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Home My WebLink About2026 03 04 TLBD Regular Meeting Minutes TUSCAWILLA LIGHTING AND BEAUTIFICATION DISTRICT ADVISORY COMMITTEE REGULAR MEETING MINUTES MARCH 4, 2026 Rescheduled from February 18, 2026 CITY HALL – COMMISSION CHAMBERS CITY OF WINTER SPRINGS, FLORIDA CALL TO ORDER Chairperson Terri Bivona called the Wednesday, March 4, 2026 Regular Meeting of the Tuscawilla Lighting and Beautification District Advisory Committee to order at 5:15 p.m. in the Commission Chambers of the Municipal Building (City Hall, 1126 East State Road 434, Winter Springs, Florida 32708). Roll Call: Chairperson Terri Bivona, present Vice-Chairperson Dennis Jones, present Committee Member Cynthia “Cyndy” Miericke, present Committee Member Ellen Paul, present Committee Member Rick Ziska, present City Clerk Christian Gowan, present Also present: Mr. Brian Dunigan, Director, Administrative Services and Operations Department Mr. Kevin Maddox, Landscape Manager Ms. Holly Queen, Director, Finance Department A moment of silence was observed followed by the Pledge of Allegiance. AWARDS AND PRESENTATIONS 100) Not Used INFORMATIONAL AGENDA 200) Not Used PUBLIC INPUT Chairperson Bivona opened Public Input Victoria Bruce, Winter Springs expressed concerns about a lack of Florida native plant species included in the proposals and discussed their benefits related to water use and maintenance. Ms. Bruce further noted concern with the inclusion of annuals which required more frequent replacement and inquired about available funds to spend on projects within the district. CITY OF WINTER SPRINGS, FLORIDA MINUTES TUSCAWILLA LIGHTING AND BEAUTIFICATION DISTRICT ADVISORY COMMITTEE REGULAR MEETING – MARCH 4, 2026 PAGE 2 of 4 Kurt Miericke, Winter Springs discussed 5G towers throughout the district and concerns about their placement and impacts on property values. Jorge Giraldo, Representative of Bright Arbor, noted pricing discrepancies among the proposals submitted. Andrew Borgailo, Representative of Bright Arbor, echoed the comments about pricing discrepancies and discussed the benefits of including lighting and landscaping in design. Jaime Beaulieu Representative of Nature’s Care, discussed his company’s approach to their proposal and noted that they had taken into consideration the existing landscape elements and community aesthetics. Chairperson Bivona closed Public Input CONSENT AGENDA 300) Approval of the Wednesday, November 19, 2025 Tuscawilla Lighting & Beautification District Advisory Committee Regular Meeting Minutes No discussion 301) Approval of the Wednesday, January 21, 2026 Tuscawilla Lighting & Beautification District Advisory Committee Special Meeting Minutes No discussion MOTION TO APPROVE THE MINUTES FROM THE NOVEMBER 19, 2025 AND JANUARY 21, 2026 MEETINGS. MOTION BY COMMITTEE MEMBER JONES. SECONDED BY COMMITTEE MEMBER PAUL. DISCUSSION. VOTE: BIVONA (AYE); JONES (AYE); MIERICKE (AYE); PAUL (AYE); ZISKA (AYE) MOTION CARRIED 5-0. PUBLIC HEARINGS AGENDA 400) Not Used REGULAR AGENDA 500) Winter Springs Boulevard Entrance Lighting and Tuscora Drive Monument Relandscaping Mr. Maddox presented three landscape design proposals from different contractors. Committee members expressed concerns about the varying scope of work, with some proposals including lighting while others did not, and different approaches to plant selection and median work. Discussion followed on the process for gathering proposals, a single city design to be bid upon versus three different design concepts, and difficulty in comparing proposals. CITY OF WINTER SPRINGS, FLORIDA MINUTES TUSCAWILLA LIGHTING AND BEAUTIFICATION DISTRICT ADVISORY COMMITTEE REGULAR MEETING – MARCH 4, 2026 PAGE 3 of 4 Further discussion focused on establishing clearer parameters including requirements for 50% Florida native plants, limited to no use of annuals, inclusion of lighting components, and work on both monuments, median, and wing walls. The committee agreed that seasonal color variation and low- maintenance plant selections were priorities. The committee directed staff to solicit new proposals within the defined parameters: 50% Florida native plants, limited or no annuals, lighting inclusion, and comprehensive designs covering the two monuments, wing walls, and the median. 501) Quarterly Fiscal Year to Date Expenditure Details Ms. Queen presented the quarterly financial report through January 31, 2026. Chairperson Bivona questioned contract administration credit and median plant replacement costs. Ms. Queen noted some adjustments in street lighting costs due to pole rate changes and Verizon pole replacements. 502) Budget 2027 Preparation Ms. Queen presented a comprehensive budget projection model for fiscal years 2026-2031. She explained that the 2026 assessment increase of $133,000 (from $128 to $160 per ERU) primarily funded grounds maintenance with a $75,000 increase. Ms. Queen recommended increasing the 2027 assessment to $193 per ERU to fund prioritized projects while maintaining adequate cash reserves. Her model included the $200,000 North Fountain renovation project split across five years at $40,000 annually, plus annual assessment district rehabilitation projects ranging from $75,000 to $90,000. Chairperson Bivona presented an alternative budget model emphasizing earlier completion of high- priority fountain renovations through a graduated rate increase approach, potentially reaching $180-200 per ERU for 2027-2029 before decreasing to $180.1 The committee discussed the need for an operating reserve policy and the importance of addressing high- priority infrastructure needs promptly rather than deferring them for five years. Ms. Queen noted that she would share this tool with the Committee and discuss it further at the next meeting. REPORTS None 1 The presentation from Ms. Bivona is attached to the end of these minutes. Tuscawilla Lighting and Beautification District 2026 Review March 4, 2026 2026 Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 Lookback of the Jan 2026 TLBD Meeting •Need for transparency on project renovations costs, and issue a cost reduction challenge (Pg3) •Review the Project ranking (Pg4) •Recap First 2 projects selected •Tuscora Monument and Lighting •City to bring forward detail scope of work for review , cost updates for review •Review of Source of Funds for FY 26 based on Meeting feedback- lookback and current budget (Pg5) •Review of FY Operating Expenses (Pg6) •Discussion on creation of an Operating Expense Reserve (Pg7) •Review Project Projections under different assumptions 1. ERU - stay at current $160 (Pg8) 2. ERU - increased to $170 (Pg9) 3. ERU - Increased gradually and then decreased (Pg10) •Review proposed allocation of project timeline based on rank and cost (Pg11) Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 2 The Latest Estimates 5% 10% % of Total Project Estimates Original May 21, 2025 Estimates Renovation Project: New Estimates at Jan 21 Special Meeting Difference % Change from September vs Jan '26 Estimate Cut Costs by 5% of Jan 21 meeting Savings Cut Costs by 10% of Jan 21 meeting Savings 60% $1,104,000 A. Landscaping $575,800 -$528,200 -48%$547,010 -$28,790 $518,220 -$57,580 $48,000 a1. Median 1 $14,000 -$34,000 $13,300 -$700 $12,600 -$1,400 $48,000 a2. Median 2 $15,000 -$33,000 $14,250 -$750 $13,500 -$1,500 $96,000 a3. and a4. Median 3 4 ($48,000 each)$23,000 -$73,000 $21,850 -$1,150 $20,700 -$2,300 $48,000 a5. Median 5 $48,000 $0 $45,600 -$2,400 $43,200 -$4,800 $48,000 a6. Median 6 $21,000 -$27,000 $19,950 -$1,050 $18,900 -$2,100 $48,000 a7. Median 7 $3,800 -$44,200 $3,610 -$190 $3,420 -$380 $48,000 a8. Median 8 $27,000 -$21,000 $25,650 -$1,350 $24,300 -$2,700 $48,000 a9. Median 9 $42,000 -$6,000 $39,900 -$2,100 $37,800 -$4,200 $48,000 a10. Median 10 $27,000 -$21,000 $25,650 -$1,350 $24,300 -$2,700 $48,000 a11. Median 11 $32,000 -$16,000 $30,400 -$1,600 $28,800 -$3,200 $48,000 a12. Median 12 $13,000 -$35,000 $12,350 -$650 $11,700 -$1,300 $48,000 a13. Median 13 $38,000 -$10,000 $36,100 -$1,900 $34,200 -$3,800 $48,000 a14. Median 14 $58,000 $10,000 $55,100 -$2,900 $52,200 -$5,800 $48,000 a15. Median 15 $48,000 $0 $45,600 -$2,400 $43,200 -$4,800 $48,000 a16. Median 16 $16,000 -$32,000 $15,200 -$800 $14,400 -$1,600 $48,000 a17. Median 17 $54,000 $6,000 $51,300 -$2,700 $48,600 -$5,400 $48,000 a18. Median 18 $27,000 -$21,000 $25,650 -$1,350 $24,300 -$2,700 $48,000 a19. Median 19 $19,000 -$29,000 $18,050 -$950 $17,100 -$1,900 $48,000 a20. Median 20 $17,000 -$31,000 $16,150 -$850 $15,300 -$32,700 $48,000 a21. Median 21 $9,000 -$39,000 $8,550 -$450 $8,100 -$900 $48,000 a22. Median 22 $11,000 -$37,000 $10,450 -$550 $9,900 -$1,100 $48,000 a23. Median 23 $13,000 -$35,000 $12,350 -$650 $11,700 -$1,300 27% $500,000 B. Monument Restoration $86,000 -$414,000 -83%$81,700 -$4,300 $77,400 -$8,600 31%$155,000 b1. Tuscora Median and Monuments $49,000 -$106,000 $46,550 -$2,450 $44,100 -$4,900 6% $28,000 b2. Trotwood $3,600 -$24,400 -87%$3,420 -$180 $3,240 -$360 13% $63,000 b3. East Winter Springs Blvd $3,600 -$59,400 -94%$3,420 -$180 $3,240 -$360 3% $15,000 b4. Seneca Blvd $3,600 -$11,400 -76%$3,420 -$180 $3,240 -$360 2% $8,000 b5. Shetland $3,600 -$4,400 -55%$3,420 -$180 $3,240 -$360 1% $6,000 b6. Deer Run $3,600 -$2,400 -40%$3,420 -$180 $3,240 -$360 45% $225,000 b7. West Winter Springs Blvd (Tuscawilla Rd)$19,000 -$206,000 -92%$18,050 -$950 $17,100 -$1,900 3% $50,000 C. Street Signage 125 Poles @$400 $50,000 $0 0%$47,500 -$2,500 $45,000 -$5,000 10% $176,000 D. North Fountain Renovation $176,000 $0 0%$167,200 -$8,800 $158,400 -$17,600 100% $1,830,000 $887,800 -$942,200 -51%$843,410 -$44,390 $799,020 -$88,780 View of Proposed Costs for Review and Awareness •2025: May City Presented Estimates at $1,830,000 for planning purposes •2026: January Estimates presented were 51% lower than those originally presented to TLBD •Challenge is to see if we can continue to reduce costs by choosing new replacement selections for any additional savings as we progress with each Renovation Project •5% Reduction will save about $44,390 ~about 1yr off project timeline •10% Reduction will save about $88,780 ~18 months off project timeline •Note Green Highlighted Projects have been approved for moving forward pending design reviews at the Jan TLBD meeting. Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 3 Results of Renovation Project Ranking and 2026 Projects Selected Project Name Location Addional details on Location Suggested Replacement Estimated Cost Jan 21, 2026 Overall Ranking from Jan 21 Results from Brian Projected Year of Completion Estimated Cost Jan 21, 2026 Actual Cost B. Monument Restoration Main Lighting at Main Entrance $19,000.00 2.8 2026 $19,000.00 D. North Fountain Renovation North Fountain Rehab Rehab to match South Fountain updates $176,000.00 2.6 A. Landscaping Median 1 Tuscawilla Rd and Gazell Trail Palm Replacement $14,000.00 2.4 B. Monument Restoration Lighting, main entrance overhaul $49,000.00 2.4 2026 $49,000.00 A. Landscaping Median 3 & 4 2 small Medians between Northern Way and Gary Hillary Drive Understory refurbishment and Sod Replacement $23,000.00 2.0 A. Landscaping Median 5 Gary Hilliary Dr and Augusta National/Woodleaf Drive Sod Replacement and Ligustrum Replacement $48,000.00 2.0 A. Landscaping Median 2 Gazell Trail and Northern Way Understory plant material replacement $15,000.00 1.8 A. Landscaping Median 11 Congressional court/Forest Hills drive and west end of Howell Creek Bridge Understory refurbishment and Sod Replacement $32,000.00 1.8 B. Monument Restoration All Not including Tuscora - Who are they- Small Monuments $18,000.00 1.8 A. Landscaping Medial 6 Augusta National/Woodleaf Drive and Arrowhead court Understory refurbishment and Sod Replacement $21,000.00 1.4 A. Landscaping Median 18 Glen Eagle Drive/Wood Duck Drive west and wood duck drive East Understory refurbishment and Sod Replacement $27,000.00 1.4 A. Landscaping Median 23 Between Blue Creek Drive and Seneca Blvd Understory Replacement $13,000.00 1.4 C. Street Signage 125 Poles @$400 Decorative street Sign Refurbishment $50,000.00 1.4 A. Landscaping Median 8 Whitehall Drive and Tuscora Drive Understory refurbishment and Sod Replacement $27,000.00 1.2 A. Landscaping Median 9 Tuscora Drive and Tuscawilla country club east parking lot entrance Understory refurbishment and Sod Replacement $42,000.00 1.2 A. Landscaping Median 12 Between east end of Howell creek Bridge and Greenbriar Lane Understory and Ligustrum Replacement $13,000.00 1.0 A. Landscaping Median 14 Fox Glen Court and Sam Smith Park Devenport way Understory refurbishment, Sod Replacement and Ligustrum replacement $58,000.00 1.2 A. Landscaping Median 16 Between 1580 Winter Spring Blvd and Northern Way Understory refurbishment and Sod Replacement $16,000.00 1.2 A. Landscaping Median 17 Northern Way and Glenn Eagle drive/Wood Duck Understory refurbishment and Sod Replacement $54,000.00 1.2 A. Landscaping Median 21 Between Northern Way and 1927 Winter Springs Blvd Understory Replacement $9,000.00 1.2 A. Landscaping Median 22 Between 1927 Winter Springs Blvd and Blue Creek Drive Understory Replacement $11,000.00 1.2 A. Landscaping Median 7 Arrowhead Court and Whitehall Drive Understory replacement $3,800.00 1.0 A. Landscaping Median 10 Tucawilla Country club east parking lot entrance and congressional court/Forest Hills Drive Understory refurbishment and Sod Replacement $27,000.00 1.0 A. Landscaping Median 13 GreenGriar Lane and Fox Glen Court Understory refurbishment and Sod Replacement $38,000.00 1.0 A. Landscaping Median 15 Sam Smith Park /Devenport Way and 1580 Winter Springs Blvd Understory refurbishment, Sod Replacement and Ligustrum replacement $48,000.00 1.0 A. Landscaping Median 20 Between Little Sparrow Court and Northern Way Understory refurbishment and Sod Replacement $17,000.00 1.0 A. Landscaping Median 19 Between Wood Duck Drive East and Little Sparrow Court Understory refurbishment and Sod Replacement $19,000.00 1.0 Totals $887,800.00 $68,000.00 Key MeaningNumber Assignment Not interest for FY261 Somewhat Interested for FY26 2 Very Interested in Pursuing in FY26 3 •4 Projects voted by TLDB to be of Higher priority for FY26 •Jan Funding discussion was to allocate $75,003 2 renovations were selected for immediate review of design/costs totaling $68,000 •The North Fountain Renovation project is ranked as a high priority but will not have enough current funds for quite sometime. Review of Ranking Results Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 4 Lookback and Review of FY26 Source of Funds Year 1=2026 2026 2026 Not Discounted BAU Old Rate New Rate Difference Number of ERU's Based on NBS presentation 4,376 4,376 - Annual Assessment $128.00 $160.00 $32.00 Est Annual Assessment Funding note not discounted for early payers $560,108.80 $700,136.00 $140,027.20 Discounted View less 4% due to Nov Collections vs March Number of ERU's Based on NBS presentation 4,376 4,376 - Annual Assessment $122.88 $153.60 $30.72 Est Annual Assessment Funding note discounted for early payers (4%) $537,704.45 $672,130.56 $134,426.11 Carry Forward Fund Balance $57,014 $57,014 Total $594,718.45 $729,144.56 FY24/25 Rate per EU= $128.00 FY25/26 New Rate per EU= $160.00 Additional Revenue FY26 per EU= $32.00 As most assessments are paid in Nov to take advantage of the 4% early pay option vs March. The estimated additional revenue is ~ $134,426 for FY26 based on new rate The carryover fund balance from FY24/25 was $57,014 Total Source of Funds for FY25/26 ~ $729,144 Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 5 Review of FY26 Operating Expenses Observations: •Note without the assessment increase TBLD would have a projected fund balance of $7,465 •FY25/26 Operating Expense budget provided in R&M Infra- Grounds includes $75,003 for Renovation Landscaping improvements •The Source of funds FY25/26= $729,144 less the Operating Expenses $662,256 = $66,889 available funds for allocation to renovation projects •FY25/26 Renovation Budget is $75,003 + $66,889 = $141,892 (this represents a combination of funds allocated in the budget, the FY24/25 carried over fund balance $57,014 + residual $9,874 (after BU operating expenses from new assessment rate) •Note that the rate increase not only helped fund renovations it also helped to fund cash flow shortfalls needed to meet BAU operating expenses in FY25/26 •Total estimated Funds available for renovations for FY25/26 is approximately $141,892 •To date we allocated $19,000 + $49,000 = $68,00 for 2 projects in Jan FY26 •We have approximately $73,892 available to allocate in FY26 for a Total Renovation budget of $141,892. ($141,892-$68,000) Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 6 Year 1=2026 2026 - W/O Assessment 2026 with New Assessment Projected 2026 Operating Costs- City Approved Budget % of Fixed Costs Fixed Annual Operating costs Summary Details Summary Details 555480 Operating Expenses (BAU-Ongoing aka Fixed) 530340 Other Services $3,360 $3,360 1% Tax Collector Revenue Collection Fee $3,360 $3,360 530341 Other Services- Contract/Admin $5,500 $5,500 1% NBS $5,500 $5,500 530341-008Other Services Contract Adminstration/Overhead $58,926 $58,926 9% Includes Insurance, Finance Admin, UB Admin $58,926 $58,926 340430 Utilities $74,340 $74,340 11% Water-Zone 3-WSB/Tuscawilla/Trotwood $29,280 $29,280 Water-Zone 3-Sem Co-Deer Rn, Howell Crk $660 $660 Water-Zone 4-Seneca.Shetland/Dyson/Vistawilla/Tuscora/WSB $10,200 $10,200 Duke Engery Monument Lights -Entrance Lighting (Low voltage) $34,200 $34,200 540434 Streetlights $243,396 $243,396 37% Duke Streetlights- TLBD Accounts Decorative Poles/Fixtures- Lease $243,396 $243,396 545210 R&M Infra- Stormwater Ponds (Fountain MaintenanceFountains) $21,496 $21,496 3% Fountain Maintenance (2 Fountains) $14,880 $14,880 Pump Repairs $1,560 $1,560 Add'l Fountain Repairs bulbs, wiring, etc. $5,056 $5,056 *545270 R&M Infra- Grounds $179,735 $254,738 38% Replacement Plantings $19,304 $19,304 Tree Services - Trimming, Removal, Stump Grinding, etc. $14,000 $14,000 Landscape Irrigation Repairs $5,000 $5,000 Annual Mulchings - Mini Pine Bark $34,650 $34,650 Monthly Landscaping Maint-Contract Natures Care $92,669 $92,669 Seasonal Flower Rotation $7,632 $7,632 Irrigation Monthly Inspections $6,480 $6,480 Fungicide (every 2 years (complete last in 2025) $0 $0 Fertilizer (every 2 years Completed last in 2025) $0 $0 Project Renovations $0 $75,003 545270- 004 R&M Infra- Signs & Walls $500 $500 0% Flags for TLBD Entrance $500 $500 Total Fixed ongoing BAU $587,253 $587,253 $662,256 $662,256 100% Project Renovations $0 $75,003 Total Budget with renovations Total Expenses $587,253 $662,256 Amount avaliable for Renovations w/o carry over Fund Balance $7,465 $66,889 *Total approved grounds= $255,238 of which $180,235 is Fixed ($179,735 +$500) balance is available for renovations$75,003 Funds available for renovations $0 $141,892 Proposal for An Operating Expense Reserves •Fiscal responsibility refers to the prudent management of financial resources, ensuring that expenditures do not exceed revenues to maintain long-term sustainability and avoid excessive debt. For governments, this means balanced budgets and controlled, purposeful spending •Setting up a TLBD operating expenses reserve provides a crucial financial cushion to maintain service continuity, stabilize rates increases, and manage cash flow during unexpected circumstances, emergencies, environmental, or economy downturns. It acts as a rainy-day fund, protecting the Boards ability to act promptly in reviewing shortfalls and project needs outside of Business as Usual (BAU) expenses. •Financial Stability and Risk Management: Reserves protect against unexpected revenue shortfalls, and unplanned expenses such as natural disasters. •Cash Flow Management: The reserve funds bridges the gap in cash flows during the years of unexpected expenses. •Service Continuity: By providing liquidity, reserves ensure that essential services continue to operate without interruption, and provides flexibility to respond to unanticipated opportunities. •Stability: Reserves help prevent the need for immediate, drastic increases, additional assessments during tough economic times or unexpected disasters. •A common recommended target for operating reserves is to cover 10% to 30% of annual General Fund expenditures, some guidelines also suggest aiming for three to six months of expenses. We would seek guidance on this from the City for generally accepted practices. •The Operating Reserve needs to be review and adjusted annually with the TLBD, and should align with a 3–5 yr. forecast. •Formally create an Operating Reserve fund for the unusual and unexpected •Align with principles and solid methodology •Slowly fund to appropriate balance as recommended •Establish a formal annual review process and review of Operating Fund Cash Flows to a forecast to ensure assessments are in alignment •Waiting 15+ years to review assessments is fiscally irresponsible to the Residents in the TLBD District Operating Expense Reserve Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 7 #1 Projection Planning Assessment Rate at $160 per ERU 5 Year Outlook at current Assessment Rate of $160 per ERU. •Cash Flows in FY30 (4yrs.) are low $8,178 and in FY31 revenues due not meet BAU expenses •Funding runs out in FY29 (3yrs.) for any renovations •Highest Priority Renovation the North Fountain is never realized •13 Renovation projects never are not funded •The Operating Expense Reserve Fund is never realized This is a Financial Forecast Model for discussion only. It is an Estimate based on FY26 Budget and projected out BAU and Renovations 2026 2027 2028 2029 2030 2031 Discounted View less 4% due to Nov Collections vs March Number of ERU's Based on NBS presentation 4,376 4,376 4,376 4,376 4,376 4,376 Annual Assessment Rate $160.00 $154 $154 $154 $154 $154 $154 Est Annual Assessment Funding $672,131 $673,881 $673,881 $673,881 $673,881 $673,881 Carry Forward Fund Balance $57,014 Total $729,145 Total Fixed Operating Expenses ongoing BAU$662,256 $649,392 $603,845 $606,351 $665,703 $707,161 *Project Renovations incl. in FY26 Budget$75,003 Amount avaliable for Renovations (includes carryover fund balance $66,889 $24,489 $70,036 $67,530 $8,178 -$33,280FY 2025 Funds available for renovations ($75,003 +$57,014 (C/O) + $9,875 (New Rate residual)$141,892 Funds available for renovations $141,892 $24,489 $70,036 $67,530 $8,178 ($33,280) Rank Projects: Approved projects on Jan 21, 2026 4 Year Renovation Project Planning 2.80 2. Main Entrance Lighting $19,000 2.40 1. Tuscora Renovation $49,000 2.40 4. Median #1 $14,000 2.60 3. Fountain (Reserve or not)$176,0005. Projected Operating Expense Reserves balance 2.00 6. Median 3 & 4 $23,000 2.00 7. Median 2 $15,000 1.20 8. Median 21 $9,000 2.00 9. Median 5 $48,000 1.80 10. Small Monuments $18,000 1.80 11.Median 11 $32,000 1.40 12. Median 6 $21,000 1.40 13.Median 18 $27,000 1.40 14. Median 23 $13,000 1.40 17. Decorative Street Signs $50,000 1.20 15.Median 8 $27,000 1.20 16. Median 9 $42,000 1.00 17. Median 7 $3,800 1.20 18. Median 14 $58,000 1.20 19. Median 16 $16,000 1.20 20.Median 17 $54,000 1.20 21. Median 22 $27,000 1.00 22. Median 10 $11,000 1.00 23. Median 12 $13,000 1.00 24. Median 13 $38,000 1.00 25. Median 15 $48,000 1.00 26. Median 19 $19,000 1.00 27. Median 20 $17,000 $887,800 Total Renovation Projects w/Operating Expense Reserve $138,000 $22,000 $67,800 $66,000 $0 $594,000 ($536,437) Funds Balance $3,892 $2,489 $2,236 $1,530 $8,178 ($627,280)Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 8 #2 Projection Planning Assessment Rate at $170 per ERU 5 Year Outlook at current Assessment Rate of $170 per ERU. •Cash Flows by FY30 low at $6,978 and in FY32 will not cover BAU Operating Expenses •Funding runs out in FY30 (4yrs) for any renovations •Highest Priority Renovation the North Fountain is never realized •8 Renovation projects never are not funded •The Operating Expense Reserve Fund is never realized This is a Financial Forecast Model for discussion only. It is an Estimate based on FY26 Budget and projected out BAU and Renovations 2026 2027 2028 2029 2030 2031 Discounted View less 4% due to Nov Collections vs March Number of ERU's Based on NBS presentation 4,376 4,376 4,376 4,376 4,376 4,376 Annual Assessment Rate $170.00 Inc $10.00 (6%) $154 $163 $163 $163 $163 $163 Est Annual Assessment Funding $672,131 $714,139 $714,139 $714,139 $714,139 $714,139 Carry Forward Fund Balance $57,014 Total $729,145 Total Fixed Operating Expenses ongoing BAU $662,256 $649,392 $603,845 $606,351 $665,703 $707,161 *Project Renovations incl. in FY26 Budget $75,003 Amount avaliable for Renovations (includes carryover fund balance $57,014 + New Rate $66,889 $64,747 $110,294 $107,788 $48,436 $6,978 FY 2025 Funds available for renovations ($75,003 +$57,014 (C/O) + $9,875 (New Rate residual)$141,892 Funds available for renovations $141,892 $64,747 $110,294 $107,788 $48,436 $6,978 Rank Projects: Approved projects on Jan 21, 2026 6 Year Renovation Project Planning 2.80 2. Main Entrance Lighting $19,000 2.40 1. Tuscora Renovation $49,000 2.40 4. Median #1 $14,000 2.60 3. Fountain (Reserve or not)$176,000 5. Projected Operating Expense Reserves balance 2.00 6. Median 3 & 4 $23,000 2.00 7. Median 2 $15,000 1.20 8. Median 21 $9,000 2.00 9. Median 5 $48,000 1.80 10. Small Monuments $18,000 1.80 11.Median 11 $32,000 1.40 12. Median 6 $21,000 1.40 13.Median 18 $27,000 1.40 14. Median 23 $13,000 1.40 17. Decorative Street Signs $50,000 1.20 15.Median 8 $27,000 1.20 16. Median 9 $42,000 1.00 17. Median 7 $3,800 1.20 18. Median 14 $58,000 1.20 19. Median 16 $16,000 1.20 20.Median 17 $54,000 1.20 21. Median 22 $27,000 1.00 22. Median 10 $11,000 1.00 23. Median 12 $13,000 1.00 24. Median 13 $38,000 1.00 25. Median 15 $48,000 1.00 26. Median 19 $19,000 1.00 27. Median 20 $17,000 $887,800 Total Renovation Projects w/Operating Expense Reserve $138,000 $70,000 $110,800 $106,000 $42,000 $421,000 ($335,148) Funds Balance $3,892 ($5,253) ($506)$1,788 $6,436 ($414,022)Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 9 5 #3 Proposed Assessment Gradual Increases then a Forecasted Decrease This is a Financial Forecast Model for discussion only. It is an Estimate based on FY26 Budget and projected out BAU and Renovations 6 Year Outlook - gradual assessment increase then a forecasted decrease – FY25/26 $160, FY26/27 $180, FY27/28 – FY29/30 $200, FY30/31 $180 per ERU per this model. •This model allows for all projects to be completed over 6 years and Highest priority the Fountains to being early in FY27/28 •Begin to create an Operating Expense Reserve for unusual and the unexpected with methodologies and cadence established •Funding for cash flows (revenue in vs expenses out) are met, and all renovations can be completed, while having the ability to possibility reduce assessments in FY31 to forecasted BAU levels. •The most important point is that we are being sensitive to renovation costs and assessment increases to the residents in the district, while trying to balance a 15+ years of lack of fiscal financial responsibility. •Note that we are still operating under the established cap of $220 set in FY25 (Sept), and not reaching that cap in this model. •Negative cash flow should always be addressed without sacrifice to the mission of the TLBD. Assessments (Funding) needs to be review frequently (annually) along with forecasted cost projections. Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 10 2026 2027 2028 2029 2030 2031 Discounted View less 4% due to Nov Collections vs March Number of ERU's Based on NBS presentation 4,376 4,376 4,376 4,376 4,376 4,376 Annual Assessment Rate $180FY27, $200 FY28, $180 FY31 $154 $173 $192 $192 $192 $173 Est Annual Assessment Funding $672,131 $756,147 $840,163 $840,163 $840,163 $757,022 Carry Forward Fund Balance $57,014 Total $729,145 Total Fixed Operating Expenses ongoing BAU $662,256 $649,392 $603,845 $606,351 $665,703 $707,161 *Project Renovations incl. in FY26 Budget $75,003 Total Expense Budget with Renovations $662,256 $756,147 $840,163 $840,163 $840,163 $757,022 Amount avaliable for Renovations (includes carryover fund balance $57,014 + New Rate $66,889 $106,755 $236,318 $233,812 $174,460 $49,861 FY 2025 Funds available for renovations ($75,003 +$57,014 (C/O) + $9,875 (New Rate residual)$141,892 Funds available for renovations $141,892 $106,755 $236,318 $233,812 $174,460 $49,861 Rank Projects: Approved projects on Jan 21, 2026 6 Year Renovation Project Planning 2.80 2. Main Entrance Lighting $19,000 2.40 1. Tuscora Renovation $49,000 2.40 4. Median #1 $14,000 2.6 3. Fountain (Reserve or not to reserve) $176,000 $55,298 5. Projected Operating Expense Reserves balance $3,892 $6,955 $1,318 $812 $9,460 $32,861 2.00 6. Median 3 & 4 $23,000 2.00 7. Median 2 $15,000 1.20 8. Median 21 $9,000 2.00 9. Median 5 $48,000 1.80 10. Small Monuments $18,000 1.80 11.Median 11 $32,000 1.40 12. Median 6 $21,000 1.40 13.Median 18 $27,000 1.40 14. Median 23 $13,000 1.40 17. Decorative Street Signs $50,000 1.20 15.Median 8 $27,000 1.20 16. Median 9 $42,000 1.00 17. Median 7 $3,800 1.20 18. Median 14 $58,000 1.20 19. Median 16 $16,000 1.20 20.Median 17 $54,000 1.20 21. Median 22 $11,000 1.00 22. Median 10 $27,000 1.00 23. Median 12 $13,000 1.00 24. Median 13 $38,000 1.00 25. Median 15 $48,000 1.00 26. Median 19 $19,000 1.00 27. Median 20 $17,000 $887,800 Total Renovation Projects w/Operating Expense Reserve $141,892 $106,755 $236,318 $233,812 $174,460 $49,861 $0 Funds Balance ($0) ($0)$0 $0 $0 $0 Review of Proposed Renovation Project Timeline and Cost- “Roadmap” •Single most Important aspect in planning was to be sensitive to assessments, controlling estimate replacement costs/selection, returning to the mission of the TLBD to bring back the community standards of beautification to which Tuscawilla is known for and to bring the financial projections inline with current costs. •Establishing an Operating Reserve account for unusual/unexpected events so that when they occur there is a funding for them without a need for an additional cost assessment process. •Establish project Transparency with estimated cost compare to detailed actual cost for review and recalibration of project plan projections (cost and assessments). Focus on landscape replacements for cost benefits while retaining beautification. •Many scenarios have been tested and can be made but after several views this appears to be a best fit between balancing funding, rank and timing in my review. Proposed ERU TotalCostRankingProjectYear $19,0002.8Main Entrance Lighting FY25/26 $49,0002.4Tuscora Renovation $14,0002.4Median #1 $23,0002.0Median 3 & 4 $15,0002.0Median 2 $160$138,000$18,0001.8Small Monuments $48,0002.0Median 5FY26/27 $21,0001.4Median 6 $27,0001.2Median 8 $180$99,800$3,8001.0Median 7 $176,0002.6North Fountain FY27/28 $32,0001.8Median 11 $200$235,000$27,0001.4Median 18 $13,0001.4Median 23FY28/29 $58,0001.2Median 14 $54,0001.2Median 17 $42,0001.2Median 9 $200$233,000$16,0001.2Median 16 $11,0001.2Median 22FY29/30 $9,0001.2Median 21 $48,0001.0Median 15 $38,0001.0Median 13 $27,0001.0Median 10 $19,0001.0Median 19 $200$165,000$13,0001.0Median 12 $180$17,000$17,0001.0Median 20FY30/31 $887,800Grand Total Review and Analysis complete by Committee Chairperson of TLBD based on current environment March 4 2026 11 This is a Financial Forecast Model for discussion only. It is an Estimate based on FY26 Budget and projected out BAU and Renovations