Title: KBW Proposed Budget 2023-2024.xlsx
Author: JWalker

Kendall Breeze West Community Development District

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES | FISCAL YEAR 2023/2024 BUDGET
ADMINISTRATIVE ASSESSMENTS | 85,304
MAINTENANCE ASSESSMENTS | 72,964
DEBT ASSESSMENTS | 114,973
INTEREST INCOME | 360
TOTAL REVENUES | $	273,601
EXPENDITURES |
MAINTENANCE & OPERATIONS EXPENDITURES |
ENGINEERING - ANNUAL REPORT & INSPECTIONS | 2,000
STREET/ROADWAY & STORMWATER MAINTENANCE | 18,400
PRESERVATION AREA MAINTENANCE | 6,500
PRESSURE CLEANING | 10,500
ROADWAY RESURFACING PROJECT | 14,286
SPECIAL PROJECTS | 10,700
MISCELLANEOUS MAINTENANCE | 5,000
MAINTENANCE CONTINGENCY | 1,200
TOTAL MAINTENANCE & OPERATIONS EXPENDITURES | $	68,586
ADMINISTRATIVE EXPENDITURES |
SUPERVISOR FEES | 5,000
PAYROLL TAXES (EMPLOYER) | 383
MANAGEMENT | 32,388
SECRETARIAL & FIELD OPERATIONS | 6,000
LEGAL | 8,500
ASSESSMENT ROLL | 7,500
AUDIT FEES | 3,800
INSURANCE | 6,600
LEGAL ADVERTISING | 700
MISCELLANEOUS | 1,100
POSTAGE | 250
OFFICE SUPPLIES | 400
DUES & SUBSCRIPTIONS | 175
TRUSTEE FEES | 4,100
CONTINUING DISCLOSURE FEE | 350
WEBSITE MANAGEMENT | 2,000
ADMINISTRATIVE CONTINGENCY | 1,300
TOTAL ADMINISTRATIVE EXPENDITURES | $	80,546
TOTAL EXPENDITURES | $	149,132
REVENUES LESS EXPENDITURES | $	124,469
BOND PAYMENTS | (108,075)
BALANCE | $	16,394
COUNTY APPRAISER & TAX COLLECTOR FEE | (5,464)
DISCOUNTS FOR EARLY PAYMENTS | (10,930)
EXCESS/ (SHORTFALL) | $	-
CARRYOVER FROM PRIOR YEAR | 0
NET EXCESS / (SHORTFALL) | $	-

I

3/8/2023 8:02 AM

DETAILED PROPOSED BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES

FISCAL YEAR 2021/2022
ACTUAL

FISCAL YEAR 2022/2023
BUDGET

FISCAL YEAR 2023/2024
BUDGET

COMMENTS

ADMINISTRATIVE ASSESSMENTS | 82,667 | 84,395 | 85,304 | Expenditures Less Interest & 75% Of Carryover/.94
MAINTENANCE ASSESSMENTS | 73,497 | 73,496 | 72,964 | Expenditures Less 25% Of Carryover/.94
DEBT ASSESSMENTS | 117,390 | 115,471 | 114,973 | Bond Payments/.94
INTEREST INCOME | 160 | 180 | 360 | Estimated At $30 Per Month
TOTAL REVENUES | $	273,714 | $	273,542 | $	273,601 |
EXPENDITURES | | | |
MAINTENANCE & OPERATIONS EXPENDITURES | | | |
ENGINEERING - ANNUAL REPORT & INSPECTIONS | 1,575 | 1,200 | 2,000 | $800 Increase From 2022/2023 Budget
STREET/ROADWAY & STORMWATER MAINTENANCE | 5,375 | 18,400 | 18,400 | No Change From 2022/2023 Budget
PRESERVATION AREA MAINTENANCE | 9,548 | 6,500 | 6,500 | No Change From 2022/2023 Budget
PRESSURE CLEANING | 10,001 | 10,500 | 10,500 | No Change From 2022/2023 Budget
ROADWAY RESURFACING PROJECT | 0 | 14,286 | 14,286 | 14 Year Project (2nd Year - Total Cost: $200,000)
SPECIAL PROJECTS | 0 | 12,000 | 10,700 | $1,300 Decrease From 2022/2023 Budget
MISCELLANEOUS MAINTENANCE | 340 | 5,000 | 5,000 | No Change From 2022/2023 Budget
MAINTENANCE CONTINGENCY | 0 | 1,200 | 1,200 | No Change From 2022/2023 Budget
TOTAL MAINTENANCE & OPERATIONS EXPENDITURES | $	26,839 | $	69,086 | $	68,586 |
ADMINISTRATIVE EXPENDITURES | | | |
SUPERVISOR FEES | 1,800 | 6,000 | 5,000 | Supervisor Fees
PAYROLL TAXES (EMPLOYER) | 138 | 459 | 383 | Supervisor Fees *7.65%
MANAGEMENT | 30,540 | 31,452 | 32,388 | CPI Adjustment (Capped At 3%)
SECRETARIAL & FIELD OPERATIONS | 6,000 | 6,000 | 6,000 | No Change From 2022/2023 Budget
LEGAL | 7,218 | 8,000 | 8,500 | $500 Increase From 2022/2023 Budget
ASSESSMENT ROLL | 7,500 | 7,500 | 7,500 | As Per Contract
AUDIT FEES | 3,600 | 3,700 | 3,800 | Accepted Amount For 2022/2023 Audit
INSURANCE | 5,706 | 6,200 | 6,600 | Fiscal Year 2022/2023 Expenditure Was $6,134
LEGAL ADVERTISING | 368 | 700 | 700 | No Change From 2022/2023 Budget
MISCELLANEOUS | 935 | 1,100 | 1,100 | No Change From 2022/2023 Budget
POSTAGE | 130 | 275 | 250 | $25 Decrease From 2022/2023 Budget
OFFICE SUPPLIES | 332 | 400 | 400 | No Change From 2022/2023 Budget
DUES & SUBSCRIPTIONS | 175 | 175 | 175 | No Change From 2022/2023 Budget
TRUSTEE FEES | 4,089 | 4,100 | 4,100 | No Change From 2022/2023 Budget
CONTINUING DISCLOSURE FEE | 350 | 350 | 350 | No Change From 2022/2023 Budget
WEBSITE MANAGEMENT | 2,000 | 2,000 | 2,000 | No Change From 2022/2023 Budget
ADMINISTRATIVE CONTINGENCY | 0 | 1,100 | 1,300 | Administrative Contingency
TOTAL ADMINISTRATIVE EXPENDITURES | $	70,881 | $	79,511 | $	80,546 |
TOTAL EXPENDITURES | $	97,720 | $	148,597 | $	149,132 |
REVENUES LESS EXPENDITURES | $	175,994 | $	124,945 | $	124,469 |
BOND PAYMENTS | (111,903) | (108,543) | (108,075) | 2024 P & I Payments Less Earned Interest
BALANCE | $	64,091 | $	16,402 | $	16,394 |
COUNTY APPRAISER & TAX COLLECTOR FEE | (2,634) | (5,467) | (5,464) | Two Percent Of Total Assessment Roll
DISCOUNTS FOR EARLY PAYMENTS | (10,143) | (10,935) | (10,930) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	51,314 | $	- | $	- |
CARRYOVER FROM PRIOR YEAR | 0 | 0 | 0 | Carryover From Prior Year
NET EXCESS / (SHORTFALL) | $	51,314 | $	- | $	- |

II

3/8/2023 8:02 AM

DETAILED PROPOSED DEBT SERVICE FUND BUDGET KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES | FISCAL YEAR 2021/2022 ACTUAL | FISCAL YEAR 2022/2023 BUDGET | FISCAL YEAR 2023/2024 BUDGET | COMMENTS
Interest Income | 231 | 10 | 100 | Projected Interest For 2023/2024
NAV Tax Collection | 111,903 | 108,543 | 108,075 | 2024 P & I Payments Less Earned Interest
Total Revenues | $	112,134 | $	108,553 | $	108,175 |
EXPENDITURES | | | |
Principal Payments | 65,000 | 55,000 | 60,000 | Principal Payment Due In 2024
Interest Payments | 56,694 | 53,553 | 48,175 | Interest Payments Due In 2024
Total Expenditures | $	121,694 | $	108,553 | $	108,175 |
Excess / (Shortfall) | $	(9,560) | $	- | $	- |

Series 2004 Bond Information

Original Par Amount = | $1,580,000 | Annual Principal Payments Due: | May 1st
Interest Rate = | 5.875% | Annual Interest Payments Due: | May 1st & November 1st
Issue Date = | December 2004 | |

Maturity Date =

Par Amount As Of 1/1/23 =

May 2034

$905,000

3/8/2023 8:02 AM	^III

Kendall Breeze West Community Development District Assessment Comparison

| Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
2020/2021 | 2021/2022 | 2022/2023 | 2023/2024
Lot | Assessment | Assessment | Assessment | Assessment
Size | Before Discount* | Before Discount* | Before Discount* | Before Discount*
30 | Administrative | $	319.01 | $	397.00 | $	405.75 | $ | 410.12
| Maintenance | $	117.04 | $	353.35 | $	353.35 | $ | 350.79
Debt	$	529.38 | $	539.60 | $	530.78 | $	528.50
Sub-Total For Lot Size 30	$	965.43 | $	1,289.95 | $	1,289.88 | $	1,289.41
35 | Administrative | $	319.01 | $	397.00 | $	405.75 | $ | 410.12
| Maintenance | $	117.04 | $	353.35 | $	353.35 | $ | 350.79
Debt	$	602.65 | $	614.29 | $	604.25 | $	601.65
Sub-Total For Lot Size 35	$	1,038.70 | $	1,364.64 | $	1,363.35 | $	1,362.56

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:	
Thirty Foot Homes | 139
Thirty Five Foot Homes | 69
Total Units | 208

3/8/2023 8:02 AM	^IV