Gulfstream Polo Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2017)

IV

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2019)

V

ASSESSMENT COMPARISON

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

I

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

II

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

Series 2017 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$2,870,000 3.50% - 5.00%
August 2017
November 2047

Annual Principal Payments Due =
Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/25 =

$2,510,000

III

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

$	-

$	-

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

Series 2019 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$9,860,000 3.00% - 4.75%
August 2019
November 2049

Annual Principal Payments Due =
Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/25 =

$8,875,000

IV

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

$	-

$	-

GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2021/2022
  Assessment*	

Fiscal Year 2022/2023
	Assessment*	

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Projected Assessment*	

Pod B
O & M For Single Family Residential (Pod B) Debt For Single Family Residential (Pod B)
Total For Single Family Residential (Pod B)

$
$

89.15
1,164.89

$
$

111.35
1,164.89

$
$

111.35
1,164.89

$
$

111.35
1,164.89

$
$

111.35
1,164.89

$

1,254.04

$

1,276.24

$

1,276.24

$

1,276.24

$

1,276.24

O & M For Zero Lot Line Residential (Pod B) Debt For Zero Lot Line Residential (Pod B)
Total For Zero Lot Line Residential (Pod B)

$
$

89.15
1,063.82

$
$

111.35
1,063.82

$
$

111.35
1,063.82

$
$

111.35
1,063.82

$
$

111.35
1,063.82

$

1,152.97

$

1,175.17

$

1,175.17

$

1,175.17

$

1,175.17

O & M For Residential Townhomes (Pod B) Debt For Residential Townhomes (Pod B)
Total For Residential Townhomes (Pod B)

$
$

89.15
814.89

$
$

111.35
814.89

$
$

111.35
814.89

$
$

111.35
814.89

$
$

111.35
814.89

$

904.04

$

926.24

$

926.24

$

926.24

$

926.24

Pods C, D & E
O & M For Single Family Residential (Pods C, D & E) Debt For Single Family Residential (Pods C, D & E)
Total For Single Family Residential (Pod C, D & E)

$
$

89.15
1,159.28

$
$

111.35
1,159.28

$
$

111.35
1,159.28

$
$

111.35
1,159.28

$
$

111.35
1,159.28

$

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) Debt For Zero Lot Line Residential (Pods C, D & E)
Total For Zero Lot Line Residential (Pods C, D & E)

$
$

89.15
1,058.70

$
$

111.35
1,058.70

$
$

111.35
1,058.70

$
$

111.35
1,058.70

$
$

111.35
1,058.70

$

1,147.85

$

1,170.05

$

1,170.05

$

1,170.05

$

1,170.05

O & M For Residential Townhomes (Pods C, D & E) Debt For Residential Townhomes (Pods C, D & E)
Total For Residential Townhomes (Pods C, D & E)

$
$

89.15
810.97

$
$

111.35
810.97

$
$

111.35
810.97

$
$

111.35
810.97

$
$

111.35
810.97

$

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 Pod B Units
Pod C, D & E Units
Total Units

Single Family Residential: Zero Lot Line Residential: Residential Townhome Units
Total Units

1
86
140
227

227
676
903

Pod C, D & E Units Single Family Residential: Zero Lot Line Residential:
Residential Townhome Units
Total Units

56
273
347
676

 Pod C, D & E Townhome Information	

Total Units
Prepayments Billed For Debt

347
1
346

V