City Place Community Development District

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

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2012

III

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2018

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

Note
Maintenance (Non-Management) Line Items Are Allocated At 150 Percent Of Fiscal Year 2024/2025 Budget.

I

$1,906,180

($1,258,758)

$647,422

Fund Balance As Of 9/30/2024

FY 2024/2025 Activity

Fund Balance As Of 9/30/2025

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 - 9/29/25

Assessments - Administrative

0

0

0

Excess Revenue Funds

1,152,904

1,776,043

1,776,043

Assessments - Maintenance

3,043,770

4,465,655

0

Parking Revenue

6,045,160

9,067,740

0

Rental Income

85,000

127,500

0

Other Revenue - Easement Sale

0

2,487,500

2,487,500

Developer Contribution

0

450,000

0

Interest Income

480

1,150

1,124

TOTAL REVENUES

$	10,327,314

$	18,375,588

$	4,264,667

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

2,000

2,000

Payroll Taxes - Employer

400

234

234

Engineering

5,000

1,000

0

Management Fee

44,748

44,748

44,748

Legal

70,000

104,948

104,948

Audit Fees

7,100

6,600

6,600

Arbitrage Rebate Fee

1,300

1,300

1,300

Insurance - Liability

62,000

57,543

57,543

Insurance - Garages

425,000

469,802

169,802

Legal Advertising

2,750

1,750

1,723

Bank Service Charges

500

500

340

Miscellanous

2,500

1,000

422

Postage

250

75

50

Office Supplies

1,500

1,750

1,646

Dues & Subscriptions

175

175

175

Trustee Fees

9,500

6,602

6,602

Continuing Disclosure Fee

1,000

1,000

1,000

Website Management

2,000

2,000

2,000

Roadway & Sidewalk Maintenance

308,661

282,924

282,924

Capital Outlay

0

2,487,500

2,487,500

Excess Revenue Payment to Palladium

204,000

2,500,000

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	1,153,384

$	5,973,451

$	3,171,557

MAINTENANCE EXPENDITURES

Palladium CDD Property

Parking Expense

2,125,000

3,187,500

0

Administrative

425,000

637,500

0

Payroll

1,483,500

2,225,250

0

Professional Fees

120,000

180,000

0

Sweeping and Cleaning

425,000

637,500

0

Utilities

400,000

600,000

0

Insurance

440,000

660,000

0

Landscaping & Irrigation

547,900

821,850

0

Contracted Services

80,000

120,000

0

Repairs & Maintenance

175,000

262,500

0

Security

1,250,000

1,875,000

0

Marketing

1,375,000

2,062,500

0

Management Fee

200,000

200,000

0

Plaza CDD Property

0

0

Plaza Entertainment

100,000

150,000

0

Signage

27,530

41,295

0

TOTAL MAINTENANCE EXPENDITURES

$	9,173,930

$	13,660,895

$	-

TOTAL EXPENDITURES

$	10,327,314

$	19,634,346

$	3,171,557

EXCESS/ (SHORTFALL)

$	-

$	(1,258,758)

$	1,093,110

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2012
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $4,207,875*. Revenue Fund Balance = $153,131*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $102,625.
* Approximate Amounts

Series 2012 Refunding Bonds Information

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

$39,890,000 5.00%
April 2012
May 2026

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$4,105,000

II

$4,487,044

($126,038)

$4,361,006

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 - 9/29/25

Interest Income

500

245,600

245,527

Tax Incremental Revenues

5,360,279

5,735,491

5,735,491

Tax Coverage Revenues

0

3,435,677

3,435,677

Developer Contributions

0

0

0

Total Revenues

$	5,360,779

$	9,416,768

$	9,416,695

EXPENDITURES

Principal Payments (2012)

3,905,000

3,905,000

3,905,000

Interest Payments (2012)

302,875

400,500

400,500

Bond Redemption

0

0

0

Excess Coverage Revenues Fund Payment

0

3,461,263

3,461,263

Excess Revenue Fund Payment

1,152,904

1,776,043

1,776,043

Total Expenditures

$	5,360,779

$	9,542,806

$	9,542,806

Excess/ (Shortfall)

$	-

$	(126,038)

$	(126,111)

AMENDED FINAL BUDGET
CITY PLACE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2018
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $1
Fiscal Year 2018/2019 Capital Projects Fund Proceeds = $41,954,466 Fiscal Year 2018/2019 Capital Outlays = $19,381,594
Fiscal Year 2019/2020 Capital Outlays = $16,473,676 Fiscal Year 2020/2021 Capital Outlays = $3,106,925 Fiscal Year 2021/2022 Capital Outlays = $406,633
Fiscal Years 2022/2023 - 2024/2025 Capital Outlays = $1,240,210
* Approximate Amount

Series 2018 Bond Principal & Interest Payments Will Commence In 2026

Series 2018 Bond Information
Original Par Amount =

$41,954,466 3.65% - 4.5%
November 2018
May 2046

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Interest Rate = Issue Date = Maturity Date =

Par Amount As Of 9/30/25 =

$41,954,466

Note: Total Series 2018 Bond (Including Compounded Interest) = $56,420,000.

III

$0

$0

$0

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 - 9/29/25

Interest Income

0

0

0

Tax Incremental Revenues

0

0

0

Tax Coverage Revenues

0

0

0

Developer Contributions

0

0

0

Total Revenues

$	-

$	-

$	-

EXPENDITURES

Principal Payments (2018)

0

0

0

Interest Payments (2018)

0

0

0

Bond Redemption

0

0

0

Excess Coverage Revenues Fund Payment

0

0

0

Excess Revenue Fund Payment

0

0

0

Total Expenditures

$	-

$	-

$	-

Excess/ (Shortfall)

$	-

$	-

$	-