Anabelle Island

Community Development District

Approved Budget
FY 2027

Presented by:

Table of Contents

1-2

3-5

6

7

	General Fund

	Narratives

	Debt Service Fund Series 2022

	Amortization Schedule Series 2022

8		Assessment Schedule

REVENUES:		
Special Assessments	$	277,488	$	275,650	$	1,838	$	277,488	$	277,488	
Developer Contribution	150,838	53,465	111,992	165,457	212,974	
Interest income	500	1,170	500	1,670	500	
Other Income	-	315	-	315	-	
TOTAL REVENUES	$	428,826	$	330,600	$	114,331	$	444,930	$	490,962	

EXPENDITURES:						
Administrative						
Supervisors Fees	$	6,000	$	800	$	1,200	$	2,000	$	6,000	
FICA Taxes	459	61	92	153	459	
Engineering	5,000	5,390	4,610	10,000	10,000	
Attorney	35,000	17,486	14,500	31,986	46,000	
Arbitrage Rebate	700	1,800	-	1,800	450	
Assessment Roll Administration	5,899	5,899	-	5,899	6,253	
Dissemination Agent	4,129	2,409	1,721	4,129	4,377	
Annual Audit	5,800	5,800	-	5,800	5,900	
Trustee Fees	5,200	5,230	-	5,230	5,720	
Management Fees	55,745	32,518	23,227	55,745	59,089	
Website Maintenance	1,260	735	525	1,260	1,336	
Information Technology	1,890	1,103	788	1,890	2,003	
Telephone	300	79	221	300	300	
Postage	500	551	450	1,001	1,000	
Insurance General Liability	6,729	6,340	-	6,340	6,974	
Printing	500	403	97	500	500	
Legal Advertising	2,500	335	1,500	1,835	2,500	
Other Current Charges	700	463	450	913	1,000	
Office Supplies	100	2	98	100	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	138,586	$	87,579	$	49,477	$	137,057	$	160,136	

Operations & Maintenance						
Ground Maintenance						
Electric	$	3,000	$	1,162	$	1,700	$	2,862	$	2,780	
Reclaimed Water	18,000	10,767	11,000	21,767	21,520	
Repairs & Maintenance	5,000	780	4,220	5,000	5,000	
Field Operations Management	15,000	8,750	7,500	16,250	18,000	
Landscape - Contract	118,520	58,569	50,202	108,771	122,074	
Landscape - Contingency	10,000	16,953	10,000	26,953	25,000	
Lake Maintenance	11,040	6,440	5,520	11,960	11,040	
Irrigation Repairs	10,000	6,932	3,068	10,000	10,000	
TOTAL GROUND MAINTENANCE	$	190,560	$	110,354	$	93,209	$	203,563	$	215,414	

Amenity Center						
Insurance	$	11,840	$	18,386	$	-	$	18,386	$	17,467	
Facility Attendant	-	-	-	-	5,000	
Internet	1,000	-	1,000	1,000	1,000	
Electric	9,000	7,463	7,000	14,463	13,450	
Water & Sewer/Irrigation	7,500	2,640	3,500	6,140	5,410	
Refuse Service	2,000	1,435	1,266	2,701	2,120	
Access Cards	2,000	-	2,000	2,000	2,000	
Janitorial Maintenance	12,840	7,490	6,420	13,910	13,610	
Janitorial Supplies	4,000	-	2,000	2,000	4,000	
Pool Maintenance	16,050	9,363	6,688	16,050	17,013	
Pool Chemicals	10,700	6,242	4,458	10,700	11,342	
Pool Permit	500	-	500	500	500	
Facility Maintenance	7,500	1,997	5,503	7,500	8,300	
Repairs & Maintenance	10,000	-	5,000	5,000	10,000	
Special Events	2,000	-	2,000	2,000	2,000	
Holiday Decorations	1,000	-	1,000	1,000	1,000	
Office Supplies	200	-	200	200	200	
Pest Control	1,550	380	380	760	1,000	
TOTAL AMENITY CENTER	$	99,680	$	55,396	$	48,915	$	104,311	$	115,412	
						
TOTAL EXPENDITURES	$	428,826	$	253,329	$	191,601	$	444,930	$	490,962	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	77,270	$	(77,270)	$	-	$	-	

REVENUES

Special Assessments
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. The assessments will be collected by the Clay County Tax Collectors Office.

Developer Contribution
The District will collect from the Developer for unplatted lots of the District.

Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - Administrative

Supervisors Fees
Chapter 190, The Florida Statutes, allows each Board member to receive $200 per meeting not to exceed $4,800 per year per supervisor for the time devoted to District business and meetings.

FICA Taxes
Represents the Employer’s share of Social Security and Medicare taxes withheld from the Board of Supervisors checks.
Engineering
The District will be providing general engineering services to the District, e.g., attendance and preparation for monthly board meetings, review invoices, etc.

Attorney
The District's legal counsel, Kilinski Van Wyk, PLLC, will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review of operating & maintenance contracts, etc.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District's Series 2022 Special Assessment Revenue Bonds. American Municipal Tax-Exempt Compliance Corp. (AMTEC) serves as the District's tax compliance agent.

Assessment Roll Administration
The District has contracted with Governmental Management Services, LLC for the certification and collection of the District's annual maintenance and debt service assessments. Assessments on platted lots are collected by agreement with Clay County, while unplatted assessments may be collected directly by the District and/or by the County Tax Collector.
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 Securities 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.

Annual Audit

Vendor
GMS

Description
Dissemination Agent

Monthly	Annual
$	365 $	4,377

The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm, Grau and Associates. The budgeted amount for the fiscal year is based on contracted fees from the previous year's engagement plus an anticipated increase.
Trustee Fees
The District bonds will be held and administered by a US Bank Trustee. This represents the trustee annual fee.
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.
Telephone
Internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings, including agenda packages, vendor checks, budgets, audit reports, and other correspondence.

Expenditures - Administrative (continued)

Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium.
Printing
Copies used in the preparation of agenda packages, required mailings, and other special projects.
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 incurred 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 – Ground Maintenance

Electric
Clay Electric provides electric services for the District. The cost of electric is associated with the following accounts:
Location	Meter #	Monthly	Annual

2504 Block Island Pkwy	9259178	$

120  $

1,440

2942 Windsor Lakes Way	9259179	70	840
Contingency		500 
Total $	190  $	2,780

Reclaimed Water
Cost of reclaimed irrigation service from Clay County Utility Authority used by the district. The District has the following meters:
Location	Meter #	Monthly	Annual	
2719 Windsor Lake	A00052464	$	80	$	960	
2946 Windsor Lakes Way	A00052466	500	6,000	
2750 Windsor Lakes Way	A00052463	60	720	
2997 Monroe Lakes Terrace	A00059121	60	720	
2523 Block Island Parkway	A00059123	950	11,400	
2371 Dallas Creek Lane	A00061593	60	720	
Contingency		1,000 

Repairs & Maintenance

Total $

1,710  $

21,520

Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.
Field Operations Management
The District is contracted with Governmental Management Services, LLC to provide onsite field management of contracts for District services such as landscape and lake maintenance. Services include weekly site inspections, meetings with contractors, monitoring of utility accounts, attending Board meetings, and receiving and responding to property owner phone calls and emails.
Vendor	Description	Monthly	Annual

Landscape - Contract

GMS, LLC	Management Fees  $

1,500  $

18,000

The District is contracted with United Land Services (ULS Operating, LLC) to maintain the common areas of the District, including tree removals, tree trimmings, additional mulching, and new projects and replacements.
Service	Monthly	Annual	
Phase IA	$	3,103	$	37,236	
Phase IB	4,298	51,576	
Amenity Center	1,220	14,640	
Mulch	18,622	
Total $	8,621	$  122,074	

Anabelle Island
Community Development District
Budget Narrative Fiscal Year 2027

Expenditures – Ground Maintenance (continued)

Landscape - Contingency
Estimated costs for other landscape maintenance incurred by the District.
Lake Maintenance
The District is under contract with The Lake Doctors, Inc. for the maintenance of the 12 ponds at the District.
Irrigation Repairs
Estimated miscellaneous irrigation maintenance and repair costs.

Expenditures – Amenity Center

Insurance
The District's property insurance policy is with Florida Insurance Alliance (FIA), which specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.
Facility Attendant
The District has contracted with GMS, LLC to provide community facility staff for the Amenity Center to greet patrons, provide facility tours, issue access cards, and enforce policies.
Internet
Estimated costs for Internet service at the Amenity Center.

Electric
Clay Electric provides electric services for the District. The cost of electric is associated with the following accounts:
Location	Meter #	Monthly	Annual

2355 Dallas Creek Ln	9259177	$

1,100  $

13,200

Contingency	250
Total	$	13,450
Water & Sewer/Irrigation
Estimated costs for water, sewer, and irrigation services provided to the District.

Location	Meter #	Monthly	Annual	
2355 Dallas Creek Ln Amenity Cntr	A00060740	$	350	$	4,200	
2355 Dallas Creek Irrigation	A00060741	80	960	
Contingency		250	
	Total $	430	$	5,410	
Refuse Service
The cost for refuse removal service provided by GMS, LLC.
Access Cards
Entry cards are issued to all CDD residents for facility access.
Janitorial Maintenance
Estimated costs for janitorial services for the Amenity Center.
Janitorial Supplies
Estimated costs for janitorial supplies for the Amenity Center.
Pool Maintenance
Estimated cost to maintain the Amenity Center swimming pools.
Pool Chemicals
The District will contract with GMS, LLC to provide chemicals necessary for the maintenance of the Amenity Center swimming pool.
Pool Permit
Represents Permit Fees paid to the Department of Health for the swimming pool.
Facility Maintenance
The District has contracted with GMS, LLC for the administration of maintenance contracts for swimming pools, landscapes, and lakes, as well as for reservation services for District facilities and maintenance of the recreation access system.

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 throughout the Fiscal Year.
Holiday Decorations
Represents estimated costs for the District to decorate the Amenity Center for the holidays.
Office Supplies
Office supplies for the Amenity Center.
Pest Control
The district has contracted with Harvey Pest Management for monthly pest control services and termites services.

Anabelle Island
Community Development District
Approved Budget
Debt Service Series 2022 Special Assessment Revenue Bonds

	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	$	346,860	$	344,562	$	2,298	$	346,860	$	346,860	
Interest Earnings	2,000		8,391		3,000		11,391	5,000	
Carry Forward Surplus (1)	152,928		154,161		-		154,161	165,062	
TOTAL REVENUES	$	501,788	$	507,114	$	5,298	$	512,412	$	516,922	

EXPENDITURES:									
Interest Expense 11/1	$	106,175	$	106,175	$	-	$	106,175	$	104,353	
Interest Expense 5/1	106,175		-		106,175		106,175	104,353	
Principal Expense 5/1	135,000		-		135,000		135,000	140,000	
TOTAL EXPENDITURES	$	347,350	$	106,175	$	241,175	$	347,350	$	348,705	

Other Sources/(Uses)									
Interfund transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
									
TOTAL EXPENDITURES	$	347,350	$	106,175	$	241,175	$	347,350	$	348,705	
									
EXCESS REVENUES (EXPENDITURES)	$	154,438	$	400,939	$	(235,877)	$	165,062	$	168,217	

(1) Carry Forward is Net of Reserve Requirement				
Interest Due 11/1/27	
$	102,463	

AMORTIZATION SCHEDULE
Debt Service Series 2022 Special Assessment Revenue Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/26	5,675,000	2.700%			104,353		
05/01/27	5,675,000	2.700%	140,000		104,353	348,705.00	
11/01/27	5,535,000	2.700%			102,463		
05/01/28	5,535,000	3.100%	140,000		102,463	344,925.00	
11/01/28	5,395,000	3.100%			100,293		
05/01/29	5,395,000	3.100%	145,000		100,293	345,585.00	
11/01/29	5,250,000	3.100%			98,045		
05/01/30	5,250,000	3.100%	150,000		98,045	346,090.00	
11/01/30	5,100,000	3.100%			95,720		
05/01/31	5,100,000	3.100%	155,000		95,720	346,440.00	
11/01/31	4,945,000	3.100%			93,318		
05/01/32	4,945,000	3.100%	160,000		93,318	346,635.00	
11/01/32	4,785,000	3.100%			90,838		
05/01/33	4,785,000	3.500%	165,000		90,838	346,675.00	
11/01/33	4,620,000	3.500%			87,950		
05/01/34	4,620,000	3.500%	170,000		87,950	345,900.00	
11/01/34	4,450,000	3.500%			84,975		
05/01/35	4,450,000	3.500%	180,000		84,975	349,950.00	
11/01/35	4,270,000	3.500%			81,825		
05/01/36	4,270,000	3.500%	185,000		81,825	348,650.00	
11/01/36	4,085,000	3.500%			78,588		
05/01/37	4,085,000	3.500%	190,000		78,588	347,175.00	
11/01/37	3,895,000	3.500%			75,263		
05/01/38	3,895,000	3.500%	195,000		75,263	345,525.00	
11/01/38	3,700,000	3.500%			71,850		
05/01/39	3,700,000	3.500%	205,000		71,850	348,700.00	
11/01/39	3,495,000	3.500%			68,263		
05/01/40	3,495,000	3.500%	210,000		68,263	346,525.00	
11/01/40	3,285,000	3.500%			64,588		
05/01/41	3,285,000	3.500%	220,000		64,588	349,175.00	
11/01/41	3,065,000	3.500%			60,738		
05/01/42	3,065,000	3.500%	225,000		60,738	346,475.00	
11/01/42	2,840,000	3.500%			56,800		
05/01/43	2,840,000	4.000%	235,000		56,800	348,600.00	
11/01/43	2,605,000	4.000%			52,100		
05/01/44	2,605,000	4.000%	245,000		52,100	349,200.00	
11/01/44	2,360,000	4.000%			47,200		
05/01/45	2,360,000	4.000%	255,000		47,200	349,400.00	
11/01/45	2,105,000	4.000%			42,100		
05/01/46	2,105,000	4.000%	265,000		42,100	349,200.00	
11/01/46	1,840,000	4.000%			36,800		
05/01/47	1,840,000	4.000%	275,000		36,800	348,600.00	
11/01/47	1,565,000	4.000%			31,300		
05/01/48	1,565,000	4.000%	290,000		31,300	352,600.00	
11/01/48	1,275,000	4.000%			25,500		
05/01/49	1,275,000	4.000%	300,000		25,500	351,000.00	
11/01/49	975,000	4.000%			19,500		
05/01/50	975,000	4.000%	310,000		19,500	349,000.00	
11/01/50	665,000	4.000%			13,300		
05/01/51	665,000	4.000%	325,000		13,300	351,600.00	
11/01/51	340,000	4.000%			6,800		
05/01/52	340,000	4.000%	340,000		6,800	353,600.00	
Total		$	5,675,000	$	3,380,930	$	9,055,930	

Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	O&M Units	Bonds 2022
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
	
FY 2027	
FY 2026	Increase/ (decrease)	
FY 2027	
FY 2026	Increase/ (decrease)	

SF - Tax Roll	

369	

369	

$800.00	

$800.00	

$0.00	

$1,000.00	

$1,000.00	

$0.00	

Gross Assessments			
$295,200.00	
$295,200.00	
$0.00	
$369,000.00	
$369,000.00	
$0.00	
Less: Discount	4.00%		$11,808.00	$11,808.00	$0.00	$14,760.00	$14,760.00	$0.00	
Less: Commission fees	2.00%		$5,904.00	$5,904.00	$0.00	$7,380.00	$7,380.00	$0.00	
Direct Bill - Unplatted			$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
Net Assessments	$277,488.00	$277,488.00	$0.00	$346,860.00	$346,860.00	$0.00