Willow Creek	
Community Development District	

Approved Proposed Budget	
FY 2026	

Table of Contents

1-2		General Fund

3-4		Exhibit A - Shared cost

5-6		Narratives

7-8		Debt Service Fund Series 2022

9		Assessment Schedule

Willow Creek	
Community Development District	
Approved Proposed Budget	
General Fund	

REVENUES:

Special Assessments - On Roll	$  274,104	$	271,958	$	2,146	$	274,104	$	274,104	
Special Assessments - Direct	42,177	42,177	-	42,177	-	
Developer Contribution	388,137	-	112,502	112,502	26,477	
Interest income	5,000	1,318	644	1,962	-	
Carry Forward Surplus	-	-	-	-	-	

TOTAL REVENUES	$ 709,418	$	315,453	$	115,292	$	430,745	$	300,581	

EXPENDITURES:

Administrative						
Engineering	$	10,000	$	1,261	$	8,739	$	10,000	$	10,000	
Attorney	30,000	36,401	24,000	60,401	30,000	
Annual Audit	3,500	5,000	-	5,000	5,100	
Assessment Administration	2,000	2,000	-	2,000	2,000	
Dissemination Agent	2,675	1,338	1,337	2,675	2,675	
Trustee Fees	5,000	-	5,000	5,000	5,000	
Management Fees	41,659	20,829	20,830	41,659	41,659	
Property Appraiser	150	249	-	249	150	
Information Technology	1,000	500	500	1,000	1,000	
Website Maintenance	1,605	803	803	1,605	1,605	
Postage & Delivery	800	36	50	86	800	
Insurance General Liability	7,877	7,448	-	7,448	8,879	
Printing & Binding	500	75	50	125	500	
Legal Advertising	1,000	1,057	500	1,557	1,000	
Other Current Charges	898	259	100	359	898	
Office Supplies	100	628	150	778	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$ 108,939	$	78,057	$	62,059	$	140,116	$	111,541	

Operations & Maintenance
Field Expenditures

Field Management	$	13,217	$	5,507	$	-	$	5,507	$	-	
Utilities - Electric	4,800	10,696	12,000	22,696	25,020	
Utilities - Streetlights	12,000	9,326	9,366	18,692	19,200	
Utilities - Water & Sewer	1,200	2,259	3,000	5,259	5,736	
Irriagion Maintenance	4,800	-	-	-	-	
Landscape Maintenance	110,000	67,907	-	67,907	-	
Mulch	40,000	-	-	-	-	
Pest Control	1,000	-	-	-	-	
Lake Maintenance	22,200	6,675	-	6,675	-	
Wetlands/Preserves	5,000	-	-	-	-	
Pressure Washing	5,000	-	-	-	-	
Contingency	10,000	3,500	-	3,500	-	
TOTAL FIELD EXPENDITURES	$ 229,217	$	105,870	$	24,366	$	130,236	$	49,956	

Willow Creek	
Community Development District	
Approved Proposed Budget	
General Fund	

Amenity *						
Management Fees	$	82,211	$	34,255	$	-	$	34,255	$	-	
Access Control	2,867	86	-	86	-	
Alarm Monitoring	1,638	-	-	-	-	
Utility - Electric	27,847	8,067	-	8,067	-	
Utility - Water & Sewer	20,066	2,206	-	2,206	-	
Cable/Internet Services	3,686	956	-	956	-	
Telephone	3,522	-	-	-	-	
Property Insurance	19,636	13,760	-	13,760	-	
Landscape Maintenance	26,823	12,240	-	12,240	-	
Landscape Replacement	4,095	-	-	-	-	
Pest Control	819	-	-	-	-	
Pool & Spa Maintenance	34,399	8,575	-	8,575	-	
Repairs and Maintenance	10,000	-	-	-	-	
Janitorial Maintenance	45,000	8,575	-	8,575	-	
Janitorial Supplies	2,252	-	-	-	-	
Office Equipment Maintenance	2,662	-	-	-	-	
Office Supplies/Clubhouse Supplies	4,000	-	-	-	-	
Air Conditioning Maintenance	2,293	-	-	-	-	
Fitness Equipment Lease	-	-				
Fitness Equipment Maintenance	6,143	-	-	-	-	
Window Cleaning/Pressure Cleaning	5,324	-	-	-	-	
Porter Service	4,423	-	-	-	-	
Trash Collection	819	-	-	-	-	
Special Events	10,000	-	-	-	-	
Holiday Lighting	18,682	-	-	-	-	
Contingency	19,399	-	-	-	-	
Capital Reserve	12,655	-	-	-	-	
Capital Outlay	-	2,885	-	2,885	-	
Interlocal-Governmental Expense **	-	-	68,788	68,788	139,084	

TOTAL AMENITY *	$ 371,261	$	91,605	$	68,788	$	160,393	$	139,084	

TOTAL EXPENDITURES	$ 709,418	$	275,532	$	155,213	$	430,745	$	300,581	

EXCESS REVENUES (EXPENDITURES	$	-	$	39,921	$	(39,921)	$	-	$	-	
		
*Amenity as transferred in February to Willow Creek II CDD.
** Interlocal-Governmental Expense will be prorated from March 2025.
On Roll	
Net Assessments	$	274,104	
Collection Fees & Discounts (6%) 	17,496 	
Gross Assessments	$	291,600	
No. of Units	324	
Per Unit Assessments (Net)	$	846	
Per Unit Assessments (Gross/tax bill))	$	900	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

			
	Projected Budget	Projected FY2025	
Description	FY 2025	Willow Creek II CDD	
	23.91%		
Special Assessments - On Roll	$	-	$	-	
Special Assessments - Direct	-	-	
Developer Contribution	-	-	
Interlocal-Governmental Revenue	-	68,788	
Carry Forward Surplus	-	-	
TOTAL REVENUES	$	-	$	68,788	

Administrative			
Supervisor Fees	$	-		
FICA Taxes	-		
Engineering	-		
Attorney	-		
Annual Audit	-		
Assessment Administration	-		
Arbitrage Rebate	-		
Dissemination Agent	-		
Trustee Fees	-		
Management Fees	-		
Property Appraiser	-		
Information Technology	-		
Website Maintenance	-		
Postage & Delivery	-		
Insurance General Liability	-		
Printing & Binding	-		
Legal Advertising	-		
Other Current Charges	-		
Office Supplies	-		
Dues, Licenses & Subscriptions	-		
TOTAL ADMINISTRATIVE	$	-		
Operations & Maintenance			
Field Expenditures			
Field Management	$	1,844	$	7,710	
Utilities - Electric	-	-	
Utilities - Streetlights	-	-	
Utilities - Water & Sewer	-	-	
Irriagion Maintenance	-	-	
Landscape Maintenance	20,727	86,681	
Mulch	-	-	
Pest Control	-	-	
Lake Maintenance	2,235	9,345	
Wetlands/Preserves	-	-	
Pressure Washing	1,196	5,000	
Contingency	-	-	
TOTAL FIELD EXPENDITURES	$	26,000	$	108,736	

	
		
Proposed Budget	Proposed Budget FY2026	
FY 2026	Willow Creek II CDD	
23.91%		
$	-	$	-	
-	-	
-	-	
-	139,084	
-	-	
$	-	$	139,084	

$	-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		
$	-	$	-	

$	3,159	

$	13,212	
-	-	
-	-	
-	-	
1,148	4,800	
35,531	148,596	
10,760	45,000	
239	1,000	
3,831	16,020	
1,196	5,000	
1,196	5,000	
2,391	10,000	
$	59,451	$	248,628	

	

Estimated Budget	
at Buildout	

$	274,104
- 765,175
-
-	
$	1,039,279	

$	-
- 10,000
30,000
4,900
2,000
550
2,675
5,000
38,934
150
1,000
1,605
1,200
7,575
500
1,000
1,220
100
175	
$	108,584	

$	27,682
4,800
80,000
1,200
4,800
180,000
- 1,000
22,000
30,000
10,000
105,000	
$	466,482	

	

	

	

	

	

	

	

	

	

	

			
	Projected Budget	Projected FY2025	
Description	FY 2025	Willow Creek II CDD	
	23.91%		

Amenity 			
Management Fees	$	11,467	$	47,956	
Access Control	144	602	
Alarm Monitoring	142	595	
Pool Monitoring	142	595	
Utility - Electric	2,588	10,823	
Utility - Water & Sewer	502	2,100	
Cable/Internet Services	310	1,297	
Telephone	-	-	
Property Insurance	4,695	19,636	
Landscape Maintenance	2,184	9,135	
Landscape Replacement	-	-	
Pest Control	93	390	
Pool & Spa Maintenance	3,348	14,000	
Repairs and Maintenance	2,391	10,000	
Janitorial Maintenance	3,957	16,550	
Janitorial Supplies	314	1,314	
Office Equipment Maintenance	371	1,553	
Office Supplies/Clubhouse Supplies	558	2,333	
Air Conditioning Maintenance	321	1,342	
Fitness Equipment Lease	2,289	9,573	
Fitness Equipment Maintenance	743	3,106	
Window Cleaning/Pressure Cleaning	-	-	
Porter Service	614	2,567	
Trash Collection	112	467	
Special Events	2,391	10,000	
Holiday Lighting	3,111	13,010	
Contingency	-	-	
Capital Reserve	-	-	
TOTAL AMENITY	$	42,788	$	178,943	
			
TOTAL EXPENDITURES	$	68,788	$	287,679	

	
		
Proposed Budget	Proposed Budget FY2026	
FY 2026	Willow Creek II CDD	
23.91%		

$	19,655	

$	82,200	
686	2,867	
244	1,020	
244	1,020	
5,452	22,800	
1,722	7,200	
531	2,220	
-	-	
3,553	14,861	
3,745	15,660	
979	4,095	
187	780	
5,739	24,000	
7,050	29,485	
6,743	28,200	
538	2,252	
637	2,662	
956	4,000	
550	2,300	
3,924	16,411	
1,273	5,324	
1,273	5,325	
1,052	4,400	
191	800	
4,467	18,682	
3,111	13,010	
2,262	9,460	
2,869	12,000	
$	79,633	$	333,034	
		
$  139,084	$	581,662	

	

Estimated Budget	
at Buildout	

$	100,000
2,867
1,638
12,831
27,847
20,066
3,686
3,522
19,636
26,823
4,095
819
34,399
29,485
50,000
2,252
2,662
6,962
2,293
6,143
5,324
4,423
819
12,285
18,682
40,000
12,655
12,000	
$	464,214	
	
$	1,039,279	

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.	
Special Assessments-Direct	
The District is levying platted lots direct to builder to fund general operating expenditures for the Fiscal Year.	
Developer Contribution	
The District entered into a funding agreement with the developer to fund all general operating expenditures for the Fiscal Year	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

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 increase.	
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-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Property Appraiser	
The Brevard County Board of Commissioners provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Board of Commissioners for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The budget for Board of Commissioners costs was based on a unit price per parcel.	
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.	

Expenditures - Administrative (continued)	
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.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of	
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	

Utilities - Electric
FPL provides electricity to entrance and lift station.
Location	Vendor	Monthly	Total	
1101 Willow Creek Blvd - Entrance	FPL	35	420	
7705 Fortana Way - Lift Station	FPL	60	720	
1135 Willow Creek Blvd Pump Foun	FPL	700	8,400	
8059 Cortese DR #LS	FPL	90	1,080	
1401 Willow Creek Blvd - Fountain	FPL	600	7,200	
7893 Turchetta Ct - Mter #3048690	FPL	600	7,200	
		Total	25,020	
Utilities - Streetlights
FPL streetlight meters throughout the district.				
Location	Vendor	Monthly	Total	
1125 Willow Creek Blve SL	FPL	1,600	19,200	
Utilities - Water & Sewer
City of Titusville provides water and sewer service to the district.
Location	Vendor	Monthly	Total	
7705 Fortana Way LS	City of Titusville	13	156	
1135 Willow Creek Blvd	City of Titusville	65	780	
8516 Cortese Dr	City of Titusville	200	2,400	
8556 Cortese Dr	City of Titusville	200		2,400 	
		Total	5,736	

Willow Creek	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2022 Capital Improvement Bonds	

Adopted
Budget	Actuals Thru	Projected Next	Projected Thru	Approved
Proposed	
Description	FY2025	3/31/25	6 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	175,667	$	173,189	$	2,478	$	175,667	$	175,667	
Special Assessments - Prepayments	-	-	-	-	-	
Interest Earnings	3,500	4,080	2,500	6,580	3,500	
Carry Forward Surplus (1)	86,658	86,918	-	86,918	96,002	

TOTAL REVENUES	$	265,825	$	264,187	$	4,978	$	269,165	$	275,169	

EXPENDITURES:

Interest - 11/01	$	66,581	$	66,581	$	-	$	66,581	$	65,641	
Interest - 05/01	66,581	-	66,581	66,581	65,641	
Principal - 05/01	40,000	-	40,000	40,000	40,000	
Special Call - 05/01	-	-	-	-	-	

TOTAL EXPENDITURES	$	173,163	$	66,581	$	106,581	$	173,163	$	171,283	

TOTAL EXPENDITURES	$	173,163	$	66,581	$	106,581	$	173,163	$	171,283	

EXCESS REVENUES (EXPENDITURES)	$	92,662	$	197,605	$	(101,603)	$	96,002	$	103,886	

Interest Due 11/1/26	$	64,701	

(1) Carry Forward is Net of Reserve Requirement

Willow Creek	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2022 Capital Improvement Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/31/22	$2,575,000	4.700%	$-	$-	-	
11/01/22	2,575,000	4.700%	-	57,789	57,789	
05/01/23	2,575,000	4.700%	35,000	68,888		
11/01/23	2,540,000	4.700%	10,000	68,065	181,953	
05/01/24	2,530,000	4.700%	50,000	67,793	-	
11/01/24	2,480,000	4.700%	-	66,581	184,374	
05/01/25	2,480,000	4.700%	40,000	66,581		
11/01/25	2,440,000	4.700%	-	65,641	172,223	
05/01/26	2,440,000	4.700%	40,000	65,641		
11/01/26	2,400,000	4.700%	-	64,701	170,343	
05/01/27	2,400,000	4.700%	45,000	64,701		
11/01/27	2,355,000	4.700%	-	63,644	173,345	
05/01/28	2,355,000	5.000%	45,000	63,644		
11/01/28	2,310,000	5.000%	-	62,519	171,163	
05/01/29	2,310,000	5.000%	50,000	62,519		
11/01/29	2,260,000	5.000%	-	61,269	173,788	
05/01/30	2,260,000	5.000%	50,000	61,269		
11/01/30	2,210,000	5.000%	-	60,019	171,288	
05/01/31	2,210,000	5.000%	55,000	60,019		
11/01/31	2,155,000	5.000%	-	58,644	173,663	
05/01/32	2,155,000	5.000%	55,000	58,644		
11/01/32	2,100,000	5.000%	-	57,269	170,913	
05/01/33	2,100,000	5.375%	60,000	57,269		
11/01/33	2,040,000	5.375%	-	55,656	172,925	
05/01/34	2,040,000	5.375%	65,000	55,656		
11/01/34	1,975,000	5.375%	-	53,909	174,566	
05/01/35	1,975,000	5.375%	65,000	53,909		
11/01/35	1,910,000	5.375%	-	52,163	171,072	
05/01/36	1,910,000	5.375%	70,000	52,163		
11/01/36	1,840,000	5.375%	-	50,281	172,444	
05/01/37	1,840,000	5.375%	75,000	50,281		
11/01/37	1,765,000	5.375%	-	48,266	173,547	
05/01/38	1,765,000	5.375%	80,000	48,266		
11/01/38	1,685,000	5.375%	-	46,116	174,381	
05/01/39	1,685,000	5.375%	85,000	46,116		
11/01/39	1,600,000	5.375%	-	43,831	174,947	
05/01/40	1,600,000	5.375%	85,000	43,831		
11/01/40	1,515,000	5.375%	-	41,547	170,378	
05/01/41	1,515,000	5.375%	90,000	41,547		
11/01/41	1,425,000	5.375%	-	39,128	170,675	
05/01/42	1,425,000	5.375%	95,000	39,128		
11/01/42	1,330,000	5.375%	-	36,575	170,703	
05/01/43	1,330,000	5.500%	100,000	36,575		
11/01/43	1,230,000	5.500%	-	33,825	170,400	
05/01/44	1,230,000	5.500%	110,000	33,825		
11/01/44	1,120,000	5.500%	-	30,800	174,625	
05/01/45	1,120,000	5.500%	115,000	30,800		
11/01/45	1,005,000	5.500%	-	27,638	173,438	
05/01/46	1,005,000	5.500%	120,000	27,638		
11/01/46	885,000	5.500%	-	24,338	171,975	
05/01/47	885,000	5.500%	130,000	24,338		
11/01/47	755,000	5.500%	-	20,763	175,100	
05/01/48	755,000	5.500%	135,000	20,763		
11/01/48	620,000	5.500%	-	17,050	172,813	
05/01/49	620,000	5.500%	140,000	17,050		
11/01/49	480,000	5.500%	-	13,200	170,250	
05/01/50	480,000	5.500%	150,000	13,200		
11/01/50	330,000	5.500%	-	9,075	172,275	
05/01/51	330,000	5.500%	160,000	9,075		
11/01/51	170,000	5.500%	-	4,675	173,750	
05/01/52	170,000	5.500%	170,000	4,675	174,675	
TOTAL		$	2,575,000	$	2,680,776	$	5,255,776	

Willow Creek	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2026	

Neighborhood	O&M Units	Bonds 2022
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	

On Roll												
Single Family-Phase 1	79	0	$900.00	$900.00	$0.00	$0.00	$0.00	$0.00	$900.00	$900.00	$0.00	
Single Family-Village D	72	71	$900.00	$900.00	$0.00	$765.90	$765.90	$0.00	$1,665.90	$1,665.90	$0.00	
Single Family-Village B	173	173	$900.00	$900.00	$0.00	$765.90	$765.90	$0.00	$1,665.90	$1,665.90	$0.00	
Total	324	244										

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