Century Park South Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

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

I

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

II

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

Series 2020 Bond Information

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

$4,505,000 3.00% - 4.00%
February 2020
May 2050

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/2025 =

$3,905,000

III

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

$	-

$	-

Century Park South Community Development District Assessment Comparison

Fiscal Year 2022/2023
Assessment
 Before Discount* 

Fiscal Year 2023/2024
Assessment
 Before Discount* 

Fiscal Year 2024/2025
Assessment
  Before Discount* 

Fiscal Year 2025/2026
Projected Assessment
	Before Discount*	

$
$
$

284.02
97.76
-

$
$
$

297.56
84.00
238.63

$
$
$

297.35
84.00
238.63

$
$
$

297.13
84.00
238.63

Administrative For Townhome Units Maintenance For Townhome Units
West Parcel Maintenance For Townhome Units Debt For Townhome Units
Total For Townhome Units

$	1,125.41

 $	1,125.41

$	1,125.41

$	1,125.41

$

1,507.19

$

1,745.60

$

1,745.39

$

1,745.17

$
$

284.02
97.76

$
$

297.56
84.00

$
$

297.35
84.00

$
$

297.13
84.00

Administrative For Condominium Units
Maintenance For Condominium Units Debt For Condominium Units
Total For Condominium Units

$	869.06

 $	869.06

$	869.06

$	869.06

$

1,250.84

$

1,250.62

$

1,250.41

$

1,250.19

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

O&M Covenant = 360.00
360.00/.94 = 382.98

Covenant was in effect for first three Fiscal Years
Of The District

 Community Information:	

Townhome Units (West Parcel) Condominium Units (East Parcel) Total Units

107
156
263

IV