Mediterranea	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1-2		General Fund

	Narratives

	Debt Service Fund Series 2014A-1

	Amortization Schedule

	Debt Service Fund Series 2017

	Amortization Schedule

	Assessment Schedule

Mediterranea	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments- On Roll	$142,076	$139,911	$2,165	$142,076	$142,076	
Interest Income	8,000	6,502	6,502	13,003	10,000	
Carry Forward Balance	52,756	52,756	-	52,756	53,762	

TOTAL REVENUES	$202,832	$199,169	$8,666	$207,835	$205,838	

EXPENDITURES:

Administrative:						
Engineering	$12,000	$1,390	$6,000	$7,390	$12,000	
Attorney	15,000	4,745	7,500	12,245	15,000	
Attorney - Water/Waste Provisions	20,000	3,990	10,000	13,990	20,000	
Annual Audit	5,000	3,700	-	3,700	5,000	
Arbitrage Rebate	1,200	600	600	1,200	1,200	
Dissemination Agent	2,862	1,431	1,431	2,862	3,063	
Assessment Roll	1,511	1,511	-	1,511	1,511	
Trustee Fees	8,200	5,001	-	5,001	8,200	
Management Fees	40,083	20,042	20,042	40,083	42,889	
Website Maintenance	1,200	600	600	1,200	1,200	
Telephone	50	-	25	25	50	
Postage & Delivery	250	26	125	151	250	
Insurance General Liability	8,900	7,895	-	7,895	8,900	
Printing & Binding	500	5	250	255	500	
Legal Advertising	2,100	194	1,050	1,244	2,100	
Other Current Charges	2,000	439	439	878	2,000	
Office Supplies	50	-	25	25	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Outlay	250	-	125	125	250	

TOTAL ADMINISTRATIVE	$121,332	$51,743	$48,212	$99,956	$124,338	

Mediterranea	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

Operations & Maintenance

Field Expenditures						
Field Management	$20,000	$5,000	$15,000	$-	$20,000	
Lake Maintenance	6,500	3,240	3,240	6,480	6,500	
Landscape Maintenance	30,000	-	15,000	15,000	30,000	
Irrigation Repairs and Maintenance	10,000	-	5,000	5,000	10,000	
Contingency	15,000	4,915	7,500	12,415	15,000	

TOTAL FIELD EXPENDITURES	$81,500	$13,155	$45,740	$38,895	$81,500	

TOTAL EXPENDITURES	$202,832	$64,898	$93,952	$138,850	$205,838	

EXCESS REVENUES (EXPENDITURES)	$0	$134,271	$(85,286)	$68,985	$0	

Gross Assessments	
Less: Discounts & Collections 6%	
Net Assessments	

$	151,145	
	(9,069) 	
 $	142,076 	

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

Single Family	152	$	38,418.00	$	252.75	$	252.75	$	-	
18' Townhomes	8	$	2,022.00	$	252.75	$	252.75	$	-	
18' Townhomes	112	$	28,308.00	$	252.75	$	252.75	$	-	
16' Townhomes	90	$	22,747.50	$	252.75	$	252.75	$	-	
22' Townhomes	236	$	59,649.00	$	252.75	$	252.75	$	-	

Total	598	$ 151,144.50	

Mediterranea	
Community Development District	
Budget Narrative	

REVENUES

Maintenance 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.
Interest
The District earns interest on the monthly average collected balance for each of their operating accounts.

Expenditures - Administrative

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.
Attorney - Water/Waste Provisions
The District’s Attorney, will be providing water and waste provision legal services to the District.
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.
Arbitrage Rebate
The District has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its 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.
Assessment Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.
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.
Communication - Telephone
New internet and Wi-Fi service for Office.

Mediterranea	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)

Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
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.
Rentals and Leases
The District will be charged $200 per month for office rent from Governmental Management Services – South Florida, LLC for the District's administrative office located in Ft. Lauderdale.
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.
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.

Expenditures – Field

Field Management
The District has a contract with Governmental Management Services, South Florida, LLC for on-site management. The responsibilities include reviewing contracts and other maintenance related items.
Lake Maintenance
The District has contracted Solitude Lake & Wetland Management for monthly lake maintenance.
Landscape Maintenance
The District will contract services for the maintenance of the landscape within the community.
Irrigation Repairs and Maintenance
Irrigation repairs and other maintenance services provided by the landscape company.
Contingency
A contingency for any unanticipated and unscheduled cost to the District.

Mediterranea	
Community Development District	
Adopted Budget	
Debt Service Series 2014-A1 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description

REVENUES:	FY2026	3/31/26	6 Months	9/30/26	FY 2027	
Special Assessments-On Roll	$75,568	$74,518	$1,050	$75,568	$75,568	
Interest Earnings	5,000	3,482	3,482	6,963	5,000	
Carry Forward Surplus (1)	143,218	143,151	-	143,151	150,003	

TOTAL REVENUES	$223,787	$221,151	$4,532	$225,683	$230,571	

EXPENDITURES:

Interest - 11/1	$18,340	$18,340	$-	$18,340	$17,248	
Interest - 5/1	18,340	-	18,340	18,340	17,248	
Principal - 5/1	39,000	-	39,000	39,000	42,000	

TOTAL EXPENDITURES	$75,680	$18,340	$57,340	$75,680	$76,496	

EXCESS REVENUES (EXPENDITURES)	$148,107	$202,811	$(52,808)	$150,003	$154,075	

(1) Carry Forward is Net of Reserve Requirement	Debt Service Due 11/1/2027

$16,072

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

	
$	80,392	
	(4,824) 	
 $	75,568 	

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

18' Townhomes	8	$	8,032.00	$	1,004.00	$	1,004.00	$	-	
16' Townhomes	90	$	72,360.00	$	804.00	$	804.00	$	-	

Total	98	$  80,392.00	

Mediterranea	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2014-A1	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	616,000	5.600%	-	17,248	74,588	
05/01/27	616,000	5.600%	42,000	17,248		
11/01/27	574,000	5.600%	-	16,072	75,320	
05/01/28	574,000	5.600%	44,000	16,072		
11/01/28	530,000	5.600%	-	14,840	74,912	
05/01/29	530,000	5.600%	47,000	14,840		
11/01/29	483,000	5.600%	-	13,524	75,364	
05/01/30	483,000	5.600%	49,000	13,524		
11/01/30	434,000	5.600%	-	12,152	74,676	
05/01/31	434,000	5.600%	52,000	12,152		
11/01/31	382,000	5.600%	-	10,696	74,848	
05/01/32	382,000	5.600%	55,000	10,696		
11/01/32	327,000	5.600%	-	9,156	74,852	
05/01/33	327,000	5.600%	58,000	9,156		
11/01/33	269,000	5.600%	-	7,532	74,688	
05/01/34	269,000	5.600%	62,000	7,532		
11/01/34	207,000	5.600%	-	5,796	75,328	
05/01/35	207,000	5.600%	65,000	5,796		
11/01/35	142,000	5.600%	-	3,976	74,772	
05/01/36	142,000	5.600%	69,000	3,976		
11/01/36	73,000	5.600%	-	2,044	75,020	
05/01/37	73,000	5.600%	73,000	2,044	75,044	

TOTAL	$616,000	$226,072	$899,412	

Mediterranea	
Community Development District	
Adopted Budget	
Debt Service Series 2017 Special Assessment Refunding & Improvement Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description

REVENUES:	FY2026	3/31/26	6 Months	9/30/26	FY 2027	
Special Assessments-On Roll	$556,877	$549,137	$7,740	$556,877	$556,877	
Interest Earnings	20,000	20,779	20,779	41,559	20,000	
Carry Forward Surplus (1)	435,399	410,533	-	410,533	448,831	

TOTAL REVENUES	$1,012,276	$980,449	$28,519	$1,008,968	$1,025,707	

EXPENDITURES:

Interest - 11/1	$185,069	$185,069	$-	$185,069	$181,031	
Interest - 5/1	185,069	-	185,069	185,069	181,031	
Principal - 5/1	190,000	-	190,000	190,000	195,000	

TOTAL EXPENDITURES	$560,138	$185,069	$375,069	$560,138	$557,063	

EXCESS REVENUES (EXPENDITURES)	$452,138	$795,380	$(346,550)	$448,831	$468,645	

(1) Carry Forward is Net of Reserve Requirement	Debt Service Due 11/1/2027

$176,888

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

	
$	592,422	
	(35,545) 	
 $	556,877 	

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

Single Family	152	$	207,904.08	$	1,367.79	$	1,367.79	$	-	
18' Townhomes	112	$	117,743.36	$	1,051.28	$	1,051.28	$	-	
22' Townhomes	236	$	266,774.40	$	1,130.40	$	1,130.40	$	-	

Total	500	$  592,421.84	

Mediterranea	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2017	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	7,440,000	4.250%	-	181,031	556,100	
05/01/27	7,440,000	4.250%	195,000	181,031		
11/01/27	7,245,000	4.250%	-	176,888	552,919	
05/01/28	7,245,000	4.250%	205,000	176,888		
11/01/28	7,040,000	4.250%	-	172,531	554,419	
05/01/29	7,040,000	4.250%	215,000	172,531		
11/01/29	6,825,000	4.250%	-	167,963	555,494	
05/01/30	6,825,000	4.750%	225,000	167,963		
11/01/30	6,600,000	4.750%	-	162,619	555,581	
05/01/31	6,600,000	4.750%	235,000	162,619		
11/01/31	6,365,000	4.750%	-	157,038	554,656	
05/01/32	6,365,000	4.750%	245,000	157,038		
11/01/32	6,120,000	4.750%	-	151,219	553,256	
05/01/33	6,120,000	4.750%	260,000	151,219		
11/01/33	5,860,000	4.750%	-	145,044	556,263	
05/01/34	5,860,000	4.750%	270,000	145,044		
11/01/34	5,590,000	4.750%	-	138,631	553,675	
05/01/35	5,590,000	4.750%	285,000	138,631		
11/01/35	5,305,000	4.750%	-	131,863	555,494	
05/01/36	5,305,000	4.750%	300,000	131,863		
11/01/36	5,005,000	4.750%	-	124,738	556,600	
05/01/37	5,005,000	4.750%	310,000	124,738		
11/01/37	4,695,000	4.750%		117,375	552,113	
05/01/38	4,695,000	5.000%	330,000	117,375		
11/01/38	4,365,000	5.000%		109,125	556,500	
05/01/39	4,365,000	5.000%	345,000	109,125		
11/01/39	4,020,000	5.000%		100,500	554,625	
05/01/40	4,020,000	5.000%	365,000	100,500		
11/01/40	3,655,000	5.000%		91,375	556,875	
05/01/41	3,655,000	5.000%	380,000	91,375		
11/01/41	3,275,000	5.000%		81,875	553,250	
05/01/42	3,275,000	5.000%	400,000	81,875		
11/01/42	2,875,000	5.000%		71,875	553,750	
05/01/43	2,875,000	5.000%	420,000	71,875		
11/01/43	2,455,000	5.000%		61,375	553,250	
05/01/44	2,455,000	5.000%	445,000	61,375		
11/01/44	2,010,000	5.000%		50,250	556,625	
05/01/45	2,010,000	5.000%	465,000	50,250		
11/01/45	1,545,000	5.000%		38,625	553,875	
05/01/46	1,545,000	5.000%	490,000	38,625		
11/01/46	1,055,000	5.000%		26,375	555,000	
05/01/47	1,055,000	5.000%	515,000	26,375		
11/01/47	540,000	5.000%		13,500	554,875	
05/01/48	540,000	5.000%	540,000	13,500	553,500	

TOTAL	$7,440,000	$4,943,625	$12,758,694	

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

Product Type	O&M Units	Units 2014A	Bonds
Units 2017	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2027	FY 2026	Variance	FY 2027	FY 2026	Variance	FY 2027	FY 2026	Variance	FY 2027	FY 2026	Variance	
				O&M	Series 2014-A1	Series 2017		
Single Family	152	0	152	$	252.75	$	252.75	$	-	$	-	$	-	$	-	$	1,367.79	$	1,367.79	$	-	$	1,620.54	$	1,620.54	$	-	
18' Townhomes	8	8	0	$	252.75	$	252.75	$	-	$	1,004.00	$  1,004.00	$	-	$	-	$	-	$	-	$	1,256.75	$	1,256.75	$	-	
18' Townhomes	112	0	112	$	252.75	$	252.75	$	-	$	-	$	-	$	-	$	1,051.28	$	1,051.28	$	-	$	1,304.03	$	1,304.03	$	-	
16' Townhomes	90	90	0	$	252.75	$	252.75	$	-	$	804.00	$	804.00	$	-	$	-	$	-	$	-	$	1,056.75	$	1,056.75	$	-	
22' Townhomes	236	0	236	$	252.75	$	252.75	$	-	$	-	$	-	$	-	$	1,130.40	$	1,130.40	$	-	$	1,383.15	$	1,383.15	$	-	
Total	598	98	500													

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