Winding Cypress Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2015)

IV

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2019)

V

ASSESSMENT COMPARISON

PROPOSED BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Note: Lake Bank Reserves Balance As Of 5/1/26: $345,000 - Reserve Balance To Be Adjusted At Close Of Fiscal Year.

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O&M (Operation & Maintenance) Assessments

608,951

Debt Assessments - Series 2015

526,216

Debt Assessments - Series 2019

308,830

Interest Income - Operating

5,000

Interest Income - Preserve

13,000

TOTAL REVENUES

$	1,461,997

EXPENDITURES

Administrative Expenditures

Supervisor Fees

14,400

Payroll Taxes - Employer

1,152

Management

54,408

Legal

25,500

Assessment Roll

5,000

Audit Fees

4,100

Arbitrage Rebate Fee

650

Insurance

8,200

Legal Advertisements

2,500

Miscellaneous

1,760

Postage

600

Office Supplies

850

Dues & Subscriptions

175

Trustee Fee

8,300

Continuing Disclosure Fee

700

Total Administrative Expenditures

$	128,295

Maintenance Expenditures

Engineering/Inspections

45,000

Preserve Maintenance

79,700

Lake Bank Maintenance

50,000

Lake Bank Remediation And Related Items

315,265

Total Maintenance Expenditures

$	489,965

Total O&M Expenditures

$	618,260

REVENUES LESS EXPENDITURES

$	843,737

Bond Payments - Series 2015

(486,750)

Bond Payments - Series 2019

(285,668)

BALANCE

71,319

County Appraiser & Tax Collector Fee

(49,818)

Discounts For Early Payments

(58,481)

EXCESS/ (SHORTFALL)

$	(36,980)

Carryover Funds From Prior Year (Preserve Interest)

36,980

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Note: Lake Bank Reserves Balance As Of 5/1/26: $345,000 - Reserve Balance To Be Adjusted At Close Of Fiscal Year.

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

O&M (Operation & Maintenance) Assessments

610,731

608,951

608,951

Expenditures Less Interest & Carryover/.925

Debt Assessments - Series 2015

526,549

526,216

526,216

Bond Payments/.925

Debt Assessments - Series 2019

310,260

308,830

308,830

Bond Payments/.925

Interest Income - Operating

29,634

4,000

5,000

Operating Account Interest Income

Interest Income - Preserve

29,543

12,000

13,000

Preserve Account Interest Income

TOTAL REVENUES

1,506,717

$	1,459,997

$	1,461,997

EXPENDITURES

Administrative Expenditures

Supervisor Fees

2,000

10,000

14,400

Supervisor Fees

Payroll Taxes - Employer

153

800

1,152

Projected At 8% Of Supervisor Fees

Management

51,492

52,980

54,408

CPI Adjustment

Legal

23,178

25,500

25,500

No Change From 2025/2026 Budget

Assessment Roll

5,000

5,000

5,000

As Per Contract

Audit Fees

3,900

4,000

4,100

Approved Amount For 2025/2026 Audit

Arbitrage Rebate Fee

650

650

650

No Change From 2025/2026 Budget

Insurance

6,858

8,200

8,200

Insurance Estimate

Legal Advertisements

3,570

5,000

2,500

Using Collier County Legal Advertising Website

Miscellaneous

1,991

1,260

1,760

$500 Increase From 2025/2026 Budget

Postage

1,041

600

600

No Change From 2025/2026 Budget

Office Supplies

736

850

850

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

8,277

8,300

8,300

No Change From 2025/2026 Budget

Continuing Disclosure Fee

700

1,000

700

$300 Decrease From 2025/2026 Budget

Total Administrative Expenditures

109,721

$	124,315

$	128,295

Maintenance Expenditures

Engineering/Inspections

77,216

25,000

45,000

$20,000 Increase From 2025/2026 Budget

Preserve Maintenance

75,100

79,700

79,700

No Change From 2025/2026 Budget

Lake Bank Maintenance

0

70,000

50,000

$20,000 Decrease From 2025/2026 Budget

Lake Bank Remediation And Related Items

294,203

315,265

315,265

Lake Bank Remediation And Related Items

Total Maintenance Expenditures

$	446,519

$	489,965

$	489,965

Total O&M Expenditures

$	556,240

$	614,280

$	618,260

REVENUES LESS EXPENDITURES

950,477

$	845,717

$	843,737

Bond Payments - Series 2015

(496,575)

(486,750)

(486,750)

2027 Principal & Interest Payments

Bond Payments - Series 2019

(292,599)

(285,668)

(285,668)

2027 Principal & Interest Payments

BALANCE

161,303

73,299

71,319

County Appraiser & Tax Collector Fee

(24,573)

(49,818)

(49,818)

Three And One Half Percent Of Total Assessment Roll

Discounts For Early Payments

(54,477)

(58,481)

(58,481)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	82,253

$	(35,000)

$	(36,980)

Carryover Funds From Prior Year (Preserve Interest)

0

35,000

36,980

Carryover Funds From Prior Year

NET EXCESS/ (SHORTFALL)

$	82,253

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2015) BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2015 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$7,535,000 4.00% - 5.00%
December 2015
November 2045

Annual Principal Payments Due =
Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$6,035,000

III

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

31,487

1,200

2,000

Projected Interest For 2026/2027

NAV Tax Collection

496,575

486,750

486,750

Maximum Debt Service Collection

Total Revenues

$	528,062

$	487,950

$	488,750

EXPENDITURES

Principal Payments

165,000

185,000

190,000

Principal Payment Due In 2027

Interest Payments

313,016

301,750

292,500

Interest Payment Due In 2027

Bond Redemption

0

1,200

6,250

Estimated Excess Debt Collections

Total Expenditures

$	478,016

$	487,950

$	488,750

Excess/ (Shortfall)

$	50,046

$	-

$	-

DETAILED PROPOSED DEBT SERVICE (SERIES 2019) FUND BUDGET
WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2019 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$4,470,000 3.75% - 5.00%
February 2019
November 2049

Annual Principal Payments Due =
Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$3,940,000

IV

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

17,741

1,000

2,000

Projected Interest For 2026/2027

NAV Tax Collection

292,599

285,668

285,668

Maximum Debt Service Collection

Prepaid Bond Collection

18,354

0

0

Total Revenues

$	328,694

$	286,668

$	287,668

EXPENDITURES

Principal Payments

85,000

95,000

95,000

Principal Payment Due In 2027

Interest Payments

199,253

190,581

188,344

Interest Payment Due In 2027

Bond Redemption

40,000

1,087

4,324

Estimated Excess Debt Collections

Total Expenditures

$	324,253

$	286,668

$	287,668

Excess/ (Shortfall)

$	4,441

$	-

$	-

WINDING CYPRESS COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
	Projected Assessment*	

O & M For Phases 1 & 2 SF Villas Debt For Phases 1 & 2 SF Villas
Total For Phases 1 & 2 SF Villas

$
$

794.99
849.00

$
$

794.98
849.00

$
$

794.98
849.00

$
$

794.98
849.00

$

1,643.99

$

1,643.98

$

1,643.98

$

1,643.98

O & M For Phases 1 & 2 SF 50' Units Debt For Phases 1 & 2 SF 50' Units
Total For Phases 1 & 2 SF 50' Units

$
$

794.99
954.00

$
$

794.98
954.00

$
$

794.98
954.00

$
$

794.98
954.00

$

1,748.99

$

1,748.98

$

1,748.98

$

1,748.98

O & M For Phases 1 & 2 SF 65' Units Debt For Phases 1 & 2 SF 65' Units
Total For Phases 1 & 2 SF 65' Units

$
$

794.99
1,060.00

$
$

794.98
1,060.00

$
$

794.98
1,060.00

$
$

794.98
1,060.00

$

1,854.99

$

1,854.98

$

1,854.98

$

1,854.98

O & M For Phase 3 SF 50' Units Debt For Phase 3 SF 50' Units
Total For Phase 3 SF 50' Units

$
$

794.99
1,429.00

$
$

794.98
1,429.00

$
$

794.98
1,429.00

$
$

794.98
1,429.00

$

2,223.99

$

2,223.98

$

2,223.98

$

2,223.98

O & M For Phase 3 SF 65' Units Debt For Phase 3 SF 65' Units
Total For Phase 3 SF 65' Units

$
$

794.99
1,544.00

$
$

794.98
1,544.00

$
$

794.98
1,544.00

$
$

794.98
1,544.00

$

2,338.99

$

2,338.98

$

2,338.98

$

2,338.98

* Assessments Include the Following : 4% Discount for Early Payments
2% County Tax Collector Fee
1.5% County Property Appraiser Fee

Notes:
Developer made Phase 3 Bond Prepayment in January 2020 for 1 lot differential
(1 65' Lot Replaced with 1 50' Lot)

Community Information: Phases 1 & 2:  554 Units
Phase 3:	212 Units

Phases 1 & 2: Villas:
50' Lots:

Phase 3:
Villas: 50' Lots:

Phase 3 50' Lot Information:

152 Units
270 Units

0 Units
136 Units

Total Units: 136
Prepayments: 2
Billed for 50' Lot Debt: 134
One New Bond Prepayer For 25/26

Total:

766 Units

65' Lots:	132 Units

65' Lots:	76 Units

Total:

554 Units

Total:

212 Units

V