Bluewaters Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover From Prior Year Of $34,750 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

$438,281

$5,525

$443,806

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

ADMINISTRATIVE ASSESSMENTS

91,506

92,522

92,522

MAINTENANCE ASSESSMENTS

150,021

149,936

149,936

DEBT ASSESSMENTS

302,048

302,049

302,049

OTHER REVENUES

0

0

0

INTEREST INCOME

960

17,600

17,454

TOTAL REVENUES

$	544,535

$	562,107

$	561,961

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

2,000

2,200

2,200

PAYROLL TAXES (EMPLOYER)

153

168

168

MANAGEMENT

33,348

33,348

33,348

SECRETARIAL

4,200

4,200

4,200

LEGAL

11,500

9,200

7,613

LEGAL/OTHER

2,400

0

0

ASSESSMENT ROLL

6,000

6,000

6,000

AUDIT FEES

4,000

3,600

3,600

ARBITRAGE REBATE FEE

650

650

0

INSURANCE

9,000

8,696

8,696

LEGAL ADVERTISING

2,000

2,000

988

MISCELLANEOUS

2,700

1,750

1,392

POSTAGE

425

165

142

OFFICE SUPPLIES

575

350

311

DUES & SUBSCRIPTIONS

175

175

175

TRUSTEE FEES

4,500

3,500

3,500

CONTINUING DISCLOSURE FEE

350

350

350

WEBSITE MANAGEMENT

2,000

2,000

2,000

ADMINISTRATIVE CONTINGENCY

1,000

1,000

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	86,976

$	79,352

$	74,683

MAINTENANCE EXPENDITURES

AQUATIC MAINTENANCE

6,000

3,912

3,912

ANNUAL LANDSCAPE & IRRIGATION SYSTEM MAINTENANCE

58,000

81,907

81,907

LANDSCAPING UPKEEP

15,000

2,500

0

FPL - IRRIGATION

1,000

955

955

IRRIGATION SYSTEM UPKEEP

5,000

2,500

0

COMMUNITY JANITORIAL SERVICES

18,000

17,316

17,316

PARKING ENFORCEMENT & TOWING EXPENSES

7,500

7,200

7,200

FIELD OPERATIONS

2,520

2,520

2,520

ENGINEERING/INSPECTIONS/OTHER

2,000

2,459

2,459

STORM DRAIN CLEANING - TOWNHOMES

15,000

2,500

0

MAINTENANCE CONTINGENCY (PRESSURE CLEANING, HOLIDAY LIGHTS, ETC.)

11,000

40,000

35,634

TOTAL MAINTENANCE EXPENDITURES

$	141,020

$	163,769

$	151,903

TOTAL EXPENDITURES

$	227,996

$	243,121

$	226,586

REVENUES LESS EXPENDITURES

$	316,539

$	318,986

$	335,375

BOND PAYMENTS

(283,925)

(287,781)

(287,781)

BALANCE

$	32,614

$	31,205

$	47,594

COUNTY APPRAISER & TAX COLLECTOR FEE

(10,871)

(5,233)

(5,233)

DISCOUNTS FOR EARLY PAYMENTS

(21,743)

(20,447)

(20,447)

EXCESS/ (SHORTFALL)

$	-

$	5,525

$	21,914

CARRYOVER FROM PRIOR YEAR

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	5,525

$	21,914

AMENDED FINAL BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Revenue Fund Balance = $71,925*.
Interest Account Balance To Be Used To Make 11/1/2025 Interest Payment Of $55,750.
* Approximate Amounts

Series 2025 Bond Refunding Information

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

$2,398,000 5.00%
July 2025
May 2035

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$2,230,000

II

$38,302

$33,623

$71,925

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

500

4,100

3,944

NAV Tax Collection

283,925

287,781

287,781

Total Revenues

$	284,425

$	291,881

$	291,724

EXPENDITURES

Principal Payments (2014)

168,000

168,000

168,000

Interest Payments (2014)

115,700

90,258

90,258

Principal Redemption (2014)

725

0

0

Total Expenditures

$	284,425

$	258,258

$	258,258

Excess/ (Shortfall)

$	-

$	33,623

$	33,466