Acree
Community Development District

Adopted Budget
FY2026

July 29, 2025

Table of Contents

1		General Fund

2-3		Narratives

Acree
Community Development District
Adopted Budget General Fund

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

REVENUES:						
Developer Contribution	$131,643	$48,398	$31,597	$79,995	$131,643	
TOTAL REVENUES	$131,643	$48,398	$31,597	$79,995	$131,643	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$12,000	$-	$-	$-	$9,000	
FICA Taxes	918	-	-	-	689	
Engineer	12,000	-	5,000	5,000	12,000	
Attorney	25,000	1,641	10,859	12,500	25,000	
Annual Audit	3,250	3,200	-	3,200	3,400	
Assessment Administration	7,500	-	-	-	7,500	
Arbitrage Rebate	-		-	-	600	
Management Fees	45,000	33,750	11,250	45,000	47,250	
Dissemination Agent	7,500	-	-	-	7,500	
Information Technology	1,800	1,350	450	1,800	1,890	
Website Maintenance	1,200	900	300	1,200	1,260	
Telephone	500	65	60	125	500	
Postage & Delivery	1,500	13	25	38	1,229	
Insurance General Liability	5,500	5,200	-	5,200	6,350	
Printing & Binding	1,200	104	100	204	1,200	
Legal Advertising	5,000	2,472	2,528	5,000	5,000	
Other Current Charges	600	349	174	523	600	
Office Supplies	1,000	1	30	31	500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$131,643	$49,218	$30,777	$79,995	$131,643	

Other Sources/(Uses)						
Interfund Transfer In/(Out)	-	-	-	-	-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
EXCESS REVENUES (EXPENDITURES)	$-	$(820)	$820	$-	$	-	

Acree
Community Development District
Budget Narrative

REVENUES

Developer Contribution
It is presently anticipated that the District will enter into a Funding Agreement with the Developer to fund General Fund Expenditures for 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 9 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 estimated cost.
Assessment Roll Administration
GMS, 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 annually have an arbitrage rebate calculation on the District’s Special Assessment Revenue Bonds. The District will contract with an Independent Certified Accounting Firm. to calculate the rebate liability and submit a report to the District.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
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.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.
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, LLC and updated monthly.
Telephone
Internet, Phone 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 an estimated premium.

Acree
Community Development District
Budget Narrative

Expenditures - Administrative (continued)

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.