Century Gardens At Tamiami Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

TABLE OF CONTENTS

Budget Summary

Proposed Budget

I

Detailed Proposed Budget

II

Proposed Clubhouse Operating Budget

III

Debt Service

Proposed Series 2014 Debt Service Fund Budget (Expansion Units)

IV

Proposed Series 2016 Debt Service Fund Budget (Original Units)

V

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

VI

Proposed Series 2018 Debt Service Fund Budget (Clubhouse)

VII

Assessment Comparison

Assessment Comparison

VIII

PROPOSED BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

6/30/2026 8:41 AM

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

107,533

Maintenance Assessments

119,149

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

1,200

TOTAL REVENUES

$	1,789,501

EXPENDITURES

MAINTENANCE EXPENDITURES

Engineering - Annual Report/Inspections

5,000

Park Landscaping Maintenance (Includes Mulch)

25,000

Park Maintenance & Equipment Reserve

8,000

Street/Roadway

0

Stormwater System Maintenance

65,000

Irrigation System Pump Station Maintenance

3,000

Field Operation Management

4,000

General Maintenance/Contingency

2,000

TOTAL MAINTENANCE EXPENDITURES

$	112,000

TOTAL CLUBHOUSE EXPENDITURES

$	351,050

ADMINISTRATIVE ASSESSMENTS

Supervisor Fees

1,500

Payroll Taxes - Employer

115

Management

37,116

Legal

14,000

Assessment Roll

7,500

Audit Fees

6,400

Arbitrage Rebate Fees

1,300

Insurance

8,800

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

500

TOTAL ADMINISTRATIVE EXPENDITURES

$	102,281

TOTAL EXPENDITURES

$	565,331

EXCESS/ (SHORTFALL)

$	1,224,170

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

$	79,602

County Appraiser & Tax Collector Fee

(35,766)

Discounts For Early Payments

(71,532)

NET EXCESS/ (SHORTFALL)

$	(27,696)

Carryover From Prior Year (Operating)

0

Carryover From Prior Year (Clubhouse)

27,696

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

6/30/2026 8:41 AM

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

Administrative Assessments

58,197

53,318

107,533

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

41,387

41,383

119,149

Expenditures/.94

Clubhouse Assessments

343,994

343,994

343,994

Expenditures/.94

Debt Assessments (Series 2014 - Expansion Area)

431,584

431,583

431,583

Payment To Trustee/.94

Debt Assessments (Series 2016 - Original Units)

437,906

437,905

437,905

Payment To Trustee/.94

Debt Assessments (Series 2017 - Townhomes)

42,453

42,452

42,452

Payment To Trustee/.94

Debt Assessments (Series 2018 - Clubhouse)

305,688

305,685

305,685

Payment To Trustee/.94

Other Revenue

0

0

0

Other Revenue

Other Revenue - Clubhouse

3,335

0

0

Interest Income

32,754

900

1,200

Interest Estimated At $100 Per Month

TOTAL REVENUES

$	1,697,298

$	1,657,220

$	1,789,501

EXPENDITURES

MAINTENANCE EXPENDITURES

Engineering - Annual Report/Inspections

3,278

3,500

5,000

$1,500 Increase From 2025/2026 Budget

Park Landscaping Maintenance (Includes Mulch)

19,663

20,000

25,000

$5,000 Increase From 2025/2026 Budget

Park Maintenance & Equipment Reserve

425

9,000

8,000

$1,000 Decrease From 2025/2026 Budget

Street/Roadway

0

4,000

0

Line Item Eliminated

Stormwater System Maintenance

0

0

65,000

Maintenance, Repairs, Baffle Replacement & 5 Year Certification Project

Irrigation System Pump Station Maintenance

0

4,000

3,000

$1,000 Decrease From 2025/2026 Budget

Field Operation Management

1,200

1,200

4,000

$2,800 Increase From 2025/2026 Budget

General Maintenance/Contingency

0

2,000

2,000

No Change From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$	24,566

$	43,700

$	112,000

TOTAL CLUBHOUSE EXPENDITURES

$	250,156

$	399,376

$	351,050

ADMINISTRATIVE ASSESSMENTS

Supervisor Fees

0

1,500

1,500

No Change From 2025/2026 Budget

Payroll Taxes - Employer

0

115

115

Supervisor Fees * 7.65%

Management

35,136

36,144

37,116

CPI Adjustments

Legal

12,508

14,000

14,000

No Change From 2025/2026 Budget

Assessment Roll

7,500

7,500

7,500

As Per Contract

Audit Fees

6,000

6,200

6,400

$200 Increase From 2025/2026 Budget

Arbitrage Rebate Fees

1,300

1,300

1,300

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

Insurance

8,032

8,500

8,800

Insurance Estimate

Legal Advertisements

2,364

2,500

2,500

Costs Have Increased Due To Closing Of The Miami Business Review

Miscellaneous

768

750

750

No Change From 2025/2026 Budget

Postage

453

550

550

No Change From 2025/2026 Budget

Office Supplies

823

675

675

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 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 2025/2026 Budget

Administrative Contingency

0

1,000

500

Administrative Contingency

TOTAL ADMINISTRATIVE EXPENDITURES

$	94,955

$	101,309

$	102,281

TOTAL EXPENDITURES

$	369,677

$	544,385

$	565,331

EXCESS/ (SHORTFALL)

$	1,327,621

$	1,112,835

$	1,224,170

Bond Payments (Series 2014 - Expansion Units)

(411,472)

(405,688)

(405,688)

2027 Principal & Interest Payments

Bond Payments (Series 2016 - Original Units)

(417,500)

(411,631)

(411,631)

2027 Principal & Interest Payments

Bond Payments (Series 2017 - Townhomes)

(40,475)

(39,905)

(39,905)

2027 Principal & Interest Payments

Bond Payments (Series 2018 - Clubhouse)

(291,441)

(287,344)

(287,344)

2027 Principal & Interest Payments

BALANCE

$	166,733

$	(31,733)

$	79,602

County Appraiser & Tax Collector Fee

(15,976)

(33,126)

(35,766)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(61,299)

(66,253)

(71,532)

Four Percent Of Total Assessment Roll

NET EXCESS/ (SHORTFALL)

$	89,458

$	(131,112)

$	(27,696)

Carryover From Prior Year (Operating)

0

55,090

0

Carryover From Prior Year (Operating)

Carryover From Prior Year (Clubhouse)

0

76,022

27,696

Carryover From Prior Year (Clubhouse)

NET EXCESS/ (SHORTFALL)

$	89,458

$	-

$	-

DETAILED PROPOSED EXPANSION AREA 2018 PROJECT BUDGET (CLUBHOUSE)
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

III

6/30/2026 8:41 AM

CLUBHOUSE OPERATIONS & MAINTENANCE EXPENDITURES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026
ACTUAL THROUGH
JANUARY 2026

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Access Control

0

0

750

750

Access Control

Alarm Monitoring

950

335

1,000

1,000

Monitoring Of Clubhouse Fire & Security Alarm Systems

A/C Maintenance/Repairs

3,340

680

3,000

5,000

A/C Maintenance/Repairs

Gym Equipment Maintenance Reserve

4,802

8,876

6,000

6,000

Gym Equipment Maintenance Reserve

Telephone, Cable & Internet Service

3,237

1,076

3,800

3,800

No Change From 2025/2026 Budget

FPL Power

11,751

3,877

15,000

14,000

Electricity For Club Lighting, Pool, Cabana & Irrigation Pump

General Maintenance & Repairs

14,832

9,865

25,000

25,000

No Change From 2025/2026 Budget

Insurance - Property/Casualty/Liability

21,950

19,945

24,326

23,500

Insurance Estimate - Property/Casualty/Liability

Irrigation Repairs & Maintenance

827

0

4,000

3,000

$1,000 Decrease From 2025/2026 Budget

Janitorial Services & Supplies

17,511

4,739

23,000

21,000

$2,000 Decrease From 2025/2026 Budget

Landscape Maintenance (Mulch & Plant Replacement)

33,212

5,483

34,000

34,000

Landscape Maintenance (Mulch & Plant Replacement)

Management Fees (Castle)

13,831

4,744

15,000

15,000

Management Fees (Castle)

Office & Kitchen Supplies

1,272

513

1,800

1,800

No Change From 2025/2026 Budget

Payroll - Club Staff

65,610

17,674

75,000

75,000

No Change From 2025/2026 Budget

Payroll - Club Staff Health Insurance

4,193

1,072

7,000

7,000

No Change From 2025/2026 Budget

Pest Control - Interior & Exterior

650

260

1,200

1,200

Pest Control - Interior & Exterior

Pool & Spa Maintenance

28,026

8,203

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

2,967

521

5,000

4,500

$500 Decrease From 2025/2026 Budget

Computer Services

0

48

2,000

2,000

No Change From 2025/2026 Budget

Security

13,094

4,952

17,000

17,000

Security

Oversight & Financial Management

6,000

2,000

6,000

6,000

Oversight & Financial Management

Contingency/Reserve

726

0

20,000

25,000

Contingency/Reserve

Pool Equip, Room Roof Project Reserve

0

0

15,000

15,000

Pool Equip, Room Roof Project Reserve

Camera System Maintenance

1,375

0

3,000

3,000

Camera System Maintenance

Pool & Spa Diamond Brite Project Reserve

0

0

50,000

0

2025/2026 Was Third & Final Year Of Project

Clubhouse & Mail Hut Roof Replacement Reserve

0

0

10,000

10,000

Eighteen Year Project (Fourth Year)

TOTAL CLUBHOUSE OPERATIONS & MAINTENANCE EXPENDITURES

$	250,156

$	94,863

$	399,376

$	351,050

Carryover From Prior Year

0

0

76,022

27,696

Carryover From Prior Year

TOTAL CLUB OPERATIONS & MAINTENANCE EXPENDITURES

Operating Expenditures

250,156

94,863

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 PROPOSED DEBT SERVICE FUND (SERIES 2014) BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1-1-26 =

$4,845,000

IV

6/30/2026 8:41 AM

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

23,129

1,200

1,400

Projected Interest For 2026/2027

NAV Tax Collection

411,472

405,688

405,688

Maximum Debt Service Collection

Total Revenues

$	434,601

$	406,888

$	407,088

EXPENDITURES

Principal Payments

150,000

160,000

165,000

Principal Payment Due In 2027

Interest Payments

252,250

242,250

234,250

Interest Payments Due In 2027

Bond Redemption

0

$	4,638

$	7,838

Estimated Excess Debt Collections

Total Expenditures

$	402,250

$	406,888

$	407,088

Excess/ (Shortfall)

$	32,351

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2016) BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1-1-26 =

$3,845,000

V

6/30/2026 8:41 AM

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

20,610

1,200

1,400

Projected Interest For 2026/2027

NAV Tax Collection

417,500

411,631

411,631

Maximum Debt Service Collection

Total Revenues

$	438,110

$	412,831

$	413,031

EXPENDITURES

Principal Payments

250,000

255,000

265,000

Principal Payment Due In 2027

Interest Payments

164,138

152,813

143,688

Interest Payments Due In 2027

Bond Redemption

0

5,018

4,343

Estimated Excess Debt Collections

Total Expenditures

$	414,138

$	412,831

$	413,031

Excess/ (Shortfall)

$	23,972

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2017) BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1-1-26 =

$545,000

VI

6/30/2026 8:41 AM

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

2,294

600

750

Projected Interest For 2026/2027

NAV Tax Collection

40,475

39,905

39,905

Maximum Debt Service Collection

Total Revenues

$	42,769

$	40,505

$	40,655

EXPENDITURES

Principal Payments

14,000

15,000

16,000

Principal Payment Due In 2027

Interest Payments

24,903

24,023

23,423

Interest Payments Due In 2027

Bond Redemption

0

1,482

1,232

Estimated Excess Debt Collections

Total Expenditures

$	38,903

$	40,505

$	40,655

Excess/ (Shortfall)

$	3,866

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2018) BUDGET
CENTURY GARDENS AT TAMIAMI COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1-1-26 =

$4,150,000

VII

6/30/2026 8:41 AM

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

17,689

1,200

1,400

Projected Interest For 2026/2027

NAV Tax Collection

291,441

287,344

287,344

Maximum Debt Service Collection

Total Revenues

$	309,130

$	288,544

$	288,744

EXPENDITURES

Principal Payments

176,656

115,000

120,000

Principal Payment Due In 2027

Interest Payments

105,000

170,969

166,944

Interest Payments Due In 2027

Bond Redemption

0

2,575

1,800

Estimated Excess Debt Collections

Total Expenditures

$	281,656

$	288,544

$	288,744

Excess/ (Shortfall)

$	27,474

$	-

$	-

Century Gardens At Tamiami Community Development District Assessment Comparison

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
Assessment Before Discount*

Fiscal Year 2026/2027
Projected Assessment Before Discount*

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

$

57.59

$

59.96

$

59.90

$

59.85

$

120.70

$

48.84

$

46.45

$

46.45

$

46.45

$

133.73

 $	719.47

 $	719.47

$	719.47

$	719.47

$	719.47

$

825.90

$

825.88

$

825.82

$

825.77

$

973.90

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

$
$

57.59
48.84

$
$

59.96
46.45

$
$

59.90
46.45

$
$

59.85
46.45

$
$

120.70
133.73

 $	873.67

 $	873.67

$	873.67

$	873.67

$	873.67

$

980.10

$

980.08

$

980.02

$

979.97

$

1,128.10

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

$

57.59

$

59.96

$

59.90

$

59.85

$

120.70

$

48.84

$

46.45

$

46.45

$

46.45

$

133.73

 $	1,284.79

 $	1,284.79

$	1,284.79

 $	1,284.79

 $	1,284.79

$

1,391.22

$

1,391.20

$

1,391.14

$

1,391.09

$

1,539.22

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

$
$
$

57.59
48.84
773.02

$
$
$

59.96
46.45
773.02

$
$
$

59.90
46.45
773.02

$
$
$

59.85
46.45
773.02

$
$
$

120.70
133.73
773.02

$

686.94

$

686.94

$

686.94

$

686.94

$

686.94

 $	744.68

 $	744.68

$	744.68

$	744.68

$	744.68

$

2,311.07

$

2,311.05

$

2,310.99

$

2,310.94

$

2,459.07

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

$
$
$

57.59
48.84
773.02

$
$
$

59.96
46.45
773.02

$
$
$

59.90
46.45
773.02

$
$
$

59.85
46.45
773.02

$
$
$

120.70
133.73
773.02

$

686.94

$

686.94

$

686.94

$

686.94

$

686.94

 $	944.68

 $	944.68

$	944.68

$	944.68

$	944.68

$

2,511.07

$

2,511.05

$

2,510.99

$

2,510.94

$

2,659.07

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

$
$
$

57.59
48.84
773.02

$
$
$

59.96
46.45
773.02

$
$
$

59.90
46.45
773.02

$
$
$

59.85
46.45
773.02

$
$
$

120.70
133.73
773.02

$

686.94

$

686.94

$

686.94

$

686.94

$

686.94

 $	1,595.75

 $	1,595.75

$	1,595.75

 $	1,595.75

 $	1,595.75

$

3,162.14

$

3,162.12

$

3,162.06

$

3,162.01

$

3,310.14

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

$
$
$

91.00
48.84
773.02

$
$
$

93.37
46.45
773.02

$
$
$

93.31
46.45
773.02

$
$
$

93.26
46.45
773.02

$
$
$

154.11
133.73
773.02

$

686.94

$

686.94

$

686.94

$

686.94

$

686.94

 $	903.25

 $	903.25

$	903.25

$	903.25

$	903.25

$

2,503.05

$

2,503.03

$

2,502.97

$

2,502.92

$

2,651.05

* 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

6/30/2026 8:41 AM