Cypress Cove	
Community Development District	

Approved Proposed Budget	
FY 2027	

	Table of Contents	

1-2	
General Fund	

3-5	

Narratives	

6	

Capital Reserve Fund	

7	

Debt Service Fund Series 2023	

8	

Series 2023 Amortization Schedule	

9	

Assessment Schedule	

Cypress Cove	
Community Development District	
Approved Proposed Budget	
General Fund	
	
Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

Special Assessments - On Roll	
Interest income	

	
$	481,076	$	424,159	$	56,918	$	481,076	$	444,416	
6,000	4,049	1,951	6,000	5,000	

TOTAL REVENUES	$	487,076	$	428,208	$	58,869	$	487,076	$	449,416	
EXPENDITURES:

Administrative	
Engineering	
Attorney	
Annual Audit	
Management Fees	
Website Maintenance	
Trustee Fees	
Telephone	
Postage & Delivery	
Printing & Binding	
Insurance General Liability	
Legal Advertising	
Other Current Charges	
Office Supplies	
Property Appraiser	
Dues, Licenses & Subscriptions	
First Quarter Operating Capital	

$	15,000	$	14,675	$	5,325	$	20,000	$	20,000	
30,000	12,945	12,055	25,000	25,000	
3,600	3,600	-	3,600	3,700	
18,599	9,300	9,300	18,599	19,715	
1,113	557	557	1,113	1,180	
4,434	-	4,434	4,434	4,434	
100	-	100	100	100	
250	293	-	293	250	
1,200	196	1,004	1,200	1,200	
8,918	7,932	-	7,932	8,725	
1,000	-	1,000	1,000	1,000	
1,000	1,053	403	1,456	1,618	
250	55	195	250	250	
400	400	-	400	400	
175	175	-	175	175	
85,000	-	85,000	85,000	67,490	

TOTAL ADMINISTRATIVE	$	171,039	$	51,180	$	119,373	$	170,553	$	155,237	

Field Expenditures	
Field Management	
Gate Maintenance	
Cable	
Phone	
Electric	
Lake Maintenance	
Landscape Maintenance	
Landscape - Other	
Irrigation Repairs	
Stormwater Drainage Maintenance	
Repairs & Maintenance	
Janitorial / Porter Services	
Pressure Cleaning	
Contingency	
Capital Outlay	
Emergency Reserves	

$	6,890	$	3,445	$	3,445	$	6,890	$	7,303	
15,500	3,142	12,358	15,500	15,500	
4,800	1,499	3,301	4,800	4,800	
3,000	1,342	1,658	3,000	3,000	
12,500	6,293	6,207	12,500	13,125	
7,500	3,450	3,450	6,900	7,500	
56,000	26,666	26,667	53,333	56,000	
10,000	1,760	8,240	10,000	10,000	
10,000	3,550	6,450	10,000	10,000	
10,000	4,250	3,250	7,500	7,500	
12,000	-	12,000	12,000	10,000	
7,500	3,150	4,350	7,500	9,450	
10,000	7,000	3,000	10,000	10,000	
5,347	1,400	10,200	11,600	10,000	
20,000	-	20,000	20,000	-	
20,000	-	20,000	20,000	15,000	

TOTAL FIELD EXPENDITURES	$	211,037	$	66,947	$	144,577	$	211,523	$	189,178	

TOTAL EXPENDITURES	$	382,076	$	118,126	$	263,950	$	382,076	$	344,416	

Cypress Cove	
Community Development District	
Approved Proposed Budget	
General Fund	
	
Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY 2027	

Interfund Transfer In/(Out) - Capital Reserves	$	(105,000)	$	(105,000)	$	-	$	(105,000)	$	(105,000)	

TOTAL OTHER SOURCES/(USES)	$	(105,000)	$	(105,000)	$	-	$	(105,000)	$	(105,000)	

EXCESS REVENUES (EXPENDITURES)	$	-	$	205,082	$	(205,081)	$	-	$	-	

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

Single Family	195	$	444,416	$	472,783	$	2,624.53	$	2,424.53	$	(200.00)	

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 Income	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative	
Engineering	
The District contracted with KCI TECHNOLOGIES, INC. to 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, BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A 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. GRAU & ASSOCIATES have been engaged to provide this annual audit service from FY24 to FY33 at a cost of $3,600.00 for the FY24 with $100 increase annually.	
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.	
Trustee Fees	
The District holds bonds with US Bank and these bonds are administered by a Trustee. This represents the trustee annual fee.	
Communication - Telephone	
Any phone, internet and Wi-Fi services the Distric may incur.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with EGIS INSURANCE & RISK ADVISORS that specializes in providing insurance coverage to governmental agencies. This amount is provided by the Insurance Carrier each	
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.	
Property Appraiser	
The Broward County Board of Commissioners provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District pays the County for the necessary administrative costs incurred to provide this service.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Department of Commerce for $175.	

Expenditures - Field				
Field Management				
The District has contracted with Governmental Management Services-Central Florida, LLC at an annual cost of $6,890.00 to provide on-site field management of contracts for the District services such as landscape and lake maintenance. Services to
include weekly onsite inspections, meetings with contractors and monitoring of utility accounts.	
Vendor:		Monthly :	Yearly :	
Governmental Mgmt Services S-FL, LLC.		$608.62	$7,303	
Gate Maintenance				
The District has a contract with ASAP Gate Plus, LLC. for ongoing gate repairs & maintenance, on-site welding, electonic gate
access control systems, tele-entry system changes and CCTV camera installation.	
Cable				
The District has a contract with Comcast for monthly cables services	
Comcast	Amount:	Frequency:	Yearly :	
Acct # 8495 75 241 0489547	$250.00	monthly	$3,000	
Acct # 8495 75 241 1027759	$150.00	monthly		$1,800		
			$4,800	
Phone				
The District has a contract with ATT for monthly phone services.	
ATT	Amount:	Frequency:	Yearly :	
Acct # 330145441	$250.00	monthly		$3,000		
			$3,000	
Utilities - Electric				
The monthly cost of electricity for Cypress Cove CDD thru FPL.	
		Frequency:		
Acct # 42952-75012 - Streetlights	$971.25	monthly	$11,655	
Acct # 22331-83371 - Wall Lights	$79.88	monthly	$959	
Acct # 73212-04260 - Gate Lights	$42.60	monthly		$511		
			$13,125	
Lake Maintenance				
The District has contracted with Solitude Lake Management to provide complete, high quality, maintenance of the lakes and
aquatic Maintenance Areas of the District in accordance with the executed agreement.	
Vendor / Services:	Amount:	Frequency:	Yearly :	
Solitude Lake Management	$575.00	monthly	$6,900	
Contingencies			$600	
			
$7,500	

Landscape Maintenance				
The District has contracted with JUST CALL JAMES, INC. Landscaping company to provide monthly landscaping services
including Turt mowing, edging, Debris&Trash, pruning, shrubs, trees, palms and annual fertilization services throughout all common areas of the District at the below rate:	
Vendor / Services:	Amount:	Frequency:	Yearly :	
Just Call James, Inc.	$4,666.66	monthly	$56,000	
			
$56,000	
Landscape - Other				
The District has contracted with JUST CALL JAMES, INC. Landscaping company for additional landscaping services as needed.	
Irrigation Repairs				
The District uses JUST CALL JAMES, INC. Landscaping company to provide irrigation repairs and maintenance throughout all common areas within the District.	
Stormwater Drainage Maintenance				
The District has contracted with INDUSTRIAL DIVERS CORP. INC., to provide certain vacuum, clearing, desilting, dredging, and repair services with respect to certain District drainage structures that constitute part of the District's stormwater
managemenent system.	

Expenditures - Field (Cont.)				
Repairs & Maintenance				
This expense represents any repairs and maintenance the District may incure throughout the fiscal year.	
Janitorial / Porter Services				
The District incurs janitorial / Cleaning / Porter Services as needed during the Fiscal Year.	
Vendor / Services:	Amount:	Frequency:	Yearly :	
911 Commercial Cleaning	$787.50	monthly	$9,450	
			
$9,450	
Contingency				
Miscellaneous and unforeseen expenses the District may incur during the fiscal year.	
Capital Outlay				
This expense represents any major repairs or purchase of capital assets that the District may need.	
Emergency Reserves				
This Reserve funding is for any emergency expenditures the District may occur.	

Cypress Cove	
Community Development District	
Approved Proposed Budget	
Capital Reserve Fund	

REVENUES:

Interest Income	
Carry Forward Balance	

$	-	$	3,911	$	3,904	$	7,815	$	4,500	
190,000	190,849	-	190,849	143,164	

TOTAL REVENUES	$	190,000	$	194,760	$	3,904	$	198,664	$	147,664	

EXPENDITURES:

Capital Outlay						
Sidewalk Repairs	$	40,000	$	-	$	40,000	$	40,000	$	-	
Monument Repairs	70,000	-	70,000	70,000	-	
Landscaping - Entrance Enhancement	50,000	-	50,000	50,000	-	
Capital Improvement	-	-	-	-	50,000	
Other Current Charges	500	-	500	500	500	

TOTAL EXPENDITURES	$	160,500	$	-	$	160,500	$	160,500	$	50,500	

Other Sources/(Uses)

Transfer In/(Out) - Reserves	$	105,000	$	105,000	-	105,000	$	105,000	
TOTAL OTHER SOURCES/(USES)	$	105,000	$	105,000	$	-	$	105,000	$	105,000	

EXCESS REVENUES (EXPENDITURES)	$	134,500	$	299,760	$	(156,596)	$	143,164	$	202,164	

Cypress Cove	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2023 Special Assessment Bonds	

REVENUES:

Special Assessments-On Roll	
Interest Earnings	
Carry Forward Surplus (1)	

$	160,389	$	141,296	$	19,093	$	160,389	$	111,666	
1,500	2,784	700	3,484	2,000	
59,392	63,037	-	63,037	69,053	

TOTAL REVENUES	$	221,281	$	207,117	$	19,793	$	226,911	$	182,720	

EXPENDITURES:

Interest - 11/1	
Special Call - 11/1	
Interest - 5/1	
Principal - 5/1	

$	41,949	$	41,949	$	-	$	41,949	$	27,848	
-	545,000	-	545,000	-	
41,949	-	41,949	41,949	27,848	
75,000	-	75,000	75,000	55,000	

TOTAL EXPENDITURES	$	158,898	$	586,949	$	116,949	$	703,898	$	110,695	

Other Sources/(Uses)

$	-	$	546,041	$	-	$	546,041	$	-	

Interfund transfer In/(Out)

TOTAL OTHER SOURCES/(USES)	$	-	$	546,041	$	-	$	546,041	$	-	

TOTAL EXPENDITURES	$	158,898	$	40,908	$	116,949	$	157,857	$	110,695	

EXCESS REVENUES (EXPENDITURES)	$	62,383	$	166,209	$	(97,156)	$	69,053	$	72,025	

Interest Due 11/1/27	 $	26,544 	
	 $	26,544 	

(1) Carry Forward is Net of Reserve Requirement

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

Single Family	195	$	111,666	$	118,794	$	875.01	$	609.20	$	(265.81)	

TOTAL	195	$	111,666	$	118,794	

Cypress Cove	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2023 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

04/06/23	$	1,910,000	4.74%	$	-	$	-	$	-	
11/01/23	1,910,000	4.74%	-	51,554	51,554	
05/01/24	1,910,000	4.74%	70,000	45,267		
11/01/24	1,840,000	4.74%	-	43,608	158,875	
05/01/25	1,840,000	4.74%	70,000	43,608		
11/01/25	1,770,000	4.74%	545,000	41,949	700,557	
05/01/26	1,225,000	4.74%	50,000	29,033		
11/01/26	1,175,000	4.74%	-	27,848	106,880	
05/01/27	1,175,000	4.74%	55,000	27,848		
11/01/27	1,120,000	4.74%	-	26,544	109,392	
05/01/28	1,120,000	4.74%	60,000	26,544		
11/01/28	1,060,000	4.74%	-	25,122	111,666	
05/01/29	1,060,000	4.74%	60,000	25,122		
11/01/29	1,000,000	4.74%	-	23,700	108,822	
05/01/30	1,000,000	4.74%	65,000	23,700		
11/01/30	935,000	4.74%	-	22,160	110,860	
05/01/31	935,000	4.74%	65,000	22,160		
11/01/31	870,000	4.74%	-	20,619	107,779	
05/01/32	870,000	4.74%	70,000	20,619		
11/01/32	800,000	4.74%	-	18,960	109,579	
05/01/33	800,000	4.74%	75,000	18,960		
11/01/33	725,000	4.74%	-	17,183	111,143	
05/01/34	725,000	4.74%	75,000	17,183		
11/01/34	650,000	4.74%	-	15,405	107,588	
05/01/35	650,000	4.74%	80,000	15,405		
11/01/35	570,000	4.74%	-	13,509	108,914	
05/01/36	570,000	4.74%	85,000	13,509		
11/01/36	485,000	4.74%	-	11,495	110,004	
05/01/37	485,000	4.74%	90,000	11,495		
11/01/37	395,000	4.74%	-	9,362	110,856	
05/01/38	395,000	4.74%	95,000	9,362		
11/01/38	300,000	4.74%	-	7,110	111,472	
05/01/39	300,000	4.74%	95,000	7,110		
11/01/39	205,000	4.74%	-	4,859	106,969	
05/01/40	205,000	4.74%	100,000	4,859		
11/01/40	105,000	4.74%	-	2,489	107,347	
05/01/41	105,000	4.74%	105,000	2,489	107,489	

Total	$	1,910,000	$	747,742	$	2,657,742	

Cypress Cove	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	Bonds
Units 2023	
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	
195	
195	
$2,424.53	
$2,624.53	
-$200.00	
$609.20	
$875.01	
-$265.81	
$3,033.73	
$3,499.54	
-$465.81	
Total	195	195										

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