VillaMar
Community Development District

Adopted Budget
FY 2027

Table of Contents

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19

	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	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	
Revenues

Assessments - Tax Roll	$	1,260,612	$	1,268,362	$	-	$	1,268,362	$	1,485,304	
Assessments - Direct Bill (Unplatted PH8)	20,706	20,706	-	20,706	-	
Developer Contributions	-	15,218	412.50	15,631	-	
Interest Income	5,000	16,906	3,756.90	20,663	15,000	
Lease Proceeds	-	98,274	-	98,274	-	
Miscellaneous Revenue	-	90	-	90	-	
Total Revenues	$	1,286,318	$	1,419,556	$	4,169	$	1,423,726	$	1,500,304	

Expenditures	
Administrative	
Supervisor Fees	$	12,000	$	3,200	$	3,000	$	6,200	$	12,000	
Engineering	7,500	6,318	2,106	8,424	15,000	
Attorney	30,000	8,986.84	6,000	14,987	30,000	
Annual Audit	7,200	7,200	-	7,200	7,300	
Assessment Administration	10,300	10,300	-	10,300	10,815	
Bonds Amortization Filing	4,000	3,600	500	4,100	4,500	
Arbitrage	2,700	1,800	900	2,700	2,700	
Dissemination	10,300	7,725	2,575	10,300	10,815	
Trustee Fees	29,800	16,387	7,974	24,361	29,800	
Management Fees	45,964	34,473	11,491	45,964	50,000	
Information Technology	1,947	1,460	487	1,947	2,044	
Website Maintenance	1,298	974	325	1,298	1,363	
Postage & Delivery	3,000	2,569	856	3,425	3,000	
Insurance General Liability	7,000	7,206	-	7,206	7,473	
Copies	500	79	26	106	500	
Legal Advertising	3,160	5,709	4,000	9,709	9,000	
Office Supplies	500	90	30	120	500	
Boundary Amendment Expenses	-	15,630.70	-	15,631	-	
Other Current Charges	2,000	1,072	357	1,430	2,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Subtotal Administrative	$	179,343	$	134,955	$	40,627	$	175,581	$	198,985	

Operations & Maintenance	
Field Expenditures	
Field Management	$	23,175	$	17,381	$	5,794	$	23,175	$	24,334	
Landscape Maintenance	226,000	146,232	48,744	194,976	275,000	
Landscape Replacement	35,000	600	9,400	10,000	35,000	
Pond Maintenance	35,000	25,740	8,580	34,320	36,400	
Pond Maintenance - Trash Cleanup	-	-	-	-	5,000	
Fountain Maintenance	1,000	825	275	1,100	1,500	
Midge Treatment	-	-	-	-	6,120	
Hog Trapping	-	-	-	-	6,665	
Streetlights	190,000	163,174	56,059	219,233	220,000	
Electric	5,000	1,163	388	1,551	5,000	
Water & Sewer	50,000	37,670	12,557	50,226	60,000	
Sidewalk & Asphalt Maintenance	5,000	12,195	-	12,195	5,000	
Irrigation Repairs	10,000	3,189	1,063	4,252	10,000	
General Repairs & Maintenance	30,000	12,254	4,085	16,338	35,000	
Property Insurance	27,500	14,053	-	14,053	22,000	
Reserve Study	-	-	-	-	7,500	
Contingency	25,000	5,775	19,225	25,000	25,000	
Subtotal Field Expenditures	$	662,675	$	440,251	$	166,168	$	606,419	$	779,519	

VillaMar	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	

Amenity Expenditures						
Pool Maintenance - Contract	$	70,900	$	26,705	$	8,755	$	35,460	$	72,600	
Pool Parts & Repairs	7,700	950	317	1,267	7,700	
Security Services	72,000	14,148	4,716	18,864	70,000	
Pest Control	2,000	450	150	600	2,480	
Janitorial Services	30,700	13,315	4,438	17,753	44,380	
Internet	5,000	1,957	808	2,766	5,640	
Playground & Furniture Lease	65,000	35,742	6,067	41,809	65,000	
Amenity - Electric	22,000	11,910	3,970	15,880	32,000	
Amenity - Water & Sewer	22,000	7,895	2,632	10,527	22,000	
Amenity Access Management	15,000	11,250	3,750	15,000	15,000	
Amenity Repairs & Maintenance	20,000	8,681	2,894	11,574	20,000	
Holiday Decorations	20,000	17,000	-	17,000	20,000	
Contingency	25,000	3,541	6,250	9,791	25,000	
Capital Outlay	-	98,274	-	98,274	-	
Subtotal Amenity Expenditures	$	377,300	$	251,818	$	44,746	$	296,564	$	401,800	

Total Operations & Maintenance	$	1,039,975	$	692,069	$	210,915	$	902,984	$	1,181,319	

Total Expenditures	$	1,219,318	$	827,024	$	251,541	$	1,078,565	$	1,380,304	

Other Financing Sources/(Uses):	
Capital Reserves	

$	(67,000)	$	(236,845)	$ (108,315.61)	$	(345,161)	$	(120,000)	

Total Other Financing Uses	$	(67,000)	$	(236,845)	$	(108,316)	$	(345,161)	$	(120,000)	

Net Change in Fund Balance	$	-	$	355,688	$	(355,688)	$	-	$	-	

Product	Assessable Units	Total Net Assessment	Total Gross Assessment	FY 26 Gross Per Unit	FY 27 Gross Per Unit	Increase / (Decrease)	

Single Family	1791	$	1,485,304.00	$	1,597,101.08	$	756.84	$	891.74	$	134.90	

1791	$ 1,485,304.00	$ 1,597,101.08	

VillaMar	
Community Development District	
Budget Narrative	
Adopted Budget	

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.	
Attorney - Boundary Amendment	
The District currently has a contract with Kilinski Van Wyk, PLLC. to provide legal counsel services and supplemental boundary amendment services.	
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	
Adopted Budget	

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.	
Copies	
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	
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.	
Pond Maintenance - Trash Cleaup	
This would account for quarterly cleaning services around the ponds as an added day at $1,250.00 each event, driving side by sides around the ponds only focusing on trash up and maintenance.	
Fountain Maintenance	
The cost of providing preventative maintenance to the District fountains. The cost ofreflects monthly service plus any repairs needed.	
Midge Treatment	
Represents the estimated cost of midge treatments within the District.	
Hog Trapping	
The cost of removing wild hogs across the District.	
Electric - Streetlights	
Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the
fiscal year.	

VillaMar	
Community Development District	
Budget Narrative	
Adopted Budget	

Expenditures - Field (Continued)	
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.	
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.	
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.	
Reserve Study	
Represents estimated costs for reserve study by the District's emngineers for future planning.	
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	
Pool Maintenance - Contract	
Represents the costs of regular cleaning and treatments of the District’s pools. The District is contracted with Resort Pool Services for these services.	
Security Services	
Represents the estimated cost of contracting a monthly security service for the District’s 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. Additonal services to consider (Pricing reflects BOTH amenities) +$320 - Extend seasonal services from 5 to 6 months of the year (April - Sept) +$300 - Extend extra seasonl garbage empties at pool from 5 to 6 months +$720 - Add a 5th Sunday Service visit for Summer Break months for 2 mo July/Aug) + $720 - Add Airfreshener services to restrooms (assumes 2 restrooms at each amenity) +$500 - Add an annual deep cleaning of tile and grout (February) +$120 - Extra service day Spring Break. Additional Services total: $2,680.00.	
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.	
Playground & Furniture Lease	
The District has entered into a leasing agreement for playgrounds and pool furniture installed in the community with WHFS, LLC and Bowdrop I, LLC. for the second amenity playground.	
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.	
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.	

VillaMar	
Community Development District	
Budget Narrative	
Adopted Budget	

Expenditures - Amenity (Continued)	
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	
Adopted Budget	
Capital Reserve	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	

Revenues	
Carry Forward Surplus	
Interest Income	

$	141,650	$	(25,544)	$	-	$	(25,544)	$	295,517	
-	2,223	1,000	3,223	1,000	

Total Revenues	$	141,650	$	(23,321)	$	1,000	$	(22,321)	$	296,517	

Expenditures						
Chair Lift Replacement	$	13,500	$	13,500	$	-	$	13,500	$	-	
Furniture Replacement	20,000	13,822	-	13,822	-	
New Fountain - PH7	-	-	-	-	22,000	
Permanent Lighting - Front Entry	-	-	-	-	10,000	
Stormwater Maintenance	-	-	-	-	94,650	

Total Expenditures	$	33,500	$	27,322	$	-	$	27,322	$	126,650	

Other Financing Sources/(Uses):	
Capital Reserves	

$	67,000	$	236,845	$	108,316	$	345,161	$	120,000	

Total Other Financing Uses	$	67,000	$	236,845	$	108,316	$	345,161	$	120,000	

Net Change in Fund Balance	$	175,150	$	186,202	$	109,316	$	295,517	$	289,867	

VillaMar	
Community Development District	
Adopted Budget	
Series 2019 Area 1 Debt Service Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	

Revenues						
Assessments - Tax Roll	$	403,763	$	406,447	$	-	$	406,447	$	403,155	
Prepayments	-	8,317	-	8,317	-	
Interest Income	-	13,019	2,200	15,219	6,000	
Carry Forward Surplus	183,440	208,565	-	208,565	222,872	

Total Revenues	$	587,203	$	636,347	$	2,200	$	638,547	$	632,028	
Expenditures

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

$	137,838	$	137,838	$	-	$	137,838	$	134,994	
137,838	137,838	-	137,838	134,994	
130,000	130,000	-	130,000	135,000	
-	10,000	-	10,000	-	

Total Expenditures	$	405,675	$	415,675	$	-	$	415,675	$	404,988	

Net Change in Fund Balance	$	181,528	$	220,672	$	2,200	$	222,872	$	227,040	

Interest Expense 11/1/27	$	132,294	

Product	Assessable Units	Total Net Assessment	Total Gross Assessment	FY 26 Gross Per
Unit	FY 27 Gross Per
Unit	Increase / (Decrease)	

Single Family	332	$	402,548.94	$	432,848.32	$	1,303.76	$	1,303.76	$	-	
Single Family	1	$	606.25	$	651.88	$	1,303.76	$	651.88	$	(651.88)	

333	$	403,155.19	$	433,500.20	

Villamar	
Community Development District	
Series 2019 Special Assessment Bonds	
Amortization Schedule	

Date

Balance

Prinicpal

Interest

Total

11/01/26	$	5,710,000	$	-	$	134,994	$	134,994	
05/01/27	5,710,000	135,000	134,994		
11/01/27	5,575,000	-	132,294	402,288	
05/01/28	5,575,000	140,000	132,294		
11/01/28	5,435,000	-	129,494	401,788	
05/01/29	5,435,000	145,000	129,494		
11/01/29	5,290,000	-	126,594	401,088	
05/01/30	5,290,000	150,000	126,594		
11/01/30	5,140,000	-	123,125	399,719	
05/01/31	5,140,000	160,000	123,125		
11/01/31	4,980,000	-	119,425	402,550	
05/01/32	4,980,000	165,000	119,425		
11/01/32	4,815,000	-	115,609	400,034	
05/01/33	4,815,000	175,000	115,609		
11/01/33	4,640,000	-	111,563	402,172	
05/01/34	4,640,000	180,000	111,563		
11/01/34	4,460,000	-	107,400	398,963	
05/01/35	4,460,000	190,000	107,400		
11/01/35	4,270,000	-	103,006	400,406	
05/01/36	4,270,000	200,000	103,006		
11/01/36	4,070,000	-	98,381	401,388	
05/01/37	4,070,000	210,000	98,381		
11/01/37	3,860,000	-	93,525	401,906	
05/01/38	3,860,000	220,000	93,525		
11/01/38	3,640,000	-	88,438	401,963	
05/01/39	3,640,000	230,000	88,438		
11/01/39	3,410,000	-	83,119	401,556	
05/01/40	3,410,000	240,000	83,119		
11/01/40	3,170,000	-	77,269	400,388	
05/01/41	3,170,000	250,000	77,269		
11/01/41	2,920,000	-	71,175	398,444	
05/01/42	2,920,000	265,000	71,175		
11/01/42	2,655,000	-	64,716	400,891	
05/01/43	2,655,000	280,000	64,716		
11/01/43	2,375,000	-	57,891	402,606	
05/01/44	2,375,000	290,000	57,891		
11/01/44	2,085,000	-	50,822	398,713	
05/01/45	2,085,000	305,000	50,822		
11/01/45	1,780,000	-	43,388	399,209	
05/01/46	1,780,000	320,000	43,388		
11/01/46	1,460,000	-	35,588	398,975	
05/01/47	1,460,000	340,000	35,588		
11/01/47	1,120,000	-	27,300	402,888	
05/01/48	1,120,000	355,000	27,300		
11/01/48	765,000	-	18,647	400,947	
05/01/49	765,000	375,000	18,647		
11/01/49	390,000	-	9,506	403,153	
05/01/50	390,000	390,000	9,506	399,506	

$	5,710,000	$	4,046,531	$	9,756,531	

VillaMar	
Community Development District	
Adopted Budget	
Series 2020 Area 2 Debt Service Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	

Revenues						
Assessments - Tax Roll	$	369,050	$	371,504	$	-	$	371,504	$	369,050	
Interest Income	5,000	11,778	2,000	13,778	5,000	
Carry Forward Surplus	179,457	180,837	-	180,837	198,032	

Total Revenues	$	553,507	$	564,119	$	2,000	$	566,119	$	572,082	

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

$	114,044	$	114,044	$	-	$	114,044	$	111,804	
114,044	114,044	-	114,044	111,804	
140,000	140,000	-	140,000	145,000	

Total Expenditures	$	368,088	$	368,088	$	-	$	368,088	$	368,608	

Net Change in Fund Balance	$	185,419	$	196,032	$	2,000	$	198,032	$	203,474	

Interest Expense 11/1/27	$	109,484	

Product	Assessable Units	Total Net Assessment	Total Gross Assessment	FY 26 Gross Per
Unit	FY 27 Gross Per
Unit	Increase / (Decrease)	

Single Family - Adams	97	$	130,949.74	$	140,806.17	$	1,451.61	$	1,451.61	$	-	
Single Family - D.R. Horton	103	$	128,750.38	$	138,441.27	$	1,344.09	$	1,344.09	$	-	
Single Family	81	$	109,349.78	$	117,580.41	$	1,451.61	$	1,451.61	$	-	

281	$	369,049.90	$	396,827.85	

Villamar	
Community Development District	
Series 2020 Special Assessment Bonds	
Amortization Schedule	

Date

Balance

Prinicpal

Interest

Total

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

$	5,835,000	$	3,432,813	$	9,267,813	

VillaMar	
Community Development District	
Adopted Budget	
Series 2022 Area 3 Debt Service Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	

Revenues						
Assessments - Tax Roll	$	138,905	$	139,829	$	-	$	139,829	$	138,905	
Interest Income	1,000	5,463	1,000	6,463	1,000	
Carry Forward Surplus	139,217	139,762	-	139,762	94,796	

Total Revenues	$	279,122	$	285,054	$	1,000	$	286,054	$	234,702	

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

$	43,284	$	43,284	$	-	$	43,284	$	42,503	
50,000	50,000	-	50,000	50,000	
42,503	42,503	-	42,503	41,722	

Total Expenditures	$	135,788	$	135,788	$	-	$	135,788	$	134,225	
Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	$	(55,470)	$	-	$	(55,470)	$	-	

Total Other Financing Sources	$	-	$	(55,470)	$	-	$	(55,470)	$	-	

Net Change in Fund Balance	$	143,335	$	93,796	$	1,000	$	94,796	$	100,477	

Interest Expense 11/1/27	$	41,722	
Principal Expense 11/1/27	 $	55,000 	
Total	 $	96,722 	

Product	Assessable Units	Total Net Assessment	Total Gross Assessment	FY 26 Gross Per
Unit	FY 27 Gross Per
Unit	Increase / (Decrease)	

Single Family	83	$	103,394.46	$	111,176.84	$	1,339.48	$	1,339.48	$	-	
Single Family - Paid Down	57	$	35,510.87	$	38,183.73	$	669.89	$	669.89	$	-	

140	$	138,905.33	$	149,360.57	

Villamar	
Community Development District	
Series 2022 Phase 3 Special Assessment Bonds	
Amortization Schedule	

Date

Balance

Prinicpal

Interest

Total

11/01/26	$	2,185,000	$	50,000	$	42,503	$	92,503	
05/01/27	2,135,000	-	41,722		
11/01/27	2,135,000	55,000	41,722	138,444	
05/01/28	2,080,000	-	40,863		
11/01/28	2,080,000	55,000	40,863	136,725	
05/01/29	2,025,000	-	39,900		
11/01/29	2,025,000	55,000	39,900	134,800	
05/01/30	1,970,000	-	38,938		
11/01/30	1,970,000	60,000	38,938	137,875	
05/01/31	1,910,000	-	37,888		
11/01/31	1,910,000	60,000	37,888	135,775	
05/01/32	1,850,000	-	36,838		
11/01/32	1,850,000	65,000	36,838	138,675	
05/01/33	1,785,000	-	35,700		
11/01/33	1,785,000	65,000	35,700	136,400	
05/01/34	1,720,000	-	34,400		
11/01/34	1,720,000	65,000	34,400	133,800	
05/01/35	1,655,000	-	33,100		
11/01/35	1,655,000	70,000	33,100	136,200	
05/01/36	1,585,000	-	31,700		
11/01/36	1,585,000	75,000	31,700	138,400	
05/01/37	1,510,000	-	30,200		
11/01/37	1,510,000	75,000	30,200	135,400	
05/01/38	1,435,000	-	28,700		
11/01/38	1,435,000	80,000	28,700	137,400	
05/01/39	1,355,000	-	27,100		
11/01/39	1,355,000	80,000	27,100	134,200	
05/01/40	1,275,000	-	25,500		
11/01/40	1,275,000	85,000	25,500	136,000	
05/01/41	1,190,000	-	23,800		
11/01/41	1,190,000	90,000	23,800	137,600	
05/01/42	1,100,000	-	22,000		
11/01/42	1,100,000	90,000	22,000	134,000	
05/01/43	1,010,000	-	20,200		
11/01/43	1,010,000	95,000	20,200	135,400	
05/01/44	915,000	-	18,300		
11/01/44	915,000	100,000	18,300	136,600	
05/01/45	815,000	-	16,300		
11/01/45	815,000	105,000	16,300	137,600	
05/01/46	710,000	-	14,200		
11/01/46	710,000	110,000	14,200	138,400	
05/01/47	600,000	-	12,000		
11/01/47	600,000	110,000	12,000	134,000	
05/01/48	490,000	-	9,800		
11/01/48	490,000	115,000	9,800	134,600	
05/01/49	375,000	-	7,500		
11/01/49	375,000	120,000	7,500	135,000	
05/01/50	255,000	-	5,100	-	
11/01/50	255,000	125,000	5,100	135,200	
05/01/51	130,000	-	2,600	-	
11/01/51	130,000	130,000	2,600	135,200	

$	2,185,000	$	1,311,197	$	3,496,197	

VillaMar	
Community Development District	
Adopted Budget	
Series 2022 Area 4 Debt Service Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	

Revenues						
Assessments - Tax Roll	$	249,798	$	251,459	$	-	$	251,459	$	249,798	
Interest Income	-	8,044	2,000	10,044	-	
Carry Forward Surplus	128,001	127,520	-	127,520	137,735	

Total Revenues	$	377,799	$	387,023	$	2,000	$	389,023	$	387,533	

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

$	80,644	$	80,644	$	-	$	80,644	$	79,181	
80,644	80,644	-	80,644	79,181	
90,000	90,000	-	90,000	90,000	

Total Expenditures	$	251,288	$	251,288	$	-	$	251,288	$	248,363	

Net Change in Fund Balance	$	126,511	$	135,735	$	2,000	$	137,735	$	139,171	

Interest Expense 11/1/27	$	77,719	

Product	Assessable Units	Total Net Assessment	Total Gross Assessment	FY 26 Gross Per
Unit	FY 27 Gross Per
Unit	Increase / (Decrease)	

Single Family	200	$	249,798.00	$	268,600.00	$	1,343.00	$	1,343.00	$	-	

200	$	249,798.00	$	268,600.00	

Villamar	
Community Development District	
Series 2022 Phase 4 Special Assessment Bonds	
Amortization Schedule	

Date

Balance

Prinicpal

Interest

Total

11/01/26	$	3,960,000	$	-	$	79,181	$	79,181	
05/01/27	3,960,000	90,000	79,181		
11/01/27	3,870,000	-	77,719	246,900	
05/01/28	3,870,000	95,000	77,719		
11/01/28	3,775,000	-	75,997	248,716	
05/01/29	3,775,000	95,000	75,997		
11/01/29	3,680,000	-	74,275	245,272	
05/01/30	3,680,000	100,000	74,275		
11/01/30	3,580,000	-	72,463	246,738	
05/01/31	3,580,000	105,000	72,463		
11/01/31	3,475,000	-	70,559	248,022	
05/01/32	3,475,000	110,000	70,559		
11/01/32	3,365,000	-	68,566	249,125	
05/01/33	3,365,000	110,000	68,566		
11/01/33	3,255,000	-	66,366	244,931	
05/01/34	3,255,000	115,000	66,366		
11/01/34	3,140,000	-	64,066	245,431	
05/01/35	3,140,000	120,000	64,066		
11/01/35	3,020,000	-	61,666	245,731	
05/01/36	3,020,000	125,000	61,666		
11/01/36	2,895,000	-	59,166	245,831	
05/01/37	2,895,000	130,000	59,166		
11/01/37	2,765,000	-	56,566	245,731	
05/01/38	2,765,000	135,000	56,566		
11/01/38	2,630,000	-	53,866	245,431	
05/01/39	2,630,000	140,000	53,866		
11/01/39	2,490,000	-	51,066	244,931	
05/01/40	2,490,000	150,000	51,066		
11/01/40	2,340,000	-	48,066	249,131	
05/01/41	2,340,000	155,000	48,066		
11/01/41	2,185,000	-	44,966	248,031	
05/01/42	2,185,000	160,000	44,966		
11/01/42	2,025,000	-	41,766	246,731	
05/01/43	2,025,000	165,000	41,766		
11/01/43	1,860,000	-	38,363	245,128	
05/01/44	1,860,000	175,000	38,363		
11/01/44	1,685,000	-	34,753	248,116	
05/01/45	1,685,000	180,000	34,753		
11/01/45	1,505,000	-	31,041	245,794	
05/01/46	1,505,000	190,000	31,041		
11/01/46	1,315,000	-	27,122	248,163	
05/01/47	1,315,000	195,000	27,122		
11/01/47	1,120,000	-	23,100	245,222	
05/01/48	1,120,000	205,000	23,100		
11/01/48	915,000	-	18,872	246,972	
05/01/49	915,000	215,000	18,872		
11/01/49	700,000	-	14,438	248,309	
05/01/50	700,000	225,000	14,438	-	
11/01/50	475,000	-	9,797	249,234	
05/01/51	475,000	235,000	9,797	-	
11/01/51	240,000	-	4,950	249,747	
05/01/52	240,000	240,000	4,950	244,950	

$	3,960,000	$	2,537,500	$	6,497,500	

VillaMar	
Community Development District	
Adopted Budget	
Series 2023 Area 5 Debt Service Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	

Revenues						
Assessments - Tax Roll	$	538,103	$	515,258	$	-	$	515,258	$	491,855	
Prepayments	-	231,270	-	231,270	-	
Interest Income	5,000	18,785	5,000	23,785	5,000	
Carry Forward Surplus	350,715	399,501	-	399,501	291,684	

Total Revenues	$	893,818	$	1,164,814	$	5,000	$	1,169,814	$	788,539	

Expenditures						
Interest - 11/1	$	203,881	$	203,881	$	-	$	203,881	$	190,925	
Special Call - 11/1	-	120,000	-	120,000	-	
Interest - 2/1	-	1,270	-	1,270	-	
Special Call - 2/1	-	90,000	-	90,000	-	
Interest - 5/1	203,881	197,978	-	197,978	190,925	
Principal - 5/1	115,000	110,000	-	110,000	110,000	
Special Call - 5/1	-	95,000	-	95,000	-	
Special Call - 8/1	-	-	60,000	60,000	-	

Total Expenditures	$	522,763	$	818,130	$	60,000	$	878,130	$	491,850	

Net Change in Fund Balance	$	371,055	$	346,684	$	(55,000)	$	291,684	$	296,689	

Interest Expense 11/1/27	$	188,244	

Product	Assessable Units	Total Net Assessment	Total Gross Assessment	FY 26 Gross Per
Unit	FY 27 Gross Per
Unit	Increase / (Decrease)	

Single Family	344	$	429,982.08	$	462,346.32	$	1,344.03	$	1,344.03	$	-	
Single Family	99	$	61,872.88	$	66,529.98	$	672.02	$	672.02	$	-	

443	$	491,854.96	$	528,876.30	

Villamar	
Community Development District	
Series 2023 Phase 5 Special Assessment Bonds	
Amortization Schedule	

Date

Balance

Prinicpal

Interest

Total

11/01/26	$	6,770,000	$	-	$	190,925	$	190,925	
05/01/27	6,770,000	110,000	190,925		
11/01/27	6,660,000	-	188,244	489,169	
05/01/28	6,660,000	120,000	188,244		
11/01/28	6,540,000	-	185,319	493,563	
05/01/29	6,540,000	125,000	185,319		
11/01/29	6,415,000	-	182,272	492,591	
05/01/30	6,415,000	130,000	182,272		
11/01/30	6,285,000	-	179,103	491,375	
05/01/31	6,285,000	135,000	179,103		
11/01/31	6,150,000	-	175,306	489,409	
05/01/32	6,150,000	145,000	175,306		
11/01/32	6,005,000	-	171,228	491,534	
05/01/33	6,005,000	155,000	171,228		
11/01/33	5,850,000	-	166,869	493,097	
05/01/34	5,850,000	160,000	166,869		
11/01/34	5,690,000	-	162,369	489,238	
05/01/35	5,690,000	170,000	162,369		
11/01/35	5,520,000	-	157,588	489,956	
05/01/36	5,520,000	180,000	157,588		
11/01/36	5,340,000	-	152,525	490,113	
05/01/37	5,340,000	190,000	152,525		
11/01/37	5,150,000	-	147,181	489,706	
05/01/38	5,150,000	205,000	147,181		
11/01/38	4,945,000	-	141,416	493,597	
05/01/39	4,945,000	215,000	141,416		
11/01/39	4,730,000	-	135,369	491,784	
05/01/40	4,730,000	225,000	135,369		
11/01/40	4,505,000	-	129,041	489,409	
05/01/41	4,505,000	240,000	129,041		
11/01/41	4,265,000	-	122,291	491,331	
05/01/42	4,265,000	255,000	122,291		
11/01/42	4,010,000	-	115,119	492,409	
05/01/43	4,010,000	270,000	115,119		
11/01/43	3,740,000	-	107,525	492,644	
05/01/44	3,740,000	285,000	107,525		
11/01/44	3,455,000	-	99,331	491,856	
05/01/45	3,455,000	300,000	99,331		
11/01/45	3,155,000	-	90,706	490,038	
05/01/46	3,155,000	320,000	90,706		
11/01/46	2,835,000	-	81,506	492,213	
05/01/47	2,835,000	340,000	81,506		
11/01/47	2,495,000	-	71,731	493,238	
05/01/48	2,495,000	360,000	71,731		
11/01/48	2,135,000	-	61,381	493,113	
05/01/49	2,135,000	380,000	61,381		
11/01/49	1,755,000	-	50,456	491,838	
05/01/50	1,755,000	400,000	50,456	-	
11/01/50	1,355,000	-	38,956	489,413	
05/01/51	1,355,000	425,000	38,956	-	
11/01/51	930,000	-	26,738	490,694	
05/01/52	930,000	450,000	26,738	-	
11/01/52	480,000	-	13,800	490,538	
05/01/53	480,000	480,000	13,800	493,800	

$	6,770,000	$	6,688,588	$	13,458,588	

VillaMar	
Community Development District	
Adopted Budget	
Series 2024 Area 6 Debt Service Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2026	6/30/2026	3 Months	9/30/2026	FY 2027	

Revenues						
Assessments - Direct	$	603,000	$	607,010	$	-	$	607,010	$	603,000	
Interest Income	20,000	21,548	7,000	28,548	15,000	
Carry Forward Surplus	343,608	296,587	-	296,587	343,608	

Total Revenues	$	966,608	$	925,145	$	7,000	$	932,145	$	961,608	

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

$	237,884	$	237,884	$	-	$	237,884	$	234,878	
237,884	237,884	-	237,884	234,878	
130,000	130,000	-	130,000	135,000	

Total Expenditures	$	605,769	$	605,769	$	-	$	605,769	$	604,756	

Net Change in Fund Balance	$	360,839	$	319,376	$	7,000	$	326,376	$	356,852	

Interest Expense 11/1/27	$	231,756	

Product	Assessable
Units	Total Net
Assessment	Total Gross
Assessment	FY 26 Gross Per
Unit	FY 27 Gross Per
Unit	Increase /
(Decrease)	

Single Family - Meritage	150	$	202,348.94	$	217,579.50	$	1,450.53	$	1,450.53	$	-	
Single Family	243	$	400,650.89	$	430,807.41	$	1,772.87	$	1,772.87	$	-	

393	$	602,999.83	$	648,386.91	

Villamar	
Community Development District	
Series 2024 Phase 6 Special Assessment Bonds	
Amortization Schedule	

Date

Balance

Prinicpal

Interest

Total

11/01/26	$	8,450,000	$	-	$	234,878	$	234,878	
05/01/27	8,450,000	135,000	234,878		
11/01/27	8,315,000	-	231,756	601,634	
05/01/28	8,315,000	140,000	231,756		
11/01/28	8,175,000	-	228,519	600,275	
05/01/29	8,175,000	145,000	228,519		
11/01/29	8,030,000	-	225,166	598,684	
05/01/30	8,030,000	155,000	225,166		
11/01/30	7,875,000	-	221,581	601,747	
05/01/31	7,875,000	160,000	221,581		
11/01/31	7,715,000	-	217,881	599,463	
05/01/32	7,715,000	170,000	217,881		
11/01/32	7,545,000	-	213,206	601,088	
05/01/33	7,545,000	180,000	213,206		
11/01/33	7,365,000	-	208,256	601,463	
05/01/34	7,365,000	190,000	208,256		
11/01/34	7,175,000	-	203,031	601,288	
05/01/35	7,175,000	200,000	203,031		
11/01/35	6,975,000	-	197,531	600,563	
05/01/36	6,975,000	210,000	197,531		
11/01/36	6,765,000	-	191,756	599,288	
05/01/37	6,765,000	225,000	191,756		
11/01/37	6,540,000	-	185,569	602,325	
05/01/38	6,540,000	235,000	185,569		
11/01/38	6,305,000	-	179,106	599,675	
05/01/39	6,305,000	250,000	179,106		
11/01/39	6,055,000	-	172,231	601,338	
05/01/40	6,055,000	265,000	172,231		
11/01/40	5,790,000	-	164,944	602,175	
05/01/41	5,790,000	280,000	164,944		
11/01/41	5,510,000	-	157,244	602,188	
05/01/42	5,510,000	295,000	157,244		
11/01/42	5,215,000	-	149,131	601,375	
05/01/43	5,215,000	310,000	149,131		
11/01/43	4,905,000	-	140,606	599,738	
05/01/44	4,905,000	330,000	140,606		
11/01/44	4,575,000	-	131,531	602,138	
05/01/45	4,575,000	350,000	131,531		
11/01/45	4,225,000	-	121,469	603,000	
05/01/46	4,225,000	370,000	121,469		
11/01/46	3,855,000	-	110,831	602,300	
05/01/47	3,855,000	390,000	110,831		
11/01/47	3,465,000	-	99,619	600,450	
05/01/48	3,465,000	415,000	99,619		
11/01/48	3,050,000	-	87,688	602,306	
05/01/49	3,050,000	440,000	87,688		
11/01/49	2,610,000	-	75,038	602,725	
05/01/50	2,610,000	465,000	75,038	-	
11/01/50	2,145,000	-	61,669	601,706	
05/01/51	2,145,000	490,000	61,669	-	
11/01/51	1,655,000	-	47,581	599,250	
05/01/52	1,655,000	520,000	47,581	-	
11/01/52	1,135,000	-	32,631	600,213	
05/01/53	1,135,000	550,000	32,631	-	
11/01/53	585,000	-	16,819	599,450	
05/01/54	585,000	585,000	16,819	601,819	
		$	8,450,000	$	8,614,538	$	17,064,538