Acacia  Grove/Reto  WestAnnexation
Community Development District

Adopted Budget
FY 2025 & 2026

Table of Contents

1

2-3

4

	General Fund

	Narratives

	Assessment Schedule

Adopted Budget General Fund

 With Annexation of Reto West 
Adopted	Adopted	Proposed	Proposed Budget		Budget		Budget		Budget
Description	FY '25, '26, '27	Buildout	FY '25, '26, '27	Buildout	

REVENUES:

Developer Contributions/Maintenance Assessments	$	116,876	$	116,876		

$	167,650	$	167,650	
TOTAL REVENUES	$  116,876	$  116,876			$  167,650	$  167,650	

EXPENDITURES:

Administrative
Engineering	$	5,000	$	5,000
Attorney	10,000	10,000
Annual Audit	4,000	6,000
Assessment Administration	-	2,000
Arbitrage Rebate	-	550
Dissemination Agent	-	1,200
Trustee Fees	-	5,000
Management Fees	35,000	35,000
Website Maintenance	1,000	1,000
Postage & Delivery	250	250
Insurance General Liability	5,500	5,500
Printing & Binding	250	250
Legal Advertising	12,000	5,000
Other Current Charges	600	600
Office Supplies	50	50
Dues, Licenses & Subscriptions	175	175
Contingency	50	50		

$	5,000	$	5,000
10,000	10,000
4,000	6,000
-	2,000
-	550
-	1,200
-	5,000
35,000	35,000
1,000	1,000
250	250
5,500	5,500
250	250
12,000	5,000
600	600
50	50
175	175
50	250	
TOTAL ADMINISTRATIVE	$	73,876	$	77,626			$	73,875	$	77,825	

Field Expenditures

Drainage System	$	12,000	$	12,000
Landscape Maintenance	18,000	18,000
Street Lights	10,000	9,250
Repairs & Maintenance	2,000	-
Monuments & Walls	-	-
Contingencies	1,000	-		

$	12,000	$	12,000
18,000	18,000
10,000	10,000
5,000	5,000
5,000	5,000
43,775	39,825	
TOTAL FIELD EXPENDITURES	$	43,000	$	39,250			$	93,775	$	89,825	
			
TOTAL EXPENDITURES	$  116,876	$  116,876			$  167,650	$  167,650	
			
EXCESS REVENUES (EXPENDITURES)	$	-	$	-			$	-	$	-	

(1) Represents costs associated with the issuance of Bonds.

(1)
(1)
(1)

REVENUES

Developer Contributions/Assessments
The District will levy a Non-Ad Valorem assessment on all platted lots withing the Districts to pay all of the operating expenditures for the Fiscal Year in Accordance with the Adopted Budget.

Expenditures - Administrative

Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
Attorney
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.

Assessment Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.

Arbitrage Rebate
The District has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its bonds.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.

Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.

Expenditures - Administrative (continued)

Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to Florida Commerce for $175.
Contingencies
A contingency for any unanticipated and unscheduled cost to the District.

Expenditures – Field

Drainage System
The cost of operating and maintaining the stormwater management systems within the District boundaries.

Contingencies
A contingency for any unanticipated and unscheduled cost to the District.

FY 2025 & 2026

Type	# Units	Gross Assessment	Gross Assmt Per Unit	Net Assessment	

Villa	
49	
$	23,471	
$	479.00	
$	455.05	
Single Family	195	$	93,405	$	479.00	$	455.05	
	244	$	116,876			

 With Annexation of Reto West	

Type	# Units	Gross Assessment	Gross Assmt Per Unit	Net Assessment	

Villa	
49	
$	23,471	
$	479.00	
$	455.05	
Single Family	195	$	93,405	$	479.00	$	455.05	
Townhomes	106	$	50,774	$	479.00	$	455.05	
	350	$	167,650