Meadow Pines Community Development District

Final Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

FINAL BUDGET
MEADOW PINES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O&M Assessments

95,963

Debt Assessments

690,183

Other Revenue

200

Interest Income

1,320

TOTAL REVENUES

$	787,666

EXPENDITURES

Supervisor Fees

2,400

Payroll Taxes

200

Engineering

3,000

Management

16,620

Legal

8,500

Assessment Roll

6,000

Audit Fees

3,400

Arbitrage Rebate Fee

600

Insurance

8,000

Legal Advertisements

1,400

Miscellaneous

550

Postage

150

Office Supplies

250

Dues & Subscriptions

175

Trustee Fees

7,450

Continuing Disclosure Fee

1,000

Website Management

2,000

Stormwater Management

19,000

Perimeter Fence Repairs

7,230

Miscellaneous Maintenance

2,500

Reserve

1,300

TOTAL EXPENDITURES

$	91,725

REVENUES LESS EXPENDITURES

$	695,941

Bond Payments

(648,772)

BALANCE

$	47,169

County Appraiser & Tax Collector Fee

(15,723)

Discounts For Early Payments

(31,446)

EXCESS/ (SHORTFALL)

$	-

Carryover From Prior Year

0

NET EXCESS / (SHORTFALL)

$	-

DETAILED FINAL BUDGET
MEADOW PINES 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

97,988

96,110

95,963

Expenditures Less Interest, Other Revenues & Carryover/.94

Debt Assessments

693,577

690,183

690,183

Bond Payments/.94

Other Revenue

179

200

200

Pollution Insurance Reimbursement

Interest Income

5,926

1,200

1,320

Projected At $110 Per Month

TOTAL REVENUES

$	797,670

$	787,693

$	787,666

EXPENDITURES

Supervisor Fees

1,800

2,400

2,400

No Change From 2025/2026 Budget

Payroll Taxes

138

200

200

Projected At 8 Percent Of Supervisor Fees

Engineering

0

4,000

3,000

$1,000 Decrease From 2025/2026 Budget

Management

15,732

16,188

16,620

CPI Adjustment

Legal

7,543

8,500

8,500

No Change From 2025/2026 Budget

Assessment Roll

6,000

6,000

6,000

As Per Contract

Audit Fees

3,600

3,700

3,400

Accepted Amount For 2025/2026 Audit

Arbitrage Rebate Fee

600

600

600

No Change From 2025/2026 Budget

Insurance

7,037

7,500

8,000

Fiscal Year 2025/2026 Expenditure Was $7,448

Legal Advertisements

670

1,500

1,400

$100 Decrease From 2025/2026 Budget

Miscellaneous

1,055

550

550

No Change From 2025/2026 Budget

Postage

134

150

150

No Change From 2025/2026 Budget

Office Supplies

172

250

250

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

7,435

7,100

7,450

$350 Increase From 2025/2026 Budget

Continuing Disclosure Fee

1,000

1,000

1,000

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Stormwater Management

16,706

20,000

19,000

$1,000 Decrease From 2025/2026 Budget

Perimeter Fence Repairs

0

7,230

7,230

No Change From 2025/2026 Budget

Miscellaneous Maintenance

549

1,500

2,500

Drainage Structures & Catch Basin Maintenance

Reserve

0

1,200

1,300

Reserve

TOTAL EXPENDITURES

$	72,346

$	91,743

$	91,725

REVENUES LESS EXPENDITURES

$	725,324

$	695,950

$	695,941

Bond Payments

(653,311)

(648,772)

(648,772)

2027 P & I Payments Less Earned Interest

BALANCE

$	72,013

$	47,178

$	47,169

County Appraiser & Tax Collector Fee

(8,782)

(15,726)

(15,723)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(29,090)

(31,452)

(31,446)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	34,141

$	-

$	-

Carryover From Prior Year

0

0

0

Carryover From Prior Year

NET EXCESS / (SHORTFALL)

$	34,141

$	-

$	-

DETAILED FINAL DEBT SERVICE BUDGET
MEADOW PINES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2014A-1 Bond Refunding Information

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

$7,125,000 1.05% - 4.625%
May 2014
May 2034

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$3,890,000

Series 2014A-2 Bond Refunding Information

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

$1,385,000 5.75% - 6.00%
May 2014
May 2034

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$820,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

28,851

2,000

3,000

Projected Interest For 2026/2027

NAV Tax Collection

653,311

648,772

648,772

Maximum Debt Service Collection

Prepaid Bond Collection

0

0

0

Prepaid Bond Collection

Total Revenues

$	682,162

$	650,772

$	651,772

EXPENDITURES

Principal Payments (2014A-1)

345,000

360,000

375,000

Principal Payment Due In 2027

Principal Payments (2014A-2)

65,000

70,000

75,000

Principal Payment Due In 2027

Bond Redemption

0

5,208

6,912

Estimated Excess Debt Collections

Interest Payments (2014A-1)

190,274

168,464

152,110

Interest Payments Due In 2027

Interest Payments (2014A-2)

52,938

47,100

42,750

Interest Payments Due In 2027

TOTAL EXPENDITURES

$	653,212

$	650,772

$	651,772

EXCESS/ (SHORTFALL)

$	28,950

$	-

$	-

Meadow Pines Community Development District Assessment Comparison

Fiscal Year 2022/2023
Assessment

Fiscal Year 2023/2024
Assessment

Fiscal Year 2024/2025
Assessment
	Before Discount*	

Fiscal Year 2025/2026
Assessment
	Before Discount*	

Fiscal Year 2026/2027
Projected Assessment
	Before Discount*	

	Before Discount*	Before Discount*	

$

124.49

$

124.49

$

124.24

$

124.18

$

123.99

O&M Assessment For Phase 1
Debt Assessment For Phase 1

 $	834.02

$	834.02

 $	834.02

 $	834.02

 $	834.02

$

958.51

$

958.51

$

958.26

$

958.20

$

958.01

Total For Phase 1

$

124.49

$

124.49

$

124.24

$

124.18

$

123.99

O&M Assessment For Phase 2
Debt Assessment For Phase 2

 $	964.50

$	964.50

 $	964.50

 $	964.50

 $	964.50

$

1,088.99

$

1,088.99

$

1,088.74

$

1,088.68

$

1,088.49

Total For Phase 2

* Assessments Include the Following:

Phase 1 Information

4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

Total Units
Prepayments Billed For Debt

418
1
417

Community Information:

Phase 2 Information

Phase One Phase Two Total Units

418
356
774

Total Units Prepayments Billed For Debt

356
1
355

IV