Marsh Harbour Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

.

I

$212,762

$57,601

$270,363

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

O & M Assessments

732,129

734,098

734,098

Debt Assessments

253,887

254,275

254,275

Other Revenues

0

0

0

Interest Income

720

14,500

14,134

TOTAL REVENUES

$	986,736

$	1,002,873

$	1,002,507

EXPENDITURES

Supervisor Fees

11,000

7,200

6,200

Payroll Taxes - Employer

880

641

561

Engineering/Inspections

2,000

1,000

0

Lake Maintenance

11,000

11,060

10,210

Landscaping/Irrigation/Maintenance

150,000

130,000

113,502

Lighting

35,000

35,000

29,332

Security

380,000

375,000

337,875

Management

37,116

37,116

34,023

Secretarial

4,200

4,200

3,850

Legal

14,000

13,500

10,373

Assessment Roll

7,500

7,500

0

Audit Fees

3,500

3,500

3,500

Insurance

7,200

6,858

6,858

Legal Advertisements

1,400

1,400

625

Miscellaneous

800

800

460

Postage

300

100

74

Office Supplies

700

525

461

Dues & Subscriptions

175

175

175

Trustee Fee

2,500

2,500

0

Continuing Disclosure Fee

350

350

0

Website Management

2,000

2,000

1,833

Reserve

17,300

17,300

11,899

TOTAL EXPENDITURES

$	688,921

$	657,725

$	571,811

REVENUES LESS EXPENDITURES

$	297,815

$	345,148

$	430,696

Bond Payments

(238,654)

(243,256)

(243,256)

BALANCE

$	59,161

$	101,892

$	187,440

County Appraiser & Tax Collector Fee

(19,720)

(10,803)

(10,803)

Discounts For Early Payments

(39,441)

(33,488)

(33,488)

EXCESS/ (SHORTFALL)

$	-

$	57,601

$	143,149

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	57,601

$	143,149

AMENDED FINAL BUDGET
MARSH HARBOUR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $60,398*. Revenue Fund Balance = $186,885*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $36,554.
* Approximate Amounts

Series 2015 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$3,295,000 3.24% - 5.45%
August 2015
May 2035

Annual Principal Payments Due: May 1st
Annual Interest Payments Due:
May 1st & November 1st

Par Amount As Of 9/30/25 =

$1,805,000

II

$222,855

$24,428

$247,283

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

500

10,000

9,501

NAV Tax Collection

238,654

243,256

229,364

Prepaid Bond Collection

0

0

0

Total Revenues

$	239,154

$	253,256

$	238,865

EXPENDITURES

Principal Payments

165,000

165,000

165,000

Interest Payments

68,468

63,828

63,828

Bond Redemption

5,686

0

0

Total Expenditures

$	239,154

$	228,828

$	228,828

Excess/ (Shortfall)

$	-

$	24,428

$	10,037