RESOLUTION 2026-01

WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Middle Village Community Development District, hereinafter referred to as “District”, adopted General Fund, Recreation Fund, and Capital Reserve Fund Budgets for Fiscal Year 2025, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MIDDLE VILLAGE COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The General Fund, Recreation Fund, and Capital Reserve Fund Budgets are hereby amended in accordance with Exhibit “A” attached.

This resolution shall become effective this 10th day of November, 2025 and be reflected in the monthly and Fiscal Year End 9/30/25 Financial Statements and Audit Report of the District.

Middle Village

Community Development District

Attest:

by:			 Chairman / Vice Chairman

by:			 Secretary / Assistant Secretary

MIDDLE VILLAGE CDD RESOLUTION 2026-01
EXHIBIT A

Middle Village
Community Development District
FY 2025 Budget Amendment
Statement of Revenues, Expenditures, and Changes in Fund Balance General Fund

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	

Revenues					
Special Assessments - Tax Roll	$	222,749	$	727	$	223,476	$	223,476	
Interest Income	1,000	(425)	575	575	
Total Revenues	$	223,749	$	302	$	224,050	$	224,050	

Expenditures					
General & Administrative:					
Supervisors Fees	$	12,000	$	-	$	12,000	$	11,200	
FICA Expense	918	-	918	857	
Travel per Diem	200	-	200	-	
Engineering	7,000	7,659	14,659	14,659	
Trustee Fee	15,000	5,250	20,250	20,250	
Dissemination Agent	3,933	400	4,333	4,333	
Assessment Roll Administration	8,483	-	8,483	8,483	
Attorney	50,000	(8,000)	42,000	33,272	
Arbitrage Rebate	700	(100)	600	600	
Annual Audit	6,600	100	6,700	6,700	
Management Fees	72,865	-	72,865	72,865	
Information Technology	2,865	-	2,865	2,865	
Telephone	300	79	379	379	
Postage	1,500	1,005	2,505	2,505	
Printing	2,500	-	2,500	2,275	
Insurance General Liability	14,109	-	14,109	13,724	
Legal Advertising	2,500	-	2,500	1,562	
Other Current Charges	150	-	150	45	
Office Supplies	200	-	200	10	
Website Maintenance	2,528	-	2,528	2,528	
Dues, Licenses & Subscriptions	175	-	175	175	
Capital Reserve Funding	19,222	-	19,222	19,222	
Total General & Administrative Expenditures	$	223,749	$	6,394	$	230,142	$	218,508	
					
Excess Revenues (Expenditures)	$	-	$	(6,092)	$	(6,092)	$	5,542	
					
Fund Balance - Beginning	$	-	$	6,092	$	6,092	$	207,058	
					
Fund Balance - Ending	$	-	$	-	$	-	$	212,600	

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	

Revenues					
Special Assessments - Tax Roll	$	2,180,719	$	7,113	$	2,187,832	$	2,187,832	
Interest Income	5,000	33,401	38,401	38,401	
Miscellaneous Revenue	1,000	(916)	84	84	
Amenities Revenue	100,000	6,355	106,355	106,355	
Cost Share Revenue-South Village	36,022	3,277	39,299	39,299	
Total Revenues	$	2,322,741	$	49,229	$	2,371,970	$	2,371,970	

Expenditures					
Administrative					
Management Fees - On Site Staff	$	356,649	$	3	$	356,652	$	356,652	
Insurance	96,279	-	96,279	90,075	
Other Current Charges	6,000	273	6,273	6,273	
Permit Fees	1,650	1,125	2,775	2,775	
Total Administrative	$	460,578	$	1,401	$	461,979	$	455,775	

Maintenance:					
Security	$	136,335	$	-	$	136,335	$	108,478	
Security Clay County	47,304	42	47,346	47,346	
Electric	20,000	-	20,000	17,609	
Streetlighting	35,000	-	35,000	29,938	
Irrigation Maintenance	5,000	-	5,000	-	
Landscape Maintenance	557,230	-	557,230	540,999	
Common Area Maintenance	80,000	-	80,000	73,763	
Lake Maintenance	25,000	-	25,000	19,128	
Subtotal Maintenance	$	905,868	$	42	$	905,910	$	837,262	

Recreation Facility:					
Amenity Staff	$	190,000	$	24,980	$	214,980	$	214,980	
Janitorial	59,500	-	59,500	49,614	
Telephone	18,000	1,150	19,150	19,150	
Electric	75,000	-	75,000	46,065	
Water / Sewer	45,000	14,316	59,315	59,315	
Gas/Heat (Pool)	20,000	-	20,000	18,207	
Refuse Service	35,000	23,845	58,845	58,845	
Pool Maintenance & Chemicals	43,000	7,241	50,241	50,241	
Cable	8,000	-	8,000	7,837	
Special Events	10,000	338	10,338	10,338	
Office Supplies and Equipment	1,500	-	1,500	14	
Facility Maintenance - General	65,000	-	65,000	64,605	
Facility Maintenance - Preventive Contracts	15,950	-	15,950	2,670	
Facility Maintenance - Contingency	7,500	-	7,500	7,409	
Elevator Maintenance	10,000	-	10,000	6,170	
Recreation Passes	4,000	1,239	5,239	5,239	
Lighting Repairs	12,000	4,265	16,265	16,265	
Tennis Court Maintenance	65,725	6,964	72,689	72,689	
Capital Reserve	271,120	-	271,120	271,120	
Subtotal Recreation Facility	$	956,295	$	84,338	$	1,040,633	$	980,774	
					
Total Expenses	$	2,322,741	$	85,781	$	2,408,522	$	2,273,811	
					
Excess Revenues (Expenditures)	$	-	$	(36,551)	$	(36,551)	$	98,160	
					
Fund Balance - Beginning	$	-	$	36,551	$	36,551	$	1,022,030	
					
Fund Balance - Ending	$	-	$	-	$	-	$	1,120,190	

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	

Revenues					
Transfer In from General Fund	$	19,222	$	-	$	19,222	$	19,222	
Transfer In from Recreation Fund	271,120	-	271,120	271,120	
Interest	15,000	26,825	41,825	41,825	
Total Revenues	$	305,342	$	26,825	$	332,166	$	332,167	

Expenditures					
Repairs & Replacements	250,000	125,000	375,000	353,850	
Total Expenditures	$	250,000	$	125,000	$	375,000	$	353,850	
					
Excess Revenues (Expenditures)	$	55,342	$	(98,175)	$	(42,834)	$	(21,683)	
					
Fund Balance - Beginning	$	1,193,255			$	1,138,355	
					
Fund Balance - Ending	$	1,248,596			$	1,116,673