Terracina Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL 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 FINAL 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 FINAL 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
1% County Property Appraiser Fee

Total Units	460	
Prepayments	1	
Billed for Debt	459	

5/3/2024 7:51 AM		

 Community Information:	

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