Century Park South Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	78,144	
Maintenance Assessments	47,622	
Debt Assessments	255,996	
Developer Contribution	0	
Interest Income	960	
TOTAL REVENUES	$	382,722	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	3,000	
Payroll Taxes	230	
Management	31,440	
Legal	16,000	
Assessment Roll	6,500	
Audit Fees	4,000	
Insurance	7,000	
Legal Advertisements	2,500	
Miscellaneous	800	
Postage	275	
Office Supplies	575	
Dues & Subscriptions	175	
Trustee Fees	4,050	
Continuing Disclosure Fee	1,000	
Website Management & ADA Compliance	1,500	
Administrative Contingency	600	
Total Administrative Expenditures	$	79,645	
		
Maintenance Expenditures		
Engineering/Inspections	3,100	
Miscellaneous Maintenance	7,665	
Infrastructure Maintenance	10,000	
Stormwater Management - West Parcel	10,000	
Roadways - West Parcel	10,000	
Sidewalks - West Parcel	4,000	
Total Maintenance Expenditures	$	44,765	
		
TOTAL EXPENDITURES	$	124,410	
		
REVENUES LESS EXPENDITURES	$	258,312	
		
Bond Payments	(240,636)	
		
BALANCE	$	17,676	
		
County Appraiser & Tax Collector Fee	(7,635)	
Discounts For Early Payments	(15,271)	
		
EXCESS/ (SHORTFALL)	$	(5,230)	
		
CARRYOVER FROM PRIOR YEAR	5,230	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
Administrative Assessments	79,499	78,201	78,144	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	47,622	47,622	47,622	Expenditures/.94	
Debt Assessments	255,996	255,996	255,996	Bond Payments/.94	
Developer Contribution	0	0	0		
Interest Income	8,539	480	960	Interest Projected At $80 Per Month	
TOTAL REVENUES	$	391,656	$	382,299	$	382,722		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	3,000		
Payroll Taxes	0	0	230	Supervisor Fees * 7.65%	
Management	29,676	30,564	31,440	CPI Adjustment	
Legal	10,441	17,000	16,000	$1,000 Decrease From 2024/2025 Budget	
Assessment Roll	6,500	6,500	6,500	As Per Contract	
Audit Fees	3,800	3,900	4,000	$100 Increase From 2024/2025 Budget	
Insurance	6,280	7,000	7,000	Fiscal Year 2024/2025 Expenditure Was $6,531	
Legal Advertisements	1,758	2,200	2,500	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	219	900	800	$100 Decrease From 2024/2025 Budget	
Postage	151	275	275	No Change From 2024/2025 Budget	
Office Supplies	296	625	575	$50 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	4,031	4,050	4,050	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	500	1,000	1,000	No Change From 2024/2025 Budget	
Website Management & ADA Compliance	1,500	1,500	1,500	No Change From 2024/2025 Budget	
Administrative Contingency	0	600	600	No Change From 2024/2025 Budget	
Total Administrative Expenditures	$	65,327	$	76,289	$	79,645		
					
Maintenance Expenditures					
Engineering/Inspections	1,754	3,100	3,100	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	0	7,665	7,665	No Change From 2024/2025 Budget	
Infrastructure Maintenance	0	10,000	10,000	No Change From 2024/2025 Budget	
Stormwater Management - West Parcel	0	10,000	10,000	No Change From 2024/2025 Budget	
Roadways - West Parcel	0	10,000	10,000	No Change From 2024/2025 Budget	
Sidewalks - West Parcel	0	4,000	4,000	No Change From 2024/2025 Budget	
Total Maintenance Expenditures	$	1,754	$	44,765	$	44,765		
					
TOTAL EXPENDITURES	$	67,081	$	121,054	$	124,410		
					
REVENUES LESS EXPENDITURES	$	324,575	$	261,245	$	258,312		
					
Bond Payments	(244,158)	(240,636)	(240,636)	2026 Principal & Interest Payments	
					
BALANCE	$	80,417	$	20,609	$	17,676		
					
County Appraiser & Tax Collector Fee	(3,687)	(7,636)	(7,635)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(13,980)	(15,273)	(15,271)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	62,750	$	(2,300)	$	(5,230)		
					
CARRYOVER FROM PRIOR YEAR	0	2,300	5,230	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	62,750	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
20,034	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
244,158	
240,636	
240,636	
Maximum Debt Service Collection	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	264,192	
$	241,036	
$	241,636		

EXPENDITURES					

Principal Payments	
90,000	
90,000	
95,000	
Principal Payments Due In 2026	

Interest Payments	
151,044	
146,994	
144,041	
Interest Payments Due In 2026	

Bond Redemption	
0	
4,042	
2,595	
Estimated Excess Debt Collections	

Total Expenditures	
$	241,044	
$	241,036	
$	241,636		

Excess/ (Shortfall)	
$	23,148	
$	-	
$	-		

Series 2020 Bond Information
Original Par Amount =	$4,505,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.00% - 4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	February 2020			
Maturity Date =

Par Amount As Of 1/1/2025 =	May 2050

$3,905,000			

Century Park South Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
 Before Discount* 	 Before Discount* 	 Before Discount* 		Before Discount*		

Administrative For Townhome Units	
$	284.02	
$	297.56	
$	297.35	
$	
297.13	
Maintenance For Townhome Units	$	97.76	$	84.00	$	84.00	$	84.00	
West Parcel Maintenance For Townhome Units	$	-	$	238.63	$	238.63	$	238.63	
Debt For Townhome Units	$	1,125.41	 $	1,125.41	 $	1,125.41	$	1,125.41	
Total For Townhome Units	$	1,507.19	$	1,745.60	$	1,745.39	$	1,745.17	

Administrative For Condominium Units	$	284.02	$	297.56	$	297.35	$	297.13	
Maintenance For Condominium Units	$	97.76	$	84.00	$	84.00	$	84.00	
Debt For Condominium Units	$	869.06	 $	869.06	 $	869.06	$	869.06	
Total For Condominium Units	$	1,250.84	$	1,250.62	$	1,250.41	$	1,250.19	

* Assessments Include the Following :		O&M Covenant = 360.00
4% Discount for Early Payments	360.00/.94 = 382.98
1% County Tax Collector Fee
1% County Property Appraiser Fee	Covenant was in effect for first three Fiscal Years Of The District
 Community Information:		 Townhome Units (West Parcel)	107
Condominium Units (East Parcel)	156
Total Units	263

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