Silver Palms 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
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	63,283	
Maintenance Assessments	42,771	
Debt Assessments	193,202	
Interest Income	1,200	
TOTAL REVENUES	$	300,456	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Lawn Maintenance/Landscaping	27,000	
Aquatic Maintenance	2,000	
Maintenance/District Improvements	4,205	
Engineering/Inspections	3,000	
Contingency/Reserve	4,000	
TOTAL MAINTENANCE EXPENDITURES	40,205	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	420	
Management	21,516	
Secretarial	2,700	
Legal	9,000	
Assessment Roll	3,500	
Audit Fees	3,600	
Insurance	7,400	
Legal Advertisements	3,000	
Miscellaneous	800	
Postage	250	
Office Supplies	450	
Dues & Subscriptions	175	
Trustee Fee	4,250	
Continuing Disclosure Fee	250	
Website Management	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	64,061	
		
TOTAL EXPENDITURES	$	104,266	
		
REVENUES LESS EXPENDITURES	$	196,190	
		
Debt Payments	(181,610)	
		
BALANCE	$	14,580	
		
County Appraiser & Tax Collector Fee	(5,985)	
Discounts For Early Payments	(11,970)	
		
Excess/ (Shortfall)	$	(3,375)	
		
Carryover Funds From Prior Year	3,375	
		
Net Excess/ (Shortfall)	$	-	

I

DETAILED FINAL BUDGET
SILVER PALMS 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	63,896	63,309	63,283	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	42,771	42,771	42,771	Expenditures /.94	
Debt Assessments	193,202	193,202	193,202	Bond Payments/.94	
Interest Income	12,716	600	1,200	Estimated At $100 Per Month	
TOTAL REVENUES	$	312,585	$	299,882	$	300,456		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Lawn Maintenance/Landscaping	22,759	27,000	27,000	No Change From 2024/2025 Budget	
Aquatic Maintenance	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Maintenance/District Improvements	0	4,205	4,205	No Change From 2024/2025 Budget	
Engineering/Inspections	2,435	3,000	3,000	No Change From 2024/2025 Budget	
Contingency/Reserve	8,800	4,000	4,000	No Change From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	35,994	40,205	40,205		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	4,600	5,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	352	420	420	Projected At 8% Of Supervisor Fees	
Management	20,316	20,916	21,516	CPI Adjustment	
Secretarial	2,700	2,700	2,700	No Change From 2024/2025 Budget	
Legal	8,290	9,000	9,000	No Change From 2024/2025 Budget	
Assessment Roll	3,500	3,500	3,500	As Per Contract	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,200	7,400	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	2,721	2,000	3,000	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	524	900	800	$100 Decrease From 2024/2025 Budget	
Postage	187	250	250	No Change From 2024/2025 Budget	
Office Supplies	415	450	450	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,246	4,100	4,250	$150 Increase From 2024/2025 Budget	
Continuing Disclosure Fee	250	250	250	No Change From 2024/2025 Budget	
Website Management	1,750	1,750	1,750	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	60,020	$	62,111	$	64,061		
					
TOTAL EXPENDITURES	$	96,014	$	102,316	$	104,266		
					
REVENUES LESS EXPENDITURES	$	216,571	$	197,566	$	196,190		
					
Debt Payments	(184,079)	(181,610)	(181,610)	2026 Principal & Interest Payments	
					
BALANCE	$	32,492	$	15,956	$	14,580		
					
County Appraiser & Tax Collector Fee	(2,883)	(5,985)	(5,985)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,254)	(11,971)	(11,970)	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	18,355	$	(2,000)	$	(3,375)		
					
Carryover Funds From Prior Year	0	2,000	3,375	Carryover Funds From Prior Year	
					
Net Excess/ (Shortfall)	$	18,355	$	-	$	-		

II

DETAILED FINAL DEBT SERVICE FUND BUDGET
SILVER PALMS 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	
3,912	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
184,079	
181,610	
181,610	
Maximum Debt Service Collection	

Total Revenues	
$	187,991	
$	182,010	
$	182,610		

EXPENDITURES					

Principal Payments	
110,000	
115,000	
121,000	
Principal Payment Due In 2026	

Interest Payments	
61,843	
65,764	
60,159	
Interest Payments Due In 2026	

Bond Redemption	
0	
1,246	
1,451	
Estimated Excess Debt Collections	

Total Expenditures	
$	171,843	
$	182,010	
$	182,610		

Excess/ (Shortfall)	
$	16,148	
$	-	
$	-		

Note: 2023 Bond Refunding, Included Project Proceeds Of $480,000.

Series 2023 Bond Refunding Information		
Original Par Amount =	$1,552,000	Annual Principal Payments Due:	May 1st	
Interest Rate = Issue Date = Maturity Date =	4.75%
June 2023
May 2034	May 1st
Annual Interest Payments Due: May 1st & November 1st	May 1st & November 1st	
Par Amount As Of 1/1/25 =	$1,442,000			

III

Silver Palms Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative	
$	305.88	
$	315.37	
$	314.98	
$	
314.85	
Maintenance	$	193.18	$	212.80	$	212.80	$	212.80	
Debt	 $	609.19	 $	961.21	 $	961.21	 $	961.21	
Total	$	1,108.25	$	1,489.38	$	1,488.99	$	1,488.86	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	201

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