Seagrove 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 2024

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

I

10/16/2025 4:27 PM

$31,004

($7,282)

$23,722

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

O&M Assessments

0

0

0

Developer Contribution - O&M

103,035

68,683

68,683

Developer Contribution - Debt

1,038,883

647,073

647,073

Debt Assessments

0

0

0

Interest Income

240

1,400

1,350

TOTAL REVENUES

$	1,142,158

$	717,156

$	717,106

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

Management

36,000

36,000

36,000

Legal

30,000

12,000

8,235

Assessment Roll

7,500

7,500

7,500

Audit Fees

4,000

4,400

4,400

Arbitrage Rebate Fee

650

650

0

Insurance

5,500

5,200

5,200

Legal Advertisements

6,000

1,500

565

Miscellaneous

1,500

500

20

Postage

200

140

128

Office Supplies

2,250

300

222

Dues & Subscriptions

175

175

175

Trustee Fees

4,500

4,500

4,246

Continuing Disclosure Fee

1,000

500

500

Total Administrative Expenditures

$	99,275

$	73,365

$	67,191

Maintenance Expenditures

Engineering/Inspections

2,000

3,000

1,855

Miscellaneous Maintenance

2,000

1,000

0

Field Operations

0

0

0

Total Maintenance Expenditures

$	4,000

$	4,000

$	1,855

TOTAL EXPENDITURES

$	103,275

$	77,365

$	69,046

REVENUES LESS EXPENDITURES

$	1,038,883

$	639,791

$	648,060

Bond Payments

(1,038,883)

(647,073)

(647,073)

BALANCE

$	-

$	(7,282)

$	987

County Appraiser & Tax Collector Fee

0

0

0

Discounts For Early Payments

0

0

0

EXCESS/ (SHORTFALL)

$	-

$	(7,282)

$	987

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

Notes
Reserve Fund Balance = $519,541*. Interest Account Balance = $4,288*. 12/15/2025 Interest Payment Of $391,638 To Be Developer Funded.
Capitalized Interest Was Set-Up Through December 2024.
* Approximate Amounts

Series 2024 Bond Information

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

$16,000,000 4.25% - 5.2%
August 2024
June 2054

Annual Principal Payments Due: June 15th
Annual Interest Payments Due:
June 15th & December 15th

Par Amount As Of 9/30/25 =

$15,750,000

II

$773,585

($249,756)

$523,829

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

25,000

24,932

Bond Proceeds (Debt Service)

0

0

0

NAV Assessment Collection

0

0

0

Other Revenue

0

729

729

Developer Contribution - Debt

1,038,833

647,073

647,073

Total Revenues

$	1,038,833

$	672,802

$	672,734

EXPENDITURES

Principal Payments

250,000

250,000

250,000

Interest Payments

788,833

650,558

650,558

Bond Redemption

0

0

0

Transfer To Construction Account

0

22,000

20,925

Total Expenditures

$	1,038,833

$	922,558

$	921,483

Excess/ (Shortfall)

$	-

$	(249,756)

$	(248,749)