Pine Ridge Plantation
Community Development District

Approved Budget
FY2026
May 20, 2025

Table of Contents

1-2

3-6

7-9

10
	General Fund

	Narratives

	Debt Service Fund Series 2020

	Capital Reserve Fund

11		Assessment Schedule

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
Description	FY2025	3/31/25		6 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments - On Roll	$750,976	$741,624	$9,328	$750,953	$808,015	
Misc. Income/Facility Rental	5,000	3,275	8,250	11,525	5,000	
Interest Earned	12,500	13,281	10,000	23,281	15,000	
Carry Forward Surplus	22,756	-	-	-	-	
TOTAL REVENUES	$791,232	$758,181	$27,578	$785,759	$828,015	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$8,000	$2,400	$3,000	$5,400	$8,000	
FICA Taxes	612	184	230	413	612	
Engineer	3,000	4,305	2,000	6,305	8,000	
Attorney	20,000	1,361	8,639	10,000	15,000	
Annual Audit	3,175	-	3,175	3,175	3,175	
Assessment Administration	5,911	5,911	-	5,911	6,207	
Arbitrage Rebate	600	-	600	600	600	
Dissemination Agent	5,565	2,783	2,783	5,565	5,843	
Trustee Fees	4,100	4,041	-	4,041	4,434	
District Management Fees	54,866	27,433	27,433	54,866	57,609	
Information Technology	1,696	848	848	1,696	1,781	
Website Maintenance	1,272	636	636	1,272	1,336	
Telephone	500	54	446	500	500	
Postage & Delivery	1,000	220	780	1,000	1,000	
General Liability and Public Officials Insurance	10,146	9,868	-	9,868	11,102	
Printing & Binding	1,500	103	1,397	1,500	1,500	
Legal Advertising	1,500	89	911	1,000	1,500	
Other Current Charges	600	348	548	896	900	
Office Supplies	300	3	297	300	300	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$124,517	$60,761	$53,721	$114,483	$129,574	

Operations & Maintenance						
Grounds Maintenance						
Landscape Maintenance	$161,948	$80,974	$80,974	$161,948	$	171,665	
Lake Maintenance	14,830	5,250	9,580	14,830	14,830	
Electric	3,000	1,080	1,800	2,880	3,000	
Water	26,000	11,528	12,500	24,028	26,000	
Repairs and Maintenance	22,000	12,726	12,000	24,726	24,000	
Irrigation Repairs	4,000	2,092	1,908	4,000	3,500	
Contingencies	4,451	-	3,500	3,500	1,500	
Total Grounds Maintenance	$236,229	$113,650	$122,262	$235,912	$244,495	

Amenity Center
Property Insurance

$27,728

$26,532

$-	$26,532

$29,155
General Facility Maintenance	24,200	14,106	12,000	26,106	24,000
Repairs & Replacements	24,200	12,626	11,574	24,200	24,000
Recreational Passes	500	-	500	500	500
Office Supplies	500	318	182	500	500
Permit Fees	780	-	780	780	780
Contingency	1,000	-	-	-	1,000
Special Events	15,000	7,533	7,467	15,000	15,000
Security	18,646	8,418	11,102	19,520	20,000
Utilities
Water & Sewer	5,400	2,179	2,800	4,979	5,400
Electric	25,000	10,531	12,000	22,531	25,000
Cable/Phone/Internet	5,900	3,406	3,511	6,917	7,250
Refuse Service	11,040	8,374	8,832	17,206	17,760
Management Contracts
Amenity Management	71,472	35,736	35,736	71,472	75,760
Facility Assistant	14,000	881	13,119	14,000	14,000
Field Management Services	27,168	13,584	13,584	27,168	28,798
Lifeguards	20,511	677	19,834	20,511	21,947
Pool Maintenance	16,500	8,250	8,250	16,500	18,150
Pool Chemicals	22,333	10,256	12,077	22,333	23,226
Janitorial Service	10,080	5,040	5,040	10,080	10,685
Janitorial Supplies	5,000	1,184	3,816	5,000	5,000

Other Sources/(Uses)

Capital Reserve Transfer Out	(83,529)	(83,529)	-	(83,529)	(86,035)

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.
Misc Income/Facility Rental Fees
Includes replacement key deposits and income from residents for rental of facilities for personal use.
Interest
Maintenance Assessment income of the District will be invested in accordance with Florida Statutes and the investment guidelines approved by the Board of Supervisors.

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 and extra 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.
Assessment Roll Administration
GMS LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Arbitrage
The District is required to have an Arbitrage Rebate Calculation on the District’s Series 2020A1 and A2 Capital Improvement Revenue Bonds. Grau and Associates is contracted to provide annual report.
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, 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, 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, LLC and updated monthly.
Telephone
Internet, Phone 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.

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 on estimated premium.
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, amortization schedules 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 Floirda Department of Commerce for $175.

Landscape Maintenance
The District has contracted with Brightview Landscape Services Inc to provide landscaping services to all the common areas within the District.
Vendor	Monthly	Annual	
Brightview Landscape	$14,305	$171,665	
Lake Maintenance
The District has contracted with The Lake Doctors to perform monthly service to include inspections and treats as necessary for the control and prevention of aquatic weeds and algae and RMS for trash pickup.
Vendor	Monthly	Annual	
The Lake Doctor	$875	$10,500	
Fish Stocking		$1,900	
Contingency	$203	$2,430	
Total	$1,078	$14,830	
Electric
The District currently has the following accounts with Clay Electric.
Account #	Vendor	Monthly	Annual	
8824799	4201-1 Pine Ridge Pkwy 1 Irrig Clock	$34	$408	
8824808	1217-1 Camp Ridge Land	$34	$408	
7371685	4392-1 Pine Ridge Park Irrigation	$34	$408	
8824805	1452-2 Tynes Blvd Entrance	$37	$444	
8837872	1484 Tynes Blvd 2 Irrig Clock/Sign	$40	$480	
	Contingency	$71	$852	
	Total	$250	$3,000	
Water
The District currently has the following accounts with CCUA. Budget includes growth for additional use and new accounts.
Account #	Vendor	Monthly	Annual	
246892	1376- tynes Blvd Reclaimed	$150	$1,800	
246893	1475-1 Tyne Blvd Reclaimed	$150	$1,800	
248250	4228-1 Pine Ridge Pkwy Reclaimed	$234	$2,808	
248496	4354-1 Foggy Day Dr Recl Irrigation	$180	$2,160	
248497	4421-1 Pine Ridge Pkwy Reclaimed	$150	$1,800	
248498	4688-1 Pine Lake Dr Reclaimed	$30	$360	
248499	4201-2 Pine Ridge Pkwy Irrigation	$25	$300	
257236	4200-1 Pine Ridge Pkwy Irrigation	$500	$6,000	
260144	4200 Pine Ridge Pkwy Reclaimed	$280	$3,360	
	Contingency	$468	$5,612	
	Total	$2,167	$26,000	
Repair & Maintenance
Regular repair and maintenance of common area which includes pine straw/mulching, tree cutting, pressure washing of common area and backflow testing.
Irrigation Repairs
Miscellaneous irrigation repairs and maintenance cost for the District.
Contingencies
This item includes a contingency for any unanticipated and unscheduled cost to the District.

Property Insurance
The District's Property Insurance policy will be with Preferred Governmental Insurance Trust. PGIT specializes in providing insurance coverage to governmental agencies. This is an estimated premium.
General Facility Maintenance
Cost of routine repairs and maintenance of the District’s Amenity Center.
Repairs and Replacements
Represents any funds that will be used to make repairs and replacements to facility or equipment in the District Amenity Center
Recreation Passes
Represents the estimated cost for access cards to the District’s Amenity Center.

Office Supplies
This item includes the cost of office supplies needed for the operation of the amenity center.
Permit Fees
Represents Permit Fees paid to the Department of Health for the swimming pool.

Contingency
This item includes a contingency for any unanticipated and unscheduled cost to the District, postage for mailing of newsletter to residents, and costs of publishing newsletter and other mailings/emails associated with the amenity center.
Special Events
This item represents the estimated cost for the District to host any special events for the community throughout the Fiscal Year.
Security/Monitoring
The District employs off-duty officers through the Clay County Sheriff’s Office to provide security services for the District. Also contracted with SafeTouch for security monitoring alarm, Keatings Communications for annual monitoring for security cameras and annual cloud storage, and Pye-Barker Fire and Safety for annual fire monitoring.
	Vendor	Monthly	Annual	
	Clay County Sheriffs Officers	$1,000	$12,000	
	Safetouch	$88	$1,057	
	Keatings Communications - Cloud Storage		$3,240	
	Keatings Communications - Security/Monitoring		$1,190	
	Pye-Barker Annual Monitoring		$972	
	Contingency	$128	$1,541	
	Total	$1,217	$20,000	
Expenditures – Utility				
Water
District currently has one account with CCUA for water at the Amenity Center. Budget includes growth for additional use and new accounts.

Account #	Vendor	Monthly	Annual	
257235	4200 Pine Ridge Pkwy Amenity	$390	$4,680	
	Contingency	$60	$720	
	Total	$450	$5,400	
Electric
District currently has one account with Clay Electric for electric at the Amenity Center. Budget includes growth for additional use and new accounts.
Account #  Vendor	Monthly	Annual	
7808611	4200 Pine Ridge Pkwy Amenity	$1,600	$19,200	
Contingency		$483	$5,800 			
Total	$2,083	$25,000	
Cable/Phone/Internet
Cost of cable, telephone and internet service provided by Comcast for the Amenity Center.
Refuse Service
This item includes the cost of garbage disposal for the District contracted with Waste Management.

Amenity Management
Services provided by Riverside Management Services, Inc. to provide management services of amenity center.

Vendor	Monthly	Annual	
RMS	$6,313	$75,760	
Facility Assistant
Services provided by Riverside Management Services, Inc. to provide part time staffing of amenity center.

Vendor	Monthly	Annual	
RMS	$1,167	$14,000	

Field Management Services
The District has contracted with Riverside Management Services, Inc. for the supervision and on-site management of Pine Ridge Plantation.

Vendor	Monthly	Annual	
RMS	$2,400	$28,798	
Lifeguards
The District has contracted with Riverside Management Services, Inc. to provide lifeguard services during pool operation season.
Pool Maintenance
The District has contracted with Riverside Management Services, Inc. to provide pool cleaning and maintenance services. Monthly service is for two cleanings, plus the cost of chemicals. During summer months, cleanings may be increased to three times a week.
Vendor	Monthly	Annual
RMS	$1,513	$18,150
Pool Chemicals
Poolsure will provide the necessary chemicals for the Amenity Center pool.
Vendor	Monthly	Annual	
PoolSure	$1,593	$19,110	
Contingency	$343	$4,116	
Total	$1,936	$23,226	
Janitorial Service
The District has contracted with Riverside Management Services to provide janitorial services for the Amenity Center.
Vendor	Monthly	Annual
RMS	$890	$10,685
Janitorial Supplies
All supplies needed for janitorial services.

Capital Reserve
The District has established a Capital Reserve to fund renewal and replacement of the District’s capital related facilities and equipment. This amount will be transferred to Capital Reserve Fund.
Approved Budget
Debt Service Series 2020A1 & A2 Special Assessment Bonds

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
	Description	FY2025	3/31/25		6 Months		9/30/25	FY 2026	

REVENUES:							

Special Assessments-On Roll	
$926,572	
$915,062	
$11,510	
$926,572	
$926,572		
Interest Earnings	20,000	16,896	14,987	31,883	25,000		
Carry Forward Surplus (1)	221,031	221,798	-	221,798	248,692		
TOTAL REVENUES	$1,167,603	$1,153,756	$26,497	$1,180,253	$1,200,264		

EXPENDITURES:							
Series 2020A1							
Interest 11/1	$92,024	$92,024	$-	$92,024	$86,874		
Interest 5/1	92,024	-	92,024	92,024	86,874		
Principal 5/1	510,000	-	510,000	510,000	520,000		
Prepayment 5/1	-	-	5,000	5,000	-		
Series 2020A2							
Interest 11/1	41,256	41,256	-	41,256	39,169		
Interest 5/1	41,256	-	41,256	41,256	39,169		
Principal 5/1	145,000	-	145,000	145,000	150,000		
Prepayment 5/1	-	-	5,000	5,000	-		
TOTAL EXPENDITURES	$921,561	$133,281	$798,281	$931,561	$922,086		

Other Sources/(Uses)							

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-		
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-		

EXCESS REVENUES (EXPENDITURES)	$246,042	$1,020,475	$(771,783)	$248,692	$278,177	

(1) Carry Forward is Net of Reserve Requirement	
A-1 Interest Due 11/1/26	
$81,674.38				
	A-2 Interest Due 11/1/26	$36,693.75				
		$118,368.13				
Series 2020 A-1 Capital Improvement Revenue Refunding Bond Combined

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	7,105,000			86,874	86,874	
05/01/26	7,105,000		520,000	86,874		
11/01/26	6,585,000			81,674	688,549	
05/01/27	6,585,000		530,000	81,674		
11/01/27	6,055,000			76,374	688,049	
05/01/28	6,055,000		540,000	76,374		
11/01/28	5,515,000			70,974	687,349	
05/01/29	5,515,000		555,000	70,974		
11/01/29	4,960,000			65,424	691,399	
05/01/30	4,960,000		565,000	65,424		
11/01/30	4,395,000			59,421	689,846	
05/01/31	4,395,000		580,000	59,421		
11/01/31	3,815,000			51,809	691,230	
05/01/32	3,815,000		595,000	51,809		
11/01/32	3,220,000			43,999	690,808	
05/01/33	3,220,000		610,000	43,999		
11/01/33	2,610,000			35,993	689,993	
05/01/34	2,610,000		625,000	35,993		
11/01/34	1,985,000			27,790	688,783	
05/01/35	1,985,000		645,000	27,790		
11/01/35	1,340,000			18,760	691,550	
05/01/36	1,340,000		660,000	18,760		
11/01/36	680,000			9,520	688,280	
05/01/37	680,000		680,000	9,520	689,520	
Total			$7,105,000	$1,257,229	$8,362,229	
Series 2020 A-2 Capital Improvement Revenue Refunding Bond Combined

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	2,185,000.00			39,168.75	39,168.75	
05/01/26	2,185,000.00		150,000.00	39,168.75		
11/01/26	2,035,000.00			36,693.75	225,862.50	
05/01/27	2,035,000.00		155,000.00	36,693.75		
11/01/27	1,880,000.00			34,136.25	225,830.00	
05/01/28	1,880,000.00		160,000.00	34,136.25		
11/01/28	1,720,000.00			31,496.25	225,632.50	
05/01/29	1,720,000.00		165,000.00	31,496.25		
11/01/29	1,555,000.00			28,773.75	225,270.00	
05/01/30	1,555,000.00		170,000.00	28,773.75		
11/01/30	1,385,000.00			25,968.75	224,742.50	
05/01/31	1,385,000.00		175,000.00	25,968.75		
11/01/31	1,210,000.00			22,687.50	223,656.25	
05/01/32	1,210,000.00		185,000.00	22,687.50		
11/01/32	1,025,000.00			19,218.75	226,906.25	
05/01/33	1,025,000.00		190,000.00	19,218.75		
11/01/33	835,000.00			15,656.25	224,875.00	
05/01/34	835,000.00		195,000.00	15,656.25		
11/01/34	640,000.00			12,000.00	222,656.25	
05/01/35	640,000.00		205,000.00	12,000.00		
11/01/35	435,000.00			8,156.25	225,156.25	
05/01/36	435,000.00		215,000.00	8,156.25		
11/01/36	220,000.00			4,125.00	227,281.25	
05/01/37	220,000.00		220,000.00	4,125.00	224,125.00	
Total			$2,185,000	$556,163	$2,741,163	
Approved Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
Description	FY2025	3/31/25		6 Months		9/30/25	FY 2026	

REVENUES:						
Interest Income	$3,353	$16,096	$16,200	$32,296	$3,353	
Carry Forward Balance	657,746	752,568	-	752,568	789,831	
TOTAL REVENUES	$661,099	$768,664	$16,200	$784,864	$793,184	

EXPENDITURES:						
Capital Outlay						
Capital Outlay*	$50,000	$-	$-	$-	$25,000	
Streetlights	-	7,425	-	7,425	-	
Parking Light Fixtures	-	1,687	-	1,687	-	
Sports Lighting	-	68,865	-	68,865	-	
Repair and Maintenance	22,380	-	-	-	15,525	
Other Current	500	249	336	585	600	
TOTAL EXPENDITURES	$72,880	$78,226	$336	$78,562	$41,125	

Other Sources/(Uses)						
Transfer in/(Out)	$83,529	$83,529	$-	$83,529	$86,035	
TOTAL OTHER SOURCES/(USES)	$83,529	$83,529	$-	$83,529	$86,035	

EXCESS REVENUES (EXPENDITURES)	$671,748	$773,967	$15,864	$789,831	$838,094	
* Perimeter Lighting						
Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	O&M Units	Bonds 2020
Units	
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)			

55'	

390	

390	

$1,166	

$1,084	

$82	

$1,242	

$1,242	

$0	

$2,408	

$2,326	

$82.37	
65'	40	40	$1,166	$1,084	$82	$1,366	$1,366	$0	$2,533	$2,450	$82.37	
70'	194	194	$1,166	$1,084	$82	$1,491	$1,491	$0	$2,657	$2,575	$82.37	
75'+	113	113	$1,166	$1,084	$82	$1,512	$1,512	$0	$2,678	$2,596	$82.37	
Total	737	737			7.60%