Banyan Cay 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
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

$70,574

$16,223

$86,797

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

O&M Assessments

102,492

103,599

103,599

Developer Contribution

0

0

0

Debt Assessments

425,532

425,532

425,532

Interest Income

360

3,429

3,429

Total Revenues

$	528,384

$	532,560

$	532,560

EXPENDITURES

Supervisor Fees

0

0

0

Engineering/Inspections

8,000

12,000

8,000

Management

26,208

26,208

26,208

Legal

20,000

13,000

11,452

Assessment Roll

5,000

5,000

5,000

Audit Fees

4,700

4,600

4,600

Arbitrage Rebate Fee

650

650

650

Insurance

7,250

6,858

6,858

Legal Advertisements

1,400

1,400

912

Miscellaneous

1,400

500

0

Postage

370

45

33

Office Supplies

650

175

156

Dues & Subscriptions

175

175

175

Trustee Fees

4,150

4,139

4,139

Continuing Disclosure Fee

1,000

1,000

1,000

Website Management

2,000

2,000

2,000

Lake Maintenance

13,000

13,500

10,917

Reserve

750

750

0

Total Expenditures

$	96,703

$	92,000

$	82,100

REVENUES LESS EXPENDITURES

$	431,681

$	440,560

$	450,460

Bond Payments

(400,000)

(420,178)

(420,178)

BALANCE

$	31,681

$	20,382

$	30,282

County Appraiser & Tax Collector Fee

(10,560)

(2,791)

(2,791)

Discounts For Early Payments

(21,121)

(1,368)

(1,368)

EXCESS/ (SHORTFALL)

$	-

$	16,223

$	26,123

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	16,223

$	26,123

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

Notes
Reserve Fund Balance = $400,000*. Revenue Fund Balance = $388,274*
Revenue Account Balance To Be Used To Make 11/1/2025 Principal Payment Of $140,000 And Interest Payment Of $129,125 (Total Payment: $269,125)
* Approximate Amounts

Series 2020 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$6,895,000 2.75% - 4.00%
December 2020
November 2051

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

Par Amount As Of 9/30/25 =

$6,500,000

II

$754,190

$34,084

$788,274

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

400

26,564

26,564

NAV Tax Collection

400,000

420,178

420,178

Transfer From Construction Fund

0

0

0

Total Revenues

$	400,400

$	446,742

$	446,742

EXPENDITURES

Principal Payments

140,000

135,000

135,000

Interest Payments

258,250

260,106

260,106

Bond Redemption

2,150

0

0

Transfer To Construction Fund

0

17,552

17,552

Total Expenditures

$	400,400

$	412,658

$	412,658

Excess/ (Shortfall)

$	-

$	34,084

$	34,084