Bartram Park
Community Development District

Approved Budget
FY 2027

April 22, 2026

Table of Contents

1

2-3

4-6

7-8

9

	General Fund

	Narratives

	Debt Service Fund Series 2015

	Debt Service Fund Series 2022

	Capital Reserve Fund

Approved Budget General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
Description	FY2026	3/31/26		6 Months		9/30/26	FY 2027	

REVENUES:						
Special Assessments - On Roll	$129,495	$126,400	$3,095	$129,495	$129,495	
Interest Earned	5,000	2,425	2,575	5,000	5,000	
Carry Forward Surplus	-	-	-	-	-	
TOTAL REVENUES	$134,495	$128,825	$5,671	$134,495	$134,495	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$4,000	$1,600	$2,000	$3,600	$4,000	
FICA Taxes	306	122	153	275	306	
Engineer	8,500	113	500	613	8,500	
Attorney	15,000	1,346	5,655	7,000	15,000	
Annual Audit	3,900	3,600	-	3,600	3,700	
Assessment Administration	8,348	8,348	-	8,348	8,849	
Arbitrage Rebate	1,260	-	1,260	1,260	1,260	
Trustee Fees	10,800	8,950	1,850	10,800	10,800	
Management Fees	53,090	26,545	26,545	53,090	56,275	
Information Technology	1,809	905	905	1,809	1,918	
Website Maintenance	1,169	585	584	1,169	1,239	
Telephone	150	9	20	29	150	
Postage & Delivery	400	188	212	400	400	
General Liability and Public Officials Insurance	8,279	8,295	-	8,295	9,125	
Meeting Room Rental	-	400	800	1,200	1,250	
Printing & Binding	500	39	161	200	500	
Legal Advertising	800	802	880	1,682	1,600	
Other Current Charges	1,500	300	300	600	1,000	
Office Supplies	100	0	20	20	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Reserves-Transfer out	14,410	-	14,410	14,410	8,348	
TOTAL ADMINISTRATIVE	$134,495	$62,321	$56,254	$118,575	$134,495	
						
TOTAL EXPENDITURES	$134,495	$62,321	$56,254	$118,575	$134,495	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	-	-	-	-	-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
EXCESS REVENUES (EXPENDITURES)	$-	$66,503	$(50,583)	$15,920	$-	

	FY 2025	FY 2026	FY 2027	
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.
Meeting Room Rental
The cost to rent location to hold district meetings.
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, Meeting rental fees, and any other miscellaneous expenses that are incurred
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 - Transfer Out
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	FY2026	3/31/26		6 Months		9/30/26	FY 2027	

REVENUES:							

Special Assessments-On Roll	
$1,305,910	
$1,274,697	
$31,213	
$1,305,910	
$1,305,910	
Interest Earnings	35,000	24,008	20,540	44,548	35,000	
Carry Forward Surplus (1)	160,974	311,042	-	311,042	290,299	
TOTAL REVENUES	$1,501,884	$1,609,746	$51,753	$1,661,499	$1,631,209	

EXPENDITURES:						
Series 2015A1						
Interest 11/1	$180,719	$180,719	$-	$180,719	$165,144	
Special Call 11/1	-	5,000	-	5,000		
Interest 5/1	180,719	-	180,606	180,606	165,144	
Principal 5/1	665,000	-	665,000	665,000	690,000	
Special Call 5/1	-	-	60,000	60,000	-	
Series 2015A2						
Interest 11/1	50,000	50,000	-	50,000	45,500	
Special Call 11/1	-	5,000	-	5,000	-	
Interest 5/1	50,000	-	49,875	49,875	45,500	
Principal 5/1	160,000	-	160,000	160,000	165,000	
Special Call 5/1	-	-	15,000	15,000	-	
TOTAL EXPENDITURES	$1,286,438	$240,719	$1,130,481	$1,371,200	$1,276,288	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$1,286,438	$240,719	$1,130,481	$1,371,200	$1,276,288	
						
EXCESS REVENUES (EXPENDITURES)	$215,447	$1,369,027	$(1,078,728)	$290,299	$354,922	

ement	Series 2015 A1 Interest Due 11/1/27	$150,481.25	
	Series 2015 A2 Interest Due 11/1/27	$41,375.00	
		$191,856.25	
			
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	
						
11/01/26	7,460,000		-	165,143.75	165,143.75	
05/01/27	7,460,000	4.250%	690,000	165,143.75		
11/01/27	6,770,000		-	150,481.25	1,005,625.00	
05/01/28	6,770,000	4.250%	720,000	150,481.25		
11/01/28	6,050,000		-	135,181.25	1,005,662.50	
05/01/29	6,050,000	4.250%	755,000	135,181.25		
11/01/29	5,295,000		-	119,137.50	1,009,318.75	
05/01/30	5,295,000	4.500%	785,000	119,137.50		
11/01/30	4,510,000		-	101,475.00	1,005,612.50	
05/01/31	4,510,000	4.500%	825,000	101,475.00		
11/01/31	3,685,000		-	82,912.50	1,009,387.50	
05/01/32	3,685,000	4.500%	860,000	82,912.50		
11/01/32	2,825,000		-	63,562.50	1,006,475.00	
05/01/33	2,825,000	4.500%	900,000	63,562.50		
11/01/33	1,925,000		-	43,312.50	1,006,875.00	
05/01/34	1,925,000	4.500%	940,000	43,312.50		
11/01/34	985,000		-	22,162.50	1,005,475.00	
05/01/35	985,000	4.500%	985,000	22,162.50		
					1,007,162.50	
Total			$7,460,000	$1,766,738	$9,226,738	

AMORTIZATION SCHEDULE
Debt Service Series 2015A2 Special Assessment Refunding Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	1,820,000	5.000%	-	45,500	45,500.00	
05/01/27	1,820,000	5.000%	165,000	45,500		
11/01/27	1,655,000	5.000%	-	41,375	251,875.00	
05/01/28	1,655,000	5.000%	175,000	41,375		
11/01/28	1,480,000	5.000%	-	37,000	253,375.00	
05/01/29	1,480,000	5.000%	180,000	37,000		
11/01/29	1,300,000	5.000%	-	32,500	249,500.00	
05/01/30	1,300,000	5.000%	190,000	32,500		
11/01/30	1,110,000	5.000%	-	27,750	250,250.00	
05/01/31	1,110,000	5.000%	200,000	27,750		
11/01/31	910,000	5.000%	-	22,750	250,500.00	
05/01/32	910,000	5.000%	210,000	22,750		
11/01/32	700,000	5.000%	-	17,500	250,250.00	
05/01/33	700,000	5.000%	220,000	17,500		
11/01/33	480,000	5.000%	-	12,000	249,500.00	
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			$1,820,000	$485,000	$2,305,000	

Approved Budget
Debt Service Series 2022 Revenue Refunding Note

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
	Description	FY2026	3/31/26		6 Months		9/30/26	FY 2027	

REVENUES:							

Special Assessments-On Roll	
$1,046,459	
$1,021,447	
$25,012	
$1,046,459	
$1,046,459	
Interest Earnings	18,000	11,296	9,500	20,796	18,000	
Carry Forward Surplus (1)	262,966	263,078	-	263,078	269,443	
TOTAL REVENUES	$1,327,425	$1,295,821	$34,512	$1,330,333	$1,333,902	

EXPENDITURES:						
Interest 11/1	$147,980	$147,980	$-	$147,980	$137,270	
Special Call 11/1	-	5,000	-	5,000	-	
Interest 5/1	147,980	-	147,910	147,910	137,270	
Principal 5/1	755,000	-	755,000	755,000	775,000	
Special Call 5/1	-	-	5,000	5,000	-	
TOTAL EXPENDITURES	$1,050,960	$152,980	$907,910	$1,060,890	$1,049,540	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$1,050,960	$152,980	$907,910	$1,060,890	$1,049,540	
						
EXCESS REVENUES (EXPENDITURES)	$276,465	$1,142,841	$(873,398)	$269,443	$284,362	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$126,420.00

AMORTIZATION SCHEDULE
Debt Service Series 2022 Revenue Refunding Note

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	9,805,000	2.800%	-	137,270	137,270.00	
05/01/27	9,805,000	2.800%	775,000	137,270		
11/01/27	9,030,000	2.800%	-	126,420	1,038,690.00	
05/01/28	9,030,000	2.800%	795,000	126,420		
11/01/28	8,235,000	2.800%	-	115,290	1,036,710.00	
05/01/29	8,235,000	2.800%	815,000	115,290		
11/01/29	7,420,000	2.800%	-	103,880	1,034,170.00	
05/01/30	7,420,000	2.800%	840,000	103,880		
11/01/30	6,580,000	2.800%	-	92,120	1,036,000.00	
05/01/31	6,580,000	2.800%	865,000	92,120		
11/01/31	5,715,000	2.800%	-	80,010	1,037,130.00	
05/01/32	5,715,000	2.800%	890,000	80,010		
11/01/32	4,825,000	2.800%	-	67,550	1,037,560.00	
05/01/33	4,825,000	2.800%	915,000	67,550		
11/01/33	3,910,000	2.800%	-	54,740	1,037,290.00	
05/01/34	3,910,000	2.800%	940,000	54,740		
11/01/34	2,970,000	2.800%	-	41,580	1,036,320.00	
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			$9,805,000	$1,722,280	$11,527,280	

Approved Budget Capital Reserve Fund

Description

Adopted Budget
FY2026

Actuals
Thru	Projected Next
3/31/26		6 Months	

Projected Thru
9/30/26

Approved Budget
FY 2027

REVENUES:		
Capital Reserve-Transfer In	$14,410	$-	$14,410	$14,410	$8,348	
Interest Income	4,000	3,310	3,150	6,460	6,000	
Carry Forward Balance	180,897	180,985	-	180,985	201,180	
TOTAL REVENUES	$199,307	$184,295	$17,560	$201,855	$215,528	

EXPENDITURES:						
Capital Outlay	$-	$-	$-	$-	$-	
Repair and Replacements	-	-	-	-	-	
Other Current Charges	425	327	348	675	700	
TOTAL EXPENDITURES	$425	$327	$348	$675	$700	

Other Sources/(Uses)						
Transfer in/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$425	$327	$348	$675	$700	
						
EXCESS REVENUES (EXPENDITURES)	$198,882	$183,968	$17,212	$201,180	$214,828