A.H. At Turnpike South Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2015)

IV

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2016)

V

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2021)

VI

ASSESSMENT COMPARISON

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

I

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

II

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 FINAL DEBT SERVICE FUND (SERIES 2015) BUDGET
A.H. AT TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2015 Bond Information

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

$4,430,000 5.5% - 6.25%
February 2015
November 2046

Annual Principal Payments Due = Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/2025 =

$3,860,000

III

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

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND (SERIES 2016) BUDGET
A.H. AT TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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 = Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/2025 =

$3,490,000

IV

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

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND (SERIES 2021) BUDGET
A.H. AT TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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 = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/2025 =

$1,795,000

V

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

$	-

$	-

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

Fiscal Year 2021/2022
	Assessment*	

Fiscal Year 2022/2023
	Assessment*	

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
  Projected Assessment* 

O & M
Debt (221 Phase One Units)
Total For Phase One Units

$

211.32

$

211.01

$

210.92

$

210.84

$

210.80

$	1,594.54

$	1,594.54

$	1,594.54

$	1,594.54

$	1,594.54

$

1,805.86

$

1,805.55

$

1,805.46

$

1,805.38

$

1,805.34

O & M
Debt (180 Phase Two Units)
Total For Phase Two Units

$

211.32

$

211.01

$

210.92

$

210.84

$

210.80

$	1,594.54

$	1,594.54

$	1,594.54

$	1,594.54

$	1,594.54

$

1,805.86

$

1,805.55

$

1,805.46

$

1,805.38

$

1,805.34

O & M
Debt (72 Phase Three Units)
Total For Phase Three Units

$

211.32

$

211.01

$

210.92

$

210.84

$

210.80

$	1,578.02

$	1,578.02

$	1,578.02

$	1,578.02

$	1,578.02

$

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 Phase Two Lots Phase Three Lots
Total

221
180
72
473

 Phase 1 Lots Information	

Total Units
Prepayments Billed For Debt

221
1
220

VI