Principal One Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
PRINCIPAL ONE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

10/24/2025 1:40 PM

$114,636

($50,771)

$63,865

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

O & M Assessments

102,022

102,212

102,212

Debt Assessments

230,011

230,074

230,074

Other Revenues

0

0

0

Interest Income

600

6,000

5,897

TOTAL REVENUES

$	332,633

$	338,286

$	338,183

EXPENDITURES

Engineering/Inspections

2,000

2,000

940

Supervisor Fees

0

0

0

Management

31,824

31,824

31,824

Legal

2,500

2,500

1,631

Assessment Roll

5,000

5,000

5,000

Audit Fees

4,100

3,900

3,900

Insurance

7,250

6,858

6,858

Legal Advertisements

600

1,100

823

Miscellaneous

900

1,400

1,272

Postage

200

410

395

Office Supplies

325

625

579

Dues & Subscriptions

175

175

175

Trustee Fee

2,500

2,500

2,500

Continuing Disclosure Fee

300

300

300

Website Management

2,000

2,000

2,000

Contingency (Storm Drain Line Repairs, Etc.)

350

63,100

14,200

Landscape Maintenance

12,000

12,000

12,000

Additional Landscape Maintenance

13,000

10,000

6,781

Lake Maintenance

2,000

2,121

2,121

Maintenance Reserve

7,436

4,000

0

TOTAL EXPENDITURES

$	94,460

$	151,813

$	93,299

REVENUES LESS EXPENDITURES

$	238,173

$	186,473

$	244,884

Bond Payments

(211,611)

(213,930)

(213,930)

BALANCE

$	26,562

$	(27,457)

$	30,954

County Appraiser & Tax Collector Fee

(13,281)

(11,206)

(11,206)

Discounts For Early Payments

(13,281)

(12,108)

(12,108)

EXCESS/ (SHORTFALL)

$	-

$	(50,771)

$	7,640

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	(50,771)

$	7,640

AMENDED FINAL BUDGET
PRINCIPAL ONE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $75,782*. Revenue Fund Balance = $93,787* Redemption Fund Balance = $6,185*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $22,413.
* Approximate Amounts

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

Par Amount As Of 9/30/25 =

$1,630,000

II

10/24/2025 1:40 PM

$171,755

$3,999

$175,754

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

500

4,432

4,432

NAV Tax Collection

211,611

213,930

213,930

Total Revenues

$	212,111

$	218,362

$	218,362

EXPENDITURES

Principal Payments

165,000

165,000

165,000

Interest Payments

47,094

49,363

49,363

Bond Redemption

17

0

0

Total Expenditures

$	212,111

$	214,363

$	214,363

Excess/ (Shortfall)

$	-

$	3,999

$	3,999