Forest Oaks 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 BUDGET

III	ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O&M Assessments	145,236	
Developer Contribution	0	
Debt Assessments	243,600	
Interest Income	240	
		
TOTAL REVENUES	$	389,076	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	30,000	
Legal	30,000	
Engineering / Inspections	3,500	
Assessment Roll	5,000	
Audit Fees	4,000	
Arbitrage Rebate Fee	0	
Insurance	6,000	
Legal Advertisements	10,000	
Miscellaneous	2,087	
Postage	300	
Office Supplies	1,500	
Dues & Subscriptions	175	
Trustee Fees	4,200	
Continuing Disclosure Fee	1,000	
		
Total Administrative Expenditures	$	97,762	
		
Maintenance Expenditures		
Lake Maintenance	$	12,000	
Littoral Maintenance	$	9,000	
Dry Area Maintenance	$	9,000	
Lift Station Maintenance	$	9,000	
		
Total Maintnenance Expenditures	$	39,000	
		
TOTAL EXPENDITURES	$	136,762	
		
REVENUES LESS EXPENDITURES	$	252,314	
		
Bond Payments	(228,984)	
		
BALANCE	$	23,330	
		
County Appraiser & Tax Collector Fee	(7,777)	
Discounts For Early Payments	(15,553)	
		
EXCESS/ (SHORTFALL)	$	0	

DETAILED FINAL BUDGET
FOREST OAKS 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	
O&M Assessments	0	0	145,236	Expenditures Less Interest & Carryover/.94	
Developer Contribution	0	145,239	0		
Debt Assessments	0	0	243,600	Bond Payments/.94	
Interest Income	0	1	240	Interest Estimated At $20 Per Month	
TOTAL REVENUES	$	-	$	145,240	$	389,076		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	0	36,000	30,000	As Per Contract - 12 X 2,500 = 30,000	
Legal	0	30,000	30,000	No Change From 2024/2025 Budget	
Engineering / Inspections	0	3,500	3,500	No Change From 2024/2025 Budget	
Assessment Roll	0	7,500	5,000	As Per Contract	
Audit Fees	0	4,000	4,000	No Change From 2024/2025 Budget	
Arbitrage Rebate Fee	0	650	0	District Qualifies For Small User Exception	
Insurance	0	6,000	6,000	Insurance Estimate	
Legal Advertisements	0	15,000	10,000	$5,000 Decrease From 2024/2025 Budget	
Miscellaneous	0	1,500	2,087	$587 Increase From 2024/2025 Budget	
Postage	0	300	300	No Change From 2024/2025 Budget	
Office Supplies	0	1,500	1,500	No Change From 2024/2025 Budget	
Dues & Subscriptions	0	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	0	4,200	4,200	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2024/2025 Budget	
					
Total Administrative Expenditures	$	-	$	111,325	$	97,762		
					
Maintenance Expenditures					
Lake Maintenance	$	-	$	7,800	$	12,000		
Littoral Maintenance		$	5,400	$	9,000		
Dry Area Maintenance		$	6,000	$	9,000		
Lift Station Maintenance		$	6,000	$	9,000		
					
Total Maintnenance Expenditures	$	-	$	25,200	$	39,000		
					
TOTAL EXPENDITURES	$	-	$	136,525	$	136,762		
					
REVENUES LESS EXPENDITURES	$	-	$	8,715	$	252,314		
					
Bond Payments	0	0	(228,984)	Principal & Interest Payments	
					
BALANCE	$	-	$	8,715	$	23,330		
					
County Appraiser & Tax Collector Fee	0	(2,905)	(7,777)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	(5,810)	(15,553)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	-	$	-	$	0		

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2025)
FOREST OAKS 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	

0	

0	

0	

Projected Interest For 2025/2026	

Developer Contribution	

0	

0	

228,984		

NAV Tax Collection	

0	

0	

0		

Total Revenues	

$	-	

$	-	

$	228,984		

EXPENDITURES					

Principal Payments	

0	

0	

45,000	

Principal Payment Due In 2026	

Interest Payments	

0	

0	

182,209	

Interest Payments Due In 2026	

Bond Redemption	

0	

0	

1,775	

Estimated Excess Debt Collections	

Total Expenditures	

$	-	

$	-	

$	228,984		

Excess/ (Shortfall)	

$	-	

$	-	

$	-		

Note: Capitalized Interest Set-Up Through November 2025.

Series 2025 Bond Information

Original Par Amount =	$3,200,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.65% - 6.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	5-13-25			
Maturity Date =	5-1-55			
Par Amount As Of 5/13/25 =	$3,200,000			

FOREST OAKS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

	Fiscal Year	Fiscal Year	Fiscal Year	
	2023/2024	2024/2025	2025/2026	
		Assessment*	 	Assessment*		 Projected Assessment* 	
O & M For Single Family 45'	$	-	$	390.42	$	390.42	
Debt For Single Family 45'	$	-	$	-	$	800.00	
Total For Single Family		
$	-	$	390.42	
$	1,190.42	
O & M For Townhomes 24'	$	-	$	390.42	$	390.42	
Debt For Townhomes 24'	$	-	$	-	$	700.00	
Total For Single Family		
$	-	$	390.42	
$	1,090.42	
O & M For Townhomes 18'-20'	$	-	$	390.42	$	390.42	
Debt For Townhomes 18'-20'	$	-	$	-	$	600.00	
Total For Single Family		
$	-	$	390.42	
$	990.42	
O & M For Workforce Housing	$	-	$	390.42	$	390.42	
Debt For Workforce Housing	N/A	N/A	N/A	
Total For Single Family		
$	-	$	390.42	
$	390.42	

* Assessments Include the Following:	Community Information		
4% Discount for Early Payments	Single Family 45'	94	94	
1% County Tax Collector Fee	Townhomes 24'	82	82	
1% County Property Appraiser Fee	Townhomes 18'-20'	185	185	
		Workforce Housing			11			11		
	Total	372	372