Proposed Budget 2026-2027 Terreno
Community Development District
Proposed Budget For
Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027
CONTENTS
I PROPOSED BUDGET
II DETAILED PROPOSED BUDGET
III DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2023)
IV DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2025)
V ASSESSMENT COMPARISON
PROPOSED BUDGET
TERRENO COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027
FISCAL YEAR
2026/2027
REVENUES BUDGET
O&M (Operation & Maintenance) Assessments 452,146
Debt Assessments - Series 2023 562,254
Debt Assessments - Series 2025 601,878
Interest Income 1,500
TOTAL REVENUES 1,617,778$
EXPENDITURES
Administrative Expenditures
Supervisor Fees 1,000
Payroll Taxes (Employer)80
Management 39,168
Legal 25,000
Assessment Roll 5,000
Audit Fees 6,100
Arbitrage Rebate Fee 1,300
Insurance 7,100
Legal Advertisements 2,500
Miscellaneous 1,000
Postage 300
Office Supplies 1,200
Dues & Subscriptions 175
Website Management & ADA Compliance 3,000
Trustee Fees 8,500
Dissemination Services 3,500
Continuing Disclosure Fee 500
Total Administrative Expenditures 105,423$
Maintenance Expenditures
Engineering/Inspections 25,000
Miscellaneous Maintenance 2,000
Preserve Maintenance 150,000
Lake Bank Maintenance 50,000
Pipe Inspection/Cleaning 25,000
Special Projects 46,641
Total Maintenance Expenditures 298,641$
Total O&M Expenditures 404,064$
REVENUES LESS EXPENDITURES 1,213,714$
Bond Payments (Series 2023)(528,519)
Bond Payments (Series 2025)(565,765)
BALANCE 119,430$
County Appraiser Fee (23,886)
Tax Collector Fee (31,848)
Discounts For Early Payments (63,696)
EXCESS/ (SHORTFALL)-$
I
DETAILED PROPOSED BUDGET
TERRENO COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027
FISCAL YEAR FISCAL YEAR FISCAL YEAR
2024/2025 2025/2026 2026/2027
REVENUES ACTUAL BUDGET BUDGET COMMENTS
O&M (Operation & Maintenance) Assessments 217,291 452,157 452,146 Expenditures Less Interest/.94
Debt Assessments - Series 2023 562,309 562,254 562,254 Bond Payments/.94
Debt Assessments - Series 2025 0 601,878 601,878 Bond Payments/.94
Interest Income 10,351 1,200 1,500 Interest Projected At $125 Per Month
TOTAL REVENUES 789,951$ 1,617,489$ 1,617,778$
EXPENDITURES
Administrative Expenditures
Supervisor Fees 0 0 1,000 Supervisor Fees
Payroll Taxes (Employer) 0 0 80 Projected At 8% Of Supervisor Fees
Management 37,080 38,148 39,168 CPI Adjustment
Legal 12,175 27,250 25,000 $2,250 Decrease From 2025/2026 Budget
Assessment Roll 5,000 5,000 5,000 As Per Contract
Audit Fees 4,400 6,000 6,100 $100 Increase From 2025/2026 Budget
Arbitrage Rebate Fee 650 1,300 1,300 No Change From 2025/2026 Budget
Insurance 5,590 6,100 7,100 Fiscal Year 2025/2026 Expenditure Was $6,245
Legal Advertisements 4,966 2,900 2,500 $400 Decrease From 2025/2026 Budget
Miscellaneous 465 1,000 1,000 No Change From 2025/2026 Budget
Postage 308 250 300 $50 Increase From 2025/2026 Budget
Office Supplies 525 1,250 1,200 $50 Decrease From 2025/2026 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 4,246 8,500 8,500 No Change From 2025/2026 Budget
Dissemination Services 0 3,500 3,500 Required By Bond Underwriter
Continuing Disclosure Fee 500 1,000 500 $500 Decrease From 2025/2026 Budget
Total Administrative Expenditures 79,080$ 105,373$ 105,423$
Maintenance Expenditures
Engineering/Inspections 25,164 25,000 25,000 No Change From 2025/2026 Budget
Miscellaneous Maintenance 0 2,000 2,000 No Change From 2025/2026 Budget
Preserve Maintenance 75,000 150,000 150,000 No Change From 2025/2026 Budget
Lake Bank Maintenance 17,890 50,000 50,000 No Change From 2025/2026 Budget
Pipe Inspection/Cleaning 0 25,000 25,000 No Change From 2025/2026 Budget
Special Projects 0 46,402 46,641 Special Projects
Total Maintenance Expenditures 118,054$ 298,402$ 298,641$
Total O&M Expenditures 197,134$ 403,775$ 404,064$
REVENUES LESS EXPENDITURES 592,817$ 1,213,714$ 1,213,714$
Bond Payments (Series 2023) (530,360) (528,519) (528,519) 2027 Principal & Interest Payments
Bond Payments (Series 2025) 0 (565,765) (565,765) 2027 Principal & Interest Payments
BALANCE 62,457$ 119,430$ 119,430$
County Appraiser Fee (23,886) (23,886)One And One Half Percent Of Total Assessment Roll
Tax Collector Fee (6,742) (31,848) (31,848)Two Percent Of Total Assessment Roll
Discounts For Early Payments (29,220) (63,696) (63,696)Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) 26,495$ -$ -$
II
DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2023)
TERRENO COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027
FISCAL YEAR FISCAL YEAR FISCAL YEAR
2024/2025 2025/2026 2026/2027
REVENUES ACTUAL BUDGET BUDGET COMMENTS
Interest Income 23,939 1,200 1,500 Projected Interest For 2026/2027
NAV Tax Collection 530,360 528,519 528,519 Maximum Debt Service Collection
Total Revenues 554,299$ 529,719$ 530,019$
EXPENDITURES
Principal Payments 130,000 135,000 140,000 Principal Payment Due In 2027
Interest Payments 400,538 392,144 386,300 Interest Payment Due In 2027
Bond Redemption - 2,575 3,719 Estimated Excess Debt Collections
Total Expenditures 530,538$ 529,719$ 530,019$
Excess/ (Shortfall) 23,761$ -$ -$
Original Par Amount = $8,060,000 Annual Principal Payments Due = May 1st
Interest Rate = 4.25% - 5.25% Annual Interest Payments Due = May 1st & November 1st
Issue Date = February 2023
Maturity Date = May 2053
Par Amount As Of 1/1/26 = $7,805,000
Series 2023 Bond Information
III
DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2025)
TERRENO COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027
FISCAL YEAR FISCAL YEAR FISCAL YEAR
2024/2025 2025/2026 2026/2027
REVENUES ACTUAL BUDGET BUDGET COMMENTS
Interest Income 7,934 1,200 1,500 Projected Interest For 2026/2027
NAV Tax Collection 0 565,765 565,765 Maximum Debt Service Collection
Bond Proceeds 388,697 0 0
Developer Contribution 0 0 0
Total Revenues 396,631$ 566,965$ 567,265$
EXPENDITURES
Principal Payments 0 120,000 125,000 Principal Payment Due In 2027
Interest Payments 105,815 445,428 439,854 Interest Payment Due In 2027
Bond Redemption - 1,537 2,411 Estimated Excess Debt Collections
Total Expenditures 105,815$ 566,965$ 567,265$
Excess/ (Shortfall) 290,816$ -$ -$
Note: Capital Interest Set-up Through May 2025 - Developer Invoiced For November 2025 Interest Payment ($224,079).
Original Par Amount = $8,250,000 Annual Principal Payments Due = May 1st
Interest Rate = 4.55% - 5.65% Annual Interest Payments Due = May 1st & November 1st
Issue Date = February 2025
Maturity Date = May 2055
Par Amount As Of 1/1/26 = $8,250,000
Series 2025 Bond Information
IV
TERRENO COMMUNITY DEVELOPMENT DISTRICTASSESSMENT COMPARISONFiscal YearFiscal YearFiscal Year2024/20252025/20262026/2027Assessment*Assessment*Projected Assessment*2023 BondO & M For Single Family 42' Unit 659.14$ 659.13$ 659.12$ Debt For Single Family 42' Unit1,595.00$ 1,595.00$ 1,595.00$ Total For Single Family 42' Unit 2,254.14$ 2,254.13$ 2,254.12$ O & M For Single Family 52' Unit 659.14$ 659.13$ 659.12$ Debt For Single Family 52' Unit1,701.00$ 1,701.00$ 1,701.00$ Total For Single Family 52' Unit 2,360.14$ 2,360.13$ 2,360.12$ O & M For Single Family 66' Unit 659.14$ 659.13$ 659.12$ Debt For Single Family 66' Unit1,808.00$ 1,808.00$ 1,808.00$ Total For Single Family 66' Unit 2,467.14$ 2,467.13$ 2,467.12$ 2025 BondO & M For Single Family 42' Unit -$ 659.13$ 659.12$ Debt For Single Family 42' Unit-$ 1,595.36$ 1,595.36$ Total For Single Family 42' Unit -$ 2,254.49$ 2,254.48$ O & M For Single Family 52' Unit -$ 659.13$ 659.12$ Debt For Single Family 52' Unit-$ 1,701.72$ 1,701.72$ Total For Single Family 52' Unit -$ 2,360.85$ 2,360.84$ O & M For Single Family 66' Unit -$ 659.13$ 659.12$ Debt For Single Family 66' Unit-$ 1,808.08$ 1,808.08$ Total For Single Family 66' Unit -$ 2,467.21$ 2,467.20$ * Assessments Include the Following:Community Information:4% Discount for Early Payments Phase 1: 328 UnitsCounty Tax Collector Fee Phase 2: 358 UnitsCounty Property Appraiser Fee Total: 686 UnitsCommunity Information:Community Information:Phase 1Phase 2Single Family 42' Units: 96 Single Family 42' Units: 131Single Family 52' Units: 96 Single Family 52' Units: 165Single Family 66' Units: 136Single Family 66' Units: 62Total: 328 Units Total: 358 UnitsV