Mayfair	
Community Development District	

Proposed Budget	
FY 2026	

Table of Contents

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	General Fund

	Narratives

	Amortization Schedule

Mayfair	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	4/30/25	5 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$74,510	$70,195	$-	$70,195	$70,039	
Carry Forward	-	-	-	-	4,223	

TOTAL REVENUES	$74,510	$70,195	$-	$70,195	$74,262	
EXPENDITURES:

Administrative						
Engineering	$5,000	$-	$2,083	$2,083	$5,000	
Attorney Fees	15,000	2,325	6,250	8,575	15,000	
Annual Audit	3,500	3,200	-	3,200	3,500	
Management Fees	30,000	17,500	12,500	30,000	31,800	
Annual Assessment	8,000	-	8,000	8,000	5,000	
Website Maintenance	1,200	700	500	1,200	1,200	
Telephone	50	-	21	21	50	
Postage & Delivery	500	69	208	278	500	
Insurance General Liability	6,883	6,349	-	6,349	7,650	
Printing & Binding	500	10	208	219	500	
Legal Advertising	1,500	-	1,500	1,500	1,500	
Other Current Charges	550	190	229	419	550	
Office Supplies	150	0	63	63	150	
Contingencies	1,502	-	626	626	1,687	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$74,510	$30,519	$32,188	$62,707	$74,262	

TOTAL EXPENDITURES	$74,510	$30,519	$32,188	$62,707	$74,262	

EXCESS REVENUES (EXPENDITURES)	$-	$39,676	$(32,188)	$7,488	$	-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	74,510	
	(4,471) 	
 $	70,039 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	

Single Family	1	$	74,510.00	$	74,510.00	$	74,510.00	$	-	

Total	1	$  74,510.00	

Mayfair	
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.

Trustee Fees - Pending Bonds
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.

Dissemination Agent - Pending Bonds
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.

Arbitrage Calculation - Pending Bonds
The District is required to annually have an arbitrage rebate calculation on the District's Bonds.

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.

Annual Assessments
GMS SF, LLC provides assessment roll services with the local Tax Collector .

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.

Communication - Telephone
Services are provided as those may be needed for attending meetings or fulfilling District's communication needs.

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.

Mayfair
Community Development District
Budget Narrative

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 the Florida Department of Commerce for $175.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

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

Neighborhood	O&M Units	
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)	

Single Family	

1	

$74,510.00	

$74,510.00	

$0.00	

$0.00	

$0.00	

$0.00	

$74,510.00	

$74,510.00	

$0.00	
Total	1										

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