Seaton Creek Reserve
Community Development District

FY 2027
Adopted Budget
July 23, 2026

	Table of Contents	

1-2

3-8

9

10

	General Fund Budget

	General Fund Budget Narrative

	Debt Service Fund Budget - Series 2023

	Amortization Schedule - Series 2023

11		Debt Service Fund Budget - Series 2026

Seaton Creek Reserve
Community Development District ADOPTED BUDGET
GENERAL FUND

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2026	6/30/26	3 Months	9/30/26	FY 2027	

Revenues						
Maintenance Assessments - Levy (On Roll)	$528,333	$468,441	$0	$468,441	$439,153	
Maintenance Assessments - Levy (Off Roll)	$0	$67,043	$16,761	$83,804	$266,042	
Developer Contributions	$26,076	$0	$26,076	$26,076	$0	
Interest Income	$0	$5,091	$4,500	$9,591	$10,000	
Other Income	$0	$1,125	$0	$1,125	$0	
TOTAL REVENUES	$554,409	$541,700	$47,337	$589,037	$715,195	
Expenditures						
Legislative						
Supervisor Fees	$7,200	$2,400	$2,000	$4,400	$7,200	
Payroll Taxes	$551	$184	$153	$337	$551	
TOTAL LEGISLATIVE	$7,751	$2,584	$2,153	$4,737	$7,751	

Financial & Administrative						
Engineering	$10,000	$0	$10,000	$10,000	$10,000	
Attorney	$9,000	$6,612	$9,257	$15,869	$9,000	
Dissemination	$5,000	$4,600	$1,250	$5,850	$6,000	
Assessment Roll	$2,500	$2,500	$0	$2,500	$2,625	
Arbitrage Rebate Reporting	$1,500	$0	$1,200	$1,200	$1,500	
Annual Audit	$5,800	$5,800	$0	$5,800	$5,800	
Trustee Fees	$4,348	$4,797	$0	$4,797	$4,348	
Management Fees	$45,900	$34,425	$11,475	$45,900	$48,195	
Information Technology	$800	$600	$200	$800	$840	
Postage/Office Supplies	$600	$438	$146	$584	$600	
Rentals and Leases	$1,800	$1,440	$360	$1,800	$1,800	
Insurance General Liability/Public Officials	$5,949	$5,732	$0	$5,732	$6,305	
Legal Advertising	$3,500	$1,021	$480	$1,501	$3,500	
Other Current Charges	$1,450	$167	$56	$223	$1,450	
Bank Fees	$200	$826	$275	$1,102	$200	
Website Administration	$400	$300	$100	$400	$420	
ADA Website Compliance	$1,500	$0	$0	$0	$1,500	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE	$100,422	$69,433	$34,799	$104,232	$104,258	
Utilities						
Water Utility Services	$18,125	$1,735	$2,958	$4,693	$18,125	
Electric-Streetlights	$25,000	$1,735	$2,886	$4,621	$25,000	
Electric-All Others	$3,033	$2,877	$4,212	$7,089	$3,033	
Telephone/Internet	$1,417	$2,523	$780	$3,303	$3,119	
TOTAL UTILITIES	$47,575	$8,871	$10,836	$19,707	$49,277	

Stormwater Control						
Stormwater System (Lake) Maintenance	$7,260	$4,965	$1,635	$6,600	$23,474	
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	$4,965	$11,635	$16,600	$33,474	

Seaton Creek Reserve
Community Development District ADOPTED BUDGET
GENERAL FUND

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2026	6/30/26	3 Months	9/30/26	FY 2027	

Other Physical Environment						
Property & Casualty Insurance	$30,000	$22,806	$0	$22,806	$21,666	
Landscape Maintenance-Contract	$145,085	$138,213	$46,071	$184,284	$238,452	
Landscaping - Mulch	$4,000	$0	$4,000	$4,000	$13,850	
Landscaping - Plant Replacement Program	$5,000	$5,391	$0	$5,391	$5,000	
Irrigation Maintenance	$6,000	$2,971	$990	$3,961	$6,000	
R&M Drainage	$1,000	$190	$810	$1,000	$1,000	
TOTAL OTHER PHYSICAL ENVIRONMENT	$191,085	$169,572	$51,871	$221,443	$285,968	

Parks & Recreation						
Field Services	$18,000	$13,500	$4,500	$18,000	$18,900	
Amenity Management	$37,400	$28,050	$9,350	$37,400	$39,270	
Pool Monitors	$26,076	$4,428	$21,648	$26,076	$27,380	
Janitorial - Contract	$15,000	$11,250	$3,750	$15,000	$15,750	
Janitorial - Supplies/Other	$1,000	$0	$1,000	$1,000	$1,000	
Rental - Fitness Equipment	$9,583	$23,803	$7,934	$31,737	$31,737	
Contracts - Fitness Classes	$6,000	$0	$0	$0	$6,000	
Garbage Dumpster - Rental/Collection	$6,000	$164	$0	$164	$180	
Contracts - Pest Control/Termite Bond	$1,958	$381	$500	$881	$1,958	
Amenity R&M	$5,000	$685	$2,500	$3,185	$5,000	
Pool Permits	$500	$0	$500	$500	$500	
Access Control R&M	$750	$915	$305	$1,220	$750	
Security Services Patrol	$0	$0	$0	$0	$15,000	
Contracts - Pool Service	$15,000	$17,790	$5,930	$23,721	$23,500	
Dog Waste Station Service and Supplies	$8,892	$1,652	$551	$2,203	$4,128	
R&M - Entrance Monument & Wall	$5,000	$0	$2,500	$2,500	$5,000	
Contracts - Access Control	$8,889	$7,284	$2,544	$9,828	$13,145	
Miscellaneous Contingency	$6,937	$4,369	$1,456	$5,825	$6,937	
Misc.-Special Events	$8,332	$2,245	$6,087	$8,332	$8,332	
Misc. - Holiday Décor	$10,000	$6,945	$0	$6,945	$10,000	
Capital Outlay	$0	$4,723	$0	$4,723	$0	
TOTAL PARKS & RECREATION	$190,317	$128,184	$71,055	$199,239	$234,467	
						
TOTAL EXPENDITURES	$554,409	$383,608	$182,349	$565,957	$715,195	
						
EXCESS REVENUES (EXPENDITURES)	$0	$158,092	($135,012)	$23,080	$0	

Unit Type
SF
Gross Acreage	FY 25 Unit Count	FY 2025 Per Unit
279	$1,500.30
185	$150.03	FY 26 Unit Count FY 2026 Per Unit
279	$1,810.68
475	$152.58	FY 27 Unit Count FY 2027 Per Unit	FY 2027
478	1,502.40	$718,149.58
275	160.81 	$44,222.99 
$762,372.58
Less: Discounts 4%/Collections 3.5% 	($57,177.94)
Net Assessment	$705,194.63	

Seaton Creek Reserve Community Development District Budget Narrative
Fiscal Year 2027

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.

Interest Income
The District will have all excess funds invested with US Bank. The amount is based upon the estimated average balance of funds available during 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.

FICA Payroll Taxes
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

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.

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.

Dissemination
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.

Assessment Roll
Ongoing maintenance, review, and updating of assessment roll records to ensure accurate property ownership, valuation, classification, and taxation data. Governmental Management Services serves as the District's collection agent and certifies the District's non-ad valorem assessments with the county tax collector.

Seaton Creek Reserve Community Development District Budget Narrative
Fiscal Year 2027

ADMINISTRATIVE: (CONTINUED)

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.

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.

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

Information Technology
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services.

Postage, Office Supplies, 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.

Rentals & Leases
Rental of meeting space at Hampton Inn & Suites Jacksonville Airport to accommodate District meetings. The estimated cost is $360.00 per meeting, which may include room usage, standard seating arrangements, internet access, and basic meeting amenities.

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.

Seaton Creek Reserve Community Development District Budget Narrative
Fiscal Year 2027

ADMINISTRATIVE: (CONTINUED)

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

Website Administration
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 GMS and updated monthly.

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.

Seaton Creek Reserve Community Development District Budget Narrative
Fiscal Year 2027

FIELD EXPENDITURES:

Water
JEA supplies Water/Sewer services to the District.

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

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 United Land Services 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.

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

Seaton Creek Reserve Community Development District Budget Narrative
Fiscal Year 2027

FIELD EXPENDITURES (CONTINUED):

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.

Amenity Management
Administration, operation, and oversight of community amenities and recreational facilities. Expenses may include staffing, scheduling, vendor coordination, access control, maintenance oversight, inspections, supplies, resident support services, and other operational costs associated with managing and maintaining community amenities for resident use and enjoyment.

Pool Monitors
Personnel assigned to monitor and oversee pool facilities to help ensure patron safety, enforce pool rules, maintain orderly operations, and support a clean and secure recreational environment. Expenses may include staffing costs, scheduling, uniforms, training, and related operational support for pool monitoring services.

Janitorial – Contract
Cleaning of the clubhouse and bathrooms.

Janitorial – Supplies/Other
Cleaning supplies necessary to maintain clean, sanitary, and safe facilities. Expenses may include cleaning chemicals, paper products, trash liners, disinfectants, restroom supplies, mops, brooms, gloves, and other miscellaneous custodial materials and related items not classified elsewhere.

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

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

Seaton Creek Reserve Community Development District Budget Narrative
Fiscal Year 2027

Clubhouse Expenditures (Continued):

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.

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	Actual	Projected		Total	Adopted Budget		Thru		Next	Projected		Budget
 Description			FY 2026	 	6/30/26	 	3 Months			9/30/26	 	FY 2027	

Revenues

Special Assessments - Levy (On Roll)	$464,906	$461,560	$0	$461,560	$464,261	
Special Assessments - Levy (Off Roll)	$0	$70,845	$0	$70,845	$0	
Special Assessments - Prepayment	$0	$22,597	$0	$22,597	$0	
Interest Income	$0	$12,250	$4,083	$16,333	$18,000	
Carry Forward Surplus	$175,125	$90,777	$0	$90,777	$164,143	
TOTAL REVENUES	$640,032	$658,029	$4,083	$662,112	$646,404	

Expenditures

Series 2023
Interest - 12/15	$177,525	$177,525	$0	$177,525	$174,981	
Interest - 06/15	$177,525	$177,525	$0	$177,525	$174,981	
Principal - 06/15	$110,000	$110,000	$0	$110,000	$115,000	
Special Call - 06/15	$0	$25,000	$0	$25,000	$0	
TOTAL EXPENDITURES	$465,050	$490,050	$0	$490,050	$464,963	

Other Sources/(Uses)					
Interfund Transfer	$0	($5,980)	($1,940)	($7,919)	($8,000)	
TOTAL OTHER	$0	($5,980)	($1,940)	($7,919)	($8,000)	
					
EXCESS REVENUES	$174,982	$161,999	$2,144	$164,143	$173,442	
	
12/15/27 Interest Expense	
	$172,322 	
		$172,322	
	Gross Assessment
Units	Per Unit	
Gross Assessment	
	
279	$	1,798.94	
$501,904	
	279	$501,904	
	
Less: Discounts (4%) and Collections (3.5%)	
($37,643)	
	Total Net Assessment	$464,261	

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	

Seaton Creek Reserve
Community Development District ADOPTED BUDGET
DEBT SERVICE FUND
SERIES 2026 SPECIAL ASSESSMENT BONDS, AREA 2

 Description		Adopted Budget
	FY 2026		Actual Thru
	6/30/26		Projected Next
	3 Months		Total Projected
	9/30/26		Adopted Budget
	FY 2027		

Revenues

Special Assessments - Levy (On Roll) Special Assessments - Levy (Off Roll)
Carry Forward Surplus (1)	

$0
$0
$0	

$0
$0
$0	

$0
$0
$0	

$0
$0
$0	

$61,605
$412,920
$159,133	
TOTAL REVENUES	$0	$0	$0	$0	$633,658	

Expenditures

Series 2026 Interest/Principal	

$0	

$0	

$0	

$0	

$474,525	
TOTAL EXPENDITURES	$0	$0	$0	$0	$474,525	

Other Sources/(Uses)

Bond Proceeds	

$0	

$0	

$396,396	

$396,396	

$0	
TOTAL OTHER	$0	$0	$396,396	$396,396	$0	
						
EXCESS REVENUES	$0	$0	$396,396	$396,396	$159,133	

	12/15/27 Interest Expense		$159,133 	
		$159,133	

Units	Gross Assessment
Per Unit	
Gross Assessment	

37	
$	1,800.00	
$66,600	
248	$	1,800.00	$446,400	
285		$513,000	

(1) Carry forward surplus is net of the reserve requirement.

Less: Discounts (4%) and Collections (3.5%)	($38,475)

Total Net Assessment	$474,525