Sabal Palm
Community Development District

Adopted Budget
FY 2026

Table of Contents

1-2		General Fund	

3-7	
	Narratives	

8	
	Debt Service Fund Series 2014	

9	
	Series 2014 Amortization Schedule	

10	
	Debt Service Fund Series 2016	

11	
	Series 2016 Amortization Schedule	

12	
	Debt Service Fund Series 2017 	

13	
	Series 2017 Amortization Schedule	
14		Assessment Schedule	

Sabal Palm	
Community Development District	
Adopted Budget	
General Fund	
Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	943,980	$	951,151	$	-	$	951,151	$  1,021,811	
Interest income	-	29,194	3,500	32,694	10,000	
Misc. Income	-	420	-	420	-	
TOTAL REVENUES	$	943,980	$	980,765	$	3,500	$	984,265	$ 1,031,811	

EXPENDITURES:						
Administrative:						
District Engineer Fees	$	15,000	$	8,468	$	2,823	$	11,291	$	15,000	
District Counsel Fees	17,500	10,849	3,616	14,465	17,500	
Annual Audit	5,400	4,000	1,500	5,500	5,600	
Assessment Administration	4,213	4,213	-	4,213	4,508	
Dissemination Agent	2,972	2,477	495	2,972	3,180	
Trustee Fees	10,500	7,000	3,500	10,500	10,500	
District Management Fees	43,870	36,558	7,312	43,870	46,941	
Information Technology	500	417	83	500	500	
District Website Administration	1,070	892	178	1,070	1,145	
Telephone	50	-	50	50	50	
Postage & Delivery	500	949	316	1,265	500	
General Liability and Public Officials Insurance	8,000	7,624	-	7,624	8,000	
Printing & Binding	250	530	177	707	250	
Legal Advertising	1,000	1,087	362	1,449	1,000	
Bank Fees and Other Charges	1,750	653	218	871	750	
Office Supplies	50	-	50	50	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Contingency	500	-	500	500	400	
Property Taxes	315	319	-	319	315	
TOTAL ADMINISTRATIVE	$	113,615	$	86,211	$	21,180	$	107,391	$	116,364	

Field Operations & Maintenance						
Sabal North (Central Parc)						
Field Management	$	16,200	$	13,500	$	2,700	$	16,200	16,200	
Security	9,240	8,022	1,400	9,422	9,240	
Internet/Cable	2,400	2,115	400	2,515	2,400	
Electric/Street Lighting	36,300	24,980	8,327	33,307	36,300	
Landscape Lighting	-	-	-	-	10,000	
Water	5,000	1,604	535	2,139	5,000	
Pressure Washing	5,000	850	5,000	5,850	10,000	
Landscape Maintenance	85,919	65,085	13,017	78,102	85,919	
Tree Trimming	-	-	-	-	23,000	
Mulch	-	-	-	-	10,000	
Landscape Replacement - Flowers	-	-	-	-	2,500	
Drain Cleaning	-	-	-	-	3,173	
Lake and Canal Maint	11,101	8,800	1,760	10,560	11,100	
Irrigation Repairs	15,000	22,144	4,429	26,573	15,000	
Repairs & Maintenance	12,500	11,553	2,311	13,864	10,000	
Camera Repairs	-	-	-	-	9,000	
Janitorial Services	13,900	10,191	2,310	12,501	13,900	
Pool Maintenance	8,700	12,468	1,885	14,353	8,700	
Pool Repairs	-	-	2,500	2,500	7,500	
Cabana Maintenance	10,000	765	8,000	8,765	9,000	
Pest Control - Iguana Removal	-	-	-	-	2,500	
Operating Supplies	4,600	4,568	5,500	10,068	5,000	
Permits	3,200	4,150	1,525	5,675	4,000	
Property Insurance	8,000	6,678	-	6,678	7,000	
Contingency	20,000	18,670	6,223	24,893	10,000	
Reserves	11,000	-	3,559	3,559	16,374	
Sub Total Sabal North (Central Parc)	$	278,059	$	216,143	$	71,380	$	287,523	$	342,806	

Sabal Palm	
Community Development District	
Adopted Budget	
General Fund	
Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

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

Sabal South (Manor Parc)						
Field Management Services	$	15,000	$	12,500	$	2,500	$	15,000	$	15,000	
Security	16,000	16,940	2,350	19,290	16,000	
Internet/Cable	2,500	2,163	433	2,596	2,500	
Lighting/Electrical	12,000	9,086	3,029	12,115	12,000	
Water	1,750	1,249	416	1,665	2,000	
Property Insurance	7,000	5,844	-	5,844	7,000	
Landscape Maintenance	137,790	120,745	40,248	160,993	137,790	
Tree Trimming	-	-	-	-	-	
Mulch	-	-	-	-	8,000	
Annual Flowers	-	-	-	-	2,000	
Pressure Washing	5,250	1,350	450	1,800	5,250	
Lake and Canal Maint	14,546	11,000	3,667	14,667	14,550	
Irrigation Repairs	5,000	17,726	5,909	23,635	15,000	
Janitorial Services	9,266	7,050	2,350	9,400	9,500	
Pool Maintenance	10,000	10,237	1,885	12,122	11,000	
Cabana Maintenance	5,000		5,000	5,000	5,370	
Permits	25,000	2,450	1,050	3,500	3,500	
Refuse Service	4,000	667	469	1,136	800	
Drain Cleaning	-	-	-	-	3,000	
Drainage Repairs/Preventative	4,203	350	3,000	3,350	5,000	
Contingency	-	15,303	9,143	24,446	32,500	
Reserves	31,000	-	8,500	8,500	-	
Sub Total Sabal South (Manor Parc)	$	305,306	$	234,660	$	90,398	$	325,058	$	307,760	

Palm Cove (Hidden Trails)						
Field Management Services	$	14,000	$	11,667	$	2,333	$	14,000	$	14,000	
Security	5,000	3,500	700	4,200	5,000	
Internet/Cable	2,500	1,959	400	2,359	2,500	
Electric/Street Lighting	46,200	31,225	10,500	41,725	46,200	
Water	2,000	821	274	1,095	1,500	
Property Insurance	6,500	5,426	-	5,426	6,500	
Repairs & Maintenance	5,000	15,294	5,098	20,392	10,000	
Landscape Maintenance	95,150	71,445	22,215	93,660	88,860	
Landscape Enchancements	-	-	-	-	19,000	
Tree Trimming	-	25,380	-	25,380	6,000	
Mulch	-	-	-	-	8,000	
Pressure Washing	2,500	850	-	850	6,500	
Lake and Canal Maint	8,080	11,628	3,876	15,504	8,080	
Drain Cleaning	-	-	-	-	2,684	
Irrigation Repairs	3,000	7,458	2,486	9,944	3,000	
Janitorial Services	8,070	6,168	1,342	7,510	8,058	
Cabana Maintenance	10,000	7,721	1,885	9,606	10,000	
Permits	4,000	1,225	1,800	3,025	4,000	
Contingency	15,000	2,713	904	3,617	5,000	
Reserves	20,000	-	6,000	6,000	10,000	
Sub Total Palm Cove (Hidden Trails)	$	247,000	$	204,480	$	59,813	$	264,293	$	264,882	

TOTAL EXPENDITURES	$	943,980	$	741,494	$	242,771	$	984,265	$ 1,031,811	

EXCESS REVENUES (EXPENDITURES)	$	0  $	239,271  $  (239,271)  $	0  $	0	

Gross Assessments	$  1,087,034	
Less: Discounts & Collections 6%		65,222 	
Net Assessments	 $ 1,021,811 	

Central Parc
Single Family	
253	
$  405,236.00	
$	1,272.29	
$	1,601.72	
$	329.43	
Manor Parc						
Single Family 30'	100	$  153,016.55	$	1,530.17	$	1,530.17	$	(0.00)	
Single Family 40'	139	$  212,693.01	$	1,530.17	$	1,530.17	$	(0.00)	
Hidden Trails
Single Family	
214	
$  316,087.94	
$	1,399.08	
$	1,477.05	
$	77.97	
Total	706	$ 1,087,033.50	

Sabal Palm	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

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 has contracted with KCI Techologies, Inc to provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.	
Attorney Fees	
The District has contracted with Billing, Cochran, Lyles, Mauro & Ramsey, PA to provide 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 - South Florida, LLC 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 2026	

Expenditures - Administrative (continued)	

Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the FloridaCommerce 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 including the South wall.	
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 storm clean up, and any other necessary additional landscaping.	

Sabal Palm	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

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

Tree Trimming	
Represents the cost of trimming the trees at the cabana and entrances, Turnpike Wall clean up, Palm trimmings and Hardwood trimmings.	
Mulch	
Represents the cost of mulch in the common areas and Fitness Equipment area.	
Lake and Canal Maint	
The District has contracted with Southeast Land and Water Management LLC 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 911 Commercial Cleaning for 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	

Sabal Palm	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

Expenditures – Field Operations - Sabal South (Manor Parc) Continued	
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.	
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 JLS Tree Services for the maintenance and repair of the irrigation system. This also includes wet checks.	
Janitorial Services	
The District has contracted with 911 Commercial Cleaning for 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 2026	

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 JLS Tree Services 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	
Tree Trimming	
Represents the cost of trimming the trees at the cabana and entrances. Turnpike Wall rtimming was completed and not needed again until 2027.	
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 911 Commercial Cleaning for janitorial services and supplies for the pool area.	
Cabana Maintenance	
The District has contracted with Crystal Pool Services for monthly maintenance. The monthly contract is for monthly cleanings	
Permits	
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 2024 Special Assessment Refunding Bonds - North Parcel Project "Central Parc"	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	307,095	$	314,198	$	-	$	314,198	$	228,750	
Interest Earnings	-	8,151	1,500	9,651	-	
Carry Forward Surplus (1)	374,044	311,890	-	311,890	159,251	

TOTAL REVENUES	$	681,139	$	634,239	$	1,500	$	635,739	$	388,001	

EXPENDITURES:

Interest 11/1	$	16,654	$	16,654	$	-	$	16,654	$	70,313	
Principal 5/1	85,000	85,000	-	85,000	90,000	
Interest 5/1	71,375	71,375	-	71,375	68,125	

TOTAL EXPENDITURES	$	173,029	$	173,029	$	-	$	173,029	$	228,438	

Other Sources/(Uses)

Series 2014 Payoff	$	303,459	$	303,459	$	-	$	303,459	$	-	

TOTAL OTHER SOURCES/(USES)	$	303,459	$	303,459	$	-	$	303,459	$	-	

TOTAL EXPENDITURES	$	476,488	$	476,488	$	-	$	476,488	$	228,438	

EXCESS REVENUES (EXPENDITURES)	$	204,651	$	157,751	$	1,500	$	159,251	$	159,563	

Interest Due 11/1/25	$68,125	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 6%	
Net Assessments	

$	243,351	
	14,601 	
 $	228,750 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	
Central Parc						
Single Family	253	$ 243,350.58	$	1,291.29	$	961.86	$	(329.43)	

Total	253	$ 243,350.58	

Sabal Palm	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2024 Special Assessment Refunding Bonds - North Parcel Project "Central Parc"	

Period	Outstanding Balance	Principal	Interest	Annual Debt Service	

11/01/24	2,855,000	-	16,654	16,654	
05/01/25	2,855,000	85,000	70,313		
11/01/25	2,770,000	-	70,313	225,625	
05/01/26	2,770,000	90,000	68,125		
11/01/26	2,680,000	-	68,125	226,250	
05/01/27	2,680,000	95,000	65,813		
11/01/27	2,585,000	-	65,813	226,625	
05/01/28	2,585,000	100,000	63,375		
11/01/28	2,485,000	-	63,375	226,750	
05/01/29	2,485,000	100,000	60,875		
11/01/29	2,385,000	-	60,875	221,750	
05/01/30	2,385,000	110,000	58,250		
11/01/30	2,275,000	-	58,250	226,500	
05/01/31	2,275,000	115,000	55,438		
11/01/31	2,160,000	-	55,438	225,875	
05/01/32	2,160,000	120,000	52,500		
11/01/32	2,040,000	-	52,500	225,000	
05/01/33	2,040,000	130,000	49,375		
11/01/33	1,910,000	-	49,375	228,750	
05/01/34	1,910,000	135,000	46,063		
11/01/34	1,775,000	-	46,063	227,125	
05/01/35	1,775,000	140,000	42,625		
11/01/35	1,635,000	-	42,625	225,250	
05/01/36	1,635,000	145,000	39,063		
11/01/36	1,490,000	-	39,063	223,125	
05/01/37	1,490,000	155,000	35,313		
11/01/37	1,335,000	-	35,313	225,625	
05/01/38	1,335,000	165,000	31,313		
11/01/38	1,170,000	-	31,313	227,625	
05/01/39	1,170,000	170,000	27,125		
11/01/39	1,000,000	-	27,125	224,250	
05/01/40	1,000,000	180,000	22,750		
11/01/40	820,000	-	22,750	225,500	
05/01/41	820,000	190,000	18,125		
11/01/41	630,000	-	18,125	226,250	
05/01/42	630,000	200,000	13,250		
11/01/42	430,000	-	13,250	226,500	
05/01/43	430,000	210,000	8,125		
11/01/43	220,000	-	8,125	226,250	
05/01/44	220,000	220,000	5,500	225,500	

Total	$2,855,000	$1,677,779	$4,532,779	

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	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	278,275	$	282,695	$	-	$	282,695	$	278,275	
Interest Earnings	-	15,284	3,000	18,284	-	
Carry Forward Surplus (1)	220,487	237,998	-	237,998	266,660	

TOTAL REVENUES	$	498,762	$	535,977	$	3,000	$	538,977	$	544,935	

EXPENDITURES:

Interest 11/1	$	96,369	$	96,369	$	-	$	96,369	$	94,138	
Principal 11/1	85,000	$85,000	-	85,000	90,000	
Interest 5/1	94,138	94,138	-	94,138	91,775	

TOTAL EXPENDITURES	$	275,506	$	275,506	$	-	$	275,506	$	275,913	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(3,189)	$	-	$	(3,189)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(3,189)	$	-	$	(3,189)	$	-	

TOTAL EXPENDITURES	$	275,506	$	272,317	$	-	$	272,317	$	275,913	

EXCESS REVENUES (EXPENDITURES)	$	223,255	$	263,660	$	3,000	$	266,660	$	269,022	

Interest Due 11/1/26	$91,775	
Principal Due 11/1/26			$90,000 	
		$181,775 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 6%	
Net Assessments	

$	296,037	
	17,762 	
 $	278,275 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	
Hidden Trails						
Single Family	214	$ 296,036.90	$	1,383.35	$	1,383.35	$	-	

Total	214	$ 296,036.90	

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	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	317,839	$	329,001	$	-	$	329,001	$	317,839	
Interest Earnings	-	20,725	3,000	23,725	-	
Carry Forward Surplus (1)	327,786	389,680	-	389,680	427,600	

TOTAL REVENUES	$	645,625	$	739,406	$	3,000	$	742,406	$	745,438	

EXPENDITURES:

Interest 11/1	$	106,019	$	106,019	$	-	$	106,019	$	103,788	
Principal 11/1	105,000	$105,000	-	105,000	110,000	
Interest 5/1	103,788	103,788	-	103,788	101,450	

TOTAL EXPENDITURES	$	314,806	$	314,806	$	-	$	314,806	$	315,238	

Other Sources/(Uses)

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

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

TOTAL EXPENDITURES	$	314,806	$	314,806	$	-	$	314,806	$	315,238	

EXCESS REVENUES (EXPENDITURES)	$	330,818	$	424,600	$	3,000	$	427,600	$	430,201	

Interest Due 11/1/26	$101,450	
Principal Due 11/1/26		$115,000 	
		$216,450 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 6%	
Net Assessments	

$	338,126	
	20,288 	
 $	317,839 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	
Manor Parc						
Single Family 30'	100	$ 135,542.00	$	1,355.42	$	1,355.42	$	-	
Single Family 40'	139	$ 202,584.16	$	1,457.44	$	1,457.44	$	-	

Total	100	$ 338,126.16	

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		
05/01/18	4,945,000	3.500%	-	116,019	176,606	
11/01/18	4,945,000	3.500%	85,000	116,019		
05/01/19	4,860,000	3.500%	-	114,531	315,550	
11/01/19	4,860,000	3.500%	85,000	114,531		
05/01/20	4,775,000	3.500%	-	113,044	312,575	
11/01/20	4,775,000	3.500%	90,000	113,044		
05/01/21	4,685,000	3.500%	-	111,469	314,513	
11/01/21	4,685,000	3.500%	95,000	111,469		
05/01/22	4,590,000	3.500%	-	109,806	316,275	
11/01/22	4,590,000	3.500%	95,000	109,806		
05/01/23	4,495,000	4.250%	-	108,144	312,950	
11/01/23	4,495,000	4.250%	100,000	108,144		
05/01/24	4,395,000	4.250%	-	106,019	314,163	
11/01/24	4,395,000	4.250%	105,000	106,019		
05/01/25	4,290,000	4.250%	-	103,788	314,806	
11/01/25	4,290,000	4.250%	110,000	103,788		
05/01/26	4,180,000	4.250%	-	101,450	315,238	
11/01/26	4,180,000	4.250%	115,000	101,450		
05/01/27	4,065,000	4.250%	-	99,006	315,456	
11/01/27	4,065,000	4.250%	115,000	99,006		
05/01/28	3,950,000	4.250%	-	96,563	310,569	
11/01/28	3,950,000	4.250%	120,000	96,563		
05/01/29	3,830,000	4.750%	-	94,013	310,575	
11/01/29	3,830,000	4.750%	125,000	94,013		
05/01/30	3,705,000	4.750%	-	91,044	310,056	
11/01/30	3,705,000	4.750%	135,000	91,044		
05/01/31	3,570,000	4.750%	-	87,838	313,881	
11/01/31	3,570,000	4.750%	140,000	87,838		
05/01/32	3,430,000	4.750%	-	84,513	312,350	
11/01/32	3,430,000	4.750%	145,000	84,513		
05/01/33	3,285,000	4.750%	-	81,069	310,581	
11/01/33	3,285,000	4.750%	155,000	81,069		
05/01/34	3,130,000	4.750%	-	77,388	313,456	
11/01/34	3,130,000	4.750%	160,000	77,388		
05/01/35	2,970,000	4.750%	-	73,588	310,975	
11/01/35	2,970,000	4.750%	170,000	73,588		
05/01/36	2,800,000	4.750%	-	69,550	313,138	
11/01/36	2,800,000	4.750%	175,000	69,550		
05/01/37	2,625,000	4.750%	-	65,394	309,944	
11/01/37	2,625,000	4.750%	185,000	65,394		
05/01/38	2,440,000	5.000%	-	61,000	311,394	
11/01/38	2,440,000	5.000%	195,000	61,000		
05/01/39	2,245,000	5.000%	-	56,125	312,125	
11/01/39	2,245,000	5.000%	205,000	56,125		
05/01/40	2,040,000	5.000%	-	51,000	312,125	
11/01/40	2,040,000	5.000%	215,000	51,000		
05/01/41	1,825,000	5.000%	-	45,625	311,625	
11/01/41	1,825,000	5.000%	225,000	45,625		
05/01/42	1,600,000	5.000%	-	40,000	310,625	
11/01/42	1,600,000	5.000%	235,000	40,000		
05/01/43	1,365,000	5.000%	-	34,125	309,125	
11/01/43	1,365,000	5.000%	245,000	34,125		
05/01/44	1,120,000	5.000%	-	28,000	307,125	
11/01/44	1,120,000	5.000%	260,000	28,000		
05/01/45	860,000	5.000%	-	21,500	309,500	
11/01/45	860,000	5.000%	275,000	21,500		
05/01/46	585,000	5.000%	-	14,625	311,125	
11/01/46	585,000	5.000%	285,000	14,625		
05/01/47	300,000	5.000%	-	7,500	307,125	
11/01/47	300,000	5.000%	300,000	7,500	307,500	

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

Sabal Palm	
Community Development District	
Non-Ad Valorem Assessments Comparison	
FY2025-2026	

Neighborhood	O&M Units	Series 2014
Units	Series 2016
Units	Series 2017
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)	

Central Parc					
Admin	
Field	
Total	
Admin	
Field	
Total								
Single Family	253	253	0	0	$160.27	$1,441.45	$1,601.72	$171.20	$1,101.09	$1,272.29	$329.43	$961.86	$1,291.29	-$329.43	$2,563.58	$2,563.58	$0.00	

Manor Parc																		
Single Family 30'	100	0	0	100	$160.27	$1,369.89	$1,530.17	$171.20	$1,358.97	$1,530.17	$0.00	$1,355.42	$1,355.42	$0.00	$2,885.59	$2,885.59	$0.00	
Single Family 40'	139	0	0	139	$160.27	$1,369.89	$1,530.17	$171.20	$1,358.97	$1,530.17	$0.00	$1,457.44	$1,457.44	$0.00	$2,987.61	$2,987.61	$0.00	

Hidden Trails																		
Single Family	214	0	214	0	$160.27	$1,316.77	$1,477.05	$171.20	$1,227.88	$1,399.08	$77.97	$1,383.35	$1,383.35	$0.00	$2,860.40	$2,782.43	$77.97	
Total	706	253	214	239