Everlands II Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE BUDGET

III	ASSESSMENT COMPARISON

FINAL BUDGET
EVERLANDS II COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025
BUDGET	
O&M Assessments	39,800	
Developer Contribution	72,047	
Debt Assessments	617,319	
Interest Income	0	
		
TOTAL REVENUES	$	729,166	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	36,000	
Legal	30,000	
Assessment Roll	7,500	
Audit Fees	4,000	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	15,000	
Miscellaneous	1,500	
Postage	300	
Office Supplies	1,500	
Dues & Subscriptions	175	
Trustee Fees	4,200	
Continuing Disclosure Fee	1,000	
		
Total Administrative Expenditures	$	107,825	
		
Maintenance Expenditures		
Engineering/Inspections	2,000	
Miscellaneous Maintenance	0	
		
Total Maintenance Expenditures	$	2,000	
		
TOTAL EXPENDITURES	$	109,825	
		
REVENUES LESS EXPENDITURES	$	619,341	
		
Bond Payments	(580,280)	
		
BALANCE	$	39,061	
		
County Appraiser & Tax Collector Fee	(13,020)	
Discounts For Early Payments	(26,041)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
EVERLANDS II COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O&M Assessments	0	0	39,800	O&M Assessments Capped At $100	
Developer Contribution	0	89,475	72,047	Amount Subject To Number Of Platted Lots	
Debt Assessments	0	0	617,319	Bond Payments/.94 ($369,152 for 238 Lots)	
Debt Assessments - Direct Bill	0	0	0	Amount Subject To Number Of Platted Lots	
Interest Income	0	0	0		
TOTAL REVENUES	$	-	$	89,475	$	729,166		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	0	33,000	36,000	$3,000 X 12 Months	
Legal	0	30,000	30,000		
Assessment Roll	0	0	7,500	As Per Contract	
Audit Fees	0	0	4,000		
Arbitrage Rebate Fee	0	0	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	0	6,000	6,000		
Legal Advertisements	0	15,000	15,000		
Miscellaneous	0	1,500	1,500		
Postage	0	300	300		
Office Supplies	0	1,500	1,500		
Dues & Subscriptions	0	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	0	0	4,200	Will Commence In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	0	1,000	Will Commence In Fiscal Year Following Issuing Of Bond	
					
Total Administrative Expenditures	$	-	$	87,475	$	107,825		
					
Maintenance Expenditures					
Engineering/Inspections	0	2,000	2,000	Engineers Report To Be Included In Bond Cost Of Issuance	
Miscellaneous Maintenance	0	0	0		
					
Total Maintenance Expenditures	$	-	$	2,000	$	2,000		
					
TOTAL EXPENDITURES	$	-	$	89,475	$	109,825		
					
REVENUES LESS EXPENDITURES	$	-	$	-	$	619,341		
					
Bond Payments	0	0	(580,280)	2025 Principal & Interest Payments	
					
BALANCE	$	-	$	-	$	39,061		
					
County Appraiser & Tax Collector Fee	0	0	(13,020)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	(26,041)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	-	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2024)
EVERLANDS II COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	

FISCAL YEAR

2022/2023

ACTUAL	

FISCAL YEAR

2023/2024

BUDGET	

FISCAL YEAR

2024/2025

BUDGET	

COMMENTS	

Interest Income	
0	
0	
400	
Projected Interest For 2024/2025	

Developer Contribution	
0	
0	
0		

NAV Tax Collection	
0	
0	
580,280	
Maximum Debt Service Collection	

Total Revenues	
$	-	
$	-	
$	580,680		

EXPENDITURES					

Principal Payments	
0	
0	
125,000	
Principal Payment Due In 2025	

Interest Payments	
0	
0	
451,465	
Interest Payments Due In 2025	

Bond Redemption	
0	
0	
4,215	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	580,680		

Excess/ (Shortfall)	

$	-	

$	-	

$	-		

Series 2024 Bond Information

Original Par Amount =	$8,640,000	Annual Principal Payments Due =	December 15th	
Interest Rate =	4.60% - 5.45%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	August 2024			
Maturity Date =

Par Amount As Of 9/1/24 =	June 2054

$8,640,000			

EVERLANDS II COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year
2023/2024	2024/2025
	Assessment*	  Projected Assessment* 

O & M For Single Family	$	-	$	100.00	
Debt For Single Family	$	-		$	1,551.06	
Total For Single Family	$	-	$	1,651.06	

* Assessments Include the Following:	Per Methodology
4% Discount for Early Payments	238 Lots Have
1% County Tax Collector Fee	Been Platted 1% County Property Appraiser Fee
As Of 7-30-24
Community Information		County Has Total: 398 Units	Provided Folios
For 124 Lots

7/30/2024 3:24 PM	IV