Eureka Grove	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

	General Fund

	Narratives

	Debt Service Fund Series 2021

	Amortization Schedule

	Assessment Schedule

Special Assessments - On Roll	
Interest income	
Carry Forward Surplus	

Eureka Grove	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY 2027	

REVENUES:	

$	77,251	

$	76,639	

$	612	

$	77,251	

$	77,251	
	1,960	1,426	574	2,000	1,600	
	-	-	-	-	2,117	
TOTAL REVENUES	$	79,211	$	78,065	$	1,186	$	79,251	$	80,967	

EXPENDITURES:						

Administrative	
Supervisor Fees	
FICA Taxes	
Engineering	
Attorney	
Annual Audit	
Assessment Administration	
Dissemination Agent	
Trustee Fees	
Management Fees	
Website Maintenance	
Postage & Delivery	
Insurance General Liability	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Dues, Licenses & Subscriptions	

$	12,000	$	600	$	4,000.00	$	4,600	$	12,000	
918	46	306	352	918	
2,000	360	1,640	2,000	2,000	
12,000	4,654	7,346	12,000	12,000	
5,500	5,500	-	5,500	5,600	
1,060	1,060	-	1,060	1,124	
1,654	965	689	1,654	1,737	
4,434	4,041	-	4,041	4,444	
28,048	16,361	11,687	28,048	29,731	
1,113	649	464	1,113	1,180	
100	56	44	100	100	
7,609	6,699	-	6,699	7,369	
100	0	99	99	100	
1,500	-	1,500	1,500	1,500	
1,000	488	7,705	8,193	990	
175	175	-	175	175	

TOTAL EXPENDITURES	$	79,211	$	41,654	$	35,480	$	77,134	$	80,967	

EXCESS REVENUES (EXPENDITURES)	$	-	$	36,411	$	(34,295)	$	2,117	$	-	

Description	
Assessable Units	
Net Assessment	
Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	
Increase/ (Decrease)	

Villas	150	$	77,250.67	$	81,316.50	$	542.11	$	542.11	$	-	

Total	150	$  77,250.67	$  81,316.50	

Eureka Grove	
Community Development District	
Budget Narrative	
Fiscal Year 2027	

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	
The District earns interest on the monthly average collected balance for each of their investment accounts.	
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 6 meetings.	
FICA Taxes	
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, 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 to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Roll Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
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.	
Trustee Fees	
The District bonds will be held and administered by a 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-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
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 is based upon similar Community Development Districts.	
Printing and Binding	
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 that incur during the year.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Department of Commerce for $175.	

Eureka Grove	
Community Development District	
Adopted Budget	
Debt Service Series 2021 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	
Interest Earnings	
Carry Forward Surplus (1)	

$	162,000	$	160,207	$	1,793	$	162,000	$	162,000	
5,000	3,809	750	4,559	2,500	
74,851	74,616	-	74,616	78,904	

TOTAL REVENUES	$	241,850	$	238,631	$	2,543	$	241,174	$	243,404	

EXPENDITURES:

Interest - 11/1	
Interest - 5/1	
Principal - 5/1	

$	47,135	$	47,135	$	-	$	47,135	$	46,388	
47,135	-	47,135	47,135	46,388	
65,000	-	65,000	65,000	65,000	

TOTAL EXPENDITURES	$	159,270	$	47,135	$	112,135	$	159,270	$	157,775	

Other Sources/(Uses)

$	(3,000)	$	(1,559)	$	(1,441)	$	(3,000)	$	-	

Transfer In/(Out)

TOTAL OTHER SOURCES/(USES)	$	(3,000)	$	(1,559)	$	(1,441)	$	(3,000)	$	-	

TOTAL EXPENDITURES	$	162,270	$	48,694	$	113,576	$	162,270	$	157,775	

EXCESS REVENUES (EXPENDITURES)	$	79,580	$	189,937	$	(111,033)	$	78,904	$	85,629	

Interest Due 11/1/27	$	45,494	

(1) Carry Forward is Net of Reserve Requirement

Description	
Assessable Units	
Net Assessment	
Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	
Increase/ (Decrease)	

Villas	150	$	162,000	$	170,526	$	1,137	$	1,137	$	-	

Total	150	$	162,000	$	170,526	

Eureka Grove	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	$	2,670,000	2.30%	$	-	$	47,883	$	47,883	
05/01/25	2,670,000	2.30%	65,000	47,883		
11/01/25	2,605,000	2.30%	-	47,135	160,018	
05/01/26	2,605,000	2.30%	65,000	47,135		
11/01/26	2,540,000	2.30%	-	46,388	158,523	
05/01/27	2,540,000	2.75%	65,000	46,388		
11/01/27	2,475,000	2.75%	-	45,494	156,881	
05/01/28	2,475,000	2.75%	70,000	45,494		
11/01/28	2,405,000	2.75%	-	44,531	160,025	
05/01/29	2,405,000	2.75%	70,000	44,531		
11/01/29	2,335,000	2.75%	-	43,569	158,100	
05/01/30	2,335,000	2.75%	70,000	43,569		
11/01/30	2,265,000	2.75%	-	42,606	156,175	
05/01/31	2,265,000	2.75%	75,000	42,606		
11/01/31	2,190,000	2.75%	-	41,575	159,181	
05/01/32	2,190,000	3.50%	75,000	41,575		
11/01/32	2,115,000	3.50%	-	40,263	156,838	
05/01/33	2,115,000	3.50%	80,000	40,263		
11/01/33	2,035,000	3.50%	-	38,863	159,125	
05/01/34	2,035,000	3.50%	80,000	38,863		
11/01/34	1,955,000	3.50%	-	37,463	156,325	
05/01/35	1,955,000	3.50%	85,000	37,463		
11/01/35	1,870,000	3.50%	-	35,975	158,438	
05/01/36	1,870,000	3.50%	85,000	35,975		
11/01/36	1,785,000	3.50%	-	34,488	155,463	
05/01/37	1,785,000	3.50%	90,000	34,488		
11/01/37	1,695,000	3.50%	-	32,913	157,400	
05/01/38	1,695,000	3.50%	95,000	32,913		
11/01/38	1,600,000	3.50%	-	31,250	159,163	
05/01/39	1,600,000	3.50%	95,000	31,250		
11/01/39	1,505,000	3.50%	-	29,588	155,838	
05/01/40	1,505,000	3.50%	100,000	29,588		
11/01/40	1,405,000	3.50%	-	27,838	157,425	
05/01/41	1,405,000	3.50%	105,000	27,838	-	
11/01/41	1,300,000	4.00%	-	26,000	158,838	
05/01/42	1,300,000	4.00%	110,000	26,000	-	
11/01/42	1,190,000	4.00%	-	23,800	159,800	
05/01/43	1,190,000	4.00%	115,000	23,800	-	
11/01/43	1,075,000	4.00%	-	21,500	160,300	
05/01/44	1,075,000	4.00%	115,000	21,500	-	
11/01/44	960,000	4.00%	-	19,200	155,700	
05/01/45	960,000	4.00%	120,000	19,200	-	
11/01/45	840,000	4.00%	-	16,800	156,000	
05/01/46	840,000	4.00%	125,000	16,800	-	
11/01/46	715,000	4.00%	-	14,300	156,100	
05/01/47	715,000	4.00%	130,000	14,300	-	
11/01/47	585,000	4.00%	-	11,700	156,000	
05/01/48	585,000	4.00%	135,000	11,700	-	
11/01/48	450,000	4.00%	-	9,000	155,700	
05/01/49	450,000	4.00%	145,000	9,000	-	
11/01/49	305,000	4.00%	-	6,100	160,100	
05/01/50	305,000	4.00%	150,000	6,100	-	
11/01/50	155,000	4.00%	-	3,100	159,200	
05/01/51	155,000	4.00%	155,000	3,100	158,100	

Total	$	2,670,000	$	1,638,635	$	4,308,635	

Eureka Grove	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds Units
2021	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

Villas	

150	

150	

$542.11	

$542.11	

$0.00	

$1,136.84	

$1,136.84	

$0.00	

$1,678.95	

$1,678.95	

$0.00	
Total	150	150										

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