Sebastian River Improvement District

Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

I	FINAL BUDGET

FINAL BUDGET
SEBASTIAN RIVER IMPROVEMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2019/2020
ACTUAL	
FISCAL YEAR 2020/2021
BUDGET	
FISCAL YEAR 2021/2022
BUDGET	

COMMENTS	
NAV ASSESSMENTS	192,526	225,989	308,436	10,046 Acres @ $30.70	
R-O-W USE FEES	23,515	16,515	14,765		
PERMIT FEES	6,550	5,000	5,000		
OTHER REVENUES	423,015	0	0		
INTEREST INCOME	2,494	960	960	Interest Projected At $80 Per Month	
					
TOTAL REVENUES	$	648,100	$	248,464	$	329,161		
					
EXPENDITURES					
LEGAL	20,874	10,000	20,000	$10,000 Increase From 2020/2021 Budget	
LEGAL - SPECIAL COUNSEL	97,689	20,000	0	Line Item Eliminated	
LEGAL - OTHER	29,053	0	0		
DISTRICT ADMINISTRATIVE	27,000	27,000	27,000	$2,250 Per Month	
OPERATIONS MANAGER	18,000	21,000	21,000	No Change From 2020/2021 Budget	
OPERATIONS MANAGER - PAYROLL TAXES	1,377	1,607	1,607	Operations Manager *7.65%	
ENGINEERING /GENERAL	59,101	25,000	45,000	$20,000 Increase From 2020/2021 Budget	
ENGINEERING /PERMIT	0	5,000	5,000	No Change From 2020/2021 Budget	
ENGINEERING /OTHER	49,201	25,000	45,000	$20,000 Increase From 2020/2021 Budget	
ACCOUNTING / AUDIT	6,250	7,000	5,100	Accepted Amount For 2020/2021 Auidt	
INSURANCE	5,775	6,800	9,600	Insurance Estimate	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2020/2021 Budget	
DUES & SUBSCRIPTIONS	925	925	925	$175 For Dept Of Economic Opportunity - $750 For FL Assoc Special Districts	
LEGAL ADVERISEMENTS	1,285	1,050	1,150	$100 Increase From 2020/2021 Budget	
MISCELLANEOUS	3,606	2,400	3,000	Includes Travel, Postage & Office Supplies	
WATER QUALITY ANALYTICAL SERVICE	999	1,000	1,000	Quarterly Service	
MAINTENANCE CONTRACT	0	113,273	113,273	No Change From 2020/2021 Budget	
MISCELLANEOUS MAINTENANCE	113,928	10,000	10,000	No Change From 2020/2021 Budget	
					
TOTAL EXPENDITURES	$	437,063	$	279,055	$	310,655		
					
REVENUES LESS EXPENDITURES	$	211,037	$	(30,591)	$	18,506		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,588)	(3,917)	(6,169)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(6,101)	(7,834)	(12,337)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	203,348	$	(42,342)	$	-		
					
PREVIOUS YEAR CARRYOVER	-	42,342	-	Comes from Current Fund Balance	
					
NET EXCESS/ (SHORTFALL)	$	203,348	$	-	$	-		

Notes

Assessable Acres = 10,046

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

FY 2022 Assessment per Acre = $30.70
FY 2022 Budgeted Carryover Funding Assessment per Acre = $0.00

FUND BALANCE AS OF 9/30/19	$	53,797.00	
FY 2019/2020 BUDGET ACTIVITY	$ 203,348.00	
FUND BALANCE AS OF 9/30/20	$ 257,145.00	

I