Century Park South Community Development District

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

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

78,090

Maintenance Assessments

47,622

Debt Assessments

255,996

Interest Income

1,080

TOTAL REVENUES

$	382,788

EXPENDITURES

Administrative Expenditures

Supervisor Fees

3,000

Payroll Taxes

230

Management

32,280

Legal

15,000

Assessment Roll

6,500

Audit Fees

4,100

Insurance

7,900

Legal Advertisements

3,500

Miscellaneous

750

Postage

275

Office Supplies

575

Dues & Subscriptions

175

Trustee Fees

4,050

Continuing Disclosure Fee

500

Website Management & ADA Compliance

1,500

Administrative Contingency

600

Total Administrative Expenditures

$	80,935

Maintenance Expenditures

Engineering/Inspections

4,100

Miscellaneous Maintenance

6,665

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

$	125,700

REVENUES LESS EXPENDITURES

$	257,088

Bond Payments

(240,636)

BALANCE

$	16,452

County Appraiser & Tax Collector Fee

(7,634)

Discounts For Early Payments

(15,268)

EXCESS/ (SHORTFALL)

$	(6,450)

CARRYOVER FROM PRIOR YEAR

6,450

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
CENTURY PARK SOUTH 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

79,076

78,144

78,090

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

47,625

47,622

47,622

Expenditures/.94

Debt Assessments

255,992

255,996

255,996

Bond Payments/.94

Interest Income

8,515

960

1,080

Interest Projected At $900 Per Month

TOTAL REVENUES

$	391,208

$	382,722

$	382,788

EXPENDITURES

Administrative Expenditures

Supervisor Fees

400

3,000

3,000

Payroll Taxes

121

230

230

Supervisor Fees * 7.65%

Management

30,564

31,440

32,280

CPI Adjustment

Legal

9,395

16,000

15,000

$1,000 Decrease From 2025/2026 Budget

Assessment Roll

6,500

6,500

6,500

As Per Contract

Audit Fees

3,900

4,000

4,100

$100 Increase From 2025/2026 Budget

Insurance

6,531

7,000

7,900

Fiscal Year 2025/2026 Expenditure Was $7,423

Legal Advertisements

5,144

2,500

3,500

Costs Have Increased Due To Closing Of The Miami Business Review

Miscellaneous

405

800

750

$50 Decrease From 2025/2026 Budget

Postage

527

275

275

No Change From 2025/2026 Budget

Office Supplies

540

575

575

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

4,031

4,050

4,050

No Change From 2025/2026 Budget

Continuing Disclosure Fee

500

1,000

500

$500 Decrease From 2025/2026 Budget

Website Management & ADA Compliance

1,500

1,500

1,500

No Change From 2025/2026 Budget

Administrative Contingency

0

600

600

No Change From 2025/2026 Budget

Total Administrative Expenditures

$	70,233

$	79,645

$	80,935

Maintenance Expenditures

Engineering/Inspections

3,123

3,100

4,100

$1,000 Increase From 2025/2026 Budget

Miscellaneous Maintenance

0

7,665

6,665

$1,000 Decrease From 2025/2026 Budget

Infrastructure Maintenance

0

10,000

10,000

No Change From 2025/2026 Budget

Stormwater Management - West Parcel

0

10,000

10,000

No Change From 2025/2026 Budget

Roadways - West Parcel

0

10,000

10,000

No Change From 2025/2026 Budget

Sidewalks - West Parcel

0

4,000

4,000

No Change From 2025/2026 Budget

Total Maintenance Expenditures

$	3,123

$	44,765

$	44,765

TOTAL EXPENDITURES

$	73,356

$	124,410

$	125,700

REVENUES LESS EXPENDITURES

$	317,852

$	258,312

$	257,088

Bond Payments

(243,931)

(240,636)

(240,636)

2027 Principal & Interest Payments

BALANCE

$	73,921

$	17,676

$	16,452

County Appraiser & Tax Collector Fee

(3,679)

(7,635)

(7,634)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(14,314)

(15,271)

(15,268)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	55,928

$	(5,230)

$	(6,450)

CARRYOVER FROM PRIOR YEAR

0

5,230

6,450

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	55,928

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CENTURY PARK SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/2026 =

$3,800,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

17,792

1,000

1,250

Projected Interest For 2026/2027

NAV Tax Collection

243,930

240,636

240,636

Maximum Debt Service Collection

Transfer From Capital Projects Fund

14,031

0

0

Total Revenues

$	275,753

$	241,636

$	241,886

EXPENDITURES

Principal Payments

90,000

95,000

100,000

Principal Payments Due In 2027

Interest Payments

148,483

144,041

140,194

Interest Payments Due In 2027

Bond Redemption

15,000

2,595

1,692

Estimated Excess Debt Collections

Total Expenditures

$	253,483

$	241,636

$	241,886

Excess/ (Shortfall)

$	22,270

$	-

$	-

Century Park South Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment
 Before Discount* 

Fiscal Year 2024/2025
Assessment
 Before Discount* 

Fiscal Year 2025/2026
Assessment
 Before Discount* 

Fiscal Year 2026/2027
Projected Assessment
	Before Discount*	

$
$
$

297.56
84.00
238.63

$
$
$

297.35
84.00
238.63

$
$
$

297.13
84.00
238.63

$
$
$

296.93
84.00
238.63

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

 $	1,125.41

 $	1,125.41

 $	1,125.41

 $	1,125.41

$

1,745.60

$

1,745.39

$

1,745.17

$

1,744.97

Total For Townhome Units

$
$

297.56
84.00

$
$

297.35
84.00

$
$

297.13
84.00

$
$

296.93
84.00

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

 $	869.06

 $	869.06

 $	869.06

 $	869.06

$

1,250.62

$

1,250.41

$

1,250.19

$

1,249.99

Total For Condominium Units

* 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