Crestview II 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

AMENDED FINAL BUDGET
CRESTVIEW II COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover From Prior Year Of $10,080 used to reduce Fiscal Year 2024/2025 Assessments. Carryover From Prior Year Of $13,460 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

10/9/2025 11:36 AM

$70,652

($5,335)

$65,317

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

Administrative Assessments

69,472

69,626

69,626

Maintenance Assessments

39,840

39,509

39,509

Debt Assessments

97,659

96,844

96,844

Interest Income

360

3,633

3,633

TOTAL REVENUES

$	207,331

$	209,612

$	209,612

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

1,875

675

675

Payroll Taxes (Employer)

145

132

132

Management

31,644

31,644

31,644

Secretarial & Field Operations

5,400

5,400

5,400

Legal

9,250

9,000

7,580

Assessment Roll

6,000

6,000

6,000

Audit Fees

4,000

3,600

3,600

Insurance

7,880

7,608

7,608

Legal Advertisements

2,000

4,200

3,144

Miscellaneous

950

950

677

Postage

250

70

55

Office Supplies

325

250

228

Dues & Subscriptions

175

175

175

Trustee Fee

3,500

3,500

3,500

Continuing Disclosure Fee

350

350

350

Website Management

2,000

2,000

2,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	75,744

$	75,554

$	72,768

MAINTENANCE EXPENDITURES

Aquatic Maintenance

5,500

6,480

6,480

General Community Maintenance

500

250

0

Lawn Maintenance

15,000

15,000

13,654

Fountain Maintenance & Upkeep

4,400

3,300

2,218

Electricity/FPL - Fountains

10,000

10,544

10,544

Engineering/Inspections

1,250

1,825

1,825

Lake Bank - Erosion Control

300

100

0

Maintenance/Contingency

500

250

0

TOTAL MAINTENANCE EXPENDITURES

$	37,450

$	37,749

$	34,721

TOTAL EXPENDITURES

$	113,194

$	113,303

$	107,489

REVENUES LESS EXPENDITURES

$	94,137

$	96,309

$	102,123

Bond Payments

(91,800)

(92,561)

(92,561)

BALANCE

$	2,337

$	3,748

$	9,562

County Appraiser & Tax Collector Fee

(4,139)

(1,986)

(1,986)

Discounts For Early Payments

(8,278)

(7,097)

(7,097)

EXCESS/ (SHORTFALL)

$	(10,080)

$	(5,335)

$	479

Carryover From Prior Year

10,080

10,080

0

NET EXCESS/ (SHORTFALL)

$	-

$	4,745

$	479

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

Notes
Reserve Fund Balance = $7,633*. Revenue Fund Balance = $63,600*. Revenue Fund Balance Used To Make 11/1/2025 Interest Payment Of $17,020.
* Approximate Amounts

	Series 2020 Bond Refunding Information	

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

$1,105,000 2.5% - 4%
October 2020
May 2037

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$851,000

II

10/9/2025 11:36 AM

$64,211

$7,046

$71,257

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

2,850

2,825

NAV Tax Collection

91,800

92,561

92,561

Total Revenues

$	92,200

$	95,411

$	95,387

EXPENDITURES

Principal Payments

53,000

53,000

53,000

Interest Payments

34,703

35,365

35,365

Bond Redemption

4,497

0

0

Total Expenditures

$	92,200

$	88,365

$	88,365

Excess/ (Shortfall)

$	-

$	7,046

$	7,022