Summerville Community Development District

Final Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

FINAL BUDGET
SUMMERVILLE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

ADMINISTRATIVE ASSESSMENTS

82,271

MAINTENANCE ASSESSMENTS

102,998

DEBT ASSESSMENTS

197,090

OTHER REVENUES

0

INTEREST INCOME

1,320

TOTAL REVENUES

$	383,679

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

31,572

SECRETARIAL

4,200

LEGAL

10,000

ASSESSMENT ROLL

7,500

AUDIT FEES

3,700

INSURANCE

7,800

LEGAL ADVERTISING

2,200

MISCELLANEOUS

1,500

POSTAGE

250

OFFICE SUPPLIES

425

DUES & SUBSCRIPTIONS

175

TRUSTEE FEES

3,500

CONTINUING DISCLOSURE FEE

350

WEBSITE MANAGEMENT

2,000

ADMINISTRATIVE CONTINGENCY

600

TOTAL ADMINISTRATIVE EXPENDITURES

$	81,155

TOTAL EXPENDITURES

$	177,973

REVENUES LESS EXPENDITURES

$	205,706

BOND PAYMENTS

(185,265)

BALANCE

$	20,441

COUNTY APPRAISER & TAX COLLECTOR FEE

(7,647)

DISCOUNTS FOR EARLY PAYMENTS

(15,294)

EXCESS/ (SHORTFALL)

$	(2,500)

CARRYOVER FROM PRIOR YEAR

2,500

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
SUMMERVILLE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

ADMINISTRATIVE ASSESSMENTS

83,642

82,289

82,271

Expenditures Less Interest & Carryover/.94

MAINTENANCE ASSESSMENTS

103,825

102,998

102,998

Expenditures/.94

DEBT ASSESSMENTS

198,674

197,090

197,090

Bond Payments/.94

OTHER REVENUES

0

0

0

INTEREST INCOME

8,187

1,200

1,320

Projected At $110 Per Month

TOTAL REVENUES

$	394,328

$	383,577

$	383,679

EXPENDITURES

MAINTENANCE EXPENDITURES

FIELD OPERATIONS MANAGEMENT

720

720

720

No Change From 2025/2026 Budget

ENGINEERING/ANNUAL REPORT/INSPECTIONS

1,310

2,400

2,400

No Change From 2025/2026 Budget

PRESSURE CLEANING

8,587

9,498

9,498

No Change From 2025/2026 Budget

SIDEWALKS (MILLING & REPLACEMENT)

0

7,000

7,000

No Change From 2025/2026 Budget

HOA CONTRIBUTION (STREET LIGHTS)

20,524

16,200

16,200

No Change From 2025/2026 Budget

HOA CONTRIBUTION (LANDSCAPING)

58,000

58,000

58,000

For Landscaping, Palm Fert, Mulch, Tree Trimming, etc.

MAINTENANCE CONTINGENCY

5,412

3,000

3,000

Maintenance Contingency

TOTAL MAINTENANCE EXPENDITURES

$	94,553

$	96,818

$	96,818

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

2,200

5,000

5,000

Supervisor Fees

PAYROLL TAXES (EMPLOYER)

373

383

383

Supervisor Fees * 7.65%

MANAGEMENT

29,880

30,744

31,572

CPI Adjustment

SECRETARIAL

4,200

4,200

4,200

No Change From 2025/2026 Budget

LEGAL

8,390

10,000

10,000

No Change From 2025/2026 Budget

ASSESSMENT ROLL

7,500

7,500

7,500

As Per Contract

AUDIT FEES

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

INSURANCE

6,858

7,300

7,800

Fiscal Year 2025/2026 Expenditure Was $7,269

LEGAL ADVERTISING

1,639

2,200

2,200

Costs Have Increased Due To Closing Of The Miami Business Review

MISCELLANEOUS

1,505

1,100

1,500

$400 Increase From 2025/2026 Budget

POSTAGE

167

275

250

$25 Decrease From 2025/2026 Budget

OFFICE SUPPLIES

376

425

425

No Change From 2025/2026 Budget

DUES & SUBSCRIPTIONS

175

175

175

No Change From 2025/2026 Budget

TRUSTEE FEES

3,500

3,500

3,500

No Change From 2025/2026 Budget

CONTINUING DISCLOSURE FEE

350

350

350

No Change From 2025/2026 Budget

WEBSITE MANAGEMENT

2,000

2,000

2,000

No Change From 2025/2026 Budget

ADMINISTRATIVE CONTINGENCY

0

600

600

No Change From 2025/2026 Budget

TOTAL ADMINISTRATIVE EXPENDITURES

$	72,613

$	79,352

$	81,155

TOTAL EXPENDITURES

$	167,166

$	176,170

$	177,973

REVENUES LESS EXPENDITURES

$	227,162

$	207,407

$	205,706

BOND PAYMENTS

(189,174)

(185,265)

(185,265)

2027 P&I Payments

BALANCE

$	37,988

$	22,142

$	20,441

COUNTY APPRAISER & TAX COLLECTOR FEE

(3,709)

(7,647)

(7,647)

Two Percent Of Total Assessment Roll

DISCOUNTS FOR EARLY PAYMENTS

(14,725)

(15,295)

(15,294)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	19,554

$	(800)

$	(2,500)

CARRYOVER FROM PRIOR YEAR

0

800

2,500

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	19,554

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET SUMMERVILLE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2020 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$2,193,000 3.0% - 4.00%
December 2020
May 2036

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$1,612,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

5,475

1,000

1,200

Projected Interest For 2026/2027

NAV Tax Collection

189,174

185,265

185,265

Maximum Debt Service Collection

Total Revenues

$	194,649

$	186,265

$	186,465

EXPENDITURES

Principal Payments

121,000

127,000

130,000

Principal Payment Due In 2027

Interest Payments

63,985

58,133

53,635

Interest Payments Due In 2027

Bond Redemption

0

1,132

2,830

Estimated Excess Debt Collections

Total Expenditures

$	184,985

$	186,265

$	186,465

Excess/ (Shortfall)

$	9,664

$	-

$	-

Summerville Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment
 Before Discount* 

Fiscal Year 2024/2025
Assessment
 Before Discount* 

Fiscal Year 2025/2026
Assessment
	Before Discount*	

Fiscal Year 2026/2027
Projected Assessment
	Before Discount*	

Administrative
Maintenance Debt
Total

$
$

299.21
306.08

$
$

308.27
385.76

$
$

308.21
385.76

$
$

308.14
385.76

$	738.17

 $	738.17

 $	738.17

 $	738.17

$

1,343.46

$

1,432.20

$

1,432.14

$

1,432.07

* 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