Golden Gem	
Community Development District	

Proposed Budget	
FY2027	

Table of Contents

1-2

3-5

6

7-8

General Fund

General Fund Narrative

Debt Service - Series 2024

Amortization Schedule

9	Assessments

Golden Gem	
Community Development District	
General Fund	

Adopted	Actuals	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Revenues	
Special Assessments - Direct	
Developer Contributions	
Carryforward Balance	

$	340,543	$	255,707	$	84,836	$	340,543	$	340,543	
$	-	$	18,203	$	-	$	18,203	$	-	
$	-	$	-	$	-	$	-	$	44,256	

Total Revenues	$	340,543	$	273,911	$	84,836	$	358,746	$	384,799	

Expenditures

General & Administrative						
Supervisor Fees	$	12,000	$	2,000	$	6,000	$	8,000	$	12,000	
FICA Expense	$	918	$	153	$	459	$	612	$	918	
Annual Audit	$	5,000	$	-	$	5,000	$	5,000	$	4,500	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,150	
Arbitrage	$	450	$	-	$	450	$	450	$	450	
Attorney	$	25,000	$	3,194	$	4,472	$	7,666	$	25,000	
Dissemination	$	5,000	$	2,083	$	2,917	$	5,000	$	5,150	
Engineering	$	15,000	$	-	$	2,500	$	2,500	$	15,000	
Legal Advertising	$	15,000	$	-	$	1,000	$	1,000	$	15,000	
Trustee Fees	$	5,500	$	-	$	5,500	$	5,500	$	6,050	
Management Fees	$	38,625	$	16,094	$	22,531	$	38,625	$	40,000	
Information Technology	$	1,854	$	773	$	1,082	$	1,854	$	1,910	
Website Maintenance	$	1,236	$	515	$	721	$	1,236	$	1,273	
Office Supplies	$	625	$	0	$	0	$	0	$	625	
Postage & Delivery	$	1,000	$	3	$	4	$	7	$	1,000	
Printing & Binding	$	1,000	$	2	$	3	$	5	$	1,000	
Telephone	$	300	$	-	$	-	$	-	$	300	
Travel Per Diem	$	660	$	-	$	-	$	-	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Insurance	$	6,900	$	5,300	$	-	$	5,300	$	5,830	
Property Taxes	$	-	$	2,473	$	-	$	2,473	$	2,500	
Contingency	$	5,000	$	460	$	644	$	1,103	$	1,968	

Total Administrative	$	146,243	$	38,224	$	53,282	$	91,506	$	146,459	

Operation and Maintenance	
Field Expenditures	
Field Management	
Fountain Maintenance	
General Repairs & Maintenance	
Irrigation Repairs	
Landscape Maintenance	
Landscape Replacement & Enhancements	
Pond Maintenance	
Electric	
Streetlights	
Water & Sewer	
Lift Station Maintenance	
Property Insurance	
Contingency	

$	15,000	$	-	$	-	$	-	$	15,750	
$	3,500	$	-	$	-	$	-	$	6,000	
$	10,000	$	-	$	-	$	-	$	9,000	
$	4,500	$	-	$	-	$	-	$	4,500	
$	60,000	$	5,985	$	33,033	$	39,018	$	85,000	
$	10,000	$	-	$	-	$	-	$	8,165	
$	7,500	$	-	$	7,400	$	7,400	$	11,655	
$	1,500	$	-	$	3,500	$	3,500	$	15,000	
$	45,000	$	-	$	30,000	$	30,000	$	45,000	
$	25,000	$	-	$	25,000	$	25,000	$	25,000	
$	-	$	-	$	-	$	-	$	5,000	
$	5,500	$	-	$	-	$	-	$	5,500	
$	5,500	$	-	$	-	$	-	$	2,770	

Total Field Expenditures	$	193,000	$	5,985	$	98,933	$	104,918	$	238,340	

Golden Gem	
Community Development District	
General Fund	

Adopted	Actuals	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Amenity Expenditures	
Janitorial Services	

$	1,300	$	-	$	-	$	-	$	-	

Total Amenity Expenditures	$	1,300	$	-	$	-	$	-	$	-	

Total O&M Expenditures:	$	194,300	$	5,985	$	98,933	$	104,918	$	238,340	

Total Expenditures	$	340,543	$	44,209	$	152,215	$	196,424	$	384,799	

Excess Revenues/(Expenditures)	$	-	$	229,701	$	(67,379)	$	162,322	$	-	

Product	
ERU's	
Assessable Units	
ERU/Unit	Net
Assessment	
Net Per Unit	
Gross Per Unit	

Hotel	61.50	123.00	0.50	$11,961.57	$97.25	$103.46	
Multifamily	1,576.50	2,102.00	0.75	$306,624.65	$145.87	$155.18	
Single Family	54.00	54.00	1.00	$10,502.84	$194.50	$206.91	
Commercial	58.89	58.89	1.00	$11,453.93	$194.50	$206.91	

Total ERU's	1,750.89	2,337.89	340,543.00	

Golden Gem	
Community Development District	
General Fund Narrative	

Revenues:

Special Assessments	
The District will levy a Non-Ad Valorem Assessment on all the assessable property within the District in order to pay for its operating and maintenance expenditures incurred during the Fiscal Year.	

Administrative Expenditures:

Supervisor Fees	
The amount paid to each supervisor for the time devoted to District business and meetings is determined by Chapter 190, Florida Statutes, at $200 per meeting.	

FICA Expenditures	
Represents the employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors	

Annual Audit	
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an	

Assessment Administration	
The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.	

Arbitrage	
The District will contract with an independent certified public accountant to annually calculate the
District’s Arbitrage Rebate Liability on the Series 2024 Bonds and any additional bond issuance.	

Attorney	
The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board	

Dissemination	
The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues.	

Engineering	
The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of	

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

Trustee Fees	
The District will pay annual trustee fees to U.S. Bank Global Corporate Trust for the Series 2024 Special	

Golden Gem	
Community Development District	
General Fund Narrative	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, attendance of monthly board meetings, recording and transcription of board meetings,	

Information Technology	
Represents costs with Governmental Management Services – Central Florida, LLC related to the District’s
information systems, which include but are not limited to video conferencing services, cloud storage	

Website Maintenance	
Represents the costs with Governmental Management Services – Central Florida, LLC associated with
monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates,	

Office Supplies	
Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders,	

Postage & Delivery	
The District incurs charges for mailing of board meeting agenda packages, overnight deliveries,	

Printing & Binding	
Printing and binding agenda packages for board meetings, printing of computerized checks, stationary,	

Telephone	
Telephone and fax machine.	

Travel Per Diem	
The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District	

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

Insurance	
Annual insurance policy for General Liability and D&O provided by EGIS Risk Advisors.	

Property Taxes	
Estimated expenditures for non ad-valorem property taxes.	

Contingency	
Bank charges and any other miscellaneous expenses incurred during the year.	

Golden Gem	
Community Development District	
General Fund Narrative	
Operations & Maintenance: Field Operations:
Field Management	
Estimated expenditures for contracts, site visits to the District, monthly operations reports of the District,
and administration of all maintenance and operations.	

Fountain Maintenance	
Estimated expenditures to maintain the fountains.	

General Repairs & Maintenance	
Estimated expenditures for all field repairs and maintenance. These expenses include but are not limited to pressure washing, entry & wall repairs, gate repairs, maintenance supplies, sidewalk repairs, etc.	

Irrigation Repairs	
Estimated expenditures to inspect the irrigation system and provide any necessary repairs.	

Landscape Maintenance	
Estimated expenditures to provide landscape maintenance, horticulture, and irrigation inspections. The services include but are not limited to basic landscaping services, fertilization, mulching, and tree planting.	

Landscape Replacement & Enhancement	
Estimated expenditures for miscellaneous plant materials outside of the landscaping contract.	

Pond Maintenance	
Estimated expenditures to disc three ponds six times annually.	

Electric	
Estimated expenditures for electric services for lift stations, park, entry and fountain lighting.	

Streetlights	
Estimated expenditures to provide electricity to the streetlights.	

Water & Sewer	
Estimated expenditures to provide water and sewer.	

Lift Station Maintenance	
Expenses incurred by the District for repairs and upkeep of the lift station.	

Property Insurance	
Annual insurance policy for Property & Casualty provided by EGIS Risk Advisors for coverage of the entry	

Contingency	
Represents any additional field expense that may not have been provided for in the budget.	

Golden Gem	
Community Development District	
Debt Service Series 2024	

Adopted		Actuals	Projected	Total		Proposed	
Budget		Thru	Next	Projected		Budget	
FY 2026		2/28/26	7 Months	9/30/26		FY 2027	

Revenues

Carry Forward Surplus (1)	$ 1,286,579	
Special Assessments	$ 2,138,668	
Interest Income	$	75,000	
Interfund Transfer In	$	-	

$	1,345,280	$	-	$	1,345,280	$	1,434,793	
$	-	$	2,138,668	$	2,138,668	$	2,138,668	
$	52,654	$	36,858	$	89,512	$	75,000	
$	-	$	-	$	-	$	-	

Total Revenues	$ 3,500,246	

$ 1,397,935	$ 2,175,526	$	3,573,460		$	3,648,460	

Expenditures

Interfund Transfer Out	$	-	

$	-	$	-	$	-	$	-	

Series 2024		
Interest-11/1	$ 1,069,334	
Principal-5/1	$	-	
Interest-5/1	$ 1,069,334	

$	1,069,334	$	-	$	1,069,334	$	1,069,334	
$	-	$	-	$	-	$	-	
$	-	$	1,069,334	$	1,069,334	$	1,069,334	

Total Expenditures	$ 2,138,668	

$ 1,069,334	$ 1,069,334	$	2,138,668		$	2,138,668	

Excess Revenues/(Expenditures	$ 1,361,579	

$	328,601	$ 1,106,192	$	1,434,793		$	1,509,793	

Interest 11-1-27	
Principal 11-1-27	

$	1,069,334	
$	-	
$	1,069,334	

(1) Net of Debt Service Reserve funds.

Product	ERU's	Assessable Units	ERU/Unit	Net Assessment	Gross Per Unit	

Hotel	61.50	
Multifamily	1,576.50	
Single Family	54.00	
Commercial	58.89	

123.00	0.50	$774.68	$824.13	
2,102.00	0.75	$1,162.02	$1,236.20	
54.00	1.00	$1,549.36	$1,648.26	
58.89	1.00	$1,549.36	$1,648.26	

Total ERU's	1,750.89	2,337.89	

Golden Gem	
Community Development District	
Special Assessment Revenue Bonds, Series 2024	

Period	Principal	Annual	Annual	
Ending	Balance	Principal	Interest	Debt	

11/01/24	$36,550,000		$	813,882	$	813,882	
05/01/25	$	1,069,334	
11/01/25	$36,550,000		$	1,069,334	$	2,138,668	
05/01/26	$	1,069,334	
11/01/26	$36,550,000		$	1,069,334	$	2,138,668	
05/01/27	$	1,069,334	
11/01/27	$36,550,000		$	1,069,334	$	2,138,668	
05/01/28	$	1,069,334	
11/01/28	$36,550,000		$	1,069,334	$	2,138,668	
05/01/29		$	585,000	$	1,069,334		
11/01/29	$35,965,000		$	1,054,270	$	2,708,604	
05/01/30		$	620,000	$	1,054,270		
11/01/30	$35,345,000		$	1,038,305	$	2,712,575	
05/01/31		$	650,000	$	1,038,305		
11/01/31	$34,695,000		$	1,021,568	$	2,709,873	
05/01/32		$	685,000	$	1,021,568		
11/01/32	$34,010,000		$	1,002,045	$	2,708,613	
05/01/33		$	725,000	$	1,002,045		
11/01/33	$33,285,000		$	981,383	$	2,708,428	
05/01/34		$	770,000	$	981,383		
11/01/34	$32,515,000		$	959,438	$	2,710,820	
05/01/35		$	815,000	$	959,438		
11/01/35	$31,700,000		$	936,210	$	2,710,648	
05/01/36		$	865,000	$	936,210		
11/01/36	$30,835,000		$	911,558	$	2,712,768	
05/01/37		$	915,000	$	911,558		
11/01/37	$29,920,000		$	885,480	$	2,712,038	
05/01/38		$	965,000	$	885,480		
11/01/38	$28,955,000		$	857,978	$	2,708,458	
05/01/39		$	1,025,000	$	857,978		
11/01/39	$27,930,000		$	828,765	$	2,711,743	
05/01/40		$	1,085,000	$	828,765		
11/01/40	$26,845,000		$	797,843	$	2,711,608	
05/01/41		$	1,145,000	$	797,843		
11/01/41	$25,700,000		$	765,210	$	2,708,053	
05/01/42		$	1,215,000	$	765,210		

Period	Principal	Annual	Annual	
Ending	Balance	Principal	Interest	Debt	

11/01/42	$24,485,000	
05/01/43	$	1,285,000	
11/01/43	$23,200,000	
05/01/44	$	1,360,000	
11/01/44	$21,840,000	
05/01/45	$	1,445,000	
11/01/45	$20,395,000	
05/01/46	$	1,535,000	
11/01/46	$18,860,000	
05/01/47	$	1,630,000	
11/01/47	$17,230,000	
05/01/48	$	1,730,000	
11/01/48	$15,500,000	
05/01/49	$	1,835,000	
11/01/49	$13,665,000	
05/01/50	$	1,950,000	
11/01/50	$11,715,000	
05/01/51	$	2,070,000	
11/01/51	$ 9,645,000	
05/01/52	$	2,200,000	
11/01/52	$ 7,445,000	
05/01/53	$	2,335,000	
11/01/53	$ 5,110,000	
05/01/54	$	2,480,000	
11/01/54	$ 2,630,000	
05/01/55	$	2,630,000	
11/01/55	$	-	

$	730,583	$	2,710,793	
$	730,583		
$	693,960	$	2,709,543	
$	693,960		
$	655,200	$	2,709,160	
$	655,200		
$	611,850	$	2,712,050	
$	611,850		
$	565,800	$	2,712,650	
$	565,800		
$	516,900	$	2,712,700	
$	516,900		
$	465,000	$	2,711,900	
$	465,000		
$	409,950	$	2,709,950	
$	409,950		
$	351,450	$	2,711,400	
$	351,450		
$	289,350	$	2,710,800	
$	289,350		
$	223,350	$	2,712,700	
$	223,350		
$	153,300	$	2,711,650	
$	153,300		
$	78,900	$	2,712,200	
$	78,900		
	$	2,708,900	

Total	$	36,550,000	$	46,009,171	$	82,559,171	

Golden Gem
Community Development District Non-Ad Valorem Assessments 2026-2027

	FY26	FY27		
Parcel	Acreage	O&M (1)	Debt	Total	O&M (1)	Debt	Total	Change	

272013948000001	8.312	$19,140.56	$120,205.95	$139,346.51	$19,140.56	$120,205.95	$139,346.51	-	
272013948000002	3.936	$9,063.67	$56,921.39	$65,985.06	$9,063.67	$56,921.39	$65,985.06	-	
272013948001000	48.827	$112,436.98	$706,123.20	$818,560.18	$112,436.98	$706,123.20	$818,560.18	-	
272013948002000	8.74	$20,126.14	$126,395.57	$146,521.71	$20,126.14	$126,395.57	$146,521.71	-	
272013948003000	15.627	$35,985.27	$225,993.55	$261,978.82	$35,985.27	$225,993.55	$261,978.82	-	
272013948005000	4.074	$9,381.45	$58,917.11	$68,298.56	$9,381.45	$58,917.11	$68,298.56	-	
272013948006000	9.007	$20,740.98	$130,256.86	$150,997.84	$20,740.98	$130,256.86	$150,997.84	-	
272013948007000	46.734	$107,617.30	$675,854.78	$783,472.08	$107,617.30	$675,854.78	$783,472.08	-	
272013948008000	12.067	$27,787.43	$174,509.77	$202,297.20	$27,787.43	$174,509.77	$202,297.20	-	

Total Gross Direct	157.324	$362,279.78	$2,275,178.18	$2,637,457.96	$362,279.78	$2,275,178.18	$2,637,457.96	-	

Total Net Direct	$340,542.99	$2,138,667.49	$2,479,210.48	$340,542.99	$2,138,667.49	$2,479,210.48		

(1) The O&M Assessments will initially be allocated to the assessable property within the District on an equal acreage basis. Once property is platted and/or sold, the O&M Assessments will be assigned to such property based on entitlements for the number of units and product types assigned.

9