Crestview West 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
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

.

Notes
Carryover from prior year of $1,625 used to reduce Fiscal Year 2024/2025 Assessments. Carryover from prior year of $2,725 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

9/7/2025 9:53 AM

$33,084

$310

$33,394

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 - 8/31/25

Administrative Assessments

59,148

59,766

59,766

Maintenance Assessments

2,234

2,234

2,234

Debt Assessments

168,769

168,769

168,769

Other Revenues

0

0

0

Interest

480

1,150

1,089

TOTAL REVENUES

$	230,631

$	231,919

$	231,858

EXPENDITURES

MAINTENANCE EXPENDITURES

Engineering - Annual Report/Inspections

1,000

1,000

0

Special Projects

600

300

0

Miscellaneous Maintenance

500

25

0

TOTAL MAINTENANCE EXPENDITURES

$	2,100

$	1,325

$	-

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

4,000

3,600

2,600

Payroll Taxes

306

372

292

Management

20,748

20,748

19,019

Legal

7,000

8,000

6,265

Assessment Roll

6,500

6,500

0

Audit Fees

4,000

3,600

3,600

Insurance

7,100

6,858

6,858

Legal Advertisements

1,750

3,000

2,275

Miscellaneous

600

500

342

Postage

200

100

87

Office Supplies

375

300

245

Dues & Subscriptions

175

175

175

Trustee Fee

3,000

3,000

3,000

Continuing Disclosure Fee

350

350

0

Website Management

1,450

1,450

1,329

Administrative Contingency

150

150

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	57,704

$	58,703

$	46,087

TOTAL EXPENDITURES

$	59,804

$	60,028

$	46,087

REVENUES LESS EXPENDITURES

$	170,827

$	171,891

$	185,771

Bond Payments

(158,643)

(161,045)

(161,045)

BALANCE

$	12,184

$	10,846

$	24,726

County Appraiser & Tax Collector Fee

(4,603)

(2,221)

(2,221)

Discounts For Early Payments

(9,206)

(8,315)

(8,315)

EXCESS/ (SHORTFALL)

$	(1,625)

$	310

$	14,190

Carryover From Prior Year

1,625

1,625

0

NET EXCESS/ (SHORTFALL)

$	0

$	1,935

$	14,190

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

Notes
Reserve Fund Balance = $40,219*. Revenue Fund Balance = $165,413*. Revenue Fund Balance To Be Used To Make 11/1/2025 Principal & Interest Payment Of $108,975 -
Principal Payment Of $60,000 & Interest Payment Of $48,975.
* Approximate Amounts

Series 2014 Bond Information

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

$2,562,000 4.00% - 5.00%
November 2014
November 2044

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

Par Amount As Of 9/30/25:

$1,971,000

II

9/7/2025 9:53 AM

$196,534

$9,098

$205,632

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 - 8/31/25

Interest Income

600

6,500

6,169

NAV Tax Collection

158,643

156,648

156,648

Total Revenues

$	159,243

$	163,148

$	162,817

EXPENDITURES

Principal Payments

60,000

55,000

55,000

Interest Payments

97,950

99,050

99,050

Bond Redemption

1,293

0

0

.

Total Expenditures

$	159,243

$	154,050

$	154,050

Excess/ (Shortfall)

$	-

$	9,098

$	8,767