Cypress Lakes Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O & M Assessments

78,137

Debt Assessments

119,734

Other Revenues

0

Interest Income

1,500

TOTAL REVENUES

$	199,371

EXPENDITURES

Supervisor Fees

4,000

Payroll Taxes (Employer)

320

Engineering

1,500

Management

30,192

Secretarial

4,200

Legal

7,500

Assessment Roll

6,000

Audit Fees

3,700

Insurance

8,000

Legal Advertisements

1,200

Miscellaneous

462

Postage

125

Office Supplies

275

Dues & Subscriptions

175

Trustee Fee

4,300

Continuing Disclosure Fee

1,000

Website Management

2,000

Reserve

0

TOTAL EXPENDITURES

$	74,949

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 FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O & M Assessments

76,341

78,137

78,137

Expenditures Less Interest & Carryover/.94

Debt Assessments

121,736

119,734

119,734

Bond Payments/.94

Other Revenues

0

0

0

Interest Income

4,084

960

1,500

Interest Projected At $125.00 Per Month

TOTAL REVENUES

$	202,161

$	198,831

$	199,371

EXPENDITURES

Supervisor Fees

2,000

4,000

4,000

No Change From 2025/2026 Budget

Payroll Taxes (Employer)

234

320

320

Projected At 8% Of Supervisor Fees

Engineering

0

1,500

1,500

No Change From 2025/2026 Budget

Management

28,572

29,400

30,192

CPI Adjustment

Secretarial

4,200

4,200

4,200

No Change From 2025/2026 Budget

Legal

7,167

7,000

7,500

$500 Increase From 2025/2026 Budget

Assessment Roll

6,000

6,000

6,000

As Per Contract

Audit Fees

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,400

8,000

FY 25/26 Expenditure Was $7,269

Legal Advertisements

633

1,300

1,200

$100 Decrease From 2025/2026 Budget

Miscellaneous

283

575

462

$113 Decrease From 2025/2026 Budget

Postage

24

125

125

No Change From 2025/2026 Budget

Office Supplies

197

275

275

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

4,256

4,100

4,300

$200 Increase From 2025/2026 Budget

Continuing Disclosure Fee

1,000

1,000

1,000

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Reserve

0

1,439

0

Reserve

TOTAL EXPENDITURES

$	67,099

$	74,409

$	74,949

REVENUES LESS EXPENDITURES

$	135,062

$	124,422

$	124,422

Bond Payments

(115,947)

(112,550)

(112,550)

2027 P & I Payments Less Earned Interest

BALANCE

$	19,115

$	11,872

$	11,872

County Appraiser & Tax Collector Fee

(1,241)

(3,957)

(3,957)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(7,124)

(7,915)

(7,915)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	10,750

$	-

$	-

Carryover From Prior Year

0

0

0

Carryover Balance From Prior Years

NET EXCESS/ (SHORTFALL)

$	10,750

$	-

$	-

DETAILED FINAL DEBT SERVICE BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2004 Bond Information

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

$1,745,000 6.00%
August 2004
May 2034

Annual Principal Payments Due = May 1st
Annual Interest Payments Due =	May 1st & November 1st

Par Amount As Of 1/1/26 =

$755,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

6,298

1,250

1,300

Projected Interest For 2026/2027

NAV Tax Collection

115,947

112,550

112,550

2026 P & I Payments Less Earned Interest

Total Revenues

$	122,245

$	113,800

$	113,850

EXPENDITURES

Principal Payments

65,000

70,000

75,000

Principal Payment Due In 2027

Interest Payments

49,800

43,800

38,850

Interest Payments Due In 2027

Extraordinary Principal Payments

0

0

0

Total Expenditures

$	114,800

$	113,800

$	113,850

Excess/ (Shortfall)

$	7,445

$	-

$	-

Cypress Lakes Community Development District Assessment Comparison

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
  Assessment* 

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
 Projected Assessment* 

O & M Debt
Total

$

683.53

$

730.26

$

730.26

$

730.26

 $	1,165.74

$	1,119.01

$	1,119.01

 $	1,119.01

$

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