Summerville Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
SUMMERVILLE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
ADMINISTRATIVE ASSESSMENTS	82,289	
MAINTENANCE ASSESSMENTS	102,998	
DEBT ASSESSMENTS	197,090	
OTHER REVENUES	0	
INTEREST INCOME	1,200	
TOTAL REVENUES	$	383,577	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
FIELD OPERATIONS MANAGEMENT	720	
ENGINEERING/ANNUAL REPORT/INSPECTIONS	2,400	
PRESSURE CLEANING	9,498	
SIDEWALKS (MILLING & REPLACEMENT)	7,000	
HOA CONTRIBUTION (STREET LIGHTS)	16,200	
HOA CONTRIBUTION (LANDSCAPING)	58,000	
MAINTENANCE CONTINGENCY	3,000	
TOTAL MAINTENANCE EXPENDITURES	$	96,818	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	5,000	
PAYROLL TAXES (EMPLOYER)	383	
MANAGEMENT	30,744	
SECRETARIAL	4,200	
LEGAL	10,000	
ASSESSMENT ROLL	7,500	
AUDIT FEES	3,600	
INSURANCE	7,300	
LEGAL ADVERTISING	2,200	
MISCELLANEOUS	1,100	
POSTAGE	275	
OFFICE SUPPLIES	425	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,500	
CONTINUING DISCLOSURE FEE	350	
WEBSITE MANAGEMENT	2,000	
ADMINISTRATIVE CONTINGENCY	600	
TOTAL ADMINISTRATIVE EXPENDITURES	$	79,352	
		
TOTAL EXPENDITURES	$	176,170	
		
REVENUES LESS EXPENDITURES	$	207,407	
		
BOND PAYMENTS	(185,265)	
		
BALANCE	$	22,142	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(7,647)	
DISCOUNTS FOR EARLY PAYMENTS	(15,295)	
		
EXCESS/ (SHORTFALL)	$	(800)	
		
CARRYOVER FROM PRIOR YEAR	800	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED PROPOSED BUDGET
SUMMERVILLE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	79,704	82,306	82,289	Expenditures Less Interest & Carryover/.94	
MAINTENANCE ASSESSMENTS	80,880	102,998	102,998	Expenditures/.94	
DEBT ASSESSMENTS	195,059	197,090	197,090	Bond Payments/.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	9,015	420	1,200	Projected At $100 Per Month	
TOTAL REVENUES	$	364,658	$	382,814	$	383,577		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
FIELD OPERATIONS MANAGEMENT	720	720	720	No Change From 2024/2025 Budget	
ENGINEERING/ANNUAL REPORT/INSPECTIONS	1,234	2,400	2,400	No Change From 2024/2025 Budget	
PRESSURE CLEANING	10,336	9,498	9,498	No Change From 2024/2025 Budget	
SIDEWALKS (MILLING & REPLACEMENT)	0	7,000	7,000	No Change From 2024/2025 Budget	
HOA CONTRIBUTION (STREET LIGHTS)	16,200	16,200	16,200	No Change From 2024/2025 Budget	
HOA CONTRIBUTION (LANDSCAPING)	17,167	58,000	58,000	For Landscaping, Palm Fert, Mulch, Tree Trimming, etc.	
MAINTENANCE CONTINGENCY	1,205	3,000	3,000	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	46,862	$	96,818	$	96,818		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	1,800	5,000	5,000	Supervisor Fees	
PAYROLL TAXES (EMPLOYER)	207	383	383	Supervisor Fees * 7.65%	
MANAGEMENT	29,016	29,880	30,744	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	7,750	10,000	10,000	No Change From 2024/2025 Budget	
ASSESSMENT ROLL	7,500	7,500	7,500	As Per Contract	
AUDIT FEES	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
INSURANCE	6,594	7,200	7,300	Fiscal Year 2024/2025 Expenditure Was $6,858	
LEGAL ADVERTISING	1,951	2,000	2,200	Costs Have Increased Due To Closing Of The Miami Business Review	
MISCELLANEOUS	1,331	800	1,100	$300 Increase From 2024/2025 Budget	
POSTAGE	313	275	275	No Change From 2024/2025 Budget	
OFFICE SUPPLIES	265	425	425	$25 Decrease From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
TRUSTEE FEES	3,500	3,500	3,500	No Change From 2024/2025 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2024/2025 Budget	
ADMINISTRATIVE CONTINGENCY	0	600	600	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,352	$	77,788	$	79,352		
					
TOTAL EXPENDITURES	$	117,214	$	174,606	$	176,170		
					
REVENUES LESS EXPENDITURES	$	247,444	$	208,208	$	207,407		
					
BOND PAYMENTS	(185,598)	(185,265)	(185,265)	2026 P&I Payments Less Interest	
					
BALANCE	$	61,846	$	22,943	$	22,142		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(3,414)	(7,647)	(7,647)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(13,806)	(15,296)	(15,295)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	44,626	$	-	$	(800)		
					
CARRYOVER FROM PRIOR YEAR	0	0	800	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	44,626	$	-	$	-		

II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SUMMERVILLE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
6,168	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
185,598	
185,265	
185,265	
Maximum Debt Service Collection	

Total Revenues	
$	191,766	
$	185,765	
$	186,265		

EXPENDITURES					

Principal Payments	
118,000	
121,000	
127,000	
Principal Payment Due In 2026	

Interest Payments	
67,525	
62,170	
58,133	
Interest Payments Due In 2026	

Bond Redemption	
0	
2,595	
1,132	
Estimated Excess Debt Collections	

Total Expenditures	
$	185,525	
$	185,765	
$	186,265		

Excess/ (Shortfall)	
$	6,241	
$	-	
$	-		

Series 2020 Bond Refunding Information

Original Par Amount =	$2,193,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.0% - 4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	December 2020			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2036

$1,733,000			

III

Summerville Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
 Before Discount* 	 Before Discount* 		Before Discount*			Before Discount*		

Administrative	
$	295.84	
$	299.21	
$	308.27	
$	
308.21	
Maintenance	$	310.06	$	306.08	$	385.76	$	385.76	
Debt	$	738.17	$	738.17	$	738.17	$	738.17	
Total	$	1,344.07	$	1,343.46	$	1,432.20	$	1,432.14	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	267
IV