WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT

COLLIER COUNTY REGULAR BOARD MEETING MAY 15, 2025
1:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.windingcypresscdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT
Clubhouse at Winding Cypress 7180 Winding Cypress Drive Naples, Florida 34114 REGULAR BOARD MEETING May 15, 2025
1:00 p.m.

Call to Order
Pledge of Allegiance
Proof of Publication.	Page 1
Establish a Quorum
Additions or Deletions to Agenda
Approval of Minutes
April 3, 2025 Regular Board Meeting Minutes…	Page 2
Old Business
Discussion Regarding Lake Bank Remediation 2025
New Business
Discussion Regarding Lake Bank Remediation 2026
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 5
Administrative Matters
Manager’s Report
Financials…	Page 14
Attorney’s Report
Comments from the Public
Board Member Comments
Adjourn

Publication Date 2025-05-05

Subcategory Miscellaneous Notices

NOTICE OF BOARD MEETING OF THE WINDING CYPRESS
COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors of the Winding Cypress Community Development District (the District) will hold a Board Meeting on May 15, 2025, at 1:00 p.m. at the Clubhouse at Winding Cypress located at 7180 Winding Cypress Drive, Naples, Florida 34114.
The Board Meeting is open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. The Board Meeting may be continued in progress without additional notice to a time, date, and location stated on the record. A copy of the agenda for the Board Meeting may be obtained from the Districts website or from the District Manager, Special District Services, located at 2501A Burns Road, Palm Beach Gardens, Florida 33410. There may be occasions when one or more Supervisors will participate by telephone.
Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this Board Meeting is asked to advise the District Office at least forty-eight (48) hours before the meeting by contacting the District Manager at (561) 630-4922 and/or toll free at 1-877-737-4922. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770, who can aid you in contacting the District Office.
A person who decides to appeal any decision made at this Board Meeting with respect to any matter considered at the Board Meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.
Meetings may be cancelled from time to time without advertised notice. WINDING CYPRESS
COMMUNITY DEVELOPMENT DISTRICT
www.windingcypresscdd.org No.11268054 May 5, 2025

Page 1

WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT
REGULAR BOARD MEETING APRIL 3, 2025

CALL TO ORDER

The April 3, 2025, Regular Board Meeting of the Winding Cypress Community Development District (the “District”) was called to order at 1:00 p.m. at the Clubhouse at Winding Cypress located at 7180 Winding Cypress Drive, Naples, Florida 34114.

PLEDGE OF ALLEGIANCE

PROOF OF PUBLICATION

Proof of publication was presented that Notice of the Regular Board Meeting had been published in the
Naples Daily News on March 25, 2025, as legally required.

ESTABLISH A QUORUM
It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting:

Chairperson	Barbara Powell	Present via phone	
Vice Chairman	Alex Petrovsky	Present	
Supervisor	Gerard O’Donohue	Present via phone	
Supervisor	Patrick Cirello	Present	
Supervisor	Susan Broucek	Present	

Also present were the following Staff members:

District Manager	Michelle Krizen	Special District Services, Inc.	
District Counsel	Alyssa Willson (via phone)	Kutak Rock	
District Engineer	Ted Tryka	LJA Engineering	

Also present was Jayne Shedd.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

APPROVAL OF MINUTES
March 6, 2025, Regular Board Meeting

A motion was made by Supervisor Ciriello, seconded by Supervisor Petrovsky and passed unanimously approving the minutes of the March 6, 2025, Regular Board Meeting, as presented.

OLD BUSINESS
Update on Lake Bank Remediation

Mr. Tryka gave an update on the progress by stating that all of the pipes had been installed and elevations checked. This was completed this week and the restoration phase has started including fill, compacting, grading and sod. A discussion ensued regarding the availability of connection to the new pipes by the homeowners. If a connection is made by a different contractor the District’s one-year warranty could be impacted and it is unknown if the current contractor is interested in installing residential connections. Mr. Tryka will reach out to the contractor and that information regarding residential connections will be sent to the Board. If the contractor is willing, the Board will need to formalize the request project in conjunction with the ARC. This will be readdressed at future meetings.

NEW BUSINESS
Discussion Regarding Passarella and Associates’ Proposal

Ms. Krizen presented the proposal for consideration. This was requested after the last discussion regarding inspections in the preserve. There is a permit requirement to treat the preserve but no compliance monitoring requirement. Collier Environmental provided a detailed treatment summary. The board currently has no concerns.

There was a brief recess at 1:48 p.m. due to a pause in the quorum and the Regular Board Meeting was reconvened at 1:50 p.m. when the quorum was reestablished.
Supervisor Petrovsky made a motion to move forward with this proposal. The motion failed due to the lack of a second.
ADMINISTRATIVE MATTERS
Manager’s Report
Financials

Ms. Krizen reviewed the financials. There were no questions from the Board Members.

There was a consensus of the Board to change the May 1st meeting to May 15th and cancel the Workshops. This will allow staff to review the current projects, make projections, and present the proposed budget at that meeting.

Based on some of the questions and comments from the residents, the letters sent to the residents notifying them of the work will be updated for future projects.

Attorneys’ Report

There are currently three connections to the lake that were made after the lake bank inspection was completed by the District. This was done without the consent of the District or the ARC. Since the District believes that there could be damage to the lakes, the District should take some action. The District could send a letter to all residents who are lake front reminding them that nothing can be placed in the easement. Additionally, the District could send a letter to any resident as soon as the District has confirmed an intrusion into the easement, reserving the right to seek reimbursement if there is additional damage. The Board could choose to send one or both letters.

A motion was made by Chairperson Powell, seconded by Supervisor Broucek and passed unanimously authorizing District staff to coordinate with the Chair to send both letters to the residents.

COMMENTS FROM THE PUBLIC

Ms. Shedd mentioned that three ARC applications had been received and sent to the District. Mr. Tryka responded that the language had been finalized by District Counsel and she would receive the response shortly.

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to address, the Regular Board Meeting was adjourned at 2:10 p.m. by Supervisor Ciriello, seconded by Supervisor Petrovsky and passed unanimously.

Chairperson/Vice Chairman		Secretary/Assistant Secretary Date Approved		

RESOLUTION 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2025/2026 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Winding Cypress Community Development District (“District”) prior to June 15, 2025, proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2025/2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	August 7, 2025

HOUR:	1:00 p.m.

LOCATION:		Clubhouse at Winding Cypress 7180 Winding Cypress Drive Naples, FL 34114

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT.
The District Manager is hereby directed to submit a copy of the Proposed Budget to Collier County at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 15th DAY OF May, 2025.

ATTEST:	WINDING CYPRESS COMMUNITY
DEVELOPMENT DISTRICT

By:	
Secretary	Its:	

Winding Cypress 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 (SERIES 2015)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)

ASSESSMENT COMPARISON

PROPOSED BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M (Operation & Maintenance) Assessments	608,951	
Debt Assessments - Series 2015	526,216	
Debt Assessments - Series 2019	310,259	
Interest Income - Operating	4,000	
Interest Income - Preserve	12,000	
TOTAL REVENUES	$	1,461,426	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	10,000	
Payroll Taxes - Employer	800	
Management	52,980	
Legal	25,500	
Assessment Roll	5,000	
Audit Fees	4,000	
Arbitrage Rebate Fee	650	
Insurance	8,200	
Legal Advertisements	5,000	
Miscellaneous	1,260	
Postage	600	
Office Supplies	850	
Dues & Subscriptions	175	
Trustee Fee	8,300	
Continuing Disclosure Fee	1,000	
Total Administrative Expenditures	$	124,315	
		
Maintenance Expenditures		
Engineering/Inspections	25,000	
Preserve Maintenance	79,700	
Lake Bank Maintenance	70,000	
Lake Remediation	315,265	
Total Maintenance Expenditures	$	489,965	
		
Total O&M Expenditures	$	614,280	
		
REVENUES LESS EXPENDITURES	$	847,146	
		
Bond Payments - Series 2015	(486,750)	
Bond Payments - Series 2019	(286,990)	
		
BALANCE	73,406	
		
County Appraiser & Tax Collector Fee	(49,867)	
Discounts For Early Payments	(58,539)	
		
EXCESS/ (SHORTFALL)	$	(35,000)	
		
Carryover Funds From Prior Year (Preserve Interest)	35,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
WINDING CYPRESS 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	
O&M (Operation & Maintenance) Assessments	610,848	608,951	608,951	Expenditures Less Interest & Carryover/.925	
Debt Assessments - Series 2015	526,548	526,216	526,216	Bond Payments/.925	
Debt Assessments - Series 2019	311,688	310,259	310,259	Bond Payments/.925	
Interest Income - Operating	23,963	2,000	4,000	Operating Account Interest Income	
Interest Income - Preserve	36,646	10,000	12,000	Preserve Account Interest Income	
TOTAL REVENUES	1,509,693	$	1,457,426	$	1,461,426		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	2,600	12,000	10,000	Supervisor Fees	
Payroll Taxes - Employer	199	960	800	Projected At 8% Of Supervisor Fees	
Management	50,000	51,492	52,980	CPI Adjustment	
Legal	32,987	25,500	25,500	No Change From 2024/2025 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	4,200	4,300	4,000	Approved Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,594	7,255	8,200	Insurance Estimate	
Legal Advertisements	4,500	5,500	5,000	$500 Decrease From 2024/2025 Budget	
Miscellaneous	2,197	733	1,260	$527 Increase From 2024/2025 Budget	
Postage	676	600	600	No Change From 2024/2025 Budget	
Office Supplies	666	850	850	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	8,277	8,300	8,300	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2024/2025 Budget	
Total Administrative Expenditures	119,721	$	124,315	$	124,315		
					
Maintenance Expenditures					
Engineering/Inspections	6,852	25,000	25,000	No Change From 2024/2025 Budget	
Preserve Maintenance	75,100	79,700	79,700	No Change From 2024/2025 Budget	
Lake Bank Maintenance	0	75,000	70,000	$5,000 Decrease From 2024/2025 Budget	
Lake Remediation	76,782	315,265	315,265	Lake Remediation (Formerly Legal & Engineering - Extraordinary)	
Total Maintenance Expenditures	$	158,734	$	494,965	$	489,965		
					
Total O&M Expenditures	$	278,455	$	619,280	$	614,280		
					
REVENUES LESS EXPENDITURES	1,231,238	$	838,146	$	847,146		
					
Bond Payments - Series 2015	(496,527)	(486,750)	(486,750)	2026 Principal & Interest Payments	
Bond Payments - Series 2019	(293,915)	(286,990)	(286,990)	2026 Principal & Interest Payments	
					
BALANCE	440,796	64,406	73,406		
					
County Appraiser & Tax Collector Fee	(21,846)	(49,867)	(49,867)	Three And One +alf Percent Of Total Assessment Roll	
Discounts For Early Payments	(54,664)	(58,539)	(58,539)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	364,286	$	(44,000)	$	(35,000)		
					
Carryover Funds From Prior Year (Preserve Interest)	0	44,000	35,000	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	364,286	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2015) BUDGET
WINDING CYPRESS 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	
35,740	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
496,527	
486,750	
486,750	
Maximum Debt Service Collection	

Total Revenues	
$	532,267	
$	487,250	
$	487,950		

EXPENDITURES					

Principal Payments	
160,000	
175,000	
185,000	
Principal Payment Due In 2026	

Interest Payments	
320,125	
309,410	
301,750	
Interest Payment Due In 2026	

Bond Redemption	
0	
2,840	
1,200	
Estimated Excess Debt Collections	

Total Expenditures	
$	480,125	
$	487,250	
$	487,950		

Excess/ (Shortfall)	
$	52,142	
$	-	
$	-		

Series 2015 Bond Information

Original Par Amount =	$7,535,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	4.00% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	December 2015			
Maturity Date =

Par Amount As Of 1/1/25 =	November 2045

$6,210,000			

DETAILED PROPOSED DEBT SERVICE (SERIES 2019) FUND BUDGET
WINDING CYPRESS 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	
20,576	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
293,915	
286,990	
286,990	
Maximum Debt Service Collection	

Prepaid Bond Collection	
18,660	
0	
0		

Total Revenues	
$	333,151	
$	287,390	
$	287,990		

EXPENDITURES					

Principal Payments	
85,000	
90,000	
95,000	
Principal Payment Due In 2026	

Interest Payments	
202,938	
197,156	
191,888	
Interest Payment Due In 2026	

Bond Redemption	
0	
234	
1,102	
Estimated Excess Debt Collections	

Total Expenditures	
$	287,938	
$	287,390	
$	287,990		

Excess/ (Shortfall)	
$	45,213	
$	-	
$	-		

Series 2019 Bond Information

Original Par Amount =	$4,470,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	3.75% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	February 2019			
Maturity Date =

Par Amount As Of 1/1/25 =	November 2049

$4,050,000			

Page 13

WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2022/2023	2023/2024	2024/2025	2025/2026
	Assessment*			Assessment*	 	Assessment*	 	Projected Assessment*	

O & M For Phases 1 & 2 SF Villas	$	232.06		$	794.99		$	794.98		$	794.98	
Debt For Phases 1 & 2 SF Villas	$	849.00		$	849.00		$	849.00		$	849.00	
Total For Phases 1 & 2 SF Villas	$	1,081.06		$	1,643.99		$	1,643.98		$	1,643.98	
O & M For Phases 1 & 2 SF 50' Units	$	232.06		$	794.99		$	794.98		$	794.98	
Debt For Phases 1 & 2 SF 50' Units	$	954.00		$	954.00		$	954.00		$	954.00	
Total For Phases 1 & 2 SF 50' Units	$	1,186.06		$	1,748.99		$	1,748.98		$	1,748.98	
O & M For Phases 1 & 2 SF 65' Units	$	232.06		$	794.99		$	794.98		$	794.98	
Debt For Phases 1 & 2 SF 65' Units	$	1,060.00		$	1,060.00		$	1,060.00		$	1,060.00	
Total For Phases 1 & 2 SF 65' Units	$	1,292.06		$	1,854.99		$	1,854.98		$	1,854.98	
O & M For Phase 3 SF 50' Units	$	232.06		$	794.99		$	794.98		$	794.98	
Debt For Phase 3 SF 50' Units	$	1,429.00		$	1,429.00		$	1,429.00		$	1,429.00	
Total For Phase 3 SF 50' Units	$	1,661.06		$	2,223.99		$	2,223.98		$	2,223.98	
O & M For Phase 3 SF 65' Units	$	232.06		$	794.99		$	794.98		$	794.98	
Debt For Phase 3 SF 65' Units	$	1,544.00		$	1,544.00		$	1,544.00		$	1,544.00	
Total For Phase 3 SF 65' Units	$	1,776.06		$	2,338.99		$	2,338.98		$	2,338.98	

* Assessments Include the Following :	Notes:
4% Discount for Early Payments	Developer made Phase 3 Bond Prepayment
2% County Tax Collector Fee	in -anuary 2020 for 1 lot differential
1.5% County Property Appraiser Fee	(1 65' Lot Replaced with 1 50' Lot)

Community Information:	Phases 1 & 2:		Phase 3:		Phase 3 50' Lot Information:	
Phases 1 & 2:  554 Units	Villas:	152 Units	Villas:	0 Units	Total Units: 136	
Phase 3:	212 Units	50' Lots:	270 Units	50' Lots:	136 Units	Prepayments: 1	
Total:	766 Units	65' Lots:	132 Units
Total:	554 Units	65' Lots:	76 Units
Total:	212 Units	Billed for 50' Lot Debt: 135	

V

Winding Cypress Community Development District

Financial Report For April 2025

WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
APRIL 2025

REVENUES	Annual Budget
10/1/24 - 9/30/25	
Actual Apr-25	Year To Date Actual
10/1/24 - 4/30/25	
O & M (Operation & Maintenance) Assessments	608,951	10,355	602,831	
Debt Assessments (2015)	526,216	8,844	520,212	
Debt Assessments (2019)	310,259	5,211	306,528	
Other Revenue	0	0	0	
Interest Income - Operating	12,000	0	13,837	
Interest Income - Preserve Areas	0	0	15,411	
TOTAL REVENUES	$	1,457,426	$	24,410	$	1,458,819	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	12,000	200	1,400	
Payroll Taxes - Employer	960	15	107	
Management	51,492	4,291	30,037	
Legal	25,500	0	14,482	
Legal & Engineering - Extraordinary	0	0	0	
Assessment Roll	5,000	0	0	
Audit Fees	4,300	0	0	
Arbitrage Rebate Fee	650	0	650	
Insurance	7,255	0	6,858	
Legal Advertisements	5,500	0	1,972	
Miscellaneous	733	87	1,341	
Postage	600	23	365	
Office Supplies	850	59	415	
Dues & Subscriptions	175	0	175	
Trustee Fee	8,300	0	8,278	
Continuing Disclosure Fee	1,000	0	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	124,315	$	4,675	$	66,080	
				
Maintenance Expenditures				
Engineering/Inspections	25,000	0	18,534	
Preserve Maintenance	79,700	0	75,100	
Lake Bank Maintenance	75,000	0	0	
Lake Remediation	315,265	0	20,371	
Pipe Maintenance	0	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	494,965	$	-	$	114,005	
				
TOTAL EXPENDITURES	$	619,280	$	4,675	$	180,085	
				
REVENUES LESS EXPENDITURES	$	838,146	$	19,735	$	1,278,734	
				
Bond Payments (2015)	(486,750)	(8,668)	(490,365)	
Bond Payments (2019)	(286,990)	(5,107)	(288,941)	
				
BALANCE	$	64,406	$	5,960	$	499,428	
				
County Appraiser & Tax Collector Fees	(49,867)	(486)	(27,478)	
Discounts For Early Payments	(58,539)	0	(54,476)	
				
EXCESS/ (SHORTFALL)	$	(44,000)	$	5,474	$	417,474	
				
CARRYOVER FROM PRIOR YEAR	44,000	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	5,474	$	417,474	
				
Operating Account Bank Balance As Of 4/30/25	$	925,382.81		
Accounts Payable As Of 4/30/25	$	110,168.66		
Accounts Receivable As Of 4/30/25	$	-		
Lake Remediation Reserve As Of 4/30/25	$	345,000.00		
Available Funds As Of 4/30/25	$	470,214.15		

825,501.14

$

Preserve Areas Bank Account As Of 4/30/25

Preserve Areas Funds Totaling $748,196 Are Designated For A Long Term Management Fund For The Preserve Areas These Funds Cannot Be Used For District Operations.

Winding Cypress Community Development District
Budget vs. Actual
October 2024 - April 2025

	Oct 24 - April 25	24/25 Budget	$ Over Budget	% of Budget	
Ordinary Income/Expense								
Income						
01-3300	O&M Assessments	602,831.03	608,951.00	-6,119.97	99.0%	
01-3810	Debt Assessments (2015)	520,211.80	526,216.00	-6,004.20	98.86%	
01-3811	Debt Assessments (2019)	306,527.95	310,259.00	-3,731.05	98.8%	
01-3820	Debt Assess-Pd To Trustee-2015	-490,364.50	-486,750.00	-3,614.50	100.74%	
01-3821	Debt Assess-Pd To Trustee-2019	-288,941.00	-286,990.00	-1,951.00	100.68%	
01-3830	Assessment Fees	-27,477.83	-49,867.00	22,389.17	55.1%	
01-3831	Assessment Discounts	-54,476.58	-58,539.00	4,062.42	93.06%	
01-9401	Carryover Funds from Prev. Year	0.00	44,000.00	-44,000.00	0.0%	
01-9410	Interest Income (GF)	13,836.63	12,000.00	1,836.63	115.31%	
01-9411	Interest Income (Preserve Acct)	15,411.00	0.00	15,411.00	100.0%	
Total Income	597,558.50		619,280.00		-21,721.50		96.49%	
Expense						
01-1310	Engineering	18,534.00	25,000.00	-6,466.00	74.14%	
01-1311	Management Fees	30,037.00	51,492.00	-21,455.00	58.33%	
01-1315	Legal Fees	14,481.57	25,500.00	-11,018.43	56.79%	
01-1316	Lake Remediation	20,371.00	315,265.00	-294,894.00	6.46%	
01-1318	Assessment/Tax Roll	0.00	5,000.00	-5,000.00	0.0%	
01-1320	Audit Fees	0.00	4,300.00	-4,300.00	0.0%	
01-1321	Supervisor Fees	1,400.00	12,000.00	-10,600.00	11.67%	
01-1323	Payroll tax expense	107.10	960.00	-852.90	11.16%	
01-1330	Arbitrage Rebate Fee	650.00	650.00	0.00	100.0%	
01-1450	Insurance	6,858.00	7,255.00	-397.00	94.53%	
01-1480	Legal Advertisements	1,972.08	5,500.00	-3,527.92	35.86%	
01-1512	Miscellaneous	1,341.09	733.00	608.09	182.96%	
01-1513	Postage and Delivery	364.89	600.00	-235.11	60.82%	
01-1514	Office Supplies	415.10	850.00	-434.90	48.84%	
01-1540	Dues, License & Subscriptions	175.00	175.00	0.00	100.0%	
01-1550	Trustee Fees	8,277.50	8,300.00	-22.50	99.73%	
01-1743	Continuing Disclosure Fee	0.00	1,000.00	-1,000.00	0.0%	
01-1807	Lake Maintenance	0.00	75,000.00	-75,000.00	0.0%	
01-1813	Preserve Maintenance	75,100.00	79,700.00	-4,600.00	94.23%	
Total Expense	180,084.33		619,280.00		-439,195.67		29.08%	
Net Ordinary Income	417,474.17		0.00		417,474.17		100.0%	
Net Income		417,474.17	0.00	417,474.17	100.0%	

Page 17

Winding Cypress Community Development District
Expenditures
October 2024 through April 2025

	Date		Invoice #		Vendor		Memo		Amount	
Expenditures
01-1310 • Engineering										
	02/28/2025		202507385		L-A Engineering		Engineering thru 02/28/2025		5,092.00	
	03/28/2025		202511484		L-A Engineering		Engineering thru 03/28/2025		13,442.00	
Total 01-1310 • Engineering									18,534.00	
01-1311 • Management Fees										
	10/31/2024		2024-1461		Special District Services		Management fee - October 2024		4,291.00	
	11/30/2024		2024-1594		Special District Services		Management fee - November 2024		4,291.00	
	12/31/2024		2024-1824		Special District Services		Management fee - December 2024		4,291.00	
	01/31/2025		2025-0065		Special District Services		Management fee - -anuary 2025		4,291.00	
	02/28/2025		2025-0178		Special District Services		Management fee - February 2025		4,291.00	
	03/31/2025		2025-0306		Special District Services		Management fee - March 2025		4,291.00	
	04/30/2025		2025-0438		Special District Services		Management fee - April 2025		4,291.00	
Total 01-1311 • Management Fees									30,037.00	
01-1315 • Legal Fees										
	10/31/2024		3485111		.utak Rock LLP		legal services thru 10/31/2024		5,136.77	
	11/30/2024		3501756		.utak Rock LLP		legal services thru 11/30/2024		1,604.35	
	12/31/2024		3514275		.utak Rock LLP		legal services thru 12/31/2024		1,940.50	
	01/31/2025		3527781		.utak Rock LLP		legal services thru 01/31/2025		3,265.00	
	02/28/2025		3540875		.utak Rock LLP		legal services thru 02/28/2025		2,534.95	
Total 01-1315 • Legal Fees									14,481.57	
01-1316 • Lake Remediation										
	11/01/2024		202441302		L-A Engineering		Engineering thru 11/01/2024		11,452.00	
	11/29/2024		202444005		L-A Engineering		Engineering thru 11/29/2024		5,198.00	
	12/31/2024		202448840		L-A Engineering		Engineering thru 12/31/2024		1,464.00	
	01/31/2025		202503019		L-A Engineering		Engineering thru 01/31/2025		2,257.00	
Total 01-1316 • Lake Remediation									20,371.00	
01-1321 • Supervisor Fees										
	10/07/2024		PR 10/04/24				Meeting date 10/04/24 check date 10/08/24 (Petrovsky)		200.00	
	11/11/2024		PR 11/07/24				Meeting date 11/07/24 check date 11/13/24 (Petrovsky)		200.00	
	12/09/2024		PR 12/5/24				Meeting date 12/05/24 check date 12/11/24 (Petrovsky)		200.00	
	01/21/2025		PR 01/16/25				Meeting date 01/16/25check date 01/22/25 (Petrovsky)		200.00	
	02/07/2025		PR 02/06/25				Meeting date 02/06/25check date 02/11/25 (Petrovsky)		200.00	
	03/10/2025		PR 03/06/25				Meeting date 03/06/25check date 03/14/25 (Petrovsky)		200.00	
	04/04/2025		PR 04/03/25				Meeting date 04/03/25 check date 04/08/25 (Petrovsky)		200.00	
Total 01-1321 • Supervisor Fees									1,400.00	

Page 18

Winding Cypress Community Development District
Expenditures
October 2024 through April 2025

Date	Invoice #	Vendor	Memo	Amount

01-1322 • Payroll processing fee		
	10/07/2024	PR 10/04/24		Meeting date 10/04/24 check date 10/08/24 (Petrovsky)	50.75	
	11/11/2024	PR 11/07/24		Meeting date 11/07/24 check date 11/13/24 (Petrovsky)	50.75	
	12/09/2024	PR 12/5/24		Meeting date 12/05/24 check date 12/11/24 (Petrovsky)	50.75	
	12/31/2024		Paymaster	Paymaster fee	107.95	
	01/21/2025	PR 01/16/25		Meeting date 01/16/25check date 01/22/25 (Petrovsky)	50.75	
	01/30/2025		Paymaster	:2 processing fee	62.95	
	02/07/2025	PR 02/06/25		Meeting date 02/06/25check date 02/11/25 (Petrovsky)	50.78	
	03/10/2025	PR 03/06/25		Meeting date 03/06/25check date 03/14/25 (Petrovsky)	50.78	
	04/04/2025	PR 04/03/25		Meeting date 04/03/25 check date 04/08/25 (Petrovsky)	50.78	
Total 01-1322 • Payroll processing fee					526.24	
01-1323 • Payroll tax expense						
	10/07/2024	PR 10/04/24		Meeting date 10/04/24 check date 10/08/24 (Petrovsky)	15.30	
	11/11/2024	PR 11/07/24		Meeting date 11/07/24 check date 11/13/24 (Petrovsky)	15.30	
	12/09/2024	PR 12/5/24		Meeting date 12/05/24 check date 12/11/24 (Petrovsky)	15.30	
	01/21/2025	PR 01/16/25		Meeting date 01/16/25check date 01/22/25 (Petrovsky)	15.30	
	02/07/2025	PR 02/06/25		Meeting date 02/06/25check date 02/11/25 (Petrovsky)	15.30	
	03/10/2025	PR 03/06/25		Meeting date 03/06/25check date 03/14/25 (Petrovsky)	15.30	
	04/04/2025	PR 04/03/25		Meeting date 04/03/25 check date 04/08/25 (Petrovsky)	15.30	
Total 01-1323 • Payroll tax expense					107.10	
01-1330 • Arbitrage Rebate Fee	
01/16/2025	
003600	
LLS Tax Solutions Inc	
Arbitrage Rebate calc report fee Series 2015	
650.00	
Total 01-1330 • Arbitrage Rebate Fee					650.00	
01-1450 • Insurance	
10/01/2024	
24814	
Egis Insurance Advisors LLC	
policy 1001234281 10/1/24-10/1/25	
6,858.00	
Total 01-1450 • Insurance					6,858.00	
01-1480 • Legal Advertisements						
	10/30/2024	0006746841	*annett Florida Locali4	FY 24/25 :orkshop Schedule	245.04	
	10/30/2024	0006746841	*annett Florida Locali4	Notice of Reg Board Mtg	248.96	
	11/30/2024	0006818680	*annett Florida Locali4	Notice of Reg Board Mtg	241.12	
	01/31/2025	0006933330	*annett Florida Locali4	Notice of :orkshop	241.12	
	01/31/2025	0006933330	*annett Florida Locali4	Notice of Reg Board Mtg	248.96	
	02/28/2025	0006984900	*annett Florida Locali4	Notice of :orkshop	241.12	
	02/28/2025	0006984900	*annett Florida Locali4	Notice of Reg Board Mtg	248.96	
	03/31/2025	0007039178	*annett Florida Locali4	Notice of Reg Board Mtg	256.80	
Total 01-1480 • Legal Advertisements					1,972.08	

Page 19

Winding Cypress Community Development District
Expenditures
October 2024 through April 2025

	Date		Invoice #		Vendor		Memo		Amount	
01-1512 • Miscellaneous										
	11/30/2024		2024-1594		Special District Services		travel		111.22	
	12/31/2024		2024-1824		Special District Services		travel		111.22	
	12/31/2024		2024-1824		Special District Services		conference calls		37.58	
	01/31/2025		2025-0065		Special District Services		travel		111.22	
	01/31/2025		402		Clark D Bennett		revise amorti]ation schedule		150.00	
	02/28/2025		2025-0178		Special District Services		travel		116.20	
	02/28/2025		2025-0178		Special District Services		Mailouts		15.00	
	03/31/2025		2025-0306		Special District Services		travel		116.20	
	03/31/2025		2025-0306		Special District Services		conference calls		9.39	
	04/30/2025		2025-0438		Special District Services		travel		35.00	
	04/30/2025		2025-0438		Special District Services		conference calls		1.82	
Total 01-1512 • Miscellaneous									814.85	
01-1513 • Postage and Delivery										
	10/31/2024		2024-1461		Special District Services		FedEx		48.64	
	11/30/2024		2024-1594		Special District Services		FedEx		53.06	
	12/09/2024		12/9/24		Collier County Tax Collector,		pro rata share of postage for tax billing		113.92	
	12/31/2024		2024-1824		Special District Services		FedEx		45.36	
	02/28/2025		2025-0178		Special District Services		FedEx		25.31	
	02/28/2025		2025-0178		Special District Services		Postage		22.62	
	03/31/2025		2025-0306		Special District Services		FedEx		33.04	
	04/30/2025		2025-0438		Special District Services		FedEx		22.94	
Total 01-1513 • Postage and Delivery									364.89	
01-1514 • Office Supplies										
	10/31/2024		2024-1461		Special District Services		copier charges		46.20	
	11/30/2024		2024-1594		Special District Services		copier charges		3.90	
	11/30/2024		2024-1594		Special District Services		meeting books		32.00	
	12/31/2024		2024-1824		Special District Services		copier charges		117.00	
	12/31/2024		2024-1824		Special District Services		meeting books		32.00	
	01/31/2025		2025-0065		Special District Services		copier charges		7.05	
	02/28/2025		2025-0178		Special District Services		copier charges		65.25	
	03/31/2025		2025-0306		Special District Services		copier charges		28.35	
	03/31/2025		2025-0306		Special District Services		meeting books		24.00	
	04/30/2025		2025-0438		Special District Services		copier charges		31.35	
	04/30/2025		2025-0438		Special District Services		meeting books		28.00	
Total 01-1514 • Office Supplies									415.10	

Page 20

Winding Cypress Community Development District
Expenditures
October 2024 through April 2025

Date	Invoice #	Vendor	Memo	Amount

01-1540 • Dues, License & Subscriptions	
10/01/2024	
91211	
Florida Commerce	
special district fee FY 24/25	
175.00	
Total 01-1540 • Dues, License & Subscriptions					175.00	
01-1550 • Trustee Fees						
	12/24/2024	7588528	8S Bank (trustee fees)	Series 2015 12/01/2024 - 11/30/2025	4,246.25	
	02/25/2025	7658398	8S Bank (trustee fees)	Series 2019 02/01/2025 - 01/31/2026	4,031.25	
Total 01-1550 • Trustee Fees					8,277.50	
01-1813 • Preserve Maintenance	
12/31/2024	
CESI-021489	
Collier Environmental Services	

Annual Maintenance treatment to Zetland preserves	
75,100.00	
Total 01-1813 • Preserve Maintenance					75,100.00	
Total Expenditures					180,084.33	

WINDING CYPRESS CDD TAX COLLECTIONS
2024 - 2025

#	

ID#	

Payment From	

DATE	

FOR	

Tax Collect Receipts Gross	

Interest Received	

Commission Paid	

Discount	

Net From Tax Collector	
O & M Assessment Income (Before Discounts & Fees)	
Series 2015 Debt Assessment Income
(Before Discounts &
Fees)	Series 2019 Debt Assessment Income (Before Discounts & Fees)	
O & M Assessment Income (After Discounts & Fees)	Series 2015 Debt Assessment Income (After Discounts & Fees)	Series 2019 Debt Assessment Income (After Discounts & Fees)	

Series 2015 Debt Assessment Paid to Trustee	

Series 2019 Debt Assessment Paid to Trustee	
									$1,445,762	$608,955	$526,548	$310,259	$608,955	$526,548	$310,259			
									$1,381,020	$607,280	$486,750	$286,990	$607,280	$486,750	$286,990	$486,750	$286,990	
1	1	Collier Cty Tax Collector	10/31/24	NAV Taxes	$	5,029.27		$	(95.30)	$	(264.04)	$	4,669.93	$	2,118.27	$	1,831.70	$	1,079.30	$  1,966.88	$  1,700.85	$  1,002.20	$  1,700.85	$  1,002.20	
2	2	Collier Cty Tax Collector	11/08/24	NAV Taxes	$	6,996.92		$	(134.35)	$	(279.88)	$	6,582.69	$	2,947.07	$	2,548.30	$	1,501.55	$  2,772.49	$  2,397.50	$  1,412.70	$  2,397.50	$  1,412.70	
3	3	Collier Cty Tax Collector	11/14/24	NAV Taxes	$ 149,002.40		$ (2,860.84)	$ (5,960.16)	$  140,181.40	$  62,759.75	$	54,266.70	$  31,975.95	$ 59,044.25	$ 51,054.15	$ 30,083.00	$ 51,054.15	$ 30,083.00	
4	4	Collier Cty Tax Collector	11/21/24	NAV Taxes	$ 171,315.40		$ (3,289.71)	$ (6,829.98)	$  161,195.71	$  72,158.00	$	62,393.10	$  36,764.30	$ 67,895.51	$  58,707.55	$ 34,592.65	$ 58,707.55	$ 34,592.65	
5	5	Collier Cty Tax Collector	12/06/24	NAV Taxes	$ 848,415.08		$ (16,289.56)	$ (33,936.96)	$  798,188.56	$ 357,352.38	$  308,992.80	$ 182,069.90	$ 336,196.86	$ 290,700.35	$ 171,291.35	$ 290,700.35	$ 171,291.35	
6	6	Collier Cty Tax Collector	12/09/24	NAV Taxes	$  35,767.62		$	(686.74)	$ (1,430.72)	$	33,650.16	$  15,065.27	$	13,026.60	$  7,675.75	$ 14,173.31	$ 12,255.45	$  7,221.40	$ 12,255.45	$  7,221.40	
7	7	Collier Cty Tax Collector	12/12/24	NAV Taxes	$  88,037.04		$ (1,691.64)	$ (3,454.87)	$	82,890.53	$  37,081.19	$	32,063.10	$  18,892.75	$ 34,913.43	$  30,188.75	$ 17,788.35	$ 30,188.75	$ 17,788.35	
8	8	Collier Cty Tax Collector	12/24/24	NAV Taxes	$  21,496.82		$	(417.04)	$	(644.90)	$	20,434.88	$	9,054.42	$	7,829.15	$	4,613.25	$  8,607.08	$  7,442.45	$  4,385.35	$  7,442.45	$  4,385.35	
9	9	Collier Cty Tax Collector	01/09/25	NAV Taxes	$  31,379.33		$	(608.76)	$	(941.39)	$	29,829.18	$  13,216.98	$	11,428.35	$  6,734.00	$ 12,563.98	$ 10,863.80	$  6,401.40	$ 10,863.80	$  6,401.40	
10	Int - 1	Collier Cty Tax Collector	01/09/25	Interest		$ 1,076.50			$	1,076.50	$	1,076.50			$  1,076.50			$	-	$	-	
11	10	Collier Cty Tax Collector	02/07/25	NAV Taxes	$  24,384.74		$	(477.94)	$	(487.70)	$	23,419.10	$  10,270.79	$	8,880.95	$  5,233.00	$  9,864.00	$  8,529.30	$  5,025.80	$  8,529.30	$  5,025.80	
12	11	Collier Cty Tax Collector	03/06/25	NAV Taxes	$  22,258.78		$	(440.26)	$	(245.98)	$	21,572.54	$	9,375.38	$	8,106.65	$	4,776.75	$  9,086.19	$  7,856.80	$  4,629.55	$  7,856.80	$  4,629.55	
13	12	Collier Cty Tax Collector	04/07/25	NAV Taxes	$  24,284.47		$	(485.69)		$	23,798.78	$  10,228.62	$	8,844.40	$  5,211.45	$ 10,023.98	$	8,667.55	$	5,107.25	$  8,667.55	$  5,107.25	
14	Int - 2	Collier Cty Tax Collector	04/07/25	Interest		$  126.41			$	126.41	$	126.41			$	126.41			$	-	$	-	
15									$	-							$	-	$	-	
16									$	-							$	-	$	-	
17									$	-							$	-	$	-	
18									$	-							$	-	$	-	
19									$	-							$	-	$	-	
20									$	-									
21									$	-									
					$1,428,367.87	$ 1,202.91	$ (27,477.83)	$ (54,476.58)	$ 1,347,616.37	$ 602,831.03	$  520,211.80	$ 306,527.95	$ 568,310.87	$ 490,364.50	$ 288,941.00	$ 490,364.50	$ 288,941.00	

Assessment Roll = $1,445,761.68	Tax Collections	Note: $1,445,762, $608,955, $526,548 and $310,259 are 2024/2025 budgeted
98.80%	assessments before discounts and fees.
O&M: 608,954.68	$1,381,020, $607,280, $486,750 and $286,990 are 2024/2025 budgeted
13 Debt: 526,548.00	assessments after discounts and fees.
18 Debt: 310,259.00

1,445,761.68

Page 21

$ 1,428,367.87
$	1,202.91	$ 1,347,616.37	
$ (602,831.03)	$ (568,310.87)	
$ (520,211.80)	$ (490,364.50)	
$ (306,527.95)	$ (288,941.00)	
$	-	$	-