Bluewaters Community Development District

Final Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

FINAL BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

ADMINISTRATIVE ASSESSMENTS

93,085

MAINTENANCE ASSESSMENTS

148,319

DEBT ASSESSMENTS

302,048

OTHER REVENUES

0

INTEREST INCOME

1,560

TOTAL REVENUES

$	545,012

EXPENDITURES

MAINTENANCE EXPENDITURES

AQUATIC MAINTENANCE

6,000

ANNUAL LANDSCAPE & IRRIGATION MAINT. SERVICES

80,000

LANDSCAPING UPKEEP

11,000

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

0

HOLIDAY LIGHTING AND DÉCOR

12,000

AT&T WIRELESS SERVICE

2,000

PRESSURE CLEANING

10,000

MAINTENANCE CONTINGENCY

8,000

TOTAL MAINTENANCE EXPENDITURES

$	180,020

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

2,000

PAYROLL TAXES (EMPLOYER)

153

MANAGEMENT

35,232

SECRETARIAL

4,200

LEGAL

10,500

LEGAL/OTHER

2,400

ASSESSMENT ROLL

6,000

AUDIT FEES

3,800

ARBITRAGE REBATE FEE

650

INSURANCE

9,900

LEGAL ADVERTISING

3,000

MISCELLANEOUS

2,500

POSTAGE

375

OFFICE SUPPLIES

525

DUES & SUBSCRIPTIONS

175

TRUSTEE FEES

4,300

CONTINUING DISCLOSURE FEE

350

WEBSITE MANAGEMENT

2,000

ADMINISTRATIVE CONTINGENCY

1,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	89,060

TOTAL EXPENDITURES

$	269,080

REVENUES LESS EXPENDITURES

$	275,932

BOND PAYMENTS

(283,925)

BALANCE

$	(7,993)

COUNTY APPRAISER & TAX COLLECTOR FEE

(10,869)

DISCOUNTS FOR EARLY PAYMENTS

(21,738)

EXCESS/ (SHORTFALL)

$	(40,600)

CARRYOVER FROM PRIOR YEAR

40,600

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
BLUEWATERS 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

ADMINISTRATIVE ASSESSMENTS

92,522

93,879

93,085

Expenditures Less Interest/.94

MAINTENANCE ASSESSMENTS

149,936

147,627

148,319

Expenditures Less Carryover/.94

DEBT ASSESSMENTS

302,049

302,048

302,048

Bond Payments/.94

OTHER REVENUES

0

0

0

INTEREST INCOME

20,221

1,440

1,560

Interest Projected At $130 Per Month

TOTAL REVENUES

$	564,728

$	544,994

$	545,012

EXPENDITURES

MAINTENANCE EXPENDITURES

AQUATIC MAINTENANCE

3,912

6,000

6,000

No Change From 2025/2026 Budget

ANNUAL LANDSCAPE & IRRIGATION MAINT. SERVICES

81,907

68,000

80,000

$12,000 Increase From 2025/2026 Budget

LANDSCAPING UPKEEP

0

15,000

11,000

$4,000 Decrease From 2025/2026 Budget

FPL - IRRIGATION

955

1,000

1,000

No Change From 2025/2026 Budget

IRRIGATION SYSTEM UPKEEP

0

5,000

5,000

No Change From 2025/2026 Budget

COMMUNITY JANITORIAL SERVICES

17,316

18,000

18,000

No Change From 2025/2026 Budget

PARKING ENFORCEMENT & TOWING EXPENSES

7,200

7,500

7,500

No Change From 2025/2026 Budget

FIELD OPERATIONS

2,520

2,520

2,520

No Change From 2025/2026 Budget

ENGINEERING/INSPECTIONS/OTHER

2,459

2,000

2,000

No Change From 2025/2026 Budget

STORM DRAIN CLEANING - TOWNHOMES

8,500

15,000

15,000

No Change From 2025/2026 Budget

STORM DRAINAGE/CLASS V PERMIT

0

3,500

0

Line Item Eliminated

HOLIDAY LIGHTING AND DÉCOR

10,740

12,000

12,000

No Change From 2025/2026 Budget

AT&T WIRELESS SERVICE

1,792

0

2,000

AT&T Wireless Service

PRESSURE CLEANING

9,340

10,000

10,000

No Change From 2025/2026 Budget

MAINTENANCE CONTINGENCY

5,262

8,000

8,000

$2,000 Decrease From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$	151,903

$	173,520

$	180,020

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

2,200

2,000

2,000

No Change From 2025/2026 Budget

PAYROLL TAXES (EMPLOYER)

168

153

153

Supervisor Fees * 7.65%

MANAGEMENT

33,348

34,308

35,232

CPI Adjustment

SECRETARIAL

4,200

4,200

4,200

No Change From 2025/2026 Budget

LEGAL

7,613

11,500

10,500

FY 2025/2026 Expenditure Through Jan 2026 Was $2,315

LEGAL/OTHER

0

2,400

2,400

No Change From 2025/2026 Budget

ASSESSMENT ROLL

6,000

6,000

6,000

As Per Contract

AUDIT FEES

3,600

3,700

3,800

Accepted Amount For 2025/2026 Audit

ARBITRAGE REBATE FEE

650

650

650

No Change From 2025/2026 Budget

INSURANCE

8,696

9,200

9,900

Fiscal Year 2024/2025 Expenditure Was $9,217

LEGAL ADVERTISING

988

4,000

3,000

$1,000 Decrease From 2025/2026 Budget

MISCELLANEOUS

1,392

2,600

2,500

$100 Decrease From 2025/2026 Budget

POSTAGE

142

400

375

$25 Decrease From 2025/2026 Budget

OFFICE SUPPLIES

311

550

525

$25 Decrease From 2025/2026 Budget

DUES & SUBSCRIPTIONS

175

175

175

No Change From 2025/2026 Budget

TRUSTEE FEES

3,500

4,500

4,300

$200 Decrease From 2025/2026 Budget

CONTINUING DISCLOSURE FEE

350

350

350

No Change From 2025/2026 Budget

WEBSITE MANAGEMENT

2,000

2,000

2,000

No Change From 2025/2026 Budget

ADMINISTRATIVE CONTINGENCY

0

1,000

1,000

No Change From 2025/2026 Budget

TOTAL ADMINISTRATIVE EXPENDITURES

$	75,333

$	89,686

$	89,060

TOTAL EXPENDITURES

$	227,236

$	263,206

$	269,080

REVENUES LESS EXPENDITURES

$	337,492

$	281,788

$	275,932

BOND PAYMENTS

(287,781)

(283,925)

(283,925)

2027 P & I Payments Less Interest

BALANCE

$	49,711

$	(2,137)

$	(7,993)

COUNTY APPRAISER & TAX COLLECTOR FEE

(5,233)

(10,871)

(10,869)

Two Percent Of Total Assessment Roll

DISCOUNTS FOR EARLY PAYMENTS

(20,447)

(21,742)

(21,738)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	24,031

$	(34,750)

$	(40,600)

CARRYOVER FROM PRIOR YEAR

0

34,750

40,600

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	24,031

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET
BLUEWATERS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2024 Bond Refunding Information

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

$2,398,000 5.00%
July 2024
May 2035

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1-1-2026 =

$2,230,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

4,197

1,000

1,250

Projected Interest For 2026/2027

NAV Tax Collection

287,780

283,925

283,925

Maximum Debt Service Collection

Total Revenues

$	291,977

$	284,925

$	285,175

EXPENDITURES

Principal Payments

168,000

176,000

185,000

Principal Payment Due In 2027

Interest Payments

90,258

107,100

98,075

Interest Payments Due In 2027

Bond Redemption

0

1,825

2,100

Estimated Excess Debt Collections

Total Expenditures

$	258,258

$	284,925

$	285,175

Excess/ (Shortfall)

$	33,719

$	-

$	-

Bluewaters Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment
Before Discount*

Fiscal Year 2024/2025
Assessment
Before Discount*

Fiscal Year 2025/2026
Assessment
Before Discount*

Fiscal Year 2026/2027
Projected Assessment
Before Discount*

$
$

186.80
230.20

$
$

192.25
315.18

$
$

197.23
310.15

$
$

195.57
311.60

Administrative
Maintenance Debt

$	884.10

 $	635.89

$	635.89

 $	635.89

$

1,301.10

$

1,143.32

$

1,143.27

$

1,143.06

Total

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

 Community Information:	

Total Units
Prepayments Billed for Debt

476
1
475

IV