Bellagio
Community Development District

Approved Proposed Budget
FY 2027

Table of Contents

1-2

3-6

7-8

9-10

	General Fund

	Narratives

	Debt Service Fund Series 2013

	Debt Service Fund Series 2016

11		Assessment Schedule

Bellagio	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted
Budget	Actuals Thru	Projected Next	Projected Thru	Approved
Proposed	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	483,346	$	433,167	$	50,179	$	483,346	$	661,326	
Interest income	15,000	7,663	15,337	23,000	15,000	
Clubhouse Revenues	-	-	1,800	1,800	-	
Other Revenues	-	-	100,000	100,000	-	
Carry Forward Surplus	35,141	88,997	34,693	123,690	34,693	

TOTAL REVENUES	$	533,487	$	529,827	$	202,008	$	731,836	$	711,019	

EXPENDITURES:

Administrative:						
Supervisor Fees	$	5,000	$	800	$	4,000	$	4,800	$	5,000	
FICA Taxes	383	61	306	367	383	
Engineering	5,000	-	5,000	5,000	5,000	
Attorney	15,000	6,108	8,893	15,000	15,000	
Annual Audit	3,600	3,600	-	3,600	3,700	
Assessment Administration	2,120	2,120	-	2,120	2,247	
Arbitrage Rebate	650	-	650	650	650	
Dissemination Agent	2,194	731	1,463	2,194	2,326	
Trustee Fees	7,000	3,500	3,500	7,000	7,000	
Management Fees	37,375	12,458	24,916	37,375	39,618	
Information Technology	557	186	371	557	590	
Website Maintenance	1,242	414	828	1,242	1,317	
Telephone	105	-	-	-	-	
Postage & Delivery	750	116	234	350	400	
Insurance General Liability	9,121	8,123	-	8,123	9,121	
Printing & Binding	1,500	-	100	100	500	
Legal Advertising	1,000	-	1,500	1,500	1,500	
Other Current Charges	650	216	784	1,000	1,000	
Office Supplies	150	-	50	50	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	93,571	$	38,609	$	52,594	$	91,202	$	95,576	

Operations & Maintenance

Field						
Stormwater Drainage System Maintenance	$	-	$	-	$	-	$	-	$	15,000	

TOTAL DRAINAGE	$	-	$	-	$	-	$	-	$	15,000	

Bellagio	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted
Budget	Actuals Thru	Projected Next	Projected Thru	Approved
Proposed	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

Clubhouse Expenditures
Management Fees - Front Desk & Director	
$	140,642	
$	51,436	
$	103,963	
$	155,398	
$	157,304	
Pool Attendants	13,000	-	13,000	13,000	13,000	
Access Control	2,000	-	2,000	2,000	2,000	
Cable/Internet Services	7,800	2,626	5,440	8,066	8,160	
Utilities - Electric	30,000	10,015	21,600	31,615	33,000	
Utilities - Water	5,000	673	2,627	3,300	3,500	
Copier Lease	2,000	431	861	1,292	2,000	
Property Insurance	45,396	42,925	-	42,925	47,218	
Repairs & Maintenance	49,897	4,500	20,500	25,000	25,000	
Pool & Spa Maintenance	30,000	16,400	32,800	49,200	49,200	
Pool & Spa Repairs	2,400	79,256	86,914	166,170	150,000	
Pool & Spa Permit	600	-	501	501	501	
Landscape Maintenance	9,900	3,300	6,600	9,900	9,900	
Landscape Replacement	6,000	-	6,000	6,000	6,000	
Replacements annuals	10,000	-	10,000	10,000	10,000	
Janitorial Services	36,691	12,315	25,140	37,456	37,710	
Janitorial Supplies	3,600	-	-	-	-	
Fitness Equipment Maintenance	1,080	360	720	1,080	1,080	
Fitness Equipment Repair/Replacements	5,000	1,099	3,901	5,000	5,000	
Pest Control	1,686	562	1,124	1,686	1,686	
Contingencies	7,168	2,000	-	2,000	2,000	
Refuse Service	6,056	1,987	4,696	6,683	7,000	
Special Events	3,000	-	-	-	-	
Office/Clubhouse Supplies	16,000	4,719	11,281	16,000	18,000	
Alarm Monitoring	1,500	-	1,500	1,500	-	
Air Conditioning Maintenance	3,500	462	1,386	1,848	11,184	
Capital Outlay	-	8,321	-	8,321	-	

TOTAL AMENITY EXPENDITURES	$	439,916	$	243,387	$	362,553	$	605,940	$	600,443	

TOTAL EXPENDITURES	$	533,487	$	281,995	$	415,147	$	697,143	$	711,019	

EXCESS REVENUES (EXPENDITURES)	$	-	$	247,832	$	(213,139)	$	34,693	$	-	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	209	$  235,275.48	$	869.72	$	1,125.72	$	256.00	
Townhomes	206	$  231,898.98	$	869.72	$	1,125.72	$	256.00	
Villas	170	$  191,372.94	$	869.72	$	1,125.72	$	256.00	
Annexation	178	$	37,584.14	$	-	$	211.15	$	211.15	

Total	763	$	696,132	
Less: Discounts & Collections 5%			34,807 	
Net Assessments		 $	661,325 	

Bellagio	
Community Development District	
Budget Narrative	
FY 2027	

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.	
Interest	
The District earns interest on the monthly average collected balance for each of their operating 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 5	
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.	
Arbitrage Rebate	
The District has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its bonds.	
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.	

Bellagio	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures - Administrative (continued)	
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.				
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.	
Expenditures – Clubhouse (continued)				
Management Fees - Front Desk & Director	
The District is currently contracted with Miami Management, Inc. for the onsite management of the Clubhouse. The current contract is being revised by the board and includes the following responsibilities	
Description	Vendor	Monthly	Total	
Admin Mgmt.	Miami Mgmt Inc.	$1,230	$14,760	
Clubhouse Attendant	Miami Mgmt Inc.	7,765	93,184	
On Site Manager	Miami Mgmt Inc.	4,000	48,000	
Health insurance and cell phone	Miami Mgmt Inc.	30	360	
Greeter	Miami Mgmt Inc.			0		1,000	
	Total	$13,025	$157,304	
Pool Attendants				
Pool attendants in summer season.				
Description	Vendor		Total	
Pool attendants	Miami Mgmt Inc.		$13,000	
Access Control				
This represents the cost of Key Fobs for the residents to gain access to the clubhouse.	
Internet/Cable Services				
The District is contracted with Comcast to provide service to the Clubhouse.	
Utilities - Electric				
The District currently has an account with Florida Powers & Light for electric service at 8700 W 35 Court.	
Description	Vendor	Monthly	Total	
Fountain	FPL	$1,250	$15,000	
Clubhouse	FPL			1,250		15,000	
	Total	$2,500	$30,000	

Bellagio	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures – Clubhouse (continued)	
Utilities - Water				
The District currently has an account with The City of Hialeah for water service at 8700 W 35 Court.	
Location	Vendor	Quarterly	Total	
8700 W 35 Ct	City of Hialeah	$875	$3,500	
Copier Lease				
This represents costs for a copier lease.				
Description	Vendor	Monthly	Total	
Copier Lease	Ricoh USA	$108	$1,292	
Additional copies	Ricoh USA				100	
	Total	$108	$1,392	
Property Insurance				
The District's property insurance is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.	
Repairs & Maintenance				
Represents routine repairs to the Clubhouse.	
Pool & Spa Maintenance				
The District is contracted with a pool service company. for the maintenance of the clubhouse pool.	
Description	Vendor	Monthly	Total	
Pool service	ADN Pool Services	$4,100	$49,200	
Pool & Spa Repairs				
This represents cost for repairs of the pool and the spa.	
Landscape Maintenance				
The District has a contract with a landscape company for monthly services.	
Description	Vendor	Monthly	Total	
Landscape Maintenance	EcoLawn Service	$825	$9,900	
Landscape Replacement				
This represents costs for any mulch and sod replacements.	
Replacements Annuals				
This represents replacements of annuals throughout the District.	
Janitorial Services				
Janitorial services are contracted by Miami Management, Inc. as mentioned in Management Fees above.	
Description	Vendor	Monthly	Total	
Housekeeping	Miami Mgmt Inc.	$3,143	$37,710	
Janitorial Supplies				
This represents any cleaning supplies.				
Fitness Equipment Maintenance				
The District is contracted with The Fitness Solution for the regular maintenance of the fitness equipment.	
Description	Vendor	Bi-monthly	Total	
Rout Prevention Maintenance	The Fitness Solution	$180	$1,080	
Fitness Equipment Repair/Replacement		
The District is contracted with The Fitness Solution for repairs as needed.		

Bellagio	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures – Clubhouse (continued)	
Pest Control				
The District will contract a company for pest control services.	
Description	Vendor	Bi-monthly	Total	
Pest Control	Power Exterminators	$231	$1,386	
Indoor Pest Control	Power Exterminators		50		300	
	Total	$281	$1,686	
Contingency				
Represents any expenditures not mentioned above during the Fiscal Year.	
Refuse Service				
The District is contracted with Great Waste & Recycling for refuse removal.	
Description	Vendor	Monthly/Quarte	Total	
Waste	Great Waste&Recycling	$407	$4,882	
Dumpster cleaning	Great Waste&Recycling		0		0	
	Total	$407	$4,882	
Special Events				
Represents the cost of any social events at the clubhouse.	
Office/Clubhouse Supplies				
Miscellaneous supplies as needed				
Description	Vendor	Monthly	Total	
Operating Supplies	Unline Inc	$1,500	$18,000	
Alarm Monitoring				
The District has a contract for fire alarm monitoring.	
Air Conditioning Maintenance				
The District will contract a company to repair and maintain the A/C of the clubhouse	
Description	Vendor	Quarterly	Total	
A/C Maintenance	Keeping it Cool HVAC	$342	$1,368	
Repairs	Keeping it Cool HVAC		                  2,132	
	Total	$342	$3,500	

Bellagio	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2013 Special Assessment Bonds	

Adopted
Budget	Actuals Thru	Projected Next	Projected Thru	Approved
Proposed	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	658,673	$	588,344	$	70,328	$	658,673	$	658,673	
Interest Earnings	20,000	11,935	8,065	20,000	20,000	
Carry Forward Surplus (1)	64,475	668,290	-	668,290	697,913	

TOTAL REVENUES	$	743,147	$  1,268,570	$	78,393	$	1,346,963	$  1,376,585	

EXPENDITURES:

Interest 11/1	$	227,525	$	227,525	$	-	$	227,525	$	221,525	
Principal - 11/1	200,000	200,000	-	200,000	215,000	
Interest - 5/1	221,525	-	221,525	221,525	215,075	

TOTAL EXPENDITURES	$	649,050	$	427,525	$	221,525	$	649,050	$	651,600	

EXCESS REVENUES (EXPENDITURES)	$	94,097	$	841,045	$	(143,132)	$	697,913	$	724,985	

Interest Due 11/1/27	$	215,075	
Principal Due 11/1/27		225,000 	
	 $	440,075 	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	204	$  258,882.12	$	1,269.03	$	1,269.03	$	-	
Townhomes	205	$  242,279.25	$	1,181.85	$	1,181.85	$	-	
Villas	170	$  192,178.20	$	1,130.46	$	1,130.46	$	-	

Total	579	$	693,340	
Less: Discounts & Collections 5%			34,667 	
Net Assessments		 $	658,673 	

Bellagio	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2013, Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/14	$	8,730,000	6.000%	$	-	$	279,645	$	-	
11/01/14	8,730,000	6.000%	105,000	278,100	662,745	
05/01/15	8,625,000	6.000%	-	274,950	-	
11/01/15	8,625,000	6.000%	115,000	274,950	664,900	
05/01/16	8,510,000	6.000%	-	271,500	-	
11/01/16	8,510,000	6.000%	120,000	271,500	663,000	
05/01/17	8,390,000	6.000%	-	267,900	-	
11/01/17	8,390,000	6.000%	130,000	267,900	665,800	
05/01/18	8,260,000	6.000%	10,000	264,000	-	
11/01/18	8,250,000	6.000%	135,000	264,000	673,000	
05/01/19	8,115,000	6.000%	30,000	260,031	-	
11/01/19	8,085,000	6.000%	145,000	258,650	693,681	
05/01/20	7,940,000	6.000%	-	254,300	-	
11/01/20	7,940,000	6.000%	150,000	254,300	658,600	
05/01/21	7,790,000	6.000%	-	249,800	-	
11/01/21	7,790,000	6.000%	160,000	249,800	659,600	
05/01/22	7,630,000	6.000%	15,000	245,000	-	
11/01/22	7,615,000	6.000%	170,000	244,538	674,538	
05/01/23	7,445,000	6.000%	-	239,438	-	
11/01/23	7,445,000	6.000%	180,000	239,438	658,875	
05/01/24	7,265,000	6.000%	10,000	234,038	-	
11/01/24	7,255,000	6.000%	205,000	233,713	682,750	
05/01/25	7,050,000	6.000%	-	227,525		
11/01/25	7,050,000	6.000%	200,000	227,525	655,050	
05/01/26	6,850,000	6.000%	-	221,525		
11/01/26	6,850,000	6.000%	215,000	221,525	658,050	
05/01/27	6,635,000	6.000%	-	215,075		
11/01/27	6,635,000	6.000%	225,000	215,075	655,150	
05/01/28	6,410,000	6.500%	-	208,325		
11/01/28	6,410,000	6.500%	240,000	208,325	656,650	
05/01/29	6,170,000	6.500%	-	200,525		
11/01/29	6,170,000	6.500%	255,000	200,525	656,050	
05/01/30	5,915,000	6.500%	-	192,238		
11/01/30	5,915,000	6.500%	270,000	192,238	654,475	
05/01/31	5,645,000	6.500%	-	183,463		
11/01/31	5,645,000	6.500%	290,000	183,463	656,925	
05/01/32	5,355,000	6.500%	-	174,038		
11/01/32	5,355,000	6.500%	310,000	174,038	658,075	
05/01/33	5,045,000	6.500%	-	163,963		
11/01/33	5,045,000	6.500%	330,000	163,963	657,925	
05/01/34	4,715,000	6.500%	-	153,238		
11/01/34	4,715,000	6.500%	350,000	153,238	656,475	
05/01/35	4,365,000	6.500%	-	141,863		
11/01/35	4,365,000	6.500%	370,000	141,863	653,725	
05/01/36	3,995,000	6.500%	-	129,838		
11/01/36	3,995,000	6.500%	395,000	129,838	654,675	
05/01/37	3,600,000	6.500%	-	117,000		
11/01/37	3,600,000	6.500%	420,000	117,000	654,000	
05/01/38	3,180,000	6.500%	-	103,350		
11/01/38	3,180,000	6.500%	450,000	103,350	656,700	
05/01/39	2,730,000	6.500%	-	88,725		
11/01/39	2,730,000	6.500%	480,000	88,725	657,450	
05/01/40	2,250,000	6.500%	-	73,125		
11/01/40	2,250,000	6.500%	510,000	73,125	656,250	
05/01/41	1,740,000	6.500%	-	56,550		
11/01/41	1,740,000	6.500%	545,000	56,550	658,100	
05/01/42	1,195,000	6.500%	-	38,838		
11/01/42	1,195,000	6.500%	580,000	38,838	657,675	
05/01/43	615,000	6.500%	-	19,988		
11/01/43	615,000	6.500%	615,000	19,988	654,975	

TOTAL	$	8,730,000	$	11,095,864	$	19,825,864	

Bellagio	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2016 Special Assessment Bonds	

Adopted
Budget	Actuals Thru	Projected Next	Projected Thru	Approved
Proposed	
Description	FY2026	1/31/26	8 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	398,409	$	355,869	$	42,539	$	398,409	$	398,409	
Interest Earnings	13,000	7,485	5,515	13,000	13,000	
Carry Forward Surplus (1)	416,753	410,339	-	410,339	428,579	

TOTAL REVENUES	$	828,161	$	773,693	$	48,054	$	821,748	$	839,987	

EXPENDITURES:

Interest 11/1	$	112,859	$	112,859	$	-	$	112,859	$	110,309	
Principal - 11/1	170,000	170,000	-	170,000	175,000	
Interest - 5/1	110,309	-	110,309	110,309	107,575	

TOTAL EXPENDITURES	$	393,169	$	282,859	$	110,309	$	393,169	$	392,884	

EXCESS REVENUES (EXPENDITURES)	$	434,993	$	490,834	$	(62,255)	$	428,579	$	447,103	

Interest Due 11/1/27	$	107,575	
Principal Due 11/1/27		180,000 	
	 $	287,575 	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	206	$  148,694.92	$	721.82	$	721.82	$	-	
Townhomes	205	$  147,973.10	$	721.82	$	721.82	$	-	
Villas	170	$  122,709.40	$	721.82	$	721.82	$	-	

Total	581	$	419,377	
Less: Discounts & Collections 5%			20,969 	
Net Assessments		 $	398,409 	

Bellagio	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2016, Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/16	6,950,000	2.000%	-	146,575	146,575	
05/01/17	6,950,000	2.000%	-	128,075		
11/01/17	6,950,000	2.000%	145,000	128,075	401,150	
05/01/18	6,805,000	2.000%	-	126,623		
11/01/18	6,805,000	2.000%	145,000	126,625	398,248	
05/01/19	6,660,000	2.000%	20,000	125,175		
11/01/19	6,640,000	2.000%	150,000	124,803	419,978	
05/01/20	6,490,000	2.000%	-	123,303		
11/01/20	6,490,000	2.250%	150,000	123,303	396,606	
05/01/21	6,340,000	2.250%	-	121,616		
11/01/21	6,340,000	2.250%	155,000	121,616	398,231	
05/01/22	6,185,000	2.250%	-	119,872		
11/01/22	6,185,000	2.500%	155,000	119,872	394,744	
05/01/23	6,030,000	2.500%	-	117,934		
11/01/23	6,030,000	2.750%	170,000	117,934	405,869	
05/01/24	5,860,000	2.750%	-	115,528		
11/01/24	5,860,000	3.000%	175,000	115,528	406,056	
05/01/25	5,685,000	3.000%	-	112,859		
11/01/25	5,685,000	3.000%	170,000	112,859	395,719	
05/01/26	5,515,000	3.000%	-	110,309		
11/01/26	5,515,000	3.125%	175,000	110,309	395,619	
05/01/27	5,340,000	3.125%	-	107,575		
11/01/27	5,340,000	3.750%	180,000	107,575	395,150	
05/01/28	5,160,000	3.750%	-	104,200		
11/01/28	5,160,000	3.750%	190,000	104,200	398,400	
05/01/29	4,970,000	3.750%	-	100,638		
11/01/29	4,970,000	3.750%	195,000	100,638	396,275	
05/01/30	4,775,000	3.750%	-	96,981		
11/01/30	4,775,000	3.750%	200,000	96,981	393,963	
05/01/31	4,575,000	3.750%	-	93,231		
11/01/31	4,575,000	3.750%	210,000	93,231	396,463	
05/01/32	4,365,000	3.750%	-	89,294		
11/01/32	4,365,000	4.000%	215,000	89,294	393,588	
05/01/33	4,150,000	4.000%	-	84,994		
11/01/33	4,150,000	4.000%	225,000	84,994	394,988	
05/01/34	3,925,000	4.000%	-	80,494		
11/01/34	3,925,000	4.000%	235,000	80,494	395,988	
05/01/35	3,690,000	4.000%	-	75,794		
11/01/35	3,690,000	4.000%	245,000	75,794	396,588	
05/01/36	3,445,000	4.000%	-	70,894		
11/01/36	3,445,000	4.000%	255,000	70,894	396,788	
05/01/37	3,190,000	4.000%	-	65,794		
11/01/37	3,190,000	4.125%	265,000	65,794	396,588	
05/01/38	2,925,000	4.125%	-	60,328		
11/01/38	2,925,000	4.125%	275,000	60,328	395,656	
05/01/39	2,650,000	4.125%	-	54,656		
11/01/39	2,650,000	4.125%	285,000	54,656	394,313	
05/01/40	2,365,000	4.125%	-	48,778		
11/01/40	2,365,000	4.125%	300,000	48,778	397,556	
05/01/41	2,065,000	4.125%	-	42,591		
11/01/41	2,065,000	4.125%	310,000	42,591	395,181	
05/01/42	1,755,000	4.125%	-	36,197		
11/01/42	1,755,000	4.125%	325,000	36,197	397,394	
05/01/43	1,430,000	4.125%	-	29,494		
11/01/43	1,430,000	4.125%	335,000	29,494	393,988	
05/01/44	1,095,000	4.125%	-	22,584		
11/01/44	1,095,000	4.125%	350,000	22,584	395,169	
05/01/45	745,000	4.125%	-	15,366		
11/01/45	745,000	4.125%	365,000	15,366	395,731	
05/01/46	380,000	4.125%	-	7,838		
11/01/46	380,000	4.125%	380,000	7,838	395,675	

TOTAL	$	6,950,000	$	5,124,232	$	12,074,232	

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

Neighborhood	O&M Units	Bonds Units
2013	Bonds Units
2016	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY 2026	Increase/ (decrease)	
FY 2027	
FY 2026	Increase/ (decrease)	
FY 2027	
FY 2026	Increase/ (decrease)	
				Admin	Clubhouse	Total	Admin	Clubhouse	Total		Series 2013	Series 2016	Series 2013	Series 2016		Total	Total	Total	

Single Family	
209	
204	
206	
$122.44	
$1,003.28	
$1,125.72	
$168.67	
$701.05	
$869.72	
$256.00	
$1,269.03	
$721.82	
$1,269.03	
$721.82	
$0.00	
$3,116.57	
$2,860.57	
$256.00	
Townhomes	206	205	205	$122.44	$1,003.28	$1,125.72	$168.67	$701.05	$869.72	$256.00	$1,181.85	$721.82	$1,181.85	$721.82	$0.00	$3,029.39	$2,773.39	$256.00	
Villas	170	170	170	$122.44	$1,003.28	$1,125.72	$168.67	$701.05	$869.72	$256.00	$1,130.46	$721.82	$1,130.46	$721.82	$0.00	$2,978.00	$2,722.00	$256.00	
Annexation	178	0	0	$211.15	$0.00	$211.15	$0.00	$0.00	$0.00	$211.15	$0.00	$0.00	$0.00	$0.00	$0.00	$211.15	$0.00	$211.15	
Total	763	579	581										

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