Trails At Monterey Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

FINAL BUDGET
TRAILS AT MONTEREY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

ADMINISTRATIVE ASSESSMENTS

57,438

MAINTENANCE ASSESSMENTS

37,394

DEBT ASSESSMENTS

219,413

OTHER REVENUES

0

INTEREST INCOME

1,320

TOTAL REVENUES

$	315,565

EXPENDITURES

MAINTENANCE EXPENDITURES

AQUATIC/STORMWATER MANAGEMENT

7,850

MITIGATION MAINTENANCE

2,300

LAKE EASEMENT/LANDSCAPE MAINTENANCE

20,000

ENGINEERING/INSPECTIONS

5,000

TOTAL MAINTENANCE EXPENDITURES

$	35,150

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

5,000

PAYROLL TAXES (EMPLOYER)

400

MANAGEMENT

35,304

SECRETARIAL

3,600

LEGAL

10,500

ASSESSMENT ROLL

6,000

AUDIT FEES

3,700

INSURANCE

7,800

LEGAL ADVERTISING

3,250

MISCELLANEOUS

1,100

POSTAGE

500

OFFICE SUPPLIES

550

DUES & SUBSCRIPTIONS

175

TRUSTEE FEES

4,260

CONTINUING DISCLOSURE FEE

350

WEBSITE MANAGEMENT

750

MEETING ROOM RENTAL

750

TOTAL ADMINISTRATIVE EXPENDITURES

$	83,989

TOTAL EXPENDITURES

$	119,139

REVENUES LESS EXPENDITURES

$	196,426

BOND PAYMENTS

(206,248)

BALANCE

$	(9,822)

COUNTY APPRAISER & TAX COLLECTOR FEE

(6,285)

DISCOUNTS FOR EARLY PAYMENTS

(12,570)

EXCESS/ (SHORTFALL)

$	(28,677)

CARRYOVER FROM PRIOR YEAR

28,677

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
TRAILS AT MONTEREY 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

58,190

57,438

57,438

Expenditures Less Interest & Carryover/.94

MAINTENANCE ASSESSMENTS

37,396

37,394

37,394

Expenditures/.94

DEBT ASSESSMENTS

219,413

219,413

219,413

Bond Payments/.94

OTHER REVENUES

0

0

0

INTEREST INCOME

8,953

1,200

1,320

Interest Projected At $110 Per Month

TOTAL REVENUES

$	323,952

$	315,445

$	315,565

EXPENDITURES

MAINTENANCE EXPENDITURES

AQUATIC/STORMWATER MANAGEMENT

7,770

7,850

7,850

No Change From 2025/2026 Budget

MITIGATION MAINTENANCE

1,599

2,300

2,300

No Change From 2025/2026 Budget

LAKE EASEMENT/LANDSCAPE MAINTENANCE

16,090

20,000

20,000

No Change From 2025/2026 Budget

ENGINEERING/INSPECTIONS

3,907

5,000

5,000

No Change From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$	29,366

$	35,150

$	35,150

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

1,800

5,000

5,000

No Change From 2025/2026 Budget

PAYROLL TAXES (EMPLOYER)

138

400

400

Projected At 8% Of Supervisor Fees

MANAGEMENT

33,420

34,380

35,304

CPI Adjustment

SECRETARIAL

3,600

3,600

3,600

No Change From 2025/2026 Budget

LEGAL

7,533

10,500

10,500

No Change From 2025/2026 Budget

ASSESSMENT ROLL

6,000

6,000

6,000

As Per Contract

AUDIT FEES

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

INSURANCE

6,858

7,260

7,800

Fiscal Year 2025/2026 Expenditure Was $7,269

LEGAL ADVERTISING

2,321

3,500

3,250

$250 Decrease From 2025/2026 Budget

MISCELLANEOUS

1,021

1,100

1,100

No Change From 2025/2026 Budget

POSTAGE

168

500

500

No Change From 2025/2026 Budget

OFFICE SUPPLIES

200

600

550

$50 Decrease From 2025/2026 Budget

DUES & SUBSCRIPTIONS

175

175

175

No Change From 2025/2026 Budget

TRUSTEE FEES

4,256

4,260

4,260

No Change From 2025/2026 Budget

CONTINUING DISCLOSURE FEE

350

350

350

No Change From 2025/2026 Budget

WEBSITE MANAGEMENT

750

750

750

No Change From 2025/2026 Budget

MEETING ROOM RENTAL

750

0

750

Meeting Room Rental

TOTAL ADMINISTRATIVE EXPENDITURES

$	72,840

$	81,975

$	83,989

TOTAL EXPENDITURES

$	102,206

$	117,125

$	119,139

REVENUES LESS EXPENDITURES

$	221,746

$	198,320

$	196,426

BOND PAYMENTS

(209,340)

(206,248)

(206,248)

2027 Principal & Interest Payments

BALANCE

$	12,406

$	(7,928)

$	(9,822)

COUNTY APPRAISER & TAX COLLECTOR FEE

(3,032)

(6,285)

(6,285)

Two Percent Of Total Tax Roll

DISCOUNTS FOR EARLY PAYMENTS

(11,398)

(12,570)

(12,570)

Four Percent Of Total Tax Roll

EXCESS/ (SHORTFALL)

$	(2,024)

$	(26,783)

$	(28,677)

CARRYOVER FROM PRIOR YEAR

0

26,783

28,677

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	(2,024)

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET
TRAILS AT MONTEREY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2012 Refunding Bonds Information

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

$2,830,000 1.75% - 4.25%
May 2012
May 2033

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$1,355,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

10,946

400

500

Projected Interest For 2026/2027

NAV Tax Collection

209,340

206,248

206,248

Maximum Debt Service

Total Revenues

$	220,286

$	206,648

$	206,748

EXPENDITURES

Principal Payments

140,000

140,000

150,000

Principal Payment Due In 2027

Interest Payments

66,423

63,518

51,075

Interest Payments Due In 2027

Bond Redemption

0

3,130

5,673

Estimated Excess Debt Collections

Total Expenditures

$	206,423

$	206,648

$	206,748

Excess/ (Shortfall)

$	13,863

$	-

$	-

Trails At Monterey Community Development District Assessment Comparison

Fiscal Year 2022/2023
	Assessment*	

Fiscal Year 2023/2024
  Assessment*	

Fiscal Year 2024/2025
  Assessment*	

Fiscal Year 2025/2026
  Assessment*	

Fiscal Year 2026/2027
  Projected Assessment*	

Administrative
Maintenance Debt

$
$

137.75
89.68

$
$

137.75
89.68

$
$

137.75
89.68

$
$

137.75
89.68

$
$

137.75
89.68

 $	526.17

 $	526.17

 $	526.17

 $	526.17

 $	526.17

Total

$

753.60

$

753.60

$

753.60

$

753.60

$

753.60

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:
Total Units

417

IV