Acacia Grove/Reto West Annexation	
Community Development District	

Approved Proposed Budget	
FY 2027	

Table of Contents

1

2-3

4

	General Fund

	Narratives

	Assessment Schedule

Acacia Grove/Reto West Annexation	
Community Development District	
Approved Proposed Budget	
General Fund	

	Adopted
Budget	Approved
Proposed	
Description	FY2026	FY2027	

REVENUES:

Developer Contributions/Maintenance Assessments

$	167,650

$	167,650

TOTAL REVENUES	$	167,650	$	167,650	

EXPENDITURES:

Administrative	
Engineering	
Attorney	
Annual Audit	
Assessment Administration	
Arbitrage Rebate	
Dissemination Agent	
Trustee Fees	
Management Fees	
Website Maintenance	
Postage & Delivery	
Insurance General Liability	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions	
Contingency	

$	5,000	
10,000	
4,000	
-	
-	
-	
-	
35,000	
1,000	
250	
5,500	
250	
12,000	
600	
50	
175	
50	

$	5,000		
10,000		
6,000		
2,000		
550	(1)	
1,200	(1)	
5,000	(1)	
35,000		
1,000		
250		
5,500		
250		
5,000		
600		
50		
175		
250		

TOTAL ADMINISTRATIVE	$	73,875	$	77,825

Field Expenditures

Drainage System	
Landscape Maintenance	
Street Lights	
Repairs & Maintenance	
Monuments & Walls	
Contingencies	

$	12,000	
18,000	
10,000	
5,000	
5,000	
43,775	

$	12,000	
18,000	
10,000	
5,000	
5,000	
39,825	

TOTAL FIELD EXPENDITURES	$	93,775	$	89,825	
			
TOTAL EXPENDITURES	$	167,650	$	167,650	
			
EXCESS REVENUES (EXPENDITURES)	$	-	$	-	

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

Acacia Grove/Reto West Annexation	
Community Development District	
Budget Narrative	
FY 2027	

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.	

Acacia Grove/Reto West Annexation	
Community Development District	
Budget Narrative	
FY 2027	

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.	

Acacia Grove/Reto West Annexation	
Community Development District	
FY 2027	

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