VillaMar
Community Development District

Proposed Budget
FY 2026

Table of Contents

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18

	General Fund

	General Fund Narrative

	Capital Reserve Fund

	Series 2019 Debt Service Fund

	Series 2019 Amortization Schedule

	Series 2020 Debt Service Fund

	Series 2020 Amortization Schedule

	Series 2022 A3 Debt Service Fund

	Series 2022 A3 Amortization Schedule

	Series 2022 A4 Debt Service Fund

	Series 2022 A4 Amortization Schedule

	Series 2023 A5 Debt Service Fund

	Series 2023 A5 Amortization Schedule

	Series 2024 A6 Debt Service Fund

	Series 2024 A6 Amortization Schedule

VillaMar	
Community Development District	
Proposed Budget FY 2026	
General Fund	

Adopted	Actuals	Projected	Total	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues						
Assessments - Tax Roll	$	984,004	$	980,623	$	3,381	$	984,004	$  1,260,612	
Assessments - Direct Bill (Unplatted 8)	71,847	53,883	17,964	71,847	20,706	
Interest Income	-	4,449	2,964	7,413	5,000	
Miscellaneous Revenue	-	4,168	-	4,168	-	

Total Revenues	$ 1,055,851	$	1,043,123	$	24,309	$ 1,067,432	$ 1,286,318	

Expenditures

Administrative						
Supervisor Fees	$	12,000	$	1,600	$	6,000	$	7,600	$	12,000	
Engineering	7,500	-	6,000	6,000	7,500	
Attorney	30,000	8,023	21,977	30,000	30,000	
Annual Audit	5,600	1,000	6,100	7,100	7,200	
Assessment Administration	10,000	10,000	-	10,000	10,300	
Bonds Amortization Filing	-	3,500	-	3,500	4,000	
Arbitrage	2,700	900	1,800	2,700	2,700	
Dissemination	10,000	5,833	4,167	10,000	10,300	
Trustee Fees	29,800	15,301	9,087	24,388	29,800	
Management Fees	44,625	26,031	18,594	44,625	45,964	
Information Technology	1,890	1,103	788	1,890	1,947	
Website Maintenance	1,260	735	525	1,260	1,298	
Postage & Delivery	3,500	518	1,900	2,418	3,000	
Insurance General Liability	6,886	6,408	-	6,408	7,000	
Printing & Binding	500	181	69	250	500	
Legal Advertising	10,000	-	5,000	5,000	3,160	
Office Supplies	500	366	134	500	500	
Other Current Charges	1,500	8	5,114	5,122	2,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	

Subtotal Administrative	$	178,436	$	81,681	$	87,254	$	168,936	$	179,343	

Operations & Maintenance

Field Expenditures						
Property Insurance	$	18,854	$	14,133	$	-	$	14,133	$	27,500	
Field Management	22,500	13,125	9,375	22,500	23,175	
Landscape Maintenance	226,000	86,905	62,075	148,980	226,000	
Landscape Replacement	22,500	2,414	20,087	22,500	35,000	
Pond Maintenance	32,000	13,566	9,690	23,256	35,000	
Electric - Streetlights	166,320	97,901	67,517	165,418	190,000	
Electric	3,000	2,089	1,492	3,581	5,000	
Water & Sewer	30,000	22,007	16,836	38,843	50,000	
Sidewalk & Asphalt Maintenance	2,500	4,284	-	4,284	5,000	
Irrigation Repairs	10,000	2,883	7,117	10,000	10,000	
General Repairs & Maintenance	25,000	12,139	12,861	25,000	30,000	
Contingency	40,000	20,151	717	20,868	25,000	

Subtotal Field Expenditures	$	598,674	$	291,597	$  207,766	$	499,363	$	661,675	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
General Fund	

Adopted	Actuals	Projected	Total	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Amenity Expenditures

Amenity - Electric	$	18,000	$	8,976	$	2,141	$	11,117	$	24,000	
Amenity - Water	20,000	7,519	3,759	11,278	20,000	
Playground & Furniture Lease	35,000	17,325	17,676	35,000	65,000	
Internet	3,000	1,365	1,052	2,417	5,000	
Pest Control	660	350	250	600	2,000	
Janitorial Services	11,780	8,335	3,445	11,780	30,700	
Security Services	36,036	22,858	16,742	39,600	72,000	
Pool Maintenance - Contract	34,440	24,265	10,175	34,440	70,900	
Pool Maintenance - R&M	-	-	-	-	7,700	
Fountain Maintenance	-	-	-	-	1,000	
Amenity Access Management	7,500	4,375	3,125	7,500	15,000	
Amenity Repairs & Maintenance	10,000	4,577	5,423	10,000	20,000	
Holiday Decorations	10,000	10,000	-	10,000	20,000	
Contingency	10,000	14,506	9,969	24,475	25,000	

Subtotal Amenity Expenditures	$	196,416	$	124,451	$	73,757	$	198,207	$	378,300	

Total Operations & Maintenance	$	795,090	$	416,048	$  281,523	$	697,570	$ 1,039,975	

Total Expenditures	$	973,526	$	497,729	$  368,777	$	866,506	$ 1,219,318	

Other Financing Sources/(Uses):

$	(82,325)	$	-	$  (200,925)	$	(200,925)	$	(67,000)	

Capital Reserves

Total Other Financing Uses	$	(82,325)	$	-	$ (200,925)	$  (200,925)	$	(67,000)	

Net Change in Fund Balance	$	-	$	545,393	$  (545,393)	$	-	$	-	

Gross Assessments	$  1,377,762
Less: Discounts & Collections 7 $	96,443 
Net Assessments	 $ 1,281,318 

Product	

ERU's	
Assessable Units	

ERU/Unit	

Net Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	
Increase/ (Decrease)	
Single Family	1791	1791	1	$1,260,611.80	$756.84	$756.84	$0.00	
Phase 8 - Unplatted	29	211	0.14	$20,706.41	$127.90	$105.52	-$22.38	
Total ERU's	1820	2002		$1,281,318.21				

VillaMar	
Community Development District	
Budget Narrative	
Proposed Budget FY 2026	

REVENUES	
Maintenance Assessements	
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	
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.	
Engineering	
The District's engineer will be providing 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 currently has a contract with Kilinski Van Wyk, PLLC. to provide legal counsel services. This contract includes preparation for board meetings, review of contracts, review of agreements and resolutions and other research 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 Administration	
Expenditures with Governmental Management Services related to adminitration of the District's Assessment Roll.	
Bond Amortization Filing	
The District will contract with an independent certified public accountant to calculate and update the District’s Amortization on its Series 2019, Series 2020, Series 2022 Series 2023 and Series 2024 bonds as well as one other anticipated bond issuance.	
Arbitrage	
The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2019, Series 2020, Series 2022, Series 2023 and Series 2024 bonds as well as one other 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 with Governmental Management Services – Central Florida LLC is based upon the Series 2019, Series 2020, and Series 2022 bonds as well as one other anticipated bond issuance. The District has an agreement for $5000 for the first bond issuance, and an additional $1000 for each issuance after.	
Trustee Fees	
The District will incur trustee related costs with the issuance of its’ issued bonds.	
Management Fees	
The District has contracted with Governmental Management Services to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.	
Information Technology	
Represents costs with Governmental Management Services – Central Florida LLC 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.	

VillaMar	
Community Development District	
Budget Narrative	
Proposed Budget FY 2026	

Expenditures - Administrative (continued)	
Website Maintenance	
Represents the costs with Governmental Management Services 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.	
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.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Department of Commerce for $175.	

Expenditures - Field	
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.	
Field Management	
Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. These services are provided by Governmental Management Services-Central Florida, LLC. Services provided include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.	
Landscape Maintenance	
Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Prince & Sons, Inc. to provide these services.	
Landscape Replacement	
Represents the estimated cost of replacing landscaping within the common areas of the District.	
Pond Maintenance	
Represents the estimated costs to maintain the ponds within the District’s boundaries. This service is provided by Solitude Lake Management.	
Electric - Streetlights	
Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.	
Electric	
Represents current and estimated electric charges of common areas throughout the District.	
Water & Sewer	
Represents current and estimated costs for water and refuse services provided for common areas throughout the District.	

VillaMar	
Community Development District	
Budget Narrative	
Proposed Budget FY 2026	

Expenditures - Field (Continued)	
Sidewalk & Asphalt Maintenance	
Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.	
Irrigation Repairs	
Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.	
General Repairs & Maintenance	
Represents estimated costs for general repairs and maintenance of the District’s common areas.	
Contingency	
Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.	
Expenditures - Amenity	
Amenity - Electric	
Represents estimated electric charges for the District’s amenity facilities.	
Amenity – Water & Sewer	
Represents estimated water charges for the District’s amenity facilities.	
Playground & Furniture Lease	
The District has entered into a leasing agreement for playgrounds and pool furniture installed in the community with WHFS,
LLC.	
Internet	
Internet service will be added for use at the Amenity Centers. This service is provided by Spectrum.	
Pest Control	
The District will incur costs for pest control treatments to its amenity facilities.	
Janitorial Services	
Represents the costs to provide janitorial services 3 times a week and supplies for the District’s amenity facilities. The District is contracted with CSS Clean Star Services of Central Florida, Inc. for these services.	
Security Services	
Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.	
Pool Maintenance	
Represents the costs of regular cleaning and treatments of the District’s pools. The District is contracted with Resort Pool Services for these services.	
Pool R&M	
Represents the costs of repairs and maintenance other than the contractual services of the District’s pools as they occur.	
Amenity Management	
Provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.	
Amenity Repairs & Maintenance	
Represents estimated costs for repairs and maintenance of the District’s amenity facilities.	
Holiday Decorations	
Estimated cost for installation of holiday lights and décor as well as supplies.	
Contingency	
Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.	
Other Financing Uses	
Capital Reserves	
Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Capital Reserve	

Adopted	Actuals	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Carry Forward Surplus	

$	39,350	$	-	$	87,520	$	87,520	$	146,845	

Total Revenues	$	39,350	$	-	$	87,520	$	87,520	$  146,845	

Expenditures

Chair Lift Replacement	$	10,500	$	-	$	10,500	$	10,500	$	13,500	
Furniture Replacement	12,500	-	12,500	12,500	20,000	
Contingency	600	-	-	-	-	

Total Expenditures	$	23,600	$	-	$	23,000	$	23,000	$	33,500	

Other Financing Sources/(Uses):

Capital Reserves	$	82,325	$	-	$	82,325	$	82,325	$	67,000	

Total Other Financing Uses	$	82,325	$	-	$	82,325	$	82,325	$	67,000	

Net Change in Fund Balance	$	98,075	$	-	$	146,845	$	146,845	$	180,345	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2019 Area 1 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	403,763	$	402,230	$	1,532	$	403,763	$	403,763	
-	9,186	5,000	14,186	6,000	
183,440	186,926	-	186,926	199,200	

Total Revenues	$  587,203	$  598,342	$	6,532	$  604,875	$  608,962	
Expenditures

Interest - 11/1	
Principal - 5/1	
Interest - 5/1	

$	140,338	$	140,338	$	-	$	140,338	$	137,838	
125,000	-	125,000	125,000	130,000	
140,338	-	140,338	140,338	137,838	

Total Expenditures	$  405,675	$  140,338	$  265,338	$  405,675	$  405,675	

Net Change in Fund Balance	$	181,528	$	458,005	$  (258,805)	$	199,200	$	203,287	

Interest Expense 11/1/26	$	135,238	
Total	$	135,238	

Gross
Maximum Annual  Net Assessment  Assessment Per
Product	Assessable Units	Debt Service	Per Unit	Unit	
Single Family	333	$	403,763  $	1,213  $	1,304	
333	$	403,763	

VillaMar	
Community Development District	
Series 2019 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	

05/01/25	
$	5,975,000	
4.000%	
$	125,000	
$	140,338	
$	-	
11/01/25	5,850,000	4.000%	-	137,838	403,175	
05/01/26	5,850,000	4.000%	130,000	137,838	-	
11/01/26	5,720,000	4.000%	-	135,238	403,075	
05/01/27	5,720,000	4.000%	135,000	135,238	-	
11/01/27	5,585,000	4.000%	-	132,538	402,775	
05/01/28	5,585,000	4.000%	140,000	132,538	-	
11/01/28	5,445,000	4.000%	-	129,738	402,275	
05/01/29	5,445,000	4.000%	145,000	129,738	-	
11/01/29	5,300,000	4.625%	-	126,838	401,575	
05/01/30	5,300,000	4.625%	150,000	126,838	-	
11/01/30	5,150,000	4.625%	-	123,369	400,206	
05/01/31	5,150,000	4.625%	160,000	123,369	-	
11/01/31	4,990,000	4.625%	-	119,669	403,038	
05/01/32	4,990,000	4.625%	165,000	119,669	-	
11/01/32	4,825,000	4.625%	-	115,853	400,522	
05/01/33	4,825,000	4.625%	175,000	115,853	-	
11/01/33	4,650,000	4.625%	-	111,806	402,659	
05/01/34	4,650,000	4.625%	180,000	111,806	-	
11/01/34	4,470,000	4.625%	-	107,644	399,450	
05/01/35	4,470,000	4.625%	190,000	107,644	-	
11/01/35	4,280,000	4.625%	-	103,250	400,894	
05/01/36	4,280,000	4.625%	200,000	103,250	-	
11/01/36	4,080,000	4.625%	-	98,625	401,875	
05/01/37	4,080,000	4.625%	210,000	98,625	-	
11/01/37	3,870,000	4.625%	-	93,769	402,394	
05/01/38	3,870,000	4.625%	220,000	93,769	-	
11/01/38	3,650,000	4.625%	-	88,681	402,450	
05/01/39	3,650,000	4.625%	230,000	88,681	-	
11/01/39	3,420,000	4.875%	-	83,363	402,044	
05/01/40	3,420,000	4.875%	240,000	83,363	-	
11/01/40	3,180,000	4.875%	-	77,513	400,875	
05/01/41	3,180,000	4.875%	255,000	77,513	-	
11/01/41	2,925,000	4.875%	-	71,297	403,809	
05/01/42	2,925,000	4.875%	265,000	71,297	-	
11/01/42	2,660,000	4.875%	-	64,838	401,134	
05/01/43	2,660,000	4.875%	280,000	64,838	-	
11/01/43	2,380,000	4.875%	-	58,013	402,850	
05/01/44	2,380,000	4.875%	295,000	58,013	-	
11/01/44	2,085,000	4.875%	-	50,822	403,834	
05/01/45	2,085,000	4.875%	305,000	50,822	-	
11/01/45	1,780,000	4.875%	-	43,388	399,209	
05/01/46	1,780,000	4.875%	320,000	43,388	-	
11/01/46	1,460,000	4.875%	-	35,588	398,975	
05/01/47	1,460,000	4.875%	340,000	35,588	-	
11/01/47	1,120,000	4.875%	-	27,300	402,888	
05/01/48	1,120,000	4.875%	355,000	27,300	-	
11/01/48	765,000	4.875%	-	18,647	400,947	
05/01/49	765,000	4.875%	375,000	18,647	-	
11/01/49	390,000	4.875%	-	9,506	403,153	
05/01/50	390,000	4.875%	390,000	9,506	399,506	

$	5,975,000	$	4,470,588	$	10,445,588	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2020 Area 2 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	369,050	$	367,650	$	1,400	$	369,050	$	369,050	
-	8,267	3,680	11,947	5,000	
159,690	161,119	-	161,119	175,485	

Total Revenues	$  528,740	$  537,037	$	5,080	$  542,116	$  549,535	
Expenditures

Interest - 11/1	
Principal - 5/1	
Interest - 5/1	

$	115,816	$	115,816	$	-	$	115,816	$	114,044	
135,000	-	135,000	135,000	140,000	
115,816	-	115,816	115,816	114,044	

Total Expenditures	$  366,631	$  115,816	$  250,816	$  366,631	$  368,088	

Net Change in Fund Balance	$	162,109	$	421,221	$  (245,736)	$	175,485	$	181,447	

Interest Expense 11/1/26	$	111,804	
Total	$	111,804	

Gross
Maximum Annual  Net Assessment  Assessment Per
Product	Assessable Units	Debt Service	Per Unit	Unit	
Single Family - Adams	97	$	130,950  $	1,350  $	1,452	
Single Family - D.R. Horton	103	$	128,750  $	1,250  $	1,344	
Single Family	81	$	109,350 $	1,350 $	1,452	
281	$	369,050	

VillaMar	
Community Development District	
Series 2020 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	

05/01/25	$	6,110,000	2.625%	$	135,000	$	115,816	$	-	
11/01/25	5,975,000	3.200%	-	114,044	364,859	
05/01/26	5,975,000	3.200%	140,000	114,044	-	
11/01/26	5,835,000	3.200%	-	111,804	365,848	
05/01/27	5,835,000	3.200%	145,000	111,804	-	
11/01/27	5,690,000	3.200%	-	109,484	366,288	
05/01/28	5,690,000	3.200%	150,000	109,484	-	
11/01/28	5,540,000	3.200%	-	107,084	366,568	
05/01/29	5,540,000	3.200%	155,000	107,084	-	
11/01/29	5,385,000	3.200%	-	104,604	366,688	
05/01/30	5,385,000	3.200%	160,000	104,604	-	
11/01/30	5,225,000	3.750%	-	102,044	366,648	
05/01/31	5,225,000	3.750%	165,000	102,044	-	
11/01/31	5,060,000	3.750%	-	98,950	365,994	
05/01/32	5,060,000	3.750%	170,000	98,950	-	
11/01/32	4,890,000	3.750%	-	95,763	364,713	
05/01/33	4,890,000	3.750%	180,000	95,763	-	
11/01/33	4,710,000	3.750%	-	92,388	368,150	
05/01/34	4,710,000	3.750%	185,000	92,388	-	
11/01/34	4,525,000	3.750%	-	88,919	366,306	
05/01/35	4,525,000	3.750%	190,000	88,919	-	
11/01/35	4,335,000	3.750%	-	85,356	364,275	
05/01/36	4,335,000	3.750%	200,000	85,356	-	
11/01/36	4,135,000	3.750%	-	81,606	366,963	
05/01/37	4,135,000	3.750%	205,000	81,606	-	
11/01/37	3,930,000	3.750%	-	77,763	364,369	
05/01/38	3,930,000	3.750%	215,000	77,763	-	
11/01/38	3,715,000	3.750%	-	73,731	366,494	
05/01/39	3,715,000	3.750%	225,000	73,731	-	
11/01/39	3,490,000	3.750%	-	69,513	368,244	
05/01/40	3,490,000	3.750%	230,000	69,513	-	
11/01/40	3,260,000	3.750%	-	65,200	364,713	
05/01/41	3,260,000	4.000%	240,000	65,200	-	
11/01/41	3,020,000	4.000%	-	60,400	365,600	
05/01/42	3,020,000	4.000%	250,000	60,400	-	
11/01/42	2,770,000	4.000%	-	55,400	365,800	
05/01/43	2,770,000	4.000%	260,000	55,400	-	
11/01/43	2,510,000	4.000%	-	50,200	365,600	
05/01/44	2,510,000	4.000%	270,000	50,200	-	
11/01/44	2,240,000	4.000%	-	44,800	365,000	
05/01/45	2,240,000	4.000%	285,000	44,800	-	
11/01/45	1,955,000	4.000%	-	39,100	368,900	
05/01/46	1,955,000	4.000%	295,000	39,100	-	
11/01/46	1,660,000	4.000%	-	33,200	367,300	
05/01/47	1,660,000	4.000%	305,000	33,200	-	
11/01/47	1,355,000	4.000%	-	27,100	365,300	
05/01/48	1,355,000	4.000%	320,000	27,100	-	
11/01/48	1,035,000	4.000%	-	20,700	367,800	
05/01/49	1,035,000	4.000%	330,000	20,700	-	
11/01/49	705,000	4.000%	-	14,100	364,800	
05/01/50	705,000	4.000%	345,000	14,100	-	
11/01/50	360,000	4.000%	-	7,200	366,300	
05/01/51	360,000	4.000%	360,000	7,200	367,200	

$	6,110,000	$	3,776,716	$	9,886,716	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2022 Area 3 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	165,060	$	138,379	$	526	$	138,905	$	138,905	
-	3,966	1,500	5,466	1,000	
66,015	129,842	-	129,842	136,863	

Total Revenues	$  231,074	$  272,186	$	2,026	$  274,213	$  276,768	

Expenditures	
Interest - 11/1	
Principal - 11/1	
Interest - 5/1	

$	44,066	$	44,066	$	-	$	44,066	$	43,284	
50,000	50,000	-	50,000	50,000	
43,284	-	43,284	43,284	42,503	

Total Expenditures	$  137,350	$	94,066	$	43,284	$  137,350	$  135,788	

Net Change in Fund Balance	$	93,724	$	178,121	$	(41,258)	$	136,863	$	140,980	

Interest Expense 11/1/26	$	42,503	
Principal Expense 11/1/26	$	50,000	
Total	$	92,503	

Gross
Maximum Annual  Net Assessment  Assessment Per
Product	Assessable Units	Debt Service	Per Unit	Unit	
Single Family	83	$	103,394 $	1,246 $	1,339.48	
Single Family - Paid Down	57	$	35,511 $	623 $	669.89	
140	$	138,905	

VillaMar	
Community Development District	
Series 2022 A3 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	2,235,000	3.125%	$	-	$	43,284	$	-	
11/01/25	2,235,000	3.125%	50,000	43,284	136,569	
05/01/26	2,185,000	3.125%	-	42,503	-	
11/01/26	2,185,000	3.125%	50,000	42,503	135,006	
05/01/27	2,135,000	3.125%	-	41,722	-	
11/01/27	2,135,000	3.125%	55,000	41,722	138,444	
05/01/28	2,080,000	3.500%	-	40,863	-	
11/01/28	2,080,000	3.500%	55,000	40,863	136,725	
05/01/29	2,025,000	3.500%	-	39,900	-	
11/01/29	2,025,000	3.500%	55,000	39,900	134,800	
05/01/30	1,970,000	3.500%	-	38,938	-	
11/01/30	1,970,000	3.500%	60,000	38,938	137,875	
05/01/31	1,910,000	3.500%	-	37,888	-	
11/01/31	1,910,000	3.500%	60,000	37,888	135,775	
05/01/32	1,850,000	3.500%	-	36,838	-	
11/01/32	1,850,000	3.500%	65,000	36,838	138,675	
05/01/33	1,785,000	4.000%	-	35,700	-	
11/01/33	1,785,000	4.000%	65,000	35,700	136,400	
05/01/34	1,720,000	4.000%	-	34,400	-	
11/01/34	1,720,000	4.000%	65,000	34,400	133,800	
05/01/35	1,655,000	4.000%	-	33,100	-	
11/01/35	1,655,000	4.000%	70,000	33,100	136,200	
05/01/36	1,585,000	4.000%	-	31,700	-	
11/01/36	1,585,000	4.000%	75,000	31,700	138,400	
05/01/37	1,510,000	4.000%	-	30,200	-	
11/01/37	1,510,000	4.000%	75,000	30,200	135,400	
05/01/38	1,435,000	4.000%	-	28,700	-	
11/01/38	1,435,000	4.000%	80,000	28,700	137,400	
05/01/39	1,355,000	4.000%	-	27,100	-	
11/01/39	1,355,000	4.000%	80,000	27,100	134,200	
05/01/40	1,275,000	4.000%	-	25,500	-	
11/01/40	1,275,000	4.000%	85,000	25,500	136,000	
05/01/41	1,190,000	4.000%	-	23,800	-	
11/01/41	1,190,000	4.000%	90,000	23,800	137,600	
05/01/42	1,100,000	4.000%	-	22,000	-	
11/01/42	1,100,000	4.000%	90,000	22,000	134,000	
05/01/43	1,010,000	4.000%	-	20,200	-	
11/01/43	1,010,000	4.000%	95,000	20,200	135,400	
05/01/44	915,000	4.000%	-	18,300	-	
11/01/44	915,000	4.000%	100,000	18,300	136,600	
05/01/45	815,000	4.000%	-	16,300	-	
11/01/45	815,000	4.000%	105,000	16,300	137,600	
05/01/46	710,000	4.000%	-	14,200	-	
11/01/46	710,000	4.000%	110,000	14,200	138,400	
05/01/47	600,000	4.000%	-	12,000	-	
11/01/47	600,000	4.000%	110,000	12,000	134,000	
05/01/48	490,000	4.000%	-	9,800	-	
11/01/48	490,000	4.000%	115,000	9,800	134,600	
05/01/49	375,000	4.000%	-	7,500	-	
11/01/49	375,000	4.000%	120,000	7,500	135,000	
05/01/50	255,000	4.000%	-	5,100	-	
11/1/1950	255,000	4.000%	125,000	5,100	135,200	
5/1/1951	130,000	4.000%	-	2,600	-	
11/1/1951	130,000	4.000%	130,000	2,600	135,200	

$	2,235,000	$	1,440,269	$	3,675,269	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2022 Area 4 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	249,825	$	248,878	$	947	$	249,825	$	249,825	
-	5,679	2,000	7,679	-	
114,869	116,278	-	116,278	124,732	

Total Revenues	$  364,694	$  370,835	$	2,947	$  373,782	$  374,557	

Expenditures	
Interest - 11/1	
Principal - 5/1	
Interest - 5/1	

$	82,025	$	82,025	$	-	$	82,025	$	80,644	
85,000	-	85,000	85,000	90,000	
82,025	-	82,025	82,025	80,644	

Total Expenditures	$  249,050	$	82,025	$  167,025	$  249,050	$  251,288	

Net Change in Fund Balance	$	115,644	$	288,810	$  (164,078)	$	124,732	$	123,269	

Interest Expense 11/1/26	$	79,181	
Total	$	79,181	

Gross
Maximum Annual  Net Assessment  Assessment Per
Product	Assessable Units	Debt Service	Per Unit	Unit	
Single Family	200	$	249,825 $	1,249 $	1,343	
200	$	249,825	

VillaMar	
Community Development District	
Series 2022 A4 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	4,135,000	3.250%	$	85,000	$	82,025	$	-	
11/01/25	4,050,000	3.250%	-	80,644	247,669	
05/01/26	3,870,000	3.250%	90,000	80,644	-	
11/01/26	3,870,000	3.250%	-	79,181	249,825	
05/01/27	3,870,000	3.250%	90,000	79,181	-	
11/01/27	3,870,000	3.625%	-	77,719	246,900	
05/01/28	3,870,000	3.625%	95,000	77,719	-	
11/01/28	3,775,000	3.625%	-	75,997	248,716	
05/01/29	3,775,000	3.625%	95,000	75,997	-	
11/01/29	3,680,000	3.625%	-	74,275	245,272	
05/01/30	3,680,000	3.625%	100,000	74,275	-	
11/01/30	3,365,000	3.625%	-	72,463	246,738	
05/01/31	3,365,000	3.625%	105,000	72,463	-	
11/01/31	3,365,000	3.625%	-	70,559	248,022	
05/01/32	3,365,000	3.625%	110,000	70,559	-	
11/01/32	3,365,000	4.000%	-	68,566	249,125	
05/01/33	3,365,000	4.000%	110,000	68,566	-	
11/01/33	3,255,000	4.000%	-	66,366	244,931	
05/01/34	3,255,000	4.000%	115,000	66,366	-	
11/01/34	3,140,000	4.000%	-	64,066	245,431	
05/01/35	3,140,000	4.000%	120,000	64,066	-	
11/01/35	3,020,000	4.000%	-	61,666	245,731	
05/01/36	3,020,000	4.000%	125,000	61,666	-	
11/01/36	2,895,000	4.000%	-	59,166	245,831	
05/01/37	2,895,000	4.000%	130,000	59,166	-	
11/01/37	2,765,000	4.000%	-	56,566	245,731	
05/01/38	2,765,000	4.000%	135,000	56,566	-	
11/01/38	2,630,000	4.000%	-	53,866	245,431	
05/01/39	2,630,000	4.000%	140,000	53,866	-	
11/01/39	2,490,000	4.000%	-	51,066	244,931	
05/01/40	2,490,000	4.000%	150,000	51,066	-	
11/01/40	2,025,000	4.000%	-	48,066	249,131	
05/01/41	2,025,000	4.000%	155,000	48,066	-	
11/01/41	2,025,000	4.000%	-	44,966	248,031	
05/01/42	2,025,000	4.000%	160,000	44,966	-	
11/01/42	2,025,000	4.125%	-	41,766	246,731	
05/01/43	2,025,000	4.125%	165,000	41,766	-	
11/01/43	1,860,000	4.125%	-	38,363	245,128	
05/01/44	1,860,000	4.125%	175,000	38,363	-	
11/01/44	1,685,000	4.125%	-	34,753	248,116	
05/01/45	1,685,000	4.125%	180,000	34,753	-	
11/01/45	1,505,000	4.125%	-	31,041	245,794	
05/01/46	1,505,000	4.125%	190,000	31,041	-	
11/01/46	1,315,000	4.125%	-	27,122	248,163	
05/01/47	1,315,000	4.125%	195,000	27,122	-	
11/01/47	1,120,000	4.125%	-	23,100	245,222	
05/01/48	1,120,000	4.125%	205,000	23,100	-	
11/01/48	915,000	4.125%	-	18,872	246,972	
05/01/49	915,000	4.125%	215,000	18,872	-	
11/01/49	700,000	4.125%	-	14,438	248,309	
05/01/50	700,000	4.125%	225,000	14,438	-	
11/01/50	475,000	4.125%	-	9,797	249,234	
05/01/51	475,000	4.125%	235,000	9,797	-	
11/01/51	240,000	4.125%	-	4,950	249,747	
05/01/52	240,000	4.125%	240,000	4,950	244,950	
			$	4,135,000	$	2,780,813	$	6,915,813	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2023 Area 5 Debt Service Fund	

Adopted	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Prepayments	
Interest Income	
Carry Forward Surplus	

$	553,728	$	536,062	$	2,040	$	538,102	$	526,853	
-	142,716	-	142,716	-	
-	13,148	6,000	19,148	5,000	
336,869	411,681	-	411,681	380,935	

Total Revenues	$  890,597	$ 1,103,607	$	8,040	$ 1,111,647	$  912,788	

Expenditures	
Interest - 11/1	
Special Call - 11/1	
Special Call - 2/1	
Interest 2/1	
Principal - 5/1	
Interest - 5/1	

$	219,934	$	217,656	$	-	$	217,656	$	209,663	
-	140,000	-	140,000	-	
-	50,000	-	50,000	-	
-	713	-	713		
115,000	-	110,000	110,000	115,000	
219,934	-	212,344	212,344	209,663	

Total Expenditures	$  554,869	$	408,369	$  322,344	$	730,713	$  534,325	

Net Change in Fund Balance	$	335,729	$	695,238	$  (314,304)	$	380,935	$	378,463	

Interest Expense 11/1/26	$	206,859	
Total	$	206,859	

Maximum Annual  Net Assessment  Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	400	$	499,979  $	1,250  $	1,344	
Single Family	43	$	26,874 $	625 $	672	
400	$	526,853	

VillaMar	
Community Development District	
Series 2023 A5 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	7,560,000	4.875%	$	110,000	$	212,344	$	-	
11/01/25	7,450,000	4.875%	-	209,663	532,006	
05/01/26	7,450,000	4.875%	115,000	209,663		
11/01/26	7,335,000	4.875%	-	206,859	531,522	
05/01/27	7,335,000	4.875%	120,000	206,859		
11/01/27	7,215,000	4.875%	-	203,934	530,794	
05/01/28	7,215,000	4.875%	130,000	203,934		
11/01/28	7,085,000	4.875%	-	200,766	534,700	
05/01/29	7,085,000	4.875%	135,000	200,766		
11/01/29	6,950,000	4.875%	-	197,475	533,241	
05/01/30	6,950,000	4.875%	140,000	197,475		
11/01/30	6,810,000	5.625%	-	194,063	531,538	
05/01/31	6,810,000	5.625%	150,000	194,063		
11/01/31	6,660,000	5.625%	-	189,844	533,906	
05/01/32	6,660,000	5.625%	155,000	189,844		
11/01/32	6,505,000	5.625%	-	185,484	530,328	
05/01/33	6,505,000	5.625%	165,000	185,484		
11/01/33	6,340,000	5.625%	-	180,844	531,328	
05/01/34	6,340,000	5.625%	175,000	180,844		
11/01/34	6,165,000	5.625%	-	175,922	531,766	
05/01/35	6,165,000	5.625%	185,000	175,922		
11/01/35	5,980,000	5.625%	-	170,719	531,641	
05/01/36	5,980,000	5.625%	195,000	170,719		
11/01/36	5,785,000	5.625%	-	165,234	530,953	
05/01/37	5,785,000	5.625%	210,000	165,234		
11/01/37	5,575,000	5.625%	-	159,328	534,563	
05/01/38	5,575,000	5.625%	220,000	159,328		
11/01/38	5,355,000	5.625%	-	153,141	532,469	
05/01/39	5,355,000	5.625%	235,000	153,141		
11/01/39	5,120,000	5.625%	-	146,531	534,672	
05/01/40	5,120,000	5.625%	245,000	146,531		
11/01/40	4,875,000	5.625%	-	139,641	531,172	
05/01/41	4,875,000	5.625%	260,000	139,641		
11/01/41	4,615,000	5.625%	-	132,328	531,969	
05/01/42	4,615,000	5.625%	275,000	132,328		
11/01/42	4,340,000	5.625%	-	124,594	531,922	
05/01/43	4,340,000	5.625%	290,000	124,594		
11/01/43	4,050,000	5.750%	-	116,438	531,031	
05/01/44	4,050,000	5.750%	310,000	116,438		
11/01/44	3,740,000	5.750%	-	107,525	533,963	
05/01/45	3,740,000	5.750%	325,000	107,525		
11/01/45	3,415,000	5.750%	-	98,181	530,706	
05/01/46	3,415,000	5.750%	345,000	98,181		
11/01/46	3,070,000	5.750%	-	88,263	531,444	
05/01/47	3,070,000	5.750%	365,000	88,263		
11/01/47	2,705,000	5.750%	-	77,769	531,031	
05/01/48	2,705,000	5.750%	390,000	77,769		
11/01/48	2,315,000	5.750%	-	66,556	534,325	
05/01/49	2,315,000	5.750%	410,000	66,556		
11/01/49	1,905,000	5.750%	-	54,769	531,325	
05/01/50	1,905,000	5.750%	435,000	54,769		
11/01/50	1,470,000	5.750%	-	42,263	532,031	
05/01/51	1,470,000	5.750%	460,000	42,263		
11/01/51	1,010,000	5.750%	-	29,038	531,300	
05/01/52	1,010,000	5.750%	490,000	29,038		
11/01/52	520,000	5.750%	-	14,950	533,988	
05/01/53	520,000	5.750%	520,000	14,950	534,950	
			$	7,560,000	$	7,876,581	$  15,436,581	

VillaMar	
Community Development District	
Proposed Budget FY 2026	
Series 2024 Area 6 Debt Service Fund	

Proposed	Actual	Projected	Projected	Proposed	
Budget	Thru	Next	Thru	Budget	
Description	FY2025	4/30/2025	5 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Assessments - Direct	
Interest Income	
Carry Forward Surplus	

$	-	$	-	$	-	$	-	$	603,000	
603,000	364,816	238,184	603,000	-	
-	17,414	10,000	27,414	20,000	
343,608	265,349	-	265,349	343,608	

Total Revenues	$  946,608	$  647,579	$  248,184	$  895,763	$  966,608	

Expenditures	
Interest - 11/1	
Principal - 5/1	
Interest - 5/1	

$	343,608	$	240,659	$	-	$	240,659	$	237,884	
120,000	-	120,000	120,000	130,000	
240,659	-	240,659	240,659	237,884	

Total Expenditures	$  704,267	$  240,659	$  360,659	$  601,319	$  605,769	

Net Change in Fund Balance	$	242,341	$	406,920	$  (112,475)	$	294,444	$	360,839	

Interest Expense 11/1/26	$	234,878	
Total	$	234,878	

Gross
Maximum Annual  Net Assessment  Assessment Per
Product	Assessable Units	Debt Service	Per Unit	Unit	
Single Family - Meritage	150	$	202,349 $	1,349 $	1,451	
Single Family	243	$	400,651 $	1,649 $	1,773	
393	$	603,000	

VillaMar	
Community Development District	
Series 2024 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Prinicpal	Interest	Total	
05/01/25	$	8,700,000	4.625%	$	120,000	$	240,659	$	-	
11/01/25	8,580,000	4.625%	-	237,884	598,544	
05/01/26	8,580,000	4.625%	130,000	237,884	-	
11/01/26	8,450,000	4.625%	-	234,878	602,763	
05/01/27	8,450,000	4.625%	135,000	234,878	-	
11/01/27	8,315,000	4.625%	-	231,756	601,634	
05/01/28	8,315,000	4.625%	140,000	231,756	-	
11/01/28	8,175,000	4.625%	-	228,519	600,275	
05/01/29	8,175,000	4.625%	145,000	228,519	-	
11/01/29	8,030,000	4.625%	-	225,166	598,684	
05/01/30	8,030,000	4.625%	155,000	225,166	-	
11/01/30	7,875,000	4.625%	-	221,581	601,747	
05/01/31	7,875,000	4.625%	160,000	221,581	-	
11/01/31	7,715,000	5.500%	-	217,881	599,463	
05/01/32	7,715,000	5.500%	170,000	217,881	-	
11/01/32	7,545,000	5.500%	-	213,206	601,088	
05/01/33	7,545,000	5.500%	180,000	213,206	-	
11/01/33	7,365,000	5.500%	-	208,256	601,463	
05/01/34	7,365,000	5.500%	190,000	208,256	-	
11/01/34	7,175,000	5.500%	-	203,031	601,288	
05/01/35	7,175,000	5.500%	200,000	203,031	-	
11/01/35	6,975,000	5.500%	-	197,531	600,563	
05/01/36	6,975,000	5.500%	210,000	197,531	-	
11/01/36	6,765,000	5.500%	-	191,756	599,288	
05/01/37	6,765,000	5.500%	225,000	191,756	-	
11/01/37	6,540,000	5.500%	-	185,569	602,325	
05/01/38	6,540,000	5.500%	235,000	185,569	-	
11/01/38	6,305,000	5.500%	-	179,106	599,675	
05/01/39	6,305,000	5.500%	250,000	179,106	-	
11/01/39	6,055,000	5.500%	-	172,231	601,338	
05/01/40	6,055,000	5.500%	265,000	172,231	-	
11/01/40	5,790,000	5.500%	-	164,944	602,175	
05/01/41	5,790,000	5.500%	280,000	164,944	-	
11/01/41	5,510,000	5.500%	-	157,244	602,188	
05/01/42	5,510,000	5.500%	295,000	157,244	-	
11/01/42	5,215,000	5.500%	-	149,131	601,375	
05/01/43	5,215,000	5.500%	310,000	149,131	-	
11/01/43	4,905,000	5.500%	-	140,606	599,738	
05/01/44	4,905,000	5.500%	330,000	140,606	-	
11/01/44	4,575,000	5.750%	-	131,531	602,138	
05/01/45	4,575,000	5.750%	350,000	131,531	-	
11/01/45	4,225,000	5.750%	-	121,469	603,000	
05/01/46	4,225,000	5.750%	370,000	121,469	-	
11/01/46	3,855,000	5.750%	-	110,831	602,300	
05/01/47	3,855,000	5.750%	390,000	110,831	-	
11/01/47	3,465,000	5.750%	-	99,619	600,450	
05/01/48	3,465,000	5.750%	415,000	99,619	-	
11/01/48	3,050,000	5.750%	-	87,688	602,306	
05/01/49	3,050,000	5.750%	440,000	87,688	-	
11/01/49	2,610,000	5.750%	-	75,038	602,725	
05/01/50	2,610,000	5.750%	465,000	75,038	-	
11/01/50	2,145,000	5.750%	-	61,669	601,706	
05/01/51	2,145,000	5.750%	490,000	61,669	-	
11/01/51	1,655,000	5.750%	-	47,581	599,250	
05/01/52	1,655,000	5.750%	520,000	47,581	-	
11/01/52	1,135,000	5.750%	-	32,631	600,213	
05/01/53	1,135,000	5.750%	550,000	32,631	-	
11/01/53	585,000	5.750%	-	16,819	599,450	
05/01/54	585,000	5.750%	585,000	16,819	601,819	
			$	8,700,000	$	9,330,966	$	18,030,966