Campo Bello	
Community Development District	

Approved Proposed Budget	
FY 2026	

Table of Contents

1

2-3

4

5

	General Fund

	Narratives

	Debt Service Fund Series 2019

	Amortization Schedule Series 2019

6		Assessment Schedule

Campo Bello	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	132,818	$	130,680	$	2,138	$	132,818	$	145,736	
Interest income	2,000	4,857	2,000	6,857	4,000	

TOTAL REVENUES	$134,818	$135,537	$4,138	$139,675	$149,736	

EXPENDITURES:

Administrative						
Supervisor Fees	$-	$-	$-	$-	$12,000	
FICA Taxes	-	-	-	-	918	
Engineering	12,000	-	6,000	6,000	12,000	
Attorney	15,000	3,131	7,500	10,631	15,000	
Annual Audit	3,800	3,800	-	3,800	4,000	
Assessment Administration	4,000	4,000	-	4,000	4,000	
Arbitrage Rebate	550	550	-	550	550	
Dissemination Agent	2,675	1,338	1,337	2,675	2,862	
Trustee Fees	4,041	4,041	-	4,041	4,434	
Management Fees	41,602	20,801	20,801	41,602	44,514	
Website Maintenance	1,070	535	535	1,070	1,145	
Telephone	50	-	25	25	50	
Postage & Delivery	400	91	200	291	400	
Insurance General Liability	6,684	6,319	-	6,319	6,951	
Printing & Binding	500	4	250	254	500	
Legal Advertising	3,550	1,290	2,260	3,550	3,550	
Other Current Charges	1,000	-	500	500	1,000	
Office Supplies	150	0	75	75	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$97,247	$46,075	$39,483	$85,558	$114,200	

Operations & Maintenance

Field Expenditures

Contingency	$	37,571	$	-	$	18,786	$	18,786	$	35,536	

TOTAL FIELD EXPENDITURES	$37,571	$-	$18,786	$18,786	$35,536	

TOTAL EXPENDITURES	$134,818	$46,075	$58,269	$104,344	$149,736	

EXCESS REVENUES (EXPENDITURES)	$-	$89,462	$(54,131)	$35,331	$-	

Campo Bello	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative	

Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.	
FICA Taxes	
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Arbitrage Rebate	
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.	
Dissemination Agent	
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.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental
Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	

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

Campo Bello	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

Expenditures - Administrative (continued)	

Communication - Telephone	
New internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	

Expenditures - Field	

Continigency	
Represents any un-budgeted expense.	

Campo Bello	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2019 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2025	3/31/25	6 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	608,797	$	595,180	$	13,617	$	608,797	$	608,797	
Interest Earnings	15,000	19,098	5,000	24,098	15,000	
Carry Forward Surplus (1)	532,800	546,459	-	546,459	568,193	

TOTAL REVENUES	$1,156,598	$1,160,737	$18,617	$1,179,354	$1,191,991	

EXPENDITURES:

Interest - 12/15	$	187,869	$	187,869	$	-	$	187,869	$	184,213	
Principal - 12/15	225,000	225,000	-	225,000	230,000	
Interest - 06/15	184,213	-	184,213	184,213	180,188	

TOTAL EXPENDITURES	$597,081	$412,869	$184,213	$597,081	$594,400	

Other Sources/(Uses)

Interfund transfer In/(Out)	$(10,000)	$(6,400)	$(7,680)	$(14,080)	$(10,000)	

TOTAL OTHER SOURCES/(USES)	$(10,000)	$(6,400)	$(7,680)	$(14,080)	$(10,000)	

TOTAL EXPENDITURES	$607,081	$419,269	$191,892	$611,161	$604,400	

EXCESS REVENUES (EXPENDITURES)	$549,516	$741,468	$(173,275)	$568,193	$587,591	

Interest Due 12/15/26	$180,188	
Principal Due 12/15/26	$240,000	
	$420,188	

(1) Carry Forward is Net of Reserve Requirement

Campo Bello	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2019 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/24	9,625,000	3.250%	225,000.00	187,868.75	412,868.75	
06/15/25	9,400,000	3.500%	-	184,212.50		
12/15/25	9,400,000	3.500%	230,000.00	184,212.50	598,425.00	
06/15/26	9,170,000	3.500%	-	180,187.50		
12/15/26	9,170,000	3.500%	240,000.00	180,187.50	600,375.00	
06/15/27	8,930,000	3.500%	-	175,987.50		
12/15/27	8,930,000	3.500%	250,000.00	175,987.50	601,975.00	
06/15/28	8,680,000	3.500%	-	171,612.50		
12/15/28	8,680,000	3.500%	255,000.00	171,612.50	598,225.00	
06/15/29	8,425,000	3.500%	-	167,150.00		
12/15/29	8,425,000	3.500%	265,000.00	167,150.00	599,300.00	
06/15/30	8,160,000	3.500%	-	162,512.50		
12/15/30	8,160,000	3.500%	275,000.00	162,512.50	600,025.00	
06/15/31	7,885,000	4.000%	-	157,700.00		
12/15/31	7,885,000	4.000%	285,000.00	157,700.00	600,400.00	
06/15/32	7,600,000	4.000%	-	152,000.00		
12/15/32	7,600,000	4.000%	295,000.00	152,000.00	599,000.00	
06/15/33	7,305,000	4.000%	-	146,100.00		
12/15/33	7,305,000	4.000%	310,000.00	146,100.00	602,200.00	
06/15/34	6,995,000	4.000%	-	139,900.00		
12/15/34	6,995,000	4.000%	320,000.00	139,900.00	599,800.00	
06/15/35	6,675,000	4.000%	-	133,500.00		
12/15/35	6,675,000	4.000%	335,000.00	133,500.00	602,000.00	
06/15/36	6,340,000	4.000%	-	126,800.00		
12/15/36	6,340,000	4.000%	345,000.00	126,800.00	598,600.00	
06/15/37	5,995,000	4.000%	-	119,900.00		
12/15/37	5,995,000	4.000%	360,000.00	119,900.00	599,800.00	
05/15/38	5,635,000	4.000%	-	112,700.00		
12/15/38	5,635,000	4.000%	375,000.00	112,700.00	600,400.00	
06/15/39	5,260,000	4.000%	-	105,200.00		
12/15/39	5,260,000	4.000%	390,000.00	105,200.00	600,400.00	
06/15/40	4,870,000	4.000%	-	97,400.00		
12/15/40	4,870,000	4.000%	405,000.00	97,400.00	599,800.00	
06/15/41	4,465,000	4.000%	-	89,300.00		
12/15/41	4,465,000	4.000%	420,000.00	89,300.00	598,600.00	
06/15/42	4,045,000	4.000%	-	80,900.00		
12/15/42	4,045,000	4.000%	440,000.00	80,900.00	601,800.00	
06/15/43	3,605,000	4.000%	-	72,100.00		
12/15/43	3,605,000	4.000%	455,000.00	72,100.00	599,200.00	
06/15/44	3,150,000	4.000%	-	63,000.00		
12/15/44	3,150,000	4.000%	475,000.00	63,000.00	601,000.00	
06/15/45	2,675,000	4.000%	-	53,500.00		
12/15/45	2,675,000	4.000%	495,000.00	53,500.00	602,000.00	
06/15/46	2,180,000	4.000%	-	43,600.00		
12/15/46	2,180,000	4.000%	515,000.00	43,600.00	602,200.00	
06/15/47	1,665,000	4.000%	-	33,300.00		
12/15/47	1,665,000	4.000%	535,000.00	33,300.00	601,600.00	
06/15/48	1,130,000	4.000%	-	22,600.00		
12/15/48	1,130,000	4.000%	555,000.00	22,600.00	600,200.00	
06/15/49	575,000	4.000%	-	11,500.00		
12/15/49	575,000	4.000%	575,000.00	11,500.00	598,000.00	

Total	$9,625,000	$5,793,194	$15,418,194	

Campo Bello	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025 - 2026	

Neighborhood	O&M Units	Bonds Units
2019	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	

Main Site												
Single Family	30	30	$315.00	$287.08	$27.92	$1,611.58	$1,611.58	$0.00	$1,926.58	$1,898.66	$27.92	
Twin Home	440	440	$315.00	$287.08	$27.92	$1,295.79	$1,295.79	$0.00	$1,610.79	$1,582.87	$27.92	
Annex												
Single Family	1	1	$315.00	$287.08	$27.92	$1,611.58	$1,611.58	$0.00	$1,926.58	$1,898.66	$27.92	
Twin Home	16	16	$315.00	$287.08	$27.92	$1,295.79	$1,295.79	$0.00	$1,610.79	$1,582.87	$27.92	
TOTAL	487	487										

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