Blue Lake Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2025/2026 BUDGET	
O&M Assessments	1,260,500	
Developer Contribution - O&M	0	
Debt Assessments	663,697	
Line Of Credit Assessments	720	
Other Revenues	0	
Other Revenues-Lake Bank Project-Line Of Credit	0	
Interest Income	960	
TOTAL REVENUES	$	1,925,877	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	12,000	
Payroll Taxes (Employer)	960	
Management	31,452	
Legal	40,000	
Legal Extraordinary - Retaining Wall	500,000	
Assessment Roll	4,000	
Audit Fees	5,200	
Arbitrage Rebate Fee	650	
Insurance	14,700	
Legal Advertisements	6,000	
Miscellaneous	3,993	
Postage	900	
Office Supplies	1,250	
Dues & Subscriptions	175	
Trustee Fees	4,050	
Continuing Disclosure Fee	1,000	
Deficit Funding (FY 2022/2023)	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	626,330	
		
MAINTENANCE EXPENDITURES		
Engineering/Inspections	40,000	
Engineering Extraordinary - Deficit Funding	125,000	
Mitigation Monitoring	138,500	
Lake Maintenance	60,000	
Flow Way Inspection Certification	5,000	
Detention Area Maintenance	36,000	
Miscellaneous Maintenance	100,000	
Maintenance Reserve	55,000	
TOTAL MAINTENANCE EXPENDITURES	$	559,500	
		
Lake Bank Repair Project	0	
Lake Bank Repair Project - Principal Payments	0	
Lake Bank Repair Project - Interest Payments	677	
TOTAL LAKE BANK PROJECT LOAN EXPENDITURES	$	677	
		
TOTAL EXPENDITURES	1,186,507	
		
REVENUES LESS EXPENDITURES	$	739,370	
		
Bond Payments	(623,875)	
		
BALANCE	$	115,495	
		
County Appraiser & Tax Collector Fee	(38,498)	
Discounts For Early Payments	(76,997)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O&M Assessments	469,503	581,132	1,260,500	Expenditures Less Interest/.94	
Developer Contribution - O&M	0	0	0	Developer Contribution - O&M	
Debt Assessments	661,941	663,697	663,697	Bond Payments/.94	
Line Of Credit Assessments	0	0	720	Line Of Credit Payments/.94	
Other Revenues	8,722	0	0		
Other Revenues-Lake Bank Project-Line Of Credit	0	0	0	Draws From Lake Bank Repair Project Line Of Credit	
Interest Income	11,751	480	960	Interest Projected At $80 Per Month	
TOTAL REVENUES	$	1,151,917	$	1,245,309	$	1,925,877		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	400	12,000	12,000	Turnover To Resident Board Anticipated	
Payroll Taxes (Employer)	31	960	960	Projected At 8% Of Supervisor Fees	
Management	29,688	30,576	31,452	CPI Adjustment	
Legal	12,203	40,000	40,000	Additional Legal Services Anticipated	
Legal Extraordinary - Retaining Wall	35,240	0	500,000	Gurley Fant Estimate For 2025/2026 Is $486,875	
Assessment Roll	4,000	4,000	4,000	As Per Contract	
Audit Fees	4,000	4,100	5,200	Will Increase Due To Line Of Credit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	12,219	13,610	14,700	Insurance Estimate	
Legal Advertisements	4,222	6,000	6,000	No Change From 2024/2025 Budget	
Miscellaneous	3,807	2,000	3,993	Increased Due To Conference Calls	
Postage	807	700	900	$200 Increase From 2024/2025 Budget	
Office Supplies	1,187	1,050	1,250	$200 Increase From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	4,031	4,050	4,050	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	500	1,000	1,000	No Change From 2024/2025 Budget	
Deficit Funding (FY 2022/2023)	0	41,373	0	Fiscal Year 2024/2025 Budget Item Only	
TOTAL ADMINISTRATIVE EXPENDITURES	$	113,160	$	162,244	$	626,330		
					
MAINTENANCE EXPENDITURES					
Engineering/Inspections	26,341	40,000	40,000	No Change From 2024/2025 Budget	
Engineering Extraordinary - Deficit Funding	0	0	125,000	FY 24/25 Expenditures For Taylor Engineering As Of 2/28/25 Were $76,638	
Mitigation Monitoring	22,054	138,500	138,500	No Change From 2024/2025 Budget	
Lake Maintenance	34,938	60,000	60,000	No Change From 2024/2025 Budget	
Flow Way Inspection Certification	0	5,000	5,000	No Change From 2024/2025 Budget	
Detention Area Maintenance	34,078	36,000	36,000	No Change From 2024/2025 Budget	
Miscellaneous Maintenance	75,942	55,000	55,000	No Change From 2024/2025 Budget	
Maintenance Reserve	4,400	50,000	100,000	Maintenance Reserve	
TOTAL MAINTENANCE EXPENDITURES	$	197,753	$	384,500	$	559,500		
					
Lake Bank Repair Project	0	0	0	Draws From Lake Bank Repair Project Line Of Credit	
Lake Bank Repair Project - Principal Payments	0	0	0	Annual Principal Payments ($277,778) Commence On 5/1/27	
Lake Bank Repair Project - Interest Payments	0	0	677	Interest Amount Based On Draw Of $133,400	
TOTAL LAKE BANK PROJECT LOAN EXPENDITURES	$	-	$	-	$	677		
					
TOTAL EXPENDITURES	310,913	546,744	1,186,507		
					
REVENUES LESS EXPENDITURES	$	841,004	$	698,565	$	739,370		
					
Bond Payments	(636,392)	(623,875)	(623,875)	2026 Principal & Interest Payments	
					
BALANCE	$	204,612	$	74,690	$	115,495		
					
County Appraiser & Tax Collector Fee	(1,030)	(24,897)	(38,498)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(42,791)	(49,793)	(76,997)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	160,791	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
39,116	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
636,392	
623,875	
623,875	
Maximum Debt Service Collection	

Total Revenues	
$	675,508	
$	624,375	
$	624,875		

EXPENDITURES					

Principal Payments	
210,000	
220,000	
225,000	
Principal Payment Due In 2026	

Interest Payments	
414,988	
403,238	
394,338	
Interest Payment Due In 2026	

Bond Redemption	
-	
1,137	
5,537	
Estimated Excess Debt Collections	

Transfer To Construction Fund	
16,468	
0	
0	
Transfer To Construction Fund	

Total Expenditures	
$	641,456	
$	624,375	
$	624,875		

Excess/ (Shortfall)	
$	34,052	
$	-	
$	-		

Series 2019 Bond Information

Original Par Amount =	$10,400,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	3.50% - 4.5%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	May 2019			
Maturity Date =	June 2049			

Par Amount As Of 1/1/25 =	$9,415,000

Blue Lake Community Development District Assessment Comparison

Fiscal Year 2022/2023
Assessment*	Fiscal Year 2023/2024
Assessment*	Fiscal Year 2024/2025
Assessment*	Fiscal Year 2025/2026
Projected Assessment*	

O & M Assessment For 50' Single Family Units	

$	599.77	

$	1,103.63	

$	1,373.84	

$	

2,979.91	
Lake Bank Repair Assessment	$	-	$	-	$	-	$	1.71	
Debt Assessment For 50' Single Family Units	$	1,330.00	$	1,330.00	$	1,330.00	$	1,330.00	
Total For 50' Single Family Units	$	1,929.77	$	2,433.63	$	2,703.84	$	4,311.62	

O & M Assessment For 60' Single Family Units	
$	599.77	
$	1,103.63	
$	1,373.84	
$	2,979.91	
Lake Bank Repair Assessment	$	-	$	-	$	-	$	1.71	
Debt Assessment For 60' Single Family Units	$	1,596.00	$	1,596.00	$	1,596.00	$	1,596.00	
Total For 60' Single Family Units	$	2,195.77	$	2,699.63	$	2,969.84	$	4,577.62	

O & M Assessment For 75' Single Family Units	
$	599.77	
$	1,103.63	
$	1,373.84	
$	2,979.91	
Lake Bank Repair Assessment	$	-	$	-	$	-	$	1.71	
Debt Assessment For 75' Single Family Units	$	1,995.00	$	1,995.00	$	1,995.00	$	1,995.00	
Total For 75' Single Family Units	$	2,594.77	$	3,098.63	$	3,368.84	$	4,976.62	

* Assessments Include the Following :		
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information:		
50' Single Family Units	182	
60' Single Family Units	148	
75' Single Family Units	93	
Total Units	423	

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