Century Gardens Village Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

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

I

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

II

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

Series 2020 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$2,469,000 3.00% - 4.00%
December 2020
May 2037

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$1,879,000

III

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

$	-

$	-

Century Gardens Village Community Development District Assessment Comparison

Fiscal Year 2023/2024
 Assessment* 

Fiscal Year 2024/2025
  Assessment* 

Fiscal Year 2025/2026
  Assessment*	

Fiscal Year 2026/2027
  Projected Assessment* 

$

284.60

$

284.51

$

284.31

$

310.03

Administrative Assessment For Townhomes

$

235.03

$

235.03

$

235.03

$

400.90

Maintenance Assessment For Townhomes

 $	589.54

$	589.54

 $	589.54

 $	589.54

Debt Assessment For Townhomes

$

1,109.17

$

1,109.08

$

1,108.88

$

1,300.47

Total

$
$

284.60
235.03

$
$

284.51
235.03

$
$

284.31
235.03

$
$

310.03
400.90

Administrative Assessment For Single Family Homes

Maintenance Assessments For Single Family Homes

 $	1,139.47

$	1,139.47

 $	1,139.47

 $	1,139.47

Debt Assessment For Single Family Homes

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
Single Family Units Total Units

178
94
272

IV