CityPlace Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET (2012)

DETAILED FINAL DEBT SERVICE FUND BUDGET (2018)

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

REVENUES	FISCAL YEAR 2025/2026
BUDGET	
Assessments - Administrative	0	
Excess Revenue Funds	1,616,093	
Excess Revenue True-Up	332,811	
Assessments - Maintenance (Palladium)	3,043,770	
Parking Revenue (Palladium)	6,045,160	
Sponsor & Promotion Revenue (Palladium)	0	
Rental Income (Palladium)	85,000	
Tenant CAM Reimbursement (Palladium)	0	
Interest Income	480	
TOTAL REVENUES	$	11,123,314	
		
EXPENDITURES		
ADMINISTRATIVE/MAINTENANCE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering	5,000	
Management Fee	46,044	
Legal	70,000	
Audit Fees	6,700	
Arbitrage Rebate Fee	1,300	
Insurance - Liability	62,000	
Insurance - Garages	425,000	
Legal Advertising	2,500	
Bank Service Charges	500	
Miscellaneous	2,250	
Postage	250	
Office Supplies	1,500	
Dues & Subscriptions	175	
Trustee Fees	9,500	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Roadway & Sidewalk Maintenance	308,265	
Excess Revenue Payment to Palladium	1,000,000	
TOTAL ADMINISTRATIVE/MAINTENCE EXPENDITURES	$	1,949,384	
		
Palladium CDD Property		
MAINTENANCE EXPENDITURES		
Parking Expenses	2,125,000	
Administrative	425,000	
Payroll	1,483,500	
Professional Fees	120,000	
Sweeping and Cleaning	425,000	
Utilities	400,000	
Insurance	440,000	
Landscaping And Irrigation	547,900	
Contracted Services	80,000	
Repairs & Maintenance	175,000	
Security	1,250,000	
Marketing	1,375,000	
Management Fee	200,000	
Plaza CDD Property		
Plaza Entertainment	100,000	
Signage	27,530	
TOTAL MAINTENANCE EXPENDITURES	$	9,173,930	
		
TOTAL EXPENDITURES	$	11,123,314	
		
REVENUES LESS EXPENDITURES	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
Excess/ (Shortfall)	$	-	

Assessments (Administrative) Calculation
Total Assessment = $0 (Grossed Up For 4% Early Payment Discounts & 2% County Fees Total Square Footage: 985,458 - Assessment Per Square Feet: $0.00

DETAILED FINAL BUDGET
CITYPLACE 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	
Assessments - Administrative	404,291	0	0	CDD Expenditures Less Excess Revenue Funds & Interest	
Excess Revenue Funds	1,433,509	1,152,904	1,616,093	Excess Revenue Funds Payment	
Excess Revenue True-Up	0	0	332,811	Excess Revenue True-Up	
Assessments - Maintenance (Palladium)	2,826,569	3,043,770	3,043,770	$501,200 Increase From 2023/2024 Budget	
Parking Revenue (Palladium)	5,456,461	6,045,160	6,045,160	$1,000,000 Increase From 2023/2024 Budget	
Sponsor & Promotion Revenue (Palladium)	0	0	0	Line Item Eliminated	
Rental Income (Palladium)	80,772	85,000	85,000	$40,000 Increase From 2023/2024 Budget	
Tenant CAM Reimbursement (Palladium)	0	0	0	Line Item Eliminated	
Interest Income	1,427	480	480	Projected At $40 Per Month	
TOTAL REVENUES	$	10,203,029	$	10,327,314	$	11,123,314		
					
EXPENDITURES					
ADMINISTRATIVE/MAINTENANCE EXPENDITURES					
Supervisor Fees	1,800	5,000	5,000	Projected At Five Meetings Per Year	
Payroll Taxes (Employer)	138	400	400	Projected At 8% Of Supervisor Fees	
Engineering	0	5,000	5,000	No Change From 2024/2025 Budget	
Management Fee	43,452	44,748	46,044	CPI Adjustment	
Legal	83,312	70,000	70,000	FY 24/25 Expenditure Through Jan 25 Was $13,497	
Audit Fees	6,900	7,100	6,700	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	1,300	1,300	1,300	No Change From 2024/2025 Budget	
Insurance - Liability	55,330	62,000	62,000	FY 24/25 Expenditure Was $57,543	
Insurance - Garages	389,899	425,000	425,000	Insurance Estimate	
Legal Advertising	1,871	2,750	2,500	$250 Decrease From 2024/2025 Budget	
Bank Service Charges	356	500	500	No Change From 2024/2025 Budget	
Miscellaneous	410	2,500	2,250	$250 Decrease From 2024/2025 Budget	
Postage	103	250	250	No Change From 2024/2025 Budget	
Office Supplies	1,414	1,500	1,500	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	7,344	9,500	9,500	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Roadway & Sidewalk Maintenance	284,118	308,661	308,265	FY 24/25 Expenditure Through 2/28/25 Was $118,789	
Excess Revenue Payment to Palladium	0	204,000	1,000,000	Estimated to be $83,333.33 per month	
TOTAL ADMINISTRATIVE/MAINTENCE EXPENDITURES	$	880,922	$	1,153,384	$	1,949,384		
					
Palladium CDD Property					
MAINTENANCE EXPENDITURES	22/23 Actual				
Parking Expenses	2,005,802	2,125,000	2,125,000	No Change From 2024/2025 Budget	
Administrative	367,456	425,000	425,000	No Change From 2024/2025 Budget	
Payroll	1,375,123	1,483,500	1,483,500	No Change From 2024/2025 Budget	
Professional Fees	89,867	120,000	120,000	No Change From 2024/2025 Budget	
Sweeping and Cleaning	381,986	425,000	425,000	No Change From 2024/2025 Budget	
Utilities	341,924	400,000	400,000	No Change From 2024/2025 Budget	
Insurance	401,680	440,000	440,000	No Change From 2024/2025 Budget	
Landscaping And Irrigation	486,294	547,900	547,900	No Change From 2024/2025 Budget	
Contracted Services	53,530	80,000	80,000	No Change From 2024/2025 Budget	
Repairs & Maintenance	143,500	175,000	175,000	No Change From 2024/2025 Budget	
Security	1,170,896	1,250,000	1,250,000	No Change From 2024/2025 Budget	
Marketing	1,326,530	1,375,000	1,375,000	No Change From 2024/2025 Budget	
Management Fee	200,000	200,000	200,000	No Change From 2024/2025 Budget	
Plaza CDD Property					
Plaza Entertainment	0	100,000	100,000	No Change From 2024/2025 Budget	
Signage	19,214	27,530	27,530	No Change From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	8,363,802	$	9,173,930	$	9,173,930		
					
TOTAL EXPENDITURES	$	9,244,724	$	10,327,314	$	11,123,314		
					
REVENUES LESS EXPENDITURES	$	958,305	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	0	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	958,305	$	-	$	-		

Assessments (Administrative) Calculation
Total Assessment = $0 (Grossed Up For 4% Early Payment Discounts & 2% County Fees) Total Square Footage: 985,458 - Assessment Per Square Feet: $0.00

DETAILED FINAL DEBT SERVICE FUND (SERIES 2012) BUDGET
CITYPLACE 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	

Interest Income	
304,632	
500	
2,000	
Projected Interest For 2025/2026	

Tax Incremental Revenues	
5,360,279	
5,360,279	
0	
TIF Now Used To Make Series 2018 Payments	

Funding From 2012 Reserve Fund	
0	
0	
4,207,875	

Reserve Fund To Be Used To Make 2026 Payments	

Developer Contributions	
0	
0	
0	
TIF Projected To Be More Than P&I Payments	

Total Revenues	
$	5,664,911	
$	5,360,779	
$	4,209,875		

EXPENDITURES					

Principal Payments	
3,710,000	
3,905,000	
4,105,000	
Principal Payment Due In 2026	

Interest Payments	
586,000	
302,875	
102,625	
Interest Payments Due In 2026	

Excess Revenue Funds Payment	
1,433,509	
1,152,904	
2,250	

Estimated Excess Debt Collections Due To General Fund	

Total Expenditures	
$	5,729,509	
$	5,360,779	
$	4,209,875		

Excess/ (Shortfall)	
$	(64,598)	
$	-	
$	-		

Series 2012 Bond Refunding Information

Original Par Amount =	$39,890,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date = Maturity Date =	April 2012
May 2026			
Par Amount As Of 1/1/25 =	$8,010,000			

DETAILED FINAL DEBT SERVICE FUND (SERIES 2018) BUDGET
CITYPLACE 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	

Interest Income	
0	
0	
500	
Projected Interest For 2025/2026	

Tax Incremental Revenues	
0	
0	
5,735,491	
Projected 2026 TIF - 2025 TIF Was $5,735,491	

Developer Contributions	
0	
0	
0	
TIF Projected To Be More Than P&I Payments	

Total Revenues	
$	-	
$	-	
$	5,735,991		

EXPENDITURES					

Principal Payments	
0	
0	
1,730,000	
Principal Payment Due In 2026	

Interest Payments	
0	
0	
2,389,898	
Interest Payments Due In 2026	

Excess Revenue Funds Payment	
0	
0	
1,616,093	

Estimated Excess Debt Collections Due To General Fund	

Total Expenditures	
$	-	
$	-	
$	5,735,991		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Series 2018 Bond Principal & Interest Payments Will Commence In 2026 When Bond Converts In 2026, New Principal Amount Will Be $56,420,000

Series 2018 Bond Information
Original Par Amount =	$41,954,466	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.65% - 4.5%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	November 2018			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2046

$41,954,466