Title: KB Proposed Budget 2024-2025.xlsx
Author: JWalker

Kendall Breeze Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

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

REVENUES

FISCAL YEAR 2024/2025
BUDGET

Administrative Assessments | 89,538
Maintenance Assessments | 262,766
Debt Assessments | 431,824
Other Revenues | 0
Interest Income | 960
TOTAL REVENUES | $	785,088
EXPENDITURES |
MAINTENANCE EXPENDITURES |
Maintenance/Contingency | 15,000
Roadway Improvements/Reserve | 155,000
Drainage-Stormwater Management/Reserve | 56,000
Traffic Enforcement - Off-Duty Police | 10,000
Engineering/Inspections | 11,000
TOTAL MAINTENANCE EXPENDITURES | $	247,000
ADMINISTRATIVE EXPENDITURES |
Supervisor Fees | 6,000
Payroll Taxes (Employer) | 480
Management | 34,656
Secretarial | 6,000
Legal | 13,000
Assessment Roll | 6,000
Audit Fees | 3,900
Insurance | 8,290
Legal Advertisements | 2,000
Miscellaneous | 950
Postage | 975
Office Supplies | 700
Dues & Subscriptions | 175
Website Management | 2,000
TOTAL ADMINISTRATIVE EXPENDITURES | $	85,126
TOTAL EXPENDITURES | $	332,126
REVENUES LESS EXPENDITURES | $	452,962
Bond Payments | (405,915)
BALANCE | $	47,047
County Appraiser & Tax Collector Fee | (15,682)
Discounts For Early Payments | (31,365)
EXCESS/ (SHORTFALL) | $	-
Carryover From Prior Year | 0
NET EXCESS/ (SHORTFALL) | $	-

4/16/2024 4:32 PM	^I

DETAILED PROPOSED BUDGET
KENDALL BREEZE 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 | 38,188 | 88,514 | 89,538 | Expenditures Less Interest & 50% Of Carryover/.94
Maintenance Assessments | 110,921 | 263,830 | 262,766 | Expenditures Less 50% Of Carryover/.94
Debt Assessments | 431,826 | 431,824 | 431,824 | Bond Payments/.94
Other Revenues | 31 | 0 | 0 |
Interest Income | 17,005 | 600 | 960 | Interest Estimated At $80 Per Month
TOTAL REVENUES | $	597,971 | $	784,768 | $	785,088 |
EXPENDITURES | | | |
MAINTENANCE EXPENDITURES | | | |
Maintenance/Contingency | 0 | 15,000 | 15,000 | Maintenance/Contingency
Roadway Improvements/Reserve | 0 | 155,000 | 155,000 | Resurfacing Anticipated For 2027
Drainage-Stormwater Management/Reserve | 15,635 | 56,000 | 56,000 | Maintenance/Repairs/Reserve
Traffic Enforcement - Off-Duty Police | 4,867 | 10,000 | 10,000 | No Change From 2023/2024 Budget
Engineering/Inspections | 3,151 | 12,000 | 11,000 | $1,000 Decrease From 2023/2024 Budget
TOTAL MAINTENANCE EXPENDITURES | $	23,653 | $	248,000 | $	247,000 |
ADMINISTRATIVE EXPENDITURES | | | |
Supervisor Fees | 2,515 | 6,000 | 6,000 | No Change From 2023/2024 Budget
Payroll Taxes (Employer) | 199 | 480 | 480 | Projected At 8% Of Supervisor Fees
Management | 32,676 | 33,648 | 34,656 | CPI Adjustment (Capped At 3%)
Secretarial | 4,200 | 6,000 | 6,000 | No Change From 2023/2024 Budget
Legal | 7,501 | 14,000 | 13,000 | 23/24 Expenditure Through Feb 24 Was $2,975
Assessment Roll | 6,000 | 6,000 | 6,000 | No Change From 2023/2024 Budget
Audit Fees | 3,700 | 3,800 | 3,900 | $100 Increase From 2023/2024 Budget
Insurance | 7,004 | 8,000 | 8,290 | Fiscal Year 23/24 Expenditure Was $7,529
Legal Advertisements | 272 | 1,000 | 2,000 | Costs Will Increase Due To Closing Of The Miami Business Review
Miscellaneous | 389 | 1,000 | 950 | $50 Decrease From 2023/2024 Budget
Postage | 826 | 1,000 | 975 | $25 Decrease From 2023/2024 Budget
Office Supplies | 510 | 700 | 700 | No Change From 2023/2024 Budget
Dues & Subscriptions | 175 | 175 | 175 | No Change From 2023/2024 Budget
Website Management | 2,000 | 2,000 | 2,000 | No Change From 2023/2024 Budget
TOTAL ADMINISTRATIVE EXPENDITURES | $	67,967 | $	83,803 | $	85,126 |
TOTAL EXPENDITURES | $	91,620 | $	331,803 | $	332,126 |
REVENUES LESS EXPENDITURES | $	506,351 | $	452,965 | $	452,962 |
Bond Payments | (411,622) | (405,915) | (405,915) | 2025 Principal & Interest Payments
BALANCE | $	94,729 | $	47,050 | $	47,047 |
County Appraiser & Tax Collector Fee | (5,589) | (15,683) | (15,682) | Two Percent Of Total Assessment Roll
Discounts For Early Payments | (21,550) | (31,367) | (31,365) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	67,590 | $	- | $	- |
Carryover From Prior Year | 0 | 0 | 0 | Carryover From Prior Year
NET EXCESS/ (SHORTFALL) | $	67,590 | $	- | $	- |

4/16/2024 4:32 PM	^II

DETAILED PROPOSED DEBT SERVICE BUDGET
KENDALL BREEZE 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 | 0 | 1,000 | 1,000 | Projected Interest For 2024/2025
NAV Tax Collection | 411,622 | 405,915 | 405,915 | 2025 P & I Payments Less Earned Interest
Total Revenues | $	411,622 | $	406,915 | $	406,915 |
EXPENDITURES | | | |
Principal Payments | 239,970 | 261,657 | 273,828 | Principal Payment Due In 2025
Interest Payments | 161,591 | 145,258 | 133,087 | Interest Payments Due In 2025
Total Expenditures | $	401,561 | $	406,915 | $	406,915 |
Excess/Shortfall | $	10,061 | $	- | $	- |

Series 2007 Refunding Bonds Information

Original Par Amount = | $6,161,095 | Annual Principal Payments Due = | November 1st
Interest Rate = | 4.50% | Annual Interest Payments Due = | May 1st & November 1st
Issue Date = | March 2007 | |

Maturity Date =

Par Amount As Of 1/1/24 =

November 2033

$3,219,161

4/16/2024 4:32 PM	^III

Kendall Breeze Community Development District Assessment Comparison

| Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
Lot | 2021/2022 | 2022/2023 | 2023/2024 | 2024/2025
Size | Assessment* | Assessment* | Assessment* | Projected Assessment*
22 | Administrative | $ | 40.20 | $ | 47.89 | $ | 113.92 | $ | 115.24
| Maintenance | $ | 150.47 | $ | 142.76 | $ | 339.55 | $ | 338.19
Debt | $	486.88 | $	486.88 | $	486.88 | $	486.88
| Sub-Total For Lot Size 22 | $ | 677.55 | $ | 677.53 | $ | 940.35 | $ | 940.31
30 | Administrative | $ | 40.20 | $ | 47.89 | $ | 113.92 | $ | 115.24
| Maintenance | $ | 150.47 | $ | 142.76 | $ | 339.55 | $ | 338.19
Debt | $	550.81 | $	550.81 | $	550.81 | $	550.81
| Sub-Total For Lot Size 30 | $ | 741.48 | $ | 741.46 | $ | 1,004.28 | $ | 1,004.24
35 | Administrative | $ | 40.20 | $ | 47.89 | $ | 113.92 | $ | 115.24
| Maintenance | $ | 150.47 | $ | 142.76 | $ | 339.55 | $ | 338.19
Debt | $	590.77 | $	590.77 | $	590.77 | $	590.77
| Sub-Total For Lot Size 35 | $ | 781.44 | $ | 781.42 | $ | 1,044.24 | $ | 1,044.20
60 | Administrative | $ | 40.20 | $ | 47.89 | $ | 113.92 | $ | 115.24
| Maintenance | $ | 150.47 | $ | 142.76 | $ | 339.55 | $ | 338.19
Debt | $	790.55 | $	790.55 | $	790.55 | $	790.55
Sub-Total For Lot Size 60 | $ | 981.22 | $ | 981.20 | $ | 1,244.02 | $ | 1,243.98

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

 Community Information:	
Twenty Two Foot Lots | 478
Thirty Foot Lots | 73
Thirty Five Foot Lots | 99
Sixty Five Foot Homes | 127
Total Units | 777

4/16/2024 4:32 PM	^IV