Green Corridor P.A.C.E. District
Community Development District

Proposed Budget
Fiscal Year 2026

Table of Contents

1-2		General Fund

3-4		Budget Narrative

5		Reserve Allocation

	Adopted Budget	Actuals Through	Projected Next	Projected Through	Proposed Budget	
Description	Fiscal Year 2025	4/30/25	5 Months	9/30/25	Fiscal Year 2026	

REVENUES:						
Closing Fee Revenue Share (1)	$  450,000	$  226,036	$	161,454	$  387,490	$  400,000	
Interest Income	20,000	40,387	28,848	69,235	50,000	
Carryforward Surplus	662,336	-	512,744	512,744	707,925	
TOTAL REVENUES	$ 1,132,336	$ 266,422	$ 703,046	$ 969,468	$ 1,157,925	

EXPENDITURES:						
General and Administrative						
Attorney - General	$	75,000	$	29,152	$	37,500	$	66,652	$	75,000	
Attorney - Bond Doc Drafting	90,000	5,856	37,500	43,356	90,000	
Attorney - Litigation/Misc	140,000	21,037	25,245	46,282	75,000	
Annual Audit	60,000	27,000	20,000	47,000	60,000	
Management Fees	43,241	25,224	18,017	43,241	45,835	
Internal Audit	89,835	52,404	37,431	89,835	95,225	
Compliance	63,600	37,100	26,500	63,600	67,416	
Financial Advisor	10,000	6,667	7,500	14,167	15,000	
Contract Processing	20,000	5,654	7,915	13,568	20,000	
Postage	1,200	169	120	289	500	
Insurance General Liability	7,685	7,266	-	7,266	8,674	
Printing and Binding	1,000	43	30	73	500	
Legal Advertising	2,500	-	1,250	1,250	2,500	
Website Compliance	1,500	875	625	1,500	1,500	
Other Current Charges	1,500	109	78	187	500	
Office Supplies	100	4	3	7	100	
Dues, Licenses and Subscriptions	175	175	-	175	175	
TOTAL GENERAL AND ADMINISTRATIVE	$ 607,336	$ 218,733	$ 219,715	$ 438,447	$ 557,925	

Description

Adopted Budget Fiscal Year
2025

Actuals Through
4/30/25

Projected Next
5 Months

Projected		Proposed Through			Budget 9/30/25	Fiscal Year
2026

Operations and Maintenance		
Florida Sun	$  125,000	$	75,000	$	-	$	75,000	$  125,000	
Insulation Program	400,000	257,462	198,559	456,021	475,000	
TOTAL OPERATIONS AND MAINTENANCE	$ 525,000	$ 332,462	$ 198,559	$ 531,021	$ 600,000	
						
TOTAL EXPENDITURES	$ 1,132,336	$ 551,195	$ 418,273	$ 969,468	$ 1,157,925	
						
EXCESS REVENUES (EXPENDITURES)	$	0	$ (284,772)	$ 284,773	$	-	$	-	

(1) Closing Fee Revenue Share is reported net of funds received that are paid directly to District's legal counsel for its share of fees for the processing of each application to the District.

REVENUES

Closing Fee Revenue Share
Represents a fee for the processing of each application to the District. Fees are collected by Ygrene Energy Fund Florida, LLC and remitted to the District.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts.

Expenditures - General and Administrative

Attorney - General
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.
Attorney – Bond Doc Drafting
The District's legal counsel will be providing legal services to the District related to the drafting of bond documents.
Attorney – Litigation/Misc
The District's legal counsel will be providing legal services to the District for litigation support and other miscellaneous services, such as breach of contract, complaints for damages, etc.
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 an anticipated increase.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.
Internal Audit
Internal Audit services are provided by Governmental Management Services – South Florida, LLC.
Compliance
Compliance services are provided by Governmental Management Services – South Florida, LLC.
Financial Advisor
Financial services are provided by Estrada Hinojosa at a fee of $2,500 per quarter.

Contract Processing
The District pays a fee for every contract that is processed by Governmental Management Services – South Florida, LLC.
Postage
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 and 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
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the District as well as links to useful websites regarding compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Expenditures - General and Administrative (Continued)

Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the fiscal year.

Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses and Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity community affairs for $175.

Expenditures – Operations and Maintenance

Florida Sun
Fees paid to Solar United Neighbors for establishment of solar cooperatives.

Insulation Program
The District directly paid for insulation installation through Yoky Insulation for eligible property owners.

Exhibit "A" Allocation of Reserves

DESCRIPTION

Beginning Fund Balance - 10/1/24	$	2,269,723	
Net change in Fund Balance - Fiscal Year 2025	(512,744)	
Total Reserve Funds Available (Estimated) - 9/30/25	1,756,979	

RESERVED FOR SPECIAL PROJECTS

Beginning Balance (Estimated) - 9/30/25	

$	1,756,979	
Estimated Decrease in Reserves during Fiscal Year 2026	(707,925)	
Total Reserve Funds Available (Estimated) - 9/30/26	$	1,049,054