Palm Beach Plantation Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	166,902	
Debt Assessments	476,193	
Other Revenues	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	644,295	
		
Discounts For Early Payments	(25,725)	
		
TOTAL NET REVENUES	$	618,570	
		
EXPENDITURES		
Supervisor Fees	7,000	
Payroll Taxes	560	
Maintenance	7,500	
Engineering/Inspections	10,000	
Management	39,240	
Secretarial	4,200	
Legal	8,500	
Assessment Roll	3,000	
Audit Fees	3,600	
Arbitrage Calculation Report Fee	650	
Insurance	7,700	
Legal Advertisements	1,500	
Miscellaneous	800	
Postage	250	
Office Supplies	600	
Dues & Subscriptions	175	
Trustee Fees	4,100	
Website Management	1,250	
Reserve/Contingency	53,300	
County Appraiser & Tax Collector Fee	7,500	
		
TOTAL EXPENDITURES	$	161,425	
		
REVENUES LESS EXPENDITURES	$	457,145	
		
Bond Payments	(457,145)	
		
EXCESS/ (SHORTFALL)	$	-	

Notes
Fund Balance As Of 9-30-24: $86,000 Plus Reserve/Contingency $54,600
Estimated Fund Balance As Of 9-30-25: $86,000 Plus Reserve/Contingency (Estimated At $105,900)

DETAILED PROPOSED BUDGET
PALM BEACH PLANTATION 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	
O & M Assessments	167,821	163,668	166,902	Expenditures Less Interest/.96	
Debt Assessments	478,838	479,724	476,193	Bond Payments/.96	
Other Revenues	0	0	0		
Interest Income	8,477	600	1,200	Projected At $100 Per Month	
					
TOTAL REVENUES	$	655,136	$	643,992	$	644,295		
					
Discounts For Early Payments	(23,931)	(25,736)	(25,725)	Four Percent Of Total Assessment Roll	
					
TOTAL NET REVENUES	$	631,205	$	618,256	$	618,570		
					
EXPENDITURES					
Supervisor Fees	1,800	7,000	7,000	Supervisor Fees	
Payroll Taxes	156	560	560	Projected At 8 Percent Of Supervisor Fees	
Maintenance	5,000	7,500	7,500	No Change From 2024/2025 Budget	
Engineering/Inspections	0	10,000	10,000	No Change From 2024/2025 Budget	
Management	37,032	38,136	39,240	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	7,090	8,500	8,500	No Change From 2024/2025 Budget	
Assessment Roll	3,000	3,000	3,000	No Change From 2024/2025 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Calculation Report Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,925	7,400	7,700	Fiscal Year 2024/2025 Expenditure Was For $7,202	
Legal Advertisements	1,612	1,200	1,500	$300 Increase From 2024/2025 Budget	
Miscellaneous	353	850	800	$50 Decrease From 2024/2025 Budget	
Postage	91	275	250	$25 Decrease From 2024/2025 Budget	
Office Supplies	259	625	600	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	4,080	4,100	4,100	No Change From 2024/2025 Budget	
Website Management	1,250	1,250	1,250	No Change From 2024/2025 Budget	
Reserve/Contingency	0	51,300	53,300	Reserve/Contingency	
County Appraiser & Tax Collector Fee	7,403	7,500	7,500	County Appraiser & Tax Collector Fee	
					
TOTAL EXPENDITURES	$	84,476	$	157,721	$	161,425		
					
REVENUES LESS EXPENDITURES	$	546,729	$	460,535	$	457,145		
					
Bond Payments	(458,713)	(460,535)	(457,145)	2026 P & I Payments Less Earned Interest	
					
EXCESS/ (SHORTFALL)	$	88,016	$	-	$	-		
Notes
Fund Balance As Of 9-30-24: $86,000 Plus Reserve/Contingency $54,600
Estimated Fund Balance As Of 9-30-25: $86,000 Plus Reserve/Contingency (Estimated At $105,900)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET PALM BEACH PLANTATION 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	
15,481	
400	
1,000	
Interest For FY 2025/2026	

NAV Tax Collection	
458,713	
460,535	
457,145	

2026 P & I Payments Less Earned Interest	
	
0	
0	
0		

Total Revenues	
$	474,194	
$	460,935	
$	458,145		

EXPENDITURES					

Principal Payments	
340,000	
345,000	
355,000	
Principal Payment Due In 2026	

Interest Payments	
135,930	
115,935	
103,145	
Interest Payments Due In 2026	

Total Expenditures	
$	475,930	
$	460,935	
$	458,145		

Excess/ (Shortfall)	
$	(1,736)	
$	-	
$	-		

Series 2014 Bond Refunding Information
Original Par Amount =	$5,940,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.940%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2014			
Maturity Date =

Par Amount As Of 1-1-25 =	May 2029

$3,115,000			

Principal Amount Due In May 2029: $1,655,000 ($405,000 - Regular Payment & $1,250,000 - Balloon Payment)

Palm Beach Plantation 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*		

O & M For Lot Size 45	
$	
206.46	
$	201.03	
$	278.21	
$	272.79	
$	
278.18	
Debt For Lot Size 45	$	760.94	 $	765.43	 $	760.62	$	762.30	 $	756.68	
Total	$	967.40	$	966.46	$	1,038.83	$	1,035.09	$	1,034.86	
O & M For Lot Size 65+70	$	206.46	$	201.03	$	278.21	$	272.79	$	278.18	
Debt For Lot Size 65+70	$	845.15	 $	850.14	 $	847.89	$	852.87	 $	846.60	
Total	$	1,051.61	$	1,051.17	$	1,126.10	$	1,125.66	$	1,124.78	

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

 Community Information:	

45 Foot Lots	326	
65/70 Foot Lots	274	
Total Units	600	

45 Foot Lots Information	

Total Units	326	
Prepayments	1	
Billed For Debt	325	

 65/70 Foot Lots Information	

Total Units	274	
Prepayments	2	
Billed For Debt	272	

3/11/2025 4:44 PM	IV