Century Parc 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 PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	59,169	
Maintenance Assessments	76,604	
Debt Assessments	351,984	
Other Revenues	0	
Interest Income	1,200	
TOTAL REVENUES	$	488,957	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Maintenance/Contingency - Drainage	22,000	
Maintenance/Contingency - Roads	45,000	
Engineering/Inspections	5,000	
TOTAL MAINTENANCE EXPENDITURES	$	72,000	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	6,000	
Payroll Taxes (Employer)	480	
Management	36,648	
Secretarial	4,200	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	7,400	
Legal Advertisements	2,600	
Miscellaneous	650	
Postage	300	
Office Supplies	550	
Dues & Subscriptions	175	
Trustee Fees	3,600	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	82,553	
		
TOTAL EXPENDITURES	$	154,553	
		
REVENUES LESS EXPENDITURES	$	334,404	
		
Bond Payments	(330,865)	
		
BALANCE	$	3,539	
		
County Appraiser & Tax Collector Fee	(9,760)	
Discounts For Early Payments	(19,519)	
		
Excess/ (Shortfall)	$	(25,740)	
		
Carryover From Prior Year	25,740	
		
Net Excess/ (Shortfall)	$	-	

I

DETAILED PROPOSED BUDGET
CENTURY PARC 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	76,292	75,190	59,169	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	60,602	60,602	76,604	Expenditures/.94	
Debt Assessments	351,984	351,984	351,984	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	36,121	840	1,200	Interest Estimated At $100 Per Month	
TOTAL REVENUES	$	524,999	$	488,616	$	488,957		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Maintenance/Contingency - Drainage	3,132	16,100	22,000	Maintenance/Contingency - Drainage	
Maintenance/Contingency - Roads	0	37,860	45,000	2031 Road Project - 6 Years From 2025	
Engineering/Inspections	2,320	3,000	5,000	$2,000 Increase From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	5,452	$	56,960	$	72,000		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	1,400	6,000	6,000	Supervisor Fees	
Payroll Taxes (Employer)	107	480	480	Projected At 8% Of Supervisor Fees	
Management	34,584	35,616	36,648	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	6,363	8,000	8,000	No Change From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,800	3,900	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,000	7,400	Fiscal Year 24/25 Expenditure Was $6,858	
Legal Advertisements	2,496	2,000	2,600	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	247	675	650	$25 Decrease From 2024/2025 Budget	
Postage	219	300	300	No Change From 2024/2025 Budget	
Office Supplies	188	575	550	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	3,400	3,600	3,600	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	72,123	$	80,871	$	82,553		
					
TOTAL EXPENDITURES	$	77,575	$	137,831	$	154,553		
					
REVENUES LESS EXPENDITURES	$	447,424	$	350,785	$	334,404		
					
Bond Payments	(335,611)	(330,865)	(330,865)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	111,813	$	19,920	$	3,539		
					
County Appraiser & Tax Collector Fee	(4,702)	(9,760)	(9,760)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(17,991)	(19,520)	(19,519)	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	89,120	$	(9,360)	$	(25,740)		
					
Carryover From Prior Year	0	9,360	25,740	Carryover From Prior Year	
					
Net Excess/ (Shortfall)	$	89,120	$	-	$	-		

II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CENTURY PARC 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	
24,396	
1,273	
1,860	
Projected Interest For 2025/2026	

NAV Tax Collection	
335,611	
330,865	
330,865	
2026 P & I Payments Less Earned Interest	

Total Revenues	
$	360,007	
$	332,138	
$	332,725		

EXPENDITURES					

Principal Payments	
225,000	
245,000	
255,000	
Principal Payment Due In 2026	

Interest Payments	
101,390	
87,138	
77,725	
Interest Payments Due In 2026	

Total Expenditures	
$	326,390	
$	332,138	
$	332,725		

Excess/ (Shortfall)	
$	33,617	
$	-	
$	-		

Series 2012 Refunding Bonds Information

Original Par Amount =	$4,305,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	1.5% - 4.25%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2012			
Maturity Date =

Par Amount As Of 1/1/2025 =	November 2031

$1,950,000			

III

Century Parc 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*	

Administrative	$	99.71	$	98.31	$	98.29	$	77.35	
Maintenance	$	77.83	$	79.22	$	79.22	$	100.14	
Debt	$	461.93	$	461.93	$	461.93	$	461.93	
Total For 691 Units	$	639.47	$	639.46	$	639.44	$	639.42	

Administrative	
$	99.71	
$	98.31	
$	98.29	
$	77.35	
Maintenance	$	77.83	$	79.22	$	79.22	$	100.14	
Debt	$	461.93	$	461.93	$	461.93	$	461.93	
Total For 74 Townhomes	$	639.47	$	639.46	$	639.44	$	639.42	

* Assessments Include the Following :			
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee			
Community Information:			
Condominiums	691		
Townhomes	74		
Total Units	765		
Townhomes Information			
Total Units	74		
Prepayments	3		
Billed For Debt	71		

IV