Tesoro
Community Development District

Adopted Budget
FY 2027

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)	$	549,193	$	540,031	$	9,162	$	549,193	$	549,193	
Stormwater Fees	265,000	280,528	-	280,528	265,000	
Interest Income	10,000	8,961	3,500	12,461	7,500	
TOTAL REVENUES	$	824,193	$	829,520	$	12,662	$	842,182	$	821,693	

EXPENDITURES:

Administrative						
Supervisor Fees	$	5,000	$	-	$	-	$	-	$	5,000	
FICA Taxes	383	-	-	-	383	
Engineering	10,000	7,398	3,699	11,097	10,000	
Attorney	40,000	39,920	19,960	59,880	40,000	
Annual Audit	3,250	-	-	-	3,150	
Assessment Administration	2,809	-	2,809	2,809	3,006	
Management Fees	45,000	30,000	15,000	45,000	48,150	
Information Technology	1,189	793	1,110	1,903	1,272	
Website Maintenance	1,063	709	354	1,063	1,137	
Telephone	100	-	-	-	100	
Postage & Delivery	500	47	50	97	500	
Insurance General Liability	9,880	8,773	-	8,773	9,880	
Printing & Binding	500	-	50	50	500	
Legal Advertising	1,000	594	297	891	1,000	
Other Current Charges	500	219	109	328	500	
Office Supplies	100	-	50	50	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	121,449	$	88,627	$	43,488	$	132,115	$	124,853	

Operations & Maintenance
Field Operation

Field Mangagement Fees	$	19,902	$	8,293	$	11,609	$	19,902	21,295	
Property Insurance	375	-	-	-	375	
Mitigation Cell						
Mitigation Maintenance	93,000	62,000	31,000	93,000	97,650	
Sample Analysis	-	-	-	-	6,560	
West Side						
Wetland/Lake Maintenance	117,810	81,200	40,600	121,800	127,890	
Landscaping	107,332	63,046	36,400	99,446	114,660	
Electric - Waterfall pump	8,750	4,294	2,760	7,054	8,750	
Plant Replacement	5,000	-	5,000	5,000	5,000	
Fountain Repairs	5,000	3,236	1,764	5,000	5,000	
Mitigation Maintenance	23,250	15,500	7,750	23,250	24,413	
Sample Analysis	-	-	-	-	6,560	
Contingency	5,000	1,549	3,451	5,000	5,000	
East Side						
Wetland/Lake Maintenance	88,200	57,200	30,400	87,600	88,200	
Plant Replacement	5,000	-	5,000	5,000	5,000	
Sample Analysis	-	-	-	-	1,600	
Contingency	5,000	-	5,000	5,000	5,000	
TOTAL FIELD OPERATION	$	483,619	$	296,318	$	180,734	$	477,052	$	522,953	

TOTAL EXPENDITURES	$	605,067	$	384,945	$	224,222	$	609,167	$	647,805	

Tesoro	
Community Development District	
Adopted Budget	
General Fund	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	(219,126)	$	(219,126)	$	-	$	(219,126)	$	(173,887)	
TOTAL OTHER SOURCES/(USES)	$  (219,126)	$	(219,126)	$	-	$  (219,126)	$  (173,887)	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	225,449	$  (211,560)	$	13,889	$	-	

Gross Assessments	
Less: Discounts & Collections 6%	
Net Assessments	

$	584,248	
	35,055 	
 $	549,193 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
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-South 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.	

Expenditures - Administrative (continued)	
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.	
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 – South Florida, LLC to provide onsite field management	
Property Insurance	
Property Insurance	

West Side			
Wetland/Lake 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	$10,150	$121,800	
Contingency - 5%		$6,090	
		$127,890	
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 From the Group Up 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	$9,100	$109,200	
Contingency - 5%		$5,460	
		$114,660	

Expenditures – Field Operations (continued)	
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.	

East Side			
Mitigation Monitoring			
The District will schedule monitoring of mitigation areas.			
Wetland/Lake 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 Boulevard within the limits of the Tesoro East 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	$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 Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	5/31/26	4 Months	9/30/26	FY 2027	

REVENUES:

Interest Income	$	-	$	458	$	125	$	583	$	-	
Carry Forward Balance	126,462	206,866	-	206,866	131,175	

TOTAL REVENUES	$	126,462	$	207,324	$	125	$	207,449	$	131,175	

EXPENDITURES:

Plant Installation	$	34,000	$	-	$	34,000	$	34,000	$	34,000	
Natural Area Cleanup	260,900	69,158	191,742	260,900	260,900	
Miscellaneous Expenses	500	-	500	500	500	
TOTAL EXPENDITURES	$	295,400	$	69,158	$	226,242	$	295,400	$	295,400	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	219,126	$	219,126	$	-	$	219,126	$	173,887	
TOTAL OTHER SOURCES/(USES)	$	219,126	$	219,126	$	-	$	219,126	$	173,887	
						
EXCESS REVENUES (EXPENDITURES)	$	50,188	$	357,292	$	(226,117)	$	131,175	$	9,662	

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

Neighborhood	
O&M Units	
ERU	
Annual Maintenance Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY 2026	Increase/ (decrease)	
FY 2027	
FY 2026	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