Creekside	
Community Development District	

Adopted Budget	
FY 2026	

Table of Contents

1

2-3

4

5

	General Fund

	Narratives

	Debt Service Fund Series 2006

	Amortization Schedule Series 2006

6		Assessment Schedule

Creekside	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	97,985	$	101,538	$	-	$	101,538	$	97,985	
Interest income	-	2,744	1,000	3,744	9,000	
Carry Forward Surplus	-	28,852	-	28,852	12,931	

TOTAL REVENUES	$97,985	$133,134	$1,000	$134,134	$119,916	

EXPENDITURES:

Administrative						
Engineering	$	6,000	$	9,334	$	-	$	9,334	$	6,000	
Attorney	16,000	44,720	2,667	47,386	30,000	
Annual Audit	4,300	4,300	-	4,300	4,500	
Assessment Administration	2,000	2,000	-	2,000	2,000	
Arbitrage Rebate	600	600	-	600	600	
Dissemination Agent	2,625	2,188	438	2,625	2,625	
Trustee Fees	-	-	-	-	-	
Management Fees	34,000	28,333	5,667	34,000	38,000	
Property Appraiser	3,000	6,592	-	6,592	3,000	
Information Technology	-	-	-	-	-	
Website Maintenance	1,260	1,050	210	1,260	1,500	
Telephone	25	-	-	-	25	
Postage & Delivery	100	121	20	141	100	
Insurance General Liability	7,917	7,485	-	7,485	8,921	
Printing & Binding	250	30	42	72	250	
Legal Advertising	1,000	4,091	270	4,361	1,000	
Other Current Charges	900	36	150	186	900	
Property Taxes	2,250	672	-	672	2,250	
Office Supplies	70	1	12	13	70	
Dues, Licenses & Subscriptions	175	175	-	175	175	
1st Qrt Operating Reserves	14,000	-	-	-	13,000	
Contingency	1,513	-	-	-	5,000	

TOTAL EXPENDITURES	$97,985	$111,729	$9,474	$121,203	$119,916	

EXCESS REVENUES (EXPENDITURES)	$-	$21,406	$(8,474)	$12,931	$	-	

Creekside	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

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.	

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	
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.	
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	
Fiscal Year 2026	

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 2025 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 Florida Department of Commerce 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	
Adopted Budget	
Description	FY2025	FY 2026	

REVENUES:

Special Assessments-On Roll	$195,656	$195,656	

TOTAL REVENUES	$195,656	$195,656	

EXPENDITURES:

Interest - 11/01	$101,270	$96,200	
Principal - 05/01	195,000	205,000	
Interest - 5/01	101,270	96,200	

TOTAL EXPENDITURES	$397,540	$397,400	

EXCESS REVENUES (EXPENDITURES)	$(201,884)	$(201,744)	

Interest Due 11/1/26	
(1) The District has defaulted on their bonds	
(2) These assessments have been accelerated and are subject to a foreclosure.	

	$90,870 	
$90,870	

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

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/25	3,895,000	5.200%	195,000	101,270		
11/01/25	3,700,000	5.200%	-	96,200	392,470.00	
05/01/26	3,700,000	5.200%	205,000	96,200		
11/01/26	3,495,000	5.200%	-	90,870	392,070.00	
05/01/27	3,495,000	5.200%	215,000	90,870		
11/01/27	3,280,000	5.200%	-	85,280	391,150.00	
05/01/28	3,280,000	5.200%	225,000	85,280		
11/01/28	3,055,000	5.200%	-	79,430	389,710.00	
05/01/29	3,055,000	5.200%	240,000	79,430		
11/01/29	2,815,000	5.200%	-	73,190	392,620.00	
05/01/30	2,815,000	5.200%	250,000	73,190		
11/01/30	2,565,000	5.200%	-	66,690	389,880.00	
05/01/31	2,565,000	5.200%	265,000	66,690		
11/01/31	2,300,000	5.200%	-	59,800	391,490.00	
05/01/32	2,300,000	5.200%	280,000	59,800		
11/01/32	2,020,000	5.200%	-	52,520	392,320.00	
05/01/33	2,020,000	5.200%	295,000	52,520		
11/01/33	1,725,000	5.200%	-	44,850	392,370.00	
05/01/34	1,725,000	5.200%	310,000	44,850		
11/01/34	1,415,000	5.200%	-	36,790	391,640.00	
05/01/35	1,415,000	5.200%	325,000	36,790		
11/01/35	1,090,000	5.200%	-	28,340	390,130.00	
05/01/36	1,090,000	5.200%	345,000	28,340		
11/01/36	745,000	5.200%	-	19,370	392,710.00	
05/01/37	745,000	5.200%	365,000	19,370		
11/01/37	380,000	5.200%	-	9,880	394,250.00	
05/01/38	380,000	5.200%	380,000	9,880	389,880.00	

Total	$4,870,000	$1,587,690	$6,457,690	

Creekside
Community Development District
Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	
O&M	Bonds Units
2006	
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)	

Parcel E - MF	
119	
119	
$146.50	
$146.50	
$0.00	
$555.39	
$525.37	
$30.02	
$701.89	
$671.87	
$30.02	

Platted SF Parcel A	
136	
135	
$146.50	
$146.50	
$0.00	
$525.37	
$525.37	
$0.00	
$671.87	
$671.87	
$0.00	

Platted SF Parcel B	
129	
129	
$146.50	
$146.50	
$0.00	
$525.37	
$525.37	
$0.00	
$671.87	
$671.87	
$0.00	
Commercial	9.56	9.56	$146.50	$146.50	$0.00	$525.37	$525.37	$0.00	$671.87	$671.87	$0.00	
Commercial	5.44	5.44	$146.50	$146.50	$0.00	$525.37	$525.37	$0.00	$671.87	$671.87	$0.00	
NEW UNITS (Tracts C, D, F)	328	328	$146.50	$146.50	$0.00	$0.00	$0.00	$0.00	$146.50	$146.50	$0.00	
Total Units	727	726										

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