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 Half 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			

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 January 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	

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