Crestview West Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
Administrative Assessments	59,137	
Maintenance Assessments	2,234	
Debt Assessments	168,769	
Other Revenues	0	
Interest	840	
		
TOTAL REVENUES	$	230,980	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Engineering - Annual Report/Inspections	1,100	
Special Projects	500	
Miscellaneous Maintenance	500	
TOTAL MAINTENANCE EXPENDITURES	$	2,100	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes	306	
Management	21,348	
Legal	7,000	
Assessment Roll	6,500	
Audit Fees	3,700	
Insurance	7,300	
Legal Advertisements	2,750	
Miscellaneous	575	
Postage	200	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,000	
Continuing Disclosure Fee	350	
Website Management	1,450	
Administrative Contingency	150	
TOTAL ADMINISTRATIVE EXPENDITURES	$	59,154	
		
TOTAL EXPENDITURES	$	61,254	
		
REVENUES LESS EXPENDITURES	$	169,726	
		
Bond Payments	(158,643)	
		
BALANCE	$	11,083	
		
County Appraiser & Tax Collector Fee	(4,602)	
Discounts For Early Payments	(9,206)	
		
EXCESS/ (SHORTFALL)	$	(2,725)	
		
Carryover From Prior Year	2,725	
		
NET EXCESS/ (SHORTFALL)	$	0	

DETAILED FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
Administrative Assessments	59,850	59,148	59,137	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	2,234	2,234	2,234	Expenditures/.94	
Debt Assessments	168,769	168,769	168,769	Bond Payments/.94	
Other Revenues	0	0	0		
Interest	2,961	480	840	Estimated At $70 Per Month	
					
TOTAL REVENUES	$	233,814	$	230,631	$	230,980		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Engineering - Annual Report/Inspections	1,100	1,000	1,100	$100 Increase From 2024/2025 Budget	
Special Projects	0	600	500	$100 Decrease From 2024/2025 Budget	
Miscellaneous Maintenance	0	500	500	No Change From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	1,100	$	2,100	$	2,100		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	3,600	4,000	4,000	Supervisor Fees	
Payroll Taxes	275	306	306	Supervisor Fees * 7.65%	
Management	20,148	20,748	21,348	CPI Adjustment	
Legal	7,490	7,000	7,000	No Change From 2024/2025 Budget	
Assessment Roll	6,500	6,500	6,500	As Per Contract	
Audit Fees	3,900	4,000	3,700	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,100	7,300	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	3,610	1,750	2,750	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	439	600	575	$25 Decrease From 2024/2025 Budget	
Postage	119	200	200	No Change From 2024/2025 Budget	
Office Supplies	301	375	350	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,000	3,000	3,000	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	1,450	1,450	1,450	No Change From 2024/2025 Budget	
Administrative Contingency	0	150	150	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,951	$	57,704	$	59,154		
					
TOTAL EXPENDITURES	$	59,051	$	59,804	$	61,254		
					
REVENUES LESS EXPENDITURES	$	174,763	$	170,827	$	169,726		
					
Bond Payments	(161,229)	(158,643)	(158,643)	2026 P & I Payments	
					
BALANCE	$	13,534	$	12,184	$	11,083		
					
County Appraiser & Tax Collector Fee	(2,225)	(4,603)	(4,602)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(8,062)	(9,206)	(9,206)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	3,247	$	(1,625)	$	(2,725)		
					
Carryover From Prior Year	0	1,625	2,725	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	3,247	$	0	$	0		

DETAILED FINAL DEBT SERVICE FUND BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
8,479	
600	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
161,229	
158,643	
158,643	
Maximum Debt Service Collection	

Total Revenues	
$	169,708	
$	159,243	
$	159,843		

EXPENDITURES					

Principal Payments	
56,000	
60,000	
63,000	
Principal Payments Due In 2026	

Interest Payments	
101,270	
97,950	
95,500	
Interest Payments Due In 2026	

Bond Redemption	
0	
1,293	
1,343	
Estimated Excess Debt Collections	

Total Expenditures	
$	157,270	
$	159,243	
$	159,843		

Excess/ (Shortfall)	
$	12,438	
$	-	
$	-		

Series 2014 Bond Information

Original Par Amount =	$2,462,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	4% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	November 2014			
Maturity Date =

Par Amount As Of 1/1/25 =	November 2044

$1,971,000			

Crestview West Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	2025/2026	
	Assessment*			Assessment*			Assessment*			Assessment*		  Projected Assessment* 	

Administrative	
$	439.33	
$	519.27	
$	518.99	
$	518.85	
$	
518.76	
Maintenance	$	19.60	$	19.60	$	19.60	$	19.60	$	19.60	
Debt	$	1,480.43	$	1,480.43	$	1,480.43	$	1,480.43	$	1,480.43	
Total	$	1,939.36	$	2,019.30	$	2,019.02	$	2,018.88	$	2,018.79	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:	       Total Units	114

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