RESOLUTION 2026-02

WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Cordova Palms Community Development District, hereinafter referred to as “District”, adopted General Fund Budget for Fiscal Year 2025, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CORDOVA PALMS COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The General Fund Budget is hereby amended in accordance with Exhibit “A” attached.

This resolution shall become effective this 13th day of November, 2025 and be reflected in the monthly and Fiscal Year End 9/30/25 Financial Statements and Audit Report of the District.

Cordova Palms

Community Development District

Attest:

by:			 Chairman / Vice Chairman

by:			 Secretary / Assistant Secretary

CORDOVA PALMS CDD RESOLUTION 2026-02

EXHIBIT A

Cordova Palms
Community Development District
FY 2025 Budget Amendment
Statement of Revenues, Expenditures, and Changes in Fund Balance General Fund

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	

Revenues					
Special Assessments - Tax Roll	$	466,938	$	4,934	$	471,872	$	471,872	
Special Assessments - Direct Bill	86,889	-	86,889	86,889	
Interest Income	-	671	671	671	
Other Income	-	2,140	2,140	2,140	
Total Revenues	$	553,827	$	7,745	$	561,572	$	561,572	

Expenditures					
General & Administrative:					
Supervisors Fees	$	6,000	$	(6,000)	$	-	$	-	
FICA Expense	459	(459)	-	-	
Engineering	11,000	-	11,000	5,125	
Arbitrage	1,800	-	1,800	-	
Attorney	20,000	-	20,000	6,144	
Annual Audit	7,500	(2,700)	4,800	4,800	
Assessment Administration	5,618	-	5,618	5,618	
Trustee Fees	12,500	(100)	12,400	12,400	
Dissemination	8,427	2,750	11,177	11,177	
Management Fees	53,090	-	53,090	53,090	
Website Maintenance	1,685	-	1,685	1,685	
Information Technology	2,528	-	2,528	2,528	
Telephone	500	-	500	171	
Postage	1,500	-	1,500	949	
Insurance	5,590	391	5,981	5,981	
Printing & Binding	500	277	777	777	
Legal Advertising	2,000	571	2,571	2,571	
Other Current Charges	300	-	300	154	
Office Supplies	150	-	150	4	
Dues, Licenses & Subscriptions	175	-	175	175	
Total General & Administrative	$	141,323	$	(5,270)	$	136,053	$	113,349	

Operations & Maintenance					
Ground Maintenance:
Landscape - Maintenance	
$	145,978	
$	4,666	
$	150,643	
$	150,643	
Landscape - Contingency	27,700	2,398	30,098	30,098	
Mulch	22,766	-	22,766	-	
Operations Management	25,000	(18,750)	6,250	6,250	
Lake Maintenance	10,000	-	10,000	7,940	
Electric	50,000	20,622	70,622	70,622	
Water/Sewer/Irrigation	20,000	-	20,000	-	
Repairs & Maintenance	10,000	33,461	43,461	43,461	
Irrigation Repairs	13,000	3,132	16,132	16,132	
Pest Control	2,000	-	2,000	1,540	
Total Ground Maintenance	$	326,444	$	45,529	$	371,973	$	326,687	

Amenity Center:					
Amenity Manager	$	20,000	$	34,899	$	54,899	$	54,899	
Insurance	13,300	22,626	35,926	35,926	

Cordova Palms
Community Development District
FY 2025 Budget Amendment
Statement of Revenues, Expenditures, and Changes in Fund Balance General Fund

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	
Refuse	4,261	(199)	4,062	4,062	
Gas	3,000	(2,149)	851	851	
Janitorial Services	12,000	-	12,000	12,000	
Access Cards	2,500	1,719	4,219	4,219	
Pool Maintenance	18,000	168	18,168	18,168	
Pool Chemicals	13,000	-	13,000	13,000	
Special Events	-	1,000	1,000	1,000	
Holiday Decoration	-	6,416	6,416	6,416	
Water & Sewer	-	23,245	23,245	23,245	
Licenses & Subscriptions	-	761	761	761	
Fitness Equipment Leasing	-	19,830	19,830	19,830	
Total Amenity Center	$	86,061	$	108,316	$	194,377	$	194,377	
					
Total Expenses	$	553,827	$	148,575	$	702,403	$	634,412	
					
Excess Revenues (Expenditures)	$	-	$	(140,830)	$	(140,830)	$	(72,840)	
					
Fund Balance - Beginning	$	-	$	140,830	$	140,830	$	208,888	
					
Fund Balance - Ending	$	-	$	-	$	-	$	136,048