Renaissance Commons 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

IV

ASSESSMENT COMPARISON

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

Notes
Fund Balance As Of 9-30-25: $45,000 Plus Reserve/Contingency $206,769
Estimated Fund Balance As Of 9-30-26: $45,000 Plus Reserve/Contingency (Estimated At $286,000)

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O&M Assessments

197,433

Debt Assessments

562,368

Other Revenues

0

Interest Income

1,500

TOTAL REVENUES

$	761,301

EXPENDITURES

Supervisor Fees

3,000

Payroll Taxes - Employer

240

Engineering/Inspections

6,000

Management

36,372

Secretarial

4,200

Legal

9,500

Assessment Roll

5,500

Audit Fees

3,700

Arbitrage Rebate Fee

650

Insurance

7,800

Legal Advertisements

1,150

Miscellaneous

625

Postage

700

Office Supplies

375

Dues & Subscriptions

175

Trustee Fee

5,100

Website Management

2,000

Maintenance Reserve

100,000

TOTAL EXPENDITURES

$	187,087

REVENUES LESS EXPENDITURES

$	574,214

Bond Payments

(528,626)

BALANCE

$	45,588

County Appraiser & Tax Collector Fee

(15,196)

Discounts For Early Payments

(30,392)

EXCESS/ (SHORTFALL)

$	-

Carryover From Prior Year

0

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Notes
Fund Balance As Of 9-30-25: $45,000 Plus Reserve/Contingency $206,769
Estimated Fund Balance As Of 9-30-26: $45,000 Plus Reserve/Contingency (Estimated At $286,000)

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O&M Assessments

198,202

197,462

197,433

Expenditures Less Interest & Carryover Balance/.94

Debt Assessments

562,990

562,368

562,368

Bond Payment/.94

Other Revenues

0

0

0

Interest Income

9,954

1,200

1,500

Projected At $125 Per Month

TOTAL REVENUES

$	771,146

$	761,030

$	761,301

EXPENDITURES

Supervisor Fees

1,800

3,000

3,000

No Change From 2025/2026 Budget

Payroll Taxes - Employer

138

240

240

Projected At 8% Of Supervisor Fees

Engineering/Inspections

3,988

7,000

6,000

$1,000 Decrease From 2025/2026 Budget

Management

34,428

35,424

36,372

CPI Adjustment

Secretarial

4,200

4,200

4,200

No Change From 2025/2026 Budget

Legal

9,050

9,500

9,500

No Change From 2025/2026 Budget

Assessment Roll

5,500

5,500

5,500

No Change From 2025/2026 Budget

Audit Fees

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

Arbitrage Rebate Fee

650

650

650

No Change From 2025/2026 Budget

Insurance

6,858

7,300

7,800

Fiscal Year 2025/2026 Expenditure Was $7,269

Legal Advertisements

604

1,200

1,150

$50 Decrease From 2025/2026 Budget

Miscellaneous

442

800

625

$175 Decrease From 2025/2026 Budget

Postage

58

725

700

$25 Decrease From 2025/2026 Budget

Office Supplies

188

400

375

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

4,784

5,100

5,100

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Maintenance Reserve

20,269

100,000

100,000

Maintenance Reserve

TOTAL EXPENDITURES

$	98,632

$	186,814

$	187,087

REVENUES LESS EXPENDITURES

$	672,514

$	574,216

$	574,214

Bond Payments

(538,196)

(528,626)

(528,626)

2027 Principal & Interest Payments

BALANCE

$	134,318

$	45,590

$	45,588

County Appraiser & Tax Collector Fee

(3,817)

(15,197)

(15,196)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(26,892)

(30,393)

(30,392)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	103,609

$	-

$	-

Carryover From Prior Year

0

0

0

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	103,609

$	-

$	-

DETAILED PROPOSED DEBT SERVICE BUDGET
RENAISSANCE COMMONS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2017A-1 Bond Refunding Information

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

$12,499,000 3.25%
March 2017
May 2036

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$5,165,000

Series 2017A-2 Bond Refunding Information

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

$2,978,000 5.25%
March 2017
May 2036

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$0

Series 2017A-2 Bond Paid Off In November 2018

III

REVENUES

FISCAL YEAR

2024/2025

ANNUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

78,594

1,500

2,500

Projected Interest For 2026/2027

NAV Tax Collection

538,196

528,626

528,626

Yearly Maximum Debt Assessment

Prepaid Bond Collection

0

0

0

Total Revenues

$	616,790

$	530,126

$	531,126

EXPENDITURES

Principal Payments - A-1

354,000

372,000

379,000

Principal Payment Due In 2027

Interest Payments - A-1

167,863

150,313

135,021

Interest Payments Due In 2027

Bond Redemption

-

7,813

17,105

Estimated Excess Debt Collections

Total Expenditures

$	521,863

$	530,126

$	531,126

Excess/ (Shortfall)

$	94,927

$	-

$	-

Renaissance Commons Community Development District Assessment Comparison

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
Assessment Before Discount*

Fiscal Year 2026/2027
Projected Assessment Before Discount*

Lot
Type

Townhome

O & M Debt
Sub-Total For Townhomes

$
$

88.86
791.77

$
$

88.85
791.77

$
$

134.06
783.84

$
$

134.04
783.84

$
$

134.03
783.84

$

880.63

$

880.62

$

917.90

$

917.88

$

917.87

3 Bedroom Condo

O & M Debt
Sub-Total For 3 Bedroom Condos

$
$

78.73
701.60

$
$

78.72
701.60

$
$

118.78
694.58

$
$

118.76
694.58

$
$

118.75
694.58

$

780.33

$

780.32

$

813.36

$

813.34

$

813.33

2 Bedroom Condo

O & M Debt
Sub-Total For 2 Bedroom Condos

$
$

67.45
600.94

$
$

67.44
600.94

$
$

101.75
594.93

$
$

101.73
594.93

$
$

101.72
594.93

$

668.39

$

668.38

$

696.68

$

696.66

$

696.65

1 Bedroom Condo

O & M Debt
Sub-Total For 1 Bedroom Condos

$
$

61.85
551.07

$
$

61.84
551.07

$
$

93.31
545.56

$
$

93.29
545.56

$
$

93.28
545.56

$

612.92

$

612.91

$

638.87

$

638.85

$

638.84

Commercial

O & M Debt
Sub-Total For Commercial

$
$

5,423.37
48,319.58

$
$

5,423.37
48,319.58

$
$

8,181.89
47,836.38

$
$

8,180.84
47,836.38

$
$

8,179.66
47,836.38

$

53,742.95

$

53,742.95

$

56,018.27

$

56,017.22

$

56,016.04

Retail

O & M Debt
Sub-Total For Retail

$
$

5,582.37
-

$
$

5,581.55
-

$
$

8,421.77
-

$
$

8,420.69
-

$
$

8,419.48
-

$

5,582.37

$

5,581.55

$

8,421.77

$

8,420.69

$

8,419.48

* 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 Townhomes
3 Bedroom Condos
2 Bedroom Condos
1 Bedroom Condos Total Residential Units

Assessed For Debt

310
203
805
357
1,675

310
58
275
124

767

Commercial/Retail Square Footage Commercial
Retail
Total Commercial/Retail Square Footage

175,385
180,527
355,912

175,385
0
175,385

IV