6MS

Coastal Ridge
Community Development District

Adopted Budget
FY2026

September 23, 2025

Table of Contents

1

2-5

6

7

	General Fund

	Narratives

	Debt Service Fund Series 2025

	Series 2025 Amortization Schedule

8		Assessment Schedule

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY 2025 (1)	8/31/25	  1 Months		9/30/25	FY 2026	

REVENUES:							

Special Assessments	
$	-	
$	-	
$	-	
$	-	
$  1,231,684	
Developer Contributions	75,511	73,254	11,489	84,743	-	
Interest income	-	-	-	-	-	
Carry Forward Surplus	-	-	-	-	-	
TOTAL REVENUES	$	75,511	$	73,254	$	11,489	$	84,743	$ 1,231,684	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$	7,000	$	4,000	$	800	$	4,800	$	12,000	
FICA Expenses	536	306	61	367	918	
Engineering Fees	7,000	-	-	-	9,500	
Annual Audit	3,200	-	-	-	5,100	
Attorney	14,583	-	-	-	13,000	
Arbitrage Rebate	-	-	-	-	450	
Assessment Roll Administration	-	-	-	-	7,500	
Management Fees	26,250	22,500	3,750	26,250	45,000	
Information Technology	875	900	150	1,050	1,500	
Website Administration	700	600	100	700	1,500	
Website Creation/ADA Compliance	1,750	1,750	-	1,750	960	
Dissemination Agent	-	500	500	1,000	3,000	
Trustee Fees	-	-	-	-	4,500	
Telephone	300	55	10	65	500	
Postage	875	476	399	875	1,500	
Insurance	3,000	2,973	-	2,973	7,460	
Builder's Risk Insurance	-	35,219	-	35,219	-	
Printing & Binding	700	1,226	120	1,346	2,500	
Legal Advertising	8,000	6,597	1,403	8,000	5,000	
Other Current Charges	300	156	65	221	500	
Office Supplies	292	1	1	2	600	
Dues, Licenses & Subscriptions	150	125	-	125	175	
TOTAL ADMINISTRATIVE	$	75,511	$	77,385	$	7,359	$	84,743	$  123,163	

Operations & Maintenance						
Grounds Maintenance						
Lake Maintenance	$	-	$	-	$	-	$	-	$	6,000	
Landscape Maintenance	-	-	-	-	477,228	
Landscape Contingency	-	-	-	-	15,000	
Pump Maintenance	-	-	-	-	4,500	
Water & Sewer	-	-	-	-	42,500	
JEA Reuse Station - Bulk Pond Refill	-	-	-	-	14,500	
Irrigation Repairs	-	-	-	-	12,500	
Pest Control	-	-	-	-	2,400	
Environmental Permit/Monitoring	-	-	-	-	20,000	
Other Repairs and Maintenance	-	-	-	-	5,000	
Monument Sign Pressure Washing	-	-	-	-	2,500	
Street Sign Maintenance & Replacement	-	-	-	-	6,800	
Total Grounds Maintenance	$	-	$	-	$	-	$	-	$  608,928	

Amenity Expneditures						
Insurance	$	-	$	-	$	-	$	-	$	67,815	
Amenity Manager	-	-	-	-	70,000	
Pool Maintenance	-	-	-	-	11,189	
Pool Chemicals	-	-	-	-	18,863	
Facility Attendant	-	-	-	-	50,000	
Janitorial Services	-	-	-	-	14,673	
Refuse	-	-	-	-	3,300	
Security and Gate Maintenance	-	-	-	-	20,000	
Security Patrol	-	-	-	-	10,000	
Facility Maintenance	-	-	-	-	5,000	
Electric	-	-	-	-	28,050	
Cable and Internet	-	-	-	-	11,220	
Licenses and Permits	-	-	-	-	1,100	
Repairs & Maintenance	-	-	-	-	15,000	
Special Events	-	-	-	-	38,500	

Description	Adopted Budget
FY 2025 (1)		Actuals Thr 8/31/25	u	Projected Next
  1 Months		Projected Th 9/30/25	ru	Adopted Budget
FY 2026	

Holiday Decorations		
-		
-	
-		
-	
1,650	
Reserve for Amenities		-		-	-		-	25,000	
Mobile Application		-		-	-		-	9,900	
Other Current Charges		-		-	-		-	1,500	
Total Amenity Expneditures	$	-	$	-	$	-	$	-	$	402,760	

Operational Reserve Funding														

Operational Reserve Funding	
$	-	
$	-	
$	-	
$	-	
$	96,833	
Total Operational Reserve Funding	$	-	$	-	$	-	$	-	$	96,833	

TOTAL EXPENDITURES

$	75,511  $	77,385  $

7,359  $	84,743  $ 1,231,684

EXCESS REVENUES (EXPENDITURES)

$

-  $

(4,131)  $

4,130  $

-  $

-

(1) All expenses prorated amount represents 7 months of fiscal year.

Gross Assessments	$  1,331,550
Less: Discounts & Collections 7.5%		99,866 
Net Assessments	 $ 1,231,684 

Product

Assessable Units

Total Gross Assessment

FY25
Gross Per Unit

FY26
Gross Per Unit

Increase/ (Decrease)

Townhome	90	$  94,500.00	$	-  $	1,050.00	$	1,050.00	
40' Lot	107	$ 123,050.00	$	-  $	1,150.00	$	1,150.00	
50' Lot	385	$ 462,000.00	$	-  $	1,200.00	$	1,200.00	
60' Lot	418	$ 522,500.00	$	-  $	1,250.00	$	1,250.00	
70' Lot	72	$  91,800.00	$	-  $	1,275.00	$	1,275.00	
80' Lot	29	$  37,700.00	$	-  $	1,300.00	$	1,300.00	
Total	1101	$ 1,331,550	

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 General Fund Expenditures for the Fiscal Year.

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.
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 the approved engagement letter.
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.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2025 Special 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.
Assessment Roll Administration
GMS NF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
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 NF, 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-NF, LLC and updated monthly.
Website Creation/ADA Compliance
Costs to create the initial District website and ensure the District meets ADA compliance guidelines.
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 The Bank of New York Mellon Trust Company (BNY). This represents the
Telephone
New internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Insurance General Liability
The District’s General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.

Expenditures - Administrative (continued)

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.
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.
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 Commerce for $175.

Expenditures – Operations & Maintenance

Lake Maintenance
Maintenance costs to maintain lakes and control vegetation and algae.
Landscape Maintenance
The District will contracted with a Landscaping company for estimated costs relating to the maintaince of the common areas of the District.
Landscape Contingency
Estimated costs for other landscape maintenance incurred by the District.
Pump Maintenance
Estimated costs related to maintain the irrigation pumps in the District.
Water & Sewer
Estimated costs for irrigation by the district for water, sewer and irrigation billed by utility company.
JEA Reuse Station - Bulk Pond Refill
Estimated costs for the reuse station to fill the bulk ponds when it rises below water level.
Irrigation Repairs
Estimated miscellaneous irrigation maintenance and repair costs.
Pest Control
The estimated cost to provide monthly pest control services.
Environmental Permit/Monitoring
An Environmental Resource Permit (ERP) is required for development or construction activities to reduce increased flooding, protect the water quality of Florida's lakes and streams from stormwater pollution, and protect wetlands and other surface waters.

Other Repairs & Maintenance
Estimated costs for other repairs and maintenance incurred by the district.
Monument Sign Pressure Washing
Estimated costs for pressure washing services to maintain monument sign.
Street Sign Maintenance & Replacement
Estimated costs for the maintenance and replacements for street signs througout the district.

Expenditures – Amenity

Insurance
The District's Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.
Amenity Manager
The District will contract to provide management services for the Amenity Center.
Pool Maintenance
The District will contracted to maintain the Amenity swimming pools.
Pool Chemicals
The District will contract for the purchase and delivery of pool chemicals to maintain the Amenity Center swimming pools.
Facility Attendant
The District will contract to provide community facility staff for the amenity center to greet patrons, providing facility tours, issuance of access cards and policy enforcement.
Janitorial Services
The District utilizes the services of Vesta Property Services to provide janitorial services.
Refuse
This estimated cost includes trash pickup from the receptacles at the Amenity Center.
Security and Gate Maintenance
Estimated maintenance costs of the security cameras and gate.
Security Patrol
Estimates costs for security patrols and mileage reimbursement on District property for off-duty patrols.
Facility Maintenance
The District will contract to provide maintenance and repairs necessary for upkeep of the Amenity Center and common grounds area.

Elevator Maintenance
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Center elevator.

Electric
Estimated cost to provide for electric services for the District associated with the Recreation Facilities.

Cable and Internet
The District wil contract for cable and internet services for Amenity Center.

Licenses and Permits
Represents license fees for the amenity center and permit fees paid to the Florida Department of Health in St. Johns County for the swimming pools.
Repairs & Maintenance
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.

Special Events
Represents estimated costs for the District to host special events for the community through the Fiscal Year.

Holiday Decorations
Represents estimated costs for the District to decorate the Amenity center for the holidays.

Reserve for Amenities
Establishment of general reserve to fund future replacement.

Mobile Application
Alternative mobile communication of information related to Amenity Facilities for residents and patrons included but not limited to hours of operations, resident programs, special events, and other services for the District.
Other Current Charges
Represents miscellaneous costs incurred by the District.

Expenditures – Reserves

Operational Reserve Funding
Establishment of general reserve to fund future replacements of Capital items.

Adopted Budget
Debt Service Series 2025 Special Assessment Bonds

Adopted Budget FY 2025

Actuals Thru  Projected Next  Projected Thru
8/31/25

Description

  1 Months	

9/30/25

Adopted Budget FY 2026

REVENUES:

Special Assessments-On Roll Special Assessments-Direct Interest Earnings
Carry Forward Surplus (1)	$	-  $	-  $	-  $	-  $	-
-	-	-	-	2,159,277
-	-	-	-	-
-	-	-	-	707,338	
TOTAL REVENUES	$	-  $	-  $	-  $	-  $ 2,866,615	

EXPENDITURES:		
Series 2025		
Interest - 11/01	$	-  $	-  $	-  $	-  $	707,338	
Interest - 05/01	-	-	-	-	878,075	
Principal - 05/01	-	-	-	-	410,000	
TOTAL EXPENDITURES	$	-  $	-  $	-  $	-  $ 1,995,413	

Other Sources/(Uses)		
Interfund transfer In/(Out)	$	-  $	-  $	-  $	-  $	-	
Bond Proceed	2,866,713	-	2,866,713	2,866,713	-	
TOTAL OTHER SOURCES/(USES)	$ 2,866,713	$	-	$ 2,866,713	$ 2,866,713	$	-	
						
EXCESS REVENUES (EXPENDITURES)	$ 2,866,713	$	-	$ 2,866,713	$ 2,866,713	$  871,202	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

$869,055

$869,055

Gross Assessments	$  2,334,354	
Less: Discounts & Collections 7.5%		175,077 	
Net Assessments	 $ 2,159,277 	

Product

Assessable Units

Total Gross Assessment

FY25
Gross Per Unit

FY26
Gross Per Unit

Increase/ (Decrease)

Townhome	90	$ 141,120.00	$	-  $	1,568.00	$	1,568.00	
40' Lot	107	$ 214,000.00	$	-  $	2,000.00	$	2,000.00	
50' Lot	385	$ 811,580.00	$	-  $	2,108.00	$	2,108.00	
60' Lot	418	$ 926,288.00	$	-  $	2,216.00	$	2,216.00	
70' Lot	72	$ 169,272.00	$	-  $	2,351.00	$	2,351.00	
80' Lot	29	$  72,094.00	$	-  $	2,486.00	$	2,486.00	
Total	1101	$ 2,334,354	

AMORTIZATION SCHEDULE
Debt Service Series 2025 Special Assessment Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
11/01/25	$	30,365,000	4.400% $	-  $	707,338	$	707,338	
05/01/26	30,365,000	4.400%	410,000	878,075		
11/01/26	29,955,000	4.400%	-	869,055	2,157,130	
05/01/27	29,955,000	4.400%	430,000	869,055		
11/01/27	29,525,000	4.400%	-	859,595	2,158,650	
05/01/28	29,525,000	4.400%	450,000	859,595		
11/01/28	29,075,000	4.400%	-	849,695	2,159,290	
05/01/29	29,075,000	4.400%	470,000	849,695		
11/01/29	28,605,000	4.400%	-	839,355	2,159,050	
05/01/30	28,605,000	4.400%	490,000	839,355		
11/01/30	28,115,000	4.400%	-	828,575	2,157,930	
05/01/31	28,115,000	5.750%	515,000	828,575		
11/01/31	27,600,000	5.750%	-	813,769	2,157,344	
05/01/32	27,600,000	5.750%	545,000	813,769		
11/01/32	27,055,000	5.750%	-	798,100	2,156,869	
05/01/33	27,055,000	5.750%	575,000	798,100		
11/01/33	26,480,000	5.750%	-	781,569	2,154,669	
05/01/34	26,480,000	5.750%	610,000	781,569		
11/01/34	25,870,000	5.750%	-	764,031	2,155,600	
05/01/35	25,870,000	5.750%	650,000	764,031		
11/01/35	25,220,000	5.750%	-	745,344	2,159,375	
05/01/36	25,220,000	5.750%	685,000	745,344		
11/01/36	24,535,000	5.750%	-	725,650	2,155,994	
05/01/37	24,535,000	5.750%	725,000	725,650		
11/01/37	23,810,000	5.750%	-	704,806	2,155,456	
05/01/38	23,810,000	5.750%	770,000	704,806		
11/01/38	23,040,000	5.750%	-	682,669	2,157,475	
05/01/39	23,040,000	5.750%	815,000	682,669		
11/01/39	22,225,000	5.750%	-	659,238	2,156,906	
05/01/40	22,225,000	5.750%	865,000	659,238		
11/01/40	21,360,000	5.750%	-	634,369	2,158,606	
05/01/41	21,360,000	5.750%	915,000	634,369		
11/01/41	20,445,000	5.750%	-	608,063	2,157,431	
05/01/42	20,445,000	5.750%	970,000	608,063		
11/01/42	19,475,000	5.750%	-	580,175	2,158,238	
05/01/43	19,475,000	5.750%	1,025,000	580,175		
11/01/43	18,450,000	5.750%	-	550,706	2,155,881	
05/01/44	18,450,000	5.750%	1,085,000	550,706		
11/01/44	17,365,000	5.750%	-	519,513	2,155,219	
05/01/45	17,365,000	5.750%	1,150,000	519,513		
11/01/45	16,215,000	5.750%	-	486,450	2,155,963	
05/01/46	16,215,000	6.000%	1,220,000	486,450		
11/01/46	14,995,000	6.000%	-	449,850	2,156,300	
05/01/47	14,995,000	6.000%	1,295,000	449,850		
11/01/47	13,700,000	6.000%	-	411,000	2,155,850	
05/01/48	13,700,000	6.000%	1,375,000	411,000		
11/01/48	12,325,000	6.000%	-	369,750	2,155,750	
05/01/49	12,325,000	6.000%	1,460,000	369,750		
11/01/49	10,865,000	6.000%	-	325,950	2,155,700	
05/01/50	10,865,000	6.000%	1,550,000	325,950		
11/01/50	9,315,000	6.000%	-	279,450	2,155,400	
05/01/51	9,315,000	6.000%	1,645,000	279,450		
11/01/51	7,670,000	6.000%	-	230,100	2,154,550	
05/01/52	7,670,000	6.000%	1,750,000	230,100		
11/01/52	5,920,000	6.000%	-	177,600	2,157,700	
05/01/53	5,920,000	6.000%	1,855,000	177,600		
11/01/53	4,065,000	6.000%	-	121,950	2,154,550	
05/01/54	4,065,000	6.000%	1,970,000	121,950		
11/01/54	2,095,000	6.000%	-	62,850	2,154,800	
05/01/55	2,095,000	6.000%	2,095,000	62,850	2,157,850	
Total		$	30,365,000  $	35,043,863	$  65,408,863	

Coastal Ridge
Community Development District
Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	O&M Units	Bonds 2025
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2026	
FY 2025 (1)	Increase/ (decrease)	
FY 2026	
FY 2025 (1)	Increase/ (decrease)	
FY 2026	
FY 2025 (1)	Increase/ (decrease)	

Townhome	
90	
90	
$1,050.00	
$0.00	
$1,050.00	
$1,568.00	
$0.00	
$1,568.00	
$2,618.00	
$0.00	
$2,618.00	
40' Lot	107	107	$1,150.00	$0.00	$1,150.00	$2,000.00	$0.00	$2,000.00	$3,150.00	$0.00	$3,150.00	
50' Lot	385	385	$1,200.00	$0.00	$1,200.00	$2,108.00	$0.00	$2,108.00	$3,308.00	$0.00	$3,308.00	
60' Lot	418	418	$1,250.00	$0.00	$1,250.00	$2,216.00	$0.00	$2,216.00	$3,466.00	$0.00	$3,466.00	
70' Lot	72	72	$1,275.00	$0.00	$1,275.00	$2,351.00	$0.00	$2,351.00	$3,626.00	$0.00	$3,626.00	
80' Lot	29	29	$1,300.00	$0.00	$1,300.00	$2,486.00	$0.00	$2,486.00	$3,786.00	$0.00	$3,786.00	
Total	1101	1101