CUTLER CAY COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY Regular Board Meeting & Public
Hearing June 10, 2024
4:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193
www.cutlercaycdd.org 786.347.2711 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

Call to Order

AGENDA
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT
Cutler Cay Community Clubhouse 7755 SW 192nd Street Cutler Bay, FL 33157
REGULAR BOARD MEETING & PUBLIC HEARING June 10, 2024
4:00 p.m.

Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
April 8, 2024 Regular Board Meeting Minutes	Page 2
New Business
Consider Resolution No. 2024-06 – Adopting a Fiscal Year 2024/2025 Meeting Schedule	Page 7
Ratify and Approve the Engineering Recommended Repairs to District Storm Drainage
Structure located on the Driveway at 19468 SW 80 Ct, being Added to the Phase II Project	Page 9
Consider Approval of Association Request to Use Tract G for Children’s Sports Program…	Page 10
Discussion Regarding Nicole Junco-Dib Residence Demand for Maintenance of Vegetation
Discussion Regarding the Common Areas Landscaping
Discussion Regarding the Finalization of the Maintenance Service Agreement Between the District and the Association
Public Hearing
Proof of Publication	Page 11
Receive Public Comments on Fiscal Year 2024/2025 Final Budget
Acknowledgement of Written Homeowner Opposition to Assessment Increase
Consider Resolution No. 2024-07 – Adopting a Fiscal Year 2024/2025 Final Budget…	Page 12
Old Business
Engineering Update Regarding the Feasibility of Moving the Storm Drain to the grass area at 19512 SW 79th Place
Engineering Update Regarding the Phase II Storm Drainage Project
Engineering Update Regarding the Landshore Priority One Phase One Project
Administrative Matters
Financial Update	Page 21
Announce/Reminder of the 2024 General Election and Candidate Qualifying Period - Noon, Monday, June 10, 2024 through Noon, Friday, June 14, 2024
Reminder of the 2023 Form 1 – Statement of Financial Interests Due by July 1, 2024
Board Member and/or Staff Comments/Requests
Adjourn

MIAMI-DADE

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared ROSANA SALGADO, who on oath says that he or she is the LEGAL CLERK, Legal Notices of the Miami Daily Business Review f/k/a Miami Review, of Miami-Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in a newspaper by print in the issues of Miami Daily Business Review f/k/a Miami Review on

10/23/2023

Affiant further says that the newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.

	,.	.,,

ROSANA SALGADO personally known to me

Page 1

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
APRIL 8, 2024

CALL TO ORDER

Mrs. Perez called to order the April 8, 2024, Regular Board Meeting of the Cutler Cay Community Development District (the “District”) at 4:00 p.m. in the Cutler Cay Community Clubhouse located at 7755 SW 192nd Street, Cutler Bay, Florida 33157.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 23, 2023, as part of the District’s Fiscal Year 2023/2024 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting: Chairman Christopher Musser, Vice Chairman Omar Fonte and Supervisors Leo Corradini, Donna Fishbein and Aileen Milian.
Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.; District Counsel Liza Smoker of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.; and District Engineer Juan Alvarez of Alvarez Engineers, Inc.

Also present were several members of the public, members of the Association and Laura Gavilan the Association Property Manager.

ADDITIONS AND/OR DELETIONS TO THE AGENDA

A discussion was added under New Business regarding an e-mail request for slope modifications at 19049 SW 80th Court.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
March 6, 2024, Public Hearing & Special Board Meeting

A MOTION was made by Supervisor Fonte, seconded by Supervisor Fishbein and passed unanimously approving the minutes of the March 6, 2024, Public Hearing & Special Board Meeting, as presented.

March 11, 2024, Workshop

A MOTION was made by Supervisor Fonte, seconded by Supervisor Milian and passed unanimously approving the minutes of the March 11, 2024, Workshop Meeting, as presented.

NEW BUSINESS
Consider Resolution No. 2024-05 – Adopting a Fiscal Year 2024/2025 Proposed Budget

Resolution No. 2024-05 was presented, entitled:

RESOLUTION NO. 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.

Two proposed budget options were presented, and changes can be made, as needed, by the Board. All presented costs are based on estimated expenses and projects. All project costs have been reviewed and/or provided by the District Engineer and/or based on cost estimates. Mrs. Perez noted that the budget that is approved today can be modified as directed by the Board. She added that amounts can be lowered but not increased during the Final Budget Public Hearing.

The presented Debt Service Assessment is at the Series 2021 maximum rates. The Administrative Budget is slightly higher than last year due to increases in legal services and legal advertising. The maintenance budget has been increased substantially as Scenario #1 includes new budget line items consisting of a Security Budget of $460,000 and a Landscaping Budget of $300,000. In the past the line items for Security and Landscaping were on the Association’s Budget pursuant to a maintenance agreement that had recently been terminated by the Association. Since an agreement between both parties was not executed at the time of consideration for the proposed budget, the District added said line items to the budget in order to collect funds for these items.

Both Scenarios #1 and #2 have $400,000 allocated for the Lake Bank Erosion Project (Priority 1 - Phase 2).
The Restoration Project Loan line item has been eliminated due to the Loan not being issued and the funds have been added to the reserve.
The Phase II Drainage Pipe Repairs Project has been removed from both presented Scenarios.

The Retention Wall Maintenance line item has been zeroed out on the proposed budgets on both Scenarios and is being pushed off to a future budget.

Scenario #1
This Scenario is the most expensive of the two Scenarios and provides for two new line items inclusive of Security and Landscaping.

Scenario #2
This Scenario provides the same line items as Scenario #1 without the built-in cost for Security and Landscaping. A typo was identified on page 25 of the meeting book and was acknowledged noting that the presented amount was off by 60k thereby removing the presented amount from the Security line item and allocating the correct amount to the Lake Bank line item.

The estimated available funds anticipated for 9-30-24 are approximately $400,000 should no unforeseen issues/expenses occur. This is in addition to the Roadway Reserve Funds currently at $195,000, the Pipe Repair Project currently at $170,000, the Stormwater Drainage Reserve Funds currently at $85,500 and

Lake Bank Erosion Reserve Funds currently at $192,000. The reserves have not been increased from last year because the budget funds were used during FY 2021-2022. No carryover funds have been applied to the presented Proposed Budget Options ($0 was applied in 2022/2023).

Scenarios #1 and #2 provide for the overall assessment for FY 2024/2025 to be higher than the FY 2023/2024 assessments, for which letters to the residents would be required.

A MOTION was made by Supervisor Fonte, seconded by Supervisor Musser and passed unanimously adopting Resolution No. 2024-05, as presented, approving Proposed Budget Option #1 for Fiscal Year 2024/2025 and Setting the Public Hearing for finalization for June 10, 2024, at 4:00 p.m. at the Cutler Cay Community Clubhouse located at 7755 SW 192nd Street, Cutler Bay, Florida 33157; and further authorizing the required advertisements and letters to homeowners if applicable.

Discussions ensued between the HOA representatives that were present and the District Board Members.

A MOTION was made by Supervisor Fonte, seconded by Supervisor Musser and passed directing District Counsel to prepare a New Maintenance Agreement between the District and the Association with the following terms: for the agreement to be for two years without termination and for the termination term to be changed from 7 months prior to September 30 to 9 months prior to allow for District management to obtain proposals prior to the proposed budget process. The MOTION carried 3 to 1 with Supervisor Milian dissenting.

Under the same topic a second MOTION was made by Supervisor Fonte, seconded by Supervisor Musser and passed unanimously requiring that the Association provide a signed agreement by May 21, 2024, or sooner.

Reported Ponding at 19512 SW 79th Place & the District Engineer’s Opinion

Mr. Alvarez provided an overview of the reported ponding at 19512 SW 79th Place, noting that the owner provided an updated survey and upon review of the same, the issue causing the ponding is both the owner’s and the District’s responsibility. He then provided a solution to the District's issue by recommending that a French drain be installed for an estimated cost of $10,000 and added that this work could be included in the Phase II Project. A conceptual drawing was presented, and Mr. Alvarez was asked if the drain could be moved to the grass area. Mr. Alvarez agreed to determine if the option of moving the drain to the grass area would be applicable.

Consider HCG Phase II Drainage Pipe Repairs Project Agreement Increase

Mrs. Perez advised that the Board had previously approved the HCG Phase II Drainage Pipe Repairs Project Agreement and District Counsel had prepared the same, but it was held by the District Engineer because soon after that direction, at the time the Board decided to move forward with a validation process to issue bonds and include this project cost as part of that. A Revised Proposal that the engineer obtained from HCG has an increase and is presented for Board consideration.

A MOTION was made by Supervisor Fishbein, seconded by Supervisor Fonte and passed unanimously approving the HCG Phase II Drainage Pipe Repairs Project increase, as amended; ; directing the District Engineer to request modifications to remove the line item calling for delineators at the entrance and instead requesting an alternative design not to include delineators and for the previously noted French drain installation be added to the project for a not to exceed project cost of $160,000; and further directing District Counsel to prepare a new agreement.

Discussion ensued between the District Engineer, District Counsel, and the Board Members.

A MOTION was made by Supervisor Fishbein seconded by Supervisor Musser and unanimously passed designating Mr. Fonte to review the new design and updated proposal prior to the execution of the agreement.

Consider Landshore CO#1 for Priority 1 – Phase 1 Project

Mr. Alvarez provided an explanation that Landshore built a drainage system to prevent destabilization of the work that had just been conducted to assist with the drainage of excess water seepage entering the work area behind the property located at 7866 SW 188th Street, Cutler Bay, FL 33157.

A MOTION was made by Supervisor Fonte, seconded by Supervisor Fishbein and passed unanimously approving the Landshore CO#1 for Priority 1 – Phase 1 Project in the amount of $9,006.76, as presented.

Discussion Regarding Lake Bank Slope Modifications Conducted by Owner/Resident at 19049 SW 80th Court

Mr. Alvarez advised that a homeowner and/or resident at 19049 SW 80 Court made modifications to the recently completed lake bank slope by re-grading the slope on District property. Ms. Gavilan, the Association Property Manager, was not aware of the modifications that had been made to the lake bank and stated that she would look into the matter.

Lengthy discussions ensued followed by:

A MOTION was made by Supervisor Fonte seconded by Supervisor Fishbein and unanimously passed directing the District Engineer to have Landshore Enterprises conduct the necessary repairs to achieve the required slope.

A MOTION was made by Supervisor Fonte seconded by Supervisor Musser and unanimously passed directing the District Engineer to contact the homeowner with regard to the modifications that were made in order to ensure that no further modifications are made.

OLD BUSINESS

There were no Old Business items to come before the Board.

ADMINISTRATIVE MATTERS
Financial Update

Mrs. Perez presented the financials, noting that available funds through February 29, 2024, were
$991,028.29.

A MOTION was made by Supervisor Fonte, seconded by Supervisor Musser and passed unanimously ratifying and approving the financials, as presented.

BOARD MEMBER/STAFF COMMENTS/REQUESTS
SDS Ethics Training Memo
Mrs. Perez presented the SDS Ethics Training Memo and provided an overview of the same.

Mrs. Perez noted that Felix Clean Services had completed the initial repairs in early March and the ponds were filled with water as per their recommendation.

Waterflow Irrigation completed the installation of the housing for the well equipment behind the features during the last week of March.

During the first week of April, Felix Clean started working as our maintenance provider. They will keep the equipment turned off until the wall painting project has been completed by the HOA. Felix Clean will also perform a full inspection of the equipment and will report any malfunction or modifications needed.

District management was asked to contact Felix Clean Services to have the fountain jets turned on until right before the painting project begins.

Raptor Vac is scheduled to be onsite Wednesday, April 10, 2024.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Supervisor Musser, seconded by Supervisor Fishbein and passed unanimously adjourning the meeting at 6:21 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairman/Vice Chair

RESOLUTION NO. 2024-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Cutler Cay Community Development District ("District") to establish a regular meeting schedule for fiscal year 2024/2025; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2024/2025 which is attached hereto and made a part hereof as Exhibit “A”.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT, MIAMI-DADE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2024/2025 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 10th day of June, 2024.

ATTEST:	CUTLER CAY
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Cutler Cay Community Development District will hold Regular Meetings in the Cutler Cay Community Clubhouse located at 7755 SW 192nd Street, Cutler Bay, Florida 33157, at 4:00 p.m. for the following dates:

November 18, 2024*
January 13, 2025
March 10, 2025
April 14, 2025
May 12, 2025
June 9, 2025
August 11, 2025
September 8, 2025

* Alternate Meeting date from the typical 2nd Monday due to observance of Veterans Day

The purpose of these meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agenda for any of the meetings may be obtained from the District’s website or by contacting the District Manager at 786-347-2711 Ext. 2011 and/or toll free at 1-877-737-4922.

From time to time one or two Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that the Supervisors may be fully informed of the discussions taking place. Said meeting(s) may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at 786-347-2711 Ext. 2011 and/or toll free at 1-877-737-4922 at least seven
(7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT
www.cutlercaycdd.org

PUBLISH: MIAMI HERALD	00/00/24

SCOPE OF WORK

Remove existing pavers and concrete surrounding inlet grate (as shown above)
Excavate around inlet, 6” depth from the inlet top.
Use concrete coloring dye to match paver color. Test color matches pavers before pouring concrete.
Use 2”x4” wire mesh reinforcement for concrete apron.
Pour concrete and allow cure time per manufacturer specifications.
Barricade around work area to protect concrete apron for 3 days.
Remove barricades and clean the work site and surroundings.

ALVAREZ ENGINEERS, INC.
PROPOSED DRAINAGE INLET CONCRETE APRON AT 19468 SW 80th CT, Cutler Bay, FL 33157
CUTLER CAY - CDD

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LEGEND:
ORB: OFFICIAL RECORD BOOK PB: PLAT BOOK
PG: PAGE
QCD: QUIT CLAIM DEED

LEGEND:

-

D D D

TRACT "A" (PB 162, PG 23)
FOLIO: 36-6003-034-5060
(QCD ORB 26735, PG 1455) CATEGORY: ROAD
TRACTS "B" AND "C" (PB 162, PG 23)
FOLIO: 36-6003-034-5070
(QCD ORB 26735, PG 1455)
CATEGORY: STORMWATER MANAGEMENT SYSTEM

TRACTS "G", "H", "I", "J", "K", "N", "O", "P", "Q", "R", "S", "T",
"U", "V", "W", "X", "AA", "BB", AND "CC" (PB 162, PG 23)

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FOLIO"36-6003-034-5060 (QCD ORB 26735, PG 1455)
CATEGORY: COMMON AREAS

ALVAREZ ENGINEERS, INC.

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400'	650'

CUTLER CAY CDD
CDD LAND OWNERSHIP

5//9/2022 P:\031 IOI - Cutler Cay CDD\Yearly reports\2022 Report\001-CADD\EXHIBIT-03.dgn

EXHIBIT 1

	--■■-I

8
Page 10

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
142040	553610	Print Legal Ad-IPL01738250 - IPL0173825		$1,199.21	2	41 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Special District Services, Inc. 2501A Burns Road
Palm Beach Gardens, Florida 33410 larcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 2 insertion(s) published on:
05/21/24, 05/28/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 28th day of May in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

RESOLUTION NO. 2024-07

A RESOLUTION OF THE CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2024/2025 BUDGET.

WHEREAS, the Cutler Cay Community Development District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2024/2025 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non ad-valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 10th day of June, 2024.

ATTEST:	CUTLER CAY
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Cutler Cay
Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

FINAL MAINTENANCE BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL MAINTENANCE BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

VII	ASSESSMENT COMPARISON

FINAL BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025
BUDGET	
Administrative Assessments	111,781	
Maintenance Assessments	1,948,677	
Debt Assessments - 2014 Refunding	773,141	
Loan Assessments - Restoration Project	0	
Other Revenues	0	
Interest Income	1,200	
Total Revenues	$	2,834,799	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	7,000	
Payroll Taxes (Employer)	560	
Management	33,348	
Secretarial	4,200	
Legal	20,000	
Assessment Roll	7,500	
Audit Fees	3,500	
Arbitrage Rebate Fee	650	
Insurance	15,000	
Legal Advertisements	2,500	
Miscellaneous	3,750	
Postage	700	
Office Supplies	1,400	
Dues & Subscriptions	175	
Trustee Fee	4,200	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	106,833	
		
TOTAL MAINTENANCE EXPENDITURES	$	1,841,500	
		
TOTAL EXPENDITURES	$	1,948,333	
		
REVENUES LESS EXPENDITURES	$	886,466	
		
2021 Bond Refinancing Payments	(726,753)	
		
Balance	$	159,713	
		
County Appraiser & Tax Collector Fee	(53,237)	
Discounts For Early Payments	(106,476)	
		
Excess/ (Shortfall)	$	-	
		
Carryover from Prior Year	0	
		
Net Excess/ (Shortfall)	$	-	

FINAL MAINTENANCE BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2024/2025
BUDGET	

Contingency/Reserve	
200,000	

Lakes Maintenance	
12,000	

Roads Maintenance/Reserve	
50,000	

Stormwater Drainage Maintenance/Reserve	
40,000	

Stormwater Drainage System Pipe Repairs Project - Phase 2	
0	

Field Operations	
12,000	

Walls & Wall Fountain Maintenance	
30,000	

Sidewalk Maintenance/Repairs	
15,000	

Engineering/Inspections	
45,000	

Street Signage	
5,000	

Lake Fountain Maintenance/Reserve	
15,000	

Entry Features Maintenance/Reserve	
15,000	

Guardhouse Exterior Maintenance	
10,000	

Water & Sewage	
2,500	

FPL - Street Lighting Project	
0	

FPL - Electrical Utility	
110,000	

DERM Required Stormwater Quality Improvement Project	
120,000	

Retention Wall Maintenance/Reserve	
0	

Security	
460,000	

Landscaping	
300,000	

Lake Bank Erosion Restoration Project: Priority 1 - Phase 2	
400,000	

Lake Bank Erosion Restoration Project (Loan Payment)	
0	

TOTAL MAINTENANCE EXPENDITURES	
$	1,841,500	

DETAILED FINAL BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
Administrative Assessments	103,845	102,056	111,781	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	895,133	742,571	1,948,677	Expenditures/.94	
Debt Assessments - 2014 Refunding	773,142	773,141	773,141	Payment To Trustee/.94	
Loan Assessments - Restoration Project	0	149,389	0	Loan Did Not Occur	
Other Revenues	33	0	0		
Interest Income	39,336	600	1,200	Interest Estimated At $100 Per Month	
Total Revenues	$	1,811,489	$	1,767,757	$	2,834,799		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	7,600	6,000	7,000	Supervisor Fees	
Payroll Taxes (Employer)	581	480	560	Projected At 8% Of Supervisor Fees	
Management	31,452	32,388	33,348	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2023/2024 Budget	
Legal	22,631	15,000	20,000	$5,000 Increase From 2023/2024 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,400	3,500	3,500	Accepted Amount For 2023/2024 Audit	
Arbitrage Rebate Fee	0	650	650	Report No Longer Required	
Insurance	11,022	15,000	15,000	Insurance Estimate - FY 23/24 Expenditure Was $13,272	
Legal Advertisements	527	750	2,500	Costs Will Increase Due To Closing Of The Miami Business Review	
Miscellaneous	3,689	2,750	3,750	$1,000 Increase From 2023/2024 Budget	
Postage	743	700	700	No Change From 2023/2024 Budget	
Office Supplies	1,121	1,400	1,400	No Change From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Trustee Fee	4,139	4,200	4,200	No Change From 2023/2024 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2023/2024 Budget	
Website Management	2,000	2,000	2,000	No Change From 2023/2024 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	101,130	$	97,043	$	106,833		
					
TOTAL MAINTENANCE EXPENDITURES	$	348,954	$	842,155	$	1,841,500		
					
TOTAL EXPENDITURES	$	450,084	$	939,198	$	1,948,333		
					
REVENUES LESS EXPENDITURES	$	1,361,405	$	828,559	$	886,466		
					
2021 Bond Refinancing Payments	(739,114)	(726,753)	(726,753)	2025 Principal & Interest Payments	
					
Balance	$	622,291	$	101,806	$	159,713		
					
County Appraiser & Tax Collector Fee	(17,097)	(33,935)	(53,237)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(60,715)	(67,871)	(106,476)	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	544,479	$	-	$	-		
					
Carryover from Prior Year	0	0	0	Carryover From Prior Year	
					
Net Excess/ (Shortfall)	$	544,479	$	-	$	-		

DETAILED FINAL MAINTENANCE BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2022/2023 ACTUAL	

FISCAL YEAR 2023/2024 BUDGET	

FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Contingency/Reserve	
1,860	
279,730	
200,000	
Contingency/Reserve	

Lakes Maintenance	
26,666	
12,000	
12,000	
No Change From 2023/2024 Budget	

Roads Maintenance/Reserve	
24,050	
50,000	
50,000	
Fifteen Year Project (Ninth Year)	

Stormwater Drainage Maintenance/Reserve	
17,600	
28,000	
40,000	
Stormwater Drainage Maintenance/Reserve	

Stormwater Drainage System Pipe Repairs Project - Phase 2	
0	
100,000	
0	
Line Item Eliminated	

Field Operations	
12,000	
12,000	
12,000	
$1,000 Per Month	

Walls & Wall Fountain Maintenance	
13,855	
30,000	
30,000	
No Change From 2023/2024 Budget	

Sidewalk Maintenance/Repairs	
4,490	
15,000	
15,000	
No Change From 2023/2024 Budget	

Engineering/Inspections	
54,054	
45,000	
45,000	

Fiscal Year 23/24 Expenditure Through Feb 2024 Was $8,390	

Street Signage	
1,450	
5,000	
5,000	
No Change From 2023/2024 Budget	

Lake Fountain Maintenance/Reserve	
8,165	
15,000	
15,000	
No Change From 2023/2024 Budget	

Entry Features Maintenance/Reserve	
5,235	
15,000	
15,000	
No Change From 2023/2024 Budget	

Guardhouse Exterior Maintenance	
0	
10,000	
10,000	
No Change From 2023/2024 Budget	

Water & Sewage	
77	
5,000	
2,500	
$2,500 Decrease From 2023/2024 Budget	

FPL - Street Lighting Project	
51,620	
0	
0	
Line Item Eliminated	

FPL - Electrical Utility	
106,570	
35,000	
110,000	

Fiscal Year 23/24 Expenditure Through Feb 2024 Was $47,398	

DERM Required Stormwater Quality Improvement Project	
0	
0	
120,000	

DERM Required Stormwater Quality Improvement Project	

Retention Wall Maintenance/Reserve	
0	
45,000	
0	
Fiscal Year 2023/2024 Project	

Security	
0	
0	
460,000	Security (Includes Virtual Gate For Southern Entrance) - Previously On HOA Budget	

Landscaping	
0	
0	
300,000	
Landscaping - Previously On HOA Budget	

Lake Bank Erosion Restoration Project: Priority 1 - Phase 2	
21,262	
0	
400,000	
Amount Per The Annual Engineers Report	

Lake Bank Erosion Restoration Project (Loan Payment)	
0	
140,425	
0	

Loan Did Not Occur - Included In Restoration Project Budget	

TOTAL MAINTENANCE EXPENDITURES	
$	348,954	
$	842,155	
$	1,841,500		

DETAILED FINAL DEBT SERVICE FUND BUDGET CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023
ACTUAL	
FISCAL YEAR 2023/2024
BUDGET	
FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	

Interest Income	
10,182	
100	
500	
Projected Interest For 2024/2025	

NAV Tax Collection	
739,114	
726,753	
726,753	
Maximum Debt Service Collection	

Total Revenues	
$	749,296	
$	726,853	
$	727,253		

EXPENDITURES					

Principal Payments	
570,000	
580,000	
595,000	
Principal Payment Due In 2025	

Interest Payments	
161,998	
143,594	
131,022	
Interest Payments Due In 2025	

Bond Redemption	
0	
3,259	
1,231	
Estimated Excess Debt Collections	

Total Expenditures	
$	731,998	
$	726,853	
$	727,253		

Excess/ (Shortfall)	
$	17,298	
$	-	
$	-		

Series 2021 Bond Refunding Information

Original Par Amount =	$8,125,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.14%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2021			
Maturity Date =

Par Amount As Of 1/1/24 =	May 2034

$7,000,000			

Cutler Cay Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	2021/2022	2022/2023	2023/2024	2024/2025	
Lot	Assessment	Assessment	Assessment	Projected Assessment	
Size	Before Discount*	Before Discount*	Before Discount*	Before Discount*	

60	
Administrative	
$	173.50	$	195.83	$	202.10	
$	
221.35	
	Maintenance - Operating	$	1,091.05	$	1,772.54	$	1,470.45	$	3,858.77	
	Restoration Project Loan	$	-	$	-	$	295.82	$	-	
	Debt - 2004 Bond/2014 Refunding	 $	1,472.84	 $	1,472.84	 $	1,472.84	 $	1,472.84	
	Sub-Total For Lot Size 60	$	2,737.39	$	3,441.21	$	3,441.21	$	5,552.96	
75	Administrative	$	173.50	$	195.83	$	202.10	$	221.35	
	Maintenance - Operating	$	1,091.05	$	1,772.54	$	1,470.45	$	3,858.77	
	Restoration Project Loan	$	-	$	-	$	295.82	$	-	
	Debt - 2004 Bond/2014 Refunding	 $	1,532.45	 $	1,532.45	 $	1,532.45	 $	1,532.45	
	Sub-Total For Lot Size 75	$	2,797.00	$	3,500.82	$	3,500.82	$	5,612.57	
125	Administrative	$	173.50	$	195.83	$	202.10	$	221.35	
	Maintenance - Operating	$	1,091.05	$	1,772.54	$	1,470.45	$	3,858.77	
	Restoration Project Loan	$	-	$	-	$	295.82	$	-	
Debt - 2004 Bond/2014 Refunding	 $	1,704.37	 $	1,704.37	 $	1,704.37	 $	1,704.37	
Sub-Total For Lot Size 125	$	2,968.92	$	3,672.74	$	3,672.74	$	5,784.49	

* Assessments Include the Following :						
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

 Community Information:	
Sixty Foot Lots	180	
Seventy Five Foot Lots	258	
One Hundred Twenty Five Foot Lots	67	
Total Units	505	

 Seventy Five Foot Lots Information		
Total Units	258	
Prepayments	1	
Billed For Debt	257	

Cutler Cay Community Development District

Financial Report For May 2024

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MAY 2024

REVENUES	
Annual Budget
10/1/23 - 9/30/24	

Actual May-24	Year To Date Actual
10/1/23 - 5/31/24	
Administrative Assessments	102,056	3,413	99,574	
Maintenance Assessments	742,571	16,051	702,902	
Debt Assessments - 2014 Refunding	773,141	16,712	731,841	
Loan Assessments - Restoration Project	149,389	3,228	141,350	
Other Revenue	0	0	0	
Interest Income	600	0	37,793	
Total Revenues	$	1,767,757	$	39,404	$	1,713,460	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	0	4,600	
Payroll Taxes (Employer)	480	0	352	
Management	32,388	2,699	21,592	
Secretarial	4,200	350	2,800	
Legal	15,000	0	16,433	
Legal Fees - Extraordinary	0	0	19,049	
Assessment Roll	7,500	0	0	
Audit Fees	3,500	0	0	
Arbitrage Rebate Fee	650	0	0	
Insurance	15,000	0	13,272	
Legal Advertisements	750	0	10,316	
Miscellaneous	2,750	86	2,732	
Postage	700	51	1,252	
Office Supplies	1,400	119	945	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,200	0	4,139	
Continuing Disclosure Fee	350	0	0	
Website Management	2,000	167	1,332	
TOTAL ADMINISTRATIVE EXPENDITURES	$	97,043	$	3,472	$	98,989	
				
TOTAL MAINTENANCE EXPENDITURES (Details On Page 2)	$	842,155	$	22,060	$	378,312	
				
Total Expenditures	$	939,198	$	25,532	$	477,301	
				
Revenues Less Expenditures	$	828,559	$	13,872	$	1,236,159	
				
2014 Bond Refinancing Payments	(726,753)	(16,552)	(698,300)	
				
Balance	$	101,806	$	(2,680)	$	537,859	
				
County Appraiser & Tax Collector Fee	(33,935)	(391)	(16,131)	
Discounts For Early Payments	(67,871)	17	(60,543)	
				
Excess/ (Shortfall)	$	-	$	(3,054)	$	461,185	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(3,054)	$	461,185	

Bank Balance As Of 5/31/24	$	1,610,697.82	
Accounts Payable As Of 5/31/24	$	41,734.62	
Accounts Receivable As Of 5/31/24	$	1,200.00	
Security Deposit As Of 5/31/24	$	-	
Reserve For Project Loan Payment As Of 5/31/24	$	122,074.79	
Reserve For Roads Maintenance As Of 5/31/24	$	195,000.00	
Reserve For Stormwater Drainage As Of 5/31/24	$	85,500.00	
Reserve For Pipe Repairs Project As Of 5/31/24	$	170,000.00	
Reserve For Lake Bank Erosion Project As Of 5/31/24	$	69,817.00	
Available Funds As Of 5/31/24	$	927,771.41	

Note:
Reserve For Lake Bank Erosion Project As Of 10-1-23 Was $278,738.

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT - MAINTENANCE
MAY 2024

MAINTENANCE EXPENDITURES	

Annual Budget
10/1/23 - 9/30/24	

Actual May-24	
Year To Date Actual
10/1/23 - 5/31/24	

Contingency/Reserve	
279,730	
0	
0	

Lakes Maintenance	
12,000	
769	
5,252	

Roads Maintenance/Reserve	
50,000	
0	
3,900	

Stormwater Drainage/Reserve	
28,000	
1,750	
15,490	

Stormwater Drainage System Pipe Repairs Project-Phase 2	
100,000	
0	
0	

Field Operations	
12,000	
1,000	
8,000	

Walls & Wall Fountain Maintenance	
30,000	
1,200	
18,943	

Sidewalk Maintenance/Repairs	
15,000	
0	
13,374	

Engineering/Inspections	
45,000	
8,845	
25,779	

Street Signage	
5,000	
0	
0	

Lake Fountain Maintenance	
15,000	
0	
150	

Entry Features Maintenance	
15,000	
0	
4,430	

Guardhouse Exterior Maintenance	
10,000	
0	
0	

Water & Sewage	
5,000	
0	
70	

FPL - Street Lighting Project	
0	
0	
0	

FPL - Electrical Utility	
35,000	
8,496	
73,970	

DERM Stormwater Drainage System Improvement Project	
0	
0	
0	

Retention Wall Maintenance	
45,000	
0	
0	

Lake Bank Erosion Restoration Project	
0	
0	
208,921	

Lake Bank Erosion Restoration Project (Loan Payment)	
140,425	
0	
0	

Miscellaneous Maintenance	
0	
0	
33	

TOTAL MAINTENANCE EXPENDITURES	
$	842,155	
$	22,060	
$	378,312	

Cutler Cay Community Development District
Budget vs. Actual
October 2023 through May 2024

Oct - May 24	23/24 Budget	$ Over Budget	% of Budget
   
Ordinary Income/Expense Income
363.811 ꞏ Loan Assessments	141,349.98		149,389.00		-8,039.02		94.62%	
363.100 ꞏ Administrative Assessments	99,574.37		102,056.00		-2,481.63		97.57%	
363.101 ꞏ Maintenance Assessments	702,902.14		742,571.00		-39,668.86		94.66%	
363.810 ꞏ Debt Assessments	731,841.29		773,141.00		-41,299.71		94.66%	
363.820 ꞏ Debt Assessment - Pd To Trustee	-698,300.46		-726,753.00		28,452.54		96.09%	
363.830 ꞏ Cty Appraiser & Tax Coll Fee	-16,130.74		-33,935.00		17,804.26		47.53%	
363.831 ꞏ Discounts For Early Payments	-60,542.72		-67,871.00		7,328.28		89.2%	
369.401 ꞏ Interest Income	37,792.85		600.00		37,192.85		6,298.81%	
Total Income	938,486.71		939,198.00		-711.29		99.92%	
Expense								
512.825 ꞏ Retention Wall Repairs	0.00		45,000.00		-45,000.00		0.0%	
512.823 ꞏ Lake Bank Erosion Rest Project	208,921.27		140,425.00		68,496.27		148.78%	
512.826 ꞏ Lake Bank Erosion Rest Prj - Loan Payment	0.00		140,425.00		-140,425.00		0.0%	
511.758 ꞏ FPL - Electrical	73,969.63		35,000.00		38,969.63		211.34%	
511.756 ꞏ Water & Sewage	69.64		5,000.00		-4,930.36		1.39%	
511.754 ꞏ Guardhouse Exterior Maintenance	0.00		10,000.00		-10,000.00		0.0%	
511.753 ꞏ Entry Feature Maintenance	4,430.00		15,000.00		-10,570.00		29.53%	
511.752 ꞏ Fountain Maintenance	150.00		15,000.00		-14,850.00		1.0%	
511.751 ꞏ Street Signage	0.00		5,000.00		-5,000.00		0.0%	
511.308 ꞏ Stormwter Drainage Pipe Project	0.00		100,000.00		-100,000.00		0.0%	
511.307 ꞏ Sidewalk Maint/ Repairs	13,374.14		15,000.00		-1,625.86		89.16%	
511.122 ꞏ Payroll tax expenses	351.90		480.00		-128.10		73.31%	
511.131 ꞏ Supervisor Fee	4,600.00		6,000.00		-1,400.00		76.67%	
511.301 ꞏ Lakes Maintenance	5,252.00		12,000.00		-6,748.00		43.77%	
511.302 ꞏ Roads Maintenance/Reserve	3,900.00		50,000.00		-46,100.00		7.8%	
511.303 ꞏ Stormwater Drainage/Reserve	15,490.00		28,000.00		-12,510.00		55.32%	
511.304 ꞏ Field Operations	8,000.00		12,000.00		-4,000.00		66.67%	
511.305 ꞏ Contingency/Reserve	32.97		279,730.00		-279,697.03		0.01%	
511.306 ꞏ Walls-Wall Fountain Maintenance	18,942.50		30,000.00		-11,057.50		63.14%	
511.310 ꞏ Engineering/Inspections	25,778.75		45,000.00		-19,221.25		57.29%	
511.311 ꞏ Management Fees	21,592.00		32,388.00		-10,796.00		66.67%	
511.312 ꞏ Secretarial Fees	2,800.00		4,200.00		-1,400.00		66.67%	
511.315 ꞏ Legal Fees	16,432.50		15,000.00		1,432.50		109.55%	
511.316 ꞏ Legal Fees - Extraordinary	19,049.41		0.00		19,049.41		100.0%	
511.318 ꞏ Assessment/Tax Roll	0.00		7,500.00		-7,500.00		0.0%	
511.320 ꞏ Audit Fees	0.00		3,500.00		-3,500.00		0.0%	
511.330 ꞏ Arbitrage Rebate Fee	0.00		650.00		-650.00		0.0%	
511.450 ꞏ Insurance	13,272.00		15,000.00		-1,728.00		88.48%	
511.480 ꞏ Legal Advertisements	10,315.98		750.00		9,565.98		1,375.46%	
511.512 ꞏ Miscellaneous	2,732.03		2,750.00		-17.97		99.35%	
511.513 ꞏ Postage and Delivery	1,252.27		700.00		552.27		178.9%	
511.514 ꞏ Office Supplies	945.10		1,400.00		-454.90		67.51%	
511.540 ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 ꞏ Trustee Fees	4,138.75		4,200.00		-61.25		98.54%	
511.734 ꞏ Continuing Disclosure Fee	0.00		350.00		-350.00		0.0%	
511.750 ꞏ Website Management	1,333.28		2,000.00		-666.72		66.66%	
Total Expense	477,301.12		1,079,623.00		-602,321.88		44.21%	
Net Ordinary Income	461,185.59		-140,425.00		601,610.59		-328.42%	
Net Income	461,185.59		-140,425.00		601,610.59		-328.42%	

CUTLER CAY CDD TAX COLLECTIONS 2023-2024

#	

ID#	

PAYMENT FROM	

DATE	

PAYMENT FROM	

Tax Collect Receipts	

Interest Received	

Commissions Paid	

Discount	

Net From Tax Collector	Admin Assessment Income (Before Discounts & Fees)	Maint Assessment Income (Before Discounts & Fees)	Debt - Loan Assessment Income (Before Discounts & Fees)	Debt - Bond Assessment Income (Before Discounts & Fees)	Admin Assessment Income (After Discounts & Fees)	Maint Assessment Income (After Discounts & Fees)	Debt - Loan Assessment Income (After Discounts & Fees)	Debt - Bond Assessment Income (After Discounts & Fees)	

Debt - Loan Assessment Paid to Trustee	

Debt - Bond Assessment Paid to Trustee	
									$	1,767,157	$	102,056	$	742,571	$	149,389	$	773,141	$  102,056	$  742,571	$  149,389	$	773,141			
									$	1,662,238	$	97,043	$	698,017	$	140,425	$	726,753	$	97,043	$  698,017	$  140,425	$	726,753	$	140,425	$	726,753	
1	1	Miami-Dade Tax Collector	11/20/23	NAV Taxes	$	153,059.24		$  (1,466.88)	$  (6,370.54)	$  145,221.82	$  8,846.74	$	64,315.50	$	12,933.55	$  66,963.45	$ 20,665.02	$ 61,022.20	$	-	$  63,534.60		$  63,534.60	
2	2	Miami-Dade Tax Collector	11/24/23	NAV Taxes	$	169,208.25		$  (1,624.41)	$  (6,768.30)	$  160,815.54	$  9,780.20	$	71,101.30	$	14,298.10	$  74,028.65	$ 22,883.94	$ 67,574.70	$	-	$  70,356.90		$  70,356.90	
3	3	Miami-Dade Tax Collector	12/08/23	NAV Taxes	$	1,093,866.46		$  (10,501.12)	$ (43,754.41)	$ 1,039,610.93	$  63,225.47	$  459,642.69	$	92,431.72	$ 478,566.58	$ 147,936.62	$ 436,844.52	$	-	$ 454,829.79		$ 454,829.79	
4	4	Miami-Dade Tax Collector	12/27/23	NAV Taxes	$	27,556.62		$	(267.04)	$	(853.15)	$	26,436.43	$  1,592.78	$	11,579.29	$	2,328.53	$  12,056.02	$  3,761.90	$ 11,108.59	$	-	$  11,565.94		$  11,565.94	
5	5	Miami-Dade Tax Collector	01/09/24	NAV Taxes	$	63,338.52		$	(614.37)	$  (1,900.17)	$	60,823.98	$  3,660.97	$	26,614.85	$	5,352.10	$  27,710.60	$  8,655.21	$ 25,558.25	$	-	$  26,610.52		$  26,610.52	
6	6	Miami-Dade Tax Collector	02/06/24	NAV Taxes	$	29,855.71		$	(292.24)	$	(632.16)	$	28,931.31	$  1,725.56	$	12,545.40	$	2,522.85	$  13,061.90	$  4,116.81	$ 12,157.00	$	-	$  12,657.50		$  12,657.50	
7	Int - 1	Miami-Dade Tax Collector	02/27/24	Interest		$ 1,571.87			$	1,571.87	$  1,571.87				$  1,571.87					$	-	
8	7	Miami-Dade Tax Collector	03/08/24	NAV Taxes	$	17,616.41		$	(174.05)	$	(210.58)	$	17,231.78	$  1,018.22	$	7,402.42	$	1,488.59	$  7,707.18	$  2,452.09	$  7,240.79		$	7,538.90		$  7,538.90	
9	Int - 2	Miami-Dade Tax Collector	03/20/24	Interest		$  110.49			$	110.49	$	110.49				$	110.49					$	-	
10	8	Miami-Dade Tax Collector	04/10/24	NAV Taxes	$	80,079.80		$	(800.11)	$	(70.02)	$	79,209.67	$  4,628.62	$	33,649.53	$	6,766.74	$  35,034.91	$ 11,271.54	$ 33,283.90		$  34,654.23		$  34,654.23	
11	9	Miami-Dade Tax Collector	05/08/24	NAV Taxes/Interest	$	38,198.86	$ 1,205.55	$	(390.52)	$	16.61	$	39,030.50	$  3,413.45	$	16,051.16	$	3,227.80	$  16,712.00	$  6,580.86	$ 15,897.56		$  16,552.08		$  16,552.08	
12									$	-										$	-	
13									$	-										$	-	
14									$	-										$	-	
15									$	-										$	-	
16									$	-										$	-	
17									$	-											
18									$	-											
					$	1,672,779.87	$ 2,887.91	$  (16,130.74)	$ (60,542.72)	$ 1,598,994.32	$  99,574.37	$  702,902.14	$  141,349.98	$ 731,841.29	$ 230,006.35	$ 670,687.51	$	-	$ 698,300.46	$	-	$ 698,300.46	

 Total Roll = $1,767,170.49			
	Collections		Note: $1,767,157, $102,056, $742,571, $149,389 and $773,141 are 2023/2024 Budgeted
assessments before discounts and fees.	
Admin:	$102,060.50	94.66%	Note: $1,662,238, $97,043, $698,017, $140,425 and $726,753 are 2023/2024 Budgeted	
Maint:	$742,577.25		assessments after discounts and fees.	
Debt-Project Loan:	$149,389.10			
Debt-Bond:	$773,143.64			
Total	$1,767,170.49		$ 1,672,779.87	
$	2,887.91	$ 1,598,994.32	
$  (99,574.37)	$  (230,006.35)	
$ (844,252.12)	$  (670,687.51)	
$ (731,841.29)	$  (698,300.46)	
$	-	$	0.00