Total Revenues	$	199,825	$	207,617	$	207,617	
				
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)	$	-	$	7,922	$	7,922	

FUND BALANCE AS OF 9/30/24	
FY 2024/2025 ACTIVITY	
FUND BALANCE AS OF 9/30/25	

$104,070	
$7,922	
$111,992	

Notes
Reserve Fund Balance = $5,071*. Revenue Fund Balance = $106,921*.
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	Annual Principal Payments Due:	
Interest Rate =	3.00% - 4.00%	May 1st	
Issue Date =	December 2020	Annual Interest Payments Due:	
Maturity Date =	May 2037	May 1st & November 1st	
Par Amount As Of 8/31/25 =	$1,879,000		

RESOLUTION NO. 2026-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS FOR THE FISCAL YEAR 2026/2027; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Century Gardens Village Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2026/2027 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2026/2027 attached hereto as Exhibit “A” is approved and adopted.
Section 2.  A Public Hearing is hereby scheduled for 	, 2026 at 6:45 p.m. in the Kendall Executive Center located at 8785 SW 165th Avenue, Suite 200, Miami, Florida 33193, for the purpose of receiving public comments on the Proposed Fiscal Year 2026/2027 Budget.
PASSED, ADOPTED and BECOMES EFFECTIVE this 1st day of April, 2026.

ATTEST:	CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice-Chairperson

Century Gardens Village Community Development District
Scenario #1
Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2026/2027 BUDGET	
Administrative Assessments	84,326	
Maintenance Assessments	109,043	
Debt Assessments	212,048	
Other Revenues	0	
Interest Income	1,320	
TOTAL REVENUES	$	406,737	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Engineering/Inspections	1,500	
Street/Roadway Maintenance	20,000	
Field Operations Management	2,500	
Lawn And Landscape Maintenance	0	
Pressure Cleaning	10,000	
Stormwater Management System Maintenance	7,500	
Irrigation System Maintenance	12,000	
Miscellaneous Community Projects	14,000	
Capital Improvements	25,000	
Maintenance Contingency	10,000	
TOTAL MAINTENANCE EXPENDITURES	$	102,500	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes	306	
Management	37,956	
Legal	9,000	
Assessment Roll	7,500	
Audit Fees	3,200	
Insurance	7,900	
Legal Advertisements	2,600	
Miscellaneous	1,250	
Postage	275	
Office Supplies	325	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	600	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	80,587	
		
TOTAL EXPENDITURES	$	183,087	
		
REVENUES LESS EXPENDITURES	$	223,650	
		
Bond Payments	(199,325)	
		
BALANCE	$	24,325	
		
County Appraiser & Tax Collector Fee	(8,108)	
Discounts For Early Payments	(16,217)	
		
EXCESS/ (SHORTFALL)	$	(0)	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	(0)	

DETAILED PROPOSED BUDGET
CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2024/2025 ACTUAL	
FISCAL YEAR 2025/2026 BUDGET	
FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	
Administrative Assessments	78,384	77,330	84,326	Expenditures Less Interest & Carryover (9%)/.94	
Maintenance Assessments	63,928	63,925	109,043	Expenditures Less Carryover (91%)/.94	
Debt Assessments	212,048	212,048	212,048	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	9,987	1,200	1,320	Interest Estimated At $110 Per Month	
TOTAL REVENUES	$	364,347	$	354,503	$	406,737		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Engineering/Inspections	3,053	1,500	1,500	No Change From 2025/2026 Budget	
Street/Roadway Maintenance	40,855	22,000	20,000	$2,000 Decrease From 2025/2026 Budget	
Field Operations Management	1,800	1,800	2,500	$700 Increase From 2025/2026 Budget	
Lawn And Landscape Maintenance	0	0	0	HOA Responsibility	
Pressure Cleaning	12,700	10,000	10,000	No Change From 2025/2026 Budget	
Stormwater Management System Maintenance	0	7,500	7,500	No Change From 2025/2026 Budget	
Irrigation System Maintenance	2,675	0	12,000	New Line Item	
Miscellaneous Community Projects	37,830	14,090	14,000	No Change From 2025/2026 Budget	
Capital Improvements	0	40,000	25,000	$15,000 Decrease From 2025/2026 Budget	
Maintenance Contingency	1,060	3,200	10,000	$6,800 Increase From 2025/2026 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	99,973	$	100,090	$	102,500		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	3,800	3,000	4,000	Supervisor Fees	
Payroll Taxes	291	230	306	Supervisor Fees * 7.65%	
Management	35,928	36,960	37,956	CPI Adjustment	
Legal	10,870	8,500	9,000	$500 Increase From 2025/2026 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,200	3,300	3,200	Accepted Amount For 2025/2026	
Insurance	6,858	7,400	7,900	Fiscal Year 2025/2026 Expenditure Was $7,269	
Legal Advertisements	2,225	2,600	2,600	No Change From 2025/2026 Budget	
Miscellaneous	1,140	1,300	1,250	$50 Decrease From 2025/2026 Budget	
Postage	96	275	275	No Change From 2025/2026 Budget	
Office Supplies	295	350	325	$25 Decrease From 2025/2026 Budget	
Dues & Subscriptions	175	175	175	No Change From 2025/2026 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2025/2026 Budget	
Continuing Disclosure Fee	600	600	600	No Change From 2025/2026 Budget	
Website Management	2,000	2,000	2,000	No Change From 2025/2026 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	78,478	$	77,690	$	80,587		
					
TOTAL EXPENDITURES	$	178,451	$	177,780	$	183,087		
					
REVENUES LESS EXPENDITURES	$	185,896	$	176,723	$	223,650		
					
Bond Payments	(202,370)	(199,325)	(199,325)	2027 P & I Payments Less Earned Interest	
					
BALANCE	$	(16,474)	$	(22,602)	$	24,325		
					
County Appraiser & Tax Collector Fee	(3,411)	(7,066)	(8,108)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(12,720)	(14,132)	(16,217)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(32,605)	$	(43,800)	$	(0)		
					
Carryover From Prior Year	0	43,800	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(32,605)	$	(0)	$	(0)		

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

REVENUES	FISCAL YEAR 2024/2025 ACTUAL	FISCAL YEAR 2025/2026 BUDGET	FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	

Interest Income	
5,247	
1,000	
1,200	
Projected Interest For FY 2026/2027	

NAV Tax Collection	
202,370	
199,325	
199,325	
Maximum Debt Service Collection	

Total Revenues	
$	207,617	
$	200,325	
$	200,525		

EXPENDITURES					

Principal Payments	
125,000	
129,000	
133,000	
Principal Payment Due In 2027	

Interest Payments	
74,695	
68,688	
64,103	
Interest Payments Due In 2027	

Bond Redemption	
0	
2,637	
3,422	
Estimated Excess Debt Collections	

Total Expenditures	
$	199,695	
$	200,325	
$	200,525		

Excess/ (Shortfall)	
$	7,922	
$	-	
$	-		

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 1/1/26 =	May 2037

$1,879,000			

III

Century Gardens Village Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2023/2024	2024/2025	2025/2026	2026/2027
 Assessment*    Assessment*    Assessment*	  Projected Assessment* 

Administrative Assessment For Townhomes	$	284.60	$	284.51	$	284.31	$	310.03	
Maintenance Assessment For Townhomes	$	235.03	$	235.03	$	235.03	$	400.90	

Debt Assessment For Townhomes	 $	589.54	$	589.54	 $	589.54	 $	589.54	

Total	
$	
1,109.17	
$	
1,109.08	
$	
1,108.88	
$	
1,300.47	

Administrative Assessment For Single Family Homes	$	284.60	$	284.51	$	284.31	$	310.03	
Maintenance Assessments For Single Family Homes	$	235.03	$	235.03	$	235.03	$	400.90	

Debt Assessment For Single Family Homes	 $	1,139.47	$	1,139.47	 $	1,139.47	 $	1,139.47	

Total

$	1,659.10	$

1,659.01	$

1,658.81	$

1,850.40

* 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

Century Gardens Village Community Development District
Scenario #2
Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2026/2027 BUDGET	
Administrative Assessments	84,326	
Maintenance Assessments	160,660	
Debt Assessments	212,048	
Other Revenues	0	
Interest Income	1,320	
TOTAL REVENUES	$	458,354	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Engineering/Inspections	1,500	
Street/Roadway Maintenance	30,000	
Field Operations Management	2,520	
Tree and Palm Trimming	25,000	
Pressure Cleaning	11,500	
Stormwater Management System Maintenance	8,500	
Irrigation System Maintenance	12,000	
Miscellaneous Community Projects	0	
Capital Improvements	50,000	
Maintenance Contingency	10,000	
TOTAL MAINTENANCE EXPENDITURES	$	151,020	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes	306	
Management	37,956	
Legal	9,000	
Assessment Roll	7,500	
Audit Fees	3,200	
Insurance	7,900	
Legal Advertisements	2,600	
Miscellaneous	1,250	
Postage	275	
Office Supplies	325	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	600	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	80,587	
		
TOTAL EXPENDITURES	$	231,607	
		
REVENUES LESS EXPENDITURES	$	226,747	
		
Bond Payments	(199,325)	
		
BALANCE	$	27,422	
		
County Appraiser & Tax Collector Fee	(9,141)	
Discounts For Early Payments	(18,281)	
		
EXCESS/ (SHORTFALL)	$	(0)	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	(0)	

DETAILED PROPOSED BUDGET
CENTURY GARDENS VILLAGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2024/2025 ACTUAL	
FISCAL YEAR 2025/2026 BUDGET	
FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	
Administrative Assessments	78,384	77,330	84,326	Expenditures Less Interest & Carryover (9%)/.94	
Maintenance Assessments	63,928	63,925	160,660	Expenditures Less Carryover (91%)/.94	
Debt Assessments	212,048	212,048	212,048	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	9,987	1,200	1,320	Interest Estimated At $110 Per Month	
TOTAL REVENUES	$	364,347	$	354,503	$	458,354		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Engineering/Inspections	3,053	1,500	1,500	No Change From 2025/2026 Budget	
Street/Roadway Maintenance	40,855	22,000	30,000	$8,000 Increase From 2025/2026 Budget	
Field Operations Management	1,800	1,800	2,520	$720 Increase From 2025/2026 Budget	
Tree and Palm Trimming	0	0	25,000	Tree and Palm Trimming	
Pressure Cleaning	12,700	10,000	11,500	$1,500 Increase From 2025/2026 Budget	
Stormwater Management System Maintenance	0	7,500	8,500	$1,000 Increase From 2025/2026 Budget	
Irrigation System Maintenance	2,675	0	12,000	New Line Item	
Miscellaneous Community Projects	37,830	14,090	0	Line Item Eliminated	
Capital Improvements	0	40,000	50,000	$10,000 Increase From 2025/2026 Budget	
Maintenance Contingency	1,060	3,200	10,000	$6,800 Increase From 2025/2026 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	99,973	$	100,090	$	151,020		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	3,800	3,000	4,000	Supervisor Fees	
Payroll Taxes	291	230	306	Supervisor Fees * 7.65%	
Management	35,928	36,960	37,956	CPI Adjustment	
Legal	10,870	8,500	9,000	$500 Increase From 2025/2026 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,200	3,300	3,200	Accepted Amount For 2025/2026	
Insurance	6,858	7,400	7,900	Fiscal Year 2025/2026 Expenditure Was $7,269	
Legal Advertisements	2,225	2,600	2,600	No Change From 2025/2026 Budget	
Miscellaneous	1,140	1,300	1,250	$50 Decrease From 2025/2026 Budget	
Postage	96	275	275	No Change From 2025/2026 Budget	
Office Supplies	295	350	325	$25 Decrease From 2025/2026 Budget	
Dues & Subscriptions	175	175	175	No Change From 2025/2026 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2025/2026 Budget	
Continuing Disclosure Fee	600	600	600	No Change From 2025/2026 Budget	
Website Management	2,000	2,000	2,000	No Change From 2025/2026 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	78,478	$	77,690	$	80,587		
					
TOTAL EXPENDITURES	$	178,451	$	177,780	$	231,607		
					
REVENUES LESS EXPENDITURES	$	185,896	$	176,723	$	226,747		
					
Bond Payments	(202,370)	(199,325)	(199,325)	2027 P & I Payments Less Earned Interest	
					
BALANCE	$	(16,474)	$	(22,602)	$	27,422		
					
County Appraiser & Tax Collector Fee	(3,411)	(7,066)	(9,141)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(12,720)	(14,132)	(18,281)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(32,605)	$	(43,800)	$	(0)		
					
Carryover From Prior Year	0	43,800	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(32,605)	$	(0)	$	(0)		

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

REVENUES	FISCAL YEAR 2024/2025 ACTUAL	FISCAL YEAR 2025/2026 BUDGET	FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	

Interest Income	
5,247	
1,000	
1,200	
Projected Interest For FY 2026/2027	

NAV Tax Collection	
202,370	
199,325	
199,325	
Maximum Debt Service Collection	

Total Revenues	
$	207,617	
$	200,325	
$	200,525		

EXPENDITURES					

Principal Payments	
125,000	
129,000	
133,000	
Principal Payment Due In 2027	

Interest Payments	
74,695	
68,688	
64,103	
Interest Payments Due In 2027	

Bond Redemption	
0	
2,637	
3,422	
Estimated Excess Debt Collections	

Total Expenditures	
$	199,695	
$	200,325	
$	200,525		

Excess/ (Shortfall)	
$	7,922	
$	-	
$	-		

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 1/1/26 =	May 2037

$1,879,000			

Century Gardens Village Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2023/2024	2024/2025	2025/2026	2026/2027
 Assessment*    Assessment*    Assessment*	  Projected Assessment* 

Administrative Assessment For Townhomes	$	284.60	$	284.51	$	284.31	$	310.03	
Maintenance Assessment For Townhomes	$	235.03	$	235.03	$	235.03	$	590.67	

Debt Assessment For Townhomes	 $	589.54	$	589.54	 $	589.54	 $	589.54	

Total	
$	
1,109.17	
$	
1,109.08	
$	
1,108.88	
$	
1,490.24	

Administrative Assessment For Single Family Homes	$	284.60	$	284.51	$	284.31	$	310.03	
Maintenance Assessments For Single Family Homes	$	235.03	$	235.03	$	235.03	$	590.67	

Debt Assessment For Single Family Homes	 $	1,139.47	$	1,139.47	 $	1,139.47	 $	1,139.47	

Total

$	1,659.10	$

1,659.01	$

1,658.81	$

2,040.17

* 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