Mainstreet at Coconut Creek	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1		General Fund

2-3		Narratives

Mainstreet at Coconut Creek	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY 2027	

Developer Contributions/Maintenance Assessm	$	91,925	$	56,127	$	52,161	$	108,288	$	102,265	

TOTAL REVENUES	$	91,925	$	56,127	$	52,161	$	108,288	$	102,265	

EXPENDITURES:

Administrative						
Engineering	$	10,000	$	5,280	$	18,480	$	23,760	$	15,000	
Attorney	12,000	8,733	12,226	20,959	15,000	
Annual Audit	5,000	1,000	4,000	5,000	5,000	
Assessment Administration	2,500	-	-	-	2,500	
Arbitrage Rebate	550	-	-	-	550	
Dissemination Agent	2,500	-	-	-	2,500	
Trustee Fees	5,000	-	-	-	5,000	
Management Fees	36,000	21,000	15,000	36,000	38,160	
Website Maintenance	3,000	1,750	1,250	3,000	3,180	
Telephone	200	-	200	200	200	
Postage & Delivery	750	141	197	338	750	
Insurance General Liability	6,500	5,000	-	5,000	6,500	
Printing & Binding	1,000	144	202	347	1,000	
Legal Advertising	5,000	3,564	1,000	4,564	5,000	
Other Current Charges	750	373	522	895	750	
Contingency	1,000	7,900	150	8,050	1,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL EXPENDITURES	$	91,925	$	55,060	$	53,228	$	108,288	$	102,265	

Other Sources/(Uses)

Interlocal Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	

EXCESS REVENUES (EXPENDITURES)	$	-	$	1,067	$	(1,067)	$	-	$	-	

Mainstreet at Coconut Creek	
Community Development District	
Budget Narrative	
FY 2027	

REVENUES	

Developer Contributions/Maintenance Assessments	
The District will levy a Non-Ad Valorem assessment on all the assessable parcels within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.	

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 has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its bonds.	
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.	
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	
Conference calls for the CDD.	
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.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	

Mainstreet at Coconut Creek	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures - Administrative (continued)	
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 Florida Commerce for $175.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.