Mayfair	
Community Development District	

Proposed Budget	
FY 2027	

Table of Contents

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2-3

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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	FY2026	4/30/26	5 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$70,039	$70,195	$-	$70,195	$61,946	
Interest Income	-	935	668	1,603	500	
Developer Contributions - Lennar	-	-	-	-	38,455	
Developer Contributions - SH	-	-	-	-	8,824	
Carry Forward	4,223	-	14,184	14,184	-	

TOTAL REVENUES	$74,262	$71,130	$14,852	$85,982	$109,725	
EXPENDITURES:

Administrative						
Engineering	$5,000	$8,440	$2,083	$10,523	$18,000	
Arbitrage	-	-	-	-	550	
Attorney Fees	15,000	15,675	6,250	21,925	20,000	
Dissemination Agent	-	-	-	-	2,500	
Annual Audit	3,500	3,300	-	3,300	4,500	
Trustee Fees	-	-	-	-	4,500	
Management Fees	31,800	18,550	13,250	31,800	36,000	
Annual Assessment	5,000	5,000	-	5,000	5,000	
Website Maintenance	1,200	700	500	1,200	1,200	
Telephone	50	-	21	21	-	
Postage & Delivery	500	58	42	100	250	
Insurance General Liability	7,650	6,730	-	6,730	7,650	
Printing & Binding	500	8	5	13	100	
Legal Advertising	1,500	1,498	625	2,123	3,500	
Other Current Charges	550	471	336	807	800	
Office Supplies	150	-	63	63	-	
Contingencies	1,687	1,500	703	2,203	5,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$74,262	$62,104	$23,878	$85,982	$109,725	

TOTAL EXPENDITURES	$74,262	$62,104	$23,878	$85,982	$109,725	

EXCESS REVENUES (EXPENDITURES)	$-	$9,026	$(9,026)	$(0)	$	-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	65,900	
	(3,954) 	
 $	61,946 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	
536	
$	53,600.00	
$	112.69	
$	100.00	
$	(12.69)	
Townhomes	123	$	12,300.00	$	112.69	$	100.00	$	(12.69)	

Total	659	$  65,900.00	

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.	
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	

$100.00	

$112.69	

-$12.69	

$0.00	

$0.00	

$0.00	

$100.00	

$112.69	

-$12.69	
Townhomes	123	$100.00	$112.69	-$12.69	$0.00	$0.00	$0.00	$100.00	$112.69	-$12.69	
Total	659										

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