Avenir
Community Development District

Final Budget
Fiscal Year 2025/2026 October 1, 2025 - September 30, 2026

CONTENTS

1

FINAL BUDGET

2

DETAILED FINAL BUDGET

3

DETAILED FINAL CLUBHOUSE BUDGET

4

DETAILED FINAL DEBT SERVICE BUDGET (SERIES 2018)

5

DETAILED FINAL DEBT SERVICE BUDGET (SERIES 2019)

6

DETAILED FINAL DEBT SERVICE BUDGET (SERIES 2020)

7

DETAILED FINAL DEBT SERVICE BUDGET (SERIES 2021)

8

DETAILED FINAL DEBT SERVICE BUDGET (SERIES 2023)

9

DETAILED FINAL DEBT SERVICE BUDGET (SERIES 2024)

10

DETAILED FINAL DEBT SERVICE BUDGET (SERIES 2025)

11

ASSESSMENT COMPARISON - PARCELS A-1 - A-5

12

ASSESSMENT COMPARISON - PARCELS A-6 - A-9

13

ASSESSMENT COMPARISON - PARCELS A-10 - A-21

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

1

REVENUES

FISCAL YEAR 2025/2026 BUDGET

O&M Assessments

6,892,739

Clubhouse Assessments

1,738,886

Total Regular Debt Assessments

14,412,401

Total Cap I + B Bond Debt Assess

2,593,661

Landowner Contribution - O&M

0

Landowner Contribution - Clubhouse

0

Landowner Contribution - Debt

0

Impact Fees

0

Bond Prepayments

0

Bond Prepayments - Sent to Trustee

0

O&M Interest & Other Income

0

Clubhouse Interest & Other Income

230,000

TOTAL REVENUES

$	25,867,687

EXPENDITURES

Supervisor Fees

0

Supervisor Fees Taxes

0

Engineering/Inspections

50,000

Management

150,000

District Office

0

Legal

80,000

Assessment Roll

6,000

Audit Fees

13,900

Arbitrage Rebate Fee

5,000

Insurance

75,000

Legal Advertisements

20,000

Miscellaneous

2,000

Postage

2,000

Office Supplies

5,000

Dues & Subscriptions

175

Trustee Fees

40,000

Continuing Disclosure Fee

3,500

Website Management

1,600

Infrastructure Maintenance

100,000

Miscellaneous Maintenance

50,000

Base Landscape Maintenance

1,350,000

Optional Landscape Maintenance

1,000,000

Irrigation Maintenance

250,000

Lake & Littoral Maintenance

375,000

Midge & Mosquito Control

350,000

Fountain Maintenenace

200,000

Street Sweeping / Pressure Washing

100,000

Mitigation Maintenance

1,045,000

Hydrobiologic Monitoring

25,000

Pump Station Maintenance / Fuel

100,000

Electric (FPL) (Including Streetlight)

650,000

Water (Seacoast)

175,000

Gas Utility

20,000

Holiday Lighting

35,000

Contingency

200,000

Clubhouse Total Expenditures

1,864,553

TOTAL EXPENDITURES

$	8,343,728

REVENUES LESS EXPENDITURES

$	17,523,959

Bond Payments - Series 2018

(2,995,460)

Bond Payments - Series 2019

(1,188,635)

Bond Payments - Series 2020 (IF)

0

Bond Payments - Series 2021

(4,330,610)

Bond Payments - Series 2023

(5,256,637)

Bond Payments - Series 2024

(802,326)

Bond Payments - Series 2025

(1,567,650)

BALANCE

$	1,382,641

County Appraiser & Tax Collector Fee

(460,881)

Discounts For Early Payments

(921,760)

EXCESS/ (SHORTFALL)

$	-

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

2

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

O&M Assessments

4,052,304

4,965,806

6,892,739

Total Regular Expenses / .94

Clubhouse Assessments

1,732,804

1,740,759

1,738,886

Total CH Expenses - Revenue / .94

Total Regular Debt Assessments

6,853,117

15,595,194

14,412,401

Total Cap I + B Bond Debt Assess

8,769,715

1,809,035

2,593,661

Landowner Contribution - O&M

0

0

0

Landowner Contribution - Clubhouse

0

0

0

Landowner Contribution - Debt

0

0

0

Impact Fees

10,297,527

6,484,553

0

Estimated

Bond Prepayments

15,566,824

0

0

Bond Prepayments - Sent to Trustee

(15,566,824)

0

0

O&M Interest & Other Income

119,017

0

0

Clubhouse Interest & Other Income

66,956

55,000

230,000

Rental 30,000 + 200,000 Carryover

TOTAL REVENUES

$	31,891,440

$	30,650,347

$	25,867,687

EXPENDITURES

Supervisor Fees

0

3,840

0

Supervisor Fees Taxes

0

308

0

Engineering/Inspections

14,380

20,000

50,000

Management

54,645

56,285

150,000

Onsite Full Time Manager

District Office

0

0

0

Legal

55,410

48,000

80,000

Assessment Roll

6,000

6,000

6,000

Audit Fees

13,600

13,700

13,900

Increase due to Additional Bonds

Arbitrage Rebate Fee

3,675

4,200

5,000

Insurance

35,937

66,000

75,000

Insurance Estimate

Legal Advertisements

8,655

5,000

20,000

Miscellaneous

1,981

2,000

2,000

Postage

1,304

750

2,000

Office Supplies

2,868

2,000

5,000

Dues & Subscriptions

175

175

175

Trustee Fees

29,500

35,000

40,000

Continuing Disclosure Fee

3,250

3,000

3,500

Website Management

1,600

1,600

1,600

Infrastructure Maintenance

213,853

100,000

100,000

Miscellaneous Maintenance

7,890

50,000

50,000

Base Landscape Maintenance

1,081,756

1,310,000

1,350,000

Optional Landscape Maintenance

262,955

350,000

1,000,000

Irrigation Maintenance

108,688

140,000

250,000

Lake & Littoral Maintenance

97,666

250,000

375,000

Midge & Mosquito Control

0

0

350,000

Fountain Maintenenace

101,044

100,000

200,000

Street Sweeping / Pressure Washing

144,916

200,000

100,000

Mitigation Maintenance

539,350

720,000

1,045,000

Hydrobiologic Monitoring

0

0

25,000

Pump Station Maintenance / Fuel

71,472

100,000

100,000

Electric (FPL) (Including Streetlight)

596,351

650,000

650,000

Streetlight & electric

Water (Seacoast)

188,447

150,000

175,000

Gas Utility

18,557

0

20,000

Holiday Lighting

0

0

35,000

Contingency

0

150,000

200,000

Approximatley 3% of non clubhouse O&M expenses

Clubhouse Total Expenditures

1,450,642

1,691,313

1,864,553

TOTAL EXPENDITURES

$	5,116,566

$	6,359,171

$	8,343,728

REVENUES LESS EXPENDITURES

$	26,774,873

$	24,291,176

$	17,523,959

Bond Payments - Series 2018

(2,325,851)

(2,995,460)

(2,995,460)

2026 P & I Payments Less Earned Interest

Bond Payments - Series 2019

(1,843,266)

(1,278,335)

(1,188,635)

2026 P & I Payments Less Earned Interest

Bond Payments - Series 2020 (IF)

(10,297,527)

(6,484,553)

0

Estimated

Bond Payments - Series 2021

(10,453,694)

(4,850,154)

(4,330,610)

2026 P & I Payments Less Earned Interest

Bond Payments - Series 2023

(733,760)

(6,583,756)

(5,256,637)

2026 P & I Payments Less Earned Interest

Bond Payments - Series 2024

0

(760,813)

(802,326)

2026 P & I Payments Less Earned Interest

Bond Payments - Series 2025

0

0

(1,567,650)

2026 P & I Payments Less Earned Interest

BALANCE

$	1,120,774

$	1,338,105

$	1,382,641

County Appraiser & Tax Collector Fee

(37,402)

(446,035)

(460,881)

Discounts For Early Payments

(340,670)

(892,070)

(921,760)

EXCESS/ (SHORTFALL)

$	742,703

$	-

$	-

DETAILED FINAL CLUBHOUSE BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

3

EXPENDITURES

FISCAL YEAR 2023/2024
ACTUAL

FISCAL YEAR 2024/2025
BUDGET

FISCAL YEAR 2025/2026
BUDGET

COMMENTS

Supervisor Fees

0

960

0

Supervisor Fees Taxes

0

77

0

Connect Water Fee

0

0

0

CDD Management

8,000

8,000

35,000

Legal

2,940

12,000

12,000

Assessment Roll

1,500

1,500

1,500

Audit Fees

1,400

1,600

1,600

Arbitrage Rebate Fee

225

225

225

Legal Advertisements

1,200

1,500

4,000

Miscellaneous

2,738

0

5,000

Trustee Fees

3,500

3,500

3,500

Continuing Disclosure Fee

250

250

250

Website Management

400

400

400

CH Management/personnel

642,566

758,801

819,578

Uniforms

0

4,000

4,000

Licenses/Permits

1,998

5,000

5,000

Insurance

70,000

55,000

80,000

Post / Print / Office Sup

14,759

9,000

12,000

IT / Telecom

15,133

20,000

20,000

HVAC Maint & Repair

0

12,000

12,000

Janitorial

33,436

11,000

14,000

Misc Repair & Maint

23,922

60,000

60,000

Pest Control

19,794

18,000

20,000

Fire/ Life/ Hood -Safe Sys

9,649

8,000

8,000

Fitness Equip

3,743

4,000

4,000

Vehicle Lease & Maint

4,799

5,000

5,000

Holiday Decorations

0

15,000

15,000

Cable / Music Services

3,082

3,000

4,000

Trash Removal

4,004

6,000

6,000

Gas

23,108

50,000

50,000

Electricity

36,178

50,000

50,000

Water & Sewer

40,027

40,000

45,000

Irrigation Water

4,533

10,000

10,000

Security / Camera Surveillance

101,070

90,000

90,000

Electronic Access Control

28,188

10,000

10,000

Surveillance Repair & Main

0

0

0

Landscape Maint Contract

71,304

80,000

83,000

Landscape Other / Irrigation

102,581

40,000

50,000

Pool Chemicals

51,362

55,000

57,000

Pool Maintenance Agreement

29,792

32,500

32,500

Pool Repair & Misc Maint

4,200

25,000

25,000

Tennis & Pickle Court Main

13,382

15,000

25,000

Furniture Repair & Maint

0

5,000

5,000

Social Programs

75,878

90,000

90,000

Coffee Station

0

0

15,000

Restaurant Expenses

0

0

0

Deficit Funding F&B Operat

0

0

0

Other / Capital Expenses

0

75,000

75,000

TOTAL EXPENDITURES

$	1,450,642

$	1,691,313

$	1,864,553

DETAILED FINAL DEBT SERVICE FUND BUDGET - SERIES 2018
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2018-1 Bond Information

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

$31,500,000 5.50%
May 2018
May 2049

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Series 2018-2 Taxable Bond Information

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

$18,445,000 7.90%
May 2018
May 2029

Annual Principal Payments Due =
Annual Interest Payments Due =

Paid as Lots Sold to Home Builders
May 1st & November 1st

NOTE: These Bonds are paid off as lot are sold to Home Builders

Series 2018-2 Tax Exempt (TE) Bond Information

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

$4,700,000 5.85%
May 2018
May 2029

Annual Principal Payments Due =
Annual Interest Payments Due =

Paid as Lots Sold to Home Builders
May 1st & November 1st

NOTE: These Bonds are paid off as lot are sold to Home Builders

Series 2018-3 Bond Information

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

$11,565,000 5.75%
May 2018
May 2049

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

4

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

92,858

200

200

Projected Interest

Net NAV Collection 2018-1

1,780,524

2,098,851

2,098,851

Maximum Net Debt Service Collection

Net Collection 2018-2 (Taxable & Tax-Exempt)

126,136

84,748

84,748

Estimate - Collected from Developer / Home Builder

Net NAV Collection 2018-3

741,514

811,861

811,861

Maximum Net Debt Service Collection

Landowner Contribution

0

0

0

Prepaid Bond Collections

0

0

0

Total Revenues

$	2,741,031

$	2,995,660

$	2,995,660

EXPENDITURES

Principal Payments 2018-1

520,000

545,000

580,000

Principal Payment Due In 2026

Principal Payments 2018-2 Taxable

0

0

0

Bonds Paid off as lots sold to Homebuilder

Principal Payments 2018-2 TE

0

0

0

Bonds Paid off as lots sold to Homebuilder

Principal Payments 2018-3

185,000

200,000

210,000

Principal Payment Due In 2026

Interest Payments 2018-1

1,595,000

1,551,413

1,520,475

Interest Payments Due In 2026

Interest Payments 2018-2 Taxable

70,705

71,000

71,000

Estimated Interest Payments Due In 2026

Interest Payments 2018-2 TE

13,748

13,748

13,748

Estimated Interest Payments Due In 2026

Interest Payments 2018-3

626,463

610,075

598,288

Interest Payments Due In 2026

Bond Redemptions

0

4,425

2,150

Estimated Excess Debt Collections

Total Expenditures

$	3,010,915

$	2,995,660

$	2,995,660

Excess/ (Shortfall)

$	(269,884)

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET - SERIES 2019
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2019 Bond Information

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

$15,700,000 5.60%
April 2019
May 2050

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Series 2019 B Taxable Bond Information

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

$2,200,000 6.875%
December 2019
May 2029

Annual Principal Payments Due =
Annual Interest Payments Due =

Paid as Lots Sold to Home Builders
May 1st & November 1st

Series 2019 B Tax Exempt (TE) Bond Information

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

$4,300,000 5.250%
December 2019
May 2029

Annual Principal Payments Due =
Annual Interest Payments Due =

Paid as Lots Sold to Home Builders
May 1st & November 1st

5

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

67,918

200

200

Projected Interest

Net NAV Tax Collection

1,317,578

1,078,335

1,078,335

Maximum Net Debt Service Collection

Net NAV Tax Collection B

538,531

200,000

110,300

Estimate - Collected from Developer / Home Builder

Landowner Contribution

0

0

0

Prepaid Bonds

385,457

0

0

Total Revenues

$	2,309,484

$	1,278,535

$	1,188,835

EXPENDITURES

Principal Payments

305,000

255,000

270,000

Principal Payments Due In 2026

Principal Payments B

1,360,000

0

0

Interest Payments

832,790

810,740

794,360

Interest Payments Due In 2026

Interest Payments B

203,961

200,000

110,300

Estimated Interest Payments Due in 2026

Bond Redemptions

0

12,795

14,175

Estimated Excess Debt Collections

Total Expenditures

$	2,701,751

$	1,278,535

$	1,188,835

Excess/ (Shortfall)

$	(392,267)

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET - SERIES 2020
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2020 Bond Information

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

$22,600,000 4.75%
July 2020
November 2050

Annual Principal Payments Due =
Annual Interest Payments Due =

Paid as Impact Fee Credits Are Earned
May 1st & November 1st

6

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

127,954

0

0

Projected Interest

Impact Fees

10,297,527

6,484,553

0

Paid As Impact Fee Credits Are Earned

Total Revenues

$	10,425,480

$	6,484,553

$	-

EXPENDITURES

Impact Fee Principal Payments

7,924,000

5,622,000

0

Bond Expected to be Paid in Full in 2025

Impact Fee Interest Payments

795,791

862,553

0

Bond Expected to be Paid in Full in 2025

Total Expenditures

$	8,719,791

$	6,484,553

$	-

Excess/ (Shortfall)

$	1,705,689

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET - SERIES 2021
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2021 A-1 Bond Information

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

$27,305,000 3.299%
September 2021
May 2052

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Series 2021 A-2 Bond Information

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

$39,305,000 5.125%
September 2021
May 2052

Annual Principal Payments Due =
Annual Interest Payments Due =

Paid as Lots Sold to Home Builders
May 1st & November 1st

Series 2021 B Bond Information

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

$29,160,000 5.00%
September 2021
May 2041

Annual Principal Payments Due =
Annual Interest Payments Due =

N/A
May 1st & November 1st

7

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

226,018

200

1,100

Projected Interest

Net NAV Collection 2021 A-1 & A-2

5,960,583

3,999,654

3,870,610

Maximum Net Debt Service Collection

Net Collection 2021 B

8,942,157

850,500

460,000

Maximum Net Debt Service Collection

Landowner Contribution

0

0

0

Capitalized Interest

0

0

0

Total Revenues

$	15,128,758

$	4,850,354

$	4,331,710

EXPENDITURES

Principal Payments 2021 A-1

2,740,000

605,000

560,000

Principal Payment Due In 2026

Principal Payments 2021 A-2

595,000

625,000

660,000

Principal Payment Due In 2026

Principal Payments 2021 B

8,095,000

0

0

Bonds Paid off as lots sold to Homebuilder

Interest Payments 2021 A-1

863,479

829,354

747,328

Interest Payments Due In 2026

Interest Payments 2021 A-2

1,983,631

1,938,916

1,904,194

Interest Payments Due In 2026

Interest Payments 2021 B

939,813

850,500

460,000

Estimated Interest Payments Due In 2026

Bond Redemptions

0

1,585

188

Estimated Excess Debt Collections

Total Expenditures

$	15,216,923

$	4,850,354

$	4,331,710

Excess/ (Shortfall)

$	(88,164)

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET - SERIES 2023
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2023 Bond Information

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

$79,750,000 5.537%
January 2023
May 2054

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Series 2023 Town Center Bond Information

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

$15,000,000 6.125%
June 2023
May 2054

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

8

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

791,994

200

45,000

Projected Interest

Net NAV Collection 2023

15,944,548

5,445,825

4,337,887

Maximum Net Debt Service Collection

Net NAV Collection 2023 TC

0

1,137,931

918,750

Interest Only until FY 2027/2028

Landowner Contribution

0

0

0

Capitalized Interest

0

0

0

Total Revenues

$	16,736,542

$	6,583,956

$	5,301,637

EXPENDITURES

Principal Payments 2023

15,405,000

1,140,000

950,000

Principal Payment Due In 2026

Principal Payments 2023 TC

0

0

0

Principal Payment Due In 2026

Interest Payments 2023

4,332,891

4,305,413

3,432,556

Interest Payments Due In 2026

Interest Payments 2023 TC

806,458

918,750

918,750

Interest Payments Due In 2026

Bond Redemptions

0

219,794

331

Estimated Excess Debt Collections

Total Expenditures

$	20,544,349

$	6,583,956

$	5,301,637

Excess/ (Shortfall)

$	(3,807,807)

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET - SERIES 2024
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2024 A Bond Information

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

$3,000,000 5.815%
April 2024
May 2055

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Series 2024 B Bond Information

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

$9,385,000 6.250%
April 2024
May 2055

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

9

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

25,928

200

200

Projected Interest

Net NAV Collection 2024 A

0

87,225

215,763

Maximum Net Debt Service Collection

Net NAV Collection 2024 B

0

0

586,563

Net Interest Only Debt Service until FY 2028/2029

Landowner Contribution

0

0

0

Capitalized Interest

0

673,788

0

Total Revenues

$	25,928

$	761,213

$	802,526

EXPENDITURES

Principal Payments 2024 A

0

40,000

Principal Payment Due In 2026

Principal Payments 2024 B

0

0

0

Principal Payment Due In 2026

Interest Payments 2024 A

0

174,450

173,475

Interest Payments Due In 2026

Interest Payments 2024 B

0

586,563

586,563

Interest Payments Due In 2026

Bond Redemptions

0

200

2,488

Estimated Excess Debt Collections

Total Expenditures

$	-

$	761,213

$	802,526

Excess/ (Shortfall)

$	25,928

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET - SERIES 2025
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2025 A Bond Information *EST

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

$6,610,000
7.000%

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Series 2025 B Bond Information *EST

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

$15,345,000
7.500%

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

10

REVENUES

FISCAL YEAR 2023/2024 ACTUAL

FISCAL YEAR 2024/2025 BUDGET

FISCAL YEAR 2025/2026 BUDGET

COMMENTS

Interest Income

0

0

0

Projected Interest

Net NAV Collection 2025 A

0

0

215,600

Maximum Net Debt Service Collection *EST

Net NAV Collection 2025 B

0

0

0

Maximum Net Debt Service Collection *EST

Landowner Contribution

0

0

0

Capitalized Interest

0

0

1,352,050

Total Revenues

$	-

$	-

$	1,567,650

EXPENDITURES

Principal Payments 2025 A

0

0

0

Principal Payment Due In 2026 *EST

Principal Payments 2025 B

0

0

0

Principal Payment Due In 2026 *EST

Interest Payments 2025 A

0

0

431,200

Interest Payments Due In 2026 *EST

Interest Payments 2025 B

0

0

1,136,450

Interest Payments Due In 2026 *EST

Bond Redemptions

0

0

0

Estimated Excess Debt Collections

Total Expenditures

$	-

$	-

$	1,567,650

Excess/ (Shortfall)

$	-

$	-

$	-

Avenir Community Development District

Assessment Comparison (Parcels A-1 -

A-5)

Fiscal Year 2022/2023
Gross Assessment

Fiscal Year 2023/2024
Gross Assessment

Fiscal Year 2024/2025
Gross Assessment

Fiscal Year 2025/2026
Projected Gross Assessment

O&M Assessment For Parcel A-1 - Watermark Clubhouse Operation Assessment For Parcel A-1 Debt (2018-1) Assessment For Parcel A-1
Debt (2018-3 Clubhouse) Assessment For Parcel A-1

$
$
$
$

962.47
1,370.47
2,077.13
742.00

$
$
$
$

843.90
1,486.98
2,077.13
742.00

$
$
$
$

1,085.45
1,481.82
2,077.13
742.00

$1,468.14 1,481.16
2,077.13
742.00

$
$
$

Total

$

5,152.07

$

5,150.01

$

5,386.40

$

5,768.43

O&M Assessment For Parcel A-2 - LaTerre Clubhouse Operation Assessment For Parcel A-2 Debt (2018-1) Assessment For Parcel A-2
Debt (2018-3 Clubhouse) Assessment For Parcel A-2

$
$
$
$

962.47
1,370.47
1,982.71
742.00

$
$
$
$

843.90
1,486.98
1,982.71
742.00

$
$
$
$

1,085.45
1,481.82
1,982.71
742.00

$
$
$
$

1,468.14
1,481.16
1,982.71
742.00

Total

$

5,057.65

$

5,055.59

$

5,291.98

$

5,674.01

O&M Assessment For Parcel A-3 - Windgate Clubhouse Operation Assessment For Parcel A-3 Debt (2018-1) Assessment For Parcel A-3
Debt (2018-3 Clubhouse) Assessment For Parcel A-3

$
$
$
$

962.47
1,370.47
1,888.30
742.00

$
$
$
$

843.90
1,486.98
1,888.30
742.00

$
$
$
$

1,085.45
1,481.82
1,888.30
742.00

$
$
$
$

1,468.14
1,481.16
1,888.30
742.00

Total

$

4,963.24

$

4,961.18

$

5,197.57

$

5,579.60

O&M Assessment For Parcel A-4 - Coral Isles Clubhouse Operation Assessment For Parcel A-4 Debt (2018-1) Assessment For Parcel A-4
Debt (2018-3 Clubhouse) Assessment For Parcel A-4

$
$
$
$

962.47
1,370.47
2,171.54
742.00

$
$
$
$

843.90
1,486.98
2,171.54
742.00

$
$
$
$

1,085.45
1,481.82
2,171.54
742.00

$
$
$
$

1,468.14
1,481.16
2,171.54
742.00

Total

$

5,246.48

$

5,244.42

$

5,480.81

$

5,862.84

O&M Assessment For Parcel A-5 (50 Foot) - Regency Clubhouse Operation Assessment For Parcel A-5 (50 Foot) Debt (2018-1) Assessment For Parcel A-5 (50 Foot)
Debt (2018-3 Clubhouse) Assessment For Parcel A-5 (50 Foot)

$
$
$
$

962.47
- 1,888.30
-

$
$
$
$

843.90
- 1,888.30
-

$
$
$
$

1,085.45
- 1,888.30
-

$
$
$
$

1,468.14
- 1,888.30
-

Total

$

2,850.77

$

2,732.20

$

2,973.75

$

3,356.44

O&M Assessment For Parcel A-5 (60 Foot) - Regency Clubhouse Operation Assessment For Parcel A-5 (60 Foot) Debt (2018-1) Assessment For Parcel A-5 (60 Foot)
Debt (2018-3 Clubhouse) Assessment For Parcel A-5 (60 Foot)

$
$
$
$

962.47
- 1,982.71
-

$
$
$
$

843.90
- 1,982.71
-

$
$
$
$

1,085.45
- 1,982.71
-

$
$
$
$

1,468.14
- 1,982.71
-

Total

$

2,945.18

$

2,826.61

$

3,068.16

$

3,450.85

O&M Assessment For S.F. Villas Clubhouse Operation Assessment For S.F. Villas
Debt (2018-1) Assessment For S.F. Villas
Debt (2018-3 Clubhouse) Assessment For S.F. Villas

$
$
$
$

962.47
1,370.47
1,063.83
742.00

$
$
$
$

843.90
1,486.98
1,063.83
742.00

$
$
$
$

1,085.45
1,481.82
1,063.83
742.00

$
$
$
$

1,468.14
1,481.16
1,063.83
742.00

Total

$

4,138.77

$

4,136.71

$

4,373.10

$

4,755.13

O&M Assessment For Econ Dev Clubhouse Operation Assessment For Econ Dev
Debt (2018-1) Assessment For Econ Dev
Debt (2018-3 Clubhouse) Assessment For Econ Dev

$
$
$
$

962.47
- 2,127.66
-

$
$
$
$

843.90
- 2,127.66
-

$
$
$
$

1,085.45
- 2,127.66
-

$
$
$
$

1,468.14
- 2,127.66
-

Total

$

3,090.13

$

2,971.56

$

3,213.11

$

3,595.80

O&M Assessment For Town Center - Total Debt (2018-1) Assessment For Town Center - Total
Debt (2023 Towncenter) Assessment For Town Center - Total

$
$
$

962.47
2,127.66
-

$
$
$

843.90
2,127.66
-

$
$
$

94,347.31
112,765.96
1,210,565.00

$
$
$

127,610.73
112,765.96
1,210,565.00

Total

$

3,090.13

$

2,971.56

$

1,417,678.27

$

1,450,941.69

* Assessments Include the Following :

4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

11

O&M Calculations

TOTAL UNITS		Total Gross O&M Expenses / Total O&M Units =	O&M per Unit Phase 1	1,222
Phase 2	508	$6,892,739 / 4,695	$1,468.14
Phase 3	2,965
Total Units	4,695

TOTAL RESIDENTIAL UNITS
Phase 1	1,135
Phase 2	508
Phase 3	2,382
Total Units	4,025
TOTALCLUBHOUSE UNITS		Total Gross Clubhouse Operation Expenses / Total Clubhouse Units =	Clubhouse Operation per Unit Phase 1	666
Phase 2	508	$1,738,886 / 1,174	$1,481.16
Total Units	1,174

Note: Parcel A-5, Econ Dev, Town Center, and Phase 3 are Not Assessed For Clubhouse Assessment - They Receives No Special Benefit

Lot Count Information

First Phase	Second Phase	Third Phase
Parcel A-1	98	Parcel A-6	245	Parcel A-10	230
Parcel A-2	92	Parcel A-7	47	Parcel A-11	137
Parcel A-3	119	Parcel A-8	98	Parcel A-12	139
Parcel A-4	107	Parcel A-9	118	Parcel A-13/14 125'	55
Parcel A-5	267	Total Second Phase	508	Parcel A-13/14 175'	24
Parcel A-5	202	Parcel A-15 50'	356
SF Villas 	250	Parcel A-15 62'	206
First Phase Residential	1,135	Parcel A-16 50'	296
Parcel A-16 60'	193
Parcel A-16 75'	2
Econ Dev (50 Acres)	0	Parcel A-17	161
Town Center (41.134 Acres)	86.92	Parcel A-18	104
First Phase Non-Residential	86.92	Parcel A-19	131
Parcel A-20 55'	75
Total First Phase	1,222	Parcel A-20 65'	69
Parcel A-21	204
Third Phase Residential	2,382
Golf Course	356.81
Charter School	11.91
Comm Parcel "D"	159.80
Comm Parcel "H"	18.75
Comm Parcel "J"	35.67
Third Phase Non-Residential	583

Total Third Phase	2,965

Avenir Community Development District

Assessment Comparison (Parcels A-6 -

A-9)

Fiscal Year 2022/2023
Gross Assessment

Fiscal Year 2023/2024
Gross Assessment

Fiscal Year 2024/2025
Gross Assessment

Fiscal Year 2025/2026
Projected Gross Assessment

O&M Assessment For Parcel A-6 - Pulte Clubhouse Operation Assessment For Parcel A-6 Debt (2019) Assessment For Parcel A-6
Debt (2018-3 Clubhouse) Assessment For Parcel A-6
Total

$
$
$
$

962.47
1,370.47
2,322.00
742.00

$
$
$
$

843.90
1,486.98
2,322.00
742.00

$
$
$
$

1,085.45
1,481.82
2,322.00
742.00

$
$
$
$

1,468.14
1,481.16
2,322.00
742.00

$

5,396.94

$

5,394.88

$

5,631.27

$

6,013.30

O&M Assessment For Parcel A-7 - Pulte Clubhouse Operation Assessment For Parcel A-7 Debt (2019) Assessment For Parcel A-7
Debt (2018-3 Clubhouse) Assessment For Parcel A-7
Total

$
$
$
$

962.47
1,370.47
2,554.00
742.00

$
$
$
$

843.90
1,486.98
2,554.00
742.00

$
$
$
$

1,085.45
1,481.82
2,554.00
742.00

$
$
$
$

1,468.14
1,481.16
2,554.00
742.00

$

5,628.94

$

5,626.88

$

5,863.27

$

6,245.30

O&M Assessment For Parcel A-8 - Pulte Clubhouse Operation Assessment For Parcel A-8 Debt (2019) Assessment For Parcel A-8
Debt (2018-3 Clubhouse) Assessment For Parcel A-8
Total

$
$
$
$

962.47
1,370.47
2,554.00
742.00

$
$
$
$

843.90
1,486.98
2,554.00
742.00

$
$
$
$

1,085.45
1,481.82
2,554.00
742.00

$
$
$
$

1,468.14
1,481.16
2,554.00
742.00

$

5,628.94

$

5,626.88

$

5,863.27

$

6,245.30

O&M Assessment For Parcel A-9 - Solana Clubhouse Operation Assessment For Parcel A-9 Debt (2019) Assessment For Parcel A-9
Debt (2018-3 Clubhouse) Assessment For Parcel A-9
Total

$
$
$
$

962.47
1,370.47
1,983.00
742.00

$
$
$
$

843.90
1,486.98
1,697.31
742.00

$
$
$
$

1,085.45
1,481.82
1,697.31
742.00

$
$
$
$

1,468.14
1,481.16
1,697.31
742.00

$

5,057.94

$

4,770.19

$

5,006.58

$

5,388.61

* Assessments Include the Following :

4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

Lot Count Information

First Phase Parcel A-1 Parcel A-2 Parcel A-3 Parcel A-4 Parcel A-5 Parcel A-5 SF Villas 
First Phase Residential

Second Phase Parcel A-6 Parcel A-7 Parcel A-8 Parcel A-9
Total Second Phase

Third Phase Parcel A-10 Parcel A-11 Parcel A-12
Parcel A-13/14 125'
Parcel A-13/14 175'
Parcel A-15 50'
Parcel A-15 62'
Parcel A-16 50'
Parcel A-16 60'
Parcel A-16 75' Parcel A-17 Parcel A-18 Parcel A-19 Parcel A-20 55'
Parcel A-20 65' Parcel A-21
Third Phase Residential

98
92
119
107
267
202
250
1,135

245
47
98
118
508

230
137
139
55
24
356
206
296
193
2
161
104
131
75
69
204
2,382

Econ Dev (50 Acres) Town Center (41.134 Acres) First Phase Non-Residential

0
86.92
86.92

Total First Phase

1,222

Golf Course Charter School Comm Parcel "D" Comm Parcel "H" Comm Parcel "J"
Third Phase Non-Residential

356.8
11.91
159.8
18.75
35.67
583

Total Third Phase

2,965

O&M Calculations

TOTAL UNITS
Phase 1
Phase 2
Phase 3 Total Units

Total Gross O&M Expenses / Total O&M Units =

O&M per Unit

1,222
508
2,965
4,695

$6,892,739 / 4,695

$1,468.14

TOTAL RESIDENTIAL UNITS
Phase 1
Phase 2
Phase 3 Total Units

1,135
508
2,382
4,025

TOTALCLUBHOUSE UNITS
Phase 1
Phase 2 Total Units

Total Gross Clubhouse Operation Expenses / Total Clubhouse Units =

Clubhouse Operation per Unit

666
508
1,174

$1,738,886 / 1,174

$1,481.16

Note: Parcel A-5, Econ Dev, Town Center, and Phase 3 are Not Assessed For Clubhouse Assessment - They Receives No Special Benefit

12

Avenir Community Development District

Assessment Comparison (Parcels A-10 -

A-21)

Fiscal Year 2022/2023
Gross Assessment

Fiscal Year 2023/2024
Gross Assessment

Fiscal Year 2024/2025
Gross Assessment

Fiscal Year 2025/2026
Projected Gross Assessment

O&M Assessment For Parcel A-10 Debt (2021) Assessment For Parcel A-10
Total

$
$

- 2,845.00

$
$

843.90
2,845.00

$
$

1,085.45
2,845.00

$
$

1,468.14
2,845.00

$

2,845.00

$

3,688.90

$

3,930.45

$

4,313.14

O&M Assessment For Parcel A-11 Debt (2021) Assessment For Parcel A-11
Total

$
$

- 3,176.00

$
$

843.90
3,176.00

$
$

1,085.45
3,176.00

$
$

1,468.14
3,176.00

$

3,176.00

$

4,019.90

$

4,261.45

$

4,644.14

O&M Assessment For Parcel A-12 - Panther National Debt (2021) Assessment For Parcel A-12
Total

$
$

- 5,102.00

$
$

843.90
5,102.00

$
$

1,085.45
5,102.00

$
$

1,468.14
5,102.00

$

5,102.00

$

5,945.90

$

6,187.45

$

6,570.14

O&M Assessment For Parcel A-13/14 125' - Panther National Debt (2021) Assessment For Parcel A-13/14 125'
Total

$
$

- 6,259.00

$
$

843.90
6,259.00

$
$

1,085.45
6,259.00

$
$

1,468.14
6,259.00

$

6,259.00

$

7,102.90

$

7,344.45

$

7,727.14

O&M Assessment For Parcel A-13/14 175' - Panther National Debt (2021) Assessment For Parcel A-13/14 175'
Total

$
$

- 7,911.00

$
$

843.90
7,911.00

$
$

1,085.45
7,911.00

$
$

1,468.14
7,911.00

$

7,911.00

$

8,754.90

$

8,996.45

$

9,379.14

O&M Assessment For Parcel A-15 50' Debt (2021) Assessment For Parcel A-15 50'
Total

$
$

- 1,889.00

$
$

843.90
1,889.00

$
$

1,085.45
1,889.00

$
$

1,468.14
1,889.00

$

1,889.00

$

2,732.90

$

2,974.45

$

3,357.14

O&M Assessment For Parcel A-15 62' Debt (2021) Assessment For Parcel A-15 62'
Total

$
$

- 1,983.00

$
$

843.90
1,983.00

$
$

1,085.45
1,983.00

$
$

1,468.14
1,983.00

$

1,983.00

$

2,826.90

$

3,068.45

$

3,451.14

O&M Assessment For Parcel A-16 50' - Kolter Debt (2023) Assessment For Parcel A-16 50' Total

$
$

-
-

$
$

843.90
5,670.00

$
$

1,085.45
3,457.00

$
$

1,468.14
3,457.00

$

-

$

6,513.90

$

4,542.45

$

4,925.14

O&M Assessment For Parcel A-16 60' - Kolter Debt (2023) Assessment For Parcel A-16 60' Total

$
$

-
-

$
$

843.90
6,805.00

$
$

1,085.45
4,149.00

$
$

1,468.14
4,149.00

$

-

$

7,648.90

$

5,234.45

$

5,617.14

O&M Assessment For Parcel A-16 75' - Kolter Debt (2023) Assessment For Parcel A-16 75' Total

$
$

-
-

$
$

843.90
7,373.00

$
$

1,085.45
5,186.00

$
$

1,468.14
5,186.00

$

-

$

8,216.90

$

6,271.45

$

6,654.14

O&M Assessment For Parcel A-17 Debt (2023) Assessment For Parcel A-17
Total

$
$

-
-

$
$

843.90
7,373.00

$
$

1,085.45
7,373.00

$
$

1,468.14
7,373.00

$

-

$

8,216.90

$

8,458.45

$

8,841.14

O&M Assessment For Parcel A-18 - Kenco Debt (2024 A) Assessment For Parcel A-18 Debt (2024 B) Assessment For Parcel A-18
Debt (2021 A-2 only) Assessment for Parcel A-18
Total

$
$
$
$

- 3,176.00
-
-

$
$
$
$

843.90
3,176.00
-
-

$
$
$

1,085.45
2,208.00
-

$
$
$
$

1,468.14
2,208.00
- 2,038.46

$

3,176.00

$

4,019.90

$

3,293.45

$

5,714.60

O&M Assessment For Parcel A-19 Debt (2023) Assessment For Parcel A-19
Total

$
$

-
-

$
$

843.90
7,373.00

$
$

1,085.45
7,373.00

$
$

1,468.14
7,373.00

$

-

$

8,216.90

$

8,458.45

$

8,841.14

O&M Assessment For Parcel A-20 55' - Kolter Debt (2021) Assessment For Parcel A-20 55' Total

$
$

- 1,935.00

$
$

843.90
1,935.00

$
$

1,085.45
1,935.00

$
$

1,468.14
1,935.00

$

1,935.00

$

2,778.90

$

3,020.45

$

3,403.14

O&M Assessment For Parcel A-20 65' - Kolter Debt (2021) Assessment For Parcel A-20 65' Total

$
$

- 2,030.00

$
$

843.90
2,030.00

$
$

1,085.45
2,030.00

$
$

1,468.14
2,030.00

$

2,030.00

$

2,873.90

$

3,115.45

$

3,498.14

O&M Assessment For Parcel A-21
Debt (2021 A-2 Only) Assessment For Parcel A-21 Debt (2025) Assessment For Parcel A-21
Total

$
$
$

- 3,176.00
-

$
$
$

843.90
3,176.00
-

$
$
$

1,085.45
3,176.00
-

$
$
$

1,468.14
1,279.03
2,575.75

$

3,176.00

$

4,019.90

$

4,261.45

$

5,322.92

O&M Assessment For Golf Course
Debt (2021) Assessment For Golf Course per Acre
Total

$
$

- 295.00

$
$

843.90
295.00

$
$

1,085.45
295.00

$
$

1,468.14
295.00

$

295.00

$

1,138.90

$

1,380.45

$

1,763.14

O&M Assessment For Charter School
Debt (2021) Assessment For Charter School per Acre
Total

$
$

- 2,247.00

$
$

843.90
2,247.00

$
$

1,085.45
2,247.00

$
$

1,468.14
2,247.00

$

2,247.00

$

3,090.90

$

3,332.45

$

3,715.14

O&M Assessment For Commercial Parcel "D" Debt (2023) Assessment For Commercial Parcel "D"
Total

$
$

-
-

$
$

843.90
1,481.00

$
$

1,085.45
7,044.00

$
$

1,468.14
7,044.00

$

-

$

2,324.90

$

8,129.45

$

8,512.14

O&M Assessment For Commercial Parcel "H" Debt (2023) Assessment For Commercial Parcel "H"
Total

$
$

-
-

$
$

843.90
1,481.00

$
$

1,085.45
1,481.00

$
$

1,468.14
1,481.00

$

-

$

2,324.90

$

2,566.45

$

2,949.14

O&M Assessment For Commercial Parcel "J" Debt (2023) Assessment For Commercial Parcel "J"
Total

$
$

-
-

$
$

1,002.99
7,044.00

$
$

1,085.45
7,044.00

$
$

1,468.14
7,044.00

$

-

$

8,046.99

$

8,129.45

$

8,512.14

* Assessments Include the Following :

4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

13

O&M Calculations
TOTAL UNITS		Total Gross O&M Expenses / Total O&M Units =	O&M per Unit Phase 1	1,222
Phase 2	508	$6,892,739 / 4,695	$1,468.14
Phase 3	2,965
Total Units	4,695

TOTAL RESIDENTIAL UNITS
Phase 1	1,135
Phase 2	508
Phase 3	2,382
Total Units	4,025

Lot Count Information
First Phase	Second Phase	Third Phase
Parcel A-1	98	Parcel A-6	245	Parcel A-10	230
Parcel A-2	92	Parcel A-7	47	Parcel A-11	137
Parcel A-3	119	Parcel A-8	98	Parcel A-12	139
Parcel A-4	107	Parcel A-9	118	Parcel A-13/14 125'	55
Parcel A-5	267	Total Second Phase	508	Parcel A-13/14 175'	24
Parcel A-5	202	Parcel A-15 50'	356
SF Villas 	250	Parcel A-15 62'	206
First Phase Residential	1,135	Parcel A-16 50'	296
Parcel A-16 60'	193
Parcel A-16 75'	2
Econ Dev (50 Acres)	0	Parcel A-17	161
Town Center (41.134 Acres)	86.92	Parcel A-18	104
First Phase Non-Residential	86.92	Parcel A-19	131
Parcel A-20 55'	75
Total First Phase	1,222	Parcel A-20 65'	69
Parcel A-21	204
Third Phase Residential	2,382
Golf Course	356.81
Charter School	11.91
Comm Parcel "D"	159.80
Comm Parcel "H"	18.75
Comm Parcel "J"	35.67
Third Phase Non-Residential	583

Total Third Phase	2,965