Sebastian River Improvement District

Final Amended Budget Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

FINAL AMENDED BUDGET
SEBASTIAN RIVER IMPROVEMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
NAV ASSESSMENTS	175,755	182,319	182,319	
R-O-W USE FEES	14,765	14,765	14,765	
PERMIT FEES	5,000	4,700	4,700	
OTHER REVENUES	0	6,343	6,343	
INTEREST INCOME	840	4,887	4,887	
TOTAL REVENUES	$	196,360	$	213,014	$	213,014	
				
EXPENDITURES				
LEGAL	7,500	5,830	5,830	
LEGAL - SPECIAL COUNSEL	0	30,000	24,801	
LEGAL - EXTRAORDINARY (EMIMENT DOMAIN - FDOT)	0	15,028	15,028	
DISTRICT ADMINISTRATIVE	27,000	27,000	27,000	
OPERATIONS MANAGER	18,000	18,000	18,000	
OPERATIONS MANAGER - PAYROLL TAXES	1,377	1,377	1,377	
ENGINEERING /GENERAL	25,000	25,000	23,445	
ENGINEERING / FEMA FLOOD MAPS	0	7,000	6,943	
ENGINEERING / LATERAL D WATERSHED	0	19,500	18,910	
ENGINEERING / MOWING CONTRACT	0	8,500	7,957	
ENGINEERING /PERMIT	5,000	0	0	
ENGINEERING /SPECIAL PROJECTS	5,000	0	0	
ACCOUNTING / AUDIT	6,750	6,250	6,250	
INSURANCE	7,293	5,500	5,500	
WEBSITE MANAGEMENT	1,500	1,500	1,500	
DUES & SUBSCRIPTIONS	925	925	925	
LEGAL ADVERISEMENTS	950	1,250	1,037	
MISCELLANEOUS	1,900	2,500	2,378	
LAWN MAINTENANCE	0	1,460	1,460	
WATER QUALITY ANALYTICAL SERVICE	1,000	972	972	
R-O-W MAINTENANCE	50,000	0	0	
C/L VEGETATION MANAGEMENT	50,000	0	0	
CANAL/LATERAL MAINTENANCE	0	100,000	98,321	
MISCELLANEOUS MAINTENANCE	10,000	5,000	291	
TOTAL EXPENDITURES	$	219,195	$	282,592	$	267,925	
				
REVENUES LESS EXPENDITURES	$	(22,835)	$	(69,578)	$	(54,911)	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(3,515)	(1,560)	(1,560)	
DISCOUNTS FOR EARLY PAYMENTS	(7,030)	(5,921)	(5,921)	
				
EXCESS/ (SHORTFALL)	$	(33,380)	$	(77,059)	$	(62,392)	
				
PREVIOUS YEAR CARRY OVER	33,380	33,380	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(43,679)	$	(62,392)	

Notes
Assessable Acres = 10,046

FY 2019 Assessment per Acre = $17.50
FY 2019 Budgeted (Carry Over) Funding Assessment per Acre = $3.32

FUND BALANCE AS OF 9/30/18	$	116,188.00	
FY 2018/2019 AMENDED ACTIVITY	$	(77,059.00)	
FUND BALANCE AS OF 9/30/19	$	39,129.00	

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