LOS CAYOS COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY Regular Board Meeting & Public
Hearing May 21, 2025
9:45 A.M.

Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, FL 33410
www.loscayoscdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT
Lennar Homes, LLC 5505 Blue Lagoon Drive Miami, Fl 33126
REGULAR BOARD MEETING & PUBLIC HEARING
May 21, 2025
9:45 A.M.
Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 19, 2025 Regular Board Meeting Minutes	Page 2
Old Business
Public Hearing
Proof of Publication	Page 6
Receive Public Comments on Fiscal Year 2025/2026 Final Budget
Consider Resolution No. 2025-03 – Adopting a Fiscal Year 2025/2026 Final Budget	Page 7
New Business
Consider Resolution No. 2025-04 – Adopting a Fiscal Year 2025/2026 Meeting Schedule…	Page 14
Administrative & Operational Matters
Financial Report…	Page 16
Announce Landowners Meeting – November 4, 2025
Reminder of Statement of Financial Interests Disclosure 2024 Form 1, Filing Deadline: July 1, 2025
Board Members & Staff Closing Comments
Adjourn

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
142431	596095	Print Legal Ad-IPL01960510 - IPL0196051		$764.59	2	51 L	

Attention:

Los Cayos

PUBLISHED DAILY

Los Cayos Community Development District 2501A Burns Road
Palm Beach Gardens, Florida 33410 LArcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 1 insertion(s) published on:
09/30/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 30th day of September in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 19, 2025

CALL TO ORDER

The March 19, 2025, Regular Board Meeting of the Los Cayos Community Development District (the “District”) was called to order at 10:13 a.m. in the offices of Lennar Homes, LLC located at 5505 Blue Lagoon Drive, Miami, Florida 33126.

PROOF OF PUBLICATION

Proof of publication was presented which showed that notice of the Regular Board Meeting had been published in Miami Herald on September 30, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mrs. Perez determined that the presence of the following Board Members constituted a quorum and all was in order to proceed with the meeting: Chairperson Teresa Baluja, Vice Chairperson Vanessa Perez and Supervisor Raisa Krause.

Also in attendance were District Manager Gloria Perez of Special District Services, Inc., and District Counsel Michael Pawelczyk of Billing Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO AGENDA
There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
October 16, 2024, Regular Board Meeting

A MOTION was made by Supervisor Perez, seconded by Supervisor Baluja and passed unanimously approving the minutes of the October 16, 2024, Regular Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Stormwater Management System Legal Requirements Update Memorandum

Mr. Pawelczyk provided an overview of the memorandum.

Page 1 of 4

Consider Resolution No. 2025-01 – Adopting a Proposed Fiscal Year 2025/2026 Annual Budget and Setting a Public Hearing for Final Adoption

Mrs. Perez presented Resolution No. 2025-01, entitled:

RESOLUTION 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW AND PROVIDING AN EFFECTIVE DATE.

The Debt Service Assessment is the same (maximum) as last year. The Administrative Budget is higher than last year. Numerous Maintenance line items have been added, as per the engineer’s confirmation and recommendation.

The estimated available funds projected for 9-30-25 are approximately $30,000, should no unforeseen expenses occur. This is in addition to the Import Fill Funds balance of $644,236. No carryover balance has been issued to the Budget Options ($0 was set-up last year).

Two Proposal Options have been presented: Option 1 is inclusive of Maintenance Costs and Option 2 has a Lower Maintenance Cost.

Due to the infrastructure that is and/or will be the District’s to own in addition to the environmental requirements and engineering inspections pursuant to the covenant that was not originally anticipated at the time the cap was created, making it impossible to lower the budget any further.

Option 2 has removed the line items as requested that would need to be maintained and funded under a maintenance service agreement between the District and the Association.

If the Board chooses to proceed with Option 2, District Counsel can prepare a maintenance agreement for Board consideration, thereby passing the maintenance responsibilities on the following new line items to the Association, consisting of:

Entry Road Maintenance
Water Feature Maintenance - Weekly 4 Pools Cleaned, Backwash, Water Test, etc.
Landscape Maintenance - Bi-Weekly mow, tree & palm trimming, mulch, fertilization, pesticides, etc. Irrigation - Monthly wet tests and regular maintenance.
Monuments Maintenance – Maintenance & pressure cleaning.
Street Lighting - Monthly Maintenance of six (6) Poles Including Electricity Cost Sidewalks - Maintenance & Pressure Cleaning
Power Utility - Water Features, Monuments & Irrigation
Water & Sewage/Potable Water Usage – for Irrigation and Water Features Fence Maintenance
A discussion ensued. The Board indicated that they would select Option 1 thereby leaving all of the District infrastructure under the maintenance responsibility of the District and would provide a Developer contribution from the Fill Funds balance to keep the budget within the current assessment

Page 2 of 4

balance and for no increase to be issued for the fiscal year 2025/2026 budget. Notices to landowners would not be required.

A MOTION was made by Supervisor Krause, seconded by Supervisor Baluja unanimously passed adopting Resolution No. 2025-01, as presented, approving Proposed Budget Option 1 for FY 2025/2026 and setting the Public Hearing for Wednesday, May 21, 2025 at 9:45 a.m., in the offices of Lennar Homes, LLC located at 5505 Waterford District Drive, Miami, Florida 33126 and further authorizing the publication of the notice, as required by law.

Consider Resolution No. 2025-02 – Registered Agent Change

Resolution No. 2025-02 was presented, entitled:

RESOLUTION 2025-02

A RESOLUTION OF THE LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT DESIGNATING MICHAEL J. PAWELCZYK AS THE DISTRICT’S REGISTERED AGENT AND DESIGNATING THE OFFICE OF BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A. AS THE REGISTERED OFFICE

Mr. Pawelczyk provided an overview of the Resolution for the Change of the District Register Agent.

A MOTION was made by Supervisor Perez, seconded by Supervisor Baluja and passed unanimously adopting Resolution No. 2025-02, as presented.

ADMINISTRATIVE & OPERATIONAL MATTERS
Financial Report

Mrs. Perez presented the financial statement through February, 2024, noting that available funds as of February 28, 2025, were $727,565.83.

A motion for ratification of the financials or any further questions was requested.

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

BOARD MEMBER & STAFF CLOSING COMMENTS

There were no further comments.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 10:30 a.m. on a MOTION made by Supervisor Baluja, seconded by Supervisor Perez and passed unanimously.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Cols	Depth	
142431	656987	Print Legal Ad-IPL02296960 - IPL0229696		2	35 L	

Attention:

Los Cayos

PUBLISHED DAILY

Los Cayos Community Development District 2501A Burns Road
Palm Beach Gardens, Florida 33410 LArcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared, Mary Castro, who on oath says that he/she is Custodian of Records of the The Miami Herald, a newspaper published in MIami Dade County, Florida, that the attached was published on the publicly accessible website of The Miami Herald or by print in the issues and dates listed below.

2 insertion(s) published on:
05/01/25, 05/08/25

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

Sworn to and subscribed before me this 8th day of May in the year of 2025

Notary Public in and for the state of South Carolina, residing in Beaufort County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

RESOLUTION NO. 2025-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2025/2026 FINAL BUDGET PURSUANT TO CHAPTER 190, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Los Cayos Community Development District (“District”) has prepared a Proposed Operating Fund Budget for Fiscal Year 2025/2026, and the Board is empowered to provide a funding source to operate the District and to impose special assessments upon the properties within the District, as required; and

WHEREAS, the District has held a duly advertised Public Hearing to receive public comments on the Proposed Operating Fund Budget, has considered and adopted the Fiscal Year 2025/2026 Operating Fund Budget; and is now authorized to levy non-ad valorem assessments upon the assessable properties within the District.

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

Section 1.  The Operating Fund Budget for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is accepted, approved and adopted.

Section 2.  The Secretary and/or Assistant Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 21st day of May, 2025.

ATTEST:	LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Los Cayos Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL 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 FINAL 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 FINAL 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

RESOLUTION NO. 2025-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR THE FISCAL YEAR 2025/2026 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Los Cayos Community Development District (the "District") to establish a regular meeting schedule for fiscal year 2025/2026; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2025/2026 which is attached hereto and made a part hereof as Exhibit “A”.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT, MIAMI-DADE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2025/2026 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 21st day of May, 2025.

ATTEST:	LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors (the “Board”) of the Los Cayos Community Development District (the “District”) will hold Regular Meetings at Lennar Homes, LLC located at 5505 Blue Lagoon Drive, Miami, Florida 33126 at 9:45 a.m. on the following dates:

October 15, 2025
November 4, 2025*
January 21, 2026
February 18, 2026
March 18, 2026
April 15, 2026
May 20, 2026
June 17, 2026
August 19, 2026
September 16, 2026

* Change from typical meeting date to comply with Statutory Requirement: 2nd LO must be held on Election Day

The purpose of the meetings is for the Board to consider any District business which may lawfully and properly come before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law for Community Development Districts. 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 and/or toll free at 1-877-737- 4922, prior to the date of the particular meeting.

From time to time one or two Board members may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Board members may be fully informed of the discussions taking place. Said meeting(s) may be continued as found necessary to a time and place specified 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 accommodations or an interpreter to participate at any of these meetings should contact the District Manager at 786-347-2711 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 with no advertised notice.

LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT

www.loscayoscdd.org

PUBLISH: MIAMI HERALD XX/XX/2025

Los Cayos Community Development District

Financial Report For April 2025

LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
APRIL 2025

REVENUES	
Annual Budget
10/1/24 - 9/30/25	

Actual Apr-25	Year To Date Actual
10/1/24 - 4/30/25	
O&M Assessments	98,297	425	92,846	
Developer Contribution	0	0	0	
Debt Assessments	380,894	1,649	357,833	
Other Revenue	0	0	0	
Interest Income	375	0	8,267	
Total Revenues	$	479,566	$	2,074	$	458,946	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	0	0	0	
Management	34,000	2,833	19,833	
Legal	11,500	0	6,940	
Assessment Roll	6,000	0	0	
Audit Fees	4,500	0	0	
Arbitrage Rebate Fee	650	0	0	
Insurance	6,250	0	5,200	
Legal Advertisements	3,000	0	0	
Miscellaneous	500	177	202	
Postage	200	58	76	
Office Supplies	500	63	129	
Dues & Subscriptions	175	0	175	
Website Management	2,500	208	1,458	
Trustee Fees	4,000	0	4,246	
Continuing Disclosure Fee	1,000	0	0	
Dissemination Services	2,500	0	2,500	
Total Administrative Expenditures	$	77,275	$	3,339	$	40,759	
				
Maintenance Expenditures				
Engineering/Inspections	3,000	0	4,018	
Miscellaneous Maintenance	1,000	0	0	
Environmental Inspections	10,000	0	0	
Stormwater Management	1,500	0	0	
Import Fill Material	0	0	0	
Total Maintenance Expenditures	$	15,500	$	-	$	4,018	
				
TOTAL EXPENDITURES	$	92,775	$	3,339	$	44,777	
				
REVENUES LESS EXPENDITURES	$	386,791	$	(1,265)	$	414,169	
				
Bond Payments	(358,040)	(1,633)	(340,199)	
				
BALANCE	$	28,751	$	(2,898)	$	73,970	
				
County Appraiser & Tax Collector Fee	(9,584)	(21)	(4,323)	
Discounts For Early Payments	(19,167)	0	(17,861)	
				
EXCESS/ (SHORTFALL)	$	-	$	(2,919)	$	51,786	

659,156.18

$

Fund Balance As Of 9/30/23

Import Fill Balance = $644,236.23 Less $71,677 Needed For 25/26 Carryover = $572,559.23

Bank Balance As Of 4/30/25	$	728,434.86	
Accounts Payable As Of 4/30/25	$	17,492.28	
Accounts Receivable As Of 4/30/25	$	-	
Available Funds As Of 4/30/25	$	710,942.58	
Import Fill Balance As Of 4/30/25	$	644,236.23	
Net Available Funds As Of 4/30/25	$	66,706.35	

Los Cayos Community Development District
Budget vs. Actual
October 2024 through April 2025

	Oct 24 - Apr 25		24/25 Budget		$ Over Budget		% of Budget	
Income									
01-3300	ꞏ O&M Assessments	92,846.34		98,297.00		-5,450.66		94.46%	
01-3810	ꞏ Debt Assessments	357,833.00		380,894.00		-23,061.00		93.95%	
01-3820	ꞏ Debt Assess-Paid To Trustee	-340,199.04		-358,040.00		17,840.96		95.02%	
01-3830	ꞏ Assessment Fees	-4,323.11		-9,584.00		5,260.89		45.11%	
01-3831	ꞏ Assessment Discounts	-17,861.46		-19,167.00		1,305.54		93.19%	
01-9410	ꞏ Interest Income (GF)	8,267.22		375.00		7,892.22		2,204.59%	
Total Income	96,562.95		92,775.00		3,787.95		104.08%	
Gross Profit		96,562.95		92,775.00		3,787.95		104.08%	
Expense									
01-1816	ꞏ Environmental Inspections	0.00		10,000.00		-10,000.00		0.0%	
01-1325	ꞏ Dissemination Services	0.00		2,500.00		-2,500.00		0.0%	
01-1316	ꞏ Website Fees	1,458.31		2,500.00		-1,041.69		58.33%	
01-1311	ꞏ Management Fees	19,833.31		34,000.00		-14,166.69		58.33%	
01-1315	ꞏ Legal Fees	6,940.00		11,500.00		-4,560.00		60.35%	
01-1318	ꞏ Assessment/Tax Roll	0.00		6,000.00		-6,000.00		0.0%	
01-1320	ꞏ Audit Fees	0.00		4,500.00		-4,500.00		0.0%	
01-1330	ꞏ Arbitrage Rebate Fee	0.00		650.00		-650.00		0.0%	
01-1450	ꞏ Insurance	5,200.00		6,250.00		-1,050.00		83.2%	
01-1480	ꞏ Legal Advertisements	0.00		3,000.00		-3,000.00		0.0%	
01-1512	ꞏ Miscellaneous	202.18		500.00		-297.82		40.44%	
01-1513	ꞏ Postage and Delivery	75.60		200.00		-124.40		37.8%	
01-1514	ꞏ Office Supplies	128.40		500.00		-371.60		25.68%	
01-1540	ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550	ꞏ Trustee Fees (GF)	4,246.25		4,000.00		246.25		106.16%	
01-1743	ꞏ Continuing Disclosure Fee	2,500.00		1,000.00		1,500.00		250.0%	
01-1805	ꞏ Stormwater Management (GF)	0.00		1,500.00		-1,500.00		0.0%	
01-1810	ꞏ Engineering / Inspections	4,017.50		3,000.00		1,017.50		133.92%	
01-1815	ꞏ Miscellaneous Maintenance	0.00		1,000.00		-1,000.00		0.0%	
Total Expense	44,776.55		92,775.00		-47,998.45		48.26%	
Net Income		51,786.40		0.00		51,786.40		100.0%	

LOS CAYOS CDD TAX COLLECTIONS 2024/2025

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Commissions Paid	

Discount	

Net From Tax Collector	O & M Assessment Income (Before Discounts & Fee)	Debt Assessment Income (Before Discounts & Fee)	O & M Assessment Income (After Discounts & Fee)	Debt Assessment Income (After Discounts & Fee)	

Debt Assessments Paid to Trustee	
									$479,216.00	$98,297.00	$	380,919.00	$98,297.00	$  380,919.00		
									$450,440.00	$92,400.00	$	358,040.00	$92,400.00	$  358,040.00	$	358,040.00	
1	296	Miami-Dade County Tax Collector	12/09/24	NAV Taxes	$  446,023.95		$	(4,281.83)	$ (17,840.71)	$	423,901.41	$	91,488.95	$	354,535.00	$	86,951.06	$  336,950.35	$  336,950.35	
2	Int - 1	Miami-Dade County Tax Collector	02/07/25	Interest		$  180.27			$	180.27	$	180.27		$	180.27		$	-	
3	1	Miami-Dade County Tax Collector	03/06/25	NAV Taxes	$	2,074.53		$	(20.54)	$	(20.75)	$	2,033.24	$	425.53	$	1,649.00	$	417.06	$	1,616.18	$	1,616.18	
4	Int - 2	Miami-Dade County Tax Collector	03/21/25	Interest		$  326.06			$	326.06	$	326.06		$	326.06		$	-	
5	2	Miami-Dade County Tax Collector	04/07/25	NAV Taxes	$	2,074.53		$	(20.74)	$	-	$	2,053.79	$	425.53	$	1,649.00	$	421.28	$	1,632.51	$	1,632.51	
6									$	-					$	-	
7	wire	Lennar Homes	12/11/24	Direct Bill-12/15/24-Payment	$  139,900.00				$	139,900.00		$	139,900.00		$  139,900.00	$  139,900.00	
8									$	-					$	-	
9									$	-					$	-	
10									$	-					$	-	
11									$	-					$	-	
12									$	-					$	-	
13									$	-					$	-	
14									$	-					$	-	
15									$	-					$	-	
16									$	-					$	-	
					$  590,073.01	$  506.33	$	(4,323.11)	$ (17,861.46)	$	568,394.77	$	92,846.34	$	497,733.00	$	88,295.73	$  480,099.04	$  480,099.04	
	$  (139,900.00)		$  (139,900.00)	
	$	357,833.00		$  340,199.04	

24/25 Assessment Roll
O&M	98,297.43
Debt	 380,919.00 
479,216.43	Note: $479,216, $98,297 and $380,919 are 2024/2025 Budgeted
Collections	assessments before discounts and fees.

$	590,073.01
$	(139,900.00)
$	-

93.94%	$450,440, $92,400 and $358,040 are 2024/2025 Budgeted assessments after discounts and fees.

$	- 

$	450,173.01

$	590,073.01
$	506.33
$	(92,846.34)

$	568,394.77
$	(88,295.73)

$	(497,733.00)	$  (480,099.04)
$	-	$	-