Village Walk Of Bonita Springs 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 (SERIES 2015)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2018)

ASSESSMENT COMPARISON

PROPOSED BUDGET
VILLAGE WALK OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2025/2026 BUDGET	
O & M ASSESSMENTS	100,052	
DEBT ASSESSMENTS - SERIES 2015	397,658	
DEBT ASSESSMENTS - SERIES 2018	600,785	
OTHER REVENUES	0	
INTEREST INCOME	1,800	
		
TOTAL REVENUES	$	1,100,295	
		
EXPENDITURES		
SUPERVISOR FEES	9,600	
PAYROLL TAXES	768	
ENGINEERING/MAINTENANCE	30,000	
SPECIAL PROJECTS	10,000	
MANAGEMENT	46,044	
SECRETARIAL	4,200	
LEGAL	10,500	
ASSESSMENT ROLL	10,000	
AUDIT FEES	4,100	
ARBITRAGE REBATE FEE - SERIES 2015	650	
ARBITRAGE REBATE FEE - SERIES 2018	650	
INSURANCE	7,800	
LEGAL ADVERTISING	2,700	
MISCELLANEOUS	1,075	
POSTAGE	450	
OFFICE SUPPLIES	675	
DUES & SUBSCRIPTIONS	175	
WEBSITE MANAGEMENT	2,000	
TRUSTEE FEES - SERIES 2015	4,400	
TRUSTEE FEES - SERIES 2018	3,800	
CONTINUING DISCLOSURE FEE	1,000	
		
TOTAL EXPENDITURES	$	150,587	
		
REVENUES LESS EXPENDITURES	$	949,708	
		
BOND PAYMENTS - SERIES 2015	(377,775)	
BOND PAYMENTS - SERIES 2018	(570,746)	
		
BALANCE	$	1,187	
		
COUNTY APPRAISER & TAX COLLECTOR ADMINISTRATIVE COSTS	(10,984)	
DISCOUNTS FOR EARLY PAYMENTS	(43,940)	
		
EXCESS/ (SHORTFALL)	$	(53,737)	
		
CARRYOVER FROM PRIOR YEAR	53,737	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Projected Available Funds Balance As Of 9-30-25 is $165,000

I

DETAILED PROPOSED BUDGET
VILLAGE WALK OF BONITA SPRINGS 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 ASSESSMENTS	103,262	100,052	100,052	Expenditures Less Interest & Carryover/.95	
DEBT ASSESSMENTS - SERIES 2015	397,659	397,658	397,658	Bond Payments/.95	
DEBT ASSESSMENTS - SERIES 2018	600,786	600,785	600,785	Bond Payments/.95	
OTHER REVENUES	0	0	0		
INTEREST INCOME	16,121	840	1,800	Interest Projected At $150 Per Month	
					
TOTAL REVENUES	$	1,117,828	$	1,099,335	$	1,100,295		
					
EXPENDITURES					
SUPERVISOR FEES	5,200	9,600	9,600	Supervisor Fees	
PAYROLL TAXES	398	768	768	Projected At 8% Of Supervisor Fees	
ENGINEERING/MAINTENANCE	12,785	30,000	30,000	No Change From 2024/2025 Budget	
SPECIAL PROJECTS	0	10,000	10,000	Special Projects	
MANAGEMENT	43,452	44,748	46,044	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	12,958	9,500	10,500	$1,000 Increase From 2024/2025 Budget	
ASSESSMENT ROLL	10,000	10,000	10,000	As Per Contract	
AUDIT FEES	3,900	4,000	4,100	$100 Increase From 2024/2025 Budget	
ARBITRAGE REBATE FEE - SERIES 2015	650	650	650	No Change From 2024/2025 Budget	
ARBITRAGE REBATE FEE - SERIES 2018	650	650	650	No Change From 2024/2025 Budget	
INSURANCE	6,925	7,300	7,800	FY 24/25 Expenditure Was $7,202	
LEGAL ADVERTISING	4,224	2,200	2,700	$500 Increase From 2024/2025 Budget	
MISCELLANEOUS	1,423	975	1,075	$100 Increase From 2024/2025 Budget	
POSTAGE	371	500	450	$50 Decrease From 2024/2025 Budget	
OFFICE SUPPLIES	784	675	675	No Change From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2024/2025 Budget	
TRUSTEE FEES - SERIES 2015	4,327	4,500	4,400	$100 Decrease From 2024/2025 Budget	
TRUSTEE FEES - SERIES 2018	3,709	3,900	3,800	$100 Decrease From 2024/2025 Budget	
CONTINUING DISCLOSURE FEE	1,000	1,000	1,000	No Change From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	119,131	$	147,341	$	150,587		
					
REVENUES LESS EXPENDITURES	$	998,697	$	951,994	$	949,708		
					
BOND PAYMENTS - SERIES 2015	(380,973)	(377,775)	(377,775)	2026 Principal & Iinterest Payments	
BOND PAYMENTS - SERIES 2018	(575,576)	(570,746)	(570,746)	2026 Principal & Iinterest Payments	
					
BALANCE	$	42,148	$	3,473	$	1,187		
					
COUNTY APPRAISER & TAX COLLECTOR ADMINISTRATIVE COSTS	(4,106)	(10,984)	(10,984)	One Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(41,416)	(43,940)	(43,940)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(3,374)	$	(51,451)	$	(53,737)		
					
CARRYOVER FROM PRIOR YEAR	0	51,451	53,737	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(3,374)	$	-	$	-		

Note: Projected Available Funds Balance As Of 9-30-25 is $165,000

3/18/2025 3:33 PM	II

DETAILED PROPOSED DEBT SERVICE (SERIES 2015) FUND BUDGET
VILLAGE WALK OF BONITA SPRINGS 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	
16,400	
500	
1,500	
Projected Interest For 2025/2026	

NAV Collection	
380,973	
377,775	
377,775	
Maximum Debt Service Collection	

Total Revenues	
$	397,373	
$	378,275	
$	379,275		

EXPENDITURES					

Principal Payments	
240,000	
245,000	
255,000	
Principal Payment Due In 2026	

Interest Payments	
132,769	
121,894	
114,234	
Interest Payments Due In 2026	

Bond Redemption	
0	
11,381	
10,041	

Estimated Excess Debt Collections	

Total Expenditures	
$	372,769	
$	378,275	
$	379,275		

Excess/ (Shortfall)	
$	24,604	
$	-	
$	-		

Series 2015 Bond Refunding Information
Original Par Amount =	$5,625,000	Annual Principal Payments Due =	May 1st	
Interest Rate =
Issue Date =	2.00% - 3.625%
January 2015	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2036			
Par Amount As Of 1/1/2025 =	$3,590,000			

3/18/2025 3:33 PM	III

DETAILED PROPOSED DEBT SERVICE (SERIES 2018) FUND BUDGET
VILLAGE WALK OF BONITA SPRINGS 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	
16,114	
500	
1,500	
Projected Interest For 2025/2026	

NAV Collection	
575,576	
570,746	
570,746	
Maximum Debt Service Collection	

Total Revenues	
$	591,690	
$	571,246	
$	572,246		

EXPENDITURES					

Principal Payments	
370,000	
382,000	
395,000	
Principal Payment Due In 2026	

Interest Payments	
206,018	
187,785	
175,159	
Interest Payments Due In 2026	

Bond Redemption	
0	
1,461	
2,087	
Estimated Excess Debt Collections	

Total Expenditures	
$	576,018	
$	571,246	
$	572,246		

Excess/ (Shortfall)	
$	15,672	
$	-	
$	-		

Series 2018 Bond Refunding Information
Original Par Amount =	$8,382,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.25% - 5.15%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	January 2018			
Maturity Date =

Par Amount As Of 1/1/2025 =	May 2037

$5,969,000			

3/18/2025 3:33 PM	IV

Village Walk Community Development District Assessment Comparison

Lot
	Size	
Phases I & 2	Fiscal Year 2022/2023
	Assessment*		Fiscal Year 2023/2024
	Assessment*		Fiscal Year 2024/2025
  Projected Assessment* 	Fiscal Year 2025/2026
	Projected Assessment*		
Townhome 26'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Cayman	Debt	$	494.57		$	494.57		$	494.57		$	494.57	
	Total	$	555.03		$	555.03		$	555.03		$	555.03	
Duplex 36'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Capri	Debt	$	494.57		$	494.57		$	494.57		$	494.57	
	Total	$	555.03		$	555.03		$	555.03		$	555.03	
Single Family 50'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Oakmont	Debt	$	581.92		$	581.92		$	581.92		$	581.92	
	Total	$	642.38		$	642.38		$	642.38		$	642.38	
Single Family 60'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Carlyle	Debt	$	669.25		$	669.25		$	669.25		$	669.25	
	Total	$	729.71		$	729.71		$	729.71		$	729.71	
Phases 3 & 4													
Townhome 26'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Cayman	Debt	$	541.00		$	541.00		$	541.00		$	541.00	
	Total	$	601.46		$	601.46		$	601.46		$	601.46	
Duplex 36'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Capri	Debt	$	541.00		$	541.00		$	541.00		$	541.00	
	Total	$	601.46		$	601.46		$	601.46		$	601.46	
Single Family 40'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Garden	Debt	$	611.00		$	611.00		$	611.00		$	611.00	
	Total	$	671.46		$	671.46		$	671.46		$	671.46	
Single Family 50'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Oakmont	Debt	$	636.00		$	636.00		$	636.00		$	636.00	
	Total	$	696.46		$	696.46		$	696.46		$	696.46	
Single Family 50'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Classic	Debt	$	719.00		$	719.00		$	719.00		$	719.00	
	Total	$	779.46		$	779.46		$	779.46		$	779.46	
Single Family 60'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Carlyle	Debt	$	732.00		$	732.00		$	732.00		$	732.00	
	Total	$	792.46		$	792.46		$	792.46		$	792.46	
Single Family 65'	O & M	$	60.46		$	60.46		$	60.46		$	60.46	
Estate	Debt	$	821.00		$	821.00		$	821.00		$	821.00	
	Total	$	881.46		$	881.46		$	881.46		$	881.46	

* Assessments Include the Following :	
4% Discount for Early Payments
1% County Tax Collector Costs/Property Appraiser Costs

 Community Information:	
Phase I
	No. of Units		
	Type		
	Name		Maximum Annual
	Debt Assessment		
  Bond Prepayments 	
126	Townhome	Cayman	$	494.57	1	
356	Duplex	Capri/Carrington	$	494.57	4	
195	SF	Oakmont	$	581.92	1	
	73		SF	Carlyle	$	669.25		0		
750				6	

Phase II
	No. of Units		

	Type		

	Name		
Maximum Annual
	Debt Assessment		

  Bond Prepayments 	
Lot
	Differential Prepayment*		
112	Townhouse	Cayman	$	541	0	0	
76	Duplex	Capri/Carrington	$	541	0	0	
307	SF	Garden	$	611	0	(133)	
127	SF	Oakmont	$	636	0	(10)	
215	SF	Classic	$	719	0	64	
33	SF	Carlyle	$	732	0	0	
	74		SF	Estate	$	821		0			40		
944				0	-39	

* Developer made Bond Prepayment in November 2015 for 39 lot differential (143 Units replaced with 104 Units)

Phase 1	750
	Phase 2	905	
Total Units	1655

3/18/2025 3:33 PM	V