CAPTAIN’S KEY DEPENDENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING MAY 13, 2025
6:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.captainskeydd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
CAPTAIN’S KEY DEPENDENT DISTRICT
The Oaks Center 2501A Burns Road
Palm Beach Gardens, Florida 33410 REGULAR BOARD MEETING May 13, 2025
6:00 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
April 8, 2025 Regular Board Meeting	Page 2
Old Business
Discussion Regarding Road Repaving, Drainage, and other Capital Item Projects
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget	Page 5
Administrative Matters
Financial Report	Page 16
Consider Invoices	Page 20
Board Member Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LOCA 
The Gainesvil!e Sun I Tile Leclqer Daily Commercial I Ocala StarBanner News Chief I Herald-Tribune
News Herald I The Palm Beach Post
Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2024/2024 REGULAR MEETING SCHEDULE

Laura Archer
Captain's Key Dependent District 2501 Bums RD
Palm Beach Gardens FL 33410-5207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Palm Beach Post, published in Palm Beach County, Florida; that the attached copy of advertisement, being a Govt Public Notices, was published on the publicly accessible website of Palm Beach County, Florida, or in a newspaper by print in the issues of, on:

09/24/2024

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Captain's Key Community Dependent District will hold Regular Meetings at The Oaks Center at 2501A Burns Rood, Palm Beach Gardens, Florida 33410 at 6:00 p.m. on the following dates:
October 8, 2024
November 12, 2024
December 10, 2024
January 14, 2025
February 11, 2025
March 11, 2025
April 8, 2025
May 13, 2025
June 10, 2025
July 8, 2025
August 12, 2025
September 9, 2025
The purpose of the meetings is to conduct any and all business coming before the Board. Copies of the Agenda for any of the meetings may be obtained from the District's website or by contacting the District Manager at (561) 630-4922 and/er toll free at l-877-737-4922 prior to the date of the particular meeting. Said meetings may be continued from time ta time to a time and date certain as stated on !he record.
From time ta time one or two Supervisors may participate by telephone; therefore a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place.
If any person decides ta appeal any decision made with respect to onY matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or on interpreter to partici­ pate at any of these meetings should contact the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time ta time without advertised notice. CAPTAIN'S KEY DEPENDENT DISTRICT
www.captainskeydd.org No. Sept. 24, 2024

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who

n 09/24/2024

My commission expires

Publication Cost:	$255.38	
Tax Amount:	$0.00	
Payment Cost:	$255.38	
Order No:	10583908	
Customer No:	1461896	
PO#:	fiscal meeting sched	
THIS IS NOT AN INVOICE!
Please do 11ot use this form for payme11t remitta11ce.

# of Copies:
0

NANCY HEYRMAN
Notary PubIic State ot Wisconsin

Page 1 of

CAPTAIN’S KEY DEPENDENT DISTRICT REGULAR BOARD MEETING
APRIL 8, 2025

CALL TO ORDER

District Manager Jason Pierman called the April 18, 2025, Regular Board Meeting of the Captain’s Key Dependent District (the “District”) to order at 6:02 p.m. at The Oaks Center located at 2501A Burns Road, Palm Beach Gardens, Florida 33410.

PROOF OF PUBLICATION

Mr. Pierman presented proof of publication that notice of the Regular Board Meeting had been published in The Palm Beach Post on September 24, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mr. Pierman determined that the attendance of Chairman Nader Salour and Supervisors Yefry Jave and Judge Moss constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Jason Pierman of Special District Services, Inc.; and James Candela also of Special District Services, Inc.
ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
March 11, 2025, Regular Board Meeting
Mr. Pierman presented the minutes of the March 11, 2025, Regular Board Meeting for consideration.
A motion was made by Mr. Moss, seconded by Mr. Salour and passed unanimously approving the minutes of the March 11, 2025, Regular Board Meeting, as presented.

OLD BUSINESS

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

NEW BUSINESS
Discussion Regarding Road Repaving and Drainage Project

Page 1 of 3

Mr. Pierman noted that he had not yet received additional proposals for the roadwork, but that the lowest bid was $72,000. He also noted that the additional drainage was estimated at $7, 700, which he thought was too low.

Discussion Regarding Drainage Easement Pipe – Manju George

Mr. Pierman presented the revised proposal for lining of the George’s drain for $33,000, explaining that the previously approved $25,000 was not sufficient. Following discussion, a motion was made by Mr. Salour, seconded by Mr. Moss and unanimously passed approving the proposal, subject to the line being videoed prior to the installation of the lining to ensure that the lining would fix the issue.

Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget

Resolution No. 2025-01 was presented, entitled:

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CAPTAIN’S KEY DEPENDENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

Mr. Pierman presented two versions of the proposed budget, noting that the estimated cost for all of the work discussed exceeds the Reserve Fund balance. He noted that the cost of moving the camera equipment and cameras is estimated to be $14,000. That, along with the road repaving, drain lining, additional drainage, and a 10% contingency, is estimated to be $139,370. The alternate budget proposal increases assessments by $500 to offset those costs. With that increase, and exhausting the Reserve Fund balance, the project list would require utilizing a large, but manageable, portion of the Fund Balance.
Following discussion, the Board decided to wait until the next meeting to adopt a proposed budget, so the other Board Members could be consulted, and more proposals could be received.
ADMINISTRATIVE MATTERS
Financial Report
Consider Invoices
BOARD MEMBER COMMENTS
There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Mr. Salour, seconded by Mr. Moss and unanimously passed adjourning the Regular Board Meeting at 6:35 p.m.

Page 2 of 3

	
Secretary/Assistant Secretary	Chair/Vice-Chair

Page 3 of 3

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CAPTAIN’S KEY DEPENDENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Captain’s Key Dependent District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2025/2026 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CAPTAIN’S KEY DEPENDENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for 	, 2025 at 6:00 p.m. in the Oaks Center, 2501A Burns Road, Palm Beach Gardens, Florida 33410, for the purpose of receiving public comments on the Proposed Fiscal Year 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 13th day of May, 2025.

ATTEST:	CAPTAIN’S KEY
DEPENDENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Captain's Key Dependent District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

ASSESSMENT COMPARISON

DETAILED BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M ASSESSMENTS	101,500	
OTHER REVENUES	0	
INTEREST INCOME	1,440	
TOTAL REVENUES	$	102,940	
		
EXPENDITURES		
ENGINEERING	1,000	
MANAGEMENT	19,560	
SECRETARIAL	4,200	
LEGAL	2,000	
ASSESSMENT ROLL	2,500	
AUDIT FEES	3,700	
TELEPHONE/CABLE/VOIP	6,800	
POWER	800	
IRRIGATION MAINTENANCE	1,300	
LANDSCAPE MAINTENANCE	16,000	
MAJOR TRIMMING & NEW PLANTING	2,000	
GATE MAINTENANCE	11,000	
WATER SERVICE	6,850	
SECURITY CAMERA	500	
INSURANCE	7,100	
LEGAL ADVERTISING	750	
MISCELLANEOUS	200	
POSTAGE	100	
OFFICE SUPPLIES	400	
DUES & SUBSCRIPTIONS	175	
WEBSITE MANAGEMENT	1,500	
GATE ACCESS CARDS	1,000	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	140,000	
RESERVES	7,415	
		
TOTAL EXPENDITURES	$	236,850	
		
EXCESS OR (SHORTFALL)	$	(133,910)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,030)	
DISCOUNTS FOR EARLY PAYMENTS	(4,060)	
		
EXCESS/ (SHORTFALL)	$	(140,000)	
		
CARRYOVER FROM PRIOR YEAR	140,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT 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 ASSESSMENTS	101,589	101,500	101,500	Expenditures Less Interest/.94	
OTHER REVENUES	378	0	0		
INTEREST INCOME	9,024	960	1,440	Interest Estimated At $120 Per Month	
TOTAL REVENUES	$	110,991	$	102,460	$	102,940		
					
EXPENDITURES					
ENGINEERING	0	1,000	1,000	No Change From 2024/2025 Budget	
MANAGEMENT	18,468	19,020	19,560	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	1,421	2,000	2,000	No Change From 2024/2025 Budget	
ASSESSMENT ROLL	2,500	2,500	2,500	As Per Contract	
AUDIT FEES	3,900	4,000	3,700	Accepted Amount For 2024/2025 Audit	
TELEPHONE/CABLE/VOIP	7,669	6,800	6,800	No Change From 2024/2025 Budget	
POWER	767	750	800	$50 Increase From 2024/2025 Budget	
IRRIGATION MAINTENANCE	1,197	1,350	1,300	$50 Decrease From 2024/2025 Budget	
LANDSCAPE MAINTENANCE	19,121	14,500	16,000	$1,500 Increase From 2024/2025 Budget	
MAJOR TRIMMING & NEW PLANTING	0	2,000	2,000	No Change From 2024/2025 Budget	
GATE MAINTENANCE	17,922	9,000	11,000	$2,000 Increase From 2024/2025 Budget	
WATER SERVICE	6,408	5,350	6,850	$1,500 Increase From 2024/2025 Budget	
SECURITY CAMERA	0	500	500	No Change From 2024/2025 Budget	
INSURANCE	6,203	6,800	7,100	FY 2024/2025 Expenditure Was $6,608	
LEGAL ADVERTISING	780	650	750	$100 Increase From 2024/2025 Budget	
MISCELLANEOUS	0	225	200	$25 Decrease From 2024/2025 Budget	
POSTAGE	75	100	100	No Change From 2024/2025 Budget	
OFFICE SUPPLIES	362	400	400	No Change From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2024/2025 Budget	
GATE ACCESS CARDS	0	1,000	1,000	No Change From 2024/2025 Budget	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	0	0	140,000	Capital Items (Roads, Drains, Cameras)	
RESERVES	0	12,550	7,415	Reserves	
					
TOTAL EXPENDITURES	$	92,668	$	96,370	$	236,850		
					
EXCESS OR (SHORTFALL)	$	18,323	$	6,090	$	(133,910)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(729)	(2,030)	(2,030)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(3,662)	(4,060)	(4,060)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	13,932	$	-	$	(140,000)		
					
CARRYOVER FROM PRIOR YEAR	0	0	140,000	Carryover From Prior Year (Reserve Fund)	
					
NET EXCESS/ (SHORTFALL)	$	13,932	$	-	$	-		

Page 10

Captain's Key Dependent District Assessment Comparison

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

O & M For Non-Waterfront Lots	$	3,000.00	$	3,500.00	$	3,500.00	$	3,500.00	
 Loan Debt For Non-Waterfront Lots	$	-		 $	-		 $	-		$	-		
Total	$	3,000.00	$	3,500.00	$	3,500.00	$	3,500.00	

O & M For Waterfront Lots	
$	3,000.00	
$	3,500.00	
$	3,500.00	
$	3,500.00	
 Loan Debt For Waterfront Lots	$	-		 $	-		 $	-		$	-		
Total	$	3,000.00	$	3,500.00	$	3,500.00	$	3,500.00	

* Assessments Include the Following :
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Non-Waterfront Units	5
Waterfront Units Lots	24
Total Units	29

III

Captain's Key Dependent District

Alternative Budget
Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O & M ASSESSMENTS	116,001	
OTHER REVENUES	0	
INTEREST INCOME	1,440	
TOTAL REVENUES	$	117,441	
		
EXPENDITURES		
ENGINEERING	1,000	
MANAGEMENT	19,560	
SECRETARIAL	4,200	
LEGAL	2,000	
ASSESSMENT ROLL	2,500	
AUDIT FEES	3,700	
TELEPHONE/CABLE/VOIP	6,800	
POWER	800	
IRRIGATION MAINTENANCE	1,300	
LANDSCAPE MAINTENANCE	16,000	
MAJOR TRIMMING & NEW PLANTING	2,000	
GATE MAINTENANCE	11,000	
WATER SERVICE	6,850	
SECURITY CAMERA	500	
INSURANCE	7,100	
LEGAL ADVERTISING	750	
MISCELLANEOUS	200	
POSTAGE	100	
OFFICE SUPPLIES	400	
DUES & SUBSCRIPTIONS	175	
WEBSITE MANAGEMENT	1,500	
GATE ACCESS CARDS	1,000	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	140,000	
RESERVES	2,046	
		
TOTAL EXPENDITURES	$	231,481	
		
EXCESS OR (SHORTFALL)	$	(114,040)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,320)	
DISCOUNTS FOR EARLY PAYMENTS	(4,640)	
		
EXCESS/ (SHORTFALL)	$	(121,000)	
		
CARRYOVER FROM PRIOR YEAR	121,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT 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 ASSESSMENTS	101,589	101,500	116,001	Expenditures Less Interest/.94	
OTHER REVENUES	378	0	0		
INTEREST INCOME	9,024	960	1,440	Interest Estimated At $120 Per Month	
TOTAL REVENUES	$	110,991	$	102,460	$	117,441		
					
EXPENDITURES					
ENGINEERING	0	1,000	1,000	No Change From 2024/2025 Budget	
MANAGEMENT	18,468	19,020	19,560	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	1,421	2,000	2,000	No Change From 2024/2025 Budget	
ASSESSMENT ROLL	2,500	2,500	2,500	As Per Contract	
AUDIT FEES	3,900	4,000	3,700	Accepted Amount For 2024/2025 Audit	
TELEPHONE/CABLE/VOIP	7,669	6,800	6,800	No Change From 2024/2025 Budget	
POWER	767	750	800	$50 Increase From 2024/2025 Budget	
IRRIGATION MAINTENANCE	1,197	1,350	1,300	$50 Decrease From 2024/2025 Budget	
LANDSCAPE MAINTENANCE	19,121	14,500	16,000	$1,500 Increase From 2024/2025 Budget	
MAJOR TRIMMING & NEW PLANTING	0	2,000	2,000	No Change From 2024/2025 Budget	
GATE MAINTENANCE	17,922	9,000	11,000	$2,000 Increase From 2024/2025 Budget	
WATER SERVICE	6,408	5,350	6,850	$1,500 Increase From 2024/2025 Budget	
SECURITY CAMERA	0	500	500	No Change From 2024/2025 Budget	
INSURANCE	6,203	6,800	7,100	FY 2024/2025 Expenditure Was $6,608	
LEGAL ADVERTISING	780	650	750	$100 Increase From 2024/2025 Budget	
MISCELLANEOUS	0	225	200	$25 Decrease From 2024/2025 Budget	
POSTAGE	75	100	100	No Change From 2024/2025 Budget	
OFFICE SUPPLIES	362	400	400	No Change From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2024/2025 Budget	
GATE ACCESS CARDS	0	1,000	1,000	No Change From 2024/2025 Budget	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	0	0	140,000	Capital Items (Roads, Drains, Cameras)	
RESERVES	0	12,550	2,046	Reserves	
					
TOTAL EXPENDITURES	$	92,668	$	96,370	$	231,481		
					
EXCESS OR (SHORTFALL)	$	18,323	$	6,090	$	(114,040)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(729)	(2,030)	(2,320)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(3,662)	(4,060)	(4,640)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	13,932	$	-	$	(121,000)		
					
CARRYOVER FROM PRIOR YEAR	0	0	121,000	Carryover From Prior Year (Reserve Fund)	
					
NET EXCESS/ (SHORTFALL)	$	13,932	$	-	$	-		

Page 15

Captain's Key Dependent District Assessment Comparison

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

O & M For Non-Waterfront Lots	$	3,000.00	$	3,500.00	$	3,500.00	$	4,000.00	
 Loan Debt For Non-Waterfront Lots	$	-		 $	-		 $	-		$	-		
Total	$	3,000.00	$	3,500.00	$	3,500.00	$	4,000.00	

O & M For Waterfront Lots	
$	3,000.00	
$	3,500.00	
$	3,500.00	
$	4,000.00	
 Loan Debt For Waterfront Lots	$	-		 $	-		 $	-		$	-		
Total	$	3,000.00	$	3,500.00	$	3,500.00	$	4,000.00	

* Assessments Include the Following :
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Non-Waterfront Units	5
Waterfront Units Lots	24
Total Units	29

III

Captain's Key Dependent District

Financial Report For April 2025

Captain's Key Dependent District
Budget vs. Actual
October 2024 through April 2025

	Oct 24 - April 25	24/25 Budget	$ Over Budget	% of Budget	
Income									
363.100	O & M Assessments	98,000.00	101,500.00	-3,500.00	96.55%	
363.830	Assessment Fees	-1,305.46	-2,030.00	724.54	64.31%	
363.831	Assessment Discounts	-3,453.77	-4,060.00	606.23	85.07%	
369.400	Other Revenue	80.00	0.00	80.00	100.0%	
369.401	Interest Income	3,022.32	960.00	2,062.32	314.83%	
Total Income	96,343.09		96,370.00		-26.91		99.97%	
Expense						
511.310	Engineering	0.00	1,000.00	-1,000.00	0.0%	
511.311	Management Fees	11,095.00	19,020.00	-7,925.00	58.33%	
511.312	Secretarial Fees	2,450.00	4,200.00	-1,750.00	58.33%	
511.315	Legal Fees	0.00	2,000.00	-2,000.00	0.0%	
511.318	Assessment/Tax Roll	0.00	2,500.00	-2,500.00	0.0%	
511.320	Audit Fees	0.00	4,000.00	-4,000.00	0.0%	
511.410	Telephone/Cable	4,834.97	6,800.00	-1,965.03	71.1%	
511.431	Power	450.47	750.00	-299.53	60.06%	
511.432	Irrigation Maintenance	876.00	1,350.00	-474.00	64.89%	
511.433	Landscaping Maintenance	9,450.00	14,500.00	-5,050.00	65.17%	
511.435	Gate Maintenance	8,337.60	9,000.00	-662.40	92.64%	
511.437	Water Service	2,473.53	5,350.00	-2,876.47	46.23%	
511.439	Gate Access Cards	985.00	1,000.00	-15.00	98.5%	
511.440	Security Camera	0.00	500.00	-500.00	0.0%	
511.450	Insurance	6,608.00	6,800.00	-192.00	97.18%	
511.480	Legal Advertisements	329.54	650.00	-320.46	50.7%	
511.512	Miscellaneous	0.00	225.00	-225.00	0.0%	
511.513	Postage and Delivery	2.76	100.00	-97.24	2.76%	
511.514	Office Supplies	230.45	400.00	-169.55	57.61%	
511.540	Dues, License & Subscriptions	175.00	175.00	0.00	100.0%	
511.750	Website Management	875.00	1,500.00	-625.00	58.33%	
512.513	Major Trimming & New Planting	0.00	2,000.00	-2,000.00	0.0%	
513.001	Reserves	0.00	12,550.00	-12,550.00	0.0%	
Total Expense	49,173.32		96,370.00		-47,196.68		51.03%	
Net Income			47,169.77			0.00			47,169.77			100.0%	

CAPTAIN'S KEY DEPENDENT 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 ASSESSMENTS	101,500	5,283	98,000	
OTHER REVENUES	0	30	80	
INTEREST INCOME	960	0	3,022	
REVENUES	$	102,460	$	5,313	$	101,102	
				
EXPENDITURES				
ENGINEERING	1,000	0	0	
MANAGEMENT	19,020	1,585	11,095	
SECRETARIAL	4,200	350	2,450	
LEGAL	2,000	0	0	
ASSESSMENT ROLL	2,500	0	0	
AUDIT FEES	4,000	0	0	
TELEPHONE/CABLE	6,800	663	4,835	
POWER	750	66	450	
IRRIGATION MAINTENANCE	1,350	0	876	
LANDSCAPE MAINTENANCE	14,500	1,350	9,450	
MAJOR TRIMMING & NEW PLANTING	2,000	0	0	
GATE MAINTENANCE	9,000	0	8,338	
WATER SERVICE	5,350	408	2,473	
SECURITY CAMERA	500	0	0	
INSURANCE	6,800	0	6,608	
LEGAL ADVERTISING	650	0	330	
MISCELLANEOUS	225	0	0	
POSTAGE	100	0	3	
OFFICE SUPPLIES	400	56	230	
DUES & SUBSCRIPTIONS	175	0	175	
GATE ACCESS CARDS	1,000	0	985	
WEBSITE MANAGEMENT	1,500	125	875	
RESERVES (MISCELLANEOUS MAINTENANCE-DRAINAGE)	12,550	0	0	
				
TOTAL EXPENDITURES	$	96,370	$	4,603	$	49,173	
				
EXCESS OR (SHORTFALL)	$	6,090	$	710	$	51,929	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,030)	(53)	(1,305)	
DISCOUNTS FOR EARLY PAYMENTS	(4,060)	0	(3,454)	
				
NET EXCESS/ (SHORTFALL)	$	-	$	657	$	47,170	

Bank Balance As Of 4/30/25	$	251,010.72	
Accounts Payable As Of 4/30/25	$	4,904.35	
Accounts Receivable As Of 4/30/25	$	1,227.12	
Reserve Funds As Of 4/30/25	$	106,260.00	
Available Funds As Of 4/30/25	$	141,073.49	

Page 19

Captain's Key Dependent District Balance Sheet
As of April 30, 2025

Operating Fund	General Fixed Assets Fund	Long Term Debt Fund	TOTAL
ASSETS
Current Assets
Checking/Savings Bank Account	
251,010.72		
0.00		
0.00		
251,010.72	
Total Checking/Savings	251,010.72		0.00		0.00		251,010.72	
Total Current Assets	251,010.72		0.00		0.00		251,010.72	
Other Assets								
Accounts Receivable	1,227.12		0.00		0.00		1,227.12	
Roadways	0.00		67,400.00		0.00		67,400.00	
Gate System	0.00		164,326.00		0.00		164,326.00	
Gate System Improvements	0.00		36,577.00		0.00		36,577.00	
Depreciation - Roadways	0.00		-39,322.00		0.00		-39,322.00	
Depreciation - Gate System	0.00		-171,640.00		0.00		-171,640.00	
Amount To Be Provided	0.00		0.00		0.00		0.00	
Total Other Assets	1,227.12		57,341.00		0.00		58,568.12	
TOTAL ASSETS	252,237.84		57,341.00		0.00		309,578.84	
LIABILITIES & EQUITY								
Liabilities

Accounts Payable	4,904.35		0.00		0.00		4,904.35	
Total Accounts Payable	4,904.35		0.00		0.00		4,904.35	
Total Current Liabilities	4,904.35		0.00		0.00		4,904.35	
Long Term Liabilities
Due To Captain's Key HOA	
0.00		
0.00		
0.00		
0.00	
Total Long Term Liabilities	0.00		0.00		0.00		0.00	
Total Liabilities	4,904.35		0.00		0.00		4,904.35	
Equity								
Retained Earnings	93,903.72		-210,962.00		0.00		-117,058.28	
Net Income	47,169.77		0.00		0.00		47,169.77	
Reserve Funds	106,260.00		0.00		0.00		106,260.00	
Current Year Depreciation	0.00		0.00		0.00		0.00	
Investment In Gen Fixed Assests	0.00		268,303.00		0.00		268,303.00	
Total Equity	247,333.49		57,341.00		0.00		304,674.49	
TOTAL LIABILITIES & EQUITY	252,237.84		57,341.00		0.00		309,578.84	

Current Liabilities Accounts Payable

9:42 AM
05/06/25
Accrual Basis

101.125 ꞏ CSB # 6006

Total 101.125 ꞏ CSB # 6006
TOTAL

Captain's Key Dependent District
Check Register
As of May 6, 2025

Date	Num	Name	Memo	Credit

04/01/2025	Comcast	298.35	
04/01/2025	Dorothy Jacks Property Appraiser	150.00	
04/01/2025	FPL	62.13	
04/01/2025	Frontsteps	364.65	
04/01/2025	Seacoast	189.85	
04/01/2025	Sixberry	143.75	
04/01/2025	SDS	2,111.90	
04/01/2025	Surf Landscape	1,350.00	
04/01/2025	Victory Access	317.60	
05/01/2025	Comcast	298.35	
05/01/2025	FPL	65.90	
05/01/2025	Frontsteps	364.65	
05/01/2025	Greentone	301.00	
05/01/2025	Seacoast	408.05	
05/01/2025	SDS	2,116.40	
05/01/2025	Surf Landscape	1,350.00	
		9,892.58	
		9,892.58	

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