Copper Oaks
Community Development District

Adopted Budget
FY 2027

Table of Contents

1		General Fund

2-3		Narratives

4-5		Debt Service Fund Series 2021

6		Assessment Schedule

Copper Oaks	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	114,368	$	115,025	$	2,081	$	117,106	$	114,368	
Interest income	4,000	2,824	1,176	4,000	3,500	
Carry Forward Surplus	31,636	35,959	-	35,959	27,754	
TOTAL REVENUES	$	150,004	$	153,808	$	3,256	$	157,064	$	145,622	

EXPENDITURES:						

Administrative						
Engineering	$	8,500	$	-	$	2,000	$	2,000	$	5,000	
Attorney	6,000	3,470	3,530	7,000	8,000	
Annual Audit	5,000	3,600	-	3,600	3,700	
Assessment Administration	2,000	2,000	-	2,000	2,100	
Dissemination Agent	1,134	662	473	1,134	1,191	
Trustee Fees	4,100	-	4,100	4,100	4,500	
Management Fees	47,100	27,475	19,625	47,100	49,455	
Information Technology	1,134	662	473	1,134	1,191	
Website Maintenance	1,134	662	473	1,134	1,202	
Telephone	150	-	10	10	-	
Postage & Delivery	500	30	40	70	200	
Insurance General Liability	8,609	8,295	-	8,295	9,125	
Printing & Binding	500	6	25	31	100	
Legal Advertising	1,500	-	500	500	500	
Other Current Charges	700	859	641	1,500	1,500	
Office Supplies	100	0	-	0	-	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	88,336	$	47,895	$	31,889	$	79,784	$	87,938	

Operations & Maintenance		
Maintenance
Field Manager	
$	2,500	
$	-	
$	-	
$	-	
$	-	
Utility-Electric	3,000	1,753	2,300	4,053	5,520	
Lake Maintenance	5,328	3,199	2,285	5,484	5,484	
Landscape Maintenance	27,840	16,385	11,605	27,990	28,680	
Plant Replacement	1,000	-	-	-	-	
Irrigation Repairs	8,000	-	3,000	3,000	4,000	
Pump System Maintenance	8,000	313	7,687	8,000	8,000	
Repair and Maintenance	1,000	-	1,000	1,000	1,000	
Contingency	5,000	-	-	-	5,000	
TOTAL MAINTENANCE	$	61,668	$	21,650	$	27,877	$	49,527	$	57,684	

TOTAL EXPENDITURES	$	150,004	$	69,545	$	59,766	$	129,311	$	145,622	

EXCESS REVENUES (EXPENDITURES)	$	-	$	84,263	$	(56,510)	$	27,754	$	-	

Assessable	Total Gross	FY26	FY27	Increase/
Product	Units	Assessment	Gross	Gross	(Decrease)
Per Unit	Per Unit	
Single Family	129	$	53,750.60	$	416.67	$	416.67	$	0.00	
Multi Family	163	$	67,917.42	$	416.67	$	416.67	$	0.00	
Total	292	$ 121,668.02				
Less: Discounts & Collections 6%			7,300.08 				
Net Assessments		  114,367.94 				

Copper Oaks	
Community Development District	
Budget Narrative	
FY 2027	

REVENUES	

Special Assessments-Tax Roll	
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 their investment account.	

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.	
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 Board of Supervisors and the District Manager.	
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	
Assessment Roll Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
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.	
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-SF, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – SF, LLC.	
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.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	
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	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	

Copper Oaks	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures - Administrative (continued)	

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.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	

Expenditures – Field	

Field Manager	
Represents costs for the supervision and on-site management of Copper Oaks Community Development District.	
Lake Maintenance	
Represents costs to maintain the water quality in all the lakes in Copper Oaks Community Development District. The HOA has contracted Allstate Resource Management for a monthly fee of $457.00. The CDD will reimburse the HOA quarterly.	
Landscape Maintenance	
Scheduled maintenance consists of mowing, edging, blowing, applying pest and disease control chemicals to sod. The HOA has contracted Duval Landscaping for a monthly fee of $11,949. The CDD will reimburse the HOA 20% of the contracted amounts every quarter.	
Irrigation Repairs	
Miscellaneous irrigation repairs and maintenance. Monthly service is inclueded with the landscape service.	
Pump System Maintenance	
The District has a contract with Hoover Pumping Systems for the annual maintenance of the pump system.	
Repair and Maintenance	
Represents repairs and maintenance of projects.	
Contingency	
Includes any miscellaneous expense related to the maintenance of the common areas.	

Copper Oaks	
Community Development District	
Adopted Budget	
Debt Service Series 2021 Special Assessment Refunding Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	251,091	$	252,240	$	4,568	$	256,809	$	251,091	
Interest Earnings	3,500	3,926	2,074	6,000	3,000	
Carry Forward Surplus (1)	62,405	72,455	-	72,455	82,344	

TOTAL REVENUES	$	316,996	$	328,621	$	6,642	$	335,264	$	336,435	

EXPENDITURES:

Interest - 11/1	$	32,460	$	32,460	$	-	$	32,460	$	26,730	
Interest - 5/1	32,460	-	32,460	32,460	26,730	
Principal - 5/1	188,000	-	188,000	188,000	200,000	

TOTAL EXPENDITURES	$	252,920	$	32,460	$	220,460	$	252,920	$	253,460	

EXCESS REVENUES (EXPENDITURES)	$	64,076	$	296,161	$	(213,818)	$	82,344	$	82,975	

Interest Due 11/1/27	$	23,730	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	129	$ 120,744.00	$	936.00	$	936.00	$	-	
Multi Family	163	$ 146,374.00	$	898.00	$	898.00	$	-	

Total	292	$ 267,118.00	
Less: Discounts & Collections 6%			16,027.08 	
Net Assessments		 $ 251,090.92 	

Copper Oaks	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/21	$	2,864,000	3.000%	$	-	$	26,969	$	26,969	
05/01/22	2,864,000	3.000%	167,000	42,960		
11/01/22	2,697,000	3.000%	-	40,455	250,415	
05/01/23	2,697,000	3.000%	172,000	40,455		
11/01/23	2,525,000	3.000%	-	37,875	250,330	
05/01/24	2,525,000	3.000%	178,000	37,875		
11/01/24	2,347,000	3.000%	-	35,205	251,080	
05/01/25	2,347,000	3.000%	183,000	35,205		
11/01/25	2,164,000	3.000%	-	32,460	250,665	
05/01/26	2,164,000	3.000%	188,000	32,460		
11/01/26	1,976,000	3.000%	-	29,640	250,100	
05/01/27	1,976,000	3.000%	194,000	29,640		
11/01/27	1,782,000	3.000%	-	26,730	250,370	
05/01/28	1,782,000	3.000%	200,000	26,730		
11/01/28	1,582,000	3.000%	-	23,730	250,460	
05/01/29	1,582,000	3.000%	206,000	23,730		
11/01/29	1,376,000	3.000%	-	20,640	250,370	
05/01/30	1,376,000	3.000%	212,000	20,640		
11/01/30	1,164,000	3.000%	-	17,460	250,100	
05/01/31	1,164,000	3.000%	219,000	17,460		
11/01/31	945,000	3.000%	-	14,175	250,635	
05/01/32	945,000	3.000%	226,000	14,175		
11/01/32	719,000	3.000%	-	10,785	250,960	
05/01/33	719,000	3.000%	232,000	10,785		
11/01/33	487,000	3.000%	-	7,305	250,090	
05/01/34	487,000	3.000%	240,000	7,305		
11/01/34	247,000	3.000%	-	3,705	251,010	
05/01/35	247,000	3.000%	247,000	3,705	250,705	

Total	$2,864,000	$670,259	$3,534,259	

Copper Oaks	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	
Units	Annual Maintenance Assessments	Annual Debt Assessments	Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

Single Family	

129	

$416.67	

$416.67	

$0.00	

$936.00	

$936.00	

$0.00	

$1,352.67	

$1,352.67	

$0.00	
Multi Family	163	$416.67	$416.67	$0.00	$898.00	$898.00	$0.00	$1,314.67	$1,314.67	$0.00	
Total	292