Black Creek 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 (2020)

III

AMENDED FINAL DEBT SERVICE FUND BUDGET (2022)

IV

AMENDED FINAL DEBT SERVICE FUND BUDGET (2024)

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

I

$817,817

$261,518

$1,079,335

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

147,915

151,293

151,293

Maintenance Assessments

370,468

370,045

370,045

Debt Assessments (2020)

263,617

263,332

263,332

Debt Assessments (2022)

1,298,238

1,296,820

1,296,820

Debt Assessments (2024)

66,699

66,610

66,610

Interest Income

240

15,000

14,706

TOTAL REVENUES

$	2,147,177

$	2,163,100

$	2,162,806

EXPENDITURES

MAINTENANCE EXPENDITURES

Annual Engineer's Report & Inspections

3,000

3,000

2,800

Field Operations Management

1,500

1,500

1,500

Street/Roadway Maintenance/Signage

3,000

500

0

Miscellaneous Maintenance (Lawn Service)

3,000

500

0

Wall Feature Maintenance/Upkeep

4,000

500

0

Landscape Maintenance

60,000

60,000

58,533

Maintenance Contingency

273,740

75,000

0

TOTAL MAINTENANCE EXPENDITURES

$	348,240

$	141,000

$	62,833

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

0

0

0

Management

29,292

29,292

29,292

Legal

12,000

15,000

13,949

Assessment Roll

6,000

6,000

6,000

Audit Fees

6,700

6,700

6,700

Arbitrage Rebate Fee

650

650

650

Insurance

7,300

6,858

6,858

Legal Advertisements

3,000

2,700

1,727

Miscellaneous

1,000

500

328

Postage

525

180

169

Office Supplies

525

225

180

Dues & Subscriptions

175

175

175

Trustee Fees

12,750

12,524

12,524

Continuing Disclosure Fee

2,000

1,050

1,050

Website Management

2,000

2,000

2,000

Administrative Contingency

55,363

25,000

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	139,280

$	108,854

$	81,602

TOTAL EXPENDITURES

$	487,520

$	249,854

$	144,435

REVENUES LESS EXPENDITURES

$	1,659,657

$	1,913,246

$	2,018,371

Bond Payments (2020)

(247,800)

(250,641)

(250,641)

Bond Payments (2022)

(1,220,344)

(1,234,322)

(1,234,322)

Bond Payments (2024)

(62,697)

(63,401)

(63,401)

BALANCE

$	128,816

$	364,882

$	470,007

Property Appraiser & Tax Collector Fee

(42,939)

(20,628)

(20,628)

Discounts For Early Payments

(85,877)

(82,736)

(82,736)

EXCESS/ (SHORTFALL)

$	-

$	261,518

$	366,643

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	261,518

$	366,643

AMENDED FINAL BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2020
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $123,900*. Revenue Fund Balance = $120,678* Revenue Fund To Be Used To Fund 12/15/25 Interest Payment Of $74,713.
* Approximate Amounts

Series 2020 Bond Information

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

$4,365,000 3.00% - 4.00%
January 2020
June 2050

Annual Principal Payments Due: June 15th
Annual Interest Payments Due:
June 15th & December 15th

Par Amount As Of 9/30/25 =

$3,920,000

II

$234,822

$9,756

$244,578

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

11,880

11,380

NAV Assessment Collection

247,800

250,641

250,641

Total Revenues

$	248,200

$	262,521

$	262,021

EXPENDITURES

Principal Payments

95,000

95,000

95,000

Interest Payments

150,850

152,275

152,275

Bond Redemption

2,350

0

0

Transfer To Construction Fund

0

5,490

4,990

Total Expenditures

$	248,200

$	252,765

$	252,265

Excess/ (Shortfall)

$	-

$	9,756

$	9,756

AMENDED FINAL BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2022
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $610,172*. Revenue Fund Balance = $605,128* Revenue Fund To Be Used To Fund 12/15/25 Interest Payment Of $470,224.
* Approximate Amounts

Series 2022 Bond Information

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

$17,735,000 4.8% - 5.625%
May 2022
June 2052

Annual Principal Payments Due: June 15th
Annual Interest Payments Due:
June 15th & December 15th

Par Amount As Of 9/30/25 =

$16,960,000

III

10/3/2025 12:36 PM

$1,174,420

$38,880

$1,213,300

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

500

55,000

54,542

NAV Assessment Collection

1,220,344

1,234,322

1,234,322

Payment By Developer

0

0

0

Total Revenues

$	1,220,844

$	1,289,322

$	1,288,864

EXPENDITURES

Principal Payments

270,000

270,000

270,000

Interest Payments

946,929

953,409

953,409

Bond Redemption

3,915

0

0

Transfer To Construction Fund

0

27,033

24,575

Total Expenditures

$	1,220,844

$	1,250,442

$	1,247,984

Excess/ (Shortfall)

$	-

$	38,880

$	40,881

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

Notes
Reserve Fund Balance = $6,531*. Revenue Account Balance = $26,293*. Revenue Account To Be Used To Make 12/15/2025 Interest Payment Of $23,841. Capitalized Interest Was Set-Up Through November 2024.
* Approximate Amounts

Series 2024 Bond Information

Original Par Amount =

$938,000

Annual Principal Payments Due:

Interest Rate =

4.00% - 5.375%

May 1st

Issue Date =

August 2024

Annual Interest Payments Due:

Maturity Date =

May 2054

May 1st & November 1st

Par Amount As Of 9/30/25 =

$924,000

IV

10/3/2025 12:36 PM

$14,856

$17,978

$32,834

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

100

1,275

1,251

NAV Assessment Collection

62,702

63,401

63,401

Total Revenues

$	62,802

$	64,676

$	64,652

EXPENDITURES

Principal Payments

14,000

14,000

14,000

Interest Payments

47,963

32,698

32,698

Bond Redemption

839

0

0

Total Expenditures

$	62,802

$	46,698

$	46,698

Excess/ (Shortfall)

$	-

$	17,978

$	17,954