Del Webb Oak Creek Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (2023 BOND)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (2025 BOND)

ASSESSMENT COMPARISON

PROPOSED BUDGET
DEL WEBB OAK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M (Operation & Maintenance) Assessments	370,951	
Debt Assessments (2023)	865,120	
Debt Assessments (2025)	0	
Interest Income	1,440	
TOTAL REVENUES	$	1,237,511	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	38,148	
Legal	26,000	
Assessment Roll	5,000	
Audit Fees	6,500	
Arbitrage Rebate Fee	1,300	
Insurance	7,000	
Legal Advertisements	3,500	
Miscellaneous	6,232	
Postage	300	
Office Supplies	1,000	
Dues & Subscriptions	175	
Website Management & ADA Compliance	3,000	
Trustee Fees	8,600	
Dissemination Services	3,500	
Continuing Disclosure Fee	2,000	
Total Administrative Expenditures	$	112,255	
		
Maintenance Expenditures		
Engineering/Inspections	50,000	
Miscellaneous Maintenance	56,000	
Preserve Maintenance	75,000	
Lake Bank Maintenance	60,000	
Total Maintenance Expenditures	$	241,000	
		
Total O&M Expenditures	$	353,255	
		
REVENUES LESS EXPENDITURES	$	884,256	
		
Bond Payments - Series 2023	(820,492)	
Bond Payments - Series 2025	0	
		
BALANCE	$	63,764	
		
County Appraiser & Tax Collector Fee	(14,918)	
Discounts For Early Payments	(48,846)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
DEL WEBB OAK CREEK 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 (Operation & Maintenance) Assessments	200,208	205,791	370,951	Expenditures Less Interest & Carryover/.9484	
Debt Assessments (2023)	1,155,654	868,542	865,120	Bond Payments/.9484	
Debt Assessments (2025)	0	0	0	Bond Payments/.9484	
Interest Income	11,175	480	1,440	Interest Projected At $120 Per Month	
TOTAL REVENUES	$	1,367,037	$	1,074,813	$	1,237,511		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	36,000	37,080	38,148	CPI Adjustment	
Legal	12,994	26,000	26,000	No Change From 2024/2025 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	4,300	4,400	6,500	Increased Due To Second Bond	
Arbitrage Rebate Fee	650	650	1,300	Increased Due To Second Bond	
Insurance	5,375	6,000	7,000	Insurance Estimate	
Legal Advertisements	1,634	3,500	3,500	No Change From 2024/2025 Budget	
Miscellaneous	261	1,250	6,232	Administrative Contingency	
Postage	283	250	300	$50 Increase From 2024/2025 Budget	
Office Supplies	283	1,250	1,000	$250 Decrease From 2024/2025 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	4,247	4,100	8,600	Increased Due To Second Bond	
Dissemination Services	0	0	3,500	Required By Bond Underwriter	
Continuing Disclosure Fee	1,000	1,000	2,000	Increased Due To Second Bond	
Total Administrative Expenditures	$	75,202	$	93,655	$	112,255		
					
Maintenance Expenditures					
Engineering/Inspections	20,412	6,000	50,000	$44,000 Increase From 2024/2025 Budget	
Miscellaneous Maintenance	0	1,000	56,000	Maintenance Contingency	
Preserve Maintenance	0	75,000	75,000	No Change From 2024/2025 Budget	
Lake Bank Maintenance	0	20,000	60,000	$40,000 Increase From 2024/2025 Budget	
Total Maintenance Expenditures	$	20,412	$	102,000	$	241,000		
					
Total O&M Expenditures	$	95,614	$	195,655	$	353,255		
					
REVENUES LESS EXPENDITURES	$	1,271,423	$	879,158	$	884,256		
					
Bond Payments - Series 2023	(1,140,165)	(823,737)	(820,492)	2026 Principal & Interest Payments	
Bond Payments - Series 2025	0	0	0	2026 Principal & Interest Payments	
					
BALANCE	$	131,258	$	55,421	$	63,764		
					
County Appraiser & Tax Collector Fee	(572)	(12,966)	(14,918)	
One Percent Of Total Assessment Roll + Per Parcel Collection Fee	
Discounts For Early Payments	(18,712)	(42,455)	(48,846)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	111,974	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	111,974	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2023)
DEL WEBB OAK CREEK 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	
43,003	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
374,182	
823,737	
820,492	
Maximum Debt Service Collection	

Debt - Direct Bill	
765,982	
0	
0		

Total Revenues	
$	1,183,167	
$	824,237	
$	821,492		

EXPENDITURES					

Principal Payments	
0	
200,000	
210,000	
Principal Payment Due In 2026	

Interest Payments	
0	
619,550	
610,094	
Interest Payment Due In 2026	

Bond Redemption	
0	
4,687	
1,398	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	824,237	
$	821,492		

Excess/ (Shortfall)	
$	1,183,167	
$	-	
$	-		

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 1/1/25 =	$12,390,000

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2025)
DEL WEBB OAK CREEK 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	
0	
0	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
0	
0	
0	
Estimated Maximum Debt Service Collection	

Debt - Direct Bill/Capitalized Interest Funding	
0	
0	
499,000	

Will Either Be Developer Funded Or Capitalized Interest Funded	

Total Revenues	
$	-	
$	-	
$	500,000		

EXPENDITURES					

Principal Payments	
0	
0	
0	
Estimated Principal Payment Due In 2026	

Interest Payments	
0	
0	
500,000	
Estimated Interest Payment Due In 2026	

Bond Redemption	
0	
0	
0	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	500,000		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Series 2025 Bond Information

Original Par Amount =	TBD	Annual Principal Payments Due =	May 1st	
Interest Rate =	TBD	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	2025			
Maturity Date =	2056 (Estimated)			

Par Amount As Of 1/1/26 =	TBD

DEL WEBB OAK CREEK COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

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

O & M For 40' Garden Unit	$	394.26	$	394.24	$	394.22	
Debt (2023) For 40' Garden Unit	$	1,562.50	$	1,562.50	$	1,562.50	
Total For 40' Garden Unit (2023 Bond)	$	1,956.76	$	1,956.74	$	1,956.72	
O & M For 50' Classic Unit	$	394.26	$	394.24	$	394.22	
Debt (2023) For 50' Classic Unit	$	1,666.67	$	1,666.67	$	1,666.67	
Total For 50' Classic Unit (2023 Bond)	$	2,060.93	$	2,060.91	$	2,060.89	
O & M For 65' Estate Unit	$	394.26	$	394.24	$	394.22	
Debt (2023) For 65' Estate Unit	$	1,770.83	$	1,770.83	$	1,770.83	
Total For 65' Estate Unit (2023 Bond)	$	2,165.09	$	2,165.07	$	2,165.05	
O & M For 40'/45' Units	$	-	$	-	$	394.22	
Debt (2025) For 40'/45' Units	$	- 	$	- 	$	-	
Total For 40'/45' Units (2025 Bond)	$	-	$	-	$	394.22	
O & M For 50' Units	$	-	$	-	$	394.22	
Debt (2025) For 50' Units	$	- 	$	- 	$	-	
Total For 50' Units (2025 Bond)	$	-	$	-	$	394.22	
O & M For 64' Units	$	-	$	-	$	394.22	
Debt (2025) For 64' Units	$	- 	$	- 	$	-	
Total For 64' Units (2025 Bond)	$	-	$	-	$	394.22	
* Assessments Include the Following:			
4% Discount for Early Payments			
County Tax Collector Fee			
County Property Appraiser Fee			
Community Information (2023 Bond - Phases 1 and 2):	50' Classic Information		Total Units			
40' Garden Units: 144	Total Units: 248	2023 Bond: 522		
50' Classic Units: 248	Less Prepayments: 1 	2025 Bond: 419			
65' Estate Units: 130	Billed For Debt: 247	Total Units: 941		
Total:	522 Units			
	Current Totals For		
65' Estate Units Information		2025 Bond			
Total Units: 130	40'/45 Single Family Units: 103		
Less Prepayments: 1	50' Single Family Units: 218		
Billed For Debt: 129	64' Single Family Units: 98
Total:	419 Units