Los Cayos Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

.
Note
Import Fill Balance = $644,236.23 Less $71,677 Needed For 25/26 Carryover = $572,559.23 (Amount Paid To Developer)

I

$659,156

($554,167)

$104,989

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025
BUDGET 10/1/25 - 9/30/25

AMENDED FINAL BUDGET
10/1/25 - 9/30/25

YEAR TO DATE ACTUAL
10/1/25 - 8/31/25

O & M Assessments

98,297

98,297

95,185

Developer Contribution - For 25/26

0

71,677

71,677

Debt Assessments

380,894

380,894

366,078

Interest Income

375

17,500

17,277

TOTAL REVENUES

$	479,566

$	568,368

$	550,217

EXPENDITURES

Administrative Expenditures

Supervisor Fees

0

0

0

Management

34,000

34,000

31,167

Legal

11,500

16,500

14,268

Assessment Roll

6,000

6,000

0

Audit Fees

4,500

4,500

4,500

Arbitrage Rebate Fee

650

650

650

Insurance

6,250

5,200

5,200

Legal Advertisements

3,000

2,500

1,301

Miscellaneous

500

400

289

Postage

200

175

135

Office Supplies

500

250

198

Dues & Subscriptions

175

175

175

Website Management

2,500

2,500

2,292

Trustee Fees

4,000

4,246

4,246

Continuing Disclosure Fee

1,000

1,000

0

Dissemination Services

2,500

2,500

2,500

Return Of Unused Funds

0

644,236

644,236

TOTAL ADMINISTRATIVE EXPENDITURES

$	77,275

$	724,832

$	711,157

Maintenance Expenditures

Engineering/Inspections

3,000

10,000

7,777

Miscellaneous Maintenance

1,000

500

0

Environmental Inspections

10,000

5,000

0

Stormwater Management

1,500

750

0

Field Operations

0

0

0

Import Fill Material

0

0

0

TOTAL MAINTENANCE EXPENDITURES

$	15,500

$	16,250

$	7,777

TOTAL EXPENDITURES

$	92,775

$	741,082

$	718,934

REVENUES LESS EXPENDITURES

$	386,791

$	(172,714)

$	(168,717)

Bond Payments

(358,040)

(358,040)

(348,264)

BALANCE

$	28,751

$	(530,754)

$	(516,981)

County Appraiser & Tax Collector Fee

(9,584)

(4,627)

(4,427)

Discounts For Early Payments

(19,167)

(18,786)

(17,986)

EXCESS/ (SHORTFALL)

$	-

$	(554,167)

$	(539,394)

AMENDED FINAL BUDGET
LOS CAYOS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2024
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $179,020*. Revenue Account Balance = $145,367*. 12/15/2025 Interest Payment Of $139,900 To Be Developer Funded.
Capitalized Interest Was Set-Up Through June 2025.
Revenue Fund To Be Used To Make 12/15/25 Interest Payment Of $138,140.

Fiscal Year 2024/2025 Capital Outlay = $4,178,970.
* Approximate Amounts

Series 2025 Bond Information

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

$5,275,000 4.40% - 5.55%
Mar-25
June 2054

Annual Principal Payments Due: June 15th
Annual Interest Payments Due:
June 15th & December 15th

Par Amount As Of 9/30/25 =

$5,195,000

II

$180,447

$143,940

$324,387

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

100

13,300

13,178

NAV Assessment Collection

358,040

358,040

348,264

Developer Contribution - Debt

0

139,900

139,900

Total Revenues

$	358,140

$	511,240

$	501,342

EXPENDITURES

Principal Payments

80,000

80,000

80,000

Interest Payments

277,140

279,800

279,800

Transfer To Construction Account

0

7,500

6,564

Bond Redemption

1,000

0

0

Total Expenditures

$	358,140

$	367,300

$	366,364

Excess/ (Shortfall)

$	-

$	143,940

$	134,978