Sedona Point	
Community Development District	

Approved Proposed Budget	
FY 2027	

Table of Contents

1		General Fund

2-3		Narratives

4-5		Debt Service Fund Series 2023

6		Assessment Schedule

Sedona Point	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	77,005	$	70,261	$	6,744	$	77,005	$	170,161	
Developer Contributions	-	14,640	29,280	43,920	-	

TOTAL REVENUES	$	77,005	$	84,901	$	36,024	$	120,925	$	170,161	

EXPENDITURES:

Administrative						
Engineering	$	4,000	$	71	$	2,667	$	2,738	$	4,000	
Attorney	8,750	2,690	5,833	8,523	8,750	
Annual Audit	5,600	5,600	-	5,600	5,700	
Assessment Administration	2,000	2,000	-	2,000	2,000	
Arbitrage Rebate	550	-	550	550	550	
Dissemination Agent	1,717	572	1,145	1,717	1,820	
Trustee Fees	3,950	-	3,950	3,950	3,950	
Management Fees	27,478	9,159	18,319	27,478	29,127	
Information Technology	1,145	382	763	1,145	1,214	
Website Maintenance	1,145	382	763	1,145	1,214	
Postage & Delivery	421	-	280	280	200	
Insurance General Liability	6,350	5,512	-	5,512	6,063	
Printing & Binding	155	-	103	103	200	
Legal Advertising	2,500	-	1,667	1,667	2,500	
Other Current Charges	1,500	225	1,000	1,224	1,500	
Office Supplies	200	-	133	133	200	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	67,634	$	26,768	$	37,173	$	63,941	$	69,161	

Operations & Maintenance

Field Expenditures

Electric	$	-	$	10,980	$	29,280	$	40,260	$	46,000	
Drainage Maintenance	-	-	-	-	17,000	
Roadway Maintenance	-	-	-	-	28,000	
Contingency	9,371	3,660	4,686	8,346	10,000	

TOTAL FIELD EXPENDITURES	$	9,371	$	14,640	$	33,966	$	48,606	$	101,000	

TOTAL EXPENDITURES	$	77,005	$	41,408	$	71,139	$	112,547	$	170,161	

EXCESS REVENUES (EXPENDITURES)	$	-	$	43,493	$	(35,114)	$	8,378.00	$	-	

Sedona Point	
Community Development District	
Budget Narrative	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative	

Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Roll Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Arbitrage Rebate	
The District is required to have an annual arbitrage rebate calculation on the District's Bonds. The District will contract with an independent auditing firm to perform the calculations.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing
insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	

Sedona Point	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	

Expenditures – Field	

Electric - Street Lights		
The cost of electric for streetlights. The District is currently has the following account with FPL :	
Account	Address	
3000324352	Cedar Point Estate	

Drainage Maintenance	
Represents any expenditures related to drainage within the CDD.	

Roadway Maintenance	
The District will contract a company for the repair of the streets within the district.	
Contingency	
Represents any unbudgeted expense.	

Sedona Point	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2023 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - Tax Roll	$	453,749	$	411,074	$	42,675	$	453,749	$	453,749	
Interest Income	7,500	5,353	5,000	10,353	8,000	
Carry Forward Surplus (1)	182,311	182,508	-	182,508	188,282	

TOTAL REVENUES	$	643,560	$	598,935	$	47,675	$	646,610	$	650,032	

EXPENDITURES:

Interest - 12/15	$	167,781	$	167,781	$	-	$	167,781	$	165,306	
Principal - 06/15	120,000	-	120,000	120,000	125,000	
Interest - 06/15	167,781	-	167,781	167,781	165,306	

TOTAL EXPENDITURES	$	455,563	$	167,781	$	287,781	$	455,563	$	455,613	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(2,765)	$	-	$	(2,765)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(2,765)	$	-	$	(2,765)	$	-	

TOTAL EXPENDITURES	$	455,563	$	170,546	$	287,781	$	458,328	$	455,613	

EXCESS REVENUES (EXPENDITURES)	$	187,998	$	428,389	$	(240,106)	$	188,282	$	194,419	

Interest Due 12/15/27	 $	162,728 	
	 $	162,728 	

(1) Carry Forward is Net of Reserve Requirement

Sedona Point	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2023 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

06/15/26	6,825,000	4.125%	120,000	167,781.25		
12/15/26	6,705,000	4.125%	-	165,306.25	453,087.50	
06/15/27	6,705,000	4.125%	125,000	165,306.25		
12/15/27	6,580,000	4.125%	-	162,728.13	453,034.38	
06/15/28	6,580,000	4.125%	130,000	162,728.13		
12/15/28	6,450,000	4.125%	-	160,046.88	452,775.00	
06/15/29	6,450,000	4.125%	135,000	160,046.88		
12/15/29	6,315,000	4.125%	-	157,262.50	452,309.38	
06/15/30	6,315,000	4.125%	140,000	157,262.50		
12/15/30	6,175,000	5.000%	-	154,375.00	451,637.50	
06/15/31	6,175,000	5.000%	145,000	154,375.00		
12/15/31	6,030,000	5.000%	-	150,750.00	450,125.00	
06/15/32	6,030,000	5.000%	155,000	150,750.00		
12/15/32	5,875,000	5.000%	-	146,875.00	452,625.00	
06/15/33	5,875,000	5.000%	160,000	146,875.00		
12/15/33	5,715,000	5.000%	-	142,875.00	449,750.00	
06/15/34	5,715,000	5.000%	170,000	142,875.00		
12/15/34	5,545,000	5.000%	-	138,625.00	451,500.00	
06/15/35	5,545,000	5.000%	180,000	138,625.00		
12/15/35	5,365,000	5.000%	-	134,125.00	452,750.00	
06/15/36	5,365,000	5.000%	190,000	134,125.00		
12/15/36	5,175,000	5.000%	-	129,375.00	453,500.00	
06/15/37	5,175,000	5.000%	200,000	129,375.00		
12/15/37	4,975,000	5.000%	-	124,375.00	453,750.00	
06/15/38	4,975,000	5.000%	210,000	124,375.00		
12/15/38	4,765,000	5.000%	-	119,125.00	453,500.00	
06/15/39	4,765,000	5.000%	220,000	119,125.00		
12/15/39	4,545,000	5.000%	-	113,625.00	452,750.00	
06/15/40	4,545,000	5.000%	230,000	113,625.00		
12/15/40	4,315,000	5.000%	-	107,875.00	451,500.00	
06/15/41	4,315,000	5.000%	240,000	107,875.00		
12/15/41	4,075,000	5.000%	-	101,875.00	449,750.00	
06/15/42	4,075,000	5.000%	255,000	101,875.00		
12/15/42	3,820,000	5.000%	-	95,500.00	452,375.00	
06/15/43	3,820,000	5.000%	265,000	95,500.00		
12/15/43	3,555,000	5.000%	-	88,875.00	449,375.00	
06/15/44	3,555,000	5.000%	280,000	88,875.00		
12/15/44	3,275,000	5.000%	-	81,875.00	450,750.00	
06/15/45	3,275,000	5.000%	295,000	81,875.00		
12/15/45	2,980,000	5.000%	-	74,500.00	451,375.00	
06/15/46	2,980,000	5.000%	310,000	74,500.00		
12/15/46	2,670,000	5.000%	-	66,750.00	451,250.00	
06/15/47	2,670,000	5.000%	325,000	66,750.00		
12/15/47	2,345,000	5.000%	-	58,625.00	450,375.00	
06/15/48	2,345,000	5.000%	345,000	58,625.00		
12/15/48	2,000,000	5.000%	-	50,000.00	453,625.00	
06/15/49	2,000,000	5.000%	360,000	50,000.00		
12/15/49	1,640,000	5.000%	-	41,000.00	451,000.00	
06/15/50	1,640,000	5.000%	380,000	41,000.00		
12/15/50	1,260,000	5.000%	-	31,500.00	452,500.00	
05/15/51	1,260,000	5.000%	400,000	31,500.00		
12/15/51	860,000	5.000%	-	21,500.00	453,000.00	
06/15/52	860,000	5.000%	420,000	21,500.00		
12/15/52	440,000	5.000%	-	11,000.00	452,500.00	
06/15/53	440,000	5.000%	440,000	11,000.00	451,000.00	

Total	$	6,825,000	$ 5,828,468.75	$ 12,653,468.75	

Sedona Point	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds Units
2023	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

Single Family - 75'	

15	

15	

$519.18	

$234.95	

$284.23	

$1,744.36	

$1,744.36	

$0.00	

$2,263.54	

$1,979.31	

$284.23	
Single Family - 50'	30	30	$519.18	$234.95	$284.23	$1,693.55	$1,693.55	$0.00	$2,212.73	$1,928.50	$284.23	
Townhomes	93	93	$519.18	$234.95	$284.23	$1,405.64	$1,405.64	$0.00	$1,924.82	$1,640.59	$284.23	
Villa	207	207	$519.18	$234.95	$284.23	$1,304.03	$1,304.03	$0.00	$1,823.21	$1,538.98	$284.23	
Total	345	345										

Page 6