Blackburn Creek Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901
www.blackburncreekcdd.com

The meeting of the Board of Supervisors for the Blackburn Creek Community Development District will be held Tuesday, May 12, 2026, at 11:00 a.m. located at 6853 Energy Ct, Lakewood Ranch, FL 34240. The following is the proposed agenda for this meeting.

Call in number: 1-844-621-3956

Passcode: 2538 286 6774 #

BOARD OF SUPERVISORS’ MEETING AGENDA
Organizational Matters





Call to Order Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Appointment of Auditor Selection Committee



General Business Matters

1.
2.
3.

Consideration of the Minutes of the April 14, 2026, Board of Supervisors Meeting Update on District Engineer Project(s)
Consideration of Resolution 2026-04, Approving a Preliminary Budget for FY 2027 and
Setting a Public Hearing date [suggested: August 11, 2026]
Review and Consideration of Persson, Cohen, Mooney, Fernandez, & Jackson P.A., CPI Attorney Fees
Letter from the Supervisor of Elections – Sarasota County Discussion of Workshop
Ratification of Payment Authorization Nos. 260-262 Review of District Financial Statements

4.

5.
6.
7.
8.

Other Business



Staff Reports
District Counsel
District Engineer

-

Bank Repair and Eroded Weir Proposals

District Manager



Next Meeting June 9, 2026

District Accountant Audience Comments Supervisors Request




Adjournment 

Blackburn Creek Community Development District

Appointment of Auditor Selection Committee

Blackburn Creek Community Development District

Consideration of the Minutes of the April 14, 2026, Board of Supervisors Meeting

MINUTES OF MEETING

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Tuesday, April 14, 2026, at 11:00 a.m.
6853 Energy Ct., Lakewood Ranch, FL 34240

Board Members Present via Speaker or in Person:

Kevin Johnson Kirk Fegley Michael Sprout Phil Davis James Sverapa

Assistant Secretary Chairperson
Vice Chairperson Assistant Secretary Assistant Secretary

(via phone)

Also Present via Speaker or in Person:

Venessa Ripoll Gazmin Kerr Rick Montejano Andy Cohen
Robert Dvorak

District Manager- PFM Group Consulting LLC

ADM - PFM Group Consulting LLC Accountant - PFM Group Consulting LLC District Counsel
District Engineer - BDI

(via phone) (via phone)

(via phone)

FIRST ORDER OF BUSINESS

Organizational Matters

Call to Order and Roll Call

The Board of Supervisors’ Meeting for the Blackburn Creek CDD was called to order at approximately 11:00 a.m. by Ms. Ripoll. She proceeded with roll call and confirmed quorum. Those in attendance are outlined above either in person or via speaker phone.

Public Comment Period

There were no members of the public present at this time.

SECOND ORDER OF BUSINESS

General Business Matters

Consideration of the Minutes of the March 10, 2026, Board of Supervisors’ Meeting

Page | 1

On MOTION by Mr. Davis, seconded by Mr. Sprout, with all in favor, the Board approved to allow Mr. Sverapa to vote by phone.

The Board reviewed the minutes. It was noted changes submitted by District Counsel had already been amended.

Mr. Sprout noted the weir discussion under the public comment period should notate Pond 12A. It was also noted that Mr. Sprout was the Supervisor who suggested that arrows be added to the flow map, not Mr. Fegley. Lastly, the bank repair discussion should also notate Pond 12A.

Update on District Engineer Project:
Map of Responsibility Discussion
Review and Discussion of District Engineer Inspection Report

Mr. Dvorak gave an overview of the map updates. It was noted flow arrows, the pipes, and maintenance responsibilities have been added to the map. It was recommended that the map be printed in a large version to be placed on a foam board for reference at meetings.

Ms. Ripoll noted the final map will be placed on the District’s website.

Mr. Sprout recommended that an updated exhibit chart be created that will include the responsibility breakdown of the CDD versus the HOA. It was noted the current chart is related to the first bond and original Engineer’s Inspection Report.

There was lengthy discussion regarding the responsibility breakdown. It was noted the CDD is responsible for stormwater drainage and piping.

Mr. Cohen noted a Memorandum of Understanding can be drafted to include the infrastructure responsibilities as an exhibit to send to the HOA. Mr. Cohen gave an overview of the memorandum. A draft will be brought back to the Board for review at the June meeting.

There was discussion regarding the current maintenance responsibilities.

Mr. Sprout will work on the infrastructure responsibilities chart exhibit with Mr. Dvorak and send it to District Counsel.

Mr. Johnson recommended having a Board workshop in June.

There was discussion regarding having a special meeting with the HOA, instead of a Town Hall meeting. It was noted the meeting would be available via Zoom and lunch could be provided.

Mr. Dvorak noted the only items that the HOA is currently taking care of, that are outside routine maintenance, are the weir and pond banks. It was noted everything else is in compliance.

There was brief discussion regarding cleaning out the overgrowth and vegetation around the inlets and weirs. It was noted that most of the areas have been completed this year.

Page | 2

On MOTION by Mr. Sprout, seconded by Mr. Johnson, with all in favor, the Board approved the Minutes of the March 10, 2026, Board of Supervisors’ Meeting, with requested changes.

Mr. Sprout commented regarding the two manhole covers that need to be updated. Mr. Dvorak noted they cost approximately $3,000.00 - $5,000.00 each.

There was brief discussion regarding replacing the manhole covers. It was noted it is not an emergency issue at this time.

Ms. Ripoll noted the District Engineer’s Stormwater Inspection Report Phase 2 will be placed on the District’s website.

There was continued discussion regarding the current maintenance responsibilities.

Mr. Dvorak requested Mr. Cohen to send a format example of the infrastructure responsibility exhibit to him.

Consideration	of	Resolution	2026-03, General Election

Ms. Ripoll gave an overview of the resolution and noted there are three Seats on the Board that will be up for General Election. The qualifying period is June 8, 2026 – June 12, 2026.

Discussion Meeting

of

Potential

Town

Hall

It was noted a workshop will be scheduled instead of a Town Hall meeting.

Review and Acceptance of the Fiscal Year 2025 Audit Report

Ms. Ripoll noted the report has been reviewed by District Staff.

There was brief discussion regarding the report.

Mr. Fegley commented regarding page 11 and recommended the brackets be removed. Mr. Montejano provided clarification.

Mr. Fegley commented on page 24 and the independent contractor compensation. Mr. Montejano noted the amount did include PFM.

Mr. Fegley commented regarding the footnote on page 6.

Page | 3

On MOTION by Mr. Johnson, seconded by Mr. Fegley, with all in favor, the Board approved Resolution 2026-03, General Election.

There was brief discussion regarding the liability obligation to Neal Communities. It was noted this would not be paid out of the General Fund account.

Ratification of Payment Authorization Nos. 258-259

Ms. Ripoll stated these are for contractual obligations and solely for ratification.

Review of District Financial Statements

Ms. Ripoll stated that the District financials are updated through March 2026.

The Board reviewed the financial statements.

Mr. Montejano noted the assessments are 95% collected.

THIRD ORDER OF BUSINESS

Staff Reports

District Counsel –

Mr. Cohen gave an update on the legislative session bills related to the threshold of sovereign immunity and the recall of CDD Supervisors. These bills are awaiting the Governor’s signature.

There was brief discussion regarding the recall bill stipulations.

District Engineer –

No report.

District Manager –

Ms. Ripoll noted the next Board meeting is May 12, 2026, at 11:00 a.m., at the current location. This meeting will include approval of the proposed budget and an Auditor Selection Committee.

Mr. Montejano will be sending out the preliminary budget for review.

Page | 4

On MOTION by Mr. Fegley, seconded by Mr. Johnson, with all in favor, the Board approved the District Financials.

On MOTION by Mr. Davis, seconded by Mr. Fegley, with all in favor, the Board ratified Payment Authorization Nos. 258 - 259.

On MOTION by Mr. Fegley, seconded by Mr. Johnson, with all in favor, the Board accepted the Fiscal Year 2025 Audit Report.

FOURTH ORDER OF BUSINESS

Audience

Comments

and

Supervisor Requests

There were no comments or supervisor requests at this time.

FIFTH ORDER OF BUSINESS

Adjournment

There was no additional business to discuss. Ms. Ripoll requested a motion to adjourn.

Secretary/Assistant Secretary

Chair/Vice Chair

Page | 5

ON MOTION by Mr. Davis, seconded by Mr. Fegley, with all in favor, the April 14, 2026, Meeting of the Board of Supervisors of the Blackburn Creek Community Development District was adjourned at approximately 11:58 a.m.

Blackburn Creek Community Development District

Update on District Engineer Project(s)

Blackburn Creek Community Development District

Consideration of Resolution 2026-04, Approving a Preliminary Budget for FY 2027 and Setting a Public Hearing Date
[suggested: August 11, 2026]

RESOLUTION 2026-04

A	RESOLUTION  OF	THE	BOARD	OF  SUPERVISORS  OF	THE

BLACKBURN

CREEK

COMMUNITY

DEVELOPMENT	DISTRICT

APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2026/2027

AND  SETTING  A  PUBLIC  HEARING  THEREON  PURSUANT  TO

FLORIDA

LAW;	ADDRESSING

TRANSMITTAL,	POSTING

AND

PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Blackburn Creek Community Development District (“District”) prior to June 15, 2026, proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2026/2027”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW,	THEREFORE,	BE	IT	RESOLVED	BY	THE	BOARD	OF

SUPERVISORS

OF	THE	BLACKBURN	CREEK

COMMUNITY

DEVELOPMENT DISTRICT:

1.

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by

the District Manager for Fiscal Year 2026/2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

2.

SETTING A PUBLIC HEARING.

A public hearing on said approved

Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:

	, 2026

HOUR:

 	

LOCATION:

 	

3.

TRANSMITTAL

OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
The District Manager is hereby directed to submit a copy

PURPOSE GOVERNMENTS.

of the Proposed Budget to Sarasota County at least 60 days prior to the hearing set above.

4.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016,

Florida Statutes, the District’s Secretary is further directed to post the approved Proposed

Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days.

5.

PUBLICATION OF NOTICE.

Notice of this public hearing shall be

published in the manner prescribed in Florida law.

6.

SEVERABILITY.  The invalidity or unenforceability of any one or more

provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

7.
adoption.

EFFECTIVE DATE.	This Resolution shall take effect immediately upon

PASSED AND ADOPTED THIS 12th DAY OF MAY 2026.

ATTEST:

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

By: 	  Its: 	

Secretary

Exhibit A: FY 2026/2027 Proposed Budget

Blackburn Creek CDD
FY2027 Proposed Budget Package

May 5, 2026

PFM Management Services LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
(407) 723-5900

Blackburn Creek CDD
FY2027 Proposed O&M Budget

FY 2027
Proposed Budget

Actual through 4/30/26

Anticipated May-Sep

Anticipated Total FY26

FY 2026
Adopted Budget

Revenues
On/Off Roll Assessments Carry Forward Revenue
Net Revenues

$

330,282.44
45,617.46

$

-
55,698.24

$

330,282.44
101,315.70

$

350,000.00
101,315.70

$

335,000.00
116,315.70

$

375,899.90

$

55,698.24

$

431,598.14

$

451,315.70

$

451,315.70

General & Administrative Expenses
Supervisor Fees
Public Officials' Insurance Trustee Services Management
Engineering Disclosure District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Fees Postage & Shipping Legal Advertising Bank Fees Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees Stormwater Reserve Stormwater Maintenance General Insurance
Total General & Administrative Expenses

$

6,800.00
3,245.00
13,337.31
23,292.50
27,370.00
12,500.00
3,421.00
15,000.00
- 5,000.00
6,000.00
43.66
148.46
139.50
-
- 1,615.00
175.00
-
- 4,687.00

$

7,000.00
- 2,662.69
16,637.50
10,000.00
2,500.00
11,579.00
- 1,000.00
-
-
- 187.50
1,041.67
- 83.33
1,805.00
- 89,342.38
31,250.00
-

$

13,800.00
3,245.00
16,000.00
39,930.00
37,370.00
15,000.00
15,000.00
15,000.00
1,000.00
5,000.00
6,000.00
- 335.96
1,181.17
- 83.33
3,420.00
175.00
89,342.38
31,250.00
4,687.00

$

14,000.00
3,444.00
16,000.00
39,930.00
24,000.00
15,000.00
15,000.00
15,000.00
1,000.00
5,500.00
1,000.00
50.00
450.00
2,500.00
250.00
200.00
3,420.00
175.00
214,421.70
75,000.00
4,975.00

$

14,000.00

16,000.00
39,930.00

15,000.00
12,500.00
15,000.00
1,000.00

1,000.00

450.00
2,000.00
250.00
200.00
3,420.00
175.00

75,000.00

$

122,774.43

$

175,089.07

$

297,819.84

$

451,315.70

$

451,315.70

Total Expenses

$

122,774.43

$

175,089.07

$

297,819.84

$

451,315.70

$

451,315.70

Income (Loss) from Operations

$

253,125.47

$

(119,390.83)

$

133,778.31

$

-

$

-

5,156.00

205,604.70

60.00

6,000.00

35,000.00

3,570.00

Blackburn Creek CDD Budget Item Descriptions FY 2026 – 2027

Revenues

On-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Assessments collected via the tax collector are referred to as “On-Roll Assessments.”

Off-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector, but it can also be collected via a direct bill (referred to as Off Roll) from the district.

Carryforward Cash

Anticipated unused income from a prior year which is available as cash for the current year.

General & Administrative Expenses

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting plus payroll taxes. The amount for the Fiscal Year is based upon all supervisors attending the meetings.

Public Officials’ Liability (POL) Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the district trust accounts.

Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Page 1 of 3

Blackburn Creek CDD Budget Item Descriptions FY 2026 – 2027

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the district throughout the year.

Disclosure

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the dissemination agent provides to the trustee and bond holders.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Reamortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply..

Arbitrage Calculation

To ensure the District's compliance with all tax regulations, annual computations are necessary to calculate an arbitrage rebate	liability.

Tax Preparation Fees:

Creating and issuing 1099s to independent contractors

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Legal Advertising

Page 2 of 3

Blackburn Creek CDD Budget Item Descriptions FY 2026 – 2027

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to, monthly meetings, special meetings, and public hearings for the District.

Bank Fees

Bank fees associated with the services the District uses with the bank (e.g. remote deposit capture, positive pay, wire transfers, ACH payments, monthly maintenance, etc.).

Miscellaneous

Other general & administrative expenses incurred throughout the year.

Web Site Maintenance

Website maintenance fee.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Stormwater Reserve

Expenses related to the effort to reduce runoff of rainwater into streets and lawns.

Stormwater Maintenance

Expenses related to the effort to reduce runoff of rainwater into streets and lawns. Funds from the Carryforward Surplus are anticipated to be used towards this expense.

General Insurance

General liability insurance.

Page 3 of 3

Blackburn Creek CDD Proposed FY 2027 DS Budget

Series 2015A-1 FY 2027 Budget

Series 2015A-2 FY 2027 Budget

Series 2018A-1 FY 2027 Budget

Series 2018A-2 FY 2027 Budget

Series 2019A-1 FY 2027 Budget

Series 2019A-2 FY 2027 Budget

Series 2023
FY 2027 Budget

REVENUES:

Special Assessments

$  304,243.75

$

105,781.25

$	810,196.00

$

139,654.50

$

304,738.75

$  127,158.75

$  361,764.20

TOTAL REVENUES

 $  304,243.75 

 $	105,781.25 

 $	810,196.00 

 $	139,654.50 

 $	304,738.75 

 $  127,158.75 

 $  361,764.20 

EXPENDITURES:

Interest 11/01/2026 Interest 05/01/2027 Principal 05/01/2027

$

77,818.75
77,818.75
70,000.00

$

27,187.50
27,187.50
25,000.00

$	214,237.00
214,237.00
172,000.00

$

37,170.00
37,170.00
29,000.00

$

78,246.25
78,958.75
70,000.00

$

34,847.50
34,135.00
25,000.00

$	79,279.20
79,279.20
127,000.00

TOTAL EXPENDITURES

 $  225,637.50 

 $	79,375.00 

 $	600,474.00 

 $	103,340.00 

 $	227,205.00 

 $	93,982.50 

 $  285,558.40 

EXCESS REVENUES

 $	78,606.25 

 $	26,406.25 

 $	209,722.00 

 $	36,314.50 

 $	77,533.75 

 $	33,176.25 

 $	76,205.80 

Interest 11/01/2027

$

78,606.25

$

26,406.25

$	209,722.00

$

36,314.50

$

77,533.75

$

33,176.25

$

76,205.80

Blackburn Creek CDD
FY27 Proposed Assessment Schedule

O&M* 
Assessment  (Gross)

Debt 
Assessment  (Gross)

Unit Type

Total (Gross)

Series 2015A Bond (Phases 1A(a), 2A(a), 2A(b), 2A(c), 3A(c), 3A, 3A(a) & 3A(1))

Single Family - 35' Lot
Single Family - 45' Lot Single Family - 52' Lot Single Family - 72' Lot

198.06
198.06
198.06
198.06

859.70
674.76
1,382.45
1,929.25

$
$
$
$

1,057.76
872.82
1,580.51
2,127.31

Series 2018A Bond (Phases 3B, 2B, 2C, & 3C)
Single Family - 35' Lot Single Family - 52' Lot Single Family - 57' Lot Single Family - 72' Lot

198.06
198.06
198.06
198.06

904.15
1,469.31
1,610.57
2,034.37

$
$
$
$

1,102.21
1,667.37
1,808.63
2,232.43

Series 2019A Bond (Phases 1B(a), 2A(d), 2A(e))
Single Family - 52' Lot Single Family - 72' Lot

198.06
198.06

1,335.07
1,602.02

$
$

1,533.13
1,800.08

Series 2023 Bond (Phases 1A, 1B & 1C(b), 1C(a) )**

Single Family - 27' Lot
Single Family - 35' Lot Single Family - 45' Lot Single Family - 52' Lot Single Family - 57' Lot Single Family - 72' Lot

198.06
198.06
198.06
198.06
198.06
198.06

361.32
482.04
602.20
695.88
762.79
963.52

$
$
$
$
$
$

559.38
680.10
800.26
893.94
960.85
1,161.58

Blackburn Creek Community Development District

Review and Consideration of Persson, Cohen, Mooney, Fernandez, & Jackson P.A., CPI Attorney Fees

David P. Persson** Andrew H. Cohen Kelly M. Fernandez* Maggie D. Mooney*
R. David Jackson* Daniel P. Lewis Amy T. Farrington Karla M. Armstrong
*  Board Certified City, County and Local Government Law
** Retired

Telephone (941) 306fi730
Facsimile (941) 306fi832 Email: acohen@flgovlaw.com

Reply to: Venice

April8,10l6

Venessa Ripoll, District Manager PFM Group Consulting, LLC.
3501 Quadrangle Boulevard, Suite 270
Orlando, Florida 32817

RE:

CPI Attorney Fees - Blackburn Creek Community Development District

Dear Venessa:

Pursuant to our fee agreement with the Blackburn Creek Community Development District, our hourly rate is adjusted annually on October 1 by the Consumer Price Index (“CPI”) established for the preceding year in February. As in past years, we are providing a reminder early in order that the District may have ample time to consider what, if any, effect

the CPI has upon the District's next year's budget.

The applicable CPI for this year's

adjustment is 2.4%. The adjusted hourly rate we are requesting is as follows: $318.00 per hour.

Lakewood Ranch 6853 Energy Court
Lakewood Ranch, Florida 34240

Venice
236 Pedro Street
Venice, Florida 34285

Thank you for your attention to this matter. As always, we value our continued working relationship with you and the District, Should you have any questions, please feel free to contact me.

Sincerely,

Andrew H. Cohen
Signed electronically

AHC.mk

cc:

Kirk Fegley, Chairperson

Blackburn Creek Community Development District

Letter from the Supervisor of Elections –
Sarasota County

April 15, 2026

33501 Quadrangle Boulevard
Suite 270
Orlando, FL 32817

RE: Registered Electors

Dear Ms. Ripoll:

Listed below is the total number of registered electors for the Blackburn Creek Community Develop-ment District as of April 15, 2026.

Registered Electors: 2649

Sincerely,

Ron Turner
Supervisor of Elections Sarasota County

Attachment
RT/ajw

4440 Fruitville Road, Sarasota, FL 34232

P.O. Box 4194, Sarasota, FL 34230-4194

T: 941.861.8600

F: 941.861.8609

SarasotaVotes.gov

Blackburn Creek Community Development District

Discussion of Workshop

Blackburn Creek Community Development District

Ratification of Payment Authorization
Nos. 260 – 262

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 260
3/31/2026

DM-03-2026-4

PFM Group Consulting (BLACKB)

03/05/2026

Blackburn Creek CDD

3,327.50

Total:

3,627.50

Blackburn Creek CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

8338	VGlobalTech (BLACKB)	03/31/2026	Blackburn Creek CDD	300.00

Invoice No	Supplier	Invoice Date Property		Invoice Amount

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 261
4/8/2026

2376

Brletic Dvorak Inc (BLACKB)

03/31/2026

Blackburn Creek CDD

5,345.00

OE-EXP-04-2026-04

PFM Group Consulting (BLACKB)

04/06/2026

Blackburn Creek CDD

15.78

8399

VGlobalTech (BLACKB)

04/01/2026

Blackburn Creek CDD

145.00
10,515.53

Total:

Blackburn Creek CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

8122364	U.S. Bank (BLACKB)	03/25/2026	Blackburn Creek CDD	4,310.00

6856	Persson, Cohen, Mooney, Fernan	04/06/2026	Blackburn Creek CDD	699.75
(BLACKB)

Invoice No	Supplier	Invoice Date Property		Invoice Amount

BLACKBURN CREEK COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 262
4/22/2026

2026.04.14

James Sverapa (BLACKB)

04/14/2026

Blackburn Creek CDD

200.00

2026.04.14

Kirk Fegley (BLACKB)

04/14/2026

Blackburn Creek CDD

200.00

DM-04-2026-5

PFM Management Services LLC (BLACKB)

04/05/2026

Blackburn Creek CDD

3,327.50

Total:

4,327.50

Blackburn Creek CDD
c/o PFM Management Services
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

2026.04.14	Phil Davis (BLACKB)	04/14/2026	Blackburn Creek CDD	200.00

2026.04.14	Michael Sprout (BLACKB)	04/14/2026	Blackburn Creek CDD	200.00

2026.04.14	Kevin Johnson (BLACKB)	04/14/2026	Blackburn Creek CDD	200.00

Invoice No	Supplier	Invoice Date Property		Invoice Amount

Blackburn Creek Community Development District

Review of District Financial Statements

Blackburn Creek CDD
April 2026 Financial Package

April 30, 2026

PFM Management Services LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
(407) 723-5900

Blackburn Creek CDD Statement of Financial Position As of 4/30/2026

Debt Service Fund 2019

Debt Service Fund - 2015

Debt Service Fund - 2018

Debt Service Fund - 2023

Long Term Debt Group

General Fund

Total

Assets

Current Assets
General Checking Account Money Market Account Assessments Receivable Assessment Receivable - Off Roll Prepaid Expenses
Assessments Receivable Assessment Receivable - Off Roll Due From Other Funds
Debt Service Reserve 2019A Bond Revenue 2019A Bond
Interest 2019A1 Bond Interest 2019A2 Bond Sinking Fund 2019A1 Bond Sinking Fund 2019A2 Bond Prepayment 2019A1 Bond Prepayment 2019A2 Bond Assessments Receivable
Assessment Receivable - Off Roll Due From Other Funds
Debt Service Reserve 2015A1 Bond Debt Service Reserve 2015A2 Bond Revenue 2015A Bond
Prepayment 2015A1 Bond Prepayment 2015A2 Bond Assessments Receivable Assessment Receivable - Off Roll Due from Other Funds
Debt Service Reserve 2018A1 Bond Revenue 2018A Bond
Prepayment 2018A1 Bond Prepayment 2018A2 Bond Sinking Fund 2018A2 Bond Assessment Receivable Due From Other Funds Revenue 2023 Bond
Interest 2023 Bond
Prepayment 2023 Bond
Total Current Assets

$438,207.94 305,758.13
6,006.03
5,040.39
6,646.21

$438,207.94 305,758.13
6,006.03
5,040.39
6,646.21
15,963.02
4,382.33
7,549.43
163,410.00
372,365.53
0.03
0.01
0.02
0.01
3,691.92
2,058.93
15,419.83
4,368.72
7,292.54
223,925.00
81,406.25
504,406.57
4,765.84
18,035.87
36,079.32
8,477.25
17,063.06
268,448.20
760,623.90
24,006.93
11,669.41
63.04
15,277.04
7,225.01
313,067.44
0.02
1,715.54

$15,963.02 4,382.33
7,549.43
163,410.00
372,365.53
0.03
0.01
0.02
0.01
3,691.92
2,058.93

$15,419.83 4,368.72
7,292.54
223,925.00
81,406.25
504,406.57
4,765.84
18,035.87

$36,079.32 8,477.25
17,063.06
268,448.20
760,623.90
24,006.93
11,669.41
63.04

$15,277.04 7,225.01
313,067.44
0.02
1,715.54

$761,658.70

$569,421.23

$859,620.62

$1,126,431.11

$337,285.05

$0.00

$3,654,416.71

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

$2,753,660.46
17,054,339.54

$2,753,660.46
17,054,339.54

$0.00

$0.00

$0.00

$0.00

$0.00

$19,808,000.00

$19,808,000.00

Total Assets

$761,658.70

$569,421.23

$859,620.62

$1,126,431.11

$337,285.05

$19,808,000.00

$23,462,416.71

Page 1 of 4

Blackburn Creek CDD Statement of Financial Position As of 4/30/2026

Debt Service Fund 2019

Debt Service Fund - 2015

Debt Service Fund - 2018

Debt Service Fund - 2023

Long Term Debt Group

General Fund

Total

Liabilities and Net Assets

Current Liabilities Due To Other Funds Deferred Revenue
Deferred Revenue - Off Roll Deferred Revenue
Deferred Revenue - Off Roll Deferred Revenue
Deferred Revenue - Off Roll Deferred Revenue
Deferred Revenue - Off Roll Deferred Revenue
Total Current Liabilities

$39,130.04 6,006.03
5,040.39

$39,130.04 6,006.03
5,040.39
15,963.02
4,382.33
15,419.83
4,368.72
36,079.32
8,477.25
15,277.04

$15,963.02
4,382.33

$15,419.83
4,368.72

$36,079.32
8,477.25

$15,277.04

$50,176.46

$20,345.35

$19,788.55

$44,556.57

$15,277.04

$0.00

$150,143.97

Long Term Liabilities
Revenue Bonds Payable - Long-Term
Total Long Term Liabilities

$19,808,000.00

$19,808,000.00

$0.00

$0.00

$0.00

$0.00

$0.00

$19,808,000.00

$19,808,000.00

Total Liabilities

$50,176.46

$20,345.35

$19,788.55

$44,556.57

$15,277.04

$19,808,000.00

$19,958,143.97

Net Assets
Net Assets, Unrestricted
Net Assets - General Government Current Year Net Assets - General Govt

($48,034.62) 527,536.13
231,980.73

($48,034.62) 527,536.13
231,980.73

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$352,913.32
196,162.56

352,913.32
196,162.56

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$654,050.21
185,781.86

654,050.21
185,781.86

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$710,643.40
371,231.14

710,643.40
371,231.14

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

$132,641.54
189,366.47

132,641.54
189,366.47

Total Net Assets

$711,482.24

$549,075.88

$839,832.07

$1,081,874.54

$322,008.01

$0.00

$3,504,272.74

$761,658.70

$569,421.23

$859,620.62

$1,126,431.11

$337,285.05

$19,808,000.00

$23,462,416.71

Total Liabilities and Net Assets

Page 2 of 4

Blackburn Creek CDD Statement of Activities As of 4/30/2026

Debt Service Fund - 2019

Debt Service Fund - 2015

Debt Service Fund - 2018

Debt Service Fund - 2023

Long Term Debt Group

General Fund

Total

Revenues

On-Roll Assessments Off-Roll Assessments On-Roll Assessments Off-Roll Assessments On-Roll Assessments Off-Roll Assessments Other Assessments
Inter-Fund Group Transfers In On-Roll Assessments
Off-Roll Assessments Other Assessments On roll Assessments
Total Revenues

$333,918.11 7,560.60

$333,918.11 7,560.60
290,556.97
13,146.96
280,669.89
13,106.13
9,826.32
3,275.44
656,710.97
25,431.78
68,993.93
278,070.81

$290,556.97 13,146.96

$280,669.89 13,106.13
9,826.32
3,275.44

$656,710.97 25,431.78
68,993.93

$278,070.81

$341,478.71

$303,703.93

$306,877.78

$751,136.68

$278,070.81

$0.00

$1,981,267.91

Expenses

Supervisor Fees
Public Officials' Insurance Trustee Services Management Engineering
Disclosure Agent District Counsel
Assessment Administration Audit
Arbitrage Calculation Tax Preparation Postage & Shipping Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees General Insurance
Interest Payments - 2013A1, 2019A1 Interest Payments - 2019A2 Principal Payments - 2015A1 bond Interest Payments - 2015A1 bond Interest Payments - 2015A2 bond Principal Payment - 2018A1 Bond Principal Payment - 2018A2 Bond Interest Payment - 2018A1 Bond Interest Payment - 2018A2 Bond Inter-Fund Transfers
Principal Payment S2023 Bond Interest Payment - S2023 Bond
Total Expenses

$6,800.00 3,245.00
13,337.31
23,292.50
27,370.00
12,500.00
3,421.00
15,000.00
5,000.00
6,000.00
43.66
148.46
139.50
1,615.00
175.00
4,687.00

$6,800.00 3,245.00
13,337.31
23,292.50
27,370.00
12,500.00
3,421.00
15,000.00
5,000.00
6,000.00
43.66
148.46
139.50
1,615.00
175.00
4,687.00
78,958.75
36,260.00
25,000.00
80,637.50
28,281.25
100,000.00
30,000.00
261,358.52
147.50
3,275.44
10,000.00
82,473.60

$78,958.75 36,260.00

$25,000.00 80,637.50
28,281.25

$100,000.00 30,000.00
261,358.52
147.50
3,275.44

$10,000.00 82,473.60

$122,774.43

$115,218.75

$133,918.75

$394,781.46

$92,473.60

$0.00

$859,166.99

Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Interest Income Interest Income Interest income
Total Other Revenues (Expenses) & Gains (Losses)

$13,276.45

$13,276.45 7,677.38
12,822.83
14,875.92
3,769.26

$7,677.38

$12,822.83

$14,875.92

$3,769.26

$13,276.45

$7,677.38

$12,822.83

$14,875.92

$3,769.26

$0.00

$52,421.84

Change In Net Assets

$231,980.73

$196,162.56

$185,781.86

$371,231.14

$189,366.47

$0.00

$1,174,522.76

Net Assets At Beginning Of Year

$479,501.51

$352,913.32

$654,050.21

$710,643.40

$132,641.54

$0.00

$2,329,749.98

Net Assets At End Of Year

$711,482.24

$549,075.88

$839,832.07

$1,081,874.54

$322,008.01

$0.00

$3,504,272.74

Page 3 of 4

Blackburn Creek CDD
Budget to Actual
For The Month Ending 4/30/2026

Year To Date

FY 2026
Adopted Budget

Actual

Budget

Variance

Percentage

Revenues
On/Off Roll Assessments Carry Forward Revenue
Net Revenues

$

341,478.71
53,220.37

$

210,047.18
53,220.37

$

131,431.53
-

$ 350,000.00
101,315.70

97.57%
52.53%

$

394,699.08

$

263,267.55

$

131,431.53

$ 451,315.70

87.46%

General & Administrative Expenses
Supervisor Fees
Public Officials' Insurance Trustee Services Management Engineering
Disclosure Agent District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Postage & Shipping Legal Advertising Bank Fees Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees Stormwater Reserve Stormwater Maintenance General Insurance
Total General & Administrative Expenses

$

6,800.00
3,245.00
13,337.31
23,292.50
27,370.00
12,500.00
3,421.00
15,000.00
- 5,000.00
6,000.00
43.66
148.46
139.50
-
- 1,615.00
175.00
-
- 4,687.00

$

8,166.69
2,009.00
9,333.31
23,292.50
14,000.00
8,750.00
8,750.00
8,750.00
583.31
3,208.31
583.31
29.19
262.50
1,458.31
145.81
116.69
1,995.00
102.06
125,079.36
43,750.00
2,902.20

$

(1,366.69)
1,236.00
4,004.00
- 13,370.00
3,750.00
(5,329.00)
6,250.00
(583.31)
1,791.69
5,416.69
14.47
(114.04)
(1,318.81)
(145.81)
(116.69)
(380.00)
72.94
(125,079.36)
(43,750.00)
1,784.80

$

14,000.00
3,444.00
16,000.00
39,930.00
24,000.00
15,000.00
15,000.00
15,000.00
1,000.00
5,500.00
1,000.00
50.00
450.00
2,500.00
250.00
200.00
3,420.00
175.00
214,421.70
75,000.00
4,975.00

48.57%
94.22%
83.36%
58.33%
114.04%
83.33%
22.81%
100.00%
0.00%
90.91%
600.00%
87.32%
32.99%
5.58%
0.00%
0.00%
47.22%
100.00%
0.00%
0.00%
94.21%

$

122,774.43

$

263,267.55

$

(140,493.12)

$ 451,315.70

27.20%

Total Expenses

 $	122,774.43

 $	263,267.55

 $	(140,493.12)

  $	-

Income (Loss) from Operations

$

271,924.65

$

-

$

271,924.65

$

-

Other Income (Expense)
Interest Income
Total Other Income (Expense)

$

13,276.45

$

-

$

13,276.45

$

-

$

13,276.45

$

-

$

13,276.45

$

-

Net Income (Loss)

$

285,201.10

$

-

$

285,201.10

$

-

Page 4 of 4

Blackburn Creek Community Development District

Staff Reports

Blackburn Creek Community Development District

District Engineer