Cypress Lakes 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
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O & M Assessments	78,137	
Debt Assessments	119,734	
Other Revenues	0	
Interest Income	960	
		
TOTAL REVENUES	$	198,831	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering	1,500	
Management	29,400	
Secretarial	4,200	
Legal	7,000	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	7,400	
Legal Advertisements	1,300	
Miscellaneous	575	
Postage	125	
Office Supplies	275	
Dues & Subscriptions	175	
Trustee Fee	4,100	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Reserve	1,439	
		
TOTAL EXPENDITURES	$	74,409	
		
REVENUES LESS EXPENDITURES	$	124,422	
		
Bond Payments	(112,550)	
		
BALANCE	$	11,872	
		
County Appraiser & Tax Collector Fee	(3,957)	
Discounts For Early Payments	(7,915)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CYPRESS LAKES 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	
O & M Assessments	73,367	78,137	78,137	Expenditures Less Interest & Carryover/.94	
Debt Assessments	124,804	119,734	119,734	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	5,555	480	960	Interest Projected At $80.00 Per Month	
					
TOTAL REVENUES	$	203,726	$	198,351	$	198,831		
					
EXPENDITURES					
Supervisor Fees	2,200	4,000	4,000	No Change From 2024/2025 Budget	
Payroll Taxes (Employer)	168	320	320	Projected At 8% Of Supervisor Fees	
Engineering	2,750	1,500	1,500	No Change From 2024/2025 Budget	
Management	27,744	28,572	29,400	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	6,955	7,000	7,000	No Change From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,800	3,900	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,100	7,400	FY 24/25 Expenditure Was $6,858	
Legal Advertisements	1,322	1,300	1,300	No Change From 2024/2025 Budget	
Miscellaneous	427	600	575	$25 Decrease From 2024/2025 Budget	
Postage	56	125	125	No Change From 2024/2025 Budget	
Office Supplies	156	275	275	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,089	4,100	4,100	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Reserve	0	1,762	1,439	Reserve	
					
TOTAL EXPENDITURES	$	69,636	$	73,929	$	74,409		
					
REVENUES LESS EXPENDITURES	$	134,090	$	124,422	$	124,422		
					
Bond Payments	(119,034)	(112,550)	(112,550)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	15,056	$	11,872	$	11,872		
					
County Appraiser & Tax Collector Fee	(1,282)	(3,957)	(3,957)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(7,266)	(7,915)	(7,915)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	6,508	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	6,508	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
CYPRESS LAKES 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	
7,162	
300	
1,250	
Projected Interest For 2025/2026	

NAV Tax Collection	
119,034	
112,550	
112,550	
2026 P & I Payments Less Earned Interest	

Total Revenues	
$	126,196	
$	112,850	
$	113,800		

EXPENDITURES					

Principal Payments	
75,000	
65,000	
70,000	
Principal Payment Due In 2026	

Interest Payments	
54,000	
47,850	
43,800	
Interest Payments Due In 2026	

Extraordinary Principal Payments	
0	
0	
0		

Total Expenditures	
$	129,000	
$	112,850	
$	113,800		

Excess/ (Shortfall)	
$	(2,804)	
$	-	
$	-		

Series 2004 Bond Information
Original Par Amount =	$1,745,000	Annual Principal Payments Due = May 1st	
Interest Rate =	6.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	August 2004		
Maturity Date =

Par Amount As Of 1/1/25 =	May 2034

$830,000		

Cypress Lakes Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
	Assessment*		  Assessment* 		Assessment*		 Projected Assessment* 	

O & M

$	695.06	$

683.53	$

730.26	$

730.26

Debt

$	1,154.21

$	1,165.74

$	1,119.01

$	1,119.01

Total

$	1,849.27

$	1,849.27	$

1,849.27	$

1,849.27

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	107

IV