Corkscrew Crossing 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 FUND BUDGET

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M (Operation & Maintenance) Assessments	209,498	
Debt Assessments	876,986	
Other Revenue	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	1,087,684	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	38,148	
Legal	21,000	
Assessment Roll	5,000	
Audit Fees	4,500	
Arbitrage Rebate Fee	500	
Insurance	6,800	
Legal Advertisements	2,600	
Miscellaneous	1,200	
Postage	200	
Office Supplies	900	
Dues & Subscriptions	175	
Website Management & ADA Compliance	3,000	
Trustee Fees	4,300	
Continuing Disclosure Fee	1,000	
O&M Reserve	20,000	
Total Administrative Expenditures	$	109,323	
		
Maintenance Expenditures		
Engineering/Inspections	6,000	
Miscellaneous Maintenance	1,000	
Preserve Maintenance	44,000	
Lake Littoral Maintenance	6,800	
Lake Maintenance	21,500	
Lake Native Grass Maintenance	11,600	
Total Maintenance Expenditures	$	90,900	
		
Total O&M Expenditures	$	200,223	
		
REVENUES LESS EXPENDITURES	$	887,461	
		
Bond Payments	(833,137)	
		
BALANCE	$	54,324	
		
County Appraiser & Tax Collector Fee	(10,865)	
Discounts For Early Payments	(43,459)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CORKSCREW CROSSING 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 (Operation & Maintenance) Assessments	245,058	238,026	209,498	Expenditures Less Interest/.95	
Debt Assessments	867,213	876,986	876,986	Bond Payments/.95	
Other Revenue	0	0	0		
Interest Income	9,661	480	1,200	Interest Projected At $100 Per Month	
					
TOTAL REVENUES	$	1,121,932	$	1,115,492	$	1,087,684		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	36,000	37,080	38,148	CPI Adjustment	
Legal	5,846	29,000	21,000		
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	4,300	4,400	4,500	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	500	650	500	$150 Decrease From 2024/2025 Budget	
Insurance	5,375	6,000	6,800	Insurance Estimate	
Legal Advertisements	1,416	2,750	2,600	$150 Decrease From 2024/2025 Budget	
Miscellaneous	212	1,350	1,200	$150 Decrease From 2024/2025 Budget	
Postage	150	200	200	No Change From 2024/2025 Budget	
Office Supplies	227	1,400	900	$500 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management & ADA Compliance	3,000	3,000	3,000	$250 X 12 Months	
Trustee Fees	4,246	4,100	4,300	$200 Increase From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
O&M Reserve	0	0	20,000	O&M Reserve	
Total Administrative Expenditures	$	67,447	$	96,105	$	109,323		
					
Maintenance Expenditures					
Engineering/Inspections	3,721	6,000	6,000	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	0	1,000	1,000	No Change From 2024/2025 Budget	
Preserve Maintenance	75,000	91,000	44,000	Contracted Amount For 2025/2026	
Lake Littoral Maintenance	0	6,800	6,800	No Change From 2024/2025 Budget	
Lake Maintenance	20,500	14,100	21,500	$7,400 Increase From 2024/2025 Budget	
Lake Native Grass Maintenance	0	11,600	11,600	No Change From 2024/2025 Budget	
Total Maintenance Expenditures	$	99,221	$	130,500	$	90,900		
					
Total O&M Expenditures	$	166,668	$	226,605	$	200,223		
					
REVENUES LESS EXPENDITURES	$	955,264	$	888,887	$	887,461		
					
Bond Payments	(844,607)	(833,137)	(833,137)	2026 P & I Payments	
					
BALANCE	$	110,657	$	55,750	$	54,324		
					
County Appraiser & Tax Collector Fee	(866)	(11,150)	(10,865)	One Percent Of Total Assessment Roll	
Discounts For Early Payments	(28,290)	(44,600)	(43,459)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	81,501	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CORKSCREW CROSSING 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	
44,425	
500	
1,500	
Projected Interest For 2025/2026	

NAV Tax Collection	
844,607	
833,137	
833,137	
Maximum Debt Service Collection	

Bond Proceeds	
0	
0	
0		

Total Revenues	
$	889,032	
$	833,637	
$	834,637		

EXPENDITURES					

Principal Payments	
195,000	
205,000	
215,000	
Principal Payment Due In 2026	

Interest Payments	
638,078	
625,806	
617,143	
Interest Payment Due In 2026	

Bond Redemption	
0	
2,831	
2,494	
Estimated Excess Debt Collections	

Total Expenditures	
$	833,078	
$	833,637	
$	834,637		

Excess/ (Shortfall)	
$	55,954	
$	-	
$	-		

Series 2023 Bond Information

Original Par Amount =	$12,670,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.125% - 5.3%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	February 2023			
Maturity Date =	May 2053			

Par Amount As Of 1/1/25 =	$12,475,000

Corkscrew Crossing Community Development District Assessment Comparison

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

O & M Assessment For 50' Single Family Units	

$	448.44	

$	429.66	

$	

378.16	
Debt Assessment For 50' Single Family Units	$	1,600.00	$	1,583.01	$	1,583.01	
Total For 50' Single Family Units	$	2,048.44	$	2,012.67	$	1,961.17	

* Assessments Include the Following :		Overall County Fees Percentage
4% Discount for Early Payments	Was Lowered From 2% In
0.5% County Tax Collector Fee	Fiscal Year 2023/2024 to
0.5% County Property Appraiser Fee	1% In 2024/2025

Community Information:
50' Single Family Units	554

5/11/2025 9:34 AM	IV