Montecito Community Development District
3501 Quadrangle Blvd., Suite 270, Orlando, FL 32817
Phone: 407-723-5900; Fax: 407-723-5901
www.montecitocdd.org

The Workshop meeting of the Montecito Community Development District Board of Supervisors will be held on Wednesday March 4, 2026, at 1:00 p.m. at Montecito Beach Club, 208 Montecito Drive, Satellite Beach, Florida, 32937. The proposed agenda for this Board Meeting is found below.
Please use the following information to join the telephonic conferencing:
Conference Call: 1-844-621-3956	Meeting number (access code): 2538 286 6774 Join online: https://pfmcdd.webex.com/meet/ripollv

BOARD OF SUPERVISORS’ MEETING AGENDA
Administrative Matters
Call to Order
Roll Call
Pledge of Allegiance
Public Comment Period (where members of the public desiring to speak on a specific agenda item may address the Board, limited to 3 minutes per person)

General Business Matters
1. Discussion of Fiscal Year 2027 Budget Adjournment 

Montecito Community Development District

Proposed Draft Fiscal Year 2027 Budget

Revenues

Year To Date

FY 2026	FY 2027		
Adopted	Proposed	Percentage	
Budget	Budget		

$ 1,056,071.09	
$	-	
94.29%	
333,842.87	-	94.29%	
23,882.28	-	48.21%	
1,440.00	-	0.00%	
4,136.00	-	0.00%	
$ 1,419,372.24	$	-	93.25%	

$	6,000.00	
$	-	
20.00%	
45,000.00	-	15.28%	
40,000.00	-	23.79%	
50,000.00	-	33.33%	
7,000.00	-	103.61%	
3,420.00	-	30.41%	
4,576.00	-	0.00%	
60.00	-	0.00%	
500.00	-	0.00%	
3,250.00	-	53.85%	
51,691.20	-	96.10%	
1,250.00	-	0.00%	
175.00	-	100.00%	
2,400.00	-	36.77%	
$	215,322.20	$	-	44.13%	

$	163,246.00	
$	-	
25.00%	

$	7,750.00	
$	-	
44.82%	
5,000.00	-	0.00%	
1,000.00	-	0.00%	
1,250.00	-	22.03%	
18,000.00	-	15.05%	
1,203.00	-	51.76%	
3,000.00	-	33.33%	
1,000.00	-	13.36%	
28,000.00	-	17.67%	
$	66,203.00	$	-	19.88%	

$	50,000.00	
$	-	
9.71%	
7,200.00	-	39.58%	
17,500.00	-	37.29%	
$	74,700.00	$	-	19.05%	

Actual	Budget	Variance

O&M Assessments	$	995,747.06		$	352,023.70		$	643,723.36	
Debt Assessments (S2022)	314,775.14		111,280.96		203,494.18	
Interest Income	11,514.15		7,960.76		3,553.39	
Townhome Mailbox Maintenance	-		480.00		(480.00)	
Stormwater Control - Cost Share	1,570.00		1,378.67		191.33	
Net Revenues	$  1,323,606.35		$	473,124.08		$	850,482.27	
General & Administrative Expenses

Supervisor Fees	$	1,200.00		$	2,000.00		$	(800.00)	
District Engineer	6,873.82		15,000.00		(8,126.18)	
Legal Fees	9,515.00		13,333.33		(3,818.33)	
District Management	16,666.68		16,666.67		0.01	
Assessment Roll	7,252.60		2,333.33		4,919.27	
Website Maintenance	1,040.00		1,140.00		(100.00)	
Auditing Services	-		1,525.33		(1,525.33)	
Tax Preparation Fees	-		20.00		(20.00)	
Arbitrage Rebate Calculation	-		166.67		(166.67)	
Trustee Fees	1,750.00		1,083.33		666.67	
Insurance	49,674.00		17,230.40		32,443.60	
Legal Advertising	-		416.67		(416.67)	
Dues, Licenses, and Fees	175.00		58.33		116.67	
Contingency/Miscellaneous	882.46		800.00		82.46	
Total General & Administrative
Expenses	$	95,029.56		$	71,774.07		$	23,255.49	

Maintenance Expenses
Facility Attendant & General Mgmt. Contract
Amenity Center Operations

$	40,811.48	$	54,415.33	$	(13,603.85)

Repairs & Maint. (Non-HVAC)	$	3,473.18		$	2,583.33		$	889.85	
HVAC Repairs & Maint.	-		1,666.67		(1,666.67)	
Office Supplies	-		333.33		(333.33)	
Janitorial Supplies	275.40		416.67		(141.27)	
Janitorial Services	2,709.00		6,000.00		(3,291.00)	
Pest Control & Termite Bond	622.64		401.00		221.64	
Fitness Equipment Repairs & Maint.	1,000.00		1,000.00		-	
Playground Repairs & Maint.	133.64		333.33		(199.69)	
Pool Service Repairs & Maint.	4,948.92		9,333.33		(4,384.41)	
Total Amenity Center	$	13,162.78		$	22,067.67		$	(8,904.89)	
igation
Irrigation Repairs & Maint.	

$	4,854.24		

$	16,666.67		

$	(11,812.43)	
Irrigation Monitoring	2,850.00		2,400.00		450.00	
Hoover Pumps Repairs & Maint.	6,526.50		5,833.33		693.17	
Total Irrigation	$	14,230.74		$	24,900.00		$	(10,669.26)	

Irr

FY 2026	FY 2027		
Adopted	Proposed	Percentage	
Budget	Budget		
$	20,000.00	$	-	58.57%	

$	82,000.00	
$	-	
31.71%	
27,646.00	-	9.04%	
6,000.00	-	43.33%	
15,000.00	-	0.00%	
18,000.00	-	0.00%	
10,000.00	-	0.00%	
$	158,646.00	$	-	19.60%	

$	9,000.00	
$	-	
0.00%	
15,000.00	-	3.12%	
5,000.00	-	0.00%	
12,000.00	-	12.40%	
$	41,000.00	$	-	4.77%	

$	7,130.00	
$	-	
36.55%	
2,870.00	-	11.08%	
$	10,000.00	$	-	29.24%	

$	65,000.00	
$	-	
16.64%	
4,000.00	-	35.20%	
4,000.00	-	18.33%	
2,850.00	-	30.88%	
$	75,850.00	$	-	18.24%	

$	1,440.00	
$	-	
0.00%	
$	611,085.00	$	-	21.23%	
$	826,407.20	$	-	27.20%	

$	63,636.20	

$	-		
30,000.00	-		
100,000.00	-		
$	193,636.20	$	183,980.00	From Reserve	
$ 1,020,043.40	$	183,980.00		
			
$	399,328.84	$  (183,980.00)		
$	315,934.00	$	-		
$	83,394.84	$  (183,980.00)		

$	27,798.28	
$	-		
55,596.56	-		
$	0.00	$  (183,980.00)		

Year To Date

Actual	Budget	Variance

Stormwater Control		
Aquatic Repairs & Maint.	$	11,714.49	$	6,666.67	$	5,047.82	
Landscaping				
Landscaping Contracted Services	$	26,000.00		$	27,333.33		$	(1,333.33)	
Additional Landscaping Repairs & Maint.	2,500.00		9,215.33		(6,715.33)	
Plant Replacement	2,600.00		2,000.00		600.00	
Mulch	-		5,000.00		(5,000.00)	
Palm Tree Maint.	-		6,000.00		(6,000.00)	
Oak Tree Maint.	-		3,333.33		(3,333.33)	
Total Landscaping	$	31,100.00		$	52,882.00		$	(21,782.00)	
Common Areas, Right of Ways & Walls						
Streetlight Repairs & Maint.	$	-		$	3,000.00		$	(3,000.00)	
Entry Vehicular Gates Repairs & Maint.	468.00		5,000.00		(4,532.00)	
Pedestrian Entry Gates & Walls Maint.	-		1,666.67		(1,666.67)	
Common Area Repairs & Maint.	1,488.48		4,000.00		(2,511.52)	
Total Common Areas, Right of Ways &
Walls	$	1,956.48		$	13,666.67		$	(11,710.19)	
Security Monitoring Services						
Fire Detection Services	$	2,606.36		$	2,376.67		$	229.69	
Security Monitoring Repairs & Maint.	318.00		956.67		(638.67)	
Total Security Monitoring Services	$	2,924.36		$	3,333.33		$	(408.97)	
Utilities						
Electric Services	$	10,816.62		$	21,666.67		$	(10,850.05)	
Telephone, Internet	1,408.00		1,333.33		74.67	
Water & Sewer Services	733.00		1,333.33		(600.33)	
Gate Kiosk Internet Services	879.96		950.00		(70.04)	
Total Utilities	$	13,837.58		$	25,283.33		$	(11,445.75)	
Extraordinary Services						
Townhome Mailboxes Maint	$	-		$	480.00		$	(480.00)	
Total Maintenance Expenses	$	129,737.91		$	203,695.00		$	(73,957.09)	
Total Expenditures	$	224,767.47		$	275,469.07		$	(50,701.60)	
Other Financing Uses						
Capital Reserve Transfer Out	$	-		$	21,212.07		$	(21,212.07)	
Disaster Reserve Transfer Out	-		10,000.00		(10,000.00)	
Roadway Reserve Transfer Out	-		33,333.33		(33,333.33)	
Total Other Financing Uses	$	-		$	64,545.40		$	(64,545.40)	
Total Expenditures & Reserves	$	224,767.47		$	340,014.47		$  (115,247.00)	
						
Revenues Less Expenditures	$  1,098,838.88		$	133,109.61		$	965,729.27	
Bond Payments (S2022)	$	48,984.00		$	105,311.33		$	(56,327.33)	
Balance	$  1,049,854.88		$	27,798.28		$ 1,022,056.60	
Assessment Fees & Discounts						
County Appraiser & Tax Collector Fee	$	59,023.76		$	9,266.09		$	49,757.67	
Discounts	36,665.62		18,532.19		18,133.43	
Excess / (Shortfall)	$	954,165.50		$	-		$	954,165.50