Orchid Grove
Community Development District

FY2026
Approved Budget
May 8, 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

Orchid Grove
Community Development District Proposed Budget
General Fund

Revenues

Maintenance Assessments Interest/Miscellaneous Income Unassigned Fund Balance

$569,597
$750
$72,396

$564,559
$4,100
$72,025

$5,037
$3,750
$0

$569,597
$7,850
$72,025

$587,177
$5,000
$81,222

Expenditures

Administrative Supervisor Fees FICA Payable Engineering Dissemination Arbitrage Attorney Annual Audit Trustee Fees
Property Appraiser Management Fees Assessment Roll Computer Time Website Compliance Telephone
Postage Insurance
Printing & Binding Legal Advertising Other Current Charges Reserve Study
Office Supplies Dues, Licenses Capital Outlay

$12,000
$918
$16,350
$2,500
$600
$25,000
$4,500
$8,500
$1,000
$37,850
$2,500
$1,000
$1,000
$25
$500
$7,040
$250
$1,200
$500
$0
$175
$175
$0

$5,600
$428
$8,725
$1,458
$0
$11,907
$3,800
$4,041
$858
$22,079
$2,500
$583
$583
$0
$241
$6,856
$105
$0
$36
$1,960
$0
$175
$0

$5,000
$383
$3,063
$1,042
$600
$11,907
$0
$4,364
$0
$15,771
$0
$417
$417
$25
$172
$0
$75
$1,508
$26
$0
$0
$0
$0

$10,600
$811
$11,788
$2,500
$600
$23,813
$3,800
$8,405
$858
$37,850
$2,500
$1,000
$1,000
$25
$412
$6,856
$180
$1,508
$62
$1,960
$0
$175
$0

$12,000
$918
$16,350
$2,675
$600
$25,000
$3,900
$8,728
$1,000
$40,499
$2,675
$1,070
$1,070
$25
$500
$8,113
$250
$1,600
$500
$0
$175
$175
$0

Page 1

Total Administrative	$123,582	$71,935	$44,767	$116,702	$127,823

Total Revenues	$642,743	$640,685	$8,787	$649,472	$673,399

FY 2025	Actual	Projected		Total		FY 2026 Amended		thru		Next	Projected at	Approved
 Description			Budget		 4/30/25 	 5 Months 	9/30/25	Budget

Orchid Grove
Community Development District Proposed Budget
General Fund

Field

Field Management
FPL-Electric Lift Stations A/B FPL- Lighting Agreement
Lift Station
Lake Maintenance
Contingency-Iguana/Duck Removal Capital Outlay

$11,576
$12,411
$44,000
$20,000
$0
$10,000
$40,000

$6,753
$5,348
$24,977
$747
$2,384
$8,687
$0

$4,823
$5,348
$17,841
$747
$3,469
$5,212
$40,000

$11,576
$10,697
$42,818
$1,494
$5,853
$13,900
$40,000

$12,386
$11,767
$46,923
$13,061
$6,939
$13,300
$40,000

Total Field

$137,987

$48,896

$77,441

$126,338

$144,376

Clubhouse Operating and Maintenance

Management - Castle Management - HOA Support Insurance
Water Utilities Electric Utilities Security Cable/Wifi/Alarm Pool Maintenance

$30,000
$78,540
$31,497
$10,262
$19,505
$34,620
$750
$17,500

$17,500
$46,404
$19,789
$3,102
$9,656
$15,478
$0
$12,470

$12,500
$33,707
$0
$2,215
$6,897
$8,528
$750
$6,550

$30,000
$80,111
$19,789
$5,317
$16,553
$24,006
$750
$19,020

$30,000
$80,111
$19,620
$5,849
$18,208
$20,468
$750
$20,000

Clubhouse Operating and Maintenance (continued)

Plant Replacement/Mulch Landscape Maintenance - Clubhouse Building Supplies Maintenance Fitness Equipment Repair/Replacement
Miscellaneous Maintenance Capital Outlay
Capital Reserve

$5,000
$45,000
$13,500
$10,000
$12,000
$23,000
$50,000
$0

$0
$26,700
$1,401
$1,243
$9,636
$2,744
$29,850
$0

$5,000
$19,313
$2,500
$1,500
$6,883
$2,744
$20,150
$0

$5,000
$46,013
$3,901
$2,743
$16,519
$5,488
$50,000
$0

$5,000
$46,350
$7,500
$5,000
$17,500
$23,000
$84,265
$17,580

Option #1

Page 2

FY 2025	Actual	Projected		Total		FY 2026 Amended		thru		Next	Projected at	Approved
 Description			Budget		 4/30/25 	 5 Months 	9/30/25	Budget

FY2023	FY2024	FY2025

FY2026

Net Assessments Plus Tax Collector Fees (2%) Plus Discounts (4%)
Gross Assessments
No. of Units Per Unit Assessments

$347,206.86
$7,387.38
$14,774.76

$569,596.68
$12,119.08
$24,238.16

$569,596.68
$12,119.08
$24,238.16

$587,177.37
$12,493.14
$24,986.27

$369,369.00
429
$861.00

$605,953.92
429
$1,412.48

$605,953.92
429
$1,412.48

$624,656.78
429
$1,456.08

Total Clubhouse O&M	$381,174	$195,973	$129,237	$325,210	$401,201

Total Expenditures	$642,743	$316,805	$251,445	$568,250	$673,399

Assigned Fund Balance	$0	$323,880	($242,658)	$81,222	$0

Orchid Grove
Community Development District Budget Narrative
Fiscal year 2026

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.

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.

Page 3

Expenditures-Administrative

REVENUES

Orchid Grove
Community Development District Budget Narrative
Fiscal Year 2026

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.

Page 4

Administrative: (continued)

Orchid Grove
Community Development District Budget Narrative
Fiscal Year 2026

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.

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.

Page 5

Clubhouse Maintenance Expenditures:

Field Expenditures:

Orchid Grove
Community Development District Budget Narrative
Fiscal Year 2026

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.

Page 6

Clubhouse Expenditures (Continued):

Orchid Grove
Community Development District
Proposed Budget
Series 2015 Special Assessment Refunding Bonds

Revenues:

Special Assessments Interest Income
Carry Forward Surplus (1)

$444,311
$0
$254,212

$440,381
$10,021
$251,561

$3,929
$7,158
$0

$444,311
$17,179
$251,561

$444,311
$10,000
$265,551

Expenditures

Series 2015 Interest - 11/1 Interest - 5/1 Principal - 5/1

$98,750
$98,750
$250,000

$98,750
$0
$0

$0
$98,750
$250,000

$98,750
$98,750
$250,000

$93,125
$93,125
$260,000

11/1/2026 Interest

$86,625

(1) Carry Forward Surplus is Net of the Reserve Fund Requirement.

Page 7

Net Assessments
Plus Tax Collector Fees (2%) Plus Discounts (4%)
Gross Assessments No. of Units
Units		Per Unit Assessment
TH-Park (OK)	157	$1,050.86
TH-Park (OH)	41	$1,016.45
TH-City (OM)	75	$1,131.35
TH-City (OI)	41	$1,069.97
TH-Lakes (OL)	83	$1,207.37
TH-Lakes (OL)	18	$1,207.37
TH-Lakes (OJ)	13	$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

Excess Revenues/(Expenditures) $251,022	$603,213	($337,663)	$265,551	$273,611

Total Expenditures	$447,500	$98,750	$348,750	$447,500	$446,250

Total Revenues	$698,522	$701,963	$11,087	$713,051	$719,861

FY 2025	Actual	Projected		Total		FY 2026 Amended		thru		Next	Projected at	Approved
 Description	Budget		 4/30/25 	 5 Months 	 9/30/25 		Budget	

Orchid Grove
Community Development District Amortization Schedule
Series 2015, Special Assessment Refunding Bonds

PRINCIPAL
	BALANCE	

	DATE	

	RATE	

	INTEREST	

	PRINCIPAL	

	TOTAL	

01-May-25
01-Nov-25
01-May-26
01-Nov-26
01-May-27
01-Nov-27
01-May-28
01-Nov-28
01-May-29
01-Nov-29
01-May-30
01-Nov-30
01-May-31
01-Nov-31
01-May-32
01-Nov-32
01-May-33
01-Nov-33
01-May-34
01-Nov-34
01-May-35
01-Nov-35
01-May-36

$3,975,000.00
$3,725,000.00
$3,725,000.00
$3,465,000.00
$3,465,000.00
$3,190,000.00
$3,190,000.00
$2,900,000.00
$2,900,000.00
$2,600,000.00
$2,600,000.00
$2,285,000.00
$2,285,000.00
$1,950,000.00
$1,950,000.00
$1,600,000.00
$1,600,000.00
$1,230,000.00
$1,230,000.00

4.500%
4.500%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

98,750.00
93,125.00
93,125.00
86,625.00
86,625.00
79,750.00
79,750.00
72,500.00
72,500.00
65,000.00
65,000.00
57,125.00
57,125.00
48,750.00
48,750.00
40,000.00
40,000.00
30,750.00
30,750.00
21,000.00
21,000.00
10,750.00
10,750.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

250,000.00
- 260,000.00
- 275,000.00
- 290,000.00
- 300,000.00
- 315,000.00
- 335,000.00
- 350,000.00
- 370,000.00
- 390,000.00
- 410,000.00
- 430,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 441,875.00
- 439,750.00
- 441,375.00
- 442,250.00
- 437,500.00
- 437,125.00
- 440,875.00
- 438,750.00
- 440,750.00
- 441,750.00
- 441,750.00
440,750.00

$
$
$
$

840,000.00
840,000.00
430,000.00
430,000.00

Page 8

	Total		 $1,309,500.00 	 $3,975,000.00 	 $5,284,500.00 

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

Revenues:

Special Assessments Interest Income
Carry Forward Surplus (1)

$93,986
$0
$18,842

$93,155
$966
$13,558

$831
$460
$0

$93,986
$1,426
$13,558

$93,986
$0
$14,332

Expenditures

Series 2022 Interest - 11/1 Interest - 5/1 Principal - 5/1

$12,319
$12,319
$70,000

$12,319
$0
$0

$0
$12,319
$70,000

$12,319
$12,319
$70,000

$11,104
$11,104
$70,000

(1) Carry Forward Surplus is Net of the Reserve Fund Requirement.

11/1/2026 Interest

$

9,889.50

Page 9

Net Assessments
Plus Tax Collector Fees (2%) Plus Discounts (4%)
Gross Assessments No. of Units
Units		Per Unit Assessment
TH-Park (OK)	198	$233.61
TH-City	116	$233.61
TH-Lake	114	$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

Excess Revenues/(Expenditure	$18,191	$95,360	($81,027)	$14,332	$16,110

Total Expenditures	$94,637	$12,319	$82,319	$94,637	$92,208

Total Revenues	$112,828	$107,678	$1,291	$108,969	$108,318

FY 2025	Actual	Projected		Total		FY 2026 Amended		thru		Next	Projected at	Approved
 Description	Budget		 4/30/25 	 5 Months 	 9/30/25 		Budget	

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

PRINCIPAL
	BALANCE	

	DATE	

	RATE	

	INTEREST	

	PRINCIPAL	

	TOTAL	

01-May-25
01-Nov-25
01-May-26
01-Nov-26
01-May-27
01-Nov-27
01-May-28
01-Nov-28
01-May-29
01-Nov-29
01-May-30
01-Nov-30
01-May-31
01-Nov-31
01-May-32
01-Nov-32
01-May-33

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

710,000.00
640,000.00
640,000.00
570,000.00
570,000.00
495,000.00
495,000.00
420,000.00
420,000.00
340,000.00
340,000.00
260,000.00
260,000.00
175,000.00
175,000.00
90,000.00
90,000.00

3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%
3.47%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

12,318.50
11,104.00
11,104.00
9,889.50
9,889.50
8,588.25
8,588.25
7,287.00
7,287.00
5,899.00
5,899.00
4,511.00
4,511.00
3,036.25
3,036.25
1,561.50
1,561.50

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

70,000.00
- 70,000.00
- 75,000.00
- 75,000.00
- 80,000.00
- 80,000.00
- 85,000.00
- 85,000.00
- 90,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 93,422.50
- 90,993.50
- 93,477.75
- 90,875.25
- 93,186.00
- 90,410.00
- 92,547.25
- 89,597.75
91,561.50

Page 10

	Total			$116,071.50 		$710,000.00 		$826,071.50