Marsh Harbour Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	532,908	532,414	532,414	
Debt Assessments	253,887	253,579	253,579	
Other Revenues	0	0	0	
Interest Income	360	290	284	
TOTAL REVENUES	$	787,155	$	786,283	$	786,277	
				
EXPENDITURES				
Supervisor Fees	11,000	10,200	10,200	
Payroll Taxes - Employer	880	780	780	
Engineering/Inspections	2,000	1,967	1,967	
Lake Maintenance	12,000	9,200	8,135	
Landscaping/Irrigation/Maintenance	136,000	155,000	151,652	
Lighting	35,000	32,992	32,992	
Security	250,000	290,000	286,521	
Security - HOA/Police	45,000	0	0	
Management	33,984	33,984	33,984	
Secretarial	4,200	4,200	4,200	
Legal	12,000	17,000	15,210	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,600	3,600	3,600	
Insurance	5,900	5,706	5,706	
Legal Advertisements	1,500	1,250	855	
Miscellaneous	800	3,500	2,817	
Postage	300	325	304	
Office Supplies	775	1,300	1,228	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	0	
Continuing Disclosure Fee	350	350	350	
Website Management	2,000	2,000	2,000	
Reserve	2,000	2,000	0	
TOTAL EXPENDITURES	$	569,464	$	585,529	$	570,176	
				
REVENUES LESS EXPENDITURES	$	217,691	$	200,754	$	216,101	
				
Bond Payments	(238,654)	(242,340)	(242,340)	
				
BALANCE	$	(20,963)	$	(41,586)	$	(26,239)	
				
County Appraiser & Tax Collector Fee	(15,735)	(8,656)	(8,656)	
Discounts For Early Payments	(31,472)	(27,215)	(27,215)	
				
EXCESS/ (SHORTFALL)	$	(68,170)	$	(77,457)	$	(62,110)	
				
Carryover From Prior Year	68,170	68,170	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(9,287)	$	(62,110)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$123,513	
($77,457)	
$46,056	

.
Notes
$68,170 Of Fund Balance Used To Reduce 2021/2022 Assessments.

I

AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	185	181	
NAV Tax Collection	238,654	242,340	242,340	
Prepaid Bond Collection	0	0	0	
Total Revenues	$	238,679	$	242,525	$	242,521	
				
EXPENDITURES				
Principal Payments	160,000	160,000	160,000	
Interest Payments	76,950	79,542	79,542	
Bond Redemption	1,729	0	0	
Total Expenditures	$	238,679	$	239,542	$	239,542	
				
Excess/ (Shortfall)	$	-	$	2,983	$	2,979	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$178,905	
$2,983	
$181,888	

Notes
Reserve Fund Balance = $60,000*. Revenue Fund Balance = $121,888*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $37,179.
* 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 9/30/22 =	$2,295,000		

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