Captain's Key Dependent District

Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020 BUDGET	
O & M ASSESSMENTS	97,961	
OTHER REVENUES	0	
INTEREST INCOME	240	
		
TOTAL REVENUES	$		98,201	
		
EXPENDITURES		
ENGINEERING	1,000	
MANAGEMENT	16,800	
SECRETARIAL	4,200	
LEGAL	2,000	
ASSESSMENT ROLL	2,500	
AUDIT FEES	3,700	
TELEPHONE/CABLE	2,600	
POWER	700	
IRRIGATION MAINTENANCE	1,400	
LANDSCAPE MAINTENANCE	13,500	
GATE MAINTENANCE	7,000	
WATER SERVICE	4,500	
SECURITY CAMERA	1,000	
INSURANCE	5,750	
LEGAL ADVERTISING	550	
MISCELLANEOUS	750	
POSTAGE	150	
OFFICE SUPPLIES	500	
DUES & SUBSCRIPTIONS	175	
HOA REPAYMENT	2,500	
WEBSITE MANAGEMENT	1,500	
GATE ACCESS CARDS	1,000	
RESERVES	18,549	
		
TOTAL EXPENDITURES	$		92,324	
		
EXCESS OR (SHORTFALL)	$		5,877	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(1,959)	
DISCOUNTS FOR EARLY PAYMENTS	(3,918)	
		
NET EXCESS/ (SHORTFALL)	$		-	

6/2/2019 3:14 PM	I

DETAILED FINAL BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2016/2017 ACTUAL	
FISCAL YEAR 2018/2019
BUDGET	
FISCAL YEAR 2019/2020
BUDGET	

COMMENTS	
O & M ASSESSMENTS	97,969	97,961	97,961	Expenditures Less Interest/.94	
OTHER REVENUES	905	0	0		
INTEREST INCOME	307	180	240	Interest Estimated At $20 Per Month	
					
TOTAL REVENUES	$	99,181	$	98,141	$	98,201		
					
EXPENDITURES					
ENGINEERING	0	1,000	1,000	No Change From 2018/2019 Budget	
MANAGEMENT	16,152	16,488	16,800	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2018/2019 Budget	
LEGAL	825	2,000	2,000	No Change From 2018/2019 Budget	
ASSESSMENT ROLL	2,500	2,500	2,500	As Per Contract	
AUDIT FEES	3,600	3,600	3,700	$100 Increase From 2018/2019 Budget	
TELEPHONE/CABLE	2,533	2,500	2,600	$100 Increase From 2018/2019 Budget	
POWER	541	700	700	No Change From 2018/2019 Budget	
IRRIGATION MAINTENANCE	1,278	1,400	1,400	No Change From 2018/2019 Budget	
LANDSCAPE MAINTENANCE	9,540	14,000	13,500	$500 Decrease From 2018/2019 Budget	
GATE MAINTENANCE	6,515	7,000	7,000	No Change From 2018/2019 Budget	
WATER SERVICE	3,863	4,500	4,500	No Change From 2018/2019 Budget	
SECURITY CAMERA	0	1,000	1,000	No Change From 2018/2019 Budget	
INSURANCE	5,176	5,500	5,750	2018/2019 Expenditure Was $5,470	
LEGAL ADVERTISING	342	550	550	No Change From 2018/2019 Budget	
MISCELLANEOUS	72	750	750	No Change From 2018/2019 Budget	
POSTAGE	95	150	150	No Change From 2018/2019 Budget	
OFFICE SUPPLIES	208	500	500	No Change From 2018/2019 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2018/2019 Budget	
HOA REPAYMENT	2,500	2,500	2,500	No Change From 2018/2019 Budget	
WEBSITE MANAGEMENT	1,000	1,000	1,500	$500 Increase From 2018/2019 Budget	
GATE ACCESS CARDS	0	1,000	1,000	No Change From 2018/2019 Budget	
RESERVES	0	19,251	18,549	Reserves	
					
TOTAL EXPENDITURES	$	61,115	$	92,264	$	92,324		
					
EXCESS OR (SHORTFALL)	$	38,066	$	5,877	$	5,877		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(738)	(1,959)	(1,959)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(2,736)	(3,918)	(3,918)	Four Percent Of Total Assessment Roll	
					
NET EXCESS/ (SHORTFALL)	34,592	$	-	$	-		

6/2/2019 3:14 PM	II

Fiscal Year	Fiscal Year	Fiscal Year		Fiscal Year	
2016/2017	2017/2018	2018/2019		2019/2020	
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

6/2/2019 3:14 PM	III