Century Gardens Community Development District

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

CONTENTS

TABLE OF CONTENTS

Budget Summary

Final Budget	I
Detailed Final Budget	II
Debt Service
Final Series 2007 Debt Service Fund Budget	III
Final Series 2014/2024 Debt Service Fund Budget	IV
Final Series 2019 Debt Service Fund Budget	V
Assessment Comparison
Assessment Comparison	VI

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

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
Administrative Assessments	84,173	
Maintenance Assessments	75,824	
Debt Assessments (Series 2007)	81,002	
Debt Assessments (Series 2014-2024)	203,164	
Debt Assessments (Series 2019)	117,273	
Other Revenues	0	
Interest Income	1,200	
		
TOTAL REVENUES	$562,636	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes	400	
Management	28,848	
Secretarial	4,200	
Legal	9,000	
Assessment Roll	4,000	
Audit Fees	3,800	
Insurance	7,400	
Legal Advertisements	3,500	
Miscellaneous	1,075	
Postage	250	
Office Supplies	675	
Dues & Subscriptions	175	
Trustee Fees	11,800	
Continuing Disclosure Fee	500	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$82,623	
		
MAINTENANCE EXPENDITURES		
Lawn/Landscape Maintenance	35,000	
Aquatic Lake Maintenance	5,200	
Preserve Area	1,000	
Irrigation Maintenance	3,500	
Miscellaneous Maintenance	5,760	
Electricity	3,300	
Engineering/Inspections	2,000	
Field Operations Management	1,500	
Palms Treatment - Maintenance/Replacement	3,500	
Pressure Cleaning	2,000	
		
Improvements - Landscape/Forestry	6,115	
Improvements - Reserve Contingency	2,400	
Total Improvements	8,515	
		
TOTAL MAINTENANCE EXPENDITURES	$71,275	
		
TOTAL EXPENDITURES	$153,898	
		
REVENUES LESS EXPENDITURES	$408,738	
		
Payment To Trustee (Series 2007)	(76,385)	
Payment To Trustee (Series 2014-2024)	(190,975)	
Payment To Trustee (Series 2019)	(111,350)	
		
BALANCE	$30,028	
		
County Appraiser & Tax Collector Fee	(10,776)	
Discounts For Early Payments	(21,552)	
		
EXCESS/ (SHORTFALL)	($2,300)	
		
Carryover From Prior Year	2,300	
		
NET EXCESS/ (SHORTFALL)	-	

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

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR ACTUAL 2024/2025
AS OF 4/30/2025	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
Administrative Assessments	87,744	84,649	86,333	84,173	Expenditures Less Interest/.94	
Maintenance Assessments	73,697	71,805	73,697	75,824	Expenditures/.94	
Debt Assessments (Series 2007)	81,002	78,914	81,002	81,002	Bond Payments/.94	
Debt Assessments (Series 2014-2024)	348,166	197,859	203,164	203,164	Bond Payments/.94	
Debt Assessments (Series 2019)	117,273	114,242	117,273	117,273	Bond Payments/.94	
Other Revenues	0	0	0	0		
Interest Income	15,224	6,440	720	1,200	Projected At $100 Per Month	
						
TOTAL REVENUES	$723,106	$553,909	$562,189	$562,636		
						
EXPENDITURES						
ADMINISTRATIVE EXPENDITURES						
Supervisor Fees	3,200	1,200	5,000	5,000	Supervisor Fees	
Payroll Taxes	245	167	400	400	Projected At 8% Of Supervisor Fees	
Management	28,848	16,828	28,848	28,848	No Change From 2024/2025 Budget	
Secretarial	4,200	2,100	4,200	4,200	No Change From 2024/2025 Budget	
Legal	10,464	4,680	9,000	9,000	No Change From 2024/2025 Budget	
Assessment Roll	4,000	0	6,000	4,000	$2,000 Decrease From 2024/2025 Budget	
Audit Fees	4,000	0	4,100	3,800	Accepted Amount For 2024/2025 Audit	
Insurance	6,874	6,874	7,400	7,400	Fiscal Year 2023/2024 Expenditure Was $6,874	
Legal Advertisements	3,374	0	2,000	3,500	
Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	1,031	473	1,100	1,075	$25 Decrease From 2024/2025 Budget	
Postage	322	121	250	250	No Change From 2024/2025 Budget	
Office Supplies	434	284	700	675	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	11,731	7,531	11,800	11,800	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	500	0	500	500	No Change From 2024/2025 Budget	
Website Management	2,000	1,167	2,000	2,000	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$81,398	$41,600	$83,473	$82,623		
						
MAINTENANCE EXPENDITURES						
Lawn/Landscape Maintenance	39,666	30,317	33,000	35,000	$2,000 Increase From 2024/2025 Budget	
Aquatic Lake Maintenance	4,849	2,931	5,200	5,200	No Change From 2024/2025 Budget	
Preserve Area	0	0	1,000	1,000	No Change From 2024/2025 Budget	
Irrigation Maintenance	160	0	3,500	3,500	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	1,083	4,542	5,760	5,760	No Change From 2024/2025 Budget	
Electricity	2,490	1,677	3,300	3,300	No Change From 2024/2025 Budget	
Engineering/Inspections	1,505	0	2,000	2,000	No Change From 2024/2025 Budget	
Field Operations Management	1,500	875	1,500	1,500	No Change From 2024/2025 Budget	
Palms Treatment - Maintenance/Replacement	1,615	0	3,500	3,500	No Change From 2024/2025 Budget	
Pressure Cleaning	1,350	0	2,000	2,000	No Change From 2024/2025 Budget	
						
Improvements - Landscape/Forestry	0	0	6,115	6,115	No Change From 2024/2025 Budget	
Improvements - Reserve Contingency	0	0	2,400	2,400	Reserve Contingency	
Total Improvements	0	0	8,515	8,515		
						
TOTAL MAINTENANCE EXPENDITURES	$54,218	$40,342	$69,275	$71,275		
						
TOTAL EXPENDITURES	$135,616	$81,942	$152,748	$153,898		
						
REVENUES LESS EXPENDITURES	$587,490	$471,967	$409,441	$408,738		
						
Payment To Trustee (Series 2007)	(77,201)	(75,139)	(76,385)	(76,385)	2026 Principal & Interest Payments	
Payment To Trustee (Series 2014-2024)	(331,832)	(188,394)	(190,975)	(190,975)	2026 Principal & Interest Payments	
Payment To Trustee (Series 2019)	(111,771)	(108,777)	(111,350)	(111,350)	2026 Principal & Interest Payments	
						
BALANCE	$66,686	$99,657	$30,731	$30,028		
						
County Appraiser & Tax Collector Fee	(6,806)	(5,260)	(10,777)	(10,776)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(26,343)	(20,900)	(21,554)	(21,552)	Four Percent Of Total Assessment Roll	
						
EXCESS/ (SHORTFALL)	$33,537	$73,497	($1,600)	($2,300)		
						
Carryover From Prior Year	0	0	1,600	2,300	Carryover From Prior Year	
						
NET EXCESS/ (SHORTFALL)	$33,537	$73,497	-	-		

DETAILED FINAL DEBT SERVICE FUND (SERIES 2007) BUDGET
CENTURY GARDENS 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	
4,966	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
77,201	
76,385	
76,385	
Maximum Debt Service Collection	

Total Revenues	
$82,167	
$76,785	
$77,385		

EXPENDITURES					

Principal Payments	
40,000	
40,000	
40,000	
Principal Payment Due In 2026	

Interest Payments	
37,623	
34,593	
32,573	
Interest Payments Due In 2026	

Bond Redemption	
0	
2,192	
4,812	
Estimated Excess Debt Collections	

Total Expenditures	
$77,623	
$76,785	
$77,385		

Excess/ (Shortfall)	
$4,544	
$0	
$0		

Series 2007 Bond Information

Original Par Amount =	$1,145,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.05%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2007			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2037

$705,000			

DETAILED FINAL DEBT SERVICE FUND (SERIES 2014-2024) BUDGET
CENTURY GARDENS 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	
18,756	
100	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
331,832	
190,975	
190,975	
Maximum Debt Service Collection	

Total Revenues	
$350,588	
$191,075	
$191,975		

EXPENDITURES					

Principal Payments	
170,000	
118,000	
125,000	
Principal Payment Due In 2026	

Interest Payments	
79,151	
72,050	
65,975	
Interest Payments Due In 2026	

Additional Principal Payments	
55,000	
0	
0	
Additional Principal Payments	

Bond Redemption	
0	
1,025	
1,000	
Estimated Excess Debt Collections	

Total Expenditures	
$304,151	
$191,075	
$191,975		

Excess/ (Shortfall)	
$46,437	
$0	
$0		

Series 2014 Refunding Bond Information

Original Par Amount =	$3,905,000	Annual Principal Payments Due:	May 1st	
Interest Rate = Issue Date = Maturity Date =	3.4% - 8.4%
June 2014
May 2034	May 1st
Annual Interest Payments Due: May 1st & November 1st	May 1st & November 1st	
Par Amount As Of 1/1/25	$0	2014 Bond Was Refinanced On 6/6/24		

Series 2024 Refunding Bond Information	
Original Par Amount =	$1,500,000	Annual Principal Payments Due:	May 1st	
Interest Rate = Issue Date = Maturity Date =	5.00%
June 2024
May 2034	May 1st
Annual Interest Payments Due: May 1st & November 1st	May 1st & November 1st	
Par Amount As Of 1/1/25	$1,500,000			

DETAILED FINAL DEBT SERVICE FUND (SERIES 2019) BUDGET
CENTURY GARDENS 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	
5,057	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
111,771	
111,350	
111,350	
Maximum Debt Service Collection	

Total Revenues	
$116,828	
$111,750	
$112,350		

EXPENDITURES					

Principal Payments	
32,000	
35,000	
36,000	
Principal Payment Due In 2026	

Interest Payments	
77,948	
76,010	
74,541	
Interest Payments Due In 2026	

Bond Redemption	
0	
740	
1,809	
Estimated Excess Debt Collections	

Total Expenditures	
$109,948	
$111,750	
$112,350		

Excess/ (Shortfall)	
$6,880	
$0	
$0		

Series 2019 Bond Information

Original Par Amount =	$1,733,000	Annual Principal Payments Due:	November 1st	
Interest Rate =	3.6% - 5.0%	November 1st	May 1st & November 1st	
Issue Date =	January 2019	Annual Interest Payments Due:		
Maturity Date =

Par Amount As Of 1/1/25 =	November 2049

$1,577,000	May 1st & November 1st		

Century Gardens 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	$169.23	$177.31	$177.28	$172.85	
Maintenance	$159.54	$151.34	$151.34	$155.70	
Series 2014/2024 Debt	$1,055.05	$1,055.05	$615.65	$615.65	
Total For Original Units	$1,383.82	$1,383.70	$944.27	$944.20	
Administrative	$169.23	$177.31	$177.28	$172.85	
Maintenance	$159.54	$151.34	$151.34	$155.70	
Series 2007 Debt	$1,140.87	$1,140.87	$1,140.87	$1,140.87	
Total For Expansion Units	$1,469.64	$1,469.52	$1,469.49	$1,469.42	

Administrative	
$169.23	
$177.31	
$177.28	
$172.85	
Maintenance	$159.54	$151.34	$151.34	$155.70	
Series 2019 Debt	$1,363.64	$1,363.64	$1,363.64	$1,363.64	
Total For Lennar Expansion Units	$1,692.41	$1,692.29	$1,692.26	$1,692.19	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information:		
Original Units	330	
Expansion Units	71	
Lennar Expansion Units	86	
Total Units	487	

Note: There are 487 units in the Century Gardens Community Development District.
When the District was formed there were 330 units in the Century Gardens Community Development District. When the District was expanded, there were 71 units added to the District.
When the District was expanded for the Lennar Units, there were 86 units added to the District.
O&M Covenent Amount for Lennar Units for FY 20, 21 & 22 was $255.31 ($240.00 before discounts and fees).		

VI