CAPTAIN’S KEY DEPENDENT DISTRICT

PALM BEACH COUNTY Regular Board Meeting & Public Hearing August 12, 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 & PUBLIC HEARING
August 12, 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
June 10, 2025 Regular Board Meeting…	Page 2
Public Hearing
Proof of Publication…	Page 4
Receive Public Comments on Fiscal Year 2025/2026 Final Budget
Consider Resolution No. 2025-02 – Adopting a Fiscal Year 2025/2026 Final Budget…	Page 5
Old Business
Discussion Regarding Road Repaving, Drainage, and other Capital Item Projects
New Business
Discussion Regarding Painting Pole and Lights
Consider Resolution No. 2025-03 – Adopting a Fiscal Year 2025/2026 Meeting Schedule… Page 11
Administrative Matters
Financial Report…	Page 13
Consider Invoices…	Page 17
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 1

CAPTAIN’S KEY DEPENDENT DISTRICT REGULAR BOARD MEETING
JUNE 10, 2025

CALL TO ORDER

District Manager Jason Pierman called the June 10, 2025, Regular Board Meeting of the Captain’s Key Dependent District (the “District”) to order at 6:03 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 Russell Jones, Vice Chairman Judge Moss and Supervisor Nader Salour 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.
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
May 13 2025, Regular Board Meeting
Mr. Pierman presented the minutes of the May 13, 2025, Regular Board Meeting for consideration.
A motion was made by Mr. Salour, seconded by Mr. Jones and passed unanimously approving the minutes of the May 13, 2025, Regular Board Meeting, as presented.
OLD BUSINESS
Discussion Regarding Road Repaving, Drainage and Other Capital Item Projects

Mr. Pierman advised that he was waiting for Shenandoah to schedule the drain lining near the George’s property.

NEW BUSINESS
Consider Proposal for Tree Trimming

Page 1 of 2

Mr. Pierman presented three proposals for tree trimming that Ms. Jones had sourced for the District. Following discussion, the Board selected Dixie Trees and authorized staff to schedule the work.

A motion was made by Mr. Salour, seconded by Mr. Jones and passed unanimously awarding the tree trimming project to Dixie Trees and authorizing staff to schedule the work.

Consider Paving Proposal

Mr. Pierman explained that he had met with the paver and engineer onsite a few weeks ago and just received the revised proposal this afternoon. He asked the Board to review it for discussion at the next meeting. Following discussion, the Board suggested getting proposals from a landscaper for the swale work, asked for a cost to just regrade the cul-de-sac, and also asked if a valley gutter was really necessary.

ADMINISTRATIVE MATTERS
Financial Report

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. Jones, seconded by Mr. Moss and unanimously passed adjourning the Regular Board Meeting at 6:20 p.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 2 of 2

Publication Date 2025-07-30

Subcategory Miscellaneous Notices

Notice of Public Hearing and Regular Board Meeting of the Captains Key Dependent District
The Board of Supervisors (the Board) of the Captains Key Dependent District (the District) will hold a Public Hearing and Regular Board Meeting on August 12, 2025, at 6:00 p.m., or as soon thereafter as can be heard, at The Oaks Center located at 2501A Burns Road, Palm Beach Gardens, Florida 33410.
The purpose of the Public Hearing is to receive public comment on the Fiscal Year 2025/2026 Proposed Final Budget of the Captains Key Dependent District. A copy of the Budget and/or the Agenda may be obtained from the Districts website (www.captainskeydd.org) or at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida, during normal business hours. The purpose of the Regular Board Meeting is for the Board to consider any other business which may properly come before it. The meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Meetings may be continued as found necessary to a time and place specified on the record.
There may be occasions when one or more Supervisors will 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.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at 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 meetings. If any person decides to appeal any decision made with respect to any matter considered at this Public Hearing and Regular Board Meeting, 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 their own expense and which record includes the testimony and evidence on which the appeal is based.
Meetings may be cancelled from time to time without advertised notice.
Captains Key Dependent District www.captainskeydd.org
7/23, 7/30/25 #11499935

RESOLUTION NO. 2025-02

A RESOLUTION OF THE CAPTAIN’S KEY DEPENDENT DISTRICT ADOPTING A FISCAL YEAR 2025/2026 BUDGET.

WHEREAS, the Captain’s Key Dependent District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2025/2026 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non ad-valorem assessments upon the properties within the District.

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

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2025/2026 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.
PASSED, ADOPTED and EFFECTIVE this 12th day of August, 2025.

ATTEST:	CAPTAIN’S KEY
DEPENDENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Captain's Key Dependent District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

ASSESSMENT COMPARISON

FINAL 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	130,500	
OTHER REVENUES	0	
INTEREST INCOME	1,440	
TOTAL REVENUES	$	131,940	
		
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)	153,650	
RESERVES	2,025	
		
TOTAL EXPENDITURES	$	245,110	
		
EXCESS OR (SHORTFALL)	$	(113,170)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,610)	
DISCOUNTS FOR EARLY PAYMENTS	(5,220)	
		
EXCESS/ (SHORTFALL)	$	(121,000)	
		
CARRYOVER FROM PRIOR YEAR	121,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL 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	130,500	Expenditures Less Interest & Carryover/.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	$	131,940		
					
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	153,650	Capital Items (Roads, Drains, Cameras)	
RESERVES	0	12,550	2,025	Reserves	
					
TOTAL EXPENDITURES	$	92,668	$	96,370	$	245,110		
					
EXCESS OR (SHORTFALL)	$	18,323	$	6,090	$	(113,170)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(729)	(2,030)	(2,610)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(3,662)	(4,060)	(5,220)	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 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	$	4,500.00	
 Loan Debt For Non-Waterfront Lots	$	-		 $	-		 $	-		$	-		
Total	$	3,000.00	$	3,500.00	$	3,500.00	$	4,500.00	

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

* 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

RESOLUTION NO. 2025-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CAPTAIN’S KEY DEPENDENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2025/2026 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Captain’s Key Dependent District ("District") to establish a regular meeting schedule for fiscal year 2025/2026; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2025/2026 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CAPTAIN’S KEY DEPENDENT DISTRICT, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2025/2026 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.
PASSED, ADOPTED and EFFECTIVE this 12th day of August, 2025.

ATTEST:	CAPTAIN’S KEY
DEPENDENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

CAPTAIN’S KEY DEPENDENT DISTRICT
FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE

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 Road, Palm Beach Gardens, Florida 33410 at 6:00 p.m. on the following dates:

October 14, 2025
**November 11, 2025** (Veterans Day) December 9, 2025
January 13, 2026
February 10, 2026
March 10, 2026
April 14, 2026
May 12, 2026
June 9, 2026
July 14, 2026
August 11, 2026
September 8, 2026

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/or toll free at 1-877-737-4922 prior to the date of the particular meeting. Said meetings may be continued from time to time to a time and date certain as stated on the record.
From time to 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 to appeal any decision made with respect to any 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 an interpreter to participate 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 to time without advertised notice.

CAPTAIN’S KEY DEPENDENT DISTRICT

www.captainskeydd.org PUBLISH: PALM BEACH POST

Captain's Key Dependent District

Financial Report For July 2025

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

	Oct 24 - July 25	24/25 Budget	$ Over Budget	% of Budget	
Income									
363.100	O & M Assessments	101,746.46	101,500.00	246.46	100.24%	
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	3,659.81	960.00	2,699.81	381.23%	
Total Income	100,727.04		96,370.00		4,357.04		104.52%	
Expense						
511.310	Engineering	3,380.00	1,000.00	2,380.00	338.0%	
511.311	Management Fees	15,850.00	19,020.00	-3,170.00	83.33%	
511.312	Secretarial Fees	3,500.00	4,200.00	-700.00	83.33%	
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	3,600.00	4,000.00	-400.00	90.0%	
511.410	Telephone/Cable	6,823.97	6,800.00	23.97	100.35%	
511.431	Power	637.55	750.00	-112.45	85.01%	
511.432	Irrigation Maintenance	1,376.00	1,350.00	26.00	101.93%	
511.433	Landscaping Maintenance	13,500.00	14,500.00	-1,000.00	93.1%	
511.435	Gate Maintenance	11,697.29	9,000.00	2,697.29	129.97%	
511.437	Water Service	3,635.47	5,350.00	-1,714.53	67.95%	
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	18.18	100.00	-81.82	18.18%	
511.514	Office Supplies	370.40	400.00	-29.60	92.6%	
511.540	Dues, License & Subscriptions	175.00	175.00	0.00	100.0%	
511.750	Website Management	1,250.00	1,500.00	-250.00	83.33%	
512.513	Major Trimming & New Planting	1,360.00	2,000.00	-640.00	68.0%	
513.001	Reserves	0.00	12,550.00	-12,550.00	0.0%	
Total Expense	75,096.40		96,370.00		-21,273.60		77.93%	
Net Income			25,630.64			0.00			25,630.64			100.0%	

CAPTAIN'S KEY DEPENDENT DISTRICT MONTHLY FINANCIAL REPORT
JULY 2025

REVENUES	
Annual Budget
10/1/24- 9/30/25	

Actual Jul-25	Year To Date Actual
10/1/24 - 7/31/25	
O & M ASSESSMENTS	101,500	3,605	101,746	
OTHER REVENUES	0	0	80	
INTEREST INCOME	960	0	3,660	
REVENUES	$	102,460	$	3,605	$	105,486	
				
EXPENDITURES				
ENGINEERING	1,000	0	3,380	
MANAGEMENT	19,020	1,585	15,850	
SECRETARIAL	4,200	350	3,500	
LEGAL	2,000	0	0	
ASSESSMENT ROLL	2,500	0	0	
AUDIT FEES	4,000	0	3,600	
TELEPHONE/CABLE	6,800	663	6,824	
POWER	750	64	638	
IRRIGATION MAINTENANCE	1,350	125	1,376	
LANDSCAPE MAINTENANCE	14,500	1,350	13,500	
MAJOR TRIMMING & NEW PLANTING	2,000	1,360	1,360	
GATE MAINTENANCE	9,000	465	11,697	
WATER SERVICE	5,350	467	3,635	
SECURITY CAMERA	500	0	0	
INSURANCE	6,800	0	6,608	
LEGAL ADVERTISING	650	0	330	
MISCELLANEOUS	225	0	0	
POSTAGE	100	0	18	
OFFICE SUPPLIES	400	26	370	
DUES & SUBSCRIPTIONS	175	0	175	
GATE ACCESS CARDS	1,000	0	985	
WEBSITE MANAGEMENT	1,500	125	1,250	
RESERVES (MISCELLANEOUS MAINTENANCE-DRAINAGE)	12,550	0	0	
				
TOTAL EXPENDITURES	$	96,370	$	6,580	$	75,096	
				
EXCESS OR (SHORTFALL)	$	6,090	$	(2,975)	$	30,390	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,030)	0	(1,305)	
DISCOUNTS FOR EARLY PAYMENTS	(4,060)	0	(3,454)	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(2,975)	$	25,631	

Bank Balance As Of 7/31/25	$	232,272.05	
Accounts Payable As Of 7/31/25	$	7,704.81	
Accounts Receivable As Of 7/31/25	$	1,227.12	
Reserve Funds As Of 7/31/25	$	106,260.00	
Available Funds As Of 7/31/25	$	119,534.36	

Page 16

Captain's Key Dependent District Balance Sheet
As of July 31, 2025

Operating Fund	General Fixed Assets Fund	Long Term Debt Fund	TOTAL
ASSETS
Current Assets
Checking/Savings Bank Account	
232,272.05		
0.00		
0.00		
232,272.05	
Total Checking/Savings	232,272.05		0.00		0.00		232,272.05	
Total Current Assets	232,272.05		0.00		0.00		232,272.05	
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		-41,569.00		0.00		-41,569.00	
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		55,094.00		0.00		56,321.12	
TOTAL ASSETS	233,499.17		55,094.00		0.00		288,593.17	
LIABILITIES & EQUITY								
Liabilities

Accounts Payable	7,704.81		0.00		0.00		7,704.81	
Total Accounts Payable	7,704.81		0.00		0.00		7,704.81	
Total Current Liabilities	7,704.81		0.00		0.00		7,704.81	
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	7,704.81		0.00		0.00		7,704.81	
Equity								
Retained Earnings	93,903.72		-213,209.00		0.00		-119,305.28	
Net Income	25,630.64		0.00		0.00		25,630.64	
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	225,794.36		55,094.00		0.00		280,888.36	
TOTAL LIABILITIES & EQUITY	233,499.17		55,094.00		0.00		288,593.17	

Current Liabilities Accounts Payable

12:52 PM
08/04/25
Accrual Basis

Captain's Key Dependent District Check Register
As of August 4, 2025

	Date		Num		Name		Memo		Credit	
101.125 ꞏ CSB # 6006										
	07/02/2025						Comcast		298.35	
	07/02/2025						FPL		60.26	
	07/02/2025						Frontsteps		364.65	
	07/02/2025						Greentone Irrigation		125.00	
	07/02/2025						Higgins Engineering		2,255.00	
	07/02/2025						Seacoast		332.48	
	07/02/2025						SDS		2,132.57	
	07/02/2025						Surf Landscape		1,350.00	
	07/02/2025						Victory		1,983.96	
	08/01/2025						Seacoast		466.65	
	08/04/2025						Comcast		298.35	
	08/04/2025						Dixie Tree Services		1,360.00	
	08/04/2025						FPL		63.61	
	08/04/2025						Frontsteps		364.65	
	08/04/2025						Greentone Irrigation		125.00	
	08/04/2025						Higgins Engineering		1,125.00	
	08/04/2025						SDS		2,086.25	
	08/04/2025						Surf Landscape		1,350.00	
	08/04/2025						Victory		465.30	
Total 101.125 ꞏ CSB # 6006									16,607.08	
TOTAL									16,607.08	

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