Durbin Crossing

Community Development District

Approved Budget
FY 2027

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	

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	$	2,960,402	$	2,944,605	$	15,711	$	2,960,316	$	2,960,316	
Interest Income	20,000	15,431	2,500	17,931	15,000	
Insurance Proceeds	-	12,626	-	12,626	-	
Other Revenues	30,000	7,816	7,184	15,000	15,000	
Carry Forward Surplus	22,227	-	22,227	22,227	-	
TOTAL REVENUES	$ 3,032,629	$ 2,980,479	$	47,621	$ 3,028,101	$ 2,990,316	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	6,600	$	7,000	$	13,600	$	12,000	
FICA Taxes	918	505	536	1,040	918	
Assessment Roll Administration	5,732	5,732	-	5,732	5,732	
Engineering Fees	13,000	9,108	3,893	13,000	13,000	
Dissemination Fees	8,253	4,914	3,339	8,253	9,260	
Attorney Fees	50,000	35,415	14,585	50,000	50,000	
Annual Audit	4,600	5,000	-	5,000	5,100	
Trustee Fees	11,880	10,650	1,230	11,880	11,880	
Arbitrage Rebate	1,200	1,200	-	1,200	1,200	
Impact Fee Administration	17,196	10,031	7,165	17,196	18,228	
Management Fees	58,837	34,322	24,515	58,837	62,367	
Information Technology	1,720	1,003	716	1,720	1,823	
Website Maintenance	1,146	669	478	1,146	1,215	
Telephone	800	158	642	800	800	
Postage	3,000	1,297	1,703	3,000	3,000	
Printing & Binding	2,000	242	1,758	2,000	2,000	
Insurance General Liability	9,550	8,997	-	8,997	9,897	
Legal Advertising	2,000	604	1,396	2,000	2,000	
Other Current Charges	700	-	700	700	700	
Office Supplies	150	4	146	150	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	204,857	$	136,626	$	69,800	$	206,426	$	211,445	

Adopted Budget

Actuals Thru	Projected Next Projected Thru	Approved
Budget

Description	FY 2026	4/30/26		5 Months		9/30/26	FY 2027	

Operations & Maintenance						
Amenity Center						
Insurance	$	45,064	$	41,380	$	-	$	41,380	$	45,064	
Repairs & Replacements	110,000	39,082	70,918	110,000	110,000	
Recreational Passes	2,000	1,300	700	2,000	2,000	
Office Supplies	5,000	2,678	2,322	5,000	5,000	
Permit Fees	4,500	2,167	2,333	4,500	4,500	
Utilities						
Water & Sewer	38,900	18,746	20,154	38,900	41,040	
Electric	28,600	17,816	10,784	28,600	36,400	
Cable/Phone/Internet	22,000	16,843	5,157	22,000	28,200	
Security System	1,000	415	585	1,000	1,000	
Amenity Center Management Contract
Managerial (Vesta)	263,168	
153,514	
109,654	
263,168	
263,168	
Staffing (Vesta)	281,809	164,388	117,421	281,809	281,809	
Lifeguards (Vesta)	101,135	8,557	92,577	101,135	106,191	
Mobile App/Website (Vesta)	3,605	2,103	1,502	3,605	3,605	
Refuse Service	11,500	7,684	3,816	11,500	13,200	
Pool Chemicals	35,700	21,016	14,684	35,700	39,000	
Special Events	50,000	28,148	21,852	50,000	50,000	
Holiday Décor	20,000	19,252	748	20,000	25,000	
Pest Control	8,000	5,375	2,624	8,000	8,600	
Pressure Washing	9,000	3,630	5,370	9,000	9,000	
Fitness Equip Maintenance	8,500	1,121	7,379	8,500	8,500	
TOTAL AMENITY CENTER	$ 1,049,481	$	555,217	$	490,580	$ 1,045,797	$ 1,081,278	

Grounds Maintenance						
Electric	$	10,000	$	5,164	$	4,836	$	10,000	$	11,726	
Water & ReUse	325,000	134,149	153,108	287,257	325,600	
Streetlighting	75,000	52,889	22,111	75,000	88,988	
Lake Maintenance	57,289	33,626	23,662	57,289	60,000	
Landscape Maintenance	579,135	337,829	241,306	579,135	596,510	
Landscape Contingency	103,381	55,102	48,279	103,381	105,037	
Mulch	65,000	67,200	-	67,200	72,395	
Sod/Irrigation Replacement	450,000	442,319	-	442,319	-	
Islesbrook Rd Sod Replacement	77,587	45,207	32,380	77,587	-	
Fuel	900	496	404	900	1,000	
Irrigation Repairs	35,000	17,291	17,709	35,000	35,000	
Capital Reserve Funding	-	-	-	-	401,338	
TOTAL GROUNDS MAINTENANCE	$ 1,778,292	$ 1,191,271	$	543,796	$ 1,735,068	$ 1,697,594	
						
TOTAL EXPENDITURES	$ 3,032,629	$ 1,883,115	$ 1,104,176	$ 2,987,291	$ 2,990,316	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$ 1,097,365	$ (1,056,555)	$	40,810	$	-	

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 members of the Board of Supervisors to be compensated $200 for each meeting 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, Yuro & Associates, LLC, will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.
Dissemination Fees
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.

Attorney Fees

Contractor
GMS
Disclosure Services

Description
Dissemination Agent
Revised Amortization Schedules
Total

Monthly	Annual
$	730  $	8,760
500
$	9,260

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 Grau and Associates 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 Rebate
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
Internet and Wi-Fi service for the 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 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 – 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:

Meter #	Description	Monthly	Annual	
86131620	145 S Durbin Pkwy Sewer	$	400	$	4,800	
100717046	145 S Durbin Pkwy Reclaim	800	9,600	
86131620	145 S Durbin Pkwy Water	120	1,440	
67579848	145 S Durbin Pkwy Water	500	6,000	
83113743	730 Durbin PY N Sewer	400	4,800	
68090736	730 Durbin PY N Reclaim	500	6,000	
85083672	730 Durbin PY N Water	300	3,600	
83113743	731 Durbin PY N Water	150	1,800	
Contingency		-	3,000 

Total  $

3,170  $

41,040

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

Meter #

Description

Monthly	Annual

22969122

145 S Durbin Pkwy

$	2,200  $

26,400

22357510

730 Durbin PY N Contingency

750	9,000
	-	1,000 

Cable/Phone/Internet

Total  $

2,950  $

36,400

The District will provide cable television services for the Amenity Centers through Comcast.

Account #	Description	Monthly	Annual	
XX 1015619	Durbin Crossing South	$	800	$	9,600	
XX 0420497	Durbin Crossing South	250	3,000	
XX 1246669	Durbin Crossing North	700	8,400	
XX 1022920	Durbin Crossing South Fitness	500	6,000	
Contingency		-	1,200 

Security System

Total $

2,250  $

28,200

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 Vesta Property Services Inc. and this is the cost to provide pool attendants (lifeguards) during the operating season for the pool.
Contractor	Monthly	Annual

Mobile App/Website

Vesta

$	8,849  $

106,191

Alternative mobile communication of information related to Amenity Facilities for residents and patrons, including 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.

Account #	Description		Monthly	Annual	
UG-103588	Durbin Crossing North	$	500	$	6,000	
UG-103589	Durbin Crossing South		600	7,200	
		Total  $	1,100	$	13,200	
Pool Chemicals
The District, through Poolsure, is provided chemicals necessary for the maintenance of the Amenity Center swimming pool.
Contractor	Monthly	Annual

Poolsure

$	3,200  $

38,400

Contingency		50	600 

Special Events

Total  $

3,250  $

39,000

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

$	600  $

7,200

Annual Termite Treatment	-	800
Contingency		-	600 

Pressure Washing

Total  $

600  $

8,600

The cost of pressure washing District facilities (Amenity Center, entryway features, etc.)
Fitness Equipment Maintenance
The cost of routine maintenance and inspections of District fitness equipment.

Expenditures – Field

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

Meter #	Description	Monthly	Annual	
23656031	101 Castlegate Ln	$	33	$	396	
24083893	104 Durbin PY N	56	670	
23663870	1049 Longleaf Pine Parkway	118	1,416	
24063283	107 Tollerton Ave	42	504	
24071915	1513 Longleaf Pine Pkwy	40	480	
24063269	16 Cloisterbane Dr Apt LL01	27	324	
22580514	20 Orchid Way Apt IR01	33	396	
24063285	2401 St Johns PY APT SG01	40	480	
22654216	28 Heron Landing Rd Apt SG01	38	456	
23665752	291 Durbin PY N	33	396	
26344535	322 Islebrook PY APT IR01	34	408	
23665769	501 Saddlestone Dr	34	408	
22969723	590 N Durbin Pkwy	34	408	
23667066	694 N Durbin Pkwy	37	444	
24067070	72 Englewood Tr Apt SG01	33	396	
23667067	857 Durbin Py N Apt SG01	33	396	
23667068	861 Durbin PPY N Apt SG01	33	396	
24067004	910 Durbin PY N Apt SG01	33	396	
23663871	94 Staplehurst Dr Apt IR01	33	396	
23663888	95 Woodcross Dr Apt IR01	32	384	
23655990	96 Cresthaven Pl	32	384	
24063270	987 Durbin PY N	33	396	
23665750	997 Lauriston Dr	33	396	
Contingency		-	1,000 

Water & ReUse

Total  $

894  $

11,726

Water and re-use water needed for irrigation and maintenance of the common grounds provided by JEA.

Meter #	Description		Monthly	Annual	
86131602	102 Durbin PY N	$	4,500	$	54,000	
70115360	102 Merkland Ct		120	1,440	
81845052	1021 Lauriston Dr		300	3,600	
514013121	104 Harbury Dr		120	1,440	
81842794	105 S Durbin Pkwy		2,150	25,800	
70115339	106 Charmed Pl		115	1,380	
93965698	109 Islesbrook Pkwy		700	8,400	
94647963	1090 Durbin PY N		315	3,780	
81845399	116 Averley Wy Apt IR01		160	1,920	
74704274	118 Pineta Wy Apt IR01		160	1,920	
514108654	124 Weathered Oak Ct		150	1,800	
83794472	1244 Leith Hall Dr		600	7,200	
74704249	126 Cantley Wy Apt IR01		185	2,220	
73697024	128 Willow Winds Parkway		380	4,560	
71890305	1305 Fryston St		460	5,520	
71890313	138 Tollerton Ave		125	1,500	
514117971	1386 Fryston St		550	6,600	
		Total  $	11,090	$	133,080	

Expenditures – Field (continued)	
Meter #	Description	Monthly	Annual	
	Balance Brought Forward	$	11,090	$	133,080	
68682298	1503 Cullaig Ct.	120	1,440	
74704273	155 Telford Dr Apt IR01	60	720	
71890297	158 Castlegate LA	100	1,200	
75457834	16 Cloisterbane Dr Apt LL01	100	1,200	
71890296	1620 Fenton Av	100	1,200	
99313787	185 Islesbrook Pkwy	180	2,160	
94647756	2050 Longleaf Pine PY	2,500	30,000	
68682232	240 Tollerton Ave	50	600	
99210164	241 Islesbrook Pkwy Apt IR01	55	660	
514108643	265 Willow Winds Pkwy	365	4,380	
514091823	293 Willow Winds Pkwy	80	960	
82196245	310 N Glen Laurel Dr	80	960	
89063681	335 Islesbrook Pkwy	80	960	
514058879	358 Willow Winds PKWY	200	2,400	
81845392	585 Saddlestone Dr	200	2,400	
99208469	594 Saddlestone Dr	3,250	39,000	
101144570	606 Longleaf Pine PY	5,500	66,000	
514007499	810 Durbin PY N	120	1,440	
87614656	84 Willow Winds PY	225	2,700	
74704276	867 Durbin PY N Apt IR01	100	1,200	
74704251	868 Durbin PY N Apt IR01	850	10,200	
67386405	89 Heron Landing Rd Apt IR01	450	5,400	
68081639	90 Woodcross Dr	550	6,600	
68081637	91 Staplehurst Dr	120	1,440	
74704265	912 Durbin PY N Apt IR01	58	700	
514092963	96 Cresthaven Place	50	600	
Contingency		-	6,000 

Streetlighting

Total  $

26,633  $

325,600

The District street lighting cost for the community - the amount is based upon the current tariff in effect with JEA.

Meter #	Description	Monthly	Annual	
70 watts/244UNITS	104 Durbin PY N	$	2,200	$	26,400	
200 watts/4UNITS	104 Durbin PY N	66	792	
70 watts/66UNITS	128 Willow Winds Pkwy	600	7,200	
24062914	104 Durbin Py N Apt 2	33	396	
200 watts/56u	145 S Durbin Pkwy	800	9,600	
70 watts/170u	145 S Durbin Pkwy	1,500	18,000	
70 watts/90u	145 S Durbin Pkwy	800	9,600	
70 watts/25UNITS	16 Cloisterbane Dr	250	3,000	
70 watts/32UNITS	16 Cloisterbane Dr	300	3,600	
70 watts/44UNITS	89 Heron Landing Rd Apt IR01	400	4,800	
Clubhouse 1	145 S Durbin Pkwy	300	3,600	
Contingency		-	2,000 

Lake Maintenance

Total  $

7,249  $

88,988

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	
Solitude Lake Management LLC	$	5,000  $	60,000	
Landscape Maintenance
The District is under contract with Yellowstone for maintenance of the common areas in the District.
Contractor	Monthly	Annual

Landscape Contingency

Yellowstone

$	49,709  $

596,510

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)

Fuel
Fuel purchases for maintenance equipment.
Irrigation Repairs
The cost of miscellaneous irrigation repairs and maintenance incurred.
Capital Reserve Funding
The District funds a capital reserve for the renewal and replacement of the District's capital-related facilities, which is transferred to the Capital Reserve Fund.

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

Adopted Budget FY 2026

Actuals Thru	Projected Next  Projected Thru
4/30/26

Description

	5 Months	

9/30/26

Approved Budget FY 2027

REVENUES:

Special Assessments - Tax Roll	$	3,054,876	$	3,035,320	$	16,195	$	3,051,515	$	3,051,515	
Special Assessments - Prepayments	-	13,557	-	13,557	-	
Interest Income	20,000	76,277	25,000	101,277	20,000	
Carry Forward Surplus (1)	1,252,781	1,314,527	-	1,314,527	1,459,138	
TOTAL REVENUES	$ 4,327,657	$ 4,439,681	$	41,195	$  4,480,875	$ 4,530,653	

EXPENDITURES:						
Series 2017A-1						
Interest - 11/1	$	488,375	$	488,375	$	-	$	488,375	$	461,597	
Interest - 5/1	488,375	-	488,375	488,375	461,597	
Principal - 5/1	1,695,000	-	1,695,000	1,695,000	1,750,000	
Principal Prepayment - 5/1	-	-	15,000	15,000	-	
Series 2017A-2						
Interest - 11/1	79,994	79,994	-	79,994	75,400	
Interest - 5/1	79,994	-	79,994	79,994	75,400	
Principal - 5/1	175,000	-	175,000	175,000	180,000	
TOTAL EXPENDITURES	$ 3,006,738	$	568,369	$ 2,453,369	$  3,021,738	$ 3,003,994	

Other Sources/(Uses)						

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

EXCESS REVENUES (EXPENDITURES)	$ 1,320,919	$ 3,871,312	$ (2,412,174)  $  1,459,138	$ 1,526,659

TOTAL EXPENDITURES	$ 3,006,738	$	568,369	$ 2,453,369	$  3,021,738	$ 3,003,994

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27 Interest Due 11/1/27

$	433,159
70,681

 $	503,841 

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

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/26	$	23,485,000		-	$	461,597	$	2,673,194	
05/01/27	23,485,000	3.250% $	1,750,000		461,597		
11/01/27	21,735,000		-		433,159	$	2,671,319	
05/01/28	21,735,000	3.375%	1,805,000		433,159		
11/01/28	19,930,000		-		402,700	$	2,675,400	
05/01/29	19,930,000	3.375%	1,870,000		402,700		
11/01/29	18,060,000		-		371,144	$	2,677,288	
05/01/30	18,060,000	3.500%	1,935,000		371,144		
11/01/30	16,125,000		-		337,281	$	2,669,563	
05/01/31	16,125,000	5.000%	1,995,000		337,281		
11/01/31	14,130,000		-		287,406	$	2,669,813	
05/01/32	14,130,000	5.000%	2,095,000		287,406		
11/01/32	12,035,000		-		235,031	$	2,695,063	
05/01/33	12,035,000	3.750%	2,225,000		235,031		
11/01/33	9,810,000		-		193,313	$	2,696,625	
05/01/34	9,810,000	3.750%	2,310,000		193,313		
11/01/34	7,500,000		-		150,000	$	2,700,000	
05/01/35	7,500,000	4.000%	2,400,000		150,000		
11/01/35	5,100,000		-		102,000	$	2,704,000	
05/01/36	5,100,000	4.000%	2,500,000		102,000		
11/01/36	2,600,000		-		52,000	$	2,704,000	
05/01/37	2,600,000	4.000%	2,600,000		52,000		
Total		$	23,485,000	$	6,051,263	$	29,536,263	

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

Period	Coupons	Principal	Interest	Annual Debt Service

11/01/26	2,680,000		-		75,400		330,800	
05/01/27	2,680,000		180,000		75,400		-	
11/01/27	2,500,000		-		70,681		336,363	
05/01/28	2,500,000		195,000		70,681		-	
11/01/28	2,305,000		-		65,169		335,338	
05/01/29	2,305,000		205,000		65,169		-	
11/01/29	2,100,000		-		59,381		333,763	
05/01/30	2,100,000		215,000		59,381		-	
11/01/30	1,885,000		-		53,300		331,600	
05/01/31	1,885,000		225,000		53,300		-	
11/01/31	1,660,000		-		46,944		333,888	
05/01/32	1,660,000		240,000		46,944		-	
11/01/32	1,420,000		-		40,156		335,313	
05/01/33	1,420,000		255,000		40,156		-	
11/01/33	1,165,000		-		32,938		335,875	
05/01/34	1,165,000		270,000		32,938		-	
11/01/34	895,000		-		25,306		335,613	
05/01/35	895,000		285,000		25,306		-	
11/01/35	610,000		-		17,244		339,488	
05/01/36	610,000		305,000		17,244		-	
11/01/36	305,000		-		8,613		322,225	
05/01/37	305,000		305,000		8,613		-	
Total		$	2,680,000	$	990,263	$	3,670,263	

Page 11

Approved Budget Capital Reserve Fund

Adopted Budget FY 2026

Actuals Thru	Projected Next  Projected Thru
4/30/26

Description

	5 Months	

9/30/26

Approved Budget FY 2027

REVENUES:		
Miscellaneous Revenue/Interest Income	$	32,075	$	18,995	$	5,000	$	23,995	$	20,000	
Capital Reserve Funding	-	-	-	-	401,338	
Impact Fees	-	1,063	-	1,063	-	
Carry Forward Balance	1,425,358	1,133,378	-	1,133,378	654,949	
TOTAL REVENUES	$ 1,457,433	$ 1,153,436	$	5,000	$ 1,158,436	$ 1,076,288	

EXPENDITURES:						
Capital Outlay	$	200,000	$	27,000	$	173,000	$	200,000	$	-	
Repair and Replacement	100,000	67,661	32,339	100,000	50,000	
Irrigation Enhancement	43,487	-	43,487	43,487	-	
Bollard/Rope Replacement	50,000	-	50,000	50,000	-	
Exterior Door Enhancement	90,000	-	90,000	90,000	-	
Tennis Court Light Poles	-	-	-	-	30,000	
Refurbish/Replace Pool Furniture	-	-	-	-	55,000	
Amenity Center Furniture	-	-	-	-	6,000	
Tower Slide Maintenance	-	-	-	-	110,000	
Wax & Gel Coat Slide	-	-	-	-	18,000	
Repainting/Refurbish North Pool Play Feature	-	-	-	-	39,000	
Benchs & Concrete Pads	-	-	-	-	32,000	
4 Corners Landscape Enhancement	-	-	-	-	58,000	
Other Current Charges	20,000	3,800	16,200	20,000	10,000	
TOTAL EXPENDITURES	$	503,487	$	98,461	$	405,025	$	503,487	$	408,000	
						
TOTAL EXPENDITURES	$	503,487	$	98,461	$	405,025	$	503,487	$	408,000	
						
EXCESS REVENUES (EXPENDITURES)	$	953,946	$ 1,054,975	$  (400,025)	$	654,949	$	668,288	

Non-Ad Valorem Assessments Comparison 2026-2027

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

83'	

141	

$1,885.53	

$1,885.53	

$0.00	

0.00%	
80'	198	$1,885.53	$1,885.53	$0.00	0.00%	
73'	135	$1,662.49	$1,662.49	$0.00	0.00%	
70'	184	$1,662.49	$1,662.49	$0.00	0.00%	
63'	482	$1,462.19	$1,462.19	$0.00	0.00%	
53'	468	$1,230.10	$1,230.10	$0.00	0.00%	
43'	206	$1,045.58	$1,045.58	$0.00	0.00%	
Town Homes	235	$774.96	$774.96	$0.00	0.00%	
Town Homes DR	275	$774.96	$774.96	$0.00	0.00%	
Retail/ Commercial	99,281	$0.62	$0.62	$0.00	0.00%	
Office	44,872	$0.62	$0.62	$0.00	0.00%	
Total	146,477