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PROPOSED BUDGET
<br />SEBASTIAN RIVER IMPROVEMENT DISTRICT
<br />FISCAL YEAR 2020/2021
<br />OCTOBER 1, 2020 - SEPTEMBER 30, 2021
<br />REVENUES
<br />FISCAL YEAR FISCAL YEAR
<br />2018/2019 2019/2020
<br />ACTUAL BUDGET
<br />FISCAL YEAR
<br />2020/2021
<br />BUDGET COMMENTS
<br />NAV ASSESSMENTS
<br />182,319
<br />185,851
<br />225,989 10,046 Acres @ $22.50
<br />R -O -W USE FEES
<br />14,765
<br />14,765
<br />16,515
<br />PERMIT FEES
<br />4,700
<br />5,000
<br />5,000
<br />OTHER REVENUES
<br />6,343
<br />0
<br />0
<br />INTEREST INCOME
<br />4,887
<br />960
<br />960 Interest Projected At $80 Per Month
<br />TOTAL REVENUES
<br />$
<br />213,014 $
<br />206,676 $
<br />248,464
<br />EXPENDITURES
<br />LEGAL
<br />5,830
<br />7,500
<br />10,000 $2,500 Increase From 2019/2020 Budget
<br />LEGAL - SPECIAL COUNSEL
<br />24,801
<br />10,000
<br />20,000 $10,000 Increase From 2019/2020 Budget
<br />LEGAL - EMINENT DOMAIN - FDOT
<br />15,028
<br />0
<br />0
<br />DISTRICT ADMINISTRATIVE
<br />27,000
<br />27,000
<br />27,000 $2,250 Per Month
<br />OPERATIONS MANAGER
<br />18,000
<br />18,000
<br />21,000 $3,000 Increase From 2019/2020 Budget
<br />OPERATIONS MANAGER - PAYROLL TAXES
<br />1,377
<br />1,377
<br />1,607 Operations Manager *7.65%
<br />ENGINEERING /GENERAL
<br />23,445
<br />25,000
<br />25,000 No Change From 2019/2020 Budget
<br />ENGINEERING /PERMIT
<br />0
<br />5,000
<br />5,000 No Change From 2019/2020 Budget
<br />ENGINEERING /SPECIAL PROJECTS
<br />33,810
<br />5,000
<br />25,000 $20,000 Increase From 2019/2020 Budget
<br />ACCOUNTING /AUDIT
<br />6,250
<br />7,000
<br />7,000 No Chane From 2019/2020 Budget
<br />INSURANCE
<br />5,500
<br />7,000
<br />6,800 Insurance Estimate
<br />WEBSITE MANAGEMENT
<br />1,500
<br />2,000
<br />2,000 No Change From 2019/2020 Budget
<br />DUES & SUBSCRIPTIONS
<br />925
<br />925
<br />925$175 For Dept Of Economic Opportunity -$750For FLAssoc Special Districts
<br />LEGAL ADVERISEMENTS
<br />1,037
<br />950
<br />1,050 $100 Increase From 2019/2020 Budget
<br />MISCELLANEOUS
<br />2,378
<br />2,200
<br />2,400 Includes Travel, Postage & Office Supplies
<br />WATER QUALITY ANALYTICAL SERVICE
<br />972
<br />1,000
<br />1,000 Quarterly Service
<br />MAINTENANCE CONTRACT
<br />0
<br />100,000
<br />113,273 $13,273 Increase From 2019/2020 Budget
<br />MISCELLANEOUS MAINTENANCE
<br />100,072
<br />10,000
<br />10,000 No Change From 2019/2020 Budget
<br />TOTAL EXPENDITURES
<br />$
<br />267,925 $
<br />229,952 $
<br />279,055
<br />REVENUES LESS EXPENDITURES
<br />$
<br />54,911 $
<br />23,376 $
<br />30,591
<br />COUNTY APPRAISER & TAX COLLECTOR FEE
<br />1,560
<br />3,716
<br />3,917 Two Percent Of Total Assessment Roll
<br />DISCOUNTS FOR EARLY PAYMENTS
<br />5,921
<br />7,433
<br />7,834 Four Percent Of Total Assessment Roll
<br />EXCESS/ SHORTFALL
<br />$
<br />62,392 $
<br />34,525 $
<br />42,342
<br />PREVIOUS YEAR CARRYOVER
<br />34,525
<br />42,342 Comes from Current Fund Balance
<br />NET EXCESS/ SHORTFALL
<br />$
<br />62,392 $
<br />$
<br />-
<br />Notes
<br />Assessable Acres = 10,046
<br />FY 2018 Assessment per Acre = $16.50
<br />FY 2018 Budgeted CarryoverFundingAssessment per Acre = $3.39
<br />FY 2019 Assessment per Acre = $17.50
<br />FY 2019 Budgeted Carryover Funding Assessment per Acre = $3.32
<br />FY 2020 Assessment per Acre = $18.50
<br />-FY 2020 Budgeted Carryover Funding Assessment per Acre = $3.66
<br />FY 2021 Assessment per Acre = $22.50
<br />FY 2021 Budgeted Carryover Funding Assessment per Acre = $4.21
<br />FUND BALANCE AS OF 9/30/18 $ 116,188.25
<br />FY 2018/2019 BUDGET ACTIVITY $62,391.87
<br />FUND BALANCE AS OF 9/30/19 $ 53,796.38
<br />Note: $323,332 Received From FDOT In December 2019.
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