Principal One	
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
PRINCIPAL ONE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR	
	2025/2026	
	BUDGET	
O & M Assessments	102,022	
Debt Assessments	230,011	
Other Revenues	0	
Interest Income	960	
TOTAL REVENUES	$	332,993	
		
EXPENDITURES		
Engineering/Inspections	2,000	
Supervisor Fees	0	
Management	32,736	
Legal	2,000	
Assessment Roll	5,000	
Audit Fees	4,000	
Insurance	7,250	
Legal Advertisements	650	
Miscellaneous	850	
Postage	200	
Office Supplies	325	
Dues & Subscriptions	175	
Trustee Fee	2,500	
Continuing Disclosure Fee	300	
Website Management	2,000	
Contingency	350	
Landscape Maintenance	12,000	
Additional Landscape Maintenance	13,000	
Lake Maintenance	2,000	
Maintenance Reserve	7,484	
TOTAL EXPENDITURES	$	94,820	
		
REVENUES LESS EXPENDITURES	$	238,173	
		
Bond Payments	(211,611)	
		
BALANCE	$	26,562	
		
County Appraiser & Tax Collector Fees	(13,281)	
Discounts For Early Payments	(13,281)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED PROPOSED BUDGET
PRINCIPAL ONE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR	

COMMENTS	
	2023/2024	2024/2025	2025/2026		
	ACTUAL	BUDGET	BUDGET		
O & M Assessments	102,363	102,022	102,022	Expenditures Less Interest & Carryover/.92	
Debt Assessments	230,014	230,011	230,011	Bond Payments/.92	
Other Revenues	0	0	0		
Interest Income	7,410	600	960	Projected At $80 Per Month	
TOTAL REVENUES	$	339,787	$	332,633	$	332,993		
					
EXPENDITURES					
Engineering/Inspections	690	2,000	2,000	No Change From 2024/2025 Budget	
Supervisor Fees	0	0	0	No Change From 2024/2025 Budget	
Management	30,900	31,824	32,736	CPI Adjustment	
Legal	1,211	2,500	2,000	$500 Decrease From 2024/2025 Budget	
Assessment Roll	5,000	5,000	5,000	No Change From 2024/2025 Budget	
Audit Fees	4,000	4,100	4,000	$100 Decrease From 2024/2025 Budget	
Insurance	6,594	7,250	7,250	Fiscal Year 2024/2025 Insurance Was $6,858	
Legal Advertisements	759	600	650	$50 Increase From 2024/2025 Budget	
Miscellaneous	474	900	850	$50 Decrease From 2024/2025 Budget	
Postage	94	200	200	No Change From 2024/2025 Budget	
Office Supplies	161	325	325	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	2,500	2,500	2,500	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	300	300	300	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Contingency	4,127	350	350	FY 23/24 Expenditure Was For Wall-Pressure Cleaning	
Landscape Maintenance	12,000	12,000	12,000	Landscape Maintenance	
Additional Landscape Maintenance	12,667	13,000	13,000	Mulch, Tree Trimming, Replacements	
Lake Maintenance	2,040	2,000	2,000	Lake Maintenance	
Maintenance Reserve	0	7,436	7,484	Maintenance Reserve	
TOTAL EXPENDITURES	$	85,692	$	94,460	$	94,820		
					
REVENUES LESS EXPENDITURES	$	254,095	$	238,173	$	238,173		
					
Bond Payments	(213,968)	(211,611)	(211,611)	2026 P & I Payments	
					
BALANCE	$	40,127	$	26,562	$	26,562		
					
County Appraiser & Tax Collector Fees	(11,214)	(13,281)	(13,281)	Four Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,964)	(13,281)	(13,281)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	16,949	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	16,949	$	-	$	-		

II

DETAILED PROPOSED DEBT SERVICE BUDGET
PRINCIPAL ONE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR	

COMMENTS	
	2023/2024	2024/2025	2025/2026		
	ACTUAL	BUDGET	BUDGET		

Interest Income	
5,495	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
213,968	
211,611	
211,611	
Maximum Debt Service Collection	

Total Revenues	
$	219,463	
$	212,111	
$	212,611		

EXPENDITURES					

Principal Payments	
155,000	
165,000	
150,000	
Principal Payment Due In 2026	

Interest Payments	
53,625	
47,094	
42,763	
Interest Payments Due In 2026	

Bond Redemption	
0	
17	
19,848	
Estimated Excess Debt Collections	

Total Expenditures	
$	208,625	
$	212,111	
$	212,611		

Excess/ (Shortfall)	
$	10,838	
$	-	
$	-		

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

Series 2016 Bond Refunding Information	
$2,945,000	Annual Principal Payments Due =	
2.75%	Annual Interest Payments Due =	
May 2016		
May 2035		

May 1st	
May 1st & November 1st	

Par Amount As Of 1/1/25 =	$1,795,000	

III

Principal One 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	
Debt	
Total	

$	131.30	
 $	523.95	
$	655.25	

$	131.30	
$	523.95	
$	655.25	

$	231.87	
$	523.95	
$	755.82	

$	231.87	
$	523.95	
$	755.82	

$	231.87	
 $	523.95	
$	755.82	

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

 Community Information:		
Total Units	
 Prepayments		
Billed for Debt	

440	
1	
439	

IV