Quail Roost	
Community Development District	

Proposed Budget	
FY 2026	

Table of Contents

1		General Fund	

2-3	
	Narratives	

4	
	Debt Service Fund Series 2018	

5	
	Series 2018 Amortization Schedule	

6	
	Debt Service Fund Series 2021	

7	
	Series 2021 Amortization Schedule	

8	
	Assessment Schedule Option A	

9	
	Assessment Schedule Option B	

Quail Roost	
Community Development District	
Proposed Budget	
General Fund	
	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	149,000	$	142,590	$	6,410	$	149,000	$	149,000	
Interest Income	-	156	933	1,089	1,000	
Developer Contributions	30,150	13,118	18,932	32,050	36,741	

TOTAL REVENUES	$179,150	$155,864	$26,275	$182,139	$186,741	

EXPENDITURES:

Administrative						
Engineering	$	3,500	$	160	$	1,750	$	1,910	$	3,500	
Attorney	12,000	6,783	9,497	16,280	15,000	
Annual Audit	5,700	-	5,700	5,700	5,000	
Assessment Administration	5,000	5,000	-	5,000	5,000	
Arbitrage Rebate	1,100	550	550	1,100	1,100	
Dissemination Agent	3,210	1,605	1,605	3,210	3,210	
Trustee Fees	8,100	8,081	-	8,081	8,870	
Management Fees	27,720	13,860	13,860	27,720	29,660	
Website Maintenance	1,200	600	600	1,200	1,200	
Postage & Delivery	200	432	432	863	500	
Insurance General Liability	7,011	6,477	-	6,477	7,011	
Printing & Binding	100	17	50	67	100	
Legal Advertising	1,200	1,225	1,000	2,225	2,000	
Other Current Charges	300	138	150	288	300	
Office Supplies	50	3	25	28	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$76,566	$45,105	$35,218	$80,323	$82,676	

Operations & Maintenance
Field Expenditures

Landscape Maintenance	$	46,800	$	23,400	$	23,400	$	46,800	$	46,800	
Landscape Maintenance -Galiano	19,200	9,600	9,600	19,200	19,200	
Electric	27,000	12,385	12,600	24,985	27,000	
Field Management	6,420	3,210	3,210	6,420	6,869	
Contingencies	1,468	-	734	734	2,500	
Wall Maintenance	1,696	-	848	848	1,696	
Capital Outlay	-	2,828	-	2,828	-	

TOTAL FIELD EXPENDITURES	$102,584	$51,424	$50,392	$101,815	$104,065	

TOTAL EXPENDITURES	$179,150	$96,529	$85,610	$182,139	$186,741	

EXCESS REVENUES (EXPENDITURES)	$(0)	$59,335	$(59,335)	$0	$(0)	

Quail Roost	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

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.	
Developer Contributions	
It is presently anticipated that the District will enter into a Funding Agreement with the Developer to Fund a portion of the General
Fund expenditures for the Fiscal Year.	
	
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.	
Arbitrage	
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.	
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.	
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.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	

Quail Roost	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	
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.	
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.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	
Expenditures – Field	

Landscape Maintenance	
The District has a contract with Tony Nursery and Garden Company for the maintenance of the Common Areas within the district. Which includes grass cutting and edging.	
Landscape Maintenance -Galiano	
The District has a contract with Tony Nursery and Garden Company for the maintenance of the Common Areas within the expansion area. Which includes grass cutting and edging.	
Electric	
FPL provides electricity for Common Area Lighting.	
Contingencies	
Represents any expenditures not mentioned above during the Fiscal Year.	
Wall Maintenance	
Represents any expenditures not mentioned above during the Fiscal Year.	
Field Management	
The District has a contract Governmental Management Services, South Florida, LLC for on-site management. The responsibilities
include reviewing contracts and other maintenance related items.	

Quail Roost	
Community Development District	
Proposed Budget	
Debt Service Series 2018 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	134,613	$	125,135	$	9,477	$	134,613	$	134,613	
Interest Earnings	5,000	3,042	3,042	6,084	5,000	
Carry Forward Surplus (1)	96,705	96,647	-	96,647	103,702	

TOTAL REVENUES	$236,317	$224,824	$12,519	$237,343	$243,315	

EXPENDITURES:

Interest - 12/15	$	45,737	$	45,737	$	-	$	45,737	$	44,904	
Principal - 12/15	43,000	43,000	-	43,000	44,000	
Interest - 06/15	44,904	-	44,904	44,904	43,969	

TOTAL EXPENDITURES	$133,641	$88,737	$44,904	$133,641	$132,873	

TOTAL EXPENDITURES	$133,641	$88,737	$44,904	$133,641	$132,873	

EXCESS REVENUES (EXPENDITURES)	$102,677	$136,087	$(32,385)	$103,702	$110,443	

Interest Due 12/15/26	$43,968.75	
Principal Due 12/15/26	$46,000.00	
	$89,968.75	

(1) Carry Forward is Net of Reserve Requirement

Quail Roost	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2018 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/25	1,862,000	4.250%	44,000	44,904	133,807.50	
06/15/26	1,818,000	4.250%	-	43,969		
12/15/26	1,818,000	4.250%	46,000	43,969	133,937.50	
06/15/27	1,772,000	4.250%	-	42,991		
12/15/27	1,772,000	4.250%	48,000	42,991	133,982.50	
06/15/28	1,724,000	4.250%	-	41,971		
12/15/28	1,724,000	4.250%	50,000	41,971	133,942.50	
06/15/29	1,674,000	4.250%	-	40,909		
12/15/29	1,674,000	4.250%	52,000	40,909	133,817.50	
06/15/30	1,622,000	4.750%	-	39,804		
12/15/30	1,622,000	4.750%	55,000	39,804	134,607.50	
06/15/31	1,567,000	4.750%	-	38,498		
12/15/31	1,567,000	4.750%	57,000	38,498	133,995.00	
06/15/32	1,510,000	4.750%	-	37,144		
12/15/32	1,510,000	4.750%	60,000	37,144	134,287.50	
06/15/33	1,450,000	4.750%	-	35,719		
12/15/33	1,450,000	4.750%	63,000	35,719	134,437.50	
06/15/34	1,387,000	4.750%	-	34,223		
12/15/34	1,387,000	4.750%	66,000	34,223	134,445.00	
06/15/35	1,321,000	4.750%	-	32,655		
12/15/35	1,321,000	4.750%	69,000	32,655	134,310.00	
06/15/36	1,252,000	4.750%	-	31,016		
12/15/36	1,252,000	4.750%	72,000	31,016	134,032.50	
06/15/37	1,180,000	4.750%	-	29,306		
12/15/37	1,180,000	4.750%	76,000	29,306	134,612.50	
06/15/38	1,104,000	4.750%	-	27,501		
12/15/38	1,104,000	4.750%	79,000	27,501	134,002.50	
06/15/39	1,025,000	5.000%	-	25,625		
12/15/39	1,025,000	5.000%	80,000	25,625	131,250.00	
06/15/40	945,000	5.000%	-	23,625		
12/15/40	945,000	5.000%	85,000	23,625	132,250.00	
06/15/41	860,000	5.000%	-	21,500		
12/15/41	860,000	5.000%	90,000	21,500	133,000.00	
06/15/42	770,000	5.000%	-	19,250		
12/15/42	770,000	5.000%	95,000	19,250	133,500.00	
06/15/43	675,000	5.000%	-	16,875		
12/15/43	675,000	5.000%	100,000	16,875	133,750.00	
06/15/44	575,000	5.000%	-	14,375		
12/15/44	575,000	5.000%	105,000	14,375	133,750.00	
06/15/45	470,000	5.000%	-	11,750		
12/15/45	470,000	5.000%	110,000	11,750	133,500.00	
06/15/46	360,000	5.000%	-	9,000		
12/15/46	360,000	5.000%	115,000	9,000	133,000.00	
06/15/47	245,000	5.000%	-	6,125		
12/15/47	245,000	5.000%	120,000	6,125	132,250.00	
06/15/48	125,000	5.000%	-	3,125		
12/15/48	125,000	5.000%	125,000	3,125	131,250.00	
Total			$1,862,000	$1,298,814	$3,205,718	

Quail Roost	
Community Development District	
Proposed Budget	
Debt Service Series 2021 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$309,050	$302,860	$-	$302,860	$309,050	
Interest Earnings	10,000	8,287	8,287	16,575	10,000	
Carry Forward Surplus (1)	267,654	265,237	-	265,237	288,247	

TOTAL REVENUES	$586,704	$576,384	$8,287	$584,672	$607,297	

EXPENDITURES:

Interest - 12/15	$88,871	$88,258	$-	$88,258	$86,938	
Principal - 12/15	120,000	120,000	-	120,000	125,000	
Interest - 06/15	87,551		87,551	87,551	85,563	

TOTAL EXPENDITURES	$296,421	$208,258	$87,551	$295,809	$297,501	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$(616)	-	(616)	$-	

TOTAL OTHER SOURCES/(USES)	$-	$(616)	$-	$(616)	$-	

TOTAL EXPENDITURES	$296,421	$208,874	$87,551	$296,425	$297,501	

EXCESS REVENUES (EXPENDITURES)	$290,283	$367,510	$(79,263)	$288,247	$309,796	

Interest Due 12/15/26	$85,563.13	
Principal Due 12/15/26	$125,000.00	
	$210,563.13	

(1) Carry Forward is Net of Reserve Requirement

Quail Roost	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/2025	5,090,000	2.200%	125,000	86,938	298,876.25	
6/15/2026	4,965,000	2.200%	-	85,563		
12/15/2026	4,965,000	2.200%	125,000	85,563	296,126.25	
6/15/2027	4,840,000	2.200%	-	84,188		
12/15/2027	4,840,000	2.700%	130,000	84,188	298,376.25	
6/15/2028	4,710,000	2.700%	-	82,433		
12/15/2028	4,710,000	2.700%	135,000	82,433	299,866.25	
6/15/2029	4,575,000	2.700%	-	80,611		
12/15/2029	4,575,000	2.700%	135,000	80,611	296,221.25	
6/15/2030	4,440,000	2.700%	-	78,788		
12/15/2030	4,440,000	2.700%	140,000	78,788	297,576.25	
6/15/2031	4,300,000	2.700%	-	76,898		
12/15/2031	4,300,000	2.700%	145,000	76,898	298,796.25	
6/15/2032	4,155,000	2.700%	-	74,941		
12/15/2032	4,155,000	3.125%	150,000	74,941	299,881.25	
6/15/2033	4,005,000	3.125%	-	72,597		
12/15/2033	4,005,000	3.125%	155,000	72,597	300,193.75	
6/15/2034	3,850,000	3.125%	-	70,175		
12/15/2034	3,850,000	3.125%	155,000	70,175	295,350.00	
6/15/2035	3,695,000	3.125%	-	67,753		
12/15/2035	3,695,000	3.125%	160,000	67,753	295,506.25	
6/15/2036	3,535,000	3.125%	-	65,253		
12/15/2036	3,535,000	3.125%	165,000	65,253	295,506.25	
6/15/2037	3,370,000	3.125%	-	62,675		
12/15/2037	3,370,000	3.125%	170,000	62,675	295,350.00	
6/15/2038	3,200,000	3.125%	-	60,019		
12/15/2038	3,200,000	3.125%	180,000	60,019	300,037.50	
6/15/2039	3,020,000	3.125%	-	57,206		
12/15/2039	3,020,000	3.125%	185,000	57,206	299,412.50	
6/15/2040	2,835,000	3.125%	-	54,316		
12/15/2040	2,835,000	3.125%	190,000	54,316	298,631.25	
6/15/2041	2,645,000	3.125%	-	51,347		
12/15/2041	2,645,000	3.125%	195,000	51,347	297,693.75	
6/15/2042	2,450,000	3.125%	-	48,300		
12/15/2042	2,450,000	4.000%	200,000	48,300	296,600.00	
6/15/2043	2,250,000	4.000%	-	44,300		
12/15/2043	2,250,000	4.000%	210,000	44,300	298,600.00	
6/15/2044	2,040,000	4.000%	-	40,100		
12/15/2044	2,040,000	4.000%	220,000	40,100	300,200.00	
6/15/2045	1,820,000	4.000%	-	35,700		
12/15/2045	1,820,000	4.000%	225,000	35,700	296,400.00	
6/15/2046	1,595,000	4.000%	-	31,200		
12/15/2046	1,595,000	4.000%	235,000	31,200	297,400.00	
6/15/2047	1,360,000	4.000%	-	26,500		
12/15/2047	1,360,000	4.000%	245,000	26,500	298,000.00	
6/15/2048	1,115,000	4.000%	-	21,600		
12/15/2048	1,115,000	4.000%	255,000	21,600	298,200.00	
6/15/2049	860,000	4.000%	-	16,500		
12/15/2049	860,000	4.000%	265,000	16,500	298,000.00	
6/15/2050	595,000	4.000%	-	11,200		
12/15/2050	595,000	4.000%	275,000	11,200	297,400.00	
6/15/2051	320,000	4.000%	-	5,700		
12/15/2051	320,000	4.000%	285,000	5,700	296,400.00	

Total	$5,055,000	$2,898,663	$8,040,601	

Quail Roost	
Community Development District	
Non-Ad Valorem Assessments Comparison	

Product Type	O&M Units	Bonds
Units 2018	Bonds Units
2021	Annual Maintenance Assessments	Annual Debt Assessments	Total Assessed Per Unit	
		Series 2018	Series 2021			
	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	

Single Family (Galiano)	

85	

85	

0	

$842.11	

$842.11	

$0.00	

$1,667.03	

$1,667.03	

$0.00	

$0.00	

$0.00	

$2,509.14	

$2,509.14	

$0.00	
Single Family 100'	100	0	99	$473.68	$473.68	$0.00	$	-	$	-	$2,052.63	$2,052.63	$0.00	$2,526.31	$2,526.31	$0.00	
Single Family 50'	80	0	80	$473.68	$473.68	$0.00	$	-	$	-	$1,526.32	$1,526.32	$0.00	$2,000.00	$2,000.00	$0.00	
Total	265	179												

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