Windsor Cay Community Development District Proposed Budget FY2025 1-2 3-6 7 8-9 Table of Contents General Fund General Fund Narrative Series 2024 Debt Service Fund Series 2024 Amortization Schedule Adopted Actuals Projected Description FBYu2d0g2e4t 3/T3h1r/u24 6 MNoenxtths 9Pr/To3jh0erc/ut2e4d PFBrYou2pd0ogs2ee5td Revenues ADsesveeslsompeenr tCs ontributions $$ 2 5118,,464619 $$ 1 5 75,,364907 $$ 6 2 , 7 -79 $$ 2 1 78,,344679 $$ 2 2957,,381914 Total Revenues $ 270,110 $ 163,037 $ 62,779 $ 225,817 $ 323,205 Expenditures General & Administrative Engineering 10,000 $ 570 $ 2,500 $ 3,070 $ 10,000 $ Attorney 25,000 $ 5,379 $ 12,500 $ 17,879 $ 25,000 $ Annual Audit 4,000 $ - $ 3,200 $ 3,200 $ 4,000 $ Assessment Administration 5,000 $ - $ - $ - $ 5,250 $ Arbitrage 450 $ - $ - $ - $ 450 $ Dissemination 5,000 $ - $ - $ 5,000 $ 5,000 $ Trustee Fees 4,020 $ - $ - $ - $ 4,020 $ Management Fees 40,000 $ 20,000 $ 20,000 $ 40,000 $ 42,500 $ Information Technology 1,800 $ 900 $ 900 $ 1,800 $ 1,800 $ Website Maintenance 1,200 $ 600 $ 600 $ 1,200 $ 1,200 $ Telephone 300 $ - $ 20 $ 20 $ 300 $ Postage & Delivery 1,000 $ 18 $ 60 $ 78 $ 1,000 $ Insurance 5,750 $ 5,000 $ - $ 5,000 $ 5,500 $ Printing & Binding 1,000 $ 1 $ 20 $ 21 $ 1,000 $ Legal Advertising 5,000 $ 853 $ 2,000 $ 2,853 $ 5,000 $ Property Appraiser Fee - $ 2,125 $ - $ 2,125 $ - $ Other Current Charges 1,750 $ 598 $ 1,152 $ 1,750 $ 1,750 $ Office Supplies 625 $ 1 $ 20 $ 21 $ 625 $ Travel Per Diem 660 $ - $ 330 $ 330 $ 660 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 112,730 $ 36,220 $ 43,302 $ 84,522 $ 115,230 $ Windsor Cay Community Development District Proposed Budget General Fund 1 Adopted Actuals Projected Description FBYu2d0g2e4t 3/T3h1r/u24 6 MNoenxtths 9Pr/To3jh0erc/ut2e4d PFBrYou2pd0ogs2ee5td Windsor Cay Community Development District Proposed Budget General Fund Operations & Maintenance Field Expenditures Field Management 15,000 $ - $ 7,500 $ 7,500 $ 15,000 $ Landscape Maintenance 104,880 $ - $ 52,440 $ 52,440 $ 110,784 $ Pond Disking - $ - $ - $ - $ 9,000 $ Landscape Replacement 2,500 $ - $ 1,250 $ 1,250 $ 2,500 $ Tree Trimming - $ - $ - $ - $ 7,875 $ Mulch - $ - $ - $ - $ 10,000 $ Electric 5,000 $ - $ 2,500 $ 2,500 $ 3,500 $ Water & Sewer 20,000 $ - $ 10,000 $ 10,000 $ 25,000 $ Irrigation Repairs 2,500 $ - $ 1,250 $ 1,250 $ 7,500 $ Fountain Maintenance - $ - $ - $ - $ 6,000 $ General Repairs & Maintenance 5,000 $ - $ 2,500 $ 2,500 $ 7,500 $ Contingency 2,500 $ - $ 1,250 $ 1,250 $ 3,316 $ Total Operations & Maintenance 157,380 $ - $ 78,690 $ 78,690 $ 207,975 $ Total Expenditures 270,110 $ 36,220 $ 121,992 $ 163,212 $ 323,205 $ Excess Revenues/(Expenditures) - $ 126,817 $ (59,212) $ 62,605 $ - $ Net Assessments 297,894 $ Add: Discount & Collections 6% 19,015 $ Gross Assessments 316,909 $ Product Type ERU Assessable Units Total ERU Net Assessment Net Per Unit Gross Per Unit Townhouse - 25' 0.5 230 115.00 98,941 $ 430.18 $ 457.64 $ Single Family - 40' 0.8 153 122.40 90,021 $ 588.37 $ 625.93 $ Single Family - 50' 1 157 157.00 108,932 $ 693.84 $ 738.12 $ 540 394.40 297,894 $ 2 Windsor Cay Community Development District General Fund Budget Revenues: Assessments The District will levy a non-ad valorem assessment on all the assessable property pay for operating expenditures during the fiscal year. within the District to Developer Contributions eTxhpee nDdisitturircets fwoirl lt heen Fteisrc ainl Ytoe aar . funding agreement with the Developer to fund the General Fund Expenditures: General & Administrative: Engineering ptThrheoe j DeDcisitststr raicisct td, 'esir .gee.cn, tgaeitdnte ebneydr ,ta hDneco eDn aiaslntdrd iW cptr . MeMpacanIranagttoeiosrh.n fAosrs omcoianttehsl,y I nbco.a, rpdr omveideetisn ggesn, reervaile ewn gininveoeicriensg a snedr vviacreiso utos Attorney daTtihtreee ncDtdeaidsnt bcrieyc tta'hsne d lB epgoraaelr pdca ooruaf tnSiusoepnle , froKvriu stmoarkese atRinnodgc ksth,, epL rDLePips,a trrpiarctoti voMinda enasna gdge errne. evrieawl loegf aalg rseeermviceenst st, or etshoelu Dtioisntrsi, cet,t ce. .ags., ATonnh nea unDa ials nAtrnuiucdati tli sb aresiqsu. ired by Florida Statutes to arrange for an independent audit of its financial records aTAsshsseee ssDssmiasbterlneitc ptA rdwompileiln rcitosytn rwtaritatihocitnn t oth lee Dvyis tarnicdt .a dminister the collection of non-ad valorem assessment on all Arbitrage TDhiset rDicits’tsr Aicrtb witrilalg ceo Rnetrbaactte wLiiatbhi laitny ionnd aenp eanndtiecnipt acteerdt ibfioendd p isusbulaicn caec.c ountant to annually calculate the aDTwnhihstesiic ceDhimpi rsianettraleaidtctit eob sinos t norde a qidsusdiuriteaidno ncbeay.l trheep oSretcinugri trye qaunidre Emxechnatsn gfoer Cuonmramteisds bioonn dto i scsoumeps.l yT hwisit hco Rstu ilse b1a5sce2d- 1u2p(obn)( a5n) TTrhues Dteies tFreicets will incur trustee related costs with the issuance of its’ issued bonds. 3 Windsor Cay Community Development District General Fund Budget Management Fees The District receives Management, Accounting and Administrative services as part pnArogetr peaelirmmaetitinoetdn w , atitlolh , f iGnroeavcnoecrridnalim nrgee nptoaarnlt dsM , aatrnnananguseacmlr aiepuntditoi Stnse ,r eovtifcc .e bso-Caredn trmale Feltoinrgidsa, , aLdLmC. iTnhiset rsaetrivveic eossfe iarnv cMilcuaednse,a gbbeuumtd aegrneett pfIaRonnrerfodpo mv rrsimeedesreeaevtstniei ntotrhsgns es,v Ts,pa eAeor cdissohyiotunsbiosvtee lec,om oMpgssayit. cy or iofm sinopfflote rmOmfefaincttieao,t neio ttcne.c Gahnondvo eplorrngomyg rfeoanrmt atmhl eMin Dagin sfaotrgrie cfmrt aseuundct h pS raeosrt vveiiccdeteisoo –n c ,C oaencnfcetorruaenln tFcilinongrg is,d ocalfo,t wLuLdaC rse t,o traabglee ts Website Maintenance GfRwiroeietpvhwer erCanshlelma nmpettasne ittnrah t1lee M8 nc9aoa,nsn Ftcaslego a,er usimdspoaedc naSittat eaStseteu,dr dtv weoiscci.etu Thsm h–mee Cnsoeent n iustteporrlarvoilni aFcgdel ossa,r nihinddoca sml,ut LiadnLiegnC tsa apintirendo i pvndeigodr metfohsare tim nhD earissneetncr eseic ewatrs’avssl iewsc,se ewssbm.e sbeitnseit tsce,r sebeaactceukdrui itpnys ,aa ecntcdco . rdance Telephone Telephone and fax machine. Postage & Delivery rMeaqiuliinrged o cfo brroeasrpdo nmdeeenticneg. agenda packages, overnight deliveries, checks for vendors and any other Insurance The District’s general liability and public official’s liability insurance coverages. Printing & Binding ePtrcin. ting agenda packages for board meetings, printing of computerized checks, stationary, envelopes, Legal Advertising Ta hnee wDissptaripcet ri so rf egqeunierreadl tcoir acduvlaetriotinse. various notices for monthly Board meetings, public hearings, etc. in BOathnekr cChuarrrgeenst aCnhda ragneys o ther miscellaneous expenses incurred during the year. Office Supplies lAanbye lssu, pppaplieers cthliapts m, eatcy. need to be purchased during the fiscal year, e.g., paper, minute books, file folders, 4 Windsor Cay Community Development District General Fund Budget Travel Per Diem The Board of Supervisors can be reimbursed for travel expenditures related to the conducting business. of District Dues, Licenses & Subscriptions $T1h7e5 D. iTsthriisc ti si sth ree qounilrye edx ptoe npsaey u annd earn tnhuias lc faetee gtoor yth feo rF tlohrei dDais Dtreicpta. rtment of Economic Opportunity for Field Expenditures: Field Management RDmemeiospantrriielitscos.t er sinnutgsc hot hfa esu tleaislnittdiyms acaactcpeodeu acnnotdss,t lsaa tkoteef nmcdoa nBitnortaaecrntdain nmgc eese.e tSrienvrigvcsei csae nstdh c aarten cp ierniocvvleui ddaeen doo nnrsseiisttpeeo ifnniedslp dte ocm tpiaornonapsg,e emrmtyee eontwitn nogesf rcw opinthhtor ncaoecn tcsta rflaolcsr t aotnrhsde, oRLafe nlpadrnesdcsasecpnaetps M et hamein aettseetnrimiaanla chteea ds mbeaeinnt ceonmanpcleet oefd t.h e landscaping within the common areas of the District after the installation Pond Disking Represents the estimated cost to disk pond floors within the District. RLaenpdrescsaepnets R tehpel aecsetimmeantte d cost of replacing landscaping within the common areas of the District. Tree Trimming Represents cost to trim trees within the district. Mulch Represents costs related to mulch installed in the District. Electric Represents estimated electric charges of common areas throughout the District. Water & Sewer Represents estimated costs for water and refuse services provided for common areas throughout the District. Irrigation Repairs Rweepllrse. sents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation 5 Windsor Cay Community Development District General Fund Budget Fountain Maintenance Represents cost to maintain fountains for three days each week. General Represe Rntesp aesirtsim &a Mteadi nctoesntas nfocer general repairs and maintenance of the District’s common areas. Contingency fRieelpdr ecasetengtos rfyu.n ds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any 6 Windsor Cay Community Development District Proposed Budget Series 2024 Debt Service Fund Proposed Actuals Projected Description BFuY2d0ge2t4 3/T3h1r/u24 6 MNoenxtths 9/TT3oh0tra/ul2 4 PFBrYou2pd0og2see5td ISCRnpaeterevrcreyiena Fslut oAersswseasrsdments $$$ --- $$$ --- $$$ --- $$$ --- $$$ 26 66 35 ,, 24 -2423 Total Revenues $ - $ - $ - $ - $ 928,665 Expenditures IIPnnrttieenrrceeipsstta EEl xxEppxeepnnessnees e-- 15- /151//11 $$$ --- $$$ --- $$$ --- $$$ --- $$$ 122366345,,,048029024 Total Expenditures $ - $ - $ - $ - $ 663,316 Other Financing Sources/(Uses) Bond Proceeds $ - $ - $ 596,043 $ 596,043 $ - Total Other Financing Sources/(Uses) $ - $ - $ 596,043 $ 596,043 $ - Excess Revenues/(Expenditures) $ - $ - $ 596,043 $ 596,043 $ 265,349 Interest Expense 11/1/25 $ 261,789 Total $ 261,789 Product Assessable Units Total Net Assessments Net Assessment Per Unit Gross Assessment Per Unit SSTiionnwggllneeh FFoaaummseii ll-yy 2--5 45'00'' 112534550037 $$$$ 1 72261676345,7,,,25884697135 $$$ 11 ,,737649888...607409 $$$ 11 ,,848168707...724024 7 Windsor Cay Community Development District Series 2024 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/24 9,615,000.00 $ - $ 263,422.12 $ 263,422.12 $ 05/01/25 9,615,000.00 $ 135,000.00 $ 264,893.75 $ 11/01/25 9,480,000.00 $ - $ 261,788.75 $ 661,682.50 $ 05/01/26 9,480,000.00 $ 145,000.00 $ 261,788.75 $ 11/01/26 9,335,000.00 $ - $ 258,453.75 $ 665,242.50 $ 05/01/27 9,335,000.00 $ 150,000.00 $ 258,453.75 $ 11/01/27 9,185,000.00 $ - $ 255,003.75 $ 663,457.50 $ 05/01/28 9,185,000.00 $ 155,000.00 $ 255,003.75 $ 11/01/28 9,030,000.00 $ - $ 251,438.75 $ 661,442.50 $ 05/01/29 9,030,000.00 $ 165,000.00 $ 251,438.75 $ 11/01/29 8,865,000.00 $ - $ 247,643.75 $ 664,082.50 $ 05/01/30 8,865,000.00 $ 170,000.00 $ 247,643.75 $ 11/01/30 8,695,000.00 $ - $ 243,733.75 $ 661,377.50 $ 05/01/31 8,695,000.00 $ 180,000.00 $ 243,733.75 $ 11/01/31 8,515,000.00 $ - $ 239,593.75 $ 663,327.50 $ 05/01/32 8,515,000.00 $ 190,000.00 $ 239,593.75 $ 11/01/32 8,325,000.00 $ - $ 234,416.25 $ 664,010.00 $ 05/01/33 8,325,000.00 $ 200,000.00 $ 234,416.25 $ 11/01/33 8,125,000.00 $ - $ 228,966.25 $ 663,382.50 $ 05/01/34 8,125,000.00 $ 210,000.00 $ 228,966.25 $ 11/01/34 7,915,000.00 $ - $ 223,243.75 $ 662,210.00 $ 05/01/35 7,915,000.00 $ 220,000.00 $ 223,243.75 $ 11/01/35 7,695,000.00 $ - $ 217,248.75 $ 660,492.50 $ 05/01/36 7,695,000.00 $ 235,000.00 $ 217,248.75 $ 11/01/36 7,460,000.00 $ - $ 210,845.00 $ 663,093.75 $ 05/01/37 7,460,000.00 $ 250,000.00 $ 210,845.00 $ 11/01/37 7,210,000.00 $ - $ 204,032.50 $ 664,877.50 $ 05/01/38 7,210,000.00 $ 260,000.00 $ 204,032.50 $ 11/01/38 6,950,000.00 $ - $ 196,947.50 $ 660,980.00 $ 05/01/39 6,950,000.00 $ 275,000.00 $ 196,947.50 $ 11/01/39 6,675,000.00 $ - $ 189,453.75 $ 661,401.25 $ 05/01/40 6,675,000.00 $ 290,000.00 $ 189,453.75 $ 11/01/40 6,385,000.00 $ - $ 181,551.25 $ 661,005.00 $ 05/01/41 6,385,000.00 $ 310,000.00 $ 181,551.25 $ 11/01/41 5,750,000.00 $ - $ 173,103.75 $ 664,655.00 $ 05/01/42 5,040,000.00 $ 325,000.00 $ 173,103.75 $ 11/01/42 5,040,000.00 $ - $ 164,247.50 $ 662,351.25 $ 05/01/43 5,040,000.00 $ 345,000.00 $ 164,247.50 $ 11/01/43 5,040,000.00 $ - $ 154,846.25 $ 664,093.75 $ 05/01/44 5,040,000.00 $ 365,000.00 $ 154,846.25 $ 11/01/44 5,040,000.00 $ - $ 144,900.00 $ 664,746.25 $ 8 Windsor Cay Community Development District Series 2024 Special Assessment Bonds Amortization Schedule Date Balance 00000000001111111111111111115555555555///////////////////00000000000000000001111111111111111111///////////////////44444444445555555550011223345566778899 $$$$$$$$$$$$$$$$$$$ 11112222333344445 ,,,,,,,,,,,,,,,,, 022223333668888886622334555555667788440000000000055555555,,,,,,,,,,,,,,,,,,,000000000000000000000000000000000000000000000000000000000...................00000000000000000000000000000000000000 $$$$$$$$$$$$$$$$$$$ Pr i3444455566n0113445788ic0000555555p,,,,,,,,,,0000000000a0000000000l0000000000 ---------..........00000000000000000000 $$$$$$$$$$$$$$$$$$$ In 1111111t e0022334 113355668899r2233499222266668888e,,,,,,,,,,,,,,,,,,,1188889001155667788st02233880011334444880115577001122333377...................00022550022555577770000055000000555555 $$$$$$$$$$$ T6666666666o6666666666t0011233344a,,,,,,,,,,l005556677911233445690123335788 -..........00255777770000555555 $ 9,615,000.00 $ 10,532,758.37 $ 20,147,758.37 9