Sebastian River Improvement District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

PROPOSED BUDGET
SEBASTIAN RIVER IMPROVEMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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

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

FY 2027 Assessment per Acre = $30.70
FY 2027 Budgeted Carryover Funding Assessment per Acre = $2.08

I

FUND BALANCE AS OF 9/30/26

$ 1,721,573.00

PROJECTED FY 2026/2027 BUDGET ACTIVITY

$	-

PROJECTED FUND BALANCE AS OF 9/30/27

$ 1,721,573.00

FUND BALANCE AS OF 9/30/25

$ 1,721,573.00

PROJECTED FY 2025/2026 BUDGET ACTIVITY

$	-

PROJECTED FUND BALANCE AS OF 9/30/26

$ 1,721,573.00

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

NAV ASSESSMENTS

319,594

307,394

307,394

10,014.43 Acres @ $30.70

R-O-W USE FEES

69,265

25,515

16,765

PERMIT FEES

5,000

5,000

5,000

OTHER REVENUES

2,500

0

2,500

INTEREST INCOME

63,171

9,000

15,000

Interest Projected At $1,250 Per Month

TOTAL REVENUES

$	459,530

$	346,909

$	346,659

EXPENDITURES

LEGAL

32,167

25,000

25,000

No Change From 2025/2026 Budget

DISTRICT ADMINISTRATIVE

30,000

30,000

30,000

$2,500 Per Month

OPERATIONS MANAGER

21,000

21,000

21,000

No Change From 2025/2026 Budget

OPERATIONS MANAGER - PAYROLL TAXES

1,607

1,607

1,607

Operations Manager *7.65%

ENGINEERING /GENERAL

79,791

80,000

80,000

No Change From 2025/2026 Budget

ENGINEERING /PERMIT

0

5,000

5,000

No Change From 2025/2026 Budget

ENGINEERING /OTHER

0

10,000

10,000

No Change From 2025/2026 Budget

ACCOUNTING / AUDIT

5,400

5,500

4,500

Accepted Amount For 2025/2026 Audit

INSURANCE

10,163

14,000

13,000

FY 2025/2026 Expenditure Was $10,773

WEBSITE MANAGEMENT

2,000

2,000

2,000

No Change From 2025/2026 Budget

DUES & SUBSCRIPTIONS

1,175

3,000

3,000

$175 For Dept Of Economic Opportunity - $2,825 For FL Assoc Special Districts

LEGAL ADVERTISEMENTS

602

1,400

1,400

No Change From 2025/2026 Budget

MISCELLANEOUS

9,643

3,896

5,000

Includes Travel, Postage & Office Supplies

WATER QUALITY ANALYTICAL SERVICE

3,825

5,000

5,000

No Change From 2025/2026 Budget

MAINTENANCE CONTRACT (ROW)

183,866

130,000

140,000

Includes Bank Mowing, Canal Maintenance & ROW Maintenance Evaluation

MISCELLANEOUS MAINTENANCE

2,876

2,500

2,500

No Change From 2025/2026 Budget

TOTAL EXPENDITURES

$	384,115

$	339,903

$	349,007

REVENUES LESS EXPENDITURES

$	75,415

$	7,006

$	(2,348)

COUNTY APPRAISER & TAX COLLECTOR FEE

(1,836)

(6,169)

(6,169)

Two Percent Of Total Assessment Roll

DISCOUNTS FOR EARLY PAYMENTS

(10,559)

(12,337)

(12,337)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	63,020

$	(11,500)

$	(20,854)

PREVIOUS YEAR CARRYOVER

-

11,500

20,854

Comes from Current Fund Balance

NET EXCESS/ (SHORTFALL)

$	63,020

$	-

$	-