Turtle Run
Community Development District

Unaudited Financial Reporting
February 28, 2026

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2017	

5	
	Capital Projects Reserve Fund	

6-7	
	Month to Month	

8	
	Long Term Debt Report	

9	
	Assessment Receipt Schedule	

Balance Sheet February 28, 2026

	General Fund	Debt Service Fund	Capital Project Reserve Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$	192,298	

$	-	

$	1,680	

$	193,978	
Due from General Fund	-	52,370	-	52,370	
Investments:
State Board of Administration - Operating Reserves	

781,848	

-	

-	

781,848	
State Board of Administration - Emergency Reserves	5,855	-	-	5,855	
State Board of Administration - Capital Reserves	-	-	37,332	37,332	
Bank United - Operating Reserves	992,655	-	-	992,655	
Bank United - Emergency Reserves	569,148	-	-	569,148	
Bank United - Capital Reserves	-	-	246,217	246,217	
Series 2017-1 Reserve	

-	

108,655	

-	

108,655	
Revenue	-	260,912	-	260,912	
Interest	-	21	-	21	
Principal	-	12	-	12	
Prepayment	-	4,038	-	4,038	
Series 2017-2 Reserve	

-	

152,231	

-	

152,231	
Revenue	-	304,188	-	304,188	
Interest	-	38	-	38	
Sinking	-	11	-	11	
Deposits	840	-	-	840	
Total Assets	$	2,542,643	$	882,476	$	285,229	$	3,710,348	

Liabilities:					
Accounts Payable	$	38,277	$	-	$	-	$	38,277	
Due to Debt Service	52,370	-	-	52,370	
Deposit/Trash Bonds	13,500	-	-	13,500	
Total Liabilities	$	104,146	$	-	$	-	$	104,146	

Fund Balance:
Nonspendable:
Deposits	$	840	

$	-	$	-	$	840	
Restricted for:					
Debt Service	-	882,476	-	882,476	
Capital Project Reserve Fund	-	-	285,229	285,229	
Emergency Fund	575,002	-	-	575,002	
Unassigned	1,862,655	-	-	1,862,655	
Total Fund Balances	$	2,438,497	$	882,476	$	285,229	$	3,606,202	
					
Total Liabilities & Fund Balance	$	2,542,643	$	882,476	$	285,229	$	3,710,348	

Assigned for:

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/26	Thru 02/28/26	Variance	

Revenues:		
Special Assessments - Tax Roll	$	1,272,662	$	1,018,130	$	1,170,175	$	152,045	
Interest Income	85,000	35,417	29,897	(5,519)	
Insurance Proceeds	-	-	40,169	40,169	
Total Revenues	$	1,357,662	$	1,053,546	$	1,240,241	$	186,694	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	5,000	$	3,800	$	1,200	
FICA Taxes	918	383	291	92	
Assessment Roll	2,000	2,000	2,000	-	
Attorney	65,000	27,083	14,053	13,031	
Attorney - Special Counsel	50,000	20,833	15,128	5,706	
Annual Audit	3,900	1,625	-	1,625	
Arbitrage Rebate	600	600	600	-	
Trustee Fees	7,000	7,000	7,000	-	
Management Fees	72,311	30,130	30,130	0	
Information Technology	1,000	417	417	0	
Website Maintenance	1,000	417	417	0	
Postage & Delivery	750	313	506	(194)	
Insurance General Liability	14,915	14,915	13,389	1,526	
Printing & Binding	1,000	417	25	392	
Rental & Leases	4,800	2,000	2,000	-	
Meeting Room	1,200	500	-	500	
Legal Advertising	1,250	521	144	377	
Other Current Charges	1,400	583	791	(208)	
Office Supplies	250	104	22	82	
Dues, Licenses & Subscriptions	175	175	175	-	
Security	3,000	1,250	729	521	
Total General & Administrative	$	244,469	$	116,265	$	91,615	$	24,649	

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/26	Thru 02/28/26	Variance	

Operations & Maintenance		
Special Pay	$	1,000	$	1,000	$	1,000	$	-	
Field Management	80,000	33,333	33,333		(0)	
Video Monitoring	3,000	1,250	1,132		118	
Internet/Data	2,000	833	355		479	
Electric	105,888	44,120	45,658		(1,538)	
Water	11,000	4,583	3,635		948	
Insurance	52,706	52,706	49,305		3,401	
Weed Control	34,126	14,219	14,850		(631)	
Culvert Inspection	15,000	15,000	35,950		(20,950)	
Holiday Lighting/Decorations	77,071	38,536	35,830		2,706	
Iguana Removal	7,500	3,125	3,125	-	
Landscape Maintenance	371,392	154,747	154,747	0	
Pest Control/Fertilization	48,600	20,250	20,575	(325)	
Landscape Replacement	68,569	28,570	31,134	(2,564)	
Annual Tree Trimming	39,000	16,250	10,208	6,042	
Fountain Maintenance	4,000	1,667	1,495	172	
Fountain Repairs and Maintenance	7,500	3,125	1,398	1,727	
Irrigation Repairs/Maintenance	28,000	11,667	29,909	(18,242)	
Pressure Cleaning	37,070	37,070	36,450	620	
Contingencies	20,000	8,333	5,601	2,732	
Paver Repairs	11,000	4,583	2,275	2,308	
Lighting/Electrical Repairs	22,000	9,167	27,920	(18,754)	
Signs	-	-	17,974	(17,974)	
RPM Replacements	9,000	3,750	-	3,750	
Rust Preventative TR Park	4,770	1,987	1,925	62	
Flags	3,000	1,250	-	1,250	
Total Operations & Maintenance	$	1,063,193	$	511,122	$	565,784	$	(54,662)	
					
Total Expenditures	$	1,307,662	$	627,387	$	657,400	$	(30,013)	
					
Excess (Deficiency) of Revenues over Expenditures	$	50,000	$	426,159	$	582,841	$	156,681	

Other Financing Sources/(Uses):					

Transfer In/(Out)	
$	
(50,000)	
$	
(50,000)	
$	
(50,000)	
$	
-	
Total Other Financing Sources/(Uses)	$	(50,000)	$	(50,000)	$	(50,000)	$	-	
					
Net Change in Fund Balance	$	0	$	376,159	$	532,841	$	156,681	
					
Fund Balance - Beginning			$	1,905,656		
					
Fund Balance - Ending			$	2,438,497		

Revenues:		
Special Assessments - Tax Roll	$	445,623	$	356,498	$	409,362	$	52,864	
Interest Income	-	-	9,784	9,784	
Total Revenues	$	445,623	$	356,498	$	419,147	$	62,648	

Expenditures:					
Series 2017-1
Interest - 11/1	

$	46,448	

$	46,448	

$	46,448	

$	(0)	
Special Call - 11/1	-	-	5,000	(5,000)	
Interest - 5/1	46,448	-	-	-	
Principal - 5/1	90,000	-	-	-	
Series 2017-2
Interest - 11/1	

84,575	

84,575	

84,575	

-	
Interest - 5/1	84,575	-	-	-	
Principal - 5/1	90,000	-	-	-	
Total Expenditures	$	442,046	$	131,023	$	136,023	$	(5,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,577	$	225,475	$	283,124	$	57,648	
					
Fund Balance - Beginning			$	599,353		
					
Fund Balance - Ending			$	882,476		

Revenues					
Interest	$	500	$	208	$	4,226	$	4,018	
Total Revenues	$	500	$	208	$	4,226	$	4,018	

Expenditures:					
Bank Service Charges	$	-	$	-	$	547	$	(547)	
Engineering Fees	-	-	38,825	(38,825)	
Lake Bank Restoration			2,500		
Signs	-	-	7,150	(7,150)	
Total Expenditures	$	-	$	-	$	49,022	$	(46,522)	
					
Excess (Deficiency) of Revenues over Expenditures	$	500	$	208	$	(44,796)	$	(42,504)	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	50,000	$	50,000	$	50,000	$	-	
Total Other Financing Sources (Uses)	$	50,000	$	50,000	$	50,000	$	-	
					
Net Change in Fund Balance	$	50,500	$	50,208	$	5,204	$	(42,504)	
					
Fund Balance - Beginning			$	280,025		
					
Fund Balance - Ending			$	285,229		

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Special Assessments - Tax Roll	$	-	$ 125,876  $  895,355  $  23,345  $ 125,599	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 1,170,175	
Interest Income	5,625	4,995	5,562	7,334	6,381	-	-	-	-	-	-	-	29,897	
Insurance Proceeds	-	27,750	-	-	12,419	-	-	-	-	-	-	-	40,169	
Total Revenues	$	5,625  $ 158,621  $ 900,917  $  30,679  $ 144,399	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 1,240,241	

Expenditures:

General & Administrative:		
Supervisor Fees	$	1,800	$	1,000	$	-	$	-	$	1,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,800	
FICA Taxes	138	77	-	-	77	-	-	-	-	-	-	-	291	
Assessment Roll	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Attorney	5,335	2,310	1,925	2,695	1,788	-	-	-	-	-	-	-	14,053	
Attorney - Special Counsel	910	2,155	1,618	5,755	4,690	-	-	-	-	-	-	-	15,128	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage Rebate	-	600	-	-	-	-	-	-	-	-	-	-	600	
Trustee Fees	7,000	-	-	-	-	-	-	-	-	-	-	-	7,000	
Management Fees	6,026	6,026	6,026	6,026	6,026	-	-	-	-	-	-	-	30,130	
Information Technology	83	83	83	83	83	-	-	-	-	-	-	-	417	
Website Maintenance	83	83	83	83	83	-	-	-	-	-	-	-	417	
Postage & Delivery	211	58	177	46	15	-	-	-	-	-	-	-	506	
Insurance General Liability	13,389	-	-	-	-	-	-	-	-	-	-	-	13,389	
Printing & Binding	8	-	10	7	0	-	-	-	-	-	-	-	25	
Rental & Leases	400	400	400	400	400	-	-	-	-	-	-	-	2,000	
Meeting Room	-	-	-	-	-	-	-	-	-	-	-	-	-	
Legal Advertising	-	144	-	-	-	-	-	-	-	-	-	-	144	
Other Current Charges	176	189	153	100	173	-	-	-	-	-	-	-	791	
Office Supplies	-	-	22	-	-	-	-	-	-	-	-	-	22	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Security	243	243	243	-	-	-	-	-	-	-	-	-	729	

Total General & Administrative	$  37,977  $  13,368  $  10,740  $  15,195  $  14,335  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  91,615

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance

Field Management	6,667	6,667	
Video Monitoring	226	226	
Internet/Data	118	118	
Electric	8,595	8,407	
Water	771	1,008	
Insurance	49,305	-	
Weed Control	2,750	2,750	
Culvert Inspection	16,200	-	

Special Pay

$	-	$

-	$	1,000  $	-	$

-	$	-	$

-	$	-	$	-	$

-	$	-	$

-	$	1,000

6,667	6,667	6,667	-	-	-	-	-	-	-	33,333	
226	226	226	-	-	-	-	-	-	-	1,132	
118	-	-	-	-	-	-	-	-	-	355	
9,138	9,760	9,759	-	-	-	-	-	-	-	45,658	
970	887	-	-	-	-	-	-	-	-	3,635	
-	-	-	-	-	-	-	-	-	-	49,305	
2,750	2,750	3,850	-	-	-	-	-	-	-	14,850	
14,500	-	5,250	-	-	-	-	-	-	-	35,950	
Holiday Lighting/Decorations	35,830	-	-	-	-	-	-	-	-	-	-	-	35,830	
Iguana Removal	625	625	625	625	625	-	-	-	-	-	-	-	3,125	
Landscape Maintenance	30,949	30,949	30,949	30,949	30,949	-	-	-	-	-	-	-	154,747	
Pest Control/Fertilization	4,175	4,175	4,025	4,175	4,025	-	-	-	-	-	-	-	20,575	
Landscape Replacement	9,243	7,639	1,558	6,103	6,590	-	-	-	-	-	-	-	31,134	
Annual Tree Trimming	10,208	-	-	-	-	-	-	-	-	-	-	-	10,208	
Fountain Maintenance	295	295	295	305	305	-	-	-	-	-	-	-	1,495	
Fountain Repairs and Maintenance	-	1,398	-	-	-	-	-	-	-	-	-	-	1,398	
Irrigation Repairs/Maintenance	2,138	5,815	1,294	9,230	11,431	-	-	-	-	-	-	-	29,909	
Pressure Cleaning	36,450	-	-	-	-	-	-	-	-	-	-	-	36,450	
Contingencies	121	325	222	-	4,933	-	-	-	-	-	-	-	5,601	
Paver Repairs	-	-	-	2,275	-	-	-	-	-	-	-	-	2,275	
Lighting/Electrical Repairs	-	18,096	9,041	367	416	-	-	-	-	-	-	-	27,920	
Signs	142	343	14,729	2,700	60								17,974	
RPM Replacements	-	-	-	-	-	-	-	-	-	-	-	-	-	
Rust Preventative TR Park	385	385	385	385	385	-	-	-	-	-	-	-	1,925	
Flags	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total Operations & Maintenance	$ 215,192	$  89,222	$  98,493	$  77,404	$  85,473	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 565,784	
							
Total Expenditures	$ 253,169	$ 102,590	$ 109,233	$  92,600	$  99,808	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 657,400	
							
Excess (Deficiency) of Revenues over Expenditures	$ (247,544)	$  56,031	$ 791,684	$ (61,921)	$  44,592	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 582,841	

Other Financing Sources/Uses:							
Transfer In/(Out)	$ (50,000)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  (50,000)	

Net Change in Fund Balance	$ (297,544)  $  56,031  $  791,684  $ (61,921)  $  44,592  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 532,841

Total Other Financing Sources/Uses	$ (50,000)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  (50,000)

Turtle Run
Community Development District Long Term Debt Report	
Series 2017-1, Special Assessment Bonds	

Interest Rate:	
2.000%		
Maturity Date:	5/1/21	$80,000	
Interest Rate:	2.000%		
Maturity Date:	5/1/22	$85,000	
Interest Rate:	2.125%		
Maturity Date:	5/1/23	$85,000	
Interest Rate:	2.250%		
Maturity Date:	5/1/24	$85,000	
Interest Rate:	2.500%		
Maturity Date:	5/1/25	$90,000	
Interest Rate:	2.600%		
Maturity Date:	5/1/26	$90,000	
Interest Rate:	2.750%		
Maturity Date:	5/1/27	$95,000	
Interest Rate:	2.875%		
Maturity Date:	5/1/28	$95,000	
Interest Rate:	3.100%		
Maturity Date:	5/1/32	$420,000	
Interest Rate:	3.250%		
Maturity Date:	5/1/37	$605,000	
Interest Rate:	3.400%		
Maturity Date:	5/1/47	$1,545,000	

Bonds outstanding - 9/30/2025		
$2,850,000	
	November 1, 2025 (Special Call)	($5,000)	
	May 1, 2026 (Mandatory)	$0	
Current Bonds Outstanding		$2,845,000	

Series 2017-2, Special Assessment Bonds	

Interest Rate:	
4.000%		
Maturity Date:	5/1/28	$535,000	
Interest Rate:	5.000%		
Maturity Date:	5/1/37	$1,135,000	
Interest Rate:	5.000%		
Maturity Date:	5/1/47	$2,020,000	

Bonds outstanding - 9/30/2025		
$3,440,000	
	May 1, 2026 (Mandatory)	$0	
Current Bonds Outstanding		$3,440,000	
	
Total Current Bonds Outstanding		$6,285,000	

Turtle Run
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Broward County

TOTAL ASSESSMENT LEVY (RU) 2017-1	Gross Assessments	$
ON ROLL ASSESSMENTS

589,026.13  $

197,133.81  $

786,159.94

Allocation in %	74.92%	25.08%	100.00%
Date	Distribution	Gross Amount	Discount/(Penalty)	Commission	Interest	Net Receipts	O&M Portion	Debt Service	Total	

11/21/25	
11/1/25-11/14/25	
$	103,334.60	
$	4,224.58	
$	991.10	
$	-	
$	98,118.92	
$	73,515.08	
$	24,603.84	
$	98,118.92	
12/05/25	11/1/25-11/30/25	136,882.44	5,475.61	1,314.09	-	130,092.74	97,471.29	32,621.45	130,092.74	
12/09/25	PROP APPRAISER	-	-	778.48	-	(778.48)	(583.27)	(195.21)	(778.48)	
12/19/25	12/1/25-12/12/25	427,938.01	17,026.61	4,109.09	-	406,802.31	304,794.45	102,007.86	406,802.31	
01/02/26	12/13/25-12/23/25	7,176.03	203.09	69.73	-	6,903.21	5,172.19	1,731.02	6,903.21	
01/16/26	12/1/25-12/31/25	24,375.34	719.43	236.57	-	23,419.34	17,546.82	5,872.52	23,419.34	
01/23/26	INTEREST	-	-	-	389.43	389.43	291.78	97.65	389.43	
2/13/26	1/1/26-1/31/26	$18,282.95	$392.60	$178.89	$0.00	17,711.46	13,270.22	4,441.24	17,711.46	
	TOTAL	$	717,989.37	$	28,041.92	$	7,677.95	$	389.43	$	682,658.93	$	511,478.56	$	171,180.37	$	682,658.93	

$

91.33%
68,170.57

Percent Collected
Balance Remaining to Collect

TOTAL ASSESSMENT LEVY (RT) 2017-2	Gross Assessments	$
ON ROLL ASSESSMENTS

277,511.06  $

102,241.55  $

379,752.61

Allocation in %	73.08%	26.92%	100.00%
Date	Distribution	Gross Amount	Discount/(Penalty)	Commission	Interest	Net Receipts	O&M Portion	Debt Service	Total	

12/05/25	
11/1/25-11/30/25	
$	82,829.15	
$	3,313.16	
$	795.16	
$	-	
$	78,720.83	
$	57,526.66	
$	21,194.17	
$	78,720.83	
12/09/25	PROP APPRAISER	-	-	376.04	-	(376.04)	(274.80)	(101.24)	(376.04)	
12/19/25	12/1/25-12/12/25	296,923.46	11,876.95	2,850.47	-	282,196.04	206,219.84	75,976.20	282,196.04	
1/23/26	INTEREST	$0.00	$0.00	$0.00	$249.52	249.52	182.34	67.18	249.52	
	TOTAL	$	379,752.61	$	15,190.11	$	4,021.67	$	249.52	$	360,790.35	$	263,654.04	$	97,136.31	$	360,790.35	

$

100.00%
-

Percent Collected
Balance Remaining to Collect

TOTAL ASSESSMENT LEVY (RN) 2017-2	Gross Assessments	$
ON ROLL ASSESSMENTS

489,275.22  $

174,690.66  $

663,965.88

84.89%	Percent Collected	
$	100,314.79	Balance Remaining to Collect	
		
90.79%	Total Percent Collected	
$	168,485.36	Total Balance Remaining to Collect	

Allocation in %	73.69%	26.31%	100.00%
Date	Distribution	Gross Amount	Discount/(Penalty)	Commission	Interest	Net Receipts	O&M Portion	Debt Service	Total	

11/21/25	
11/1/25-11/14/25	
$	74,764.01	
$	2,990.56	
$	717.73	
$	-	
$	71,055.72	
$	52,360.83	
$	18,694.89	
$	71,055.72	
12/05/25	11/1/25-11/30/25	44,315.53	1,772.62	425.43	-	42,117.48	31,036.29	11,081.19	42,117.48	
12/09/25	PROP APPRAISER	-	-	657.48	-	(657.48)	(484.50)	(172.98)	(657.48)	
12/19/25	12/1/25-12/12/25	285,071.03	11,402.84	2,736.69	-	270,931.50	199,648.92	71,282.58	270,931.50	
1/23/26	INTEREST	$0.00	$0.00	$0.00	$205.54	205.54	151.46	54.08	205.54	
2/13/26	1/1/26-1/31/26	$159,500.52	$5,525.58	$1,539.74	$0.00	152,435.20	112,329.21	40,105.99	152,435.20	
	TOTAL	$	563,651.09	$	21,691.60	$	6,077.07	$	205.54	$	536,087.96	$	395,042.21	$	141,045.75	$	536,087.96