Everlands 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 (SERIES 2021)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2024-1)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2024-2)

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O&M Assessments	100,000	
Developer Contribution - O&M	9,193	
Debt Assessments - Series 2021	189,570	
Debt Assessments - Series 2024-1	580,155	
Debt Assessments - Series 2024-2	696,112	
Interest Income	600	
TOTAL REVENUES	$	1,575,630	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	2,500	
Management	40,464	
Legal	14,000	
Assessment Roll	7,500	
Audit Fees	6,000	
Arbitrage Rebate Fee	1,300	
Insurance	6,700	
Legal Advertisements	1,800	
Miscellaneous	1,000	
Postage	400	
Office Supplies	900	
Dues & Subscriptions	175	
Trustee Fees	12,750	
Continuing Disclosure Fee	1,500	
Dissemination Services	5,000	
Miscellaneous Maintenance	1,270	
TOTAL EXPENDITURES	$	103,259	
		
REVENUES LESS EXPENDITURES	$	1,472,371	
		
Bond Payments - Series 2021	(178,196)	
Bond Payments - Series 2024-1	(545,346)	
Bond Payments - Series 2024-2	(654,345)	
		
BALANCE	$	94,484	
		
County Appraiser & Tax Collector Fee	(31,495)	
Discounts For Early Payments	(62,989)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
EVERLANDS 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	16,632	100,000	100,000	Expenditures/.94 (1,002 X 99.81)	
Developer Contribution - O&M	78,809	0	9,193	Amount Subject To Number Of Platted Lots	
Debt Assessments - Series 2021	189,571	189,570	189,570	Bond Payments/.94	
Debt Assessments - Series 2024-1	0	580,155	580,155	Bond Payments/.94	
Debt Assessments - Series 2024-2	0	0	696,112	Bond Payments/.94	
Interest Income	3,019	600	600	Interest Estimated At $75 Per Month	
TOTAL REVENUES	$	288,031	$	870,325	$	1,575,630		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	0	3,500	2,500	$1,000 Decrease From 2024/2025 Budget	
Management	38,184	39,324	40,464	CPI Increase	
Legal	8,362	16,000	14,000	FY 2024/2025 Expenditure Through Jan 2025 Was $3,170	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	4,600	5,000	6,000	Will Increase Due To Third Bond	
Arbitrage Rebate Fee	0	650	1,300	Will Be Required For Both Series 2024 Bonds	
Insurance	5,980	6,300	6,700	Fiscal Year 2024/2025 Expenditure Was $6,220	
Legal Advertisements	1,280	2,000	1,800	$200 Decrease From 2024/2025 Budget	
Miscellaneous	505	1,581	1,000	$581 Decrease From 2024/2025 Budget	
Postage	460	300	400	$100 Increase From 2024/2025 Budget	
Office Supplies	876	1,000	900	$100 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	4,138	8,500	12,750	Increased Due To Third Bond	
Continuing Disclosure Fee	1,000	1,500	1,500	No Change From 2024/2025 Budget	
Dissemination Services	0	0	5,000	Required By Bond Underwriter	
Miscellaneous Maintenance	0	1,270	1,270	Miscellaneous Maintenance	
TOTAL EXPENDITURES	$	73,060	$	94,600	$	103,259		
					
REVENUES LESS EXPENDITURES	$	214,971	$	775,725	$	1,472,371		
					
Bond Payments - Series 2021	(178,463)	(178,196)	(178,196)	2026 Principal & Interest Payments	
Bond Payments - Series 2024-1	0	(545,346)	(545,346)	2026 Principal & Interest Payments	
Bond Payments - Series 2024-2	0	0	(654,345)	2026 Principal & Interest Payments	
					
BALANCE	$	36,508	$	52,183	$	94,484		
					
County Appraiser & Tax Collector Fee	(4,037)	(17,394)	(31,495)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(8,103)	(34,789)	(62,989)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	24,368	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2021)
EVERLANDS 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	
9,535	
400	
1,000	
Projected Interest For 2025/2026	

Developer Contribution	
0	
0	
0		

NAV Tax Collection	
178,463	
178,196	
178,196	
Maximum Debt Service Collection	

Total Revenues	
$	187,998	
$	178,596	
$	179,196		

EXPENDITURES					

Principal Payments	
70,000	
75,000	
75,000	
Principal Payment Due In 2026	

Interest Payments	
105,151	
102,841	
101,191	
Interest Payments Due In 2026	

Bond Redemption	
0	
755	
3,005	
Estimated Excess Debt Collections	

Total Expenditures	
$	175,151	
$	178,596	
$	179,196		

Excess/ (Shortfall)	

$	12,847	

$	-	

$	-		

Series 2021 Bond Information

Original Par Amount =	$3,200,000	Annual Principal Payments Due =	December 15th	
Interest Rate =	2.20% - 4.00%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	October 2021			
Maturity Date =

Par Amount As Of 1/1/25 =	December 2051

$2,990,000			

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2024-1)
EVERLANDS 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	
8,843	
0	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
0	
545,346	
545,346	
Maximum Debt Service Collection	

Bond Proceeds	
390,335	
0	
0		

Developer Contribution	
0	
0	
0		

Total Revenues	
$	399,178	
$	545,346	
$	546,346		

EXPENDITURES					

Principal Payments	
0	
120,000	
125,000	
Principal Payment Due In 2026	

Interest Payments	
117,662	
425,223	
419,832	
Interest Payments Due In 2026	

Bond Redemption	
0	
123	
1,514	
Estimated Excess Debt Collections	

Total Expenditures	
$	117,662	
$	545,346	
$	546,346		

Excess/ (Shortfall)	

$	281,516	

$	-	

$	-		

Note: Capitalized Interest Was Set-Up Through June 2024.

Series 2024-1 Bond Information

Original Par Amount =	$8,065,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	4.40% - 5.50%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	March 2024			
Maturity Date =

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

$8,065,000			

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2024-2)
EVERLANDS 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	
0	
0	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
0	
0	
654,345	
Maximum Debt Service Collection	

Bond Proceeds	
0	
0	
0		

Developer Contribution	
0	
0	
0		

Total Revenues	
$	-	
$	-	
$	655,345		

EXPENDITURES					

Principal Payments	
0	
0	
150,000	
Principal Payment Due In 2026	

Interest Payments	
0	
0	
502,070	
Interest Payments Due In 2026	

Bond Redemption	
0	
0	
3,275	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	655,345		

Excess/ (Shortfall)	

$	-	

$	-	

$	-		

Note: Capitalized Interest Was Set-Up Through December 2024.

Series 2024-2 Bond Information

Original Par Amount =	$9,720,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	4.45% - 5.50%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	November 2024			
Maturity Date =

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

$9,720,000			

EVERLANDS 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 For Single Family 50' - 2021 Project		$	99.81		$	99.81		$	99.81		$	99.81	
Debt For Single Family 50' - 2021 Project		$	1,170.19		$	1,170.19		$	1,170.19		$	1,170.19	
Total For 2021 Project Units		$	1,270.00		$	1,270.00		$	1,270.00		$	1,270.00	
O & M For Expansion Area - Phase 1 - Duplex/Townhomes		$	99.81		$	99.81		$	99.81		$	99.81	
Debt For Expansion Area - Phase 1 - Duplex/Townhomes		$	-		$	-		$	1,488.00		$	1,488.00	
Total For Expansion Area - Phase 1 - Duplex/Townhomes		$	99.81		$	99.81		$	1,587.81		$	1,587.81	
O & M For Expansion Area - Phase 1 - Single Family 40' & 50'		$	99.81		$	99.81		$	99.81		$	99.81	
Debt For Expansion Area - Phase 1 - Single Family 40' & 50'		$	-		$	-		$	1,541.00		$	1,541.00	
Total For Expansion Area - Phase 1 - Single Family 40' & 50'		$	99.81		$	99.81		$	1,640.81		$	1,640.81	
O & M For Expansion Area - Phase 1 - Single Family 60'		$	99.81		$	99.81		$	99.81		$	99.81	
Debt For Expansion Area - Phase 1 - Single Family 60'		$	-		$	-		$	1,568.00		$	1,568.00	
Total For Expansion Area - Phase 1 - Single Family 60'		$	99.81		$	99.81		$	1,667.81		$	1,667.81	
O & M For Expansion Area - Phase 2 - Duplex/Townhomes		$	99.81		$	99.81		$	99.81		$	99.81	
Debt For Expansion Area - Phase 2 - Duplex/Townhomes		$	-		$	-		$	-		$	1,489.01	
Total For Expansion Area - Phase 2 - Duplex/Townhomes		$	99.81		$	99.81		$	99.81		$	1,588.82	
O & M For Expansion Area - Phase 2 - Single Family 40' & 50'		$	99.81		$	99.81		$	99.81		$	99.81	
Debt For Expansion Area - Phase 2 - Single Family 40' & 50'		$	-		$	-		$	-		$	1,542.19	
Total For Expansion Area - Phase 2 - Single Family 40' & 50'		$	99.81		$	99.81		$	99.81		$	1,642.00	

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

Community Information	Expansion Phase 1 - 2024 Bond	Expansion Phase 2
1,002 Total Units	Duplex - 54 Units	Duplex - 96 Units
162 Units In 2021 Project & 840 Expansion Units	Townhome - 80 Units	Townhome - 154 Units

	Single Family 40' - 122 Units	Single Family 40' - 104 Units	
2021 Project	Single Family 50' - 62 Units	Single Family 50' - 106 Units	
Single Family 50' : 162 Units	  Single Family 60' - 62 Units			Single Family 60' - 0 Units		
	Expansion Phase 1 Total - 380 Units	Expansion Phase 2 Total - 460 Units	

4/11/2025 3:38 PM	VI