Coco Palms 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 DEBT SERVICE FUND BUDGET - SERIES 2016

III

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2019

AMENDED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover from prior year of $22,200 was used to reduce Fiscal Year 2024/2025 Assessments.
$23,160 of Fund Balance to be used to reduce 2025/2026 Assessments.

I

$173,622

$7,471

$181,093

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 - 9/29/25

Administrative Assessments

82,451

84,557

84,557

Maintenance Assessments

68,723

68,732

68,732

Debt Assessments (2016)

695,856

695,856

695,856

Debt Assessments (2019)

400,000

398,528

398,528

Other Revenues (Aldi, Orion, Wawa Cost Share)

9,800

9,800

9,800

Interest Income

720

12,000

11,814

TOTAL REVENUES

$	1,257,550

$	1,269,473

$	1,269,287

EXPENDITURES

Supervisor Fees

4,000

3,000

3,000

Payroll Taxes

306

304

304

Management

34,968

34,968

34,968

Legal

12,000

10,600

9,105

Assessment Roll

7,800

7,800

7,800

Audit Fees

5,200

5,200

5,200

Arbitrage Rebate Fee

1,300

1,300

1,300

Insurance

8,000

7,726

7,726

Legal Advertisements

2,200

2,700

1,675

Miscellaneous

900

750

540

Postage

425

100

78

Office Supplies

550

375

332

Dues & Subscriptions

175

175

175

Trustee Fees

7,000

7,000

7,000

Continuing Disclosure Fee

1,000

700

700

Website Management

2,000

2,000

2,000

Administrative Contingency

200

100

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	88,024

$	84,798

$	81,903

MAINTENANCE EXPENDITURES

Annual Engineer's Report/Inspections

2,300

2,264

2,264

Field Operations Management

1,200

1,200

1,200

Lawn & Landscape Tract Maintenance

26,000

26,000

26,000

Irrigation System Maintenance/Upkeep

2,000

1,000

0

Irrigation System - Water

5,000

1,000

0

Roadway/Drainage System Maintenance/Upkeep

7,000

1,000

0

Common Driveway Maintenance/Upkeep

10,000

1,000

0

Fountain Maintenance/Upkeep

5,000

4,100

3,048

FP&L Power/Utility

13,000

12,774

12,774

Lake - Aquatic Maintenance

4,200

4,200

3,864

Miscellaneous Maintenance (Storm Drain Maintenance, etc.)

11,100

21,000

17,825

TOTAL MAINTENANCE EXPENDITURES

$	86,800

$	75,538

$	66,975

TOTAL EXPENDITURES

$	174,824

$	160,336

$	148,878

REVENUES LESS EXPENDITURES

$	1,082,726

$	1,109,137

$	1,120,409

Bond Payments - 2016

(654,105)

(662,352)

(662,352)

Bond Payments - 2019

(376,000)

(379,339)

(379,339)

BALANCE

$	52,621

$	67,446

$	78,718

County Appraiser & Tax Collector Fee

(24,940)

(11,982)

(11,982)

Discounts For Early Payments

(49,881)

(47,993)

(47,993)

EXCESS/ (SHORTFALL)

$	(22,200)

$	7,471

$	18,743

Carryover From Prior Year

22,200

22,200

0

NET EXCESS/ (SHORTFALL)

$	-

$	29,671

$	18,743

AMENDED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2016
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $368,008*. Revenue Fund Balance = $387,148*
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $205,713.
* Approximate Amounts

Series 2016 Bond Information

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

$10,355,000 3.75% - 5.00%
March 2016
May 2046

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

Par Amount As Of 9/30/25 =

$8,540,000

II

$719,704

$35,452

$755,156

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 - 9/29/25

Interest Income

500

30,100

29,983

NAV Tax Collection

654,105

662,352

662,352

Total Revenues

$	654,605

$	692,452

$	692,335

EXPENDITURES

Principal Payments

235,000

235,000

235,000

Interest Payments

416,963

422,000

422,000

Bond Redemption

2,642

0

0

Total Expenditures

$	654,605

$	657,000

$	657,000

Excess/ (Shortfall)

$	-

$	35,452

$	35,335

AMENDED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $189,995*. Revenue Fund Balance = $257,061* Revenue Fund To Be Used To Make 12/15/2025 Interest Payment Of $126,750.
* Approximate Amounts

Series 2019 Bond Information

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

$5,915,000 3.5% - 5.0%
February 2019
June 2049

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

Par Amount As Of 9/30/25 =

$5,265,000

III

$426,267

$20,789

$447,056

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 - 9/29/25

Interest Income

500

19,750

19,607

NAV Assessment Collection

376,000

379,339

379,339

Total Revenues

$	376,500

$	399,089

$	398,946

EXPENDITURES

Principal Payments

120,000

120,000

120,000

Interest Payments

255,900

258,300

258,300

Bond Redemption

600

0

0

Total Expenditures

$	376,500

$	378,300

$	378,300

Excess/ (Shortfall)

$	-

$	20,789

$	20,646