WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT

COLLIER COUNTY Regular Board Meeting December 4, 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
December 4, 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
November 6, 2025 Regular Board Meeting Minutes…	Page 2
Old Business
New Business
Discussion Regarding Bond Length…	Page 6
Discussion Regarding Community Connecting to District Lake Drains…	Page 10
Discussion Regarding Advertising…	Page 12
Administrative Matters
Manager’s Report
Financials…	Page 17
Attorney’s Report
Comments from the Public
Board Member Comments
Adjourn

Publication Date 2025-11-26

Subcategory Miscellaneous Notices

NOTICE OF BOARD MEETING OF THEWINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors of the Winding Cypress Community Development District (the District) will hold a Board Meeting on December 4, 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.11857927 Nov. 26, 2025

Page 1

WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT
REGULAR BOARD MEETING NOVEMBER 6, 2025

CALL TO ORDER

The November 6, 2025, Regular Board Meeting of the Winding Cypress Community Development District (the “District”) was called to order at 1:01 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 the November 6, 2025, Regular Board Meeting had been published in the Naples Daily News on October 22, 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 Workshop:

Chairperson	Barbara Powell	Present	
Vice Chairman	Alex Petrovsky	Present	
Supervisor	Gerard O’Donohue	Present	
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	Agnoli Barber & Brundage, Inc.	

District Manager, Kathleen Meneely of Special District Services, Inc. was also in attendance until 1:35 p.m. Also present were those on the attached sign-in sheet.
ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

APPROVAL OF MINUTES
August 7, 2025, Public Hearing & Regular Board Meeting

A motion was made by Supervisor Ciriello, seconded by Supervisor Petrovsky and passed unanimously approving the minutes of the August 7, 2025, Public Hearing & Regular Board Meeting, as presented.

October 2, 2025, Workshop

A motion was made by Supervisor Ciriello, seconded by Supervisor Broucek and passed unanimously approving the minutes of the October 2, 2025, Workshop, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

There was a consensus of the Board to change the order of the items listed under New Business to discuss the current project and then the funding options.

NEW BUSINESS

Mr. Tryka presented his overview, focusing on six lakes for remediation. The lakes would be bid on a lake by lake basis allowing the District to maximize the work that can be completed. The Board anticipated to select the contractor at the February meeting, with work beginning in March or April.

Mr. Tryka reported that the pickleball conversion review had led to the discovery of plans indicating a drainage system in the area. Upon initial inspection, the drains are not visible. Were they not put in or were they covered over? Ideally the HOA would partner with us or have their landscapers look for the system. This would involve light digging or probing.
A motion was made by Supervisor Powell, seconded by Supervisor Petrovsky and passed unanimously authorizing staff to correspond with the HOA to investigate the drainage system.

A motion was made by Supervisor Petrovsky, seconded by Supervisor Broucek and passed unanimously directing staff to work with the District Engineer to finalize specs and distribute for bids for the Lake Remediation 2026 Project with a due date in January for Board consideration at the February meeting.

Discussion Regarding Lake Bank Funding
This discussion can be summarized into one question: Is this a capital project that should have the cost spread over time or from Operating funds on an annual basis? The current amount of the budget being paid into O&M is $509.48 -$652.74. If the Board were to pursue 20 year bonds, the cost would decrease to $315
- $385 per home; a 30 year bond would decrease these costs further. The 30 year breakdown will be available for review at the next meeting.

A motion was made by Supervisor O’Donohue, seconded by Supervisor Powell and passed unanimously authorizing staff to pursue bond issuance to coincide with the budget process.

Consider Resolution No. 2025-05 – Adopting a Fiscal Year 2024/2025 Amended Budget

Resolution No. 2025-05 was presented, entitled:

RESOLUTION NO. 2025-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2024/2025 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Supervisor Ciriello, seconded by Supervisor Petrovsky and passed unanimously adopting Resolution No. 2025-05, as presented.

Consider Resolution No. 2025-06 – Goals and Objectives Annual Report

Resolution No. 2025-06 was presented, entitled:

RESOLUTION NO. 2025-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN ANNUAL REPORT OF GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Supervisor Powell, seconded by Supervisor Petrovsky and passed unanimously adopting Resolution No. 2025-06, as presented.
ADMINISTRATIVE MATTERS
Manager’s Report
Ms. Krizen noted that the next meeting was scheduled for December 4, 2025.
Attorney’s Report
Ms. Willson reminded the Board that their 4 hours of ethics training was due by December 31, 2025.
COMMENTS FROM THE PUBLIC

Kasia Zadykowicz thanked the Board for their work. She spoke of her concern for the drainage on the HOA property and wanted to ensure that the pickleball project would not harm the lake banks.

Marco Arilli asked about water volume studies and did the permeability of the hard service change of a pickleball court change versus the clay of a tennis court.

Kathy Avallone spoke regarding the littoral plants and the benefits they have for the lake banks and water quality.

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 2:46 p.m. on a motion made by Supervisor Powell, seconded by Supervisor Petrovsky and passed unanimously.

Chairperson/Vice Chairman		Secretary/Assistant Secretary Date Approved		

Presentation to: Winding Cypress CDD

30 year bond vs 20 year bank loan

November 11, 2025

Disclosure

FMS ROLE AS UNDERWRITER AND NOT FINANCIAL ADVISOR

FMSbonds, Inc., is providing the information contained in this document for discussion purposes only in anticipation of serving as underwriter. The primary role of FMSbonds, Inc., (“FMS”) as an underwriter, is to purchase securities with a view to distribute in an arm’s-length commercial transaction with the CDD. FMS may have financial and other interests that differ from those of the CDD. FMS is not acting as a municipal advisor, financial advisor or fiduciary to the CDD or any other person or entity. The information provided is not intended to be and should not be construed as “advice” within the meaning of Section 15B of the Securities Exchange Act of 1934. The CDD should consult with its own financial and/or municipal, legal, accounting, tax and other advisors, as applicable, to the extent it deems appropriate. Securities offered by FMSbonds, Inc, including annuities, are not insured by the FDIC or any government agency; are not deposits or other obligations of or guaranteed by FMSbonds, Inc. or any of its affiliates; and are subject to investment risks, including possible loss of the principal invested. FMSbonds, Inc. is a broker/dealer, member FINRA/SIPC. FMS has a policy that is designed to comply with the disclosure requirements under revised MSRB Rule G-23. In conjunction with these requirements, we are providing the following disclosure to all of our municipal underwriting clients.

Financing Plan

30 Year Bond Issuance

Bond Assumption

Proposed Loan Amount Total Bond Payment
Capitalized Interest Term (months)
Estimated Interest Rate* Term (years)

*thru 11/1/26

$3,440,000
$232,783 12
5.35%
30

Less:
Capitalized Interest	$184,040	*interest payments must be set aside for 1 year until placed on the tax roll.
Cost of Issuance	$255,960
Net Bond Proceeds	$3,000,000

Assessment Allocation

Product	

# of Units	2015 Assessment Per Home**	2019 Assessment Per Home***	Proposed Assessment Per Home	Total Assessment Per Home	
Villa	152	$785	$0	$272	$1,057	
Single-Family 50'	270	$883	$0	$302	$1,185	
Single-Family 65'	132	$980	$0	$332	$1,312	
Single-Family 50'	136	$0	$1,322	$302	$1,624	
Single-Family 65'	76	$0	$1,428	$332	$1,760	
Total	766					
* Estimated rate, subject to change until final pricing.
** The 2015 Bonds mature in November 1, 2045, at which point only the proposed bond assessments will be due each year.
** The 2019 Bonds mature in November 1, 2049, at which point only the proposed bond assessments will be due each year.

Financing Plan

20 Year Bank Loan

WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT
OFFICE OF THE DISTRICT MANAGER
2501A Burns Road, Palm Beach Gardens, Florida 33410 (941) 223-2475

Date:	December 4, 2025
Project:	Lake Bank Connections
From:	Michelle Krizen, District Manager
To:	Winding Cypress Community Development Board

The Winding Cypress Community Development District (the “District”) Board of Supervisors (the “Board”) is continuing to evaluate best options for management, maintenance and repair of the District’s stormwater management system (the “Stormwater Management System”). As a reminder, last May the District entered into an agreement with Earth Tech Enterprises, Inc. (“Earth Tech”) for lake bank remediation services (the “Project”) for the most severely impacted sites within the District.1 As part of that project the district installed 23 yard drains in the lake bank easement.

At that time the community was sent a letter reminding residents to avoid additional impact to the District’s Property. Speciﬁcally, homeowners or their contractor could not make any alterations within the lakes and the surrounding lake maintenance easement which are part of the District’s Stormwater Management System.
The ARC has been sending all drainage requests to the district manager who coordinates with the district engineer to make a determination as to whether the planned projects may impact the Stormwater Drainage System. Recently we have received a request to connect to one of the yard drains that was installed by the district. While our ultimate goal is to connect home downspouts to the District system, via yard drain inlets installed as part of District projects, , the Board of Supervisors in consultation with the District Engineer must ﬁrst establish a policy to ensure that the connections are made consistent with the overall engineering design. Below is a proposed policy to meet that need.

Homeowner submits request to ARC. If the design passes all the ARC guidelines, it will be passed on to the District Manager.
The District Manager will share the request with the District Engineer who will review the request and conﬁrm a connection is available.
If District Engineer approves the request:
The contractor must share his time certain schedule for the connection to the yard drain with the district engineer so that the installation can be inspected; and

1 More information regarding the review process and actions taken to date is included is the 2025 community update and available at Windingcypresscdd.org.

WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT
OFFICE OF THE DISTRICT MANAGER
2501A Burns Road, Palm Beach Gardens, Florida 33410 (941) 223-2475

The contractor shall not tie-into the system without the district engineer or his representative present.
The district engineer must sign oﬀ on the work associated with the connection, including backﬁll and sodding, before the homeowner may receive the deposit back from ARC.
If the district engineer deems the work associated with the connection insuﬃcient and does not provide sign oﬀ, the District retains the right to refuse the project.

The District Manager will maintain a list with all of the drains that are directly connected to the system.

Please note that having the district engineer inspect these projects will cost approximately
$520.00 per inspection or re-inspection (by separate trip). These costs could be charged to the homeowner as part of the project or absorbed by the district, depending upon the CDD Board of Supervisors decision made consistent with advice from District Counsel.

Kutak Rock LLP - Tallahassee
107 W. College Ave., Tallahassee, FL 32301

MEMORANDUM

RE: FROM:

LEGAL NOTICES VIA PUBLICLY ACCESSIBLE WEBSITE KUTAK ROCK LLP

DATE:	JULY 20, 2022

HB 7049 passed during the regular 2022 legislative session and was signed by the Governor (codified in Chapter 2022-103, Laws of Florida). The bulk of these changes are in Chapter 50, Florida Statutes, including section 50.011, F.S. The changes require that notices that fall under the broad section of public notice publication requirements be reviewed for the updated requirements and options. Among these, the new section 50.0311, F.S., allows for notices to publish on a “publicly accessible website” as an alternative to a publication in print newspaper. The full text of section 50.0311, F.S. is enclosed as Exhibit A. Below applies a summary of the key provisions of this new option to noticing procedures for special districts. For specific questions, please consult your Kutak attorney.

Effective Date: The law takes effect January 1, 2023.

Which websites qualify as a publicly accessible website? Publicly accessible website means either:
County’s official website; or
Other private website designated by the county for the publication of legal notices
Note that not all websites (including some general publications’ websites) will qualify as a publicly accessible website. It is important to note that there is currently no uniform guidance on how a special district may obtain access to a county’s official website or confirm which private websites have been designated by the counties for the publication of legal notices. Thus, viability for publishing legal notices on a website should be assessed on a district to district, county to county basis as different jurisdictions start to get familiar with this new option. It is also possible that each counties will adopt its own rules, policies or procedures to address some of these outstanding questions prior to the date the law takes effect.

What types of notices can be published on a website? Publication of notices via publicly accessible websites is available for most legally required notices including, but not limited to:
Establishment hearing notices pursuant to amended section 190.001(1)(d), F.S.
Budget and assessment hearing notices pursuant to Chapters 170, 190 and 197, F.S.
District board of supervisors’ meeting notices
Rulemaking notices pursuant to Chapter 120
Request for Proposals/bid notices

Which districts can publish on a website? All special districts intending to publish legal notices on a publicly accessible website must first determine the following:
Cost of publishing on a website must be less than the cost to publish in a newspaper
Notices must be published in a publicly accessible website in each county within which the district boundaries are located
If a district is located in a county with a population of less than 160,000 persons, it must first hold a public hearing to determine that its residents have sufficient access to the internet by broadband service and publishing on a website will not unreasonably restrict public access (note – for a district spanning two counties, the 160,000 population test will be applied to the county with at least 75% of the district’s population)
As reported by the 2020 U.S. Census, approximately half of Florida counties have a population of less than 160,000. Thus, it is important for district managers to confirm the current county population for each district.

If a district is publishing notices on a website, are there additional requirements?
Form of Notice – In addition to the specific legal requirements of a particular notice, website notices must be in a searchable form and include the date of the publication.
Additional Notice & Registry of Recipients – If a district uses a publicly accessible website, the district must also give notice in a newspaper at least annually that property owners and residents may receive legal notices from the district by first class mail or email upon registering with the district. The district must maintain a registry of such requests.
Notice of Bidding - If a publicly available website is used for notice of bidding, bids must be able to be submitted electronically.
District Website - If a district publishes legal notices on a publicly accessible website, a link to legal notices must be conspicuously placed on the district’s website homepage (in addition to a link on the publicly accessible website’s homepage).

Are there other changes from this legislation affecting a district’s noticing procedures if the district is still publishing in a newspaper?
The criteria for which newspapers can be used for print publication generally reverts back to pre-2021 requirements. If a district changed the newspaper where it printed notices, district managers should review the new criteria to be sure the newspaper of choice is still eligible.
The statutory form affidavit for proof of publication was also revised.

What now?
First, evaluate what notices are currently published by the district and in what places. Determine costs and whether the current newspaper is still eligible for such notices.

Second, confirm with the applicable county to ascertain whether its website will meet the criteria for publication and what arrangements it will have for notices from other jurisdictions, including costs or charges.
Third, don’t forget that in a county with population of less than 160,000, the district has to determine internet accessibility of residents.
Fourth, don’t be surprised if in the 2023 session, this law is again the subject of discussion and
debate!

EXHIBIT A
50.0311 Publication of advertisements and public notices on a publicly accessible website and governmental access channels.—
For purposes of this chapter, the term “governmental agency” means a county, municipality, school board, or other unit of local government or political subdivision in this state.
For purposes of notices and advertisements required under s. 50.011, the term “publicly accessible website” means a county’s official website or other private website designated by the county for the publication of legal notices and advertisements that is accessible via the Internet. All advertisements and public notices published on a website as provided in this chapter must be in searchable form and indicate the date on which the advertisement or public notice was first published on the website.
A governmental agency may use the publicly accessible website of the county in which it lies to publish legally required advertisements and public notices if the cost of publishing advertisements and public notices on such website is less than the cost of publishing advertisements and public notices in a newspaper.
A governmental agency with at least 75 percent of its population located within a county with a population of fewer than 160,000 may use a publicly accessible website to publish legally required advertisements and public notices only if the governing body of the governmental agency, at a public hearing that has been noticed in a newspaper as provided in this chapter, determines that the residents of the governmental agency have sufficient access to the Internet by broadband service, as defined in s. 364.02, or by any other means, such that publishing advertisements and public notices on a publicly accessible website will not unreasonably restrict public access.
A special district spanning the geographic boundaries of more than one county that satisfies the criteria for publishing and chooses to publish legally required advertisements and public notices on a publicly accessible website must publish such advertisements and public notices on the publicly accessible website of each county it spans. For purposes of this subsection, the term “special district” has the same meaning as in s. 189.012.
A governmental agency that uses a publicly accessible website to publish legally required advertisements and public notices shall provide notice at least once per year in a newspaper of general circulation or another publication that is mailed or delivered to all residents and property owners throughout the government’s jurisdiction, indicating that property owners and residents may receive legally required advertisements and public notices from the governmental agency by first-class mail or e-mail upon registering their name and address or e-mail address with the governmental agency. The governmental agency shall maintain a registry of names, addresses, and e-mail addresses of property owners and residents who have requested in writing that they receive legally required advertisements and public notices from the governmental agency by first-class mail or e-mail.

A link to advertisements and public notices published on a publicly accessible website shall be conspicuously placed:
On the website’s homepage or on a page accessible through a direct link from the homepage.
On the homepage of the website of each governmental agency publishing notices on the publicly accessible website or on a page accessible through a direct link from the homepage.
A governmental agency that has a governmental access channel authorized under s. 610.109 may also include on its governmental access channel a summary of all advertisements and public notices that are published on a publicly accessible website.
A public bid advertisement made by a governmental agency on a publicly accessible website must include a method to accept electronic bids.
Effective January 1, 2023

Winding Cypress Community Development District

Financial Report For October 2025

WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
OCTOBER 2025

REVENUES	Annual Budget
10/1/25 - 9/30/26	
Actual Oct-25	Year To Date Actual
10/1/25 - 10/31/25	
O & M (Operation & Maintenance) Assessments	608,951	0	0	
Debt Assessments (2015)	526,216	0	0	
Debt Assessments (2019)	308,830	0	0	
Other Revenue	0	0	0	
Interest Income - Operating	4,000	0	0	
Interest Income - Preserve Areas	12,000	0	0	
TOTAL REVENUES	$	1,459,997	$	-	$	-	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	10,000	0	0	
Payroll Taxes - Employer	800	0	0	
Management	52,980	4,415	4,415	
Legal	25,500	0	0	
Legal & Engineering - Extraordinary	0	0	0	
Assessment Roll	5,000	0	0	
Audit Fees	4,000	0	0	
Arbitrage Rebate Fee	650	0	0	
Insurance	8,200	7,269	7,269	
Legal Advertisements	5,000	288	288	
Miscellaneous	1,260	0	0	
Postage	600	0	0	
Office Supplies	850	66	66	
Dues & Subscriptions	175	175	175	
Trustee Fee	8,300	0	0	
Continuing Disclosure Fee	1,000	0	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	124,315	$	12,213	$	12,213	
				
Maintenance Expenditures				
Engineering/Inspections	25,000	0	0	
Preserve Maintenance	79,700	0	0	
Lake Bank Maintenance	70,000	0	0	
Lake Remediation	315,265	0	0	
Pipe Maintenance	0	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	489,965	$	-	$	-	
				
TOTAL EXPENDITURES	$	614,280	$	12,213	$	12,213	
				
REVENUES LESS EXPENDITURES	$	845,717	$	(12,213)	$	(12,213)	
				
Bond Payments (2015)	(486,750)	0	0	
Bond Payments (2019)	(285,668)	0	0	
				
BALANCE	$	73,299	$	(12,213)	$	(12,213)	
				
County Appraiser & Tax Collector Fees	(49,818)	0	0	
Discounts For Early Payments	(58,481)	0	0	
				
EXCESS/ (SHORTFALL)	$	(35,000)	$	(12,213)	$	(12,213)	
				
CARRYOVER FROM PRIOR YEAR	35,000	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(12,213)	$	(12,213)	
				
Operating Account Bank Balance As Of 10/31/25	$	458,144.00		
Accounts Payable As Of 10/31/25	$	7,757.71		
Accounts Receivable As Of 10/31/25	$	-		
Lake Remediation Reserve As Of 10/31/25	$	366,062.00		
Operating Account Available Funds As Of 10/31/25	$	84,324.29		
Preserve Areas Bank Account As Of 10/31/25	$	839,632.90		
Total Available Funds As Of 10/31/25	$	923,957.19		

Notes
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 2025

	Oct 24 - Sept 25	25/26 Budget	$ Over Budget	% of Budget	
Ordinary Income/Expense								
Income						
	01-3300	O&M Assessments	0.00	608,951.00	-608,951.00	0.0%	
	01-3810	Debt Assessments (2015)	0.00	526,216.00	-526,216.00	0.0%	
	01-3811	Debt Assessments (2019)	0.00	308,830.00	-308,830.00	0.0%	
	01-3820	Debt Assess-Pd To Trustee-2015	0.00	-486,750.00	486,750.00	0.0%	
	01-3821	Debt Assess-Pd To Trustee-2019	0.00	-285,668.00	285,668.00	0.0%	
	01-3830	Assessment Fees	0.00	-49,818.00	49,818.00	0.0%	
	01-3831	Assessment Discounts	0.00	-58,481.00	58,481.00	0.0%	
	01-9401	Carryover Funds from Prev. Year	0.00	35,000.00	-35,000.00	0.0%	
	01-9410	Interest Income (GF)	0.00	4,000.00	-4,000.00	0.0%	
	01-9411	Interest Income (Preserve Acct)	0.00	12,000.00	-12,000.00	0.0%	
Total Income	0.00		614,280.00		-614,280.00		0.0%	
Expense						
	01-1310	Engineering	0.00	25,000.00	-25,000.00	0.0%	
	01-1311	Management Fees	4,415.00	52,980.00	-48,565.00	8.33%	
	01-1315	Legal Fees	0.00	25,500.00	-25,500.00	0.0%	
	01-1316	Lake Remediation & Related Items	0.00	315,265.00	-315,265.00	0.0%	
	01-1318	Assessment/Tax Roll	0.00	5,000.00	-5,000.00	0.0%	
	01-1320	Audit Fees	0.00	4,000.00	-4,000.00	0.0%	
	01-1321	Supervisor Fees	0.00	10,000.00	-10,000.00	0.0%	
	01-1323	Payroll tax expense	0.00	800.00	-800.00	0.0%	
	01-1330	Arbitrage Rebate Fee	0.00	650.00	-650.00	0.0%	
	01-1450	Insurance	7,269.00	8,200.00	-931.00	88.65%	
	01-1480	Legal Advertisements	288.16	5,000.00	-4,711.84	5.76%	
	01-1512	Miscellaneous	0.00	1,260.00	-1,260.00	0.0%	
	01-1513	Postage and Delivery	0.00	600.00	-600.00	0.0%	
	01-1514	Office Supplies	65.55	850.00	-784.45	7.71%	
	01-1540	Dues, License & Subscriptions	175.00	175.00	0.00	100.0%	
	01-1550	Trustee Fees	0.00	8,300.00	-8,300.00	0.0%	
	01-1743	Continuing Disclosure Fee	0.00	1,000.00	-1,000.00	0.0%	
	01-1807	Lake Maintenance	0.00	70,000.00	-70,000.00	0.0%	
	01-1813	Preserve Maintenance	0.00	79,700.00	-79,700.00	0.0%	
Total Expense	12,212.71		614,280.00		-602,067.29		1.99%	
Net Ordinary Income	-12,212.71		0.00		-12,212.71		100.0%	
Net Income			-12,212.71	0.00	-12,212.71	100.0%	

Page 20

Winding Cypress Community Development District
Expenditures
October 2025

	Date		Num		Name		Memo		Debit	
Expenditures
01-1311 • Management Fees	

10/31/2025		

2025-1442		

Special District Services		

Management fee - October 2025		

4,415.00	
Total 01-1311 ā Management Fees									4,415.00	
01-1450 • Insurance	
10/01/2025		
30080		
Egis Insurance Advisors LLC		
policy# 100125281 10/1/25-10/1/26		
7,269.00	
Total 01-1450 ā Insurance									7,269.00	
01-1480 • Legal Advertisements	
10/31/2025		
0007405638		
Gannett Florida LocaliQ		
FY 25/26 Mtg Schedule		
288.16	
Total 01-1480 ā Legal Advertisements									288.16	
01-1514 • Office Supplies										
	10/31/2025		2025-1442		Special District Services		copier charges		41.55	
	10/31/2025		2025-1442		Special District Services		meeting books		24.00	
Total 01-1514 ā Office Supplies									65.55	
01-1540 • Dues, License & Subscriptions	
10/01/2025		
93296		
Florida Commerce		
special district fee FY 25/26		
175.00	
Total 01-1540 ā Dues, License & Subscriptions									175.00	
Total Expenditures									12,212.71	

Page 21

WINDING CYPRESS CDD TAX COLLECTIONS

FOR

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$0.00

21

20

19

18

17

16

15

14

13

12

11

10

9

8

7

6

5

4

3

IN OCTOBER 2025

2

NO COLLECTIONS

1

$285,668

$486,750

$285,668

$486,750

$563,280

$285,668

$486,750

$563,280

$1,335,698

$308,830

$526,216

$608,951

$308,830

$526,216

$608,951

$1,443,997

Series 2019 Debt Assessment Paid to Trustee

Series 2015 Debt Assessment Paid to Trustee

Series 2019 Debt Assessment Income (After Discounts & Fees)

Series 2015 Debt Assessment Income (After Discounts & Fees)

O & M Assessment Income (After Discounts & Fees)

Series 2019 Debt Assessment Income (Before Discounts & Fees)

Series 2015 Debt Assessment Income
(Before Discounts & Fees)

O & M Assessment Income (Before Discounts & Fees)

Net From Tax Collector

Discount

Commission Paid

Interest Received

Tax Collect Receipts Gross

DATE

Payment From

ID 

 

2025 - 2026