Principal One Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

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

I

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)

$	-

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

II

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

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

$	-

$	-

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

Series 2016 Bond Refunding Information

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

$2,945,000 2.75%
May 2016
May 2035

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/25 =

$1,795,000

III

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

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

$	-

$	-

Principal One Community Development District Assessment Comparison

Fiscal Year 2021/2022
  Assessment* 

Fiscal Year 2022/2023
  Assessment* 

Fiscal Year 2023/2024
  Assessment* 

Fiscal Year 2024/2025
  Assessment* 

Fiscal Year 2025/2026
 Projected Assessment* 

O & M Debt
Total

$

131.30

$

131.30

$

231.87

$

231.87

$

231.87

$	523.95

$	523.95

$	523.95

$	523.95

$	523.95

$

655.25

$

655.25

$

755.82

$

755.82

$

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

440

 Prepayments	1

Billed for Debt

439

IV