MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING FEBRUARY 16, 2024
10:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.marshharbourcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA MARSH HARBOUR
COMMUNITY DEVELOPMENT DISTRICT
Marsh Harbour Community Clubhouse 1000 Marsh Harbour Drive Riviera Beach, Florida 33404
REGULAR BOARD MEETING
February 16, 2024
10:00 a.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 20, 2023 Regular Board Meeting…	Page 2
Old Business
Discussion Regarding Tact Tech Security Proposal…	Page 4
New Business
Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget…	Page 8
Administrative Matters
Board Members Comments
Adjourn

LOCALiQ
The Gainesville Sun I The Ledger Daily Commercial I Ocala StarBanner News Chief I Herald-Tribune
News Herald I The Palm Beach Post
Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

PROOF OF PUBLICATION
Marsh Harbour Cdd Marsh Harbour Cdd 250 I BURNS RD STEA

PALM BEACH GARDENS FL 334105207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Palm Beach Post, published in Palm Beach County, Florida; that the attached copy of advertisement, being a Public Notices, was published on the publicly accessible website of Palm Beach County, Florida, or in a newspaper by print in the issues of, on:

10/06/2023

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who

06/2023

Legal Clerk

Notary, State of WI, County o rwn
	1-0-G7

Publication Cost:	$259.56	
Order No:	9343449	
Customer No:
PO#:	730531	

My commision expires

# of Copies:
1

THIS IS NOT AN INVOICE!
Please do 110I use this form for paJmellf remittance.

MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN thal
the Board of Supervisors of the Marsh Harbour Community Devel• opment District will hold Regular Meetings at 10:00 o.m. in the Marsh Harbour Community Clubhouse located at 1000 Marsh Harbour Drive, Riviera Beach, Florida 33404 on the following dotes:
October 20, 2023
November 17, 2023
December 15, 2023
January 19, 2024
February 16, 2024
Morch 22, 2024
April 19, 2024
May 17, 2024
June 21, 2024
July 19, 2024
August 16, 2024
September 20, 2024
The PUrPose of the meetings is to conduct any business coming before the Boord. Meetings ore open to the public and will be conducted in accordance with the provisions of Florido low. Copies of the Agendas for any of the meetings may be obtoine-d from the District's website or bY contacting the District Manager at (561) 630-4922 and/or toll free at l-877-737-4922 prior to the date of the particular meeting,
From time to time one or more Supervisors may participate by tele­ phone; therefore a SPeoker tele­ phone will be present at the meeting location so that Supervisors may be fully informed of the discussions toking place. Meetings may be continued os found necessary to a time and place specified on the record.
If any person decides to appeal any decision mode with respect to any matter considered at these meet­ ings, such person will need a record of the proceedings and such Person may need to insure that a verbatim record of the proceedings is mode at his or her own expense and which record includes the testimony and evidence an which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring se>eciol accom­ modations or on interpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 and/or toll-free at l- 877-737-4922 at least seven (7) days prior to the dote of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT
www.marshharbaurcdd.org  Oct 6, 2023 #9:W3449

DENISE ROBERTS
Notary Public State of Wisconsin

Page 1 of 1

MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT
REGULAR BOARD MEETING OCTOBER 20, 2023

CALL TO ORDER

The October 20, 2023, Regular Board Meeting of the Marsh Harbour Community Development District (the “District”) was called to order at 10:02 a.m. in the Marsh Harbour Community Clubhouse located at 1000 Marsh Harbour Drive, Riviera Beach, Florida 33404.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Palm Beach Post on October 6, 2023, as part of the District’s Fiscal Year 2023/2024 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Chairperson Allen Walker, Vice Chairman Kent Pollock and Supervisors Judy Briggs, Tasha Mullings and Nadine Sampson constituted a quorum, and it was in order to proceed with the meeting.
Staff present included: District Manager Sylvia Bethel of Special District Services, Inc.; and District Counsel Gregory George of Billing, Cochran, Lyles, Mauro & Ramsey, P.A;
ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There were no comments from the public for items not on the agenda.
APPROVAL OF MINUTES
September 15, 2023, Regular Board Meeting
The minutes of September 15, 2023, Regular Board Meeting were presented.
A motion was made by Mr. Pollock, seconded by Ms. Mullings and unanimously passed approving the minutes of the September 15, 2023, Regular Board Meeting, as presented.

OLD BUSINESS
Discussion Regarding Tact Tech Security Proposal

Ms. Bethel reminded the Board that they asked her to reach out to the two security companies that had submitted proposals to inquire if they would be interested in a two-year contract and bring this information back to this meeting.  A lengthy discussion ensued.  Ms. Sampson asked if one
Page 1 of 2

company provided services that the other company did not. Mr. Pollock replied that this company offered the extra supervisor onsite, which none of the other companies offered. The Board had a few questions such as, is the holiday/hurricane rate included in this proposal? How much are the guards being paid? Ms. Bethel reached out to the owner of Tact Tech and received the following answers to the Board’s questions. The holiday/hurricane pay is included and the guards will be paid $15 an hour and the supervisor onsite will not be a working guard; he is an actual supervisor on duty.

Discussion Regarding Sigma Security & Investigation Solutions, LLC Proposal

A lengthy discussion ensued regarding this proposal. Mr. George stated that Hi-Tek’s rate was locked in until September 2024. The Board decided to hold off until next year’s budget to make any decisions and/or changes.

NEW BUSINESS

There were no New Business items to come before the Board.

ADMINISTRATIVE MATTERS

Ms. Bethel asked the Board their thoughts about cancelling the next few meetings due to no agenda items. She stated that if something important were to come up, then they could hold a meeting. The Board agreed to cancel the next few meetings.
BOARD MEMBER COMMENTS
Ms. Bennett advised that Mr. Russ had been a little busy with several pipes that had burst in the community. Mr. Russ has, however, been making great efforts to get the repairs completed.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 11:02 a.m. on a motion made by Mr. Walker, seconded by Mr. Pollock and the motion passed unanimously.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Page 2 of 2

TACT TECH SECURITY SOLUTIONS

Security Proposal
Prepared for: Marsh Harbour
Prepared by: Taylor Matchton, CEO	info@tactechsecurity.com October 9, 2023		561-806-8836

TACT TECH SECURITY SOLUTIONS

ABOUT US:
We are committed to providing personnel that are well trained, equipped with state of the art technology, and given many career development opportunities. Tact Tech Security Solutions aims to provide our clients with the best-trained security force for their needs. Our concierge-level service, our VIP core values, and top-tier customized security service that surpasses our client's expectations is what sets us apart from the rest. Our goals are simple, our client's safety and security.
Tact Tech Security Solutions is your one-stop shop for all your security needs. Security for your worksite, oﬃce, and on the road. We oﬀer a full range of personal and corporate security services to suit any situation and have been protecting people and property for more than 10 years. Our people are carefully screened and undergo rigorous training and continuous professional development, guaranteeing the very best in customer service. For your peace of mind, we carry comprehensive insurance, and all locally required licenses and certifications are up to date.

OUR CLOSE CLIENT REFERENCES:
ELLE GONZALES 561-508-3600	- DEPUTY MARTINEZ 561-707-2266
- DEPUTY GEORGE - 954-445-5550 - SGT MAJOR PEAVY - 561-281-4756
MARLENE BURGOS 561-723-7113 - ALEXANDER SKHOP 561-298-9300 MORE REFERENCES CAN BE PROVIDED UPON REQUEST

TACT TECH SECURITY SOLUTIONS

SERVICES SUMMARY

Location: 1000 Marsh Harbor Drive, Riviera Beach, FL 33404

Schedule: 24/7 gatehouse guard/ 3pm-7am Mon-Sun Rover

Duties: Unarmed officer will rove the community in company-supplied golf cart and conduct his or her patrols. Guards will also be responsible for Traffic control, data entry, parking violations, maintenance reports, the general safety of residents and staff, and other related duties as agreed, rule enforcement in common areas. Gatehouse Officers will help facilitate guest entry at the gatehouse. Duties may include gate entry, traffic control, data entry, general safety and other related duties as agreed upon.

Technology: 1 lphone, 2 radios with digital trunking system, 2 body cameras, 1 Tact Tech Database System with client portal.

Patrol Vehicle: 1 marked vehicle

Term: Estimated start: Jan 1, 2023 - Estimated Fiscal new budget year: Oct 1, 2024

Pricing: See attached pricing options

BUDGET

TACT TECH SECURITY SOLUTIONS

Description	Quantity	Unit Price	Cost	
Unarmed Rover Patrol	480	$20.90	$10,032	
Gatehouse Officer	720	$20.90	$15,048	
Technology Package	1	$250.00	$250	
Marked Rover	1	$1,250.00	$1,250	
Supervisor	40	$25.00	$1,000	
				
Subtotal			$27,580	
Sales Tax (7%)				
				
Estimated Amount Due (Per Month)			$27,580	
Estimated Annual Budget (Per Year)			$330,960	
				
Unscheduled guard requests (Fire watch, etc) 72 hour notice	1	$30.00	$30	
Unscheduled guard requests (Fire watch, etc) immediate request ($100 - 1hr response)	1	$35.00	$35	

Holiday Rate is 1.5x the hourly rate Hurricane/Hazard Rate is 2x the hourly rate

All pricing is subject to the Palm Beach County FL Sales Tax of 7%

RESOLUTION NO. 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Marsh Harbour Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2024/2025 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for May 17, 2024 at 10:00 a.m. in the Marsh Harbour Community Clubhouse, 1000 Marsh Harbour Drive, Riviera Beach, Florida 33404, for the purpose of receiving public comments on the Proposed Fiscal Year 2024/2025 Budget.

PASSED, ADOPTED and EFFECTIVE this 16th day of February, 2024
.

ATTEST:	MARSH HARBOUR
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Marsh Harbour Community Development District
Scenario 1 - Security At $330,000
Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O & M Assessments	678,937	
Debt Assessments	253,887	
Other Revenues	0	
 nterest ncome	720	
		
TOTAL REVENUES	$	933,544	
		
EXPENDITURES		
Supervisor Fees	11,000	
Payroll Taxes - (mployer	880	
(ngineering/ nspections	2,000	
/aNe Maintenance	11,000	
/andscaping/ rrigation/Maintenance	150,000	
/ighting	35,000	
Security	330,000	
Management	37,116	
Secretarial	4,200	
/egal	14,000	
Assessment Roll	7,500	
Audit Fees	3,500	
 nsurance	7,200	
/egal Advertisements	1,400	
Miscellaneous	800	
Postage	300	
Office Supplies	700	
Dues & Subscriptions	175	
Trustee Fee	2,500	
Continuing Disclosure Fee	350	
Website Management	2,000	
Reserve/Contingency	17,300	
TOTAL EXPENDITURES	$	638,921	
		
REVENUES LESS EXPENDITURES	$	294,623	
		
%ond Payments	(238,654)	
		
BALANCE	$	55,969	
		
County Appraiser & Tax Collector Fee	(18,656)	
Discounts For (arly Payments	(37,313)	
		
EXCESS/ SHORTFALL 	$	-	
		
Carryover Funds From Prior Year	0	
		
NET EXCESS/ SHORTFALL 	$	-	

DETAILED PROPOSED BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O & M Assessments	679,655	678,996	678,937	Expenditures Less nterest & Carryover/.94	
Debt Assessments	253,940	253,887	253,887	Bond Payments/.94	
Other Revenues	0	0	0		
 nterest ncome	11,046	360	720	 nterest ProMected At $60 Per Month	
					
TOTAL REVENUES	$	944,641	$	933,243	$	933,544		
					
EXPENDITURES					
Supervisor Fees	9,000	11,000	11,000	Supervisor Fees	
Payroll Taxes - Employer	689	880	880	ProMected At 8 Of Supervisor Fees	
Engineering/ nspections	0	2,000	2,000	No Change From 2023/2024 Budget	
LaNe Maintenance	10,550	11,000	11,000	No Change From 2023/2024 Budget	
Landscaping/ rrigation/Maintenance	142,503	150,000	150,000	2023/2024 Expenditure Through 1-31-24 $41,220	
Lighting	33,539	35,000	35,000	No Change From 2023/2024 Budget	
Security	315,574	330,000	330,000	2023/2024 Expenditure Through 1-31-24 $105,191	
Management	34,992	36,036	37,116	CP AdMustment (Capped At 3 )	
Secretarial	4,200	4,200	4,200	No Change From 2023/2024 Budget	
Legal	17,355	14,000	14,000	2023/2024 Expenditure Through 12-31-23 $2,363	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,600	3,700	3,500	Accepted Amount For 2023/2024 Audit	
 nsurance	6,134	6,700	7,200	Fiscal Year 2023/2024 Expenditure Was $6,594	
Legal Advertisements	1,060	1,400	1,400	No Change From 2023/2024 Budget	
Miscellaneous	587	800	800	No Change From 2023/2024 Budget	
Postage	122	300	300	No Change From 2023/2024 Budget	
Office Supplies	633	725	700	$25 Decrease From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Trustee Fee	2,500	2,500	2,500	No Change From 2023/2024 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2023/2024 Budget	
Website Management	2,000	2,000	2,000	No Change From 2023/2024 Budget	
Reserve/Contingency	307	18,350	17,300	Reserve/Contingency	
TOTAL EXPENDITURES	$	593,370	$	638,616	$	638,921		
					
REVENUES LESS EXPENDITURES	$	351,271	$	294,627	$	294,623		
					
Bond Payments	(242,684)	(238,654)	(238,654)	2025 Principal & nterest Payments	
					
BALANCE	$	108,587	$	55,973	$	55,969		
					
County Appraiser & Tax Collector Fee	(5,864)	(18,658)	(18,656)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(32,460)	(37,315)	(37,313)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	70,263	$	-	$	-		
					
Carryover Funds From Prior Year	0	0	0	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	70,263	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	

FISCAL YEAR

2022/2023

ACTUAL	

FISCAL YEAR

2023/2024

BUDGET	

FISCAL YEAR

2024/2025

BUDGET	

COMMENTS	

 nterest ncome	
7,926	
100	
500	
ProMected nterest For 2024/2025	

NA9 Tax Collection	
242,684	
238,654	
238,654	
Maximum Debt Service Collection	

Total Revenues	
$	250,610	
$	238,754	
$	239,154		

EXPENDITURES					

Principal Payments	
160,000	
165,000	
165,000	
Principal Payment Due n 2025	

 nterest Payments	
74,358	
66,501	
68,468	
 nterest Payments Due n 2025	

Bond Redemption	
0	
7,253	
5,686	
Estimated Excess Debt Collections	

Total Expenditures	
$	234,358	
$	238,754	
$	239,154		

Excess/ (Shortfall)	

$	16,252	

$	-	

$	-		

Series 2015 Bond Refunding Information

Original Par Amount =	$3,295,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	3.24% - 5.45%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date =	August 2015			
Maturity Date =

Par Amount As Of 1/1/24 =	May 2035

$2,135,000			

MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	
 Assessment* 	 Assessment* 	 Assessment* 	 Projected Assessment* 	

O & M For Two Bedroom Units	
$	1,325.65	
$	1,689.13	
$	1,689.05	
$	
1,688.90	
Debt For Two Bedroom Units	$	499.52	$	499.52	$	499.52	$	499.52	
Total For Two Bedroom Units	$	1,825.17	$	2,188.65	$	2,188.57	$	2,188.42	
O & M For Three Bedroom Units	$	1,325.65	$	1,689.13	$	1,689.05	$	1,688.90	
Debt For Three Bedroom Units	$	684.28	$	684.28	$	684.28	$	684.28	
Total For Three Bedroom Units	$	2,009.93	$	2,373.41	$	2,373.33	$	2,373.18	

* Assessments nclude the Following  4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community nformation	

Two Bedroom Units	111	
Three Bedroom Units	291	
Total Units	402	
Three Bedroom nformation		
Total Units	291	
Prepayments	1	
Billed For Debt	290	

2/8/2024 3 03 PM	 V

Marsh Harbour Community Development District
Scenario 2 - Security At $400,000
Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O & M Assessments	753,405	
Debt Assessments	253,887	
Other Revenues	0	
 nterest ncome	720	
		
TOTAL REVENUES	$	1,008,012	
		
EXPENDITURES		
Supervisor Fees	11,000	
Payroll Taxes - (mployer	880	
(ngineering/ nspections	2,000	
/aNe Maintenance	11,000	
/andscaping/ rrigation/Maintenance	150,000	
/ighting	35,000	
Security	400,000	
Management	37,11 	
Secretarial	4,200	
/egal	14,000	
Assessment Roll	7,500	
Audit Fees	3,500	
 nsurance	7,200	
/egal Advertisements	1,400	
Miscellaneous	800	
Postage	300	
Office Supplies	700	
Dues & Subscriptions	175	
Trustee Fee	2,500	
Continuing Disclosure Fee	350	
Website Management	2,000	
Reserve/Contingency	17,300	
TOTAL EXPENDITURES	$	708,921	
		
REVENUES LESS EXPENDITURES	$	299,091	
		
%ond Payments	(238, 54)	
		
BALANCE	$	 0,437	
		
County Appraiser & Tax Collector Fee	(20,145)	
Discounts For (arly Payments	(40,2 2)	
		
EXCESS/ SHORTFALL 	$	-	
		
Carryover Funds From Prior Year	0	
		
NET EXCESS/ SHORTFALL 	$	-	

DETAILED PROPOSED BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O & M Assessments	679,655	678,996	753,405	Expenditures Less nterest & Carryover/.94	
Debt Assessments	253,940	253,887	253,887	Bond Payments/.94	
Other Revenues	0	0	0		
 nterest ncome	11,046	360	720	 nterest ProMected At $60 Per Month	
					
TOTAL REVENUES	$	944,641	$	933,243	$	1,008,012		
					
EXPENDITURES					
Supervisor Fees	9,000	11,000	11,000	Supervisor Fees	
Payroll Taxes - Employer	689	880	880	ProMected At 8 Of Supervisor Fees	
Engineering/ nspections	0	2,000	2,000	No Change From 2023/2024 Budget	
LaNe Maintenance	10,550	11,000	11,000	No Change From 2023/2024 Budget	
Landscaping/ rrigation/Maintenance	142,503	150,000	150,000	2023/2024 Expenditure Through 1-31-24 $41,220	
Lighting	33,539	35,000	35,000	No Change From 2023/2024 Budget	
Security	315,574	330,000	400,000	$70,000 ncrease From 2023/2024 Budget	
Management	34,992	36,036	37,116	CP AdMustment (Capped At 3 )	
Secretarial	4,200	4,200	4,200	No Change From 2023/2024 Budget	
Legal	17,355	14,000	14,000	2023/2024 Expenditure Through 12-31-23 $2,363	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,600	3,700	3,500	Accepted Amount For 2023/2024 Audit	
 nsurance	6,134	6,700	7,200	Fiscal Year 2023/2024 Expenditure Was $6,594	
Legal Advertisements	1,060	1,400	1,400	No Change From 2023/2024 Budget	
Miscellaneous	587	800	800	No Change From 2023/2024 Budget	
Postage	122	300	300	No Change From 2023/2024 Budget	
Office Supplies	633	725	700	$25 Decrease From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Trustee Fee	2,500	2,500	2,500	No Change From 2023/2024 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2023/2024 Budget	
Website Management	2,000	2,000	2,000	No Change From 2023/2024 Budget	
Reserve/Contingency	307	18,350	17,300	Reserve/Contingency	
TOTAL EXPENDITURES	$	593,370	$	638,616	$	708,921		
					
REVENUES LESS EXPENDITURES	$	351,271	$	294,627	$	299,091		
					
Bond Payments	(242,684)	(238,654)	(238,654)	2025 Principal & nterest Payments	
					
BALANCE	$	108,587	$	55,973	$	60,437		
					
County Appraiser & Tax Collector Fee	(5,864)	(18,658)	(20,145)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(32,460)	(37,315)	(40,292)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	70,263	$	-	$	-		
					
Carryover Funds From Prior Year	0	0	0	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	70,263	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	

FISCAL YEAR

2022/2023

ACTUAL	

FISCAL YEAR

2023/2024

BUDGET	

FISCAL YEAR

2024/2025

BUDGET	

COMMENTS	

 nterest ncome	
7,926	
100	
500	
ProMected nterest For 2024/2025	

NA9 Tax Collection	
242,684	
238,654	
238,654	
Maximum Debt Service Collection	

Total Revenues	
$	250,610	
$	238,754	
$	239,154		

EXPENDITURES					

Principal Payments	
160,000	
165,000	
165,000	
Principal Payment Due n 2025	

 nterest Payments	
74,358	
66,501	
68,468	
 nterest Payments Due n 2025	

Bond Redemption	
0	
7,253	
5,686	
Estimated Excess Debt Collections	

Total Expenditures	
$	234,358	
$	238,754	
$	239,154		

Excess/ (Shortfall)	

$	16,252	

$	-	

$	-		

Series 2015 Bond Refunding Information

Original Par Amount =	$3,295,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	3.24% - 5.45%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date =	August 2015			
Maturity Date =

Par Amount As Of 1/1/24 =	May 2035

$2,135,000			

MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	
 Assessment* 	 Assessment* 	 Assessment* 	 Projected Assessment* 	

O & M For Two Bedroom Units	
$	1,325.65	
$	1,689.13	
$	1,689.05	
$	
1,874.15	
Debt For Two Bedroom Units	$	499.52	$	499.52	$	499.52	$	499.52	
Total For Two Bedroom Units	$	1,825.17	$	2,188.65	$	2,188.57	$	2,373.67	
O & M For Three Bedroom Units	$	1,325.65	$	1,689.13	$	1,689.05	$	1,874.15	
Debt For Three Bedroom Units	$	684.28	$	684.28	$	684.28	$	684.28	
Total For Three Bedroom Units	$	2,009.93	$	2,373.41	$	2,373.33	$	2,558.43	

* Assessments nclude the Following  4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community nformation	

Two Bedroom Units	111	
Three Bedroom Units	291	
Total Units	402	
Three Bedroom nformation		
Total Units	291	
Prepayments	1	
Billed For Debt	290	

2/8/2024 3 14 PM	 V

Marsh Harbour Community Development District
Scenario 3 - Security At $450,000
Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O & M Assessments	806,597	
Debt Assessments	253,887	
Other Revenues	0	
 nterest ncome	720	
		
TOTAL REVENUES	$	1,061,204	
		
EXPENDITURES		
Supervisor Fees	11,000	
Payroll Taxes - (mployer	880	
(ngineering/ nspections	2,000	
/aNe Maintenance	11,000	
/andscaping/ rrigation/Maintenance	150,000	
/ighting	35,000	
Security	450,000	
Management	37,116	
Secretarial	4,200	
/egal	14,000	
Assessment Roll	7,500	
Audit Fees	3,500	
 nsurance	7,200	
/egal Advertisements	1,400	
Miscellaneous	800	
Postage	300	
Office Supplies	700	
Dues & Subscriptions	175	
Trustee Fee	2,500	
Continuing Disclosure Fee	350	
Website Management	2,000	
Reserve/Contingency	17,300	
TOTAL EXPENDITURES	$	758,921	
		
REVENUES LESS EXPENDITURES	$	302,283	
		
%ond Payments	(238,654)	
		
BALANCE	$	63,629	
		
County Appraiser & Tax Collector Fee	(21,210)	
Discounts For (arly Payments	(42,419)	
		
EXCESS/ SHORTFALL 	$	-	
		
Carryover Funds From Prior Year	0	
		
NET EXCESS/ SHORTFALL 	$	-	

DETAILED PROPOSED BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O & M Assessments	679,655	678,996	806,597	Expenditures Less nterest & Carryover/.94	
Debt Assessments	253,940	253,887	253,887	Bond Payments/.94	
Other Revenues	0	0	0		
 nterest ncome	11,046	360	720	 nterest ProMected At $60 Per Month	
					
TOTAL REVENUES	$	944,641	$	933,243	$	1,061,204		
					
EXPENDITURES					
Supervisor Fees	9,000	11,000	11,000	Supervisor Fees	
Payroll Taxes - Employer	689	880	880	ProMected At 8 Of Supervisor Fees	
Engineering/ nspections	0	2,000	2,000	No Change From 2023/2024 Budget	
LaNe Maintenance	10,550	11,000	11,000	No Change From 2023/2024 Budget	
Landscaping/ rrigation/Maintenance	142,503	150,000	150,000	2023/2024 Expenditure Through 1-31-24 $41,220	
Lighting	33,539	35,000	35,000	No Change From 2023/2024 Budget	
Security	315,574	330,000	450,000	$120,000 ncrease From 2023/2024 Budget	
Management	34,992	36,036	37,116	CP AdMustment (Capped At 3 )	
Secretarial	4,200	4,200	4,200	No Change From 2023/2024 Budget	
Legal	17,355	14,000	14,000	2023/2024 Expenditure Through 12-31-23 $2,363	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,600	3,700	3,500	Accepted Amount For 2023/2024 Audit	
 nsurance	6,134	6,700	7,200	Fiscal Year 2023/2024 Expenditure Was $6,594	
Legal Advertisements	1,060	1,400	1,400	No Change From 2023/2024 Budget	
Miscellaneous	587	800	800	No Change From 2023/2024 Budget	
Postage	122	300	300	No Change From 2023/2024 Budget	
Office Supplies	633	725	700	$25 Decrease From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Trustee Fee	2,500	2,500	2,500	No Change From 2023/2024 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2023/2024 Budget	
Website Management	2,000	2,000	2,000	No Change From 2023/2024 Budget	
Reserve/Contingency	307	18,350	17,300	Reserve/Contingency	
TOTAL EXPENDITURES	$	593,370	$	638,616	$	758,921		
					
REVENUES LESS EXPENDITURES	$	351,271	$	294,627	$	302,283		
					
Bond Payments	(242,684)	(238,654)	(238,654)	2025 Principal & nterest Payments	
					
BALANCE	$	108,587	$	55,973	$	63,629		
					
County Appraiser & Tax Collector Fee	(5,864)	(18,658)	(21,210)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(32,460)	(37,315)	(42,419)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	70,263	$	-	$	-		
					
Carryover Funds From Prior Year	0	0	0	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	70,263	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	

FISCAL YEAR

2022/2023

ACTUAL	

FISCAL YEAR

2023/2024

BUDGET	

FISCAL YEAR

2024/2025

BUDGET	

COMMENTS	

 nterest ncome	
7,926	
100	
500	
ProMected nterest For 2024/2025	

NA9 Tax Collection	
242,684	
238,654	
238,654	
Maximum Debt Service Collection	

Total Revenues	
$	250,610	
$	238,754	
$	239,154		

EXPENDITURES					

Principal Payments	
160,000	
165,000	
165,000	
Principal Payment Due n 2025	

 nterest Payments	
74,358	
66,501	
68,468	
 nterest Payments Due n 2025	

Bond Redemption	
0	
7,253	
5,686	
Estimated Excess Debt Collections	

Total Expenditures	
$	234,358	
$	238,754	
$	239,154		

Excess/ (Shortfall)	

$	16,252	

$	-	

$	-		

Series 2015 Bond Refunding Information

Original Par Amount =	$3,295,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	3.24% - 5.45%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date =	August 2015			
Maturity Date =

Par Amount As Of 1/1/24 =	May 2035

$2,135,000			

MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	
 Assessment* 	 Assessment* 	 Assessment* 	 Projected Assessment* 	

O & M For Two Bedroom Units	
$	1,325.65	
$	1,689.13	
$	1,689.05	
$	
2,006.47	
Debt For Two Bedroom Units	$	499.52	$	499.52	$	499.52	$	499.52	
Total For Two Bedroom Units	$	1,825.17	$	2,188.65	$	2,188.57	$	2,505.99	
O & M For Three Bedroom Units	$	1,325.65	$	1,689.13	$	1,689.05	$	2,006.47	
Debt For Three Bedroom Units	$	684.28	$	684.28	$	684.28	$	684.28	
Total For Three Bedroom Units	$	2,009.93	$	2,373.41	$	2,373.33	$	2,690.75	

* Assessments nclude the Following  4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community nformation	

Two Bedroom Units	111	
Three Bedroom Units	291	
Total Units	402	
Three Bedroom nformation		
Total Units	291	
Prepayments	1	
Billed For Debt	290	

2/8/2024 3 22 PM	 V