Sweetwater Creek Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 www.SweetwaterCreekCDD.com

May 7, 2025

Board of Supervisors
Sweetwater Creek Community Development District Dear Board Members:
The Sweetwater Creek Community Development District Board of Supervisors Workshop is scheduled for Wednesday, May 14, 2025 at 4:00 p.m. at the Fitness Center, 1865 N. Loop Parkway, St. Augustine, Florida 32095.
Following is the agenda for the workshop:
Roll Call

Discussion of the Fiscal Year 2026 Budget

Next Scheduled Meeting – Thursday, June 5, 2025 at the Fitness Center, 1865 N. Loop Parkway, St. Augustine, Florida 32095

Adjournment

Sweetwater  Creek

Community Development District Proposed Budget
FY2026

May 1, 2025

Presented by:

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Table of Contents

1-2

3-7

8-10

11

	General Fund

	Narratives

	Debt Service Fund Series 2019

	Capital Reserve Fund

12		Assessment Schedule

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	  6 Months		9/30/25	FY 2026	
	.					
REVENUES:						
Special Assessments - Tax Roll	$1,857,822	$1,807,868	$49,954	$1,857,822	$2,169,279	
Fitness Center Revenue	2,000	3,580	1,200	4,780	3,000	
Cost Sharing - Marshall Creek Revenue	-	-	-	-	-	
Interest/Miscellaneous	25,000	18,606	19,894	38,500	30,000	
TOTAL REVENUES	$1,884,822	$1,830,054	$71,048	$1,901,102	$2,202,279	

EXPENDITURES:						
General and Administrative						
Supervisor Fees	$12,000	$6,600	$6,000	$12,600	$12,000	
Engineering Fees	20,000	10,820	9,180	20,000	20,000	
District Counsel	63,599	21,549	46,818	68,367	63,599	
Annual Audit	3,800	-	3,800	3,800	3,800	
Assessment Roll	5,200	5,200	-	5,200	5,460	
Arbitrage	500	-	500	500	500	
Dissemination Agent	5,512	2,756	2,756	5,512	5,788	
Trustee Fees	3,800	3,143	657	3,800	4,139	
Management Fees	44,200	22,100	22,100	44,200	46,410	
Information Technology	1,482	741	741	1,482	1,556	
Website Maintenace	1,040	520	520	1,040	1,092	
Telephone	742	159	521	680	742	
Postage & Delivery	3,000	1,391	1,823	3,214	3,300	
Public Official Insurance	5,172	5,224	-	5,224	4,921	
Copies	2,500	887	3,278	4,165	4,200	
Legal Advertising	2,000	182	1,818	2,000	2,000	
Miscellaneous	1,500	424	1,076	1,500	1,500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Cost Share Expense - Marshall Creek	100,000	-	100,000	100,000	100,000	
TOTAL GENERAL AND ADMINISTRATIVE	$276,222	$81,870	$201,589	$283,459	$281,181	
Operations & Maintenance						
Utilities
Electric	
$78,000	
$37,072	
$38,178	
$74,336	
$82,500	
General Insurance/Workers Comp	6,884	5,892	-	5,892	6,629	
Landscape Maintenance	291,276	145,638	145,638	291,276	300,014	
Landscape Improvements	50,000	3,257	46,743	50,000	50,000	
Mulch	50,000	20,000	30,000	50,000	50,000	
Lake Maintenance	22,000	12,735	12,735	25,469	25,469	
Fountain Maintenance	1,500	-	500	500	1,500	
Irrigation Repairs & Maintenance	39,000	25,370	13,630	39,000	39,000	
Storm Clean-Up	10,000	-	-	-	10,000	
Field Repairs & Maintenance	36,000	26,341	9,659	36,000	36,000	
Tree Removals	14,000	5,250	8,750	14,000	14,000	
Tree Replacements	-	1,820	-	1,820	5,000	
Tree Pruning	15,000	5,480	9,520	15,000	15,000	
Annual Flower Replacements	-	-	-	- 	- 	
Streetlight Repairs	2,250	-	1,000	1,000	2,250	
Signage Repairs	1,000	-	500	500	1,000	
Holiday Decoration	5,000	3,616	1,384	5,000	5,000	
Miscellaneous Field Supplies	3,500	68	3,432	3,500	3,500	
TOTAL OPERATIONS & MAINTENANCE	$625,410	$292,538	$321,669	$613,293	$646,863	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	3/31/25	  6 Months		9/30/25	FY 2026	
	.					
Amenities						
Administrative
Property & Casualty Insurance	
$43,218	
$40,216	
$0	
$40,216	
$43,933	
Facility Management	266,340	141,397	124,943	266,340	291,523	
Performance Incentive	10,000	8,492	-	8,492	10,000	
Info Technology	-	795	-	795	1,000	
Licenses & Permits	770	-	764	764	770	
Subscriptions & Memberships	2,040	750	750	1,500	2,040	
Training	-	219	-	219		500 	
Office Supplies	3,000	1,291	1,109	2,400	2,500	
Office Equipment	2,500	562	1,938	2,500	2,500	
Communication - Telephone/Internet/TV	12,000	4,212	4,539	8,751	9,600	
Internet/Telephone - Guard House	4,500	1,802	900	2,702	2,000	
Field						
Field Management Fees	92,602	46,301	46,301	92,602	97,232	
Facility Maintenance - Cost Share	-	-	-	-	20,000	
General Utilities	78,000	42,011	40,339	82,350		90,585 	
Refuse Removal	6,725	4,301	4,200	8,501	9,600	
Security	41,137	20,891	20,928	41,819	41,857	
Janitorial Services	43,467	19,922	21,734	41,656	45,640	
Operating Supplies - Spa & Paper	4,000	1,195	2,805	4,000	4,000	
Operating Supplies - Uniforms	500	535	-	535	500	
Cleaning Supplies	12,500	3,622	9,109	12,732	12,500	
Amenity Landscape Maintenance & Improvements	22,872	28,207	11,778	39,985	29,263	
Gate Repairs & Maintenance	2,500	868	1,632	2,500	2,500	
Dog Park Repairs & Maintenance	6,000	866	3,000	3,866	6,000	
Park Mulch	5,000	-	5,000	5,000	5,000	
Miscellaneous Field Supplies	4,100	91	1,189	1,280	4,100	
Buildings Repairs & Maintenance	30,000	33,557	2,000	35,557	36,000	
Pest Control	1,800	327	502	829	1,800	
Pool Maintenance - Contract	19,469	9,735	9,735	19,469	20,442	
Pool Repairs & Maintenance	3,000	358	2,643	3,000	3,000	
Pool Chemicals	30,000	13,700	14,400	28,100	30,000	
Signage & Amenity Repairs	300	101	-	101	300	
Special Events	2,000	928	1,072	2,000	2,000	
Park Repair & Maintenance	10,000	8,585	-	8,585	10,000	
Pickleball Repair & Maintenance	3,000	2,794	500	3,294	3,000	
Guardhouse Maintenance	2,500	-	1,000	1,000	2,500	
Playground Repairs & Maintenance	5,000	7,139	-	7,139	5,000	
Fitness				-		
Professional Services - Outside Fitness	55,515	22,125	25,000	47,125	55,515	
Fitness Equipment Repairs & Maintenance	7,000	1,482	1,718	3,200	7,000	
Fitness Equipment Rental	36,635	18,010	15,239	33,248	36,635	
Miniature Golf Course Maintenance	500	355	-	355	500	
Miscellaneous Fitness Supplies	6,300	448	3,352	3,800	4,000	
Capital Outlay - Machinery & Equipment	6,400	1,087	5,313	6,400	6,400	
Capital Outlay	-	23,702	5,941	29,643	-	
TOTAL AMENITIES	$883,190	$512,978	$391,371	$904,349	$959,235	
						
TOTAL EXPENDITURES	$1,784,822	$887,386	$914,629	$1,801,102	$1,887,279	

Other Sources/Uses						
Capital Reserve	($100,000)	$0	($100,000)	($100,000)	($315,000)	
TOTAL OTHER SOURCES/(USES)	$(100,000)	$-	$(100,000)	$(100,000)	$(315,000)	
						
EXCESS REVENUES (EXPENDITURES)	$(0)	$942,668	$(943,581)	$-	$-	

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.
Fitness Center Revenue
The onsite fitness center provides various services that are fee based. Trainer will provide $5 fee for each session to the district.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts. The amount is based upon the estimated average balance of funds available during the fiscal year.

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.
Engineering
The District's engineer, Matthews Design Group LLC, 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.
District Counsel
The District’s Attorney, Kilinski Van Wyk PLLC, 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.
Assessment Roll Administration
The District has contracted with Governmental Management Services to maintain the assessment roll and annually certify for collection a Non-Ad Valorem assessment for operating and debt service expenses, calculate, collect, record and transmit prepaid assessments, maintain the District’s lien book along with various other responsibilities.
Dissemination Agent
The District is required to prepare an annual disclosure report in accordance with the Continuing Disclosure Agreement and Rule 15(c)(2)-12(b)(5) promulgated by Securities and Exchange Commission. The annual report is filed on the Municipal Securities Rulemaking Board (EMMA) website.

Trustee Fees
The District pays monthly fees plus reimbursable expenses to US Bank as Trustee for the District Series 2019A Special Assessment Revenue Bonds.
Management Fees
The District has contracted with Governmental Management Services, LLC to provide management, accounting and recording secretary services. These services include, but not limited to, advertising, recording, and transcribing of Board meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.
Information Technology
Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance
Represents the costs 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, document uploads, hosting and domain renewals, website backups, etc. contracted with Governmental Management Services, LLC.
Telephone
New internet and Wi-Fi service for Office. Represents expense for telephone internet and Wi-Fi Service and conference calls for the office that are reimbursable by the district.
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 estimated premium.
Copies
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Legal Advertising
The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices and public hearings, bidding etc. for the District based on statutory guidelines.

Miscellaneous
This includes monthly bank charges, amortization schedules, office supplies and any other miscellaneous expenses that incur during the year.

Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.
Cost Share Expense - Marshall Creek
The District has an interlocal agreement with Marshall Creek Community Development District for shared facilities with certain costs, net of off-setting revenues. The net is then allocated based upon the proportionate number of platted units in each District.

Expenditures – Field Operations

Utilities:

Electric Services
The District has the following electric accounts with Florida Power & Light Company for general purposes. Additional streetlights may be added as phases are initiated.
Description	Monthly	Annual	
661 ENSENADA DR #IRR	$111	$1,332	
STREET LIGHTS # PALENCIA N PH	$5,100	$61,200	
166 TORCIDO BLVD #IRR	$42	$504	
166 PANTANO VISTA WAY # FOUNTAIN	$313	$3,756	
1504 LAS CALINAS BLVD #IRR	$154	$1,848	
43 PRIVADO CT #LITE	$32	$384	
537 ENSENADA DR #IRR	$38	$456	
2036 LAS CALINAS BLVD #IRR	$65	$780	
97 ONDA LN # IRR	$74	$888	
1329 LAS CALINAS BLVD #IRR	$88	$1,056	
1802 N LOOP PKWY #LGT	$12	$144	
499 ENSENADA DR #IRR	$12	$144	
633 GLORIETA DR #IRR	$18	$216	
2064 LAS CALINAS BLVD #IRR	$22	$264	
336 RIO DEL NORTE RD # IRR	$40	$480	
711 ENREDE LN	$379	$4,548	
Contingency		$375	$4,500 
Total	$6,875	$82,500

General Insurance
Represents the cost of annual coverage of general liability insurance. Coverage is provided by Egis Insurance who specializes in providing insurance coverage to governmental agencies.
Landscape Maintenance
The District has a contract with Duval Landscape Maintenance to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing, weeding, edging, blowing debris and shrubs and groundcover pruning, as well as: fertilization, insect control, weed control, and irrigation inspections.
Landscape Improvements
Represents the cost of improving or replacing any landscaping located within the common areas of the District.

Mulch
The District will incur expenses related to providing ground covering.
Lake Maintenance
The District has contracted with Future Horizons Inc for the 24 ponds that require monthly maintenance and includes miscellaneous expenses.

Description	Monthly	Annual	
Future Horizons	$2,122	$25,469	
Fountain Maintenance
The District will incur expenses related to fountain maintenance.
Irrigation Repairs & Maintenance
The District will incur expenditures related to the maintenance of the irrigation systems.
Storm Clean-Up
Represents the estimated costs of Storm Clean-Up throughout the fiscal year.
Field Repairs & Maintenance
Represents estimated costs for the general repairs and maintenance of various facilities throughout the District.
Tree Removals
This item represents the estimated costs of removing any trees throughout the fiscal year.

New Trees/Replacement Trees
This item represents the estimated costs of installing and replacing damaged trees throughout the fiscal year.

Tree Pruning
This item represents the estimated costs of trimming Palm trees and Crepe Myrtles within the district.

Annual Flower Replacement
This item represents the estimated costs of annual flower replacement in addition to contract rotation.
Streetlight Repairs
The District will incur costs related to the repair and maintenance of streetlights not maintained by FPL within the District.
Signage Repair
The District will incur costs related to the repair and maintenance of the signage within the District.
Holiday Decoration
Represents an estimated cost for seasonal holiday decorations.
Miscellaneous Field Supplies
The District may incur costs for field maintenance supplies purchased on debit card for operations.

Expenditures – Amenities

Administrative:
Property & Casualty Insurance
The District’s property and casualty insurance coverage is provided by EGIS Insurance who specializes in providing insurance coverage to governmental agencies.
Facility Management
The District has contracted with Riverside Management Services to provide onsite amenity management and oversee the daily safety and enjoyment of residents by providing newsletters, communication, and email blasts. Management and staff will plan and execute special events throughout the year and monitor use and condition of Fitness Center and assist with budget process.
Performance Incentive
Bonus pool available for the Board to award performance incentive bonus to on-site staff as designated by Board policy.
Info Technology
The District incurs the expense for IT support for the computer systems. This also includes any license renewal/software updates to the District computer systems (i.e. McAfee Antivirus, MS Office) and repairs.
Licenses & Permits
This line item is the cost for the licensing and permits necessary for operation of the Swim and Fitness Center (i.e. Pool Operating Permits).
Subscriptions & Memberships
The District purchases supplies from Amazon for the district., Pandora music for amenity center and, Court reserve $125.
Description	Monthly	Annual	
Amazon Membership	$15	$180	
Pandora Music	$29	$348	
Court Reserve	$125	$1,500	

Training

Contingency		$1	$12 
Total	$170	$2,040

This line item is for material costs associated with annual CPR/First Aid/AED Training. Also included in this item are any other professional development courses.
Office Supplies
This line item is for office supplies purchased for the amenity office.
Office Equipment
This cost allocation represents the purchase of office equipment such as filing cabinets, printers, etc.
Communication – Telephone/Internet/TV
The District has an agreement with Comcast for this service. Additional monies budgeted for Marshall Creek Fitness Center Business Voice Edge and Village Key for quarterly monitoring with phone line.
Description	Monthly	Annual	
Village Key (Quarterly)	$20	$240	
Comcast	$756	$9,077	
Contingency		$24	$283 
Total	$800	$9,600
Internet/Telephone - Guard House
This line item is for the Comcast service agreement for internet and telephone for the guard house location.
Description	Monthly	Annual
AT&T	$150	$1,798
Contingency		$17	$202 
Total	$167	$2,000

Field Management
The District has contracted with Riverside Management Services to provide onsite field management of contracts for the District Services such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors and monitoring of utility accounts.

Facility Maintenance - Cost Share
Represents general maintenance completed on property represented in the Cost Share Agreement such as parks, fitness center, security, etc.

General Utilities
County Utility Department for amenity purposes.
Description	Monthly	Annual	
FP&L – 1187 Las Calinas Blvd #LITE	$165	$1,978	
FP&L – 1865 N Loop Parkway	$3,465	$41,576	
FP&L – 491 Ensenada Drive #PARK	$34	$408	
TECO – 1865 N Loop Parkway	$457	$5,487	
Florida Natural Gas – 1865 N Loop Parkway	$661	$7,928	
St John’s Utility Dept – 1187 Las Calinas Blvd	$43	$519	
St John’s Utility Dept – 1865 N Loop Parkway	$2,022	$24,263	
St John’s Utility Dept – 491 Ensenada Park	$16	$189	
Contingency	$686	$8,237	
Total	$7,549	$90,585	
Refuse Removal
The District has contracted with Republic Services for trash removal.
Security
The District has contracted with Hidden Eyes DBA Envera Services for security gate monitoring
Description	Monthly	Annual
Hidden Eyes DBA Envera	$3,488	41,857
Janitorial Services
The District has contracted with Marshall Creek CDD staffing services to provide commercial cleaning services for the amenities.
Operating Supplies - Spa & Paper
Represents expenses for restroom paper products, trash bags and other similar items.
Operating Supplies - Uniforms
Costs that will be incurred for uniforms for employees
Cleaning Supplies
Represents expenses for cleaning supplies.
Amenity Landscape Maintenance & Improvements
Represents costs for maintaining amenity center landscaping and any improvements to the landscape.
Gate Repairs & Maintenance
Represents estimated costs of repairing and/or maintaining the District’s gates.
Dog Park Repairs & Maintenance
Represents the cost for maintaining and repairing the District Dog Park.
Park Mulch
Cost for mulch used in the park.
Miscellaneous Field Supplies
This represents any Field Supplies expense that is purchased with Debit card cannot be otherwise categorized.
Buildings Repairs & Maintenance
The District may incur costs for various repairs and maintenance to the Amenity Center.
Pest Control
The District has contracted with Turner Pest Control to provide services to its buildings.
Pool Maintenance – Contract
Represents monthly water management costs for pool maintenance services contracted with Riverside Management Services.
Description	Monthly	Annual
Riverside Management Services	$1,704	$20,442

Pools Repairs & Maintenance
Represents any costs for pool maintenance services and repairs needed by Amenity Manager.
Pool Chemicals
Represents pool chemicals provided by Poolsure for amenity pool and any extra cost for pool chemicals/supplies purchased by amenity manager.
Signage & Amenity Repairs
Cost for sign purchases and replacements.
Special Events
Social and Promotional events for Swim & Fitness held on property, such as the Easter and the Halloween events.

Park Repair and Maintenance
Represents estimated cost for Onda Park maintenance services and repairs.
Pickleball Repair and Maintenance
Represents the estimated expenses for Pickball courts.
Guardhouse Maintenance
Represents the cost of maintenance for the guardhouse.
Playground Repairs & Maintenance
This District will incur costs related to the maintenance of its playground. This line item includes the cost of resealing the playground.

Fitness:
Professional Service - Outside Fitness
This category encompasses the Adult Fitness classes that are taught by fitness staff throughout the year.
Fitness Equipment Repairs & Maintenance
This category provides funds for any fitness equipment repair related expenses.
Fitness Equipment Rental
The District has a lease agreement with Geneva Capital for rental of fitness equipment for the Fitness facility. Currently renting spin bikes from Frank A Flori.

Miniature Golf Course Maintenance

Description	Monthly	Annual
Geneva Capital	$2,540	$30,477
Frank A Flori DBA Chariman's Enterprise		$513	$6,158 
Total	$3,053	$36,635

The District will incur costs related to the maintenance of the miniature golf course within the District.
Miscellaneous Fitness Supplies
Represents estimated costs for non-capitalizable fitness supplies, such as therapy bands, etc.
Capital Outlay - Machinery & Equipment
Represents any expenses for any fitness machinery or equipment that may be purchased.
Capital Outlay
Represents any expenses for the property represented in the Cost Share Agreement such as parks, fitness center, security, etc..

Capital Reserve Transfer
Funds collected and reserved for major repairs and/or maintenance to the pool and amenity building.

Proposed Budget
Debt Service Series 2019 Special Assessment Revenue Bonds

Description

Adopted Budget FY2025

Actuals Thru	Projected Next  Projected Thru

3/31/25

	6 Months	

9/30/25

Proposed Budget FY 2026

REVENUES:

Special Assessments - Tax Roll	$741,440	$718,752	$21,424	$740,176	$740,977	
Special Assessments - Prepayments	-	10,926	-	10,926	-	
Interest Income	30,000	12,469	5,178	17,647	30,000	
Carry Forward Surplus (1)	187,616	190,940	-	190,940	193,461	
TOTAL REVENUES	$959,056	$933,088	$26,602	$959,690	$964,439	

EXPENDITURES:						
Series 2019 - A1
Interest - 11/1	
$81,650	
$81,650	
$-	
$81,650	
$77,766	
Special Call -11/1	-	10,000		10,000	-	
Interest - 5/1	81,650	-	81,366	81,366	77,766	
Principal - 5/1	360,000	-	360,000	360,000	365,000	
Special Call - 5/1	-	-	10,000	10,000	-	
Series 2019 - A2
Interest - 11/1	
44,200	
44,200	
-	
44,200	
41,825	
Special Call -11/1	-	5,000	-	$5,000	-	
Interest - 5/1	44,200	-	44,013	44,013	41,825	
Principal - 5/1	130,000	-	125,000	125,000	130,000	
Special Call - 5/1	-	-	5,000	5,000	-	
TOTAL EXPENDITURES	$741,700	$140,850	$625,378	$766,228	$734,181	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$741,700	$140,850	$625,378	$766,228	$734,181	
						
EXCESS REVENUES (EXPENDITURES)	$217,356	$792,238	$(598,776)	$193,461	$230,258	

(1) Carry Forward is Net of Reserve Requirement	
A-1 Interest Due 11/1/26	
$73,888	
	A-2 Interest Due 11/1/26	39,550	
		$113,438	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
	
11/1/25	$	5,600,000.00	$	-	$	77,765.63	$	77,765.63	
5/1/26	$	5,600,000.00	$	365,000.00	$	77,765.63		
11/1/26	$	5,235,000.00	$	-	$	73,887.50	$	516,653.14	
5/1/27	$	5,235,000.00	$	375,000.00	$	73,887.50			
11/1/27	$	4,860,000.00	$	-	$	69,668.75	$	518,556.26	
5/1/28	$	4,860,000.00	$	385,000.00	$	69,668.75			
11/1/28	$	4,475,000.00	$	-	$	65,096.88	$	519,765.63	
5/1/29	$	4,475,000.00	$	390,000.00	$	65,096.88			
11/1/29	$	4,085,000.00	$	-	$	60,221.88	$	515,318.75	
5/1/30	$	4,085,000.00	$	405,000.00	$	60,221.88			
11/1/30	$	3,680,000.00	$	-	$	54,400.00	$	519,621.88	
5/1/31	$	3,680,000.00	$	415,000.00	$	54,400.00			
11/1/31	$	3,655,000.00	$	-	$	48,434.38	$	517,834.38	
5/1/32	$	3,265,000.00	$	425,000.00	$	48,434.38			
11/1/32	$	2,840,000.00	$	-	$	42,325.00	$	515,759.38	
5/1/33	$	2,840,000.00	$	440,000.00	$	42,325.00			
11/1/33	$	2,400,000.00	$	-	$	36,000.00	$	518,325.00	
5/1/34	$	2,400,000.00	$	450,000.00	$	36,000.00			
11/1/34	$	1,950,000.00	$	-	$	29,250.00	$	515,250.00	
5/1/35	$	1,950,000.00	$	465,000.00	$	29,250.00			
11/1/35	$	1,485,000.00	$	-	$	22,275.00	$	516,525.00	
5/1/36	$	1,485,000.00	$	480,000.00	$	22,275.00			
11/1/36	$	1,005,000.00	$	-	$	15,075.00	$	517,350.00	
5/1/37	$	1,005,000.00	$	495,000.00	$	15,075.00			
11/1/37	$	510,000.00	$	-	$	7,650.00	$	517,725.00	
5/1/38	$	510,000.00	$	510,000.00	$	7,650.00			
				$	517,650.00	
		$	5,600,000.00	$	1,204,100.00	$	6,804,100.02	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/1/25
5/1/26

$
$

2,160,000.00
2,160,000.00

$
$

-	$
130,000.00  $

41,825.00  $
41,825.00  $

41,825.00
-

11/1/26	$	2,030,000.00	$	-	$	39,550.00	$	211,375.00	
5/1/27	$	2,030,000.00	$	135,000.00	$	39,550.00	$	-	
11/1/27	$	1,895,000.00	$	-	$	37,187.50	$	211,737.50	
5/1/28	$	1,895,000.00	$	140,000.00	$	37,187.50	$	-	
11/1/28	$	1,755,000.00	$	-	$	34,737.50	$	211,925.00	
5/1/29	$	1,755,000.00	$	145,000.00	$	34,737.50	$	-	
11/1/29	$	1,610,000.00	$	-	$	32,200.00	$	211,937.50	
5/1/30	$	1,610,000.00	$	150,000.00	$	32,200.00	$	-	
11/1/30	$	1,460,000.00	$	-	$	29,200.00	$	211,400.00	
5/1/31	$	1,460,000.00	$	160,000.00	$	29,200.00	$	-	
11/1/31	$	1,300,000.00	$	-	$	26,000.00	$	215,200.00	
5/1/32	$	1,300,000.00	$	165,000.00	$	26,000.00	$	-	
11/1/32	$	1,135,000.00	$	-	$	22,700.00	$	213,700.00	
5/1/33	$	1,135,000.00	$	170,000.00	$	22,700.00	$	-	
11/1/33	$	965,000.00	$	-	$	19,300.00	$	212,000.00	
5/1/34	$	965,000.00	$	180,000.00	$	19,300.00	$	-	
11/1/34	$	785,000.00	$	-	$	15,700.00	$	215,000.00	
5/1/35	$	785,000.00	$	185,000.00	$	15,700.00	$	-	
11/1/35	$	600,000.00	$	-	$	12,000.00	$	212,700.00	
5/1/36	$	600,000.00	$	190,000.00	$	12,000.00	$	-	
11/1/36	$	410,000.00	$	-	$	8,200.00	$	210,200.00	
5/1/37	$	410,000.00	$	200,000.00	$	8,200.00	$	-	
11/1/37	$	210,000.00	$	-	$	4,200.00	$	212,400.00	
5/1/38	$	210,000.00	$	210,000.00	$	4,200.00	$	-	
					$	214,200.00	

$	2,160,000.00  $	645,600.00  $	2,805,600.00

Sweetwater Creek
Community Development District
Proposed Budget Capital Reserve Fund

Description

Adopted Budget FY2025

Actuals Thru	Projected Next  Projected Thru

3/31/25

	6 Months	

9/30/25

Proposed Budget FY 2026

REVENUES:

Capital Reserve - Transfer In

$100,000	$-	$-

$-	$315,000

Interest Income	5,000	6,420	5,400	11,820	9,000
Carry Forward Balance	444,309	405,337	-	405,337	395,335

TOTAL REVENUES

$549,309	$411,757

$5,400	$417,157	$719,335

EXPENDITURES:

Capital Outlay

$30,000	$-	$-

$-	$-

Repair & Maintenance (1)	21,317	-	21,317	21,317	93,210
Other Current Charges	600	246	258	504	600
Reserve Study	-	-	-	-	-

TOTAL EXPENDITURES

$51,917

$246

$21,575

$21,821

$93,810

Other Sources/(Uses)

Transfer in/(Out)

$-	$-	$-

$-	$0

TOTAL OTHER SOURCES/(USES)

$-

$-

$-

$-

$-

EXCESS REVENUES (EXPENDITURES)

$497,392	$411,510

$(16,175)	$395,335	$625,525

Sweetwater Creek Community Development District
Assessment Schedule - O&M
FY2025

Net O&M Assessments Collection fees (6%) Gross Assessments

$1,857,821.60
$118,584.36
$1,976,405.96

Product	Assessable
Units	
ERU/Unit	
ERU's	
% ERUs	Total Net
Assessments	
Net O&M	
Gross O&M	
Up to 63' Lot	469	1.00	469.00	58.17%	$	1,080,704.91	$ 2,304.27	$	2,451.36	
64-73' Lot	166	1.16	192.56	23.88%	$	443,711.17	$ 2,672.96	$	2,843.57	
80-88' Lot	42	1.40	58.80	7.29%	$	135,491.36	$ 3,225.98	$	3,431.90	
90' Lot	4	1.43	5.72	0.71%	$	13,180.45	$ 3,295.11	$	3,505.44	
Marsh (less than 15K sq ft)	6	1.40	8.40	1.04%	$	19,355.91	$ 3,225.98	$	3,431.90	
Marsh (15K-30K sq ft)	35	1.43	50.05	6.21%	$	115,328.96	$ 3,295.11	$	3,505.44	
Marsh (30K and greater)	6	1.50	9.00	1.12%	$	20,738.47	$ 3,456.41	$	3,677.03	
McCann Lots	8	1.59	12.72	1.58%	$	29,310.38	$ 3,663.80	$	3,897.66	
Total ERU's	736		806.25		$	1,857,821.60			

	FY2026	
Net O&M Assessments	$2,169,278.78	
Collection fees (6%)	$138,464.60	
Gross Assessments	$2,307,743.39	

Product	Assessable
Units	
ERU/Unit	
ERU's	
% ERUs	Total Net
Assessments	
Net O&M	
Gross O&M	
Increase	
Up to 63' Lot	469	1.00	469.00	58.17%	$	1,261,881.24	$ 2,690.58	$	2,862.32	$	410.96	
64-73' Lot	166	1.16	192.56	23.88%	$	518,097.76	$ 3,121.07	$	3,320.29	$	476.71	
80-88' Lot	42	1.40	58.80	7.29%	$	158,206.01	$ 3,766.81	$	4,007.24	$	575.35	
90' Lot	4	1.43	5.72	0.71%	$	15,390.11	$ 3,847.53	$	4,093.11	$	587.67	
Marsh (less than 15K sq ft)	6	1.40	8.40	1.04%	$	22,600.86	$ 3,766.81	$	4,007.24	$	575.35	
Marsh (15K-30K sq ft)	35	1.43	50.05	6.21%	$	134,663.45	$ 3,847.53	$	4,093.11	$	587.67	
Marsh (30K and greater)	6	1.50	9.00	1.12%	$	24,215.21	$ 4,035.87	$	4,293.48	$	616.44	
McCann Lots	8	1.59	12.72	1.58%	$	34,224.16	$ 4,278.02	$	4,551.08	$	653.43	
Total ERU's	736		806.25		$	2,169,278.78