Crestview West 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
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

59,127

Maintenance Assessments

2,234

Debt Assessments

168,769

Other Revenues

0

Interest

960

TOTAL REVENUES

$	231,090

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

21,924

Legal

7,500

Assessment Roll

6,500

Audit Fees

3,800

Insurance

7,800

Legal Advertisements

2,550

Miscellaneous

550

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

$	60,605

TOTAL EXPENDITURES

$	62,705

REVENUES LESS EXPENDITURES

$	168,385

Bond Payments

(158,643)

BALANCE

$	9,742

County Appraiser & Tax Collector Fee

(4,602)

Discounts For Early Payments

(9,205)

EXCESS/ (SHORTFALL)

$	(4,065)

Carryover From Prior Year

4,065

NET EXCESS/ (SHORTFALL)

$	0

DETAILED PROPOSED BUDGET
CRESTVIEW WEST 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

Administrative Assessments

59,766

59,137

59,127

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

2,500

840

960

Estimated At $80 Per Month

TOTAL REVENUES

$	233,269

$	230,980

$	231,090

EXPENDITURES

MAINTENANCE EXPENDITURES

Engineering - Annual Report/Inspections

0

1,100

1,100

$100 Increase From 2024/2025 Budget

Special Projects

0

500

500

$100 Decrease From 2024/2025 Budget

Miscellaneous Maintenance

0

500

500

No Change From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$	-

$	2,100

$	2,100

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

3,200

4,000

4,000

Supervisor Fees

Payroll Taxes

338

306

306

Supervisor Fees * 7.65%

Management

20,748

21,348

21,924

CPI Adjustment

Legal

7,563

7,000

7,500

$500 Increase From 2025/2026 Budget

Assessment Roll

6,500

6,500

6,500

As Per Contract

Audit Fees

3,600

3,700

3,800

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,300

7,800

Fiscal Year 2024/2025 Expenditure Was $7,269

Legal Advertisements

2,275

2,750

2,550

$200 Decrease From 2025/2026 Budget

Miscellaneous

394

575

550

$25 Decrease From 2025/2026 Budget

Postage

94

200

200

No Change From 2025/2026 Budget

Office Supplies

250

350

350

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

3,000

3,000

3,000

No Change From 2025/2026 Budget

Continuing Disclosure Fee

350

350

350

No Change From 2025/2026 Budget

Website Management

1,450

1,450

1,450

No Change From 2025/2026 Budget

Administrative Contingency

0

150

150

Administrative Contingency

TOTAL ADMINISTRATIVE EXPENDITURES

$	56,795

$	59,154

$	60,605

TOTAL EXPENDITURES

$	56,795

$	61,254

$	62,705

REVENUES LESS EXPENDITURES

$	176,474

$	169,726

$	168,385

Bond Payments

(161,045)

(158,643)

(158,643)

2027 P & I Payments

BALANCE

$	15,429

$	11,083

$	9,742

County Appraiser & Tax Collector Fee

(2,221)

(4,602)

(4,602)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(8,315)

(9,206)

(9,205)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	4,893

$	(2,725)

$	(4,065)

Carryover From Prior Year

0

2,725

4,065

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	4,893

$	0

$	0

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

Series 2014 Bond Information

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

$2,462,000 4% - 5.00%
November 2014
November 2044

Annual Principal Payments Due =
Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$1,911,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

7,648

1,200

1,400

Projected Interest For 2026/2027

NAV Tax Collection

161,045

158,643

158,643

Maximum Debt Service Collection

Total Revenues

$	168,693

$	159,843

$	160,043

EXPENDITURES

Principal Payments

55,000

63,000

66,000

Principal Payments Due In 2027

Interest Payments

99,050

95,500

92,400

Interest Payments Due In 2027

Bond Redemption

0

1,343

1,643

Estimated Excess Debt Collections

Total Expenditures

$	154,050

$	159,843

$	160,043

Excess/ (Shortfall)

$	14,643

$	-

$	-

Crestview West 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* 

Administrative
Maintenance Debt
Total

$
$

519.27
19.60

$
$

518.99
19.60

$
$

518.85
19.60

$
$

518.76
19.60

$
$

518.67
19.60

 $	1,480.43

 $	1,480.43

 $	1,480.43

 $	1,480.43

 $	1,480.43

$

2,019.30

$

2,019.02

$

2,018.88

$

2,018.79

$

2,018.70

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

 Community Information:	

Total Units

114

IV