Middle Village

Community Development District

Approved Budget
FY 2027

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

Adopted	Actuals Thru	Projected Next Projected Thru	Approved Budget				Budget	
Description	FY 2026	4/30/26		5 Months		9/30/26	FY 2027	

REVENUES:						
Special Assessments - On Roll	$	200,594	$	197,832	$	2,756	$	200,588	$	208,519	
Interest income	1,000	24,416	5,000	29,416	10,000	
TOTAL REVENUES	$	201,594	$	222,248	$	7,756	$	230,005	$	218,519	

EXPENDITURES:						
Administrative						
Supervisors Fees	$	12,000	$	6,800	$	5,000	$	11,800	$	12,000	
FICA Expense	918	520	383	903	918	
Travel per Diem	200	-	100	100	-	
Engineering	8,000	6,934	6,000	12,934	16,000	
Trustee Fee	15,000	15,000	5,250	20,250	20,250	
Dissemination Agent	4,129	2,659	1,720	4,379	4,780	
Assessment Roll Administration	8,907	8,907	-	8,907	9,442	
Attorney	40,000	10,476	29,524	40,000	37,000	
Arbitrage Rebate	700	-	700	700	700	
Annual Audit	6,800	6,900	-	6,900	7,000	
Management Fees	76,509	44,630	31,878	76,509	81,099	
Information Technology	3,008	1,755	1,254	3,008	3,189	
Telephone	300	165	135	300	300	
Postage	1,500	618	882	1,500	1,500	
Printing	2,500	387	2,113	2,500	2,500	
Insurance General Liability	15,443	14,547	-	14,547	16,002	
Legal Advertising	2,500	610	1,890	2,500	2,500	
Other Current Charges	150	21	129	150	150	
Office Supplies	200	4	196	200	200	
Website Maintenance	2,655	1,549	1,106	2,655	2,814	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	201,594	$	122,658	$	88,257	$	210,915	$	218,519	
						
TOTAL EXPENDITURES	$	201,594	$	122,658	$	88,257	$	210,915	$	218,519	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	99,590	$	(80,501)	$	19,089	$	-	

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.
Engineering
The District's engineering firm provides general engineering services to the District, including attending and preparing for monthly board meetings, reviewing invoices, etc. England, Thims & Miller serves as the District's engineering firm.
Trustee Fees
The trustee fees for the District's Series 2018 and 2022 Bonds are 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.
Vendor	Description	Monthly	Annual	
GMS	Dissemination Agent	$	365	$	4,380	
Disclosure Services	Revised Amortization Schedules		400	
	Total		$	4,780	
Assessment Roll Administration
GMS, 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
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.
Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Adopted Budget

Actuals Thru  Projected Next Projected Thru	Approved
Budget

Approved Budget Recreation Fund

Description	FY 2026	4/30/26	  5 Months		9/30/26	FY 2027	
REVENUES:						
Special Assessments - Tax Roll	$  2,256,317	$  2,225,247	$	31,004	$  2,256,252	$  2,369,895	
Interest Income	5,000	11,766	4,000	15,766	5,000	
Miscellaneous Revenue	1,000	-	1,000	1,000	1,000	
Amenities Revenue	100,000	69,050	40,950	110,000	100,000	
TOTAL REVENUES	$ 2,362,317	$ 2,306,063	$	76,954	$ 2,383,017	$ 2,475,895	

EXPENDITURES:						
Administrative						
Management Fees - On Site Staff	$	374,481	$	218,447	$	156,034	$	374,481	$	393,206	
Insurance	97,141	90,011	-	90,011	90,011	
Other Current Charges	6,000	3,305	2,695	6,000	6,000	
Permit Fees	1,650	756	894	1,650	1,650	
TOTAL ADMINISTRATIVE	$  479,272	$  312,519	$  159,624	$  472,142	$  490,867	

Operations & Maintenance						
Common Area Maintenance						
Security	$	136,335	$	63,370	$	72,965	$	136,335	$	115,731	
Security Clay County	47,304	18,990	28,314	47,304	50,615	
Electric	18,000	11,445	13,000	24,445	23,400	
Streetlighting	32,400	18,270	14,130	32,400	32,400	
Irrigation Maintenance	5,000	1,410	2,500	3,910	15,000	
Landscape Maintenance	557,230	325,051	232,180	557,231	573,947	
Common Area Maintenance	84,000	48,414	35,586	84,000	89,040	
Lake Maintenance	25,000	13,358	11,642	25,000	25,000	
TOTAL COMMON AREA MAINTENANCE	$  905,269	$  500,308	$  410,318	$  910,625	$  925,133	

Recreation Facility						
Amenity Staff	$	190,000	$	75,482	$	114,518	$	190,000	$	214,996	
Janitorial	62,475	38,999	23,476	62,475	66,224	
Telephone	18,000	3,475	5,500	8,975	10,000	
Electric	69,600	30,710	30,290	61,000	61,200	
Water / Sewer	54,200	43,646	25,000	68,646	71,100	
Gas/Heat (Pool)	20,000	23,824	-	23,824	24,000	
Refuse Service	42,000	40,955	27,500	68,455	76,800	
Pool Maintenance & Chemicals	43,000	30,311	12,689	43,000	54,000	
Cable	8,000	4,827	3,174	8,000	8,576	
Special Events	10,000	3,537	6,463	10,000	12,000	
Office Supplies and Equipment	1,500	412	500	912	1,000	
Facility Maintenance - General	68,250	39,281	28,969	68,250	71,663	
Facility Maintenance - Preventive Contracts	15,950	2,595	5,000	7,595	10,000	
Facility Maintenance - Contingency	7,875	4,332	3,543	7,875	7,875	
Elevator Maintenance	10,000	1,035	8,965	10,000	10,000	
Recreation Passes	4,000	1,647	2,353	4,000	4,000	
Lighting Repairs	12,000	6,173	5,827	12,000	12,000	
Tennis Court Maintenance	69,011	46,999	22,012	69,011	72,462	
Capital Reserve	271,914	-	271,914	271,914	272,000	
TOTAL RECREATION FACILITY	$  977,776	$  398,240	$  597,693	$  995,933	$ 1,059,896	
						
TOTAL EXPENDITURES	$ 2,362,317	$ 1,211,066	$ 1,167,634	$ 2,378,700	$ 2,475,895	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$ 1,094,997	$ (1,090,680)	$	4,317	$	-	

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 incurred 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 Clay County

Security Contract

$	9,644  $

115,731

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

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	$	50	$	600	
6144521	384 Oakleaf Plantation Blvd	80	960	
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	50	600	
7131600	508-1 Chestwood Chase Drive	50	600	
7131634	3215-1 Live Oak Hollow Drive	50	600	
7131642	1016-1 Oakleaf Plantation Parkway	50	600	
7131691	1225-1 Deerview Lane	50	600	
7138258	3786-1 Timberline Drive	50	600	
7709488	711-1 Oak Leaf Plantation	90	1,080	
7778707	4219-1 Planation Oaks Blvd	110	1,320	
8339848	1097-1 Oakleaf Plantation U/G	70	840	
8455321	713-1 Oakleaf Plantation Pkwy	450	5,400	
8455347	573-2 Oakleaf Plantation Pkwy	100	1,200	
5829387	1071 Deer View LN	50	600	
Contingency		100	1,200 	
Total	$	1,950	$	23,400	
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

$	47,829  $

573,947

Represents the estimated day-to-day maintenance of the District's 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 stocking 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 the pool operating season, mid-March through October.
Janitorial
The District has contracted with Riverside Management to provide janitorial services to the District.
Description	Monthly	Annual

Telephone

Janitorial Contract

$	5,519  $

66,224

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

Electric

AT&T Telephone Contract

$	1,500  $

10,000

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  $
1,500  $

42,000
18,000

Contingency		100  $	1,200 

Water/Sewer

Total

$	5,100  $

61,200

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

1,100	13,200
	1,500	18,000 

	Total JEA	$	3,100	$	37,200	
A00011541	3214-1 Tower Oaks Drive Rec	$	1,500	$	18,000	
A00013767	701-1 Turkey Point Drive Rec	30	360	
A00013768	878-1 Songbird Drive Rec	60	720	
A00013769	738-1 Chestwood Chase Drive	85	1,020	
A00014209	3214-2 Tower Oaks Drive Rec	150	1,800	
A00016729	1089 Oakleaf Plantation Pkwy	500	6,000	
A00016730	1092 Oakleaf Plantation Pkwy	30	360	
A00016858	3713-1 Chasing Falls Rd Rec/Irrig	50	600	
A00016856	533-1 Southwood Way Irrig	100	1,200	

A00016857

533-2 Southwood Way Rec/Irrig

	70	840 

Total CCUA

$	2,575  $

30,900

Contingency		250	3,000 

Gas/Heat (Pool)

Total Water/Sewer/Reclaim

$	5,925  $

71,100

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 Republic Services for the Amenity Center, consisting of two 6-cubic-yard waste containers with two pickups per week.
Description	Monthly	Annual

Refuse

$	6,300  $

75,600

Contingency		100	1,200 

Total

$	6,400  $

76,800

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

$	4,500  $

54,000

Contingency		-	- 

Cable

Total

$	4,500  $

54,000

The District currently uses Comcast for cable services.
Description	Monthly	Annual

Tennis

$	95  $

1,136

Fitness		620	7,440 

Special Events

Total

$	715  $

8,576

Monthly events and organized functions the Amenity Center Director provides 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 2026

Actuals Thru	Projected Next  Projected Thru

4/30/26

	5 Months	

9/30/26

Approved Budget FY 2027

REVENUES:

Special Assessments-On Roll	$	1,772,172	$	1,716,862	$	23,921	$	1,740,783	$	1,740,780	
Interest Earnings	10,000	17,804	5,000	22,804	10,000	
Carry Forward Surplus (1)	286,980	411,823	-	411,823	381,310	
TOTAL REVENUES	$ 2,069,152	$ 2,146,489	$	28,921	$  2,175,410	$ 2,132,091	

EXPENDITURES:						
Series 2022						
Interest 11/1	$	177,708	$	177,708	$	-	$	177,708	$	165,262	
Principal Prepayment 11/1	-	4,000	-	4,000	-	
Interest 5/1	177,708	-	177,642	177,642	165,262	
Principal 5/1	1,178,000	-	1,178,000	1,178,000	1,205,000	
Series 2018A-2						
Interest 11/1	43,750	43,750	-	43,750	39,625	
Principal Prepayment 11/1	-	30,000	-	30,000	-	
Interest 5/1	43,750	-	43,000	43,000	39,625	
Principal 5/1	140,000	-	140,000	140,000	145,000	
TOTAL EXPENDITURES	$ 1,760,915	$	255,458	$ 1,538,642	$  1,794,100	$ 1,759,773	

Other Sources/(Uses)

Interfund transfer In/(Out)

$	-  $

-  $	-  $

-  $	-

EXCESS REVENUES (EXPENDITURES)	$	308,237  $ 1,891,031  $ (1,509,721)  $	381,310  $	372,317

TOTAL EXPENDITURES	$ 1,760,915  $	255,458  $ 1,538,642  $  1,794,100  $ 1,759,773

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

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

 $	186,422 

AMORTIZATION SCHEDULE
Debt Service Series 2022 Special Assessment Refunding Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	12,049,000			165,262	165,262	
05/01/27	12,049,000	2.4631%	1,205,000	165,262		
11/01/27	10,844,000			150,422	1,520,683	
05/01/28	10,844,000	2.4631%	1,233,000	150,422		
11/01/28	9,611,000			135,237	1,518,658	
05/01/29	9,611,000	2.5634%	1,264,000	135,237		
11/01/29	8,347,000			119,036	1,518,272	
05/01/30	8,347,000	2.6548%	1,297,000	119,036		
11/01/30	7,050,000			101,819	1,517,855	
05/01/31	7,050,000	2.7417%	1,332,000	101,819		
11/01/31	5,718,000			83,560	1,517,379	
05/01/32	5,718,000	2.8224%	1,368,000	83,560		
11/01/32	4,350,000			64,255	1,515,814	
05/01/33	4,350,000	2.8925%	1,408,000	64,255		
11/01/33	2,942,000			43,891	1,516,146	
05/01/34	2,942,000	2.9549%	1,449,000	43,891		
11/01/34	1,493,000			22,483	1,515,374	
05/01/35	1,493,000	3.0118%	1,493,000	22,483		
11/01/35	-			-	1,515,483	
Total			$  12,049,000  $	1,771,928	$  13,820,928	

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

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	1,580,000	5.000%		$39,625	$39,625	
05/01/27	1,580,000	5.000%	145,000	39,625		
11/01/27	1,435,000	5.000%		36,000	220,625	
05/01/28	1,435,000	5.000%	155,000	36,000		
11/01/28	1,280,000	5.000%		32,250	223,250	
05/01/29	1,280,000	5.000%	160,000	32,250		
11/01/29	1,120,000	5.000%		28,250	220,500	
05/01/30	1,120,000	5.000%	165,000	28,250		
11/01/30	955,000	5.000%		24,125	217,375	
05/01/31	955,000	5.000%	175,000	24,125		
11/01/31	780,000	5.000%		19,750	218,875	
05/01/32	780,000	5.000%	185,000	19,750		
11/01/32	595,000	5.000%		15,125	219,875	
05/01/33	595,000	5.000%	190,000	15,125		
11/01/33	405,000	5.000%		10,375	215,500	
05/01/34	405,000	5.000%	200,000	10,375		
11/01/34	205,000	5.000%		5,375	215,750	
05/01/35	205,000	5.000%	205,000	5,375		
11/01/35	-	5.000%		-	210,375	
Total		$	1,580,000  $	421,750	$	2,001,750	

Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	
O&M	Bonds 2018/22
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
	
FY 2027	
FY 2026	
Increase/ (decrease)	
FY 2027	
FY 2026	Increase/ (decrease)	

Single Family	

1,059	

1,052	

$998.62	

$953.88	

$44.74	

4%	

$851.86	

$851.86	

$0.00	
Multi Family	1,047	845	$771.78	$732.56	$39.22	5%	$609.16	$609.16	$0.00	
High Density MF	228	227	$703.11	$665.56	$37.55	5%	$609.16	$609.16	$0.00	
High Density MF & Aquatics	704	192	$703.11	$665.56	$37.55	5%	$609.16	$609.16	$0.00	
Commercial/Office	330,000	280,900	$0.652	$0.635	$0.02	3%	$0.66	$0.66	$0.00	
Total	333,038	283,216								

Approved Budget Capital Reserve Fund

Description

Adopted Budget FY 2026

Actuals Thru	Projected Next  Projected Thru

4/30/26

	5 Months	

9/30/26

Approved Budget FY 2027

REVENUES:

Transfer In from Recreation Fund

$	271,914  $

-  $	271,914  $

271,914  $

272,000

Interest	15,000	23,874	5,000	28,874	20,000
Carry Forward Balance	1,157,673	1,138,355	-	1,138,355	1,261,541

TOTAL REVENUES	$ 1,444,587  $ 1,162,229  $	276,914  $ 1,439,143  $ 1,553,541

EXPENDITURES:

Capital Outlay

Repairs & Replacements

$	250,000  $

127,602  $

50,000  $

177,602  $

250,000

TOTAL EXPENDITURES	$	250,000  $	127,602  $	50,000  $	177,602  $	250,000

Other Sources/(Uses)

Transfer in/(Out)

$	-  $

-  $	-  $	-  $	-

EXCESS REVENUES (EXPENDITURES)	$ 1,194,587  $ 1,034,627  $	226,914  $ 1,261,541  $ 1,303,541

TOTAL EXPENDITURES	$	250,000  $	127,602  $	50,000  $	177,602  $	250,000

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

Exhibit "A" Allocation of Operating Reserve

Allocation of Operating Reserves

Estimated Funds Available

General Fund - Beginning Fund Balance - 10/1/25	$	209,418	
Recreation Fund - Beginning Fund Balance - 10/1/25	1,115,221	
Estimated General Excess Revenues - Fiscal Year 2026	19,089	
Estimated Recreation Excess Revenues- Fiscal Year 2026	4,317	

Total Estimated Operating Funds Available - 9/30/2026

 $	1,348,045 

Allocation of Funds Available

General Fund Operating Reserve - First Quarter Operating Capital	$	54,630	
Recreation Fund Operating Reserve - First Quarter Operating Capital	550,974	
Total Reserve	 $	605,603 	
Total Working Capital Surplus	 $	742,442 	

Capital Reserve- Beginning Fund Balance - 10/1/25	$	1,138,355	
Projected Capital Excess Revenues - Fiscal Year 2026		123,186 	
Total Estimated Reserve Funds Available - 9/30/26	 $	1,261,541 	

Interest Earned

$	20,000

Capital Projects Reserve	272,000

Total Funding FY 2027

 $	292,000 

Capital Reserve Estimated Expenditure - 9/30/27

$	(250,000)

Total Estimate Reserve Fund Balances - 9/30/27

 $	1,303,541