Wynnfield Lakes	
Community Development District	

Approved Proposed Budget	
FY 2026	

Table of Contents

1-2

3

4-8

9-10

	General Fund

	Capital Reserve Fund

	Narratives

	Debt Service Fund Series 2014

11		Assessment Schedule

Wynnfield Lakes	
Community Development District	
Approved Proposed Budget	
General Fund	

REVENUES:

Special Assessments - On Roll	$	659,082	$	657,611	$	1,471	$	659,082	$	659,082	
Interest income	10,000	14,731	5,269	20,000	10,000	
Clubhouse Income	2,000	3,695	1,500	5,195	2,530	
Carry Forward Surplus	-	45,948	-	45,948	16,756	

TOTAL REVENUES	$	671,082	$	721,986	$	8,240	$	730,225	$	688,368	

EXPENDITURES:

Administrative						
Supervisor Fees	$	6,000	$	2,800	$	3,000	$	5,800	$	6,000	
FICA Taxes	459	214	230	444	459	
Engineering	10,500	26,165	10,000	36,165	10,500	
Attorney (KVW)	20,000	16,728	10,000	26,728	20,000	
Annual Audit (Berger)	3,300	3,300	-	3,300	3,300	
Assessment Administration (GMS)	5,408	5,408	-	5,408	5,305	
Arbitrage Rebate (Grau)	600	-	600	600	600	
Dissemination Agent (GMS)	1,190	694	495	1,190	1,167	
Trustee Fees (US Bank)	4,800	-	4,800	4,800	5,215	
Management Fees (GMS)	53,810	31,389	22,421	53,810	55,424	
Information Technology	1,600	933	667	1,600	1,800	
Website Maintenance	800	467	333	800	1,000	
Telephone	250	-	75	75	250	
Postage & Delivery	300	61	75	136	300	
Travel & Per Diem	100	-	35	35	100	
Meeting Room	1,500	750	750	1,500	1,500	
Insurance General Liability	9,635	8,965	-	8,965	10,091	
Printing & Binding	750	271	300	571	750	
Legal Advertising	1,000	265	795	1,060	1,000	
Other Current Charges	1,000	327	300	627	882	
Office Supplies	150	-	75	75	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	123,326	$	98,911	$	54,951	$	153,862	$	125,968	

Operations & Maintenance

Field Expenditures						
Property Insurance (FIA)	$	18,336	$	16,128	$	-	$	16,128	$	17,418	
Utilities - Irrigation (JEA)	6,000	5,392	4,250	9,642	10,000	
Field Operations Management (Vesta Property)	28,700	16,742	11,958	28,700	29,561	
Security Service/Monitoring (Fidelity Security)	58,840	37,506	29,886	67,392	58,840	
Landscape Maintenance (Bland Landscaping)	67,692	40,042	28,598	68,640	68,640	
Landscape Contingency	21,835	3,184	18,651	21,835	21,835	
Lake Maintenance (Solitude)	10,665	5,404	3,860	9,264	10,665	
Irrigation Maintenance (Kohen)	10,000	4,573	5,427	10,000	10,000	
Repairs & Replacements	12,500	1,005	11,495	12,500	12,500	
Refuse Service (Waste Management)	3,044	1,698	1,450	3,148	3,600	
Stormwater User Fees	1,140	-	1,140	1,140	1,140	
Animal Control	15,000	9,470	5,630	15,100	15,100	
Contingency	10,000	629	9,371	10,000	10,000	
TOTAL FIELD EXPENDITURES	$	263,751	$	141,773	$	131,716	$	273,489	$	269,299	

Wynnfield Lakes	
Community Development District	
Approved Proposed Budget	
General Fund	

Amenity Expenditures						
Amenity Center Management (Vesta Property)	$	80,925	$	47,206	$	33,719	$	80,925	$	83,353	
Facility Attendants (Vesta Property)	12,250	7,146	5,104	12,250	12,618	
General Facility Maintenance (Vesta Property)	18,740	10,932	7,808	18,740	19,302	
Utilities - Electric (JEA)	15,000	6,806	5,500	12,306	15,000	
Utilities - Water & Sewer (JEA)	6,600	2,598	3,000	5,598	6,600	
Telephone/Internet & Cable (Comcast)	5,208	3,244	2,430	5,674	5,760	
Repairs & Replacements	10,880	9,059	5,000	14,059	15,000	
Fitness Equipment Maintenance	1,360	340	1,020	1,360	1,360	
Fitness Center Supplies	1,000	105	895	1,000	1,000	
Pool Maintenance (Vesta Property)	15,022	8,763	6,259	15,022	15,473	
Pool Chemicals (PoolSure)	9,600	6,072	7,000	13,072	15,000	
Janitorial Service/Supplies (Vesta Property)	9,470	5,524	3,946	9,470	9,754	
Office Supplies / Mailings / Printings	1,250	358	500	858	1,250	
Operating Supplies	4,500	1,740	2,500	4,240	4,500	
Permit Fees	1,700	1,222	525	1,747	1,800	
Special Events	10,000	6,319	3,681	10,000	10,000	
Recreation Passes	500	200	300	500	500	
Holiday Lighting	5,000	3,400	-	3,400	5,000	

TOTAL AMENITY EXPENDITURES	$	209,005	$	121,034	$	89,187	$	210,221	$	223,269	

TOTAL EXPENDITURES	$	596,082	$	361,719	$	275,854	$	637,573	$	618,535	

Other Sources/(Uses)

Interlocal Transfer In/(Out)	$	25,000	$	34,975	$	-	$	34,975	$	30,000	
Reserve Funding-CY	(100,000)	(100,000)	(10,872)	(110,872)	(99,833)	

TOTAL OTHER SOURCES/(USES)	$	(75,000)	$	(65,025)	$	(10,872)	$	(75,897)	$	(69,833)	

EXCESS REVENUES (EXPENDITURES)	$	-	$	295,242	$	(278,486)	$	16,756	$	-	

Wynnfield Lakes	
Community Development District	
Proposed Budget	
Capital Reserve Fund	

REVENUES:

Interest Income	$	11,115	$	5,607	$	3,513	$	9,120	$	10,909	
Carry Forward Balance	207,099	159,620	-	159,620	196,759	

TOTAL REVENUES	$	218,214	$	165,227	$	3,513	$	168,740	$	207,669	

EXPENDITURES:

Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Entry Sign	20,420	-	20,420	20,420	-	
Exterior Wall Lights	3,781	-	3,781	3,781	-	
Office Furniture & Equipment	4,538	-	4,538	4,538	-	
Parking Lot Paver Maintenance	4,538	-	4,538	4,538	-	
Pendent Lights at Open Deck Area	8,471	-	8,471	8,471	-	
Pickle Ball Court Resurfacing	6,655	-	6,655	6,655	-	
Security Camera System	10,891	-	10,891	10,891	-	
Holiday Lights	-	12,550	-	12,550	-	
Pool Furniture	-	10,292	-	10,292	-	
Parking Lot	-	-	-	-	70,358	
Other Current Charges	600	417	300	717	800	
TOTAL EXPENDITURES	$	59,894	$	23,259	$	59,594	$	82,853	$	71,158	

Other Sources/(Uses)

Capital Reserve Funding - Transfer In	100,000	100,000	10,872	110,872	99,833	

TOTAL OTHER SOURCES/(USES)	$100,000	$100,000	$10,872	$110,872	$99,833	

EXCESS REVENUES (EXPENDITURES)	$	258,320	$	241,968	$	(45,209)	$	196,759	$	236,344	

Capital Reserve Study	General

Description	FY 2026-
Reserve Study	
Reserves Beginning of Year	$	381,612	
Contributions	52,386	
Interest Income	10,909	
Expenditures	(70,358)	
Anticipated Balance	$	374,550	

Budget Fiscal Year 2026

Description	Budget FY2026	
Reserves Beginning of Year	$	196,759	
Contributions	99,833	
Interest Income	10,909	
Expenditures	(71,158)	
Anticipated Balance	$	236,344	

Variance Reserve Study Vs Actual	($138,206)	

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.	
Clubhouse Income	
Represents estimated income from the rental of the Community Room.	

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 Roll Administration	
GMS-NF, 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 annually have an arbitrage rebate calculation on the District's Series 2014 Special Assessment	
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 GMS-NF, 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 GMS-NF, LLC.	

Expenditures - Administrative (continued)	
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.	
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.	
Travel & Per Diem	
Expenses the Board of Supervisors may incur due to attending a Wynnfield Lakes Community Development District meeting or other District related travel expenses.	
Meeting Room	
Cost to rent seminar room for meetings.	
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 the Florida Department of Commerce for $175.	

Expenditures – Maintenance	

Property Insurance				
The District’s Amenity Center property insurance policy is with Preferred Governmental Insurance Trust (PGIT). PGIT specializes in providing insurance coverage to governmental agencies.	
Utilities - Irrigation				
The District has various utility accounts with JEA for irrigation meter.	
Vendor	Service	Location		
JEA	Irrigation	12319 Wynnfield Lakes Dr		
JEA	Irrigation	12510 Diamond Springs Dr		
Field Operations Management				
The District receives contract administration services from Vesta Property Services to oversee the work performed by outside service providers and provide services within the District.	
Vendor		Monthly fee	Annually	
Vesta Property Services		$2,463	$29,561	

Expenditures – Maintenance (continued)				
Security Service / Monitoring				
The District has contracted with Fidelity Security Operations, LLC to provide Onsite security Guard Duty. Guards 5 nights a week.	
Vendor	Service	bi-weekly	Annually	
Fidelity Security Operatons	Guard Service	$2,263	$58,840	
Landscape Maintenance				
Scheduled maintenance consists of edging, weed treating, weeding of beds, blowing or vacuuming and weeding of lawns, pruning, cleaning litter, pesticide application, fertilization, irrigation repair and annuals. Replace of mulch and pine straw.	
Vendor	Service	Monthly fee	Annually	
Bland Landscaping	Maintenance	$5,720	$68,640	
Landscape Contingency				
Represents an unanticipated cost associated with the maintenance of mowing, edging, applying pest, tree removal and trimming and disease control chemicals to sod.	
Lake Maintenance				
The District has contracted with Solitude Lake Management, Inc. to maintain the water quality in all the lakes in Wynnfield Lakes Community Development District.	
Vendor	Service	Monthly fee	Annually	
Solitude	Maintenance	$810	$9,720	
Solitude	Grass Carp	$0	$945	
		Total	
$10,665	
Irrigation Maintenance				
Miscellaneous irrigation repairs and maintenance.				
Repairs & Replacements				
Cost of routine repairs and replacements of the District’s common areas.	
Refuse Service				
Garbage disposal service				
Stormwater User Fees				
The District will incur expenses for stormwater usage fees.	
Animal Control				
The District contracted Goose Masters of Northeast Florida to provide weekly goose control services.	
Contingency				
Represents an unanticipated cost associated with the operation and maintenance of the District’s Amenity Center and field	

Expenditures – Amenity			
Amenity Center Management			
The District receives services provided by Vesta Property Services, Inc to manage the Amenity Center facilities.	
Vendor	Monthly fee	Annually	
Vesta Property Services	$6,946	$83,353	
Facility Attendant			
Cost of attendant responsible for the daily operations of the facility provided by Vesta Property Services.	
Vendor	Monthly fee	Annually	
Vesta Property Services	$1,051	$12,618	
General Facility Maintenance			
Cost of routine repairs and maintenance of the District’s Amenity Center and common areas.	
Vendor	Monthly fee	Annually	
Vesta Property Services	$1,609	$19,302	

Expenditures – Amenity (continued)				
Utility - Electric				
The District has various utility accounts with JEA for lighting at the Amenity Center and has contracted with a security company for the monitoring of the emergency phone.	
Vendor	Service	Location		
JEA	Electric	12319 Wynnfield Lakes Dr	
JEA	Electric	12397 Wynnfield Lakes apt	
Utility - Water & Sewer				
The District has various utility accounts with JEA for water/sewer at the Amenity Center.	
Vendor	Service	Location		
JEA	Water	12319 Wynnfield Lakes Dr	
JEA	Sewer	12319 Wynnfield Lakes Dr	
Telephone/Internet & Cable				
Services provided at the Amenity Center by Comcast.				
Repairs & Replacements				
Cost of routine repairs and replacements of the District’s Amenity Center.	
Fitness Equipment Maintenance				
Southeast Fitness Repair is maintaining the fitness equipment.	
Fitness Center Supplies				
Supplies needed to stock the fitness center as well as cleaning supplies	
Pool Maintenance				
The District has contracted with Vesta Property Services for the maintenance and chemicals of the Amenity Center Swimming	
Vendor		Monthly fee	Annually	
Vesta Property Services		$1,289	$15,473	
Pool Chemicals				
PoolSure provides the chemicals for the Amenity Center Swimming Pool.	
Vendor		Monthly fee	Annually	
Vesta Property Services		$1,250	$15,000	
Janitorial Service/Supplies				
The District has contracted with Vesta Property Services, Inc. to provide janitorial services and supplies for the Amenity Center.	
Vendor		Monthly fee	Annually	
Vesta Property Services		$813	$9,754	
Office Supplies/Mailings/Printings				
Consists of mailings to residents, etc.				
Operating Supplies				
Purchase of supplies for the District's pool, clubhouse, etc.	
Permit Fees				
Represents Permit Fees for ASCAP, SESAC and Department of Health for the swimming pool permit.	
Special Events				
Represents estimated cost for the District to host any special events for the community throughout the Fiscal Year.	
Recreation Passes				
Represents the estimated cost for access cards to the District’s Amenity Center.	
Holiday Lighting				
Holiday lighting throughout the District.				

Other Financing Sources/(Uses)	
Interfund Transfer In/(out) DSF Excess Revenues	
Pursuant to Section 4.02. of the Master Indenture, the District should receive any moneys in excess on the Series 2014 Revenue Account after the last Interest Payment Date (November 1st) in any calendar year.	
Reserve Funding -CY	
Represents funds needed for Capital Projects.	

Wynnfield Lakes	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2014 Special Assessment Refunding Bonds	

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

REVENUES:

Special Assessments-On Roll	$	517,898	$	516,736	$	1,162	$	517,898	$	517,898	
Interest Earnings	10,000	15,429	5,171	20,600	10,000	
Carry Forward Surplus (1)	131,724	133,993	-	133,993	120,191	

TOTAL REVENUES	$	659,622	$	666,158	$	6,333	$	672,491	$	648,089	

EXPENDITURES:

Interest - 11/01	$	103,663	$	103,663	$	-	$	103,663	$	97,850	
Interest - 05/01	103,663	-	103,663	103,663	97,850	
Principal - 05/01	310,000	-	310,000	310,000	325,000	

TOTAL EXPENDITURES	$	517,325	$	103,663	$	413,663	$	517,325	$	520,700	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	(25,000)	$	(34,975)	$	-	$	(34,975)	$	(30,000)	

TOTAL OTHER SOURCES/(USES)	$	(25,000)	$	(34,975)	$	-	$	(34,975)	$	(30,000)	

EXCESS REVENUES (EXPENDITURES)	$	117,297	$	527,521	$	(407,330)	$	120,191	$	97,389	

Interest Due 11/1/26	$	91,350	

(1) Carry Forward is Net of Reserve Requirement

Wynnfield Lakes	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2014 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/18	$	6,475,000	2.250%	$	5,000	$	129,444	$	134,444	
05/01/19	6,470,000	2.250%	280,000	87,088		
11/01/19	6,190,000		5,000	83,938	456,025	
05/01/20	6,185,000	2.625%	270,000	93,838		
11/01/20	5,915,000		5,000	90,294	459,131	
05/01/21	5,910,000	3.000%	270,000	100,644		
11/01/21	5,640,000		-	96,594	467,238	
05/01/22	5,640,000	3.250%	275,000	107,394		
11/01/22	5,365,000		-	102,925	485,319	
05/01/23	5,365,000	3.500%	290,000	114,175		
11/01/23	5,075,000		-	109,100	513,275	
05/01/24	5,075,000	3.625%	300,000	109,100		
11/01/24	4,775,000		-	103,663	512,763	
05/01/25	4,775,000	3.750%	310,000	103,663		
11/01/25	4,465,000		-	97,850	511,513	
05/01/26	4,465,000	4.000%	325,000	97,850		
11/01/26	4,140,000		-	91,350	514,200	
05/01/27	4,140,000	4.250%	340,000	91,350		
11/01/27	3,800,000		-	84,125	515,475	
05/01/28	3,800,000	4.250%	350,000	84,125		
11/01/28	3,450,000		-	76,688	510,813	
05/01/29	3,450,000	4.250%	365,000	76,688		
11/01/29	3,085,000		-	68,931	510,619	
05/01/30	3,085,000	4.250%	385,000	68,931		
11/01/30	2,700,000		-	60,750	514,681	
05/01/31	2,700,000	4.500%	400,000	60,750		
11/01/31	2,300,000		-	51,750	512,500	
05/01/32	2,300,000	4.500%	420,000	51,750		
11/01/32	1,880,000		-	42,300	514,050	
05/01/33	1,880,000	4.500%	440,000	42,300		
11/01/33	1,440,000		-	32,400	514,700	
05/01/34	1,440,000	4.500%	460,000	32,400		
11/01/34	980,000		-	22,050	514,450	
05/01/35	980,000	4.500%	480,000	22,050		
11/01/35	500,000		-	11,250	513,300	
05/01/36	500,000	4.500%	500,000	11,250	511,250	

Total	$	6,475,000	$	2,710,744	$	9,185,744	

Wynnfield Lakes	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2026	

Neighborhood	O&M Units	Bonds Units
2014	
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	
372	
370	
$1,400.72	
$1,400.72	
$0.00	
$1,518.48	
$1,518.48	
$0.00	
$2,919.20	
$2,919.20	
$0.00	
Multi Family	204	0	$938.50	$938.50	$0.00	$0.00	$0.00	$0.00	$938.50	$938.50	$0.00	
Total	576	370										

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