Lakefront Estates 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

IV

ASSESSMENT COMPARISON

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

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O&M Assessments

122,646

Developer Contribution

0

Debt Assessments

726,435

Interest Income

180

TOTAL REVENUES

$	849,261

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

Management

36,972

Legal

21,000

Assessment Roll

5,000

Audit Fees

4,700

Arbitrage Rebate Fee

650

Insurance

6,200

Legal Advertisements

6,000

Miscellaneous

1,518

Postage

300

Office Supplies

1,500

Dues & Subscriptions

175

Website Management

3,000

Trustee Fees

4,500

Continuing Disclosure Fee

1,000

Dissemination Services

3,500

Total Administrative Expenditures

$	96,015

Maintenance Expenditures

Engineering/Inspections

10,000

Miscellaneous Maintenance

7,000

Field Operations

0

Total Maintenance Expenditures

$	17,000

TOTAL EXPENDITURES

$	113,015

REVENUES LESS EXPENDITURES

$	736,246

Bond Payments

(668,320)

BALANCE

$	67,926

County Appraiser & Tax Collector Fee

(22,642)

Discounts For Early Payments

(45,284)

EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
LAKEFRONT ESTATES 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

0

0

122,646

Expenditures Less Interest & Carryover/.92

Developer Contribution

58,438

119,705

0

Debt Assessments

0

0

726,435

Bond Payments/.92

Interest Income

452

120

180

Interest Projected At $15 Per Month

TOTAL REVENUES

$	58,890

$	119,825

$	849,261

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

Management

36,000

36,000

36,972

CPI Adjustment

Legal

4,706

35,000

21,000

$14,000 Decrease From 2025/2026 Budget

Assessment Roll

0

0

5,000

As Per Contract

Audit Fees

3,500

4,100

4,700

Fee Will Increase Due To Bond Issue

Arbitrage Rebate Fee

0

0

650

Commences In Fiscal Year Following Issuing Of Bond

Insurance

5,200

6,000

6,200

Fiscal Year 2025/2026 Expenditure Was $5,512

Legal Advertisements

1,506

20,000

6,000

$14,000 Decrease From 2025/2026 Budget

Miscellaneous

674

1,500

1,518

$18 Increase From 2025/2026 Budget

Postage

9

300

300

No Change From 2025/2026 Budget

Office Supplies

253

1,750

1,500

$250 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

Annual Fee Due Department Of Economic Opportunity

Website Management

3,000

3,000

3,000

No Change From 2025/2026 Budget

Trustee Fees

0

0

4,500

Commences In Fiscal Year Following Issuing Of Bond

Continuing Disclosure Fee

0

0

1,000

Commences In Fiscal Year Following Issuing Of Bond

Dissemination Services

0

0

3,500

Required By Bond Underwriter

Total Administrative Expenditures

$	55,023

$	107,825

$	96,015

Maintenance Expenditures

Engineering/Inspections

4,243

10,000

10,000

No Change From 2025/2026 Budget

Miscellaneous Maintenance

0

2,000

7,000

$5,000 Increase From 2025/2026 Budget

Field Operations

0

0

0

Total Maintenance Expenditures

$	4,243

$	12,000

$	17,000

TOTAL EXPENDITURES

$	59,266

$	119,825

$	113,015

REVENUES LESS EXPENDITURES

$	(376)

$	-

$	736,246

Bond Payments

0

0

(668,320)

2027 Principal & Interest Payments

BALANCE

$	(376)

$	-

$	67,926

County Appraiser & Tax Collector Fee

0

0

(22,642)

Four Percent Of Total Assessment Roll

Discounts For Early Payments

0

0

(45,284)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	(376)

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2025)
LAKEFRONT ESTATES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2025 Bond Information

Original Par Amount =

$8,990,000

Annual Principal Payments Due =

May 1st

Interest Rate =

4.375% - 6.00%

Annual Interest Payments Due =

May 1st & November 1st

Issue Date =

December 2025

Maturity Date =

May 2056

Par Amount As Of 1/1/26 =

$8,990,000

III

2/11/2026 9:51 AM

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

0

0

100

Projected Interest For 2026/2027

NAV Tax Collection

0

0

668,320

Maximum Debt Service Collection

Debt - Direct Bill

0

0

0

Total Revenues

$	-

$	-

$	668,420

EXPENDITURES

Principal Payments

0

0

120,000

Principal Payment Due In 2027

Interest Payments

0

0

518,431

Interest Payment Due In 2027

Bond Redemption

0

-

29,989

Estimated Excess Debt Collections

Total Expenditures

$	-

$	-

$	668,420

Excess/ (Shortfall)

$	-

$	-

$	-

LAKEFRONT ESTATES COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
	Projected Assessment*	

O & M For Ranch Units Debt (2025) For Ranch Units
Total For Ranch Units

$

-

$

-

$
$

300.00
1,962.06

 $	- 

 $	- 

$

-

$

-

$

2,262.06

O & M For Duplex Units Debt (2025) For Duplex Units
Total For Duplex Units

$

-

$

-

$
$

300.00
2,966.04

 $	- 

 $	- 

$

-

$

-

$

3,266.04

O & M For Emerald Units Debt (2025) For Emerald Units
Total For Emerald Units

$

-

$

-

$
$

300.00
3,260.57

 $	- 

 $	- 

$

-

$

-

$

3,560.57

O & M For Luxor Units Debt (2025) For Luxor Units
Total For Luxor Units

$

-

$

-

$
$

300.00
3,900.72

 $	- 

 $	- 

$

-

$

-

$

4,200.72

O & M For Majestic Units Debt (2025) For Majestic Units
Total For Majestic Units

$

-

$

-

$
$

300.00
5,043.31

 $	- 

 $	- 

$

-

$

-

$

5,343.31

O & M For Town Home Units Debt (2025) For Town Home Units
Total For Town Home Units

$

-

$

-

$
$

300.00
2,042.62

 $	- 

 $	- 

$

-

$

-

$

2,342.62

O & M For Commercial (Religious) Units Debt (2025) For Commercial (Religious) Units
Total For Commercial (Religious) Units

$

-

$

-

$
$

300.00
326.06

 $	- 

 $	- 

$

-

$

-

$

626.06

O & M For Commercial (Other Uses) Units Debt (2025) For Commercial (Other Uses) Units
Total For Commercial (Other Uses) Units

$

-

$

-

$
$

300.00
652.11

 $	- 

 $	- 

$

-

$

-

$

952.11

Residential Units Ranch: 22
Duplex: 42
Emerald: 86
Luxor: 19
Majestic: 4
	Town Home: 26	
Total: 199

Community Information:
Residential Units: 199 Commercial (Religious) Units*: 18.23
Commercial (Other Uses) Units*: 191.61 Total:	408.84 Units

Assessments Include:
4% Discount for Early Payments 2% County Tax Collector Fee
2% County Property Appraiser Fee

* Per Square Feet

IV

2/11/2026 9:51 AM