Viera East
Community Development District

Proposed Budget
FY 2027

Viera East	
Community Development District	

Table of Contents

Pages
General Fund	1-2
General Fund Narrative	3-8
Capital Reserve	9
Debt Service - Series 2020	10
Debt Service Fund - Series 2020 Amortization	11
Golf Course & Food and Beverage	12-14
Golf Course & Food and Beverage Narrative	15-23

Viera East	
Community Development District	
General Fund	
Proposed Operating Budget	
Fiscal Year 2027	

Adopted	Actuals	Projected	Total	Proposed	
Actuals	Budget	As Of	Next	Projected @	Budget	
FY 2025	FY 2026	4/31/26	5 Months	9/30/26	FY 2027	

Revenues							
Maintenance Assessments	$1,389,162	$1,378,973	$1,355,253	$23,720	$1,378,973	$1,949,835	
Golf Course Administrative Services	$56,280	$56,280	$32,830	$23,450	$56,280	$56,280	
Donations for Park Materials	$0	$0	$0	$0	$0	$0	
Miscellaneous Income - Farmers Market	$8,292	$10,000	$3,354	$2,396	$5,751	$6,000	
Interest Income	$20,176	$5,000	$13,452	$4,804	$18,256	$10,000	
Total Revenues	$  1,473,909	$  1,450,253	$  1,404,889	$	54,371	$	1,459,260	$	2,022,115	

Administrative Expenditures							

Supervisors Fees	$25,322	$30,519	$15,105	$10,789	$25,894	$30,519	
Engineering Fees	$0	$5,000	$0	$350	$350	$5,000	
Attorney's Fees	$12,483	$20,000	$6,113	$4,000	$10,113	$20,000	
Dissemination	$1,050	$1,082	$631	$451	$1,082	$1,136	
Trustee Fees	$4,041	$6,160	$2,357	$3,803	$6,160	$6,468	
Annual Audit	$14,661	$15,022	$8,763	$6,259	$15,022	$15,170	
Collection Agent	$0	$2,575	$1,502	$1,073	$2,575	$5,330	
Management Fees	$115,242	$118,700	$69,242	$49,458	$118,700	$124,635	
Postage	$13	$2,000	$125	$125	$250	$2,000	
Printing & Binding	$375	$2,500	$26	$18	$44	$2,500	
Insurance - Liability	$9,760	$12,804	$6,327	$6,477	$12,804	$13,444	
Legal Advertising	$770	$2,500	$110	$78	$188	$2,500	
Other Current Charges	$6,407	$1,200	$217	$155	$371	$1,200	
Office Supplies	$103	$2,000	$93	$67	$160	$2,000	
Dues & Licenses	$175	$175	$175	$0	$175	$175	
Information Technology	$4,735	$4,972	$2,900	$2,072	$4,972	$5,221	

Total Administrative	$	195,137	$	227,208	$	113,684	$	85,175	$	198,859	$	237,298	

Operating Expenditures

Salaries	$182,683	$187,425	$115,543	$82,530	$198,073	$196,796	
Administration Fee	$1,900	$1,508	$353	$252	$605	$1,583	
FICA Expense	$13,975	$14,338	$9,567	$6,834	$16,401	$15,055	
Health Insurance	$1,366	$5,250	$587	$419	$1,006	$5,513	
Workers Compensation	$2,811	$4,169	$2,274	$1,624	$3,899	$4,377	
Unemployment	$610	$1,119	$476	$340	$816	$1,119	
Retirement Contribution	$0	$5,061	$3,884	$2,774	$6,658	$5,061	
Other Contractual	$9,283	$10,000	$6,707	$4,790	$11,497	$10,000	
Marketing - Lifestyle/Amenities	$90,416	$116,000	$62,062	$44,330	$106,392	$116,000	
Training	($87)	$500	$710	$507	$1,218	$500	

Total Operating	$	302,958	$	345,370	$	202,163	$	144,402	$	346,565	$	356,004	

Maintenance Expenditures

Canal Maintenance	$9,850	$14,000	$11,780	$2,220	$14,000	$14,000	
Lake Bank Restoration	$170,620	$164,000	$161,079	$2,922	$164,000	$164,000	
Lake Bank Education Project	$0	$3,000	$0	$3,000	$3,000	$3,000	
Environmental Services	$0	$10,000	$0	$10,000	$10,000	$10,000	
Water Management System	$136,763	$148,622	$72,281	$76,341	$148,622	$148,622	
Midge Control	$0	$8,000	$0	$8,000	$8,000	$8,000	
Contingencies	$2,890	$7,500	$2,313	$1,652	$3,965	$7,500	
Fire Line Management	$1,895	$3,500	$700	$500	$1,200	$3,500	
Basin Repair	$0	$3,000	$0	$3,000	$3,000	$3,000	

Total Maintenance	$	322,019	$	361,622	$	248,153	$	107,635	$	355,788	$	361,622	

Viera East	
Community Development District	
General Fund	
Proposed Operating Budget	
Fiscal Year 2027	

Adopted	Actuals	Projected	Total	Proposed	
Actuals	Budget	As Of	Next	Projected @	Budget	
FY 2025	FY 2026	4/31/26	5 Months	9/30/26	FY 2027	

Grounds Maintenance Expenditures							
Salaries	$197,533	$244,367	$115,357	$82,398	$197,754	207,641.97	
Bonus Program	$59,814	$0	$75,108	$0	$75,108	$0	
Administrative Fees	$2,162	$2,840	$1,402	$1,002	$2,404	$2,982	
FICA Expense	$15,111	$18,694	$9,505	$6,789	$16,294	15,884.61	
Health Insurance	$32,068	$34,538	$20,559	$14,685	$35,244	$36,265	
Workers Compensation	$3,254	$5,436	$2,316	$1,654	$3,970	$5,708	
Unemployment	$1,254	$2,608	$1,106	$790	$1,895	$2,608	
Retirement Contribution	$0	$6,682	$0	$0	$0	$6,682	
Telephone/Internet	$9,063	$6,000	$5,244	$3,746	$8,990	$6,600	
Utilities	$6,008	$8,020	$2,332	$1,666	$3,998	$8,822	
Property Appraiser	$2,391	$2,100	$2,391	$0	$2,391	$2,500	
Insurance - Property	$3,636	$3,711	$2,326	$1,661	$3,987	$4,186	
Repairs	$40,261	$25,000	$34,054	$24,325	$58,379	$50,000	
Fuel	$15,015	$18,000	$8,285	$5,918	$14,203	$18,000	
Park Maintenance	$30,612	$35,000	$24,479	$17,485	$41,964	$45,000	
Sidewalk Repair	$0	$15,000	$8,638	$6,170	$14,807	$15,000	
Chemicals	$3,241	$4,000	$613	$438	$1,051	$4,000	
Contingencies	$18,889	$10,000	$4,044	$2,888	$6,932	$10,000	
Refuse	$15,121	$18,000	$8,196	$5,854	$14,050	$18,000	
Office Supplies	$2,361	$2,500	$278	$199	$477	$2,500	
Uniforms	$3,271	$4,000	$3,850	$2,750	$6,600	$4,000	
Fire Alarm System	$270	$500	$0	$500	$500	$500	
Rain Bird Pump System	$9,194	$0	$0	$0	$0	$0	
Park Materials	$335	$10,000	$195	$139	$334	$10,000	
Bay Hill Flow Way Maintenance	$0	$20,000	$0	$20,000	$20,000	$20,000	
Maintenance Reserve - Transfer Out	$31,777	$19,058	$0	$19,058	$19,058	$570,312	
Maintenance Reserve - Transfer Out (Excess)	$0	$0	$0	$0	$0	$0	

Total Grounds Expenditures	$	502,640	$	516,053	$	330,278	$	220,114	$	550,393	$	1,067,191	

Total Expenses	$  1,322,754	$  1,450,253	$	894,278	$	557,326	$	1,451,604	$	2,022,115	

Excess Revenue/(Expenditures)	$	151,156	$	-	$	510,611	$  (502,956)	$	7,655	-	

FY 2026	FY 2027	Change	

Net Assessment - General	$ 1,350,028	$	1,920,890	$	570,862	
Net Assessment - Recreation	$	28,945	$	28,945	$	-	
Total Net Assessments	$ 1,378,973	$	1,949,835	$	570,862	
Discounts @ 6%	$	88,020	$	124,458	$	36,438	
Gross Assessment	$ 1,466,993	$	2,074,293	607,300	

Assessable Units - Residential	4,204	4,204	
Assessable Units - Non-Residential	1,869	1,869	
Total Units	6,073	6,073	

Gross Assessment per Unit - General Fund	$	236.49	$	336.49	$	100.00	
Gross Assessment per Unit - Recreation	$	128.67	$	8.27	$	(120.40)	
Gross Assessment per Unit - Debt Service	$	138.90	$	108.57	$	(30.33)	
	$	504.06	$	453.32	$	(50.74)	

Viera East	
Community Development District	
General Fund Budget	

Revenues: 

Maintenance Assessments	
The District will levy a Non-Ad Valorem Assessment on all the assessable property within the District in order to pay for its operating and maintenance expenditures incurred during the fiscal year.	

Golf Course Administrative Services	
Represents Golf Course Fund portion of salary and benefits for employees paid from the General Fund.	

Description	Annual Amount	
Base	$	75,000.00	
10% of Maintenance Supervisor	$	(7,280.00)	
50% of Labor Position	$	(11,440.00)	
Total	 $	56,280.00 	

Miscellaneous Income - Farmers' Market	
Miscellaneous income received by the District including income from the Farmers' Market.	

Interest Income	
The District will earn interest on balances invested during the year.	

Administrative Expenditures:

Supervisors Fees	
The amount paid to each supervisor for the time devoted to District business and meetings is determined by Chapter 190, Florida Statutes, at $200 per meeting. Amount is based on five supervisors receiving fees for two meetings per month.	

Engineering Fees	
The District's engineer, Robb & Taylor Engineering Solutions Inc, will be providing general engineering services to the District, which includes preparation and attendance of monthly board meetings.	

Attorney Fees

Legal Counsel:	Shutts and Bowen LLP	
	300 South Orange Avenue	
	Suite 300	
	Orlando, FL 32801	
	Telephone: (407) 835-6759	
	Fax: (407) 849-7288	

The District's legal counsel, Shutts and Bowen, will be providing general services, which include attendance and preparation for monthly board meetings. Also, services include reviewing contracts, agreements, resolutions, rule amendments, etc.

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 un-rated bond issues.	

o Series 2020 Special Assessment Revenue Bond	$	1,136.10

Trustee Fees 	
The District will pay annual trustee fees for the Series 2020 Special Assessment Revenue Bond.	

Annual Audit	
The District is required to annually have its financial records audited by an independent Certified Public Accounting Firm. The estimated cost of the audit is based on the prior fiscal year and will be shared with the Recreational Fund.	

Collection Agent	
Fees incurred by GMS-Central Florida, LLC for calculating, levying and certification of the District’s Non-Ad valorem Maintenance Assessments with the Brevard County Tax Collector.	

Contractor	Services	Monthly	Annual	
GMS-Central Florida ,LLC	Assessments	$	444.17	$	5,330.00	

Management Fees	
The District has contracted with GMS-Central Florida, LLC to provide Accounting and Administrative Services for the District. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, financial reporting, annual audits, etc.	

Postage	
Mailing of Board Meeting agendas, checks for vendors, overnight deliveries and any other required correspondence. Amount is based on prior year's cost.	

Printing & Binding	
Printing and binding agenda packages for board meetings, printing of computerized checks, District brochures, correspondence, stationary, envelopes etc.	

Insurance - Liability	
The District’s general liability, public official’s liability, and automobile insurance coverage is provided by EGIS Insurance & Risk Advisors.	

Description	Admin. Amount	Field Amount	Annual Amount	
General Liability	$	8,173	$	-	$	8,173	
POL/EPLI	$	5,271	$	-	$	5,271	
Property	$	-	$	4,186	$	4,186	
Total	 $	13,444		$	4,186		$	17,631 	

Legal Advertising	
Advertising of monthly board meetings, public hearings, and any other legal advertising that may be required.	

Other Current Charges	
Any miscellaneous expenses incurred by the District that were not previously budgeted.	

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	
The District is required to pay an annual fee to the Department of Community Affairs for $175. This is the only anticipated expenditure for this category.	

Information Technology	
Costs related to the District's accounting and information systems; District's website creation and maintenance; electronic compliance with Florida Statutes and other electronic data requirements.	

Operating Expenditures:

Salaries	
The District currently has a General Manager and 1 full-time employee to handle the operations of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees.	

Administration Fee	
Represents the fees to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee.	

FICA Expense	
Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages.	

Health Insurance	
Full-time District employees are eligible for the following health benefits.	

Provider	Policy Number	Insurance Description	
United Healthcare	591637	Health, Accidental Death, Dental, Vision, Life & Long-Term Disability	
Colonial Life	E3682663	Life, Accident, Short-Term Disability	
Combined	007394312	Accident & Disability	

Workers Compensation	
The District provides Workers Compensation Insurance for each of its employee’s based upon statutory requirements and rates determined by Applied Business Solutions.	

Unemployment	
The District pays State and Federal unemployment for each employee based upon current rate structures.	

Retirement Contribution	
Contribution to the retirement account for eligible employees.	

Other Contractual	
Miscellaneous fees and contracts incurred for the District.	

Description	Annual Amount	
Ecolab Pest Elimination	$	6,015	
Xelar Copier	$	1,876	
Additional Contract Funds	$	2,109	
Total	 $	10,000 	

Marketing- Lifestyle/Amenities	
The District is in contract with Unique Webb Consulting to provide lifestyle and marketing services which include, but are not limited to social media publications, strategy planning, blogging, videography, photography, event planning, and marketing. This also includes all ads in the Viera Voice for the CDD golf course.	

Training	
Expenses for providing training to staff.	

Maintenance Expenditures:

Canal Maintenance 	
Represents costs associated with the maintenance of the canals located east and west of I-95. The canals east of I-95 are maintained by various contractors paid by the District on an "as needed” basis. The canals west of I-95 are maintained by A. Duda & Sons and billed to the District.	

Lake Bank Restoration	
Allocation of funds dedicated for lake bank restoration throughout the District.	

Lake Bank Education Project	
Allocation of funds dedicated for the lake bank education project.	

Environmental Services	
The District will incur the following costs related to maintaining and managing the various conservation areas (wetlands and uplands), which are the responsibility of the District. The amount is based upon the current contract with Kevin L. Erwin, plus an allowance for additional services from other providers that may be required. Services provided under this budget item may include the following:	

Wetland monitoring reports as required by SJRWMD and USA COE.	
Wetland maintenance and removal of exotic species as required to conform to permit requirements.	
Habitat management including burns of preserved areas as required within the approved Habitat Management Plan(s).	
Permit compliance and general services as required.	

Water Management System	
The District currently has a contract with ECOR Industries, Inc. to provide Aquatic Maintenance Service for the District's Lakes.	

Description	Monthly Amount	Annual Amount	
Natural Areas Management	$	4,872	$	58,466	
Wingate & Auburn Lake Aquatic Weed Control	$	982	$	11,783	
Bayhill Wetland Maintenance (Bi-Monthly)	$	460	$	2,760	
Natural Vegetation Management (Bi-Monthly)	$	230	$	1,380	
Aquatic Weed Control	$	5,036	$	60,433	
Header Canal Maintenance (Quarterly)	$	1,850	$	7,400	
Woodside Park Maintenance	$	200	$	2,400	
Unanticipated Repairs / Improvements	 $	-		$	4,000 	
Total	 $	13,630		$	148,622 	

Midge Control	
Lake spraying for midge control throughout the CDD.	

Contingencies	
Any miscellaneous expenses incurred by the District that were not previously budgeted.	

Fire Line Maintenance	
Expenses related to the maintenance of the various fire lines throughout the District. This mainly includes the mechanical removal of
vegetation between homeowners’ properties and conservation areas in order to slow or stop the spread of wildfire.	

Basin Repair	
Expenses related to the repair and maintenance of the drainage structures at District Basins III, IV, and V. The drainage structures that get repaired are the outfalls (connect lakes) and the flow ways (connect lakes to St Johns River).	

Grounds Maintenance Expenditures:

Salaries	
The District currently has a 3 full-time employees and 2 part time employee to handle the grounds maintenance of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees.	

Bonus Program	
Represents annual bonus to be paid to eligible employees.	

Administration Fee	
Represents fee to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee.	

FICA Expense	
Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages.	

Health Insurance	
Full-time District employees are eligible for the following health benefits.	

Provider	Policy Number	Insurance Description	
United Healthcare	591637	Health, Accidental Death, Dental, Vision, Life & Long-Term Disability	
Colonial Life	E3682663	Life, Accident, Short-Term Disability	
Combined	007394312	Accident & Disability	

Workers Compensation	
The District provides Workers Compensation insurance for each of its employees based upon statutory requirements and rates determined by Applied Business Solutions.	

Unemployment	
The District pays State and Federal unemployment for each employee based upon current rate structures.	

Retirement Contribution	
Contribution to the retirement account for eligible employees.	

Telephone/Internet	
Expenses incurred for the telephone, fax machine and internet.	

Utilities	
The District has the following utility account with Florida Power and Light to provide electricity for the maintenance building.	

Vendor	Account	Monthly Amount	Annual Amount	
FPL	83490-45156	$	585	$	7,020	
Contingency			$	1,802	
Total			 $	8,822 	

Property Appraiser 	
Fees incurred for the Brevard County Property Appraiser performing work in support of processing and distributing non-ad valorem assessment information. The cost for FY2027 is estimated to be $2,500.	

Insurance - Property	
Represents the amount paid for the property portion of the insurance premium with Egis Insurance & Risk Advisors. The property includes vehicles, equipment, etc.	

Description	Admin. Amount	Field Amount	Annual Amount	
General Liability	$	8,173	$	-	$	8,173	
POL/EPLI	$	5,271	$	-	$	5,271	
Property	$	-	$	4,186	$	4,186	
Total	 $	13,444		$	4,186		$	17,631 	

Repairs	
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.	

Fuel	
Costs related to fuel purchased for grounds maintenance machinery that occur during the fiscal year.	

Park Maintenance	
Represents costs associated with the maintenance of the parks and trails located within the district.	

Sidewalk Repair	
Represents costs associated with the repair of the sidewalks located within the district.	

Chemicals	
Includes fungicide applications, herbicide applications and insecticide applications needed to maintain the grounds.	

Contingencies	
Represents any miscellaneous expenses incurred by the District that were not previously budgeted.	

Refuse	
Estimated costs for refuse services to empty dumpster(s) twice monthly by Berry Disposal is:	

Contractor	Services	Monthly	Annual	
Berry Disposal	Empty Dumpster	$	1,435	$	17,220	
Contingency			$	780	
			 $	18,000 	

Office Supplies	
Costs for items used in the office.	

Uniforms	
The District is in contract with Unifirst to supply uniforms for the maintenance staff. Unifirst comes to the District weekly to deliver clean uniforms to the staff.	

Vendor	Monthly Amount	Annual Amount	
Unifirst	$	300	$	3,600	
Contingency		 $	400 	
Total		 $	4,000 	

Fire Alam System	
The District is in contract with Everon, LLC to provide monthly fire and burglary alarm system monitoring and maintenance. The services will be split between the Golf Course and Operations.	

Park Materials	
Costs for items used for the park.	

Bay Hill Flow Way Maintenance	
Expenses incurred related to the maintenance of Bay Hill flow way.	

Maintenance Reserves – Transfer Out	
Funds allocated annually to insure available cash for ongoing operations of the District and for major repair or replacement of capital items.	

Viera East	
Community Development District	
Capital Reserve Fund	
Proposed Budget FY 2026	

Adopted	Actuals	Projected	Total	Proposed	
Budget	As Of	Next	Projected	Budget	
FY 2026	4/30/26	5 Months	@ 9/30/26	FY 2027	

Revenues						
Beginning Fund Balance	$1,407,203	$1,573,325	$0	$1,573,325	$	1,510,391	
Interest Income	$2,500	$26,580	$9,493	$36,073	$18,000	
Reserve Funding - Transfer In (General)	$19,058	$0	$19,058	$19,058	$570,312	
Reserve Funding - Transfer In (Golf)	$166,149	$0	$166,149	$166,149	$275,288	
Reserve Funding - Transfer In (General Excess)	$0	$0	$0	$0	$0	
Reserve Funding - Transfer In (Golf Excess)	$0	$0	$0	$0	$0	

Total Revenues	$	1,594,910	$	1,599,905	$	194,699	$  1,794,604	$	2,373,990	

Expenditures

Capital Outlay - General	$84,180	$79,411	$4,769	$84,180	$117,559	
Capital Outlay - Golf	$154,741	$67,370	$87,371	$154,741	$81,921	
Truck Maintenance	$25,000	$0	$25,000	$25,000	$25,000	
Sign Project	$20,000	$3,362	$16,639	$20,000	$0	
Bank Fees	$0	$170	$122	$292	$300	

Total Expenditures	$	283,921	$	150,313	$	133,901	$	284,213	$	224,780	
	
Excess Revenues (Expenditures)	$	1,310,989	$	1,449,593	$	60,799	$  1,510,391	$	2,149,210	

Potential Capital Reserve Split	
	
General Fund	
Golf Course 	
Total	
Beginning Balance - 9/30/26	$	468,559	$	1,104,767	$	1,573,325	
FY26 Interest Income	$	10,743	$	25,330	$	36,073	
FY26 Contributions	$	19,058	$	166,149	$	185,206	
FY26 Projected Excess	$	-	$	-	$	-	
FY26 Expenses	$	(129,180)	$	(154,741)	$	(283,921)	
FY25 Bank Fees	 $	(87) 	$	(205) 	$	(292) 	
Projected Excess Revenue Fund End of FY26	$	369,092	$  1,141,299	$  1,510,391	

Viera East	
Community Development District	
Debt Service Fund	
Series 2020	
Proposed Budget FY 2026	

Adopted	Actuals	Projected	Total	Proposed	
Budget	As Of	Next	Projected	Budget	
FY 2026	4/30/26	5 Months	@ 9/30/26	FY 2027	

Revenues

Special Assessments	
Interest Income	
Beginning Fund Balance	

$	655,615	$	644,337	$	11,278	$	655,615	$	512,530	
$	5,000	$	11,608	$	-	$	11,608	$	5,000	
$	379,668	$	137,708	$	-	$	137,708	$	67,708	

Total Revenues	$	1,040,283	$	793,654	$	11,278	$	804,931	$	585,238	

Expenditures

Series 2020	
Interest-11/1	
Principal- 5/1	
Interest-5/1	

$	75,658	$	75,658	$	-	$	75,658	$	67,708	
$	795,000	$	-	$	795,000	$	795,000	$	380,000	
$	75,658	$	-	$	75,658	$	75,658	$	67,708	

Total Expenditures	$	946,315	$	75,658	$	870,658	$	946,315	$	515,415	

Transfer In	
Transfer In	

$	-	$	200,021	$	9,070	$	209,092	$	-	

Excess Revenues (Expenditures)	$	93,968	$	918,017	$	(850,310)	$	67,708	$	69,823	

* Excess Revenues needed to pay the 11/1/27 Interest Payment	$	63,908

Total		Net	Net	
Land Use	ERU	Units	ERU	Percentage	Per Unit	Assessments	
Residential	1.00	4,204.00	4,204.00	84%	$	102.05	$	429,026.91	
Commercial	4.00	204.56	818.24	16%	$	408.21	$	83,503.09	
Net Annual Assessment		4,408.56	5,022.24			$	512,530.00	

Viera East	
Community Development District	
Debt Service - Series 2020	
Amortization Schedule	

Fiscal Year	
Date	Bond Balance	Interest	Principal	Interest	Total	

11/01/20				$	52,497.38	$	52,497.38	
05/01/21	7,685,000			$	90,307.50		
11/01/21				$	90,307.50	$	180,615.00	
05/01/22	7,685,000			$	90,307.50		
11/01/22				$	90,307.50	$	180,615.00	
05/01/23	7,685,000	2.000%	$475,000	$	90,307.50		
11/01/23				$	85,557.50	$	650,865.00	
05/01/24	7,210,000	2.000%	$490,000	$	85,557.50		
11/01/24				$	80,657.50	$	656,215.00	
05/01/25	6,720,000	2.000%	$500,000	$	80,657.50		
11/01/25				$	75,657.50	$	656,315.00	
05/01/26	6,220,000	2.000%	$795,000	$	75,657.50		
11/01/26				$	67,707.50	$	938,365.00	
05/01/27	5,425,000	2.000%	$380,000	$	67,707.50		
11/01/27				$	63,907.50	$	511,615.00	
05/01/28	5,045,000	2.000%	$385,000	$	63,907.50		
11/01/28				$	60,057.50	$	508,965.00	
05/01/29	4,660,000	2.000%	$395,000	$	60,057.50		
11/01/29				$	56,107.50	$	511,165.00	
05/01/30	4,265,000	2.125%	$400,000	$	56,107.50		
11/01/30				$	51,857.50	$	507,965.00	
05/01/31	3,865,000	2.600%	$410,000	$	51,857.50		
11/01/31				$	46,527.50	$	508,385.00	
05/01/32	3,455,000	2.600%	$425,000	$	46,527.50		
11/01/32				$	41,002.50	$	512,530.00	
05/01/33	3,030,000	2.600%	$435,000	$	41,002.50		
11/01/33				$	35,347.50	$	511,350.00	
05/01/34	2,595,000	2.600%	$445,000	$	35,347.50		
11/01/34				$	29,562.50	$	509,910.00	
05/01/35	2,150,000	2.750%	$455,000	$	29,562.50		
11/01/35				$	23,306.25	$	507,868.75	
05/01/36	1,695,000	2.750%	$470,000	$	23,306.25		
11/01/36				$	16,843.75	$	510,150.00	
05/01/37	1,225,000	2.750%	$485,000	$	16,843.75		
11/01/37				$	10,175.00	$	512,018.75	
05/01/38	740,000	2.750%	$740,000	$	10,175.00		

$  7,685,000	$	1,992,585	$	8,927,410	

Viera East	
Community Development District	
Golf Course & Restaurant	
Proposed Operating Budget	
Fiscal Year 2027	

Adopted	Actuals	Projected	Total	Proposed	
Actuals	Budget	As Of	Next	Projected @	Budget	
FY 2025	FY 2026	4/31/26	5 Months	9/30/26	FY 2027	

Revenues							
Golf Course Revenue							
Greens Fees	$2,174,412	$2,250,000	$1,495,134	$1,067,953	$2,563,087	$2,407,500	
Gift Cards - Sales & Usage	$7,339	$0	$4,429	$3,163	$7,592	$0	
Season Advance/Trail Fees	$90,443	$100,000	$55,902	$39,930	$95,832	$100,000	
Loyalty Program	$25,625	$25,000	$14,824	$10,589	$25,413	$25,000	
Driving Range	$113,460	$87,418	$70,481	$50,344	$120,825	$87,418	
Golf Lessons	$19,254	$15,000	$19,690	$14,064	$33,754	$15,000	
Golf Simulator	$0	$0	$0	$0	$0	$100,000	
Miscellaneous Income	$12,345	$15,000	$10,119	$7,228	$17,346	$15,000	
Assessments - Recreation Operating	$43,169	$18,239	$10,639	$7,600	$18,239	$18,239	
Pro Shop Revenue							
Merchandise Sales	$145,175	$125,664	$105,442	$75,316	$180,757	$125,664	
Restaurant Revenue							
Food & Snack Sales	$438,967	$466,211	$254,862	$182,045	$436,907	$489,522	
Beverage Sales	$47,518	$37,516	$37,047	$26,462	$63,510	$39,392	
Beer Sales	$229,449	$236,465	$132,415	$94,582	$226,998	$260,111	
Wine Sales	$20,506	$20,463	$17,754	$12,681	$30,435	$22,510	
Liquor Sales	$203,053	$202,884	$112,925	$80,661	$193,586	$233,317	
Miscellaneous Income	$5,230	$0	$4,850	$3,464	$8,314	$0	
Total Revenues	$	3,575,946	$  3,599,861	$ 2,346,514	$ 1,676,081	$  4,022,595	$  3,938,672	
General Expenditures							
Other Contractual Services	$15,728	$20,000	$7,173	$5,123	$12,296	$20,000	
Telephone	$11,870	$20,392	$6,185	$4,418	$10,602	$20,392	
Utilities	$30,718	$5,348	$9,712	$6,937	$16,648	$5,348	
Repairs & Maintenance	$18,266	$15,000	$6,439	$4,600	$11,039	$15,000	
Bank Charges	$76,597	$75,000	$50,254	$35,896	$86,150	$75,000	
Office Supplies	$5,519	$4,500	$2,975	$2,125	$5,100	$4,500	
Operating Supplies	$15,656	$12,000	$13,295	$9,496	$22,792	$12,000	
Dues, Licenses & Subscriptions	$18,126	$14,502	$8,530	$6,093	$14,623	$14,502	
Drug Testing - All Departments	$0	$500	$0	$0	$0	$500	
Training, Education & Employee Relations	$6,208	$5,000	$5,855	$4,182	$10,037	$5,000	
Contractual Security	$11,327	$8,400	$2,607	$1,862	$4,468	$8,400	
IT Services	$7,758	$8,400	$3,345	$2,389	$5,734	$8,400	
Total Golf Course Expenditures	$	217,774	$	189,042	$	116,369	$	83,121	$	199,489	$	189,042	
Golf Course Operations							
Salaries	$353,177	$383,355	$228,163	$162,973	$391,136	$410,693	
Administrative Fee	$13,903	$16,848	$7,904	$5,646	$13,550	$16,848	
FICA Expense	$27,018	$29,327	$18,575	$13,268	$31,843	$31,418	
Health Insurance	$3,023	$10,500	$5,149	$3,678	$8,827	$9,268	
Workers Compensation	$5,766	$7,077	$4,573	$3,266	$7,839	$8,231	
Unemployment	$7,426	$10,935	$4,257	$3,041	$7,298	$10,935	
Retirement Contribution	$0	$0	$24	$17	$41	$250	
Golf Printing	$4,139	$4,500	$2,674	$1,910	$4,584	$4,500	
Utilities	$19,011	$18,980	$12,182	$8,702	$20,884	$22,973	
Repairs	$574	$3,400	$1,196	$854	$2,050	$3,400	
Pest Control	$0	$1,300	$0	$650	$650	$1,300	
Supplies	$6,472	$10,000	$7,145	$5,104	$12,249	$12,500	
Uniforms	$3,003	$1,750	$1,141	$815	$1,956	$2,000	
Training, Education & Employee Relations	$2,058	$2,500	$272	$195	$467	$2,500	
Cart Lease	$137,496	$137,684	$87,161	$55,829	$142,991	$137,684	
Cart Maintenance	$2,719	$5,000	$2,620	$1,872	$4,492	$5,000	
Driving Range Supplies	$606	$5,000	$2,390	$1,707	$4,097	$5,000	
Total Golf Operation Expenditures	$	586,391	$	648,155	$	385,427	$	269,526	$	654,953	$	684,499	

Viera East	
Community Development District	
Golf Course & Restaurant	
Proposed Operating Budget	
Fiscal Year 2027	

Adopted	Actuals	Projected	Total	Proposed	
Actuals	Budget	As Of	Next	Projected @	Budget	
FY 2025	FY 2026	4/31/26	5 Months	9/30/26	FY 2027	

Golf Course Maintenance							
Salaries	$496,608	$497,856	$	337,013	$240,724	$577,737	$606,624	
Administrative Fees	$5,640	$6,616	$	2,993	$2,138	$5,130	$6,616	
FICA Expense	$37,991	$38,086	$	27,571	$19,694	$47,265	$46,407	
Health Insurance	$60,590	$67,672	$	42,736	$30,526	$73,262	$76,925	
Workers Compensation	$8,051	$10,462	$	6,673	$4,767	$11,440	$12,012	
Unemployment	$4,159	$6,418	$	3,182	$2,273	$5,454	$6,418	
Retirement Contribution	$0	$0	$	1,888	$1,349	$3,237	$3,500	
Utilities	$31,527	$32,080	$	15,406	$11,005	$26,411	$32,080	
Repairs	$55,352	$48,000	$	22,894	$16,353	$39,246	$48,000	
Restaurant Repairs	$5,565	$5,000	$	6,703	$4,788	$11,491	$10,000	
Fuel & Oil	$30,331	$35,000	$	17,122	$12,230	$29,352	$35,000	
Pest Control	$3,013	$4,600	$	812	$580	$1,392	$4,600	
Irrigation/Drainage	$12,710	$20,000	$	4,186	$2,990	$7,175	$20,000	
Sand/Topsoil	$19,826	$26,500	$	20,567	$14,690	$35,257	$35,000	
Flowers/Mulch	$3,858	$7,000	$	-	$3,500	$3,500	$7,000	
Fertilizer	$106,764	$175,000	$	106,059	$75,756	$181,815	$182,000	
Seed/Sod	$272	$10,000	$	-	$5,000	$5,000	$10,000	
Trash Removal	$3,004	$3,462	$	2,661	$1,900	$4,561	$4,500	
Contingencies	$3,481	$7,500	$	6,273	$4,481	$10,754	$7,500	
First Aid	$277	$800	$	39	$28	$67	$800	
Operating Supplies	$12,965	$15,000	$	8,112	$5,794	$13,906	$15,000	
Training	$865	$2,500	$	1,030	$736	$1,766	$2,500	
Janitorial Supplies	$769	$1,200	$	1,894	$1,353	$3,247	$3,500	
Janitorial Services	$13,439	$13,956	$	8,599	$6,142	$14,741	$15,000	
Soil & Water Testing	$0	$1,000	$	1,695	$1,211	$2,906	$3,000	
Uniforms	$11,042	$11,550	$	7,260	$5,186	$12,446	$13,000	
Equipment Rental	$10,187	$4,606	$	4,000	$2,857	$6,857	$4,606	
Equipment Lease	$221,669	$243,144	$	133,994	$95,710	$229,705	$243,144	

Total Golf Course Maintenance	$	1,159,954	$  1,295,008	$	791,363	$	573,759	$  1,365,122	$  1,454,732	

Merchandise Sales

Cost of Goods Sold	$112,464	$87,965	$55,194	$39,424	$94,618	$87,965	

Total Merchandise Sales	$	112,464	$	87,965	$	55,194	$	39,424	$	94,618	$	87,965	

Restaurant Expenditures

Salaries	$358,295	$336,263	$231,971	$165,693	$397,664	$353,076	
Administrative Fee	$8,674	$8,354	$4,264	$3,046	$7,310	$7,675	
FICA Expense	$38,252	$25,724	$25,264	$18,046	$43,310	$27,010	
Health Insurance	$13,742	$14,700	$13,304	$9,503	$22,807	$23,948	
Workers Compensation	$5,136	$7,300	$4,599	$3,285	$7,884	$7,900	
Unemployment	$6,309	$6,882	$4,533	$3,238	$7,770	$7,800	
Utilities	$11,123	$12,100	$8,867	$6,334	$15,201	$16,721	
Pest Control	$0	$1,200	$0	$600	$600	$1,200	
Merchant Fees	$25,904	$32,208	$14,381	$10,272	$24,654	$32,208	
Equipment Lease	$1,713	$1,750	$1,057	$755	$1,811	$1,750	
Kitchen Equipment & Supplies	$14,421	$0	$8,777	$6,270	$15,047	$14,000	
Paper & Plastic Supplies	$13,360	$15,000	$4,568	$3,263	$7,831	$15,000	
Operating Supplies	$2,002	$23,043	$5,832	$4,165	$9,997	$23,043	
Delivery/Gas	$5,491	$6,780	$3,778	$2,699	$6,477	$6,780	
Dues & License	$12,561	$11,500	$7,158	$5,113	$12,271	$11,500	

Total Restaurant Expenditures	$	516,984	$	502,803	$	338,353	$	242,281	$	580,634	$	549,611	

Viera East	
Community Development District	
Golf Course & Restaurant	
Proposed Operating Budget	
Fiscal Year 2027	

Adopted	Actuals	Projected	Total	Proposed	
Actuals	Budget	As Of	Next	Projected @	Budget	
FY 2025	FY 2026	4/31/26	5 Months	9/30/26	FY 2027	

Cost of Goods Sold							
Food Cost	$234,573	$265,740	$121,296	$86,640	$207,937	$279,027	
Beverage Cost	$32,314	$33,764	$21,961	$15,686	$37,647	$35,453	
Beer Cost	$84,489	$87,492	$50,219	$35,871	$86,091	$96,241	
Wine Cost	$11,543	$10,846	$6,008	$4,291	$10,299	$11,930	
Liquor Cost	$62,656	$62,894	$34,653	$24,752	$59,405	$72,328	

Total Cost of Goods Sold	$	425,575	$	460,736	$	234,137	$	167,241	$	401,378	$	494,980	

Administrative Expenditures							
Legal Fees	$0	$1,500	$0	$0	$0	$1,500	
Engineering Fees	$0	$600	$0	$0	$0	$600	
Arbitrage	$1,050	$600	$350	$250	$600	$600	
Dissemination	$1,050	$1,103	$643	$460	$1,103	$0	
Trustee Fees	$4,089	$4,510	$2,385	$1,704	$4,089	$4,961	
Annual Audit	$5,239	$5,278	$3,079	$2,199	$5,278	$5,330	
Golf Course Administrative Services	$56,280	$56,280	$32,830	$23,450	$56,280	$56,280	
Insurance	$157,164	$166,132	$80,722	$57,659	$138,381	$133,286	
Marketing	$1,100	$0	$0	$0	$0	$0	
Property Taxes	$9,444	$12,000	$5,913	$4,223	$10,136	$12,000	

Total Administrative Expenditures	$	235,417	$	248,003	$	125,923	$	89,945	$	215,867	$	214,557	

Reserves							
Renewal & Replacement	$84,410	$166,149	$0	$166,149	$166,149	$275,288	

Total Reserves	$	84,410	$	166,149	$	-	$	166,149	$	166,149	$	275,288	

Total Revenues	$	3,575,946	$  3,599,861	$ 2,346,514	$ 1,676,081	$  4,022,595	$  3,938,672	
							
Total Expenditures	$	3,338,969	$  3,597,861	$ 2,046,765	$ 1,631,445	$  3,678,210	$  3,950,672	

Operating Income (Loss)	$	236,977	$	2,000	$	299,749	$	44,636	$	344,385	$	(12,000)	

Non Operating Revenues/(Expenditures)							
Assessments - Recreation Debt Service	$564,524	$560,250	$326,813	$0	$326,813	$0	
Interest Income	$23,853	$10,000	$17,921	$5,000	$22,921	$12,000	
Reserve Funding - Transfer Out (PY Excess)	$0	$0	$0	$0	$0	$0	
Interfund Transfer Out - Debt Service	$0	$0	($200,021)	($9,070)	($209,092)	$0	
Recreation Fees	$0	$0	$0	$0	$0	$0	
Interest Expense	($53,250)	($27,250)	($15,896)	$0	($15,896)	$0	
Principal Expense	($520,000)	($545,000)	($317,917)	$0	($317,917)	$0	

Total Non Operating Revenues/(Expenditures)	$	15,128	$	(2,000)	$  (189,101)	$	(4,070)	$  (193,171)	$	12,000	

Net Non Operating Income / (Loss)	$	252,104	$	(0)	$	110,648	$	40,566	$	151,214	$	(0)	

Viera East	
Community Development District	
Recreational Operating Budget	

Revenues: 

Green Fees	
Estimated revenue for public paid rounds of golf.	

Gift Cards - Sales & Usage	
Estimated amount of gift cards sold that can be used for discounted rounds of golf, merchandise or restaurant purchases. The full amount of the sale is recorded as revenue at the time of purchase. Also included is the estimated usage of gift cards once purchased. Once the gift cards have been used at the District, the amount used is recorded against the revenue.	

Season Advance/Trail Fees	
Estimated revenue of customers who purchase memberships to the District golf course in advance for the year.	

Loyalty Program	
Estimated costs of all associate memberships sold. The associate membership costs $79 and lasts for one year. The membership gets the member a 20% discount on golf rounds and other discounts on range balls, apparel, and USGA handicap service.	

Driving Range	
Estimated revenue from the District’s driving range.	

Golf Lessons	
Estimated revenue from golfing lessons given at the golf course. The District leases the golf instruction program to the Mike Hogan Golf Academy.	

Golf Simulator	
Estimated revenue from golfing simulator use at the golf course.	

Miscellaneous Income - Golf Course	
Estimated annual revenue for various miscellaneous charges billed and collected by the golf course.	

Assessments - Recreation Operations	
The District will levy Non-Ad Valorem assessments on all the assessable property within the District to help fund all of the General Operating Expenditures for the fiscal year.	

Merchandise Sales	
Estimated revenues from clothing, equipment, and supplies sold in the District’s Pro Shop.	

Food & Snack Sales	
Represents all food and snack sales for Hook and Eagle Tavern. Also includes all catering and banquet sales as well as snack sales from the golf course.	

Beverage Sales	
Represents all non-alcoholic beverage sales for Hook and Eagle Tavern. Also includes all catering and banquet sales.	

Beer Sales	
Represents all beer sales for Hook and Eagle Tavern. Also includes all catering and banquet sales.	

Wine Sales	
Represents all wine sales for Hook and Eagle Tavern. Also includes all catering and banquet sales.	

Liquor Sales	
Represents all liquor sales for Hook and Eagle Tavern. Also includes all catering and banquet sales.	

Miscellaneous Income - Restaurant	
Estimated annual revenue for various miscellaneous charges billed and collected by the restaurant.	

General Expenditures: 

Other Contractual Services	
Estimated cost for a full-time restaurant manager at Hook and Eagle Tavern.	

Vendor	Monthly Amount	Annual Amount	
Charter (Cable & Internet)	$	329	$	3,947	
Waste Management	$	744	$	8,924	
Great American Financial	$	156	$	1,876	
Contingency		$	5,253	
Total		 $	20,000 	

Telephone	
Represents regular telephone lines, credit card, and internet access. A portion of expenses related to the District are transferred to the General Fund.	

Vendor	Monthly Amount	Annual Amount	
Cricket Wireless	$	239	$	2,868	
Fusion	$	690	$	8,280	
Hulu Subscription	$	106	$	1,272	
Contingency		$	7,972	
Total		 $	20,392 	

Utilities	
The District has the following utility accounts related to the operations.	

Vendor	Account	Monthly Amount	Annual Amount	
FPL	45156	$	365	$	4,380	
Florida City Gas	9398	$	565	$	6,780	
City of Cocoa	112664	$	495	$	5,940	
City of Cocoa	141774	$	98	$	1,176	
Contingency			$	(12,928)	
Total			 $	5,348 	

Repairs & Maintenance	
Any miscellaneous repairs and maintenance, including electrical, plumbing, hardware, locksmiths, painting and HVAC. A portion of expenses related to the District are transferred to the General Fund.	

Bank Charges	
Bank charges related to credit card usage as well as account service charges for the operating checking account fund.	

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.	

Operating Supplies	
Represents various operating supplies purchased.	

Dues, Licenses & Subscriptions	
The following represents the estimated cost for license, membership subscriptions and permit renewals for the fiscal year.	

Vendor	Description	Annual Amount	
Brevard County	Business Tax License	$	82	
City of Rockledge	Business License	$	200	
Lightspeed	Membership	$	7,000	
DBPR	License	$	1,820	
Florida State Golf Assoc.	Handicap Fees	$	5,000	
Florida State Golf Assoc.	Membership	$	150	
Contingency		$	250	
Total		 $	14,502 	

Drug Testing - All Departments	
Costs incurred for drug testing.	

Training, Education & Employee Relations	
Costs incurred in sending District personnel to any training seminars or having personnel trained on site for different aspects to more efficiently and effectively operate the golf course. Also, any expense incurred for staff meetings and help wanted ads.	

Contractual Security	
Security system costs for the maintenance of clubhouse alarm systems.	

IT Services	
Costs related to the District's accounting and information systems, District's website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.	

Golf Course Operations:

Salaries	
The District currently has a 3 full-time and 27 part-time employees to handle the golf course operations of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees.	

Administration Fee	
Represents fee to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee.	

FICA Expense	
Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages.	

Health Insurance	
Full-time District employees are eligible for the following health benefits.	

Provider	Policy Number	Insurance Description	
United Healthcare	591637	Health, Accidental Death, Dental, Vision, Life & Long-Term Disability	
Colonial Life	E3682663	Life, Accident, Short-Term Disability	
Combined	007394312	Accident & Disability	

Workers Compensation	
The District provides Workers Compensation insurance for each of its employees based upon statutory requirements and rates determined by Applied Business Solutions.	

Unemployment	
The District pays State and Federal unemployment for each employee based upon current rate structures.	

Retirement Contribution	
Contribution to the retirement account for eligible employees.	

Golf Printing	
Printing for materials needed for the course.	

Utilities	
Estimated cost of basic utilities for golf operations.	

Vendor	Account	Monthly Amount	Annual Amount	
FPL	33189	$	705	$	8,460	
FPL	42334	$	100	$	1,200	
FPL	52104	$	750	$	9,000	
City of Cocoa	112664	$	350	$	4,200	
Contingency			$	113	
Total			 $	22,973 	

Repairs	
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.	

Pest Control	
The estimated costs for Ecolab Pest Elimination to provide monthly pest control services.	

Vendor	Monthly Amount	Annual Amount	
Ecolab Pest Elimination	$	95	$	1,140	
Contingency		$	160	
Total		 $	1,300 	

Supplies	
Estimated costs of miscellaneous supplies that the District may need to purchase for golf operations.	

Uniforms	
The estimated costs of uniforms for pro shop personnel. Once hired, all employees get a District golf shirt to wear during work hours.	

Training, Education & Employee Relations	
The District will incur the cost of the Assistant Pro Program and any training deemed necessary for the Pro Shop staff or cart facility personnel, for example, cart mechanics training and any help wanted ads.	

Cart Lease	
The expense related to leasing of carts for the golf course.	

Vendor	Monthly Amount	Annual Amount	
The Huntington National	$	493	$	5,911	
Yamaha	$	197	$	2,361	
Golf Cart	$	10,784	$	129,412	
Total		 $	137,684 	

Cart Maintenance	
The expenses related to any repairs and maintenance of the golf carts that are incurred during the year.	

Driving Range Supplies	
Any expenses incurred related to the driving range operation, for example range balls, tokens, buckets, bag stands, clock rope and sand/water buckets.	

Golf Course Maintenance:

Salaries	
The District currently has a 13 full-time employees to handle the golf course maintenance of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees.	

Administration Fee	
Represents fee to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee.	

FICA Expense	
Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages.	

Health Insurance	
Full-time District employees are eligible for the following health benefits.	

Provider	Policy Number	Insurance Description	
United Healthcare	591637	Health, Accidental Death, Dental, Vision, Life & Long-Term Disability	
Colonial Life	E3682663	Life, Accident, Short-Term Disability	
Combined	007394312	Accident & Disability	

Workers Compensation	
The District provides Workers Compensation insurance for each of its employees based upon statutory requirements and rates determined by Applied Business Solutions.	

Unemployment	
The District pays State and Federal unemployment for each employee based upon current rate structures.	

Retirement Contribution	
Contribution to the retirement account for eligible employees.	

Utilities	
Estimated cost of basic utilities for golf operations.	

Vendor	Account	Monthly Amount	Annual Amount	
FPL	83490-45156	$	2,150	$	25,800	
City of Cocoa	313093-70192	$	440	$	5,280	
Contingency			$	1,000	
Total			 $	32,080 	

Repairs	
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.	

Restaurant Repairs	
Any costs related to miscellaneous restaurant repairs and maintenance that occur during the fiscal year.	

Fuel & Oil	
Costs related to fuel purchased for maintenance machinery that occurs during the fiscal year.	

Pest Control	
The estimated costs for Ecolab Pest Elimination to provide monthly pest control services.	

Vendor	Monthly Amount	Annual Amount	
Ecolab Pest Elimination	$	375	$	4,500	
Contingency		$	100	
Total		 $	4,600 	

Irrigation/Drainage	
Estimated irrigation and drainage maintenance expenditures that may occur during the fiscal year.	

Sand/Topsoil	
Costs related to sand and topsoil expenditures that may occur during the fiscal year. The District buys all supplies from Golf Specialties, Inc. Some supplies may include top-dress sand, divot sand, and shell rock for the golf course.	

Flowers/Mulch	
Estimated costs of flowers and mulch for the golf course and clubhouse.	

Fertilizer	
Estimated costs of fertilizer, herbicide, insecticide, fungicide and other chemicals needed for the golf course.	

Seed/Sod	
Costs of seed and sod expenditures for the golf course that may occur during the fiscal year.	

Trash Removal	
Estimated costs for trash removal services to empty dumpster(s) once a month by Waste Management at the golf course.	

Vendor	Monthly Amount	Annual Amount	
Waste Management, Inc.	$	232	$	2,784	
Contingency		$	1,716	
Total		 $	4,500 	

Contingencies	
Funding of unanticipated costs.	

First Aid	
Costs of work gloves, ear plugs, support belts, and other first aid supplies needed during the fiscal year.	

Operating Supplies	
Represents various operating supplies purchased.	

Training	
Training seminars for golf course maintenance staff.	

Janitorial Supplies	
Costs of janitorial supplies that may occur during the fiscal year.	

Janitorial Services	
Costs of janitorial services that may occur during the fiscal year.	

Soil & Water Testing	
Costs for soil and water testing that may occur during the fiscal year.	

Uniforms	
The District is in contract with Unifirst to supply uniforms for the golf course maintenance staff. Unifirst comes to the District weekly to deliver clean uniforms to the staff.	

Vendor	Monthly Amount	Annual Amount	
Unifirst	$	900	$	10,800	
Contingency		$	2,200	
Total		 $	13,000 	

Equipment Rental	
Rental of larger capital items required for course maintenance.	

Equipment Lease	
The District currently has the following equipment leases for the golf course.	

Vendor	Monthly Amount	Annual Amount	
Dex Imaging	$	110	$	1,320	
The Huntington National	$	19,500	$	234,000	
Wells Fargo	$	652	$	7,824	
Total		 $	243,144 	

Merchandise Sales:

Cost of Goods Sold	
Represents the cost of clothing, equipment, and supplies sold in the Pro Shop.	

Restaurant Expenditures: 

Salaries	
The District currently has 5 full-time and 13 part-time employees to handle the restaurant operations of the District. The proposed amount includes a 5% cost of living increase for qualifying full-time employees.	

Administration Fee	
Represents fee to Applied Business Solutions for administration of pay and benefits. Applied Business Solutions charges an administration fee of $14.34 per employee.	

FICA Expense	
Represents the estimated amount due for Social Security (6.2%) and Medicare (1.45%) based upon the proposed salaries and wages.	

Health Insurance	
Full-time District employees are eligible for the following health benefits.	

Provider	Policy Number	Insurance Description	
United Healthcare	591637	Health, Accidental Death, Dental, Vision, Life & Long-Term Disability	
Colonial Life	E3682663	Life, Accident, Short-Term Disability	
Combined	007394312	Accident & Disability	

Workers Compensation	
The District provides Workers Compensation insurance for each of its employees based upon statutory requirements and rates determined by Applied Business Solutions.	

Unemployment	
The District pays State and Federal unemployment for each employee based upon current rate structures.	

Utilities	
The District has accounts with City of Cocoa and FPL for utilities in Hook & Eagle Tavern.	

Vendor	Account	Monthly Amount	Annual Amount	
FPL	33189	$	705	$	8,460	
City of Cocoa	112664	$	535	$	6,420	
Contingency			$	1,841	
Total			 $	16,721 	

Pest Control	
The estimated costs for Ecolab Pest Elimination to provide monthly pest control services.	

Merchant Fees	
The estimated cost for merchant credit card fees.	

Equipment Lease	
The estimated cost to Ecolab for the dish machine rental.	

Vendor	Monthly Amount	Annual Amount	
Ecolab	$	143	$	1,713	
Contingency		$	37	
Total		 $	1,750 	

Paper & Plastic Supplies	
Represents various operating supplies purchased such as paper towels, plastic utensils, paper plates, etc.	

Operating Supplies	
Represents various operating supplies purchased such as thermometers, silverware, microwave, storage cabinets, etc.	

Delivery/Gas	
The District has an account with Florida City Gas for natural gas for Hook & Eagle Tavern. Also includes any fuel surcharges for deliveries to the restaurant.	

Vendor	Account	Monthly Amount	Annual Amount	
ARC3 Gases, Inc.	83490-45156	$	440	$	5,280	
Contingency - Delivery Fees			$	1,500	
Total			 $	6,780 	

Dues and License	
Represents the cost of all restaurant operating licenses through DBPR.	

Restaurant Cost of Goods Sold:

Food Cost	
Represents food and snack supplies purchased for the restaurant or catering events.	

Beverage Cost	
Represents beverages purchased for the restaurant.	

Beer Cost	
Represents beer purchased for the restaurant.	

Wine Cost	
Represents wine purchased for the restaurant.	

Liquor Cost	
Represents liquor purchased for the restaurant.	

Administrative Expenditures:

Legal Fees	
The District's attorney will be providing general legal services to the District that are directly related to operations of the golf course,
i.e. reviewing contracts, agreements, resolutions, rule amendments, etc.	

Engineering Fees	
The District's engineer, Robb & Taylor Engineering Solutions Inc, may provide engineering services for the golf course.	

Arbitrage	
The District will contract with an Independent certified public accounting firm to annually calculate the District's Arbitrage Rebate Liability on Special Assessments Revenue Bonds.	

Trustee Fees	
The District issued Special Revenue Assessment Refunding Bonds, Series 2012 bonds that are deposited with a Trustee at U.S. Bank.	

Annual Audit	
The District is required to annually have its financial records audited by an independent Certified Public Accounting Firm.	

Golf Course Administrative Services	
Cost of administrative services provided for the CDD.	

Description	Annual Amount	
Base	$	75,000.00	
10% of Maintenance Supervisor	$	(7,280.00)	
50% of Labor Position	$	(11,440.00)	
Total	 $	56,280.00 	

Insurance	
Egis Insurance & Risk Advisors provide the District’s general liability, property, and crime insurance coverage. Egis Insurance & Risk
Advisors also provide a three year pollution policy.	

Description	27536	
General Liability	$	48,160	
Property	$	85,126	
Total	 $	133,286 	

Property Taxes	
This amount is an estimate of property taxes that will need to be paid throughout this fiscal year.	

Reserves:

Renewal & Replacement	
The golf course transfers a portion of its monthly revenues to the Capital Reserve Fund to help fund for equipment replacement and other capital expenditures estimated for the fiscal year.