Epmore/Dunagans Annexation	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1

2-3

4-6

7

	General Fund

	Narratives

	Debt Service Fund Series 2026

	Assessment Schedule

Epmore/Dunagans Annexation	
Community Development District	
Adopted Budget	
General Fund	

  With Annexation of Dunagans 	
Adopted Budget	Adopted Budget	
Description	FY 2026	FY 2027	

REVENUES:

Developer Contributions/Maintenance Assessments

$	109,005

$	109,005

TOTAL REVENUES	$	109,005	$	109,005	

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	

$	10,000	$	10,000		
15,000	15,000		
6,000	6,000		
2,000	2,000	(1)	
550	550	(1)	
1,200	1,200	(1)	
5,000	5,000	(1)	
35,000	35,000		
1,000	1,000		
250	250		
7,000	7,000		
250	250		
5,000	5,000		
530	530		
50	50		
175	175		
2,500	2,500		

TOTAL ADMINISTRATIVE	$	91,505	$	91,505

Field Expenditures

Landscape Maintenance	
Mail Kiosk	

$	15,000	
2,500	

$	15,000	
2,500	

TOTAL FIELD EXPENDITURES	$	17,500	$	17,500	
			
TOTAL EXPENDITURES	$	109,005	$	109,005	
			
EXCESS REVENUES (EXPENDITURES)	$	-	$	-	

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

Epmore/Dunagans 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.	

Epmore/Dunagans 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	

Landscape Maintenance	
The cost of maintaining the common area tracts.	
Mailbox Kiosk	
The maintenance of the resident's mailbox kiosk.	

Epmore/Dunagans Annexation	
Community Development District	
Adopted Budget	
Debt Service Series 2026 Special Assessment Bonds	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-Direct	$	-	$	-	$	-	$	-	$	206,400	
Interest Earnings	-	-	-	-	-	
Carry Forward Surplus (1)	-	-	-	-	99,815	

TOTAL REVENUES	$	-	$	-	$	-	$	-	$	306,215	

EXPENDITURES:

Interest - 11/1	$	-	$	-	$	-	$	-	$	79,175	
Interest - 5/1	19,354	19,354	-	19,354	79,175	
Principal - 5/1	-	-	-	-	45,000	

TOTAL EXPENDITURES	$	19,354	$	19,354	$	-	$	19,354	$	203,350	

Other Sources/(Uses)

Bond Proceeds	$	119,169	$	119,169	$	-	$	119,169	$	-	
Interfund transfer In/(Out)	-	-	-	-	-	

TOTAL OTHER SOURCES/(USES)	$	119,169	$	119,169	$	-	$	119,169	$	-	

TOTAL EXPENDITURES	$	(99,815)	$	(99,815)	$	-	$	(99,815)	$	203,350	

EXCESS REVENUES (EXPENDITURES)	$	99,815	$	99,815	$	-	$	99,815	$	102,865	

Interest Due 11/1/27	$	78,275	

(1) Carry Forward is Net of Reserve Requirement

Epmore/Dunagans Annexation	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2026 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/26	$3,055,000	4.000%	$-	$19,354		
11/01/26	3,055,000	4.000%		79,175	98,528.89	
05/01/27	3,055,000	4.000%	45,000	79,175		
11/01/27	3,010,000	4.000%		78,275	202,450.00	
05/01/28	3,010,000	4.000%	50,000	78,275		
11/01/28	2,960,000	4.000%		77,275	205,550.00	
05/01/29	2,960,000	4.000%	50,000	77,275		
11/01/29	2,910,000	4.000%		76,275	203,550.00	
05/01/30	2,910,000	4.000%	50,000	76,275		
11/01/30	2,860,000	4.000%		75,275	201,550.00	
05/01/31	2,860,000	4.000%	55,000	75,275		
11/01/31	2,805,000	4.000%		74,175	204,450.00	
05/01/32	2,805,000	4.000%	55,000	74,175		
11/01/32	2,750,000	4.000%		73,075	202,250.00	
05/01/33	2,750,000	4.000%	60,000	73,075		
11/01/33	2,690,000	4.000%		71,875	204,950.00	
05/01/34	2,690,000	5.125%	60,000	71,875		
11/01/34	2,630,000	5.125%		70,338	202,212.50	
05/01/35	2,630,000	5.125%	65,000	70,338		
11/01/35	2,565,000	5.125%		68,672	204,009.38	
05/01/36	2,565,000	5.125%	70,000	68,672		
11/01/36	2,495,000	5.125%		66,878	205,550.00	
05/01/37	2,495,000	5.125%	70,000	66,878		
11/01/37	2,425,000	5.125%		65,084	201,962.50	
05/01/38	2,425,000	5.125%	75,000	65,084		
11/01/38	2,350,000	5.125%		63,163	203,246.88	
05/01/39	2,350,000	5.125%	80,000	63,163		
11/01/39	2,270,000	5.125%		61,113	204,275.00	
05/01/40	2,270,000	5.125%	85,000	61,113		
11/01/40	2,185,000	5.125%		58,934	205,046.88	
05/01/41	2,185,000	5.125%	90,000	58,934		
11/01/41	2,095,000	5.125%		56,628	205,562.50	
05/01/42	2,095,000	5.125%	95,000	56,628		
11/01/42	2,000,000	5.125%		54,194	205,821.88	
05/01/43	2,000,000	5.125%	100,000	54,194		
11/01/43	1,900,000	5.125%		51,631	205,825.00	
05/01/44	1,900,000	5.125%	105,000	51,631		
11/01/44	1,795,000	5.125%		48,941	205,571.88	
05/01/45	1,795,000	5.125%	110,000	48,941		
11/01/45	1,685,000	5.125%		46,122	205,062.50	
05/01/46	1,685,000	5.125%	115,000	46,122		
11/01/46	1,570,000	5.125%		43,175	204,296.88	
05/01/47	1,570,000	5.500%	120,000	43,175		
11/01/47	1,450,000	5.500%		39,875	203,050.00	
05/01/48	1,450,000	5.500%	125,000	39,875		
11/01/48	1,325,000	5.500%		36,438	201,312.50	
05/01/49	1,325,000	5.500%	135,000	36,438		
11/01/49	1,190,000	5.500%		32,725	204,162.50	
05/01/50	1,190,000	5.500%	140,000	32,725		
11/01/50	1,050,000	5.500%		28,875	201,600.00	
05/01/51	1,050,000	5.500%	150,000	28,875		
11/01/51	900,000	5.500%		24,750	203,625.00	
05/01/52	900,000	5.500%	160,000	24,750		

Epmore/Dunagans Annexation	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2026 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

Continued						
11/01/52	740,000	5.500%		20,350	205,100.00	
05/01/53	740,000	5.500%	170,000	20,350		
11/01/53	570,000	5.500%		15,675	206,025.00	
05/01/54	570,000	5.500%	180,000	15,675		
11/01/54	390,000	5.500%		10,725	206,400.00	
05/01/55	390,000	5.500%	190,000	10,725		
11/01/55	200,000	5.500%		5,500	206,225.00	
05/01/56	200,000	5.500%	200,000	5,500		
11/01/56	-	5.500%		-	205,500.00	

Total	$3,055,000	$3,169,723	$6,224,723	

Epmore/Dunagans Annexation	
Community Development District	
Non-Ad Valorem Assessments Comparison	
FY 2027	

Neighborhood	O&M Units	Bonds Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2027	FY 2026	Variance	FY 2027	FY 2026	Variance	FY 2027	FY 2026	Variance	

Single Family*	

115	

115	

$382.47	

$0.00	

$382.47	

$1,889.24	

$0.00	

$1,889.24	

$2,271.72	

$0.00	

$2,271.72	
Single Family 50'	149	0	$382.47	$0.00	$382.47	$0.00	$0.00	$0.00	$382.47	$0.00	$382.47	
Multi-Family	36	0	$382.47	$0.00	$382.47	$0.00	$0.00	$0.00	$382.47	$0.00	$382.47	
Total	300	115				
*Gross Acres 38.48