Black Creek 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 (SERIES 2020)

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2022)

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2024)

ASSESSMENT COMPARISON

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

REVENUES	FISCAL YEAR 2025/2026
BUDGET	
Administrative Assessments	147,915	
Maintenance Assessments	370,468	
Debt Assessments (2020)	263,617	
Debt Assessments (2022)	1,298,238	
Debt Assessments (2024)	66,689	
Other Revenue	0	
Interest Income	1,200	
TOTAL REVENUES	$	2,148,127	
		
EXPENDITURES		
Maintenance Expenditures		
Annual Engineer's Report & Inspections	3,000	
Field Operations Management	1,500	
Street/Roadway Maintenance/Signage	3,000	
Miscellaneous Maintenance	10,000	
Wall Feature Maintenance/Upkeep	4,000	
Landscape Maintenance	80,000	
Storm Drainage/Class V Permit	15,000	
Maintenance Contingency	231,740	
TOTAL MAINTENANCE EXPENDITURES	$	348,240	
		
Administrative Expenditures		
Supervisor Fees	0	
Management	30,132	
Legal	15,000	
Assessment Roll	6,000	
Audit Fees	7,000	
Arbitrage Rebate Fee	650	
Insurance	7,500	
Legal Advertisements	10,000	
Miscellaneous	1,000	
Postage	525	
Office Supplies	525	
Dues & Subscriptions	175	
Trustee Fees	12,750	
Continuing Disclosure Fee	2,000	
Website Management	2,000	
Administrative Contingency	44,983	
TOTAL ADMINISTRATIVE EXPENDITURES	$	140,240	
		
TOTAL EXPENDITURES	$	488,480	
		
REVENUES LESS EXPENDITURES	$	1,659,647	
		
Bond Payments (2020)	(247,800)	
Bond Payments (2022)	(1,220,344)	
Bond Payments (2024)	(62,687)	
		
BALANCE	$	128,816	
		
County Appraiser & Tax Collector Fee	(42,939)	
Discounts For Early Payments	(85,877)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
BLACK CREEK 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	145,609	147,915	147,915	Expenditures Less Interest /.94	
Maintenance Assessments	354,793	370,468	370,468	Expenditures/.94	
Debt Assessments (2020)	263,618	263,617	263,617	Bond Payments/.94	
Debt Assessments (2022)	1,298,245	1,298,238	1,298,238	Bond Payments/.94	
Debt Assessments (2024)	0	66,699	66,689	Bond Payments/.94	
Other Revenue	0	0	0		
Interest Income	25,659	240	1,200	Projected At $100 Per Month	
TOTAL REVENUES	$	2,087,924	$	2,147,177	$	2,148,127		
					
EXPENDITURES					
Maintenance Expenditures					
Annual Engineer's Report & Inspections	2,000	3,000	3,000	No Change From 2024/2025 Budget	
Field Operations Management	1,500	1,500	1,500	Field Operations Management	
Street/Roadway Maintenance/Signage	0	3,000	3,000	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	0	3,000	10,000	$7,000 Increase From 2024/2025 Budget	
Wall Feature Maintenance/Upkeep	0	4,000	4,000	No Change From 2024/2025 Budget	
Landscape Maintenance	21,024	60,000	80,000	$20,000 Increase From 2024/2025 Budget	
Storm Drainage/Class V Permit	0	0	15,000	New Requirement In Miami-Dade County	
Maintenance Contingency	0	273,740	231,740	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	24,524	$	348,240	$	348,240		
					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	28,440	29,292	30,132	CPI Adjustment	
Legal	23,909	12,000	15,000	$3,000 Increase From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	Assessment Roll	
Audit Fees	5,600	6,700	7,000	Has Increased Due To Third Bond Issue	
Arbitrage Rebate Fee	650	650	650	Arbitrage Rebate Fee	
Insurance	6,594	7,300	7,500	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	30,869	3,000	10,000	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	501	1,000	1,000	No Change From 2024/2025 Budget	
Postage	810	525	525	No Change From 2024/2025 Budget	
Office Supplies	1,105	525	525	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	8,277	12,750	12,750	Has Increased Due To Third Bond Issue	
Continuing Disclosure Fee	1,000	2,000	2,000	Has Increased Due To Third Bond Issue	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Administrative Contingency	0	55,363	44,983	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	115,930	$	139,280	$	140,240		
					
TOTAL EXPENDITURES	$	140,454	$	487,520	$	488,480		
					
REVENUES LESS EXPENDITURES	$	1,947,470	$	1,659,657	$	1,659,647		
					
Bond Payments (2020)	(250,801)	(247,800)	(247,800)	2026 P & I Payments	
Bond Payments (2022)	(1,235,137)	(1,220,344)	(1,220,344)	2025 P & I Payments	
Bond Payments (2024)	0	(62,697)	(62,687)	2025 P & I Payments	
					
BALANCE	$	461,532	$	128,816	$	128,816		
					
County Appraiser & Tax Collector Fee	(19,792)	(42,939)	(42,939)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(80,279)	(85,877)	(85,877)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	361,461	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND (SERIES 2020) BUDGET
BLACK CREEK 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	
14,380	
400	
1,000	
Projected Interest For FY 2025/2026	

NAV Tax Collection	
250,801	
247,800	
247,800	
Maximum Debt Service Collection	

Total Revenues	
$	265,181	
$	248,200	
$	248,800		

EXPENDITURES					

Principal Payments	
90,000	
95,000	
100,000	
Principal Payment Due In 2026	

Interest Payments	
154,975	
150,850	
147,800	
Interest Payments Due In 2026	

Transfer To Construction Fund	
6,541	
0	
0		

Bond Redemption	
0	
2,350	
1,000	
Estimated Excess Debt Collections	

Total Expenditures	
$	251,516	
$	248,200	
$	248,800		

Excess/ (Shortfall)	
$	13,665	
$	-	
$	-		

Series 2020 Bond Information

Original Par Amount =	$4,365,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	3.00% - 4.00%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	January 2020			
Maturity Date =

Par Amount As Of 1/1/25 =	June 2050

$4,015,000			

DETAILED FINAL DEBT SERVICE FUND (SERIES 2022) BUDGET
BLACK CREEK 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	
69,911	
500	
2,000	
Projected Interest For FY 2025/2026	

Payment By Developer	
0	
0	
0		

NAV Tax Collection	
1,235,137	
1,220,344	
1,220,344	
Maximum Debt Service Collection	

Total Revenues	
$	1,305,048	
$	1,220,844	
$	1,222,344		

EXPENDITURES					

Principal Payments	
260,000	
270,000	
285,000	
Principal Payment Due In 2026	

Interest Payments	
965,889	
946,929	
933,609	
Interest Payments Due In 2026	

Transfer To Construction Fund	
32,213	
0	
0		

Bond Redemption	
0	
3,915	
3,735	
Estimated Excess Debt Collections	

Total Expenditures	
$	1,258,102	
$	1,220,844	
$	1,222,344		

Excess/ (Shortfall)	
$	46,946	
$	-	
$	-		

Series 2022 Bond Information

Original Par Amount =	$17,735,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	4.8% - 5.625%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	May 2022			
Maturity Date =

Par Amount As Of 1/1/25 =	June 2052

$17,230,000			

DETAILED FINAL DEBT SERVICE FUND (SERIES 2024) BUDGET
BLACK CREEK 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	
11	
0	
100	
Projected Interest For FY 2025/2026	

Bond Proceeds	
14,845	
0	
0		

NAV Tax Collection	
0	
0	
62,687	
Maximum Debt Service Collection	

Total Revenues	
$	14,856	
$	-	
$	62,787		

EXPENDITURES					

Principal Payments	
0	
0	
15,000	
Principal Payment Due In 2026	

Interest Payments	
0	
0	
47,383	
Interest Payments Due In 2026	

Transfer To Construction Fund	
0	
0	
0		

Bond Redemption	
0	
0	
404	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	62,787		

Excess/ (Shortfall)	
$	14,856	
$	-	
$	-		

Series 2024 Bond Information

Original Par Amount =	$938,000	Annual Principal Payments Due =	May 15th	
Interest Rate =	4.0% - 5.375%	Annual Interest Payments Due =	May 15th & November 15th	
Issue Date =	August 2024			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2054

$938,000			

Black Creek Community Development District Assessment Comparison

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

Original Units		
Administrative Assessment For Townhomes	$	118.05		$	118.05		$	118.05		$	118.05	
Maintenance Assessment For Townhomes	$	295.66		$	295.66		$	295.66		$	295.66	
Debt Assessment For Townhomes	$	1,156.63		$	1,156.63		$	1,156.63		$	1,156.63	
Total	$	1,570.34		$	1,570.34		$	1,570.34		$	1,570.34	
Administrative Assessment For Single Family Homes	$	118.05		$	118.05		$	118.05		$	118.05	
Maintenance Assessments For Single Family Homes	$	295.66		$	295.66		$	295.66		$	295.66	
Debt Assessment For Single Family Homes	$	1,260.83		$	1,260.83		$	1,260.83		$	1,260.83	
Total	$	1,674.54		$	1,674.54		$	1,674.54		$	1,674.54	
Expansion Units											
Administrative Assessment For Villas	$	118.05		$	118.05		$	118.05		$	118.05	
Maintenance Assessment For Villas	$	295.66		$	295.66		$	295.66		$	295.66	
Debt Assessment For Villas	$	1,247.65		$	1,247.65		$	1,247.65		$	1,247.65	
Total	$	1,661.36		$	1,661.36		$	1,661.36		$	1,661.36	
Administrative Assessment For Townhomes	$	118.05		$	118.05		$	118.05		$	118.05	
Maintenance Assessment For Townhomes	$	295.66		$	295.66		$	295.66		$	295.66	
Debt Assessment For Townhomes	$	1,352.89		$	1,352.89		$	1,352.89		$	1,352.89	
Total	$	1,766.60		$	1,766.60		$	1,766.60		$	1,766.60	
Administrative Assessment For Single Family Homes	$	118.05		$	118.05		$	118.05		$	118.05	
Maintenance Assessments For Single Family Homes	$	295.66		$	295.66		$	295.66		$	295.66	
Debt Assessment For Single Family Homes	$	1,458.13		$	1,458.13		$	1,458.13		$	1,458.13	
Total	$	1,871.84		$	1,871.84		$	1,871.84		$	1,871.84	
Second Expansion Units											
Administrative Assessment For Townhomes	$	-		$	-		$	118.05		$	118.05	
Maintenance Assessment For Townhomes	$	-		$	-		$	295.66		$	295.66	
Debt Assessment For Townhomes	$	-		$	-		$	1,169.00		$	1,169.00	
Total	$	-		$	-		$	1,582.71		$	1,582.71	
Administrative Assessment For Single Family Homes	$	-		$	-		$	118.05		$	118.05	
Maintenance Assessments For Single Family Homes	$	-		$	-		$	295.66		$	295.66	
Debt Assessment For Single Family Homes	$	-		$	-		$	1,274.18		$	1,274.18	
Total	$	-		$	-		$	1,687.89		$	1,687.89	

* Assessments Include the Following :		
Notes
Net Per Unit O&M Covenant amount is $390.00		
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee	Gross Per Unit O&M Covenant amount is $414.89		
 Community Information - Original Units:		 
Townhomes	120	Total Units:	 Original Units	
219	
Single Family Units	99	Expansion Units	981	
Total Units	219	Total	1200	
 Community Information - Expansion Units:		2nd Expansion Area:		
Villas	418	Single Family	45	
Townhomes	420	 	Townhomes		8	
Single Family Units	143
Total Units	981	

Total Units:	53
1253	

VI