Avenir
Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS
AMENDED FINAL OPERATING FUND BUDGET

I

II

AMENDED FINAL CLUBHOUSE FUND BUDGET

III

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2018)

IV

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019)

V

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2020 - IMPACT FEES)

VI

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2021)

VII

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2023 & TC)

VIII

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2024)

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

Note: Debt Assessments/Bond Payments Only Includes Transactions Processed Through Operating Account

I

$355,195

$	283,479

$638,674

O&M ONLY

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 - 9/30/25

O&M Assessments

4,965,806

4,971,931

4,971,931

Clubhouse Assessments

1,739,655

1,738,719

1,738,719

Clubhouse Other Revenues

55,000

105,247

105,247

Landowner Contribution - O&M

0

0

0

Total Regular Debt Assessments

15,595,194

7,970,706

7,970,706

Total Cap I + B Bond Dept Assess

1,809,035

0

0

Landowner Contribution - Debt

0

0

0

Impact Fees

6,484,553

5,773,901

5,773,901

Bond Prepayments

0

1,463,361

1,463,361

Bond Prepayments Sent to Trustee

0

(1,463,361)

(1,463,361)

Developer Contribution - Capital Projects

0

9,016,363

9,016,363

Develoer Contribution - O&M

0

0

0

Interest / Other Income

1

87,840

87,840

Total Revenues

$	30,649,244

$	29,664,707

$	29,664,707

EXPENDITURES

Supervisor Fees

3,840

0

0

Supervisor Fees Taxes

308

0

0

Engineering/Inspections

20,000

30,000

28,826

Management

56,285

56,285

56,285

Legal

48,000

75,000

72,655

Assessment Roll

6,000

6,000

6,000

Audit Fees

13,700

15,700

15,700

Arbitrage Rebate Fee

4,200

5,000

4,975

Insurance

66,000

61,000

60,673

Legal Advertisements

5,000

22,000

19,955

Miscellaneous

2,000

2,000

1,829

Postage

750

2,500

2,001

Office Supplies

2,000

4,000

3,479

Dues & Subscriptions

175

175

175

Trustee Fees

35,000

35,500

35,500

Continuing Disclosure Fee

3,000

6,500

6,250

Website Management

1,600

1,600

1,600

Infrastructure Maintenance

100,000

250,000

231,327

Miscellaneous Maintenance

50,000

20,000

14,897

Electric (FPL)

650,000

620,000

598,954

Water (Seacoast)

150,000

150,000

130,955

Landscape Maintenance Base

1,310,000

1,075,000

1,007,885

Landscape Maintenance Optional

350,000

620,000

586,723

Irrigation Maintenance

140,000

230,000

215,604

Lake Maintenance

250,000

360,000

326,311

Littorals

75,000

5,000

0

Street Sweeping / Pressure Washing

200,000

60,000

52,175

Roadway / Bridges / Signs Maintenance

0

65,000

61,800

Mitigation Maintenance

720,000

760,000

726,150

Wild Hog Control

0

0

0

Pump Maintenance

100,000

80,000

72,664

Trail Maintenance

0

0

0

Fountain Maintenance

100,000

160,000

152,141

Gas Utility

0

28,000

25,389

Field Operations

55,000

0

0

Contingency / Hurricane

150,000

150,000

139,296

Capital Project Outlay

0

9,200,000

8,971,278

TOTAL O&M EXPENDITURES

$	4,667,858

$	14,156,260

$	13,629,450

TOTAL CLUBHOUSE EXPENDITURES

$	1,691,313

$	1,736,975

$	1,654,313

TOTAL EXPENDITURE

$	6,359,171

$	15,893,235

$	15,283,763

Excess/ (Shortfall)

$	24,290,073

$	13,771,472

$	14,380,944

Bond Payments - Series 2018

(2,995,460)

(2,325,784)

(2,325,784)

Bond Payments - Series 2019

(1,278,335)

(1,092,627)

(1,092,627)

Bond Payments - Series 2020 (IF)

(6,484,553)

(5,773,899)

(5,773,899)

Bond Payments - Series 2021

(4,850,154)

(2,393,832)

(2,393,832)

Bond Payments - Series 2023

(6,583,756)

(1,766,611)

(1,766,611)

Bond Payments - Series 2024

(760,813)

(75,071)

(75,071)

Balance

$	1,337,002

$	343,648

$	953,120

County Appraiser & Tax Collector Fee

(446,013)

(48,841)

(48,841)

Discounts For Early Payments

(892,026)

(431,147)

(431,147)

Net Excess/ (Shortfall)

$	(1,037)

$	(136,340)

$	473,132

AMENDED FINAL DETAILED CLUBHOUSE BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024-2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

II

$907,145

$189,653

$1,096,798

CLUBHOUSE ONLY

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

EXPENDITURES

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 - 9/30/25

Supervisors Fees

960

0

0

Supervisors Fees Taxes

77

0

0

Management

8,000

8,000

8,000

Legal

12,000

9,000

8,235

Assessment Roll

1,500

1,500

1,500

Audit Fees

1,600

1,600

1,600

Arbitrage Rebate Fee

225

225

225

Legal Advertisements

1,500

1,500

1,500

Miscellaneous

0

3,500

2,723

Trustee Fees

3,500

3,500

3,500

Continuing Disclosure Fee

250

250

250

Website Management

400

400

400

Connect Water Fee

0

0

0

Management/personnel

758,801

775,000

758,291

Uniforms

4,000

500

0

Licenses/Permits

5,000

500

338

Insurance

55,000

51,000

50,204

Post / Print / Office Sup

9,000

18,000

16,630

IT / Telecom

20,000

28,000

26,716

HVAC Maint & Repair

12,000

1,000

0

Janitorial

11,000

28,000

26,166

Misc Repair & Maint

60,000

80,000

74,994

Pest Control

18,000

20,000

19,154

Fire/ Life/ Hood -Safe Sys

8,000

10,000

9,879

Fitness Equip

4,000

4,000

3,648

Vehicle Lease & Maint

5,000

500

0

Holiday Decorations

15,000

500

0

Cable / Music Services

3,000

4,000

3,252

Trash Removal

6,000

5,000

4,676

Gas

50,000

22,000

20,329

Electricity

50,000

44,000

39,965

Water & Sewer

40,000

47,000

45,746

Irrigation Water

10,000

5,500

4,472

Camera Surveillance

90,000

107,000

102,606

Electronic Access Control

10,000

42,000

38,837

Surveillance Repair & Main

0

0

0

Landscape Maint Contract

80,000

75,000

71,985

Landscape Other

40,000

25,000

16,345

Pool Chemicals

55,000

63,000

60,175

Pool Maintenance Agreement

32,500

32,500

32,500

Pool Repair & Misc Maint

25,000

33,000

30,908

Tennis & Pickle Court Main

15,000

30,000

28,169

Furniture Repair & Maint

5,000

500

0

Social Programs

90,000

115,000

109,183

Restaurant Expenses

0

0

0

Deficit Funding F&B Operat

0

0

0

Other / Capital Expenses

75,000

40,000

31,208

TOTAL EXPENDITURES

$	1,691,313

$	1,736,975

$	1,654,313

AMENDED FINAL BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2018)
FISCAL YEAR 2024-2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
2018-1 Reserve Fund Balance = $438,544.*. 2018-3 Reserve Fund Balance = $207,312*. 2018-1 Revenue Account Balance = $378,372*. 2018-3 Revenue Account = $160,822*.
2018-1 Prepayment Account Balance = $4,966*. 2018-2 Prepayment Account = $1,911*. 2018-3 Prepayment Account = $129,305*.

* Approximate Amounts

Series 2018-1 Bond Information
Annual Principal Payments Due =

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

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

May 1st
May 1st & November 1st

Annual Interest Payments Due =

Par Amount As Of 9/30/25 =

$27,935,000

Series 2018-2 Taxable Bond Information
Annual Principal Payments Due =

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

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

N/A
May 1st & November 1st

Annual Interest Payments Due =

Par Amount As Of 9/30/25 =

$860,000

Series 2018-2 Bond Information
Annual Principal Payments Due =

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

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

N/A
May 1st & November 1st

Annual Interest Payments Due =

Par Amount As Of 9/30/25 =

$225,000

Series 2018-3 Bond Information
Annual Principal Payments Due =

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

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

May 1st
May 1st & November 1st

Annual Interest Payments Due =

Par Amount As Of 9/30/25 =

$10,455,000

III

$1,342,916

$	(21,684)

$1,321,232

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 - 9/30/25

Interest Income

200

68,149

68,149

NAV Tax Collection 2018-1

2,098,851

2,043,044

2,043,044

Collection 2018-2 (Taxable & Tax-Exempt)

84,748

83,589

83,589

NAV Tax Collection 2018-3

811,861

716,154

716,154

Prepaid Bond Collection

0

0

0

Landowner B-Bond Payments

0

178,867

178,867

Total Revenues

$	2,995,660

$	3,089,803

$	3,089,803

EXPENDITURES

Principal Payments 2018-1

545,000

545,000

545,000

Principal Payments 2018-2 Taxable

0

35,000

35,000

Principal Payments 2018-2 Tax Exmpt

0

10,000

10,000

Principal Payments 2018-3

200,000

255,000

255,000

Interest Payments 2018-1

1,551,413

1,566,400

1,566,400

Interest Payments 2018-2 Taxable

71,000

70,014

70,014

Interest Payments 2018-2 Tax Exmpt

13,748

13,601

13,601

Interest Payments 2018-3

610,075

616,472

616,472

Bond Redemption

4,425

0

0

Total Expenditures

$	2,995,661

$	3,111,487

$	3,111,487

Excess/ (Shortfall)

$	(1)

$	(21,684)

$	(21,684)

AMENDED FINAL BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2019)
FISCAL YEAR 2024-2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
2019 Reserve Fund Balance = $110,118*. Revenue Fund Balance= $568,377*. Prepayment Account Balance = $436,864*. 2019B Reserve Fund Balance = $218,669*. Prepayment Account Balance = $176,632*.

* Approximate Amounts

Series 2019 Bond Information
$15,700,000

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

Annual Principal Payments Due = May 1st

5.60%
April 2020
May 2050

Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$14,135,000

Series 2019B-1 (Taxable) Bond Information

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

$2,200,000 6.88%
December 2019
May 2029

Principal Payment Due On May 1, 2029

Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$610,000

Series 2019B-2 (Tax Exempt) Bond Information

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

$4,300,000 5.25%
December 2019
May 2029

Principal Payment Due On May 1, 2029

Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$1,190,000

IV

$1,211,412

$299,248

$1,510,660

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 - 9/30/25

Interest Income

200

56,066

56,066

NAV Tax Collection

1,078,335

1,086,867

1,086,867

NAV Tax Collection B

200,000

769,267

769,267

Landowner Contribution

0

0

0

Prepaid Bond Collection

0

615,072

615,072

Total Revenues

$	1,278,535

$	2,527,271

$	2,527,271

EXPENDITURES

Principal Payments (2019)

255,000

440,000

440,000

Principal Payments (2019-B)

0

825,000

825,000

Interest Payments (2019)

810,740

818,370

818,370

Interest Payments (2019-B)

200,000

144,653

144,653

Bond Redemptions

12,795

0

0

Total Expenditures

$	1,278,535

$	2,228,023

$	2,228,023

Excess/ (Shortfall)

$	-

$	299,248

$	299,248

AMENDED FINAL BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2020 - IMPACT FEES) FISCAL YEAR 2024-2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Revenue Fund Balance = $1,120,781*. Redemption Fund Balance = $4,310*.

* Approximate Amount

Series 2020 (Impact Fee Credit) Bond Information

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

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

Principal Payment Due =
November 1, 2050

Annual Interest Payments Due =
May 1st & November 1st

Par Amount As Of 9/30/25 =

$1,080,000

V

$4,789,104

($3,664,013)

$1,125,091

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 - 9/30/25

Interest Income

0

94,975

94,975

Impact Fees

6,484,553

5,773,899

5,773,899

Transfer From Cost Of Issuance Account

0

0

0

Total Revenues

$	6,484,553

$	5,868,874

$	5,868,874

EXPENDITURES

Principal Payments (2020)

5,622,000

9,155,000

9,155,000

Interest Payments (2020)

862,553

377,886

377,886

Total Expenditures

$	6,484,553

$	9,532,886

$	9,532,886

Excess/ (Shortfall)

$	-

$	(3,664,013)

$	(3,664,013)

AMENDED FINAL BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2021)
FISCAL YEAR 2024-2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes

2021A-1 Reserve Fund Balance = $611,159*. 2021A-2 Reserve Fund Balance = $262,138*. 2021A Revenue Account Balance = $591,239*.

2021B Reserve Fund Balance = $109,138*.

2021B Revenue Fund Balance = $39*. 2021B Prepayment Account Balance = $10,577*.

* Approximate Amounts

Series 2021A-1 Information

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

$27,305,000 2.25% - 3.4%
September 2021
May 2052

Annual Principal Payments Due = May 1st

Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$20,960,000

Series 2021A-2 Information

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

$39,305,000 5.13%
September 2021
May 2052

Annual Principal Payments Due = May 1st

Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$37,485,000

Series 2021B Bond Information

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

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

Principal Payment Due On May 1, 2041

Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$6,350,000

VI

$1,453,766

$130,524

$1,584,290

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 - 9/30/25

Interest Income

200

116,041

116,041

Net NAV Tax Collection 2021 A-1 & A-2

3,999,654

4,094,565

4,094,565

Net NAV Tax Collection 2021 B

850,500

459,972

459,972

Landowner Contribution

0

0

0

Prepaid Bond Collection

0

5,348,690

5,348,690

Total Revenues

$	4,850,354

$	10,019,268

$	10,019,268

EXPENDITURES

Principal Payments (2021A-1)

605,000

3,005,000

3,005,000

Principal Payments (2021A-2)

625,000

625,000

625,000

Principal Payments (2021 B)

0

3,015,000

3,015,000

Interest Payments (2021A-1)

829,354

785,982

785,982

Interest Payments (2021A-2)

1,938,916

1,953,138

1,953,138

Interest Payments (2021 B)

850,500

504,625

504,625

Bond Redemptions

1,585

0

0

Total Expenditures

$	4,850,355

$	9,888,744

$	9,888,744

Excess/ (Shortfall)

$	(1)

$	130,524

$	130,524

AMENDED FINAL BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2023)
FISCAL YEAR 2024-2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes

2023 Reserve Fund Balance = $5,562,506*. 2023-TC Reserve Fund Balance = $581,164*.

2023 Revenue Account Balance = $280,357*.

2023-TC Revenue Account Balance = $219*.

* Approximate Amounts

Series 2023 Information

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

$79,750,000 4.500% - 5.625%
Jan-24
May 2054

Annual Principal Payments Due =
May 1st

Annual Interest Payments Due =
May 1st & November 1st

Par Amount As Of 9/30/25 =

$63,445,000

Series 2023 Towncenter Information

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

$15,000,000 6.13%
Jun-24
May 2054

Annual Principal Payments Due =
May 1st

Annual Interest Payments Due =
May 1st & November 1st

Par Amount As Of 9/30/25 =

$15,000,000

VII

$7,701,046

($1,276,800)

$6,424,246

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 - 9/30/25

Interest Income

200

305,876

305,876

NAV Tax Collection 2023

5,445,825

3,393,274

3,393,274

NAV Tax Collection 2023 TC

1,137,931

337,231

337,231

Landowner Contribution

0

0

0

Capitalized Interest

0

0

0

Total Revenues

$	6,583,956

$	4,036,381

$	4,036,381

EXPENDITURES

Principal Payments (2023)

1,140,000

900,000

900,000

Principal Payments (2023 TC)

0

0

0

Interest Payments (2023)

4,305,413

3,494,431

3,494,431

Interest Payments (2023 TC)

918,750

918,750

918,750

Bond Redemptions

219,794

0

0

Total Expenditures

$	6,583,957

$	5,313,181

$	5,313,181

Excess/ (Shortfall)

$	(1)

$	(1,276,800)

$	(1,276,800)

AMENDED FINAL BUDGET
AVENIR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2024)
FISCAL YEAR 2024-2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes

2024 Reserve Fund Balance = $114,705*. 2024 Revenue Fund Balance = $89,084*. 2024 Interest Account Balance = $7,066*

2024B Reserve Fund Balance = $311,832*.

2024B Prepayment Fund Balance = $0.00*. 2024B Interest Account Balance = $334,201*

* Approximate Amounts

Series 2024 Information

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

$3,000,000 4.875% - 6.000%
Apr-25
May 2055

Annual Principal Payments Due =
May 1st

Annual Interest Payments Due =
May 1st & November 1st

Par Amount As Of 9/30/25 =

$3,000,000

Series 2024 B Information

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

$9,385,000 6.25%
Apr-25
May 2055

Annual Principal Payments Due =
May 1st

Annual Interest Payments Due =
May 1st & November 1st

Par Amount As Of 9/30/25 =

$9,385,000

VIII

$1,483,911

($627,023)

$856,888

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 - 9/30/25

Interest Income

200

47,629

47,629

NAV Tax Collection 2024

87,225

88,475

88,475

NAV Tax Collection 2024 B

0

0

0

Landowner Contribution

0

0

0

Capitalized Interest

673,788

0

0

Total Revenues

$	761,213

$	136,104

$	136,104

EXPENDITURES

Principal Payments (2024)

0

0

0

Principal Payments (2024 B)

0

0

0

Interest Payments (2024)

174,450

174,935

174,935

Interest Payments (2024 B)

586,563

588,192

588,192

Bond Redemptions

200

Total Expenditures

$	761,213

$	763,126

$	763,126

Excess/ (Shortfall)

$	-

$	(627,023)

$	(627,023)