Sweetwater  Creek

Community Development District Proposed Budget
FY2026

June 5, 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	4/30/25	  5 Months		9/30/25	FY 2026	

REVENUES:	.					
Special Assessments - Tax Roll	$1,857,822	$1,846,749	$11,073	$1,857,822	$1,983,623	
Fitness Center Revenue	2,000	4,680	2,000	6,680	4,500	
Cost Sharing - Marshall Creek Revenue	-	-	-	-	-	
Interest/Miscellaneous	25,000	23,679	14,821	38,500	30,000	
Swim Team Revenue	-	-	3,000	3,000	-	
Insurance Proceeds	-	1,820	-	1,820	-	
Carry Forward Surplus	-	-	2,348	2,348	-	
TOTAL REVENUES	$1,884,822	$1,876,928	$33,242	$1,910,170	$2,018,123	

EXPENDITURES:						
General and Administrative						
Supervisor Fees	$12,000	$8,400	$4,200	$12,600	$14,000	
Engineering Fees	20,000	13,422	6,578	20,000	20,000	
District Counsel	63,599	43,436	24,931	68,367	65,000	
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	3,415	2,097	5,512	5,788	
Trustee Fees	3,800	3,143	657	3,800	4,139	
Management Fees	44,200	25,783	18,417	44,200	46,410	
Information Technology	1,482	865	618	1,482	1,556	
Website Maintenace	1,040	607	433	1,040	1,092	
Telephone	742	197	483	680	742	
Postage & Delivery	3,000	1,561	1,653	3,214	3,300	
Public Official Insurance	5,172	5,224	-	5,224	5,400	
Copies	2,500	1,337	2,829	4,165	4,200	
Legal Advertising	2,000	278	1,722	2,000	2,000	
Miscellaneous	1,500	425	1,075	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	$113,468	$169,991	$283,459	$285,061	
Operations & Maintenance						
Utilities
Electric	
$78,000	
$43,312	
$31,938	
75,250	
$82,500	
General Insurance/Workers Comp	6,884	5,892	-	5,892	6,629	
Landscape Maintenance	291,276	169,911	121,365	291,276	300,014	
Landscape Improvements	50,000	8,232	41,768	50,000	50,000	
Mulch	50,000	20,000	30,000	50,000	50,000	
Lake Maintenance	22,000	14,857	10,612	25,469	25,469	
Fountain Maintenance	1,500	-	1,500	1,500	1,500	
Irrigation Repairs & Maintenance	39,000	27,135	11,865	39,000	50,000	
Storm Clean-Up	10,000	-	5,000	5,000	10,000	
Field Repairs & Maintenance	36,000	27,671	8,329	36,000	36,000	
Tree Removals	14,000	6,650	7,350	14,000	14,000	
Tree Replacements	-	1,820	-	1,820	2,000	
Tree Pruning	15,000	5,480	9,520	15,000	17,000	
Streetlight Repairs	2,250	-	1,000	1,000	2,250	
Signage Repairs	1,000	1,456	-	1,456	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	$336,100	$285,063	$621,163	$656,863	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	4/30/25	  5 Months		9/30/25	FY 2026	
	.					
Amenities						
Administrative
Property & Casualty Insurance	
$43,218	
$40,216	
$0	
$40,216	
$43,933	
Facility Management	266,340	165,170	101,170	266,340	291,523	
Performance Incentive	10,000	8,492	-	8,492	10,000	
Info Technology	-	795	-	795	1,000	
Licenses & Permits	770	-	350	350	770	
Subscriptions & Memberships	2,040	875	625	1,500	2,040	
Training	-	219	-	219	500	
Office Supplies	3,000	1,314	1,086	2,400	2,500	
Office Equipment	2,500	756	1,744	2,500	2,500	
Communication - Telephone/Internet/TV	12,000	5,099	4,432	9,531	9,600	
Internet/Telephone - Guard House	4,500	1,952	750	2,702	2,000	
Field						
Field Management Fees	92,602	54,018	38,584	92,602	97,232	
Facility Maintenance - Cost Share	-	897	-	897	20,000	
General Utilities	78,000	48,299	34,051	82,350	90,585	
Refuse Removal	6,725	4,446	3,500	7,946	9,600	
Security	41,137	22,701	17,440	40,141	41,857	
Janitorial Services	43,467	23,545	18,111	41,656	45,640	
Operating Supplies - Spa & Paper	4,000	1,917	2,083	4,000	4,000	
Operating Supplies - Uniforms	500	535	-	535	500	
Cleaning Supplies	12,500	6,864	5,636	12,500	10,000	
Amenity Landscape Maintenance & Improvements	22,872	31,026	9,815	40,841	52,000	
Gate Repairs & Maintenance	2,500	868	1,632	2,500	5,000	
Dog Park Repairs & Maintenance	6,000	1,167	2,699	3,866	6,000	
Park Mulch	5,000	-	5,000	5,000	5,000	
Miscellaneous Field Supplies	4,100	188	1,092	1,280	2,000	
Buildings Repairs & Maintenance	30,000	34,469	1,088	35,557	36,000	
Pest Control	1,800	894	418	1,313	1,800	
Pool Maintenance - Contract	19,469	11,357	8,112	19,469	20,442	
Pool Repairs & Maintenance	3,000	523	2,478	3,000	3,000	
Pool Chemicals	30,000	16,011	12,000	28,011	30,000	
Signage & Amenity Repairs	300	101	-	101	300	
Special Events	2,000	1,027	973	2,000	2,000	
Park Repair & Maintenance	10,000	8,585	-	8,585	10,000	
Pickleball Repair & Maintenance	3,000	9,009	-	9,009	3,000	
Guardhouse Maintenance	2,500	-	500	500	2,500	
Playground Repairs & Maintenance	5,000	7,139	-	7,139	5,000	
Fitness				-		
Professional Services - Outside Fitness	55,515	25,715	23,285	49,000	60,000	
Fitness Equipment Repairs & Maintenance	7,000	1,958	1,242	3,200	5,000	
Fitness Equipment Rental	36,635	20,549	12,699	33,248	30,477	
Miniature Golf Course Maintenance	500	355	-	355	500	
Miscellaneous Fitness Supplies	6,300	515	3,285	3,800	4,000	
Capital Outlay - Machinery & Equipment	6,400	1,177	5,223	6,400	6,400	
Capital Outlay	-	23,702	-	23,702	-	
TOTAL AMENITIES	$883,190	$584,444	$321,104	$905,548	$976,199	
						
TOTAL EXPENDITURES	$1,784,822	$1,034,012	$776,158	$1,810,170	$1,918,123	

Other Sources/Uses						
Capital Reserve	($100,000)	$0	($100,000)	($100,000)	($100,000)	
TOTAL OTHER SOURCES/(USES)	$(100,000)	$-	$(100,000)	$(100,000)	$(100,000)	
						
EXCESS REVENUES (EXPENDITURES)	$(0)	$842,916	$(842,916)	$-	$-	

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 14 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.
Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2019 Special Assessment Revenue Bonds. The District has contracted with GNP Services, Inc. to calculate the arbitrage rebate liability and submit a report to the District.
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.

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.

Description	Monthly	Annual	
Geneva Capital	$2,540	$30,477	
Miniature Golf Course Maintenance
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

4/30/25

	5 Months	

9/30/25

Proposed Budget FY 2026

REVENUES:

Special Assessments - Tax Roll	$741,440	$734,210	$5,966	$740,176	$740,977	
Special Assessments - Prepayments	-	10,926	-	10,926	-	
Interest Income	30,000	16,173	9,150	25,323	25,000	
Carry Forward Surplus (1)	187,616	190,940	-	190,940	201,137	
TOTAL REVENUES	$959,056	$952,249	$15,116	$967,365	$967,114	

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	$811,399	$(610,262)	$201,137	$232,933	

(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

Adopted
Budget	Actuals Thru	Projected Next  Projected Thru

Proposed Budget

Proposed Budget Capital Reserve Fund

Description	FY2025	4/30/25		5 Months		9/30/25	FY 2026	
REVENUES:						
Capital Reserve - Transfer In	$100,000	$-	$100,000	$100,000	$100,000	
Interest Income	5,000	7,442	5,110	12,552	10,000	
Carry Forward Balance	444,309	405,337	-	405,337	496,068	
TOTAL REVENUES	$549,309	$412,779	$105,110	$517,889	$606,068	

EXPENDITURES:						
Capital Outlay	$30,000	$-	$-	$-	$-	
Repair & Maintenance (1)	21,317	-	21,317	21,317	93,210	
Other Current Charges	600	289	215	504	600	
TOTAL EXPENDITURES	$51,917	$289	$21,532	$21,821	$93,810	

Other Sources/(Uses)						
Transfer in/(Out)	$-	$-	$-	$-	$0	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
EXCESS REVENUES (EXPENDITURES)	$497,392	$412,490	$83,578	$496,068	$512,258	

(1)Pavement Repairs/Pool Furniture including Chair Lift						
Capital Reserve Study

General

Decsription	FY 2026-
Reserve Study	
Reserves Beginning of Year	$720,131	
Contributions	$315,000	
Interest Income	$16,621	
Expenditures	($93,210)	
Anticipated Balance	$958,542	

Budget Fiscal Year 2026		
Decsription	Budget
FY 2026	
Reserves Beginning of Year	$497,392	
Contributions	$100,000	
Interest Income	$10,000	
Expenditures	($93,810)	
Anticipated Balance	$513,582	
		
Variance Reserve Study Vs Actual	($444,960)	

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	$1,983,622.71	
Collection fees (6%)	$126,614.22	
Gross Assessments	$2,110,236.92	

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%	$	1,153,884.09	$ 2,460.31	$	2,617.35	$	165.99	
64-73' Lot	166	1.16	192.56	23.88%	$	473,756.76	$ 2,853.96	$	3,036.12	$	192.55	
80-88' Lot	42	1.40	58.80	7.29%	$	144,666.07	$ 3,444.43	$	3,664.29	$	232.39	
90' Lot	4	1.43	5.72	0.71%	$	14,072.96	$ 3,518.24	$	3,742.81	$	237.37	
Marsh (less than 15K sq ft)	6	1.40	8.40	1.04%	$	20,666.58	$ 3,444.43	$	3,664.29	$	232.39	
Marsh (15K-30K sq ft)	35	1.43	50.05	6.21%	$	123,138.38	$ 3,518.24	$	3,742.81	$	237.37	
Marsh (30K and greater)	6	1.50	9.00	1.12%	$	22,142.77	$ 3,690.46	$	3,926.02	$	248.99	
McCann Lots	8	1.59	12.72	1.58%	$	31,295.11	$ 3,911.89	$	4,161.58	$	263.93	
Total ERU's	736		806.25		$	1,983,622.71