Keys Edge Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Notes
Assessments For Non Phase 1 Lots Will Be Direct Billed To Developer.
Per Developer Funding Agreement, Developer Responsible For Any Funding Shortages.

I

5/18/2026 10:17 AM

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

77,022

Maintenance Assessments

115,899

Developer Contribution

109,810

Debt Assessments

593,494

Other Revenues

0

Interest Income

480

TOTAL REVENUES

$	896,705

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

16,000

Storm Drainage/Class V Permit

3,500

Maintenance Contingency

18,445

TOTAL MAINTENANCE EXPENDITURES

$	108,945

Administrative Expenditures

Supervisor Fees

0

Management

27,576

Legal

18,000

Assessment Roll

10,000

Audit Fees

5,500

Arbitrage Rebate Fee

650

Insurance

8,200

Legal Advertisements

20,000

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

78,839

TOTAL ADMINISTRATIVE EXPENDITURES

$	182,690

TOTAL EXPENDITURES

$	291,635

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)

$	-

DETAILED PROPOSED BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Notes
Assessments For Non Phase 1 Lots Will Be Direct Billed To Developer.
Per Developer Funding Agreement, Developer Responsible For Any Funding Shortages.

II

5/18/2026 10:17 AM

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

Administrative Assessments

78,213

77,022

77,022

For 279 Phase 1 Lots - Expenditures Less Interest /.94

Maintenance Assessments

115,900

115,899

115,899

For 279 Phase 1 Lots - Expenditures Less Interest /.94

Developer Contribution

27,481

109,810

109,810

For Expenditures Funded By Developer

Debt Assessments

0

593,494

593,494

Bond Payments/.94

Other Revenues

31,332

0

0

Interest Income

3,681

240

480

Interest Projected At $40 Per Month

TOTAL REVENUES

$	256,607

$	896,465

$	896,705

EXPENDITURES

Maintenance Expenditures

Engineering

2,098

20,000

20,000

No Change From 2025/2026 Budget

Street/Roadway Maintenance/Signage

0

3,000

3,000

No Change From 2025/2026 Budget

Common Area Maintenance (Alba & Aurora)

0

24,000

24,000

No Change From 2025/2026 Budget

Entry Feature Maintenance

0

12,000

12,000

No Change From 2025/2026 Budget

Landscaping

0

12,000

12,000

Landscaping

Lawn Maintenance

15,400

15,000

16,000

FY 25/26 Expenditure Through March 26 Was $8,921

Storm Drainage/Class V Permit

0

3,500

3,500

Storm Drainage/Class V Permit

Maintenance Contingency

1,400

19,445

18,445

Maintenance Contingency

TOTAL MAINTENANCE EXPENDITURES

$	18,898

$	108,945

$	108,945

Administrative Expenditures

Supervisor Fees

0

0

0

Typically Non-Applicable First Few Years

Management

26,100

26,856

27,576

CPI Adjustment

Legal

9,429

18,000

18,000

No Change From 2025/2026 Budget

Assessment Roll

10,000

10,000

10,000

No Change From 2025/2026 Budget

Audit Fees

3,200

4,400

5,500

Fee Will Be Higher Due To Second Bond Issuance

Arbitrage Rebate Fee

0

650

650

No Change From 2025/2026 Budget

Insurance

7,028

8,000

8,200

FY 25/26 Expenditure Was $7,450

Legal Advertisements

2,038

25,000

20,000

$5,000 Decrease From 2025/2026 Budget

Miscellaneous

723

1,500

1,500

No Change From 2025/2026 Budget

Postage

374

1,500

1,500

No Change From 2025/2026 Budget

Office Supplies

416

750

750

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

Annual Dues Paid To Department Of Economic Opportunity

Trustee Fees

0

4,500

4,500

No Change From 2025/2026 Budget

Continuing Disclosure Fee

0

1,000

1,000

No Change From 2025/2026 Budget

Dissemination Services

0

2,500

2,500

Required By Bond Underwriter

Website Management

2,000

2,000

2,000

Website Management

Administrative Contingency

31,330

75,619

78,839

Administrative Contingency - Will Cover Expenditures For Posssible 2nd Bond

TOTAL ADMINISTRATIVE EXPENDITURES

$	92,813

$	182,450

$	182,690

TOTAL EXPENDITURES

$	111,711

$	291,395

$	291,635

REVENUES LESS EXPENDITURES

$	144,896

$	605,070

$	605,070

Bond Payments

0

(557,885)

(557,885)

2027 P & I Payments

BALANCE

$	144,896

$	47,185

$	47,185

County Appraiser & Tax Collector Fee

(1,884)

(15,728)

(15,728)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(5,366)

(31,457)

(31,457)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	137,646

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Noter: Capitalized Interest Set-up Through November 2025.

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 =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$8,370,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 ANNUAL BUDGET

FISCAL YEAR 2026/2027 ANNUAL BUDGET

COMMENTS

Interest Income

11,795

1,000

1,200

Projected Interest For FY 2026/2027

NAV Tax Collection

0

557,885

557,885

Maximum Debt Service Collection

Bond Proceeds

448,341

0

0

Total Revenues

$	460,136

$	558,885

$	559,085

EXPENDITURES

Principal Payments

0

125,000

130,000

Principal Payment Due In 2027

Interest Payments

175,806

430,759

425,181

Interest Payments Due In 2027

Bond Redemption

0

3,126

3,904

Estimated Excess Debt Collections

Total Expenditures

$	175,806

$	558,885

$	559,085

Excess/ (Shortfall)

$	284,330

$	-

$	-

KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
 Projected Assessment* 

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

$
$

276.08
415.41

$
$

276.08
415.41

$
$

276.08
415.41

 $	- 

 $	2,127.22

 $	2,127.22

$

691.49

$

2,818.71

$

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

III

5/18/2026 10:17 AM