Biscayne Drive Estates	
Community Development District	

Adopted Budget	
FY 2026	

Table of Contents

1

2-3

4

5

	General Fund

	Narratives

	Debt Service Fund Series 2022

	Series 2022 Amortization Schedule

6		Assessment Schedule

Biscayne Drive Estates	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	8/31/25	1 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	100,935	$	101,528	$	-	$	101,528	$	100,935	
Interest Income	-	7,390	1,478	8,868	6,000	
Devloper Contributions	31,200	31,667	-	31,667	31,200	
Carry Forward Surplus	1,952	-	1,952	1,952	8,760	

TOTAL REVENUES	$	134,087	$	140,585	$	3,430	$	144,014	$	146,895	
EXPENDITURES:

Administrative						
Engineering	$	2,000	$	2,815	$	333	$	3,148	$	5,000	
Attorney	12,000	8,914	1,783	10,697	12,000	
Annual Audit	4,000	5,400	-	5,400	5,500	
Assessment Administration	2,000	2,000	-	2,000	2,000	
Arbitrage Rebate	1,200	-	1,200	1,200	1,200	
Dissemination Agent	1,260	1,050	210	1,260	1,260	
Trustee Fees	4,041	4,041	-	4,041	4,500	
Management Fees	23,540	19,617	3,923	23,540	30,000	
Information Technology	1,200	1,000	200	1,200	1,200	
Website Maintenance	1,200	1,000	200	1,200	1,200	
Postage & Delivery	200	-	33	33	200	
Insurance General Liability	6,300	5,408	-	5,408	6,600	
Printing & Binding	200	-	33	33	200	
Legal Advertising	2,000	2,312	462	2,774	2,500	
Other Current Charges	300	381	76	457	300	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	61,616	$	54,111	$	8,455	$	62,566	$	73,835	
Operations & Maintenance						
Field Expenditures						
Electric - Street Lighting	$	36,000	$	9,478	$	1,896	$	11,374	$	36,000	
Repairs and Maintenance	1,911	-	319	319	2,500	
Landscape Maintenance - Single Family	31,200	24,000	4,800	28,800	31,200	
Drainage Clean Up	3,360	-	3,360	3,360	3,360	
TOTAL FIELD EXPENDITURES	$	72,471	$	33,478	$	10,374	$	43,852	$	73,060	

TOTAL EXPENDITURES	$	134,087	$	87,589	$	18,829	$	106,418	$	146,895	

EXCESS REVENUES (EXPENDITURES)	$	0	$	52,995	$	(15,399)	$	37,596	$	-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	106,248	
	(5,312) 	
 $	100,935 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	

Single Family	148	$  106,247.72	$	717.89	$	717.89	$	-	

Total	148	$ 106,247.72	

Biscayne Drive Estates	
Community Development District	
Budget Narrative	

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.	
Devloper Contributions	
The Developer funded landscaping maintenace for the district for three fiscal years FY2024 through FY2026.	

Expenditures - Administrative

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 from the previous year engagement plus anticipated increase.
Assessment Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.
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
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Biscayne Drive Estates
Community Development District	
Budget Narrative	

Expenditures – Field

Electric - Street Lighting (80 poles)	
Costs from FPL associated with common area street lights	
Repairs and Maintenance	
Represents any general repairs and maintenance items to District property.	
Landscape Maintenance	
The district will contracted Tony's Nursery & Garden to provide landscaping maintenance to the district areas.	
Drainage Clean Up	
The District will enter into a contract for the monthly maintenance of the District drainage system.	

Biscayne Drive Estates	
Community Development District	
Adopted Budget	
Debt Service Series 2022 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	8/31/25	1 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	272,287	$	273,885	$	-	$	273,885	$	272,287	
Interest Earnings	2,000	12,720	2,544	15,264	8,000	
Carry Forward Surplus (1)	270,024	125,202	-	125,202	138,456	

TOTAL REVENUES	$	544,311	$	411,807	$	2,544	$	414,351	$	418,743	

EXPENDITURES:

Interest - 12/15	$	107,456	$	107,456	$	-	$	107,456	$	106,081	
Principal - 6/15	55,000	55,000	-	55,000	60,000	
Interest - 6/15	107,456	107,456	-	107,456	106,081	

TOTAL EXPENDITURES	$	269,913	$	269,913	$	-	$	269,913	$	272,163	
Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(4,985)	$	(997)	$	(5,982)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(4,985)	$	(997)	$	(5,982)	$	-	

TOTAL EXPENDITURES	$	269,913	$	274,898	$	997	$	275,895	$	272,163	

EXCESS REVENUES (EXPENDITURES)	$	274,398	$	136,909	$	1,547	$	138,456	$	146,580	

Interest Due 12/15/26		$104,581.25 	
	$104,581.25	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	286,618	
	(14,331) 	
 $	272,287 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	

Single Family	147	$	286,617.66	$	1,949.78	$	1,949.78	$	-	

Total	147	$	286,617.66	

Biscayne Drive Estates	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2022 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/25	3,635,000	5.000%	-	106,081	268,537.50	
06/15/26	3,635,000	5.000%	60,000	106,081		
12/15/26	3,575,000	5.000%	-	104,581	270,662.50	
06/15/27	3,575,000	5.000%	60,000	104,581		
12/15/27	3,515,000	5.000%	-	103,081	267,662.50	
06/15/28	3,515,000	5.000%	65,000	103,081		
12/15/28	3,450,000	5.000%	-	101,456	269,537.50	
06/15/29	3,450,000	5.000%	70,000	101,456		
12/15/29	3,380,000	5.000%	-	99,706	271,162.50	
06/15/30	3,380,000	5.750%	75,000	99,706		
12/15/30	3,305,000	5.750%	-	97,550	272,256.25	
06/15/31	3,305,000	5.750%	75,000	97,550		
12/15/31	3,230,000	5.750%	-	95,394	267,943.75	
06/15/32	3,230,000	5.750%	80,000	95,394		
12/15/32	3,150,000	5.750%	-	93,094	268,487.50	
06/15/33	3,150,000	5.750%	85,000	93,094		
12/15/33	3,065,000	5.750%	-	90,650	268,743.75	
06/15/34	3,065,000	5.750%	90,000	90,650		
12/15/34	2,975,000	5.750%	-	88,063	268,712.50	
06/15/35	2,975,000	5.750%	95,000	88,063		
12/15/35	2,880,000	5.750%	-	85,331	268,393.75	
06/15/36	2,880,000	5.750%	100,000	85,331		
12/15/36	2,780,000	5.750%	-	82,456	267,787.50	
06/15/37	2,780,000	5.750%	110,000	82,456		
12/15/37	2,670,000	5.750%	-	79,294	271,750.00	
06/15/38	2,670,000	5.750%	115,000	79,294		
12/15/38	2,555,000	5.750%	-	75,988	270,281.25	
06/15/39	2,555,000	5.750%	120,000	75,988		
12/15/39	2,435,000	5.750%	-	72,538	268,525.00	
06/15/40	2,435,000	5.750%	130,000	72,538		
12/15/40	2,305,000	5.750%	-	68,800	271,337.50	
06/15/41	2,305,000	5.750%	135,000	68,800		
12/15/41	2,170,000	5.750%	-	64,919	268,718.75	
06/15/42	2,170,000	5.750%	145,000	64,919		
12/15/42	2,025,000	5.750%	-	60,750	270,668.75	
06/15/43	2,025,000	6.000%	155,000	60,750		
12/15/43	1,870,000	6.000%	-	56,100	271,850.00	
06/15/44	1,870,000	6.000%	160,000	56,100		
12/15/44	1,710,000	6.000%	-	51,300	267,400.00	
06/15/45	1,710,000	6.000%	170,000	51,300		
12/15/45	1,540,000	6.000%	-	46,200	267,500.00	
06/15/46	1,540,000	6.000%	185,000	46,200		
12/15/46	1,355,000	6.000%	-	40,650	271,850.00	
06/15/47	1,355,000	6.000%	195,000	40,650		
12/15/47	1,160,000	6.000%	-	34,800	270,450.00	
06/15/48	1,160,000	6.000%	205,000	34,800		
12/15/48	955,000	6.000%	-	28,650	268,450.00	
06/15/49	955,000	6.000%	220,000	28,650		
12/15/49	735,000	6.000%	-	22,050	270,700.00	
06/15/50	735,000	6.000%	230,000	22,050		
12/15/50	505,000	6.000%	-	15,150	267,200.00	
06/15/51	505,000	6.000%	245,000	15,150		
12/15/51	260,000	6.000%	-	7,800	267,950.00	
06/15/52	260,000	6.000%	260,000	7,800	267,800.00	
Total			$3,635,000	$3,744,863	$7,379,863	

Biscayne Drive Estates	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2026	

Neighborhood	O&M Units	Bonds Units
2022	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2026	FY2025	Increase/ (decrease)	FY 2026	FY2025	Increase/ (decrease)	FY 2026	FY2025	Increase/ (decrease)	

Single Family	
148	
147	
$717.89	
$717.89	
$0.00	
$1,949.78	
$1,949.78	
$0.00	
$2,667.67	
$2,667.67	
$0.00	
Total	148	147										

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