Principal One 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
PRINCIPAL ONE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O & M Assessments

102,022

Debt Assessments

230,011

Other Revenues

0

Interest Income

1,080

TOTAL REVENUES

$	333,113

EXPENDITURES

Engineering/Inspections

2,000

Supervisor Fees

0

Management

33,612

Legal

2,000

Assessment Roll

5,000

Audit Fees

4,100

Insurance

8,000

Legal Advertisements

850

Miscellaneous

950

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

5,578

TOTAL EXPENDITURES

$	94,940

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 PROPOSED BUDGET
PRINCIPAL ONE 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

O & M Assessments

102,212

102,022

102,022

Expenditures Less Interest & Carryover/.92

Debt Assessments

230,074

230,011

230,011

Bond Payments/.92

Other Revenues

0

0

0

Interest Income

6,180

960

1,080

Projected At $90 Per Month

TOTAL REVENUES

$	338,466

$	332,993

$	333,113

EXPENDITURES

Engineering/Inspections

940

2,000

2,000

No Change From 2025/2026 Budget

Supervisor Fees

0

0

0

No Change From 2025/2026 Budget

Management

31,824

32,736

33,612

CPI Adjustment

Legal

1,856

2,000

2,000

No Change From 2025/2026 Budget

Assessment Roll

5,000

5,000

5,000

No Change From 2025/2026 Budget

Audit Fees

3,900

4,000

4,100

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,250

8,000

Fiscal Year 2024/2025 Insurance Was $7,269

Legal Advertisements

823

650

850

$200 Increase From 2025/2026 Budget

Miscellaneous

1,272

850

950

$100 Increase From 2025/2026 Budget

Postage

395

200

200

No Change From 2025/2026 Budget

Office Supplies

579

325

325

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

2,500

2,500

2,500

No Change From 2025/2026 Budget

Continuing Disclosure Fee

300

300

300

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Contingency

14,200

350

350

FY 24/25 Expenditure Was For Evaluation Digs

Landscape Maintenance

12,000

12,000

12,000

Landscape Maintenance

Additional Landscape Maintenance

6,781

13,000

13,000

Mulch, Tree Trimming, Replacements

Lake Maintenance

2,121

2,000

2,000

Lake Maintenance

Maintenance Reserve

0

7,484

5,578

Maintenance Reserve

TOTAL EXPENDITURES

$	93,524

$	94,820

$	94,940

REVENUES LESS EXPENDITURES

$	244,942

$	238,173

$	238,173

Bond Payments

(213,930)

(211,611)

(211,611)

2027 P & I Payments

BALANCE

$	31,012

$	26,562

$	26,562

County Appraiser & Tax Collector Fees

(11,206)

(13,281)

(13,281)

Four Percent Of Total Assessment Roll

Discounts For Early Payments

(12,108)

(13,281)

(13,281)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	7,698

$	-

$	-

Carryover From Prior Year

0

0

0

Carryover Balance From Prior Year

NET EXCESS/ (SHORTFALL)

$	7,698

$	-

$	-

DETAILED PROPOSED DEBT SERVICE BUDGET
PRINCIPAL ONE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$1,630,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

4,432

1,000

1,000

Projected Interest For 2026/2027

NAV Tax Collection

213,930

211,611

211,611

Maximum Debt Service Collection

Total Revenues

$	218,362

$	212,611

$	212,611

EXPENDITURES

Principal Payments

165,000

150,000

130,000

Principal Payment Due In 2027

Interest Payments

49,363

42,763

38,913

Interest Payments Due In 2027

Bond Redemption

0

19,848

43,698

Estimated Excess Debt Collections

Total Expenditures

$	214,363

$	212,611

$	212,611

Excess/ (Shortfall)

$	3,999

$	-

$	-

Principal One Community Development District Assessment Comparison

Fiscal Year 2022/2023
  Assessment* 

Fiscal Year 2023/2024
  Assessment* 

Fiscal Year 2024/2025
  Assessment* 

Fiscal Year 2025/2026
  Assessment* 

Fiscal Year 2026/2027
 Projected Assessment* 

O & M Debt
Total

$

131.30

$

231.87

$

231.87

$

231.87

$

231.87

 $	523.95

$	523.95

$	523.95

$	523.95

 $	523.95

$

655.25

$

755.82

$

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