Caribe Palm Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
CARIBE PALM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

3/3/2026 11:54 AM

REVENUES

FISCAL YEAR 2026/2027
BUDGET

Administrative Assessments

25,880

Maintenance Assessments

65,957

Debt Assessments

161,614

Other Revenues

0

Interest Income

1,920

TOTAL REVENUES

$	255,371

EXPENDITURES

Maintenance Expenditures

Engineering/Inspections

2,800

Engineering - Special Projects

0

Community Security

0

Security Cameras/MTE/Upkeep

12,000

FP&L Meter/Mailbox Area

4,200

Street/Roadway Drainage Maintenance

6,500

Pressure Cleaning

3,500

Holiday Lighting

10,000

Community Special Projects

8,000

Maintenance/Contingency

15,000

Total Maintenance Expenditures

$	62,000

Administrative Expenditures

Supervisor Fees

11,000

Payroll Taxes (Employer)

842

Management

30,360

Secretarial And Field Operations

6,600

Legal

3,000

Assessment Roll

7,500

Audit Fees

3,500

Insurance

7,900

Legal Advertisements

4,500

Miscellaneous

1,600

Postage

300

Office Supplies

400

Dues & Subscriptions

175

Trustee Fees

4,150

Continuing Disclosure Fee

350

Website Management

1,750

Total Administrative Expenditures

$	83,927

TOTAL EXPENDITURES

$	145,927

REVENUES LESS EXPENDITURES

$	109,444

Bond Payments

(151,917)

BALANCE

$	(42,473)

County Appraiser & Tax Collector Fee

(5,069)

Discounts For Early Payments

(10,138)

EXCESS/ (SHORTFALL)

$	(57,680)

Carryover From Prior Year

57,680

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
CARIBE PALM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

3/3/2026 11:54 AM

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

Administrative Assessments

47,901

34,178

25,880

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

57,661

57,659

65,957

Expenditures/.94

Debt Assessments

161,615

161,614

161,614

Bond Payments/.94

Other Revenues

0

0

0

Interest Income

25,213

1,800

1,920

Interest Estimated At $160 Per Month

TOTAL REVENUES

$	292,390

$	255,251

$	255,371

EXPENDITURES

Maintenance Expenditures

Engineering/Inspections

2,000

2,800

2,800

No Change From 2025/2026 Budget

Engineering - Special Projects

0

3,000

0

Line Item Eliminated

Community Security

4,588

6,000

0

Line Item Eliminated

Security Cameras/MTE/Upkeep

1,411

12,000

12,000

No Change From 2025/2026 Budget

FP&L Meter/Mailbox Area

0

4,200

4,200

No Change From 2025/2026 Budget

Street/Roadway Drainage Maintenance

0

4,200

6,500

$2,100 Increase From 2025/2026 Budget

Pressure Cleaning

0

0

3,500

Pressure Cleaning

Holiday Lighting

0

0

10,000

Holiday Lighting

Community Special Projects

0

0

8,000

Community Special Projects

Maintenance/Contingency

17,412

22,000

15,000

$7,000 Decrease From 2025/2026 Budget

Total Maintenance Expenditures

$	25,411

$	54,200

$	62,000

Administrative Expenditures

Supervisor Fees

11,200

11,000

11,000

Supervisor Fees

Payroll Taxes (Employer)

857

842

842

Supervisor Fees *7.65%

Management

30,360

30,360

30,360

No Change From 2025/2026 Budget

Secretarial And Field Operations

6,600

6,600

6,600

No Change From 2025/2026 Budget

Legal

0

4,000

3,000

$1,000 Decrease From 2025/2026 Budget

Assessment Roll

7,500

7,500

7,500

As Per Contract

Audit Fees

3,300

3,400

3,500

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,400

7,900

Fiscal Year 2025/2026 Expenditure Was $7,269

Legal Advertisements

2,567

4,500

4,500

No Change From 2025/2026 Budget

Miscellaneous

2,180

1,500

1,600

$100 Increase From 2025/2026 Budget

Postage

392

300

300

No Change From 2025/2026 Budget

Office Supplies

283

400

400

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

4,148

3,850

4,150

$300 Increase From 2025/2026 Budget

Continuing Disclosure Fee

350

350

350

No Change From 2025/2026 Budget

Website Management

1,750

1,750

1,750

No Change From 2025/2026 Budget

Total Administrative Expenditures

$	78,520

$	83,927

$	83,927

TOTAL EXPENDITURES

$	103,931

$	138,127

$	145,927

REVENUES LESS EXPENDITURES

$	188,459

$	117,124

$	109,444

Bond Payments

(354,080)

(151,917)

(151,917)

2027 P & I Payments Less Earned Interest

BALANCE

$	(165,621)

$	(34,793)

$	(42,473)

County Appraiser & Tax Collector Fee

(2,570)

(5,069)

(5,069)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(9,861)

(10,138)

(10,138)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	(178,052)

$	(50,000)

$	(57,680)

Carryover From Prior Year

0

50,000

57,680

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	(178,052)

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CARIBE PALM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Note: Extraordinary Principal Payment For $200,000 Was Made In November 2026.

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 =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$1,000,000

III

3/3/2026 11:54 AM

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

7,617

1,200

1,400

Projected Interest For FY 2026/2027

NAV Tax Collection

354,080

151,917

151,917

Maximum Debt Service Collection

Total Revenues

$	361,697

$	153,117

$	153,317

EXPENDITURES

Principal Payments

94,000

97,000

85,000

Principal Payment Due In 2027

Interest Payments

55,880

50,180

42,056

Interest Payments Due In 2027

Bond Redemption

0

5,937

26,261

Bond Redemption

TOTAL EXPENDITURES

$	149,880

$	153,117

$	153,317

EXCESS/ (SHORTFALL)

$	211,817

$	-

$	-

Caribe Palm Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment
 Before Discount* 

Fiscal Year 2024/2025
Assessment
 Before Discount* 

Fiscal Year 2025/2026
Assessment
 Before Discount* 

Fiscal Year 2026/2027
Projected Assessment
	Before Discount*	

$
$

271.81
194.80

$
$

159.65
194.80

$
$

115.47
194.80

$
$

87.44
222.83

Administrative For Twenty Three Foot Lots
Maintenance For Twenty Three Foot Lots Debt For Twenty Three Foot Lots

$	493.08

 $	493.08

 $	493.08

$	493.08

$

959.69

$

847.53

$

803.35

$

803.35

Total For Twenty Three Foot Lots

$
$

271.81
194.80

$
$

159.65
194.80

$
$

115.47
194.80

$
$

87.44
222.83

Administrative For Fifty Foot Lots
Maintenance For Fifty Foot Lots Debt For Fifty Foot Lots

$	604.96

 $	604.96

 $	604.96

$	604.96

$

1,071.57

$

959.41

$

915.23

$

915.23

Total For Fifty Foot Lots

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

 Community Information:	

Twenty Three Foot Lots Fifty Foot Lots
Total Units

156
140
296

IV

3/3/2026 11:54 AM