Hemingway Point	
Community Development District	

Approved Proposed Budget	
FY 2027	

Table of Contents

1	General Fund

2-4	Narratives

5-6	Debt Service Fund Series 2013

7-8	Debt Service Fund Series 2014

9	Assessment Schedule

Hemingway Point	
Community Development District	
Approved Proposed Budget	
General Fund	

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

REVENUES:

Special Assessments - On Roll	$	253,746	$	250,646	$	3,100	$	253,746	$	342,455	
Interest income	-	883	1,500	2,383	3,000	
Carry Forward Surplus	48,794	-	-	-	-	

TOTAL REVENUES	$	302,539	$	251,529	$	4,600	$	256,129	$	345,455	

EXPENDITURES:

Administrative

Supervisor Fees	$	8,000	$	2,000	$	3,000	$	5,000	$	8,000	
FICA Taxes	612	153	230	383	612	
Engineering	2,500	449	1,042	1,490	4,500	
Attorney	11,000	5,663	4,583	10,246	13,000	
Annual Audit	5,200	5,200	-	5,200	5,400	
Assessment Administration	1,156	1,156	-	1,156	1,237	
Dissemination Agent	2,889	1,685	1,204	2,889	3,091	
Trustee Fees	8,000	8,000	-	8,000	8,000	
Management Fees	45,420	26,495	18,925	45,420	48,599	
Information Technology	578	337	241	578	618	
Website Maintenance	1,225	715	510	1,225	1,311	
Telephone	50	-	25	25	50	
Postage & Delivery	1,250	239	521	760	1,250	
Insurance General Liability	9,079	8,084	-	8,084	8,893	
Printing & Binding	500	0	278	278	500	
Legal Advertising	1,500	721	1,275	1,996	2,000	
Other Current Charges	500	137	250	387	500	
Office Supplies	150	0	75	75	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	
1st Quarter Operating	-	-	-	-	15,000	

TOTAL ADMINISTRATIVE	$	99,784	$	61,209	$	32,158	$	93,367	$	122,887	

Operations & Maintenance						
Field Expenditures						
Field Management	$	14,700	$	8,575	$	3,573	$	12,148	$	15,729	
Security Patrol/Monitoring	27,000	21,317	7,882	29,199	27,000	
Security System Hardware	2,500	-	1,250	1,250	2,500	
Phone/Internet	2,500	-	1,000	1,000	2,500	
Electric	7,500	3,985	4,200	8,185	9,000	
Water	6,500	12,113	7,561	19,675	6,500	
Solid Waste	-	1,442	-	1,442	2,000	
Property Insurance	7,290	6,919	-	6,919	6,573	
Repairs & Maintenance	20,000	14,010	5,838	19,848	20,000	
Landscape Maintenance	25,000	14,117	9,764	23,881	26,000	
Tree Trimming	7,500	-	4,500	4,500	10,000	
Plant Replacement	-	1,888	-	1,888	8,000	
Janitorial Service & Supplies	6,500	3,848	3,206	7,054	8,000	
Pool Maintenance & Repairs	30,000	8,161	3,401	11,562	30,000	
Operating Supplies	4,500	-	1,500	1,500	4,500	
Pressure Washing/Painting	8,000	-	2,000	2,000	8,000	
Landscape Lighting & Replacement	5,000	-	-	-	-	
Holiday Lighting	-	5,083	-	5,083	8,000	
Pest Control	660	-	275	275	660	
Dues/Licenses	250	-	250	250	250	
Contingencies/Reserve	27,356	1,570	3,534	5,104	27,356	

TOTAL FIELD EXPENDITURES	$	202,755	$	103,028	$	59,734	$	162,762	$	222,568	

TOTAL EXPENDITURES	$	302,539	$	164,237	$	91,892	$	256,129	$	345,455	

EXCESS REVENUES (EXPENDITURES)	$	-	$	87,292	$	(87,292)	$	-	$	-	

Hemingway Point	
Community Development District	
Budget Narrative	

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.	
Interest Income	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

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.	
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.	
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.	

Hemingway Point	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the FloridaCommerce for $175.	
1st Quarter Operating	
Represents expenses in the first 2 months prior to assessments being collected.	
Expenditures – Field	

Field Management		
This is for the field manager who oversees the daily activity of the field operations of the District.	
Security		
District is currently contracted with 1st Choice Security for daily Patrols. Budget includes future contract with DML Security Systems for security camera monitoring during evening hours.	
Security Hardware		
District may purchase a security camera network for monitoring during the evening hours.	
Phone/Internet		
The District has an account with Comcast for phone and internet service to the Clubhouse.	
Electric		
The District has the following accounts with Florida Power & Light:	
Acct 04890-39180	11850 SW 252nd Terrace – Clubhouse	
Acct 16670-96067	11880 SW 248th Street – Guard House	
Water		
The District has the following account with Miami-Dade Water & Sewer Department:	
Acct 2198944399	11850 SW 252nd Terrace – Clubhouse	

Solid Waste		
The District has the following account with Miami-Dade Solid Waste Department:	
Acct 20091066	11850 SW 252nd Terrace – Clubhouse	
Property Insurance		
The District has a policy with Egis Insurance & Risk Advisors to cover the Clubhouse and contents.	
Repairs & Maintenance		
Repairs and maintenance within the district.	
Landscape Maintenance		
The District has an agreement with Nicoya Landscaping, Inc.	
Tree Trimming		
The District has an agreement with Nicoya Landscaping, Inc.	
Plant Replacement		
The cost associated with any replacement of landscaping during the year.	
Janitorial Service & Supplies	
The District will enter into an agreement for the cleaning of the Clubhouse.	
Pool Maintenance		
The District has an agreement with Florida's Bright & Blue Pools for the maintenance of the pool and fountains (2). The current contract is $520.00 per month which includes complete pool and fountain services with chemical, 3 visits per week.	
Operating Supplies		
Represents any additional supplies needed for the maintenance of the Clubhouse and Guardhouse.	

Hemingway Point	
Community Development District	
Budget Narrative	

Expenditures – Field (continued)	
Pressure Washing/Painting	
District contracts companies for Pressure washing of sidewalks and walkways.	
Holiday Lighting	
Estimated cost for holiday lights and decorations including installation before and removal after the holidays as per the agreement signed by the District.	
Pest Control	
This cost if for an annual bait pretreatment.	
Dues/Licenses	
The District is required to pay a pool permit annual fee to the Florida Dept. of Health Miami Dade County for $250.	
Contingencies/Reserve	
Represents any unforeseen expenditures.	

Hemingway Point	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2013 Special Assessment Bonds (Phase One Project)	

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

REVENUES:

Special Assessments-On Roll	$	165,900	$	164,021	$	1,880	$	165,900	$	165,900	
Interest Earnings	4,000	6,597	2,000	8,597	4,000	
Carry Forward Surplus (1)	209,101	211,093	-	211,093	226,016	

TOTAL REVENUES	$	379,001	$	381,711	$	3,880	$	385,591	$	395,916	

EXPENDITURES:

Interest 11/1	$	55,569	$	55,569	$	-	$	55,569	$	54,006	
Principal 11/1	50,000	50,000	-	50,000	55,000	
Interest 5/1	54,006	-	54,006	54,006	52,288	

TOTAL EXPENDITURES	$	159,575	$	105,569	$	54,006	$	159,575	$	161,294	

EXCESS REVENUES (EXPENDITURES)	$	219,426	$	276,142	$	(50,126)	$	226,016	$	234,622	

Interest Due 11/1/27	$52,288	
Principal Due 11/1/27	$60,000	
	$112,288	

(1) Carry Forward is Net of Reserve Requirement

Hemingway Point	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2013 Special Assessment Bonds (Phase One Project)	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/25	1,685,000	6.250%	50,000	55,569	161,138	
05/01/26	1,635,000	6.250%	-	54,006		
11/01/26	1,635,000	6.250%	55,000	54,006	163,013	
05/01/27	1,580,000	6.250%	-	52,288		
11/01/27	1,580,000	6.250%	60,000	52,288	164,575	
05/01/28	1,520,000	6.250%	-	50,413		
11/01/28	1,520,000	6.250%	65,000	50,413	165,825	
05/01/29	1,455,000	6.250%	-	48,381		
11/01/29	1,455,000	6.250%	65,000	48,381	161,763	
05/01/30	1,390,000	6.250%	-	46,350		
11/01/30	1,390,000	6.250%	70,000	46,350	162,700	
05/01/31	1,320,000	6.250%	-	44,163		
11/01/31	1,320,000	6.250%	75,000	44,163	163,325	
05/01/32	1,245,000	6.250%	-	41,819		
11/01/32	1,245,000	6.250%	80,000	41,819	163,638	
05/01/33	1,165,000	6.750%	-	39,319		
11/01/33	1,165,000	6.750%	85,000	39,319	163,638	
05/01/34	1,080,000	6.750%	-	36,450		
11/01/34	1,080,000	6.750%	90,000	36,450	162,900	
05/01/35	990,000	6.750%	-	33,413		
11/01/35	990,000	6.750%	95,000	33,413	161,825	
05/01/36	895,000	6.750%	-	30,206		
11/01/36	895,000	6.750%	105,000	30,206	165,413	
05/01/37	790,000	6.750%	-	26,663		
11/01/37	790,000	6.750%	110,000	26,663	163,325	
05/01/38	680,000	6.750%	-	22,950		
11/01/38	680,000	6.750%	120,000	22,950	165,900	
05/01/39	560,000	6.750%	-	18,900		
11/01/39	560,000	6.750%	125,000	18,900	162,800	
05/01/40	435,000	6.750%	-	14,681		
11/01/40	435,000	6.750%	135,000	14,681	164,363	
05/01/41	300,000	6.750%	-	10,125		
11/01/41	300,000	6.750%	145,000	10,125	165,250	
05/01/42	155,000	6.750%	-	5,231		
11/01/42	155,000	6.750%	155,000	5,231	165,463	

Total	$	1,635,000	$	1,096,706	$	2,785,713	

Hemingway Point	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2014 Special Assessment Bonds (Phase Two Project)	

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

REVENUES:

Special Assessments-On Roll	$	170,480	$	167,387	$	3,093	$	170,480	$	170,480	
Interest Earnings	4,000	6,012	2,000	8,012	4,000	
Carry Forward Surplus (1)	184,335	186,289	-	186,289	198,431	

TOTAL REVENUES	$	358,815	$	359,688	$	5,093	$	364,781	$	372,912	

EXPENDITURES:

Interest 11/1	$	53,925	$	53,925	$	-	$	53,925	$	52,425	
Principal 11/1	60,000	60,000	-	60,000	65,000	
Interest 5/1	52,425	-	52,425	52,425	50,800	

TOTAL EXPENDITURES	$	166,350	$	113,925	$	52,425	$	166,350	$	168,225	

EXCESS REVENUES (EXPENDITURES)	$	192,465	$	245,763	$	(47,332)	$	198,431	$	204,687	

Interest Due 11/1/27	$50,800	
Principal Due 11/1/27	$65,000	
	$115,800	

(1) Carry Forward is Net of Reserve Requirement

Hemingway Point	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2014 Special Assessment Bonds (Phase Two Project)	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	$	2,085,000	4.625%	$	55,000	$	55,197	$	110,197	
05/01/25	2,030,000	5.000%	-	53,925		
11/01/25	2,030,000	5.000%	60,000	53,925	167,850.00	
05/01/26	1,970,000	5.000%	-	52,425		
11/01/26	1,970,000	5.000%	65,000	52,425	169,850.00	
05/01/27	1,905,000	5.000%	-	50,800		
11/01/27	1,905,000	5.000%	65,000	50,800	166,600.00	
05/01/28	1,840,000	5.000%	-	49,175		
11/01/28	1,840,000	5.000%	70,000	49,175	168,350.00	
05/01/29	1,770,000	5.000%	-	47,425		
11/01/29	1,770,000	5.000%	75,000	47,425	169,850.00	
05/01/30	1,695,000	5.000%	-	45,550		
11/01/30	1,695,000	5.000%	75,000	45,550	166,100.00	
05/01/31	1,620,000	5.000%	-	43,675		
11/01/31	1,620,000	5.000%	80,000	43,675	167,350.00	
05/01/32	1,540,000	5.000%	-	41,675		
11/01/32	1,540,000	5.000%	85,000	41,675	168,350.00	
05/01/33	1,455,000	5.000%	-	39,550		
11/01/33	1,455,000	5.000%	90,000	39,550	169,100.00	
05/01/34	1,365,000	5.000%	-	37,300		
11/01/34	1,365,000	5.000%	95,000	37,300	169,600.00	
05/01/35	1,270,000	5.500%	-	34,925		
11/01/35	1,270,000	5.500%	100,000	34,925	169,850.00	
05/01/36	1,170,000	5.500%	-	32,175		
11/01/36	1,170,000	5.500%	105,000	32,175	169,350.00	
05/01/37	1,065,000	5.500%	-	29,288		
11/01/37	1,065,000	5.500%	110,000	29,288	168,575.00	
05/01/38	955,000	5.500%	-	26,263		
11/01/38	955,000	5.500%	115,000	26,263	167,525.00	
05/01/39	840,000	5.500%	-	23,100		
11/01/39	840,000	5.500%	120,000	23,100	166,200.00	
05/01/40	720,000	5.500%	-	19,800		
11/01/40	720,000	5.500%	130,000	19,800	169,600.00	
05/01/41	590,000	5.500%	-	16,225		
11/01/41	590,000	5.500%	135,000	16,225	167,450.00	
05/01/42	455,000	5.500%	-	12,513		
11/01/42	455,000	5.500%	145,000	12,513	170,025.00	
05/01/43	310,000	5.500%	-	8,525		
11/01/43	310,000	5.500%	150,000	8,525	167,050.00	
05/01/44	160,000	5.500%		4,400		
11/01/44	160,000	5.500%	160,000	4,400	168,800.00	

Total	$	1,970,000	$	1,177,150	$	3,199,575	

Hemingway Point	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026 - 2027	

Neighborhood	O&M Units	Bonds 2013
Units	Bonds 2014
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
							Series 2013	Series 2014					

Single Family-Phase I	
167	
167	
0	
$1,122.99	
$832.09	
$290.90	
$1,045.70	
$1,045.70	
$0.00	
$0.00	
$0.00	
$2,168.69	
$1,877.79	
$290.90	
Single Family-Phase II	154	0	154	$1,122.99	$832.09	$290.90	$0.00	$0.00	$1,165.28	$1,165.28	$0.00	$2,288.27	$1,997.37	$290.90	
Total	321	167	154												

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