Bahia Mar

Community Development District

Approved Proposed Budget	
FY 2026	

Table of Contents

	General Fund

	Narratives

Bahia Mar	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	93,000	$	17,705	$	47,915	$	65,620	$	93,000	

TOTAL REVENUES	$	93,000	$	17,705	$	47,915	$	65,620	$	93,000	

EXPENDITURES:

Administrative						
Engineering	$	10,000	$	-	$	3,500	$	3,500	$	10,000	
Attorney	15,000	7,400	14,800	22,200	15,000	
Annual Audit	5,000	-	3,400	3,400	3,500	
Assessment Administration (1)	5,000	-	-	-	5,000	
Arbitrage Rebate (1)	600	-	-	-	600	
Dissemination Agent (1)	2,500	-	-	-	2,500	
Trustee Fees (1)	4,200	-	-	-	4,200	
Management Fees	39,000	13,000	15,167	28,167	39,000	
Information Technology/Website Maintenance	2,000	833	1,167	2,000	2,000	
Telephone	100	-	50	50	100	
Postage & Delivery	500	25	150	175	500	
Insurance General Liability	5,500	-	3,369	3,369	5,500	
Printing & Binding	500	9	50	59	500	
Legal Advertising	2,000	1,151	750	1,901	3,000	
Other Current Charges	925	205	420	625	1,425	
Office Supplies	-	-	-	-	-	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	93,000	$	22,798	$	42,822	$	65,620	$	93,000	

TOTAL EXPENDITURES	$	93,000	$	22,798	$	42,822	$	65,620	$	93,000	

EXCESS REVENUES (EXPENDITURES)	$	-	$	(5,093)	$	5,093	$	-	$	-	

(1) Represents costs associated with the issuance of Bonds.

Bahia Mar	
Community Development District	
Budget Narrative	
FY 2026	

REVENUES

Developer Contributions/Maintenance Assessments	
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.	

Expenditures - Administrative

Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Arbitrage Rebate	
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District has contracted with an LLS Tax Solutions to perform the calculations.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the	
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.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology/Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Telephone	
Actual charges for conference calls.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
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.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
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 the FloridaCommerce for $175.