Turtle Run
Community Development District

Unaudited Financial Reporting
January 31, 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 January 31, 2026

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

Assets:
Cash:
Operating Account	

$	80,122	

$	-	

$	1,756	

$	81,877	
Due from General Fund	-	7,822	-	7,822	
Investments:
State Board of Administration - Operating Reserves	

829,539	

-	

-	

829,539	
State Board of Administration - Emergency Reserves	5,837	-	-	5,837	
State Board of Administration - Capital Reserves	-	-	37,222	37,222	
Bank United - Operating Reserves	990,128	-	-	990,128	
Bank United - Emergency Reserves	567,720	-	-	567,720	
Bank United - Capital Reserves	-	-	255,056	255,056	
Series 2017-1 Reserve	

-	

108,324	

-	

108,324	
Revenue	-	260,118	-	260,118	
Interest	-	21	-	21	
Principal	-	12	-	12	
Prepayment	-	4,026	-	4,026	
Series 2017-2 Reserve	

-	

151,768	

-	

151,768	
Revenue	-	303,263	-	303,263	
Interest	-	38	-	38	
Sinking	-	11	-	11	
Deposits	840	-	-	840	
Total Assets	$	2,474,185	$	835,404	$	294,034	$	3,603,623	

Liabilities:					
Accounts Payable	$	43,309	$	-	$	-	$	43,309	
Due to Debt Service	7,822	-	-	7,822	
Deposit/Trash Bonds	13,500	-	-	13,500	
Total Liabilities	$	64,632	$	-	$	-	$	64,632	

Fund Balance:
Nonspendable:
Deposits	$	840	

$	-	$	-	$	840	
Restricted for:					
Debt Service	-	835,404	-	835,404	
Capital Project Reserve Fund	-	-	294,034	294,034	
Emergency Fund	573,557	-	-	573,557	
Unassigned	1,835,157	-	-	1,835,157	
Total Fund Balances	$	2,409,554	$	835,404	$	294,034	$	3,538,992	
					
Total Liabilities & Fund Balance	$	2,474,185	$	835,404	$	294,034	$	3,603,623	

Assigned for:

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Revenues:		
Special Assessments - Tax Roll	$	1,272,662	$	763,597	$	1,044,575	$	280,978	
Interest Income	85,000	28,333	23,516	(4,817)	
Insurance Proceeds	-	-	27,750	27,750	
Total Revenues	$	1,357,662	$	791,931	$	1,095,841	$	303,911	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	4,000	$	2,800	$	1,200	
FICA Taxes	918	306	214	92	
Assessment Roll	2,000	2,000	2,000	-	
Attorney	65,000	21,667	9,570	12,097	
Attorney - Special Counsel	50,000	16,667	6,308	10,359	
Annual Audit	3,900	1,300	-	1,300	
Arbitrage Rebate	600	600	600	-	
Trustee Fees	7,000	7,000	7,000	-	
Management Fees	72,311	24,104	24,104	0	
Information Technology	1,000	333	333	0	
Website Maintenance	1,000	333	333	0	
Postage & Delivery	750	250	491	(241)	
Insurance General Liability	14,915	14,915	13,389	1,526	
Printing & Binding	1,000	333	24	309	
Rental & Leases	4,800	1,600	1,600	-	
Meeting Room	1,200	400	-	400	
Legal Advertising	1,250	417	144	272	
Other Current Charges	1,400	467	618	(152)	
Office Supplies	250	83	22	61	
Dues, Licenses & Subscriptions	175	175	175	-	
Security	3,000	1,000	729	271	
Total General & Administrative	$	244,469	$	97,950	$	70,456	$	27,494	

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/26	Thru 01/31/26	Variance	

Operations & Maintenance		
Special Pay	$	1,000	$	1,000	$	1,000	$	-	
Field Management	80,000	26,667	26,667		(0)	
Video Monitoring	3,000	1,000	906		94	
Internet/Data	2,000	667	355		312	
Electric	105,888	35,296	35,900		(604)	
Water	11,000	3,667	2,748		918	
Insurance	52,706	52,706	49,305		3,401	
Weed Control	34,126	11,375	11,000		375	
Culvert Inspection	15,000	15,000	30,700		(15,700)	
Holiday Lighting/Decorations	77,071	38,536	35,830		2,706	
Iguana Removal	7,500	2,500	2,500		-	
Landscape Maintenance	371,392	123,797	123,797		0	
Pest Control/Fertilization	48,600	16,200	16,550		(350)	
Landscape Replacement	68,569	22,856	24,544		(1,687)	
Annual Tree Trimming	39,000	13,000	10,208		2,792	
Fountain Maintenance	4,000	1,333	1,190		143	
Fountain Repairs and Maintenance	7,500	2,500	1,398		1,102	
Irrigation Repairs/Maintenance	28,000	9,333	10,540		(1,207)	
Pressure Cleaning	37,070	37,070	36,450		620	
Contingencies	20,000	6,667	668		5,999	
Paver Repairs	11,000	3,667	2,275		1,392	
Lighting/Electrical Repairs	22,000	7,333	27,504		(20,171)	
Signs	-	-	17,914		(17,914)	
RPM Replacements	9,000	3,000	-		3,000	
Rust Preventative TR Park	4,770	1,590	1,540		50	
Flags	3,000	1,000	-		1,000	
Total Operations & Maintenance	$	1,063,193	$	437,760	$	471,488	$	(33,728)	
									
Total Expenditures	$	1,307,662	$	535,710	$	541,944	$	(6,234)	
									
Excess (Deficiency) of Revenues over Expenditures	$	50,000	$	256,221	$	553,898	$	297,677	

Other Financing Sources/(Uses):

Transfer In/(Out)

$	(50,000)	$

(50,000)	$

(50,000)	$	-

Fund Balance - Ending	$	2,409,554

Fund Balance - Beginning	$	1,905,656

Net Change in Fund Balance	$	0	$	206,221	$	503,898	$	297,677

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

Revenues:		
Special Assessments - Tax Roll	$	445,623	$	267,374	$	364,815	$	97,441	
Interest Income	-	-	7,259	7,259	
Total Revenues	$	445,623	$	267,374	$	372,075	$	104,701	

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	$	136,351	$	236,051	$	99,701	
					
Fund Balance - Beginning			$	599,353		
					
Fund Balance - Ending			$	835,404		

Revenues					
Interest	$	500	$	167	$	3,462	$	3,295	
Total Revenues	$	500	$	167	$	3,462	$	3,295	

Expenditures:					
Bank Service Charges	$	-	$	-	$	422	$	(422)	
Engineering Fees	-	-	32,450	(32,450)	
Signs	-	-	6,582	(6,582)	
Total Expenditures	$	-	$	-	$	39,453	$	(39,453)	
					
Excess (Deficiency) of Revenues over Expenditures	$	500	$	167	$	(35,991)	$	(36,158)	

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	$	50,167	$	14,009	$	(36,158)	
					
Fund Balance - Beginning			$	280,025		
					
Fund Balance - Ending			$	294,034		

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

Revenues:

Special Assessments - Tax Roll	$	-	$ 125,876  $  895,355  $  23,345  $	-
Interest Income	5,625	4,995	5,562	7,334	-	$	-
-	$	-
-	$	-
-	$	-
-	$	-
-	$	-
-	$	-	$ 1,044,575
-	23,516	
Insurance Proceeds	-	27,750	-	-	-	-	-	-	-	-	-	-	27,750	
Total Revenues	$	5,625  $ 158,621  $ 900,917  $  30,679  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 1,095,841	

Expenditures:

General & Administrative:		
Supervisor Fees	$	1,800	$	1,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,800	
FICA Taxes	138	77	-	-	-	-	-	-	-	-	-	-	214	
Assessment Roll	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Attorney	5,335	2,310	1,925	-	-	-	-	-	-	-	-	-	9,570	
Attorney - Special Counsel	910	2,155	1,618	1,625	-	-	-	-	-	-	-	-	6,308	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage Rebate	-	600	-	-	-	-	-	-	-	-	-	-	600	
Trustee Fees	7,000	-	-	-	-	-	-	-	-	-	-	-	7,000	
Management Fees	6,026	6,026	6,026	6,026	-	-	-	-	-	-	-	-	24,104	
Information Technology	83	83	83	83	-	-	-	-	-	-	-	-	333	
Website Maintenance	83	83	83	83	-	-	-	-	-	-	-	-	333	
Postage & Delivery	211	58	177	46	-	-	-	-	-	-	-	-	491	
Insurance General Liability	13,389	-	-	-	-	-	-	-	-	-	-	-	13,389	
Printing & Binding	8	-	10	7	-	-	-	-	-	-	-	-	24	
Rental & Leases	400	400	400	400	-	-	-	-	-	-	-	-	1,600	
Meeting Room	-	-	-	-	-	-	-	-	-	-	-	-	-	
Legal Advertising	-	144	-	-	-	-	-	-	-	-	-	-	144	
Other Current Charges	176	189	153	100	-	-	-	-	-	-	-	-	618	
Office Supplies	-	-	22	-	-	-	-	-	-	-	-	-	22	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Security	243	243	243	-	-	-	-	-	-	-	-	-	729	

Total General & Administrative	$  37,977  $  13,368  $  10,740  $	8,370  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  70,456

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	-	-	-	-	-	-	-	-	26,667	
226	226	-	-	-	-	-	-	-	-	906	
118	-	-	-	-	-	-	-	-	-	355	
9,138	9,760	-	-	-	-	-	-	-	-	35,900	
970	-	-	-	-	-	-	-	-	-	2,748	
-	-	-	-	-	-	-	-	-	-	49,305	
2,750	2,750	-	-	-	-	-	-	-	-	11,000	
14,500	-	-	-	-	-	-	-	-	-	30,700	
Holiday Lighting/Decorations	35,830	-	-	-	-	-	-	-	-	-	-	-	35,830	
Iguana Removal	625	625	625	625	-	-	-	-	-	-	-	-	2,500	
Landscape Maintenance	30,949	30,949	30,949	30,949	-	-	-	-	-	-	-	-	123,797	
Pest Control/Fertilization	4,175	4,175	4,025	4,175	-	-	-	-	-	-	-	-	16,550	
Landscape Replacement	9,243	7,639	1,558	6,103	-	-	-	-	-	-	-	-	24,544	
Annual Tree Trimming	10,208	-	-	-	-	-	-	-	-	-	-	-	10,208	
Fountain Maintenance	295	295	295	305	-	-	-	-	-	-	-	-	1,190	
Fountain Repairs and Maintenance	-	1,398	-	-	-	-	-	-	-	-	-	-	1,398	
Irrigation Repairs/Maintenance	2,138	4,769	1,294	2,340	-	-	-	-	-	-	-	-	10,540	
Pressure Cleaning	36,450	-	-	-	-	-	-	-	-	-	-	-	36,450	
Contingencies	121	325	222	-	-	-	-	-	-	-	-	-	668	
Paver Repairs	-	-	-	2,275	-	-	-	-	-	-	-	-	2,275	
Lighting/Electrical Repairs	-	18,096	9,041	367	-	-	-	-	-	-	-	-	27,504	
Signs	142	343	14,729	2,700									17,914	
RPM Replacements	-	-	-	-	-	-	-	-	-	-	-	-	-	
Rust Preventative TR Park	385	385	385	385	-	-	-	-	-	-	-	-	1,540	
Flags	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total Operations & Maintenance	$ 215,192	$  88,176	$  98,493	$  69,627	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 471,488	
						
Total Expenditures	$ 253,169	$ 101,544	$ 109,233	$  77,997	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 541,944	
						
Excess (Deficiency) of Revenues over Expenditures	$ (247,544)	$  57,077	$ 791,684	$ (47,318)	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 553,898	

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

Net Change in Fund Balance	$ (297,544)  $  57,077  $  791,684  $ (47,318)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 503,898

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	
	TOTAL	$	699,706.42	$	27,649.32	$	7,499.06	$	389.43	$	664,947.47	$	498,208.34	$	166,739.13	$	664,947.47	

$

89.00%
86,453.52

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

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	
	TOTAL	$	404,150.57	$	16,166.02	$	4,537.33	$	205.54	$	383,652.76	$	282,713.00	$	100,939.76	$	383,652.76	

60.87%	Percent Collected	
$	259,815.31	Balance Remaining to Collect	
		
81.08%	Total Percent Collected	
$	346,268.83	Total Balance Remaining to Collect