Florida Green Finance Authority

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

COMMERCIAL BUDGET

IV

RESIDENTIAL BUDGET

V

PARTICIPANTS

VI

COMMERCIAL BONDS

PROPOSED BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2026/2027 OCTOBER 1, 2026 - SEPTEMBER 30, 2027
(Combined Commercial and Residential)

Approx. Participants As Of May 2026: 32,149 (this number will decrease as prepaid & matured loans are removed from the roll).

Approx. Additions For 2026/2027 (before prepayments have been removed): 6,184

I

5/26/2026 1:34 PM

FISCAL YEAR 2026/2027
BUDGET

REVENUES

Projected Carry Forward Surplus

100,000

O & M Funding Contributions

270,000

O & M Assessments (Commercial)

0

Loan Revenues (Residential)

21,035,712

Loan Revenues (Commercial)

0

Other Revenue - Commercial Closing Fees

10,000

Other Revenue - Administrator Cost Sharing

114,373

Interest Income

300

TOTAL REVENUES

$	21,530,385

VARIABLE EXPENDITURES

Assessment Roll

353,639

Miscellaneous

10,000

TOTAL VARIABLE EXPENDITURES

$	363,639

FIXED EXPENDITURES

Management

49,296

Legal

100,000

Audit Fees

18,250

Insurance

15,000

Legal Advertisements

9,000

Travel/Conference

15,000

New County Set-up Fee

1,000

Dues & Subscriptions

1,200

Trustee Fees

4,000

Website Management

2,000

Miscellaneous - postage, office supplies, etc.

2,000

Palm Beach County Pace Project Fees

20,000

Financial Advisory Fees

10,000

TOTAL FIXED EXPENDITURES

$	246,746

TOTAL EXPENDITURES

$	610,385

REVENUES LESS EXPENDITURES

$	20,920,000

Loan Payments (Residential)

(20,500,000)

Loan Payments (Commercial)

0

BALANCE

$	420,000

Fees (Residential)

(310,000)

Fees (Commercial)

0

Excess/ (Shortfall)

$	110,000

Program Reinvestment (Residential)

(100,000)

Program Reinvestment (Commercial)

(10,000)

Net Excess/ (Shortfall)

$	-

Projected Fiscal Year-End Fund Balance

100,000

DETAILED PROPOSED BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2026/2027 OCTOBER 1, 2026 - SEPTEMBER 30, 2027
(Combined Commercial and Residential)

Approx. Participants As Of May 2026: 32,149 (this number will decrease as prepaid & matured loans are removed from the roll).

Approx. Additions For 2026/2027 (before prepayments have been removed): 6,184

II

5/26/2026 1:34 PM

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

REVENUES

Projected Carry Forward Surplus

0

100,000

100,000

O & M Funding Contributions

231,518

270,000

270,000

No Change From 2025/2026 Budget

O & M Assessments (Commercial)

0

0

0

BrandsMart Has Paid Off 2015-1 Bond

Loan Revenues (Residential)

55,486,631

20,121,895

21,035,712

Loan Revenues (Residential)

Loan Revenues (Commercial)

0

0

0

Loan Revenues (Commercial)

Other Revenue - Commercial Closing Fees

2,723

10,000

10,000

Other Revenue - Administrator Cost Sharing

70,413

167,600

114,373

Interest Income

27,946

300

300

Interest Estimated At $25 Per Month

TOTAL REVENUES

$ 55,819,231

$  20,669,795

$  21,530,385

VARIABLE EXPENDITURES

Assessment Roll

284,111

276,595

353,639

32,149 X $11 - Based On Approximate Participants

Miscellaneous

0

10,000

10,000

Miscellaneous

TOTAL VARIABLE EXPENDITURES

$	284,111

$	286,595

$	363,639

FIXED EXPENDITURES

Management

48,000

48,000

49,296

CPI Increase (2.7%)

Legal

87,596

90,000

100,000

$10,000 Increase From 2025/2026 Budget

Audit Fees

16,500

16,500

18,250

Per Contract

Insurance

9,852

15,000

15,000

Insurance Estimate

Legal Advertisements

3,648

9,000

9,000

No Change From 2025/2026 Budget

Travel/Conference

0

15,000

15,000

No Change From 2025/2026 Budget

New County Set-up Fee

0

1,000

1,000

Estimated At One New County

Dues & Subscriptions

815

1,200

1,200

No Change From 2025/2026 Budget

Trustee Fees

0

4,000

4,000

No Change From 2025/2026 Budget

Website Management

1,500

2,000

2,000

No Change From 2025/2026 Budget

Miscellaneous - postage, office supplies, etc.

2,955

1,500

2,000

$500 Increase From 2025/2026 Budget

Commercial Closing Fee

0

60,000

0

Line Item Removed

Palm Beach County Pace Project Fees

0

20,000

20,000

No Change From 2025/2026 Budget

Financial Advisory Fees

0

10,000

10,000

No Change From 2025/2026 Budget

TOTAL FIXED EXPENDITURES

$	170,866

$	293,200

$	246,746

TOTAL EXPENDITURES

$	454,977

$	579,795

$	610,385

REVENUES LESS EXPENDITURES

$ 55,364,254

$  20,090,000

$  20,920,000

Loan Payments (Residential)

(55,813,605)

(19,700,000)

(20,500,000)

Loan Payments (Residential)

Loan Payments (Commercial)

0

0

0

Loan Payments (Commercial)

BALANCE

$	(449,351)

$	390,000

$	420,000

Fees (Residential)

(450,381)

(280,000)

(310,000)

Fees (Residential)

Fees (Commercial)

0

0

0

Fees (Commercial)

Excess/ (Shortfall)

$	(899,732)

$	110,000

$	110,000

Program Reinvestment (Residential)

0

(100,000)

(100,000)

Program Reinvestment (Residential)

Program Reinvestment (Commercial)

0

(10,000)

(10,000)

Program Reinvestment (Commercial)

Net Excess/ (Shortfall)

$	(899,732)

$	-

$	-

Projected Fiscal Year-End Fund Balance

0

100,000

100,000

PROPOSED BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2026/2027 OCTOBER 1, 2026 - SEPTEMBER 30, 2027
(Commercial Only)

NOTE: A separate spreadsheet is kept to track provider specific carryover credit that can be applied to quarterly invoices.

III

5/26/2026 1:34 PM

FISCAL YEAR 2026/2027
COMMERCIAL BUDGET

REVENUES

O & M Assessments (Commercial)

0

Bond/Loan Revenues (Commercial)

See Commercial Bond Page

Other Revenue - Commercial Closing Fees

10,000

Other Revenue - Administrator Cost Sharing

114,373

Other Revenue - Buy In

0

TOTAL REVENUES

$	124,373

VARIABLE EXPENDITURES

Miscellaneous

1,000

TOTAL VARIABLE EXPENDITURES

$	1,000

FIXED EXPENDITURES

Management

24,648

Legal

50,000

Audit Fees

9,125

Insurance

7,500

Legal Advertisements

4,500

Travel/Conference

7,500

New County Set-up Fee

500

Dues

600

Trustee Fees

2,000

Website Management

1,000

Miscellaneous - postage, office supplies, etc.

1,000

Palm Beach County Pace Project Fees

0

Financial Advisory Fees

5,000

TOTAL FIXED EXPENDITURES

$	113,373

TOTAL EXPENDITURES

$	114,373

REVENUES LESS EXPENDITURES

$	10,000

Bond/Loan Payments (Commercial)

0

BALANCE

$	10,000

Fees (Commercial)

0

Excess/ (Shortfall)

$	10,000

Program Reinvestment/Carryover Credit

(10,000)

Net Excess/ (Shortfall)

$	-

Projected Fiscal Year-End Fund Balance

$	-

PROPOSED BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2026/2027 OCTOBER 1, 2026 - SEPTEMBER 30, 2027
(Residential Only)

Approx. Participants As Of May 2026: 32,149 (this number will decrease as prepaid & matured loans are removed from the roll).

Approx. Additions For 2026/2027 (before prepayments have been removed): 6,184

IV

5/26/2026 1:34 PM

FISCAL YEAR 2026/2027
RESIDENTIAL BUDGET

REVENUES

Projected Carry Forward Surplus

100,000

O & M Funding Contributions

270,000

Loan Revenues (Residential)

21,035,712

Interest Income

300

TOTAL REVENUES

$	21,406,012

VARIABLE EXPENDITURES

Assessment Roll

353,639

Miscellaneous

9,000

TOTAL VARIABLE EXPENDITURES

$	362,639

FIXED EXPENDITURES

Management

24,648

Legal

50,000

Audit Fees

9,125

Insurance

7,500

Legal Advertisements

4,500

Travel/Conference

7,500

New County Set-up Fee

500

Dues

600

Trustee Fees

2,000

Website Management

1,000

Miscellaneous - postage, office supplies, etc.

1,000

Palm Beach County Pace Project Fees

20,000

Financial Advisory Fees

5,000

TOTAL FIXED EXPENDITURES

$	133,373

TOTAL EXPENDITURES

$	496,012

REVENUES LESS EXPENDITURES

$	20,910,000

Loan Payments (Residential)

(20,500,000)

BALANCE

$	410,000

Fees (Residential)

(310,000)

Excess/ (Shortfall)

$	100,000

Program Reinvestment (Residential)

(100,000)

Net Excess/ (Shortfall)

$	-

Projected Fiscal Year-End Fund Balance

100,000

FLORIDA GREEN FINANCE AUTHORITY PARTICIPANTS AS OF MAY 2026

Notes:
*Includes totals from years prior to those shown.
Current year numbers are approximates.
Current year prepayment numbers are approximates and will continuously change throughout the year.

V

COUNTY

COMMENCING FISCAL YEAR 2023/2024

COMMENCING FISCAL YEAR 2024/2025

COMMENCING FISCAL YEAR 2025/2026

COMMENCING FISCAL YEAR 2026/2027

TOTAL*

Alachua

0

0

0

0

49

Brevard

256

8

1

0

843

Broward

2,147

1,736

1,894

1,336

11,694

Charlotte

11

0

0

0

375

Citrus

81

87

94

104

511

Collier

0

1

0

0

52

Escambia

1

1

0

0

3

Hernando

0

0

0

0

238

Highlands

0

1

0

0

1

Hillsborough

0

0

42

538

1,961

Indian River

1

2

0

0

4

Jefferson

0

0

0

0

1

Lake

0

3

1

0

5

Lee

89

83

55

63

411

Levy

7

2

14

9

49

Manatee

113

142

94

106

814

Marion

149

110

214

215

911

Martin

58

21

24

17

205

Miami-Dade

2,253

1,723

2,084

2,044

12,044

Monroe

7

7

2

3

32

Nassau

0

0

0

1

1

Okeechobee

18

3

0

0

26

Orange

35

71

94

98

502

Osceola

118

100

129

131

1,042

Palm Beach

1,334

1,230

1,321

1,185

7,440

Pasco

147

85

167

188

1,652

Polk

21

17

0

0

73

Sarasota

142

97

89

99

811

Seminole

11

16

18

11

88

Suwannee

1

0

3

10

14

Volusia

19

22

16

26

99

Sub-Total

7,019

5,568

6,356

6,184

41,951

Less Prepayments & Matured Loans

1,428

1,713

2,059

0

9,802

Total

5,591

3,855

4,297

6,184

32,149

FLORIDA GREEN FINANCE AUTHORITY COMMERCIAL BONDS AS OF MAY 2026

Note:
BrandsMart Paid Off Series 2015-1 Bond In 2021. Avid Viera Paid Off Series 2020-A Bond In 2023.
Proper South Beach Paid Off Series 2023 Bond In 2025.

VI

5/26/2026 1:34 PM

BOND ISSUE

ORIGINAL PAR AMOUNT

CURRENT PAR AMOUNT

MATURITY DATE

ANNUAL ASSESSMENT AMOUNT

Series 2014 Loan (E&M Spirits)

$5,496.00

$0.00

November 2036

$500.00

Series 2015-1 (Brandsmart Project)

$2,225,700.00

$0.00

Paid off

$0.00

Series 2018 (Dadeland Mall Project)

$2,595,468.73

$933,985.05

November 2028

$350,856.55

Series 2018A (Orlando Outlets Project)

$5,562,289.94

$4,498,150.14

November 2039

$496,899.34

Series 2020-A (Avid Viera)

$3,471,908.43

$0.00

Paid off

$0.00

Series 2020-B (Home 2-Palm Bay)

$3,930,000.00

$3,611,897.06

November 2046

$312,209.65

Series 2020-C (Hyatt-Palm Bay)

$5,643,500.00

$5,186,702.54

November 2046

$447,438.17

Series 2020-D (Pruitt Health - Lutz)

$3,340,018.09

$3,141,847.44

November 2047

$264,372.11

Series 2021-1 (Le Meridien)

$37,650,000.00

$36,006,097.96

November 2047

$2,746,937.13

Series 2021-2 (Sheraton - Palmetto)

$30,600,000.00

$29,416,120.86

November 2048

$2,418,304.48

Series 2022-1 (Pruitt Health - Pensacola)

$5,335,050.00

$5,130,898.32

November 2048

$422,279.36

Series 2022-2 (Certus Waterford Lakes)

$7,200,000.00

$6,930,858.84

November 2048

$572,722.58

Series 2022-3 (Spanish Moss Apartments)

$3,961,068.11

$3,879,169.67

November 2047

$333,839.33

Series 2022-4 (Certus Vero Beach)

$8,640,000.00

$8,640,000.00

November 2050

$684,084.69

Series 2023-1 (Proper South Beach)

$31,569,161.68

$0.00

Paid off

$0.00

Series 2023-2 (Marriott Palmetto)

$14,400,000.00

$14,400,000.00

November 2053

$1,251,355.67

Series 2024 (Delray Beach Market)

$14,515,442.07

$14,515,442.07

November 2053

$1,228,977.16

Series 2025 (SouthBank Hotel)

$14,151,502.52

$14,151,502.52

November 2049

$1,417,956.32

Total

$194,796,605.57

$150,442,672.47

$12,948,732.54