Coronado Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

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

REVENUES	FISCAL YEAR 2025/2026
BUDGET	
Administrative Assessments	59,350	
Maintenance Assessments	139,579	
Debt Assessments	252,625	
Master Association Contributions	95,000	
Other Revenues	0	
Interest	1,200	
TOTAL REVENUES	$	547,754	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Security Services	190,000	
Aquatic Maintenance/Midgefly Control	3,000	
Fountain Maintenance/Power - FPL	3,000	
Storm Drainage Maintenance	5,000	
Engineering	2,000	
Roadway/Street Maintenance	7,000	
Soft Gates & Security Cameras Maintenance	10,000	
Storm Drainage/Class V Permit	3,500	
Miscellaneous Maintenance	4,100	
TOTAL MAINTENANCE EXPENDITURES	$	227,600	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	6,000	
Payroll Taxes	459	
Management	41,124	
Field Operations Management	2,100	
Legal	9,000	
Assessment Roll	3,000	
Audit Fees	3,600	
Insurance	8,100	
Legal Advertisements	4,600	
Miscellaneous	1,600	
Postage	350	
Office Supplies	675	
Dues & Subscriptions	175	
Trustee Fee	3,400	
Continuing Disclosure Fee	350	
Website Management/ADA Compliance	2,000	
Operating Reserve	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	88,033	
		
TOTAL EXPENDITURES	$	315,633	
		
REVENUES LESS EXPENDITURES	$	232,121	
		
Bond Payments	(239,994)	
		
BALANCE	$	(7,873)	
		
County Appraiser & Tax Collector Fee	(4,515)	
Discounts For Early Payments	(18,062)	
		
EXCESS/ (SHORTFALL)	$	(30,450)	
		
Carryover From Prior Year	30,450	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

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

REVENUES	FISCAL YEAR 2023/2024
ACTUAL	FISCAL YEAR 2024/2025
BUDGET	FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
Administrative Assessments	82,867	71,933	59,350	Expenditures Less Interest & Carryover/.95	
Maintenance Assessments	117,579	127,053	139,579	Expenditures Less Contributions/.95	
Debt Assessments	252,625	252,625	252,625	Bond Payments/.95	
Master Association Contributions	88,400	92,500	95,000	Master Association Contributions - 50% Of Security	
Other Revenues	0	0	0		
Interest	21,434	720	1,200	Projected At $100 Per Month	
TOTAL REVENUES	$	562,905	$	544,831	$	547,754		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Security Services	183,920	185,000	190,000	FY 24/25 Expenditure Through Jan 2025 Was $69,616	
Aquatic Maintenance/Midgefly Control	4,380	3,000	3,000	No Change From 2024/2025 Budget	
Fountain Maintenance/Power - FPL	0	2,000	3,000	$1,000 Increase From 2024/2025 Budget	
Storm Drainage Maintenance	5,124	3,000	5,000	$2,000 Increase From 2024/2025 Budget	
Engineering	1,155	2,000	2,000	No Change From 2024/2025 Budget	
Roadway/Street Maintenance	1,700	5,400	7,000	$1,600 Increase From 2024/2025 Budget	
Soft Gates & Security Cameras Maintenance	10,026	8,700	10,000	$1,300 Increase From 2024/2025 Budget	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Miscellaneous Maintenance	14,855	4,100	4,100	No Change From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	221,160	$	213,200	$	227,600		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	1,400	6,000	6,000	Supervisor Fees	
Payroll Taxes	107	459	459	Supervisor Fees * 7.65%	
Management	38,808	39,972	41,124	CPI Adjustment	
Field Operations Management	2,100	2,100	2,100	No Change From 2024/2025 Budget	
Legal	2,502	9,000	9,000	No Change From 2024/2025 Budget	
Assessment Roll	3,000	3,000	3,000	As Per Contract	
Audit Fees	3,800	3,900	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	7,195	7,700	8,100	FY 24/25 Expenditure Was $7,672	
Legal Advertisements	4,514	2,200	4,600	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	1,180	1,800	1,600	$200 Decrease From 2024/2025 Budget	
Postage	123	375	350	$25 Decrease From 2024/2025 Budget	
Office Supplies	361	675	675	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,165	3,500	3,400	$100 Decrease From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management/ADA Compliance	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Operating Reserve	0	1,500	1,500	Operating Reserve	
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,780	$	84,706	$	88,033		
					
TOTAL EXPENDITURES	$	291,940	$	297,906	$	315,633		
					
REVENUES LESS EXPENDITURES	$	270,965	$	246,925	$	232,121		
					
Bond Payments	(241,470)	(239,994)	(239,994)	2026 P & I Payments Less Interest	
					
BALANCE	$	29,495	$	6,931	$	(7,873)		
					
County Appraiser & Tax Collector Fee	(4,368)	(4,516)	(4,515)	One Percent Of Total Assessment Roll	
Discounts For Early Payments	(15,584)	(18,065)	(18,062)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	9,543	$	(15,650)	$	(30,450)		
					
Carryover From Prior Year	0	15,650	30,450	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	9,543	$	-	$	-		

II

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

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
12,551	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
241,470	
239,994	
239,994	
Maximum Debt Service Collection	

Total Revenues	
$	254,021	
$	240,394	
$	240,994		

EXPENDITURES					

Principal Payments	
133,000	
138,000	
143,000	
Principal Payments Due In 2026	

Interest Payments	
108,284	
101,546	
96,539	
Interest Payments Due In 2026	

Bond Redemption	
0	
848	
1,455	
Estimated Excess Debt Collections	

Total Expenditures	
$	241,284	
$	240,394	
$	240,994		

Excess/ (Shortfall)	
$	12,737	
$	-	
$	-		

Series 2017 Bond Refunding Information

Original Par Amount =	$3,399,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.125% - 4.25%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2017			
Maturity Date =

Par Amount As Of 1/1/2025 =	May 2038

$2,539,000			

III

Coronado Community Development District Assessment Comparison

Fiscal Year 2022/2023
	Assessment*		Fiscal Year 2023/2024
	Assessment*		Fiscal Year 2024/2025
	Assessment*		Fiscal Year 2025/2026
	Projected Assessment*		

Administrative	
$	
257.22	
$	
249.12	
$	
219.98	
$	
181.51	
Maintenance	$	351.53	$	359.57	$	388.55	$	426.85	
Debt	$	772.56	$	772.56	$	772.56	$	772.56	
Total	$	1,381.31	$	1,381.25	$	1,381.09	$	1,380.92	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector/Property Appraiser Fee
 Community Information:	       Total Units327

IV