Gulfstream Polo Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2017)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)

ASSESSMENT COMPARISON

PROPOSED BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M Assessments	100,548	
Debt Assessments - 2017	206,739	
Debt Assessments - 2019	628,477	
Interest Income	1,200	
		
TOTAL REVENUES	$	936,964	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	2,000	
Management	40,140	
Legal	8,500	
Assessment Roll	5,000	
Audit Fees	5,700	
Arbitrage Rebate Fee	650	
Insurance	7,000	
Legal Advertisements	2,000	
Miscellaneous	450	
Postage	275	
Office Supplies	550	
Dues & Subscriptions	175	
Trustee Fees	7,850	
Continuing Disclosure Fee	1,000	
Lake Maintenance	13,000	
Reserve	1,425	
		
TOTAL EXPENDITURES	$	95,715	
		
REVENUES LESS EXPENDITURES	$	841,249	
		
Bond Payments - 2017	(194,335)	
Bond Payments - 2019	(590,768)	
		
BALANCE	$	56,146	
		
County Appraiser & Tax Collector Fee	(18,715)	
Discounts For Early Payments	(37,431)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover Funds From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O&M Assessments	101,476	100,548	100,548	Expenditures/.94	
Debt Assessments - 2017	206,786	206,739	206,739	Bond Payments/.94	
Debt Assessments - 2019	634,834	628,477	628,477	Bond Payments/.94	
Interest Income	9,019	600	1,200	Interest Projected At $100.00 Per Month	
					
TOTAL REVENUES	$	952,115	$	936,364	$	936,964		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	50	2,000	2,000	No Change From 2024/2025 Budget	
Management	37,884	39,012	40,140	CPI Adjustment	
Legal	2,330	9,000	8,500	$500 Decrease From 2024/2025 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	5,400	5,600	5,700	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	650	650	650	For Series 2019 Bond (2017 Qualifies For Small User Exception)	
Insurance	6,280	6,800	7,000	Fiscal Year 2024/2025 Expenditure Was $6,531	
Legal Advertisements	2,107	1,800	2,000	$200 Increase From 2024/2025 Budget	
Miscellaneous	187	475	450	$25 Decrease From 2024/2025 Budget	
Postage	107	275	275	No Change From 2024/2025 Budget	
Office Supplies	183	600	550	$50 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	7,816	7,850	7,850	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Lake Maintenance	0	13,000	13,000	Lake Maintenance	
Reserve	0	1,878	1,425	Reserve	
					
TOTAL EXPENDITURES	$	69,169	$	95,115	$	95,715		
					
REVENUES LESS EXPENDITURES	$	882,946	$	841,249	$	841,249		
					
Bond Payments - 2017	(196,983)	(194,335)	(194,335)	2026 Principal & Interest Payments	
Bond Payments - 2019	(604,740)	(590,768)	(590,768)	2026 Principal & Interest Payments	
					
BALANCE	$	81,223	$	56,146	$	56,146		
					
County Appraiser & Tax Collector Fee	(5,068)	(18,715)	(18,715)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(35,716)	(37,431)	(37,431)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	40,439	$	-	$	-		
					
Carryover Funds From Prior Year	0	0	0	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	40,439	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE (SERIES 2017) FUND BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR

2023/2024

ACTUAL	

FISCAL YEAR

2024/2025

BUDGET	

FISCAL YEAR

2025/2026

BUDGET	

COMMENTS	

Interest Income	
16,001	
400	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
196,983	
194,335	
194,335	
Maximum Debt Service Collection	

Total Revenues	
$	212,984	
$	194,735	
$	195,535		

EXPENDITURES					

Principal Payments	
60,000	
65,000	
65,000	
Principal Payment Due In 2026	

Interest Payments	
123,763	
120,163	
117,563	
Interest Payments Due In 2026	

Bond Redemption	
0	
9,572	
12,972	
Estimated Excess Debt Collections	

Total Expenditures	
$	183,763	
$	194,735	
$	195,535		

Excess/ (Shortfall)	

$	29,221	

$	-	

$	-		

Series 2017 Bond Information

Original Par Amount =	$2,870,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	3.50% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	August 2017			
Maturity Date =

Par Amount As Of 1/1/25 =	November 2047

$2,510,000			

DETAILED PROPOSED DEBT SERVICE (SERIES 2019) FUND BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR

2023/2024

ACTUAL	

FISCAL YEAR

2024/2025

BUDGET	

FISCAL YEAR

2025/2026

BUDGET	

COMMENTS	

Interest Income	
38,632	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
604,740	
590,768	
590,768	
Maximum Debt Service Collection	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	643,372	
$	591,268	
$	591,968		

EXPENDITURES					

Principal Payments	
210,000	
210,000	
220,000	
Principal Payment Due In 2026	

Interest Payments	
385,488	
376,119	
368,769	
Interest Payments Due In 2026	

Transfer To Construction Fund	
15,615	
0	
0		

Bond Redemption	
0	
5,149	
3,199	
Estimated Excess Debt Collections	

Total Expenditures	
$	611,103	
$	591,268	
$	591,968		

Excess/ (Shortfall)	

$	32,269	

$	-	

$	-		

Series 2019 Bond Information

Original Par Amount =	$9,860,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	3.00% - 4.75%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	August 2019			
Maturity Date =

Par Amount As Of 1/1/25 =	November 2049

$8,875,000			

GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2021/2022	2022/2023	2023/2024	2024/2025	2025/2026
  Assessment*	 	Assessment*	 	Assessment*	 	Assessment*	 	Projected Assessment*	
Pod B
O & M For Single Family Residential (Pod B)	
$	89.15		
$	
111.35		
$	
111.35		
$	
111.35		
$	
111.35	
Debt For Single Family Residential (Pod B)	$	1,164.89		$	1,164.89		$	1,164.89		$	1,164.89		$	1,164.89	
Total For Single Family Residential (Pod B)	$	1,254.04		$	1,276.24		$	1,276.24		$	1,276.24		$	1,276.24	
O & M For Zero Lot Line Residential (Pod B)	$	89.15		$	111.35		$	111.35		$	111.35		$	111.35	
Debt For Zero Lot Line Residential (Pod B)	$	1,063.82		$	1,063.82		$	1,063.82		$	1,063.82		$	1,063.82	
Total For Zero Lot Line Residential (Pod B)	$	1,152.97		$	1,175.17		$	1,175.17		$	1,175.17		$	1,175.17	
O & M For Residential Townhomes (Pod B)	$	89.15		$	111.35		$	111.35		$	111.35		$	111.35	
Debt For Residential Townhomes (Pod B)	$	814.89		$	814.89		$	814.89		$	814.89		$	814.89	
Total For Residential Townhomes (Pod B)	$	904.04		$	926.24		$	926.24		$	926.24		$	926.24	
Pods C, D & E														
O & M For Single Family Residential (Pods C, D & E)	$	89.15		$	111.35		$	111.35		$	111.35		$	111.35	
Debt For Single Family Residential (Pods C, D & E)	$	1,159.28		$	1,159.28		$	1,159.28		$	1,159.28		$	1,159.28	
Total For Single Family Residential (Pod C, D & E)	$	1,248.43		$	1,270.63		$	1,270.63		$	1,270.63		$	1,270.63	
O & M For Zero Lot Line Residential (Pods C, D & E)	$	89.15		$	111.35		$	111.35		$	111.35		$	111.35	
Debt For Zero Lot Line Residential (Pods C, D & E)	$	1,058.70		$	1,058.70		$	1,058.70		$	1,058.70		$	1,058.70	
Total For Zero Lot Line Residential (Pods C, D & E)	$	1,147.85		$	1,170.05		$	1,170.05		$	1,170.05		$	1,170.05	
O & M For Residential Townhomes (Pods C, D & E)	$	89.15		$	111.35		$	111.35		$	111.35		$	111.35	
Debt For Residential Townhomes (Pods C, D & E)	$	810.97		$	810.97		$	810.97		$	810.97		$	810.97	
Total For Residential Townhomes (Pods C, D & E)	$	900.12		$	922.32		$	922.32		$	922.32		$	922.32	

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

 Community Information:	
Pod B Units	
Total Units		
Single Family Residential:	1	Pod B Units	227	
Zero Lot Line Residential:	86	Pod C, D & E Units	676	
Residential Townhome Units	140
Total Units	227	Total Units	903	
Pod C, D & E Units			
Single Family Residential:	56	 Pod C, D & E Townhome Information		
Zero Lot Line Residential:	273	Total Units	347	
Residential Townhome Units	347	Prepayments	1	
Total Units	676	Billed For Debt	346	

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