Hunt Club Grove
Community Development District

Proposed Budget
FY2026

Table of Contents

1

2-4

5

6-7

General Fund General Fund Narrative
Series 2024 Debt Service Fund Series 2024 Amortization Schedule

Hunt Club Grove
Community Development District Proposed Budget
General Fund

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

Assessments - Tax Roll	
$	253,662	
$	254,276	
$	-	
$	254,276	
$	170,163	
Assessments - Direct	$	91,106	$	68,331	$	22,775	$	91,106	$	272,180	
Developer Contributions	$	-	$	14,384	$	-	$	14,384	$	-	
Total Revenues	$	344,768	$	336,991	$	22,775	$	359,766	$	442,343	
Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	2,000	
$	7,000	
$	9,000	
$	12,000	
FICA Expenditures	$	918	$	153	$	536	$	689	$	918	
Engineering	$	15,000	$	-	$	7,500	$	7,500	$	15,000	
Attorney	$	25,000	$	2,417	$	14,583	$	17,000	$	25,000	
Annual Audit	$	4,000	$	-	$	2,850	$	2,850	$	4,950	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,500	
Arbitrage Rebate	$	450	$	-	$	450	$	450	$	900	
Dissemination Agent	$	5,000	$	4,583	$	2,917	$	7,500	$	6,500	
Disclosure Software	$	-	$	-	$	-	$	-	$	5,000	
Trustee Fees	$	3,600	$	-	$	6,125	$	6,125	$	13,475	
Management Fees	$	42,500	$	17,708	$	24,792	$	42,500	$	46,750	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,980	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,320	
Postage & Delivery	$	1,000	$	107	$	583	$	690	$	1,000	
Insurance	$	5,000	$	5,000	$	-	$	5,000	$	5,750	
Copies	$	1,000	$	-	$	583	$	583	$	1,000	
Legal Advertising	$	10,000	$	-	$	5,833	$	5,833	$	5,000	
Other Current Charges	$	5,000	$	194	$	287	$	481	$	2,500	
Office Supplies	$	625	$	3	$	365	$	367	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal General & Administrative:	$	139,268	$	38,591	$	76,154	$	114,744	$	155,343	
Operations & Maintenance Field Expenditures Property Insurance	

$	7,500	

$	-	

$	7,500	

$	7,500	

$	7,500	
Field Management	$	15,000	$	1,250	$	8,750	$	10,000	$	16,500	
Landscape Maintenance	$	90,000	$	-	$	49,029	$	49,029	$	160,000	
Landscape Replacement	$	2,500	$	-	$	1,458	$	1,458	$	2,500	
Irrigation Repairs	$	5,000	$	-	$	2,917	$	2,917	$	5,000	
Streetlights	$	45,000	$	-	$	10,868	$	10,868	$	45,000	
Electric	$	5,000	$	-	$	2,917	$	2,917	$	5,000	
Water & Sewer	$	5,000	$	848	$	3,850	$	4,698	$	10,000	
Lake Maintenance	$	8,000	$	-	$	4,667	$	4,667	$	8,000	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,458	$	1,458	$	2,500	
General Repairs & Maintenance	$	5,000	$	-	$	2,917	$	2,917	$	10,000	
Field Contingency	$	15,000	$	-	$	8,750	$	8,750	$	15,000	
Subtotal Field Expenditures:	$	205,500	$	2,098	$	105,080	$	107,178	$	287,000	
						
Total Expenditures	$	344,768	$	40,689	$	181,234	$	221,923	$	442,343	
						
Excess Revenues/(Expenditures)	$	-	$	296,302	$  (158,459)	$	137,843	$	-	
Net Assessments	$	442,343	
Add: Discounts & Collections 7%	 $	33,295 	
Gross Assessments	$	475,638	
Assessable	Net	Net Per Unit	Gross Per		
Product	Units	Assessment	(7%)	Unit		
Assessments - On Roll [Platted]	334	$	170,163	$	509.47	$	547.82		
Assessments - Direct [Platted]	465	$	236,904	$	509.47	$	547.82		
Assessments - Direct [Unplatted]	313	$	35,276	$	112.70	$	121.19		
	1112	$	442,343				

Product

FY2026

FY2025

Increase/ (Decrease)

Assessments - [Platted]	$	547.82  $	816.63  $	(268.81)
Assessments - [Unplatted]	$	121.19  $	125.92  $	(4.73)

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 to each Supervisor for the time devoted to District business and meetings.

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

Engineering
The District's engineer, Dave Schmitt Engineering, Inc., will provide 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, Cobb & Cole, will provide 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.

Assessment Administration
The District has contracted with 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 Rebate
The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2024 bonds and an anticipated bond issuance.

Dissemination Agent
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 based on the Series 2024 bonds and an anticipated bond issuance.

Disclosure Software

The District has contracted with DTS to provide software platform for filing various reports required in accordance with the Continuing Disclosure Agreements for the various bond issue(s).

Trustee Fees
The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees
The District will receive 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 of information technology for the District 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. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance
Represents the costs 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. Governmental Management Services – Central Florida, LLC provides these services.

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.

Copies
Printing agenda materials 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 Commerce 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.

Field Management
The District will contract for onsite field management of contracts for the District such as landscape and lake maintenance. Services 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.

Irrigation Repairs
Represents the estimated cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

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 estimated electric charges of common areas throughout the District.

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

General Repairs & Maintenance
Represents estimated costs for general repairs and maintenance of the District’s common areas.

Field Contingency
Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Water & Sewer
Represents estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance
Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Proposed Budget
Series 2024 Debt Service Fund

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

Revenues							

Assessments	
$	391,793	
$	392,742	
$	-	
$	392,742	
$	391,793	
Interest	$	-	$	5,877	$	2,939	$	8,816	$	4,408	
Carry Forward Surplus	$	146,952	$	148,389	$	-	$	148,389	$	163,635	
Total Revenues	$	538,745	$	547,007	$	2,939	$	549,946	$	559,836	

Expenditures						
Interest - 12/15	$	146,952	$	146,952	$	-	$	146,952	$	153,656	
Principal - 6/15	$	80,000	$	-	$	80,000	$	80,000	$	85,000	
Interest - 6/15	$	155,596	$	-	$	155,596	$	155,596	$	153,656	
Total Expenditures	$	382,548	$	146,952	$	235,596	$	382,548	$	392,313	

Other Financing Sources/Uses						
Transfer In/(Out)	$	-	$	(3,762)	$	-	$	(3,762)	$	-	
Total Other Financing Sources/Uses	$	-	$	(3,762)	$	-	$	(3,762)	$	-	
						
Excess Revenues/(Expenditures)	$	156,196	$	396,293	$	(232,658)	$	163,635	$	167,523	

Interest Expense 12/15/26	 $	151,595 

Product	Assessable Units	Debt Service	Per Unit	Assessment Per	
Single Family 40	227	$	246,533	$1,086	$1,168	
Single Family 50	107	$	145,259	$1,358	$1,460	
	334	$	391,793			

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
12/15/25	$	5,635,000.00	$	-	$	153,656.25	$	389,252.50	
06/15/26	$	5,635,000.00	$	85,000.00	$	153,656.25	$	-	
12/15/26	$	5,550,000.00	$	-	$	151,595.00	$	390,251.25	
06/15/27	$	5,550,000.00	$	90,000.00	$	151,595.00	$	-	
12/15/27	$	5,460,000.00	$	-	$	149,412.50	$	391,007.50	
06/15/28	$	5,460,000.00	$	95,000.00	$	149,412.50	$	-	
12/15/28	$	5,365,000.00	$	-	$	147,108.75	$	391,521.25	
06/15/29	$	5,365,000.00	$	100,000.00	$	147,108.75	$	-	
12/15/29	$	5,265,000.00	$	-	$	144,683.75	$	391,792.50	
06/15/30	$	5,265,000.00	$	100,000.00	$	144,683.75	$	-	
12/15/30	$	5,165,000.00	$	-	$	142,258.75	$	386,942.50	
06/15/31	$	5,165,000.00	$	105,000.00	$	142,258.75	$	-	
12/15/31	$	5,060,000.00	$	-	$	139,712.50	$	386,971.25	
06/15/32	$	5,060,000.00	$	115,000.00	$	139,712.50	$	-	
12/15/32	$	4,945,000.00	$	-	$	136,621.88	$	391,334.38	
06/15/33	$	4,945,000.00	$	120,000.00	$	136,621.88	$	-	
12/15/33	$	4,825,000.00	$	-	$	133,396.88	$	390,018.76	
06/15/34	$	4,825,000.00	$	125,000.00	$	133,396.88	$	-	
12/15/34	$	4,700,000.00	$	-	$	130,037.50	$	388,434.38	
06/15/35	$	4,700,000.00	$	135,000.00	$	130,037.50	$	-	
12/15/35	$	4,565,000.00	$	-	$	126,409.38	$	391,446.88	
06/15/36	$	4,565,000.00	$	140,000.00	$	126,409.38	$	-	
12/15/36	$	4,425,000.00	$	-	$	122,646.88	$	389,056.26	
06/15/37	$	4,425,000.00	$	150,000.00	$	122,646.88	$	-	
12/15/37	$	4,275,000.00	$	-	$	118,615.63	$	391,262.51	
06/15/38	$	4,275,000.00	$	155,000.00	$	118,615.63	$	-	
12/15/38	$	4,120,000.00	$	-	$	114,450.00	$	388,065.63	
06/15/39	$	4,120,000.00	$	165,000.00	$	114,450.00	$	-	
12/15/39	$	3,955,000.00	$	-	$	110,015.63	$	389,465.63	
06/15/40	$	3,955,000.00	$	175,000.00	$	110,015.63	$	-	
12/15/40	$	3,780,000.00	$	-	$	105,312.50	$	390,328.13	
06/15/41	$	3,780,000.00	$	185,000.00	$	105,312.50	$	-	
12/15/41	$	3,595,000.00	$	-	$	100,340.63	$	390,653.13	
06/15/42	$	3,595,000.00	$	195,000.00	$	100,340.63	$	-	
12/15/42	$	3,400,000.00	$	-	$	95,100.00	$	390,440.63	
06/15/43	$	3,400,000.00	$	205,000.00	$	95,100.00	$	-	
12/15/43	$	3,195,000.00	$	-	$	89,590.63	$	389,690.63	
06/15/44	$	3,195,000.00	$	215,000.00	$	89,590.63	$	-	
12/15/44	$	2,980,000.00	$	-	$	83,812.50	$	388,403.13	
06/15/45	$	2,980,000.00	$	230,000.00	$	83,812.50	$	-	
12/15/45	$	2,750,000.00	$	-	$	77,343.75	$	391,156.25	
06/15/46	$	2,750,000.00	$	240,000.00	$	77,343.75	$	-	

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	

12/15/46	
$	
2,510,000.00	
$	
-	
$	
70,593.75	
$	
387,937.50	
06/15/47	$	2,510,000.00	$	255,000.00	$	70,593.75	$	-	
12/15/47	$	2,255,000.00	$	-	$	63,421.88	$	389,015.63	
06/15/48	$	2,255,000.00	$	270,000.00	$	63,421.88	$	-	
12/15/48	$	1,985,000.00	$	-	$	55,828.13	$	389,250.01	
06/12/49	$	1,985,000.00	$	285,000.00	$	55,828.13	$	-	
12/15/49	$	1,700,000.00	$	-	$	47,812.50	$	388,640.63	
06/15/50	$	1,700,000.00	$	300,000.00	$	47,812.50	$	-	
12/15/50	$	1,400,000.00	$	-	$	39,375.00	$	387,187.50	
06/15/51	$	1,400,000.00	$	320,000.00	$	39,375.00	$	-	
12/15/51	$	1,080,000.00	$	-	$	30,375.00	$	389,750.00	
06/15/52	$	1,080,000.00	$	340,000.00	$	30,375.00	$	-	
12/15/52	$	740,000.00	$	-	$	20,812.50	$	391,187.50	
06/12/53	$	740,000.00	$	360,000.00	$	20,812.50	$	-	
12/15/53	$	380,000.00	$	-	$	10,687.50	$	391,500.00	
06/12/54	$	380,000.00	$	380,000.00	$	10,687.50	$	-	
12/15/54	$	-	$	-	$	-	$	390,687.50	
			$	5,715,000.00	$	6,124,603.36	$	11,839,603.36