Coco Palms 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 (SERIES 2016)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	83,459	
Maintenance Assessments	67,702	
Debt Assessments (2016)	695,856	
Debt Assessments (2019)	398,525	
Other Revenues - Cost Share	9,800	
Interest Income	1,080	
		
TOTAL REVENUES	$	1,256,422	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	4,000	
Payroll Taxes	306	
Management	35,976	
Legal	12,000	
Assessment Roll	7,800	
Audit Fees	5,400	
Arbitrage Rebate Fee	1,300	
Insurance	8,200	
Legal Advertisements	2,200	
Miscellaneous	850	
Postage	400	
Office Supplies	525	
Dues & Subscriptions	175	
Trustee Fees	7,000	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Administrative Contingency	200	
		
Total Administrative Expenditures	$	89,332	
		
Maintenance Expenditures		
Annual Engineer's Report/Inspections	2,300	
Field Operations Management	1,200	
Lawn & Landscape Maintenance - HOA Contribution	26,000	
Irrigation System Maintenance/Upkeep	2,000	
Irrigation System - Water	5,000	
Roadway/Drainage System Maintenance/Upkeep	7,000	
Common Driveway Maintenance/Upkeep	10,000	
Fountain Maintenance/Upkeep	5,000	
FP&L Power/Utility	13,000	
Lake - Aquatic Maintenance	4,200	
Miscellaneous Maintenance	11,100	
		
Total Maintenance Expenditures	$	86,800	
		
TOTAL EXPENDITURES	$	176,132	
		
REVENUES LESS EXPENDITURES	$	1,080,290	
		
Bond Payments (2016)	(654,105)	
Bond Payments (2019)	(374,614)	
		
BALANCE	$	51,571	
		
County Appraiser & Tax Collector Fee	(24,910)	
Discounts For Early Payments	(49,821)	
		
EXCESS/ (SHORTFALL)	$	(23,160)	
		
Carryover Funds From Prior Year	23,160	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED PROPOSED BUDGET
COCO PALMS 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	
Administrative Assessments	86,606	82,451	83,459	Expenditures Less Interest & Cost Share/.94	
Maintenance Assessments	66,596	68,723	67,702	Expenditures Less Carryover/.94	
Debt Assessments (2016)	695,856	695,856	695,856	Bond Payments/.94	
Debt Assessments (2019)	400,000	400,000	398,525	Bond Payments/.94	
Other Revenues - Cost Share	9,800	9,800	9,800	Cost Share Revenue	
Interest Income	14,247	720	1,080	Interest Projected At $90 Per Month	
					
TOTAL REVENUES	$	1,273,105	$	1,257,550	$	1,256,422		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	2,400	4,000	4,000	Supervisor Fees	
Payroll Taxes	183	306	306	Supervisor Fees * 7.65%	
Management	33,960	34,968	35,976	CPI Adjustment	
Legal	9,675	12,000	12,000	No Change From 2024/2025 Budget	
Assessment Roll	7,800	7,800	7,800	No Change From 2024/2025 Budget	
Audit Fees	5,000	5,200	5,400	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	1,300	1,300	1,300	No Change From 2024/2025 Budget	
Insurance	7,428	8,000	8,200	Fiscal Year 2024/2025 Expenditure Was $7,726	
Legal Advertisements	1,930	2,200	2,200	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	661	900	850	$50 Decrease From 2024/2025 Budget	
Postage	157	425	400	$25 Decrease From 2024/2025 Budget	
Office Supplies	422	550	525	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	7,000	7,000	7,000	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Administrative Contingency	0	200	200	No Change From 2024/2025 Budget	
					
Total Administrative Expenditures	$	81,091	$	88,024	$	89,332		
					
Maintenance Expenditures					
Annual Engineer's Report/Inspections	2,200	2,300	2,300	No Change From 2024/2025 Budget	
Field Operations Management	1,200	1,200	1,200	No Change From 2024/2025 Budget	
Lawn & Landscape Maintenance - HOA Contribution	9,365	26,000	26,000	No Change From 2024/2025 Budget	
Irrigation System Maintenance/Upkeep	0	2,000	2,000	No Change From 2024/2025 Budget	
Irrigation System - Water	0	5,000	5,000	No Change From 2024/2025 Budget	
Roadway/Drainage System Maintenance/Upkeep	0	7,000	7,000	No Change From 2024/2025 Budget	
Common Driveway Maintenance/Upkeep	4,015	10,000	10,000	No Change From 2024/2025 Budget	
Fountain Maintenance/Upkeep	0	5,000	5,000	No Change From 2024/2025 Budget	
FP&L Power/Utility	12,651	13,000	13,000	No Change From 2024/2025 Budget	
Lake - Aquatic Maintenance	3,630	4,200	4,200	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	1,071	11,100	11,100	No Change From 2024/2025 Budget	
					
Total Maintenance Expenditures	$	34,132	$	86,800	$	86,800		
					
TOTAL EXPENDITURES	$	115,223	$	174,824	$	176,132		
					
REVENUES LESS EXPENDITURES	$	1,157,882	$	1,082,726	$	1,080,290		
					
Bond Payments (2016)	(661,549)	(654,105)	(654,105)	2026 P & I Payments Less Earned Interest	
Bond Payments (2019)	(381,605)	(376,000)	(374,614)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	114,728	$	52,621	$	51,571		
					
County Appraiser & Tax Collector Fee	(11,996)	(24,940)	(24,910)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(47,981)	(49,881)	(49,821)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	54,751	$	(22,200)	$	(23,160)		
					
Carryover Funds From Prior Year	0	22,200	23,160	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	54,751	$	-	$	-		

II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2016)
COCO PALMS 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	
37,656	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
661,549	
654,105	
654,105	
Maximum Debt Service Collection	

Total Revenues	
$	699,205	
$	654,605	
$	655,305		

EXPENDITURES					

Principal Payments	
230,000	
235,000	
245,000	
Principal Payment Due In 2026	

Interest Payments	
432,375	
416,963	
406,163	
Interest Payments Due In 2026	

Bond Redemption	
0	
2,642	
4,142	
Estimated Excess Debt Collections	

Total Expenditures	
$	662,375	
$	654,605	
$	655,305		

Excess/ (Shortfall)	
$	36,830	

$	-	

$	-		

Series 2016 Bond Information

Original Par Amount =	$10,355,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.75% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	February 2016			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2046

$8,775,000			

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)
COCO PALMS 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	
24,329	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
381,605	
376,000	
374,614	
Maximum Debt Service Collection	

Total Revenues	
$	405,934	
$	376,500	
$	375,814		

EXPENDITURES					

Principal Payments	
115,000	
120,000	
125,000	
Principal Payment Due In 2026	

Interest Payments	
262,469	
255,900	
249,500	
Interest Payments Due In 2026	

Bond Redemption	
0	
600	
1,314	
Estimated Excess Debt Collections	

Total Expenditures	
$	377,469	
$	376,500	
$	375,814		

Excess/ (Shortfall)	
$	28,465	

$	-	

$	-		

Series 2019 Bond Information
Original Par Amount =	$5,915,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	3.5% - 5.00%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	February 2019			
Maturity Date =

Par Amount As Of 1/1/25 =	June 2049

$5,385,000			

IV

COCO PALMS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2022/2023	2023/2024	2024/2025	2025/2026
	Assessment*	 	Assessment*	 	Assessment*	  Projected Assessment* 

Original Units		
Administrative For Single Family Units	$	86.40	$	82.47	$	80.37	$	81.35	
Maintenance For Single Family Units	$	61.09	$	64.91	$	66.99	$	66.00	
Debt For Single Family Units	 $	1,053.00	$	1,053.00	$	1,053.00	$	1,053.00	
Total For Single Family Units	$	1,200.49	$	1,200.38	$	1,200.36	$	1,200.35	
Administrative For Townhome Units	$	86.40	$	82.47	$	80.37	$	81.35	
Maintenance For Townhome Units	$	61.09	$	64.91	$	66.99	$	66.00	
Debt For Townhomes Units	$	948.00	$	948.00	$	948.00	$	948.00	
Total For Townhomes Units	$	1,095.49	$	1,095.38	$	1,095.36	$	1,095.35	
Administrative For Villa Units	$	86.40	$	82.47	$	80.37	$	81.35	
Maintenance For Villa Units	$	61.09	$	64.91	$	66.99	$	66.00	
Debt For Villa Units	$	843.00	$	843.00	$	843.00	$	843.00	
Total For Villa Units	$	990.49	$	990.38	$	990.36	$	990.35	
Expansion Area Units						
Administrative For Townhome Units	$	86.40	$	82.47	$	80.37	$	81.35	
Maintenance For Townhome Units	$	61.09	$	64.91	$	66.99	$	66.00	
Debt For Townhomes Units	 $	1,474.47	$	1,474.47	$	1,474.47	$	1,474.47	
Total For Townhomes Units	$	1,621.96	$	1,621.85	$	1,621.83	$	1,621.82	
Administrative For Villa Units	$	86.40	$	82.47	$	80.37	$	81.35	
Maintenance For Villa Units	$	61.09	$	64.91	$	66.99	$	66.00	
Debt For Villa Units	 $	1,369.15	$	1,369.15	$	1,369.15	$	1,369.15	
Total For Villa Units	$	1,516.64	$	1,516.53	$	1,516.51	$	1,516.50	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee			
 Community Information:				
Original Units	Total Units		
Single Family Units	181	Original Units	743	
Townhomes Units	309	Expansion Area Units	283	
Villa Units	253	Total Units	1,026	
Total Units	743			

Expansion Area Units		
Townhomes (Original Units) Information	

Townhomes (Expansion Information)	
Townhomes Units	119	Total Units	309	Total Units: 119	
Villa Units	164	Prepayments	1	Prepayments: 1	
Total Units	283	Billed For Debt	308	Billed For Debt: 118	

V