Century Gardens At Tamiami 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 CLUBHOUSE BUDGET

III

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014)

IV

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2016)

V

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2017)

VI

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2018)

AMENDED FINAL BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover From Prior Year Of $48,390 was used to reduce Fiscal Year 2024/2025 Assessments. Carryover From Prior Year Of $55,090 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

$756,429

($38,150)

$718,279

$513,392

$204,887

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

LESS PROJECTED CLUBHOUSE FUND BALANCE AS OF 9/30/25

OPERATING 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 - 8/31/25

Administrative Assessments

53,370

58,197

58,197

Maintenance Assessments

41,383

41,387

41,387

Clubhouse O&M Assessments

343,994

343,994

343,994

Debt Assessments - Series 2014 (Expansion Units)

431,583

431,584

431,584

Debt Assessments - Series 2016 (Original Units)

437,905

437,906

437,906

Debt Assessments - Series 2017 (Townhomes)

42,452

42,453

42,453

Debt Assessments - Series 2018 (Clubhouse)

305,685

305,688

305,688

Other Revenues

0

0

0

Other Revenues - Clubhouse

0

3,335

3,335

Interest Income

600

26,500

25,838

TOTAL REVENUES

$	1,656,972

$	1,691,044

$	1,690,382

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

1,500

0

0

Payroll Taxes (Employer)

115

0

0

Management

35,136

35,136

32,208

Legal

14,000

12,000

9,500

Assessment Roll

7,500

7,500

0

Audit Fees

6,000

6,000

6,000

Arbitrage Rebate Fees

1,300

1,300

0

Insurance

8,032

8,032

8,032

Legal Advertisements

2,000

2,300

1,302

Miscellaneous

775

800

739

Postage

550

425

402

Office Supplies

675

675

643

Dues & Subscriptions

175

175

175

Trustee Fees

17,000

16,496

16,496

Continuing Disclosure Fees

1,400

1,400

0

Website Management

2,000

2,000

1,833

Administrative Contingency

1,000

1,000

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	99,158

$	95,239

$	77,330

MAINTENANCE EXPENDITURES

Engineering - Annual Report/Inspections

3,500

3,278

3,278

Park Landscaping Maintenance (Includes Mulch)

16,800

16,800

14,777

Park Maintenance & Equipment

9,000

6,000

3,170

Street/Roadway & Stormwater System Maintenance

4,000

1,000

0

Irrigation System Pump Station Maintenance

2,400

1,000

0

Field Operation Management

1,200

1,200

1,100

General Maintenance/Contingency

2,000

2,000

0

TOTAL MAINTENANCE EXPENDITURES

$	38,900

$	31,278

$	22,325

TOTAL CLUBHOUSE EXPENDITURES

$	416,709

364,514

229,946

TOTAL EXPENDITURES

$	554,767

$	491,031

$	329,601

REVENUES LESS EXPENDITURES

$	1,102,205

$	1,200,013

$	1,360,781

Bond Payments - Series 2014 (Expansion Units)

(405,688)

(411,472)

(411,472)

Bond Payments - Series 2016 (Original Units)

(411,631)

(417,500)

(417,500)

Bond Payments - Series 2017 (Townhomes)

(39,905)

(40,475)

(40,475)

Bond Payments - Series 2018 (Clubhouse)

(287,344)

(291,441)

(291,441)

BALANCE

$	(42,363)

$	39,125

$	199,893

County Appraiser & Tax Collector Fee

(33,127)

(15,976)

(15,976)

Discounts For Early Payments

(66,255)

(61,299)

(61,299)

EXCESS/ (SHORTFALL)

$	(141,745)

$	(38,150)

$	122,618

Carryover From Prior Year (Operating)

48,390

48,390

0

Carryover From Prior Year (Clubhouse)

93,355

93,355

0

NET EXCESS/ (SHORTFALL)

$	-

$	103,595

$	122,618

AMENDED FINAL BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT CLUBHOUSE
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Discounts and Fees Actual Amounts Estimated As 20.8% Of Total District Discounts & Fees.
Fund Balance Includes Reserves (Pool Spa - $43,333 & Mail Hut Roof - $5,600). Reserves To Be Adjusted On 10-1-25.
Carryover From Prior Year Of $93,355 was used to reduce Fiscal Year 2024/2025 Assessments. Carryover From Prior Year Of $76,022 to be used to reduce Fiscal Year 2025/2026 Assessments.

II

$546,650

($33,258)

$513,392

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

CLUBHOUSE 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 - 8/31/25

Clubhouse - O&M Assessments

343,994

343,994

343,994

Clubhouse - Rentals

0

1,750

1,750

Cluhouse - Key Fobs

0

645

645

Other Revenue - Security Payments

0

940

940

Total Cluhouse Revenues

$	343,994

$	347,329

$	347,329

CLUBHOUSE OPERATIONS & MAINTENANCE EXPENDITURES

Access Control

750

250

0

Alarm Monitoring

1,000

1,000

866

AC Maintenance/Repairs

3,000

3,500

3,000

Gym Equipment Maintenance

6,000

5,000

3,827

Telephone, Cable & Internet Service

3,800

3,500

2,849

FPL Power

15,000

13,000

10,683

General Maintenance & Repairs

30,000

22,000

14,832

Insurance - Property/Casualty/Liability

24,326

21,950

21,950

Irrigation Repairs & Maintenance

2,000

1,500

827

Janitorial Services & Supplies

25,000

20,000

16,211

Landscape Maintenance (Mulch & Plant Replacement)

34,000

34,000

29,991

Management Fees (Castle)

15,000

13,831

12,678

Office & Kitchen Supplies

1,800

1,500

1,134

Payroll - Club Staff

85,000

64,000

58,117

Payroll - Club Staff Health Insurance

8,000

4,500

3,478

Pest Control - Interior & Exterior

1,200

650

455

Pool & Spa Maintenance

30,000

30,000

25,963

Printing & Postage

500

0

0

Property Taxes

1,000

0

0

Water & Sewer

8,000

6,000

2,460

Computer Services

2,000

0

0

Security

17,000

17,000

13,094

Oversight & Financial Management

6,000

6,000

5,500

Contingency

25,000

25,000

656

Roof On Pool Room Project

15,000

15,000

0

Camera System Maintenance

3,000

2,000

1,375

Clubhouse Pool & Spa Diamond Brite Project

43,333

43,333

0

Clubhouse & Mail Hut Roof Replacement Reserve

10,000

10,000

0

TOTAL CLUBHOUSE OPERATIONS & MAINTENANCE EXPENDITURES

$	416,709

$	364,514

$	229,946

Clubhouse Revenues Less Expenditures

$	(72,715)

$	(17,185)

$	117,383

County Appraiser & Tax Collector Fee

(6,880)

(3,323)

(3,323)

Discounts For Early Payments

(13,760)

(12,750)

(12,750)

Excess/ (Shortfall)

$	(93,355)

$	(33,258)

$	101,310

Carryover From Prior Year

93,355

93,355

0

Net Excess/ (Shortfall)

$	-

$	60,097

$	101,310

AMENDED FINAL BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2014 - EXPANSION AREA)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $102,961*. Revenue Fund Balance = $470,542*.
Revenue Fund Account Balance To Be Used To Make 11/1/25 Bond Payment Of $274,875 - Principal Payment: $150,000 - Interest Payment: $124,875.
* Approximate Amounts

Section Of District Obligated To Pay Series 2014 Bonds: Expansion Units

Series 2014 Bond Information

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

$6,175,000 4.00% - 5.00%
September 2014
November 2044

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

Par Amount As Of 9/30/25 =

$4,995,000

III

$542,354

$30,722

$573,076

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 - 8/31/25

Interest Income

400

21,500

21,013

NAV Tax Collection

405,688

411,472

411,472

Total Revenues

$	406,088

$	432,972

$	432,485

EXPENDITURES

Principal Payments

150,000

150,000

150,000

Interest Payments

249,750

252,250

252,250

Bond Redemption

6,338

0

0

Total Expenditures

$	406,088

$	402,250

$	402,250

Net Excess/ (Shortfall)

$	-

$	30,722

$	30,235

AMENDED FINAL BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2016 - ORIGINAL UNITS)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $235,397*. Revenue Fund Balance = $191,307*.
Revenue Fund Account Balance To Be Used To Make 11/1/25 Interest Payment Of $78,719.
* Approximate Amounts

Section Of District Obligated To Pay Series 2016 Bonds: Original Units

Series 2016 Bond Refunding Information
Original Par Amount =

$5,860,000 2.00% - 4.25%
August 2016
May 2037

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

Interest Rate = Issue Date = Maturity Date =

Par Amount As Of 9/30/25 =

$3,845,000

IV

$403,841

$22,863

$426,704

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 - 8/31/25

Interest Income (2016)

400

19,500

19,074

NAV Tax Collection

411,631

417,500

417,500

Total Revenues

$	412,031

$	437,000

$	436,574

EXPENDITURES

Principal Payments (2016)

250,000

250,000

250,000

Interest Payments (2016)

160,388

164,137

164,137

Bond Redemption

1,643

0

0

Total Expenditures

$	412,031

$	414,137

$	414,137

Net Excess/ (Shortfall)

$	-

$	22,863

$	22,437

AMENDED FINAL BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2017 - TOWNHOMES)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $10,153*. Revenue Fund Balance = $43,890*.
Revenue Fund Account Balance To Be Used To Make 12/15/25 Bond Payment Of $27,311 - Principal Payment: $15,000 - Interest Payment: $12,311.
* Approximate Amounts

Section Of District Obligated To Pay Series 2017 Bonds: Tract B Townhomes

 Series 2017 Bond Information	

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

$650,000 2.00% - 4.25%
December 2017
December 2047

Annual Principal Payments Due: December 15th
Annual Interest Payments Due: June 15th & December 15th

Par Amount As Of 9/30/25 =

$560,000

V

$50,281

$3,772

$54,053

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 - 8/31/25

Interest Income (2017)

300

2,200

2,103

NAV Tax Collection

39,905

40,475

40,475

Total Revenues

$	40,205

$	42,675

$	42,578

EXPENDITURES

Principal Payments (2017)

15,000

14,000

14,000

Interest Payments (2017)

24,623

24,903

24,903

Bond Redemption

582

0

0

Total Expenditures

$	40,205

$	38,903

$	38,903

Net Excess/ (Shortfall)

$	-

$	3,772

$	3,675

AMENDED FINAL BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2018 - CLUBHOUSE)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $146,215*. Revenue Fund Balance = $305,430*.
Revenue Fund Account Balance To Be Used To Make 11/1/25 Bond Payment Of $197,409 - Principal Payment: $110,000 - Interest Payment: $87,409.
* Approximate Amounts

Sections Of District Obligated To Pay Series 2018 Bonds: Expansion Units & Tract B Townhomes

Series 2018 Bond Information

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

$4,850,000 3.00% - 4.25%
September 2018
November 2048

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

Par Amount As Of 9/30/25 =

$4,260,000

VI

$425,770

$26,285

$452,055

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 - 8/31/25

Interest Income (2018)

400

16,500

16,090

NAV Tax Collection

287,344

291,441

291,441

Total Revenues

$	287,744

$	307,941

$	307,531

EXPENDITURES

Principal Payments (2018)

110,000

105,000

105,000

Interest Payments (2018)

174,819

176,656

176,656

Bond Redemption

2,925

0

0

Total Expenditures

$	287,744

$	281,656

$	281,656

Net Excess/ (Shortfall)

$	-

$	26,285

$	25,875