Old Town Floridian 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

IV

ASSESSMENT COMPARISON

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

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

Administrative Assessments

86,986

Maintenance Assessments

46,808

Debt Assessments

683,190

Developer Contribution

0

Interest Income

120

TOTAL REVENUES

$	817,104

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

Management

30,192

Legal

14,000

Assessment Roll

6,500

Audit Fees

5,600

Arbitrage Rebate Fee

650

Insurance

7,100

Legal Advertisements

4,600

Miscellaneous

1,720

Postage

300

Office Supplies

800

Dues & Subscriptions

175

Website Management & ADA Compliance

1,500

Trustee Fees

4,250

Dissemination Services

3,500

Continuing Disclosure Fee

1,000

Total Administrative Expenditures

$	81,887

Maintenance Expenditures

Engineering/Inspections

4,000

Miscellaneous Maintenance

20,000

Infrastructure Maintenance

20,000

Total Maintenance Expenditures

$	44,000

TOTAL EXPENDITURES

$	125,887

REVENUES LESS EXPENDITURES

$	691,217

Bond Payments

(642,199)

BALANCE

$	49,018

County Appraiser & Tax Collector Fee

(16,339)

Discounts For Early Payments

(32,679)

EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
OLD TOWN FLORIDIAN 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

Administrative Assessments

0

0

86,986

Expenditures Less Interest/.94

Maintenance Assessments

0

0

46,808

Expenditures/.94

Debt Assessments

0

0

683,190

Bond Payments/.94

Developer Contribution

54,113

110,165

0

Developer Contribution

Interest Income

4

60

120

Interest Projected At $10 Per Month

TOTAL REVENUES

$	54,117

$	110,225

$	817,104

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

Management

29,400

29,400

30,192

CPI Adjustment

Legal

9,628

15,000

14,000

FY 2025/2026 Expenditure Through Feb 2026 Was $3,070

Assessment Roll

0

6,500

6,500

Will Commence In Fiscal Year Following Issuing Of Bond

Audit Fees

3,400

4,400

5,600

Fee Will Increase Due To Bond Issue

Arbitrage Rebate Fee

0

650

650

No Change From 2025/2026 Budget

Insurance

6,009

6,400

7,100

FY 2025/2026 Expenditure Was $6,369

Legal Advertisements

1,009

4,800

4,600

$200 Decrease From 2025/2026 Budget

Miscellaneous

247

1,050

1,720

$670 Increase From 2025/2026 Budget

Postage

114

300

300

No Change From 2025/2026 Budget

Office Supplies

503

800

800

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

Annual Fee Due Department Of Economic Opportunity

Website Management & ADA Compliance

1,500

1,500

1,500

No Change From 2025/2026 Budget

Trustee Fees

0

4,250

4,250

No Change From 2025/2026 Budget

Dissemination Services

0

0

3,500

Required By Underwriter

Continuing Disclosure Fee

0

2,000

1,000

Continuing Disclosure Fee

Total Administrative Expenditures

$	51,985

$	77,225

$	81,887

Maintenance Expenditures

Engineering/Inspections

893

3,000

4,000

$1,000 Increase From 2025/2026 Budget

Miscellaneous Maintenance

0

15,000

20,000

$5,000 Increase From 2025/2026 Budget

Infrastructure Maintenance

0

15,000

20,000

$5,000 Increase From 2025/2026 Budget

Total Maintenance Expenditures

$	893

$	33,000

$	44,000

TOTAL EXPENDITURES

$	52,878

$	110,225

$	125,887

REVENUES LESS EXPENDITURES

$	1,239

$	-

$	691,217

Bond Payments

0

0

(642,199)

2027 P & I Payments Less Earned Interest

BALANCE

$	1,239

$	-

$	49,018

County Appraiser & Tax Collector Fee

0

0

(16,339)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

0

0

(32,679)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	1,239

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
OLD TOWN FLORIDIAN COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Budget Numbers Are Estimates

Note: Capitalized Interest Set-up Through November 2026.

Series 2026 Bond Information - To Be Determined

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

TBD TBD
July 2026
TBD

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

TBD

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 ANNUAL BUDGET

FISCAL YEAR 2026/2027 ANNUAL BUDGET

COMMENTS

Interest Income

0

0

1,000

Projected Interest For FY 2026/2027

NAV Tax Collection

0

0

642,199

Maximum Debt Service Collection

Bond Proceeds

0

0

0

Total Revenues

$	-

$	-

$	643,199

EXPENDITURES

Principal Payments

0

0

100,000

Principal Payment Due In 2027

Interest Payments

0

0

541,199

Interest Payments Due In 2027

Bond Redemption

0

-

2,000

Estimated Excess Debt Collections

Total Expenditures

$	-

$	-

$	643,199

Excess/ (Shortfall)

$	-

$	-

$	-

OLD TOWN FLORIDIAN COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
 Projected Assessment* 

Administrative For Villas
Maintenance For Villas Debt For Villas
Total For Villas

$
$

-
-

$
$

-
-

$
$

195.05
104.95

 $	- 

 $	- 

 $	1,234.31

$

-

$

-

$

1,534.31

Administrative For Townhomes
Maintenance For Townhomes Debt For Townhomes
Total For Townhomes

$
$

-
-

$
$

-
-

$
$

195.05
104.95

 $	- 

 $	- 

 $	1,542.61

$

-

$

-

$

1,842.61

Administrative For Single Familys
Maintenance For Single Familys Debt For Single Familys
Total For Single Familys

$
$

-
-

$
$

-
-

$
$

195.05
104.95

 $	- 

 $	- 

 $	2,006.17

$

-

$

-

$

2,306.17

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

Community Information Villas: 178 Units
Townhomes: 160 Units
Single Family: 108 Units Total: 446 Units

V

6/19/2026 5:51 PM