Crystal Cay	
Community Development District	

Proposed Budget	
FY 2027	

Table of Contents

1

2-3

4

5

	General Fund

	Narratives

	Debt Service Fund Series 2021

	Series 2021 Amortization Schedule

6		Assessment Schedule

Crystal Cay	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:						
Special Assessments - On Roll	$	251,196	$	245,414	$	5,782	$	251,196	$	189,430	
Interest Income	3,500	5,393	5,393	10,787	5,000	

TOTAL REVENUES	$	254,696	$	250,807	$	11,175	$	261,983	$	194,430	
EXPENDITURES:						
Administrative						
Supervisor Fees	$6,000	$-	$2,000	$2,000	$5,000	
FICA Taxes	459	-	153	153	383	
Engineering	7,000	3,718	5,205	8,922	12,000	
Attorney	15,000	5,471	7,659	13,129	18,000	
Annual Audit	5,000	5,000	-	5,000	5,000	
Assessment Administration	2,000	2,000	-	2,000	2,000	
Arbitrage Rebate	600	-	600	600	600	
Dissemination Agent	2,625	1,313	1,313	2,625	2,809	
Trustee Fees	3,000	2,500	500	3,000	3,000	
Management Fees	45,682	22,841	22,841	45,682	47,966	
Website Maintenance	1,260	630	630	1,260	1,348	
Telephone	50	-	25	25	50	
Postage & Delivery	750	106	106	212	750	
Printing & Binding	500	5	250	255	500	
Insurance General Liability	6,945	6,163	-	6,163	7,000	
Legal Advertising	3,000	995	995	1,989	3,000	
Other Current Charges	1,500	748	748	1,496	1,700	
Office Supplies	150	0	75	75	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	101,696	$	51,664	$	43,098	$	94,762	$	111,431	
Operations & Maintenance						
Field Expenditures						

Lake Maintenance	$	12,000	$	4,368	$	4,368	$	8,736	$	12,000	
Repairs & Maintenance	20,000	-	10,000	10,000	20,000	
Landscape Maintenance	20,000	-	-	-	-	
Park/Playground Maintenance	-	-	-	-	20,000	
Contingency	15,000	-	7,500	7,500	15,000	
Drainage Maintenance	16,000	-	16,000	16,000	16,000	
Playground Reserves	70,000	-	86,450	86,450	-	

TOTAL FIELD EXPENDITURES	$	153,000	$	4,368	$	124,318	$	128,686	$	83,000	
						
TOTAL EXPENDITURES	$	254,696	$	56,032	$	167,416	$	223,448	$	194,430	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	194,776	$  (156,240)	$	38,535	$	-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	199,401	
	(9,970) 	
 $	189,430 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	32	$	19,633.28	$	813.59	$	613.54	$	(200.05)	
Townhomes	153	$	93,871.62	$	813.59	$	613.54	$	(200.05)	
Villas	140	$	85,895.60	$	813.59	$	613.54	$	(200.05)	

Total	325	$ 199,400.50	

Crystal Cay	
Community Development District	
Budget Narrative	

REVENUES

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative

Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
Attorney
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.
Assessment Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Communication - Telephone
New internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Crystal Cay	
Community Development District	
Budget Narrative	

Expenditures – Field

Lake Maintenance
The maintenance of CDD owned lakes.
Repairs & Maintenance
Miscellaneous repairs and maintenance as needed for CDD owned property
Playground/Park Maintenance
The District will contract a vendor for the monthly maintenance of the playground/park within the district.
Contingency
This represents any unforeseen expenditures the District may incur during the Fiscal Year.
Drainage Maintenance
Annual Storm Drain Cleaning for all Storm Drains throughout the District.

Crystal Cay	
Community Development District	
Proposed Budget	
Debt Service Series 2021 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	445,380	$	435,129	$	10,252	$	445,380	$	445,380	
Carry Forward Surplus (1)	142,062	144,045	-	144,045	143,548	

TOTAL REVENUES	$	587,443	$	579,173	$	10,252	$	589,425	$	588,928	

EXPENDITURES:

Interest - 11/1	$	127,939	$	127,939	$	-	$	127,939	$	125,801	
Interest - 5/1	190,000	-	190,000	190,000	195,000	
Principal - 5/1	127,939	-	127,939	127,939	125,801	

TOTAL EXPENDITURES	$	445,878	$	127,939	$	317,939	$	445,878	$	446,603	

TOTAL EXPENDITURES	$	445,878	$	127,939	$	317,939	$	445,878	$	446,603	

EXCESS REVENUES (EXPENDITURES)	$	141,565	$	451,235	$	(307,687)	$	143,548	$	142,326	

Interest Due 11/1/27	$123,168.75	
	$123,168.75	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	468,821	
	(23,441) 	
 $	445,380 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Single Family	32	$	55,023.68	$	1,719.49	$	1,719.49	$	-	
Townhomes	153	$	223,621.74	$	1,461.58	$	1,461.58	$	-	
Villas	140	$	190,176.00	$	1,358.40	$	1,358.40	$	-	

Total	325	$ 468,821.42	

Crystal Cay	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	7,230,000	2.250%	-	125,801	443,740.00	
05/01/27	7,230,000	2.700%	195,000	125,801		
11/01/27	7,035,000	2.700%	-	123,169	443,970.00	
05/01/28	7,035,000	2.700%	200,000	123,169		
11/01/28	6,835,000	2.700%	-	120,469	443,637.50	
05/01/29	6,835,000	2.700%	205,000	120,469		
11/01/29	6,630,000	2.700%	-	117,701	443,170.00	
05/01/30	6,630,000	2.700%	210,000	117,701		
11/01/30	6,420,000	2.700%	-	114,866	442,567.50	
05/01/31	6,420,000	2.700%	215,000	114,866		
11/01/31	6,205,000	3.050%	-	111,964	441,830.00	
05/01/32	6,205,000	3.050%	220,000	111,964		
11/01/32	5,985,000	3.050%	-	108,609	440,572.50	
05/01/33	5,985,000	3.050%	230,000	108,609		
11/01/33	5,755,000	3.050%	-	105,101	443,710.00	
05/01/34	5,755,000	3.050%	235,000	105,101		
11/01/34	5,520,000	3.050%	-	101,518	441,618.75	
05/01/35	5,520,000	3.050%	245,000	101,518		
11/01/35	5,275,000	3.050%	-	97,781	444,298.75	
05/01/36	5,275,000	3.050%	250,000	97,781		
11/01/36	5,025,000	3.050%	-	93,969	441,750.00	
05/01/37	5,025,000	3.050%	260,000	93,969		
11/01/37	4,765,000	3.050%	-	90,004	443,972.50	
05/01/38	4,765,000	3.050%	265,000	90,004		
11/01/38	4,500,000	3.050%	-	85,963	440,966.25	
05/01/39	4,500,000	3.050%	275,000	85,963		
11/01/39	4,225,000	3.050%	-	81,769	442,731.25	
05/01/40	4,225,000	3.050%	285,000	81,769		
11/01/40	3,940,000	3.050%	-	77,423	444,191.25	
05/01/41	3,940,000	3.050%	290,000	77,423		
11/01/41	3,650,000	4.000%	-	73,000	440,422.50	
05/01/42	3,650,000	4.000%	305,000	73,000		
11/01/42	3,345,000	4.000%	-	66,900	444,900.00	
05/01/43	3,345,000	4.000%	315,000	66,900		
11/01/43	3,030,000	4.000%	-	60,600	442,500.00	
05/01/44	3,030,000	4.000%	330,000	60,600		
11/01/44	2,700,000	4.000%	-	54,000	444,600.00	
05/01/45	2,700,000	4.000%	340,000	54,000		
11/01/45	2,360,000	4.000%	-	47,200	441,200.00	
05/01/46	2,360,000	4.000%	355,000	47,200		
11/01/46	2,005,000	4.000%	-	40,100	442,300.00	
05/01/47	2,005,000	4.000%	370,000	40,100		
11/01/47	1,635,000	4.000%	-	32,700	442,800.00	
05/01/48	1,635,000	4.000%	385,000	32,700		
11/01/48	1,250,000	4.000%	-	25,000	442,700.00	
05/01/49	1,250,000	4.000%	400,000	25,000		
11/01/49	850,000	4.000%	-	17,000	442,000.00	
05/01/50	850,000	4.000%	415,000	17,000		
11/01/50	435,000	4.000%	-	8,700	440,700.00	
05/01/51	435,000	4.000%	435,000	8,700	.	
Total			$7,230,000	$3,836,809	$11,066,849	

Crystal Cay	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds Units
2021	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

Single Family	

32	

32	

$613.54	

$813.59	

-$200.05	

$1,719.49	

$1,719.49	

$0.00	

$2,333.03	

$2,533.08	

-$200.05	
Townhomes	153	153	$613.54	$813.59	-$200.05	$1,461.58	$1,461.58	$0.00	$2,075.12	$2,275.17	-$200.05	
Villas	140	140	$613.54	$813.59	-$200.05	$1,358.40	$1,358.40	$0.00	$1,971.94	$2,171.99	-$200.05	
Total	325	325										

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