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

$236,754

($36,206)

$200,548

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 - 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)

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 = $106,921*.
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 = Interest Rate =
Issue Date = Maturity Date =

$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

Par Amount As Of 8/31/25 =

$1,879,000

II

$104,070

$7,922

$111,992

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 - 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