Coconut Cay	
Community Development District	

Adopted Budget	
FY 2026	

Table Of Contents

1		General Fund	

2-3	
	Narratives	

4	
	Capital Reserve Fund 	

5	
	Debt Service Fund - Series 2006A	
6		Amortization Schedule	

7	
	Assessments	

Coconut Cay	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2025	4/30/25	5 Months	9/30/25	FY 2026	

REVENUES:

Special Assessment	$108,602	$103,079	$5,523	$108,602	108,602	
Interest Income	1,000	4,679	3,342	8,021	3,000	
Unassigned Fund Balance	50,333	31,300	-	31,300	48,333	

TOTAL REVENUES	$159,935	$139,058	$8,865	$147,923	159,935	

EXPENDITURES:

Administrative:						
Supervisor Fees	$6,000	$1,000	$2,000	$3,000	6,000	
PR-FICA	459	77	153	230	459	
Engineering	6,500	80	2,708	2,789	6,500	
Attorney Fees	27,182	358	11,326	11,683	27,182	
Annual Audit	3,800	3,450	-	3,450	3,800	
Arbitrage Rebate	1,250	-	600	600	1,250	
Dissemination Agent	1,100	642	458	1,100	1,200	
Trustee Fees	4,100	2,726	1,374	4,100	4,100	
Management Fees	39,297	22,923	16,374	39,297	41,655	
Website Maintenance	1,000	583	417	1,000	1,200	
Telephone	50	-	25	25	50	
Postage & Delivery	850	159	354	513	850	
Printing & Binding	450	29	188	216	450	
Insurance General Liability	8,000	7,826	-	7,826	8,400	
Legal Advertising	1,100	492	1,400	1,892	2,500	
Other Current Charges	770	390	278	668	500	
Office Supplies	75	-	31	31	75	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$102,158	$40,909	$37,686	$78,596	106,346	
Operations & Maintenance						

Field Maintenance						
Lake Maintenance	$2,340	$-	$975	$975	2,340	
Drainage Maintenance	4,000	-	$1,667	1,667	4,000	
Pump Maintenance	51,437	-	$18,353	18,353	47,249	

TOTAL FIELD EXPENDITURES	$57,777	$-	$20,995	$20,995	$53,589	

TOTAL EXPENDITURES	$159,935	$40,909	$58,681	$99,590	$159,935	

EXCESS REVENUES (EXPENDITURES)	$-	$98,149	$(49,816)	$48,333	$-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	114,318	
	(5,716) 	
 $	108,602 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	

Single Family	543	$  114,317.79	$	210.53	$	210.53	$	-	

Total	543	$ 114,317.79	

Coconut Cay	
Community Development District	
Budget Narrative	

REVENUES	
Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
State Board Interest
The District earns interest on the monthly average collected balance for each of their State Board accounts.	

Expenditures - Administrative	

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.	
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering Fees
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested	
Attorney
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Arbitrage Rebate
The District has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its bonds.	
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Communication - Telephone
New internet and Wi-Fi service for Office.	

Expenditures - Administrative (continued)	

Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	

Expenditures – Field	
Lake Maintenance
Monthly water management services to all the lakes throughout the District.	
Drainage Maintenance	
District will hire an on-site person to handle weekly inspections, logging and maintenance of the storm drain
system.	
Pump Maintenance	
Routine maintenance and preventative services provided by Hoover throughout the District.	

Coconut Cay	
Community Development District	
Adopted Budget	
Capital Reserve Fund	

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2025	4/30/25	5 Months	9/30/25	FY 2026	

REVENUES:						
Capital Reserve Contribution	$418,000	$104,500	$-	$104,500	$-	
Interest Income	-	20,744	14,817	35,562	15,000	
Deferred Revenue	-	746,106	-	746,106	746,106	

TOTAL REVENUES	$418,000	$871,350	$14,817	$886,168	$761,106	

EXPENDITURES:

Field Services	$12,000	$7,000	$5,000	$12,000	$12,000	
Capital Outlay	364,400	-	151,833	151,833	679,506	
Engineering Fees	-	8,400	5,000	13,400	40,000	
Operating Supplies	6,000	-	2,500	2,500	6,500	
Other Current Charges/Bank	600	-	250	250	600	
Pump Maintenance	10,000	27,960	4,167	32,127	20,000	
Repair & Maintenace	25,000	-	10,417	10,417	2,500	
TOTAL EXPENDITURES	$418,000	$43,360	$179,167	$222,527	$761,106	

EXCESS REVENUES (EXPENDITURES)	$-	$827,990	$(164,349)	$663,641	$-	

Coconut Cay	
Community Development District	
Adopted Budget	
Debt Service Fund - Series 2006A Special Assessment Revenue Bonds	

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2025	4/30/25	5 Months	9/30/25	FY 2026	

REVENUES:	
Special Assessments - A Bonds (1)	
Interest Income	
Carry Forward Surplus (2)	

$466,328	$442,614	$23,715	$466,328	$466,328	
4,000	10,701	7,644	18,344	4,000	
149,065	155,290	-	155,290	149,063	

TOTAL REVENUES	$619,393	$608,605	$31,358	$639,963	$619,391	

EXPENDITURES:

Series 2006A	
Interest - 11/01	
Principal - 05/01	
Interest - 05/01	

$108,978	$108,978	$-	$108,978	$102,259	
250,000	-	250,000	250,000	260,000	
108,978	-	108,978	108,978	102,259	

TOTAL EXPENDITURES	$467,956	$108,978	$358,978	$467,956	$464,519	

Other Financing Sources/(Uses)

$(22,944)	$(11,581)	$(11,363)	$(22,944)	($11,267)	

Interfund Transfer (3)

TOTAL OTHER FINANCING SOURCES/(USES)	$(22,944)	$(11,581)	$(11,363)	$(22,944)	$(11,267)	

EXCESS REVENUES	$128,493	$488,046	$(338,983)	$149,063	$143,606	

   $95,272 	
   $95,272 	

Interest Payment - 11/01

(1) Based on Assessment Methodology from the Series 2006A Special Assessment Revenue Bonds.	
(2) Carry forward surplus is net of the reserve requirement.	
(3) After November 1, 2006, interest income earned on the Reserve Account is transferred to the Construction/Acquisition	
Account until Completion of the Project. After Completion to Deferred Costs, and if no deferred costs, to the Revenue Account.	
Excess Reserves are also transferred to the construction account until completion of the project. Also, excess revenues from	
the Revenue account get transferred to the Construction account.	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	490,872	
(24,544)	
$	466,328	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	

Single Family	543	$  490,872.00	$	904.00	$	904.00	$	-	

Total	543	$ 490,872.00	

Coconut Cay	
Community Development District	
Amortization Schedule	
Series 2006A, Special Assessment Bonds	

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
	
11/01/25	$	3,805,000	5.375%	$	-	$	102,259.38	$	461,237.50	
05/01/26	$	3,805,000	5.375%	$	260,000.00	$	102,259.38	$	-	
11/01/26	$	3,545,000	5.375%	$	-	$	95,271.88	$	457,531.25	
05/01/27	$	3,545,000	5.375%	$	275,000.00	$	95,271.88	$	-	
11/01/27	$	3,270,000	5.375%	$	-	$	87,881.25	$	458,153.13	
05/01/28	$	3,270,000	5.375%	$	290,000.00	$	87,881.25	$	-	
11/01/28	$	2,980,000	5.375%	$	-	$	80,087.50	$	457,968.75	
05/01/29	$	2,980,000	5.375%	$	305,000.00	$	80,087.50	$	-	
11/01/29	$	2,675,000	5.375%	$	-	$	71,890.63	$	456,978.13	
05/01/30	$	2,675,000	5.375%	$	325,000.00	$	71,890.63	$	-	
11/01/30	$	2,350,000	5.375%	$	-	$	63,156.25	$	460,046.88	
05/01/31	$	2,350,000	5.375%	$	340,000.00	$	63,156.25	$	-	
11/01/31	$	2,010,000	5.375%	$	-	$	54,018.75	$	457,175.00	
05/01/32	$	2,010,000	5.375%	$	360,000.00	$	54,018.75	$	-	
11/01/32	$	1,650,000	5.375%	$	-	$	44,343.75	$	458,362.50	
05/01/33	$	1,650,000	5.375%	$	380,000.00	$	44,343.75	$	-	
11/01/33	$	1,270,000	5.375%	$	-	$	34,131.25	$	458,475.00	
05/01/34	$	1,270,000	5.375%	$	400,000.00	$	34,131.25	$	-	
11/01/34	$	870,000	5.375%	$	-	$	23,381.25	$	457,512.50	
05/01/35	$	870,000	5.375%	$	425,000.00	$	23,381.25	$	-	
11/01/35	$	445,000	5.375%	$	-	$	11,959.38	$	460,340.63	
05/01/36	$	445,000	5.375%	$	445,000.00	$	11,959.38	$	456,959.38	

Total	$4,055,000	$1,336,763	$5,500,741

Coconut Cay	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2026	

Product Type	O&M Units	Bonds
Units	Annual Maintenance Assessments	Annual Debt Assessments	Total Assessed Per Unit	
	FY 2026	FY 2025	Increase/
(decrease)	FY 2026	FY 2025	Increase/
(decrease)	FY 2026	FY 2025	Increase/
(decrease)	

Single Family	
543	
543	
$210.53	
$210.53	
$0.00	
$904.00	
$904.00	
$0.00	
$1,114.53	
$1,114.53	
$0.00	
Total	543	543										

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