Cypress Ridge Community Development District

Meeting Agenda July 9, 2026

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Cypress Ridge
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
July 2, 2026

Board of Supervisors Meeting
Cypress Ridge Community Development District
Dear Board Members:

A meeting of the Board of Supervisors of the Cypress Ridge Community Development District will be held Thursday, July 9, 2026 at 1:45 PM at the Hampton Inn Plant City, 2702 Thonotosassa Rd, Plant City, FL 33563.

Zoom Video Link: https://us06web.zoom.us/j/82216788167
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 822 1678 8167

Following is the advance agenda for the meeting:

Board of Supervisors Meeting
Roll Call
Public Comment Period (Public Comments will be limited to three (3) minutes each)
Approval of Minutes of the June 11, 2026 Board of Supervisors Meeting
Public Hearing
Public Hearing on the Adoption of the Fiscal Year 2026/2027 Budget
Consideration of Resolution 2026-09 Adopting the District’s Fiscal Year 2026/2027 Budget and Appropriating Funds
Consideration of Resolution 2026-10 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Fiscal Year 2026/2027 Budget Deficit Funding Agreement
Consideration of Resolution 2026-11 Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2026/2027
Consideration of Proposals from Current Demands (provided to Board of Supervisors under separate cover for confidentiality purposes)
Proposal for Camera System Conversion & Installation of 2 Additional Cameras and Overnight Monitoring System
Proposal for Monthly Fee for Overnight Monitoring Services
Goals and Objectives
Adoption of Fiscal Year 2027 Goals & Objectives
Review of Approved Fiscal Year 2026 Goals & Objectives and Authorizing Chair to Execute Final Form
Staff Reports
Attorney
Engineer
Field Manager’s Report (to be provided under separate cover)
Consideration of Proposals for Landscape Maintenance Services

Addendum to Current Landscape Maintenance Contract with Cardinal Landscaping
Proposal from Prince and Sons for Services (to be provided under separate cover)
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

MINUTES

MINUTES OF MEETING CYPRESS RIDGE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Cypress Ridge Community Development District was held Thursday, June 11, 2026 at 2:01 p.m. at the Hampton Inn Plant City, 2702 Thonotosassa Rd, Plant City, Florida.

Present and constituting a quorum:

Milton Andrade by Zoom	Chairman
Garret Parkinson	Vice Chairman
Brian Walsh	Assistant Secretary
Kareyann Ellison	Assistant Secretary
Brent Elliott	Assistant Secretary

Also present were:

Jill Burns	District Manager, GMS
Patrick Collins	District Counsel, KVW Law
Joel Blanco	Field Manager, GMS
Marshall Tindall	Field Manger, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 2:01 p.m. and called the roll. Four Supervisors were present constituting a quorum and one Supervisor joined by Zoom.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated that there were no members of the public present at the meeting, and none joining by Zoom.

THIRD ORDER OF BUSINESS	Approval of Minutes of April 9, 2026
Board of Supervisors Meeting
Ms. Burns presented the minutes of the April 9, 2026 meeting and asked for any comments, corrections, or changes. The Board had no changes.

June 11, 2026	Cypress Ridge CDD

On MOTION by Mr. Walsh, seconded by Mr. Elliott, with all in favor, the Minutes of April 9, 2026 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	CLOSED SECURITY SESSION
Consideration of Proposals from Nation Security Patrol Services (provided to Board of Supervisors under separate cover for confidentiality purposes)
*This item was moved to the end of the meeting.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Collins had nothing to report.

Engineer
The District Engineer was not present, the next item followed.

Field Manager’s Report
Mr. Tindall presented the field manager’s report. He reviewed the contracted services. He noted GMS staff performed thorough reviews of contracted services. He also noted they are working on strengthening services with the landscaping vendor after the end of the late spring, rainy season. He stated they are scheduling the approved tree replacement and main entry mulch with the landscaping vendor. He noted the janitorial vendors have reported an increase of love bugs and its associated challenges. He also stated the pool vendor has reported some vandalism to the chair lift, which has been resolved. He reviewed the in progress items, which include completing some unfinished items at the amenity center including fixture repairs, maintenance contracts, and signage. He stated they are assessing conveyance and punch list items for some of the newer tracts. Lastly, he noted they are monitoring the new playground area off of Scenic Park Road as it comes online.

Consideration of Proposal for Landscaping Contract Addendum
Mr. Tindall presented a proposal for the landscaping contract addendum. Ms. Burns reminded the Board that the landscape vendor agreed to hold their price through the end of the fiscal year. After discussion, the Board decided to table this proposal and go back to the vendor to remind them that they agreed to hold their price for all the tracts through the end of the fiscal year,

June 11, 2026	Cypress Ridge CDD

which is September. Ms. Burns stated that this vendor can present an updated contract to the Board for consideration for approval in July for October 2026.

Consideration of Proposal for Removal and Replacement of Two (2) Dead Trees
Mr. Tindall presented a proposal for removal and replacement of two dead trees. The proposal total is $2,320. It was noted this item will be replaced under warranty.

Consideration of Proposal for Pest Control Services (to be provided under separate cover)
Mr. Tindall presented a proposal for pest control services. After discussion, the Board decided to approve the presented proposal to run through the end of the fiscal year, September 30, 2026.

On MOTION by Mr. Walsh, seconded by Mr. Parkinson, with all in favor, the Proposal for Pest Control Services through September 30, 2026, was approved.

District Manager’s Report
Approval of Check Register
Ms. Burns stated the check register is in the agenda package for review, totaling
$141,082.50. She offered to take questions on any of the invoices.

On MOTION by Mr. Walsh, seconded by Mr. Elliott, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement
Ms. Burns noted that financial statements are included in the package for review. No action is required from the Board.

Presentation of Number of Registered Voters – 132
Ms. Burns noted the number of registered voters is 132.
*The Closed Security session began at this time in the meeting.

June 11, 2026	Cypress Ridge CDD

On MOTION by Mr. Walsh, seconded by Mr. Parkinson, with all in favor, the Nation Security Proposal for Patrol Services, was approved.

SIXTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

SEVENTH ORDER OF BUSINESS	Supervisors'	Requests	and	Audience
Comments
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

On MOTION by Mr. Walsh, seconded by Mr. Parkinson, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

Section A

Section 1

RESOLUTION 2026-09

THE ANNUAL APPROPRIATION RESOLUTION OF THE CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has, prior to June 15, 2026, submitted to the Board of Supervisors (“Board”) of the Cypress Ridge Community Development District (“District”) proposed budget (“Proposed Budget”) for the Fiscal Year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2027”), along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and
WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and
WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two (2) days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing Fiscal Year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing Fiscal Year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the Fiscal Year.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Cypress Ridge Community Development District for the Fiscal Year Ending September 30, 2027.”
The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least two (2) years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2027, the sum of $	 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

GENERAL FUND	$	 DEBT SERVICE FUND – SERIES 2023	$	 TOTAL ALL FUNDS	$	 SECTION 3. BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2027 or within sixty (60) days following the end of the Fiscal Year 2027 may amend its Adopted Budget for that Fiscal Year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.
The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within five (5) days after adoption and remain on the website for at least two (2) years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 9th DAY OF JULY, 2026.

ATTEST:	CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Exhibit A:	Adopted Budget for Fiscal Year 2027

Cypress Ridge
Community Development District

Approved Proposed Budget
FY2027

Table of Contents

1-2

3-6

7

8-9

	General Fund

	General Fund Narrative

	Debt Service Series 2023

	Amortization Schedule- Debt Service Series 2023

Cypress Ridge
Community Development District
Approved Proposed Budget General Fund

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Projected Thru 9/30/26	Proposed Budget FY2027	

Revenues						

Assessments- Tax Roll	
$	422,352	
$	423,308	
$	-	
$	423,308	
$	433,575	
Assessments- Direct	73,731	55,297	18,434	73,731	78,964	
Developer Contributions	-	-	-	-	161,344	
Total Revenues	$	496,083	$	478,604	$	18,434	$	497,039	$	673,883	

Expenditures						
General & Administrative
Supervisor Fees	
$	6,000	
$	3,400	
$	2,720	
$	6,120	
$	6,000	
FICA Expense	459	260	208	468	459	
Engineering	10,000	-	5,000	5,000	10,000	
Attorney	15,000	11,312	9,050	20,362	20,000	
Annual Audit	3,300	3,800	3,300	7,100	3,400	
Assessment Administration	5,000	5,000	-	5,000	5,000	
Arbitrage	900	-	900	900	900	
Dissemination	5,250	3,500	2,800	6,300	5,250	
Amortization Schedules	600	1,500	500	2,000	600	
Disclosure Software	1,500	1,500	-	1,500	1,500	
Trustee Fees	8,020	-	8,020	8,020	8,020	
Management Fees	40,124	26,749	13,374	40,124	42,130	
Information Technology	1,947	1,298	1,038	2,336	2,453	
Website Maintenance	1,298	865	692	1,558	1,636	
Postage & Delivery	600	729	583	1,312	600	
Insurance	6,686	6,163	-	6,163	6,779	
Copies	850	-	250	250	850	
Legal Advertising	2,500	2,327	1,861	4,188	2,500	
Contingency	2,500	1,280	1,024	2,304	2,500	
Office Supplies	625	16	13	28	625	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative	$	113,333	$	69,874	$	51,334	$	121,208	$	121,377	

Operation and Maintenance
Field Expenses
Field Management	

$	15,000	

$	10,000	

$	5,000	

$	15,000	

$	15,750	
Property Insurance	10,000	6,060	-	6,060	9,006	
Landscape Maintenance	125,500	70,800	56,640	127,440	175,000	
Landscape Replacement & Enhancements	5,000	2,500	2,000	4,500	30,000	
Irrigation Repairs	2,500	7,485	4,500	11,985	15,000	
Lake Maintenance	25,000	11,865	9,492	21,357	30,000	
Electric	5,000	4,735	3,788	8,522	12,000	
Streetlighting	95,000	61,861	49,489	111,349	125,000	
Water Reporting	-	-	1,500	1,500	3,000	
General Field Contingency	10,000	8,612	6,890	15,502	10,000	
Total Field Expenses	$	293,000	$	183,917	$	139,298	$	323,215	$	424,756	

Cypress Ridge
Community Development District
Approved Proposed Budget General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	5/31/26	4 Months	9/30/26	FY2027	

Amenity Expenses
Amenity Management	
$	8,583	
$	5,000	
$	4,000	
$	9,000	
$	12,500	
Amenity - Electric	12,500	6,632	5,306	11,938	12,500	
Amenity- Water	4,167	6,264	2,500	8,764	10,000	
Internet	2,500	444	355	799	2,000	
Pest Control	1,250	-	-	-	1,250	
Janitorial Services	15,417	-	-	-	-	
Pool Maintenance	22,500	8,750	7,000	15,750	-	
Pool and Janitorial Services	-	-	-	-	25,000	
Security Services	-	-	15,000	15,000	32,000	
Amenity Repairs and Maintenance	8,333	-	2,500	2,500	15,000	
Holiday Lighting	-	-	-	-	7,500	
Contingency	14,500	15,060	2,500	17,560	10,000	
Total Amenity Expenses	$	89,750	$	42,150	$	39,161	$	81,311	$	127,750	
						
Total Expenditures	$	496,083	$	295,941	$	229,792	$	525,733	$	673,883	

Other Financing Sources/Uses:
Capital Reserve	

$	-	

$	-	

$	-	

$	-	

$	-	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-	
						
Excess Revenues/(Expenditures)	$	-	$	182,663	$  (211,358)	$	(28,695)	$	(0)	
						
				Net Assessments	$	512,539	
Discounts and Collections (6%)  $		32,715  Gross Assessments  $	545,254 

Development	
Units	Net
Assessments	Net
Per Unit	Gross
Per Unit	
Single Family	369	$	433,575.00	$	1,175.00	$	1,250.00	
Unplatted Lots - Direct	687	$	78,963.74	$	114.94	$	122.28	
Total	1056	$ 512,538.74			

Development	
Units	FY26 Adopted
Gross Per Unit	FY27 Proposed
Gross Per Unit	
Variance	
Single Family	369	$	1,217.64	$	1,250.00	$	32.36	
Unplatted Lots - Direct	687	$	114.17	$	122.28	$	8.10	

Cypress Ridge
Community Development District
General Fund Budget

Revenues:

Assessments
The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year

Expenditures:

General & Administrative:

Supervisor Fees
Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering
The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney
The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration
The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage
The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2023 Special Assessment Revenue Bonds.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Trustee Fees
The District will incur trustee related costs with the Series 2023 Special Assessment Revenue Bonds.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Cypress Ridge
Community Development District
General Fund Budget

Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery
The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance
The District’s general liability and public official’s liability insurance coverages.

Copies
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Contingency
Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies
Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenses

Field Management
Represents the cost for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Property Insurance
The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Cypress Ridge
Community Development District
General Fund Budget

Landscape Maintenance
Represents the estimated cost provide for maintenance of the landscaping within the District. These services include mowing, edging, trimming, weed and disease control, fertilization, pest control, pruning, and irrigation inspections.

Landscape Replacement
Represents the estimated cost of replacing landscaping within the common areas of the District.

Irrigation Repairs
Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

Lake Maintenance
Represents the estimated cost for the care and maintenance of its lakes which includes shoreline grass, brush and vegetation control.

Electric
Represents current and estimated electric charges of common areas throughout the District.

Streetlights
Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Water Reporting
The District is in contract with Ballanger Landcare to provide monthly monitoring and reporting of irrigation well flow meter readings in compliance with SWFWMD water use permit (WUP) requirements.

General Field Contingency
Represents funds allocated to expenses that the District could incur throughout the fiscal year for any field category.

Amenity Expenses

Amenity Management
Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

Amenity - Electric
Represents estimated electric charges for the District’s amenity facility.

Amenity – Water
Represents estimated water charges for the District’s amenity facility.

Internet
Represents the cost of internet service for the amenity facility.

Pest Control
The District will incur costs for pest control treatments to its amenity facilities.

Cypress Ridge
Community Development District
General Fund Budget

Pool and Janitorial Services
The District is in contact with H2 Pool Service to provide pool cleaning and janitorial services 3 times a week. The services include, but are not limited to, pool cleaning, restroom cleaning, pool deck services and monthly pressure washing.

Security Services
The District is in contract with Nation Security Services to provide security services for the amenity properties a minimum or 16 hours a week.

Amenity Repairs & Maintenance
Represents estimated costs for repairs and maintenance of the District’s amenity facilities and equipment.

Holiday Lighting
Represents funds allocated to decorate the amenity areas for the holidays.

Contingency
Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Cypress Ridge
Community Development District
Approved Proposed Budget Series 2023 Debt Service Fund

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Projected Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Assessments - Direct	$	824,642	$	826,439	$	-	$	826,439	$	409,727	
Assessments- Prepayment	$	-	$  2,295,823	$	150,000	$  2,445,823		
Interest	$	-	$	45,452	$	63,633	$	109,085	$	-	
Carry Forward Surplus	$	450,873	$  1,272,281	$	-	$  1,272,281	$	(0)	
Total Revenues	$ 1,275,514	$ 4,439,995	$	213,633	$ 4,653,628	$	409,727	

Expenditures						
Interest Expense - 11/1	$	335,000	$	335,000	$	-	$	335,000	$	281,072	
Special Call - 11/1	$	-	$  1,360,000	$	430,000	$  1,790,000	$	-	
Principal Expense - 5/1	$	185,000	$	155,000	$	155,000	$	310,000	$	160,000	
Interest Expense - 5/1	$	335,000	$	303,778	$	284,850	$	588,628	$	281,072	
Interest Expense - 2/1	$	-	$	-	$	-	$	-	$	-	
Special Call - 2/1	$	-	$  1,330,000	$	-	$  1,330,000	$	-	
Special Call - 5/1	$	-	$	-	$	300,000	$	300,000	$	-	
Total Expenditures	$	855,000	$	3,483,778	$	1,169,850	$	4,653,628	$	722,144	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	

-	

$	

-	

$	

-	

$	

-	

$	

-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	
											
Excess Revenues/(Expenditures)	$	420,514	$	956,217	$	(956,217)	$	(0)	$	(312,416)	

Interest Expense 11/1/27	 $	277,172 
Total	$	277,172

Development	
Units	Net
Assessments	Net
Per Unit	Gross
Per Unit	
Single Family 40'	77	$	159,540.15	$	2,071.95	$	2,204.20	
Single Family 50'	87	$	225,323.91	$	2,589.93	$	2,755.25	
Single Family 60'	8	$	24,863.36	$	3,107.92	$	3,306.30	
Total	172	$ 409,727.42			

Cypress Ridge
Community Development District Special Assessment Revenue Bond, Series 2023

Period Ending	Principal Balance		Annual Principal	
Interest Rate	
Interest	Annual Debt	
							
11/01/26	$9,845,000			4.875%	$281,071.88	$281,071.88	
05/01/27	$9,845,000	$	160,000.00	4.875%	$281,071.88		
11/01/27	$9,685,000			4.875%	$277,171.88	$718,243.76	
05/01/28	$9,685,000	$	170,000.00	4.875%	$277,171.88		
11/01/28	$9,515,000			4.875%	$273,028.13	$720,200.01	
05/01/29	$9,515,000	$	180,000.00	4.875%	$273,028.13		
11/01/29	$9,335,000			4.875%	$268,640.63	$721,668.76	
05/01/30	$9,335,000	$	190,000.00	4.875%	$268,640.63		
11/01/30	$9,145,000			5.625%	$264,009.38	$722,650.01	
05/01/31	$9,145,000	$	200,000.00	5.625%	$264,009.38		
11/01/31	$8,945,000			5.625%	$258,384.38	$722,393.76	
05/01/32	$8,945,000	$	210,000.00	5.625%	$258,384.38		
11/01/32	$8,735,000			5.625%	$252,478.13	$720,862.51	
05/01/33	$8,735,000	$	220,000.00	5.625%	$252,478.13		
11/01/33	$8,515,000			5.625%	$246,290.63	$718,768.76	
05/01/34	$8,515,000	$	235,000.00	5.625%	$246,290.63		
11/01/34	$8,280,000			5.625%	$239,681.26	$720,971.89	
05/01/35	$8,280,000	$	250,000.00	5.625%	$239,681.26		
11/01/35	$8,030,000			5.625%	$232,650.01	$722,331.27	
05/01/36	$8,030,000	$	260,000.00	5.625%	$232,650.01		
11/01/36	$7,770,000			5.625%	$225,337.51	$717,987.52	
05/01/37	$7,770,000	$	280,000.00	5.625%	$225,337.51		
11/01/37	$7,490,000			5.625%	$217,462.51	$722,800.02	
05/01/38	$7,490,000	$	295,000.00	5.625%	$217,462.51		
11/01/38	$7,195,000			5.625%	$209,165.63	$721,628.14	
05/01/39	$7,195,000	$	310,000.00	5.625%	$209,165.63		
11/01/39	$6,885,000			5.625%	$200,446.88	$719,612.51	
05/01/40	$6,885,000	$	330,000.00	5.625%	$200,446.88		
11/01/40	$6,555,000			5.625%	$191,165.63	$721,612.51	
05/01/41	$6,555,000	$	350,000.00	5.625%	$191,165.63		
11/01/41	$6,205,000			5.625%	$181,321.88	$722,487.51	
05/01/42	$6,205,000	$	370,000.00	5.625%	$181,321.88		
11/01/42	$5,835,000			5.625%	$170,915.63	$722,237.51	
05/01/43	$5,835,000	$	390,000.00	5.625%	$170,915.63		
11/01/43	$5,445,000			5.625%	$159,946.88	$720,862.51	
05/01/44	$5,445,000	$	415,000.00	5.875%	$159,946.88		
11/01/44	$5,030,000			5.875%	$147,756.25	$722,703.13	
05/01/45	$5,030,000	$	435,000.00	5.875%	$147,756.25		

Cypress Ridge
Community Development District Special Assessment Revenue Bond, Series 2023

Period Ending	Principal Balance	Annual Principal	
Interest Rate	
Interest	Annual Debt	

11/01/45	
$4,595,000		
5.875%	
$134,978.13	
$717,734.38	
05/01/46	$4,595,000  $	465,000.00	5.875%	$134,978.13		
11/01/46	$4,130,000		5.875%	$121,318.75	$721,296.88	
05/01/47	$4,130,000  $	490,000.00	5.875%	$121,318.75		
11/01/47	$3,640,000		5.875%	$106,925.00	$718,243.75	
05/01/48	$3,640,000  $	520,000.00	5.875%	$106,925.00		
11/01/48	$3,120,000		5.875%	$91,650.00	$718,575.00	
05/01/49	$3,120,000  $	555,000.00	5.875%	$91,650.00		
11/01/49	$2,565,000		5.875%	$75,346.88	$721,996.88	
05/01/50	$2,565,000  $	585,000.00	5.875%	$75,346.88		
11/01/50	$1,980,000		5.875%	$58,162.50	$718,509.38	
05/01/51	$1,980,000  $	620,000.00	5.875%	$58,162.50		
11/01/51	$1,360,000		5.875%	$39,950.00	$718,112.50	
05/01/52	$1,360,000  $	660,000.00	5.875%	$39,950.00		
11/01/52	$700,000		5.875%	$20,562.50	$720,512.50	
05/01/53	$700,000  $	700,000.00	5.875%	$20,562.50		
11/01/53					$720,562.50	
Total	$	9,845,000.00		$9,891,637.74	$19,736,637.74	

Section 2

RESOLUTION 2026-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2027; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Cypress Ridge Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and
WHEREAS, the District is located in Hillsborough County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the Fiscal Year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2027”), attached hereto as Exhibit A; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and
WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2027; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached to this Resolution as Exhibit B, and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit B; and
WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibits A and B and is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits A and B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.
SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits A and B.

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits A and B. Assessments directly collected by the District are due in

full on December 1, 2026; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than October 1, 2026, 25% due no later than February 1, 2027 and 25% due no later than May 1, 2027. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2027, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.
Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
PASSED AND ADOPTED THIS 9th DAY OF JULY, 2026.

ATTEST:	CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A:	Adopted Budget for Fiscal Year 2027
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

Cypress Ridge
Community Development District

Approved Proposed Budget
FY2027

Table of Contents

1-2

3-6

7

8-9

	General Fund

	General Fund Narrative

	Debt Service Series 2023

	Amortization Schedule- Debt Service Series 2023

Cypress Ridge
Community Development District
Approved Proposed Budget General Fund

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Projected Thru 9/30/26	Proposed Budget FY2027	

Revenues						

Assessments- Tax Roll	
$	422,352	
$	423,308	
$	-	
$	423,308	
$	433,575	
Assessments- Direct	73,731	55,297	18,434	73,731	78,964	
Developer Contributions	-	-	-	-	161,344	
Total Revenues	$	496,083	$	478,604	$	18,434	$	497,039	$	673,883	

Expenditures						
General & Administrative
Supervisor Fees	
$	6,000	
$	3,400	
$	2,720	
$	6,120	
$	6,000	
FICA Expense	459	260	208	468	459	
Engineering	10,000	-	5,000	5,000	10,000	
Attorney	15,000	11,312	9,050	20,362	20,000	
Annual Audit	3,300	3,800	3,300	7,100	3,400	
Assessment Administration	5,000	5,000	-	5,000	5,000	
Arbitrage	900	-	900	900	900	
Dissemination	5,250	3,500	2,800	6,300	5,250	
Amortization Schedules	600	1,500	500	2,000	600	
Disclosure Software	1,500	1,500	-	1,500	1,500	
Trustee Fees	8,020	-	8,020	8,020	8,020	
Management Fees	40,124	26,749	13,374	40,124	42,130	
Information Technology	1,947	1,298	1,038	2,336	2,453	
Website Maintenance	1,298	865	692	1,558	1,636	
Postage & Delivery	600	729	583	1,312	600	
Insurance	6,686	6,163	-	6,163	6,779	
Copies	850	-	250	250	850	
Legal Advertising	2,500	2,327	1,861	4,188	2,500	
Contingency	2,500	1,280	1,024	2,304	2,500	
Office Supplies	625	16	13	28	625	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative	$	113,333	$	69,874	$	51,334	$	121,208	$	121,377	

Operation and Maintenance
Field Expenses
Field Management	

$	15,000	

$	10,000	

$	5,000	

$	15,000	

$	15,750	
Property Insurance	10,000	6,060	-	6,060	9,006	
Landscape Maintenance	125,500	70,800	56,640	127,440	175,000	
Landscape Replacement & Enhancements	5,000	2,500	2,000	4,500	30,000	
Irrigation Repairs	2,500	7,485	4,500	11,985	15,000	
Lake Maintenance	25,000	11,865	9,492	21,357	30,000	
Electric	5,000	4,735	3,788	8,522	12,000	
Streetlighting	95,000	61,861	49,489	111,349	125,000	
Water Reporting	-	-	1,500	1,500	3,000	
General Field Contingency	10,000	8,612	6,890	15,502	10,000	
Total Field Expenses	$	293,000	$	183,917	$	139,298	$	323,215	$	424,756	

Cypress Ridge
Community Development District
Approved Proposed Budget General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	5/31/26	4 Months	9/30/26	FY2027	

Amenity Expenses
Amenity Management	
$	8,583	
$	5,000	
$	4,000	
$	9,000	
$	12,500	
Amenity - Electric	12,500	6,632	5,306	11,938	12,500	
Amenity- Water	4,167	6,264	2,500	8,764	10,000	
Internet	2,500	444	355	799	2,000	
Pest Control	1,250	-	-	-	1,250	
Janitorial Services	15,417	-	-	-	-	
Pool Maintenance	22,500	8,750	7,000	15,750	-	
Pool and Janitorial Services	-	-	-	-	25,000	
Security Services	-	-	15,000	15,000	32,000	
Amenity Repairs and Maintenance	8,333	-	2,500	2,500	15,000	
Holiday Lighting	-	-	-	-	7,500	
Contingency	14,500	15,060	2,500	17,560	10,000	
Total Amenity Expenses	$	89,750	$	42,150	$	39,161	$	81,311	$	127,750	
						
Total Expenditures	$	496,083	$	295,941	$	229,792	$	525,733	$	673,883	

Other Financing Sources/Uses:
Capital Reserve	

$	-	

$	-	

$	-	

$	-	

$	-	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-	
						
Excess Revenues/(Expenditures)	$	-	$	182,663	$  (211,358)	$	(28,695)	$	(0)	
						
				Net Assessments	$	512,539	
Discounts and Collections (6%)  $		32,715  Gross Assessments  $	545,254 

Development	
Units	Net
Assessments	Net
Per Unit	Gross
Per Unit	
Single Family	369	$	433,575.00	$	1,175.00	$	1,250.00	
Unplatted Lots - Direct	687	$	78,963.74	$	114.94	$	122.28	
Total	1056	$ 512,538.74			

Development	
Units	FY26 Adopted
Gross Per Unit	FY27 Proposed
Gross Per Unit	
Variance	
Single Family	369	$	1,217.64	$	1,250.00	$	32.36	
Unplatted Lots - Direct	687	$	114.17	$	122.28	$	8.10	

Cypress Ridge
Community Development District
General Fund Budget

Revenues:

Assessments
The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year

Expenditures:

General & Administrative:

Supervisor Fees
Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering
The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney
The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration
The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage
The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2023 Special Assessment Revenue Bonds.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Trustee Fees
The District will incur trustee related costs with the Series 2023 Special Assessment Revenue Bonds.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Cypress Ridge
Community Development District
General Fund Budget

Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery
The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance
The District’s general liability and public official’s liability insurance coverages.

Copies
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Contingency
Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies
Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenses

Field Management
Represents the cost for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Property Insurance
The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Cypress Ridge
Community Development District
General Fund Budget

Landscape Maintenance
Represents the estimated cost provide for maintenance of the landscaping within the District. These services include mowing, edging, trimming, weed and disease control, fertilization, pest control, pruning, and irrigation inspections.

Landscape Replacement
Represents the estimated cost of replacing landscaping within the common areas of the District.

Irrigation Repairs
Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

Lake Maintenance
Represents the estimated cost for the care and maintenance of its lakes which includes shoreline grass, brush and vegetation control.

Electric
Represents current and estimated electric charges of common areas throughout the District.

Streetlights
Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Water Reporting
The District is in contract with Ballanger Landcare to provide monthly monitoring and reporting of irrigation well flow meter readings in compliance with SWFWMD water use permit (WUP) requirements.

General Field Contingency
Represents funds allocated to expenses that the District could incur throughout the fiscal year for any field category.

Amenity Expenses

Amenity Management
Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

Amenity - Electric
Represents estimated electric charges for the District’s amenity facility.

Amenity – Water
Represents estimated water charges for the District’s amenity facility.

Internet
Represents the cost of internet service for the amenity facility.

Pest Control
The District will incur costs for pest control treatments to its amenity facilities.

Cypress Ridge
Community Development District
General Fund Budget

Pool and Janitorial Services
The District is in contact with H2 Pool Service to provide pool cleaning and janitorial services 3 times a week. The services include, but are not limited to, pool cleaning, restroom cleaning, pool deck services and monthly pressure washing.

Security Services
The District is in contract with Nation Security Services to provide security services for the amenity properties a minimum or 16 hours a week.

Amenity Repairs & Maintenance
Represents estimated costs for repairs and maintenance of the District’s amenity facilities and equipment.

Holiday Lighting
Represents funds allocated to decorate the amenity areas for the holidays.

Contingency
Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Cypress Ridge
Community Development District
Approved Proposed Budget Series 2023 Debt Service Fund

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Projected Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Assessments - Direct	$	824,642	$	826,439	$	-	$	826,439	$	409,727	
Assessments- Prepayment	$	-	$  2,295,823	$	150,000	$  2,445,823		
Interest	$	-	$	45,452	$	63,633	$	109,085	$	-	
Carry Forward Surplus	$	450,873	$  1,272,281	$	-	$  1,272,281	$	(0)	
Total Revenues	$ 1,275,514	$ 4,439,995	$	213,633	$ 4,653,628	$	409,727	

Expenditures						
Interest Expense - 11/1	$	335,000	$	335,000	$	-	$	335,000	$	281,072	
Special Call - 11/1	$	-	$  1,360,000	$	430,000	$  1,790,000	$	-	
Principal Expense - 5/1	$	185,000	$	155,000	$	155,000	$	310,000	$	160,000	
Interest Expense - 5/1	$	335,000	$	303,778	$	284,850	$	588,628	$	281,072	
Interest Expense - 2/1	$	-	$	-	$	-	$	-	$	-	
Special Call - 2/1	$	-	$  1,330,000	$	-	$  1,330,000	$	-	
Special Call - 5/1	$	-	$	-	$	300,000	$	300,000	$	-	
Total Expenditures	$	855,000	$	3,483,778	$	1,169,850	$	4,653,628	$	722,144	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	

-	

$	

-	

$	

-	

$	

-	

$	

-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	
											
Excess Revenues/(Expenditures)	$	420,514	$	956,217	$	(956,217)	$	(0)	$	(312,416)	

Interest Expense 11/1/27	 $	277,172 
Total	$	277,172

Development	
Units	Net
Assessments	Net
Per Unit	Gross
Per Unit	
Single Family 40'	77	$	159,540.15	$	2,071.95	$	2,204.20	
Single Family 50'	87	$	225,323.91	$	2,589.93	$	2,755.25	
Single Family 60'	8	$	24,863.36	$	3,107.92	$	3,306.30	
Total	172	$ 409,727.42			

Cypress Ridge
Community Development District Special Assessment Revenue Bond, Series 2023

Period Ending	Principal Balance		Annual Principal	
Interest Rate	
Interest	Annual Debt	
							
11/01/26	$9,845,000			4.875%	$281,071.88	$281,071.88	
05/01/27	$9,845,000	$	160,000.00	4.875%	$281,071.88		
11/01/27	$9,685,000			4.875%	$277,171.88	$718,243.76	
05/01/28	$9,685,000	$	170,000.00	4.875%	$277,171.88		
11/01/28	$9,515,000			4.875%	$273,028.13	$720,200.01	
05/01/29	$9,515,000	$	180,000.00	4.875%	$273,028.13		
11/01/29	$9,335,000			4.875%	$268,640.63	$721,668.76	
05/01/30	$9,335,000	$	190,000.00	4.875%	$268,640.63		
11/01/30	$9,145,000			5.625%	$264,009.38	$722,650.01	
05/01/31	$9,145,000	$	200,000.00	5.625%	$264,009.38		
11/01/31	$8,945,000			5.625%	$258,384.38	$722,393.76	
05/01/32	$8,945,000	$	210,000.00	5.625%	$258,384.38		
11/01/32	$8,735,000			5.625%	$252,478.13	$720,862.51	
05/01/33	$8,735,000	$	220,000.00	5.625%	$252,478.13		
11/01/33	$8,515,000			5.625%	$246,290.63	$718,768.76	
05/01/34	$8,515,000	$	235,000.00	5.625%	$246,290.63		
11/01/34	$8,280,000			5.625%	$239,681.26	$720,971.89	
05/01/35	$8,280,000	$	250,000.00	5.625%	$239,681.26		
11/01/35	$8,030,000			5.625%	$232,650.01	$722,331.27	
05/01/36	$8,030,000	$	260,000.00	5.625%	$232,650.01		
11/01/36	$7,770,000			5.625%	$225,337.51	$717,987.52	
05/01/37	$7,770,000	$	280,000.00	5.625%	$225,337.51		
11/01/37	$7,490,000			5.625%	$217,462.51	$722,800.02	
05/01/38	$7,490,000	$	295,000.00	5.625%	$217,462.51		
11/01/38	$7,195,000			5.625%	$209,165.63	$721,628.14	
05/01/39	$7,195,000	$	310,000.00	5.625%	$209,165.63		
11/01/39	$6,885,000			5.625%	$200,446.88	$719,612.51	
05/01/40	$6,885,000	$	330,000.00	5.625%	$200,446.88		
11/01/40	$6,555,000			5.625%	$191,165.63	$721,612.51	
05/01/41	$6,555,000	$	350,000.00	5.625%	$191,165.63		
11/01/41	$6,205,000			5.625%	$181,321.88	$722,487.51	
05/01/42	$6,205,000	$	370,000.00	5.625%	$181,321.88		
11/01/42	$5,835,000			5.625%	$170,915.63	$722,237.51	
05/01/43	$5,835,000	$	390,000.00	5.625%	$170,915.63		
11/01/43	$5,445,000			5.625%	$159,946.88	$720,862.51	
05/01/44	$5,445,000	$	415,000.00	5.875%	$159,946.88		
11/01/44	$5,030,000			5.875%	$147,756.25	$722,703.13	
05/01/45	$5,030,000	$	435,000.00	5.875%	$147,756.25		

Cypress Ridge
Community Development District Special Assessment Revenue Bond, Series 2023

Period Ending	Principal Balance	Annual Principal	
Interest Rate	
Interest	Annual Debt	

11/01/45	
$4,595,000		
5.875%	
$134,978.13	
$717,734.38	
05/01/46	$4,595,000  $	465,000.00	5.875%	$134,978.13		
11/01/46	$4,130,000		5.875%	$121,318.75	$721,296.88	
05/01/47	$4,130,000  $	490,000.00	5.875%	$121,318.75		
11/01/47	$3,640,000		5.875%	$106,925.00	$718,243.75	
05/01/48	$3,640,000  $	520,000.00	5.875%	$106,925.00		
11/01/48	$3,120,000		5.875%	$91,650.00	$718,575.00	
05/01/49	$3,120,000  $	555,000.00	5.875%	$91,650.00		
11/01/49	$2,565,000		5.875%	$75,346.88	$721,996.88	
05/01/50	$2,565,000  $	585,000.00	5.875%	$75,346.88		
11/01/50	$1,980,000		5.875%	$58,162.50	$718,509.38	
05/01/51	$1,980,000  $	620,000.00	5.875%	$58,162.50		
11/01/51	$1,360,000		5.875%	$39,950.00	$718,112.50	
05/01/52	$1,360,000  $	660,000.00	5.875%	$39,950.00		
11/01/52	$700,000		5.875%	$20,562.50	$720,512.50	
05/01/53	$700,000  $	700,000.00	5.875%	$20,562.50		
11/01/53					$720,562.50	
Total	$	9,845,000.00		$9,891,637.74	$19,736,637.74	

Cypress Ridge CDD
FY 27 Assessment Roll

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820656	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820658	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820660	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820662	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820664	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820666	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820668	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820670	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820012	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820014	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820016	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820018	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820020	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820022	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820024	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820026	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820028	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820030	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820032	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820034	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820036	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820038	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820040	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820042	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820044	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820046	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820048	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820050	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820052	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820054	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820056	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820058	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820060	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820062	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820064	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820066	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820068	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820070	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820072	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820074	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820076	50'	1	$1,676.39	$1,329.79	$3,006.18	

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820078	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820080	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820082	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820084	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820086	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820088	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820090	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820092	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820094	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820096	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820098	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820100	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820102	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820104	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820106	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820108	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820110	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820112	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820114	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820116	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820118	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820120	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820122	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820124	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820126	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820128	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820130	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820132	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820134	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820136	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820138	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820140	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820142	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820144	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820146	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820148	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820150	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820152	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820154	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820156	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820158	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820160	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820162	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820164	50'	1	$1,676.39	$1,329.79	$3,006.18	

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820166	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820168	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820170	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820172	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820174	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820176	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820178	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820180	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820182	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820184	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820186	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820188	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820190	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820192	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820194	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820196	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820198	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820200	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820202	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820204	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820206	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820208	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820210	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820212	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820214	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820216	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820218	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820220	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820222	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820224	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820226	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820228	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820230	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820232	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820234	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820236	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820238	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820240	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820242	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820244	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820246	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820248	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820250	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820252	50' PD	1	$1,676.39	$1,329.79	$3,006.18	

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820254	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820256	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820258	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820260	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820262	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820264	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820266	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820268	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820270	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820272	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820274	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820276	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820278	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820280	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820282	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820284	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820286	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820288	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820290	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820292	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820294	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820296	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820298	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820300	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820302	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820304	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820306	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820308	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820310	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820312	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820314	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820316	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820318	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820320	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820322	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820324	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820326	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820328	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820330	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820332	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820334	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820336	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820338	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820340	40'	1	$1,676.39	$1,170.21	$2,846.60	

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820342	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820344	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820346	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820348	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820350	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820352	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820354	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820356	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820358	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820360	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820362	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820364	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820366	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820368	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820370	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820372	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820374	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820376	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820378	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820380	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820382	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820384	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820386	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820388	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820390	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820392	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820394	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820396	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820398	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820400	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820402	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820404	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820406	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820408	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820410	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820412	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820414	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820416	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820418	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820420	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820422	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820424	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820426	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820428	50' PD	1	$1,676.39	$1,329.79	$3,006.18	

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820430	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820432	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820434	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820436	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820438	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820440	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820442	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820444	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820446	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820448	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820450	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820452	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820454	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820456	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820458	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820460	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820462	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820464	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820466	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820468	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820470	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820472	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820474	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820476	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820478	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820480	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820482	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820484	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820486	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820488	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820490	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820492	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820494	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820496	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820498	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820500	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820502	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820504	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820506	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820508	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820510	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820512	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820514	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820516	40'	1	$1,676.39	$2,204.20	$3,880.59	

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820518	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820520	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820522	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820524	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820526	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820528	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820530	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820532	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820534	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820536	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820538	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820540	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820542	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820544	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820546	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820548	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820550	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820552	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820554	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820556	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820558	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820560	40' PD	1	$1,676.39	$1,170.21	$2,846.60	
0796820562	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820564	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820566	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820568	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820570	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820572	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820574	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820576	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820578	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820580	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820582	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820584	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820586	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820588	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820590	50' PD	1	$1,676.39	$1,329.79	$3,006.18	
0796820592	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820594	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820596	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820598	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820600	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820602	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820604	40'	1	$1,676.39	$2,204.20	$3,880.59	

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820606	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820608	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820610	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820612	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820614	40'	1	$1,676.39	$2,204.20	$3,880.59	
0796820616	40'	1	$1,676.39	$1,170.21	$2,846.60	
0796820618	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820620	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820622	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820624	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820626	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820628	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820630	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820632	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820634	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820636	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820638	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820640	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820642	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820644	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820646	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820648	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820650	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820652	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820654	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820672	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820674	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820676	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820678	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820680	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820682	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820684	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820686	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820688	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820690	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820692	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820694	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820696	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820698	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820700	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820702	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820704	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820706	50'	1	$1,676.39	$2,755.25	$4,431.64	
0796820708	50'	1	$1,676.39	$1,329.79	$3,006.18	

Folio	Type	Units	FY27 O&M	Series 2023 Debt	Total	
0796820710	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820712	50'	1	$1,676.39	$1,329.79	$3,006.18	
0796820714	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820716	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820718	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820720	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820722	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820724	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820726	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820728	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820730	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820732	60'	1	$1,676.39	$1,489.36	$3,165.75	
0796820734	60'	1	$1,676.39	$3,306.30	$4,982.69	
0796820736	60'	1	$1,676.39	$3,306.30	$4,982.69	
0796820738	60'	1	$1,676.39	$3,306.30	$4,982.69	
0796820740	60'	1	$1,676.39	$3,306.30	$4,982.69	
0796820742	60'	1	$1,676.39	$3,306.30	$4,982.69	
0796820744	60'	1	$1,676.39	$3,306.30	$4,982.69	
0796820746	60'	1	$1,676.39	$3,306.30	$4,982.69	
0796820748	60'	1	$1,676.39	$3,306.30	$4,982.69	
Total Gross Assessments On Roll		369	$618,587.91	$642,328.10	$1,260,916.01	
						
Total Net Assessments On Roll			$581,472.64	$603,788.41	$1,185,261.05	

Folio	
Type	
Units	
FY27 O&M	
Series 2023 Debt	
Total	
0796820758	Unplatted	687	$80,069.85	$0.00	$80,069.85	
Total Gross Assessments Off Roll		687	$80,069.85	$0.00	$80,069.85	
						
Total Net Assessments Off Roll			$75,265.66	$0.00	$75,265.66	
						
Total Gross Assessments		1056	$698,657.76	$642,328.10	$1,340,985.86	
						
Total Net Assessments			$656,738.29	$603,788.41	$1,260,526.71	

Section 3

CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2027 FUNDING AGREEMENT

This agreement (“Agreement”) is made and entered into this 1st day of October, 2026, by and between:
CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, located in Hillsborough County, Florida, with an address of c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (“District”), and
CLAYTON PROPERTIES GROUP, INC., a Tennessee corporation and a landowner in the District (“Developer”), with an address of 3020 S. Florida Avenue, Lakeland, Florida 33803.

RECITALS

WHEREAS, the District was established for the purpose of planning, financing, constructing, operating and/or maintaining certain infrastructure; and

WHEREAS, the District, pursuant to Chapter 190, Florida Statutes, is authorized to levy such taxes, special assessments, fees and other charges as may be necessary in furtherance of the District's activities and services; and

WHEREAS, Developer presently owns and/or is developing the majority of all real property described in Exhibit A, attached hereto and incorporated herein (“Property”), within the District, which Property will benefit from the timely construction and acquisition of the District's facilities, activities and services and from the continued operations of the District; and

WHEREAS, the District is adopting its general fund budget for the Fiscal Year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2027 Budget”); and

WHEREAS, this Fiscal Year 2027 Budget, which both parties recognize may be amended from time to time in the sole discretion of the District, is attached hereto and incorporated herein by reference as Exhibit B; and

WHEREAS, the District has the option of levying non-ad valorem assessments on all land, including the Property, that will benefit from the activities, operations and services set forth in the Fiscal Year 2027 Budget, or utilizing such other revenue sources as may be available to it; and

WHEREAS, in lieu of levying assessments on the Property, the Developer is willing to provide such funds as are necessary to allow the District to proceed with its operations as described in Exhibit B; and

WHEREAS, the Developer agrees that the activities, operations and services provide a special and peculiar benefit equal to or in excess of the costs reflected on Exhibit B to the Property; and

WHEREAS, the Developer has agreed to enter into this Agreement in lieu of having the District levy and collect any non-ad valorem assessments as authorized by law against the Property located within the District for the activities, operations and services set forth in Exhibit B; and
WHEREAS, Developer and District desire to secure such budget funding through the imposition of a continuing lien against the Property described in Exhibit A and otherwise as provided herein.
NOW, THEREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and sufficiency of which are hereby acknowledged, the parties agree as follows:

FUNDING. The Developer agrees to make available to the District the monies necessary for the operation of the District as called for in the budget attached hereto as Exhibit B, as may be amended from time to time in the District’s sole discretion, within fifteen (15) days of written request by the District. Amendments to the Fiscal Year 2027 Budget as shown on Exhibit B adopted by the District at a duly noticed meeting shall have the effect of amending this Agreement without further action of the parties. Funds provided hereunder shall be placed in the District's general checking account. These payments are made by the Developer in lieu of taxes, fees, or assessments which might otherwise be levied or imposed by the District.
CONTINUING LIEN. District shall have the right to file a continuing lien upon the Property described in Exhibit A for all payments due and owing under the terms of this Agreement and for interest thereon, and for reasonable attorneys’ fees, paralegals’ fees, expenses and court costs incurred by the District incident to the collection of funds under this Agreement or for enforcement this lien, and all sums advanced and paid by the District for taxes and payment on account of superior interests, liens and encumbrances in order to preserve and protect the District’s lien. The lien shall be effective as of the date and time of the recording of a “Notice of Lien for Fiscal Year 2027 Budget” in the public records of Hillsborough County, Florida (“County”), stating among other things, the description of the real property and the amount due as of the recording of the Notice, and the existence of this Agreement. The District Manager, in its sole discretion, is hereby authorized by the District to file the Notice of Lien for Fiscal Year 2027 Budget on behalf of the District, without the need of further Board action authorizing or directing such filing. At the District Manager’s direction, the District may also bring an action at law against the record title holder to the Property to pay the amount due under this Agreement or may foreclose the lien against the Property in any manner authorized by law. The District may partially release any filed lien for portions of the Property subject to a plat if and when the Developer has demonstrated, in the District’s sole discretion, such release will not materially impair the ability of the District to enforce the collection of funds hereunder. In the event the Developer sells any of the Property described in Exhibit A after the execution of this Agreement, the Developer’s rights and obligations under this Agreement shall remain the same, provided however that the District shall only have the right to file a lien upon the remaining Property owned by the Developer.

ALTERNATIVE COLLECTION METHODS.

In the alternative or in addition to the collection method set forth in Paragraph 2 above, the District may enforce the collection of funds due under this Agreement by action against the Developer in the appropriate judicial forum in and for the County. The enforcement of the collection of funds in this manner shall be in the sole discretion of the District Manager on behalf of the District. In the event that either party is required to enforce this Agreement by court proceedings or otherwise, then the parties agree that the prevailing party shall be entitled to recover from the other all costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

The District hereby finds that the activities, operations and services set forth in Exhibit B provide a special and peculiar benefit to the Property, which benefit is initially allocated on an equal developable acreage basis. The Developer agrees that the activities, operations and services set forth in Exhibit B provide a special and peculiar benefit to the Property equal to or in excess of the costs set forth in Exhibit B, on an equal developable acreage basis. Therefore, in the alternative or in addition to the other methods of collection set forth in this Agreement, the District, in its sole discretion, may choose to certify amounts due hereunder as a non-ad valorem assessment on all or any part of the Property for collection, either through the Uniform Method of Collection set forth in Chapter 197, Florida Statutes, or under any method of direct bill and collection authorized by Florida law. Such assessment, if imposed, may be certified on the next available tax roll of the County property appraiser.

AGREEMENT; AMENDMENTS. This instrument shall constitute the final and complete expression of the agreement between the parties relating to the subject matter of this Agreement. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by both of the parties hereto.
AUTHORIZATION. The execution of this Agreement has been duly authorized by the appropriate body or official of all parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

ASSIGNMENT. This Agreement may be assigned, in whole or in part, by either party only upon the written consent of the other, which consent shall not be unreasonably withheld.

DEFAULT. A default by either party under this Agreement shall entitle the other to all remedies available at law or in equity, which shall include, but not be limited to, the right of damages, injunctive relief and specific performance and specifically including the ability of the District to enforce any and all payment obligations under this Agreement in the manner described herein in Paragraphs 2 and 3 above.

THIRD-PARTY RIGHTS; TRANSFER OF PROPERTY. This Agreement is
solely for the benefit of the formal parties herein and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in

this Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all of the provisions, representations, covenants and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successors and assigns. In the event the Developer sells or otherwise disposes of its business or of all or substantially all of its assets relating to improvements, work product, or lands within the District, the Developer shall continue to be bound by the terms of this Agreement and additionally shall expressly require that the purchaser agree to be bound by the terms of this Agreement. The Developer shall give ninety (90) days’ prior written notice to the District of any such sale or disposition.
FLORIDA LAW GOVERNS. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida.
ARM’S LENGTH TRANSACTION. This Agreement has been negotiated fully between the parties as an arm's length transaction. The parties participated fully in the preparation of this Agreement with the assistance of their respective counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are each deemed to have drafted, chosen and selected the language, and the doubtful language will not be interpreted or construed against any party.
EFFECTIVE DATE. The Agreement shall be effective after execution by both parties hereto. The enforcement provisions of this Agreement shall survive its termination, until all payments due under this Agreement are paid in full.

PUBLIC RECORDS. Developer understands and agrees that all documents of any kind provided to the District in connection with this Agreement may be public records, and, accordingly, Developer agrees to comply with all applicable provisions of Florida law in handling such records, including, but not limited, to Section 119.0701, Florida Statutes. Developer acknowledges that the designated public records custodian for the District is Jill Burns (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Developer shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the agreement term and following the agreement term if Developer does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the agreement, transfer to the District, at no cost, all public records in Developer’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Developer, Developer shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

IF DEVELOPER HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO DEVELOPER’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS OF THE CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT AT GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA, LLC, 219 E. LIVINGSTON STREET, ORLANDO, FLORIDA 32801, TELEPHONE: (407) 841-5524, EMAIL JBURNS@GMSCFL.COM.
NOTICES. All notices, requests, consents, and other communications hereunder (“Notices”) shall be in writing and shall be mailed by First Class Mail, postage prepaid, sent by overnight delivery service, or sent by electronic mail with confirmation of receipt (except for notices of default, which shall also be sent by overnight delivery service), to the parties, as follows:

If to the District:	Cypress Ridge Community Development District
c/o GMS - Central Florida, LLC 219 E. Livingston Street Orlando, Florida 32801
Attn: District Manager jburns@gmscfl.com

With a copy to:	Kilinski | Van Wyk PLLC
517 East College Avenue Tallahassee, Florida 32301
Attn: Cypress Ridge CDD, District Counsel patrick@cddlawyers.com

If to Developer:	Clayton Properties Group, Inc.
3020 S. Florida Avenue Lakeland, Florida 33803 Attn: 	 Email: 	 
Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address set forth herein. Notices delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the parties. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days’ written notice to the parties and addressees set forth herein.

COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.
ANTIHUMAN TRAFFICKING. Developer certifies, by acceptance of this Agreement, that neither it nor its principals utilize coercion for labor or services as defined in Section 787.06, Florida Statutes. Developer agrees to execute an affidavit in compliance with Section 787.06(14), Florida Statutes, and acknowledges that if Developer refuses to sign said affidavit,   the   District   may   terminate   this   Agreement   immediately.

SCRUTINIZED COMPANIES. In accordance with Section 287.135, Florida Statutes, Contractor represents that in entering into this Agreement, neither it nor any of its officers, directors, executives, partners, shareholders, members, or agents is on the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in the Iran Terrorism Sectors List, or the Scrutinized Companies or Other Entities that Boycott Israel List created pursuant to Sections 215.4725 and 215.473, Florida Statutes, and in the event such status changes, Contractor shall immediately notify the District. If Contractor is found to have submitted a false statement, has been placed on the Scrutinized Companies with Activities in Sudan List, the Scrutinized Companies with Activities in the Iran Terrorism Sectors List, or has been engaged in business operations in Cuba or Syria, or is now or in the future on the Scrutinized Companies or Other Entities that Boycott Israel List, or engaged in a boycott of Israel, the District may immediately		terminate	this	Agreement.

E-VERIFY. Developer shall comply with the requirements of Section 448.095, Florida Statutes, including the requirement to enroll in and use the E-Verify system to verify the work authorization status of all newly hired employees. Developer shall require all subcontractors performing work under this Agreement to comply with the requirements of Section 448.095, Florida Statutes. If Developer fails to comply with this section, the District shall terminate this Agreement and Developer shall be liable for all costs associated with such termination. Developer shall maintain records of its compliance with this section and shall provide copies of such records to the District upon request.

[Signatures on Following Page]

IN WITNESS WHEREOF, the parties execute this Agreement the day and year first written above.

CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT

By: 	
Its: 	

CLAYTON PROPERTIES GROUP,
INC., a Tennessee corporation

By: 	
Its: 	

EXHIBIT A: Property Description
EXHIBIT B: Fiscal Year 2027 Budget

EXHIBIT A:
Property Description

EXHIBIT B:
Fiscal Year 2027 Budget [Begins on Following Page]

Cypress Ridge
Community Development District

Approved Proposed Budget
FY2027

Table of Contents

1-2

3-6

7

8-9

	General Fund

	General Fund Narrative

	Debt Service Series 2023

	Amortization Schedule- Debt Service Series 2023

Cypress Ridge
Community Development District
Approved Proposed Budget General Fund

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Projected Thru 9/30/26	Proposed Budget FY2027	

Revenues						

Assessments- Tax Roll	
$	422,352	
$	423,308	
$	-	
$	423,308	
$	433,575	
Assessments- Direct	73,731	55,297	18,434	73,731	78,964	
Developer Contributions	-	-	-	-	161,344	
Total Revenues	$	496,083	$	478,604	$	18,434	$	497,039	$	673,883	

Expenditures						
General & Administrative
Supervisor Fees	
$	6,000	
$	3,400	
$	2,720	
$	6,120	
$	6,000	
FICA Expense	459	260	208	468	459	
Engineering	10,000	-	5,000	5,000	10,000	
Attorney	15,000	11,312	9,050	20,362	20,000	
Annual Audit	3,300	3,800	3,300	7,100	3,400	
Assessment Administration	5,000	5,000	-	5,000	5,000	
Arbitrage	900	-	900	900	900	
Dissemination	5,250	3,500	2,800	6,300	5,250	
Amortization Schedules	600	1,500	500	2,000	600	
Disclosure Software	1,500	1,500	-	1,500	1,500	
Trustee Fees	8,020	-	8,020	8,020	8,020	
Management Fees	40,124	26,749	13,374	40,124	42,130	
Information Technology	1,947	1,298	1,038	2,336	2,453	
Website Maintenance	1,298	865	692	1,558	1,636	
Postage & Delivery	600	729	583	1,312	600	
Insurance	6,686	6,163	-	6,163	6,779	
Copies	850	-	250	250	850	
Legal Advertising	2,500	2,327	1,861	4,188	2,500	
Contingency	2,500	1,280	1,024	2,304	2,500	
Office Supplies	625	16	13	28	625	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative	$	113,333	$	69,874	$	51,334	$	121,208	$	121,377	

Operation and Maintenance
Field Expenses
Field Management	

$	15,000	

$	10,000	

$	5,000	

$	15,000	

$	15,750	
Property Insurance	10,000	6,060	-	6,060	9,006	
Landscape Maintenance	125,500	70,800	56,640	127,440	175,000	
Landscape Replacement & Enhancements	5,000	2,500	2,000	4,500	30,000	
Irrigation Repairs	2,500	7,485	4,500	11,985	15,000	
Lake Maintenance	25,000	11,865	9,492	21,357	30,000	
Electric	5,000	4,735	3,788	8,522	12,000	
Streetlighting	95,000	61,861	49,489	111,349	125,000	
Water Reporting	-	-	1,500	1,500	3,000	
General Field Contingency	10,000	8,612	6,890	15,502	10,000	
Total Field Expenses	$	293,000	$	183,917	$	139,298	$	323,215	$	424,756	

Cypress Ridge
Community Development District
Approved Proposed Budget General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	5/31/26	4 Months	9/30/26	FY2027	

Amenity Expenses
Amenity Management	
$	8,583	
$	5,000	
$	4,000	
$	9,000	
$	12,500	
Amenity - Electric	12,500	6,632	5,306	11,938	12,500	
Amenity- Water	4,167	6,264	2,500	8,764	10,000	
Internet	2,500	444	355	799	2,000	
Pest Control	1,250	-	-	-	1,250	
Janitorial Services	15,417	-	-	-	-	
Pool Maintenance	22,500	8,750	7,000	15,750	-	
Pool and Janitorial Services	-	-	-	-	25,000	
Security Services	-	-	15,000	15,000	32,000	
Amenity Repairs and Maintenance	8,333	-	2,500	2,500	15,000	
Holiday Lighting	-	-	-	-	7,500	
Contingency	14,500	15,060	2,500	17,560	10,000	
Total Amenity Expenses	$	89,750	$	42,150	$	39,161	$	81,311	$	127,750	
						
Total Expenditures	$	496,083	$	295,941	$	229,792	$	525,733	$	673,883	

Other Financing Sources/Uses:
Capital Reserve	

$	-	

$	-	

$	-	

$	-	

$	-	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-	
						
Excess Revenues/(Expenditures)	$	-	$	182,663	$  (211,358)	$	(28,695)	$	(0)	
						
				Net Assessments	$	512,539	
Discounts and Collections (6%)  $		32,715  Gross Assessments  $	545,254 

Development	
Units	Net
Assessments	Net
Per Unit	Gross
Per Unit	
Single Family	369	$	433,575.00	$	1,175.00	$	1,250.00	
Unplatted Lots - Direct	687	$	78,963.74	$	114.94	$	122.28	
Total	1056	$ 512,538.74			

Development	
Units	FY26 Adopted
Gross Per Unit	FY27 Proposed
Gross Per Unit	
Variance	
Single Family	369	$	1,217.64	$	1,250.00	$	32.36	
Unplatted Lots - Direct	687	$	114.17	$	122.28	$	8.10	

Cypress Ridge
Community Development District
General Fund Budget

Revenues:

Assessments
The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year

Expenditures:

General & Administrative:

Supervisor Fees
Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering
The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney
The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration
The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage
The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2023 Special Assessment Revenue Bonds.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Trustee Fees
The District will incur trustee related costs with the Series 2023 Special Assessment Revenue Bonds.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Cypress Ridge
Community Development District
General Fund Budget

Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery
The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance
The District’s general liability and public official’s liability insurance coverages.

Copies
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Contingency
Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies
Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenses

Field Management
Represents the cost for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Property Insurance
The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Cypress Ridge
Community Development District
General Fund Budget

Landscape Maintenance
Represents the estimated cost provide for maintenance of the landscaping within the District. These services include mowing, edging, trimming, weed and disease control, fertilization, pest control, pruning, and irrigation inspections.

Landscape Replacement
Represents the estimated cost of replacing landscaping within the common areas of the District.

Irrigation Repairs
Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

Lake Maintenance
Represents the estimated cost for the care and maintenance of its lakes which includes shoreline grass, brush and vegetation control.

Electric
Represents current and estimated electric charges of common areas throughout the District.

Streetlights
Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Water Reporting
The District is in contract with Ballanger Landcare to provide monthly monitoring and reporting of irrigation well flow meter readings in compliance with SWFWMD water use permit (WUP) requirements.

General Field Contingency
Represents funds allocated to expenses that the District could incur throughout the fiscal year for any field category.

Amenity Expenses

Amenity Management
Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

Amenity - Electric
Represents estimated electric charges for the District’s amenity facility.

Amenity – Water
Represents estimated water charges for the District’s amenity facility.

Internet
Represents the cost of internet service for the amenity facility.

Pest Control
The District will incur costs for pest control treatments to its amenity facilities.

Cypress Ridge
Community Development District
General Fund Budget

Pool and Janitorial Services
The District is in contact with H2 Pool Service to provide pool cleaning and janitorial services 3 times a week. The services include, but are not limited to, pool cleaning, restroom cleaning, pool deck services and monthly pressure washing.

Security Services
The District is in contract with Nation Security Services to provide security services for the amenity properties a minimum or 16 hours a week.

Amenity Repairs & Maintenance
Represents estimated costs for repairs and maintenance of the District’s amenity facilities and equipment.

Holiday Lighting
Represents funds allocated to decorate the amenity areas for the holidays.

Contingency
Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Cypress Ridge
Community Development District
Approved Proposed Budget Series 2023 Debt Service Fund

Description	Adopted Budget FY2026	Actuals Thru 5/31/26	Projected Next
4 Months	Projected Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Assessments - Direct	$	824,642	$	826,439	$	-	$	826,439	$	409,727	
Assessments- Prepayment	$	-	$  2,295,823	$	150,000	$  2,445,823		
Interest	$	-	$	45,452	$	63,633	$	109,085	$	-	
Carry Forward Surplus	$	450,873	$  1,272,281	$	-	$  1,272,281	$	(0)	
Total Revenues	$ 1,275,514	$ 4,439,995	$	213,633	$ 4,653,628	$	409,727	

Expenditures						
Interest Expense - 11/1	$	335,000	$	335,000	$	-	$	335,000	$	281,072	
Special Call - 11/1	$	-	$  1,360,000	$	430,000	$  1,790,000	$	-	
Principal Expense - 5/1	$	185,000	$	155,000	$	155,000	$	310,000	$	160,000	
Interest Expense - 5/1	$	335,000	$	303,778	$	284,850	$	588,628	$	281,072	
Interest Expense - 2/1	$	-	$	-	$	-	$	-	$	-	
Special Call - 2/1	$	-	$  1,330,000	$	-	$  1,330,000	$	-	
Special Call - 5/1	$	-	$	-	$	300,000	$	300,000	$	-	
Total Expenditures	$	855,000	$	3,483,778	$	1,169,850	$	4,653,628	$	722,144	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	

-	

$	

-	

$	

-	

$	

-	

$	

-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	
											
Excess Revenues/(Expenditures)	$	420,514	$	956,217	$	(956,217)	$	(0)	$	(312,416)	

Interest Expense 11/1/27	 $	277,172 
Total	$	277,172

Development	
Units	Net
Assessments	Net
Per Unit	Gross
Per Unit	
Single Family 40'	77	$	159,540.15	$	2,071.95	$	2,204.20	
Single Family 50'	87	$	225,323.91	$	2,589.93	$	2,755.25	
Single Family 60'	8	$	24,863.36	$	3,107.92	$	3,306.30	
Total	172	$ 409,727.42			

Cypress Ridge
Community Development District Special Assessment Revenue Bond, Series 2023

Period Ending	Principal Balance		Annual Principal	
Interest Rate	
Interest	Annual Debt	
							
11/01/26	$9,845,000			4.875%	$281,071.88	$281,071.88	
05/01/27	$9,845,000	$	160,000.00	4.875%	$281,071.88		
11/01/27	$9,685,000			4.875%	$277,171.88	$718,243.76	
05/01/28	$9,685,000	$	170,000.00	4.875%	$277,171.88		
11/01/28	$9,515,000			4.875%	$273,028.13	$720,200.01	
05/01/29	$9,515,000	$	180,000.00	4.875%	$273,028.13		
11/01/29	$9,335,000			4.875%	$268,640.63	$721,668.76	
05/01/30	$9,335,000	$	190,000.00	4.875%	$268,640.63		
11/01/30	$9,145,000			5.625%	$264,009.38	$722,650.01	
05/01/31	$9,145,000	$	200,000.00	5.625%	$264,009.38		
11/01/31	$8,945,000			5.625%	$258,384.38	$722,393.76	
05/01/32	$8,945,000	$	210,000.00	5.625%	$258,384.38		
11/01/32	$8,735,000			5.625%	$252,478.13	$720,862.51	
05/01/33	$8,735,000	$	220,000.00	5.625%	$252,478.13		
11/01/33	$8,515,000			5.625%	$246,290.63	$718,768.76	
05/01/34	$8,515,000	$	235,000.00	5.625%	$246,290.63		
11/01/34	$8,280,000			5.625%	$239,681.26	$720,971.89	
05/01/35	$8,280,000	$	250,000.00	5.625%	$239,681.26		
11/01/35	$8,030,000			5.625%	$232,650.01	$722,331.27	
05/01/36	$8,030,000	$	260,000.00	5.625%	$232,650.01		
11/01/36	$7,770,000			5.625%	$225,337.51	$717,987.52	
05/01/37	$7,770,000	$	280,000.00	5.625%	$225,337.51		
11/01/37	$7,490,000			5.625%	$217,462.51	$722,800.02	
05/01/38	$7,490,000	$	295,000.00	5.625%	$217,462.51		
11/01/38	$7,195,000			5.625%	$209,165.63	$721,628.14	
05/01/39	$7,195,000	$	310,000.00	5.625%	$209,165.63		
11/01/39	$6,885,000			5.625%	$200,446.88	$719,612.51	
05/01/40	$6,885,000	$	330,000.00	5.625%	$200,446.88		
11/01/40	$6,555,000			5.625%	$191,165.63	$721,612.51	
05/01/41	$6,555,000	$	350,000.00	5.625%	$191,165.63		
11/01/41	$6,205,000			5.625%	$181,321.88	$722,487.51	
05/01/42	$6,205,000	$	370,000.00	5.625%	$181,321.88		
11/01/42	$5,835,000			5.625%	$170,915.63	$722,237.51	
05/01/43	$5,835,000	$	390,000.00	5.625%	$170,915.63		
11/01/43	$5,445,000			5.625%	$159,946.88	$720,862.51	
05/01/44	$5,445,000	$	415,000.00	5.875%	$159,946.88		
11/01/44	$5,030,000			5.875%	$147,756.25	$722,703.13	
05/01/45	$5,030,000	$	435,000.00	5.875%	$147,756.25		

Cypress Ridge
Community Development District Special Assessment Revenue Bond, Series 2023

Period Ending	Principal Balance	Annual Principal	
Interest Rate	
Interest	Annual Debt	

11/01/45	
$4,595,000		
5.875%	
$134,978.13	
$717,734.38	
05/01/46	$4,595,000  $	465,000.00	5.875%	$134,978.13		
11/01/46	$4,130,000		5.875%	$121,318.75	$721,296.88	
05/01/47	$4,130,000  $	490,000.00	5.875%	$121,318.75		
11/01/47	$3,640,000		5.875%	$106,925.00	$718,243.75	
05/01/48	$3,640,000  $	520,000.00	5.875%	$106,925.00		
11/01/48	$3,120,000		5.875%	$91,650.00	$718,575.00	
05/01/49	$3,120,000  $	555,000.00	5.875%	$91,650.00		
11/01/49	$2,565,000		5.875%	$75,346.88	$721,996.88	
05/01/50	$2,565,000  $	585,000.00	5.875%	$75,346.88		
11/01/50	$1,980,000		5.875%	$58,162.50	$718,509.38	
05/01/51	$1,980,000  $	620,000.00	5.875%	$58,162.50		
11/01/51	$1,360,000		5.875%	$39,950.00	$718,112.50	
05/01/52	$1,360,000  $	660,000.00	5.875%	$39,950.00		
11/01/52	$700,000		5.875%	$20,562.50	$720,512.50	
05/01/53	$700,000  $	700,000.00	5.875%	$20,562.50		
11/01/53					$720,562.50	
Total	$	9,845,000.00		$9,891,637.74	$19,736,637.74	

Section V

RESOLUTION 2026-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT SETTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2027; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Cypress Ridge Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within Hillsborough County, Florida; and

WHEREAS, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

WHEREAS, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and

WHEREAS, the Board of Supervisors desires to adopt an annual meeting schedule for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2027”), attached as Exhibit A.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. The Fiscal Year 2027 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 9th day of July 2026.

ATTEST:	CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Fiscal Year 2027 Annual Meeting Schedule

EXHIBIT A:

CYPRESS RIDGE COMMUNITY DEVELOPMENT DISTRICT NOTICE OF MEETINGS FOR FISCAL YEAR 2027

The Board of Supervisors (“Board”) of the Cypress Ridge Community Development District (“District”) will hold their regular meetings for Fiscal Year 2027 at the Hampton Inn – Plant City, 2702 Thonotosassa Road, Plant City, Florida 33563, at 2:00 p.m., on the 2nd Thursday of the month, on the following dates, unless otherwise indicated as follows:

October 8, 2026
November 12, 2026
December 10, 2026
January 14, 2027
February 11, 2027
March 11, 2027
April 8, 2027
May 13, 2027
June 10, 2027
July 8, 2027
August 12, 2027
September 9, 2027

The meetings will be conducted in accordance with the provisions of Florida law for community development districts and, other than the closed session described above, will be open to the public. The meetings may be continued in progress without additional notice to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for the meetings may be obtained by contacting the office of the District Manager c/o Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801; Phone: (407) 841-5524 (“District Manager’s Office”).

There may be occasions when one or more Board supervisors or staff will participate by speaker telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at any meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least three (3) business days prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

A person who decides to appeal any decision made at a meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager

Section VI

Items will be provided to Board under separate cover for confidentiality purposes.

Section VII

Section A

Cypress Ridge Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2026 – September 30, 2027

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least two regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of two board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised in accordance with Florida Statutes, on at least two mediums (i.e., newspaper, CDD website, electronic communications). Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐
 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.

Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐
Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection and transmit to the State of Florida.

Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Cypress Ridge Community Development District

District Manager:		Date:	 Print Name:	 
Cypress Ridge Community Development District

Section B

Cypress Ridge Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2025 – September 30, 2026

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least two regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of two board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised in accordance with Florida Statutes, on at least two mediums (i.e., newspaper, CDD website, electronic communications). Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐
 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.

Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐
Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection and transmit to the State of Florida.

Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Cypress Ridge Community Development District

District Manager:		Date:	 Print Name:	 
Cypress Ridge Community Development District

Section VIII

Section C

Item will be provided under separate cover.

Section 1

SECTION (a)

Cypress Ridge Community Development District Landscape Fee Summary

Contractor: Cardinal Landscaping Services of Tampa, Inc.	Property: Cypress Ridge CDD

Address: 817 E. Okaloosa Ave., Tampa, FL 33604	Address: 4530 Eagles Falls Place Tampa, FL 33619
Phone: 813-915-9696	Phone: 407-346-2453
Fax:
Contact: Michael Mantei	Contact: Marshall Tindall
Email: mcmantei@yahoo.com	Email: mtindall@gmscfl.com

JAN	
FEB	
MAR	
APRIL	
MAY	
JUN	
JUL	
AUG	
SEP	
OCT	
NOV	
DEC	
TOTAL	
Turf Maintenance and Detailing (Component A) -
Turf Maintenance/Detailing/Communication/Staffing	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$12,000.00	

$144,000.00	
TURF CARE

(Component B)

Bahia/St Augustine/Zoysia	

$400.00	

$400.00	

$400.00	

$400.00	

$400.00	

$400.00	

$400.00	

$400.00	

$400.00	

$400.00	

$400.00	

$400.00	

$4,800.00	
TREE/SHRUB CARE Includes OTC if Applicable (Component C)
Tree/Shrub Fert/OTC/Drenching	

$300.00	

$300.00	

$300.00	

$300.00	

$300.00	

$300.00	

$300.00	

$300.00	

$300.00	

$300.00	

$300.00	

$300.00	

$3,600.00	
IRRIGATION MAINT.

(Component D)

Irrigation Inspections	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$1,000.00	

$12,000.00	
ANNUAL CHANGES -

(Component E.1)	
$281.25			
$281.25			
$281.25			
$281.25			

$1,125.00	
Per Annual Pricing: 3.75. Currently 75 annuals on one side	75			75			75			75				
BED DRESSING - Estimate mulch yds					
$11,250.00						
$5,625.00			
(Component E.2)													$16,875.00	
[Mulch Type] Per Yard Pricing: $75 Pine Bark / Coco Brown					150						75			
PALM TRIMMING	2x Per Year					
$5,250.00									
(Component E.3) Per Palm Price:	$75													$5,250.00	
Palm counts: 70					70									

TOTAL FEE PER MONTH:	
$13,981.25	
$13,700.00	
$13,700.00	
$13,981.25	
$30,200.00	
$13,700.00	
$13,981.25	
$13,700.00	
$13,700.00	
$13,981.25	
$19,325.00	
$13,700.00	
$187,650	

Fee Schedule with Extra Services	$15,637.50	$15,637.50	$15,637.50	$15,637.50	$15,637.50	$15,637.50	$15,637.50	$15,637.50	$15,637.50	$15,637.50	$15,637.50	$15,637.50	

Fee Schedule Essential Services Only	$13,700	$13,700	$13,700	$13,700	$13,700	$13,700	$13,700	$13,700	$13,700	$13,700	$13,700	$13,700	

$164,400.00

Essential Services
Mowing/Detailing/Irrigation/Fert and Pest

$400.00

$23,250.00

Extra Services
Annual Changes, Palm Pruning, Mulch

$187,650.00

TOTAL

Initials	 	

SECTION (b)

Item will be provided under separate cover.

Section D

Section 1

Cypress Ridge Community Development District

Summary of Check Register

June 1, 2026 to June 30, 2026

Fund	Date	Check No.'s		Amount		

General Fund
6/3/26	

263	

$		

1,776.60	
6/11/26	264-266	$		2,469.50	
6/24/26	267-273	 $	21,718.18 	
	Subtotal	 $	25,964.28 	

General Fund - Auto Pay (June 2026)

TECO

$	9,451.60

Frontier Subtotal

 $	49.99 
 $	9,501.59 

Total Amount	$	35,465.87

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/02/26	PAGE	1
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CYPRESS RIDGE GENERAL FUND
BANK A CYPRESS RIDGE GF

DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
6/03/26	00038	6/02/26	84891	202606 320-53900-49100	*	1,776.60			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

	MENS RESTROOM RPR
ALVAREZ PLUMBING &	A/C																1,776.60	000263	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
6/11/26 00036	6/01/26 864	202606 320-53900-49100										*						250.00			
	WATER USE REPORTING JUNE																			
	BALLENGER LANDCARE																	250.00	000264	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
6/11/26 00032	6/01/26 3035	202606 330-57200-51000										*						1,750.00			

POOL MAINT

H2 LAGOON SOLUTIONS	1,750.00 000265

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/11/26 00003	6/03/26 90931-06 202606 310-51300-48000	*	469.50
LEGAL ADVERTISING
TIMES PUBLISHING COMPANY	469.50 000266
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/26 00040	6/18/26 50979	202606 330-57200-48100	*	300.00

ALL AMERICAN LAWN AND TREE SOLUTION
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- - - - - 2,361.20	
8,850.00
E MAINT
CARDINAL LANDSCAPING	

PEST CONTROL

- - - - - - - - - - - - - - - - - - - -
6/24/26 00022	6/12/26 28677	202606 320-53900-47300	* IRR RPR
6/23/26 28689	202606 320-53900-47100	* JUNE LANDSCAP
- - - - - - - - - - - - - - - - - - - -
6/24/26 00039	6/12/26 117177	202606 330-57200-46000
GATE RPR
- - - - - - - - - - - - - - - - - - - -
6/24/26 00033	4/30/26 10	202604 330-57200-46000

330-57200-46000	*	2,170.00	
330-57200-46000	*	110.00	
330-57200-46000	*	343.34	

AMENITY MAINT
4/30/26 7	202604
TRASH CLEANUP
4/30/26 8	202604
NET MAINT
4/30/26 9	202604
SIGN INSTALL

300.00 000267
- - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - -	-	-	- -
*	-	-	-	-	-	-	- - - - 352.50	
CURRENT DEMANDS
- - - - - - - - - - - - - - - - - - - - - - - -	
-	
-	
- -
*	
-	
-	
-	
-	
-	
-	
- - - -
357.50	

11,211.20 000268
- - - - - - - -

352.50 000269
- - - - - - - -

GOVERNMENTAL MANAGEMENT SERVICES TA	2,980.84 000270
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/24/26 00002	6/01/26 143	202606 320-53900-34000	*	1,250.00
FIELD MGMT
6/01/26 144	202606 310-51300-34000	*	3,343.67
MGMT FEES
6/01/26 144	202606 310-51300-35200	*	108.17
WEBSITE ADMIN
CRCD CYPRESS RIDGE	LPOPELKA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/02/26	PAGE	2
*** CHECK DATES 06/01/2026 - 06/30/2026 ***	CYPRESS RIDGE GENERAL FUND
BANK A CYPRESS RIDGE GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

	6/01/26 144	202606 310-51300-35100	*					162.25		
	INFORMATION TECH
6/01/26 144	202606 310-51300-31300	*					437.50		
	DISS AGENT								
	6/01/26 144	202606 330-57200-48300	*					833.33		
	AMENITY ACCESS								
	6/01/26 144	202606 310-51300-42000	*					61.02		
	POSTAGE								
	GOVERNMENTAL MANAGEMENT SERVICES							6,195.94	000271	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
6/24/26 00014	6/17/26 15132	202605 310-51300-31500	*					214.50			
	ATTORNEY FEES									
	KILINSKI VAN WYK PLLC							214.50	000272	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
6/24/26 00041	6/22/26 102616	202606 330-57200-49100	*					463.20			
	SECURITY									
	NATION SECURITY SERVICES							463.20	000273	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
	TOTAL FOR BANK A						25,964.28			
	TOTAL FOR REGISTER						25,964.28			

CRCD CYPRESS RIDGE	LPOPELKA

Section 2

Cypress Ridge
Community Development District

Unaudited Financial Reporting
June 30, 2026

	Table of Contents	

1	
Balance Sheet	

2-3	

General Fund	

4	

Debt Service - Series 2023	

5	

Capital Projects Fund	

6-7	

Month to Month	

8	

Long Term Debt Report	

9	

Assessment Receipt Schedule	

Cypress Ridge
Community Development District Combined Balance Sheet
June 30, 2026

General
Fund

Debt Service
Fund

Capital Projects
Fund

Total
Governmental Fund

Assets:		
Operating Account	$	153,422	$	-	$	-	$	153,422	
Due From Developer	-	-	(38,152)	(38,152)	
Due from General Fund	-	9,126	-	9,126	
Prepaid Items Investments:
Series 2023	-	-
-	-
-	-	
Reserve	-	327,608	-	327,608	
Revenue	-	462,494	-	462,494	
Interest	-	-	-	-	
Prepayment	-	475,064	-	475,064	
Construction	-	-	129,906	129,906	
Total Assets	$	153,422	$	1,274,291	$	91,754	$	1,519,467	
Liabilities:				
Accounts Payable	$	-	$	-	$	-	$	-	
Accrued Expenses	-	-	-	-	
Due To Debt Service	9,126	-	-	9,126	
FICA Payable	275	-	-	275	
Federal Witholding	100	-	-	100	
Total Liabilities	$	9,501	$	-	$	-	$	9,501	

Fund Balances:				
Nonspendable:				
Deposits and Prepaid Items	$	-	$	-	$	-	$	-	
Restricted for:				
Debt Service	-	1,274,291	-	1,274,291	
Capital Projects	-	-	91,754	91,754	
Unassigned	143,921	-	-	143,921	
Total Fund Balances	$	143,921	$	1,274,291	$	91,754	$	1,509,966	
					
Total Liabilities & Fund Balance	$	153,422	$	1,274,291	$	91,754	$	1,519,467	

Cypress Ridge
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	

Revenues					
Assessments- Tax Roll	$	422,352	$	422,352	$	423,308	$	956	
Assessments- Direct	73,731	73,731	$	55,297	(18,434)	
Total Revenues	$	496,083	$	496,083	$	478,604	$ (17,479)	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	6,000	$	4,500	$	4,400	$	100	
FICA Expense	459	344	337	8	
Engineering	10,000	7,500	-	7,500	
Attorney	15,000	11,250	11,527	(277)	
Annual Audit	3,300	3,300	3,800	(500)	
Assessment Administration	5,000	5,000	5,000	-	
Arbitrage	900	675	-	675	
Dissemination	5,250	3,938	3,938	-	
Amortization Schedules	600	600	1,500	(900)	
Disclosure Software	1,500	1,500	1,500	-	
Trustee Fees	8,020	6,015	-	6,015	
Management Fees	40,124	30,093	30,093	(0)	
Information Technology	1,947	1,460	1,460	(0)	
Website Maintenance	1,298	973	974	(0)	
Postage & Delivery	600	600	790	(190)	
Insurance	6,686	6,686	6,163	523	
Copies	850	638	-	638	
Legal Advertising	2,500	2,500	2,796	(296)	
Contingency	2,500	1,875	1,334	541	
Office Supplies	625	469	16	453	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	113,333	$	90,090	$	75,801	$  14,289	

Cypress Ridge
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	

Operations & Maintenance					
Field Expenses					
Field Management	$	15,000	$	11,250	$	11,250	$	-	
Property Insurance	10,000	10,000	6,060	3,940	
Landscape Maintenance	125,500	94,125	79,650	14,475	
Landscape Replacement & Enhancements	5,000	5,000	2,500	2,500	
Irrigation Repairs	2,500	2,500	9,846	(7,346)	
Lake Maintenance	25,000	18,750	11,865	6,885	
Electric	5,000	3,750	4,795	(1,045)	
Streetlighting	95,000	71,250	69,554	1,696	
General Field Contingency	10,000	10,000	11,094	(1,094)	
Total Field Operations	$	293,000	$	226,625	$	206,613	$  20,012	

Amenity Expenses					
Amenity Management	$	8,583	$	6,438	$	5,833	$	604	
Amenity - Electric	12,500	9,375	7,875	1,500	
Amenity- Water	4,167	3,125	6,264	(3,139)	
Internet	2,500	1,875	494	1,381	
Pest Control	1,250	938	300	638	
Janitorial Services	15,417	11,563	-	11,563	
Pool Maintenance	22,500	16,875	10,500	6,375	
Amenity Repairs and Maintenance	8,333	6,250	3,333	2,917	
Amenity Contingency	14,500	14,500	15,523	(1,023)	
Total Amenity	$	89,750	$	70,938	$	50,123	$  20,814	
					
Total Expenditures	$	496,083	$	387,653	$	332,538	$  55,115	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	146,067		
					
Fund Balance - Beginning	$	-		$	(2,146)		
					
Fund Balance - Ending	$	-		$	143,921		

Cypress Ridge
Community Development District Debt Service Fund - Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/26	Thru 06/30/26	Variance	
Revenues:					
Assessments - Tax Roll	$	824,642	$	824,642	$	826,439	$	1,798	
Assessments - Prepayments	$	-	$	-	$	2,295,823	$	2,295,823	
Interest	$	-	$	-	$	45,452	$	45,452	
Total Revenues	$	824,642	$	824,642	$	3,167,714	$	2,343,073	

Expenditures:					
Interest Expense - 11/1	$	335,000	$	335,000	$	335,000	$	-	
Special Call - 11/1	$	-	$	-	$	1,360,000	$	(1,360,000)	
Special Call - 2/1	$	-	$	-	$	1,330,000	$	(1,330,000)	
Principal Expense - 5/1	$	185,000	$	155,000	$	155,000	$	-	
Interest Expense - 5/1	$	335,000	$	303,778	$	303,778	$	-	
Total Expenditures	$	855,000	$	793,778	$	3,483,778	$	(2,690,000)	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	12	$	12	
Total Other Financing Sources (Uses)	$	-	$	-	$	12	$	12	
					
Excess Revenues (Expenditures)	$	(30,358)		$	(316,052)		
					
Fund Balance - Beginning	$	450,873		$	1,590,343		
					
Fund Balance - Ending	$	420,514		$	1,274,291		

Cypress Ridge
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2026

	Proposed	Prorated Budget	Actual		
		Budget	Thru 06/30/26	Thru 06/30/26	Variance	

Revenues						
Developer Contributions	$		-	$	1,584,471	$	1,584,471	$	-	
Interest	$		-	$	-	$	2,707	$	2,707	
Total Revenues	$		-	$	1,584,471	$	1,587,177	$	2,707	

Expenditures:						
Contingency Capital Outlay	$
$		-	$	-
-	$	1,642,941	$	-
$	1,642,941	$	-
$	-	
Total Expenditures	$		-	$	1,642,941	$	1,642,941	$	-	

Other Financing Sources:						
Transfer In/(Out)	$		-	$	-	$	(12)	$	(12)	

Total Other Financing Sources (Uses)	$	-	$	-	$	(12)	$	(12)	
	
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(55,776)	

Fund Balance - Beginning	$	-	$	147,530	
			
Fund Balance - Ending	$	-	$	91,754	

Cypress Ridge
Community Development District Month to Month

	Oct		Nov		Dec		Jan		Feb		Mar		Apr		May		Jun	Jul	Aug	Sep		Total	

Revenues																								
Assessments- Tax Roll	$	-	$	75,900	$	342,698	$	2,553	$	2,121	$	-	$	36	$	-	$	-	$	-	$	-	$	-	$	423,308	
Assessments- Direct	$	36,864	$	-	$	-	$	-	$	18,432	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	55,297	
Total Revenues	$	36,864	$	75,900	$	342,698	$	2,553	$	20,553	$	-	$	36	$	-	$	-	$	-	$	-	$	-	$	478,604	

Expenditures:																								
General & Administrative:																								
Supervisor Fees	$	1,000	$	-	$	600	$	-	$	-	$	-	$	2,800	$	-	$	-	$	-	$	-	$	-	$	4,400	
FICA Expense	$	77	$	-	$	46	$	-	$	-	$	-	$	214	$	-	$	-	$	-	$	-	$	-	$	337	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Attorney	$	1,367	$	1,045	$	1,693	$	1,497	$	1,483	$	2,116	$	2,112	$	215	$	-	$	-	$	-	$	-	$	11,527	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,800	$	-	$	-	$	-	$	-	$	3,800	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,000	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Dissemination	$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	-	$	-	$	-	$	3,938	
Amortization Schedules	$	500	$	-	$	-	$	500	$	-	$	-	$	500	$	-	$	-	$	-	$	-	$	-	$	1,500	
Disclosure Software	$	1,500	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,500	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Management Fees	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	-	$	-	$	-	$	30,093	
Information Technology	$	162	$	162	$	162	$	162	$	162	$	162	$	162	$	162	$	162	$	-	$	-	$	-	$	1,460	
Website Maintenance	$	108	$	108	$	108	$	108	$	108	$	108	$	108	$	108	$	108	$	-	$	-	$	-	$	974	
Postage & Delivery	$	222	$	114	$	108	$	60	$	-	$	108	$	39	$	78	$	61	$	-	$	-	$	-	$	790	
Insurance	$	6,163	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	6,163	
Copies	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Legal Advertising	$	-	$	2,327	$	-	$	-	$	-	$	-	$	-	$	-	$	470	$	-	$	-	$	-	$	2,796	
Contingency	$	48	$	211	$	303	$	151	$	53	$	61	$	213	$	239	$	54	$	-	$	-	$	-	$	1,334	
Office Supplies	$	-	$	3	$	3	$	3	$	-	$	1	$	4	$	3	$	-	$	-	$	-	$	-	$	16	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	175	
Total General & Administrative:	$	20,104	$	7,750	$	6,803	$	6,262	$	5,588	$	6,338	$	9,934	$	8,387	$	4,636	$	-	$	-	$	-	$	75,801	

Cypress Ridge
Community Development District Month to Month

	Oct	Nov		Dec		Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep		Total	

Operation and Maintenance																		
Field Expenditures																		
Field Management	$	1,250  $	1,250	$	1,250	$	1,250  $	1,250  $	1,250  $	1,250  $	1,250  $	1,250  $	-	$	-	$	-	$	11,250	
Property Insurance	$	1,960  $	-	$	-	$	-  $	-  $	4,100  $	-  $	-  $	-  $	-	$	-	$	-	$	6,060	
Landscape Maintenance	$	8,850  $	8,850	$	8,850	$	8,850  $	8,850  $	8,850  $	8,850  $	8,850  $	8,850  $	-	$	-	$	-	$	79,650	
Landscape Replacement & Enhancements	$	-  $	-	$	-	$	-  $	2,500  $	-  $	-  $	-  $	-  $	-	$	-	$	-	$	2,500	
Irrigation Repairs	$	-  $	-	$	-	$	-  $	1,911  $	1,073  $	4,500  $	-  $	2,361  $	-	$	-	$	-	$	9,846	
Lake Maintenance	$	1,695  $	1,695	$	1,695	$	1,695  $	1,695  $	-  $	1,695  $	1,695  $	-  $	-	$	-	$	-	$	11,865	
Electric	$	-  $	-	$	1,417	$	969  $	1,085  $	1,031  $	140  $	93  $	60  $	-	$	-	$	-	$	4,795	
Streetlighting	$	7,807  $	7,807	$	7,738	$	7,738  $	7,693  $	7,693  $	7,693  $	7,693  $	7,693  $	-	$	-	$	-	$	69,554	
General Field Contingency	$	1,930  $	-	$	3,971	$	421  $	1,790  $	-  $	250  $	250  $	2,482  $	-	$	-	$	-	$	11,094	
Total Field Expenditures:	$	23,492  $	19,602	$	24,921	$	20,923  $	26,774  $	23,997  $	24,378  $	19,831  $	22,696  $	-	$	-	$	-	$	206,613	

Amenity Expenditures																		
Amenity Management	$	-  $	-	$	833	$	833  $	833  $	833  $	833  $	833  $	833  $	-	$	-	$	-	$	5,833	
Amenity - Electric	$	-  $	-	$	-	$	-  $	2,666  $	1,453  $	1,362  $	1,151  $	1,243  $	-	$	-	$	-	$	7,875	
Amenity- Water	$	-  $	-	$	-	$	-  $	3,339  $	2,925  $	-  $	-  $	-  $	-	$	-	$	-	$	6,264	
Internet	$	-  $	-	$	-	$	244  $	50  $	50  $	50  $	50  $	50  $	-	$	-	$	-	$	494	
Pest Control	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	300  $	-	$	-	$	-	$	300	
Janitorial Services	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-	$	-	$	-	$	-	
Pool Maintenance	$	-  $	-	$	-	$	1,750  $	1,750  $	1,750  $	1,750  $	1,750  $	1,750  $	-	$	-	$	-	$	10,500	
Amenity Repairs and Maintenance	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	2,981  $	353  $	-	$	-	$	-	$	3,333	
Amenity Contingency	$	-  $	-	$	-	$	560  $	-  $	-  $	14,500  $	-  $	463  $	-	$	-	$	-	$	15,523	
Total Amenity Expenditures	$	-  $	-	$	833	$	3,387  $	8,639  $	7,011  $	18,495  $	6,765  $	4,992  $	-	$	-	$	-	$	50,123	
																		
Total Expenditures	$	43,596  $	27,352	$	32,557	$	30,572  $	41,000  $	37,347  $	52,807  $	34,983  $	32,324  $	-	$	-	$	-	$	332,538	
																		
Excess (Deficiency) of Revenues over Expenditures	$	(6,731)  $	48,548	$	310,141	$	(28,019)  $	(20,447)  $	(37,347)  $	(52,770)  $	(34,983)  $	(32,324)  $	-	$	-	$	-	$	146,067	

Cypress Ridge
Community Development District Long Term Debt Report

SERIES 2023, SPECIAL ASSESSMENT REVENUE BONDS

Interest Rate:	4.875%, 5.625%, 5.875%
Maturity Date:	5/1/2053
Reserve Fund Definition	50% Maximum Annual Debt Service Reserve Fund Requirement		$361,400
Reserve Fund Balance	$327,608

Bonds Outstanding - 08/30/23	$13,000,000 LESS: Principal Payment - 05/01/24		($180,000)
LESS: Principal Payment - 02/01/25	($50,000)
LESS: Principal Payment - 05/01/25	($185,000)
LESS: Principal Payment - 05/1/25	($170,000)
LESS: Principal Payment - 08/1/25	($655,000)
LESS: Special Call - 11/1/25	($430,000)
LESS: Special Call - 2/1/26	($1,330,000)
LESS: Principal Payment - 05/1/26	($155,000)	
CURRENT BONDS OUTSTANDING	$9,845,000	

8

Cypress Ridge
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2026

	Gross Assessments	$  449,309.16	$ 877,278.27	$ 1,326,587.43	
	Net Assessments	$  422,350.61	$ 824,641.57	$ 1,246,992.18	
ON ROLL ASSESSMENTS		
33.87%	
66.13%	
100.00%	

Date	
Distribution	
Gross Amount	
Discoumt/Penalty	
Commission	
Interest	
Net Receipts	
O&M Portion	2023 Debt Service	
Total	

11/7/24	
11/01/2025-11/09/2025	
$25,167.13	
($1,006.69)	
($483.21)	
$0.00	
$23,677.23	
$8,019.37	
$15,657.86	
$23,677.23	
11/20/24	11/10/2025-11/16/2025	$213,028.62	($8,521.30)	($4,090.15)	$0.00	$200,417.17	$67,880.39	$132,536.78	$200,417.17	
12/03/25	11/17/2025-11/25/2025	$900,634.26	($36,026.28)	($17,292.15)	$0.00	$847,315.83	$286,982.04	$560,333.79	$847,315.83	
12/04/25	11/26/2025-11/30/2025	$135,291.37	($5,411.72)	($2,597.60)	$0.00	$127,282.05	$43,109.85	$84,172.20	$127,282.05	
12/18/25	12/01/2025-12/14/2025	$39,425.41	($1,446.62)	($759.57)	$0.00	$37,219.22	$12,605.98	$24,613.24	$37,219.22	
01/09/26	12/15/2025-12/31/2025	$6,520.32	($195.61)	($126.50)	$0.00	$6,198.21	$2,099.31	$4,098.90	$6,198.21	
01/16/26	Interest	$1,338.97	$0.00	$0.00	$0.00	$1,338.97	$453.50	$885.47	$1,338.97	
02/04/26	01/01/2026-01/31/2026	$6,520.32	($130.40)	($127.80)	$0.00	$6,262.12	$2,120.95	$4,141.17	$6,262.12	
04/23/26	Interest	$36.45	$0.00	$0.00	$0.00	$36.45	$36.45	$0.00	$0.00	

100.22%
0

Net Percent Collected
Balance Remaining to Collect

TOTAL	$  1,327,962.85  $	(52,738.62)  $ (25,476.98)  $	-	$  1,249,747.25  $  423,307.84  $ 826,439.41  $ 1,249,710.80

Land South Equities LLC 2026-01		
Net Assessments	
$	73,728.71	
$	55,296.53	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	
10/14/25	10/1/25	20982	$ 36,864.35	$	36,864.35	$	36,864.35	
	2/1/26	25052	$ 18,432.18	$	18,432.18	$	18,432.18	
	5/1/26		$ 18,432.18	$	-	$	-	
			$ 73,728.71	$	55,296.53	$	55,296.53	

9