Amelia Concourse

Community Development District

Adopted Budget
FY 2027

Presented by:

Table of Contents

1-2		General Fund

3-4		General Fund 2-Year Budget Summary

5-8		Narratives

9-10		Debt Service Fund Series 2007

11-12 	Debt Service Fund Series 2016

13-14 	Debt Service Fund Series 2019A

	Capital Reserve Fund

	Assessment Schedule

		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	
$  477,433	
$	483,528	
$	-	
$	483,528	
$	477,432	
Interest income	5,000	15,436	2,500	17,936	5,000	
Rental Revenue/Miscellaneous Revenue	1,000	25,920	1,000	26,920	1,000	
Carry Forward Surplus	29,296	-	29,296	29,296	50,000	
TOTAL REVENUES	$ 512,729	$	524,885	$	32,796	$	557,681	$	533,432	

EXPENDITURES:						
Administrative						
Supervisors	$	3,600	$	2,600	$	1,800	$	4,400	$	3,600	
FICA Expense	275	199	138	337	275	
Travel	300	-	300	300	300	
Engineering	7,500	8,218	1,783	10,000	7,500	
Attorney Fees	20,000	17,255	10,403	27,658	20,000	
Annual Audit	4,500	-	4,500	4,500	3,800	
Dissemination	12,152	9,614	2,538	12,152	12,500	
Assessment Roll Administration	8,680	8,680	-	8,680	8,940	
Property Appraiser	5,000	4,847	-	4,847	5,000	
Trustee Fees	14,946	12,039	2,908	14,946	16,300	
Arbitrage Rebate	1,800	600	1,200	1,800	1,800	
Management Fees	53,135	39,851	13,284	53,135	54,729	
Information Technology	2,315	1,736	578	2,315	2,384	
Website Maintenance	1,157	868	290	1,157	1,192	
Telephone	500	186	314	500	250	
Postage	1,000	252	748	1,000	750	
Insurance General Liability	12,672	11,939	-	11,939	13,133	
Printing & Binding	750	333	50	383	500	
Legal Advertising	2,500	924	1,576	2,500	2,500	
Other Current Charges	1,000	1,105	450	1,555	1,500	
Office Supplies	100	3	97	100	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$ 154,057	$	121,422	$	42,956	$	164,378	$	157,229	

	Adopted Budget	Actuals Thru	Projected Next  Projected Thru	Adopted Budget	
Description	FY 2026	6/30/26		3 Months		9/30/26	FY 2027	

Operations & Maintenance

Contract Services:		
Landscape Maintenance	$	58,250	$	29,169	$	9,531	$	38,700	$	59,415	
Lake Maintenance	9,400	4,528	1,560	6,088	9,400	
Field Operations Management	19,320	14,490	4,830	19,320	22,218	

Repairs & Maintenance						
Repairs & Maintenance	$	18,000	$	11,041	$	6,959	$	18,000	$	16,000	
Irrigation Repairs	4,000	2,250	1,750	4,000	4,000	
Landscape Contingency	10,000	12,184	8,500	20,684	17,000	

Utilities
Electric	

$	35,000	

$	24,145	

$	8,700	

$	32,845	

$	37,240	
Water & Sewer	23,000	6,608	15,892	22,500	25,300	
TOTAL OPERATIONS & MAINTENANCE	$ 176,970	$	104,415	$	57,722	$	162,137	$	190,573	

Amenity Center						
Insurance	$	22,361	$	19,890	$	-	$	19,890	$	18,478	
Facility Management	19,320	14,490	4,830	19,320	22,218	
Pool Maintenance	19,565	15,844	3,721	19,565	20,739	
Pool Chemicals	13,500	9,428	4,072	13,500	13,500	
Pool Permits	530	515	-	515	530	
Cable	2,200	1,705	495	2,200	2,200	
Janitorial	9,840	7,380	2,460	9,840	10,430	
Facility Maintenance	15,635	1,560	14,075	15,635	15,635	
Pest Control	1,000	1,015	243	1,258	1,000	
Refuse	750	634	212	846	900	
Holiday Decorations	2,000	4,230	-	4,230	5,000	
TOTAL AMENITY CENTER	$ 106,701	$	76,690	$	30,109	$	106,800	$	110,630	

Reserves						
Capital Reserve Fund	$	75,000	$	-	$	75,000	$	75,000	$	75,000	
TOTAL RESERVES	$  75,000	$	-	$	75,000	$	75,000	$	75,000	
						
TOTAL EXPENDITURES	$ 512,729	$	302,527	$	205,787	$	508,315	$	533,432	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	222,357	$  (172,991)	$	49,366	$	-	

Description

Amended Budget FY 2025

Actuals	Adopted	Projected Budget		Thru
FY 2025		FY 2026		9/30/26

Adopted Budget FY 2027

REVENUES:		
Special Assessments - Tax Roll	$  467,807	$	467,807	$	477,433	$	483,528	$	477,432	
Interest income	24,189	24,189	5,000	17,936	5,000	
Rental Revenue/Miscellaneous Revenue	1,270	1,270	1,000	26,920	1,000	
Carry Forward Surplus	11,141	-	29,296	-	50,000	
TOTAL REVENUES	$ 504,408	$  493,267	$	512,729	$ 528,385	$	533,432	

EXPENDITURES:						
Administrative						
Supervisors	$	6,000	$	4,200	$	3,600	$	4,400	$	3,600	
FICA Expense	459	321	275	337	275	
Travel	300	-	300	300	300	
Engineering	12,500	10,249	7,500	10,000	7,500	
Attorney Fees	30,000	22,577	20,000	27,658	20,000	
Annual Audit	4,550	4,550	4,500	4,500	3,800	
Dissemination	12,098	12,098	12,152	12,152	12,500	
Assessment Roll Administration	8,427	8,427	8,680	8,680	8,940	
Property Appraiser	5,000	4,640	5,000	4,847	5,000	
Trustee Fees	14,816	14,816	14,946	14,946	16,300	
Arbitrage Rebate	1,800	1,200	1,800	1,800	1,800	
Management Fees	51,588	51,588	53,135	53,135	54,729	
Information Technology	2,247	2,247	2,315	2,315	2,384	
Website Maintenance	1,124	1,124	1,157	1,157	1,192	
Telephone	500	242	500	500	250	
Postage	1,000	460	1,000	1,000	750	
Insurance General Liability	11,264	11,264	12,672	11,939	13,133	
Printing & Binding	999	999	750	383	500	
Legal Advertising	2,500	1,132	2,500	2,500	2,500	
Other Current Charges	1,000	889	1,000	1,555	1,500	
Office Supplies	100	4	100	100	100	
Dues, Licenses & Subscriptions	175	175	175	175	175	
TOTAL ADMINISTRATIVE	$ 168,446	$  153,201	$	154,057	$ 164,378	$	157,229	

Description

Amended Budget FY 2025

Actuals	Adopted	Projected Budget		Thru
FY 2025		FY 2026		9/30/26

Adopted Budget FY 2027

Operations & Maintenance

Contract Services:		
Landscape Maintenance	$	45,000	$	38,188	$	58,250	$	38,700	$	59,415	
Lake Maintenance	7,000	4,416	9,400	6,088	9,400	
Field Operations Management	16,800	16,800	19,320	19,320	22,218	

Repairs & Maintenance						
Repairs & Maintenance	$	18,000	$	15,597	$	18,000	$	18,000	$	16,000	
Irrigation Repairs	4,000	1,879	4,000	4,000	4,000	
Landscape Contingency	14,704	14,704	10,000	20,684	17,000	

Utilities
Electric	

$	35,000	

$	32,842	

$	35,000	

$	32,845	

$	37,240	
Water & Sewer	17,977	17,977	23,000	22,500	25,300	
TOTAL OPERATIONS & MAINTENANCE	$ 158,481	$  142,403	$	176,970	$ 162,137	$	190,573	

Amenity Center						
Insurance	$	20,242	$	20,242	$	22,361	$	19,890	$	18,478	
Facility Management	16,800	16,800	19,320	19,320	22,218	
Pool Maintenance	18,318	18,318	19,565	19,565	20,739	
Pool Chemicals	16,873	16,873	13,500	13,500	13,500	
Pool Permits	530	515	530	515	530	
Cable	2,200	1,993	2,200	2,200	2,200	
Janitorial	9,841	9,841	9,840	9,840	10,430	
Facility Maintenance	13,596	9,290	15,635	15,635	15,635	
Pest Control	1,323	1,323	1,000	1,258	1,000	
Refuse	759	759	750	846	900	
Holiday Decorations	2,000	-	2,000	4,230	5,000	
TOTAL AMENITY CENTER	$ 102,481	$	95,953	$	106,701	$ 106,800	$	110,630	

Reserves						
Capital Reserve Fund	$	75,000	$	75,000	$	75,000	$	75,000	$	75,000	
TOTAL RESERVES	$  75,000	$	75,000	$	75,000	$  75,000	$	75,000	
						
TOTAL EXPENDITURES	$ 504,408	$  466,558	$	512,729	$ 508,315	$	533,432	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	26,709	$	-	$  20,070	$	-	

REVENUES

Special Assessments-Tax Roll
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year. The assessment may either be invoiced directly to the property owner or placed on the Nassau County Tax Roll.
Interest Income
The District earns interest on the monthly average collected balance for each of its investment accounts.
Rental Revenue/Miscellaneous Revenue
Income received from residents for rental of clubroom or patio and other miscellaneous revenue.

Expenditures - Administrative

Supervisors' Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting they attend. The amount for the fiscal year is based upon three supervisors attending an estimated 6 annual meetings.
FICA Taxes
FICA expense represents the Employer's (District’s) share of Social Security and Medicare taxes withheld from the fee paid to the Board of Supervisors.
Travel
Expenses the Board of Supervisors may incur due to attending a CDD meeting or other District-related travel expenses.
Engineering
The District's engineer, Yuro & Associates, will be providing general engineering services to the District including attendance and preparation for board meetings, etc.
Attorney
The District's legal counsel, Kilinski Van Wyk, will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review of operating and maintenance contracts, etc.

Dissemination Agent
The District is required by the Securities 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		Description		Monthly	Annual GMS	Dissemination Agent	$		1,000 $		12,000 Disclosure Services Revised Amortization
Schedules		500 
Total	$	12,500
Annual Audit
The District is required annually to conduct an audit of its financial records by Grau and Associates, an Independent Certified Public Accounting Firm.

Assessment Roll Administration
The District's assessment roll administrator, Governmental Management Services, LLC, will provide services to prepare assessment rolls for district property owners, prepare estoppel letters, administer optional principal prepayments, and maintain the lien book for Series 2007, Series 2016, and Series 2019A Bonds.
Property Appraiser
The Nassau County Board of Commissioners provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Board of Commissioners for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The budget for Board of Commissioners costs was based on a unit price per parcel.

Trustee Fees
The District issued Series 2007, 2016, & 2019A Capital Improvement Revenue Bonds, which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District's Series 2007, 2016, & 2019A Capital Improvement Revenue Bonds.
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.

Expenditures - Administrative (continued)

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.
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.
Telephone
The cost of telephone and fax machine service.
Postage and Delivery
Mailing of agenda packages, overnight deliveries, correspondence, etc.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Printing and Binding
Printing and binding agenda packages for board meetings, printing of computerized checks, stationery, envelopes, etc.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses incurred during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Dues, Licenses & Subscriptions
The District is required to pay an annual fee of $175 to the Florida Department of Commerce.

Expenditures – Field (Contract Services)

Landscape Maintenance
The District has contracted with The Greenery, Inc. to provide landscaping and irrigation maintenance services to all the common areas within the District. Includes plant maintenance at the Social Hall.
Vendor	Description	Monthly	Annual

Lake Maintenance

The Greenery, Inc. Landscape Maintenance $

4,951  $

59,415

The District has contracted with Sitex Aquatics, LLC to provide monthly water management services to all the lakes throughout the District.
Vendor	Description	Monthly	Annual

Sitex Aquatics	Lake Maintenance

$	700  $

8,400

Contingency		-	1,000 

Field Operations Management

Total

$	9,400

The District has contracted with Governmental Management Services, LLC to provide onsite field management of contracts for District services such as landscape and lake maintenance. Services include weekly site inspections, meetings with contractors, monitoring of utility accounts, attending Board meetings, and receiving and responding to property owner phone calls and emails.
Vendor	Description	Monthly	Annual

GMS, LLC	Management Fees	$

1,852  $

22,218

Expenditures – Field (Repairs & Maintenance)

Repairs & Maintenance
Represents any funds that will be used to make repairs, replacements, and maintenance to facilities or equipment in the District.
Irrigation Repairs
Represents any funds that are paid for repairs to the irrigation system of the District.

Landscape Contingency
Represents additional landscape services not provided in contracted services. Services include, but are not limited to, installing mulch, removing trees, and seasonal flower rotation.

Expenditures – Field (Utilities)

Electric
The cost of electricity for Amelia Concourse CDD for the following accounts with FPL:

Location	Meter Number	Monthly	Annual	
85200 Amaryllis Ct	6616480262	$	850	$	10,200	
85200 Amaryllis Ct St Lights	6939729510	800	9,600	
95016 Daisy Ln # Entry Light	4782307021	40	480	
100 Amaryllis Ct	1099548073	1,300	15,600	
85152 Amaryllis Ct	8028456484	30	360	
Contingency		-	1,000 
Total	$	37,240

Water & Sewer
The cost of water, sewer, and irrigation services for Amelia Concourse CDD for the following accounts with JEA:

Location	Meter Number	Monthly	Annual	
85190 Amaryllis Ct	67891789	$	1,200	$	14,400	
85200 Amaryllis Ct	67891709	500	6,000	
85200 Amaryllis Ct - Sewer	94707602	200	2,400	
85200 Amaryllis Ct - Water	94707602	125	1,500	
Contingency		-	1,000 
Total	$	25,300

Expenditures – Amenity Center

Insurance
The District has issued a Property Insurance policy with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.
Facility Management
Represents the cost to staff the Amenity Center, oversee maintenance contracts related to the Amenity Center such as janitorial and pool maintenance, conduct various special events throughout the year, administer rental program, issue access cards to new residents, respond to resident requests, etc.
Vendor	Description	Monthly	Annual	
GMS, LLC	Management Fees	$	1,852  $	22,218	
Pool Maintenance
The District has contracted with GMS, LLC for pool cleaning, water testing, treatment, checking chemicals, and backwashing of the Amenity Center pool.
Vendor	Description	Monthly	Annual	
GMS, LLC	Pool Maintenance	$	1,728  $	20,739	

Expenditures – Amenity Center (Continued)

Pool Chemicals
The District has contracted with Hawkins Inc. for chemicals needed to maintain the Amenity Center pool.
Vendor	Description	Monthly	Annual

Pool Permits

Hawkins Inc.	Pool Chemicals

$	1,125  $

13,500

Represents the estimated cost for pool permits.
Cable
The District has contracted with AT&T for cable and internet services.
Vendor	Description	Monthly	Annual

Janitorial

AT&T	Cable & Internet	$

183  $

2,200

The District has contracted with GMS, LLC to provide janitorial services for the Amenity Center.
Vendor	Description	Monthly	Annual

Facility Maintenance

GMS, LLC	Janitorial Services	$

869  $

10,430

The cost of routine repairs and maintenance of the District's common areas and Amenity Center.
Pest Control
The estimated costs for Nader's Pest Control to provide monthly pest control services.
Refuse
Garbage disposal services provided by Meridian Waste.
Vendor	Description	Monthly	Annual

Holiday Decorations

Meridian Waste	Refuse

$	75  $

900

The cost to install holiday lights around the CDD.

Expenditures – Reserves

Capital Reserve Fund
Money set aside for future replacements of capital-related items.

Adopted Budget
Debt Service Series 2007 Capital Improvement Revenue 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-On Roll	
$	111,295	
$	111,575	
$	-	
$	111,575	
$	111,295	
Interest Earnings	5,000	7,516	1,500	9,016	5,000	
Carry Forward Surplus (1)	133,469	134,219	-	134,219	132,197	
TOTAL REVENUES	$	249,764	$	253,310	$	1,500	$	254,810	$	248,493	

EXPENDITURES:					
Interest - 11/1	$	28,463	$	28,463	$	-  $	28,463	$	26,594	
Principal Prepayment - 11/1	-	15,000	-	15,000	-	
Interest - 5/1	28,463	28,031	-	28,031	26,594	
Principal - 5/1	50,000	50,000	-	50,000	55,000	
TOTAL EXPENDITURES	$	106,925	$	121,494	$	-  $	121,494	$	108,188	

Other Sources/(Uses)	

Interfund transfer (Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
Interfund transfer In	-	-	-	-	-	
Property Appraiser	(1,200)	(1,118)	-	(1,118)	(1,200)	
TOTAL OTHER SOURCES/(USES)	$	(1,200)	$	(1,118)	$	-	$	(1,118)	$	(1,200)	
						
TOTAL EXPENDITURES	$	108,125	$	122,612	$	-	$	122,612	$	109,388	
						
EXCESS REVENUES (EXPENDITURES)	$	141,639	$	130,697	$	1,500	$	132,197	$	139,105	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$	25,013

AMORTIZATION SCHEDULE
Debt Service Series 2007 Capital Improvement Revenue Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	925,000	5.750%	-	26,594	26,594	
05/01/27	870,000	5.750%	55,000	26,594		
11/01/27	870,000	5.750%	-	25,013	106,606	
05/01/28	810,000	5.750%	60,000	25,013		
11/01/28	810,000	5.750%	-	23,288	108,300	
05/01/29	750,000	5.750%	60,000	23,288		
11/01/29	750,000	5.750%	-	21,563	104,850	
05/01/30	685,000	5.750%	65,000	21,563		
11/01/30	685,000	5.750%	-	19,694	106,256	
05/01/31	615,000	5.750%	70,000	19,694		
11/01/31	615,000	5.750%	-	17,681	107,375	
05/01/32	540,000	5.750%	75,000	17,681		
11/01/32	540,000	5.750%	-	15,525	108,206	
05/01/33	460,000	5.750%	80,000	15,525		
11/01/33	460,000	5.750%	-	13,225	108,750	
05/01/34	380,000	5.750%	80,000	13,225		
11/01/34	380,000	5.750%	-	10,925	104,150	
05/01/35	295,000	5.750%	85,000	10,925		
11/01/35	295,000	5.750%	-	8,481	104,406	
05/01/36	205,000	5.750%	90,000	8,481		
11/01/36	205,000	5.750%	-	5,894	104,375	
05/01/37	105,000	5.750%	100,000	5,894		
11/01/37	105,000	5.750%	-	3,019	108,913	
05/01/38	-	5.750%	105,000	3,019		
11/01/38	-	5.750%	-	-	108,019	
Total			$	925,000	$	381,800	$	1,306,800	

Adopted Budget
Debt Service Series 2016 Capital Improvement Revenue 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-On Roll	
$	146,859	
$	148,734	
$	-	
$	148,734	
$	146,859	
Special Assessments - Prepayment	-	32,643	-	32,643	-	
Interest Earnings	5,000	5,711	500	6,211	5,000	
Carry Forward Surplus (1)	97,921	98,681	-	98,681	132,628	
TOTAL REVENUES	$	249,780	$	285,769	$	500	$	286,269	$	284,487	

EXPENDITURES:					
Interest - 11/1	$	51,150	$	51,150	$	-  $	51,150	$	49,650	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	51,150	51,000	-	51,000	49,650	
Principal - 5/1	40,000	40,000	-	40,000	40,000	
Principal Prepayment - 5/1	-	5,000	-	5,000	-	
TOTAL EXPENDITURES	$  142,300	$	152,150	$	-  $	152,150	$	139,300	

Other Sources/(Uses)	

Interfund transfer (Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
Interfund transfer In	-	-	-	-	-	
Property Appraiser	(1,500)	(1,491)	-	(1,491)	(1,500)	
TOTAL OTHER SOURCES/(USES)	$	(1,500)	$	(1,491)	$	-	$	(1,491)	$	(1,500)	
						
TOTAL EXPENDITURES	$  143,800	$	153,641	$	-	$	153,641	$	140,800	
						
EXCESS REVENUES (EXPENDITURES)	$  105,980	$	132,128	$	500	$	132,628	$	143,687	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$	48,450

AMORTIZATION SCHEDULE
Debt Service Series 2016 Capital Improvement Revenue Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	1,655,000	6.0%	-	49,650	49,650	
05/01/27	1,655,000	6.0%	40,000	49,650		
11/01/27	1,615,000	6.0%	-	48,450	138,100	
05/01/28	1,615,000	6.0%	45,000	48,450		
11/01/28	1,570,000	6.0%	-	47,100	140,550	
05/01/29	1,570,000	6.0%	45,000	47,100		
11/01/29	1,525,000	6.0%	-	45,750	137,850	
05/01/30	1,525,000	6.0%	50,000	45,750		
11/01/30	1,475,000	6.0%	-	44,250	140,000	
05/01/31	1,475,000	6.0%	50,000	44,250		
11/01/31	1,425,000	6.0%	-	42,750	137,000	
05/01/32	1,425,000	6.0%	55,000	42,750		
11/01/32	1,370,000	6.0%	-	41,100	138,850	
05/01/33	1,370,000	6.0%	55,000	41,100		
11/01/33	1,315,000	6.0%	-	39,450	135,550	
05/01/34	1,315,000	6.0%	60,000	39,450		
11/01/34	1,255,000	6.0%	-	37,650	137,100	
05/01/35	1,255,000	6.0%	65,000	37,650		
11/01/35	1,190,000	6.0%	-	35,700	138,350	
05/01/36	1,190,000	6.0%	70,000	35,700		
11/01/36	1,120,000	6.0%	-	33,600	139,300	
05/01/37	1,120,000	6.0%	75,000	33,600		
11/01/37	1,045,000	6.0%	-	31,350	139,950	
05/01/38	1,045,000	6.0%	80,000	31,350		
11/01/38	965,000	6.0%	-	28,950	140,300	
05/01/39	965,000	6.0%	85,000	28,950		
11/01/39	880,000	6.0%	-	26,400	140,350	
05/01/40	880,000	6.0%	90,000	26,400		
11/01/40	790,000	6.0%	-	23,700	140,100	
05/01/41	790,000	6.0%	95,000	23,700		
11/01/41	695,000	6.0%	-	20,850	139,550	
05/01/42	695,000	6.0%	100,000	20,850		
11/01/42	595,000	6.0%	-	17,850	138,700	
05/01/43	595,000	6.0%	105,000	17,850		
11/01/43	490,000	6.0%	-	14,700	137,550	
05/01/44	490,000	6.0%	110,000	14,700		
11/01/44	380,000	6.0%	-	11,400	136,100	
05/01/45	380,000	6.0%	120,000	11,400		
11/01/45	260,000	6.0%	-	7,800	139,200	
05/01/46	260,000	6.0%	125,000	7,800		
11/01/46	135,000	6.0%	-	4,050	136,850	
05/01/47	135,000	6.0%	135,000	4,050	139,050	
Total			$	1,655,000	$	1,305,000	$	2,960,000	

Adopted Budget
Debt Service Series 2019A Capital Improvement Revenue 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	
$	179,916	
$	180,962	
$	-	
$	180,962	
$	179,916	
Interest Earnings	5,000	6,267	500	6,767	5,000	
Carry Forward Surplus (1)	57,789	79,839	-	79,839	78,604	
TOTAL REVENUES	$	242,705	$	267,068	$	500	$	267,568	$	263,520	

EXPENDITURES:					
Interest - 11/1	$	64,693	$	64,693	$	-  $	64,693	$	63,139	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	64,693	64,551	-	64,551	63,139	
Principal - 5/1	45,000	45,000	-	45,000	50,000	
Principal Prepayment - 5/1	-	5,000	-	5,000	-	
TOTAL EXPENDITURES	$  174,385	$	184,244	$	-  $	184,244	$  176,278	

Other Sources/(Uses)	

Interfund transfer (Out)	
$	-	
$	(2,906)	
$	-	
$	(2,906)	
$	-	
Interfund transfer In	-	-	-	-	-	
Property Appraiser	(1,900)	(1,814)	-	(1,814)	(1,900)	
TOTAL OTHER SOURCES/(USES)	$	(1,900)	$	(4,720)	$	-	$	(4,720)	$	(1,900)	
						
TOTAL EXPENDITURES	$  176,285	$	188,964	$	-	$	188,964	$  178,178	
						
EXCESS REVENUES (EXPENDITURES)	$	66,420	$	78,104	$	500	$	78,604	$	85,342	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$	61,726

AMORTIZATION SCHEDULE
Debt Service Series 2019A Capital Improvement Revenue Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/26	$	2,235,000	5.650%	-	$	63,139	$	63,139	
05/01/27	2,235,000	5.650%	50,000	63,139		
11/01/27	2,185,000	5.650%	-	61,726	174,865	
05/01/28	2,185,000	5.650%	50,000	61,726		
11/01/28	2,135,000	5.650%		60,314	172,040	
05/01/29	2,135,000	5.650%	55,000	60,314		
11/01/29	2,080,000	5.650%	-	58,760	174,074	
05/01/30	2,080,000	5.650%	60,000	58,760		
11/01/30	2,020,000	5.650%	-	57,065	175,825	
05/01/31	2,020,000	5.650%	60,000	57,065		
11/01/31	1,960,000	5.650%	-	55,370	172,435	
05/01/32	1,960,000	5.650%	65,000	55,370		
11/01/32	1,895,000	5.650%	-	53,534	173,904	
05/01/33	1,895,000	5.650%	70,000	53,534		
11/01/33	1,825,000	5.650%	-	51,556	175,090	
05/01/34	1,825,000	5.650%	75,000	51,556		
11/01/34	1,750,000	5.650%	-	49,438	175,994	
05/01/35	1,750,000	5.650%	75,000	49,438		
11/01/35	1,675,000	5.650%	-	47,319	171,756	
05/01/36	1,675,000	5.650%	80,000	47,319		
11/01/36	1,595,000	5.650%	-	45,059	172,378	
05/01/37	1,595,000	5.650%	85,000	45,059		
11/01/37	1,510,000	5.650%	-	42,658	172,716	
05/01/38	1,510,000	5.650%	90,000	42,658		
11/01/38	1,420,000	5.650%	-	40,115	172,773	
05/01/39	1,420,000	5.650%	95,000	40,115		
11/01/39	1,325,000	5.650%	-	37,431	172,546	
05/01/40	1,325,000	5.650%	100,000	37,431		
11/01/40	1,225,000	5.650%	-	34,606	172,038	
05/01/41	1,225,000	5.650%	110,000	34,606		
11/01/41	1,115,000	5.650%	-	31,499	176,105	
05/01/42	1,115,000	5.650%	115,000	31,499		
11/01/42	1,000,000	5.650%	-	28,250	174,749	
05/01/43	1,000,000	5.650%	120,000	28,250		
11/01/43	880,000	5.650%	-	24,860	173,110	
05/01/44	880,000	5.650%	125,000	24,860		
11/01/44	755,000	5.650%	-	21,329	171,189	
05/01/45	755,000	5.650%	135,000	21,329		
11/01/45	620,000	5.650%	-	17,515	173,844	
05/01/46	620,000	5.650%	140,000	17,515		
11/01/46	480,000	5.650%		13,560	171,075	
05/01/47	480,000	5.650%	150,000	13,560		
11/01/47	330,000	5.650%		9,323	172,883	
05/01/48	330,000	5.650%	160,000	9,323		
11/01/48	170,000	5.650%		4,803	174,125	
05/01/49	170,000	5.650%	170,000	4,803	174,803	
Total	$	2,235,000	$	1,818,453	$	4,053,453	

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	$	5,000	$	7,490	$	500	$	7,990	$	5,000	
Capital Reserve Funding - Transfer In	75,000	-	75,000	75,000	75,000	
Carry Forward Balance	239,061	301,025	-	301,025	285,836	
TOTAL REVENUES	$	319,061	$	308,515	$	75,500	$	384,015	$	365,836	

EXPENDITURES:						
Capital Outlay	$	20,000	$	-	$	10,000	$	10,000	$	10,000	
Repair and Replacements	50,000	73,180	15,000	88,180	100,000	
TOTAL EXPENDITURES	$	70,000	$	73,180	$	25,000	$	98,180	$	110,000	

Other Sources/(Uses)						

Transfer in/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	70,000	$	73,180	$	25,000	$	98,180	$	110,000	
						
EXCESS REVENUES (EXPENDITURES)	$	249,061	$	235,336	$	50,500	$	285,836	$	255,836	

Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	O&M Units	
Annual Maintenance Assessments	
	
FY 2027	
FY2026	
Increase/ (decrease)	
SF	458	$1,120.89	$1,120.89	$0.00	0.00%	
	
Total	458	$1,120.89	$1,120.89	$0.00	$0.00