Woodland Ranch Estates
Community Development District

Proposed Budget
FY2026

6M3

Table of Contents

1-2

3-6

7

General Fund

General Fund Narrative

Debt Service Fund - Series 2025

8	Amortization Schedule - Series 2025

	

Description	Adopted Budget FY2025	Actuals Thru 2/28/25	Projected Next
7 Months	Projected Thru 9/30/25	Proposed Budget FY2026	

Revenues							
Assessments	$	-	$	-	$	-	$	-	$	525,081	
Developer Contributions	$	294,510	$	27,167	$	135,270	$	162,436	$	-	
Total Revenues	$	294,510	$	27,167	$	135,270	$	162,436	$	525,081	

Expenditures						
General & Administrative						
Supervisor Fees	$	12,000	$	-	$	7,000	$	7,000	$	12,000	
FICA Expense	$	-	$	-	$	536	$	536	$	918	
Engineering Fees	$	15,000	$	125	$	10,000	$	10,125	$	15,000	
Attorney Fees	$	25,000	$	4,127	$	5,778	$	9,904	$	25,000	
Annual Audit	$	4,000	$	-	$	3,100	$	3,100	$	4,200	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,000	
Arbitrage	$	450	$	-	$	-	$	-	$	450	
Dissemination Fees	$	5,000	$	-	$	2,917	$	2,917	$	5,000	
Trustee Fees	$	4,100	$	-	$	-	$	-	$	6,125	
Management Fees	$	37,500	$	15,625	$	21,875	$	37,500	$	38,625	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,854	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,236	
Postage & Delivery	$	1,000	$	2	$	350	$	352	$	1,000	
Insurance	$	5,000	$	5,200	$	-	$	5,200	$	5,980	
Copies	$	1,000	$	250	$	350	$	600	$	1,000	
Legal Advertising	$	20,000	$	1,010	$	5,364	$	6,374	$	5,000	
Contingencies	$	5,000	$	204	$	285	$	489	$	2,500	
Office Supplies	$	625	$	5	$	35	$	40	$	625	
Travel Per Diem	$	660	$	-	$	125	$	125	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative	$	144,510	$	27,973	$	59,464	$	87,436	$	132,348	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Operations & Maintenance Field Expenditures					
Property Insurance	$	-	$	-	$	-	$	-	$	30,000	
Field Management	$	-	$	-	$	-	$	-	$	15,000	
Landscape Maintenance	$	-	$	-	$	-	$	-	$	99,540	
Landscape Replacement	$	-	$	-	$	-	$	-	$	15,000	
Streetlights	$	-	$	-	$	-	$	-	$	33,770	
Electric	$	-	$	-	$	-	$	-	$	7,260	
Water & Sewer	$	-	$	-	$	-	$	-	$	50,000	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	2,500	
Irrigation Repairs	$	-	$	-	$	-	$	-	$	10,000	
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	10,000	
Contingency	$	150,000	$	-	$	75,000	$	75,000	$	7,500	
Subtotal Field Expenditures	$	150,000	$	-	$	75,000	$	75,000	$	280,570	

Amenity Expenditures
Amenity - Electric	

$	-	

$	-	$	-	

$	-	

$	15,863	
Amenity - Water	$	-	$	-	$	-	$	-	$	12,000	
Internet	$	-	$	-	$	-	$	-	$	2,000	
Pest Control	$	-	$	-	$	-	$	-	$	1,200	
Janitorial Services	$	-	$	-	$	-	$	-	$	9,300	
Security Services	$	-	$	-	$	-	$	-	$	20,000	
Pool Mainteance	$	-	$	-	$	-	$	-	$	16,800	
Amenity Repairs & Maintenance	$	-	$	-	$	-	$	-	$	10,000	
Amenity Management	$	-	$	-	$	-	$	-	$	10,000	
Holiday Decorations	$	-	$	-	$	-	$	-	$	7,500	
Contingency	$	-	$	-	$	-	$	-	$	7,500	
Subtotal Amenity Expenditures	$	-	$	-	$	-	$	-	$	112,163	

Total Operations & Maintenance	$	150,000	$	-	$	75,000	$	75,000	$	392,733	
						
Total Expenditures	$	294,510	$	27,973	$	134,464	$	162,436	$	525,081	
						
Excess Revenues/(Expenditures)	$	-	$	(806)	$	806	$	-	$	-	

	Net Assessments	$	525,081	
	Add: Discounts & Collections 7%	$	39,522	
	Gross Assessments	$	564,603	

Product	
Assessable Units	

ERU	

Total ERU's	

Net Assessment	

Net Per Unit	

Gross Per Unit	
Platted	344	1.00	344.00	$	525,081	$	1,526.40	$	1,641.29	
Total Tax Roll	344		344.00	$	525,081			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance 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.

Engineering

The District's engineer will be providing 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 will be providing 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 will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

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 cost is based upon an anticipated bond issuance.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

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 costs related to the 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

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.

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.

Printing & Binding

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

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. 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.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

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

Field Services:

Property Insurance

The District’s property insurance coverages.

Field Management

The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of contracts for the District such as landscape 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.

Landscape Maintenance

The District has a contract with Prince & Sons, Inc. to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing of turf areas, pruning and trimming, plant bed weed control, fertilization and irrigation inspections.

Landscape Replacement

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

Streetlights

Represents the cost to maintain street lights 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.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Field Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year.

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.

Internet

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

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

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

Security Services

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

Pool Maintenance

Represents estimated 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.

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.
Holiday Decorations

Holiday Decorations

Represents estimated costs for Holiday Decorations of the District

Contingency

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

Woodland Ranch Estates
Community Development District Proposed Budget
Debt Service Fund Series 2025

Proposed Budget
Description	FY2025	Actuals Thru 2/28/25	Projected Next
7 Months	Projected Thru 9/30/25	Proposed Budget FY2026	

Revenues				
Assessments - Direct	$	-	$	-	$	164,524	$	164,524	$	412,793	
Carry Forward Surplus (1)	$	-	$	-	$	-	$	-	$	164,524	
Total Revenues	$	-	$	-	$	164,524	$	164,524	$	577,317	

Expenditures				
Interest - 11/1	$	-	$	-	$	-	$	-	$	164,524	
Principal - 5/1	$	-	$	-	$	-	$	-	$	85,000	
Interest - 5/1	$	-	$	-	$	79,520	$	79,520	$	164,524	
Total Expenditures	$	-	$	-	$	79,520	$	79,520	$	414,048	
Other Sources/(Uses)				

Bond Proceeds	
$	-	$	492,314	
$	-	
$	492,314	
$	-	
Total Other Sources/(Uses)	$	-	$	492,314	$	-	$	492,314	$	-	

Excess Revenues/(Expenditures)	$	-	$	492,314	$	85,004	$	577,317	$	163,270

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

Interest - 11/1  $

162,547.50

Product	
Assessable Units	Maximum Annual Debt Service	
Net Per Unit	
Gross Per Unit	
Single Family - Phase 1	308	$	369,594	$	1,199.98	$	1,290.30	
Single Family - Phase 2	36	$	43,199	$	1,199.98	$	1,290.30	
Total Tax Roll	344	$	412,793			

Woodland Ranch Estates Community Development District Series 2025 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

05/01/25	$	5,925,000.00	$	
11/01/25	$	5,925,000.00	$	
05/01/26	$	5,925,000.00	$	85	
11/01/26	$	5,840,000.00	$	
05/01/27	$	5,840,000.00	$	85	
11/01/27	$	5,755,000.00	$	
05/01/28	$	5,755,000.00	$	90	
11/01/28	$	5,665,000.00	$	
05/01/29	$	5,665,000.00	$	95	
11/01/29	$	5,570,000.00	$	
05/01/30	$	5,570,000.00	$	100	
11/01/30	$	5,470,000.00	$	
05/01/31	$	5,470,000.00	$	105	
11/01/31	$	5,255,000.00	$	
05/01/32	$	5,255,000.00	$	110	
11/01/32	$	5,255,000.00	$	
05/01/33	$	5,255,000.00	$	115	
11/01/33	$	5,140,000.00	$	
05/01/34	$	5,140,000.00	$	120	
11/01/34	$	5,020,000.00	$	
05/01/35	$	5,020,000.00	$	130	
11/01/35	$	4,890,000.00	$	
05/01/36	$	4,890,000.00	$	135	
11/01/36	$	4,755,000.00	$	
05/01/37	$	4,755,000.00	$	145	
11/01/37	$	4,610,000.00	$	
05/01/38	$	4,610,000.00	$	155	
11/01/38	$	4,455,000.00	$	
05/01/39	$	4,455,000.00	$	160	
11/01/39	$	4,295,000.00	$	
05/01/40	$	4,295,000.00	$	170	
11/01/40	$	4,125,000.00	$	
05/01/41	$	4,125,000.00	$	180	
11/01/41	$	3,755,000.00	$	
05/01/42	$	3,120,000.00	$	190	
11/01/42	$	3,120,000.00	$	
05/01/43	$	3,120,000.00	$	200	
11/01/43	$	3,120,000.00	$	
05/01/44	$	3,120,000.00	$	210	
11/01/44	$	3,120,000.00	$	
05/01/45	$	3,120,000.00	$	225	
11/01/45	$	3,120,000.00	$	
05/01/46	$	3,120,000.00	$	240	
11/01/46	$	2,880,000.00	$	
05/01/47	$	2,880,000.00	$	250	
11/01/47	$	2,630,000.00	$	
05/01/48	$	2,630,000.00	$	265	
11/01/48	$	2,365,000.00	$	
05/01/49	$	2,365,000.00	$	285	
11/01/49	$	2,080,000.00	$	
05/01/50	$	2,080,000.00	$	300	
11/01/50	$	1,780,000.00	$	
05/01/51	$	1,780,000.00	$	315	
11/01/51	$	1,465,000.00	$	
05/01/52	$	1,465,000.00	$	335	
11/01/52	$	1,130,000.00	$	
05/01/53	$	1,130,000.00	$	355	
11/01/53	$	775,000.00	$	
05/01/54	$	775,000.00	$	375	
11/01/54	$	400,000.00	$	
05/01/55	$	400,000.00	$	400	
			
$	5,925	

$	79,519.81		
$	164,523.75	$	244,043.56	
$	164,523.75		
$	162,547.50	$	412,071.25	
$	162,547.50		
$	160,571.25	$	408,118.75	
$	160,571.25		
$	158,478.75	$	409,050.00	
$	158,478.75		
$	156,270.00	$	409,748.75	
$	156,270.00		
$	153,945.00	$	410,215.00	
$	153,945.00		
$	151,503.75	$	410,448.75	
$	151,503.75		
$	148,946.25	$	410,450.00	
$	148,946.25		
$	145,755.00	$	409,701.25	
$	145,755.00		
$	142,425.00	$	408,180.00	
$	142,425.00		
$	138,817.50	$	411,242.50	
$	138,817.50		
$	135,071.25	$	408,888.75	
$	135,071.25		
$	131,047.50	$	411,118.75	
$	131,047.50		
$	126,746.25	$	412,793.75	
$	126,746.25		
$	122,306.25	$	409,052.50	
$	122,306.25		
$	117,588.75	$	409,895.00	
$	117,588.75		
$	112,593.75	$	410,182.50	
$	112,593.75		
$	107,321.25	$	409,915.00	
$	107,321.25		
$	101,771.25	$	409,092.50	
$	101,771.25		
$	95,943.75	$	407,715.00	
$	95,943.75		
$	89,700.00	$	410,643.75	
$	89,700.00		
$	82,800.00	$	412,500.00	
$	82,800.00		
$	75,612.50	$	408,412.50	
$	75,612.50		
$	67,993.75	$	408,606.25	
$	67,993.75		
$	59,800.00	$	412,793.75	
$	59,800.00		
$	51,175.00	$	410,975.00	
$	51,175.00		
$	42,118.75	$	408,293.75	
$	42,118.75		
$	32,487.50	$	409,606.25	
$	32,487.50		
$	22,281.25	$	409,768.75	
$	22,281.25		
$	11,500.00	$	408,781.25	
$	11,500.00	$	411,500.00	

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