Crestview II 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
CRESTVIEW II COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

82,108

Maintenance Assessments

55,266

Debt Assessments

96,845

Interest Income

1,020

TOTAL REVENUES

$	235,239

EXPENDITURES

MAINTENANCE EXPENDITURES

Aquatic Maintenance

6,500

General Community Maintenance

500

Lawn Maintenance

15,000

Fountain Maintenance & Upkeep

14,400

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

$	51,950

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

1,875

Payroll Taxes (Employer)

145

Management

33,432

Secretarial & Field Operations

5,400

Legal

9,250

Assessment Roll

6,000

Audit Fees

3,800

Insurance

8,200

Legal Advertisements

2,750

Miscellaneous

800

Postage

250

Office Supplies

275

Dues & Subscriptions

175

Trustee Fee

3,500

Continuing Disclosure Fee

350

Website Management

2,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	78,202

TOTAL EXPENDITURES

$	130,152

REVENUES LESS EXPENDITURES

$	105,087

Bond Payments

(91,035)

BALANCE

$	14,052

County Appraiser & Tax Collector Fee

(4,685)

Discounts For Early Payments

(9,367)

EXCESS/ (SHORTFALL)

$	-

Carryover From Prior Year

0

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
CRESTVIEW II 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

69,626

66,586

82,108

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

39,509

42,713

55,266

Expenditures/.94

Debt Assessments

96,844

97,659

96,845

Bond Payments/.94

Interest Income

3,805

900

1,020

Interest Projected At $85 Per Month

TOTAL REVENUES

$	209,784

$	207,858

$	235,239

EXPENDITURES

MAINTENANCE EXPENDITURES

Aquatic Maintenance

6,480

5,700

6,500

$800 Decrease From 2025/2026 Budget

General Community Maintenance

0

500

500

No Change From 2025/2026 Budget

Lawn Maintenance

13,654

15,000

15,000

No Change From 2025/2026 Budget

Fountain Maintenance & Upkeep

2,218

3,400

14,400

$11,000 Increase From 2025/2026 Budget

Electric/FPL - Fountains

10,544

10,000

10,000

No Change From 2025/2026 Budget

Engineering/Inspections

1,825

1,250

1,250

No Change From 2025/2026 Budget

Storm Drainage/Class V Permit

0

3,500

3,500

No Change From 2025/2026 Budget

Lake Bank - Erosion Control

0

300

300

No Change From 2025/2026 Budget

Maintenance/Contingency

0

500

500

Maintenance/Contingency

TOTAL MAINTENANCE EXPENDITURES

$	34,721

$	40,150

$	51,950

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

675

1,875

1,875

Supervisor Fees

Payroll Taxes (Employer)

132

145

145

Supervisor Fees * 7.65%

Management

31,644

32,556

33,432

CPI Adjustment

Secretarial & Field Operations

5,400

5,400

5,400

No Change From 2025/2026 Budget

Legal

8,080

9,250

9,250

No Change From 2025/2026 Budget

Assessment Roll

6,000

6,000

6,000

As Per Contract

Audit Fees

3,600

3,700

3,800

Accepted Amount For 2025/2026 Audit

Insurance

7,608

8,100

8,200

Fiscal Year 2025/2026 Expenditure Was $7,606

Legal Advertisements

3,144

2,500

2,750

Costs Have Increased Due To Closing Of The Miami Business Review

Miscellaneous

677

850

800

$50 Decrease From 2025/2026 Budget

Postage

55

250

250

No Change From 2025/2026 Budget

Office Supplies

228

300

275

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

3,500

3,500

3,500

No Change From 2025/2026 Budget

Continuing Disclosure Fee

350

350

350

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

TOTAL ADMINISTRATIVE EXPENDITURES

$	73,268

$	76,951

$	78,202

TOTAL EXPENDITURES

$	107,989

$	117,101

$	130,152

REVENUES LESS EXPENDITURES

$	101,795

$	90,757

$	105,087

Bond Payments

(92,561)

(91,800)

(91,035)

2027 Principal & Interest Payments

BALANCE

$	9,234

$	(1,043)

$	14,052

County Appraiser & Tax Collector Fee

(1,986)

(4,139)

(4,685)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(7,097)

(8,278)

(9,367)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	151

$	(13,460)

$	-

Carryover From Prior Year

0

13,460

0

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	151

$	-

$	-

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

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 =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$851,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

3,078

600

800

Projected Interest For 2026/2027

NAV Tax Collection

92,561

91,800

91,035

Maximum Debt Service Collection

Total Revenues

$	95,639

$	92,400

$	91,835

EXPENDITURES

Principal Payments

53,000

56,000

60,000

Principal Payments Due In 2027

Interest Payments

35,365

32,920

30,600

Interest Payments Due In 2027

Bond Redemption

0

3,480

1,235

Estimated Excess Debt Collections

Total Expenditures

$	88,365

$	92,400

$	91,835

Excess/ (Shortfall)

$	7,274

$	-

$	-

Crestview II 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*	

Administrative
Maintenance Debt
Total

$
$

629.50
281.48

$
$

578.94
332.01

$
$

554.89
355.95

$
$

684.25
460.56

$	813.83

 $	813.83

 $	813.83

 $	813.83

$

1,724.81

$

1,724.78

$

1,724.67

$

1,958.64

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

 Community Information:	

Total Units

120

Total Units

120

 Less Prepayments	1

Units Billed For Debt

119

IV