Middle Village

Community Development District

Approved Budget
FY2026

Presented by:

Table of Contents

1		General Fund	

2-3	
	General Fund Narratives	

4	
	Recreation Fund	

5-8	
	Recreation Fund Narratives	

9	
	Debt Service Fund Series 2022/2018	

10	
	Amortization Schedule 2022	

11	
	Amortization Schedule 2018	

12	
	Assessment Allocation	

13	
	Capital Reserve Fund	

14	
	Exhibit A	

Approved Budget General Fund

Description

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru

4/30/25

	5 Months	

9/30/25

Approved Budget FY 2026

REVENUES:

Special Assessments - On Roll	$	222,749	$	221,677	$	2,001,066	$	2,222,743	$	200,594	
Interest income	1,000	312	50	362	1,000	
TOTAL REVENUES	$	223,749	$	221,990	$ 2,001,116	$ 2,223,106	$	201,594	

EXPENDITURES:						
Administrative						
Supervisors Fees	$	12,000	$	6,600	$	5,000	$	11,600	$	12,000	
FICA Expense	918	505	383	887	918	
Travel per Diem	200	-	100	100	200	
Engineering	7,000	4,533	3,468	8,000	8,000	
Trustee Fee	15,000	15,000	-	15,000	15,000	
Dissemination Agent	3,933	2,494	1,438	3,933	4,129	
Assessment Roll Administration	8,483	8,483	0	8,483	8,907	
Attorney	50,000	15,830	17,000	32,830	40,000	
Arbitrage Rebate	700	-	700	700	700	
Annual Audit	6,600	6,700	-	6,700	6,800	
Management Fees	72,865	42,505	30,361	72,865	76,509	
Information Technology	2,865	1,671	1,194	2,865	3,008	
Telephone	300	224	76	300	300	
Postage	1,500	363	1,137	1,500	1,500	
Printing	2,500	281	2,219	2,500	2,500	
Insurance General Liability	14,109	13,724	-	13,724	15,443	
Legal Advertising	2,500	514	1,987	2,500	2,500	
Other Current Charges	150	45	105	150	150	
Office Supplies	200	5	195	200	200	
Website Maintenance	2,528	1,475	1,053	2,528	2,655	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Reserve Funding	19,222	-	19,222	19,222	-	
TOTAL ADMINISTRATIVE	$	223,749	$	121,126	$	85,637	$	206,763	$	201,594	
						
TOTAL EXPENDITURES	$	223,749	$	121,126	$	85,637	$	206,763	$	201,594	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	100,863	$ 1,915,479	$ 2,016,342	$	-	

REVENUES

Special Assessments-Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. 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.
Travel per Diem
These expenses represent supervisor’s travel expenses to attend meetings.
Engineering
The District's engineering firm will be providing general engineering services to the District including attendance and preparation for monthly board meetings, review invoices, etc. England, Thims & Miller serves as the District’s engineering firm.
Trustee Fees
The District 2018/2022 Bond Series trustee fees is based on the agreement between Hancock Bank and the District.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Assessment Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Attorney
The District's legal counsel will be providing general legal services to the District including attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Kutak Rock LLP serves as the District’s legal counsel.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2018/2002 Bonds. Grau & Associates serves as the District’s independent certified public accounting firm to calculate the rebate liability and submit reports to the District.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau & Associates currently serves as the District’s Independent Auditor.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.
Telephone
New internet and Wi-Fi service for Office.
Postage
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Expenditures - Administrative (continued)

Printing
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
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.
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.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Approved Budget Recreation Fund

Adopted	Actuals Thru  Projected Next Projected Thru	Approved Budget			Budget	
Description	FY 2025	4/30/25	  5 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments - Tax Roll	$  2,180,719	$  2,170,228	$	10,436	$  2,180,665	$  2,256,317	
Interest Income	5,000	17,034	7,500	24,534	5,000	
Miscellaneous Revenue	1,000	84	35	119	1,000	
Amenities Revenue	100,000	79,129	25,000	104,129	100,000	
Cost Share Revenue-South Village	36,022	39,299	-	39,299	-	
TOTAL REVENUES	$ 2,322,741	$ 2,305,775	$	42,971	$ 2,348,746	$ 2,362,317	

EXPENDITURES:						
Administrative						
Management Fees - On Site Staff	$	356,649	$	208,047	$	148,602	$	356,649	$	374,481	
Insurance	96,279	90,075	-	90,075	97,141	
Other Current Charges	6,000	3,396	2,604	6,000	6,000	
Permit Fees	1,650	1,529	121	1,650	1,650	
TOTAL ADMINISTRATIVE	$  460,578	$  303,047	$  151,327	$  454,374	$  479,272	

Operations & Maintenance						
Common Area Maintenance						
Security	$	136,335	$	62,747	$	73,588	$	136,335	$	136,335	
Security Clay County	47,304	26,579	20,725	47,304	47,304	
Electric	20,000	8,358	11,641	20,000	18,000	
Streetlighting	35,000	17,283	17,717	35,000	32,400	
Irrigation Maintenance	5,000	-	2,500	2,500	5,000	
Landscape Maintenance	557,230	315,583	225,415	540,998	557,230	
Common Area Maintenance	80,000	44,159	35,841	80,000	84,000	
Lake Maintenance	25,000	11,158	13,842	25,000	25,000	
TOTAL COMMON AREA MAINTENANCE	$  905,868	$  485,867	$  401,270	$  887,137	$  905,269	

Recreation Facility						
Amenity Staff	$	190,000	$	63,046	$	126,954	$	190,000	$	190,000	
Janitorial	59,500	28,989	30,511	59,500	62,475	
Telephone	18,000	11,641	6,359	18,000	18,000	
Electric	75,000	26,523	48,477	75,000	69,600	
Water / Sewer	45,000	27,932	22,068	50,000	54,200	
Gas/Heat (Pool)	20,000	18,207	1,793	20,000	20,000	
Refuse Service	35,000	26,466	13,534	40,000	42,000	
Pool Maintenance & Chemicals	43,000	29,061	13,939	43,000	43,000	
Cable	8,000	4,532	3,468	8,000	8,000	
Special Events	10,000	6,274	3,726	10,000	10,000	
Office Supplies and Equipment	1,500	-	1,500	1,500	1,500	
Facility Maintenance - General	65,000	36,236	28,764	65,000	68,250	
Facility Maintenance - Preventive Contracts	15,950	1,305	10,000	11,305	15,950	
Facility Maintenance - Contingency	7,500	4,988	2,512	7,500	7,875	
Elevator Maintenance	10,000	6,170	3,830	10,000	10,000	
Recreation Passes	4,000	3,519	481	4,000	4,000	
Lighting Repairs	12,000	5,527	6,473	12,000	12,000	
Tennis Court Maintenance	65,725	53,143	12,582	65,725	69,011	
Capital Reserve	271,120	-	271,120	271,120	271,914	
TOTAL RECREATION FACILITY	$  956,295	$  353,561	$  608,089	$  961,650	$  977,776	
						
TOTAL EXPENDITURES	$ 2,322,741	$ 1,142,475	$ 1,160,686	$ 2,303,161	$ 2,362,317	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$ 1,163,300	$ (1,117,714)	$	45,585	$	-	

REVENUES

Special Assessments-Tax Roll
The District will levy a non ad-valorem special assessment on all assessable property within the District to fund all of the Recreational Operating Expenditures for the fiscal year.
Interest Income
The District will have funds invested in a money market fund with Hancock Bank. The amount is based upon the estimated balance invested throughout the year.
Miscellaneous Revenue
Any Revenues not mentioned above.
Amenities Revenue
Income received from resident/non-resident rental of Grand Banquet Room, Furniture and Grand Lawn.
Income from proceeds from access cards.
Income earned from the sales of vending items.
Income received from the non-resident user fee for the Recreation Facility.
Income received from tennis lessons, ball machine rental, and equipment repair.

Expenditures - Administrative

Management Fees - On Site Staff
The District has contracted with Governmental Management Services, LLC (“GMS”) for the supervision and on-site management of the District’s amenities. The responsibilities include management of District maintenance contracts, scheduling special events, management of District employees, rental of facilities, scheduling of special events, resident inquiries and other maintenance related items. The District shares the cost of a community manager, aquatics director, fitness center/access director, rental coordinator and administrative assistant with the Double Branch Community Development District.
Insurance
The District's Property and Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Permit Fees
Costs of various occupational licenses and pool permits.
Description	Annual	
Competition Pool Permit	$	300	
Family Pool Permit	300	
Spray Pool Permit	200	
ASCAP/BMI/MOOD/Pandora		850 	
Total	$	1,650	

Expenditures – Common Area Maintenance

Security
The District will have a contract with S3 Security, a security company to provide Athletic Center and Common area security services and a roving guard.
Description	Monthly	Annual

Security Contract

$	10,833  $

130,000

Contingency/Extra Coverage		528	6,335 

Security Clay County

Total

$	11,361  $

136,335

The District will contract with off-duty Clay County Officers 24 hours/week random patrols (cost split 50/50 with Double Branch).

Expenditures – Common Area Maintenance (continued)

Electric
The cost of electricity provided by Clay Electric Cooperative, Inc. for signage lighting, entry feature lighting, landscape lighting, etc.

Account #	Description	Monthly	Annual	
6082986	885 Misty Oak Drive	$	40	$	476	
6144521	384 Oakleaf Plantation Blvd	90	1,078	
6177042	726-1 Chestnut Chase Drive	50	600	
6214282	707 Oak Leaf Plantation Pkwy	100	1,200	
6411763	4222-1 Plantation Oaks Blvd	400	4,800	
7131568	893-1 Cardinal Hills Street	40	477	
7131600	508-1 Chestwood Chase Drive	40	485	
7131634	3215-1 Live Oak Hollow Drive	50	600	
7131642	1016-1 Oakleaf Plantation Parkway	40	485	
7131691	1225-1 Deerview Lane	40	484	
7138258	3786-1 Timberline Drive	40	484	
7709488	711-1 Oak Leaf Plantation	70	840	
7778707	4219-1 Planation Oaks Blvd	100	1,198	
8339848	1097-1 Oakleaf Plantation U/G	50	600	
8455321	713-1 Oakleaf Plantation Pkwy	70	840	
8455347	573-2 Oakleaf Plantation Pkwy	70	840	
Contingency		209	2,513 	
Total	$	1,500	$	18,000	
Streetlighting
The cost of roadway lighting provided by Clay Electric Cooperative, Inc.:

Account #

Description

Monthly	Annual

6301196

Westside of Brannanfield

$	2,600  $

31,200

Contingency		100	1,200 

Irrigation Maintenance

Total

$	2,700  $

32,400

Miscellaneous irrigation repairs and maintenance incurred by the district.
Landscape Maintenance
The District has contracted with Verdego to provide landscaping and irrigation maintenance services to all of the common areas within the District as well as the Amenity Center.
Description	Monthly	Annual

Common Area Maintenance

Landscape Contract

$	46,436  $

557,230

Represents the estimated day-to-day maintenance of the Districts common areas. Services include:

-Pressure washing of District fences, entrance signage and pillars, pool areas, tennis facilities, gazebos, amenity center, field house, parks, park equipment and sidewalks. The estimated annual amounts for these services are based upon contractor proposals.

The estimated cost for the following is based upon past history and current hourly rates:
-All common area easements and park litter clean up
-Storm sewer grate inspections and cleaning
-Removal of unauthorized signage and maintenance of community signage
-Traffic/car accident clean up
-Inspections and repairs to all park equipment such as playground, picnic tables and benches.
-Lake inspections and cleanup
Lake Maintenance
The District has contracted with The Lake Doctors to provide monthly water management services and annual carp as needed per the contract to the 13 lakes within the District. Contingency includes monthly lake inspections and clean-up of outfall structures and barriers.
Description	Monthly	Annual

Lake Maintenance Contract

$	1,917  $

23,000

Contingency		167	2,000 

Total

$	2,083  $

25,000

Expenditures – Recreation Facility

Amenity Staff
The District pays direct salaries for one front desk staff at the fitness center and to provide lifeguard services from District employees during pool operating season, Mid-March through October.
Janitorial
The District has contracted with Riverside Management Services, LLC to provide janitorial services and scheduled carpets cleanings to the District. Janitorial services are being provided seven days a week and carpets will be cleaned 9xs a year unless otherwise needed. Supplies will be purchased directly from ERC Wiping Products and Supplyworks.
Description	Monthly	Annual

Janitorial Contract

$	4,331  $

51,975

Contingency Supplies

175	2,100
	700	8,400 

Telephone

Total

$	5,206  $

62,475

The Amenity Center currently pays AT&T for 2 phone lines. The amounts are based upon the following:
Description	Monthly	Annual

AT&T Telephone Contract

$	1,300  $

15,600

Contingency		150	1,800 

Electric

Total

$	1,450  $

17,400

Cost of electric billed to the District by Clay Electric for the Amenity Center.
Account #	Description	Monthly	Annual

6301188
8353831

845 Oakleaf Plantation Pkwy
853 Oakleaf Plantation Pkwy (Pool)

$	3,500  $
2,000  $

42,000
24,000

Contingency		300  $	3,600 

Water/Sewer

Total

$	5,800  $

69,600

Cost of water and sewer service from JEA and Clay County Utility Authority for the Amenity Center.
Account #	Description	Monthly	Annual

94337379

845 Oakleaf Plantation - Water

$	500  $

6,000

94337379
514013067

845 Oakleaf Plantation - Sewer 845 Oakleaf Plantation - Pool

650	7,800
	1,100	13,200 

	Total JEA	$	2,250	$	27,000	
A00011541	3214-1 Tower Oaks Drive Rec	$	900	$	10,800	
A00013767	701-1 Turkey Point Drive Rec	30	360	
A00013768	878-1 Songbird Drive Rec	50	600	
A00013769	738-1 Chestwood Chase Drive	45	540	
A00014209	3214-2 Tower Oaks Drive Rec	85	1,020	
A00016729	1089 Oakleaf Plantation Pkwy	400	4,800	
A00016730	1092 Oakleaf Plantation Pkwy	200	2,400	
A00016858	3713-1 Chasing Falls Rd Rec/Irrig	30	360	
A00016856	533-1 Southwood Way Irrig	40	480	

A00016857

533-2 Southwood Way Rec/Irrig

	70	840 

Total CCUA

$	1,850  $

22,200

Contingency		417	5,000 

Gas/Heat (Pool)

Total Water/Sewer/Reclaim

$	4,517  $

54,200

Cost of gas to heat the pool water during wintertime. The District uses Wilford Propane Gas as a gas supplier.
Refuse Service
The District receives Refuse removal service from Southland Waste Service for the Amenity Center. Two dumpsters during busy summer months (June-Aug).

Expenditures – Recreation Facility (continued)

Pool Maintenance & Chemicals
The District currently has a contract with Poolsure to supply chemicals and chemical feeders for the Amenity Center pools. The District is contracted with RMS for the cleaning, water testing, and treatment of the Amenity Center pools. During summer months, district employees will help with basic poolside cleaning such as brushing, skimming, and tile cleaning. Additionally, GMS staff handles the annual maintenance projects on the pool and deck features. The amount is based upon the following:
Description	Monthly	Annual

Pool Maintenance/Chemicals

$	2,917  $

35,000

Contingency		667	8,000 

Cable
The District currently uses Comcast for cable services.

Total

$	3,583  $

43,000

Description	Monthly	Annual

Tennis

$	95  $

1,136

Fitness		572	6,864 

Special Events

Total

$	667  $

8,000

Monthly events and organized functions the Amenity Center Director provide for all residents of Oakleaf Plantation.
Office Supplies & Equipment
Office supplies for the Amenity Center.
Facility Maintenance-General
Represents estimated cost for general maintenance throughout the District based upon historical cost.
Facility Maintenance-Preventative Contracts
Cost of routine repairs and maintenance.
Facility Maintenance-Contingency
Represents estimated amount based upon historical cost for fence repairs, graffiti clean-up, signage repairs, wall cap replacements and damaged park equipment.
Elevator Maintenance
The District has a contract with Coastal Elevator Service for the maintenance of the Amenity Center Elevator as well as the annual state inspection.
Description	Monthly	Annual

Contract

$	725  $

8,700

Inspection Contingency

-	250
	88	1,050 

Recreation Passes

Total

$	813  $

10,000

Entry cards are issued to all CDD residents for facility access. Recreation Passes include the cards, ribbon, cleaner, guest cards etc.
Lighting Repairs
Represents costs for fixtures, bulb and ballast, replacement, and electrician labor based upon past history.
Tennis Court Maintenance
Represents cost of clay replacement and installation (twice per year), irrigation and equipment repairs, drainage cleaning/repairs.
Capital Reserve
Money set aside for future replacements of capital related items and operating capital.

Approved Budget
Debt Service Series 2018A-2 and 2022 Special Assessment Refunding Bonds

Description

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru

4/30/25

	5 Months	

9/30/25

Approved Budget FY 2026

REVENUES:

Special Assessments-On Roll	$	1,772,172	$	1,733,021	$	8,334	$	1,741,355	$	1,772,172	
Interest Earnings	10,000	10,782	5,000	15,782	10,000	
Carry Forward Surplus (1)	283,240	286,847	-	286,847	272,829	
TOTAL REVENUES	$ 2,065,412	$ 2,030,650	$	13,334	$  2,043,984	$ 2,055,001	

EXPENDITURES:						
Series 2022						
Interest 11/1	$	189,828	$	189,828	$	-	$	189,828	$	177,731	
Principal Prepayment 11/1	-	4,000	-	4,000	-	
Interest 5/1	189,828	-	189,828	189,828	177,731	
Principal 5/1	1,153,000	-	1,153,000	1,153,000	1,177,000	
Series 2018A-2						
Interest 11/1	47,250	47,250	-	47,250	44,000	
Principal Prepayment 11/1	-	5,000	-	5,000	-	
Interest 5/1	47,250	-	47,250	47,250	44,000	
Principal 5/1	130,000	-	130,000	130,000	140,000	
Principal Prepayment 5/1	-	-	5,000	5,000	-	
TOTAL EXPENDITURES	$ 1,757,155	$	246,078	$ 1,525,078	$  1,771,155	$ 1,760,462	

Other Sources/(Uses)

Interfund transfer In/(Out)

$	-  $

-  $	-  $

-  $	-

EXCESS REVENUES (EXPENDITURES)	$	308,257  $ 1,784,573  $ (1,511,744)  $	272,829  $	294,540

TOTAL EXPENDITURES	$ 1,757,155  $	246,078  $ 1,525,078  $  1,771,155  $ 1,760,462

TOTAL OTHER SOURCES/(USES)	$	-  $	-  $	-  $	-  $	-

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

 $	205,157 

AMORTIZATION SCHEDULE
Debt Service Series 2022 Special Assessment Refunding Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	$	13,232,000		$	177,731	$	1,532,462	
05/01/26	13,232,000	2.2215%	1,177,000	177,731		
11/01/26	12,055,000			164,657	1,533,315	
05/01/27	12,055,000	2.3474%	1,204,000	164,657		
11/01/27	10,851,000			150,526	1,533,052	
05/01/28	10,851,000	2.4631%	1,232,000	150,526		
11/01/28	9,619,000			135,353	1,534,707	
05/01/29	9,619,000	2.5634%	1,264,000	135,353		
11/01/29	8,355,000			119,153	1,535,305	
05/01/30	8,355,000	2.6548%	1,297,000	119,153		
11/01/30	7,058,000			101,936	1,535,873	
05/01/31	7,058,000	2.7417%	1,332,000	101,936		
11/01/31	5,726,000			83,677	1,537,353	
05/01/32	5,726,000	2.8224%	1,370,000	83,677		
11/01/32	4,356,000			64,343	1,538,686	
05/01/33	4,356,000	2.8925%	1,410,000	64,343		
11/01/33	2,946,000			43,951	1,538,902	
05/01/34	2,946,000	2.9549%	1,451,000	43,951		
11/01/34	1,495,000			22,513	1,540,026	
05/01/35	1,495,000	3.0118%	1,495,000	22,513		
Total			$  13,232,000  $	2,317,463	$  15,549,463	

AMORTIZATION SCHEDULE
Debt Service Series 2018A-2 Special Assessment Refunding Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	$	1,760,000	5.000%	$	44,000	$	44,000	
05/01/26	1,760,000	5.000% $	140,000	44,000		
11/01/26	1,620,000	5.000%		40,500	224,500	
05/01/27	1,620,000	5.000%	145,000	40,500		
11/01/27	1,475,000	5.000%		36,875	222,375	
05/01/28	1,475,000	5.000%	150,000	36,875		
11/01/28	1,325,000	5.000%		33,125	220,000	
05/01/29	1,325,000	5.000%	160,000	33,125		
11/01/29	1,165,000	5.000%		29,125	222,250	
05/01/30	1,165,000	5.000%	170,000	29,125		
11/01/30	995,000	5.000%		24,875	224,000	
05/01/31	995,000	5.000%	180,000	24,875		
11/01/31	815,000	5.000%		20,375	225,250	
05/01/32	815,000	5.000%	190,000	20,375		
11/01/32	625,000	5.000%		15,625	226,000	
05/01/33	625,000	5.000%	200,000	15,625		
11/01/33	425,000	5.000%		10,625	226,250	
05/01/34	425,000	5.000%	205,000	10,625		
11/01/34	220,000	5.000%		5,500	221,125	
05/01/35	220,000	5.000%	220,000	5,500	225,500	
Total		$	1,760,000  $	521,250	$	2,281,250	

Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	
O&M	Bonds 2018/22
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
	
FY 2026	
FY 2025	
Increase/ (decrease)	
FY 2026	
FY 2025	Increase/ (decrease)	

Single Family	

1,059	

1,053	

$953.88	

$954.96	

-$1.08	

0%	

$851.86	

$851.86	

$0.00	
Multi Family	1,056	1,274	$732.56	$740.24	-$7.67	-1%	$609.16	$609.16	$0.00	
High Density MF	228	0	$665.56	$675.20	-$9.64	-1%	$0.00	$0.00	$0.00	
High Density MF&Aqutics	704	0	$665.56	$574.16	$91.40	14%	$0.00	$0.00	$0.00	
Commercial/Office	330,000	320,900	$0.635	$0.62	$0.01	2%	$0.66	$0.66	$0.00	
Total	333,047	323,227								

Approved Budget Capital Reserve Fund

Description

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru

4/30/25

	5 Months	

9/30/25

Approved Budget FY 2026

REVENUES:

Transfer In from General Fund

$	19,222  $

-  $	19,222  $

19,222  $	-

Transfer In from Recreation Fund	271,120		-		-		-	271,914 Interest		15,000	24,633	10,000	34,633		15,000
Carry Forward Balance	1,194,696	1,138,355	-	1,138,355	899,814

TOTAL REVENUES

$ 1,500,038  $ 1,162,988  $	29,222  $ 1,192,210  $ 1,186,728

EXPENDITURES:

Capital Outlay

Repairs & Replacements

$	250,000  $

217,396  $

75,000  $

292,396  $

250,000

TOTAL EXPENDITURES

$	250,000  $	217,396  $	75,000  $	292,396  $	250,000

Other Sources/(Uses)

Transfer in/(Out)

$	-  $

-  $	-  $

-  $	-

TOTAL OTHER SOURCES/(USES)

$

-  $

-  $

-  $

-  $

-

TOTAL EXPENDITURES

$	250,000  $	217,396  $	75,000  $	292,396  $	250,000

EXCESS REVENUES (EXPENDITURES)

$ 1,250,038  $	945,592  $	(45,778)  $	899,814  $	936,728

Exhibit "A" Allocation of Operating Reserve

Allocation of Operating Reserves

Estimated Funds Available

General Fund - Beginning Fund Balance - 10/1/24	$	207,058	
Recreation Fund - Beginning Fund Balance - 10/1/24	1,022,030	
Estimated General Excess Revenues - Fiscal Year 2025	2,016,342	
Estimated Recreation Excess Revenues- Fiscal Year 2025	45,585	

Total Estimated Operating Funds Available - 9/30/2025

 $	3,291,015 

Allocation of Funds Available

General Fund Operating Reserve - First Quarter Operating Capital	$	50,399	
Recreation Fund Operating Reserve - First Quarter Operating Capital	522,601	
Total Reserve	 $	572,999 	
Total Working Capital Surplus	 $	2,718,016 	

Capital Reserve- Beginning Fund Balance - 10/1/24

$	1,138,355

Projected Capital Excess Revenues - Fiscal Year 2025		(238,541) 

Total Estimated Reserve Funds Available - 9/30/25

 $	899,814 

Capital Projects Reserve

$	271,914

General Fund Reserve	0

Total Funding FY 2026

 $	271,914 

Total Estimate Reserve Fund Balances - 9/30/26

 $	1,171,728