Landings at Miami	
Community Development District	

Proposed Budget	
FY 2027	

Table of Contents

1		General Fund	

2-3	
	Narratives	

4	
	Debt Service Fund Series 2018	

5	
	Series 2018 Amortization Schedule	

6	
	Debt Service Fund Series 2020	

7	
	Series 2020 Amortization Schedule	

8	
	Assessment Schedule	

Landings at Miami	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:						
Special Assessments - On Roll	$	82,448	$81,549	$899	$82,448	$103,505	
Interest income	2,700	2,428	2,428	4,857	2,700	
Carry Forward Surplus	10,714	10,714	-	10,714	-	
TOTAL REVENUES	$95,862	$94,692	$3,327	$98,019	$106,205	

EXPENDITURES:

Administrative						
Supervisor Fees	$3,000	$400	$1,800	$2,200	$3,000	
FICA Taxes	230	31	138	168	230	
Engineering	5,000	-	2,500	2,500	5,000	
Attorney	14,000	3,436	4,810	8,246	16,100	
Annual Audit	4,500	3,570	-	3,570	4,500	
Assessment Administration	2,000	2,000	-	2,000	2,000	
Arbitrage Rebate	1,100	550	550	1,100	1,100	
Dissemination Agent	2,862	1,431	1,431	2,862	3,063	
Trustee Fees	4,500	8,331	-	8,331	9,000	
Management Fees	32,872	16,436	16,436	32,872	35,173	
Telephone	25	-	13	13	25	
Website Maintenance	1,200	600	600	1,200	1,284	
Postage & Delivery	350	13	175	188	350	
Insurance General Liability/Property	20,691	19,094	-	19,094	21,000	
Printing & Binding	358	8	179	187	356	
Legal Advertising	1,500	-	1,500	1,500	1,500	
Other Current Charges	1,000	466	466	931	1,000	
Office Supplies	50	0	25	25	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Contingencies	450	-	225	225	1,300	

TOTAL ADMINISTRATIVE	$95,862	$56,541	$30,847	$87,388	$106,205	

TOTAL EXPENDITURES	$95,862	$56,541	$30,847	$87,388	$106,205	

EXCESS REVENUES (EXPENDITURES)	$-	$38,151	$(27,520)	$10,631	$	0	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	108,953	
	(5,448)	
 $	103,505 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	168	$	29,574.72	$	176.04	$	221.00	$	44.96	
Townhomes	300	$	52,812.00	$	176.04	$	221.00	$	44.96	
TH	25	$	4,401.00	$	176.04	$	221.00	$	44.96	

Total	493	$  86,787.72	

Landings at Miami	
Community Development District	
Budget Narrative	

REVENUES	

Special Assessments-Tax 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	
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.	
Arbitrage Rebate	
The District is required to annually have an arbitrage rebate calculation on the District's Series 2016 Special Assessment Bonds. The District will contract with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.	
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.	

Landings at Miami	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	
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/Property
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 the Florida Department of Commerce for $175.
Contingencies
A contingency for any unanticipated and unscheduled cost to the District.	

Landings at Miami	
Community Development District	
Proposed Budget	
Debt Service Series 2018 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$730,861	$722,893	$7,968	$730,861	$730,861	
Interest Earnings	10,000	18,731	18,731	37,462	10,000	
Carry Forward Surplus (1)	671,487	671,167	-	671,167	718,781	

TOTAL REVENUES	$1,412,348	$1,412,791	$26,699	$1,439,490	$1,459,642	

EXPENDITURES:

Interest - 11/1	$240,381	$240,381	$-	$240,381	$235,328	
Principal - 11/1	245,000	245,000	-	245,000	260,000	
Interest - 5/1	235,328	-	235,328	235,328	229,966	

TOTAL EXPENDITURES	$720,709	$485,381	$235,328	$720,709	$725,294	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	

-	-	$-	

TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	

TOTAL EXPENDITURES	$720,709	$485,381	$235,328	$720,709	$725,294	

EXCESS REVENUES (EXPENDITURES)	$691,639	$927,410	$(208,629)	$718,781	$734,348	

Interest Due 11/1/27	$229,965.63	
Principal Due 11/1/27	$270,000.00	
		$499,965.63 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	769,328	
	(38,466) 	
 $	730,861 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	168	$  324,115.68	$	1,929.26	$	1,929.26	$	-	
Townhomes	300	$  445,212.00	$	1,484.04	$	1,484.04	$	-	
TH	0	$	-	$	-	$	-	$	-	

Total	468	$ 769,327.68	

Landings at Miami	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2018 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	10,110,000	4.125%	260,000	235,328		
05/01/27	9,850,000	4.125%	-	229,966	729,931.25	
11/01/27	9,850,000	4.125%	270,000	229,966		
05/01/28	9,580,000	4.125%	-	224,397	728,793.75	
11/01/28	9,580,000	4.125%	280,000	224,397		
05/01/29	9,300,000	4.625%	-	218,622	727,243.75	
11/01/29	9,300,000	4.625%	290,000	218,622		
05/01/30	9,010,000	4.625%	-	211,916	728,831.25	
11/01/30	9,010,000	4.625%	305,000	211,916		
05/01/31	8,705,000	4.625%	-	204,863	729,725.00	
11/01/31	8,705,000	4.625%	320,000	204,863		
05/01/32	8,385,000	4.625%	-	197,463	729,925.00	
11/01/32	8,385,000	4.625%	335,000	197,463		
05/01/33	8,050,000	4.625%	-	189,716	729,431.25	
11/01/33	8,050,000	4.625%	350,000	189,716		
05/01/34	7,700,000	4.625%	-	181,622	728,243.75	
11/01/35	7,700,000	4.625%	365,000	181,622		
05/01/35	7,335,000	4.625%	-	173,181	726,362.50	
11/01/35	7,335,000	4.625%	380,000	173,181		
05/01/36	6,955,000	4.625%	-	164,394	728,787.50	
11/01/36	6,955,000	4.625%	400,000	164,394		
05/01/37	6,555,000	4.625%	-	155,144	730,287.50	
11/01/37	6,555,000	4.625%	420,000	155,144		
05/01/38	6,135,000	4.625%	-	145,431	730,862.50	
11/01/38	6,135,000	4.625%	440,000	145,431		
05/01/39	5,695,000	4.750%	-	135,256	730,512.50	
11/01/39	5,695,000	4.750%	460,000	135,256		
05/01/40	5,235,000	4.750%	-	124,331	728,662.50	
11/01/40	5,235,000	4.750%	480,000	124,331		
05/01/41	4,755,000	4.750%	-	112,931	730,862.50	
11/01/41	4,755,000	4.750%	505,000	112,931		
05/01/42	4,250,000	4.750%	-	100,938	726,875.00	
11/01/42	4,250,000	4.750%	525,000	100,938		
05/01/43	3,725,000	4.750%	-	88,469	726,937.50	
11/01/43	3,725,000	4.750%	550,000	88,469		
05/01/44	3,175,000	4.750%	-	75,406	725,812.50	
11/01/44	3,175,000	4.750%	575,000	75,406		
05/01/45	2,600,000	4.750%	-	61,750	728,500.00	
11/01/45	2,600,000	4.750%	605,000	61,750		
05/01/46	1,995,000	4.750%	-	47,381	729,762.50	
11/01/46	1,995,000	4.750%	635,000	47,381		
05/01/47	1,360,000	4.750%	-	32,300	729,600.00	
11/01/47	1,360,000	4.750%	665,000	32,300		
05/01/48	695,000	4.750%	-	16,506	728,012.50	
11/01/48	695,000	4.750%	695,000	16,506		
Total			$10,110,000	$6,419,291	$16,529,291	

Landings at Miami	
Community Development District	
Proposed Budget	
Debt Service Series 2020 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$38,588	$38,167	$421	$38,588	$38,588	
Interest Earnings	1,000	1,110	1,110	2,221	1,000	
Carry Forward Surplus (1)	57,074	57,194	-	57,194	59,733	

TOTAL REVENUES	$96,662	$96,471	$1,531	$98,002	$99,321	

EXPENDITURES:

Interest - 11/1	$11,794	$11,794	$-	$11,794	$11,475	
Principal - 11/1	15,000	15,000	-	15,000	15,000	
Interest - 5/1	11,475	-	11,475	11,475	11,156	

TOTAL EXPENDITURES	$38,269	$26,794	$11,475	$38,269	$37,631	
Other Sources/(Uses)

Interfund transfer In/(Out)	$-	

-	-	$-	

TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	

TOTAL EXPENDITURES	$38,269	$26,794	$11,475	$38,269	$37,631	

EXCESS REVENUES (EXPENDITURES)	$58,393	$69,677	$(9,944)	$59,733	$61,690	

Interest Due 11/1/27
Principal Due 11/1/27	$11,156.25	
	$15,000.00	
		$26,156.25 	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	40,619	
	(2,031) 	
 $	38,588 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	0	$	-	$	-	$	-	$	-	
Townhomes	0	$	-	$	-	$	-	$	-	
TH	25	$	40,618.50	$	1,624.74	$	1,624.74	$	-	

Total	25	$  40,618.50	

Landings at Miami	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2020 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/26	540,000	4.250%	15,000	11,475		
05/01/27	525,000	4.250%	-	11,156	37,312.50	
11/01/27	525,000	4.250%	15,000	11,156		
05/01/28	510,000	4.250%	-	10,838	36,675.00	
11/01/28	510,000	4.250%	15,000	10,838		
05/01/29	495,000	4.250%	-	10,519	36,037.50	
11/01/29	495,000	4.250%	15,000	10,519		
05/01/30	480,000	4.250%	-	10,200	35,400.00	
11/01/30	480,000	4.250%	15,000	10,200		
05/01/31	465,000	4.250%	-	9,881	34,762.50	
11/01/31	465,000	4.250%	15,000	9,881		
05/01/32	450,000	4.250%	-	9,563	34,125.00	
11/01/32	450,000	4.250%	15,000	9,563		
05/01/33	435,000	4.250%	-	9,244	38,487.50	
11/01/33	435,000	4.250%	20,000	9,244		
05/01/34	415,000	4.250%	-	8,819	37,637.50	
11/01/35	415,000	4.250%	20,000	8,819		
05/01/35	395,000	4.250%	-	8,394	36,787.50	
11/01/35	395,000	4.250%	20,000	8,394		
05/01/36	375,000	4.250%	-	7,969	35,937.50	
11/01/36	375,000	4.250%	20,000	7,969		
05/01/37	355,000	4.250%	-	7,544	35,087.50	
11/01/37	355,000	4.250%	20,000	7,544		
05/01/38	335,000	4.250%	-	7,119	34,237.50	
11/01/38	335,000	4.250%	20,000	7,119		
05/01/39	315,000	4.250%	-	6,694	38,387.50	
11/01/39	315,000	4.250%	25,000	6,694		
05/01/40	290,000	4.250%	-	6,163	37,325.00	
11/01/40	290,000	4.250%	25,000	6,163		
05/01/41	265,000	4.250%	-	5,631	36,262.50	
11/01/41	265,000	4.250%	25,000	5,631		
05/01/42	240,000	4.250%	-	5,100	35,200.00	
11/01/42	240,000	4.250%	25,000	5,100		
05/01/43	215,000	4.250%	-	4,569	34,137.50	
11/01/43	215,000	4.250%	25,000	4,569		
05/01/44	190,000	4.250%	-	4,038	38,075.00	
11/01/44	190,000	4.250%	30,000	4,038		
05/01/45	160,000	4.250%	-	3,400	36,800.00	
11/01/45	160,000	4.250%	30,000	3,400		
05/01/46	130,000	4.250%	-	2,763	35,525.00	
11/01/46	130,000	4.250%	30,000	2,763		
05/01/47	100,000	4.250%	-	2,125	34,250.00	
11/01/47	100,000	4.250%	30,000	2,125		
05/01/48	70,000	4.250%	-	1,488	37,975.00	
11/01/48	70,000	4.250%	35,000	1,488		
05/01/49	35,000	4.250%	-	744	36,487.50	
11/01/49	35,000	4.250%	35,000	744		
Total			$540,000	$319,388	$859,388	

Landings at Miami	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds Units
2018	Bonds Units
2020	
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)	
							Series 2018	Series 2020	Series 2018	Series 2020					
Single Family	168	168	0	$221.00	$176.04	$44.96	$1,929.26	$0.00	$1,929.26	$0.00	$0.00	$2,150.26	$2,105.30	$44.96	
Townhomes	300	300	0	$221.00	$176.04	$44.96	$1,484.04	$0.00	$1,484.04	$0.00	$0.00	$1,705.04	$1,660.08	$44.96	
TH	25	0	25	$221.00	$176.04	$44.96	$0.00	$1,624.74	$0.00	$1,624.74	$0.00	$1,845.74	$1,800.78	$44.96	
Total	493	468	25												

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