Title: T Final Budget 2023-2024.xlsx
Author: JWalker

Terracina Community Development District

Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES | FISCAL YEAR 2023/2024 BUDGET
O & M ASSESSMENTS | 171,346
DEBT ASSESSMENTS | 314,087
OTHER REVENUES | 0
INTEREST INCOME | 240
TOTAL REVENUES | $	485,673
EXPENDITURES |
SUPERVISOR FEES | 7,000
PAYROLL TAXES - EMPLOYER | 560
AQUATIC LAKE MAINTENANCE | 25,000
FOUNTAIN MAINTENANCE | 15,000
ENGINEERING/INSPECTIONS | 6,000
MANAGEMENT | 37,020
SECRETARIAL | 4,200
LEGAL | 5,000
ASSESSMENT ROLL | 8,000
AUDIT FEES | 4,325
INSURANCE | 7,000
LEGAL ADVERTISING | 1,400
MISCELLANEOUS | 1,050
POSTAGE | 275
OFFICE SUPPLIES | 600
DUES & SUBSCRIPTIONS | 175
TRUSTEE FEES | 4,250
CONTINUING DISCLOSURE FEE | 350
WEBSITE MANAGEMENT | 2,000
CONTINGENCY/FOUNTAINS | 32,100
TOTAL EXPENDITURES | $	161,305
REVENUES LESS EXPENDITURES | $	324,368
BOND PAYMENTS | (295,242)
BALANCE | $	29,126
COUNTY APPRAISER & TAX COLLECTOR FEE | (9,709)
DISCOUNT FOR EARLY PAYMENTS | (19,417)
EXCESS/ (SHORTFALL) | $	-
CARRYOVER FROM PRIOR YEAR | 0
NET EXCESS / (SHORTFALL) | $	-

DETAILED FINAL BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES

FISCAL YEAR 2021/2022
ACTUAL

FISCAL YEAR 2022/2023
BUDGET

FISCAL YEAR 2023/2024
BUDGET

COMMENTS

O & M ASSESSMENTS | 171,279 | 171,428 | 171,346 | Expenditures Less Interest & Carryover/.94
DEBT ASSESSMENTS | 313,651 | 314,087 | 314,087 | Bond Payment /.94
OTHER REVENUES | 0 | 0 | 0 |
INTEREST INCOME | 152 | 120 | 240 | Projected At $20 Per Month
TOTAL REVENUES | $	485,082 | $	485,635 | $	485,673 |
EXPENDITURES | | | |
SUPERVISOR FEES | 5,800 | 7,000 | 7,000 | No Change From 2022/2023 Budget
PAYROLL TAXES - EMPLOYER | 444 | 560 | 560 | Supervisor Fees * 8.00%
AQUATIC LAKE MAINTENANCE | 20,890 | 25,000 | 25,000 | No Change From 2022/2023 Budget
FOUNTAIN MAINTENANCE | 8,503 | 15,000 | 15,000 | No Change From 2022/2023 Budget
ENGINEERING/INSPECTIONS | 13,633 | 6,000 | 6,000 | No Change From 2022/2023 Budget
MANAGEMENT | 34,908 | 35,952 | 37,020 | CPI Adjustment (Capped At 3%)
SECRETARIAL | 4,200 | 4,200 | 4,200 | No Change From 2022/2023 Budget
LEGAL | 4,759 | 5,000 | 5,000 | No Change From 2022/2023 Budget
ASSESSMENT ROLL | 8,000 | 8,000 | 8,000 | No Change From 2022/2023 Budget
AUDIT FEES | 4,225 | 4,225 | 4,325 | $100 Increase From 2022/2023 Budget
INSURANCE | 5,992 | 6,400 | 7,000 | Fiscal Year 2022/2023 Expenditure Was $6,442
LEGAL ADVERTISING | 884 | 1,500 | 1,400 | $100 Decrease From 2022/2023 Budget
MISCELLANEOUS | 746 | 1,100 | 1,050 | $50 Decrease From 2022/2023 Budget
POSTAGE | 92 | 300 | 275 | $25 Decrease From 2022/2023 Budget
OFFICE SUPPLIES | 692 | 600 | 600 | No Change From 2022/2023 Budget
DUES & SUBSCRIPTIONS | 175 | 175 | 175 | No Change From 2022/2023 Budget
TRUSTEE FEES | 3,500 | 4,500 | 4,250 | $250 Decrease From 2022/2023 Budget
CONTINUING DISCLOSURE FEE | 350 | 350 | 350 | No Change From 2022/2023 Budget
WEBSITE MANAGEMENT | 2,000 | 2,000 | 2,000 | No Change From 2022/2023 Budget
CONTINGENCY/FOUNTAINS | 0 | 33,400 | 32,100 | Contingency
TOTAL EXPENDITURES | $	119,793 | $	161,262 | $	161,305 |
REVENUES LESS EXPENDITURES | $	365,289 | $	324,373 | $	324,368 |
BOND PAYMENTS | (299,025) | (295,242) | (295,242) | 2024 Principal & Interest Payments
BALANCE | $	66,264 | $	29,131 | $	29,126 |
COUNTY APPRAISER & TAX COLLECTOR FEE | (2,839) | (9,710) | (9,709) | Two Percent Of Total Assessment Roll
DISCOUNT FOR EARLY PAYMENTS | (18,009) | (19,421) | (19,417) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	45,416 | $	- | $	- |
CARRYOVER FROM PRIOR YEAR | 0 | 0 | 0 | Carryover From Prior Year
NET EXCESS / (SHORTFALL) | $	45,416 | $	- | $	- |

DETAILED FINAL DEBT SERVICE FUND BUDGET TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES | FISCAL YEAR 2021/2022 ACTUAL | FISCAL YEAR 2022/2023 BUDGET | FISCAL YEAR 2023/2024 BUDGET | COMMENTS
Interest Income | 289 | 25 | 100 | Projected Interest For 2023/2024
NAV Tax Collection | 299,025 | 295,242 | 295,242 | Maximum Debt Service Collection
Total Revenues | $	299,314 | $	295,267 | $	295,342 |
EXPENDITURES | | | |
Principal Payments | 230,000 | 236,000 | 241,000 | Principal Payment Due In 2024
Interest Payments | 56,116 | 58,938 | 53,333 | Interest Payments Due In 2024
Bond Redemption | 0 | 329 | 1,009 | Estimated Excess Debt Collections
Total Expenditures | $	286,116 | $	295,267 | $	295,342 |
Excess/ (Shortfall) | $	13,198 | $	- | $	- |

Series 2021 Bond Refunding Information

Original Par Amount = | $2,856,000 | Annual Principal Payments Due = | May 1st
Interest Rate = | 2.350% | Annual Interest Payments Due = | May 1st & November 1st
Issue Date = | June 2021 | |

Maturity Date =

Par Amount As Of 1/1/23 =

May 2032

$2,626,000

Terracina Community Development District Assessment Comparison

Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
2020/2021 | 2021/2022 | 2022/2023 | 2023/2024
Assessment* | Assessment* | Assessment* | Projected Assessment*
O & M | $	285.95 | $	372.80 | $	372.67 | $ | 372.50
Debt | $	727.99 | $	684.29 | $	684.29 | $	684.29
Total | $	1,013.94 | $	1,057.09 | $	1,056.96 | $	1,056.79

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

Total Units | 460
Prepayments | 1
Billed for Debt | 459

1% County Property Appraiser Fee Community Information:	

6/29/2023 12:58 PM	^IV

6/29/2023 12:58 PM