Westview North	
Community Development District	

Approved Proposed Budget	
FY 2027	

Table of Contents

1-2		General Fund

	Narratives

	Debt Service Fund Series 2022

	Series 2022 Amortization Schedule

	Assessment Schedule 

Westview North	
Community Development District	
Approved Proposed Budget	
General Fund	

Administrative	
Supervisor Fees	
FICA Taxes	
Engineering	
Attorney	
Annual Audit	
Assessment Administration	
Arbitrage Rebate	
Dissemination Agent	
Trustee Fees	
Management Fees	
Information Technology	
Website Maintenance	
Telephone	
Postage & Delivery	
Insurance General Liability	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions	
*1st Quarter Operating Capital	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - Tax Roll	
Interest Income	
Misc. Income	
Carry Forward Surplus	

$	193,919	$	183,808	$	10,110	$	193,919	$	323,152	
1,000	496	331	827	1,000	
-	2,851	-	2,851	-	
12,111	-	-	-	-	

TOTAL REVENUES	$	207,030	$	187,156	$	10,441	$	197,597	$	324,152	

EXPENDITURES:	

$	7,200	

$	2,600	

$	4,000	

$	6,600	

$	12,000	
	551	199	306	505	918	
	5,000	-	5,000	5,000	8,000	
	15,000	16,575	16,886	33,461	45,000	
	5,200	-	5,200	5,200	5,300	
	2,544	2,544	-	2,544	2,697	
	550	550	-	550	550	
	6,238	2,079	4,159	6,238	6,612	
	4,445	4,445	-	4,445	4,445	
	39,130	13,043	26,087	39,130	41,478	
	1,134	378	756	1,134	1,202	
	1,134	378	756	1,134	1,202	
	50	-	50	50	50	
	100	45	55	100	100	
	6,395	6,163	-	6,163	6,779	
	100	57	43	100	100	
	2,500	-	2,500	2,500	2,500	
	2,500	925	1,075	2,000	2,550	
	75	-	75	75	75	
	175	175	-	175	175	
	-	-	-	-	75,000	
TOTAL ADMINISTRATIVE	$	100,021	$	50,156	$	66,947	$	117,103	$	216,732	

Westview North	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

Operations & Maintenance

Field Expenditures

Field Management	$	12,720	$	4,240	$	8,480	$	12,720	$	13,483	
Landscape Maintenance	62,289	20,157	40,314	60,472	62,286	
Plant Replacement	3,000	920	1,500	2,420	3,000	
Lake & Canal Maintenance	9,000	2,800	5,600	8,400	8,651	
Preserve Maintenance	3,000	-	-	-	3,000	
Stormwater Drainage Maintenance	3,500	-	-	-	3,500	
Lift Station	4,000	-	-	-	4,000	
R&M - Entry Road	2,000	-	-	-	2,000	
Repairs & Maintenance	5,000	482	4,518	5,000	5,000	
Contingency	2,500	-	-	-	2,500	

TOTAL FIELD EXPENDITURES	$	107,009	$	28,599	$	60,412	$	89,012	$	107,420	

TOTAL EXPENDITURES	$	207,030	$	78,755	$	127,360	$	206,115	$	324,152	

EXCESS REVENUES (EXPENDITURES)	$	-	$	108,401	$	(116,918)	$	(8,518)	$	-	

Description	Assessable	Net	Gross	FY2026	FY 2027	Increase /	
	**Units	Assessment	Assessment	Gross Per Unit	Gross Per Unit	(Decrease)	

Single Family	102	$	40,794	$	42,941	$	252.63	$	420.99	$	168.36	
Townhomes	285	113,983	119,982	252.63	420.99	168.36	
Villas	421	168,375	177,237	252.63	420.99	168.36	

TOTAL	808	$	323,152	$	340,160	

Note:	
* 1st Quarter Operating Capital - to cover first three months of operating & maintenance expenditures.	
**O&M annual assessments - 808 units within the Districts comprising of the North & South Parcels.	

Westview North	
Community Development District	
Budget Narrative	
Fiscal Year 2027	

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 2027	

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.	
1st Quarter Operating Capital			
This fund is allocated to cover for the first three months of operating & maintenance expenditures that the District shall incur.	
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.	$1,123.60	$13,483.00	
Landscape Maintenance			
The District will enter into a contract for the monthly maintenance of common areas.	
Vendor / Services:	Monthly :	Yearly :	
Dixie Landscape, LLC.	$5,190.48	$62,286.00	
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	$721.00	$8,652.00	
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	
Approved Proposed Budget	
Debt Service Series 2022 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Proposed Budget	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	991,280	$	939,598	$	51,682	$	991,280	$	991,280	
Interest Earnings	32,000	13,331	8,888	22,219	20,000	
Carry Forward Surplus (1)	477,149	444,691	-	444,691	465,810	

TOTAL REVENUES	$  1,500,429	$  1,397,620	$	60,570	$  1,458,190	$	1,477,090	

EXPENDITURES:

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

$	385,531	$	385,531	$	-	$	385,531	$	380,156	
385,531	-	385,531	385,531	380,156	
215,000	-	215,000	215,000	225,000	

TOTAL EXPENDITURES	$	986,063	$	385,531	$	600,531	$	986,063	$	985,313	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(6,318)	$	-	$	(6,318)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(6,318)	$	-	$	(6,318)	$	-	

TOTAL EXPENDITURES	$	986,063	$	391,849	$	600,531	$	992,380	$	985,313	

EXCESS REVENUES (EXPENDITURES)	$	514,366	$  1,005,772	$	(539,961)	$	465,810	$	491,778	

Interest Due 12/15/27	 $	374,531 	
	 $	374,531 	

(1) Carry Forward is Net of Reserve Requirement

#REF!	Assessable	Net	Gross	FY2026	FY 2027	Increase /	
	Units	Assessment	Assessment	Gross Per Unit	Gross Per Unit	(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	
2026 - 2027	

Description	O&M Units	Bonds Units
2022	
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)	

Single Family	
102	
102	
$420.99	
$252.63	
$168.36	
$1,484.21	
$1,484.21	
$0.00	
$1,905.20	
$1,736.84	
$168.36	
Townhomes	285	285	$420.99	$252.63	$168.36	$1,326.32	$1,326.32	$0.00	$1,747.31	$1,578.95	$168.36	
Villas	421	421	$420.99	$252.63	$168.36	$1,221.05	$1,221.05	$0.00	$1,642.04	$1,473.68	$168.36	
Total	808	808										

Page 7