Villages of Westport
Community Development District

Approved Budget
FY 2026

Table of Contents

1-2

3-7

8-9

	General Fund

	General Fund Narrative

	Special Assessment Bonds Series 2005A

Villages of Westport Community Development District	
General Fund Budget	

Revenues	
Maintenance Assessments - Tax Roll	$	430,996 $	426,259	$	4,737 $	430,996	$	490,692	
Maintenance Assessments - Direct	$	59,696 $	59,697	$	-	$	59,697	$	-	
Interest Income	$	-	$	3,162	$	5,407 $	8,569	$	4,000	
Miscellaneous Income	$	-	$	940	$	-	$	940	$	-	
Transfer In	$	-	$	254,599	$	-	$	254,599	$	7,000	
Total Revenues	$	490,692 $	744,657	$	10,144 $	754,801	$	501,692	

Expenditure	
Administrative	
Supervisor Fees	$	4,800 $	1,600	$	2,400 $	4,000	$	4,800	
Engineering	$	5,000 $	2,670	$	2,500 $	5,170	$	6,000	
Arbitrage	$	1,000 $	-	$	1,000 $	1,000	$	1,000	
Assessment Roll	$	5,000 $	5,000	$	-	$	5,000	$	5,300	
Dissemination	$	3,000 $	1,500	$	1,500 $	3,000	$	3,180	
Amortization Schedule	$	-	$	500	$	-	$	500	$	530	
Attorney	$	17,500 $	29,736	$	34,692 $	64,428	$	25,000	
Annual Audit	$	5,000 $	-	$	5,000 $	5,000	$	5,000	
Trustee Fees	$	3,720 $	3,717	$	-	$	3,717	$	3,720	
Management Fees	$	40,903 $	20,451	$	20,454 $	40,905	$	43,362	
Information Technology	$	1,800 $	900	$	900 $	1,800	$	1,908	
Website	$	1,200 $	600	$	600 $	1,200	$	1,272	
Telephone	$	1,250 $	86	$	86 $	172	$	1,250	
Postage	$	250 $	308	$	308 $	616	$	650	
Printing & Binding	$	150 $	95	$	95 $	190	$	150	
Insurance-Liability	$	9,000 $	9,000	$	-	$	9,000	$	9,900	
Legal Advertising	$	1,500 $	90	$	750 $	840	$	1,500	
Other Current Charges	$	1,000 $	325	$	300 $	625	$	1,000	
Office Supplies	$	100 $	2	$	50 $	52	$	100	
Dues, Licenses & Subscriptions	$	175 $	175	$	-	$	175	$	175	
Total Administrative	$	102,348 $	76,755	$	70,635 $	147,390	$	115,797	

Field Operations 	
Common Area:	
Field Services	$	19,200 $	9,371	$	9,324 $	18,695	$	24,000	
Landscape Maintenance	$	54,517 $	36,912	$	36,912 $	73,824	$	75,000	
Landscape Contingency	$	-	$	3,765	$	2,500 $	6,265	$	6,500	
Irrigation Repairs	$	2,500 $	6,507	$	2,500 $	9,007	$	9,000	
Lake Maintenance	$	14,516 $	8,301	$	8,892 $	17,193	$	17,000	
Repairs and Maintenance	$	7,000 $	12,983	$	12,983 $	25,966	$	15,000	
Contingency	$	8,000 $	-	$	4,000 $	4,000	$	8,000	
Total Common Area	$	105,733 $	77,839	$	77,111 $	154,950	$	154,500	

Villages of Westport Community Development District	
General Fund Budget	

FY26	Varience	

767	
$	640	
$	692	

767	-	

Amenity Center	
Facility/Pool Attendants	$	40,000 $	574	$	39,426 $	40,000	$	40,000	
Janitorial	$	10,920 $	4,077	$	5,460 $	9,537	$	8,000	
Pool Maintenance	$	18,000 $	26,710	$	6,000 $	32,710	$	9,600	
Pool Chemicals	$	-	$	-	$	-	$	-	$	8,400	
Pool Permits	$	400 $	-	$	400 $	400	$	400	
Utilities - Water/Electric	$	45,000 $	17,866	$	17,866 $	35,732	$	45,000	
Trash	$	200 $	179	$	-	$	179	$	200	
Pest Control	$	550 $	282	$	282 $	564	$	600	
Irrigation Repair	$	3,000 $	-	$	1,500 $	1,500	$	3,000	
Insurance - Property	$	7,885 $	7,716	$	-	$	7,716	$	8,674	
Telephone	$	1,500 $	928	$	789 $	1,717	$	1,500	
Access Control	$	1,700 $	544	$	544 $	1,088	$	1,700	
Community Events	$	-	$	-	$	-	$	-	$	-	
Security Patrolling	$	-	$	-	$	-	$	-	$	25,000	
Security Camera System/Monitoring	$	7,056 $	7,056	$	3,360 $	10,416	$	10,000	
Facilities Maintenance - Contracted	$	12,000 $	5,908	$	6,000 $	11,908	$	12,360	
Holiday Décor	$	-	$	2,331	$	-	$	2,331	$	2,500	
Repairs and Maintenance - Amenity	$	9,400 $	-	$	5,000 $	5,000	$	15,000	
Dues & Licenses	$	-	$	-	$	-	$	-	
Total Amenity	$	157,611 $	74,171	$	86,627 $	160,798	$	191,934	

Other	
Capital Reserve	$	25,000 $	-	$	25,000 $	25,000	$	39,461	
First Quarter Operating Capital	$	100,000 $	-	$	-	$	-	$	-	
Total Other	$	125,000 $	-	$	25,000 $	25,000	$	39,461	

Total Maintenance	$	388,344	$	152,010	$	188,738 $	340,748	$	385,895	

Total Expenditures	$	490,692	$	228,765	$	259,373 $	488,138	$	501,692	

Excess Revenues (Expenditures)	$	-	$	515,892	-$	249,229 $	266,663	$	-	

Net Assessments	
Collection Fees (7.5%)	
Gross Assessments	

FY25	
$	490,692	
 $	39,786 	
 $	530,478 	

$	490,692	-$	0	
 $	39,786 	-$	0 	
 $	530,478 	-$	0 	

No of Assessable Units

Net Assessment Per Unit	
Gross Assessment Per Unit (Includes 7.5% Collection Cost)	

$	640	$	(0)	
$	692	$	(0)	

Tax Roll Units	748	
Direct Units			0	
Total	748	

REVENUES:
Assessments
The District will levy a non-ad valorem special assessment and on taxable property and unplatted lots within the District to fund general operating and maintenance expenditures for the Fiscal Year.
Interest Income
Represents estimated interest earnings from cash balances in the District's operating account with City National Bank and State Board Account.
Miscellaneous Income
Income received from rentals and other miscellaneous income.

EXPENDITURES:
Administrative:
Supervisor Fees
The Florida Statutes allows each supervisor to be paid per meeting, for the time devoted to District business and board meetings.
FICA Expense
Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.
Engineering
The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc. The District is currently contracted with Prosser, Inc.
Arbitrage
The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Capital Improvement Revenue Bonds, Series 2005A.

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 Capital Improvement Revenue Bonds, Series 2005A.
Attorney
The District's legal counsel, Kilinski Van Wyk PLLC, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Annual Audit
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis by an Independent Certified Public Accounting Firm. The District has contracted with Berger, Toombs, Elam, Gaines & Frank for these services. ($4,625/year)
Trustee Fees
The District’s Capital Improvement Revenue Bonds, Series 2005A will be held and administered with a Trustee.
Management Fees
The District has contracted with Governmental Management Services, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financials reporting, annual audits, etc.
Information Technology
The District incurs costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone
Telephone and fax machine.
Postage
Mailing of agenda packages, overnight deliveries, checks for vendors, and any other required correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc

Insurance - Liability
Represents the District’s general liability, public officials liability and property insurance coverage, which will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Legal Advertising
Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the fiscal year.
Office Supplies
The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.
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.

Field Operations (Common Area):
Field Services
The District is contracted with Florida Community Specialists, LLC to provide onsite field management of contracts for District Services such as landscape maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.
Landscape Maintenance
The District will incur landscape maintenance expenses, which include mowing, edging, string-trimming, annual flower replacements, shrub and palm pruning, weeding, fertilization, pine straw, pest control and irrigation inspections during the fiscal year.
Landscape Contingency
To record the cost of landscape enhancements as well as any miscellaneous landscape items currently not budgeted or covered in landscape contract.
Irrigation Repairs
To record the cost of repairs to the irrigation system and preventative maintenance on the irrigation pump station.

Lake Maintenance
The District will contract to provide for the Stormwater management facilities that the CDD will own and maintain.

Repairs and Maintenance
Cost of repairs and maintenance throughout the common area of the District.

Amenity Center:

Pool Attendants
The cost to hire and supervise pool attendants used to help with running the amenity center’s pool. Account line includes staff hours for the fiscal year, all related benefits, and a contingency for projects and pay increase.
Janitorial
The cost for Florida Community Specialists, LLC to provide cleaning for amenity center.
Pool Maintenance
The District is contracted with Florida Community Specialists, LLC to provide for the maintenance of the Amenity Center swimming pool.
Pool Permits
Represents Permit Fees paid to the Department of Health for the swimming pool.
Pool Chemicals
Represents the cost for pool chemicals.
Utilities – Water/Electric
The cost of electric to run the amenity center.
Trash
The cost of providing garbage disposal services.
Pest Control
This represents pest control of amenity center by contracted vendor.
Irrigation Repairs
The District will incur cost for irrigation repairs at the amenity center.

Insurance - Property
The District's Property Insurance policy will contract with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.
Telephone
The cost of phone services for amenity center.
Access Control

Represents the estimated cost for access cards used for entry to the District’s Amenity Center.

Community Events
Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Security Patrolling
The monthly service fee and maintenance costs associated with security patrolling provided by contracted vendor.
Security Camera System/Monitoring
The monthly service fee and maintenance costs associated with security camera system monitoring provided by contracted vendor.
Facilities Maintenance-Contracted
Represents regular repairs and replacements for District’s Amenity Center provided by Florida Community Specialists, LLC.
Holiday Decor
Represents the cost for holiday décor

Other:
Capital Reserve
This amount is subject to change upon further completion of infrastructure supported by professional reserve study or engineer’s estimate for annual funding.

Villages of Westport Community Development District
Debt Service Fund Budget Series 2005A Bonds

Description		Adopted
Budget FY 2025	Actual
Thru 03/31/25	Projected
Next 6 Months	Projected
Thru 9/30/25		Approved
Budget FY 2026	

Revenues
Assessments - Tax Roll		

$	676,054	

$	668,629	

$	7,425	

$	676,054		

$	773,233	
Assessments - Direct		$	97,178	$	97,178	$	-	$	97,178		$	-	
Interest Income		$	15,000	$	21,721	$	10,000	$	31,721		$	15,000	
Carry Forward Surplus		$	628,197	$	696,927	$	-	$	696,927		$	171,328	
Total Revenues		$	1,416,429	$	1,484,455	$	17,425	$ 1,501,880		$	959,561	

Expenditure
Interest - 11/1		

$	184,253	

$	184,253	

$	-	

$	184,253		

$	163,875	
Principal - 11/1 (Prepayment)		$	185,000	$	265,000	$	-	$	265,000		$	-	
Principal - 5/1		$	435,000	$	-	$	415,000	$	415,000		$	440,000	
Principal - 5/1 (Prepayment)		$	-	$	-	$	35,000	$	35,000		$	-	
Interest - 5/1		$	184,253	$	-	$	176,700	$	176,700		$	163,875	
Transfer Out		$	-	$	254,599	$	-	$	254,599		$	7,000	
Total Expenditures		$	988,506	$	703,852	$	626,700	$ 1,330,552		$	774,750	
								
Excess Revenues		$	427,923	$	780,603	-$	609,275	$	171,328		$	184,811	

Beginning Fund Balance	
$	1,154,348				
Interest - 11/1		
$	151,335	
Less: Debt Service Reserve	 $	(457,421) 							
Carry Forward Surplus	 $	696,927 							
			
Tax Collector					
	Product Type	Units	Debt	Gross Total	Net Total			
	Single Family	1	$	-	$	-	$	-			
	Single Family	45	$	577	$	25,963	$	24,016			
	Single Family	1	$	673	$	673	$	623			
	Single Family	701	$	1,154	$	809,290	$	748,594			
	Total Units	748		$	835,927	$	773,233			

Villages of Westport Community Development District Series 2005A, Special Assessment Bonds
(Term due 5/1/35) Amortization Schedule

Date		Balance	Coupon		Principal		Interest		Annual		
											
11/1/25	$	5,750,000	5.700%			$	163,875	$	163,875	
5/1/26	$	5,750,000	5.700%	$	440,000	$	163,875	$		-	
11/1/26	$	5,310,000	5.700%			$	151,335	$	755,210	
5/1/27	$	5,310,000	5.700%	$	465,000	$	151,335	$		-	
11/1/27	$	4,845,000	5.700%			$	138,083	$	754,418	
5/1/28	$	4,845,000	5.700%	$	490,000	$	138,083	$		-	
11/1/28	$	4,355,000	5.700%			$	124,118	$	752,200	
5/1/29	$	4,355,000	5.700%	$	520,000	$	124,118	$		-	
11/1/29	$	3,835,000	5.700%			$	109,298	$	753,415	
5/1/30	$	3,835,000	5.700%	$	550,000	$	109,298	$		-	
11/1/30	$	3,285,000	5.700%			$	93,623	$	752,920	
5/1/31	$	3,285,000	5.700%	$	585,000	$	93,623	$		-	
11/1/31	$	2,700,000	5.700%			$	76,950	$	755,573	
5/1/32	$	2,700,000	5.700%	$	620,000	$	76,950	$		-	
11/1/32	$	2,080,000	5.700%			$	59,280	$	756,230	
5/1/33	$	2,080,000	5.700%	$	655,000	$	59,280	$		-	
11/1/33	$	1,425,000	5.700%			$	40,613	$	754,893	
5/1/34	$	1,425,000	5.700%	$	690,000	$	40,613	$		-	
11/1/34	$	735,000	5.700%			$	20,948	$	751,560	
5/1/35	$	735,000	5.700%	$	735,000	$	20,948	$		-	
11/1/35	$	-	5.700%					$	755,948	
Totals				$	5,750,000	$	1,956,240	$	7,706,240