Captain's Key Dependent District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M ASSESSMENTS	130,500	
OTHER REVENUES	0	
INTEREST INCOME	1,440	
TOTAL REVENUES	$	131,940	
		
EXPENDITURES		
ENGINEERING	1,000	
MANAGEMENT	19,560	
SECRETARIAL	4,200	
LEGAL	2,000	
ASSESSMENT ROLL	2,500	
AUDIT FEES	3,700	
TELEPHONE/CABLE/VOIP	6,800	
POWER	800	
IRRIGATION MAINTENANCE	1,300	
LANDSCAPE MAINTENANCE	16,000	
MAJOR TRIMMING & NEW PLANTING	2,000	
GATE MAINTENANCE	11,000	
WATER SERVICE	6,850	
SECURITY CAMERA	500	
INSURANCE	7,100	
LEGAL ADVERTISING	750	
MISCELLANEOUS	200	
POSTAGE	100	
OFFICE SUPPLIES	400	
DUES & SUBSCRIPTIONS	175	
WEBSITE MANAGEMENT	1,500	
GATE ACCESS CARDS	1,000	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	153,650	
RESERVES	2,025	
		
TOTAL EXPENDITURES	$	245,110	
		
EXCESS OR (SHORTFALL)	$	(113,170)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,610)	
DISCOUNTS FOR EARLY PAYMENTS	(5,220)	
		
EXCESS/ (SHORTFALL)	$	(121,000)	
		
CARRYOVER FROM PRIOR YEAR	121,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED PROPOSED BUDGET
CAPTAIN'S KEY DEPENDENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O & M ASSESSMENTS	101,589	101,500	130,500	Expenditures Less Interest/.94	
OTHER REVENUES	378	0	0		
INTEREST INCOME	9,024	960	1,440	Interest Estimated At $120 Per Month	
TOTAL REVENUES	$	110,991	$	102,460	$	131,940		
					
EXPENDITURES					
ENGINEERING	0	1,000	1,000	No Change From 2024/2025 Budget	
MANAGEMENT	18,468	19,020	19,560	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	1,421	2,000	2,000	No Change From 2024/2025 Budget	
ASSESSMENT ROLL	2,500	2,500	2,500	As Per Contract	
AUDIT FEES	3,900	4,000	3,700	Accepted Amount For 2024/2025 Audit	
TELEPHONE/CABLE/VOIP	7,669	6,800	6,800	No Change From 2024/2025 Budget	
POWER	767	750	800	$50 Increase From 2024/2025 Budget	
IRRIGATION MAINTENANCE	1,197	1,350	1,300	$50 Decrease From 2024/2025 Budget	
LANDSCAPE MAINTENANCE	19,121	14,500	16,000	$1,500 Increase From 2024/2025 Budget	
MAJOR TRIMMING & NEW PLANTING	0	2,000	2,000	No Change From 2024/2025 Budget	
GATE MAINTENANCE	17,922	9,000	11,000	$2,000 Increase From 2024/2025 Budget	
WATER SERVICE	6,408	5,350	6,850	$1,500 Increase From 2024/2025 Budget	
SECURITY CAMERA	0	500	500	No Change From 2024/2025 Budget	
INSURANCE	6,203	6,800	7,100	FY 2024/2025 Expenditure Was $6,608	
LEGAL ADVERTISING	780	650	750	$100 Increase From 2024/2025 Budget	
MISCELLANEOUS	0	225	200	$25 Decrease From 2024/2025 Budget	
POSTAGE	75	100	100	No Change From 2024/2025 Budget	
OFFICE SUPPLIES	362	400	400	No Change From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2024/2025 Budget	
GATE ACCESS CARDS	0	1,000	1,000	No Change From 2024/2025 Budget	
CAPITAL ITEMS (ROADS, DRAINS, CAMERAS)	0	0	153,650	Capital Items (Roads, Drains, Cameras)	
RESERVES	0	12,550	2,025	Reserves	
					
TOTAL EXPENDITURES	$	92,668	$	96,370	$	245,110		
					
EXCESS OR (SHORTFALL)	$	18,323	$	6,090	$	(113,170)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(729)	(2,030)	(2,610)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(3,662)	(4,060)	(5,220)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	13,932	$	-	$	(121,000)		
					
CARRYOVER FROM PRIOR YEAR	0	0	121,000	Carryover From Prior Year (Reserve Fund)	
					
NET EXCESS/ (SHORTFALL)	$	13,932	$	-	$	-		

II

Captain's Key Dependent District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
 Before Discount* 	 Before Discount* 	 Before Discount* 		Before Discount*		

O & M For Non-Waterfront Lots	$	3,000.00	$	3,500.00	$	3,500.00	$	4,500.00	
 Loan Debt For Non-Waterfront Lots	$	-		 $	-		 $	-		$	-		
Total	$	3,000.00	$	3,500.00	$	3,500.00	$	4,500.00	

O & M For Waterfront Lots	
$	3,000.00	
$	3,500.00	
$	3,500.00	
$	4,500.00	
 Loan Debt For Waterfront Lots	$	-		 $	-		 $	-		$	-		
Total	$	3,000.00	$	3,500.00	$	3,500.00	$	4,500.00	

* 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

III