South Village Community Development District

Adopted Budget
FY2026

	Table of Contents	

1	
Budget Summary	

2-5	

General Fund	

6-11	

Recreation Center Fund	

12-16	

Golf Fund	

17	

Capital Reserve Fund	

18	

Debt Service Funds 2016A1/A2	

19-22	

Debt Service Amortization schedules  2016 A1/A2	

23	

Debt Service Funds 2016 A3	

24-25	

Debt Service Amortization schedule 2016 A3	

26	

Debt Service Funds 2019	

27	

Debt Service Amortization schedule 2019	

28	

Assessments	
	South Village CDD FY2026 Budget Summary	

Revenue	Expenses	Variance	
District Totals	8,167,959	7,895,262	272,697	

	Revenue	Expenses	Variance		
General Fund	Total	826,099	826,099	0	
Rec Fund	Assesments	1,227,655		1,227,655	
	Athletic Center	103,350	418,130	(314,780)	
	Pools	85,500	380,618	(295,118)	
	Café	92,600	140,932	(48,332)	
	Cabana Bar	140,500	99,811	40,689	
	Kids Club/Lake House	57,550	78,610	(21,060)	
	Admin	0	387,868	(387,868)	
	Maint	0	201,186	(201,186)	
	Total	1,707,155	1,707,155	0	
Golf Fund	Golf Ops	2,317,644	947,136	1,370,508	
	Golf F&B	1,903,640	1,887,834	15,806	
	Golf Maint	0	1,080,986	(1,080,986)	
	Club Maint	0	45,200	(45,200)	
	Golf G&A	609,000	780,852	(171,852)	
	Total	4,830,284	4,742,008	88,276	
Capital Reserve	Total	804,421	620,000	184,421	

	Revenue	Expenses	Variance		
Debt Service	2016 A1/A2	1,477,362	1,456,009	21,353	
	2016 A3	274,807	267,775	7,032	
	2019	223,713	218,735	4,978	

Summary of Assessments:					
FY2026	Net	Gross	Net Per Unit	Gross per Unit	
General Fund	$796,098.86	$846,913.68	$532.86	$566.88	
Capital Reserve	$764,421.24	$813,214.08	$511.66	$544.32	
Golf - Included in CR	$0.00	$0.00	$0.00	$0.00	
Rec Fund	$1,227,655.00	$1,306,015.96	$821.72	$874.17	
Total	$2,788,175.10	$2,966,143.72	$1,866.25	$1,985.37	
FY2025	Net	Gross	Net Per Unit	Gross per Unit	
General Fund	$796,098.86	$846,913.68	$532.86	$566.88	
Capital Reserve	$680,158.44	$723,572.81	$455.26	$484.32	
Golf - Included in CR	$0.00	$0.00	$0.00	$0.00	
Rec Fund	$1,143,399.00	$1,216,381.91	$765.33	$814.18	
Total	$2,619,656.30	$2,786,868.40	$1,753.45	$1,865.37	
Increase/(Decrease)					
General Fund	$0.00	$0.00	$0.00	$0.00	
Capital Reserve	$84,262.80	$89,641.27	$56.40	$60.00	
Golf - Included in CR	$0.00	$0.00	$0.00	$0.00	
Rec Fund	$84,256.00	$89,634.04	$56.40	$60.00	
Total	$168,518.80	$179,275.31	$112.80	$120.00	
Adopted Budget General Fund

REVENUES:

Special Assessments - On Roll
$796,099
$797,027
$-	$797,027
$796,099
Interest Income	15,000	34,645	5,500	40,145	30,000
Other Income	-	1,613	-	1,613	-

EXPENDITURES:

Administrative
Supervisor Fees

$13,000

$8,400

$1,600

$10,000

$13,000
FICA Taxes	995	643	122	765	995
Engineering	10,000	8,471	2,824	11,295	10,000
Arbitrage Rebate	1,800	-	1,800	1,800	1,800
Dissemination Agent	9,551	7,163	2,388	9,551	10,029
Assessment Administration	5,955	5,955	-	5,955	6,253
Attorney	35,000	21,843	7,281	29,124	35,000
Annual Audit	8,500	-	8,000	8,000	8,500
Trustee Fees	14,650	4,041	9,783	13,824	14,840
Management Fees	58,427	43,820	14,607	58,427	61,348
Information Technology	2,022	1,517	506	2,023	2,123
Website Maintenance	1,272	954	318	1,272	1,336
Telephone	1,500	721	240	961	1,500
Postage & Delivery	1,000	2,649	883	3,532	1,000
Insurance General Liability	21,257	20,676	-	20,676	23,761
Printing & Binding	2,000	1,073	358	1,431	2,000
Legal Advertising	4,000	711	995	1,706	4,000
Other Current Charges	2,500	1,348	449	1,797	2,500
Office Supplies	100	10	25	35	100
Dues, Licenses & Subscriptions	175	175	-	175	175
Contingency	500	-	500	500	500
Operations & Maintenance
Security
$52,000
$72,544
$24,181
$96,725
$83,663
Utilities	118,233	50,134	25,067	75,201	118,223
Interlocal Agreement - MVCDD	36,000	39,299	-	39,299	-
Landscape - Contract	295,162	156,642	58,741	215,383	295,162
Landscape - Contingency	45,000	8,154	25,000	33,154	45,000
Landscape - Irrigation Repairs	10,500	4,953	7,500	12,453	15,000
Repairs & Maintenance	25,000	117	15,000	15,117	33,293
Lake - Contract	35,000	22,896	8,586	31,482	35,000

Special Assessments - On Roll
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.
Interest Income
Interest income on funds in operating account and excess funds in the State Board of Administration.

Supervisors Fees
The District anticipates 12 meetings per year with all five board members in attendance and each receiving $200.00 per meeting plus payroll taxes.
FICA Taxes
Represents the taxes on board payroll.
Engineering
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, and various projects assigned as directed by the board of supervisors.
District Attorney
The District's legal counsel, Kutak Rock LLP., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with Berger, Toombs, Elam, Gaines & Frank, CPA for the audit engagement.
Assessment Roll
Assessment Roll administrative services are provided by GMS, LLC for updating the districts’ tax roll, certifying the annual assessments and collection of prepaid assessments.
Arbitrage Rebate
The District is required to have an Arbitrage Rebate Calculation on the District’s Series 2014 A1/A2 and A3 Special Assessment Revenue Refunding Bonds.
Dissemination Agent
The District has contracted with GMS, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Trustee Fees
The District’s Series 2016A1/A2, A3 and 2019 Special Assessment Revenue Refunding Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of the District’s bond issue.
District Management/Administration Fees
The District receives Management, Accounting and Administrative services from their CDD employed District Manager and as part of an Administrative Agreement with Governmental Management Services, LLC.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Website Administration
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Telephone
This item includes telephone and fax service.
Postage and Delivery
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Insurance General Liability
The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. They specialize in providing insurance coverage to governmental agencies. This expense is shared with the Water/Sewer Fund and the Golf Course Fund.
Printing and Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc. with Clay Today.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to Florida Commerce for $175.

Security
The District has contracted with Viewpoint Security for patrols of the CDD property. Amount includes contingency for extra holiday patrols.

Schedule	Time Period	Annual Hours	Rate	Total	
Regular	Bi-weekly (85 hours)	2210	$	31.25	$	69,062.50	
Holidays	Thanksgiving (Wed-Fri)	24	$	31.25	$	750.00	
	Christmas Week	104	$	31.25	$	3,250.00	
	Spring Break	40	$	31.25	$	1,250.00	
Summer	Summer Break - every Thursday	56	$	31.25	$	1,750.00	
		Contingency (10%)		$	7,600.00	
				$	83,662.50	
Utilities
The District currently has the following accounts with Clay Electric Cooperative for electric service:

Account #	Service Address	Avg/Month	Annual	
5875489	3935-1 Eagle Landing/Water Fall	Main Entrance Waterfall /landscape Lights	$1,518.85	$18,226.20	
5929377	3935-2 Eagle Landing/St lights	Main Entrance Str/ Landscape Lights	$169.44	$2,033.28	
6474431	4045-2 Eagle Crossing Dr	Restroom Bldg at the Sand Park EL/EC	$83.83	$1,005.96	
8966959	1433-1 Eagle Crossing Dr - Restroom	Restroom Bldg on Eagle Crossing Hole #2	$52.66	$631.92	
9121614	938 TB Restroom	Restroom Bldg at the Lake Park	$46.22	$554.64	
9082354	875 TB Irrigation	Lake Park Fountain/Tunes Irr clock	$582.58	$6,990.96	
9117336	992 TB Camera Station	Camera Stn - Two Creeks	$41.95	$503.40	
9117339	749 TB Camera Station	Camera Stn - Grey Hawk	$347.82	$4,173.84	
9117340	3853 Pines Dr Camera Station	Camera Stn - Laurel Valley @ Royal Pines	$35.81	$429.72	
	Contingency	$379.00	$4,548.00	
		$3,258.16	$39,097.92	

In addition, the District has the following accounts with Clay County Utility Authority for water, sewer and reuse service:

Account #	Service Address	R = Reclaimed, P = Potable	Avg/Month	Annual	
213095	3924-1 Eagle Landing Pkwy	R - Main Front Entrance/EL Pkwy	$590.60	$7,087.20	
213119	3988-1 Eagle Landing Parkway	R - EL Pkwy, Closest to Golf Club	$175.07	$2,100.84	
215602	3968-1 Eagle Landing Parkway	R - EL Pkwy, Near Hole #11 Green	$222.72	$2,672.64	
220803	3973 Eagle Landing Parkway	R - Near Sales Center	$112.72	$1,352.64	
222067	3989 Eagle Landing Parkway	P - Golf Club	$962.79	$11,553.48	
229064	3979-2 Eagle Landing Parkway	P - Irrigation and Tennis Court Irrigation	$2,195.29	$26,343.48	
230632	3965-1 Eagle Landing Parkway	P - Pool Tank	$167.86	$2,014.32	
230638	3965-2 Eagle Landing Parkway	P - Pool Deck Irrigation	$107.19	$1,286.28	
230640	3965-3 Eagle Landing Parkway	P - Pool Tank	$160.42	$1,925.04	
230641	3975 Eagle Landing Parkway	P - Resident's Club Building	$255.62	$3,067.44	
230642	3979 Eagle Landing Parkway	P - Athletic Center Building	$206.63	$2,479.56	
235500	4108-1 Eagle Landing Parkway Irr	R - Oakmont Pond Common Area	$27.96	$335.52	
233750	1433-1 Eagle Landing Parkway	R - Eagle Crossing RR Common Area	$106.70	$1,280.40	
502768	2180 Club Lake Drive Reclaimed Irr	R - Park w/ Jennings State Forest Entr	$27.48	$329.76	
556739	1294 Autumn Pines Drive	R - Park with Shade Cover on AP	$50.61	$607.32	
589114	932 Tynes Blvd	P - Lake Park Restroom Building	$110.55	$1,326.60	
589118	932 Tynes Blvd - Recl Irr	R - Lake Park and Tynes Blvd	$503.83	$6,045.96	
589635	988 Tynes Blvd - Recl Irr	R - Pocket Park closest to Two Creeks	$85.46	$1,025.52	
589637	953 Tynes Blvd - Recl Irr	R - Pocket Park across from Lake Park	$27.63	$331.56	
589665	1003 Oakland Hills - Recl Irr	R - Pocket Park on Oakland Hills/Spyglass	$46.61	$559.32	
	Contingency		$450.00	$5,400.00	
			$6,593.74	$79,124.88	

Landscape
This represents landscape maintenance of all District property, to include mowing, weeding, trimming, pruning, fertilizing etc. The District is contracted with Ruppert Companies, LLC. Amount budgeted includes a contingency.
Landscape - Irrigation Repairs
This represents repairs to the District’s irrigation systems which are not already included in contract with Ruppert Companies, LLC.
Lake Maintenance
The District has contracted with The Lake Doctors for the maintenance of the CDD lakes.

REVENUES:

Athletic Center
Guest Fees

$14,000

$7,218

$3,782

$11,000

$14,100
Pro shop	12,000	7,840	1,160	9,000	13,000
Fitness	8,000	15,605	8,895	24,500	8,000
Lessons & Clinics	78,000	30,102	29,398	59,500	78,000
Merch COGS	(7,500)	(3,211)	(2,889)	(6,100)	(9,750)

Pools
Guest Fees

$24,000

$49,561

$9,639

$59,200

$32,000
Swim Lessons	8,000	3,000	4,000	7,000	8,000
Rentals	4,000	-	4,000	4,000	-
Clubroom Rentals	26,000	13,426	7,574	21,000	30,000
Swim Team	15,000	-	15,000	15,000	15,500

Café:

Food

$98,000

$46,482

$15,518

$62,000

$100,000
Café Beer	4,000	8,988	2,012	11,000	-
Staff Discount	(7,000)	(6,263)	(737)	(7,000)	(7,400)

Cabana Bar:
Cabana Bar Wine	3,000	586	1,414	2,000	3,000
Cabana Bar Liquor	95,000	31,780	30,220	62,000	102,500
Cabana Bar Beer	31,000	8,988	10,012	19,000	35,000

Kids Club/Lake House:
Facility Rentals

$1,000

$-	$1,000

$1,000

$1,000
Programs	17,000	-	12,000	12,000	21,750
Summer Camp	22,000	-	20,000	20,000	30,000
Social Programs	3,000	11	3,989	4,000	4,800

Non Operating Income:
Rec Fund Assessments

$1,143,399

$1,143,782

$(383)

$1,143,399

$1,227,655

	Adopted Budget	
Actuals Thru	
Projected Next Projected Thru	Adopted Budget		
Description	FY2025	6/30/25		3 Months		9/30/25	FY 2026	

OPERATING EXPENSES						
Athletic Center						
Gross Payroll/DOL $25k	$285,000	$176,528	$98,472	$275,000	$279,279	
Payroll Cost	54,000	37,744	14,256	52,000	53,142	
Tourn Credit	600	(6,110)	6,710	600	600	
Cable/TV/Music	6,000	3,669	1,331	5,000	6,000	
Electric/Utilities	38,000	19,042	14,958	34,000	40,150	
EQ Repairs and Maintenance	3,000	3,736	764	4,500	4,400	
Court Maintenance	15,000	14,206	2,294	16,500	14,000	
Waste Removal	-	-	8,000	8,000	6,000	
Office Supplies/Paper/Stationary	2,000	580	620	1,200	1,959	
Paper & Cleaning	7,000	2,488	2,012	4,500	7,000	
Building Supplies	6,000	8,579	1,921	10,500	5,000	
Rec Supplies	600	-	-	-	600	
Merch - COGS	-	4,900	1,300	6,200	-	
Sub Total Athletic Center	$417,200	$265,362	$152,638	$418,000	$418,130	

Pool/Swim:		-	-	-		
Gross Payroll	$190,000	$125,692	$63,308	$189,000	$208,042	
Payroll Cost	32,000	33,277	4,523	37,800	34,166	
Bank & CC Fees	3,600	-	-	-	3,960	
Water & Sewer/Utilities	56,000	28,850	15,150	44,000	53,000	
Gas	8,000	7,741	1,259	9,000	6,150	
Repairs & Maint. Pool	12,000	3,025	6,475	9,500	12,000	
Chemicals Pool	45,000	34,389	10,611	45,000	46,800	
Miscellaneous Expenses	-	-	-	-	-	
Contract Service	-	587	413	1,000	4,500	
Cleaning Supplies	2,000	915	285	1,200	2,500	
Swim Team Cost	4,000	2,078	1,922	4,000	4,000	
Office Supplies	1,500	380	370	750	1,500	
Recreational Supplies	1,000	1,014	186	1,200	3,000	
Permits	1,000	-	1,000	1,000	1,000	
Sub Total Pool/Swim:	$356,100	$237,948	$105,502	$343,450	$380,618	
		-	-	-		
Café:						
Gross Payroll	$52,000	$30,267	$21,733	$52,000	$62,226	
Payroll Cost	8,400	7,362	1,638	9,000	5,100	
Alcohol Surcharge	500	-	-	-	200	
Pest Control	1,000	443	557	1,000	3,500	
Cable/TV	-	619	1,381	2,000	2,000	
Gas	4,000	464	536	1,000	4,532	
Repairs & Maintenance	2,000	3,041	959	4,000	2,000	
Bank CC Fees	2,000	17	-	17	2,074	
Paper Goods Supplies	5,000	1,827	2,173	4,000	3,000	
Rec Supplies/Cleaning Supplies/Waste	8,000	1,852	4,648	6,500	5,000	
Food/Bev/Liquor COGS	45,000	25,529	14,221	39,750	50,500	
Store Merchandise COGS	5,000	-	500	500	-	
Staff Uniforms	750	(253)	1,253	1,000	300	
Permits	500	150	-	150	500	
Sub Total Café:	$134,150	$71,318	$49,599	$120,917	$140,932	

	Adopted Budget	
Actuals Thru	
Projected Next Projected Thru	Adopted Budget		
Description	FY2025	6/30/25		3 Months		9/30/25	FY 2026	

Cabana Bar:						
Gross Payroll	$35,000	$20,177	$9,223	$29,400	$26,650	
Payroll Cost	5,000	3,154	$1,846	5,000	9,311	
Alcohol Surcharge	500	-	$-	-	600	
Pest Control	1,000	443	$557	1,000	2,500	
Gas	500	464	$36	500	-	
Paper Goods Supplies	4,000	1,828	$672	2,500	3,750	
Rec Supplies/Cleaning Supplies/Waste	3,000	1,852	$1,148	3,000	3,500	
Food/Bev/Liquor COGS	53,900	30,579	$11,421	42,000	52,800	
Staff Uniforms	250	-	$700	700	700	
Permits	500	138	$-	138	-	
Sub Total Cabana Bar:	$103,650	$58,635	$25,603	$84,238	$99,811	

Administrative						
Gross Payroll	$135,000	$64,523	$60,477	$125,000	$107,668	
Payroll Cost	35,000	16,915	16,585	33,500	30,900	
Bank CC Fees	12,000	12,302	1,898	14,200	12,000	
Insurance	42,000	41,078	922	42,000	42,000	
Resident Relations	45,000	55,849	1,151	57,000	60,000	
Permits/Fees	1,000	(216)	1,216	1,000	1,000	
Décor	2,000	938	1,062	2,000	2,000	
Print/Paper/Stationary	4,000	2,513	1,487	4,000	4,000	
Computer/Jonas	12,000	9,028	2,972	12,000	12,000	
Operational Supplies All Areas	34,000	25,058	10,942	36,000	25,200	
Telephone/internet	5,000	8,893	1,107	10,000	6,000	
TV/Music	7,000	4,520	1,680	6,200	5,100	
All Marketing/Managers Meal Program	18,000	8,891	3,109	12,000	24,000	
Management Fees	56,000	41,400	14,600	56,000	56,000	
Contingency	-	-	-	-	-	
Sub Total Administrative	$408,000	$291,692	$119,208	$410,900	$387,868	

Building Maintenance						
Gross Payroll	$90,000	$75,234	$19,766	$95,000	$143,214	
Payroll Cost	19,000	15,973	2,777	18,750	27,482	
Contract Service	3,000	4,843	807	5,650	3,600	
Maint Building Kids/Lake	1,000	500	1,000	1,500	1,750	
Repairs & Maintenance Athletic Center	3,000	1,264	1,936	3,200	17,990	
Landscape	-	-	-	-	-	
Building Repair Swim/Café/Cabana Bar	3,000	5,949	1,051	7,000	3,550	
Equipment Repairs - Fitness	-	-	-	-	3,600	
Sub Total Building Maintenance	$119,000	$103,763	$27,337	$131,100	$201,186	

Lake House/Kids Club:						
Gross Payroll	$25,000	$34,633	$7,367	$42,000	$39,364	
Payroll Cost	6,000	5,796	1,104	6,900	9,447	
Bank CC Fees	99	-	99	99	99	
Equipment Rental	700	175	525	700	700	
Holiday Events	10,000	1,637	3,163	4,800	13,500	
Summer Camp Expenses/Supplies	5,000	1,197	3,003	4,200	8,500	
Social Events/Expenses	7,000	107	1,243	1,350	7,000	
Sub Total Lake House/Kids Club:	$53,799	$43,545	$16,504	$60,049	$78,610	
						
TOTAL OPERATING EXPENSES	$1,591,899	$1,013,628	$470,788	$1,484,416	$1,707,155	
						
EXCESS REVENUES (EXPENDITURES)	$-	$302,913	$(336,830)	$49,083	$-	

Athletic Center
Guest Fees

Fees collected for non-resident usage of Athletic Center facilities, fitness & Athletic Center programs while accompanied with a resident.
Pro shop	The sale of drinks, Athletic Center balls, apparel and equipment.
Fitness

Lessons & Clinics
Rental funds collected from vendors: Ship Shape Strong, LLC for TRX classes, Spincitas for Spin classes, Dance Fitness and TyFit for Boot Camp.
Funds collected from patrons of private tennis/pickleball lessons & group clinics given by Troon staff.
Merch COGS	Cost of goods sold for drinks, Athletic Center balls, apparel and equipment.

POOLS

Guest Fees
Swim Lessons Rentals
Clubroom Rentals Swim Team

Funds collected for non-resident usage of the Swim Park while accompanied with a resident. Funds collected for private, semi-private and group swim lessons given by Troon staff.
Funds collected from resident rentals of the Café Patio and Village Green for parties and events. Funds collected from resident rentals of the Clubroom for parties and events.
Registration fees for our summer swim team Eagle Rays.
CAFÉ

Food	Sales of food, drinks and ice cream.
Merchandise	Candy sales from the Village Store.
Cafe Beer	Beer sold from the Café.
Staff Discount	Discounts provided to Troon Staff while on duty.

CABANA BAR
Cabana Bar Wine	Wine sales from the Cabana Bar.
Cabana Bar Liquor	Liquor based drinks sold from the Cabana Bar.
Cabana Bar Beer	Beer sold from the Cabana Bar.

KIDS CLUB/LAKE HOUSE
Facility Rentals	Funds collected from resident rentals of the Kids Club for parties and events.
Programs	Fees collected from kid events such as Kids Only Parties.
Summer Camp	Funds collected for camp participants while school is not in session.
Social Programs Holiday Events

MAINTENANCE ASSESSMENTS
Funds collected from certain Family Events.
Easter basket delivery, candy grams and other Holiday events with a fee.

The District will assess the platted lots within the District to fund a portion of the District's Operating Budget for the fiscal year.

Athletic Center

Gross Payroll

Salaries for Athletic Center Director, Assistant Athletic Center Pro, Pickleball Director, Front Desk, Floating Position and Social Membership Coordinator.
Payroll Cost	Payroll processing fees including Benefits and 401k.
Bank CC Fees	Fees due to credit card company for processing of charges.
Cable/TV/Music	Monthly charges for Comcast MDTA, YouTube TV and Pandora.
Electric/Utilities	Electricity for the Athletic Center, Clay Electric. EQ Repairs and Maintenance	Repair costs for fitness equipment.
Court Maint.	Costs for clay, windscreens, nets/posts, various equipment/tools and light bulbs on the court.

Waste Removal	Dumpster service through GFL.
Office Supplies/Paper/Stationary	Pens, paper, printing supplies, folders and small equipment.
Paper & Cleaning	Cleaning solutions, paper towels, toilet paper and equipment wipes.
Building Supplies	Various needs to operated the Athletic Center.
Rec Supplies	Replacements basketball nets, balls, racquets.

POOL/SWIM
Gross Payroll

Salaries for Aquatics Coordinator, Front Desk, Lifeguards, Swim Coaches and Instructors.
Payroll Cost	Payroll processing fees including Benefits and 401k.
Bank & CC Fees	Fees due to credit card company for processing of charges.
Water & Sewer/Utilities
CCUA water charges for the pools and Clay Electric service for the pools and Resident's Club.
Gas	Sharp Energy Gas charges to heat the Adult Pool.
Repairs & Maint. Pool	Repairs made to pool equipment, the pools, waterslide/diving boards. Chemicals Pool	Agreement with Poolsure to provide chemicals and feed equipment. Miscellaneous Expenses	Any odd expense that doesn’t fit appropriately elsewhere.
Contract Service	Charges for when vendors are needed.
Cleaning Supplies	Paper towels, toilet paper, hand soap, cleaning solutions and equipment.
Swim Team Cost
T-shirts, caps, trophies, banquet food and software/equipment, league fees to First Coast Summer Swim League for Eagle Rays summer swim team.
Office Supplies	Pens, receipt paper, ink, tape, envelopes, etc.
Recreational Supplies	Pool floats, balls, toys, ping pong and billiard equipment.
Uniforms	Uniforms and equipment needed for Lifeguards and staff.
Permits	Pool Operating permit fees for four pools through State of FL DOH.

CAFÉ

Gross Payroll	Wages for Café/Store counter staff, cooks and Cabana Bar bartender & bar back.
Payroll Cost	Payroll processing fees including Benefits and 401k. Alcohol Surcharge
Pest Control	Monthly pest control services for Café provided by Ecolab.
Cable/TV	Comcast cable service to Café and Patio
Gas	Gas for kitchen provided by Sharp Energy. Propane tanks refilled for Cabana patio heaters.
Repairs & Maint.	Any repairs to café area and equipment.
Bank CC Fees	Fees due to credit card company for processing of charges.
Paper Goods Supplies	Cups, paper towels, food trays and utensils.
Rec Supplies/Cleaning Supplies	Sanitizers, soaps, small wares. GFL provides dumpster services. Food/Bev/Liquor COGS	Cost of food, NABV, and alcohol.
Store Merchandise COGS	Cost of Candy for Village Store.
Staff Uniforms	Uniforms for Café Staff
Permits	Seating License and Liquor License for Café

CABANA BAR
Gross Payroll	Wages for Cabana Bar bartender & bar back
Payroll Cost	Payroll processing fees including Benefits and 401k.
Alcohol Surcharge	Delivery and miscellaneous costs
Pest Control	Monthly pest control services for Cabana provided by Ecolab.
Gas	Propane tanks refilled for Cabana patio heaters.
Paper Goods Supplies	Cups, paper towels, food trays and utensils. Rec Supplies/Cleaning Supplies	Sanitizers, soaps, small wares.
Food/Bev/Liquor COGS	Cost of food, NABV, and alcohol.
Staff Uniforms	Uniforms for Cabana Bar staff
Permits	Seating License and Liquor License for Cabana Bar.

ADMINISTRATIVE
Gross Payroll	Salaries for Administrative Staff.
Payroll Cost	Payroll processing fees including Benefits and 401k.
Bank CC Fees	Fees due to credit card company for processing of charges.
Insurance	Amenity property insurance.
Resident Relations	Cost for resident mixers and other community events.
Permits/Fees	Music licensing permits
Décor	Seasonal Holiday Decorations.
Print/Paper/Stationary	Printing costs and office supplies.
Computer/Jonas	Fees for IT Support and Jonas POS software.
Operational Supplies All Areas/Waste	Supplies and Waste Removal to support all REC operations. Telephone/internet	RingCentral phone system and Comcast Internet.
TV/Music	Comcast TV services and Pandor Music costs.
All Marketing/Manager Meals	Members First Website and various software subscriptions to create materials for marketing. Management Fees	Management Fees to Troon.

BUILDING MAINTENANCE
Gross Payroll	Gross Payroll
Payroll Cost	Payroll Cost
Contract Service	Contract Service
Maint Building Kids/Lake	Maint Building Kids/Lake Repairs & Maintenance Tennis	Repairs & Maintenance Tennis Landscape	Landscape
Building Repair Swim/Café/Cabana Bar	Building Repair Swim/Café/Cabana Bar Staff Uniforms	Staff Uniforms

LAKE HOUSE/KIDS CLUB
Gross Payroll	Salaries for Camp Counselors and Event Staff.
Payroll Cost	Payroll processing fees including Benefits and 401k.
Bank CC Fees	Fees due to credit card company for processing of charges.
Equipment Rental	Helium tank rental to fill balloons for events.
Holiday Events	Costs for major Holiday events including Christmas Carnival and Easter Extravaganza. Summer Camp Expenses/Supplies	Costs for Summer Camp supplies including crafts, games and snacks.
Social Events/Expenses	Costs for all other events and parties throughout the year.

	Adopted Budget	
Actuals Thru	Projected Next Projected Thru	Adopted Budget			
Description	FY2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:						
Golf Operations						
Guest Fees & Tournament Fees	$1,640,200	$1,091,177	$488,823	$1,580,000	$1,752,414	
Member Trail Fees	120,000	188,433	31,567	220,000	150,000	
Pro shop Merch	222,270	151,469	60,531	212,000	224,130	
Practice Range	66,000	44,038	23,962	68,000	72,000	
Misc Revenues	13,800	8,041	4,209	12,250	14,100	
Sub Total Golf Operations	$2,062,270	$1,483,158	$609,092	$2,092,250	$2,212,644	

Golf F&B						
F&B/Banquet Revenues	$1,194,260	$828,173	$271,827	$1,100,000	$1,273,300	
Beer	292,994	174,134	165,866	340,000	314,882	
Wine	55,374	24,298	18,202	42,500	59,022	
Alcohol	216,454	251,407	40,093	291,500	232,262	
Misc/rentals	22,958	2,953	4,797	7,750	24,174	
Sub Total Golf F&B	$1,782,040	$1,280,965	$500,785	$1,781,750	$1,903,640	

Golf G&A						
All Member Dues	$529,500	$443,184	$131,616	$574,800	$597,000	
Initiation Fees	12,000	10,000	$6,000	16,000	12,000	
Sub Total Golf G&A	$541,500	$453,184	$137,616	$590,800	$609,000	
						
TOTAL REVENUES	$4,385,810	$3,217,307	$1,247,493	$4,464,800	$4,725,284	

OPERATING EXPENSES						
Golf Operations						
Gross Payroll	$381,000	$300,449	$87,051	$387,500	$440,402	
Payroll Cost	60,150	50,119	14,881	65,000	69,060	
COGS Merchandise	169,690	129,768	38,732	168,500	166,290	
Bank & CC Fees	46,401	40,440	7,560	48,000	49,784	
Cart Lease & Repairs & Supplies	142,700	117,612	22,388	140,000	146,400	
Staff Dues & Handicap Fees	5,400	7,666	1,434	9,100	10,200	
Paper Goods	11,750	9,764	2,486	12,250	12,000	
Reservation/Tee Sheet Systems	10,500	6,638	3,362	10,000	10,500	
Range Balls & Supplies	17,600	25,526	1,474	27,000	22,000	
Scorecards & Pro Shop Supplies	12,300	100	1,900	2,000	17,500	
Staff Uniforms	3,000	1,991	909	2,900	3,000	
Sub Total Golf Operations	$860,491	$690,073	$182,177	$872,250	$947,136	

	Adopted Budget	
Actuals Thru	Projected Next Projected Thru	Adopted Budget			
Description	FY2025	6/30/25		3 Months		9/30/25	FY 2026	
		
-	
-	
-		
Golf F&B						
Gross Payroll	$757,000	$557,499	$217,501	$775,000	$871,613	
Payroll Cost	231,000	176,744	44,256	221,000	180,353	
COGS F&B	641,749	489,167	155,833	645,000	666,551	
Alcohol Surcharge	4,160	-	4,000	4,000	4,176	
CC Fees	43,766	38,585	8,915	47,500	47,591	
China/Glass/Silver	4,000	4,232	3,518	7,750	6,000	
Cleaning/Operating Supplies	14,689	9,286	7,214	16,500	19,250	
Contract Service	2,800	1,460	1,540	3,000	9,000	
Gas & Propane	30,000	21,988	11,512	33,500	33,000	
Kitchen/Bar Supplies	6,600	4,722	478	5,200	8,400	
Linen Service	18,000	13,447	5,803	19,250	18,600	
Paper Goods	19,200	12,438	8,562	21,000	14,800	
Staff Uniforms	4,000	1,555	2,445	4,000	4,000	
Equipment Repairs/Rentals	4,000	3,555	1,145	4,700	4,500	
Resident/Member Relations/Marketing	-	27	-	27	-	
Utilities	-	495	-	495	-	
Sub Total Golf F&B	$1,780,964	$1,335,200	$472,722	$1,807,922	$1,887,834	
		-	-	-		
Golf Course Maintenance						
Gross Payroll	$462,000	$305,496	$115,504	$421,000	$510,466	
Payroll Cost	87,300	68,393	13,107	81,500	101,770	
Fert/Chem/Herb	134,500	125,484	26,016	151,500	151,500	
Gas/Oil/Grease	42,000	24,149	15,601	39,750	43,600	
Sand/Grave/\l/Top Dressing	8,000	12,456	1,794	14,250	10,000	
Sod/Plants/Landscaping	6,000	4,535	1,215	5,750	3,500	
Dues contractors	500	1,444	56	1,500	500	
Straw/Mulch/Coquina/Color	4,000	2,682	3,568	6,250	4,000	
Assessories/Small Tools/supplies	4,500	14,869	1,631	16,500	3,500	
Staff Uniforms/Dues	2,500	-	2,000	2,000	3,000	
Waste Removal	6,000	-	3,000	3,000	9,000	
Equipment Leases/Rentals/Repairs	148,100	49,970	87,530	137,500	180,000	
Irrigation Repairs	10,850	21,860	8,140	30,000	12,850	
Irrigation/Utilities/Telephone/Building Utilities	23,900	32,615	8,885	41,500	23,900	
Water/Sewer	23,400	11,668	9,582	21,250	23,400	
Sub Total Golf Course Maintenance	$963,550	$675,621	$297,629	$973,250	$1,080,986	

Golf Clubhouse Maintenance						
Gross Payroll	$42,000	$12,652	$23,348	$36,000	$33,000	
Payroll Cost	6,300	6,645	1,305	7,950	4,950	
Contract Services	-	360	-	360	-	
Holiday/Plants	1,250	51	949	1,000	1,250	
Building Repairs Vendors	-	3,520	1,480	5,000	-	
Misc Cleaning Supplies uniforms	1,200	194	806	1,000	3,600	
Paper Supplies/Misc Supplies	1,200	1,925	325	2,250	2,400	
Building Repairs In-House	-	178	-	178	-	
Sub Total Golf Clubhouse Maintenance	$51,950	$25,525	$28,213	$53,738	$45,200	

Golf G&A
Gross Payroll

$136,087

$120,799

$29,201

$150,000

$155,828
Payroll Cost	31,213	27,823	6,677	34,500	29,374
Contract Service Cleaning	18,000	34,523	4,977	39,500	26,400
Misc/Dues/Subscriptions	4,750	92	1,408	1,500	2,050
Bank Fees/CC Fees	900	14,205	795	15,000	900
Equipment Rental	11,000	2,614	1,886	4,500	4,800
Flowers/Décor	3,000	64	936	1,000	3,000
Property Insurance	102,000	82,606	22,394	105,000	108,000
Legal Fees	3,000	-	-	-	3,000
Management Fees	126,000	105,419	20,581	126,000	132,000
Member Relations	10,000	26,703	1,297	28,000	10,000
Paper Supplies/Stationary/Office Supplies	24,000	16,113	3,887	20,000	27,300
Permits/Property Tax	43,300	17,340	24,660	42,000	43,300
Resident Appreciation	24,000	-	-	-	33,000
Software/Computer/Jonas	13,800	14,340	2,110	16,450	15,600
Office Supplies	12,000	942	3,558	4,500	12,000
Travel/Mileage/Staff Meals/Seminars	40,334	41,983	17,517	59,500	44,100
Telephone/Music/Dish	34,800	2,105	7,395	9,500	34,800
Utilities/Waste Removal/Pest Control	72,300	40,195	24,805	65,000	65,400
Staff Training/Uniforms	600	290	310	600	-
All Marketing Costs/Member Relations	17,700	10,493	6,407	16,900	30,000

Non-Operating Revenues/(Expenses)

Interfund Transfer
$-	$-
$-	$-
$105,000

GOLF OPERATION
Guest Fees & Tournament Fees	Greens Fees, Tournament Fees, Public Cart Rentals, and Events. Member Trail Fees	All Member Trail Fees, Annual and Monthly.
Pro Shop Merchandise	All Golf Shop Merchandise Sales.
Practice Range	All Public Driving Range Sales.
Misc. Revenues	All Miscellaneous Income, Club Rentals, Lessons.

GOLF F&B
F&B/Banquet Revenues	Food and Beverage Golf & Social Event Sales.
Beer	All Beer Sales.
Wine	All Wine Sales.
Alcohol	All Liquor Sales.
Misc./rentals	Room Fees, Misc. Revenues.

GOLF COURSE & CLUBHOUSE MAINTENANCE
Misc. Revenues/Equipment Trade-In	Revenue generated by any equipment sold.

GOLF G&A
All Member Dues	Golf Members and Player's Club Annual Dues.
Initiation Fees	Golf Member Initiation Fees.

GOLF OPERATIONS
Gross Payroll	Salaries related to all management staff, salary, hourly, gratuities, incentives.
Payroll Cost	Monthly fees related to the processing of all payroll, benefits, 401K.
COGS Merchandise	Cost of golf shop merchandise sold.
Bank & CC Fees	Fees due to credit card company for processing of charges.
Cart Lease & Repairs & Supplies	Lease of golf carts from EZGO, cart repairs.
Staff Dues & Handicap Fees	PGA, agronomy, professional dues and member handicap fees.
Paper Goods	Operational paper supplies such as paper towels, plates, napkins, toilet paper, etc. Reservation/Tee Sheet Systems	License cost for point of sale, web-site, Jonas software, and reservation system. Range Balls & Supplies	Driving range operating supplies, range balls, ball washer, misc. supplies.
Scorecards & Pro Shop Supplies	Golf course scorecards, misc hardware, fixtures, display units. Staff Uniforms	Staff uniforms for all areas and staff.
Member Relations	Cost related to all annual promotions for residents in tennis, swim, golf, and park.

GOLF F&B
Gross Payroll	Salaries related to all management staff, salary, hourly, gratuities, incentives.
Payroll Cost	Monthly fees related to the processing of all payroll, benefits, 401K.
COGS F&B	Cost of all food and beverage, beer, wine, liquor sold.
Alcohol Surcharge	Delivery and misc. cost.
Bank & CC Fees	Fees due to credit card company for processing of charges.
China/Glass/Silver	Replacement China, glass, and silverware, new purchases.
Cleaning/Operating Supplies	General clubhouse related cleaning supplies all areas.
Contract Service	Contract Service to clean grease traps, vents, ice machines.
Gas & Propane	Natural gas a propane, patio heaters, kitchen equipment.
Kitchen/Bar Supplies	General cleaning supplies, service items, hardware.
Linen Service	Rental costs for linen and laundry related to cloth napkins, table cloths, etc.
Paper Goods	Operational paper supplies such as paper towels, plates, napkins, toilet paper, etc.
Staff Uniforms	Staff uniforms for all areas and staff.
Equipment Repairs/Rentals	Repair and maintenance of all kitchen equipment.
Resident/Member Relations/Marketing	Cost related to all annual promotions for residents in tennis, swim, golf, and park. Utilities	Electricity for all areas.

GOLF COURSE MAINTENANCE
Gross Payroll	Salaries related to all management staff, salary, hourly, incentives.
Payroll Cost	Monthly fees related to the processing of all payroll, benefits, 401K.
Fert/Chem/Herb	Turf related fertilizers, chemicals, pesticides, herbicides.
Gas/Oil/Grease	Gasoline and oil purchase and disposal for all maintenance equipment. Sand/Grave/\l/Top Dressing	Sand for bunkers maintenance, greens topdressing, pine straw and coquina. Sod/Plants/Landscaping	Sod and seed related to needed turf repair.
Straw/Mulch/Coquina/Color	Pine straw, stone, and coquina.
Accessories/Small Tools	On course items such as tee markers, flags, cups.
Staff Uniforms/Dues	Staff uniforms for all areas and staff.
Waste Removal	Monthly charges trash bins at clubhouse and maintenance yard for disposal.
Equipment Leases/Rentals	Lease of golf course maintenance equipment. Equipment/Irrigation Repairs	Repair and maintenance of golf course irrigation system. Irrigation Utilities/Telephone/Building Utilities  Electricity to operate irrigation pump, buildings, offices. Water/Sewer	Irrigation and potable water expense.

GOLF CLUBHOUSE MAINTENANCE
Gross Payroll	Salaries related to all management staff, salary, hourly, incentives.
Payroll Cost	Monthly fees related to the processing of all payroll, benefits, 401K.
Contract Services	Contract Service for additional projects.
Holiday/Plants	All holiday & seasonal décor for clubhouse.
Building Repairs Vendors	Repair and maintenance of golf clubhouse.
Misc. Cleaning Supplies	General clubhouse related cleaning supplies.
Paper Supplies/Misc. Supplies	Operational paper supplies such as paper towels, toilet paper, etc. Building Repairs In-House	Repair and maintenance of the clubhouse.

GOLF G&A
Gross Payroll	Salaries related to all management staff, salary, hourly, incentives.
Payroll Cost	Monthly fees related to the processing of all payroll, benefits, 401K.
Contract Service Cleaning	Contract Service to Clean Clubhouse, HVAC, windows.
Misc./Dues/Subscriptions	Various dues for staff and print material.
Bank Fees/CC Fees	Fees due to credit card company for processing of charges.
Equipment Rental	Service agreement for copier, misc. rentals.
Flowers/Décor	All holiday & seasonal décor for clubhouse.
Property Insurance	Property and casualty insurance for the property.
Legal Fees	Management of licenses, permits, and other legal matters.
Management Fees	Annual management fees for golf operations.
Member Relations	Cost related to all annual promotions for golf memberships. Paper Supplies/Stationary/Office Supplies	General office supplies for G&A, golf, and F&B. Permits/Property Tax	Tax related to golf clubs personal property and various permits.
Resident Appreciation	Cost related to all annual promotions for residents in tennis, swim, golf, and park. Software/Computer/Jonas	Internet provider and all hardware for computers, point of sale stations.
Travel/Mileage/Staff Meals/Seminars	Travel expense for staff business related to the operation. Telephone/Music/Dish	All telephone hardware and service costs.
Utilities/Waste Removal/Pest Control	Electricity for all areas, waste pickup, and pest control. Staff Training/Cost/Meals/Uniforms	Related cost for all staff training, daily meals and uniforms.
All Marketing Costs/Member Relations	Various marketing expenses and promotions for golf and social events.
Capital Reserve Fund

	Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments - On Roll	$679,710	$680,386	-	$680,386	$764,421	
Initiation Fees	50,000	18,750	5,000	23,750	40,000	
Carry Forward Surplus	628,484	527,259	-	527,259	738,817	
TOTAL REVENUES	$1,358,194	$1,226,395	$5,000	$1,231,395	$1,543,238	

EXPENDITURES:						
Capital Outlay/Repair & Replacement	473,000	462,578	30,000	492,578	515,000	
TOTAL EXPENDITURES:	$473,000	$462,578	$30,000	$492,578	$515,000	

Other Sources/(Uses)						
Interfund Transfer In/(Out)	-	-	-	-	(105,000)	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$(105,000)	
						
EXCESS REVENUES (EXPENDITURES)	$885,194	$763,817	$(25,000)	$738,817	$923,238	

	FY2026 Proposed Projects	
Additional Equipment for Fitness	Vendor	$	40,000	
Locker Room Redo Fitness	Vendor	$	10,000	
Bridge/Monument Refurbishing	Vendor	$	25,000	
Parking Lot Patch/Repair/Seal/Striping Work	Vendor	$	100,000	
Repair/Replace Pool Pumps	Vendor	$	10,000	
Storm Water Repairs/Upkeep	Vendor	$	15,000	
Slide Recoat/Protect	Vendor	$	9,000	
Tree Work Throughout CDD Property	Vendor	$	25,000	
Special Projects/Needs for the Golf Course	Vendor	$	20,000	
Irrigation System Audit Upgrades Golf Course	Vendor	$	15,000	
Locker Room Redo Pools	Vendor	$	15,000	
New Security Cart For All CDD Property And Golf Course	Vendor	$	12,000	
Replace HVAC System REC	Vendor	$	45,000	
Replace HVAC System Golf	Vendor	$	20,000	
Paint Kids Club and Lake House	Vendor	$	30,000	
Additional Tables and Chairs For Pool Deck (Last Order)	Vendor	$	15,000	
Replace Light on Tennis Courts (4-Year Plan)	Vendor	$	20,000	
Golf Dumpster Gate Replacement	Vendor	$	4,000	
Cabinets/Tops all areas	Vendor	$	10,000	
Slide Support Structure Repair/Rebuild/Paint	Vendor	$	10,000	
Various small Projects During The Year REC	Staff	$	25,000	
Camera Improvements and Additions	Staff	$	10,000	
Golf Tracer Project Practice Range (Study/Bids 2026)	Vendor	$	5,000	
Various Golf Projects During The Year	Staff	 $	25,000 	
Total Projects For Fiscal year 25/26		$  515,000	
Debt Service Series 2016 A1/A2 Special Assessment Refunding Bonds

REVENUES:

Special Assessments-On Roll	$1,477,362	$1,472,726	$4,636	$1,477,362	$1,477,362	
Prepayments	-	12,800	-	12,800	-	
Interest Earnings	-	53,700	7,500	61,200	-	
Carry Forward Surplus (1)	160,711	-	-	96,682	123,192	
TOTAL REVENUES	$1,638,073	$1,539,226	$12,136	$1,648,044	$1,600,554	

EXPENDITURES:						
Series 2016 A1 - Refunding Bonds						
Interest - 11/1	$148,094	$148,094	$-	$148,094	$138,406	
Special Call - 11/1	-	35,000	-	35,000	-	
Interest - 5/1	148,094	147,472	-	147,472	138,406	
Principal - 5/1	660,000	660,000	-	660,000	680,000	
Special Call - 5/1	-	15,000	-	15,000	-	
Series 2016 A1 - Revenue Bonds						
Interest - 11/1	56,625	56,625	-	56,625	56,344	
Interest - 5/1	56,625	56,625	-	56,625	56,344	
Series 2016 A2 - Refunding Bonds						
Interest - 11/1	69,951	69,951	-	69,951	65,004	
Special Call - 11/1	-	15,000	-	15,000	-	
Interest - 5/1	69,951	69,585	-	69,585	65,004	
Principal - 5/1	205,000	205,000	-	205,000	215,000	
Special Call - 5/1	-	5,000	-	5,000	-	
Series 2016 A2 - Revenue Bonds						
Interest - 11/1	20,750	20,750	-	20,750	20,750	
Interest - 5/1	20,750	20,750	-	20,750	20,750	
TOTAL EXPENDITURES	$1,455,840	$1,524,852	$-	$1,524,852	$1,456,009	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$1,455,840	$1,524,852	$-	$1,524,852	$1,456,009	
						
EXCESS REVENUES (EXPENDITURES)	$182,233	$14,374	$12,136	$123,192	$144,545	

(1) Carry Forward is Net of Reserve Requirement	Interest Due 11/1/26 2016 A1 Ref	

$128,206				
	2016 A1 Rev	$56,344				
	2016 A2 Ref	$60,328				
	2016 A2 Rev	$20,750				
		$128,206				

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	7,955,000	2.750%		-	138,406	946,065.63	
05/01/26	7,955,000	2.750%	680,000	138,406			
11/01/26	7,275,000	3.000%		-	128,206	946,612.50	
05/01/27	7,275,000	3.000%	700,000	128,206			
11/01/27	6,575,000	3.250%		-	116,831	945,037.50	
05/01/28	6,575,000	3.250%	725,000	116,831			
11/01/28	5,850,000	3.500%		-	104,144	945,975.00	
05/01/29	5,850,000	3.500%	750,000	104,144			
11/01/29	5,100,000	3.500%		-	91,019	945,162.50	
05/01/30	5,100,000	3.500%	775,000	91,019			
11/01/30	4,325,000	3.500%		-	77,456	943,475.00	
05/01/31	4,325,000	3.500%	805,000	77,456			
11/01/31	3,520,000	3.500%		-	63,369	945,825.00	
05/01/32	3,520,000	3.500%	835,000	63,369			
11/01/32	2,685,000	3.625%		-	48,756	947,125.00	
05/01/33	2,685,000	3.625%	865,000	48,756			
11/01/33	1,820,000	3.625%		-	33,078	946,834.38	
05/01/34	1,820,000	3.625%	895,000	33,078			
11/01/34	925,000	3.625%		-	16,856	944,934.38	
05/01/35	925,000	3.625%	930,000	16,856	-		
						946,856.25	
Total			$7,960,000	$1,636,244	$10,403,903		
**Updated for 5/1/25 Special Call							

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	3,005,000	3.750%		-	56,344	56,343.75	
05/01/26	3,005,000	3.750%		-	56,344		
11/01/26	3,005,000	3.750%		-	56,344	112,687.50	
05/01/27	3,005,000	3.750%		-	56,344		
11/01/27	3,005,000	3.750%		-	56,344	112,687.50	
05/01/28	3,005,000	3.750%		-	56,344		
11/01/28	3,005,000	3.750%		-	56,344	112,687.50	
05/01/29	3,005,000	3.750%		-	56,344		
11/01/29	3,005,000	3.750%		-	56,344	112,687.50	
05/01/30	3,005,000	3.750%		-	56,344		
11/01/30	3,005,000	3.750%		-	56,344	112,687.50	
05/01/31	3,005,000	3.750%		-	56,344		
11/01/31	3,005,000	3.750%		-	56,344	112,687.50	
05/01/32	3,005,000	3.750%		-	56,344		
11/01/32	3,005,000	3.750%		-	56,344	112,687.50	
05/01/33	3,005,000	3.750%		-	56,344		
11/01/33	3,005,000	3.750%		-	56,344	112,687.50	
05/01/34	3,005,000	3.750%		-	56,344		
11/01/34	3,005,000	3.750%		-	56,344	112,687.50	
05/01/35	3,005,000	3.750%		-	56,344		
11/01/35	3,005,000	3.750%		-	56,344	112,687.50	
05/01/36	3,005,000	3.750%	965,000	56,344			
11/01/36	2,040,000	3.750%		-	38,250	1,059,593.75	
05/01/37	2,040,000	3.750%	1,000,000	38,250			
11/01/37	1,040,000	3.750%		-	19,500	1,057,750.00	
05/01/38	1,040,000	3.750%	1,040,000	19,500	-		
						1,059,500.00	
Total			$3,005,000	$1,355,063	$4,360,063		

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	2,710,000	4.350%		-	65,004	65,004.38	
05/01/26	2,710,000	4.350%	215,000	65,004			
11/01/26	2,495,000	4.350%		-	60,328	340,332.51	
05/01/27	2,495,000	4.875%	225,000	60,328			
11/01/27	2,270,000	4.875%		-	54,844	340,171.88	
05/01/28	2,270,000	4.875%	235,000	54,844			
11/01/28	2,035,000	4.875%		-	49,116	338,959.38	
05/01/29	2,035,000	4.875%	250,000	49,116			
11/01/29	1,785,000	4.875%		-	43,022	342,137.51	
05/01/30	1,785,000	4.875%	260,000	43,022			
11/01/30	1,525,000	4.875%		-	36,684	339,706.26	
05/01/31	1,525,000	4.875%	275,000	36,684			
11/01/31	1,250,000	4.875%		-	29,981	341,665.63	
05/01/32	1,250,000	4.875%	285,000	29,981			
11/01/32	965,000	4.875%		-	23,034	338,015.63	
05/01/33	965,000	4.875%	300,000	23,034			
11/01/33	665,000	4.875%		-	15,722	338,756.26	
05/01/34	665,000	4.875%	315,000	15,722			
11/01/34	350,000	4.875%		-	8,044	338,765.63	
05/01/35	350,000	4.875%	330,000	8,044	338,043.75		
Total			$2,690,000	$771,559	$3,461,559		
**Updated for 5/1/25 Special Call							

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	830,000	5.000%		20,750	20,750.00	
05/01/26	830,000	5.000%	-	20,750		
11/01/26	830,000	5.000%		20,750	41,500.00	
05/01/27	830,000	5.000%	-	20,750		
11/01/27	830,000	5.000%		20,750	41,500.00	
05/01/28	830,000	5.000%	-	20,750		
11/01/28	830,000	5.000%		20,750	41,500.00	
05/01/29	830,000	5.000%	-	20,750		
11/01/29	830,000	5.000%		20,750	41,500.00	
05/01/30	830,000	5.000%	-	20,750		
11/01/30	830,000	5.000%		20,750	41,500.00	
05/01/31	830,000	5.000%	-	20,750		
11/01/31	830,000	5.000%		20,750	41,500.00	
05/01/32	830,000	5.000%	-	20,750		
11/01/32	830,000	5.000%		20,750	41,500.00	
05/01/33	830,000	5.000%	-	20,750		
11/01/33	830,000	5.000%		20,750	41,500.00	
05/01/34	830,000	5.000%	-	20,750		
11/01/34	830,000	5.000%		20,750	41,500.00	
05/01/35	830,000	5.000%	-	20,750		
11/01/35	830,000	5.000%		20,750	41,500.00	
05/01/36	830,000	5.000%	265,000	20,750		
11/01/36	565,000	5.000%	-	14,125	299,875.00	
05/01/37	565,000	5.000%	275,000	14,125		
11/01/37	290,000	5.000%	-	7,250	296,375.00	
05/01/38	290,000	5.000%	290,000	7,250	297,250.00	
Total			$830,000	$499,250	$1,329,250	
South Village
Community Development District
Adopted Budget
Debt Service Series 2016 A3 Special Assessment Refunding Bonds

	Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments-On Roll	$274,807	$276,110	$-	$276,110	$274,807	
Interest Earnings	-	11,713	1,500	13,213	-	
Carry Forward Surplus (1)	164,385	166,033	-	166,033	177,456	
TOTAL REVENUES	$439,192	$453,856	$1,500	$455,356	$452,264	

EXPENDITURES:						
Series 2016 A3 - Refunding Bonds						
Interest - 11/1	38,025	38,025	-	38,025	35,388	
Special Call - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	38,025	37,875	-	37,875	35,388	
Principal - 5/1	85,000	85,000	-	85,000	90,000	
SpeciaL Call - 5/1	-	5,000	-	5,000	-	
Series 2016 A3 - Revenue Bonds						
Interest - 11/1	53,500	53,500	-	53,500	53,500	
Interest - 5/1	53,500	53,500	-	53,500	53,500	
TOTAL EXPENDITURES	$268,050	$277,900	$-	$277,900	$267,775	

Other Sources/(Uses)						
Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$268,050	$277,900	$-	$277,900	$267,775	
						
EXCESS REVENUES (EXPENDITURES)	$171,142	$175,956	$1,500	$177,456	$184,489	

(1) Carry Forward is Net of Reserve Requirement		
Ref -Interest Due 11/1/26	
$32,913			
			Rev -Interest Due 11/1/26		$53,500 		
					$86,413	
South Village
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2016 A3 Special Assessment Refunding Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	1,200,000	5.500%		-	35,388	35,387.50	
05/01/26	1,200,000	5.500%	90,000	35,388			
11/01/26	1,110,000	5.500%		-	32,913	158,300.00	
05/01/27	1,110,000	5.500%	95,000	32,913			
11/01/27	1,015,000	6.000%		-	30,300	158,212.50	
05/01/28	1,015,000	6.000%	100,000	30,300			
11/01/28	915,000	6.000%		-	27,300	157,600.00	
05/01/29	915,000	6.000%	110,000	27,300			
11/01/29	805,000	6.000%		-	24,000	161,300.00	
05/01/30	805,000	6.000%	115,000	24,000			
11/01/30	690,000	6.000%		-	20,550	159,550.00	
05/01/31	690,000	6.000%	120,000	20,550			
11/01/31	570,000	6.000%		-	16,950	157,500.00	
05/01/32	570,000	6.000%	130,000	16,950			
11/01/32	440,000	6.000%		-	13,050	160,000.00	
05/01/33	440,000	6.000%	135,000	13,050			
11/01/33	305,000	6.000%		-	9,000	157,050.00	
05/01/34	305,000	6.000%	145,000	9,000			
11/01/34	160,000	6.000%		-	4,650	158,650.00	
05/01/35	160,000	6.000%	155,000	4,650			
						159,650.00	
Total			$1,195,000	$428,200	$1,623,200		
**Updated for 5/1/25 Special Call							
AMORTIZATION SCHEDULE
Debt Service Series 2016 A3 Special Assessment Revenue Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	2,140,000	5.000%		53,500	53,500.00	
05/01/26	2,140,000	5.000%	-	53,500		
11/01/26	2,140,000	5.000%		53,500	107,000.00	
05/01/27	2,140,000	5.000%	-	53,500		
11/01/27	2,140,000	5.000%		53,500	107,000.00	
05/01/28	2,140,000	5.000%	-	53,500		
11/01/28	2,140,000	5.000%		53,500	107,000.00	
05/01/29	2,140,000	5.000%	-	53,500		
11/01/29	2,140,000	5.000%		53,500	107,000.00	
05/01/30	2,140,000	5.000%	-	53,500		
11/01/30	2,140,000	5.000%		53,500	107,000.00	
05/01/31	2,140,000	5.000%	-	53,500		
11/01/31	2,140,000	5.000%		53,500	107,000.00	
05/01/32	2,140,000	5.000%	-	53,500		
11/01/32	2,140,000	5.000%		53,500	107,000.00	
05/01/33	2,140,000	5.000%	-	53,500		
11/01/33	2,140,000	5.000%		53,500	107,000.00	
05/01/34	2,140,000	5.000%	-	53,500		
11/01/34	2,140,000	5.000%		53,500	107,000.00	
05/01/35	2,140,000	5.000%	-	53,500		
11/01/35	2,140,000	5.000%		53,500	107,000.00	
05/01/36	2,140,000	5.000%	150,000	53,500		
11/01/36	1,990,000	5.000%	-	49,750	253,250.00	
05/01/37	1,990,000	5.000%	160,000	49,750		
11/01/37	1,830,000	5.000%	-	45,750	255,500.00	
05/01/38	1,830,000	5.000%	165,000	45,750		
11/01/38	1,665,000	5.000%	-	41,625	252,375.00	
05/01/39	1,665,000	5.000%	175,000	41,625		
11/01/39	1,490,000	5.000%	-	37,250	253,875.00	
05/01/40	1,490,000	5.000%	185,000	37,250		
11/01/40	1,305,000	5.000%	-	32,625	254,875.00	
05/01/41	1,305,000	5.000%	190,000	32,625		
11/01/41	1,115,000	5.000%	-	27,875	250,500.00	
05/01/42	1,115,000	5.000%	200,000	27,875		
11/01/42	915,000	5.000%	-	22,875	250,750.00	
05/01/43	915,000	5.000%	210,000	22,875		
11/01/43	705,000	5.000%	-	17,625	250,500.00	
05/01/44	705,000	5.000%	225,000	17,625		
11/01/44	480,000	5.000%	-	12,000	254,625.00	
05/01/45	480,000	5.000%	235,000	12,000		
11/01/45	245,000	5.000%	-	6,125	253,125.00	
05/01/46	245,000	5.000%	245,000	6,125	
251,125.00	
Total			$2,140,000	$1,764,000	$3,904,000	
Adopted Budget
Debt Service Series 2019 Capital Improvement Bonds

	Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments-On Roll	$223,713	$221,501	$2,212	$223,713	$223,713	
Interest Earnings	-	7,059	500	7,559	-	
Carry Forward Surplus (1)	107,742	105,770	-	105,770	115,456	
TOTAL REVENUES	$331,455	$334,330	$2,712	$337,042	$339,169	

EXPENDITURES:						
Series 2019A						
Interest - 11/1	80,793	80,793	-	80,793	79,368	
Interest - 5/1	80,793	80,793	-	80,793	79,368	
Principal - 5/1	60,000	60,000	-	60,000	60,000	
TOTAL EXPENDITURES	$221,586	$221,586	$-	$221,586	$218,735	

Other Sources/(Uses)						
Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$221,586	$221,586	$-	$221,586	$218,735	
						
EXCESS REVENUES (EXPENDITURES)	$109,869	$112,744	$2,712	$115,456	$120,434	

(1) Carry Forward is Net of Reserve Requirement		
Interest Due 11/1/26	
	$77,943 			
					$77,943	
South Village
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2019 A Capital Improvement Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/23	
$3,015,000	
4.750%	
$-	
$82,099	
82,098.75	
05/01/24	3,015,000	4.750%	55,000	82,099		
11/01/24	2,960,000	4.750%	-	80,793	217,891.25	
05/01/25	2,960,000	4.750%	60,000	80,793		
11/01/25	2,900,000	4.750%	-	79,368	220,160.00	
05/01/26	2,900,000	4.750%	60,000	79,368		
11/01/26	2,840,000	4.750%	-	77,943	217,310.00	
05/01/27	2,840,000	4.750%	65,000	77,943		
11/01/27	2,775,000	4.750%	-	76,399	219,341.25	
05/01/28	2,775,000	4.750%	65,000	76,399		
11/01/28	2,710,000	4.750%	-	74,855	216,253.75	
05/01/29	2,710,000	4.750%	70,000	74,855		
11/01/29	2,640,000	5.450%	-	73,193	218,047.50	
05/01/30	2,640,000	5.450%	75,000	73,193		
11/01/30	2,565,000	5.450%	-	71,149	219,341.25	
05/01/31	2,565,000	5.450%	80,000	71,149		
11/01/31	2,485,000	5.450%	-	68,969	220,117.50	
05/01/32	2,485,000	5.450%	85,000	68,969		
11/01/32	2,400,000	5.450%	-	66,653	220,621.25	
05/01/33	2,400,000	5.450%	90,000	66,653		
11/01/33	2,310,000	5.450%	-	64,200	220,852.50	
05/01/34	2,310,000	5.450%	90,000	64,200		
11/01/34	2,220,000	5.450%	-	61,748	215,947.50	
05/01/35	2,220,000	5.450%	100,000	61,748		
11/01/35	2,120,000	5.450%	-	59,023	220,770.00	
05/01/36	2,120,000	5.450%	105,000	59,023		
11/01/36	2,015,000	5.450%	-	56,161	220,183.75	
05/01/37	2,015,000	5.450%	110,000	56,161		
11/01/37	1,905,000	5.450%	-	53,164	219,325.00	
05/01/38	1,905,000	5.450%	115,000	53,164		
11/01/38	1,790,000	5.450%	-	50,030	218,193.75	
05/01/39	1,790,000	5.450%	120,000	50,030		
11/01/39	1,670,000	5.600%	-	46,760	216,790.00	
05/01/40	1,670,000	5.600%	130,000	46,760		
11/01/40	1,540,000	5.600%	-	43,120	219,880.00	
05/01/41	1,540,000	5.600%	135,000	43,120		
11/01/41	1,405,000	5.600%	-	39,340	217,460.00	
05/01/42	1,405,000	5.600%	145,000	39,340		
11/01/42	1,260,000	5.600%	-	35,280	219,620.00	
05/01/43	1,260,000	5.600%	150,000	35,280		
11/01/43	1,110,000	5.600%	-	31,080	216,360.00	
05/01/44	1,110,000	5.600%	160,000	31,080		
11/01/44	950,000	5.600%	-	26,600	217,680.00	
05/01/45	950,000	5.600%	170,000	26,600		
11/01/45	780,000	5.600%	-	21,840	218,440.00	
05/01/46	780,000	5.600%	180,000	21,840		
11/01/46	600,000	5.600%	-	16,800	218,640.00	
05/01/47	600,000	5.600%	190,000	16,800		
11/01/47	410,000	5.600%	-	11,480	218,280.00	
05/01/48	410,000	5.600%	200,000	11,480		
11/01/48	210,000	5.600%	-	5,880	217,360.00	
05/01/49	210,000	5.600%	210,000	5,880	215,880.00	
Total			$3,015,000	$2,747,845	$5,762,845	
South Village
Community Development District
Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	O&M Units	Bonds 2016
A1/2	Bonds 2016
A3	Bonds 2019	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit																		
	
FY2026	
Gross	
FY2025	Increase/ (decrease)	
FY2026	
FY2026	Increase/ (decrease)	
FY2026	
FY2026	Increase/ (decrease)															
					O&M / Rec Center	Golf	Capital Reserve	Total			2016A1/2	2016A3	2019	2016A1/2	2016A3	2019		2016A1/2	2016A3	2019	2016A1/2	2016A3	2019		

Platted Lots	
1494	
1063	
197	
162	
$1,438.00	
$0.00	
$544.32	
$1,982.32	
$1,862.00	
$120.32	
$1,470.05	
$1,484.00	
$1,469.09	
$1,470.05	
$1,484.00	
$1,469.09	
$0.00	
$3,452.37	
$3,466.32	
$3,451.41	
$3,332.05	
$3,346.00	
$3,331.09	
$120.32	
Platted Lot Partial	0	58	0	0	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$146.87	$0.00	$0.00	$146.87	$0.00	$0.00	$0.00	$146.87	$0.00	$0.00	$146.87	$0.00	$0.00	$0.00	
Platted Lot Partial	0	1	0	0	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$479.78	$0.00	$0.00	$479.78	$0.00	$0.00	$0.00	$479.78	$0.00	$0.00	$479.78	$0.00	$0.00	$0.00	
Sales Center	1	0	0	0	$3,946.43	$0.00	$0.00	$3,946.43	$3,946.43	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
Paid off		14																							
Total	1495	1136	197	162