Valencia Acres 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
VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover from prior year of $5,600 was used to reduce Fiscal Year 2024/2025 Assessments.
$7,250 of Fund Balance to be used to reduce 2025/2026 Assessments.

I

$99,929

($1,388)

$98,541

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

O & M Assessments

45,798

46,092

46,092

Debt Assessments

101,283

101,497

101,497

Interest Income

480

4,200

4,118

TOTAL REVENUES

$	147,561

$	151,789

$	151,707

EXPENDITURES

Supervisor Fees

4,000

2,800

2,800

Payroll Taxes (Employer)

305

214

214

Engineering/Inspections

1,000

0

0

Management

15,000

15,000

15,000

Legal

7,000

8,200

7,120

Assessment Roll

4,000

4,000

4,000

Audit Fees

3,400

3,400

3,400

Insurance

7,100

6,858

6,858

Legal Advertisements

1,500

3,500

1,988

Miscellaneous

375

375

276

Postage

325

350

331

Office Supplies

300

100

22

Dues & Subscriptions

175

175

175

Trustee Fee

2,550

2,500

2,500

Continuing Disclosure Fee

350

350

350

Website Management

1,750

1,750

1,750

TOTAL EXPENDITURES

$	49,130

$	49,572

$	46,784

REVENUES LESS EXPENDITURES

$	98,431

$	102,217

$	104,923

Bond Payments

(95,206)

(96,827)

(96,827)

BALANCE

$	3,225

$	5,390

$	8,096

County Appraiser & Tax Collector Fee

(2,942)

(1,420)

(1,420)

Discounts For Early Payments

(5,883)

(5,358)

(5,358)

EXCESS/ (SHORTFALL)

$	(5,600)

$	(1,388)

$	1,318

Carryover From Prior Year

5,600

5,600

0

NET EXCESS/ (SHORTFALL)

$	-

$	4,212

$	1,318

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

Notes
Revenue Fund Balance = $36,748*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $13,081.
* Approximate Amounts

Series 2016 Bond Refunding Information

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

$1,265,410 3.5% - 5.8%
July 2016
May 2034

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

Par Amount As Of 9/30/25 =

$731,182

II

$34,643

$2,105

$36,748

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

300

1,700

1,685

NAV Tax Collection

94,811

96,827

96,827

Total Revenues

$	95,111

$	98,527

$	98,512

EXPENDITURES

Principal Payments

67,968

67,968

67,968

Interest Payments

27,143

28,454

28,454

Total Expenditures

$	95,111

$	96,422

$	96,422

Excess/ (Shortfall)

$	-

$	2,105

$	2,090