Terreno
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

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

$140,347

($3,091)

$137,256

Fund Balance As Of 9/30/2024

Projected FY 2024/2025 Activity

Fund Balance As Of 9/30/2025

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

216,212

217,291

217,291

O&M Assessments - Direct Bill

0

0

0

Debt Assessments - Series 2023

562,254

562,309

562,309

Debt Assessments - Direct Bill

0

0

0

Interest Income

480

9,950

9,842

Total Revenues

$	778,946

$	789,550

$	789,442

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

Management

37,080

37,080

37,080

Legal

27,250

16,000

11,105

Assessment Roll

5,000

5,000

5,000

Audit Fees

4,400

4,400

4,400

Arbitrage Rebate Fee

650

650

650

Insurance

5,900

5,590

5,590

Legal Advertisements

2,900

7,000

4,966

Miscellaneous

1,000

1,000

465

Postage

200

325

308

Office Supplies

1,250

600

525

Dues & Subscriptions

175

175

175

Website Management & ADA Compliance

3,000

3,000

3,000

Trustee Fees

4,100

4,246

4,246

Continuing Disclosure Fee

1,000

500

500

Total Administrative Expenditures

$	93,905

$	85,566

$	78,010

Maintenance Expenditures

Engineering/Inspections

3,000

26,500

23,169

Miscellaneous Maintenance

1,000

1,000

0

Preserve Maintenance

75,000

85,000

0

Lake Bank Maintenance

20,000

20,000

17,890

Total Maintenance Expenditures

$	99,000

$	132,500

$	41,059

Total Expenditures

$	192,905

$	218,066

$	119,069

REVENUES LESS EXPENDITURES

$	586,041

$	571,484

$	670,373

Bond Payments - Series 2023

(528,519)

(530,360)

(530,360)

BALANCE

$	57,522

$	41,124

$	140,013

County Appraiser Fee & Tax Collector Fee

(26,843)

(14,995)

(14,995)

Discounts For Early Payments

(30,679)

(29,220)

(29,220)

EXCESS/ (SHORTFALL)

$	-

$	(3,091)

$	95,798

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	(3,091)

$	95,798

AMENDED FINAL BUDGET
TERRENO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2023
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $264,259*. Revenue Account Balance = $256,935*
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $197,506.
* Approximate Amounts

Series 2023 Bond Information

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

$8,060,000 4.25% - 5.25%
February 2023
May 2053

Annual Principal Payments Due: May 1st
Annual Interest Payments Due:
November 1st

Par Amount As Of 9/30/25 =

$7,805,000

II

$499,172

$22,022

$521,194

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

400

22,200

22,067

NAV Assessment Collection

528,519

530,360

530,360

Total Revenues

$	528,919

$	552,560

$	552,426

EXPENDITURES

Principal Payments

130,000

130,000

130,000

Interest Payments

397,775

400,538

400,538

Bond Redemption

1,144

0

0

Total Expenditures

$	528,919

$	530,538

$	530,538

Excess/ (Shortfall)

$	-

$	22,022

$	21,889

AMENDED FINAL BUDGET
TERRENO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2023
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $282,883*. Revenue Account Balance = $7,078* 11/1/2025 Interest Payment Of $224,079 To Be Developer Funded.
Capitalized Interest Was Set-Up Through May 2025.
Capital Projects Bond Proceeds = $7,861,303. Total Bond Proceeds = $8,250,000. FY 2024/2025 Cost Of Issuance = $366,075.
Fiscal Year 2024/2025 Capital Outlay = $7,553,516*.
* Approximate Amounts

Series 2025 Bond Information

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

$8,250,000 4.55% - 5.65%
February 2025
May 2055

Annual Principal Payments Due: May 1st
Annual Interest Payments Due:
November 1st

Par Amount As Of 9/30/25 =

$8,250,000

III

$0

$289,960

$289,960

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

6,900

6,890

Bond Proceeds (2025)

0

388,697

388,697

Transfer from Construction (2025)

0

178

178

Total Revenues

$	-

$	395,775

$	395,765

EXPENDITURES

Principal Payments

0

0

0

Interest Payments

0

105,815

105,815

Bond Redemption

0

0

0

Total Expenditures

$	-

$	105,815

$	105,815

Excess/ (Shortfall)

$	-

$	289,960

$	289,950