Cypress Bluff

Community Development District

Approved Budget
FY 2027

Presented by:

Table of Contents

1-2		General Fund	

3-6	
	Narratives	

7	
	Debt Service Fund Series 2019	

8	
	Amortization Schedule Series 2019	

9	
	Debt Service Fund Series 2020	

10	
	Amortization Schedule Series 2020	

11	
	Debt Service Fund Series 2020A	

12	
	Amortization Schedule Series 2020A	

13	
	Debt Service Fund Series 2021	

14	
	Amortization Schedule Series 2021	

15	
	Assessment Schedule	

16	
	Capital Reserve Fund	

Adopted
Budget	Actuals Thru	Projected Next  Projected Thru

Approved Budget

Description	FY 2026	4/30/26		5 Months		9/30/26	FY 2027	
REVENUES:						
Special Assessments-Tax Roll	$	1,339,699	$	1,322,491	$	17,987	$  1,340,479	$  1,407,588	
Interest Income	10,200	19,814	8,500	28,314	25,000	
Insurance Proceeds	-	8,250	-	8,250	-	
Other Revenues (Event Fees)	20,000	6,285	4,500	10,785	10,000	
TOTAL REVENUES	$ 1,369,899	$ 1,356,840	$	30,987	$ 1,387,827	$ 1,442,588	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	4,600	$	5,000	$	9,600	$	12,000	
FICA Expense	918	352	383	734	918	
Engineering	9,500	590	8,910	9,500	9,500	
Arbitrage Rebate	2,400	600	1,800	2,400	2,400	
Dissemination Agent	7,969	4,949	3,021	7,969	8,800	
Attorney	13,000	5,930	7,070	13,000	13,000	
Annual Audit	6,700	6,800	-	6,800	6,900	
Assessment Roll Administration	11,798	11,798	-	11,798	12,506	
Trustee Fees	23,000	18,506	4,494	23,000	23,000	
Management Fees	57,974	33,818	24,156	57,974	61,453	
Information Technology	2,949	1,720	1,229	2,949	3,126	
Website Maintenance	1,475	860	614	1,475	1,563	
Telephone	500	102	398	500	500	
Postage & Delivery	1,500	1,587	1,200	2,787	1,500	
Printing & Binding	2,500	762	150	912	2,500	
Insurance General Liability	7,460	7,029	-	7,029	7,732	
Legal Advertising	2,500	721	1,779	2,500	2,500	
Other Current Charges	500	189	500	689	500	
Office Supplies	600	5	596	600	300	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	165,418	$	101,092	$	61,299	$  162,391	$  170,873	

Operations & Maintenance						
Grounds						

Lake Maintenance	
$	1,500	
$	700	
$	500	
$	1,200	
$	1,200	
Landscape Maintenance	417,103	238,540	178,564	417,103	429,617	
Landscape Contingency	13,000	14,575	15,000	29,575	30,000	
Pump Maintenance	3,550	5,968	3,550	9,518	3,550	
Water & Sewer	32,500	-	-	-	-	
Electric	-	13,139	11,500	24,639	26,000	
Reclaim Water	-	11,591	14,000	25,591	27,600	
Irrigation Repairs	10,000	8,121	2,500	10,621	5,000	
Pest Control	2,400	1,430	1,400	2,830	3,360	
Environmental Permit/Monitoring	20,000	-	20,000	20,000	20,000	
Other Repairs and Maintenance	5,000	-	2,500	2,500	5,000	
TOTAL GROUNDS	$	505,053	$	294,064	$	249,514	$  543,577	$  551,327	

Adopted Budget
FY 2026

Actuals Thru
4/30/26

Projected Next  Projected Thru

Description

	5 Months	

9/30/26

Approved Budget
FY 2027

Amenity

Insurance

$	61,650  $

56,442  $

-  $	56,442  $

53,623

Amenity Manager (Vesta)	134,031	78,185	55,846	134,031	129,480
Pool Maintenance (Vesta)	10,172	5,934	4,239	10,172	10,477
Pool Chemicals (Vesta)	17,148	10,003	7,145	17,148	17,662
Facility Attendant (Vesta)	98,500	57,458	41,042	98,500	93,500
Janitorial Services (Vesta)	13,339	7,781	5,557	13,339	13,739
Refuse	3,000	1,387	1,613	3,000	3,000
Security Monitoring	10,000	360	360	720	720
Security Camera	-	-	10,313	10,313	10,313
Security Patrol	20,000	-	10,000	10,000	20,000
Facility Maintenance (Vesta)	21,387	12,476	8,911	21,387	22,242
Elevator Maintenance	5,000	3,666	-	3,666	4,000
Electric	25,500	3,745	4,500	8,245	8,400
Water & Sewer	-	1,868	2,500	4,368	4,440
Irrigation Water	-	22,287	30,000	52,287	54,000
Cable and Internet	10,200	5,536	4,664	10,200	10,800
Licenses and Permits	1,000	-	1,000	1,000	1,000
Subscriptions	-	3,814	2,500	6,314	6,400
Repairs & Maintenance	71,000	22,751	48,249	71,000	71,000
Special Events	35,000	17,905	17,095	35,000	35,000
Holiday Decorations	1,500	704	796	1,500	1,500
Fitness Center R&M	20,000	4,550	15,450	20,000	20,000
Fitness Equipment Rentals	9,000	2,716	4,284	7,000	7,092
Reserve for Amenities	100,000	11,005	10,000	21,005	90,000
Mobile Application	9,000	5,250	3,750	9,000	9,000
Other Current Charges	3,000	1,560	1,440	3,000	3,000

TOTAL AMENITY

$	679,427  $	337,383  $	291,254  $  628,637  $  700,388

Capital Reserve

Capital Reserve Funding

$	20,000  $

20,000  $

-  $	20,000  $

20,000

TOTAL CAPITAL RESERVE

$	20,000  $	20,000  $

-  $	20,000  $	20,000

TOTAL EXPENDITURES

$ 1,369,899  $	752,539  $	602,067  $ 1,354,606  $ 1,442,588

EXCESS REVENUES (EXPENDITURES)

$

-  $	604,301  $  (571,080)  $	33,222  $

-

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 Income
The District earns interest on the monthly average collected balance for each of their investment accounts.
Other Revenues (Event Fees)
Income received from resident rental of Rooftop patio, amenity access fobs, fitness class, etc.

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 the Board of Supervisors' compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisors' payroll expenditures.
Engineering
The District’s engineer, England-Thims & Miller, Inc will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2019, 2020, 2020A and 2021 Special Assessment Revenue Bonds.
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
GMS
Disclosure Services

Attorney

Description
Dissemination Agent
Revised Amortization Schedules

Total

Monthly	Annual
$	700 $	8,400
	400 
$	8,800

The District’s legal counsel, Kutak Rock LLP will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau and Associates currently serves as the District’s Independent Auditor.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Trustee Fees
The Trustee at The Bank of New York Mellon administers the District’s Series 2019, 2020, 2020A, and 2021 Special Assessment Revenue Bonds. The amount represents the annual fee for the administration of the District’s bond issue.
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.
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.

Expenditures - Administrative (continued)

Telephone
New internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Printing and Binding
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 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.
Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Expenditures – Operations & Maintenance Grounds

Lake Maintenance
Maintenance costs to maintain lakes and control vegetation and algae. The District currently uses Clear Waters, Inc. and Aerostar SES for storm water inspection services.
Landscape Maintenance
The District has contracted with Sun State Nursery & Landscaping for the estimated costs related to maintaining the common areas of the District.
Vendor	Description	Monthly	Annual

Sun State Nursery & Landscaping	E-Town Area 1, 2 & 3
Landscape Contingency
Estimated costs for other landscape maintenance incurred by the District.
Pump Maintenance
Estimated costs related to maintain the irrigation pumps in the District.
Electric

$	35,801  $

429,617

Represents the cost of electric service for the District's irrigation pumps, provided by JEA.

Meter #	Location	Monthly	Annual	
22970659	10923 E-Town PY Apt IR01	$	40	$	480	
23679519	11145 E-Town PY Apt IR01	200	2,400	
24059037	11399 Square St Apt IR02	40	480	
22972246	10505 E-Town PY Apt IR01	40	480	
23408499	11399 Square St Apt IR03	1,800	21,600	
Contingency		-	560 

Total $

2,120  $

26,000

Reclaim Water
Reclaim water needed for irrigation and maintenance of the common grounds provided by JEA.

Meter #

Location

Monthly	Annual

P4056216000	11399 Square ST Apt IR01

$	2,300  $

27,600

Expenditures – Operations & Maintenance Grounds (continued)

Irrigation Repairs
Estimated miscellaneous irrigation maintenance and repair costs.
Pest Control
The estimated costs for Turner's Pest Control to provide monthly pest control services.
Vendor	Description	Monthly	Annual

Turner Pest Control	Pest Control
Environmental Permit/Monitoring

$	280  $

3,360

An Environmental Resource Permit (ERP) is required for development or construction activities to reduce increased flooding, protect the water quality of Florida's lakes and streams from stormwater pollution, and protect wetlands and other surface waters.

Other Repairs & Maintenance
Estimated costs for other repairs and maintenance incurred by the district.

Expenditures – Grounds Maintenance Amenity

Insurance
The District's Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.
Amenity Manager (Vesta)
The District contracted with Vesta Property Services to provide management services for the Amenity Center.
Pool Maintenance (Vesta)
The District has contracted with Vesta to maintain the Amenity swimming pools.
Pool Chemicals (Vesta)
The District has contracted with Vesta for purchase and delivery of pool chemicals for the maintenance of the Amenity Center swimming pools.
Facility Attendant (Vesta)
The District has contracted with Vesta to provide community facility staff for the Amenity Center to greet patrons, provide facility tours, issue access cards, and enforce policy.
Janitorial Services (Vesta)
The District utilizes the services of Vesta Property Services to provide janitorial services.
Refuse
This item includes Waste Pro Management picking up trash from the receptacles at the Amenity Center.
Vendor	Description	Monthly	Annual

Waste Pro	Refuse
Security Monitoring
Costs of the quarterly monitoring of the fire alarm system via Starlink cellular.
Security Camera

$	250  $

3,000

Estimated costs for monitoring, maintenance, and repair of the security cameras installed on District property. The District has contracted with Everon for security camera services.

Vendor	Description	Monthly	Annual	
Everon
Security Patrol	Security Camera	$	859 $	10,313	
Estimated costs for security patrols and mileage reimbursement on District property for off-duty patrols.
Facility Maintenance (Vesta)
The District utilizes the services of Vesta Property Services to provide maintenance and repairs necessary for upkeep of the Amenity Center and common grounds area.
Elevator Maintenance
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Center elevator.
Electric
JEA provides electric service to the District, including the Amenity Center and associated recreation facilities.

Meter #

Location

Monthly	Annual

21277318	10571 E-Town PY

$	700  $

8,400

Budget Narrative Fiscal Year 2027

Expenditures – Grounds Maintenance Amenity (continued)

Water & Sewer
JEA provides water and sewer service to the District, including the Amenity Center and associated recreation facilities.

Meter #

Location

Monthly	Annual

Fire Sprinkler 1	10571 E-Town PY

$	60  $

720

88781372	10571 E-Town PY	80	960
88781372	10571 E-Town PY		230	2,760 

Irrigation Water

Total $

370  $

4,440

JEA provides irrigation service to the District, including the Amenity Center and associated recreation facilities.

Meter #

Location

Monthly	Annual

Cable and Internet

88634656	10571 E-Town PY

$	4,500  $

54,000

The District has contracted with Comcast for cable and internet in the Amenity Center.

Account #

Location

Monthly	Annual

Licenses and Permits

XX 5280

10571 E-Town Pkwy (Fitness)

$	900  $

10,800

Represents license fees for the amenity center and permit fees paid to the Florida Department of Health in Duval County for the swimming pools.
Subscriptions
Represents costs for software used to send automated text or voice messages to community residents, such as maintenance alerts, community announcements, or reminders
Repairs & Maintenance
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.
Special Events
Represents estimated costs for the District to host special events for the community through the Fiscal Year.
Holiday Decorations
Represents estimated costs for the District to decorate the Amenity center for the holidays.
Fitness Center R&M
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Fitness Center.
Fitness Equipment Rentals
The District has contracted with Macrolease to rent fitness equipment.

Vendor

Description

Monthly	Annual

Macrolease
Reserve for Amenities

Fitness Equipment Rental

$	591  $

7,092

The District funds a capital reserve dedicated to the renewal and replacement of amenity-related capital facilities. These funds are transferred to the Capital Reserve Fund for future use.
Mobile Application
Mobile Application Peoplevine to provide communication of information related to Amenity Facilities for residents and patrons included but not limited to hours of operations, resident programs, special events, and other services for the District.
Other Current Charges
Represents miscellaneous costs incurred by the District.

 Expenditures – Reserves	

Capital Reserve Funding
The District funds a capital reserve dedicated to future renewal, replacement, and unanticipated capital needs. These funds are transferred to the Capital Reserve Fund to support long-term financial stability and the ongoing upkeep of District infrastructure and facilities.

Approved Budget
Debt Service Series 2019 Special Assessment 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 - Tax Roll	$	723,981	$	714,266	$	9,715	$	723,981	$	723,981	
Special Assessments - Prepayments	-	4,663	-	4,663	-	
Interest Earnings	5,000	15,967	5,000	20,967	10,000	
Carry Forward Surplus (1)	345,006	365,553	-	365,553	387,538	
TOTAL REVENUES	$ 1,073,988	$ 1,100,449	$	14,715	$  1,115,164	$  1,121,519	

EXPENDITURES:						
Interest - 11/1	$	241,313	$	241,313	$	-	$	241,313	$	236,236	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	241,313	-	241,313	241,313	236,236	
Principal - 5/1	240,000	-	240,000	240,000	250,000	
TOTAL EXPENDITURES	$	722,626	$	246,313	$	481,313	$	727,626	$	722,471	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	722,626	$	246,313	$	481,313	$	727,626	$	722,471	
						
EXCESS REVENUES (EXPENDITURES)	$	351,361	$	854,136	$  (466,598)	$	387,538	$	399,048	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

 $	231,079 

AMORTIZATION SCHEDULE
Debt Service Series 2019 Special Assessment Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/26	9,555,000				236,236	722,471	
05/01/27	9,555,000	4.125%	250,000		236,236		
11/01/27	9,305,000				231,079	722,159	
05/01/28	9,305,000	4.125%	260,000		231,079		
11/01/28	9,045,000				225,717	726,434	
05/01/29	9,045,000	4.125%	275,000		225,717		
11/01/29	8,770,000				220,045	725,090	
05/01/30	8,770,000	4.900%	285,000		220,045		
11/01/30	8,485,000				213,063	726,125	
05/01/31	8,485,000	4.900%	300,000		213,063		
11/01/31	8,185,000				205,713	726,425	
05/01/32	8,185,000	4.900%	315,000		205,713		
11/01/32	7,870,000				197,995	725,990	
05/01/33	7,870,000	4.900%	330,000		197,995		
11/01/33	7,540,000				189,910	724,820	
05/01/34	7,540,000	4.900%	345,000		189,910		
11/01/34	7,195,000				181,458	727,915	
05/01/35	7,195,000	4.900%	365,000		181,458		
11/01/35	6,830,000				172,515	730,030	
05/01/36	6,830,000	4.900%	385,000		172,515		
11/01/36	6,445,000				163,083	726,165	
05/01/37	6,445,000	4.900%	400,000		163,083		
11/01/37	6,045,000				153,283	726,565	
05/01/38	6,045,000	4.900%	420,000		153,283		
11/01/38	5,625,000				142,993	730,985	
05/01/39	5,625,000	4.900%	445,000		142,993		
11/01/39	5,180,000				132,090	729,180	
05/01/40	5,180,000	5.100%	465,000		132,090		
11/01/40	4,715,000				120,233	730,465	
05/01/41	4,715,000	5.100%	490,000		120,233		
11/01/41	4,225,000				107,738	730,475	
05/01/42	4,225,000	5.100%	515,000		107,738		
11/01/42	3,710,000				94,605	734,210	
05/01/43	3,710,000	5.100%	545,000		94,605		
11/01/43	3,165,000				80,708	731,415	
05/01/44	3,165,000	5.100%	570,000		80,708		
11/01/44	2,595,000				66,173	732,345	
05/01/45	2,595,000	5.100%	600,000		66,173		
11/01/45	1,995,000				50,873	736,745	
05/01/46	1,995,000	5.100%	635,000		50,873		
11/01/46	1,360,000				34,680	734,360	
05/01/47	1,360,000	5.100%	665,000		34,680		
11/01/47	695,000				17,723	730,445	
05/01/48	695,000	5.100%	695,000		17,723		
Total		$	9,555,000	$	6,475,814	$  16,030,814	

Approved Budget
Debt Service Series 2020 Special Assessment 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	$	495,593	$	486,829	$	6,621	$	493,450	$	493,450	
Interest Earnings	10,000	11,413	5,000	16,413	10,000	
Carry Forward Surplus (1)	398,976	398,537	-	398,537	413,807	
TOTAL REVENUES	$	904,569	$	896,778	$	11,621	$	908,400	$	917,257	

EXPENDITURES:						
Interest - 11/1	$	171,259	$	171,259	$	-	$	171,259	$	168,209	
Principal - 11/1	150,000	150,000	-	150,000	155,000	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	168,334	-	168,334	168,334	164,838	
TOTAL EXPENDITURES	$	489,593	$	326,259	$	168,334	$	494,593	$	488,046	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	489,593	$	326,259	$	168,334	$	494,593	$	488,046	
						
EXCESS REVENUES (EXPENDITURES)	$	414,976	$	570,519	$  (156,712)	$	413,807	$	429,211	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27 Principal Due 11/1/27

$	164,838
160,000

 $	324,838 

AMORTIZATION SCHEDULE
Debt Service Series 2020 Special Assessment Bonds

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
							
	11/01/26	6,700,000	4.350%	155,000	168,209	488,046.25	
	05/01/27	6,545,000			164,838		
	11/01/27	6,545,000	4.350%	160,000	164,838	486,195.00	
	05/01/28	6,385,000			161,358		
	11/01/28	6,385,000	4.350%	170,000	161,358	489,017.50	
	05/01/29	6,215,000			157,660		
	11/01/29	6,215,000	4.350%	175,000	157,660	486,513.75	
	05/01/30	6,040,000			153,854		
	11/01/30	6,040,000	4.350%	185,000	153,854	488,683.75	
	05/01/31	5,855,000			149,830		
	11/01/31	5,855,000	5.000%	190,000	149,830	484,910.00	
	05/01/32	5,665,000			145,080		
	11/01/32	5,665,000	5.000%	200,000	145,080	485,160.00	
	05/01/33	5,465,000			140,080		
	11/01/33	5,465,000	5.000%	210,000	140,080	484,910.00	
	05/01/34	5,255,000			134,830		
	11/01/34	5,255,000	5.000%	220,000	134,830	484,160.00	
	05/01/35	5,035,000			129,330		
	11/01/35	5,035,000	5.000%	235,000	129,330	487,785.00	
	05/01/36	4,800,000			123,455		
	11/01/36	4,800,000	5.000%	245,000	123,455	485,785.00	
	05/01/37	4,555,000			117,330		
	11/01/37	4,555,000	5.000%	255,000	117,330	483,285.00	
	05/01/38	4,300,000			110,955		
	11/01/38	4,300,000	5.000%	270,000	110,955	485,160.00	
	05/01/39	4,030,000			104,205		
	11/01/39	4,030,000	5.000%	285,000	104,205	486,285.00	
	05/01/40	3,745,000			97,080		
	11/01/40	3,745,000	5.000%	290,000	97,080	476,910.00	
	05/01/41	3,455,000			89,830		
	11/01/41	3,455,000	5.200%	310,000	89,830	481,600.00	
	05/01/42	3,145,000			81,770		
	11/01/42	3,145,000	5.200%	325,000	81,770	480,090.00	
	05/01/43	2,820,000			73,320		
	11/01/43	2,820,000	5.200%	345,000	73,320	482,670.00	
	05/01/44	2,475,000			64,350		
	11/01/44	2,475,000	5.200%	360,000	64,350	479,340.00	
	05/01/45	2,115,000			54,990		
	11/01/45	2,115,000	5.200%	380,000	54,990	480,100.00	
	05/01/46	1,735,000			45,110		
	11/01/46	1,735,000	5.200%	400,000	45,110	479,820.00	
	05/01/47	1,335,000			34,710		
	11/01/47	1,335,000	5.200%	420,000	34,710	478,500.00	
	05/01/48	915,000			23,790		
	11/01/48	915,000	5.200%	445,000	23,790	481,010.00	
	05/01/49	470,000			12,220		
	11/01/49	470,000	5.200%	470,000	12,220	482,220.00	
Total			$	6,700,000  $	4,908,156	$  11,608,156	

Approved Budget
Debt Service Series 2020A Special Assessment Bonds (Del Webb Project)

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	$	421,869	$	415,547	$	5,652	$	421,199	$	421,199	
Special Assessments - Prepayments	-	10,024	-	10,024	-	
Interest Earnings	5,000	9,251	3,500	12,751	10,000	
Carry Forward Surplus (1)	178,676	197,432	-	197,432	212,889	
TOTAL REVENUES	$	605,545	$	632,254	$	9,152	$	641,406	$	644,088	

EXPENDITURES:						
Interest - 11/1	$	124,259	$	124,259	$	-	$	124,259	$	121,429	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	124,259	-	124,259	124,259	121,429	
Principal - 5/1	175,000	-	175,000	175,000	180,000	
TOTAL EXPENDITURES	$	423,518	$	129,259	$	299,259	$	428,518	$	422,859	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	423,518	$	129,259	$	299,259	$	428,518	$	422,859	
						
EXCESS REVENUES (EXPENDITURES)	$	182,027	$	502,995	$  (290,107)	$	212,889	$	221,229	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

 $	118,617 

AMORTIZATION SCHEDULE
Debt Service Series 2020A Special Assessment Bonds (Del Webb Project)

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	6,635,000			121,429	422,858.75	
05/01/27	6,635,000	3.125%	180,000	121,429		
11/01/27	6,455,000			118,617	422,233.75	
05/01/28	6,455,000	3.125%	185,000	118,617		
11/01/28	6,270,000			115,726	421,452.50	
05/01/29	6,270,000	3.125%	190,000	115,726		
11/01/29	6,080,000			112,758	420,515.00	
05/01/30	6,080,000	3.125%	195,000	112,758		
11/01/30	5,885,000			109,711	424,421.25	
05/01/31	5,885,000	3.625%	205,000	109,711		
11/01/31	5,680,000			105,995	421,990.00	
05/01/32	5,680,000	3.625%	210,000	105,995		
11/01/32	5,470,000			102,189	424,377.50	
05/01/33	5,470,000	3.625%	220,000	102,189		
11/01/33	5,250,000			98,201	421,402.50	
05/01/34	5,250,000	3.625%	225,000	98,201		
11/01/34	5,025,000			94,123	423,246.25	
05/01/35	5,025,000	3.625%	235,000	94,123		
11/01/35	4,790,000			89,864	424,727.50	
05/01/36	4,790,000	3.625%	245,000	89,864		
11/01/36	4,545,000			85,423	425,846.25	
05/01/37	4,545,000	3.625%	255,000	85,423		
11/01/37	4,290,000			80,801	421,602.50	
05/01/38	4,290,000	3.625%	260,000	80,801		
11/01/38	4,030,000			76,089	422,177.50	
05/01/39	4,030,000	3.625%	270,000	76,089		
11/01/39	3,760,000			71,195	422,390.00	
05/01/40	3,760,000	3.625%	280,000	71,195		
11/01/40	3,480,000			66,120	422,240.00	
05/01/41	3,480,000	3.800%	290,000	66,120		
11/01/41	3,190,000			60,610	426,220.00	
05/01/42	3,190,000	3.800%	305,000	60,610		
11/01/42	2,885,000			54,815	424,630.00	
05/01/43	2,885,000	3.800%	315,000	54,815		
11/01/43	2,570,000			48,830	427,660.00	
05/01/44	2,570,000	3.800%	330,000	48,830		
11/01/44	2,240,000			42,560	425,120.00	
05/01/45	2,240,000	3.800%	340,000	42,560		
11/01/45	1,900,000			36,100	427,200.00	
05/01/46	1,900,000	3.800%	355,000	36,100		
11/01/46	1,545,000			29,355	423,710.00	
05/01/47	1,545,000	3.800%	365,000	29,355		
11/01/47	1,180,000			22,420	424,840.00	
05/01/48	1,180,000	3.800%	380,000	22,420		
11/01/48	800,000			15,200	425,400.00	
05/01/49	800,000	3.800%	395,000	15,200		
11/01/49	405,000			7,695	420,390.00	
05/01/50	405,000	3.800%	405,000	7,695		
Total		$	6,635,000  $	3,531,651	$  10,166,651	

Approved Budget
Debt Service Series 2021 Special Assessment 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	$	115,340	$	114,466	$	1,557	$	116,023	$	116,023	
Interest Earnings	2,000	2,499	500	2,999	2,000	
Carry Forward Surplus (1)	51,742	52,111	-	52,111	59,481	
TOTAL REVENUES	$	169,083	$	169,076	$	2,057	$	171,133	$	177,505	

EXPENDITURES:						
Interest - 11/1	$	33,326	$	33,326	$	-	$	33,326	$	32,808	
Interest - 5/1	33,326	-	33,326	33,326	32,808	
Principal - 5/1	45,000	-	45,000	45,000	50,000	
TOTAL EXPENDITURES	$	111,651	$	33,326	$	78,326	$	111,651	$	115,616	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	111,651	$	33,326	$	78,326	$	111,651	$	115,616	
						
EXCESS REVENUES (EXPENDITURES)	$	57,432	$	135,750	$	(76,269)	$	59,481	$	61,888	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

 $	32,089 

AMORTIZATION SCHEDULE
Debt Service Series 2021 Special Assessment Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	1,825,000			32,808	115,616.25	
05/01/27	1,825,000	2.875%	50,000	32,808		
11/01/27	1,775,000			32,089	114,178.75	
05/01/28	1,775,000	2.875%	50,000	32,089		
11/01/28	1,725,000			31,371	112,741.25	
05/01/29	1,725,000	2.875%	50,000	31,371		
11/01/29	1,675,000			30,652	111,303.75	
05/01/30	1,675,000	2.875%	50,000	30,652		
11/01/30	1,625,000			29,933	114,866.25	
05/01/31	1,625,000	2.875%	55,000	29,933		
11/01/31	1,570,000			29,143	113,285.00	
05/01/32	1,570,000	3.300%	55,000	29,143		
11/01/32	1,515,000			28,235	111,470.00	
05/01/33	1,515,000	3.300%	55,000	28,235		
11/01/33	1,460,000			27,328	114,655.00	
05/01/34	1,460,000	3.300%	60,000	27,328		
11/01/34	1,400,000			26,338	112,675.00	
05/01/35	1,400,000	3.300%	60,000	26,338		
11/01/35	1,340,000			25,348	115,695.00	
05/01/36	1,340,000	3.300%	65,000	25,348		
11/01/36	1,275,000			24,275	113,550.00	
05/01/37	1,275,000	3.300%	65,000	24,275		
11/01/37	1,210,000			23,203	116,405.00	
05/01/38	1,210,000	3.300%	70,000	23,203		
11/01/38	1,140,000			22,048	114,095.00	
05/01/39	1,140,000	3.300%	70,000	22,048		
11/01/39	1,070,000			20,893	111,785.00	
05/01/40	1,070,000	3.300%	70,000	20,893		
11/01/40	1,000,000			19,738	114,475.00	
05/01/41	1,000,000	3.300%	75,000	19,738		
11/01/41	925,000			18,500	112,000.00	
05/01/42	925,000	4.000%	75,000	18,500		
11/01/42	850,000			17,000	114,000.00	
05/01/43	850,000	4.000%	80,000	17,000		
11/01/43	770,000			15,400	115,800.00	
05/01/44	770,000	4.000%	85,000	15,400		
11/01/44	685,000			13,700	112,400.00	
05/01/45	685,000	4.000%	85,000	13,700		
11/01/45	600,000			12,000	114,000.00	
05/01/46	600,000	4.000%	90,000	12,000		
11/01/46	510,000			10,200	115,400.00	
05/01/47	510,000	4.000%	95,000	10,200		
11/01/47	415,000			8,300	116,600.00	
05/01/48	415,000	4.000%	100,000	8,300		
11/01/48	315,000			6,300	112,600.00	
05/01/49	315,000	4.000%	100,000	6,300		
11/01/49	215,000			4,300	113,600.00	
05/01/50	215,000	4.000%	105,000	4,300		
11/01/50	110,000			2,200	114,400.00	
05/01/51	110,000	4.000%	110,000	2,200		
Total		$	1,825,000  $	1,022,596	$	2,847,596	

Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood  O&M
Units	
Annual Maintenance Assessments	
	
FY 2027	
FY 2026	
Increase/ (decrease)	
Active Adult	519
Residential	1479	
$411.87
$884.35	
$391.89
$841.74	
$19.98
$42.61	
5%
5%	
Total	1998					

Approved Budget Capital Reserve Fund

Adopted Budget FY 2026

Actuals Thru
4/30/26

Projected Next  Projected Thru

Description

	5 Months	

9/30/26

Approved Budget FY 2027

REVENUES:

Interest Income

$	500  $

-  $	150  $

150  $

500

Reserve for Amenities	-	-	-	-	90,000
Capital Reserve Funding	20,000	20,000	-	20,000	20,000
Carry Forward Balance	-	-	-	-	11,602

TOTAL REVENUES	$	20,500  $	20,000  $	150  $	20,150  $	122,102

EXPENDITURES:

Capital Outlay

$	16,000  $

-  $	5,000  $

5,000  $

15,000

Repairs and Replacements	-	-	3,000	3,000	5,000
Other Current Charges	-	148	400	548	960

TOTAL EXPENDITURES	$	16,000  $	148  $	8,400  $	8,548  $	20,960

Other Sources/(Uses)

Transfer in/(Out)

$	-  $

-  $	-  $	-  $	-

EXCESS REVENUES (EXPENDITURES)	$	4,500  $	19,852  $	(8,250)  $	11,602  $	101,142

TOTAL EXPENDITURES	$	16,000  $	148  $	8,400  $	8,548  $	20,960

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

Capital Reserve Study

Description	FY 2027
Reserve Study *	
Reserves Beginning of Year	$	106,530	
Contributions	120,622	
Interest Income	6,320	
Expenditures	16,840	
Anticipated Balance	$	250,312	

Description	FY 2027
Budget	
Reserves Beginning of Year	$	11,602	
Contributions	110,000	
Interest Income	500	
Expenditures	(20,960)	
Anticipated Balance	$	101,142	

Variance Reserve Study vs. Actual	($149,170)

*Refers to the Cypress Bluff CDD Reserve Study Report dated April 24, 2025, page 2-1.

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