Indigo East
Community Development District

Proposed Budget
FY 2027

Table of Contents

1-2

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General Fund

General Fund Narrative

Debt Service Fund - Series 2016

Amortization Schedule - Series 2016

Capital Reserves Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	

Revenues						
Maintenance Assessments	$	366,060	$	356,506	$	9,554	$	366,060	$	366,060	
Interest	$	115	$	1,334	$	1,111	$	2,445	$	1,223	
Total Revenues	$	366,176	$	357,840	$	10,666	$	368,505	$	367,283	

Expenditures						
General & Administrative						
Supervisor Fees	$	4,000	$	2,000	$	2,000	$	4,000	$	4,000	
FICA Expense	$	306	$	122	$	153	$	275	$	306	
Engineering	$	4,000	$	250	$	3,750	$	4,000	$	10,000	
Trustee Fees	$	2,255	$	2,128	$	-	$	2,128	$	2,255	
Dissemination	$	2,866	$	1,533	$	1,433	$	2,966	$	3,010	
Arbitrage	$	450	$	450	$	-	$	450	$	450	
Assessment Roll	$	5,732	$	5,732	$	-	$	5,732	$	6,019	
Attorney	$	6,100	$	3,480	$	2,620	$	6,100	$	6,100	
Annual Audit	$	3,400	$	3,300	$	-	$	3,300	$	3,400	
Management Fees	$	9,836	$	4,918	$	4,918	$	9,836	$	10,328	
Information Technology	$	918	$	459	$	459	$	918	$	964	
Website Maintenance	$	688	$	344	$	344	$	688	$	722	
Postage	$	600	$	215	$	300	$	515	$	600	
Printing & Binding	$	500	$	327	$	173	$	500	$	500	
Insurance	$	9,515	$	8,194	$	-	$	8,194	$	9,013	
Legal Advertising	$	1,000	$	-	$	850	$	850	$	1,000	
Other Current Charges	$	1,200	$	375	$	600	$	975	$	1,200	
Office Supplies	$	200	$	1	$	100	$	101	$	200	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	53,742	$	34,003	$	17,700	$	51,703	$	60,242	

Description	Adopted Budget
FY2026	Actuals Thru
3/31/26	Projected Next
6 Months	Projected Thru
9/30/26	Proposed Budget
FY2027	

Operations & Maintenance						
Property Insurance	$	883	$	738	$	-	$	738	$	701	
Water Expense	$	2,724	$	1,196	$	1,362	$	2,558	$	2,724	
Electric Expense	$	56,042	$	33,724	$	28,907	$	62,631	$	59,000	
Irrigation Repairs	$	2,925	$	-	$	1,463	$	1,463	$	2,925	
Retention Ponds/ROW Maintenance	$	188,253	$	88,465	$	99,789	$	188,253	$	188,253	
Plant Replacement	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Tree Trimming	$	1,000	$	-	$	500	$	500	$	1,000	
Pressure Washing	$	18,207	$	-	$	18,207	$	18,207	$	18,207	
Well Maintenance/Repairs	$	4,050	$	6,609	$	-	$	6,609	$	4,050	
Contingency	$	10,850	$	-	$	5,425	$	5,425	$	5,000	
Total Operations & Maintenance:	$	287,434	$	130,731	$	156,902	$	287,633	$	284,360	

Other Expenditures						
Transfer Out - Capital Reserve	$	25,000	$	-	$	25,000	$	25,000	$	22,681	
Total Other Expenditures	$	25,000	$	-	$	25,000	$	25,000	$	22,681	
						
Total Expenditures	$	366,176	$	164,735	$	199,601	$	364,336	$	367,283	
						
Excess Revenues/(Expenditures)	$	-	$	193,105	$	(188,936)	$	4,170	$	-	
		
FY2024	
FY2025	
FY2026	
FY2027	
	Net Assessments	$333,934	$333,934	$366,060	$366,060	
	Discounts & Collections (6%)	$21,315	$21,315	$23,366	$23,366	
	Gross Assessments	$355,249	$355,249	$389,426	$389,426	
	
Total Units	
605	
605	
605	
605	
	Assessments per Unit	$587	$587	$644	$644	

Revenues:

Maintenance Assessments

The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund all General Operating and Maintenance Expenditures for the Fiscal Year.

Interest

The District receives interest earnings from its cash balance in the Truist operating account.

Expenditures:

Administrative:

Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. This amount is based upon 5 Supervisors attending 4 monthly meetings.

FICA Expense

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

Engineering

The District’s engineer provides general engineering services to the District, e.g., attendance and preparation for monthly meetings, reviewing invoices, and various projects assigned as directed by the Board of Supervisors. The District currently has an agreement with Dewberry Engineers Inc.

Trustee Fees

The District issued Series 2016 Special Assessment Refunding Bonds that are administered by a Trustee at US Bank.

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 unrated bond issues. The District currently contracted with Governmental Management Services – Central Florida, LLC.

Arbitrage

The District has contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2016 Special Assessment Refunding Bonds.

Assessment Roll

Governmental Management Services – Central Florida, LLC serves as the District’s collection agent and certifies the District’s non-ad valorem assessments with the county tax collector.

Attorney

The District’s legal counsel provides general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. The District currently has an agreement with Colen & Wagoner P.A.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Grau & Associates for this service.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Postage

Mailing of agenda packages, overnight deliveries, checks for vendors and any other required correspondence.

Printing & Binding

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

Insurance

The District’s general liability & public officials liability insurance policy is with Florida Insurance Alliance. The Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation. The District does most of its legal advertising with CA Florida Holdings LLC.

Other Current Charges

Includes bank charges and any other miscellaneous expenses that are incurred during the 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 Department of Commerce for $175. This is the only expense under this category for the District.

Maintenance:

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Water & Sewer

To record the water cost of irrigation charges to the common area. The District has the following accounts with Bay Laurel Center CDD.

Address	Monthly	Annually	
80th Terrace Median	$50	$600	
82nd/78th Terrace Median	$100	$1,200	
77th Court Culdesac	$30	$360	
Contingency			$564 	
		$2,724	

Electric Expense

To record the electric cost of lighting service. The District has the following account with Sumter Electric Cooperative, Inc. (SECO).

Description	Monthly	Annually	
Streetlighting	$4,738.5	$56,862	
Contingency			$2,138 	
TOTAL		$59,000	

Irrigation Repairs

To record the cost of various repairs that may be needed to the irrigation system.

Retention Ponds/ROW Maintenance

The District has contracted with Yellowstone Landscape – Southeast, LLC to provide the following services:

Turf Maintenance
A. Turf areas unless otherwise speciﬁed will be mowed on a weekly basis in the growing season (April through October). During months not speciﬁed in the growing season (November through March) the turf will be mowed at least twice a month unless abnormal conditions arise. Typical yearly mowing schedules will allow for 38 mowings per year.

Edging / String Trimming
A.  Edging of all hard edges: Sidewalks, Driveways, Curb lines etc. adjacent to maintained property will be edged on a weekly basis during the growing season in conjunction with the maintenance schedule. All storm water culverts will be string trimmed on a weekly basis during the growing season in conjunction with the maintenance schedule to ensure vegetation will not obstruct discharge culvert area.
Edging of all landscape beds will be done on a weekly basis to provide a crisp edge. Retention ponds with beds areas will be edged using mechanical equipment such as an edger, string trimmer. Herbicidal edging is will not be acceptable. Bed lines will be edged with the intent to keep the same original design and will be enlarged if plant material growth warrants.

Bed Maintenance
A. Beds are to be free of weeds, trash and other debris at all times. Pre-emergent and post—herbicidal applications may be used to help control weed growth but hand weeding will be done “as needed."

Tree Maintenance, Pruning and Fertilization
A. Tree staking materials will be adjusted, tightened, or removed to ensure proper growth.

Turf Fertilization
A.  St. Augustine Turf will be fertilized (3) times a year.

Mulch
A.  Pine Straw mulch will be added twice per year in landscape bed areas.

Description	Monthly	Annually	
Yellowstone Landscape – Southeast, LLC	$10,800	$129,600	
Pine Straw		$53,328	
Contingency			$5,325 	
TOTAL		$188,253	

Plant Replacement

Estimated cost to replace damaged plants within the District.

Tree Trimming

Estimated cost for tree trimming within the District.

Pressure Washing

Estimated cost to pressure wash, annually, curbs, sidewalks and common areas maintained by the District.

Well Maintenance/Repairs

Estimated cost for repairs and maintenance of the two wells.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:

Transfer Out - Capital Reserve

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Indigo East
Community Development District Proposed Budget
Debt Service Fund Series 2016

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	

Revenues						
Assessments - Tax Roll	$	80,774	$	77,408	$	3,366	$	80,774	$	80,774	
Assessments - Prepayments	$	-	$	3,841	$	-	$	3,841	$	-	
Interest Income	$	3,203	$	2,651	$	2,209	$	4,860	$	2,430	
Carry Forward Surplus	$	108,341	$	115,739	$	-	$	115,739	$	108,554	
Total Revenues	$	192,318	$	199,638	$	5,575	$	205,213	$	191,758	

Expenditures						
Special Call - 11/1	$	-	$	10,000	$	-	$	10,000	$	-	
Interest - 11/1	$	15,938	$	15,938	$	-	$	15,938	$	14,681	
Principal - 5/1	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
Special Call - 5/1	$	-	$	5,000	$	-	$	5,000	$	-	
Interest - 5/1	$	15,938	$	-	$	15,722	$	15,722	$	14,681	
Total Expenditures	$	81,875	$	30,938	$	65,722	$	96,659	$	79,363	
						
Excess Revenues/(Expenditures)	$	110,443	$	168,701	$	(60,147)	$	108,554	$	112,395	
				
Principal - 11/1	
$	13,650.00	
				Net Assessments	$80,774	
Discounts & Collections (6%) 	$5,156 	
Gross Assessments	$85,930	

Total Units 		178  Assessments per Unit 	$483 

Indigo East Community Development District Series 2016 Special Assessment Bonds
Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	
									
11/01/26	$	715,000.00	$	-	$	14,681.25	$	14,681.25	
05/01/27	$	715,000.00	$	50,000.00	$	14,681.25			
11/01/27	$	660,000.00	$	-	$	13,650.00	$	78,331.25	
05/01/28	$	660,000.00	$	50,000.00	$	13,650.00			
11/01/28	$	605,000.00	$	-	$	12,618.75	$	76,268.75	
05/01/29	$	605,000.00	$	55,000.00	$	12,618.75			
11/01/29	$	545,000.00	$	-	$	11,484.38	$	79,103.13	
05/01/30	$	545,000.00	$	55,000.00	$	11,484.38			
11/01/30	$	485,000.00	$	-	$	10,350.00	$	76,834.38	
05/01/31	$	485,000.00	$	60,000.00	$	10,350.00			
11/01/31	$	425,000.00	$	-	$	9,112.50	$	79,462.50	
05/01/32	$	425,000.00	$	60,000.00	$	9,112.50			
11/01/32	$	360,000.00	$	-	$	7,762.50	$	76,875.00	
05/01/33	$	360,000.00	$	65,000.00	$	7,762.50			
11/01/33	$	295,000.00	$	-	$	6,300.00	$	79,062.50	
05/01/34	$	295,000.00	$	65,000.00	$	6,300.00			
11/01/34	$	225,000.00	$	-	$	4,837.50	$	76,137.50	
05/01/35	$	225,000.00	$	70,000.00	$	4,838.50			
11/01/35	$	155,000.00	$	-	$	3,262.50	$	78,101.00	
05/01/36	$	155,000.00	$	70,000.00	$	3,262.50			
11/01/36	$	80,000.00	$	-	$	1,687.50	$	74,950.00	
05/01/37	$	80,000.00	$	75,000.00	$	1,687.50	$	76,687.50	
			$	675,000.00	$	191,494.76	$	866,494.76	

Indigo East
Community Development District Proposed Budget
Capital Reserves Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	

Revenues						
Interest Income	$	9,286	$	9,339	$	7,782	$	17,121	$	8,561	
Carry Forward Surplus	$	483,643	$	477,144	$	-	$	477,144	$	481,065	
Total Revenues	$	492,929  $	486,483  $	7,782  $	494,265  $	489,626	

Expenditures						
Roadway Resurfacing	$	35,000	$	23,193	$	11,808	$	35,000	$	35,000	
Roadway Striping & Signage	$	3,200	$	2,090	$	1,110	$	3,200	$	3,200	
Total Expenditures	$	38,200  $	25,283  $	12,918  $	38,200  $	38,200	

Other Financing Sources/(Uses)						
Transfer In	$	25,000	$	-	$	25,000	$	25,000	$	22,681	
Total Other Financing Sources/(Uses)	$	25,000  $	-	$	25,000  $	25,000  $	22,681	
						
Excess Revenues/(Expenditures)	$	479,729	$	461,201	$	19,865	$	481,065	$	474,107