Tesoro

Community Development District

Adopted Budget
FY 2026

Presented by:

Table of Contents

1-2

3-5

6

General Fund

Narratives

Capital Reserve Fund

7	Assessment Schedule

Tesoro	
Community Development District	
Adopted Budget	
General Fund	

REVENUES:

Special Assessments - On Roll (Net)	$	546,425	$	545,826	$	599	$	546,425	$	549,193	
Stormwater Fees	250,000	270,336	-	270,336	265,000	
Interest Income	1,966	14,224	2,500	16,724	10,000	

TOTAL REVENUES	$	798,391	$	830,386	$	3,099	$	833,485	$	824,193	

EXPENDITURES:

Administrative						
Supervisor Fees	$	5,000	$	-	$	-	$	-	$	5,000	
FICA Taxes	383	-	-	-	383	
Engineering	7,000	12,310	8,793	21,103	10,000	
Attorney	15,000	28,902	14,451	43,353	40,000	
Annual Audit	3,150	3,000	-	3,000	3,250	
Assessment Administration (CF)	2,650	2,650	-	2,650	2,809	
Management Fees (SF)	38,675	29,006	9,669	38,675	45,000	
Information Technology	1,121	841	280	1,121	1,189	
Website Maintenance	1,003	752	251	1,003	1,063	
Telephone	100	-	50	50	100	
Postage & Delivery	500	68	100	168	500	
Insurance General Liability	8,238	8,355	-	8,355	9,880	
Printing & Binding	600	193	200	393	500	
Legal Advertising	1,000	196	450	646	1,000	
Other Current Charges	1,000	-	500	500	500	
Office Supplies	100	10	50	60	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	85,695	$	86,458	$	34,794	$	121,252	$	121,448	

Operations & Maintenance
Field Operation

Field Mangagement Fees	$	18,775	$	14,081	$	4,694	$	18,775	19,902	
Property Insurance	375	-	-	-	375	

Mitigation Cell						
Mitigation Maintenance	93,000	69,750	23,250	93,000	93,000	

West Side						
Maintenance	112,200	84,150	28,050	112,200	117,810	
Landscaping	102,221	78,957	23,259	102,216	107,332	
Electric - Waterfall pump	8,750	4,872	1,895	6,767	8,750	
Plant Replacement	5,000	-	5,000	5,000	5,000	
Fountain Repairs	5,000	-	5,000	5,000	5,000	
Lakes 12-14	23,250	17,438	5,813	23,250	23,250	
East Side						
Maintenance	84,000	63,000	21,000	84,000	88,200	
Plant Replacement	5,000	-	5,000	5,000	5,000	
Lake Bank Maintenance	-	-	-	-	-	

Contingency	5,000	878	4,122	5,000	10,000	
TOTAL FIELD OPERATION	$	462,571	$	333,126	$	127,082	$	460,208	$	483,618	

TOTAL EXPENDITURES	$	548,267	$	419,584	$	161,876	$	581,460	$	605,067	

Tesoro	
Community Development District	
Adopted Budget	
General Fund	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	(250,124)	$	(250,124)	$	-	$	(250,124)	$	(219,126)	
TOTAL OTHER SOURCES/(USES)	$  (250,124)	$	(250,124)	$	-	$  (250,124)	$  (219,126)	

EXCESS REVENUES (EXPENDITURES)	$	-	$	160,678	$  (158,777)	$	1,901	$	-	

Gross Assessments	
Less: Discounts & Collections 6%	
Net Assessments	

$	584,248	
	35,055 	
 $	549,193 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	

Developed	258	$	79,980.00	$	310.00	$	310.00	$	-	
Tracts	1140	353,375.20	310.00	310.00	-	
Undeveloped	649	150,892.50	232.50	232.50	-	

Total	2047	$ 584,247.70	

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.	
Stormwater Fees	
The District has entered into an agreement with the City of St. Lucie requiring the City to refund to the District 75% of all stormwater fees collected within the District’s boundaries.	
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.	
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	
The District has contracted with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within 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 has contracted with Governmental Management Services - South Florida, LLC to provide management, accounting and recording secretary services. These services include but are not limited to, advertising, recording and transcribing of Board meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.	
Information Technology	
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software,	
Website Maintenance	
Represents the costs 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.	
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	
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.	

Expenditures - Administrative (continued)	
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 FloridaCommerce for $175.	

Expenditures – Field Operations	

Field Management Fees	
The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of	
Property Insurance	
Property Insurance	

West Side			
Mitigation Maintenance			
Includes the cutting and removal of exotic and nuisance vegetation from all wetland preserves and their associated buffers within the limits of the US Army Corps of Engineers permit and the SFWMD permit previously issued for the parcel west of Via Tesoro Boulevard within the limits of the Tesoro West project area. Due to the native vegetation on the site and in accordance with the conditions of the Agency permits, hand cutting of vegetation will occur where possible and application of an appropriate herbicide to the cut stumps to inhibit further growth. The District has contracted with Native Lands Management, Inc. for this service.	
Description	Monthly amount	Annually	
Mitigation Maintenance	$9,350	$112,200	
Contingency - 5%		$5,610	
		$117,810	
Landscaping			
Scheduled maintenance consists of trimming vegetation, weed control, edging, blowing, application of herbicides (as permitted), and the removal of debris and trash within the service area. The District has contracted with Wellington Pro Lawn Care for this service. Service area is the banks of lakes from the highter line to the top of the bank.	
Description	Monthly amount	Annually	
Landscape Maintenance	$8,518	$102,221	
Contingency - 5%		$5,111	
		$107,332	
Electric			
To record cost of electric services to an irrigation pump. The District has the following utility account with Florida Power & Light.	
Plant Replacement			
Unscheduled maintenance consists of tree, shrub, and other plant material replacements in various communities.	
Fountain Repairs			
Includes expenses for equipment, supplies, and maintenance for the fountains at the District.	
Lake Management			
Services related to Lakes 12-14.			

Expenditures – Field Operations (continued)	

East Side			
Mitigation Monitoring			
The District will schedule monitoring of mitigation areas.			
Mitigation Maintenance			
Includes the cutting and removal of exotic and nuisance vegetation from all wetland preserves and their associated buffers within
the limits of the US Army corps of Engineers permit and the SFWMD permit previously issued for the parcel east of Via Tesoro	
Description	Monthly amount	Annually	
Mitigation Maintenance	$7,000	$84,000	
Contingency - 5%		$4,200	
		$88,200	
Plant Replacement			
Unscheduled maintenance consists of tree, shrub, and other plant material replacements.	
Contingency			
The contingency represents expenses not anticipated in budget categories.	

Tesoro	
Community Development District	
Adopted Budget	
Capital Reserve Fund	

Adopted	Actuals Thru	Projected Next	Projected Thru	Adopted	
Description	FY2025	6/30/25	3 Months	9/30/25	FY 2026	

REVENUES:

Interest Income	$	-	$	879	$	-	$	879	$	-	
Carry Forward Balance	74,984	75,299	-	75,299	126,462	

TOTAL REVENUES	$	74,984	$	76,178	$	-	$	76,178	$	126,462	

EXPENDITURES:

Plant Installation	$	34,000	$	-	$	34,000	$	34,000	$	34,000	
Natural Area Cleanup	260,900	119,790	46,000	165,790	260,900	
Miscellaneous Expenses	500	-	50	50	500	
TOTAL EXPENDITURES	$	295,400	$	119,790	$	80,050	$	199,840	$	295,400	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	250,124	$	250,124	$	-	$	250,124	$	219,126	
TOTAL OTHER SOURCES/(USES)	$	250,124	$	250,124	$	-	$	250,124	$	219,126	
						
EXCESS REVENUES (EXPENDITURES)	$	29,708	$	206,512	$	(80,050)	$	126,462	$	50,188	

Tesoro	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2026	

Neighborhood	
O&M Units	
ERU	
Annual Maintenance Assessments	
Total Assessed Per Unit	
	
FY 2026	
FY 2025	Increase/ (decrease)	
FY 2026	
FY 2025	Increase/ (decrease)	
						Series	Series	Total	

Developed	
258	
258	
$310.00	
$310.00	
$0.00	
$310.00	
$310.00	
$0.00	
Tracts	1,139.92	1139.92	$310.00	$310.00	$0.00	$310.00	$310.00	$0.00	
Undeveloped	649	486.75	$232.50	$232.50	$0.00	$232.50	$232.50	$0.00	
Total	2046.92	1884.67