Antillia
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
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	15,000	
Miscellaneous Maintenance	17,000	
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 FINAL 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	15,000	Field Operations	
Miscellaneous Maintenance	0	20,000	17,000	$3,000 Decrease 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 FINAL 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)

IV