Renaissance Commons Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M Assessments	197,462	
Debt Assessments	562,368	
Other Revenues	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	761,030	
		
EXPENDITURES		
Supervisor Fees	3,000	
Payroll Taxes - Employer	240	
Engineering/Inspections	7,000	
Management	35,424	
Secretarial	4,200	
Legal	9,500	
Assessment Roll	5,500	
Audit Fees	3,600	
Arbitrage Rebate Fee	650	
Insurance	7,300	
Legal Advertisements	1,200	
Miscellaneous	800	
Postage	725	
Office Supplies	400	
Dues & Subscriptions	175	
Trustee Fee	5,100	
Website Management	2,000	
Maintenance Reserve	100,000	
		
TOTAL EXPENDITURES	$	186,814	
		
REVENUES LESS EXPENDITURES	$	574,216	
		
Bond Payments	(528,626)	
		
BALANCE	$	45,590	
		
County Appraiser & Tax Collector Fee	(15,197)	
Discounts For Early Payments	(30,393)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

3/20/2025 9:47 AM	I

DETAILED PROPOSED BUDGET
RENAISSANCE COMMONS 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	
O&M Assessments	131,602	197,487	197,462	Expenditures Less Interest & Carryover Balance/.94	
Debt Assessments	568,364	562,368	562,368	Bond Payment/.94	
Other Revenues	0	0	0		
Interest Income	9,616	480	1,200	Projected At $100 Per Month	
					
TOTAL REVENUES	$	709,582	$	760,335	$	761,030		
					
EXPENDITURES					
Supervisor Fees	1,800	3,000	3,000	No Change From 2024/2025 Budget	
Payroll Taxes - Employer	138	240	240	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	1,320	7,500	7,000	$500 Decrease From 2024/2025 Budget	
Management	33,432	34,428	35,424	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	7,497	9,500	9,500	No Change From 2024/2025 Budget	
Assessment Roll	5,500	5,500	5,500	No Change From 2024/2025 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,594	7,200	7,300	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	837	1,200	1,200	No Change From 2024/2025 Budget	
Miscellaneous	852	800	800	No Change From 2024/2025 Budget	
Postage	705	725	725	No Change From 2024/2025 Budget	
Office Supplies	518	400	400	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,784	5,100	5,100	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Maintenance Reserve	0	100,000	100,000	Maintenance Reserve	
					
TOTAL EXPENDITURES	$	74,402	$	186,118	$	186,814		
					
REVENUES LESS EXPENDITURES	$	635,180	$	574,217	$	574,216		
					
Bond Payments	(542,739)	(528,626)	(528,626)	2026 Principal & Interest Payments	
					
BALANCE	$	92,441	$	45,591	$	45,590		
					
County Appraiser & Tax Collector Fee	(3,779)	(15,197)	(15,197)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(25,173)	(30,394)	(30,393)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	63,489	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	63,489	$	-	$	-		

3/20/2025 9:47 AM	II

DETAILED PROPOSED DEBT SERVICE BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR

2023/2024

ANNUAL	

FISCAL YEAR

2024/2025

BUDGET	

FISCAL YEAR

2025/2026

BUDGET	

COMMENTS	

Interest Income	

89,544	

500	

1,500	

Projected Interest For 2025/2026	

NAV Tax Collection	

542,739	

528,626	

528,626	

Yearly Maximum Debt Assessment	

Prepaid Bond Collection	

0	

0	

0		

Total Revenues	

$	632,283	

$	529,126	

$	530,126		

EXPENDITURES					

Principal Payments - A-1	

347,000	

354,000	

372,000	

Principal Payment Due In 2026	

Interest Payments - A-1	

180,765	

162,110	

150,313	

Interest Payments Due In 2026	

Bond Redemption	

100,000	

13,016	

7,813	

Estimated Excess Debt Collections	

Total Expenditures	

$	627,765	

$	529,126	

$	530,126		

Excess/ (Shortfall)	

$	4,518	

$	-	

$	-		

Series 2017A-1 Bond Refunding Information	
Original Par Amount =	$12,499,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	3.25%
March 2017
May 2036	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1/1/25 =	$5,165,000			

Series 2017A-2 Bond Refunding Information	
Original Par Amount =	$2,978,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	5.25%
March 2017
May 2036	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1/1/25 =	$0	Series 2017A-2 Bond Paid Off In November 2018		

3/20/2025 9:47 AM	III

Renaissance Commons Community Development District Assessment Comparison

Lot Type			Fiscal Year 2021/2022
Assessment Before Discount*			Fiscal Year 2022/2023
Assessment Before Discount*			Fiscal Year 2023/2024
Assessment Before Discount*			Fiscal Year 2024/2025
Assessment Before Discount*	Fiscal Year 2025/2026
Projected Assessment
	Before Discount*		
Townhome	O & M	$	88.30		$	88.86		$	88.85		$	134.06	$	134.04	
	Debt	$	793.82		$	791.77		$	791.77		$	783.84	$	783.84	
	Sub-Total For Townhomes	$	882.12		$	880.63		$	880.62		$	917.90	
$	917.88	
3 Bedroom	O & M	$	78.23		$	78.73		$	78.72		$	118.78	$	118.76	
Condo	Debt	$	703.42		$	701.60		$	701.60		$	694.58	$	694.58	
	Sub-Total For 3 Bedroom Condos	$	781.65		$	780.33		$	780.32		$	813.36	
$	813.34	
2 Bedroom	O & M	$	67.02		$	67.45		$	67.44		$	101.75	$	101.73	
Condo	Debt	$	602.50		$	600.94		$	600.94		$	594.93	$	594.93	
	Sub-Total For 2 Bedroom Condos	$	669.52		$	668.39		$	668.38		$	696.68	
$	696.66	
1 Bedroom	O & M	$	61.45		$	61.85		$	61.84		$	93.31	$	93.29	
Condo	Debt	$	552.50		$	551.07		$	551.07		$	545.56	$	545.56	
	Sub-Total For 1 Bedroom Condos	$	613.95		$	612.92		$	612.91		$	638.87	
$	638.85	
Commercial	O & M	$	5,388.72		$	5,423.37		$	5,423.37		$	8,181.89	$	8,180.84	
	Debt	$	48,445.18		$	48,319.58		$	48,319.58		$	47,836.38	$	47,836.38	
	Sub-Total For Commercial	$	53,833.90		$	53,742.95		$	53,742.95		$	56,018.27	
$	56,017.22	
Retail	O & M	$	5,546.71		$	5,582.37		$	5,581.55		$	8,421.77	$	8,420.69	
	Debt	$	-		$	-		$	-		$	-	$	-	
	Sub-Total For Retail	$	5,546.71		$	5,582.37		$	5,581.55		$	8,421.77	
$	8,420.69	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information:		
Note: 908 Bond Prepayments As Of March 2024:		
1 Bedroom Condos (233), 2 Bedroom Condos (530), 3 Bedroom Condos (145)		
Residential Units	Assessed For Debt	
Townhomes	310	
310	
3 Bedroom Condos	203	58	
2 Bedroom Condos	805	275	
1 Bedroom Condos	357	124	
Total Residential Units	1,675	
767	
Commercial/Retail Square Footage		
Commercial	175,385	175,385	
Retail	180,527	0	
Total Commercial/Retail Square Footage	355,912	175,385	

3/20/2025 9:47 AM	IV