Marsh Harbour Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments	533,034	533,808	533,808	
Debt Assessments	254,572	254,869	254,869	
Other Revenues (FEMA)	0	34,168	34,168	
Interest Income	300	876	876	
				
TOTAL REVENUES	$	787,906	$	823,721	$	823,721	
				
EXPENDITURES				
Supervisor Fees	10,000	9,000	9,000	
Payroll Taxes - Employer	800	794	794	
Engineering/Inspections	2,500	1,000	0	
Lake Maintenance	10,500	7,800	7,800	
Landscaping/Irrigation/Maintenance	132,000	126,000	116,259	
Lighting	36,000	34,000	32,819	
Security	250,000	235,000	217,871	
Security - HOA/Police	43,000	41,000	37,953	
Management	32,172	32,172	32,172	
Secretarial	4,200	4,200	4,200	
Legal	11,000	13,520	13,520	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,700	3,600	3,600	
Insurance	6,356	5,000	5,000	
Legal Advertisements	1,700	1,200	778	
Miscellaneous	1,000	900	686	
Postage	300	225	213	
Office Supplies	750	800	757	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	2,500	
Continuing Disclosure Fee	350	350	350	
Website Management	1,500	1,500	1,500	
Reserve	5,000	5,000	0	
TOTAL EXPENDITURES	$	563,003	$	533,236	$	495,447	
				
REVENUES LESS EXPENDITURES	$	224,903	$	290,485	$	328,274	
				
Bond Payments	(239,297)	(243,830)	(243,830)	
				
BALANCE	$	(14,394)	$	46,655	$	84,444	
				
County Appraiser & Tax Collector Fee	(15,752)	(8,665)	(8,665)	
Discounts For Early Payments	(31,504)	(26,796)	(26,796)	
				
EXCESS/ (SHORTFALL)	$	(61,650)	$	11,194	$	48,983	
				
Carryover From Prior Year	61,650	61,650	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	72,844	$	48,983	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$206,276	
$11,194	
$217,470	

.
Note
$61,650 Of Fund Balance Used To Reduce 2018/2019 Assessments.
$61,600 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

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AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	50	3,060	3,060	
NAV Tax Collection	239,297	243,830	243,830	
Prepaid Bond Collection	0	5,396	5,396	
Total Revenues	$	239,347	$	252,286	$	252,286	
				
EXPENDITURES				
Principal Payments	140,000	140,000	140,000	
Interest Payments	91,368	93,636	93,636	
Bond Redemption	7,979	0	0	
Total Expenditures	$	239,347	$	233,636	$	233,636	
				
Excess/ (Shortfall)	$	-	$	18,650	$	18,650	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$142,125	
$18,650	
$160,775	

Notes
Reserve Fund Balance = $60,000*. Revenue Fund Balance = $100,775*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $44,550.
* Approximate Amounts

Series 2015 Bond Refunding Information		
Original Par Amount =	$3,295,000	Annual Principal Payments Due:	
Interest Rate =	3.24% - 5.45%	May 1st	
Issue Date =	August 2015	Annual Interest Payments Due:	
Maturity Date =	May 2035	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$2,750,000		

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