ARBORWOOD COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
MAY 18, 2026
9:00 A.M.

Special District Services, Inc.
27499 Riverview Center Boulevard, #253 Bonita Springs, FL 33134
www.arborwoodcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
Amenity Center Community Room Somerset at the Plantation 10401 Dartington Drive
Fort Myers, Florida, 33913 REGULAR BOARD MEETING May 18, 2026
9:00 A.M.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
April 27, 2026 Regular Board Meeting Minutes	Page 2
Old Business
New Business
Consider Resolution No. 2026-01 – Adopting a Fiscal Year 2026/2027 Proposed Budget	Page 6
Administrative Matters
Attorney’s Report
Engineer Report
Field Inspectors Report – Somerset
Preserve Compliance Updates
Bridgetown Report	Page 27
Manager’s Report
Financials	Page 28
Board Member Comments
Adjourn

5/8/26, 8:35 AM	Notice

Publication Date 2026-05-08

Subcategory Miscellaneous Notices

NOTICE OF REGULAR BOARD MEETING
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors (the Board) of the Arborwood Community Development District (the District) will hold a Regular Board Meeting (the Meeting) on May 18, 2026, at 9:00 a.m. in the Amenity Center Community Room, Somerset at the Plantation, 10401 Dartington Drive, Fort Myers, Florida 33913. The purpose of the Regular Board Meeting is for the Board to consider any business which may properly come before it.
The Meeting is open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. The Meeting may be continued in progress without additional notice to a time, date, and location stated on the record. A copy of the agenda for the Meeting may be obtained from the Districts website (www.arborwoodcdd.org) or by contacting the District Manager, Special District Services, at (941) 223-2475. There may be occasions when one or more Supervisors will participate by telephone.
Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this Meeting is asked to advise the District Office at least forty-eight (48) hours before the Meeting by contacting the District Manager at (561) 630-4922. If you are hearing or speech impaired, please contact the Florida Relay Service at 1 (800) 955-8770, who can aid you in contacting the District Office.
A person who decides to appeal any decision made at the Meeting with respect to any matter considered at the Meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.
Meetings may be cancelled from time to time without advertised notice. District Manager
Arborwood Community Development District www.arborwoodcdd.org 5/8/26 #12307625

https://floridapublicnotices.com/notices/11559636

Page 1

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ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
APRIL 27, 2026

CALL TO ORDER

The April 27, 2026, Regular Board Meeting of the Arborwood Community Development District (the “District”) was called to order at 9:00 a.m. in the Amenity Center Community Room of the Somerset at the Plantation located at 10401 Dartington Drive, Fort Myers, Florida 33913.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Fort Myers News-Press on April 17, 2026, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting:

Chairman	Jeff Gordish	Present	
Vice Chairperson	Karin Hagen	Present via phone	
Supervisor	Jack Aycock	Present	
Supervisor	Donald Schrotenboer	Absent	
Supervisor	Christopher Anderson	Present	

Staff members in attendance were:

District Manager	Kathleen Meneely	Special District Services, Inc.	
General Counsel	Wes Haber (via phone)	Kutak Rock, LLC	
District Engineer	Ryan Lorenz	JR Evans Engineering	
Field Inspector	Bohdan Hirniak	Special District Services, Inc.	

Also present was Bethany Brosious of Passarella & Associates; and Kevin Doyle.

ADDITIONS OR DELETIONS TO THE AGENDA
There were no additions or deletions to the agenda.
COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
March 16, 2026, Regular Board Meeting
The minutes of the March 16, 2026, Regular Board Meeting were presented for consideration.
Page 1 of 4

A MOTION was then made by Mr. Gordish, seconded by Mr. Aycock and passed unanimously approving the minutes of the March 16, 2026, Regular Board Meeting, as presented.

OLD BUSINESS
There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Request to Remove Oak Tree – 12347 Litchfield

Ms. Hagen directed the Board to the location of the subject tree within the submitted materials and explained that  the  tree  was  planted  too  close  to  palm  trees  and  was  causing  damage.

Mr. Lorenz reviewed the request and recommended that the tree be removed; however, he strongly advised that the root system and surrounding soil not be disturbed to avoid destabilizing the lake bank. He explained that disturbing the soil could result in erosion, particularly during heavy rain events, and recommended that the  tree  be  cut  or  ground  flush  with  the  existing  grade  without  removing  the  roots.

The Board discussed the importance of maintaining soil stability and preventing erosion. Mr. Gordish confirmed   that   the   key   objective   was   to   avoid   disturbing   the   lake   bank.

A motion was made by Mr. Gordish, seconded by Mr. Aycock and unanimously approving the removal of the oak tree at 12347 Litchfield with the stipulation that the tree be cut flush to the ground and that the roots and surrounding soil not be disturbed.
Discussion Regarding Requests for CDD Property Vegetation Removal

Ms. Hagen introduced the item explaining that the request originated from the Plantation property manager seeking formal guidance regarding vegetation removal within CDD property. She noted that a draft letter had been prepared for Board review. Mr. Lorenz presented the draft letter and explained that it was intended to clarify   expectations   for   community   association   managers   across   the   District.

The Board Members discussed applicability across Somerset, Bridgetown and Arborwood Preserve, including coordination with existing preserve restrictions and ensuring consistency across communities. Discussion also included revising contact information in the letter to direct inquiries to the engineer for efficiency and local response.

Following discussion and minor revisions, the Board agreed the letter should be distributed to the applicable communities.

A motion was made by Mr. Gordish, seconded by Mr. Anderson and unanimously passed approving the vegetation   removal   policy   letter,   as   amended,   and   authorizing   its   distribution.

ADMINISTRATIVE MATTERS
Attorney’s Report – Golf Course Performance Bond

Mr. Haber explained that the District had an existing agreement related to a fountain located on the golf course property, which requires a performance bond. He advised that the current entity requested release of
Page 2 of 4

the bond due to a change in ownership or management.

Mr. Haber explained that the bond could not be released unless the agreement was assigned to the new entity or the fountain removed. He recommended assignment of the agreement, with the new entity assuming responsibility for the bond.

Mr. Lorenz confirmed the bond relates to installation and performance obligations and expressed no concern with assignment so long as the bond remains in place.

A motion was made by Mr. Anderson, seconded by Mr. Aycock and unanimously passed authorizing the Chairman to review and execute the assignment of the agreement.

Engineer’s Report

Mr. Lorenz presented the Engineer’s Report and reviewed three primary inspection areas: lake bank inspections, drainage system inspections, and maintenance/repair proposals. He noted that certain items listed under the Engineer’s Report on the agenda, specifically items b. Inspection Reports and d. Lake Bank Plantings Notice, were addressed earlier during the meeting.

With respect to the Bridgetown Lake Bank Inspection Report, Mr. Lorenz advised that a field inspection was conducted in March and approximately eleven erosion areas were identified. He noted that the findings were generally consistent with typical lake bank wear, including minor washouts and cavities, and nothing extraordinary was observed. The report had been provided to the property manager, and proposals for repair were being obtained.
Mr. Lorenz then reviewed the drainage inspection reports for Bridgetown and Somerset, explaining that inspections were performed using submersible camera equipment to evaluate pipe conditions, sediment buildup, and structural integrity. He noted that sediment accumulation was identified in several runs, with some pipes exhibiting moderate levels of buildup. He explained the methodology used for inspection and discussed recommended cleaning approaches, including jet flushing versus vacuum removal, noting that vacuum methods provide more effective long-term results but involve higher labor costs. Discussion ensued regarding pipe conditions, including potential contributing factors such as prior water main breaks, organic debris, and stormwater flow patterns. Mr. Lorenz advised that recent cleaning work had been completed within budget and that additional maintenance would be scheduled on a cyclical basis following future inspections.

Mr. Lorenz further reviewed the Somerset Lake Bank Repair Proposals, summarizing bids received from multiple contractors and outlining differences in cost, materials, and installation methods. He explained that some contractors utilize biodegradable coconut mat systems, while others offer synthetic liner systems designed for longer-term stabilization. He noted significant cost variations between proposals and discussed the advantages and limitations of each approach, including durability, maintenance, and performance during storm events. Mr. Lorenz recommended consideration of a synthetic liner system for longevity but advised obtaining additional pricing and deferring work until after the rainy season to avoid potential complications. Additional discussion occurred regarding recurring erosion areas, contractor performance, and the impact of homeowner drainage practices, particularly pool overflow discharge, on lake bank stability. Mr. Lorenz advised that coordination with HOA guidelines would be necessary to address these contributing factors moving forward.

Field Inspector’s Report - Somerset
Page 3 of 4

Mr. Hirniak reported rainfall levels remained below normal for the year and lake levels reflected those conditions. He noted no unusual changes in vegetation or wildlife and reported that general site conditions appeared stable. He advised that golf course renovations currently limit access for inspection but he would follow up once access has been restored.

Midge Fly Discussion

Ms. Hagen raised concerns regarding a midge fly infestation impacting areas of Somerset, noting HOA correspondence declining treatment and attributing responsibility to the CDD.

Discussion ensued regarding treatment limitations, the seasonal nature of midge populations, and overall lake health. Mr. Haber advised the District had no obligation to address pest control issues, as its responsibility is limited to stormwater management.

The Board Members discussed that midge activity is often temporary and may resolve naturally over time. It was also noted that pest control is typically an HOA responsibility rather than a CDD function.

Following discussion, the Board directed the District Manager to respond to the HOA on behalf of the Board, clarifying that the lakes were functioning as intended and that pest control did not fall under the CDD’s responsibilities.

Manager’s Report
Ms. Meneely presented the financials to the Board. There were no questions regarding the financials.

Ms. Meneely announced the next meeting dates as May 18, 2026, at which time the proposed budget would be presented, and June 15, 2026.

BOARD MEMBER COMMENTS

There were no further Board Member comments.
ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Mr. Aycock, seconded by Mr. Gordish and passed unanimously adjourning the Regular Board Meeting at 10:20 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 4 of 4

RESOLUTION 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Arborwood Community Development District (“District”) prior to June 15, 2026, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2026 and ending September 30, 2027 (“Fiscal Year 2026/2027”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2026/2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	August 17, 2026

HOUR:	9:00 a.m.

LOCATION:	Amenity Center Community Room
Somerset at the Plantation	 10401 Dartington Drive
Fort Myers, Florida, 33913

TRANSMITTAL	OF	PROPOSED	BUDGET	TO	LOCAL	GENERAL	PURPOSE
GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to the City of Ft. Myers and Lee County at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 18th DAY OF May, 2026.

ATTEST:	ARBORWOOD COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors

Exhibit A:	Proposed Budget

Arborwood Community Development District

Proposed Budget Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS
1 - 3	REVENUE AND EXPENSE DESCRIPTIONS

PROPOSED TOTAL BUDGET

PROPOSED TOTAL BUDGET DETAIL

BUDGET COMPARISON

PROPOSED GENERAL FUND BUDGET

PROPOSED DEBT SERVICE FUND BUDGET - 2014 BOND

PROPOSED DEBT SERVICE FUND BUDGET - 2018 BOND

ASSESSMENTS RECAP - PARCEL A - MARINA BAY & BOTANICA LAKES

ASSESSMENTS RECAP - PARCELS B & D/E - BRIDGETOWN & SOMERSET

ASSESSMENTS RECAP - LENNAR PARCELS

ASSESSMENTS RECAP - OTHER PARCELS

GENERAL FUND METHODOLOGY

2014 BOND METHODOLOGY

2018 BOND METHODOLOGY

ON ROLL ASSESSMENT COMPARISON

REVENUES

1	GENERAL FUND ON ROLL ASSESSMENTS
All assessments placed on the tax roll for Operations & Maintenance.

2	GENERAL FUND DIRECT BILL ASSESSMENTS
Individual parcels not placed on the tax roll are billed directly by mail for Operations & Maintenance Assessments.

3	DEBT ON ROLL ASSESSMENTS
Debt Assessments collected via the property tax roll for Bond Debt

4	DEBT DIRECT BILL ASSESSMENTS
Individual parcels not placed on the tax roll are billed directly by mail for Debt Assessments.

5	DEBT PREPAYMENTS / MISCELLANEOUS PAYMENTS
Debt Assessments used to pay down Bond debt before the required payments by individuals or the District as a whole.

6	GENERAL FUND INTEREST INCOME
Any interest earned on the general fund balance and any item that does not fall into the other income categories.

7	GENERAL FUND OTHER REVENUES
This is usually carry over funds from a prior year.
EXPENDITURES

8	PAYROLL TAX EXPENSE
For taxes associated with the payroll to supervisors.

9	SUPERVISOR FEES
Fees paid to supervisors for their service to the District.

10	ENGINEERING
State statute requires the District to have an engineer and pay for his or her services.

11	MANAGEMENT
State statute requires the District to have a manager and pay for his or her services.

12	LEGAL
State statute requires the District to have an attorney and pay for his or her services.

13	ASSESSMENT ROLL
The cost to prepare the assessment roll and submit it to the county tax collector.

14	ANNUAL AUDIT
State statue requires the District to have financial statements audited yearly.

15	ARBITRAGE REBATE FEE
This is a bond requirement related to the tax exempt status of the bonds.

16	INSURANCE
The District has a liability insurance policy that protects the supervisors and staff acting on the district's behalf.

17	LEGAL ADVERTISING
State statute requires the District to advertise meetings in advance.

18	MISCELLANEOUS
Any item that does not fit into a category already established.

1

19	POSTAGE
Any packages/letters sent on behalf of the district. Proposals, certified mail, etc. are charged to this category.

20	OFFICE SUPPLIES
This is mainly paper and ink cost related to any printed documents for the district.

21	DUES & SUBSCRIPTIONS
An annual due is required to pay to the state.

22	TRUSTEE FEES
Fees paid to the Bank Trustee responsible for the Bond bank accounts.

23	CONTINUING DISCLOSURE FEE
These are reports we have to file with the SEC related to any bonds.

24	AMORTIZATION SCHEDULES
This is the fee we are charged by either a trustee or financial advisor if we have to reamortize the bonds due to a prepayment.

25	WEBSITE
State statute requires the District to have a public website. This is the cost to run and host the website.

26	PROFESSIONAL FEE & PERMITS
Permit, survey, etc., cost related to maintenance or construction.

27	TREELINE PRESEVE MAINT - EXOTICS
Removal of exotics annually

28	DRI TRAFFIC MONITORING
Bi-annual monitoring of traffic counts to verify actual traffic does not exceed design capacity

29	ENVIROMENTAL CONSULTING - PASSARELLA
Ecological consultant and management of preserve maintenance

30	PANTHER MITIGATION MAINT - EXOTICS
Panther mitigation is an offsite parcel that is required to have the exotics removed on an annual basis as consistent with the ACOE Permit

31	STREET LIGHTING - UTILITY & MAINT
Maintenance on district owned streetlights

32	CAPITAL OUTLAY - SMALL
Small, miscellaneous construction related to district improvements.

33	COUNTY APPRAISER & TAX COLLECTOR FEE
Fees charged to the District by the County Appraiser and Tax Collector for collecting the District's NAV Assessments.

34	FLOWWAY MAINT
Removal of plant material of east/west ditch on an annual basis to improve conveyance

35	MISCELLANEOUS MAINTENANCE
Any District wide maintenance that does not fit into any of the other maintenance categories.

36	MITIGATION MONITORING - (PARCEL C ONLY)
Inspection of the preserve located in Parcel C

37	PRESERVE MAINT - (PARCEL C ONLY)
Removal of exotics in Parcel C preserves

38	LAKE MAINT - AQUATIC CONTROL MAINT- (SOMERSET ONLY)
Maintenance of aquatic vegetation in Somerset lakes

2
39	LAKE MAINT - EROSION MAINT- (SOMERSET ONLY)
Maintenance of lake banks from erosion in Somerset lakes

40	PRESERVE MAINT - (SOMERSET ONLY)
Removal of exotics annually in the preserve in Somerset

41	FIELD INSPECTOR - (SOMERSET ONLY)
Staff person for public relations and coordination of maintenance

42	STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)
Inspection and maintenance of the stormwater drainage pipes in Somerset

43	LAKE BANK INSPECTION - (SOMERSET ONLY)
Inspection of Lake Banks in Somerset Only

44	LAKE BANK INSPECTION - (BRIDGETOWN ONLY)
Inspection of Lake Banks in Bridgetown only.

45	STORMWATER DRAINS INS & MAINT - (BRIDGETOWN ONLY)
Inspection of the stormwater drainage pipes in Bridgetown and submitting report to Bridgetown HOA

46	DEBT PAYMENT (2014)
Total Interest and Principal Payment for the year for all the Parcel C Series 2014 Bonds

47	DEBT PAYMENT (2018)
Total Interest and Principal Payment for the year for all parcels except C for the Series 2018 Bonds

48	MISCELLANEOUS DEBT EXPENSE
Any debt expense other that the regularly scheduled principal and interest payments

49	DISCOUNTS FOR EARLY PAYMENTS
4% buffer to cover for all residents who pay early and receive a discount off their property tax bill, which can be up to 4%

3

 REVENUES				TOTAL		
GENERAL FUND ON ROLL ASSESSMENT		527,634	
GENERAL FUND DIRECT BILL ASSESSMENT - LENNAR		0	
DEBT ON ROLL ASSESSMENT		3,199,873	
DEBT DIRECT BILL ASSESSMENT - LENNAR		0	
 OTHER INCOME / CARRYOVER BALANCE				21,000	
 Total Revenues			 $	3,748,508 	
 EXPENDITURES	
PAYROLL TAX EXPENSE		
880	
SUPERVISOR FEES		11,000	
ENGINEERING		48,000	
MANAGEMENT		43,224	
LEGAL		18,000	
ASSESSMENT ROLL		5,000	
ANNUAL AUDIT		5,250	
ARBITRAGE REBATE FEE		1,000	
INSURANCE		9,000	
LEGAL ADVERTISING		5,250	
MISCELLANEOUS		3,200	
POSTAGE		1,125	
OFFICE SUPPLIES		2,075	
DUES & SUBSCRIPTIONS		175	
TRUSTEE FEES		19,000	
CONTINUING DISCLOSURE FEE		3,000	
AMORTIZATION SCHEDULES		500	
WEBSITE		2,000	
PROFESSIONAL FEE & PERMITS		1,250	
TREELINE PRESEVE MAINT - EXOTICS		0	
DRI TRAFFIC MONITORING		5,000	
ENVIROMENTAL CONSULTING - PASSARELLA		23,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000	
STREET LIGHTING - UTILITY & MAINT		0	
CAPITAL OUTLAY - SMALL		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000	
FLOWWAY MAINT		10,600	
PRESERVE MAINT - (PARCEL C ONLY)		7,000	
LAKE MAINT - (SOMERSET ONLY)		50,000	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		47,000	
PRESERVE MAINT - (SOMERSET ONLY)		37,000	
INSPECTOR - (SOMERSET ONLY)		27,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		30,000	
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500	
 STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				6,500	
 Total Expenditures			 $	527,529 	
 EXCESS / (SHORTFALL)			 $	3,220,979 	
DEBT PAYMENTS (2014)		(544,616)	
DEBT PAYMENTS (2018)		(2,527,262)	
MISCELLANEOUS DEBT EXPENSE		0	
 BALANCE			 $	149,100 	
DISCOUNTS FOR EARLY PAYMENTS		(149,100)	
 NET EXCESS / (SHORTFALL)			 $	-		

	GENERAL FUND	DEBT - SERIES 2014	DEBT - SERIES 2018		
			A-1 & A-2		B				A-1 & A-2		TOTAL	
REVENUES												
GENERAL FUND ON ROLL ASSESSMENT		527,634		0			0		0		527,634	
GENERAL FUND DIRECT BILL ASSESSMENT		0		0			0		0		0	
DEBT ON ROLL ASSESSMENT		0		567,308			0		2,632,565		3,199,873	
DEBT DIRECT BILL ASSESSMENT		0		0			0		0		0	
OTHER INCOME / CARRYOVER BALANCE		21,000		0			0		0		21,000	
Total Revenues		$	548,634		$ 567,308	$	-			$	2,632,565		$	3,748,508	

EXPENDITURES												
PAYROLL TAX EXPENSE		880		0			0		0		880	
SUPERVISOR FEES		11,000		0			0		0		11,000	
ENGINEERING		48,000		0			0		0		48,000	
MANAGEMENT		43,224		0			0		0		43,224	
LEGAL		18,000		0			0		0		18,000	
ASSESSMENT ROLL		5,000		0			0		0		5,000	
ANNUAL AUDIT		5,250		0			0		0		5,250	
ARBITRAGE REBATE FEE		1,000		0			0		0		1,000	
INSURANCE		9,000		0			0		0		9,000	
LEGAL ADVERTISING		5,250		0			0		0		5,250	
MISCELLANEOUS		3,200		0			0		0		3,200	
POSTAGE		1,125		0			0		0		1,125	
OFFICE SUPPLIES		2,075		0			0		0		2,075	
DUES & SUBSCRIPTIONS		175		0			0		0		175	
TRUSTEE FEES		19,000		0			0		0		19,000	
CONTINUING DISCLOSURE FEE		3,000		0			0		0		3,000	
AMORTIZATION SCHEDULES		500		0			0		0		500	
WEBSITE		2,000		0			0		0		2,000	
PROFESSIONAL FEE & PERMITS		1,250		0			0		0		1,250	
TREELINE PRESEVE MAINT - EXOTICS		0		0			0		0		0	
DRI TRAFFIC MONITORING		5,000		0			0		0		5,000	
ENVIROMENTAL CONSULTING - PASSARELLA		23,000		0			0		0		23,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000		0			0		0		80,000	
STREET LIGHTING - UTILITY & MAINT		0		0			0		0		0	
CAPITAL OUTLAY - SMALL		1,000		0			0		0		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000		0			0		0		10,000	
FLOWWAY MAINT		10,600		0			0		0		10,600	
PRESERVE MAINT - (PARCEL C ONLY)		7,000		0			0		0		7,000	
LAKE MAINT - (SOMERSET ONLY)		50,000		0			0		0		50,000	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		47,000		0			0		0		47,000	
PRESERVE MAINT - (SOMERSET ONLY)		37,000		0			0		0		37,000	
INSPECTOR - (SOMERSET ONLY)		27,500		0			0		0		27,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		30,000		0			0		0		30,000	
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,500		0			0		0		7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500		0			0		0		6,500	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		6,500		0			0		0		6,500	
Total Expenditures	$	527,529	$	-	$	-		$	-	$	527,529	
												
EXCESS / (SHORTFALL)	$	21,105	$ 567,308	$	-		$	2,632,565	$	3,220,979	

DEBT PAYMENTS (2014)		
0		
(544,616)			
0		
0		
(544,616)	
DEBT PAYMENTS (2018)		0		0			0		(2,527,262)		(2,527,262)	
MISCELLANEOUS DEBT EXPENSE		0		0			0		0		0	
BALANCE		$	21,105		$	22,692	$	-			$	105,303		$	149,100	

DISCOUNTS FOR EARLY PAYMENTS		
(21,105)		
(22,692)			
-		
(105,303)		
(149,100)	
NET EXCESS / (SHORTFALL)	$	-	$	-	$	-		$	-	$	-	

		FISCAL YEAR 2024/2025 ACTUAL *		FISCAL YEAR 2025/2026 ANNUAL BUDGET		FISCAL YEAR 2026/2027 ANNUAL BUDGET		

LARGE VARIANCE EXPLANATION	
									
REVENUES									

GENERAL FUND ON ROLL ASSESSMENT		
534,777		
539,884		
527,634			
GENERAL FUND DIRECT BILL ASSESSMENT		0		0		0			
DEBT ON ROLL ASSESSMENT		3,250,658		3,198,445		3,199,873			
DEBT DIRECT BILL ASSESSMENT		0		0		0			
DEBT PREPAYMENTS / MISCELLANEOUS PAYMENTS		0		0		0			
GENERAL FUND INTEREST INCOME/MISC INCOME		0		0		0			

GENERAL FUND OTHER REVENUES/CARRYOVER BALANCE		0		17,000		21,000		Carryover Funds Being Used To Reduce
Assessments	
									
Total Revenues		$  3,785,435		$	3,755,329		$	3,748,508			
EXPENDITURES									
PAYROLL TAX EXPENSE		673		880		880			
SUPERVISOR FEES		8,800		11,000		11,000			

ENGINEERING		29,285		50,000		48,000		$29,285 in 24/25; $21,571 in 25/26 through
March 26	
MANAGEMENT		40,908		42,084		43,224		Annual CPI increase in contract	

LEGAL		11,051		19,000		18,000		$11,051 in 24/25; $4,518 in 25/26 through March
26	
ASSESSMENT ROLL		5,000		5,000		5,000			
ANNUAL AUDIT		5,350		5,450		5,250		Estimated Amount For 2024/2025 Audit	
ARBITRAGE REBATE FEE		1,000		1,000		1,000			
INSURANCE		6,994		13,000		9,000		25/26 Expenditure Was $6,998	
LEGAL ADVERTISING		3,874		5,250		5,250			
MISCELLANEOUS		3,046		3,200		3,200			
POSTAGE		1,177		1,125		1,125			
OFFICE SUPPLIES		1,189		2,275		2,075			
DUES & SUBSCRIPTIONS		175		175		175			
TRUSTEE FEES		12,739		22,500		19,000			
CONTINUING DISCLOSURE FEE		3,000		3,000		3,000			
AMORTIZATION SCHEDULES		300		500		500			
WEBSITE		2,000		2,000		2,000			
PROFESSIONAL FEE & PERMITS		0		1,250		1,250			
TREELINE PRESEVE MAINT - EXOTICS		6,000		0		0		Donating To The City	
DRI TRAFFIC MONITORING		0		5,000		5,000		Expenditure Occurs Every Two Years	
ENVIROMENTAL CONSULTING - PASSARELLA		21,165		23,000		23,000			
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000		80,000			
STREET LIGHTING - UTILITY & MAINT		0		0		0			
CAPITAL OUTLAY - SMALL		0		1,000		1,000			
COUNTY APPRAISER & TAX COLLECTOR FEE		9,863		10,000		10,000			
FLOWWAY MAINT		1,200		10,600		10,600			
MISCELLANEOUS MAINTENANCE		0		0		0			
									
PRESERVE MAINT - (PARCEL C ONLY)		7,000		7,000		7,000		Under $10,000 last 3 years	
									
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		49,348		50,000		50,000			
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		50,475		47,000		47,000			
PRESERVE MAINT - (SOMERSET ONLY)		35,000		37,000		37,000			
FIELD INSPECTOR - (SOMERSET ONLY)		25,456		25,500		27,500			
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		12,450		30,000		30,000			
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,200		7,500		7,500			
									
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,951		6,500		6,500			
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		6,050		6,500		6,500			
									
Total Expenditures		454,719		535,289		527,529			
									
EXCESS / (SHORTFALL)		$ 3,330,716		$	3,220,040		$	3,220,979			
									
DEBT PAYMENTS (2014)		(592,961)		(543,245)		(544,616)			
DEBT PAYMENTS (2018)		(2,526,743)		(2,527,262)		(2,527,262)			
MISCELLANEOUS DEBT EXPENSE		0		-		-			
									
BALANCE		$	211,012		$	149,533		$	149,100			

DISCOUNTS FOR EARLY PAYMENTS		(140,487)		(149,533)		(149,100)		Higher assessments on roll results in higher
discount potential	
									
NET EXCESS / (SHORTFALL)		$	70,525		$	-		$	-			

1
2
3
4
5
6

7

8
9

10
11

12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35

36

37
38
39
40
41
42

43
44

45
46

47

48

* Un-audited figures

	FISCAL YEAR		FISCAL YEAR	
	2025/2026		2026/2027	
		ANNUAL BUDGET				ANNUAL BUDGET		
REVENUES					
ON ROLL ASSESSMENTS		539,884		527,634	
DIRECT BILL ASSESSMENTS - WCI		0		0	
INTEREST INCOME		0		0	
OTHER INCOME / CARRYOVER BALANCE		17,000		21,000	
Total Revenues		$	556,884		$	548,634	

EXPENDITURES					
PAYROLL TAX EXPENSE		880		880	
SUPERVISOR FEES		11,000		11,000	
ENGINEERING		50,000		48,000	
MANAGEMENT		42,084		43,224	
LEGAL		19,000		18,000	
ASSESSMENT ROLL		5,000		5,000	
ANNUAL AUDIT		5,450		5,250	
ARBITRAGE REBATE FEE		1,000		1,000	
INSURANCE		13,000		9,000	
LEGAL ADVERTISING		5,250		5,250	
MISCELLANEOUS		3,200		3,200	
POSTAGE		1,125		1,125	
OFFICE SUPPLIES		2,275		2,075	
DUES & SUBSCRIPTIONS		175		175	
TRUSTEE FEES		22,500		19,000	
CONTINUING DISCLOSURE FEE		3,000		3,000	
AMORTIZATION SCHEDULES		500		500	
WEBSITE		2,000		2,000	
PROFESSIONAL FEE & PERMITS		1,250		1,250	
TREELINE PRESEVE MAINT - EXOTICS		0		0	
DRI TRAFFIC MONITORING		5,000		5,000	
ENVIROMENTAL CONSULTING - PASSARELLA		23,000		23,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000	
STREET LIGHTING - UTILITY & MAINT		0		0	
CAPITAL OUTLAY - SMALL		1,000		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000		10,000	
FLOWWAY MAINT		10,600		10,600	
PRESERVE MAINT - (PARCEL C ONLY)		7,000		7,000	
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		50,000		50,000	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		47,000		47,000	
PRESERVE MAINT - (SOMERSET ONLY)		37,000		37,000	
FIELD INSPECTOR - (SOMERSET ONLY)		25,500		27,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		30,000		30,000	
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,500		7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500		6,500	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		6,500		6,500	
Total Expenditures		$	535,289		$	527,529	
					
EXCESS / (SHORTFALL)		$	21,595		$	21,105	

DISCOUNTS FOR EARLY PAYMENTS		(21,595)		(21,105)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

Approximate Fund Balance as of 9-30-2026 = 500,000.00					

	2014A-1			2014A-2	
FISCAL YEAR	FISCAL YEAR
2026/2027	2026/2027
ANNUAL BUDGET	 ANNUAL BUDGET 

REVENUES	 REVENUES	
Net On Roll Assessments	490,808	Net On Roll Assessments	53,808
Direct Bill Assessments	0	 Direct Bill Assessments			0

Total Revenues

$	490,808

 Total Revenues	

 $	53,808 

EXPENDITURES	 EXPENDITURES	
Principal Payments	255,000	Principal Payments	25,000
Interest Payments	235,808	 Interest Payments			28,808 Miscellaneous		0	 Miscellaneous				0

Total Expenditures

$	490,808

Total Expenditures

$	53,808

		

Excess / (Shortfall)

$	-	 Excess / (Shortfall)	

 $	- 

*Note: Excess goes to increase bond fund balance

	Series 2014 A-1 Bond Information			Series 2014 A-2 Bond Information	
Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652
Maturity Par Amount =	$5,430,000	Maturity Par Amount =	$1,145,000
Interest Rate =	6.90%	Interest Rate =	6.90%
Issue Date =	Dec 2014	Issue Date =	Dec 2014
Maturity Date =	May 2036	Maturity Date =	May 2036
Annual Principal Payments Due =	May 1st	Annual Principal Payments Due =	Nov 1st
Annual Interest Payments Due =	May 1st & Nov 1st	Annual Interest Payments Due =	May 1st & Nov 1st
Par Amount As Of 1/1/26 =	$3,785,000	Par Amount As Of 1/1/26 =	$420,000

	2014 B	
FISCAL YEAR 2026/2027 ANNUAL BUDGET

REVENUES		

Net On Roll Assessments		0	
Direct Bill Assessments - Lennar		0	

Total Revenues	$	-	

EXPENDITURES			

Principal Payments		0	
Interest Payments		0	
Miscellaneous		0	

Total Expenditures	$	-	

			
Excess / (Shortfall)	$	-	

Series 2014B Bond Was Paid In Full On 5/2/22			

Series 2014 B Bond Information		
Initial Par Amount =	$9,097,400	
Maturity Par Amount =	$10,000,000	
Interest Rate =	6.90%	
Issue Date =	Dec 2014	
Maturity Date =	May 2025	
Annual Principal Payments Due =	N/A	
Annual Interest Payments Due =	N/A	
Par Amount As Of 1/1/23 =	$0	

PROPOSED BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2026/2027
October 1, 2026 - September 30, 2027

2018 A-1 & A-2
	FISCAL YEAR		Series 2018 A-	1 Bond Information	
	2026/2027		Original Par Amount =	$24,465,000	
	ANNUAL BUDGET		Average Interest Rate =	3.02%	
			Maturity Date =	May 2036	
REVENUES				Annual Principal Payments Due =	May 1st	
Net On Roll Assessments		2,527,262		Annual Interest Payments Due =	May 1st & November 1st	
				Par Amount As Of 1-1-26 =	$16,360,000	
Total Revenues		$	2,527,262				
Series 2018 A-2 Bond Information	
EXPENDITURES				
Principal Payments A-1	1,285,000	Original Par Amount =	$8,740,000	
Interest Payments A-1	514,018	Average Interest Rate =	4.65%	
Principal Payments A-2	420,000	Maturity Date =	May 2036	
Interest Payments A-2	250,581	Annual Principal Payments Due =	May 1st	
Miscellaneous / Prepayment		57,663	Annual Interest Payments Due =	May 1st & November 1st	
Total Expenditures	$	2,527,262	Par Amount As Of 1-1-26 =	$5,670,000	

Excess / (Shortfall)	$	-

9

Assessment Recap - Parcel A Marina Bay & Botanica Lakes
Fiscal Year 2026/2027 October 1, 2026 - September 30, 2027

 PARCEL A - MARINA BAY & BOTANICA LAKES	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS	TOTAL GROSS
O&M	TOTAL GROSS
DEBT	TOTAL GROSS
ASSESSMENTS		ON ROLL GROSS
PER UNIT TOTAL	
Marina Bay & Botanica Lakes	Villa / Townhome	240	12,922.77	71,280.00	84,202.77		$	350.84	
Marina Bay & Botanica Lakes	40' SF	365	19,653.39	136,145.00	155,798.39		$	426.84	
Marina Bay & Botanica Lakes	40' SF - PO	2	107.69	0.00	107.69		$	53.84	
Marina Bay & Botanica Lakes	45' SF	269	14,484.28	104,910.00	119,394.28		$	443.84	
Marina Bay & Botanica Lakes	45' SF / Villa *	6	323.07	2,340.00	2,663.07		$	443.84	
Marina Bay & Botanica Lakes	45' SF - PO	1	53.84	0.00	53.84		$	53.84	
Marina Bay & Botanica Lakes	52' SF	564	30,368.52	232,932.00	263,300.52		$	466.84	
Marina Bay & Botanica Lakes	52' SF - PO	1	53.84	0.00	53.84		$	53.84	
Marina Bay & Botanica Lakes	62' SF	33	1,776.88	14,949.00	16,725.88		$	506.84	
Total		1,481	79,744.28	562,556.00	642,300.28			

MARINA BAY								

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
 Marina Bay & Botanica Lakes		Villa / Townhome	240	12,922.77	71,280.00	84,202.77	
 Marina Bay & Botanica Lakes		40' SF	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes		40' SF - PO	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes		45' SF	269	14,484.28	104,910.00	119,394.28	
 Marina Bay & Botanica Lakes		45' SF / Villa *	6	323.07	2,340.00	2,663.07	
 Marina Bay & Botanica Lakes		45' SF - PO	1	53.84	0.00	53.84	
Marina Bay & Botanica Lakes	52' SF	247	13,299.69	102,011.00	115,310.69	
Marina Bay & Botanica Lakes	52' SF - PO	0	0.00	0.00	0.00	
Marina Bay & Botanica Lakes	62' SF	33	1,776.88	14,949.00	16,725.88	
Total		796	42,860.53	295,490.00	338,350.53	

BOTANICA LAKES

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
 Marina Bay & Botanica Lakes	 Villa / Townhome	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes	 40' SF	365	19,653.39	136,145.00	155,798.39	
 Marina Bay & Botanica Lakes	 40' SF - PO	2	107.69	0.00	107.69	
 Marina Bay & Botanica Lakes	 45' SF	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes	 45' SF - PO	0	0.00	0.00	0.00	
 Marina Bay & Botanica Lakes	 52' SF	317	17,068.83	130,921.00	147,989.83	
 Marina Bay & Botanica Lakes	 52' SF - PO	1	53.84	0.00	53.84	
Marina Bay & Botanica Lakes	62' SF	0	0.00	0.00	0.00	
Total	685	36,883.75	267,066.00	303,949.75	

PO = Paid Off. There are a few home owners that have paid their bonds offs.
* The District’s methodology allocates assessments based on the size of the lot, not the structure constructed on the lot size. As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45’ lots and are allocated assessments based on the lot.

Assessment Recap - Parcels B & D/E Bridgetown & Somerset
Fiscal Year 2026/2027 October 1, 2026 - September 30, 2027

 PARCELS B & D/E - BRIDGETOWN & SOMERSET	

BRIDGETOWN		
	PRODUCT	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS		GROSS	
PARCEL	TYPE				ASSESSMENT		PER UNIT TOTAL	
Bridgetown	MF - (2)	66	6,010.36	84,216.00	90,226.36		$	1,367.07	
Bridgetown	MF - (3)	36	3,278.38	36,180.00	39,458.38		$	1,096.07	
Bridgetown	SF 42' - (1)	185	16,847.22	90,280.00	107,127.22		$	579.07	
Bridgetown	SF 42' - (3)	39	3,551.58	39,195.00	42,746.58		$	1,096.07	
Bridgetown	SF 42' - (5)	1	91.07	0.00	91.07		$	91.07	
Bridgetown	SF 55' - (1)	230	20,945.20	150,420.00	171,365.20		$	745.07	
Bridgetown	SF 55' - (2)	0	0.00	0.00	0.00		$	-	
Bridgetown	SF 55' - (3)	71	6,465.69	71,284.00	77,749.69		$	1,095.07	
Bridgetown	SF 55' - (5)	2	182.13	0.00	182.13		$	91.07	
Bridgetown	SF 67' - (1)	130	11,838.59	103,480.00	115,318.59		$	887.07	
Bridgetown	SF 67' - (2)	38	3,460.51	48,488.00	51,948.51		$	1,367.07	
Bridgetown	SF 67' - (3)	90	8,195.95	90,360.00	98,555.95		$	1,095.07	
Bridgetown	SF 67' - (4)	33	3,005.18	47,784.00	50,789.18		$	1,539.07	
Bridgetown	SF 75' - (1)	0	0.00	0.00	0.00		$	-	
Bridgetown	SF 75' - (2)	34	3,096.25	49,164.00	52,260.25		$	1,537.07	
Bridgetown	SF 75' - (3)	3	273.20	3,522.00	3,795.20		$	1,265.07	
Bridgetown	SF 75' - (4)	27	2,458.78	41,364.00	43,822.78		$	1,623.07	
Total		985	89,700	855,737	945,437			

SOMERSET					
	PRODUCT	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS		GROSS	
PARCEL	TYPE				ASSESSMENT		PER UNIT TOTAL	
Somerset	MF - (1)	43	10,694.27	21,414.00	32,108.27		$	746.70	
Somerset	MF - (2)	123	30,590.57	156,948.00	187,538.57		$	1,524.70	
Somerset	MF - (3)	27	6,715.00	27,135.00	33,850.00		$	1,253.70	
Somerset	MF - (4)	27	6,715.00	39,096.00	45,811.00		$	1,696.70	
Somerset	SF 55' - (1)	78	19,398.90	51,012.00	70,410.90		$	902.70	
Somerset	SF 55' - (2)	126	31,336.69	160,776.00	192,112.69		$	1,524.70	
Somerset	SF 55' - (3)	46	11,440.38	46,184.00	57,624.38		$	1,252.70	
Somerset	SF 67' - (1)	96	23,875.57	76,416.00	100,291.57		$	1,044.70	
Somerset	SF 67' - (2)	101	25,119.09	128,876.00	153,995.09		$	1,524.70	
Somerset	SF 67' - (3)	52	12,932.60	52,208.00	65,140.60		$	1,252.70	
Somerset	SF 67' - (4)	30	7,461.12	43,440.00	50,901.12		$	1,696.70	
Somerset	SF 67' - (5)	4	994.82	0.00	994.82		$	248.70	
Somerset	SF 75' - (1)	57	14,176.12	50,673.00	64,849.12		$	1,137.70	
Somerset	SF 75' - (2)	77	19,150.20	111,342.00	130,492.20		$	1,694.70	
Somerset	SF 75' - (3)	27	6,715.00	31,698.00	38,413.00		$	1,422.70	
Somerset	SF 75' - (4)	39	9,699.45	59,748.00	69,447.45		$	1,780.70	
Somerset	SF 75' - (5)	1	248.70	0.00	248.70		$	248.70	
Total		954	237,263	1,056,966	1,294,229			

(1) Full 2005A-2 Assessments and Paid Off 2006A-3 Assessments					
(2) Full 2005A-2 Assessments and Full 2006A-3 Assessments					
(3) Full 2005A-2 Assessments and Partial Buydown 2006A-3 Assessments					
(4) Full 2005A-2 Assessments, Full 2006A-3 Assessments and Full 2006A-2 Assessments					
(5) All Bonds Paid Off - Still Pay O&M					

Assessment Recap - Lennar Parcel
Fiscal Year 2026/2027 October 1, 2026 - September 30, 2027

 LENNAR PARCEL	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS	ON ROLL
UNITS	DIRECT BILL
UNITS	
Lennar	6 - plex	120	120	0	
Lennar	4 - plex	164	164	0	
Lennar	46' SF	62	62	0	
Lennar	52' SF	218	218	0	
Lennar	52' SF - (1)	1	1	0	
Lennar	67' SF	129	129	0	
Total		694	694	0	

WCI ON ROLL

PARCEL	PRODUCT
TYPE	ON ROLL
UNITS	O&M GROSS
ON ROLL	SERIES 2014 GROSS ON ROLL
A-1 & A-2 (Combined)	
Lennar	6 - plex	120	8,136.74	79,717.57	
Lennar	4 - plex	164	11,120.21	108,947.34	
Lennar	46' SF	62	4,203.98	51,190.69	
Lennar	52' SF	218	14,781.74	190,338.26	
Lennar	52' SF - (1)	1	67.81	0.00	
Lennar	67' SF	129	8,746.99	137,114.46	
Total		694	47,057	567,308	

	
$
$
$
$
$
$

732.12
732.12
893.47
940.92
67.81
1,130.71

ON ROLL GROSS PER UNIT TOTAL

WCI HOMES DIRECT BILL

PARCEL	PRODUCT
TYPE	DIRECT BILL
UNITS	O&M NET
DIRECT BILL	SERIES 2014 NET DIRECT BILL
A-1 & A-2 (Combined)	
Lennar	6 - plex	0	0.00	0.00	
Lennar	4 - plex	0	0.00	0.00	
Lennar	46' SF	0	0.00	0.00	
Lennar	52' SF	0	0.00	0.00	
Lennar	52' SF - (1)	0	0.00	0.00	
Lennar	67' SF	0	0.00	0.00	
Total		0	0	0	

(1) - Bonds paid off, still pay O&M

Arborwood Community Development District Assessment Recap - Other Parcels
Fiscal Year 2026/2027 October 1, 2026 - September 30, 2027

 OTHER PARCELS	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS / ACRES	ON ROLL
UNITS	DIRECT BILL
UNITS	

Somerset	
Golf Course	
116	
116	
0	
Treeline Apts	Neighborhood Retail	21	21	0	
Treeline Apts	Retail/ Commercial	11	11	0	
Fire Station	RE Office	2	0	2	
Total		151	148	2	
OTHER ON ROLL

PARCEL	PRODUCT
TYPE	ON ROLL
UNITS	O&M GROSS
ON ROLL	2018 GROSS
ON ROLL	TOTAL GROSS
ON ROLL	

Somerset	
Golf Course	
116	
67,887.32	
123,556.00	
191,443.32	
Treeline Apts	Neighborhood Retail	21	3,741.97	21,850.00	25,591.97	
Treeline Apts	Retail/ Commercial	11	2,239.75	11,900.00	14,139.75	
Fire Station	RE Office	0	0.00	0.00	0.00	
Total		148	73,869	157,306	231,175	

	
$
$
$
$

191,443.32
25,591.97
14,139.75
-

ON ROLL GROSS TOTAL

*	removed in 24 - debt pre paid and land sold to fire station

ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

$  287,529.00

Total Shared O&M Expenditures

Allocation of Expenditures and Assessment Per Unit

Tract	

Parcel	Allocation Per Parcel based on Gross Acreage	Assessment Per Unit	
		
B	
C	
D = B-C	
E	
F = A*D	
G = E/96%	
H	I = F/H	
J = I/96%	
		
Gross Acreage	Preserve and Lake
Acerage	
Net Acerage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units  Net Assmt per Unit	Gross Assmt per
Unit (If On Roll)	
1	Marina Bay & Botanica Lakes	560.38	207.90	352.48	26.62%	$	76,555	$	79,744	1,481 $	51.69	$	53.84	
2	Bridgetown	669.06	332.43	336.63	25.43%	$	73,112	$	76,158	985 $	74.23	$	77.32	
2	Somerset	817.73	481.41	336.32	25.40%	$	73,045	$	76,088	954 $	76.57	$	79.76	
2	Lennar	259.16	83.39	175.77	13.28%	$	38,175	$	39,766	694 $	55.01	$	57.30	
Total Residential Land Uses	2,306.33	1,105.13	1,201.20	90.73%	$	260,887	$	271,757	4,114		
2	Golf Course (part of Tract 2 )	116.23	20.00	96.23	7.27%	$	20,900	21,770.86		
3	Neighborhood Retail-Treeline Apts	21.06	4.52	16.54	1.25%	$	3,592	3,741.97		
4	Retail/ Commercial - Treeline Apts	11.19	1.29	9.90	0.75%	$	2,150	2,239.75		
5	RE Off-H-2/ Fire Station	-	-	-	0.00%	$	-	-	remove in 24 - debt pre paid and land sold to fire station	
Total Non-Residential Land Uses	148.48	25.81	122.67	9.27%	$	26,642	$	27,753		
Grand Total (Gross)	2,454.81	1,130.94	1,323.87	100.00%	$	287,529	$	299,509		

$  199,000.00

Total -Somerset Only- O&M Expenditures

Tract	
Parcel	
Gross Acreage	Preserve and Lake
Acerage	
Net Acerage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per
Unit (If On Roll)	
2	Somerset	817.73	481.41	336.32	77.75%	$	154,728	$	161,175	954	$	162.19	$	168.95	
2	Golf Course (part of Tract 2)	116.23	20.00	96.23	22.25%	$	44,272	$	46,116		
Totals	
933.96	
501.41	
432.55	
100.00%	
$	199,000	
$	207,292		

$	7,000.00

Total -Parcel C Only O&M Expenditures

Tract		
Parcel	
Gross Acreage	Preserve and Lake
Acerage	
Net Acerage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per
Unit (If On Roll)	
2	Lennar	259.16	83.39	175.77	100.00%	$	7,000	$	7,292	694	$	10.09	$	10.51	

$	13,000.00

Total -Bridgetown Only O&M Expenditures

Tract		
Parcel	
Gross Acreage	Preserve and Lake
Acerage	
Net Acerage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per
Unit (If On Roll)	
2	Bridgetown	669.06	332.43	336.63	100.00%	$	13,000	$	13,542	985	$	13.20	$	13.75	

Net 2014 A1 & A2 Principal & Interest
Payment Due:	
Net Total MADs	
% Difference	
$	544,616.00	$	597,254.69	91.187%	

*

Parcel - Product Type	

Planned Units	

Platted Units ON
Roll	
Per Unit ERU Multiplied by
Net Due Grossed up = Assmt/Plttd.
Unit	

Assessments
Platted	

OFF Roll	
LENNAR - 6 - Plex	120	120	$	664.31	$	79,717.57	$	-	
LENNAR - 4 - Plex	164	164	$	664.31	$  108,947.34	$	-	
LENNAR - 46' Single Family	62	62	$	825.66	$	51,190.69	$	-	
LENNAR - 52' Single Family	218	218	$	873.11	$  190,338.26	$	-	
LENNAR - 52' Single Family - (1)	1	1	$	-	$	-	$	-	
LENNAR - 67' Single Family	129	129	$	1,062.90	$  137,114.46	$	-	
						
Grand Total	694	694		$  567,308.33	$	-	

Per Unit ERUs
from Methodology	

Category Total using ERUs and Lot Count from Methodology	

Category % of ERUs Total = % of
Bond
Assessment	
0.70	84.00	14.0520%	
0.70	114.80	19.2044%	
0.87	53.94	9.0234%	
0.92	200.56	33.5508%	
0.00	0.00	0.0000%	
1.12	144.48	24.1694%	
			
	597.78	100.0000%	

 Net Total MADs adjusted for Bond Prpayments 
Note: ERU's and Planned Units come directly from the Series 2014 Bond Methodology.

Gross MADs when all platted	
$2,632,565	

GRAND TOTAL	2,632,565	0	2,632,565

Parcel - Product Type	

Planned Units	

Platted Units
ON Roll	

Gross Annual
M.A.D	
Total Assessments
Platted	

OFF Roll Net	
						
Marina Bay & Botanica Lakes - Villa / Townhome	240	240	297	71,280	0	
Marina Bay & Botanica Lakes - Single Family 40'	365	365	373	136,145	0	
Marina Bay & Botanica Lakes - Single Family 40' - PO	2	2	0	0	0	
Marina Bay & Botanica Lakes - Single Family 45'	269	269	390	104,910	0	
Marina Bay & Botanica Lakes - Single Family 45' / Villa *	6	6	390	2,340	0	
Marina Bay & Botanica Lakes - Single Family 45' -PO	1	1	0	0	0	
Marina Bay & Botanica Lakes - Single Family 52'	564	564	413	232,932	0	
Marina Bay & Botanica Lakes - Single Family 52' - PO	1	1	0	0	0	
Marina Bay & Botanica Lakes - Single Family 62'	33	33	453	14,949	0	

Subtotal Marina Bay & Botanica Lakes Parcels	
1,481	
1,481		
562,556	
0	
						
Bridgetown - Multi Family and Twin Villas - (2)	66	66	1,276	84,216	0	
Bridgetown - Multi Family and Twin Villas - (3)	36	36	1,005	36,180	0	
Bridgetown - Single Family 42' - (1)	185	185	488	90,280	0	
Bridgetown - Single Family 42' - (3)	39	39	1,005	39,195	0	
Bridgetown - Single Family 42' - (5)	1	1	0	0	0	
Bridgetown - Single Family 55' - (1)	230	230	654	150,420	0	
Bridgetown - Single Family 55' - (2)	0	0	1,276	0	0	
Bridgetown - Single Family 55' - (3)	71	71	1,004	71,284	0	
Bridgetown - Single Family 55' - (5)	2	2	0	0	0	
Bridgetown - Single Family 67' - (1)	130	130	796	103,480	0	
Bridgetown - Single Family 67' - (2)	38	38	1,276	48,488	0	
Bridgetown - Single Family 67' - (3)	90	90	1,004	90,360	0	
Bridgetown - Single Family 67' - (4)	33	33	1,448	47,784	0	
Bridgetown - Single Family 75' - (1)	0	0	889	0	0	
Bridgetown - Single Family 75' - (2)	34	34	1,446	49,164	0	
Bridgetown - Single Family 75' - (3)	3	3	1,174	3,522	0	
Bridgetown - Single Family 75' - (4)	27	27	1,532	41,364	0	

Subtotal Bridgetown Parcels	
985	
985		
855,737	
0	
						
Somerset - Multi Family and Twin Villas - (1)	43	43	498	21,414	0	
Somerset - Multi Family and Twin Villas - (2)	123	123	1,276	156,948	0	
Somerset - Multi Family and Twin Villas - (3)	27	27	1,005	27,135	0	
Somerset - Multi Family and Twin Villas - (4)	27	27	1,448	39,096	0	
Somerset - Single Family 55' - (1)	78	78	654	51,012	0	
Somerset - Single Family 55' - (2)	126	126	1,276	160,776	0	
Somerset - Single Family 55' - (3)	46	46	1,004	46,184	0	
Somerset - Single Family 67' - (1)	96	96	796	76,416	0	
Somerset - Single Family 67' - (2)	101	101	1,276	128,876	0	
Somerset - Single Family 67' - (3)	52	52	1,004	52,208	0	
Somerset - Single Family 67' - (4)	30	30	1,448	43,440	0	
Somerset - Single Family 67' - (5)	4	4	0	0	0	
Somerset - Single Family 75' - (1)	57	57	889	50,673	0	
Somerset - Single Family 75' - (2)	77	77	1,446	111,342	0	
Somerset - Single Family 75' - (3)	27	27	1,174	31,698	0	
Somerset - Single Family 75' - (4)	39	39	1,532	59,748	0	
Somerset - Single Family 75' - (5)	1	1	0	0	0	

Subtotal Somerset Parcels	
954	
954		
1,056,966	
0	

Total Residential Units Parcels	
3,420	
3,420		
2,475,259	
0	

Category Total MADs from Methodology	
	
71,280	
136,145	
0	
104,910	
2,340	
0	
232,932	
0	
14,949	

84,216	
36,180	
90,280	
39,195	
0	
150,420	
0	
71,284	
0	
103,480	
48,488	
90,360	
47,784	
0	
49,164	
3,522	
41,364	

21,414	
156,948	
27,135	
39,096	
51,012	
160,776	
46,184	
76,416	
128,876	
52,208	
43,440	
0	
50,673	
111,342	
31,698	
59,748	
0	
	
123,556	
21,850	
11,900	
0	

Other Land Uses					
GOLF COURSE	1	1	123,556	123,556	
Treeline Apartments (Neighborhood Retail)	1	1	21,850	21,850	
Treeline Apartments (Retail / Commercial)	1	1	11,900	11,900	
Fire Station (No Longer Assessed)	1	1	0	0	
Other Land UseTotal				157,306	

Full 2005A-2 Assessments and Paid Off 2006A-3 Assessments
Full 2005A-2 Assessments and Full 2006A-3 Assessments
Full 2005A-2 Assessments and Partial Buydown 2006A-3 Assessments
Full 2005A-2 Assessments, Full 2006A-3 Assessments and Full 2006A-2 Assessments
All Bonds Paid Off - Still Pay O&M

* The District’s methodology allocates assessments based on the size of the lot, not the structure constructed on the lot size. As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45’ lots and are allocated assessments based on the lot.

Arborwood Community Development District On Roll Assessment Comparsion
Fiscal Year 2026/2027 October 1, 2026 - September 30, 2027

	Gross	Gross	
	Product	Fiscal Year 2025/2026	Fiscal Year 2026/2027	
Parcel	Type	On Roll Assessment Per Unit	On Roll Assessment Per Unit	

GL Homes				
Marina Bay & Botanica Lakes  Villa / Townhome	$353.42	$350.84	
Marina Bay & Botanica Lakes  40' SF	$429.42	$426.84	
Marina Bay & Botanica Lakes  40' SF - PO	$56.42	$53.84	
Marina Bay & Botanica Lakes  45' SF	$446.42	$443.84	
Marina Bay & Botanica Lakes  45' SF / Villa *	$446.42	$443.84	
Marina Bay & Botanica Lakes  45' SF - PO	$56.42	$53.84	
Marina Bay & Botanica Lakes  52' SF	$469.42	$466.84	
Marina Bay & Botanica Lakes  52' SF - PO	$56.42	$53.84	
arina Bay & Botanica Lake62' SF	$509.42	$506.84	
* The District’s methodology allocates assessments based on the size of the lot, not the structure constructed on the lot
size. As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45’ lots and are
allocated assessments based on the lot.	
Pulte					
	Bridgetown	MF - (2)	$1,370.77	$1,367.07	
	Bridgetown	MF - (3)	$1,099.77	$1,096.07	
	Bridgetown	SF 42' - (1)	$582.77	$579.07	
	Bridgetown	SF 42' - (3)	$1,099.77	$1,096.07	
	Bridgetown	SF 42' - (5)	$94.77	$91.07	
	Bridgetown	SF 55' - (1)	$748.77	$745.07	
	Bridgetown	SF 55' - (2)	$0.00	$0.00	
	Bridgetown	SF 55' - (3)	$1,098.77	$1,095.07	
	Bridgetown	SF 55' - (5)	$94.77	$91.07	
	Bridgetown	SF 67' - (1)	$890.77	$887.07	
	Bridgetown	SF 67' - (2)	$1,370.77	$1,367.07	
	Bridgetown	SF 67' - (3)	$1,098.77	$1,095.07	
	Bridgetown	SF 67' - (4)	$1,542.77	$1,539.07	
	Bridgetown	SF 75' - (1)	$0.00	$0.00	
	Bridgetown	SF 75' - (2)	$1,540.77	$1,537.07	
	Bridgetown	SF 75' - (3)	$1,268.77	$1,265.07	
	Bridgetown	SF 75' - (4)	$1,626.77	$1,623.07	
	Somerset	MF - (1)	$748.82	$746.70	
	Somerset	MF - (2)	$1,526.82	$1,524.70	
	Somerset	MF - (3)	$1,255.82	$1,253.70	
	Somerset	MF - (4)	$1,698.82	$1,696.70	
	Somerset	SF 55' - (1)	$904.82	$902.70	
	Somerset	SF 55' - (2)	$1,526.82	$1,524.70	
	Somerset	SF 55' - (3)	$1,254.82	$1,252.70	
	Somerset	SF 67' - (1)	$1,046.82	$1,044.70	
	Somerset	SF 67' - (2)	$1,526.82	$1,524.70	
	Somerset	SF 67' - (3)	$1,254.82	$1,252.70	
	Somerset	SF 67' - (4)	$1,698.82	$1,696.70	
	Somerset	SF 67' - (5)	$250.82	$248.70	
	Somerset	SF 75' - (1)	$1,139.82	$1,137.70	
	Somerset	SF 75' - (2)	$1,696.82	$1,694.70	
	Somerset	SF 75' - (3)	$1,424.82	$1,422.70	
	Somerset	SF 75' - (4)	$1,782.82	$1,780.70	
	Somerset	SF 75' - (5)	$250.82	$248.70	

Lennar

Full 2005A-2 Assessments and Paid Off 2006A-3 Assessments
Full 2005A-2 Assessments and Full 2006A-3 Assessments
Full 2005A-2 Assessments and Partial Buydown 2006A-3 Assessments
Full 2005A-2 Assessments, Full 2006A-3 Assessments and Full 2006A-2 Assessments
All Bonds Paid Off - Still Pay O&M

Lennar Lennar Lennar
Lennar
Lennar

6 - Plex
4 - Plex
46' SF
52' SF
67' SF

$733.19
$733.19
$894.13
$941.46
$1,130.78

$732.12
$732.12
$893.47
$940.92
$1,130.71

Others
Somerset	Golf Course	$192,021.71	$191,443.32	
Treeline Apartments	Neighborhood Retail	$25,771.05	$25,591.97	
Treeline Apartments	Retail/ Commercial	$14,246.94	$14,139.75	
Fire Station	RE Office	$0.00	$0.00	

April Update-05/05/2026

Lake Water Quality	Correction to last month’s report. It was noted that the April water samples were received; it was March water samples that were received.
Waiting for the April water sample results and will issue once received.	
Lake Doctor Monthly Summary	Lakes were treated for invasive aquatic weeds and chara
Dye added to lake 10 to help suppress unwanted vegetation and algae growth
No submerged plant growth observed
Commented on the water levels rising
Commented the lakes are very healthy
Commented beneficial plants are coming in and looking good	
Lake Bank Conditions	Received Lake Bank and Storm Drain reports. Working on obtaining quotes to repair lake bank erosion and storm pipe cleaning.	
Preserves	Received a couple of owner concerns that will be issued to CDD for removal or topping of concerned trees	
Resident Requests	None to report	
Other Updates	None to report	
.

	Oct 25 - Apr 26		25/26 Budget		$ Over Budget		% of Budget	
Revenue								
O & M Assessments	533,390.07		539,884.00		-6,493.93		98.8%	
Debt Assessments (2018)	2,600,879.05		2,633,569.00		-32,689.95		98.76%	
Debt Assessments (2014A-1)	507,241.85		513,421.00		-6,179.15		98.8%	
Debt Assessments (2014A-2)	51,817.60		52,459.00		-641.40		98.78%	
Debt Assess-Pd To Trustee-2018	-2,494,162.75		-2,528,226.00		34,063.25		98.65%	
Debt Asses-Pd To Trustee-2014A1	-486,429.50		-492,885.00		6,455.50		98.69%	
Debt Asses-Pd To Trustee-2014A2	-49,691.70		-50,360.00		668.30		98.67%	
Assessment Fees	-11,715.00		-10,000.00		-1,715.00		117.15%	
Assessment Discounts	-139,825.62		-149,573.00		9,747.38		93.48%	
Carryover Balance	0.00		17,000.00		-17,000.00		0.0%	
Total Income	511,504.00		525,289.00		-13,785.00		97.38%	
Expense								
Payroll Tax Expense	367.20		880.00		-512.80		41.73%	
Supervisor Fees	4,800.00		11,000.00		-6,200.00		43.64%	
Engineering	21,570.95		50,000.00		-28,429.05		43.14%	
Management Fees	24,549.00		42,084.00		-17,535.00		58.33%	
Website Management	1,166.62		2,000.00		-833.38		58.33%	
Legal Fees	4,518.11		19,000.00		-14,481.89		23.78%	
Assessment/Tax Roll	0.00		5,000.00		-5,000.00		0.0%	
Audit Fees	0.00		5,450.00		-5,450.00		0.0%	
Arbitrage Rebate Fee	0.00		1,000.00		-1,000.00		0.0%	
Amortization Schedule Fee	0.00		500.00		-500.00		0.0%	
Insurance	6,998.00		13,000.00		-6,002.00		53.83%	
Legal Advertisements	1,394.42		5,250.00		-3,855.58		26.56%	
Miscellaneous	2,043.66		3,200.00		-1,156.34		63.86%	
Postage and Delivery	164.20		1,125.00		-960.80		14.6%	
Office Supplies	1,130.55		2,275.00		-1,144.45		49.7%	
Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	

Trustee Fees	12,738.75		22,500.00		-9,761.25		56.62%	
Continuing Disclosure Fee	0.00		3,000.00		-3,000.00		0.0%	
Professional Fee & Permits	0.00		1,250.00		-1,250.00		0.0%	
Treeline Preserve Maint-Exotics	0.00		0.00		0.00		0.0%	
DRI / Traffic Monitoring	15,300.00		5,000.00		10,300.00		306.0%	
Environmentl Consulting-Passarella	9,651.25		23,000.00		-13,348.75		41.96%	
Panther Mitigation Mnt-Exotics	40,000.00		80,000.00		-40,000.00		50.0%	
Field Inspector - Somerset Only	14,519.12		25,500.00		-10,980.88		56.94%	
Lake Maintenance-Somerset Only	29,065.82		50,000.00		-20,934.18		58.13%	
Preserve Maint - Somerset Only	9,000.00		37,000.00		-28,000.00		24.32%	
Flowway Maintenance	0.00		10,600.00		-10,600.00		0.0%	
Preserve Maint (Parcel C Only)	0.00		7,000.00		-7,000.00		0.0%	
Lake Bank Erosion Mte(Somerset)	0.00		47,000.00		-47,000.00		0.0%	
Strmwtr Drains Ins/MTE-Somerset	44,332.50		30,000.00		14,332.50		147.78%	
Strmwtr Drains Ins (Bridgetown)	6,720.00		6,500.00		220.00		103.39%	
Lake Bank Inspection-Somerset	0.00		7,500.00		-7,500.00		0.0%	
Lake Bank Inspection-Bridgetown	0.00		6,500.00		-6,500.00		0.0%	
Capital Outlay - Small	0.00		1,000.00		-1,000.00		0.0%	
Total Expenditures	250,205.15		525,289.00		-275,083.85		47.63%	
Net Revenue		261,298.85			0.00			261,298.85			100.0%	

Bridgetown Balance As Of 10/1/25	$	12,640.62	
Somerset Balance As Of 10/1/25	$	27,275.68	

Bridgetown Activity: 10/1/25 - 4/30/26	$	6,280.00	
Somerset Activity: 10/1/25 - 4/30/26	$	100,082.56	
		
Bridgetown Balance As Of 4/30/26	$	18,920.62	
Somerset Balance As Of 4/30/26	$	127,358.24	

Bank Balance As Of 4/30/26	$	927,549.00	
Accounts Payable As Of 4/30/26	$	136,326.79	
Other Assets As Of 4/30/26	$	-	
Total Fund Balance As Of 4/30/26	$	791,222.21	

Series 2014A-1 Bond Balance As Of 4/30/26	$	3,785,000.00	
Series 2014A-2 Bond Balance As Of 4/30/26	$	420,000.00	
Series 2018A-1 Bond Balance As Of 4/30/26	$	16,360,000.00	
Series 2018A-2 Bond Balance As Of 4/30/26	$	5,670,000.00	
Total Bond Balance As Of 4/30/26	$	26,235,000.00