Shotgun Road	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1

2-3

4-6

7

	General Fund

	Narratives

	Debt Service Fund Series 2026

	Assessment Table

Shotgun Road	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	6/30/26	3 Months	9/30/26	FY2027	

Special Assessments - On Roll	$	-	$	-	$	-	$	-	$	419,429	
Developer Contributions/Maintenance Assessments	419,429	39,143	32,854	71,997	-	
TOTAL REVENUES	$	419,429	$	39,143	$	32,854	$	71,997	$	419,429	

EXPENDITURES:

Administrative						
Engineering	$	10,000	$	1,080	$	5,000	$	6,080	$	10,000	
Attorney	12,000	15,857	7,929	23,786	12,000	
Annual Audit	5,000	-	-	-	5,000	
Assessment Administration (1)	2,500	-	-	-	2,500	
Arbitrage Rebate Agent (1)	550	-	-	-	550	
Dissemination Agent (1)	2,500	-	-	-	2,500	
Trustee Fees (1)	5,000	-	-	-	5,000	
Management Fees	36,000	18,000	9,000	27,000	36,000	
Website Maintenance	3,000	1,500	750	2,250	3,000	
Telephone	200	-	50	50	200	
Postage & Delivery	750	39	200	239	750	
Insurance General Liability	6,500	-	4,500	4,500	6,500	
Printing & Binding	1,000	23	200	223	1,000	
Legal Advertising	5,000	5,020	2,000	7,020	5,000	
Other Current Charges	750	75	500	575	750	
Dues, Licenses & Subscriptions	175	275	-	275	175	
Contingency	1,000	-	-	-	1,000	
TOTAL ADMIN	$	91,925	$	41,868	$	30,129	$	71,997	$	91,925	

Field						
Landscape Maintenance	$	270,500	$	-	$	-	$	-	$	270,500	
Lake Maintenance	14,004	-	-	-	14,004	
Road - Drainage/Curbs	8,000	-	-	-	8,000	
Tot Lot	3,000	-	-	-	3,000	
Electric	16,500	-	-	-	16,500	
Refuse	500	-	-	-	500	
General Maintenance	11,500	-	-	-	11,500	
Wall Repair & Maintenance	3,000	-	-	-	3,000	
Signage	500	-	-	-	500	
TOTAL FIELD	$	327,504	$	-	$	-	$	-	$	327,504	

TOTAL EXPENDITURES	$	419,429	$	41,868	$	30,129	$	71,997	$	419,429	

TOTAL EXCESS REVENUES/(EXPENDITURES)	$	-	$	(2,725)	$	2,725	$	-	$	-	
(1) Represents costs associated with the issuance of Bonds.						

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	
Single Family	151	$	446,200.47	$	-	$	2,954.97	$	2,954.97	

Total Gross Assessments	151	$	446,200.47	
Less: Discounts & Collections 6%		 $	26,772.03 	
Net Assessments		 $	419,428.44 	

Shotgun Road	
Community Development District	
Budget Narrative	
FY 2027	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses
for the Fiscal Year in accordance with the adopted budget.lz	

Expenditures - Administrative	

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 Roll 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 Agent	
The District has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its bonds.	
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.	
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.	
Telephone	
Conference calls for the CDD.	
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.	

Shotgun Road	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures - Administrative (continued)	
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 Commerce for $175.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

Expenditures - Field	

Landscape Maintenance	
The District will be responsible for the maintenane of common areas between homeowner lots.	
Lake Maintenance	
The District will enter into an agreement for the maintenance of the lakes to include:	
•	Inspection and treatment of aquatic weeds and algae	
•	Shoreline grass and brush control	
Roads - Drainage/Curbs	
Maintenance of the roadway drainage and curbing.	
Tot Lot		
Maintenance of play area.	
Electric		
Electricity costs for the following:	
•	Mailbox Kiosks	
•	Lift Stations	
•	Entry features and landscape uplighting	
Refuse		
To cover the cost of receptacle at the mailbox kiosk.	
General Maintenance	
To cover the cost of maintaining the following:	
•	Guardrail at entrance	
•	Lookout Gazebos (4)	
•	Equestrian Path	
•	Fire access roads (2)	
Wall Repair & Maintenance	
To cover the cost of maintaining the perimeter wall.	
Signage		
To cover the cost of community signage.	

Shotgun Road	
Community Development District	
Adopted Budget	
Debt Service Series 2026 Capital Improvement Revenue Bonds	

Proposed
Budget	Actuals Thru	Projected Next	Projected Thru	Adopted
Budget	
Description	FY2026	6/30/26	3 Months	9/30/26	FY2027	

REVENUES:

Special Assessments-On Roll*	$	-	$	-	$	-	$	-	$	409,150	
Interest Earnings	-	-	-	-	20,000	
Carry Forward Surplus (1)	-	-	-	-	69,481	

TOTAL REVENUES	$	-	$	-	$	-	$	-	$	498,631	

EXPENDITURES:

Interest - 11/1	$	-	$	-	$	-	$	-	$	69,481	
Interest - 5/1	-	-	-	-	90,000	
Principal - 5/1	-	-	-	-	158,311	

TOTAL EXPENDITURES	$	-	$	-	$	-	$	-	$	317,792	

Other Sources/(Uses)

Bond Proceeds	$	69,481	$	-	$	69,481	$	69,481	$	-	

TOTAL OTHER SOURCES/(USES)	$	69,481	$	-	$	69,481	$	69,481	$	-	

EXCESS REVENUES (EXPENDITURES)	$	69,481	$	-	$	69,481	$	69,481	$	180,839	

(1) Carry Forward is Net of Reserve Requirement			Interest Due 11/1/27	$	156,511	

Product	Assessable Units	Total Gross Assessment	FY27
Gross Per Unit	FY27
Net Per Unit		
Single Family	151	$	435,265.96	$	2,882.56	$	2,709.60		

Total Gross Assessments	151	$	435,265.96	
Less: Discounts & Collections 6%		 $	26,115.96 	
Net Assessments		 $	409,150.00 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family*	151	$	435,265.96	$	-	$	2,882.56	$	2,882.56	

Total Gross Assessments	151	$	435,265.96	
Less: Discounts & Collections 6%		 $	26,115.96 	
Net Assessments		 $	409,150.00 	

Shotgun Road	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2026 Capital Improvement Revenue Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	$	6,040,000	4.000%	$	-	$	69,481	$	69,481	
05/01/27	6,040,000	4.000%	90,000	158,311		
11/01/27	5,950,000	4.000%	-	156,511	404,822.50	
05/01/28	5,950,000	4.000%	95,000	156,511		
11/01/28	5,855,000	4.000%	-	154,611	406,122.50	
05/01/29	5,855,000	4.000%	100,000	154,611		
11/01/29	5,755,000	4.000%		152,611	407,222.50	
05/01/30	5,755,000	4.000%	105,000	152,611		
11/01/30	5,650,000	4.000%		150,511	408,122.50	
05/01/31	5,650,000	4.000%	110,000	150,511		
11/01/31	5,540,000	4.000%		148,311	408,822.50	
05/01/32	5,540,000	4.300%	115,000	148,311		
11/01/32	5,425,000	4.300%		145,839	409,150.00	
05/01/33	5,425,000	4.300%	115,000	145,839		
11/01/33	5,310,000	4.300%		143,366	404,205.00	
05/01/34	5,310,000	4.300%	125,000	143,366		
11/01/34	5,185,000	4.300%		140,679	409,045.00	
05/01/35	5,185,000	4.300%	130,000	140,679		
11/01/35	5,055,000	4.300%		137,884	408,562.50	
05/01/36	5,055,000	4.300%	135,000	137,884		
11/01/36	4,920,000	4.300%		134,981	407,865.00	
05/01/37	4,920,000	5.250%	140,000	134,981		
11/01/37	4,780,000	5.250%		131,306	406,287.50	
05/01/38	4,780,000	5.250%	150,000	131,306		
11/01/38	4,630,000	5.250%		127,369	408,675.00	
05/01/39	4,630,000	5.250%	155,000	127,369		
11/01/39	4,475,000	5.250%		123,300	405,668.75	
05/01/40	4,475,000	5.250%	165,000	123,300		
11/01/40	4,310,000	5.250%		118,969	407,268.75	
05/01/41	4,310,000	5.250%	175,000	118,969		
11/01/41	4,135,000	5.250%		114,375	408,343.75	
05/01/42	4,135,000	5.250%	185,000	114,375		
11/01/42	3,950,000	5.250%		109,519	408,893.75	
05/01/43	3,950,000	5.250%	195,000	109,519		
11/01/43	3,755,000	5.250%		104,400	408,918.75	
05/01/44	3,755,000	5.250%	205,000	104,400		
11/01/44	3,550,000	5.250%		99,019	408,418.75	
05/01/45	3,550,000	5.250%	215,000	99,019		
11/01/45	3,335,000	5.250%		93,375	407,393.75	
05/01/46	3,335,000	5.250%	225,000	93,375		
11/01/46	3,110,000	5.250%		87,469	405,843.75	
05/01/47	3,110,000	5.625%	240,000	87,469		
11/01/47	2,870,000	5.625%		80,719	408,187.50	
05/01/48	2,870,000	5.625%	250,000	80,719		
11/01/48	2,620,000	5.625%		73,688	404,406.25	
05/01/49	2,620,000	5.625%	265,000	73,688		
11/01/49	2,355,000	5.625%		66,234	404,921.88	
05/01/50	2,355,000	5.625%	280,000	66,234		
11/01/50	2,075,000	5.625%		58,359	404,593.75	
05/01/51	2,075,000	5.625%	300,000	58,359		
11/01/51	1,775,000	5.625%		49,922	408,281.25	
05/01/52	1,775,000	5.625%	315,000	49,922		
11/01/52	1,460,000	5.625%		41,063	405,984.38	

Shotgun Road	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2026 Capital Improvement Revenue Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

(continued)

05/01/53	1,460,000	5.625%	335,000	41,063		
11/01/53	1,125,000	5.625%		31,641	407,703.13	
05/01/54	1,125,000	5.625%	355,000	31,641		
11/01/54	770,000	5.625%		21,656	408,296.88	
05/01/55	$	770,000	5.625%	$	375,000	$	21,656	$	-	
11/01/55	395,000	5.625%		11,109	407,765.63	
05/01/56	395,000	5.625%	395,000	11,109		
11/01/56	-	5.625%		-	406,109.38	

Total	$6,040,000	$6,245,384	$12,285,384	

Shotgun Road	
Community Development District	
Non-Ad Valorem Assessments	
2026-2027	

Neighborhood	O&M Units	Bonds
Units 2026	Gross Annual Maintenance Assessments	Gross Annual Debt Assessments	Total Assessed Per Unit	
	
FY2027	
FY2026	Increase/ (decrease)	
FY2027	
FY2026	Increase/ (decrease)	
FY2027	
FY2026	Increase/ (decrease)	

Single Family	
151	
151	
$2,954.97	
$0.00	
$2,954.97	
$2,882.56	
$0.00	
$2,882.56	
$5,837.53	
$0.00	
$5,837.53	
Total	151	151