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

Antillia
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
ANTILLIA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES

FISCAL YEAR 2024/2025
BUDGET

Administrative Assessments | 109,627
Maintenance Assessments | 95,745
Developer Contribution | 0
Debt Assessments | 838,511
Interest Income | 240
TOTAL REVENUES | $	1,044,123
EXPENDITURES |
Administrative Expenditures |
Supervisor Fees | 1,000
Payroll Taxes | 0
Management | 40,164
Legal | 30,000
Assessment Roll | 6,000
Audit Fees | 4,300
Arbitrage Rebate Fee | 650
Insurance | 6,000
Legal Advertisements | 3,500
Miscellaneous | 1,000
Postage | 500
Office Supplies | 2,000
Dues & Subscriptions | 175
Website Management & ADA Compliance | 2,500
Trustee Fees | 4,500
Continuing Disclosure Fee | 1,000
Appraisal Fee | 0
Total Administrative Expenditures | $	103,289
Maintenance Expenditures |
Engineering/Inspections | 10,000
Perimeter Landscaping | 20,000
Lake Maintenance | 8,000
Environmental Engineering Consulting/Inspection Services | 20,000
Field Operations | 12,000
Miscellaneous Maintenance | 20,000
Total Maintenance Expenditures | $	90,000
TOTAL EXPENDITURES | $	193,289
REVENUES LESS EXPENDITURES | $	850,834
Bond Payments | (788,200)
BALANCE | $	62,634
County Appraiser & Tax Collector Fee | (20,878)
Discounts For Early Payments | (41,756)
EXCESS/ (SHORTFALL) | $	-

Notes:
563 Units (Townhomes/Villas) Planned For District.

If District Was On Assessment Roll, Annual Operations & Maintenance (O&M) Assessment Would Be $364.79 Per Unit.

Restricted Covenant O&M Amount Is $904.26 Per Unit.

Current Estimate Of Annual Debt Assessment Is $1,489.36 Per Unit.

DETAILED PROPOSED BUDGET
ANTILLIA 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
Administrative Assessments | 0 | 0 | 109,627 | Expenditures Less Interest/.94
Maintenance Assessments | 0 | 0 | 95,745 | Expenditures/.94
Developer Contribution | 81,783 | 187,385 | 0 | Developer Contribution
Debt Assessments | 0 | 0 | 838,511 | Bond Payments/.94
Interest Income | 155 | 240 | 240 | Interest Projected At $20 Per Month
TOTAL REVENUES | $	81,938 | $	187,625 | $	1,044,123 |
EXPENDITURES | | | |
Administrative Expenditures | | | |
Supervisor Fees | 400 | 1,000 | 1,000 | Supervisor Fees
Payroll Taxes | 30 | 0 | 0 | Projected At 8% Of Supervisor Fees
Management | 35,750 | 39,000 | 40,164 | CPI Adjustment (Capped At 3%)
Legal | 19,790 | 30,000 | 30,000 | No Change From 2023/2024 Budget
Assessment Roll | 0 | 6,000 | 6,000 | As Per Contract
Audit Fees | 0 | 4,000 | 4,300 | Audit Fees
Arbitrage Rebate Fee | 0 | 650 | 650 | Commences One Year After Bond Issue
Insurance | 4,287 | 6,000 | 6,000 | Insurance Estimate
Legal Advertisements | 3,615 | 1,500 | 3,500 | Costs Will Increase Due To Closing Of The Miami Business Review
Miscellaneous | 576 | 1,000 | 1,000 | No Change From 2023/2024 Budget
Postage | 624 | 200 | 500 | Mailings May Be Required
Office Supplies | 1,875 | 1,000 | 2,000 | $1,000 Increase From 2023/2024 Budget
Dues & Subscriptions | 175 | 175 | 175 | Annual Fee Due Department Of Economic Opportunity
Website Management & ADA Compliance | 2,292 | 2,500 | 2,500 | $208.33 X 12 Months
Trustee Fees | 0 | 4,500 | 4,500 | Commences One Year After Bond Issue
Continuing Disclosure Fee | 0 | 100 | 1,000 | Commences One Year After Bond Issue
Appraisal Fee | 3,350 | 0 | 0 | Fiscal Year 2022/2023 Expenditure
Total Administrative Expenditures | $	72,764 | $	97,625 | $	103,289 |
Maintenance Expenditures | | | |
Engineering/Inspections | 0 | 10,000 | 10,000 | No Change From 2023/2024 Budget
Perimeter Landscaping | 0 | 20,000 | 20,000 | No Change From 2023/2024 Budget
Lake Maintenance | 0 | 8,000 | 8,000 | No Change From 2023/2024 Budget
Environmental Engineering Consulting/Inspection Services | 0 | 20,000 | 20,000 | No Change From 2023/2024 Budget
Field Operations | 0 | 12,000 | 12,000 | Field Operations (If Applicable)
Miscellaneous Maintenance | 0 | 20,000 | 20,000 | No Change From 2023/2024 Budget
Total Maintenance Expenditures | $	- | $	90,000 | $	90,000 |
TOTAL EXPENDITURES | $	72,764 | $	187,625 | $	193,289 |
REVENUES LESS EXPENDITURES | $	9,174 | $	- | $	850,834 |
Bond Payments | 0 | 0 | (788,200) | 2025 Principal & Interest Payments
BALANCE | $	9,174 | $	- | $	62,634 |
County Appraiser & Tax Collector Fee | 0 | 0 | (20,878) | Two Percent Of Total Assessment Roll
Discounts For Early Payments | 0 | 0 | (41,756) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	9,174 | $	- | $	- |

Notes:
563 Units (Townhomes/Villas) Planned For District.

If District Was On Assessment Roll, Annual Operations & Maintenance (O&M) Assessment Would Be $364.79 Per Unit.

Restricted Covenant O&M Amount Is $904.26 Per Unit.

Current Estimate Of Annual Debt Assessment Is $1,489.36 Per Unit.

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
ANTILLIA 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 | 0 | 0 | 100 | Projected Interest For 2024/2025
NAV Tax Collection | 0 | 0 | 788,200 | Maximum Debt Service Collection
Total Revenues | $	- | $	- | $	788,300 |
EXPENDITURES | | | |
Principal Payments | 0 | 0 | 100,000 | Principal Payments Due In 2025
Interest Payments | 0 | 0 | 688,200 | Interest Payments Due In 2025
Bond Redemption | 0 | 0 | 100 | Estimated Excess Debt Collections
Total Expenditures | $	- | $	- | $	788,300 |
Excess/ (Shortfall) | $	- | $	- | $	- |

All Amounts Are Estimated - Based On Current Supplemental Methodologies Number

Estimated Series 2024 Bond Information
Original Par Amount = | $11,025,000 | Annual Principal Payments Due = | May 1st
Interest Rate = | 5.85% | Annual Interest Payments Due = | May 1st & November 1st
Issue Date = | June 2024 | |

Maturity Date =

Par Amount As Of 3/1/2024 =

May 2055

$11,025,000

Antillia Community Development District Assessment Comparison

Original | Fiscal Year | Fiscal Year
Projected | 2023/2024 | 2024/2025
Assessment* | Assessment* | Projected Assessment*
Administrative | $	- | $	-	$	194.72
Maintenance | $	- | $	-	$	170.07
Debt | $	1,489.36 | $	-		$	1,589.36
Total | $	1,489.36 | $	-	$	1,954.15

All Amounts Are Estimated - Based On Current Supplemental Methodologies Number. Debt Assessments Are $100 Higher Than Current Supplemental Methodologies Numbers. Will Be Adjusted Upon Bond Issue.

* Assessments Include the Following :		O&M Covenant = 904.26 4% Discount for Early Payments		 850.00/.94 = 904.26
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:	       Total Units563
(Townhomes/Villas)

3/15/2024 3:37 PM	^IV

3/15/2024 3:37 PM