Keys Edge 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
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	77,022	
Maintenance Assessments	115,899	
Developer Contribution	109,810	
Debt Assessments	593,494	
Interest Income	240	
		
TOTAL REVENUES	$	896,465	
		
EXPENDITURES		
Maintenance Expenditures		
Engineering	20,000	
Street/Roadway Maintenance/Signage	3,000	
Common Area Maintenance (Alba & Aurora)	24,000	
Entry Feature Maintenance	12,000	
Landscaping	12,000	
Lawn Maintenance	15,000	
Storm Drainage/Class V Permit	3,500	
Maintenance Contingency	19,445	
TOTAL MAINTENANCE EXPENDITURES	$	108,945	
		
Administrative Expenditures		
Supervisor Fees	0	
Management	26,856	
Legal	18,000	
Assessment Roll	10,000	
Audit Fees	4,400	
Arbitrage Rebate Fee	650	
Insurance	8,000	
Legal Advertisements	25,000	
Miscellaneous	1,500	
Postage	1,500	
Office Supplies	750	
Dues & Subscriptions	175	
Trustee Fees	4,500	
Continuing Disclosure Fee	1,000	
Dissemination Services	2,500	
Website Management	2,000	
Administrative Contingency	75,619	
TOTAL ADMINISTRATIVE EXPENDITURES	$	182,450	
		
TOTAL EXPENDITURES	$	291,395	
		
REVENUES LESS EXPENDITURES	$	605,070	
		
Bond Payments	(557,885)	
		
BALANCE	$	47,185	
		
County Appraiser & Tax Collector Fee	(15,728)	
Discounts For Early Payments	(31,457)	
		
EXCESS/ (SHORTFALL)	$	-	

Notes
Assessments For Non Platted Lots Will Be Direct Billed To Developer.
Per Developer Funding Agreement, Developer Responsible For Any Funding Shortages.

DETAILED PROPOSED BUDGET
KEYS EDGE 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	
Administrative Assessments	0	77,027	77,022	For Platted Lots - Expenditures Less Interest /.94	
Maintenance Assessments	0	115,899	115,899	For Platted Lots - Expenditures /.94	
Developer Contribution	79,429	109,925	109,810	For Expenditures Funded By Developer	
Debt Assessments	0	0	593,494	Bond Payments/.94	
Interest Income	719	120	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	80,148	$	302,971	$	896,465		
					
EXPENDITURES					
Maintenance Expenditures					
Engineering	17,260	5,000	20,000	$15,000 Increase From 2024/2025 Budget	
Street/Roadway Maintenance/Signage	0	3,000	3,000	No Change From 2024/2025 Budget	
Common Area Maintenance (Alba & Aurora)	0	24,000	24,000	No Change From 2024/2025 Budget	
Entry Feature Maintenance	0	12,000	12,000	No Change From 2024/2025 Budget	
Landscaping	0	0	12,000	Landscaping	
Lawn Maintenance	0	0	15,000	Lawn Maintenance	
Storm Drainage/Class V Permit	0	0	3,500	Storm Drainage/Class V Permit	
Maintenance Contingency	0	64,945	19,445	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	17,260	$	108,945	$	108,945		
					
Administrative Expenditures					
Supervisor Fees	0	0	0	Typically Non-Applicable First Few Years	
Management	26,100	26,100	26,856	CPI Adjustment	
Legal	13,310	20,000	18,000	Legal Fees	
Assessment Roll	4,000	10,000	10,000	No Change From 2024/2025 Budget	
Audit Fees	3,100	4,200	4,400	Fee Will Be Higher Due To Bond Issuance	
Arbitrage Rebate Fee	0	0	650	Will Commence In First Year After Bond Issue	
Insurance	6,758	8,000	8,000	Insurance Estimate	
Legal Advertisements	34,797	35,000	25,000	$10,000 Decrease From 2024/2025 Budget	
Miscellaneous	995	1,500	1,500	No Change From 2024/2025 Budget	
Postage	1,746	1,500	1,500	No Change From 2024/2025 Budget	
Office Supplies	1,580	750	750	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	Annual Dues Paid To Department Of Economic Opportunity	
Trustee Fees	0	4,500	4,500	Will Commence In First Year After Bond Issue	
Continuing Disclosure Fee	0	1,000	1,000	Will Commence In First Year After Bond Issue	
Dissemination Services	0	0	2,500	Required By Bond Underwriter	
Website Management	2,000	2,000	2,000	Website Management	
Administrative Contingency	0	67,725	75,619	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	94,561	$	182,450	$	182,450		
					
TOTAL EXPENDITURES	$	111,821	$	291,395	$	291,395		
					
REVENUES LESS EXPENDITURES	$	(31,673)	$	11,576	$	605,070		
					
Bond Payments	0	0	(557,885)	2026 P & I Payments	
					
BALANCE	$	(31,673)	$	11,576	$	47,185		
					
County Appraiser & Tax Collector Fee	0	(3,859)	(15,728)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	(7,717)	(31,457)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(31,673)	$	-	$	-		

Notes
Assessments For Non Platted Lots Will Be Direct Billed To Developer.
Per Developer Funding Agreement, Developer Responsible For Any Funding Shortages.

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 ANNUAL BUDGET	FISCAL YEAR 2025/2026 ANNUAL BUDGET	

COMMENTS	

Interest Income	
0	
0	
1,000	
Projected Interest For FY 2025/2026	

NAV Tax Collection	
0	
0	
557,885	
Maximum Debt Service Collection	

Total Revenues	
$	-	
$	-	
$	558,885		

EXPENDITURES					

Principal Payments	
0	
0	
125,000	
Principal Payment Due In 2026	

Interest Payments	
0	
0	
430,759	
Interest Payments Due In 2026	

Bond Redemption	
0	
-	
3,126	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	-	
$	558,885		

Excess/ (Shortfall)	
$	-	
$	-	
$	-		

Noter: Capitalized Interest Set-up Through November 2025.

Series 2018 Bond Refunding Information

Original Par Amount =	$8,370,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.375% - 5.375%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	December 2024			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2055

$8,370,000			

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

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

Administrative For Single Family	$	276.08	$	276.08	
Maintenance For Single Family	$	415.41	$	415.41	
Debt For Single Family	$	-		$	2,127.22	
Total For Single Family	$	691.49	$	2,818.71	

* Assessments Include the Following:	O&M Covenant = 691.49 4% Discount for Early Payments	 650.00/.94 = 691.49
1% County Tax Collector Fee 1% County Property Appraiser Fee

Community Information
Platted Lots (Assessment Area One)		789 Lots Single Family: 137 Alba Units	Planned For District
Single Family: 142 Aurora Units	510 Unplatted Lots Total: 279 Units