Kendall Breeze 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 COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Note 
Unspent Roadways ($143,000) & Drainage Maintenance ($56,000) To Be Added To Reserve On 10/1/25.

I

$983,389

$40,717

$794,300

$229,806

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

RESERVE FUNDS BALANCE AS OF 9/30/25

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 - 9/29/25

Administrative Assessments

89,538

91,358

91,358

Maintenance Assessments

262,766

262,774

262,774

Debt Assessments

431,824

431,824

431,824

Other Revenues

0

0

0

Interest Income

960

36,400

36,324

Total Revenues

$	785,088

$	822,356

$	822,280

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

6,000

2,600

2,600

Payroll Taxes - Employer

480

1,990

199

Management

34,656

34,656

34,656

Secretarial

6,000

6,000

6,000

Legal

13,000

9,800

8,273

Assessment Roll

6,000

6,000

6,000

Audit Fees

3,900

3,500

3,500

Insurance

8,290

7,831

7,831

Legal Advertisements

2,000

3,100

2,021

Miscellaneous

950

750

444

Postage

975

240

220

Office Supplies

700

525

461

Dues & Subscriptions

175

175

175

Website Management

2,000

2,000

2,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	85,126

$	79,167

$	74,380

MAINTENANCE EXPENDITURES

Maintenance/Contingency (Storm Drain Cleaning)

15,000

15,000

9,550

Roadway Improvements/Reserve

155,000

155,000

12,000

Drainage Improvements/Reserve

56,000

56,000

0

Traffic Enforcement - Off-Duty Police

10,000

10,300

7,239

Engineering/Inspections

12,000

18,000

15,853

TOTAL MAINTENANCE EXPENDITURES

$	248,000

$	254,300

$	44,642

TOTAL EXPENDITURES

$	333,126

$	333,467

$	119,022

REVENUES LESS EXPENDITURES

$	451,962

$	488,889

$	703,258

Bond Payments

(405,915)

(411,797)

(411,797)

Balance

$	46,047

$	77,092

$	291,461

County Appraiser & Tax Collector Fee

(15,682)

(7,561)

(7,561)

Discounts For Early Payments

(31,365)

(28,814)

(28,814)

Excess/ (Shortfall)

$	(1,000)

$	40,717

$	255,086

Carryover From Prior Year

0

0

0

Net Excess/ (Shortfall)

$	(1,000)

$	40,717

$	255,086

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

Note*: Reserve Fund Balance = $429,712. Revenue Fund Balance = $427,487.
Revenue Fund Balance To Be Used To Make 11/1/2025 Principal & Interest Payment Of $340,919. (Principal: $273,828 + Interest: $67,091 = $340,919).
* Approximate Amounts

Series 2007 Refunding Bonds Information
Original Par Amount =

$6,161,095 4.50%
March 2007
November 2033
$2,957,504

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

Interest Rate = Issue Date = Maturity Date =
Par Amount As Of 9/30/25 =

II

$847,084

$11,117

$858,201

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 - 9/29/25

Interest Income

1,000

0

0

NAV Tax Collection

405,915

411,797

411,797

Total Revenues

$	406,915

$	411,797

$	411,797

EXPENDITURES

Principal Payments

273,828

261,657

261,657

Interest Payments

133,087

139,023

139,023

Total Expenditures

$	406,915

$	400,680

$	400,680

EXCESS/ (SHORTFALL)

$	-

$	11,117

$	11,117