Bent Creek	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1	General Fund

2-3	Narratives

4-5	Debt Service Fund Series 2021

6	Assessment Schedule

Bent Creek	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$69,176	$69,026	$150	$69,176	$69,176	
Carry Forward Surplus	6,434	12,573	-	12,573	11,065	

TOTAL REVENUES	$75,610	$81,599	$150	$81,749	$80,241	

EXPENDITURES:

Administrative						
Engineering	$5,000	$-	$2,500	$2,500	$5,000	
Attorney	8,000	3,363	4,000	7,363	10,000	
Annual Audit	3,150	3,150	-	3,150	3,300	
Assessment Administration	2,200	2,200	-	2,200	2,200	
Property Appraiser	6,500	6,373	-	6,373	6,500	
Dissemination Agent	2,943	1,472	1,472	2,943	3,149	
Trustee Fees	4,434	3,367	673	4,041	4,434	
Management Fees	30,896	15,448	15,448	30,896	33,059	
Information Technology	706	353	353	706	755	
Website Maintenance	1,766	883	883	1,766	1,890	
Postage & Delivery	300	9	150	159	300	
Insurance General Liability	7,041	6,163	-	6,163	6,779	
Printing & Binding	150	2	100	102	150	
Legal Advertising	1,000	239	500	739	1,000	
Other Current Charges	1,300	734	650	1,384	1,500	
Office Supplies	50	-	25	25	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$75,610	$43,931	$26,754	$70,684	$80,241	

TOTAL EXPENDITURES	$75,610	$43,931	$26,754	$70,684	$80,241	

EXCESS REVENUES (EXPENDITURES)	$-	$37,669	$(26,604)	$11,065	$-	

Bent Creek	
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.	

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 Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Property Appraiser	
The cost from the County to include the CDD Tax Roll on the County Trim Notices and invoices.	
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.	
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.	
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 based upon similar Community Development Districts.	

Bent Creek	
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 FloridaCommerce for $175.	

Bent Creek	
Community Development District	
Adopted Budget	
Debt Service Series 2021 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$224,001	$221,240	$2,761	$224,001	$224,001	
Interest Earnings	4,000	3,917	2,000	5,917	4,000	
Carry Forward Surplus (1)	100,887	100,727	-	100,727	103,910	

TOTAL REVENUES	$328,888	$325,884	$4,761	$330,645	$331,911	

EXPENDITURES:

Interest Expense - 12/15	$64,927	$64,927	$-	$64,927	$63,799	
Interest Expense - 06/15	64,927	-	64,927	64,927	63,799	
Principal Expense - 06/15	95,000	-	95,000	95,000	95,000	

TOTAL EXPENDITURES	$224,854	$64,927	$159,927	$224,854	$222,598	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$(1,881)	$-	$(1,881)	$-	

TOTAL OTHER SOURCES/(USES)	$-	$(1,881)	$-	$(1,881)	$-	

TOTAL EXPENDITURES	$224,854	$66,808	$159,927	$226,735	$222,598	

EXCESS REVENUES (EXPENDITURES)	$104,034	$259,076	$(155,166)	$103,910	$109,313	

Interest Due 12/15/27	$62,445	
	$62,445	

(1) Carry Forward is Net of Reserve Requirement

Bent Creek	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

06/15/26	3,700,000	2.375%	95,000	64,927		
12/15/26	3,605,000	2.850%	-	63,799	223,725.63	
06/15/27	3,605,000	2.850%	95,000	63,799		
12/15/27	3,510,000	2.850%	-	62,445	221,243.75	
06/15/28	3,510,000	2.850%	100,000	62,445		
12/15/28	3,410,000	2.850%	-	61,020	223,465.00	
06/15/29	3,410,000	2.850%	100,000	61,020		
12/15/29	3,310,000	2.850%	-	59,595	220,615.00	
06/15/30	3,310,000	2.850%	105,000	59,595		
12/15/30	3,205,000	2.850%	-	58,099	222,693.75	
06/15/31	3,205,000	2.850%	105,000	58,099		
12/15/31	3,100,000	3.150%	-	56,603	219,701.25	
06/15/32	3,100,000	3.150%	110,000	56,603		
12/15/32	2,990,000	3.150%	-	54,870	221,472.50	
06/15/33	2,990,000	3.150%	115,000	54,870		
12/15/33	2,875,000	3.150%	-	53,059	222,928.75	
06/15/34	2,875,000	3.150%	115,000	53,059		
12/15/34	2,760,000	3.150%	-	51,248	219,306.25	
06/15/35	2,760,000	3.150%	120,000	51,248		
12/15/34	2,640,000	3.150%	-	49,358	220,605.00	
06/15/36	2,640,000	3.150%	125,000	49,358		
12/15/36	2,515,000	3.150%	-	47,389	221,746.25	
06/15/37	2,515,000	3.150%	130,000	47,389		
12/15/37	2,385,000	3.150%	-	45,341	222,730.00	
06/15/38	2,385,000	3.150%	135,000	45,341		
12/15/38	2,250,000	3.150%	-	43,215	223,556.25	
06/15/39	2,250,000	3.150%	135,000	43,215		
12/15/39	2,115,000	3.150%	-	41,089	219,303.75	
06/15/40	2,115,000	3.150%	140,000	41,089		
12/15/40	1,975,000	3.150%	-	38,884	219,972.50	
06/15/41	1,975,000	3.150%	145,000	38,884		
12/15/41	1,830,000	4.000%	-	36,600	220,483.75	
06/15/42	1,830,000	4.000%	150,000	36,600		
12/15/42	1,680,000	4.000%	-	33,600	220,200.00	
06/15/43	1,680,000	4.000%	160,000	33,600		
12/15/43	1,520,000	4.000%	-	30,400	224,000.00	
06/15/44	1,520,000	4.000%	165,000	30,400		
12/15/44	1,355,000	4.000%	-	27,100	222,500.00	
06/15/45	1,355,000	4.000%	170,000	27,100		
12/15/45	1,185,000	4.000%	-	23,700	220,800.00	
06/15/46	1,185,000	4.000%	180,000	23,700		
12/15/46	1,005,000	4.000%	-	20,100	223,800.00	
06/15/47	1,005,000	4.000%	185,000	20,100		
12/15/47	820,000	4.000%	-	16,400	221,500.00	
06/15/48	820,000	4.000%	195,000	16,400		
12/15/48	625,000	4.000%	-	12,500	223,900.00	
06/15/49	625,000	4.000%	200,000	12,500		
12/15/49	425,000	4.000%	-	8,500	221,000.00	
06/15/50	425,000	4.000%	210,000	8,500		
12/15/50	215,000	4.000%	-	4,300	222,800.00	
06/15/51	215,000	4.000%	215,000	4,300	219,300.00	

Total	$3,700,000	$2,063,349	$5,763,349	

Bent Creek	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds
Units 2021	
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)	

Single Family	
336	
336	
$223.78	
$223.78	
$0.00	
$724.64	
$724.64	
$0.00	
$948.42	
$948.42	
$0.00	
Total	336	336										

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