Southaven
Community Development District
www.southavencdd.org

Adopted Budget
for
Fiscal Year 2026/2027

Table of Contents

	Page	
General Fund Budget for Fiscal Year 2026/2027	1	
Reserve Fund Budget for Fiscal Year 2026/2027	4	
Debt Service Fund Budget for Fiscal Year 2026/2027	5	
Assessments Charts for Fiscal Year 2026/2027	6	
General Fund Budget Account Category Descriptions	8	
Reserve Fund Budget Account Category Descriptions	15	
Debt Service Fund Budget Account Category Descriptions	16	

Adopted Budget
Southaven Community Development District
General Fund Fiscal Year 2026/2027

Chart of Accounts Classification	Budget for 2026/2027

		
ASSESSMENT REVENUES		
		
Special Assessments		
Tax Roll	$	970,613	
		
Assessment Revenue Subtotal	$	970,613	
		
OTHER REVENUES		
		
Other Miscellaneous Revenues		
Rentals, Access/Decals, Events	$	10,000	
		
Other Revenue Subtotal	$	10,000	
		
TOTAL REVENUES	$	980,613	
		
EXPENDITURES - ADMINISTRATIVE		
		
Financial & Administrative		
Accounting Services	$	17,850	
Administrative Services	$	6,400	
Arbitrage Rebate Reports	$	1,000	
Assessment Roll Certification	$	5,900	
Auditing Services	$	3,200	
Disclosure Reports	$	2,000	
District Engineer	$	16,650	
District Management	$	17,750	
Dues, Licenses & Fees	$	200	
Financial & Revenue Collections	$	5,450	
Legal Advertising	$	1,500	
Miscellaneous Fees	$	500	
Public Officials Liability Insurance	$	3,700	
Trustees Fees	$	7,000	
Website Hosting, Maintenance, Remediation & Backup	$	3,400	
Legal Counsel		

Chart of Accounts Classification	Budget for 2026/2027

District Counsel	$	20,000	
		
Administrative Subtotal	$	112,500	
		
EXPENDITURES - FIELD OPERATIONS		
		
Security Operations		
Access Control/Security Camera & Repair	$	27,000	
Gate Phone	$	2,000	
Guard & Gate Facility Maintenance & Repair	$	11,000	
Electric Utility Services		
Utility - Amenity, Gatehouse/Entry & Parks	$	15,500	
Utility - Street Lights	$	25,900	
Garbage/Solid Waste Control Services		
Garbage - Recreation Facility	$	3,800	
Water-Sewer Combination Services		
Utility - Reclaimed Irrigation (Parks, Entry & Amenity)	$	48,200	
Utility - Water & Sewer (Amenity, Gatehouse & Pool)	$	12,550	
Stormwater Control		
Aquatic Pond Maintenance	$	10,250	
Other Physical Environment		
Entry & Walls Maintenance	$	5,000	
General Liability & Property Insurance	$	39,000	
Irrigation Repairs	$	10,000	
Landscape & Irrigation Maintenance Contract	$	135,000	
Landscape Replacement & Misc. Services	$	25,000	
Mulch Services	$	31,201	
Road & Street Facilities		
Maintenance & Repairs (Common Areas)	$	1,500	
Parking Lot/Roadway Repair & Maintenance	$	12,000	
Street Light & Park Decorative Light Maintenance	$	3,500	
Street Sign Repair & Replacement	$	1,000	
Parks & Recreation		
Amenity Facility - Maintenance & Repair	$	15,000	
Amenity Facility Janitorial Service, Supplies & Equipment	$	15,000	

Adopted Budget
Southaven Community Development District
General Fund Fiscal Year 2026/2027

Chart of Accounts Classification	Budget for 2026/2027

Amenity and Common Areas Management & Maintenance Contract	$	173,415	
Common Area Pressure Washing	$	6,000	
Dog Waste Station Supplies & Maintenance	$	2,000	
Elevator Maintenance & Permit	$	3,000	
Fitness Equipment Maintenance & Repairs	$	2,500	
Furniture Repair & Replacement	$	4,000	
HVAC Maintenance & Repair	$	3,000	
Pest & Termite Bond	$	1,750	
Pool Permits	$	350	
Pool Services - Chemicals	$	9,500	
Security System Monitoring Services & Maintenance	$	1,500	
Telephone, Internet & Cable (Amenity Center)	$	8,000	
Tennis & Basketball Court Maintenance & Supplies	$	500	
Special Events		
Holiday Lights	$	5,000	
Special Events	$	5,000	
Contingency		
Capital Improvements	$	153,197	
Misc. Contingency	$	40,000	
		
Field Operations Subtotal	$	868,113	
		
TOTAL EXPENDITURES	$	980,613	
		
EXCESS OF REVENUES OVER EXPENDITURES	$	-	

Adopted Budget
Southaven Community Development District
Reserve Fund Fiscal Year 2026/2027	

Chart of Accounts Classification	Budget for 2026/2027	
1			
2	ASSESSMENT REVENUES		
3			
4	Special Assessments		
5	Tax Roll*	$	100,000	
6			
7	Assessment Revenue Subtotal	$	100,000	
8			
9	OTHER REVENUES		
10			
11	Balance Forward from Prior Year	$	-	
12			
13	Other Revenue Subtotal	$	-	
14			
15	TOTAL REVENUES	$	100,000	
16			
17	EXPENDITURES		
18			
19	Contingency		
21	Capital Reserves	$	100,000	
22			
23	TOTAL EXPENDITURES	$	100,000	
24			
25	EXCESS OF REVENUES OVER EXPENDITURES	$	-	
26			

SOUTHAVEN COMMUNITY DEVELOPMENT DISTRICT
Debt Service
Fiscal Year 2026/2027	

Chart of Accounts Classification	

Series 2026-1	

Series 2026-2	

Budget for 2026/2027	
				
REVENUES				
Special Assessments				
Net Special Assessments (1)	$176,335.42	$236,132.34	$412,467.76	
				
TOTAL REVENUES	$176,335.42	$236,132.34	$412,467.76	

EXPENDITURES				
Administrative				
Debt Service Obligation	$176,335.42	$236,132.34	$412,467.76	
Administrative Subtotal	$176,335.42	$236,132.34	$412,467.76	
				
TOTAL EXPENDITURES	$176,335.42	$236,132.34	$412,467.76	
				
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	$0.00	

5

St Johns County Collection Costs (2%) and Early Payment Discounts (4%):	6.0%	
GROSS ASSESSMENTS	$438,795.49	

Notes:		
Tax Roll Collection Costs for St. Johns County are 6.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.

(1) Maximum Annual Debt Service less any Prepaid Assessments Received

Per Unit Annual Assessment Comparison

2025/2026	2026/2027	

$1,800.00	
$1,450.57	
$2,821.82	$3,142.59	
$4,621.82	$4,593.16	

$1,800.00	
$1,450.57	
$2,891.02	$3,198.86	
$4,691.02	$4,649.43	

$1,080.00	
$870.34	
$2,891.02	$3,198.86	
$3,971.02	$4,069.20	

$2,100.00	
$1,692.33	
$2,981.52	$3,272.44	
$5,081.52	$4,964.77	

$1,400.00	
$1,128.22	
$2,981.52	$3,272.44	
$4,381.52	$4,400.66	

$1,800.00	
$1,395.58	
$2,845.77	$3,162.07	
$4,645.77	$4,557.65	

$1,800.00	
$1,395.58	
$2,891.02	$3,198.86	
$4,691.02	$4,594.44	

$2,100.00	
$1,628.18	
$2,936.27	$3,235.65	
$5,036.27	$4,863.83	

$2,100.00	
$1,628.18	
$2,981.52	$3,272.44	
$5,081.52	$4,900.62	

Proposed Increase / Decrease

$	%	

-$349.43	
-19.41%	
$320.77	11.37%	
-$28.66	-0.62%	

-$349.43	
-19.41%	
$307.84	10.65%	
-$41.59	-0.89%	

-$209.66	
-19.41%	
$307.84	10.65%	
$98.18	2.47%	

-$407.67	
-19.41%	
$290.92	9.76%	
-$116.75	-2.30%	

-$271.78	
-19.41%	
$290.92	9.76%	
$19.14	0.44%	

-$404.42	
-22.47%	
$316.30	11.11%	
-$88.12	-1.90%	

-$404.42	
-22.47%	
$307.84	10.65%	
-$96.58	-2.06%	

-$471.82	
-22.47%	
$299.38	10.20%	
-$172.44	-3.42%	

-$471.82	
-22.47%	
$290.92	9.76%	
-$180.90	-3.56%	

6

	SOUTHAVEN COMMUNITY DEVELOPMENT DISTRICT		
	FISCAL YEAR 2026/2027 O&M & DEBT SERVICE ASSESSMENT SCHEDULE		

2026/2027 O&M Budget:		
$1,070,613.00	
2025/2026 O&M Budget:	
$968,613.00	
St. John's County Collection Costs:	2%	$22,779.00	2026/2027 O&M Budget:	$1,070,613.00	
Early Payment Discounts:	4%	$45,558.00			
2026/2027 Total:		$1,138,950.00	Total Difference:	$102,000.00	

Lot Size	

Assessment Breakdown

Series 2026-1 Debt Service Operations/Maintenance

Total

Series 2026-1 Debt Service Operations/Maintenance

Total

Series 2026-1 Debt Service Operations/Maintenance

Total

Series 2026-1 Debt Service Operations/Maintenance

Total

Series 2026-1 Debt Service Operations/Maintenance

Total

Series 2026-2 Debt Service Operations/Maintenance

Total

Series 2026-2 Debt Service Operations/Maintenance

Total

Series 2026-2 Debt Service Operations/Maintenance

Total

Series 2026-2 Debt Service Operations/Maintenance

Total				

Single Family 58' (Phase 1)					

Single Family 73' (Phase 1)					

Single Family 73' Partial (Phase 1)					

Single Family 93' (Phase 1)					

Single Family 93' Partial (Phase 1)					

Single Family 63' (Phase 2)					

Single Family 73' (Phase 2)					

Single Family 83' (Phase 2)					

Single Family 93' (Phase 2)					

7

SOUTHAVEN COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M & DEBT SERVICE ASSESSMENT SCHEDULE	

TOTAL O&M BUDGET		$1,070,613.00	TOTAL EQUALIZED O&M BUDGET			$976,463.00	TOTAL STRATIFIED O&M BUDGET			$94,150.00 COLLECTION COSTS @	2%		$22,779.00	COLLECTION COSTS @	2%			$20,775.81	COLLECTION COSTS @	2%			$2,003.19 EARLY PAYMENT DISCOUNTS @	4%		$45,558.00	EARLY PAYMENT DISCOUNTS @	4%			$41,551.62	EARLY PAYMENT DISCOUNTS @	4%			$4,006.38 TOTAL O&M ASSESSMENT		$1,138,950.00	TOTAL EQUALIZED O&M ASSESSMENT		$1,038,790.43	TOTAL STRATIFIED O&M ASSESSMENT		$100,159.57	
	UNITS ASSESSED		ALLOCATION OF EQUALIZED COSTS		ALLOCATION OF STRATIFIED FIELD COSTS		PER LOT ANNUAL ASSESSMENT		
	
SERIES 2026-1	SERIES 2026-2
LOT SIZE	O&M	DEBT SERVICE (1)	DEBT SERVICE (1)		
TOTAL	% TOTAL		TOTAL	EQUALIZED FIELD EAU FACTOR	EAU's		EAU's	FIELD BUDGET		PER LOT		
TOTAL	% TOTAL		TOTAL	STRATIFIED FIELD EAU FACTOR	EAU's		EAU's	FIELD BUDGET		PER LOT		
SERIES 2026-1	SERIES 2026-2
O&M	DEBT SERVICE (2)  DEBT SERVICE (2)	TOTAL (3)		
	
Phase 1

Single Family 58'	28	27	0
Single Family 73'	83	57	0
Single Family 73' (Partial)	1	1	0
Single Family 93'	49	37	0
Single Family 93' (Partial)	3	2	0

Phase 2
Single Family 63'	80	0	72
Single Family 73'	39	0	31
Single Family 83'	34	0	31
Single Family 93'	38	0	35
TOTAL COMMUNITY	355	124	169		

1.00	28.00	7.89%	$81,932.77	$2,926.17
1.00	83.00	23.38%	$242,872.13	$2,926.17
1.00	1.00	0.28%	$2,926.17	$2,926.17
1.00	49.00	13.80%	$143,382.34	$2,926.17
1.00	3.00	0.85%	$8,778.51	$2,926.17

1.00	80.00	22.54%	$234,093.62	$2,926.17
1.00	39.00	10.99%	$114,120.64	$2,926.17
1.00	34.00	9.58%	$99,489.79	$2,926.17
1.00	38.00	10.70%	$111,194.47	$2,926.17

355.00	100.00%	$1,038,790.43		

1.00	28.00	6.05%	$6,059.78	$216.42
1.26	104.58	22.60%	$22,633.29	$272.69
1.26	1.26	0.27%	$272.69	$272.69
1.60	78.40	16.94%	$16,967.40	$346.27
1.60	4.80	1.04%	$1,038.82	$346.27

1.09	87.20	18.84%	$18,871.90	$235.90
1.26	49.14	10.62%	$10,634.92	$272.69
1.43	48.62	10.51%	$10,522.38	$309.48
1.60	60.80	13.14%	$13,158.39	$346.27

462.80	100.00%	$100,159.57		

$3,142.59	$1,450.57	$0.00	$4,593.16
$3,198.86	$1,450.57	$0.00	$4,649.43
$3,198.86	$870.34	$0.00	$4,069.20
$3,272.44	$1,692.33	$0.00	$4,964.77
$3,272.44	$1,128.22	$0.00	$4,400.66

$3,162.07	$0.00	$1,395.58	$4,557.65
$3,198.86	$0.00	$1,395.58	$4,594.44
$3,235.65	$0.00	$1,628.18	$4,863.83
$3,272.44	$0.00	$1,628.18	$4,900.62		

LESS: St. John's County Collection Costs (2%) and Early Payment Discount (4%):	($62,327.43)	($5,649.00)

Net Revenue to be Collected:	$976,463.00	$94,510.57	

(1) Reflects the number of total lots with Series 2026-1 and 2026-2 debt outstanding including 40 (forty) Series 2026-1 prepayments and 22 (twenty-two) Series 2026-2 prepayments.

(2) Annual debt service assessment per lot adopted in connection with the Series 2026-1 and Series 2026-2 bond issues. Annual assessment includes principal, interest, St. John's County collection costs and early payment discount costs.

(3) Annual assessment that will appear on November 2026 St. John's County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.	

GENERAL FUND BUDGET ACCOUNT CATEGORY DESCRIPTION
The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Interest Earnings: The District may earn interest on its monies in the various operating accounts.

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County. The second way is by Off Roll collection.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.
Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.
Event Rental: The District may receive monies for event rentals for such things as weddings, birthday parties, etc.
Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

Facilities Rentals: The District may receive monies for the rental of certain facilities by outside sources, for such items as office space, snack bar/restaurants etc.

EXPENDITURES – ADMINISTRATIVE:

Supervisor Fees: The District may compensate its supervisors within the appropriate statutory limits of $200.00 maximum per meeting within an annual cap of $4,800.00 per supervisor.

Administrative Services: The District will incur expenditures for the day to today operation of District matters. These services include support for the District Management function, recording and preparation of meeting minutes, records retention and maintenance in accordance with Chapter 119, Florida Statutes, and the District’s adopted Rules of Procedure, preparation and delivery of agenda, overnight deliveries, facsimiles and phone calls.

District Management: The District as required by statute, will contract with a firm to provide for management and administration of the District’s day to day needs. These services include the conducting of board meetings, workshops, overall administration of District functions, all required state and local filings, preparation of annual budget, purchasing, risk management, preparing various resolutions and all other secretarial duties requested by the District throughout the year is also reflected in this amount.

District Engineer: The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year.

Disclosure Report:  The District is required to file quarterly and/or annual disclosure reports, as required in the District’s Continuing Disclosure Agreement(s), with the specified repositories.  This is contracted out to a third party in compliance with the Trust Indenture.

Trustee’s Fees: The District will incur annual trustee’s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues.

Assessment Roll: The District will contract with a firm to maintain the assessment roll and annually levy a Non-Ad Valorem assessment for operating and debt service expenses.

Financial Consulting & Revenue Collections: Services include investment administration of the District's bank and trust accounts, if applicable, ongoing banking analyses, and related consulting services to support prudent cash management in compliance with applicable statutory requirements. However, the firm does not serve as a Municipal Advisor and does not provide investment advice. The firm also provides comprehensive billing, collection, and reporting of District assessments to fund debt service and operations, including direct billings, funding requests and owner inquiries. This line item also includes the fees incurred for a Collection Agent to collect the funds for the principal and interest payment for any bond-related collection needs.  These funds are collected as prescribed in the Trust Indentures. The Collection Agent also provides for the release of liens on property after the full collection of bond debt levied on particular properties.

Accounting Services:  Services include the preparation and delivery of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity.

Auditing Services: The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt.

Arbitrage Rebate Calculation: The District is required to calculate the interest earned from bond proceeds each year pursuant to the Internal Revenue Code of 1986. The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds.

Travel: Each Board Supervisor and the District Staff are entitled to reimbursement for travel expenses per Florida Statutes 190.006(8).

Public Officials Liability Insurance: The District will incur expenditures for public officials’ liability insurance for the Board and Staff.

Legal Advertising: The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines

Bank Fees: The District will incur bank service charges during the year.

Dues, Licenses & Fees: The District is required to pay an annual fee to the Department of Economic Opportunity, along with other items which may require licenses or permits, etc.

Miscellaneous Fees: The District could incur miscellaneous fees throughout the year, which may not fit into any standard categories.

Website Hosting, Maintenance and Email: The District may incur fees as they relate to the development and ongoing maintenance of its own website along with possible email services if requested.

District Counsel: The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts and all other legal services requested by the district throughout the year.

EXPENDITURES - FIELD OPERATIONS:

Deputy Services: The District may wish to contract with the local police agency to provide security for the District.

Security Services and Patrols:	The District may wish to contract with a private company to provide security for the District.

Electric Utility Services: The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc.

Streetlights: The District may have expenditures relating to streetlights throughout the community. These may be restricted to main arterial roads or in some cases to all streetlights within the District’s boundaries.

Utility - Recreation Facility: The District may budget separately for its recreation and or amenity electric separately.

Gas Utility Services: The District may incur gas utility expenditures related to district operations at its facilities such as pool heat etc.

Garbage - Recreation Facility:	The District will incur expenditures related to the removal of garbage and solid waste.

Solid Waste Assessment Fee: The District may have an assessment levied by another local government for solid waste, etc.

Water-Sewer Utility Services: The District will incur water/sewer utility expenditures related to district operations.

Utility - Reclaimed: The District may incur expenses related to the use of reclaimed water for irrigation.

Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.
Fountain Service Repairs & Maintenance:	The District may incur expenses related to maintaining the fountains within throughout the Parks & Recreational areas
Lake/Pond Bank Maintenance: The District may incur expenditures to maintain lake banks, etc. for the ponds and lakes within the District’s boundaries, along with planting of beneficial aquatic plants, stocking of fish, mowing and landscaping of the banks as the District determines necessary.

Wetland Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various wetlands and waterways by other governmental entities.

Mitigation Area Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various mitigation areas by other governmental entities.

Aquatic Plant Replacement: The expenses related to replacing beneficial aquatic plants, which may or may not have been required by other governmental entities.

General Liability Insurance: The District will incur fees to insure items owned by the District for its general liability needs

Property Insurance:	The District will incur fees to insure items owned by the District for its property needs

Entry and Walls Maintenance:	The District will incur expenditures to maintain the entry monuments and the fencing.

Landscape Maintenance:	The District will incur expenditures to maintain the rights-of-way, median strips, recreational facilities including pond banks, entryways, and similar planting areas within the District. These services include but are not limited to monthly landscape maintenance, fertilizer, pesticides, annuals, mulch, and irrigation repairs.

Irrigation Maintenance: The District will incur expenditures related to the maintenance of the irrigation systems.

Irrigation Repairs: The District will incur expenditures related to repairs of the irrigation systems.
Landscape Replacement: Expenditures related to replacement of turf, trees, shrubs etc.

Field Services: The District may contract for field management services to provide landscape maintenance oversight.

Miscellaneous Fees: The District may incur miscellaneous expenses that do not readily fit into defined categories in field operations.

Gate Phone: The District will incur telephone expenses if the District has gates that are to be opened and closed.

Street/Parking Lot Sweeping: The District may incur expenses related to street sweeping for roadways it owns or are owned by another governmental entity, for which it elects to maintain.
Gate Facility Maintenance: Expenses related to the ongoing repairs and maintenance of gates owned by the District if any.
Sidewalk Repair & Maintenance: Expenses related to sidewalks located in the right of way of streets the District may own if any.

Roadway Repair & Maintenance: Expenses related to the repair and maintenance of roadways owned by the District if any.

Employees - Salaries: The District may incur expenses for employees/staff members needed for the recreational facilities such as Clubhouse Staff.

Employees - P/R Taxes: This is the employer’s portion of employment taxes such as FICA etc.

Employee - Workers’ Comp: Fees related to obtaining workers compensation insurance.

Management Contract: The District may contract with a firm to provide for the oversight of its recreation facilities.

Maintenance & Repair: The District may incur expenses to maintain its recreation facilities.

Facility Supplies: The District may have facilities that required various supplies to operate.

Gate Maintenance & Repairs: Any ongoing gate repairs and maintenance would be included in this line item.

Telephone, Fax, Internet: The District may incur telephone, fax and internet expenses related to the recreational facilities.

Office Supplies: The District may have an office in its facilities which require various office related supplies.

Clubhouse - Facility Janitorial Service: Expenses related to the cleaning of the facility and related supplies.

Pool Service Contract: Expenses related to the maintenance of swimming pools and other water features.

Pool Repairs: Expenses related to the repair of swimming pools and other water features.
Security System Monitoring & Maintenance: The District may wish to install a security system for the clubhouse
Clubhouse Miscellaneous Expense: Expenses which may not fit into a defined category in this section of the budget
Athletic/Park Court/Field Repairs: Expense related to any facilities such as tennis, basketball etc.

Trail/Bike Path Maintenance: Expenses related to various types of trail or pathway systems the District may own, from hard surface to natural surfaces.

Special Events: Expenses related to functions such as holiday events for the public enjoyment

Miscellaneous Fees:	Monies collected and allocated for fees that the District could incur throughout the year, which may not fit into any standard categories.

Miscellaneous Contingency: Monies collected and allocated for expenses that the District could incur throughout the year, which may not fit into any standard categories.

Capital Outlay:	Monies collected and allocated for various projects as they relate to public improvements.

RESERVE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION
The Reserve Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Reserve Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County. The second way is by Off Roll collection.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

EXPENDITURES:

Capital Reserve: Monies collected and allocated for the future repair and replacement of various capital improvements such as club facilities, swimming pools, athletic courts, roads, etc.

Capital Outlay:	Monies collected and allocated for various projects as they relate to public improvements.

DEBT SERVICE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION
The Debt Service Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Debt Service Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Special Assessments: The District may levy special assessments to repay the debt incurred by the sale of bonds to raise working capital for certain public improvements. The assessments may be collected in the same fashion as described in the Operations and Maintenance Assessments.

EXPENDITURES – ADMINISTRATIVE:

Bank Fees: The District may incur bank service charges during the year.

Debt Service Obligation: This would be a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.