FY 2027 Narcoossee Community Development District Adopted Budget 1 2-5 6 7 8 9 10 11 Table of Contents General Fund Combined Capital Reserve Fund Debt Service Fund General Fund Narrative O&M Assessment Allocation Chart Amortization Schedule - Series 2013 A-2 Debt Service Assessment Allocation Chart Amortization Schedule - Series 2013 A-1 Narcoossee Community Development District Adopted Budget General Fund Adopted Actual Projected Total Adopted Budget thru Next Projected Budget FY2026 6/30/26 3 Months 9/30/26 FY2027 IBRMneeatgveiinernnetnesuintneasgn Fceu nAdss Beasslamnecne*ts $$$ 5 91 22 ,,86 5629765 $$$ 15 02 5,,,050483134 $$$ 4 2 ,7 8 -8369 $$$ 15 19 22 5,,,588467373 $$$ 5 9 3 2 ,,49 -6336 Total Revenues $ 606,089 $ 667,658 $ 43,625 $ 711,283 $ 596,399 Expenditures Administrative Supervisor Fees 6,000 $ 2,800 $ 1,500 $ 4,300 $ 6,000 $ FICA Expense 459 $ 214 $ 115 $ 329 $ 459 $ Engineering Fees 7,800 $ 1,795 $ 6,005 $ 7,800 $ 7,800 $ Assessment Roll 5,408 $ 5,408 $ - $ 5,408 $ 5,678 $ Attorney 18,000 $ 13,872 $ 4,128 $ 18,000 $ 18,000 $ Annual Audit 3,150 $ 2,850 $ - $ 2,850 $ 3,000 $ Dissemination Agent 1,434 $ 1,076 $ 359 $ 1,434 $ 1,505 $ Arbitrage 600 $ 600 $ - $ 600 $ 600 $ Trustee Fees 3,259 $ 3,136 $ - $ 3,136 $ 3,259 $ Management Fees 57,886 $ 43,414 $ 14,471 $ 57,886 $ 60,780 $ Information Technology 1,720 $ 1,290 $ 430 $ 1,720 $ 1,806 $ Website Maintenance 1,376 $ 1,032 $ 344 $ 1,376 $ 1,445 $ Telephone 25 $ - $ 6 $ 6 $ 25 $ Postage 450 $ 187 $ 113 $ 299 $ 450 $ Insurance 42,851 $ 34,860 $ - $ 34,860 $ 40,089 $ Printing & Binding 200 $ 21 $ 50 $ 71 $ 200 $ Legal Advertising 1,900 $ 922 $ 978 $ 1,900 $ 1,900 $ Other Current Charges 2,000 $ 284 $ 420 $ 704 $ 2,000 $ Office Supplies 50 $ 2 $ 13 $ 15 $ 50 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Contingency 274 $ - $ 274 $ 274 $ 274 $ Administrative Expenses 155,017 $ 113,938 $ 29,205 $ 143,143 $ 155,496 $ Maintenance Field Management 27,483 $ 20,612 $ 6,871 $ 27,483 $ 28,857 $ Landscape Maintenance 245,053 $ 178,957 $ 57,798 $ 236,755 $ 238,128 $ Irrigation Repairs 20,000 $ 3,520 $ 5,000 $ 8,520 $ 20,000 $ Lake Maintenance 18,096 $ 12,432 $ 6,216 $ 18,648 $ 19,764 $ Utilities 7,347 $ 2,853 $ 4,494 $ 7,347 $ 7,347 $ Wall Repairs/Cleaning 8,000 $ 1,310 $ 4,190 $ 5,500 $ 8,000 $ Feature Lighting 4,000 $ - $ 2,000 $ 2,000 $ 4,000 $ Solvino Streetlighting 3,485 $ 1,905 $ 710 $ 2,614 $ 3,485 $ Capri Streetlighting 4,433 $ 1,010 $ 600 $ 1,610 $ 4,433 $ Miscellaneous Common Area 12,500 $ 10,259 $ 1,250 $ 11,509 $ 12,500 $ Tree Trimming 69,000 $ - $ 69,000 $ 69,000 $ 69,000 $ Total Maintenance Expenditures 419,397 $ 232,856 $ 158,129 $ 390,985 $ 415,513 $ Other Sources/(Uses) Transfer Out to Capital Reserves 31,675 $ - $ 177,154 $ 177,154 $ 25,390 $ Total Other Sources/(Uses) 31,675 $ - $ 177,154 $ 177,154 $ 25,390 $ Total Expenditures 606,089 $ 346,794 $ 364,489 $ 711,283 $ 596,399 $ Excess Revenues/(Expenditures)* - $ 320,864 $ (320,864) $ - $ - $ * Reduced for First Quarter Operating Net Assessments $593,463 Add: Discounts & Collections 6% $37,881 Gross Assessments $631,343 1 Narcoossee Community Development District General Fu nd Budget Revenues: Maintenance Assessments a Tlhl eG eDnisetrraicl tO wpeilrla lteivnyg aa nndo nM-aadin vteanloarnecme Esxppeecinadl iatussreesss fmore nthte o fnis aclal lt yaexaarb.l e property within the District, to fund Interest Represents interest income earned on the District’s operating funds held throughout the fiscal year. Beginning Fund Balance Represents the total funds estimated to be available at the beginning of the fiscal year. EXPENDITURES: Administrative: Supervisor Fees TThhee aFmlooriudnat S itsa btuasteesd aulploowns 5 e Sauchp ebrovaisrodr ms aetmtebnedri ntog r6e cBeoiavred $ M20e0e tpinegr sm deuertiinngg tnhoet ftiosc eaxl cyeeeadr .$ 4,800 in one year. FICA Expense cRheepcrkess.e nts the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors Engineering Fees Tanhde Dprisetpraicrta’sti eonng fionre mero, nDtehwlyb Berorayr,d w mille beeti pnrgos,v rideviniegw ge innevroaicl eesn,g eitnce. ering services to the District, i.e., attendance Assessment Roll Expenses related to administering the annual assessments on the tax roll with the Orange County Tax Collector. Attorney Tarethtseeo nlDudtaiisnotcrniesc ,ta e’nst dcl. e pgraelp acorautniosnel ,f oKr imlinosnktih lVya mn eWetyinkg, sP, LreLvCi epwr oovpiedreast ingegn aenrda lm leaginatle nsearnvciec ecso nttor atchtes , Dagisrtereimct,e ni.tes.,, Annual Audit TAhcceo Duinsttirnicgt Fisir rmeq. Guriraeud & a nAnsusoaclliya tteos c pornodvuidcte as nth aius dsietr ovfi cites. financial records by an Independent Certified Public 2 Narcoossee Community Development District General Fund Budget Dissemination Agent The District is required by the Security and Exchange Commission to comply with sGweohrvivceihcrne r.me leantetsa lt oM aadndaigteiomneanl rt eSpeorrvtiicnegs r–e qCueinretrmale nFtlos rfiodra u LnL-rCa, ttehde b Doinsdtr iiscstu’se bs.o nTdh eu DnidsRetrruiwlcetr i1ht5ears(,c c)to o(n 2pt)rr-ao1cv2tie(dbde) w t(hi5ti)hs, Arbitrage aATnh-2de SDsupisbetcmriiaictlt aAis sr rseeepqsosurmitr teeond tt t hoRe ea Dvneinsnuturaielcl ytB. hoanvdes .a nT ahreb Ditirsatgreic rt ehbiareted c Garlcauul a&ti Aonss oonc itahtee sD tisot rciacltc’su lSaetrei eths e2 0r1eb3aAt-e1 l&ia b2i0li1t3y Trustee Fees TTrhues Dteies tarti cUtS i sBsaunekd. TSehrei easm 2o0u1n3t Ao-f1 th &e t2r0u1st3eAe- f2e eSsp iesc biaals eAds soens tshmee angtr eReemfuenndti bnegt wBoenends U, Sw Bhaicnhk aanred htheeld D wistitrhic ta. Management Fees TA pnrohgetre pe laeiDmrmiasietttienroditnc wt,t foiirtn, ehaac n dGecivovievaerelst rr inseMipmnaogenr,n tairtgnaeeglc m,oM arenadnnditna ,a ggs Aesamcinscedtoin unttngr S atwiennrisgtvch ir c aiaebnnsidnn – ug A aColde famn uBtirdnoaiaitls srFt.dr l a oMtriivedeea t,i snLegLrsCv,. i ca Tedshm eaisnsei sspterararvttii vcoeefs sieanr cvMluicadenesa,, gbbeuumtd aegrneett Information Technology RcMoeanpnfreaergseeenmncteisnn gct oSsseetrrsv v iircceeelsas ,t– ec dClo eutnodt r tsahtle oF rlDaogirseitd rsaiec, trL’vsLi Ccine psfro oarnvmidda tesiseo rtnvh eesrysses, t sesyemsctsue,r mwitsyh ., i cahc cionucnlutidneg bsuotf twaraer en,o ett cli.m Giotevde rtnom veindteaol Website Maintenance RwMmeiaatpnihnra eCtgesheneamnapntetscen etrth, 1Seue8 pcr9dov ,s aiFcttleseo ssar ,–s idds Cooae ccSnuitatmatrteaeudlnt Fewtl suoi. trpThilhd omeaas,od eLns Ls,i tCehor oprvsirintcoigenv sgiad in anednsc dlmtuh ddaeoeisn mest iasatieeinn rpiv nreiegcrn eftoseh r.we m aDalisns, ctwrei ecatbs’sssei wtsese mbbasecintketus cp, rssee, acetutecrd.i t Giyno a vanecdrcn ofimrrdeeawnntacalell Telephone Telephone and fax machine. Postage Metac.i ling of agenda packages, overnight deliveries, checks for vendors and any other required correspondence, Insurance ITnhseu Drainstcreic At’lsli gaenncee r(aFlI lAia)b. FilIiAty s, ppeucbilaicli zoeffsi cinia plsr loiavbidiliintgy iannsdu rparnocpee rctoyv ienrsaugrea tnoc eg ocvoevrenrmageenst iasl pargoevnicdieeds. by Florida 3 Narcoossee Community Development District General Fund Budget Printing & Binding Printing and binding agenda packages for board meetings, printing of computerized envelopes etc. checks, stationary, Legal Advertising sTmehareivn iDcteeisnst artnihcctae ti cso arnreetqr uarceirtqesu dai rnteodd aa ndtoyv eobrttehi seaerd avvdaevrrietoriusteissd inn ofgot tirch eapstu mfbolaricy m bboein drtdehqilnuyg i,rB eoid.ea.r . da umdeite tsinegrvs,i cpeusb, leicn ghienaereinrignsg, asnedrv aicney, Other Current Charges Includes bank charges and any other miscellaneous expenses that are incurred during the year. Office Supplies pTG rhoiven etDreinrs mttroeicnntte iarnl cMcuaarrsnt racighdeagmregsee,n spt f aSoper resvrui, cpefpislle i–e sCf otelhndatetrr ansl,e Febldoin rtidode abr,es L , pLpuCer pcnhrsoa, vspeidadpe dse urt hricenlsigpe stsh,e era vfniidscce asol.t yheearr ,s iuncchlu doifnfigc ec ospuiperp laiensd. Dues, Licenses & Subscriptions uTnhde eDri sthtriisc ct aiste rgeoqruyi rfeodr tthoe p Dayis atrni catn. nual fee to the Department of Commerce for $175. This is the only expense Contingency Represents any other miscellaneous charges that the District may incur. Maintenance: Field Management Tprhoev iDdies tfrieicltd cmuarnreangtelmy ehnats s ear vcoicnetsr.a ct with Governmental Management Services – Central Florida, LLC. to Landscape Maintenance Tspeehrrev yiDceeiassrt ,ri anicpctlp ucludyrienr megn fotewlryti inhligaz,se e rad, acgoninndgt p,r ablaclont wtwiniingthg a, Ynaenpluploalywlsin.s tg o pnees Lt aanndds dcaispeea stoe pcoronvtridole cLhaenmdisccaalps et oM saoidn,t emnualncchein. gT ohnecsee Vendor: Yellowstone Landscape Annual Costs § Landscape Maintenance: Contract Cost of $19,844 monthly $238,128 § Total Costs $238.128 Irrigation Repairs Irrigation maintenance expenditures that may occur during the fiscal year. 4 Narcoossee Community Development District General Fund Budget Lake Maintenance The District currently has a contract with Applied Aquatic Management, Inc., which provide twoe aeldl st haen dla aklegsa ein, shiedreb Nicaidrcinogo,s asnede aClDgDae. cTohnetsreo ls aenrvdi creems ionvcalul.d e monthly inspections and tre Laatkmee Mnta oinf taeqnuaantciec Vendor: Applied Aquatic Management, Inc. Annual Costs § Lake Maintenance: Contract Cost of $1,647 monthly $19,764 § Total Costs $19,764 Utilities tThhee D Disisttrricictt. has electrical and water accounts with Orlando Utilities Commission for the areas maintained by Vendor: Orlando Utilities Commission Annual Costs § Reclaimed Water - $594.1/month $7129.2 § Electric - $18.15/month $217.8 § Total Costs $7,347 Wall Repair/Cleaning The District will incur expenditures to maintain the wall. Includes cleaning and landscaping. Feature Lighting Replacement and repair of up light fixtures. Solvino Streetlighting T he District funds the streetlights within the Solvino community. Vendor: Orlando Utilities Commission Annual Costs § Electric - $290.42/month $3,485 Capri Streetlighting The District funds the streetlights within the Capri community. Vendor: Orlando Utilities Commission Annual Costs § Electric - $369.42/month $4,433 Miscellaneous Common Area Miscellaneous common area maintenance expenditures that may occur during the fiscal year. Tree Trimming Estimated cost for tree trimming within the District. Transfer Out – Capital Reserve Fund Represents projected excess funds above operating capital requirements in the General Fund. 5 Subdivision Track Units Annual Gross Maintenance Per Unit FY26 Adopted Gross Maintenance Per Unit FY27 Increase (Decrease) O&M LLNaaokVneian CNaroensat Preserve MiSraoCZlbvaieaipnlnlroaii KDHFCEBGGA SSSSSSCCMMFFFFFFoouu555577mmll000005ttmmii F//aOOmffffiiilccyee 16391112224045600122567706800017899004 $$$$$$$$$$ 25557788 12555557 3556699900..........00668999220055667822 $$$$$$$$$$ 25557788 12555557 3556699900..........00668999220055667822 $$$$$$$$$$ ---------- $$$$$$$$$$ 1 3 1244468892001125889,,,,,,,,,,211344788931556778994033345679 Total Gross Assessments $ 631,343 Narcoossee Community Development District Adopted Budget Maintenance Assessment Calculation 6 Adopted Actual Projected Total Adopted Budget thru Next Projected Budget FY2026 6/30/26 3 Months 9/30/26 FY2027 ICARnsaetsrveerersynes Fsmutoe eIrsnnwctasor m-d Te Sauxr Rpolulls $$$ 33 141170,,,254185241 $$$ 23 591143,,,382662793 $$$ 2 3 2 ,,22 -1054 $$$ 33 151175,,,584682476 $$$ 33 17 57 7,,,577581443 Total Revenues $ 669,247 $ 659,459 $ 25,419 $ 684,877 $ 701,051 Expenditures Series 2013A-1 IIPnnrttineerrceeipssatt l-- -15 5/1/11 $$$ 1 522088,,,099022011 $$$ 1 522088,,,099022011 $$$ --- $$$ 1 522088,,,099022011 $$$ 1 622055,,,099022011 Series 2013A-2 IIPnnrttineerrceeipssatt l-- -15 5/1/11 $$$ 116588,,,011044011 $$$ 116588,,,011044011 $$$ --- $$$ 116588,,,011044011 $$$ 117066,,,033011033 Total Expenditures $ 309,124 $ 309,124 $ - $ 309,124 $ 314,468 Excess Revenues/(Expenditures)* $ 360,123 $ 350,335 $ 25,419 $ 375,754 $ 386,583 SSeerriieess 22001133AA--12 NNoovv 11,, 22002277 $$ $ 312724,,,370624514 Add: DiscoGurnNotesss t& AA Cssssoeelsslsesmmcteieonnnttsss $$33$132077,,,258578145 * Excess Revenues will be utilized to pay November 1 semi-annual interest payment. Narcoossee Community Development District Adopted Budget Debt Service Fund 7 Narcoossee Community Development District Series 2013 A-1 Special Assessment Bonds Amortization Schedule Date Balance Principal Interest Total 11/01/26 1,255,000.00 $ - $ 25,921.25 $ 204,842.50 $ 05/01/27 1,255,000.00 $ 160,000.00 $ 25,921.25 $ 11/01/27 1,095,000.00 $ - $ 22,721.25 $ 208,642.50 $ 05/01/28 1,095,000.00 $ 165,000.00 $ 22,721.25 $ 11/01/28 930,000.00 $ - $ 19,297.50 $ 207,018.75 $ 05/01/29 930,000.00 $ 170,000.00 $ 19,297.50 $ 11/01/29 760,000.00 $ - $ 15,770.00 $ 205,067.50 $ 05/01/30 760,000.00 $ 180,000.00 $ 15,770.00 $ 11/01/30 580,000.00 $ - $ 12,035.00 $ 207,805.00 $ 05/01/31 580,000.00 $ 185,000.00 $ 12,035.00 $ 11/01/31 395,000.00 $ - $ 8,196.25 $ 205,231.25 $ 05/01/32 395,000.00 $ 195,000.00 $ 8,196.25 $ 11/01/32 200,000.00 $ - $ 4,150.00 $ 207,346.25 $ 05/01/33 200,000.00 $ 200,000.00 $ 4,150.00 $ 204,150.00 $ 1,255,000.00 $ 216,182.50 $ 1,650,103.75 $ 8 Narcoossee Community Development District Series 2013 A-2 Special Assessment Bonds Amortization Schedule Date Balance Principal Interest Total 11/01/26 580,000.00 $ - $ 16,312.50 $ 99,453.13 $ 05/01/27 580,000.00 $ 70,000.00 $ 16,312.50 $ 11/01/27 510,000.00 $ - $ 14,343.75 $ 100,656.25 $ 05/01/28 510,000.00 $ 75,000.00 $ 14,343.75 $ 11/01/28 435,000.00 $ - $ 12,234.38 $ 101,578.13 $ 05/01/29 435,000.00 $ 80,000.00 $ 12,234.38 $ 11/01/29 355,000.00 $ - $ 9,984.38 $ 102,218.75 $ 05/01/30 355,000.00 $ 85,000.00 $ 9,984.38 $ 11/01/30 270,000.00 $ - $ 7,593.75 $ 102,578.13 $ 05/01/31 270,000.00 $ 85,000.00 $ 7,593.75 $ 11/01/31 185,000.00 $ - $ 5,203.13 $ 97,796.88 $ 05/01/32 185,000.00 $ 90,000.00 $ 5,203.13 $ 11/01/32 95,000.00 $ - $ 2,671.88 $ 97,875.00 $ 05/01/33 95,000.00 $ 95,000.00 $ 2,671.88 $ 97,671.88 $ 580,000.00 $ 136,687.50 $ 799,828.13 $ 9 Narcoossee Community Development District Subdivision Track Units Annual Gross Debt Per Unit Total LLNaaokVneian CNaroensat Preserve FCEBGGAKDH SSSSSSCCMMFFFFFFoouu555577mmll000005ttmmii F//aOOmffffiiilccyee 16391112304560012577058001788004 $$$$$$$$$$ 12333345 00001468 01111167 00..........11111289221133333900 $$$$$$$$$$ 1112334455D2333445667e,,,,,,,,,,0123445789b0224557899t 0111477789 Total Gross Assessment $ 337,855 Adopted Budget Debt Assessment Calculation FY2027 Adopted 10 Adopted Actual Projected Total Adopted Budget thru Next Projected Budget FY2026 6/30/26 3 Months 9/30/26 FY2027 ICTRnraetarvenrerysne fFsuetorer sIwnard Surplus $$$ 2 2351,,56 271052 $$$ 24 4 2,,91 -9520 $$$ 177 ,1 8 -5046 $$$ 1247 47 2,,,199595246 $$$ 3 42 75 1,,,834697008 Total Revenues $ 257,207 $ 247,142 $ 177,961 $ 425,102 $ 374,728 Expenditures ZZCNMMiiooaaiirrnnnnaataiiibb nSWPeeiggrllaellenaalnsl SWRecRyireegavfpnluela rRRSibreiegsifpsnuha rRmibresiesfnuhtrmbeisnhtment $$$$$$ 112 355 2,,,,0000 --00000000 $$$$$$ 22 11 2346,,,,,,552489003449000129 $$$$$$ 556,,,015 ---156019 $$$$$$ 1122 0113 29,,,,,,005502000004000002 $$$$$$ 22 55 2,,,000 ---000000 Total Expenditures $ 55,000 $ 60,512 $ 16,730 $ 77,242 $ 52,000 Excess Revenues/(Expenditures) $ 202,207 $ 186,630 $ 161,231 $ 347,860 $ 322,728 Narcoossee Community Development District Adopted Budget Combined Capital Reserve Fund 11