Blue Lake Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

DETAILED PROPOSED BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O&M Assessments

1,108,596

Debt Assessments

663,697

Line Of Credit Assessments

152,624

Other Revenues

0

Other Revenues-Lake Bank Project-Line Of Credit

0

Interest Income

1,200

TOTAL REVENUES

$	1,926,117

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

6,000

Payroll Taxes (Employer)

480

Management

42,000

Legal

30,000

Legal Extraordinary - Retaining Wall

400,000

Assessment Roll

4,000

Audit Fees

6,000

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

4,250

Continuing Disclosure Fee

1,000

Deficit Funding (FY 2024/2025)

40,972

TOTAL ADMINISTRATIVE EXPENDITURES

$	562,370

MAINTENANCE EXPENDITURES

Engineering/Inspections

40,000

Engineering Extraordinary - Retaining Wall

75,000

Engineering Extraordinary - Construction Costs

0

Mitigation Monitoring

173,810

Lake Maintenance

60,000

Lake Bank Inspections

16,050

Lake Bank Repairs

30,000

Surface Water Management Inspections

17,550

Flow Way Inspection Certification

5,000

Detention Area Maintenance

36,000

Miscellaneous Maintenance

27,500

Capital Outlay - Lake Bank Expenditure

0

Maintenance Reserve

0

TOTAL MAINTENANCE EXPENDITURES

$	480,910

Lake Bank Repair Project

Lake Bank Repair Project - Principal Payments

133,400

Lake Bank Repair Project - Interest Payments

10,067

TOTAL LAKE BANK PROJECT LOAN EXPENDITURES

$	143,467

TOTAL EXPENDITURES

1,186,747

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 PROPOSED BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O&M Assessments

584,018

1,260,500

1,108,596

Expenditures Less Interest/.94

Debt Assessments

661,942

663,697

663,697

Bond Payments/.94

Line Of Credit Assessments

0

720

152,624

Line Of Credit Payments/.94

Other Revenues

0

0

0

Other Revenues-Lake Bank Project-Line Of Credit

122,100

0

0

Draws From Lake Bank Repair Project Line Of Credit

Interest Income

10,306

960

1,200

Interest Projected At $100 Per Month

TOTAL REVENUES

$	1,378,366

$	1,925,877

$	1,926,117

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

6,400

12,000

6,000

$6,000 Decrease From 2025/2026 Budget

Payroll Taxes (Employer)

490

960

480

Projected At 8% Of Supervisor Fees

Management

30,576

31,452

42,000

Increased Due To Additional Services

Legal

19,094

40,000

30,000

$10,000 Decrease From 2025/2026 Budget

Legal Extraordinary - Retaining Wall

108,151

500,000

400,000

$100,000 Decrease From 2025/2026 Budget

Assessment Roll

4,000

4,000

4,000

As Per Contract

Audit Fees

3,800

5,200

6,000

Will Increase Due To Line Of Credit, Etc.

Arbitrage Rebate Fee

650

650

650

No Change From 2025/2026 Budget

Insurance

12,850

14,700

14,700

Fiscal Year 2025/2026 Expenditure Was $12,231

Legal Advertisements

3,776

6,000

6,000

No Change From 2025/2026 Budget

Miscellaneous

3,025

3,993

3,993

Increased Due To Conference Calls

Postage

1,162

900

900

No Change From 2025/2026 Budget

Office Supplies

1,829

1,250

1,250

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

Annual Fee Due Department Of Economic Opportunity

Trustee Fees

4,246

4,050

4,250

$200 Increase From 2025/2026 Budget

Continuing Disclosure Fee

350

1,000

1,000

$650 Decrease From 2025/2026 Budget

Deficit Funding (FY 2024/2025)

0

0

40,972

Deficit Funding For 2024/2025 Shortfall

TOTAL ADMINISTRATIVE EXPENDITURES

$	200,574

$	626,330

$	562,370

MAINTENANCE EXPENDITURES

Engineering/Inspections

50,251

40,000

40,000

No Change From 2025/2026 Budget

Engineering Extraordinary - Retaining Wall

86,884

125,000

75,000

$650 Decrease From 2025/2026 Budget

Engineering Extraordinary - Construction Costs

25,550

0

0

Mitigation Monitoring

211,353

138,500

173,810

$35,310 Increase From 2025/2026 Budget

Lake Maintenance

45,196

60,000

60,000

No Change From 2025/2026 Budget

Lake Bank Inspections

0

0

16,050

Lake Bank Inspections

Lake Bank Repairs

0

0

30,000

Lake Bank Repairs

Surface Water Management Inspections

0

0

17,550

Surface Water Management Inspections

Flow Way Inspection Certification

0

5,000

5,000

No Change From 2025/2026 Budget

Detention Area Maintenance

35,441

36,000

36,000

No Change From 2025/2026 Budget

Miscellaneous Maintenance

66,392

55,000

27,500

No Change From 2025/2026 Budget

Capital Outlay - Lake Bank Expenditure

133,400

0

0

Maintenance Reserve

0

100,000

0

Line Item Eliminated

TOTAL MAINTENANCE EXPENDITURES

$	654,467

$	559,500

$	480,910

Lake Bank Repair Project

Lake Bank Repair Project - Principal Payments

0

0

133,400

Principal Amount Based On Draw Of $133,400

Lake Bank Repair Project - Interest Payments

0

677

10,067

Interest Amount Based On Draw Of $133,400

TOTAL LAKE BANK PROJECT LOAN EXPENDITURES

$	-

$	677

$	143,467

TOTAL EXPENDITURES

855,041

1,186,507

1,186,747

REVENUES LESS EXPENDITURES

$	523,325

$	739,370

$	739,370

Bond Payments

(636,903)

(623,875)

(623,875)

2027 Principal & Interest Payments

BALANCE

$	(113,578)

$	115,495

$	115,495

County Appraiser & Tax Collector Fee

(992)

(38,498)

(38,498)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(45,820)

(76,997)

(76,997)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	(160,390)

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
BLUE LAKE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$9,195,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

32,782

1,000

2,000

Projected Interest For 2026/2027

NAV Tax Collection

636,903

623,875

623,875

Maximum Debt Service Collection

Total Revenues

$	669,685

$	624,875

$	625,875

EXPENDITURES

Principal Payments

220,000

225,000

235,000

Principal Payment Due In 2027

Interest Payments

407,638

394,338

385,138

Interest Payment Due In 2027

Bond Redemption

0

5,537

5,737

Estimated Excess Debt Collections

Transfer To Construction Fund

13,688

0

0

Transfer To Construction Fund

Total Expenditures

$	641,326

$	624,875

$	625,875

Excess/ (Shortfall)

$	28,359

$	-

$	-

Blue Lake Community Development District Assessment Comparison

Fiscal Year
2023/2024

Fiscal Year
2024/2025

Fiscal Year 2025/2026
  Assessment* 

Fiscal Year 2026/2027
  Projected Assessment* 

  Assessment*    Assessment* 

O & M Assessment For 50' Single Family Units
Lake Bank Repair Assessment
Debt Assessment For 50' Single Family Units

$
$

1,103.63
-

$
$

1,373.84
-

$
$

2,979.91
1.71

$
$

2,620.80
360.82

$	1,330.00

$	1,330.00

$	1,330.00

 $	1,330.00

Total For 50' Single Family Units

$

2,433.63

$

2,703.84

$

4,311.62

$

4,311.62

O & M Assessment For 60' Single Family Units Lake Bank Repair Assessment
Debt Assessment For 60' Single Family Units

$
$

1,103.63
-

$
$

1,373.84
-

$
$

2,979.91
1.71

$
$

2,620.80
360.82

$	1,596.00

$	1,596.00

$	1,596.00

 $	1,596.00

Total For 60' Single Family Units

$

2,699.63

$

2,969.84

$

4,577.62

$

4,577.62

O & M Assessment For 75' Single Family Units
Lake Bank Repair Assessment
Debt Assessment For 75' Single Family Units

$
$

1,103.63
-

$
$

1,373.84
-

$
$

2,979.91
1.71

$
$

2,620.80
360.82

$	1,995.00

$	1,995.00

$	1,995.00

 $	1,995.00

Total For 75' Single Family Units

$

3,098.63

$

3,368.84

$

4,976.62

$

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 60' Single Family Units 75' Single Family Units Total Units

182
148
93
423

IV