Coronado 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
CORONADO COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Funds Totaling $15,650 used to reduce Fiscal Year 2024/2025 Assessments. Reserve Funds Totaling $30,450 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

11/9/2025 9:54 AM

$374,185

($69,139)

$305,046

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

Administrative Assessments

71,933

73,934

73,934

Maintenance Assessments

127,053

127,056

127,056

Debt Assessments

252,625

252,627

252,627

Master Association Contributions

92,500

107,000

106,187

Other Revenue

0

0

0

Interest Income

720

14,600

14,374

TOTAL REVENUES

$	544,831

$	575,217

$	574,178

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

6,000

3,000

3,000

Payroll Taxes

459

310

310

Management

39,972

39,972

39,972

Field Operations Management

2,100

2,100

2,100

Legal

9,000

5,000

2,781

Assessment Roll

3,000

3,000

3,000

Audit Fees

3,900

3,500

3,500

Insurance

7,700

7,672

7,672

Legal Advertisements

2,200

5,700

4,676

Miscellaneous

1,800

1,800

1,631

Postage

375

150

127

Office Supplies

675

350

314

Dues & Subscriptions

175

175

175

Trustee Fee

3,500

3,640

3,640

Continuing Disclosure Fee

350

350

350

Website Management

2,000

2,000

2,000

Operating Reserve

1,500

1,500

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	84,706

$	80,219

$	75,248

MAINTENANCE EXPENDITURES

Security Services

185,000

214,000

205,255

Aquatic Maintenance/Midgefly Control

3,000

3,800

3,661

Fountain Maintenance/Power - FPL

2,000

1,000

0

Storm Drainage Maintenance

3,000

1,500

0

Engineering

2,000

1,445

1,445

Roadway/Street Maintenance

5,400

2,900

200

Soft Gates & Security Cameras Maintenance

8,700

38,300

35,368

Miscellaneous Maintenance (Lighting, Etc.)

4,100

40,000

37,120

TOTAL MAINTENANCE EXPENDITURES

$	213,200

$	302,945

$	283,049

TOTAL EXPENDITURES

$	297,906

$	383,164

$	358,297

REVENUES LESS EXPENDITURES

$	246,925

$	192,053

$	215,881

Bond Payments

(239,994)

(241,770)

(241,770)

BALANCE

$	6,931

$	(49,717)

$	(25,889)

County Appraiser & Tax Collector Fee

(4,516)

(4,378)

(4,378)

Discounts For Early Payments

(18,065)

(15,044)

(15,044)

EXCESS/ (SHORTFALL)

$	(15,650)

$	(69,139)

$	(45,311)

Carryover From Prior Year

15,650

15,650

0

NET EXCESS/ (SHORTFALL)

$	-

$	(53,489)

$	(45,311)

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

Notes
Reserve Fund Balance = $138,714*. Revenue Fund Balance = $91,130*. Prepayment Account = $19,010*.
Revenue Fund Balances To Be Used To Make 11/1/2025 Interest Payment Of $49,566.
Prepayment Fund Balances To Be Used To Make 11/1/2025 Extraordinary Principal Payment Of $15,000.
* Approximate Amounts

Series 2017 Bond Refunding Information

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

$3,399,000 2.125% - 4.25%
April 2017
May 2038

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

Par Amount As Of 9/30/25 =

$2,401,000

II

11/9/2025 9:54 AM

$220,033

$28,821

$248,854

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

400

10,000

9,822

NAV Tax Collection

239,994

241,770

241,770

Transfer from Construction Fund

0

19,011

19,011

Total Revenues

$	240,394

$	270,781

$	270,603

EXPENDITURES

Principal Payments (2017)

138,000

138,000

138,000

Interest Payments (2017)

101,546

103,960

103,961

Bond Redemption

848

0

0

Total Expenditures

$	240,394

$	241,960

$	241,961

Excess/ (Shortfall)

$	-

$	28,821

$	28,641