Enclave at Black Point Marina	
Community Development District	

Proposed Budget	
FY 2026	

Table of Contents

1-2		General Fund

3-4		Narratives

5		Debt Service Fund Series 2017

6		Amortization Schedule Series 2017

7		Assessment Schedule
5	
Enclave at Black Point Marina	
Community Development District	
Proposed Budget	
General Fund	

TOTAL ADMINISTRATIVE	$100,369	$35,690	$45,904	$81,772	$104,911	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$214,320	$205,176	$9,144	$214,320	$268,233	
Interest Income	3,000	2,976	4,167	7,143	5,000	
Carry Forward Surplus	81,326	-	65,689	65,689	$40,997	

TOTAL REVENUES	$298,646	$208,153	$79,000	$287,153	$314,230	

EXPENDITURES:

Administrative		
Supervisor Fees	$6,000	$800	$1,600	$2,400	$6,000	
FICA Taxes	459	61	122	184	459	
Engineering	7,000	-	4,083	4,083	7,000	
Attorney	20,000	3,383	6,765	10,148	20,000	
Annual Audit	3,500	3,500	-	3,500	3,600	
Dissemination Agent	2,675	1,115	1,560	2,675	2,862	
Trustee Fees	5,000	-	5,000	5,000	5,000	
Management Fees	39,350	16,396	22,954	39,350	42,105	
Information Technology	1,200	500	700	1,200	1,200	
Website Maintenance	1,200	500	700	1,200	1,200	
Telephone	150	-	88	88	150	
Postage & Delivery	500	62	44	106	500	
Meeting Room	360	-	360	360	600	
Insurance General Liability	9,800	8,969	-	8,969	9,800	
Printing & Binding	750	53	250	303	500	
Legal Advertising	1,000	-	1,000	1,000	2,760	
Other Current Charges	500	177	323	500	500	
Office Supplies	500	-	292	469	500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Outlay	250	-	63	63	-	

Enclave at Black Point Marina	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY 2026	

Operations & Maintenance						
Field Expenditures						
Field Management	$	13,886	$5,786	$8,101	$13,886	$	14,859	
Security	24,000	4,317	14,000	18,317	24,000	
Internet	1,800	643	1,157	1,800	1,800	
Virtual Guard Monitoring	9,500	-	5,542	5,542	9,500	
Landscape Maintenance	30,000	12,421	17,579	30,000	30,000	
Landscape Replacement	20,000	-	11,667	11,667	20,000	
Lake/Canal Maintenance	10,000	1,580	2,212	3,792	10,000	
Fountains Maintenance	7,500	600	3,000	3,600	7,500	
Repairs & Maintenance	5,000	4,485	5,800	10,285	15,000	
Irrigation Repairs	5,000	-	2,917	2,917	5,000	
Pressure Washing	5,000	4,400	-	4,400	5,000	
Porter Service	15,360	6,400	8,960	15,360	15,360	
Capital Outlay/Fountain Replacement	20,000	-	11,667	11,667	20,000	
Contingency	30,000	20,093	9,907	30,000	30,000	
Property Insurance	1,230	1,152	-	1,152	1,300	
TOTAL FIELD EXPENDITURES	$198,276	$61,877	$102,507	$164,384	$209,319	

TOTAL EXPENDITURES	$298,646	$97,567	$148,412	$246,156	$314,230	

EXCESS REVENUES (EXPENDITURES)	$0	$110,586	$(69,412)	$40,997	$(0)	

Enclave at Black Point Marina	
Community Development District	
Budget Narrative	

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.	

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.	
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.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased
by Governmental Management Services – South Florida, 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-SF, 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.	
Meeting Room	
Cost to rent seminar room.	
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.	

Enclave at Black Point Marina	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	
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.	
Capital Outlay	
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District
files.	

Expenditures – Field	
Field Management	
Governmental Management Services - South Florida provides supervision and on-site management of the District. The
responsibilities include reviewing contracts and other maintenance related items.	
Security	
The District will have Off-Duty Miami-Dade Police conducting paroles of the community.	
Internet	
The District has a contract with Comcast for internet services.	
Virtual Guard Monitoring	
The District has contracts with Envera for monitoring the entrance.	
Landscape Maintenance	
The District has contracted Tony’s Nursery & Garden for the monthly maintenance of common areas.	
Landscape Replacement	
The cost associated with any replacement of landscaping during the year.	
Lake/Canal Maintenance	
The District has contracted with The Lake Doctors for the monthly maintenance of the three (3) District lakes and canals for a monthly fee of $316.00.	
Fountains Maintenance	
The District has contracted with The Lake Doctors for repairs and maintenance of the District fountains.	
Repairs & Maintenance	
Any miscellaneous repairs not included in another budget line item.	
Irrigation Repairs	
Miscellaneous irrigation repairs and maintenance throughout the District.	
Pressure Washing	
Pressure washing of sidewalks and walkways.	
Porter Service	
The District has contracted with Tony’s Nursery & Garden for these services.	
Capital Outlay/Fountain Replacement	
Represents any capital expenditures associated with any fountain replacement during the Fiscal Year.	
Contingency	
Represents any unforeseen expenditures the District may incur during the Fiscal Year.	
Property Insurance	
Property coverage for fountains and physical assets of the District.	

Enclave at Black Point Marina	
Community Development District	
Proposed Budget	
Debt Service Series 2017 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$229,368	$219,582	$9,786	$229,368	$222,663	
Interest Earnings	5,000	6,124	8,574	14,698	5,000	
Carry Forward Surplus (1)	159,433	152,842	-	152,842	176,196	

TOTAL REVENUES	$393,801	$378,548	$18,360	$396,908	$403,858	

EXPENDITURES:

Interest - 11/1	$42,856	$42,856	$-	$42,856	$40,663	
Interest - 5/1	42,856	-	42,856	42,856	40,663	
Principal - 5/1	135,000	-	135,000	135,000	140,000	

TOTAL EXPENDITURES	$220,713	$42,856	$177,856	$220,713	$221,325	

TOTAL EXPENDITURES	$220,713	$42,856	$177,856	$220,713	$221,325	

EXCESS REVENUES (EXPENDITURES)	$173,089	$335,692	$(159,497)	$176,196	$182,533	

Interest Due 11/1/26	$40,662.50	
	$40,662.50	

(1) Carry Forward is Net of Reserve Requirement

Enclave at Black Point Marina	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2017 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/25	2,100,000	3.250%	-	40,663	218,518.75	
05/01/26	2,100,000	3.500%	140,000	40,663		
11/01/26	1,960,000	3.500%	-	38,213	218,875.00	
05/01/27	1,960,000	3.750%	145,000	38,213		
11/01/27	1,815,000	3.750%	-	35,494	218,706.25	
05/01/28	1,815,000	3.750%	150,000	35,494		
11/01/28	1,665,000	3.750%	-	32,681	218,175.00	
05/01/29	1,665,000	3.750%	160,000	32,681		
11/01/29	1,505,000	3.750%	-	29,681	222,362.50	
05/01/30	1,505,000	3.750%	165,000	29,681		
11/01/30	1,340,000	3.750%	-	26,588	221,268.75	
05/01/31	1,340,000	3.750%	170,000	26,588		
11/01/31	1,170,000	4.000%	-	23,400	219,987.50	
05/01/32	1,170,000	4.000%	175,000	23,400		
11/01/32	995,000	4.000%	-	19,900	218,300.00	
05/01/33	995,000	4.000%	185,000	19,900		
11/01/33	810,000	4.000%	-	16,200	221,100.00	
05/01/34	810,000	4.000%	190,000	16,200		
11/01/35	620,000	4.000%	-	12,400	218,600.00	
05/01/35	620,000	4.000%	200,000	12,400		
11/01/35	420,000	4.000%	-	8,400	220,800.00	
05/01/36	420,000	4.000%	205,000	8,400		
11/01/36	215,000	4.000%	-	4,300	217,700.00	
05/01/37	215,000	4.000%	215,000	4,300	219,300.00	

Total	$2,100,000	$575,838	$2,853,694	

Enclave at Black Point Marina
Community Development District
Non-Ad Valorem Assessments Comparison 2025-2026

Option A

Product Type	O&M Units	Bonds
Units 2017	
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	

240	

240	

$1,176.46	

$940.00	

$236.46	

$976.59	

$1,006.00	

-$29.41	

$2,153.05	

$1,946.00	

$207.05	
Total	240	240										

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