Capital Region
Community Development District

Adopted Budget
FY 2026

Table of Contents

1-3

4-5

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	
Adopted Budget	
General Fund	

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

REVENUES:

Special Assessments - On Roll	$	1,723,304	$	1,738,303	$	-	$	1,738,303	$	1,845,938	
Special Assessments - Direct St Joe	287,354	239,122	47,825	286,947	278,000	
Interest Income	30,000	35,190	11,320	46,510	30,509	
Miscellaneous Revenue	-	-	-	-	2,000	

TOTAL REVENUES	$	2,040,658	$	2,012,615	$	59,145	$	2,071,760	$	2,156,446	

EXPENDITURES:

Administrative:						
Supervisor Fees	$	12,000	$	5,200	$	3,000	$	8,200	$	12,000	
FICA Taxes	918	398	230	627	918	
Engineering	15,000	8,571	6,429	15,000	15,000	
Attorney	37,000	24,830	12,170	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	1,800	-	1,800	1,800	
Dissemination Agent	8,507	6,380	2,126	8,507	8,507	
Trustee Fees	15,520	15,220	-	15,220	15,520	
Management Fees	57,902	43,427	14,475	57,902	60,352	
Information Technology	3,176	2,382	794	3,176	3,367	
Website Maintenance	1,361	1,021	340	1,361	1,443	
Record Storage	150	-	38	38	-	
Telephone	300	-	75	75	-	
Travel & Per Diem	2,000	156	500	656	-	
Postage & Delivery	1,000	651	3,938	4,589	1,000	
Insurance General Liability	13,325	12,398	-	12,398	13,957	
Printing & Binding	2,000	195	150	345	200	
Legal Advertising	3,500	1,413	2,087	3,500	3,500	
Other Current Charges	1,987	1,596	497	2,092	2,500	
Office Supplies	50	42	13	55	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	195,139	$	142,822	$	46,860	$	189,682	$	195,138	

Operations & Maintenance

Field Expenditures						
Property Insurance	$	17,014	$	14,050	$	-	$	14,050	$	15,174	
Management Fees	157,557	118,168	39,389	157,557	157,557	
Utilities-Electric/Water	60,000	40,362	19,638	60,000	60,000	
Landscape Maintenance - Contract	1,038,980	779,089	259,696	1,038,785	1,164,365	
Landscape Maintenance - New Units/Street Trees	5,500	2,151	3,349	5,500	5,500	
Pond Maintenance - Contract	11,172	4,852	3,060	7,912	13,512	
Pond Repairs - Current Units	50,000	51,103	30,000	81,103	50,000	
Irrigation Maintenance - Contract	51,621	38,716	12,906	51,622	58,200	
Irrigation Maintenance - New Units	500	5	495	500	500	
Irrigation Repairs - Current Units	45,000	32,917	12,083	45,000	45,000	
SWMF Operating Permit Fees	2,754	1,377	-	1,377	-	

Capital Region	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY 2026	
Operations & Maintenance (continued)

Preserve Maintenance	40,000	15,446	24,554	40,000	40,000	
Tot Lot Inspection/Maintenance	7,500	8,925	-	8,925	4,800	
Tree Removal/Trimming/Cleanup	38,000	50,679	5,000	55,679	38,000	
Alleyway Maintenance	10,000	674	9,326	10,000	10,000	
Miscellaneous Maintenance	7,500	10,025	5,000	15,025	20,000	
Special Events	9,000	11,254	-	11,254	12,000	
Other - Contingency	67,921	9,959	18,980	28,939	50,000	
Capital Expenditures	25,000	29,813	-	29,813	25,000	
Common Area Maintenance	12,000	27,569	5,000	32,569	23,000	
Enhancement/Beautification	20,000	17,968	-	17,968	20,000	

TOTAL FIELD EXPENDITURES	$	1,677,019	$	1,265,100	$	448,477	$	1,713,577	$	1,812,608	

TOTAL EXPENDITURES	$	1,872,158	$	1,407,922	$	495,337	$	1,903,259	$	2,007,747	
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)	$	-	$	436,193	$	(436,193)	$	-	$	-	

Gross Assessments	
Less: Discounts & Collections 7%	
Net Assessments	

$	1,984,879	
     138,942 	
 $	1,845,938 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	

Apartments	1745	$	481,100.46	$	262.91	$	275.70	$	12.80	
Townhomes	298	79,061.48	252.99	265.31	12.31	
Single Family 30s	53	15,400.67	277.09	290.58	13.49	
Single Family 40s	332	102,762.87	295.16	309.53	14.37	
Single Family 55s	371	139,438.47	358.40	375.84	17.44	
Single Family 65s	382	177,356.64	442.74	464.28	21.55	
Single Family 75s	209	110,895.95	505.98	530.60	24.63	
Single Family 85s	111	64,099.43	550.67	577.47	26.80	
Single Family 90s	26	16,970.98	622.44	652.73	30.29	
Single Family 100s	205	135,971.00	632.49	663.27	30.78	
1/2 Ac	160	127,349.18	758.99	795.93	36.94	
1Ac	40	41,565.18	990.90	1,039.13	48.23	
ACLF	101	14,062.82	132.77	139.24	6.46	
Blended Commercial	143.516	444,326.47	2,952.32	3,096.01	143.69	
Golf Club	1	17,001.44	16,212.38	17,001.44	789.06	
Catholic School	1	16,308.85	-	16,308.85	16,308.85	
Southwood House	0.39	1,207.44	2,952.32	3,096.01	143.69	
TOTAL ON ROLL	4178.906	$	1,984,879				

DEVELOPABLE ACRES	397.25	$	298,924	$	717.56	$	752.48	$	34.92	

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.	
Miscellaneous Revenue	
Estimated donation revenue from the District's Memorial Tree & Bench Program. These donations help offset the cost of installing memorial trees or benches.	

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, 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	$342	$4,104	
Pond Maintenance - Contract	The Lake Doctor	Water Quality	$250	$3,000	
Pond Maintenance - Contract	The Lake Doctor	Verdura	$732	$2,928	
Pond Maintenance - Contract		Contingency	$290	$3,480	

$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	
$111,911	$1,337,077	

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	Adopted Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY 2026	

REVENUES:

Interest	$	20,000	$	18,696	$	7,557	$	26,252	$	20,300	
Designated Reserves	387,434	549,219	-	549,219	572,475	

TOTAL REVENUES	$	407,434	$	567,915	$	7,557	$	575,471	$	592,775	

EXPENDITURES:
Capital Outlay

Capital Outlay	$	-	$	-	$	-	$	-	$	170,507	
Playground System	-	160,046	-	160,046	-	
Sign	-	10,850	-	10,850	-	
Other Charges	600	491	109	600	600	

TOTAL EXPENDITURES	$	600	$	171,387	$	109	$	171,496	$	171,107	
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)	$	575,334	$	565,027	$	7,448	$	572,475	$	570,368	

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

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

REVENUES:

Special Assessments-On Roll	$	755,949	$	763,269	$	-	$	763,269	$	755,949	
Special Assessments - Prepayments	-	35,462	-	35,462	-	
Interest Earnings	20,000	12,429	3,571	16,000	8,000	
Carry Forward Surplus	139,465	143,149	-	143,149	153,291	

TOTAL REVENUES	$	915,414	$	954,309	$	3,571	$	957,880	$	917,240	

EXPENDITURES:

Interest - 11/1	$	139,519	$	139,519	$	-	$	139,519	$	125,619	
Interest - 5/1	139,519	139,519	-	139,519	125,619	
Principal - 5/1	485,000	485,000	-	485,000	510,000	
Special Call - 5/1	-	40,000	-	40,000	-	
Cost of Issuance	-	551	-	551	-	

TOTAL EXPENDITURES	$	764,038	$	804,589	$	-	$	804,589	$	761,238	

TOTAL EXPENDITURES	$	764,038	$	804,589	$	-	$	804,589	$	761,238	

EXCESS REVENUES (EXPENDITURES)	$	151,376	$	149,720	$	3,571	$	153,291	$	156,003	

Interest Due 11/1/26	$	110,956	

Product	Assessable
Units	FY26
Gross Per Unit	Total Gross Assessment	Total Net Assessment

Apartments	
Townhomes	
Single Family 40s	
Single Family 55s	
Single Family 65s	
Single Family 75s	
Single Family 85s	
Single Family 100s	
1/2 Acre	
1 Acre	
Blended Commercial	
Blended Commercial	
Blended Commercial	
Blended Commercial	
Blended Commercial	

654	$	306.34	$	200,346.36	$	186,322.11	
82	279.26	22,899.32	21,296.37	
153	326.45	49,946.85	46,450.57	
107	396.08	42,380.56	39,413.92	
127	488.91	62,091.57	57,745.16	
56	559.30	31,320.80	29,128.34	
77	605.72	46,640.44	43,375.61	
40	698.55	27,942.00	25,986.06	
73	838.57	61,215.61	56,930.52	
3	1,094.64	3,283.92	3,054.05	
28.970	1,779.79	51,560.52	47,951.28	
58.464	3,249.41	189,973.51	176,675.36	
2.120	3,249.08	6,888.05	6,405.89	
1.415	3,249.05	4,597.41	4,275.59	
3.620	3,249.07	11,761.63	10,938.32	

TOTAL ON ROLL	1466.589	$	812,849	$	755,949	

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%	525,000	139,400	-	
11/01/25	4,280,000	5.250%	-	125,619	790,019	
05/01/26	4,280,000	5.750%	510,000	125,619		
11/01/26	3,770,000	5.750%	-	110,956	746,575	
05/01/27	3,770,000	5.750%	540,000	110,956		
11/01/27	3,230,000	5.750%	-	95,431	746,388	
05/01/28	3,230,000	5.750%	570,000	95,431		
11/01/28	2,660,000	5.750%	-	79,044	744,475	
05/01/29	2,660,000	5.750%	605,000	79,044		
11/01/29	2,055,000	6.000%	-	61,650	745,694	
05/01/30	2,055,000	6.000%	645,000	61,650		
11/01/30	1,410,000	6.000%	-	42,300	748,950	
05/01/31	1,410,000	6.000%	685,000	42,300		
11/01/31	725,000	6.000%	-	21,750	749,050	
05/01/32	725,000	6.000%	725,000	21,750	746,750	

TOTAL	$	9,855,000	$	5,834,224	$	15,689,224	

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

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

REVENUES:

Special Assessments-On Roll	$	565,965	$	478,693	$	-	$	478,693	$	500,662	
Special Assessments-Direct St Joe	740,129	517,280	221,692	738,972	712,537	
Special Assessments-Prepayments	-	109,126	-	109,126	-	
Interest Earnings	15,000	34,075	5,925	40,000	20,000	
Carry Forward Surplus (1)	404,597	482,781	-	482,781	458,541	

TOTAL REVENUES	$	1,725,691	$	1,621,955	$	227,617	$	1,849,572	$	1,691,740	

EXPENDITURES:

Interest - 11/1	$	341,878	$	318,638	$	-	$	318,638	$	300,816	
Special Call - 11/1	-	50,000	-	50,000	-	
Interest - 5/1	341,878	317,394	-	317,394	300,816	
Principal - 5/1	630,000	580,000	-	580,000	605,000	
Special Call - 5/1	-	125,000	-	125,000	-	

TOTAL EXPENDITURES	$	1,313,756	$	1,391,031	$	-	$	1,391,031	$	1,206,631	

TOTAL EXPENDITURES	$	1,313,756	$	1,391,031	$	-	$	1,391,031	$	1,206,631	

EXCESS REVENUES (EXPENDITURES)	$	411,934	$	230,924	$	227,617	$	458,541	$	485,109	

Interest Due 11/1/26	$	286,825	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable
Units	FY26
Gross Per Unit	Total Gross Assessment	Total Net Assessment	

Appartments	
ACLF	
Townhomes	
Single Family 40s	
Single Family 55s	
Single Family 65s	
Single Family 75s	
Single Family 85s	
Single Family 90s	
Single Family 100s	
1/2 Acre	
Cottages	

586	$	326.50	$	191,329.00	$	177,935.97	
101	156.69	15,825.69	14,717.89	
0	297.62	-	-	
151	346.64	52,342.64	48,678.66	
154	421.04	64,840.16	60,301.35	
144	519.95	74,872.80	69,631.70	
76	594.36	45,171.36	42,009.36	
34	644.25	21,904.50	20,371.19	
26	693.71	18,036.46	16,773.91	
44	743.17	32,699.48	30,410.52	
21	891.99	18,731.79	17,420.56	
0.75	3,456.73	2,592.55	2,411.07	

TOTAL ON ROLL	1337.75	$	538,346	$	500,662	

DEVELOPABLE ACRES	397.25	$	1,794	$	766,169	$	712,537	

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%	705,000	317,119		
11/01/25	11,925,000		-	300,816	1,322,934	
05/01/26	11,925,000	4.625%	605,000	300,816		
11/01/26	11,320,000		-	286,825	1,192,641	
05/01/27	11,320,000	4.625%	635,000	286,825		
11/01/27	10,685,000		-	272,141	1,193,966	
05/01/28	10,685,000	4.625%	665,000	272,141		
11/01/28	10,020,000		-	256,763	1,193,903	
05/01/29	10,020,000	5.125%	695,000	256,763		
11/01/29	9,325,000		-	238,953	1,190,716	
05/01/30	9,325,000	5.125%	735,000	238,953		
11/01/30	8,590,000		-	220,119	1,194,072	
05/01/31	8,590,000	5.125%	770,000	220,119		
11/01/31	7,820,000		-	200,388	1,190,506	
05/01/32	7,820,000	5.125%	810,000	200,388		
10/31/32	7,010,000		-	179,631	1,190,019	
05/01/33	7,010,000	5.125%	855,000	179,631		
11/01/33	6,155,000		-	157,722	1,192,353	
05/01/34	6,155,000	5.125%	900,000	157,722		
11/01/34	5,255,000		-	134,659	1,192,381	
05/01/35	5,255,000	5.125%	945,000	134,659		
11/01/35	4,310,000		-	110,444	1,190,103	
04/30/36	4,310,000	5.125%	995,000	110,444		
10/31/36	3,315,000		-	84,947	1,190,391	
05/01/37	3,315,000	5.125%	1,050,000	84,947		
10/31/37	2,265,000		-	58,041	1,192,988	
05/01/38	2,265,000	5.125%	1,105,000	58,041		
11/01/38	1,160,000		-	29,725	1,192,766	
05/01/39	1,160,000	5.125%	1,160,000	29,725	1,189,725	

TOTAL	$	16,935,000	$	10,387,360	$	27,322,360	

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

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

REVENUES:

Special Assessments-On Roll	$	274,147	$	276,097	$	-	$	276,097	$	274,147	
Interest Earnings	5,000	9,239	761	10,000	5,000	
Carry Forward Surplus (1)	56,111	73,017	-	73,017	51,319	

TOTAL REVENUES	$	335,258	$	358,353	$	761	$	359,114	$	330,466	

EXPENDITURES:

Interest - 11/1	$	36,570	$	36,455	$	-	$	36,455	$	31,050	
Special Call - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	36,570	36,340	-	36,340	31,050	
Principal - 5/1	200,000	195,000	-	195,000	200,000	
Special Call - 5/1	-	35,000	-	35,000	-	

TOTAL EXPENDITURES	$	273,140	$	307,795	$	-	$	307,795	$	262,100	

TOTAL EXPENDITURES	$	273,140	$	307,795	$	-	$	307,795	$	262,100	

EXCESS REVENUES (EXPENDITURES)	$	62,118	$	50,558	$	761	$	51,319	$	68,366	

Interest Due 11/1/26	$	26,450	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable
Units	FY26
Gross Per Unit	Total Gross Assessment	Total Net Assessment	

Appartments	
Golf Club	
Catholic School	
Commercial	
Commercial-2	

241	$	349.80	$	84,301.80	$	78,400.67	
1	21,400.59	21,400.59	19,902.55	
1	20,520.07	20,520.07	19,083.67	
43.37	3,690.94	160,083.45	148,877.61	
3.84	2,207.33	8,476.15	7,882.82	

TOTAL ON ROLL	290	$	294,782	$	274,147	

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%	230,000	36,340		
11/01/25	1,350,000		-	31,050	297,390	
05/01/26	1,350,000	4.600%	200,000	31,050		
11/01/26	1,150,000		-	26,450	257,500	
05/01/27	1,150,000	4.600%	210,000	26,450		
11/01/27	940,000		-	21,620	258,070	
05/01/28	940,000	4.600%	220,000	21,620		
11/01/28	720,000		-	16,560	258,180	
05/01/29	720,000	4.600%	230,000	16,560		
11/01/29	490,000		-	11,270	257,830	
05/01/30	490,000	4.600%	240,000	11,270		
11/01/30	250,000		-	5,750	257,020	
05/01/31	250,000	4.600%	250,000	5,750	255,750	

TOTAL	$	2,675,000	$	907,249	$	3,582,249	

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

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

REVENUES:

Special Assessments-On Roll	$	318,937	$	321,091	$	-	$	321,091	$	318,937	
Interest Earnings	2,750	6,186	314	6,500	3,250	
Carry Forward Surplus (1)	50,731	62,363	-	62,363	69,079	

TOTAL REVENUES	$	372,419	$	389,640	$	314	$	389,954	$	391,266	

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	$	320,875	$	-	$	320,875	$	319,125	

TOTAL EXPENDITURES	$	320,875	$	320,875	$	-	$	320,875	$	319,125	

EXCESS REVENUES (EXPENDITURES)	$	51,544	$	68,765	$	314	$	69,079	$	72,141	

Interest Due 11/1/26	$	18,625	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable
Units	FY26
Gross Per Unit	Total Gross Assessment	Total Net Assessment	

Townhomes	
Townhomes-1	
Single Family 30s	
Single Family 40s	
Single Family 55s	
Single Family 55s-1	
Single Family 65s	
Single Family 65s-1	
Single Family 75s	
Single Family 75s-1	
Single Family 100s	
Single Family 100s-1	
1/2 acre	
1/2 acre-1	
1 acre	
1acre-1	

60	$	215.13	$	12,907.80	$	12,004.25	
110	258.87	28,475.70	26,482.40	
53	282.54	14,974.62	13,926.40	
28	302.61	8,473.08	7,879.96	
28	304.76	8,533.28	7,935.95	
82	367.13	30,104.66	27,997.33	
42	376.47	15,811.74	14,704.92	
69	453.20	31,270.80	29,081.84	
34	430.26	14,628.84	13,604.82	
43	518.46	22,293.78	20,733.22	
32	537.82	17,210.24	16,005.52	
89	647.54	57,631.06	53,596.89	
22	645.39	14,198.58	13,204.68	
44	777.33	34,202.52	31,808.34	
25	842.59	21,064.75	19,590.22	
11	1,014.69	11,161.59	10,380.28	

TOTAL ON ROLL	772	$	342,943	$	318,937	

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	586	241	0	$	275.70	$	262.91	$	12.80	$	306.34	$	326.50	$	349.80	$	-	$	306.34	$	326.50	$	349.80	$	-	$	-	$  1,258.34	$  1,245.55	$	12.80	4.87%	
Townhomes	298	82	0	0	60	$	265.31	$	252.99	$	12.31	$	279.26	$	297.62	$	-	$	215.13	$	279.26	$	297.62	$	-	$	215.13	$	-	$  1,057.32	$  1,045.00	$	12.31	4.87%	
Townhomes-1	0	0	0	0	110	$	-	$	-	$	-	$	-	$	-	$	-	$	258.87	$	-	$	-	$	-	$	258.87	$	-	$	258.87	$	258.87	$	-		
Duplex	0	0	0	0	0	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-		
Single Family 30s	53	0	0	0	53	$	290.58	$	277.09	$	13.49	$	-	$	-	$	-	$	282.54	$	-	$	-	$	-	$	282.54	$	-	$	573.12	$	559.63	$	13.49	4.87%	
Single Family 40s	332	153	151	0	28	$	309.53	$	295.16	$	14.37	$	326.45	$	346.64	$	-	$	302.61	$	326.45	$	346.64	$	-	$	302.61	$	-	$  1,285.23	$  1,270.86	$	14.37	4.87%	
Single Family 55s	371	107	154	0	28	$	375.84	$	358.40	$	17.44	$	396.08	$	421.04	$	-	$	304.76	$	396.08	$	421.04	$	-	$	304.76	$	-	$  1,497.72	$  1,480.28	$	17.44	4.87%	
Single Family 55s-1	0	0	0	0	82	$	-	$	-	$	-	$	-	$	-	$	-	$	367.13	$	-	$	-	$	-	$	367.13	$	-	$	367.13	$	367.13	$	-		
Single Family 65s	382	127	144	0	42	$	464.28	$	442.74	$	21.55	$	488.91	$	519.95	$	-	$	376.47	$	488.91	$	519.95	$	-	$	376.47	$	-	$  1,849.61	$  1,828.07	$	21.55	4.87%	
Single Family 65's-1	0	0	0	0	69	$	-	$	-	$	-	$	-	$	-	$	-	$	453.20	$	-	$	-	$	-	$	453.20	$	-	$	453.20	$	453.20	$	-		
Single Family 75s	209	56	76	0	34	$	530.60	$	505.98	$	24.63	$	559.30	$	594.36	$	-	$	430.26	$	559.30	$	594.36	$	-	$	430.26	$	-	$  2,114.52	$  2,089.90	$	24.63	4.87%	
Single Family 75s-1	0	0	0	0	43	$	-	$	-	$	-	$	-	$	-	$	-	$	518.46	$	-	$	-	$	-	$	518.46	$	-	$	518.46	$	518.46	$	-		
Single Family 85s	111	77	34	0	0	$	577.47	$	550.67	$	26.80	$	605.72	$	644.25	$	-	$	-	$	605.72	$	644.25	$	-	$	-	$	-	$  1,827.44	$  1,800.64	$	26.80	4.87%	
Single Family 90s	26	0	26	0	0	$	652.73	$	622.44	$	30.29	$	-	$	693.71	$	-	$	-	$	-	$	693.71	$	-	$	-	$	-	$  1,346.44	$  1,316.15	$	30.29	4.87%	
Single Family 100s	205	40	44	0	32	$	663.27	$	632.49	$	30.78	$	698.55	$	743.17	$	-	$	537.82	$	698.55	$	743.17	$	-	$	537.82	$	-	$  2,642.81	$  2,612.03	$	30.78	4.87%	
Single Family 100s-1	0	0	0	0	89	$	-	$	-	$	-	$	-	$	-	$	-	$	647.54	$	-	$	-	$	-	$	647.54	$	-	$	647.54	$	647.54	$	-		
1/2 Ac	160	73	21	0	22	$	795.93	$	758.99	$	36.94	$	838.57	$	891.99	$	-	$	645.39	$	838.57	$	891.99	$	-	$	645.39	$	-	$  3,171.88	$  3,134.94	$	36.94	4.87%	
1/2 Ac-1	0	0	0	0	44	$	-	$	-	$	-	$	-	$	-	$	-	$	777.33	$	-	$	-	$	-	$	777.33	$	-	$	777.33	$	777.33	$	-		
1Ac	40	3	0	0	25	$  1,039.13	$	990.90	$	48.23	$  1,094.64	$	-	$	-	$	842.59	$  1,094.64	$	-	$	-	$	842.59	$	-	$  2,976.36	$  2,928.13	$	48.23	4.87%	
1Ac-1	0	0	0	0	11	$	-	$	-	$	-	$	-	$	-	$	-	$  1,014.69	$	-	$	-	$	-	$  1,014.69	$	-	$  1,014.69	$  1,014.69	$	-		
ACLF	101	0	101	0	0	$	139.24	$	132.77	$	6.46	$	-	$	156.69	$	-	$	-	$	-	$	156.69	$	-	$	-	$	-	$	295.93	$	289.46	$	6.46	4.87%	
																						
Blended Commercial	143.516	28.97	0	0	0	$  3,096.01	$  2,952.32	$	143.69	$  1,779.79	$	-	$	-	$	-	$  1,779.79	$	-	$	-	$	-	$	-	$  4,875.80	$  4,732.11	$	143.69	4.87%	
Blended Commercial	0	58.464	0	0	0	$	-	$	-	$	-	$  3,249.41	$	-	$	-	$	-	$  3,249.41	$	-	$	-	$	-	$	-	$  3,249.41	$  3,249.41	$	-		
Blended Commercial	0	2.12	0	0	0	$	-	$	-	$	-	$  3,249.08	$	-	$	-	$	-	$  3,249.08	$	-	$	-	$	-	$	-	$  3,249.08	$  3,249.08	$	-		
Blended Commercial	0	1.415	0	0	0	$	-	$	-	$	-	$  3,249.05	$	-	$	-	$	-	$  3,249.05	$	-	$	-	$	-	$	-	$  3,249.05	$  3,249.05	$	-		
Blended Commercial	0	3.62	0	0	0	$	-	$	-	$	-	$  3,249.07	$	-	$	-	$	-	$  3,249.07	$	-	$	-	$	-	$	-	$  3,249.07	$  3,249.07	$	-		
Golf Club	1	0	0	1	0	$ 17,001.44	$ 16,212.38	$	789.06	$	-	$	-	$ 21,400.59	$	-	$	-	$	-	$ 21,400.59	$	-	$	-	$ 38,402.03	$ 37,612.97	$	789.06	4.87%	
Catholic School	1	0	0	1	0	$ 16,308.85	$	-	$ 16,308.85	$	-	$	-	$ 20,520.07	$	-	$	-	$	-	$ 20,520.07	$	-	$	-	$ 36,828.92	$ 20,520.07	$ 16,308.85		
Southwood House	0.39	0	0	0	0	$  3,096.01	$  2,952.32	$	143.69	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  3,096.01	$  2,952.32	$	143.69	4.87%	
Cottages	0	0	0.75	0	0	$	-	$	-	$	-	$	-	$  3,456.73	$	-	$	-	$	-	$  3,456.73	$	-	$	-	$	-	$  3,456.73	$  3,456.73	$	-		
Commercial	0	0	0	43.372	0	$	-	$	-	$	-	$	-	$	-	$  3,690.94	$	-	$	-	$	-	$  3,690.94	$	-	$	-	$  3,690.94	$  3,690.94	$	-		
Commercial-2	0	0	0	3.84	0	$	-	$	-	$	-	$	-	$	-	$  2,207.33	$	-	$	-	$	-	$  2,207.33	$	-	$	-	$  2,207.33	$  2,207.33	$	-		
Total	4178.91	1466.59	1337.75	290.212	772																	

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