Keys Edge	
Community Development District	

Final Budget For	
Fiscal Year 2025/2026	
October 1, 2025 - September 30, 2026	

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL 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.	

6/16/2025 11:40 AM	I

DETAILED FINAL BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR	

COMMENTS	
	2023/2024	2024/2025	2025/2026		
	ACTUAL	BUDGET	BUDGET		
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.	

6/16/2025 11:40 AM	II

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

REVENUES	
FISCAL YEAR	
FISCAL YEAR	
FISCAL YEAR	

COMMENTS	
	2023/2024	2024/2025	2025/2026		
	ACTUAL	ANNUAL BUDGET	ANNUAL BUDGET		

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.

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

Series 2024 Bond Information	
$8,370,000	Annual Principal Payments Due =	
4.375% - 5.375%	Annual Interest Payments Due =	
December 2024		
May 2055		

May 1st	
May 1st & November 1st	

Par Amount As Of 1/1/25 =	$8,370,000	

III

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

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

Administrative For Single Family	
Maintenance For Single Family	
Debt For Single Family	
Total For Single Family	

$	276.08	
$	415.41	
 $	-		
$	691.49	

$	276.08	
$	415.41	
 $	2,127.22	
$	2,818.71	

* Assessments Include the Following:	
4% Discount for Early Payments	
1% County Tax Collector Fee	
1% County Property Appraiser Fee	

O&M Covenant = 691.49	
650.00/.94 = 691.49	

Community Information	
Platted Lots (Assessment Area One)	
Single Family: 137 Alba Units	
Single Family: 142 Aurora Units 	
Total: 279 Units	

789 Lots	
Planned For District	
510 Unplatted Lots	

6/16/2025 11:40 AM	III