Tradition Community Development Districts #1-11

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

3-4	PROPOSED BUDGET-RECAP CDD1-11
5	PROPOSED BUDGET-RECAP FY25 COMPARISON
6-7	PROPOSED BUDGET-CDD 1
8-9	PROPOSED BUDGET-CDD 2
10-11 PROPOSED BUDGET-CDD 3
12-13 PROPOSED BUDGET-CDD 4
14-15 PROPOSED BUDGET-CDD 5
16-17 PROPOSED BUDGET-CDD 6
18-19 PROPOSED BUDGET-CDD 7
20-21 PROPOSED BUDGET-CDD 8
22-23 PROPOSED BUDGET-CDD 9
24-25 PROPOSED BUDGET-CDD 10
26-27 PROPOSED BUDGET-CDD 11
PROPOSED O&M ASSESSMENT RECAP
PROPOSED DEBT SERVICE BUDGET SERIES 2014 BOND
PROPOSED DEBT SERVICE BUDGET SERIES 2021 BOND
PROPOSED DEBT SERVICE BUDGET SERIES 2025 BOND
PROPOSED BUDGET- IRRIGATION
PROPOSED DEBT SERVICE IRRIGATION SERIES 2017 BOND

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR		
	2024/2025	2024/2025	2025/2026		
		ANNUAL BUDGET		  6 month Actuals - March 2025 	  PROPOSED BUDGET			
 REVENUES						
ON-ROLL ASSESSMENTS - Debt	5,348,340	5,072,252	5,442,345		
ON-ROLL ASSESSMENTS - ADMIN	569,103	537,309	624,049		
ON-ROLL ASSESSMENTS - MAINT	2,202,370	2,079,329	3,209,780		
ON-ROLL ASSESSMENTS - TIM	163,587	154,448	375,000		
STORMWATER	1,200,000	1,248,386	1,250,000		
OTHER INCOME	60,000	132,384	60,000		
 Total Revenues		 $	9,543,400 	 $	9,224,107 	 $	10,961,174 		
 EXPENDITURES - ADMIN						
AUDIT	34,850	0	36,400		
BANK FEES	0	0	0		
DISSEMINATION AGENT	3,000	0	0		
DISTRICT COUNSEL	50,000	52,442	50,000		
MANAGEMENT	150,000	75,000	154,500		
ASSESSMENT ROLL	10,000	0	10,000		
DUES, LICENSES & FEES	1,925	1,925	1,925		
ENGINEERING	70,000	45,252	95,000		
GENERAL INSURANCE	136,650	130,707	157,150		
WEB SITE MAINTENANCE	8,250	4,063	8,250		
LEGAL ADVERTISING	2,000	498	2,000		
MISCELLANEOUS	2,000	2	2,000		
TRAVEL AND PER DIEM	400	251	400		
OFFICE SUPPLIES	5,000	3,121	5,000		
POSTAGE & SHIPPING	500	99	500		
COPIES	3,000	0	3,000		
SUPERVISOR FEES	60,000	19,215	60,000		
TRUSTEE SERVICES	18,000	0	18,000		
OFFICE RENT	25,000	46,784	27,000		
CONTINUING DISCLOSURE FEE	3,000	3,000	3,000		
TOTAL ADMIN EXPENSES	583,575	382,359	634,125		

 COMMENTS	

Increase Per Annual Contract
Increase for FY25 actuals
No Change - Conservative Estimate

Increase per audit agreement Line item removed
Covered under "Continuing Disclosure Fee"
No Change
CPI increase capped at 3%
No Change No Change
Increase for FY25 actuals Estimating 15% increase No Change
No Change No Change No Change No Change No Change No Change No Change No Change
Increase for FY25 actuals No Change

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR		
	2024/2025	2024/2025	2025/2026		
	ANNUAL BUDGET	6 month Actuals - March 2025	PROPOSED BUDGET		
EXPENDITURES - MAINT					
LAKE MAINTENANCE	310,000	107,187	350,000		
LAKE BANK MAINTENANCE & RESTORATION	0	0	775,000		
TIM OPERATIONS	150,500	249,259	345,000		
BUILDING, BRIDGE, MONUMENT MAINTENAN	10,000	0	10,000		
MAINTENANCE RESERVES	100,000	0	100,000		
COMMUNITY AREA MAINTENANCE	140,000	194,672	160,000		
DEVELOPMENT COORDINATOR	32,410	16,205	33,382		
ELECTRIC	110,000	25,953	110,000		
ENGINEERING	130,000	45,252	140,000		
FIELD MANAGEMENT	247,200	123,600	254,616		
FOUNTAIN MAINTENANCE & CHEMICALS	5,000	0	5,000		
LANDSCAPING MAINTENANCE & MATERIALS	1,036,285	592,856	1,107,000		
IRRIGATION	167,000	83,830	168,000		
IRRIGATION PARTS & REPAIRS	75,000	0	80,000		
SIDEWALK CLEANING	30,000	15,000	30,000		
SIDEWALK REPAIR	60,000	0	60,000		
SIGNAGE	10,000	10,427	10,000		
STREETLIGHTS	60,000	75,095	60,000		
STORMWATER MANAGEMENT	503,285	26,725	550,000		
TREE/PLANT REPLACEMENT & TRIM	200,000	0	200,000		
TOTAL MAINTENANCE EXPENSES	3,376,681	1,566,061	4,547,998		
	
$	3,960,256	$	1,948,420			
Total Expenditures		$	5,182,123		
				
EXCESS / (SHORTFALL)	$	5,583,145	$	7,275,687	$	5,779,051		

PAYMENT TO TRUSTEE	
(4,920,473)	(4,744,392)	
(5,006,957)		
BOND PREPAYMENTS	-	Not Included in Actuals			
BALANCE	$	662,672	$	2,531,295	$	772,094		

COUNTY APPRAISER & TAX COLLECTOR FEE	(331,336)	(309,041)	(386,047)		
DISCOUNTS FOR EARLY PAYMENTS	(331,336)	(294,076)	(386,047)		
NET EXCESS / (SHORTFALL)	$	-	$	1,928,179	$	-		

 COMMENTS	

Estimate
Added at Proposed Budget Meeting 50% of annual contract for services No Change
No Change
14% increase
CPI increase capped at 3% Estimate
No Change
CPI increase capped at 3% No Change
7% increase
.06% increase - additional landscape under irrigation 7% increase
No Change No Change No Change No Change
$75,000/bank mowing / Remainder Lake Restoration
No Change

		CDD 1	CDD 2			CDD 3		CDD 4		CDD 5		CDD 6		CDD 7		CDD 8		CDD 9		CDD 10		CDD 11		TOTAL	
REVENUES																									
ON-ROLL ASSESSMENTS - Debt		4,939		420,859		928,658		1,025,363		1,023,771		972,747		176,610		518,545		273,164		85,589		12,098		5,442,345	
ON-ROLL ASSESSMENTS - ADMIN		4,393		23,009		68,314		69,137		69,137		62,877		81,713		54,915		35,969		150,191		4,393		624,049	
ON-ROLL ASSESSMENTS - MAINT		2,913		248,214		547,703		604,738		603,799		573,706		104,161		305,827		161,107		50,478		7,135		3,209,780	
ON-ROLL ASSESSMENTS - TIM		4,646		24,334		0		0		0		0		86,418		58,077		38,040		158,839		4,646		375,000	
STORMWATER		1,134		96,663		213,295		235,506		235,140		223,421		40,564		119,100		62,740		19,658		2,779		1,250,000	
Other Income		422		2,212		6,568		6,647		6,647		6,045		7,856		5,280		3,458		14,440		422		60,000	
DEVELOPER CONTRIBUTION/BOND FUNDS - TIM		0		0		0		0		0		0		0		0		0		0		0		0	
Total Revenues		$	18,447		$	815,292		$	1,764,537		$	1,941,392		$	1,938,495		$	1,838,797		$	497,323		$	1,061,743		$	574,479		$	479,196		$	31,473		$	10,961,174	

EXPENDITURES - ADMIN																									
AUDIT		256		1,342		3,985		4,033		4,033		3,668		4,766		3,203		2,098		8,760		256		36400	
DISSEMINATION AGENT		0		0		0		0		0		0		0		0		0		0		0		0	
DISTRICT COUNSEL		352		1,844		5,473		5,539		5,539		5,038		6,547		4,400		2,882		12,034		352		50000	
MANAGEMENT		1,088		5,697		16,913		17,117		17,117		15,567		20,230		13,596		8,905		37,184		1,088		154500	
ASSESSMENT ROLL		70		369		1,095		1,108		1,108		1,008		1,309		880		576		2,407		70		10000	
DUES, LICENSES & FEES		14		71		211		213		213		194		252		169		111		463		14		1925	
ENGINEERING		669		3,503		10,400		10,525		10,525		9,572		12,439		8,360		5,476		22,864		669		95000	
GENERAL INSURANCE		1,106		5,794		17,203		17,410		17,410		15,834		20,577		13,829		9,058		37,822		1,106		157150	
WEB SITE MAINTENANCE		58		304		903		914		914		831		1,080		726		476		1,986		58		8250	
LEGAL ADVERTISING		14		74		219		222		222		202		262		176		115		481		14		2000	
MISCELLANEOUS		14		74		219		222		222		202		262		176		115		481		14		2000	
TRAVEL AND PER DIEM		3		15		44		44		44		40		52		35		23		96		3		400	
OFFICE SUPPLIES		35		184		547		554		554		504		655		440		288		1,203		35		5000	
POSTAGE & SHIPPING		4		18		55		55		55		50		65		44		29		120		4		500	
COPIES		21		111		328		332		332		302		393		264		173		722		21		3000	
SUPERVISOR FEES		422		2,212		6,568		6,647		6,647		6,045		7,856		5,280		3,458		14,440		422		60000	
TRUSTEE SERVICES		127		664		1,970		1,994		1,994		1,814		2,357		1,584		1,037		4,332		127		18000	
OFFICE RENT		190		996		2,956		2,991		2,991		2,720		3,535		2,376		1,556		6,498		190		27000	
CONTINUING DISCLOSURE FEE		21		111		328		332		332		302		393		264		173		722		21		3000	
TOTAL ADMINISTRATIVE EXPENSES		4,464		23,381		69,417		70,254		70,254		63,892		83,032		55,801		36,550		152,616		4,464		634,125	

EXPENDITURES - MAINTENANCE																									
LAKE MAINTENANCE		318		27,066		59,722		65,942		65,839		62,558		11,358		33,348		17,567		5,504		778		350,000	
LAKE BANK MAINTENANCE & RESTORATION		703		59,931		132,243		146,014		145,787		138,521		25,150		73,842		38,899		12,188		1,723		775,000	
TIM OPERATIONS		4,274		22,387		0		0		0		0		79,504		53,430		34,997		146,132		4,274		345,000	
BUILDING, BRIDGE, MONUMENT MAINTENANCE		9		773		1,706		1,884		1,881		1,787		325		953		502		157		22		10,000	
CONTINGENCY - MAINTENANCE		91		7,733		17,064		18,840		18,811		17,874		3,245		9,528		5,019		1,573		222		100,000	
COMMUNITY AREA MAINTENANCE		145		12,373		27,302		30,145		30,098		28,598		5,192		15,245		8,031		2,516		356		160,000	
DEVELOPMENT COORDINATOR		30		2,581		5,696		6,289		6,280		5,967		1,083		3,181		1,676		525		74		33,382	
ELECTRIC		100		8,506		18,770		20,725		20,692		19,661		3,570		10,481		5,521		1,730		245		110,000	
ENGINEERING		127		10,826		23,889		26,377		26,336		25,023		4,543		13,339		7,027		2,202		311		140,000	
FIELD MANAGEMENT		231		19,690		43,447		47,971		47,896		45,509		8,263		24,260		12,780		4,004		566		254,616	
FOUNTAIN MAINTENANCE & CHEMICALS		5		387		853		942		941		894		162		476		251		79		11		5,000	
LANDSCAPING MAINTENANCE & MATERIALS		1,005		85,605		188,894		208,564		208,240		197,862		35,923		105,475		55,563		17,409		2,461		1,107,000	
IRRIGATION		152		12,992		28,667		31,652		31,603		30,028		5,452		16,007		8,432		2,642		373		168,000	
IRRIGATION PARTS & REPAIRS		73		6,186		13,651		15,072		15,049		14,299		2,596		7,622		4,015		1,258		178		80,000	
SIDEWALK CLEANING		27		2,320		5,119		5,652		5,643		5,362		974		2,858		1,506		472		67		30,000	
SIDEWALK REPAIR		54		4,640		10,238		11,304		11,287		10,724		1,947		5,717		3,012		944		133		60,000	
SIGNAGE		9		773		1,706		1,884		1,881		1,787		325		953		502		157		22		10,000	
STREETLIGHTS		54		4,640		10,238		11,304		11,287		10,724		1,947		5,717		3,012		944		133		60,000	
STORMWATER MANAGEMENT		499		42,532		93,850		103,623		103,462		98,305		17,848		52,404		27,606		8,650		1,223		550,000	
TREE/PLANT REPLACEMENT & TRIM		181		15,466		34,127		37,681		37,622		35,747		6,490		19,056		10,038		3,145		445		200,000	
TOTAL MAINTENANCE EXPENSES		8,088		347,407		717,181		791,865		790,635		751,231		215,897		453,891		245,955		212,230		13,617		4,547,998	

Total Expenditures	$	12,553	$	370,788	$	786,598	$	862,118	$	860,889	$	815,123	$	298,929	$	509,692	$	282,505	$	364,847	$	18,081	$	5,182,123	
																									
EXCESS / (SHORTFALL)		$	5,895		$	444,504		$	977,939		$	1,079,273		$	1,077,606		$	1,023,674		$	198,394		$	552,051		$	291,974		$	114,349		$	13,392		$	5,779,051	

PAYMENTS TO TRUSTEE		
(4,544)		
(387,191)		
(854,365)		
(943,334)		
(941,870)		
(894,928)		
(162,482)		
(477,062)		
(251,311)		
(78,742)		
(11,130)		
(5,006,957)	
BALANCE		$	1,351		$	57,313		$	123,574		$	135,939		$	135,737		$	128,746		$	35,912		$	74,989		$	40,662		$	35,608		$	2,262		$	772,094	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(676)		
(28,657)		
(61,787)		
(67,970)		
(67,868)		
(64,373)		
(17,956)		
(37,495)		
(20,331)		
(17,804)		
(1,131)		
(386,047)	
DISCOUNTS FOR EARLY PAYMENTS		(676)		(28,657)		(61,787)		(67,970)		(67,868)		(64,373)		(17,956)		(37,495)		(20,331)		(17,804)		(1,131)		(386,047)	
NET EXCESS / (SHORTFALL)		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		4,853	4,939	
ON-ROLL ASSESSMENTS - ADMIN		4,006	4,393	
ON-ROLL ASSESSMENTS - MAINT		1,999	2,913	
ON-ROLL ASSESSMENTS - TIM		2,027	4,646	
STORMWATER		1,089	1,134	
OTHER INCOME		422	422	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	14,396	$	18,447	
EXPENDITURES - ADMIN				
AUDIT		245	256	
DISSEMINATION AGENT		21	0	
DISTRICT COUNSEL		352	352	
MANAGEMENT		1,056	1,088	
ASSESSMENT ROLL		70	70	
DUES, LICENSES & FEES		14	14	
ENGINEERING		493	669	
GENERAL INSURANCE		962	1,106	
WEB SITE MAINTENANCE		58	58	
LEGAL ADVERTISING		14	14	
MISCELLANEOUS		14	14	
TRAVEL AND PER DIEM		3	3	
OFFICE SUPPLIES		35	35	
POSTAGE & SHIPPING		4	4	
COPIES		21	21	
SUPERVISOR FEES		422	422	
TRUSTEE SERVICES		127	127	
OFFICE RENT		176	190	
CONTINUING DISCLOSURE FEE		21	21	
TOTAL ADMIN EXPENSES		4,108	4,464	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	281	318	
LAKE BANK MAINTENANCE & RESTORATION	0	703	
TIM OPERATIONS	1,865	4,274	
BUILDING, BRIDGE, MONUMENT MAINTENAN	9	9	
MAINTENANCE RESERVES	91	91	
COMMUNITY AREA MAINTENANCE	127	145	
DEVELOPMENT COORDINATOR	29	30	
ELECTRIC	100	100	
ENGINEERING	118	127	
FIELD MANAGEMENT	224	231	
FOUNTAIN MAINTENANCE & CHEMICALS	5	5	
LANDSCAPING MAINTENANCE & MATERIALS	940	1,005	
IRRIGATION	152	152	
IRRIGATION PARTS & REPAIRS	68	73	
SIDEWALK CLEANING	27	27	
SIDEWALK REPAIR	54	54	
SIGNAGE	9	9	
STREETLIGHTS	54	54	
STORMWATER MANAGEMENT	457	499	
TREE/PLANT REPLACEMENT & TRIM	181	181	
TOTAL MAINTENANCE EXPENSES	4,792	8,088	

$	8,901		
Total Expenditures		$	12,553	
			
EXCESS / (SHORTFALL)	$	5,496	$	5,895	

PAYMENT TO TRUSTEE	

(4,465)	
(4,544)	
BALANCE	$	1,031	$	1,351	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(515)	(676)	
DISCOUNTS FOR EARLY PAYMENTS	(515)	(676)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		413,590	420,859	
ON-ROLL ASSESSMENTS - ADMIN		20,983	23,009	
ON-ROLL ASSESSMENTS - MAINT		170,310	248,214	
ON-ROLL ASSESSMENTS - TIM		10,615	24,334	
STORMWATER		92,797	96,663	
OTHER INCOME		2,212	2,212	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	710,508	$	815,292	
EXPENDITURES - ADMIN				
AUDIT		1,285	1,342	
DISSEMINATION AGENT		111	0	
DISTRICT COUNSEL		1,844	1,844	
MANAGEMENT		5,531	5,697	
ASSESSMENT ROLL		369	369	
DUES, LICENSES & FEES		71	71	
ENGINEERING		2,581	3,503	
GENERAL INSURANCE		5,038	5,794	
WEB SITE MAINTENANCE		304	304	
LEGAL ADVERTISING		74	74	
MISCELLANEOUS		74	74	
TRAVEL AND PER DIEM		15	15	
OFFICE SUPPLIES		184	184	
POSTAGE & SHIPPING		18	18	
COPIES		111	111	
SUPERVISOR FEES		2,212	2,212	
TRUSTEE SERVICES		664	664	
OFFICE RENT		922	996	
CONTINUING DISCLOSURE FEE		111	111	
TOTAL ADMIN EXPENSES		21,517	23,381	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	23,972	27,066	
LAKE BANK MAINTENANCE & RESTORATION	0	59,931	
TIM OPERATIONS	9,766	22,387	
BUILDING, BRIDGE, MONUMENT MAINTENAN	773	773	
MAINTENANCE RESERVES	7,733	7,733	
COMMUNITY AREA MAINTENANCE	10,826	12,373	
DEVELOPMENT COORDINATOR	2,506	2,581	
ELECTRIC	8,506	8,506	
ENGINEERING	10,053	10,826	
FIELD MANAGEMENT	19,116	19,690	
FOUNTAIN MAINTENANCE & CHEMICALS	387	387	
LANDSCAPING MAINTENANCE & MATERIALS	80,136	85,605	
IRRIGATION	12,914	12,992	
IRRIGATION PARTS & REPAIRS	5,800	6,186	
SIDEWALK CLEANING	2,320	2,320	
SIDEWALK REPAIR	4,640	4,640	
SIGNAGE	773	773	
STREETLIGHTS	4,640	4,640	
STORMWATER MANAGEMENT	38,919	42,532	
TREE/PLANT REPLACEMENT & TRIM	15,466	15,466	
TOTAL MAINTENANCE EXPENSES	259,248	347,407	

$	280,765		
Total Expenditures		$	370,788	
			
EXCESS / (SHORTFALL)	$	429,743	$	444,504	

PAYMENT TO TRUSTEE	

(380,503)	
(387,191)	
BALANCE	$	49,240	$	57,313	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(24,620)	(28,657)	
DISCOUNTS FOR EARLY PAYMENTS	(24,620)	(28,657)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		912,617	928,658	
ON-ROLL ASSESSMENTS - ADMIN		62,299	68,314	
ON-ROLL ASSESSMENTS - MAINT		375,803	547,703	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		204,763	213,295	
OTHER INCOME		6,568	6,568	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,562,050	$	1,764,537	
EXPENDITURES - ADMIN				
AUDIT		3,815	3,985	
DISSEMINATION AGENT		328	0	
DISTRICT COUNSEL		5,473	5,473	
MANAGEMENT		16,420	16,913	
ASSESSMENT ROLL		1,095	1,095	
DUES, LICENSES & FEES		211	211	
ENGINEERING		7,663	10,400	
GENERAL INSURANCE		14,959	17,203	
WEB SITE MAINTENANCE		903	903	
LEGAL ADVERTISING		219	219	
MISCELLANEOUS		219	219	
TRAVEL AND PER DIEM		44	44	
OFFICE SUPPLIES		547	547	
POSTAGE & SHIPPING		55	55	
COPIES		328	328	
SUPERVISOR FEES		6,568	6,568	
TRUSTEE SERVICES		1,970	1,970	
OFFICE RENT		2,737	2,956	
CONTINUING DISCLOSURE FEE		328	328	
TOTAL ADMIN EXPENSES		63,883	69,417	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	52,897	59,722	
LAKE BANK MAINTENANCE & RESTORATION	0	132,243	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENAN	1,706	1,706	
MAINTENANCE RESERVES	17,064	17,064	
COMMUNITY AREA MAINTENANCE	23,889	27,302	
DEVELOPMENT COORDINATOR	5,530	5,696	
ELECTRIC	18,770	18,770	
ENGINEERING	22,183	23,889	
FIELD MANAGEMENT	42,181	43,447	
FOUNTAIN MAINTENANCE & CHEMICALS	853	853	
LANDSCAPING MAINTENANCE & MATERIALS	176,827	188,894	
IRRIGATION	28,496	28,667	
IRRIGATION PARTS & REPAIRS	12,798	13,651	
SIDEWALK CLEANING	5,119	5,119	
SIDEWALK REPAIR	10,238	10,238	
SIGNAGE	1,706	1,706	
STREETLIGHTS	10,238	10,238	
STORMWATER MANAGEMENT	85,878	93,850	
TREE/PLANT REPLACEMENT & TRIM	34,127	34,127	
TOTAL MAINTENANCE EXPENSES	550,501	717,181	

$	614,384		
Total Expenditures		$	786,598	
			
EXCESS / (SHORTFALL)	$	947,665	$	977,939	

PAYMENT TO TRUSTEE	

(839,608)	
(854,365)	
BALANCE	$	108,058	$	123,574	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(54,029)	(61,787)	
DISCOUNTS FOR EARLY PAYMENTS	(54,029)	(61,787)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		1,007,652	1,025,363	
ON-ROLL ASSESSMENTS - ADMIN		63,050	69,137	
ON-ROLL ASSESSMENTS - MAINT		414,937	604,738	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		226,086	235,506	
OTHER INCOME		6,647	6,647	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,718,372	$	1,941,392	
EXPENDITURES - ADMIN				
AUDIT		3,861	4,033	
DISSEMINATION AGENT		332	0	
DISTRICT COUNSEL		5,539	5,539	
MANAGEMENT		16,618	17,117	
ASSESSMENT ROLL		1,108	1,108	
DUES, LICENSES & FEES		213	213	
ENGINEERING		7,755	10,525	
GENERAL INSURANCE		15,139	17,410	
WEB SITE MAINTENANCE		914	914	
LEGAL ADVERTISING		222	222	
MISCELLANEOUS		222	222	
TRAVEL AND PER DIEM		44	44	
OFFICE SUPPLIES		554	554	
POSTAGE & SHIPPING		55	55	
COPIES		332	332	
SUPERVISOR FEES		6,647	6,647	
TRUSTEE SERVICES		1,994	1,994	
OFFICE RENT		2,770	2,991	
CONTINUING DISCLOSURE FEE		332	332	
TOTAL ADMIN EXPENSES		64,653	70,254	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	58,405	65,942	
LAKE BANK MAINTENANCE & RESTORATION	0	146,014	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENAN	1,884	1,884	
MAINTENANCE RESERVES	18,840	18,840	
COMMUNITY AREA MAINTENANCE	26,377	30,145	
DEVELOPMENT COORDINATOR	6,106	6,289	
ELECTRIC	20,725	20,725	
ENGINEERING	24,493	26,377	
FIELD MANAGEMENT	46,574	47,971	
FOUNTAIN MAINTENANCE & CHEMICALS	942	942	
LANDSCAPING MAINTENANCE & MATERIALS	195,241	208,564	
IRRIGATION	31,464	31,652	
IRRIGATION PARTS & REPAIRS	14,130	15,072	
SIDEWALK CLEANING	5,652	5,652	
SIDEWALK REPAIR	11,304	11,304	
SIGNAGE	1,884	1,884	
STREETLIGHTS	11,304	11,304	
STORMWATER MANAGEMENT	94,821	103,623	
TREE/PLANT REPLACEMENT & TRIM	37,681	37,681	
TOTAL MAINTENANCE EXPENSES	607,828	791,865	

$	672,481		
Total Expenditures		$	862,118	
			
EXCESS / (SHORTFALL)	$	1,045,891	$	1,079,273	

PAYMENT TO TRUSTEE	

(927,040)	
(943,334)	
BALANCE	$	118,851	$	135,939	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(59,426)	(67,970)	
DISCOUNTS FOR EARLY PAYMENTS	(59,426)	(67,970)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		1,006,088	1,023,771	
ON-ROLL ASSESSMENTS - ADMIN		63,050	69,137	
ON-ROLL ASSESSMENTS - MAINT		414,293	603,799	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		225,735	235,140	
OTHER INCOME		6,647	6,647	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,715,813	$	1,938,495	
EXPENDITURES - ADMIN				
AUDIT		3,861	4,033	
DISSEMINATION AGENT		332	0	
DISTRICT COUNSEL		5,539	5,539	
MANAGEMENT		16,618	17,117	
ASSESSMENT ROLL		1,108	1,108	
DUES, LICENSES & FEES		213	213	
ENGINEERING		7,755	10,525	
GENERAL INSURANCE		15,139	17,410	
WEB SITE MAINTENANCE		914	914	
LEGAL ADVERTISING		222	222	
MISCELLANEOUS		222	222	
TRAVEL AND PER DIEM		44	44	
OFFICE SUPPLIES		554	554	
POSTAGE & SHIPPING		55	55	
COPIES		332	332	
SUPERVISOR FEES		6,647	6,647	
TRUSTEE SERVICES		1,994	1,994	
OFFICE RENT		2,770	2,991	
CONTINUING DISCLOSURE FEE		332	332	
TOTAL ADMIN EXPENSES		64,653	70,254	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	58,315	65,839	
LAKE BANK MAINTENANCE & RESTORATION	0	145,787	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENAN	1,881	1,881	
MAINTENANCE RESERVES	18,811	18,811	
COMMUNITY AREA MAINTENANCE	26,336	30,098	
DEVELOPMENT COORDINATOR	6,097	6,280	
ELECTRIC	20,692	20,692	
ENGINEERING	24,455	26,336	
FIELD MANAGEMENT	46,501	47,896	
FOUNTAIN MAINTENANCE & CHEMICALS	941	941	
LANDSCAPING MAINTENANCE & MATERIALS	194,938	208,240	
IRRIGATION	31,415	31,603	
IRRIGATION PARTS & REPAIRS	14,108	15,049	
SIDEWALK CLEANING	5,643	5,643	
SIDEWALK REPAIR	11,287	11,287	
SIGNAGE	1,881	1,881	
STREETLIGHTS	11,287	11,287	
STORMWATER MANAGEMENT	94,674	103,462	
TREE/PLANT REPLACEMENT & TRIM	37,622	37,622	
TOTAL MAINTENANCE EXPENSES	606,884	790,635	

$	671,537		
Total Expenditures		$	860,889	
			
EXCESS / (SHORTFALL)	$	1,044,275	$	1,077,606	

PAYMENT TO TRUSTEE	
(925,601)	
(941,870)	
BALANCE	$	118,674	$	135,737	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(59,337)	(67,868)	
DISCOUNTS FOR EARLY PAYMENTS	(59,337)	(67,868)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		955,945	972,747	
ON-ROLL ASSESSMENTS - ADMIN		57,341	62,877	
ON-ROLL ASSESSMENTS - MAINT		393,645	573,706	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		214,484	223,421	
OTHER INCOME		6,045	6,045	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,627,461	$	1,838,797	
EXPENDITURES - ADMIN				
AUDIT		3,511	3,668	
DISSEMINATION AGENT		302	0	
DISTRICT COUNSEL		5,038	5,038	
MANAGEMENT		15,114	15,567	
ASSESSMENT ROLL		1,008	1,008	
DUES, LICENSES & FEES		194	194	
ENGINEERING		7,053	9,572	
GENERAL INSURANCE		13,768	15,834	
WEB SITE MAINTENANCE		831	831	
LEGAL ADVERTISING		202	202	
MISCELLANEOUS		202	202	
TRAVEL AND PER DIEM		40	40	
OFFICE SUPPLIES		504	504	
POSTAGE & SHIPPING		50	50	
COPIES		302	302	
SUPERVISOR FEES		6,045	6,045	
TRUSTEE SERVICES		1,814	1,814	
OFFICE RENT		2,519	2,720	
CONTINUING DISCLOSURE FEE		302	302	
TOTAL ADMIN EXPENSES		58,799	63,892	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	55,408	62,558	
LAKE BANK MAINTENANCE & RESTORATION	0	138,521	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENAN	1,787	1,787	
MAINTENANCE RESERVES	17,874	17,874	
COMMUNITY AREA MAINTENANCE	25,023	28,598	
DEVELOPMENT COORDINATOR	5,793	5,967	
ELECTRIC	19,661	19,661	
ENGINEERING	23,236	25,023	
FIELD MANAGEMENT	44,184	45,509	
FOUNTAIN MAINTENANCE & CHEMICALS	894	894	
LANDSCAPING MAINTENANCE & MATERIALS	185,222	197,862	
IRRIGATION	29,849	30,028	
IRRIGATION PARTS & REPAIRS	13,405	14,299	
SIDEWALK CLEANING	5,362	5,362	
SIDEWALK REPAIR	10,724	10,724	
SIGNAGE	1,787	1,787	
STREETLIGHTS	10,724	10,724	
STORMWATER MANAGEMENT	89,956	98,305	
TREE/PLANT REPLACEMENT & TRIM	35,747	35,747	
TOTAL MAINTENANCE EXPENSES	576,637	751,231	

$	635,436		
Total Expenditures		$	815,123	
			
EXCESS / (SHORTFALL)	$	992,024	$	1,023,674	

PAYMENT TO TRUSTEE	

(879,470)	
(894,928)	
BALANCE	$	112,554	$	128,746	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,277)	(64,373)	
DISCOUNTS FOR EARLY PAYMENTS	(56,277)	(64,373)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		173,560	176,610	
ON-ROLL ASSESSMENTS - ADMIN		74,518	81,713	
ON-ROLL ASSESSMENTS - MAINT		71,469	104,161	
ON-ROLL ASSESSMENTS - TIM		37,698	86,418	
STORMWATER		38,941	40,564	
OTHER INCOME		7,856	7,856	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	404,044	$	497,323	
EXPENDITURES - ADMIN				
AUDIT		4,563	4,766	
DISSEMINATION AGENT		393	0	
DISTRICT COUNSEL		6,547	6,547	
MANAGEMENT		19,641	20,230	
ASSESSMENT ROLL		1,309	1,309	
DUES, LICENSES & FEES		252	252	
ENGINEERING		9,166	12,439	
GENERAL INSURANCE		17,893	20,577	
WEB SITE MAINTENANCE		1,080	1,080	
LEGAL ADVERTISING		262	262	
MISCELLANEOUS		262	262	
TRAVEL AND PER DIEM		52	52	
OFFICE SUPPLIES		655	655	
POSTAGE & SHIPPING		65	65	
COPIES		393	393	
SUPERVISOR FEES		7,856	7,856	
TRUSTEE SERVICES		2,357	2,357	
OFFICE RENT		3,273	3,535	
CONTINUING DISCLOSURE FEE		393	393	
TOTAL ADMIN EXPENSES		76,413	83,032	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	10,060	11,358	
LAKE BANK MAINTENANCE & RESTORATION	0	25,150	
TIM OPERATIONS	34,682	79,504	
BUILDING, BRIDGE, MONUMENT MAINTENAN	325	325	
MAINTENANCE RESERVES	3,245	3,245	
COMMUNITY AREA MAINTENANCE	4,543	5,192	
DEVELOPMENT COORDINATOR	1,052	1,083	
ELECTRIC	3,570	3,570	
ENGINEERING	4,219	4,543	
FIELD MANAGEMENT	8,022	8,263	
FOUNTAIN MAINTENANCE & CHEMICALS	162	162	
LANDSCAPING MAINTENANCE & MATERIALS	33,629	35,923	
IRRIGATION	5,419	5,452	
IRRIGATION PARTS & REPAIRS	2,434	2,596	
SIDEWALK CLEANING	974	974	
SIDEWALK REPAIR	1,947	1,947	
SIGNAGE	325	325	
STREETLIGHTS	1,947	1,947	
STORMWATER MANAGEMENT	16,332	17,848	
TREE/PLANT REPLACEMENT & TRIM	6,490	6,490	
TOTAL MAINTENANCE EXPENSES	139,376	215,897	

$	215,789		
Total Expenditures		$	298,929	
			
EXCESS / (SHORTFALL)	$	188,255	$	198,394	

PAYMENT TO TRUSTEE	

(159,675)	
(162,482)	
BALANCE	$	28,580	$	35,912	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(14,290)	(17,956)	
DISCOUNTS FOR EARLY PAYMENTS	(14,290)	(17,956)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		509,589	518,545	
ON-ROLL ASSESSMENTS - ADMIN		50,079	54,915	
ON-ROLL ASSESSMENTS - MAINT		209,841	305,827	
ON-ROLL ASSESSMENTS - TIM		25,335	58,077	
STORMWATER		114,336	119,100	
OTHER INCOME		5,280	5,280	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	914,460	$	1,061,743	
EXPENDITURES - ADMIN				
AUDIT		3,067	3,203	
DISSEMINATION AGENT		264	0	
DISTRICT COUNSEL		4,400	4,400	
MANAGEMENT		13,200	13,596	
ASSESSMENT ROLL		880	880	
DUES, LICENSES & FEES		169	169	
ENGINEERING		6,160	8,360	
GENERAL INSURANCE		12,025	13,829	
WEB SITE MAINTENANCE		726	726	
LEGAL ADVERTISING		176	176	
MISCELLANEOUS		176	176	
TRAVEL AND PER DIEM		35	35	
OFFICE SUPPLIES		440	440	
POSTAGE & SHIPPING		44	44	
COPIES		264	264	
SUPERVISOR FEES		5,280	5,280	
TRUSTEE SERVICES		1,584	1,584	
OFFICE RENT		2,200	2,376	
CONTINUING DISCLOSURE FEE		264	264	
TOTAL ADMIN EXPENSES		51,353	55,801	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	29,537	33,348	
LAKE BANK MAINTENANCE & RESTORATION	0	73,842	
TIM OPERATIONS	23,308	53,430	
BUILDING, BRIDGE, MONUMENT MAINTENAN	953	953	
MAINTENANCE RESERVES	9,528	9,528	
COMMUNITY AREA MAINTENANCE	13,339	15,245	
DEVELOPMENT COORDINATOR	3,088	3,181	
ELECTRIC	10,481	10,481	
ENGINEERING	12,386	13,339	
FIELD MANAGEMENT	23,553	24,260	
FOUNTAIN MAINTENANCE & CHEMICALS	476	476	
LANDSCAPING MAINTENANCE & MATERIALS	98,737	105,475	
IRRIGATION	15,912	16,007	
IRRIGATION PARTS & REPAIRS	7,146	7,622	
SIDEWALK CLEANING	2,858	2,858	
SIDEWALK REPAIR	5,717	5,717	
SIGNAGE	953	953	
STREETLIGHTS	5,717	5,717	
STORMWATER MANAGEMENT	47,953	52,404	
TREE/PLANT REPLACEMENT & TRIM	19,056	19,056	
TOTAL MAINTENANCE EXPENSES	330,698	453,891	

$	382,051		
Total Expenditures		$	509,692	
			
EXCESS / (SHORTFALL)	$	532,409	$	552,051	

PAYMENT TO TRUSTEE	

(468,822)	
(477,062)	
BALANCE	$	63,588	$	74,989	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(31,794)	(37,495)	
DISCOUNTS FOR EARLY PAYMENTS	(31,794)	(37,495)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		268,446	273,164	
ON-ROLL ASSESSMENTS - ADMIN		32,802	35,969	
ON-ROLL ASSESSMENTS - MAINT		110,542	161,107	
ON-ROLL ASSESSMENTS - TIM		16,594	38,040	
STORMWATER		60,231	62,740	
OTHER INCOME		3,458	3,458	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	492,074	$	574,479	
EXPENDITURES - ADMIN				
AUDIT		2,009	2,098	
DISSEMINATION AGENT		173	0	
DISTRICT COUNSEL		2,882	2,882	
MANAGEMENT		8,646	8,905	
ASSESSMENT ROLL		576	576	
DUES, LICENSES & FEES		111	111	
ENGINEERING		4,035	5,476	
GENERAL INSURANCE		7,876	9,058	
WEB SITE MAINTENANCE		476	476	
LEGAL ADVERTISING		115	115	
MISCELLANEOUS		115	115	
TRAVEL AND PER DIEM		23	23	
OFFICE SUPPLIES		288	288	
POSTAGE & SHIPPING		29	29	
COPIES		173	173	
SUPERVISOR FEES		3,458	3,458	
TRUSTEE SERVICES		1,037	1,037	
OFFICE RENT		1,441	1,556	
CONTINUING DISCLOSURE FEE		173	173	
TOTAL ADMIN EXPENSES		33,636	36,550	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	15,560	17,567	
LAKE BANK MAINTENANCE & RESTORATION	0	38,899	
TIM OPERATIONS	15,267	34,997	
BUILDING, BRIDGE, MONUMENT MAINTENAN	502	502	
MAINTENANCE RESERVES	5,019	5,019	
COMMUNITY AREA MAINTENANCE	7,027	8,031	
DEVELOPMENT COORDINATOR	1,627	1,676	
ELECTRIC	5,521	5,521	
ENGINEERING	6,525	7,027	
FIELD MANAGEMENT	12,408	12,780	
FOUNTAIN MAINTENANCE & CHEMICALS	251	251	
LANDSCAPING MAINTENANCE & MATERIALS	52,014	55,563	
IRRIGATION	8,382	8,432	
IRRIGATION PARTS & REPAIRS	3,764	4,015	
SIDEWALK CLEANING	1,506	1,506	
SIDEWALK REPAIR	3,012	3,012	
SIGNAGE	502	502	
STREETLIGHTS	3,012	3,012	
STORMWATER MANAGEMENT	25,261	27,606	
TREE/PLANT REPLACEMENT & TRIM	10,038	10,038	
TOTAL MAINTENANCE EXPENSES	177,196	245,955	

$	210,833		
Total Expenditures		$	282,505	
			
EXCESS / (SHORTFALL)	$	281,241	$	291,974	

PAYMENT TO TRUSTEE	

(246,970)	
(251,311)	
BALANCE	$	34,271	$	40,662	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(17,135)	(20,331)	
DISCOUNTS FOR EARLY PAYMENTS	(17,135)	(20,331)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		84,110	85,589	
ON-ROLL ASSESSMENTS - ADMIN		136,967	150,191	
ON-ROLL ASSESSMENTS - MAINT		34,635	50,478	
ON-ROLL ASSESSMENTS - TIM		69,291	158,839	
STORMWATER		18,872	19,658	
OTHER INCOME		14,440	14,440	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	358,316	$	479,196	
EXPENDITURES - ADMIN				
AUDIT		8,387	8,760	
DISSEMINATION AGENT		722	0	
DISTRICT COUNSEL		12,034	12,034	
MANAGEMENT		36,101	37,184	
ASSESSMENT ROLL		2,407	2,407	
DUES, LICENSES & FEES		463	463	
ENGINEERING		16,847	22,864	
GENERAL INSURANCE		32,888	37,822	
WEB SITE MAINTENANCE		1,986	1,986	
LEGAL ADVERTISING		481	481	
MISCELLANEOUS		481	481	
TRAVEL AND PER DIEM		96	96	
OFFICE SUPPLIES		1,203	1,203	
POSTAGE & SHIPPING		120	120	
COPIES		722	722	
SUPERVISOR FEES		14,440	14,440	
TRUSTEE SERVICES		4,332	4,332	
OFFICE RENT		6,017	6,498	
CONTINUING DISCLOSURE FEE		722	722	
TOTAL ADMIN EXPENSES		140,450	152,616	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	4,875	5,504	
LAKE BANK MAINTENANCE & RESTORATION	0	12,188	
TIM OPERATIONS	63,747	146,132	
BUILDING, BRIDGE, MONUMENT MAINTENAN	157	157	
MAINTENANCE RESERVES	1,573	1,573	
COMMUNITY AREA MAINTENANCE	2,202	2,516	
DEVELOPMENT COORDINATOR	510	525	
ELECTRIC	1,730	1,730	
ENGINEERING	2,044	2,202	
FIELD MANAGEMENT	3,888	4,004	
FOUNTAIN MAINTENANCE & CHEMICALS	79	79	
LANDSCAPING MAINTENANCE & MATERIALS	16,297	17,409	
IRRIGATION	2,626	2,642	
IRRIGATION PARTS & REPAIRS	1,179	1,258	
SIDEWALK CLEANING	472	472	
SIDEWALK REPAIR	944	944	
SIGNAGE	157	157	
STREETLIGHTS	944	944	
STORMWATER MANAGEMENT	7,915	8,650	
TREE/PLANT REPLACEMENT & TRIM	3,145	3,145	
TOTAL MAINTENANCE EXPENSES	114,484	212,230	

$	254,934		
Total Expenditures		$	364,847	
			
EXCESS / (SHORTFALL)	$	103,382	$	114,349	

PAYMENT TO TRUSTEE	

(77,381)	
(78,742)	
BALANCE	$	26,000	$	35,608	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(13,000)	(17,804)	
DISCOUNTS FOR EARLY PAYMENTS	(13,000)	(17,804)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2024/2025	2025/2026	
		ANNUAL BUDGET			PROPOSED BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		11,889	12,098	
ON-ROLL ASSESSMENTS - ADMIN		4,006	4,393	
ON-ROLL ASSESSMENTS - MAINT		4,896	7,135	
ON-ROLL ASSESSMENTS - TIM		2,027	4,646	
STORMWATER		2,667	2,779	
OTHER INCOME		422	422	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	25,907	$	31,473	
EXPENDITURES - ADMIN				
AUDIT		245	256	
DISSEMINATION AGENT		21	0	
DISTRICT COUNSEL		352	352	
MANAGEMENT		1,056	1,088	
ASSESSMENT ROLL		70	70	
DUES, LICENSES & FEES		14	14	
ENGINEERING		493	669	
GENERAL INSURANCE		962	1,106	
WEB SITE MAINTENANCE		58	58	
LEGAL ADVERTISING		14	14	
MISCELLANEOUS		14	14	
TRAVEL AND PER DIEM		3	3	
OFFICE SUPPLIES		35	35	
POSTAGE & SHIPPING		4	4	
COPIES		21	21	
SUPERVISOR FEES		422	422	
TRUSTEE SERVICES		127	127	
OFFICE RENT		176	190	
CONTINUING DISCLOSURE FEE		21	21	
TOTAL ADMIN EXPENSES		4,108	4,464	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	689	778	
LAKE BANK MAINTENANCE & RESTORATION	0	1,723	
TIM OPERATIONS	1,865	4,274	
BUILDING, BRIDGE, MONUMENT MAINTENAN	22	22	
MAINTENANCE RESERVES	222	222	
COMMUNITY AREA MAINTENANCE	311	356	
DEVELOPMENT COORDINATOR	72	74	
ELECTRIC	245	245	
ENGINEERING	289	311	
FIELD MANAGEMENT	549	566	
FOUNTAIN MAINTENANCE & CHEMICALS	11	11	
LANDSCAPING MAINTENANCE & MATERIALS	2,304	2,461	
IRRIGATION	371	373	
IRRIGATION PARTS & REPAIRS	167	178	
SIDEWALK CLEANING	67	67	
SIDEWALK REPAIR	133	133	
SIGNAGE	22	22	
STREETLIGHTS	133	133	
STORMWATER MANAGEMENT	1,119	1,223	
TREE/PLANT REPLACEMENT & TRIM	445	445	
TOTAL MAINTENANCE EXPENSES	9,036	13,617	

$	13,144		
Total Expenditures		$	18,081	
			
EXCESS / (SHORTFALL)	$	12,763	$	13,392	

PAYMENT TO TRUSTEE	

(10,938)	
(11,130)	
BALANCE	$	1,825	$	2,262	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(913)	(1,131)	
DISCOUNTS FOR EARLY PAYMENTS	(913)	(1,131)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

PROPOSED ASSESSMENT ALLOCATION FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

FISCAL YEAR	FISCAL YEAR
2024/2025	2025/2026

CDD 1	Assessments		Proposed Assessments	
Single Family	$	405.16		$	562.50	
Multi-Family	$	202.58		$	281.25	
Commercial Sq. Ft	$	0.1621		$	0.2250	
CDD 2				
Single Family	$	405.16		$	562.50	
Multi-Family	$	202.58		$	281.25	
Commercial Sq. Ft	$	0.1621		$	0.2250	
CDD 3				
Single Family	$	358.34		$	455.16	
Multi-Family	$	179.17		$	227.58	
Commercial Sq. Ft	$	0.1433		$	0.1821	
CDD 4				
Single Family	$	358.34		$	455.16	
Multi-Family	$	179.17		$	227.58	
Commercial Sq. Ft	$	0.1433		$	0.1821	
CDD 5				
Single Family	$	358.34		$	455.16	
Multi-Family	$	179.17		$	227.58	
Commercial Sq. Ft	$	0.1433		$	0.1821	
CDD 6				
Single Family	$	358.34		$	455.16	
Multi-Family	$	179.17		$	227.58	
Commercial Sq. Ft	$	0.1433		$	0.1821	
CDD 7				
Single Family	$	405.16		$	562.50	
Multi-Family	$	202.58		$	281.25	
Commercial Sq. Ft	$	0.1621		$	0.2250	
CDD 8				
Single Family	$	405.16		$	562.50	
Multi-Family	$	202.58		$	281.25	
Commercial Sq. Ft	$	0.1621		$	0.2250	
CDD 9				
Single Family	$	405.16		$	562.50	
Multi-Family	$	202.58		$	281.25	
Commercial Sq. Ft	$	0.1621		$	0.2250	
CDD 10				
Single Family	$	405.16		$	562.50	
Multi-Family	$	202.58		$	281.25	
Commercial Sq. Ft	$	0.1621		$	0.2250	
CDD 11				
Single Family	$	405.16		$	562.50	
Multi-Family	$	202.58		$	281.25	
Commercial Sq. Ft	$	0.1621		$	0.2250	

FISCAL YEAR 2025/2026 PROPOSED BUDGET
REVENUES
Interest Income	0

Net Debt Collections		4,036,102	
Total Revenues	$	4,036,102	

EXPENDITURES			

Principal Payments		2,535,000	
Interest Payments		1,246,556	
Miscellaneous / Extra Redemption		254,546	
Total Expenditures	$	4,036,102	
			
Excess / (Shortfall)	$	-	

	Series 2014 Bond Information	

Original Par Amount =	$53,170,000	Annual Principal Payments Due =	May 1st	
Average Interest Rate =	3.71%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2014			
Maturity Date =	May 2035			

	ASSESSMENTS		
Single Family - Per Unit	658.68	Budgeted	
Multi-Family - Per Unit	360.05	Budgeted	
Commercial- Per Square Foot	0.43656	Budgeted	

Single Family - Per Unit	
715.89	
Grossed Up - Per Methodology	
Multi-Family - Per Unit	391.31	Grossed Up - Per Methodology	
Commercial- Per Square Foot	0.4745	Page 29
Grossed Up - Per Methodology		

Interest Income		0	
Net Debt Collections		970,855	
Total Revenues	$	970,855	

EXPENDITURES			

Principal Payments		400,000	
Interest Payments		570,855	
Miscellaneous / Extra Redemption		0	
Total Expenditures	$	970,855	
			
Excess / (Shortfall)	$	-	

	Series 2021 Bond Information	

Original Par Amount =	$17,755,000	Annual Principal Payments Due =	May 1st	
Average Interest Rate =
Issue Date =	3.09%
July 2021	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2052			

Capitalized Interest		962,739	
Net Debt Collections		0	
Total Revenues	$	962,739	

EXPENDITURES			

Principal Payments (Begin May 2027)		0	
Interest Payments		962,739	
Miscellaneous / Extra Redemption		0	
Total Expenditures	$	962,739	
			
Excess / (Shortfall)	$	0	

	Series 2025 Bond Information	

Original Par Amount =	$16,595,000	Annual Principal Payments Due =	May 1st	
Avarege Interest Rate =
Issue Date =	5.56%
March 2025	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2056			

REVENUES
SERVICE CHARGE - IRRIGATION ENGINEERING REVENUE FEES
Total Revenues

EXPENSES
FIELD OPERATIONS TRUSTEE SERVICES MANAGEMENT ENGINEERING
PROFESSIONAL SERVICES, OTHER DEVELOPMENT COORDINATOR CITY FRANCHISE FEE
TRAVEL AND PER DIEM TELEPHONE
POSTAGE AND SHIPPING BANK FEES
BAD DEBT OFFICE SUPPLIES
FIELD SUPPLIES (OTHER) DUES, LICENSES, FEES VEHICLE, GAS, & REPAIR ELECTRIC
WATER
OTHER UTILITIES GENERAL INSURANCE
GENERAL REPAIR & MAINTENANCE LANDSCAPING MAINTENANCE & MATERIAL HVAC
RENEWAL AND REPLACEMENT
OTHER SYSTEM IMPROVEMENTS OPERATING RESERVES/MISC CONTINGENCY

Total Expenses

EXCESS / (SHORTFALL) PAYMENT TO TRUSTEE BALANCE

NET INCOME

 COMMENTS	

Projected

No Change No Change
CPI Adjustment per contract Increase for FY25 actuals No Change
CPI Adjustment per contract 6% of Gross Receipts
No Change No Change No Change No Change
3% of Gross Receipts No Change
No Change No Change No Change
5% Increase estimate No Change
No Change
15% Increase estimate
15% Increase estimate No Change
No Change No Change
25% Increase estimate
25% Increase estimate

FISCAL YEAR	
FISCAL YEAR		
2024/2025	2025/2026		
ANNUAL BUDGET	PROPOSED BUDGET		

1,890,000	
2,000,000		
17,338	35,000		
$	1,907,338		$	2,035,000		

0	
0		
5,000	5,000		
389,076	400,749		
40,000	50,000		
5,000	5,000		
64,821	66,765		
165,000	120,000		
400	400		
1,930	1,930		
253	253		
1,250	1,250		
65,000	60,000		
250	250		
2,000	2,000		
2,300	2,300		
1,000	1,000		
105,000	110,250		
170	170		
1,550	1,550		
21,102	24,267		
215,000	247,250		
11,000	11,000		
4,500	4,500		
250,000	250,000		
100,000	125,000		
80,000	100,000		
7,411	76,091		
$	1,539,013	$	1,666,975		
				
$	368,325		$	368,025		

(368,325)	
(368,025)		
$	0		$	(0)		
				
$	-		$	-		

	FISCAL YEAR 2025/2026
PROPOSED BUDGET	

REVENUES				
Transfer from Operating Fund			368,025	
Total Revenues		$	368,025	

EXPENDITURES				
Principal Payments			135,000	
Interest Payments			233,025	
Total Expenditures		$	368,025	
				
Excess / (Shortfall)		$	-	

	Series 2017 Bond Information	
Original Par Amount =	$6,095,000
Issue Date =	Oct 2017
Maturity Date =	Oct 2047