A.H. At Turnpike South 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 2015)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2016)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2021)

ASSESSMENT COMPARISON

PROPOSED BUDGET
A.H. AT TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O&M Assessments	99,702	
Debt Assessments (2015)	350,799	
Debt Assessments (2016)	287,017	
Debt Assessments (2021)	113,617	
Interest Income	1,200	
TOTAL REVENUES	$	852,335	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering/Inspections	3,250	
Management	37,020	
Legal	12,000	
Assessment Roll	7,500	
Audit Fees	5,700	
Insurance	7,300	
Legal Advertisements	3,400	
Miscellaneous	850	
Meeting Venue	1,500	
Postage	375	
Office Supplies	750	
Dues & Subscriptions	175	
Trustee Fees	13,000	
Continuing Disclosure Fee	1,200	
Website Management	2,000	
Contingency	2,250	
TOTAL EXPENDITURES	$	103,670	
		
REVENUES LESS EXPENDITURES	$	748,665	
		
Bond Payments (2015)	(329,751)	
Bond Payments (2016)	(272,500)	
Bond Payments (2021)	(107,936)	
		
BALANCE	$	38,478	
		
County Appraiser & Tax Collector Fee	(15,743)	
Discounts For Early Payments	(31,485)	
		
EXCESS/ (SHORTFALL)	$	(8,750)	
		
Carryover From Prior Year	8,750	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
A.H. AT TURNPIKE SOUTH 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 Assessments	101,231	99,726	99,702	Expenditures Less Interest/Discounts & Fees	
Debt Assessments (2015)	350,799	350,799	350,799	Bond Payments/.96 Discounts & Fees	
Debt Assessments (2016)	287,017	287,017	287,017	Bond Payments/.96 Discounts & Fees	
Debt Assessments (2021)	113,617	113,617	113,617	Bond Payments/.96 Discounts & Fees	
Interest Income	11,185	720	1,200	Estimated At $100 Per Month	
TOTAL REVENUES	$	863,849	$	851,879	$	852,335		
					
EXPENDITURES					
Supervisor Fees	2,400	5,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	183	400	400	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	9,856	3,250	3,250	No Change From 2024/2025 Budget	
Management	34,944	35,988	37,020	CPI Adjustment	
Legal	10,445	12,000	12,000	No Change From 2024/2025 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	5,500	5,600	5,700	$100 Increase From 2024/2025 Budget	
Insurance	6,594	7,100	7,300	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	5,682	2,400	3,400	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	297	925	850	$75 Decrease From 2024/2025 Budget	
Meeting Venue	1,500	1,500	1,500	Meeting Venue	
Postage	253	400	375	$25 Decrease From 2024/2025 Budget	
Office Supplies	411	775	750	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	12,722	13,000	13,000	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,050	1,200	1,200	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Contingency	0	2,250	2,250	Contingency	
TOTAL EXPENDITURES	$	101,512	$	101,463	$	103,670		
					
REVENUES LESS EXPENDITURES	$	762,337	$	750,416	$	748,665		
					
Bond Payments (2015)	(333,961)	(329,751)	(329,751)	2026 Principal & Interest Payments	
Bond Payments (2016)	(273,240)	(272,500)	(272,500)	2026 Principal & Interest Payments	
Bond Payments (2021)	(108,163)	(107,936)	(107,936)	2026 Principal & Interest Payments	
					
BALANCE	$	46,973	$	40,229	$	38,478		
					
County Appraiser & Tax Collector Fee	(8,190)	(15,743)	(15,743)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(32,674)	(31,486)	(31,485)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	6,109	$	(7,000)	$	(8,750)		
					
Carryover From Prior Year	0	7,000	8,750	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	6,109	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2015) BUDGET
A.H. AT TURNPIKE SOUTH 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	
20,357	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
334,205	
329,751	
329,751	
Maximum Debt Service Collection	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	354,562	
$	330,251	
$	330,751		

EXPENDITURES					

Principal Payments	
80,000	
85,000	
90,000	
Principal Payments Due In 2026	

Interest Payments	
247,488	
240,613	
235,938	
Interest Payments Due In 2026	

Bond Redemption	
0	
4,638	
4,813	
Estimated Excess Debt Collections	

Total Expenditures	
$	327,488	
$	330,251	
$	330,751		

Excess/ (Shortfall)	
$	27,074	
$	-	
$	-		

Series 2015 Bond Information
Original Par Amount =	$4,430,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	5.5% - 6.25%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	February 2015			
Maturity Date =

Par Amount As Of 1/1/2025 =	November 2046

$3,860,000			

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2016) BUDGET
A.H. AT TURNPIKE SOUTH 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	
16,800	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
273,240	
272,500	
272,500	
Maximum Debt Service Collection	

Total Revenues	
$	290,040	
$	273,000	
$	273,500		

EXPENDITURES					

Principal Payments	
75,000	
80,000	
85,000	
Principal Payments Due In 2026	

Interest Payments	
193,459	
187,731	
183,831	
Interest Payments Due In 2026	

Bond Redemption	
0	
5,269	
4,669	
Estimated Excess Debt Collections	

Total Expenditures	
$	268,459	
$	273,000	
$	273,500		

Excess/ (Shortfall)	
$	21,581	
$	-	
$	-		

Series 2016 Bond Information
Original Par Amount =	$3,975,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	4% - 5.5%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	December 2016			
Maturity Date =

Par Amount As Of 1/1/2025 =	November 2047

$3,490,000			

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2021) BUDGET
A.H. AT TURNPIKE SOUTH 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	
5,902	
400	
800	
Projected Interest For 2025/2026	

NAV Tax Collection	
108,162	
107,936	
107,936	
Maximum Debt Service Collection	

Total Revenues	
$	114,064	
$	108,336	
$	108,736		

EXPENDITURES					

Principal Payments	
40,000	
45,000	
45,000	
Principal Payments Due In 2026	

Interest Payments	
64,405	
62,936	
61,879	
Interest Payments Due In 2026	

Bond Redemption	
0	
400	
1,857	
Estimated Excess Debt Collections	

Total Expenditures	
$	104,405	
$	108,336	
$	108,736		

Excess/ (Shortfall)	
$	9,659	
$	-	
$	-		

Series 2021 Bond Information
Original Par Amount =	$1,915,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.35% - 4%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2021			
Maturity Date =

Par Amount As Of 1/1/2025 =	May 2051

$1,795,000			

A.H. At Turnpike South Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	2025/2026	
	Assessment*			Assessment*			Assessment*			Assessment*		  Projected Assessment* 	

O & M	
$	211.32	
$	211.01	
$	210.92	
$	210.84	
$	
210.80	
Debt (221 Phase One Units)	$	1,594.54	$	1,594.54	$	1,594.54	$	1,594.54	$	1,594.54	
Total For Phase One Units	$	1,805.86	$	1,805.55	$	1,805.46	$	1,805.38	$	1,805.34	
O & M	$	211.32	$	211.01	$	210.92	$	210.84	$	210.80	
Debt (180 Phase Two Units)	$	1,594.54	$	1,594.54	$	1,594.54	$	1,594.54	$	1,594.54	
Total For Phase Two Units	$	1,805.86	$	1,805.55	$	1,805.46	$	1,805.38	$	1,805.34	
O & M	$	211.32	$	211.01	$	210.92	$	210.84	$	210.80	
Debt (72 Phase Three Units)	$	1,578.02	$	1,578.02	$	1,578.02	$	1,578.02	$	1,578.02	
Total For Phase Three Units	$	1,789.34	$	1,789.03	$	1,788.94	$	1,788.86	$	1,788.82	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

 Community Information:	

Phase One Lots	221	 Phase 1 Lots Information		
Phase Two Lots	180	Total Units	221	
Phase Three Lots	72	Prepayments	1	
Total	473	Billed For Debt	220	

VI