A.H. At Turnpike South 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 (2015)

III

AMENDED FINAL DEBT SERVICE FUND BUDGET (2016)

IV

AMENDED FINAL DEBT SERVICE FUND BUDGET (2021)

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover From Prior Year Of $7,000 used to reduce Fiscal Year 2024/2025 Assessments. Carryover From Prior Year Of $8,750 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

$128,717

$11,863

$140,580

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 - 8/31/25

O&M Assessments

99,726

101,013

101,013

Debt Assessments (2015)

350,799

350,019

350,019

Debt Assessments (2016)

287,017

286,403

286,403

Debt Assessments (2021)

113,617

113,389

113,389

Other Revenue

0

0

0

Interest Income

720

8,100

8,023

TOTAL REVENUES

$	851,879

$	858,924

$	858,847

EXPENDITURES

Supervisor Fees

5,000

1,600

600

Payroll Taxes (Employer)

400

126

46

Engineering/Inspections

3,250

3,250

2,207

Management

35,988

35,988

32,989

Legal

12,000

9,000

5,840

Assessment Roll

7,500

7,500

0

Audit Fees

5,600

5,200

5,200

Insurance

7,100

6,858

6,858

Legal Advertisements

2,400

2,400

485

Miscellaneous

925

800

488

Meeting Venue

1,500

600

300

Postage

400

100

76

Office Supplies

775

675

615

Dues & Subscriptions

175

175

175

Trustee Fees

13,000

12,722

12,722

Continuing Disclosure Fee

1,200

1,200

0

Website Management

2,000

2,000

1,833

Contingency

2,250

2,250

0

TOTAL EXPENDITURES

$	101,463

$	92,444

$	70,434

REVENUES LESS EXPENDITURES

$	750,416

$	766,480

$	788,413

Bond Payments (Series 2015)

(329,751)

(333,136)

(333,136)

Bond Payments (Series 2016)

(272,500)

(272,588)

(272,588)

Bond Payments (Series 2021)

(107,936)

(107,920)

(107,920)

BALANCE

$	40,229

$	52,836

$	74,769

County Appraiser & Tax Collector Fee

(15,743)

(8,170)

(8,170)

Discounts For Early Payments

(31,486)

(32,803)

(32,803)

EXCESS/ (SHORTFALL)

$	(7,000)

$	11,863

$	33,796

Carryover From Prior Year

7,000

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	11,863

$	33,796

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH (2015) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $167,406*. Revenue Fund Balance = $309,588*. Prepayment Account Balance = $4,317*. Redemption Account = $124,480*. Revenue Fund Balance To Be Used To Make 11/1/2025 Principal & Interest Payment Of $205,306 (Principal = $85,000, Interest = $120,306).
* Approximate Amounts

Series 2015 Bond Information

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

$4,430,000 5.25% - 6.25%
February 2015
November 2046

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

Par Amount As Of 9/30/25

=

$3,860,000

II

$589,051

$16,740

$605,791

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 - 8/31/25

Interest Income (2015)

500

14,500

13,827

NAV Tax Collection (2015)

329,751

330,190

330,190

Prepaid Bond Collection (2015)

0

0

0

Total Revenues

$	330,251

$	344,690

$	344,017

EXPENDITURES

Principal Payments (2015)

85,000

85,000

85,000

Interest Payments (2015)

240,613

242,950

242,950

Bond Redemption (2015)

4,638

0

0

Total Expenditures

$	330,251

$	327,950

$	327,950

Excess/ (Shortfall)

$	-

$	16,740

$	16,067

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH (2016) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $136,250*. Revenue Fund Balance = $235,220*. Prepayment Account Balance = $4,434*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Principal & Interest Payment Of $173,866 (Principal = $80,000, Interest = $93,866).
* Approximate Amounts

Series 2016 Bond Information

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

$3,975,000 4% - 5.5%
December 2016
November 2047

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

Par Amount As Of 9/30/25 =

$3,490,000

III

$362,907

$12,997

$375,904

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 - 8/31/25

Interest Income (2016)

500

12,500

12,044

NAV Tax Collection (2016)

272,500

270,178

270,178

Total Revenues

$	273,000

$	282,678

$	282,222

EXPENDITURES

Principal Payments (2016)

80,000

80,000

80,000

Interest Payments (2016)

187,731

189,681

189,681

Bond Redemption (2016)

5,269

0

0

Transfer To Construction Fund (2016)

0

0

0

Total Expenditures

$	273,000

$	269,681

$	269,681

Excess/ (Shortfall)

$	-

$	12,997

$	12,541

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH (2021) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $53,968*. Revenue Fund Balance = $61,819*. Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $31,204.
* Approximate Amounts

Series 2021 Bond Information

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

$1,915,000 2.35% - 4%
March 2021
May 2051

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

Par Amount As Of 9/30/25 =

$1,750,000

IV

$112,687

$3,100

$115,787

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 - 8/31/25

Interest Income (2021)

400

4,600

4,411

NAV Tax Collection (2021)

107,936

106,965

106,965

Total Revenues

$	108,336

$	111,565

$	111,376

EXPENDITURES

Principal Payments (2021)

45,000

45,000

45,000

Interest Payments (2021)

62,936

63,465

63,465

Bond Redemption (2021)

400

0

0

Transfer To Construction Fund (2021)

0

0

0

Total Expenditures

$	108,336

$	108,465

$	108,465

Excess/ (Shortfall)

$	-

$	3,100

$	2,911