Sebastian River Improvement District

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

CONTENTS

I	FINAL BUDGET

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

REVENUES	
FISCAL YEAR 2016/2017
ACTUAL	
FISCAL YEAR 2017/2018
BUDGET	
FISCAL YEAR 2018/2019
BUDGET	

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

Notes

Assessable Acres = 10,046

FY 2016 Assessment per Acre = $13.50
FY 2016 Budgeted Carryover Funding Assessment per Acre = $1.54

FY 2017 Assessment per Acre = $14.50
FY 2017 Budgeted Carryover Funding Assessment per Acre = $5.26

FY 2018 Assessment per Acre = $16.50
FY 2018 Budgeted Carryover Funding Assessment per Acre = $3.39

FY 2019 Assessment per Acre = $17.50
FY 2019 Budgeted Carryover Funding Assessment per Acre = $3.32

FUND BALANCE AS OF 9/30/16	$ 216,662.73	
FY 2016/2017 BUDGET ACTIVITY	$	11,066.48	
FUND BALANCE AS OF 9/30/17	$ 227,729.21	

I