Title: T Proposed Budget 2024-2025.xlsx
Author: JWalker

Terracina Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES | FISCAL YEAR 2024/2025 BUDGET
O & M ASSESSMENTS | 171,041
DEBT ASSESSMENTS | 314,087
OTHER REVENUES | 0
INTEREST INCOME | 480
TOTAL REVENUES | $	485,608
EXPENDITURES |
SUPERVISOR FEES | 7,000
PAYROLL TAXES - EMPLOYER | 560
AQUATIC LAKE MAINTENANCE | 23,000
FOUNTAIN MAINTENANCE | 18,000
ENGINEERING/INSPECTIONS | 6,000
MANAGEMENT | 38,124
SECRETARIAL | 4,200
LEGAL | 7,000
ASSESSMENT ROLL | 8,000
AUDIT FEES | 3,500
INSURANCE | 7,500
LEGAL ADVERTISING | 1,400
MISCELLANEOUS | 1,000
POSTAGE | 250
OFFICE SUPPLIES | 600
DUES & SUBSCRIPTIONS | 175
TRUSTEE FEES | 4,000
CONTINUING DISCLOSURE FEE | 350
WEBSITE MANAGEMENT | 2,000
CONTINGENCY/FOUNTAINS | 28,600
TOTAL EXPENDITURES | $	161,259
REVENUES LESS EXPENDITURES | $	324,349
BOND PAYMENTS | (295,242)
BALANCE | $	29,107
COUNTY APPRAISER & TAX COLLECTOR FEE | (9,702)
DISCOUNT FOR EARLY PAYMENTS | (19,405)
EXCESS/ (SHORTFALL) | $	-
CARRYOVER FROM PRIOR YEAR | 0
NET EXCESS / (SHORTFALL) | $	-

DETAILED PROPOSED BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES

FISCAL YEAR 2022/2023
ACTUAL

FISCAL YEAR 2023/2024
BUDGET

FISCAL YEAR 2024/2025
BUDGET

COMMENTS

O & M ASSESSMENTS | 171,453 | 171,346 | 171,041 | Expenditures Less Interest & Carryover/.94
DEBT ASSESSMENTS | 313,602 | 314,087 | 314,087 | Bond Payment /.94
OTHER REVENUES | 0 | 0 | 0 |
INTEREST INCOME | 5,964 | 240 | 480 | Projected At $40 Per Month
TOTAL REVENUES | $	491,019 | $	485,673 | $	485,608 |
EXPENDITURES | | | |
SUPERVISOR FEES | 5,400 | 7,000 | 7,000 | No Change From 2023/2024 Budget
PAYROLL TAXES - EMPLOYER | 413 | 560 | 560 | Supervisor Fees * 8.00%
AQUATIC LAKE MAINTENANCE | 20,940 | 25,000 | 23,000 | $2,000 Decrease From 2023/2024 Budget
FOUNTAIN MAINTENANCE | 21,655 | 15,000 | 18,000 | $3,000 Increase From 2023/2024 Budget
ENGINEERING/INSPECTIONS | 5,312 | 6,000 | 6,000 | No Change From 2023/2024 Budget
MANAGEMENT | 35,952 | 37,020 | 38,124 | CPI Adjustment (Capped At 3%)
SECRETARIAL | 4,200 | 4,200 | 4,200 | No Change From 2023/2024 Budget
LEGAL | 7,453 | 5,000 | 7,000 | $2,000 Increase From 2023/2024 Budget
ASSESSMENT ROLL | 8,000 | 8,000 | 8,000 | No Change From 2023/2024 Budget
AUDIT FEES | 4,225 | 4,325 | 3,500 | Accepted Amount For 2023/2024 Audit
INSURANCE | 6,442 | 7,000 | 7,500 | Fiscal Year 2023/2024 Expenditure Was $6,925
LEGAL ADVERTISING | 1,153 | 1,400 | 1,400 | No Change From 2023/2024 Budget
MISCELLANEOUS | 469 | 1,050 | 1,000 | $50 Decrease From 2023/2024 Budget
POSTAGE | 98 | 275 | 250 | $25 Decrease From 2023/2024 Budget
OFFICE SUPPLIES | 612 | 600 | 600 | No Change From 2023/2024 Budget
DUES & SUBSCRIPTIONS | 175 | 175 | 175 | No Change From 2023/2024 Budget
TRUSTEE FEES | 3,500 | 4,250 | 4,000 | $250 Decrease From 2023/2024 Budget
CONTINUING DISCLOSURE FEE | 350 | 350 | 350 | No Change From 2023/2024 Budget
WEBSITE MANAGEMENT | 2,000 | 2,000 | 2,000 | No Change From 2023/2024 Budget
CONTINGENCY/FOUNTAINS | 11,900 | 32,100 | 28,600 | Contingency
TOTAL EXPENDITURES | $	140,249 | $	161,305 | $	161,259 |
REVENUES LESS EXPENDITURES | $	350,770 | $	324,368 | $	324,349 |
BOND PAYMENTS | (298,958) | (295,242) | (295,242) | 2025 Principal & Interest Payments
BALANCE | $	51,812 | $	29,126 | $	29,107 |
COUNTY APPRAISER & TAX COLLECTOR FEE | (3,100) | (9,709) | (9,702) | Two Percent Of Total Assessment Roll
DISCOUNT FOR EARLY PAYMENTS | (18,036) | (19,417) | (19,405) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	30,676 | $	- | $	- |
CARRYOVER FROM PRIOR YEAR | 0 | 0 | 0 | Carryover From Prior Year
NET EXCESS / (SHORTFALL) | $	30,676 | $	- | $	- |

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES | FISCAL YEAR 2022/2023 ACTUAL | FISCAL YEAR 2023/2024 BUDGET | FISCAL YEAR 2024/2025 BUDGET | COMMENTS
Interest Income | 5,326 | 100 | 400 | Projected Interest For 2024/2025
NAV Tax Collection | 298,958 | 295,242 | 295,242 | Maximum Debt Service Collection
Total Revenues | $	304,284 | $	295,342 | $	295,642 |
EXPENDITURES | | | |
Principal Payments | 236,000 | 241,000 | 247,000 | Principal Payment Due In 2025
Interest Payments | 61,711 | 53,333 | 47,599 | Interest Payments Due In 2025
Bond Redemption | 0 | 1,009 | 1,043 | Estimated Excess Debt Collections
Total Expenditures | $	297,711 | $	295,342 | $	295,642 |
Excess/ (Shortfall) | $	6,573 | $	- | $	- |

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 1/1/24 =

May 2032

$2,390,000

Terracina Community Development District Assessment Comparison

Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
2021/2022 | 2022/2023 | 2023/2024 | 2024/2025
Assessment* | Assessment* | Assessment* | Projected Assessment*
O & M | $	372.80 | $	372.67 | $	372.50 | $ | 371.83
Debt | $	684.29 | $	684.29 | $	684.29 | $	684.29
Total | $	1,057.09 | $	1,056.96 | $	1,056.79 | $	1,056.12

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

Total Units | 460
Prepayments | 1
Billed for Debt | 459
2/5/2024 12:21 PM |

1% County Property Appraiser Fee Community Information:	

IV

2/5/2024 12:21 PM