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PROPOSED BUDGET
<br />SEBASTIAN RIVER IMPROVEMENT DISTRICT
<br />FISCAL YEAR 2018/2019
<br />OCTOBER 1, 2018 - SEPTEMBER 30, 2019
<br />REVENUES
<br />FISCAL YEAR FISCAL YEAR
<br />2016/2017 2017/2018
<br />ACTUAL BUDGET
<br />FISCAL YEAR
<br />2018/2019
<br />BUDGET COMMENTS
<br />NAV ASSESSMENTS
<br />149,989
<br />165,745
<br />175,755 10,046 Acres @ $17.50
<br />R -O -W USE FEES
<br />14,765
<br />14,500
<br />14,765
<br />PERMIT FEES
<br />0
<br />0
<br />5,000
<br />OTHER REVENUES
<br />0
<br />1,000
<br />0
<br />INTEREST INCOME
<br />2,112
<br />750
<br />840 Interest Projected At $70 Per Month
<br />TOTAL REVENUES
<br />$
<br />166,866 $
<br />181,995 $
<br />196,360
<br />EXPENDITURES
<br />LEGAL
<br />7,152
<br />6,500
<br />7,500 $1,000 Increase From 2017/2018 Budget
<br />DISTRICT ADMINISTRATIVE
<br />26,298
<br />27,000
<br />27,000 $2,250 Per Month
<br />OPERATIONS MANAGER
<br />18,000
<br />18,000
<br />18,000 No Change From 2017/2018 Budget
<br />OPERATIONS MANAGER - PAYROLL TAXES
<br />1,377
<br />1,377
<br />1,377 Operations Manager `7.65%
<br />ENGINEERING /GENERAL
<br />25,789
<br />25,000
<br />25,000 No Change From 2017/2018 Budget
<br />ENGINEERING /PERMIT
<br />0
<br />0
<br />5,000 Engineering/Permit
<br />ENGINEERING /SPECIAL PROJECTS
<br />12,217
<br />0
<br />5,000 Engineering/Special Projects
<br />ACCOUNTING / AUDIT
<br />6,250
<br />6,500
<br />6,750 $250 Increase From 2017/2018 Budget
<br />INSURANCE
<br />6,630
<br />7,293
<br />7,293 Insurance Company Estimate
<br />WEBSITE MANAGEMENT
<br />1,500
<br />1,500
<br />1,500 No Change From 2017/2018 Budget
<br />OTHER OPERATING FEES
<br />0
<br />4,923
<br />0 Line Item Eliminated
<br />DUES & SUBSCRIPTIONS
<br />925
<br />925
<br />925 $175 For Dept Of Economic Opportunity- $750 For FL Assoc Special Districts
<br />LEGAL ADVERISEMENTS
<br />758
<br />950
<br />950 No Change From 2017/2018 Budget
<br />MISCELLANEOUS
<br />1,793
<br />1,825
<br />1,900 Includes Travel, Postage & Office Supplies
<br />WATER QUALITY ANALYTICAL SERVICE
<br />922
<br />0
<br />1,000 Quarterly Service
<br />R -O -W MAINTENANCE
<br />30,213
<br />50,000
<br />50,000 No Change From 2017/2018 Budget
<br />C/L VEGETATION MANAGEMENT
<br />0
<br />50,000
<br />50,000 No Change From 2017/2018 Budget
<br />MISCELLANEOUS MAINTENANCE
<br />9,625
<br />5,000
<br />10,000 $5,000 Increase From 2017/2018 Budget
<br />TOTAL EXPENDITURES
<br />$
<br />149,449 $
<br />206,793 $
<br />219,195
<br />REVENUES LESS EXPENDITURES
<br />$
<br />17,417 $
<br />24,798 $
<br />22,835
<br />COUNTY APPRAISER & TAX COLLECTOR FEE
<br />1,507
<br />3,115
<br />(3,515) Two Percent Of Total Assessment Roll
<br />DISCOUNTS FOR EARLY PAYMENTS
<br />(4,844)
<br />6,230
<br />(7,030) Four Percent Of Total Assessment Roll
<br />EXCESS/ SHORTFALL
<br />$
<br />11,066 $
<br />34,143 $
<br />(33,380)
<br />PREVIOUS YEAR CARRYOVER
<br />34,143
<br />33,380 Comes from Current Fund Balance
<br />NET EXCESS/ SHORTFALL
<br />$
<br />11,066 1 $
<br />$
<br />Notes
<br />Assessable Acres = 10,046
<br />FY 2016 Assessment per Acre = $13.50
<br />FY 2016 Budgeted Carryover Funding Assessment per Acre = $1.54
<br />FY 2017 Assessment per Acre = $14.50
<br />FY 2017 Budgeted Carryover Funding Assessment per Acre = $5.26
<br />FY 2018 Assessment per Acre = $16.50
<br />FY 2018 Budgeted Carryover Funding Assessment per Acre = $3.39
<br />FY 2019 Assessment per Acre = $17.50
<br />FY 2019 Budgeted Carryover Funding Assessment per Acre = $3.32
<br />FUND BALANCE AS OF 9/30/16 $ 216,662.73
<br />FY 2016/2017 BUDGET ACTIVITY $ 11,066.48
<br />FUND BALANCE AS OF 9/30/17 $ 227,729.21
<br />:; 2018
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