Title: DB FY27 APPROVED.xlsx
Author: Oksana Kuzmuk

Double Branch
Community Development District
Budget Narrative General Fund
Fiscal Year 2027

Double Branch
Community Development District

Double Branch
Community Development District
Budget Narrative Recreation Fund
Fiscal Year 2027

Double Branch
Community Development District
Budget Narrative Recreation Fund
Fiscal Year 2027

Expenditures – Maintenance Common Area (continued)

Double Branch
Community Development District
Budget Narrative Recreation Fund
Fiscal Year 2027

Expenditures – Recreation Facility (continued)

Double Branch

Community Development District

Adopted Budget
FY 2027

Presented by:

Table of Contents

3

4-5

6

7-11

12-14

15

16

	General Fund

	Narratives

	Recreation Fund

	Narratives

	Debt Service Fund Series 2013

	Capital Reserve Fund

	Assessment Allocation

17		Exhibit A

Double Branch
Community Development District
Adopted Budget General Fund

| Adopted Budget | Actuals Thru | Projected Next | Projected Thru | Adopted Budget
Description | FY 2026 | 6/30/26 | 3 Months | 9/30/26 | FY 2027
REVENUES: | | | | |
Special Assessments - Tax Roll | $	184,126 | $	184,724 | $	- | $	184,724 | $	196,702
Interest income | 4,500 | 4,124 | 500 | 4,624 | 3,500
TOTAL REVENUES | $	188,626 | $	188,848 | $	500 | $	189,348 | $	200,202
EXPENDITURES: | | | | |
Administrative | | | | |
Supervisor Fees | $	12,000 | $	9,000 | $	3,000 | $	12,000 | $	12,000
FICA Expense | 918 | 689 | 230 | 918 | 918
Engineering | 5,000 | 8,251 | 5,500 | 13,751 | 13,000
Arbitrage Rebate | 700 | 700 | - | 700 | 700
Dissemination | 1,888 | 1,416 | 472 | 1,888 | 2,020
Assessment Roll Administration | 9,688 | 9,688 | - | 9,688 | 10,270
Attorney | 42,000 | 14,645 | 15,000 | 29,645 | 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 | 57,382 | 19,127 | 76,509 | 81,099
Information Technology | 2,527 | 1,895 | 632 | 2,527 | 2,679
Telephone | 600 | 258 | 342 | 600 | 600
Postage | 2,000 | 224 | 1,776 | 2,000 | 2,000
Printing | 2,500 | 578 | 1,922 | 2,500 | 2,500
Insurance General Liability | 11,552 | 10,268 | - | 10,268 | 11,295
Legal Advertising | 2,800 | 749 | 2,051 | 2,800 | 2,800
Office Supplies | 200 | 6 | 194 | 200 | 200
Website Maintenance | 2,949 | 2,212 | 738 | 2,949 | 3,126
Dues, Licenses & Subscriptions | 175 | 175 | - | 175 | 175
Other Current Charges | 120 | - | 120 | 120 | 120
TOTAL ADMINISTRATIVE | $	188,626 | $	135,512 | $	51,104 | $	186,616 | $	200,202
TOTAL EXPENDITURES | $	188,626 | $	135,512 | $	51,104 | $	186,616 | $	200,202
Other Sources/(Uses) | | | | |
Interfund Transfer In/(Out) | $	- | $	- | $	- | $	- | $	-
TOTAL OTHER SOURCES/(USES) | $	- | $	- | $	- | $	- | $	-
EXCESS REVENUES (EXPENDITURES) | $	- | $	53,335 | $	(50,604) | $	2,732 | $	-

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 Recreation Fund

| Adopted Budget | Actuals Thru | Projected Next | Projected Thru | Adopted Budget
Description | FY 2026 | 6/30/26 | 3 Months | 9/30/26 | FY 2027
REVENUES: | | | | |
Special Assessments - Tax Roll | $	2,118,723 | $	2,125,605 | $	- | $	2,125,605 | $	2,106,083
Interest income | 25,000 | 41,270 | 5,000 | 46,270 | 25,000
Amenities Revenue/Miscellaneous | 25,000 | 24,500 | 5,000 | 29,500 | 25,000
Sports Revenue | 20,000 | 15,575 | 5,000 | 20,575 | 20,000
TOTAL REVENUES | $ 2,188,723 | $ 2,206,950 | $	15,000 | $ 2,221,950 | $ 2,176,083
EXPENDITURES: | | | | |
Administrative | | | | |
Management Fees - On Site Staff | $	245,615 | $	184,211 | $	61,403 | $	245,615 | $	257,895
Insurance | 127,990 | 91,669 | - | 91,669 | 91,669
Other Current Charges | 3,500 | 2,585 | 915 | 3,500 | 3,500
Permit Fees | 1,625 | 1,508 | 117 | 1,625 | 1,625
TOTAL ADMINISTRATIVE | $	378,730 | $	279,973 | $	62,435 | $	342,409 | $	354,689
Operations & Maintenance | | | | |
Maintenance | | | | |
Security | $	111,280 | $	84,996 | $	26,284 | $	111,280 | $	115,731
Security - Clay County Off-Duty Sheriff | 47,304 | 17,104 | 30,200 | 47,304 | 50,615
Water - Irrigation | 17,000 | 13,087 | 3,913 | 17,000 | 18,520
Irrigation Maintenance | 5,000 | 22,071 | 5,000 | 27,071 | 15,000
Streetlighting | 29,640 | 21,345 | 8,295 | 29,640 | 29,640
Electric | 43,800 | 30,249 | 13,551 | 43,800 | 43,800
Landscape Maintenance | 487,134 | 365,350 | 121,783 | 487,134 | 501,748
Common Area Maintenance | 82,500 | 42,465 | 40,035 | 82,500 | 87,450
Lake Maintenance | 31,000 | 22,730 | 8,270 | 31,000 | 31,000
Capital Reserve | 360,024 | - | 360,024 | 360,024 | 297,126
TOTAL MAINTENANCE | $ 1,214,681 | $	619,398 | $	617,354 | $ 1,236,752 | $ 1,190,630
Recreation Facility | | | | |
Amenity Staff | $	165,840 | $	120,134 | $	45,706 | $	165,840 | $	180,000
Refuse Services | 20,000 | 21,796 | 7,800 | 29,596 | 30,000
Telephone | 8,400 | 4,743 | 3,657 | 8,400 | 8,400
Electric | 34,800 | 26,443 | 8,357 | 34,800 | 36,600
Cable | 11,280 | 8,845 | 2,700 | 11,545 | 12,600
Pool Maintenance | 43,200 | 31,838 | 11,362 | 43,200 | 43,200
Water/Sewer/Reclaim | 53,280 | 40,139 | 13,141 | 53,280 | 51,480
Facility Maintenance - General | 82,500 | 43,231 | 39,269 | 82,500 | 87,450
Facility Maintenance - Preventative | 10,000 | 3,350 | 6,650 | 10,000 | 10,000
Facility Maintenance - Contingency | 45,000 | 23,355 | 21,645 | 45,000 | 45,000
Lighting Repairs | 10,500 | 3,582 | 6,918 | 10,500 | 10,500
Special Events | 10,700 | 4,834 | 8,000 | 12,834 | 12,000
Office Supplies & Equipment | 1,400 | 676 | 724 | 1,400 | 1,400
Janitorial | 74,412 | 55,858 | 18,554 | 74,412 | 78,133
Recreation Passes | 4,000 | 2,945 | 1,055 | 4,000 | 4,000
Multiuse Field | 20,000 | - | 20,000 | 20,000 | 20,000
TOTAL RECREATION FACILITY | $	595,312 | $	391,768 | $	215,539 | $	607,307 | $	630,763
TOTAL EXPENDITURES | $ 2,188,723 | $ 1,291,139 | $	895,328 | $ 2,186,467 | $ 2,176,083
EXCESS REVENUES (EXPENDITURES) | $	- | $	915,811 | $  (880,328) | $	35,483 | $	-

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.

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

| | Adopted Budget | Actuals Thru | Projected Next | Projected Thru | Adopted Budget
Description | FY 2026 | 6/30/26 | 3 Months | 9/30/26 | FY 2027
REVENUES: | | | | | |
Special Assessments - Tax Roll | $	1,976,742 | $	1,968,283 | $	- | $	1,968,283 | $	1,961,888
Special Assessments - Prepayments | - | 10,296 | - | 10,296 | -
Interest Earnings | 10,000 | 76,455 | 3,000 | 79,455 | 10,000
Carry Forward Surplus ^(1) | 983,859 | 1,000,566 | - | 1,000,566 | 1,104,351
TOTAL REVENUES | $ 2,970,601 | $ 3,055,601 | $	3,000 | $  3,058,601 | $ 3,076,238
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 | $ 1,954,250 | $	- | $  1,954,250 | $ 1,957,313
Other Sources/(Uses)
Interfund transfer In/(Out) | $	- | $	- | $	- | $	- | $	-
TOTAL OTHER SOURCES/(USES) | $	- | $	- | $	- | $	- | $	-

TOTAL EXPENDITURES | $ 1,954,250 | $ 1,954,250 | $	- | $  1,954,250 | $ 1,957,313
EXCESS REVENUES (EXPENDITURES) | $ 1,016,351 | $ 1,101,351 | $	3,000 | $  1,104,351 | $ 1,118,926

^(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

Adopted Budget Capital Reserve Fund

| Adopted Budget | Actuals Thru | Projected Next | Projected Thru | Adopted Budget
Description | FY 2026 | 6/30/26 | 3 Months | 9/30/26 | FY 2027
REVENUES: | | | | |
Interest Income | $	10,000 | $	46,059 | $	3,000 | $	49,059 | $	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 | 1,941,316
TOTAL REVENUES | $ 2,125,723 | $ 1,778,292 | $	363,024 | $ 2,141,316 | $ 2,268,442
EXPENDITURES: | | | | |
Capital Outlay | | | | |
Repairs & Replacements	$	250,000 | $	172,396 | $	27,604 | $	200,000 | $	250,000
Multiuse Field	^- | - | - | - | 20,000
^TOTAL ^EXPENDITURES	$	250,000 | $	172,396 | $	27,604 | $	200,000 | $	270,000
Other Sources/(Uses) | | | | |
Transfer in/(Out) | $	- | $	- | $	- | $	- | $	-
TOTAL OTHER SOURCES/(USES) | $	- | $	- | $	- | $	- | $	-
TOTAL EXPENDITURES | $	250,000 | $	172,396 | $	27,604 | $	200,000 | $	270,000
EXCESS REVENUES (EXPENDITURES) | $ 1,875,723 | $ 1,605,896 | $	335,420 | $ 1,941,316 | $ 1,998,442

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 | | | | | | |

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 | 2,732
Estimated Recreation Excess Revenues- Fiscal Year 2026 | 35,483

Total Estimated Operating Funds Available - 9/30/2026

 $	1,152,577 

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 | $	632,788

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

$	1,732,233

Projected Capital Excess Revenues - Fiscal Year 2026	209,083

Total Estimated Reserve Funds Available - 9/30/26

 $	1,941,316 

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 | $	1,998,442

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