Caribe Palm 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

AMENDED FINAL BUDGET
CARIBE PALM COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
$35,000 Of Fund Balance Used To Reduce 2024/2025 Assessments.
$50,000 Of Fund Balance To Be Used To Reduce 2025/2026 Assessments.

I

10/23/2025 9:34 AM

$609,132

($190,082)

$419,050

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 - 9/29/25

Administrative Assessments

47,255

47,901

47,901

Maintenance Assessments

57,659

57,661

57,661

Debt Assessments

161,614

161,615

161,615

Other Revenues

0

0

0

Interest Income

1,080

22,000

21,880

Total Revenues

$	267,608

$	289,177

$	289,057

EXPENDITURES

Maintenance/Security Expenditures

Engineering/Inspections

2,800

2,000

2,000

Engineering - Special Projects

3,000

1,000

0

Community Security

6,000

1,000

0

Security Cameras/MTE/Upkeep

12,000

6,000

4,588

FP&L Meter/Mailbox Area

4,200

1,500

1,411

Street/Roadway Drainage Maintenance

4,200

1,000

0

Maintenance/Contingency (Lighting, Holiday Decorations, Etc.)

22,000

20,000

17,412

Total Maintenance Expenditures

$	54,200

$	32,500

$	25,411

Administrative Expenditures

Supervisor Fees

10,000

11,200

11,200

Payroll Taxes - Employer

765

857

857

Management

30,360

30,360

30,360

Secretarial And Field Operations

6,600

6,600

6,600

Legal

4,000

1,000

0

Assessment Roll

7,500

7,500

7,500

Audit Fees

3,800

3,300

3,300

Insurance

7,300

6,858

6,858

Legal Advertisements

1,800

3,100

2,009

Miscellaneous

1,500

2,300

2,180

Postage

300

425

392

Office Supplies

450

325

283

Dues & Subscriptions

175

175

175

Trustee Fee

3,850

4,148

4,148

Continuing Disclosure Fee

350

350

350

Website Management

1,750

1,750

1,750

Total Administrative Expenditures

$	80,500

$	80,248

$	77,962

Total Expenditures

$	134,700

$	112,748

$	103,373

Revenue Less Expenditures

$	132,908

$	176,429

$	185,684

Bond Payments

(151,917)

(354,080)

(354,080)

Balance

$	(19,009)

$	(177,651)

$	(168,396)

County Appraiser & Tax Collector Fee

(5,330)

(2,570)

(2,570)

Discounts For Early Payments

(10,661)

(9,861)

(9,861)

EXCESS/ (SHORTFALL)

$	(35,000)

$	(190,082)

$	(180,827)

Carryover From Prior Year

35,000

35,000

0

Net Excess/ (Shortfall)

$	-

$	(155,082)

$	(180,827)

AMENDED FINAL BUDGET
CARIBE PALM COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Note*: Reserve Fund Balance = $90,918. Revenue Fund Balance = $287,649. Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $26,060 And Extraordinary Principal Payment Of $200,000.
* Approximate Amounts

Series 2017 Bond Refunding Information

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

$1,870,000 3.5% - 4.5%
July 2017
May 2035

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

Par Amount As Of 9/30/25 =

$1,200,000

II

10/23/2025 9:34 AM

$166,750

$211,817

$378,567

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 - 9/29/25

Interest Income

500

7,617

7,617

NAV Tax Collection

151,917

354,080

354,080

Total Revenues

$	152,417

$	361,697

$	361,697

EXPENDITURES

Principal Payments

94,000

94,000

94,000

Interest Payments

54,000

55,880

55,880

Bond Redemption

4,417

0

0

Total Expenditures

$	152,417

$	149,880

$	149,880

EXCESS/ (SHORTFALL)

$	-

$	211,817

$	211,817