Sebastian River Improvement District

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

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

Notes
Assessable Acres = 10,046

FY 2025 Assessment per Acre = $30.70
FY 2025 Budgeted (Carry Over) Funding Assessment per Acre = $0

I

FUND BALANCE AS OF 9/30/24

$	1,658,553

FY 2024/2025 AMENDED BUDGET ACTIVITY

$	28,415

FUND BALANCE AS OF 9/30/25

$	1,686,968

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

NAV ASSESSMENTS

308,436

319,594

319,594

R-O-W USE FEES

25,515

69,265

69,265

PERMIT FEES

5,000

5,000

5,000

OTHER REVENUE

0

2,500

2,500

INTEREST INCOME

2,400

65,210

65,210

TOTAL REVENUES

$	341,351

$	461,569

$	461,569

EXPENDITURES

LEGAL

20,000

37,000

32,167

DISTRICT ADMINISTRATIVE

30,000

30,000

30,000

OPERATIONS MANAGER

21,000

21,000

21,000

OPERATIONS MANAGER - PAYROLL TAXES

1,607

1,607

1,607

ENGINEERING - GENERAL

70,000

82,000

79,791

ENGINEERING - PERMIT

5,000

1,000

0

ENGINEERING - OTHER

14,000

2,000

0

ACCOUNTING / AUDIT

5,400

5,400

5,400

INSURANCE

12,000

10,163

10,163

WEBSITE MANAGEMENT

2,000

2,000

2,000

DUES & SUBSCRIPTIONS

3,000

1,175

1,175

LEGAL ADVERTISEMENTS

1,400

1,400

602

MISCELLANEOUS

3,938

10,500

9,643

WATER QUALITY ANALYTICAL SERVICE

1,000

5,000

3,825

R-O-W MAINTENANCE (INCLUDES CANAL MAINTENANCE & BANK MOWING)

130,000

205,000

183,866

MISCELLANEOUS MAINTENANCE

2,500

5,000

2,876

TOTAL EXPENDITURES

$	322,845

$	420,245

$	384,115

REVENUES LESS EXPENDITURES

$	18,506

$	41,324

$	77,454

COUNTY APPRAISER & TAX COLLECTOR FEE

(6,169)

(2,350)

(2,350)

DISCOUNTS FOR EARLY PAYMENTS

(12,337)

(10,559)

(10,559)

EXCESS/ (SHORTFALL)

$	-

$	28,415

$	64,545

PREVIOUS YEAR CARRY OVER

-

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	28,415

$	64,545