HILLCREST COMMUNITY DEVELOPMENT
DISTRICT

BROWARD COUNTY REGULAR BOARD MEETING MAY 15, 2025
8:30 A.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193
www.hillcrestcdd.org 786.347.2700 ext. 2027 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
HILLCREST COMMUNITY DEVELOPMENT DISTRICT
Parkview at Hillcrest Clubhouse 4500 Hillcrest Drive
Hollywood, Florida 33021 REGULAR BOARD MEETING May 15, 2025
8:30 A.M.

Call to Order
Proof of Publication	Page 1
Establish a Quorum
Appointment of Officer to Vacant Seat (Seat 3, Term Exp. 2028)
Administer Oath of Office and Review New Board Member Duties and Responsibilities
Election of Officers
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 20, 2025 Regular Board Meeting	Page 2
Old Business
Discussion Regarding Perimeter Wall Lighting (Washington Street & S 42nd Avenue)	Page 6
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget	Page 12
Administrative & Operational Matters
Reminder: 2024 Form 1 – Financial Interests Disclosure (Due by July 1, 2025)
Board Members & Staff Closing Comments
Adjourn

Publication Date 2025-05-06

Subcategory
Government Publications - Notices of Hearings

NOTICE OF REGULAR BOARD MEETING OF THE HILLCREST COMMUNITY DEVELOPMENT DISTRICT NOTICE
IS HEREBY GIVEN that the Hillcrest Community Development District the District) will hold a Regular Board Meeting (the Meeting) of its Board of Supervisors (the Board) on May 15, 2025, at 8:30 a.m. in the Community Room located at Parkview at Hillcrest Clubhouse at 4500 Hillcrest Drive, Hollywood, Florida 33021. The Meeting is being held for the necessary public purpose of considering any District business which may lawfully and properly come before the Board. At such time the Board is so authorized and may consider any business that may properly come before it. A copy of the agenda for the Meeting may be obtained at the offices of the District Manager, c/o Special District Services, Inc., at (561) 630-4922 or nnguyen@ sdsinc.org (the District Managers Office) during normal business hours. The Meeting is open to the public and will be conducted in accordance with the provisions of Florida law for special districts. The Meeting may be continued to a date, time, and place to be specified on the record at the Meeting. Any person requiring special accommodations in order to access and participate in the Meeting because of a disability or physical impairment should contact the District Managers Office at least forty-eight (48) hours prior to the Meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955- 8771 (TTY)/1-800-955-8770 (Voice), for aid in contacting the District Managers Office. Anyone requiring assistance in order to participate in this Meeting should contact the District Managers Office at least forty- eight (48) hours prior to the Meeting. Similarly, any person requiring or that otherwise may need assistance accessing or participating in this Meeting because of a disability or physical impairment is strongly encouraged to contact the District Managers Office at least forty-eight (48) hours in advance so that arrangements may be made. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the Meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. Meetings may be cancelled from time to time without advertised notice. District Manager 5/6/2025 7807804

Page 1

HILLCREST COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 20, 2025

CALL TO ORDER
The Regular Board Meeting of the Hillcrest Community Development District (the “District”) was called to order at 8:32 a.m. in the Parkview at Hillcrest Clubhouse Community Room, located at 4500 Hillcrest Drive, Hollywood, Florida 33021.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the Regular Board Meeting had been published in the Sun-Sentinel on March 10, 2025, as legally required.

ESTABLISH A QUORUM

Ms. Nguyen determined that the attendance of Vice Chairwoman Elizabeth Reeser, and Supervisors Suzanne Friedel, and Jamaine Lemon constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Nancy Nguyen of Special District Services, Inc. and District Counsel Jonathan Johnson (via conference call) of Kutak Rock LLP.

Also in attendance were: Ivonne Ledesma, Hollywood, Florida; Jhonny Graterol, Hollywood, Florida; Satonya Baker, Hollywood, Florida, and Jessi Demi Ortega (Parkview at Hillcrest HOA Manager) of Castle Group.

CONSIDER RESIGNATION (ABBEY KESSMAN, SEAT 3)

Ms. Nguyen stated that she was in possession of a resignation letter from Abbey Kessman with an effective date of December 30, 2024, and it would be in order for the Board of Supervisors (the “Board”) to consider. A discussion ensued after which:

A motion was made by Ms. Reeser, seconded by Mr. Lemon and unanimously passed to accept the resignation of Abbey Kessman, effective December 30, 2024.

Ms. Nguyen stated that there was now a vacancy in Seat 3 which term expires in November 2028.
APPOINTMENT OF OFFICER TO VACANT SEAT (SEAT 3)
Ms. Nguyen reminded the Board that during the last District meeting, Mr. Jhonny Graterol expressed his desire to serve on the Board. She further informed the Board that Mr. Graterol, who is in attendance, is still interested in serving on the Board. Ms. Nguyen asked if there were any other qualified persons in attendance who are interested in serving on the Board. Ms. Ivonne Ledesma confirmed that she is a qualified person and is interested in serving on the Board. No other members of the public in attendance expressed a desire to serve on the Board.

Both Mr. Graterol and Ms. Ledesma greeted the Board and provided an introduction of themselves. Ms. Nguyen asked if there was a motion from any of the Board Members appointing Mr. Graterol or Ms. Ledesma to the vacant seat. No motions were made to appoint Mr. Graterol or Ms. Ledesma. Mr. Graterol and Ms. Ledesma were invited to attend the District’s next scheduled meeting.

Ms. Nguyen stated that a vacancy remained in Seat 3, which term expires in November 2028.

Ms. Ledesma asked what the terms of office were for each seat. Ms. Nguyen provided the following terms to Ms. Ledesma:

Seat 1: Currently held by Andrew Maxey, term expires in November 2026 Seat 2: Currently held by Elizabeth Reeser, term expires in November 2028 Seat 3: Currently vacant, term expires in November 2028
Seat 4: Currently held by Susanne Friedel, term expires in November 2028 Seat 5: Currently held by Jamaine Lemon, term expires in November 2026

ADMINISTER OATH OF OFFICE AND REVIEW NEW BOARD MEMBER RESPONSIBILITIES DUTIES

This item was not needed at this time.

ELECTION OF OFFICERS

This item was not needed at this time.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
November 20, 2024, Regular Board Meeting

Ms. Nguyen presented the minutes of the November 20, 2024, Regular Board Meeting and asked if there were any corrections and/or revisions. There being none, a motion was made by Mr. Lemon, seconded by Ms. Reeser and unanimously passed, approving the November 20, 2024, Regular Board minutes, as presented.
OLD BUSINESS
Update Regarding Lake Debris (NW Corner of Ficus Street & Evergreen Terrace)

Ms. Nguyen Ms. Nguyen explained that upon review of the District’s paving and drainage plans, she was able to confirm that a catch basin located on Pembroke Road drains into the District’s pond. She further explained that she was able to determine that the owner of the structure on Pembroke Road is the City of Hollywood and the maintenance responsibility falls on the Florida Department of Transportation (FDOT). Ms. Nguyen contacted the City of Hollywood and FDOT to discuss the excess debris accumulating in the District’s pond located on the NW corner of Ficus Street and Evergreen Terrace. All

parties agreed to inspect their respective structures to determine the cause of the excess debris. The inspection of the District’s culverts and structures concluded that the pollution retardant baffle (PRB) in one of the District’s structures needed to be reinstalled. Ms. Nguyen stated that FDOT confirmed that they would clean the structure on Pembroke Road by March 21, 2025.

Ms. Nguyen stated that these measures should greatly reduce the amount of debris that accumulates in the District’s pond. She requested that if anyone notice’s debris in the pond, to report the same to her.

Discussion Regarding Perimeter Wall Lighting (Washington Street & S 42nd Avenue)

Ms. Nguyen informed the Board that this item was added at the request of Ms. Friedel. Ms. Friedel explained that she would like to discuss the installation of wall lighting to the perimeter wall on Washington Street. She further explained that this area is very dark at night and she believes that the addition of lighting will add to the aesthetics of the District as well as provide much needed illumination. Ms. Friedel asked if the lighting would affect the residents who live near the perimeter wall. Ms. Nguyen explained that the lighting will consist of well lights, as such, the fixtures would be illuminating upwards on the wall and should not affect the residents nearby. The Board asked what this project would entail. Ms. Nguyen explained that the closest electrical connection is the Parkview at Hillcrest Homeowners Association, Inc.’s electrical panel at the Phase I exit on Mahagony Lane and S 42nd Avenue. The project would entail installing a transformer at this electrical point, running conduit and cable by boring along the perimeter of the wall, installing two electrical outlets with bubble covers for future holiday lighting connections, and 54 well lights. The Board requested that Ms. Nguyen reduce the number of well lights so that every other column is illuminated. The Board also requested that the contractor provide a more detailed proposal. Ms. Nguyen acknowledged the Board’s request.

NEW BUSINESS
Stormwater System Operations and Maintenance Reporting Memorandum (Kutak Rock)

Ms. Nguyen presented a memorandum prepared by District counsel’s firm, Kutak Rock LLP. Mr. Johnson explained that there have been several changes to the Environmental Resource Permit Handbook promulgated by the Florida Department of Environmental Protection which the District must adhere to. He further explained that the memorandum recommends that the District Manager share the memorandum with the District Engineer to ensure compliance with the new requirements.

Ms. Nguyen confirmed that the memorandum was shared with the District Engineer. Ms. Nguyen thanked Mr. Johnson.
ADMINISTRATIVE MATTERS
There were no administrative matters to discuss at this time.
BOARD MEMBER CLOSING COMMENTS

There were no Board member closing comments.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Lemon, seconded by Ms. Reeser and passed unanimously adjourning the meeting at 9:00 a.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

BILL TO
Ryan Quiroga
4153 Mahogany Lane Hollywood, FL 33021 USA

Reliable Electrical Services
3400 SW 10th St.
Deerfield Beach, FL 33442 www.justcallreliable.com
561-362-4484

ESTIMATE DATE
Apr 25, 2025

ESTIMATE
246425685

J O B A D D R E S S
Ryan Quiroga
4153 Mahogany Lane Hollywood, FL 33021 USA

Job: 246249054

E S T I M AT E D E TA I L S

Option 1 ** permitted. Bentley Well Lights **: * assemble/install a 600 watt stainless steel transformer on the middle of the concrete fence that’s facing the Main Street (North side).
install/program a plug in digital timer inside the newly installed transformer.
run a dedicated 20 amp circuit in pvc conduit approximately 135ft from the existing 150 amp meter main over to the corner of the fence where it curves. Equipped with an outdoor rated box, outlet and cover. #10 gauge wire will used to avoid
voltage drop.
run two dedicated 20 amp circuits in pvc conduit approximately 360ft from the existing 150 amp meter main over to the center of the fence that’s facing the Main Street. Equipped with a quad outlet set up and all weather resistant materials. One outlet will be dedicated for the landscape lighting transformer and other light will be for holiday lighting. #6 gauge wire will be used to avoid voltage drop.
install a single pole 20 amp gfi and double 20 amp gfi breaker Inside the meter main that’ll protect the newly installed outlets. This is required by code.
provide/install all the conduit, wiring, outlets, boxes and covers that’ll be needed to install the outlets.
we are going to install two different runs of wire from transformer over to the landscape lights. Each run will be approximately 425ft long. Per the customers request we are going to install a light on every other column. #10/2 direct burial low voltage wire will be used to avoid voltage drop.
provide/install a total of 28qty Bentley Well Lights, bulbs and wiring.
we will bring out a trenching machine on the day of install to dig a trench that’ll be needed to burry the conduits for the outlets and the low voltage wiring for the landscape lights. We are going to call out locators prior to digging. Reliable is not responsible for any damages caused to unseen obstructions underneath the dirt during the trenching process.
the fees from the city and/or county will be added to the total once they’ve been received from the city. This task is for us to pull all the permits needed to do the work.

(This estimate includes a 10% first time customer discount)

** in the event the city and/or county requires any additional repairs/upgrades on any of the existing work, an additional estimate will be provided in order to accommodate the additional repairs. **

S E R V I C E	D E S C R I P T I O N	Q T Y	P R I C E	T O TA L	
E-LND-4600	600 Watt Weatherproof Transformer
600W STAINLESS STEEL PROFESSIONAL SERIES LANDSCAPE TRANSFORMER
Connected to existing electrical circuit at location of transformer, or circuit cost needs to be added	1.00	$1,046.00	$1,046.00	
TC-04	Furnish, install, and program (1) new digital astronomic plug in timer. Daylight savings and dusk/dawn automatically changes throughout the year.	1.00	$204.00	$204.00	
Electrical Item 4/273941	run a dedicated 20 amp circuit in pvc conduit approximately 135ft from the existing 150 amp meter main over to the corner of the fence where it curves. Equipped with an outdoor rated box, outlet and cover. #10 gauge wire will used to avoid voltage drop.
run two dedicated 20 amp circuits in pvc conduit approximately 360ft from the existing 150 amp meter main over to the center of the fence that’s facing the Main Street. Equipped with a quad outlet set up and all weather resistant materials. One outlet will be dedicated for the landscape lighting transformer and other light will be for holiday lighting. #6 gauge wire will be used to avoid voltage drop.
install a single pole 20 amp gfi and double 20 amp gfi breaker Inside the meter main that’ll protect the newly installed outlets. This is required by code.
provide/install all the conduit, wiring, outlets, boxes and covers that’ll be needed to install the outlets.	1.00	$7,056.12	$7,056.12	
Electrical Item 4/273941	we are going to install two different runs of wire from transformer over to the landscape lights. Each run will be approximately 425ft long. Per the customers request we are going to install a light on every other column. #10/2 direct burial low voltage wire will be used to avoid voltage drop.
provide/install a total of 28qty Bentley Well Lights, bulbs and wiring.	1.00	$6,083.21	$6,083.21	
MC-12	Trencher Charge Per Day-Ditch Witch (used with cabling tasks)	1.00	$727.00	$727.00	
Inspection	Inspection(s) for permit	1.00	$150.00	$150.00	
	*** This is only our processing fee. This Does Not include standard city/county permit fees that will be homeowner responsibility and passed on to homeowner at the end of project. This is when the city informs us of the exact amount. ***				
Discounts	10% Discount	1.00	$-1,526.63	$-1,526.63	

POTENTIAL SAVINGS	$1,506.66	
SUB-TOTAL	$13,739.70	
TOTAL	$13,739.70	
EST. FINANCING	$272.05	
State Certified Electrical Contractor EC13004305 & EC13005984 | State Gas License LQ36055 & LI28455

CUSTOMER AUTHORIZATION
I hereby approve this estimate. Payment Terms: 30% deposit required on repairs that need a return trip. Balance is due once repair is completed. I hereby agree to pay any reasonable attorney and/or collections fees if collection of amounts under this estimate becomes necessary. All work is warrantied for a period of one year from installation unless otherwise written.
EXCLUSIONS:
-Permit and permit service fees are passed at face value directly to the customer.
-Additional unforeseen work, existing code violations, repairs, work or engineering ordered by the building department excluded.
-Restoration of sheetrock, stucco, plaster, patching, painting, etc., due to normal installation methods excluded
-Removal and/or replacement of any trees, bushes, sod, pavers, hardscape, landscape, etc. for outdoor projects excluded.
-All fixtures, including landscape lights, may not be returned and are non-refundable.

Sign here	Date

Worldwide Distributors Inc. dba Elighting

12130 SW 114th Pl
Miami, FL 33176-4473 USA
+13059698754
info@elighting.org https://worldwidedistributors.co/

Estimate 10767

ADDRESS	SHIP TO

Nancy Nguyen
Hillcrest Community Development District
Hillcrest CDD c/o SDS, INC.
2501A Burns Road
Palm Beach Gardens, FL 33410

Nancy Nguyen

DATE 10/28/2024

Hillcrest Community Development District
Parkview at Hillcrest 4153 Mahogany Lane
Hollywood, FL 33021

DESCRIPTION	QTY	AMOUNT	
RE: Parkview at Hillcrest		13,500.00	
Bore approx 450 (ft) with 1-3/4" PVC sch 40, 24" deep			
Included:			
- Setup and tear down of bore equipment.			
- Sweep ends of conduit against footer.			
- Have the area marked by Sunshine 811			
- will not be responsible for any underground utilities that are private.			
Not included:			
- Permit and processing.			
- If permit needed the price will be added to the deposit.			
(Engineer drawing, permit fee and permit processing).			
By signing this proposal you agree to this disclosure and take full responsibility:			
- Not responsible for any damages caused by removal or installation of any poles.			
This includes pavement, brick pavers, landscaping, concrete, irrigation, drainage,			
underground wiring or any other type of material.			
LANDSCAPE LIGHTING:	28	6,300.00	
- Run Conduit and Cable			
- Add (2) new Outlers with Bubble cover			
Install (1) Transformer, connecters etc
Installation (28) Bentley Well Light w. MR16			
LABOR AND MATERIALS			
SUBTOTAL		19,800.00	

TAX (7%)	0.00

TOTAL	$19,800.00

Accepted By	Accepted Date

First Choice Electrical of Miami, Corp. 7401 NW 7th Street, Unit 3
Miami, FL 33126
Office: (786) 315-8688 / (786) 587-5693

Hillcrest Community Development District Parkview at Hillcrest
4153 Mahogany Lane
Hollywood, FL 33021
We will supply the following labor and materials:

Proposal No. 2025-132
April 30, 2025

Contact 811 prior to commencement of work. First Choice Electrical of Miami, Corp. is not responsible for underground utilities not marked by 811.
Bore approximately 450 ft. with 1-3/4” PVC sch 40, 2 ft. underground from existing meter for the installation of two (2) weatherproof outlets for future installation of holiday lighting.
Run conduit and cable for the installation of lighting at every other column for a total of 28 Bentley well lights with MR16 bulbs.
Install landscape lighting transformer near the existing meter with digital timer.
City of Hollywood and county permits to be paid by client.
Labor and materials

Thank you for this opportunity.
Should you have any questions please feel free to call me.
We propose to furnish labor and materials complete, in accordance with the above specifications and subject to conditions stated herein,
for the sum of: --------------------------------$23,895.00-------------------------------------------
We sincerely hope our quote is competitive and that we will work for you on this project.

Date		Date	

Authorized Signature

First Choice Electrical of Miami, Corp.
Rolando Bouza (Rolly) EC-13009670

RESOLUTION 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HILLCREST COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Hillcrest Community Development District (“District”) prior to June 15, 2025, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HILLCREST COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025/2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:		July 17, 2025	

HOUR:		8:30 a.m.	
LOCATION:	Community Room – Parkview at Hillcrest Clubhouse	 4500 Hillcrest Drive	
Hollywood, Florida 33021	
TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Broward County and the City of Hollywood, Florida at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 15th DAY OF May, 2025.

ATTEST:	HILLCREST COMMUNITY
DEVELOPMENT DISTRICT

By:	

Secretary	Its:	

Hillcrest
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

ASSESSMENT COMPARISON

PROPOSED BUDGET
HILLCREST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M Assessments	133,720	
Debt Assessments	662,543	
Interest Income	1,200	
		
TOTAL REVENUES	$	797,463	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering/Inspections	3,000	
Management	39,972	
Legal	13,000	
Assessment Roll	5,000	
Audit Fees	3,600	
Arbitrage Rebate Fee	650	
Insurance	8,700	
Legal Advertisements	2,000	
Miscellaneous	700	
Postage	300	
Office Supplies	500	
Dues & Subscriptions	175	
Trustee Fees	3,800	
Continuing Disclosure Fee	500	
Stormwater System Maintenance	15,000	
Miscellaneous Lake Maintenance	13,000	
Perimeter Wall	5,600	
Stormwater 20-Year Analysis Report	3,000	
Maintenance Contingency	3,000	
	.	
TOTAL EXPENDITURES	$	126,897	
		
REVENUES LESS EXPENDITURES	$	670,566	
		
Bond Payments	(622,790)	
		
BALANCE	$	47,776	
		
County Appraiser & Tax Collector Fee	(15,924)	
Discounts For Early Payments	(31,852)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
HILLCREST 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	135,262	133,730	133,720	Expenditures/.94	
Debt Assessments	662,544	662,543	662,543	Bond Payments/.94	
Interest Income	14,034	600	1,200	Interest Projected At $100 Per Month	
					
TOTAL REVENUES	$	811,840	$	796,873	$	797,463		
					
EXPENDITURES					
Supervisor Fees	0	5,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	0	400	400	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	0	3,000	3,000	No Change From 2024/2025 Budget	
Management	37,728	38,856	39,972	CPI Adjustment	
Legal	2,753	14,000	13,000	$1,000 Decrease From 2024/2025 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	7,222	7,700	8,700	Insurance Estimate	
Legal Advertisements	643	2,500	2,000	$500 Decrease From 2024/2025 Budget	
Miscellaneous	29	800	700	$100 Decrease From 2024/2025 Budget	
Postage	134	300	300	No Change From 2024/2025 Budget	
Office Supplies	189	525	500	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	3,709	3,800	3,800	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	500	500	500	No Change From 2024/2025 Budget	
Stormwater System Maintenance	14,311	15,000	15,000	No Change From 2024/2025 Budget	
Miscellaneous Lake Maintenance	0	13,000	13,000	No Change From 2024/2025 Budget	
Perimeter Wall	0	5,600	5,600	No Change From 2024/2025 Budget	
Stormwater 20-Year Analysis Report	0	3,000	3,000	Fourth Of Five Years - Total Cost = $15,000	
Maintenance Contingency	925	3,000	3,000	Maintenance Contingency	
		.	.		
TOTAL EXPENDITURES	$	77,368	$	126,306	$	126,897		
					
REVENUES LESS EXPENDITURES	$	734,472	$	670,567	$	670,566		
					
Bond Payments	(635,524)	(622,790)	(622,790)	2026 Principal & Interest Payments	
					
BALANCE	$	98,948	$	47,777	$	47,776		
					
County Appraiser & Tax Collector Fee	(2,133)	(15,925)	(15,924)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(30,348)	(31,852)	(31,852)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	66,467	$	-	$	-		
					
Carryover From Prior Year	0	0	0		
					
NET EXCESS/ (SHORTFALL)	$	66,467	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
HILLCREST 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	
40,740	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
635,524	
622,790	
622,790	
Maximum Debt Service Collection	

Total Revenues	
$	676,264	
$	623,190	
$	623,790		

EXPENDITURES					

Principal Payments	
195,000	
210,000	
220,000	
Principal Payment Due In 2026	

Interest Payments	
422,309	
406,575	
402,375	
Interest Payments Due In 2026	

Bond Redemption	
0	
6,615	
1,415	
Estimated Excess Debt Collections	

Total Expenditures	
$	617,309	
$	623,190	
$	623,790		

Excess/ (Shortfall)	

$	58,955	

$	-	

$	-		

Series 2018 Bond Information

Original Par Amount =	$9,805,000	November 1st	
Interest Rate =	3.625% - 5.000%	May 1st & November 1st	
Issue Date =	January 2018		
Maturity Date =

Par Amount As Of 1/1/25 =	November 2048

$8,695,000		

Page 19

HILLCREST COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2022/2023
	Assessment*		Fiscal Year 2023/2024
	Assessment*		Fiscal Year 2024/2025
	Assessment*		Fiscal Year 2025/2026
  Projected Assessment* 	
O & M For Single Familys	$	207.90	$	207.60	$	207.34	$	207 33	
Debt For Single Familys	 $	1,146.80	$	1,146.80	$	1,146.80	$	1,146 80	
Total For SinJle Famil\	$	1,354 70	$	1,354 40	$	1,354 14	$	1,354 13	
O & M For Townhomes	$	207.90	$	207.60	$	207.34	$	207 33	
Debt For Townhomes	 $	938.29	$	938.29	$	938.29	$	938 29	
Total For ToZnhomes	$	1,146 19	$	1,145 89	$	1,145 63	$	1,145 62	

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

Community Information:
Single Familys:	275 Units Townhomes:	 370 Units
Total:	645 Units

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