Del Webb Oak Creek Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
DEL WEBB OAK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O&M (Operation & Maintenance) Assessments	205,791	
Developer Contribution	0	
Debt Assessments	868,542	
Interest Income	480	
		
TOTAL REVENUES	$	1,074,813	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	37,080	
Legal	26,000	
Assessment Roll	5,000	
Audit Fees	4,400	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	3,500	
Miscellaneous	1,250	
Postage	250	
Office Supplies	1,250	
Dues & Subscriptions	175	
Website Management & ADA Compliance	3,000	
Trustee Fees	4,100	
Continuing Disclosure Fee	1,000	
Total Administrative Expenditures	$	93,655	
		
Maintenance Expenditures		
Engineering/Inspections	6,000	
Miscellaneous Maintenance	1,000	
Preserve Maintenance	75,000	
Lake Bank Maintenance	20,000	
Total Maintenance Expenditures	$	102,000	
		
Total O&M Expenditures	$	195,655	
		
REVENUES LESS EXPENDITURES	$	879,158	
		
Bond Payments	(823,737)	
		
BALANCE	$	55,421	
		
County Appraiser & Tax Collector Fee	(12,966)	
Discounts For Early Payments	(42,455)	
		
EXCESS/ (SHORTFALL)	$	-	

5/2/2024 7:59 AM	I

DETAILED FINAL BUDGET
DEL WEBB OAK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O&M (Operation & Maintenance) Assessments	0	205,802	205,791	Expenditures Less Interest/.94	
Developer Contribution	87,875	0	0		
Debt Assessments	0	868,542	868,542	Bond Payments/.9484	
Interest Income	481	240	480	Interest Projected At $40 Per Month	
					
TOTAL REVENUES	$	88,356	$	1,074,584	$	1,074,813		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	36,000	36,000	37,080	CPI Adjustment (Capped At 3%)	
Legal	19,209	29,000	26,000	Fiscal Year 2023/2024 Expenditure As Of 12/31/23 Is $2,134	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,200	4,300	4,400	Price Has Increased Due to Bond Issuance	
Arbitrage Rebate Fee	0	650	650	No Change From 2023/2024 Budget	
Insurance	5,000	6,000	6,000	Fiscal Year 2023/2024 Expenditure Was $5,375	
Legal Advertisements	4,544	4,000	3,500	$500 Decrease From 2023/2024 Budget	
Miscellaneous	206	1,500	1,250	$250 Decrease From 2023/2024 Budget	
Postage	437	200	250	$50 Increase From 2023/2024 Budget	
Office Supplies	643	1,500	1,250	$250 Decrease From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management & ADA Compliance	3,000	3,000	3,000	$250 X 12 Months	
Trustee Fees	0	4,100	4,100	No Change From 2023/2024 Budget	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2023/2024 Budget	
Total Administrative Expenditures	$	77,414	$	96,425	$	93,655		
					
Maintenance Expenditures					
Engineering/Inspections	8,893	3,000	6,000	$3,000 Increase From 2023/2024 Budget	
Miscellaneous Maintenance	0	1,000	1,000	No Change From 2023/2024 Budget	
Preserve Maintenance	0	75,000	75,000	No Change From 2023/2024 Budget	
Lake Bank Maintenance	0	20,000	20,000	No Change From 2023/2024 Budget	
Total Maintenance Expenditures	$	8,893	$	99,000	$	102,000		
					
Total O&M Expenditures	$	86,307	$	195,425	$	195,655		
					
REVENUES LESS EXPENDITURES	$	2,049	$	879,159	$	879,158		
					
Bond Payments	0	(823,737)	(823,737)	2025 Principal & Interest Payments	
					
BALANCE	$	2,049	$	55,422	$	55,421		
					
County Appraiser & Tax Collector Fee	0	(12,967)	(12,966)	
One Percent Of Total Assessment Roll + Per Parcel Collection Fee	
Discounts For Early Payments	0	(42,455)	(42,455)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	2,049	$	-	$	-		

5/2/2024 7:59 AM	II

DETAILED FINAL DEBT SERVICE FUND BUDGET
DEL WEBB OAK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
8,701	
100	
500	
Projected Interest For 2024/2025	

NAV Tax Collection	
0	
823,737	
823,737	
Maximum Debt Service Collection	

Bond Proceeds	
504,872	
0	
0		

Developer Contribution	
0	
0	
0		

Total Revenues	
$	513,573	
$	823,837	
$	824,237		

EXPENDITURES					

Principal Payments	
0	
195,000	
200,000	
Principal Payment Due In 2025	

Interest Payments	
93,003	
627,697	
619,550	
Interest Payment Due In 2025	

Bond Redemption	
0	
1,140	
4,687	
Estimated Excess Debt Collections	

Total Expenditures	
$	93,003	
$	823,837	
$	824,237		

Excess/ (Shortfall)	
$	420,570	
$	-	
$	-		

Note: Capital Interest Set-up Through May 2023 - Developer Was Direct Billed For November 2023 Interest Payment ($315,859).

Series 2023 Bond Information

Original Par Amount =	$12,585,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.125% - 5.25%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2023			
Maturity Date =	May 2053			

Par Amount As Of 1/1/24 =	$12,585,000

5/2/2024 7:59 AM	III

DEL WEBB OAK CREEK COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

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

O & M For 40' Garden Unit	
$	
-	

$	394.26	
$	
394.24	
Debt For 40' Garden Unit	$	-		 $	1,562.50	$	1,562.50	
Total For 40' Garden Unit	$	-	$	1,956.76	$	1,956.74	
O & M For 50' Classic Unit	$	-	$	394.26	$	394.24	
Debt For 50' Classic Unit	$	-		 $	1,666.67	$	1,666.67	
Total For 50' Classic Unit	$	-	$	2,060.93	$	2,060.91	
O & M For 65' Estate Unit	$	-	$	394.26	$	394.24	
Debt For 65' Estate Unit	$	-		 $	1,770.83	$	1,770.83	
Total For 65' Estate Unit	$	-	$	2,165.09	$	2,165.07	

* Assessments Include the Following: 4% Discount for Early Payments County Tax Collector Fee
County Property Appraiser Fee

Community Information: 40' Garden Units: 144
50' Classic Units: 248
65' Estate Units: 130
Total:	522 Units

5/2/2024 7:59 AM	IV