Forest Oaks 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 BUDGET

III

ASSESSMENT COMPARISON

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

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O&M Assessments

142,276

Developer Contribution

0

Debt Assessments

243,600

Interest Income

240

TOTAL REVENUES

$	386,116

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

Management

30,804

Legal

27,500

Engineering / Inspections

3,500

Assessment Roll

5,000

Audit Fees

4,500

Insurance

5,500

Legal Advertisements

9,000

Miscellaneous

2,000

Postage

300

Office Supplies

1,500

Dues & Subscriptions

175

Trustee Fees

4,200

Continuing Disclosure Fee

1,000

Total Administrative Expenditures

$	94,979

Maintenance Expenditures

Lake Maintenance

$	12,000

Littoral Maintenance

$	9,000

Dry Area Maintenance

$	9,000

Lift Station Maintenance

$	9,000

Total Maintnenance Expenditures

$	39,000

TOTAL EXPENDITURES

$	133,979

REVENUES LESS EXPENDITURES

$	252,137

Bond Payments

(228,984)

BALANCE

$	23,153

County Appraiser & Tax Collector Fee

(7,718)

Discounts For Early Payments

(15,435)

EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
FOREST OAKS 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

0

145,236

142,276

Expenditures Less Interest & Carryover/.94

Developer Contribution

103,494

0

0

Debt Assessments

0

243,600

243,600

Bond Payments/.94

Interest Income

219

240

240

Interest Estimated At $20 Per Month

TOTAL REVENUES

$	103,713

$	389,076

$	386,116

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

Management

27,500

30,000

30,804

CPI Adjustment

Legal

25,637

30,000

27,500

Fiscal Year 2024/2025 Actual Included Bond Validation

Engineering / Inspections

0

3,500

3,500

No Change From 2025/2026 Budget

Assessment Roll

5,000

5,000

5,000

As Per Contract

Audit Fees

0

4,000

4,500

Fee For 2025/2026 Audit

Insurance

2,986

6,000

5,500

Insurance Estimate

Legal Advertisements

16,954

10,000

9,000

$1,000 Decrease From 2025/2026 Budget

Miscellaneous

193

2,087

2,000

$87 Decrease From 2025/2026 Budget

Postage

43

300

300

No Change From 2025/2026 Budget

Office Supplies

1,592

1,500

1,500

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

Annual Fee Due Department Of Economic Opportunity

Trustee Fees

0

4,200

4,200

No Change From 2025/2026 Budget

Continuing Disclosure Fee

0

1,000

1,000

No Change From 2025/2026 Budget

Total Administrative Expenditures

$	80,080

$	97,762

$	94,979

Maintenance Expenditures

Lake Maintenance

$	-

$	12,000

$	12,000

No Change From 2025/2026 Budget

Littoral Maintenance

$	9,000

$	9,000

No Change From 2025/2026 Budget

Dry Area Maintenance

$	9,000

$	9,000

No Change From 2025/2026 Budget

Lift Station Maintenance

$	9,000

$	9,000

No Change From 2025/2026 Budget

Total Maintnenance Expenditures

$	-

$	39,000

$	39,000

TOTAL EXPENDITURES

$	80,080

$	136,762

$	133,979

REVENUES LESS EXPENDITURES

$	23,633

$	252,314

$	252,137

Bond Payments

0

(228,984)

(228,984)

2027 Principal & Interest Payments

BALANCE

$	23,633

$	23,330

$	23,153

County Appraiser & Tax Collector Fee

0

(7,777)

(7,718)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

0

(15,553)

(15,435)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	23,633

$	0

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2025)
FOREST OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Note: Capitalized Interest Was Set-Up Through November 2025.

Series 2025 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$3,200,000 4.65% - 6.00%
May 2025
May 2055

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$3,200,000

III

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

2,593

0

500

Projected Interest For 2026/2027

Bond Proceeds

199,894

0

0

NAV Tax Collection

0

228,984

228,984

Maximum Debt Service Collection

Total Revenues

$	202,487

$	228,984

$	229,484

EXPENDITURES

Principal Payments

0

45,000

45,000

Principal Payment Due In 2027

Interest Payments

0

182,209

180,116

Interest Payments Due In 2027

Bond Redemption

0

1,775

4,368

Estimated Excess Debt Collections

Total Expenditures

$	-

$	228,984

$	229,484

Excess/ (Shortfall)

$	202,487

$	-

$	-

FOREST OAKS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
 Projected Assessment* 

O & M For Single Family 45' Debt For Single Family 45'
Total For Single Family

$
$

390.42
-

$
$

390.42
800.00

$
$

382.47
800.00

$

390.42

$

1,190.42

$

1,182.47

O & M For Townhomes 24' Debt For Townhomes 24'
Total For Single Family

$
$

390.42
-

$
$

390.42
700.00

$
$

382.47
700.00

$

390.42

$

1,090.42

$

1,082.47

O & M For Townhomes 18'-20' Debt For Townhomes 18'-20'
Total For Single Family

$
$

390.42
-

$
$

390.42
600.00

$
$

382.47
600.00

$

390.42

$

990.42

$

982.47

O & M For Workforce Housing Debt For Workforce Housing
Total For Single Family

$

390.42

$

390.42

$

382.47

N/A

N/A

N/A

$

390.42

$

390.42

$

382.47

* Assessments Include the Following: 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information Single Family 45'
Townhomes 24'
Townhomes 18'-20'
	Workforce Housing	 Total

94
82
185
	11	 372

94
82
185
	11	 372

IV