Lake Deer
Community Development District

Proposed Budget
FY2026

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Table of Contents

1-2

3-7

8

9

General Fund

General Fund Narrative

Debt Service Fund Series 2022

Amortization Schedule Series 2022

10	Capital Reserve

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

Revenues						
Assessments	$	477,399	$	469,179	$	8,219	$	477,399	$	602,766	

Carry Forward Surplus

$	-	$

-	$	-	$	-	$	-

Total Revenues	$	477,399	$	469,179	$	8,219	$	477,399	$	602,766	

Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	800	
$	7,000	
$	7,800	
$	12,000	
Engineering	$	12,500	$	1,409	$	7,292	$	8,700	$	12,500	
Attorney	$	25,000	$	3,013	$	14,583	$	17,596	$	25,000	
Annual Audit	$	6,000	$	-	$	6,000	$	6,000	$	6,000	
Assessment Administration	$	5,250	$	5,250	$	-	$	5,250	$	5,408	
Arbitrage	$	450	$	450	$	-	$	450	$	450	
Dissemination	$	5,565	$	2,919	$	3,246	$	6,165	$	5,565	
Amortization Schedules	$	-	$	-	$	-	$	-	$	1,000	
Trustee Fees	$	4,500	$	-	$	4,500	$	4,500	$	4,500	
Management Fees	$	42,500	$	17,708	$	24,792	$	42,500	$	45,000	
Information Technology	$	1,890	$	788	$	1,103	$	1,890	$	1,947	
Website Maintenance	$	1,260	$	525	$	735	$	1,260	$	1,298	
Postage & Delivery	$	1,000	$	547	$	583	$	1,131	$	1,000	
Insurance	$	6,429	$	5,981	$	-	$	5,981	$	6,878	
Copies	$	500	$	-	$	292	$	292	$	500	
Legal Advertising	$	2,500	$	-	$	1,458	$	1,458	$	2,500	
Other Current Charges	$	2,000	$	320	$	1,167	$	1,487	$	2,000	
Office Supplies	$	625	$	9	$	365	$	374	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative	$	130,144	$	39,894	$	73,115	$	113,009	$	134,345	

Operations & Maintenance						
Field Expenditures
Property Insurance	
$	10,000	
$	8,878	
$	-	
$	8,878	
$	10,210	
Field Management	$	15,000	$	6,250	$	8,750	$	15,000	$	15,450	
Landscape Maintenancce	$	55,580	$	35,160	$	49,224	$	84,384	$	84,384	
Landscape Replacement	$	10,000	$	6,600	$	2,500	$	9,100	$	10,000	
Lake Maintenance	$	12,600	$	5,250	$	9,800	$	15,050	$	16,800	
Streetlights	$	45,000	$	-	$	10,000	$	10,000	$	45,000	
Electric	$	3,500	$	86	$	175	$	261	$	3,500	
Water & Sewer	$	10,000	$	18,748	$	21,000	$	39,748	$	36,000	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,458	$	1,458	$	2,500	
Irrigation Repairs	$	7,500	$	716	$	4,375	$	5,091	$	7,500	
General Repairs & Maintenance	$	15,000	$	1,403	$	8,750	$	10,153	$	15,000	
Field Contingency	$	7,500	$	31,504	$	4,375	$	35,879	$	10,000	
Subtotal Field Expenditures	$	194,180	$	114,595	$	120,407	$	235,002	$	256,344	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	
Amenity Expenditures
Amenity - Electric	
$	14,400	
$	4,155	
$	5,816	
$	9,971	
$	14,400	
Amenity - Water	$	4,500	$	4,158	$	5,822	$	9,980	$	10,000	
Playground Lease	$	36,375	$	15,153	$	21,219	$	36,371	$	36,366	
Internet	$	2,500	$	325	$	1,458	$	1,783	$	2,500	
Pest Control	$	1,300	$	380	$	758	$	1,138	$	1,300	
Janitorial Services	$	15,000	$	3,313	$	8,750	$	12,063	$	15,000	
Security Services	$	34,000	$	-	$	3,920	$	3,920	$	12,500	
Pool Maintenance	$	15,000	$	11,248	$	18,200	$	29,448	$	32,136	
Amenity Management	$	12,500	$	5,208	$	7,292	$	12,500	$	12,875	
Amenity Repairs & Maintenance	$	10,000	$	-	$	2,500	$	2,500	$	10,000	
Holiday Lighting	$	-	$	-	$	-	$	-	$	7,500	
Amenity Contingency	$	7,500	$	2,756	$	2,500	$	5,256	$	7,500	
Subtotal Amenity Expenditures	$	153,075	$	46,696	$	78,235	$	124,931	$	162,077	
						
Total Operations & Maintenance	$	347,255	$	161,291	$	198,643	$	359,933	$	418,421	
Capital Improvements						

Transfer Out- Capital Reserve	
$		
$		
$		
$		
$	
50,000	
Capital Improvement Expenditures	$	$	$	$	$	50,000	

-	-	-	-

-	-	-	-

Total Expenditures

$

477,399	$

201,184	$

271,758	$

472,942	$

602,766

Excess Revenues/(Expenditures)

$

-	$

267,995	$	(263,539)  $

4,457	$

-

Gross Assessments $	648,135
Discount  $	(45,369) 
Net Assessments $	602,766

Product	
Assessable Units	
Net Assessments	
Net Per Unit	
Gross Per Unit	
Single Family	577	$602,766	$1,044.65	$1,123.28	
	577	$602,766			

Product	
FY2026	
FY2025	Increase/ (Decrease)	
	Single Family	$1,123.28	$889.66	$233.62	

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.

Engineering

The District's engineer, Dewberry Engineering, 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, Kilinski | Van Wyk, 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. The District has an agreement with Grau & Associates.

Assessment Administration

The District has contracted 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 AMTEC to annually calculate the District’s Arbitrage Rebate Liability on its Series 2022 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 contracted with Governmental Management Services – Central Florida, LLC for its Series 2022 bond issuance.

Amortization Schedules

In the event of an Optional Redemption, an additional is incurred for the creation of new revised amortization schedule. The fee is per schedule, per bond issue.

Trustee Fees

The District will incur trustee related costs with the issuance of its Series 2022 bond.
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 with Governmental Management Services – Central Florida LLC of information technology for the District with 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 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.

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.

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s estimated property insurance coverages with Florida Insurance Alliance.

Field Management

Represents the estimated costs of 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.

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.

Lake Maintenance

Represents the estimated costs to maintain the lakes within the District’s boundaries.

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.

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 expenditures 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 playgrounds installed in the community.

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

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.

Amenity Repairs & Maintenance

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

Holiday Lighting

Represents funds allocated to decorate the District for holiday seasons.

Amenity Contingency

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

Lake Deer
Community Development District Proposed Budget
Debt Service Fund Series 2022

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

Revenues						
Assessments - On Roll	$	636,656	$	625,692	$	10,963	$	636,656	$	636,656	
Assessments - Prepayments	$	-	$	1,236,255	$	-	$	1,236,255	$	-	
Assessments - Lot Closing	$	-	$	-	$	-	$	-	$	-	
Interest	$	90,784	$	35,100	$	49,140	$	84,240	$	42,120	
Carryforward Surplus	$	249,601	$	1,026,267	$	-	$	1,026,267	$	757,678	
Total Revenues	$	977,040	$	2,923,314	$	60,104	$	2,983,418	$	1,436,453	

Expenditures						
Interest Payment - 11/01	$	249,303	$	249,303	$	-	$	249,303	$	209,500	
Special Call - 11/01	$	-	$	10,000	$	-	$	10,000	$	-	
Special Call - 02/01	$	-	$	1,335,000	$	-	$	1,335,000	$	-	
Interest Payment - 02/01	$	-	$	18,267	$	-	$	18,267	$	-	
Special Call - 05/01	$	-	$	-	$	15,000	$	15,000	$	-	
Interest Payment - 05/01	$	249,303	$	-	$	115,000	$	115,000	$	209,500	
Principal Payment - 05/01	$	135,000	$	-	$	212,506	$	212,506	$	120,000	
Transfer Out	$	-	$	270,664	$	-	$	270,664	$	-	
Total Expenditures	$	633,606	$	1,883,234	$	342,506	$	2,225,741	$	539,000	
						
Net Change in Fund Balance	$	343,434	$	1,040,080	$	(282,403)	$	757,678	$	897,453	

Interest Payment 11/1/26  $	206,800	

Product	
Assessable Units	Maximum Annual Debt Service	
Net Per Unit	
Gross Per Unit	
Single Family	83	$174,953	$2,108	$2,266.53	
Single Family - Paid Down	342	$461,702	$1,350	$1,451.62	
No Debt	152	$0	$0	$0	
	577	$636,656			

Lake Deer Community Development District Special Assessment Bonds Series 2022
Amortization Schedule

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/25	$	7,630,000.00	$	
05/01/26	$	7,630,000.00	$	120	
11/01/26	$	7,510,000.00	$	
05/01/27	$	7,510,000.00	$	125	
11/01/27	$	7,385,000.00	$	
05/01/28	$	7,385,000.00	$	135	
11/01/28	$	7,250,000.00	$	
05/01/29	$	7,250,000.00	$	140	
11/01/29	$	7,110,000.00	$	
05/01/30	$	7,110,000.00	$	150	
11/01/30	$	6,960,000.00	$	
05/01/31	$	6,960,000.00	$	155	
11/01/31	$	6,805,000.00	$	
05/01/32	$	6,805,000.00	$	165	
11/01/32	$	6,640,000.00	$	
05/01/33	$	6,640,000.00	$	170	
11/01/33	$	6,470,000.00	$	
05/01/34	$	6,470,000.00	$	180	
11/01/34	$	6,290,000.00	$	
05/01/35	$	6,290,000.00	$	190	
11/01/35	$	6,100,000.00	$	
05/01/36	$	6,100,000.00	$	205	
11/01/36	$	5,895,000.00	$	
05/01/37	$	5,895,000.00	$	215	
11/01/37	$	5,680,000.00	$	
05/01/38	$	5,680,000.00	$	225	
11/01/38	$	5,455,000.00	$	
05/01/39	$	5,455,000.00	$	240	
11/01/39	$	5,215,000.00	$	
05/01/40	$	5,215,000.00	$	250	
11/01/40	$	4,965,000.00	$	
05/01/41	$	4,965,000.00	$	265	
11/01/41	$	4,700,000.00	$	
05/01/42	$	4,700,000.00	$	280	
11/01/42	$	4,420,000.00	$	
05/01/43	$	4,420,000.00	$	300	
11/01/43	$	4,120,000.00	$	
05/01/44	$	4,120,000.00	$	315	
11/01/44	$	3,805,000.00	$	
05/01/45	$	3,805,000.00	$	335	
11/01/45	$	3,470,000.00	$	
05/01/46	$	3,470,000.00	$	355	
11/01/46	$	3,115,000.00	$	
05/01/47	$	3,115,000.00	$	375	
11/01/47	$	2,740,000.00	$	
05/01/48	$	2,740,000.00	$	395	
11/01/48	$	2,345,000.00	$	
05/01/49	$	2,345,000.00	$	420	
11/01/49	$	1,925,000.00	$	
05/01/50	$	1,925,000.00	$	440	
11/01/50	$	1,485,000.00	$	
05/01/51	$	1,485,000.00	$	465	
11/01/51	$	1,020,000.00	$	
05/01/52	$	1,020,000.00	$	495	
11/01/52	$	525,000.00	$	
05/01/53	$	525,000.00	$	525	
			$	7,630	

$	209,500.00	$	209,500.00	
$	209,500.00	$	-	
$	206,800.00	$	536,300.00	
$	206,800.00	$	-	
$	203,987.50	$	535,787.50	
$	203,987.50	$	-	
$	200,612.50	$	539,600.00	
$	200,612.50	$	-	
$	197,112.50	$	537,725.00	
$	197,112.50	$	-	
$	193,362.50	$	540,475.00	
$	193,362.50	$	-	
$	189,487.50	$	537,850.00	
$	189,487.50	$	-	
$	185,362.50	$	539,850.00	
$	185,362.50	$	-	
$	180,687.50	$	536,050.00	
$	180,687.50	$	-	
$	175,737.50	$	536,425.00	
$	175,737.50	$	-	
$	170,512.50	$	536,250.00	
$	170,512.50	$	-	
$	164,875.00	$	540,387.50	
$	164,875.00	$	-	
$	158,962.50	$	538,837.50	
$	158,962.50	$	-	
$	152,775.00	$	536,737.50	
$	152,775.00	$	-	
$	146,175.00	$	538,950.00	
$	146,175.00	$	-	
$	139,300.00	$	535,475.00	
$	139,300.00	$	-	
$	132,012.50	$	536,312.50	
$	132,012.50	$	-	
$	124,312.50	$	536,325.00	
$	124,312.50	$	-	
$	115,875.00	$	540,187.50	
$	115,875.00	$	-	
$	107,015.63	$	537,890.63	
$	107,015.63	$	-	
$	97,593.75	$	539,609.38	
$	97,593.75	$	-	
$	87,609.38	$	540,203.13	
$	87,609.38	$	-	
$	77,062.50	$	539,671.88	
$	77,062.50	$	-	
$	65,953.13	$	538,015.63	
$	65,953.13	$	-	
$	54,140.63	$	540,093.75	
$	54,140.63	$	-	
$	41,765.63	$	535,906.25	
$	41,765.63	$	-	
$	28,687.50	$	535,453.13	
$	28,687.50	$	-	
$	14,765.63	$	538,453.13	
$	14,765.63	$	539,765.63	

-
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-
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-
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-
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,000.00  $

7,644,087.50  $

15,274,087.50

Lake Deer
Community Development District
Capital Reserve Fund

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

Revenues							

Carry Forward Surplus	
$	-	$	-	$	-	$	-	$	-	
Interest Income	$	-	$	-	$	-	$	-	$	-	
Total Revenues	$	-	$	-	$	-	$	-	$	-	

Expenditures		
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Other Current Charges	$	-	$	-	$	-	$	-	$	-	
Total Expenses	$	-	$	-	$	-	$	-	$	-	

Other Sources and Uses		
Transfer In	$	-	$	-	$	-	$	-	$	50,000	
Total Other Sources and Uses	$	-	$	-	$	-	$	-	$	50,000	
		
Excess Revenues/(Expenditures)	$	-	$	-	$	-	$	-	$	50,000