Cypress Cove
	Community Development District	

www.cypresscovecdd.com

Maritza Abstencio, Chair Jonathan Kraljic, Vice Chair
Allan Wernikoff, Assistant Secretary Elza Lucius-Robinson, Assistant Secretary

April 7, 2026

Seat 3: Maritza Abstencio – (C.)		
Seat 4: Jonathan Kraljic – (V.C.)		
Seat 5: Allan Wernikoff – (A.S.)		
Seat 1: Elza Lucius-Robinson – (A.S)		
Seat 2: Open Seat		

Cypress Cove
Community Development District
Agenda
Tuesday	Governmental Management Services
April 7, 2026	5385 N. Nob Hill Road, Sunrise, Florida 33351 7:00p.m.		https://us02web.zoom.us/j/87589499342 1-305-224-1968 or 1-646-931-3860
Meeting I.D.: 875 8949 9342

Roll Call

Organizational Matters
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office – Seat #2 (11/2026)

Oath of Office for Newly Appointed Supervisor(s) – Page 3

Election of Officer(s)

Approval of the Minutes of the March 3, 2026 Meeting – Page 4

Consideration of Resolution #2026-02 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing – Page 10

Ratification of City of Margate – April 2026 to March 2027 Hurricane or Other Disaster Debris Removal Agreement – Page 22

Consideration of Proposals to Install Curb along Santa Monica Drive
Del Mar Builders – Page 24
911 Commercial Cleaning – Page 25
Staff Reports
Attorney

Engineer – Monument Sign Refacing Design Example – Page 26

Field Report – Monthly Report – Page 27

Manager

Financial Reports
Approval of Check Run Summary – Page 33

Approval of Unaudited Financials – Page 36

Supervisors Requests and Audience Comments

Adjournment
Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.cypresscovecdd.com

Oath of Office

I, 	 a resident of the State of Florida and citizen of the United States of America, and being a Supervisor of the Cypress Cove Community Development District and a recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly and impartially discharge the duties devolving upon me in the office of Supervisor of the Cypress Cove Community Development District, 		County, Florida.
Signature: 	 Mailing Address: 	

County of Residence: 	 Telephone #: 	 E-mail: 	 Date: 	

Sworn	to	(or	affirmed)	before	me	this			day	of		,	by
	 whose signature appears hereinabove.

Notary Public State of Florida

Print Name

My Commission expires

Personally known 	 or produced identification 	 Type of identification		

MINUTES OF MEETING CYPRESS COVE
COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Cypress Cove Community Development District was held on Tuesday, March 3, 2026, at 7:00 p.m. at 5385 N. Nob Hill Road, Sunrise, Florida.

Present and constituting a quorum were:
Maritza Abstencio	Chairperson
Jonathan Kraljic	Vice Chairperson (far away)
Allan Wernikoff	Assistant Secretary (close to recorder)
Elza Lucius-Robinson	Assistant Secretary (light female voice)

Also present were:
Julio Padilla	District Manager
Patrick Burgess	Governmental Management Services
Liza Smoker	District Counsel
Jonathan Geiger	District Engineer

FIRST ORDER OF BUSINESS	Roll Call
Mr. Padilla called the meeting to order and called the roll.

SECOND ORDER OR BUSINESS	Organizational Matters
Consideration of Appointment of Supervisor(s) to Unexpired Term(s) of Office – Seat #2 (11/2026)
Oath of Office for Newly Appointed Supervisor(s)
Election of Officer(s)
Mr. Padilla asked the Board if they had anyone they wished to appoint to the unexpired term of office for seat #2. The Board had no one to appoint at this time. Mr. Padilla stated this item would be tabled for the next meeting.

THIRD ORDER OR BUSINESS	Approval of the Minutes of the
November 4, 2025 Meeting
Mr. Padilla presented the minutes from the November 4, 2025 meeting, asked for any comments or corrections, and upon hearing none, asked for a motion to approve the minutes.

March 3, 2026	Cypress Cove

On MOTION by Ms. Abstencio seconded by Mr. Kraljic with all in favor, the Minutes of the November 4, 2025 Meeting were approved.

FOURTH ORDER OR BUSINESS	Ratification	of	Interlocal
Agreement for Uniform Collection of Non-Ad Valorem Special Assessments
Mr. Padilla presented the ratification of the Interlocal Agreement for Uniform Collection of Non-Ad Valorem Special Assessments. He then gave a brief explanation of this item stating the agreement had already been executed and was being brought back to the Board for ratification. He then and asked for any questions or comments and upon hearing none, he asked for a motion to ratify the agreement.

On MOTION by Ms. Abstencio seconded by Mr. Kraljic with all in favor, ratifying the Interlocal Agreement for Uniform Collection of Non-Ad Valorem Special Assessments was approved.

FIFTH ORDER OR BUSINESS	Update on:
Series 2023 Bond Redemption
Mr. Padilla presented an update to the Series 2023 bond redemption stating this had been completed and was redeemed by the November 1st deadline so he was just bringing that information back to the Board to make them aware.
(At this point a discussion was held among the Board members, Mr. Padilla and Ms.
Smoker relating to this item)

Pending City of Margate Traffic Control Agreement
Mr. Padilla presented the pending City of Margate Traffic Control Agreement with The City of Margate stating the agreement has already been executed by the chairman and he was just waiting on the city to execute it which he had emailed to them and he would also provide them with a hard copy once he is able to get in touch with the traffic control officer in charge, so they should expect to hear something from the city within the next two weeks.
(At this point a discussion was held among the Board members and Mr. Padilla relating to this item)

March 3, 2026	Cypress Cove

Proposal for Landscaping with Just Call James
Mr. Padilla presented the proposal for landscaping from Just Call James stating the vendor agreed to keep the contract price the same for the current fiscal year, however, the scope of work would need to be revised to exclude anything that was not CDD property, so the agreement would need to be amended and then presented to the Board at the next meeting.
(At this point a discussion was held among the Board members, Mr. Padilla, Mr.
Geiger and Ms. Smoker relating to this item)

Mr. Padilla then asked for a motion to accept the proposal and authorize District Counsel to amend the agreement as discussed.

On MOTION by Mr. Kraljic seconded by Ms. Abstencio with all in favor, accepting the proposal for landscaping from Just Call James at the current price and authorizing staff to amend the agreement relating to the scope of work as discussed was approved.

SIXTH ORDER OR BUSINESS	Discussion of Procedures for the
General Election
Mr. Padilla presented the discussion of the procedures for the general election stating there were two seats up for election on November 3, 2026. Those seats would be seat #3, Maritza Abstencio, and seat #2 which is an open seat. He also stated the qualifying period for those seats would be from 12:00 noon on June 8th to 12:00 noon on June 14th.

SEVENTH ORDER OF BUSINESS	Acceptance of Audit for Fiscal Year
Ending in September 30, 2025
Mr. Padilla presented the acceptance of the audit for fiscal year ending September 30, 2025, gave a brief explanation of the audit, stating there were no findings or recommendations and the District was found to be in good financial standing so it was a clean audit. He then asked for any questions or comments and upon hearing none, asked for a motion to accept the audit.

On MOTION by Ms. Abstencio seconded by Mr. Kraljic with all in favor, accepting the audit for Fiscal Year ending September 30, 2025 was approved.

March 3, 2026	Cypress Cove

EIGHTH ORDER OF BUSINESS	Staff Reports
Mr. Padilla moved on to staff reports and asked Ms. Smoker for her report.

Attorney
Consideration of Request for Adjustment to District Counsel Fee Structure
Update and Discussion on Rock Island Road, Royal Palm Blvd., and NW 73rd Avenue Project with Association’s Attorney
Ms. Smoker gave a brief explanation relating to the request for adjustment to District Counsel fee structure stating the current fee structure had been in place since 2023 and it was necessary for them to adjust their hourly rate by $25 and would not go into effect until October 1, 2026 for the fiscal year.
Mr. Padilla then asked for a motion to accept the request for adjustment to District Counsel fee structure.

On MOTION by Ms. Abstencio seconded by Mr. Kraljic with all in favor, accepting the request for adjustment to District Counsel fee structure effective October 1, 2026 was approved.

Ms. Smoker also gave a brief update on the Rock Island Road, Royal Palm Blvd., and NW 73rd Avenue project with the Association’s attorney stating she was recently in contact with their attorney who had stated they were not going to move forward, however, she did encourage him to speak with the association members again, and see if they would be willing to come up with some sort of a plan for doing a joint participation project, so she was waiting for his response on that.
(At this point a discussion was held among the Board members, Ms. Smoker and Mr.
Geiger relating to this item)

Engineer – Review and Approval of 5 Year Broward County Surface Water Management Permit Renewal
Mr. Padilla moved on to the engineer and asked Mr. Geiger for his report.
Mr. Geiger gave a brief update on the review and approval of the 5 year Broward County Surface Water Management permit renewal stating the water license would be up for renewal in June, 2026 and it was a requirement of Broward County to be renewed every 5 years. He also gave a brief summary of what would need to be done to renew the license

March 3, 2026	Cypress Cove

and certifying everything, such as probing the catch basins, inspecting the lake banks, inspecting the control structures, inspecting the storm drainage pipes, etc.
(At this point a discussion was held among the Board members and Mr. Geiger relating to this item)

Mr. Padilla also stated there was enough funds in the current budget to cover the cost of this item.

On MOTION by Ms. Abstencio seconded by Mr. Kraljic with all in favor, approving the 5 Year Broward County Surface Water Management Permit Renewal for a one-time fee of $10,000 plus the permit fee of $1,125 to Broward County as presented.

Field Report
Monthly Report
Santa Monica Dr. Curbing Proposals
911 Commercial Cleaning
Anzco Inc.
Builders Del Mar
FCC
Triple Nickel Paving
Mr. Padilla presented the field manager’s monthly report and asked if the Board had any questions relating to landscaping, lake maintenance, or additional District items.
(At this point a brief Q&A session was held among the Board members and Mr. Padilla relating to his report)

Mr. Padilla also presented the Santa Monica Dr. curbing proposals and gave a brief explanation relating to this item stating the reason for getting the proposals was that there was washout from the dirt and mulch and this would prevent the mulch from floating into the street and would also protect the fencing from cars hitting it.
(At this point a discussion was held among the Board members, Mr. Padilla and Mr. Geiger relating to the proposals)(The Board requested Mr. Padilla to have the contractors revise their proposals and include cutting the asphalt and also check with Just Call James about adding a mulch guard)

Manager – Update on District Management Services
Mr. Padilla gave a brief update on the District Management services stating Patrick Burgess from GMS would be stepping in as the new District manager going forward starting

March 3, 2026	Cypress Cove

with the April meeting. Mr. Padilla also stated Mr. Burgess is very familiar with the property and is aware of the concerns of the District and what needs to be done for Cypress Cove.
(At this point a discussion was held among the Board members, Mr. Padilla and Mr. Geiger relating to the monument repairs)(Mr. Geiger stated he would provide additional information for monument repairs at the next meeting)(Mr. Padilla also stated he was aware the Board wished to lower the assessments for the upcoming fiscal year budget and suggested lowering the assessments by $200 per household if the Board agreed, and he would bring that back with the proposed budget at the next meeting)(The Board agreed with Mr. Padilla’s suggestion)

NINTH ORDER OF BUSINESS	Financial Reports
Approval of Check Run Summary
Acceptance of Unaudited Financials
Mr. Padilla presented the check run summary and acceptance of the unaudited financials, asked for any comments or questions, and upon not hearing any, he asked for a motion to accept the financial reports.

On MOTION by Ms. Abstencio seconded by Mr. Kraljic with all in favor, the Check Run Summary and the Unaudited Financials were approved.

TENTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Mr. Padilla asked if there were any Supervisor’s requests or audience comments and stated there was no audience in attendance at the meeting.
Mr. Kraljic requested staff to obtain proposals for upgrading the cameras and software for the gate system.
ELEVENTH ORDER OF BUSINESS	Adjournment
Mr. Padilla asked for a motion to adjourn the meeting.

On MOTION by Ms. Abstencio seconded by Mr. Kraljic with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

RESOLUTION 2026-02
A RESOLUTION OF THE CYPRESS COVE COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT’S PROPOSED BUDGET FOR FISCAL YEAR 2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW
WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year
2027; and

WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.008(b), Florida Statutes: and
WHEREAS, the Board of Supervisors desires to set the public hearing date;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS COVE COMMUNITY DEVELOPMENT DISTRICT:
The proposed budget for Fiscal Year 2027 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date: 	 Hour: 	 Place: 	

Notice of public hearing shall be published in accordance with Florida Law. Adopted this 	 day of 	, 2026

Chairman/Vice Chairman

Secretary/Assistant Secretary

Cypress Cove	
Community Development District	

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	
Proposed Budget	
General Fund	
	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	
7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	481,076	$	418,846	$	62,230	$	481,076	$	444,416	
Interest income	6,000	2,881	3,119	6,000	5,000	
TOTAL REVENUES	$	487,076	$	421,728	$	65,349	$	487,076	$	449,416	

EXPENDITURES:						
Administrative						
Engineering	$	15,000	$	10,480	$	9,520	$	20,000	$	20,000	
Attorney	30,000	10,453	14,548	25,000	25,000	
Annual Audit	3,600	3,600	-	3,600	3,700	
Management Fees	18,599	7,750	10,849	18,599	19,715	
Website Maintenance	1,113	464	649	1,113	1,180	
Trustee Fees	4,434	-	4,434	4,434	4,434	
Telephone	100	-	100	100	100	
Postage & Delivery	250	139	111	250	250	
Printing & Binding	1,200	93	1,107	1,200	1,200	
Insurance General Liability	8,918	7,932	-	7,932	8,725	
Legal Advertising	1,000	-	1,000	1,000	1,000	
Other Current Charges	1,000	958	542	1,500	1,618	
Office Supplies	250	42	208	250	250	
Property Appraiser	400	400	-	400	400	
Dues, Licenses & Subscriptions	175	175	-	175	175	
First Quarter Operating Capital	85,000	-	85,000	85,000	67,490	
TOTAL ADMINISTRATIVE	$	171,039	$	42,484	$	128,069	$	170,553	$	155,237	
Field Expenditures						
Field Management	$	6,890	$	2,871	$	4,019	$	6,890	$	7,303	
Gate Maintenance	15,500	3,047	12,453	15,500	15,500	
Cable	4,800	1,249	3,551	4,800	4,800	
Phone	3,000	1,118	1,882	3,000	3,000	
Electric	12,500	5,250	7,250	12,500	13,125	
Lake Maintenance	7,500	2,875	4,025	6,900	7,500	
Landscape Maintenance	56,000	22,222	31,112	53,333	56,000	
Landscape - Other	10,000	260	9,740	10,000	10,000	
Irrigation Repairs	10,000	3,200	6,800	10,000	10,000	
Stormwater Drainage Maintenance	10,000	4,250	3,250	7,500	7,500	
Repairs & Maintenance	12,000	-	12,000	12,000	10,000	
Janitorial / Porter Services	7,500	1,950	5,550	7,500	9,450	
Pressure Cleaning	10,000	7,000	3,000	10,000	10,000	
Contingency	5,347	2,000	9,600	11,600	10,000	
Capital Outlay	20,000	-	20,000	20,000	-	
Emergency Reserves	20,000	-	20,000	20,000	15,000	

TOTAL FIELD EXPENDITURES	$	211,037	$	57,291	$	154,232	$	211,523	$	189,178	

TOTAL EXPENDITURES	$	382,076	$	99,776	$	282,301	$	382,077	$	344,416	

Cypress Cove	
Community Development District	
Proposed Budget	
General Fund	
	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	
7 Months	9/30/26	FY 2027	

Other Sources/(Uses)						
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)	$	-	$	321,952	$	(321,952)	$	-	$	1	

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)	

Cypress Cove	
Community Development District	
Budget Narrative	
Fiscal Year 2027	

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	
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.	

Cypress Cove	
Community Development District	
Budget Narrative	
Fiscal Year 2027	

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:
Governmental Mgmt Services S-FL, LLC.
Gate Maintenance

Monthly :	Yearly :
$608.62	$7,303

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

Phone

Comcast
Acct # 8495 75 241 0489547
Acct # 8495 75 241 1027759

Amount:	Frequency:	Yearly :
$250.00	monthly	$3,000
$150.00	monthly		$1,800	
$4,800

The District has a contract with ATT for monthly phone services.

ATT
Acct # 330145441

Utilities - Electric

Amount:	Frequency:	Yearly :
$250.00	monthly		$3,000	
$3,000

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		

Lake Maintenance			$13,125	
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: Solitude Lake Management Contingencies

Amount:	Frequency:	Yearly :
$575.00	monthly	$6,900
	$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:
Just Call James, Inc.

Landscape - Other

Amount:	Frequency:	Yearly :
$4,666.66	monthly		$56,000	
$56,000

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.

Cypress Cove	
Community Development District	
Budget Narrative	
Fiscal Year 2027	

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	
Proposed Budget	
Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Interest Income	
Carry Forward Balance	

$	-	$	3,204	$	3,904	$	7,107	$	4,500	
190,000	190,849	-	190,849	142,456	

TOTAL REVENUES	$	190,000	$	194,053	$	3,904	$	197,956	$	146,956	

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	$	194,053	$	(51,596)	$	142,456	$	201,456	

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

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	160,389	$	139,525	$	20,864	$	160,389	$	160,389	
Interest Earnings	1,500	2,386	700	3,086	2,000	
Carry Forward Surplus (1)	59,392	63,037	-	63,037	68,655	

TOTAL REVENUES	$	221,281	$	204,948	$	21,564	$	226,512	$	231,044	

EXPENDITURES:

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

$	41,949	$	41,949	$	-	$	41,949	$	40,172	
-	545,000	-	545,000	-	
41,949	-	41,949	41,949	40,172	
75,000	-	75,000	75,000	80,000	

TOTAL EXPENDITURES	$	158,898	$	586,949	$	116,949	$	703,898	$	160,343	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	546,041	$	-	$	546,041	$	-	

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

TOTAL EXPENDITURES	$	158,898	$	40,908	$	116,949	$	157,857	$	160,343	

EXCESS REVENUES (EXPENDITURES)	$	62,383	$	164,040	$	(95,385)	$	68,655	$	70,701	

Interest Due 11/1/27	 $	38,276 	
	 $	38,276 	

(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	$	160,389	$	170,627	$	875.01	$	875.01	$	-	

TOTAL	195	$	160,389	$	170,627	

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%	-	41,949	155,557	
05/01/26	1,770,000	4.74%	75,000	41,949		
11/01/26	1,695,000	4.74%	-	40,172	157,121	
05/01/27	1,695,000	4.74%	80,000	40,172		
11/01/27	1,615,000	4.74%	-	38,276	158,447	
05/01/28	1,615,000	4.74%	85,000	38,276		
11/01/28	1,530,000	4.74%	-	36,261	159,537	
05/01/29	1,530,000	4.74%	90,000	36,261		
11/01/29	1,440,000	4.74%	-	34,128	160,389	
05/01/30	1,440,000	4.74%	90,000	34,128		
11/01/30	1,350,000	4.74%	-	31,995	156,123	
05/01/31	1,350,000	4.74%	95,000	31,995		
11/01/31	1,255,000	4.74%	-	29,744	156,739	
05/01/32	1,255,000	4.74%	100,000	29,744		
11/01/32	1,155,000	4.74%	-	27,374	157,117	
05/01/33	1,155,000	4.74%	105,000	27,374		
11/01/33	1,050,000	4.74%	-	24,885	157,259	
05/01/34	1,050,000	4.74%	110,000	24,885		
11/01/34	940,000	4.74%	-	22,278	157,163	
05/01/35	940,000	4.74%	115,000	22,278		
11/01/35	825,000	4.74%	-	19,553	156,831	
05/01/36	825,000	4.74%	120,000	19,553		
11/01/36	705,000	4.74%	-	16,709	156,261	
05/01/37	705,000	4.74%	130,000	16,709		
11/01/37	575,000	4.74%	-	13,628	160,336	
05/01/38	575,000	4.74%	135,000	13,628		
11/01/38	440,000	4.74%	-	10,428	159,056	
05/01/39	440,000	4.74%	140,000	10,428		
11/01/39	300,000	4.74%	-	7,110	157,538	
05/01/40	300,000	4.74%	145,000	7,110		
11/01/40	155,000	4.74%	-	3,674	155,784	
05/01/41	155,000	4.74%	155,000	3,674	158,674	

Total	$	1,910,000	$	980,357	$	2,890,357	

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	

$875.01	

$875.01	

$0.00	

$3,299.54	

$3,499.54	

-$200.00	
Total	195	195										

Page 9

Docusign Envelope ID: 039233A8-BD6A-49AD-A9ED-AC83C436F324

Please supply the following insurance information:

Insurance Company:		

 	

Insurance Agent Name:
Policy#:	

Insurance Agent Phone#:	

Special instructions (i.e., gates, locks, major cross streets and special directions contractors will need for site access): _ 	__ 	_ 	_ 	__ 	__ 	_ 	_____ 	_ 	__ 	_ 	_ 	__

_	_

_	_

_	_	_

_

_

_	_

_

_

_	_

_

_

Mailing address for Association: 	

Do you have a management company: No:	Yes	(if yes, list below)

Name of Management Company: 	

Address: 	

Contact Person: _		 Phone Number: 	
Facsimile Number:	E-mail Address:	

Please return signed Agreement to: City of Margate
City Manager’s Office 5790 Margate Boulevard,
Margate, Florida 33063
Facsimile: (954) 935-5304 citymanager@margatefl.com
_	

For City of Margate Office Use Only

Received by: _		Date: 	

Docusign Envelope ID: 039233A8-BD6A-49AD-A9ED-AC83C436F324

Exhibit "A"
Hurricane or Other Disaster Debris Removal  1, 20– , 202 (One-Year Period)

Name of Community: _	
Address: _	
I hereby grant the City of Margate right-of-entry for the purpose of hurricane or other disaster debris removal for the above referenced period pursuant to the Right-of-Entry Agreement.

In the case of a hurricane or other disaster event and debris removal by the City, the Owner acknowledges and agrees to submit to the City documentation from your insurance company as to whether or not your policy includes coverage for debris removal. If your policy includes coverage for debris removal, Owner will provide to the City a copy of the claim. If the claim is approved and paid, the payment shall be forwarded to the City to off-set City's debris removal costs.

By: _	 Owner or Designated Agent

Print Name: _	 Title: _	
Print Name of Management Company: 	
(if applicable)
Date: _2026-03-19	
Please return a signed copy of Exhibit “A” to:
City of Margate City Manager’s Office 5790 Margate Blvd.
Margate, Florida 33063
Facsimile: (954) 935-5304 citymanager@margatefl.com
Note: Property owner or designee is responsible to provide any updates regarding property management information and/or insurance information to the City if a change has occurred.

For City of Margate Office Use Only

Received by: _		Date: 	
Name(s) of Hurricane(s) or Other Disaster(s)*:

*This Exhibit “A” shall be updated by City of Margate staff for any and all events that occur during the designated one-year period.

ESTIMATE

CYPRESS COVE CDD

Cypress Dr, Margate FL, 33063

Scope of Work
Prep and install approx. 1,100 LF of new D CURB along perimeter fence on Santa Monica Dr.
Area to be trenched about 12” down on asphalt and poured with concrete, final pour of Dcurb to be 18x6
Curb to be finished with a brush to match shape and texture of existing end curb.
This revised Estimate is based on specs sent on 05/10 from the district engineer.

TOTAL:
$ 21,450.00 ($19.00 per LF)

*Price above reflectes labor and materials only, no permit facilitation included in this estimate.
- license use and permit facilitation fees are separate.

THANK YOU FOR YOUR BUSINESS

Cristhian Sotelo Del Mar Builders

911 Commercial Cleaning PROPOSAL

6344 Ocean Dr Margate FL, 33063 United States
Phone: (888)500-9110

Email: 911commercialcleaningcorp@gmail.com

Date: 3/30/2026 PROPOSAL

To: Cypress Cove CDD

Cypress Dr Margate, FL 33063 United States

Date of Service: 00/00/0000

Description of Services Provided
Service	Description	Amount	
Curb-wall Concrete adding total of 1,100 feet for
Cypress Cove Santa Monica DR	Provide all labor, materials, and equipment for the installation of approximately 1,100 LF of Type D concrete curb (6” x 18”), using 4,000 PSI concrete, per applicable standards.
Per District Engineer direction, curb alignment is shifted to the asphalt side along the fence line; scope includes saw-cutting asphalt approximately 6” from the curb line and excavating to a minimum depth of 12”, or as required to achieve proper sub-grade, in lieu of trenching in dirt to ensure proper tie-in with the roadway.
Unit Cost: $28.25 per LF	$31,075.00	

SCOPE OF WORK: Removal of existing defective units with the necessary tools. Transport and installation of new units, ensuring their safety.
Clearing the site and disposing of trash in a safe location, away from the removed units.
Pricing includes required Maintenance of Traffic (MOT) and site restoration of all disturbed areas.
DOES NOT INCLUDE PERMITS, PROCEDURES, OR CITY FEES. This would incur other costs beyond those listed in this offer according to the city's inspection plan.

.	ENGINEERS
PLANNERS
SCIENTISTS

CI

K

Ow  CONSTRUCT/ON MANAGERS
1425W.CypressCreekRoad,Surte101 Fortlallderdale,FL33309 T�e?hor,e:(954)776-\616
TECHNOLOGIES

AFTER

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(_)

CONCEPTUAL ENTRY MONUMENT DESIGN

NO.

DATE

REVIS!ONS
OESCRIPT!ON	BY

This exhibit was prepared for conceptual and illustrative purposes only and is subject to change without notice. All concepts are subject to, and not limited to, final engineering, permitting,

constructability review and site analysis.

BEFORE

DATE

DESIGNED SY

DRAWN SY

04-25-2025

DRAWING NO.

1
SHEET 1 OF 1

Cypress Cove CDD
Field Report

DISTRICT MANAGER: PATRICK BURGESS

Guard rail painting/plantings

Proposals for painting the guard rails or plantings in front of them to block the view can be obtained if the board is interested

Guard rail painting/plantings

Proposals for painting the guard rails or plantings in front of them to block the view can be obtained if the board is interested

Santa Monica Dr – Curb Install Area

Pictures to help support and visualize the curb install project on Santa Monica Dr

Vista Way/Santa Monica Dr - Landscaping

Recommended to remove dead Pittosporum, stump grind old palm stump, sod area

Monument Repairs/Landscape Enhancement at Rock Island

KCI to present monument enhancement renderings at the meeting
Management recommends monument enhancements and wall repairs to be completed first followed by and landscape enhancements

Cypress Cove
COMMUNITY DEVELOPMENT DISTRICT

Check Register
Fiscal Year 2026

Date:	Payment Details:	Amount:

Feb 2026	Check# 351 - 360	$11,351.41
ACH Utilities	$1,297.86

TOTAL	$12,649.27

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/24/26	PAGE	1
*** CHECK DATES 02/01/2026 - 02/28/2026 ***	CYPRESS COVE - GF
BANK B CYPRESS COVE - GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
2/17/26 00001	1/27/26 26222798 202601 320-54100-34500	*	140.00
01/26-VSITOR GATE ARM HIT
ASAP GATE PLUS, LLC.	140.00 000351
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/17/26 00005	1/31/26 197039	202601 310-51300-31500	*	1,170.00
JAN 26 - GENERAL COUNSEL
BILLING COCHRAN, P.A.	1,170.00 000352
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/17/26 00048	1/28/26 FEB26-04 202602 320-54100-34000	*	124.90
REAR GT CABLE 02/08-03/07
COMCAST	124.90 000353
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/17/26 00048	2/09/26 FEB26-10 202602 320-54100-43000	*	124.90
CABLE 02/13/26 - 03/12/26
COMCAST	124.90 000354
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/17/26 00017	2/01/26 151	202602 320-54100-33000	*	574.17
FEB 26 - FIELD MANAGEMENT
2/01/26 152	202602 310-51300-34000	*	1,549.92
FEB 26 - MGMT FEES
2/01/26 152	202602 310-51300-35100	*	92.75
FEB 26 - WEBSITE ADMIN
2/01/26 152	202602 310-51300-42000	*	5.18
FEB 26 - POSTAGE
2/01/26 152	202602 310-51300-42500	*	.15

GMS	- SO	FLORIDA, LLC	2,222.17	000355	
- - - -	- - -	-	- - - -	- - -	- -	- - - - - - - - - - -	- - -	- - - - - - -	-	-	-	-	-	-	-	-	-	- - - -	-	- - - - -	- - -	
2/17/26	00035	2/05/26	ARIV1051 202601 310-51300-31100	*	1,705.00	
KCI TECHNOLOGIES, INC.	1,705.00	000356	
- - - -	- - -	-	- - - -	- - -	- -	- - - - - - - - - - -	- - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	
2/17/26	00054	2/09/26	1829	202602 320-54100-46800	*	575.00	
FEB	26	- LAKE MAINTENANCE	
SOUTHEAST LAND AND WATER	575.00	000357	
- - - -	- - -	-	- - - -	- - -	- -	- - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
2/17/26	00047	2/04/26	2002	202601 320-54100-46400	*	750.00	
JAN	26	- PORTER SERVICES	
911 COMMERCIAL CLEANING CORP.	750.00	000358	
- - - -	- - -	-	- - - -	- - -	- -	- - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
2/25/26	00001	2/19/26	26223041	202602 320-54100-34500	*	95.00	
02/18-REINST.ENTR.GTE.ARM	
ASAP GATE PLUS, LLC.	95.00	000359	
- - - -	- - -	-	- - - -	- - -	- - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
2/25/26	00050	2/13/26	5522	202602 320-54100-46200	*	4,444.44	
FEB	26 - LANDSCAPE MAINT.	
JUST CALL JAMES, INC.	4,444.44	000360	
- - - -	- - -	-	- - - -	- - -	- - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	- - - -	-	- - - - -	- - -	

- - - - - -	

- - - - - -	

- - - - - -	

- - - - - -	

- - - - - -	

-	
-	
-	
-	
-	
-	

FEB 26 - COPIES

JAN 26 - ENGINEERING SVCS

TOTAL FOR BANK B	11,351.41 CCOV CYPRESS COVE	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/24/26	PAGE	1
*** CHECK DATES 02/01/2026 - 02/28/2026 ***	CYPRESS COVE - GF

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME		STATUS		AMOUNT	....CHECK..... AMOUNT	#	
2/25/26 00049	1/22/26 33014544 202602 320-54100-41000
1/22/26 33014544 202602 320-54100-41000			*
*		185.00
38.62		
	FEB 26 - PHONE SVC
AT&T (AUTOPAY)						223.62 030033	
- - - - - - - - 2/25/26 00007	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/26 22331-83 202601 320-54100-43000
1/22/26 73212-04 202601 320-54100-43000	- - -	- - - - -	- - - -
*
*	- - - - - -	- - - -

39.71	- - - - - - - -	
	GATE LIGHTS-(12/19-01/22)
1/28/26 42952-75 202601 320-54100-43000			*		899.19		
	STREETLIGHTS- 12/29-01/28
FPL						1,074.24 030034	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- - - - -	- - - -	- - - - - -	- - - -	- - - - - - - -	

BANK Z CYPRESS COVE	AUTOPY

FEB 26 - INTERNET SVC

GATE LIGHTS-(12/19-01/22)

135.34

TOTAL FOR BANK Z	1,297.86
TOTAL FOR REGISTER	1,297.86

CCOV CYPRESS COVE	SNEEROOA

Cypress Cove	
Community Development District	

Unaudited Financial Reporting	
February 28, 2026	

Table of Contents

1		Balance Sheet	

2	
	General Fund	

3	
	Debt Service Fund Series 2023	

4	
	Debt Service Fund Series 2023	

5	
	Capital Project Fund Series 2023	

6-7	
	Month to Month	

8	
	Long Term Debt Report	

9	
	Assessment Receipt Schedule	

Cypress Cove	
Community Development District	
Combined Balance Sheet	
February 28, 2026	

General	Capital Reserve	Debt Service	Totals	
Fund	Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account-South State	

$	52,828	$	-	$	-	$	52,828

Due from General Fund	-	-	6,618	6,618

Investments:	
State Board of Administration (SBA)	

				

383,249	194,053	-	577,302

Series 2023	
Revenue	
Prepayment	

-	
-	

-	156,381	156,381	
-	1,041	1,041	

Total Assets	$	436,077	$	194,053	$	164,040	$	794,169	
Liabilities:	
Accounts Payable	$	7,345	$	-		$	-		$	7,345	
Due to Debt Service	6,618		-		-	6,618	

Total Liabilites	$	13,963	$	-	$	-	$	13,963

Fund Balance:	
Restricted for:	
Debt Service - Series 2023	
Assigned for:	
Capital Reserves	
Emergency Reserves	
Unassigned	

$	-	$

-	$	164,040	$

164,040

40,000	
60,000	
322,114	

	
194,053	
-	
-	

	
-	
-	
-	

	
234,053	
60,000	
322,114	

Total Fund Balances	$	422,114	$	194,053	$	164,040	$	780,207	

Total Liabilities & Fund Balance	$	436,077	$	194,053	$	164,040	$	794,169

Cypress Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2026

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/26	Thru 02/28/26	Variance	

Revenues:
Special Assessments - Tax Roll	
$	481,076	
$	418,846	
$	418,846	
$	-	
Interest Income	6,000	2,500	2,881	381	
Total Revenues	$	487,076	$	421,346	$	421,728	$	381	
Expenditures:					
General & Administrative:					
Engineering	$	15,000	$	6,250	$	10,480	$	(4,230)	
Attorney	30,000	12,500	10,453	2,048	
Annual Audit	3,600	3,600	3,600	-	
Management Fees	18,599	7,750	7,750	(0)	
Website Maintenance	1,113	464	464	-	
Trustee Fees	4,434	-	-	-	
Telephone	100	42	-	42	
Postage & Delivery	250	104	139	(35)	
Printing & Binding	1,200	500	93	407	
Insurance General Liability	8,918	8,918	7,932	986	
Legal Advertising	1,000	417	-	417	
Other Current Charges	1,000	417	958	(541)	
Office Supplies	250	104	42	63	
Property Appraiser	400	400	400	-	
Dues, Licenses & Subscriptions	175	175	175	-	
First Quarter Operating Capital	85,000	-	-	-	
Total General & Administrative	$	171,039	$	41,640	$	42,484	$	(845)	
Operations & Maintenance					
Field Expenditures					
Field Management	$	6,890	$	2,871	$	2,871	$	0	
Gate Maintenance	15,500	6,458	3,047	3,411	
Cable	4,800	2,000	1,249	751	
Phone	3,000	1,250	1,118	132	
Electric	12,500	5,208	5,250	(41)	
Lake Maintenance	7,500	3,125	2,875	250	
Landscape Maintenance	56,000	23,333	22,222	1,112	
Landscape - Other	10,000	4,167	260	3,907	
Irrigation Repairs	10,000	4,167	3,200	967	
Stormwater Drainage Maintenance	10,000	4,167	4,250	(83)	
Repairs & Maintenance	12,000	5,000	-	5,000	
Janitorial / Porter Services	7,500	3,125	1,950	1,175	
Pressure Cleaning	10,000	7,000	7,000	-	
Contingency	5,347	2,228	2,000	228	
Capital Reserves	20,000	20,000	-	20,000	
Emergency Reserves	20,000	20,000	-	20,000	

Subtotal Field Expenditures	$	211,037	$	114,099	$	57,291	$	56,807

Total Expenditures	$	382,076	$	155,738	$	99,776	$	55,963

Excess (Deficiency) of Revenues over Expenditures	$	105,000	$	265,608	$	321,952	$	56,344

Other Financing Sources/(Uses):
Transfer in/(Out)

$	(105,000)	$

-	$	-	$	-

Total Other Financing Sources/(Uses)	$	(105,000)	$	-	$	-	$	-

Net Change in Fund Balance	$	-	$	265,608	$	321,952	$	56,344

Fund Balance - Beginning	$	-	$	100,162

Fund Balance - Ending	$	-	$	422,114

Cypress Cove
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Thru 07/31/25	Thru 07/31/25	Variance	
Revenues					
Interest Income	$	-	$	-	$	3,204	$	3,204	
Total Revenues	$	-	$	-	$	3,204	$	3,204	
Expenditures:					
Sidewalk Repairs	$	40,000	$	-	$	-	$	-	
Monument Repairs	70,000	-	-	-	
Landscaping - Entrance Enhancement	50,000	-	-	-	
Other Current Charges	500	208	-	208	
Total Expenditures	$	160,500	$	208	$	-	$	208	
					
Excess (Deficiency) of Revenues over Expenditur	$	(160,500)	$	(208)	$	3,204	$	3,412	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	105,000	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	105,000	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(55,500)	$	(208)	$	3,204	$	3,412	
					
Fund Balance - Beginning	$	190,000		$	190,849		
					
Fund Balance - Ending	$	134,500		$	194,053		

Cypress Cove	
Community Development District	
Debt Service Fund Series 2023	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending February 28, 2026	
Adopted	Prorated Budget	Actual		
Budget	Thru 02/28/26	Thru 02/28/26	Variance	
Revenues:

Special Assessments - Tax Roll	$	160,389	$	139,525	$	139,525	$	-	
Interest Income	1,500	625	2,386	1,761	

Total Revenues	$	161,889	$	140,150	$	141,911	$	1,761	
Expenditures:		
Interest - 11/1	$	41,949	$	41,949	$	41,949	$	-	
Special Call - 11/1	-	-	545,000	(545,000)	
Interest - 5/1	41,949	-	-	-	
Principal - 5/1	75,000	-	-	-	
Total Expenditures	$	158,898	$	41,949	$	586,949	$	(545,000)	

Excess (Deficiency) of Revenues over Expenditur	$	2,991	$	98,201	$	(445,038)	$	(543,239)	

Other Financing Sources/(Uses):

Transfer In/(Out)	$	-	$	-	$	546,041	$	546,041	

Total Other Financing Sources/(Uses)	$	-	$	-	$	546,041	$	546,041	
	
Net Change in Fund Balance	$	2,991	$	98,201	$	101,002	$	2,801	
	
Fund Balance - Beginning	$	59,392		$	63,037		
	
Fund Balance - Ending	$	62,383		$	164,040		

Cypress Cove
Community Development District Capital Projects Fund Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2026

Adopted	Prorated Budget	Actual		
Budget	Thru 02/28/26	Thru 02/28/26	Variance	
Revenues			
Interest Income	$	-	$	-	$	2,221	$	2,221	
Total Revenues	$	-	$	-	$	2,221	$	2,221	

Expenditures:

Capital Outlay	

$	-	$	-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
			
Excess (Deficiency) of Revenues over Expenditur	$	-	$	-	$	2,221	$	2,221	

Other Financing Sources/(Uses)			
Transfer In/(Out)	$	-	$	-	$	(546,041)	$	(546,041)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(546,041)	$	(546,041)	
			
Net Change in Fund Balance	$	-	$	-	$	(543,820)	$	(543,820)	
			
Fund Balance - Beginning	$	-	$	543,820		
			
Fund Balance - Ending	$	-	$	-		

Cypress Cove	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Special Assessments - Tax Roll	$	-	$	21,635	$  377,011	$	14,836	$	5,365	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  418,846	
Interest Income	250	155	349	1,002	1,124	-	-	-	-	-	-	-	2,881	

Total Revenues	$	250	$  21,791	$ 377,360	$  15,837	$	6,489	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 421,728	

Expenditures:														
General & Administrative:														
Engineering	$	4,520	$	2,498	$	-	$	3,000	$	463	$	-	$	-	$	-	$	-	$	-	$	-	$	-	10,480	
Attorney	5,013	2,075	1,213	1,170	983	-	-	-	-	-	-	-	10,453	
Annual Audit	-	-	-	3,600	-	-	-	-	-	-	-	-	3,600	
Management Fees	1,550	1,550	1,550	1,550	1,550	-	-	-	-	-	-	-	7,750	
Website Maintenance	93	93	93	93	93	-	-	-	-	-	-	-	464	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	19	5	2	107	5	-	-	-	-	-	-	-	139	
Printing & Binding	30	51	12	-	0	-	-	-	-	-	-	-	93	
Insurance General Liability	7,932	-	-	-	-	-	-	-	-	-	-	-	7,932	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	117	617	97	55	72	-	-	-	-	-	-	-	958	
Office Supplies	16	13	13	-	-	-	-	-	-	-	-	-	42	
Property Appraiser	-	-	400	-	-	-	-	-	-	-	-	-	400	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
First Quarter Operating Capital	-	-	-	-	-	-	-	-	-	-	-	-	-	
Total General & Administrative	$  19,464	$	6,901	$	3,379	$	9,575	$	3,165	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  42,484	

Cypress Cove	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Operations & Maintenance		
Field Expenditures		
Field Management	$	574	$	574	$	574	$	574	$	574	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,871	
Gate Maintenance	768	1,297	380	507	95	-	-	-	-	-	-	-	3,047	
Cable	250	250	250	250	250	-	-	-	-	-	-	-	1,249	
Phone	223	224	224	224	224	-	-	-	-	-	-	-	1,118	
Electric	1,041	1,035	1,050	1,074	1,050	-	-	-	-	-	-	-	5,250	
Lake Maintenance	575	575	575	575	575	-	-	-	-	-	-	-	2,875	
Landscape Maintenance	4,444	4,444	4,444	4,444	4,444	-	-	-	-	-	-	-	22,222	
Landscape - Other	-	-	-	260	-	-	-	-	-	-	-	-	260	
Irrigation Repairs	-	1,700	1,500	-	-	-	-	-	-	-	-	-	3,200	
Stormwater Drainage Maintenance	-	-	-	-	4,250	-	-	-	-	-	-	-	4,250	
Repairs & Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Janitorial / Porter Services	-	-	600	750	600	-	-	-	-	-	-	-	1,950	
Pressure Cleaning	-	-	7,000	-	-	-	-	-	-	-	-	-	7,000	
Contingency	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Capital Reserves	-	-	-	-	-	-	-	-	-	-	-	-	-	
Emergency Reserves	-	-	-	-	-	-	-	-	-	-	-	-	-	

Subtotal Field Expenditures	$	9,875	$  10,100	$  16,597	$	8,658	$  12,062	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  57,291	

Total Expenditures	$  29,339	$  17,001	$  19,975	$  18,233	$  15,227	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  99,776	

Net Change in Fund Balance	$ (29,089)	$	4,790	$ 357,384	$	(2,396)	$	(8,738)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 321,952	

Cypress Cove	
Community Development District	
Long Term Debt Report	

Special Assessment Bonds	
Series 2023	

Original Bond Issue Amount:		

$1,910,000	
Interest Rate:	4.74%		
Maturity Date:	May 1, 2041		
Reserve Fund Definition	50% of Maximum Annual Debt Service		
Reserve Fund Requirement	$0		
Reserve Fund Balance	$0		

Bonds Outstanding - 4/6/2023		
$1,910,000	
Less: Principal Payment - 5/1/24		($70,000)	
Less: Principal Payment - 5/1/25		($70,000)	
Less: Special Call - 11/1/25		($545,000)	
Current Bonds Outstanding		$1,225,000	

Page 8

Cypress Cove
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Broward County Fiscal Year 2026

Gross Assessments	$	511,783	$	170,627	$	682,410	
Net Assessments	$	481,076	$	160,389	$	641,466	
allocation in %	75%	25%	100%	

ON ROLL ASSESSMENTS

Date	
Gross Amount	Discount/
(Penalty)	
Commission	
Interest	
Net Receipts	
O&M Portion	2023
Debt Service	
Total	

11/21/25	
$	30,374	
$	1,234	
$	291	
$	-	
$	28,848	
$	21,635	
$	7,213	
$	28,848	
12/05/25	64,675	2,587	621	-	61,467	46,098	15,369	61,467	
12/19/25	464,183	18,489	4,457	-	441,238	330,913	110,325	441,238	
01/02/26	9,006	253	88	-	8,665	6,499	2,167	8,665	
01/16/26	11,071	315	108	-	10,649	7,986	2,663	10,649	
01/23/26	-	-	-	351	351	351	-	351	
02/13/26	7,352	126	72	-	7,154	5,365	1,789	7,154	
TOTAL	$	586,661	$	23,004	$	5,637	$	351	$	558,372	$	418,846	$	139,525	$	558,372	

$

86%
95,749

Percent Collected Balance Remaining to Collect

Page 9