Black Creek Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2020)

IV

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2022)

V

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2024)

VI

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2026)

VII

ASSESSMENT COMPARISON

PROPOSED BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

156,532

Maintenance Assessments

392,027

Debt Assessments (2020)

263,617

Debt Assessments (2022)

1,298,238

Debt Assessments (2024)

66,689

Debt Assessments (2026)

98,779

Other Revenue

0

Interest Income

1,500

TOTAL REVENUES

$	2,277,382

EXPENDITURES

Maintenance Expenditures

Annual Engineer's Report & Inspections

10,000

Field Operations Management

6,000

Street/Roadway Maintenance/Signage

3,000

Miscellaneous Maintenance

10,000

Wall Feature Maintenance/Upkeep

4,000

Landscape Maintenance

100,000

Irrigation Maintenance

20,000

Storm Drainage/Class V Permit

15,000

Maintenance Contingency

200,505

TOTAL MAINTENANCE EXPENDITURES

$	368,505

Administrative Expenditures

Supervisor Fees

0

Management

30,936

Legal

17,000

Assessment Roll

6,000

Audit Fees

7,000

Arbitrage Rebate Fee

650

Insurance

8,000

Legal Advertisements

8,000

Miscellaneous

1,000

Postage

525

Office Supplies

525

Dues & Subscriptions

175

Trustee Fees

17,500

Continuing Disclosure Fee

2,000

Website Management

2,000

Dissemination Services

1,000

Administrative Contingency

46,329

TOTAL ADMINISTRATIVE EXPENDITURES

$	148,640

TOTAL EXPENDITURES

$	517,145

REVENUES LESS EXPENDITURES

$	1,760,237

Bond Payments (2020)

(247,800)

Bond Payments (2022)

(1,220,344)

Bond Payments (2024)

(62,687)

Bond Payments (2026)

(92,853)

BALANCE

$	136,553

County Appraiser & Tax Collector Fee

(45,518)

Discounts For Early Payments

(91,035)

EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
BLACK CREEK 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

151,293

147,915

156,532

Expenditures Less Interest /.94

Maintenance Assessments

370,045

370,468

392,027

Expenditures/.94

Debt Assessments (2020)

263,332

263,617

263,617

Bond Payments/.94

Debt Assessments (2022)

1,296,820

1,298,238

1,298,238

Bond Payments/.94

Debt Assessments (2024)

66,610

66,689

66,689

Bond Payments/.94

Debt Assessments (2026)

0

0

98,779

Bond Payments/.94

Other Revenue

0

0

0

Interest Income

17,459

1,200

1,500

Projected At $125 Per Month

TOTAL REVENUES

$	2,165,559

$	2,148,127

$	2,277,382

EXPENDITURES

Maintenance Expenditures

Annual Engineer's Report & Inspections

2,800

3,000

10,000

FY 25/26 Expenditure Through March 26 Was $15,300

Field Operations Management

1,500

1,500

6,000

Field Operations Management

Street/Roadway Maintenance/Signage

0

3,000

3,000

No Change From 2025/2026 Budget

Miscellaneous Maintenance

0

10,000

10,000

No Change From 2025/2026 Budget

Wall Feature Maintenance/Upkeep

0

4,000

4,000

No Change From 2025/2026 Budget

Landscape Maintenance

58,533

80,000

100,000

FY 25/26 Expenditure Through March 26 Was $40,000

Irrigation Maintenance

0

0

20,000

Irrigation Maintenance

Storm Drainage/Class V Permit

0

15,000

15,000

No Change From 2025/2026 Budget

Maintenance Contingency

0

231,740

200,505

Maintenance Contingency

TOTAL MAINTENANCE EXPENDITURES

$	62,833

$	348,240

$	368,505

Administrative Expenditures

Supervisor Fees

0

0

0

Management

29,292

30,132

30,936

CPI Adjustment

Legal

14,935

15,000

17,000

$2,000 Increase From 2025/2026 Budget

Assessment Roll

6,000

6,000

6,000

Assessment Roll

Audit Fees

6,700

7,000

7,000

Has Increased Due To Fourth Bond Issue

Arbitrage Rebate Fee

650

650

650

Arbitrage Rebate Fee

Insurance

6,858

7,500

8,000

Fiscal Year 2025/2026 Expenditure Was $7,269

Legal Advertisements

1,727

10,000

8,000

$2,000 Decrease From 2025/2026 Budget

Miscellaneous

328

1,000

1,000

No Change From 2025/2026 Budget

Postage

169

525

525

No Change From 2025/2026 Budget

Office Supplies

180

525

525

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

12,524

12,750

17,500

Has Increased Due To Fourth Bond Issue

Continuing Disclosure Fee

1,050

2,000

2,000

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Dissemination Services

0

0

1,000

Required By Underwriter

Administrative Contingency

0

44,983

46,329

Administrative Contingency

TOTAL ADMINISTRATIVE EXPENDITURES

$	82,588

$	140,240

$	148,640

TOTAL EXPENDITURES

$	145,421

$	488,480

$	517,145

REVENUES LESS EXPENDITURES

$	2,020,138

$	1,659,647

$	1,760,237

Bond Payments (2020)

(250,641)

(247,800)

(247,800)

2027 P & I Payments

Bond Payments (2022)

(1,234,322)

(1,220,344)

(1,220,344)

2027 P & I Payments

Bond Payments (2024)

(63,401)

(62,687)

(62,687)

2027 P & I Payments

Bond Payments (2026)

0

0

(92,853)

2027 P & I Payments

BALANCE

$	471,774

$	128,816

$	136,553

County Appraiser & Tax Collector Fee

(20,628)

(42,939)

(45,518)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(82,736)

(85,877)

(91,035)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	368,410

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2020) BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 =
Annual Interest Payments Due =

June 15th
June 15th & December 15th

Par Amount As Of 1/1/26 =

$3,920,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

12,260

1,000

1,500

Projected Interest For FY 2026/2027

NAV Tax Collection

250,641

247,800

247,800

Maximum Debt Service Collection

Total Revenues

$	262,901

$	248,800

$	249,300

EXPENDITURES

Principal Payments

95,000

100,000

100,000

Principal Payment Due In 2027

Interest Payments

152,275

147,800

144,550

Interest Payments Due In 2027

Transfer To Construction Fund

5,437

0

0

Bond Redemption

0

1,000

4,750

Estimated Excess Debt Collections

Total Expenditures

$	252,712

$	248,800

$	249,300

Excess/ (Shortfall)

$	10,189

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2022) BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 =
Annual Interest Payments Due =

June 15th
June 15th & December 15th

Par Amount As Of 1/1/26 =

$16,960,000

IV

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

58,913

2,000

3,000

Projected Interest For FY 2026/2027

NAV Tax Collection

1,234,322

1,220,344

1,220,344

Maximum Debt Service Collection

Total Revenues

$	1,293,235

$	1,222,344

$	1,223,344

EXPENDITURES

Principal Payments

270,000

285,000

300,000

Principal Payment Due In 2027

Interest Payments

953,409

933,609

919,569

Interest Payments Due In 2027

Transfer To Construction Fund

26,774

0

0

Bond Redemption

0

3,735

3,775

Estimated Excess Debt Collections

Total Expenditures

$	1,250,183

$	1,222,344

$	1,223,344

Excess/ (Shortfall)

$	43,052

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2024) BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2024 Bond Information

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

$938,000 4.0% - 5.375%
August 2024
May 2054

Annual Principal Payments Due =
Annual Interest Payments Due =

May 15th
May 15th & November 15th

Par Amount As Of 1/1/26 =

$924,000

V

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

1,256

100

100

Projected Interest For FY 2026/2027

Bond Proceeds

0

0

0

NAV Tax Collection

63,401

62,687

62,687

Maximum Debt Service Collection

Total Revenues

$	64,657

$	62,787

$	62,787

EXPENDITURES

Principal Payments

14,000

15,000

15,000

Principal Payment Due In 2027

Interest Payments

32,698

47,383

47,383

Interest Payments Due In 2027

Transfer To Construction Fund

0

0

0

Bond Redemption

0

404

404

Estimated Excess Debt Collections

Total Expenditures

$	46,698

$	62,787

$	62,787

Excess/ (Shortfall)

$	17,959

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2026) BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Note: Capitalized Interest Set-up Through November 2026.

Series 2026 Bond Information

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

$1,384,000 4.0% - 5.5%
August 2024
May 2056

Annual Principal Payments Due =
Annual Interest Payments Due =

May 15th
May 15th & November 15th

Par Amount As Of 4/1/26 =

$1,384,000

VI

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

0

0

500

Projected Interest For FY 2026/2027

Bond Proceeds

0

0

0

NAV Tax Collection

0

0

92,853

Maximum Debt Service Collection

Total Revenues

$	-

$	-

$	93,353

EXPENDITURES

Principal Payments

0

0

21,000

Principal Payment Due In 2027

Interest Payments

0

0

71,286

Interest Payments Due In 2027

Transfer To Construction Fund

0

0

0

Bond Redemption

0

0

1,067

Estimated Excess Debt Collections

Total Expenditures

$	-

$	-

$	93,353

Excess/ (Shortfall)

$	-

$	-

$	-

Black Creek Community Development District Assessment Comparison

Fiscal Year 2023/2024

Fiscal Year 2024/2025

Fiscal Year 2025/2026

Fiscal Year 2026/2027

	Assessment*	 	Assessment*	 	Assessment*	 	Projected Assessment*	

Original Units
Administrative Assessment For Townhomes Maintenance Assessment For Townhomes Debt Assessment For Townhomes
Total

$
$
$

118.05
295.66
1,156.63

$
$
$

118.05
295.66
1,156.63

$
$
$

118.05
295.66
1,156.63

$
$
$

118.05
295.66
1,156.63

$

1,570.34

$

1,570.34

$

1,570.34

$

1,570.34

Administrative Assessment For Single Family Homes Maintenance Assessments For Single Family Homes Debt Assessment For Single Family Homes
Total

$
$
$

118.05
295.66
1,260.83

$
$
$

118.05
295.66
1,260.83

$
$
$

118.05
295.66
1,260.83

$
$
$

118.05
295.66
1,260.83

$

1,674.54

$

1,674.54

$

1,674.54

$

1,674.54

Expansion Units Administrative Assessment For Villas Maintenance Assessment For Villas
Debt Assessment For Villas
Total

$
$
$

118.05
295.66
1,247.65

$
$
$

118.05
295.66
1,247.65

$
$
$

118.05
295.66
1,247.65

$
$
$

118.05
295.66
1,247.65

$

1,661.36

$

1,661.36

$

1,661.36

$

1,661.36

Administrative Assessment For Townhomes Maintenance Assessment For Townhomes Debt Assessment For Townhomes
Total

$
$
$

118.05
295.66
1,352.89

$
$
$

118.05
295.66
1,352.89

$
$
$

118.05
295.66
1,352.89

$
$
$

118.05
295.66
1,352.89

$

1,766.60

$

1,766.60

$

1,766.60

$

1,766.60

Administrative Assessment For Single Family Homes Maintenance Assessments For Single Family Homes Debt Assessment For Single Family Homes
Total

$
$
$

118.05
295.66
1,458.13

$
$
$

118.05
295.66
1,458.13

$
$
$

118.05
295.66
1,458.13

$
$
$

118.05
295.66
1,458.13

$

1,871.84

$

1,871.84

$

1,871.84

$

1,871.84

Second Expansion Units Administrative Assessment For Townhomes Maintenance Assessment For Townhomes
Debt Assessment For Townhomes
Total

$
$
$

-
-
-

$
$
$

118.05
295.66
1,169.00

$
$
$

118.05
295.66
1,169.00

$
$
$

118.05
295.66
1,169.00

$

-

$

1,582.71

$

1,582.71

$

1,582.71

Administrative Assessment For Single Family Homes Maintenance Assessments For Single Family Homes Debt Assessment For Single Family Homes
Total

$
$
$

-
-
-

$
$
$

118.05
295.66
1,274.18

$
$
$

118.05
295.66
1,274.18

$
$
$

118.05
295.66
1,274.18

$

-

$

1,687.89

$

1,687.89

$

1,687.89

Third Expansion Units Administrative Assessment For Townhomes Maintenance Assessment For Townhomes
Debt Assessment For Townhomes
Total

$
$
$

-
-
-

$
$
$

-
-
-

$
$
$

-
-
-

$
$
$

118.05
295.66
1,353.14

$

-

$

-

$

-

$

1,766.85

Notes
Net Per Unit O&M Covenant amount is $390.00 Gross Per Unit O&M Covenant amount is $414.89

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information - Original Units:	

 Total Units:	 Original Units
Expansion Units
Total

Townhomes
Single Family Units Total Units

120
99
219

219
981
1,200

 Community Information - Expansion Units:	

2nd Expansion Area:

Villas Townhomes
Single Family Units Total Units

418
420
143
981

45
8
53

Single Family
 Townhomes	

3rd Expansion Area:

73
73
1,326

 Townhomes	

Total Units:

VII