Newton Road	
Community Development District	

Approved Proposed Budget	
FY 2027	

Table of Contents

1-2		General Fund

	Narratives

	Debt Service Fund Series 2025

	Amortization Schedule Series 2025

	Assessment Schedule

Newton Road	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	

Actuals Thru	

Projected Next	

Projected Thru	Approved Proposed Budget	
Description	FY 2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Developer Contributions / Assessments	$	73,416	$	23,549	$	49,867	$	73,416	$	73,416	
Miscellaneous Revenue	-	1,636	-	1,636	-	
Carry Forward	-	-	-	-	-	

TOTAL REVENUES	$	73,416	$	25,184	$	49,867	$	75,052	$	73,416	

EXPENDITURES:

Administrative						
Engineering	$	5,000	$	534	$	4,466	$	5,000	$	5,000	
Attorney	12,000	5,713	10,500	16,213	12,000	
Annual Audit	4,000	-	3,200	3,200	3,300	
Assessment Administration	2,000	-	-	-	2,000	
Arbitrage Rebate	600	-	-	-	600	
Dissemination Agent	1,200	-	-	-	1,200	
Trustee Fees	4,000	-	-	-	4,000	
Management Fees	24,000	10,000	14,000	24,000	24,000	
Information Technology	1,000	417	583	1,000	1,000	
Website Maintenance	1,000	417	583	1,000	1,000	
Telephone	50	-	50	50	50	
Postage & Delivery	250	4	246	250	250	
Insurance General Liability	5,500	5,000	-	5,000	5,500	
Printing & Binding	250	-	250	250	250	
Legal Advertising	766	1,289	2,240	3,529	766	
Other Current Charges	250	285	420	705	250	
Office Supplies	250	-	250	250	250	
Dues, Licenses & Subscriptions	300	175	-	175	175	

TOTAL ADMINISTRATIVE	$	62,416	$	23,834	$	36,789	$	60,623	$	61,591	

Field Expenditures

Drainage System	$	10,000	$	-	$	10,000	$	10,000	$	10,000	
Contingencies	1,000	-	4,429	4,429	1,825	

TOTAL FIELD EXPENDITURES	$	11,000	$	-	$	14,429	$	14,429	$	11,825	

TOTAL EXPENDITURES	$	73,416	$	23,834	$	51,217	$	75,052	$	73,416	

EXCESS REVENUES (EXPENDITURES)	$	-	$	1,350	$	(1,350)	$	-	$	-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	77,280	
	3,864 	
 $	73,416 	

Newton Road	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	

Actuals Thru	

Projected Next	

Projected Thru	Approved Proposed Budget	
Description	FY 2026	2/28/26	7 Months	9/30/26	FY 2027	

Product	
Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	

Condominium	164	$	47,646.32	$	290.53	$	290.53	
Villas	102	$	29,633.68	$	290.53	$	290.53	

Total	266	$	77,280.00	

Newton Road	
Community Development District	
Budget Narrative	
FY 2027	

REVENUES	

Developer Contributions/Assessments	
The District will levy a Non-Ad Valorem assessment on all platted lots within the Districts 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.	
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.	
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.	

Newton Road	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures - Administrative (continued)	
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.	
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.	

Expenditures – Field	
Drainage System	
The cost of operating and maintaining the stormwater management systems within the District boundaries.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

Newton Road	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2025 Special Assessment Bonds	

Proposed Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY 2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-Direct	$	178,066	$	-	$	178,066	$	178,066	$	294,400	
Interest Earnings	1,000	1,156	1,400	2,556	1,000	
Carry Forward Surplus (1)	-	33,959	-	33,959	109,394	

TOTAL REVENUES	$	179,066	$	35,115	$	179,466	$	214,580	$	404,794	

EXPENDITURES:

Interest - 12/15	$	42,728	$	42,728	$	-	$	42,728	$	115,331	
Interest - 6/15	116,531	-	116,531	116,531	115,331	
Principal - 6/15	60,000	-	60,000	60,000	60,000	

TOTAL EXPENDITURES	$	219,259	$	42,728	$	176,531	$	219,259	$	290,663	

Other Sources/(Uses)

Bond Proceeds	$	116,328	$	116,328	$	-	$	116,328	$	-	
Interfund transfer In/(Out)	(300)	(855)	(1,400)	(2,255)	-	

TOTAL OTHER SOURCES/(USES)	$	116,028	$	115,473	$	(1,400)	$	114,073	$	-	

TOTAL EXPENDITURES	$	103,231	$	(72,745)	$	177,931	$	105,186	$	290,663	

EXCESS REVENUES (EXPENDITURES)	$	75,835	$	107,860	$	1,535	$	109,394	$	114,131	

Interest Due 12/15/27	$114,131.25	
	$114,131.25	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	309,894	
 $	15,495 	
 $	294,400 	

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

Condominium	164	$	188,057.94	$	-	$	1,146.69	$	1,146.69	
Villas	102	$	121,836.32	$	-	$	1,194.47	$	1,194.47	

Total	266	$	309,894.25	

Newton Road	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2025 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/25	$4,225,000	4.000%	$-	$42,728	42,728.13	
06/15/26	4,225,000	4.000%	60,000	116,531		
12/15/26	4,165,000	4.000%		115,331	291,862.50	
06/15/27	4,165,000	4.000%	60,000	115,331		
12/15/27	4,105,000	4.000%		114,131	289,462.50	
06/15/28	4,105,000	4.000%	65,000	114,131		
12/15/28	4,040,000	4.000%		112,831	291,962.50	
06/15/29	4,040,000	4.000%	70,000	112,831		
12/15/29	3,970,000	4.000%		111,431	294,262.50	
06/15/30	3,970,000	4.000%	70,000	111,431		
12/15/30	3,900,000	4.000%		110,031	291,462.50	
06/15/31	3,900,000	5.500%	75,000	110,031		
12/15/31	3,825,000	5.500%		107,969	293,000.00	
06/15/32	3,825,000	5.500%	80,000	107,969		
12/15/32	3,745,000	5.500%		105,769	293,737.50	
06/15/33	3,745,000	5.500%	80,000	105,769		
12/15/33	3,665,000	5.500%		103,569	289,337.50	
06/15/34	3,665,000	5.500%	85,000	103,569		
12/15/34	3,580,000	5.500%		101,231	289,800.00	
06/15/35	3,580,000	5.500%	90,000	101,231		
12/15/35	3,490,000	5.500%		98,756	289,987.50	
06/15/36	3,490,000	5.500%	95,000	98,756		
12/15/36	3,395,000	5.500%		96,144	289,900.00	
06/15/37	3,395,000	5.500%	105,000	96,144		
12/15/37	3,290,000	5.500%		93,256	294,400.00	
06/15/38	3,290,000	5.500%	110,000	93,256		
12/15/38	3,180,000	5.500%		90,231	293,487.50	
06/15/39	3,180,000	5.500%	115,000	90,231		
12/15/39	3,065,000	5.500%		87,069	292,300.00	
06/15/40	3,065,000	5.500%	120,000	87,069		
12/15/40	2,945,000	5.500%		83,769	290,837.50	
06/15/41	2,945,000	5.500%	130,000	83,769		
12/15/41	2,815,000	5.500%		80,194	293,962.50	
06/15/42	2,815,000	5.500%	135,000	80,194		
12/15/42	2,680,000	5.500%		76,481	291,675.00	
06/15/43	2,680,000	5.500%	145,000	76,481		
12/15/43	2,535,000	5.500%		72,494	293,975.00	
06/15/44	2,535,000	5.500%	150,000	72,494		
12/15/44	2,385,000	5.500%		68,369	290,862.50	
06/15/45	2,385,000	5.500%	160,000	68,369		
12/15/45	2,225,000	5.500%		63,969	292,337.50	
06/15/46	2,225,000	5.750%	170,000	63,969		
12/15/46	2,055,000	5.750%		59,081	293,050.00	
06/15/47	2,055,000	5.750%	180,000	59,081		
12/15/47	1,875,000	5.750%		53,906	292,987.50	
06/15/48	1,875,000	5.750%	190,000	53,906		
12/15/48	1,685,000	5.750%		48,444	292,350.00	
06/15/49	1,685,000	5.750%	200,000	48,444		
12/15/49	1,485,000	5.750%		42,694	291,137.50	
06/15/50	1,485,000	5.750%	210,000	42,694		
12/15/50	1,275,000	5.750%		36,656	289,350.00	
06/15/51	1,275,000	5.750%	225,000	36,656		
12/15/51	1,050,000	5.750%		30,188	291,843.75	
06/15/52	1,050,000	5.750%	240,000	30,188		
12/15/52	810,000	5.750%		23,288	293,475.00	
06/15/53	810,000	5.750%	255,000	23,288		
12/15/53	555,000	5.750%		15,956	294,243.75	
06/15/54	555,000	5.750%	270,000	15,956		
12/15/54	285,000	5.750%		8,194	294,150.00	
06/15/55	285,000	5.750%	285,000	8,194	293,193.75	

Total	$4,225,000	$4,582,122	$8,807,122	

Newton Road	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2027	FY 2026	Variance	FY 2027	FY 2026	Variance	FY 2027	FY 2026	Variance	

Condominium	

164	

164	

$290.53	

$290.53	

$0.00	

$1,146.69	

$0.00	

$1,146.69	

$1,437.22	

$290.53	

$1,146.69	
Villas	102	102	$290.53	$290.53	$0.00	$1,194.47	$0.00	$1,194.47	$1,485.00	$290.53	$1,194.47	
Total	266	266				

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