Adopted FY 2019-2020 Budget

	Fiscal Year Budget	
REVENUES
ON-ROLL ASSESSMENTS	
$	217,454	
OFF ROLL DEVELOPER ASSESSMENTS	$	153,252	
INTEREST REVENUE	-	
MISCELLANEIOUS REVENUE	-	
TOTAL REVENUES	$	370,707	

EXPENDITURES		
ADMINISTRATIVE
BOARD OF SUPERVISORS PAYROLL	

$	8,000	
PAYROLL TAXES	1,429	
PAYROLL SERVICE FEE	897	
MANAGEMENT CONSULTING SERVICES	36,000	
ASSESSMENT ADMINISTRATION	15,000	
ASSESSMENT ROLL PREPARATION	5,000	
MISCELLANEOUS	750	
STORAGE	900	
BANK CHARGES	-	
AUDITING	6,500	
ACCOUNTING FIRM	6,000	
INSURANCE (Liability, Property & Casuality)	5,500	
LEGAL ADVERTISING	1,800	
REGULATORY AND PERMIT FEES	175	
LEGAL SERVICES	10,000	
ENGINEERING SERVICES - General	10,000	
NEW ASSESSMENT METHODOLOGY	-	
WEBSITE HOSTING & ADMINISTRATION	1,200	
MISCELLANEOUS SERVICES	-	
TOTAL ADMINISTRATIVE EXPENDITURES	$	109,151	

FIELD OPERATIONS
FIELD OPERATIONS MANAGEMENT STAFF	

$	-	
LANDSCAPING & FIELD MAINTENANCE	84,000	
LANDSCAPE REPLACEMENT	15,000	
LANDSCAPE MULCHING	15,000	
IRRIGATION REPAIRS	20,000	
SOD REPLACEMENT	20,000	
TREE PRUNING	7,600	
MASTER PUMP MAINTENANCE	3,000	
MASTER PUMP REPLACEMENT RESERVE	25,000	
ELECTRICITY	12,000	
FOUNTAINS	1,500	
WATER USE MONITORING	2,400	
ENTRY MONUMENTS MAINTENANCE	1,500	
HOLIDAY DECORATIONS	6,000	
WETLAND MONITORING	1,500	
STREET SWEEPING	3,600	
SFWMD ERP ANNUAL REPORT	1,500	
LAKE TESTING	3,600	
SABLE PALM CULVERTS CLEANING	7,500	
LAKE MAINTENANCE	30,856	
TOTAL FIELD OPERATIONS EXPENDITURES	$	261,556	

TOTAL EXPENDITURES	
$	370,707	

REVENUE (1)

Balance in Account (May 2, 2018)	$	156,444.08	
Assessment Off-Roll	$	4,767.44	
Assessment On-Roll	$	819,576.93	
Debt Service Reserve - Developer November Pmt.	$	170,649.67	
Discounts	$	-	
Total Revenue	$	1,151,438.12	
EXPENDITURES		
INTEREST EXPENSE		
November 1, 2019	$	327,093.75	
May 1, 2020	$	327,093.75	
November 1, 2020	$	321,625.00	

PRINCIPAL

May 1, 2019		$	175,000.00		
Total Expenditures		$	1,150,812.50		
Excess Revenues over Expenditures		$	625.62		
Allocation of Maximum Annual Debt Service		
Net Assessment		
Single Family Land Use	Units	Per Unit	Total	
42'	146	$	1,664.79	$	243,059.34	
52'	175	$	1,872.05	$	327,608.75	
62'	122	$	2,079.31	$	253,675.82	
Total FY 2015-2016	443		$	824,343.91	
On Roll Assessments		
Net Assessment		
Single Family Land Use	Units	Per Unit	Total	
42'	146	$	1,664.79	$	243,059.34	
52'	198	$	1,872.05	$	370,665.90	
62'	99	$	2,079.31	$	205,851.69	
Total FY 2015-2016	443		$	819,576.93	
Off Roll Assessments		
Net Assessment		
Single Family Land Use	Units	Per Unit	Total	
Developer Annual True Up Payment			$	4,767.44	
Total FY 2015-2016			$	4,767.44	
		Total	$	824,344.37	

REVENUE (1)

Balance in Account (May 2, 2019)	$	156,650.98	
Assessment Off-Roll	$	158,441.52	
Assessment On-Roll	$	444,781.00	
Debt Service Reserve - Developer November Pmt.	$	57,997.00 Toll Nov. 2019	
Discounts	$	-	
Total Revenue	$	817,870.50	
EXPENDITURES
INTEREST EXPENSE		
November 1, 2019	$	207,550.00	
May 1, 2020	$	207,550.00	
November 1, 2020	$	204,343.75	

PRINCIPAL

May 1, 2020		$	190,000.00		
Total Expenditures		$	809,443.75		
Excess Revenues over Expenditures		$	8,426.75		
Allocation of Maximum Annual Debt Service		
Net Assessment		
Single Family Land Use	Units	Per Unit	Total	
52' - Azure	149	$	1,282.52	$	191,095.48	
77' - Azure	78	$	1,644.14	$	128,242.92	
4-Plex - Azure	192	$	941.61	$	180,789.12	
52' - Sapphire Cove	75	$	1,374.60	$	103,095.00	
Total FY 2018-2019			$	603,222.52	
On Roll Assessments		
Net Assessment		
Single Family Land Use	Units	Per Unit	Total	
52' - Azure	80	$	1,282.52	$	102,601.60	
77' - Azure	87	$	1,644.14	$	143,040.18	
4-Plex - Azure	102	$	941.61	$	96,044.22	
52' - Sapphire Cove	75	$	1,374.60	$	103,095.00	
Total FY 2018-2019			$	444,781.00	
Off Roll Assessments		
Net Assessment		
Single Family Land Use	Units	Per Unit	Total	
52' - Azure	69	$	1,282.52	$	88,493.88	
77' - Azure	-9	$	1,644.14	$	(14,797.26)	
4-Plex - Azure	90	$	941.61	$	84,744.90	
52' - Sapphire Cove	0	$	1,374.60	$	-	
Total FY 2018-2019				$	158,441.52	
		Total		$	603,222.52