Tapestry

Community Development District

Adopted Budget
FY 2027

Presented by:

Table of Contents

1-2

3-5

6

7

General Fund

Narratives

Debt Service Fund Series 2016

Amortization Schedule

8	Assessment Comparison

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2026	5/31/26		4 Months		9/30/26	FY 2027	

REVENUES:						
Special Assessments - On Roll	$	203,354	$	202,925	$	429	$	203,354	$	203,354	
Interest income	$	10,000	$	24,048	$	4,509	$	28,557	$	10,000	
Carry Forward Surplus *	$	74,274	$	880,642	$	-	$	880,642	$	79,224	
TOTAL REVENUES	$ 287,628	$ 1,107,614	$	4,938	$	1,112,552	$  292,578	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	4,000	$	1,200	$	800	$	2,000	$	4,000	
FICA Expense	$	153	$	61	$	61	$	122	$	153	
Engineering	$	10,000	$	550	$	2,000	$	2,550	$	10,000	
Attorney	$	12,000	$	3,260	$	2,000	$	5,260	$	12,000	
Annual Audit	$	3,800	$	3,560	$	-	$	3,560	$	3,700	
Assessment Administration	$	2,783	$	2,783	$	-	$	2,783	$	2,922	
Arbitrage Rebate	$	450	$	-	$	450	$	450	$	450	
Dissemination Agent	$	3,785	$	2,523	$	1,262	$	3,785	$	3,974	
Trustee Fees	$	3,850	$	3,500	$	-	$	3,500	$	3,850	
Management Fees	$	45,000	$	30,000	$	15,000	$	45,000	$	47,250	
Information Technology	$	1,298	$	865	$	433	$	1,298	$	1,363	
Website Maintenance	$	865	$	577	$	288	$	865	$	908	
Telephone	$	300	$	-	$	150	$	150	$	300	
Postage & Delivery	$	800	$	471	$	236	$	707	$	800	
Insurance General Liability	$	10,017	$	8,121	$	-	$	8,121	$	8,933	
Printing & Binding	$	200	$	33	$	40	$	73	$	200	
Legal Advertising	$	2,500	$	571	$	200	$	771	$	2,500	
Other Current Charges	$	2,000	$	377	$	232	$	609	$	2,000	
Office Supplies	$	500	$	1	$	20	$	21	$	500	
Property Appraiser	$	600	$	930	$	-	$	930	$	930	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
TOTAL ADMINISTRATIVE	$ 105,075	$	59,558	$	23,172	$	82,729	$  106,909	

Description	Adopted Budget
FY2026	Actuals Thru
5/31/26	Projected Next
	4 Months		Projected Thru
9/30/26	Adopted Budget
FY 2027	

Operations & Maintenance						
Field Expenditures						
Field Management	$	16,223	$	10,815	$	5,408	$	16,223	$	17,034	
Property Insurance	$	4,000	$	1,374	$	-	$	1,374	$	1,305	
Landscape Maintenance	$	50,400	$	32,000	$	16,000	$	48,000	$	50,400	
Landscape Contingency	$	17,000	$	6,751	$	3,000	$	9,751	$	21,503	
Lake Maintenance	$	9,327	$	5,512	$	2,756	$	8,268	$	9,327	
Stormwater Maintenance	$	20,000	$	1,565	$	3,000	$	4,565	$	20,000	
Wetland Maintenance	$	4,600	$	-	$	2,300	$	2,300	$	4,600	
General Repairs & Maintenance	$	11,000	$	-	$	5,500	$	5,500	$	11,000	
Midge Management	$	39,375	$	25,939	$	12,969	$	38,908	$	40,500	
Contingency	$	10,628	$	-	$	2,500	$	2,500	$	10,000	
TOTAL FIELD EXPENDITURES	$ 182,553	$	83,957	$	53,433	$	137,390	$  185,669	
						
TOTAL EXPENDITURES	$ 287,628	$	143,515	$	76,605	$	220,120	$  292,578	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	964,100	$	(71,667)	$	892,433	$	-	

* Actuals represent fund balance less 1st quarter operating	
reserves.			
Net Assessments	
$	203,354	
Add: Discounts & Collection  $		12,980  Gross Assessments  $	216,334 	

Product Type	
Units	
ERU	Total
ERU	Gross O&M
Per Unit	Net O&M
Per Unit	
Townhouse	304	0.6	182	$	133.66	$	125.64	
Single-Family 40'	337	0.9	303	$	200.49	$	188.47	
Single-Family 45'	101	1.0	101	$	222.77	$	209.41	
Single-Family 50'	249	1.1	274	$	245.05	$	230.35	
Single-Family 60'	85	1.3	111	$	289.60	$	272.23	
	1076		971			

REVENUES:

Special Assessments-Tax Roll
The District will levy a Non-Ad Valorem assessment on platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures:

Administrative:
Supervisors Fees
Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.
FICA Expense
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, Hanson, Walter, & Associates, provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.
Attorney

The District's legal counsel, Kutak Rock LLP, provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit
The District is required by Florida Statutes to arrange for an independent audit of its financial records by an Independent Certified Public Accounting firm. The District has contracted with DiBartolomeo, McBee, Hartley, & Barnes, P.A.
Assessment Roll Administration
The District has contracted with Governmental Management Services-Central Florida LLC to levy and administer the collection of non-ad valorem assessments on all assessable property within the District.
Arbitrage Rebate
The District has contracted with AMTEC to annually calculate the District’s Arbitrage Rebate Liability on the Series 2016 Special Assessment Revenue Bonds.
Dissemination Agent
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 its Series 2016 Special Assessment Revenue Bonds.
Trustee Fees
The District has issued the Series 2016 Special Assessment Revenue Bonds with fees relating to the Trustee at Regions Bank.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services - Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.
Information Technology

Represents various cost of information technology with Governmental Management Services - Central Florida LLC for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.
Website Maintenance

Represents the costs with Governmental Management Services – Central Florida, LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone
Telephone and fax machine.
Postage and Delivery
Actual postage and/or freight used for District mailings including vendor checks and other correspondence.
Insurance
The District's General Liability & Public Officials Liability Insurance policy will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Printing and Binding
Printing board materials, printing of computerized checks, stationery, envelopes etc.
Legal Advertising
The District is required to advertise various notices for 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
The District incurs charges for office supplies that need to be purchased during the fiscal year.
Property Appraiser
Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Operations & Maintenance:

Field Management

The District has contracted with Governmental Management Services-Central Florida, LLC to provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, attend Board meetings and receive and respond to property owner phone calls and emails.
Property Insurance
The District’s property insurance coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Landscape Maintenance
The District has contracted with Blade Runners Commercial Landscaping to provide monthly landscape services to common areas overseen by the District.
Description	Monthly	Annual	
Landscaping Maintenance	$4,200	$50,400	
Landscape Contingency
Represents estimated costs for any additional landscape expenditure not covered under the monthly landscape maintenance contract.

Lake Maintenance
The District has contracted with Applied Aquatic Management, Inc. to schedule inspections and treatments of aquatic weeds and algae within CDD lakes.
Description	Monthly	Annual	
Lake Maintenance - 5 Lakes
Contingency	$740	$8,883
$444	
	Total	$9,327	
Stormwater Maintenance
The District will incur costs related to maintaining the storm water systems. The amount is based on estimated costs.
Wetland Maintenance
The District will incur costs related to maintaining the wetlands located within its boundaries. The amount is based on estimated costs.
Description	Quarterly	Annual	
Wetland Maintenance	$1,150	$4,600	
Plant Replacement
Represents estimated costs related to the possible replacement of landscaping needed throughout the fiscal year.
General Repairs & Maintenance
Represents estimated costs related to repairs and maintenance across commons areas in the District boundaries.
Midge Management
Represents the contracted monthly fee for Midge Management with Clarke Environmental.
Description	Monthly	Annual	
Midge Maintenance	$3,375	$40,500	

Contingency
Represents any additional field expense that may not have been provided for in the budget.

Adopted Budget
Debt Service Series 2016 Special Assessment Revenue Bonds

Adopted Budget
FY2026

Actuals Thru	Projected Next	Projected Thru
5/31/26

Description

	4 Months	

9/30/26

Adopted Budget
FY 2027

REVENUES:

Special Assessments-On Roll Interest Earnings
Carry Forward Surplus (1)	$	465,237
$	17,993
$	314,879	$	464,309
$	22,223
$	323,695	$	929
$	6,000
$	-	$	465,237
$	28,223
$	323,695	$	465,237
$	14,111
$	351,630	
TOTAL REVENUES	$	798,110	$	810,226	$	6,929	$	817,155	$	830,978	

EXPENDITURES:						
Interest - 11/1 Interest - 5/1 Principal - 5/1	$	147,763
$	147,763
$	170,000	$	147,763
$	147,763
$	170,000	$	-
$	-
$	-	$	147,763
$	147,763
$	170,000	$	144,150
$	144,150
$	180,000	
TOTAL EXPENDITURES	$	465,525	$	465,525	$	-	$	465,525	$	468,300	
						
EXCESS REVENUES (EXPENDITURES)	$	332,585	$	344,701	$	6,929	$	351,630	$	362,678	

 Interest 11/1/27 

Net Assessments	
$	139,830 

$	465,237	
Add: Discounts & Collection	$	29,696	
Gross Assessments	$	494,933	

Product Type	
Units	
ERU	Total
ERU	Gross Debt
Per Unit	Net Debt
Per Unit	
Townhouse	304	0.6	182	$	306.61	$	287.45	
Single-Family 40'	337	0.9	303	$	459.92	$	431.17	
Single-Family 45'	101	1.0	101	$	511.02	$	479.08	
Single-Family 50'	249	1.1	274	$	562.12	$	526.99	
Single-Family 60'	85	1.3	111	$	664.33	$	622.81	
	1076		971			

Tapestry Community Development District Series 2016 Special Assessment Bonds
Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	

11/01/25	
$	
6,025,000.00	
$	
-	
$	
147,762.50	
$	
458,925.00	
05/01/26	$	6,025,000.00	$	170,000.00	$	147,762.50			
11/01/26	$	5,855,000.00	$	-	$	144,150.00	$	461,912.50	
05/01/27	$	5,855,000.00	$	180,000.00	$	144,150.00			
11/01/27	$	5,675,000.00	$	-	$	139,830.00	$	463,980.00	
05/01/28	$	5,675,000.00	$	185,000.00	$	139,830.00			
11/01/28	$	5,490,000.00	$	-	$	135,390.00	$	460,220.00	
05/01/29	$	5,490,000.00	$	195,000.00	$	135,390.00			
11/01/29	$	5,295,000.00	$	-	$	130,710.00	$	461,100.00	
05/01/30	$	5,295,000.00	$	205,000.00	$	130,710.00			
11/01/30	$	5,090,000.00	$	-	$	125,790.00	$	461,500.00	
05/01/31	$	5,090,000.00	$	215,000.00	$	125,790.00			
11/01/31	$	4,875,000.00	$	-	$	120,630.00	$	461,420.00	
05/01/32	$	4,875,000.00	$	225,000.00	$	120,630.00			
11/01/32	$	4,650,000.00	$	-	$	115,230.00	$	460,860.00	
05/01/33	$	4,650,000.00	$	235,000.00	$	115,230.00			
11/01/33	$	4,415,000.00	$	-	$	109,590.00	$	459,820.00	
05/01/34	$	4,415,000.00	$	250,000.00	$	109,590.00			
11/01/34	$	4,165,000.00	$	-	$	103,590.00	$	463,180.00	
05/01/35	$	4,165,000.00	$	260,000.00	$	103,590.00			
11/01/35	$	3,905,000.00	$	-	$	97,350.00	$	460,940.00	
05/01/36	$	3,905,000.00	$	275,000.00	$	97,350.00			
11/01/36	$	3,630,000.00	$	-	$	90,750.00	$	463,100.00	
05/01/37	$	3,630,000.00	$	285,000.00	$	90,750.00			
11/01/37	$	3,345,000.00	$	-	$	83,625.00	$	459,375.00	
05/01/38	$	3,345,000.00	$	300,000.00	$	83,625.00			
11/01/38	$	3,045,000.00	$	-	$	76,125.00	$	459,750.00	
05/01/39	$	3,045,000.00	$	315,000.00	$	76,125.00			
11/01/39	$	2,730,000.00	$	-	$	68,250.00	$	459,375.00	
05/01/40	$	2,730,000.00	$	335,000.00	$	68,250.00			
11/01/40	$	2,395,000.00	$	-	$	59,875.00	$	463,125.00	
05/01/41	$	2,395,000.00	$	350,000.00	$	59,875.00			
11/01/41	$	2,045,000.00	$	-	$	51,125.00	$	461,000.00	
05/01/42	$	2,045,000.00	$	370,000.00	$	51,125.00			
11/01/42	$	1,675,000.00	$	-	$	41,875.00	$	463,000.00	
05/01/43	$	1,675,000.00	$	390,000.00	$	41,875.00			
11/01/43	$	1,285,000.00	$	-	$	32,125.00	$	464,000.00	
05/01/44	$	1,285,000.00	$	405,000.00	$	32,125.00			
11/01/44	$	880,000.00	$	-	$	22,000.00	$	459,125.00	
05/01/45	$	880,000.00	$	430,000.00	$	22,000.00			
11/01/45	$	450,000.00	$	-	$	11,250.00	$	463,250.00	
05/01/46	$	450,000.00	$	450,000.00	$	11,250.00	$	461,250.00	
			$	6,775,000.00	$	5,225,282.50	$	12,000,282.50	

Tapestry
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	O&M Units	Bonds 2016
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

Townhouse	

304	

304	

$	133.66	

$	133.66	

$	-	

$	305.80	

$	305.80	

$	-	

$	439.46	

$	439.46	

$	-	
Single-Family 40'	337	337	$	200.49	$	200.49	$	-	$	458.70	$	458.70	$	-	$	659.19	$	659.19	$	-	
Single-Family 45'	101	101	$	222.77	$	222.77	$	-	$	509.66	$	509.66	$	-	$	732.43	$	732.43	$	-	
Single-Family 50'	249	249	$	245.05	$	245.05	$	-	$	560.63	$	560.63	$	-	$	805.68	$	805.68	$	-	
Single-Family 60'	85	85	$	289.60	$	289.60	$	-	$	662.56	$	662.56	$	-	$	952.17	$	952.17	$	-	
Total	1076	1076					Adopted Budget	

Townhouse	

304	

304	

$ 40,633.64	

$ 40,633.64	

$	-	

$ 92,962.45	

$ 92,962.45	

$	-	

$ 133,596.10	

$ 133,596.10	

$	-	
Single-Family 40'	337	337	$ 67,566.80	$ 67,566.80	$	-	$ 154,580.66	$ 154,580.66	$	-	$ 222,147.46	$ 222,147.46	$	-	
Single-Family 45'	101	101	$ 22,499.99	$ 22,499.99	$	-	$ 51,475.92	$ 51,475.92	$	-	$ 73,975.91	$ 73,975.91	$	-	
Single-Family 50'	249	249	$ 61,017.29	$ 61,017.29	$	-	$ 139,596.58	$ 139,596.58	$	-	$ 200,613.88	$ 200,613.88	$	-	
Single-Family 60'	85	85	$ 24,616.32	$ 24,616.32	$	-	$ 56,317.72	$ 56,317.72	$	-	$ 80,934.04	$ 80,934.04	$	-	
	1076	1076										

Gross Assessments			

$ 216,334.04	

$ 216,334.04	

$	-	

$ 494,933.33	

$ 494,933.33	

$	-	

$ 711,267.38	

$ 711,267.38	

$	-	
Less: Discount	4.00%		$	8,653.36	$	8,653.36	$	-	$ 19,797.33	$ 19,797.33	$	-	$ 28,450.69	$ 28,450.69	$	-	
Less: Commission fees	2.00%		$	4,326.68	$	4,326.68	$	-	$	9,898.67	$	9,898.67	$	-	$ 14,225.35	$ 14,225.35	$	-	
Net Assessments	$ 203,354.00	$ 203,354.00	$	-	$ 465,237.33	$ 465,237.33	$	-	$ 668,591.34	$ 668,591.34	$	-