Century Gardens Community Development District

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

CONTENTS

TABLE OF CONTENTS

Budget Summary

Proposed Budget

I

Detailed Proposed Budget

II

Debt Service

Proposed Series 2007 Debt Service Fund Budget

III

Proposed Series 2014/2024 Debt Service Fund Budget

IV

Proposed Series 2019 Debt Service Fund Budget

V

Assessment Comparison

Assessment Comparison

VI

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

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

83,514

Maintenance Assessments

76,463

Debt Assessments (Series 2007)

81,002

Debt Assessments (Series 2014-2024)

203,164

Debt Assessments (Series 2019)

117,273

Other Revenues

0

Interest Income

1,320

TOTAL REVENUES

$562,736

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

3,900

Insurance

7,400

Legal Advertisements

3,000

Miscellaneous

1,050

Postage

250

Office Supplies

650

Dues & Subscriptions

175

Trustee Fees

11,800

Continuing Disclosure Fee

500

Website Management

2,000

TOTAL ADMINISTRATIVE EXPENDITURES

$82,173

MAINTENANCE EXPENDITURES

Lawn/Landscape Maintenance

36,000

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 

2,000

Total Improvements

8,115

TOTAL MAINTENANCE EXPENDITURES

$71,875

TOTAL EXPENDITURES

$154,048

REVENUES LESS EXPENDITURES

$408,688

Payment To Trustee (Series 2007)

(76,385)

Payment To Trustee (Series 2014-2024)

(190,975)

Payment To Trustee (Series 2019)

(111,350)

BALANCE

$29,978

County Appraiser & Tax Collector Fee

(10,776)

Discounts For Early Payments

(21,552)

EXCESS/ (SHORTFALL)

($2,350)

Carryover From Prior Year

2,350

NET EXCESS/ (SHORTFALL)

-

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

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR ACTUAL 2025/2026
AS OF 1/31/2025

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

Administrative Assessments

87,581

76,270

84,173

83,514

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

73,702

68,786

75,824

76,463

Expenditures/.94

Debt Assessments (Series 2007)

81,002

73,470

81,002

81,002

Bond Payments/.94

Debt Assessments (Series 2014-2024)

203,165

184,260

203,164

203,164

Bond Payments/.94

Debt Assessments (Series 2019)

117,273

106,361

117,273

117,273

Bond Payments/.94

Other Revenues

0

0

0

0

Interest Income

11,180

495

1,200

1,320

Projected At $110 Per Month

TOTAL REVENUES

$573,903

$509,642

$562,636

$562,736

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

1,800

1,000

5,000

5,000

Supervisor Fees

Payroll Taxes

213

77

400

400

Projected At 8% Of Supervisor Fees

Management

28,848

9,616

28,848

28,848

No Change From 2025/2026 Budget

Secretarial

4,200

1,400

4,200

4,200

No Change From 2025/2026 Budget

Legal

8,143

2,660

9,000

9,000

No Change From 2025/2026 Budget

Assessment Roll

4,000

0

4,000

4,000

No Change From 2025/2026 Budget

Audit Fees

3,700

0

3,800

3,900

Accepted Amount For 2025/2026 Audit

Insurance

6,874

6,908

7,400

7,400

Fiscal Year 2025/2026 Expenditure Was $6,908

Legal Advertisements

1,302

1,109

3,500

3,000

$500 Decrease From 2025/2026 Budget

Miscellaneous

789

234

1,075

1,050

$25 Decrease From 2025/2026 Budget

Postage

460

71

250

250

No Change From 2025/2026 Budget

Office Supplies

447

257

675

650

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

11,778

4,246

11,800

11,800

No Change From 2025/2026 Budget

Continuing Disclosure Fee

500

0

500

500

No Change From 2025/2026 Budget

Website Management

2,000

667

2,000

2,000

No Change From 2025/2026 Budget

TOTAL ADMINISTRATIVE EXPENDITURES

$75,229

$28,420

$82,623

$82,173

MAINTENANCE EXPENDITURES

Lawn/Landscape Maintenance

47,084

13,533

35,000

36,000

$1,000 Increase From 2025/2026 Budget

Aquatic Lake Maintenance

4,961

1,624

5,200

5,200

No Change From 2025/2026 Budget

Preserve Area

0

0

1,000

1,000

No Change From 2025/2026 Budget

Irrigation Maintenance

2,982

1,035

3,500

3,500

No Change From 2025/2026 Budget

Miscellaneous Maintenance

6,907

4,647

5,760

5,760

No Change From 2025/2026 Budget

Electricity

2,208

234

3,300

3,300

No Change From 2025/2026 Budget

Engineering/Inspections

2,201

0

2,000

2,000

No Change From 2025/2026 Budget

Field Operations Management

1,500

500

1,500

1,500

No Change From 2025/2026 Budget

Palms Treatment - Maintenance/Replacement

0

0

3,500

3,500

No Change From 2025/2026 Budget

Pressure Cleaning

0

0

2,000

2,000

No Change From 2025/2026 Budget

Improvements - Landscape/Forestry

0

0

6,115

6,115

No Change From 2025/2026 Budget

Improvements - Reserve Contingency

0

0

2,400

2,000

Reserve Contingency

Total Improvements

0

0

8,515

8,115

TOTAL MAINTENANCE EXPENDITURES

$67,843

$21,573

$71,275

$71,875

TOTAL EXPENDITURES

$143,072

$49,993

$153,898

$154,048

REVENUES LESS EXPENDITURES

$430,831

$459,649

$408,738

$408,688

Payment To Trustee (Series 2007)

(77,206)

(69,824)

(76,385)

(76,385)

2027 Principal & Interest Payments

Payment To Trustee (Series 2014-2024)

(193,647)

(175,117)

(190,975)

(190,975)

2027 Principal & Interest Payments

Payment To Trustee (Series 2019)

(111,778)

(101,083)

(111,350)

(111,350)

2027 Principal & Interest Payments

BALANCE

$48,200

$113,625

$30,028

$29,978

County Appraiser & Tax Collector Fee

(5,411)

(4,888)

(10,776)

(10,776)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(20,900)

(20,377)

(21,552)

(21,552)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$21,889

$88,360

($2,300)

($2,350)

Carryover From Prior Year

0

0

2,300

2,350

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$21,889

$88,360

-

-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2007) BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2007 Bond Information

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

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

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$665,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

4,368

1,000

1,200

Projected Interest For 2026/2027

NAV Tax Collection

77,206

76,385

76,385

Maximum Debt Service Collection

Total Revenues

$81,574

$77,385

$77,585

EXPENDITURES

Principal Payments

40,000

40,000

45,000

Principal Payment Due In 2027

Interest Payments

35,603

32,573

30,426

Interest Payments Due In 2027

Bond Redemption

0

4,812

2,159

Estimated Excess Debt Collections

Total Expenditures

$75,603

$77,385

$77,585

Excess/ (Shortfall)

$5,971

$0

$0

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2014-2024) BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2014 Refunding Bond Information

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

$3,905,000 3.4% - 8.4%
June 2014
May 2034

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

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26

$0

2014 Bond Was Refinanced On 6/6/24

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

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26

$1,382,000

IV

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

3,032

1,000

1,200

Projected Interest For 2026/2027

NAV Tax Collection

193,647

190,975

190,975

Maximum Debt Service Collection

Total Revenues

$196,679

$191,975

$192,175

EXPENDITURES

Principal Payments

118,000

125,000

131,000

Principal Payment Due In 2027

Interest Payments

67,708

65,975

59,575

Interest Payments Due In 2027

Bond Redemption

0

1,000

1,600

Estimated Excess Debt Collections

Total Expenditures

$185,708

$191,975

$192,175

Excess/ (Shortfall)

$10,971

$0

$0

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2019) BUDGET
CENTURY GARDENS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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

November 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$1,542,000

V

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

4,418

1,000

1,200

Projected Interest For 2026/2027

NAV Tax Collection

111,778

111,350

111,350

Maximum Debt Service Collection

Total Revenues

$116,196

$112,350

$112,550

EXPENDITURES

Principal Payments

34,000

36,000

34,000

Principal Payment Due In 2027

Interest Payments

76,669

74,541

76,669

Interest Payments Due In 2027

Bond Redemption

0

1,809

1,881

Estimated Excess Debt Collections

Total Expenditures

$110,669

$112,350

$112,550

Excess/ (Shortfall)

$5,527

$0

$0

Century Gardens Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment

Fiscal Year 2024/2025
Assessment

Fiscal Year 2025/2026
Assessment
	Before Discount*	

Fiscal Year 2026/2027
Projected Assessment
	Before Discount*	

	Before Discount*	Before Discount*	

Administrative
Maintenance Series 2014/2024 Debt

$177.31
$151.34
$1,055.05

$177.28
$151.34
$615.65

$172.85
$155.70
$615.65

$171.50
$157.02
$615.65

Total For Original Units

$1,383.70

$944.27

$944.20

$944.17

Administrative

$177.31

$177.28

$172.85

$171.50

Maintenance Series 2007 Debt 

$151.34
$1,140.87

$151.34
$1,140.87

$155.70
$1,140.87

$157.02
$1,140.87

Total For Expansion Units

$1,469.52

$1,469.49

$1,469.42

$1,469.39

Administrative
Maintenance Series 2019 Debt 

$177.31
$151.34
$1,363.64

$177.28
$151.34
$1,363.64

$172.85
$155.70
$1,363.64

$171.50
$157.02
$1,363.64

Total For Lennar Expansion Units

$1,692.29

$1,692.26

$1,692.19

$1,692.16

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

Community Information:

Original Units Expansion Units
Lennar Expansion Units
Total Units

330
71
86
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