Coco Palms Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2016)

IV

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019)

V

ASSESSMENT COMPARISON

FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

84,699

Maintenance Assessments

66,426

Debt Assessments (2016)

695,856

Debt Assessments (2019)

398,525

Other Revenues - Cost Share

9,800

Interest Income

1,200

TOTAL REVENUES

$	1,256,506

EXPENDITURES

Administrative Expenditures

Supervisor Fees

4,000

Payroll Taxes

306

Management

36,936

Legal

12,000

Assessment Roll

7,800

Audit Fees

5,400

Arbitrage Rebate Fee

1,300

Insurance

8,600

Legal Advertisements

2,200

Miscellaneous

825

Postage

375

Office Supplies

500

Dues & Subscriptions

175

Trustee Fees

7,000

Continuing Disclosure Fee

1,000

Website Management

2,000

Administrative Contingency

200

Total Administrative Expenditures

$	90,617

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 (Storm Drain, Etc.)

11,100

Total Maintenance Expenditures

$	86,800

TOTAL EXPENDITURES

$	177,417

REVENUES LESS EXPENDITURES

$	1,079,089

Bond Payments (2016)

(654,105)

Bond Payments (2019)

(374,614)

BALANCE

$	50,370

County Appraiser & Tax Collector Fee

(24,910)

Discounts For Early Payments

(49,820)

EXCESS/ (SHORTFALL)

$	(24,360)

Carryover Funds From Prior Year

24,360

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Administrative Assessments

84,557

83,459

84,699

Expenditures Less Interest & Cost Share/.94

Maintenance Assessments

68,732

67,702

66,426

Expenditures Less Carryover/.94

Debt Assessments (2016)

695,856

695,856

695,856

Bond Payments/.94

Debt Assessments (2019)

398,528

398,525

398,525

Bond Payments/.94

Other Revenues - Cost Share

9,800

9,800

9,800

Cost Share Revenue

Interest Income

12,352

1,080

1,200

Interest Projected At $100 Per Month

TOTAL REVENUES

$	1,269,825

$	1,256,422

$	1,256,506

EXPENDITURES

Administrative Expenditures

Supervisor Fees

3,000

4,000

4,000

Supervisor Fees

Payroll Taxes

304

306

306

Supervisor Fees * 7.65%

Management

34,968

35,976

36,936

CPI Adjustment

Legal

9,605

12,000

12,000

No Change From 2025/2026 Budget

Assessment Roll

7,800

7,800

7,800

No Change From 2025/2026 Budget

Audit Fees

5,200

5,400

5,400

$200 Increase From 2025/2026 Budget

Arbitrage Rebate Fee

1,300

1,300

1,300

No Change From 2025/2026 Budget

Insurance

7,726

8,200

8,600

Fiscal Year 2025/2026 Expenditure Was $8,190

Legal Advertisements

1,675

2,200

2,200

Costs Have Increased Due To Closing Of The Miami Business Review

Miscellaneous

540

850

825

$25 Decrease From 2025/2026 Budget

Postage

78

400

375

$25 Decrease From 2025/2026 Budget

Office Supplies

332

525

500

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

7,000

7,000

7,000

No Change From 2025/2026 Budget

Continuing Disclosure Fee

700

1,000

1,000

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Administrative Contingency

0

200

200

No Change From 2025/2026 Budget

Total Administrative Expenditures

$	82,403

$	89,332

$	90,617

Maintenance Expenditures

Annual Engineer's Report/Inspections

2,264

2,300

2,300

No Change From 2025/2026 Budget

Field Operations Management

1,200

1,200

1,200

No Change From 2025/2026 Budget

Lawn & Landscape Maintenance - HOA Contribution

26,000

26,000

26,000

No Change From 2025/2026 Budget

Irrigation System Maintenance/Upkeep

0

2,000

2,000

No Change From 2025/2026 Budget

Irrigation System - Water

0

5,000

5,000

No Change From 2025/2026 Budget

Roadway/Drainage System Maintenance/Upkeep

0

7,000

7,000

No Change From 2025/2026 Budget

Common Driveway Maintenance/Upkeep

0

10,000

10,000

No Change From 2025/2026 Budget

Fountain Maintenance/Upkeep

3,048

5,000

5,000

No Change From 2025/2026 Budget

FP&L Power/Utility

12,774

13,000

13,000

No Change From 2025/2026 Budget

Lake - Aquatic Maintenance

3,864

4,200

4,200

No Change From 2025/2026 Budget

Miscellaneous Maintenance (Storm Drain, Etc.)

17,825

11,100

11,100

No Change From 2025/2026 Budget

Total Maintenance Expenditures

$	66,975

$	86,800

$	86,800

TOTAL EXPENDITURES

$	149,378

$	176,132

$	177,417

REVENUES LESS EXPENDITURES

$	1,120,447

$	1,080,290

$	1,079,089

Bond Payments (2016)

(662,352)

(654,105)

(654,105)

2027 P & I Payments Less Earned Interest

Bond Payments (2019)

(379,339)

(374,614)

(374,614)

2027 P & I Payments Less Earned Interest

BALANCE

$	78,756

$	51,571

$	50,370

County Appraiser & Tax Collector Fee

(11,982)

(24,910)

(24,910)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(47,993)

(49,821)

(49,820)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	18,781

$	(23,160)

$	(24,360)

Carryover Funds From Prior Year

0

23,160

24,360

Carryover Funds From Prior Year

NET EXCESS/ (SHORTFALL)

$	18,781

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2016)
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2016 Bond Information

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

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

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$8,540,000

III

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

32,670

1,200

1,500

Projected Interest For 2026/2027

NAV Tax Collection

662,352

654,105

654,105

Maximum Debt Service Collection

Total Revenues

$	695,022

$	655,305

$	655,605

EXPENDITURES

Principal Payments

235,000

245,000

255,000

Principal Payment Due In 2027

Interest Payments

422,000

406,163

394,663

Interest Payments Due In 2027

Bond Redemption

0

4,142

5,942

Estimated Excess Debt Collections

Total Expenditures

$	657,000

$	655,305

$	655,605

Excess/ (Shortfall)

$	38,022

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019)
COCO PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2019 Bond Information

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

$5,915,000 3.5% - 5.00%
February 2019
June 2049

Annual Principal Payments Due =
Annual Interest Payments Due =

June 15th
June 15th & December 15th

Par Amount As Of 1/1/26 =

$5,245,000

IV

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

21,501

1,200

1,500

Projected Interest For 2026/2027

NAV Tax Collection

379,339

374,614

374,614

Maximum Debt Service Collection

Prepaid Bond Collection

19,850

0

0

Total Revenues

$	420,690

$	375,814

$	376,114

EXPENDITURES

Principal Payments

120,000

125,000

125,000

Principal Payment Due In 2027

Interest Payments

258,300

249,500

245,063

Interest Payments Due In 2027

Bond Redemption

20,000

1,314

6,051

Estimated Excess Debt Collections

Total Expenditures

$	398,300

$	375,814

$	376,114

Excess/ (Shortfall)

$	22,390

$	-

$	-

COCO PALMS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
  Projected Assessment* 

Original Units
Administrative For Single Family Units
Maintenance For Single Family Units Debt For Single Family Units
Total For Single Family Units

$
$

82.47
64.91

$
$

80.37
66.99

$
$

81.35
66.00

$
$
$

82.56
64.74
1,053.00

 $	1,053.00

$	1,053.00

 $	1,053.00

$

1,200.38

$

1,200.36

$

1,200.35

$

1,200.30

Administrative For Townhome Units
Maintenance For Townhome Units Debt For Townhomes Units
Total For Townhomes Units

$
$

82.47
64.91

$
$

80.37
66.99

$
$

81.35
66.00

$
$
$

82.56
64.74
948.00

 $	948.00

$	948.00

 $	948.00

$

1,095.38

$

1,095.36

$

1,095.35

$

1,095.30

Administrative For Villa Units
Maintenance For Villa Units Debt For Villa Units
Total For Villa Units

$
$

82.47
64.91

$
$

80.37
66.99

$
$

81.35
66.00

$
$
$

82.56
64.74
843.00

 $	843.00

$	843.00

 $	843.00

$

990.38

$

990.36

$

990.35

$

990.30

Expansion Area Units Administrative For Townhome Units
Maintenance For Townhome Units Debt For Townhomes Units
Total For Townhomes Units

$
$

82.47
64.91

$
$

80.37
66.99

$
$

81.35
66.00

$
$
$

82.56
64.74
1,474.47

 $	1,474.47

$	1,474.47

 $	1,474.47

$

1,621.85

$

1,621.83

$

1,621.82

$

1,621.77

Administrative For Villa Units
Maintenance For Villa Units Debt For Villa Units
Total For Villa Units

$
$

82.47
64.91

$
$

80.37
66.99

$
$

81.35
66.00

$
$
$

82.56
64.74
1,369.15

 $	1,369.15

$	1,369.15

 $	1,369.15

$

1,516.53

$

1,516.51

$

1,516.50

$

1,516.45

* 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 Original Units
Expansion Area Units
Total Units

Single Family Units Townhomes Units Villa Units
Total Units

181
309
253
743

743
283
1,026

Expansion Area Units Townhomes Units Villa Units
Total Units

Townhomes (Original Units) Information

Townhomes (Expansion Information)
Total Units: 119
Prepayments: 1 Billed For Debt: 118

119
164
283

Total Units
Prepayments Billed For Debt

309
1
308

V