CAPTAIN’S KEY DEPENDENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING JUNE 9, 2026
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 June 9, 2026
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
February 10, 2026 Regular Board Meeting…	Page 2
Old Business
Update on POA Maintenance Agreement
New Business
Consider Resolution No. 2026-01 – Adopting a Fiscal Year 2026/2027 Proposed Budget…	Page 4
Administrative Matters
Financial Report…	Page 10
Consider Invoices…	Page 14
Board Member Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LOCALiQ
The Gainesville Sun I The Ledger 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

Laura Archer 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 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:

WPB Palm Beach Post	10/03/2025 WPB palmbeachpost.com 10/03/2025

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 is personally known to me, on 10/03/2025

Legal�A-=

Notary, Stam�un�own
	q..-�- L--°7	

Publication Cost:	$224.48	
Tax Amount:	$0.00	
Payment Cost:	$224.48	
Order No:	11699234	
Customer No:	1461896	
PO#:		

My commission expires

# of Copies:
1

THIS IS NOT AN INVOICE!
Please do 1101 use t/ris form for payme11t remilla11ce.

FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the
Board of Supervisors of the Captain's Key Community Depen-dent 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 13, 2025
December 9, 2025
January 13, 2026
February 1O, 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-BH-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 Supervi-sors 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 meet-ings, 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 testi-mony 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 meet· ings 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.captalnskeydd.org
October 3,2025 11699234

KONGMENG YANG
Notary Public State of Wisconsin

Page 1 of 1

CAPTAIN’S KEY DEPENDENT DISTRICT REGULAR BOARD MEETING FEBRUARY 10, 2026

CALL TO ORDER

District Manager Jason Pierman called the February 10, 2026, Regular Board Meeting of the Captain’s Key Dependent District (the “District”) to order at 6:00 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 October 3, 2025, as part of the District’s Fiscal Year 2025/2026 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Mr. Pierman determined that the attendance of Chairman Russell Jones, Vice Chairman Judge Moss and Supervisor and Nader Salour constituted a quorum and it was in order to proceed with the meeting.

Also in attendance were: District Managers Jason Pierman and James Candela of Special District Services, Inc.
Also present was District resident, Dwight Wilson

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
December 9, 2025, Regular Board Meeting
Mr. Pierman presented the minutes of the December 9, 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 December 9, 2025, Regular Board Meeting, as presented.

OLD BUSINESS
Update on POA Maintenance Agreement

Page 1 of 2

Mr. Salour noted that the POA was working through an issue with the COI and indemnification requirements, and that the next POA meeting was March 31st, so the agreement would likely begin in May.

NEW BUSINESS
Consider All County Brick Paving Proposal

Mr. Pierman presented the All County proposal to raise and replace the bricks at the Noga’s swale driveway, which includes a change order for the concrete apron on the corner of Oyster Road that was excluded from the final proposal. He also noted that he had received a proposal to hydraulicly lift the driveway. Following discussion, a motion was made by Mr. Salour, seconded by Mr. Jones and unanimously passed accepting the proposal from All County, subject to them finding bricks that would match with the Noga’s approval.

ADMINISTRATIVE MATTERS
Financial Report
Consider Invoices

BOARD MEMBER COMMENTS

Mr. Pierman noted that the next meeting was scheduled for May 12, 2026.
ADJOURNMENT
There being no further business to come before the Board, a motion was made by Mr. Salour, seconded by Mr. Jones and unanimously passed adjourning the Regular Board Meeting at 6:41 p.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 2 of 2

RESOLUTION NO. 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CAPTAIN’S KEY DEPENDENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027; 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 2026/2027 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 2026/2027 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for September 9, 2026 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 2026/2027 Budget.

PASSED, ADOPTED and EFFECTIVE this 9th day of June, 2026.

ATTEST:	CAPTAIN’S KEY
DEPENDENT DISTRICT

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

Captain's Key Dependent District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2026/2027
BUDGET	
O & M ASSESSMENTS	130,500	
OTHER REVENUES	0	
INTEREST INCOME	1,440	
TOTAL REVENUES	$	131,940	
		
EXPENDITURES		
ENGINEERING	1,000	
MANAGEMENT	20,088	
SECRETARIAL	4,200	
LEGAL	2,000	
ASSESSMENT ROLL	2,500	
AUDIT FEES	3,800	
TELEPHONE/CABLE/VOIP	8,800	
POWER	800	
IRRIGATION MAINTENANCE	1,800	
LANDSCAPE MAINTENANCE	17,500	
MAJOR TRIMMING & NEW PLANTING	2,000	
GATE MAINTENANCE	16,000	
WATER SERVICE	6,850	
SECURITY CAMERA	500	
INSURANCE	7,500	
LEGAL ADVERTISING	750	
MISCELLANEOUS	175	
POSTAGE	100	
OFFICE SUPPLIES	400	
DUES & SUBSCRIPTIONS	175	
WEBSITE MANAGEMENT	1,500	
GATE ACCESS CARDS	1,000	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	0	
RESERVES	24,672	
		
TOTAL EXPENDITURES	$	124,110	
		
EXCESS OR (SHORTFALL)	$	7,830	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,610)	
DISCOUNTS FOR EARLY PAYMENTS	(5,220)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

REVENUES	
FISCAL YEAR 2024/2025
ACTUAL	
FISCAL YEAR 2025/2026
BUDGET	
FISCAL YEAR 2026/2027
BUDGET	

COMMENTS	
O & M ASSESSMENTS	101,755	130,500	130,500	Expenditures Less Interest & Carryover/.94	
OTHER REVENUES	80	0	0		
INTEREST INCOME	8,338	1,440	1,440	Interest Estimated At $120 Per Month	
TOTAL REVENUES	$	110,173	$	131,940	$	131,940		
					
EXPENDITURES					
ENGINEERING	3,380	1,000	1,000	No Change From 2025/2026 Budget	
MANAGEMENT	19,020	19,560	20,088	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2025/2026 Budget	
LEGAL	0	2,000	2,000	No Change From 2025/2026 Budget	
ASSESSMENT ROLL	2,500	2,500	2,500	As Per Contract	
AUDIT FEES	3,600	3,700	3,800	Accepted Amount For 2025/2026 Audit	
TELEPHONE/CABLE/VOIP	8,150	6,800	8,800	$2,000 Increase From 2025/2026 Budget	
POWER	764	800	800	No Change From 2025/2026 Budget	
IRRIGATION MAINTENANCE	1,376	1,300	1,800	$500 Increase From 2025/2026 Budget	
LANDSCAPE MAINTENANCE	16,200	16,000	17,500	$1,500 Increase From 2025/2026 Budget	
MAJOR TRIMMING & NEW PLANTING	1,360	2,000	2,000	No Change From 2025/2026 Budget	
GATE MAINTENANCE	21,376	11,000	16,000	$5,000 Increase From 2025/2026 Budget	
WATER SERVICE	4,439	6,850	6,850	No Change From 2025/2026 Budget	
SECURITY CAMERA	0	500	500	No Change From 2025/2026 Budget	
INSURANCE	6,608	7,100	7,500	FY 2025/2026 Expenditure Was $6,881	
LEGAL ADVERTISING	764	750	750	No Change From 2025/2026 Budget	
MISCELLANEOUS	0	200	175	$25 Decrease From 2025/2026 Budget	
POSTAGE	60	100	100	No Change From 2025/2026 Budget	
OFFICE SUPPLIES	496	400	400	No Change From 2025/2026 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2025/2026 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2025/2026 Budget	
GATE ACCESS CARDS	985	1,000	1,000	No Change From 2025/2026 Budget	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	0	153,650	0	FY 2025/2026 Expenditure	
RESERVES	4,250	2,025	24,672	Reserves	
					
TOTAL EXPENDITURES	$	101,203	$	245,110	$	124,110		
					
EXCESS OR (SHORTFALL)	$	8,970	$	(113,170)	$	7,830		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	0	(2,610)	(2,610)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	0	(5,220)	(5,220)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	8,970	$	(121,000)	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	121,000	0	Carryover From Prior Year (Reserve Fund)	
					
NET EXCESS/ (SHORTFALL)	$	8,970	$	-	$	-		

Captain's Key Dependent District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2023/2024	2024/2025	2025/2026	2026/2027	
Assessment	Assessment	Assessment	Projected Assessment	
 Before Discount* 	 Before Discount* 	 Before Discount* 		Before Discount*		

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

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

Captain's Key Dependent District

Financial Report For April 2026

Captain's Key Dependent District
Budget vs. Actual
October 2025 - April 2026

	Oct 25 - Apr 26	25/26 Budget	$ Over Budget	% of Budget	
Income						
363.100	O & M Assessments	118,956.41	130,500.00	-11,543.59	91.15%	
363.830	Assessment Fees	-1,504.90	-2,610.00	1,105.10	57.66%	
363.831	Assessment Discounts	-4,466.75	-5,220.00	753.25	85.57%	
369.400	Other Revenue	0.00	0.00	0.00	0.0%	
369.989 • Carryover From Prior Year Reserve Funds	0.00	121,000.00	-121,000.00	0.0%	
369.401	Interest Income	1,955.13	1,440.00	515.13	135.77%	
Total Income	114,939.89	245,110.00	-130,170.11	46.89%	
Expense						
511.310	Engineering	0.00	1,000.00	-1,000.00	0.0%	
511.311	Management Fees	11,410.00	19,560.00	-8,150.00	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	3,700.00	-3,700.00	0.0%	
511.410	Telephone/Cable	5,069.17	6,800.00	-1,730.83	74.55%	
511.431	Power	473.44	800.00	-326.56	59.18%	
511.432	Irrigation Maintenance	2,894.00	1,300.00	1,594.00	222.62%	
511.433	Landscaping Maintenance	10,975.88	16,000.00	-5,024.12	68.6%	
511.435	Gate Maintenance	9,135.82	11,000.00	-1,864.18	83.05%	
511.437	Water Service	1,809.69	6,850.00	-5,040.31	26.42%	
511.439	Gate Access Cards	0.00	1,000.00	-1,000.00	0.0%	
511.440	Security Camera	0.00	500.00	-500.00	0.0%	
511.450	Insurance	6,881.00	7,100.00	-219.00	96.92%	
511.480	Legal Advertisements	224.48	750.00	-525.52	29.93%	
511.512	Miscellaneous	0.00	200.00	-200.00	0.0%	
511.513	Postage and Delivery	8.00	100.00	-92.00	8.0%	
511.514	Office Supplies	238.75	400.00	-161.25	59.69%	
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%	
511.441	Capital Items (Roads, Drains, Etc.)	170,624.89	153,650.00	16,974.89	111.05%	
512.513	Major Trimming & New Planting	0.00	2,000.00	-2,000.00	0.0%	
513.001	Reserves	0.00	2,025.00	-2,025.00	0.0%	
Total Expense	223,245.12	245,110.00	-21,864.88	91.08%	
Net Income		-108,305.23		0.00		-108,305.23		100.0%	

CAPTAIN'S KEY DEPENDENT DISTRICT MONTHLY FINANCIAL REPORT
APRIL 2026

REVENUES	
Annual Budget
10/1/25- 9/30/26	

Actual Apr-26	Year To Date Actual
10/1/25 - 4/30/26	
O & M ASSESSMENTS	130,500	0	118,956	
OTHER REVENUES	0	0	0	
INTEREST INCOME	1,440	0	1,955	
REVENUES	$	131,940	$	-	$	120,911	
				
EXPENDITURES				
ENGINEERING	1,000	0	0	
MANAGEMENT	19,560	1,630	11,410	
SECRETARIAL	4,200	350	2,450	
LEGAL	2,000	0	0	
ASSESSMENT ROLL	2,500	0	0	
AUDIT FEES	3,700	0	0	
TELEPHONE/CABLE	6,800	681	5,069	
POWER	800	64	473	
IRRIGATION MAINTENANCE	1,300	0	2,894	
LANDSCAPE MAINTENANCE	16,000	1,350	10,976	
MAJOR TRIMMING & NEW PLANTING	2,000	0	0	
GATE MAINTENANCE	11,000	0	9,136	
WATER SERVICE	6,850	267	1,809	
SECURITY CAMERA	500	0	0	
INSURANCE	7,100	0	6,881	
LEGAL ADVERTISING	750	0	224	
MISCELLANEOUS	200	0	0	
POSTAGE	100	8	8	
OFFICE SUPPLIES	400	0	239	
DUES & SUBSCRIPTIONS	175	0	175	
GATE ACCESS CARDS	1,500	0	0	
WEBSITE MANAGEMENT	1,000	125	875	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	153,650	21,265	170,625	
RESERVES	2,025	0	0	
				
TOTAL EXPENDITURES	$	245,110	$	25,740	$	223,244	
				
EXCESS OR (SHORTFALL)	$	(113,170)	$	(25,740)	$	(102,333)	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,610)	0	(1,505)	
DISCOUNTS FOR EARLY PAYMENTS	(5,220)	0	(4,467)	
				
EXCESS/ (SHORTFALL)	$	(121,000)	$	(25,740)	$	(108,305)	
				
CARRYOVER FROM PRIOR YEAR RESERVE FUNDS	121,000	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(25,740)	$	(108,305)	

Bank Balance As Of 4/30/26	$	121,426.84	
Accounts Payable As Of 4/30/26	$	25,975.12	
Accounts Receivable As Of 4/30/26	$	1,227.12	
Reserve Funds As Of 4/30/26	$	-	
Available Funds As Of 4/30/26	$	96,678.84	

Captain's Key Dependent District Balance Sheet
As of April 30, 2026

Operating Fund	General Fixed Assets Fund	Long Term Debt Fund	TOTAL
ASSETS
Current Assets
Checking/Savings
Bank Account	
121,426.84		
0.00		
0.00		
121,426.84	
Total Checking/Savings	121,426.84		0.00		0.00		121,426.84	
Total Current Assets	121,426.84		0.00		0.00		121,426.84	
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		-43,816.00		0.00		-43,816.00	
Depreciation - Gate System	0.00		-174,078.00		0.00		-174,078.00	
Amount To Be Provided	0.00		0.00		0.00		0.00	
Total Other Assets	1,227.12		50,409.00		0.00		51,636.12	
TOTAL ASSETS	122,653.96		50,409.00		0.00		173,062.96	
LIABILITIES & EQUITY								
Liabilities
Current Liabilities Accounts Payable
Accounts Payable	25,975.12		0.00		0.00		25,975.12	
Total Accounts Payable	25,975.12		0.00		0.00		25,975.12	
Total Current Liabilities	25,975.12		0.00		0.00		25,975.12	
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	25,975.12		0.00		0.00		25,975.12	
Equity								
Retained Earnings	204,984.07		-217,894.00		0.00		-12,909.93	
Net Income	-108,305.23		0.00		0.00		-108,305.23	
Reserve Funds	0.00		0.00		0.00		0.00	
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	96,678.84		50,409.00		0.00		147,087.84	
TOTAL LIABILITIES & EQUITY	122,653.96		50,409.00		0.00		173,062.96	

12:22 PM
02/02/26
Accrual Basis

101.125 ꞏ CSB # 6006

Total 101.125 ꞏ CSB # 6006
TOTAL

Captain's Key Dependent District
Check Register
As of February 2, 2026

03/01/2026	Seacoast	285.52	
03/01/2026	Comcast	298.35	
03/01/2026	FPL	71.40	
03/01/2026	Greentone Irrigation	150.00	
03/01/2026	Special District Services	2,109.05	
03/01/2026	Surf Landscape	1,350.00	
03/01/2026	Victory Access Control	6,269.66	
03/01/2026	Frontsteps	382.89	
04/01/2026	Comcast	298.35	
04/01/2026	Blue Frog Irrigation	125.00	
04/01/2026	FPL	69.23	
04/01/2026	Frontsteps	382.89	
04/01/2026	Seacoast	271.48	
04/01/2026	Special District Services	2,200.10	
04/01/2026	Surf Landscape	1,350.00	
04/01/2026	Victory Access Control	182.55	
		15,796.47	
		15,796.47	

Date	Num	Name	Memo	Credit