Pine Ridge Plantation
Community Development District

Adopted Budget
FY 2027
July 9, 2026

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	Adopted Budget	
Description	FY2026	5/31/26		4 Months		9/30/26	FY 2027	

REVENUES:						
Special Assessments - On Roll	$808,015	$806,101	$3,397	$809,499	$808,015	
Misc. Income/Facility Rental	5,000	4,650	4,975	9,625	5,000	
Interest Earned	15,000	16,767	7,534	24,301	20,000	
Carry Forward Surplus	-	-	233,798	233,798	57,392	
TOTAL REVENUES	$828,015	$827,518	$249,704	$1,077,222	$890,408	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$8,000	$3,600	$2,000	$5,600	$8,000	
FICA Taxes	612	275	153	428	612	
Engineer	8,000	1,900	6,100	8,000	8,000	
Attorney	15,000	3,678	11,322	15,000	15,000	
Annual Audit	3,175	-	3,175	3,175	3,600	
Assessment Administration	6,207	6,207	-	6,207	6,579	
Arbitrage Rebate	600	-	600	600	600	
Dissemination Agent	5,843	3,895	1,948	5,843	6,194	
Trustee Fees	4,434	4,445	-	4,445	4,500	
District Management Fees	57,609	38,406	19,203	57,609	61,066	
Information Technology	1,781	1,187	593	1,781	1,888	
Website Maintenance	1,336	891	445	1,336	1,416	
Telephone	500	77	173	250	250	
Postage & Delivery	1,000	293	707	1,000	1,000	
General Liability and Public Officials Insurance	11,102	10,460	-	10,460	11,506	
Printing & Binding	1,500	236	1,264	1,500	1,500	
Legal Advertising	1,500	350	650	1,000	1,500	
Other Current Charges	900	680	224	903	1,000	
Office Supplies	300	98	50	148	300	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$129,574	$76,852	$48,608	$125,460	$134,685	

Operations & Maintenance						
Grounds Maintenance						
Landscape Maintenance	$171,665	$107,965	$53,983	$161,948	$	171,665	
Lake Maintenance	14,830	7,200	3,600	10,800	14,830	
Electric	3,000	1,345	1,020	2,365	3,000	
Water	26,000	28,456	20,000	48,456	53,500	
Repairs & Maintenance	24,000	22,278	8,000	30,278	32,000	
Irrigation Repairs	3,500	2,817	2,984	5,800	5,000	
Contingencies	1,500	-	1,500	1,500	1,500	
Total Grounds Maintenance	$244,495	$170,061	$91,086	$261,147	$281,495	

Description

Adopted Budget
FY2026

Actuals	Projected	Projected Thru		Next		Thru
5/31/26		4 Months		9/30/26

Adopted Budget
FY 2027

Amenity Center		
Property Insurance	$29,155	$24,563	$-	$24,563	$23,335	
General Facility Maintenance	24,000	23,926	5,000	28,926	30,000	
Repairs & Replacements	24,000	21,264	4,336	25,600	26,000	
Recreational Passes	500	-	850	850	850	
Office Supplies	500	562	-	562	500	
Permit Fees	780	525	-	525	525	
Contingency	1,000	448	500	948	1,000	
Special Events	15,000	11,594	3,406	15,000	15,000	
Security	20,000	3,518	16,482	20,000	14,049	
Utilities
Water & Sewer	
5,400	
2,034	
2,130	
4,164	
5,400	
Electric	25,000	15,777	11,695	27,472	29,000	
Cable/Phone/Internet	7,250	5,438	3,115	8,553	9,360	
Refuse Service	17,760	12,661	7,379	20,040	22,137	
Management Contracts
Amenity Management	
75,760	
50,507	
25,253	
75,760	
80,306	
Facility Assistant	14,000	3,303	10,697	14,000	14,000	
Field Management Services	28,798	19,199	9,599	28,798	30,526	
Lifeguards	21,947	4,693	17,254	21,947	22,605	
Pool Maintenance	18,150	12,100	7,387	19,487	19,693	
Pool Chemicals	23,226	15,077	9,029	24,106	25,000	
Janitorial Service	10,685	7,123	3,562	10,685	11,326	
Janitorial Supplies	5,000	1,868	3,132	5,000	5,000	
Total Amenity Center	$367,911	$236,181	$140,805	$376,986	$385,612	
TOTAL EXPENDITURES	$741,980	$483,094	$280,499	$763,593	$801,792	

Other Sources/(Uses)						
Capital Reserve Transfer Out	(86,035)	(86,035)	-	(259,412.53)	(88,616)	
TOTAL OTHER SOURCES/(USES)	$(86,035)	$(86,035)	$-	$(259,413)	$(88,616)	
						
EXCESS REVENUES (EXPENDITURES)	$-	$258,389	$(30,795)	$54,217	$-	

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.
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.
Carry Forward Surplus
The estimated excess funds at the end of the prior fiscal year that will be brought forward to the following year to reduce assessments.

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 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.

Expenditures - Administrative (continued)

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.
Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Expenditures – Grounds Maintenance

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	$13,901	$166,806	
Contingency		$405	$4,859 	
$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	$900	$10,800	
Fish Stocking		$1,900	
Contingency	$178	$2,130	
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	$40	$480	
8824808	1217-1 Camp Ridge Land	$40	$480	
7371685	4392-1 Pine Ridge Park Irrigation	$40	$480	
8824805	1452-2 Tynes Blvd Entrance	$46	$552	
8837872	1484 Tynes Blvd 2 Irrig Clock/Sign	$45	$540	
	Contingency	$39	$468	
	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	$170	$2,040	
246893	1475-1 Tynes Blvd Reclaimed	$170	$2,040	
248250	4228-1 Pine Ridge Pkwy Reclaimed	$2,500	$30,000	
248496	4354-1 Foggy Day Dr Reclaimed Irrigation	$240	$2,880	
248497	4421-1 Pine Ridge Pkwy Reclaimed	$160	$1,920	
248498	4688-1 Pine Lake Dr Reclaimed	$35	$420	
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	$500	$6,000	
	Contingency	$158	$1,900	
	Total	$4,458	$53,500	
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.

Expenditures – Amenity Center

Property Insurance
The District's Property Insurance policy will be with Florida Insurance Alliance. Egis 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, and Pye-Barker Fire and Safety for annual fire monitoring.
	Vendor	Monthly	Annual	
	Clay County Sheriffs Officers	$1,000	$12,000	
	Safetouch	$90	$1,077	
	Pye-Barker Annual Monitoring		$972	
	Total	$1,090	$14,049	
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	$2,300	$27,600	
Contingency		$117	$1,400 	
Total	$2,417	$29,000	
Cable/Phone/Internet
Cost of cable, telephone and internet service provided by Comcast and AT&T for the Amenity Center.
Refuse Service
This item includes the cost of garbage disposal for the District contracted with Waste Management.

Expenditures – Management Contracts

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

Vendor	Monthly	Annual	
RMS	$6,692	$80,306	
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	$2,544	$30,526	
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	$1,641	$19,693
Pool Chemicals
Poolsure will provide the necessary chemicals for the Amenity Center pool.
Vendor	Monthly	Annual	
PoolSure	$1,734	$20,803	
Contingency	$350	$4,197	
Total	$2,083	$25,000	
Janitorial Service
The District has contracted with Riverside Management Services to provide janitorial services for the Amenity Center.
Vendor	Monthly	Annual
RMS	$944	$11,326
Janitorial Supplies
All supplies needed for janitorial services.

Expenditures – Reserves

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.

Adopted Budget
Debt Service Series 2020A1 & A2 Special Assessment Bonds

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY2026	5/31/26		4 Months		9/30/26	FY 2027	

REVENUES:							

Special Assessments-On Roll	
$926,572	
$924,407	
$3,896	
$928,302	
$926,572	
Interest Earnings	25,000	21,364	5,344	26,708	25,000	
Carry Forward Surplus (1)	248,701	251,040	-	251,040	278,965	
TOTAL REVENUES	$1,200,273	$1,196,811	$9,240	$1,206,051	$1,230,537	

EXPENDITURES:						
Series 2020A1						
Interest 11/1	$86,874	$86,874	$-	$86,874	$81,724	
Interest 5/1	86,874	86,874	-	86,874	81,724	
Principal 5/1	520,000	520,000	-	520,000	530,000	

Series 2020A2						
Interest 11/1	39,169	39,169	-	39,169	36,600	
Interest 5/1	39,169	39,169	-	39,169	36,600	
Principal 5/1	150,000	150,000	-	150,000	155,000	
Prepayment 5/1	-	-	5,000	5,000	-	
TOTAL EXPENDITURES	$922,086	$922,086	$5,000	$927,086	$921,649	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$922,086	$922,086	$5,000	$927,086	$921,649	
						
EXCESS REVENUES (EXPENDITURES)	$278,187	$274,725	$4,240	$278,965	$308,888	

(1) Carry Forward is Net of Reserve Requirement	
A-1 Interest Due 11/1/27	
$76,424.38	
	A-2 Interest Due 11/1/27	$34,042.50	
		$110,466.88	

Series 2020 A-1 Capital Improvement Revenue Refunding Bond Combined

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	6,590,000			81,724	81,724	
05/01/27	6,590,000		530,000	81,724		
11/01/27	6,060,000			76,424	688,149	
05/01/28	6,060,000		540,000	76,424		
11/01/28	5,520,000			71,024	687,449	
05/01/29	5,520,000		555,000	71,024		
11/01/29	4,960,000			65,424	691,449	
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			$6,585,000	$1,083,780	$7,668,780	

Series 2020 A-2 Capital Improvement Revenue Refunding Bond Combined

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	2,030,000.00			36,600.00	36,600.00	
05/01/27	2,030,000.00		155,000.00	36,600.00		
11/01/27	1,875,000.00			34,042.50	225,642.50	
05/01/28	1,875,000.00		160,000.00	34,042.50		
11/01/28	1,715,000.00			31,402.50	225,445.00	
05/01/29	1,715,000.00		165,000.00	31,402.50		
11/01/29	1,550,000.00			28,680.00	225,082.50	
05/01/30	1,550,000.00		170,000.00	28,680.00		
11/01/30	1,380,000.00			25,875.00	224,555.00	
05/01/31	1,380,000.00		175,000.00	25,875.00		
11/01/31	1,205,000.00			22,593.75	223,468.75	
05/01/32	1,205,000.00		185,000.00	22,593.75		
11/01/32	1,020,000.00			19,125.00	226,718.75	
05/01/33	1,020,000.00		190,000.00	19,125.00		
11/01/33	830,000.00			15,562.50	224,687.50	
05/01/34	830,000.00		195,000.00	15,562.50		
11/01/34	635,000.00			11,906.25	222,468.75	
05/01/35	635,000.00		205,000.00	11,906.25		
11/01/35	430,000.00			8,062.50	224,968.75	
05/01/36	430,000.00		210,000.00	8,062.50		
11/01/36	220,000.00			4,125.00	222,187.50	
05/01/37	220,000.00		220,000.00	4,125.00	224,125.00	
Total			$2,030,000	$475,950	$2,505,950	

Adopted Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2026	5/31/26		4 Months		9/30/26	FY 2027	

REVENUES:						
Interest Income	$3,353	$19,999	$10,400	$30,399	$25,000	
Carry Forward Balance	782,435	765,509	-	765,509	1,078,682	
TOTAL REVENUES	$785,788	$785,507	$10,400	$795,907	$1,103,682	

EXPENDITURES:						
Capital Outlay						
Capital Outlay*	$25,000	$-	$-	$-	$126,019	
Repair and Maintenance**	15,525	44,648	17,532	62,180	9,641	
Other Current	600	329	164	493	600	
TOTAL EXPENDITURES	$41,125	$44,977	$17,696	$62,672	$136,260	

Other Sources/(Uses)						
Transfer in/(Out)	$86,035	$86,035	$259,413	$345,448	$88,616	
TOTAL OTHER SOURCES/(USES)	$86,035	$86,035	$259,413	$345,448	$88,616	

EXCESS REVENUES (EXPENDITURES)	$830,698	$826,566	$252,117	$1,078,682	$1,056,038	
*Pool Resurfacing/Tile						
**Filtration Equipment/Fitness Equipment Replacement, Pool and Patio Furniture Allowance

Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	O&M Units	Bonds 2020
Units	
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)	

55'	

390	

390	

$1,166	

$1,166	

$0	

$1,242	

$1,242	

$0	

$2,408	

$2,408	

$0.00	
65'	40	40	$1,166	$1,166	$0	$1,366	$1,366	$0	$2,533	$2,533	$0.00	
70'	194	194	$1,166	$1,166	$0	$1,491	$1,491	$0	$2,657	$2,657	$0.00	
75'+	113	113	$1,166	$1,166	$0	$1,512	$1,512	$0	$2,678	$2,678	$0.00	
Total	737	737			0.00%