Cutler Cay
Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

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 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
Administrative Assessments	119,701	
Maintenance Assessments	720,106	
Debt Assessments - 2014 Refunding	773,141	
Loan Assessments - Restoration Project	0	
Other Revenues	0	
Interest Income	2,400	
Total Revenues	$	1,615,348	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	7,000	
Payroll Taxes (Employer)	560	
Management	34,308	
Secretarial	4,200	
Legal	25,000	
Legal - Extraordinary	0	
Assessment Roll	7,500	
Audit Fees	3,600	
Arbitrage Rebate Fee	0	
Insurance	15,000	
Legal Advertisements	5,000	
Miscellaneous	4,250	
Postage	1,000	
Office Supplies	1,375	
Dues & Subscriptions	175	
Trustee Fee	4,200	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	115,518	
		
TOTAL MAINTENANCE EXPENDITURES	$	680,500	
		
TOTAL EXPENDITURES	$	796,018	
		
REVENUES LESS EXPENDITURES	$	819,330	
		
2021 Bond Refinancing Payments	(726,753)	
		
Balance	$	92,577	
		
County Appraiser & Tax Collector Fee	(30,859)	
Discounts For Early Payments	(61,718)	
		
Excess/ (Shortfall)	$	-	
		
Carryover from Prior Year	0	
		
Net Excess/ (Shortfall)	$	-	

FINAL MAINTENANCE BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2025/2026
BUDGET	

Contingency/Reserve	
60,000	

Lakes Maintenance	
10,000	

Roads Maintenance/Reserve	
90,000	

Stormwater Drainage Maintenance	
58,000	

Stormwater Drainage Repairs Project (Phase II)	
175,000	

Contingency Item For DERM's Drainage Requests	
0	

Field Operations	
12,000	

Traffic Enforcement	
10,000	

Water Features Maintenance (Southern Entrance/Exit)	
35,000	

Sidewalk Maintenance/Repairs	
18,000	

Engineering/Inspections	
50,000	

Street Signage	
5,000	

Lake Fountain Maintenance	
10,000	

Entry Features Maintenance/Reserve	
7,000	

Guardhouse Exterior Maintenance/Reserve	
8,000	

Water & Sewage	
2,500	

FPL - Electrical Utility	
115,000	

Retention Wall	
0	

Perimeter Wall (Off Old Cutler Road)	
15,000	

Shoreline Restoration & Improvements Project	
0	

TOTAL MAINTENANCE EXPENDITURES	
$	680,500	

DETAILED FINAL BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
Administrative Assessments	109,279	111,781	119,701	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	742,571	721,164	720,106	Expenditures/.94	
Debt Assessments - 2014 Refunding	773,141	773,141	773,141	Payment To Trustee/.94	
Loan Assessments - Restoration Project	149,389	0	0	Loan Did Not Occur	
Other Revenues	0	0	0		
Interest Income	71,510	1,200	2,400	Interest Estimated At $200 Per Month	
Total Revenues	$	1,845,890	$	1,607,286	$	1,615,348		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	5,400	7,000	7,000	Supervisor Fees	
Payroll Taxes (Employer)	413	560	560	Projected At 8% Of Supervisor Fees	
Management	32,388	33,348	34,308	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	28,610	20,000	25,000	FY 24/25 Through January 2025 Was $6,800	
Legal - Extraordinary	19,049	0	0		
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,500	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	0	650	0	Report No Longer Required	
Insurance	13,272	15,000	15,000	Insurance Estimate - FY 24/25 Expenditure Was $13,931	
Legal Advertisements	12,030	2,500	5,000	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	4,373	3,750	4,250	$500 Increase From 2024/2025 Budget	
Postage	1,696	700	1,000	$300 Increase From 2024/2025 Budget	
Office Supplies	1,247	1,400	1,375	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,139	4,200	4,200	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	140,342	$	106,833	$	115,518		
					
TOTAL MAINTENANCE EXPENDITURES	$	562,706	$	681,500	$	680,500		
					
TOTAL EXPENDITURES	$	703,048	$	788,333	$	796,018		
					
REVENUES LESS EXPENDITURES	$	1,142,842	$	818,953	$	819,330		
					
2021 Bond Refinancing Payments	(739,187)	(726,753)	(726,753)	2026 Principal & Interest Payments	
					
Balance	$	403,655	$	92,200	$	92,577		
					
County Appraiser & Tax Collector Fee	(16,334)	(30,733)	(30,859)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(61,322)	(61,467)	(61,718)	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	325,999	$	-	$	-		
					
Carryover from Prior Year	0	0	0	Carryover From Prior Year	
					
Net Excess/ (Shortfall)	$	325,999	$	-	$	-		

DETAILED FINAL MAINTENANCE BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2023/2024 ACTUAL	

FISCAL YEAR 2024/2025 BUDGET	

FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Contingency/Reserve	
1,233	
200,000	
60,000	
$140,000 Decrease From 2024/2025 Budget	

Lakes Maintenance	
7,878	
12,000	
10,000	
$2,000 Decrease From 2024/2025 Budget	

Roads Maintenance/Reserve	
3,900	
50,000	
90,000	

Increased-Nine Years Remaining For Sinking Fund Recommended By Engineer	

Stormwater Drainage Maintenance	
15,490	
40,000	
58,000	

Four Year Sinking Fund Recommended By Engineer-Plus Maintenance & Cleaning	

Stormwater Drainage Repairs Project (Phase II)	
61,988	
0	
175,000	
Projected Costs	

Contingency Item For DERM's Drainage Requests	
0	
120,000	
0	
Line Item Eliminated	

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

Traffic Enforcement	
0	
0	
10,000	
Miami-Dade Police Department	

Water Features Maintenance (Southern Entrance/Exit)	
25,343	
30,000	
35,000	
$5,000 Increase From 2024/2025 Budget	

Sidewalk Maintenance/Repairs	
17,864	
15,000	
18,000	
$3,000 Increase From 2024/2025 Budget	

Engineering/Inspections	
45,886	
45,000	
50,000	
Developer Advance Liability Entry - 2023/2024	

Street Signage	
0	
5,000	
5,000	
No Change From 2024/2025 Budget	

Lake Fountain Maintenance	
150	
15,000	
10,000	
$5,000 Decrease From 2024/2025 Budget	

Entry Features Maintenance/Reserve	
5,405	
15,000	
7,000	
$8,000 Decrease From 2024/2025 Budget	

Guardhouse Exterior Maintenance/Reserve	
850	
10,000	
8,000	
$2,000 Decrease From 2024/2025 Budget	

Water & Sewage	
120	
2,500	
2,500	
No Change From 2024/2025 Budget	

FPL - Electrical Utility	
110,671	
110,000	
115,000	
$5,000 Increase From 2024/2025 Budget	

Retention Wall	
0	
0	
0	
Deferred To Fiscal Year 2026/2027 Budget	

Perimeter Wall (Off Old Cutler Road)	
0	
0	
15,000	
New Line-Item Separated From Water Feature	

Shoreline Restoration & Improvements Project	
253,928	
0	
0	
May Be Needed In Fiscal Year 2026/2027	

TOTAL MAINTENANCE EXPENDITURES	
$	562,706	
$	681,500	
$	680,500		

DETAILED FINAL DEBT SERVICE FUND BUDGET CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	

Interest Income	
15,329	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
739,187	
726,753	
726,753	
Maximum Debt Service Collection	

Total Revenues	
$	754,516	
$	727,253	
$	727,953		

EXPENDITURES					

Principal Payments	
580,000	
595,000	
605,000	
Principal Payment Due In 2026	

Interest Payments	
149,800	
131,022	
118,182	
Interest Payments Due In 2026	

Bond Redemption	
0	
1,231	
4,771	
Estimated Excess Debt Collections	

Total Expenditures	
$	729,800	
$	727,253	
$	727,953		

Excess/ (Shortfall)	
$	24,716	
$	-	
$	-		

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 1/1/25 =	May 2034

$6,420,000			

Cutler Cay Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	2022/2023	2023/2024	2024/2025	2025/2026	
Lot		Assessment	Assessment	Assessment	Projected Assessment	
Size		Before Discount*	Before Discount*	Before Discount*	Before Discount*	
60	Administrative	$	195.83	$	202.10	$	221.35	$	237.04	
	Maintenance - Operating	$	1,772.54	$	1,470.45	$	1,428.05	$	1,425.96	
	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	$	3,441.21	$	3,441.21	$	3,122.24	$	3,135.84	
75	Administrative	$	195.83	$	202.10	$	221.35	$	237.04	
	Maintenance - Operating	$	1,772.54	$	1,470.45	$	1,428.05	$	1,425.96	
	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	$	3,500.82	$	3,500.82	$	3,181.85	$	3,195.45	
125	Administrative	$	195.83	$	202.10	$	221.35	$	237.04	
	Maintenance - Operating	$	1,772.54	$	1,470.45	$	1,428.05	$	1,425.96	
	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	$	3,672.74	$	3,672.74	$	3,353.77	$	3,367.37	
	
* 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	

VI