Arborwood Community Development District

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

CONTENTS

1

AMENDED BUDGET COMPARISON

2

AMENDED GENERAL FUND BUDGET

3

AMENDED FINAL DEBT SERVICE FUND BUDGET - 2014 BOND

4

AMENDED FINAL DEBT SERVICE FUND BUDGET - 2018 BOND

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

Note: All Figures are Un-audited

1

REVENUES

FISCAL YEAR 2024/2025 ANNUAL BUDGET

FISCAL YEAR 2024/2025 AMENDED BUDGET

FISCAL YEAR 2024/2025 ACTUAL
10/1/2024 - 9/29/2025

GENERAL FUND ON ROLL ASSESSMENT

527,357

527,419

527,419

GENERAL FUND DIRECT BILL ASSESSMENTS

0

0

0

DEBT ON ROLL ASSESSMENTS

3,251,341

3,250,658

3,250,658

DEBT DIRECT BILL ASSESSMENTS

0

0

0

INTEREST/MISCELLANEOUS GENERAL FUND

0

0

0

GENERAL FUND OTHER REVENUES / CARRY OVER

15,000

0

0

TOTAL REVENUES

$	3,793,698

$	3,778,077

$	3,778,077

EXPENDITURES

PAYROLL TAX EXPENSE

880

673

673

SUPERVISOR FEES

11,000

8,800

8,800

ENGINEERING

50,000

36,000

28,823

MANAGEMENT

40,908

40,908

40,908

LEGAL

20,000

18,000

10,274

ASSESSMENT ROLL

5,000

5,000

5,000

ANNUAL AUDIT

5,350

5,350

0

ARBITRAGE REBATE FEE

1,000

1,000

1,000

INSURANCE

13,000

6,994

6,994

LEGAL ADVERTISING

5,250

5,250

3,874

MISCELLANEOUS

3,300

3,300

3,046

POSTAGE

1,150

1,925

1,877

OFFICE SUPPLIES

2,300

1,325

1,189

DUES & SUBSCRIPTIONS

175

175

175

TRUSTEE FEES

27,500

12,739

12,739

CONTINUING DISCLOSURE FEE

3,000

3,000

3,000

AMORTIZATION SCHEDULES FEE

500

300

300

WEBSITE

2,000

2,000

2,000

PROFESSIONAL FEE & PERMITS

1,250

0

0

TREELINE PRESERVE MAINTENANCE - EXOTICS

6,000

6,000

6,000

DRI TRAFFIC MONITORING

5,000

5,000

0

ENVIRONMENTAL CONSULTING - PASSARELLA

22,000

24,000

21,165

PANTHER MITIGATION MAINTENANCE - EXOTICS

80,000

80,000

80,000

CAPITAL OUTLAY - SMALL

1,000

500

0

FLOWWAY MAINTENANCE

4,600

2,000

1,200

PRESERVE MAINTENANCE - PARCEL C

7,000

7,000

7,000

LAKE MAINTENANCE - SOMERSET ONLY

46,100

49,348

49,348

LAKE BANK EROSION - SOMERSET ONLY

45,000

50,475

50,475

PRESERVE MAINTENANCE (SOMERSET ONLY)

35,000

35,000

35,000

FIELD INSPECTOR (SOMERSET ONLY)

25,500

25,456

25,456

STORMWATER DRAINS INS & MAINT (SOMERSET ONLY)

20,000

15,000

12,450

LAKE BANK INSPECTION - (SOMERSET ONLY)

7,500

7,200

7,200

LAKE BANK INSPECTION - (BRIDGETOWN ONLY)

6,500

6,951

6,951

STORMWATER DRAINS INS (BRIDGETOWN ONLY)

6,500

6,050

6,050

Total Expenditures

511,263

472,719

438,967

EXCESS / (SHORTFALL)

$	3,282,435

$	3,305,358

$	3,339,110

DEBT PAYMENTS (2014)

(594,025)

(592,961)

(592,961)

DEBT PAYMENTS (2018)

(2,527,262)

(2,526,743)

(2,526,743)

BALANCE

$	161,148

$	185,654

$	219,406

COUNTY APPRAISER & TAX COLLECTOR FEE

(10,000)

(11,715)

(11,715)

DISCOUNTS FOR EARLY PAYMENTS

(151,148)

(140,487)

(140,487)

NET EXCESS / (SHORTFALL)

$	-

$	33,452

$	67,204

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

Note: All Figures are Un-audited

2

$	459,322

$	32,357

$	491,679

Fund Balance on 9/30/2024

Less Amended 2024/2025 Net Excess /(Shortfall)

Estimated Fund Balance on 9/30/2025

REVENUES

FISCAL YEAR 2024/2025
ANNUAL BUDGET

FISCAL YEAR 2024/2025
AMENDED BUDGET

FISCAL YEAR 2024/2025 ACTUAL
10/1/2024 - 9/29/2025

ON ROLL ASSESSMENTS

527,357

527,419

527,419

DIRECT BILL ASSESSMENTS

0

0

0

OTHER REVENUES / CARRY OVER

15,000

0

0

Total Revenues

$	542,357

$	527,419

$	527,419

EXPENDITURES

PAYROLL TAX EXPENSE

880

673

673

SUPERVISOR FEES

11,000

8,800

8,800

ENGINEERING

50,000

36,000

28,823

MANAGEMENT

40,908

40,908

40,908

LEGAL

20,000

18,000

10,274

ASSESSMENT ROLL

5,000

5,000

5,000

ANNUAL AUDIT

5,350

5,350

0

ARBITRAGE REBATE FEE

1,000

1,000

1,000

INSURANCE

13,000

6,994

6,994

LEGAL ADVERTISING

5,250

5,250

3,874

MISCELLANEOUS

3,300

3,300

3,046

POSTAGE

1,150

1,925

1,877

OFFICE SUPPLIES

2,300

1,325

1,189

DUES & SUBSCRIPTIONS

175

175

175

TRUSTEE FEES

27,500

12,739

12,739

CONTINUING DISCLOSURE FEE

3,000

3,000

3,000

AMORTIZATION SCHEDULES FEE

500

300

300

WEBSITE

2,000

2,000

2,000

PROFESSIONAL FEE & PERMITS

1,250

0

0

TREELINE PRESERVE MAINTENANCE - EXOTICS

6,000

6,000

6,000

DRI TRAFFIC MONITORING

5,000

5,000

0

ENVIRONMENTAL CONSULTING - PASSARELLA

22,000

24,000

21,165

PANTHER MITIGATION MAINTENANCE - EXOTICS

80,000

80,000

80,000

STREET LIGHTING - UTILITY & MAINTENANCE

0

0

0

CAPITAL OUTLAY - SMALL

1,000

500

0

FLOWWAY MAINTENANCE

4,600

2,000

1,200

PRESERVE MAINTENANCE - PARCEL C

7,000

7,000

7,000

LAKE MAINTENANCE - SOMERSET ONLY

46,100

49,348

49,348

LAKE BANK EROSION - SOMERSET ONLY

45,000

50,475

50,475

PRESERVE MAINTENANCE (SOMERSET ONLY)

35,000

35,000

35,000

FIELD INSPECTOR (SOMERSET ONLY)

25,500

25,456

25,456

STORMWATER DRAINS INS (SOMERSET ONLY)

20,000

15,000

12,450

LAKE BANK INSPECTION (SOMERSET ONLY)

7,500

7,200

7,200

LAKE BANK INSPECTION (BRIDGETOWN ONLY)

6,500

6,951

6,951

STORMWATER DRAINS INS (BRIDGETOWN ONLY)

6,500

6,050

6,050

Total Expenditures

511,263

472,719

438,967

EXCESS / (SHORTFALL)

$	31,094

$	54,700

$	88,452

COUNTY APPRAISER & TAX COLLECTOR FEE

(10,000)

(1,172)

(1,172)

DISCOUNTS FOR EARLY PAYMENTS

(21,094)

(21,171)

(21,073)

NET EXCESS / (SHORTFALL)

$	-

$	32,357

$	66,207

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2014 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

	Series 2014A-1 Bond	

	Series 2014A-2 Bond	

FISCAL YEAR 2024/2025
 ANNUAL BUDGET

FISCAL YEAR	FISCAL YEAR
2024/2025	2024/2025 ACTUAL AMENDED BUDGET  10/1/2024 - 9/29/2025

FISCAL YEAR 2024/2025
 ANNUAL BUDGET

FISCAL YEAR 2024/2025
 AMENDED BUDGET

FISCAL YEAR 2024/2025 ACTUAL
10/1/2024 - 9/29/2025

 REVENUES	
Net On Roll Assessments Interest Income
Bond Prepayments
 Direct Bill Assessments - Lennar 
 Total Revenues	

 REVENUES	
Net On Roll Assessments Interest Income
Bond Prepayments
 Direct Bill Assessments - Lennar	
 Total Revenues	

489,445
0
0
	0
 $	489,445

488,536
29,500
0
	0
 $	518,036

488,536
29,381
0
	0
 $	517,917

104,580
0
0
	0
 $	104,580

104,426
6,500
0
	0
 $	110,926

104,426
6,450
0
0

$

110,876

 EXPENDITURES	
Principal Payments Interest Payments Principal Redemption
 Miscellaneous	
 Total Expenditures	

 EXPENDITURES	
Principal Payments Interest Payments Principal Redemption
 Miscellaneous	
 Total Expenditures	

220,000
269,445
0
	0
 $	489,445

220,000
276,690
10,000
	0
 $	506,690

220,000
276,690
10,000
	0
 $	506,690

50,000
54,580
0
	0
 $	104,580

50,000
32,430
0
	0
 $	82,430

50,000
32,430
0
0

$

82,430

 Excess / (Shortfall)	

 $	-

 $	11,346

 $	11,227

 Excess / (Shortfall)	

 $	-

 $	28,496

$

28,446

Series 2014 A-1 Bond Information

Series 2014 A-2 Bond Information

Initial Par Amount = Maturity Par Amount = Interest Rate = Bifurcated Date = Maturity Date =
Annual Principal Payments Due = Annual Interest Payments Due =

$4,939,888
$5,430,000 6.90%
Dec 2014
May 2036
May 1st
May 1st & November 1st

Initial Par Amount = Maturity Par Amount = Interest Rate = Bifurcated Date = Maturity Date =
Annual Principal Payments Due = Annual Interest Payments Due =

$1,041,652
$1,145,000 6.90%
Dec 2014
May 2036
May 1st
May 1st & November 1st

Maturity Par Amount As Of 9/30/25 =

$3,785,000

Maturity Par Amount As Of 9/30/25 $420,000

Notes
Reserve Fund Balance = $503,233*. Revenue Fund Balance = $221,241*. Prepayment Fund Balances = $2,218*.

Notes
Reserve Fund Balance = $107,960*. Revenue Fund Balances = $52,481*.

Revenue Account
To Fund November 1, 2025 Interest Payment: Series 2014A-1: $130,583

Revenue Account
To Fund November 1, 2025 Interest Payment: Series 2014A-2: $14,490

* Approximate Amounts

* Approximate Amounts

3

$847,291

$39,842

$887,133

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

AMENDED FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

2018A-1 & 2018A-2

FISCAL YEAR 2024/2025

FISCAL YEAR 2024/2025

FISCAL YEAR 2024/2025 ACTUAL

 REVENUES	
Net On Roll Assessments Transfer from CP (2018)
 Interest Income	
 Total Revenues	

 ANNUAL BUDGET  AMENDED BUDGET 10/1/2024 - 9/29/2025 

2,527,262
0
	0
 $	2,527,262 

2,526,743
188
	82,200
 $	2,609,131 

2,526,743
188
	82,063
 $	2,608,994 

 EXPENDITURES	
Principal Payments (2018A-1) Principal Payments (2018A-2) Interest Payments (2018A-1) Interest Payments (2018A-2)
 Miscellaneous / Prepayment	
 Total Expenditures	

1,210,000
390,000
588,234
289,794
	49,234
 $	2,527,262 

1,210,000
390,000
604,871
297,081
	10,000
 $	2,511,952 

1,210,000
390,000
604,871
297,081
	10,000
 $	2,511,953 

 Excess / (Shortfall)	

 $	- 

 $	97,179 

 $	97,041 

Notes
Reserve Fund Balances = $795,545*. Revenue Fund Balance = $805,137*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payments Of $425,195 (2018A-1: $285,798 & 2018A-2: $139,397).
* Approximate Amounts

	Series 2018 A-1 Bond Information	

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =
Annual Principal Payments Due = Annual Interest Payments Due =

$24,465,000 3.02%
February 2018
May 2036
May 1st
May 1st & November 1st

Par Amount As Of 9/30/25 =

$16,360,000

	Series 2018 A-2 Bond Information	

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =
Annual Principal Payments Due = Annual Interest Payments Due =

$8,740,000 4.65%
February 2018
May 2036
May 1st
May 1st & November 1st

Par Amount As Of 9/30/25 =

$5,670,000

4

$1,503,503

$97,179

$1,600,682

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25