Hypoluxo/Haverhill 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

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	105,074	
Debt Assessments	99,827	
Other Revenues	0	
Interest Income	480	
		
TOTAL REVENUES	$	205,381	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering	3,000	
Management	29,400	
Secretarial	4,200	
Legal	8,000	
Assessment Roll	5,000	
Audit Fees	3,500	
Insurance	7,400	
Legal Advertisements	1,750	
Miscellaneous	650	
Postage	225	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,200	
Website Management	2,000	
Lake Maintenance (Tree Trimming)	25,000	
		
TOTAL EXPENDITURES	$	99,250	
		
REVENUES LESS EXPENDITURES	$	106,131	
		
Bond Payments	(93,837)	
		
BALANCE	$	12,294	
		
County Appraiser & Tax Collector Fee	(4,098)	
Discounts For Early Payments	(8,196)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Estimated Fund Balance As Of 9-30-25 is $10,000.

I

DETAILED FINAL BUDGET
HYPOLUXO/HAVERHILL 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	82,795	82,598	105,074	Expenditures Less Interest & Carryover/.94	
Debt Assessments	99,848	99,827	99,827	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	2,997	480	480	Projected At $40 Per Month	
					
TOTAL REVENUES	$	185,640	$	182,905	$	205,381		
					
EXPENDITURES					
Supervisor Fees	3,400	5,000	5,000	No Change From 2024/2025 Budget	
Payroll Taxes (Employer)	260	400	400	Projected At 8% Of Supervisor Fees	
Engineering	2,833	2,500	3,000	$500 Increase From 2024/2025 Budget	
Management	27,744	28,572	29,400	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	7,998	8,000	8,000	No Change From 2024/2025 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,700	3,800	3,500	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,200	7,400	Fiscal Year 2023/2024 Expediture Was $6,858	
Legal Advertisements	1,543	1,000	1,750	$750 Increase From 2024/2025 Budget	
Miscellaneous	239	650	650	No Change From 2024/2025 Budget	
Postage	64	225	225	No Change From 2024/2025 Budget	
Office Supplies	257	350	350	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,180	3,200	3,200	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Lake Maintenance (Tree Trimming)	39,654	10,000	25,000	$15,000 Increase From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	108,841	$	82,272	$	99,250		
					
REVENUES LESS EXPENDITURES	$	76,799	$	100,633	$	106,131		
					
Bond Payments	(95,112)	(93,837)	(93,837)	2026 Principal & Interest Payments	
					
BALANCE	$	(18,313)	$	6,796	$	12,294		
					
County Appraiser & Tax Collector Fee	(1,229)	(3,649)	(4,098)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(6,907)	(7,297)	(8,196)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(26,449)	$	(4,150)	$	-		
					
Carryover From Prior Year	0	4,150	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	(26,449)	$	-	$	-		

Note: Estimated Fund Balance As Of 9-30-25 is $10,000.

II

DETAILED FINAL DEBT SERVICE FUND BUDGET
HYPOLUXO/HAVERHILL 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	
4,766	
400	
750	
Projected Interest For 2025/2026	

NAV Tax Collection	
95,112	
93,837	
93,837	
Yearly Maximum Debt Assessment	

Total Revenues	
$	99,878	
$	94,237	
$	94,587		

EXPENDITURES					

Principal Payments	
70,000	
75,000	
75,000	
Principal Payment Due In 2026	

Interest Payments	
18,270	
15,561	
15,561	
Interest Payments Due In 2026	

Bond Redemption	
0	
3,676	
4,026	
Estimated Excess Debt Collections	

Total Expenditures	
$	88,270	
$	94,237	
$	94,587		

Excess/Shortfall	
$	11,608	
$	-	
$	-		

Series 2017 Bond Refunding Information

Original Par Amount =	$1,195,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.52% - 6.75%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	January 2017			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2033

$655,000			

III

Hypoluxo/Haverhill Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	2025/2026	
	Assessment*			Assessment* 	  Assessment*		  Assessment*			Projected Assessment*		

O & M

$	301.64	$

301.57	$

301.50	$

301.46	$

383.49

Debt

$	364.33

$	364.33

 $	364.33

 $	364.33

 $	364.33

Total

$	665.97	$

665.90	$

665.83	$

665.79	$

747.82

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	274

IV