Elevation Pointe
Community Development District

Adopted Budget
FY2026

Table of Contents

1-2

3-6

7

	General Fund

	General Fund Narrative

	Debt Service

8-9		Amortization Schedule

	Amended Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	7/31/25	2 Months	9/30/25	FY2026	

Revenues						
Assessments - Direct	$	133,816	$	38,317	$	95,499	$	133,816	$	293,459	
Developer Contributions	$	209,770	$	1,426	$	-	$	1,426	$	50,127	
Boundary Amendment Contribution	$	-	$	13,846	$	-	$	13,846	$	-	
Total Revenues	$	343,586	$	53,589	$	95,499	$	149,088	$	343,586	

Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	-	
$	-	
$	-	
$	12,000	
FICA Expense	$	918	$	-	$	-	$	-	$	918	
Engineering Fees	$	12,000	$	-	$	6,000	$	6,000	$	12,000	
Attorney Fees	$	25,000	$	5,231	$	2,500	$	7,731	$	25,000	
Annual Audit	$	5,250	$	5,300	$	-	$	5,300	$	5,300	
Assessment Administration	$	5,000	$	-	$	5,000	$	5,000	$	5,150	
Arbitrage	$	450	$	450	$	-	$	450	$	450	
Dissemination Fees	$	5,250	$	4,375	$	876	$	5,251	$	5,408	
Trustee Fees	$	5,000	$	4,041	$	959	$	5,000	$	5,000	
Management Fees	$	42,500	$	35,417	$	7,084	$	42,501	$	43,775	
Information Technology	$	1,392	$	1,653	$	330	$	1,983	$	1,434	
Website Maintenance	$	975	$	1,158	$	232	$	1,390	$	1,004	
Telephone	$	100	$	-	$	50	$	50	$	100	
Postage & Delivery	$	1,000	$	67	$	65	$	132	$	1,000	
Printing & Binding	$	1,000	$	48	$	48	$	96	$	1,000	
Insurance	$	6,181	$	5,814	$	-	$	5,814	$	6,490	
Legal Advertising	$	8,000	$	266	$	2,500	$	2,766	$	8,000	
Other Current Charges	$	1,000	$	464	$	144	$	608	$	1,000	
Office Supplies	$	625	$	1	$	50	$	51	$	625	
Boundary Amendment	$	-	$	10,151	$	-	$	10,151	$	-	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	133,816	$	74,611	$	25,838	$	100,449	$	135,829	
Operations & Maintenance Field Expenses Property Insurance	

$	5,000	

$	-	

$	-	

$	-	

$	5,000	
Field Management	$	15,750	$	-	$	-	$	-	$	15,750	
Landscape Maintenance	$	75,000	$	-	$	-	$	-	$	75,000	
Landscape Replacement	$	2,500	$	-	$	-	$	-	$	2,500	
Lake Maintenance	$	12,000	$	-	$	-	$	-	$	12,000	
Wetland Mitigation/Maintenance	$	6,000	$	-	$	-	$	-	$	6,000	
Streetlights	$	9,000	$	-	$	-	$	-	$	9,000	
Electric	$	2,500	$	-	$	-	$	-	$	2,500	
Water & Sewer	$	2,400	$	-	$	-	$	-	$	2,400	
Sidewalk & Asphalt Maintenance	$	500	$	-	$	-	$	-	$	500	
Irrigation Repairs	$	2,500	$	-	$	-	$	-	$	2,500	
General Repairs & Maintenance	$	5,000	$	-	$	-	$	-	$	5,000	
Contingency	$	7,500	$	-	$	-	$	-	$	5,487	
Subtotal Field Expenses	$	145,650	$	-	$	-	$	-	$	143,637	

Amended Budget
Description	FY2025	Actuals Thru 7/31/25	Projected Next
2 Months	Total Thru 9/30/25	Adopted Budget FY2026	
Amenity Expenditures						
Amenity - Electric	$	7,500	$	-	$	-	$	-	$	7,500	
Amenity - Water	$	1,500	$	-	$	-	$	-	$	1,500	
Internet	$	900	$	-	$	-	$	-	$	900	
Pest Control	$	720	$	-	$	-	$	-	$	720	
Janitorial Services	$	5,000	$	-	$	-	$	-	$	5,000	
Security Services	$	5,000	$	-	$	-	$	-	$	5,000	
Pool Mainteance	$	10,000	$	-	$	-	$	-	$	10,000	
Amenity Repairs & Maintenance	$	1,000	$	-	$	-	$	-	$	1,000	
Contingency	$	7,500	$	-	$	-	$	-	$	7,500	
Subtotal Amenity Expenditures	$	39,120	$	-	$	-	$	-	$	39,120	

Total Operations & Maintenance	$	184,770	$	-	$	-	$	-	$	182,757	

Other Expenditures						
Capital Reserves - Amenity	$	10,000	$	-	$	-	$	-	$	10,000	
Capital Reserves - Roadways	$	15,000	$	-	$	-	$	-	$	15,000	
Total Other Expenditures	$	25,000	$	-	$	-	$	-	$	25,000	

Total Expenditures	$	343,586	$	74,611	$	25,838	$	100,449	$	343,586	
						
Excess Revenues/(Expenditures)	$	(0)	$	(21,022)	$	69,661	$	48,639	$	0	
	
Net Assessments	
$	343,586	
	Add: Discounts & Collections 6%	$	21,931	
	Gross Assessments	$	365,517	

Product	
Assessable Units	

ERU	

Total ERU's	

Net Assessment	

Net Per Unit (6%)	

Gross Per Unit	
Townhome	420	1.00	420.00	$	293,459	$	698.71	$	743.31	
Total	420		420.00	$	293,459			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from the Board of Supervisor checks.

Engineering Fees

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney Fees

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

Dissemination Fees

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon Series 2022 bond issuance.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175.

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Lake Maintenance

Represents the estimated maintenance of the lake within the common areas of the District.

Wetland Mitigation/Maintenance

Represents the estimated maintenance of the wetland mitigation of the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities. Janitorial Services
Represents costs to provide janitorial services and supplies for the District’s amenity facilities. Security Services
Represents the cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures

Capital Reserves

Funds transfer out to Capital Projects fund for repairs and replacement of District-owned capital assets.

Community Development District Adopted Budget
Debt Service Fund Series 2022

		Adopted
Budget	Actuals
Thru	Projected
Next	Projected
Thru	Adopted
Budget	
	Description	FY2025	7/31/25	2 Months	9/30/25	FY2026	

Revenues							

Special Assessments A-1	
$	274,920	
$	178,698	
$	96,222	
$	274,920	
$	274,920	
Special Assessments A-2	$	259,820	$	129,910	$	129,910	$	259,820	$	259,820	
Interest Income	$	10,000	$	22,607	$	11,304	$	33,911	$	15,000	
Carry Forward Surplus *	$	277,341	$	277,395	$	-	$	277,395	$	313,776	
Total Revenues	$	822,081	$	608,610	$	237,436	$	846,046	$	863,516	

Expenses						
Series 2022A-1						
Interest - 11/1	$	96,225	$	96,225	$	-	$	96,225	$	94,665	
Principal - 5/1	$	80,000	$	80,000	$	-	$	80,000	$	85,000	
Interest - 5/1	$	96,225	$	96,225	$	-	$	96,225	$	94,665	
Series 2022A-2						
Interest - 11/1	$	129,910	$	129,910	$	-	$	129,910	$	129,910	
Interest - 5/1	$	129,910	$	129,910	$	-	$	129,910	$	129,910	
Total Expenditures	$	532,270	$	532,270	$	-	$	532,270	$	534,150	
						
Excess Revenues/(Expenditures)	$	289,811	$	76,340	$	237,436	$	313,776	$	329,366	

*Carry forward less amount in Reserve funds.						
				Series 2022 A-1 Principal - 11/1	
$93,008	
				Series 2022 A-2		
				Principal - 11/1	$129,910	
				Total	$222,918	

Series 2022-A1						

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit		
Townhome	420	$	274,920	$	654.57	$	696.35		
Commercial	130	$	-	$	-	$	-		
	550	$	274,920				

Series 2022-A2						

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit		
Townhome	420	$	259,820	$	618.62	$	658.11		
Commercial	130	$	-	$	-	$	-		
	550	$	259,820				

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/01/22	
$	
4,490,000.00	$	
-	$	
102,004.38  $	
102,004.38	
05/01/23	$	4,490,000.00	$	75,000.00	$	99,247.50  $	-	
11/01/23	$	4,415,000.00	$	-	$	97,785.00  $	272,032.50	
05/01/24	$	4,415,000.00	$	80,000.00	$	97,785.00  $	-	
11/01/24	$	4,335,000.00	$	-	$	96,225.00  $	274,010.00	
05/01/25	$	4,335,000.00	$	80,000.00	$	96,225.00  $	-	
11/01/25	$	4,080,000.00	$	-	$	94,665.00  $	270,890.00	
05/01/26	$	4,080,000.00	$	85,000.00	$	94,665.00  $	-	
11/01/26	$	4,080,000.00	$	-	$	93,007.50  $	272,672.50	
05/01/27	$	4,080,000.00	$	90,000.00	$	93,007.50  $	-	
11/01/27	$	4,080,000.00	$	-	$	91,252.50  $	274,260.00	
05/01/28	$	4,080,000.00	$	90,000.00	$	91,252.50  $	-	
11/01/28	$	3,990,000.00	$	-	$	89,396.25  $	270,648.75	
05/01/29	$	3,990,000.00	$	95,000.00	$	89,396.25  $	-	
11/01/29	$	3,895,000.00	$	-	$	87,436.88  $	271,833.13	
05/01/30	$	3,895,000.00	$	100,000.00	$	87,436.88  $	-	
11/01/30	$	3,580,000.00	$	-	$	85,374.38  $	272,811.25	
05/01/31	$	3,580,000.00	$	105,000.00	$	85,374.38  $	-	
11/01/31	$	3,580,000.00	$	-	$	83,208.75  $	273,583.13	
05/01/32	$	3,580,000.00	$	110,000.00	$	83,208.75  $	-	
11/01/32	$	3,580,000.00	$	-	$	80,940.00  $	274,148.75	
05/01/33	$	3,580,000.00	$	115,000.00	$	80,940.00  $	-	
11/01/33	$	3,465,000.00	$	-	$	78,410.00  $	274,350.00	
05/01/34	$	3,465,000.00	$	120,000.00	$	78,410.00  $	-	
11/01/34	$	3,345,000.00	$	-	$	75,770.00  $	274,180.00	
05/01/35	$	3,345,000.00	$	125,000.00	$	75,770.00  $	-	
11/01/35	$	3,220,000.00	$	-	$	73,020.00  $	273,790.00	
05/01/36	$	3,220,000.00	$	130,000.00	$	73,020.00  $	-	
11/01/36	$	3,090,000.00	$	-	$	70,160.00  $	273,180.00	
05/01/37	$	3,090,000.00	$	135,000.00	$	70,160.00  $	-	
11/01/37	$	2,955,000.00	$	-	$	67,190.00  $	272,350.00	
05/01/38	$	2,955,000.00	$	140,000.00	$	67,190.00  $	-	
11/01/38	$	2,815,000.00	$	-	$	64,110.00  $	271,300.00	
05/01/39	$	2,815,000.00	$	150,000.00	$	64,110.00  $	-	
11/01/39	$	2,665,000.00	$	-	$	60,810.00  $	274,920.00	
05/01/40	$	2,665,000.00	$	155,000.00	$	60,810.00  $	-	
11/01/40	$	2,180,000.00	$	-	$	57,400.00  $	273,210.00	
05/01/41	$	2,180,000.00	$	160,000.00	$	57,400.00  $	-	
11/01/41	$	2,180,000.00	$	-	$	53,880.00  $	271,280.00	
05/01/42	$	2,180,000.00	$	170,000.00	$	53,880.00  $	-	
11/01/42	$	2,180,000.00	$	-	$	50,140.00  $	274,020.00	
05/01/43	$	2,180,000.00	$	175,000.00	$	50,140.00  $	-	
11/01/43	$	2,005,000.00	$	-	$	46,115.00  $	271,255.00	
05/01/44	$	2,005,000.00	$	185,000.00	$	46,115.00  $	-	
11/01/44	$	1,820,000.00	$	-	$	41,860.00  $	272,975.00	
05/01/45	$	1,820,000.00	$	195,000.00	$	41,860.00  $	-	
11/01/45	$	1,625,000.00	$	-	$	37,375.00  $	274,235.00	
05/01/46	$	1,625,000.00	$	200,000.00	$	37,375.00  $	-	
11/01/46	$	1,425,000.00	$	-	$	32,775.00  $	270,150.00	
05/01/47	$	1,425,000.00	$	210,000.00	$	32,775.00  $	-	
11/01/47	$	1,215,000.00	$	-	$	27,945.00  $	270,720.00	
05/01/48	$	1,215,000.00	$	220,000.00	$	27,945.00  $	-	
11/01/48	$	995,000.00	$	-	$	22,885.00  $	270,830.00	
05/01/49	$	995,000.00	$	230,000.00	$	22,885.00  $	-	
11/01/49	$	765,000.00	$	-	$	17,595.00  $	270,480.00	
05/01/50	$	765,000.00	$	245,000.00	$	17,595.00  $	-	
11/01/50	$	520,000.00	$	-	$	11,960.00  $	274,555.00	
05/01/51	$	520,000.00	$	255,000.00	$	11,960.00  $	-	
11/01/51	$	265,000.00	$	-	$	6,095.00  $	273,055.00	
05/01/52	$	265,000.00	$	265,000.00	$	6,095.00  $	271,095.00	
		$	4,490,000.00  $	3,790,824.38  $	8,280,824.38	

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	

11/01/22	
$	
5,905,000.00	
$	
-	
$	
133,518.61	
$	
133,518.61	
05/01/23	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/23	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/24	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/24	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/25	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/25	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/26	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/26	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/27	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/27	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/28	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/28	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/29	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/29	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/30	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/30	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/31	$	5,905,000.00	$	-	$	129,910.00	$	-	
11/01/31	$	5,905,000.00	$	-	$	129,910.00	$	259,820.00	
05/01/32	$	5,905,000.00	$	5,905,000.00	$	129,910.00	$	6,034,910.00	
			$	5,905,000.00	$	2,601,808.61	$	8,506,808.61