Creekside	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1		General Fund	

2-3	
	Narratives	

4	
	Debt Service Fund Series 2006	

5	
	Amortization Schedule Series 2006	

6	
	Debt Service Fund Series 2026	

7	
	Amortization Schedule Series 2026	

8	
	Assessment Schedule	

Creekside	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	97,985	$	100,520	$	-	$	100,520	$	113,720	
Interest income	9,000	10,056	500	10,556	4,000	
Carry Forward Surplus	12,931	311,767	-	311,767	12,283	
TOTAL REVENUES	$	119,916	$	422,343	$	500	$	422,843	$	130,003	

EXPENDITURES:						
Administrative						
Engineering	$	6,000	$	18,871	$	5,000	$	23,871	$	6,000	
Attorney	30,000	84,088	15,000	99,088	30,000	
Annual Audit	4,500	3,800	-	3,800	5,400	
Assessment Administration	2,000	2,000	-	2,000	2,120	
Arbitrage Rebate	600	600	-	600	600	
Dissemination Agent	2,625	2,188	438	2,625	2,783	
Trustee Fees	-	24,236	-	24,236	9,353	
Management Fees	38,000	31,667	6,333	38,000	40,280	
Property Appraiser	3,000	3,192	-	3,192	3,200	
Website Maintenance	1,500	1,250	250	1,500	1,590	
Telephone	25	-	-	-	25	
Postage & Delivery	100	283	17	299	100	
Insurance General Liability	8,921	7,934	-	7,934	8,727	
Printing & Binding	250	1	42	43	250	
Legal Advertising	1,000	1,235	-	1,235	1,000	
Other Current Charges	900	1,015	300	1,315	900	
Property Taxes	2,250	636	-	636	800	
Office Supplies	70	0	12	12	70	
Dues, Licenses & Subscriptions	175	175	-	175	175	
1st Qrt Operating Reserves	13,000	-	-	-	11,631	
Contingency	5,000	-	-	-	5,000	
TOTAL EXPENDITURES	$	119,916	$	183,169	$	27,391	$	210,560	$	130,003	

Other Sources/(Uses)

Interfund Transfer In/(Out)	$	-	$	(200,000)	$	-	$	(200,000)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(200,000)	$	-	$	(200,000)	$	-	

EXCESS REVENUES (EXPENDITURES)	$	-	$	39,173	$	(26,891)	$	12,283	$	-	

Creekside	
Community Development District	
Budget Narrative	

REVENUES	

Special Assessments - On 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	

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 Roll 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 prepared for the Series 2006 Special Assessment Bonds. The District will contract with an independent CPA firm to perform this calculation.	
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.	
Property Appraiser	
The St Lucie County Board of Commissioners provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Board of Commissioners for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The budget for Board of Commissioners costs was based on a unit price per parcel.	
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.	
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.	

Creekside	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	

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	
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.	
Property Tax	
Represents Calandar year Property Taxes	
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 FloridaCommerce for $175.	
1st Quarter Operating Reserves	
Represents expenses in the first 2 months prior to assessments being collected.	
Contingency	
A contingency for any unanticipated and unscheduled cost to the District.	

Creekside	
Community Development District	
Adopted Budget	
Debt Service Series 2006 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	195,656	$	200,348	$	-	$	200,348	$	195,656	
Interest Earnings	-	33,350	400	33,750	1,000	
Settlement Revenue	-	362,837	-	362,837	-	
Carry Forward Surplus (1)	-	21,117	-	21,117	333,812	
TOTAL REVENUES	$	195,656	$	617,652	$	400	$	618,052	$	530,468	

EXPENDITURES:						

Interest - 11/01	$	96,200	$	139,620	$	-	$	139,620	$	44,850	
Accrued Unpaid Interest - 11/01/26	-	-	-	-	7,475	
Principal - 5/01	205,000	205,000	-	205,000	105,000	
Interest - 5/01	96,200	139,620	-	139,620	44,850	
TOTAL EXPENDITURES	$	397,400	$484,240	$-	$484,240	$	202,175	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$200,000	$-	$200,000	$-	

TOTAL OTHER SOURCES/(USES)	$-	$200,000	$-	$200,000	$-	

EXCESS REVENUES (EXPENDITURES)	$  (201,744)	$	333,412	$	400	$	333,812	$	328,293	

Interest Due 11/1/27	 $	42,120 	
	 $	42,120 	

(1) Carry Forward is Net of Reserve Requirement

Creekside	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2006 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	1,725,000	5.200%	-	44,850	44,850.00	
05/01/27	1,725,000	5.200%	105,000	44,850		
11/01/27	1,620,000	5.200%	-	42,120	191,970.00	
05/01/28	1,620,000	5.200%	110,000	42,120		
11/01/28	1,510,000	5.200%	-	39,260	191,380.00	
05/01/29	1,510,000	5.200%	120,000	39,260		
11/01/29	1,390,000	5.200%	-	36,140	195,400.00	
05/01/30	1,390,000	5.200%	125,000	36,140		
11/01/30	1,265,000	5.200%	-	32,890	194,030.00	
05/01/31	1,265,000	5.200%	130,000	32,890		
11/01/31	1,135,000	5.200%	-	29,510	192,400.00	
05/01/32	1,135,000	5.200%	140,000	29,510		
11/01/32	995,000	5.200%	-	25,870	195,380.00	
05/01/33	995,000	5.200%	145,000	25,870		
11/01/33	850,000	5.200%	-	22,100	192,970.00	
05/01/34	850,000	5.200%	150,000	22,100		
11/01/34	700,000	5.200%	-	18,200	190,300.00	
05/01/35	700,000	5.200%	160,000	18,200		
11/01/35	540,000	5.200%	-	14,040	192,240.00	
05/01/36	540,000	5.200%	170,000	14,040		
11/01/36	370,000	5.200%	-	9,620	193,660.00	
05/01/37	370,000	5.200%	180,000	9,620		
11/01/37	190,000	5.200%	-	4,940	194,560.00	
05/01/38	190,000	5.200%	190,000	4,940	194,940.00	

Total	$1,725,000	$639,080	$2,364,080	

Creekside	
Community Development District	
Adopted Budget	
Debt Service Series 2026 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	-	$	-	$	-	$	-	$	237,580	
Direct Assessments - Direct Bill	-	-	92,138	92,138	-	
Interest Earnings	-	2,203	200	2,403	2,000	
Carry Forward Surplus (1)	-	-	-	-	211,823	

TOTAL REVENUES	$	-	$	2,203	$	92,338	$	94,540	$	451,403	

EXPENDITURES:

Interest - 11/1	$	-	$	-	$	-	$	-	$	92,138	
Interest - 5/1	-	48,116	-	48,116	92,138	
Principal - 5/1	-	-	-	-	50,000	

TOTAL EXPENDITURES	$	-	$	48,116	$	-	$	48,116	$	234,275	

Other Sources/(Uses)

Bond Proceeds	$	-	$	166,906	$	-	$	166,906	$	-	
Interfund transfer In/(Out)	-	(1,508)	-	(1,508)	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	165,399	$	-	$	165,399	$	-	

EXCESS REVENUES (EXPENDITURES)	$	-	$	119,485	$	92,338	$	211,823	$	217,128	

Interest Due 11/1/27	 $	91,138 	
	 $	91,138 	

(1) Carry Forward is Net of Reserve Requirement

Creekside	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2026 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/26	$	3,475,000	4.000%	$	-	$	48,116	$	-	
11/01/26	3,475,000	4.000%	-	92,138	140,253.75	
05/01/27	3,475,000	4.000%	50,000	92,138		
11/01/27	3,425,000	4.000%	-	91,138	233,275.00	
05/01/28	3,425,000	4.000%	55,000	91,138		
11/01/28	3,370,000	4.000%	-	90,038	236,175.00	
05/01/29	3,370,000	4.000%	55,000	90,038		
11/01/29	3,315,000	4.000%	-	88,938	233,975.00	
05/01/30	3,315,000	4.000%	60,000	88,938		
11/01/30	3,255,000	4.000%	-	87,738	236,675.00	
05/01/31	3,255,000	4.000%	60,000	87,738		
11/01/31	3,195,000	4.000%	-	86,538	234,275.00	
05/01/32	3,195,000	4.000%	65,000	86,538		
11/01/32	3,130,000	4.000%	-	85,238	236,775.00	
05/01/33	3,130,000	4.000%	65,000	85,238		
11/01/33	3,065,000	4.000%	-	83,938	234,175.00	
05/01/34	3,065,000	5.300%	70,000	83,938		
11/01/34	2,995,000	5.300%	-	82,083	236,020.00	
05/01/35	2,995,000	5.300%	75,000	82,083		
11/01/35	2,920,000	5.300%	-	80,095	237,177.50	
05/01/36	2,920,000	5.300%	75,000	80,095		
11/01/36	2,845,000	5.300%	-	78,108	233,202.50	
05/01/37	2,845,000	5.300%	80,000	78,108		
11/01/37	2,765,000	5.300%	-	75,988	234,095.00	
05/01/38	2,765,000	5.300%	85,000	75,988		
11/01/38	2,680,000	5.300%	-	73,735	234,722.50	
05/01/39	2,680,000	5.300%	90,000	73,735		
11/01/39	2,590,000	5.300%	-	71,350	235,085.00	
05/01/40	2,590,000	5.300%	95,000	71,350		
11/01/40	2,495,000	5.300%	-	68,833	235,182.50	
05/01/41	2,495,000	5.300%	100,000	68,833		
11/01/41	2,395,000	5.300%	-	66,183	235,015.00	
05/01/42	2,395,000	5.300%	105,000	66,183		
11/01/42	2,290,000	5.300%	-	63,400	234,582.50	
05/01/43	2,290,000	5.300%	110,000	63,400		
11/01/43	2,180,000	5.300%	-	60,485	233,885.00	
05/01/44	2,180,000	5.300%	115,000	60,485		
11/01/44	2,065,000	5.300%	-	57,438	232,922.50	
05/01/45	2,065,000	5.300%	125,000	57,438		
11/01/45	1,940,000	5.300%	-	54,125	236,562.50	
05/01/46	1,940,000	5.300%	130,000	54,125		
11/01/46	1,810,000	5.300%	-	50,680	234,805.00	
05/01/47	1,810,000	5.600%	140,000	50,680		
11/01/47	1,670,000	5.600%	-	46,760	237,440.00	
05/01/48	1,670,000	5.600%	145,000	46,760		
11/01/48	1,525,000	5.600%	-	42,700	234,460.00	
05/01/49	1,525,000	5.600%	155,000	42,700		
11/01/49	1,370,000	5.600%	-	38,360	236,060.00	
05/01/50	1,370,000	5.600%	165,000	38,360		
11/01/50	1,205,000	5.600%	-	33,740	237,100.00	
05/01/51	1,205,000	5.600%	175,000	33,740		
11/01/51	1,030,000	5.600%	-	28,840	237,580.00	
05/01/52	1,030,000	5.600%	185,000	28,840		
11/01/52	845,000	5.600%	-	23,660	237,500.00	
05/01/53	845,000	5.600%	195,000	23,660		
11/01/53	650,000	5.600%	-	18,200	236,860.00	
05/01/54	650,000	5.600%	205,000	18,200		
11/01/54	445,000	5.600%	-	12,460	235,660.00	
05/01/55	445,000	5.600%	215,000	12,460		
11/01/55	230,000	5.600%	-	6,440	233,900.00	
05/01/56	230,000	5.600%	230,000	6,440	236,440.00	

$	3,475,000	$	3,726,836	$	7,201,836	

Creekside
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	
O&M	Bonds Units
2006	Bonds Units
2026	Annual Maintenance Assessments	Annual Debt Assessments Series 2006	Annual Debt Assessments Series 2026	Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

Parcel E - MF	
119	
119	
119	
$146.63	
$146.63	
$0.00	
$555.39	
$555.39	
$0.00	
$0.00	
$0.00	
$0.00	
$702.02	
$702.02	
$0.00	

Platted SF Parcel A	
136	
135	
135	
$146.63	
$146.63	
$0.00	
$525.37	
$525.37	
$0.00	
$0.00	
$0.00	
$0.00	
$672.00	
$672.00	
$0.00	

Platted SF Parcel B	
129	
129	
129	
$146.63	
$146.63	
$0.00	
$525.37	
$525.37	
$0.00	
$0.00	
$0.00	
$0.00	
$672.00	
$672.00	
$0.00	
Commercial	9.56	9.56	9.56	$146.63	$146.63	$0.00	$525.37	$525.37	$0.00	$0.00	$0.00	$0.00	$672.00	$672.00	$0.00	
Commercial	5.44	5.44	5.44	$146.63	$146.63	$0.00	$525.37	$525.37	$0.00	$0.00	$0.00	$0.00	$672.00	$672.00	$0.00	
Subtotal	399	398	398													

Parcel C - Single-Family 75'	
118	
118	
118	
$146.63	
$0.00	
$146.63	
$0.00	
$0.00	
$0.00	
$1,303.14	
$0.00	
$1,303.14	
$1,449.77	
$0.00	
$1,449.77	
Parcel D - Single-Family 90'	74	74	74	$146.63	$0.00	$146.63	$0.00	$0.00	$0.00	$1,411.74	$0.00	$1,411.74	$1,558.37	$0.00	$1,558.37	
NEW UNITS - Tract F	136	136	136	$146.63	$0.00	$146.63	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$146.63	$0.00	$146.63	
Parcel G - SF	116	116	116	$146.63	$0.00	$146.63	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$146.63	$0.00	$146.63	
Subtotal	444	444	444													
Total Units	843	842	842													

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