Candler Hills East
Community Development District

Proposed Budget
FY2026

Table of Contents

1

2-4

5

6

7
General Fund

General Fund Narrative

Debt Service Fund - Series 2016

Amortization Schedule - Series 2016

Capital Reserves Fund

Candler Hills East
Community Development District Adopted Budget
General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget			
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026			

Revenues							
Maintenance Assessments		$	55,051	$	53,317	$	1,734	$	55,051	$	55,051	
Interest		$	-	$	4	$	-	$	4	$	-	
Carry Forward Surplus		$	14,447	$	55,813	$	-	$	55,813	$	14,135	
Total Revenues		$	69,498	$	109,134	$	1,734	$	110,868	$	69,186	

Expenditures							
General & Administrative							
Supervisor Fees		$	4,000	$	2,600	$	1,400	$	4,000	$	4,000	
FICA Expense		$	306	$	184	$	107	$	291	$	306	
Engineering		$	4,000	$	-	$	2,000	$	2,000	$	4,000	
Trustee Fees		$	2,050	$	337	$	1,713	$	2,050	$	2,255	
Dissemination		$	2,783	$	1,492	$	1,392	$	2,884	$	2,866	
Arbitrage		$	450	$	450	$	-	$	450	$	450	
Assessment Roll		$	5,565	$	5,565	$	-	$	5,565	$	5,732	
Attorney		$	6,500	$	4,730	$	1,770	$	6,500	$	6,500	
Annual Audit		$	3,515	$	3,200	$	-	$	3,200	$	3,300	
Management Fees		$	9,836	$	4,918	$	4,920	$	9,838	$	10,131	
Information Technology		$	1,050	$	525	$	528	$	1,053	$	1,082	
Website Maintenance		$	788	$	394	$	396	$	790	$	812	
Telephone		$	50	$	-	$	50	$	50	$	50	
Postage		$	625	$	72	$	100	$	172	$	625	
Printing & Binding		$	300	$	94	$	100	$	194	$	250	
Insurance		$	8,278	$	6,750	$	-	$	6,750	$	7,425	
Legal Advertising		$	700	$	447	$	253	$	700	$	700	
Other Current Charges		$	860	$	498	$	516	$	1,014	$	860	
Office Supplies		$	150	$	31	$	50	$	81	$	150	
Dues, Licenses & Subscriptions		$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:		$	51,981	$	32,460	$	15,296	$	47,756	$	51,669	

Operations & Maintenance							
Mulch		$	7,920	$	3,770	$	4,150	$	7,920	$	7,920	
Contingency		$	3,097	$	-	$	1,549	$	1,549	$	3,097	
Stormwater		$	6,500	$	-	$	3,250	$	3,250	$	6,500	
Total Operations & Maintenance:		$	17,517	$	3,770	$	8,949	$	12,719	$	17,517	
							
Total Expenditures		$	69,498	$	36,230	$	24,244	$	60,474	$	69,186	
							
Excess Revenues/(Expenditures)		$	-	$	72,904	$	(22,510)	$	50,394	$	-	

FY2022	

FY2023	

FY2024	

FY2025	

FY2026	
	Net Assessments	$55,051	$55,051	$55,051	$55,051	$55,051	
	Discounts & Collections (6%)	$3,514	$3,514	$3,514	$3,514	$3,514	
	Gross Assessments	$58,565	$58,565	$58,565	$58,565	$58,565	
	
Total Units	
628	
628	
628	
628	
628	
	Assessments per Unit	$93	$93	$93	$93	$93	
Candler Hills East
Community Development District
General Fund Budget

Revenues:

Maintenance Assessments

The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund all General Operating and Maintenance Expenditures for the Fiscal Year.

Interest

The District receives interest earnings from its cash balance in the Truist operating account.

Expenditures:

Administrative:

Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. This amount is based on 5 Supervisors attending 4 monthly meetings.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District’s engineer, Dewberry Engineers, Inc., will be providing general engineering services to the District, e.g., attendance and preparation for monthly meetings, reviewing invoices, and various projects assigned as directed by the Board of Supervisors. The District currently has an agreement with Dewberry Engineers, Inc.

Trustee Fees

The District issued Series 2016 Special Assessment Refunding Bonds that are administered by a Trustee at US Bank.
Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues. Governmental Management Services – CF, LLC is contracted for this service.

Arbitrage

The District has contracted with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2016 Special Assessment Refunding Bonds.
Candler Hills East
Community Development District
General Fund Budget

Assessment Roll

Governmental Management Services – Central Florida, LLC serves as the District’s collection agent and certifies the District’s non-ad valorem assessments with the Marion County Tax Collector’s Office.

Attorney

The District’s legal counsel, Colen and Wagoner P. A., provides general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Grau & Associates for this service.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.
Governmental Management Services-Central Florida, LLC, provides these 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. Governmental Management Services-Central Florida, LLC, provides these services.

Telephone

Telephone and fax machine.

Postage

Mailing of Board Meeting agenda packages, overnight deliveries, checks for vendors and any other required correspondence.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Candler Hills East
Community Development District
General Fund Budget

Insurance

The District’s general liability & public officials liability insurance policy is with Florida Insurance Alliance. The Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses that are incurred during the year.

Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Maintenance:

Mulch

Represents costs related to mulch installed in the District.

Contingency

To record the cost of any maintenance expenses not properly classified in any of the other accounts.

Stormwater

Represent cost for stormwater expenses in the District.
Candler Hills East
Community Development District Adopted Budget
Debt Service Fund Series 2016

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026		

Revenues						
Assessments - Tax Roll	$	206,154	$	198,932	$	7,221	$	206,154	$	206,154	
Assessments - Prepayments	$	-	$	19,310	$	-	$	19,310	$	-	
Interest Income	$	8,881	$	7,184	$	3,592	$	10,776	$	5,388	
Carry Forward Surplus	$	213,355  $	226,311	$	-	$	226,311	$	279,001			
Total Revenues	$	428,390  $	451,738	$	10,813	$	462,551	$	490,543			

Expenditures

General & Administrative:

Special Call - 11/1	$	-	$	15,000	

$	-	

$	15,000	

$	-			
Interest - 11/1	$	39,469	$	39,081	$	-	$	39,081	$	36,944	
Principal - 5/1	$	90,000	$	-	$	90,000	$	90,000	$	130,000	
Interest - 5/1	$	39,469	$	-	$	39,469	$	39,469	$	36,944	
Total Expenditures	$	168,938	$	54,081	$	129,469	$	183,550	$	203,888	
						
Excess Revenues/(Expenditures)	$	259,453	$	397,657	$	(118,655)	$	279,001	$	286,655	

Interest - Nov 1, 2026  $	34,506 

Net Assessments	$206,154 Discounts & Collections (6%) 		$13,159 
Gross Assessments	$219,313
Total Units	398.75
Assessments per Unit 	$550 
Candler Hills East Community Development District Series 2016 Special Assessment Bonds
Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	
									
11/01/25	$	1,900,000.00	$	-	$	36,943.75			
05/01/26	$	1,900,000.00	$	130,000.00	$	36,943.75	$	203,887.50	
11/01/26	$	1,770,000.00	$	-	$	34,506.25			
05/01/27	$	1,770,000.00	$	135,000.00	$	34,506.25	$	204,012.50	
11/01/27	$	1,635,000.00	$	-	$	31,975.00			
05/01/28	$	1,635,000.00	$	135,000.00	$	31,975.00	$	198,950.00	
11/01/28	$	1,500,000.00	$	-	$	29,443.75			
05/01/29	$	1,500,000.00	$	140,000.00	$	29,443.75	$	198,887.50	
11/01/29	$	1,360,000.00	$	-	$	26,818.75			
05/01/30	$	1,360,000.00	$	150,000.00	$	26,818.75	$	203,637.50	
11/01/30	$	1,210,000.00	$	-	$	24,006.25			
05/01/31	$	1,210,000.00	$	155,000.00	$	24,006.25	$	203,012.50	
11/01/31	$	1,055,000.00	$	-	$	21,100.00			
05/01/32	$	1,055,000.00	$	160,000.00	$	21,100.00	$	202,200.00	
11/01/32	$	895,000.00	$	-	$	17,900.00			
05/01/33	$	895,000.00	$	165,000.00	$	17,900.00	$	200,800.00	
11/01/33	$	730,000.00	$	-	$	14,600.00			
05/01/34	$	730,000.00	$	170,000.00	$	14,600.00	$	199,200.00	
11/01/34	$	560,000.00	$	-	$	11,200.00			
05/01/35	$	560,000.00	$	180,000.00	$	11,200.00	$	202,400.00	
11/01/35	$	380,000.00	$	-	$	7,600.00			
05/01/36	$	380,000.00	$	185,000.00	$	7,600.00	$	200,200.00	
11/01/36	$	195,000.00	$	-	$	3,900.00			
05/01/37	$	195,000.00	$	195,000.00	$	3,900.00	$	202,800.00	
			$	1,900,000.00	$	519,987.50	$	2,419,987.50	
Candler Hills East
Community Development District Adopted Budget
Capital Reserves Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY2026	

Revenues						
Interest Income	$	4,473	$	4,219	$	1,055	$	5,274	$	2,637	
Carry Forward Surplus	$	177,461	$	178,090	$	-	$	178,090	$	183,364	
Total Revenues	$	181,934  $	182,309  $	1,055  $	183,364  $	186,001	

Expenditures						
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	
						
Excess Revenues/(Expenditures)	$	181,934	$	182,309	$	1,055	$	183,364	$	186,001