Lake Harris
Community Development District

Proposed Budget
FY2027

Table of Contents

1-2

3-5

6

General Fund

General Fund Narrative

Series 2023 Debt Service Fund

7	Series 2023 Amortization Schedule

Lake Harris
Community Development District Proposed Budget
General Fund

	Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Proposed
Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Revenues						
Assessments - Platted	$	135,859	$	133,580	$	2,278	$	135,859	$	135,859	
Assessments - Unplatted	$	63,327	$	47,495	$	15,833	$	63,327	$	63,327	
Interest Income	$	-	$	1,082	$	270	$	1,352	$	-	
Total Revenues	$	199,186	$	182,157	$	18,381	$  200,538	$	199,186	

Expenditures						
General & Administrative
Supervisor Fees	
$	2,400	
$	-	
$	800	
$	800	
$	2,400	
FICA Expenses	$	184	$	-	$	61	$	61	$	184	
Engineering	$	12,000	$	375	$	3,000	$	3,375	$	12,000	
Attorney	$	15,000	$	582	$	3,500	$	4,082	$	15,000	
Annual Audit	$	5,200	$	5,300	$	-	$	5,300	$	5,400	
Assessment Administration	$	5,250	$	5,250	$	-	$	5,250	$	5,250	
Arbitrage	$	450	$	900	$	-	$	900	$	450	
Dissemination	$	5,408	$	2,253	$	3,157	$	5,410	$	5,408	
Reamortization	$	-	$	100	$	-	$	100	$	200	
Trustee Fees	$	4,500	$	3,192	$	1,308	$	4,500	$	4,500	
Management Fees	$	41,200	$	17,167	$	24,031	$	41,198	$	41,200	
Information Technology	$	1,947	$	811	$	1,134	$	1,945	$	1,947	
Website Maintenance	$	1,298	$	541	$	756	$	1,297	$	1,298	
Telephone	$	300	$	-	$	50	$	50	$	300	
Postage & Delivery	$	1,000	$	36	$	100	$	136	$	1,000	
Insurance	$	6,584	$	5,732	$	-	$	5,732	$	6,305	
Printing & Binding	$	1,000	$	-	$	50	$	50	$	1,000	
Legal Advertising	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Other Current Charges	$	1,000	$	34	$	315	$	349	$	1,000	
Office Supplies	$	250	$	1	$	50	$	51	$	250	
Travel Per Diem	$	300	$	-	$	150	$	150	$	300	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	110,445	$	42,448	$	40,962	$	83,411	$	110,566	

Lake Harris
Community Development District Proposed Budget
General Fund

Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Proposed
Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Operations & Maintenance							
Field Expenditures							
Field Management		$	15,450	$	6,438	$	9,016	$	15,454	$	15,450	
Landscape Maintenance		$	13,950	$	5,810	$	8,134	$	13,944	$	18,916	
Pond Disking		$	18,900	$	7,875	$	11,025	$	18,900	$	19,467	
Landscape Replacement		$	10,000	$	2,961	$	5,000	$	7,961	$	10,000	
Irrigation Repairs		$	2,500	$	-	$	1,250	$	1,250	$	2,500	
General Repairs & Maintenance		$	10,000	$	935	$	5,000	$	5,935	$	10,000	
Contingency		$	17,941	$	-	$	8,971	$	8,971	$	12,288	
Total Operations & Maintenance		$	88,741	$	24,018	$	48,396	$	72,414	$	88,620	
							
Total Expenditures		$	199,186	$	66,467	$	89,358	$  155,825	$	199,186	
							
Excess Revenues/(Expenditures)		$	-	$	115,690	$	(70,976)	$	44,714	$	-	
							
Product Type	ERU	Assessable Units	Total ERU	Net Assessment	Net Per Unit	Gross Per Unit	
Single Family - 40'	0.8	107	85.60	$54,882.08	$	512.92	$	545.66	
Single Family - 50'	1	125	125.00	$80,143.23	$	641.15	$	682.07	
Single Family - 65'	1.3	1	1.30	$833.49	$	833.49	$	886.69	
Administration	0.32	309	98.77	$63,327.20	$	204.94	$	218.02	
		542	310.67	$199,186.00			

Phase 1							
Product Type	FY 26 O&M (Gross)	FY 27 O&M (Gross)	Increase/ (Decrease)				
Single Family - 40'	$	545.66	$	545.66	$	-				
Single Family - 50'	$	682.07	$	682.07	$	-				
Single Family - 65'	$	886.69	$	886.69	$	-				

Phase 2							

Product Type

FY 26 O&M (Gross)  FY 27 O&M (Gross)

Increase/
(Decrease)

Single Family - 40'

$	545.66  $

545.66 $	-

Single Family - 50'	$	682.07	$	682.07	$	-	
Single Family - 65'	$	886.69	$	886.69	$	-	

Administration					
Product Type	FY 26 O&M (Gross)  FY 27 O&M (Gross)	Increase/
(Decrease)	

Undeveloped

$	218.02  $

218.02 $	-

Lake Harris
Community Development District
General Fund Budget

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District to pay for operating expenditures during the fiscal year.
Interest Income

Represents interest income the District receive from interest earning accounts.

Expenditures:
General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expenditure

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

Engineering

The District's engineer, Gai Consultants, Inc., provides general engineering services to the District, e.g., attendance and preparation for monthly board meetings, review invoices and various projects as directed by the District Manager.

Attorney

The District's legal counsel, Kutak Rock, LLP, provides general legal services to the District, e.g., attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

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.

Arbitrage

The District is contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on Series 2023 bond issuance.

Lake Harris
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. This cost is based upon the Series 2023 bonds. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

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. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Represents cost for telephone and fax machine.

Postage & Delivery

Mailing of board meeting agenda packages, overnight deliveries, checks for vendors and any other required correspondence.

Insurance

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

Printing & Binding

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

Legal Advertising

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

Lake Harris
Community Development District
General Fund Budget

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

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

Field Expenditures:

Field Management

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

Landscape Maintenance

Represents the cost for maintenance of landscaping within the common areas of the District, after the installation of landscape material has been completed.

Pond Disking

Represents the cost to disk pond floors within the District.

Landscape Replacement

Represents the cost of replacing landscaping within the common areas of the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Lake Harris
Community Development District
Proposed Budget
Series 2023 Debt Service Fund

Description	Adopted Budget FY2026	Actuals Thru 2/28/26	Projected Next
7 Months	Total Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Special Assessments	$	308,247	$	297,873	$	10,374	$	308,247	$	308,247	
Assessments - Prepayment	$	-	$	73,562	$	-	$	73,562	$	-	
Interest	$	9,635	$	6,389	$	1,597	$	7,986	$	3,993	
Carry Forward Surplus	$	215,051	$	146,216	$	-	$	146,216	$	118,771	
Total Revenues	$	532,933	$	524,040	$	11,971	$	536,011	$	431,011	

Expenditures						
Interest Expense - 11/1	$	116,605	$	117,143	$	-	$	117,143	$	111,969	
Special Call 11/1	$	-	$	10,000	$	-	$	10,000	$	-	
Special Call 2/1	$	-	$	40,000	$	-	$	40,000	$	-	
Principal Expense - 5/1	$	70,000	$	-	$	70,000	$	70,000	$	70,000	
Interest Expense - 5/1	$	116,605	$	-	$	115,259	$	115,259	$	111,969	
Special Call 5/1	$	-	$	-	$	60,000	$	60,000	$	-	
Total Expenditures	$	303,210	$	167,143	$	245,259	$	412,403	$	293,938	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	-	

$	(4,837)	

$	-	

$	(4,837)	

$	-	
Total Other Financing Sources/(Uses)	$	-	$	(4,837)	$	-	$	(4,837)	$	-	
						
Excess Revenues/(Expenditures)	$	229,723	$	352,059	$	(233,289)	$	118,771	$	137,073	

Interest Expense 11/1/27	 $	110,324 
Total	$	110,324

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - 40'	105	$	141,555	$1,348	$1,434	
Single Family - 50'	123	$	165,369	$1,344	$1,430	
Single Family - 65'	1	$	1,323	$1,323	$1,407	
	229	$	308,247			

Lake Harris Community Development District Series 2023 Special Assessment Bonds
Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	
									
11/01/26	$	4,100,000.00	$	-	$	111,968.75	$	111,968.75	
05/01/27	$	4,100,000.00	$	70,000.00	$	111,968.75			
11/01/27	$	4,030,000.00	$	-	$	110,323.75	$	292,292.50	
05/01/28	$	4,030,000.00	$	75,000.00	$	110,323.75			
11/01/28	$	3,955,000.00	$	-	$	108,561.25	$	293,885.00	
05/01/29	$	3,955,000.00	$	75,000.00	$	108,561.25			
11/01/29	$	3,880,000.00	$	-	$	106,798.75	$	290,360.00	
05/01/30	$	3,880,000.00	$	80,000.00	$	106,798.75			
11/01/30	$	3,800,000.00	$	-	$	104,918.75	$	291,717.50	
05/01/31	$	3,800,000.00	$	85,000.00	$	104,918.75			
11/01/31	$	3,715,000.00	$	-	$	102,634.38	$	292,553.13	
05/01/32	$	3,715,000.00	$	90,000.00	$	102,634.38			
11/01/32	$	3,625,000.00	$	-	$	100,215.63	$	292,850.00	
05/01/33	$	3,625,000.00	$	95,000.00	$	100,215.63			
11/01/33	$	3,530,000.00	$	-	$	97,662.50	$	292,878.13	
05/01/34	$	3,530,000.00	$	100,000.00	$	97,662.50			
11/01/34	$	3,430,000.00	$	-	$	94,975.00	$	292,637.50	
05/01/35	$	3,430,000.00	$	105,000.00	$	94,975.00			
11/01/35	$	3,325,000.00	$	-	$	92,153.13	$	292,128.13	
05/01/36	$	3,325,000.00	$	110,000.00	$	92,153.13			
11/01/36	$	3,215,000.00	$	-	$	89,196.88	$	291,350.00	
05/01/37	$	3,215,000.00	$	120,000.00	$	89,196.88			
11/01/37	$	3,095,000.00	$	-	$	85,971.88	$	295,168.75	
05/01/38	$	3,095,000.00	$	125,000.00	$	85,971.88			
11/01/38	$	2,970,000.00	$	-	$	82,612.50	$	293,584.38	
05/01/39	$	2,970,000.00	$	130,000.00	$	82,612.50			
11/01/39	$	2,840,000.00	$	-	$	79,118.75	$	291,731.25	
05/01/40	$	2,840,000.00	$	140,000.00	$	79,118.75			
11/01/40	$	2,700,000.00	$	-	$	75,356.25	$	294,475.00	
05/01/41	$	2,700,000.00	$	145,000.00	$	75,356.25			
11/01/41	$	2,400,000.00	$	-	$	71,459.38	$	291,815.63	
05/01/42	$	2,235,000.00	$	155,000.00	$	71,459.38			
11/01/42	$	2,235,000.00	$	-	$	67,293.75	$	293,753.13	
05/01/43	$	2,235,000.00	$	165,000.00	$	67,293.75			
11/01/43	$	2,235,000.00	$	-	$	62,859.38	$	295,153.13	
05/01/44	$	2,235,000.00	$	170,000.00	$	62,859.38			
11/01/44	$	2,065,000.00	$	-	$	58,078.13	$	290,937.50	
05/01/45	$	2,065,000.00	$	180,000.00	$	58,078.13			
11/01/45	$	1,885,000.00	$	-	$	53,015.63	$	291,093.75	
05/01/46	$	1,885,000.00	$	190,000.00	$	53,015.63			
11/01/46	$	1,695,000.00	$	-	$	47,671.88	$	290,687.50	
05/01/47	$	1,695,000.00	$	205,000.00	$	47,671.88			
11/01/47	$	1,490,000.00	$	-	$	41,906.25	$	294,578.13	
05/01/48	$	1,490,000.00	$	215,000.00	$	41,906.25			
11/01/48	$	1,275,000.00	$	-	$	35,859.38	$	292,765.63	
05/01/49	$	1,275,000.00	$	225,000.00	$	35,859.38			
11/01/49	$	1,050,000.00	$	-	$	29,531.25	$	290,390.63	
05/01/50	$	1,050,000.00	$	240,000.00	$	29,531.25	$	-	
11/01/50	$	810,000.00	$	-	$	22,781.25	$	292,312.50	
05/01/51	$	810,000.00	$	255,000.00	$	22,781.25	$	-	
11/01/51	$	555,000.00	$	-	$	15,609.38	$	293,390.63	
05/01/52	$	555,000.00	$	270,000.00	$	15,609.38	$	-	
11/01/52	$	285,000.00	$	-	$	8,015.63	$	293,625.00	
05/01/53	$	285,000.00	$	285,000.00	$	8,015.63	$	293,015.63	
			$	4,100,000.00	$	3,913,098.75	$	8,013,098.75