Durbin Crossing

Community Development District

Adopted Budget
FY2026

Presented by:

Table of Contents

1-2		General Fund	

3-8	
	Narratives	

9	
	Debt Service Fund Series 2017	

10	
	Series 2017-1 Amortization Schedule	

11	
	Series 2017-2 Amortization Schedule	

12	
	Capital Reserve Fund	

13	
	Assessment Schedule	

REVENUES:		
Special Assessments - On Roll	$	2,681,509	$	2,696,513	$	-	$	2,696,513	$	2,960,402	
Interest income	45,000	30,372	2,500	32,872	20,000	
Other Revenues	30,000	17,972	1,500	19,472	30,000	
Carry Forward Surplus	6,094	-	49,517	49,517	22,227	
TOTAL REVENUES	$ 2,762,603	$ 2,744,857	$	53,517	$ 2,798,374	$ 3,032,629	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	9,000	$	2,000	$	11,000	$	12,000	
FICA Taxes	918	689	153	842	918	
Assessment Roll Administration	5,459	5,459	-	5,459	5,732	
Engineering Fees	13,000	10,650	2,350	13,000	13,000	
Dissemination Fees	7,860	7,050	810	7,860	8,253	
Attorney Fees	50,000	65,092	10,000	75,092	50,000	
Annual Audit	4,500	-	4,500	4,500	4,600	
Trustee Fees	10,800	10,775	25	10,800	11,880	
Arbitrage	1,200	1,200	-	1,200	1,200	
Impact Fee Administration	16,377	13,648	2,730	16,377	17,196	
Management Fees	56,035	46,696	9,339	56,035	58,837	
Information Technology	1,638	1,365	273	1,638	1,720	
Website Maintenance	1,092	910	182	1,092	1,146	
Telephone	800	166	634	800	800	
Postage	3,000	3,625	200	3,825	3,000	
Printing & Binding	2,300	4,858	200	5,058	2,000	
Insurance General Liability	9,461	8,488	-	8,488	9,550	
Legal Advertising	2,000	1,035	965	2,000	2,000	
Other Current Charges	500	561	139	700	700	
Office Supplies	150	9	141	150	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	199,265	$	191,450	$	34,640	$	226,089	$	204,857	

Operations & Maintenance						
Amenity Center						
Insurance	$	46,680	$	42,167	$	-	$	42,167	$	45,064	
Repairs & Replacements	85,000	91,071	18,423	109,494	110,000	
Recreational Passes	3,000	1,250	750	2,000	2,000	
Office Supplies	5,000	2,940	1,000	3,940	5,000	
Permit Fees	4,500	3,936	564	4,500	4,500	
Utilities						
Water & Sewer	38,900	22,242	16,658	38,900	38,900	
Electric	32,000	25,179	6,821	32,000	28,600	
Cable/Phone/Internet	21,000	20,911	89	21,000	22,000	
Security System	1,670	3,133	1,867	5,000	1,000	
Amenity Center Management Contract
Managerial (Vesta)	255,503	
212,919	
42,584	
255,503	
263,168	
Staffing (Vesta)	273,601	228,001	45,600	273,601	281,809	
Lifeguards (Vesta)	98,189	68,893	29,296	98,189	101,135	
Mobile App/Website (Vesta)	3,500	2,917	583	3,500	3,605	
Refuse Service	9,000	9,573	1,800	11,373	11,500	
Pool Chemicals	35,700	30,427	6,116	36,543	35,700	
Special Events	30,000	33,765	6,235	40,000	50,000	
Holiday Décor	20,000	12,350	-	12,350	20,000	
Pest Control	8,000	5,355	1,000	6,355	8,000	
Pressure Washing	9,000	1,700	2,000	3,700	9,000	
Fitness Equip Maintenance	8,500	1,863	2,500	4,363	8,500	
TOTAL AMENITY CENTER	$	988,743	$	820,591	$	183,887	$ 1,004,478	$ 1,049,481	

Grounds Maintenance						
Electric	$	10,000	$	7,835	$	2,165	$	10,000	$	10,000	
Water & ReUse	300,000	141,810	145,447	287,257	325,000	
Streetlighting	75,000	60,839	14,161	75,000	75,000	
Lake Maintenance	55,620	48,759	6,861	55,620	57,289	
Landscape Maintenance	562,267	468,556	93,711	562,267	579,135	
Landscape Contingency	82,000	57,399	10,000	67,399	103,381	
Mulch	72,500	69,900	-	69,900	65,000	
Sod/Irrigation Replacement	180,000	175,247	-	175,247	450,000	
Islesbrook Rd Sod Replacement	-	-	-	-	77,587	
Fuel	900	640	120	760	900	
Irrigation Repairs	15,000	18,321	2,500	20,821	35,000	
Capital Reserve Funding	221,309	-	221,309	221,309	-	
TOTAL GROUNDS MAINTENANCE	$ 1,574,595	$ 1,049,305	$	496,275	$ 1,545,579	$ 1,778,292	
						
TOTAL EXPENDITURES	$ 2,762,603	$ 2,061,345	$	714,801	$ 2,776,146	$ 3,032,629	
						
EXCESS REVENUES (EXPENDITURES)	$	(0)	$	683,511	$  (661,284)	$	22,227	$	-	

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. The assessments will be collected by the St. Johns County Tax Collectors Office.
Interest Income
The District earns interest on the monthly average collected balance for each of their investment accounts.
Other Revenues
Revenue received from access cards, rental fees, event fees, event sponsorships, insurance claims, and recreational programs.

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. The budgeted amount for the fiscal year is based on all supervisors attending 12 meetings.
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.
Assessment Roll Administration
Charge to the District for the services of Governmental Management Services, LLC to manage the assessment roll and Lien Books relating to the Series 2017A-1/A-2 bonds.
Engineering Fees
The District's engineering firm, England, Thims & Miller, Inc., will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.
Dissemination Fees
The Annual Disclosure Report prepared by Governmental Management Services, LLC required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Attorney Fees
General legal services provided by the law firm of Kutak Rock LLP, who provide general legal services to the District, including attendance and preparation for monthly CDD meetings, preparation and review of agreements, resolutions, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Berger, Toombs, Elam to conduct their annual audit.
Trustee Fees
The District’s Series 2017A-1/A-2 Special Assessment Bonds are held by a Trustee with US Bank. The amount represents the fee for the administration of the District’s bond issue.
Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2017A-1/A-2 Special Assessment Bonds. The District will contract with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.
Impact Fee Administration
Charges to the District for the services of Governmental Management Services, LLC to collect St. Johns County Impact Fees on behalf of the District, manage the Series 2017A-1/A-2 Impact Fee Bonds, and maintain the Lien Books.
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
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Telephone
New internet and Wi-Fi service for Office.
Postage and Delivery
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 a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
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 that incur during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Expenditures – Amenity Center

Insurance
The District's Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.
Repairs & Replacements
Represents monies budgeted for repairs and replacements for the District.
Recreational Passes
Represents the estimated cost for access cards to the District’s Amenity Center.
Office Supplies
Represents any supplies needed for the operation of the Amenity Center.
Permit Fees
Represents permit fees paid to the Department of Health for the swimming pool and fees associated with music licenses at the Amenity Center.
Water & Sewer
JEA provides water and sewer services for the District. The cost of water/sewer associated with the Recreation Facilities:

Account #	Description	Monthly	Annual	
68155430/86131620	145 S Durbin Pkwy Sewer	$	300	$	3,600	
79200641	145 S Durbin Pkwy Reclaim	609	7,308	
86131620	145 S Durbin Pkwy Water	210	2,520	
67579848	145 S Durbin Pkwy Water	373	4,476	
83113743	730 Durbin PY N Sewer	291	3,492	
68090736	730 Durbin PY N Reclaim	837	10,044	
85083672	730 Durbin PY N Water	304	3,648	
83113743	731 Durbin PY N Water	207	2,484	
	Contingency	111	1,328	
	Total	$	3,242	$	38,900	

Electric
JEA provides for electric services for the District. The cost of electric associated with the Recreation Facilities:

Account #	Description	Monthly	Annual	
20335949	145 S Durbin Pkwy	$	1,800	$	21,600	
22357510	730 Durbin PY N	808	9,696	
	Contingency	59	704	
	Total	$	2,667	$	32,000	
Cable/Phone/Internet
The District will provide cable television services for the Amenity Centers through Comcast.

Account #	Description	Monthly	Annual	
8495 74 140 1015619	Durbin Crossing South Amenity	$	450	$	5,400	
8495 74 140 0420497	Durbin Crossing South Amenity	200	2,400	
8495 74 140 1246669	Durbin Crossing North Amenity	600	7,200	
8496 74 140 1022920	Durbin Crossing North Amenity	420	5,040	
	Contingency	80	960	
	Total	$	1,750	$	21,000	
Security System
Maintenance costs of the security alarms/cameras provided by Dynamic Security.

Managerial
The District is under contract with Vesta Property Services Inc for Management and Administration Services for the Amenity Centers with additional part-time maintenance technician.
Contractor	Monthly	Annual

Staffing

Vesta

$	21,931  $

263,168

The District is under contract with Vesta Property Services Inc. This covers the cost of staffing for Facility Attendants, Pool Maintenance, Janitorial Services, Special Events planning, and Facility monitoring.
Contractor	Monthly	Annual	
Vesta	$	23,484  $	281,809	
Lifeguards
The District is under contract with Amenity Services Group and this is the cost to provide pool attendants (lifeguards) during the operating season for the pool.
Contractor	Monthly	Annual	
Vesta	$	8,428  $	101,135	
Mobile App/Website
Alternative mobile communication of information related to Amenity Facilities for residents and patrons included but not limited to hours of operations, resident programs, special events, and other services for the District. Contracted with Vesta to manage website and maintain services.
Refuse Service
Garbage disposal services for the Amenity Centers provided by GFL Environmental.

Pool Chemicals
The District, through Poolsure, is provided chemicals necessary for the maintenance of the Amenity Center swimming pool.
Contractor	Monthly	Annual	
Poolsure	$	2,890	$	34,680	
Contingency		1,020	
Total	$	2,890	$	35,700	
Special Events
Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Holiday Décor
Represents estimated costs for the District to decorate the Amenity center for the holidays.

Pest Control
The District is contracted with Turner Pest Control to provide for pest control services.

Contractor	Monthly	Annual	
Monthly Service	$	550	$	6,600	
Annual Termite Treatment	-	700	
Contingency	58	700	
Total	$	608	$	8,000	
Pressure Washing
The cost of pressure washing District facilities (Amenity Center, entryway features, etc.)

Fitness Equipment Maintenance
The cost of maintenance routine and inceptions of District fitness equipment.

Expenditures – Field

Electric
The cost of electricity provided by JEA for signage lighting and entry feature lighting for the District.

Account #	Description	Monthly	Annual	
22840516	101 Castlegate Ln	$	33	$	396	
79442225	104 Durbin PY N	56	670	
93385371	1049 Longleaf Pine Parkway	118	1,416	
99911097	107 Tollerton Ave	42	504	
89863663	1513 Longleaf Pine Pkwy	40	480	
26895017	16 Cloisterbane Dr Apt LL01	27	324	
22580514	20 Orchid Way Apt IR01	33	396	
99911094	2401 St Johns PY APT SG01	40	480	
13727885	28 Heron Landing Rd Apt SG01	38	126	
89866912	291 Durbin PY N	33	396	
89863016	501 Saddlestone Dr	34	408	
22969723	590 N Durbin Pkwy	34	408	
89863705	694 N Durbin Pkwy	34	408	
24067070	72 Englewood Tr Apt SG01	37	444	
79442208	857 Durbin Py N Apt SG01	33	396	
89315721	861 Durbin PPY N Apt SG01	33	396	
14892379	910 Durbin PY N Apt SG01	33	396	
79447186	94 Staplehurst Dr Apt IR01	33	396	
79447185	95 Woodcross Dr Apt IR01	33	396	
22840515	96 Cresthaven Pl	32	384	
99912413	987 Durbin PY N	32	384	
89865800	997 Lauriston Dr	33	396	
	Total	$	861	$	10,000	
Water & ReUse
Water and re-use water needed for irrigation and maintenance of the common grounds provided by JEA.

Account #	Description	Monthly	Annual	
86131602	102 Durbin PY N	$	4,500	$	54,000	
70115360	102 Merkland Ct	106	1,272	
72360080	1021 Lauriston Dr	284	3,408	
69877485	104 Harbury Dr	103	1,236	
66534516/85979418	105 S Durbin Pkwy	2,044	24,528	
70115339	106 Charmed Pl	103	1,236	
67386400/85979412	109 Islesbrook Pkwy	866	10,392	
68090726/86131627	1090 Durbin PY N	307	3,684	
74704275	116 Averley Wy Apt IR01	154	1,848	
74704274	118 Pineta Wy Apt IR01	159	1,908	
70115336	124 Weathered Oak Ct	141	1,692	
71890295	1244 Leith Hall Dr	547	6,564	
74704249	126 Cantley Wy Apt IR01	168	2,016	
73697024	128 Willow Winds Parkway	361	4,332	
71890305	1305 Fryston St	451	5,412	
71890313	138 Tollerton Ave	105	1,260	
71890303	1386 Fryston St	508	6,096	
	Total	$	10,907	$	130,884	

Expenditures – Field (continued)	
Account #	Description	Monthly	Annual	
	Balance Brought Forward	$	10,907	$	130,884	
68682298	1503 Cullaig Ct.	108	1,296	
74704273	155 Telford Dr Apt IR01	50	606	
71890297	158 Castlegate LA	94	1,132	
75457834	16 Cloisterbane Dr Apt LL01	86	1,028	
71890296	1620 Fenton Av	78	934	
83716990	185 Islesbrook Pkwy	163	1,956	
85563431	2050 Longleaf Pine PY	2,373	28,473	
68682232	240 Tollerton Ave	47	564	
81948581	241 Islesbrook Pkwy Apt IR01	46	552	
67862610	265 Willow Winds Pkwy	259	3,108	
69214857	293 Willow Winds Pkwy	36	432	
82196245	310 N Glen Laurel Dr	78	936	
69877486	358 Willow Winds PKWY	50	600	
72360078	585 Saddlestone Dr	180	2,160	
80532666	594 Saddlestone Dr	151	1,812	
64240486/85979458	606 Longleaf Pine PY	3,015	36,180	
64240480	810 Durbin PY N	5,084	61,008	
87614656	84 Willow Winds PY	88	1,055	
74704276	867 Durbin PY N Apt IR01	168	2,016	
74704251	868 Durbin PY N Apt IR01	50	600	
67386405	89 Heron Landing Rd Apt IR01	744	8,928	
68081639	90 Woodcross Dr	402	4,824	
68081637	91 Staplehurst Dr	470	5,640	
74704265	912 Durbin PY N Apt IR01	75	900	
64240168	96 Cresthaven Place	48	576	
	Contingency	150	1,800	
	Total	$	25,000	$	300,000	
Streetlighting
The District street lighting cost for the community - the amount is based upon the current tariff in effect with JEA.

Account #	Description	Monthly	Annual	
70 watts/254 Units	104 Durbin PY N	$	2,050	$	24,600	
200 watts/4 Units	105 Durbin PY N	66	792	
70 watts/66 Units	128 Willow Winds Pkwy	553	6,636	
28763969	104 Durbin PY N Apt 2	33	396	
200 watts/56 Units	145 S Durbin Pkwy	639	7,663	
70 watts/170 Units	145 S Durbin Pkwy	1,322	15,865	
70 watts/90 Units	145 S Durbin Pkwy	688	8,256	
70 watts/25 Units	16 Cloisterbane Dr	208	2,500	
70 watts/32 Units	16 Cloisterbane Dr	259	3,108	
70 watts/44 Units	89 Heron Landing Rd Apt IR01	352	4,224	
	Contingency	80	960	
	Total	$	6,250	$	75,000	
Lake Maintenance
The District is under contract with Solitude Lake Management LLC for the maintenance of the lakes at Durbin Crossing Community Development District.
Contractor	Monthly	Annual

Landscape Maintenance

Solitude Lake Management LLC

$	4,774  $

57,289

The District is under contract with Yellostone for maintenance of the common areas in the District.
Contractor	Monthly	Annual	
Yellowstone	$	48,261  $	579,135	
Landscape Contingency
A provision for additional landscape features or for repair of existing landscaping.
Mulch
Represents estimated costs for mulch applications around common areas in the District.

Expenditures – Field (continued)

Sod/Irrigation Replacement
Represents estimated costs for sod replacement around common areas in the District.
Islesbrook Rd Sod Replacement
Represents estimated costs for sod replacement along Islesbrook Rd.
Fuel
Fuel purchases for maintenance equipment.
Irrigation Repairs
The cost of miscellaneous irrigation repairs and maintenance incurred.

Adopted Budget
Debt Service Series 2017-1 and 2 Special Assessment Refunding Bonds

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru
7/31/25

Description

	2 Months	

9/30/25

Adopted Budget FY 2026

REVENUES:

Special Assessments - Tax Roll	$	3,054,876	$	3,070,639	$	-	$	3,070,639	$	3,054,876	
Interest Earnings	5,000	124,273	10,000	134,273	20,000	
Carry Forward Surplus (1)	1,029,219	1,088,959	-	1,088,959	1,252,781	
TOTAL REVENUES	$ 4,089,095	$ 4,283,872	$	10,000	$  4,293,872	$ 4,327,657	

EXPENDITURES:						
Series 2017A-1						
Interest - 11/1	$	513,416	$	513,416	$	-	$	513,416	$	488,375	
Principal Prepayment - 11/1	-	10,000	-	10,000	-	
Interest - 5/1	513,416	513,256	-	513,256	488,375	
Principal - 5/1	1,645,000	1,645,000	-	1,645,000	1,695,000	
Principal Prepayment - 5/1	-	10,000	-	10,000	-	
Series 2017A-2						
Interest - 11/1	84,788	84,788	-	84,788	79,994	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	84,788	84,631	-	84,631	79,994	
Principal - 5/1	165,000	165,000	-	165,000	175,000	
Principal Prepayment - 5/1	-	10,000	-	10,000	-	
TOTAL EXPENDITURES	$ 3,006,406	$ 3,041,091	$	-	$  3,041,091	$ 3,006,738	

Other Sources/(Uses)						

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

TOTAL EXPENDITURES	$ 3,006,406	$ 3,041,091	$	-	$  3,041,091	$ 3,006,738	
						
EXCESS REVENUES (EXPENDITURES)	$ 1,082,689	$ 1,242,781	$	10,000	$  1,252,781	$ 1,320,919	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26 Interest Due 11/1/26

$	461,891
75,400

 $	537,291 

AMORTIZATION SCHEDULE
Debt Service Series 2017-1 Special Assessment Refunding Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	$	25,195,000		-	$	488,375	$	488,375	
05/01/26	25,195,000	3.125%	1,695,000		488,375		
11/01/26	23,500,000		-		461,891	2,645,265.63	
05/01/27	23,500,000	3.250%	1,750,000		461,891		
11/01/27	21,750,000		-		433,453	2,645,343.75	
05/01/28	21,750,000	3.375%	1,805,000		433,453		
11/01/28	19,945,000		-		402,994	2,641,446.88	
05/01/29	19,945,000	3.375%	1,870,000		402,994		
11/01/29	18,075,000		-		371,438	2,644,431.25	
05/01/30	18,075,000	3.500%	1,935,000		371,438		
11/01/30	16,140,000		-		337,575	2,644,012.50	
05/01/31	16,140,000	5.000%	1,995,000		337,575		
11/01/31	14,145,000		-		287,700	2,620,275.00	
05/01/32	14,145,000	5.000%	2,095,000		287,700		
11/01/32	12,050,000		-		235,325	2,618,025.00	
05/01/33	12,050,000	3.750%	2,235,000		235,325		
11/01/33	9,815,000		-		193,419	2,663,743.75	
05/01/34	9,815,000	3.750%	2,305,000		193,419		
11/01/34	7,510,000		-		150,200	2,648,618.75	
05/01/35	7,510,000	4.000%	2,405,000		150,200		
11/01/35	5,105,000		-		102,100	2,657,300.00	
05/01/36	5,105,000	4.000%	2,500,000		102,100		
11/01/36	2,605,000		-		52,100	2,654,200.00	
05/01/37	2,605,000	4.000%	2,605,000		52,100	2,657,100.00	
Total			$	25,195,000	$	7,033,138	$	32,228,138	

AMORTIZATION SCHEDULE
Debt Service Series 2017-2 Special Assessment Refunding Bonds (combined)

Period	Coupons	Principal	Interest	Annual Debt Service

11/01/25	$	2,855,000	-	$	79,994	$	79,994	
05/01/26	2,855,000		175,000		79,994		-	
11/01/26	2,680,000		-		75,400		330,394	
05/01/27	2,680,000		180,000		75,400		-	
11/01/27	2,500,000		-		70,681		326,081	
05/01/28	2,500,000		195,000		70,681		-	
11/01/28	2,305,000		-		65,169		330,850	
05/01/29	2,305,000		205,000		65,169		-	
11/01/29	2,100,000		-		59,381		329,550	
05/01/30	2,100,000		215,000		59,381		-	
11/01/30	1,885,000		-		53,300		327,681	
05/01/31	1,885,000		225,000		53,300		-	
11/01/31	1,660,000		-		46,944		325,244	
05/01/32	1,660,000		240,000		46,944		-	
11/01/32	1,420,000		-		40,156		327,100	
05/01/33	1,420,000		255,000		40,156		-	
11/01/33	1,165,000		-		32,938		328,094	
05/01/34	1,165,000		270,000		32,938		-	
11/01/34	895,000		-		25,306		328,244	
05/01/35	895,000		285,000		25,306		-	
11/01/35	610,000		-		17,244		327,550	
05/01/36	610,000		305,000		17,244		-	
11/01/36	305,000		-		8,613		330,856	
05/01/37	305,000		305,000		8,613		313,613	
Total		$	2,855,000	$	1,150,250	$	4,005,250	

Page 11

Adopted Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2025	7/31/25		2 Months		9/30/25	FY 2026	

REVENUES:						
Miscellaneous Revenue/Interest Income	$	24,333	$	41,501	$	2,500	$	44,001	$	32,075	
Capital Reserve Funding	221,309	-	221,309	221,309	-	
Litigation Settlement	-	-	300,000	300,000	-	
Carry Forward Balance	1,243,030	1,289,984	-	1,289,984	1,425,358	
TOTAL REVENUES	$ 1,488,672	$ 1,331,485	$	523,809	$ 1,855,294	$ 1,457,433	

EXPENDITURES:						
Capital Outlay	$	150,000	$	281,704	$	20,000	$	301,704	$	200,000	
Repair and Replacement	23,881	79,848	15,000	94,848	100,000	
Irrigation Enhancement	-	-	-	-	43,487	
Bollard/Rope Replacement	-	-	-	-	50,000	
Exterior Door Enhancement	-	-	-	-	90,000	
Other Current Charges	-	33,384	-	33,384	20,000	
TOTAL EXPENDITURES	$	173,881	$	394,936	$	35,000	$	429,936	$	503,487	

Other Sources/(Uses)						

Transfer in/(Out)	$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	173,881	$	394,936	$	35,000	$	429,936	$	503,487	
						
EXCESS REVENUES (EXPENDITURES)	$ 1,314,791	$	936,549	$	488,809	$ 1,425,358	$	953,946	

Non-Ad Valorem Assessments Comparison 2025-2026

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

80'-83'	

339	

$1,885.53	

$1,707.95	

$177.58	

10.40%	
70'-73'	319	$1,662.49	$1,505.91	$156.58	10.40%	
63'	482	$1,462.19	$1,324.48	$137.71	10.40%	
53'	468	$1,230.10	$1,114.24	$115.86	10.40%	
43'	206	$1,045.58	$947.11	$98.47	10.40%	
Town Homes	235	$774.96	$701.97	$72.99	10.40%	
Town Homes DR	275	$774.96	$701.95	$73.01	10.40%	
Commercial/Retail/Office	144,153	$0.62	$0.56	$0.06	10.40%	
Total	146,477