Cutler Cay Community Development District

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

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL MAINTENANCE BUDGET

III

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

Notes
Reserve Balances Includes Drainage, Pipe, Lake Bank Erosion & Roads Reserves.
Reserve Balances As Of 9/30/2025 total $712,236 - Reserve Balances To Be Adjusted In October 2025.

I

$1,434,977

$188,573

$712,236

$911,314

OPERATING FUND BALANCE AS OF 09/30/24

FY 2024/2025 ACTIVITY

RESERVE FUNDS BALANCE AS OF 9/30/25

OPERATING FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Operating Fund Revenues

Administrative Assessments

111,781

118,044

118,044

Maintenance Assessments

721,164

719,706

719,706

Debt Assessments - 2014 Refunding

773,141

771,640

771,640

Other Revenues

0

0

0

Interest Income

1,200

60,727

60,727

TOTAL REVENUES

$	1,607,286

$	1,670,117

$	1,670,117

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

7,000

7,400

7,400

Payroll Taxes - Employer

560

653

653

Management

33,348

33,348

33,348

Secretarial

4,200

4,200

4,200

Legal

20,000

23,508

23,508

Assessment Roll

7,500

7,500

7,500

Audit Fees

3,500

3,600

3,600

Arbitrage Rebate Fee

650

0

0

Insurance

15,000

13,931

13,931

Legal Advertisements

2,500

3,000

1,918

Miscellaneous

3,750

4,100

3,849

Postage

700

850

799

Office Supplies

1,400

1,375

1,293

Dues & Subscriptions

175

175

175

Trustee Fees

4,200

4,139

4,139

Continuing Disclosure Fee

350

350

350

Website Management

2,000

2,000

2,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	106,833

$	110,129

$	108,663

TOTAL MAINTENANCE EXPENDITURES

$	681,500

673,503

350,610

TOTAL EXPENDITURES

$	788,333

$	673,503

$	459,273

REVENUES LESS EXPENDITURES

$	818,953

$	996,614

$	1,210,844

Bond Refunding Payments

(726,753)

(737,890)

(737,890)

BALANCE

$	92,200

$	258,724

$	472,954

County Appraiser & Tax Collector Fee

(30,733)

(15,524)

(15,524)

Discounts For Early Payments

(61,467)

(54,627)

(54,627)

EXCESS/ (SHORTFALL)

$	-

$	188,573

$	402,803

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	188,573

$	402,803

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

I

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

MAINTENANCE EXPENDITURES

Contingency/Reserve

200,000

200,000

6,750

Traffic Enforcement

0

0

9,347

Retention Wall Maintenance

0

0

3,750

Lake Erosion Restoration Project

0

0

34,521

Lakes Maintenance

12,000

9,000

7,728

Roads Maintenance/Reserve

50,000

50,000

33,062

Stormwater Drainage/Reserve

40,000

40,000

15,202

Field Operations

12,000

12,000

12,000

Walls & Wall Fountain Maintenance

30,000

27,500

24,200

Sidewalk Maintenance/Repairs

15,000

11,500

7,439

Engineering/Inspections

45,000

48,207

48,207

Street Signage

5,000

2,500

1,202

Lake Fountain Maintenance

15,000

5,000

0

Entry Features Maintenance

15,000

25,000

20,312

Guardhouse Exterior Maintenance

10,000

7,500

4,015

Water & Sewage

2,500

750

266

FPL - Electrical

110,000

114,546

114,546

DERM Required Stormwater Quality Improvement Proj.

120,000

120,000

8,063

TOTAL MAINTENANCE EXPENDITURES

$	681,500

$	673,503

$	350,610

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

Notes
Revenue Fund Balance = $189,169*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $62,328.
.
* Approximate Amounts

Series 2021 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =

$8,125,000 2.14%
March 2021
May 2034

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$5,825,000

III

$170,758

$18,411

$189,169

FUND BALANCE AS OF 09/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 09/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

500

12,909

12,909

NAV Tax Collection

726,753

737,890

737,890

Total Revenues

$	727,253

$	750,799

$	750,799

EXPENDITURES

Principal Payments

595,000

595,000

595,000

Interest Payments

131,022

137,388

137,388

Bond Redemption

1,231

0

0

Total Expenditures

$	727,253

$	732,388

$	732,388

Excess/ (Shortfall)

$	-

$	18,411

$	18,411