Century Gardens At Tamiami Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

TABLE OF CONTENTS

Budget Summary

Final Budget

I

Detailed Final Budget

II

Final Clubhouse Operating Budget

III

Debt Service

Final Series 2014 Debt Service Fund Budget (Expansion Units)

IV

Final Series 2016 Debt Service Fund Budget (Original Units)

V

Final Series 2017 Debt Service Fund Budget (Tract B Townhomes)

VI

Final Series 2018 Debt Service Fund Budget (Clubhouse)

VII

Assessment Comparison

Assessment Comparison

VIII

FINAL BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

I

8/14/2025 7:44 AM

REVENUES

FISCAL YEAR 2025/2026 BUDGET

Administrative Assessments

53,318

Maintenance Assessments

41,383

Clubhouse Assessments

343,994

Debt Assessments (Series 2014 - Expansion Area)

431,583

Debt Assessments (Series 2016 - Original Units)

437,905

Debt Assessments (Series 2017 - Townhomes)

42,452

Debt Assessments (Series 2018 - Clubhouse)

305,685

Other Revenue

0

Other Revenue - Clubhouse

0

Interest Income

900

TOTAL REVENUES

$	1,657,220

EXPENDITURES

MAINTENANCE EXPENDITURES

Engineering - Annual Report/Inspections

3,500

Park Landscaping Maintenance (Includes Mulch)

20,000

Park Maintenance & Equipment Reserve

9,000

Street/Roadway & Stormwater System Maintenance

4,000

Irrigation System Pump Station Maintenance

4,000

Field Operation Management

1,200

General Maintenance/Contingency

2,000

TOTAL MAINTENANCE EXPENDITURES

$	43,700

TOTAL CLUBHOUSE EXPENDITURES

$	399,376

ADMINISTRATIVE ASSESSMENTS

Supervisor Fees

1,500

Payroll Taxes - Employer

115

Management

36,144

Legal

14,000

Assessment Roll

7,500

Audit Fees

6,200

Arbitrage Rebate Fees

1,300

Insurance

8,500

Legal Advertisements

2,500

Miscellaneous

750

Postage

550

Office Supplies

675

Dues & Subscriptions

175

Trustee Fees

17,000

Continuing Disclosure Fees

1,400

Website Management

2,000

Administrative Contingency

1,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	101,309

TOTAL EXPENDITURES

$	544,385

EXCESS/ (SHORTFALL)

$	1,112,835

Bond Payments (Series 2014 - Expansion Units)

(405,688)

Bond Payments (Series 2016 - Original Units)

(411,631)

Bond Payments (Series 2017 - Townhomes)

(39,905)

Bond Payments (Series 2018 - Clubhouse)

(287,344)

BALANCE

$	(31,733)

County Appraiser & Tax Collector Fee

(33,126)

Discounts For Early Payments

(66,253)

NET EXCESS/ (SHORTFALL)

$	(131,112)

Carryover From Prior Year (Operating)

55,090

Carryover From Prior Year (Clubhouse)

76,022

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

II

8/14/2025 7:44 AM

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Administrative Assessments

56,460

53,370

53,318

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

42,726

41,383

41,383

Expenditures/.94

Clubhouse Assessments

340,014

343,994

343,994

Expenditures/.94

Debt Assessments (Series 2014 - Expansion Area)

430,392

431,583

431,583

Payment To Trustee/.94

Debt Assessments (Series 2016 - Original Units)

437,801

437,905

437,905

Payment To Trustee/.94

Debt Assessments (Series 2017 - Townhomes)

47,639

42,452

42,452

Payment To Trustee/.94

Debt Assessments (Series 2018 - Clubhouse)

302,302

305,685

305,685

Payment To Trustee/.94

Other Revenue

0

0

0

Other Revenue

Other Revenue - Clubhouse

4,628

0

0

Interest Income

40,358

600

900

Interest Estimated At $75 Per Month

TOTAL REVENUES

$	1,702,320

$	1,656,972

$	1,657,220

EXPENDITURES

MAINTENANCE EXPENDITURES

Engineering - Annual Report/Inspections

2,295

3,500

3,500

No Change From 2024/2025 Budget

Park Landscaping Maintenance (Includes Mulch)

0

16,800

20,000

$3,200 Increase From 2024/2025 Budget

Park Maintenance & Equipment Reserve

15,347

9,000

9,000

No Change From 2024/2025 Budget

Street/Roadway & Stormwater System Maintenance

0

4,000

4,000

No Change From 2024/2025 Budget

Irrigation System Pump Station Maintenance

0

2,400

4,000

$1,600 Increase From 2024/2025 Budget

Field Operation Management

1,200

1,200

1,200

No Change From 2024/2025 Budget

General Maintenance/Contingency

0

2,000

2,000

No Change From 2024/2025 Budget

TOTAL MAINTENANCE EXPENDITURES

$	18,842

$	38,900

$	43,700

TOTAL CLUBHOUSE EXPENDITURES

$	229,760

$	416,709

$	399,376

ADMINISTRATIVE ASSESSMENTS

Supervisor Fees

0

1,500

1,500

No Change From 2024/2025 Budget

Payroll Taxes - Employer

0

115

115

Supervisor Fees * 7.65%

Management

34,116

35,136

36,144

CPI Adjustments

Legal

7,980

14,000

14,000

No Change From 2024/2025 Budget

Assessment Roll

7,500

7,500

7,500

As Per Contract

Audit Fees

5,800

6,000

6,200

Accepted Amount For 2024/2025 Audit

Arbitrage Rebate Fees

1,300

1,300

1,300

Fees For Two Bonds (2014,2016)
2017 & 2018 Bonds Qualify For Small User Exception

Insurance

8,000

8,032

8,500

Insurance Estimate

Legal Advertisements

1,926

2,000

2,500

Costs Have Increased Due To Closing Of The Miami Business Review

Miscellaneous

588

775

750

$25 Decrease From 2024/2025 Budget

Postage

176

550

550

No Change From 2024/2025 Budget

Office Supplies

824

675

675

No Change From 2024/2025 Budget

Dues & Subscriptions

175

175

175

No Change From 2024/2025 Budget

Trustee Fees

16,496

17,000

17,000

Trustee Fees For Four Bonds (2014,2016,2017,2018)

Continuing Disclosure Fees

1,400

1,400

1,400

Disclosure Fees For Four Bonds (2014,2016,2017,2018)

Website Management

2,000

2,000

2,000

No Change From 2024/2025 Budget

Administrative Contingency

0

1,000

1,000

Administrative Contingency

TOTAL ADMINISTRATIVE EXPENDITURES

$	88,281

$	99,158

$	101,309

TOTAL EXPENDITURES

$	336,883

$	554,767

$	544,385

EXCESS/ (SHORTFALL)

$	1,365,437

$	1,102,205

$	1,112,835

Bond Payments (Series 2014 - Expansion Units)

(411,243)

(405,688)

(405,688)

2026 Principal & Interest Payments

Bond Payments (Series 2016 - Original Units)

(417,267)

(411,631)

(411,631)

2026 Principal & Interest Payments

Bond Payments (Series 2017 - Townhomes)

(40,452)

(39,905)

(39,905)

2026 Principal & Interest Payments

Bond Payments (Series 2018 - Clubhouse)

(291,276)

(287,344)

(287,344)

2026 Principal & Interest Payments

BALANCE

$	205,199

$	(42,363)

$	(31,733)

County Appraiser & Tax Collector Fee

(11,799)

(33,127)

(33,126)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(62,411)

(66,255)

(66,253)

Four Percent Of Total Assessment Roll

NET EXCESS/ (SHORTFALL)

$	130,989

$	(141,745)

$	(131,112)

Carryover From Prior Year (Operating)

0

48,390

55,090

Carryover From Prior Year (Operating)

Carryover From Prior Year (Clubhouse)

0

93,355

76,022

Carryover From Prior Year (Clubhouse)

NET EXCESS/ (SHORTFALL)

$	130,989

$	-

$	-

DETAILED FINAL EXPANSION AREA 2018 PROJECT BUDGET (CLUBHOUSE)
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

III

8/14/2025 7:44 AM

CLUBHOUSE OPERATIONS & MAINTENANCE EXPENDITURES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025
ACTUAL THROUGH
MARCH 2025

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Access Control

0

0

750

750

Access Control

Alarm Monitoring

899

466

1,000

1,000

Monitoring Of Clubhouse Fire & Security Alarm Systems

A/C Maintenance/Repairs

1,360

960

3,000

3,000

A/C Maintenance/Repairs

Gym Equipment Maintenance Reserve

2,477

2,364

6,000

6,000

Gym Equipment Maintenance Reserve

Telephone, Cable & Internet Service

3,257

1,561

3,800

3,800

No Change From 2024/2025 Budget

FPL Power

11,567

5,473

15,000

15,000

Electricity For Club Lighting, Pool, Cabana & Irrigation Pump

General Maintenance & Repairs

6,749

5,702

30,000

25,000

$5,000 Decrease From 2024/2025 Budget

Insurance - Property/Casualty/Liability

20,829

21,950

24,326

24,326

Insurance Estimate - Property/Casualty/Liability

Irrigation Repairs & Maintenance

1,429

827

2,000

4,000

$2,000 Increase From 2024/2025 Budget

Janitorial Services & Supplies

17,335

8,906

25,000

23,000

$2,000 Decrease From 2024/2025 Budget

Landscape Maintenance (Mulch & Plant Replacement)

24,296

12,525

34,000

34,000

Landscape Maintenance (Mulch & Plant Replacement)

Management Fees (Castle)

13,402

8,261

15,000

15,000

Management Fees (Castle)

Office & Kitchen Supplies

1,628

686

1,800

1,800

No Change From 2024/2025 Budget

Payroll - Club Staff

69,626

28,142

85,000

75,000

$10,000 Decrease From 2024/2025 Budget

Payroll - Club Staff Health Insurance

5,280

2,048

8,000

7,000

$1,000 Decrease From 2024/2025 Budget

Pest Control - Interior & Exterior

525

260

1,200

1,200

Pest Control - Interior & Exterior

Pool & Spa Maintenance

24,238

11,173

30,000

30,000

Pool & Spa Maintenance

Printing & Postage

0

0

500

500

Printing & Postage

Property Taxes

0

0

1,000

1,000

Property Taxes

Water & Sewer

2,344

1,807

8,000

5,000

$3,000 Decrease From 2024/2025 Budget

Computer Services

0

0

2,000

2,000

No Change From 2023/2024 Budget

Security

10,913

2,672

17,000

17,000

Security

Oversight & Financial Management

6,000

3,000

6,000

6,000

Oversight & Financial Management

Contingency/Reserve

5,606

0

25,000

20,000

Contingency/Reserve

Pool Equip, Room Roof Project Reserve

0

0

15,000

15,000

Pool Equip, Room Roof Project Reserve

Electrostatic Paint - Fences & Doors Project

0

0

0

0

Line Item Eliminated

Camera System Maintenance

0

1,375

3,000

3,000

Camera System Maintenance

Pool & Spa Diamond Brite Project Reserve

0

0

43,333

50,000

Increased - Three Year Project (Third Year)

Clubhouse & Mail Hut Roof Replacement Reserve

0

0

10,000

10,000

Eighteen Year Project (Third Year)

TOTAL CLUBHOUSE OPERATIONS & MAINTENANCE EXPENDITURES

$	229,760

$	120,158

$	416,709

$	399,376

Carryover From Prior Year

0

0

93,355

76,022

Carryover From Prior Year

TOTAL CLUB OPERATIONS & MAINTENANCE EXPENDITURES

Operating Expenditures

229,760

120,158

323,354

323,354

$726.64 Per Year * 445 Units = $323,354

Assessment Including Discounts & Fees ($726.64/.94 =

$773.02 Per Year * 445 Units = $343,994)

DETAILED FINAL DEBT SERVICE FUND (SERIES 2014) BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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 = Annual Interest Payments Due =

November 1st
May 1st & November 1st

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

Par Amount As Of 1-1-25 =

$4,995,000

IV

8/14/2025 7:44 AM

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

24,156

400

1,200

Projected Interest For 2025/2026

NAV Tax Collection

411,243

405,688

405,688

Maximum Debt Service Collection

Total Revenues

$	435,399

$	406,088

$	406,888

EXPENDITURES

Principal Payments

140,000

150,000

160,000

Principal Payment Due In 2026

Interest Payments

257,550

249,750

242,250

Interest Payments Due In 2026

Bond Redemption

0

$	6,338

$	4,638

Estimated Excess Debt Collections

Total Expenditures

$	397,550

$	406,088

$	406,888

Excess/ (Shortfall)

$	37,849

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND (SERIES 2016) BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2016 Bond Refunding Information

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

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

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

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

Par Amount As Of 1-1-25 =

$4,260,000

V

8/14/2025 7:44 AM

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

22,991

400

1,200

Projected Interest For 2025/2026

NAV Tax Collection

417,267

411,631

411,631

Maximum Debt Service Collection

Total Revenues

$	440,258

$	412,031

$	412,831

EXPENDITURES

Principal Payments

245,000

250,000

255,000

Principal Payment Due In 2026

Interest Payments

170,263

160,388

152,813

Interest Payments Due In 2026

Bond Redemption

0

1,643

5,018

Estimated Excess Debt Collections

Total Expenditures

$	415,263

$	412,031

$	412,831

Excess/ (Shortfall)

$	24,995

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND (SERIES 2017) BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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 =
Annual Interest Payments Due =

December 15th
June 15th & December 15th

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

Par Amount As Of 1-1-25 =

$560,000

VI

8/14/2025 7:44 AM

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

2,472

300

600

Projected Interest For 2025/2026

NAV Tax Collection

40,452

39,905

39,905

Maximum Debt Service Collection

Total Revenues

$	42,924

$	40,205

$	40,505

EXPENDITURES

Principal Payments

14,000

15,000

15,000

Principal Payment Due In 2026

Interest Payments

25,419

24,623

24,023

Interest Payments Due In 2026

Bond Redemption

0

582

1,482

Estimated Excess Debt Collections

Total Expenditures

$	39,419

$	40,205

$	40,505

Excess/ (Shortfall)

$	3,505

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND (SERIES 2018) BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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 =
Annual Interest Payments Due =

November 1st
May 1st & November 1st

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

Par Amount As Of 1-1-25 =

$4,260,000

VII

8/14/2025 7:44 AM

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

19,223

400

1,200

Projected Interest For 2025/2026

NAV Tax Collection

291,276

287,344

287,344

Maximum Debt Service Collection

Total Revenues

$	310,499

$	287,744

$	288,544

EXPENDITURES

Principal Payments

105,000

110,000

115,000

Principal Payment Due In 2026

Interest Payments

180,069

174,819

170,969

Interest Payments Due In 2026

Bond Redemption

0

2,925

2,575

Estimated Excess Debt Collections

Total Expenditures

$	285,069

$	287,744

$	288,544

Excess/ (Shortfall)

$	25,430

$	-

$	-

Century Gardens At Tamiami Community Development District Assessment Comparison

Fiscal Year 2021/2022
Assessment Before Discount*

Fiscal Year 2022/2023
Assessment Before Discount*

Fiscal Year 2023/2024
Assessment Before Discount*

Fiscal Year 2024/2025
Assessment Before Discount*

Fiscal Year 2025/2026
Projected Assessment Before Discount*

Original Units
Administrative Assessment For 22' Townhomes
Maintenance Assessment For 22' Townhomes Debt Assessment For 22' Townhomes
Total

$
$

56.44
50.03

$
$

57.59
48.84

$
$

59.96
46.45

$
$

59.90
46.45

$
$

59.85
46.45

$	719.47

$	719.47

$	719.47

$	719.47

$	719.47

$

825.94

$

825.90

$

825.88

$

825.82

$

825.77

Administrative Assessment For 30' Townhomes Maintenance Assessment For 30' Townhomes
Debt Assessment For 30' Townhomes
Total

$
$

56.44
50.03

$
$

57.59
48.84

$
$

59.96
46.45

$
$

59.90
46.45

$
$

59.85
46.45

$	873.67

$	873.67

$	873.67

$	873.67

$	873.67

$

980.14

$

980.10

$

980.08

$

980.02

$

979.97

Administrative Assessment For Single Family Homes
Maintenance Assessment For Single Family Homes Debt Assessment For Single Family Homes
Total

$
$

56.44
50.03

$
$

57.59
48.84

$
$

59.96
46.45

$
$

59.90
46.45

$
$

59.85
46.45

$	1,284.79

$	1,284.79

$	1,284.79

$	1,284.79

$	1,284.79

$

1,391.26

$

1,391.22

$

1,391.20

$

1,391.14

$

1,391.09

Expansion Area Units Administrative Assessment For Villas Maintenance Assessment For Villas Clubhouse O&M Assessment For Villas
Clubhouse Debt Assessment For Villas Debt Assessment For Villas
Total

$
$
$
$

56.44
50.03
773.02
686.94

$
$
$
$

57.59
48.84
773.02
686.94

$
$
$
$

59.96
46.45
773.02
686.94

$
$
$
$

59.90
46.45
773.02
686.94

$
$
$
$

59.85
46.45
773.02
686.94

$	744.68

$	744.68

$	744.68

$	744.68

$	744.68

$

2,311.11

$

2,311.07

$

2,311.05

$

2,310.99

$

2,310.94

Administrative Assessment For Townhomes Maintenance Assessment For Townhomes Clubhouse O&M Assessment For Townhomes
Clubhouse Debt Assessment For Townhomes Debt Assessment For Townhomes
Total

$
$
$
$

56.44
50.03
773.02
686.94

$
$
$
$

57.59
48.84
773.02
686.94

$
$
$
$

59.96
46.45
773.02
686.94

$
$
$
$

59.90
46.45
773.02
686.94

$
$
$
$

59.85
46.45
773.02
686.94

$	944.68

$	944.68

$	944.68

$	944.68

$	944.68

$

2,511.11

$

2,511.07

$

2,511.05

$

2,510.99

$

2,510.94

Administrative Assessment For Single Family Homes Maintenance Assessment For Single Family Homes Clubhouse O&M Assessment For Single Family Homes
Clubhouse Debt Assessment For Single Family Homes Debt Assessment For Single Family Homes
Total

$
$
$
$

56.44
50.03
773.02
686.94

$
$
$
$

57.59
48.84
773.02
686.94

$
$
$
$

59.96
46.45
773.02
686.94

$
$
$
$

59.90
46.45
773.02
686.94

$
$
$
$

59.85
46.45
773.02
686.94

$	1,595.75

$	1,595.75

$	1,595.75

$	1,595.75

$	1,595.75

$

3,162.18

$

3,162.14

$

3,162.12

$

3,162.06

$

3,162.01

Tract B Townhomes
Administrative Assessment For Tract B Townhomes Maintenance Assessment For Tract B Townhomes Clubhouse O&M Assessment For Tract B Townhomes
Clubhouse Debt Assessment For Tract B Townhomes Debt Assessment For Tract B Townhomes
Total

$
$
$
$

89.85
50.03
773.02
686.94

$
$
$
$

91.00
48.84
773.02
686.94

$
$
$
$

93.37
46.45
773.02
686.94

$
$
$
$

93.31
46.45
773.02
686.94

$
$
$
$

93.26
46.45
773.02
686.94

$	903.25

$	903.25

$	903.25

$	903.25

$	903.25

$

2,503.09

$

2,503.05

$

2,503.03

$

2,502.97

$

2,502.92

* Assessments Include the Following : 4% Discount for Early Payments

1% County Tax Collector Fee
1% County Property Appraiser Fee

TOTAL UNITS
Original Units: Expansion Area Units:
Tract B Townhomes (Expansion Area):
Total Units

Community Information Original Units
22' Townhomes
30' Townhomes Single Family Homes Total Original Units

446
398
47
891

188
67
191
446

Original Units - Single Family Homes Information
Total Units Prepayments Billed For Debt

191
1
190

Expansion Area Units Villas
Townhomes
Single Family Homes
Total Expansion Area Units

160
101
137
398

Expansion - Single Family Homes Information
Total Units Prepayments Billed For Debt

137
1
136

Tract B Townhomes (Expansion Area)
Expansion Area Total Units

47
445

VII

8/14/2025 7:44 AM