Crestview II 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

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	66,586	
Maintenance Assessments	42,713	
Debt Assessments	97,659	
Interest Income	900	
TOTAL REVENUES	$	207,858	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Aquatic Maintenance	5,700	
General Community Maintenance	500	
Lawn Maintenance	15,000	
Fountain Maintenance & Upkeep	3,400	
Electric/FPL - Fountains	10,000	
Engineering/Inspections	1,250	
Storm Drainage/Class V Permit	3,500	
Lake Bank - Erosion Control	300	
Maintenance/Contingency	500	
TOTAL MAINTENANCE EXPENDITURES	$	40,150	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	1,875	
Payroll Taxes (Employer)	145	
Management	32,556	
Secretarial & Field Operations	5,400	
Legal	9,250	
Assessment Roll	6,000	
Audit Fees	3,700	
Insurance	8,100	
Legal Advertisements	2,500	
Miscellaneous	850	
Postage	250	
Office Supplies	300	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	76,951	
		
TOTAL EXPENDITURES	$	117,101	
		
REVENUES LESS EXPENDITURES	$	90,757	
		
Bond Payments	(91,800)	
		
BALANCE	$	(1,043)	
		
County Appraiser & Tax Collector Fee	(4,139)	
Discounts For Early Payments	(8,278)	
		
EXCESS/ (SHORTFALL)	$	(13,460)	
		
Carryover From Prior Year	13,460	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED PROPOSED BUDGET
CRESTVIEW II 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	
Administrative Assessments	76,344	69,472	66,586	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	33,777	39,840	42,713	Expenditures/.94	
Debt Assessments	97,659	97,659	97,659	Bond Payments/.94	
Interest Income	5,226	360	900	Interest Projected At $75 Per Month	
TOTAL REVENUES	$	213,006	$	207,331	$	207,858		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Aquatic Maintenance	5,935	5,500	5,700	$200 Increase From 2024/2025 Budget	
General Community Maintenance	300	500	500	No Change From 2024/2025 Budget	
Lawn Maintenance	13,193	15,000	15,000	No Change From 2024/2025 Budget	
Fountain Maintenance & Upkeep	780	4,400	3,400	$1,000 Decrease From 2024/2025 Budget	
Electric/FPL - Fountains	9,512	10,000	10,000	No Change From 2024/2025 Budget	
Engineering/Inspections	1,100	1,250	1,250	No Change From 2024/2025 Budget	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Lake Bank - Erosion Control	0	300	300	No Change From 2024/2025 Budget	
Maintenance/Contingency	0	500	500	Maintenance/Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	30,820	$	37,450	$	40,150		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	225	1,875	1,875	Supervisor Fees	
Payroll Taxes (Employer)	17	145	145	Supervisor Fees * 7.65%	
Management	30,732	31,644	32,556	CPI Adjustment	
Secretarial & Field Operations	5,400	5,400	5,400	No Change From 2024/2025 Budget	
Legal	7,528	9,250	9,250	No Change From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,900	4,000	3,700	Accepted Amount For 2024/2025 Budget	
Insurance	7,140	7,880	8,100	Fiscal Year 2024/2025 Expenditure Was $7,608	
Legal Advertisements	2,432	2,000	2,500	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	481	950	850	$100 Decrease From 2024/2025 Budget	
Postage	172	250	250	No Change From 2024/2025 Budget	
Office Supplies	191	325	300	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,243	$	75,744	$	76,951		
					
TOTAL EXPENDITURES	$	101,063	$	113,194	$	117,101		
					
REVENUES LESS EXPENDITURES	$	111,943	$	94,137	$	90,757		
					
Bond Payments	(93,281)	(91,800)	(91,800)	2026 Principal & Interest Payments	
					
BALANCE	$	18,662	$	2,337	$	(1,043)		
					
County Appraiser & Tax Collector Fee	(2,002)	(4,139)	(4,139)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(7,282)	(8,278)	(8,278)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	9,378	$	(10,080)	$	(13,460)		
					
Carryover From Prior Year	0	10,080	13,460	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	9,378	$	-	$	-		

II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CRESTVIEW II 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	
3,475	
400	
600	
Projected Interest For 2025/2026	

NAV Tax Collection	
93,281	
91,800	
91,800	
Maximum Debt Service Collection	

Total Revenues	
$	96,756	
$	92,200	
$	92,400		

EXPENDITURES					

Principal Payments	
54,000	
53,000	
56,000	
Principal Payments Due In 2026	

Interest Payments	
36,715	
34,703	
32,920	
Interest Payments Due In 2026	

Bond Redemption	
0	
4,497	
3,480	
Estimated Excess Debt Collections	

Total Expenditures	
$	90,715	
$	92,200	
$	92,400		

Excess/ (Shortfall)	
$	6,041	
$	-	
$	-		

Series 2020 Bond Refunding Information

Original Par Amount =	$1,105,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.5% - 4%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	October 2020			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2037

$904,000			

III

Crestview II 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*		

Administrative	
$	618.17	
$	629.50	
$	578.94	
$	
554.89	
Maintenance	$	292.91	$	281.48	$	332.01	$	355.95	
Debt	$	813.83	$	813.83	$	813.83	 $	813.83	
Total	$	1,724.91	$	1,724.81	$	1,724.78	$	1,724.67	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	120

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