Shotgun Road	
Community Development District	

Approved Proposed 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	
Approved Proposed Budget	
General Fund	

Approved Proposed Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY2027	

Special Assessments - On Roll	$	-	$	-	$	-	$	-	$	419,429	
Developer Contributions/Maintenance Assessme	419,429	41,398	37,573	78,971	-	
TOTAL REVENUES	$	419,429	$	41,398	$	37,573	$	78,971	$	419,429	

EXPENDITURES:

Administrative						
Engineering	$	10,000	$	-	$	10,000	$	10,000	$	10,000	
Attorney	12,000	13,127	6,873	20,000	12,000	
Annual Audit	5,000	-	5,000	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	12,000	15,000	27,000	36,000	
Website Maintenance	3,000	1,000	1,250	2,250	3,000	
Telephone	200	-	50	50	200	
Postage & Delivery	750	39	200	239	750	
Insurance General Liability	6,500	-	6,500	6,500	6,500	
Printing & Binding	1,000	23	200	223	1,000	
Legal Advertising	5,000	4,860	2,000	6,860	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	$	31,398	$	47,573	$	78,971	$	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	$	31,398	$	47,573	$	78,971	$	419,429	

TOTAL EXCESS REVENUES/(EXPENDITURES)	$	-	$	10,000	$	(10,000)	$	-	$	-	
(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	
Approved Proposed Budget	
Debt Service Series 2026 Capital Improvement Revenue Bonds	

Proposed Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY2027	

REVENUES:

Special Assessments-On Roll*	$	-	$	-	$	-	$	-	$	-	
Interest Earnings	-	-	-	-	20,000	
Carry Forward Surplus (1)	-	-	-	-	7,120,002	

TOTAL REVENUES	$	-	$	-	$	-	$	-	$ 7,140,002	

EXPENDITURES:

Interest - 11/1	$	-	$	-	$	-	$	-	$	485,315	
Interest - 5/1	-	-	-	-	1,105,781	
Principal - 5/1	-	-	-	-	-	

TOTAL EXPENDITURES	$	-	$	-	$	-	$	-	$ 1,591,096	

Other Sources/(Uses)

Bond Proceeds	$  9,734,221	$	-	$  9,734,221	$  9,734,221	$	-	

TOTAL OTHER SOURCES/(USES)	$ 9,734,221	$	-	$ 9,734,221	$ 9,734,221	$	-	

EXCESS REVENUES (EXPENDITURES)	$ 9,734,221	$	-	$ 9,734,221	$ 9,734,221	$ 5,548,906	

(1) Carry Forward is Net of Reserve Requirement	
*the non ad valorem debt assessments will start in FY2030	

Interest Due 11/1/27	$  1,105,781	

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	$	35,385,000	6.250%	$	-	$	485,315	$	485,315	
05/01/27	35,385,000	6.250%	-	1,105,781		
11/01/27	35,385,000	6.250%		1,105,781	2,211,562.50	
05/01/28	35,385,000	6.250%	-	1,105,781		
11/01/28	35,385,000	6.250%		1,105,781	2,211,562.50	
05/01/29	35,385,000	6.250%	-	1,105,781		
11/01/29	35,385,000	6.250%		1,105,781	2,211,562.50	
05/01/30	35,385,000	6.250%	415,000	1,105,781		
11/01/30	34,970,000	6.250%		1,092,813	2,613,593.75	
05/01/31	34,970,000	6.250%	440,000	1,092,813		
11/01/31	34,530,000	6.250%		1,079,063	2,611,875.00	
05/01/32	34,530,000	6.250%	470,000	1,079,063		
11/01/32	34,060,000	6.250%		1,064,375	2,613,437.50	
05/01/33	34,060,000	6.250%	500,000	1,064,375		
11/01/33	33,560,000	6.250%		1,048,750	2,613,125.00	
05/01/34	33,560,000	6.250%	530,000	1,048,750		
11/01/34	33,030,000	6.250%		1,032,188	2,610,937.50	
05/01/35	33,030,000	6.250%	565,000	1,032,188		
11/01/35	32,465,000	6.250%		1,014,531	2,611,718.75	
05/01/36	32,465,000	6.250%	600,000	1,014,531		
11/01/36	31,865,000	6.250%		995,781	2,610,312.50	
05/01/37	31,865,000	6.250%	640,000	995,781		
11/01/37	31,225,000	6.250%		975,781	2,611,562.50	
05/01/38	31,225,000	6.250%	680,000	975,781		
11/01/38	30,545,000	6.250%		954,531	2,610,312.50	
05/01/39	30,545,000	6.250%	725,000	954,531		
11/01/39	29,820,000	6.250%		931,875	2,611,406.25	
05/01/40	29,820,000	6.250%	770,000	931,875		
11/01/40	29,050,000	6.250%		907,813	2,609,687.50	
05/01/41	29,050,000	6.250%	820,000	907,813		
11/01/41	28,230,000	6.250%		882,188	2,610,000.00	
05/01/42	28,230,000	6.250%	875,000	882,188		
11/01/42	27,355,000	6.250%		854,844	2,612,031.25	
05/01/43	27,355,000	6.250%	930,000	854,844		
11/01/43	26,425,000	6.250%		825,781	2,610,625.00	
05/01/44	26,425,000	6.250%	990,000	825,781		
11/01/44	25,435,000	6.250%		794,844	2,610,625.00	
05/01/45	25,435,000	6.250%	1,055,000	794,844		
11/01/45	24,380,000	6.250%		761,875	2,611,718.75	
05/01/46	24,380,000	6.250%	1,125,000	761,875		
11/01/46	23,255,000	6.250%		726,719	2,613,593.75	
05/01/47	23,255,000	6.250%	1,195,000	726,719		
11/01/47	22,060,000	6.250%		689,375	2,611,093.75	
05/01/48	22,060,000	6.250%	1,275,000	689,375		
11/01/48	20,785,000	6.250%		649,531	2,613,906.25	
05/01/49	20,785,000	6.250%	1,355,000	649,531		
11/01/49	19,430,000	6.250%		607,188	2,611,718.75	
05/01/50	19,430,000	6.250%	1,445,000	607,188		
11/01/50	17,985,000	6.250%		562,031	2,614,218.75	
05/01/51	17,985,000	6.250%	1,535,000	562,031		
11/01/51	16,450,000	6.250%		514,063	2,611,093.75	
05/01/52	16,450,000	6.250%	1,635,000	514,063		
11/01/52	14,815,000	6.250%		462,969	2,612,031.25	
05/01/53	14,815,000	6.250%	1,740,000	462,969		
11/01/53	13,075,000	6.250%		408,594	2,611,562.50	
05/01/54	13,075,000	6.250%	1,855,000	408,594		
11/01/54	11,220,000	6.250%		350,625	2,614,218.75	

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)						
05/01/55	$	11,220,000	6.250%	$	1,970,000	$	350,625	$	-	
11/01/55	9,250,000	6.250%		289,063	2,609,687.50	
05/01/56	9,250,000	6.250%	2,100,000	289,063		
11/01/56	7,150,000	6.250%		223,438	2,612,500.00	
05/01/57	7,150,000	6.250%	2,235,000	223,438		
11/01/57	4,915,000	6.250%		153,594	2,612,031.25	
05/01/58	4,915,000	6.250%	2,380,000	153,594		
11/01/58	2,535,000	6.250%		79,219	2,612,812.50	
05/01/59	2,535,000	6.250%	2,535,000	79,219	2,614,218.75	

Total	$35,385,000	$50,092,659	$85,477,659	

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	
$18,417.78	
$0.00	
$18,417.78	
$21,372.75	
$0.00	
$21,372.75	
Total	151	151