Portofino Landings	
Community Development District	

Approved Proposed Budget	
FY 2027	

Table of Contents

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	General Fund

	Narratives

	Assessment Schedule

Portofino Landings	
Community Development District	
Approved Proposed Budget	
General Fund	

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

REVENUES:

Special Assessments - On Roll	133,920	$134,578	$-	$134,578	$158,920	
Interest income	2,000	3,055	1,500	4,555	$3,000	

TOTAL REVENUES	$135,920	$137,633	$1,500	$139,133	$161,920	

EXPENDITURES:

Administrative						
Engineering	$8,000	$-	$4,000	$4,000	$8,000	
Attorney	9,000	3,000	6,000	9,000	9,000	
Annual Audit	5,300	4,200	-	4,200	4,300	
Management Fees	32,782	16,391	16,391	32,782	33,765	
Property Appraiser	2,100	1,425	-	1,425	2,100	
Information Technology	1,061	531	530	1,061	1,093	
Website Maintenance	1,061	531	530	1,061	1,093	
Telephone	25	-	13	13	25	
Postage & Delivery	100	20	80	100	100	
Rentals and Leases	2,400	1,200	1,200	2,400	2,400	
Insurance General Liability	8,918	7,932	-	7,932	8,725	
Printing & Binding	250	0	125	125	250	
Legal Advertising	1,000	313	500	813	1,000	
Other Current Charges	1,000	299	500	799	1,000	
Office Supplies	25	0	13	13	25	
Dues, Licenses & Subscriptions	175	175	-	175	175	
First Quarter Operating	10,556	-	9,556	9,556	10,556	
Property Taxes	350	331	-	331	350	
Contingency	10,453	-	5,227	5,227	11,407	

TOTAL ADMINISTRATIVE	$94,555	$36,347	$44,664	$81,012	$95,364	

Operations & Maintenance

Field Expenditures

Field Management	$6,365	3,183	$3,182	$6,365	$6,556	
Canal Maintenance	16,500	5,200	11,300	16,500	16,500	
Lake Maintenance	6,000	-	1,000	1,000	6,000	
Roadway Improvements	-	-	-	-	27,500	
Pot Hole Repairs	2,500	-	2,500	2,500	-	
Drainage Maintenance	10,000	-	10,000	10,000	10,000	

TOTAL FIELD EXPENDITURES	$41,365	$8,383	$27,982	$36,365	$66,556	

TOTAL EXPENDITURES	$135,920	$44,730	$72,647	$117,377	$161,920	

EXCESS REVENUES (EXPENDITURES)	$-	$92,903	$(71,147)	$21,756	$-	

Portofino Landings	
Community Development District	
Budget Narrative	

REVENUES	

Special Assessments - On Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for
the operating expenditures during the Fiscal Year.	

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

Expenditures - Administrative	

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.	
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.	
Property Appraiser	
The Saint Lucie County Board of Commissioners provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Board of Commissioners for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The budget for Board of Commissioners costs was based on a unit price per parcel.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Rentals and Leases	
The District will be charged $200 per month for office rent from Governmental Management Services – South Florida,
LLC, for the District's administrative offices located in Fort Lauderdale.	

Portofino Landings	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	

Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the FloridaCommerce for $175.	
First Quarter Operating	
Represents expenses in the first 2 months prior to assessments being collected.	
Property Taxes	
Represents Calandar year Property Taxes	
Contingency	
Represents any minor expenditures not budgeted the District may need to make during the Fiscal Year.	

Expenditures – Field	

Field Management	
The District will contract Governmental Management Services, South Florida, LLC for on-site management. The responsibilities include reviewing contracts and other maintenance related items.	
Canal Maintenance	
Monthly water management services to all the canals throughout the district.	
Lake Maintenance	
Monthly water management services to all the lakes throughout the district.	
Roadway Improvements	
The District will contract a company for the improvement of the roadway with the district.	
Drainage Maintenance	
Storm Drain Cleaning for all Storm Drains throughout the District.	

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

Neighborhood	O&M Units	
ERU's	
Annual Maintenance Assessments	
	
FY 2027	
FY2026	Increase/ (decrease)	

Multy Family	

166	

166	

$383.19	

$322.91	

$60.28	
Multy Family	224	224	$383.19	$322.91	$60.28	
Recreation	1	2	$383.19	$322.91	$60.28	

Commercial - sq ft	
49,200	
49.2	
$383.19	
$322.91	
$60.28	
Total	390	441.2			$	-	

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