Title: AH Final Budget 2026-2027.xlsx
Author: JWalker

A.H. At Turnpike South 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 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 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O&M Assessments

99,671

Debt Assessments (2015)

350,799

Debt Assessments (2016)

287,017

Debt Assessments (2021)

113,617

Interest Income

1,320

TOTAL REVENUES

$	852,424

EXPENDITURES

Supervisor Fees

4,000

Payroll Taxes (Employer)

320

Engineering/Inspections

3,250

Management

38,016

Legal

12,000

Assessment Roll

7,500

Audit Fees

5,400

Insurance

8,300

Legal Advertisements

3,400

Miscellaneous

800

Meeting Venue

1,500

Postage

350

Office Supplies

750

Dues & Subscriptions

175

Trustee Fees

13,000

Continuing Disclosure Fee

1,200

Website Management

2,000

Contingency

2,250

TOTAL EXPENDITURES

$	104,211

REVENUES LESS EXPENDITURES

$	748,213

Bond Payments (2015)

(329,751)

Bond Payments (2016)

(272,500)

Bond Payments (2021)

(107,936)

BALANCE

$	38,026

County Appraiser & Tax Collector Fee

(15,742)

Discounts For Early Payments

(31,484)

EXCESS/ (SHORTFALL)

$	(9,200)

Carryover From Prior Year

9,200

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
A.H. AT TURNPIKE SOUTH 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

O&M Assessments

101,013

99,702

99,671

Expenditures Less Interest/Discounts & Fees

Debt Assessments (2015)

350,019

350,799

350,799

Bond Payments/.96 Discounts & Fees

Debt Assessments (2016)

286,403

287,017

287,017

Bond Payments/.96 Discounts & Fees

Debt Assessments (2021)

113,389

113,617

113,617

Bond Payments/.96 Discounts & Fees

Interest Income

8,851

1,200

1,320

Estimated At $110 Per Month

TOTAL REVENUES

$	859,675

$	852,335

$	852,424

EXPENDITURES

Supervisor Fees

1,200

5,000

4,000

Supervisor Fees

Payroll Taxes (Employer)

92

400

320

Projected At 8% Of Supervisor Fees

Engineering/Inspections

2,207

3,250

3,250

No Change From 2025/2026 Budget

Management

35,988

37,020

38,016

CPI Adjustment

Legal

7,863

12,000

12,000

No Change From 2025/2026 Budget

Assessment Roll

7,500

7,500

7,500

As Per Contract

Audit Fees

5,200

5,700

5,400

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,300

8,300

Fiscal Year 2025/2026 Expenditure Was $7,769

Legal Advertisements

1,522

3,400

3,400

Costs Have Increased Due To Closing Of The Miami Business Review

Miscellaneous

552

850

800

$50 Decrease From 2025/2026 Budget

Meeting Venue

300

1,500

1,500

Meeting Venue

Postage

161

375

350

$25 Decrease From 2025/2026 Budget

Office Supplies

685

750

750

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

12,722

13,000

13,000

No Change From 2025/2026 Budget

Continuing Disclosure Fee

1,050

1,200

1,200

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Contingency

0

2,250

2,250

Contingency

TOTAL EXPENDITURES

$	86,075

$	103,670

$	104,211

REVENUES LESS EXPENDITURES

$	773,600

$	748,665

$	748,213

Bond Payments (2015)

(333,136)

(329,751)

(329,751)

2027 Principal & Interest Payments

Bond Payments (2016)

(272,588)

(272,500)

(272,500)

2027 Principal & Interest Payments

Bond Payments (2021)

(107,920)

(107,936)

(107,936)

2027 Principal & Interest Payments

BALANCE

$	59,956

$	38,478

$	38,026

County Appraiser & Tax Collector Fee

(8,170)

(15,743)

(15,742)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(32,803)

(31,485)

(31,484)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	18,983

$	(8,750)

$	(9,200)

Carryover From Prior Year

0

8,750

9,200

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	18,983

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND (SERIES 2015) BUDGET
A.H. AT TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/2026 =

$3,775,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

16,702

1,000

1,200

Projected Interest For 2026/2027

NAV Tax Collection

333,136

329,751

329,751

Maximum Debt Service Collection

Prepaid Bond Collection

0

0

0

Total Revenues

$	349,838

$	330,751

$	330,951

EXPENDITURES

Principal Payments

85,000

90,000

100,000

Principal Payments Due In 2027

Interest Payments

242,950

235,938

230,313

Interest Payments Due In 2027

Bond Redemption

0

4,813

638

Estimated Excess Debt Collections

Total Expenditures

$	327,950

$	330,751

$	330,951

Excess/ (Shortfall)

$	21,888

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND (SERIES 2016) BUDGET
A.H. AT TURNPIKE SOUTH 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 =

$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 1/1/2026 =

$3,410,000

IV

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

14,732

1,000

1,200

Projected Interest For 2026/2027

NAV Tax Collection

272,588

272,500

272,500

Maximum Debt Service Collection

Total Revenues

$	287,320

$	273,500

$	273,700

EXPENDITURES

Principal Payments

80,000

85,000

90,000

Principal Payments Due In 2027

Interest Payments

189,681

183,831

179,688

Interest Payments Due In 2027

Bond Redemption

0

4,669

4,012

Estimated Excess Debt Collections

Total Expenditures

$	269,681

$	273,500

$	273,700

Excess/ (Shortfall)

$	17,639

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND (SERIES 2021) BUDGET
A.H. AT TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/2026 =

$1,750,000

V

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

5,233

800

1,000

Projected Interest For 2026/2027

NAV Tax Collection

107,920

107,936

107,936

Maximum Debt Service Collection

Total Revenues

$	113,153

$	108,736

$	108,936

EXPENDITURES

Principal Payments

45,000

45,000

45,000

Principal Payments Due In 2027

Interest Payments

63,465

61,879

60,675

Interest Payments Due In 2027

Bond Redemption

0

1,857

3,261

Estimated Excess Debt Collections

Total Expenditures

$	108,465

$	108,736

$	108,936

Excess/ (Shortfall)

$	4,688

$	-

$	-

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

Fiscal Year 2022/2023
	Assessment*	

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
  Projected Assessment* 

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

$

211.01

$

210.92

$

210.84

$

210.80

$

210.73

$	1,594.54

 $	1,594.54

$	1,594.54

 $	1,594.54

$	1,594.54

$

1,805.55

$

1,805.46

$

1,805.38

$

1,805.34

$

1,805.27

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

$

211.01

$

210.92

$

210.84

$

210.80

$

210.73

$	1,594.54

 $	1,594.54

$	1,594.54

 $	1,594.54

$	1,594.54

$

1,805.55

$

1,805.46

$

1,805.38

$

1,805.34

$

1,805.27

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

$

211.01

$

210.92

$

210.84

$

210.80

$

210.73

$	1,578.02

 $	1,578.02

$	1,578.02

 $	1,578.02

$	1,578.02

$

1,789.03

$

1,788.94

$

1,788.86

$

1,788.82

$

1,788.75

* 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