Marsh Harbour Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	532,937	532,670	532,670	
Debt Assessments	253,887	253,709	253,709	
Other Revenues	0	0	0	
Interest Income	360	365	363	
				
TOTAL REVENUES	$	787,184	$	786,744	$	786,742	
				
EXPENDITURES				
Supervisor Fees	11,000	9,600	9,600	
Payroll Taxes - Employer	880	734	734	
Engineering/Inspections	2,000	1,500	0	
Lake Maintenance	10,000	9,000	8,015	
Landscaping/Irrigation/Maintenance	132,000	160,000	156,953	
Lighting	36,000	30,994	30,994	
Security	250,000	250,000	246,464	
Security Fencing	0	25,272	25,272	
Security - HOA/Police	43,000	56,000	36,636	
Management	33,516	33,516	33,516	
Secretarial	4,200	4,200	4,200	
Legal	12,000	14,100	13,065	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,600	3,600	3,600	
Insurance	5,900	5,513	5,513	
Legal Advertisements	1,500	1,500	1,135	
Miscellaneous	900	900	648	
Postage	300	125	125	
Office Supplies	800	471	471	
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	2,800	2,800	1,200	
TOTAL EXPENDITURES	$	562,921	$	622,350	$	590,666	
				
REVENUES LESS EXPENDITURES	$	224,263	$	164,394	$	196,076	
				
Bond Payments	(238,654)	(242,651)	(242,651)	
				
BALANCE	$	(14,391)	$	(78,257)	$	(46,575)	
				
County Appraiser & Tax Collector Fee	(15,736)	(8,086)	(8,086)	
Discounts For Early Payments	(31,473)	(27,362)	(27,362)	
				
EXCESS/ (SHORTFALL)	$	(61,600)	$	(113,705)	$	(82,023)	
				
Carryover From Prior Year	61,600	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(113,705)	$	(82,023)	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$206,857	
($113,705)	
$93,152	

.
Notes
Actual Security HOA/Police Amount Is Only Through May 2021.
$61,600 Of Fund Balance Used To Reduce 2020/2021 Assessments.
$68,170 Of Fund Balance To Be Used To Reduce 2021/2022 Assessments.

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AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	100	54	53	
NAV Tax Collection	238,654	242,651	242,651	
Prepaid Bond Collection	0	0	0	
Total Revenues	$	238,754	$	242,705	$	242,704	
				
EXPENDITURES				
Principal Payments	150,000	150,000	150,000	
Interest Payments	81,972	84,402	84,402	
Bond Redemption	6,782	0	0	
Total Expenditures	$	238,754	$	234,402	$	234,402	
				
Excess/ (Shortfall)	$	-	$	8,303	$	8,302	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$170,598	
$8,303	
$178,901	

Notes
Reserve Fund Balance = $60,000*. Revenue Fund Balance = $118,901*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $39,771.
* 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 9/30/21 =	$2,455,000		

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