Bartram Park
Community Development District

Approved Budget
FY2026

April 23, 2025

Table of Contents

1		General Fund	

2-3	
	Narratives	

4-6	
	Debt Service Fund Series 2015	

7-8	
	Debt Service Fund Series 2022	

9	
	Capital Reserve Funds	

10	
	Assessments	

Approved Budget General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
Description	FY2025	3/31/25		6 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments - On Roll	$129,495	$126,629	$2,867	$129,495	$129,495	
Interest Earned	6,500	3,198	2,500	5,698	5,000	
Carry Forward Surplus	-	-	-	-	-	
TOTAL REVENUES	$135,995	$129,827	$5,367	$135,193	$134,495	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$4,000	$2,200	$2,000	$4,200	$4,000	
FICA Taxes	306	168	153	321	306	
Engineer	8,500	-	500	500	8,500	
Attorney	15,000	379	6,621	7,000	15,000	
Annual Audit	3,700	-	3,800	3,800	3,900	
Assessment Administration	7,950	7,950	-	7,950	8,348	
Arbitrage Rebate	1,200	1,200	600	1,800	1,260	
Trustee Fees	10,000	8,950	1,750	10,700	10,800	
Management Fees	50,562	25,281	25,281	50,562	53,090	
Information Technology	1,723	861	861	1,723	1,809	
Website Maintenance	1,113	557	557	1,113	1,169	
Telephone	191	5	14	18	150	
Postage & Delivery	400	133	267	400	400	
General Liability and Public Officials Insurance	8,279	7,826	-	7,826	8,279	
Printing & Binding	1,000	28	400	428	500	
Legal Advertising	800	523	277	800	800	
Other Current Charges	500	350	350	700	700	
Office Supplies	100	1	5	6	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Reserves-Transfer out	20,497	-	20,497	20,497	15,210	
TOTAL ADMINISTRATIVE	$135,995	$56,587	$63,932	$120,519	$134,495	
						
TOTAL EXPENDITURES	$135,995	$56,587	$63,932	$120,519	$134,495	
						
EXCESS REVENUES (EXPENDITURES)	$-	$73,240	$(58,565)	$14,675	$(0)	

	FY 2024	FY 2025	FY 2025	
Net Assessments	$	129,495	$	129,495	$	129,495	
Plus Collection Fees (7.5%)	$	10,500	$	10,500	$	10,500	
Gross Assessments	$	139,995	$	139,995	$	139,995	
No. of Units	4,148	4,148	4,148	
Per Unit Assessments	$	33.75	$	33.75	$	33.75	

REVENUES

Special Assessments-Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 4 meetings.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
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.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Arbitrage
The District is required to have an Arbitrage Rebate Calculation on the districts 2015 Special Assessment Bonds and 2022 Revenue Refunding Note. The district has contracted with Grau & Associates to provide these calculations for each bond issue
Trustee Fees
The District issued Series 2015 Special Assessment Bonds and Series 2022 Revenue Refunding Note which are held with a Trustee at BNY Mellon. The amount of the trustee fees is based on the agreement between BNY Mellon and the District for each bond issue.
District Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Information Technology
Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. contracted with Governmental Management Services.
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. contracted with Governmental Management Services, LLC.
Telephone
Phone, Internet, and fax service for office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Expenditures - Administrative (continued)

General Liability and Public Officials Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance, a qualified entity that specializes in providing insurance coverage to governmental agencies. This is the estimated premium.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
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
Bank charges, amortization schedule fees, and any other miscellaneous expenses that are incurred 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 the Florida Department of Commerce for $175.
Capital Reserve
The District has established a maintenance reserve to fund the renewal and replacement of the District’s capital related facilities.

Approved Budget
Debt Service Series 2015A1 & A2 Special Assessment Refunding Bonds

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
	Description	FY2025	3/31/25		6 Months		9/30/25	FY 2026	

REVENUES:							

Special Assessments-On Roll	
$1,305,910	
$1,277,000	
$28,909	
$1,305,910	
$1,305,910	
Interest Earnings	30,000	27,983	20,000	47,983	30,000	
Carry Forward Surplus (1)	321,702	334,092	-	334,092	299,051	
TOTAL REVENUES	$1,657,612	$1,639,076	$48,909	$1,687,985	$1,634,961	

EXPENDITURES:						
Series 2015A1						
Interest 11/1	$195,956	195,956	$-	$195,956	$180,719	
Interest 2/1	-	709	-	709	-	
Prepayment 2/1	-	65,000	-	65,000	-	
Interest 5/1	195,956	-	194,538	194,538	180,719	
Principal 5/1	645,000	-	640,000	640,000	665,000	
Prepayment 5/1	-	-	10,000	10,000	-	
Series 2015A2						
Interest 11/1	53,988	53,988	-	53,988	50,000	
Interest 2/1	-	244	-	244		
Prepayment 2/1	-	20,000	-	20,000		
Interest 5/1	53,988	-	53,500	53,500	50,000	
Principal 5/1	155,000	-	150,000	150,000	160,000	
Prepayment 5/1	-	-	5,000	5,000	-	
TOTAL EXPENDITURES	$1,299,888	$335,897	$1,053,038	$1,388,934	$1,286,438	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$1,299,888	$335,897	$1,053,038	$1,388,934	$1,286,438	
						
EXCESS REVENUES (EXPENDITURES)	$357,724	$1,303,179	$(1,004,128)	$299,051	$348,523	

ement	Series 2015 A1 Interest Due 11/1/26	$166,587.50	
	Series 2015 A2 Interest Due 11/1/26	$46,000.00	
		$212,587.50	
			
Net Assessments		$1,305,910	
Plus Collection Fees (7.5%)		$97,943	
Gross Assessments		$1,403,853	

(1) Carry Forward is Net of Reserve Requir

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	8,190,000		-	180,718.75	180,718.75	
05/01/26	8,190,000	4.250%	665,000	180,718.75		
11/01/26	7,525,000		-	166,587.50	1,012,306.25	
05/01/27	7,525,000	4.250%	695,000	166,587.50		
11/01/27	6,830,000		-	151,818.75	1,013,406.25	
05/01/28	6,830,000	4.250%	725,000	151,818.75		
11/01/28	6,105,000		-	136,412.50	1,013,231.25	
05/01/29	6,105,000	4.250%	760,000	136,412.50		
11/01/29	5,345,000		-	120,262.50	1,016,675.00	
05/01/30	5,345,000	4.500%	795,000	120,262.50		
11/01/30	4,550,000		-	102,375.00	1,017,637.50	
05/01/31	4,550,000	4.500%	830,000	102,375.00		
11/01/31	3,720,000		-	83,700.00	1,016,075.00	
05/01/32	3,720,000	4.500%	870,000	83,700.00		
11/01/32	2,850,000		-	64,125.00	1,017,825.00	
05/01/33	2,850,000	4.500%	905,000	64,125.00		
11/01/33	1,945,000		-	43,762.50	1,012,887.50	
05/01/34	1,945,000	4.500%	950,000	43,762.50		
11/01/34	995,000		-	22,387.50	1,016,150.00	
05/01/35	995,000	4.500%	995,000	22,387.50		
					1,017,387.50	
Total			$8,190,000	$2,144,300	$10,334,300	

AMORTIZATION SCHEDULE
Debt Service Series 2015A2 Special Assessment Refunding Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	2,000,000	5.000%	-	50,000	50,000.00	
05/01/26	2,000,000	5.000%	160,000	50,000		
11/01/26	1,840,000	5.000%	-	46,000	256,000.00	
05/01/27	1,840,000	5.000%	165,000	46,000		
11/01/27	1,675,000	5.000%	-	41,875	252,875.00	
05/01/28	1,675,000	5.000%	175,000	41,875		
11/01/28	1,500,000	5.000%	-	37,500	254,375.00	
05/01/29	1,500,000	5.000%	185,000	37,500		
11/01/29	1,315,000	5.000%	-	32,875	255,375.00	
05/01/30	1,315,000	5.000%	195,000	32,875		
11/01/30	1,120,000	5.000%	-	28,000	255,875.00	
05/01/31	1,120,000	5.000%	200,000	28,000		
11/01/31	920,000	5.000%	-	23,000	251,000.00	
05/01/32	920,000	5.000%	215,000	23,000		
11/01/32	705,000	5.000%	-	17,625	255,625.00	
05/01/33	705,000	5.000%	225,000	17,625		
11/01/33	480,000	5.000%	-	12,000	254,625.00	
05/01/34	480,000	5.000%	235,000	12,000		
11/01/34	245,000	5.000%	-	6,125	253,125.00	
05/01/35	245,000	5.000%	245,000	6,125		
					251,125.00	
Total			$2,000,000	$590,000	$2,590,000	

Approved Budget
Debt Service Series 2022 Revenue Refunding Note

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
	Description	FY2025	3/31/25		6 Months		9/30/25	FY 2026	

REVENUES:							

Special Assessments-On Roll	
$1,042,770	
$1,023,293	
$23,166	
$1,046,459	
$1,046,459	
Interest Earnings	14,000	12,295	9,000	21,295	18,000	
Carry Forward Surplus (1)	244,379	244,553	-	244,553	260,627	
TOTAL REVENUES	$1,301,149	$1,280,141	$32,166	$1,312,307	$1,325,085	

EXPENDITURES:						
Interest 11/1	$158,340	$158,340	$-	$158,340	$147,980	
Interest 5/1	158,340	-	158,340	158,340	147,980	
Principal 5/1	735,000	-	735,000	735,000	755,000	
TOTAL EXPENDITURES	$1,051,680	$158,340	$893,340	$1,051,680	$1,050,960	

Other Sources/(Uses)

Interfund transfer In/(Out)

$-	$-	$-

$-	$-

TOTAL OTHER SOURCES/(USES)

$-

$-

$-

$-

$-

TOTAL EXPENDITURES

$1,051,680	$158,340	$893,340	$1,051,680	$1,050,960

EXCESS REVENUES (EXPENDITURES)

$249,469	$1,121,801	$(861,174)	$260,627	$274,125

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

$137,410.00

AMORTIZATION SCHEDULE
Debt Service Series 2022 Revenue Refunding Note

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	10,570,000	2.800%	-	147,980	147,980.00	
05/01/26	10,570,000	2.800%	755,000	147,980		
11/01/26	9,815,000	2.800%	-	137,410	1,040,390.00	
05/01/27	9,815,000	2.800%	775,000	137,410		
11/01/27	9,040,000	2.800%	-	126,560	1,038,970.00	
05/01/28	9,040,000	2.800%	795,000	126,560		
11/01/28	8,245,000	2.800%	-	115,430	1,036,990.00	
05/01/29	8,245,000	2.800%	820,000	115,430		
11/01/29	7,425,000	2.800%	-	103,950	1,039,380.00	
05/01/30	7,425,000	2.800%	840,000	103,950		
11/01/30	6,585,000	2.800%	-	92,190	1,036,140.00	
05/01/31	6,585,000	2.800%	865,000	92,190		
11/01/31	5,720,000	2.800%	-	80,080	1,037,270.00	
05/01/32	5,720,000	2.800%	890,000	80,080		
11/01/32	4,830,000	2.800%	-	67,620	1,037,700.00	
05/01/33	4,830,000	2.800%	915,000	67,620		
11/01/33	3,915,000	2.800%	-	54,810	1,037,430.00	
05/01/34	3,915,000	2.800%	945,000	54,810		
11/01/34	2,970,000	2.800%	-	41,580	1,041,390.00	
05/01/35	2,970,000	2.800%	965,000	41,580		
11/01/35	2,005,000	2.800%	-	28,070	1,034,650.00	
05/01/36	2,005,000	2.800%	990,000	28,070		
11/01/36	1,015,000	2.800%	-	14,210	1,032,280.00	
05/01/37	1,015,000	2.800%	1,015,000	14,210		
					1,029,210.00	
Total			$10,570,000	$2,019,780	$12,589,780	

Approved Budget Capital Reserve Fund

Description

Adopted Budget
FY2025

Actuals
Thru	Projected Next
3/31/25		6 Months	

Projected Thru
9/30/25

Approved Budget
FY 2026

REVENUES:

Capital Reserve-Transfer In

$20,497

$-	$20,497

$20,497

$15,210

Interest Income	1,200	3,112	3,240	6,352	4,000
Carry Forward Balance	154,549	154,571	-	154,571	181,007

TOTAL REVENUES

$176,246

$157,683

$23,737	$181,420	$200,217

EXPENDITURES:
Capital Outlay

$-	$-	$-

$-	$-

Repair and Replacements	-	-	-	-	-
Other Current Charges	400	126	288	414	425

TOTAL EXPENDITURES

$400

$126

$288

$414

$425

Other Sources/(Uses)

Transfer in/(Out)

$-	$-	$-

$-	$-

TOTAL OTHER SOURCES/(USES)

$-

$-

$-

$-

$-

TOTAL EXPENDITURES

$400

$126

$288

$414

$425

EXCESS REVENUES (EXPENDITURES)

$175,846

$157,558

$23,449	$181,007	$199,792

Bartram Park
Community Development District
Non-Ad Valorem Assessments Comparison 2024-2025

Neighborhood	O&M Units	Note 2015 Units	Bonds 2022 Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	
							Series 2015	Series 2022	Series 2015	Series 2022	Total	Series 2015	Series 2022	Series 2015	Series 2022	Total	

Hawthorn - MF	
196	
189	
0	
$33.75	
$33.75	
$0.00	
$633.66	
$0.00	
$633.66	
$0.00	
$0.00	
$667.41	
$0.00	
$667.41	
$0.00	
$0.00	
Twinleaf - MF	302	302	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Bartram Park Office	111	111	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Verano - MF	296	296	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Greenbrier - MF	344	344	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Arrowood - MF	212	212	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Summerlin - MF	320	320	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Emerald Preserve - MF	168	168	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Carlton - MF	395	0	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Franklin Office	105	0	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Bayberry - MF	286	286	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Arium at Bartram Park	323	0	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Carlyle at Bartram Park	336	0	0	$33.75	$33.75	$0.00	$633.66	$0.00	$633.66	$0.00	$0.00	$667.41	$0.00	$667.41	$0.00	$0.00	
Preserve Unit 1 40'	121	0	120	$33.75	$33.75	$0.00	$633.66	$1,344.97	$633.66	$1,344.97	$0.00	$667.41	$1,378.72	$667.41	$1,378.72	$0.00	
Preserve Unit 1 50'	41	0	40	$33.75	$33.75	$0.00	$633.66	$1,681.22	$633.66	$1,681.22	$0.00	$667.41	$1,714.97	$667.41	$1,714.97	$0.00	
Preserve Unit 1 50'	6	0	6	$33.75	$33.75	$0.00	$633.66	$1,571.71	$633.66	$1,571.71	$0.00	$667.41	$1,605.46	$667.41	$1,605.46	$0.00	
Preserve Unit 1 60'	45	0	45	$33.75	$33.75	$0.00	$633.66	$2,017.46	$633.66	$2,017.46	$0.00	$667.41	$2,051.21	$667.41	$2,051.21	$0.00	
Preserve Unit 1 60'	5	0	5	$33.75	$33.75	$0.00	$633.66	$1,571.71	$633.66	$1,571.71	$0.00	$667.41	$1,605.46	$667.41	$1,605.46	$0.00	
Preserve Unit 2 40'	143	0	143	$33.75	$33.75	$0.00	$633.66	$1,365.07	$633.66	$1,365.07	$0.00	$667.41	$1,398.82	$667.41	$1,398.82	$0.00	
Preserve Unit 2 50'	54	0	54	$33.75	$33.75	$0.00	$633.66	$1,706.34	$633.66	$1,706.34	$0.00	$667.41	$1,740.09	$667.41	$1,740.09	$0.00	
Preserve Unit 2 60'	21	0	21	$33.75	$33.75	$0.00	$633.66	$2,047.60	$633.66	$2,047.60	$0.00	$667.41	$2,081.35	$667.41	$2,081.35	$0.00	
Montevilla	156	0	134	$33.75	$33.75	$0.00	$633.66	$1,656.66	$633.66	$1,656.66	$0.00	$667.41	$1,690.41	$667.41	$1,690.41	$0.00	
Montevilla - Paydown	1	0	1	$33.75	$33.75	$0.00	$633.66	$1,234.43	$633.66	$1,234.43	$0.00	$667.41	$1,268.18	$667.41	$1,268.18	$0.00	
Montevilla - Paydown	3	0	3	$33.75	$33.75	$0.00	$633.66	$785.85	$633.66	$785.85	$0.00	$667.41	$819.60	$667.41	$819.60	$0.00	
Preserve Unit 3 40'	100	0	99	$33.75	$33.75	$0.00	$633.66	$1,359.86	$633.66	$1,359.86	$0.00	$667.41	$1,393.61	$667.41	$1,393.61	$0.00	
Preserve Unit 3 50'	36	0	36	$33.75	$33.75	$0.00	$633.66	$1,699.83	$633.66	$1,699.83	$0.00	$667.41	$1,733.58	$667.41	$1,733.58	$0.00	
Preserve Unit 3 '60	22	0	21	$33.75	$33.75	$0.00	$633.66	$2,039.80	$633.66	$2,039.80	$0.00	$667.41	$2,073.55	$667.41	$2,073.55	$0.00	
Total	4148	2228	728