Hamilton Bluff
Community Development District

Proposed Budget
FY2026

Table of Contents

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General Fund General Fund Narrative Debt Service - Series 2024 Amortization Schedule

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	
Revenues						
Assessments - On Roll	$	555,750	$	84,479	$	311,017	$	395,496	$	648,637	
Boundary Amendment Contributions	$	-	$	34,515	$	-	$	34,515	$	-	
Lot Closings	$	-	$	160,254	$	-	$	160,254	$	-	
Total Revenues	$	555,750	$	279,249	$	311,017	$	590,265	$	648,637	
Expenditures						
General & Administrative
Supervisor Fees	

$	12,000	

$	-	

$	6,000	

$	6,000	

$	12,000	
FICA Expenditures	$	-	$	-	$	459	$	459	$	918	
Engineering	$	10,000	$	2,298	$	5,000	$	7,298	$	10,000	
Attorney	$	25,000	$	13,102	$	12,500	$	25,602	$	25,000	
Annual Audit	$	2,950	$	-	$	3,000	$	3,000	$	3,150	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,150	
Arbitrage	$	450	$	-	$	450	$	450	$	450	
Dissemination	$	5,000	$	5,000	$	2,500	$	7,500	$	5,150	
Disclosure Software	$	-	$	-	$	-	$	-	$	2,500	
Trustee Fees	$	4,050	$	-	$	4,050	$	4,050	$	4,500	
Management Fees	$	38,000	$	19,000	$	19,000	$	38,000	$	39,140	
Information Technology	$	1,890	$	945	$	945	$	1,890	$	1,947	
Website Maintenance	$	1,260	$	630	$	630	$	1,260	$	1,298	
Postage & Delivery	$	1,000	$	458	$	500	$	958	$	1,000	
Insurance	$	6,000	$	5,408	$	-	$	5,408	$	7,434	
Copies	$	500	$	15	$	250	$	265	$	500	
Legal Advertising	$	10,000	$	15,595	$	-	$	15,595	$	5,000	
Boundary Amendment Expenses	$	-	$	27,858	$	-	$	27,858	$	-	
Other Current Charges	$	6,850	$	491	$	654	$	1,145	$	2,000	
Property Taxes	$	-	$	6,657	$	-	$	6,657	$	-	
Office Supplies	$	625	$	6	$	313	$	318	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	130,750	$	97,637	$	56,251	$	153,888	$	127,937	

Operations & Maintenance						
Field Expenditures
Property Insurance	

$	-	

$	-	

$	-	

$	-	

$	13,500	
Field Management	$	-	$	-	$	-	$	-	$	15,000	
Landscape Maintenance	$	-	$	-	$	-	$	-	$	135,000	
Landscape Replacement	$	-	$	-	$	-	$	-	$	12,000	
Streetlights	$	-	$	-	$	-	$	-	$	55,000	
Electric	$	-	$	-	$	-	$	-	$	1,500	
Water & Sewer	$	-	$	-	$	-	$	-	$	35,000	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	7,500	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	12,500	
Field Contingency	$	200,000	$	-	$	-	$	-	$	7,500	
First Quarter Operating Reserve	$	75,000	$	-	$	-	$	-	$	-	
Total Field Expenditures	$	275,000	$	-	$	-	$	-	$	294,500	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Amenity Expenditures Amenity - Electric Amenity - Water Playground Lease Internet
Pest Control Janitorial Service
Amenity Management Security Services
Pool Maintenance
Amenity Repairs & Maintenance Holiday Décor
Contingency

$	-	$
$	-	$
$	100,000	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$

-	$	14,500
-	$	5,500
-	$	55,000
-	$	1,600
-	$	1,100
-	$	13,500
-	$	10,000
-	$	24,000
-	$	26,000
-	$	10,000
-	$	7,500
-	$	7,500

Total Amenity Expenditures	$	100,000	$	-	$	-	$	-	$	176,200

Other Expenditures
Capital Reserves

$	-	$

-	$	-	$

-	$	50,000

Total Other Expenditures	$	-	$	-	$	-	$	-	$	50,000

Total Operations & Maintenance:	$	375,000	$	-	$	-	$	-	$	520,700	
					
Total Expenditures	$	505,750	$	97,637	$	56,251	$	153,888	$	648,637	

Excess Revenues/(Expenditures)	$	50,000	$	181,612	$	254,766	$	436,378	$	-

Net Assessments	$648,637	
Add: Discounts & Collections 7%	$48,822	
Gross Assessments	$697,459	

Product Type	Assessable Units	ERU/Unit	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1 & 2	770	1.00	770.00	$552,601.26	$717.66	$771.68	
Unplatted - Phase 3	451	0.06	26.04	$18,685.03	$41.43	$44.55	
Unplatted - Overlook	1,657	0.06	95.66	$68,649.86	$41.43	$44.55	
Unplatted - Brook Hollow	210	0.06	12.12	$8,700.34	$41.43	$44.55	
	3088		903.82	$648,636.50			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

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

FICA Expenditures

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

Engineering

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. 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.

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.

Arbitrage

The District has contracted with AMTEC to annually calculate the District’s Arbitrage Rebate Liability on its Series 2024 bond issuance and anticipates this cost with future bond issuances.

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. This service is contracted with Governmental Management Services – Central FL LLC for its current Series 2024 bond issuance and anticipated bond issuances.

Disclosure Software

The District has contracted with DTS to provide software platform for filing various reports required in accordance with the Continuing Disclosure Agreements for the various bond issue(s).

Trustee Fees

The District will incur trustee related costs with the issuance of its Series 2024 bond and anticipated issuances with US Bank.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology with Governmental Management Services–Central Florida, LLC for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs with Governmental Management Services–Central Florida LLC 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.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages with Florida Insurance Alliance.

Copies

Printing agenda materials 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. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

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 Expenditures

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails. Governmental Management Services-Central Florida, LLC, provides these services.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain streetlights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting, and other assets.

Field Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground Lease

The District will enter into a leasing agreement for playground installed in the community.

Internet

Internet service will be added for use at the Amenity Facilities.

Pest Control

Represents estimated cost for pest control treatments to its amenity facilities.

Janitorial Services

Represents the estimated costs to provide janitorial services weekly and supplies for the District’s amenity facilities.

Amenity Management

Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Holiday Décor

Represents the estimated cost of adding holiday décor to the District’s entry monuments.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Community Development District Proposed Budget
Series 2024 Debt Service Fund

	Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Proposed
Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Revenues						
Assessments	$  1,330,790	$	331,135	$	388,003	$	719,137	$  1,330,790	
Assessments- Lot Closings	$	-	$	611,653	$	-	$	611,653	$	-	
Interest	$	-	$	38,263	$	19,131	$	57,394	$	28,697	
Carry Forward Surplus (1)	$	691,675	$	675,311	$	-	$	675,311	$	538,343	
Total Revenues	$ 2,022,465	$ 1,656,361	$	407,134	$	2,063,495	$ 1,897,830	

Expenditures						
Interest - 11/1	$	672,749	$	672,749	$	-	$	672,749	$	527,113	
Principal - 5/1	$	270,000	$	-	$	270,000	$	270,000	$	280,000	
Interest - 5/1	$	533,458	$	-	$	533,458	$	533,458	$	527,113	
Total Expenditures	$ 1,476,207	$	672,749	$	803,458	$	1,476,207	$ 1,334,225	

Other Sources/(Uses)						
Transfer In/(Out)	$	-	$	(29,815)	$	(19,131)	$	(48,946)	$	-	
Total Other Sources/(Uses)	$	-	$	(29,815)	$	(19,131)	$	(48,946)	$	-	
						
Excess Revenues/(Expenditures)	$	546,258	$	953,797	$	(415,455)	$	538,343	$	563,605	

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Interest - 11/1  $

520,532.50

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Single Family 40'	341	$596,656	$1,749.72	$1,881.42	
Single Family 40' - Meritage	89	$146,827	$1,649.74	$1,773.91	
Single Family 50'	264	$461,927	$1,749.72	$1,881.42	
Single Family 50' - Meritage	76	$125,380	$1,649.74	$1,773.91	
Total	770	$1,330,790			

Date		Balance		Prinicpal			Interest		Total	
										
11/01/25	$	18,895,000.00	$		-	$	527,112.50	$	1,330,570.00	
05/01/26	$	18,895,000.00	$	280,000.00	$	527,112.50			
11/01/26	$	18,615,000.00	$		-	$	520,532.50	$	1,327,645.00	
05/01/27	$	18,615,000.00	$	295,000.00	$	520,532.50			
11/01/27	$	18,320,000.00	$		-	$	513,600.00	$	1,329,132.50	
05/01/28	$	18,320,000.00	$	310,000.00	$	513,600.00			
11/01/28	$	18,010,000.00	$		-	$	506,315.00	$	1,329,915.00	
05/01/29	$	18,010,000.00	$	325,000.00	$	506,315.00			
11/01/29	$	17,685,000.00	$		-	$	498,677.50	$	1,329,992.50	
05/01/30	$	17,685,000.00	$	340,000.00	$	498,677.50			
11/01/30	$	17,345,000.00	$		-	$	490,687.50	$	1,329,365.00	
05/01/31	$	17,345,000.00	$	355,000.00	$	490,687.50			
11/01/31	$	16,990,000.00	$		-	$	482,345.00	$	1,328,032.50	
05/01/32	$	16,990,000.00	$	375,000.00	$	482,345.00			
11/01/32	$	16,615,000.00	$		-	$	472,032.50	$	1,329,377.50	
05/01/33	$	16,615,000.00	$	395,000.00	$	472,032.50			
11/01/33	$	16,220,000.00	$		-	$	461,170.00	$	1,328,202.50	
05/01/34	$	16,220,000.00	$	420,000.00	$	461,170.00			
11/01/34	$	15,800,000.00	$		-	$	449,620.00	$	1,330,790.00	
05/01/35	$	15,800,000.00	$	440,000.00	$	449,620.00			
11/01/35	$	15,360,000.00	$		-	$	437,520.00	$	1,327,140.00	
05/01/36	$	15,360,000.00	$	465,000.00	$	437,520.00			
11/01/36	$	14,895,000.00	$		-	$	424,732.50	$	1,327,252.50	
05/01/37	$	14,895,000.00	$	490,000.00	$	424,732.50			
11/01/37	$	14,405,000.00	$		-	$	411,257.50	$	1,325,990.00	
05/01/38	$	14,405,000.00	$	520,000.00	$	411,257.50			
11/01/38	$	13,885,000.00	$		-	$	396,957.50	$	1,328,215.00	
05/01/39	$	13,885,000.00	$	550,000.00	$	396,957.50			
11/01/39	$	13,335,000.00	$		-	$	381,832.50	$	1,328,790.00	
05/01/40	$	13,335,000.00	$	580,000.00	$	381,832.50			
11/01/40	$	12,755,000.00	$		-	$	365,882.50	$	1,327,715.00	
05/01/41	$	12,755,000.00	$	615,000.00	$	365,882.50			
11/01/41	$	10,805,000.00	$		-	$	348,970.00	$	1,329,852.50	
05/01/42	$	10,080,000.00	$	650,000.00	$	348,970.00			
11/01/42	$	10,080,000.00	$		-	$	331,095.00	$	1,330,065.00	
05/01/43	$	10,080,000.00	$	685,000.00	$	331,095.00			
11/01/43	$	10,080,000.00	$		-	$	312,257.50	$	1,328,352.50	
05/01/44	$	10,080,000.00	$	725,000.00	$	312,257.50			
11/01/44	$	10,080,000.00	$		-	$	292,320.00	$	1,329,577.50	
05/01/45	$	10,080,000.00	$	765,000.00	$	292,320.00			
11/01/45	$	9,315,000.00	$		-	$	270,135.00	$	1,327,455.00	
05/01/46	$	9,315,000.00	$	810,000.00	$	270,135.00			

Date		Balance		Prinicpal		Interest		Total	

11/01/46	
$	
8,505,000.00	
$	
-	
$	
246,645.00	
$	
1,326,780.00	
05/01/47	$	8,505,000.00	$	860,000.00	$	246,645.00			
11/01/47	$	7,645,000.00	$	-	$	221,705.00	$	1,328,350.00	
05/01/48	$	7,645,000.00	$	910,000.00	$	221,705.00			
11/01/48	$	6,735,000.00	$	-	$	195,315.00	$	1,327,020.00	
05/01/49	$	6,735,000.00	$	965,000.00	$	195,315.00			
11/01/49	$	5,770,000.00	$	-	$	167,330.00	$	1,327,645.00	
05/01/50	$	5,770,000.00	$	1,025,000.00	$	167,330.00			
11/01/50	$	4,745,000.00	$	-	$	137,605.00	$	1,329,935.00	
05/01/51	$	3,660,000.00	$	1,085,000.00	$	137,605.00			
11/01/51	$	3,660,000.00	$	-	$	106,140.00	$	1,328,745.00	
05/01/52	$	2,510,000.00	$	1,150,000.00	$	106,140.00			
11/01/52	$	2,510,000.00	$	-	$	72,790.00	$	1,328,930.00	
05/01/53	$	1,290,000.00	$	1,220,000.00	$	72,790.00			
11/01/53	$	1,290,000.00	$	-	$	37,410.00	$	1,330,200.00	
05/01/54	$	-	$	1,290,000.00	$	37,410.00	$	1,327,410.00	
			$	18,895,000.00	$	20,159,985.00	$	39,858,442.50