Seaton Creek Reserve
Community Development District

FY 2026
Adopted Budget
July 10, 2025

	Table of Contents	

1-2

3-7

8

9

	General Fund Budget

	General Fund Budget Narrative

	Debt Service Fund Budget - Series 2023

	Amortization Schedule - Series 2023

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	
 Description	FY 2025			5/31/25		  4 Months		  9/30/25			FY 2026		

Revenues						
Maintenance Assessments - Levy (On Roll)	$412,895	$224,161	$4,304	$228,466	$528,333	
Maintenance Assessments - Levy (Off Roll)	$0	$141,033	$47,011	$188,045	$0	
Developer Contributions	$0	$0	$14,000	$14,000	$26,076	
TOTAL REVENUES	$412,895	$365,195	$65,316	$430,510	$554,409	
Expenditures						
Legislative						
Supervisor Fees	$7,200	$3,000	$3,000	$6,000	$7,200	
Payroll Taxes	$0	$92	$230	$321	$551	
TOTAL LEGISLATIVE	$7,200	$3,092	$3,230	$6,321	$7,751	

Financial & Administrative						
Engineering	$10,000	$5,213	$2,606	$7,819	$10,000	
Attorney	$15,000	$2,452	$2,500	$4,952	$9,000	
Dissemination	$5,000	$4,000	$1,667	$5,667	$5,000	
Assessment Roll	$8,500	$300	$0	$300	$2,500	
Arbitrage Rebate Reporting	$1,500	$0	$600	$600	$1,500	
Annual Audit	$4,000	$5,600	$0	$5,600	$5,800	
Trustee Fees	$4,000	$3,547	$0	$3,547	$4,348	
Management Fees	$41,500	$21,700	$15,300	$37,000	$45,900	
Information Technology	$1,200	$100	$133	$233	$800	
Postage/Office Supplies	$600	$173	$86	$259	$600	
Rentals and Leases	$0	$750	$300	$1,050	$1,800	
Insurance General Liability/Public Officials	$5,720	$5,408	$0	$5,408	$5,949	
Legal Advertising	$3,500	$422	$850	$1,272	$3,500	
Other Current Charges	$1,450	$163	$82	$245	$1,450	
Bank Fees	$200	$0	$0	$0	$200	
Website Administration	$600	$500	$267	$767	$400	
ADA Website Compliance	$1,800	$1,500	$0	$1,500	$1,500	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE	$104,745	$52,002	$24,391	$76,393	$100,422	
Utilities						
Water Utility Services	$18,125	$0	$18,125	$18,125	$18,125	
Electric-Streetlights	$25,000	$0	$25,000	$25,000	$25,000	
Electric-All Others	$3,033	$0	$3,033	$3,033	$3,033	
Telephone/Internet	$1,417	$0	$1,417	$1,417	$1,417	
TOTAL UTILITIES	$47,575	$0	$47,575	$47,575	$47,575	

Stormwater Control						
Stormwater System Maintenance	$7,260	$4,840	$2,420	$7,260	$7,260	
Wetland Monitoring/Maintenance	$6,500	$0	$6,500	$6,500	$6,500	
Annual Stormwater Report	$3,500	$0	$3,500	$3,500	$3,500	
TOTAL STORMWATER CONTROL	$17,260	$4,840	$12,420	$17,260	$17,260	

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	
 Description	FY 2025			5/31/25		  4 Months		  9/30/25			FY 2026		

Other Physical Environment					
Property & Casualty Insurance	$30,000	$0	$0	$0	$30,000	
Landscape Maintenance-Contract	$90,917	$32,259	$70,248	$102,507	$145,085	
Landscaping - Mulch	$4,000	$0	$4,000	$4,000	$4,000	
Landscaping - Plant Replacement Program	$5,000	$0	$5,000	$5,000	$5,000	
Irrigation Maintenance	$6,000	$945	$2,500	$3,445	$6,000	
R&M Drainage	$1,000	$0	$1,000	$1,000	$1,000	
TOTAL OTHER PHYSICAL ENVIRONMENT	$136,917	$33,204	$82,748	$115,952	$191,085	

Parks & Recreation					
Field Services	$18,000	$0	$0	$0	$18,000	
Amenity Management	$0	$0	$0	$0	$37,400	
Pool Monitors	$0	$0	$14,000	$14,000	$26,076	
Janitorial - Contract	$2,542	$0	$0	$0	$15,000	
Janitorial - Supplies/Other	$1,000	$0	$0	$0	$1,000	
Rental - Fitness Equipment	$9,583	$1,544	$0	$1,544	$9,583	
Contracts - Fitness Classes	$6,000	$0	$0	$0	$6,000	
Garbage Dumpster - Rental/Collection	$1,500	$0	$0	$0	$6,000	
Contracts - Pest Control/Termite Bond	$1,958	$0	$0	$0	$1,958	
Amenity R&M	$5,000	$325	$0	$325	$5,000	
Pool Permits	$500	$0	$0	$0	$500	
Access Control R&M	$750	$0	$0	$0	$750	
Contracts - Pool Service	$8,750	$0	$5,600	$5,600	$15,000	
Dog Waste Station Service and Supplies	$8,892	$0	$0	$0	$8,892	
R&M - Entrance Monument & Wall	$5,000	$0	$0	$0	$5,000	
Contracts - Access Control	$8,889	$0	$0	$0	$8,889	
Miscellaneous Contingency	$2,500	$0	$0	$0	$6,937	
Misc.-Special Events	$8,333	$0	$0	$0	$8,332	
Misc. - Holiday Décor	$10,000	$0	$0	$0	$10,000	
TOTAL PARKS & RECREATION	$99,198	$1,869	$19,600	$21,469	$190,317	
					
TOTAL EXPENDITURES	$412,895	$95,007	$189,963	$284,970	$554,409	
					
EXCESS REVENUES (EXPENDITURES)	$0	$270,188	($124,647)	$145,540	$0	
					
Unit Type  FY 25 Unit Count	FY 2025 Per Unit	FY 26 Unit Count	FY 2026 Per Unit	FY 2026	
SF	279	$1,500.30	279	$1,810.68	$505,179.72	
Gross Acreage	185	$150.03	475	$152.58		$72,477.30 	
				$577,657.02	
Less: Discounts 4%/Collections 3.5%   ($43,324.28)
Net Assessment	$534,332.74	

REVENUES

Maintenance Assessments
It is presently anticipated that the District will levy a Maintenance Assessment to all landowners within the District to funding the Operations and Maintenance for the fiscal year.

EXPENDITURES-ADMINISTRATIVE

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 12 annual meetings.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Disclosure Report
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.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.
Trustee Fees
The District has issued Series 2023 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.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

ADMINISTRATIVE: (CONTINUED)

Postage, Phone, Copies
Mailing of agenda packages, overnight deliveries, correspondence, etc. Telephone and fax machine services. Printing and Binding services as well as printing of computerized checks, stationary, envelopes etc.

Public Officials Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

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

Bank Fees
Bank charges and any other miscellaneous expenses that incurred during the year

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.

Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by Ventures In and updated monthly.

FIELD EXPENDITURES:

Electric
The District has electric service throughout the Community serviced by TECO.	These services include Streetlighting, clubhouse electric, etc.

Water
Hillsborough County Utilities supplies Water/Sewer services to the District.

Gas
Suburban Propane supplies gas when needed.

Cable TV/Internet/Telephone
Cost of cable, internet services, and telephone/fax used for the Amenity Center.

Stormwater System Maintenance
The District currently contracts with The Lake Doctors for Aquatic Maintenance. The contract is $605 per month.

Wetlands Monitoring/Maintenance
Repairs and maintenance to the District’s Wetlands area.

Annual Stormwater Report
Prepare annual report to County.

General Liability & Property Casualty Insurance
The District's General Liability, Property and Flood Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Landscaping Maintenance:
The district has contracted with Verdego to provide landscaping and fertilization maintenance throughout the common areas of the District.

Landscape Mulching
Landscaping extras that are not incorporated in regular landscaping costs. These include mulching the common areas.

FIELD EXPENDITURES (CONTINUED):

Landscaping Plant Replacement Program
Represents any money set aside for landscaping extras that are not incorporated in regular landscaping costs.

Irrigation Repairs & Maintenance
Represents funds that will be used to make repairs to the irrigation system, provide replacements and maintain equipment in the District.

R&M Drainage
Unscheduled maintenance and repairs.

PARKS AND RECREATION EXPENDITURES:

Field Services
Management of the field operations and clubhouse.

Janitorial – Contract
Cleaning of the clubhouse and bathrooms.

Rental – Fitness Equipment
Fitness equipment rental for use at the clubhouse.

Contract – Fitness Classes
Instructors teaching fitness classes at the Clubhouse.

Garbage Dumpster – Rental/Collection
Refuse pickup for the clubhouse.

Pest Control
Pest control services for the clubhouse and exterior.

Amenity Maintenance & Repairs
Regular maintenance and replacements.

Pool Permits
Department of Health operating permits for the pool.

Clubhouse Expenditures (Continued):

Access Control R&M
Any repairs and maintenance to the access control system for resident entry.

Pool Maintenance-Contract
Regular cleaning and maintenance of the pool.

Dog Waste Station Service and Supplies
Cleaning, emptying trash bins, and refreshing supplies for the Dog waste stations throughout the community.

Entrance Monument Wall R&M
Repairs and maintenance to the entrance monument walls.

Access Control – Contract
Security contract for the access control system.

Amenity Contingency
Unscheduled maintenance and repairs.

Special Events
The District will sponsor events throughout the year for residents.

Holiday Décor
Holiday decorations and lighting for the clubhouse.

Seaton Creek Reserve
Community Development District ADOPTED BUDGET
DEBT SERVICE FUND
SERIES 2023 SPECIAL ASSESSMENT BONDS, AREA 1

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	
 Description			FY 2025			5/31/25			4 Months			9/30/25			FY 2026		

Revenues						
Special Assessments - Levy (On Roll)	$464,906	$268,781	$790	$269,571	$464,906	
Special Assessments - Levy (Off Roll)	$0	$168,381	$127,344	$295,725	$0	
Interest Income	$0	$9,352	$4,676	$14,028	$0	
Carry Forward Surplus	$0	$70,409	$0	$70,409	$175,125	
TOTAL REVENUES	$464,906	$516,923	$132,810	$649,734	$640,032	

Expenditures						
Series 2024 Interest - 12/01	
$179,953	
$179,953	
$0	
$179,953	
$177,525	
Interest - 06/01	$105,000	$0	$105,000	$105,000	$177,525	
Principal - 06/01	$179,953	$0	$179,953	$179,953	$110,000	
TOTAL EXPENDITURES	$464,906	$179,953	$284,953	$464,906	$465,050	

Other Sources/(Uses)						
Interfund Transfer	$0	($6,468)	($3,234)	($9,702)	$0	
TOTAL OTHER	$0	($6,468)	($3,234)	($9,702)	$0	

EXCESS REVENUES	$0	$330,502	($155,377)	$175,125	$174,982	
	
12/15/26 Interest Expense	
	$174,981 	
			$174,981	

Seaton Creek Reserve
Community Development District
Series 2023 Special Assessment Bonds, Area 1

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

12/15/23	
$6,870,000.00	
$	-	
$  155,938.37  $	
155,938.37	
06/15/24	$6,870,000.00	$  100,000.00	$  182,265.63  $	-	
12/15/24	$6,770,000.00	$	-	$  179,953.13  $	462,218.75	
06/15/25	$6,770,000.00	$  105,000.00	$  179,953.13  $	-	
12/15/25	$6,665,000.00	$	-	$  177,525.00  $	462,478.13	
06/15/26	$6,665,000.00	$  110,000.00	$  177,525.00  $	-	
12/15/26	$6,555,000.00	$	-	$  174,981.25  $	462,506.25	
06/15/27	$6,555,000.00	$  115,000.00	$  174,981.25  $	-	
12/15/27	$6,440,000.00	$	-	$  172,321.88  $	462,303.13	
06/15/28	$6,440,000.00	$  120,000.00	$  172,321.88  $	-	
12/15/28	$6,320,000.00	$	-	$  169,546.88  $	461,868.75	
06/15/29	$6,320,000.00	$  125,000.00	$  169,546.88  $	-	
12/15/29	$6,195,000.00	$	-	$  166,656.25  $	461,203.13	
06/15/30	$6,195,000.00	$  130,000.00	$  166,656.25  $	-	
12/15/30	$6,065,000.00	$	-	$  163,650.00  $	460,306.25	
06/15/31	$6,065,000.00	$  140,000.00	$  163,650.00  $	-	
12/15/31	$5,925,000.00	$	-	$  159,975.00  $	463,625.00	
06/15/32	$5,925,000.00	$  145,000.00	$  159,975.00  $	-	
12/15/32	$5,780,000.00	$	-	$  156,168.75  $	461,143.75	
06/15/33	$5,780,000.00	$  155,000.00	$  156,168.75  $	-	
12/15/33	$5,625,000.00	$	-	$  152,100.00  $	463,268.75	
06/15/34	$5,625,000.00	$  160,000.00	$  152,100.00  $	-	
12/15/34	$5,465,000.00	$	-	$  147,900.00  $	460,000.00	
06/15/35	$5,465,000.00	$  170,000.00	$  147,900.00  $	-	
12/15/35	$5,295,000.00	$	-	$  143,437.50  $	461,337.50	
06/15/36	$5,295,000.00	$  180,000.00	$  143,437.50  $	-	
12/15/36	$5,115,000.00	$	-	$  138,712.50  $	462,150.00	
06/15/37	$5,115,000.00	$  190,000.00	$  138,712.50  $	-	
12/15/37	$4,925,000.00	$	-	$  133,725.00  $	462,437.50	
06/15/38	$4,925,000.00	$  200,000.00	$  133,725.00  $	-	
12/15/38	$4,725,000.00	$	-	$  128,475.00  $	462,200.00	
06/15/39	$4,725,000.00	$  210,000.00	$  128,475.00  $	-	
12/15/39	$4,515,000.00	$	-	$  122,962.50  $	461,437.50	
06/15/40	$4,515,000.00	$  220,000.00	$  122,962.50  $	-	
12/15/40	$4,295,000.00	$	-	$  117,187.50  $	460,150.00	
06/15/41	$4,295,000.00	$  235,000.00	$  117,187.50  $	-	
12/15/41	$4,060,000.00	$	-	$  111,018.75  $	463,206.25	
06/15/42	$4,060,000.00	$  245,000.00	$  111,018.75  $	-	
12/15/42	$3,815,000.00	$	-	$  104,587.50  $	460,606.25	
06/15/43	$3,815,000.00	$  260,000.00	$  104,587.50  $	-	
12/15/43	$3,555,000.00	$	-	$	97,762.50  $	462,350.00	
06/15/44	$3,555,000.00	$  275,000.00	$	97,762.50  $	-	
12/15/44	$3,280,000.00	$	-	$	90,200.00  $	462,962.50	
06/15/45	$3,280,000.00	$  290,000.00	$	90,200.00  $	-	
12/15/45	$2,990,000.00	$	-	$	82,225.00  $	462,425.00	
06/15/46	$2,990,000.00	$  305,000.00	$	82,225.00  $	-	
12/15/46	$2,685,000.00	$	-	$	73,837.50  $	461,062.50	
06/15/47	$2,685,000.00	$  325,000.00	$	73,837.50  $	-	
12/15/47	$2,360,000.00	$	-	$	64,900.00  $	463,737.50	
06/15/48	$2,360,000.00	$  340,000.00	$	64,900.00  $	-	
12/15/48	$2,020,000.00	$	-	$	55,550.00  $	460,450.00	
06/15/49	$2,020,000.00	$  360,000.00	$	55,550.00  $	-	
12/15/49	$1,660,000.00	$	-	$	45,650.00  $	461,200.00	
06/15/50	$1,660,000.00	$  380,000.00	$	45,650.00  $	-	
12/15/50	$1,280,000.00	$	-	$	35,200.00  $	460,850.00	
06/15/51	$1,280,000.00	$  405,000.00	$	35,200.00  $	-	
12/15/51	$	875,000.00	$	-	$	24,062.50  $	464,262.50	
06/15/52	$	875,000.00	$  425,000.00	$	24,062.50  $	-	
12/15/52	$	450,000.00	$	-	$	12,375.00  $	461,437.50	
06/15/53	$	450,000.00	$  450,000.00	$	12,375.00  $	462,375.00	
		$ 6,870,0	$ 7,143,497.74	$ 14,013,497.74	
		
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