Yarborough Lane
Community Development District

Proposed Budget
FY2027

Table of Contents

1-2

3-7

8

General Fund

General Fund Narrative

Series 2024 Debt Service Fund

9-10	Series 2024 Amortization Schedule

	Adopted
Budget	Actuals
Thru	Projected
Next	Total
Thru	Proposed
Budget	
Description		FY2026	2/28/26	7 Months	9/30/26	FY2027	
Revenues							
Assessments	$	-	$	-	$	-	$	-	$	463,774	
Assessments - Direct	$	-	$	-	$	-	$	-	$	85,747	
Developer Contributions	$	551,603	$	35,000	$	82,876	$	117,876	$	-	
Interest	$	-	$	46	$	-	$	46	$	-	
Total Revenues	$	551,603	$	35,046	$	82,876	$	117,922	$	549,521	
Expenditures							
General & Administrative							
Supervisor Fees	$	12,000	$	1,600	$	7,000	$	8,600	$	12,000	
FICA Expenditures	$	918	$	122	$	536	$	658	$	918	
Engineering	$	15,000	$	425	$	14,575	$	15,000	$	15,000	
Attorney	$	25,000	$	3,692	$	14,583	$	18,276	$	25,000	
Annual Audit	$	6,100	$	5,100	$	-	$	5,100	$	6,700	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,000	
Arbitrage	$	900	$	450	$	-	$	450	$	900	
Dissemination	$	6,150	$	2,146	$	3,004	$	5,150	$	6,408	
Disclosure Software	$	5,000	$	2,500	$	-	$	2,500	$	5,000	
Trustee Fees	$	9,000	$	-	$	4,434	$	4,434	$	9,000	
Management Fees	$	40,556	$	16,898	$	23,658	$	40,556	$	42,584	
Information Technology	$	1,947	$	811	$	1,136	$	1,947	$	2,044	
Website Maintenance	$	1,298	$	541	$	757	$	1,298	$	1,363	
Postage & Delivery	$	1,000	$	51	$	583	$	634	$	1,000	
Insurance	$	7,434	$	5,732	$	-	$	5,732	$	6,305	
Copies	$	1,000	$	190	$	583	$	773	$	1,000	
Legal Advertising	$	10,000	$	1,030	$	4,500	$	5,530	$	6,000	
Other Current Charges	$	2,500	$	281	$	455	$	736	$	2,500	
Office Supplies	$	625	$	8	$	365	$	373	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	151,603	$	41,753	$	76,169	$	117,922	$	149,521	

Adopted Budget
Description	FY2026	Actuals Thru 2/28/26	Projected Next
7 Months	Total Thru 9/30/26	Proposed Budget FY2027	
Operations & Maintenance
Property Insurance	$	-	$	
-	$	
-	$		
-	$	10,000	
Field Management	$	-	$	-	$	-	$		-	$	15,000	
Landscape Maintenance	$	-	$	-	$	-	$		-	$	85,000	
Landscape Contingency	$	-	$	-	$	-	$		-	$	25,000	
Electric	$	-	$	-	$	-	$		-	$	2,500	
Streetlights	$	-	$	-	$	-	$		-	$	35,000	
Water & Sewer	$	-	$	-	$	-	$		-	$	25,000	
Irrigation Repairs	$	-	$	-	$	-	$		-	$	7,500	
General Repairs & Maintenance	$	-	$	-	$	-	$		-	$	15,000	
Holiday Décor	$	-	$	-	$	-	$		-	$	7,500	
Field Contingency	$	250,000	$	-	$	-	$		-	$	22,500	
Total Operations & Maintenance:	$	250,000	$	-	$	-	$		-	$	250,000	

Amenities
Amenity - Electric	$	-	$	

-	$	

-	$		

-	$	24,000	
Amenity - Water	$	-	$	-	$	-	$		-	$	10,000	
Internet	$	-	$	-	$	-	$		-	$	1,500	
Pest Control	$	-	$	-	$	-	$		-	$	1,600	
Janitorial Services	$	-	$	-	$	-	$		-	$	14,000	
Security Services	$	-	$	-	$	-	$		-	$	30,000	
Pool Maintenance	$	-	$	-	$	-	$		-	$	24,500	
Amenity Access Management	$	-	$	-	$	-	$		-	$	12,500	
Amenity Repairs & Maintenance	$	-	$	-	$	-	$		-	$	15,000	
Amenity Contingency	$	150,000	$	-	$	-	$		-	$	16,900	
Total Amenities:	$	150,000	$	-	$	-	$		-	$	150,000	

Excess Revenues/(Expenditures)	$	-	$	(6,707)  $	6,707	$	-	$	-

Total Expenditures	$	551,603	$	41,753	$	76,169	$	117,922	$	549,521

Net Assessments	$463,774	
Add: Discounts & Collections 7%	$34,908	
Gross Assessments	$498,682	

Product Type	Assessable Units	ERU/Unit	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1 - Platted	238	1.00	238.00	$463,774.31	$1,948.63	$2,095.30	
Phase 2 - Admin Only	320	0.14	44.00	$85,746.97	$267.96	$288.13	
	558		282.00	$549,521.29			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expenditures

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District has contracted with AMTEC to annually calculate the District’s Arbitrage Rebate Liability on its Series 2024 bond issuance and anticipates this cost with future bond issuances.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This service is contracted with Governmental Management Services – Central FL LLC for its current Series 2024 bond issuance and anticipated bond issuances.

Disclosure Software

The District has contracted with DTS to provide software platform for filing various reports required in accordance with the Continuing Disclosure Agreements for the various bond issue(s).

Trustee Fees

The District will incur trustee related costs with the issuance of its Series 2024 bond and anticipated issuances with US Bank.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology with Governmental Management Services–Central Florida, LLC for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs with Governmental Management Services–Central Florida LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages with Florida Insurance Alliance.

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Commerce for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Contingency

Represents the estimated cost of replacing landscaping within the common areas of the District.

Electric

Represents estimated electric charges of common areas throughout the District.

Streetlights

Represents the cost to maintain streetlights within the District Boundaries that are expected to be in place throughout the fiscal year.

Water & Sewer

Represents estimated costs for water and refuse services provided for common areas throughout the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting, and other assets.

Holiday Décor

Represents the estimated cost of adding holiday décor to the District’s entry monuments.

Field Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Internet

Internet service will be added for use at the Amenity Facilities.

Pest Control

Represents estimated cost for pest control treatments to its amenity facilities.

Janitorial Services

Represents the estimated costs to provide janitorial services weekly and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool.

Amenity Access Management

Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Proposed Budget
Debt Service Fund Series 2024

Description	Adopted Budget
FY2026	Actuals Thru
2/28/26	Projected Next
7 Months	Total Thru
9/30/26	Proposed Budget
FY2027	

Revenues						
Assessments	$	853,758	$	-	$	847,676	$	847,676	$	847,175	
Assessments- Prepayments	$	-	$	-	$	2,192	$	2,192	$	-	
Interest	$	27,761	$	15,639	$	18,767	$	34,406	$	17,203	
Carry Forward Surplus	$	370,708	$	356,428	$	-	$	356,428	$	368,942	
Total Revenues	$	1,252,228	$	372,067	$	868,635	$	1,240,702	$	1,233,320	

Expenditures						
Interest - 11/1	$	339,519	$	339,519	$	-	$	339,519	$	335,363	
Principal - 5/1	$	175,000	$	-	$	175,000	$	175,000	$	185,000	
Interest - 5/1	$	339,519	$	-	$	339,519	$	339,519	$	335,363	
Total Expenditures	$	854,038	$	339,519	$	514,519	$	854,038	$	855,725	
						
Excess Revenues/(Expenditures)	$	398,190	$	32,548	$	354,116	$	386,664	$	377,595	

Other Financing Sources/(Uses):						
Transfer In/(Out)	$	-	$	(17,722)	$	-	$	(17,722)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(17,722)	$	-	$	(17,722)	$	-	
						
Net Change in Fund Balance	$	398,190	$	14,826	$	354,116	$	368,942	$	377,595	
				
Interest - 11/1/27	
$	330,969	

Product	Assessable Units	Maximum Annual	Net Assessment	Gross Assessment	
Single Family 40'	48	$	136,715	$	2,848	$	3,063	
Single Family 50' - PD	1	$	1,250	$	1,250	$	1,344	
Single Family 50'	133	$	491,320	$	3,694	$	3,972	
Single Family 60'	57	$	217,890	$	3,823	$	4,110	
	239	$	847,175			

11/01/26	$	12,325,000.00	$	-	$	335,362.50	$	849,881.25	
05/01/27	$	12,325,000.00	$	185,000.00	$	335,362.50			
11/01/27	$	12,140,000.00	$	-	$	330,968.75	$	851,331.25	
05/01/28	$	12,140,000.00	$	195,000.00	$	330,968.75			
11/01/28	$	11,945,000.00	$	-	$	326,337.50	$	852,306.25	
05/01/29	$	11,945,000.00	$	205,000.00	$	326,337.50			
11/01/29	$	11,740,000.00	$	-	$	321,468.75	$	852,806.25	
05/01/30	$	11,740,000.00	$	215,000.00	$	321,468.75			
11/01/30	$	11,525,000.00	$	-	$	316,362.50	$	852,831.25	
05/01/31	$	11,525,000.00	$	225,000.00	$	316,362.50			
11/01/31	$	11,300,000.00	$	-	$	311,018.75	$	852,381.25	
05/01/32	$	11,300,000.00	$	235,000.00	$	311,018.75			
11/01/32	$	11,065,000.00	$	-	$	304,732.50	$	850,751.25	
05/01/33	$	11,065,000.00	$	250,000.00	$	304,732.50			
11/01/33	$	10,815,000.00	$	-	$	298,045.00	$	852,777.50	
05/01/34	$	10,815,000.00	$	260,000.00	$	298,045.00			
11/01/34	$	10,555,000.00	$	-	$	291,090.00	$	849,135.00	
05/01/35	$	10,555,000.00	$	275,000.00	$	291,090.00			
11/01/35	$	10,280,000.00	$	-	$	283,733.75	$	849,823.75	
05/01/36	$	10,280,000.00	$	290,000.00	$	283,733.75			
11/01/36	$	9,990,000.00	$	-	$	275,976.25	$	849,710.00	
05/01/37	$	9,990,000.00	$	310,000.00	$	275,976.25			
11/01/37	$	9,680,000.00	$	-	$	267,683.75	$	853,660.00	
05/01/38	$	9,680,000.00	$	325,000.00	$	267,683.75			
11/01/38	$	9,355,000.00	$	-	$	258,990.00	$	851,673.75	
05/01/39	$	9,355,000.00	$	345,000.00	$	258,990.00			
11/01/39	$	9,010,000.00	$	-	$	249,761.25	$	853,751.25	
05/01/40	$	9,010,000.00	$	360,000.00	$	249,761.25			
11/01/40	$	8,650,000.00	$	-	$	240,131.25	$	849,892.50	
05/01/41	$	8,650,000.00	$	380,000.00	$	240,131.25			
11/01/41	$	7,870,000.00	$	-	$	229,966.25	$	850,097.50	
05/01/42	$	6,995,000.00	$	400,000.00	$	229,966.25			
11/01/42	$	6,995,000.00	$	-	$	219,266.25	$	849,232.50	
05/01/43	$	6,995,000.00	$	425,000.00	$	219,266.25			
11/01/43	$	6,995,000.00	$	-	$	207,897.50	$	852,163.75	
05/01/44	$	6,995,000.00	$	450,000.00	$	207,897.50			
11/01/44	$	6,995,000.00	$	-	$	195,860.00	$	853,757.50	
05/01/45	$	6,995,000.00	$	475,000.00	$	195,860.00			
11/01/45	$	6,520,000.00	$	-	$	182,560.00	$	853,420.00	
05/01/46	$	6,520,000.00	$	500,000.00	$	182,560.00			
11/01/46	$	6,020,000.00	$	-	$	168,560.00	$	851,120.00	

05/01/47	$	6,020,000.00	$	530,000.00	$	168,560.00			
11/01/47	$	5,490,000.00	$	-	$	153,720.00	$	852,280.00	
05/01/48	$	5,490,000.00	$	560,000.00	$	153,720.00			
11/01/48	$	4,930,000.00	$	-	$	138,040.00	$	851,760.00	
05/01/49	$	4,930,000.00	$	590,000.00	$	138,040.00			
11/01/49	$	4,340,000.00	$	-	$	121,520.00	$	849,560.00	
05/01/50	$	4,340,000.00	$	625,000.00	$	121,520.00			
11/01/50	$	3,715,000.00	$	-	$	104,020.00	$	850,540.00	
05/01/51	$	3,715,000.00	$	660,000.00	$	104,020.00			
11/01/51	$	3,055,000.00	$	-	$	85,540.00	$	849,560.00	
05/01/52	$	3,055,000.00	$	700,000.00	$	85,540.00			
11/01/52	$	2,355,000.00	$	-	$	65,940.00	$	851,480.00	
05/01/53	$	2,355,000.00	$	740,000.00	$	65,940.00	$	-	
11/01/53	$	1,615,000.00	$	-	$	45,220.00	$	851,160.00	
05/01/54	$	1,615,000.00	$	785,000.00	$	45,220.00	$	-	
11/01/54	$	830,000.00	$	-	$	23,240.00	$	853,460.00	
05/01/55	$	830,000.00	$	830,000.00	$	23,240.00	$	853,240.00	
			$	12,325,000.00	$	12,706,025.00	$	25,545,543.75