Captain's Key Dependent District

Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2018/2019 BUDGET	
O & M ASSESSMENTS	97,961	
OTHER REVENUES	0	
INTEREST INCOME	180	
		
TOTAL REVENUES	$		98,141	
		
EXPENDITURES		
ENGINEERING	1,000	
MANAGEMENT	16,488	
SECRETARIAL	4,200	
LEGAL	2,000	
ASSESSMENT ROLL	2,500	
AUDIT FEES	3,600	
TELEPHONE/CABLE	2,500	
POWER	700	
IRRIGATION MAINTENANCE	1,400	
LANDSCAPE MAINTENANCE	14,000	
GATE MAINTENANCE	7,000	
WATER SERVICE	4,500	
SECURITY CAMERA	1,000	
INSURANCE	5,500	
LEGAL ADVERTISING	550	
MISCELLANEOUS	750	
POSTAGE	150	
OFFICE SUPPLIES	500	
DUES & SUBSCRIPTIONS	175	
HOA REPAYMENT	2,500	
WEBSITE MANAGEMENT	1,000	
MISCELLANEOUS MAINTENANCE	0	
GATE ACCESS CARDS	1,000	
RESERVES	19,251	
		
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)	$		-	

5/30/2018 7:34 AM	I

DETAILED FINAL BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2016/2017 ACTUAL	
FISCAL YEAR 2017/2018
BUDGET	
FISCAL YEAR 2018/2019
BUDGET	

COMMENTS	
O & M ASSESSMENTS	97,962	97,961	97,961	Expenditures Less Interest/.94	
OTHER REVENUES	1,198	0	0		
INTEREST INCOME	193	180	180	Interest Estimated At $15 Per Month	
					
TOTAL REVENUES	$	99,353	$	98,141	$	98,141		
					
EXPENDITURES					
ENGINEERING	0	1,000	1,000	No Change From 2017/2018 Budget	
MANAGEMENT	15,828	16,152	16,488	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2017/2018 Budget	
LEGAL	1,051	2,000	2,000	No Change From 2017/2018 Budget	
ASSESSMENT ROLL	2,500	2,500	2,500	As Per Contract	
AUDIT FEES	3,500	3,600	3,600	Accepted Amount For FY 2017/2018 Audit	
TELEPHONE/CABLE	2,326	2,400	2,500	$100 Increase From 2017/2018 Budget	
POWER	532	700	700	No Change From 2017/2018 Budget	
IRRIGATION MAINTENANCE	828	1,500	1,400	$100 Decrease From 2017/2018 Budget	
LANDSCAPE MAINTENANCE	12,263	14,000	14,000	No Change From 2017/2018 Budget	
GATE MAINTENANCE	7,406	6,000	7,000	$1,000 Increase From 2017/2018 Budget	
WATER SERVICE	3,809	4,500	4,500	No Change From 2017/2018 Budget	
SECURITY CAMERA	0	1,000	1,000	No Change From 2017/2018 Budget	
INSURANCE	5,028	5,300	5,500	2017/2018 Expenditure Was $5,176	
LEGAL ADVERTISING	515	550	550	No Change From 2017/2018 Budget	
MISCELLANEOUS	49	750	750	No Change From 2017/2018 Budget	
POSTAGE	74	150	150	No Change From 2017/2018 Budget	
OFFICE SUPPLIES	256	500	500	No Change From 2017/2018 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2017/2018 Budget	
HOA REPAYMENT	2,500	2,500	2,500	No Change From 2017/2018 Budget	
WEBSITE MANAGEMENT	1,000	1,000	1,000	No Change From 2017/2018 Budget	
MISCELLANEOUS MAINTENANCE	2,150	0	0	FY 2016/2017 Expenditure	
GATE ACCESS CARDS	704	0	1,000	Gate Access Cards	
RESERVES	0	21,787	19,251	Reserves	
					
TOTAL EXPENDITURES	$	66,694	$	92,264	$	92,264		
					
EXCESS OR (SHORTFALL)	$	32,659	$	5,877	$	5,877		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,309)	(1,959)	(1,959)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(3,088)	(3,918)	(3,918)	Four Percent Of Total Assessment Roll	
					
NET EXCESS/ (SHORTFALL)	28,262	$	-	$	-		

5/30/2018 7:34 AM	II

Fiscal Year	Fiscal Year	Fiscal Year		Fiscal Year	
2015/2016	2016/2017	2017/2018		2018/2019	
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

5/30/2018 7:34 AM	III