Dowden West	
Community Development District	

Approved Proposed Budget	
FY 2026	

Table of Contents

1-2	General Fund	

3-6	

General Fund Narrative	

7	

Series 2018 Debt Service Fund	

8	

Series 2018 Amortization Schedule	

9	

Series 2024 Debt Service Fund	

10	

Series 2024 Amortization Schedule	

11	

Assessment Rate Sheet	

Dowden West	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2025	4/30/25	5 Months	9/30/25	FY 2026	
REVENUES:

Special Assessments - On Roll	$	817,967	$	811,206	$	6,761	$	817,967	$	893,769	
Special Assessments - Direct	152,311	152,311	-	152,311	76,511	
Developer Contributions	602,194	-	-	-	792,448	

TOTAL REVENUES	$	1,572,472	$	963,517	$	6,761	$	970,278	$	1,762,729	
EXPENDITURES:

Administrative						
Supervisor Fees	$	2,400	$	-	$	2,400	$	2,400	$	2,400	
PR-FICA	184	-	184	184	184	
Engineering	15,000	5,574	9,426	15,000	15,000	
Attorney	25,000	2,006	22,994	25,000	25,000	
Arbitrage Rebate	900	450	-	450	450	
Dissemination Agent	3,675	2,144	1,531	3,675	3,896	
Annual Audit	5,000	-	3,200	3,200	3,300	
Trustee Fees	5,051	4,041	-	4,041	8,869	
Assessment Administration	5,250	5,250	-	5,250	5,565	
Management Fees	42,500	24,792	17,708	42,500	45,050	
Information Technology	1,260	735	525	1,260	1,336	
Website Maintenance	840	490	350	840	890	
Telephone	300	-	300	300	300	
Postage & Delivery	750	36	464	500	500	
Printing & Binding	750	23	728	750	750	
Insurance General Liability	6,817	6,631	-	6,631	7,294	
Legal Advertising	7,500	2,052	2,948	5,000	5,000	
Office Supplies	150	0	150	150	150	
Other Current Charges	2,000	639	1,361	2,000	2,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	125,501	$	55,037	$	64,269	$	119,305	$	128,108	
Operations & Maintenance						

Operations & Maintenance						
Contract Services						
Field Management	$	17,530	$	10,226	$	7,304	$	17,530	$	18,582	
Landscape Maintenance	799,258	237,783	256,975	494,758	979,162	
Lake Maintenance	47,000	6,650	4,750	11,400	48,000	
Mitigation Monitoring	10,000	-	10,000	10,000	11,500	
Pest Control	-	16,784	12,140	28,923	30,592	
Repairs & Maintenance						
General Repairs & Maintenance	2,500	-	2,500	2,500	2,500	
Operating Supplies	500	-	500	500	500	
Landscape Replacement	20,000	12,962	9,259	22,220	25,000	
Irrigation Repairs	7,500	2,375	5,125	7,500	7,500	
Alleway Maintenance	5,000	-	5,000	5,000	5,000	
Signage	3,500	-	3,500	3,500	3,500	

Dowden West	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2025	4/30/25	5 Months	9/30/25	FY 2026	

Operations & Maintenance (continued)						
Utilities						
Electric	$	66,000	$	786	$	600	$	1,386	$	2,000	
Water & Sewer	104,280	32,992	22,500	55,492	104,280	
Streetlights	331,225	88,989	63,750	152,739	378,807	
Other						
Contingency	25,000	-	30,527	30,527	10,000	
Property Insurance	7,677	6,997	-	6,997	7,697	

TOTAL OPERATIONS & MAINTENANCE	$	1,446,971	$	416,543	$	434,429	$	850,973	$	1,634,621	

TOTAL EXPENDITURES	$	1,572,472	$	471,580	$	498,698	$	970,278	$	1,762,729	

EXCESS REVENUES (EXPENDITURES)	$	-	$	491,937	$	(491,937)	$	-	$	-	

Dowden West	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

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 will enter into a Direct Bill Agreement with the Developer to fund the operating expenditures for unplatted lots for the Fiscal Year.	
Developer Contributions	
The District will enter into a Funding Agreement with the Developer to fund the operating expenditures not covered by assessments for the Fiscal Year.	
Expenditures - Administrative	
Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend.  The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.	
FICA Taxes	
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
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.	
Arbitrage Rebate	
The District is required to have an annual arbitrage rebate calculation prepared for the Series 2015, Special Assessment Refunding Bonds. The District has contracted with LLS Tax Solutions to perform this calculation.	
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.	
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.	
Assessment Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
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.	

Dowden West	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

Expenditures - Administrative (continued)			
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 – South Florida, 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 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 general circulation.	
Office Supplies			
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
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 Florida Department of Commerce for $175.	
Expenditures - Field			
Field Manager			
The supervision and on-site management of the District. The responsibilities include reviewing contracts and other maintenance
related items.	
VENDOR:	MONTHLY AMOUNT	ANNUAL AMOUNT	
Governmental Mgmt Services S-FL, LLC.	$1,548.48	$18,581.76	
Landscape Maintenance			
The District will enter into a contract for the monthly maintenance of common areas.	
Vendor:	MONTHLY AMOUNT	ANNUAL AMOUNT	
Yellowstone Landscape-Southeast, LLC.	$52,894.00	$634,728.00	
Future Landscape addition		$344,434.00	
		$979,162.00	
Lake Maintenance			
The District will enter into a contract for the monthly maintenance of the District lakes and canal.	
Vendor:	MONTHLY AMOUNT	ANNUAL AMOUNT	
Aquatic Weed Management, Inc.	$4,000.00	$48,000.00	
Mitigation Monitoring			
The District will assign this expense to lake mitigation monitoring.			

Dowden West	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

Expenditures - Field (continued)				
Pest Control				
The District will enter into a contract for the monthly pest & mosquito control.	
Vendor:		MONTHLY AMOUNT	ANNUAL AMOUNT	
Clarke Environmental Mosquito Mgmt.	$2,549.36	$30,592.30	
General Repairs & Maintenance				
Any miscellaneous repairs not included in another budget line item.	
Operating Supplies				
The District may incur expenses to purchase supplies for daily operations.	
Landscape Replacement				
The cost associated with any replacement of landscaping during the year.	
Irrigation Repairs				
Represents estimated cost for repairing irrigation line breaks, replacement of sprinklers, etc.	
Alleway Maintenance				
This expense will be allocated to the upkeep of the entry roads of the District.	
Signage				
The cost associated with any purchase, repairs or replacement of mandated signs throughout the District.	
Utilities - Electric				
Represents current and estimated electric charges of common areas throughout the District.	
ORLANDO UTILITY CO. ACCT #'S:	LOCATION	MONTHLY AMOUNT	ANNUAL AMOUNT	
3388289887	12306 Dowden RD	$44	$529	
	11953 Landing Point Loop	$49	$592	
	11870 Globe St Irrigation	$33	$391	
	TBD		$488	
		$126	$2,000	
Utilities - Water & Sewer				
Represents current and estimated costs for water and refuse services provided for common areas throughout the District.	

ORANGE COUNTY UTILITIES ACCT #'S:	
LOCATION	MONTHLY AMOUNT	ANNUAL AMOUNT	
6344976732	11905 Founders Street	$18	$216	
	12082 Dowden Rd	$750	$9,000	
	12113 Dowden Rd	$18	$216	
	12239 Dowden Rd	$18	$216	
	12259 Dowden Rd	$280	$3,360	
	12286 Dowden Rd	$225	$2,700	
	12306 Dowden Rd	$20	$240	
	12311 Dowden Rd	$170	$2,040	
	12321 Dowden Rd	$87	$1,044	
	12328 Dowden Rd	$190	$2,280	
	12333 Dowden Rd	$80	$960	
	12364 Dowden Rd	$20	$240	
	12388 Dowden Rd	$20	$240	
	12412 Dowden Rd	$20	$240	
	19027 Exploration Ave	$950	$11,400	
	9195 Headsail Ave	$540	$6,480	
	9293 Sea Pine Ave	$200	$2,400	
	7871 Clove Hitch Way	$350	$4,200	
	11870 Globe Street	$450	$5,400	
	9447 Launch Point Rd	$40	$480	
	9738 Launch Point Rd	$545	$6,540	
	TBD		$44,388		
		$4,991	$104,280	

Dowden West	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

Expenditures - Field (continued)	
Utilities - Streetlights				
Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal
year.	
ORLANDO UTILITY CO. ACCT #'S:	LOCATION	MONTHLY AMOUNT	ANNUAL AMOUNT	
3388289887	0 Dowden RD	$8,285	$99,414	
	0 Sunsail Ave	$5,040	$60,480	
	TBD		$218,913		
		$13,325	$378,807	
Contingency				
Any other miscellaneous expenses incurred during the year.	
Property Insurance				
The District's Property 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.	

Dowden West	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2018 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2025	4/30/25	5 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	420,744	$	417,266	$	3,478	$	420,744	$	420,744	
Interest Earnings	-	10,303	5,000	15,303	10,000	
Carry Forward Surplus (1)	228,256	238,002	-	238,002	267,167	

TOTAL REVENUES	$	649,000	$	665,571	$	8,478	$	674,049	$	697,911	

EXPENDITURES:

Interest - 11/1	$	154,073	$	154,073	$	-	$	154,073	$	151,405	
Interest - 5/1	154,073	-	154,073	154,073	151,405	
Principal - 5/1	110,000	-	110,000	110,000	115,000	

TOTAL EXPENDITURES	$	418,145	$	154,073	$	264,073	$	418,145	$	417,810	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	11,262	$	-	$	11,262	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	11,262	$	-	$	11,262	$	-	

TOTAL EXPENDITURES	$	418,145	$	142,810	$	264,073	$	406,883	$	417,810	

EXCESS REVENUES (EXPENDITURES)	$	230,855	$	522,761	$	(255,594)	$	267,167	$	280,101	

Interest Due 11/1/26	 $	148,616 	
	 $	148,616 	

(1) Carry Forward is Net of Reserve Requirement

Dowden West	
Community Development District	
Series 2018 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Principal	Interest	Total	

11/01/23	$	5,785,000	$	-	$	156,619	$	156,619	
05/01/24	5,785,000	105,000	156,619	-	
11/01/24	5,680,000	-	154,073	415,691	
05/01/25	5,680,000	110,000	154,073	-	
11/01/25	5,570,000	-	151,405	415,478	
05/01/26	5,570,000	115,000	151,405	-	
11/01/26	5,455,000	-	148,616	415,021	
05/01/27	5,455,000	125,000	148,616	-	
11/01/27	5,330,000	-	145,585	419,201	
05/01/28	5,330,000	130,000	145,585	-	
11/01/28	5,200,000	-	142,433	418,018	
05/01/29	5,200,000	135,000	142,433	-	
11/01/29	5,065,000	-	139,159	416,591	
05/01/30	5,065,000	145,000	139,159	-	
11/01/30	4,920,000	-	135,244	419,403	
05/01/31	4,920,000	150,000	135,244	-	
11/01/31	4,770,000	-	131,194	416,438	
05/01/32	4,770,000	160,000	131,194	-	
11/01/32	4,610,000	-	126,874	418,068	
05/01/33	4,610,000	170,000	126,874	-	
11/01/33	4,440,000	-	122,284	419,158	
05/01/34	4,440,000	180,000	122,284	-	
11/01/34	4,260,000	-	117,424	419,708	
05/01/35	4,260,000	190,000	117,424	-	
11/01/35	4,070,000	-	112,294	419,718	
05/01/36	4,070,000	200,000	112,294	-	
11/01/36	3,870,000	-	106,894	419,188	
05/01/37	3,870,000	210,000	106,894	-	
11/01/37	3,660,000	-	101,224	418,118	
05/01/38	3,660,000	220,000	101,224	-	
11/01/38	3,440,000	-	95,284	416,508	
05/01/39	3,440,000	235,000	95,284	-	
11/01/39	3,205,000	-	88,939	419,223	
05/01/40	3,205,000	245,000	88,939	-	
11/01/40	2,960,000	-	82,140	416,079	
05/01/41	2,960,000	260,000	82,140	-	
11/01/41	2,700,000	-	74,925	417,065	
05/01/42	2,700,000	275,000	74,925	-	
11/01/42	2,425,000	-	67,294	417,219	
05/01/43	2,425,000	290,000	67,294	-	
11/01/43	2,135,000	-	59,246	416,540	
05/01/44	2,135,000	310,000	59,246	-	
11/01/44	1,825,000	-	50,644	419,890	
05/01/45	1,825,000	325,000	50,644	-	
11/01/45	1,500,000	-	41,625	417,269	
05/01/46	1,500,000	345,000	41,625	-	
11/01/46	1,155,000	-	32,051	418,676	
05/01/47	1,155,000	365,000	32,051	-	
11/01/47	790,000	-	21,923	418,974	
05/01/48	790,000	385,000	21,923	-	
11/01/48	405,000	-	11,239	418,161	
05/01/49	405,000	405,000	11,239	416,239	

$	5,785,000	$	5,233,255	$	11,018,255	

Dowden West	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2024 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2025	4/30/25	5 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	166,725	$	164,669	$	2,056	$	166,725	$	224,799	
Special Assessments - Direct	58,075	58,785	-	58,785	-	
Interest Earnings	-	4,986	3,000	7,986	6,000	
Carry Forward Surplus (1)	103,749	108,724	-	108,724	102,161	

TOTAL REVENUES	$	328,549	$	337,164	$	5,056	$	342,220	$	332,960	

EXPENDITURES:

Interest - 11/1	$	103,749	$	103,749	$	-	$	103,749	$	86,310	
Interest - 5/1	86,310	-	86,310	86,310	85,210	
Principal - 5/1	50,000	-	50,000	50,000	50,000	

TOTAL EXPENDITURES	$	240,059	$	103,749	$	136,310	$	240,059	$	221,520	

TOTAL EXPENDITURES	$	240,059	$	103,749	$	136,310	$	240,059	$	221,520	

EXCESS REVENUES (EXPENDITURES)	$	88,490	$	233,415	$	(131,254)	$	102,161	$	111,440	

Interest Due 11/1/26	 $	85,210 	
	 $	85,210 	

(1) Carry Forward is Net of Reserve Requirement

Dowden West	
Community Development District	
Series 2024 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Principal	Interest	Total	
11/01/25	3,260,000	-	86,310	222,620	
05/01/26	3,260,000	50,000	85,210	-	
11/01/26	3,210,000	-	85,210	220,420	
05/01/27	3,210,000	55,000	84,055	-	
11/01/27	3,155,000	-	84,055	223,110	
05/01/28	3,155,000	55,000	82,845	-	
11/01/28	3,100,000	-	82,845	220,690	
05/01/29	3,100,000	60,000	81,580	-	
11/01/29	3,040,000	-	81,580	223,160	
05/01/30	3,040,000	60,000	80,260	-	
11/01/30	2,980,000	-	80,260	220,520	
05/01/31	2,980,000	65,000	78,885	-	
11/01/31	2,915,000	-	78,885	222,770	
05/01/32	2,915,000	70,000	77,400	-	
11/01/32	2,845,000	-	77,400	224,800	
05/01/33	2,845,000	70,000	75,860	-	
11/01/33	2,775,000	-	75,860	221,720	
05/01/34	2,775,000	75,000	74,265	-	
11/01/34	2,700,000	-	74,265	223,530	
05/01/35	2,700,000	80,000	72,390	-	
11/01/35	2,620,000	-	72,390	224,780	
05/01/36	2,620,000	80,000	70,290	-	
11/01/36	2,540,000	-	70,290	220,580	
05/01/37	2,540,000	85,000	68,125	-	
11/01/37	2,455,000	-	68,125	221,249	
05/01/38	2,455,000	90,000	65,828	-	
11/01/38	2,365,000	-	65,828	221,655	
05/01/39	2,365,000	95,000	63,400	-	
11/01/39	2,270,000	-	63,400	221,799	
05/01/40	2,270,000	100,000	60,840	-	
11/01/40	2,170,000	-	60,840	221,680	
05/01/41	2,170,000	105,000	58,150	-	
11/01/41	2,065,000	-	58,150	221,299	
05/01/42	2,065,000	110,000	55,328	-	
11/01/42	1,955,000	-	55,328	220,655	
05/01/43	1,955,000	120,000	52,309	-	
11/01/43	1,835,000	-	52,309	224,618	
05/01/44	1,835,000	125,000	49,093	-	
11/01/44	1,710,000	-	49,093	223,186	
05/01/45	1,710,000	130,000	45,649	-	
11/01/45	1,580,000	-	45,649	221,298	
05/01/46	1,580,000	140,000	41,903	-	
11/01/46	1,440,000	-	41,903	223,805	
05/01/47	1,440,000	145,000	37,948	-	
11/01/47	1,295,000	-	37,948	220,896	
05/01/48	1,295,000	155,000	33,786	-	
11/01/48	1,140,000	-	33,786	222,571	
05/01/49	1,140,000	165,000	29,346	-	
11/01/49	975,000		29,346	223,691	
05/01/50	975,000	175,000	24,628	-	
11/01/50	800,000		24,628	224,256	
05/01/51	800,000	185,000	19,633	-	
11/01/51	615,000		19,633	224,266	
05/01/52	615,000	195,000	14,361	-	
11/01/52	420,000		14,361	223,721	
05/01/53	420,000	205,000	8,811	-	
11/01/53	215,000		8,811	222,621	
05/01/54	215,000	215,000	5,966	-	
	$	3,260,000	$	3,276,622	$	6,451,966	

Dowden West	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2026	

Description	
O&M Units	Bonds Units
2018	Bonds Units
2024	
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)	
							2018	2024	2018	2024					

Townhome	
364	
208	
156	
$713.61	
$713.61	
$0.00	
$500.00	
$498.87	
$500.00	
$498.87	
$0.00	
$1,712.48	
$1,712.48	
$0.00	
Single Family - 40'	225	201	24	$1,141.78	$1,141.78	$0.00	$800.00	$917.92	$800.00	$917.92	$0.00	$2,859.70	$2,859.70	$0.00	
Single Family - 50'	207	118	89	$1,427.23	$1,427.23	$0.00	$1,000.00	$1,147.40	$1,000.00	$1,147.40	$0.00	$3,574.63	$3,574.63	$0.00	
Single Family - 60'	81	54	27	$1,712.67	$1,712.67	$0.00	$1,200.00	$1,376.88	$1,200.00	$1,376.88	$0.00	$4,289.55	$4,289.55	$0.00	
Unplatted - Admin	569	0	0	$143.05	$143.05	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$143.05	$143.05	$0.00	
Total	1446	581	296