Marsh Harbour Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	532,996	532,453	532,453	
Debt Assessments	254,572	253,506	253,506	
Other Revenues (FEMA)	0	1,614	1,614	
Interest Income	360	466	466	
				
TOTAL REVENUES	$	787,928	$	788,039	$	788,039	
				
EXPENDITURES				
Supervisor Fees	11,000	7,000	7,000	
Payroll Taxes - Employer	880	536	536	
Engineering/Inspections	2,000	1,000	0	
Lake Maintenance	10,000	30,000	28,480	
Landscaping/Irrigation/Maintenance	132,000	150,000	144,494	
Lighting	36,000	32,151	32,151	
Security	250,000	250,000	237,854	
Security - HOA/Police	43,000	32,000	27,880	
Management	32,772	32,772	32,772	
Secretarial	4,200	4,200	4,200	
Legal	11,000	9,885	9,885	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,600	3,600	3,600	
Insurance	6,000	5,251	5,251	
Legal Advertisements	1,600	2,700	2,356	
Miscellaneous	1,000	800	555	
Postage	300	125	110	
Office Supplies	800	500	464	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	2,500	
Continuing Disclosure Fee	350	350	350	
Website Management	2,000	2,000	2,000	
Reserve	4,300	4,300	0	
TOTAL EXPENDITURES	$	562,977	$	579,345	$	550,113	
				
REVENUES LESS EXPENDITURES	$	224,951	$	208,694	$	237,926	
				
Bond Payments	(239,297)	(242,634)	(242,634)	
				
BALANCE	$	(14,346)	$	(33,940)	$	(4,708)	
				
County Appraiser & Tax Collector Fee	(15,751)	(8,684)	(8,684)	
Discounts For Early Payments	(31,503)	(26,252)	(26,252)	
				
EXCESS/ (SHORTFALL)	$	(61,600)	$	(68,876)	$	(39,644)	
				
Carryover From Prior Year	61,600	61,600	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(7,276)	$	(39,644)	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$260,004	
($68,876)	
$191,128	

.
Note
$61,600 Of Fund Balance Used To Reduce 2019/2020 Assessments.
$61,600 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

I

AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	100	1,288	1,288	
NAV Tax Collection	239,297	242,634	242,634	
Prepaid Bond Collection	0	0	0	
Total Revenues	$	239,397	$	243,922	$	243,922	
				
EXPENDITURES				
Principal Payments	145,000	145,000	145,000	
Interest Payments	86,751	89,100	89,100	
Bond Redemption	7,646	0	0	
Total Expenditures	$	239,397	$	234,100	$	234,100	
				
Excess/ (Shortfall)	$	-	$	9,822	$	9,822	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$160,776	
$9,822	
$170,598	

Notes
Reserve Fund Balance = $60,000*. Revenue Fund Balance = $110,598*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $42,201.
* 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 9/30/20 =	$2,605,000		

II