Terracina Community Development District

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

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

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

I

6/10/2026 2:03 PM

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O & M ASSESSMENTS

410,339

DEBT ASSESSMENTS

313,404

OTHER REVENUES

0

INTEREST INCOME

1,320

TOTAL REVENUES

$	725,063

EXPENDITURES

SUPERVISOR FEES

6,000

PAYROLL TAXES - EMPLOYER

480

AQUATIC LAKE MAINTENANCE

23,000

FOUNTAIN MAINTENANCE

18,000

ENGINEERING/INSPECTIONS

5,500

MANAGEMENT

40,284

SECRETARIAL

4,200

LEGAL

3,500

ASSESSMENT ROLL

8,000

AUDIT FEES

3,700

INSURANCE

8,200

LEGAL ADVERTISING

1,350

MISCELLANEOUS

900

POSTAGE

225

OFFICE SUPPLIES

575

DUES & SUBSCRIPTIONS

175

TRUSTEE FEES

3,900

CONTINUING DISCLOSURE FEE

350

WEBSITE MANAGEMENT

2,000

CONTINGENCY/FOUNTAINS

31,700

LAKE RESTORATION

225,000

TOTAL EXPENDITURES

$	387,039

REVENUES LESS EXPENDITURES

$	338,024

BOND PAYMENTS

(294,600)

BALANCE

$	43,424

COUNTY APPRAISER & TAX COLLECTOR FEE

(14,474)

DISCOUNT FOR EARLY PAYMENTS

(28,950)

EXCESS/ (SHORTFALL)

$	-

CARRYOVER FROM PRIOR YEAR

0

NET EXCESS / (SHORTFALL)

$	-

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

II

6/10/2026 2:03 PM

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O & M ASSESSMENTS

171,594

171,024

410,339

Expenditures Less Interest & Carryover/.94

DEBT ASSESSMENTS

314,408

314,087

313,404

Bond Payment /.94

OTHER REVENUES

0

0

0

INTEREST INCOME

8,352

1,200

1,320

Projected At $110 Per Month

TOTAL REVENUES

$	494,354

$	486,311

$	725,063

EXPENDITURES

SUPERVISOR FEES

3,200

7,000

6,000

No Change From 2025/2026 Budget

PAYROLL TAXES - EMPLOYER

245

560

480

Supervisor Fees * 8.00%

AQUATIC LAKE MAINTENANCE

21,399

23,000

23,000

No Change From 2025/2026 Budget

FOUNTAIN MAINTENANCE

17,756

18,000

18,000

No Change From 2025/2026 Budget

ENGINEERING/INSPECTIONS

5,500

5,500

5,500

No Change From 2025/2026 Budget

MANAGEMENT

38,124

39,228

40,284

CPI Adjustment

SECRETARIAL

4,200

4,200

4,200

No Change From 2025/2026 Budget

LEGAL

1,230

3,500

3,500

No Change From 2025/2026 Budget

ASSESSMENT ROLL

8,000

8,000

8,000

No Change From 2025/2026 Budget

AUDIT FEES

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

INSURANCE

7,202

7,800

8,200

Fiscal Year 2025/2026 Expenditure Was $7,634

LEGAL ADVERTISING

1,302

1,350

1,350

No Change From 2025/2026 Budget

MISCELLANEOUS

502

950

900

$50 Decrease From 2025/2026 Budget

POSTAGE

53

250

225

$25 Decrease From 2025/2026 Budget

OFFICE SUPPLIES

402

600

575

$25 Decrease From 2025/2026 Budget

DUES & SUBSCRIPTIONS

175

175

175

No Change From 2025/2026 Budget

TRUSTEE FEES

3,500

3,900

3,900

No Change From 2025/2026 Budget

CONTINUING DISCLOSURE FEE

350

350

350

No Change From 2025/2026 Budget

WEBSITE MANAGEMENT

2,000

2,000

2,000

No Change From 2025/2026 Budget

CONTINGENCY/FOUNTAINS

0

32,000

31,700

Contingency

LAKE RESTORATION

0

0

225,000

Lake Restoration

TOTAL EXPENDITURES

$	118,640

$	161,963

$	387,039

REVENUES LESS EXPENDITURES

$	375,714

$	324,348

$	338,024

BOND PAYMENTS

(299,974)

(295,242)

(294,600)

2027 Principal & Interest Payments

BALANCE

$	75,740

$	29,106

$	43,424

COUNTY APPRAISER & TAX COLLECTOR FEE

(2,539)

(9,702)

(14,474)

Two Percent Of Total Assessment Roll

DISCOUNT FOR EARLY PAYMENTS

(17,727)

(19,404)

(28,950)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	55,474

$	-

$	-

CARRYOVER FROM PRIOR YEAR

0

0

0

Carryover From Prior Year

NET EXCESS / (SHORTFALL)

$	55,474

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2021 Bond Refunding Information

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

$2,856,000 2.350%
June 2021
May 2032

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$1,902,000

III

6/10/2026 2:03 PM

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

5,811

1,000

1,250

Projected Interest For 2026/2027

NAV Tax Collection

299,974

295,242

294,600

Maximum Debt Service Collection

Prepaid Bond Collection

4,144

0

0

Total Revenues

$	309,929

$	296,242

$	295,850

EXPENDITURES

Principal Payments

247,000

253,000

259,000

Principal Payment Due In 2027

Interest Payments

50,502

41,724

35,208

Interest Payments Due In 2027

Bond Redemption

0

1,518

1,642

Estimated Excess Debt Collections

Total Expenditures

$	297,502

$	296,242

$	295,850

Excess/ (Shortfall)

$	12,427

$	-

$	-

Terracina Community Development District Assessment Comparison

Fiscal Year 2023/2024
 Assessment* 

Fiscal Year 2024/2025
 Assessment* 

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
  Projected Assessment* 

O & M
	Debt	 Total

$

372.50

$

371.83

$

371.80

$

892.05

 $	684.29 

 $	684.29 

 $	684.29 

 $	684.29 

$

1,056.79

$

1,056.12

$

1,056.09

$

1,576.34

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

 Community Information:	

Total Units Prepayments Billed for Debt

460
2
458

IV

6/10/2026 2:03 PM