Wynnfield Lakes
Community Development District

Adopted Budget
FY 2027

Table of Contents

1-2

3

4-8

9-10

	General Fund

	Capital Reserve Fund

	Narratives

	Debt Service Fund Series 2026

11		Assessment Schedule

REVENUES:		
Special Assessments - On Roll	$	659,082	$	661,673	$	-	$	661,673	$	659,083	
Interest income	10,000	15,173	4,800	19,973	8,000	
Clubhouse Income	2,530	4,199	4,000	8,199	5,000	
Carry Forward Surplus	16,756	91,616	-	91,616	62,786	
TOTAL REVENUES	$  688,368	$  772,661	$	8,800	$  781,461	$  734,869	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	6,000	$	5,200	$	1,000	$	6,200	$	6,000	
FICA Taxes	459	398	77	474	459	
Engineering	10,500	4,039	6,461	10,500	10,815	
Attorney (KVW)	20,000	22,782	2,218	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	975	192	1,167	1,237	
Trustee Fees (US Bank)	5,215	-	5,215	5,215	5,215	
Management Fees (GMS)	55,424	41,568	13,856	55,424	58,749	
Information Technology	1,800	1,350	450	1,800	1,854	
Website Maintenance	1,000	750	250	1,000	1,060	
Telephone	250	-	250	250	250	
Postage & Delivery	300	183	50	233	300	
Travel & Per Diem	100	1,091	50	1,141	100	
Meeting Room	1,500	2,000	1,000	3,000	2,100	
Insurance General Liability	10,091	9,502	-	9,502	10,452	
Printing & Binding	750	302	100	402	750	
Legal Advertising	1,000	3,471	500	3,971	1,700	
Other Current Charges	882	818	270	1,088	883	
Office Supplies	150	0	25	25	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$  125,968	$  103,209	$	32,564	$  135,773	$  137,073	

Operations & Maintenance						
Field Expenditures
Property Insurance (FIA)	
$	17,418	
$	15,650	
$	-	
$	15,650	
$	17,215	
Utilities - Irrigation (JEA)	10,000	8,552	4,448	13,000	13,000	
Field Operations Management (Vesta Property)	29,561	22,171	7,390	29,561	30,596	
Security Service/Monitoring (Fidelity Security)	58,840	50,867	27,525	78,392	78,392	
Landscape Maintenance (Bland Landscaping)	68,640	51,489	17,163	68,652	70,712	
Landscape Contingency	21,835	15,384	6,451	21,835	21,835	
Lake Maintenance (Solitude)	10,665	6,948	3,717	10,665	10,665	
Irrigation Maintenance (Kohen)	10,000	6,899	3,101	10,000	10,000	
Repairs & Replacements	12,500	2,536	9,964	12,500	12,500	
Refuse Service (Waste Management)	3,600	2,910	690	3,600	3,600	
Stormwater User Fees	1,140	-	1,140	1,140	1,140	
Animal Control	15,100	12,406	2,694	15,100	15,100	
Contingency	10,000	2,300	7,700	10,000	10,000	
TOTAL FIELD EXPENDITURES	$  269,299	$  198,113	$	91,982	$  290,095	$  294,754	

Amenity Expenditures		
Amenity Center Management (Vesta Property)	$	83,353	$	62,514	$	20,838	$	83,352	$	86,270	
Facility Attendants (Vesta Property)	12,618	9,464	3,155	12,618	13,060	
General Facility Maintenance (Vesta Property)	19,302	14,477	4,826	19,302	19,978	
Utilities - Electric (JEA)	15,000	9,277	5,723	15,000	15,000	
Utilities - Water & Sewer (JEA)	6,600	4,029	2,571	6,600	6,600	
Telephone/Internet & Cable (Comcast)	5,760	5,657	1,723	7,380	7,380	
Repairs & Replacements	15,000	8,673	6,327	15,000	16,736	
Fitness Equipment Maintenance	1,360	1,195	1,305	2,500	2,500	
Fitness Center Supplies	1,000	-	1,000	1,000	1,000	
Pool Maintenance (Vesta Property)	15,473	11,605	3,868	15,473	16,015	
Pool Chemicals (PoolSure)	15,000	9,390	5,610	15,000	15,000	
Janitorial Service/Supplies (Vesta Property)	9,754	7,315	2,439	9,754	10,095	
Office Supplies / Mailings / Printings	1,250	276	974	1,250	1,250	
Operating Supplies	4,500	2,842	1,658	4,500	4,500	
Permit Fees	1,800	1,857	-	1,857	1,800	
Special Events	10,000	6,622	3,378	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	$  158,790	$	65,396	$  224,186	$  232,684	
						
TOTAL EXPENDITURES	$  618,535	$  460,112	$  189,941	$  650,053	$  664,511	

Other Sources/(Uses)						
Interfund Transfer In/(Out)	$	30,000	$	31,211	$	-	$	31,211	$	-	
Capital Reserve Funding - Transfer Out	(99,833)	(99,833)	-	(99,833)	(70,358)	
TOTAL OTHER SOURCES/(USES)	$	(69,833)	$	(68,622)	$	-	$	(68,622)	$	(70,358)	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$  243,927	$  (181,141)	$	62,786	$	-	

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		
$ 712,521.86	
Less Collection Fees & Discounts (7.5%)	 $  53,439.14 	
Net Assessment	$ 659,082.72	

Adopted Budget Capital Reserve Fund

Adopted Budget FY2026

Actuals Thru	Projected Next  Projected Thru
6/30/26

Description

	3 Months	

9/30/26

Adopted Budget FY 2027

REVENUES:

Interest Income
Carry Forward Balance	$	10,909
245,173	$	9,237
246,180	$	3,000
-	$	12,237
246,180	$	7,000
350,362	
TOTAL REVENUES	$	256,083	$	255,416	$	3,000	$	258,416	$	357,362	

EXPENDITURES:						
Improvements
Replacement ADA Transfer Station Other Current Charges	$	70,358
- 800	$	-
3,570
567	$	-
3,570
180	$	-
7,140
747	$	70,358
- 800	
TOTAL EXPENDITURES	$	71,158	$	4,137	$	3,750	$	7,887	$	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)	$	284,758	$	351,112	$	(750)	$	350,362	$	356,562	

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 Refunding
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.

Adopted Budget

Adopted Budget FY2026

Actuals Thru	Projected Next  Projected Thru
6/30/26

Description

	3 Months	

9/30/26

Adopted Budget FY 2027

Debt Service Series 2026 Refunding and Revenue Bonds

REVENUES:

Special Assessments-On Roll Interest Earnings
Carry Forward Surplus (1)	$	-
500
-	$	-	$	-
-	500
-	-	$	-
500
-	$	590,283
1,000
52,273	
TOTAL REVENUES	$	500	$	-	$	500	$	500	$	643,556	

EXPENDITURES:					

Interest - 11/01 Interest - 05/01 Principal - 05/01	
$	-	$	-	$	-	$	-	$	51,773
-	-	-	-	96,074
-	-	-	-	400,000	
TOTAL EXPENDITURES	$	-	$	-	$	-	$	-	$	547,847	

Other Sources/(Uses)

Interfund transfer In/(Out) Bond Proceeds	

$		-	$	-		$		-	$		-	$	- 51,773			-		51,773		51,773			-	
TOTAL OTHER SOURCES/(USES)	$	51,773	$	-	$	51,773	$	51,773	$	-	
		
EXCESS REVENUES (EXPENDITURES)	$	52,273	$	-	$	52,273	$	52,273	$	95,709	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$	88,134

Parcel	Assessable		Gross		FY26	FY27		Increase / Units	Assessment	Gross Per Unit  Gross Per Unit	(Decrease)	
Single Family	368	$	607,476.00	$	1,518.48	$	1,650.75	$	132.27	
Single Family PD*	3	$	632.04	$	-	$	210.68	$	210.68	
Single Family PPD**	1	$	1,238.89	$	1,084.32	$	1,238.89	$	154.57	
Multi Family	204	$	28,796.64	$	-	$	141.16	$	141.16	
Total	576	$ 638,143.57				

Gross Assessment		
$	638,143.57		
Less Collection Fees & Discounts (7.5%)		 $	47,860.77 		
Net Assessment		$	590,282.80		

* SF PD - Fully prepaid existing debt assessments				
** SF PPD - Partially prepaid extisting debt assessments				

AMORTIZATION SCHEDULE
Debt Service Series 2026 Refunding and Revenue Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service		

07/24/26	
$	4,840,000	
3.970% $	
-	
$	
-	
$	-		
11/01/26	4,840,000	3.970%			51,773	51,773	
05/01/27	4,840,000	3.970%	400,000		96,074		-	
11/01/27	4,440,000	3.970%			88,134	584,208	
05/01/28	4,440,000	3.970%	420,000		88,134		-	
11/01/28	4,020,000	3.970%			79,797	587,931	
05/01/29	4,020,000	3.970%	435,000		79,797		-	
11/01/29	3,585,000	3.970%			71,162	585,959	
05/01/30	3,585,000	3.970%	450,000		71,162		-	
11/01/30	3,135,000	3.970%			62,230	583,392	
05/01/31	3,135,000	3.970%	475,000		62,230		-	
11/01/31	2,660,000	3.970%			52,801	590,031	
05/01/32	2,660,000	3.970%	490,000		52,801		-	
11/01/32	2,170,000	3.970%			43,075	585,876	
05/01/33	2,170,000	3.970%	510,000		43,075		-	
11/01/33	1,660,000	3.970%			32,951	586,026	
05/01/34	1,660,000	3.970%	535,000		32,951		-	
11/01/34	1,125,000	3.970%			22,331	590,282	
05/01/35	1,125,000	3.970%	550,000		22,331		-	
11/01/35	575,000	3.970%			11,414	583,745	
05/01/36	575,000	3.970%	575,000		11,414	586,414	
Total		$	4,840,000	$	1,075,636	$	5,915,636	

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

Neighborhood	O&M Units	Bonds Units
2014	Bonds Units
2026	
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 2026	Bond 2014	Bond 2026		Total	Total		

Single Family	

368	

368	

368	

$1,400.73	

$1,400.73	

$0.00	

$0.00	

$1,650.75	

$1,518.48	

$0.00	

$132.27	

$3,051.48	

$2,919.21	

$132.27	
Single Family PD*	3	3	3	$1,400.73	$1,400.73	$0.00	$0.00	$210.68	$0.00	$0.00	$210.68	$1,611.41	$1,400.73	$210.68	
Single Family PPD**	1	1	1	$1,400.73	$1,400.73	$0.00	$0.00	$1,238.89	$1,084.32	$0.00	$154.57	$2,639.62	$2,485.05	$154.57	
Multi Family	204	0	204	$938.49	$938.49	$0.00	$0.00	$141.16	$0.00	$0.00	$141.16	$1,079.65	$938.49	$141.16	
Total	576	372	576												
* SF PD - Fully prepaid existing debt assessments
** SF PPD - Partially prepaid extisting debt assessments

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