Forest Oaks 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 - SERIES 2025

AMENDED FINAL BUDGET
FOREST OAKS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

9/16/2025 12:17 PM

$0

$5,759

$5,759

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 - 8/31/25

O&M ASSESSMENTS

0

0

0

DEVELOPER CONTRIBUTION

145,239

100,000

83,494

DEBT ASSESSMENTS

0

0

0

OTHER REVENUE

0

0

0

INTEREST INCOME

1

220

208

TOTAL REVENUES

$	145,240

$	100,220

$	83,702

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

0

0

0

MANAGEMENT

36,000

27,500

25,000

LEGAL

30,000

33,000

24,553

ASSESSMENT ROLL

7,500

5,000

0

AUDIT FEES

4,000

0

0

ARBITRAGE REBATE FEE

650

0

0

INSURANCE

6,000

2,986

2,986

LEGAL ADVERTISING

15,000

20,000

16,754

MISCELLANEOUS

1,500

500

212

POSTAGE

300

50

43

OFFICE SUPPLIES

1,500

1,600

1,591

DUES & SUBSCRIPTIONS

175

325

325

TRUSTEE FEES

4,200

0

0

CONTINUING DISCLOSURE FEE

1,000

0

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	107,825

$	90,961

$	71,464

MAINTENANCE EXPENDITURES

ENGINEERING/INSPECTIONS

3,500

1,500

0

LAKE MAINTENANCE

7,800

500

0

LITTORAL MAINTENANCE

5,400

500

0

DRY AREA MAINTENANCE

6,000

500

0

LIFT STATION MAINTENANCE

6,000

500

0

TOTAL MAINTENANCE EXPENDITURES

$	28,700

$	3,500

$	-

TOTAL EXPENDITURES

$	136,525

$	94,461

$	71,464

REVENUES LESS EXPENDITURES

$	8,715

$	5,759

$	12,238

BOND PAYMENTS

0

0

0

BALANCE

$	8,715

$	5,759

$	12,238

COUNTY APPRAISER & TAX COLLECTOR FEE

(2,905)

0

0

DISCOUNTS FOR EARLY PAYMENTS

(5,810)

0

0

EXCESS/ (SHORTFALL)

$	-

$	5,759

$	12,238

CARRYOVER FROM PRIOR YEAR

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	5,759

$	12,238

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

Notes
Reserve Fund Balance = $115,443*. Interest Account Balance = $86,351*. Interest Account To Be Used To Make 11/1/2025 Interest Payment Of $85,519. Capitalized Interest Was Set-Up Through November 2025.
Capital Projects Bond Proceeds = $3,000,106. Total Bond Proceeds = $4,200,000. FY 2024/2025 Cost Of Issuance = $280,325.
Fiscal Year 2024/2025 Capital Outlay = $2,720,842*.
* Approximate Amounts

Series 2025 Bond Information

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

$3,200,000 4.65% - 6.00%
May 2025
May 2055

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

Par Amount As Of 9/30/2025 =

$3,200,000

II

$0

$201,794

$201,794

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2023/2024 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/23 - 8/31/25

Interest Income

0

1,900

1,866

Bond Proceeds (Debt Service)

0

199,894

199,894

NAV Assessment Collection

0

0

0

Total Revenues

$	-

$	201,794

$	201,760

EXPENDITURES

Principal Payments

0

0

0

Interest Payments

0

0

0

Bond Redemption

0

0

0

Total Expenditures

$	-

$	-

$	-

Excess/ (Shortfall)

$	-

$	201,794

$	201,760