Captain's Key Dependent District

Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	
FISCAL YEAR 2017/2018 BUDGET	
O & M ASSESSMENTS	97,961	
OTHER REVENUES	0	
INTEREST INCOME	180	
		
TOTAL REVENUES	$		98,141	
		
EXPENDITURES		
ENGINEERING	1,000	
MANAGEMENT	16,152	
SECRETARIAL	4,200	
LEGAL	2,000	
ASSESSMENT ROLL	2,500	
AUDIT FEES	3,600	
TELEPHONE/CABLE	2,400	
POWER	700	
IRRIGATION MAINTENANCE	1,500	
LANDSCAPE MAINTENANCE	14,000	
GATE MAINTENANCE	6,000	
WATER SERVICE	4,500	
SECURITY CAMERA	1,000	
INSURANCE	5,300	
LEGAL ADVERTISING	550	
MISCELLANEOUS	750	
POSTAGE	150	
OFFICE SUPPLIES	500	
DUES & SUBSCRIPTIONS	175	
HOA REPAYMENT	2,500	
WEBSITE MANAGEMENT	1,000	
STREET MAINTENANCE & REPAIRS	0	
SIDEWALKS	0	
RESERVES	21,787	
		
TOTAL EXPENDITURES	$		92,264	
		
EXCESS OR (SHORTFALL)	$		5,877	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,959)	
DISCOUNTS FOR EARLY PAYMENTS	(3,918)	
		
NET EXCESS/ (SHORTFALL)	$		-	

6/4/2017  12:55 PM	I

DETAILED FINAL BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	
FISCAL YEAR 2015/2016 ACTUAL	
FISCAL YEAR 2016/2017
BUDGET	
FISCAL YEAR 2017/2018
BUDGET	

COMMENTS	
O & M ASSESSMENTS	98,165	97,961	97,961	Expenditures Less Interest/.94	
OTHER REVENUES	10,350	0	0		
INTEREST INCOME	214	180	180	Interest Estimated At $15 Per Month	
					
TOTAL REVENUES	$	108,729	$	98,141	$	98,141		
					
EXPENDITURES					
ENGINEERING	0	1,000	1,000	No Change From 2016/2017 Budget	
MANAGEMENT	15,720	15,828	16,152	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2016/2017 Budget	
LEGAL	650	2,000	2,000	No Change From 2016/2017 Budget	
ASSESSMENT ROLL	2,500	2,500	2,500	As Per Contract	
AUDIT FEES	3,400	3,500	3,600	$100 Increase From 2016/2017 Budget	
TELEPHONE/CABLE	2,304	2,400	2,400	No Change From 2016/2017 Budget	
POWER	513	700	700	No Change From 2016/2017 Budget	
IRRIGATION MAINTENANCE	1,555	1,500	1,500	No Change From 2016/2017 Budget	
LANDSCAPE MAINTENANCE	14,250	13,500	14,000	$500 Increase From 2016/2017 Budget	
GATE MAINTENANCE	3,914	6,000	6,000	No Change From 2016/2017 Budget	
WATER SERVICE	3,940	4,500	4,500	No Change From 2016/2017 Budget	
SECURITY CAMERA	0	1,000	1,000	No Change From 2016/2017 Budget	
INSURANCE	4,875	5,000	5,300	2016/2017 Expenditure Was $5,028	
LEGAL ADVERTISING	326	550	550	No Change From 2016/2017 Budget	
MISCELLANEOUS	482	750	750	No Change From 2016/2017 Budget	
POSTAGE	92	150	150	No Change From 2016/2017 Budget	
OFFICE SUPPLIES	331	500	500	No Change From 2016/2017 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2016/2017 Budget	
HOA REPAYMENT	2,500	2,500	2,500	No Change From 2016/2017 Budget	
WEBSITE MANAGEMENT	1,000	1,000	1,000	No Change From 2016/2017 Budget	
STREET MAINTENANCE & REPAIRS	933	0	0	FY 2015/2016 Expenditure	
SIDEWALKS	9,242	0	0	FY 2015/2016 Expenditure	
RESERVES	0	23,011	21,787	Reserves	
					
TOTAL EXPENDITURES	$	72,902	$	92,264	$	92,264		
					
EXCESS OR (SHORTFALL)	$	35,827	$	5,877	$	5,877		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(561)	(1,959)	(1,959)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(3,019)	(3,918)	(3,918)	Four Percent Of Total Assessment Roll	
					
NET EXCESS/ (SHORTFALL)	32,247	$	-	$	-		

6/4/2017 12:55 PM	II

Fiscal Year	Fiscal Year	Fiscal Year		Fiscal Year	
2014/2015	2015/2016	2016/2017		2017/2018	
Assessment	Assessment	Assessment		Projected Assessment	
  Before Discount* 	  Before Discount* 	  Before Discount* 	 	Before Discount* 	

Captain's Key Dependent District Assessment Comparison

O & M For Non-Waterfront Lots Loan Debt For Non-Waterfront Lots

$	3,378.00	$
$	-	$ 

3,378.00	$
-	$ 

3,378.00	$
-	$ 

3,378.00
- 

Total

$	3,378.00	$

3,378.00	$

3,378.00	$

3,378.00

O & M For Waterfront Lots Loan Debt For Waterfront Lots

$	3,378.00	$
$	-	$ 

3,378.00	$
-	$ 

3,378.00	$
-	$ 

3,378.00
- 

Total

$	3,378.00	$

3,378.00	$

3,378.00	$

3,378.00

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information: 
Non-Waterfront Units	5
Waterfront Units Lots	24
Total Units	29

6/4/2017 12:55 PM	III