Banyan Cay Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O&M Assessments

87,967

Debt Assessments

425,532

Interest Income

840

TOTAL REVENUES

$	514,339

EXPENDITURES

Supervisor Fees

0

Engineering/Inspections

8,000

Management

27,684

Legal

18,000

Assessment Roll

5,000

Audit Fees

4,100

Arbitrage Rebate Fee

650

Insurance

8,000

Legal Advertisements

1,400

Miscellaneous

1,300

Postage

320

Office Supplies

600

Dues & Subscriptions

175

Trustee Fees

4,150

Continuing Disclosure Fee

1,000

Website Management

2,000

Lake Maintenance

0

Reserve

1,150

TOTAL EXPENDITURES

$	83,529

REVENUES LESS EXPENDITURES

$	430,810

Bond Payments

(400,000)

BALANCE

$	30,810

County Appraiser & Tax Collector Fee

(10,270)

Discounts For Early Payments

(20,540)

EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O&M Assessments

103,599

88,020

87,967

Expenditures Less Interest /.94

Debt Assessments

425,532

425,532

425,532

Bond Payments/.94

Interest Income

3,429

720

840

Projected At $70 Per Month

TOTAL REVENUES

$	532,560

$	514,272

$	514,339

EXPENDITURES

Supervisor Fees

0

0

0

Engineering/Inspections

8,000

8,000

8,000

No Change From 2025/2026 Budget

Management

26,208

26,964

27,684

CPI Increase

Legal

11,452

19,000

18,000

FY 25/26 Expenditures Through Feb 26 Were $1,627

Assessment Roll

5,000

5,000

5,000

As Per Contract

Audit Fees

4,600

4,800

4,100

Accepted Amount For 2025/2026 Audit

Arbitrage Rebate Fee

650

650

650

No Change From 2025/2026 Budget

Insurance

6,858

7,250

8,000

FY 25/26 Expenditure Was $7,269

Legal Advertisements

912

1,400

1,400

No Change From 2025/2026 Budget

Miscellaneous

0

1,350

1,300

$50 Decrease From 2025/2026 Budget

Postage

33

345

320

$25 Decrease From 2025/2026 Budget

Office Supplies

156

625

600

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

4,139

4,150

4,150

No Change From 2025/2026 Budget

Continuing Disclosure Fee

1,000

1,000

1,000

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Lake Maintenance

10,917

0

0

Responsibility Of POA

Reserve

0

750

1,150

Reserve

TOTAL EXPENDITURES

$	82,100

$	83,459

$	83,529

REVENUES LESS EXPENDITURES

$	450,460

$	430,813

$	430,810

Bond Payments

(420,178)

(400,000)

(400,000)

2027 Principal & Interest Payments

BALANCE

$	30,282

$	30,813

$	30,810

County Appraiser & Tax Collector Fee

(2,791)

(10,271)

(10,270)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(1,368)

(20,542)

(20,540)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	26,123

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 =
Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$6,360,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

26,564

1,000

1,000

Projected Interest For 2026/2027

NAV Tax Collection

420,178

400,000

400,000

Maximum Debt Service Collection

Total Revenues

$	446,742

$	401,000

$	401,000

EXPENDITURES

Principal Payments

135,000

145,000

150,000

Principal Payment Due In 2027

Interest Payments

260,106

254,400

248,600

Interest Payments Due In 2027

Transfer To Construction Fund

17,551

0

0

Bond Redemption

0

1,600

2,400

Estimated Excess Debt Collections

Total Expenditures

$	412,657

$	401,000

$	401,000

Excess/ (Shortfall)

$	34,085

$	-

$	-

Banyan Cay Community Development District Assessment Comparison

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2025/2026
	Projected Assessment*	

O & M For Estate Homes Debt For Estate Homes
Total For Estate Homes

$
$

416.66
1,789.13

$
$

416.64
1,789.13

$
$

357.81
1,789.13

$
$

357.60
1,789.13

$

2,205.79

$

2,205.77

$

2,146.94

$

2,146.73

O & M For Hotel Room/Units Debt For Hotel Room/Units
Total For Hotel

$
$

416.66
1,789.13

$
$

416.64
1,789.13

$
$

357.81
1,789.13

$
$

357.60
1,789.13

$

2,205.79

$

2,205.77

$

2,146.94

$

2,146.73

O & M For Resort Villas Debt For Resort Villas
Total For Resort Villas

$
$

416.66
1,431.30

$
$

416.64
1,431.30

$
$

357.81
1,431.30

$
$

357.60
1,431.30

$

1,847.96

$

1,847.94

$

1,789.11

$

1,788.90

O & M For Clubhouse Component Debt For Clubhouse Component
Total For Clubhouse Component

$
$

9,166.52
32,639.00

$
$

9,166.08
32,639.00

$
$

7,871.82
32,639.00

$
$

7,867.20
32,639.00

$

41,805.52

$

41,805.08

$

40,510.82

$

40,506.20

* 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 Hotel Units/Room Resort Villas
Clubhouse Component
Total Units

52
150
22
1
225

Clubhouse Component Is 18,243 Square Feet

IV