Coastal Ridge
Community Development District

Adopted Budget
FY 2027
July 7, 2026
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 2026 (1)	5/31/26	  4 Months		9/30/26	FY 2027	

REVENUES:						
Special Assessments/Developer Contributions	$  1,134,851	$	961,705	$	269,979	$  1,231,684	$  1,225,072	
Interest income	-	2,292	4,000	6,292	6,000	
Bulk Water Revenues	-	-	-	-	3,000	
Carry Forward Surplus	-	-	-	-	139,500	
TOTAL REVENUES	$ 1,134,851	$  963,998	$  273,979	$ 1,237,976	$ 1,373,572	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$	12,000	$	4,200	$	3,200	$	7,400	$	12,000	
FICA Expenses	918	321	245	566	918	
Engineering Fees	9,500	-	4,000	4,000	9,500	
Annual Audit	5,100	5,100	-	5,100	5,200	
Attorney	13,000	3,977	9,023	13,000	13,000	
Arbitrage Rebate	450	-	450	450	450	
Assessment Roll Administration	7,500	7,500	-	7,500	7,950	
Management Fees	45,000	30,000	15,000	45,000	47,700	
Information Technology	1,500	1,000	500	1,500	1,590	
Website Administration	1,500	1,000	500	1,500	1,590	
Website Creation/ADA Compliance	960	-	960	960	960	
Dissemination Agent	3,000	2,000	1,000	3,000	3,180	
Trustee Fees	4,500	938	3,563	4,500	7,206	
Telephone	500	34	216	250	500	
Postage	1,500	816	684	1,500	1,500	
Insurance	7,460	5,000	-	5,000	5,500	
Printing & Binding	2,500	1,551	949	2,500	2,500	
Legal Advertising	5,000	925	4,076	5,000	5,000	
Other Current Charges	500	107	200	307	500	
Office Supplies	600	2	48	50	600	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$  123,163	$	64,646	$	44,613	$  109,258	$  127,519	

Operations & Maintenance						
Grounds Maintenance						
Landscape Maintenance	$	477,228	$81,149	$127,893	$209,042	$	455,315	
Landscape Contingency	15,000	-	7,500	7,500	15,000	
Lake Maintenance	6,000	2,000	4,350	6,350	12,000	
Pump Maintenance	4,500	-	2,250	2,250	4,500	
Water & Sewer	42,500	-	21,250	21,250	42,500	
JEA Reuse Station - Bulk Pond Refill	14,500	-	7,250	7,250	9,000	
Irrigation Repairs	12,500	-	6,250	6,250	12,500	
Pest Control	2,400	-	1,200	1,200	2,400	
Environmental Permit/Monitoring	20,000	-	10,000	10,000	20,000	
Other Repairs and Maintenance	5,000	-	2,500	2,500	5,000	
Monument Sign Pressure Washing	2,500	-	1,250	1,250	2,500	
Street Sign Maintenance & Replacement	6,800	-	3,400	3,400	6,800	
Street Lighting - (placeholder)	-	-	-	-	25,000	
Electic Meters for Sign Lighting	-	-	-	-	3,600	
Total Grounds Maintenance	$  608,928	$	83,149	$  195,093	$  278,242	$  616,115	

Amenity Expneditures						
Insurance	$	67,815	$	-	$	33,908	$	33,908	$	67,815	
Amenity Manager	70,000	30,000	27,944	57,944	137,480	
Pool Maintenance	11,189	-	11,179	11,179	25,953	
Pool Chemicals	18,863	-	12,300	12,300	32,450	
Facility Attendant	50,000	-	9,975	9,975	98,500	
Janitorial Services	14,673	-	6,890	6,890	18,534	
Janitorial Supplies	-	-	1,000	1,000	4,000	
Amenities Landscape Maintenance	-	-	26,020	26,020	78,060	
Refuse	3,300	-	3,300	3,300	3,300	
Security and Gate Maintenance	20,000	-	5,000	5,000	5,000	

	Adopted Budget	Actuals Thru	Projected Next Projected Thru	Adopted Budget		
Description	FY 2026 (1)	5/31/26	  4 Months		9/30/26	FY 2027	

Security Patrol	
10,000	
-	
5,000	
5,000	
5,000	
Facility Maintenance	5,000	-	5,000	5,000	22,242	
Electric	28,050	3,745	7,300	11,045	28,050	
Potable Water/Sewer for Meters 1 & 2	-	-	-	-	7,200	
IQ Fiber Internet	11,220	-	1,000	1,000	3,000	
Vizpin Access System	-	-	-	-	18,000	
Music Libray and License	-	-	-	-	204	
Licenses and Permits	1,100	-	1,100	1,100	1,100	
Repairs & Maintenance	15,000	-	3,000	3,000	10,000	
Special Events	38,500	-	38,500	38,500	38,500	
Holiday Decorations	1,650	-	1,650	1,650	1,650	
Reserve for Amenities	25,000	3,600	-	3,600	5,000	
Mobile Application (PeopleVine)	9,900	8,700	5,800	14,500	17,400	
Other Current Charges	1,500	-	750	750	1,500	
Total Amenity Expneditures	$  402,760	$	46,045	$  206,616	$  252,660	$  629,938	

Capital Reserve						
Capital Reserve Funding	$	-	$	-	$	-	$	-	$	-	
Total Capital Reserve	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$ 1,134,851	$  193,840	$  446,321	$  640,161	$ 1,373,572	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$  770,158	$  (172,342)	$  597,815	$	-	
(1) All expenses prorated amount represents 7 months of fiscal year.						
	Gross Assessments	$  1,324,402				
	Less: Discounts & Collections 7.5%		99,330 				
	Net Assessments	 $ 1,225,072 				

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.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.
Bulk Water Revenues
The District may enter into agreement to provide bulk water for irrigation of certain HOA owned common areas.

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 has contract with an American Municpal Tax Exempt Compliance Corp (AMTEC) 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). US Bank will hold assessments received from tax collector and developers for interest earnings and wire debt service payments to BNY.
Vendor	Contract	Annual	
BNY	Series 2025	$4,400	
BNY	Construction Fee	$2,000	
US Bank	Custody(Asmnt) and expenses	$806	
		$7,206	
Telephone
Phone, 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.
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.

Landscape Maintenance
The District is contracted with a Sun State Nursery & Landscaping Inc for Phase 1, 2 and Rustic Ridge Drive common areas of the District including pond bank mowings.

Vendor	Contract	Monthly	Annual	
Sun State Nursery & Landscaping Inc	Landscape service Phase 1	$14,917	$179,008	
Sun State Nursery & Landscaping Inc	Rustic Ridge	$2,251	$27,007	
	Contingency	$2,251	$249,300	
		$19,418	$455,315	
Landscape Contingency
Estimated costs for other landscape maintenance incurred by the District.
Lake Maintenance
Maintenance costs to maintain lakes and control vegetation and algae.
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.
Electric Meters for Sign Lighting
Estimated cost for electric meters for sign lighting.

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. General Manager 20 or more hours and Assistant Manager 20 or more hours.
Vendor	Monthly	Annual	
Vesta Property Services	$11,457	$137,480	
Pool Maintenance
The District will contract to maintain the Amenity swimming pool and splash pad.
Vendor	Monthly	Annual	
Vesta Property Services	$2,163	$25,953	
Pool Chemicals
The District will contract for the purchase and delivery of pool chemicals to maintain the Amenity Center swimming pool and splash pad.
Vendor	Monthly	Annual	
Vesta Property Services	$2,704	$32,450	
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.
Vendor	Monthly	Annual	
Vesta Property Services	$8,208	$98,500	
Janitorial Services
The District will contract to provide janitorial services for cleaning 3 times per week
Vendor	Monthly	Annual	
Vesta Property Services	$1,545	$18,534	
Janitorial Supplies
Estimated cost for cleaning suplies and paper products for the amenity center.

Amenities Landscape Maintenance
The District has contracted with Sun State Nursery and Landscaping t maintain landscaping of amenities grounds.

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.
Vendor	Monthly	Annual	
Vesta Property Services	$1,854	$22,242	
Electric
Estimated cost to provide for electric services for the District associated with the Recreation Facilities and common areas provided by JEA.
Account #	Location	Monthly	Annual	
26518179	12132 Ever Range PY	$30	$360	
26108283	12132 Ever Range Py Apt IR01	$1,300	$15,600	
26450472	12858 Ever Range PY-Clubhouse 1	$500	$6,000	
	Contingency	$508	$6,090	
	Total	$2,338	$28,050	
Potable Water/Sewer for Meters 1 & 2
Estimated cost for amenity water and sewer meters.
IQ Fiber Internet
Estimated cost for fiber internet.
Vizpin Access System
Estimated cost for Access System for amenity center.
Music Libray and License
The District will contract with Pandora for providing audito and music licensing at amenity facility.

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.

Capital Reserve Funding
Establishment of general reserve to fund future replacements of Capital items.
Adopted Budget
Debt Service Series 2025 Special Assessment Bonds

REVENUES:

Special Assessments-On Roll
Special Assessments-Direct	$	-
2,159,277	$	-
1,396,254	$	-
763,121	$	-
2,159,375	$	-
2,159,277						
Interest Earnings	-	61,536	28,600	90,136	50,000						
Carry Forward Surplus (1)	707,338	732,509	-	732,509	986,607						
TOTAL REVENUES	$ 2,866,615	$ 2,190,299	$	791,721	$  2,982,021	$ 3,195,884						

EXPENDITURES:											
Series 2025											
Interest - 11/01	$	707,338	$	707,338	$	-	$	707,338	$	869,055						
Interest - 05/01	878,075	878,075	-	878,075	869,055						
Principal - 05/01	410,000	410,000	-	410,000	430,000						
TOTAL EXPENDITURES	$ 1,995,413	$ 1,995,413	$	-	$  1,995,413	$ 2,168,110						

Other Sources/(Uses)											

Interfund transfer In/(Out)	
$	
-	
$	
-	
$	
-	
$	
-	
$	
-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-  $	-							
											
EXCESS REVENUES (EXPENDITURES)	$	871,202	$	194,886	$	791,721	$	986,607  $ 1,027,774							

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/27
$859,595

$859,595

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

Townhome	90	$ 141,120.00	$	1,449.98	$	1,568.00	$	118.02	
40' Lot	107	$ 214,000.00	$	1,849.98	$	2,000.00	$	150.02	
50' Lot	385	$ 811,580.00	$	1,949.98	$	2,108.00	$	158.02	
60' Lot	418	$ 926,288.00	$	2,049.98	$	2,216.00	$	166.02	
70' Lot	72	$ 169,272.00	$	2,174.97	$	2,351.00	$	176.03	
80' Lot	29	$	72,094.00	$	2,299.97	$	2,486.00	$	186.03	
Total	1101	$ 2,334,354				
AMORTIZATION SCHEDULE
Debt Service Series 2025 Special Assessment Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
11/01/26	29,955,000	4.400%	-	869,055	869,055	
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			$  29,955,000	$  33,458,450	$  63,413,450	
COASTAL RIDGE O&M CALCULATION

TOTAL PLANNED UNIT O&M BASED ON ERUS - SCENERIO 1 ALL LOTS GET FULL O&M
PRODUCT TYPE	
# UNITS	
ERU	
TOTAL ERUs	
TOTAL O&M	O&M / UNIT NET	O&M / UNIT GROSS	INCREASE (DEC) FROM PY	
TH	90	0.8	72.00	81,445.25	904.95	978.32	(71.68)	
40'	107	1	107.00	121,036.69	1,131.18	1,222.90	72.90	
50'	385	1	385.00	435,505.83	1,131.18	1,222.90	22.90	
60'	418	1	418.00	472,834.90	1,131.18	1,222.90	(27.10)	
70'	72	1	72.00	81,445.25	1,131.18	1,222.90	(52.10)	
80'		29		1 	29.00	32,804.34 	1,131.18	1,222.90	(77.10)			
TOTAL	1,101	1,083.00	1,225,072.25						

FY27