Coconut Cay	
Community Development District	

Proposed Budget	
FY 2027	

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	
Proposed Budget	
General Fund	

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY 2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessment	$108,602	$100,287	$8,315	$108,602	108,602	
Interest Income	3,000	3,143	4,401	7,544	3,000	
Carry Forward Surplus	48,333	48,333	9,547	57,880	47,114	

TOTAL REVENUES	$159,935	$151,763	$22,263	$174,026	158,716	
EXPENDITURES:

Administrative:						
Supervisor Fees	$6,000	$-	$2,000	$2,000	6,000	
PR-FICA	459	-	153	153	459	
Engineering	6,500	-	3,792	3,792	6,500	
Attorney Fees	27,182	132	5,000	5,132	23,000	
Annual Audit	3,800	-	3,800	3,800	3,800	
Arbitrage Rebate	1,250	-	600	600	600	
Dissemination Agent	1,200	500	700	1,200	1,272	
Trustee Fees	4,100	-	4,100	4,100	4,400	
Management Fees	41,655	17,356	24,299	41,655	44,154	
Website Maintenance	1,200	500	700	1,200	1,272	
Telephone	50	-	25	25	50	
Postage & Delivery	850	395	496	891	850	
Printing & Binding	450	6	263	269	450	
Insurance General Liability	8,400	8,295	-	8,295	8,820	
Legal Advertising	2,500	261	1,400	1,661	2,500	
Other Current Charges	500	682	292	974	750	
Office Supplies	75	-	44	44	75	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$106,346	$28,303	$47,662	$75,965	105,127	
Operations & Maintenance						
Field Maintenance						
Lake Maintenance	$2,340	$-	$1,365	$1,365	2,340	
Drainage Maintenance	4,000	-	$2,333	2,333	4,000	
Pump Maintenance	47,249	33,340	$13,909	47,249	47,249	
TOTAL FIELD EXPENDITURES	$53,589	$33,340	$17,608	$50,947	$53,589	

TOTAL EXPENDITURES	$159,935	$61,643	$65,270	$126,912	$158,716	

EXCESS REVENUES (EXPENDITURES)	$-	$90,121	$(43,007)	$47,114	$-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

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

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
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	
Proposed Budget	
Capital Reserve Fund	

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY 2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:						
Capital Reserve Contribution	$-	$-	$-	$-	$-	
Interest Income	15,000	13,874	19,424	33,298	15,000	
Deferred Revenue	746,106	46,487	699,619	746,106	746,106	

TOTAL REVENUES	$761,106	$60,361	$719,043	$779,404	$761,106	

EXPENDITURES:

Field Management	$12,000	$-	$-	$-	$-	
Engineering Fees	40,000	13,526	18,937	32,463	40,000	
Operating Supplies	6,500	-	3,792	3,792	6,500	
Other Current Charges/Bank	600	-	350	350	600	
Pump Maintenance	20,000	-	11,667	11,667	20,000	
Repair & Maintenance	2,500	-	1,458	1,458	2,500	
Capital Outlay/Improvements	679,506	-	396,379	396,379	691,506	
TOTAL EXPENDITURES	$761,106	$13,526	$432,582	$446,108	$761,106	

EXCESS REVENUES (EXPENDITURES)	$-	$46,835	$286,461	$333,296	$-	

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

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY 2026	2/28/26	7 Months	9/30/26	FY 2027	

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

$466,328	$430,625	$35,704	$466,328	$466,328	
4,000	5,553	7,774	13,326	4,000	
149,063	169,777	-	169,777	171,596	

TOTAL REVENUES	$619,391	$605,954	$43,477	$649,432	$641,925	

EXPENDITURES:

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

$102,259	$102,259	$-	$102,259	$95,272	
260,000	-	260,000	260,000	275,000	
102,259	-	102,259	102,259	95,272	

TOTAL EXPENDITURES	$464,519	$102,259	$362,259	$464,519	$465,544	

Other Financing Sources/(Uses)

$(7,985)	$(10,516)	$(2,800)	$(13,316)	($13,562)	

Interfund Transfer (3)

TOTAL OTHER FINANCING SOURCES/(USES)	$(7,985)	$(10,516)	$(2,800)	$(13,316)	$(13,562)	

EXCESS REVENUES	$146,887	$493,178	$(321,582)	$171,596	$162,819	

Interest Payment - 11/01/27 		$87,881 	
	   $87,881 	
(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	FY26
Gross Per Unit	FY27
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	
2026-2027	

Product Type	O&M Units	Bonds
Units	Annual Maintenance Assessments	Annual Debt Assessments	Total Assessed Per Unit	
	FY 2027	FY 2026	Increase/
(decrease)	FY 2027	FY 2026	Increase/
(decrease)	FY 2027	FY 2026	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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