Tree Island Estates 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
TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	76,754	
Maintenance Assessments	43,596	
Debt Assessments	124,424	
Other Revenues	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	245,974	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Employer Taxes - Payroll	400	
Management	28,824	
Secretarial	3,900	
Legal	9,250	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	7,700	
Legal Advertisements	2,100	
Miscellaneous	1,000	
Postage	250	
Office Supplies	450	
Website	750	
Dues & Subscriptions	175	
Trustee Fee	3,600	
Continuing Disclosure Fee	350	
TOTAL ADMINISTRATIVE EXPENDITURES	$	73,349	

MAINTENANCE EXPENDITURES		
Aquatic Maintenance	3,500	
Lawn/Landscape Maintenance	25,000	
Preserve Maintenance	16,000	
Maintenance Contingency	5,500	
Irrigation System Maintenance	2,860	
Entrance Feature	1,000	
Storm Drainage/Class V Permit	3,500	
Security Camera Maintenance/Internet	7,000	
Engineering/Inspections	2,500	
TOTAL MAINTENANCE EXPENDITURES	$	66,860	
		
TOTAL EXPENDITURES	$	140,209	
		
REVENUES LESS EXPENDITURES	$	105,765	
		
Bond Payments	(116,959)	
		
Balance	$	(11,194)	
		
County Appraiser & Tax Collector Fee	(4,895)	
Discounts For Early Payments	(9,791)	
		
EXCESS/ (SHORTFALL)	$	(25,880)	
		
Carryover From Prior Year	25,880	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED FINAL BUDGET
TREE ISLAND ESTATES 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	
Administrative Assessments	75,689	75,580	76,754	Expenditures Less Interest/.94	
Maintenance Assessments	46,381	44,782	43,596	Expenditures Less Carryover/.94	
Debt Assessments	124,424	124,424	124,424	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	9,865	600	1,200	Estimated At $100 Per Month	
					
TOTAL REVENUES	$	256,359	$	245,386	$	245,974		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,400	5,000	5,000	No Change From 2024/2025 Budget	
Employer Taxes - Payroll	184	400	400	Projected At 8% Of Supervisor Fees	
Management	27,204	28,020	28,824	CPI Adjustment	
Secretarial	3,900	3,900	3,900	No Change From 2024/2025 Budget	
Legal	7,160	9,250	9,250	No Change From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	No Change From 2024/2025 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,862	6,900	7,700	Fiscal Year 2024/2025 Expenditure Was $7,321	
Legal Advertisements	1,857	2,000	2,100	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	724	1,050	1,000	$50 Decrease From 2024/2025 Budget	
Postage	154	250	250	No Change From 2024/2025 Budget	
Office Supplies	198	500	450	$50 Decrease From 2024/2025 Budget	
Website	750	750	750	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,548	3,600	3,600	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	64,866	$	71,645	$	73,349		

MAINTENANCE EXPENDITURES					
Aquatic Maintenance	3,136	3,500	3,500	No Change From 2024/2025 Budget	
Lawn/Landscape Maintenance	27,704	19,000	25,000	$6,000 Increase From 2024/2025 Budget	
Preserve Maintenance	17,196	16,000	16,000	No Change From 2024/2025 Budget	
Maintenance Contingency	15,358	5,500	5,500	No Change From 2024/2025 Budget	
Irrigation System Maintenance	0	2,860	2,860	No Change From 2024/2025 Budget	
Entrance Feature	0	1,000	1,000	No Change From 2024/2025 Budget	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Security Camera Maintenance/Internet	24,468	7,000	7,000	No Change From 2024/2025 Budget	
Engineering/Inspections	1,100	2,500	2,500	No Change From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	88,962	$	57,360	$	66,860		
					
TOTAL EXPENDITURES	$	153,828	$	129,005	$	140,209		
					
REVENUES LESS EXPENDITURES	$	102,531	$	116,381	$	105,765		
					
Bond Payments	(118,629)	(116,959)	(116,959)	2026 Principal & Interest Payments	
					
Balance	$	(16,098)	$	(578)	$	(11,194)		
					
County Appraiser & Tax Collector Fee	(2,371)	(4,896)	(4,895)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(9,044)	(9,791)	(9,791)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(27,513)	$	(15,265)	$	(25,880)		
					
Carryover From Prior Year	0	15,265	25,880	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(27,513)	$	-	$	-		

II

DETAILED FINAL DEBT SERVICE BUDGET
TREE ISLAND ESTATES 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	
1,429	
400	
400	
Projected Interest For 2025/2026	

NAV Tax Collection	
118,629	
116,959	
116,959	
Maximum Debt Service Collection	

Total Revenues	
$	120,058	
$	117,359	
$	117,359		

EXPENDITURES					

Principal Payments	
64,000	
68,000	
68,000	
Principal Payment Due In 2026	

Interest Payments	
53,230	
48,564	
48,564	
Interest Payments Due In 2026	

Bond Redemption	
0	
795	
795	
Estimated Excess Debt Collections	

Total Expenditures	
$	117,230	
$	117,359	
$	117,359		

Excess/ (Shortfall)	
$	2,828	
$	-	
$	-		

Series 2023 Bond Modification Information
Original Par Amount =	$953,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.68%	Annual Interest Payments Due =	May 1st & November 1st	
Modification Date =	May 2023			
Maturity Date =
Par Amount As Of 1/1/25 =	May 2034
$889,000			

III

Tree Island Estates CDD Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative	$	240.95	$	270.06	$	275.85	$	280.13	
Maintenance	$	199.42	$	169.28	$	163.45	$	159.11	
Debt	$	453.08	$	454.11	$	454.11	$	454.11	
Total	$	893.45	$	893.45	$	893.41	$	893.35	

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