San Simeon	
Community Development District	

Adopted Budget	
FY 2026	

Table of Contents

1-2		General Fund

	Narratives

	Debt Service Fund Series 2019

	Series 2019 Amortization Schedule

	Assessment Schedule

San Simeon	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	
REVENUES:

Special Assessments - On Roll	$	312,696	$	315,183	$	-	$	315,183	$	312,696	
Interest income	15,000	24,537	3,461	27,998	20,000	
Carry Forward Surplus	37,668	52,632	-	52,632	44,794	

TOTAL REVENUES	$	365,364	$	392,351	$	3,461	$	395,813	$	377,490	

EXPENDITURES:						
Administrative						
Engineering	$	10,000	$	5,859	$	4,141	$	10,000	$	10,000	
Attorney	15,000	6,915	8,085	15,000	15,000	
Annual Audit	4,000	3,800	-	3,800	3,900	
Arbitrage Rebate	550	550	-	550	550	
Dissemination Agent	2,625	2,188	438	2,625	2,783	
Trustee Fees	4,041	4,041	-	4,041	4,434	
Management Fees	39,123	32,603	6,521	39,123	41,470	
Information Technology	394	328	66	394	418	
Website Maintenance	1,050	875	175	1,050	1,113	
Telephone	50	-	50	50	50	
Postage & Delivery	500	139	361	500	500	
Insurance General Liability	6,684	6,319	-	6,319	6,951	
Printing & Binding	750	72	678	750	100	
Legal Advertising	750	1,192	122	1,314	1,400	
Other Current Charges	496	162	334	496	500	
Office Supplies	200	-	200	200	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	86,388	$	65,218	$	21,169	$	86,387	$	89,444	

San Simeon	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

Operations & Maintenance

Field Expenditures						
Field Maintenance	$	14,490	$	12,075	$	2,415	$	14,490	$	15,359	
Water	250	72	78	150	250	
Landscape Maintenance	140,931	111,850	22,370	134,220	140,931	
Plant Replacement	15,000	12,030	2,970	15,000	15,000	
Tree Trimming	11,800	-	11,800	11,800	15,000	
Repairs & Maintenance	9,000	-	9,000	9,000	9,000	
Irrigation Repairs/Maintenance	10,200	5,885	4,315	10,200	10,200	
Pump Station Maintenance	16,000	14,103	1,897	16,000	16,000	
Property Insurance	6,000	-	-	-	6,000	
Lake Maintenance	13,860	11,000	2,200	13,200	13,860	
Lake Debris Removal	1,350	-	1,350	1,350	1,350	
Janitorial & Porter Services	18,346	14,560	2,912	17,472	18,346	
Sidewalk Maintenance	3,750	-	3,750	3,750	3,750	
Stormwater Drainage Maintenance	13,000	12,250	750	13,000	13,000	
Contingency/Permits	5,000	3,075	1,924	5,000	10,000	

TOTAL FIELD EXPENDITURES	$	278,976	$	196,900	$	67,731	$	264,631	$	288,046	

TOTAL EXPENDITURES	$	365,364	$	262,118	$	88,901	$	351,019	$	377,490	

EXCESS REVENUES (EXPENDITURES)	$	-	$	130,234	$	(85,440)	$	44,794	$	-	

Product	Assessable Units	Net Assessment	Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase / (Decrease)	
Ramblas at Via Ventura							
Single Family	55	$	24,248.18	$	25,524.40	$	464.08	$	464.08	$	-	
Townhomes	212	$	93,465.72	$	98,384.96	$	464.08	$	464.08	$	-	
Villas	84	$	37,033.59	$	38,982.72	$	464.08	$	464.08	$	-	
Paseos at Via Ventura							
Townhomes	133	$	59,849.47	$	62,999.44	$	473.68	$	473.68	$	-	
Villas	61	$	27,449.76	$	28,894.48	$	473.68	$	473.68	$	-	
Vistas at Via Ventura							
Townhomes	48	$	21,599.81	$	22,736.64	$	473.68	$	473.68	$	-	
Villas	109	$	49,049.57	$	51,631.12	$	473.68	$	473.68	$	-	
TOTAL	702	$  312,696.09	$  329,153.78				

San Simeon	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

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 Income	
The District earns interest on the monthly average collected balance for each of their investment 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.	
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.	
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.	
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 – South Florida, 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 GMS-SF, LLC and updated monthly.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	
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.	

San Simeon	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

Expenditures - Administrative (continued)	
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 Florida Department of Commerce for $175.	
Expenditures - Field	
Field Maintenance	
The District has contracted management services for the operation of the Property and its contractors.	
Utility - Water	
The District has contracted with Miami-Dade Water and Sewer Department to provide water throughout the District.	
Landscape Maintenance	
The District has contracted with Equator Landscaping to provide monthly landscaping services throughout all common areas within the District.	
Plant Replacement	
The District has contracted with Equator Landscaping to provide plant replacement services as needed throughout the District.	
Tree Trimming	
The District has contracted with Equator Landscaping to provide tree trimming services as needed throughout the District.	
Repairs & Maintenance	
This fee includes repairs & maintenance as incurred.	
Irrigation Repairs / Maintenance	
The District has contracted with Equator Landscaping to provide irrigation reapirs and maintenace to areas as needed throughout	
Pump Station Maintenance	
The District has contracted with Atlantic Environmental Services, Inc. to monitor and maintain the sewage lift stations.	
Property Insurance	
The District's Property 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.	
Lake Maintenance	
The District has contracted with Eco Blue Aquatic Services to provide monthly water management to all the lakes throughout the	
Lake Debris Removal	
The District has contracted with Equator Landscaping to provide remove Debris when occured throughout all common areas within the District.	
Janitorial & Porter Services	
The District has contracted with Equator Landscaping to provide porter services throughout the District.	
Holiday Decorations	
This expense is for holiday lightings and decorations expenses throughout the District.	
Sidewalk Maintenance	
This expense is for any sidewalk repairs and maintenance incurred during the fiscal year throughout the District.	
Stormwater Drainage Maintenance	
This expense is budgeted for the cleanup and maintenance of the storm drainage system the District may be responsible for.	
Contingency/Permits	
This expenditure is for unforeseen and miscellaneous expenses including Miami-Dade County permits incurred within the District.	

San Simeon	
Community Development District	
Adopted Budget	
Debt Service Series 2019 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	712,365	$	715,192	$	-	$	715,192	$	712,365	
Interest Earnings	15,000	30,695	921	31,616	15,000	
Carry Forward Surplus (1)	277,949	284,562	-	284,562	303,490	

TOTAL REVENUES	$	1,005,314	$	1,030,449	$	921	$	1,031,370	$	1,030,855	

EXPENDITURES:

Interest - 12/15	$	226,531	$	226,531	$	-	$	226,531	$	221,656	
Interest - 6/15	226,531	226,531	-	226,531	221,656	
Principal - 6/15	260,000	260,000	-	260,000	270,000	

TOTAL EXPENDITURES	$	713,063	$	713,063	$	-	$	713,063	$	713,313	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(13,061)	$	(1,757)	$	(14,818)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(13,061)	$	(1,757)	$	(14,818)	$	-	

TOTAL EXPENDITURES	$	713,063	$	726,123	$	1,757	$	727,880	$	713,313	

EXCESS REVENUES (EXPENDITURES	$	292,252	$	304,326	$	(836)	$	303,490	$	317,543	

Interest Due 11/1/26	 $	216,594 	
	 $	216,594 	

(1) Carry Forward is Net of Reserve Requirement

San Simeon	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2019 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/24	$10,995,000	3.375%	$-	$226,531	$226,531	
06/15/25	10,995,000	3.750%	260,000	226,531		
12/15/25	10,735,000	3.750%	-	221,656	708,188	
06/15/26	10,735,000	3.750%	270,000	221,656		
12/15/26	10,465,000	3.750%	-	216,594	708,250	
06/15/27	10,465,000	3.750%	280,000	216,594		
12/15/27	10,185,000	3.750%	-	211,344	707,938	
06/15/28	10,185,000	3.750%	295,000	211,344		
12/15/28	9,890,000	3.750%	-	205,813	712,156	
06/15/29	9,890,000	3.750%	305,000	205,813		
12/15/29	9,585,000	3.750%	-	200,094	710,906	
06/15/30	9,585,000	3.750%	315,000	200,094		
12/15/30	9,270,000	3.750%	-	194,188	709,281	
06/15/31	9,270,000	3.750%	330,000	194,188		
12/15/31	8,940,000	4.125%	-	188,000	712,188	
06/15/32	8,940,000	4.125%	340,000	188,000		
12/15/32	8,600,000	4.125%	-	180,988	708,988	
06/15/33	8,600,000	4.125%	355,000	180,988		
12/15/33	8,245,000	4.125%	-	173,666	709,653	
06/15/34	8,245,000	4.125%	370,000	173,666		
12/15/34	7,875,000	4.125%	-	166,034	709,700	
06/15/35	7,875,000	4.125%	385,000	166,034		
12/15/35	7,490,000	4.125%	-	158,094	709,128	
06/15/36	7,490,000	4.125%	400,000	158,094		
12/15/36	7,090,000	4.125%	-	149,844	707,938	
06/15/37	7,090,000	4.125%	420,000	149,844		
12/15/37	6,670,000	4.125%	-	141,181	711,025	
06/15/38	6,670,000	4.125%	435,000	141,181		
12/15/38	6,235,000	4.125%	-	132,209	708,391	
06/15/39	6,235,000	4.125%	455,000	132,209		
12/15/39	5,780,000	4.250%	-	122,825	710,034	
06/15/40	5,780,000	4.250%	475,000	122,825		
12/15/40	5,305,000	4.250%	-	112,731	710,556	
06/15/41	5,305,000	4.250%	495,000	112,731		
12/15/41	4,810,000	4.250%	-	102,213	709,944	
06/15/42	4,810,000	4.250%	515,000	102,213		
12/15/42	4,295,000	4.250%	-	91,269	708,481	
06/15/43	4,295,000	4.250%	540,000	91,269		
12/15/43	3,755,000	4.250%	-	79,794	711,063	
06/15/44	3,755,000	4.250%	560,000	79,794		
12/15/44	3,195,000	4.250%	-	67,894	707,688	
06/15/45	3,195,000	4.250%	585,000	67,894		
12/15/45	2,610,000	4.250%	-	55,463	708,356	
06/15/46	2,610,000	4.250%	610,000	55,463		
12/15/46	2,000,000	4.250%	-	42,500	707,963	
06/15/47	2,000,000	4.250%	640,000	42,500		
12/15/47	1,360,000	4.250%	-	28,900	711,400	
06/15/48	1,360,000	4.250%	665,000	28,900		
12/15/48	695,000	4.250%	-	14,769	708,669	
06/15/49	695,000	4.250%	695,000	14,769	709,769	
Total		$	10,995,000	$	6,969,181	$	17,964,181	

San Simeon	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025 - 2026	

Description	O&M Units	Bonds Units
2019	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	

Ramblas at Via Ventura												
Single Family	55	55	$464.08	$464.08	$0.00	$1,246.65	$1,246.65	$0.00	$1,710.73	$1,710.73	$0.00	
Townhomes	212	212	$464.08	$464.08	$0.00	$1,097.05	$1,097.05	$0.00	$1,561.13	$1,561.13	$0.00	
Villas	84	84	$464.08	$464.08	$0.00	$984.85	$984.85	$0.00	$1,448.93	$1,448.93	$0.00	
Paseos at Via Ventura												
Townhomes	133	133	$473.68	$473.68	$0.00	$1,097.05	$1,097.05	$0.00	$1,570.73	$1,570.73	$0.00	
Villas	61	61	$473.68	$473.68	$0.00	$984.85	$984.85	$0.00	$1,458.53	$1,458.53	$0.00	
Vistas at Via Ventura												
Townhomes	48	48	$473.68	$473.68	$0.00	$1,097.05	$1,097.05	$0.00	$1,570.73	$1,570.73	$0.00	
Villas	109	109	$473.68	$473.68	$0.00	$984.85	$984.85	$0.00	$1,458.53	$1,458.53	$0.00	
Total	702	702										

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