Sebastian River Improvement District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I	PROPOSED BUDGET

PROPOSED BUDGET
SEBASTIAN RIVER IMPROVEMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
NAV ASSESSMENTS	320,633	308,436	308,436	10,046 Acres @ $30.70	
R-O-W USE FEES	16,765	25,515	25,515		
PERMIT FEES	10,759	5,000	5,000		
OTHER REVENUES	0	0	0		
INTEREST INCOME	34,159	1,200	2,400	Interest Projected At $200 Per Month	
TOTAL REVENUES	$	382,316	$	340,151	$	341,351		
					
EXPENDITURES					
LEGAL	12,348	20,000	20,000	No Change From 2023/2024 Budget	
DISTRICT ADMINISTRATIVE	30,000	30,000	30,000	$2,500 Per Month	
OPERATIONS MANAGER	21,000	21,000	21,000	No Change From 2023/2024 Budget	
OPERATIONS MANAGER - PAYROLL TAXES	1,607	1,607	1,607	Operations Manager *7.65%	
ENGINEERING /GENERAL	46,297	55,000	70,000	FY 2023/2024 Expenditure Through March 2024 Was $42,987	
ENGINEERING /PERMIT	0	5,000	5,000	No Change From 2023/2024 Budget	
ENGINEERING /OTHER	5,242	32,000	14,000	$18,000 Decrease From 2023/2024 Budget	
ACCOUNTING / AUDIT	5,200	5,300	5,400	Accepted Amount For 2023/2024 Audit	
INSURANCE	9,090	15,000	12,000	FY 2023/2024 Expenditure Was $9,772	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2023/2024 Budget	
DUES & SUBSCRIPTIONS	2,990	925	3,000	$175 For Dept Of Economic Opportunity - $2,775 For FL Assoc Special Districts	
LEGAL ADVERTISEMENTS	1,401	1,150	1,400	$250 Increase From 2023/2024 Budget	
MISCELLANEOUS	3,471	4,163	3,938	Includes Travel, Postage & Office Supplies	
WATER QUALITY ANALYTICAL SERVICE	946	1,000	1,000	Quarterly Service	
MAINTENANCE CONTRACT (ROW)	137,456	125,000	130,000	Includes Bank Mowing, Canal Maintenance & ROW Maintenance Evaluation	
MISCELLANEOUS MAINTENANCE	1,595	2,500	2,500	No Change From 2023/2024 Budget	
TOTAL EXPENDITURES	$	280,643	$	321,645	$	322,845		
					
REVENUES LESS EXPENDITURES	$	101,673	$	18,506	$	18,506		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,771)	(6,169)	(6,169)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(9,422)	(12,337)	(12,337)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	90,480	$	-	$	-		
					
PREVIOUS YEAR CARRYOVER	-	-	-	Comes from Current Fund Balance	
					
NET EXCESS/ (SHORTFALL)	$	90,480	$	-	$	-		
Notes
Assessable Acres = 10,046

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

FY 2023 Assessment per Acre = $30.70
FY 2023 Budgeted Carryover Funding Assessment per Acre = $0.00

FY 2024 Assessment per Acre = $30.70
FY 2024 Budgeted Carryover Funding Assessment per Acre = $0.00

FY 2025 Assessment per Acre = $30.70
FY 2025 Budgeted Carryover Funding Assessment per Acre = $0.00

FUND BALANCE AS OF 9/30/23	$ 1,003,344.00	
PROJECTED FY 2023/2024 BUDGET ACTIVITY	$	-	
PROJECTED FUND BALANCE AS OF 9/30/24	$ 1,003,344.00	

FUND BALANCE AS OF 9/30/24	$ 1,003,344.00	
PROJECTED FY 2024/2025 BUDGET ACTIVITY	$	-	
PROJECTED FUND BALANCE AS OF 9/30/25	$ 1,003,344.00	

I