Title: CC Amended Final Budget 2022-2023.xlsx
Author: JWalker

AMENDED FINAL BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT

Cutler Cay Community Development District

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL MAINTENANCE BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

OPERATING FUND FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

Operating Fund Revenues | | |
Administrative Assessments | 98,896 | 103,762 | 103,762
Maintenance Assessments | 895,132 | 895,133 | 895,133
Debt Assessments | 773,141 | 773,142 | 773,142
Other Revenues | 0 | 33 | 33
Interest Income | 300 | 34,993 | 34,943
TOTAL REVENUES | $	1,767,469 | $	1,807,063 | $	1,807,013
EXPENDITURES | | |
ADMINISTRATIVE EXPENDITURES | | |
Supervisor Fees | 6,000 | 7,600 | 7,600
Payroll Taxes - Employer | 480 | 581 | 581
Management | 31,452 | 31,452 | 31,452
Secretarial | 4,200 | 4,200 | 4,200
Legal | 15,000 | 22,631 | 22,631
Assessment Roll | 7,500 | 7,500 | 7,500
Audit Fees | 3,500 | 3,400 | 3,400
Arbitrage Rebate Fee | 650 | 0 | 0
Insurance | 15,000 | 11,022 | 11,022
Legal Advertisements | 750 | 750 | 527
Miscellaneous | 1,750 | 3,800 | 3,528
Postage | 350 | 760 | 743
Office Supplies | 1,000 | 1,175 | 1,121
Dues & Subscriptions | 175 | 175 | 175
Trustee Fees | 3,600 | 4,139 | 4,139
Continuing Disclosure Fee | 350 | 350 | 350
Website Management | 2,000 | 2,000 | 2,000
TOTAL ADMINISTRATIVE EXPENDITURES | $	93,757 | $	101,535 | $	100,969
TOTAL MAINTENANCE EXPENDITURES | $	845,900 | $	838,566 | $	255,310
TOTAL EXPENDITURES | $	939,657 | $	940,101 | $	356,279
REVENUES LESS EXPENDITURES | $	827,812 | $	866,962 | $	1,450,734
Bond Refunding Payments | (726,753) | (739,114) | (739,114)
BALANCE | $	101,059 | $	127,848 | $	711,620
County Appraiser & Tax Collector Fee | (33,686) | (17,097) | (17,097)
Discounts For Early Payments | (67,373) | (60,715) | (60,715)
EXCESS/ (SHORTFALL) | $	- | $	50,036 | $	633,808
Carryover From Prior Year | 0 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	50,036 | $	633,808

OPERATING FUND BALANCE AS OF 09/30/22
FY 2022/2023 ACTIVITY
OPERATING FUND BALANCE AS OF 9/30/23

$598,016
$50,036
$648,052

Notes
Fund Balance Includes Drainage, Pipe & Roads Reserves.
Reserve Balances As Of 9/30/2023 total $261,500 - Unspent Maintenance To Be Added To Reserves In October 2023.

OPERATING FUND - MAINTENANCE EXPENDITURES FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

| FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23 | AMENDED FINAL BUDGET 10/1/22 - 9/30/23 | YEAR TO DATE ACTUAL 10/1/22 - 9/29/23
MAINTENANCE EXPENDITURES | | |
Contingency/Reserve | 105,825 | 105,825 | 1,860
Lakes Maintenance | 10,000 | 26,666 | 26,666
Roads Maintenance/Reserve | 47,500 | 47,500 | 24,050
Stormwater Drainage/Reserve | 17,575 | 17,600 | 17,600
Stormwater Drainage System Pipe Repairs Project | 100,000 | 100,000 | 0
Field Operations | 12,000 | 12,000 | 12,000
Walls & Wall Fountain Maintenance | 25,000 | 14,500 | 13,430
Sidewalk Maintenance/Repairs | 15,000 | 7,500 | 4,490
Engineering/Inspections | 40,000 | 54,054 | 54,054
Street Signage | 5,000 | 1,450 | 1,450
Lake Fountain Maintenance | 15,000 | 11,000 | 8,165
Entry Features Maintenance | 15,000 | 7,500 | 5,235
Guardhouse Exterior Maintenance | 10,000 | 2,500 | 0
Water & Sewage | 5,000 | 500 | 77
FPL - Street Lighting Project | 10,000 | 51,620 | 51,620
FPL - Electrical | 48,000 | 13,351 | 13,351
DERM Stormwater Drainage System Improvement Project | 65,000 | 65,000 | 0
Lake Erosion Restoration Project | 300,000 | 300,000 | 21,262
TOTAL MAINTENANCE EXPENDITURES | $	845,900 | $	838,566 | $	255,310

DEBT SERVICE FUND FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

Interest Income | 25 | 10,182 | 10,182
NAV Tax Collection | 726,753 | 739,114 | 739,114
Total Revenues | $	726,778 | $	749,296 | $	749,296
EXPENDITURES | | |
Principal Payments | 570,000 | 570,000 | 570,000
Interest Payments | 155,899 | 161,998 | 161,998
Bond Redemption | 879 | 0 | 0
Total Expenditures | $	726,778 | $	731,998 | $	731,998
Excess/ (Shortfall) | $	- | $	17,298 | $	17,298

FUND BALANCE AS OF 09/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 09/30/23

$128,744
$17,298
$146,042

Notes
Revenue Fund Balance = $146,042*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment Of $74,900.

* Approximate Amounts |
Series 2021 Bond Refunding Information |
Original Par Amount = | $8,125,000 | Annual Principal Payments Due:
Interest Rate = | 2.14% | May 1st
Issue Date = | March 2021 | Annual Interest Payments Due:
Maturity Date = | May 2034 | May 1st & November 1st
Par Amount As Of 9/30/23 = | $7,000,000 |

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