Terracina Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M ASSESSMENTS	171,024	
DEBT ASSESSMENTS	314,087	
OTHER REVENUES	0	
INTEREST INCOME	1,200	
		
TOTAL REVENUES	$	486,311	
		
EXPENDITURES		
SUPERVISOR FEES	7,000	
PAYROLL TAXES - EMPLOYER	560	
AQUATIC LAKE MAINTENANCE	23,000	
FOUNTAIN MAINTENANCE	18,000	
ENGINEERING/INSPECTIONS	5,500	
MANAGEMENT	39,228	
SECRETARIAL	4,200	
LEGAL	3,500	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,600	
INSURANCE	7,800	
LEGAL ADVERTISING	1,350	
MISCELLANEOUS	950	
POSTAGE	250	
OFFICE SUPPLIES	600	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,900	
CONTINUING DISCLOSURE FEE	350	
WEBSITE MANAGEMENT	2,000	
CONTINGENCY/FOUNTAINS	32,000	
		
TOTAL EXPENDITURES	$	161,963	
		
REVENUES LESS EXPENDITURES	$	324,348	
		
BOND PAYMENTS	(295,242)	
		
BALANCE	$	29,106	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(9,702)	
DISCOUNT FOR EARLY PAYMENTS	(19,404)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS / (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O & M ASSESSMENTS	171,261	171,041	171,024	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS	313,039	314,087	314,087	Bond Payment /.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	10,302	480	1,200	Projected At $100 Per Month	
					
TOTAL REVENUES	$	494,602	$	485,608	$	486,311		
					
EXPENDITURES					
SUPERVISOR FEES	4,800	7,000	7,000	No Change From 2024/2025 Budget	
PAYROLL TAXES - EMPLOYER	367	560	560	Supervisor Fees * 8.00%	
AQUATIC LAKE MAINTENANCE	20,940	23,000	23,000	No Change From 2024/2025 Budget	
FOUNTAIN MAINTENANCE	13,423	18,000	18,000	No Change From 2024/2025 Budget	
ENGINEERING/INSPECTIONS	2,302	6,000	5,500	$500 Decrease From 2024/2025 Budget	
MANAGEMENT	37,020	38,124	39,228	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	2,894	7,000	3,500	$3,500 Decrease From 2024/2025 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	No Change From 2024/2025 Budget	
AUDIT FEES	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
INSURANCE	6,925	7,500	7,800	Fiscal Year 2024/2025 Expenditure Was $7,202	
LEGAL ADVERTISING	631	1,400	1,350	$50 Decrease From 2024/2025 Budget	
MISCELLANEOUS	537	1,000	950	$50 Decrease From 2024/2025 Budget	
POSTAGE	101	250	250	No Change From 2024/2025 Budget	
OFFICE SUPPLIES	393	600	600	No Change From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
TRUSTEE FEES	3,500	4,000	3,900	$100 Decrease From 2024/2025 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2024/2025 Budget	
CONTINGENCY/FOUNTAINS	15,250	28,600	32,000	Contingency	
					
TOTAL EXPENDITURES	$	127,208	$	161,259	$	161,963		
					
REVENUES LESS EXPENDITURES	$	367,394	$	324,349	$	324,348		
					
BOND PAYMENTS	(298,676)	(295,242)	(295,242)	2026 Principal & Interest Payments	
					
BALANCE	$	68,718	$	29,107	$	29,106		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,636)	(9,702)	(9,702)	Two Percent Of Total Assessment Roll	
DISCOUNT FOR EARLY PAYMENTS	(17,635)	(19,405)	(19,404)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	48,447	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0	Carryover From Prior Year	
					
NET EXCESS / (SHORTFALL)	$	48,447	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
5,890	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
298,676	
295,242	
295,242	
Maximum Debt Service Collection	

Total Revenues	
$	304,566	
$	295,642	
$	296,242		

EXPENDITURES					

Principal Payments	
241,000	
247,000	
253,000	
Principal Payment Due In 2026	

Interest Payments	
56,165	
47,599	
41,724	
Interest Payments Due In 2026	

Bond Redemption	
0	
1,043	
1,518	
Estimated Excess Debt Collections	

Total Expenditures	
$	297,165	
$	295,642	
$	296,242		

Excess/ (Shortfall)	
$	7,401	
$	-	
$	-		

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 1/1/25 =	May 2032

$2,149,000			

Terracina Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
 Assessment* 	 Assessment* 		Assessment*		  Projected Assessment*		

O & M	
$	372.67	
$	372.50	
$	371.83	
$	
371.80	
	Debt		 $	684.29 	 $	684.29 	 $	684.29 	 $	684.29 	
Total	$	1,056.96	$	1,056.79	$	1,056.12	$	1,056.09	

* 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	

2/25/2025 1:10 PM		

 Community Information:	

IV