Scenic Highway
Community Development District

Proposed Budget
FY2026

Table of Contents

1-2

3-7

8

9-10
General Fund

General Fund Narrative

Series 2020 Debt Service Fund

Series 2020 Amortization Schedule

11	Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026		

Revenues						
Assessments	$	635,542	$	625,773	$	9,769	$	635,542	$	635,542	
Miscellaneous Revenue	$	-	$	2,363	$	1,182	$	3,545	$	-	
Total Revenues	$	635,542	$	628,136	$	10,951	$	639,087	$	635,542	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,600	
$	5,600	
$	9,200	
$	12,000	
FICA Expenses	$	-	$	153	$	428	$	581	$	918	
Engineering	$	13,000	$	-	$	6,500	$	6,500	$	13,000	
Attorney	$	25,000	$	8,613	$	12,500	$	21,113	$	25,000	
Annual Audit	$	3,500	$	-	$	3,500	$	3,500	$	3,300	
Assessment Administration	$	5,565	$	5,565	$	-	$	5,565	$	5,732	
Arbitrage	$	450	$	450	$	-	$	450	$	450	
Dissemination	$	5,250	$	2,188	$	3,063	$	5,250	$	5,408	
Trustee Fees	$	4,041	$	4,041	$	-	$	4,041	$	4,445	
Management Fees	$	45,000	$	18,750	$	26,250	$	45,000	$	49,500	
Information Technology	$	1,890	$	788	$	1,103	$	1,890	$	2,079	
Website Maintenance	$	1,260	$	525	$	735	$	1,260	$	1,386	
Postage & Delivery	$	1,000	$	495	$	583	$	1,078	$	1,000	
Insurance	$	6,817	$	6,631	$	-	$	6,631	$	7,626	
Copies	$	50	$	54	$	29	$	83	$	100	
Legal Advertising	$	5,000	$	1,887	$	2,917	$	4,803	$	5,000	
Other Current Charges	$	1,500	$	224	$	875	$	1,099	$	1,500	
Office Supplies	$	500	$	3	$	292	$	294	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	131,998	$	54,140	$	64,374	$	118,514	$	139,118	

Operations & Maintenance						
Field Services
Property Insurance	
$	18,775	
$	15,400	
$	-	
$	15,400	
$	17,710	
Field Management	$	17,530	$	7,304	$	10,226	$	17,530	$	18,056	
Landscape Maintenance	$	49,536	$	19,349	$	28,896	$	48,245	$	51,023	
Landscape Replacement	$	13,000	$	9,263	$	7,583	$	16,846	$	13,000	
Right of Way Tree Inspection	$	10,625	$	2,656	$	6,195	$	8,851	$	10,625	
Right of Way Tree Replacement	$	150,000	$	25,305	$	87,500	$	112,805	$	105,000	
Streetlights	$	15,972	$	5,109	$	7,770	$	12,879	$	17,569	
Electric	$	4,646	$	1,984	$	3,332	$	5,316	$	5,111	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Irrigation Repairs	$	6,000	$	345	$	3,500	$	3,845	$	6,000	
General Repairs & Maintenance	$	10,000	$	16,419	$	5,833	$	22,252	$	12,000	
Contingency	$	9,000	$	2,671	$	5,250	$	7,921	$	9,000	
Subtotal Field Services	$	307,584	$	105,804	$	167,335	$	273,140	$	267,594	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026		

Amenity Expenditures
Amenity - Electric	

$	8,131	

$	1,764	

$	2,751	

$	4,515	

$	8,131	
Amenity - Water	$	4,646	$	1,334	$	2,450	$	3,784	$	5,111	
Playground & Furniture Lease	$	31,488	$	13,115	$	18,361	$	31,476	$	31,488	
Internet	$	1,317	$	914	$	768	$	1,682	$	1,514	
Pest Control	$	648	$	200	$	280	$	480	$	1,384	
Janitorial Service	$	9,680	$	3,705	$	5,215	$	8,920	$	9,680	
Security Services	$	38,850	$	10,394	$	22,663	$	33,057	$	40,016	
Pool Maintenance	$	23,700	$	9,850	$	13,160	$	23,010	$	24,411	
Amenity Access Management	$	10,000	$	4,167	$	5,833	$	10,000	$	10,300	
Amenity Repairs & Maintenance	$	10,000	$	5,003	$	5,833	$	10,836	$	10,000	
Contingency	$	7,500	$	4,934	$	4,375	$	9,309	$	7,500	
Subtotal Amenity Expenditures	$	145,960	$	55,380	$	81,689	$	137,070	$	149,535	
						
Total Operations & Maintenance	$	453,544	$	161,185	$	249,025	$	410,209	$	417,129	

Other Expenditures
Capital Reserves - Transfer	

$	50,000	

$	(30,359)	

$	80,000	

$	49,641	

$	79,295	
Total Other Expenditures	$	50,000	$	(30,359)	$	80,000	$	49,641	$	79,295	
						
Total Expenditures	$	635,542	$	184,966	$	393,399	$	578,364	$	635,542	
						
Excess Revenues/(Expenditures)	$	(0)	$	443,171	$	(382,448)	$	60,723	$	-	

Net Assessments	
$635,542					
Add: Discounts & Collections 7%		$47,837 					
Gross Assessments		$683,379 					
Assessable Units	368					
Per Unit Gross Assessment		$1,857.01 					
FY25 Per Unit Gross Assessment		$1,857.01 					
Increase (Decrease)		$0.00 					
% Increase		0.00% 					

Revenues:

Assessments

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

Expenditures:

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.

Engineering

The District's engineer, Wood & Associates, 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, Kilinski|Van Wuk, PLLC, 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. Dibartolomeo, McBee, Hartley & Barnes provides these services.

Assessment Administration

The District is contracted with Governmental Management Services – Central Florida, LLC 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 its Series 2020 bonds.

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 the Series 2020 bond series. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Trustee Fees

The District will incur trustee related costs with the Series 2020 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.

Postage & Delivery

The District incurs charges for mailing, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Copies

Printing agenda items 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.

Operations & Maintenance:

Field Services

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for onsite field management of contracts for the District such as landscape and lake maintenance. Services 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.

Description	Monthly	Annually	
Landscape Maintenance
Total	$4,252		$51,023 
$51,023	

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Right of Way Tree Inspection

Represents cost associated with inspections of vegetated verge abutting residential lots in cases where property owners are failing to maintain trees in accordance with Haines City landscape ordinances. Field staff will inspect the area, photograph/document lack of maintenance, report to HOA for enforcement of recorded declarations, coordinate inspections with Haines City code compliance staff, coordinate communication with property owners, and coordinate with landscape service providers.

Right of Way Tree Replacement

Represents cost associated with tree replacements within the vegetated verge abutting residential homes in cases where residential property owners have not complied with Haines City landscape ordinances.

Streetlights

Represents the cost to maintain streetlights within the District boundaries.

Electric

Represents current and estimated electric charges of 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.

Contingency

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

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground & Furniture Lease

Description	Monthly	Annually	
Playground & Furniture Lease
Total	$2,624		$31,488 
$31,488	

The District has entered into a leasing agreement with 83 Holdings, LLC for playground and pool furniture installed in the community.

Internet

Represents internet services used at the Amenity Center.

Pest Control

The District incurs costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents the costs to provide janitorial services for the District’s amenity facilities. These services are provided by CSS Clean Star Services of Central Florida, Inc.

Description	Monthly	Annually	
Janitorial Services
Total	$807		$9,680 
$9,680	

Security Services

Represents the estimated cost of monthly security services for the District’s amenity facilities as well as maintaining security systems in place. Services are provided by Securitas.

Pool Maintenance

The district is contracted with Resort Pool Services for regular cleaning and treatments of the District’s pool.

Description	Monthly	Annually	
Pool Maintenance
Total	$2,034		$24,411 
$24,411	

Amenity Management

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.

Contingency

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

Other Expenditures:

Capital Reserves - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Proposed Budget
Series 2020 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026		

Revenues						
Special Assessments	$	459,919	$	452,900	$	7,019	$	459,919	$	459,919	
Interest	$	-	$	7,568	$	3,784	$	11,353	$	5,000	
Carry Forward Surplus	$	206,476	$	210,005	$	-	$	210,005	$	220,964	
Total Revenues	$	666,395	$	670,473	$	10,804	$	681,276	$	685,883	

Expenditures						
Interest Expense - 11/1	$	145,156	$	145,156	$	-	$	145,156	$	142,819	
Principal Expense - 5/1	$	170,000	$	-	$	170,000	$	170,000	$	175,000	
Interest Expense - 5/1	$	145,156	$	-	$	145,156	$	145,156	$	142,819	
Total Expenditures	$	460,313	$	145,156	$	315,156	$	460,313	$	460,638	
						
Excess Revenues/(Expenditures)	$	206,082	$	525,316	$	(304,353)	$	220,964	$	225,245	

Interest Expense 11/1/26	 $	139,975 
Total	$	139,975

Product	Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit			
Single Family	368	$	459,919	$1,250	$1,344	
	368	$	459,919			

11/01/25	$	7,470,000.00	$	-	$	142,818.75	$	457,975.00	
05/01/26	$	7,470,000.00	$	175,000.00	$	142,818.75	$	-	
11/01/26	$	7,295,000.00	$	-	$	139,975.00	$	457,793.75	
05/01/27	$	7,295,000.00	$	180,000.00	$	139,975.00	$	-	
11/01/27	$	7,115,000.00	$	-	$	137,050.00	$	457,025.00	
05/01/28	$	7,115,000.00	$	185,000.00	$	137,050.00	$	-	
11/01/28	$	6,930,000.00	$	-	$	134,043.75	$	456,093.75	
05/01/29	$	6,930,000.00	$	195,000.00	$	134,043.75	$	-	
11/01/29	$	6,735,000.00	$	-	$	130,875.00	$	459,918.75	
05/01/30	$	6,735,000.00	$	200,000.00	$	130,875.00	$	-	
11/01/30	$	6,535,000.00	$	-	$	127,625.00	$	458,500.00	
05/01/31	$	6,535,000.00	$	205,000.00	$	127,625.00	$	-	
11/01/31	$	6,330,000.00	$	-	$	123,781.25	$	456,406.25	
05/01/32	$	6,330,000.00	$	215,000.00	$	123,781.25	$	-	
11/01/32	$	6,115,000.00	$	-	$	119,750.00	$	458,531.25	
05/01/33	$	6,115,000.00	$	220,000.00	$	119,750.00	$	-	
11/01/33	$	5,895,000.00	$	-	$	115,625.00	$	455,375.00	
05/01/34	$	5,895,000.00	$	230,000.00	$	115,625.00	$	-	
11/01/34	$	5,665,000.00	$	-	$	111,312.50	$	456,937.50	
05/01/35	$	5,665,000.00	$	240,000.00	$	111,312.50	$	-	
11/01/35	$	5,425,000.00	$	-	$	106,812.50	$	458,125.00	
05/01/36	$	5,425,000.00	$	250,000.00	$	106,812.50	$	-	
11/01/36	$	5,175,000.00	$	-	$	102,125.00	$	458,937.50	
05/01/37	$	5,175,000.00	$	260,000.00	$	102,125.00	$	-	
11/01/37	$	4,915,000.00	$	-	$	97,250.00	$	459,375.00	
05/01/38	$	4,915,000.00	$	270,000.00	$	97,250.00	$	-	
11/01/38	$	4,645,000.00	$	-	$	92,187.50	$	459,437.50	
05/01/39	$	4,645,000.00	$	280,000.00	$	92,187.50	$	-	
11/01/39	$	4,365,000.00	$	-	$	86,937.50	$	459,125.00	
05/01/40	$	4,365,000.00	$	290,000.00	$	86,937.50	$	-	
11/01/40	$	4,075,000.00	$	-	$	81,500.00	$	458,437.50	
05/01/41	$	4,075,000.00	$	300,000.00	$	81,500.00	$	-	
11/01/41	$	3,775,000.00	$	-	$	75,500.00	$	457,000.00	
05/01/42	$	3,775,000.00	$	315,000.00	$	75,500.00	$	-	
11/01/42	$	3,460,000.00	$	-	$	69,200.00	$	459,700.00	
05/01/43	$	3,460,000.00	$	325,000.00	$	69,200.00	$	-	
11/01/43	$	3,135,000.00	$	-	$	62,700.00	$	456,900.00	
05/01/44	$	3,135,000.00	$	340,000.00	$	62,700.00	$	-	
11/01/44	$	2,795,000.00	$	-	$	55,900.00	$	458,600.00	
05/01/45	$	2,795,000.00	$	355,000.00	$	55,900.00	$	-	
11/01/45	$	2,440,000.00	$	-	$	48,800.00	$	459,700.00	
05/01/46	$	2,440,000.00	$	365,000.00	$	48,800.00	$	-	
11/01/46	$	2,075,000.00	$	-	$	41,500.00	$	455,300.00	

Date		Balance	Prinicpal	Interest		Total	

05/01/47	
$	
2,075,000.00	
$	380,000.00	
$	41,500.00	
$	
-	
11/01/47	$	1,695,000.00	$	-	$	33,900.00	$	455,400.00	
05/01/48	$	1,695,000.00	$	400,000.00	$	33,900.00	$	-	
11/01/48	$	1,295,000.00	$	-	$	25,900.00	$	459,800.00	
05/01/49	$	1,295,000.00	$	415,000.00	$	25,900.00	$	-	
11/01/49	$	880,000.00	$	-	$	17,600.00	$	458,500.00	
05/01/50	$	880,000.00	$	430,000.00	$	17,600.00	$	-	
11/1/50	$	450,000.00	$	-	$	9,000.00	$	456,600.00	
5/1/51	$	450,000.00	$	450,000.00	$	9,000.00	$	459,000.00	
			$	7,470,000.00	$	4,579,337.50	$	12,364,493.75	
Proposed Budget Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026		

Revenues						
Interest	$	-	$	2,401	$	1,201	$	3,602	$	-	
Carry Forward Surplus	$	25,880	$	256,015	$	-	$	256,015	$	291,617	
Total Revenues	$	25,880	$	258,416	$	1,201	$	259,617	$	291,617	

Expenditures						

Holiday Decorations	
$	7,500	
$	-	
$	7,500	
$	7,500	
$	7,500	
Chair Lift Replacement	$	10,500	$	-	$	10,500	$	10,500	$	-	
Total Expenditures	$	18,000	$	-	$	18,000	$	18,000	$	7,500	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	50,000	

$	(30,000)	

$	80,000	

$	50,000	

$	79,295	
Total Other Financing Sources/(Uses)	$	50,000	$	(30,000)	$	80,000	$	50,000	$	79,295	
						
Excess Revenues/(Expenditures)	$	57,880	$	228,416	$	63,201	$	291,617	$	363,412