Title: CK Proposed Budget 2023-2024.xlsx
Author: JWalker

Captain's Key Dependent District

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES | FISCAL YEAR 2023/2024 BUDGET
O & M ASSESSMENTS | 101,500
OTHER REVENUES | 0
INTEREST INCOME | 480
TOTAL REVENUES | $	101,980
EXPENDITURES |
ENGINEERING | 1,000
MANAGEMENT | 18,468
SECRETARIAL | 4,200
LEGAL | 2,000
ASSESSMENT ROLL | 2,500
AUDIT FEES | 3,900
TELEPHONE/CABLE/VOIP | 6,800
POWER | 600
IRRIGATION MAINTENANCE | 1,250
LANDSCAPE MAINTENANCE | 13,800
MAJOR TRIMMING & NEW PLANTING | 2,000
GATE MAINTENANCE | 9,000
WATER SERVICE | 4,750
SECURITY CAMERA | 500
INSURANCE | 6,400
LEGAL ADVERTISING | 650
MISCELLANEOUS | 250
POSTAGE | 100
OFFICE SUPPLIES | 400
DUES & SUBSCRIPTIONS | 175
HOA REPAYMENT | 0
WEBSITE MANAGEMENT | 1,500
GATE ACCESS CARDS | 1,000
RESERVES | 14,647
TOTAL EXPENDITURES | $	95,890
EXCESS OR (SHORTFALL) | $	6,090
COUNTY APPRAISER & TAX COLLECTOR FEE | (2,030)
DISCOUNTS FOR EARLY PAYMENTS | (4,060)
NET EXCESS/ (SHORTFALL) | $	-

3/15/2023 12:26 PM	^I

DETAILED PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES

FISCAL YEAR 2021/2022 ACTUAL

FISCAL YEAR 2022/2023
BUDGET

FISCAL YEAR 2023/2024
BUDGET

COMMENTS

O & M ASSESSMENTS | 87,006 | 87,000 | 101,500 | Expenditures Less Interest/.94
OTHER REVENUES | 1,800 | 0 | 0 |
INTEREST INCOME | 24 | 240 | 480 | Interest Estimated At $40 Per Month
TOTAL REVENUES | $	88,830 | $	87,240 | $	101,980 |
EXPENDITURES | | | |
ENGINEERING | 4,000 | 1,000 | 1,000 | No Change From 2022/2023 Budget
MANAGEMENT | 17,424 | 17,940 | 18,468 | CPI Adjustment (Capped At 3%)
SECRETARIAL | 4,200 | 4,200 | 4,200 | No Change From 2022/2023 Budget
LEGAL | 730 | 2,000 | 2,000 | No Change From 2022/2023 Budget
ASSESSMENT ROLL | 2,500 | 2,500 | 2,500 | As Per Contract
AUDIT FEES | 3,700 | 3,800 | 3,900 | Accepted Amount For 2022/2023 Audit
TELEPHONE/CABLE/VOIP | 6,740 | 5,300 | 6,800 | $1,500 Increase From 2022/2023 Budget
POWER | 598 | 600 | 600 | No Change From 2022/2023 Budget
IRRIGATION MAINTENANCE | 1,164 | 1,250 | 1,250 | No Change From 2022/2023 Budget
LANDSCAPE MAINTENANCE | 24,743 | 12,500 | 13,800 | $1,150 Per Month
MAJOR TRIMMING & NEW PLANTING | 0 | 4,000 | 2,000 | $2,000 Decrease From 2022/2023 Budget
GATE MAINTENANCE | 20,631 | 9,000 | 9,000 | No Change From 2022/2023 Budget
WATER SERVICE | 4,439 | 4,250 | 4,750 | $500 Increase From 2022/2023 Budget
SECURITY CAMERA | 0 | 500 | 500 | No Change From 2022/2023 Budget
INSURANCE | 6,121 | 6,400 | 6,400 | Insurance Estimate
LEGAL ADVERTISING | 455 | 700 | 650 | $50 Decrease From 2022/2023 Budget
MISCELLANEOUS | 28 | 350 | 250 | $100 Decrease From 2022/2023 Budget
POSTAGE | 54 | 125 | 100 | $25 Decrease From 2022/2023 Budget
OFFICE SUPPLIES | 713 | 425 | 400 | $25 Decrease From 2022/2023 Budget
DUES & SUBSCRIPTIONS | 175 | 175 | 175 | No Change From 2022/2023 Budget
HOA REPAYMENT | 2,500 | 1,889 | 0 | Loan Was Paid Off In 2022/2023
WEBSITE MANAGEMENT | 1,500 | 1,500 | 1,500 | No Change From 2022/2023 Budget
GATE ACCESS CARDS | 285 | 1,000 | 1,000 | No Change From 2022/2023 Budget
RESERVES | 16,611 | 616 | 14,647 | Reserves
TOTAL EXPENDITURES | $	119,311 | $	82,020 | $	95,890 |
EXCESS OR (SHORTFALL) | $	(30,481) | $	5,220 | $	6,090 |
COUNTY APPRAISER & TAX COLLECTOR FEE | (711) | (1,740) | (2,030) | Two Percent Of Total Assessment Roll
DISCOUNTS FOR EARLY PAYMENTS | (2,921) | (3,480) | (4,060) | Four Percent Of Total Assessment Roll
NET EXCESS/ (SHORTFALL) | (34,113) | $	- | $	- |

3/15/2023 12:26 PM	^II

Captain's Key Dependent District Assessment Comparison

Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
2020/2021 | 2021/2022 | 2022/2023 | 2023/2024
Assessment | Assessment | Assessment | Projected Assessment
Before Discount* | Before Discount* | Before Discount* | Before Discount*

O & M For Non-Waterfront Lots | $	3,000.00 | $	3,000.00 | $	3,000.00 | $ | 3,500.00
Loan Debt For Non-Waterfront Lots | $	- | $	- | $	- | $	-
Total | $	3,000.00 | $	3,000.00 | $	3,000.00 | $	3,500.00
O & M For Waterfront Lots | $	3,000.00 | $	3,000.00 | $	3,000.00 | $	3,500.00
Loan Debt For Waterfront Lots | $	- | $	- | $	- | $	-
Total | $	3,000.00 | $	3,000.00 | $	3,000.00 | $	3,500.00

* 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

3/15/2023 12:26 PM	^III