Orchid Grove
Community Development District

FY2026
Adopted Budget
August 14, 2025

	Table of Contents	

1-2		General Fund Budget	

3-6	
	General Fund Budget Narrative	

7	
	Debt Service Fund Budget - Series 2015	

8	
	Amortization Schedule - Series 2015	

9	
	Debt Service Fund Budget - Series 2022	

10	
	Amortization Schedule - Series 2022	

	FY 2025
Amended	Actual
thru	Projected
Next	Total
Projected at	FY 2026
Adopted	
 Description			Budget		  7/31/25 	  2 Months 	9/30/25	Budget	

Revenues						
						
Maintenance Assessments	$569,597	$578,555	$0	$578,555	$587,177	
Interest/Miscellaneous Income	$750	$8,342	$1,500	$9,842	$5,000	
Unassigned Fund Balance	$72,396	$72,063	$0	$72,063	$81,222	
Total Revenues	$642,743	$658,960	$1,500	$660,460	$673,399	

Expenditures						
						
Administrative						
Supervisor Fees	$12,000	$7,800	$2,000	$9,800	$12,000	
FICA Payable	$918	$597	$153	$750	$918	
Engineering	$16,350	$8,725	$1,745	$10,470	$16,350	
Dissemination	$2,500	$2,083	$417	$2,500	$2,675	
Arbitrage	$600	$600	$0	$600	$600	
Attorney	$25,000	$18,267	$8,096	$26,362	$25,000	
Annual Audit	$4,500	$3,800	$0	$3,800	$3,900	
Trustee Fees	$8,500	$4,041	$4,364	$8,405	$8,728	
Property Appraiser	$1,000	$858	$0	$858	$1,000	
Management Fees	$37,850	$31,542	$6,308	$37,850	$40,499	
Assessment Roll	$2,500	$2,500	$0	$2,500	$2,675	
Computer Time	$1,000	$833	$167	$1,000	$1,070	
Website Compliance	$1,000	$833	$167	$1,000	$1,070	
Telephone	$25	$0	$15	$15	$25	
Postage	$500	$351	$70	$421	$500	
Insurance	$7,040	$6,856	$0	$6,856	$8,113	
Printing & Binding	$250	$125	$25	$150	$250	
Legal Advertising	$1,200	$340	$500	$840	$1,600	
Other Current Charges	$500	$172	$34	$206	$500	
Reserve Study	$0	$3,920	$0	$3,920	$0	
Office Supplies	$175	$0	$0	$0	$175	
Dues, Licenses	$175	$175	$0	$175	$175	
Capital Outlay	$0	$0	$0	$0	$0	
Total Administrative	$123,582	$94,418	$24,061	$118,479	$127,823	

Description		FY 2025
Amended
	Budget		Actual thru
  7/31/25 	Projected Next
  2 Months 	Total Projected at
9/30/25	FY 2026
Adopted Budget	
Field						
Field Management	$11,576	$9,647	$1,929	$11,576	$12,386	
FPL-Electric Lift Stations A/B	$12,411	$7,250	$1,450	$8,700	$11,767	
FPL- Lighting Agreement	$44,000	$35,913	$7,183	$43,096	$46,923	
Lift Station	$20,000	$4,887	$977	$5,864	$13,061	
Lake Maintenance	$0	$8,687	$1,156	$9,844	$6,939	
Contingency-Iguana/Duck Removal	$10,000	$0	$5,212	$5,212	$13,300	
Capital Outlay	$40,000	$0	$40,000	$40,000	$40,000	
Total Field	$137,987	$66,384	$57,908	$124,292	$144,376	

Clubhouse Operating and Maintenance						
						
Management - Castle	$30,000	$25,000	$5,000	$30,000	$30,000	
Management - HOA Support	$78,540	$66,628	$13,483	$80,111	$80,111	
Insurance	$31,497	$19,789	$0	$19,789	$19,620	
Water Utilities	$10,262	$4,969	$994	$5,962	$5,849	
Electric Utilities	$19,505	$13,729	$2,746	$16,475	$18,208	
Security	$34,620	$20,595	$3,411	$24,006	$20,468	
Cable/Wifi/Alarm	$750	$0	$750	$750	$750	
Pool Maintenance	$17,500	$21,024	$4,120	$25,144	$20,000	

Clubhouse Operating and Maintenance (continued)	

 

Plant Replacement/Mulch	$5,000	$0	$5,000	$5,000	$5,000	
Landscape Maintenance - Clubhouse	$45,000	$38,288	$7,725	$46,013	$46,350	
Building Supplies Maintenance	$13,500	$2,221	$2,500	$4,721	$7,500	
Fitness Equipment	$10,000	$1,368	$1,500	$2,868	$5,000	
Repair/Replacement	$12,000	$16,351	$3,270	$19,622	$17,500	
Miscellaneous Maintenance	$23,000	$5,290	$717	$6,007	$23,000	
Capital Outlay	$50,000	$42,644	$7,357	$50,000	$84,265	
Capital Reserve	$0	$0	$0	$0	$17,580	

Total Clubhouse O&M	$381,174	$277,895	$58,572	$336,467	$401,201	
		
Total Expenditures	$642,743	$438,697	$140,541	$579,238	$673,399	
		
Assigned Fund Balance	$0	$220,264	($139,041)	$81,222	$0	

Option #1
	FY2023		FY2024		FY2025	FY2026	
Net Assessments	$347,206.86		$569,596.68		$569,596.68	
	$587,177.09	
Plus Tax Collector Fees (2%)	$7,387.38		$12,119.08		$12,119.08		$12,493.13	
Plus Discounts (4%)	$14,774.76		$24,238.16		$24,238.16		$24,986.26	
Gross Assessments	$369,369.00		$605,953.92		$605,953.92		$624,656.48	
No. of Units	429		429		429		429	
Per Unit Assessments	$861.00		$1,412.48		$1,412.48		$1,456.08	

Orchid Grove
Community Development District Budget Narrative
Fiscal year 2026

REVENUES

Maintenance Assessments
It is presently anticipated that the District will levy a Maintenance Assessment to all landowners within the District to funding the Operations and Maintenance for the fiscal year.
Interest/Miscellaneous Income
The District will have all excess funds invested with the State Board of Administration. The Amount is based upon the estimated average balance of funds available during the fiscal year.

Expenditures-Administrative

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 12 annual meetings.
FICA Expense
Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination
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.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.
Trustee Fees
The District has issued Series 2015 bonds which are held with a Trustee at US Bank and a Series 2022 which are held with a trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.
Property Appraiser
The fee charged by the Broward County Property Appraiser for extending the Special Assessment on the county tax roll for tax year 2024.

Assessment Roll
The District receives Annual Assessment Administration of 1% of assessments not to exceed $5,000 Annually by GMS- SF, LLC. The fees of
$2,500 proposed is a discounted rate proposed by GMS-SF,LLC.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.

Administrative: (continued)

Computer Time
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 Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website by October 1, 2015 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.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc. in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field Expenditures:

Management
The District has a contract with GMS, S. FL for the everyday management of the community.
FPL-Electric Lift Stations A/B
The District has two lift stations at 649 S Cypress Road which Florida Power & Light supply electric to, currently operating at 100% and Decorative lights throughout the District.

FPL-Lighting Agreements (20yrs)
The District has a lighting facility at 651 S. Cypress Rd. Phase 1 which Florida Powers & Light supply electric to, with a 20yr contract at $390.00 per month.

The District has a lighting facility at 651 S. Cypress Rd. Phase 2 which Florida Powers & Light supply electric to, with a 20yr contract at
$865.00 per month.

The District has a Decorative Lights at 651 SW 1st Avenue which on average is $1,066. Per month.

The District will also be adding new lights throughout the year which will run about another $15,000 in electrical expenses.

 Lift Station/Lake Maintenance
The District currently contracts with Allstate Resource Management for Lake Maintenance. The contract is $348 per month. In addition, the District contracts with Pump Station Maintenance for Lift Station Service, the contact is $220 per month per lift station.
Contingency
Unscheduled repairs and maintenance to the District’s Facilities throughout the community.
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.

Clubhouse Maintenance Expenditures:

Management
The District has a contract with Castle Management for the everyday management of the community.

Clubhouse Attendant
The District has a contract with Castle Management for club attendants.

Insurance
The District's General Liability, Property and Flood Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Water Utilities
The City of Pompano Beach supplies Water/Sewer services to the District.

Electric Utilities
Florida Power and Light supplies the District with electrical services.
Security
The District reimburses Orchid Grove Association $1,600 for security services to the Clubhouse.

Clubhouse Expenditures (Continued):

Cable/Wi-Fi/Alarm
The District pays TEM System for the gate house cloud subscription.
Pool Maintenance
The District has a contract with B&B Pools, Inc. for the maintenance of the pool.
Landscape Maintenance – Clubhouse
The District reimburses a portion to the Orchid Grove Association for the maintenance of the landscape around the Clubhouse.
Plant Replacement/Mulch
The District has a contract with B&R Industries, Inc. for plant replacement and mulch replacing around the Clubhouse.
Building Supplies Maintenance
These are expenses are related to the supplies and maintenance of the Clubhouse.
Fitness Equipment
The District has a contract with The Fitness Solution, Inc. for the maintenance of fitness equipment in the Clubhouse.
Repair and Replacement
Regular maintenance and replacements Miscellaneous Maintenance Unscheduled maintenance and repairs. 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.

Adopted Budget
Series 2015 Special Assessment Refunding Bonds

FY 2025
Amended
 Description	Budget		Actual thru
  7/31/25 	Projected Next
  2 Months 	Total Projected at
  9/30/25 	FY 2026
Adopted
	Budget		

Revenues:					
Special Assessments	$444,311	$451,299	$0	$451,299	$444,311	
Interest Income	$0	$14,891	$2,978	$17,870	$10,000	
Carry Forward Surplus (1)	$254,212	$251,561	$0	$251,561	$273,229	
Total Revenues	$698,522	$717,751	$2,978	$720,729	$727,540	

Expenditures					
Series 2015
Interest - 11/1	$98,750	
$98,750	
$0	
$98,750	
$93,125	
Interest - 5/1	$98,750	$98,750	$0	$98,750	$93,125	
Principal - 5/1	$250,000	$250,000	$0	$250,000	$260,000	
Total Expenditures	$447,500	$447,500	$0	$447,500	$446,250	
					
Excess Revenues/(Expenditures) $251,022	$270,251	$2,978	$273,229	$281,290	

(1) Carry Forward Surplus is Net of the Reserve Fund Requirement.	11/1/2026 Interest	$86,625

Net Assessments
Plus Tax Collector Fees (2%) Plus Discounts (4%)
Gross Assessments No. of Units
Units
TH-Park (OK)	157
TH-Park (OH)	41
TH-City (OM)	75
TH-City (OI)	41
TH-Lakes (OL)	83
TH-Lakes (OL)	18
TH-Lakes (OJ)	13	

Per Unit Assessment

$1,050.86
$1,016.45
$1,131.35
$1,069.97
$1,207.37
$1,207.37
$1,180.54	FY2026	
		$444,311	
		$9,453	
			$18,907 	
		$472,671	
		428	
		Total	
		$164,985	
		$41,674	
		$84,851	
		$43,869	
		$100,212	
		$21,733	
		$15,347	
Total	428		$472,671	

Amortization Schedule
Series 2015, Special Assessment Refunding Bonds

	DATE		PRINCIPAL
	BALANCE		
	RATE		
	INTEREST		
	PRINCIPAL		
	TOTAL		

01-May-25	
$3,975,000.00	
4.500%	
$	
98,750.00	
$	
250,000.00	
$	
-	
01-Nov-25	$3,725,000.00	4.500%	$	93,125.00	$	-	$	441,875.00	
01-May-26	$3,725,000.00	5.000%	$	93,125.00	$	260,000.00	$	-	
01-Nov-26	$3,465,000.00	5.000%	$	86,625.00	$	-	$	439,750.00	
01-May-27	$3,465,000.00	5.000%	$	86,625.00	$	275,000.00	$	-	
01-Nov-27	$3,190,000.00	5.000%	$	79,750.00	$	-	$	441,375.00	
01-May-28	$3,190,000.00	5.000%	$	79,750.00	$	290,000.00	$	-	
01-Nov-28	$2,900,000.00	5.000%	$	72,500.00	$	-	$	442,250.00	
01-May-29	$2,900,000.00	5.000%	$	72,500.00	$	300,000.00	$	-	
01-Nov-29	$2,600,000.00	5.000%	$	65,000.00	$	-	$	437,500.00	
01-May-30	$2,600,000.00	5.000%	$	65,000.00	$	315,000.00	$	-	
01-Nov-30	$2,285,000.00	5.000%	$	57,125.00	$	-	$	437,125.00	
01-May-31	$2,285,000.00	5.000%	$	57,125.00	$	335,000.00	$	-	
01-Nov-31	$1,950,000.00	5.000%	$	48,750.00	$	-	$	440,875.00	
01-May-32	$1,950,000.00	5.000%	$	48,750.00	$	350,000.00	$	-	
01-Nov-32	$1,600,000.00	5.000%	$	40,000.00	$	-	$	438,750.00	
01-May-33	$1,600,000.00	5.000%	$	40,000.00	$	370,000.00	$	-	
01-Nov-33	$1,230,000.00	5.000%	$	30,750.00	$	-	$	440,750.00	
01-May-34	$1,230,000.00	5.000%	$	30,750.00	$	390,000.00	$	-	
01-Nov-34	$	840,000.00	5.000%	$	21,000.00	$	-	$	441,750.00	
01-May-35	$	840,000.00	5.000%	$	21,000.00	$	410,000.00	$	-	
01-Nov-35	$	430,000.00	5.000%	$	10,750.00	$	-	$	441,750.00	
01-May-36	$	430,000.00	5.000%	$	10,750.00	$	430,000.00	$	440,750.00	
			Total		 $1,309,500.00 	 $3,975,000.00 	 $5,284,500.00 	

Orchid Grove
Community Development District
Adopted Budget
Series 2022 Special Assessment Refunding Bonds

FY 2025
Amended
 Description	Budget		Actual thru
  7/31/25 	Projected Next
  2 Months 	Total Projected at
  9/30/25 	FY 2026
Adopted
	Budget		

Revenues:					
Special Assessments	$93,986	$95,464	$0	$95,464	$93,986	
Interest Income	$0	$1,398	$280	$1,678	$0	
Carry Forward Surplus (1)	$18,842	$13,558	$0	$13,558	$16,063	
Total Revenues	$112,828	$110,420	$280	$110,700	$110,048	

Expenditures					
Series 2022					
Interest - 11/1	$12,319	$12,319	$0	$12,319	$11,104	
Interest - 5/1	$12,319	$12,319	$0	$12,319	$11,104	
Principal - 5/1	$70,000	$70,000	$0	$70,000	$70,000	
Total Expenditures	$94,637	$94,637	$0	$94,637	$92,208	
					
Excess Revenues/(Expenditure	$18,191	$15,783	$280	$16,063	$17,840	

(1) Carry Forward Surplus is Net of the Reserve Fund Requirement.	11/1/2026 Interest	$ 9,889.50

Net Assessments
Plus Tax Collector Fees (2%) Plus Discounts (4%)
Gross Assessments No. of Units
Units
TH-Park (OK)	198
TH-City	116
TH-Lake	114	

Per Unit Assessment

$233.61
$233.61
$233.61	FY2026	
		$93,985.98	
		$1,999.70	
			$3,999.40 	
		$99,985.08	
		428	
		Total	
		$46,254.78	
		$27,098.76	
		$26,631.54	
Total	428		$99,985.08	

Orchid Grove
Community Development District Amortization Schedule
Series 2022, Special Assessment Refunding Bonds

	DATE		PRINCIPAL
	BALANCE		
	RATE		
	INTEREST		
	PRINCIPAL		
	TOTAL		

01-May-25	
$	
710,000.00	
3.47%	
$	
12,318.50	
$	
70,000.00	
$	
-	
01-Nov-25	$	640,000.00	3.47%	$	11,104.00	$	-	$	93,422.50	
01-May-26	$	640,000.00	3.47%	$	11,104.00	$	70,000.00	$	-	
01-Nov-26	$	570,000.00	3.47%	$	9,889.50	$	-	$	90,993.50	
01-May-27	$	570,000.00	3.47%	$	9,889.50	$	75,000.00	$	-	
01-Nov-27	$	495,000.00	3.47%	$	8,588.25	$	-	$	93,477.75	
01-May-28	$	495,000.00	3.47%	$	8,588.25	$	75,000.00	$	-	
01-Nov-28	$	420,000.00	3.47%	$	7,287.00	$	-	$	90,875.25	
01-May-29	$	420,000.00	3.47%	$	7,287.00	$	80,000.00	$	-	
01-Nov-29	$	340,000.00	3.47%	$	5,899.00	$	-	$	93,186.00	
01-May-30	$	340,000.00	3.47%	$	5,899.00	$	80,000.00	$	-	
01-Nov-30	$	260,000.00	3.47%	$	4,511.00	$	-	$	90,410.00	
01-May-31	$	260,000.00	3.47%	$	4,511.00	$	85,000.00	$	-	
01-Nov-31	$	175,000.00	3.47%	$	3,036.25	$	-	$	92,547.25	
01-May-32	$	175,000.00	3.47%	$	3,036.25	$	85,000.00	$	-	
01-Nov-32	$	90,000.00	3.47%	$	1,561.50	$	-	$	89,597.75	
01-May-33	$	90,000.00	3.47%	$	1,561.50	$	90,000.00	$	91,561.50	
				Total			$116,071.50 		$710,000.00 		$826,071.50