Bluewaters Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2025/2026 BUDGET	
ADMINISTRATIVE ASSESSMENTS	93,879	
MAINTENANCE ASSESSMENTS	147,627	
DEBT ASSESSMENTS	302,048	
OTHER REVENUES	0	
INTEREST INCOME	1,440	
TOTAL REVENUES	$	544,994	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
AQUATIC MAINTENANCE	6,000	
ANNUAL LANDSCAPE & IRRIGATION MAINT. SERVICES	68,000	
LANDSCAPING UPKEEP	15,000	
FPL - IRRIGATION	1,000	
IRRIGATION SYSTEM UPKEEP	5,000	
COMMUNITY JANITORIAL SERVICES	18,000	
PARKING ENFORCEMENT & TOWING EXPENSES	7,500	
FIELD OPERATIONS	2,520	
ENGINEERING/INSPECTIONS/OTHER	2,000	
STORM DRAIN CLEANING - TOWNHOMES	15,000	
STORM DRAINAGE/CLASS V PERMIT	3,500	
HOLIDAY LIGHTING AND DÉCOR	12,000	
PRESSURE CLEANING	10,000	
MAINTENANCE CONTINGENCY	8,000	
TOTAL MAINTENANCE EXPENDITURES	$	173,520	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	2,000	
PAYROLL TAXES (EMPLOYER)	153	
MANAGEMENT	34,308	
SECRETARIAL	4,200	
LEGAL	11,500	
LEGAL/OTHER	2,400	
ASSESSMENT ROLL	6,000	
AUDIT FEES	3,700	
ARBITRAGE REBATE FEE	650	
INSURANCE	9,200	
LEGAL ADVERTISING	4,000	
MISCELLANEOUS	2,600	
POSTAGE	400	
OFFICE SUPPLIES	550	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	4,500	
CONTINUING DISCLOSURE FEE	350	
WEBSITE MANAGEMENT	2,000	
ADMINISTRATIVE CONTINGENCY	1,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	89,686	
		
TOTAL EXPENDITURES	$	263,206	
		
REVENUES LESS EXPENDITURES	$	281,788	
		
BOND PAYMENTS	(283,925)	
		
BALANCE	$	(2,137)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(10,871)	
DISCOUNTS FOR EARLY PAYMENTS	(21,742)	
		
EXCESS/ (SHORTFALL)	$	(34,750)	
		
CARRYOVER FROM PRIOR YEAR	34,750	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED PROPOSED BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	90,001	91,506	93,879	Expenditures Less Interest/.94	
MAINTENANCE ASSESSMENTS	109,574	150,021	147,627	Expenditures Less Carryover/.94	
DEBT ASSESSMENTS	419,947	302,048	302,048	Bond Payments/.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	26,484	960	1,440	Interest Projected At $120 Per Month	
TOTAL REVENUES	$	646,006	$	544,535	$	544,994		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
AQUATIC MAINTENANCE	3,912	6,000	6,000	No Change From 2024/2025 Budget	
ANNUAL LANDSCAPE & IRRIGATION MAINT. SERVICES	104,083	58,000	68,000	Fiscal Year 2023/2024 Expenditure Included Mulch	
LANDSCAPING UPKEEP	0	15,000	15,000	No Change From 2024/2025 Budget	
FPL - IRRIGATION	729	1,000	1,000	No Change From 2024/2025 Budget	
IRRIGATION SYSTEM UPKEEP	0	5,000	5,000	No Change From 2024/2025 Budget	
COMMUNITY JANITORIAL SERVICES	17,316	18,000	18,000	No Change From 2024/2025 Budget	
PARKING ENFORCEMENT & TOWING EXPENSES	7,200	7,500	7,500	No Change From 2024/2025 Budget	
FIELD OPERATIONS	2,520	2,520	2,520	No Change From 2024/2025 Budget	
ENGINEERING/INSPECTIONS/OTHER	1,100	2,000	2,000	No Change From 2024/2025 Budget	
STORM DRAIN CLEANING - TOWNHOMES	0	15,000	15,000	No Change From 2024/2025 Budget	
STORM DRAINAGE/CLASS V PERMIT	0	0	3,500	New Requirement In Miami-Dade County	
HOLIDAY LIGHTING AND DÉCOR	0	0	12,000	Holiday Lighting and Décor	
PRESSURE CLEANING	0	0	10,000	Pressure Cleaning	
MAINTENANCE CONTINGENCY	33,519	11,000	8,000	$3,000 Decrease From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	170,379	$	141,020	$	173,520		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	1,925	2,000	2,000	No Change From 2024/2025 Budget	
PAYROLL TAXES (EMPLOYER)	147	153	153	Supervisor Fees * 7.65%	
MANAGEMENT	32,388	33,348	34,308	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	8,208	11,500	11,500	No Change From 2024/2025 Budget	
LEGAL/OTHER	0	2,400	2,400	No Change From 2024/2025 Budget	
ASSESSMENT ROLL	6,000	6,000	6,000	As Per Contract	
AUDIT FEES	3,900	4,000	3,700	Accepted Amount For 2024/2025 Audit	
ARBITRAGE REBATE FEE	650	650	650	No Change From 2024/2025 Budget	
INSURANCE	8,362	9,000	9,200	Fiscal Year 2024/2025 Expenditure Was $8,696	
LEGAL ADVERTISING	3,843	2,000	4,000	Costs Have Increases Due To Closing Of The Miami Business Review	
MISCELLANEOUS	2,210	2,700	2,600	$100 Decrease From 2024/2025 Budget	
POSTAGE	248	425	400	$25 Decrease From 2024/2025 Budget	
OFFICE SUPPLIES	459	575	550	$25 Decrease From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
TRUSTEE FEES	4,500	4,500	4,500	No Change From 2024/2025 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2024/2025 Budget	
ADMINISTRATIVE CONTINGENCY	0	1,000	1,000	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	79,565	$	86,976	$	89,686		
					
TOTAL EXPENDITURES	$	249,944	$	227,996	$	263,206		
					
REVENUES LESS EXPENDITURES	$	396,062	$	316,539	$	281,788		
					
BOND PAYMENTS	(400,075)	(283,925)	(283,925)	2026 P & I Payments Less Interest	
					
BALANCE	$	(4,013)	$	32,614	$	(2,137)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(5,954)	(10,871)	(10,871)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(23,315)	(21,743)	(21,742)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(33,282)	$	-	$	(34,750)		
					
CARRYOVER FROM PRIOR YEAR	0	0	34,750	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(33,282)	$	-	$	-		

II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
26,080	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
400,075	
283,925	
283,925	
Maximum Debt Service Collection	

Total Revenues	
$	426,155	
$	284,425	
$	284,925		

EXPENDITURES					

Principal Payments	
280,000	
168,000	
176,000	
Principal Payment Due In 2026	

Interest Payments	
103,275	
115,700	
107,100	
Interest Payments Due In 2026	

Bond Redemption	
0	
725	
1,825	
Estimated Excess Debt Collections	

Total Expenditures	
$	383,275	
$	284,425	
$	284,925		

Excess/ (Shortfall)	
$	42,880	
$	-	
$	-		

Series 2024 Bond Refunding Information

Original Par Amount =	$2,398,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	July 2024			
Maturity Date =

Par Amount As Of 1-1-2025 =	May 2035

$2,398,000			

III

Bluewaters Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative	
$	154.41	
$	186.80	
$	192.25	
$	197.23	
Maintenance	$	262.65	$	230.20	$	315.18	$	310.15	
Debt	$	884.10	$	884.10	$	635.89	$	635.89	
Total	$	1,301.16	$	1,301.10	$	1,143.32	$	1,143.27	

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

 Community Information:	

Total Units	476	
Prepayments	1	
Billed for Debt	475	

IV