Indigo
Community Development District

Proposed Budget FY2027

Table of Contents

1-3	General Fund	

4-11	

General Fund Narrative	

12	

Debt Service Fund 1999A	

13	

Amortization Schedule Series 1999A	

14	

Debt Service Fund Series 1999C	

15	

Debt Service Fund Series 2005	

16	

Debt Service Fund Series 2021	

17	

Amortization Schedule Series 2021	

18	

Debt Service Fund Series 2024	

19	

Amortization Schedule Series 2024	

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	1,616,396	$	1,541,140	$	146,164	$	1,687,304	$	1,616,396	
Interest	36,000	34,720	27,800	62,520	48,000	
I-95 City of Daytona Funding	8,775	-	8,775	8,775	8,775	
Miscellaneous Income	-	670	-	670	-	
Carry Forward Surplus	57,561	-	-	-	103,835	
Total Revenues	$	1,718,732	$	1,576,530	$	182,739	$	1,759,269	$	1,777,006	

Expenditures:						
Administrative:						
Supervisor Fees	$	12,000	$	1,600	$	3,000	$	4,600	$	12,000	
FICA Expense	918	122	230	352	918	
Engineering Fees	15,000	3,508	3,992	7,500	15,000	
Attorney	28,000	8,522	14,000	22,522	28,000	
Arbitrage	2,250	2,250	-	2,250	2,250	
Dissemination	10,811	6,506	4,505	11,011	11,135	
Annual Audit	6,430	4,810	6,430	11,240	6,430	
Trustee Fees	13,356	8,970	4,526	13,496	13,496	
Assessment Administration	21,836	21,836	-	21,836	22,491	
Management Fees	68,657	40,050	28,607	68,657	70,717	
Information Technology	2,884	1,682	1,202	2,884	2,971	
Website Maintenance	1,236	721	515	1,236	1,273	
Telephone	300	-	150	150	300	
Postage	1,000	469	381	850	1,000	
Printing & Binding	1,750	13	137	150	1,750	
Insurance	37,304	33,676	-	33,676	34,000	
Legal Advertising	2,500	820	806	1,626	2,500	
Meeting Room Fee	2,100	1,127	1,221	2,348	2,442	
Other Current Charges	500	224	200	424	500	
Office Supplies	350	2	98	100	350	
Office Expense	6,000	3,500	2,500	6,000	6,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative:	$	235,357	$	140,585	$	72,498	$	213,083	$	235,698	

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Operations & Maintenance I-95		
Electric	$	27,000	$	2,331	$	2,400	$	4,731	$	27,000	
Landscape Maintenance	55,986		32,659	23,328	55,986	55,986	
Landscape Contingency	3,500		-	3,500	3,500	3,500	
Plant Replacement & Annuals	8,000		-	8,000	8,000	8,000	
Lake Maintenance	6,582		3,365	2,413	5,778	6,755	
Irrigation Repairs	20,000		-	10,000	10,000	20,000	
Repairs & Maintenance	9,845		6,569	305	6,874	9,845	
Contingency	2,461		1,435	1,025	2,461	2,461	
Total Operations & Maintenance I-95:	$	133,374	$	46,358	$	50,971	$	97,330	$	133,547	
Operations & Maintenance Community Wide							
On-Site Manager	$	38,160	$	22,260	$	15,900	$	38,160	$	38,160	
Electric	45,610		24,012	17,000	41,012	45,610	
Landscape Maintenance	576,436		350,219	250,157	600,376	600,376	
Landscape Contingency	30,000		22,000	15,000	37,000	50,000	
Fertilizer/Pest Control	38,000		-	38,000	38,000	38,000	
Plant Replacement & Annuals	35,000		11,500	18,500	30,000	35,000	
Sod Replacement	28,512		-	28,512	28,512	28,512	
Lake Maintenance	98,616		57,775	41,440	99,216	102,441	
Fountain Maintenance	18,000		6,677	5,323	12,000	18,000	
Holiday Lighting	18,585		18,585	-	18,585	18,585	
Irrigation Repairs	35,000		13,733	16,267	30,000	35,000	
Repairs & Maintenance	39,800		12,188	12,750	24,938	39,800	
Contingency	16,158		5,127	5,615	10,742	16,158	
Conservation Easement Maintenance	50,224		29,297	20,927	50,224	50,224	
Tree Trimming	29,892		-	15,000	15,000	29,892	
Pressure Washing
The Preserve at LPGA
Landscape Maintenance	10,000

$	113,741	

$	-

66,346	10,000

$	47,390	10,000

$	113,736	20,000

$	113,736	
Landscape Contingency	8,000		-	4,000	4,000	8,000	
Plant Replacement & Annuals	2,500		974	1,027	2,000	2,500	
Floating Wetland Maintenance	112,768		37,670	75,198	112,868	112,768	
Irrigation Repairs	2,500		-	1,250	1,250	2,500	
Contingency	2,500		-	1,250	1,250	2,500	
Total Operations & Maintenance Community Wide:	$	1,350,001	$	678,364	$	640,506	$	1,318,869	$	1,407,762	
							
Total Expenditures	$	1,718,732	$	865,307	$	763,975	$	1,629,282	$	1,777,006	
							
Excess Revenues (Expenditures)	$	-	$	711,223	$	(581,236)	$	129,986	$	-	

Net Assessment	$	1,616,396	
Collection Cost (6%)	$103,174	
Gross Assessment	$1,719,570	

Indigo
Community Development District Proposed Budget
FY2027

Assessment Chart

Development
Type	PARCEL	
Total Units	
ERU	
Total ERUS	
FY27 O&M Total Net	
FY27 Per Unit Net	FY27 Per Unit Gross	
North Section							
Residential Single Family	1,017	1.00	1,017.00	449,861.31	442.34	470.56	
Apartments	TYMBER CREEK	311	0.80	248.80	110,054.57	353.87	376.45	
Commercial - ((5) A TYMBER CREEK	29.22	5.00	146.10	64,626.09	2,211.71	2,352.81	
Commerical - Undev NW-11	9.95	1.00	9.95	4,401.30	442.34	470.56	
Active Adult	0		-	-	-	-	
Golf	17.85	1.00	17.85	7,895.80	442.34	470.56	
Other - Resort/Golf	61.10	1.00	61.10	27,027.07	442.34	470.56	
			-				
Total North	1,446.12		1,500.80	663,866.13			
South Section							
Residential Single Family	1,201	1.00	1,201.00	531,252.15	442.34	470.56	
Residential Single F VAR,SW19, SW10/SW13A	881	0.27	237.87	105,219.77	119.43	127.05	
Residential Multi-Family	0	1.00	-	-	-	-	
Commerical (Sq. Ft./ SW19, SW10/SW13A	11	0.27	2.97	1,313.75	119.43	127.05	
Active Adult	0		-	-	-	-	
UTC, CCR (Sq. Ft./20 UTC/CCR	609.05	0.27	164.44	72,740.19	119.43	127.05	
Preserve Addl			-	243,856.00	513.81	546.59	
Total South	2,702.05		1,606.28	954,381.87			
Total District	4,148.17		3,107.08	1,618,248.00			

REVENUES:

Special Assessments

The District will levy a non-ad valorem special assessment on all the assessable property within the District in order to fund all operating and maintenance expenditures during the fiscal year. These assessments are billed on tax bills.

Interest

The District will invest surplus funds with the US Bank and the State Board of Administration.

I-95 City of Daytona Funding

Represents mowing cost reimbursement from the City of Daytona for 27 cuts at the I-95 interchange per interlocal agreement.

EXPENDITURES:

Administrative:

Supervisors Fees

Chapter 190 of the Florida Statutes allows for each member of the Board of Supervisors to be compensated
$200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. The amount is based on payment to 5 Supervisors for attending 12 Board meetings during the fiscal year.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.
Engineering Fees

The District's engineer, Singhofen & Associates, Inc., will be providing general engineering services to the District, i.e., attendance and preparation for meetings, reviewing invoices, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Kutak Rock LLP, will be providing general legal services to the District, i.e., attendance and preparation for board meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public account to annually calculate the District’s Arbitrage Rebate Liability on the Series 1999A, 1999C, 2005, 2021 & 2024 Capital Improvement Revenue Bonds. The amount is based on the current contract with AMTEC.

Bond Series	Annual	
1999A Capital Improvement Revenue Bond	$450	
1999C Capital Improvement Revenue Bond	$450	
2005 Capital Improvement Revenue Bond	$450	
2021 Capital Improvement Revenue Bond	$450	
2024 Capital Improvement Revenue Bond	$450	
Total	$2,250	

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5), which relates to additional reporting requirements for unrelated bond issues. The District has contracted with Governmental Management Services-Central Florida, LLC to provide this service.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Trustee Fees

The District will pay annual trustee fees for the Series 1999A, 1999C, 2005, 2021 & 2024 Capital Improvement Revenue Bonds are deposited with a Trustee at US Bank.

Assessment Administration

The District has contracted with Governmental Management Services, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audits, etc. Included as a separate line item is the estimated portion of foreclosure costs related primarily to non- payment of assessments on undeveloped lands.

Information Technology

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetigns, Adobe, Microsoft Office, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for 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

Telephone and fax machine.

Postage

The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and any other required correspondence.

Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Insurance

The District’s general liability, public officials and property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for governmental agencies.

Legal Advertising

The District is required to advertise various notices for Board meetings, public hearings, etc. in a newspaper of general circulation.

Meeting Room Fee

Represents estimated charges for reservation fees to hold 6 Board of Supervisors meetings.

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.

Office Expense

The District has leased space from the Solaris Management Inc. for housing of the District maps and records along with space for field operations management. This lease is on an annual basis.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Commerce for $175. This is the only anticipated expenditure for this category.

Operations & Maintenance:

Operating Expense I-95 Electric
Represents cost of electric services for areas within the District. Areas include fountain and pump. The District currently has two electric accounts with Florida Power & Light.

Description	Monthly	Annually	
LPGA Blvd # NEC I-95 # Pump	$1,250	$15,000	
LPGA Blvd # NEC I-95 # Fountain	$900	$10,800	
Contingency		$1,200	
Total		$27,000	

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District. The District has contracted with Team Rountree, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - I-95	$4,666	$55,986	
Total		$55,986	

Landscape Contingency

Represents estimated costs for any additional landscape expenses such as mulch, tree replacement and any other landscape expenses not covered under the monthly landscape contract.

Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in place. The District also has a contract to install a specific number of annuals plus any contingencies.

Lake Maintenance

The District has contracted with Solitude Lake Management to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - I-95	$483	$5,792	
Semi-Annual Fountain/Aeration Maintenance		$766	
Contingency		$197	
Total		$6,755	

Irrigation Repairs & Maintenance

Represents estimated costs for any supplies and repairs to the irrigation system maintained by the District.

Repairs & Maintenance

Represents estimated costs for any repairs and maintenance related to the entrance lighting, fountains and any other miscellaneous repairs to common areas maintained by the District.

Contingency

Represents any additional field expenses that may not have been provided for in the budget.

Operating Expense Community Wide On-Site Manager
Provides onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails. The District has contracted with Solaris Management Inc. for field management services.

Description	Monthly	Annually	
Field Management Services	$3,180	$38,160	
Total		$38,160	

Electric

Represents cost of electric services for areas within the District. The District currently has the following electric accounts with Florida Power & Light.

Description	Monthly	Annually	
Decorative Lighting # Grand Champion	$730	$8,760	
1 Champions Dr # Entrance	$255	$3,060	
230 Champions Dr	$135	$1,620	
579 Champions Dr # Site Lights	$135	$1,620	
654 Champions Dr # Site Lights	$80	$960	
795 Champions Dr # Site Lights	$80	$960	
937 Champions Dr # Site Lights	$80	$960	
977 Champions Dr # Site Lights	$130	$1,560	
10 Champion Ridge Dr # Fountain	$1,000	$12,000	
105 Grand Champion Blvd # Sign	$225	$2,700	
106 Glen Eagle Grand Dr # Irrigation	$30	$360	
100 International Golf Dr # Lights	$250	$3,000	
399 International Golf Dr # Site Lights	$100	$1,200	
248 Tournament Dr # Site Lights	$65	$780	
360 Tournament Dr # Irrigation Pump	$85	$1,020	
499 Tournament Dr # Entrance	$75	$900	
Contingency		$4,150	
Total		$45,610	

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District. The District has contracted with Team Rountree, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - Community Wide	$50,031	$600,376	
Total		$600,376	

Landscape Contingency

Represents estimated costs for any additional landscape expenses such as mulch, tree replacement and any other landscape expenses not covered under the monthly landscape contract.

Fertilizer/Pest Control

Represents estimated costs for a special sod treatment and pest control.

Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in place. The District also has a contract to install a specific number of annuals plus any contingencies.

Sod Replacement

Represents estimated costs to replace sod within the Community Wide areas (North & South).

Lake Maintenance

The District has contracted with Solitude Lake Management to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - North, South &	$8,288	$99,457	
& The Preserve at LPGA			
Contingency		$2,984	
Total		$102,441	

Fountain Maintenance

Represents estimated costs for repairs and maintenance of District fountains.

Holiday Lighting

Represents costs for decorative lighting at the International Golf Drive, Champions Drive, Grande Champion, Tournament Drive and Royal County Blvd. entrances during the holiday season. Lighting be installed between October 1st – 31st and greenery such as wreaths, garlands, teardrops, bows, etc. to be installed between November 1st – Thanksgiving Eve. District has contracted with TPG Lighting for this service.

Irrigation Repairs

Represents estimated costs for any supplies and repairs to the irrigation system maintained by the District.

Repairs & Maintenance

Represents estimated costs for any repairs and maintenance related to the entrance lighting, fountains and any other miscellaneous repairs to common areas maintained by the District.

Contingency

Represents any additional field expenses that may not have been provided for in the budget.

Conservation Easement Maintenance

The District is obligated to maintain approximately 137 acres as a Gopher Tortoise Habitat Area in accordance with the Habitat Management Plan prescribed by the Florida Game and Freshwater Fish Commission.

Description	Monthly	Annually	
Conservation Easement Maintenance Underbrush	$4,185	$50,224	
Total		$50,224	

Tree Trimming

Represents estimated costs for any additional tree trimming outside the monthly landscape contract.

Pressure Washing

Estimated cost to pressure wash are areas within the District as needed.

The Preserve at LPGA

Landscape Maintenance

The District will maintain the landscaping within the Phase A and Phase B areas within the Preserve. The District has contracted with Team Rountree, Inc. to maintain these areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - The Preserve at LPGA	$9,478	$113,736	
Total		$113,736	

Plant Replacement & Annuals

Represents estimate cost to replace plants and install annuals within The Preserve at LPGA.

Lake Maintenance

The District will contract to maintain the Beemats Phase A and the lakes in Legends Preserve and Preserve Phase B.

Description	Tri-Annual	
Floating Wetlands Maintenance - May	$37,599
Floating Wetlands Maintenance - September	$37,585
Floating Wetlands Maintenance - January	$37,585	
Total	$112,768	

Irrigation Repairs

Represents estimated costs for any supplies and repairs to the irrigation system maintained by the District for areas within The Preserve at LPGA.

Contingency

Represents any additional field expenses that may not have been provided for in the budget for areas within The Preserve at LPGA.

Community Development District Proposed Budget
FY2027
Debt Service Fund Series 1999A

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	72,750	$	67,980	$	4,512	$	72,492	$	72,750	
Interest	5,000	3,373	1,875	5,248	3,600	
Carry Forward Surplus	60,089	58,926	-	58,926	52,516	
Total Revenues	$	137,840	$	130,279	$	6,387	$	136,666	$	128,866	

Expenditures:						
Series 1999A
Interest - 11/01	

$	12,250	

$	12,250	

$	-	

$	12,250	

$	10,150	
Special Call - 05/01	-	10,000	-	10,000	-	
Principal - 05/01	50,000	-	45,000	45,000	50,000	
Interest - 05/01	12,250	-	11,900	11,900	10,150	
Special Call - 05/01	-	-	5,000	5,000	-	
Total Expenditures	$	74,500	$	22,250	$	61,900	$	84,150	$	70,300	
						
Excess Revenues (Expenditures)	$	63,340	$	108,029	$	(55,513)	$	52,516	$	58,566	

Interest - 11/1/2027	$8,400	
Total	$8,400	

Net Assessment	
$72,750	
Collection Cost (6%)	$4,644	
Gross Assessment	$77,394	

Indigo
Community Development District Series 1999A, Capital Improvement Bonds
Amortization Schedule

Date	Balance	Rate	Principal	Interest	Annual	

5/1/26	
$	340,000	
7.00%	
$	50,000	
$	11,900	
$	-	
11/1/26	$	290,000	7.00%	$	-	$	10,150	$	72,050	
5/1/27	$	290,000	7.00%	$	50,000	$	10,150	$	-	
11/1/27	$	240,000	7.00%	$	-	$	8,400	$	68,550	
5/1/28	$	240,000	7.00%	$	55,000	$	8,400	$	-	
11/1/28	$	185,000	7.00%	$	-	$	6,475	$	69,875	
5/1/29	$	185,000	7.00%	$	60,000	$	6,475	$	-	
11/1/29	$	125,000	7.00%	$	-	$	4,375	$	70,850	
5/1/30	$	125,000	7.00%	$	60,000	$	4,375	$	-	
11/1/30	$	65,000	7.00%	$	-	$	2,275	$	66,650	
5/1/31	$	65,000	7.00%	$	65,000	$	2,275	$	67,275	
Totals			$	340,000	$	75,250	$	415,250	

FY2027
Debt Service Fund Series 1999C

	Adopted
Budget	Proposed
Budget	
	FY2026	FY2027	
Revenues:			
Special Assessments	$	377,662	$	377,662	
Interest	25,000	27,000	
Other Income Source	522,738	520,063	
Total Revenues	$	925,400	$	924,725	

Expenditures:			
Series 1999C
Debt Service Obligation	

$	925,400	

$	924,725	
Total Expenditures	$	925,400	$	924,725	
			
Excess Revenues (Expenditures)	$	-	$	-	

Interest - 11/1/2027	

$136,675	
	Total	$136,675	
	
Net Assessment	
$377,662	
	Collection Cost (6%)	$24,106	
	Gross Assessment	$401,768	

FY2027
Debt Service Fund Series 2005

	Adopted Budget
FY2026		Proposed Budget
FY2027	
Revenues:					
Special Assessments	$	335,228	$	335,228	
Interest		2,500		16,000	
Total Revenues	$	337,728	$	351,228	

Expenditures:					
Series 2005
Debt Service Obligation	

$	

123,913	

$	

106,088	
Total Expenditures	$	123,913	$	106,088	
					
Excess Revenues (Expenditures)	$	213,816	$	245,141	

Interest - 11/1/2027		

$53,044	
	Total			$53,044	
	
Net Assessment		
$335,228	
	Collection Cost (6%)		$21,398	
	Gross Assessment		$356,626	

Community Development District Proposed Budget
FY2027
Debt Service Fund Series 2021

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	156,614	$	153,456	$	3,153	$	156,609	$	156,614	
Interest	6,000	4,092	2,400	6,492	5,400	
Carry Forward Surplus	70,918	70,993	-	70,993	74,083	
Total Revenues	$	233,532	$	228,542	$	5,553	$	234,095	$	236,097	

Expenditures:						
Series 2021
Interest - 11/01	

$	46,164	

$	46,164	

$	-	

$	46,164	

$	45,449	
Principal - 05/01	65,000	-	65,000	65,000	65,000	
Interest - 05/01	46,164	-	46,164	46,164	45,449	
Total Expenditures	$	157,329	$	46,164	$	111,164	$	157,329	$	155,899	

Other Sources/(Uses)						
Transfer In/(Out)	$	(3,000)	$	(1,683)	$	(1,000)	$	(2,683)	$	(2,400)	
Total Other Financing Sources (Uses)	$	(3,000)	$	(1,683)	$	(1,000)	$	(2,683)	$	(2,400)	
						
Excess Revenues (Expenditures)	$	73,203	$	180,694	$	(106,611)	$	74,083	$	77,798	

Interest - 11/1/2027	

$44,572	
Total	$44,572	

Net Assessment	
$156,614	
Collection Cost (6%)	$9,997	
Gross Assessment	$166,611	

Series 2021, Capital Improvement Revenue Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual	

5/1/26	
$  2,635,000	
$	65,000	
$	46,164.38	
$	-	
11/1/26	$  2,570,000	$	-	$	45,449.38	$	156,613.75	
5/1/27	$  2,570,000	$	65,000	$	45,449.38	$	-	
11/1/27	$  2,505,000	$	-	$	44,571.88	$	155,021.25	
5/1/28	$  2,505,000	$	65,000	$	44,571.88	$	-	
11/1/28	$  2,440,000	$	-	$	43,694.38	$	153,266.25	
5/1/29	$  2,440,000	$	70,000	$	43,694.38	$	-	
11/1/29	$  2,370,000	$	-	$	42,749.38	$	156,443.75	
5/1/30	$  2,370,000	$	70,000	$	42,749.38	$	-	
11/1/30	$  2,300,000	$	-	$	41,804.38	$	154,553.75	
5/1/31	$  2,300,000	$	70,000	$	41,804.38	$	-	
11/1/31	$  2,230,000	$	-	$	40,859.38	$	152,663.75	
5/1/32	$  2,230,000	$	75,000	$	40,859.38	$	-	
11/1/32	$  2,155,000	$	-	$	39,687.50	$	155,546.88	
5/1/33	$  2,155,000	$	75,000	$	39,687.50	$	-	
11/1/33	$  2,080,000	$	-	$	38,515.63	$	153,203.13	
5/1/34	$  2,080,000	$	80,000	$	38,515.63	$	-	
11/1/34	$  2,000,000	$	-	$	37,265.63	$	155,781.25	
5/1/35	$  2,000,000	$	80,000	$	37,265.63	$	-	
11/1/35	$  1,920,000	$	-	$	36,015.63	$	153,281.25	
5/1/36	$  1,920,000	$	85,000	$	36,015.63	$	-	
11/1/36	$  1,835,000	$	-	$	34,687.50	$	155,703.13	
5/1/37	$  1,835,000	$	85,000	$	34,687.50	$	-	
11/1/37	$  1,750,000	$	-	$	33,359.38	$	153,046.88	
5/1/38	$  1,750,000	$	90,000	$	33,359.38	$	-	
11/1/38	$  1,660,000	$	-	$	31,953.13	$	155,312.50	
5/1/39	$  1,660,000	$	90,000	$	31,953.13	$	-	
11/1/39	$  1,570,000	$	-	$	30,546.88	$	152,500.00	
5/1/40	$  1,570,000	$	95,000	$	30,546.88	$	-	
11/1/40	$  1,475,000	$	-	$	29,062.50	$	154,609.38	
5/1/41	$  1,475,000	$	100,000	$	29,062.50	$	-	
11/1/41	$  1,375,000	$	-	$	27,500.00	$	156,562.50	
5/1/42	$  1,375,000	$	100,000	$	27,500.00	$	-	
11/1/42	$  1,275,000	$	-	$	25,500.00	$	153,000.00	
5/1/43	$  1,275,000	$	105,000	$	25,500.00	$	-	
11/1/43	$  1,170,000	$	-	$	23,400.00	$	153,900.00	
5/1/44	$  1,170,000	$	110,000	$	23,400.00	$	-	
11/1/44	$  1,060,000	$	-	$	21,200.00	$	154,600.00	
5/1/45	$  1,060,000	$	115,000	$	21,200.00	$	-	
11/1/45	$	945,000	$	-	$	18,900.00	$	155,100.00	
5/1/46	$	945,000	$	120,000	$	18,900.00	$	-	
11/1/46	$	825,000	$	-	$	16,500.00	$	155,400.00	
5/1/47	$	825,000	$	125,000	$	16,500.00	$	-	
11/1/47	$	700,000	$	-	$	14,000.00	$	155,500.00	
5/1/48	$	700,000	$	130,000	$	14,000.00	$	-	
11/1/48	$	570,000	$	-	$	11,400.00	$	155,400.00	
5/1/49	$	570,000	$	135,000	$	11,400.00	$	-	
11/1/49	$	435,000	$	-	$	8,700.00	$	155,100.00	
5/1/50	$	435,000	$	140,000	$	8,700.00	$	-	
11/1/50	$	295,000	$	-	$	5,900.00	$	154,600.00	
5/1/51	$	295,000	$	145,000	$	5,900.00	$	-	
11/1/51	$	150,000	$	-	$	3,000.00	$	153,900.00	
5/1/52	$	150,000	$	150,000	$	3,000.00	$	153,000.00	
Totals		$	2,635,000	$  1,538,609.38	$  4,173,609.38	

Community Development District Proposed Budget
FY2027
Debt Service Fund Series 2024

Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	225,323	$	220,779	$	4,537	$	225,315	$	225,323	
Interest	6,000	5,490	3,450	8,940	7,600	
Carry Forward Surplus	98,392	98,534	-	98,534	107,274	
Total Revenues	$	329,714	$	324,802	$	7,987	$	332,789	$	340,197	

Expenditures:						
Series 2024
Interest - 11/01	

$	88,296	

$	88,296	

$	-	

$	88,296	

$	87,194	
Principal - 05/01	45,000	-	45,000	45,000	50,000	
Interest - 05/01	88,296	-	88,296	88,296	87,194	
Total Expenditures	$	221,593	$	88,296	$	133,296	$	221,593	$	224,388	

Other Sources/(Uses)						
Transfer In/(Out)	$	(4,000)	$	(2,422)	$	(1,500)	$	(3,922)	$	(3,600)	
Total Other Financing Sources (Uses)	$	(4,000)	$	(2,422)	$	(1,500)	$	(3,922)	$	(3,600)	
						
Excess Revenues (Expenditures)	$	104,122	$	234,084	$	(126,810)	$	107,274	$	112,209	

Interest - 11/1/2027	

$85,969	
Total	$85,969	

Net Assessment	
$225,323	
Collection Cost (6%)	$14,382	
Gross Assessment	$239,705	

Series 2024, Capital Improvement Revenue Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual	

5/1/26	
$ 3,190,000	
$	45,000	
$	88,296.25  $	
-	
11/1/26	$ 3,145,000	$	-	$	87,193.75  $	220,490.00	
5/1/27	$ 3,145,000	$	50,000	$	87,193.75  $	-	
11/1/27	$ 3,095,000	$	-	$	85,968.75  $	223,162.50	
5/1/28	$ 3,095,000	$	50,000	$	85,968.75  $	-	
11/1/28	$ 3,045,000	$	-	$	84,743.75  $	220,712.50	
5/1/29	$ 3,045,000	$	55,000	$	84,743.75  $	-	
11/1/29	$ 2,990,000	$	-	$	83,396.25  $	223,140.00	
5/1/30	$ 2,990,000	$	60,000	$	83,396.25  $	-	
11/1/30	$ 2,930,000	$	-	$	81,926.25  $	225,322.50	
5/1/31	$ 2,930,000	$	60,000	$	81,926.25  $	-	
11/1/31	$ 2,870,000	$	-	$	80,456.25  $	222,382.50	
5/1/32	$ 2,870,000	$	65,000	$	80,456.25  $	-	
11/1/32	$ 2,805,000	$	-	$	78,701.25  $	224,157.50	
5/1/33	$ 2,805,000	$	65,000	$	78,701.25  $	-	
11/1/33	$ 2,740,000	$	-	$	76,946.25  $	220,647.50	
5/1/34	$ 2,740,000	$	70,000	$	76,946.25  $	-	
11/1/34	$ 2,670,000	$	-	$	75,056.25  $	222,002.50	
5/1/35	$ 2,670,000	$	75,000	$	75,056.25  $	-	
11/1/35	$ 2,595,000	$	-	$	73,031.25  $	223,087.50	
5/1/36	$ 2,595,000	$	80,000	$	73,031.25  $	-	
11/1/36	$ 2,515,000	$	-	$	70,871.25  $	223,902.50	
5/1/37	$ 2,515,000	$	85,000	$	70,871.25  $	-	
11/1/37	$ 2,430,000	$	-	$	68,576.25  $	224,447.50	
5/1/38	$ 2,430,000	$	90,000	$	68,576.25  $	-	
11/1/38	$ 2,340,000	$	-	$	66,146.25  $	224,722.50	
5/1/39	$ 2,340,000	$	95,000	$	66,146.25  $	-	
11/1/39	$ 2,245,000	$	-	$	63,581.25  $	224,727.50	
5/1/40	$ 2,245,000	$	100,000	$	63,581.25  $	-	
11/1/40	$ 2,145,000	$	-	$	60,881.25  $	224,462.50	
5/1/41	$ 2,145,000	$	105,000	$	60,881.25  $	-	
11/1/41	$ 2,040,000	$	-	$	58,046.25  $	223,927.50	
5/1/42	$ 2,040,000	$	110,000	$	58,046.25  $	-	
11/1/42	$ 1,930,000	$	-	$	55,076.25  $	223,122.50	
5/1/43	$ 1,930,000	$	115,000	$	55,076.25  $	-	
11/1/43	$ 1,815,000	$	-	$	51,971.25  $	222,047.50	
5/1/44	$ 1,815,000	$	120,000	$	51,971.25  $	-	
11/1/44	$ 1,695,000	$	-	$	48,731.25  $	220,702.50	
5/1/45	$ 1,695,000	$	130,000	$	48,731.25  $	-	
11/1/45	$ 1,565,000	$	-	$	44,993.75  $	223,725.00	
5/1/46	$ 1,565,000	$	135,000	$	44,993.75  $	-	
11/1/46	$ 1,430,000	$	-	$	41,112.50  $	221,106.25	
5/1/47	$ 1,430,000	$	145,000	$	41,112.50  $	-	
11/1/47	$ 1,285,000	$	-	$	36,943.75  $	223,056.25	
5/1/48	$ 1,285,000	$	155,000	$	36,943.75  $	-	
11/1/48	$ 1,130,000	$	-	$	32,487.50  $	224,431.25	
5/1/49	$ 1,130,000	$	165,000	$	32,487.50  $	-	
11/1/49	$	965,000	$	-	$	27,743.75  $	225,231.25	
5/1/50	$	965,000	$	170,000	$	27,743.75  $	-	
11/1/50	$	795,000	$	-	$	22,856.25  $	220,600.00	
5/1/51	$	795,000	$	180,000	$	22,856.25  $	-	
11/1/51	$	615,000	$	-	$	17,681.25  $	220,537.50	
5/1/52	$	615,000	$	195,000	$	17,681.25  $	-	
11/1/52	$	420,000	$	-	$	12,075.00  $	224,756.25	
5/1/53	$	420,000	$	205,000	$	12,075.00  $	-	
11/1/53	$	215,000	$	-	$	6,181.25  $	223,256.25	
5/1/54	$	215,000	$	215,000	$	6,181.25  $	221,181.25	
Totals		$	3,190,000	$  3,275,048.75  $	6,465,048.75