Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
1									
2	ASSESSMENT REVENUES								
3									
4	Special Assessments								
5	Tax Roll	$	504,702.00	$	504,702	$	497,125	$	7,577	$	591,219	$	94,094		
6									
7	Assessment Revenue Subtotal	$	504,702	$	504,702	$	497,125	$	7,577	$	591,219	$	94,094	
8									
9	OTHER REVENUES								
10									
11	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
12	Interest Earnings	$	1,229.00	$	1,844	$	-	$	1,844	$	-	$	-		
13									
14	Other Revenue Subtotal	$	1,229	$	1,844	$	-	$	1,844	$	-	$	-	
15								
16	TOTAL REVENUES	$	505,931	$	506,546	$	497,125	$	9,421	$	591,219	$	94,094	
17									
18	EXPENDITURES - ADMINISTRATIVE								
19									
20	Legislative								

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
21	Supervisor Fees	$	600	$	900	$	4,000	$	3,100	$	4,000	$	-		
22	Financial & Administrative								
23	Accounting Services	$	12,585	$	18,878	$	18,878	$	1	$	18,878	$	-		
24	Administrative Services	$	6,405	$	9,609	$	9,609	$	1	$	9,609	$	-		
25	Arbitrage Rebate Calculation	$	-	$	450	$	450	$	-	$	450	$	-		
26	Assessment Roll	$	5,150	$	5,150	$	5,150	$	-	$	5,150	$	-		
27	Auditing Services	$	-	$	4,250	$	4,250	$	-	$	4,250	$	-		
28	District Engineer	$	936	$	1,404	$	1,200	$	(204)	$	5,000	$	3,800		
29	District Management	$	21,321	$	31,982	$	31,982	$	1	$	31,982	$	-		
30	Dues, Licenses & Fees	$	175	$	88	$	175	$	88	$	175	$	-		
31	Financial & Revenue Collections	$	3,605	$	5,408	$	5,408	$	1	$	6,608	$	1,200		
32	Legal Advertising	$	524	$	786	$	3,200	$	2,414	$	3,200	$	-		
33	Management Contract	$	24,109	$	36,164	$	35,000	$	(1,164)	$	35,000	$	-		
34	Public Officials Liability Insurance	$	3,922	$	3,922	$	4,163	$	241	$	4,163	$	-		
35	Trustees Fees	$	2,694	$	4,041	$	3,750	$	(291)	$	5,388	$	1,638		
36	Website Hosting, Maintenance, Backup & Email	$	1,980	$	2,970	$	3,840	$	870	$	4,200	$	360		
37	Legal Counsel								
38	District Counsel	$	6,839	$	10,259	$	42,500	$	32,242	$	42,500	$	-		
39									
40	Administrative Subtotal	$	90,845	$	136,258	$	173,555	$	37,298	$	180,553	$	6,998	

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
41									
42	EXPENDITURES - FIELD OPERATIONS								
43									
44	Electric Utility Services								
45	Utility Services	$	8,167	$	12,251	$	15,000	$	2,750	$	16,500	$	1,500		
46	Garbage/Solid Waste Control Services								
47	Trash Removal	$	-	$	-	$	-	$	-	$	2,500	$	2,500		
48	Water-Sewer Combination Services								
49	Utility Services	$	3,726	$	5,589	$	15,000	$	9,411	$	16,500	$	1,500		
50	Stormwater Control								
51	Aquatic Maintenance	$	5,504	$	8,256	$	5,770	$	(2,486)	$	9,100	$	3,330		
52	Lake/Pond Bank Maintenance & Repair	$	-	$	-	$	2,000	$	2,000	$	2,000	$	-		
53	Other Physical Environment								
54	Entry & Walls/Beach Ball Area Maintenance	$	-	$	-	$	-	$	-		$	-		
55	General Liability/Crime Insurance	$	19,024	$	19,024	$	20,900	$	1,876	$	23,802	$	2,902		
56	Irrigation Maintenance	$	-	$	10,000	$	10,000	$	-	$	10,000	$	-		
57	Landscape Maintenance	$	127,476	$	191,214	$	154,500	$	(36,714)	$	161,000	$	6,500		
58	Ornamental Lighting & Maintenance	$	1,903	$	2,855	$	5,000	$	2,146	$	5,000	$	-		
59	Tree Trimming Services	$	1,235	$	1,853	$	15,000	$	13,148	$	15,000	$	-		
60	Road & Street Facilities								

Proposed Budget
Pier Park Community Development District
General Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget through 05/30/26 Totals 2025/2026		for 2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
61	Parking Lot Repair & Maintenance	$	-	$	5,000	$	5,000	$	-	$	5,000			
62	Sidewalk Maintenance & Repair	$	21,800	$	32,700	$	10,000	$	(22,700)	$	20,000	$	10,000		
63	Street Light/Decorative Light Maintenance	$	6,366	$	9,549	$	12,000	$	2,451	$	13,000	$	1,000		
64	Street/Parking Lot Sweeping	$	14,883	$	22,325	$	13,400	$	(8,925)	$	22,264	$	8,864		
65	Contingency								
66	Miscellaneous Contingency	$	7,718	$	36,577	$	40,000	$	3,423	$	89,000	$	49,000		
67									
68	Field Operations Subtotal	$	217,802	$	357,191	$	323,570	$	(33,621)	$	410,666	$	87,096	
69								
70	TOTAL EXPENDITURES	$	308,647	$	493,449	$	497,125	$	3,677	$	591,219	$	94,094	
71								
72	EXCESS OF REVENUES OVER EXPENDITURES	$	197,284	$	13,097	$	-	$	13,098	$	-	$	-	
73								

Proposed Budget
Pier Park Community Development District
Reserve Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	Actual YTD through	Projected Annual	Annual Budget for
05/30/26	Totals 2025/2026	2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026		
1									
2	ASSESSMENT REVENUES								
3									
4	Special Assessments	$	972							
5	Tax Roll	$	13,050	$	13,050	$	13,050	$	-	$	13,050	$	-		
6									
7	Assessment Revenue Subtotal	$	14,022	$	13,050	$	13,050	$	-	$	13,050	$	-	
8									
9	OTHER REVENUES								
10									
11	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
12									
13	Other Revenue Subtotal	$	-	$	-	$	-	$	-	$	-	$	-	
14								
15	TOTAL REVENUES	$	14,022	$	13,050	$	13,050	$	-	$	13,050	$	-	
16									
17	EXPENDITURES								
18									
19	Contingency								
20	Capital Reserves	$	-	$	-	$	13,050	$	13,050	$	13,050	$	-		
21				.					
22	TOTAL EXPENDITURES	$	-	$	-	$	13,050	$	13,050	$	13,050	$	-	

	

Comments	

	

	

	

	

	

	

	

Proposed Budget
Pier Park Community Development District
Reserve Fund Fiscal Year 2026/2027	
	
Chart of Accounts Classification	Actual YTD through	Projected Annual	Annual Budget for
05/30/26	Totals 2025/2026	2025/2026	Projected Budget variance for 2025/2026	
Budget for 2026/2027	Budget Increase (Decrease) vs 2025/2026	
23								
24	EXCESS OF REVENUES OVER EXPENDITURES	$	14,022	$	13,050	$	-	$	13,050	$	-	$	-	
25								

	

Comments	

	

Pier Park Community Development District Debt Service
Fiscal Year 2026/2027	

Chart of Accounts Classification	Series 2014	

Budget for 2026/2027	
			
REVENUES			
Special Assessments			
Net Special Assessments (1)	$442,439.19	$442,439.19	
OLTR/TIR Contribution	$696,220.42	$696,220.42	
			
TOTAL REVENUES	$1,138,659.61	$1,138,659.61	
			
EXPENDITURES			
Administrative			
Debt Service Obligation	$1,138,659.61	$1,138,659.61	
Administrative Subtotal	$1,138,659.61	$1,138,659.61	
			
TOTAL EXPENDITURES	$1,138,659.61	$1,138,659.61	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	

Bay County Collection Costs (2%) and Early Payment Discounts (4%):	6.0%

$1,211,340.01

GROSS ASSESSMENTS

Notes:
Tax Roll Collection Costs and Early Payment Discount percentages are 6% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.
(1)	Maximum Annual Debt Service less Prepaid Assessments received.

PIER PARK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE

2026/2027 O&M Budget:		$604,269.00	2025/2026 O&M Budget:	$510,175.00	
Bay County Collection Costs:	2%	$12,856.79	2026/2027 O&M Budget:	$604,269.00	
Early Payment Discounts:	4%	$25,713.57			
2026/2027 Total:		$642,839.36	Total Difference:	$94,094.00	

Lot Size	Assessment Breakdown

Retail / Commercial

Hotel

Time Share

Series 2014 Debt Service (1)

Per Product Annual Assessment Comparison
2025/2026	2026/2027	

$383,467.26	
$383,467.26	
$442,174.68	$523,727.06	
$825,641.94	$907,194.32	

$56,801.25	
$56,801.25	
$65,497.31	$77,577.29	
$122,298.56	$134,378.54	

$30,411.48	
$30,411.48	
$35,067.37	$41,535.01	
$65,478.85	$71,946.49	

Proposed Increase / Decrease
$	%	

$0.00	
0.00%	
$81,552.38	18.44%	
$81,552.38	9.88%	

$0.00	
0.00%	
$12,079.98	18.44%	
$12,079.98	9.88%	

$0.00	
0.00%	
$6,467.64	18.44%	
$6,467.64	9.88%	

Operations & Maintenance

Total

Series 2014 Debt Service (1)
Operations & Maintenance

Total

Series 2014 Debt Service (1)
Operations & Maintenance

Total

(1) The Debt Service Total Assessment represents the balance due as a result of the scheduled OLTR funding shortfall.

PIER PARK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE	

TOTAL O&M BUDGET COLLECTION COSTS
EARLY PAYMENT DISCOUNTS TOTAL O&M ASSESSMENT	

2.0%
4.0%	

$604,269.00
$12,856.79
$25,713.57
$642,839.36	
	UNIT ALLOCATION		ALLOCATION OF O&M ASSESSMENT		ANNUAL ASSESSMENT PER SQ FT		
	
SERIES 2014
PRODUCT	O&M SQ FT	DEBT SERVICE (1)		
% OF O&M	TOTAL O&M ASSESSMENT		BUDGET		
SERIES 2014
O&M	DEBT SERVICE (2)	TOTAL (3)		
	
Retail/Commercial	1,162,022	1,162,022
Hotel	172,125	172,125
Time Share	92,156	92,156

Total Community	1,426,303	1,426,303		
81.47%	$523,727.06
12.07%	$77,577.29
6.46%	$41,535.01

100.00%	$642,839.36		
$0.45	$0.33	$0.78
$0.45	$0.33	$0.78
$0.45	$0.33	$0.78		

LESS: Bay County Collection Costs (2%) and Early Payment Discount Costs (4%)	($38,570.36)

Net Revenue to be Collected	$604,269.00	

(1)	Reflects the total square footage with Series 2014 debt outstanding.

(2)	Annual debt service assessment per square foot adopted in connection with the Series 2014 bond issue. Annual assessment includes principal, interest, Bay County collection costs and early payment discount costs.

(3)	Annual assessment that would appear on November 2026 Bay County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.

(4)	The Debt Service Total Assessment represents the balance due as a result of an anticipated OLTR funding shortfall due to a change in distribution calculation. Covers the 38.83% of May and November 2025 payments.