Century Gardens Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2007)

III

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019)

IV

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2024)

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
$1,600 Of Fund Balance Used To Reduce 2024/2025 Assessments.
$2,300 Of Fund Balance To Be Used To Reduce 2025/2026 Assessments.

I

10/1/2025 3:38 PM

$215,317

$4,310

$219,627

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Administrative Assessments

86,333

87,581

87,581

Maintenance Assessments

73,697

73,702

73,702

Debt Assessments (Series 2007)

81,002

81,002

81,002

Debt Assessments (Series 2014)

203,164

203,165

203,165

Debt Assessments (Series 2019)

117,273

117,273

117,273

Other Revenues

0

0

0

Interest Income

720

9,700

9,539

TOTAL REVENUES

$	562,189

$	572,423

$	572,262

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

1,800

1,800

Payroll Taxes

400

213

213

Management

28,848

28,848

28,848

Secretarial

4,200

4,200

4,200

Legal

9,000

9,000

7,643

Assessment Roll

6,000

4,000

4,000

Audit Fees

4,100

3,700

3,700

Insurance

7,400

6,874

6,874

Legal Advertisements

2,000

2,400

1,302

Miscellaneous

1,100

1,000

789

Postage

250

475

460

Office Supplies

700

500

447

Dues & Subscriptions

175

175

175

Trustee Fees

11,800

11,778

11,778

Continuing Disclosure Fee

500

500

500

Website Management

2,000

2,000

2,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	83,473

$	77,463

$	74,729

MAINTENANCE EXPENDITURES

Lawn/Landscape Maintenance

33,000

49,000

47,084

Aquatic Lake Maintenance

5,200

5,200

4,961

Preserve Area

1,000

500

0

Irrigation Maintenance

3,500

3,500

2,982

Miscellaneous Maintenance (Pump Repairs, Animal Removal, etc.)

5,760

9,000

6,907

Electricity

3,300

2,208

2,208

Engineering/Inspections

2,000

2,500

2,201

Field Operations Management

1,500

1,500

1,500

Palm Treatment - Maint./Replacement

3,500

1,750

0

Pressure Cleaning

2,000

1,000

0

Improvements - Landscape/Forestry

6,115

3,150

0

Improvements - Reserve Contingency

2,400

2,400

0

TOTAL MAINTENANCE EXPENDITURES

$	69,275

$	81,708

$	67,843

TOTAL EXPENDITURES

$	152,748

$	159,171

$	142,572

REVENUES LESS EXPENDITURES

$	409,441

$	413,252

$	429,690

Bond Payments (Series 2007)

(76,385)

(77,206)

(77,206)

Bond Payments (Series 2014)

(190,975)

(193,647)

(193,647)

Bond Payments (Series 2019)

(111,350)

(111,778)

(111,778)

BALANCE

$	30,731

$	30,621

$	47,059

County Appraiser & Tax Collector Fee

(10,777)

(5,411)

(5,411)

Discounts For Early Payments

(21,554)

(20,900)

(20,900)

Excess/ (Shortfall)

$	(1,600)

$	4,310

$	20,748

Carryover From Prior Year

1,600

1,600

0

Net Excess/ (Shortfall)

$	-

$	5,910

$	20,748

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2007)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

REVENUES

Interest Income

400

4,100

4,021

NAV Tax Collection

76,385

77,206

77,206

Total Revenues

$

76,785

$

81,306

$

81,227

EXPENDITURES

Principal Payments

40,000

40,000

40,000

Interest Payments

34,593

35,603

35,603

Bond Redemption

2,192

0

0

Total Expenditures

$

76,785

$

75,603

$

75,603

Excess/ (Shortfall)

$

-

$

5,703

$

5,625

Notes

Reserve Fund Balance = $38,306*.

Revenue Fund Balance = $60,073*.

Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $16,791.
* Approximate Amounts

Series 2007 Bond Information
Original Par Amount =

$1,145,000 5.05%
March 2007
May 2037
$665,000

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Interest Rate = Issue Date = Maturity Date =
Par Amount As Of 9/30/25 =

II

10/1/2025 3:38 PM

$92,676

$5,703

$98,379

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2019)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $27,837*. Revenue Fund Balance = $91,664*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Principal Payment Of $35,000 And Interest Payment Of $38,005 (Total Of $73,005).
* Approximate Amounts

	Series 2019 Bond Information	

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

$1,733,000 3.6% - 5.0%
January 2019
November 2049

Annual Principal Payments Due: November 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$1,577,000

III

10/1/2025 3:38 PM

$114,292

$5,209

$119,501

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

400

4,100

3,989

NAV Tax Collection

111,350

111,778

111,778

Total Revenues

$	111,750

$	115,878

$	115,767

EXPENDITURES

Principal Payments

35,000

34,000

34,000

Interest Payments

76,010

76,669

76,669

Bond Redemption

740

0

0

Total Expenditures

$	111,750

$	110,669

$	110,669

Excess/Shortfall

$	-

$	5,209

$	5,098

AMENDED FINAL BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2024)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Revenue Fund Balance = $53,129*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $34,550.

* Approximate Amounts

	Series 2024 Refunding Bond Information	

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

$1,500,000 5.00%
June 2024
May 2034

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$1,382,000

IV

10/1/2025 3:38 PM

$42,290

$10,839

$53,129

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

100

2,900

2,842

NAV Tax Collection

190,975

193,647

193,647

Total Revenues

$	191,075

$	196,547

$	196,489

EXPENDITURES

Principal Payments

118,000

118,000

118,000

Interest Payments

72,050

67,708

67,708

Extraordinary Principal Payments/Bond Redemption

1,025

0

0

Total Expenditures

$	191,075

$	185,708

$	185,708

Excess/Shortfall

$	-

$	10,839

$	10,781