Double Branch

Community Development District

Approved Budget
FY2026

Presented by:

Table of Contents

1

2-3

4

5-9

10-12

13

14

	General Fund

	Narratives

	Recreation Fund

	Narratives

	Debt Service Fund Series 2013

	Assessment Allocation

	Capital Reserve Fund

15		Exhibit A

Double Branch
Community Development District
Approved Budget General Fund

Adopted	Actuals Thru	Projected Next Projected Thru	Approved Budget				Budget	
Description	FY 2025	4/30/25		5 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments - Tax Roll	$	184,075	$	183,021	$	1,039	$	184,060	$	184,126	
Interest income	2,500	2,749	1,500	4,249	4,500	
TOTAL REVENUES	$	186,575	$	185,770	$	2,539	$	188,309	$	188,626	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	6,600	$	5,000	$	11,600	$	12,000	
FICA Expense	918	505	383	887	918	
Engineering	5,000	3,173	1,827	5,000	5,000	
Arbitrage Rebate	700	700	-	700	700	
Dissemination	1,798	1,049	749	1,798	1,888	
Assessment Roll Administration	9,227	9,227	-	9,227	9,688	
Attorney	42,000	12,544	29,456	42,000	42,000	
Annual Audit	5,400	5,500	-	5,500	5,600	
Trustee Fees	9,500	8,815	-	8,815	8,900	
Management Fees	72,865	42,505	30,361	72,865	76,509	
Information Technology	2,407	1,404	1,003	2,407	2,527	
Telephone	600	112	488	600	600	
Postage	2,000	271	1,729	2,000	2,000	
Printing	2,500	323	2,177	2,500	2,500	
Insurance General Liability	10,556	10,268	-	10,268	11,552	
Legal Advertising	2,800	514	2,287	2,800	2,800	
Office Supplies	200	13	187	200	200	
Website Maintenance	2,809	1,639	1,170	2,809	2,949	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Other Current Charges	120	20	100	120	120	
Capital Reserve Funding	3,000	-	3,000	3,000	-	
TOTAL ADMINISTRATIVE	$	186,575	$	105,355	$	79,917	$	185,272	$	188,626	
						
TOTAL EXPENDITURES	$	186,575	$	105,355	$	79,917	$	185,272	$	188,626	

Other Sources/(Uses)						
Interfund Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	80,416	$	(77,378)	$	3,038	$	-	

REVENUES

Special Assessments - Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
Arbitrage Rebate
The District is required to have an annual arbitrage rebate calculation prepared for the District’s Series 2013 A-1 and A-2 Special Assessment Refunding Bonds. Currently, the District has contracted with Grau and Associates.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Attorney
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau and Associates currently serves as the District’s Independent Auditor.
Trustee Fees
The District's Series 2013 A-1 & 2013 A-2 Special Assessment Refunding Bonds are held by a Trustee at US Bank, N.A. The amount of the trustee fees is based on the agreement between US Bank and the District.

Expenditures - Administrative (continued)

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.
Telephone
New internet and Wi-Fi service for Office.
Postage
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Printing
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.

Adopted
Budget	Actuals Thru	Projected Next  Projected Thru

Approved Budget

Approved Budget Recreation Fund

Description	FY 2025	4/30/25		5 Months		9/30/25	FY 2026	
REVENUES:						
Special Assessments - On Roll	$	2,144,534	$	2,132,254	$	12,109	$	2,144,363	$	2,118,723	
Interest income	25,000	27,506	10,000	37,506	25,000	
Amenities Revenue/Miscellaneous	25,000	22,478	15,000	37,478	25,000	
Sports Revenue	30,000	-	30,000	30,000	20,000	
TOTAL REVENUES	$ 2,224,534	$ 2,182,239	$	67,109	$ 2,249,348	$ 2,188,723	

EXPENDITURES:						
Administrative						
Management Fees - On Site Staff	$	233,919	$	136,453	$	97,466	$	233,919	$	245,615	
Insurance	141,137	120,080	-	120,080	127,990	
Other Current Charges	3,500	835	2,665	3,500	3,500	
Permit Fees	1,625	1,280	345	1,625	1,625	
TOTAL ADMINISTRATIVE	$	380,181	$	258,648	$	100,476	$	359,124	$	378,730	

Operations & Maintenance						
Maintenance						
Security	$	111,280	$	62,627	$	48,653	$	111,280	$	111,280	
Security - Clay County Off-Duty Sheriff	47,304	30,179	17,125	47,304	47,304	
Water - Irrigation	15,000	8,576	6,424	15,000	17,000	
Irrigation Maintenance	5,000	-	5,000	5,000	5,000	
Streetlighting	32,000	16,132	15,868	32,000	29,640	
Electric	36,000	22,353	13,647	36,000	43,800	
Landscape Maintenance	507,134	275,885	231,249	507,134	487,134	
Common Area Maintenance	75,000	39,147	35,853	75,000	82,500	
Lake Maintenance	31,000	15,190	15,810	31,000	31,000	
Capital Reserve	428,079	-	428,079	428,079	360,024	
TOTAL MAINTENANCE	$ 1,287,796	$	470,088	$	817,708	$ 1,287,796	$ 1,214,681	

Recreation Facility						
Amenity Staff	$	150,500	$	55,390	$	95,110	$	150,500	$	165,840	
Refuse Services	19,000	13,580	5,420	19,000	20,000	
Telephone	8,500	3,921	4,579	8,500	8,400	
Electric	29,000	17,665	11,334	29,000	34,800	
Cable	9,707	6,071	4,500	10,571	11,280	
Pool Maintenance	39,000	23,598	15,402	39,000	43,200	
Water/Sewer/Reclaim	48,000	19,953	28,047	48,000	53,280	
Facility Maintenance - General	75,000	36,643	38,357	75,000	82,500	
Facility Maintenance - Preventative	10,000	1,955	8,045	10,000	10,000	
Facility Maintenance - Contingency	40,000	5,782	34,218	40,000	45,000	
Lighting Repairs	9,500	4,287	5,213	9,500	10,500	
Special Events	10,250	5,852	4,398	10,250	10,700	
Office Supplies & Equipment	1,400	453	947	1,400	1,400	
Janitorial	70,200	36,050	34,150	70,200	74,412	
Recreation Passes	4,000	2,365	1,635	4,000	4,000	
Pool Leak Repairs	2,500	-	2,500	2,500	-	
Multiuse Field	30,000	-	15,000	15,000	20,000	
TOTAL RECREATION FACILITY	$	556,557	$	233,565	$	308,856	$	542,421	$	595,312	
						
TOTAL EXPENDITURES	$ 2,224,534	$	962,301	$ 1,227,040	$ 2,189,341	$ 2,188,723	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$ 1,219,939	$ (1,159,932)	$	60,007	$	-	

REVENUES

Special Assessments - Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.

Interest Income
The District earns interest on the monthly average collected balance for each of their investment accounts.
Amenities Revenue
Income received from resident rental of Clubroom and Patio and access cards, fitness class, vending machines, and non-resident user fee for the Recreation Facility.
Sports Revenues
These are estimated fees for programmed sports activities.

Expenditures - Administrative

Management Fees
The District has contracted with Governmental Management Services, LLC (“GMS”) for the supervision and on-site management of the District’s amenities. The responsibilities include management of District maintenance contracts, scheduling special events, management of District employees, rental of facilities, scheduling of special events, resident inquiries, and other maintenance related items. The District shares the cost of a community manager, aquatics director, fitness center/access director, rental coordinator and administrative assistant with the Middle Village Community Development District.

Insurance
The District's Property and Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Other Current Charges
Includes bank charges and any other miscellaneous administrative expenses that are incurred during the year with the use of deposit/credit card machine.
Permit Fees
Miscellaneous permit fees to operate the pool and water slides as well as special events.

Discription	Annual	
Play Pool Permit	$	300	
Lap Pool Permit	300	
Spray Pool Permit	175	
State Public Broadcast for Music Fees		850 	
Total	$	1,625	

Expenditures – Maintenance Common Area

Security
The cost of security patrol for the District with Athletic Center and Common area.
Discription	Monthly	Annual

Clay County off Duty Security

Secutity Contract

$	9,273  $

111,280

Provision for off-duty-security patrol by Clay County Sheriff’s Dept. Split 50/50 with Middle Village CDD.

Water – Irrigation
The District will purchase bulk water from JEA for irrigation purposes.

Account Number	Discription	Monthly	Annual	
83744906	2226 Pebblewood LA Apt 1	$	30	$	360	
66042924	302 Oakleaf Village Parkway	30	360	
61929298	3468 Worthington Oaks Drive Apt 1	30	360	
86638010	3570 Silver Bluff Blvd Apt 1	1,200	14,400	
60770057	563 Acornridge Lane Apt 1	70	840	
Contingency		57	680 

Total

$	1,417  $

17,000

Irrigation Maintenance
The cost of miscellaneous irrigation, pump repairs and maintenance incurred by the district.

Street Lighting
The cost of street lighting provided by Clay Electric Cooperative, Inc.:
Account Number	Discription	Monthly	Annual

7332265

Oaklieaf Village Center Outdoor

$	220  $

2,640

5379615

East Sied of Brannanfield Contingency

2,200	26,400
	50	600 

Electric

Total

$	2,470  $

29,640

The cost of electricity for signage lighting, entry feature lighting (main entry, Athletic Center entry and neighborhood entries) for the following accounts provided by Clay Electric Cooperative, Inc.:
Account Number	Discription	Monthly	Annual	
4995700	370 Oakleaf Village	$	1,200	$	14,400	
4995718	370-1 Oakleaf Village Pkwy	500	6,000	
5347943	3926-1 Plantation Oaks Blvd	100	1,200	
5715289	1591 Canopy Oaks Dr - Irrigation	120	1,440	
5774021	2971 Thorncrest Dr	50	600	
6875140	373-1 Oakleaf Village Center	100	1,200	
6912612	608-1 Oakleaf Village Pkwy	40	480	
6912653	603-2 Oakleaf Village Pkwy	40	480	
6912661	602-1 Oakleaf Village Pkwy	40	480	
6912687	537-1 Oakleaf Village Pkwy	40	480	
6912695	529-1 Oakleaf Village Pkwy	40	480	
6912703	3925-1 Plantation Oaks Blvd	40	480	
6912729	3860-1 Plantation Oaks Blvd	40	480	
6912737	3859-1 Plantation Oaks Blvd	40	480	
6912752	3805-1 Plantation Oaks Blvd	40	480	
6912760	3800-1 Plantation Oaks Blvd	40	480	
6912778	3306-1 Village Oaks Lane	40	480	
6912786	465-1 Oakleaf Village Pkwy	40	480	
6912810	3801-1 Plantation Oaks Blvd	40	480	
6912828	728-1 Bellshire Drive	40	480	
6912836	721-1 Bellshire Lane	40	480	
6912869	715-1 Wakemoumnt Drive	40	480	
6912877	3219-1 Stonebrier Ridge Drive	40	480	
6912893	576-1 Wakemount Drive	40	480	
6912901	507-1 Millstone Drive	40	480	
6912919	498-1 Millstone Drive	40	480	
6912927	3442-1 Worthington Oaks Drive	40	480	
6912943	309-1 Oakleaf Village Pkwy	40	480	
6912950	373-2 Oakleaf Village Pkwy	40	480	
9194375	308-1 Oakleaf Village Pkwy	40	480	
6912976	358-2 Oakleaf Village Pkwy	40	480	
7131527	3206-1 Silver Bluff Blvd	40	480	
7332257	3168 Stonebrier Ridge	450	5,400	
8684243	571 Oakleaf Village Pkwy	40	480	
Contingency		50	600 

Landscape Maintenance

Total

$	3,650  $

43,800

The District has a contract with Verdego to provide landscaping and irrigation maintenance services to all the common areas within the District as well as the Amenity Center. The amount is based upon the following:
Discription	Monthly	Annual

Contract-Common Area

$	40,594

$  487,134

Common Area Maintenance
Represents the estimated day-to-day maintenance of the Districts common areas. Services include:
-Pressure washing of District fences, entrance signage and pillars, pool areas, gazebos, amenity center, field house, parks, park equipment and sidewalks. The estimated annual amount for these services is based upon contractor proposals
The estimated cost for the following is based upon past history and current hourly rates:
-All common area, easements and park litter clean up
-Lake and outfall inspections and debris removal
-Storm sewer grate inspections and cleaning
-Removal of unauthorized signage and maintenance of community signage
-Trapper for wild hogs
-Traffic/car accident clean up
-Inspection and repairs to all park equipment, playground, picnic table and benches
Lake Maintenance
The District has a contract with The Lake Doctors to provide monthly water management services and annual carp as needed per the contract, to 25 lakes throughout the District. Contingency represents monthly lake inspections and clean-up of outfall structures and fish barriers. The amount is based upon the following:
Discription	Monthly	Annual

Lake Maintenance

$	2,444  $

29,326

Contingency		140	1,674 

Capital Reserve

Total

$	2,583  $

31,000

Money set aside for future replacements of capital related items and operating capital.

Expenditures – Recreation Facility

Amenity Staff
Direct cost to provide lifeguard/pool attendant services from District employees during the operational season of the swimming pool, which is from Mid-March through October. Also covers front desk personnel at the Fitness Center.
Refuse Service
The District has contracted with Waste Management for refuse removal service twice weekly.
Telephone
The Amenity Center currently pays AT&T for three phone lines and one fax line. The amounts are based upon the following:
Discription	Monthly	Annual

AT&T

$	650  $

7,800

Contingency

	50	600 

Electric

Total

$	700  $

8,400

Cost of electric associated with the Recreation facility and Fitness Center provided by Clay Electric:
Account Number	Discription	Monthly	Annual

5217088

370 Oakleaf Village Pkwy

$	2,200  $

26,400

8763369

382 Oakleaf Village Pkwy Contingency

650	7,800
	50	600 

Total

$	2,900  $

34,800

Cable/Internet
Cost of cable and internet access for the Recreation Facility from Comcast.
Discription	Monthly	Annual

Facility Center

$	415  $

4,980

Fitness Contingency

475	5,700
	50	600 

Total

$	940  $

11,280

Pool Maintenance
The District currently has a contract with Poolsure to supply chemicals and chemical feeders for the Amenity Center pools. The District is contracted with RMS for the cleaning, water testing, and treatment of the Amenity Center pools. During summer months, district employees will help with basic poolside cleaning such as brushing, skimming, and tile cleaning. Additionally, GMS staff handles the annual maintenance projects on the pool and deck features. The amount is based upon the following:
Discription	Monthly	Annual

Pool Maintenance

$	3,500  $

42,000

Contingency		100	1,200 

Water /Sewer/Reclaim

Total

$	3,600  $

43,200

Cost of water / sewer from JEA (acct # 7616920495) associated with the Recreation Facility and Reclaimed Water from Clay County
Utility Authority.		
Account Number	Discription	Monthly	Annual	
76832466	370 Oakleaf Village Parkway - Water	$	1,000	$	12,000	
76832466	370 Oakleaf Village Parkway - Sewer	450	5,400	
80532813	370 Oakleaf Village Parkway - Pool	450	5,400	
Fire Sprinkler	371 Oakleaf Village Parkway - Sprinkler		100	1,200 	
	Total JEA	$	2,000	$	24,000	
A00010662	566-1 Oakleaf Village Parkway	1,000	12,000	
A00009982	716-1 Wakemont Dirve Reclaim	300	3,600	
A00011147	3178-1 Wandering Oaks Drive	50	600	
A00011148	1505-1 Canopy Oaks Drive R	150	1,800	
A00011149	1591-1 Canopy Oaks Drive R	450	5,400	
A00011157	3701-1 Thousand Oaks Drive	40	480	
A00011158	3713-1 Thousand Oaks Drive	150	1,800	
A00011159	1940-1 Woodworth Drive Reclaim	40	480	
A00011160	3659-1 Thousand Oaks Drive	40	480	
A00011246	603-1 Waterford Oaks Drive	40	480	
A00013929	1422-1 Bitterberry Drive Reclaim	40	480	

A00013930

1206-1 Bedrock Drive Reclaim

	40	480 

Total CCUA

$	2,340  $

28,080

Contingency		100	1,200 

Facility Maintenance – General

Total

$	4,440  $

53,280

Represents estimated cost for general maintenance throughout the District based upon historical cost.
Facility Maintenance - Preventative
Cost of routine repairs and general maintenance contracts for District Facilities.
Discription	Annual	
S.E.Fitness	$	1,760	
Paula's Pest Control	620	
Toole Technologies	5,160	
Jacksonville Sound & Communication	744	
Termite Bond	1,530	
Contingency		186 	
Total	$	10,000	
Facility Maintenance – Contingency
Represents estimated amount based upon historical cost for fence repairs, graffiti clean-up, signage repairs, wall cap replacements and damaged park equipment.
Lighting Repairs
Cost for fixtures, bulbs and ballast replacement, and electrician labor based on past history.
Special Events
Monthly events and organized functions the Amenity Center Director provide for all residents of Oakleaf Plantation.

Office Supplies and Equipment
Office supplies for the Amenity Center. Lease agreement with Cannon ($167/month) $2000 annually.
Janitorial Services
The District has contracted with Riverside Management to provide janitorial services, and scheduled carpet cleanings to the District. Janitorial Services shall be provided seven days per week and carpets will be cleaned 9xs a year unless otherwise needed. Supplies will be purchased directly from First Coast Choice Cleaning Supplies. The amount is based upon the following:
Description	Monthly	Annual

Janitorial Contract

$	5,150  $

61,800

Supplies
Mat Cleaning-Fitness Room

500	6,000
	200	2,400 

Recreation Passes

Total

$	5,850  $

70,200

Entry cards are issued to all CDD residents for facility access. Recreation passes includes the cards, ribbon, cleaner, guest cards and repairs to card printers, etc.
Multiuse Fields
Cost of maintaining field and repairs, landscape maintenance, and renovations.

Approved Budget
Debt Service Series 2013A1 & A2 Special Assessment Refunding Bonds

Description

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru

4/30/25

	5 Months	

9/30/25

Approved Budget FY 2026

REVENUES:

Special Assessments-On Roll	$	1,976,742	$	1,950,800	$	11,078	$	1,961,878	$	1,976,742	
Interest Earnings	10,000	55,921	25,000	80,921	10,000	
Carry Forward Surplus (1)	850,479	877,037	-	877,037	967,461	
TOTAL REVENUES	$ 2,837,221	$ 2,883,758	$	36,078	$  2,919,836	$ 2,954,203	

EXPENDITURES:						
Series 2013A-1						
Interest 11/1	$	294,788	$	294,788	$	-	$	294,788	$	271,388	
Interest 5/1	294,788	-	294,788	294,788	271,388	
Principal 5/1	1,170,000	-	1,170,000	1,170,000	1,220,000	
Series 2013A-2						
Interest 11/1	41,400	41,400	-	41,400	38,238	
Interest 5/1	41,400	-	41,400	41,400	38,238	
Principal 5/1	110,000	-	110,000	110,000	115,000	
TOTAL EXPENDITURES	$ 1,952,375	$	336,188	$ 1,616,188	$  1,952,375	$ 1,954,250	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	

TOTAL EXPENDITURES

$ 1,952,375  $	336,188  $ 1,616,188  $  1,952,375  $ 1,954,250

EXCESS REVENUES (EXPENDITURES)

$	884,846  $ 2,547,570  $ (1,580,109)  $	967,461  $	999,953

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

 $	281,156 

AMORTIZATION SCHEDULE
Debt Service Series 2013A1 Special Assessment Refunding Bonds (Senior Lien)

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	13,010,000			271,388		
05/01/26	13,010,000	4.125%	1,220,000	271,388	1,762,775	
11/01/26	11,790,000			246,225		
05/01/27	11,790,000	4.125%	1,270,000	246,225	1,762,450	
11/01/27	10,520,000			220,031		
05/01/28	10,520,000	4.125%	1,320,000	220,031	1,760,063	
11/01/28	9,200,000			192,806		
05/01/29	9,200,000	4.125%	1,380,000	192,806	1,765,613	
11/01/29	7,820,000			164,344		
05/01/30	7,820,000	4.125%	1,435,000	164,344	1,763,688	
11/01/30	6,385,000			134,747		
05/01/31	6,385,000	4.125%	1,495,000	134,747	1,764,494	
11/01/31	4,890,000			103,913		
05/01/32	4,890,000	4.250%	1,560,000	103,913	1,767,825	
11/01/32	3,330,000			70,763		
05/01/33	3,330,000	4.250%	1,630,000	70,763	1,771,525	
11/01/33	1,700,000			36,125		
05/01/34	1,700,000	4.250%	1,700,000	36,125	1,772,250	
Total			$  13,010,000  $	2,880,681	$  15,890,681	

AMORTIZATION SCHEDULE
Debt Service Series 2013A2 Special Assessment Refunding Bonds (Subordinate Lien)

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	1,330,000	5.750%		38,238		
05/01/26	1,330,000	5.750%	115,000	38,238	191,475	
11/01/26	1,215,000	5.750%		34,931		
05/01/27	1,215,000	5.750%	125,000	34,931	194,863	
11/01/27	1,090,000	5.750%		31,338		
05/01/28	1,090,000	5.750%	130,000	31,338	192,675	
11/01/28	960,000	5.750%		27,600		
05/01/29	960,000	5.750%	135,000	27,600	190,200	
11/01/29	825,000	5.750%		23,719		
05/01/30	825,000	5.750%	145,000	23,719	192,438	
11/01/30	680,000	5.750%		19,550		
05/01/31	680,000	5.750%	155,000	19,550	194,100	
11/01/31	525,000	5.750%		15,094		
05/01/32	525,000	5.750%	165,000	15,094	195,188	
11/01/32	360,000	5.750%		10,350		
05/01/33	360,000	5.750%	175,000	10,350	195,700	
11/01/33	185,000	5.750%		5,319		
05/01/34	185,000	5.750%	185,000	5,319	195,638	
Total		$	1,330,000  $	412,275	$	1,742,275	

Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	
O&M Units	Bonds 2013
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
	
FY 2026	
FY 2025	
Increase/ (decrease)	
FY 2026	
FY 2025	Increase/ (decrease)	

Single Family	

2205	

2205	

$1,003.35	

$1,015.09	

-$11.74	

-1.16%	

$877.91	

$877.91	

$0.00	
Multi-Family	276	276	$733.45	$733.45	$0.00	0.00%	$605.49	$605.49	$0.00	
Village Center Retail	8000	0	$1.47	$1.53	-$0.06	-4.11%	$0.00	$0.00	$0.00	
Village Center Office	35000	0	$0.66	$0.69	-$0.03	-3.85%	$0.00	$0.00	$0.00	
Total	45481	2481								

Approved Budget Capital Reserve Fund

Description

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru

4/30/25

	5 Months	

9/30/25

Approved Budget FY 2026

REVENUES:

Interest Income

$	3,000  $

35,822  $

15,000  $

50,822  $

10,000

Transfer In - Capital Reserve		428,079		-	428,079		428,079		360,024 Transfer In - General Fund Reserve			3,000		-		3,000			3,000			- Carry Forward Balance	1,470,985	1,468,786			-	1,468,786	1,731,058

TOTAL REVENUES

$ 1,905,064  $ 1,504,608  $	446,079  $ 1,950,686  $ 2,101,082

EXPENDITURES:

Capital Outlay

Repairs & Replacements

$	500,000  $

119,629  $

100,000  $

219,629  $

250,000

TOTAL EXPENDITURES

$	500,000  $	119,629  $	100,000  $	219,629  $	250,000

Other Sources/(Uses)

Transfer in/(Out)

$	-  $

-  $	-  $

-  $	-

TOTAL OTHER SOURCES/(USES)

$

-  $

-  $

-  $

-  $

-

TOTAL EXPENDITURES

$	500,000  $	119,629  $	100,000  $	219,629  $	250,000

EXCESS REVENUES (EXPENDITURES)

$ 1,405,064  $ 1,384,979  $	346,079  $ 1,731,058  $ 1,851,082

Exhibit "A" Allocation of Operating Reserve

Allocation of Operating Reserves

Estimated Funds Available

General Fund - Beginning Fund Balance - 10/1/24	$	107,820	
Recreation Fund - Beginning Fund Balance - 10/1/24	825,741	
Estimated General Excess Revenues - Fiscal Year 2025	3,038	
Estimated Recreation Excess Revenues- Fiscal Year 2025	60,007	

Total Estimated Operating Funds Available - 9/30/2025

 $	996,606 

Allocation of Funds Available

General Fund Operating Reserve - First Quarter Operating Capital	$	47,157	
Recreation Fund Operating Reserve - First Quarter Operating Capital	457,175	
Total Reserve	 $	504,331 	
Total Working Capital Surplus	 $	492,274 	

Capital Reserve- Beginning Fund Balance - 10/1/24

$	1,468,786

Projected Capital Excess Revenues - Fiscal Year 2025	262,272

Total Estimated Reserve Funds Available - 9/30/25

 $	1,731,058 

Interest Earned General Fund Reserve
Recreation Fund Reserve	$	10,000
-
360,024	
Total Funding FY 2026	 $	370,024 	
Capital Reserve Estimated Expenditure - 9/30/26	 $	(250,000) 	
Total Estimate Reserve Fund Balances - 9/30/26	 $	1,851,082