Oakridge	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1		General Fund	

2-3	
	Narratives	

4	
	Debt Service Fund Series 2020	

5	
	Capital Reserve Fund	

6	
	Amortization Schedule	

7	
	Assessment Schedule	

Oakridge	
Community Development District	
Adopted Budget	
General Fund	

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

REVENUES:

Special Assessments - On Roll	$	55,366	$	54,445	$	921	$	55,366	$	55,366	
Interest income	1,000	1,206	392	1,598	1,001	
Misc. Income	-	111	-	111	-	
Carry Forward Surplus	12,260	14,016	-	14,016	12,314	

TOTAL REVENUES	$	68,626	$	69,779	$	1,313	$	71,092	$	68,681	

EXPENDITURES:

Administrative						
Supervisor Fees	$	5,000	$	600	$	3,000	$	3,600	$	6,000	
FICA Taxes	383	46	230	275	459	
Engineering	8,000	1,571	3,429	5,000	7,000	
Attorney	10,000	4,995	3,005	8,000	10,000	
Property Appraiser	1,240	1,236	-	1,236	1,240	
Annual Audit	3,700	3,700	-	3,700	3,800	
Management Fees	20,352	11,872	8,480	20,352	21,370	
Website Maintenance	1,113	649	464	1,113	1,103	
Trustee Fees	4,434	-	4,434	4,434	4,445	
Postage & Delivery	350	19	81	100	200	
Meeting Room Rental	350	-	250	250	350	
Insurance General Liability	10,304	8,295	-	8,295	9,125	
Printing & Binding	100	2	25	27	100	
Legal Advertising	775	-	775	775	775	
Office Supplies	50	0	14	14	50	
Other Current Charges	2,300	667	764	1,431	2,490	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL EXPENDITURES	$	68,626	$	33,826	$	24,951	$	58,778	$	68,681	

EXCESS REVENUES (EXPENDITURES)	$	-	$	35,952	$	(23,638)	$	12,314	$	-	

Product	Assessable Units	Net Assessment	Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase / (Decrease)	

Banyan Oakridge	140	$	12,502	$	13,300	$	95.00	$	95.00	$	-	
Oakridge North	232	20,718	22,040	95.00	95.00	-	
Oakridge South	245	21,879	23,275	95.00	95.00	-	
Banyan Multi	2	268	285	142.50	142.50	-	

TOTAL	619	$	55,366	$	58,900	

Oakridge	
Community Development District	
Budget Narrative	
Fiscal Year 2027	

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.	
Property Appraiser	
The Broward County Board of Commissioners provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Board of Commissioners for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The budget for Board of Commissioners costs was based on a unit price per parcel.	
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.	
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.	
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.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Meeting Room Rental	
The District rent room with the City of Hollywood to conduct board meetings.	

Oakridge	
Community Development District	
Budget Narrative	
Fiscal Year 2027	

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 upon similar Community Development Districts.	
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.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Department of Commerce for $175.	

Oakridge	
Community Development District	
Adopted Budget	
Capital Reserve Fund	

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

REVENUES:

Interest Earnings	$	6,500	$	4,016	$	1,800	$	5,816	$	6,000	
Carry Forward Surplus	178,395	178,498	-	178,498	183,554	

TOTAL REVENUES	$	184,895	$	182,514	$	1,800	$	184,314	$	189,554	

EXPENDITURES:

Capital Improvements	$	-	$	-	$	-	$	-	$	-	
Bank Charges	500	410	350	760	800	

TOTAL EXPENDITURES	$	500	$	410	$	350	$	760	$	800	

EXCESS REVENUES (EXPENDITURES)	$	184,395	$	182,104	$	1,450	$	183,554	$	188,754	

Oakridge	
Community Development District	
Adopted Budget	
Debt Service Series 2020 Special Assessment Bonds	

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

REVENUES:						
Special Assessments-On Roll	$	140,590	$	137,400	$	3,190	$	140,590	$	140,443	
Interest Earnings	1,000	1,603	897	2,500	1,800	
Carry Forward Surplus (1)	35,850	32,585	-	32,585	37,430	

TOTAL REVENUES	$	177,440	$	171,588	$	4,087	$	175,675	$	179,673	

EXPENDITURES:	
Interest - 11/1	
Interest - 5/1	
Principal - 5/1	

$	9,123	$	9,123	$	-	$	9,123	$	8,055	
9,123	-	9,123	9,123	8,055	
120,000	-	120,000	120,000	125,000	

TOTAL EXPENDITURES	$	138,245	$	9,123	$	129,123	$	138,245	$	141,109	

EXCESS REVENUES (EXPENDITURES)	$	39,195	$	162,465	$	(125,035)	$	37,430	$	38,564	

Interest Due 11/1/27	 $	6,942 	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable Units	Net Assessment	Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase / (Decrease)	

Banyan Oakridge	140	$	53,493	$	56,907	$	406.48	$	406.48	$	-	
Oakridge North	231	34,071	$	36,246	$	156.91	$	156.91	-	
Oakridge South	245	51,732	$	55,034	$	224.63	$	224.63	-	
Banyan Multi	2	1,146	$	1,219	$	609.70	$	609.70	-	

TOTAL	618	$	140,443	$	149,407	

Oakridge	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2020 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/20	$	1,605,000	1.780%	$	-	$	10,237	$	10,237	
05/01/21	1,605,000	1.780%	110,000	14,240		
11/01/21	1,495,000	1.780%	-	13,261	137,501	
05/01/22	1,495,000	1.780%	115,000	13,261		
11/01/22	1,380,000	1.780%	-	12,238	140,499	
05/01/23	1,380,000	1.780%	115,000	12,238		
11/01/23	1,265,000	1.780%	5,000	11,214	143,452	
05/01/24	1,260,000	1.780%	115,000	11,214		
11/01/24	1,145,000	1.780%	-	10,191	136,405	
05/01/25	1,145,000	1.780%	120,000	10,191		
11/01/25	1,025,000	1.780%	-	9,123	139,313	
05/01/26	1,025,000	1.780%	120,000	9,123		
11/01/26	905,000	1.780%	-	8,055	137,177	
05/01/27	905,000	1.780%	125,000	8,055		
11/01/27	780,000	1.780%	-	6,942	139,997	
05/01/28	780,000	1.780%	125,000	6,942		
11/01/28	655,000	1.780%	-	5,830	137,772	
05/01/29	655,000	1.780%	125,000	5,830		
11/01/29	530,000	1.780%	-	4,717	135,547	
05/01/30	530,000	1.780%	130,000	4,717		
11/01/30	400,000	1.780%	-	3,560	138,277	
05/01/31	400,000	1.780%	130,000	3,560		
11/01/31	270,000	1.780%	-	2,403	135,963	
05/01/32	270,000	1.780%	135,000	2,403		
11/01/32	135,000	1.780%	-	1,202	138,605	
05/01/33	135,000	1.780%	135,000	1,202	136,202	

Total	$	1,605,000	$	201,943	$	1,806,943	

Oakridge	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026 - 2027	

Neighborhood	O&M Units	Bonds Units
2020	
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)	

Banyan Oakridge	
140	
140	
$95.00	
$95.00	
$0.00	
$406.48	
$406.48	
$0.00	
$501.48	
$501.48	
$0.00	
Oakridge North	232	231	$95.00	$95.00	$0.00	$156.91	$156.91	$0.00	$251.91	$251.91	$0.00	
Oakridge South	245	245	$95.00	$95.00	$0.00	$224.63	$224.63	$0.00	$319.63	$319.63	$0.00	
Banyan Multi	2	2	$142.50	$142.50	$0.00	$609.70	$609.70	$0.00	$752.20	$752.20	$0.00	
Total	619	618										

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