Cutler Cay
Community Development District

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

CONTENTS

I

PROPOSED BUDGET

II

PROPOSED MAINTENANCE BUDGET

III

DETAILED PROPOSED BUDGET

IV

DETAILED PROPOSED MAINTENANCE BUDGET

V

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

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

I

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

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)

$	-

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

II

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

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

III

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

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

$	-

$	-

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

IV

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

Series 2021 Bond Refunding Information

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

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

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$5,825,000

V

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

$	-

$	-

Cutler Cay Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment Before Discount*

Fiscal Year 2024/2025
Assessment Before Discount*

Fiscal Year 2025/2026
Assessment Before Discount*

Fiscal Year 2026/2027
Projected Assessment Before Discount*

Lot Size

60

Administrative Maintenance - Operating Restoration Project Loan
Debt - 2004 Bond/2014 Refunding/2021 Refunding
Sub-Total For Lot Size 60

$
$
$

202.10
1,470.45
295.82

$
$
$

221.35
1,428.05
-

$
$
$

237.04
1,425.96
-

$
$
$

243.29
1,419.67
-

 $	1,472.84

 $	1,472.84

 $	1,472.84

 $	1,472.84

$

3,441.21

$

3,122.24

$

3,135.84

$

3,135.80

75

Administrative
Maintenance - Operating Restoration Project Loan
Debt - 2004 Bond/2014 Refunding/2021 Refunding
Sub-Total For Lot Size 75

$
$
$

202.10
1,470.45
295.82

$
$
$

221.35
1,428.05
-

$
$
$

237.04
1,425.96
-

$
$
$

243.29
1,419.67
-

 $	1,532.45

 $	1,532.45

 $	1,532.45

 $	1,532.45

$

3,500.82

$

3,181.85

$

3,195.45

$

3,195.41

125

Administrative Maintenance - Operating Restoration Project Loan
Debt - 2004 Bond/2014 Refunding/2021 Refunding
Sub-Total For Lot Size 125

$
$
$

202.10
1,470.45
295.82

$
$
$

221.35
1,428.05
-

$
$
$

237.04
1,425.96
-

$
$
$

243.29
1,419.67
-

 $	1,704.37

 $	1,704.37

 $	1,704.37

 $	1,704.37

$

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 Seventy Five Foot Lots
One Hundred Twenty Five Foot Lots Total Units

180
258
67
505

 Seventy Five Foot Lots Information	

Total Units Prepayments Billed For Debt

258
1
257

VI