Everlands 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 BUDGET

III	ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O&M Assessments	39,800	
Developer Contribution	51,647	
Debt Assessments	617,319	
Debt Assessments - Direct Bill	0	
Interest Income	0	
TOTAL REVENUES	$	708,766	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	36,000	
Legal	15,000	
Assessment Roll	7,500	
Audit Fees	4,100	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	5,000	
Miscellaneous	1,000	
Postage	300	
Office Supplies	1,000	
Dues & Subscriptions	175	
Trustee Fees	4,200	
Continuing Disclosure Fee	1,000	
Dissemination Services	2,500	
Total Administrative Expenditures	$	84,425	
		
Maintenance Expenditures		
Engineering/Inspections	5,000	
Miscellaneous Maintenance	0	
		
Total Maintenance Expenditures	$	5,000	
		
TOTAL EXPENDITURES	$	89,425	
		
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 PROPOSED BUDGET
EVERLANDS 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	
O&M Assessments	0	39,800	39,800	O&M Assessments	
Developer Contribution	87,475	0	51,527	Amount Subject To Number Of Platted Lots	
Debt Assessments	0	617,319	617,319	Bond Payments/.94	
Debt Assessments - Direct Bill	0	0	0	Amount Subject To Number Of Platted Lots	
Interest Income	22	0	120	Projected At $10 Per Month	
TOTAL REVENUES	$	87,497	$	657,119	$	708,766		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	33,000	36,000	36,000	$3,000 X 12 Months	
Legal	12,808	30,000	15,000	FY 2024/2025 Expenditure Through Jan 2025 Was $2,110	
Assessment Roll	3,750	7,500	7,500	As Per Contract	
Audit Fees	0	4,000	4,100	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	0	650	650	No Change From 2024/2025 Budget	
Insurance	2,014	6,000	6,000	FY 2024/2025 Expenditure Was $5,000	
Legal Advertisements	9,389	15,000	5,000	Will Decrease Now That Bond Has Been Issued	
Miscellaneous	159	1,500	1,000	$500 Decrease From 2024/2025 Budget	
Postage	157	300	300	No Change From 2024/2025 Budget	
Office Supplies	420	1,500	1,000	$500 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	0	4,200	4,200	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2024/2025 Budget	
Dissemination Services	0	0	2,500	Required By Bond Underwriter	
Total Administrative Expenditures	$	61,872	$	107,825	$	84,425		
					
Maintenance Expenditures					
Engineering/Inspections	9,903	2,000	5,000	$3,000 Increase From 2024/2025 Budget	
Miscellaneous Maintenance	0	0	0		
					
Total Maintenance Expenditures	$	9,903	$	2,000	$	5,000		
					
TOTAL EXPENDITURES	$	71,775	$	109,825	$	89,425		
					
REVENUES LESS EXPENDITURES	$	15,722	$	547,294	$	619,341		
					
Bond Payments	0	(580,280)	(580,280)	2026 Principal & Interest Payments	
					
BALANCE	$	15,722	$	(32,986)	$	39,061		
					
County Appraiser & Tax Collector Fee	0	(13,020)	(13,020)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	(26,041)	(26,041)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	15,722	$	(72,047)	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2024)
EVERLANDS 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	
1,549	
400	
400	
Projected Interest For 2025/2026	

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

Bond Proceeds	
450,421	
0			

Developer Contribution	
0	
0	
0		

Total Revenues	
$	451,970	
$	580,680	
$	580,680		

EXPENDITURES					

Principal Payments	
0	
125,000	
130,000	
Principal Payment Due In 2026	

Interest Payments	
0	
451,465	
445,600	
Interest Payments Due In 2026	

Bond Redemption	
0	
4,215	
5,080	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	580,680	
$	580,680		

Excess/ (Shortfall)	

$	451,970	

$	-	

$	-		

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 9/1/25 =	June 2054

$8,640,000			

EVERLANDS II COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year
2023/2024	2024/2025	2025/2026
	Assessment*	 	Assessment*	  Projected Assessment* 

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

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

Community Information Total: 398 Units