Sebastian River Improvement District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

I	FINAL BUDGET

FINAL BUDGET
SEBASTIAN RIVER IMPROVEMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
NAV ASSESSMENTS	319,104	308,436	307,394	10,014.43 Acres @ $30.70	
R-O-W USE FEES	25,515	25,515	25,515		
PERMIT FEES	5,000	5,000	5,000		
OTHER REVENUES	3,000	0	0		
OTHER REVENUES - SALE OF ROW	581,442	0	0		
INTEREST INCOME	60,271	2,400	9,000	Interest Projected At $750 Per Month	
TOTAL REVENUES	$	994,332	$	341,351	$	346,909		
					
EXPENDITURES					
LEGAL	34,167	20,000	25,000	$5,000 Increase From 2024/2025 Budget	
DISTRICT ADMINISTRATIVE	30,000	30,000	30,000	$2,500 Per Month	
OPERATIONS MANAGER	21,000	21,000	21,000	No Change From 2024/2025 Budget	
OPERATIONS MANAGER - PAYROLL TAXES	1,607	1,607	1,607	Operations Manager *7.65%	
ENGINEERING /GENERAL	98,918	70,000	80,000	FY 2024/2025 Expenditure Through December 2024 Was $25,982	
ENGINEERING /PERMIT	0	5,000	5,000	No Change From 2024/2025 Budget	
ENGINEERING /OTHER	0	14,000	10,000	$4,000 Decrease From 2024/2025 Budget	
ACCOUNTING / AUDIT	5,300	5,400	5,500	$100 Increase From 2024/2025 Budget	
INSURANCE	9,772	12,000	14,000	FY 2024/2025 Expenditure Was $10,163	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	1,175	3,000	3,000	$175 For Dept Of Economic Opportunity - $2,825 For FL Assoc Special Districts	
LEGAL ADVERTISEMENTS	918	1,400	1,400	No Change From 2024/2025 Budget	
MISCELLANEOUS	2,946	3,938	3,896	Includes Travel, Postage & Office Supplies	
WATER QUALITY ANALYTICAL SERVICE	2,653	1,000	5,000	$4,000 Estimate For Gate Structure Samples	
MAINTENANCE CONTRACT (ROW)	101,142	130,000	130,000	Includes Bank Mowing, Canal Maintenance & ROW Maintenance Evaluation	
MISCELLANEOUS MAINTENANCE	1,147	2,500	2,500	No Change From 2024/2025 Budget	
TOTAL EXPENDITURES	$	312,745	$	322,845	$	339,903		
					
REVENUES LESS EXPENDITURES	$	681,587	$	18,506	$	7,006		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,697)	(6,169)	(6,169)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(11,095)	(12,337)	(12,337)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	668,795	$	-	$	(11,500)		
					
PREVIOUS YEAR CARRYOVER	-	-	11,500	Comes from Current Fund Balance	
					
NET EXCESS/ (SHORTFALL)	$	668,795	$	-	$	-		

Notes
Assessable Acres = 10,014.43 (Per Updated Numbers From County)

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

FY 2026 Assessment per Acre = $30.70
FY 2026 Budgeted Carryover Funding Assessment per Acre = $1.45

FUND BALANCE AS OF 9/30/24	$ 1,661,389.00	
PROJECTED FY 2024/2025 BUDGET ACTIVITY	$	-	
PROJECTED FUND BALANCE AS OF 9/30/25	$ 1,661,389.00	

FUND BALANCE AS OF 9/30/25	$ 1,661,389.00	
PROJECTED FY 2025/2026 BUDGET ACTIVITY	$	-	
PROJECTED FUND BALANCE AS OF 9/30/26	$ 1,661,389.00	

I