Epmore/Dunagans Annexation	
Community Development District	

Adopted Budget	
FY 2025 & 2026	

Table of Contents

1

2-3

4

	General Fund

	Narratives

	Assessment Schedule

Epmore/Dunagans Annexation	
Community Development District	
Adopted Budget	
General Fund	

  With Annexation of Dunagans 	
Adopted Budget	Adopted Budget	
Description	FY 2025	FY 2026	

REVENUES:

Developer Contributions/Maintenance Assessments

$	79,005

$	109,005

TOTAL REVENUES	$	79,005	$	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		
-	2,000	(1)	
-	550	(1)	
-	1,200	(1)	
-	5,000	(1)	
35,000	35,000		
1,000	1,000		
250	250		
5,500	7,000		
250	250		
10,000	5,000		
600	530		
50	50		
175	175		
1,180	2,500		

TOTAL ADMINISTRATIVE	$	79,005	$	91,505

Field Expenditures

Landscape Maintenance	
Mail Kiosk	

$	-	
-	

$	15,000	
2,500	

TOTAL FIELD EXPENDITURES	$	-	$	17,500	
			
TOTAL EXPENDITURES	$	79,005	$	109,005	
			
EXCESS REVENUES (EXPENDITURES)	$	-	$	-	

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

Epmore/Dunagans Annexation	
Community Development District	
Budget Narrative	
FY 2025 & 2026	

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 2025 & 2026	

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

With Annexation of Dunagans

FY 2025 & 2026

Type		# Units	Gross Assessment	Gross Assmt Per
Unit	Net Assessment	Net Assessment	

Single Family		
115	
43,984.47	
$	382.47	
$	41,785.25	
$	363.35	
Single Family	50	149	56,988.58	382.47	54,139.15	363.35	
Multi-Family		36	13,769.05	382.47	13,080.60	363.35	
300	114,742.11		109,005.00		

Total with Annexation  $	114,742.11

$	109,005.00