Los Cayos Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	82,633	
Maintenance Assessments	15,662	
Debt Assessments	380,894	
Developer Contribution	71,677	
Developer Contribution - Import Fill Material	0	
Interest Income	600	
TOTAL REVENUES	$	551,466	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	34,000	
Legal	12,500	
Assessment Roll	6,000	
Audit Fees	4,500	
Arbitrage Rebate Fee	650	
Insurance	6,250	
Legal Advertisements	3,000	
Miscellaneous	500	
Postage	200	
Office Supplies	500	
Dues & Subscriptions	175	
Website Management	2,500	
Trustee Fees	4,000	
Continuing Disclosure Fee	1,000	
Dissemination Services	2,500	
Total Administrative Expenditures	$	78,275	
		
Maintenance Expenditures		
Engineering/Inspections	8,000	
Miscellaneous Maintenance	3,000	
Environmental Inspections	10,000	
Stormwater Management	16,000	
Storm Drainage/Class V Permit	3,500	
Field Operations	3,000	
Entry Road Maintenance	1,300	
Water Feature Maintenance	8,000	
Landscape Maintenance	16,000	
Monuments Maintenance	2,000	
Street Lighting	3,600	
Sidewalks	1,500	
Power Utility	5,500	
Water & Sewage/Potable Water	5,000	
Import Fill Material	0	
Total Maintenance Expenditures	$	86,400	
		
TOTAL EXPENDITURES	$	164,675	
		
REVENUES LESS EXPENDITURES	$	386,791	
		
Bond Payments	(358,040)	
		
BALANCE	$	28,751	
		
County Appraiser & Tax Collector Fee	(9,584)	
Discounts For Early Payments	(19,167)	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	
Administrative Assessments	0	98,297	82,633	Expenditures Less Interest/.94	
Maintenance Assessments	0	0	15,662	Expenditures Less Developer Contribution/.94	
Debt Assessments	0	380,894	380,894	Bond Payments/.94	
Developer Contribution	59,688	0	71,677	Will Keep Assessments At Prior Amount	
Developer Contribution - Import Fill Material	792,119	0	0		
Interest Income	41,859	375	600	Projected At $50 Per Month	
TOTAL REVENUES	$	893,666	$	479,566	$	551,466		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	39,000	34,000	34,000	$2,833.33 X 12 Months	
Legal	18,113	11,500	12,500	$1,000 Increase From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	No Change From 2024/2025 Budget	
Audit Fees	3,400	4,500	4,500	Will Increase Due To Bond Issue	
Arbitrage Rebate Fee	0	650	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	5,000	6,250	6,250	Insurance Estimate	
Legal Advertisements	4,872	3,000	3,000	No Change From 2024/2025 Budget	
Miscellaneous	269	500	500	No Change From 2024/2025 Budget	
Postage	365	200	200	No Change From 2024/2025 Budget	
Office Supplies	503	500	500	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management	2,500	2,500	2,500	$208.33 X 12 Months	
Trustee Fees	0	4,000	4,000	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2024/2025 Budget	
Dissemination Services	0	2,500	2,500	Required By Bond Underwriter	
Total Administrative Expenditures	$	80,197	$	77,275	$	78,275		
					
Maintenance Expenditures					
Engineering/Inspections	7,619	3,000	8,000	$5,000 Increase From 2024/2025 Budget	
Miscellaneous Maintenance	0	1,000	3,000	$2,000 Increase From 2024/2025 Budget	
Environmental Inspections	0	10,000	10,000	Environmental Inspections	
Stormwater Management	0	1,500	16,000	Stormwater Management	
Storm Drainage/Class V Permit	0	0	3,500	Stormwater Drainage System Requirement	
Field Operations	0	0	3,000	$250 X 12 Months	
Entry Road Maintenance	0	0	1,300	Entry Road Maintenance	
Water Feature Maintenance	0	0	8,000	Weekly 4 Pools Clean, Backwash, Water Test, Etc.	
Landscape Maintenance	0	0	16,000	Landscape Bi-Weekly mow, trim, mulch, fertilization, pesticides, irrigation monthly wet tests and maintenance	
Monuments Maintenance	0	0	2,000	Monuments Maintenance	
Street Lighting	0	0	3,600	Monthly Maintenance Of 6 Poles Including Electricity	
Sidewalks	0	0	1,500	Maintenance & Pressure Cleaning	
Power Utility	0	0	5,500	Water Features, Monuments & Irrigation	
Water & Sewage/Potable Water	0	0	5,000	Potable Water Usage To Be Paid To The Association	
Import Fill Material	1,790,831	0	0	Expenditure Was For 2022/2023 & 2023/2024	
Total Maintenance Expenditures	$  1,798,450	$	15,500	$	86,400		
					
TOTAL EXPENDITURES	$  1,878,647	$	92,775	$	164,675		
					
REVENUES LESS EXPENDITURES	$	(984,981)	$	386,791	$	386,791		
					
Bond Payments	0	(358,040)	(358,040)	2026 Principal & Interest Payments	
					
BALANCE	$	(984,981)	$	28,751	$	28,751		
					
County Appraiser & Tax Collector Fee	0	(9,584)	(9,584)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	(19,167)	(19,167)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(984,981)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

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

COMMENTS	

Interest Income	
5,465	
100	
100	
Projected Interest For 2025/2026	

NAV Tax Collection	
0	
358,040	
358,040	
Maximum Debt Service Collection	

Bond Proceeds	
251,302	
0	
0		

Total Revenues	
$	256,767	
$	358,140	
$	358,140		

EXPENDITURES					

Principal Payments	
0	
80,000	
80,000	
Principal Payment Due In 2026	

Interest Payments	
72,282	
277,140	
274,520	
Interest Payment Due In 2026	

Bond Redemption	
0	
1,000	
3,620	
Estimated Excess Debt Collections	

Total Expenditures	
$	72,282	
$	358,140	
$	358,140		

Excess/ (Shortfall)	
$	184,485	
$	-	
$	-		

Notes
Capitalized Interest Set-Up Through June 2024
December 2024 Interest Payment ($139,900) Was Developer Funded

Series 2024 Bond Information

Original Par Amount =	$5,275,000	Annual Principal Payments Due =	June 15th	
Interest Rate =	4.40% - 5.55%	Annual Interest Payments Due =	June 15th & December 15th	
Issue Date =	March 2024			
Maturity Date =	June 2054			

Par Amount As Of 1/1/25 =  $5,275,000

Los Cayos Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year
2023/2024	2024/2025	2025/2026
	Assessment*	 	Assessment*	   Projected Assessment*	

Admin Assessment For Townhomes	$ Maint Assessment For Townhomes	$

-	$	425.53	$
-	$	-	$

357.72
67.81

Debt Assessment For Townhomes

$	-		$	1,649.00

$	1,649.00

Total For Townhomes

$	-	$

2,074.53	$

2,074.53

* Assessments Include the Following :
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:
Townhomes	231

O&M Covenant = 400.00 400.00/.94 = 425.53
Can Exceed In 25/26

IV