Keys Edge Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET (2024)

IV

DETAILED FINAL DEBT SERVICE FUND BUDGET (2026)

V

ASSESSMENT COMPARISON

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

Notes
Per Developer Funding Agreement, Developer Responsible For Any Funding Shortages.

I

8/18/2026 3:48 PM

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

148,343

Maintenance Assessments

144,149

Developer Contribution

0

Debt Assessments (2024)

593,494

Debt Assessments (2026)

260,425

Other Revenues

0

Interest Income

480

TOTAL REVENUES

$	1,146,891

EXPENDITURES

Maintenance Expenditures

Engineering

20,000

Field Operations

1,500

Street/Roadway Maintenance/Signage

3,000

Common Area Maintenance (Alba, Aurora & Centro)

24,000

Entry Feature Maintenance

18,000

Landscaping

12,000

Lawn Maintenance

30,000

Storm Drainage/Class V Permit

3,500

Maintenance Contingency

23,500

TOTAL MAINTENANCE EXPENDITURES

$	135,500

Administrative Expenditures

Supervisor Fees

0

Management

27,576

Legal

18,000

Assessment Roll

10,000

Audit Fees

5,500

Arbitrage Rebate Fee

1,300

Insurance

8,200

Legal Advertisements

20,000

Miscellaneous

1,500

Postage

1,500

Office Supplies

750

Dues & Subscriptions

175

Trustee Fees

9,000

Continuing Disclosure Fee

2,000

Dissemination Services

2,500

Website Management

2,000

Administrative Contingency

29,921

TOTAL ADMINISTRATIVE EXPENDITURES

$	139,922

TOTAL EXPENDITURES

$	275,422

REVENUES LESS EXPENDITURES

$	871,469

Bond Payments (2024)

(557,885)

Bond Payments (2026)

(244,800)

BALANCE

$	68,784

County Appraiser & Tax Collector Fee

(22,928)

Discounts For Early Payments

(45,856)

EXCESS/ (SHORTFALL)

$	-

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

Notes
Per Developer Funding Agreement, Developer Responsible For Any Funding Shortages.

II

8/18/2026 3:48 PM

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

Administrative Assessments

78,213

77,022

148,343

For 279 Phase 1 & 144 Phase 2 Lots - Expenditures Less Interest/.94

Maintenance Assessments

115,900

115,899

144,149

For 279 Phase 1 & 144 Phase 2 Lots - Expenditures/.94

Developer Contribution

27,481

109,810

0

For Expenditures Funded By Developer

Debt Assessments (2024)

0

593,494

593,494

Bond Payments/.94

Debt Assessments (2026)

0

0

260,425

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

$	1,146,891

EXPENDITURES

Maintenance Expenditures

Engineering

2,098

20,000

20,000

No Change From 2025/2026 Budget

Field Operations

0

0

1,500

Field Operations

Street/Roadway Maintenance/Signage

0

3,000

3,000

No Change From 2025/2026 Budget

Common Area Maintenance (Alba, Aurora & Centro)

0

24,000

24,000

No Change From 2025/2026 Budget

Entry Feature Maintenance

0

12,000

18,000

No Change From 2025/2026 Budget

Landscaping

0

12,000

12,000

Landscaping

Lawn Maintenance

15,400

15,000

30,000

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

23,500

Maintenance Contingency

TOTAL MAINTENANCE EXPENDITURES

$	18,898

$	108,945

$	135,500

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

1,300

Adjusted For Second Bond Issue

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

9,000

Adjusted For Second Bond Issue

Continuing Disclosure Fee

0

1,000

2,000

Adjusted For Second Bond Issue

Dissemination Services

0

2,500

2,500

Required By Bond Underwriter-Adjusted For 2nd Bond Issue

Website Management

2,000

2,000

2,000

Website Management

Administrative Contingency

31,330

75,619

29,921

Administrative Contingency

TOTAL ADMINISTRATIVE EXPENDITURES

$	92,813

$	182,450

$	139,922

TOTAL EXPENDITURES

$	111,711

$	291,395

$	275,422

REVENUES LESS EXPENDITURES

$	144,896

$	605,070

$	871,469

Bond Payments (2024)

0

(557,885)

(557,885)

2027 P & I Payments

Bond Payments (2026)

0

0

(244,800)

2027 P & I Payments

BALANCE

$	144,896

$	47,185

$	68,784

County Appraiser & Tax Collector Fee

(1,884)

(15,728)

(22,928)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(5,366)

(31,457)

(45,856)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	137,646

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2024)
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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

$	-

$	-

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

Note: Capitalized Interest Set-up Through November 2026.

Series 2026 Bond Information

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

$3,515,000 4.65-5.80%
August 2026
May 2056

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 8/26/26 =

$3,515,000

IV

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 ANNUAL BUDGET

FISCAL YEAR 2026/2027 ANNUAL BUDGET

COMMENTS

Interest Income

0

0

1,000

Projected Interest For FY 2026/2027

NAV Tax Collection

0

0

244,800

Maximum Debt Service Collection

Bond Proceeds

0

0

0

Total Revenues

$	-

$	-

$	245,800

EXPENDITURES

Principal Payments

0

0

50,000

Principal Payment Due In 2027

Interest Payments

0

0

191,225

Interest Payments Due In 2027

Bond Redemption

0

-

4,575

Estimated Excess Debt Collections

Total Expenditures

$	-

$	-

$	245,800

Excess/ (Shortfall)

$	-

$	-

$	-

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 (Alba & Aurora)
Maintenance For Single Family (Alba & Aurora) Debt For Single Family (Alba & Aurora)
Total For Single Family

$
$

276.08
415.41

$
$

276.08
415.41

$
$

350.70
340.79

 $	- 

 $	2,127.22

 $	2,127.22

$

691.49

$

2,818.71

$

2,818.71

Administrative For Townhomes (Centro)
Maintenance For Townhomes (Centro) Debt For Townhomes (Centro)
Total For Townhomes (Centro)

$
$

-
-

$
$

-
-

$
$

350.70
340.79

 $	- 

 $	- 

 $	1,808.51

$

-

$

-

$

2,500.00

* 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

Area One: 279 Units
  Area Two: 144 Units 
Total Units: 423 Units

789 Lots Planned For District
366 Unplatted Lots

Platted Lots (Assessment Area Two)
Centro

Townhomes: 144 Units
Total: 144 Units

V

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