Cordova Palms Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 www.CordovaPalmsCDD.com
May 28, 2025

Board of Supervisors
Cordova Palms Community Development District
Call in #: 1-877-304-9269 Code: 410226
Dear Board Members:
The Cordova Palms Community Development District Workshop is scheduled to be held Wednesday, June 4, 2025 at 11:00 a.m. at the offices of Governmental Management Services, 475 West Town Place, Suite 114, St. Augustine, Florida 32095.
Following is the agenda for the workshop:

Call to Order

Discussion of the Fiscal Year 2026 Budget

Supervisor Requests and Audience Comments

Next Scheduled Meeting – June 11, 2025 at 11:00 a.m. at the offices of GMS, 475 West Town Place, Suite 114, St. Augustine, Florida
Adjournment

Cordova Palms

Community Development District

Proposed Budget
FY2026

Presented by:

Table of Contents

1-2

3-5

6-7

8-9

10-11

	General Fund

	Narratives

	Debt Service Fund Series 2021

	Debt Service Fund Series 2022-1

	Debt Service Fund Series 2022-2

12		Assessment Schedule

Adopted	Actuals Thru	Projected Next Projected Thru  Proposed Budget Budget	
Description	FY 2025	3/31/25		6 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments	$	553,827	$	540,678	$	13,149	$	553,827	$	784,333	
Interest Income	-	574	800	1,374	1,000	
Other Income	-	100	500	600	-	
Carry Forward Surplus	-	-	29,878	29,878	-	
TOTAL REVENUES	$	553,827	$	541,352	$	44,327	$	585,680	$	785,333	

EXPENDITURES:						
Administrative						
Supervisors Fees	$	6,000	$	-	$	3,000	$	3,000	$	6,000	
FICA Expense	459	-	230	230	459	
Engineering	11,000	4,150	4,850	9,000	11,000	
Arbitrage	1,800	-	1,800	1,800	1,800	
Attorney	20,000	4,227	4,500	8,727	15,000	
Annual Audit	7,500	-	7,500	7,500	7,500	
Assessment Roll Administration	5,618	5,618	-	5,618	5,899	
Trustee Fees	12,500	10,900	-	10,900	12,500	
Dissemination Agent	8,427	5,964	2,464	8,427	8,848	
Management Fees	53,090	26,545	26,545	53,090	55,745	
Website Maintenance	1,685	843	843	1,685	1,769	
Information Technology	2,528	1,264	1,264	2,528	2,654	
Telephone	500	69	431	500	500	
Postage & Delivery	1,500	475	1,025	1,500	1,500	
Insurance General Liability	5,590	5,981	-	5,981	6,729	
Printing & Binding	500	187	313	500	500	
Legal Advertising	2,000	1,177	823	2,000	2,000	
Other Current Charges	300	29	271	300	300	
Office Supplies	150	2	148	150	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	141,323	$	67,604	$	56,007	$	123,611	$	141,028	

Operations & Maintenance						
Grounds Maintenance						
Landscape - Maintenance	$	145,978	$	72,989	$	72,989	$	145,978	$	152,338	
Landscape - Contingency	27,700	4,022	3,500	7,522	27,700	
Mulch	22,766	-	1,000	1,000	22,766	
Operations Management	25,000	6,250	12,500	18,750	26,500	
Lake Maintenance	10,000	3,830	4,110	7,940	10,000	
Electric	50,000	34,501	32,039	66,540	68,000	
Water/Sewer/Irrigation	20,000	10,950	11,400	22,350	25,000	
Repairs & Maintenance	10,000	21,764	5,000	26,764	40,000	
Irrigation Repairs	13,000	4,466	1,000	5,466	13,000	
Pest Control	2,000	700	840	1,540	1,800	
TOTAL GROUNDS MAINTENANCE	$	326,444	$	159,472	$	144,378	$	303,850	$	387,104	

Adopted
Budget	Actuals Thru	Projected Next  Projected Thru  Proposed Budget
FY 2025

Description

3/31/25

	6 Months	

9/30/25

FY 2026

Amenity Center

Amenity Manager

$	20,000  $

19,649  $

24,447  $

44,096  $

77,500

Amenity Attendant	13,300	-	-	-	10,000
Facility Maintenance		-		-	-		-	37,440 Insurance	4,261	35,926	-	35,926	39,025
Refuse	3,000	1,934	1,936	3,870	3,900
Gas	12,000	423	577	1,000	1,000
Janitorial Services	2,500	6,000	6,000	12,000	12,000
Access Cards	18,000	2,188	1,500	3,688	5,000
Pool Maintenance	13,000	9,000	9,000	18,000	18,000
Pool Chemicals	-	6,500	6,498	12,998	13,000
Special Events	-	-	-	-	5,000
Holiday Decoration	-	6,416	-	6,416	10,000
Water & Sewer	-	-	-	-	5,000
Licenses & Subscriptions	-	142	250	392	500
Fitness Equipment Leasing	-	9,915	9,918	19,833	19,836

TOTAL AMENITY CENTER

$	86,061  $	98,093  $	60,126  $	158,219  $

257,201

TOTAL EXPENDITURES

$	553,827  $	325,169  $	260,511  $	585,680  $

785,333

EXCESS REVENUES (EXPENDITURES)

$

0  $	216,184  $  (216,184)  $

0  $

-

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. The assessments will be collected by the St. Johns County Tax Collectors Office.

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

Other Income
Income received from resident rental of Rooftop patio, amenity access fobs, fitness class, etc.

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 engineering firm will be providing general engineering services to the District including attendance and preparation for monthly board meetings, review invoices, etc. England, Thims & Miller serves as the District’s engineering firm.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2021, 2022-1 and 2022-2 Special Assessment Revenue Bonds.
Attorney
The District's legal counsel will be providing general legal services to the District including attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Kutak Rock LLP serves as the District’s legal counsel.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau and Associates currently serves as the District’s Independent Auditor.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Trustee Fees
The amount of the trustee fees is based on the agreement between The Bank of New York Mellon and the District for the Special Assessment Bond Series 2021, 2022-1, and 2022-2.
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.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
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.
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, security, accounting software, etc.
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 Florida Property Alliance Preferred (FPA). FPA specializes in providing insurance coverage to governmental agencies.

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 the Florida Department of Commerce for $175.

Expenditures – Operations & Maintenance

Landscape - Maintenance
The District has contracted with Brightview Landscaping Services to maintain the common areas of the District.
Landscape - Contingency
Estimated costs for other landscape maintenance incurred by the District.
Mulch
Represents estimated costs for mulch applications around common areas in the District.
Operations Management
The District is contracted with Governmental Management Services, LLC to provide onsite field management of contracts for District Services such as landscape and lake maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.
Vendor	Description	Monthly	Annual

Lake Maintenance

GMS, LLC	Management Fees

$	2,208  $

26,500

The District has contracted with Florida Waterways, Inc. for the maintenance of ponds on district property.
Electric
FPL provides for electric services for the District. District has the following meters:
Meter #	Location	Monthly	Annual	
8188230067	77 Cordova Palms Prkw	$	321	$	3,847	
6277411382	327 Onate Cir # Pump	80	959	
4378731287	100 Cordova Palms Prkw #SL	3,806	45,667	
5046858500	30 Bermudez Way #Park	18	221	
6670347563	320 CORDOVA PALMS PKWY #A	592	7,098	
1665506505	30 BERMUDEZ WAY #DOGPARK	27	320	
1582847560	320 CORDOVA PALMS PKWY # B	697	8,369	
	Contingency	127	1,518	
	Total	$	5,667	$	68,000	
Water/Sewer/Irrigation
Estimated costs for irrigation by the district for water, sewer and irrigation.
Repairs & Maintenance
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.
Irrigation Repairs
Estimated cost of miscellaneous irrigation repairs and maintenance incurred.
Pest Control
Estimated costs for pest control service incurred by the District.

Expenditures – Amenity Center

Amenity Manager
Estimated costs for management services for the Amenity Center.
Amenity Attendant
The District has contracted with GMS LLC to provide community facility staff for the amenity center to greet patrons, providing facility tours, issuance of access cards and policy enforcement.
Facility Maintenance
The District has contracted with GMS LLC to provide maintenance and repairs necessary for upkeep of the Amenity Center and common grounds area.
Insurance
The District has issued a Property Insurance policy with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.
Refuse Service
The District has contracted with Waste Management for refuse removal services once a week.
Gas
The District is under contract with TECO Peoples Gas to provide gas fire pit.
Janitorial Services
The District is contracted with Governmental Management Services, LLC to provide onsite janitorial cleaning for the Amenity Center.
Vendor	Description	Monthly	Annual

Access Cards

GMS LLC	Janitoral Services

$	1,000  $

12,000

Represents the estimated cost for access cards to the District’s Amenity Center.
Pool Maintenance
The District has contracted with GMS, LLC for pool cleaning, water testing, treatment, checking chemicals and back washing of the Amenity Center pool.
Pool Chemicals
The District has contracted with GMS, LLC for purchase and delivery of pool chemicals for the maintenance of the Amenity Center
Special Events
Represents estimated costs for the District to host special events for the community through the Fiscal Year.
Holiday Decoration
Represents estimated costs for the District to decorate the Amenity center for the holidays.
Water & Sewer
Estimated costs for water and sewer for the amenity center billed to the District by JEA.
Licence & Subscriptions
Represents license fees for the amenity center and permit fees paid to the Florida Department of Health in St. Johns County for the swimming pools.

Fitness Equipment Lease
The District has contracted with Macrolease to rent fitness equipment
Vendor	Description	Monthly	Annual

Macrolease	Fitness Equipment Lease	$

1,653  $

19,836

Community Development District
Proposed Budget
Debt Service Series 2021 Special Assessment Bonds

Description

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru

3/31/25

	6 Months	

9/30/25

Proposed Budget FY 2026

REVENUES:

Special Assessments	$	408,828	$	319,820	$	89,008	$	408,828	$	309,400	
Prepayments	-	329,356	-	329,356	-	
Interest Earnings	5,000	11,209	10,000	21,209	5,000	
Carry Forward Surplus (1)	278,228	501,337	-	501,337	221,323	
TOTAL REVENUES	$	692,057	$ 1,161,723	$	99,008	$  1,260,731	$	535,723	

EXPENDITURES:						
Interest - 11/1	$	104,835	$	104,835	$	-	$	104,835	$	91,465	
Principal Prepayment - 11/1	-	190,000	-	190,000	-	
Interest - 2/1	-	3,365	-	3,365		
Principal Prepayment - 2/1	-	390,000	-	390,000		
Interest - 5/1	104,835	-	104,835	104,835	91,465	
Principal - 5/1	140,000	-	140,000	140,000	125,000	
Principal Prepayment - 5/1	-	-	105,000	105,000	-	
TOTAL EXPENDITURES	$	349,670	$	688,200	$	349,835	$  1,038,035	$	307,930	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(1,373)	$	-	$	(1,373)	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	(1,373)	$	-	$	(1,373)	$	-	
						
TOTAL EXPENDITURES	$	349,670	$	689,573	$	349,835	$  1,039,408	$	307,930	
						
EXCESS REVENUES (EXPENDITURES)	$	342,387	$	472,150	$  (250,827)	$	221,323	$	227,793	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

 $	89,965 

Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2021 Special Assessment Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	5,260,000	2.400%			91,465	91,465	
05/01/26	5,260,000	2.400%	125,000		91,465		
11/01/26	5,135,000	2.400%			89,965	306,430	
05/01/27	5,135,000	2.800%	130,000		89,965		
11/01/27	5,005,000	2.800%			88,145	308,110	
05/01/28	5,005,000	2.800%	135,000		88,145		
11/01/28	4,870,000	2.800%			86,255	309,400	
05/01/29	4,870,000	2.800%	135,000		86,255		
11/01/29	4,735,000	2.800%			84,365	305,620	
05/01/30	4,735,000	2.800%	140,000		84,365		
11/01/30	4,595,000	2.800%			82,405	306,770	
05/01/31	4,595,000	2.800%	145,000		82,405		
11/01/31	4,450,000	2.800%			80,375	307,780	
05/01/32	4,450,000	3.000%	150,000		80,375		
11/01/32	4,300,000	3.000%			78,125	308,500	
05/01/33	4,300,000	3.000%	155,000		78,125		
11/01/33	4,145,000	3.000%			75,800	308,925	
05/01/34	4,145,000	3.000%	160,000		75,800		
11/01/34	3,985,000	3.000%			73,400	309,200	
05/01/35	3,985,000	3.000%	165,000		73,400		
11/01/35	3,820,000	3.000%			70,925	309,325	
05/01/36	3,820,000	3.000%	170,000		70,925		
11/01/36	3,650,000	3.000%			68,375	309,300	
05/01/37	3,650,000	3.000%	175,000		68,375		
11/01/37	3,475,000	3.000%			65,750	309,125	
05/01/38	3,475,000	3.000%	180,000		65,750		
11/01/38	3,295,000	3.000%			63,050	308,800	
05/01/39	3,295,000	3.000%	185,000		63,050		
11/01/39	3,110,000	3.000%			60,275	308,325	
05/01/40	3,110,000	3.000%	190,000		60,275		
11/01/40	2,920,000	3.000%			57,425	307,700	
05/01/41	2,920,000	3.000%	195,000		57,425		
11/01/41	2,725,000	3.000%			54,500	306,925	
05/01/42	2,725,000	4.000%	200,000		54,500		
11/01/42	2,525,000	4.000%			50,500	305,000	
05/01/43	2,525,000	4.000%	210,000		50,500		
11/01/43	2,315,000	4.000%			46,300	306,800	
05/01/44	2,315,000	4.000%	220,000		46,300		
11/01/44	2,095,000	4.000%			41,900	308,200	
05/01/45	2,095,000	4.000%	230,000		41,900		
11/01/45	1,865,000	4.000%			37,300	309,200	
05/01/46	1,865,000	4.000%	235,000		37,300		
11/01/46	1,630,000	4.000%			32,600	304,900	
05/01/47	1,630,000	4.000%	245,000		32,600		
11/01/47	1,385,000	4.000%			27,700	305,300	
05/01/48	1,385,000	4.000%	255,000		27,700		
11/01/48	1,130,000	4.000%			22,600	305,300	
05/01/49	1,130,000	4.000%	265,000		22,600		
11/01/49	865,000	4.000%			17,300	304,900	
05/01/50	865,000	4.000%	275,000		17,300		
11/01/50	590,000	4.000%			11,800	304,100	
05/01/51	590,000	4.000%	290,000		11,800		
11/01/51	300,000	4.000%			6,000	307,800	
05/01/52	300,000	4.000%	300,000		6,000	306,000	
Total		$	5,260,000	$	3,129,200	$	8,389,200	

Community Development District
Proposed Budget
Debt Service Series 2022-1 Special Assessment Bonds

Description

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru

3/31/25

	6 Months	

9/30/25

Proposed Budget FY 2026

REVENUES:

Special Assessments	$	153,998	$	120,019	$	33,979	$	153,998	$	117,315	
Prepayments	-	102,424	-	102,424	-	
Interest Earnings	5,000	4,329	8,000	12,329	5,000	
Carry Forward Surplus (1)	138,159	213,496	-	213,496	127,303	
TOTAL REVENUES	$	297,156	$	440,268	$	41,979	$	482,247	$	249,618	

EXPENDITURES:						
Interest - 11/1	$	52,105	$	52,105	$	-	$	52,105	$	45,400	
Principal Prepayment - 11/1	-	60,000	-	60,000	-	
Interest - 2/1	-	1,706		1,706	-	
Principal Prepayment - 2/1	-	120,000		120,000	-	
Interest - 5/1	52,105	-	52,105	52,105	45,400	
Principal - 5/1	25,000	-	25,000	25,000	25,000	
Principal Prepayment - 5/1	-	-	35,000	35,000	-	
TOTAL EXPENDITURES	$	129,210	$	233,811	$	112,105	$	345,916	$	115,800	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(9,028)	$	-	$	(9,028)	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	(9,028)	$	-	$	(9,028)	$	-	
						
TOTAL EXPENDITURES	$	129,210	$	242,839	$	112,105	$	354,944	$	115,800	
						
EXCESS REVENUES (EXPENDITURES)	$	167,946	$	197,429	$	(70,126)	$	127,303	$	133,818	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

 $	44,800 

Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2022-1 Special Assessment Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	1,595,000				45,400	45,400	
05/01/26	1,595,000	4.800%	25,000		45,400		
11/01/26	1,570,000				44,800	115,200	
05/01/27	1,570,000	4.800%	25,000		44,800		
11/01/27	1,545,000				44,200	114,000	
05/01/28	1,545,000	5.300%	25,000		44,200		
11/01/28	1,520,000				43,538	112,738	
05/01/29	1,520,000	5.300%	30,000		43,538		
11/01/29	1,490,000				42,743	116,280	
05/01/30	1,490,000	5.300%	30,000		42,743		
11/01/30	1,460,000				41,948	114,690	
05/01/31	1,460,000	5.300%	30,000		41,948		
11/01/31	1,430,000				41,153	113,100	
05/01/32	1,430,000	5.300%	35,000		41,153		
11/01/32	1,395,000				40,225	116,378	
05/01/33	1,395,000	5.700%	35,000		40,225		
11/01/33	1,360,000				39,228	114,453	
05/01/34	1,360,000	5.700%	40,000		39,228		
11/01/34	1,320,000				38,088	117,315	
05/01/35	1,320,000	5.700%	40,000		38,088		
11/01/35	1,280,000				36,948	115,035	
05/01/36	1,280,000	5.700%	40,000		36,948		
11/01/36	1,240,000				35,808	112,755	
05/01/37	1,240,000	5.700%	45,000		35,808		
11/01/37	1,195,000				34,525	115,333	
05/01/38	1,195,000	5.700%	45,000		34,525		
11/01/38	1,150,000				33,243	112,768	
05/01/39	1,150,000	5.700%	50,000		33,243		
11/01/39	1,100,000				31,818	115,060	
05/01/40	1,100,000	5.700%	50,000		31,818		
11/01/40	1,050,000				30,393	112,210	
05/01/41	1,050,000	5.700%	55,000		30,393		
11/01/41	995,000				28,825	114,218	
05/01/42	995,000	5.700%	60,000		28,825		
11/01/42	935,000				27,115	115,940	
05/01/43	935,000	5.800%	60,000		27,115		
11/01/43	875,000				25,375	112,490	
05/01/44	875,000	5.800%	65,000		25,375		
11/01/44	810,000				23,490	113,865	
05/01/45	810,000	5.800%	70,000		23,490		
11/01/45	740,000				21,460	114,950	
05/01/46	740,000	5.800%	75,000		21,460		
11/01/46	665,000				19,285	115,745	
05/01/47	665,000	5.800%	80,000		19,285		
11/01/47	585,000				16,965	116,250	
05/01/48	585,000	5.800%	85,000		16,965		
11/01/48	500,000				14,500	116,465	
05/01/49	500,000	5.800%	90,000		14,500		
11/01/49	410,000				11,890	116,390	
05/01/50	410,000	5.800%	95,000		11,890		
11/01/50	315,000				9,135	116,025	
05/01/51	315,000	5.800%	100,000		9,135		
11/01/51	215,000				6,235	115,370	
05/01/52	215,000	5.800%	105,000		6,235		
11/01/52	110,000				3,190	114,425	
05/01/53	110,000	5.800%	110,000		3,190	113,190	
Total		$	1,595,000	$	1,663,035	$	3,258,035	

Community Development District
Proposed Budget
Debt Service Series 2022-2 Special Assessment Bonds

Description

Adopted Budget FY 2025

Actuals Thru	Projected Next  Projected Thru

3/31/25

	6 Months	

9/30/25

Proposed Budget FY 2026

REVENUES:

Special Assessments	$	491,030	$	483,510	$	7,520	$	491,030	$	491,030	
Prepayments	-	51,717	-	51,717	$	-	
Interest Earnings	5,000	4,825	1,000	5,825	5,000	
Carry Forward Surplus (1)	209,231	211,985	-	211,985	190,830	
TOTAL REVENUES	$	705,261	$	752,037	$	8,520	$	760,557	$	686,860	

EXPENDITURES:						
Interest - 11/1	$	191,990	$	191,990	$	-	$	191,990	$	188,115	
Interest - 5/1	191,990	-	191,990	191,990	188,115	
Principal - 5/1	105,000	-	105,000	105,000	110,000	
Principal Prepayment - 5/1	-	-	55,000	55,000		
TOTAL EXPENDITURES	$	488,980	$	191,990	$	351,990	$	543,980	$	486,230	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	(25,747)	
$	-	
$	(25,747)	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	(25,747)	$	-	$	(25,747)	$	-	
						
TOTAL EXPENDITURES	$	488,980	$	217,737	$	351,990	$	569,727	$	486,230	
						
EXCESS REVENUES (EXPENDITURES)	$	216,281	$	534,300	$  (343,470)	$	190,830	$	200,630	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

$185,640.00

Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2022-2 Special Assessment Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	6,895,000				188,115	188,115	
05/01/26	6,895,000	4.500%	110,000		188,115		
11/01/26	6,785,000				185,640	483,755	
05/01/27	6,785,000	4.500%	115,000		185,640		
11/01/27	6,670,000				183,053	483,693	
05/01/28	6,670,000	5.100%	120,000		183,053		
11/01/28	6,550,000				179,993	483,045	
05/01/29	6,550,000	5.100%	130,000		179,993		
11/01/29	6,420,000				176,678	486,670	
05/01/30	6,420,000	5.100%	135,000		176,678		
11/01/30	6,285,000				173,235	484,913	
05/01/31	6,285,000	5.100%	140,000		173,235		
11/01/31	6,145,000				169,665	482,900	
05/01/32	6,145,000	5.100%	150,000		169,665		
11/01/32	5,995,000				165,840	485,505	
05/01/33	5,995,000	5.400%	155,000		165,840		
11/01/33	5,840,000				161,655	482,495	
05/01/34	5,840,000	5.400%	165,000		161,655		
11/01/34	5,675,000				157,200	483,855	
05/01/35	5,675,000	5.400%	175,000		157,200		
11/01/35	5,500,000				152,475	484,675	
05/01/36	5,500,000	5.400%	185,000		152,475		
11/01/36	5,315,000				147,480	484,955	
05/01/37	5,315,000	5.400%	195,000		147,480		
11/01/37	5,120,000				142,215	484,695	
05/01/38	5,120,000	5.400%	205,000		142,215		
11/01/38	4,915,000				136,680	483,895	
05/01/39	4,915,000	5.400%	215,000		136,680		
11/01/39	4,700,000				130,875	482,555	
05/01/40	4,700,000	5.400%	230,000		130,875		
11/01/40	4,470,000				124,665	485,540	
05/01/41	4,470,000	5.400%	240,000		124,665		
11/01/41	4,230,000				118,185	482,850	
05/01/42	4,230,000	5.400%	255,000		118,185		
11/01/42	3,975,000				111,300	484,485	
05/01/43	3,975,000	5.600%	270,000		111,300		
11/01/43	3,705,000				103,740	485,040	
05/01/44	3,705,000	5.600%	285,000		103,740		
11/01/44	3,420,000				95,760	484,500	
05/01/45	3,420,000	5.600%	300,000		95,760		
11/01/45	3,120,000				87,360	483,120	
05/01/46	3,120,000	5.600%	320,000		87,360		
11/01/46	2,800,000				78,400	485,760	
05/01/47	2,800,000	5.600%	335,000		78,400		
11/01/47	2,465,000				69,020	482,420	
05/01/48	2,465,000	5.600%	355,000		69,020		
11/01/48	2,110,000				59,080	483,100	
05/01/49	2,110,000	5.600%	375,000		59,080		
11/01/49	1,735,000				48,580	482,660	
05/01/50	1,735,000	5.600%	400,000		48,580		
11/01/50	1,335,000				37,380	485,960	
05/01/51	1,335,000	5.600%	420,000		37,380		
11/01/51	915,000				25,620	483,000	
05/01/52	915,000	5.600%	445,000		25,620		
11/01/52	470,000				13,160	483,780	
05/01/53	470,000	5.600%	470,000		13,160	483,160	
Total		$	6,895,000	$	6,846,095	$  13,741,095	

Cordova Palms
Community Development District
Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	
O&M Units	
Annual Maintenance Assessments	
	
FY 2026	
FY 2025	
Increase/ (decrease)	

43' SF	

295	

$1,138.33	

$803.79	

$334.54	

41.62%	
53' SF	323	$1,138.33	$803.79	$334.54	41.62%	
Bulk	115	$1,138.33	$803.79	$334.54	41.62%	
Total	733					

Gross Assessments		$  834,396.82	
Less: Discount	4.00%	(33,375.87)	
Less: Commission fees	2.00%	(16,687.94)	
Net Assessments		$  784,333.01