Sabal Palm	
Community Development District	

Adopted Budget	
FY 2025	

Table of Contents

1-3		General Fund	

4-8	
	Narratives	

9	
	Debt Service Fund Series 2014	

10	
	Series 2014 Amortization Schedule	

11	
	Debt Service Fund Series 2016	

12	
	Series 2016 Amortization Schedule	

13	
	Debt Service Fund Series 2017 	

14	
	Series 2017 Amortization Schedule	
15		Assessment Schedule	

Sabal Palm	
Community Development District	
Adopted Budget	
General Fund	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - On Roll	$	729,559	$	745,355	$	-	$	745,355	$	927,780	
Interest income	-	24,933	5,500	30,433	-	
Misc. Income	-	40	-	40	-	
Carry Forward Surplus	-	-	-	-	-	
Central Parc	44,725	44,725	-	44,725	-	
Manor Parc	69,064	69,064	-	69,064	-	
Hidden Trails	22,632	22,632	-	22,632	-	

TOTAL REVENUES	$	865,980	$	906,749	$	5,500	$	912,249	$	927,780	

EXPENDITURES:

Administrative:						
District Engineer Fees	$	15,000	$	13,030	$	4,343	$	17,373	$	15,000	
District Counsel Fees	17,500	10,890	3,630	14,520	17,500	
Annual Audit	5,400	5,400	-	5,400	5,400	
Assessment Administration	4,213	4,213	-	4,213	4,213	
Dissemination Agent	2,500	2,083	694	2,777	2,972	
Trustee Fees	10,500	10,500	-	10,500	10,500	
District Management Fees	41,000	34,167	6,833	41,000	43,870	
Information Technology	500	417	83	500	500	
District Website Administration	1,000	833	167	1,000	1,070	
Telephone	100	-	100	100	50	
Postage & Delivery	646	229	76	305	500	
General Liability and Public Officials Insurance	8,000	7,126	-	7,126	8,000	
Printing & Binding	500	147	49	196	250	
Legal Advertising	1,000	758	253	1,011	1,000	
Bank Fees and Other Charges	1,500	1,246	415	1,661	1,750	
Office Supplies	50	-	50	50	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Contingency	566	-	500	500	500	
Property Taxes	350	308	-	308	315	
TOTAL ADMINISTRATIVE	$	110,500	$	91,522	$	17,194	$	108,716	$	113,615	

Sabal Palm	
Community Development District	
Adopted Budget	
General Fund	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

Field Operations & Maintenance

Sabal North (Central Parc)						
Field Management	$	-	$	-	$	2,600	$	2,600	$	16,200	
Security	8,400	7,475	1,400	8,875	9,240	
Internet/Cable	5,000	2,000	400	2,400	2,400	
Electric/Street Lighting	55,000	25,467	8,489	33,956	36,300	
Water	20,000	2,566	855	3,421	5,000	
Pressure Washing	5,000	-	5,000	5,000	5,000	
Landscape Maintenance	70,000	68,060	13,018	81,078	85,919	
Landscape Contingency	15,000	7,789	2,596	10,385	20,000	
Lake and Canal Maint	11,000	8,810	2,937	11,747	11,101	
Irrigation Repairs	15,000	9,741	3,247	12,988	15,000	
Repairs & Maintenance	6,300	6,594	2,198	8,792	12,500	
Pool/Clubhouse Maintenance/Mgmt	19,599	32,316	900	33,216	-	
Janitorial Services	-	-	-	-	13,900	
Pool Maintenance	-	-	4,865	4,865	8,700	
Clubhouse Maintenance/Furniture	-	-	6,000	6,000	10,000	
Operating Supplies	4,601	1,949	2,729	4,678	4,600	
Permits	3,000	4,045	-	4,045	3,200	
Property Insurance	7,646	6,453	-	6,453	8,000	
Reserves	5,000	-	15,000	15,000	11,000	
Sub Total Sabal North (Central Parc)	$	250,546	$	183,265	$	69,634	$	252,899	$	261,859	

Sabal South (Manor Parc)						
Field Management Services	$	11,904	$	12,158	$	2,341	$	14,499	$	15,000	
Security	16,000	9,119	2,350	11,469	16,000	
Internet/Cable	2,500	1,969	656	2,625	2,500	
Lighting/Electrical	10,000	8,462	2,821	11,283	12,000	
Water	1,750	1,215	405	1,620	1,750	
Property Insurance	6,500	5,486	-	5,486	7,000	
Landscape Maintenance	137,790	96,782	32,261	129,043	137,790	
Pressure Washing	5,000	2,090	697	2,787	5,250	
Lake and Canal Maint	13,224	11,020	3,673	14,693	14,546	
Irrigation Repairs	5,000	9,468	3,156	12,624	5,000	
Janitorial Services	8,500	6,265	2,088	8,353	9,266	
Pool Maintenance	12,000	6,519	1,390	7,909	10,000	
Clubhouse Maintenance	-		5,000	5,000	5,000	
Permits/Contingency	32,849	8,367	2,789	11,156	25,000	
Refuse Service	3,500	3,182	4,455	7,637	4,000	
Drainage Repairs/Preventative	4,203	-	4,000	4,000	4,203	
Reserves	31,000	-	51,000	51,000	31,000	
Sub Total Sabal South (Manor Parc)	$	301,720	$	182,102	$	119,082	$	301,184	$	305,306	

Sabal Palm	
Community Development District	
Adopted Budget	
General Fund	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

Palm Cove (Hidden Trails)

Field Management Services	$	10,700	$	10,040	$	2,104	$	12,144	$	14,000	
Security	5,000	3,694	700	4,394	5,000	
Internet/Cable	2,500	1,969	400	2,369	2,500	
Electric/Street Lighting	40,000	31,694	7,000	38,694	46,200	
Water	2,500	682	341	1,023	2,000	
Property Insurance	6,500	5,486	-	5,486	6,500	
Repairs & Maintenance	5,000	150	3,500	3,650	5,000	
Landscape Maintenance	85,000	69,266	14,417	83,683	95,150	
Pressure Washing	-	1,330	-	1,330	2,500	
Lake and Canal Maint	9,900	6,120	2,040	8,160	8,080	
Irrigation	3,000	7,361	2,454	9,815	3,000	
Janitorial Services	7,000	5,430	1,810	7,240	8,070	
Pool/Clubhouse	15,000	23,751	1,390	25,141	10,000	
Permitting	4,000	3,125	-	3,125	4,000	
Contingency	7,114	8,231	2,744	10,975	15,000	
Reserves	-	-	-	-	20,000	

Sub Total Palm Cove (Hidden Trails)	$	203,213	$	178,329	$	38,899	$	217,228	$	247,000	

TOTAL EXPENDITURES	$	865,980	$	635,218	$	244,809	$	880,027	$	927,780	

EXCESS REVENUES (EXPENDITURES)	$	0	$	271,531	$  (239,309)	$	32,222	$	0	

Sabal Palm	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

REVENUES	

Administrative/Maintenance Assessments	
The District will levy a Non-Ad Valorem assessment on all the platted lots to pay all expenses for the Fiscal Year in accordance with
the adopted budget.	

Expenditures - Administrative	

District Engineering Fees	
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.	
Attorney Fees	
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.	
Annual Audit	
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.	
Assessment Roll Administration	
The District has contracted with Governmental Management Services for the certification of the District’s annual maintenance and debt service assessments to the County Tax Collector.	
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 are held and administered by Regions Bank as Trustee. The fee for each bond issue is $3500 per year.	
District Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.	
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 Compliance	
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	
Telephone and fax machine.	
Postage	
Mailing of agenda packages, overnight deliveries, correspondence, etc.	
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	
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings, public hearings etc in a newspaper of general circulation.	
Other Current Charges	
Bank charges and any other miscellaneous expenses that incurred during the year.	
Office Supplies	
Micellaneous office supplies.	

Sabal Palm	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	

Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.	
Contingencies	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Property Taxes	
Ad Valorem Taxes from Broward County on two Buffer Tracts of land.	

Expenditures – Field Operations - Sabal North (Central Parc)	
Field Management Services	
The District has contracted with GMS-SF, LLC for the onsite management.	

Security		
The District has entered into a contract with Q-Wire Technologies for security services which includes all support and maintenance.	
Internet/Cable		
The District has an account to provide Internet and TV service with Comcast at 5704 NBW 50th Terr.	
Electric/Street Lighting		
The District currently has the following accounts with Florida Power & Light for irrigation pumps, entrance lighting, mail kiosks and streetlights:	
01026-55073	5704 NW 50th Ter Mail Kiosk	
37094-95323	4701 NW 51st Ter #Sign	
55366-46085	5702 NW 50th Ter #Kiosk1	
59281-40473	4824 NW 56th CT #West Ent	
64832-62421	4607 NW 58th St #Kiosk2	
69247-60470	4824 NW 56th CT #East Ent	
70006-81044	4831 NW 48th Lane Streetlighting	
84502-80477	5720 Sabal Palm Ave #Irr	
Water		
The District has an account with the City of Tamarac for water service at 5704 NW 50 Terrace.	
5704 NW 50th Terrace	
Pressure Washing		
Cost to pressure wash infrastructure within the district.		
Landscape Maintenance		
The District has entered into a contract with Shinto & Landscaping to provide the following services:	
Grass Cutting		
Trimming		
Weeding		
Turf Spraying		
Ornamental Spraying	
Fertilization		
Irrigation		
Landscape Oversight	
Landscape Contingency		
Represents Tree Trimming, storm clean up, and any other necessary additional landscaping.	

Sabal Palm	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures – Field Operations - Sabal North (Central Parc) Continued	

Lake and Canal Maint	
The District has contracted with Solitude Lake Management for maintenance of the lakes and canals.	
Irrigation Repairs	
The District has uses Shinto & Landscaping for the maintenance and repair of the irrigation system. This also includes monthly wet	
Repairs & Maintenance	
Represents costs for any repair and maintenance.	
Pool Maintenance	
The District has contracted with Crystal Pool Services for monthly maintenance. The monthly contract is for monthly cleanings November to March at $495/mo and for April to October at $695/mo.	
Clubhouse Maintenance	
This represents the costs associated with pool & clubhous furniture repairs and replacements as well as any other costs to maintain the clubhouse and pool areas.	
Janitorial Services	
The District has contracted with Phoenix Management Services janitorial services and supplies for the pool area.	
Operating Supplies	
Cost for operating supplies.	
Permits	
Represents the annual pool permit and the required quarterly reports from SFWMD prepared by Water Use Compliance Group.	
Property Insurance	
The District's property 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.	
Reserves	
The District will Reserve funds for any unforeseen future expenditure.	

Expenditures – Field Operations - Sabal South (Manor Parc)	

Field Management Services		
The District has contracted with GMS-South Florida for the onsite management.	
Security		
The District has entered into a contract with Q-Wire Technologies for security services which includes all support and maintenance.	
Internet/Cable		
The District has the following accounts to provide Internet and TV service with Comcast:	
4450 NW 48th Terr, Clubhouse	
4831 NW 55th Place, Office	
Lighting/Electrical		
The District currently has the following accounts with Florida Power & Light for irrigation pumps, entrance lighting, and streetlights (some service address may not be the physical location of the meter):	
09676-49534	4900 W Comm #Irr1	
28263-39208	4831 NW 55th Pl #Cabana	
28107-74063	5115 NW 52nd St #Entry #1	
49150-09205	5201 NW 50th Terr #Lift Station	
57431-46580	4900 W Comm #pmp2	
62221-88572	5201 NW 50th Terr #Mail Kiosk #2	
76597-59208	4900 W Commercial Blvd #Entrance Sign	
Water		
The District has an account with the City of Tamarac for water service at:	
4831 NW 55 Place -Cabana	
5402 NW 48 Lane - Lift Station	
Property Insurance		
The District's property 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.	

Sabal Palm	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures – Field Operations - Sabal South (Manor Parc) Continued	

Landscape Maintenance	
The District has entered into a contract with JLS Landscape Services, Inc. to provide the following services:	
Grass Cutting	
Trimming	
Weeding	
Turf Spraying	
Ornamental Spraying	
Fertilization	
Irrigation	
Landscape Oversight	
Pressure Washing	
Cost to pressure wash the infrastructure within the district.	
Lake and Canal Maintenance	
The District has contracted with Solitude Lake Management for maintenance of the canals.	
Irrigation Repairs	
The District has uses Lou-Tel Inc. for the maintenance and repair of the irrigation system. This also includes wet checks.	
Janitorial Services	
The District has contracted with Phoenix Management Services janitorial services and supplies for the pool area.	
Pool/Clubhouse	
The District has contracted with Crystal Pool Services for monthly maintenance. The monthly contract is for monthly cleanings	
Permits/Contingency	
Represents the annual pool permit and the required quarterly reports from SFWMD prepared by Water Use Compliance Group.	
Refuse Service	
The District has contracted with Waste Management for service at the Cabana.	
Drainage Repairs/Preventative	
Represents any drainage repairs and prevention within the district.	
Reserves	
The District will Reserve funds for any unforeseen future expenditure.	

Expenditures – Field Operations - Palm Cove (Hidden Trails)	

Field Management Services		
The District has contracted with GMS-South Florida for the onsite management.	
Security		
The District has entered into a contract with Q-Wire Technologies for security services which includes all support and maintenance.	
Electric/Street Lighting		
The District currently has the following accounts with Florida Power & Light for irrigation pumps, and lift stations (some service address may not be the physical location of the meter):	
24635-13024	4750 W Commercial Blvd #Sign	
27400-20363	4505 Monterey Dr #Irrigation	
43339-74444	4501 Monterey Dr #Stlt	
46139-64339	4505 Monterey Dr #Sign	
67463-39537	4505 Monterey Dr #Lift Station	
72846-77064	4901W Commercail Blvd #Strt Lights	
88994-71331	4450 N 48th Ter #Cabana	

Sabal Palm	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures – Field Operations - Palm Cove (Hidden Trails) Continued	

Water	
The District has an account with the City of Tamarac for water service at:	
4450 NW 48 Ter (Cabana)	
Property Insurance	
The District's property 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.	
Repairs and Maintenance	
Cost of routine repairs and replacements of the district.	
Landscape Maintenance	
The District has entered into a contract with Lou-Tel Inc. to provide the monthly landscaping services.	
Mowing all grass areas	
Weed control shrubs and ground cover areas	
Palm & tree trimming up to 10’	
Pest control of common turf and ornamental	
Debris trash & litter pick-up & removal	
Irrigation wet checks & adjustments	
Weed control paved areas	
Lake and Canal Maintenance	
The District has contracted with Solitude Lake Management for maintenance of the lakes and canals. They also provide quarterly Monitoring Reports.	
Irrigation Repairs	
The District has uses JLS Landscape Service, Inc.. for the maintenance and repair of the irrigation system. This also includes wet	
Janitorial Services	
The District has contracted with Phoenix Management Services janitorial services and supplies for the pool area.	
Pool/Clubhouse	
The District has contracted with Crystal Pool Services for monthly maintenance. The monthly contract is for monthly cleanings	
Permitting	
Represents the annual pool permit and the required quarterly reports from SFWMD prepared by Water Use Compliance Group.	
Contingency	
Represents an unanticipated cost associated with the operation and maintenance within the district.	
Reserves	
The District will Reserve funds for any unforeseen future expenditure.	

Sabal Palm	
Community Development District	
Adopted Budget	
Debt Service Series 2014 Special Assessment Bonds - North Parcel Project "Central Parc"	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments-On Roll	$	307,094	$	314,090	$	-	$	314,090	$	307,095	
Interest Earnings	-	29,583	5,000	34,583	-	
Carry Forward Surplus (1)	325,711	328,271	-	328,271	374,044	

TOTAL REVENUES	$	632,805	$	671,944	$	5,000	$	676,944	$	681,139	

EXPENDITURES:

Interest 11/1	$	117,522	$	117,522	$	-	$	117,522	$	115,378	
Principal 11/1	70,000	70,000	-	70,000	75,000	
Interest 5/1	115,378	115,378	-	115,378	113,081	

TOTAL EXPENDITURES	$	302,900	$	302,900	$	-	$	302,900	$	303,459	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	

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

TOTAL EXPENDITURES	$	302,900	$	302,900	$	-	$	302,900	$	303,459	

EXCESS REVENUES (EXPENDITURES)	$	329,905	$	369,044	$	5,000	$	374,044	$	377,679	

Interest Due 11/1/25	$113,081	
Principal Due 5/1/26		$80,000 	
		$193,081 	

(1) Carry Forward is Net of Reserve Requirement

Sabal Palm	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2014 Special Assessment Bonds - North Parcel Project "Central Parc"	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/14	$3,785,000	6.125%	$-	$46,468	46,468	
11/01/14	3,785,000	6.125%	-	130,691		
05/01/15	3,785,000	6.125%	-	130,691	261,381	
11/01/15	3,785,000	6.125%	45,000	130,691		
05/01/16	3,740,000	6.125%	-	129,313	305,003	
11/01/16	3,740,000	6.125%	45,000	129,313		
05/01/17	3,695,000	6.125%	-	127,934	302,247	
11/01/17	3,695,000	6.125%	50,000	127,934		
05/01/18	3,645,000	6.125%	-	126,403	304,338	
11/01/18	3,645,000	6.125%	50,000	126,403		
05/01/19	3,595,000	6.125%	-	124,872	301,275	
11/01/19	3,595,000	6.125%	55,000	124,872		
05/01/20	3,540,000	6.125%	-	123,188	303,059	
11/01/20	3,540,000	6.125%	60,000	123,188		
05/01/21	3,480,000	6.125%	-	121,350	304,538	
11/01/21	3,480,000	6.125%	60,000	121,350	181,350	
05/01/22	3,420,000	6.125%	-	119,513	119,513	
11/01/22	3,420,000	6.125%	65,000	119,513		
05/01/23	3,355,000	6.125%	-	117,522	302,034	
11/01/23	3,355,000	6.125%	70,000	117,522		
05/01/24	3,285,000	6.125%	-	115,378	302,900	
11/01/24	3,285,000	6.125%	75,000	115,378		
05/01/25	3,210,000	6.125%	-	113,081	303,459	
11/01/25	3,210,000	6.125%	80,000	113,081		
05/01/26	3,130,000	6.125%	-	110,631	303,713	
11/01/26	3,130,000	6.125%	85,000	110,631		
05/01/27	3,045,000	6.125%	-	108,028	303,659	
11/01/27	3,045,000	6.125%	90,000	108,028		
05/01/28	2,955,000	7.125%	-	105,272	303,300	
11/01/28	2,955,000	7.125%	95,000	105,272		
05/01/29	2,860,000	7.125%	-	101,888	302,159	
11/01/29	2,860,000	7.125%	100,000	101,888		
05/01/30	2,760,000	7.125%	-	98,325	300,213	
11/01/30	2,760,000	7.125%	110,000	98,325		
05/01/31	2,650,000	7.125%	-	94,406	302,731	
11/01/31	2,650,000	7.125%	115,000	94,406		
05/01/32	2,535,000	7.125%	-	90,309	299,716	
11/01/32	2,535,000	7.125%	125,000	90,309		
05/01/33	2,410,000	7.125%	-	85,856	301,166	
11/01/33	2,410,000	7.125%	135,000	85,856		
05/01/34	2,275,000	7.125%	-	81,047	301,903	
11/01/34	2,275,000	7.125%	145,000	81,047		
05/01/35	2,130,000	7.125%	-	75,881	301,928	
11/01/35	2,130,000	7.125%	155,000	75,881		
05/01/36	1,975,000	7.125%	-	70,359	301,241	
11/01/36	1,975,000	7.125%	165,000	70,359		
05/01/37	1,810,000	7.125%	-	64,481	299,841	
11/01/37	1,810,000	7.125%	175,000	64,481		
05/01/38	1,635,000	7.125%	-	58,247	297,728	
11/01/38	1,635,000	7.125%	190,000	58,247		
05/01/39	1,445,000	7.125%	-	51,478	299,725	
11/01/39	1,445,000	7.125%	200,000	51,478		
05/01/40	1,245,000	7.125%	-	44,353	295,831	
11/01/40	1,245,000	7.125%	215,000	44,353		
05/01/41	1,030,000	7.125%	-	36,694	296,047	
11/01/41	1,030,000	7.125%	230,000	36,694		
05/01/42	800,000	7.125%	-	28,500	295,194	
11/01/42	800,000	7.125%	250,000	28,500		
05/01/43	550,000	7.125%	-	19,594	298,094	
11/01/43	550,000	7.125%	265,000	19,594		
05/01/44	285,000	7.125%	-	10,153	294,747	
11/01/44	285,000	7.125%	285,000	10,153	295,153	

Total	$3,785,000	$5,546,652	$9,331,652	

Sabal Palm	
Community Development District	
Adopted Budget	
Debt Service Series 2016 Special Assessment Bonds - Palm Cove Project "Hidden Trails"	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments-On Roll	$	278,275	$	284,472	$	-	$	284,472	$	278,275	
Interest Earnings	-	17,482	3,000	20,482	-	
Carry Forward Surplus (1)	220,487	237,998	-	237,998	276,490	

TOTAL REVENUES	$	498,762	$	539,952	$	3,000	$	542,952	$	554,765	

EXPENDITURES:

Interest 11/1	$	98,469	$	98,469	$	-	$	98,469	$	96,369	
Principal 11/1	80,000	$80,000	-	80,000	85,000	
Interest 5/1	96,369	96,369	-	96,369	94,138	

TOTAL EXPENDITURES	$	274,838	$	274,838	$	-	$	274,838	$	275,506	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(7,175)	$	(1,200)	$	(8,375)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(7,175)	$	(1,200)	$	(8,375)	$	-	

TOTAL EXPENDITURES	$	274,838	$	267,663	$	(1,200)	$	266,463	$	275,506	

EXCESS REVENUES (EXPENDITURES)	$	223,924	$	272,290	$	4,200	$	276,490	$	279,258	

Interest Due 11/1/25	$94,138	
Principal Due 5/1/26		$90,000 	
		$184,138 	

(1) Carry Forward is Net of Reserve Requirement

Sabal Palm	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2016 Special Assessment Bonds - Palm Cove Project "Hidden Trails"	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/17	$4,055,000	4.000%	$-	$106,669	$-	
11/01/17	4,055,000	4.000%	60,000	106,669	$273,338	
05/01/18	3,995,000	4.000%	-	105,469		
11/01/18	3,995,000	4.000%	65,000	105,469	$275,938	
05/01/19	3,930,000	4.000%	-	104,169		
11/01/19	3,930,000	4.000%	65,000	104,169	$273,338	
05/01/20	3,865,000	4.000%	-	102,869		
11/01/20	3,865,000	4.000%	70,000	102,869	$275,738	
05/01/21	3,795,000	4.000%	-	101,469		
11/01/21	3,795,000	4.000%	75,000	101,469	$277,938	
05/01/22	3,720,000	4.000%	-	99,969		
11/01/22	3,720,000	4.000%	75,000	99,969	$274,938	
05/01/23	3,645,000	5.250%	-	98,469		
11/01/23	3,645,000	5.250%	80,000	98,469	$276,938	
05/01/24	3,565,000	5.250%	-	96,369		
11/01/24	3,565,000	5.250%	85,000	96,369	$277,738	
05/01/25	3,480,000	5.250%	-	94,138		
11/01/25	3,480,000	5.250%	90,000	94,138	$278,275	
05/01/26	3,390,000	5.250%	-	91,775		
11/01/26	3,390,000	5.250%	90,000	91,775	$273,550	
05/01/27	3,300,000	5.250%	-	89,413		
11/01/27	3,300,000	5.250%	95,000	89,413	$273,825	
05/01/28	3,205,000	5.250%	-	86,919		
11/01/28	3,205,000	5.250%	100,000	86,919	$273,838	
05/01/29	3,105,000	5.250%	-	84,294		
11/01/29	3,105,000	5.250%	105,000	84,294	$273,588	
05/01/30	3,000,000	5.250%	-	81,538		
11/01/30	3,000,000	5.250%	110,000	81,538	$273,075	
05/01/31	2,890,000	5.250%	-	78,650		
11/01/31	2,890,000	5.250%	120,000	78,650	$277,300	
05/01/32	2,770,000	5.250%	-	75,500		
11/01/32	2,770,000	5.250%	125,000	75,500	$276,000	
05/01/33	2,645,000	5.250%	-	72,219		
11/01/33	2,645,000	5.250%	130,000	72,219	$274,438	
05/01/34	2,515,000	5.250%	-	68,806		
11/01/34	2,515,000	5.250%	140,000	68,806	$277,613	
05/01/35	2,375,000	5.250%	-	65,131		
11/01/35	2,375,000	5.250%	145,000	65,131	$275,263	
05/01/36	2,230,000	5.500%	-	61,325		
11/01/36	2,230,000	5.500%	155,000	61,325	$277,650	
05/01/37	2,075,000	5.500%	-	57,063		
11/01/37	2,075,000	5.500%	160,000	57,063	$274,125	
05/01/38	1,915,000	5.500%	-	52,663		
11/01/38	1,915,000	5.500%	170,000	52,663	$275,325	
05/01/39	1,745,000	5.500%	-	47,988		
11/01/39	1,745,000	5.500%	180,000	47,988	$275,975	
05/01/40	1,565,000	5.500%	-	43,038		
11/01/40	1,565,000	5.500%	190,000	43,038	$276,075	
05/01/41	1,375,000	5.500%	-	37,813		
11/01/41	1,375,000	5.500%	200,000	37,813	$275,625	
05/01/42	1,175,000	5.500%	-	32,313		
11/01/42	1,175,000	5.500%	210,000	32,313	$274,625	
05/01/43	965,000	5.500%	-	26,538		
11/01/43	965,000	5.500%	220,000	26,538	$273,075	
05/01/44	745,000	5.500%	-	20,488		
11/01/44	745,000	5.500%	235,000	20,488	$275,975	
05/01/45	510,000	5.500%	-	14,025		
11/01/45	510,000	5.500%	250,000	14,025	$278,050	
05/01/46	260,000	5.500%	-	7,150		
11/01/46	260,000	5.500%	260,000	7,150	$274,300	

Total	$4,055,000	$4,208,463	$8,263,463	

Sabal Palm	
Community Development District	
Adopted Budget	
Debt Service Series 2017 Special Assessment Bonds - South Project "Manor Parc South"	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments-On Roll	$	317,839	$	324,210	$	-	$	324,210	$	317,839	
Interest Earnings	-	22,986	3,000	25,986	-	
Carry Forward Surplus (1)	327,786	352,315	-	352,315	388,348	

TOTAL REVENUES	$	645,625	$	699,511	$	3,000	$	702,511	$	706,187	

EXPENDITURES:

Interest 11/1	$	108,144	$	108,144	$	-	$	108,144	$	106,019	
Principal 11/1	100,000	$100,000	-	100,000	105,000	
Interest 5/1	106,019	106,019	-	106,019	103,788	

TOTAL EXPENDITURES	$	314,163	$	314,163	$	-	$	314,163	$	314,806	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	

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

TOTAL EXPENDITURES	$	314,163	$	314,163	$	-	$	314,163	$	314,806	

EXCESS REVENUES (EXPENDITURES)	$	331,462	$	385,348	$	3,000	$	388,348	$	391,381	

Interest Due 11/1/25	$103,788	
Principal Due 5/1/26		$110,000 	
		$213,788 	

(1) Carry Forward is Net of Reserve Requirement

Sabal Palm	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2017 Special Assessment Bonds - South Project "Manor Parc South"	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/17	$4,945,000	3.500%	$-	$60,588	$60,588	
05/01/18	4,945,000	3.500%	-	116,019	$-	
11/01/18	4,945,000	3.500%	85,000	116,019	$317,038	
05/01/19	4,860,000	3.500%	-	114,531		
11/01/19	4,860,000	3.500%	85,000	114,531	$314,063	
05/01/20	4,775,000	3.500%	-	113,044		
11/01/20	4,775,000	3.500%	90,000	113,044	$316,088	
05/01/21	4,685,000	3.500%	-	111,469		
11/01/21	4,685,000	3.500%	95,000	111,469	$317,938	
05/01/22	4,590,000	3.500%	-	109,806		
11/01/22	4,590,000	3.500%	95,000	109,806	$314,613	
05/01/23	4,495,000	4.250%	-	108,144		
11/01/23	4,495,000	4.250%	100,000	108,144	$316,288	
05/01/24	4,395,000	4.250%	-	106,019		
11/01/24	4,395,000	4.250%	105,000	106,019	$317,038	
05/01/25	4,290,000	4.250%	-	103,788		
11/01/25	4,290,000	4.250%	110,000	103,788	$317,575	
05/01/26	4,180,000	4.250%	-	101,450		
11/01/26	4,180,000	4.250%	115,000	101,450	$317,900	
05/01/27	4,065,000	4.250%	-	99,006		
11/01/27	4,065,000	4.250%	115,000	99,006	$313,013	
05/01/28	3,950,000	4.250%	-	96,563		
11/01/28	3,950,000	4.250%	120,000	96,563	$313,125	
05/01/29	3,830,000	4.750%	-	94,013		
11/01/29	3,830,000	4.750%	125,000	94,013	$313,025	
05/01/30	3,705,000	4.750%	-	91,044		
11/01/30	3,705,000	4.750%	135,000	91,044	$317,088	
05/01/31	3,570,000	4.750%	-	87,838		
11/01/31	3,570,000	4.750%	140,000	87,838	$315,675	
05/01/32	3,430,000	4.750%	-	84,513		
11/01/32	3,430,000	4.750%	145,000	84,513	$314,025	
05/01/33	3,285,000	4.750%	-	81,069		
11/01/33	3,285,000	4.750%	155,000	81,069	$317,138	
05/01/34	3,130,000	4.750%	-	77,388		
11/01/34	3,130,000	4.750%	160,000	77,388	$314,775	
05/01/35	2,970,000	4.750%	-	73,588		
11/01/35	2,970,000	4.750%	170,000	73,588	$317,175	
05/01/36	2,800,000	4.750%	-	69,550		
11/01/36	2,800,000	4.750%	175,000	69,550	$314,100	
05/01/37	2,625,000	4.750%	-	65,394		
11/01/37	2,625,000	4.750%	185,000	65,394	$315,788	
05/01/38	2,440,000	5.000%	-	61,000		
11/01/38	2,440,000	5.000%	195,000	61,000	$317,000	
05/01/39	2,245,000	5.000%	-	56,125		
11/01/39	2,245,000	5.000%	205,000	56,125	$317,250	
05/01/40	2,040,000	5.000%	-	51,000		
11/01/40	2,040,000	5.000%	215,000	51,000	$317,000	
05/01/41	1,825,000	5.000%	-	45,625		
11/01/41	1,825,000	5.000%	225,000	45,625	$316,250	
05/01/42	1,600,000	5.000%	-	40,000		
11/01/42	1,600,000	5.000%	235,000	40,000	$315,000	
05/01/43	1,365,000	5.000%	-	34,125		
11/01/43	1,365,000	5.000%	245,000	34,125	$313,250	
05/01/44	1,120,000	5.000%	-	28,000		
11/01/44	1,120,000	5.000%	260,000	28,000	$316,000	
05/01/45	860,000	5.000%	-	21,500		
11/01/45	860,000	5.000%	275,000	21,500	$318,000	
05/01/46	585,000	5.000%	-	14,625		
11/01/46	585,000	5.000%	285,000	14,625	$314,250	
05/01/47	300,000	5.000%	-	7,500		
11/01/47	300,000	5.000%	300,000	7,500	$315,000	

Total	$4,945,000	$4,588,050	$9,533,050	

Sabal Palm	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	O&M Units	Series 2014
Units	Series 2016
Units	Series 2017
Units	Annual Maintenance Assessments	Annual Debt Assessments	Total Assessed Per Unit	
	
FY 2025	
FY2024			Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	

North Project					
Admin	
Field	
Total	
Admin	
Field	
Total								
Single Family	253	253	0	0	$171.20	$1,101.08	$1,272.28	$166.61	$845.09	$1,011.70	$260.58	$1,291.29	$1,291.29	$0.00	$2,563.57	$2,302.99	$260.58	

South Project																		
Single Family 30'	100	0	0	100	$171.20	$1,358.97	$1,530.17	$166.61	$1,056.84	$1,223.45	$306.72	$1,355.42	$1,355.42	$0.00	$2,885.59	$2,578.87	$306.72	
Single Family 40'	139	0	0	139	$171.20	$1,358.97	$1,530.17	$166.61	$1,056.84	$1,223.45	$306.72	$1,457.44	$1,457.44	$0.00	$2,987.61	$2,680.89	$306.72	

Palm Cove Project																		
Single Family	214	0	214	0	$171.20	$1,227.88	$1,399.08	$166.27	$898.04	$1,064.31	$334.77	$1,383.35	$1,383.35	$0.00	$2,782.43	$2,447.66	$334.77	
Total	706	253	214	239