Keys Cove II Community Development District

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
ADMINISTRATIVE ASSESSMENTS	101,973	103,432	103,432	
MAINTENANCE ASSESSMENTS	627,447	626,872	626,872	
DEBT ASSESSMENTS	314,530	314,271	314,271	
OTHER REVENUES	0	0	0	
INTEREST INCOME	840	26,070	26,070	
TOTAL REVENUES	$	1,044,790	$	1,070,645	$	1,070,645	
				
ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	8,000	4,600	4,600	
PAYROLL TAXES	612	314	314	
MANAGEMENT	34,308	34,308	34,308	
SECRETARIAL & FIELD OPERATIONS	9,000	9,000	9,000	
LEGAL	9,500	12,500	11,507	
ASSESSMENT ROLL	10,000	10,000	10,000	
AUDIT FEES	3,600	3,600	3,600	
ARBITRAGE REBATE FEE	650	650	650	
INSURANCE	8,000	8,122	8,122	
LEGAL ADVERTISING	900	900	684	
MISCELLANEOUS	1,700	2,300	1,909	
POSTAGE	425	330	316	
OFFICE SUPPLIES	775	375	349	
DUES & SUBSCRIPTIONS	175	175	175	
TRUSTEE FEES	4,650	4,246	4,246	
CONTINUING DISCLOSURE FEE	500	500	500	
WEBSITE MANAGEMENT	2,000	2,000	2,000	
ADMINISTRATIVE CONTINGENCY	1,900	1,900	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	96,695	$	95,820	$	92,280	
				
MAINTENANCE EXPENDITURES				
ENGINEERING/INSPECTIONS	3,000	5,200	4,132	
ANNUAL LANDSCAPE & IRRIGATION MAINTENANCE SERVICES	210,000	375,000	348,204	
LANDSCAPING UPKEEP	45,000	5,000	0	
IRRIGATION MAINTENANCE & UPKEEP	28,000	40,000	37,153	
STREET/ROADWAY MAINTENANCE & UPKEEP	18,000	22,000	19,815	
SECURITY SERVICES/ENTRANCE	138,000	175,000	156,850	
PARKING ENFORCEMENT SERVICES	5,000	1,000	0	
GUARD HOUSE UTILITIES & GATE MAINTENANCE	30,000	27,500	23,880	
FP&L POWER - STREET LIGHTS/IRRIGATION PUMP STATIONS	30,000	41,000	36,787	
STREET LIGHT MAINTENANCE	18,000	1,000	0	
JANITORIAL SERVICES	25,000	41,000	38,716	
MISCELLANEOUS MAINTENANCE (STORM DRAIN & PRESSURE CLEANING, PLAYGROUND, ETC)	39,800	145,000	112,659	
HOLIDAY LIGHTING	0	20,340	20,340	
TOTAL MAINTENANCE EXPENDITURES	$	589,800	$	899,040	$	798,536	
				
TOTAL EXPENDITURES	$	686,495	$	994,860	$	890,816	
				
EXCESS/ (SHORTFALL)	$	358,295	$	75,785	$	179,829	
				
BOND PAYMENTS	(295,658)	(299,163)	(299,163)	
				
BALANCE	$	62,637	$	(223,378)	$	(119,334)	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(20,879)	(10,166)	(10,166)	
DISCOUNTS FOR EARLY PAYMENTS	(41,758)	(39,986)	(39,986)	
				
EXCESS/ (SHORTFALL)	$	-	$	(273,530)	$	(169,486)	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(273,530)	$	(169,486)	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$611,480	
($273,530)	
$337,950	

I

AMENDED FINAL BUDGET
KEYS COVE II COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Interest Income	25	3,675	3,675	
NAV Tax Collection	295,658	299,163	299,163	
Total Revenues	$	295,683	$	302,838	$	302,838	
				
EXPENDITURES				
Principal Payments	180,000	180,000	180,000	
Extraordinary Principal Payments	4,006	95,000	95,000	
Interest Payments	111,677	108,531	108,531	
Cost Of Bond Issuance	0	0	0	
Total Expenditures	$	295,683	$	383,531	$	383,531	
				
EXCESS/ (SHORTFALL)	$	-	$	(80,693)	$	(80,693)	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$161,464	
($80,693)	
$80,771	

Note*: Revenue Fund Balance = $78,442. Prepayment Fund Balance = $2,329.
Interest Account Balance To Be Used To Make 11/1/2023 Interest Payment Of $54,250.
* Approximate Amounts

Series 2022 Bond Refunding Information
Original Par Amount =	$3,264,000	Annual Principal Payments Due =	
Interest Rate =	3.63%	May 1st	
Issue Date =	May 2022	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/23 =	May 2036

$2,989,000	May 1st & November 1st