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PROPOSED BUDGET
<br />SEBASTIAN RIVER IMPROVEMENT DISTRICT
<br />FISCAL YEAR 2022/2023
<br />OCTOBER 1, 2022 - SEPTEMBER 30, 2023
<br />Notes
<br />Assessable Acres = 10,046
<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 />FY 2022 Assessment per Acre = $30.70
<br />FY 2022 Budgeted Carryover Funding Assessment per Acre = $0.00
<br />FY 2023 Assessment per Acre = $30.70
<br />FY 2023 Budgeted Carryover Funding Assessment per Acre = $0.00
<br />FUND BALANCE AS OF 9/30/20 $ 257 145.00
<br />FY 2020/2021 BUDGET ACTIVITY $ 514 866.00
<br />FUND BALANCE AS OF 9/30/21 $ 257 721.00
<br />FUND BALANCE AS OF 9/30/21 $ 257 721.00
<br />PROJECTED FY 2021/2022 BUDGET ACTIVITY $ 577 087.00
<br />PROJECTED FUND BALANCE AS OF 9/30/22 $ 319 366.00
<br />FISCAL YEAR FISCAL YEAR
<br />FISCAL YEAR '
<br />2020/2021
<br />2021/2022
<br />2022/2023
<br />REVENUES
<br />ACTUAL
<br />BUDGET
<br />BUDGET COMMENTS
<br />NAV ASSESSMENTS
<br />234,260
<br />308,436
<br />308,43f 10,046 Acres a$30.70
<br />R -O -W USE FEES
<br />15,015
<br />14,765
<br />16.765
<br />PERMIT FEES
<br />1,741
<br />5,000
<br />5,()00
<br />OTHER REVENUES
<br />79,031
<br />0
<br />0
<br />INTEREST INCOME
<br />1,029
<br />960
<br />960 Interest Pro'ected At $80 Per Month
<br />TOTAL REVENUES
<br />$
<br />331,076 $
<br />329,161 $
<br />331,161
<br />EXPENDITURES
<br />LEGAL
<br />9,691
<br />20 000
<br />A9. 20,000 No Change From 2021/2022 Budget
<br />LEGAL -SPECIAL COUNSEL
<br />525,742
<br />0
<br />0 Fiscal Year 2020/2021 Expenditure
<br />LEGAL - OTHER
<br />113,829
<br />0
<br />0 Fiscal Year 2020/2021 Expenditure
<br />DISTRICT ADMINISTRATIVE
<br />27,000
<br />27,000 §
<br />30 000 $2.500 Per Month
<br />OPERATIONS MANAGER
<br />21,000
<br />21,000
<br />210001 No Change From 2021/2022 Budget
<br />OPERATIONS MANAGER -PAYROLL TAXES
<br />1,607
<br />1,607 ?
<br />1 607 O erations Mana er'7.65
<br />ENGINEERING /GENERAL
<br />29,029
<br />45,000 'i
<br />45 000 No Chan a From 2021/2022 Bud et
<br />ENGINEERING /PERMIT
<br />0
<br />5,000 ';
<br />5,000 No Change From 2021/2022 Budget
<br />ENGINEERING /OTHER
<br />49,010
<br />45,000
<br />42 900 FY 2021/2022 Expenditure Th -., h March 2022 Was $13 ---
<br />ACCOUNTING / AUDIT
<br />5,000
<br />5,100 ':
<br />5,200 Accepted Amount For 2021/2022 Audit
<br />INSURANCE
<br />6,353
<br />9,600
<br />` 20 000 Insurance Estimate - Anticipated Increase Due To Litigation
<br />WEBSITE MANAGEMENT
<br />2,000
<br />2,000 %`
<br />2 000 No Chan a From 2021/2022 Bud et
<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 />968
<br />1 150
<br />1 150 No Chan a From 2021/2022 Bud et
<br />MISCELLANEOUS
<br />4,126
<br />3,000
<br />4,100 Includes Travel Postage & Office Supplies
<br />WATER QUALITY ANALYTICAL SERVICE
<br />1,008
<br />1,000
<br />1 000 Ouarterlv Service
<br />MAINTENANCE CONTRACT ROW
<br />39,733
<br />113,2
<br />0 273 $3,000 Decrease From 2021/2022 Budget
<br />MISCELLANEOUS MAINTENANCE
<br />37
<br />10,000
<br />$7,500 Decrease From 2021/2022 Budget
<br />TOTAL EXPENDITURES
<br />$
<br />837,058 $
<br />310,655 $
<br />312,655
<br />REVENUES LESS EXPENDITURES
<br />$
<br />(505,982) $
<br />18,506 $
<br />18,506
<br />COUNTY APPRAISER & TAX COLLECTOR FEE
<br />(1.712)
<br />(6.169)
<br />6 169 Two Percent Of Total Assessment Roll
<br />DISCOUNTS FOR EARLY PAYMENTS
<br />172
<br />1233
<br />12 337 Four Percent Of Total Assessment Roll
<br />EXCESS/ SHORTFALL
<br />$
<br />(514,866
<br />PREVIOUS YEAR CARRYOVER
<br />-" Comes from Current Fund Balance
<br />NET EXCESS/ SHORTFALL
<br />$
<br />(514,866)1
<br />Notes
<br />Assessable Acres = 10,046
<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 />FY 2022 Assessment per Acre = $30.70
<br />FY 2022 Budgeted Carryover Funding Assessment per Acre = $0.00
<br />FY 2023 Assessment per Acre = $30.70
<br />FY 2023 Budgeted Carryover Funding Assessment per Acre = $0.00
<br />FUND BALANCE AS OF 9/30/20 $ 257 145.00
<br />FY 2020/2021 BUDGET ACTIVITY $ 514 866.00
<br />FUND BALANCE AS OF 9/30/21 $ 257 721.00
<br />FUND BALANCE AS OF 9/30/21 $ 257 721.00
<br />PROJECTED FY 2021/2022 BUDGET ACTIVITY $ 577 087.00
<br />PROJECTED FUND BALANCE AS OF 9/30/22 $ 319 366.00
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