Rhodine Road North
Community Development District

Adopted Budget
FY2027

Table of Contents

1-2	General Fund	

3-8	

General Fund Narrative	

9	

Series 2019 Debt Service Fund	

10-11	

Series 2019 Amortization Schedule	

12	

Series 2022 Debt Service Fund	

13-14	

Series 2022 Amortization Schedule	

15	

Capital Reserve Fund	

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Total Thru 9/30/26	Adopted Budget FY2027	

Revenues						
Assessments - Tax Roll	$	628,057	$	627,326	$	731	$	628,057	$	628,057	
Assessments- Direct	9,403	7,052	2,351	9,403	44,408	
Interest Income	5,000	8,408	6,726	15,134	5,000	
Other Income	-	270	-	270	-	
Total Revenues	$	642,460	$	643,055	$	9,808	$	652,863	$	677,465	
Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,600	
$	3,200	
$	6,800	
$	12,000	
FICA Expense	918	275	220	496	918	
Engineering	12,500	-	5,000	5,000	12,500	
Attorney	20,000	12,960	10,368	23,328	25,000	
Annual Audit	4,900	4,900	4,900	9,800	4,900	
Assessment Administration	5,732	5,732	4,586	10,318	5,732	
Arbitrage	900	450	450	900	900	
Dissemination	7,678	4,452	3,226	7,678	7,678	
Trustee Fees	11,012	4,135	6,877	11,012	11,012	
Management Fees	46,350	30,900	15,450	46,350	48,668	
Information Technology	2,064	1,376	688	2,064	2,167	
Website Maintenance	1,402	935	468	1,402	1,472	
Postage & Delivery	500	179	143	323	500	
Insurance	7,750	7,029	-	7,029	7,750	
Copies	500	8	250	258	500	
Legal Advertising	5,000	3,553	1,500	5,053	2,500	
Other Current Charges	2,500	1,137	910	2,047	1,500	
Office Supplies	500	-	250	250	500	
Reserve Study	-	10	-	-	6,500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative	$	142,381	$	81,807	$	58,486	$	140,282	$	152,872	

Operations & Maintenance Field Expenditures Property Insurance	

$	13,200	

$	7,925	

$	-	

$	7,925	

$	15,261	
Field Management	18,056	12,038	9,630	21,668	22,751	
Landscape Maintenance	130,676	73,291	57,385	130,676	144,596	
Landscape Replacement	20,000	200	15,000	15,200	25,000	
Lake Maintenance	17,820	10,910	8,728	19,638	17,820	
Streetlights	80,000	42,508	34,006	76,514	80,000	
Electric	1,650	760	608	1,369	1,300	
Water & Sewer	20,000	1,362	1,090	2,452	3,000	
Irrigation Repairs	7,500	-	4,500	4,500	5,000	
General Repairs & Maintenance	15,000	7,430	5,944	13,375	20,000	
Holiday Lights	-	-	-	-	7,500	
Contingency	2,500	50	1,500	1,550	2,500	
Subtotal Field Expenditures	$	326,402	$	156,474	$	138,392	$	294,866	$	344,728	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	5/31/26	4 Months	9/30/26	FY2027	

Amenity Expenditures		
Amenity - Electric	$	13,068	$	1,780	$	2,860	$	4,640	$	7,500	
Amenity - Water	2,178	2,648	2,119	4,767	5,000	
Internet	924	566	453	1,019	900	
Playground/Furniture Lease	14,454	6,023	1,205	7,227	-	
Pest Control	1,680	960	768	1,728	1,728	
Janitorial Services	13,130	6,525	5,220	11,745	13,130	
Security Services	15,000	6,500	5,200	11,700	35,000	
Pool Maintenance	21,600	14,800	11,840	26,640	26,500	
Amenity Management	12,875	8,583	6,867	15,450	16,223	
Amenity Repairs & Maintenance	10,000	3,528	2,823	6,351	10,000	
Contingency	5,000	5,373	1,500	6,873	5,000	
Special Projects	45,000	-	-	-	45,000	
Subtotal Amenity Expenditures	$	154,909	$	57,287	$	40,853	$	98,140	$	165,981	
						
Total Operations & Maintenance	$	481,311	$	213,761	$	179,245	$	393,006	$	510,709	

Other Expenditures						
Capital Reserve - Transfer	$	18,767	$	-	$	18,767	$	18,767	$	13,885	
Total Other Expenses	$	18,767	$	-	$	18,767	$	18,767	$	13,885	
						
Total Expenditures	$	642,460	$	295,568	$	256,498	$	552,055	$	677,465	
						
Excess Revenues/(Expenditures)	$	(0)	$	347,487	$	(246,690)	$	100,808	$	0	

Development	
Units	Net
Assessments	Net
Per Unit	Gross
Per Unit	
	Single Family	594	$628,057.09	$1,057.34	$1,124.82	
	Single Family- BA	42	$44,408.28	$1,057.34	$1,124.82	
	Total	636	$672,465.37			
						
			Adoped FY26	Proposed FY27	Net Increase	
		Development	Net per Unit	Net per Unit	/(Decrease)	
		Single Family	$	1,057.33	$	1,057.33	$	-	
		Single Family- BA	$	223.87	$	1,057.33	$	833.46	

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Total Thru 9/30/26	Adopted Budget FY2027	

Revenues						
Assessments - Tax Roll	$	507,737	$	507,073	$	664	$	507,737	$	507,737	
Interest	12,000	16,032	22,445	38,477	12,000	
Carry Forward Surplus	314,926	312,730	-	312,730	17,087	
Total Revenues	$	834,663	$	835,835	$	23,109	$	858,944	$	536,824	

Expenditures						
Interest Expense - 11/1	$	170,619	$	170,619	$	-	$	170,619	$	167,319	
Principal Expense - 5/1	165,000	165,000	165,000	330,000	175,000	
Interest Expense - 5/1	170,619	170,619	170,619	341,238	167,319	
Total Expenditures	$	506,238	$	506,238	$	335,619	$	841,857	$	509,638	
						
Excess Revenues/(Expenditures)	$	328,425	$	329,597	$	(312,510)	$	17,087	$	27,187	

Interest Expense 11/1/27	 $	163,819 
Total	$	163,819

Product	Assessable Units	Total Net Assessments	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - 40'	278	$	326,927	$1,176	$1,251	
Single Family - 50'	123	$	180,810	$1,470	$1,564	
	401	$	507,737			

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Total Thru 9/30/26	Adopted Budget FY2027	

Revenues						
Assessments - Tax Roll	$	260,220	$	259,880	$	340	$	260,220	$	260,220	
Interest	5,000	7,563	15,126	22,689	5,000	
Carry Forward Surplus	121,624	120,435	-	120,435	(41,534)	
Total Revenues	$	386,844	$	387,878	$	15,466	$	403,344	$	223,686	

Expenditures						
Interest Expense - 11/1	$	78,293	$	78,293	$	-	$	78,293	$	76,928	
Principal Expense - 5/1	105,000	105,000	105,000	210,000	105,000	
Interest Expense - 5/1	78,293	78,293	78,293	156,586	76,928	
Total Expenditures	$	261,585	$	261,586	$	183,293	$	444,878	$	258,855	
						
Excess Revenues/(Expenditures)	$	125,259	$	126,293	$	(167,827)	$	(41,534)	$	(35,169)	

Interest Expense 11/1/27	 $	75,563 
Total	$	75,563

Product	Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family 40	97	$	116,320	$1,199	$1,276	
Single Family 50	96	$	143,900	$1,499	$1,595	
	193	$	260,220			

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Total Thru 9/30/26	Adopted Budget FY2027	

Revenues

Interest
Carry Forward Surplus	

$	-
$	22,509	

$	-
$	68,361	

$	-	$
$	-	$	

- 68,361	

$	-
$	87,128	
Total Revenues	$	22,509	$	68,361	$	-	$	68,361	$	87,128	

Expenditures

Capital Outlay	

$	-	

$	-	

$	-	$	

-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	18,767	

$	18,767	

$	-	$	

18,767	

$	13,885	
Total Other Financing Sources/(Uses)	$	18,767	$	18,767	$	-	$	18,767	$	13,885	

Excess Revenues/(Expenditures)	$	41,276	$	87,128	$	-	$	87,128	$	101,013