Board of Supervisors
Regular Meeting & Preliminary Budget Review April 15, 2026 at 8:30 AM
505 Whiskey Creek Drive, Marco Island, FL 34145
Anyone who wishes to listen and participate in the meeting can do so by calling
1-888-468-1195, Participant Pin 636522.
Additionally, participants are encouraged to submit questions and comments to the District Manager in advance to facilitate the Board's consideration of such questions and comments during the meeting.
The agenda is as follows:
Call to Order/Roll Call
Approval of Agenda
Public Comments
Approval of Minutes
February 18, 2026 – Regular Meeting Minutes
Old Business
New Business
Updated Bridge Navigation Lights Estimate Review
Gatehouse Improvements Follow Up
Roof Replacement Completion
Exterior Painting Estimates Review
Request for Consideration – Key Marco Community Association –Gatehouse Security Infrastructure Upgrade & Procedure
Final Reserve Study Review
Review 2026-2027 Preliminary Budget Draft
Attorney Report
Engineer Report
Supervisors’ Requests
District Manager’s Report
Acceptance of Unaudited Financials Ending March 31, 2026
Collier County Water Recapture Improvements Update
Form 1 & Ethics Reminder
Public Comments
Adjournment

1
2
3
4
Appearances

Key Marco Community Development District Regular Meeting
February 18, 2026

Mary Beth Schewitz, Chair
Luanne Kerins, Co-Chair
Jennifer Sprague
Terri Stanton-Clement
Also Present
Joshua Carter, District Manager
Greg Urbancic, District Counsel (Via Speakerphone)
13
14	CALL TO ORDER/ROLL CALL
15
16	The meeting was called to order by the Chair at 8:30 AM, and it was noted that four supervisors
17	were in attendance constituting a quorum.
18
19	APPROVAL OF AGENDA
20
Ms. Schewitz requested that an item be added to New Business under line iv. of item F for
consideration of guardhouse roof replacement, to save on mobilization while Key Marco
Community Association conduct replacement of their community center roof.

On a voice vote by Ms. Schewitz and a second by Ms. Stanton-Clement, the amended agenda was approved 4-0.

24
25
26
27
28
Public Comments
No Public Comments were received at this time.
31
Approval of Minutes
a.  October 15, 2025 – Regular Meeting Minutes

On a voice vote by Ms. Schewitz and a second by Ms. Sprague, the October 15, 2025 Regular Meeting Minutes were approved 4-0.

34
35
36
37
38
Old Business
a.  Follow-Up On Asphalt Striping & Reflector Replacement Project
Mr. Carter noted that following the October 2025 meeting, the asphalt striping and
reflector project was awarded to the vendor Paramount Asphalt at a cost of $25,000.
Mr. Carter noted that the work was conducted in November 2025. Mr. Carter noted that

the initial project was underwhelming, with paint lines appearing thin and many
reflectors missing. The contractor was brought back out and missing reflectors
corrected. The thin appearing paint was noted as being due to a one-coat application,
which is the scope approved by the District. Mr. Carter noted that many of the reflectors
were crooked upon installation and the contractor was brought out to correct two
additional times prior to payment. Mr. Carter noted that going forward, it may be the
best practice to conduct striping with two coats of paints rather than one given the
outcome.
52
New Business
a.  Reserve Study Draft Review
Mr. Carter noted that the first draft of the District Reserve Study was completed and
presented the draft to the Board of Supervisors. Mr. Carter walked through the study,
highlighting that the reserve starting balance of $867,454 was comprised of all equity
funds set aside for reserve or excess revenues of the District less the amount funded for
Hurricane Contingency. The fully funded reserve balance was set at $1,078,770,
meaning that the District is 80.4% funded to the total goal, representing a strong
strength of reserve funding and low risk of special assessment according to the study.
Mr. Carter noted that he and Mr. Rosen had compiled a list of requested changes to the
study, for items included that are not District property or responsibility as well as
requested changes to useful lives of certain assets. Mr. Carter noted that with
acceptance of the requested changes, the funding strength would increase and total
amount for fully funded reserves would be slightly decreased. Mr. Carter noted that by
the current funding plan, the District would be recommended to reserve fund $105,950
for full funding by year 30 and a minimum funding of $80,450 for baseline funding. Mr.
Carter noted that the current reserve and capital funding for assets covered by the
study is broken out by component, but totals $82,000 in the FY2025-2026 budget, not
including the $40,000 allocated to the Hurricane Contingency.
72
b.  Review Bridge Navigation Lights Estimate
Mr. Carter presented an estimate for installation of the remaining solar bridge
navigation lights following the successful test light installed in 2025. The estimate
totaled $6,150.00 for two red and one green light. Mr. Carter noted that he would
contract Monroy Electric to complete the installation. Ms. Schewitz suggested a not-to--
exceed approval of $10,000 to complete the project be authorized.

On a voice vote by Ms. Schewitz and a second by Ms. Kerins, bridge navigation light installation project was approved at a not-to-exceed cost of $10,000 for material and installation by a vote of 4-0.

79
80
81
82
83
c.  Speed Sign Options & Speeding Mitigation Discussion
Mr. Carter noted that an item often brought up regarding the CDD is speeding within
the District roadways and asked if the board had any thoughts to curbing the issue. Mr.

Carter noted that there appeared be three implementable solutions for speeding,
comprised of speed limit sights to heighten awareness of posted speed requirements,
traffic monitoring signs, which would give feedback to drivers on their excessive speed
while making them aware of the limitation or posting of police officers within the
district to enforce the posted speed limit. Mr. Carter noted that when confronting
speeders, the common response is that they were unaware of the 25 MPH speed limit
due to the lack of signage, as only one sign posts the allowed speed at the property
entrance. As a slightly more intrusive solution, speed monitoring signs would read the
speed of passing vehicles and flash their speed versus the allowed limit to encourage
them to slow down. Mr. Carter noted that this system works to some effect in the
property he lives in but is more costly than simple signage. The allowance of police
officers in the district to enforce speed would be the most intrusive option, but the most
proactive in curbing speeding. After discussion, there was push back around having
police post in the community due to bad experiences from the past and irritation caused
to residents. The board of supervisors suggested that a simple posting of speed limit
signs would be a good first step and cause the least intrusion to residents. Ms. Schewitz
suggested that speed limit signs be placed on existing ‘slow down’ posts up in the
community. A motion was made at this time to move forward on the project.

On a voice vote by Ms. Schewitz and a second by Ms. Kerins, approval to install four speed limit signs on existing ‘slow down’ posts at a cost not-to-exceed $500 was approved by a vote of 3-1.

105
106
107
108
109
110	d.  Updated Estimate for Gatehouse Curb Repair
111
Mr. Carter noted that he and Mr. Rosen had followed up on the gatehouse curb repair
project and presented an updated estimate for the work submitted by the vendor
Paramount Asphalt. The estimate provided unit costs per linear foot of curb repair of
$42 per linear foot and $45 per linear foot of ribbon curb repair. Mr. Carter noted that
he and Mr. Rosen measured the areas of lifted curbing and damaged ribbon curb at the
gatehouse facility and determined the total square footage to be roughly 120 linear feet
of curb repair and 75 linear feet of ribbon curb. With the $1,000 mobilization cost
quoted, the total cost for the project was assumed at roughly $9,500, with allowances in
measurements to develop a higher of cost estimate. Mr. Carter noted that the vendor
Bonness had previously quoted the lifted curb repair only at a fixed price of $11,032 and
recommended that the repair could be completed below that price including the ribbon
curbs. At this time, a motion was made to authorize the work during the summer of
2026.

On a voice vote by Ms. Sprague and a second by Ms. Schewitz, approval for the vendor Paramount to complete the gatehouse curb and ribbon curb repairs were approved by a vote of 4-0.

125
126
127
128
129

130	e.  Milestone Bridge Repairs Scheduling & Engineering Oversight Estimate
131
Mr. Carter presented an estimate submitted by Arcos Bridge for Oversight services
relating to the milestone bridge repairs identified during the 2024 inspection of the
facility. Mr. Carter noted that Mr. Corsa of Arcos is a certified bridge engineer and would
handle the oversight of the bridge repairs, drawings as well as the bidding/scheduling
process. The oversight services were estimated at $14,950 and total price estimated for
all milestone repairs were estimated at $115,227. Ms. Schewitz noted that per the
report, the repairs were given a 5-year timeline to complete and asked the Supervisors
their opinion on scheduling the work for FY2027-2028. The supervisors present were in
agreement that the repairs should be conducted closer to the deadline to complete
given the short term projects coming up and reserve funding being overhauled through
the reserve study. The item was tabled to a future meeting for review approaching
FY2027-2028.
144
145	f.	Gatehouse Improvement Planning Discussion
146
Mr. Carter noted that following the October 2025 meeting, compiled a list from Mr.
Rosen for consideration of gatehouse improvements.
149
The first item was exterior painting, Mr. Carter presented an estimate from the vendor
G.W. Fishell to have the gatehouse exterior painted for a total cost $16,000. It was
noted that this price seemed high and project should be bid out to the market. It was
further noted that gatehouse exterior painting ought to be conducted and requested
that a bid package be presented at the April 2026 meeting to move forward.
155
The second item for consideration was interior waterproofing of the gatehouse. Mr.
Carter noted that Mr. Rosen had asked if it made sense to waterproof the interior of the
guardhouse, by stuccoing the walls or otherwise, to further make the facility flood
resistant. This item was discussed and noted as not being of interest to the supervisors
present at the time of the meeting.
161
The third item for consideration was replacement of the cabinets and countertops,
where the existing fixtures are aged. It was discussed and noted that the gatehouse is
purpose built for gatehouse staff rather than for enjoyment of landowners and spending
on this item seemed unnecessary.
166
Following from previous meetings, flood mitigation of gatehouse operators was asked
for consideration, with Mr. Carter and Ms. Schewitz noting that the concept had been
investigated following Hurricane Ian and determined inviable to implement.
170
Mr. Carter noted that Key Marco Community Association would be conducting
replacement of the community center roof in March 2026 and an estimate was provided
by the contractor to replace the guardhouse roof. Ms. Schewitz noted that it would be

of value to have the roof’s of the facilities match and suggested that if pricing for the
guardhouse roof was within reason, conduct the work in tandem with the community
association. Mr. Carter presented the estimate submitted by Mighty Fine Roofing in the
amount of $22,400 for a standing seam metal roof coated in Kynar paint to match the
community center. Mr. Carter noted that the existing gatehouse roof had roughly six
years of remaining useful life but understood the objective of uniformity between the
two structures. At this time, a motion was made to authorize the replacement of the
guardhouse roof as presented.

On a voice vote by Ms. Schewitz and a second by Ms. Sprague, approval for the vendor Mighty Fine Roofing to complete the gatehouse roof as presented to the total cost of $22,400 was approved by a vote of 4-0.

182
183
184
185
186
The final item for consideration was to have a kiosk installed at the resident entrance
lane to allow for large vehicles to access the property after gatehouse hours. Mr. Carter
noted that currently, large delivery vehicles are required to use the outer lane for height
clearance issues. After gatehouse hours, they are unable to use the kiosk as traditional
visitors would and cannot access the property and must return during business hours
the following day. Ms. Schewitz asked if this issue is common and reported to
management. Mr. Carter noted that in his tenure, there have two incidents of this issue
reported relating to furniture delivery. It was discussed and agreed that the item
seemed unnecessary for a roughly $8,000 cost at this time.
196
197	g.  FEMA Update – Hurricane Ian Claim Denial
198
Mr. Carter noted that FEMA had delivered their response to the second appeal by Key
Marco CDD regarding Hurricane Ian expenses. Mr. Carter presented the response,
noting that the entity continued to hold issue with the public access item, citing the
presence of a gate, road use fee and limited hours of operation. Further, the appeal
notes that while debris monitoring was conducted, the information provided did not
make clear that debris removal was in the public interest, citing the lack of debris
photos showing vegetation covering or blocking the roadway preventing access. Mr.
Carter noted that the response was disappointing, but not uncommon for other Districts
in the region that have gated facilities.
208
209	h.  Collier County Water Recapture Improvements Update
210
Mr. Carter noted that the Collier County project to overhaul the water recapture system
was progressing, with the engineering phase going out to bid and expected start of
design in April. Mr. Carter noted that Ms. Libby of Collier County Utilities indicated that
a kickoff meeting would be held in April and would have an update in the next meeting.
215
216	i.	Request for Consideration – Jay Rosen – Digital Notice Board for Entrance
217

Mr. Carter noted that he had received a request for consideration from Mr. Rosen to
replace the notice board at the entrance with a digital signage board. Mr. Carter noted
that the ask came about as notices are difficult to read in the existing box and space
limitations of the box. Ms. Schewitz noted that the posted notice requirements have to
do with Key Marco Community Association rather than the CDD and the matter should
be brought to the Association for consideration.
224
225
226	ATTORNEY’S REPORT
227
Mr. Urbancic noted that the legislative session was underway and there were two items
of interest being considered. Firstly, the goals and objectives requirements were
considered for elimination. Secondly, procedures for removal of supervisors were in
consideration. Mr. Urbancic noted that he would follow up in the April meeting with any
updates to the proposals made in the legislative session.
233
234	ENGINEER’S REPORT
235	No engineer’s report was made at this time.
236
237	SUPERVISORS’ REQUESTS
238
239	No supervisors requests were made at this time.
240
DISTRICT MANAGER’S REPORT
a.  Acceptance of Unaudited Financials ending December 31, 2025
243
Mr. Carter presented the unaudited financial statements ending December 31, 2025 to
the board of supervisors. Beginning with the balance sheet, Mr. Carter highlighted the
total asset balance of $1,098,841.
247
On the Profit and Loss, Mr. Carter highlighted the roadway services line item, noting
that the catch basin and culvert cleaning was completed in December at a cost of
$5,938. Mr. Carter also noted the $1,574 Irrigation Pump Upgrade cost was relating to a
capital repair to the pump system rather than the upgrade itself. Mr. Carter noted that
this item would be corrected to a reserve expense line item once the reserve study
finalized and reserve funding procedure adopted.
254
255	b.  Upcoming Event in District – Tour De Marco
256
Mr. Carter noted that the annual YMCA Tour De Marco event would be conducted on
Sunday, February 22nd. Mr. Carter noted that YMCA staff were briefed on cleaning up
post event and gate staff notified to open the gates during the event and promptly close
upon conclusion. Mr. Carter noted that a communication would go out to KMCA

members notifying them of the event. Mr. Carter noted that agreements, insurance and
damage deposit were completed by the event coordinator as required.
263
264	c.  Upcoming Event in District – Marco Island Half Marathon
265
Mr. Carter noted that the final public event for the year would be the Marco Island Half
Marathon on Sunday, March 1. Mr. Carter noted that staff were briefed on cleaning up
post event and gate staff notified to open the gates during the event and promptly close
upon conclusion. Mr. Carter noted that a communication would go out to KMCA
members notifying them of the event. Mr. Carter noted that agreements, insurance and
damage deposit were completed by the event coordinator as required.
272
PUBLIC COMMENT
No Public Comments were made at this time.
275
NEXT MEETING
The next regular meeting and preliminary budget review will be held on April 15, 2026.
278

The meeting was then adjourned at 10:00 AM on a Motion by Ms. Schewitz and a second by Ms. Sprague. The motion was passed 4-0.

279	ADJOURNMENT
280
281

Date	F.O. No.	
3/18/2026	110655	

Julian A. McDermott Corporation
1639 Stephen Street, Ridgewood, NY 11385
Tel: (718) 456-3606	Fax: (718) 381-0229
www.mcdermottlight.com

Sold To	
KEY MARCO COMMUNITY DEVELOPMENT DISTRICT
ATTN: JOSHUA CARTER
505 WHISKEY CREEK DRIVE MARCO ISLAND, FL 34145	

Ship To	
CAM - KEY MARCO COMMUNITY ASSOCIATION
ATTN: JOSHUA CARTER
505 WHISKEY CREEK DRIVE MARCO ISLAND, FL 34145	

Customer PO No.	Terms	Ship Date	Ship Via	FOB	Rep.	
4684-RQ	CHECK	4/6/2026	UPS GROUND	RIDGEWOOD	RQ	
Item	Description	Qty	Price	Amount	
BTL-BZ-KIT-3.5FT-GREEN-10W

BTL-BZ-KIT-3.5FT-180-RED-10W

FREIGHT	BRIDGE TUBE LIGHT KIT- 3 1/2 FOOT TUBE, BZ BATTERY PACK, GREEN LED, WITH FLAT MOUNTING BRACKET,SOLAR POWERED 10W.
BRIDGE TUBE LIGHT KIT- 3 1/2 FOOT TUBE, BZ BATTERY PACK, 180 DEGREE RED LED, WITH FLAT MOUNTING BRACKET,SOLAR POWERED 10W. COST OF SHIPPING UPS GROUND	1

4

1	1,950.00

1,950.00

376.00	1,950.00

7,800.00

376.00	
			Total	$10,126.00	
LIABILITY LIMITED TO THE AMOUNT OF OUR INVOICE. CLAIMS MUST BE MADE WITHIN 10 DAYS AFTER RECEIPT OF SHIPMENT.

Key Marco CDD Painting 2026	
Updated Scope Bids 3 April	
Subcontractor	Guardhouse	Wood Ceiling Paint	Windows/Doors	Bridge Touch Up	Total	
						
Friends Painters of Naples					$0.00	
GW Fischell					$0.00	
Al's painting plus					$0.00	
Kaiser	$15,811.00	$5,945.00	$4,680.00	$950.00	$27,386.00	
Collier Painting					$0.00	
Steve Mcguire Painting					$0.00	

						

Notes						
1. Scope amended to include painting of GH wood ceiling rather than stain				
Scope:						
The deﬁned area of work to be performed includes the Guardhouse building’s entire exterior,			
adjacent masonry structures to the outside pillar of each (two) man gate. Speciﬁcally include:			
Power washing all structures						
Removing loose paint on masonry surfaces						
Scrapping and sanding all exterior wood ceilings/soﬃts/man-gate doors/glass door framing and windows		
Apply caulking around all windows and doors					
Apply two coats of Sherwin Williams Superpaint Exterior Latex Satin paint or equivalent to all masonry surfaces and wood ceiling/soﬃts	
Apply one coat of primer and two coats of Sherwin Williams DTM semigloss paint or equivalent to doors and windows		
Apply two coats of Sherwin Williams Woodscapes Solid Stain to the 2 man gates				
In addition touchup and paint where required the bridge curbing to restore a uniform appearance. Base paint shall be an epoxy type product.	

						

Original Scope Bids						
Subcontractor	Guardhouse	Wood Ceiling Stain		Bridge Touch Up	Total	
						
Friends Painters of Naples	$11,500.00	$2,100.00		*****	$13,600.00	
GW Fischell	$16,000.00	NA		NA	$16,000.00	
Al's painting plus	NA	NA		NA	$0.00	
Kaiser	$9,359.00	$4,161.50		$950.00	$14,470.50	
Collier Painting	$6,475.00	NOT INCLUDED		INCLUDED IN Base Bid	$6,475.00	
Steve Mcguire Painting	$7,875.00	$3,680.00		$2,287.08	$13,842.08	

Kaiser Painting & Finishing
5369 Sholtz St
Naples, FL 34113
239-601-1261
Kaiserpaintingfinishing@gmail.com

ESTIMATE

BILL TO:	ESTIMATE #: 559 (RETOUCH)
Key Marco Community Association	DATE: 04/08/26
Josh@managerkeymarco.org	DUE DATE: 05/08/26
2323 San Marco Rd (“Guardhouse”)	TERMS: NET 30 Marco Island, Fl 34145

ACTIVITY	AMOUNT

Exterior Painted Stucco Walls	
4,214 SQFT	
$1.50/EA	
$6,321.00	
T&G Ceiling Paint	594.50 SQFT	$10.00/EA	$5,945.00	
Soffit Paint	256 SQFT	$10.00/EA	$2,560.00	
Beam Paint	515 LNFT	$10.00/EA	$5,150.00	
Fascia Paint	178 LNFT	$10.00/EA	$1,780.00	
Windows (“Outside only”)	8 Windows	$360.00/EA	$2,880.00	
Sliding Doors (“Outside only”)	4 Sliding Doors	$450.00/EA	$1,800.00	
T-Up on community bridge rashed section of curb structure from vehicle wheels.	$950.00

Context:

TOTAL BALANCE DUE

$27,386.00
$27,386.00

Kaiser Painting & Finishing
5369 Sholtz St
Naples, FL 34113
239-601-1261
Kaiserpaintingfinishing@gmail.com

ESTIMATE

BILL TO:	ESTIMATE #: 559
Key Marco Community Association	DATE: 03/30/26
Josh@managerkeymarco.org	DUE DATE: 04/29/26
2323 San Marco Rd (“Guardhouse”)	TERMS: NET 30 Marco Island, Fl 34145

ACTIVITY			AMOUNT	
Exterior Painted Stucco Walls	
4,214 SQFT	
$1.50/EA	
$6,321.00	
T&G Ceiling Stain	594.50 SQFT	$7.00/EA.	$4,161.50	
Soffit Stain	256 SQFT	$7.00/EA	$1,792.00	
Fascia Stain	178 LNFT	$7.00/EA	$1,246.00	
T-Up on community bridge rashed section of curb structure from vehicle wheels.	$950.00

Detailed Work:
Pressure washing 4000 psi on stucco walls.
Prep the stucco walls, cover the windows, fix the cracks then apply caulking as needed, and apply 1 coat of Sherwin Williams Luxon Clear Primer.
All stucco walls will be painted with 2 coats of Sherwin Williams Super Paint Satin or Benjamin Moore Ultra Spec in color selected by owner.
T&G Soffit and Fascia: Sand and touch up the stain then apply 2 coats of clear finish.
Doors, Windows: N/A
Roof Metal: N/A Owner Accepted:
Sign: 	 Date: 	

TOTAL BALANCE DUE

$14,470.50
$14,470.50

Friends Painters Of Naples Inc	ESTIMATE
#EST105
Issued 3/19/2026

FROM	BILL TO

Friends Painters Of Naples Inc
(239) 601-4941
friendspaintersofnaples@gmail.com 4522 Coral Palms Ln. 4
Naples, FL 34116

Clayton Keeler
(609) 577-2256
promx6@aol.com 1059 Blue Hill Creek Dr Marco Island, Fl 34145

Description	QTY	Price, USD	Amount, USD

Club House guard house	1	$11,500.00	$11,500.00
Preparation Pressure Wash.
Including the two entrances of sidewalks and community name wall
Touch up on the bridge area.
Walls and Columns apply two coats of Sherwin Williams super paint satin.
Windows and doors, cover glass with plastic and tape, sand to remove damaged paint.
Repair caulkin around and apply a primer coat and two coats of Sherwin Williams DTM semigloss paint.
Wooden ceiling	1	$2,100.00	$2,100.00
Wooden ceiling. We will apply two coats of stain

Total	$13,600.00

NOTES & PAYMENTS INSTRUCTIONS
To start the work we ask for a 50% deposit, the end of the work we will collect the balance

Est. #EST105 1 of 1

606 B al d E agl e D r. lk n i t 301 M arco Isl an d, FL 3 41 45
P h on e (2 39) 642- 9777	Fax (2 39) 25 9- 8339
gwfi sh el l @ gm ai l . com www. gwfi sh el l . com
N oivem ber 1 4, 202 5

Key M arco Comm u n i ty 5 04 Wh i skey D ri ive
M arco Isl an d, FL 3 41 45

B i d Proposal for E xteri or Pai n ti n g of Gu ard H ou se: [ In cl u di n g Gate Wal l s]

P ressu re wash th e exteri or areas to be pai n ted an d appl y a ch l ori n e/ detergen t sol u ti on to al l areas excl u di n g th e roof. Let dwel l for 20
m i n u tes an d ri n se th orou gh l y.
P rotect al l fi n i sh ed areas from pai n t spl atters an d debri s.

D i g ou t peri m eter of h ou se bel ow grade for pai n ti n g an d repl ace after com pl eti on .

Th e wi n dows an d doors to h aive th e seal an ts i n spected an d repai red as n eeded. Ou r goal i s to m ake you r h om e waterti gh t du ri n g ou r su mm er ti m e dri ivi n g rai n storm s.

An y m i n or stu cco defects wi l l be repai red wi th el astom eri c patch i n g com pou n d to m atch th e exi sti n g textu re.
Appl y on e coat of m ason ry seal er ti n ted to m atch th e fi n i sh col or.

Appl y on e coat of fi n i sh pai n t u si n g prem i u m Sh erwi n - Wi l l i am s "D u rati on . ,,

We al so wi l l pri m e an d pai n t al l boxes an d pi pes attach ed to th e bu i l di n g to bl en d i n .

N on - factory fi n i sh ed doors wi l l be san ded, spot pri m ed, an d recei ive on e coat of oi l - based en am el pai n t.
Al l areas to be kept cl ean du ri n g th e pai n ti n g project. P ri ce:		$ 1 6,000. 00

•Experienced Custom Painting
•Repaint
•Waterproofing
•New Construction

Exterior & Interior

P
Contractor
Fully Insured

Free Estimates

CHRIS

Pressure Cleaning - Tile Roofs, Pavers, Decks and More
Drywall, Plastering, Repair

Ph: 239-424-0002
239-424-0486
collierpaintingcon@icloud.com

www.collierpaintingcontractor.com

Collier Painting Contractor.
P.O Box 326
Marco Island Florida 34146

PROPOSAL FOR PAINTING SERVICES
March 31 2026
Whiskey Creek dr Marco Island Fl 34145
Guard House .
Collier Painting Contractor . (CPC) will perform painting services . CPC will furnish the necessary labor, material, equipment and insurance information to perform the work
Let me know if there is any other information needed to assist you with your decision. Thank you for the opportunity to bid the project.

Scope Of Work
EXTERIOR – Pressure wash and remove mildew , prep and caulk joints , apply one coat of primer guide coat from Shw , and apply 2 coats of Super-paint exteri-or satin from Shw all stucco surface areas. Clean up area

Areas to be included
Touch up bridge curb .
Prep and paint stucco/concrete walls Guard house , front monument sign, and columns on each gate (NOT INCLUDING WOOD STAIN/PAINT) .
TOTAL=$6,475.00

6063 Janes Ln
Naples, FL 34109
(239) 351-2871
payables@handsfreellc.com

Estimate
ESTIMATE#	13354	
DATE
PO#	02/13/2026	

CUSTOMER
Key Marco CDD
505 Whiskey Creek Drive Marco Island FL 34145
(239) 394-4346

SERVICE LOCATION
Key Marco CDD
505 Whiskey Creek Drive Marco Island FL 34145
(239) 394-4346

I will explore with the board the notes on BAI vs RFID at our upcoming meeting and see what they
DESCRIPTION	think for planning as we go forward. Can you share with me an estimate to have a kiosk installed in the outer entrance lane? Id assume same as the one we have at the visitor lane, just for
consideration now as we look ahead into the summer meetings and budgeting

Description	Qty	Rate	Total	
Scope of Work
This estimate is to install 4 LPR camera's, one at each lane and a new NVR and a	0.00
computer to allow LPR footage for identiplate	
0.00	
0.00	
LPC Camera	4.00	1,347.76	5,391.04	
2x2 Mounting Post	4.00	196.42	785.68	
**	200.00	4.27	854.00	
**	2.00	800.00	1,600.00	
**	1.00	1,043.00	1,043.00	
**	1.00	845.00	845.00	
+Technician Labor	4.00	170.00	680.00	

Estimate 1

Camera for license plate capturing

Paver removal and replacement 4 Channel NVR
Checkpoint Identiplate Computer and monitor

Labor based on per hour rate

CUSTOMER MESSAGE

Estimate Total:	$11,198.72

The client is responsible for providing unmitigated access to the work area. This includes moving any furnishings, wall-hangings, or other items which could prevent Hands Free Security from carrying out the listed services. Client is responsible for all insurance of dwellings and service location for the entire time of work. The client will provide accessible electricity to all working areas including outdoor areas. This includes proving a live power outlet or generator within 150 feet of the working area. Sitework, including demolition or removal of debris, is not included in this contract. All areas of installation will be left in the condition found unless otherwise stated in writing by the Client. The client is responsible for providing any site plans or engineering drawings needed to complete this agreement. All obligations under this Section shall survive the termination of this Agreement for a period of five (5) years. Hands Free Security, LLC understands that, as an independent contractor, any personal injury or property damage suffered in the course of carrying out any duties under this Agreement will be Hands Free Security, LLC's responsibility. Hands Free Security, LLC shall comply with worker's compensation laws and shall provide a certificate of worker's compensation insurance, where applicable.
Client agrees to indemnify and hold Hands Free Security, LLC harmless against all claims, demands, suits, liabilities, losses, damages, or injuries (collectively Liabilities) that arise out of Client's use of the Services, except to the extent such Liabilities result from the negligence or wrongdoing of Hands Free Security, LLC. Hands Free Security, LLC agrees to indemnify and hold Client harmless against all claims, demands, suits, liabilities, losses, damages, or injuries that arise out of the performance of this Agreement, except to the extent such Liabilities result from the negligence or wrongdoing of Client. In no event will either party be liable for any SPECIAL, INDIRECT, CONSEQUENTIAL, OR INCIDENTAL DAMAGES. Hands
Free Security, LLC, to the best of their knowledge has provided installation and quality parts for the overall best quality of the product. Furthermore, all parts will be warranted for a 12-month period after installation for any technical defects. All applicable goods and products installed will become the property of the client on the date of installation. All goods not paid in full and remaining with Client will be the property of Hands Free Security, LLC until payment has been made.
Payment Terms:
Payment on all invoices is due upon receipt. If not paid in 30 days a late fee of $25 will be applied and will accrue at 1.5% every 30 days after. The client shall be responsible for all costs of collection, including responsible attorney’s fees. Venue for any proceeding from the subject transaction shall be in Collier County, Florida.
This quote is valid for the next 30 days, after which values may be subject to change.

Estimate 1

Description

Qty

Rate

Total

Page 18

Description	Qty	Rate	Total	
Scope of Work
This estimate is to install 3 LPR camera's, one at each lane and a new NVR and a	0.00
computer to allow LPR footage for identiplate	
0.00	
0.00	
LPC Camera	3.00	1,347.76	4,043.28	
2x2 Mounting Post	3.00	196.42	589.26	
**	200.00	4.27	854.00	
**	2.00	800.00	1,600.00	
**	1.00	1,043.00	1,043.00	
**	1.00	845.00	845.00	
+Technician Labor	4.00	170.00	680.00	

Camera for license plate capturing

Paver removal and replacement 4 Channel NVR
Checkpoint Identiplate Computer and monitor Labor based on per hour rate

CUSTOMER MESSAGE

Estimate Total:	$9,654.54

The client is responsible for providing unmitigated access to the work area. This includes moving any furnishings, wall-hangings, or other items which could prevent Hands Free Security from carrying out the listed services. Client is responsible for all insurance of dwellings and service location for the entire time of work. The client will provide accessible electricity to all working areas including outdoor areas. This includes proving a live power outlet or generator within 150 feet of the working area. Sitework, including demolition or removal of debris, is not included in this contract. All areas of installation will be left in the condition found unless otherwise stated in writing by the Client. The client is responsible for providing any site plans or engineering drawings needed to complete this agreement. All obligations under this Section shall survive the termination of this Agreement for a period of five (5) years. Hands Free Security, LLC understands that, as an independent contractor, any personal injury or property damage suffered in the course of carrying out any duties under this Agreement will be Hands Free Security, LLC's responsibility. Hands Free Security, LLC shall comply with worker's compensation laws and shall provide a certificate of worker's compensation insurance, where applicable.
Client agrees to indemnify and hold Hands Free Security, LLC harmless against all claims, demands, suits, liabilities, losses, damages, or injuries (collectively Liabilities) that arise out of Client's use of the Services, except to the extent such Liabilities result from the negligence or wrongdoing of Hands Free Security, LLC. Hands Free Security, LLC agrees to indemnify and hold Client harmless against all claims, demands, suits, liabilities, losses, damages, or injuries that arise out of the performance of this Agreement, except to the extent such Liabilities result from the negligence or wrongdoing of Client. In no event will either party be liable for any SPECIAL, INDIRECT, CONSEQUENTIAL, OR INCIDENTAL DAMAGES. Hands
Free Security, LLC, to the best of their knowledge has provided installation and quality parts for the overall best quality of the product. Furthermore, all parts will be warranted for a 12-month period after installation for any technical defects. All applicable goods and products installed will become the property of the client on the date of installation. All goods not paid in full and remaining with Client will be the property of Hands Free Security, LLC until payment has been made.
Payment Terms:
Payment on all invoices is due upon receipt. If not paid in 30 days a late fee of $25 will be applied and will accrue at 1.5% every 30 days after. The client shall be responsible for all costs of collection, including responsible attorney’s fees. Venue for any proceeding from the subject transaction shall be in Collier County, Florida.
This quote is valid for the next 30 days, after which values may be subject to change.

PRE-WORK SIGNATURE

Signed By:

Key Marco Community Development District
Marco Island, FL

Report #: 57847-0
Beginning: October 1, 2026
Expires: September 30, 2027

RESERVE STUDY
"Full"

April 8, 2026

Reserve Study Executive Summary	Full

Key Marco Community Development District -	Report #: 57847-0
Marco Island, FL	# of Units: 134

. . . . . . .

. . . . . . . . .

. . . . .

. .

. . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Projected Starting Reserve Balance	$867,454	
Projected "Fully Funded" (Ideal) Reserve Balance	$1,030,373	
Percent Funded	84.2 %	
Required 2026 Special Assessments	$0	
Minimum 2026 Reserve Funding (Baseline Funding)	$75,050	
Recommended 2026 Reserve Funding (Fully Funding, Achieve 100% by Year 30)	$100,900	

Level of Service: "Full"	October 1, 2026 through September 30, 2027 Findings & Recommendations		as of October 1, 2026

. . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Reserve Fund Strength: 84.2%	Weak	Fair	Strong
< 30%	< 70%	> 130%
				
Risk of Special Assessment:	High	Medium	Low

Economic Assumptions:
Net Annual "After Tax" Interest Earnings Accruing to Reserves	2.00 %

Annual Inflation Rate

.	3.00 %

This document is a "Full" Reserve Study (original, created “from scratch”), based on our site inspection on 11/17/2025.
This analysis was prepared or verified by a credentialed Reserve Specialist (RS). No assets appropriate for Reserve designation were excluded. As of the start of the initial fiscal year shown in this study, your Reserve fund is determined to be 84.2 % Funded. Based on this figure, the Client’s risk of special assessments & deferred maintenance is currently Low.
Component cost estimates, life expectancies, and recommended reserve funding amounts are subject to change in subsequent years. As such, this Reserve Study analysis expires at the end of the initial fiscal year (September 30, 2027). Please contact our office to discuss options for updating your Reserve Study in future years.

Reserve Funding Goals and Methodology:
This Reserve Study has been prepared using the “pooled” method of Reserve funding (also known as the cash flow method). The terms "full funding" and/or “fully funding” as used in this Reserve Study are based on the National Reserve Study Standards definition of full funding: "setting a Reserve funding goal to attain and maintain Reserves at or near 100 percent funded." (The definition and means of calculating percent-funded are addressed later in this report.)
In our opinion, the National Reserve Study Standards definition of fully funding not only complies with all relevant jurisdictional requirements, but is also more likely to provide an adequate "cushion" of accumulated funds, which will help mitigate financial risks in the event of higher-than-expected component costs, reduced component life expectancies, or other unforeseen negative circumstances. In our experience, Clients that choose to fund their Reserves using a baseline (or threshold) funding goal are significantly more likely to experience special assessments and deferred maintenance in the event of these circumstances.
For additional questions or to request more information about reserve funding goals and methods, please contact our office.

Special Assessments:
There are no recommendations for any special assessments for Reserve funding included in the Reserve Study at this time.

Minimum Reserve Funding (Baseline Funding):
As of 2025, Florida statutes have been amended to define baseline funding as follows: “...a baseline funding plan…provides a reserve funding goal in which the reserve funding for each budget year is sufficient to maintain the reserve cash balance above zero. Our projection of the minimum reserve funding required (taken together with any projected special assessments) is designed to maintain this pooled fund balance above $0 throughout the forecast period.

Recommended Reserve Funding (Fully Funding, Achieve 100% by Year 30):
Our “recommended” funding plan is an optional, more conservative alternative to the minimum funding plan described above. This recommended amount is intended to help the Association to (gradually, over 30 years) attain and maintain Reserves at or near 100 percent-funded. This goal is more likely to provide an adequate cushion of accumulated funds, which will help reduce the risk of special assessments and/or loans in the event of higher-than-expected component costs, reduced component life expectancies, or other “surprise” circumstances.

Annual Increases to Reserve Funding:
In accordance with Florida statutes, the Association may adjust reserve funding amounts annually to take into account an inflation adjustment and any changes in estimates or extension of the useful life on a reserve item caused by deferred maintenance. As such, we recommend increasing the Reserve funding annually as illustrated in the 30-Year Reserve Plan Summary Tables shown later in this document, or in accordance with subsequent Reserve Study updates.

Waiving or Partial Funding of Reserves:
For components not considered “structural” in nature, Florida statutes allow that: “The members of a unit-owner-controlled association may determine, by a majority vote of the total voting interests of the association, to provide no reserves or less reserves than required by this subsection.” As such, a majority of the association’s voting interests may elect to fund the reserves at lower amounts than shown in this study, or to waive reserve funding entirely. Please consult with your Association’s legal counsel for additional guidance regarding the waiving or partial funding of reserves.

STRAIGHT-LINE FUNDING (AKA “Component Method”):
For Clients currently using the “straight-line” method of Reserve funding (also known as the component method), an additional table has been added to the Reserve Study to provide recommendations calculated using this method.
By nature, the straight-line method may only be used to generate recommended funding amounts for one fiscal year at a time, and does not include any assumptions for interest earnings or inflationary cost increases. When using this method, the required funding for each component is calculated by estimating the replacement cost for the component, subtracting any available funds already collected, and dividing the resulting difference (herein labeled as the “unfunded balance,” measured in dollars) by the remaining useful life of the component, measured in years. The resulting figure is the required amount to fund that component. For groups of like components (i.e. multiple individual roof components, all falling within a ‘roof reserve’), the individual funding amounts are added together to determine the total amount required to fund the group as a whole.

Executive Summary Table

Report # 57847-0
Full

#	
Component	Useful Life
(yrs)	Rem. Useful Life
(yrs)	Current Average
Cost	
	Bridge				
2136	Bridge Guard Rails - Replace	40	10	$173,250	
2343	Bridge - Seal/Paint	8	5	$10,000	
2344	Bridge - Repair/Paint	1	0	$1,000	
	Roadways				
2119	Pavers (Roadways) - Replace	40	15	$113,050	
2123	Asphalt - Stripe/Repair	5	4	$27,000	
2125	Asphalt (Bridge) - Resurface	20	10	$39,600	
2125	Asphalt (Roadways) - Resurface	20	7	$726,000	
2170	Directional/Street Signs - Replace	20	10	$17,400	
2173	Street Lights - Paint	8	5	$19,250	
2173	Street Lights - Replace	20	13	$227,101	
	Guardhouse/Entry Area				
2137	Metal Fencing - Replace	25	13	$11,200	
2145	Entry/Exit Gates - Replace	25	13	$20,600	
2169	Sign/Monument - Refurbish/Replace	20	0	$15,000	
2199	Guardhouse - Refurbish	20	12	$25,000	
2343	Guardhouse - Seal/Paint	8	0	$7,500	
2367	Guardhouse Windows & Doors - Replace	40	6	$31,250	
2383	Tile Roofing - Replace	20	12	$22,080	
2501	Intercom/Entry System - Replace	15	14	$7,500	
2507	Barcode Reader - Replace	15	0	$10,500	
2509	Gate Operators - Replace	15	12	$33,000	
2524	HVAC - Split (Guardhouse) - Replace	10	4	$5,500	
2543	Surveillance System - Replace	10	4	$7,000	
	Irrigation				
2584	Flush Water Pump System - Replace	20	8	$61,000	
2584	Irrigation Pump Station - Replace	20	1	$70,000	
2585	Well Pump (2022) - Replace	15	11	$7,000	
2585	Well Pumps (2003-2004) - Replace	15	0	$19,000	
2593	Pond Aerator - Replace	10	9	$3,000	
27	Total Funded Components				

Note 1: Yellow highlighted line items are expected to require attention in this initial year, light blue highlighted items are expected to occur within the first-five years.

Introduction

A Reserve Study is the art and science of anticipating, and preparing for, an association's major common area repair and replacement expenses. Partially art, because in this field we are making projections about the future. Partially science, because our work is a combination of research and well-defined computations, following consistent National Reserve Study Standard principles.

The foundation of this and every Reserve Study is your Reserve Component List (what you are reserving for). This is because the Reserve Component List defines the scope and schedule of all your anticipated upcoming Reserve projects. Based on that List and your starting balance, we calculate the association's Reserve Fund Strength (reported in terms of "Percent Funded"). Then we compute a Reserve Funding Plan to provide for the Reserve needs of the association.
These form the three results of your Reserve Study.
Reserve funding is not "for the future". Ongoing Reserve transfers are intended to offset the ongoing, daily deterioration of your Reserve assets. Done well, a stable, budgeted  Reserve Funding Plan will collect sufficient funds from the owners who enjoyed the use of those assets, so the association is financially prepared for the irregular expenditures scattered through future years when those projects eventually require replacement.
Methodology 

For this Full Reserve Study, we started with a review of your Governing Documents, recent Reserve expenditures, an evaluation of how expenditures are handled (ongoing maintenance vs Reserves), and research into any well-established association precedents. We 
performed an on-site inspection to quantify and evaluate your common areas, creating your Reserve Component List from scratch.

Which Physical Assets are Funded by Reserves?

There is a national-standard three-part test to determine which projects should appear in a Reserve Component List. First, it must be a common area maintenance obligation. Second, both the need and schedule of a component’s project can be reasonably anticipated. Third, the project’s total cost is material to the client, can be reasonably anticipated, and includes all direct and related costs. A project cost is commonly considered material if it is more than 0.5% to 1% of the total annual budget. This limits Reserve components to major, predictable expenses. Within this framework, it is inappropriate to include lifetime components,
unpredictable expenses (such as damage due to natural disasters and/or insurable events), and expenses more appropriately handled from the Operational budget.
How do we establish Useful Life and Remaining Useful Life estimates?
Visual Inspection (observed wear and age)
Association Reserves database of experience
Client History (install dates & previous life cycle information)
Vendor Evaluation and Recommendation
How do we establish Current Repair/Replacement Cost Estimates?
In this order...
Actual client cost history, or current proposals
Comparison to Association Reserves database of work done at similar associations
Vendor Recommendations
Reliable National Industry cost estimating guidebooks

How much Reserves are enough?
Reserve adequacy is not measured in cash terms. Reserve adequacy is found when the amount of current Reserve cash is compared to Reserve component deterioration (the needs of the association). Having enough means the association can execute its projects in a timely manner with existing Reserve funds. Not having enough typically creates deferred maintenance or special assessments.
Adequacy is measured in a two-step process:

Calculate the value of deterioration at the association (called Fully Funded Balance, or FFB).
Compare that to the Reserve Fund Balance, and express as a percentage.
Each year, the value of deterioration at the association changes. When there is more
deterioration (as components approach the time they need to be replaced), there should be more cash to offset that deterioration and prepare for the expenditure. Conversely, the value of deterioration shrinks after projects are accomplished. The value of deterioration (the FFB) changes each year, and is a moving but predictable target.
There is a high risk of special assessments and deferred maintenance when the Percent Funded is weak, below 30%. Approximately 30% of all associations are in this high risk range. While the 100% point is Ideal (indicating Reserve cash is equal to the value of deterioration), a Reserve Fund in the 70% - 130% range is considered strong (low risk of special assessment).
Measuring your Reserves by Percent Funded tells how well prepared your association is for upcoming Reserve expenses. New buyers should be very aware of this important disclosure!

How much should we transfer to Reserves?

According to National Reserve Study Standards, there are four Funding Principles to balance in developing your Reserve Funding Plan. Our first objective is to design a plan that provides you with sufficient cash to perform your Reserve projects on time. Second, a stable rate of ongoing Reserve transfers is desirable because it keeps these naturally irregular expenses from unsettling the budget.
Reserve transfers that are evenly distributed over current and future owners enable each owner to pay their fair share of the association's Reserve expenses over the years. And finally, we develop a plan that is fiscally responsible and safe for Board members to recommend to their association. Remember, it is the Board's job to provide for the ongoing care of the common areas. Board members invite liability exposure when Reserve transfers are inadequate to offset ongoing common area deterioration.
What is our Recommended Funding Goal?

Maintaining the Reserve Fund at a level equal to the value of deterioration is called "Full Funding" (100% Funded). As each asset ages and becomes "used up," the Reserve Fund grows proportionally. This is simple, responsible, and our recommendation.  Evidence shows that associations in the 70 - 130% range enjoy a low risk of special assessments or deferred maintenance.
Allowing the Reserves to fall close to zero, but not below zero, is called Baseline Funding. Doing so allows the Reserve Fund to drop into the 0 - 30% range, where there is a high risk of special assessments & deferred maintenance. Since Baseline Funding still provides for the timely execution of all Reserve projects, and only the "margin of safety" is different, recommended Reserve transfers for Baseline Funding average only 10% to 15% less than Full Funding recommendations. Threshold Funding is the title of all other Cash or Percent Funded objectives between Baseline Funding and Full Funding.

PRELIMINARY - BUDGET	
FISCAL YEAR 2026-2027	

KEY MARCO	
COMMUNITY DEVELOPMENT DISTRICT	

April 8, 2026	
DRAFT #1	

KEY MARCO	
Community Development District	

TABLE OF CONTENTS

OPERATING BUDGET	PAGE #

General Fund

Summary of Revenues, Expenditures and Changes in Fund
Balance	Page 1-2	

Exhibit A - Allocation of Fund Balances	Page 3

KEY MARCO	
Community Development District	General Fund	

Adopted		Actual		Projected		Total		Proposed	
Budget		Thru		Next		Projected		Budget	
  FY 2025-2026 			3/31/2026				6 Months				9/30/2026			  FY 2026-2027 	

 DESCRIPTION	
REVENUES

Maintenance Assessments - Levy	$227,800	$175,100	
Maintenance Assessments - Discounts (4%)	($9,100)	($6,443)	
Road Use Fee	$5,000	$2,638	
Interest Income	$10,000	$7,409	
Miscellaneous Income	$0	$0	

$52,700 ($2,657)
$2,000
$7,000
$0

27,800 ($9,100)

$227,800	$2	
($9,100)	
$4,638	
$14,409	
$0	

$5,000
$12,000
$0

     
 TOTAL REVENUES	 	$233,700  	$178,704  	$59,043  	$237,747  	$235,700 
EXPENDITURES

Administrative	
Assessments Rolls	
Attorney Fees	
Audit Fees	
Bank Fees	
Computer Support	
Dues, Licenses, Subscriptions	
Engineering Fees	
Insurance - General Liability	
Legal Advertising	
Management Fees	
Office Supplies	
Postage	
Property Appraiser Admin Costs	
Road Use Fee Study	
Supervisors Fees	
Tax Collector (2% Commission)	
Transcribing Costs	

$500	
$7,000	
$5,000	
$0	
$660	
$185	
$10,000	
$55,000	
$1,000	
$10	
$200	
$20	
$830	
$0	
$5,000	
$3,000	
$0	

$0	
$1,639	
$0	
$0	
$510	
$175	
$906	
$50,358	
$0	
$0	
$0	
$18	
$1,900	
$0	
$1,800	
$938	
$0	

$0	
$3,000	
$5,000	
$0	
$190	
$0	
$3,000	
$4,000	
$500	
$10	
$200	
$0	
$0	
$0	
$3,000	
$1,000	
$0	

$0	
$4,639	
$5,000	
$0	
$700	
$175	
$3,906	
$54,358	
$500	
$10	
$200	
$18	
$1,900	
$0	
$4,800	
$1,938	
$0	

$0	
$5,000	
$5,000	
$0	
$700	
$185	
$7,500	
$55,000	
$1,000	
$10	
$200	
$20	
$2,000	
$0	
$5,000	
$3,000	
$0	

 TOTAL ADMINISTRATIVE	 	$88,405  	$58,243  	$19,900  	$78,143  	$84,615 

Reserves						
Bridge Inspection Reserves (See Below Item)	$5,000	$0	$0	$0	$0	
Bridge Reserves (Inspection & Maintenance)	$18,000	$0	$0	$0	$25,000	
Road Reserve	$40,000	$25,000	$0	$25,000	$45,000	
Gatehouse Reserves	$0	$22,600	$0	$22,600	$20,000	
Irrigation Infrastructure Reserves	$0	$1,574	$0	$1,574	$10,000	
 Hurricane Contingency			$40,000		$0		$0		$0		$20,000 	
 TOTAL RESERVE			$103,000		$49,174		$0		$49,174		$120,000 	

KEY MARCO	
Community Development District	General Fund	

		Adopted		Actual		Projected		Total		Proposed	
		Budget		Thru		Next		Projected		Budget	
DESCRIPTION		  FY 2025-2026 			3/31/2026				6 Months				9/30/2026			FY 2026-2027	

Capital Expenditures & Projects			
Gatehouse Paver & Curb Repair		$10,000	$0	$10,000	$10,000	$0	
Irrigation Pump Upgrade		$9,000	$0	$9,000	$9,000	$0	
Solar Streetlighting		$0	$0	$0	$0	$0	
Solar Bridge Navigation Lighting		$10,000	$0	$12,000	$12,000	$0	
Gatehouse Security Systems Upgrade		$0	$0	$0	$0	$12,000	
TOTAL CAPITAL EXPENDITURES & PROJECTS		$29,000	$0	$31,000	$31,000	$12,000	

Road Maintenance	
Repairs & Maintenance Catch Basins & Culverts	$10,000	$5,938	

$0	$5,938	$10,000

TOTAL FIELD		$10,000  	$5,938  	$0  	$5,938 	$10,000

							
TOTAL EXPENDITURES		$230,405	$113,354	$50,900	$164,254	$226,615	

Contingency Reserve (Excess Revenue)			$3,295 			$65,350 			$8,143 			$73,493 		$9,085	
NET CHANGE IN FUND BALANCE		$3,295		$65,350		$8,143		$73,493		$9,085	
FUND BALANCE - BEGINNING		$959,087		$962,382		$0		$962,382		$1,035,875	
FUND BALANCE - ENDING		$962,382		$1,027,732		$8,143		$1,035,875		$1,044,960	

Net Assessment	
Discounts 4%	
Gross Assessment	

$218,790	
$9,010	
$227,800	

Unit Type	
Single Family Hom	

# of Units	Gross
Per Unit	Gross
Total	
134	$1,600	$227,800	
134		$227,800	

KEY MARCO	
Community Development District	

EXHIBIT "A"	
Allocation of Fund Balances	
AVAILABLE FUNDS	AMOUNT

Beginning Fund Balance - Fiscal Year 2026-2027	$1,035,875 Net Change in Fund Balance - Fiscal Year 2026-2027		$14,085 Reserves - Fiscal Year 2025 Additions		$62,000

TOTAL FUNDS AVAILABLE (ESTIMATED) - 9/30/2026	$1,111,960

ALLOCATION OF AVAILABLE FUNDS

Assigned Fund Balance

Operating Reserve - First Quarter Operating
Capital	$120,000	

Subtotal		$120,000 	

TOTAL ALLOCATION OF AVAILABLE FUNDS	$120,000

TOTAL UNAASIGNED (UNDESIGNATED) CASH		$991,960 

5:28 PM	Key Marco Community Development District
04/09/26	Balance Sheet
Accrual Basis	As of March 31, 2026

Mar 31, 26

ASSETS
Current Assets Checking/Savings		
1000 ꞏ Fifth Third Public Fund	357,677.03	
1001 ꞏ Fifth Third Money Market	249,060.30	
1002 ꞏ First Horizon Money Market	249,394.86	
1003 ꞏ Seacoast Bank Money Market	246,504.89	
Total Checking/Savings	1,102,637.08	
Other Current Assets		
1800 ꞏ Prepaid Expenses	-3,705.95	
Total Other Current Assets	-3,705.95	
Total Current Assets	1,098,931.13	
TOTAL ASSETS	1,098,931.13	
LIABILITIES & EQUITY		
Liabilities
Current Liabilities Accounts Payable
20000 ꞏ Accounts Payable	

-405.00	
Total Accounts Payable	-405.00	
Other Current Liabilities		
2500 ꞏ Deposits and Prepaid Items	-3,705.95	
Total Other Current Liabilities	-3,705.95	
Total Current Liabilities	-4,110.95	
Total Liabilities	-4,110.95	
Equity		
30000 ꞏ Opening Balance Equity	2,341.71	
3100 ꞏ Unassigned Fund Balance	899.11	
32000 ꞏ Retained Earnings	1,032,506.22	
9000 ꞏ Supspense Account	4,425.48	
Net Income	62,869.56	
Total Equity	1,103,042.08	
TOTAL LIABILITIES & EQUITY	1,098,931.13	

Page 1

Key Marco Community Development District
Profit & Loss Budget Performance
March 2026

Mar 26	Budget	Oct '25 - Mar...	YTD Budget	Annual Bud...
Income
4000 ꞏ Maintenance Assessements (4%)	0		-1,820		-6,443		-9,100		-9,100	
4001 ꞏ Maintenance Assessments - Levy	0		11,900		175,100		198,900		227,800	
4002 ꞏ Miscellaneous Income	0		0		0		0		0	
4003 ꞏ Interest Income	397		833		7,409		5,000		10,000	
4004 ꞏ Road Use Fee Revenue	0		417		2,638		2,500		5,000	
Total Income	397		11,330		178,704		197,300		233,700	
Gross Profit	397		11,330		178,704		197,300		233,700	
Expense										
6000 ꞏ ACCESS CONTROL	
R&M Gatehouse	5,800		22,600			
Total 6000 ꞏ ACCESS CONTROL	
5,800		
22,600			
6100 ꞏ ADMINISTRATION						
6101 ꞏ Accounting Services	0	0	0	0	0	
6102 ꞏ Assessment Rolls	0		0	500	500	
6103 ꞏ Attorney Fees	691	583	1,639	3,500	7,000	
6104 ꞏ Audit Fees	0	417	0	2,500	5,000	
6105 ꞏ Bank Fees	0	0	0	0	0	
6106 ꞏ Computer- Website Support	0	0	510	330	660	
6107 ꞏ Dues, Licenses, Subscriptions	0		175	185	185	
6108 ꞏ Engineering Fees	0	833	906	5,000	10,000	
6109 ꞏ FICA Taxes	0		0	0	0	
6110 ꞏ Insurances	167	595	50,358	51,428	55,000	
6111 ꞏ Legal Advertising	0	83	0	500	1,000	
6113 ꞏ Office Supplies	0	0	0	200	200	
6114 ꞏ Postage	0		18	20	20	
6115 ꞏ Property Appraiser	0		1,900	830	830	
6116 ꞏ Property Tax Collector (2%)	0	250	938	1,500	3,000	
6117 ꞏ Rentals & Leases	0		0	0	0	
6118 ꞏ Road Use Fee Study	0		0	0	0	
6119 ꞏ Supervisor Expenses	0	0	1,800	3,000	5,000	

	Mar 26			Budget		Oct '25 - Mar...		YTD Budget		Annual Bud...	
6120 ꞏ Trascription Costs	0			
		0		0		0	
Total 6100 ꞏ ADMINISTRATION		858		2,762		58,243		69,493		88,395	
6200 ꞏ CAPITAL EXPENDITURES & PROJECTS
Bridge Sidewalk/Curb Painting	
0			
0		
0		
0		
0	
Gatehouse Paver & Curb Repair	0			0		0		0		10,000	
Hurricane Contingency	0					0		40,000		40,000	
Irrigation Pump Upgrade	0			0		1,574		0		9,000	
6201 ꞏ Bridge Inspection Reserves	0			0		0		5,000		5,000	
6202 ꞏ Bridge Painting	0			0		0		0		0	
6203 ꞏ Bridge Reserves	0			0		0		18,000		18,000	
6204 ꞏ Contigency Reserves	0			0		2,480		5,295		5,295	
6206 ꞏ Gate Operator Replacement	0					0		0		0	
6208 ꞏ Landscape Improvements	0					0		0		0	
6209 ꞏ Landscape Lighting	0					0		0		0	
6210 ꞏ Roads	0			0		25,000		40,000		40,000	
6211 ꞏ Roads - Root Barrier	0					0		0		0	
6212 ꞏ Solar Bridge Navigation Lights	0			0		0		0		10,000	
6213 ꞏ Street Lighting	0			
		0		0		0	
Total 6200 ꞏ CAPITAL EXPENDITURES & PROJE...		0		0		29,054		108,295		137,295	
6300 ꞏ STREET LIGHTING
6301 ꞏ Holiday Decor	
0					
0		
0		
0	
6302 ꞏ R&M - General	0					0		0		0	
6303 ꞏ Utilities - Electric	0					0		0		0	
Total 6300 ꞏ STREET LIGHTING		0				
0		
0		
0	
6400 ꞏ ROADWAY SERVICES
6401 ꞏ Repairs & Maintenance	
0					
5,938		
10,000		
10,000	
Total 6400 ꞏ ROADWAY SERVICES		0				
5,938		
10,000		
10,000	
6500 ꞏ Hurricane Ian Expenses
6501 ꞏ Hurricane Ian Debris Cleanup	
0					
0		
0		
0	

	Mar 26		Budget		Oct '25 - Mar...		YTD Budget		Annual Bud...	
6502 ꞏ Hurricane Ian Gatehouse Repair	0				0		0		0	
6503 ꞏ Hurricane Ian Irrigation Repair	0				0		0		0	
6500 ꞏ Hurricane Ian Expenses - Other	0				0		0		0	
Total 6500 ꞏ Hurricane Ian Expenses	
0				
0		
0		
0	
6600 ꞏ Irrigation Services	0				0		0		0	
6700 ꞏ MAINTENANCE AND LANDSCAPING	0				0		0		0	
Total Expense	6,658		2,762		115,834		187,788		235,690	
Net Income	-6,261		8,568		62,870		9,512		-1,990