Title: TNO Final Budget 2026-2027.xlsx
Author: JWalker

Terreno
Community Development District

Final Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2023)

IV

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2025)

V

ASSESSMENT COMPARISON

FINAL BUDGET
TERRENO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 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)

$	-

DETAILED FINAL BUDGET
TERRENO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 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

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2023)
TERRENO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2023 Bond Information

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

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 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

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2025)
TERRENO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Note: Capital Interest Set-up Through May 2025 - Developer Invoiced For November 2025 Interest Payment ($224,079).

Series 2025 Bond Information

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

IV

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 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

$	-

$	-

TERRENO COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
 Projected Assessment* 

2023 Bond
O & M For Single Family 42' Unit Debt For Single Family 42' Unit
Total For Single Family 42' Unit

$
$

659.14
1,595.00

$
$

659.13
1,595.00

$
$

659.12
1,595.00

$

2,254.14

$

2,254.13

$

2,254.12

O & M For Single Family 52' Unit Debt For Single Family 52' Unit
Total For Single Family 52' Unit

$
$

659.14
1,701.00

$
$

659.13
1,701.00

$
$

659.12
1,701.00

$

2,360.14

$

2,360.13

$

2,360.12

O & M For Single Family 66' Unit Debt For Single Family 66' Unit
Total For Single Family 66' Unit

$
$

659.14
1,808.00

$
$

659.13
1,808.00

$
$

659.12
1,808.00

$

2,467.14

$

2,467.13

$

2,467.12

2025 Bond
O & M For Single Family 42' Unit Debt For Single Family 42' Unit
Total For Single Family 42' Unit

$
$

-
-

$
$

659.13
1,595.36

$
$

659.12
1,595.36

$

-

$

2,254.49

$

2,254.48

O & M For Single Family 52' Unit Debt For Single Family 52' Unit
Total For Single Family 52' Unit

$
$

-
-

$
$

659.13
1,701.72

$
$

659.12
1,701.72

$

-

$

2,360.85

$

2,360.84

O & M For Single Family 66' Unit Debt For Single Family 66' Unit
Total For Single Family 66' Unit

$
$

-
-

$
$

659.13
1,808.08

$
$

659.12
1,808.08

$

-

$

2,467.21

$

2,467.20

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

Community Information: Phase 1: 328 Units
	Phase 2: 358 Units	
Total: 686 Units

Community Information: Phase 1
Single Family 42' Units: 96
Single Family 52' Units: 96
Single Family 66' Units: 136

Community Information: Phase 2
Single Family 42' Units: 131
Single Family 52' Units: 165
Single Family 66' Units: 62

Total:

328 Units

Total:

358 Units

V