Lake Deer
Community Development District

Proposed Budget
FY 2027

Table of Contents

1-2

3-7

8

9

General Fund

General Fund Narrative

Debt Service Fund Series 2022

Amortization Schedule Series 2022

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	

Revenues						
Assessments	$	552,766	$	547,474	$	5,291	$	552,766	$	590,271	
Interest Income	-	3,121	3,121	6,243	-	
Carry Forward Surplus	-	-	-	-	8,572	
Total Revenues	$	552,766	$	550,596	$	8,413	$	559,009	$	598,843	

Expenditures						
General & Administrative						
Supervisor Fees	$	12,000	$	3,200	$	6,000	$	9,200	$	12,000	
FICA Expense	738	245	492	737	738	
Engineering	12,500	2,050	6,250	8,300	12,500	
Attorney	25,000	3,326	12,500	15,826	20,000	
Annual Audit	6,000	-	5,800	5,800	6,000	
Assessment Administration	5,408	5,408	-	5,408	5,678	
Arbitrage	450	-	450	450	450	
Dissemination	5,565	450	2,783	3,233	5,843	
Amortization Schedules	1,000	2,783	-	-	1,000	
Trustee Fees	4,500	-	4,500	4,500	4,500	
Management Fees	45,000	22,500	22,500	45,000	47,250	
Information Technology	1,947	974	973	1,947	2,044	
Website Maintenance	1,298	649	649	1,298	1,363	
Postage & Delivery	1,000	921	500	1,421	1,000	
Insurance	6,878	6,340	-	6,340	6,974	
Copies	500	-	250	250	500	
Legal Advertising	2,500	3,133	500	3,633	2,500	
Other Current Charges	1,262	167	631	798	1,262	
Office Supplies	625	12	313	325	625	
Reserve Study	-	-	-	-	6,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total General & Administrative	$	134,345	$	52,332	$	65,090	$	114,640	$	138,402	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	
Operations & Maintenance						
Field Expenditures
Property Insurance	
$	10,210	
$	9,607	
$	-	
$	9,607	
$	9,127	
Field Management	15,450	7,725	7,725	15,450	16,223	
Landscape Maintenancce	84,384	42,192	42,192	84,384	100,584	
Landscape Replacement	10,000	4,265	5,000	9,265	15,000	
Lake Maintenance	16,800	9,670	10,680	20,350	22,980	
Streetlights	45,000	22,256	22,500	44,756	45,000	
Electric	3,500	196	1,750	1,946	3,500	
Water & Sewer	36,000	8,923	18,000	26,923	36,000	
Sidewalk & Asphalt Maintenance	2,500	-	1,250	1,250	2,500	
Irrigation Repairs	7,500	1,245	2,500	3,745	5,000	
General Repairs & Maintenance	15,000	1,005	7,500	8,505	10,000	
Field Contingency	10,000	2,766	5,000	7,766	10,000	
Subtotal Field Expenditures	$	256,344	$	109,850	$	124,097	$	233,947	$	275,914	

Amenity Expenditures
Amenity - Electric	

$	14,400	

$	12,110	

$	7,200	

$	19,310	

$	27,500	
Amenity - Water	10,000	10,057	5,000	15,057	18,000	
Playground Lease	36,366	18,183	18,183	36,366	36,366	
Internet	2,500	671	693	1,363	1,320	
Pest Control	1,300	450	650	1,100	1,080	
Janitorial Services	15,000	5,540	7,500	13,040	15,000	
Security Services	12,500	3,388	6,250	9,638	12,500	
Pool Maintenance	32,136	15,600	16,068	31,668	32,040	
Amenity Management	12,875	6,438	6,438	12,875	13,261	
Amenity Repairs & Maintenance	10,000	-	5,000	5,000	10,000	
Holiday Lighting	7,500	7,460	-	7,460	7,460	
Amenity Contingency	7,500	1,280	3,750	5,030	10,000	
Subtotal Amenity Expenditures	$	162,077	$	81,176	$	76,731	$	157,907	$	184,527	
						
Total Operations & Maintenance	$	418,421	$	191,026	$	200,828	$	391,854	$	460,441	
						
Total Expenditures	$	552,766	$	243,358	$	265,918	$	506,494	$	598,843	
						
Excess Revenues/(Expenditures)	$	-	$	307,238	$	(257,505)	$	52,515	$	-	
				
Gross Assessments	
$	634,700	
Discount  $	(44,429) 
Net Assessments $	590,271

Product	
Assessable Units	
Net Assessments	
Net Per Unit	
Gross Per Unit	
Single Family	577	$590,271	$1,023.00	$1,100.00	
	577	$590,271			

Product	
FY2027	
FY2026	Increase/ (Decrease)	
	Single Family	$1,100.00	$1,030.11	$69.89	

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 Expense

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

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

Description	Adopted Budget
FY2026	Actuals Thru
3/31/26	Projected Next
6 Months	Projected Thru
9/30/26	Adopted Budget
FY2027	

Revenues						
Assessments - On Roll	$	542,703	$	537,524	$	5,179	$	542,703	$	542,703	
Interest	$	57,595	$	8,671	$	12,139	$	20,810	$	10,405	
Carryforward Surplus	$	788,628	$	739,816	$	-	$	739,816	$	1,293,587	
Total Revenues	$	1,388,926	$	1,815,268	$	17,318	$	1,832,587	$	1,846,695	

Expenditures						
Interest Payment - 11/01	$	209,500	$	209,500	$	-	$	209,500	$	206,800	
Interest Payment - 05/01	$	209,500	$	-	$	209,500	$	209,500	$	206,800	
Principal Payment - 05/01	$	120,000	$	-	$	120,000	$	120,000	$	125,000	

Transfer Out	
$	-	
$	-	
$	-	
$	-	
$	-	
Total Expenditures	$	539,000	$	209,500	$	329,500	$	539,000	$	538,600	
						
Net Change in Fund Balance	$	849,926	$	1,605,768	$	(312,182)	$	1,293,587	$	1,308,095	

Interest Payment 11/1/27  $	203,988	

Product	
Assessable Units	Maximum Annual Debt Service	
Net Per Unit	
Gross Per Unit	
Single Family	402	$542,703	$1,350	$1,451.62	
No Debt	175	$0	$0	$0	
	577	$542,703			

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

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/01/25	
$	
7,630,000.00	$	
-	$	
209,500.00  $	
209,500.00	
05/01/26	$	7,630,000.00	$	120,000.00  $	209,500.00  $	-	
11/01/26	$	7,510,000.00	$	-	$	206,800.00  $	536,300.00	
05/01/27	$	7,510,000.00	$	125,000.00  $	206,800.00  $	-	
11/01/27	$	7,385,000.00	$	-	$	203,987.50  $	535,787.50	
05/01/28	$	7,385,000.00	$	135,000.00  $	203,987.50  $	-	
11/01/28	$	7,250,000.00	$	-	$	200,612.50  $	539,600.00	
05/01/29	$	7,250,000.00	$	140,000.00  $	200,612.50  $	-	
11/01/29	$	7,110,000.00	$	-	$	197,112.50  $	537,725.00	
05/01/30	$	7,110,000.00	$	150,000.00  $	197,112.50  $	-	
11/01/30	$	6,960,000.00	$	-	$	193,362.50  $	540,475.00	
05/01/31	$	6,960,000.00	$	155,000.00  $	193,362.50  $	-	
11/01/31	$	6,805,000.00	$	-	$	189,487.50  $	537,850.00	
05/01/32	$	6,805,000.00	$	165,000.00  $	189,487.50  $	-	
11/01/32	$	6,640,000.00	$	-	$	185,362.50  $	539,850.00	
05/01/33	$	6,640,000.00	$	170,000.00  $	185,362.50  $	-	
11/01/33	$	6,470,000.00	$	-	$	180,687.50  $	536,050.00	
05/01/34	$	6,470,000.00	$	180,000.00  $	180,687.50  $	-	
11/01/34	$	6,290,000.00	$	-	$	175,737.50  $	536,425.00	
05/01/35	$	6,290,000.00	$	190,000.00  $	175,737.50  $	-	
11/01/35	$	6,100,000.00	$	-	$	170,512.50  $	536,250.00	
05/01/36	$	6,100,000.00	$	205,000.00  $	170,512.50  $	-	
11/01/36	$	5,895,000.00	$	-	$	164,875.00  $	540,387.50	
05/01/37	$	5,895,000.00	$	215,000.00  $	164,875.00  $	-	
11/01/37	$	5,680,000.00	$	-	$	158,962.50  $	538,837.50	
05/01/38	$	5,680,000.00	$	225,000.00  $	158,962.50  $	-	
11/01/38	$	5,455,000.00	$	-	$	152,775.00  $	536,737.50	
05/01/39	$	5,455,000.00	$	240,000.00  $	152,775.00  $	-	
11/01/39	$	5,215,000.00	$	-	$	146,175.00  $	538,950.00	
05/01/40	$	5,215,000.00	$	250,000.00  $	146,175.00  $	-	
11/01/40	$	4,965,000.00	$	-	$	139,300.00  $	535,475.00	
05/01/41	$	4,965,000.00	$	265,000.00  $	139,300.00  $	-	
11/01/41	$	4,700,000.00	$	-	$	132,012.50  $	536,312.50	
05/01/42	$	4,700,000.00	$	280,000.00  $	132,012.50  $	-	
11/01/42	$	4,420,000.00	$	-	$	124,312.50  $	536,325.00	
05/01/43	$	4,420,000.00	$	300,000.00  $	124,312.50  $	-	
11/01/43	$	4,120,000.00	$	-	$	115,875.00  $	540,187.50	
05/01/44	$	4,120,000.00	$	315,000.00  $	115,875.00  $	-	
11/01/44	$	3,805,000.00	$	-	$	107,015.63  $	537,890.63	
05/01/45	$	3,805,000.00	$	335,000.00  $	107,015.63  $	-	
11/01/45	$	3,470,000.00	$	-	$	97,593.75  $	539,609.38	
05/01/46	$	3,470,000.00	$	355,000.00  $	97,593.75  $	-	
11/01/46	$	3,115,000.00	$	-	$	87,609.38  $	540,203.13	
05/01/47	$	3,115,000.00	$	375,000.00  $	87,609.38  $	-	
11/01/47	$	2,740,000.00	$	-	$	77,062.50  $	539,671.88	
05/01/48	$	2,740,000.00	$	395,000.00  $	77,062.50  $	-	
11/01/48	$	2,345,000.00	$	-	$	65,953.13  $	538,015.63	
05/01/49	$	2,345,000.00	$	420,000.00  $	65,953.13  $	-	
11/01/49	$	1,925,000.00	$	-	$	54,140.63  $	540,093.75	
05/01/50	$	1,925,000.00	$	440,000.00  $	54,140.63  $	-	
11/01/50	$	1,485,000.00	$	-	$	41,765.63  $	535,906.25	
05/01/51	$	1,485,000.00	$	465,000.00  $	41,765.63  $	-	
11/01/51	$	1,020,000.00	$	-	$	28,687.50  $	535,453.13	
05/01/52	$	1,020,000.00	$	495,000.00  $	28,687.50  $	-	
11/01/52	$	525,000.00  $	-	$	14,765.63  $	538,453.13	
05/01/53	$	525,000.00  $	525,000.00  $	14,765.63  $	539,765.63	
		$	7,630,000.00  $	7,644,087.50  $	15,274,087.50