Westview North	
Community Development District	

Adopted Budget	
FY 2026	

Table of Contents

1-2		General Fund

	Narratives

	Debt Service Fund Series 2022

	Series 2022 Amortization Schedule

	Assessment Schedule

Westview North	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - Tax Roll	$	193,919	$	174,166	$	19,753	$	193,919	$	193,919	
Interest Income	-	2,241	759	3,000	1,000	
Carry Forward Surplus	-	3,895	-	3,895	12,111	

TOTAL REVENUES	$	193,919	$	180,302	$	20,512	$	200,814	$	207,030	

EXPENDITURES:

Administrative						
Supervisor Fees	$	-	$	-	$	-	$	-	$	7,200	
FICA Taxes	-	-	-	-	551	
Engineering	5,000	3,130	1,870	5,000	5,000	
Attorney	15,000	10,935	4,065	15,000	15,000	
Annual Audit	5,100	5,100	-	5,100	5,200	
Assessment Administration	2,400	2,400	-	2,400	2,544	
Arbitrage Rebate	550	1,100	-	1,100	550	
Dissemination Agent	5,885	3,923	1,962	5,885	6,238	
Trustee Fees	5,900	4,041	-	4,041	4,445	
Management Fees	36,915	24,610	12,305	36,915	39,130	
Information Technology	1,070	713	356	1,070	1,134	
Website Maintenance	1,070	713	357	1,070	1,134	
Telephone	50	-	25	25	50	
Postage & Delivery	200	36	24	60	100	
Insurance General Liability	6,149	5,814	-	5,814	6,395	
Printing & Binding	500	22	78	100	100	
Legal Advertising	1,000	2,765	-	2,765	2,500	
Other Current Charges	700	1,286	499	1,785	2,500	
Office Supplies	110	1	24	25	75	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	87,774	$	66,764	$	21,565	$	88,329	$	100,021	

Westview North	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY 2026	

Operations & Maintenance

Field Expenditures

Field Management	$	12,000	$	8,000	$	4,000	$	12,000	$	12,720	
Landscape Maintenance	40,000	40,314	20,157	60,472	62,289	
Plant Replacement	6,000	-	4,000	4,000	3,000	
Lake & Canal Maintenance	16,000	5,600	2,800	8,400	9,000	
Preserve Maintenance	6,000	-	4,000	4,000	3,000	
Stormwater Drainage Maintenance	-	-	-	-	3,500	
Lift Station	6,000	-	4,000	4,000	4,000	
R&M - Entry Road	-	-	-	-	2,000	
Repairs & Maintenance	11,000	-	5,000	5,000	5,000	
Contingency	9,145	-	2,502	2,502	2,500	

TOTAL FIELD EXPENDITURES	$	106,145	$	53,914	$	46,459	$	100,374	$	107,009	

TOTAL EXPENDITURES	$	193,919	$	120,679	$	68,024	$	188,703	$	207,030	

EXCESS REVENUES (EXPENDITURES)	$	-	$	59,623	$	(47,512)	$	12,111	$	-	

Description	Assessable Units	Net Assessment	Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase / (Decrease)	

Single Family	102	$	24,480	$	25,768	$	252.63	$	252.63	$	-	
Townhomes	285	68,400	72,000	252.63	252.63	-	
Villas	421	101,039	106,357	252.63	252.63	-	

TOTAL	808	$	193,919	$	204,125	

Westview North	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

REVENUES	
Special Assessments-Tax Roll	
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.	
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 6 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 from the previous year engagement plus anticipated increase.	
Assessment Administration	
GMS SF, 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 have an annual arbitrage rebate calculation prepared for the Series 2015, Special Assessment Refunding Bonds. The District has contracted with LLS Tax Solutions to perform this calculation.	
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-South Florida, 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 – South Florida, 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-SF, LLC and updated monthly.	

Westview North	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

Expenditures - Administrative (continued)	
Communication - 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.	
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 Florida Department of Commerce for $175.	

Expenditures - Administrative			
Field Manager			
The supervision and on-site management of the District. The responsibilities include reviewing contracts and other maintenance related items.	
Vendor:	Monthly :	Yearly :	
Governmental Mgmt Services S-FL, LLC.	$1,060.00	$12,720.00	
Landscape Maintenance			
The District will enter into a contract for the monthly maintenance of common areas.	
Vendor / Services:	Monthly :	Yearly :	
Dixie Landscape, LLC.	$5,195.52	$62,289.00	
Plant Replacement			
The cost associated with any replacement of landscaping during the year.			
Lake & Canal Maintenance			
The District will enter into a contract for the monthly maintenance of the District lakes and canal.	
Vendor / Services:	Monthly :	Yearly :	
Southeast Land & Water Management	$700.00	$8,400.00	
Contingency			$600.00		
		$9,000.00	
Preserve Maintenance			
The District will enter into a contract for the monthly maintenance of the preserve areas.	
Stormwater Drainage Maintenance			
The District incurs repairs and maintenance which could include vacuum, clearing, desilting, dredging, and repair services with
respect to certain District drainage structures.	
Lift Station			
The District will enter into a contract for the monthly maintenance of the District lift station.	
R&M - Entry Road			
This expense will be allocated to the upkeep of the entry road of the District.	
Repairs & Maintenance			
Any miscellaneous repairs not included in another budget line item.			
Contingency			
Represents any un-budgeted expense.			

Westview North	
Community Development District	
Adopted Budget	
Debt Service Series 2022 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	957,260	$	890,307	$	100,973	$	991,280	$	991,280	
Interest Earnings	9,000	34,219	7,781	42,000	32,000	
Carry Forward Surplus (1)	432,653	444,691	-	444,691	477,149	

TOTAL REVENUES	$  1,398,913	$  1,369,218	$	108,753	$  1,477,971	$  1,500,429	

EXPENDITURES:

Interest - 12/15	
Interest - 6/15	
Principal - 6/15	

$	390,656	$	390,656	$	-	$	390,656	$	385,531	
390,656	-	390,656	390,656	385,531	
205,000	-	205,000	205,000	215,000	

TOTAL EXPENDITURES	$	986,313	$	390,656	$	595,656	$	986,313	$	986,063	

Other Sources/(Uses)

$	-	$	(14,510)	$	-	$	(14,510)	$	-	

Interfund transfer In/(Out)

TOTAL OTHER SOURCES/(USES)	$	-	$	(14,510)	$	-	$	(14,510)	$	-	

TOTAL EXPENDITURES	$	986,313	$	405,167	$	595,656	$  1,000,823	$	986,063	

EXCESS REVENUES (EXPENDITURES)	$	412,600	$	964,052	$	(486,903)	$	477,149	$	514,366	

Interest Due 12/15/26	 $	380,156 	
	 $	380,156 	

(1) Carry Forward is Net of Reserve Requirement

Bonds Units 2022	Assessable Units	Net Assessment	Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase / (Decrease)	

Single Family	102	$	143,820	$	151,389	$	1,484.21	$	1,484.21	$	-	
Townhomes	285	359,101	$	378,001	$	1,326.32	$	1,326.32	-	
Villas	421	488,359	$	514,062	$	1,221.05	$	1,221.05	-	

TOTAL	808	$	991,280	$  1,043,453	

Westview North	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2022 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/24	$	13,415,000	5.000%	$	-	$	390,656	$	390,656	
06/15/25	13,415,000	5.000%	205,000	390,656		
12/15/25	13,210,000	5.000%	-	385,531	981,188	
06/15/26	13,210,000	5.000%	215,000	385,531		
12/15/26	12,995,000	5.000%	-	380,156	980,688	
06/15/27	12,995,000	5.000%	225,000	380,156		
12/15/27	12,770,000	5.000%	-	374,531	979,688	
06/15/28	12,770,000	5.000%	235,000	374,531		
12/15/28	12,535,000	5.000%	-	368,656	978,188	
06/15/29	12,535,000	5.000%	250,000	368,656		
12/15/29	12,285,000	5.750%	-	362,406	981,063	
06/15/30	12,285,000	5.750%	260,000	362,406		
12/15/30	12,025,000	5.750%	-	354,931	977,338	
06/15/31	12,025,000	5.750%	275,000	354,931		
12/15/31	11,750,000	5.750%	-	347,025	976,956	
06/15/32	11,750,000	5.750%	295,000	347,025		
12/15/32	11,455,000	5.750%	-	338,544	980,569	
06/15/33	11,455,000	5.750%	310,000	338,544		
12/15/33	11,145,000	5.750%	-	329,631	978,175	
06/15/34	11,145,000	5.750%	330,000	329,631		
12/15/34	10,815,000	5.750%	-	320,144	979,775	
06/15/35	10,815,000	5.750%	350,000	320,144		
12/15/34	10,465,000	5.750%	-	310,081	980,225	
06/15/36	10,465,000	5.750%	370,000	310,081		
12/15/36	10,095,000	5.750%	-	299,444	979,525	
06/15/37	10,095,000	5.750%	390,000	299,444		
12/15/37	9,705,000	5.750%	-	288,231	977,675	
06/15/38	9,705,000	5.750%	415,000	288,231		
12/15/38	9,290,000	5.750%	-	276,300	979,531	
06/15/39	9,290,000	5.750%	440,000	276,300		
12/15/39	8,850,000	5.750%	-	263,650	979,950	
06/15/40	8,850,000	5.750%	465,000	263,650		
12/15/40	8,385,000	5.750%	-	250,281	978,931	
06/15/41	8,385,000	5.750%	495,000	250,281		
12/15/41	7,890,000	5.750%	-	236,050	981,331	
06/15/42	7,890,000	5.750%	520,000	236,050		
12/15/42	7,370,000	5.750%	-	221,100	977,150	
06/15/43	7,370,000	6.000%	555,000	221,100		
12/15/43	6,815,000	6.000%	-	204,450	980,550	
06/15/44	6,815,000	6.000%	590,000	204,450		
12/15/44	6,225,000	6.000%	-	186,750	981,200	
06/15/45	6,225,000	6.000%	625,000	186,750		
12/15/45	5,600,000	6.000%	-	168,000	979,750	
06/15/46	5,600,000	6.000%	665,000	168,000		
12/15/46	4,935,000	6.000%	-	148,050	981,050	
06/15/47	4,935,000	6.000%	705,000	148,050		
12/15/47	4,230,000	6.000%	-	126,900	979,950	
06/15/48	4,230,000	6.000%	745,000	126,900		
12/15/48	3,485,000	6.000%	-	104,550	976,450	
06/15/49	3,485,000	6.000%	795,000	104,550		
12/15/49	2,690,000	6.000%	-	80,700	980,250	
06/15/50	2,690,000	6.000%	845,000	80,700		
12/15/50	1,845,000	6.000%	-	55,350	981,050	
06/15/51	1,845,000	6.000%	895,000	55,350		
12/15/52	950,000	6.000%	-	28,500	978,850	
06/15/52	950,000	6.000%	950,000	28,500	978,500	
Total			$	13,415,000	$	14,401,200	$	27,816,200	

Westview North	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025 - 2026	

Description	O&M Units	Bonds Units
2022	
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)	

Single Family	
102	
102	
$252.63	
$252.63	
$0.00	
$1,484.21	
$1,484.21	
$0.00	
$1,736.84	
$1,736.84	
$0.00	
Townhomes	285	285	$252.63	$252.63	$0.00	$1,326.32	$1,326.32	$0.00	$1,578.95	$1,578.95	$0.00	
Villas	421	421	$252.63	$252.63	$0.00	$1,221.05	$1,221.05	$0.00	$1,473.68	$1,473.68	$0.00	
Total	808	808										

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