Cypress Ridge Community Development District Proposed Budget FY2025 1 2-5 6-7 Table of Contents General Fund General Fund Narrative Debt Service Series 2023 Adopted Actuals Projected Description FBYu2d0g2e4t 2/T2h9r/u24 7 MNeoxntt hs P9r/oT3jhe0rc/ute2d4 PFBrYou2pd0ogs2ee5td Revenues Developer Contributions $ 252,951 $ 20,000 $ 76,896 $ 96,896 $ 310,254 Total Revenues $ 252,951 $ 20,000 $ 76,896 $ 96,896 $ 310,254 Expenditures General & Administrative Supervisor Fees 12,000 $ 600 $ 1,200 $ 1,800 $ 12,000 $ Engineering 15,000 $ - $ 2,500 $ 2,500 $ 15,000 $ Attorney 25,000 $ 2,389 $ 7,500 $ 9,889 $ 25,000 $ Annual Audit 5,000 $ - $ 3,500 $ 3,500 $ 5,000 $ Assessment Administration 5,000 $ - $ - $ - $ 5,000 $ Arbitrage 900 $ - $ 450 $ 450 $ 900 $ Dissemination 6,000 $ 2,083 $ 2,917 $ 5,000 $ 5,250 $ Trustee Fees 8,020 $ - $ 3,960 $ 3,960 $ 8,020 $ Management Fees 37,100 $ 15,458 $ 21,642 $ 37,100 $ 38,955 $ Information Technology 1,800 $ 750 $ 1,050 $ 1,800 $ 1,890 $ Website Maintenance 1,200 $ 500 $ 700 $ 1,200 $ 1,260 $ Postage & Delivery 600 $ 15 $ 20 $ 35 $ 600 $ Insurance 6,181 $ 5,590 $ - $ 5,590 $ 6,429 $ Copies 850 $ 2 $ 100 $ 102 $ 850 $ Legal Advertising 7,500 $ 1,158 $ 1,621 $ 2,779 $ 7,500 $ Contingency 5,000 $ 379 $ 531 $ 911 $ 5,000 $ Office Supplies 625 $ 6 $ 100 $ 106 $ 625 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 137,951 $ 29,105 $ 47,791 $ 76,896 $ 139,454 $ Operation and Maintenance Expenses Field Management - $ - $ - $ - $ 15,000 $ Property Insurance 10,000 $ - $ - $ - $ 12,000 $ Landscape Maintenance - $ - $ - $ - $ 45,800 $ Landscape Replacement - $ - $ - $ - $ 15,000 $ Lake Maintenance - $ - $ - $ - $ 12,000 $ Streetlights - $ - $ - $ - $ 35,000 $ Electric - $ - $ - $ - $ 5,000 $ Water & Sewer - $ - $ - $ - $ 3,500 $ Sidewalk & Asphalt Maintenance - $ - $ - $ - $ 2,500 $ Irrigation Repairs - $ - $ - $ - $ 7,500 $ Field Repairs and Maintenance - $ - $ - $ - $ 10,000 $ Field Contingency 100,000 $ - $ 20,000 $ 20,000 $ 7,500 $ Total Field Expenses 110,000 $ - $ 20,000 $ 20,000 $ 170,800 $ Expenses Amenity Management 5,000 $ - $ - $ - $ - $ Total Amenity Expenses 5,000 $ - $ - $ - $ - $ Total Expenditures 252,951 $ 29,105 $ 67,791 $ 96,896 $ 310,254 $ Excess Revenues/(Expenditures) - $ (9,105) $ 9,105 $ - $ - $ Community Development District Cypress Ridge Proposed Budget General Fund Cypress Ridge Community Development District General Fund Budget Revenues: Developer Contributions The District will enter into a funding agreement with the Developer expenditures for the Fiscal Year. to fund the General Fund Expendi tures: General & Administrative: Supervisor Fees $C4h,a8p0t0e rp 1e9r 0y,e Falro priadiad Stota etuactehs S, ualploewrvsi sfoorr feoarc hth Beo taimrde m deevmobteedr ttoo rDeicsetirvicet $ b2u0s0in peesrs manede tminege, tninogt sto. exceed Engineering opTfrh eSepu apDreiasrttv iroiiscnot r'fsos rae mnndgo itnnhteehe lDry ibsptorroaicrvtdi dM measen egateginnegres.r ,a rle veniegwin ienevroinicge ss aenrvdi cveasr iotou st hpero jDeicsttsr iacst ,d ier.egc. taetdt ebnyd tahnec Be oaanrdd Attorney fSTouhrpe e mDriveseitstroiincrtsg' ssa, n lepdgr atehlp ceao Druaintsistorenilc pta rMnodav nidraeegvse igre.ew n eorfa la lgergeael mseernvticse, sr etos othluet Dioinstsr, icett,c e. .ga.s a tdtiernedcatendc eb ayn dth per eBpoaarradti oonf oATnnh nea unDa ials nAt rnuiucdati tli sb aresiqsu. ired by Florida Statutes to arrange for an independent audit of its financial records aATsshsseee ssDssmiasbte rlneitc ptA rdwompileiln rcitosytn rwtaritatihocitnn t oth lee Dvyis tarnicdt .a dminister the collection of non-ad valorem assessment on all Arbitrage TDhiset rDicits’ts r Aicrtb witrilalg ceo Rnetrbaactte wLiiatbhi laitny ionnd tehpee Snedreinest 2ce0r2t3if iSepde cpiuabl Alics saecscsomuenntta nRte vteon aunen Buoanlldys .c alculate the aTDwnhihstesiic ceDhimpi rsianett raleaidtctit eob sinos t norde a qidsusdiuriteaidno ncbeay.l trheep oSretcinugri trye qaunidre Emxechnatsn fgoer Cuonmramteisds bioonn dto i scsoumeps.l yT hwisit hco Rstu ilse b1a5sce2d- 1u2p(obn)( a5n) Cypress Ridge Community Development District General Fund Budget TTrhues Dteies tFreicets will incur trustee related costs with the Series 2023 Special Assessment Revenue Bonds. Management Fees pnTArohgetre pe Daelirmmiasettirtinoeictdn tw , ratietlolhc , fe iGinrvoeaevcnsoec rrMidnalaim nrngeea npgtoaearnmlt dsMe ,n aattrnn, anaAngucseaccmlor aiuepunntdtitoii nStnseg ,r eaovtnifcc d.e b sAo-Cadremdni tnrmiaslet rFealtotinirvgieds a,s , eaLrdLvmCic.i eTnsih saets rs aeptriavvreitc eossfe iarnv cMilcuaedns,ea gbbeuumtd aegrneett fIcRrnoeafnpoufrrdeme rpseaerntnoicottiesnn c gcTt oiseosecntrhs,v n airoccelceolosag,ut yecn ldtoi untodg ssthotofetr waDgaiesrt esr,ei tcratv’bsilc eeintssf oafonrmrd m asteeiroevntei nrsgsy,s sp,t Aoemdsiotsib,v ewe, Mphaiicychr i omisnopcfllteu mOdefef inbcteua,t te iaotcrn.e a nnodt plrimogirteadm mtoi nvgid feoor Website Maintenance sabRecaecccpuokrrruedipstayesn n,a cetnestdc w.t hfiierthe cw Coahsltals pm taeasrisn o1tce8ina9at, enFdcl oewr, iuidtpahd Samttaeotsnu, itdteoosrc.i unTmgh eeasnnetd su epmrlvoaiiacndetssa, i inhniocnslgut idntehg e sa intDedi s pdteroirmcftoa’sri mnw arenebncseei wtaesa slcser,s ewsamteebedsn ititsne, Postage & Delivery cTohrer eDspisotnridcet nicnec, uertsc . charges for mailing of Board meeting agenda packages, overnight deliveries, Insurance The District’s general liability and public official’s liability insurance coverages. Copies ePnrivnetlionpge asn, edt cB.i nding agenda packages for board meetings, printing of computerized checks, stationary, Legal Advertising aT hnee wDissptaripcet ri so rf egqeunierreadl tcoir acduvlaetriotinse. various notices for monthly Board meetings, public hearings, etc. in CBoanntki ncgheanrcgye s and any other miscellaneous expenses incurred during the year. Office Supplies lAanbye lssu, pppaplieers cthliapts m, eatcy. need to be purchased during the fiscal year, e.g., paper, minute books, file folders, Cypress Ridge Community Development District General Fund Budget Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Florida Department $175. This is the only expense under this category for the District. of Economic Opportunity for Operations & Maintenance: Field Expenses Field Management aRmceacpionruetnesnetsna, ntasct etteh. neSd ce orBvsotiac ferodsr moinnecseliuttiedn efgi seo ladnn smdit areen cianegsievpmee ecatnnitod no rfse ,cs opmnoetnredat ictntosg psf orwor ptithehre t Dyc oiosnwttrrniacetcr ts opurhcsho, n ames oclananliltdso sarcinnadpg eeo mafn aduilt slia.l i k tye Property Insurance sTpheec iDaliisztersic itn’s p rporvoipdeinrtgy i nisnusruarnacnec ec ocvoevraegraeg teo giso vperronvmideendta lb ayg eFnlcoireisd.a Insurance Alliance (FIA). FIA saLRenaerdnpvd riiersccresaiesgp nianetts ciMo ltunahd ieinen t esmespntoeaiwmcnticianoetgne ,ds e. dcgoisnt gp, rtroivmidmei nfogr, wmeaeidn taennda dnicsee aosfe t choen ltarnodl,s fcearptiilnizga twioitnh, ipne stht eco Dnitsrtorli,c pt.r uTnhiensge, LRaenpdrescsaepnets R tehpel aecsetimmeantte d cost of replacing landscaping within the common areas of the District. Lake Maintenance bRreupsrhe saenndt sv ethgee teasttiiomn actoendt rcools. t for the care and maintenance of its lakes which includes shoreline grass, Streetlights pRleapcree tshernotus gthhoeu cto tshte t foi smcaali nyetaairn. street lights within the District Boundaries that are expected to be in Electric Represents current and estimated electric charges of common areas throughout the District. Water & Sewer tRherporuegsheonutst tchuer rDeinsttr iacnt.d estimated costs for water and refuse services provided for common areas Cypress Ridge Community Development District General Fund Budget Sidewalk & Asphalt Repairs Represents the cost of maintaining and repairing the sidewalks and asphalt Boundary. throughout the District’s Irrigation Repairs iRreripgraetsioennt ws tehlles .c ost of maintaining and repairing the irrigation system. This includes the sprinklers, and cFRaieenpl drin eRcseleupndateisr spe sr&te iMsmsauaitrneetd ew ncaaosnshtcisen fgo,r a gnedn reerpaal irresp taoi rfes nacneds ,m maoinnutemneanntcse, loifg hthtien Dg iasntrdi cott’sh ecro masmseotns. areas. These General Field Contingency fRieelpdr ecasetengtos rfyu.n ds allocated to expenses that the District could incur throughout the fiscal year for any Cypress Ridge Community Development District Proposed Budget Series 2023 Debt Service Fund Proposed Actuals Projected Description FBYu2d0g2e4t 2/T2h9r/u24 7 MNeoxntt hs P9r/oT3jhe0rc/ut2ed4 PFBrYou2pd0og2see5td ICARnsaetsrveerersynes Fsmutoeersnwtasr -d D Siurer cptlus $$$ 19 12 34 ,, 29 -3868 $$$ 1 02 05 ,, 55 -8477 $$$ 9 1 35 ,, 20 -3080 $$$ 19 013030,,,255384787 $$$ 39 17 03 ,, 25 -3728 Total Revenues $ 1,038,224 $ 126,133 $ 918,238 $ 1,044,371 $ 1,283,810 Expenditures IIPnnrttineerrceeipssatt lEE Exxxpppeeennnsseese -- -15 5/1/11 $$$ 113268048,,,089018036 $$$ 1 2 4 , 9 --86 $$$ 13 68 08 ,, -0103 $$$ 113268048,,,089018036 $$$ 133668445,,,044022055 Total Expenditures $ 673,799 $ 124,986 $ 548,813 $ 673,799 $ 913,850 Excess Revenues/(Expenditures) $ 364,425 $ 1,147 $ 369,425 $ 370,572 $ 369,960 Interest Expense 11/1/25 $ 359,716 Total $ 359,716 Cypress Ridge Community Development District Series 2023 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/23 13,000,000.00 $ - $ 124,986.46 $ 124,986.46 $ 05/01/24 13,000,000.00 $ 180,000.00 $ 368,812.50 $ 11/01/24 12,820,000.00 $ - $ 364,425.00 $ 913,237.50 $ 05/01/25 12,820,000.00 $ 185,000.00 $ 364,425.00 $ 11/01/25 12,635,000.00 $ - $ 359,915.63 $ 909,340.63 $ 05/01/26 12,635,000.00 $ 195,000.00 $ 359,915.63 $ 11/01/26 12,440,000.00 $ - $ 355,162.50 $ 910,078.13 $ 05/01/27 12,440,000.00 $ 205,000.00 $ 355,162.50 $ 11/01/27 12,235,000.00 $ - $ 350,165.63 $ 910,328.13 $ 05/01/28 12,235,000.00 $ 215,000.00 $ 350,165.63 $ 11/01/28 12,020,000.00 $ - $ 344,925.00 $ 910,090.63 $ 05/01/29 12,020,000.00 $ 225,000.00 $ 344,925.00 $ 11/01/29 11,795,000.00 $ - $ 339,440.63 $ 909,365.63 $ 05/01/30 11,795,000.00 $ 240,000.00 $ 339,440.63 $ 11/01/30 11,555,000.00 $ - $ 333,590.63 $ 913,031.25 $ 05/01/31 11,555,000.00 $ 250,000.00 $ 333,590.63 $ 11/01/31 11,305,000.00 $ - $ 326,559.38 $ 910,150.00 $ 05/01/32 11,305,000.00 $ 265,000.00 $ 326,559.38 $ 11/01/32 11,040,000.00 $ - $ 319,106.25 $ 910,665.63 $ 05/01/33 11,040,000.00 $ 280,000.00 $ 319,106.25 $ 11/01/33 10,760,000.00 $ - $ 311,231.25 $ 910,337.50 $ 05/01/34 10,760,000.00 $ 295,000.00 $ 311,231.25 $ 11/01/34 10,465,000.00 $ - $ 302,934.38 $ 909,165.63 $ 05/01/35 10,465,000.00 $ 315,000.00 $ 302,934.38 $ 11/01/35 10,150,000.00 $ - $ 294,075.00 $ 912,009.38 $ 05/01/36 10,150,000.00 $ 335,000.00 $ 294,075.00 $ 11/01/36 9,815,000.00 $ - $ 284,653.13 $ 913,728.13 $ 05/01/37 9,815,000.00 $ 350,000.00 $ 284,653.13 $ 11/01/37 9,465,000.00 $ - $ 274,809.38 $ 909,462.50 $ 05/01/38 9,465,000.00 $ 370,000.00 $ 274,809.38 $ 11/01/38 9,095,000.00 $ - $ 264,403.13 $ 909,212.50 $ 05/01/39 9,095,000.00 $ 395,000.00 $ 264,403.13 $ 11/01/39 8,700,000.00 $ - $ 253,293.75 $ 912,696.88 $ 05/01/40 8,700,000.00 $ 415,000.00 $ 253,293.75 $ 11/01/40 8,285,000.00 $ - $ 241,621.88 $ 909,915.63 $ 05/01/41 8,285,000.00 $ 440,000.00 $ 241,621.88 $ 11/01/41 7,845,000.00 $ - $ 229,246.88 $ 910,868.75 $ 05/01/42 7,845,000.00 $ 465,000.00 $ 229,246.88 $ 11/01/42 7,380,000.00 $ - $ 216,168.75 $ 910,415.63 $ 05/01/43 6,885,000.00 $ 495,000.00 $ 216,168.75 $ 11/01/43 6,885,000.00 $ - $ 202,246.88 $ 913,415.63 $ 05/01/44 6,885,000.00 $ 520,000.00 $ 202,246.88 $ 11/01/44 6,365,000.00 $ - $ 186,971.88 $ 909,218.75 $ 05/01/45 6,365,000.00 $ 555,000.00 $ 186,971.88 $ 11/01/45 5,810,000.00 $ - $ 170,668.75 $ 912,640.63 $ 05/01/46 5,810,000.00 $ 585,000.00 $ 170,668.75 $ 11/01/46 5,225,000.00 $ - $ 153,484.38 $ 909,153.13 $ 05/01/47 5,225,000.00 $ 620,000.00 $ 153,484.38 $ Cypress Ridge Community Development District Series 2023 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/47 4,605,000.00 $ - $ 135,271.88 $ 908,756.25 $ 05/01/48 4,605,000.00 $ 660,000.00 $ 135,271.88 $ 11/01/48 3,945,000.00 $ - $ 115,884.38 $ 911,156.25 $ 05/01/49 3,945,000.00 $ 700,000.00 $ 115,884.38 $ 11/01/49 3,245,000.00 $ - $ 95,321.88 $ 911,206.25 $ 05/01/50 3,245,000.00 $ 740,000.00 $ 95,321.88 $ - $ 11/01/50 2,505,000.00 $ - $ 73,584.38 $ 908,906.25 $ 05/01/51 2,505,000.00 $ 785,000.00 $ 73,584.38 $ - $ 11/01/51 1,720,000.00 $ - $ 50,525.00 $ 909,109.38 $ 05/01/52 1,720,000.00 $ 835,000.00 $ 50,525.00 $ - $ 11/01/52 885,000.00 $ - $ 25,996.88 $ 911,521.88 $ 05/01/53 885,000.00 $ 885,000.00 $ 25,996.88 $ 910,996.88 $ 13,000,000.00 $ 14,445,167.71 $ 27,445,167.71 $