Double Branch

Community Development District

Approved Budget
FY 2027

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 Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
Description	FY 2026	4/30/26		5 Months		9/30/26	FY 2027	

REVENUES:						
Special Assessments - Tax Roll	$	184,126	$	181,317	$	2,806	$	184,123	$	196,702	
Interest income	4,500	3,158	1,000	4,158	3,500	
TOTAL REVENUES	$	188,626	$	184,475	$	3,806	$	188,281	$	200,202	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	7,000	$	5,000	$	12,000	$	12,000	
FICA Expense	918	536	383	918	918	
Engineering	5,000	7,169	5,500	12,669	13,000	
Arbitrage Rebate	700	700	-	700	700	
Dissemination	1,888	1,101	786	1,888	2,020	
Assessment Roll Administration	9,688	9,688	-	9,688	10,270	
Attorney	42,000	12,637	15,000	27,637	37,000	
Annual Audit	5,600	5,700	-	5,700	5,700	
Trustee Fees	8,900	11,678	-	11,678	12,000	
Management Fees	76,509	44,630	31,878	76,509	81,099	
Information Technology	2,527	1,474	1,053	2,527	2,679	
Telephone	600	188	412	600	600	
Postage	2,000	153	1,847	2,000	2,000	
Printing	2,500	412	2,088	2,500	2,500	
Insurance General Liability	11,552	10,268	-	10,268	11,295	
Legal Advertising	2,800	610	2,190	2,800	2,800	
Office Supplies	200	4	196	200	200	
Website Maintenance	2,949	1,720	1,229	2,949	3,126	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Other Current Charges	120	-	120	120	120	
TOTAL ADMINISTRATIVE	$	188,626	$	115,843	$	67,683	$	183,525	$	200,202	
						
TOTAL EXPENDITURES	$	188,626	$	115,843	$	67,683	$	183,525	$	200,202	

Other Sources/(Uses)						
Interfund Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	68,633	$	(63,877)	$	4,755	$	-	

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.
Vendor
GMS	Description
Dissemination Agent		Monthly
$	160	Annual
$	1,920	
Disclosure Services	Revised Amortization Schedules			100	
		Total		$	2,020	
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
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
Costs associated with the printing and reproduction of agenda packages, financial reports, and other District materials.
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.
Dues, 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 2026	4/30/26		5 Months		9/30/26	FY 2027	
REVENUES:						
Special Assessments - Tax Roll	$	2,118,723	$	2,086,404	$	32,283	$	2,118,688	$	2,106,083	
Interest income	25,000	30,100	5,000	35,100	25,000	
Amenities Revenue/Miscellaneous	25,000	18,613	8,000	26,613	25,000	
Sports Revenue	20,000	11,000	8,000	19,000	20,000	
TOTAL REVENUES	$ 2,188,723	$ 2,146,118	$	53,283	$ 2,199,401	$ 2,176,083	

EXPENDITURES:						
Administrative						
Management Fees - On Site Staff	$	245,615	$	143,275	$	102,339	$	245,615	$	257,895	
Insurance	127,990	91,669	-	91,669	91,669	
Other Current Charges	3,500	1,897	1,603	3,500	3,500	
Permit Fees	1,625	638	987	1,625	1,625	
TOTAL ADMINISTRATIVE	$	378,730	$	237,479	$	104,930	$	342,409	$	354,689	

Operations & Maintenance						
Maintenance						
Security	$	111,280	$	66,721	$	44,559	$	111,280	$	115,731	
Security - Clay County Off-Duty Sheriff	47,304	17,104	30,200	47,304	50,615	
Water - Irrigation	17,000	9,268	7,731	17,000	18,520	
Irrigation Maintenance	5,000	18,618	5,000	23,618	15,000	
Streetlighting	29,640	16,562	13,078	29,640	29,640	
Electric	43,800	22,470	21,330	43,800	43,800	
Landscape Maintenance	487,134	284,161	202,972	487,134	501,748	
Common Area Maintenance	82,500	36,944	45,556	82,500	87,450	
Lake Maintenance	31,000	18,390	12,610	31,000	31,000	
Capital Reserve	360,024	-	360,024	360,024	297,126	
TOTAL MAINTENANCE	$ 1,214,681	$	490,239	$	743,060	$ 1,233,299	$ 1,190,630	

Recreation Facility						
Amenity Staff	$	165,840	$	70,978	$	94,862	$	165,840	$	180,000	
Refuse Services	20,000	16,442	13,000	29,442	30,000	
Telephone	8,400	3,657	4,743	8,400	8,400	
Electric	34,800	18,637	16,163	34,800	36,600	
Cable	11,280	6,821	4,500	11,321	12,600	
Pool Maintenance	43,200	24,607	18,593	43,200	43,200	
Water/Sewer/Reclaim	53,280	30,409	22,871	53,280	51,480	
Facility Maintenance - General	82,500	37,816	44,684	82,500	87,450	
Facility Maintenance - Preventative	10,000	2,265	7,735	10,000	10,000	
Facility Maintenance - Contingency	45,000	20,886	24,114	45,000	45,000	
Lighting Repairs	10,500	3,082	7,418	10,500	10,500	
Special Events	10,700	3,181	8,000	11,181	12,000	
Office Supplies & Equipment	1,400	658	742	1,400	1,400	
Janitorial	74,412	43,456	30,956	74,412	78,133	
Recreation Passes	4,000	1,559	2,441	4,000	4,000	
Multiuse Field	20,000	-	20,000	20,000	20,000	
TOTAL RECREATION FACILITY	$	595,312	$	284,455	$	320,822	$	605,276	$	630,763	
						
TOTAL EXPENDITURES	$ 2,188,723	$ 1,012,173	$ 1,168,812	$ 2,180,984	$ 2,176,083	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$ 1,133,945	$ (1,115,528)	$	18,417	$	-	

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.

Description	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.
Description	Monthly	Annual

Clay County off Duty Security

Security Contract

$	9,644  $

115,731

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	Description	Monthly	Annual	
83744906	2226 Pebblewood LA Apt 1	$	90	$	1,080	
66042924	302 Oakleaf Village Parkway	20	240	
61929298	3468 Worthington Oaks Drive Apt 1	20	240	
86638010	3570 Silver Bluff Blvd Apt 1	1,300	15,600	
60770057	563 Acornridge Lane Apt 1	30	360	
Contingency		83	1,000 

Total

$	1,543  $

18,520

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	Description	Monthly	Annual

7332265

Oakleaf Village Center Outdoor

$	220  $

2,640

5379615

East Side 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	Description	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 Wakemount 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:
Description	Monthly	Annual

Contract-Common Area  $

41,812  $

501,748

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:
Description	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:
Description	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	Description	Monthly	Annual

5217088

370 Oakleaf Village Pkwy

$	2,200  $

26,400

8763369

382 Oakleaf Village Pkwy Contingency

800	9,600
	50	600 

Total

$	3,050  $

36,600

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

Facility Center

$	450  $

5,400

Fitness Contingency

550	6,600
	50	600 

Total

$	1,050  $

12,600

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:
Description	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	Description	Monthly	Annual	
76832466	370 Oakleaf Village Parkway - Water	$	900	$	10,800	
76832466	370 Oakleaf Village Parkway - Sewer	450	5,400	
80532813	370 Oakleaf Village Parkway - Pool	300	3,600	
Fire Sprinkler	371 Oakleaf Village Parkway - Sprinkler		50	600 	
	Total JEA	$	1,700	$	20,400	
A00010662	566-1 Oakleaf Village Parkway	800	9,600	
A00009982	716-1 Wakemont Drive Reclaim	250	3,000	
A00011147	3178-1 Wandering Oaks Drive	50	600	
A00011148	1505-1 Canopy Oaks Drive R	200	2,400	
A00011149	1591-1 Canopy Oaks Drive R	800	9,600	
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

$	2,490  $

29,880

Contingency		100	1,200 

Facility Maintenance – General

Total

$	4,290  $

51,480

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.
Description	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 & Equipment
Represents estimated cost for office supplies for the Amenity Center.
Janitorial Services
The District has contracted with Riverside Management to provide janitorial services to the District.
Description	Monthly	Annual

Recreation Passes

Janitorial Contract

$	6,511  $

78,133

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 Field
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 2026

Actuals Thru	Projected Next  Projected Thru

4/30/26

	5 Months	

9/30/26

Approved Budget FY 2027

REVENUES:

Special Assessments - Tax Roll	$	1,976,742	$	1,931,984	$	29,894	$	1,961,878	$	1,961,888	
Special Assessments - Prepayments	-	5,148	-	5,148	-	
Interest Earnings	10,000	59,874	15,000	74,874	10,000	
Carry Forward Surplus (1)	983,859	1,000,566	-	1,000,566	1,088,216	
TOTAL REVENUES	$ 2,970,601	$ 2,997,572	$	44,894	$  3,042,466	$ 3,060,103	

EXPENDITURES:						
Series 2013A-1						
Interest 11/1	$	271,388	$	271,388	$	-	$	271,388	$	246,225	
Interest 5/1	271,388	-	271,388	271,388	246,225	
Principal 5/1	1,220,000	-	1,220,000	1,220,000	1,270,000	
Series 2013A-2						
Interest 11/1	38,238	38,238	-	38,238	34,931	
Interest 5/1	38,238	-	38,238	38,238	34,931	
Principal 5/1	115,000	-	115,000	115,000	125,000	
TOTAL EXPENDITURES	$ 1,954,250	$	309,625	$ 1,644,625	$  1,954,250	$ 1,957,313	

Other Sources/(Uses)						

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

EXCESS REVENUES (EXPENDITURES)	$ 1,016,351  $ 2,687,947  $ (1,599,731)  $  1,088,216  $ 1,102,791

TOTAL EXPENDITURES	$ 1,954,250  $	309,625  $ 1,644,625  $  1,954,250  $ 1,957,313

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

 $	251,369 

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

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
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			$  11,790,000  $	2,337,906	$  14,127,906	

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

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
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		$	1,215,000  $	335,800	$	1,550,800	

Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	
O&M Units	Bonds 2013
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
	
FY 2027	
FY 2026	
Increase/ (decrease)	
FY 2027	
FY 2026	Increase/ (decrease)	

Single Family	

2205	

2187	

$1,003.35	

$1,003.35	

$0.00	

0%	

$877.91	

$877.91	

$0.00	
Multi-Family	276	276	$733.45	$733.45	$0.00	0%	$605.49	$605.49	$0.00	
Village Center Retail	8000	0	$1.47	$1.47	$0.00	0%	$0.00	$0.00	$0.00	
Village Center Office	35000	0	$0.66	$0.66	$0.00	0%	$0.00	$0.00	$0.00	
Total	45481	2463								

Approved Budget Capital Reserve Fund

Description

Adopted Budget FY 2026

Actuals Thru	Projected Next  Projected Thru

4/30/26

	5 Months	

9/30/26

Approved Budget FY 2027

REVENUES:

Interest Income

$	10,000  $

35,912  $

15,000  $

50,912  $

10,000

Transfer In - Capital Reserve	360,024	-	360,024	360,024	297,126
Transfer In - Multiuse Field		-		-	-		-		20,000 Carry Forward Balance	1,755,699	1,732,233	-	1,732,233	1,943,169

TOTAL REVENUES	$ 2,125,723  $ 1,768,145  $	375,024  $ 2,143,169  $ 2,270,296

EXPENDITURES:

Capital Outlay

Repairs & Replacements

$	250,000  $

111,865  $

88,135  $

200,000  $

250,000

Multiuse Field	-	-	-	-	20,000

TOTAL EXPENDITURES	$	250,000  $	111,865  $	88,135  $	200,000  $	270,000

Other Sources/(Uses)

Transfer in/(Out)

$	-  $

-  $	-  $	-  $	-

EXCESS REVENUES (EXPENDITURES)	$ 1,875,723  $ 1,656,280  $	286,889  $ 1,943,169  $ 2,000,296

TOTAL EXPENDITURES	$	250,000  $	111,865  $	88,135  $	200,000  $	270,000

TOTAL OTHER SOURCES/(USES)	$	-  $	-  $	-  $	-  $	-

Exhibit "A" Allocation of Operating Reserve

Allocation of Operating Reserves

Estimated Funds Available

General Fund - Beginning Fund Balance - 10/1/25	$	130,591	
Recreation Fund - Beginning Fund Balance - 10/1/25	983,772	
Estimated General Excess Revenues - Fiscal Year 2026	4,755	
Estimated Recreation Excess Revenues- Fiscal Year 2026	18,417	

Total Estimated Operating Funds Available - 9/30/2026

 $	1,137,535 

Allocation of Funds Available

General Fund Operating Reserve - First Quarter Operating Capital	$	50,051	
Recreation Fund Operating Reserve - First Quarter Operating Capital	469,739	
Total Reserve	 $	519,790 	
Total Working Capital Surplus	 $	617,746 	

Capital Reserve- Beginning Fund Balance - 10/1/25

$	1,732,233

Projected Capital Excess Revenues - Fiscal Year 2026	210,936

Total Estimated Reserve Funds Available - 9/30/26

 $	1,943,169 

Interest Earned	$	10,000	
Recreation Fund Multiuse Field	20,000	
Recreation Fund Reserve	297,126	
Total Funding FY 2026	 $	327,126 	
Capital Reserve Estimated Expenditure - 9/30/27	 $	(270,000) 	
Total Estimate Reserve Fund Balances - 9/30/27	 $	2,000,296