Princeton Commons	
Community Development District	

Adopted Budget	
FY 2026	

Table of Contents

1

2-3

4

5

	General Fund

	Narratives

	Debt Service Fund Series 2023

	Series 2023 Amortization Schedule

6		Assessment Schedule

Princeton Commons	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	68,208	$	68,589	$	-	$	68,589	68,208	

TOTAL REVENUES	$	68,208	$	68,589	$	-	$	68,589	$	68,208	

EXPENDITURES:

Administrative						
Engineering	$	3,000	$	4,357	$	443	$	4,800	$	3,000	
Attorney	12,898	10,573	1,928	12,500	10,000	
Annual Audit	5,000	4,000	-	4,000	4,100	
Assessment Administration	2,000	2,000	-	2,000	2,120	
Dissemination Agent	2,000	1,667	333	2,000	2,120	
Trustee Fees	4,500	4,246	-	4,246	4,565	
Management Fees	26,750	22,292	4,458	26,750	28,355	
Information Technology	1,070	892	178	1,070	1,134	
Website Maintenance	1,070	892	178	1,070	1,134	
Telephone	100	-	100	100	100	
Postage & Delivery	500	47	53	100	250	
Insurance General Liability	5,500	5,200	-	5,200	5,720	
Printing & Binding	250	30	220	250	125	
Legal Advertising	1,500	1,387	613	2,000	2,500	
Other Current Charges	1,500	849	1,197	2,047	2,700	
Office Supplies	395	-	280	280	110	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	68,208	$	58,606	$	9,982	$	68,588	$	68,208	

TOTAL EXPENDITURES	$	68,208	$	58,606	$	9,982	$	68,588	$	68,208	

EXCESS REVENUES (EXPENDITURES)	$	-	$	9,982	$	(9,982)	$	-	$	-	

Product	Assessable Units	Net Assessment	Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase / (Decrease)	

Single Family	87	$	68,207.74	$	71,797.62	$	825.26	$	825.26	$	-	

TOTAL	87	$	68,207.74	$	71,797.62	

Princeton Commons	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

REVENUES	

Special Assessments - On 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.	

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.	
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-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
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.	

Princeton Commons	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

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 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 Florida Department of Commerce for $175.	

Princeton Commons	
Community Development District	
Adopted Budget	
Debt Service Series 2023 Special Assessment Bonds	

Proposed Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	70,282	$	70,506	$	-	$	70,506	$	70,282	
Direct Assessments	-	29,703	-	29,703	-	
Interest Earnings	800	2,674	526	3,200	1,200	
Carry Forward Surplus (1)	26,791	2,418	-	2,418	38,073	

TOTAL REVENUES	$	97,873	$	105,301	$	526	$	105,826	$	109,555	

EXPENDITURES:

Interest - 12/15	
Interest - 6/15	
Principal - 6/15	

$	28,113	$	28,113	$	-	$	28,113	$	27,838	
28,113	28,113	-	28,113	27,838	
10,000	10,000	-	10,000	15,000	

TOTAL EXPENDITURES	$	66,225	$	66,225	$	-	$	66,225	$	70,675	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(1,288)	$	(240)	$	(1,528)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(1,288)	$	(240)	$	(1,528)	$	-	

TOTAL EXPENDITURES	$	66,225	$	67,513	$	240	$	67,753	$	70,675	

EXCESS REVENUES (EXPENDITURES)	$	31,648	$	37,788	$	286	$	38,073	$	38,880	

Interest Due 12/15/26	 $	27,838 	
	 $	27,838 	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable Units	Net Assessment	Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase / (Decrease)	

Single Family	87	$	70,282.26	$	73,981.32	$	850.36	$	850.36	$	-	

TOTAL	87	$	70,282.26	$	73,981.32	

Princeton Commons	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2023 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

12/15/25	$	880,000	5.500%		$	27,838	$	65,950	
06/15/26	880,000	5.500%	15,000	27,838		
12/15/26	865,000	5.500%		27,425	70,263	
06/15/27	865,000	5.500%	15,000	27,425		
12/15/27	850,000	5.500%		27,013	69,438	
06/15/28	850,000	5.500%	15,000	27,013		
12/15/28	835,000	5.500%		26,600	68,613	
06/15/29	835,000	5.500%	15,000	26,600		
12/15/29	820,000	5.500%		26,188	67,788	
06/15/30	820,000	5.500%	15,000	26,188		
12/15/30	805,000	5.500%		25,775	66,963	
06/15/31	805,000	6.250%	15,000	25,775		
12/15/31	790,000	6.250%		25,306	66,081	
06/15/32	790,000	6.250%	15,000	25,306		
12/15/32	775,000	6.250%		24,838	65,144	
06/15/33	775,000	6.250%	20,000	24,838		
12/15/33	755,000	6.250%		24,213	69,050	
06/15/34	755,000	6.250%	20,000	24,213		
12/15/34	735,000	6.250%		23,588	67,800	
06/15/35	735,000	6.250%	20,000	23,588		
12/15/35	715,000	6.250%		22,963	66,550	
06/15/36	715,000	6.250%	20,000	22,963		
12/15/36	695,000	6.250%		22,338	65,300	
06/15/37	695,000	6.250%	25,000	22,338		
12/15/37	670,000	6.250%		21,556	68,894	
06/15/38	670,000	6.250%	25,000	21,556		
12/15/38	645,000	6.250%		20,775	67,331	
06/15/39	645,000	6.250%	25,000	20,775		
12/15/39	620,000	6.250%		19,994	65,769	
06/15/40	620,000	6.250%	30,000	19,994		
12/15/40	590,000	6.250%		19,056	69,050	
06/15/41	590,000	6.250%	30,000	19,056		
12/15/41	560,000	6.250%		18,119	67,175	
06/15/42	560,000	6.250%	30,000	18,119		
12/15/42	530,000	6.250%		17,181	65,300	
06/15/43	530,000	6.250%	35,000	17,181		
12/15/43	495,000	6.250%		16,088	68,269	
06/15/44	495,000	6.500%	35,000	16,088		
12/15/44	460,000	6.500%		14,950	66,038	
06/15/45	460,000	6.500%	40,000	14,950		
12/15/45	420,000	6.500%		13,650	68,600	
06/15/46	420,000	6.500%	40,000	13,650		
12/15/46	380,000	6.500%		12,350	66,000	
06/15/47	380,000	6.500%	45,000	12,350		
12/15/47	335,000	6.500%		10,888	68,238	
06/15/48	335,000	6.500%	45,000	10,888		
12/15/48	290,000	6.500%		9,425	65,313	
06/15/49	290,000	6.500%	50,000	9,425		
12/15/49	240,000	6.500%		7,800	67,225	
06/15/50	240,000	6.500%	55,000	7,800		
12/15/50	185,000	6.500%		6,013	68,813	
06/15/51	185,000	6.500%	60,000	6,013		
12/15/51	125,000	6.500%		4,063	70,075	
06/15/52	125,000	6.500%	60,000	4,063		
12/15/52	65,000	6.500%		2,113	66,175	
06/15/53	65,000	6.500%	65,000	2,113	67,113	
Total		$	890,000	$	1,092,425	$	1,982,425	

Princeton Commons	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025 - 2026	

Description	O&M Units	Bonds Units
2023	
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)	

Single Family	
87	
87	
$825.26	
$825.26	
$0.00	
$850.36	
$850.36	
$0.00	
$1,675.62	
$1,675.62	
$0.00	
Total	87	87										

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