CUTLER CAY COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING APRIL 13, 2026
6:00 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
April 13, 2026
6:00 p.m.

Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public
Approval of Minutes
March 9, 2026 Regular Board Meeting Minutes	Page 3
New Business
Consider Approval of Raptor Vac Proposal for the “Tract C” Pipe Cleaning and CCTV	Page 8
Consider Approval of Davis Environmental Proposal for Retention Wall – Mangrove & Vegetation Maintenance Services at Tracts A, U, P and G	Page 11
Ratification & Approvals (Actions to be taken collectively via one [1] Motion)
Old Business
Engineer Report/Updates
Phase II Storm Drainage Project
Landshore Enterprises - Shoreline Restoration (Three Areas)
Landshore Enterprises - Shoreflex Repair at 19049 SW 80th Ct
Headley Sidewalk Slab Replacement and Installation of Root Barrier
Discussion and Direction Regarding the Miami-Dade County DERM Five Year Stormwater Maintenance Certification
Management Report/Updates
Traffic Enforcement Services
Davis Environmental Completed the Initial Retention Wall Trimming Work
Google Maps Directing Traffic to the Resident Entrance
Raptor Vac Storm Drainage Cleaning
Felix Clean Southern Water Feature and Wall Repair
Felix Clean Entry Feature Pressure Cleaning and Repairs
Engineering RFQ
Workshop
Review and Discuss the DRAFT Fiscal Year 2025/2026 Proposed Budget	Page 13
Administrative Matters
Financial Update	Page 21

Announce the 2026 General Election and Candidate Qualifying Period – Noon, Monday, June 8, 2026, through Noon, Friday, June 12, 2026
Reminder of Statement of Financial Interests Disclosure 2025 Form 1, Filing Deadline: July 1, 2026
Board Member and/or Staff Comments/Requests
Adjourn

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AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identiﬁcation	Order PO	Cols	Depth	
57872	63035	Legal Ad - IPL0285157	Fiscal Year 2025/2026 Meeting Schedule - PUB	1.0	81.0L	

ATTENTION: Cutler Cay Community Development District IP 2501A Burns Road
Palm Beach Gardens, FL 33410 larcher@sdsinc.org

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 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 Cut-ler Cay Community Clubhouse located at 7755 SW 192nd Street, Cutler Bay, Florida 33157, at 6:00 p.m. for the fol-lowing dates:
November 10, 2025
January 12, 2026
February 9, 2026
March 9, 2026
April 13, 2026
May 11, 2026
June 8, 2026
July 13, 2026
August 10, 2026
September 14, 2026
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 ac-cordance with the provisions of Flor-ida 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 Super-visors 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 speci-fied on the record.

PUBLISHED DAILY MIAMI-DADE-FLORIDA

STATE OF FLORIDA COUNTY OF MIAMI-DADE

Before the undersigned authority personally appeared, the under-signed, who on oath says that he/she is Custodian of Records of The The Miami Herald, a newspaper published in MIami Dade County, Flor-ida, that the attached was published on the publicly accessible website of The Miami Herald or by print In the issues and dates listed below.

Affiant further Says that the said Miami Herald website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.

1.0 insertion(s) published on: 10/31/25 Print

Print Tearsheet Link Marketplace Link
Amanda Rodela

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 accom-modations or an interpreter to partic-ipate 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.

Amanda Rodela

Mary  Castro

Sworn to and subscribed before me on

Oct 31, 2025, 9:28 AM EDT

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT
www.cutlercaycdd.org
PUBLISH: MIAMI HERALD 10/31/25
IPL0285157 Oct 31 2025

Online Notary Public. This notarial act involved the use of online audio/video communication technology. Notarization facilitated by SIGNiX®
Page 1

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 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 Cut-ler Cay Community Clubhouse located at 7755 SW 192nd Street, Cutler Bay, Florida 33157, at 6:00 p.m. for the fol-lowing dates:
November 10, 2025
January 12, 2026
February 9, 2026
March 9, 2026
April 13, 2026
May 11, 2026
June 8, 2026
July 13, 2026
August 10, 2026
September 14, 2026
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 ac-cordance with the provisions of Flor-ida 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 Super-visors 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 speci-fied 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 accom-modations or an interpreter to partic-ipate 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 10/31/25
IPL0285157 Oct 31 2025

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 9, 2026

CALL TO ORDER

Mrs. Perez called to order March 9, 2026, Regular Board Meeting of the Cutler Cay Community Development District (the “District”) at 6:01 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 Herald on October 31, 2025, as part of the District’s Fiscal Year 2025/2026 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 Omar Fonte, Vice Chairperson Dr. Alexandra Penn Williams and Supervisors Leo Corradini (via phone) and Aileen Milian were present.
Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.; and District Counsel Liza Smoker of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.
Also present were several members of the public.

ADDITIONS AND/OR DELETIONS TO THE AGENDA

Mrs. Perez added an agenda item under New Business G.5 Discussion Regarding Request for Southern Entrance Signage.

COMMENTS FROM THE PUBLIC

There were no comments from the public at this time.

APPROVAL OF MINUTES
February 9, 2026, Regular Board Meeting

Mrs. Perez presented the minutes of the February 9, 2026, Regular Board Meeting.

A MOTION was made by Supervisor Milian, seconded by Supervisor Fonte and passed unanimously approving the minutes of the February 9, 2026, Regular Board Meeting, as presented.

Supervisor Alberto Collazo arrived at approximately 6:03 p.m.

NEW BUSINESS
Professional Engineer Review of RFQ Engineer Response Submittals, Ranking and Selection

Mrs. Perez advised the Board that the legal advertisement had been published in the Miami Herald on January 27, 2026, and responses were due by February 26, 2026, at 3:00 p.m. The District received only one submittal from the firm of Colliers Engineering & Design, which was presented in the meeting book. Since there was only one submittal, there was no need for the ranking process. Mrs. Perez noted that Colliers Engineering & Design met the criteria previously approved by the Board and that the Board serves as both the Board and the Selection Committee.

Mrs. Perez noted that this process could not be ranked on price/rates, but negotiations would set forth an hourly rate schedule. It will be up to the Board if the engineer is to attend meetings routinely or as required. Projects can be billed hourly with time and materials or in a lump sum format. District Counsel Smoker elaborated on the process. Additionally, it was clarified that the District, although required to have a District Engineer, can still engage consultation and services from Engineering specialist if they choose and have done in the past.

Representatives for Colliers were present and approached the Board with a brief introduction/presentation.

Chairman/Supervisor Fonte passed the gavel and made a MOTION that was recalled and the gavel was returned to the Chairman.

A lengthy discussion ensued. Mrs. Perez read the RFQ advertisement for the record. The Board/Committee did not rank the presented submittal. In an effort to acquire more submittals the Board discussed conducting a 2nd RFQ process and they invited Collier’s representative to resubmit under the next RFQ process followed by the following:

A MOTION was made by Supervisor Milian, seconded by Supervisor Penn Williams directing District management to begin a new Engineering RFQ process as soon as possible. The MOTION carried 4 to 1 with Supervisor Corradini dissenting.

Consider Felix Clean Southern Water Feature and Wall Repair Options

A MOTION was made by Supervisor Penn Williams, seconded by Supervisor Collazo and passed unanimously selecting Option 1 in the amount of $19,100 for the replacement of all wall spouts to upgraded fiberglass material with the following Board requested items under the same price: include pressure cleaning, all structural walls high and low facing Old Cutler Road and SW 195 Terrace, as well as the application of tiles to match the existing fountain decorative waterline tiles.

Subsequently the District was made aware that the existing tiles had been discontinued, and therefore a close match was being requested. The tile application will be applied at both southern entrance wall mounted half-moon water features facing Old Cutler.

Consider Three Main Entrance Structures Pressure Cleaning and Repairs Proposals

A MOTION was made by Supervisor Collazo, seconded by Supervisor Milian and passed unanimously approving the proposal from Felix Clean Services for the pressure cleaning and repairs to the three main entrance structures at a cost of $3,700; and authorizing District Counsel to prepare an agreement and for District management to execute the same on behalf of the District.

Landshore Enterprises Recommendation and Proposal Options Regarding the Southern
Pond “Tract C” Identified Erosion and Inspection of Outfall Pipe

Presented in the meeting materials was the Landshore Enterprises recommendation and proposal options regarding the Southern Pond “Tract C” identified erosion and inspection of outfall pipe for the Board’s review.

A discussion ensued with regarding the identified erosion. Supervisor Penn Williams noted that erosion was an issue and addressed the HOA Board members that were present and requested that the HOA address the service practices of Brightview’s use of heavy machinery, concerns with regards to the modifications being made to the back of homeowner properties causing run off water to go towards the lake vs the road as intended, etc. contributing to the erosion, amongst other natural contributing factors. Supervisor Fonte agreed and emphasized that the HOA needed to address the areas that they have control over.

The Supervisors were unanimous in encouraging the HOA to enforce the rules and regulations and recommended collaboration between the District and the Association boards to prevent further erosion from occurring. This would assist the District in being proactive rather than reactive.

District management is to obtain a proposal for the cleaning and CCTV of the pipe and outfall at “Tract C” since it has substantial erosion around it.

Mrs. Perez asked the Board, since the next meeting will include a Budget Workshop, to advise if they would like to include an amount for Lake Erosion Repairs and she received a unanimous “no” from them.
Discussion Regarding Request for Southern Entrance Signage – ADDED ITEM

The Request for Southern Entrance Signage was forwarded to the District Board and Staff via email on Tuesday, March 3, 2026, by the Association Manager and the same was forwarded to the District Board and Staff for review in advance of today’s meeting.

Mr. Khalil “Kal” Munem identified himself as the party making the request and emphasized that what he was seeking was for the District to request that Google Maps and the mapping system route the traffic to the main entrance. Said systems are to all be routed to the resident entrance that does not have a guard or capability to make U-turns to back out once the vehicle has entered the southern entrance, causing back-ups and concerns.

A lengthy discussion ensued and District management was directed to reach out and communicate with Google Maps to see if this could be addressed; thereby, rerouting vehicles to the main entrance.

RATIFICATIONS AND APPROVALS (Action to be taken collectively)
Retention Wall – Miami-Dade County, DERM, Class 1 Permit Issuance and Vegetation Removal at Tracts A, G, P and U Project:

Davis Environmental Solutions, Change Order No. 1, Authorizing Mitigation Bank Credit Purchase

The mitigation is for the impact to the mangroves. The County has a trust fund that they accept mitigation based on square footage. For this project, they show that the trust fund amount is $34,984, which is a substantial amount of money. Davis Environmental offered to provide an analysis and go to a mitigation

bank, advising the District that he is confident the mitigation amount will drop to approximately $5,000, the lowest amount they sell. He further noted that the mitigation bank credit determination was a bit of a process and required some analysis. Based on hourly rates, he estimated an additional $1,200 to be invoiced as the Change Order No. 1 presented, thereby providing for savings in the amount of approximately (+/-) $28,000.

FPL Everglades Mitigation Bank Agreement

Presented in the meeting materials for the Board’s consideration was the approved FPL Everglades Mitigation Bank Agreement.

A MOTION was made by Supervisor Milian, seconded by Supervisor Penn Williams and passed unanimously approving the above Items H.1.a. and b., as presented.

OLD BUSINESS
Engineer Updates
Phase II Storm Drainage Project

This is currently under review by DERM.

Landshore Enterprises - Shoreline Restoration (Three Areas)

This project is ongoing.
Landshore Enterprises - Shoreflex Repair at 19049 SW 80th Court

Landshore will correct this area prior to demobilization, as it is closest to the staging area. Landshore will provide documentation of the repair and any updated cross sections, if applicable.
Management Report/Updates
Traffic Enforcement Services

No updates were provided at this time.

Headley Sidewalk Slab Replacement and Installation of Root Barrier

The original part of this job (sidewalk slabs replacement and root barrier installation) was completed by Headley in February. The approved additional work consisting of transitions by Clubhouse entrances/exists was completed, but the District Engineer did not approve the work that was conducted and communicated the pending corrections to Headley. Headley has advised that corrections were scheduled for this week, weather permitting.

Lake Bank Signage Size Reduction and Relocation

Falcon completed this project on February 18, 2026.

Raptor Vac Storm Drainage Cleaning

Raptor Vac has this job scheduled for the week of March 9, 2026, weather permitting.

ADMINISTRATIVE MATTERS
Financial Update

Mrs. Perez presented the financial statement through February 28, 2026, and indicated that available funds were $11,644,919.12.

A MOTION was made by Supervisor Penn Williams, seconded by Supervisor Corradini and passed unanimously ratifying and approving the financials, as presented.

BOARD MEMBER/STAFF COMMENTS/REQUESTS

There were no further comments from Board Members.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Supervisor Fonte, seconded by Supervisor Penn Williams and passed unanimously adjourning the meeting at 7:52 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairman/Vice Chair

PROPOSAL
Tel 786-694-0709
E-mail: operations@raptorvac.com
STORMWATER DRAIN MAINTENANCE
PROPOSAL SUBMITTED TO:
Cutler Cay CDD ℅ SDS, Inc.	PROJECT NAME:
Cutler Cay CDD	
BUSINESS ADDRESS:
2501A Burns Road, Palm Beach Gardens, FL	PROJECT LOCATION:
7755 SW 192nd St, Cutler Bay, FL 33157	
CONTACT:
Management	DATE:
April 5, 2026	

We hereby propose to furnish all labor and equipment to complete the work outlined in this proposal in accordance with the Scope of Work listed below.

SCOPE OF WORK: All labor, equipment and materials to complete work in accordance with pricing in Price Sheet and scope of work detailed below.

Vac-con combination sewer cleaner and support pick up truck with pipeline plugs and water pump to clean 230LF 18” HDPE pipeline from SD-124 to out fall. Plug, dewater and CCTV.
1 Basin $110.00
Pipeline Cleaning 230LF x $2.50 = $575.00 Vac Truck Mobilization $300.00
Truck Load $200.00
CCTV 230LF x $1.15 = $264.50
CCTV Mobilization $250.00 Support Pick Up Truck $100.00 Water Pump and Hoses $250.00 Plug $150.00

COST: We propose to conduct this work in accordance with the above Scope of Work for the sum of $2,199.50.

Two Thousand One Hundred Ninety Nine and 50/100 Cents

Acceptance on next page…

ACCEPTANCE: Client hereby accepts and agrees to the terms, Scope of Work, and all other conditions and speciﬁcations hereinabove. Raptor Vac Systems is authorized to perform the work. Payment shall be made in accordance with the provisions contained hereinabove.

Accepted by:

Authorized Representative’s Signature

Date of Acceptance

March 26, 2026

Cutler Cay Community Development District C/o Ronal Galvis

Re: Proposal for Mangrove Maintenance Trimming for Cutler Cay, Miami, Florida, Tract A, U, P and G
Dear Mr. Galvis:
Davis Environmental Solutions, LLC is pleased to present the Cutler Cay Community Development District (Client) with this proposal for mangrove maintenance trimming services along four retaining walls within the development where mangroves and other vegetation are causing damage to the wall and railing. The original Miami-Dade permit, CC03-010 Coastal Construction Permit, specifically required that any future trimming along these areas would require a Class I, Coastal Construction DERM Permit. The permit will be for the perpetual trimming of mangroves, buttonwoods, and other vegetation to provide clearance from the wall and railing. This proposal is a budget estimate. The final proposal will be based on the scope that is approved through the permitting process and will be updated following the initial trimming. This proposal is based on trimming one time per year. If trimming more frequently is preferred, the fees can be adjusted.
The following Tasks outline the scope of services to be provided by Davis Environmental Solutions.
SCOPE OF SERVICES

Pre-Trimming Mangrove Flagging and Filing of Notice of Intent to Trim
Davis Environmental Solutions will file a notice of intent to trim with the Miami-Dade County Department of Environmental Management (DERM) in accordance with the permit requirements. DES will flag the extent of the trimming to mark the horizontal extent of the permitted trimming area prior to the County’s arrival.

Pre-Trimming Meeting with DERM
Davis Environmental Solutions will meet on-site with Miami-Dade County DERM to review the proposed trimming to ensure agreement and coordination on the extent of the trimming.
Perform the Mangrove Maintenance Trimming
A DES PMT will oversee work and will self-perform the mangrove maintenance trimming. We will clean up and haul out all debris to ensure the site is left in a clean and professional manner.
Invasive Exotic Vegetation Treatment
Miami-Dade County mangrove permits require the removal and proper treatment of Category 1 invasive species. Numerous Brazilian Pepper trees are mixed with the mangroves along the retaining walls. This invasive species will be removed at the level of the top of the wall and the remaining stumps properly treated with an approved herbicide by a licensed State of Florida Herbicide Applicator.
DERM Compliance Coordination
DES will coordinate with DERM compliance to inspect the trimming work and verify that the work meets the conditions of the trimming permit.
TOTAL ESTIMATED LUMP SUM FEE INITIAL TRIMMING EVENT
All Four Tracts Together

Page 11

Date	Annual Cost	
March 2027	$8,140.00	
March 2028	$8,360.00	
March 2029	$8,610.00	

Fees will be invoiced per the following payment schedule:
50% due prior to scheduling of trimming event
50% due upon completion of trimming event
ASSUMPTIONS/EXCLUSIONS
Every effort will be made to ensure no damage to landscaping or walkways. The proposal does not include repair of grass, paver bricks or other minor damage that may occur in the performance of the work.
Davis Environmental Solutions assumes that all inspection fees will be paid directly by the Client/Owner. Davis Environmental Solutions has not included any such fees in this cost proposal.
This proposal is valid for ninety (90) days.
Any significant modifications to the project scope requested of Davis Environmental Solutions may require additional compensation. Any additional work requested of Davis Environmental Solutions outside the scope of services will be billed at the hourly rates listed in the attached fee schedule.

I appreciate the opportunity to present our services to you. Please signify your acceptance of this proposal including Attachment “A” General Terms and Conditions, by signing below and returning a signed copy. If you have any questions regarding this proposal, don't hesitate to get in touch with me at 305-332-5913 or by email at Matt@davis-environmental.com.
Sincerely,

Matt Davis Vice-President
Davis Environmental Solutions, LLC

This is to acknowledge acceptance of the terms specified in this letter. Accepted by: Cutler Cay Community Development District, Client

By:	

Date:	

Cutler Cay
Community Development District

Draft Budget For Workshop

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

PROPOSED BUDGET

PROPOSED MAINTENANCE BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED MAINTENANCE BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

VII	ASSESSMENT COMPARISON

PROPOSED BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2026/2027 BUDGET	
Administrative Assessments	119,679	
Maintenance Assessments	720,106	
Debt Assessments - 2014 Refunding	773,141	
Other Revenues	0	
Interest Income	3,000	
Total Revenues	$	1,615,926	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	8,000	
Payroll Taxes (Employer)	640	
Management	35,232	
Secretarial	4,200	
Legal	26,000	
Assessment Roll	7,500	
Audit Fees	3,600	
Insurance	15,000	
Legal Advertisements	5,000	
Miscellaneous	4,750	
Postage	1,000	
Office Supplies	1,450	
Dues & Subscriptions	175	
Trustee Fee	4,200	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	119,097	
		
TOTAL MAINTENANCE EXPENDITURES	$	677,500	
		
TOTAL EXPENDITURES	$	796,597	
		
REVENUES LESS EXPENDITURES	$	819,329	
		
2021 Bond Refinancing Payments	(726,753)	
		
Balance	$	92,576	
		
County Appraiser & Tax Collector Fee	(30,858)	
Discounts For Early Payments	(61,718)	
		
Excess/ (Shortfall)	$	-	
		
Carryover from Prior Year	0	
		
Net Excess/ (Shortfall)	$	-	

Reserve For Project/Lake Bank Erosion As Of 3/31/26*	$	140,425.00	
Reserve For Roads Maintenance As Of 3/31/26	$	257,900.00	
Reserve For Stormwater Drainage As Of 3/31/26	$	122,800.00	
Reserve For Pipe Repairs Project As Of 3/31/26	$	208,000.00	
Reserve For Entry Features As Of 3/31/26	$	-	
Reserve For Guardhouse Exterior Maint As Of 3/31/26	$	-	
Total Reserves As Of 3/31/26	$	729,125.00	

* To Be Updated Upon Receipt Of Invoice From Landshore Enterprises.

PROPOSED MAINTENANCE BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2026/2027
BUDGET	

Lakes Maintenance	
10,000	

Field Operations	
12,000	

Traffic Enforcement	
10,000	

Sidewalk Maintenance/Repairs	
20,000	

Engineering/Inspections	
50,000	

Street Signage	
5,000	

Lake Fountain Maintenance	
10,000	

Water & Sewage	
2,500	

FPL - Electrical Utility	
120,000	

Lake Bank Erosion Restoration Project	
0	

Shoreline Restoration & Improvements Project	
0	

Stormwater Drainage Repairs Project (Phase II)	
25,000	

Perimeter Wall (Off Old Cutler Road) Maintenance/Reserve	
10,000	

Water Features Maintenance/Reserve	
40,000	

Retention Wall Maintenance/Reserve	
10,000	

Entry Features Maintenance/Reserve	
12,000	

Guardhouse Exterior Maintenance/Reserve	
10,000	

Contingency/Reserve	
146,000	

Roads Maintenance/Reserve	
115,000	

Stormwater Drainage Maintenance/Reserve	
70,000	

TOTAL MAINTENANCE EXPENDITURES	
$	677,500	

DETAILED PROPOSED BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2024/2025 ACTUAL	
FISCAL YEAR 2025/2026 BUDGET	
FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	
Administrative Assessments	118,044	119,701	119,679	Expenditures Less Interest & Carryover (9%)/.94	
Maintenance Assessments	719,706	720,106	720,106	Expenditures Less Carryover (91%)/.94	
Debt Assessments - 2014 Refunding	771,640	773,141	773,141	Payment To Trustee/.94	
Other Revenues	0	0	0		
Interest Income	65,508	2,400	3,000	Interest Estimated At $250 Per Month	
Total Revenues	$	1,674,898	$	1,615,348	$	1,615,926		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	7,400	7,000	8,000	Supervisor Fees	
Payroll Taxes (Employer)	653	560	640	Projected At 8% Of Supervisor Fees	
Management	33,348	34,308	35,232	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2025/2026 Budget	
Legal	23,508	25,000	26,000	FY 25/26 Through January 2026 Was $5,445	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,600	3,600	3,600	Accepted Amount For 2025/2026 Audit	
Insurance	13,931	15,000	15,000	Insurance Estimate - FY 24/25 Expenditure Was $14,186	
Legal Advertisements	1,918	5,000	5,000	FY 25/26 Through January 2026 Was $2,566	
Miscellaneous	4,012	4,250	4,750	$500 Increase From 2025/2026 Budget	
Postage	799	1,000	1,000	No Change From 2025/2026 Budget	
Office Supplies	1,293	1,375	1,450	$75 Increase From 2025/2026 Budget	
Dues & Subscriptions	175	175	175	No Change From 2025/2026 Budget	
Trustee Fee	4,139	4,200	4,200	No Change From 2025/2026 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2025/2026 Budget	
Website Management	2,000	2,000	2,000	No Change From 2025/2026 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	108,826	$	115,518	$	119,097		
					
TOTAL MAINTENANCE EXPENDITURES	$	350,610	$	680,500	$	677,500		
					
TOTAL EXPENDITURES	$	459,436	$	796,018	$	796,597		
					
REVENUES LESS EXPENDITURES	$	1,215,462	$	819,330	$	819,329		
					
2021 Bond Refinancing Payments	(737,890)	(726,753)	(726,753)	2027 Principal & Interest Payments	
					
Balance	$	477,572	$	92,577	$	92,576		
					
County Appraiser & Tax Collector Fee	(15,524)	(30,859)	(30,858)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(54,627)	(61,718)	(61,718)	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	407,421	$	-	$	-		
					
Carryover from Prior Year	0	0	0	Carryover From Prior Year	
					
Net Excess/ (Shortfall)	$	407,421	$	-	$	-		

Reserve For Project/Lake Bank Erosion As Of 3/31/26*	$	140,425.00	
Reserve For Roads Maintenance As Of 3/31/26	$	257,900.00	
Reserve For Stormwater Drainage As Of 3/31/26	$	122,800.00	
Reserve For Pipe Repairs Project As Of 3/31/26	$	208,000.00	
Reserve For Entry Features As Of 3/31/26	$	-	
Reserve For Guardhouse Exterior Maint As Of 3/31/26	$	-	
Total Reserves As Of 3/31/26	$	729,125.00	
* To Be Updated Upon Receipt Of Invoice From Landshore Enterprises.

DETAILED PROPOSED MAINTENANCE BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2024/2025 ACTUAL	

FISCAL YEAR 2025/2026 BUDGET	

FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	

Lakes Maintenance	
7,728	
10,000	
10,000	
No Change From 2025/2026 Budget	

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

Traffic Enforcement	
9,347	
10,000	
10,000	
Miami-Dade Police Department	

Sidewalk Maintenance/Repairs	
7,439	
18,000	
20,000	
$2,000 Increase From 2025/2026 Budget	

Engineering/Inspections	
48,207	
50,000	
50,000	
No Change From 2025/2026 Budget	

Street Signage	
1,202	
5,000	
5,000	
No Change From 2025/2026 Budget	

Lake Fountain Maintenance	
0	
10,000	
10,000	
No Change From 2025/2026 Budget	

Water & Sewage	
266	
2,500	
2,500	
No Change From 2025/2026 Budget	

FPL - Electrical Utility	
114,546	
115,000	
120,000	
$5,000 Increase From 2025/2026 Budget	

Lake Bank Erosion Restoration Project	
34,521	
0	
0		

Shoreline Restoration & Improvements Project	
8,063	
0	
0	

May Be Needed In Fiscal Year 2026/2027	

Stormwater Drainage Repairs Project (Phase II)	
0	
175,000	
25,000	
Projected Costs	

Perimeter Wall (Off Old Cutler Road) Maintenance/Reserve	
0	
15,000	
10,000	
Reserve Commencing In 2026/2027	

Water Features Maintenance/Reserve	
24,200	
35,000	
40,000	
Reserve Commencing In 2026/2027	

Retention Wall Maintenance/Reserve	
3,750	
0	
10,000	
Retention Wall Maintenance/Reserve	

Entry Features Maintenance/Reserve	
20,312	
7,000	
12,000	
$5,000 Increase From 2025/2026 Budget	

Guardhouse Exterior Maintenance/Reserve	
4,015	
8,000	
10,000	
$2,000 Increase From 2025/2026 Budget	

Contingency/Reserve	
6,750	
60,000	
146,000	
$86,000 Increase From 2025/2026 Budget	

Roads Maintenance/Reserve	
33,062	
90,000	
115,000	

Eight Years Remaining For Sinking Fund Recommended By Engineer	

Stormwater Drainage Maintenance/Reserve	
15,202	
58,000	
70,000	

Three Years Remaining For Sinking Fund Recommended By Engineer Plus Maintenance	

TOTAL MAINTENANCE EXPENDITURES	
$	350,610	
$	680,500	
$	677,500		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR

2024/2025

ACTUAL	
FISCAL YEAR

2025/2026

BUDGET	
FISCAL YEAR

2026/2027

BUDGET	

COMMENTS	

Interest Income	
12,908	
1,200	
1,500	
Projected Interest For 2026/2027	

NAV Tax Collection	
737,890	
726,753	
726,753	
Maximum Debt Service Collection	

Total Revenues	
$	750,798	
$	727,953	
$	728,253		

EXPENDITURES					

Principal Payments	
595,000	
605,000	
615,000	
Principal Payment Due In 2027	

Interest Payments	
137,388	
118,182	
105,128	
Interest Payments Due In 2027	

Bond Redemption	
0	
4,771	
8,125	
Estimated Excess Debt Collections	

Total Expenditures	
$	732,388	
$	727,953	
$	728,253		

Excess/ (Shortfall)	
$	18,410	
$	-	
$	-		

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 1/1/26 =	May 2034

$5,825,000			

Cutler Cay Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	2023/2024	2024/2025	2025/2026	2026/2027	
Lot	Assessment	Assessment	Assessment	Projected Assessment	
Size	Before Discount*	Before Discount*	Before Discount*	Before Discount*	
60	Administrative	$	202.10	$	221.35	$	237.04	$	243.29	
	Maintenance - Operating	$	1,470.45	$	1,428.05	$	1,425.96	$	1,419.67	
	Restoration Project Loan	$	295.82	$	-	$	-	$	-	
	Debt - 2004 Bond/2014 Refunding/2021 Refunding	 $	1,472.84	 $	1,472.84	 $	1,472.84	 $	1,472.84	
	Sub-Total For Lot Size 60	$	3,441.21	$	3,122.24	$	3,135.84	$	3,135.80	
75	Administrative	$	202.10	$	221.35	$	237.04	$	243.29	
	Maintenance - Operating	$	1,470.45	$	1,428.05	$	1,425.96	$	1,419.67	
	Restoration Project Loan	$	295.82	$	-	$	-	$	-	
	Debt - 2004 Bond/2014 Refunding/2021 Refunding	 $	1,532.45	 $	1,532.45	 $	1,532.45	 $	1,532.45	
	Sub-Total For Lot Size 75	$	3,500.82	$	3,181.85	$	3,195.45	$	3,195.41	
125	Administrative	$	202.10	$	221.35	$	237.04	$	243.29	
	Maintenance - Operating	$	1,470.45	$	1,428.05	$	1,425.96	$	1,419.67	
	Restoration Project Loan	$	295.82	$	-	$	-	$	-	
Debt - 2004 Bond/2014 Refunding/2021 Refunding	 $	1,704.37	 $	1,704.37	 $	1,704.37	 $	1,704.37	
Sub-Total For Lot Size 125	$	3,672.74	$	3,353.77	$	3,367.37	$	3,367.33	
* 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 March 2026

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2026

REVENUES	
Annual Budget
10/1/25 - 9/30/26	

Actual Mar-26	Year To Date Actual
10/1/25 - 3/31/26	
Administrative Assessments	119,701	2,273	106,109	
Maintenance Assessments	720,106	13,675	630,249	
Debt Assessments - 2021 Refunding	773,141	14,680	676,547	
Other Revenue	0	0	0	
Interest Income	2,400	0	1,207	
Total Revenues	$	1,615,348	$	30,628	$	1,414,112	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	7,000	1,000	3,800	
Payroll Taxes (Employer)	560	77	291	
Management	34,308	2,859	17,154	
Secretarial	4,200	350	2,100	
Legal	25,000	0	8,258	
Assessment Roll	7,500	0	0	
Audit Fees	3,600	0	0	
Arbitrage Rebate Fee	0	0	0	
Insurance	15,000	0	14,186	
Legal Advertisements	5,000	0	2,566	
Miscellaneous	4,250	191	1,015	
Postage	1,000	103	320	
Office Supplies	1,375	36	703	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,200	4,246	4,246	
Continuing Disclosure Fee	350	0	0	
Website Management	2,000	165	1,000	
Bank Service Charges	0	0	488	
TOTAL ADMINISTRATIVE EXPENDITURES	$	115,518	$	9,027	$	56,302	
				
TOTAL MAINTENANCE EXPENDITURES (Details On Page 2)	$	680,500	$	45,707	$	153,589	
				
Total Expenditures	$	796,018	$	54,734	$	209,891	
				
Revenues Less Expenditures	$	819,330	$	(24,106)	$	1,204,221	
				
2021 Bond Refinancing Payments	(726,753)	(14,396)	(644,144)	
				
Balance	$	92,577	$	(38,502)	$	560,077	
				
County Appraiser & Tax Collector Fee	(30,859)	(303)	(13,636)	
Discounts For Early Payments	(61,718)	(288)	(53,968)	
				
Excess/ (Shortfall)	$	-	$	(39,093)	$	492,473	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(39,093)	$	492,473	

Bank Balance As Of 3/31/26	$	2,399,828.83	
Accounts Payable As Of 3/31/26	$	66,157.57	
Accounts Receivable As Of 3/31/26	$	1,200.00	
Reserve For Project/Lake Bank Erosion As Of 3/31/26	$	140,425.00	
Reserve For Roads Maintenance As Of 3/31/26	$	257,900.00	
Reserve For Stormwater Drainage As Of 3/31/26	$	122,800.00	
Reserve For Pipe Repairs Project As Of 3/31/26	$	208,000.00	
Reserve For Entry Features As Of 3/31/26	$	-	
Reserve For Guardhouse Exterior Maintenance As Of 3/31/26	$	-	
Available Funds As Of 3/31/26	$	1,605,746.26	

- To Be Updated Upon Receipt Of Invoice From Landshore Enterprises.

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT - MAINTENANCE MARCH 2026

MAINTENANCE EXPENDITURES	

Annual Budget
10/1/25 - 9/30/26	

Actual Mar-26	
Year To Date Actual
10/1/25 - 3/31/26	

Lakes Maintenance	
10,000	
769	
3,864	

Field Operations	
12,000	
1,000	
6,000	

Traffic Enforcement	
10,000	
1,638	
3,042	

Water Features Maintenance (Southern Entrance/Exit)	
35,000	
1,200	
6,300	

Sidewalk Maintenance/Repairs	
18,000	
0	
19,690	

Engineering/Inspections	
50,000	
3,409	
8,390	

Street Signage	
5,000	
0	
0	

Lake Fountain Maintenance	
10,000	
0	
0	

Water & Sewage	
2,500	
0	
105	

FPL - Electrical Utility	
115,000	
9,901	
58,522	

Retention Wall Maintenance	
0	
27,790	
32,790	

Perimeter Wall (Off Old Cutler Road)	
15,000	
0	
0	

Lake Bank Erosion Restoration Project	
0	
0	
2,800	

Stormwater Drainage System Pipe Repairs Project-Phase 2	
175,000	
0	
0	

Entry Features Maintenance/Reserve	
7,000	
0	
0	

Guardhouse Exterior Maintenance/Reserve	
8,000	
0	
6,751	

Contingency/Reserve	
60,000	
0	
0	

Roads Maintenance/Reserve	
90,000	
0	
5,335	

Stormwater Drainage/Reserve	
58,000	
0	
0	

TOTAL MAINTENANCE EXPENDITURES	
$	680,500	
$	45,707	
$	153,589	

Cutler Cay Community Development District
Budget vs. Actual
October 2025 through March 2026

	Oct 25- March 26		25/26 Budget		$ Over Budget		% of Budget	
Ordinary Income/Expense								
Income									
	363.100	ꞏ Administrative Assessments	106,109.01		119,701.00		-13,591.99		88.65%	
	363.101	ꞏ Maintenance Assessments	630,248.62		720,106.00		-89,857.38		87.52%	
	363.810	ꞏ Debt Assessments	676,546.86		773,141.00		-96,594.14		87.51%	
	363.820	ꞏ Debt Assessment - Pd To Trustee	-644,144.28		-726,753.00		82,608.72		88.63%	
	363.830	ꞏ Cty Appraiser & Tax Coll Fee	-13,635.62		-30,859.00		17,223.38		44.19%	
	363.831	ꞏ Discounts For Early Payments	-53,968.32		-61,718.00		7,749.68		87.44%	
	369.401	ꞏ Interest Income	1,207.38		2,400.00		-1,192.62		50.31%	
Total Income	702,363.65		796,018.00		-93,654.35		88.24%	
Expense									
	512.829	ꞏ Perim. Wall (Off Old Cutler Rd)	0.00		15,000.00		-15,000.00		0.0%	
	512.827	ꞏ Traffic Enforcement	3,042.00		10,000.00		-6,958.00		30.42%	
	511.758	ꞏ FPL - Electrical	58,522.49		115,000.00		-56,477.51		50.89%	
	511.756	ꞏ Water & Sewage	104.66		2,500.00		-2,395.34		4.19%	
	511.752	ꞏ Fountain Maintenance	0.00		10,000.00		-10,000.00		0.0%	
	511.751	ꞏ Street Signage	0.00		5,000.00		-5,000.00		0.0%	
	511.307	ꞏ Sidewalk Maint/ Repairs	19,690.00		18,000.00		1,690.00		109.39%	
	511.122	ꞏ Payroll tax expenses	290.70		560.00		-269.30		51.91%	
	511.131	ꞏ Supervisor Fee	3,800.00		7,000.00		-3,200.00		54.29%	
	511.301	ꞏ Lakes Maintenance	3,864.00		10,000.00		-6,136.00		38.64%	
	511.304	ꞏ Field Operations	6,000.00		12,000.00		-6,000.00		50.0%	
	511.825	ꞏ Retention Wall Repairs	32,789.50		0.00		32,789.50		100.0%	
	511.306	ꞏ Water Feat. Maint. S Enter/Exit	6,300.00		35,000.00		-28,700.00		18.0%	
	511.310	ꞏ Engineering/Inspections	8,390.24		50,000.00		-41,609.76		16.78%	
	512.823	ꞏ Lake Bank Erosion Rest Project	2,800.00		0.00		2,800.00		100.0%	
	512.824	ꞏ Stormwater Pipe Project-Phase 2	0.00		175,000.00		-175,000.00		0.0%	
	511.754 ꞏ Guardhouse Ext Maintenance/Reserve	6,751.16		8,000.00		-1,248.84		84.39%	
	511.753	ꞏ Entry Feature Maintenance/Reserve	0.00		7,000.00		-7,000.00		0.0%	
	511.305	ꞏ Contingency/Reserve	0.00		60,000.00		-60,000.00		0.0%	
	511.302	ꞏ Roads Maintenance/Reserve	5,335.00		90,000.00		-84,665.00		5.93%	
	511.303	ꞏ Stormwater Drainage/Reserve	0.00		58,000.00		-58,000.00		0.0%	
	511.311	ꞏ Management Fees	17,154.00		34,308.00		-17,154.00		50.0%	
	511.312	ꞏ Secretarial Fees	2,100.00		4,200.00		-2,100.00		50.0%	
	511.315	ꞏ Legal Fees	8,257.50		25,000.00		-16,742.50		33.03%	
	511.318	ꞏ Assessment/Tax Roll	0.00		7,500.00		-7,500.00		0.0%	
	511.320	ꞏ Audit Fees	0.00		3,600.00		-3,600.00		0.0%	
	511.450	ꞏ Insurance	14,186.00		15,000.00		-814.00		94.57%	
	511.480	ꞏ Legal Advertisements	2,566.16		5,000.00		-2,433.84		51.32%	
	511.512	ꞏ Miscellaneous	1,503.80		4,250.00		-2,746.20		35.38%	
	511.513	ꞏ Postage and Delivery	320.14		1,000.00		-679.86		32.01%	
	511.514	ꞏ Office Supplies	702.70		1,375.00		-672.30		51.11%	
	511.540	ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
	511.733	ꞏ Trustee Fees	0.00		4,200.00		-4,200.00		0.0%	
	511.734	ꞏ Continuing Disclosure Fee	4,246.25		350.00		3,896.25		1,213.21%	
	511.750	ꞏ Website Management	999.96		2,000.00		-1,000.04		50.0%	
Total Expense	209,891.26		796,018.00		-586,126.74		26.37%	
Net Ordinary Income	492,472.39		0.00		492,472.39		100.0%	
Net Income			492,472.39		0.00		492,472.39		100.0%	

CUTLER CAY CDD TAX COLLECTIONS 2025-2026

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

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 - Bond Assessment Income (Before Discounts & Fees)	Admin Assessment Income (After Discounts & Fees)	Maint Assessment Income (After Discounts & Fees)	Debt - Bond Assessment Income (After Discounts & Fees)	

Debt - Bond Assessment Paid to Trustee	
									$	1,612,959	$	119,705	$	720,110	$	773,144	$  119,705	$  720,110	$	773,144		
									$	1,522,771	$	115,518	$	680,500	$	726,753	$  115,518	$  680,500	$	726,753	$	726,753	
1	1	Miami-Dade Tax Collector	12/05/25	NAV Taxes	$	929,396.23		$  (8,922.28)	$ (37,168.92)	$  883,305.03	$  68,961.20	$  414,975.42	$ 445,459.61	$ 65,541.23	$ 394,395.70	$  423,368.10	$  423,368.10	
2	2	Miami-Dade Tax Collector	11/12/25	NAV Taxes	$	9,467.13		$	(90.89)	$	(378.69)	$	8,997.55	$	702.46	$	4,227.07	$	4,537.60	$	667.62	$  4,017.40	$	4,312.53	$	4,312.53	
3	3	Miami-Dade Tax Collector	11/28/25	NAV Taxes	$	128,757.66		$  (1,236.35)	$ (5,122.70)	$  122,398.61	$  9,553.81	$	57,490.30	$  61,713.55	$  9,082.03	$ 54,650.98	$	58,665.60	$	58,665.60	
4	4	Miami-Dade Tax Collector	12/24/25	NAV Taxes	$	81,760.05		$	(788.37)	$ (2,919.58)	$	78,052.10	$  6,066.60	$	36,505.86	$  39,187.59	$  5,791.47	$ 34,850.26	$	37,410.37	$	37,410.37	
5	5	Miami-Dade Tax Collector	11/17/25	NAV Taxes	$	89,743.01		$	(861.54)	$ (3,589.75)	$	85,291.72	$  6,658.94	$	40,070.25	$  43,013.82	$  6,328.66	$ 38,082.75	$	40,880.31	$	40,880.31	
6	6	Miami-Dade Tax Collector	11/25/25	NAV Taxes	$	30,878.20		$	(293.92)	$ (1,485.29)	$	29,098.99	$  2,291.16	$	13,787.12	$  14,799.92	$  2,159.15	$ 12,992.70	$	13,947.14	$	13,947.14	
7	7	Miami-Dade Tax Collector	01/09/26	NAV Taxes	$	82,036.97		$	(796.01)	$ (2,438.00)	$	78,802.96	$  6,087.12	$	36,629.50	$  39,320.35	$  5,847.06	$ 35,185.55	$	37,770.35	$	37,770.35	
8	8	Miami-Dade Tax Collector	02/28/26	NAV Taxes	$	28,864.45		$	(342.88)	$	(577.29)	$	27,944.28	$  2,141.74	$	12,887.98	$  13,834.73	$  2,073.47	$ 12,477.12	$	13,393.69	$	13,393.69	
9	Int. - 1	Miami-Dade Tax Collector	01/26/26	Interest		$ 1,373.43			$	1,373.43	$  1,373.43			$  1,373.43			$	-	
10	9	Miami-Dade Tax Collector	03/11/26	NAV Taxes	$	30,627.36		$	(303.38)	$	(288.10)	$	30,035.88	$  2,272.55	$	13,675.12	$  14,679.69	$  2,228.67	$ 13,411.02	$	14,396.19	$	14,396.19	
11									$	-							$	-	
12									$	-							$	-	
13									$	-							$	-	
14									$	-							$	-	
15									$	-							$	-	
16									$	-							$	-	
17									$	-							$	-	
18									$	-							$	-	
					$	1,411,531.06	$ 1,373.43	$  (13,635.62)	$ (53,968.32)	$ 1,345,300.55	$ 106,109.01	$  630,248.62	$ 676,546.86	$ 101,092.79	$ 600,063.48	$  644,144.28	$  644,144.28	

Note: Top line are 2025/2026 budgeted assessments before discounts and fees.
	Collections		Bottom line are 2025/2026 budgeted assessments after discounts and fees.

Admin:	$119,705.20	87.51%
Maint:	$720,109.80
Debt-Bond:	$773,143.64

Total  $1,612,958.64

$ 1,412,904.49

$ 1,345,300.55

$ (630,248.62)
$ (106,109.01)

$  (600,063.48)
$  (101,092.79)

$ (676,546.86)	$  (644,144.28)
$	-	$	-