Coquina Shores
Community Development District

Approved Budget
FY 2027
May 21, 2026

Table of Contents

1		General Fund

2-3		Narratives

4-5		Debt Service Fund Series 2025

6		Assessment Schedule

Approved Budget General Fund

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
	Description	FY2026	3/31/26		6 Months		9/30/26	FY 2027	

REVENUES:							

Special Assessments	
$182,962	
$182,962		
$-	
$182,962	
$233,360	
Developer Contribution	-	9,006		-	9,006	-	
TOTAL REVENUES	$182,962	$191,968	$-		$191,968	$233,360	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$12,000	$600	$1,200	$1,800	$12,000	
FICA Taxes	918	46	92	138	918	
Engineer	12,000	11,910	6,000	17,910	18,000	
Attorney	25,000	2,684	22,316	25,000	25,000	
Annual Audit	3,300	4,800	-	4,800	4,800	
Assessment Administration	7,500	-	-	-	7,950	
Arbitrage Rebate	600	-	-	-	-	
Dissemination Agent	7,500	3,125	3,750	6,875	7,950	
Trustee Fees	4,600	-	-	-	4,600	
Management Fees	47,250	23,625	23,625	47,250	50,085	
Information Technology	2,003	1,002	1,002	2,003	2,124	
Website Maintenance	1,336	668	668	1,336	1,416	
Telephone	500	52	148	200	500	
Postage & Delivery	1,500	40	60	100	1,000	
General Liability and Public Officials Insurance	5,500	5,512	-	5,512	6,063	
Printing & Binding	1,200	248	252	500	1,200	
Legal Advertising	5,000	251	4,749	5,000	5,000	
Other Current Charges	4,080	1,579	1,200	2,779	4,080	
Office Supplies	1,000	1	20	21	500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$142,962	$56,317	$65,082	$121,398	$153,360	

Operation and Maintenance						
Operation and Maintenance	40,000	-	20,000	20,000	80,000	
TOTAL OPERATION AND MAINTENANCE	$40,000	$-	$20,000	$20,000	$80,000	
						
TOTAL EXPENDITURES	$182,962	$56,317	$85,082	$141,398	$233,360	

Other Sources/(Uses)						
Transfer In/(Out)	-	-	-	-	-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
EXCESS REVENUES (EXPENDITURES)	$-	$135,651	$(85,082)	$50,569	$-	

REVENUES

Special Assessments
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 or direct bill developers to cover operating expenses.
Developer Contribution
It is presently anticipated that the District will enter into a Funding Agreement with the Developer to fund all General Fund Expenditures for the Fiscal Year.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 12 meetings.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
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.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Assessment Revenue Bonds. The District will contract with an Independent Certified Accounting Firm. to calculate the rebate liability and submit a report to the District.

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, 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, 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, LLC and updated monthly.
Telephone
Phone, internet, and Wi-Fi service for Office.

Expenditures - Administrative (continued)

Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
General Liability and Public Officials Insurance
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 estimated premiums.
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.
Current Other Charges
This includes monthly bank charges, meeting site fees, 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.

Expenditures – Operations

Operations and Maintenance
Estimated cost related to operations and miantenance of any improvements which may come on line during FY27.

Approved Budget
Debt Service Series 2025 Special Assessment Bonds

Description

Adopted Budget FY2026

Actuals Thru	Projected Next  Projected Thru

3/31/26

	6 Months	

9/30/26

Approved Budget FY 2027

REVENUES:

Special Assessments-Tax Roll	$186,120	$-	$-	$-	$-	
Special Assessments-Direct Bill	270,666	270,666	-	270,666	$270,666	
Interest Earnings	-	2,406	3,000	5,406	2,000	
Carry Forward Surplus (1)	-	18,177	-	18,177	117,473	
TOTAL REVENUES	$456,786	$291,248	$3,000	$294,248	$390,139	

EXPENDITURES:						
Series 2020A1						
Interest 11/1	$18,177	$18,177	$-	$18,177	$104,373	
Interest 5/1	105,541	-	105,541	105,541	104,373	
Principal 5/1	55,000	-	55,000	55,000	60,000	
TOTAL EXPENDITURES	$178,718	$18,177	$160,541	$178,718	$268,745	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$-	
$(1,943)	
$-	
$(1,943)	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$(1,943)	$-	$(1,943)	$-	
						
TOTAL EXPENDITURES	$178,718	$16,234	$160,541	$176,775	$268,745	
						
EXCESS REVENUES (EXPENDITURES)	$278,068	$275,014	$(157,541)	$117,473	$121,394	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$103,097.50

AMORTIZATION SCHEDULE
Debt Service Series 2025 Special Assessment Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	3,810,000	4.250%	-	104,372.50	104,372.50	
05/01/27	3,810,000	4.250%	60,000	104,372.50		
11/01/27	3,750,000	4.250%	-	103,097.50	267,470.00	
05/01/28	3,750,000	4.250%	60,000	103,097.50		
11/01/28	3,690,000	4.250%	-	101,822.50	264,920.00	
05/01/29	3,690,000	4.250%	60,000	101,822.50		
11/01/29	3,630,000	4.250%	-	100,547.50	262,370.00	
05/01/30	3,630,000	4.250%	70,000	100,547.50		
11/01/30	3,560,000	4.250%	-	99,060.00	269,607.50	
05/01/31	3,560,000	4.250%	70,000	99,060.00		
11/01/31	3,490,000	4.250%	-	97,572.50	266,632.50	
05/01/32	3,490,000	4.250%	70,000	97,572.50		
11/01/32	3,420,000	4.250%	-	96,085.00	263,657.50	
05/01/33	3,420,000	5.500%	75,000	96,085.00		
11/01/33	3,345,000	5.500%	-	94,022.50	265,107.50	
05/01/34	3,345,000	5.500%	80,000	94,022.50		
11/01/34	3,265,000	5.500%	-	91,822.50	265,845.00	
05/01/35	3,265,000	5.500%	85,000	91,822.50		
11/01/35	3,180,000	5.500%	-	89,485.00	266,307.50	
05/01/36	3,180,000	5.500%	90,000	89,485.00		
11/01/36	3,090,000	5.500%	-	87,010.00	266,495.00	
05/01/37	3,090,000	5.500%	90,000	87,010.00		
11/01/37	3,000,000	5.500%	-	84,535.00	261,545.00	
05/01/38	3,000,000	5.500%	100,000	84,535.00		
11/01/38	2,900,000	5.500%	-	81,785.00	266,320.00	
05/01/39	2,900,000	5.500%	105,000	81,785.00		
11/01/39	2,795,000	5.500%	-	78,897.50	265,682.50	
05/01/40	2,795,000	5.500%	115,000	78,897.50		
11/01/40	2,680,000	5.500%	-	75,735.00	269,632.50	
05/01/41	2,680,000	5.500%	115,000	75,735.00		
11/01/41	2,565,000	5.500%	-	72,572.50	263,307.50	
05/01/42	2,565,000	5.500%	120,000	72,572.50		
11/01/42	2,445,000	5.500%	-	69,272.50	261,845.00	
05/01/43	2,445,000	5.500%	130,000	69,272.50		
11/01/43	2,315,000	5.500%	-	65,697.50	264,970.00	
05/01/44	2,315,000	5.500%	135,000	65,697.50		
11/01/44	2,180,000	5.500%	-	61,985.00	262,682.50	
05/01/45	2,180,000	5.500%	145,000	61,985.00		
11/01/45	2,035,000	5.500%	-	57,997.50	264,982.50	
05/01/46	2,035,000	5.700%	155,000	57,997.50		
11/01/46	1,880,000	5.700%	-	53,580.00	266,577.50	
05/01/47	1,880,000	5.700%	165,000	53,580.00		
11/01/47	1,715,000	5.700%	-	48,877.50	267,457.50	
05/01/48	1,715,000	5.700%	175,000	48,877.50		
11/01/48	1,540,000	5.700%	-	43,890.00	267,767.50	
05/01/49	1,540,000	5.700%	185,000	43,890.00		
11/01/49	1,355,000	5.700%	-	38,617.50	267,507.50	
05/01/50	1,355,000	5.700%	195,000	38,617.50		
11/01/50	1,160,000	5.700%	-	33,060.00	266,677.50	
05/01/51	1,160,000	5.700%	205,000	33,060.00		
11/01/51	955,000	5.700%	-	27,217.50	265,277.50	
05/01/52	955,000	5.700%	220,000	27,217.50		
11/01/52	735,000	5.700%	-	20,947.50	268,165.00	
05/01/53	735,000	5.700%	230,000	20,947.50		
11/01/53	505,000	5.700%	-	14,392.50	265,340.00	
05/01/54	505,000	5.700%	245,000	14,392.50		
11/01/54	260,000	5.700%	-	7,410.00	266,802.50	
05/01/55	260,000	5.700%	260,000	7,410.00		
					267,410.00	
Total				$3,810,000	$4,002,735	$7,812,735.00	

Coquina Shores
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	O&M Units	Bonds 2025
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)	
	
427	
121	
$381.93	
$361.86	
$20.07	
$0.00	
$0.00	
$0.00	
$381.93	
$361.86	
$20.07	
	223	251	$381.93	$361.86	$20.07	$0.00	$0.00	$0.00	$381.93	$361.86	$20.07	
	0	55	$381.93	$361.86	$20.07	$0.00	$0.00	$0.00	$381.93	$361.86	$20.07	
	0	223	$381.93	$361.86	$20.07	$0.00	$0.00	$0.00	$381.93	$361.86	$20.07	
Total	650	650