Palm Glades	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1-3		General Fund	
4-8		Narratives	
9		Capital Reserve Fund 	
10		Debt Service Fund Series 2016 	
11		Series 2016 Amortization Schedule	
12		Debt Service Fund Series 2017	
13		Series 2017 Amortization Schedule	
14		Debt Service Fund Series 2018 A1/A2	
15		Series 2018A1 Amortization Schedule	
16		Series 2018A2 Amortization Schedule	
17		Debt Service Fund Series 2020	
18		Series 2020 Amortization Schedule	
19		Debt Service Fund Series 2021	
20		Series 2021 Amortization Schedule	
21		Assessment Schedule	

Palm Glades	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - Tax Roll	$2,585,061	$2,559,380	$25,681	$2,585,061	$2,990,022	
Interest Income	42,500	34,881	17,440	52,321	42,500	
Guess Passes	-	260	130	390	-	
Party Rental Fees	13,000	9,685	4,843	14,528	13,000	
Non-Residential Memberships	-	12,420	-	12,420	-	
Key Card/Replacements	-	1,290	645	1,935	-	
Landscape Replacement Damage	-	2,787	-	2,787	-	
Resident Events	-	200	100	300	-	
Carry Forward Surplus	212,700	212,700	20,265	232,965	-	

TOTAL REVENUES	$2,853,261	$2,834,388	$69,104	$2,903,491	$3,045,522	

EXPENDITURES:

Administrative						
Supervisor Fees	$12,000	$7,400	$4,000	$11,400	$12,000	
FICA Taxes	918	566	306	872	918	
Engineering	10,000	24,245	5,000	29,245	30,000	
Attorney	45,000	34,364	17,182	51,546	45,000	
Annual Audit	7,300	4,900	-	4,900	7,300	
Assessment Administration	2,000	2,000	-	2,000	2,000	
Arbitrage Rebate	2,400	-	2,400	2,400	2,400	
Dissemination Agent	2,750	1,833	917	2,750	2,943	
Trustee Fees	24,000	24,000	-	24,000	24,000	
Management Fees	55,702	37,135	18,567	55,702	59,601	
Website Maintenance	3,300	2,200	1,100	3,300	3,500	
Telephone	100	-	33	33	100	
Postage & Delivery	1,000	766	333	1,099	1,000	
Insurance General Liability	11,530	11,568	-	11,568	14,000	
Printing & Binding	2,170	167	83	250	2,170	
Legal Advertising	2,600	4,423	867	5,290	3,500	
Other Current Charges	1,050	582	291	873	1,050	
Office Supplies	260	10	5	15	260	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Outlay	250	-	83	83	250	

TOTAL ADMINISTRATIVE	$184,505	$156,333	$51,168	$207,501	$212,166	

Palm Glades	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

Operations & Maintenance
Field Expenditures

Landscape Maintenance	$200,435	$127,260	$63,630	$190,890	$200,435	
Porter Service	79,560	53,703	25,857	79,560	82,742	
Mulch	65,050	67,979	-	67,979	67,652	
Tree Trimming & Palm Pruning	39,000	34,045	4,955	39,000	40,560	
Landscape Fertilization and Pest Control	43,870	29,039	14,831	43,870	45,625	
Annuals	15,000	9,400	5,600	15,000	15,600	
Plants Replacement	50,000	42,367	7,633	50,000	52,000	
Irrigation System	23,940	15,200	15,200	30,400	23,940	
Irrigation Repairs	30,000	22,835	22,835	45,670	30,000	
Electricity	40,000	25,984	25,984	51,969	40,000	
Refuse	18,500	13,943	13,943	27,885	21,000	
Entrance Maintenance & Repairs	29,000	10,265	10,265	20,530	29,000	
Janitorial Supplies	4,200	-	1,400	1,400	4,200	
Lake Maintenance	13,500	6,070	3,035	9,105	13,500	
Lake Debris Removal	3,600	-	1,200	1,200	3,600	
Cleaning of Drainage System	22,000	5,500	2,750	8,250	22,000	
Pressure Cleaning - Sidewalk	20,000	20,650	-	20,650	21,000	
Field Management	25,054	16,703	8,351	25,054	26,807	
Security Services	661,128	362,465	181,232	543,697	661,128	
Holiday Decorations	45,000	39,865	-	39,865	45,000	
Sidewalk Repairs	50,000	51,150	-	51,150	50,000	
Contingency	60,000	83,350	15,000	98,350	100,000	
Capital Reserves	157,325	157,325	-	157,325	157,325	

TOTAL FIELD EXPENDITURES	$1,696,162	$1,195,096	$423,703	$1,618,799	$1,753,115	

Amenity Expenditures

Access Control (cards, systems, cameras maint.)	$5,000	$4,744	$2,372	$7,116	$5,000	
Air Conditioning Maintenance	7,000	2,990	1,495	4,485	7,000	
Basketball Court Repairs and Maintenance	10,000	7,950	3,333	11,283	10,000	
Cable & Internet Service	5,000	3,503	1,751	5,254	5,400	
IT Services	2,500	1,876	832	2,708	3,500	
Circuit Training Equipment Maintenance	6,350	4,846	2,423	7,268	11,280	
Sauna Equipment Maintenance	3,500	225	1,167	1,392	3,500	
Electricity	51,000	30,219	15,110	45,329	51,000	
Fire Alarm & Building Alarm Monitoring	8,000	2,772	1,386	4,157	8,000	
Gazebo and Trellis Repairs and Maintenance	11,000	-	3,667	3,667	11,000	
Holiday Decorations	14,100	11,395	-	11,395	14,100	
Property Insurance	69,300	63,194	-	63,194	70,000	
Flood Insurance	14,000	12,515	-	12,515	15,000	
Irrigation Repairs and Maintenance	5,000	-	1,667	1,667	5,000	
Janitorial Maintenance	72,000	48,200	24,000	72,200	77,700	
Janitorial Supplies	5,200	2,140	1,733	3,873	5,000	
Landscape Maintenance	30,540	15,680	7,840	23,520	30,540	
Landscape Replacement (Includes Mulching)	26,176	50,390	-	50,390	26,176	
Management Fees	260,000	175,041	84,959	260,000	260,000	
Office Equipment Maintenance	9,000	-	3,000	3,000	9,000	

Palm Glades	
Community Development District	
Adopted Budget	
General Fund	

TOTAL AMENITY EXPENDITURES	$972,594	$798,004	$279,188	$1,077,192	$1,080,241	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

Amenity Expenditures (continued)
Office Supplies/Clubhouse Supplies	
18,000	
16,379	
1,621	
18,000	
18,000	
Pest Control - Exterior	8,300	734	371	1,104	8,300	
Pest Control - Interior	3,500	1,304	659	1,963	3,500	
Pool, Spa and Waterpark Maintenance	45,000	30,320	14,680	45,000	48,000	
Pool, Spa and Waterpark Repairs	32,500	78,678	10,833	89,511	45,000	
Printing & Postage	2,400	-	800	800	2,400	
Property Taxes	500	793	-	793	500	
Repairs/Maintenance & Supplies (General)	50,000	19,095	9,547	28,642	50,000	
Residential Social Expenses	70,000	58,545	11,455	70,000	80,000	
Security	76,545	61,783	20,000	81,783	76,545	
Telephone	900	814	407	1,221	1,300	
Trash Collection/Recycling	6,500	-	2,167	2,167	6,500	
Water & Sewer	8,000	5,351	2,649	8,000	8,000	
Window Cleaning/Pressure Cleaning	4,000	-	4,000	4,000	4,000	
Contingency	31,783	86,529	43,265	129,794	100,000	

TOTAL EXPENDITURES	$2,853,261	$2,149,434	$754,058	$2,903,492	$3,045,522	

EXCESS REVENUES (EXPENDITURES)	$0	$684,954	$(684,954)	$(0)	$-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	3,147,392	
	(157,370) 	
 $  2,990,022 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family Phase 1 (2016)	372	$	661,678.18	$	1,537.14	$	1,778.70	$	241.57	
Multi Family Phase 1 (2016)	563	$	1,001,410.80	$	1,537.14	$	1,778.70	$	241.57	
Single Family Phase 2 (2017)	413	$	734,605.08	$	1,537.14	$	1,778.70	$	241.57	
Single Family 2021 Area Project (2021)	29	$	51,582.44	$	1,537.14	$	1,778.70	$	241.57	
Multi Family Phase 2 (2017)	364	$	647,448.55	$	1,537.14	$	1,778.70	$	241.57	
Single Family Annexed Area (2020)	43	$	50,666.60	$	1,045.65	$	1,178.29	$	132.65	

Total	1784	$  3,147,391.65	

Palm Glades	
Community Development District	
Budget Narrative	

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.	
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.	
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 Roll Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
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.	
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 – South Florida, LLC.	

Palm Glades	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	

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.	
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.	

Rentals & Leases	
The District will be charged $220 per month for office rent from Governmental Management Services – South Florida, LLC for housing all of the District's administrative files since the inception of the district.	
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.	
Capital Outlay	
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

Expenditures – Field	

Landscape Maintenance	
The District has a contract with Brightview Landscaping Company for the maintenance of the Common Areas only. Includes grass cutting and edging. Irrigation monthly wet check, quarterly fertilization, bi-monthly pest control and weed control. Additional	
Porter Services	
This represents various cleanups and maintenance throughout the District.	
Mulch	
The District will go into a contract for the mulching of Common Areas only.	
Tree Trimming & Palm Pruning	
The District will go into contract for the maintenance of tress which includes trimming of tress in the Common Areas only.	

Palm Glades	
Community Development District	
Budget Narrative	

Expenditures – Field (continued)	

Landscape Fertilization & Pest Control	
The District will go into contract for the fertilization of the palm trees on the Common Areas only.	
Plants Replacement	
The District will go into contract for the replacement of plants needed along the common areas.	
Irrigation System	
The District will go into contract for the maintenance of the irrigation system.	
Irrigation Repairs	
The District will go into contract for the repairs of the District’s irrigation system.	
Electricity	
FPL provides electricity for Common Area Lighting.	
Refuse	
The District has a contract with Waste Connections of Florida for monthly refuse service.	
Entrance Maintenance & Repairs	
The District will go into contract for the maintenance and repairs of the entrance.	
Janitorial Services	
The District has contracted with Brightview to conduct these services. This contract includes one (1) full time janitor for 40 hours per week. There is another Porter included in the current landscape agreement.	
Janitorial Supplies	
This includes any supplies needed for the maintenance of the common areas from Janitorial services.	
Lake Maintenance	
The District has a contract with Solitude Lake Management for the monthly cleaning of all lakes.	
Lake Debris Removal	
The District has a contract with Brightview Landscaping Company monthly debris removal from all lakes	
Cleaning of Drainage System	
The District will contract a company to clean the drainage system	
Pressure Cleaning - Sidewalk	
The District has contracted a company do pressure clean the sidewalks	
Field Management	
The District has a contract Governmental Management Services, South Florida, LLC for on-site management. The responsibilities include reviewing contracts and other maintenance related items.	
Security Services	
The District has a contract with Delta Five Security for security services	
Special Security Services	
The District will go into contract to have police officers patrol the areas.	
Holiday Decorations	
The District will hire a company to decorate the common grounds for the holidays.	
Sidewalk Repairs	
The District will contract a company for the repairs of the sidewalks.	
Contingency	
Any unbudgeted miscellaneous items.	
Capital Reserves	
Funds reserved for any unanticipated and unscheduled cost to the District.	

Palm Glades	
Community Development District	
Budget Narrative	

Expenditures – Clubhouse Maintenance	

Access Control	
Includes camera monthly fee, also includes access cards and repairs.	
Air Conditioning Maintenance Contract	
Estimated cost to maintain the air conditioning system.	
Basketball Court Repairs & Maintenance	
Estimated cost to maintain the basketball courts.	
Cable and Internet	
Estimated cost of cable TV and internet for the Club with Comcast and Ark Solvers as needed.	
IT Service Management	
The district will hire a company to proactively and remotely monitor and optimize the clubhouse networks and Sharepoints.	
Circuit Training Equipment Maintenance	
Estimated cost to maintain the circuit training equipment.	
Sauna Equipment Maintenance	
Estimated cost to maintain the sauna equipment.	
Electricity	
FPL provides electricity for the club house.	
Fire Alarm & Building Alarm Monitoring	
Estimated cost of the fire alarm and building alarm monitoring services.	
Gazebo and Trellis Repairs and Maintenance	
Estimated cost of the repairs for the gazebo and trellis repairs and maintenance.	
Holiday Decorations	
The District will hire a company to decorate the common grounds for the holidays.	
Property Insurance	
The District's property insurance is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.	
Flood Insurance	
The District acquried flood coverage with the National Flood Insurance Program (NFIP) as the property is located in a High Hazard Flood Zone.	
Irrigation Maintenance	
Irrigation system within the clubhouse areas, which includes monthly wet check and irrigation system repair materials.	
Janitorial Services	
The District has contracted with All professional Cleaning to conduct these services. This contract includes one (1) full time janitor for 40 hours per week.	
Landscape Maintenance	
The district has a contract with Tony's Nursery & Garden to maintain the lawn and plants around the clubhouse.	
Landscape Replacement	
The district contracted Tony's Nursery & Garden for all plant replacements and annual mulching around the clubhouse.	
Management Fees	
Onsite management fees for the clubhouse.	
Office Equipment Maintenance	
Reflects the maintenance agreement for the copier plus any repairs to other office equipment.	

Palm Glades	
Community Development District	
Budget Narrative	

Expenditures – Clubhouse Maintenance (continued)	
Office Supplies/Clubhouse Supplies	
Supplies to run Club and Club Office.	
Pest Control	
Preventative maintenance for bugs and rodents.	
Pool, Spa and Waterpark Maintenance	
Cost to maintain the pool, does not include repairs.	
Pool, Spa and Waterpark Repairs	
Cost to make unanticipated repairs to the pool.	
Printing and Postage	
The cost of any printing and postage associated with the club house.	
Property Taxes	
The counties property taxes for the club house	
Repairs/Maintenance & Supplies	
Maintenance expenditures required to repair and maintain the Club.	
Residential Social Expenses	
Expenses related to Social Events.	
Security	
Night watch as needed.	
Telephone	
Cost of telephone lines for telephone, internet, fax and alarm systems.	
Trash Collection/Recycling	
Cost of trash and recycling removal.	
Water & Sewer	
Water and sewer cost for the Club.	
Window Cleaning/Pressure Cleaning	
Cost of cleaning the windows and pressure cleaning	
Contingency	
Any unscheduled repairs and maintenance that the District should incur during the fiscal year.	

Palm Glades	
Community Development District	
Adopted Budget	
Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Capital Reserve Contribution	$157,325	$157,325	$-	$157,325	$157,325	
Interest Income	5,000	14,176	14,176	28,353	5,000	
Carry Forward Surplus	476,787	481,318	-	481,318	621,680	

TOTAL REVENUES	$639,112	$652,819	$14,176	$666,996	$784,005	

EXPENDITURES:

Capital Reserve Expenses	$-	$44,500	$-	$44,500	$-	
Other Current Charges/Bank	500	543	272	815	500	

TOTAL EXPENDITURES	$500	$45,043	$272	$45,315	$500	

EXCESS REVENUES (EXPENDITURES)	$638,612	$607,776	$13,905	$621,680	$783,505	

Palm Glades	
Community Development District	
Adopted Budget	
Debt Service Series 2016 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$899,599	$888,383	$11,216	$899,599	$899,599	
Interest Earnings	15,000	37,708	18,854	56,562	15,000	
Carry Forward Surplus (1)	685,776	637,564	-	637,564	709,562	

TOTAL REVENUES	$1,600,374	$1,563,655	$30,070	$1,593,724	$1,624,161	

EXPENDITURES:

Interest - 11/1	$152,081	$152,081	$-	$152,081	$141,206	
Principal Expense - 5/1	580,000	580,000	-	580,000	605,000	
Interest Expense - 5/1	152,081	152,081	-	152,081	141,206	

TOTAL EXPENDITURES	$884,163	$884,163	$-	$884,163	$887,413	

TOTAL EXPENDITURES	$884,163	$884,163	$-	$884,163	$887,413	

EXCESS REVENUES (EXPENDITURES)	$716,212	$679,492	$30,070	$709,562	$736,748	

Interest Due 11/1/27	$129,863	
	$129,863	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	946,946	
	(47,347) 	
 $	899,599 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family Phase 1 (2016)	372	$	404,765.76	$	1,088.08	$	1,088.08	$	-	
Multi Family Phase 1 (2016)	563	$	542,180.26	$	963.02	$	963.02	$	-	

Total	935	$ 946,946.02	

Palm Glades	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2016 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	7,265,000	3.750%	-	141,206	873,287.50	
05/01/27	7,265,000	3.750%	605,000	141,206		
11/01/27	6,660,000	3.750%	-	129,863	876,068.75	
05/01/28	6,660,000	3.750%	630,000	129,863		
11/01/28	6,030,000	3.750%	-	118,050	877,912.50	
05/01/29	6,030,000	3.750%	655,000	118,050		
11/01/29	5,375,000	3.750%	-	105,769	878,818.75	
05/01/30	5,375,000	3.750%	680,000	105,769		
11/01/30	4,695,000	3.750%	-	93,019	878,787.50	
05/01/31	4,695,000	3.750%	705,000	93,019		
11/01/31	3,990,000	3.750%	-	79,800	877,818.75	
05/01/32	3,990,000	4.000%	735,000	79,800		
11/01/32	3,255,000	4.000%	-	65,100	879,900.00	
05/01/33	3,255,000	4.000%	765,000	65,100		
11/01/33	2,490,000	4.000%	-	49,800	879,900.00	
05/01/34	2,490,000	4.000%	795,000	49,800		
11/01/34	1,695,000	4.000%	-	33,900	878,700.00	
05/01/35	1,695,000	4.000%	830,000	33,900		
11/01/35	865,000	4.000%	-	17,300	881,200.00	
05/01/36	865,000	4.000%	865,000	17,300	882,300.00	

Total	$7,265,000	$1,667,613	$8,932,613	

Palm Glades	
Community Development District	
Adopted Budget	
Debt Service Series 2017 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$727,253	$721,849	$5,404	$727,253	$727,253	
Interest Earnings	10,000	16,037	8,018	24,055	10,000	
Carry Forward Surplus (1)	278,235	271,842	-	271,842	290,050	

TOTAL REVENUES	$1,015,488	$1,009,728	$13,422	$1,023,150	$1,027,303	

EXPENDITURES:

Interest - 11/1	$179,050	$179,050	$-	$179,050	$171,550	
Interest - 5/1	179,050	179,050	-	179,050	171,550	
Principal - 5/1	375,000	375,000	-	375,000	390,000	

TOTAL EXPENDITURES	$733,100	$733,100	$-	$733,100	$733,100	

EXCESS REVENUES (EXPENDITURES)	$282,388	$276,628	$13,422	$290,050	$294,203	

Interest Due 11/1/27	$171,550	
	$171,550	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	765,529	
	(38,276) 	
 $	727,253 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family Phase 2 (2017)	413	$	429,251.55	$	1,039.35	$	1,039.35	$	-	
Multi Family Phase 2 (2017)	364	$	336,277.76	$	923.84	$	923.84	$	-	

Total	777	$  765,529.31	

Palm Glades	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2017 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	6,940,000	4.000%	-	171,550	725,600.00	
05/01/27	6,940,000	4.000%	390,000	171,550		
11/01/27	6,550,000	5.000%	-	163,750	725,300.00	
05/01/28	6,550,000	5.000%	410,000	163,750		
11/01/28	6,140,000	5.000%	-	153,500	727,250.00	
05/01/29	6,140,000	5.000%	430,000	153,500		
11/01/29	5,710,000	5.000%	-	142,750	726,250.00	
05/01/30	5,710,000	5.000%	450,000	142,750		
11/01/30	5,260,000	5.000%	-	131,500	724,250.00	
05/01/31	5,260,000	5.000%	475,000	131,500		
11/01/31	4,785,000	5.000%	-	119,625	726,125.00	
05/01/32	4,785,000	5.000%	500,000	119,625		
11/01/32	4,285,000	5.000%	-	107,125	726,750.00	
05/01/33	4,285,000	5.000%	525,000	107,125		
11/01/33	3,760,000	5.000%	-	94,000	726,125.00	
05/01/34	3,760,000	5.000%	550,000	94,000		
11/01/34	3,210,000	5.000%	-	80,250	724,250.00	
05/01/35	3,210,000	5.000%	580,000	80,250		
11/01/35	2,630,000	5.000%	-	65,750	726,000.00	
05/01/36	2,630,000	5.000%	610,000	65,750		
11/01/36	2,020,000	5.000%	-	50,500	726,250.00	
05/01/37	2,020,000	5.000%	640,000	50,500		
11/01/37	1,380,000	5.000%	-	34,500	725,000.00	
05/01/38	1,380,000	5.000%	675,000	34,500		
11/01/38	705,000	5.000%	-	17,625	727,125.00	
05/01/39	705,000	5.000%	705,000	17,625	722,625.00	

Total	$6,940,000	$2,664,850	$9,604,850	

Palm Glades	
Community Development District	
Adopted Budget	
Debt Service Series 2018A1/A2 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$682,304	$675,388	$6,916	$682,304	$682,304	
Interest Earnings	20,000	24,674	12,337	37,010	20,000	
Carry Forward Surplus (1)	634,459	622,539	-	622,539	668,757	

TOTAL REVENUES	$1,336,763	$1,322,601	$19,252	$1,341,853	$1,371,061	

EXPENDITURES:

Series 2018A1						
Interest - 11/1	$167,945	$167,945	$-	$167,945	$164,183	
Principal - 11/1	215,000	215,000	-	215,000	225,000	
Interest - 5/1	164,183	164,183	-	164,183	160,245	

Series 2018A2						
Interest - 11/1	43,434	43,434	-	43,434	42,534	
Principal - 11/1	40,000	40,000	-	40,000	40,000	
Interest - 5/1	42,534	42,534	-	42,534	41,634	

TOTAL EXPENDITURES	$673,096	$673,096	$-	$673,096	$673,596	

EXCESS REVENUES (EXPENDITURES)	$663,667	$649,505	$19,252	$668,757	$697,465	

A1 Interest Due 11/1/27	$160,245	
A1 Principal Due 11/1/27	$230,000	
A2 Interest Due 11/1/27	$41,634	
A2 Principal Due 11/1/27	$45,000	
	$476,879	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	718,215	
	(35,911) 	
 $	682,304 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family Phase 1 (2016)	372	$	153,461.16	$	412.53	$	412.53	$	-	
Multi Family Phase 1 (2016)	563	$	232,254.39	$	412.53	$	412.53	$	-	
Single Family Phase 2 (2017)	413	$	170,374.89	$	412.53	$	412.53	$	-	
Single Family 2021 Area Project (2021)	29	$	11,963.37	$	412.53	$	412.53	$	-	
Multi Family Phase 2 (2017)	364	$	150,160.92	$	412.53	$	412.53	$	-	

Total	1741	$  718,214.73	

Palm Glades	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2018 A1 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	8,075,000	3.500%	225,000	164,183	553,365.00	
05/01/27	7,850,000	3.500%	-	160,245		
11/01/27	7,850,000	3.500%	230,000	160,245	550,490.00	
05/01/28	7,620,000	3.500%	-	156,220		
11/01/28	7,620,000	3.500%	240,000	156,220	552,440.00	
05/01/29	7,380,000	3.500%	-	152,020		
11/01/29	7,380,000	4.000%	245,000	152,020	549,040.00	
05/01/30	7,135,000	4.000%	-	147,120		
11/01/30	7,135,000	4.000%	255,000	147,120	549,240.00	
05/01/31	6,880,000	4.000%	-	142,020		
11/01/31	6,880,000	4.000%	265,000	142,020	549,040.00	
05/01/32	6,615,000	4.000%	-	136,720		
11/01/32	6,615,000	4.000%	280,000	136,720	553,440.00	
05/01/33	6,335,000	4.000%	-	131,120		
11/01/33	6,335,000	4.000%	290,000	131,120	552,240.00	
05/01/34	6,045,000	4.000%	-	125,320		
11/01/34	6,045,000	4.000%	300,000	125,320	550,640.00	
05/01/35	5,745,000	4.000%	-	119,320		
11/01/35	5,745,000	4.000%	310,000	119,320	548,640.00	
05/01/36	5,435,000	4.000%	-	113,120		
11/01/36	5,435,000	4.000%	325,000	113,120	551,240.00	
05/01/37	5,110,000	4.000%	-	106,620		
11/01/37	5,110,000	4.000%	340,000	106,620	553,240.00	
05/01/38	4,770,000	4.000%	-	99,820		
11/01/38	4,770,000	4.000%	350,000	99,820	549,640.00	
05/01/39	4,420,000	4.000%	-	92,820		
11/01/39	4,420,000	4.200%	365,000	92,820	550,640.00	
05/01/40	4,055,000	4.200%	-	85,155		
11/01/40	4,055,000	4.200%	380,000	85,155	550,310.00	
05/01/41	3,675,000	4.200%	-	77,175		
11/01/41	3,675,000	4.200%	395,000	77,175	549,350.00	
05/01/42	3,280,000	4.200%	-	68,880		
11/01/42	3,280,000	4.200%	415,000	68,880	552,760.00	
05/01/43	2,865,000	4.200%	-	60,165		
11/01/43	2,865,000	4.200%	430,000	60,165	550,330.00	
05/01/44	2,435,000	4.200%	-	51,135		
11/01/44	2,435,000	4.200%	450,000	51,135	552,270.00	
05/01/45	1,985,000	4.200%	-	41,685		
11/01/45	1,985,000	4.200%	465,000	41,685	548,370.00	
05/01/46	1,520,000	4.200%	-	31,920		
11/01/46	1,520,000	4.200%	485,000	31,920	548,840.00	
05/01/47	1,035,000	4.200%	-	21,735		
11/01/47	1,035,000	4.200%	505,000	21,735	548,470.00	
05/01/48	530,000	4.200%		11,130		
11/01/48	-	4.200%	530,000	11,130	552,260.00	
Total			$8,075,000	$4,427,113	$12,502,113	

Palm Glades	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2018 A2 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	1,690,000	4.500%	40,000	42,534	125,068.75	
05/01/27	1,650,000	4.500%	-	41,634		
11/01/27	1,650,000	4.500%	45,000	41,634	128,268.75	
05/01/28	1,605,000	4.500%	-	40,622		
11/01/28	1,605,000	4.500%	45,000	40,622	126,243.75	
05/01/29	1,560,000	4.500%	-	39,609		
11/01/29	1,560,000	5.000%	45,000	39,609	124,218.75	
05/01/30	1,515,000	5.000%	-	38,484		
11/01/30	1,515,000	5.000%	50,000	38,484	126,968.75	
05/01/31	1,465,000	5.000%	-	37,234		
11/01/31	1,465,000	5.000%	50,000	37,234	124,468.75	
05/01/32	1,415,000	5.000%	-	35,984		
11/01/32	1,415,000	5.000%	55,000	35,984	126,968.75	
05/01/33	1,360,000	5.000%	-	34,609		
11/01/33	1,360,000	5.000%	55,000	34,609	124,218.75	
05/01/34	1,305,000	5.000%	-	33,234	.	
11/01/34	1,305,000	5.000%	60,000	33,234	126,468.75	
05/01/35	1,245,000	5.000%	-	31,734		
11/01/35	1,245,000	5.000%	65,000	31,734	128,468.75	
05/01/36	1,180,000	5.000%	-	30,109		
11/01/36	1,180,000	5.000%	65,000	30,109	125,218.75	
05/01/37	1,115,000	5.000%	-	28,484		
11/01/37	1,115,000	5.000%	70,000	28,484	126,968.75	
05/01/38	1,045,000	5.000%	-	26,734		
11/01/38	1,045,000	5.000%	70,000	26,734	123,468.75	
05/01/39	975,000	5.000%	-	24,984		
11/01/39	975,000	5.125%	75,000	24,984	124,968.75	
05/01/40	900,000	5.125%	-	23,063		
11/01/40	900,000	5.125%	80,000	23,063	126,125.00	
05/01/41	820,000	5.125%	-	21,013		
11/01/41	820,000	5.125%	85,000	21,013	127,025.00	
05/01/42	735,000	5.125%	-	18,834		
11/01/42	735,000	5.125%	90,000	18,834	127,668.75	
05/01/43	645,000	5.125%	-	16,528		
11/01/43	645,000	5.125%	95,000	16,528	128,056.25	
05/01/44	550,000	5.125%	-	14,094		
11/01/44	550,000	5.125%	100,000	14,094	128,187.50	
05/01/45	450,000	5.125%	-	11,531		
11/01/45	450,000	5.125%	105,000	11,531	128,062.50	
05/01/46	345,000	5.125%	-	8,841		
11/01/46	345,000	5.125%	110,000	8,841	127,681.25	
05/01/47	235,000	5.125%	-	6,022		
11/01/47	235,000	5.125%	115,000	6,022	127,043.75	
05/01/48	120,000	5.125%		3,075		
11/01/48	120,000	5.125%	120,000	3,075	126,150.00	
Total			$1,730,000	$1,261,422	$2,991,422	

Palm Glades	
Community Development District	
Adopted Budget	
Debt Service Series 2020 Special Assessment Bonds (Expansion Area)	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$51,000	$50,621	$379	$51,000	$51,000	
Interest Earnings	1,000	1,920	960	2,880	1,000	
Carry Forward Surplus (1)	34,884	33,693	-	33,693	36,973	

TOTAL REVENUES	$86,884	$86,234	$1,339	$87,573	$88,973	

EXPENDITURES:

Interest - 11/1	$15,300	$15,300	$-	$15,300	$14,900	
Principal Expense - 5/1	20,000	20,000	-	20,000	20,000	
Interest Expense - 5/1	15,300	15,300	-	15,300	14,900	

TOTAL EXPENDITURES	$50,600	$50,600	$-	$50,600	$49,800	

EXCESS REVENUES (EXPENDITURES)	$36,284	$35,634	$1,339	$36,973	$39,173	

Interest Due 11/1/27	$14,500	
	$14,500	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	53,684	
	(2,684) 	
 $	51,000 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family Annexed Area (2020)	43	$	53,684.21	$	1,248.47	$	1,248.47	$	-	

Total	43	$  53,684.21	

Palm Glades	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2020 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	745,000	4.000%	-	14,900	50,200.00	
05/01/27	745,000	4.000%	20,000	14,900		
11/01/27	725,000	4.000%	-	14,500	49,400.00	
05/01/28	725,000	4.000%	20,000	14,500		
11/01/28	705,000	4.000%	-	14,100	48,600.00	
05/01/29	705,000	4.000%	20,000	14,100		
11/01/29	685,000	4.000%	-	13,700	47,800.00	
05/01/30	685,000	4.000%	20,000	13,700		
11/01/30	665,000	4.000%	-	13,300	47,000.00	
05/01/31	665,000	4.000%	20,000	13,300		
11/01/31	645,000	4.000%	-	12,900	46,200.00	
05/01/32	645,000	4.000%	25,000	12,900		
11/01/32	620,000	4.000%	-	12,400	50,300.00	
05/01/33	620,000	4.000%	25,000	12,400		
11/01/33	595,000	4.000%	-	11,900	49,300.00	
05/01/34	595,000	4.000%	25,000	11,900		
11/01/34	570,000	4.000%	-	11,400	48,300.00	
05/01/35	570,000	4.000%	25,000	11,400		
11/01/35	545,000	4.000%	-	10,900	47,300.00	
05/01/36	545,000	4.000%	25,000	10,900		
11/01/36	520,000	4.000%	-	10,400	46,300.00	
05/01/37	520,000	4.000%	30,000	10,400		
11/01/37	490,000	4.000%	-	9,800	50,200.00	
05/01/38	490,000	4.000%	30,000	9,800		
11/01/38	460,000	4.000%	-	9,200	49,000.00	
05/01/39	460,000	4.000%	30,000	9,200		
11/01/39	430,000	4.000%	-	8,600	47,800.00	
05/01/40	430,000	4.000%	30,000	8,600		
11/01/40	400,000	4.000%	-	8,000	46,600.00	
05/01/41	400,000	4.000%	35,000	8,000		
11/01/41	365,000	4.000%	-	7,300	50,300.00	
05/01/42	365,000	4.000%	35,000	7,300		
11/01/42	330,000	4.000%	-	6,600	48,900.00	
05/01/43	330,000	4.000%	35,000	6,600		
11/01/43	295,000	4.000%	-	5,900	47,500.00	
05/01/44	295,000	4.000%	35,000	5,900		
11/01/44	260,000	4.000%	-	5,200	46,100.00	
05/01/45	260,000	4.000%	40,000	5,200		
11/01/45	220,000	4.000%	-	4,400	49,600.00	
05/01/46	220,000	4.000%	40,000	4,400		
11/01/46	180,000	4.000%	-	3,600	48,000.00	
05/01/47	180,000	4.000%	40,000	3,600		
11/01/47	140,000	4.000%	-	2,800	46,400.00	
05/01/48	140,000	4.000%	45,000	2,800		
11/01/48	95,000	4.000%	-	1,900	49,700.00	
05/01/49	95,000	4.000%	45,000	1,900		
11/01/49	50,000	4.000%	-	1,000	47,900.00	
05/01/50	50,000	4.000%	50,000	1,000	51,000.00	

Total	$745,000	$429,400	$1,174,400	

Palm Glades	
Community Development District	
Adopted Budget	
Debt Service Series 2021 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY 2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$30,769	$30,540	$229	$30,769	$30,769	
Interest Earnings	500	871	436	1,307	500	
Carry Forward Surplus (1)	28,487	28,471	-	28,471	30,017	

TOTAL REVENUES	$59,756	$59,882	$664	$60,546	$61,286	

EXPENDITURES:

Interest - 12/15	$8,836	$8,836	$-	$8,836	$8,693	
Principal - 12/15	13,000	13,000	-	13,000	13,000	
Interest - 6/15	8,693	-	8,693	8,693	8,550	

TOTAL EXPENDITURES	$30,530	$21,836	$8,693	$30,530	$30,244	

EXCESS REVENUES (EXPENDITURES)	$29,226	$38,046	$(8,029)	$30,017	$31,042	

Interest Due 12/15/27	$8,550.25	
Principal Due 12/15/27	$13,000.00	
	$21,550.25	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	32,388	
	(1,619) 	
 $	30,769 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family 2021 Area Project (2021)	29	$	32,388.36	$	1,116.84	$	1,116.84	$	-	

Total	29	$  32,388.36	

Palm Glades	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/26	501,000	2.200%	13,000	8,693	30,386.50	
06/15/27	488,000	2.700%	-	8,550		
12/15/27	488,000	2.700%	13,000	8,550	30,100.50	
06/15/28	475,000	2.700%	-	8,375		
12/15/28	475,000	2.700%	13,000	8,375	29,749.50	
06/15/29	462,000	2.700%	-	8,199		
12/15/29	462,000	2.700%	14,000	8,199	30,398.50	
06/15/30	448,000	2.700%	-	8,010		
12/15/30	448,000	2.700%	14,000	8,010	30,020.50	
06/15/31	434,000	2.700%	-	7,821		
12/15/31	434,000	2.700%	15,000	7,821	30,642.50	
06/15/32	419,000	3.125%	-	7,619		
12/15/32	419,000	3.125%	15,000	7,619	30,237.50	
06/15/33	404,000	3.125%	-	7,384		
12/15/33	404,000	3.125%	16,000	7,384	30,768.75	
06/15/34	388,000	3.125%	-	7,134		
12/15/34	388,000	3.125%	16,000	7,134	30,268.75	
06/15/35	372,000	3.125%	-	6,884		
12/15/35	372,000	3.125%	16,000	6,884	29,768.75	
06/15/36	356,000	3.125%	-	6,634		
12/15/36	356,000	3.125%	17,000	6,634	30,268.75	
06/15/37	339,000	3.125%	-	6,369		
12/15/37	339,000	3.125%	18,000	6,369	30,737.50	
06/15/38	321,000	3.125%	-	6,088		
12/15/38	321,000	3.125%	18,000	6,088	30,175.00	
06/15/39	303,000	3.125%	-	5,806		
12/15/39	303,000	3.125%	19,000	5,806	30,612.50	
06/15/40	284,000	3.125%	-	5,509		
12/15/40	284,000	3.125%	19,000	5,509	30,018.75	
06/15/41	265,000	3.125%	-	5,213		
12/15/41	265,000	3.125%	20,000	5,213	30,425.00	
06/15/42	245,000	4.000%	-	4,900		
12/15/42	245,000	4.000%	20,000	4,900	29,800.00	
06/15/43	225,000	4.000%	-	4,500		
12/15/43	225,000	4.000%	21,000	4,500	30,000.00	
06/15/44	204,000	4.000%	-	4,080		
12/15/44	204,000	4.000%	22,000	4,080	30,160.00	
06/15/45	182,000	4.000%	-	3,640		
12/15/45	182,000	4.000%	23,000	3,640	30,280.00	
06/15/46	159,000	4.000%	-	3,180		
12/15/46	159,000	4.000%	24,000	3,180	30,360.00	
06/15/47	135,000	4.000%	-	2,700		
12/15/47	135,000	4.000%	25,000	2,700	30,400.00	
06/15/48	110,000	4.000%	-	2,200		
12/15/48	110,000	4.000%	26,000	2,200	30,400.00	
06/15/49	84,000	4.000%	-	1,680		
12/15/49	84,000	4.000%	27,000	1,680	30,360.00	
06/15/50	57,000	4.000%	-	1,140		
12/15/50	57,000	4.000%	28,000	1,140	30,280.00	
06/15/51	29,000	4.000%	-	580		
12/15/51	29,000	4.000%	29,000	580	30,160.00	
Total			$501,000	$277,086	$778,086	

Palm Glades	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	
O&M Units	
Bonds Units 2018 Clubhouse	
Bonds Units all others	

Annual Maintenance Assessments	

Annual Debt Assessments	

Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
				Admin and Field	Clubhouse	Total	Admin and Field	Clubhouse	Total		All other Bonds	Bonds Clubhouse	All other Bonds	Bonds Clubhouse		Total	Total	Total	

Single Family Phase 1 (2016)	
372	
372	
372	
$1,178.29	
$600.41	
$1,778.70	
$1,045.65	
$491.49	
$1,537.14	
$241.57	
$1,088.08	
$412.53	
$1,088.08	
$412.53	
$0.00	
$3,279.31	
$3,037.75	
$241.57	
Multi Family Phase 1 (2016)	563	563	563	$1,178.29	$600.41	$1,778.70	$1,045.65	$491.49	$1,537.14	$241.57	$963.02	$412.53	$963.02	$412.53	$0.00	$3,154.25	$2,912.69	$241.57	
Single Family Phase 2 (2017)	413	413	413	$1,178.29	$600.41	$1,778.70	$1,045.65	$491.49	$1,537.14	$241.57	$1,039.35	$412.53	$1,039.35	$412.53	$0.00	$3,230.58	$2,989.02	$241.57	
Single Family 2021 Area Project (2021)	29	29	29	$1,178.29	$600.41	$1,778.70	$1,045.65	$491.49	$1,537.14	$241.57	$1,116.84	$412.53	$1,116.84	$412.53	$0.00	$3,308.07	$3,066.51	$241.57	
Multi Family Phase 2 (2017)	364	364	364	$1,178.29	$600.41	$1,778.70	$1,045.65	$491.49	$1,537.14	$241.57	$923.84	$412.53	$923.84	$412.53	$0.00	$3,115.07	$2,873.51	$241.57	
Single Family Annexed Area (2020)	43	0	43	$1,178.29	$0.00	$1,178.29	$1,045.65	$0.00	$1,045.65	$132.65	$1,248.47	$0.00	$1,248.47	$0.00	$0.00	$2,426.76	$2,294.12	$132.65	
Total	1784	1741	1784										

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