Keys Edge Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET - SERIES 2024

AMENDED FINAL BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

9/16/2025 8:49 AM

$8,781

$107,462

$116,243

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

ADMINISTRATIVE ASSESSMENTS

77,027

78,213

78,213

MAINTENANCE ASSESSMENTS

115,899

115,900

115,900

DEVELOPER CONTRIBUTION

109,925

27,481

27,481

DEBT ASSESSMENTS

0

0

0

OTHER REVENUE - EXTRAORDINARY

0

31,332

31,332

INTEREST INCOME

120

3,246

3,246

TOTAL REVENUES

$	302,971

$	256,172

$	256,172

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

0

0

0

MANAGEMENT

26,100

26,100

23,925

LEGAL

20,000

10,000

7,629

ASSESSMENT ROLL

10,000

10,000

0

AUDIT FEES

4,200

3,200

3,200

ARBITRAGE REBATE FEE

0

650

0

INSURANCE

8,000

7,028

7,028

LEGAL ADVERTISING

35,000

3,000

2,038

MISCELLANEOUS

1,500

1,500

722

MISCELLANEOUS - EXTRAORDINARY

0

31,332

31,332

POSTAGE

1,500

400

367

OFFICE SUPPLIES

750

475

413

DUES & SUBSCRIPTIONS

175

175

175

TRUSTEE FEES

4,500

4,500

0

CONTINUING DISCLOSURE FEE

1,000

1,000

0

WEBSITE MANAGEMENT

2,000

2,000

1,833

ADMINISTRATIVE CONTINGENCY

67,725

10,000

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	182,450

$	111,360

$	78,662

MAINTENANCE EXPENDITURES

ENGINEERING/INSPECTIONS

5,000

2,100

1,548

STREET/ROADWAY MAINTENANCE/SIGNAGE

3,000

1,000

0

COMMON AREA MAINTENANCE

24,000

1,000

0

ENTRY FEATURE MAINTENANCE

12,000

1,000

0

MAINTENANCE CONTINGENCY (INCLUDES LANDSCAPING)

64,945

25,000

12,600

TOTAL MAINTENANCE EXPENDITURES

$	108,945

$	30,100

$	14,148

TOTAL EXPENDITURES

$	291,395

$	141,460

$	92,810

REVENUES LESS EXPENDITURES

$	11,576

$	114,712

$	163,362

BOND PAYMENTS

0

0

0

BALANCE

$	11,576

$	114,712

$	163,362

COUNTY APPRAISER & TAX COLLECTOR FEE

(3,859)

(1,884)

(1,884)

DISCOUNTS FOR EARLY PAYMENTS

(7,717)

(5,366)

(5,366)

EXCESS/ (SHORTFALL)

$	-

$	107,462

$	156,112

CARRYOVER FROM PRIOR YEAR

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	107,462

$	156,112

AMENDED FINAL BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2024
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $56,754*. Interest Account Balance = $225,746*. Interest Account To Be Used To Make 11/1/2025 Interest Payment Of $216,747. Capitalized Interest Was Set-Up Through November 2025.
Capital Projects Bond Proceeds = $7,921,659. Total Bond Proceeds = $8,370,000. FY 2024/2025 Cost Of Issuance = $410,942.
Fiscal Year 2024/2025 Capital Outlay = $7,518,578*.
* Approximate Amounts

Series 2024 Bond Information

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

$8,370,000 4.375% - 5.375%
December 2024
May 2055

Annual Principal Payments Due: May 1st
Annual Interest Payments Due:
May 1st & November 1st

Par Amount As Of 9/30/25 =

$8,370,000

II

$0

$282,500

$282,500

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2023/2024 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/23 - 8/31/25

Interest Income

0

10,900

10,773

Bond Proceeds (Debt Service)

0

448,341

448,341

NAV Assessment Collection

0

0

0

Transfer From Construction Account

0

1,065

1,065

Developer Contribution - Debt

0

0

0

Total Revenues

$	-

$	460,306

$	460,179

EXPENDITURES

Principal Payments

0

0

0

Interest Payments

0

175,806

175,806

Bond Redemption

0

0

0

Transfer To Construction Account

0

2,000

607

Total Expenditures

$	-

$	177,806

$	176,413

Excess/ (Shortfall)

$	-

$	282,500

$	283,766