Hunt Club Grove
Community Development District

Proposed Budget
FY2027

Table of Contents

1-2

3-6

7

8-9

10

General Fund General Fund Narrative
Series 2024 Debt Service Fund Series 2024 Amortization Schedule Series 2026 Debt Service Fund

11-12	Series 2026 Amortization Schedule

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	
Revenues						
Assessments - Tax Roll	$	170,163	$	162,628	$	7,535	$	170,163	$	360,086	
Assessments - Direct	$	272,180	$	204,136	$	68,043	$	272,180	$	165,620	
Interest Income	$	-	$	3,240	$	5,600	$	8,840	$	-	
Total Revenues	$	442,343	$	370,005	$	81,179	$	451,183	$	525,706	
Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	2,200	
$	7,000	
$	9,200	
$	12,000	
FICA Expenditures	$	918	$	168	$	536	$	704	$	918	
Engineering	$	15,000	$	-	$	5,000	$	5,000	$	15,000	
Attorney	$	25,000	$	5,321	$	14,583	$	19,905	$	25,000	
Annual Audit	$	4,950	$	-	$	3,700	$	3,700	$	4,650	
Assessment Administration	$	5,500	$	5,500	$	-	$	5,500	$	5,665	
Arbitrage Rebate	$	900	$	450	$	-	$	450	$	1,350	
Dissemination Agent	$	6,500	$	2,292	$	3,792	$	6,083	$	7,695	
Disclosure Software	$	5,000	$	2,500	$	2,500	$	5,000	$	5,000	
Trustee Fees	$	13,475	$	3,185	$	10,290	$	13,475	$	16,750	
Management Fees	$	46,750	$	19,479	$	27,271	$	46,750	$	48,153	
Information Technology	$	1,980	$	825	$	1,155	$	1,980	$	2,039	
Website Maintenance	$	1,320	$	550	$	770	$	1,320	$	1,360	
Postage & Delivery	$	1,000	$	121	$	583	$	704	$	1,000	
Insurance	$	5,750	$	5,300	$	-	$	5,300	$	5,831	
Copies	$	1,000	$	-	$	583	$	583	$	1,000	
Legal Advertising	$	5,000	$	-	$	4,500	$	4,500	$	5,000	
Other Current Charges	$	2,500	$	139	$	315	$	454	$	2,500	
Office Supplies	$	625	$	1	$	365	$	366	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal General & Administrative:	$	155,343	$	48,207	$	82,943	$	131,150	$	161,711	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	
Operations & Maintenance						
Field Expenditures						
Property Insurance	$	7,500	$	627	$	-	$	627	$	3,000	
Field Management	$	16,500	$	6,875	$	9,625	$	16,500	$	16,995	
Landscape Maintenance	$	160,000	$	49,020	$	68,611	$	117,631	$	160,000	
Landscape Replacement	$	2,500	$	-	$	1,458	$	1,458	$	20,000	
Irrigation Repairs	$	5,000	$	3,624	$	2,917	$	6,541	$	10,000	
Streetlights	$	45,000	$	8,661	$	20,209	$	28,870	$	45,000	
Electric	$	5,000	$	-	$	2,917	$	2,917	$	2,500	
Water & Sewer	$	10,000	$	1,952	$	3,850	$	5,802	$	15,000	
Lake Maintenance	$	8,000	$	-	$	4,667	$	4,667	$	8,000	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,458	$	1,458	$	2,500	
General Repairs & Maintenance	$	10,000	$	1,720	$	5,833	$	7,553	$	10,000	
Janitorial Services	$	-	$	-	$	-	$	-	$	6,000	
Field Contingency	$	15,000	$	-	$	8,750	$	8,750	$	15,000	
Subtotal Field Expenditures:	$	287,000	$	72,479	$	130,295	$	202,775	$	313,995	
Other Expenditures		
Transfer Out - Reserves	$	-	$	-	$	-	$	-	$	50,000	
Subtotal Other Expenditures	$	-	$	-	$	-	$	-	$	50,000	

Excess Revenues/(Expenditures)	$	-	$	249,319	$	(132,059)  $	117,259	$	-

Total Expenditures	$	442,343	$	120,686	$	213,238	$	333,924	$	525,706

Net Assessments	$	525,706	
Add: Discounts & Collections 7%	 $	39,569 	
Gross Assessments	$	565,275	

Assessable
Product	Units	Net Assessment	Net Per Unit (7%)	Gross Per Unit	
Assessments - On Roll [Platted]	557	$	360,086	$	646.47	$	695.13	
Assessments - Direct [Platted]	193	$	124,769	$	646.47	$	695.13	
Assessments - Direct [Unplatted]	338	$	40,851	$	120.86	$	129.96	
	1088	$	525,706			

Product	
FY2027	
FY2026	Increase/ (Decrease)		
Assessments - [Platted]	$	695.13	$	547.82	$	147.31		
Assessments - [Unplatted]	$	129.96	$	121.19	$	8.77		

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.

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

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

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

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

Janitorial Services
Represents estimated costs of having trash cans and dog stations serviced throughout the District.

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

Other Expenditures:

Transfer Out - Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Proposed Budget
Series 2024 Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Revenues						
Assessments	$	391,793	$	374,441	$	17,351	$	391,793	$	391,793	
Interest	$	8,015	$	6,088	$	7,306	$	13,394	$	6,697	
Carry Forward Surplus	$	166,102	$	169,512	$	-	$	169,512	$	179,282	
Total Revenues	$	565,910	$	550,042	$	24,657	$	574,698	$	577,771	

Expenditures						
Interest - 12/15	$	153,656	$	153,656	$	-	$	153,656	$	151,595	
Principal - 6/15	$	85,000	$	-	$	85,000	$	85,000	$	90,000	
Interest - 6/15	$	153,656	$	-	$	153,656	$	153,656	$	151,595	
Total Expenditures	$	392,313	$	153,656	$	238,656	$	392,313	$	393,190	

Other Financing Sources/Uses						
Transfer In/(Out)	$	-	$	(3,104)	$	-	$	(3,104)	$	-	
Total Other Financing Sources/Uses	$	-	$	(3,104)	$	-	$	(3,104)	$	-	
						
Excess Revenues/(Expenditures)	$	173,598	$	393,281	$	(213,999)	$	179,282	$	184,581	

Interest Expense 12/15/26	 $	149,413 

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	
									
12/15/26	$	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	
			$	5,550,000.00	$	5,514,742.60	$	11,303,398.85	

Proposed Budget
Series 2026 Debt Service Fund

Description	Adopted Budget
FY2026	Actuals Thru
2/28/26	Projected Next
7 Months	Projected Thru
9/30/26	Proposed Budget
FY2027	

Revenues							

Assessments	
$	
-		
$	
-		
$	
261,822	
$	
261,822	
$	
265,625	
Carry Forward Surplus	$	-		$	-		$	-	$	-	$	187,013	
Total Revenues	$		-	$		-	$	261,822	$	261,822	$	452,638	

Expenditures

Interest - 12/15 Principal - 12/15 Interest - 6/15

$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	74,809	$

-	$
-	$
74,809	$

102,013
85,000
100,313

Total Expenditures	$	-	$	-	$	74,809	$	74,809	$	287,325

Other Financing Sources/Uses

Bond Proceeds	$	-	$	66,406	$	-	$	66,406	$	-	
Total Other Financing Sources/Uses	$	-	$	66,406	$	-	$	66,406	$	-	

Excess Revenues/(Expenditures)	$	-	$	66,406	$	187,013	$	253,419	$	165,313	
			
Interest Expense 12/15/26	
$	100,313	
			Principal Expense 12/15/26	 $	65,000 	
				$	165,313	
Product	Assessable Units	Debt Service	Per Unit	Assessment Per		
Single Family 40	136	$	147,600	$1,085	$1,167		
Single Family 50	87	$	118,025	$1,357	$1,459		
	223	$	265,625			

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
12/15/26	$	3,890,000.00	$	85,000.00	$	102,012.50	$	261,821.67	
06/15/27	$	3,805,000.00	$	-	$	100,312.50	$	-	
12/15/27	$	3,805,000.00	$	65,000.00	$	100,312.50	$	265,625.00	
06/15/28	$	3,740,000.00	$	-	$	99,012.50	$	-	
12/15/28	$	3,740,000.00	$	65,000.00	$	99,012.50	$	263,025.00	
06/15/29	$	3,675,000.00	$	-	$	97,712.50	$	-	
12/15/29	$	3,675,000.00	$	70,000.00	$	97,712.50	$	265,425.00	
06/15/30	$	3,605,000.00	$	-	$	96,312.50	$	-	
12/15/30	$	3,605,000.00	$	70,000.00	$	96,312.50	$	262,625.00	
06/15/31	$	3,535,000.00	$	-	$	94,912.50	$	-	
12/15/31	$	3,305,000.00	$	75,000.00	$	94,912.50	$	264,825.00	
06/15/32	$	3,305,000.00	$	-	$	93,412.50	$	-	
12/15/32	$	3,305,000.00	$	75,000.00	$	93,412.50	$	261,825.00	
06/15/33	$	3,305,000.00	$	-	$	91,912.50	$	-	
12/15/33	$	3,305,000.00	$	80,000.00	$	91,912.50	$	263,825.00	
06/15/34	$	3,305,000.00	$	-	$	90,312.50	$	-	
12/15/34	$	3,305,000.00	$	85,000.00	$	90,312.50	$	265,625.00	
06/15/35	$	3,220,000.00	$	-	$	88,060.00	$	-	
12/15/35	$	3,220,000.00	$	85,000.00	$	88,060.00	$	261,120.00	
06/15/36	$	3,135,000.00	$	-	$	85,807.50	$	-	
12/15/36	$	3,135,000.00	$	90,000.00	$	85,807.50	$	261,615.00	
06/15/37	$	3,045,000.00	$	-	$	83,422.50	$	-	
12/15/37	$	3,045,000.00	$	95,000.00	$	83,422.50	$	261,845.00	
06/15/38	$	2,950,000.00	$	-	$	80,905.00	$	-	
12/15/38	$	2,950,000.00	$	100,000.00	$	80,905.00	$	261,810.00	
06/15/39	$	2,850,000.00	$	-	$	78,255.00	$	-	
12/15/39	$	2,850,000.00	$	105,000.00	$	78,255.00	$	261,510.00	
06/15/40	$	2,745,000.00	$	-	$	75,472.50	$	-	
12/15/40	$	2,745,000.00	$	110,000.00	$	75,472.50	$	260,945.00	
06/15/41	$	2,635,000.00	$	-	$	72,557.50	$	-	
12/15/41	$	2,635,000.00	$	120,000.00	$	72,557.50	$	265,115.00	
06/15/42	$	2,515,000.00	$	-	$	69,377.50	$	-	
12/15/42	$	2,515,000.00	$	125,000.00	$	69,377.50	$	263,755.00	
06/15/43	$	2,390,000.00	$	-	$	66,065.00	$	-	
12/15/43	$	2,390,000.00	$	130,000.00	$	66,065.00	$	262,130.00	
06/15/44	$	2,260,000.00	$	-	$	62,620.00	$	-	
12/15/44	$	2,260,000.00	$	140,000.00	$	62,620.00	$	265,240.00	
06/15/45	$	2,120,000.00	$	-	$	58,910.00	$	-	
12/15/45	$	2,120,000.00	$	145,000.00	$	58,910.00	$	262,820.00	
06/15/46	$	1,975,000.00	$	-	$	55,067.50	$	-	
12/15/46	$	1,975,000.00	$	155,000.00	$	55,067.50	$	265,135.00	
06/15/47	$	1,820,000.00	$	-	$	50,960.00	$	-	

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	

12/15/47	
$	
1,820,000.00	
$	
160,000.00	
$	
50,960.00	
$	
261,920.00	
06/15/48	$	1,660,000.00	$	-	$	46,480.00	$	-	
12/15/48	$	1,660,000.00	$	170,000.00	$	46,480.00	$	262,960.00	
06/15/49	$	1,490,000.00	$	-	$	41,720.00	$	-	
12/15/49	$	1,490,000.00	$	180,000.00	$	41,720.00	$	263,440.00	
06/15/50	$	1,310,000.00	$	-	$	36,680.00	$	-	
12/15/50	$	1,310,000.00	$	190,000.00	$	36,680.00	$	263,360.00	
06/15/51	$	1,120,000.00	$	-	$	31,360.00	$	-	
12/15/51	$	1,120,000.00	$	200,000.00	$	31,360.00	$	262,720.00	
06/15/52	$	920,000.00	$	-	$	25,760.00	$	-	
12/15/52	$	920,000.00	$	210,000.00	$	25,760.00	$	261,520.00	
06/15/53	$	710,000.00	$	-	$	19,880.00	$	-	
12/15/53	$	710,000.00	$	225,000.00	$	19,880.00	$	264,760.00	
06/15/54	$	485,000.00	$	-	$	13,580.00	$	-	
12/15/55	$	485,000.00	$	235,000.00	$	13,580.00	$	262,160.00	
06/15/55	$	250,000.00	$	-	$	7,000.00	$	-	
12/15/55	$	250,000.00	$	250,000.00	$	7,000.00	$	264,000.00	
			$	3,890,000	$	4,004,502	$	7,894,502