Antillia
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
ANTILLIA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	109,558	
Maintenance Assessments	108,511	
Developer Contribution	0	
Debt Assessments	1,225,925	
Interest Income	240	
TOTAL REVENUES	$	1,444,234	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	1,000	
Payroll Taxes	0	
Management	48,000	
Legal	20,000	
Assessment Roll	6,000	
Audit Fees	5,400	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	4,500	
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	
Total Administrative Expenditures	$	103,225	
		
Maintenance Expenditures		
Engineering/Inspections	10,000	
Landscaping	32,000	
Lake And Lake Bank Maintenance	10,000	
Stormwater Management	20,000	
Environmental Engineering Consulting/Inspection Services	0	
Field Operations	15,000	
Miscellaneous Maintenance	15,000	
Total Maintenance Expenditures	$	102,000	
		
TOTAL EXPENDITURES	$	205,225	
		
REVENUES LESS EXPENDITURES	$	1,239,009	
		
Bond Payments	(1,152,370)	
		
BALANCE	$	86,639	
		
County Appraiser & Tax Collector Fee	(28,879)	
Discounts For Early Payments	(57,760)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
ANTILLIA 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	
Administrative Assessments	0	109,627	109,558	Expenditures Less Interest/.94	
Maintenance Assessments	0	95,745	108,511	Expenditures/.94	
Developer Contribution	80,452	0	0	Developer Contribution	
Debt Assessments	0	1,225,925	1,225,925	Bond Payments/.94	
Interest Income	249	240	240	Interest Projected At $20 Per Month	
TOTAL REVENUES	$	80,701	$	1,431,537	$	1,444,234		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	1,000	1,000	Supervisor Fees	
Payroll Taxes	0	0	0	Projected At 8% Of Supervisor Fees	
Management	39,000	40,164	48,000	$7,836 Increase From 2024/2025 Budget	
Legal	17,618	30,000	20,000	$10,000 Decrease From 2024/2025 Budget	
Assessment Roll	0	6,000	6,000	No Change From 2024/2025 Budget	
Audit Fees	4,200	4,300	5,400	Increased Due To Bond Issue	
Arbitrage Rebate Fee	0	650	650	Commences One Year After Bond Issue	
Insurance	5,000	6,000	6,000	Insurance Estimate	
Legal Advertisements	10,140	3,500	4,500	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	602	1,000	1,000	No Change From 2024/2025 Budget	
Postage	353	500	500	Mailings May Be Required	
Office Supplies	704	2,000	2,000	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management & ADA Compliance	2,500	2,500	2,500	No Change From 2024/2025 Budget	
Trustee Fees	0	4,500	4,500	Commences One Year After Bond Issue	
Continuing Disclosure Fee	0	1,000	1,000	Commences One Year After Bond Issue	
Total Administrative Expenditures	$	80,292	$	103,289	$	103,225		
					
Maintenance Expenditures					
Engineering/Inspections	0	10,000	10,000	No Change From 2024/2025 Budget	
Landscaping	0	20,000	32,000	Includes Irrigation & Fertilization	
Lake And Lake Bank Maintenance	0	8,000	10,000	$2,000 Increase From 2024/2025 Budget	
Stormwater Management	0	0	20,000	Stormwater Management	
Environmental Engineering Consulting/Inspection Services	0	20,000	0	Line Item Eliminated	
Field Operations	0	15,000	15,000	Field Operations	
Miscellaneous Maintenance	0	17,000	15,000	$2,000 Decrease From 2024/2025 Budget	
Total Maintenance Expenditures	$	-	$	90,000	$	102,000		
					
TOTAL EXPENDITURES	$	80,292	$	193,289	$	205,225		
					
REVENUES LESS EXPENDITURES	$	409	$	1,238,248	$	1,239,009		
					
Bond Payments	0	(1,152,370)	(1,152,370)	2026 Principal & Interest Payments	
					
BALANCE	$	409	$	85,878	$	86,639		
					
County Appraiser & Tax Collector Fee	0	(28,626)	(28,879)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	(57,252)	(57,760)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	409	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
ANTILLIA 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	
6,598	
100	
1,000	
Projected Interest For 2025/2026	

Bond Proceeds	
576,185	
0	
0		

NAV Tax Collection	
0	
1,152,370	
1,152,370	
Maximum Debt Service Collection	

Total Revenues	
$	582,783	
$	1,152,470	
$	1,153,370		

EXPENDITURES					

Principal Payments	
0	
225,000	
235,000	
Principal Payments Due In 2026	

Interest Payments	
0	
926,870	
915,370	
Interest Payments Due In 2026	

Transfer To Construction Fund	
6,598	
0	
1,000	
Transfer To Construction Fund	

Bond Redemption	
0	
600	
2,000	
Estimated Excess Debt Collections	

Total Expenditures	
$	6,598	
$	1,152,470	
$	1,153,370		

Excess/ (Shortfall)	
$	576,185	
$	-	
$	-		

Series 2024 Bond Information
Original Par Amount =	$16,420,000	Annual Principal Payments Due:	
Interest Rate =	5.0% - 5.875%	May 1st	
Issue Date =	June 2024	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 1/1/25 =	May 2054

$16,420,000	May 1st & November 1st	

Antillia Community Development District Assessment Comparison

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

452 Units		
Administrative	$	-	$	-	$	-	$	194.60	
Maintenance	$	-	$	-	$	-	$	192.74	

 $	-		$	-		 $	2,346.48	
$	-	$	-	$	2,733.82	

$	-	$	
-	$	
194.60	
$	-	$	-	$	192.74	

Debt 	 $	2,346.48

Total	$

111 Units With In-Kind Contribution
Administrative	$
Maintenance	$

2,346.48

-
-

Debt 	 $	1,489.36	 $	-		$	-		 $	1,489.36	
Total	$	1,489.36	$	-	$	-	$	1,876.70	

* 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 Units	563
(Townhomes/Villas)	111 With In-Kind Debt Contribution
IV