Kendall Breeze Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
KENDALL BREEZE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	89,326	
Maintenance Assessments	262,766	
Debt Assessments	431,824	
Other Revenues	0	
Interest Income	1,440	
		
TOTAL REVENUES	$	785,356	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Maintenance/Contingency	13,000	
Roadway Improvements/Reserve	155,000	
Drainage-Stormwater Management/Reserve	56,000	
Traffic Enforcement - Off-Duty Police	10,000	
Engineering/Inspections	13,000	
TOTAL MAINTENANCE EXPENDITURES	$	247,000	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	6,000	
Payroll Taxes (Employer)	480	
Management	35,652	
Secretarial	6,000	
Legal	12,000	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	8,400	
Legal Advertisements	2,600	
Miscellaneous	925	
Postage	925	
Office Supplies	650	
Dues & Subscriptions	175	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	85,407	
		
TOTAL EXPENDITURES	$	332,407	
		
REVENUES LESS EXPENDITURES	$	452,949	
		
Bond Payments	(405,915)	
		
BALANCE	$	47,034	
		
County Appraiser & Tax Collector Fee	(15,678)	
Discounts For Early Payments	(31,356)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED PROPOSED BUDGET
KENDALL BREEZE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
Administrative Assessments	90,232	89,538	89,326	Expenditures Less Interest & 50% Of Carryover/.94	
Maintenance Assessments	263,830	262,766	262,766	Expenditures Less 50% Of Carryover/.94	
Debt Assessments	431,824	431,824	431,824	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	41,197	960	1,440	Interest Estimated At $120 Per Month	
					
TOTAL REVENUES	$	827,083	$	785,088	$	785,356		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Maintenance/Contingency	12,450	15,000	13,000	Maintenance/Contingency	
Roadway Improvements/Reserve	0	155,000	155,000	Resurfacing Anticipated For 2027	
Drainage-Stormwater Management/Reserve	0	56,000	56,000	Maintenance/Repairs/Reserve	
Traffic Enforcement - Off-Duty Police	6,663	10,000	10,000	No Change From 2024/2025 Budget	
Engineering/Inspections	14,546	11,000	13,000	$2,000 Increase From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	33,659	$	247,000	$	247,000		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,400	6,000	6,000	No Change From 2024/2025 Budget	
Payroll Taxes (Employer)	184	480	480	Projected At 8% Of Supervisor Fees	
Management	33,648	34,656	35,652	CPI Adjustment	
Secretarial	6,000	6,000	6,000	No Change From 2024/2025 Budget	
Legal	7,840	13,000	12,000	24/25 Expenditure Through Jan 25 Was $2,890	
Assessment Roll	6,000	6,000	6,000	No Change From 2024/2025 Budget	
Audit Fees	3,800	3,900	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	7,529	8,290	8,400	Fiscal Year 23/24 Expenditure Was $7,831	
Legal Advertisements	2,542	2,000	2,600	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	572	950	925	$25 Decrease From 2024/2025 Budget	
Postage	151	975	925	$50 Decrease From 2024/2025 Budget	
Office Supplies	228	700	650	$50 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	73,069	$	85,126	$	85,407		
					
TOTAL EXPENDITURES	$	106,728	$	332,126	$	332,407		
					
REVENUES LESS EXPENDITURES	$	720,355	$	452,962	$	452,949		
					
Bond Payments	(411,596)	(405,915)	(405,915)	2026 Principal & Interest Payments	
					
BALANCE	$	308,759	$	47,047	$	47,034		
					
County Appraiser & Tax Collector Fee	(7,557)	(15,682)	(15,678)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(29,182)	(31,365)	(31,356)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	272,020	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	272,020	$	-	$	-		

II

DETAILED PROPOSED DEBT SERVICE BUDGET
KENDALL BREEZE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
0	
1,000	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
411,596	
405,915	
405,915	

2026 P & I Payments Less Earned Interest	

Total Revenues	
$	411,596	
$	406,915	
$	406,915		

EXPENDITURES					

Principal Payments	
250,769	
273,828	
286,150	
Principal Payment Due In 2026	

Interest Payments	
150,948	
133,087	
120,765	
Interest Payments Due In 2026	

Total Expenditures	
$	401,717	
$	406,915	
$	406,915		

Excess/Shortfall	
$	9,879	
$	-	
$	-		

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 1/1/25 =	November 2033

$2,957,504			

III

Kendall Breeze Community Development District Assessment Comparison

	Fiscal Year		Fiscal Year			Fiscal Year	Fiscal Year	
Lot			2022/2023		2023/2024			2024/2025	2025/2026	
Size			Assessment*		Assessment*			Assessment*		Projected Assessment*		
22	Administrative	$	47.89		$	113.92		$	115.24	$	114.97	
	Maintenance	$	142.76		$	339.55		$	338.19	$	338.19	
	Debt	$	486.88		$	486.88		$	486.88	$	486.88	
	Sub-Total For Lot Size 22	$	677.53		$	940.35		$	940.31	
$	940.04	

30	
Administrative	
$	
47.89		
$	113.92		
$	
115.24	
$	114.97	
	Maintenance	$	142.76		$	339.55		$	338.19	$	338.19	
	Debt	$	550.81		$	550.81		$	550.81	$	550.81	
	Sub-Total For Lot Size 30	$	741.46		$	1,004.28		$	1,004.24	
$	1,003.97	
35	Administrative	$	47.89		$	113.92		$	115.24	$	114.97	
	Maintenance	$	142.76		$	339.55		$	338.19	$	338.19	
	Debt	$	590.77		$	590.77		$	590.77	$	590.77	
	Sub-Total For Lot Size 35	$	781.42		$	1,044.24		$	1,044.20	
$	1,043.93	
60	Administrative	$	47.89		$	113.92		$	115.24	$	114.97	
	Maintenance	$	142.76		$	339.55		$	338.19	$	338.19	
	Debt	$	790.55		$	790.55		$	790.55	$	790.55	
	Sub-Total For Lot Size 60	$	981.20		$	1,244.02		$	1,243.98	
$	1,243.71	

* 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	

IV