Copper Creek	
Community Development District	

Adopted Budget	
FY 2025	

Table of Contents

1-2		General Fund	

3	
	Series 2021 Note Amortization Schedule	

4-5	
	Narratives	

6	
	Debt Service Fund Series 2019	

7	
	Series 2019 Amortization Schedule	

8	
	Assessment Schedule	

Copper Creek	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - On Roll	$141,118	$141,493	$-	$141,493	$144,185	
Stormwater Rebate	72,576	72,043	533	72,576	76,896	
Interest income	5,000	13,672	2,734	16,407	7,000	

TOTAL REVENUES	$218,694	$227,209	$3,267	$230,476	$228,081	

EXPENDITURES:

Administrative						
Supervisor Fees	$-	$-	$-	$-	$4,000	
FICA Taxes	-	-	-	-	306	
Engineering	10,000	5,136	1,667	6,802	10,000	
Attorney	15,000	6,678	2,226	8,903	15,000	
Annual Audit	5,000	4,971	-	4,971	5,000	
Assessment Administration	-	3,500	-	3,500	4,971	
Arbitrage Rebate	1,200	-	600	600	1,200	
Dissemination Agent	5,000	4,167	833	5,000	5,350	
Trustee Fees	6,000	4,000	-	4,000	6,000	
Management Fees	33,949	28,291	5,658	33,949	36,325	
Information Technology	1,000	833	167	1,000	1,200	
Website Maintenance	1,000	833	167	1,000	1,200	
Telephone	50	-	8	8	50	
Postage & Delivery	500	147	83	231	500	
Insurance General Liability	7,575	124	-	124	7,877	
Printing & Binding	600	7,161	100	7,261	600	
Legal Advertising	1,500	622	250	872	1,500	
Other Current Charges	700	100	117	217	700	
Office Supplies	100	-	17	17	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Outlay	100	-	17	17	100	
Operating Reserve	26,684	-	4,447	4,447	17,046	

TOTAL ADMINISTRATIVE	$116,133	$66,737	$16,356	$83,093	$119,200	

Copper Creek	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

Operations & Maintenance

Field Expenditures						
Field Management	$-	$-	$-	$-	$2,000	
Stormwater Maintenance /R&R	44,576	-	44,576	44,576	48,896	
Stormwater Contingencies	5,000	-	$833	833	5,000	
Lake Management	15,500	12,750	2,550	15,300	15,500	
Midge Control	5,700	4,680	936	5,616	5,700	
Littoral Maintence	1,800	1,500	300	1,800	1,800	
TOTAL FIELD EXPENDITURES	$72,576	$18,930	$49,195	$68,125	$78,896	

Street Lighting Loan						
Series 2021 						
Interest - 11/01	$2,023	$2,025	$-	$2,025	$1,381	
Principal - 5/1	25,939	25,936	-	25,936	27,223	
Interest - 5/01	2,023	2,025	-	2,025	1,381	

TOTAL STREET LIGHTING LOAN	$29,985	$29,987	$-	$29,987	$29,985	

TOTAL EXPENDITURES	$218,694	$115,654	$65,552	$181,205	$228,081	

EXCESS REVENUES (EXPENDITURES)	$(0)	$111,555	$(62,285)	$49,271	$	-	

Copper Creek	
Community Development District	
AMORTIZATION SCHEDULE	
Series 2021 Note	

Period	Outstanding Balance	Principal	Interest	Total	

11/01/24	55,794	-	1,381	29,985.23	
05/01/25	28,571	27,223	1,381		
11/01/25	28,571	-	707	29,985.24	
05/01/26	-	28,571	707		

Total	$55,794	$4,176	$59,970	

Copper Creek	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

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.	
Storm Water Fee Assessment	
The City of Port St. Lucie assesses the residents of the District for Repairs, Maintenance and Capital Improvements of the Drainage System. The city then remits the storm water fees less an administrative fee to the District since the District provides all of these services.	
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.  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 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	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
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 receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	

Copper Creek	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	
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 the Florida Department of Commerce for $175.	
Capital Outlay	
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.	
Operating Reserves	
Funds for expenditures of the District will be incurred before assessments are collected.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

Expenditures – Field	

Field Management	
The District has a contract Governmental Management Services, South Florida, LLC for on-site management. The responsibilities include reviewing contracts and other maintenance related items.	
Stormwater Maintenance/R&R	
Represents the maintenance of the stormwater management system.	
Stormwater Contingencies	
Represents any contingencies of the stormwater management system.	
Lake Management	
Includes monthly cleaning of all District lakes.	
Midge Control	
Includes monthly midge management services.	
Littoral Maintenance	
Includes maintenance of littoral plants.	
Street Lighting Loan	
Represents the principal and interest payments of the loan for the purchase and installation of new street lighting within the Copper
Creek Community Development District.	

Copper Creek	
Community Development District	
Adopted Budget	
Debt Service Series 2019 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2024	7/31/24	2 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments-On Roll	$316,252	$317,037	$-	$317,037	$323,127	
Interest Earnings	3,000	17,870	3,574	21,444	10,000	
Carry Forward Surplus (1)	245,219	243,919	-	243,919	272,356	
TOTAL REVENUES	$564,471	$578,825	$3,574	$582,399	$605,483	

EXPENDITURES:

Interest - 11/1	$110,866	$110,894	$-	$110,894	$109,122	
Principal - 11/1	90,000	90,000	-	90,000	95,000	
Interest - 5/1	109,122	109,150	-	109,150	107,281	

TOTAL EXPENDITURES	$309,988	$310,044	$-	$310,044	$311,403	

TOTAL EXPENDITURES	$309,988	$310,044	$-	$310,044	$311,403	

EXCESS REVENUES (EXPENDITURES)	$254,484	$268,782	$3,574	$272,356	$294,080	

Interest Due 11/1/25	$107,281.25	
Principal Due 11/1/25	$100,000.00	
	$207,281.25	

(1) Carry Forward is Net of Reserve Requirement

Copper Creek	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2019 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	4,560,000	3.875%	95,000	109,122		
05/01/25	4,465,000	3.875%	-	107,281	314,562.50	
11/01/25	4,465,000	4.000%	100,000	107,281		
05/01/26	4,365,000	4.000%	-	105,281	315,562.50	
11/01/26	4,365,000	4.000%	105,000	105,281		
05/01/27	4,260,000	4.000%	-	103,181	316,362.50	
11/01/27	4,260,000	4.000%	110,000	103,181		
05/01/28	4,150,000	4.000%	-	100,981	311,962.50	
11/01/28	4,150,000	4.000%	110,000	100,981		
05/01/29	4,040,000	4.000%	-	98,781	312,562.50	
11/01/29	4,040,000	4.000%	115,000	98,781		
05/01/30	3,925,000	4.000%	-	96,481	312,962.50	
11/01/30	3,925,000	4.750%	120,000	96,481		
05/01/31	3,805,000	4.750%	-	93,631	312,262.50	
11/01/31	3,805,000	4.750%	125,000	93,631		
05/01/32	3,680,000	4.750%	-	90,663	316,325.00	
11/01/32	3,680,000	4.750%	135,000	90,663		
05/01/33	3,545,000	4.750%	-	87,456	314,912.50	
11/01/33	3,545,000	4.750%	140,000	87,456		
05/01/34	3,405,000	4.750%	-	84,131	313,262.50	
11/01/34	3,405,000	4.750%	145,000	84,131		
05/01/35	3,260,000	4.750%	-	80,688	311,375.00	
11/01/35	3,260,000	4.750%	150,000	80,688		
05/01/36	3,110,000	4.750%	-	77,125	314,250.00	
11/01/36	3,110,000	4.750%	160,000	77,125		
05/01/37	2,950,000	4.750%	-	73,325	311,650.00	
11/01/37	2,950,000	4.750%	165,000	73,325		
05/01/38	2,785,000	4.750%	-	69,406	313,812.50	
11/01/38	2,785,000	4.750%	175,000	69,406		
05/01/39	2,610,000	4.750%	-	65,250	315,500.00	
11/01/39	2,610,000	5.000%	185,000	65,250		
05/01/40	2,425,000	5.000%	-	60,625	316,250.00	
11/01/40	2,425,000	5.000%	195,000	60,625		
05/01/41	2,230,000	5.000%	-	55,750	311,500.00	
11/01/41	2,230,000	5.000%	200,000	55,750		
05/01/42	2,030,000	5.000%	-	50,750	311,500.00	
11/01/42	2,030,000	5.000%	210,000	50,750		
05/01/43	1,820,000	5.000%	-	45,500	316,000.00	
11/01/43	1,820,000	5.000%	225,000	45,500		
05/01/44	1,595,000	5.000%	-	39,875	314,750.00	
11/01/44	1,595,000	5.000%	235,000	39,875		
05/01/45	1,360,000	5.000%	-	34,000	313,000.00	
11/01/45	1,360,000	5.000%	245,000	34,000		
05/01/46	1,115,000	5.000%	-	27,875	315,750.00	
11/01/46	1,115,000	5.000%	260,000	27,875		
05/01/47	855,000	5.000%	-	21,375	312,750.00	
11/01/47	855,000	5.000%	270,000	21,375		
05/01/48	585,000	5.000%	-	14,625	314,250.00	
11/01/48	585,000	5.000%	285,000	14,625		
05/01/49	300,000	5.000%	-	7,500	315,000.00	
11/01/49	300,000	5.000%	300,000	7,500		

Total	$4,560,000	$3,492,197	$7,848,075	

Copper Creek	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Product Type	O&M Units	Bonds Units
2019	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	

Single Family	

576	

575	

$266.30	

$266.30	

$0.00	

$597.83	

$597.83	

$0.00	

$864.13	

$864.13	

$0.00	
Total	576	575										

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