Silver Palms 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
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

63,236

Maintenance Assessments

42,771

Debt Assessments

193,202

Interest Income

1,320

TOTAL REVENUES

$	300,529

EXPENDITURES

MAINTENANCE EXPENDITURES

Lawn Maintenance/Landscaping

27,000

Aquatic Maintenance

2,000

Maintenance/District Improvements

4,205

Engineering/Inspections

3,000

Engineering-Extraordinary-Erosion Control

0

Contingency/Reserve

4,000

Erosion Control & Shoreline Restoration

0

TOTAL MAINTENANCE EXPENDITURES

40,205

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

Payroll Taxes (Employer)

420

Management

22,092

Secretarial

2,700

Legal

9,000

Assessment Roll

3,500

Audit Fees

3,600

Insurance

8,300

Legal Advertisements

2,750

Miscellaneous

750

Postage

250

Office Supplies

400

Dues & Subscriptions

175

Trustee Fee

4,250

Continuing Disclosure Fee

250

Website Management

1,750

TOTAL ADMINISTRATIVE EXPENDITURES

$	65,187

TOTAL EXPENDITURES

$	105,392

REVENUES LESS EXPENDITURES

$	195,137

Debt Payments

(181,610)

BALANCE

$	13,527

County Appraiser & Tax Collector Fee

(5,984)

Discounts For Early Payments

(11,968)

Excess/ (Shortfall)

$	(4,425)

Carryover Funds From Prior Year

4,425

Net Excess/ (Shortfall)

$	-

DETAILED PROPOSED BUDGET
SILVER PALMS 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

63,802

63,283

63,236

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

42,773

42,771

42,771

Expenditures /.94

Debt Assessments

193,203

193,202

193,202

Bond Payments/.94

Interest Income

9,675

1,200

1,320

Estimated At $110 Per Month

TOTAL REVENUES

$	309,453

$	300,456

$	300,529

EXPENDITURES

MAINTENANCE EXPENDITURES

Lawn Maintenance/Landscaping

25,209

27,000

27,000

No Change From 2025/2026 Budget

Aquatic Maintenance

2,000

2,000

2,000

No Change From 2025/2026 Budget

Maintenance/District Improvements

0

4,205

4,205

No Change From 2025/2026 Budget

Engineering/Inspections

1,505

3,000

3,000

No Change From 2025/2026 Budget

Engineering-Extraordinary-Erosion Control

7,986

0

0

Contingency/Reserve

0

4,000

4,000

No Change From 2025/2026 Budget

Erosion Control & Shoreline Restoration

25,005

0

0

TOTAL MAINTENANCE EXPENDITURES

61,705

40,205

40,205

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

2,400

5,000

5,000

Supervisor Fees

Payroll Taxes (Employer)

184

420

420

Projected At 8% Of Supervisor Fees

Management

20,916

21,516

22,092

CPI Adjustment

Secretarial

2,700

2,700

2,700

No Change From 2025/2026 Budget

Legal

7,098

9,000

9,000

No Change From 2025/2026 Budget

Assessment Roll

3,500

3,500

3,500

As Per Contract

Audit Fees

3,500

3,600

3,600

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,400

8,300

Fiscal Year 2025/2026 Expenditure Was $7,769

Legal Advertisements

2,084

3,000

2,750

$250 Decrease From 2025/2026 Budget

Miscellaneous

500

800

750

$50 Decrease From 2025/2026 Budget

Postage

129

250

250

No Change From 2025/2026 Budget

Office Supplies

236

450

400

$50 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

4,246

4,250

4,250

No Change From 2025/2026 Budget

Continuing Disclosure Fee

250

250

250

No Change From 2025/2026 Budget

Website Management

1,750

1,750

1,750

No Change From 2025/2026 Budget

TOTAL ADMINISTRATIVE EXPENDITURES

$	56,526

$	64,061

$	65,187

TOTAL EXPENDITURES

$	118,231

$	104,266

$	105,392

REVENUES LESS EXPENDITURES

$	191,222

$	196,190

$	195,137

Debt Payments

(183,976)

(181,610)

(181,610)

2027 Principal & Interest Payments

BALANCE

$	7,246

$	14,580

$	13,527

County Appraiser & Tax Collector Fee

(2,880)

(5,985)

(5,984)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(11,415)

(11,970)

(11,968)

Four Percent Of Total Assessment Roll

Excess/ (Shortfall)

$	(7,049)

$	(3,375)

$	(4,425)

Carryover Funds From Prior Year

0

3,375

4,425

Carryover Funds From Prior Year

Net Excess/ (Shortfall)

$	(7,049)

$	-

$	-

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

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

Series 2023 Bond Refunding Information

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

$1,552,000 4.75%
June 2023
May 2034

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

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$1,327,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

3,573

1,000

1,200

Projected Interest For 2026/2027

NAV Tax Collection

183,976

181,610

181,610

Maximum Debt Service Collection

Total Revenues

$	187,549

$	182,610

$	182,810

EXPENDITURES

Principal Payments

115,000

121,000

127,000

Principal Payment Due In 2027

Interest Payments

68,495

60,159

54,269

Interest Payments Due In 2027

Bond Redemption

0

1,451

1,541

Estimated Excess Debt Collections

Total Expenditures

$	183,495

$	182,610

$	182,810

Excess/ (Shortfall)

$	4,054

$	-

$	-

Silver Palms Community Development District Assessment Comparison

Fiscal Year 2022/2023
Assessment
Before Discount*

Fiscal Year 2023/2024
Assessment
Before Discount*

Fiscal Year 2024/2025
Assessment
Before Discount*

Fiscal Year 2025/2026
Projected Assessment
Before Discount*

Administrative
Maintenance Debt
Total

$
$

305.88
193.18

$
$

315.37
212.80

$
$

314.98
212.80

$
$

314.62
212.80

 $	609.19

$	961.21

$	961.21

$	961.21

$

1,108.25

$

1,489.38

$

1,488.99

$

1,488.63

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

 Community Information:	

Total Units

201

IV