Shingle Creek at Bronson
Community Development District

Adopted Budget FY2027

Table of Contents

1-2

3-7

8

9

10

General Fund

General Fund Narrative

Capital Reserve Fund

Debt Service Fund Series 2021

Amortization Schedule Series 2021

Shingle Creek at Bronson
Community Development District Adopted Budget
FY2027
General Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	6/30/26	3 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	287,180	$	289,673	$	-	$	289,673	$	287,180	
Interest	3,600	5,919	1,500	7,419	4,800	
Carry Forward Surplus*	118,432	137,244	-	137,244	100,588	
Total Revenues	$	409,212	$	432,836	$	1,500	$	434,336	$	392,568	

Expenditures:						
Administrative:						
Supervisor Fees	$	12,000	$	1,400	$	1,800	$	3,200	$	12,000	
FICA Expense	918	107	138	245	918	
Engineering Fees	12,000	1,938	4,500	6,438	12,000	
Attorney	25,000	2,467	2,500	4,967	25,000	
Arbitrage	450	-	450	450	450	
Dissemination	3,785	2,839	946	3,785	3,974	
Annual Audit	4,700	3,400	-	3,400	3,500	
Trustee Fees	4,455	4,445	-	4,445	4,455	
Assessment Administration	5,732	5,732	-	5,732	6,019	
Management Fees	43,775	32,831	10,944	43,775	45,964	
Information Technology	1,947	1,460	487	1,947	2,044	
Website Maintenance	1,298	974	325	1,298	1,363	
Telephone	100	-	25	25	100	
Postage	750	95	45	140	750	
Printing & Binding	750	2	23	25	750	
Insurance	6,618	6,376	-	6,376	7,014	
Legal Advertising	2,500	-	2,500	2,500	2,500	
Other Current Charges	600	408	135	543	600	
Office Supplies	150	1	19	20	150	
Property Appraiser Fee	700	565	-	565	700	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative:	$	128,403	$	65,214	$	24,836	$	90,050	$	130,426	
Operations & Maintenance						
Field Services	$	15,450	$	11,588	$	3,863	$	15,450	$	16,223	
Property Insurance	2,000	-	2,000	2,000	2,000	
Streetlights	11,000	-	-	-	11,000	
Water & Sewer	10,000	539	450	989	10,000	
Landscape Maintenance	76,200	56,250	18,750	75,000	76,200	
Landscape Contingency	7,500	-	1,875	1,875	7,500	
Lake Maintenance	13,500	9,975	3,375	13,350	13,908	
Lake Contingency	1,000	-	250	250	1,000	
Irrigation Repairs	5,000	-	1,250	1,250	5,000	
Repairs & Maintenance	5,000	-	1,250	1,250	5,000	
Contingency	2,500	-	625	625	2,500	
Total Operations & Maintenance:	$	149,150	$	78,352	$	33,688	$	112,039	$	150,331	
Reserves						
Capital Reserve Transfer	$	131,659	$	131,659	$	-	$	131,659	$	111,811	
Total Reserves	$	131,659	$	131,659	$	-	$	131,659	$	111,811	
						
Total Expenditures	$	409,212	$	275,225	$	58,523	$	333,748	$	392,567	
						
Excess Revenues (Expenditures)	$	-	$	157,611	$	(57,023)	$	100,588	$	0	

*Less 1st Quarter Operating				

Net Assessment	

$287,180	
				Collection Cost (6%)	$18,331	
				Gross Assessment	$305,511	

1

Shingle Creek at Bronson
Community Development District Gross Per Unit Assessment Comparison Chart

Property Type	
Units	Fiscal Year 2026
Gross Per Unit	
% Increase	Increase
Gross Per Unit	Fiscal Year 2027
Gross Per Unit	Fiscal Year 2027
Total Gross	
Townhome	358	$384	0%	$0	$384	$137,407	
Single Family	274	$614	0%	$0	$614	$168,104	
Total	632				Gross Assessment	$305,511	

2

Shingle Creek at Bronson
Community Development District
GENERAL FUND BUDGET

REVENUES:

Special Assessments – Tax Collector

The District will levy a non-ad valorem special assessment on all the assessable property within the District in order to fund all operating and maintenance expenditures during the fiscal year. These assessments are billed on tax bills.

Interest

The District will invest surplus funds with State Board of Administration.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190 of the Florida Statutes allows for each member of the Board of Supervisors to be compensated $200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. The amount is based on 5 Supervisors attending 12 meetings during the fiscal year.

FICA Expense

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

Engineering Fees

The District's engineer, Dewberry Engineers, will be providing general engineering services to the District, e.g. attendance and preparation for board meetings, review of invoices, preparation and review of contract specifications and bid documents and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Latham, Luna, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for Board meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2021 Special Assessment Bonds. The District has contracted with AMTEC Corporation for this service.

Bond Series	Annual	
2021 Special Assessment	$450	
Total	$450	

Shingle Creek at Bronson
Community Development District
GENERAL FUND BUDGET

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. The District has contracted with Governmental Management Services-Central Florida, LLC for this service on the Series 2021 Special Assessment Bonds.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with Grau & Associates for this service.

Trustee Fees

The District will pay annual trustee fees for the Series 2021 Special Assessment Bonds that are deposited with a Trustee at USBank.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for 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.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.

Shingle Creek at Bronson
Community Development District
GENERAL FUND BUDGET

Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

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

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.

Property Appraiser Fee

Represents an annual fee charged by Osceola County Property Appraiser’s office for assessment administration services.

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Services

The District has contracted with Governmental Management Services-Central Florida, LLC to provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Streetlights

Represents estimated costs for 22 streetlights that will be maintained by the District.

Shingle Creek at Bronson
Community Development District
GENERAL FUND BUDGET

Water & Sewer

Represents costs for water services for areas within the District. The District currently has one account with Toho Water Authority.

Account#	Description	Monthly	Annual	
	4300 Natures Ridge Odd Drive 2"			
002674346-033259219	RM	$550	$6,600	
Contingency			$3,400	
Total			$10,000	

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. Include areas such as Nature’s Ridge Drive, Tracts A, B, L3, P-1, P-2 and the Cove at Storey Lake PH II & III. The District has contract with Frank Polly Sod, Inc. for this service.

Description	Monthly	Annual	
Landscape Maintenance	$6,350	$76,200	
Total		$76,200	

Landscape Contingency

Represents estimated costs for any additional landscape expenses such as installation of annual plant replacements, mulch, tree replacement and any other landscape expenses not covered under the monthly landscape contract.

Lake Maintenance

Represents cost for maintenance to 7 ponds located within the District. Services include shoreline grass and brush control, floating and submersed vegetation control, additional treatments as required and a monthly report of all waterways treated. The District has contracted with Aquatic Weed Control, Inc. for these services.

Description	Monthly	Annual	
Pond Maintenance	$1,159	$13,908	
Total		$13,908	

Lake Contingency

Represents estimated costs for any additional lake expenses not covered under the monthly lake maintenance contract.

Irrigation Repairs

Represents estimated costs for any supplies and repairs to irrigation system maintained by the District.

Repairs & Maintenance

Represents estimated costs for any repairs and maintenance to common areas maintained by the District.

Shingle Creek at Bronson
Community Development District
GENERAL FUND BUDGET

Contingency

Represents any additional field expense that may not have been provided for in the budget.

Transfer Out – Capital Reserve

Represents proposed amount to transfer to the Capital Reserve Fund.

Shingle Creek at Bronson
Community Development District Adopted Budget
FY2027
Capital Reserve Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	6/30/26	3 Months	9/30/26	FY2027	

Revenues:		
Transfer In	$	131,659	$	131,659	$	-	$	131,659	$	111,811	
Interest	12,000	13,294	4,500	17,794	12,000	
Total Revenues	$	143,659	$	144,953	$	4,500	$	149,453	$	123,811	

Expenditures:						
Contingency	$	600	$	-	$	-	$	-	$	600	
Capital Outlay	-	-	-	-	-	
Total Expenditures	$	600	$	-	$	-	$	-	$	600	
						
Excess Revenues (Expenditures)	$	143,059	$	144,953	$	4,500	$	149,453	$	123,211	
						
Fund Balance - Beginning	$	366,234	$	366,502	$	-	$	366,502	$	515,955	
						
Fund Balance - Ending	$	509,293	$	511,455	$	4,500	$	515,955	$	639,166	

Shingle Creek at Bronson
Community Development District Adopted Budget
FY2027
Debt Service Fund Series 2021

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	6/30/26	3 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	780,300	$	787,080	$	-	$	787,080	$	780,300	
Interest	30,000	24,851	6,375	31,226	28,000	
Carry Forward Surplus*	353,483	359,050	-	359,050	383,867	
Total Revenues	$	1,163,783	$	1,170,980	$	6,375	$	1,177,355	$	1,192,167	

Expenditures:						
Series 2021
Interest - 12/15	

$	235,438	

$	235,438	

$	-	

$	235,438	

$	231,563	
Principal - 06/15	310,000	310,000	-	310,000	320,000	
Interest - 06/15	235,438	235,438	-	235,438	231,563	
Total Expenditures	$	780,875	$	780,875	$	-	$	780,875	$	783,125	

Other Sources/(Uses)						
Transfer In/(Out)	$	(15,605)	$	(9,613)	$	(3,000)	$	(12,613)	$	(12,000)	
Total Other Financing Sources (Uses)	$	(15,605)	$	(9,613)	$	(3,000)	$	(12,613)	$	(12,000)	
						
Excess Revenues (Expenditures)	$	367,303	$	380,492	$	3,375	$	383,867	$	397,042	

*Less Reserve amount				

Interest - 12/15/2027	

$226,603	
				Total	$226,603	
				
Net Assessment	
$780,300	
				Collection Cost (6%)	$49,806	
				Gross Assessment	$830,106	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Single Family	274	$1,668	$456,955	
		Townhome	358	$1,042	$373,151	
		Total	632		$830,106	

Shingle Creek at Bronson
Series 2021, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest		Annual	
						
12/15/26	$ 12,510,000	$	-	$	231,562.50	$	231,562.50	
6/15/27	$ 12,510,000	$	320,000	$	231,562.50	$	-	
12/15/27	$ 12,190,000	$	-	$	226,602.50	$	778,165.00	
6/15/28	$ 12,190,000	$	330,000	$	226,602.50	$	-	
12/15/28	$ 11,860,000	$	-	$	221,487.50	$	778,090.00	
6/15/29	$ 11,860,000	$	340,000	$	221,487.50	$	-	
12/15/29	$ 11,520,000	$	-	$	216,217.50	$	777,705.00	
6/15/30	$ 11,520,000	$	350,000	$	216,217.50	$	-	
12/15/30	$ 11,170,000	$	-	$	210,792.50	$	777,010.00	
6/15/31	$ 11,170,000	$	360,000	$	210,792.50	$	-	
12/15/31	$ 10,810,000	$	-	$	205,212.50	$	776,005.00	
6/15/32	$ 10,810,000	$	375,000	$	205,212.50	$	-	
12/15/32	$ 10,435,000	$	-	$	198,650.00	$	778,862.50	
6/15/33	$ 10,435,000	$	385,000	$	198,650.00	$	-	
12/15/33	$ 10,050,000	$	-	$	191,912.50	$	775,562.50	
6/15/34	$ 10,050,000	$	400,000	$	191,912.50	$	-	
12/15/34	$ 9,650,000	$	-	$	184,912.50	$	776,825.00	
6/15/35	$ 9,650,000	$	415,000	$	184,912.50	$	-	
12/15/35	$ 9,235,000	$	-	$	177,650.00	$	777,562.50	
6/15/36	$ 9,235,000	$	430,000	$	177,650.00	$	-	
12/15/36	$ 8,805,000	$	-	$	170,125.00	$	777,775.00	
6/15/37	$ 8,805,000	$	445,000	$	170,125.00	$	-	
12/15/37	$ 8,360,000	$	-	$	162,337.50	$	777,462.50	
6/15/38	$ 8,360,000	$	460,000	$	162,337.50	$	-	
12/15/38	$ 7,900,000	$	-	$	154,287.50	$	776,625.00	
6/15/39	$ 7,900,000	$	480,000	$	154,287.50	$	-	
12/15/39	$ 7,420,000	$	-	$	145,887.50	$	780,175.00	
6/15/40	$ 7,420,000	$	495,000	$	145,887.50	$	-	
12/15/40	$ 6,925,000	$	-	$	137,225.00	$	778,112.50	
6/15/41	$ 6,925,000	$	510,000	$	137,225.00	$	-	
12/15/41	$ 6,415,000	$	-	$	128,300.00	$	775,525.00	
6/15/42	$ 6,415,000	$	530,000	$	128,300.00	$	-	
12/15/42	$ 5,885,000	$	-	$	117,700.00	$	776,000.00	
6/15/43	$ 5,885,000	$	555,000	$	117,700.00	$	-	
12/15/43	$ 5,330,000	$	-	$	106,600.00	$	779,300.00	
6/15/44	$ 5,330,000	$	575,000	$	106,600.00	$	-	
12/15/44	$ 4,755,000	$	-	$	95,100.00	$	776,700.00	
6/15/45	$ 4,755,000	$	600,000	$	95,100.00	$	-	
12/15/45	$ 4,155,000	$	-	$	83,100.00	$	778,200.00	
6/15/46	$ 4,155,000	$	625,000	$	83,100.00	$	-	
12/15/46	$ 3,530,000	$	-	$	70,600.00	$	778,700.00	
6/15/47	$ 3,530,000	$	650,000	$	70,600.00	$	-	
12/15/47	$ 2,880,000	$	-	$	57,600.00	$	778,200.00	
6/15/48	$ 2,880,000	$	675,000	$	57,600.00	$	-	
12/15/48	$ 2,205,000	$	-	$	44,100.00	$	776,700.00	
6/15/49	$ 2,205,000	$	705,000	$	44,100.00	$	-	
12/15/49	$ 1,500,000	$	-	$	30,000.00	$	779,100.00	
6/15/50	$ 1,500,000	$	735,000	$	30,000.00	$	-	
12/15/50	$	765,000	$	-	$	15,300.00	$	780,300.00	
6/15/51	$	765,000	$	765,000	$	15,300.00	$	780,300.00	
Totals		$	12,510,000	$  7,166,525.00	$ 19,676,525.00