CUTLER CAY COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING MAY 11, 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 May 11, 2026
6:00 p.m.

Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public
Approval of Minutes
April 13, 2026 Regular Board Meeting Minutes	Page 3
New Business
Consider Resolution No. 2026-01 – Approving a Proposed Budget for FY 2026/2027	Page 13
Professional Engineer Review of RFQ Engineer Response Submittals, Ranking and Selection
(This information is Posted on the District Website at https://cutlercaycdd.org/documents/)
Ratification & Approvals (Actions to be taken collectively via one [1] Motion)
Felix Clean Stop Sign Adjustment	Page 22
KJC Fumigation Beehive Removal	Page 24
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
Raptor “Tract C” Pipe Cleaning & CCTV
Management Report/Updates
Traffic Enforcement Services
Felix Clean Southern Water Feature and Wall Repair
Felix Clean Entry Feature Pressure Cleaning and Repairs
Administrative Matters
Financial Update	Page 25
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
APRIL 13, 2026

CALL TO ORDER

Mrs. Perez called to order April 13, 2026, Regular Board Meeting of the Cutler Cay Community Development District (the “District”) at 6:00 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 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 and Supervisors Leo Corradini, Albert Collazo and Aileen Milian (via phone) were present.
Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.; District Counsel Liza Smoker of Billing Cochran, P.A.; and District Engineer Angel Camacho of Alvarez Engineers, Inc.

Also present were several members of the public.

ADDITIONS AND/OR DELETIONS TO THE AGENDA

There were no additions and/or deletions to the agenda.

COMMENTS FROM THE PUBLIC

There were no comments from the public at this time.

APPROVAL OF MINUTES
March 9, 2026, Regular Board Meeting

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

A MOTION was made by Supervisor Collazo, seconded by Supervisor Milian and passed unanimously approving the minutes of the March 9, 2026, Regular Board Meeting, amended to reflect Ms. Smoker’s firm’s name of Billing Cochran, P.A.

NEW BUSINESS
Consider Raptor Vac Proposal for “Tract C” Pipe Cleaning CCTV

A MOTION was made by Supervisor Corradini, seconded by Supervisor Collazo and passed unanimously approving the Raptor Vac proposal dated April 5, 2026, in the amount of $2,199.50 for the “Tract C” pipe cleaning CCTV, as presented.

Supervisor Dr. Alexandra Penn Williams arrived at approximately 6:03 p.m.

Consider Davis Environmental Proposal for Retention Wall – Mangrove & Vegetation Maintenance Services at Tracts A, U, P and G

As stated in the presented proposal.

“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.”

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

Mrs. Perez asked if Counsel could add language for the Contractor to agree to maintaining the permit as active and to notify the District in a timely manner for the renewal process of the extension of same.

A MOTION was made by Supervisor Collazo, seconded by Supervisor Corradini and passed unanimously approving an Amendment to the Davis Environmental proposal for Retention Wall – Mangrove & Vegetation Maintenance Services at Tracts A, U, P and G to maintain the issued permit as active; further authorizing District Counsel to prepare the Amendment for electronic approval and for District management to execute same on behalf of the District.

RATIFICATIONS AND APPROVALS (Action to be taken collectively.)

There were no matters that required ratification and/or approval at the time.
OLD BUSINESS
Engineer Updates
Phase II Storm Drainage Project

The Board was advised that this was still under review by DERM with the last submittal being March 11, 2026. DERM was contacted today for an update.

Landshore Enterprises - Shoreline Restoration (Three Areas)

The Board was advised that this was currently under construction and the project was 70% completed.
Landshore Enterprises - Shoreflex Repair at 19049 SW 80th Court

This repair is pending completion of the Three Areas Project and the Board was provided with updates.

Headley Sidewalk Slab Replacement and Installation of Root Barrier

This matter is pending repair of corrections during last field review conducted on March 10, 2026, with Headley. The inspection conducted today did not meet the expectations of the District Engineer.

Discussion for Direction Regarding Miami-Dade County DERM Five-Year Stormwater Maintenance Certification

The Board was advised that once the maintenance vendor completes the cleaning of the stormwater system, all inspection reports and supporting documentation are reviewed. A licensed Professional Engineer will then evaluate the system and prepares, signs and seals the certification for submission to DERM. Mr. Camacho recommended that the newly engaged engineers perform this work to ensure continuity, accuracy, and compliance and provided a recommended estimate that a budget amount of
$5,000 be proposed for these engineering services.
Supervisor Fonte suggested that the existing engineering oversee the Phase II Project and/or provide consulting services for the District. Mr. Camacho stated that his firm would prefer not being involved after the transition to the new District Engineer had taken place.

Ms. Smoker was directed to add language to the agreements with Raptor and Davis Environmental that hold permits that are qualified by the contactors providing a specific timeframe for the change of the contractor, should the contract be terminated.

Management Report/Updates
Traffic Enforcement Services

In March, Police "Traffic Enforcement" Services were provided at randomly selected dates and times. Records show twenty-three (23) traffic stops and ten (10) tickets being issued, plus an unspecified number of verbal warnings.

Davis Environmental Initial Retention Wall Trimming Work – Everglades Mitigation Bank Phase 1

Pursuant to Permit No. 136876-159, Miami-Dade County, and the agreement between the District and FPL, certification was provided to the District for record purposes and reviewed by District Counsel.

Supervisor Fonte asked that District management request from Davis Environmental an estimate for future mitigation costs and budgeting for the anticipated maintenance.

Google Maps Directing Traffic to Resident Entrance

Mrs. Perez noted, pursuant to the Board’s direction, she was able to submit a request for correction to the proper Visitor Entrance for Cutler Cay Community Development District via the Google Maps application. She noted the appropriate visitor entrance was through the SW 78th Avenue Entrance (the north entrance) of Old Cutler Road located on the north side of the community and added that hazardous conditions were being created by the misinformation of directing traffic to the resident entrance located off Old Cutler Road at SW 80th Court (the south entrance) also known as the Resident Entrance.

After some research, it was determined that there was no representative that the District could reach and the proper course of action is to go through the Google Maps application.

Anyone, not just the District representative, can report this issue through Google Maps via the application. An email communication was sent to the Board Members and residents of the District to report the issue as well.

Here is a link on how to report via Google Maps:

is there a google maps representative in miami for community wrong entrance - Google Search

After completing this task, Mrs. Perez contacted Mrs. Gavilan, the Association Property Manager, and asked that she do the same on behalf of the Association. She agreed and added that she would also share the same information with the Association Board.
Raptor Vac Storm Drainage Cleaning
Raptor Vac completed the storm drainage cleaning during the second week of March. Field Ops inspected the completed work on Wednesday, April 1, 2026, and found that the work was completed pursuant to the agreement specifications.

Felix Clean Southern Water Feature and Wall Repair

The Felix Clean agreement was executed on April 3, 2026. Felix has confirmed that he has already ordered customized spouts and if available, as scheduled, he is expected to be able to begin repairs and installation of the same on April 16, 2026, weather permitting.

Felix Clean Entry Feature Pressure Cleaning and Repairs

The Felix Clean agreement was executed on April 3, 2026, and the anticipated start date is set for April 16, 2026, weather permitting.

Engineering RFQ

Mrs. Perez provided an update that one packet had been requested to date and the deadline for receipt was April 29, 2026, at 2:00 p.m., pursuant to the RFQ.

Mrs. Perez added that according to the Field Operations report during a scheduled inspection on Wednesday, April 1, 2026, the residence located 19454 SW 78th Avenue had construction materials on the driveway next to the storm drainage structure. The HOA and the Town of Cutler Bay were also notified. A letter was issued on behalf of the District on Thursday, April 2, 2026. Field Ops will keep following up on this matter.

WORKSHOP
Review and Discussion Draft FY 2026/2027 Proposed Budget

Mrs. Perez noted that in advance of today’s Workshop she had circulated to the Board a Summary of the Proposed Budget (attached hereto for record purposes).

Ms. Smoker recommended that the Board hold a “Budget Discussion” versus a “Workshop” so that directions and motions can be made during the process.

Mrs. Perez noted, pursuant to a conversation held with the engineering team, Juan Alvarez and Angel Camacho, today it was noted that the engineer had originally recommended an amount of $400,000 for the Engineer’s Report during the Bond process in order to address repairs and baffle replacements that are anticipated during the five (5) certification process, as this process will include cleaning and performing inspections of the pipes with CCTV cameras.

The Board reviewed the information and discussions ensued followed by:

A MOTION was made by Supervisor Penn Williams, seconded by Supervisor Fonte and passed unanimously approving the draft budget and directing District management to make one change, to wit: adding a line item to read “Storm Drain Grate Apron Maintenance/Reserve” and allocating zero funds and for the same to be presented as the FY 2026/2027 Proposed Budget during the upcoming Regular Board Meeting for consideration.

It was noted that the purpose of this line-item was for the Apron Maintenance and Replacement during the upcoming Road Re-Milling Project with zero cost this year as the cost is to be determined by the newly appointed District Engineer for the next Budget approval process.
ADMINISTRATIVE MATTERS
Financial Update

Mrs. Perez presented the financial statement through February 28, 2026, and indicated that available funds were $1,644,919.12.

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

Announce 2026 General Election and Candidate Qualifying Period

Mrs. Perez announced, pursuant to the Miami-Dade County Supervisor of Elections’ website, the 2026 General Election and Candidate Qualifying Period runs from noon, Monday, June 8, 2026, through noon, Friday, June 12, 2026.

AS	Seat 1 Leo Corradini	Expires 2026	
V-CHR	Seat 2 Omar Fonte	Expires 2026	
AS	Seat 5 Aileen Milian	Expires 2026	

2025 Form 1 - Statement of Financial Interests
Mrs. Perez advised that the completed 2025 Form 1 must be submitted prior to July 1, 2026, using the Electronic Filing System of the Florida Commission on Ethics, which can be accessed via a link at Login
- Electronic Financial Disclosure Management System floridaethics.gov. As previously noted, Board
Members are no longer permitted to file through their local Supervisor of Elections’ office.

BOARD MEMBER/STAFF COMMENTS/REQUESTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Supervisor Fonte, seconded by Supervisor Collazo and passed unanimously adjourning the meeting at 7:13 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairman/Vice Chair

Cutler Cay Community Development District FY 2026/2027 Draft Budget WORKSHOP BUDGET SUMMARY

The presented FY 2026/2027 Proposed Budget Draft is for Board Discussion Purposes only during the Budget Workshop to be held on Monday, April 13, 2026, and is not for Approval Consideration at this time. The Budget reflects good-faith estimates based on engineering recommendations, projected project costs, and known operating expenses. All line items remain subject to modifications at the Board’s direction.

Financial Overview
The Debt Service Assessment is at the Series 2021 maximum rate.
The Administrative Budget is slightly higher than last year.
The maintenance budget is lower than last year. Certain Budget amounts are allocated per the recommendation of the District engineer have been included.
No carryover balance has been applied to the presented Draft Budget.
Estimated available funds as of September 30, 2026 are anticipated to be approximately
$1,000,000 subject to unforeseen expenses.

Reserve Position (as of March 31, 2026)
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 as this is an active project.
These reserves support long-term capital planning and reduce the need for future assessment shock.

Major Budget Highlights & Descriptions
Contingency/Reserve 146,000 – Increased by 86k. Allocating funds for any unforeseen expenses, repairs and/or replacements and other miscellaneous infrastructure needs. Provides for a contingency fund to replace and/or repair District owned/maintained infrastructure or improvement and/or emergency projects. Inclusive for line items that the reserves are not yet large enough at this time. For example, if Road pavement is needed prior to the projected and anticipated start date.
Lakes Maintenance 10,000 – This covers Regular Maintenance of the Stormwater Retentions Ponds “the Lakes” that is conducted on monthly basis.
Roads Maintenance/Reserve 115,000 – Increased by 25k. Pursuant to the District Engineers recommendation. Supporting Routine Maintenance and long-term needs with the Sinking fund for Resurfacing and Markings anticipated to be completed within the next eight (8) years (maybe needed sooner). Noting the rising construction and material costs.
1

Cutler Cay Community Development District FY 2026/2027 Draft Budget WORKSHOP BUDGET SUMMARY

ESTIMATE OF COSTS FOR RESURFACING ROADS IN "n" YEARS	
Analysis and Annuity Recommendation		
Pavement Service Life (30 Years Estimated)	
Present Year	Remaining Service Life (Yrs)	Present Year Cost (PC) of Pavement Replacement (Mill and
Resurface 3/4" Thick)	Future Replacement Cost @ End of Service
Life* For 2.5% Inflation Rate (r)	Annual Interest Rate	Annuity to Finance (FC) in (n) Years given (i)	
From	To		(n)	Quantity (SY)	Unit Cost ($/SY)	(PC)-
$241K in
Reserve	FC= (PC)(1+r/100)^n	(i)	FCi/((1+i)^n-1)	
PAVEMENTS	
2006	2036	2025	11	76,450	$10.00	$523,500	$686,877	0.25%	$61,667	
PAVEMENT MARKINGS AND SIGNING	
2020	2030	2025	5	76,450	$2.50	$191,125	$216,240	0.25%	$43,032	

Stormwater Drainage Maintenance/Reserve 70,000 – Increased by 12k. Inclusive of regular yearly maintenance reflected in the chart below. Funds are also for the routine maintenance, repairs and/or replacement of pipes, baffles, etc. This amount may need to be increased in the future due to regulatory requirements including DERM 5-Year Certification. As well as rising construction and material costs.

5-YEAR CYCLE ESTIMATE OF YEARLY COSTS FOR SERVICING THE STORMWATER DRAINAGE	

Total No. Structures in CDD	
Total LF
Pipes	No. Structures with Pipes Serviced per Year	Avg. Cost/EA Structure. Assume 2.5%
Annual Inflation Rate (1)	Avg. Cost/LF Pipe. Assume 2.5%
Inflation
Rate (2)	
Total Budget Amount Per Year	
		
Year 1
(2025)	
Year 2
(2026)	
Year 3
(2027)	
Year 4
(2028)	
Year 5
(2029)				
325	18680	65					$230.00	$6.75	$40,200	
			65				$236.00	$6.92	$41,200	
				65			$242.00	$7.09	$42,300	
					65		$248.00	$7.27	$43,300	
						65	$254.00	$7.45	$44,400	
(1)	Includes the cost of vacuuming the sump of the drainage structure and the cost of removing and reinstalling the baffle if there are baffle, and if the baffle is in good condition.
(2) Includes the cost of pressure spraying and videoing the pipes and of dewatering with plugs at the end of the pipes when the pipes are submerged.
2

Cutler Cay Community Development District FY 2026/2027 Draft Budget WORKSHOP BUDGET SUMMARY

5-YEAR CYCLE ESTIMATE OF YEARLY COSTS FOR BAFFLE REPLACEMENTS	

Estimated Number of Baffles to be Replaced
(1)	No. Structures with Pipes Serviced per Year	Estimated Cost Per Baffle For 2.5% Inflation Rate	Total Budget Amount Per Year	
	Year 1
(FY 25-
26)	Year 2
(FY 26-
27)	Year 3
(FY 27-
28)	Year 3
(FY 28-
29)	Year 2
(FY 29-
30)			
69	14					$600	$8,400	
		14				$615	$8,700	
			14			$630	$8,900	
				14		$646	$9,100	
					13	$662	$8,700	
(1) The estimate assumes that 25% of the 176 baffles in the District will need replacement in the next five years.
Stormwater Drainage Repairs Project (Phase II) 25,000 – Amount reduced significantly by 150k. The amount allocated is per the District Engineers recommendation: due to DERM requests resulting in an increased scope of work and the District Board approved additional items. Should this project go over the estimated cost, the funds can be used from the existing Contingency/Reserve funds.
Field Operations 12,000 – Amount remains unchanged. Field Operations services rendered to the District. Field management services that SDS provides in the District; Includes but not limited to the coordination and communication with contractors for required maintenance and improvements, solicitation of bids/cost quotes, management of contracts, site visits and inspections.
Water Features Maintenance (Southern Entrance/Exit) 40,000 – Increased by 5k. Regular Maintenance and Repairs to the Southern Entrance/Exit Water Features this includes the water treatments and cleaning of the infrastructure, as well as the maintenance and repairs of the mechanical and structural components.
Sidewalk Maintenance/Repairs 20,000 – Increased by 2k. Pressure Cleaning, Repairs and Replacement of the sidewalks throughout the District common areas. We have observed that the maturing tree root systems are contributing to more damages that will be requiring more repairs and ultimately replacement of the slabs.
Engineering/Inspections 50,000 – Amount remains unchanged. This includes the District Engineers Services, Inspections, Attendance for Site and Board Meetings, Annual Reports, etc.
Street Signage 5,000 – Amount remains unchanged. Maintenance and/or replacement of Street Traffic Signage.
Lake Fountain Maintenance 10,000 – Amount remains unchanged. The allocated cost includes Regular maintenance that is conducted on quarterly basis and any necessary repairs.
Entry Features Maintenance 12,000 – Increased by 5k. This includes the maintenance of the entry monuments and structures located at the main entrance off of Old Cutler Road consisting of three (3) decorative structures [one on each sidewalk and one on the median] and two (2) monuments.
3

Cutler Cay Community Development District FY 2026/2027 Draft Budget WORKSHOP BUDGET SUMMARY

Guardhouse Exterior Maintenance/Reserve 10,000 – Increased by 2k. Amount allocated to maintain the guardhouse exterior and to reserve for future repairs/replacement such as structural improvements, roof replacement, A/C unit, etc.
Water & Sewage 2,500 – Amount remains unchanged. Guardhouse usage.
FPL - Electrical Utility 120,000 – Increased by 5k. Based off of last year’s usage. This included but is not limited to Street Lights, Water Features, Lake Fountain, Irrigation Pumps, Guardhouse, etc.
Retention Wall 10,000 –To maintain the required vegetation clearance for Tracts A, G, P & U that are owned by the District pursuant to the active permit under a maintenance program. Each parcel/unit owner is responsible for approximately two (2) to four (4) feet from the wall out into the wetland area and to maintain the Wall and decorative fence.
Perimeter Wall Maintenance/Reserve (off of Old Cutler Road) 10,000 – Reduced by 10K. Provides funds for the Regular maintenance and repairs of the wall the runs parallel to Old Culter Road.
Shoreline Restoration & Improvements Project – Zero funds have been allocated to this line item per the Boards Direction.
Pursuant to last year’s notes and based on the District Engineer’s suggestions “I think the Board may decide not to do additional work in FY 25-26 and observe the lake banks and record complaints (if any) and make a decision on FY 26-27 if additional restoration is necessary.”
Recommendation is for the District Engineer to establish formal monitoring criteria for the (complaints, erosion benchmarks, inspections and revisit the funding as the conditions change.

Prepared by Gloria Perez, District Manger For the Cutler Cay CDD, Board of Supervisors April 13, 2026

4

RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Cutler Cay Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2026/2027 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2026/2027 attached hereto as Exhibit “A” is approved and adopted.

Section 2.   A Public Hearing is hereby scheduled for July 13, 2026 at 6:00 p.m. in
The Cutler Cay Community Clubhouse, 7755 SW 192nd Street, Cutler Bay, Florida 33157, for the purpose of receiving public comments on the Proposed Fiscal Year 2026/2027 Budget.

PASSED, ADOPTED and EFFECTIVE this 11th day of May, 2026.

ATTEST:	CUTLER CAY
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Cutler Cay
Community Development District

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 4/30/26*	$	140,425.00	
Reserve For Roads Maintenance As Of 4/30/26	$	257,900.00	
Reserve For Stormwater Drainage As Of 4/30/26	$	122,800.00	
Reserve For Pipe Repairs Project As Of 4/30/26	$	208,000.00	
Reserve For Entry Features As Of 4/30/26	$	-	
Reserve For Guardhouse Exterior Maint As Of 4/30/26	$	-	
Total Reserves As Of 4/30/26	$	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	

Storm Drain Grate Apron Maintenance/Reserve	
0	

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 4/30/26*	$	140,425.00	
Reserve For Roads Maintenance As Of 4/30/26	$	257,900.00	
Reserve For Stormwater Drainage As Of 4/30/26	$	122,800.00	
Reserve For Pipe Repairs Project As Of 4/30/26	$	208,000.00	
Reserve For Entry Features As Of 4/30/26	$	-	
Reserve For Guardhouse Exterior Maint As Of 4/30/26	$	-	
Total Reserves As Of 4/30/26	$	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	

Storm Drain Grate Apron Maintenance/Reserve	
0	
0	
0	

Apron Maintenance And For Replacement During The Road Re-milling Project	

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

FELIX CLEAN SERVICES, LLC.
Office Phone: (786) 389-6522

Proposal/Contract

Customer & Address:	Cutler Cay Community Development District
Old Cutler RD & SW 195st TER Cutler Bay, FL

We hereby submit specifications and estimates for:

Adjust Traffic Sign that is Leaning.	$ 200.00

Parts and labor	---------------------------------------	$ 200.00	
7% Tax	---------------------------------------	N/A	
Grand total	---------------------------------------	$ 200.00	

ACCEPTANCE OF PROPOSAL
Name (and Title):	__________________________________________________

Signature:	__________________________________________________ Date:	 __________________________________________________

FELIX CLEAN SERVICES, LLC.:	__________________________________________________

Verbally APPROVED by Chair, Mr. Fonte, on 4-20-2026
COIs and all requested documentation are on file for this vendor.
Ronald Galvis
Field Operations Manager Cutler Cay CDD

Before:	After:

Verbally Approved by Chair, Mr. Fonte on 4-22-2026
Requested COIs must be provided.
Ronald Galvis
Field Ops. Manager

Page 24

Cutler Cay Community Development District

Financial Report For April 2026

CUTLER CAY COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
APRIL 2026

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

Actual Apr-26	Year To Date Actual
10/1/25 - 4/30/26	
Administrative Assessments	119,701	0	106,109	
Maintenance Assessments	720,106	0	630,249	
Debt Assessments - 2021 Refunding	773,141	0	676,547	
Other Revenue	0	0	0	
Interest Income	2,400	0	2,263	
Total Revenues	$	1,615,348	$	-	$	1,415,168	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	7,000	1,000	4,800	
Payroll Taxes (Employer)	560	77	367	
Management	34,308	2,859	20,013	
Secretarial	4,200	350	2,450	
Legal	25,000	0	10,532	
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	5,100	
Miscellaneous	4,250	124	2,047	
Postage	1,000	37	357	
Office Supplies	1,375	199	902	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,200	0	4,246	
Continuing Disclosure Fee	350	0	0	
Website Management	2,000	167	1,167	
TOTAL ADMINISTRATIVE EXPENDITURES	$	115,518	$	4,813	$	66,342	
				
TOTAL MAINTENANCE EXPENDITURES (Details On Page 2)	$	680,500	$	13,475	$	167,065	
				
Total Expenditures	$	796,018	$	18,288	$	233,407	
				
Revenues Less Expenditures	$	819,330	$	(18,288)	$	1,181,761	
				
2021 Bond Refinancing Payments	(726,753)	0	(644,144)	
				
Balance	$	92,577	$	(18,288)	$	537,617	
				
County Appraiser & Tax Collector Fee	(30,859)	0	(13,636)	
Discounts For Early Payments	(61,718)	0	(53,968)	
				
Excess/ (Shortfall)	$	-	$	(18,288)	$	470,013	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(18,288)	$	470,013	

Bank Balance As Of 4/30/26	$	2,333,282.81	
Accounts Payable As Of 4/30/26	$	22,071.20	
Accounts Receivable As Of 4/30/26	$	1,200.00	
Reserve For Project/Lake Bank Erosion As Of 4/30/26	$	140,425.00	
Reserve For Roads Maintenance As Of 4/30/26	$	257,900.00	
Reserve For Stormwater Drainage As Of 4/30/26	$	122,800.00	
Reserve For Pipe Repairs Project As Of 4/30/26	$	208,000.00	
Reserve For Entry Features As Of 4/30/26	$	-	
Reserve For Guardhouse Exterior Maintenance As Of 4/30/26	$	-	
Available Funds As Of 4/30/26	$	1,583,286.61	

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

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

MAINTENANCE EXPENDITURES	

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

Actual Apr-26	
Year To Date Actual
10/1/25 - 4/30/26	

Lakes Maintenance	
10,000	
619	
4,483	

Field Operations	
12,000	
1,000	
7,000	

Traffic Enforcement	
10,000	
0	
3,042	

Water Features Maintenance (Southern Entrance/Exit)	
35,000	
1,200	
7,500	

Sidewalk Maintenance/Repairs	
18,000	
0	
19,690	

Engineering/Inspections	
50,000	
888	
9,278	

Street Signage	
5,000	
0	
0	

Lake Fountain Maintenance	
10,000	
0	
0	

Water & Sewage	
2,500	
0	
105	

FPL - Electrical Utility	
115,000	
9,768	
68,291	

Retention Wall Maintenance	
0	
0	
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	
$	13,475	
$	167,065	

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

Oct 25- April 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	2,263.48		2,400.00		-136.52		94.31%	
Total Income		703,419.75		796,018.00		-92,598.25		88.37%	
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	68,290.66		115,000.00		-46,709.34		59.38%	
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	367.20		560.00		-192.80		65.57%	
511.131	ꞏ Supervisor Fee	4,800.00		7,000.00		-2,200.00		68.57%	
511.301	ꞏ Lakes Maintenance	4,483.00		10,000.00		-5,517.00		44.83%	
511.304	ꞏ Field Operations	7,000.00		12,000.00		-5,000.00		58.33%	
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	7,500.00		35,000.00		-27,500.00		21.43%	
511.310	ꞏ Engineering/Inspections	9,277.79		50,000.00		-40,722.21		18.56%	
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	20,013.00		34,308.00		-14,295.00		58.33%	
511.312	ꞏ Secretarial Fees	2,450.00		4,200.00		-1,750.00		58.33%	
511.315	ꞏ Legal Fees	10,532.50		25,000.00		-14,467.50		42.13%	
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	5,100.04		5,000.00		100.04		102.0%	
511.512	ꞏ Miscellaneous	2,047.02		4,250.00		-2,202.98		48.17%	
511.513	ꞏ Postage and Delivery	357.56		1,000.00		-642.44		35.76%	
511.514	ꞏ Office Supplies	902.05		1,375.00		-472.95		65.6%	
511.540	ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733	ꞏ Trustee Fees	4,246.25		4,200.00		46.25		101.1%	
511.734	ꞏ Continuing Disclosure Fee	0.00		350.00		-350.00		0.0%	
511.750	ꞏ Website Management	1,166.62		2,000.00		-833.38		58.33%	
Total Expense	233,407.01		796,018.00		-562,610.99		29.32%	
Net Ordinary Income	470,012.74		0.00		470,012.74		100.0%	
Net Income	470,012.74		0.00		470,012.74		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)
$	-	$	-