Coronado 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
CORONADO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

50,355

Maintenance Assessments

148,526

Debt Assessments

252,625

Master Association Contributions

105,000

Other Revenues

0

Interest

1,500

TOTAL REVENUES

$	558,006

EXPENDITURES

MAINTENANCE EXPENDITURES

Security Services

210,000

Aquatic Maintenance/Midgefly Control

3,000

Fountain Maintenance/Power - FPL

2,500

Storm Drainage Maintenance

4,500

Engineering

2,000

Roadway/Street Maintenance

6,500

Soft Gates & Security Cameras Maintenance

10,000

Storm Drainage/Class V Permit

3,500

Miscellaneous Maintenance

4,100

TOTAL MAINTENANCE EXPENDITURES

$	246,100

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

6,000

Payroll Taxes

459

Management

42,228

Field Operations Management

2,100

Legal

8,500

Assessment Roll

3,000

Audit Fees

3,700

Insurance

8,500

Legal Advertisements

4,600

Miscellaneous

1,600

Postage

325

Office Supplies

650

Dues & Subscriptions

175

Trustee Fee

3,650

Continuing Disclosure Fee

350

Website Management/ADA Compliance

2,000

Operating Reserve

1,500

TOTAL ADMINISTRATIVE EXPENDITURES

$	89,337

TOTAL EXPENDITURES

$	335,437

REVENUES LESS EXPENDITURES

$	222,569

Bond Payments

(239,994)

BALANCE

$	(17,425)

County Appraiser & Tax Collector Fee

(4,515)

Discounts For Early Payments

(18,060)

EXCESS/ (SHORTFALL)

$	(40,000)

Carryover From Prior Year

40,000

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
CORONADO 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

Administrative Assessments

73,934

59,350

50,355

Expenditures Less Interest & Carryover/.95

Maintenance Assessments

127,056

139,579

148,526

Expenditures Less Contributions/.95

Debt Assessments

252,627

252,625

252,625

Bond Payments/.95

Master Association Contributions

106,187

95,000

105,000

Master Association Contributions - 50% Of Security

Other Revenues

0

0

0

Interest

15,036

1,200

1,500

Projected At $125 Per Month

TOTAL REVENUES

$	574,840

$	547,754

$	558,006

EXPENDITURES

MAINTENANCE EXPENDITURES

Security Services

205,255

190,000

210,000

FY 25/26 Expenditure Through Jan 2026 Was $67,665

Aquatic Maintenance/Midgefly Control

3,661

3,000

3,000

No Change From 2025/2026 Budget

Fountain Maintenance/Power - FPL

0

3,000

2,500

$500 Decrease From 2025/2026 Budget

Storm Drainage Maintenance

0

5,000

4,500

$500 Decrease From 2025/2026 Budget

Engineering

1,445

2,000

2,000

No Change From 2025/2026 Budget

Roadway/Street Maintenance

200

7,000

6,500

$500 Decrease From 2025/2026 Budget

Soft Gates & Security Cameras Maintenance

35,368

10,000

10,000

No Change From 2025/2026 Budget

Storm Drainage/Class V Permit

0

3,500

3,500

No Change From 2025/2026 Budget

Miscellaneous Maintenance

37,120

4,100

4,100

FY 24/25 Expenditure Was For Pole Installation

TOTAL MAINTENANCE EXPENDITURES

$	283,049

$	227,600

$	246,100

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

3,000

6,000

6,000

Supervisor Fees

Payroll Taxes

310

459

459

Supervisor Fees * 7.65%

Management

39,972

41,124

42,228

CPI Adjustment

Field Operations Management

2,100

2,100

2,100

No Change From 2025/2026 Budget

Legal

2,781

9,000

8,500

$500 Decrease From 2025/2026 Budget

Assessment Roll

3,000

3,000

3,000

As Per Contract

Audit Fees

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

Insurance

7,672

8,100

8,500

FY 25/26 Expenditure Was $7,767

Legal Advertisements

4,677

4,600

4,600

No Change From 2025/2026 Budget

Miscellaneous

1,678

1,600

1,600

No Change From 2025/2026 Budget

Postage

80

350

325

$25 Decrease From 2025/2026 Budget

Office Supplies

314

675

650

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

3,640

3,400

3,650

$250 Increase From 2025/2026 Budget

Continuing Disclosure Fee

350

350

350

No Change From 2025/2026 Budget

Website Management/ADA Compliance

2,000

2,000

2,000

No Change From 2025/2026 Budget

Operating Reserve

0

1,500

1,500

Operating Reserve

TOTAL ADMINISTRATIVE EXPENDITURES

$	75,249

$	88,033

$	89,337

TOTAL EXPENDITURES

$	358,298

$	315,633

$	335,437

REVENUES LESS EXPENDITURES

$	216,542

$	232,121

$	222,569

Bond Payments

(241,770)

(239,994)

(239,994)

2027 P & I Payments Less Interest

BALANCE

$	(25,228)

$	(7,873)

$	(17,425)

County Appraiser & Tax Collector Fee

(4,378)

(4,515)

(4,515)

One Percent Of Total Assessment Roll

Discounts For Early Payments

(15,044)

(18,062)

(18,060)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	(44,650)

$	(30,450)

$	(40,000)

Carryover From Prior Year

0

30,450

40,000

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	(44,650)

$	-

$	-

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

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 =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/2026 =

$2,386,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

10,655

1,000

1,250

Projected Interest For 2026/2027

NAV Tax Collection

241,770

239,994

239,994

Maximum Debt Service Collection

Total Revenues

$	252,425

$	240,994

$	241,244

EXPENDITURES

Principal Payments

138,000

143,000

149,000

Principal Payments Due In 2027

Interest Payments

103,961

96,539

90,343

Interest Payments Due In 2027

Bond Redemption

0

1,455

1,901

Estimated Excess Debt Collections

Total Expenditures

$	241,961

$	240,994

$	241,244

Excess/ (Shortfall)

$	10,464

$	-

$	-

Coronado Community Development District Assessment Comparison

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
	Projected Assessment*	

Administrative
Maintenance Debt
Total

$
$

249.12
359.57

$
$

219.98
388.55

$
$

181.51
426.85

$
$

154.00
454.22

$	772.56

 $	772.56

 $	772.56

$	772.56

$

1,381.25

$

1,381.09

$

1,380.92

$

1,380.78

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

 Community Information:	

Total Units

327

IV