Title: St. Augustine Lakes FY27 Adopted Budget

St. Augustine Lakes
Community Development District
Adopted Budget General Fund

St. Augustine Lakes
Community Development District
Budget Narrative

St. Augustine Lakes
Community Development District

St. Augustine Lakes
Community Development District Adopted Budget
FY 2027

August 24, 2026

Presented by:

Table of Contents

1-2

3-5

6-7

8

	General Fund

	Narratives

	Debt Service Fund Series 2022

	Capital Reserve Fund

9		Assessment Schedule

| Adopted Budget | Actuals Thru | Projected Next | Projected Thru | Adopted Budget
Description | FY2026 | 7/31/26 | 2 Months | 9/30/26 | FY 2027
REVENUES: | | | | |
Special Assessments | $	598,420 | $	601,968 | $	- | $	601,968 | $	598,420
Interest income | 6,000 | 6,225 | 1,560 | 7,785 | 6,000
Carry Forward Surplus | - | - | - | - | 44,575
TOTAL REVENUES | $	604,420 | $	608,193 | $	1,560 | $	609,753 | $	648,995
EXPENDITURES: | | | | |
Administrative | | | | |
Supervisor Fees | $	12,000 | $	8,000 | $	2,000 | $	10,000 | $	12,000
FICA Taxes | 918 | 612 | 153 | 765 | 918
Engineering | 9,000 | - | 2,000 | 2,000 | 15,000
Attorney | 15,000 | 4,145 | 10,855 | 15,000 | 15,000
Annual Audit | 3,575 | 3,425 | 3,575 | 7,000 | 3,575
Assessment Administration | 2,783 | 2,783 | - | 2,783 | 2,949
Arbitrage Rebate | 450 | 450 | - | 450 | 450
Dissemination Agent | 2,783 | 2,319 | 464 | 2,783 | 2,949
Software Licensing | 1,500 | 750 | - | 750 | 1,500
Trustee Fees | 7,188 | 7,288 | - | 7,288 | 7,300
Management Fees | 55,745 | 46,454 | 9,291 | 55,745 | 59,089
Information Technology | 2,124 | 1,770 | 354 | 2,124 | 2,251
Website Maintenance | 1,416 | 1,180 | 236 | 1,416 | 1,501
Telephone | 200 | 69 | 25 | 94 | 200
Postage & Delivery | 850 | 925 | 60 | 985 | 1,025
Insurance General Liability | 7,500 | 7,398 | - | 7,398 | 6,487
Printing & Binding | 500 | 303 | 197 | 500 | 500
Legal Advertising | 2,500 | 853 | 280 | 1,133 | 2,500
Other Current Charges | 1,200 | 797 | 200 | 997 | 1,200
Meeting Room | - | 2,400 | 900 | 3,300 | 3,600
Office Supplies | 450 | 5 | 5 | 10 | 450
Dues, Licenses & Subscriptions | 175 | 175 | - | 175 | 175
TOTAL ADMINISTRATIVE | $	127,854 | $	92,101 | $	30,595 | $	122,695 | $	140,620
Operations & Maintenance | | | | |
Amenity Center | | | | |
Electric | $	9,000 | $	6,837 | $	1,414 | $	8,251 | $	9,000
Water/Sewer/Irrigation | 9,000 | 3,275 | 780 | 4,055 | 9,000
Security Monitoring (Envera) | 22,000 | 7,172 | 1,434 | 8,607 | 12,000
Security Services Patrol | 15,000 | 12,463 | 10,920 | 23,383 | 17,000
Pool Maintenance | 17,905 | 13,675 | 2,600 | 16,275 | 17,905
Pool Permits | 350 | 701 | - | 701 | 350
Pool Attendants | 37,412 | 26,979 | 10,792 | 37,771 | 37,771
Janitorial | 4,100 | 3,745 | 800 | 4,545 | 4,800
Repairs & Maintenance | 5,000 | 3,731 | 1,269 | 5,000 | 5,000
Special Events | 10,000 | - | 10,000 | 10,000 | 10,000
Insurance - Property | 13,365 | 10,984 | - | 10,984 | 10,435
TOTAL AMENITY CENTER | $	143,132 | $	89,562 | $	40,009 | $	129,571 | $	133,261

Description

Adopted Budget
FY2026

Actuals	Projected	Projected Thru		Next		Thru
^7/31/26		2 Months		^9/30/26

Adopted Budget
FY 2027

Grounds Maintenance |
Field Mgmt / Admin | $	22,800 | $	19,000 | $	3,800 | $	22,800 | $	22,800
Landscape Maintenance | 160,050 | 133,375 | 26,675 | 160,050 | 160,050
Landscape Contingency | 18,000 | 26,866 | - | 26,866 | 18,000
Tree Removals | 24,000 | 6,194 | 4,000 | 10,194 | 24,000
Irrigation Repairs | - | 2,022 | 2,000 | 4,022 | 5,000
Mulching | - | - | - | - | 20,000
Lake Maintenance | 17,800 | 12,750 | 2,550 | 15,300 | 18,256
Wetland Mitigation | 13,000 | - | - | - | 13,000
Grounds Maintenance | 10,000 | 345 | 3,000 | 3,345 | 10,000
Pet Waste Disposal | 5,784 | 7,578 | 2,168 | 9,746 | 13,008
Reclaim Water | 10,000 | - | - | - | 8,000
Electric | 11,000 | 9,869 | 2,900 | 12,769 | 12,000
Miscellaneous | 6,000 | - | 2,000 | 2,000 | 6,000
Holiday Decorations | 15,000 | 2,978 | 12,022 | 15,000 | 15,000
Road Striping | - | - | - | - | 10,000
TOTAL GROUNDS MAINTENANCE | $	313,434 | $	220,978 | $	61,115 | $	282,093 | $	355,114
TOTAL EXPENDITURES | $	584,420 | $	402,641 | $	131,719 | $	534,359 | $	628,995
Other Sources/(Uses) | | | | |
Transfer Out - Capital Reserve | $	(20,000) | $	(20,000) | $	- | $	(20,000) | $	(20,000)
TOTAL OTHER SOURCES/(USES) | $	(20,000) | $	(20,000) | $	- | $	(20,000) | $	(20,000)
EXCESS REVENUES (EXPENDITURES) | $	- | $	185,553 | $  (130,159) | $	55,394 | $	-

REVENUES

Special Assessments
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 and/or direct bill developers to cover expenses.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending meetings.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
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.
Assessment Administration
The District’s assessment roll administration, Governmental Management Service, LLC, will provide services to prepare assessment rolls to district property owners.
Arbitrage Rebate
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District has contracted with an LLS Tax Solutions to perform the calculations.
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. The District has entered into a licensing agreement with Disclosure Technical Services, LLC (DTS) for a software program that assist with the electronic reporting requirements under the Continuing Disclosure Agreement(s) for the bond(s) issued by the District.
Software Licensing
The District has entered into a licensing agreement with Disclosure Technical Services, LLC (DTS) for a software program that assist with the electronic reporting requirements under the Continuing Disclosure Agreement(s) for the bond(s) issued by the District.
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, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Information Technology
Represents costs related to the 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. provided by Governmental Management Services LLC.
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. provided by Governmental Management Services LLC.
Telephone
Actual charges for conference calls.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Expenditures - Administrative (continued)

Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with is with EGIS Insurance Advisors LLC. EGIS Insurance Advisors specialize in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for general liability for the District.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, notices 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 which includes preparation of amortization schedules.
Meeting Room
Estimated cost to rent location for monthly meetings.
Office Supplies
Miscellaneous office supplies.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Expenditures – Amenity Center

Electric
Estimated cost for electric provided by FPL for the amenity center.
Meter #	Location			Monthly	Annual ^41090-17105	^924 ^Arcadian ^Lakes ^Blvd ^#Pool				$680		$8,160 Contingency			$70		$840 
Total	$750	$9,000
Water/Sewer/Irrigation
Estimated cost for water, sewer, and irrigation for amenity center provided by St Johns County Utilities Department Meter #	Location	Monthly	Annual ^600133-149640 ^924 ^Arcadian ^Lakes ^Blvd		$350		$4,200
Contingency		$400	$4,800 
Total	$750	$9,000
Security Monitoring
The estimated cost to provide security monitoring for the Amenity Center contracted with Envera.
Description	Monthly	Annual
Monitoring	$717	$8,607
Contingency		$283	$3,393 
Total	$1,000	$12,000
Security
The District contracted with St Johns County Sheriff's Office using RollKall Technology Services to provide security patrols for the District.
Pool Maintenance
The estimated amount based on proposed contract to provide maintenance of the Amenity Center swimming pool. Pool chemicals are included in the contract with C Buss.

Pool Permits

Description	Monthly	Annual
C Buss	$1,300	$15,600
Contingency		$192	$2,305 
Total	$1,492	$17,905

Represents Permit Fees paid to the Florida Department of Health for the swimming pool.
Pool Attendants
The District will contracted with vendor to provide pool attendants during the operating season for the pool.
Janitorial
The estimated amount based on proposed contract to provide janitorial services for the Amenity Center. Also includes purchases of janitorial supplies.
Repair & Maintenance
Regular maintenance and replacement cost incurred by the Amenity Center of the District.
Special Events
Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.
Insurance-Property
The District's Property Liability Insurance policy is with EGIS Insurance Advisors LLC. EGIS Insurance Advisors specialize in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Budget Narrative

Expenditures – Grounds Maintenance

Field Management and Admin
The District has contract with Vesta for onsite field management of contracts for District services such as landscaping, amenity &
Contract	Monthly	Annual

Landscape Maintenance

Vesta

$	1,900  $

22,800

Cost to maintain the amenity and common areas of the District based on a proposed contract with Yellowstone Landscape.
Contract	Monthly	Annual

Landscape Contingency

Yellowstone Landscape

$	13,338  $

160,050

Estimated cost of landscape services in addition to the monthly contract such as additional sod, plant replacements, and enhancements.
Tree Removals
Estimated cost to remove dead or decaying tress throughout the district.
Irrigation Repairs
Estimated cost to repair and replace and irrigation system breaks.
Mulching
Estimated cost to mulch grounds throughout the District. This includes areas in the amenity center.
Lake Maintenance
Cost for the maintenance of District lakes based on a contract with The Lake Doctors Inc.
Contract | | Monthly | Annual
The Lake Doctors Inc | $ | 1,313 | $	15,756
Grass Carp Restocking | | | $	2,500
| | | $	18,256
Wetland Mitigation
Cost to preserve beneficial aquatic plants in the wetland mitigation area and control nuisance and exotic pest plant populations.
Grounds Maintenance
Contracted staff for repairs and trash pick-up on District owned property.
Pet Waste Disposal
The District has contracted with Doody Daddy LLC for two weekly collection of pet waste stations and provide bags for the each pet waste stations.
Contract	Monthly	Annual

Reclaimed water

Doody Daddy LLC

$	1,084  $

13,008

Estimated Reclaimed water Services for the District provided by utility company.
Electric
Estimate for District streetlighting and common area electric for the community. The amount is based upon the agreement plus estimated cost for fuel charges for Florida Power and Lighting.
Vendor Address | Monthly | Annual
^FPL 83 Arcadian Lakes Blvd #Entry Sign | $35 | $420
908 Arcadian Lakes Blvd #LF Sta | $100 | $1,200
424 Arcadian Lakes Blvd #Pump | $50 | $600
846 Arcadian Lakes Blvd # Pump | $60 | $720
98 Arcadian Lakes Blvd #Pump | $40 | $480
1899 Deer Run Rd #SL LED | $600 | $7,200
Contingency | $115 | $1,380
Total | $1,000 | $12,000
Miscellaneous
Any unanticipated and unscheduled maintenance cost to the District.
Holiday Decorations
Represents estimated costs for the District to decorate the amenity center and other areas of the District throughout the Fiscal Year.

Road Striping
Estimated cost to provide durable pavement markings is as lines, sybols and words on District roads and parking lots using thermoplastic markings, and sealcoating to ensure pavement is safe and traffic flows smoothly.
Capital Reserve
The District has established a maintenance reserve to fund the renewal and replacement of the District’s capital related facilities which will be transferred to Capital Reserve Fund.

Adopted Budget
Debt Service Series 2022 Special Assessment Bonds

| | Adopted Budget | Actuals Thru | Projected Next | Projected Thru | Adopted Budget
Description | FY2026 | 7/31/26 | 2 Months | 9/30/26 | FY 2027
REVENUES: | | | | | |
Special Assessments-On Roll | $	480,528 | $  479,972 | $	- | $	479,972 | $	477,144
Interest Earnings | 15,000 | 15,693 | 2,440 | 18,133 | 15,000
Carry Forward Surplus ^(1) | 274,613 | $236,481 | - | 236,481 | 227,356
TOTAL REVENUES | $	770,141 | $ 732,145 | $	2,440 | $  734,585 | $	719,500
EXPENDITURES: | | | | |
Interest - 12/15 | $	184,286 | $  184,286 | $	- | $	184,286 | $	181,154
Special Call - 12/15 | - | 20,000 | - | 20,000 | -
Interest - 6/15 | 184,286 | 183,739 | - | 183,739 | 181,154
Principal - 6/15 | 110,000 | 110,000 | - | 110,000 | 115,000
TOTAL EXPENDITURES | $	478,571 | $ 498,024 | $	- | $  498,024 | $	477,308
Other Sources/(Uses) | | | | |
Interfund transfer In/(Out) | $	- | $	(9,205) | $	- | $	(9,205) | $	-
TOTAL OTHER SOURCES/(USES) | $	- | $  (9,205) | $	- | $	(9,205) | $	-
TOTAL EXPENDITURES | $	478,571 | $ 507,229 | $	- | $  507,229 | $	477,308
EXCESS REVENUES (EXPENDITURES) | $	291,570 | $ 224,916 | $	2,440 | $  227,356 | $	242,193

^(1) Carry Forward is Net of Reserve Requirement

Interest Due 12/15/27

$178,451.25

$178,451.25

Series 2022, Special Assessment Revenue Bonds Amortization Schedule
(Term Bonds Due Combined)

Period | Outstanding Balance | Principal | | Interest | Annual Debt Service
12/15/26 | 6,695,000 | - | | 181,154 | 181,154
06/15/27 | 6,695,000 | 115,000 | | 181,154 |
12/15/27 | 6,580,000 | - | | 178,451 | 474,605
06/15/28 | 6,580,000 | 120,000 | | 178,451 |
12/15/28 | 6,460,000 | - | | 175,631 | 474,083
06/15/29 | 6,460,000 | 125,000 | | 175,631 |
12/15/29 | 6,335,000 | - | | 172,694 | 473,325
06/15/30 | 6,335,000 | 130,000 | | 172,694 |
12/15/30 | 6,205,000 | - | | 169,200 | 471,894
06/15/31 | 6,205,000 | 140,000 | | 169,200 |
12/15/31 | 6,065,000 | - | | 165,438 | 474,638
06/15/32 | 6,065,000 | 145,000 | | 165,438 |
12/15/32 | 5,920,000 | - | | 161,541 | 471,978
06/15/33 | 5,920,000 | 155,000 | | 161,541 |
12/15/33 | 5,765,000 | - | | 157,375 | 473,916
06/15/34 | 5,765,000 | 165,000 | | 157,375 |
12/15/34 | 5,600,000 | - | | 152,941 | 475,316
06/15/35 | 5,600,000 | 175,000 | | 152,941 |
12/15/35 | 5,425,000 | - | | 148,238 | 476,178
06/15/36 | 5,425,000 | 185,000 | | 148,238 |
12/15/36 | 5,240,000 | - | | 143,266 | 476,503
06/15/37 | 5,240,000 | 195,000 | | 143,266 |
12/15/37 | 5,045,000 | - | | 138,025 | 476,291
06/15/38 | 5,045,000 | 205,000 | | 138,025 |
12/15/38 | 4,840,000 | - | | 132,516 | 475,541
06/15/39 | 4,840,000 | 215,000 | | 132,516 |
12/15/39 | 4,625,000 | - | | 126,738 | 474,253
06/15/40 | 4,625,000 | 225,000 | | 126,738 |
12/15/40 | 4,400,000 | - | | 120,691 | 472,428
06/15/41 | 4,400,000 | 240,000 | $ | 120,691 |
12/15/41 | 4,160,000 | - | | 114,241 | 474,931
06/15/42 | 4,160,000 | 255,000 | | 114,241 |
12/15/42 | 3,905,000 | - | | 107,388 | 476,628
06/15/43 | 3,905,000 | 265,000 | | 107,388 |
12/15/43 | 3,640,000 | - | | 100,100 | 472,488
06/15/44 | 3,640,000 | 280,000 | | 100,100 |
12/15/44 | 3,360,000 | - | | 92,400 | 472,500
06/15/45 | 3,360,000 | 295,000 | | 92,400 |
12/15/45 | 3,065,000 | - | | 84,288 | 471,688
06/15/46 | 3,065,000 | 315,000 | | 84,288 |
12/15/46 | 2,750,000 | - | | 75,625 | 474,913
06/15/47 | 2,750,000 | 330,000 | | 75,625 |
12/15/47 | 2,420,000 | - | | 66,550 | 472,175
06/15/48 | 2,420,000 | 350,000 | | 66,550 |
12/15/48 | 2,070,000 | - | | 56,925 | 473,475
06/15/49 | 2,070,000 | 370,000 | | 56,925 |
12/15/49 | 1,700,000 | - | | 46,750 | 473,675
06/15/50 | 1,700,000 | 390,000 | | 46,750 |
12/15/50 | 1,310,000 | - | | 36,025 | 472,775
06/15/51 | 1,310,000 | 415,000 | | 36,025 |
12/15/51 | 895,000 | - | | 24,613 | 475,638
06/15/52 | 895,000 | 435,000 | | 24,613 |
12/15/52 | 460,000 | - | | 12,650 | 472,263
06/15/53 | 460,000 | 460,000 | | 12,650 | 472,650
Totals | $ | 6,695,000 | $ | 6,282,898 | $  12,977,898

Adopted Budget Capital Reserve Fund

| Approved Budget | Actuals Thru | Projected Next | Projected Thru | Adopted Budget
Description | FY2026 | 7/31/26 | 2 Months | 9/30/26 | FY 2027
REVENUES: | | | | |
Interest Income | $	500 | $	1,532 | $	336 | $	1,868 | $	1,000
Carry Forward Balance | 46,307 | 46,412 | - | 46,412 | 60,400
TOTAL REVENUES | $	46,807 | $	47,944 | $	336 | $	48,280 | $	61,400
EXPENDITURES: | | | | |
Capital Outlay | $	- | $	- | $	- | $	- | $	-
Repair and Replacements | - | 7,880 | - | 7,880 | 20,000
Other Current Charges | - | - | - | - | -
TOTAL EXPENDITURES | $	- | $	7,880 | $	- | $	7,880 | $	20,000
Other Sources/(Uses) | | | | |
Capital Reserve Funding - Transfer In | $	20,000 | $	20,000 | $	- | $	20,000 | $	20,000
TOTAL OTHER SOURCES/(USES) | $	20,000 | $	20,000 | $	- | $	20,000 | $	20,000
EXCESS REVENUES (EXPENDITURES) | $	66,807 | $	60,064 | $	336 | $	60,400 | $	61,400

St. Augustine Lakes
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood

O&M Units

Bonds
2022
Units

Annual Maintenance Assessments

Annual Debt Assessments

Total Assessed Per Unit

| FY 2027 | FY2026 | Increase/ (decrease) | FY 2027 | FY2026 | Increase/ (decrease) | FY 2027 | FY2026 | Increase/ (decrease)
43' | 242 | 242 | $ 1,494.41 | $ 1,494.41 | $	(0.00) | $ 1,200.00 | $ 1,200.00 | $	- | $ 2,694.41 | $ 2,694.41 | $	(0.00)
53' | 184 | 184 | $ 1,494.41 | $ 1,494.41 | $	(0.00) | $ 1,200.00 | $ 1,200.00 | $	- | $ 2,694.41 | $ 2,694.41 | $	(0.00)
Total | 426 | 426 | | | | | | | | |

9