Bella Collina
Community Development District

Adopted Budget FY2027

Table of Contents

1-2	General Fund	

3-5	

General Fund Narrative	

6	

Capital Reserve Fund (GF)	

7	

Debt Service Fund Series 2004	

8	

Amortization Schedule Series 2004	

9	

Debt Service Fund Series 2024	

10	

Amortization Schedule Series 2024	

11-12	

Water & Sewer Fund	

13-18	

Water & Sewer Narrative	

19-20	

Capital Reserve Fund (WSF)	

Bella Collina
Community Development District Adopted Budget
FY2027
General Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	200,649	$	172,307	$	28,343	$	200,649	$	200,649	
Interest	5,000	5,589	2,300	7,889	5,000	
Carry Forward Surplus	3,056	203	-	203	16,938	
Total Revenues	$	208,705	$	178,098	$	30,643	$	208,741	$	222,587	
Expenditures:						
Administrative:						
Supervisor Fees	$	8,000	$	4,600	$	3,000	$	7,600	$	8,000	
FICA Expense	612	352	230	581	612	
Engineering Fees	8,000	5,628	2,820	8,448	8,000	
Attorney	15,000	10,520	5,260	15,780	15,000	
Arbitrage	900	600	-	600	1,200	
Dissemination	6,335	4,573	2,112	6,685	6,652	
Annual Audit	2,325	-	2,700	2,700	2,775	
Trustee Fees	7,000	7,300	-	7,300	7,300	
Assessment Administration	6,953	6,953	-	6,953	7,301	
Management Fees	60,120	40,080	20,040	60,120	63,126	
Information Technology	1,947	1,298	649	1,947	2,044	
Website Maintenance	1,298	865	433	1,298	1,363	
Telephone	50	-	25	25	50	
Postage	1,500	638	196	834	1,500	
Printing & Binding	500	317	63	380	500	
Insurance	11,662	10,516	-	10,516	11,568	
Legal Advertising	3,000	516	2,484	3,000	3,000	
Other Current Charges	200	52	50	102	200	
Office Supplies	200	19	31	50	200	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative:	$	135,777	$	95,002	$	40,092	$	135,094	$	140,566	
Operations & Maintenance						
Field Management	$	26,430	$	17,620	$	8,810	$	26,430	$	27,752	
Pond Maintenance	36,498	24,672	12,166	36,838	39,270	
Stormwater Repairs & Maintenance	10,000	10,379	-	10,379	15,000	
Total Operations & Maintenance:	$	72,928	$	52,671	$	20,976	$	73,647	$	82,022	
						
Total Expenditures	$	208,705	$	147,674	$	61,068	$	208,742	$	222,587	
						
Excess Revenues (Expenditures)	$	0	$	30,425	$	(30,425)	$	(0)	$	0	

Net Assessment	$200,649	
Collection Cost (6%)	$12,807	
Gross Assessment	$213,457	

1

Bella Collina
Community Development District

Gross Per Unit Assessment Chart

	FY2027		

Product Type	
EAU	
Units	Total
EAU	% of
EAU	Total
Assessments	Per Unit Gross
Assessments	
Commercial	1.00	91	90.80	4.78%	$10,170	$112	
Single-Family	2.00	866	1732.00	91.26%	$194,850	$225	
Condo's	0.75	100	74.99	3.95%	$8,437	$84	
Water & Sewer Standby Fees	----	319	----	----	$62,205	$195	
			1897.79	100.00%	$275,662		

FY2026					

Product Type	
EAU	
Units	Total
EAU	% of
EAU	Total
Assessments	Per Unit Gross
Assessments	
Commercial	1.00	91	90.80	4.78%	$10,170	$112	
Single-Family	2.00	866	1732.00	91.26%	$194,850	$225	
Condo's	0.75	100	74.99	3.95%	$8,437	$84	
Water & Sewer Standby Fees	----	436	----	----	$85,020	$195	
			1897.79	100.00%	$298,477		

2

REVENUES:

Assessments – Tax Collector

The District will levy a non-ad valorem special assessment on all the assessable property within the District in order to fund all operating and maintenance expenditures during the fiscal year. These assessments are billed on tax bills.

Interest

The District will invest surplus funds with State Board of Administration.

EXPENDITURES:

Administrative:

Supervisors Fees

Chapter 190 of the Florida Statutes allows for each member of the Board of Supervisors to be compensated $200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. The amount is based on 5 supervisors attending 8 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering Fees

The District's engineer, Boyd Civil Engineering, Inc., will be providing general engineering services to the District, e.g. attendance and preparation for board meetings, review of invoices, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Latham, Luna, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for board meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2004 & Series 2024 Special Assessment Bonds. The District has contracted with Grau & Associates for this service.

Description	Fee	
2004 Special Assessment	$600
2024 Special Assessment	$600	
Total	$1,200	

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. The District has contracted with Governmental Management Services-Central Florida, LLC for this service on the Series 2004 Special Assessment Bonds and the Series 2024 Special Assessment Bonds.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with DiBartolomeo, McBee, Hartley & Barnes, P.A. for this service.

Trustee Fees

The District will pay annual trustee fees for the Series 2004 & Series 2024 Special Assessment Bonds that are deposited with a Trustee at Regions Bank.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for 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.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.

Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Commerce for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Management

Provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Pond Maintenance

The District will maintain the dry ponds within the District. The District has contracted with Thompson’s Nursery for this service.

Description	Monthly	Annual	
Pond Maintenance	$3,273	$39,270	
Total		$39,270	

Stormwater Repairs & Maintenance

Represents estimated costs for storm structure maintenance, dry pond erosion repairs and pipe repairs & maintenance.

Capital Reserve - General Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
Transfer In	$	-	$	-	$	-	$	-	$	-	
Interest	20,000	14,542	6,000	20,542	18,000	
Total Revenues	$	20,000	$	14,542	$	6,000	$	20,542	$	18,000	

Expenditures:						
Contingency	$	600	$	395	$	180	$	575	$	600	
Capital Outlay	-	56,105	35,000	91,105	-	
Total Expenditures	$	600	$	56,500	$	35,180	$	91,680	$	600	
						
Excess Revenues (Expenditures)	$	19,400	$	(41,958)	$	(29,180)	$	(71,138)	$	17,400	
						
Fund Balance - Beginning	$	572,833	$	573,894	$	-	$	573,894	$	502,756	
						
Fund Balance - Ending	$	592,233	$	531,936	$	(29,180)	$	502,756	$	520,156	

Debt Service Fund Series 2004

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
Special Assessments		$	1,269,901	$	1,095,481	$	174,420	$	1,269,901	$	1,269,901	
Interest		48,000	27,392	9,100	36,492	28,000	
Carry Forward Surplus 1		305,893	307,352	-	307,352	274,507	
Total Revenues		$	1,623,794	$	1,430,224	$	183,520	$	1,613,745	$	1,572,408	

Expenditures:							
Series 2004							
Interest - 11/01		$	273,125	$	273,125	$	-	$	273,125	$	250,269	
Special Call - 11/01		-	70,000	-	70,000	-	
Principal - 05/01		725,000	720,000	-	720,000	760,000	
Interest - 05/01		273,125	271,113	-	271,113	250,269	
Special Call - 05/01		-	5,000	-	5,000	-	
Total Expenditures		$	1,271,250	$	1,339,238	$	-	$	1,339,238	$	1,260,538	
							
Excess Revenues (Expenditures)		$	352,544	$	90,987	$	183,520	$	274,507	$	311,871	

1 Carry forward surplus is net of Reserves							
					Interest - 11/1/2027	$228,419	
					Total	$228,419	
					
Net Assessment	
$1,269,901	
					Collection Cost (6%)	$81,058	
					Gross Assessment	$1,350,959	
							
			Total	% of	Total	Per Unit	
Property Type	EAU	Units	EAU	EAU	Assessments	Gross Assessments	
Commercial	1.00	90.8	90.80	4.98%	$67,296	$741	
Single Family	2.00	866	1732.00	95.02%	$1,283,663	$1,482	
Total			1822.80	100.00%	$1,350,959		

Community Development District Series 2004 Special Assessment Bonds Debt Service Schedule

AMORTIZATION SCHEDULE

Date	Balance	Rate	Principal	Interest	Total	
						
11/01/26	$8,705,000.00	5.750%	$0.00	$250,268.75	$250,268.75	
05/01/27	$8,705,000.00	5.750%	$760,000.00	$250,268.75		
11/01/27	$7,945,000.00	5.750%	$0.00	$228,418.75	$1,238,687.50	
05/01/28	$7,945,000.00	5.750%	$805,000.00	$228,418.75		
11/01/28	$7,140,000.00	5.750%	$0.00	$205,275.00	$1,238,693.75	
05/01/29	$7,140,000.00	5.750%	$850,000.00	$205,275.00		
11/01/29	$6,290,000.00	5.750%	$0.00	$180,837.50	$1,236,112.50	
05/01/30	$6,290,000.00	5.750%	$905,000.00	$180,837.50		
11/01/30	$5,385,000.00	5.750%	$0.00	$154,818.75	$1,240,656.25	
05/01/31	$5,385,000.00	5.750%	$955,000.00	$154,818.75		
11/01/31	$4,430,000.00	5.750%	$0.00	$127,362.50	$1,237,181.25	
05/01/32	$4,430,000.00	5.750%	$1,015,000.00	$127,362.50		
11/01/32	$3,415,000.00	5.750%	$0.00	$98,181.25	$1,240,543.75	
05/01/33	$3,415,000.00	5.750%	$1,075,000.00	$98,181.25		
11/01/33	$2,340,000.00	5.750%	$0.00	$67,275.00	$1,240,456.25	
05/01/34	$2,340,000.00	5.750%	$1,135,000.00	$67,275.00		
11/01/34	$1,205,000.00	5.750%	$0.00	$34,643.75	$1,236,918.75	
05/01/35	$1,205,000.00	5.750%	$1,205,000.00	$34,643.75	$1,239,643.75	
			$8,705,000.00	$2,694,162.50	$11,399,162.50	

Community Development District Adopted Budget
FY2027
Debt Service Fund Series 2024

Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
Special Assessments		$	770,134	$	664,356	$	105,778	$	770,134	$	770,134	
Interest		18,000	17,169	5,250	22,419	18,000	
Carry Forward Surplus 1		327,398	315,714	-	315,714	338,689	
Total Revenues		$	1,115,532	$	997,239	$	111,028	$	1,108,267	$	1,126,823	

Expenditures:							
Series 2024							
Interest - 11/01		$	297,289	$	297,289	$	-	$	297,289	$	293,570	
Principal - 05/01		175,000	175,000	-	175,000	185,000	
Interest - 05/01		297,289	297,289	-	297,289	293,570	
Total Expenditures		$	769,578	$	769,578	$	-	$	769,578	$	772,140	
							
Excess Revenues (Expenditures)		$	345,954	$	227,661	$	111,028	$	338,689	$	354,683	

1 Carry forward surplus is net of Reserves							
					Interest - 11/1/2027	$289,639	
					Total	$289,639	
					
Net Assessment	
$770,133	
					Collection Cost (6%)	$49,157	
					Gross Assessment	$819,291	
							
			Total	% of	Total	Per Unit	
Property Type	EAU	Units	EAU	EAU	Assessments	Gross Assessments	
Condo	0.75	99.99	74.99	4.13%	$33,875	$339	
Commercial	1.00	90.8	90.80	5.01%	$41,014	$452	
Single Family	2.00	824	1648.00	90.86%	$744,402	$903	
Total			1813.79	100.00%	$819,291		

Bella Collina Community Development District
Series 2024, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date		Balance	Principal	Interest		Annual	
							
11/1/26	$	11,510,000	$	-	$	293,570	$	293,570.00	
5/1/27	$	11,510,000	$	185,000	$	293,570	$	-	
11/1/27	$	11,325,000	$	-	$	289,639	$	768,208.75	
5/1/28	$	11,325,000	$	195,000	$	289,639	$	-	
11/1/28	$	11,130,000	$	-	$	285,495	$	770,133.75	
5/1/29	$	11,130,000	$	200,000	$	285,495	$	-	
11/1/29	$	10,930,000	$	-	$	281,245	$	766,740.00	
5/1/30	$	10,930,000	$	210,000	$	281,245	$	-	
11/1/30	$	10,720,000	$	-	$	276,783	$	768,027.50	
5/1/31	$	10,720,000	$	220,000	$	276,783	$	-	
11/1/31	$	10,500,000	$	-	$	272,108	$	768,890.00	
5/1/32	$	10,500,000	$	230,000	$	272,108	$	-	
11/1/32	$	10,270,000	$	-	$	266,358	$	768,465.00	
5/1/33	$	10,270,000	$	240,000	$	266,358	$	-	
11/1/33	$	10,030,000	$	-	$	260,358	$	766,715.00	
5/1/34	$	10,030,000	$	255,000	$	260,358	$	-	
11/1/34	$	9,775,000	$	-	$	253,983	$	769,340.00	
5/1/35	$	9,775,000	$	265,000	$	253,983	$	-	
11/1/35	$	9,510,000	$	-	$	247,358	$	766,340.00	
5/1/36	$	9,510,000	$	280,000	$	247,358	$	-	
11/1/36	$	9,230,000	$	-	$	240,358	$	767,715.00	
5/1/37	$	9,230,000	$	295,000	$	240,358	$	-	
11/1/37	$	8,935,000	$	-	$	232,983	$	768,340.00	
5/1/38	$	8,935,000	$	310,000	$	232,983	$	-	
11/1/38	$	8,625,000	$	-	$	225,233	$	768,215.00	
5/1/39	$	8,625,000	$	325,000	$	225,233	$	-	
11/1/39	$	8,300,000	$	-	$	217,108	$	767,340.00	
5/1/40	$	8,300,000	$	340,000	$	217,108	$	-	
11/1/40	$	7,960,000	$	-	$	208,608	$	765,715.00	
5/1/41	$	7,960,000	$	360,000	$	208,608	$	-	
11/1/41	$	7,600,000	$	-	$	199,608	$	768,215.00	
5/1/42	$	7,600,000	$	380,000	$	199,608	$	-	
11/1/42	$	7,220,000	$	-	$	190,108	$	769,715.00	
5/1/43	$	7,220,000	$	395,000	$	190,108	$	-	
11/1/43	$	6,825,000	$	-	$	180,233	$	765,340.00	
5/1/44	$	6,825,000	$	420,000	$	180,233	$	-	
11/1/44	$	6,405,000	$	-	$	169,733	$	769,965.00	
5/1/45	$	6,405,000	$	440,000	$	169,733	$	-	
11/1/45	$	5,965,000	$	-	$	158,073	$	767,805.00	
5/1/46	$	5,965,000	$	465,000	$	158,073	$	-	
11/1/46	$	5,500,000	$	-	$	145,750	$	768,822.50	
5/1/47	$	5,500,000	$	490,000	$	145,750	$	-	
11/1/47	$	5,010,000	$	-	$	132,765	$	768,515.00	
5/1/48	$	5,010,000	$	515,000	$	132,765	$	-	
11/1/48	$	4,495,000	$	-	$	119,118	$	766,882.50	
5/1/49	$	4,495,000	$	545,000	$	119,118	$	-	
11/1/49	$	3,950,000	$	-	$	104,675	$	768,792.50	
5/1/50	$	3,950,000	$	575,000	$	104,675	$	-	
11/1/50	$	3,375,000	$	-	$	89,438	$	769,112.50	
5/1/51	$	3,375,000	$	605,000	$	89,438	$	-	
11/1/51	$	2,770,000	$	-	$	73,405	$	767,842.50	
5/1/52	$	2,770,000	$	640,000	$	73,405	$	-	
11/1/52	$	2,130,000	$	-	$	56,445	$	769,850.00	
5/1/53	$	2,130,000	$	670,000	$	56,445	$	-	
11/1/53	$	1,460,000	$	-	$	38,690	$	765,135.00	
5/1/54	$	1,460,000	$	710,000	$	38,690	$	-	
11/1/54	$	750,000	$	-	$	19,875	$	768,565.00	
5/1/55	$	750,000	$	750,000	$	19,875	$	-	
11/1/55	$	-	$	-	$	-	$	769,875.00	
Totals			$ 11,510,000	$ 11,058,188	$ 22,568,187.50	

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
Water Utility Revenue
Monthly Potable Water Consumption	
$	265,000	
$	239,318	
$	120,000	
$	359,318	
$	350,000	
Monthly Wastewater Consumption	425,000	320,115	160,000	480,115	475,000	
Monthly Irrigation Consumption	685,000	457,136	220,000	677,136	675,000	
Special Assessments	71,487	57,044	11,144	68,188	58,473	
Application Fees	-	2,625	500	3,125	-	
Miscellaneous Revenue	50,000	64,201	12,000	76,201	50,000	
Interest	18,000	26,072	8,050	34,122	18,000	
Total Revenues	$	1,514,487	$	1,166,511	$	531,694	$	1,698,205	$	1,626,473	
Expenditures:						
Administrative:						
Engineering Fees	$	75,000	$	103,816	$	44,000	$	147,816	$	125,000	
Attorney	15,500	540	3,335	3,875	15,500	
Annual Audit	2,325	-	2,700	2,700	2,775	
Management Fees	17,177	11,451	5,726	17,177	18,036	
Information Technology	1,298	865	433	1,298	1,363	
Postage	3,000	1,870	892	2,762	3,000	
Printing & Binding	100	-	50	50	100	
Other Current Charges	1,200	1,851	900	2,751	3,000	
Office Supplies	750	346	200	546	750	
Dues, Licenses & Subscriptions	5,300	-	5,300	5,300	5,300	
Total Administrative:	$	121,650	$	120,740	$	63,536	$	184,275	$	174,824	

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Operations & Maintenance		
Field Management	$	75,000	$	50,000	$	25,000	$	75,000	$	83,679	
Property Insurance	85,162	82,340	7,500	89,840	60,000	
Telephone/Internet	7,940	7,135	2,168	9,303	7,140	
Electric	82,470	51,453	31,017	82,470	118,500	
Trash Removal	6,200	4,080	2,389	6,469	7,500	
Landscape Maintenance	10,902	7,268	3,634	10,902	11,730	
Pond Maintenance	1,400	888	444	1,332	1,400	
Repairs & Maintenance	250,000	139,769	60,000	199,769	160,000	
Repairs & Maintenance - Grinder Pumps	150,000	178,227	70,000	248,227	252,000	
Grinder Pump Preventative Maintenance	40,000	52,610	13,500	66,110	76,800	
Water Plant Services (General Utilities)	50,000	43,393	15,400	58,793	47,376	
Wastewater Plant Services (General Utilities)	110,000	89,791	39,200	128,991	141,120	
Irrigation Plant Services	31,200	-	7,800	7,800	31,200	
Water & Sewer Field Operations	32,000	-	32,000	32,000	32,000	
Sludge Disposal	15,000	35,067	6,500	41,567	50,000	
Utility Contractual Services	75,000	50,000	25,000	75,000	85,000	
Fuel Expense	6,000	6,272	1,500	7,772	8,000	
Wastewater Testing & Analysis	25,000	18,245	7,920	26,165	25,000	
Operating Systems Maintenance	15,000	13,688	3,895	17,583	52,380	
Generator Maintenance	6,000	10,827	-	10,827	15,000	
Lighting	10,000	-	2,500	2,500	10,000	
Operating Supplies	75,000	41,523	20,762	62,285	85,000	
Total Operations & Maintenance:	$	1,159,274	$	882,576	$	378,128	$	1,260,704	$	1,360,825	
Reserves						
Capital Reserve Transfer	$	233,563	$	233,563	$	-	$	233,563	$	90,824	
Total Reserves	$	233,563	$	233,563	$	-	$	233,563	$	90,824	
						
Total Expenditures	$	1,514,487	$	1,236,879	$	441,664	$	1,678,542	$	1,626,472	
						
Excess Revenues (Expenditures)	$	-	$	(70,367)	$	90,030	$	19,662	$	0	
				
Net Assessment	
$58,473	
				Collection Cost (6%)	$3,732	
				Gross Assessment	$62,205	
				
Undeveloped Lots	
319	
				Per Lot Special Assessments	$195	

REVENUES:

Monthly Potable Water Consumption Represents estimated potable water revenue. Monthly Wastewater Consumption Represents estimated wastewater revenue. Monthly Irrigation Consumption
Represents estimated irrigation revenue.

Assessments – Tax Collector

The District will levy a non-ad valorem special assessment on all the assessable property within the District in order to fund all operating and maintenance expenditures during the fiscal year. These assessments are billed on tax bills.

Application Fees

Represents estimated application fees collected for new connections and resident applications.

Miscellaneous Revenue

Represents miscellaneous revenues collected that include late fees, disconnection and reconnection fees, illegal tampering fees, wastewater system clean out fees, etc.

Interest

The District will invest surplus funds with State Board of Administration.

EXPENDITURES:

Administrative:

Supervisors Fees

Chapter 190 of the Florida Statutes allows for each member of the Board of Supervisors to be compensated $200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. The amount is based on 5 supervisors attending 8 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering Fees

The District's engineer, Boyd Environmental Engineering, Inc., will be providing general engineering services to the District, e.g. attendance and preparation for board meetings, review of invoices, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Latham, Luna, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for board meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with DiBartolomeo, McBee, Hartley & Barnes, P.A. for this service.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Postage

The District incurs charges for the mailing of monthly utility billing, notices, annual consumer reports, checks for vendors and other required correspondence.

Printing & Binding

Printing of monthly utility billing, notices, annual consumer reports, disconnection notices, etc.

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for utility billing supplies that need to be purchased during the fiscal year.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Environmental Protection and the Florida Rural Water Association. These are the only expenses under this category for the District.

Operations & Maintenance:

Field Management

Provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections to the Pine Island Water Treatment Plant, Pine Island Wastewater Treatment Plant and Hillcrest Water Treatment Plant, meetings with utility system vendors, and receive and respond to property owner phone calls and emails.

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Telephone/Internet

Represents estimated costs for internet services to water and wastewater plants. This service is provided by Spectrum.

Account#	Address	Monthly	Annual	
Spectrum				
8337 13 055	17500 Cavallo Drive Water Treatment Plant	$210	$2,520	
0827952				
8337 13 055	17500 Cavallo Drive Waste Water Treatment	$175	$2,100	
0811832	Facility			
8337 13 055	15601 Vetta Drive Hill Crest Water Treatment	$210	$2,520	
0811824	Plant			
Total			$7,140	

Electric

Represents estimated costs for electric services to water and wastewater plants, streetlights on Cavallo Drive and booster pump. The District will be opening 7 new accounts in late FY2026. This service is provided by Duke Energy.

Account#	Address	Monthly	Annual	
9100 8856 0529	15601 Vetta Dr. Hillcrest Treatment Plant	$1,350	$16,200	
9100 8856 0363	17447 Cavallo Dr. Streetlighting	$140	$1,680	
9100 8856 0412	15900 Pendio Dr. Well 2	$685	$8,220	
9100 8856 0446	17500 Cavallo Dr. Water Treatment Plant	$2,000	$24,000	
	17510 Cavallo Dr. Waste Water Treatment	$2,225	$26,700	
9100 8856 0488	Plant			
9100 8856 0503	15340 Pendio Dr. Well 1	$430	$5,160	
9101 9323 7340	17500 Cavallo Dr. Booster Pump	$245	$2,940	
	Contingency		$33,600	
Total			$118,500	

Trash Removal

Represents estimated costs for trash and rubbish removal of miscellaneous items, dumpster contract services. This service is provided by Waste Management.

Description	Monthly	Annual	
Trash Removals Contingency	$583	$6,996
$504	
Total		$7,500	

Landscape Maintenance

The District will maintain the landscaping in areas surrounding the water plant. The District has contracted with Thompson’s Nursery for this service.

Description	Monthly	Annual	
Landscape Maintenance	$978	$11,730	
Total		$11,730	

Pond Maintenance

The District will maintain the Wastewater Treatment Plant pond within the District. The District has contracted with Applied Aquatic Management for this service.

Description	Monthly	Annual	
Pond Maintenance Contingency	$111	$1,332
$68	
Total		$1,400	

Repairs & Maintenance

Represents estimated costs for any repairs and maintenance to utility areas maintained by the District. Services include meter box replacements, minor leak repairs, whip locations and extensions, meter replacements, etc.

Repairs & Maintenance – Grinder Pumps

Represents estimated costs for any repairs and maintenance to the grinder pumps. Services include response to grinder pump alarms, grinder station clean outs, etc.

Grinder Pump Preventative Maintenance

Represents estimated costs for complete preventative maintenance on the grinder stations to lower overall annual maintenance costs and reduce after hours emergency services. Servies to include, but not limited to, checking operating parameters, replacing underperforming components, performance tests on grinder pumps, level switches and alarms, removal of prohibited items, cleaning of individual components and reviewing compliance in operational directives with residences.

Water Plant Services

Represents costs to operate the District’s water plants. The District has contracted with General Utilities for this service.

Description	Monthly	Annual	
Pine Island Water Plant	$2,100	$25,200	
Hillcrest Water Plant	$1,190	$14,280	
Contingency		$7,896	
Total		$47,376	

Wastewater Plant Services

Represents costs to operate the District’s wastewater plant. The District has contracted with General Utilities for this service.

Description	Monthly	Annual	
Pine Island Wastewater Plant	$9,800	$117,600	
Contingency		$23,520	
Total		$141,120	

Irrigation Plant Services

The District will oversee final design, construction, testing and commissioning of the new irrigation system. The services include review and comment of design drawings and operation controls login, in field construction support, start up and testing, operations training and system commissioning.

Water & Sewer Field Operations

Services include sewer line flushing, fire hydrant flushing, sewer & water valve testing, sewer system pressure monitoring, water & irrigation ARV inspection and other non-maintenance related field services.

Sludge Disposals

Represents estimated cost of sludge disposal when requirements have been met.

Utility Contractual Services

Represents monthly utility billing, opening/closing utility accounts, payment collection, addressing resident inquiries, preparation of disconnection notices, data log reporting, new meter creation or meter replacement in billing system, ordering/scheduling of grinder pump installations, onsite inspections and logging of illegal connections, etc.

Fuel Expense

Represents estimated cost of fuel to be purchased for the District’s back up generators.

Wastewater Testing & Analysis

Represents estimated cost incurred during the fiscal year for testing and analysis of the wastewater treatment facility per the FDEP permit #FLA 297631-005.

Operating Systems Maintenance

Represents estimated cost incurred during the fiscal year for maintenance of mechanical, electrical and computer operating systems.

Description	Monthly	Annual	
Main Lift Station Only - 8 Months	$800	$6,400	
Main Lift Station & Siena List Station - 4 Months	$1,495	$5,980	
HillCrest			
Well 1 Maintenance		$7,500	
Well 2 Maintenance		$7,500	
Pine Island			
Well 1 Maintenance		$7,500	
Well 2 Maintenance		$7,500	
Contingency - Various Equipment		$10,000	
Total	$52,380	

Generator Maintenance

Represents estimated costs incurred during the fiscal year for semi-annual service on four generators located at Well #1, Pine Island Water Plant, Pine Island Sewer Plant and the Hillcrest Water Plant.

Lighting

Represents estimated cost for any lighting supplies and repairs to the water treatment plants, wastewater plants and wells.

Operating Supplies

Represents estimated cost for any purchase of utility operating supplies such as barrel lock for curb stops, curb stops, meter boxes, brass couplers, poly pipe, chlorine gas, etc.

Capital Reserve Transfer

Represents estimated revenue to transfer to Capital Reserve – Water & Sewer Fund.

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	5/31/26	4 Months	9/30/26	FY2027	

Revenues:		
Transfer In	$	233,563	$	233,563	$	-	$	233,563	$	90,824	
Interest	48,000	49,206	20,000	69,206	48,000	
Total Revenues	$	281,563	$	282,769	$	20,000	$	302,769	$	138,824	

Expenditures:						
Contingency	$	600	$	405	$	195	$	600	$	600	
Capital Outlay	499,500	445,778	187,174	632,952	636,600	
Total Expenditures	$	500,100	$	446,183	$	187,369	$	633,552	$	637,200	
						
Excess Revenues (Expenditures)	$	(218,537)	$	(163,414)	$	(167,369)	$	(330,783)	$	(498,376)	
						
Fund Balance - Beginning	$	1,818,829	$	1,943,700	$	-	$	1,943,700	$	1,612,916	
						
Fund Balance - Ending	$	1,600,292	$	1,780,285	$	(167,369)	$	1,612,916	$	1,114,541	

FY2026 Updated Expenses	
Description	Amount	

New Back Panel w/BRX PLC, Panel Replacements, Lift Station Alarms	
$	61,550	
Air Release Valve (ARV) Installation - 7 Sites	52,988	
Flushing System	35,000	
Lowering Sewer Standpipes - Install Cleanouts	25,000	
System Programming & Hardware - Internet	15,000	
Qty. 2 Transmitters & 2 Transducers	10,767	
Qty.12 Blue Discharge Hose & 6 Fire Adapters	6,046	
Modify Flow Sensing for Wells & HSPs	3,500	
Flushing Trailer	2,640	
Pine Island Water & Sewer Plant		
Reclaim Pump #2	$	45,960	
Sewer - Additional RAS Pump Replacement	24,600	
Overflow Pipe - Supermate From Digester to Surge Tank	15,000	
Chlorine Booster Multistage Pump & 3 HP Motor #5SV9NF4F60 eSV	8,690	
20HP 3 Phase Motor & Pulleys	5,300	
Upgrade Influent Splitter Box	5,000	
Teledyne ISCO Model 913 Power Pack/Wastewater Samplers	2,384	
Sewer - Plant Tank Wall Repairs	137,600	
Sub Total	$	244,534	
Hillcrest Water Plant		
Water - Ground Storage Tank Transducer Replacement	$	6,355	
Water - Ground Storage Tank Hydro-Ranger Replacement	4,412	
Water - Chlorine Booster Pump #2	6,500	
Replace Hillcrest Flat Roof	20,000	
Hipower Standby Generator Model HDI 80 6U/License/Pad	75,160	
Water - High Service Pump & Motor Replacement (Qty.2)	60,000	
Sub Total	$	172,427	
Total	$	632,952	

FY2027 Adopted Expenses	
Description	Amount	

Air Release Valve (ARV) Installation - 10 Sites	
57,512	
Hillcrest Water Treatment Plant		
High Service Pump Re-Build (2)	$	35,000	
Paint Building	15,000	
Chlorine Booster Pump & Analyzer Parts	14,000	
Sub Total	$	64,000	
Pine Island Water Treatment Plant		
High Service Pump Re-Build	$	35,000	
Chlorine Booster Pump & Analyzer Parts	14,000	
Ultrasonic Level Detectors (2)	9,000	
2" RPZ Replacement	7,000	
Sub Total	$	65,000	
Pine Island Wastewater Treatment Plant		
Storage Building - Construction	$	150,000	
Tank Wall Repairs for 2 Aeration Tanks	102,900	
Water - High Service Pump & Motor Replacement (Qty.2)	60,000	
Thank Wall Repairs for Surge Tank	72,608	
Tank Wall Repairs for Clarifier	41,580	
Storage Building - Engineering/Design Fees	10,000	
Flooring Replacement	10,000	
Zero Turn Mower	3,000	
Sub Total	$	450,088	
Total	$	636,600