Capital Region	
Community Development District	

Approved Proposed Budget	
FY 2026	

Table of Contents

1-2

3-5

6

7-8

9-10

11-12

13-14

	General Fund

	Narratives

	Capital Reserve Fund

	Debt Service Fund Series 2013

	Debt Service Fund Series 2018A1

	Debt Service Fund Series 2018A2

	Debt Service Fund Series 2021

15		Assessment Schedule

Capital Region	
Community Development District	
Approved Proposed Budget	
General Fund	

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

REVENUES:

Special Assessments - On Roll	$	1,723,304	$	1,639,275	$	84,029	$	1,723,304	$	1,825,113	
Special Assessments - Direct St Joe	287,354	167,386	119,968	287,354	304,330	
Interest Income	30,000	21,708	21,713	43,421	25,000	
Miscellaneous Revenue	-	-	-	-	2,000	

TOTAL REVENUES	$  2,040,658	$  1,828,369	$	225,710	$  2,054,079	$  2,156,443	

EXPENDITURES:

Administrative:						
Supervisor Fees	$	12,000	$	3,400	$	6,000	$	9,400	$	12,000	
FICA Taxes	918	260	459	719	918	
Engineering	15,000	3,065	11,935	15,000	15,000	
Attorney	37,000	11,582	25,418	37,000	37,000	
Annual Audit	3,925	3,925	-	3,925	4,025	
Annual Report	500	-	-	-	-	
Assessment Administration	13,043	13,043	-	13,043	13,826	
Arbitrage Rebate	1,800	600	1,200	1,800	1,800	
Dissemination Agent	8,507	4,254	4,253	8,507	8,507	
Trustee Fees	15,520	4,148	11,372	15,520	15,520	
Management Fees	57,902	28,951	28,951	57,902	60,352	
Information Technology	3,176	1,588	1,588	3,176	3,367	
Website Maintenance	1,361	681	681	1,361	1,443	
Record Storage	150	-	75	75	-	
Telephone	300	-	150	150	-	
Travel & Per Diem	2,000	106	1,000	1,106	-	
Postage & Delivery	1,000	419	581	1,000	1,000	
Insurance General Liability	13,325	12,398	-	12,398	13,953	
Printing & Binding	2,000	111	1,000	1,111	200	
Legal Advertising	3,500	860	2,640	3,500	3,500	
Other Current Charges	1,987	433	994	1,426	2,500	
Office Supplies	50	42	25	67	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	195,139	$	90,041	$	98,320	$	188,361	$	195,134	

Capital Region	
Community Development District	
Approved Proposed Budget	
General Fund	

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

Operations & Maintenance

Field Expenditures						
Property Insurance	$	17,014	$	14,050	$	-	$	14,050	$	15,174	
Management Fees	157,557	79,798	78,779	158,576	157,557	
Utilities-Electric/Water	60,000	23,304	36,696	60,000	60,000	
Landscape Maintenance - Contract	1,038,980	519,392	519,392	1,038,785	1,164,365	
Landscape Maintenance - New Units/Street Trees	5,500	863	4,637	5,500	5,500	
Pond Maintenance - Contract	11,172	3,456	7,716	11,172	13,512	
Pond Repairs - Current Units	50,000	28,680	21,320	50,000	50,000	
Irrigation Maintenance - Contract	51,621	25,811	25,811	51,621	58,200	
Irrigation Maintenance - New Units	500	-	500	500	500	
Irrigation Repairs - Current Units	45,000	15,254	29,746	45,000	45,000	
SWMF Operating Permit Fees	2,754	1,377	1,377	2,754	-	
Preserve Maintenance	40,000	4,719	35,281	40,000	40,000	
Tot Lot Inspection/Maintenance	7,500	8,925	-	8,925	4,800	
Tree Removal/Trimming/Cleanup	38,000	37,292	708	38,000	38,000	
Alleyway Maintenance	10,000	74	9,926	10,000	10,000	
Miscellaneous Maintenance	7,500	3,746	3,754	7,500	20,000	
Special Events	9,000	11,254	-	11,254	12,000	
Other - Contingency	67,921	8,440	56,998	65,438	50,000	
Capital Expenditures	25,000	27,029	500	27,529	25,000	
Common Area Maintenance	12,000	22,614	8,000	30,614	23,000	
Enhancement/Beautification	20,000	17,968	2,032	20,000	20,000	

TOTAL FIELD EXPENDITURES	$  1,677,019	$	854,047	$	843,172	$  1,697,218	$  1,812,608	

TOTAL EXPENDITURES	$  1,872,158	$	944,087	$	941,492	$  1,885,579	$  2,007,743	
Other Sources/(Uses)

Reserve for Capital - R&R	(168,500)	(168,500)	-	(168,500)	(148,700)	

TOTAL OTHER SOURCES/(USES)	$(168,500)	$(168,500)	$-	$(168,500)	$(148,700)	

EXCESS REVENUES (EXPENDITURES)	$	-	$	715,782	$	(715,782)	$	-	$	-	

Capital Region	
Community Development District	
Budget Narrative	
FY 2026	

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.	
Special Assessments-Direct St Joe	
The District will bill a Non-Ad Valorem assessment on all sold and platted parcels to St Joe within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest	
The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated
average balance of funds available during the fiscal year.	

Expenditures - Administrative	

Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 12 meetings.	
FICA Taxes	
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering	
The District's engineer (Atkins) will be providing limited engineering services to the District including attendance as needed and preparation for board meetings, review and execute of documents under the District’s trust indenture and monitoring of District projects. Additionally, The District utilizes Dantin Engineering on an assigned project basis and for engineering consulting services.	
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 NF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Arbitrage Rebate	
The District is required to annually have an arbitrage rebate calculation on the District's Series 2013 Capital Improvement Revenue Bonds & Series 2018A1/A2 Capital Improvement Revenue Refunding Bonds, Series 2021 Capital Improvement Revenue Refund Bonds. Currently the District has contracted with Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to the District.	
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 issued Series 2013 Capital Improvement Revenue Bonds, and Series 2018A1/A2 Capital Improvement Revenue refunding Bonds, and Series 2021 Capital Improvement Revenue Refunding Bonds which are held with a Trustee at US Bank. The
amount of the trustee fees is based on the agreement between US Bank and the District.	

Capital Region	
Community Development District	
Budget Narrative	
FY 2026	

Expenditures - Administrative (continued)	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services NF, 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 NF 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 NF, LLC and updated monthly.	
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.	

Expenditures – Field	
Property Insurance	
The District's Property Liability Insurance policy is with Egis Insurance specializes in providing insurance coverage to governmental agencies.	
Management Fees	
The District has contracted with GMS, LLC for the supervision and on-site management of Capital Region Community Development District. Their responsibilities include management of field services contracts such as landscape maintenance, ponds maintenance, and security patrols, oversight of capital assets and coordination of maintenance, repairs and replacement of capital assets.	
Utilities - Electric/Water	
The District currently has accounts with City of Tallahassee Utility Company for electric service and water
throughout the district.	

Capital Region	
Community Development District	
Budget Narrative	
FY 2026	

Expenditures – Field (continued)	
Landscape/Pond/Irrigation Maintenance	
The District has contracted with All Pro Land Care of Tallahassee, Inc. to provide landscaping, pond and irrigation maintenance
services to all the common areas within the District. Services include mowing, trimming, fertilization, maintenance of irrigations systems, and trimming of District owned trees.	

Contracts	
Landscape Maintenance - Contract	
Landscape Maintenance - New Units/Street Trees	

$97,030	$1,164,365	
$458	$5,500	

Pond Maintenance - Contract	The Lake Doctor	Catfish Pond	$332	$3,984	
Pond Maintenance - Contract	The Lake Doctor	Water Quality	$0	$3,000	
Pond Maintenance - Contract	The Lake Doctor	Verdura	$732	$2,928	
Pond Maintenance - Contract		Contingency	$300	$3,600	

$4,167	$50,000	

Pond Repairs - Current Units

Irrigation Maintenance - Contract	
Irrigation Maintenance - New Units	
Irrigation Maintenance - Current Units	
Total	

$4,850	$58,200	
$42	$500	
$3,750	$45,000	
$111,661	$1,337,077	

SWMF Operating Permit Fees	
The District pays the City of Tallahassee, Growth Management Department for inspection of and the administration needed to issue operating permits for District owned and maintained Storm Water facilities.	
Preserve Maintenance	
The District has contracted with All Pro Land Care of Tallahassee, Inc. to maintain the various preserved areas within the District (listed as Park Maintenance), but also contacts out work in other preserve areas to various contractors.	
Tot-Lot Inspection Maintenance	
The District owns a recreational area that requires repairs/replacements as well as mulch twice a year. Also, included is an annual inspection.	
Tree Removal/Trimming/Cleanup	
Represents cleanup, trimming and removal trees throughout the district.	
Alleyway Maintenance	
The District conducts repairs and maintenance of the District-owned alleyways.	
Miscellaneous Maintenance	
Unscheduled repairs and maintenance to the District’s facilities not allocated to a particular area	
Special Events	
The District contracts with multiple vendors to assist with road closures during Halloween.	
Other Contingencies	
Unscheduled repairs and maintenance to the District’s Facilities throughout the community.	
Capital Expenditures	
Represents any new capital expenditures the District may need to make during the Fiscal Year.	
Common Area Maintenance	
Unscheduled repairs and maintenance to the District’s common area throughout the community.	
Enhancement/Beautification	
Represents the cost of improving any landscaping located within the common areas of the District.	
Reserve for Capital Repairs and Replacements	
This Reserve funding is for the Capital Repairs and Replacements for the District’s capital assets.	

Capital Region	
Community Development District	
Proposed Budget	
Capital Reserve Fund	

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

REVENUES:

Interest	$	20,000	$	12,341	$	11,487	$	23,828	$	20,300	
Designated Reserves	387,434	549,219	-	549,219	580,901	

TOTAL REVENUES	$	407,434	$	561,560	$	11,487	$	573,047	$	601,201	

EXPENDITURES:
Capital Outlay

Capital Outlay	$	-	$	-	$	-	$	-	$	170,507	
Playground System	-	160,046	-	160,046	-	
Other Charges	600	283	317	600	600	

TOTAL EXPENDITURES	$	600	$	160,329	$	317	$	160,646	$	171,107	

Other Sources/(Uses)

Transfer in/(Out)	$	168,500	$	168,500	$	-	$	168,500	$	148,700	

TOTAL OTHER SOURCES/(USES)	$	168,500	$	168,500	$	-	$	168,500	$	148,700	

EXCESS REVENUES (EXPENDITURES)	$	575,334	$	569,731	$	11,170	$	580,901	$	578,794	

Capital Region	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2013 Capital Improvement Refunding Bonds	

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

REVENUES:

Special Assessments-On Roll	$	755,949	$	716,595	$	39,354	$	755,949	$	755,949	
Special Assessments - Prepayments	-	35,462	-	35,462	-	
Interest Earnings	20,000	6,641	6,000	12,641	5,000	
Carry Forward Surplus	139,465	143,149	-	143,149	182,613	

TOTAL REVENUES	$	915,414	$	901,847	$	45,354	$	947,201	$	943,562	

EXPENDITURES:

Interest - 11/1	$	139,519	$	139,519	$	-	$	139,519	$	126,788	
Interest - 5/1	139,519	-	139,519	139,519	126,788	
Principal - 5/1	485,000	-	485,000	485,000	515,000	
Cost of Issuance	-	551	-	551	-	

TOTAL EXPENDITURES	$	764,038	$	140,070	$	624,519	$	764,589	$	768,575	

TOTAL EXPENDITURES	$	764,038	$	140,070	$	624,519	$	764,589	$	768,575	

EXCESS REVENUES (EXPENDITURES)	$	151,376	$	761,777	$	(579,165)	$	182,613	$	174,987	

Interest Due 11/1/26	$111,981	

Capital Region	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2013 Capital Improvement Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/30/13	$	9,855,000	2.250%	$	-	$	-	$	-	
05/01/14	9,855,000	2.250%	-	165,637		
11/01/14	9,855,000	2.250%	-	246,403	412,040	
05/01/15	9,855,000	2.250%	370,000	246,403		
11/01/15	9,485,000	2.250%	5,000	242,240	863,643	
05/01/16	9,480,000	2.750%	380,000	242,109		
11/01/16	9,100,000	2.750%	-	236,884	858,993	
05/01/17	9,100,000	3.100%	390,000	236,884		
11/01/17	8,710,000	3.100%	5,000	230,839	862,723	
05/01/18	8,705,000	3.600%	405,000	230,689		
11/01/18	8,300,000	3.600%	-	223,399	859,088	
05/01/19	8,300,000	3.900%	420,000	223,399		
11/01/19	7,880,000	3.900%	-	215,209	858,608	
05/01/20	7,880,000	4.200%	445,000	215,209		
11/01/20	7,435,000	4.200%	5,000	205,856	871,065	
05/01/21	7,430,000	4.500%	455,000	205,706		
11/01/21	6,975,000	4.500%	5,000	195,469	861,175	
05/01/22	6,970,000	4.700%	485,000	195,325		
11/01/22	6,485,000	4.700%	-	183,901	864,226	
05/01/23	6,485,000	4.850%	500,000	183,901		
11/01/23	5,985,000	4.850%	-	171,776	855,678	
05/01/24	5,985,000	5.050%	530,000	171,776		
09/01/24	5,455,000	5.050%	650,000	12,793		
11/01/24	4,805,000	5.050%	-	139,519	1,504,088	
05/01/25	4,805,000	5.250%	485,000	139,519	-	
11/01/25	4,320,000	5.250%	-	126,788	751,306	
05/01/26	4,320,000	5.750%	515,000	126,788		
11/01/26	3,805,000	5.750%	-	111,981	753,769	
05/01/27	3,805,000	5.750%	545,000	111,981		
11/01/27	3,260,000	5.750%	-	96,313	753,294	
05/01/28	3,260,000	5.750%	580,000	96,313		
11/01/28	2,680,000	5.750%	-	79,638	755,950	
05/01/29	2,680,000	5.750%	610,000	79,638		
11/01/29	2,070,000	6.000%	-	62,100	751,738	
05/01/30	2,070,000	6.000%	650,000	62,100		
11/01/30	1,420,000	6.000%	-	42,600	754,700	
05/01/31	1,420,000	6.000%	690,000	42,600		
11/01/31	730,000	6.000%	-	21,900	754,500	
05/01/32	730,000	6.000%	730,000	21,900	751,900	

TOTAL	$	9,855,000	$	5,843,480	$	15,698,480	

Capital Region	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2018A1 Capital Improvement Revenue Refunding Bonds	

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

REVENUES:

Special Assessments-On Roll	$	565,965	$	445,526	$	120,439	$	565,965	$	565,965	
Special Assessments-Direct	740,129	517,280	222,849	740,129	740,129	
Interest Earnings	15,000	20,882	12,118	33,000	15,000	
Carry Forward Surplus (1)	404,597	482,781	-	482,781	555,844	

TOTAL REVENUES	$  1,725,691	$  1,466,469	$	355,406	$	1,821,875	$  1,876,937	

EXPENDITURES:

Interest - 11/1	$	341,878	$	318,638	$	-	$	318,638	$	303,981	
Special Call - 11/1	-	50,000	-	50,000	-	
Interest - 5/1	341,878	-	317,394	317,394	289,875	
Principal - 5/1	630,000	-	580,000	580,000	610,000	

TOTAL EXPENDITURES	$  1,313,756	$	368,638	$	897,394	$	1,266,031	$  1,203,856	

TOTAL EXPENDITURES	$  1,313,756	$	368,638	$	897,394	$	1,266,031	$  1,203,856	

EXCESS REVENUES (EXPENDITURES)	$	411,934	$  1,097,831	$	(541,988)	$	555,844	$	673,081	

Interest Due 11/1/26	$	289,875	

(1) Carry Forward is Net of Reserve Requirement

Capital Region	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2018A1 Capital Improvement Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/18	$	16,935,000	4.125%	$	-	$	73,313	$	-	
11/01/18	16,935,000		-	412,384	485,697	
05/01/19	16,935,000	4.125%	515,000	412,384		
11/01/19	16,420,000		5,000	401,650	1,334,034	
05/01/20	16,415,000	4.125%	525,000	401,547		
11/01/20	15,890,000		-	390,644	1,317,191	
05/01/21	15,890,000	4.125%	540,000	390,644		
11/01/21	15,350,000		-	379,469	1,310,113	
05/01/22	15,350,000	4.125%	550,000	379,469		
11/01/22	14,800,000		-	368,125	1,297,594	
05/01/23	14,800,000	4.125%	595,000	368,125		
11/01/23	14,205,000		-	355,753	1,318,878	
05/01/24	14,205,000	4.625%	1,525,000	355,753	-	
11/01/24	12,680,000		50,000	318,638	2,249,391	
05/01/25	12,630,000	4.625%	580,000	317,394		
11/01/25	12,050,000		-	303,981	1,201,375	
05/01/26	12,050,000	4.625%	610,000	303,981		
11/01/26	11,440,000		-	289,875	1,203,856	
05/01/27	11,440,000	4.625%	640,000	289,875		
11/01/27	10,800,000		-	275,075	1,204,950	
05/01/28	10,800,000	4.625%	670,000	275,075		
11/01/28	10,130,000		-	259,581	1,204,656	
05/01/29	10,130,000	5.125%	705,000	259,581		
11/01/29	9,425,000		-	241,516	1,206,097	
05/01/30	9,425,000	5.125%	740,000	241,516		
11/01/30	8,685,000		-	222,553	1,204,069	
05/01/31	8,685,000	5.125%	780,000	222,553		
11/01/31	7,905,000		-	202,566	1,205,119	
05/01/32	7,905,000	5.125%	820,000	202,566		
10/31/32	7,085,000		-	181,553	1,204,119	
05/01/33	7,085,000	5.125%	865,000	181,553		
11/01/33	6,220,000		-	159,388	1,205,941	
05/01/34	6,220,000	5.125%	910,000	159,388		
11/01/34	5,310,000		-	136,069	1,205,456	
05/01/35	5,310,000	5.125%	955,000	136,069		
11/01/35	4,355,000		-	111,597	1,202,666	
04/30/36	4,355,000	5.125%	1,005,000	111,597		
10/31/36	3,350,000		-	85,844	1,202,441	
05/01/37	3,350,000	5.125%	1,060,000	85,844		
10/31/37	2,290,000		-	58,681	1,204,525	
05/01/38	2,290,000	5.125%	1,115,000	58,681		
11/01/38	1,175,000		-	30,109	1,203,791	
05/01/39	1,175,000	5.125%	1,175,000	30,109	1,205,109	

TOTAL	$	16,935,000	$	10,442,066	$	27,377,066	

Capital Region	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2018A2 Capital Improvement Revenue Refunding Bonds	

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

REVENUES:

Special Assessments-On Roll	$	274,147	$	264,769	$	9,378	$	274,147	$	274,147	
Interest Earnings	5,000	5,765	2,500	8,265	5,000	
Carry Forward Surplus (1)	56,111	73,017	-	73,017	82,635	

TOTAL REVENUES	$	335,258	$	343,552	$	11,878	$	355,430	$	361,782	

EXPENDITURES:

Interest - 11/1	$	36,570	$	36,455	$	-	$	36,455	$	31,855	
Special Call - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	36,570	-	36,340	36,340	31,855	
Principal - 5/1	200,000	-	195,000	195,000	205,000	

TOTAL EXPENDITURES	$	273,140	$	41,455	$	231,340	$	272,795	$	268,710	

TOTAL EXPENDITURES	$	273,140	$	41,455	$	231,340	$	272,795	$	268,710	

EXCESS REVENUES (EXPENDITURES)	$	62,118	$	302,097	$	(219,462)	$	82,635	$	93,072	

Interest Due 11/1/26	$27,140	

(1) Carry Forward is Net of Reserve Requirement

Capital Region	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2018A2 Capital Improvement Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/18	$	2,675,000	3.875%	$	-	$	10,384	$	-	
11/01/18	2,675,000		-	58,408	68,791	
05/01/19	2,675,000	3.875%	170,000	58,408		
11/01/19	2,505,000		-	55,096	283,503	
05/01/20	2,505,000	3.875%	170,000	55,096		
11/01/20	2,335,000		-	51,784	276,879	
05/01/21	2,335,000	3.875%	180,000	51,784		
11/01/21	2,155,000		-	48,278	280,062	
05/01/22	2,155,000	3.875%	180,000	48,278		
11/01/22	1,975,000		-	44,773	273,051	
05/01/23	1,975,000	3.875%	190,000	44,773		
11/01/23	1,785,000		5,000	41,055	280,828	
05/01/24	1,780,000	4.600%	195,000	40,940	-	
11/01/24	1,585,000		5,000	36,455	277,395	
05/01/25	1,580,000	4.600%	195,000	36,340		
11/01/25	1,385,000		-	31,855	263,195	
05/01/26	1,385,000	4.600%	205,000	31,855		
11/01/26	1,180,000		-	27,140	263,995	
05/01/27	1,180,000	4.600%	215,000	27,140		
11/01/27	965,000		-	22,195	264,335	
05/01/28	965,000	4.600%	225,000	22,195		
11/01/28	740,000		-	17,020	264,215	
05/01/29	740,000	4.600%	235,000	17,020		
11/01/29	505,000		-	11,615	263,635	
05/01/30	505,000	4.600%	245,000	11,615		
11/01/30	260,000		-	5,980	262,595	
05/01/31	260,000	4.600%	260,000	5,980	265,980	

TOTAL	$	2,675,000	$	913,459	$	3,588,459	

Capital Region	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2021 Capital Improvement Revenue Refunding Bonds	

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

REVENUES:

Special Assessments-On Roll	$	318,937	$	309,497	$	9,441	$	318,937	$	318,937	
Interest Earnings	2,750	3,485	1,100	4,585	2,750	
Carry Forward Surplus (1)	50,731	62,363	-	62,363	65,011	

TOTAL REVENUES	$	372,419	$	375,345	$	10,541	$	385,886	$	386,698	

EXPENDITURES:

Interest - 11/1	$	25,438	$	25,438	$	-	$	25,438	$	22,063	
Interest - 5/1	25,438	-	25,438	25,438	22,063	
Principal - 5/1	270,000	-	270,000	270,000	275,000	

TOTAL EXPENDITURES	$	320,875	$	25,438	$	295,438	$	320,875	$	319,125	

TOTAL EXPENDITURES	$	320,875	$	25,438	$	295,438	$	320,875	$	319,125	

EXCESS REVENUES (EXPENDITURES)	$	51,544	$	349,907	$	(284,897)	$	65,011	$	67,573	

Interest Due 11/1/26	$18,625	

(1) Carry Forward is Net of Reserve Requirement

Capital Region	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Capital Improvement Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/21	$	2,800,000	2.500%	$	-	$	43,944	$	43,944	
05/01/22	2,800,000	2.5000%	250,000	35,000		
11/01/22	2,550,000	2.5000%	-	31,875	316,875	
05/01/23	2,550,000	2.5000%	255,000	31,875		
11/01/23	2,295,000	2.5000%	-	28,688	315,563	
05/01/24	2,295,000	2.5000%	260,000	28,688	-	
11/01/24	2,035,000	2.5000%	-	25,438	314,125	
05/01/25	2,035,000	2.5000%	270,000	25,438		
11/01/25	1,765,000	2.5000%	-	22,063	317,500	
05/01/26	1,765,000	2.5000%	275,000	22,063		
11/01/26	1,490,000	2.5000%	-	18,625	315,688	
05/01/27	1,490,000	2.5000%	285,000	18,625		
11/01/27	1,205,000	2.5000%	-	15,063	318,688	
05/01/28	1,205,000	2.5000%	290,000	15,063		
11/01/28	915,000	2.5000%	-	11,438	316,500	
05/01/29	915,000	2.5000%	295,000	11,438		
11/01/29	620,000	2.5000%	-	7,750	314,188	
05/01/30	620,000	2.5000%	305,000	7,750		
11/01/30	315,000	2.5000%	-	3,938	316,688	
05/01/31	315,000	2.5000%	315,000	3,938	318,938	

TOTAL	$	2,800,000	$	408,694	$	3,208,694	

Capital Region	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2026	

Neighborhood	
O&M Units	Bonds Units 2013	Bonds Units 2018A1	Bonds Units 2018A2	Bonds Units 2021	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
		
refinanced	
ex 2008	
ex 2011	
ex 2011	
FY 2026	
FY 2025	Increase/ (decrease)	
FY 2026	
FY 2025	Increase/ (decrease)	
FY 2026	
FY 2025	Increase/ (decrease)	
						O&M	O&M	O&M	Series 2013	Series 2018A1	Series 2018A2	Series 2021	Series 2013	Series 2018A1	Series 2018A2	Series 2021	Total	Total	Total	Total	
																
Apartments	1745	654	850	241	0	$276.52	$262.91	$13.61	$306.34	$326.50	$349.80	$0.00	$306.34	$326.50	$349.80	$0.00	$0.00	$1,259.16	$1,245.55	$13.61	
Townhomes	298	82	46	0	60	$266.10	$252.99	$13.10	$279.26	$297.62	$0.00	$215.13	$279.26	$297.62	$0.00	$215.13	$0.00	$1,058.11	$1,045.00	$13.10	
Townhomes-1	0	0	0	0	110	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$258.87	$0.00	$0.00	$0.00	$258.87	$0.00	$258.87	$258.87	$0.00	
Duplex	0	0	0	0	0	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
30s	53	0	0	0	53	$291.44	$277.09	$14.35	$0.00	$0.00	$0.00	$282.54	$0.00	$0.00	$0.00	$282.54	$0.00	$573.98	$559.63	$14.35	
40s	250	153	69	0	28	$310.45	$295.16	$15.29	$326.45	$346.64	$0.00	$302.61	$326.45	$346.64	$0.00	$302.61	$0.00	$1,286.15	$1,270.86	$15.29	
55s	371	107	154	0	28	$376.96	$358.40	$18.56	$396.08	$421.04	$0.00	$304.76	$396.08	$421.04	$0.00	$304.76	$0.00	$1,498.84	$1,480.28	$18.56	
55s-1	0	0	0	0	82	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$367.13	$0.00	$0.00	$0.00	$367.13	$0.00	$367.13	$367.13	$0.00	
65s	382	127	144	0	42	$465.66	$442.74	$22.93	$488.91	$519.95	$0.00	$376.47	$488.91	$519.95	$0.00	$376.47	$0.00	$1,850.99	$1,828.07	$22.93	
65's-1	0	0	0	0	69	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$453.20	$0.00	$0.00	$0.00	$453.20	$0.00	$453.20	$453.20	$0.00	
75s	209	56	76	0	34	$532.18	$505.98	$26.20	$559.30	$594.36	$0.00	$430.26	$559.30	$594.36	$0.00	$430.26	$0.00	$2,116.10	$2,089.90	$26.20	
75s-1	0	0	0	0	43	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$518.46	$0.00	$0.00	$0.00	$518.46	$0.00	$518.46	$518.46	$0.00	
85s	111	77	34	0	0	$579.19	$550.67	$28.52	$605.72	$644.25	$0.00	$0.00	$605.72	$644.25	$0.00	$0.00	$0.00	$1,829.16	$1,800.64	$28.52	
90s	26	0	26	0	0	$654.67	$622.44	$32.23	$0.00	$693.71	$0.00	$0.00	$0.00	$693.71	$0.00	$0.00	$0.00	$1,348.38	$1,316.15	$32.23	
100s	205	40	44	0	32	$665.24	$632.49	$32.75	$698.55	$743.17	$0.00	$537.82	$698.55	$743.17	$0.00	$537.82	$0.00	$2,644.78	$2,612.03	$32.75	
100s-1	0	0	0	0	89	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$647.54	$0.00	$0.00	$0.00	$647.54	$0.00	$647.54	$647.54	$0.00	
1/2 Ac	160	73	21	0	22	$798.30	$758.99	$39.31	$838.57	$891.99	$0.00	$645.39	$838.57	$891.99	$0.00	$645.39	$0.00	$3,174.25	$3,134.94	$39.31	
1/2 Ac-1	0	0	0	0	44	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$777.33	$0.00	$0.00	$0.00	$777.33	$0.00	$777.33	$777.33	$0.00	
1Ac	40	3	0	0	25	$1,042.22	$990.90	$51.31	$1,094.64	$0.00	$0.00	$842.59	$1,094.64	$0.00	$0.00	$842.59	$0.00	$2,979.45	$2,928.13	$51.31	
1Ac-1	0	0	0	0	11	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1,014.69	$0.00	$0.00	$0.00	$1,014.69	$0.00	$1,014.69	$1,014.69	$0.00	
ACLF	101	0	101	0	0	$139.65	$132.77	$6.88	$0.00	$156.69	$0.00	$0.00	$0.00	$156.69	$0.00	$0.00	$0.00	$296.34	$289.46	$6.88	
Blended Commercial	143.52	28.97	0	0	0	$3,105.21	$2,952.32	$152.89	$1,779.79	$0.00	$0.00	$0.00	$1,779.79	$0.00	$0.00	$0.00	$0.00	$4,885.00	$4,732.11	$152.89	
Blended Commercial	0	58.464	0	0	0	$0.00	$0.00	$0.00	$3,249.41	$0.00	$0.00	$0.00	$3,249.41	$0.00	$0.00	$0.00	$0.00	$3,249.41	$3,249.41	$0.00	
Blended Commercial	0	2.12	0	0	0	$0.00	$0.00	$0.00	$3,249.08	$0.00	$0.00	$0.00	$3,249.08	$0.00	$0.00	$0.00	$0.00	$3,249.08	$3,249.08	$0.00	
Blended Commercial	0	1.415	0	0	0	$0.00	$0.00	$0.00	$3,249.05	$0.00	$0.00	$0.00	$3,249.05	$0.00	$0.00	$0.00	$0.00	$3,249.05	$3,249.05	$0.00	
Blended Commercial	0	3.62	0	0	0	$0.00	$0.00	$0.00	$3,249.07	$0.00	$0.00	$0.00	$3,249.07	$0.00	$0.00	$0.00	$0.00	$3,249.07	$3,249.07	$0.00	
Golf Club	1	0	0	1	0	$17,051.95	$16,212.38	$839.57	$0.00	$0.00	$21,400.59	$0.00	$0.00	$0.00	$21,400.59	$0.00	$0.00	$38,452.54	$37,612.97	$839.57	
Catholic School	1	0	0	1	0	$13,511.73	$0.00	$13,511.73	$0.00	$0.00	$20,520.07	$0.00	$0.00	$0.00	$20,520.07	$0.00	$0.00	$34,031.80	$20,520.07	$13,511.73	
Southwood House	0.39	0	0	0	0	$3,105.21	$2,952.32	$152.89	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3,105.21	$2,952.32	$152.89	
Cottages	0	0	0.39	0	0	$0.00	$0.00	$0.00	$0.00	$3,456.73	$0.00	$0.00	$0.00	$3,456.73	$0.00	$0.00	$0.00	$3,456.73	$3,456.73	$0.00	
Commercial	0	0	0	43.37	0	$0.00	$0.00	$0.00	$0.00	$0.00	$3,690.94	$0.00	$0.00	$0.00	$3,690.94	$0.00	$0.00	$3,690.94	$3,690.94	$0.00	
Commercial-2	0	0	0	3.84	0	$0.00	$0.00	$0.00	$0.00	$0.00	$2,207.33	$0.00	$0.00	$0.00	$2,207.33	$0.00	$0.00	$2,207.33	$2,207.33	$0.00	
Total	4096.91	1466.589	1565.39	290.21	772		

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