Sebastian River Improvement District

Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

I	FINAL BUDGET

FINAL BUDGET
SEBASTIAN RIVER IMPROVEMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019
ACTUAL	
FISCAL YEAR 2019/2020
BUDGET	
FISCAL YEAR 2020/2021
BUDGET	

COMMENTS	
NAV ASSESSMENTS	182,319	185,851	225,989	10,046 Acres @ $22.50	
R-O-W USE FEES	14,765	14,765	16,515		
PERMIT FEES	4,700	5,000	5,000		
OTHER REVENUES	6,343	0	0		
INTEREST INCOME	4,887	960	960	Interest Projected At $80 Per Month	
					
TOTAL REVENUES	$	213,014	$	206,576	$	248,464		
					
EXPENDITURES					
LEGAL	5,830	7,500	10,000	$2,500 Increase From 2019/2020 Budget	
LEGAL - SPECIAL COUNSEL	24,801	10,000	20,000	$10,000 Increase From 2019/2020 Budget	
LEGAL - EMINENT DOMAIN - FDOT)	15,028	0	0		
DISTRICT ADMINISTRATIVE	27,000	27,000	27,000	$2,250 Per Month	
OPERATIONS MANAGER	18,000	18,000	21,000	$3,000 Increase From 2019/2020 Budget	
OPERATIONS MANAGER - PAYROLL TAXES	1,377	1,377	1,607	Operations Manager *7.65%	
ENGINEERING /GENERAL	23,445	25,000	25,000	No Change From 2019/2020 Budget	
ENGINEERING /PERMIT	0	5,000	5,000	No Change From 2019/2020 Budget	
ENGINEERING /SPECIAL PROJECTS	33,810	5,000	25,000	$20,000 Increase From 2019/2020 Budget	
ACCOUNTING / AUDIT	6,250	7,000	7,000	No Change From 2019/2020 Budget	
INSURANCE	5,500	7,000	6,800	Insurance Estimate	
WEBSITE MANAGEMENT	1,500	2,000	2,000	No Change From 2019/2020 Budget	
DUES & SUBSCRIPTIONS	925	925	925	$175 For Dept Of Economic Opportunity - $750 For FL Assoc Special Districts	
LEGAL ADVERISEMENTS	1,037	950	1,050	$100 Increase From 2019/2020 Budget	
MISCELLANEOUS	2,378	2,200	2,400	Includes Travel, Postage & Office Supplies	
WATER QUALITY ANALYTICAL SERVICE	972	1,000	1,000	Quarterly Service	
MAINTENANCE CONTRACT	0	100,000	113,273	$13,273 Increase From 2019/2020 Budget	
MISCELLANEOUS MAINTENANCE	100,072	10,000	10,000	No Change From 2019/2020 Budget	
					
TOTAL EXPENDITURES	$	267,925	$	229,952	$	279,055		
					
REVENUES LESS EXPENDITURES	$	(54,911)	$	(23,376)	$	(30,591)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,560)	(3,716)	(3,917)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(5,921)	(7,433)	(7,834)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(62,392)	$	(34,525)	$	(42,342)		
					
PREVIOUS YEAR CARRYOVER	-	34,525	42,342	Comes from Current Fund Balance	
					
NET EXCESS/ (SHORTFALL)	$	(62,392)	$	-	$	-		

Notes

Assessable Acres = 10,046

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

FY 2020 Assessment per Acre = $18.50
FY 2020 Budgeted Carryover Funding Assessment per Acre = $3.66

FY 2021 Assessment per Acre = $22.50
FY 2021 Budgeted Carryover Funding Assessment per Acre = $4.21

FUND BALANCE AS OF 9/30/18	$ 116,188.25	
FY 2018/2019 BUDGET ACTIVITY	$ (62,391.87)	
FUND BALANCE AS OF 9/30/19	$	53,796.38	
Note: $323,332 Received From FDOT In December 2019.

I