Bannon Lakes
Community Development District Approved Budget
FY 2027

June 16, 2026
Presented by:

Table of Contents

1-2

3-6

7-8

9-10

11-12

13

	General Fund

	Narratives

	Debt Service Fund Series 2016

	Debt Service Fund Series 2021

	Debt Service Fund Series 2022

	Capital Reserve Fund

14		Assessment Schedule

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

REVENUES:						
Special Assessments - On Roll	$1,087,348	$1,087,860	$0	$1,087,860	$1,087,348	
Commercial - On Roll	2,436	2,436	-	2,436	2,290	
Interest income	15,000	7,974	3,878	11,852	10,000	
Facility Revenue	2,500	3,300	1,500	4,800	4,000	
Miscellaneous Revenue	-	155	-	155	-	
TOTAL REVENUES	$1,107,284	$1,101,725	$5,378	$1,107,103	$1,103,638	

EXPENDITURES:						
Administrative						
Supervisor Fees	$12,000	$7,400	$4,000	$11,400	$12,000	
FICA Taxes	918	566	306	872	918	
Engineering	10,000	3,421	6,579	10,000	10,000	
Attorney	18,000	7,709	10,291	18,000	18,000	
Annual Audit	4,015	-	4,015	4,015	4,015	
Assessment Administration	8,348	8,348	-	8,348	8,848	
Arbitrage Rebate	1,800	3,000	-	3,000	1,650	
Dissemination Agent	10,029	6,686	3,343	10,029	10,630	
Trustee Fees	18,700	21,782	(6,400)	15,382	18,700	
Management Fees	57,974	38,649	19,324	57,974	61,452	
Information Technology	2,123	1,415	708	2,123	2,250	
Website Maintenance	1,415	943	472	1,415	1,500	
Telephone	200	299	140	439	500	
Postage & Delivery	750	1,202	400	1,602	2,000	
Meeting Room	1,000	-	-	-	1,000	
Insurance General Liability	8,971	7,885	-	7,885	9,262	
Printing & Binding	1,000	414	586	1,000	1,000	
Legal Advertising	1,000	483	517	1,000	1,000	
Other Current Charges	500	483	17	500	500	
Office Supplies	250	5	16	21	250	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$159,167	$110,868	$44,313	$155,181	$165,651	
Operations & Maintenance						
Amenity Center						
Insurance	$30,581	$27,946	$0	$27,946	$26,040	
Utilities
Phone/Internet/Cable	
4,300	
2,543	
1,272	
3,815	
4,300	
Electric	25,000	14,603	8,471	23,074	25,000	
Water/Irrigation	15,000	6,392	5,608	12,000	15,000	
Refuse	4,266	3,021	1,692	4,713	4,920	
Security
Security Monitoring	
6,694	
4,753	
2,298	
7,051	
7,100	
Off-Duty Security -Roll Kall	12,000	19,213	6,400	25,613	21,000	
Access Cards	1,000	743	-	743	1,000	
Management Contracts
Facility Management	
81,467	
54,311	
27,156	
81,467	
83,911	
Facility Attendant	8,820	759	8,061	8,820	9,261	
Field Mgmt / Admin	30,000	20,000	10,000	30,000	31,500	

Description

Adopted Budget FY2026

Actuals	Projected	Projected
Thru	Next	Thru	Approved Budget
5/31/26		4 Months		9/30/26	FY 2027

Pool Maintenance	14,865	9,910	4,955	14,865	15,608	
Pool Chemicals	12,679	6,319	3,681	10,000	12,679	
Janitorial	10,188	6,608	3,388	9,996	10,188	
Janitorial Supplies	1,840	-	1,840	1,840	1,840	
Facility Maintenance	40,000	26,240	13,760	40,000	40,000	
Repairs & Maintenance	55,000	41,714	13,286	55,000	55,000	
Special Events	15,000	5,805	9,195	15,000	15,000	
Holiday Decorations	5,000	3,925	1,075	5,000	5,000	
Fitness Center Repairs/Supplies	7,000	2,498	4,502	7,000	7,000	
Office Supplies	1,500	1,076	424	1,500	1,500	
ASCAP/BMI Licenses	500	-	-	-	500	
Pest Control	3,800	2,080	1,650	3,730	3,800	
Nuisance Animal Control	4,788	6,336	2,996	9,332	9,500	
TOTAL AMENITY CENTER	$391,288	$266,794	$131,711	$398,505	$406,647	
Grounds Maintenance						
Hydrology Quality/Mitigation	$28,000	$11,050	$16,950	$28,000	$28,000	
Landscape Maintenance	188,916	125,944	$62,972	188,916	188,916	
Landscape Contingency	45,000	18,419	26,581	45,000	45,000	
Tree Removal	15,000	650	1,000	1,650	15,000	
Lake Maintenance	10,234	6,560	3,280	9,840	10,234	
Grounds Maintenance	19,600	13,078	6,522	19,600	21,000	
Pump Repairs	10,000	-	500	500	10,000	
Streetlights	13,000	8,309	4,261	12,570	13,000	
Streetlight Repairs	5,000	-	2,500	2,500	5,000	
Irrigation Repairs	15,000	13,415	5,000	18,415	20,000	
Miscellaneous	5,000	-	5,000	5,000	5,000	
Reclaim Water	40,000	31,255	17,728	48,983	48,000	
Storm Cleanup	4,000	-	4,000	4,000	4,000	
Contingency	-	-	10,364	10,364	-	
TOTAL GROUNDS MAINTENANCE	$398,750	$228,681	$166,658	$395,338	$413,150	
TOTAL EXPENDITURES	$949,205	$606,343	$342,681	$949,024	$985,448	

Other Sources/(Uses)						
Capital Reserve	($158,079)	($158,079)	$0	($158,079)	($118,190)	
TOTAL OTHER SOURCES/(USES)	$(158,079)	$(158,079)	$-	$(158,079)	$(118,190)	
						
EXCESS REVENUES (EXPENDITURES)	$-	$337,304	$(337,304)	$-	$-	

REVENUES

Special Assessments
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. There may also be direct bills paid by developers to cover the rest.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.
Facility Revenue
Income received from residents for rental of clubroom, patio, access cards or special events deposits.
Miscellaneous
Miscellaneous income received on behalf of the District.

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 12 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.
Assessment Roll Administration
Governmental Management Services LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District's Series 2016, Debt Series 2021 and Debt Series 2022 Special Assessment Revenue Bonds.
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 issued Series 2016, Series 2021, and Series 2022 Special Assessment Revenue Bonds which are held with a Trustee at BNY Mellon. The amount of the trustee fees is based on the agreement between BNY Mellon and the District.
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 Governmental Mangement Services, LLC and updated monthly.
Telephone
Phone, internet and fax service for Office.

Expenditures - Administrative (continued)

Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Meeting Room
The estimated cost for the District to seek out venue to hold board meeting.
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 budgeted represents the estimated premium for general liability insurance for the District.
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 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 Florida Department of Commerce for $175.

Expenditures – Amenity Center

Insurance
The District's Property insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.
Phone/Internet/Cable
The District will provide internet & cable television services for the Amenity Center through AT&T.
Vendor	Address	Monthly	Annual	
AT&T	435 Bannon Lakes Blvd Amenity	$243	$2,916	
AT&T	Amenity Business office	$75	$899	
	Contingency	$40	$485	
	Total	$358	$4,300	
Electric
The cost of electric associated with the Recreation Facility.
Vendor	Address	Monthly	Annual	
FPL	435 Bannon Lakes Blvd Amenity	$1,515	$18,180	
FPL	35 Bannon Lakes Blvd Entr	$36	$432	
FPL	435 Bannon Lakes Blvd Fitness	$250	$3,000	
	Contingency	$282	$3,388	
	Total	$2,083	$25,000	
Water/Irrigation
Water, sewer and irrigation systems cost for the district.
Vendor	Address	Monthly	Annual	
SJCUD	435 Bannon Lakes Blvd	$988	$11,856	
	Contingency	$262	$3,144	
	Total	$1,250	$15,000	

Refuse Service
Cost of garbage disposal service will be provided by Republic Services #687 for the District.
Security Monitoring
The District will contract with vendor to provide security monitoring for the Amenity Center.
Off-Duty Security Monitoring
The District will use St Johns County Sheriff's Office off-duty deputies for security patrols of District property and uses RollKall for payment processing.
Access Cards
Represents the estimated cost for access cards purchased by the District’s Amenity Center.

Expenditures – Amenity Center (continued)

Facility Management
Cost to provide management services for the Amenity Center.
Vendor	Monthly	Annual
Riverside Mgmt Services	$6,993	$83,911
Facility Attendance
Cost to provide help for Facility Manager during summer weekend hours contracted with Riverside Management Services.
Field Management and Admin
The District will contract Riverside Management Services, Inc. for onsite field management of contracts for District Services such as landscaping, amenity & pool facilities, lake maintenance, etc.
Vendor	Monthly	Annual
Riverside Mgmt Services	$2,625	$31,500
Pool Maintenance
The estimated amount based on proposed contract with Riverside Management Services, Inc. to provide maintenance of the Amenity Center swimming pool.
Vendor	Monthly	Annual	
Riverside Mgmt Services	$1,301	$15,608	
Pool Chemicals
The estimated amount based on proposed contract with Riverside Management Services and Poolsure to provide chemicals to maintain the Amenity Center swimming pool.
Janitorial
The estimated amount based on proposed contract with High Tech Commercial Cleaning to provide janitorial services for the Amenity Center.
Vendor	Monthly	Annual	
High Tech Commercial Cleaning	$847	$10,164	
Contingency	$2	$24	
Total	$849	$10,188	
Janitorial Supplies
All supplies needed for janitorial services of the Amenity Center.
Facility Maintenance
The estimated amount based on proposed contract with vendor to provide routine repairs and maintenance for the Amenity Center.
Repair & Maintenance
Regular maintenance and replacement cost incurred by the Amenity Center of the District.
Special Events
Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.
Holiday Decorations
Represents estimated costs for the District to decorate the amenity center throughout the Fiscal Year.
Fitness Center Repairs/Supplies
Represents estimated costs for the Fitness Center repairs of equipment, purchase of supplies, and preventative maintenance contract.
Office Supplies and Equipment
Represents estimated cost for office supplies for the Amenity Center.

ASCAP/BMI Licenses
License fee required to broadcast music to the amenity center.
Pest Control
The District is contracted with Freedom Pest Control for pest control services.
Nuisance Animal Control
The District is contracted with QuickCatch for hog trapping and removal services.

Expenditures – Grounds Maintenance

Hydrology Quality/Mitigation
Cost to preserve beneficial aquatic plants in the wetland mitigation area and control nuisance and exotic pest plant populations.
Landscape Maintenance
Cost to maintain the common areas of the District based on a proposed contract with Landcare Group, Inc.
Vendor	Monthly	Annual
Landcare Group	$15,743	$188,916
Landscape Contingency
Other landscape costs that is not under contract which includes landscape light repairs and replacements.
Tree Removal
This item represents the estimated costs of removing any trees throughout the fiscal year.
Lake Maintenance
Cost for the maintenance of District lakes based on a contract.
Vendor	Monthly	Annual
Lake Doctors	$853	$10,234
Grounds Maintenance
Contracted staff for repairs and trash pick-up on District owned property.
Pump Repairs
Provision for pool pump repair or replacements as needed.
Streetlights
FPL provides the District street lighting cost for the community. The amount is based upon the agreemnt plus estimated cost for fuel charges.
Vendor	Address	Monthly	Annual	
FPL	100 International Golf Prkwy	$912	$10,944	
	Contingency	$171	$2,056	
	Total	$1,083	$13,000	
Streetlight Repairs
Estimated costs for street lighting and parking lot repairs and replacements.
Irrigation Repairs
Miscellaneous irrigation repairs and maintenance cost for the District.
Miscellaneous
Any unanticipated and unscheduled maintenance cost to the District.
Reclaimed Water
Reclaimed water Services for the District provided by St. Johns County Utility Department.

Vendor	Address	Monthly	Annual	
SJCUD	35 Bannon Lakes Blvd Entr	$2,500	$30,000	
	435 Bannon Lakes Blvd Fitness	$1,000	$12,000	

Storm Cleanup

Contingency		$500	$6,000 
Total	$4,000	$48,000

Estimated cost for any cleanup due to inclement weather.
Capital Reserve
The District will establish a reserve to fund the renewal and replacement of District’s capital related facilities transferred to Capital Reserve Fund.

Approved Budget
Debt Service Series 2016 Special Assessment Revenue Bonds

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

REVENUES:							

Special Assessments-On Roll	
$740,176	
$738,830	
$0	
$738,830	
$738,830	
Interest Earnings	30,000	21,930	4,360	26,290	20,000	
Carry Forward Surplus (1)	660,772	697,182	-	697,182	695,002	
TOTAL REVENUES	$1,430,948	$1,457,942	$4,360	$1,462,302	$1,453,832	

EXPENDITURES:	

Interest - 11/1	
$254,050	
$254,050	
$-	
$254,050	
$248,000	
Principal - 11/1	230,000	230,000	-	230,000	240,000	
Special Call - 11/1	-	25,000	-	25,000	182,582	
Interest - 5/1	248,875	248,250	-	248,250	242,000	
Special Call - 5/1	-	10,000	-	10,000	-	
TOTAL EXPENDITURES	$732,925	$767,300	$-	$767,300	$912,582	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$732,925	$767,300	$-	$767,300	$912,582	
						
EXCESS REVENUES (EXPENDITURES)	$698,023	$690,642	$4,360	$695,002	$541,250	

(1) Carry Forward is Net of Reserve Requirement	
Interest Due 11/1/27	
$242,000	
	Principal Due 11/1/27	250,000	
		$492,000	

Debt Service Series 2016 Special Assessment Revenue Bonds
Term Bonds Due Combined

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	9,920,000		240,000	248,000	488,000	
05/01/27	9,680,000		-	242,000	-	
11/01/27	9,680,000		250,000	242,000	734,000	
05/01/28	9,430,000		-	235,750	-	
11/01/28	9,430,000		265,000	235,750	736,500	
05/01/29	9,165,000		-	229,125	-	
11/01/29	9,165,000		280,000	229,125	738,250	
05/01/30	8,885,000		-	222,125	-	
11/01/30	8,885,000		290,000	222,125	734,250	
05/01/31	8,595,000		-	214,875	-	
11/01/31	8,595,000		305,000	214,875	734,750	
05/01/32	8,290,000		-	207,250	-	
11/01/32	8,290,000		320,000	207,250	734,500	
05/01/33	7,970,000		-	199,250	-	
11/01/33	7,970,000		335,000	199,250	733,500	
05/01/34	7,635,000		-	190,875	-	
11/01/34	7,635,000		355,000	190,875	736,750	
05/01/35	7,280,000		-	182,000	-	
11/01/35	7,280,000		370,000	182,000	734,000	
05/01/36	6,910,000		-	172,750	-	
11/01/36	6,910,000		390,000	172,750	735,500	
05/01/37	6,520,000		-	163,000	-	
11/01/37	6,520,000		410,000	163,000	736,000	
05/01/38	6,110,000		-	152,750	-	
11/01/38	6,110,000		430,000	152,750	735,500	
05/01/39	5,680,000		-	142,000	-	
11/01/39	5,680,000		450,000	142,000	734,000	
05/01/40	5,230,000		-	130,750	-	
11/01/40	5,230,000		475,000	130,750	736,500	
05/01/41	4,755,000		-	118,875	-	
11/01/41	4,755,000		500,000	118,875	737,750	
05/01/42	4,255,000		-	106,375	-	
11/01/42	4,255,000		525,000	106,375	737,750	
05/01/43	3,730,000		-	93,250	-	
11/01/43	3,730,000		550,000	93,250	736,500	
05/01/44	3,180,000		-	79,500	-	
11/01/44	3,180,000		575,000	79,500	734,000	
05/01/45	2,605,000		-	65,125	-	
11/01/45	2,605,000		605,000	65,125	735,250	
05/01/46	2,000,000		-	50,000	-	
11/01/46	2,000,000		635,000	50,000	735,000	
05/01/47	1,365,000		-	34,125	-	
11/01/47	1,365,000		665,000	34,125	733,250	
05/01/48	700,000		-	17,500	-	
11/01/48	700,000		700,000	17,500	735,000	
Total			$9,920,000	$6,746,500	$16,666,500	

Approved Budget
Debt Service Series 2021 Special Assessment Revenue Bonds

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

REVENUES:							

Special Assessments-On Roll	
$416,052	
$416,247	
$-	
$416,247	
$416,052	
Interest Earnings	15,000	10,619	4,600	15,219	15,000	
Carry Forward Surplus (1)	198,003	205,509	-	205,509	208,788	
TOTAL REVENUES	$629,056	$632,376	$4,600	$636,976	$639,840	

EXPENDITURES:						
Interest - 11/1	$124,138	$124,138	$-	$124,138	$121,788	
Special Call 11/1	-	5,000	-	5,000	72,467	
Principal - 5/1	165,000	165,000	-	165,000	170,000	
Interest - 5/1	124,138	124,050	-	124,050	121,788	
Special Call 5/1	-	10,000	-	10,000	-	
TOTAL EXPENDITURES	$413,275	$428,188	$-	$428,188	$486,042	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$413,275	$428,188	$-	$428,188	$486,042	
						
EXCESS REVENUES (EXPENDITURES)	$215,781	$204,188	$4,600	$208,788	$153,798	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$119,238

Debt Service Series 2021 Special Assessment Revenue Bonds
Term Bonds Due Combined

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	6,605,000	-	121,788	121,788	
05/01/27	6,605,000	170,000	121,788		
11/01/27	6,435,000	-	119,238	411,025	
05/01/28	6,435,000	175,000	119,238		
11/01/28	6,260,000	-	116,613	410,850	
05/01/29	6,260,000	180,000	116,613		
11/01/29	6,080,000	-	113,913	410,525	
05/01/30	6,080,000	185,000	113,913		
11/01/30	5,895,000	-	111,138	410,050	
05/01/31	5,895,000	190,000	111,138		
11/01/31	5,705,000	-	108,288	409,425	
05/01/32	5,705,000	200,000	108,288		
11/01/32	5,505,000	-	104,788	413,075	
05/01/33	5,505,000	205,000	104,788		
11/01/33	5,300,000	-	101,200	410,988	
05/01/34	5,300,000	210,000	101,200		
11/01/34	5,090,000	-	97,525	408,725	
05/01/35	5,090,000	220,000	97,525		
11/01/35	4,870,000	-	93,675	411,200	
05/01/36	4,870,000	225,000	93,675		
11/01/36	4,645,000	-	89,738	408,413	
05/01/37	4,645,000	235,000	89,738		
11/01/37	4,410,000	-	85,625	410,363	
05/01/38	4,410,000	245,000	85,625		
11/01/38	4,165,000	-	81,338	411,963	
05/01/39	4,165,000	255,000	81,338		
11/01/39	3,910,000	-	76,875	413,213	
05/01/40	3,910,000	260,000	76,875		
11/01/40	3,650,000	-	72,325	409,200	
05/01/41	3,650,000	270,000	72,325		
11/01/41	3,380,000	-	67,600	409,925	
05/01/42	3,380,000	280,000	67,600		
11/01/42	3,100,000	-	62,000	409,600	
05/01/43	3,100,000	290,000	62,000		
11/01/43	2,810,000	-	56,200	408,200	
05/01/44	2,810,000	305,000	56,200		
11/01/44	2,505,000	-	50,100	411,300	
05/01/45	2,505,000	315,000	50,100		
11/01/45	2,190,000	-	43,800	408,900	
05/01/46	2,190,000	330,000	43,800		
11/01/46	1,860,000	-	37,200	411,000	
05/01/47	1,860,000	345,000	37,200		
11/01/47	1,515,000	-	30,300	412,500	
05/01/48	1,515,000	355,000	30,300		
11/01/48	1,160,000	-	23,200	408,500	
05/01/49	1,160,000	370,000	23,200		
11/01/49	790,000	-	15,800	409,000	
05/01/50	790,000	385,000	15,800		
11/01/50	405,000	-	8,100	408,900	
05/01/51	405,000	405,000	8,100		
				413,100	
Total		$6,605,000	$3,776,725	$10,381,725	

Approved Budget
Debt Service Series 2022 Special Assessment Revenue Bonds

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

REVENUES:							

Special Assessments-On Roll	
$520,023	
$518,503	
$-	
$518,503	
$520,023	
Interest Earnings	15,000	12,482	4,792	17,274	15,000	
Carry Forward Surplus (1)	226,230	232,086	-	232,086	250,245	
TOTAL REVENUES	$761,253	$763,072	$4,792	$767,864	$785,269	

EXPENDITURES:						
Interest - 11/1	$168,859	$168,859	$-	$168,859	$166,172	
Special Call 11/1		$5,000				
Principal - 5/1	180,000	180,000	-	180,000	185,000	
Interest - 5/1	168,859	168,759	-	168,759	166,172	
Special Call 5/1	-	-	-	-	-	
TOTAL EXPENDITURES	$517,719	$522,619	$-	$517,619	$517,344	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$517,719	$522,619	$-	$517,619	$517,344	
						
EXCESS REVENUES (EXPENDITURES)	$243,535	$240,453	$4,792	$250,245	$267,925	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$163,512.50

Debt Service Series 2022 Special Assessment Revenue Bonds
Term Bonds Due Combined

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	8,540,000	-	166,172	166,172	
05/01/27	8,540,000	185,000	166,172		
11/01/27	8,355,000	-	163,513	514,684	
05/01/28	8,355,000	190,000	163,513		
11/01/28	8,165,000	-	160,378	513,890	
05/01/29	8,165,000	200,000	160,378		
11/01/29	7,965,000	-	157,078	517,455	
05/01/30	7,965,000	205,000	157,078		
11/01/30	7,760,000	-	153,695	515,773	
05/01/31	7,760,000	210,000	153,695		
11/01/31	7,550,000	-	150,230	513,925	
05/01/32	7,550,000	220,000	150,230		
11/01/32	7,330,000	-	146,600	516,830	
05/01/33	7,330,000	230,000	146,600		
11/01/33	7,100,000	-	142,000	518,600	
05/01/34	7,100,000	235,000	142,000		
11/01/34	6,865,000	-	137,300	514,300	
05/01/35	6,865,000	245,000	137,300		
11/01/35	6,620,000	-	132,400	514,700	
05/01/36	6,620,000	255,000	132,400		
11/01/36	6,365,000	-	127,300	514,700	
05/01/37	6,365,000	265,000	127,300		
11/01/37	6,100,000	-	122,000	514,300	
05/01/38	6,100,000	280,000	122,000		
11/01/38	5,820,000	-	116,400	518,400	
05/01/39	5,820,000	290,000	116,400		
11/01/39	5,530,000	-	110,600	517,000	
05/01/40	5,530,000	300,000	110,600		
11/01/40	5,230,000	-	104,600	515,200	
05/01/41	5,230,000	315,000	104,600		
11/01/41	4,915,000	-	98,300	517,900	
05/01/42	4,915,000	325,000	98,300		
11/01/42	4,590,000	-	91,800	515,100	
05/01/43	4,590,000	340,000	91,800		
11/01/43	4,250,000	-	85,000	516,800	
05/01/44	4,250,000	355,000	85,000		
11/01/44	3,895,000	-	77,900	517,900	
05/01/45	3,895,000	365,000	77,900		
11/01/45	3,530,000	-	70,600	513,500	
05/01/46	3,530,000	380,000	70,600		
11/01/46	3,150,000	-	63,000	513,600	
05/01/47	3,150,000	400,000	63,000		
11/01/47	2,750,000	-	55,000	518,000	
05/01/48	2,750,000	415,000	55,000		
11/01/48	2,335,000	-	46,700	516,700	
05/01/49	2,335,000	430,000	46,700		
11/01/49	1,905,000	-	38,100	514,800	
05/01/50	1,905,000	450,000	38,100		
11/01/50	1,455,000	-	29,100	517,200	
05/01/51	1,455,000	465,000	29,100		
11/01/51	990,000	-	19,800	513,900	
05/01/52	990,000	485,000	19,800		
11/01/52	505,000	-	10,100	514,900	
05/01/53	505,000	505,000	10,100		
11/01/53				515,100	
Total		$8,540,000	$5,551,329	$14,091,329	

Adopted
Budget	Actuals Thru	Projected Next Projected Thru

Approved Budget

Approved Budget Capital Reserve Fund

Description	FY2026	5/31/26		4 Months		9/30/26	FY 2027	
REVENUES:						
Capital Reserve Transfer In	$158,079	$158,079	$-	$158,079	$118,190	
Interest Income	2,500	1,386	2,000	3,386	2,500	
Roof Warranty Proceeds	-	111,433	-	111,433	-	
Carry Forward Balance	34,977	26,630	-	26,630	250,618	
TOTAL REVENUES	$195,556	$297,528	$2,000	$299,528	$371,308	

EXPENDITURES:						
Capital Outlay	$-	$-	$-	$-	$-	
Repair and Maintenance *	10,000	-	-	-	25,000	
Roof Replacement	80,000	48,021	-	48,021	-	
Other Current Charges	840	568	320	888	900	
TOTAL EXPENDITURES	$90,840	$48,589	$320	$48,909	$25,900	

Other Sources/(Uses)						
Transfer in/(Out)	$-	$-	$-	$-	$0	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
EXCESS REVENUES (EXPENDITURES)	$104,716	$248,938	$1,680	$250,618	$345,408	
* Stormwater System Evaluation Allowance/Exterior Repair/Paint - Amenity Buildings.

Bannon Lakes
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	
O&M Units	Bonds Units 2016	Bonds Units 2021	Bonds Units 2022	
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)	
				Series	Series			
				2016	2021	2022	2016	2021	2022	Total	Total Assessed Per Unit	

Single Family	
914	
383	
236	
295	
$1,173.18	
$1,173.18	
$0.00	
$1,799.83	
$1,875.46	
$1,875.31	
$1,799.83	
$1,875.46	
$1,875.31	
$0.00	
$6,723.78	
$6,723.78	
$0.00	
Duplex	72	72	0	0	$1,173.18	$1,173.18	$0.00	$1,799.83	$0.00	$0.00	$1,799.83	$0.00	$0.00	$0.00	$2,973.01	$2,973.01	$0.00	
Single Family	0	0	0	0	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00				
Commerical	0	0	0	0	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00				
Total	986	455	236	295