Banyan Cay 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

DETAILED BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O&M Assessments	102,382	
Developer Contribution	0	
Debt Assessments	425,532	
Interest Income	720	
		
TOTAL REVENUES	$	528,634	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	8,000	
Management	26,964	
Legal	19,000	
Assessment Roll	5,000	
Audit Fees	4,800	
Arbitrage Rebate Fee	650	
Insurance	7,250	
Legal Advertisements	1,400	
Miscellaneous	1,350	
Postage	345	
Office Supplies	625	
Dues & Subscriptions	175	
Trustee Fees	4,150	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
Lake Maintenance	13,500	
Reserve	750	
Miscellaneous Maintenance	0	
TOTAL EXPENDITURES	$	96,959	
		
REVENUES LESS EXPENDITURES	$	431,675	
		
Bond Payments	(400,000)	
		
BALANCE	$	31,675	
		
County Appraiser & Tax Collector Fee	(10,558)	
Discounts For Early Payments	(21,117)	
		
EXCESS/ (SHORTFALL)	$	-	

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

REVENUES	
FISCAL YEAR 20232024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O&M Assessments	102,966	102,492	102,382	Expenditures Less Interest /.94	
Developer Contribution	0	0	0	Developer Contribution	
Debt Assessments	425,532	425,532	425,532	Bond Payments/.94	
Interest Income	5,397	360	720	Projected At $60.00 Per Month	
					
TOTAL REVENUES	$	533,895	$	528,384	$	528,634		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	8,297	8,000	8,000	No Change From 2024/2025 Budget	
Management	25,452	26,208	26,964	CPI Increase	
Legal	15,263	20,000	19,000	FY 24/25 Expenditures Through Feb 2025 Were $2,645	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	4,500	4,700	4,800	$100 Increase From 2024/2025 Budget	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,594	7,250	7,250	FY 24/25 Expenditure Was $6,858	
Legal Advertisements	1,363	1,400	1,400	No Change From 2024/2025 Budget	
Miscellaneous	38	1,400	1,350	$50 Decrease From 2024/2025 Budget	
Postage	77	370	345	$25 Decrease From 2024/2025 Budget	
Office Supplies	358	650	625	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	4,139	4,150	4,150	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Lake Maintenance	13,178	13,000	13,500	Lake Maintenance	
Reserve	0	750	750	Reserve	
Miscellaneous Maintenance	114	0	0	FY 2023/2024 Expenditure Was For Vegatation	
TOTAL EXPENDITURES	$	88,198	$	96,703	$	96,959		
					
REVENUES LESS EXPENDITURES	$	445,697	$	431,681	$	431,675		
					
Bond Payments	(407,717)	(400,000)	(400,000)	2026 Principal & Interest Payments	
					
BALANCE	$	37,980	$	31,681	$	31,675		
					
County Appraiser & Tax Collector Fee	(2,847)	(10,560)	(10,558)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(16,988)	(21,121)	(21,117)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	18,145	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
BANYAN CAY 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	
36,860	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
407,717	
400,000	
400,000	
Maximum Debt Service Collection	

Total Revenues	
$	444,577	
$	400,400	
$	401,000		

EXPENDITURES					

Principal Payments	
130,000	
140,000	
145,000	
Principal Payment Due In 2026	

Interest Payments	
263,780	
258,250	
254,400	
Interest Payments Due In 2026	

Transfer To Construction Fund	
21,873	
0	
0		

Bond Redemption	
0	
2,150	
1,600	
Estimated Excess Debt Collections	

Total Expenditures	
$	415,653	
$	400,400	
$	401,000		

Excess/ (Shortfall)	
$	28,924	
$	-	
$	-		

Series 2020 Bond Information

Original Par Amount =	$6,895,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	2.75% - 4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	December 2020			
Maturity Date =

Par Amount As Of 1/1/25 =	November 2051

$6,500,000			

Banyan Cay Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	2022/2023
	Assessment*		2023/2024
	Assessment*		2024/2025
	Assessment*		2025/2026
	Projected Assessment*		
O & M For Estate Homes	$	370.03	$	416.66	$	416.64	$	416.20	
Debt For Estate Homes	$	1,789.13	$	1,789.13	$	1,789.13	$	1,789.13	
Total For Estate Homes	
$	2,159.16	
$	2,205.79	
$	2,205.77	
$	2,205.33	
O & M For Hotel Room/Units	$	370.03	$	416.66	$	416.64	$	416.20	
Debt For Hotel Room/Units	$	1,789.13	$	1,789.13	$	1,789.13	$	1,789.13	
Total For Hotel	
$	2,159.16	
$	2,205.79	
$	2,205.77	
$	2,205.33	
O & M For Resort Villas	$	370.03	$	416.66	$	416.64	$	416.20	
Debt For Resort Villas	$	1,431.30	$	1,431.30	$	1,431.30	$	1,431.30	
Total For Resort Villas	
$	1,801.33	
$	1,847.96	
$	1,847.94	
$	1,847.50	
O & M For Clubhouse Component	$	8,140.66	$	9,166.52	$	9,166.08	$	9,156.40	
Debt For Clubhouse Component	$	32,639.00	$	32,639.00	$	32,639.00	$	32,639.00	
Total For Clubhouse Component	
$	40,779.66	
$	41,805.52	
$	41,805.08	
$	41,795.40	

* Assessments Include the Following :		
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information - Phase One:		
Estate Homes	52	
Hotel Units/Room	150	
Resort Villas	22	
Clubhouse Component	22	
Total Units	246	
Clubhouse Component Is 18,243 Square Feet		

IV