Everlands Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2021

III

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2024-1

IV

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2024-2

AMENDED FINAL BUDGET
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

$45,687

$14,021

$59,708

Fund Balance As Of 9/30/24

FY 2024/2025 Activity

Fund Balance As Of 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

O & M Assessments

100,000

81,382

81,382

Debt Assessments (2021)

189,570

189,571

189,571

Debt Assessments (2024-1)

580,155

283,512

283,512

Debt Assessments (2024-2)

0

0

0

Direct Bill - O&M

0

18,389

18,389

Direct Bill - Debt (2024-1)

0

492,743

492,743

Direct Bill - Debt (2024-2)

0

400,930

400,930

Interest Income

600

5,700

5,593

Total Revenues

$	870,325

$	1,472,227

$	1,472,120

EXPENDITURES

Supervisor Fees

0

0

0

Engineering/Inspections

3,500

1,500

0

Management

39,324

39,324

39,324

Legal

16,000

9,000

7,130

Assessment Roll

7,500

7,500

7,500

Audit Fees

5,000

5,800

5,800

Arbitrage Rebate Fee

650

650

650

Insurance

6,300

6,220

6,220

Legal Advertisements

2,000

2,000

1,119

Miscellaneous

1,581

750

322

Postage

300

100

90

Office Supplies

1,000

375

346

Dues & Subscriptions

175

175

175

Trustee Fee

8,500

8,385

8,385

Continuing Disclosure Fee

1,500

1,500

1,500

Dissemination Services

0

2,000

2,000

Miscellaneous Maintenance

1,270

1,000

0

Total Expenditures

$	94,600

$	86,279

$	80,561

Revenues Less Expenditures

$	775,725.00

$	1,385,948

$	1,391,559

Bond Payments - Series 2021

(178,196)

(178,591)

(178,591)

Bond Payments - Series 2024-1

(545,346)

(759,834)

(759,834)

Bond Payments - Series 2024-2

0

(400,930)

(400,930)

BALANCE

$	52,183

$	46,593

$	52,204

County Appraiser & Tax Collector Fee

(17,394)

(11,222)

(11,222)

Discounts For Early Payments

(34,789)

(21,350)

(21,350)

Excess/ (Shortfall)

$	-

$	14,021

$	19,632

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	14,021

$	19,632

AMENDED FINAL BUDGET
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2021
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $44,549*. Revenue Account Balance = $155,425* Revenue Fund Balance To Be Used To Make 12/15/2025 Principal & Interest Payment Of $126,421 (Principal = $75,000 & Interest = $51,421).
* Approximate Amounts

Series 2021 Bond Information

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

$3,200,000 2.20% - 4.00%
October 2021
December 2051

Annual Principal Payments Due: December 15th
Annual Interest Payments Due:
June 15th & December 15th

Par Amount As Of 9/30/25 =

$2,990,000

II

$187,794

$12,180

$199,974

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

400

7,200

7,022

NAV Assessment Collection

178,196

178,591

178,591

Developer Contribution - Debt

0

0

0

Total Revenues

$	178,596

$	185,791

$	185,613

EXPENDITURES

Principal Payments

75,000

70,000

70,000

Interest Payments

102,841

103,611

103,611

Bond Redemption

755

0

0

Total Expenditures

$	178,596

$	173,611

$	173,611

Excess/ (Shortfall)

$	-

$	12,180

$	12,002

AMENDED FINAL BUDGET
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2024-1
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $272,673.*. Revenue Account Balance = $238,636*.
Revenue Account Balance To Be Used To Make 12/15/25 Interest Payment Of $211,291. Capitalized Interest Was Set-Up Through June 2024.
* Approximate Amounts

Series 2024 Bond Information

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

$8,065,000 4.40% - 5.55%
March 2024
June 2054

Annual Principal Payments Due: June 15th
Annual Interest Payments Due:
June 15th & December 15th

Par Amount As Of 9/30/25 =

$7,945,000

III

$282,137

$229,172

$511,309

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

0

17,200

17,008

NAV Assessment Collection

545,346

267,092

267,092

Developer Contribution - Debt

0

492,743

492,743

Total Revenues

$	545,346

$	777,035

$	776,843

EXPENDITURES

Principal Payments

120,000

120,000

120,000

Interest Payments

425,223

427,863

427,863

Bond Redemption

123

0

0

Total Expenditures

$	545,346

$	547,863

$	547,863

Excess/ (Shortfall)

$	-

$	229,172

$	228,980

AMENDED FINAL BUDGET
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2024-2
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $327,173.*. Revenue Account Balance = $200*. 12/15/2025 Interest Payment For $252,704 To Be Developer Funded.
Capitalized Interest Was Set-Up Through December 2024.
Capital Projects Bond Proceeds = $9,345,907. Total Bond Proceeds = $9,720,000. FY 2024/2025 Cost Of Issuance = $371,975.
Fiscal Year 2024/2025 Capital Outlay = $9,019,932.
* Approximate Amounts

Series 2024 Bond Information

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

$9,720,000 4.40% - 5.55%
November 2024
June 2054

Annual Principal Payments Due: June 15th
Annual Interest Payments Due:
June 15th & December 15th

Par Amount As Of 9/30/25 =

$9,575,000

III

$0

$327,373

$327,373

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

0

11,251

10,251

Bond Proceeds (Debt Service)

0

374,093

374,093

NAV Assessment Collection

0

0

0

Developer Contribution - Debt

0

400,930

400,930

Total Revenues

$	-

$	786,274

$	785,274

EXPENDITURES

Principal Payments

0

145,000

145,000

Interest Payments

0

302,851

302,851

Bond Redemption

0

0

0

Transfer To Construction Fund

0

11,050

10,050

Total Expenditures

$	-

$	458,901

$	457,901

Excess/ (Shortfall)

$	-

$	327,373

$	327,373