Tranquility
Community Development District

Adopted Budget
FY2026

Table of Contents

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3-6
	General Fund

	General Fund Narrative

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY2026	

Revenues						
Phase 1 & 2 Assessments - On Roll	$	-	$	-	$	-	$	-	$	56,964	
Phase 3 Assessments - Direct	$	-	$	-	$	-	$	-	$	13,496	
Undeveloped Administrative Assessments - Direct	$	-	$	-	$	-	$	-	$	33,454	
Developer Contribution	$	142,891	$	39,692	$	33,624	$	73,316	$	150,290	
Total Revenues	$	142,891	$	39,692	$	33,624	$	73,316	$	254,204	

Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	400	
$	1,200	
$	1,600	
$	12,000	
FICA Expense	$	900	$	31	$	92	$	122	$	900	
Engineering	$	15,000	$	-	$	5,000	$	5,000	$	15,000	
Attorney	$	25,000	$	1,304	$	5,000	$	6,304	$	25,000	
Annual Audit	$	6,000	$	3,300	$	-	$	3,300	$	4,000	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,150	
Arbitrage	$	450	$	-	$	-	$	-	$	450	
Dissemination	$	5,000	$	-	$	-	$	-	$	5,150	
Trustee Fees	$	4,071	$	-	$	-	$	-	$	4,500	
Management Fees	$	42,500	$	31,875	$	10,625	$	42,500	$	43,775	
Information Technology	$	1,890	$	1,418	$	473	$	1,890	$	1,947	
Website Maintenance	$	1,260	$	945	$	315	$	1,260	$	1,298	
Telephone	$	300	$	-	$	50	$	50	$	300	
Postage & Delivery	$	1,000	$	22	$	100	$	122	$	1,000	
Insurance	$	5,720	$	5,408	$	-	$	5,408	$	7,434	
Printing & Binding	$	1,000	$	54	$	100	$	154	$	1,000	
Legal Advertising	$	10,000	$	869	$	4,000	$	4,869	$	10,000	
Other Current Charges	$	5,000	$	376	$	135	$	511	$	5,000	
Office Supplies	$	625	$	0	$	50	$	50	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	142,891	$	46,177	$	27,139	$	73,316	$	144,704	

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY2026		

Operations & Maintenance
Field Expenditures
Property Insurance	$	

-	$	

-	$	-	

$	

-	$	10,000		
Field Management	$	-	$	-	$	-	$	-	$	15,000		
Lake Maintenance	$	-	$	-	$	-	$	-	$	12,000		
Streetlights	$	-	$	-	$	-	$	-	$	45,000		
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	10,000		
General Repairs & Maintenance	$	-	$	-	$	-	$	-	$	7,500		
Stormwater Maintenance	$	-	$	-	$	-	$	-	$	5,000		
Contingency	$	-	$	-	$	-	$	-	$	5,000		
Total Operations & Maintenance	$	-	$	-	$	-	$	-	$	109,500		

Product	ERU's	Units	ERU/Unit	Net Assessments	Net Per Unit	Gross Per Unit
Single Family 50' - Direct	67.00	67	1.00	$	13,496	$	201.43	$	214.29	
Single Family 70' - On Roll	282.80	202	1.40	$	56,964	$	282.00	$	300.00	
Totals	349.80	269		$	70,460					

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District to pay for operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer provides 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 Supervisors and the District Manager.

Attorney

The District's legal counsel provides 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 of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

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 an anticipated bond issuance.

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. This cost is based upon an anticipated bond issuance.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

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, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

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. Governmental Management Services – Central Florida, LLC provides these systems.

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.
Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

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.

Field Expenditures:

Property Insurance

The District’s estimated property insurance coverages.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Lake Maintenance

Represents the estimated costs of maintaining the lake for the District.

Streetlights

Encompasses the budgeted amount for the District’s decorative light poles and fixtures in various locations.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Stormwater Maintenance

Represents the estimated costs of maintaining the District’s stormwater systems.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.