Scenic Highway
Community Development District

Proposed Budget
FY2027

Table of Contents

1-2

3-7

8

9

General Fund

General Fund Narrative

Series 2020 Debt Service Fund

Series 2020 Amortization Schedule

10	Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Revenues						
Assessments	$	635,542	$	615,016	$	-	$	615,016	$	635,542	
Interest Revenue	$	-	$	4,120	$	1,373	$	5,493	$	-	
Miscellaneous Revenue	$	-	$	394	$	131	$	525	$	-	
Total Revenues	$	635,542	$	619,529	$	1,505	$	621,034	$	635,542	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	2,000	
$	4,000	
$	6,000	
$	12,000	
FICA Expenditures	$	918	$	153	$	306	$	459	$	918	
Engineering	$	13,000	$	-	$	6,500	$	6,500	$	13,000	
Attorney	$	25,000	$	2,063	$	14,583	$	16,646	$	25,000	
Annual Audit	$	3,300	$	-	$	3,300	$	3,300	$	3,450	
Assessment Administration	$	5,732	$	5,732	$	-	$	5,732	$	6,019	
Arbitrage	$	450	$	450	$	-	$	450	$	450	
Dissemination	$	5,408	$	2,253	$	3,154	$	5,408	$	5,678	
Trustee Fees	$	4,445	$	4,336	$	-	$	4,336	$	4,770	
Management Fees	$	49,500	$	20,625	$	28,875	$	49,500	$	51,975	
Information Technology	$	2,079	$	866	$	1,213	$	2,079	$	2,183	
Website Maintenance	$	1,386	$	578	$	809	$	1,386	$	1,455	
Postage & Delivery	$	1,000	$	378	$	583	$	961	$	1,000	
Insurance	$	7,626	$	7,029	$	-	$	7,029	$	7,732	
Copies	$	100	$	54	$	58	$	113	$	100	
Legal Advertising	$	5,000	$	1,999	$	2,917	$	4,916	$	5,000	
Other Current Charges	$	1,500	$	140	$	336	$	476	$	1,500	
Office Supplies	$	500	$	2	$	50	$	52	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	139,118	$	48,833	$	66,684	$	115,517	$	142,905	

Operations & Maintenance						
Field Services
Property Insurance	
$	17,710	
$	13,074	
$	-	
$	13,074	
$	12,420	
Field Management	$	18,056	$	7,523	$	10,532	$	18,056	$	18,959	
Landscape Maintenance	$	51,023	$	21,132	$	29,757	$	50,889	$	51,023	
Landscape Replacement	$	13,000	$	-	$	6,500	$	6,500	$	13,000	
Right of Way Tree Inspection	$	10,625	$	4,427	$	6,195	$	10,622	$	11,156	
Right of Way Tree Replacement	$	105,000	$	-	$	52,500	$	52,500	$	105,000	
Streetlights	$	17,569	$	5,517	$	8,057	$	13,574	$	21,259	
Electric	$	5,111	$	3,403	$	2,981	$	6,384	$	7,435	
Sidewalk & Asphalt Maintenance	$	2,500	$	2,020	$	-	$	2,020	$	2,500	
Irrigation Repairs	$	6,000	$	598	$	3,500	$	4,098	$	6,000	
Stormwater Maintenance	$	-	$	-	$	-	$	-	$	14,000	
General Repairs & Maintenance	$	12,000	$	5,197	$	6,803	$	12,000	$	12,000	
Hoiliday Decorations	$	7,500	$	7,400	$	-	$	7,400	$	7,500	
Contingency	$	9,000	$	5	$	5,250	$	5,255	$	9,000	
Subtotal Field Services	$	275,094	$	70,295	$	132,076	$	202,371	$	291,252	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Amenity Expenditures
Amenity - Electric	

$	8,131	

$	2,214	

$	3,150	

$	5,364	

$	8,131	
Amenity - Water	$	5,111	$	2,841	$	4,501	$	7,342	$	6,465	
Playground & Furniture Lease	$	31,488	$	13,116	$	18,368	$	31,484	$	18,368	
Internet	$	1,514	$	625	$	875	$	1,500	$	1,741	
Pest Control	$	1,384	$	200	$	280	$	480	$	1,384	
Janitorial Service	$	9,680	$	3,665	$	5,285	$	8,950	$	11,840	
Security Services	$	40,016	$	6,519	$	21,933	$	28,452	$	41,216	
Pool Maintenance	$	24,411	$	10,095	$	14,210	$	24,305	$	25,080	
Amenity Access Management	$	10,300	$	4,292	$	6,006	$	10,298	$	10,815	
Amenity Repairs & Maintenance	$	10,000	$	7,323	$	2,677	$	10,000	$	10,000	
Contingency	$	7,500	$	-	$	3,750	$	3,750	$	7,500	
Subtotal Amenity Expenditures	$	149,535	$	50,890	$	81,035	$	131,925	$	142,541	
						
Total Operations & Maintenance	$	424,629	$	121,185	$	213,111	$	334,296	$	433,792	

Other Expenditures
Capital Reserves - Transfer	

$	71,795	

$	71,795	

$	-	

$	71,795	

$	58,845	
Total Other Expenditures	$	71,795	$	71,795	$	-	$	71,795	$	58,845	
						
Total Expenditures	$	635,542	$	241,813	$	279,795	$	521,608	$	635,542	
						
Excess Revenues/(Expenditures)	$	-	$	377,716	$	(278,291)	$	99,426	$	-	

Net Assessments	
$635,542	
Add: Discounts & Collections 7%		$47,837 	
Gross Assessments		$683,379 	
Assessable Units	368	
Per Unit Gross Assessment		$1,857.01 	
FY26 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.

FICA Expenditures

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

Engineering

The District's engineer, Quiddity Engineering, 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 Wyk, 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 maintenance cost of 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 electric charges of common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents 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.

Stormwater Maintenance

Represents estimated costs for general repairs and maintenance of ponds in the District.

General Repairs & Maintenance

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

Holiday Decorations

The District’s costs for decoration of common areas during the Holidays.

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 the electric charges for the District’s amenity facilities.

Amenity – Water

Represents water charges for the District’s amenity facilities.

Playground & Furniture Lease

The District has entered into a leasing agreement with 83 Holdings, LLC for playground and pool furniture installed in the community. The contract will end in April 2027.

Description	Monthly	Annually	
Playground & Furniture Lease
Total	$2,624		$18,368 
$18,368	

Internet

Represents cost of 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	$881	$10,575	
Contingencies		$1,265	
Total		$11,840	

Security Services

Represents security services cost 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	$2,090		$25,080 
$25,080	

Amenity Access 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 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, or and purchase of new capital improvements throughout the District.

Proposed Budget
Series 2020 Debt Service Fund

Description	Adopted Budget FY2026	Actuals Thru 2/28/26	Projected Next
7 Months	Total Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Special Assessments	$	459,919	$	445,114	$	-	$	445,114	$	459,919	
Interest	$	5,000	$	6,618	$	2,206	$	8,825	$	5,000	
Carry Forward Surplus	$	229,746	$	233,419	$	-	$	233,419	$	226,720	
Total Revenues	$	694,665	$	685,151	$	2,206	$	687,357	$	691,639	

Expenditures						
Interest Expense - 11/1	$	142,819	$	142,819	$	-	$	142,819	$	139,975	
Principal Expense - 5/1	$	175,000	$	-	$	175,000	$	175,000	$	180,000	
Interest Expense - 5/1	$	142,819	$	-	$	142,819	$	142,819	$	139,975	
Total Expenditures	$	460,638	$	142,819	$	317,819	$	460,638	$	459,950	
						
Excess Revenues/(Expenditures)	$	234,028	$	542,332	$	(315,613)	$	226,720	$	231,689	

Interest Expense 11/1/27	 $	137,050 
Total	$	137,050

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			

Series 2020 Special Assessment Bonds Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	
									
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	
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	
			$	7,295,000.00	$	4,293,700.00	$	11,906,518.75	

Community Development District
Proposed Budget Capital Reserve Fund

Description	Adopted Budget FY2026	Actuals Thru 2/28/26	Projected Next
7 Months	Total Thru 9/30/26	Proposed Budget FY2027	

Revenues

Interest
Carry Forward Surplus	

$	4,573
$	274,661	

$	4,913
$	287,032	

$	2,457
$	-	

$	7,370
$	287,032	

$	3,685
$	366,198	
Total Revenues	$	279,234	$	291,946	$	2,457	$	294,403	$	369,883	

Expenditures

Capital Outlay	

$	-	

$	-	

$	-	

$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)
Transfer In	

$	71,795	

$	71,795	

$	-	

$	71,795	

$	58,845	
Total Other Financing Sources/(Uses)	$	71,795	$	71,795	$	-	$	71,795	$	58,845	
						
Excess Revenues/(Expenditures)	$	351,029	$	363,741	$	2,457	$	366,198	$	428,728