Title: Proposed Budget-FY2024.xlsx - Group
Author: Gms

Mayfair
Community Development District

Adopted Budget
FY 2027

Table of Contents

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4

	General Fund

	Narratives

	Amortization Schedule

Mayfair
Community Development District
Adopted Budget
General Fund

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

REVENUES:

Special Assessments - On Roll | $70,039 | $70,195 | $- | $70,195 | $64,529
Interest Income | - | 1,216 | 405 | 1,621 | 500
Developer Contributions | - | - | - | - | 44,696
Carry Forward | 4,223 | - | 16,101 | 16,101 | -

TOTAL REVENUES | $74,262 | $71,411 | $16,506 | $87,917 | $109,725
EXPENDITURES:

Administrative | | | | |
Engineering | $5,000 | $8,440 | $2,813 | $11,253 | $18,000
Arbitrage | - | - | - | - | 550
Attorney Fees | 15,000 | 17,700 | 5,900 | 23,600 | 20,000
Dissemination Agent | - | - | - | - | 2,500
Annual Audit | 3,500 | 3,300 | - | 3,300 | 4,500
Trustee Fees | - | - | - | - | 4,500
Management Fees | 31,800 | 23,850 | 7,950 | 31,800 | 36,000
Annual Assessment | 5,000 | 5,000 | - | 5,000 | 5,000
Website Maintenance | 1,200 | 900 | 300 | 1,200 | 1,200
Telephone | 50 | - | 13 | 13 | -
Postage & Delivery | 500 | 107 | 36 | 142 | 250
Insurance General Liability | 7,650 | 6,730 | - | 6,730 | 7,650
Printing & Binding | 500 | 14 | 5 | 19 | 100
Legal Advertising | 1,500 | 1,498 | 375 | 1,873 | 3,500
Other Current Charges | 550 | 640 | 213 | 853 | 800
Office Supplies | 150 | 0 | 38 | 38 | -
Contingencies | 1,687 | 1,500 | 422 | 1,922 | 5,000
Dues, Licenses & Subscriptions | 175 | 175 | - | 175 | 175

TOTAL ADMINISTRATIVE | $74,262 | $69,853 | $18,064 | $87,917 | $109,725

TOTAL EXPENDITURES | $74,262 | $69,853 | $18,064 | $87,917 | $109,725

EXCESS REVENUES (EXPENDITURES) | $- | $1,558 | $(1,557) | $0 | $	-

Gross Assessments
Less: Discounts & Collections 5%
Net Assessments

$	68,648
(4,119)
$	64,529

Product

Assessable Units

Total Gross Assessment

FY26
Gross Per Unit

FY27
Gross Per Unit

Increase/ (Decrease)

Single Family | 536 | $	55,835.12 | $	112.69 | $	104.17 | $	(8.52)
Townhomes | 123 | $	12,812.91 | $	112.69 | $	104.17 | $	(8.52)

Total | 659 | $  68,648.03

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.
Developer Contributions
The district will enter into a Developer Deficit Funding Agreement to cover the shortfall of Assessments for the FY2027 budget 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.
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
2026-2027

Neighborhood | O&M Units | 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 | 536 | $104.17 | $112.69 | -$8.52 | $0.00 | $0.00 | $0.00 | $104.17 | $112.69 | -$8.52
Townhomes | 123 | $104.17 | $112.69 | -$8.52 | $0.00 | $0.00 | $0.00 | $104.17 | $112.69 | -$8.52
Total	659 | | | | | | | | |

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