Kendall Breeze West Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
ADMINISTRATIVE ASSESSMENTS	84,879	
MAINTENANCE ASSESSMENTS	72,964	
DEBT ASSESSMENTS	115,336	
INTEREST INCOME	720	
		
TOTAL REVENUES	$	273,899	
		
EXPENDITURES		
MAINTENANCE & OPERATIONS EXPENDITURES		
ENGINEERING - ANNUAL REPORT & INSPECTIONS	3,000	
STREET/ROADWAY & STORMWATER MAINTENANCE	19,400	
PRESERVATION AREA MAINTENANCE	3,500	
PRESSURE CLEANING	10,500	
ROADWAY RESURFACING PROJECT	14,286	
SPECIAL PROJECTS	10,700	
SIDEWALK REPAIRS (MILLING & REPLACEMENTS)	5,500	
MISCELLANEOUS MAINTENANCE	0	
MAINTENANCE CONTINGENCY	1,700	
TOTAL MAINTENANCE & OPERATIONS EXPENDITURES	$	68,586	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	5,000	
PAYROLL TAXES (EMPLOYER)	383	
MANAGEMENT	33,348	
SECRETARIAL & FIELD OPERATIONS	6,000	
LEGAL	8,500	
ASSESSMENT ROLL	7,500	
AUDIT FEES	3,900	
INSURANCE	7,100	
LEGAL ADVERTISING	1,700	
MISCELLANEOUS	1,000	
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	$	83,006	
		
TOTAL EXPENDITURES	$	151,592	
		
REVENUES LESS EXPENDITURES	$	122,307	
		
BOND PAYMENTS	(108,416)	
		
BALANCE	$	13,891	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(5,464)	
DISCOUNTS FOR EARLY PAYMENTS	(10,927)	
		
EXCESS/ (SHORTFALL)	$	(2,500)	
		
CARRYOVER FROM PRIOR YEAR	2,500	
		
NET EXCESS / (SHORTFALL)	$	-	

I

5/5/2024 12:53 PM

DETAILED FINAL BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023
ACTUAL	
FISCAL YEAR 2023/2024
BUDGET	
FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	84,740	85,304	84,879	Expenditures Less Interest & Carryover/.94	
MAINTENANCE ASSESSMENTS	73,497	72,964	72,964	Expenditures/.94	
DEBT ASSESSMENTS	115,472	114,973	115,336	Bond Payments/.94	
INTEREST INCOME	6,202	360	720	Estimated At $60 Per Month	
					
TOTAL REVENUES	$	279,911	$	273,601	$	273,899		
					
EXPENDITURES					
MAINTENANCE & OPERATIONS EXPENDITURES					
ENGINEERING - ANNUAL REPORT & INSPECTIONS	4,188	2,000	3,000	$1,000 Increase From 2023/2024 Budget	
STREET/ROADWAY & STORMWATER MAINTENANCE	18,854	18,400	19,400	$1,000 Increase From 2023/2024 Budget	
PRESERVATION AREA MAINTENANCE	2,868	6,500	3,500	$3,000 Decrease From 2023/2024 Budget	
PRESSURE CLEANING	10,001	10,500	10,500	No Change From 2023/2024 Budget	
ROADWAY RESURFACING PROJECT	0	14,286	14,286	14 Year Project (3rd Year - Total Cost: $200,000)	
SPECIAL PROJECTS	11,975	10,700	10,700	No Change From 2023/2024 Budget	
SIDEWALK REPAIRS (MILLING & REPLACEMENTS)	0	0	5,500	Sidewalk Repairs (Milling & Replacements)	
MISCELLANEOUS MAINTENANCE	0	5,000	0	Line Item Eliminated	
MAINTENANCE CONTINGENCY	0	1,200	1,700	$500 Increase From 2023/2024 Budget	

TOTAL MAINTENANCE & OPERATIONS EXPENDITURES	$	47,886	$	68,586	$	68,586		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	2,800	5,000	5,000	Supervisor Fees	
PAYROLL TAXES (EMPLOYER)	214	383	383	Supervisor Fees *7.65%	
MANAGEMENT	31,452	32,388	33,348	CPI Adjustment (Capped At 3%)	
SECRETARIAL & FIELD OPERATIONS	6,000	6,000	6,000	No Change From 2023/2024 Budget	
LEGAL	9,015	8,500	8,500	No Change From 2023/2024 Budget	
ASSESSMENT ROLL	7,500	7,500	7,500	As Per Contract	
AUDIT FEES	3,700	3,800	3,900	$100 Increase From 2023/2024 Budget	
INSURANCE	6,134	6,600	7,100	Fiscal Year 2023/2024 Expenditure Was $6,594	
LEGAL ADVERTISING	292	700	1,700	Costs Will Increase Due To Closing Of The Miami Business Review	
MISCELLANEOUS	675	1,100	1,000	$100 Decrease From 2023/2024 Budget	
POSTAGE	150	250	250	No Change From 2023/2024 Budget	
OFFICE SUPPLIES	259	400	400	No Change From 2023/2024 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2023/2024 Budget	
TRUSTEE FEES	4,089	4,100	4,100	No Change From 2023/2024 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2023/2024 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2023/2024 Budget	
ADMINISTRATIVE CONTINGENCY	0	1,300	1,300	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,805	$	80,546	$	83,006		
					
TOTAL EXPENDITURES	$	122,691	$	149,132	$	151,592		
					
REVENUES LESS EXPENDITURES	$	157,220	$	124,469	$	122,307		
					
BOND PAYMENTS	(110,002)	(108,075)	(108,416)	2025 P & I Payments Less Earned Interest	
					
BALANCE	$	47,218	$	16,394	$	13,891		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,632)	(5,464)	(5,464)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(10,322)	(10,930)	(10,927)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	34,264	$	-	$	(2,500)		
					
CARRYOVER FROM PRIOR YEAR	0	0	2,500	Carryover From Prior Year	
					
NET EXCESS / (SHORTFALL)	$	34,264	$	-	$	-		

II

5/5/2024 12:53 PM

DETAILED FINAL DEBT SERVICE FUND BUDGET
KENDALL BREEZE WEST COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
3,355	
100	
500	
Projected Interest For 2024/2025	

NAV Tax Collection	
110,002	
108,075	
108,416	

2025 P & I Payments Less Earned Interest	

Total Revenues	
$	113,357	
$	108,175	
$	108,916		

EXPENDITURES					

Principal Payments	
55,000	
60,000	
65,000	
Principal Payment Due In 2025	

Interest Payments	
53,169	
48,175	
43,916	
Interest Payments Due In 2025	

Total Expenditures	
$	108,169	
$	108,175	
$	108,916		

Excess / (Shortfall)	
$	5,188	
$	-	
$	-		

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 1/1/24 =	May 2034

$840,000			

5/5/2024 12:53 PM	III

Kendall Breeze West Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	2021/2022	2022/2023	2023/2024	2024/2025	
Lot	Assessment	Assessment	Assessment	Assessment	
Size	 Before Discount* 	  Before Discount*			Before Discount*			Before Discount*		

30	
Administrative	
$	397.00	
$	405.75	
$	410.12	
$	
408.08	
	Maintenance	$	353.35	$	353.35	$	350.79	$	350.79	
Debt	$	539.60	 $	530.78	$	528.50	$	530.16	
Sub-Total For Lot Size 30	$	1,289.95	$	1,289.88	$	1,289.41	$	1,289.03	

35	
Administrative	
$	397.00	
$	405.75	
$	410.12	
$	
408.08	
	Maintenance	$	353.35	$	353.35	$	350.79	$	350.79	
Debt	$	614.29	 $	604.25	$	601.65	$	603.55	
Sub-Total For Lot Size 35	$	1,364.64	$	1,363.35	$	1,362.56	$	1,362.42	

* 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	

5/5/2024 12:53 PM	IV