Gulfstream Polo Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2017)

IV

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)

V

ASSESSMENT COMPARISON

PROPOSED BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O&M Assessments

100,548

Debt Assessments - 2017

206,739

Debt Assessments - 2019

628,477

Interest Income

1,800

TOTAL REVENUES

$	937,564

EXPENDITURES

Supervisor Fees

0

Engineering/Inspections

2,000

Management

41,220

Legal

8,000

Assessment Roll

5,000

Audit Fees

5,700

Arbitrage Rebate Fee

650

Insurance

7,650

Legal Advertisements

1,800

Miscellaneous

400

Postage

275

Office Supplies

500

Dues & Subscriptions

175

Trustee Fees

7,850

Continuing Disclosure Fee

1,000

Lake Maintenance

13,000

Reserve

1,095

TOTAL EXPENDITURES

$	96,315

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 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O&M Assessments

101,304

100,548

100,548

Expenditures/.94

Debt Assessments - 2017

206,802

206,739

206,739

Bond Payments/.94

Debt Assessments - 2019

634,884

628,477

628,477

Bond Payments/.94

Interest Income

9,987

1,200

1,800

Interest Projected At $150 Per Month

TOTAL REVENUES

$	952,977

$	936,964

$	937,564

EXPENDITURES

Supervisor Fees

0

0

0

Engineering/Inspections

0

2,000

2,000

No Change From 2025/2026 Budget

Management

39,012

40,140

41,220

CPI Adjustment

Legal

1,399

8,500

8,000

$500 Decrease From 2025/2026 Budget

Assessment Roll

5,000

5,000

5,000

As Per Contract

Audit Fees

5,500

5,700

5,700

Accepted Amount For 2025/2026 Audit

Arbitrage Rebate Fee

650

650

650

For Series 2019 Bond (2017 Qualifies For Small User Exception)

Insurance

6,531

7,000

7,650

Fiscal Year 2025/2026 Expenditure Was $6,923

Legal Advertisements

1,098

2,000

1,800

$200 Decrease From 2025/2026 Budget

Miscellaneous

8

450

400

$50 Decrease From 2025/2026 Budget

Postage

67

275

275

No Change From 2025/2026 Budget

Office Supplies

151

550

500

$50 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

7,847

7,850

7,850

No Change From 2025/2026 Budget

Continuing Disclosure Fee

700

1,000

1,000

No Change From 2025/2026 Budget

Lake Maintenance

0

13,000

13,000

Lake Maintenance

Reserve

0

1,425

1,095

Reserve

TOTAL EXPENDITURES

$	68,138

$	95,715

$	96,315

REVENUES LESS EXPENDITURES

$	884,839

$	841,249

$	841,249

Bond Payments - 2017

(197,067)

(194,335)

(194,335)

2027 Principal & Interest Payments

Bond Payments - 2019

(604,998)

(590,768)

(590,768)

2027 Principal & Interest Payments

BALANCE

$	82,774

$	56,146

$	56,146

County Appraiser & Tax Collector Fee

(4,876)

(18,715)

(18,715)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(35,395)

(37,431)

(37,431)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	42,503

$	-

$	-

Carryover Funds From Prior Year

0

0

0

Carryover Funds From Prior Year

NET EXCESS/ (SHORTFALL)

$	42,503

$	-

$	-

DETAILED PROPOSED DEBT SERVICE (SERIES 2017) FUND BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$2,445,000

III

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

13,845

1,200

1,500

Projected Interest For 2026/2027

NAV Tax Collection

197,067

194,335

194,335

Maximum Debt Service Collection

Total Revenues

$	210,912

$	195,535

$	195,835

EXPENDITURES

Principal Payments

60,000

65,000

70,000

Principal Payment Due In 2027

Interest Payments

121,363

117,563

114,963

Interest Payments Due In 2027

Bond Redemption

0

12,972

10,872

Estimated Excess Debt Collections

Total Expenditures

$	181,363

$	195,535

$	195,835

Excess/ (Shortfall)

$	29,549

$	-

$	-

DETAILED PROPOSED DEBT SERVICE (SERIES 2019) FUND BUDGET
GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$8,665,000

IV

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

31,557

1,200

1,500

Projected Interest For 2026/2027

NAV Tax Collection

604,998

590,768

590,768

Maximum Debt Service Collection

Prepaid Bond Collection

0

0

0

Total Revenues

$	636,555

$	591,968

$	592,268

EXPENDITURES

Principal Payments

205,000

220,000

230,000

Principal Payment Due In 2027

Interest Payments

379,194

368,769

357,044

Interest Payments Due In 2027

Transfer To Construction Fund

12,978

0

0

Bond Redemption

0

3,199

5,224

Estimated Excess Debt Collections

Total Expenditures

$	597,172

$	591,968

$	592,268

Excess/ (Shortfall)

$	39,383

$	-

$	-

GULFSTREAM POLO COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2022/2023
  Assessment* 

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
  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)

$
$

111.35
1,164.89

$
$

111.35
1,164.89

$
$

111.35
1,164.89

$
$

111.35
1,164.89

$
$

111.35
1,164.89

$

1,276.24

$

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)

$
$

111.35
1,063.82

$
$

111.35
1,063.82

$
$

111.35
1,063.82

$
$

111.35
1,063.82

$
$

111.35
1,063.82

$

1,175.17

$

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)

$
$

111.35
814.89

$
$

111.35
814.89

$
$

111.35
814.89

$
$

111.35
814.89

$
$

111.35
814.89

$

926.24

$

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)

$
$

111.35
1,159.28

$
$

111.35
1,159.28

$
$

111.35
1,159.28

$
$

111.35
1,159.28

$
$

111.35
1,159.28

$

1,270.63

$

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)

$
$

111.35
1,058.70

$
$

111.35
1,058.70

$
$

111.35
1,058.70

$
$

111.35
1,058.70

$
$

111.35
1,058.70

$

1,170.05

$

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)

$
$

111.35
810.97

$
$

111.35
810.97

$
$

111.35
810.97

$
$

111.35
810.97

$
$

111.35
810.97

$

922.32

$

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