Community Development District Approved Budget FY 2025 Gardens at Hammock Beach 1 2-5 6-7 8-9 10 Assessment Area 2 - Special AssessmenAt Bssoensds mSeerniet sC AhaAr2t Table of Contents General Fund Assessment Area 1 - Special AssesGsemneenrta lB Founndd S Nerairersa AtiAv1e Gardens at Hammock Beach Community Development District Approved Budget General Fund Adopted Actuals Description FBYu2d0g2e4t 5/T3h1r/u2 4 P4r MoNjoeenxctttehds 9/TT3oh0tra/ul24 AFBpYup2rd0og2vee5td AADRsseessvveeeesslnssommupeeeesnnr ttCss o-- nAAtrrreeibaau 12tions $$$ 8 0 , 4 --30 $$$ 3 , 9 --36 $$$ 2 , 7 --13 $$$ 5 6 , 6 --49 $$$ 11 109768,,,503644307 Total Revenues $ 80,430 $ 33,936 $ 22,713 $ 56,649 $ 321,950 Expenditures Administrative Supervisor Fees 7,200 $ 600 $ 1,200 $ 1,800 $ 7,200 $ FICA Expense 551 $ 46 $ 92 $ 138 $ 551 $ Engineering 5,000 $ - $ 2,500 $ 2,500 $ 5,000 $ Attorney 5,000 $ 3,122 $ 1,878 $ 5,000 $ 5,000 $ Dissemination 3,500 $ - $ - $ - $ 3,500 $ Arbitrage 450 $ - $ - $ - $ 450 $ Trustee Fees 4,050 $ - $ - $ - $ 4,500 $ Annual Audit 3,300 $ - $ - $ - $ 5,000 $ Management Fees 36,750 $ 21,438 $ 15,313 $ 36,751 $ 40,000 $ Information Technology 750 $ 250 $ 313 $ 563 $ 1,800 $ Website Maintenance 500 $ 167 $ 208 $ 375 $ 1,200 $ Telephone 100 $ - $ 50 $ 50 $ 100 $ Postage 750 $ 5 $ 250 $ 255 $ 750 $ Insurance 6,119 $ 5,785 $ - $ 5,785 $ 6,119 $ Printing & Binding 500 $ - $ 250 $ 250 $ 500 $ Legal Advertising 5,000 $ - $ 2,500 $ 2,500 $ 5,000 $ Other Current Charges 610 $ 273 $ 160 $ 433 $ 610 $ Office Supplies 125 $ - $ 75 $ 75 $ 125 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 80,430 $ 31,861 $ 24,788 $ 56,649 $ 87,580 $ Field - Assessment Area 1 Field Management - $ - $ - $ - $ 15,000 $ Electric - Streetlights - $ - $ - $ - $ 21,270 $ Electric - Irrigation/Signs - $ - $ - $ - $ 4,100 $ Water & Sewer - $ - $ - $ - $ 30,000 $ Landscape Maintenance - $ - $ - $ - $ 130,000 $ Landscape Contingency - $ - $ - $ - $ 2,000 $ Property Insurance - $ - $ - $ - $ 6,000 $ Lake Maintenance - $ - $ - $ - $ 9,000 $ Stormwater Repairs & Maintenance - $ - $ - $ - $ 5,000 $ General Repairs & Maintenance - $ - $ - $ - $ 1,000 $ Irrigation Repairs - $ - $ - $ - $ 5,000 $ Sidewalk/Asphalt Repairs - $ - $ - $ - $ 5,000 $ Contingency - $ - $ - $ - $ 1,000 $ Total Field - $ - $ - $ - $ 234,370 $ Total Expenditures 80,430 $ 31,861 $ 24,788 $ 56,649 $ 321,950 $ Excess Revenues/(Expenditures) 0 $ 2,075 $ (2,075) $ - $ - $ Land Use Units Net Per Unit Net Annual Gross Per Unit Gross Annual 1 - Platted 211 940.00 $ 198,340.00 $ 1,000.00 $ 211,000 $ 2 - Unplatted 124 141.64 $ 17,562.78 $ 150.68 $ 18,684 $ Net Annual Assessment 215,902.78 $ 229,684 $ Less: Disounts & Collections (6%) (13,781) $ Gross Annual Assessments 215,903 $ Gardens at Hammock Beach Community Development District GENERAL FUND BUDGET REVENUES: Developer Contributions The District will enter into a Funding Agreement with the Developer Fund expenditures for the Fiscal Year. to fund the General EXPENDITURES: General & Administrative: tSbnChuuoheptsa iefpntirtosevec siraess olx1 aryc9nsee0 deaF,dr emF.e l$seo 4er,ti8din0ag0 Ss t.p aTethure ty eaesm,a aro lulponawti diss f tbooar seeeaadcc hho n sB u3op aserurdpv emisrovermis ofborersr attthote er netdicmeinievg e d1 $e22v m0ot0ee edpt eintrog m sD deieusttririnincggt, FoRIfe CSpAur epEsexerpnvetinssso terh ech Eemckpsl.o yer’s share of Social Security and Medicare taxes withheld from Board Engineering caTonhndet Drpaircsetterpidac rtw'asit tiehonn gP ianfroekree rr m,p Mroonyvntihcdlheyes n bgbeoenarergdr a& lm Aenesesgotiincneigaestre,i snr,g eI nvsceie.r wfvoi cr eitnshv itoso i sctehersev, Diceiest.ct r. icTth, ee. gD. aisttterincdt anhcaes Attorney apTwsrhi etedhp iD raCeirhscatittrueiiomdcnt eb' sfny olt ertog h,m aeDl o Bwcnooytuahernrldy,s Hemole fpe rSretueotiplvn, eiGgdrsrev,as ipns gorte,er nPsp e.aaLrrn.a afdlot lirteoh gtneha aliD sns iesdsert vrrreviiccviteci eseM .wt ao n otahf geae gDrr.ie sTethrmiece tDn, eitss.gt, r.r iaecttst oehlnaudst aicononcnset, raeantccdt. Gardens at Hammock Beach Community Development District GENERAL FUND BUDGET is1TDse5hisrscuesv2 eeiD-cms1ie.s i2sntG.(r aobictv)it(oe i5nrs)n r mweqehunicitrhael d rMe blaaytn teahsge et Some caeudnrdti ittSyieo arnnvadilc eErsex pc–ho arCnteignnegt rCraoelm qFumlioriresimsdioae,nn tLtsoL Cfcoo rpm ruponlvryia dwteeisdt h tb hRoeunsldee Arbitrage aTnhneu Dalilsyt rciacltc uwlailtle cthoen tDraiscttr icwt’isth A rAbMitrTaEgCe, Raenb aitned Leipaebnilditeyn ot nc aenrtyif fiuedtu rpeu bbolincd a icscsouuannctaen. t to Trustee Fees aT hTer uDsitseteri actt wUSil lB paanyk a, Nnn.Au.a l trustee fees for any future bond issuance that are deposited with Annual Audit IsTnehdreve ipDceeisnst.d reicntt isC erretqifuieirde dP uabnlnicu aAlclyc otuon ctionngd uFcirtm a.n Garuadui t& o fA istsso cfiinaatensc iwali lrl epcorordvisd eb yt hains Management Fees saTMedharmenv iaiDcngeiiesssmtt rrieiancntctilt vu rAede gsceree erbievvumeitcs ee asnMr,t eba w nuniadtoghgtee Gmltio mpevrneiettrep,n daAm rctaeoctnoi, oturannel, c tMaionlarlg dnf iianangnagend mca iAneaddnl mtr teSripenaornivsrstitcrcinraeitgspi-,v tCeieoet cnns.t eroravfl i Fbceloosar riadds a m,p LaeLreCtt .i onTfgh sae, Information Technology cppRMorreiooncpvgfrreoriedrasseemoensfnmt ctt ihsniO negvfsg,f ea icf rsoecieorl, or ufvuersitda ccuc e. odsGss. otpto vrroeoafrt gneiecmn tfieooanrnntm,ad ala ctiMcsooenaurn vntaetegircneshgm, n seoponlooftts gwiySta ievrfroeev ,ri ctapethbsae lye – tD si iCmsfeotprnri ltcemrtma else euntFcitlnhaog trsiaio,ds nAa ,vd ioLadbnLeeCdo, Gardens at Hammock Beach Community Development District GENERAL FUND BUDGET Website Maintenance Represents the costs associated with monitoring and maintaining the cupMrpeaerlnaofotaaergddmes m,ia nne hcanoects cStoaienrsrdsgvea iscnsaecmnse d –ew nCitdetshno, mtCsrehaaclai nuFp rltoietrrryei d1naa8en,w9 Ld,a L FlCfslio, r preriwwdoavea iblSdl steiamtste uat hitneebtssae.ec nT ksahuenerpcvsseei,c, esueespt.r cvDd.i aicsteGtesros i,civ nted’csroln uwcmdueemeb nsseitinttaeetl Telephone Telephone and fax machine. Postage dTehleiv eDriisetsr,i ccto rirnecsuprosn dcheanrcgee, se tcfo. r mailing of Board meeting agenda packages, overnight Insurance gFTolhovere iDrdniasm trIeincnsttu’asr lga aengnceeen rcaAile lllsii.aa bnicleit y( aFnIAd) p. uFbIlAic osfpfeicciiaallsi zlieasb iilnit yp irnosvuirdainncge cinosvuerraangcee i s cporvoevriadgeed btoy Printing & Binding sPtraitnitoinnagr ayn, den Bvienldoipnegs a egtecn. da packages for board meetings, printing of computerized checks, Legal Advertising iTnh ae nDeiswtrsipcat pise rr eoqf ugierneedr taol caidrvceurlatitsioe nv.a rious notices for Board meetings, public hearings, etc Other Current Charges Bank charges and any other miscellaneous expenses incurred during the fiscal year. Gardens at Hammock Beach Community Development District GENERAL FUND BUDGET Office Supplies Any supplies that may need to be purchased during the fiscal year, bCoenoktrsa, l fFilleo rfidolad, eLrLsC, plarboevlisd, eps athpeesr e csleiprsv,i ceetsc. . Governmental Manag ee.mg.,e pnat pSeerr, vmicinesu t–e Dues, Licenses & Subscriptions $T1h7e5 D. iTsthriisc ti si sth ree qonuliyre edx ptoe npsaey u annd earn tnhuisa lc afetee gtoor yth feo rF tlhoeri Ddais tDreicpta. rtment of Commerce for Field – Assessment Area 1: rSFTmeeiheecreleevd tiiD vicMnieesga stas nrns iawucdgtc i rethwehm sa iclepslon oclntano tndnrd attrscoact opcatrpr sote,op mm eproartinoynvi ttoieodwnreina nonegnrc eospi.fh t euoS tenfiirleeiv tlcidyca ealmlscs ac tanoonua dignn etecsmml,u eaadntietltse w.on fde ec Bokonlyat rrsaditc emts i enfeostrpi neDgcitssi toarnnicsdt, Electric – Streetlights The District will incur cost for electric for streetlights. Electric – Irrigation/Signs The District will incur cost for electric for irrigation timers. Water & Sewer pTrhoev Didiest trhicist isnecruvricse c. o st for water. The District will contract with a utility company to fsLTetahrrneitnid Dlgiszic-satatrtpriimioec ntMm ,w painiiilnngl te,i en snactnaurnnar cuwlaea, n lp defslscotaw cpoeenr m trraoeilpn altanecndea minrrecieng taestx,i posenhn irsnuesbsp, ewacnhtidioc nhps ia ndlcmulur idpnerg u mtnhoienw fgii,sn cgwa, lee ydeedgaiinnr.gg ,, Gardens at Hammock Beach Community Development District GENERAL FUND BUDGET Landscape iTtoem resc courrdr etChnoetnl cyto innsogt teo nbf culyad ngdestceadp oer e cnohvaenrecedm ine nlatns dassc wapeell caosn atnrayc mt. iscellaneous landscape Property Insurance FbTIuhAde gsDepitseetcdrii arcleti'zpser Pse rsioenpn etpsrr totyhv eIind esisnutgrim ainnacsteeu drpa opnlriceceym cwiouivmlle crfooagnr etpr ratoocp t geworitvtyeh ri nFnslmoureriandntaac lIe n arsgeuelranatcneidcee st .oA ltTlhihaene D caiesm t(rFoiIcuAtn.) t. Lake Maintenance CTDheD D wisiltlr oicwt nw ailnl dco mntarianctta itno. provide for the few Stormwater management facilities that the Stormwater Repairs & Maintenance Cost of repairs and maintenance to the stormwater systems of the District. General Repairs and Maintenance Cost of repairs and maintenance throughout the common area of the District. Irrigation Repairs tThoe r iercroigradt itohne pcousmt po fs rtaetpiaoinr.s to the irrigation system and preventative maintenance on Sidewalk/Asphalt Repairs To record the cost of repairs to the sidewalks and asphalt. oCTtoohn reterinc agocercdnoc utyhn ets c. ost of any maintenance expenses not properly classified in any of the Description PFBroYup2do0gs2eet4d Ac5tu/a3l1s/ T2h4ru Pro4j eMctoendt hNsext Pro9je/c3t0ed/2 T4hru ApprFoYv e2d0 2B5udget REVENUES: ISCnpaterecrriyae lFs Ato Esrswaerasnrsidnm gSesunrtps lus $$ --- $ --- $ -- $ -- $ 3 9497,,204883 - TOTAL REVENUES $ - $ - $ - $ - $ 446,331 EXPENDITURES: IIPnnrttineerrceeipssatt l-- - 15 5/1/11 $ --- $ --- $ --- $ --- $ 1 793097,,,024042080 TOTAL EXPENDITURES $ - $ - $ - $ - $ 306,668 Other Sources/(Uses) Bond Proceeds $ 446,332 $ - $ 446,332 $ 446,332 $ - TOTAL OTHER SOURCES/(USES) $ 446,332 $ - $ 446,332 $ 446,332 $ - TOTAL EXPENDITURES $ (446,332) $ - $ (446,332) $ (446,332) $ 306,668 EXCESS REVENUES (EXPENDITURES) $ 446,332 $ - $ 446,332 $ 446,332 $ 139,663 U2n1i1ts Gross$ P 1e,r7 U5n0it Gro$s 3s6 A9n,2n3ua7l Interest Due 11/1/25 $$ 113355,,774400 Total Gross Assessment $ 369,237 Less: Discounts & Collection (6%) $ (22,154) Net Annual Assessment $ 347,083 (1) Carry Forward is Net of Reserve Requirement Gardens at Hammock Beach Community Development District Approved Budget Debt Service Fund Budget - Special Assessment Bonds, Series 2024-1 (AA1) 000000000000000000000000000000111111111111111111111111111111111111111111111111111111111111555555555555555555555555555555P///////////////////////////////////////////////////////////e000000000000000000000000000000000000000000000000000000000000ri111111111111111111111111111111111111111111111111111111111111o///////////////////////////////////////////////////////////d222222222223333333333333333333344444444444444444444555555555000000111111222222333333444444555555666666777777888888999999 OuBtsatl 111111112222222233333333333333444444444444444444444455aa,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,nn000000111122222233334444445555666666777777888888999999 336699dc000000112222333333333333334455555566666666777777999999335555ei00000000000000000000555555555555555555555555555555555500055n,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,000000000000000000000000000000000000000000000000000000000000g 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 Cou444444444444444555555555555555555555555555555555555555555555p............................................................o333333333333333333333333336666666666666666666888888888888888n000000000000000555555555555555555577777777777777777777777777s00000000000000000000000000000000055555555555555555555555555%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Princ 11111111111112222222333ip 778889900001112223344455667889a000055500000000000055555555555l,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 Inter 11111111111111111111111111111e 1122334444556666777788889999900000011111122222222333333333s 992222334444446666778888889999900001111223333555555557888888t,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,44222333333334444555577778888990000001111113345566779999999966111133334445555556677778888880000111122222223344445566777744111133355555577888999999999900000000000000000113344446699 AnSne 333333333333333333333333333333ur 9444444444444444444444444444444av9222233333333334444445555566667l iD,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,c2000111222223344555666778999999ee4000222222333445566666666788899b7000000000022333333333566677789t.............................. 70000000000112223555556777777778000000000000001333555555555568 Total $ 5,040,000 $ 5,392,310 $ 10,432,310 $ - Gardens at Hammock Beach Community Development District AMORTIZATION SCHEDULE Proposed Budget Actuals Thru Projected Next Projected Description FY2024 5/31/24 4 Months 9/30/2 T4hru ApprFoYv e2d0 2B5udget REVENUES: ISCnpaterecrriyae lFs Ato Esrswaerasnrsidnm gSesunrtps lus $$ --- $ --- $ -- $ -- $ 6 8 1 , 6 9 4 -- TOTAL REVENUES $ - $ - $ - $ - $ 681,694 EXPENDITURES: IIPnnrttineerrceeipssatt l-- - 15 5/1/11 $ --- $ --- $ --- $ --- $ 125800,,481588 - TOTAL EXPENDITURES $ - $ - $ - $ - $ 431,276 Other Sources/(Uses) Bond Proceeds $ 1,300,550 $ - $ 1,300,550 $ 1,300,550 $ - TOTAL OTHER SOURCES/(USES) $ 1,300,550 $ - $ 1,300,550 $ 1,300,550 $ - TOTAL EXPENDITURES $ (1,300,550) $ - $ (1,300,550) $ (1,300,550) $ 431,276 EXCESS REVENUES (EXPENDITURES) $ 1,300,550 $ - $ 1,300,550 $ 1,300,550 $ 250,418 U1n2i4ts Gross P$e 5r, U3n0i9t Gro$s 6s5 A8n,3n5ua8l Interest Due 11/1/25 $$ 225500,,441188 Total Gross Assessment $ 658,358 Less: Discounts & Collection (6%) $ (39,501) Net Annual Assessment $ 618,857 (1) Carry Forward is Net of Reserve Requirement Gardens at Hammock Beach Community Development District Approved Budget Debt Service Fund Budget - Special Assessment Bonds, Series 2024-2 (AA2) Period Outstanding Balance Coupons Principal Interest Annual Debt Service 11/01/24 8,785,000 5.000% 180,858 180,857.53 05/01/25 8,785,000 5.000% 250,418 11/01/25 8,785,000 5.000% 250,418 500,836.26 05/01/26 8,785,000 5.000% 120,000 250,418 11/01/26 8,665,000 5.000% 247,418 617,836.26 05/01/27 8,665,000 5.000% 125,000 247,418 11/01/27 8,540,000 5.000% 244,293 616,711.26 05/01/28 8,540,000 5.000% 130,000 244,293 11/01/28 8,410,000 5.000% 241,043 615,336.26 05/01/29 8,410,000 5.000% 140,000 241,043 11/01/29 8,270,000 5.000% 237,543 618,586.26 05/01/30 8,270,000 5.000% 145,000 237,543 11/01/30 8,125,000 5.000% 233,918 616,461.26 05/01/31 8,125,000 5.000% 150,000 233,918 11/01/31 7,975,000 5.000% 230,168 614,086.26 05/01/32 7,975,000 5.600% 160,000 230,168 11/01/32 7,815,000 5.600% 225,688 615,856.26 05/01/33 7,815,000 5.600% 170,000 225,688 11/01/33 7,645,000 5.600% 220,928 616,616.26 05/01/34 7,645,000 5.600% 180,000 220,928 11/01/34 7,465,000 5.600% 215,888 616,816.26 05/01/35 7,465,000 5.600% 190,000 215,888 11/01/35 7,275,000 5.600% 210,568 616,456.26 05/01/36 7,275,000 5.600% 200,000 210,568 11/01/36 7,075,000 5.600% 204,968 615,536.26 05/01/37 7,075,000 5.600% 210,000 204,968 11/01/37 6,865,000 5.600% 199,088 614,056.26 05/01/38 6,865,000 5.600% 225,000 199,088 11/01/38 6,640,000 5.600% 192,788 616,876.26 05/01/39 6,640,000 5.600% 240,000 192,788 11/01/39 6,400,000 5.600% 186,068 618,856.26 05/01/40 6,400,000 5.600% 250,000 186,068 11/01/40 6,150,000 5.600% 179,068 615,136.26 05/01/41 6,150,000 5.600% 265,000 179,068 11/01/41 5,885,000 5.600% 171,648 615,716.26 05/01/42 5,885,000 5.600% 280,000 171,648 11/01/42 5,605,000 5.600% 163,808 615,456.26 05/01/43 5,605,000 5.600% 295,000 163,808 11/01/43 5,310,000 5.600% 155,548 614,356.26 05/01/44 5,310,000 5.600% 315,000 155,548 11/01/44 4,995,000 5.600% 146,728 617,276.26 05/01/45 4,995,000 5.875% 335,000 146,728 11/01/45 4,660,000 5.875% 136,888 618,615.63 05/01/46 4,660,000 5.875% 355,000 136,888 11/01/46 4,305,000 5.875% 126,459 618,346.88 05/01/47 4,305,000 5.875% 375,000 126,459 11/01/47 3,930,000 5.875% 115,444 616,903.13 05/01/48 3,930,000 5.875% 395,000 115,444 11/01/48 3,535,000 5.875% 103,841 614,284.38 05/01/49 3,535,000 5.875% 420,000 103,841 11/01/49 3,115,000 5.875% 91,503 615,343.76 05/01/50 3,115,000 5.875% 445,000 91,503 11/01/50 2,670,000 5.875% 78,431 614,934.38 05/01/51 2,670,000 5.875% 475,000 78,431 11/01/51 2,195,000 5.875% 64,478 617,909.38 05/01/52 2,195,000 5.875% 500,000 64,478 11/01/52 1,695,000 5.875% 49,791 614,268.76 05/01/53 1,695,000 5.875% 530,000 49,791 11/01/53 1,165,000 5.875% 34,222 614,012.51 05/01/54 1,165,000 5.875% 565,000 34,222 11/01/54 600,000 5.875% 17,625 616,846.88 05/01/55 600,000 5.875% 600,000 17,625 11/01/55 617,625.00 Total 8,785,000 $ 10,383,813 $ 19,168,813 $ - $ Gardens at Hammock Beach Community Development District AMORTIZATION SCHEDULE Gardens at Hammock Beach CDD Summary Assessment Chart Assessment Product Debt Debt Area Type Units O&M Series 2004-1Series 2004-2 Total 1 SF - Platted 211 $ 1,000 $ 1,750 $ - $ 2,750 2 SF - Unplatted 124 $ 151 $ - $ 5,309 $ 5,460 (1) Per unit amounts include 4% for early payment discount and 2% for tax collector