Pineapple Grove Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

PROPOSED BUDGET
PINEAPPLE GROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Notes
District Will Not Be On Assessment Roll In 2026-2027 - Bond Capitalized Interest Being Set-up Through November 2027. 227 Planned Single Family Units - Estimated Annual Debt Assessment: $1,500 (Including Discounts & Fees)
If District Were On Assessment Roll - Operations & Maintenance Assessment Would Be $622.13

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O&M (Operation & Maintenance) Assessments

0

Developer Contribution

129,925

Debt Assessments

0

Interest Income

200

TOTAL REVENUES

$	130,125

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

Payroll Taxes (Employer)

0

Management

36,000

Legal

30,000

Assessment Roll

5,000

Audit Fees

4,000

Arbitrage Rebate Fee

650

Insurance

6,500

Legal Advertisements

25,000

Miscellaneous

2,500

Postage

300

Office Supplies

1,500

Dues & Subscriptions

175

Website Management & ADA Compliance

3,000

Trustee Fees

4,500

Continuing Disclosure Fee

1,000

Total Administrative Expenditures

$	120,125

Maintenance Expenditures

Engineering/Inspections

5,000

Miscellaneous Maintenance

5,000

Total Maintenance Expenditures

$	10,000

Total O&M Expenditures

$	130,125

REVENUES LESS EXPENDITURES

$	-

Bond Payments

0

BALANCE

$	-

County Appraiser & Tax Collector Fee

0

Discounts For Early Payments

0

EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
PINEAPPLE GROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Notes
District Will Not Be On Assessment Roll In 2026-2027 - Bond Capitalized Interest Being Set-up Through November 2027. 227 Planned Single Family Units - Estimated Annual Debt Assessment: $1,500 (Including Discounts & Fees)
If District Were On Assessment Roll - Operations & Maintenance Assessment Would Be $622.13

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

O&M (Operation & Maintenance) Assessments

0

0

0

Developer Contribution

0

123,025

129,925

Developer Contribution

Debt Assessments

0

0

0

Interest Income

0

200

200

TOTAL REVENUES

$	-

$	123,225

$	130,125

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

Supervisor Fees

Payroll Taxes (Employer)

0

0

0

8% Of Supervisor Fees

Management

0

33,000

36,000

Twelve Months X $3,000

Legal

0

30,000

30,000

High Legal Costs In Initial Years

Assessment Roll

0

5,000

5,000

No Change From 2025/2026 Budget

Audit Fees

0

0

4,000

Audit Fees

Arbitrage Rebate Fee

0

0

650

Commences In Fiscal Year Following Issuing Of Bond

Insurance

0

7,500

6,500

Insurance Estimate

Legal Advertisements

0

30,000

25,000

High Legal Advertising Costs In Initial Years

Miscellaneous

0

2,500

2,500

No Change From 2025/2026 Budget

Postage

0

300

300

No Change From 2025/2026 Budget

Office Supplies

0

2,000

1,500

High Office Supplies Costs In Initial Years

Dues & Subscriptions

0

175

175

Annual Fee Due Department Of Economic Opportunity

Website Management & ADA Compliance

0

2,750

3,000

Twelve Months X $250

Trustee Fees

0

0

4,500

Commences In Fiscal Year Following Issuing Of Bond

Continuing Disclosure Fee

0

0

1,000

Commences In Fiscal Year Following Issuing Of Bond

Total Administrative Expenditures

$	-

$	113,225

$	120,125

Maintenance Expenditures

Engineering/Inspections

0

5,000

5,000

Engineers Report To Be Included In Bond Cost Of Issuance

Miscellaneous Maintenance

0

5,000

5,000

Miscellaneous Maintenance

Total Maintenance Expenditures

$	-

$	10,000

$	10,000

Total O&M Expenditures

$	-

$	123,225

$	130,125

REVENUES LESS EXPENDITURES

$	-

$	-

$	-

Bond Payments

0

0

0

BALANCE

$	-

$	-

$	-

County Appraiser & Tax Collector Fee

0

0

0

Discounts For Early Payments

0

0

0

EXCESS/ (SHORTFALL)

$	-

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
PINEAPPLE GROVE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Notes 
Numbers Are Estimates From Bond Underwriter.
Capitalized Interest To Be Set-up For 17 Months (Through November 2027)
227 Planned Single Family Units - Estimated Annual Debt Assessment: $1,500 (Including Discounts & Fees)

Estimated Series 2026 Bond Information

Estimated Original Par Amount =

$4,430,000

Annual Principal Payments Due =

May 15th

Interest Rate =

5.75%

Annual Interest Payments Due =

May 15th & November 15th

Estimated Issue Date =

June 2026

Estimated Maturity Date =

May 2057

Par Amount As Of 7/1/26 =

$4,430,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

0

0

1,000

Estimated Interest For 2026/2027

NAV Tax Collection

0

0

0

Maximum Debt Service Collection - Estimated At $313,260

Capitalized Interest Funds For 2027 Interest Payments

0

0

253,725

Bond Proceeds

0

0

0

Total Revenues

$	-

$	-

$	254,725

EXPENDITURES

Principal Payments

0

0

0

No Projected Principal Payment Due In 2027

Interest Payments

0

0

254,725

Projected Interest Payment Due In 2027

Bond Redemption

0

-

-

Estimated Excess Debt Collections

Total Expenditures

$	-

$	-

$	254,725

Excess/ (Shortfall)

$	-

$	-

$	-