Everlands Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2021)

IV

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

V

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

VI

ASSESSMENT COMPARISON

PROPOSED BUDGET
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O&M Assessments

100,000

Developer Contribution - O&M

9,381

Debt Assessments - Series 2021

189,570

Debt Assessments - Series 2024-1

580,155

Debt Assessments - Series 2024-2

696,112

Interest Income

1,200

TOTAL REVENUES

$	1,576,418

EXPENDITURES

Supervisor Fees

0

Engineering/Inspections

2,000

Management

41,556

Legal

13,500

Assessment Roll

7,500

Audit Fees

7,200

Arbitrage Rebate Fee

1,300

Insurance

7,200

Legal Advertisements

1,800

Miscellaneous

900

Postage

400

Office Supplies

800

Dues & Subscriptions

175

Trustee Fees

12,750

Continuing Disclosure Fee

1,500

Dissemination Services

5,000

Miscellaneous Maintenance

1,000

TOTAL EXPENDITURES

$	104,581

REVENUES LESS EXPENDITURES

$	1,471,837

Bond Payments - Series 2021

(178,196)

Bond Payments - Series 2024-1

(545,346)

Bond Payments - Series 2024-2

(654,345)

BALANCE

$	93,950

County Appraiser & Tax Collector Fee

(31,317)

Discounts For Early Payments

(62,633)

EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O&M Assessments

81,382

100,000

100,000

Expenditures/.94 (1,002 X 99.81)

Developer Contribution - O&M

18,389

9,193

9,381

O&M Assessments Capped At $99.81

Debt Assessments - Series 2021

189,571

189,570

189,570

Bond Payments/.94

Debt Assessments - Series 2024-1

776,255

580,155

580,155

Bond Payments/.94

Debt Assessments - Series 2024-2

400,930

696,112

696,112

Bond Payments/.94

Interest Income

5,998

600

1,200

Interest Estimated At $100 Per Month

TOTAL REVENUES

$	1,472,525

$	1,575,630

$	1,576,418

EXPENDITURES

Supervisor Fees

0

0

0

Engineering/Inspections

0

2,500

2,000

$500 Decrease From 2025/2026 Budget

Management

39,324

40,464

41,556

CPI Increase

Legal

8,130

14,000

13,500

FY 2025/2026 Expenditure Through Jan 2026 Was $2,400

Assessment Roll

7,500

7,500

7,500

As Per Contract

Audit Fees

5,800

6,000

7,200

Has Increased Due To Third Bond

Arbitrage Rebate Fee

650

1,300

1,300

Required For Both Series 2024 Bonds

Insurance

6,220

6,700

7,200

Fiscal Year 2025/2026 Expenditure Was $6,593

Legal Advertisements

1,414

1,800

1,800

No Change From 2025/2026 Budget

Miscellaneous

322

1,000

900

$100 Decrease From 2025/2026 Budget

Postage

90

400

400

No Change From 2025/2026 Budget

Office Supplies

351

900

800

$100 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

Annual Fee Due Department Of Economic Opportunity

Trustee Fees

8,385

12,750

12,750

No Change From 2025/2026 Budget

Continuing Disclosure Fee

1,500

1,500

1,500

No Change From 2025/2026 Budget

Dissemination Services

2,000

5,000

5,000

Required By Bond Underwriter

Miscellaneous Maintenance

0

1,270

1,000

Miscellaneous Maintenance

TOTAL EXPENDITURES

$	81,861

$	103,259

$	104,581

REVENUES LESS EXPENDITURES

$	1,390,664

$	1,472,371

$	1,471,837

Bond Payments - Series 2021

(178,591)

(178,196)

(178,196)

2027 Principal & Interest Payments

Bond Payments - Series 2024-1

(759,834)

(545,346)

(545,346)

2027 Principal & Interest Payments

Bond Payments - Series 2024-2

(400,930)

(654,345)

(654,345)

2027 Principal & Interest Payments

BALANCE

$	51,309

$	94,484

$	93,950

County Appraiser & Tax Collector Fee

(11,222)

(31,495)

(31,317)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(21,350)

(62,989)

(62,633)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	18,737

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2021)
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 =
Annual Interest Payments Due =

December 15th
June 15th & December 15th

Par Amount As Of 1/1/26 =

$2,915,000

III

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

7,742

1,000

1,500

Projected Interest For 2026/2027

NAV Tax Collection

178,591

178,196

178,196

Maximum Debt Service Collection

Total Revenues

$	186,333

$	179,196

$	179,696

EXPENDITURES

Principal Payments

70,000

75,000

75,000

Principal Payment Due In 2027

Interest Payments

103,611

101,191

99,541

Interest Payments Due In 2027

Bond Redemption

0

3,005

5,155

Estimated Excess Debt Collections

Total Expenditures

$	173,611

$	179,196

$	179,696

Excess/ (Shortfall)

$	12,722

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2024-1)
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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

Series 2024-1 Bond Information

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

$8,065,000 4.40% - 5.50%
March 2024
June 2054

Annual Principal Payments Due =
Annual Interest Payments Due =

June 15th
June 15th & December 15th

Par Amount As Of 1/1/26 =

$7,945,000

IV

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

18,848

1,000

1,500

Projected Interest For 2026/2027

NAV Tax Collection

267,092

545,346

545,346

Maximum Debt Service Collection

Developer Contribution

492,743

0

0

Total Revenues

$	778,683

$	546,346

$	546,846

EXPENDITURES

Principal Payments

120,000

125,000

130,000

Principal Payment Due In 2027

Interest Payments

427,863

419,832

414,223

Interest Payments Due In 2027

Bond Redemption

0

1,514

2,623

Estimated Excess Debt Collections

Total Expenditures

$	547,863

$	546,346

$	546,846

Excess/ (Shortfall)

$	230,820

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2024-2)
EVERLANDS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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

Series 2024-2 Bond Information

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

$9,720,000 4.45% - 5.50%
November 2024
June 2054

Annual Principal Payments Due =
Annual Interest Payments Due =

June 15th
June 15th & December 15th

Par Amount As Of 1/1/26 =

$9,575,000

V

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

11,431

1,000

1,500

Projected Interest For 2026/2027

NAV Tax Collection

267,091

654,345

654,345

Maximum Debt Service Collection

Bond Proceeds

0

0

0

Developer Contribution

400,930

0

0

Total Revenues

$	679,452

$	655,345

$	655,845

EXPENDITURES

Principal Payments

145,000

150,000

155,000

Principal Payment Due In 2027

Interest Payments

302,850

502,070

495,284

Interest Payments Due In 2027

Transfer To Construction Fund

11,229

0

1,000

Transfer To Construction Fund

Bond Redemption

0

3,275

4,561

Estimated Excess Debt Collections

Total Expenditures

$	459,079

$	655,345

$	655,845

Excess/ (Shortfall)

$	220,373

$	-

$	-

EVERLANDS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
  Projected Assessment* 

O & M For Single Family 50' - 2021 Project Debt For Single Family 50' - 2021 Project

$
$

99.81
1,170.19

$
$

99.81
1,170.19

$
$

99.81
1,170.19

$
$

99.81
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 Debt For Expansion Area - Phase 1 - Duplex/Townhomes

$
$

99.81
-

$
$

99.81
1,488.00

$
$

99.81
1,488.00

$
$

99.81
1,488.00

Total For Expansion Area - Phase 1 - Duplex/Townhomes

$

99.81

$

1,587.81

$

1,587.81

$

1,587.81

O & M For Expansion Area - Phase 1 - Single Family 40' & 50' Debt For Expansion Area - Phase 1 - Single Family 40' & 50'

$
$

99.81
-

$
$

99.81
1,541.00

$
$

99.81
1,541.00

$
$

99.81
1,541.00

Total For Expansion Area - Phase 1 - Single Family 40' & 50'

$

99.81

$

1,640.81

$

1,640.81

$

1,640.81

O & M For Expansion Area - Phase 1 - Single Family 60' Debt For Expansion Area - Phase 1 - Single Family 60'

$
$

99.81
-

$
$

99.81
1,568.00

$
$

99.81
1,568.00

$
$

99.81
1,568.00

Total For Expansion Area - Phase 1 - Single Family 60'

$

99.81

$

1,667.81

$

1,667.81

$

1,667.81

O & M For Expansion Area - Phase 2 - Duplex/Townhomes Debt For Expansion Area - Phase 2 - Duplex/Townhomes

$
$

99.81
-

$
$

99.81
-

$
$

99.81
1,489.01

$
$

99.81
1,489.01

Total For Expansion Area - Phase 2 - Duplex/Townhomes

$

99.81

$

99.81

$

1,588.82

$

1,588.82

O & M For Expansion Area - Phase 2 - Single Family 40' & 50' Debt For Expansion Area - Phase 2 - Single Family 40' & 50'

$
$

99.81
-

$
$

99.81
-

$
$

99.81
1,542.19

$
$

99.81
1,542.19

Total For Expansion Area - Phase 2 - Single Family 40' & 50'

$

99.81

$

99.81

$

1,642.00

$

1,642.00

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

Community Information 1,002 Total Units
162 Units In 2021 Project & 840 Expansion Units

Expansion Phase 1 - 2024 Bond Duplex - 54 Units
Townhome - 80 Units Single Family 40' - 122 Units
Single Family 50' - 62 Units
  Single Family 60' - 62 Units 
Expansion Phase 1 Total - 380 Units

Expansion Phase 2  Duplex - 96 Units Townhome - 154 Units
Single Family 40' - 104 Units
Single Family 50' - 106 Units
Single Family 60' - 0 Units

2021 Project
Single Family 50' : 162 Units

Expansion Phase 2 Total - 460 Units

VI