Cypress Bluff

Community Development District

Approved Budget
FY2025

Presented by:

Table of Contents

1-2		General Fund	

3-6	
	Narratives	

7	
	Debt Service Fund Series 2019	

8	
	Amortization Schedule Series 2019	

9	
	Debt Service Fund Series 2020	

10	
	Amortization Schedule Series 2020	

11	
	Debt Service Fund Series 2020A	

12	
	Amortization Schedule Series 2020A	

13	
	Debt Service Fund Series 2021	

14	
	Amortization Schedule Series 2021	

15	
	Assessment Schedule	

Adopted
Budget	Actuals Thru	Projected Next  Projected Thru

Approved Budget

Description	FY2024	4/30/24		5 Months		9/30/24	FY 2025	
REVENUES:						
Special Assessments	$	910,227	$	904,330	$	3,844	$	908,174	$  1,196,190	
Interest income	5,000	6,308	5,000	11,308	5,000	
Other Revenues (Event Fees)	20,000	12,946	15,000	27,946	20,000	
Carry Forward Surplus	192,092	-	192,092	192,092	-	
TOTAL REVENUES	$ 1,127,318	$	923,583	$	215,935	$ 1,139,519	$ 1,221,190	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	5,000	$	6,000	$	11,000	$	12,000	
FICA Expense	918	352	459	811	918	
Engineering	5,000	-	5,000	5,000	5,000	
Arbitrage Rebate	2,400	600	1,800	2,400	2,400	
Dissemination Agent	7,160	4,477	2,683	7,160	7,590	
Attorney	15,000	4,558	8,442	13,000	13,000	
Annual Audit	6,600	6,400	-	6,400	6,500	
Assessment Roll Administration	10,600	10,600	-	10,600	11,236	
Trustee Fees	20,000	20,433	-	20,433	20,500	
Management Fees	52,088	30,385	21,704	52,088	55,214	
Information Technology	2,650	1,546	1,104	2,650	2,809	
Website Maintenance	1,325	773	552	1,325	1,405	
Telephone	500	16	484	500	500	
Postage & Delevery	1,500	761	739	1,500	1,500	
Printing & Binding	2,500	1,043	1,457	2,500	2,500	
Insurance General Liability	6,586	6,197	-	6,197	6,817	
Legal Advertising	2,500	871	1,629	2,500	2,500	
Other Current Charges	1,000	-	500	500	500	
Office Supplies	600	75	526	600	600	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	151,102	$	94,262	$	53,078	$	147,340	$  153,663	

Operations & Maintenance						
Grounds Maintenance						
Lake Maintenance	$	1,500	$	700	$	500	$	1,200	$	1,500	
Landscape Maintenance	410,604	237,149	173,455	410,604	408,925	
Landscape Contingency	13,000	6,100	5,000	11,100	13,000	
Pump Maintenance	3,550	-	3,550	3,550	3,550	
Water & Sewer	35,000	13,995	12,000	25,995	26,720	
Irrigation Repairs	7,500	4,155	3,345	7,500	7,500	
Pest Control	2,400	1,344	1,056	2,400	2,400	
Environmental Permit/Monitoring	20,000	1,725	18,275	20,000	20,000	
Other Repairs and Maintenance	3,000	1,960	2,500	4,460	5,000	
TOTAL GROUNDS MAINTENANCE	$	496,554	$	267,127	$	219,682	$	486,809	$  488,595	

Adopted
Budget	Actuals Thru	Projected Next  Projected Thru

Approved Budget

Description	FY2024	4/30/24		5 Months		9/30/24	FY 2025	

Amenity Expenditures						
Insurance	$	53,294	$	53,555	$	-	$	53,555	$	60,517	
Amenity Manager (Vesta)	109,505	72,988	52,134	125,122	130,127	
Pool Maintenance (Vesta)	9,875	5,761	4,114	9,875	9,876	
Pool Chemicals (Vesta)	13,875	8,094	5,781	13,875	16,649	
Facility Attendant (Vesta)	72,352	42,656	29,696	72,352	77,761	
Janitorial Services (Vesta)	10,828	6,316	4,512	10,828	12,950	
Refuse	1,800	1,093	707	1,800	2,160	
Security and Gate Maintenance	5,500	5,005	4,996	10,000	10,000	
Facility Maintenance (Vesta)	20,765	12,113	8,652	20,765	20,764	
Elevator Maintenance	5,000	3,426	1,574	5,000	5,000	
Electric	30,000	13,444	12,000	25,444	27,060	
Cable and Internet	12,000	7,324	6,500	13,824	13,200	
Licenses and Permits	1,000	-	1,000	1,000	1,000	
Repairs & Maintenance	33,000	16,859	16,141	33,000	45,000	
Special Events	32,000	17,853	14,147	32,000	35,000	
Holiday Decorations	1,500	705	795	1,500	1,500	
Fitness Center R&M	10,000	9,258	8,000	17,258	18,000	
Fitness Equipment Rentals	25,368	14,798	10,570	25,368	25,368	
Reserve for Amenities	20,000	-	20,000	20,000	55,000	
Mobile Application	9,000	4,500	4,500	9,000	9,000	
Other Current Charges	3,000	-	1,500	1,500	3,000	
TOTAL AMENITY EXPENDITURES	$	479,662	$	295,747	$	207,319	$	503,066	$  578,932	
						
TOTAL EXPENDITURES	$ 1,127,318	$	657,136	$	480,079	$ 1,137,215	$ 1,221,190	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	266,447	$  (264,143)	$	2,304	$	-	

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.
Other Revenues (Event Fees)
Income received from resident rental of Rooftop patio, amenity access fobs, fitness class, etc.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 12 meetings.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
Engineering
The District’s engineer, England-Thims & Miller, Inc will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2019, 2020, 2020A and 2021 Special Assessment Revenue Bonds.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Attorney
The District’s legal counsel, Kutak Rock LLP will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau and Associates currently serves as the District’s Independent Auditor.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Trustee Fees
The Trustee at The Bank of New York Mellon administers the District’s Series 2019, 2020, 2020A, and 2021 Special Assessment Revenue Bonds. The amount represents the annual fee for the administration of the District’s bond issue.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.
Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Expenditures - Administrative (continued)

Telephone
New internet and Wi-Fi service for Office.
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 Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.
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.
Due, Licenses & Subscriptions

Expenditures – Field

The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Lake Maintenance
Maintenance costs to maintain lakes and control vegetation and algae. The District currently uses Clear Waters, Inc. and Aerostar SES for storm water inspection services.
Landscape Maintenance
The District has contracted with Sun State Nursery & Landscaping Estimated costs related to maintain the common areas of the District.

Vendor	Decription	Monthly	Annual	
Sun State Nursery & Landscaping	Landscape Maintenance Ph1	$	6,027	$	72,325	
	Landscape Maintenance Ph2	14,210	170,520	
	E-Town Recharge Center	3,320	39,840	
	E-Town Interchange East & West	6,720	80,640	
	Apex Trail	1,600	19,200	
	Glenmont	2,200	26,400	
	Total	$	34,077	$	408,925	
Landscape Contingency
Estimated costs for other landscape maintenance incurred by the District.
Pump Maintenance
Estimated costs related to maintain the irrigation pumps in the District.
Water & Sewer
Estimated costs for irrigation by the district for water, sewer and irrigation billed by JEA.

Account #	Location	Monthly	Annual	
Fire Sprinkler 1	10571 E-Town PY	$	50	$	600	
P405621600-Water	11399 Square ST Apt IR01	800	9,600	
88781372-Water	10571 E-Town PY	80	960	
88634656-Irrigation	10571 E-Town PY	1,100	13,200	
88781372-Sewer	10571 E-Town PY	130	1,560	
	Contingency		800	
	Total	$	2,160	$	26,720	
Irrigation Repairs
Estimated miscellaneous irrigation maintenance and repair costs.

Expenditures – Field (continued)

Pest Control
The estimated costs for Turner ‘s Pest Control to provide monthly pest control services.
Vendor	Decription	Monthly	Annual

Turner Pest Control	Pest Contol
Environmental Permit/Monitoring

$	200  $

2,400

An Environmental Resource Permit (ERP) is required for development or construction activities to reduce increased flooding, protect the water quality of Florida's lakes and streams from stormwater pollution, and protect wetlands and other surface waters.

Other Repairs & Maintenance
Estimated costs for other repairs and maintenance incurred by the district.

Expenditures – Amenity

Insurance
The District's Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.
Amenity Manager (Vesta)
The District contracted with Vesta Property Services to provide management services for the Amenity Center.
Pool Maintenance (Vesta)
The District has contracted with Vesta to maintain the Amenity swimming pools.
Pool Chemicals (Vesta)
The District has contracted with Vesta for purchase and delivery of pool chemicals for the maintenance of the Amenity Center swimming pools.
Facility Attendant (Vesta)
The District has contracted with Vesta to provide community facility staff for the amenity center to greet patrons, providing facility tours, issuance of access cards and policy enforcement.
Janitorial Services (Vesta)
The District utilizes the services of Vesta Property Services to provide janitorial services.
Refuse
This item includes Waste Pro Management picking up trash from the receptacles at the Amenity Center.
Vendor	Decription	Monthly	Annual

Waste Pro	Refuse
Security and Gate Maintenance
Estimated maintenance costs of the security cameras and gate.
Facility Maintenance (Vesta)

$	180  $

2,160

The District utilizes the services of Vesta Property Services to provide maintenance and repairs necessary for upkeep of the Amenity Center and common grounds area.
Elevator Maintenance
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Center elevator.
Electric
JEA provides for electric services for the District. The cost of electric associated with the Recreation Facilities:

Account #	Location	Monthly	Annual	
22970659	10923 E-Town PY Apt IR01	$	30	$	360	
23679519	11145 Square ST Apt IR01	140	1,680	
24059037	11399 Square St Apt IR02	35	420	
22972246	10505 E-Town PY Apt IR01	35	420	
21277318	10571 E-Town PY	850	10,200	
23408499	11399 Square St Apt IR03	1,150	13,800	
	Contingency	15	180	
	Total	$	2,255	$	27,060	

Expenditures – Amenity (continued)

Cable and Internet
The District has contracted with Comcast for cable and internet in the Amenity Center.

Account #	Location	Monthly	Annual	
8495741213305280	10571 E-Town Pkwy (Fitness)	$	650	$	7,800	
8495741213305080	10571 E-Town Pkwy (Outdoor)	450	5,400	
	Total	$	1,100	$	13,200	
Licenses and Permits
Represents license fees for the amenity center and permit fees paid to the Florida Department of Health in St. Johns County for the swimming pools.
Repairs & Maintenance
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.
Special Events
Represents estimated costs for the District to host special events for the community through the Fiscal Year.
Holiday Decorations
Represents estimated costs for the District to decorate the Amenity center for the holidays.
Fitness Center R&M
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Fitness Center.
Fitness Equipment Rentals
The District has contracted with Macrolease to rent fitness equipment

Vendor

Decription

Monthly	Annual

Macrolease
Reserve for Amenities

Fitness Equipment Rental

$	2,114  $

25,368

Establishment of general reserve to fund future replacement.
Mobile Application
Alternative mobile communication of information related to Amenity Facilities for residents and patrons included but not limited to hours of operations, resident programs, special events, and other services for the District.
Other Current Charges
Represents miscellaneous costs incurred by the District.

Approved Budget
Debt Service Series 2019 Special Assessment Bonds

Description

Adopted Budget FY2024

Actuals Thru	Projected Next  Projected Thru

4/30/24

	5 Months	

9/30/24

Approved Budget FY 2025

REVENUES:

Special Assessments	$	727,221	$	720,354	$	3,627	$	723,981	$	723,124	
Interest Earnings	5,000	23,676	10,000	33,676	5,000	
Carry Forward Surplus (1)	300,578	312,036	-	312,036	327,798	
TOTAL REVENUES	$ 1,032,799	$ 1,056,066	$	13,627	$  1,069,693	$ 1,055,922	

EXPENDITURES:						
Interest - 11/1	$	251,114	$	251,114	$	-	$	251,114	$	246,562	
Principal Prepayment - 11/1	-	15,000	-	15,000	-	
Interest - 5/1	251,114	-	250,781	250,781	246,562	
Principal - 5/1	225,000	-	225,000	225,000	230,000	
TOTAL EXPENDITURES	$	727,229	$	266,114	$	475,781	$	741,895	$	723,124	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	727,229	$	266,114	$	475,781	$	741,895	$	723,124	
						
EXCESS REVENUES (EXPENDITURES)	$	305,570	$	789,952	$  (462,153)	$	327,798	$	332,799	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

 $	241,818 

AMORTIZATION SCHEDULE
Debt Service Series 2019 Special Assessment Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/24	$	10,050,000			$	246,562	$	246,562	
05/01/25	10,050,000	4.125%	230,000	246,562		
11/01/25	9,820,000			241,818	718,380	
05/01/26	9,820,000	4.125%	240,000	241,818		
11/01/26	9,580,000			236,868	718,686	
05/01/27	9,580,000	4.125%	250,000	236,868		
11/01/27	9,330,000			231,712	718,580	
05/01/28	9,330,000	4.125%	260,000	231,712		
11/01/28	9,070,000			226,349	718,061	
05/01/29	9,070,000	4.125%	275,000	226,349		
11/01/29	8,795,000			220,678	722,027	
05/01/30	8,795,000	4.900%	285,000	220,678		
11/01/30	8,510,000			213,695	719,373	
05/01/31	8,510,000	4.900%	300,000	213,695		
11/01/31	8,210,000			206,345	720,040	
05/01/32	8,210,000	4.900%	315,000	206,345		
11/01/32	7,895,000			198,628	719,973	
05/01/33	7,895,000	4.900%	330,000	198,628		
11/01/33	7,565,000			190,543	719,170	
05/01/34	7,565,000	4.900%	345,000	190,543		
11/01/34	7,220,000			182,090	717,633	
05/01/35	7,220,000	4.900%	365,000	182,090		
11/01/35	6,855,000			173,148	720,238	
05/01/36	6,855,000	4.900%	385,000	173,148		
11/01/36	6,470,000			163,715	721,863	
05/01/37	6,470,000	4.900%	400,000	163,715		
11/01/37	6,070,000			153,915	717,630	
05/01/38	6,070,000	4.900%	425,000	153,915		
11/01/38	5,645,000			143,503	722,418	
05/01/39	5,645,000	4.900%	445,000	143,503		
11/01/39	5,200,000			132,600	721,103	
05/01/40	5,200,000	5.100%	465,000	132,600		
11/01/40	4,735,000			120,743	718,343	
05/01/41	4,735,000	5.100%	490,000	120,743		
11/01/41	4,245,000			108,248	718,990	
05/01/42	4,245,000	5.100%	515,000	108,248		
11/01/42	3,730,000			95,115	718,363	
05/01/43	3,730,000	5.100%	545,000	95,115		
11/01/43	3,185,000			81,218	721,333	
05/01/44	3,185,000	5.100%	575,000	81,218		
11/01/44	2,610,000			66,555	722,773	
05/01/45	2,610,000	5.100%	605,000	66,555		
11/01/45	2,005,000			51,128	722,683	
05/01/46	2,005,000	5.100%	635,000	51,128		
11/01/46	1,370,000			34,935	721,063	
05/01/47	1,370,000	5.100%	665,000	34,935		
11/01/47	705,000			17,978	717,913	
05/01/48	705,000	5.100%	705,000	17,978	722,978	
Total	$  10,050,000	$	7,476,169	$	17,526,169	

Approved Budget
Debt Service Series 2020 Special Assessment Bonds

Description

Adopted Budget FY2024

Actuals Thru	Projected Next  Projected Thru

4/30/24

	5 Months	

9/30/24

Approved Budget FY 2025

REVENUES:

Special Assessments	$	494,600	$	492,751	$	1,849	$	494,600	$	494,600	
Interest Earnings	5,000	16,916	10,000	26,916	10,000	
Carry Forward Surplus (1)	339,141	343,594	-	343,594	373,687	
TOTAL REVENUES	$	838,742	$	853,261	$	11,849	$	865,110	$	878,287	

EXPENDITURES:						
Interest - 11/1	$	177,076	$	177,076	$	-	$	177,076	$	174,346	
Principal - 11/1	140,000	140,000	-	140,000	145,000	
Interest - 5/1	174,346	-	174,346	174,346	171,519	
TOTAL EXPENDITURES	$	491,423	$	317,076	$	174,346	$	491,423	$	490,865	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	491,423	$	317,076	$	174,346	$	491,423	$	490,865	
						
EXCESS REVENUES (EXPENDITURES)	$	347,319	$	536,184	$  (162,497)	$	373,687	$	387,422	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25 Principal Due 11/1/25

$	171,519
150,000

 $	321,519 

AMORTIZATION SCHEDULE
Debt Service Series 2020 Special Assessment Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

	11/01/24	7,010,000	3.900%	145,000	174,346	319,346.25	
	05/01/25	6,865,000			171,519		
	11/01/25	6,865,000	3.900%	150,000	171,519	493,037.50	
	05/01/26	6,715,000			168,594		
	11/01/26	6,715,000	4.350%	155,000	168,594	492,187.50	
	05/01/27	6,560,000			165,223		
	11/01/27	6,560,000	4.350%	160,000	165,223	490,445.00	
	05/01/28	6,400,000			161,743		
	11/01/28	6,400,000	4.350%	170,000	161,743	493,485.00	
	05/01/29	6,230,000			158,045		
	11/01/29	6,230,000	4.350%	175,000	158,045	491,090.00	
	05/01/30	6,055,000			154,239		
	11/01/30	6,055,000	4.350%	185,000	154,239	493,477.50	
	05/01/31	5,870,000			150,215		
	11/01/31	5,870,000	5.000%	190,000	150,215	490,430.00	
	05/01/32	5,680,000			145,465		
	11/01/32	5,680,000	5.000%	200,000	145,465	490,930.00	
	05/01/33	5,480,000			140,465		
	11/01/33	5,480,000	5.000%	210,000	140,465	490,930.00	
	05/01/34	5,270,000			135,215		
	11/01/34	5,270,000	5.000%	220,000	135,215	490,430.00	
	05/01/35	5,050,000			129,715		
	11/01/35	5,050,000	5.000%	235,000	129,715	494,430.00	
	05/01/36	4,815,000			123,840		
	11/01/36	4,815,000	5.000%	245,000	123,840	492,680.00	
	05/01/37	4,570,000			117,715		
	11/01/37	4,570,000	5.000%	255,000	117,715	490,430.00	
	05/01/38	4,315,000			111,340		
	11/01/38	4,315,000	5.000%	270,000	111,340	492,680.00	
	05/01/39	4,045,000			104,590		
	11/01/39	4,045,000	5.000%	285,000	104,590	494,180.00	
	05/01/40	3,760,000			97,465		
	11/01/40	3,760,000	5.000%	295,000	97,465	489,930.00	
	05/01/41	3,465,000			90,090		
	11/01/41	3,465,000	5.200%	310,000	90,090	490,180.00	
	05/01/42	3,155,000			82,030		
	11/01/42	3,155,000	5.200%	330,000	82,030	494,060.00	
	05/01/43	2,825,000			73,450		
	11/01/43	2,825,000	5.200%	345,000	73,450	491,900.00	
	05/01/44	2,480,000			64,480		
	11/01/44	2,480,000	5.200%	365,000	64,480	493,960.00	
	05/01/45	2,115,000			54,990		
	11/01/45	2,115,000	5.200%	380,000	54,990	489,980.00	
	05/01/46	1,735,000			45,110		
	11/01/46	1,735,000	5.200%	400,000	45,110	490,220.00	
	05/01/47	1,335,000			34,710		
	11/01/47	1,335,000	5.200%	420,000	34,710	489,420.00	
	05/01/48	915,000			23,790		
	11/01/48	915,000	5.200%	445,000	23,790	492,580.00	
	05/01/49	470,000			12,220		
	11/01/49	470,000	5.200%	470,000	12,220	494,440.00	
Total				$	7,010,000	$	5,606,859	$  12,616,859	

Approved Budget
Debt Service Series 2020A Special Assessment Bonds (Del Webb Project)

Description

Adopted Budget FY2024

Actuals Thru	Projected Next  Projected Thru

4/30/24

	5 Months	

9/30/24

Approved Budget FY 2025

REVENUES:

Special Assessments	$	422,539	$	419,755	$	2,114	$	421,869	$	416,315	
Special Assessments - Prepayments	-	10,914	-	10,914	-	
Interest Earnings	5,000	13,886	5,000	18,886	5,000	
Carry Forward Surplus (1)	165,825	171,174	-	171,174	174,404	
TOTAL REVENUES	$	593,364	$	615,729	$	7,114	$	622,842	$	595,720	

EXPENDITURES:						
Interest - 11/1	$	129,439	$	129,439	$	-	$	129,439	$	126,771	
Principal Prepayment - 11/1	-	15,000	-	15,000	-	
Interest - 5/1	129,439	-	128,999	128,999	126,771	
Principal Prepayment - 5/1	-	-	10,000	10,000	-	
Principal - 5/1	165,000	-	165,000	165,000	165,000	
TOTAL EXPENDITURES	$	423,879	$	144,439	$	303,999	$	448,438	$	418,543	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	423,879	$	144,439	$	303,999	$	448,438	$	418,543	
						
EXCESS REVENUES (EXPENDITURES)	$	169,485	$	471,289	$  (296,885)	$	174,404	$	177,177	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

 $	124,544 

AMORTIZATION SCHEDULE
Debt Service Series 2020A Special Assessment Bonds (Del Webb Project)

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/24	6,995,000					126,771	126,771.25	
05/01/25	6,995,000	2.700%		165,000		126,771		
11/01/25	6,830,000					124,544	416,315.00	
05/01/26	6,830,000	3.125%		175,000		124,544		
11/01/26	6,655,000					121,809	421,353.13	
05/01/27	6,655,000	3.125%		180,000		121,809		
11/01/27	6,475,000					118,997	420,806.25	
05/01/28	6,475,000	3.125%		185,000		118,997		
11/01/28	6,290,000					116,106	420,103.13	
05/01/29	6,290,000	3.125%		190,000		116,106		
11/01/29	6,100,000					113,138	419,243.75	
05/01/30	6,100,000	3.125%		195,000		113,138		
11/01/30	5,905,000					110,091	418,228.13	
05/01/31	5,905,000	3.625%		205,000		110,091		
11/01/31	5,700,000					106,375	421,465.63	
05/01/32	5,700,000	3.625%		210,000		106,375		
11/01/32	5,490,000					102,569	418,943.75	
05/01/33	5,490,000	3.625%		220,000		102,569		
11/01/33	5,270,000					98,581	421,150.00	
05/01/34	5,270,000	3.625%		225,000		98,581		
11/01/34	5,045,000					94,503	418,084.38	
05/01/35	5,045,000	3.625%		235,000		94,503		
11/01/35	4,810,000					90,244	419,746.88	
05/01/36	4,810,000	3.625%		245,000		90,244		
11/01/36	4,565,000					85,803	421,046.88	
05/01/37	4,565,000	3.625%		255,000		85,803		
11/01/37	4,310,000					81,181	421,984.38	
05/01/38	4,310,000	3.625%		260,000		81,181		
11/01/38	4,050,000					76,469	417,650.00	
05/01/39	4,050,000	3.625%		270,000		76,469		
11/01/39	3,780,000					71,575	418,043.75	
05/01/40	3,780,000	3.625%		280,000		71,575		
11/01/40	3,500,000					66,500	418,075.00	
05/01/41	3,500,000	3.800%		295,000		66,500		
11/01/41	3,205,000					60,895	422,395.00	
05/01/42	3,205,000	3.800%		305,000		60,895		
11/01/42	2,900,000					55,100	420,995.00	
05/01/43	2,900,000	3.800%		315,000		55,100		
11/01/43	2,585,000					49,115	419,215.00	
05/01/44	2,585,000	3.800%		330,000		49,115		
11/01/44	2,255,000					42,845	421,960.00	
05/01/45	2,255,000	3.800%		340,000		42,845		
11/01/45	1,915,000					36,385	419,230.00	
05/01/46	1,915,000	3.800%		355,000		36,385		
11/01/46	1,560,000					29,640	421,025.00	
05/01/47	1,560,000	3.800%		370,000		29,640		
11/01/47	1,190,000					22,610	422,250.00	
05/01/48	1,190,000	3.800%		380,000		22,610		
11/01/48	810,000					15,390	418,000.00	
05/01/49	810,000	3.800%		395,000		15,390		
11/01/49	415,000					7,885	418,275.00	
05/01/50	415,000	3.800%		415,000		7,885	422,885.00	
Total			$	6,995,000	$	4,050,241	$  11,045,241	

Approved Budget
Debt Service Series 2021 Special Assessment Bonds

Description

Adopted Budget FY2024

Actuals Thru	Projected Next  Projected Thru

4/30/24

	5 Months	

9/30/24

Approved Budget FY 2025

REVENUES:

Special Assessments	$	115,250	$	115,138	$	112	$	115,250	$	114,450	
Interest Earnings	100	1,710	800	2,510	2,000	
Carry Forward Surplus (1)	40,049	40,049	-	40,049	44,088	
TOTAL REVENUES	$	155,399	$	156,897	$	912	$	157,809	$	160,538	

EXPENDITURES:						
Interest - 11/1	$	34,361	$	34,361	$	-	$	34,361	$	33,843	
Interest - 5/1	34,361	-	34,361	34,361	33,843	
Principal - 5/1	45,000	-	45,000	45,000	45,000	
TOTAL EXPENDITURES	$	113,721	$	34,361	$	79,361	$	113,721	$	112,686	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	113,721	$	34,361	$	79,361	$	113,721	$	112,686	
						
EXCESS REVENUES (EXPENDITURES)	$	41,677	$	122,536	$	(78,448)	$	44,088	$	47,852	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

 $	33,326 

AMORTIZATION SCHEDULE
Debt Service Series 2021 Special Assessment Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/24	$	1,915,000			$	33,843	$	33,843.13	
05/01/25	1,915,000	2.300%	45,000	33,843		
11/01/25	1,870,000			33,326	112,168.75	
05/01/26	1,870,000	2.300%	45,000	33,326		
11/01/26	1,825,000			32,808	111,133.75	
05/01/27	1,825,000	2.875%	50,000	32,808		
11/01/27	1,775,000			32,089	114,897.50	
05/01/28	1,775,000	2.875%	50,000	32,089		
11/01/28	1,725,000			31,371	113,460.00	
05/01/29	1,725,000	2.875%	50,000	31,371		
11/01/29	1,675,000			30,652	112,022.50	
05/01/30	1,675,000	2.875%	50,000	30,652		
11/01/30	1,625,000			29,933	110,585.00	
05/01/31	1,625,000	2.875%	55,000	29,933		
11/01/31	1,570,000			29,143	114,075.63	
05/01/32	1,570,000	3.300%	55,000	29,143		
11/01/32	1,515,000			28,235	112,377.50	
05/01/33	1,515,000	3.300%	55,000	28,235		
11/01/33	1,460,000			27,328	110,562.50	
05/01/34	1,460,000	3.300%	60,000	27,328		
11/01/34	1,400,000			26,338	113,665.00	
05/01/35	1,400,000	3.300%	60,000	26,338		
11/01/35	1,340,000			25,348	111,685.00	
05/01/36	1,340,000	3.300%	65,000	25,348		
11/01/36	1,275,000			24,275	114,622.50	
05/01/37	1,275,000	3.300%	65,000	24,275		
11/01/37	1,210,000			23,203	112,477.50	
05/01/38	1,210,000	3.300%	70,000	23,203		
11/01/38	1,140,000			22,048	115,250.00	
05/01/39	1,140,000	3.300%	70,000	22,048		
11/01/39	1,070,000			20,893	112,940.00	
05/01/40	1,070,000	3.300%	70,000	20,893		
11/01/40	1,000,000			19,738	110,630.00	
05/01/41	1,000,000	3.300%	75,000	19,738		
11/01/41	925,000			18,500	113,237.50	
05/01/42	925,000	4.000%	75,000	18,500		
11/01/42	850,000			17,000	110,500.00	
05/01/43	850,000	4.000%	80,000	17,000		
11/01/43	770,000			15,400	112,400.00	
05/01/44	770,000	4.000%	85,000	15,400		
11/01/44	685,000			13,700	114,100.00	
05/01/45	685,000	4.000%	85,000	13,700		
11/01/45	600,000			12,000	110,700.00	
05/01/46	600,000	4.000%	90,000	12,000		
11/01/46	510,000			10,200	112,200.00	
05/01/47	510,000	4.000%	95,000	10,200		
11/01/47	415,000			8,300	113,500.00	
05/01/48	415,000	4.000%	100,000	8,300		
11/01/48	315,000			6,300	114,600.00	
05/01/49	315,000	4.000%	100,000	6,300		
11/01/49	215,000			4,300	110,600.00	
05/01/50	215,000	4.000%	105,000	4,300		
11/01/50	110,000			2,200	111,500.00	
05/01/51	110,000	4.000%	110,000	2,200	112,200.00	
Total	$	1,915,000	$	1,156,934	$	3,071,934	

Cypress Bluff
Community Development District
Non-Ad Valorem Assessments Comparison 2024-2025

Neighborhood	O&M Units	Bonds 2019 Units	Bonds 2020 Units	Bonds 2020A Units	Bonds 2021 Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
									Series	Series	Series	Series	Series	Series	Series	Series	Total	
									2019	2020	2020A	2021	2019	2020	2020A	2021		

Active Adult	
519	
345	
172	
0	
2	
$368.62	
$351.35	
$17.27	
$397.62	
$405.37	
$0.00	
$397.62	
$405.17	
$405.37	
$0.00	
$405.00	
-$14.92	
Residential	1479	776	555	0	148	$745.01	$540.54	$204.47	$830.64	$837.80	$0.00	$830.64	$837.60	$838.80	$0.00	$836.00	-$13.32	
40'	0	0	0	188	0	$0.00	$0.00	$0.00	$0.00	$0.00	$714.11	$0.00	$0.00	$0.00	$724.03	$0.00	-$9.92	
50'	0	0	0	201	0	$0.00	$0.00	$0.00	$0.00	$0.00	$893.45	$0.00	$0.00	$0.00	$904.86	$0.00	-$11.42	
60'	0	0	0	128	0	$0.00	$0.00	$0.00	$0.00	$0.00	$1,064.34	$0.00	$0.00	$0.00	$1,085.41	$0.00	-$21.07	
Total	1998	1121	727	517	150							

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