Wynnfield Lakes	
Community Development District	

Approved Proposed Budget	
FY 2027	

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	$	650,299	$	8,783	$	659,082	$	659,083	
Interest income	10,000	11,671	6,329	18,000	8,000	
Clubhouse Income	2,530	3,538	1,462	5,000	5,000	
Carry Forward Surplus	16,756	65,959	-	65,959	32,786	

TOTAL REVENUES	$	688,368	$	731,467	$	16,574	$	748,041	$	704,869	

EXPENDITURES:

Administrative						
Supervisor Fees	$	6,000	$	3,400	$	3,000	$	6,400	$	6,000	
FICA Taxes	459	260	230	490	459	
Engineering	10,500	3,177	7,323	10,500	10,815	
Attorney (KVW)	20,000	15,007	9,993	25,000	25,000	
Annual Audit (Berger)	3,300	3,300	-	3,300	3,600	
Assessment Administration (GMS)	5,305	5,305	-	5,305	5,623	
Arbitrage Rebate (Grau)	600	-	600	600	600	
Dissemination Agent (GMS)	1,167	781	386	1,167	1,237	
Trustee Fees (US Bank)	5,215	-	5,215	5,215	5,215	
Management Fees (GMS)	55,424	32,331	23,093	55,424	58,749	
Information Technology	1,800	1,050	750	1,800	1,854	
Website Maintenance	1,000	583	417	1,000	1,060	
Telephone	250	-	250	250	250	
Postage & Delivery	300	162	138	300	300	
Travel & Per Diem	100	23	77	100	100	
Meeting Room	1,500	1,200	900	2,100	2,100	
Insurance General Liability	10,091	9,502	-	9,502	10,452	
Printing & Binding	750	200	550	750	750	
Legal Advertising	1,000	758	1,243	2,000	1,700	
Other Current Charges	882	605	277	882	883	
Office Supplies	150	-	150	150	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	125,968	$	77,818	$	54,592	$	132,410	$	137,073	

Operations & Maintenance

Field Expenditures						
Property Insurance (FIA)	$	17,418	$	15,650	$	-	$	15,650	$	17,215	
Utilities - Irrigation (JEA)	10,000	8,391	4,609	13,000	13,000	
Field Operations Management (Vesta Property)	29,561	17,244	12,317	29,561	30,596	
Security Service/Monitoring (Fidelity Security)	58,840	35,315	43,077	78,392	78,392	
Landscape Maintenance (Bland Landscaping)	68,640	40,047	28,605	68,652	70,712	
Landscape Contingency	21,835	12,163	9,672	21,835	21,835	
Lake Maintenance (Solitude)	10,665	5,404	5,261	10,665	10,665	
Irrigation Maintenance (Kohen)	10,000	4,706	5,294	10,000	10,000	
Repairs & Replacements	12,500	2,535	9,965	12,500	12,500	
Refuse Service (Waste Management)	3,600	2,134	1,466	3,600	3,600	
Stormwater User Fees	1,140	-	1,140	1,140	1,140	
Animal Control	15,100	9,336	5,764	15,100	15,100	
Contingency	10,000	2,300	7,700	10,000	10,000	
TOTAL FIELD EXPENDITURES	$	269,299	$	155,225	$	134,870	$	290,095	$	294,754	

Wynnfield Lakes	
Community Development District	
Approved Proposed Budget	
General Fund	

Amenity Expenditures						
Amenity Center Management (Vesta Property)	$	83,353	$	48,622	$	34,730	$	83,352	$	86,270	
Facility Attendants (Vesta Property)	12,618	7,361	5,258	12,618	13,060	
General Facility Maintenance (Vesta Property)	19,302	11,260	8,043	19,302	19,978	
Utilities - Electric (JEA)	15,000	6,892	8,108	15,000	15,000	
Utilities - Water & Sewer (JEA)	6,600	3,057	3,543	6,600	6,600	
Telephone/Internet & Cable (Comcast)	5,760	4,377	3,003	7,380	7,380	
Repairs & Replacements	15,000	8,158	6,842	15,000	16,736	
Fitness Equipment Maintenance	1,360	855	1,645	2,500	2,500	
Fitness Center Supplies	1,000	-	1,000	1,000	1,000	
Pool Maintenance (Vesta Property)	15,473	9,026	6,447	15,473	16,015	
Pool Chemicals (PoolSure)	15,000	6,496	8,504	15,000	15,000	
Janitorial Service/Supplies (Vesta Property)	9,754	5,690	4,064	9,754	10,095	
Office Supplies / Mailings / Printings	1,250	252	998	1,250	1,250	
Operating Supplies	4,500	2,021	2,479	4,500	4,500	
Permit Fees	1,800	1,331	469	1,800	1,800	
Special Events	10,000	5,945	4,055	10,000	10,000	
Recreation Passes	500	200	-	200	500	
Holiday Lighting	5,000	3,400	-	3,400	5,000	

TOTAL AMENITY EXPENDITURES	$	223,269	$	124,941	$	99,188	$	224,129	$	232,684	

TOTAL EXPENDITURES	$	618,535	$	357,984	$	288,649	$	646,633	$	664,511	

Other Sources/(Uses)

Interfund Transfer In/(Out)	$	30,000	$	31,211	$	-	$	31,211	$	30,000	
Capital Reserve Funding - Transfer Out	(99,833)	(99,833)	-	(99,833)	(70,358)	

TOTAL OTHER SOURCES/(USES)	$	(69,833)	$	(68,622)	$	-	$	(68,622)	$	(40,358)	

EXCESS REVENUES (EXPENDITURES)	$	-	$	304,861	$	(272,075)	$	32,786	$	-	

Assessment Table

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

Single Family	372	$  521,070.48	$	1,400.73	$	1,400.73	$	(0.00)	
Multi Family	204	$  191,451.38	$	938.49	$	938.49	$	(0.00)	
TOTAL	576	$	712,522				

Gross Assessment	
Less Collection Fees & Discounts (7.5%)	
Net Assessment	

$  712,521.86	
 $	53,439.14 	
$  659,082.72	

Wynnfield Lakes	
Community Development District	
Proposed Budget	
Capital Reserve Fund	

REVENUES:

Interest Income	$	10,909	$	7,029	$	3,880	$	10,909	$	7,000	
Carry Forward Balance	245,173	246,180	-	246,180	329,763	

TOTAL REVENUES	$	256,083	$	253,209	$	3,880	$	257,089	$	336,763	

EXPENDITURES:

Holiday Lights	$	12,550	$	-	$	12,550	$	12,550	$	-	
Pool Furniture	10,292	-	10,292	10,292	-	
Parking Lot	-	3,570	-	3,570	-	
Improvements	-	-	-	-	70,358	
Other Current Charges	725	447	300	747	800	
TOTAL EXPENDITURES	$	23,567	$	4,017	$	23,142	$	27,159	$	71,158	

Other Sources/(Uses)

Capital Reserve Funding - Transfer In	$	99,833	$	99,833	$	-	$	99,833	$	70,358	

TOTAL OTHER SOURCES/(USES)	$	99,833	$	99,833	$	-	$	99,833	$	70,358	

EXCESS REVENUES (EXPENDITURES)	$	332,349	$	349,025	$	(19,262)	$	329,763	$	335,963	

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.	

Expenditures - Administrative (continued)	
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.	
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		$2,550	$30,596	
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 Operations	Guard Service	$3,015	$78,392	
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	$5,893	$70,712	
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		$7,189	$86,270	
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		$1,088	$13,060	
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		$1,665	$19,978	
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 Pool.	
Vendor		Monthly fee	Annually	
Vesta Property Services		$1,335	$16,015	
Pool Chemicals				
PoolSure an Aquasol Company provides the chemicals for the Amenity Center Swimming Pool.	
Vendor		Monthly fee	Annually	
PoolSure		$1,250	$15,000	

Expenditures – Amenity (continued)			
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	$841	$10,095	
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.	
Capital Reserve Funding - Transfer Out	
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	FY2026	4/30/26	5 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	517,894	$	510,990	$	6,903	$	517,894	$	517,894	
Special Assessments - Prepayments	-	11,007	-	11,007	-	
Interest Earnings	10,000	12,767	5,233	18,000	10,000	
Carry Forward Surplus (1)	121,583	126,041	-	126,041	106,031	

TOTAL REVENUES	$	649,476	$	660,806	$	12,136	$	672,942	$	633,924	

EXPENDITURES:

Interest - 11/01	$	97,850	$	97,850	$	-	$	97,850	$	91,025	
Interest - 05/01	97,850	-	97,850	97,850	91,025	
Principal - 05/01	325,000	-	325,000	325,000	335,000	
Special Call - 05/01	-	-	15,000	15,000	-	

TOTAL EXPENDITURES	$	520,700	$	97,850	$	437,850	$	535,700	$	517,050	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	(30,000)	$	(31,211)	$	-	$	(31,211)	$	(30,000)	

TOTAL OTHER SOURCES/(USES)	$	(30,000)	$	(31,211)	$	-	$	(31,211)	$	(30,000)	

EXCESS REVENUES (EXPENDITURES)	$	98,776	$	531,745	$	(425,714)	$	106,031	$	86,874	

Interest Due 11/1/27	$	83,906	

(1) Carry Forward is Net of Reserve Requirement

Parcel	Assessable
Units	Gross
Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase /
(Decrease)	
Single Family	368	$	558,800.64	$	1,518.48	$	1,518.48	$	-	
Single Family (prepaid partial)	1	$	1,084.32	$	1,084.32	$	1,084.32	$	-	
Multi-Family (2)	206	$	-	$	-	$	-	$	-	
Total	575	$	559,885				

Gross Assessment	
Less Collection Fees & Discounts (7.5%)	
Net Assessment	

$	559,884.96	
 $	41,991.37 	
$	517,893.59	

(1) Carry forward surplus is net of the reserve requirement.	
(2) Multi-Family Unit assessments were prepaid with a Special Call on May 1, 2008.	

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	$	129,419	$	134,419	
05/01/19	6,470,000	2.250%	280,000	87,175		
11/01/19	6,190,000		5,000	84,025	456,200	
05/01/20	6,185,000	2.625%	270,000	93,813		
11/01/20	5,915,000		5,000	90,269	459,081	
05/01/21	5,910,000	3.000%	270,000	100,619		
11/01/21	5,640,000		-	96,569	467,188	
05/01/22	5,640,000	3.250%	275,000	107,369		
11/01/22	5,365,000		-	102,925	485,294	
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%	340,000	97,850		
11/01/26	4,125,000		-	91,025	528,875	
05/01/27	4,125,000	4.250%	335,000	91,025		
11/01/27	3,790,000		-	83,906	509,931	
05/01/28	3,790,000	4.250%	350,000	83,906		
11/01/28	3,440,000		-	76,469	510,375	
05/01/29	3,440,000	4.250%	365,000	76,469		
11/01/29	3,075,000		-	68,713	510,181	
05/01/30	3,075,000	4.250%	380,000	68,713		
11/01/30	2,695,000		-	60,638	509,350	
05/01/31	2,695,000	4.500%	400,000	60,638		
11/01/31	2,295,000		-	51,638	512,275	
05/01/32	2,295,000	4.500%	420,000	51,638		
11/01/32	1,875,000		-	42,188	513,825	
05/01/33	1,875,000	4.500%	435,000	42,188		
11/01/33	1,440,000		-	32,400	509,588	
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	$	2,708,131	$	9,183,131	

Wynnfield Lakes	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds Units
2014	
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)	
	O&M	O&M		Bond 2014	Bond 2014		Total	Total		

Single Family	
372	
369	
$1,400.73	
$1,400.73	
$0.00	
$1,518.48	
$1,518.48	
$0.00	
$2,919.21	
$2,919.21	
$0.00	
Multi Family	204	0	$938.49	$938.49	$0.00	$0.00	$0.00	$0.00	$938.49	$938.49	$0.00	
Total	576	369										

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