Kendall Breeze West Community Development District

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

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

Notes
Fund Balance Includes Roadway Resurfacing Project Reserve ($42,858 as of 8/31/25). Funds To Be Added To Roadway Resurfacing Project Reserve In October 2025.

Notes
Reserve Funds Totaling $2,500 used to reduce Fiscal Year 2024/2025 Assessments. Reserve Funds Totaling $8,700 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

9/8/2025 7:58 AM

$217,890

$28,926

$246,816

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Administrative Assessments

84,879

85,587

85,587

Maintenance Assessments

72,964

72,964

72,964

Debt Assessments

115,336

114,807

114,807

Other Revenue

0

0

0

Interest Income

720

8,340

8,339

TOTAL REVENUES

$	273,899

$	281,698

$	281,697

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

3,200

2,200

Payroll Taxes - Employer

383

268

168

Management

33,348

33,348

30,569

Secretarial & Field Operations

6,000

6,000

5,500

Legal

8,500

8,500

6,408

Assessment Roll

7,500

7,500

0

Audit Fees

3,900

3,500

3,500

Insurance

7,100

6,858

6,858

Legal Advertisements

1,700

2,500

1,478

Miscellaneous

1,000

1,250

978

Postage

250

100

74

Office Supplies

400

200

169

Dues & Subscriptions

175

175

175

Trustee Fees

4,100

4,089

4,089

Continuing Disclosure Fee

350

350

0

Website Management

2,000

2,000

1,833

Administrative Contingency

1,300

1,300

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	83,006

$	81,138

$	63,999

MAINTENANCE EXPENDITURES

Engineering - Annual Report & Inspections

3,000

1,966

1,966

Street/Roadway & Stormwater Maintenance

19,400

10,000

0

Preservation Area Maintenance

3,500

3,500

2,729

Pressure Cleaning

10,500

10,001

10,001

Roadway Resurfacing Project

14,286

14,286

0

Special Projects

10,700

5,350

0

Sidewalk Repairs (Milling & Replacements)

5,500

2,750

0

Maintenance Contingency

1,700

1,600

1,600

TOTAL MAINTENANCE EXPENDITURES

$	68,586

$	49,453

$	16,296

TOTAL EXPENDITURES

$	151,592

$	130,591

$	80,295

REVENUES LESS EXPENDITURES

$	122,307

$	151,107

$	201,402

Bond Payments

(108,416)

(109,446)

(109,446)

BALANCE

$	13,891

$	41,661

$	91,956

County Appraiser & Tax Collector Fee

(5,464)

(2,629)

(2,629)

Discounts For Early Payments

(10,927)

(10,106)

(10,106)

EXCESS/ (SHORTFALL)

$	(2,500)

$	28,926

$	79,221

Carryover From Prior Year

2,500

2,500

0

NET EXCESS/ (SHORTFALL)

$	-

$	31,426

$	79,221

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

Notes
Reserve Fund Balance = $36,200*. Revenue Fund Balance = $21,552*. Redemption Fund Balance = $15,764*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $21,003.
Redemption Fund Balance To Be Used To Make 11/1/2025 Extraordinary Principal Payment Of $15,000.

* Approximate Amounts

 Series 2004 Bond Information	

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

$1,580,000 5.875%
December 2004
May 2034

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25:

$715,000

II

9/8/2025 7:58 AM

$75,074

($1,558)

$73,516

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

500

3,100

2,919

NAV Tax Collection

108,416

106,167

106,167

Total Revenues

$	108,916

$	109,267

$	109,086

EXPENDITURES

Principal Payments

65,000

65,000

65,000

Interest Payments

43,916

45,825

45,825

Extraordinary Principal Payments

0

0

0

Total Expenditures

$	108,916

$	110,825

$	110,825

Excess/ (Shortfall)

$	-

$	(1,558)

$	(1,739)