Annual Operating and Debt Service Budget Version 5 - Final Budget: (Adopted at Board Meeting on 8/15/14) Prepared by:
Table of Contents Page # OPERATING BUDGET General Fund Summary of Revenues, Expenditures and Changes in Fund Balances.. 1-2 Budget Narrative 3-5 Exhibit A - Allocation of Fund Balances. 6 Water and Sewer Fund Summary of Revenues, Expenditures and Changes in Fund Balances.. 7-8 Budget Narrative 9-12 Amortization Schedule.. 13 SUPPORTING BUDGET SCHEDULES 2014-2015 Non-Ad Valorem Assessment Summary.. 14 CIP Schedule 15
Port of the Islands Operating Budget
General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Adopted Budget AMENDED ACTUAL PROJECTED TOTAL ADOPTED ACTUAL ACTUAL BUDGET THRU AUG- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2012 FY 2013 FY 2014 JUL-2014 SEP-2014 FY 2014 FY 2015 REVENUES Interest - Investments $ 5,018 $ 3,324 $ 2,090 $ 1,840 $ 368 $ 2,208 $ 2,153 Net Incr (Decr) In FMV-Invest 3,456 1,580-539 - 539 - Interest - Tax Collector 34 32 - - - - - Special Assmnts- Tax Collector 402,231 402,232 435,400 327,740 107,660 435,400 430,597 Special Assmnts- Discounts (11,204) (8,552) (17,416) (8,739) - (8,739) (17,224) Other Miscellaneous Revenues - 1,575-1,162-1,162 - TOTAL REVENUES 399,535 400,191 420,074 322,542 108,028 430,570 415,526 EXPENDITURES Administrative P/R-Board of Supervisors 6,200 6,800 7,000 5,000 2,000 7,000 7,000 FICA Taxes 474 520 536 383 153 536 536 ProfServ-Engineering 22,923 18,450 26,000 14,914 2,983 17,897 26,000 ProfServ-Legal Services 38,472 28,245 12,500 12,749 2,550 15,299 14,000 ProfServ-Mgmt Consulting Serv 27,539 28,365 29,216 24,347 4,869 29,216 30,092 ProfServ-Property Appraiser 6,531 6,531 6,531 6,531-6,531 6,459 ProfServ-Special Assessment 8,974 9,243 9,520 9,520-9,520 9,806 Auditing Services 3,500 3,500 3,750 3,500-3,500 3,500 Communication - Telephone 36 14 100 - - - - Postage and Freight 1,071 1,030 1,200 677 135 812 1,200 Rental - Meeting Room 325 300 350 250 100 350 350 Insurance - General Liability 7,690 8,103 9,028 7,989-7,989 8,787 Printing and Binding 1,239 1,006 1,300 714 286 1,000 1,300 Legal Advertising 831 223 1,000 1,278 250 1,528 1,000 Miscellaneous Services 890 543 1,380 351 70 421 1,380 Misc-Assessmnt Collection Cost 4,816 4,860 8,708 6,380 2,328 8,708 8,612 Misc-Web Hosting 119 969 1,000 828 172 1,000 1,000 Office Supplies 261 186 500 132 26 158 500 Annual District Filing Fee 175 175 175 175-175 175 Total Administrative 132,066 119,063 119,794 95,718 15,922 111,640 121,696 Field Contracts-Mgmt Services 98,536 97,123 100,000 83,333 16,667 100,000 100,000 Contracts-Landscape 83,115 85,727 82,830 69,025 13,806 82,831 82,830 Electricity - Streetlighting 16,615 18,154 19,000 12,633 2,574 15,207 19,000 Utility - Irrigation 12,670 13,060 12,600 13,488 2,698 16,186 17,000 R&M-Renewal and Replacement 12,325 12,714 30,849 28,094 5,619 33,713 70,000 R&M-Irrigation - - 1 - - - - R&M-Roads & Alleyways - - 4,000 1,700 2,300 4,000 4,000 R&M-Signage - - 1,000-1,000 1,000 1,000 Capital Outlay - - 50,000-50,000 50,000 - Total Field 223,261 226,778 300,280 208,273 94,663 302,936 293,830 TOTAL EXPENDITURES 355,327 345,841 420,074 303,991 110,586 414,577 415,526 1
General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Adopted Budget AMENDED ACTUAL PROJECTED TOTAL ADOPTED ACTUAL ACTUAL BUDGET THRU AUG- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2012 FY 2013 FY 2014 JUL-2014 SEP-2014 FY 2014 FY 2015 Excess (deficiency) of revenues Over (under) expenditures 44,208 54,350-18,551 (2,557) 15,994 - OTHER FINANCING SOURCES (USES) Operating Transfers-Out - - (368,000) (368,000) - (368,000) - Contribution to (Use of) Fund Balance - - (368,000) - - - - TOTAL OTHER SOURCES (USES) - - (736,000) (368,000) - (368,000) - Net change in fund balance 44,208 54,350 (368,000) (349,449) (2,557) (352,006) - FUND BALANCE, BEGINNING 1,162,147 1,206,355 1,260,705 1,260,705-1,260,705 908,699 FUND BALANCE, ENDING $ 1,206,355 $ 1,260,705 $ 892,705 $ 911,256 $ (2,557) $ 908,699 $ 908,699 2
General Fund Budget Narrative REVENUES Interest-Investments The District earns interest on the monthly average collected balance for their operating accounts. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R-Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based on 5 Board members paid for attending 14 meetings. The fees will be split evenly with the Water & Sewer Fund. FICA Taxes Payroll taxes for supervisor salaries are calculated as 7.65% of payroll. Professional Services-Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments. The budgeted amount for the fiscal year is based on prior year spending and anticipated costs. The cost will be split evenly with the Water & Sewer Fund. Professional Services-Legal Services The District s Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research as directed by the Board of Supervisors and the District Manager. The fees will be split evenly with the Water & Sewer Fund based on the percent budgeted for each fund. Professional Services-Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Severn Trent Environmental Services, Inc. Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The budget for collection costs was based on 1.5% of the anticipated assessment collections. Professional Services-Special Assessment The District has contracted with Severn Trent Management Services, Inc. to levy annual assessments, update the District s tax roll, prepare estoppel letters and handle any customer service questions regarding assessments. 3
General Fund Budget Narrative EXPENDITURES Administrative (continued) Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. Costs will be split evenly with the Water & Sewer Fund. Postage and Freight This represents costs associated with actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence. The fees will be split evenly with the Water & Sewer Fund. Rentals Meeting Room The District is charged $50 per occurrence for the use of the meeting room at which the District s meetings are held. The district anticipates holding 14 meetings. This fee will be split evenly with the Water & Sewer Fund. Insurance General Liability The District currently has its Insurance Policy with the Florida Municipal Insurance Trust. This includes general liability, storage tank and property insurance. The FY 2015 budget includes an estimated 10% increase of the actual FY 2014 premium. Printing and Binding This represents costs associated with copies used in the preparation of agenda packages, required mailings, and other special projects. The budgeted amount for the fiscal year is based on prior year spending. The fees will be split with the Water & Sewer Fund based on the percent budgeted for each fund. Legal Advertising The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation. The board will advertise for their meetings annually. The fees will be split with the Water & Sewer Fund based on the percent budgeted for each fund. Miscellaneous Services This includes monthly bank charges and any other miscellaneous expenses that may be incurred during the year. Miscellaneous-Assessment Collection Costs The District reimburses the Collier County Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The FY2015 budget for collection costs was based on a maximum of 2% of the anticipated assessment collections. Miscellaneous-Web Hosting The District expects to incur costs associated with Web Hosting. Office Supplies Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. Annual District Filing Fee The District is required to pay an annual fee of $175 to the Department of Economic Opportunity Division of Community Development. 4
General Fund Budget Narrative EXPENDITURES Field Contracts-Mgmt Services The District has contracted with Severn Trent Environmental Services to provide operating, maintenance and field management services. This contract includes a predetermined amount of R&M costs. Costs above the specified amount are recorded as R&M-Renewal and Replacement. Any unused R&M costs are returned to the district. Contracts-Landscape Soto s Lawn currently provides monthly landscape services to the district for a monthly fee of $6,902 ($82,830/year). Electricity - Streetlighting The District currently has 3 electric accounts with Lee County Cooperative for streetlights located on District Roads. Expenses are based on prior year s electric bills. The district receives a reimbursement for a portion of the decorative street lighting from Orchid Cove. Utility - Irrigation Account No. Service Address 0051120000 0 Eveningstar Cay 4941120000 Newport Drive 5741120000 262 Stella Maris The District is currently being billed by the Water/Sewer Fund of Port of the Islands CID for irrigation water for the common areas that the District is required to maintain. R&M-Renewal and Replacement Various costs incurred as needed including but not limited to the entrance, monuments, lighting and lake mgmt. R&M-Roads & Alleyways Expenses incurred while maintaining District roadways. R&M-Signage This category includes costs for maintaining or replacing signage throughout the District. 5
General Fund Exhibit "A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance - $ 908,699 Net Change in Fund Balance - - Reserves - Additions - Total Funds Available (Estimated) - 9/30/2014 908,699 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve - First Quarter Operating Capital 103,881 (1) Subtotal 103,881 Total Allocation of Available Funds 103,881 Total Unassigned (undesignated) Cash $ 804,817 Notes (1) Represents approximately 3 months of operating expenditures 6
Water And Sewer Fund Summary of Revenues, Expenses and Changes in Net Assets Adopted Budget AMENDED ACTUAL PROJECTED TOTAL ADOPTED ACTUAL ACTUAL BUDGET THRU AUG- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2012 FY 2013 FY 2014 JUL-2014 SEP-2014 FY 2014 FY 2015 OPERATING REVENUES Interest - Investments $ 2,686 $ 337 $ 578 $ 288 $ 58 $ 346 $ 285 Water Revenue 41,089 41,561 45,000 40,638 8,128 48,766 53,700 Sewer Revenue 62,574 64,573 70,000 61,510 12,302 73,812 81,200 Irrigation Fees 82,528 91,707 100,000 83,972 16,794 100,766 110,900 Meter Fees 2,500 - - 2,500-2,500 - Net Incr (Decr) In FMV-Invest 6,435 2,942-1,004-1,004 - Special Assmnts- Tax Collector 1,048,559 1,048,562 1,135,025 854,372 280,654 1,135,026 1,139,500 Special Assmnts- Discounts (29,206) (22,294) (45,401) (22,782) - (22,782) (45,580) Disposition of Fixed Assets (105,502) - - - - - - Other Miscellaneous Revenues 5,045 6,895-9,984-9,984 - TOTAL OPERATING REVENUES 1,116,708 1,234,283 1,305,202 1,031,486 317,936 1,349,422 1,340,005 OPERATING EXPENSES Personnel and Administration P/R-Board of Supervisors 6,200 6,800 7,000 5,000 2,000 7,000 7,000 FICA Taxes 474 520 536 383 153 536 536 ProfServ-Engineering 22,923 18,450 26,000 14,914 2,983 17,897 26,000 ProfServ-Legal Services 38,472 28,245 12,500 12,749 2,550 15,299 14,000 ProfServ-Mgmt Consulting Serv 27,652 28,482 29,336 24,447 4,889 29,336 30,216 ProfServ-Property Appraiser 17,025 17,025 17,025 17,025-17,025 17,093 ProfServ-Special Assessment 7,655 7,885 8,122 8,122-8,122 8,366 ProfServ-Utility Billing 9,053 - - - - - - Auditing Services 3,500 3,500 3,750 3,500-3,500 3,500 Communication - Telephone 36 14 100 - - - - Postage and Freight 696 786 1,200 802 160 962 1,200 Rental - Meeting Room 325 300 350 250 100 350 350 Insurance - General Liability 7,690 7,577 9,028 7,989-7,989 8,787 Printing and Binding 930 754 1,300 714 286 1,000 1,300 Legal Advertising 670 162 1,000 1,278 250 1,528 1,000 Miscellaneous Services 2,265 2,467 2,600 1,187 237 1,424 2,600 Misc-Assessmnt Collection Cost 12,660 12,670 22,701 16,632 6,069 22,701 22,790 Office Supplies 305 214 500 132 26 158 500 Depreciation Expense 321,266 491,203 - - - - - Total Personnel and Admin 479,797 627,054 143,048 115,124 19,703 134,827 145,237 Water-Sewer Comb Services Contracts-Mgmt Services 299,592 302,932 309,533 257,944 51,589 309,533 309,533 Contracts-Other Services 1,750 1,750 1,750 1,750-1,750 - Contracts-Generator Maintenance - - - - - - 1,750 Communication - Teleph - Field 4,033 4,595 4,512 3,779 636 4,415 4,512 Utility - General 81,516 80,034 83,000 70,085 13,765 83,850 87,000 R&M-Irrigation 38,517 9,845 20,500 29,155 5,831 34,986 35,000 R&M-Water Plant 45,712 47,699 14,000 43,597 8,719 52,316 20,000 7
Water And Sewer Fund Summary of Revenues, Expenses and Changes in Net Assets Adopted Budget AMENDED ACTUAL PROJECTED TOTAL ADOPTED ACTUAL ACTUAL BUDGET THRU AUG- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2012 FY 2013 FY 2014 JUL-2014 SEP-2014 FY 2014 FY 2015 R&M-Waste Water Plant 82,093 26,338 45,000 23,729 4,746 28,475 15,000 Misc-Bad Debt 2,079 1,267-99 - 99 - Misc-Licenses & Permits 5,375 4,375 4,500 7,375-7,375 7,375 Cap Outlay-Water Plant - - 4,000 87,149 4,000 91,149 - Cap Outlay-Waste Water Plant - - 20,000-20,000 20,000 50,796 Total Water-Sewer Comb Srvcs. 560,667 478,835 506,795 524,662 109,286 633,948 530,966 Debt Service Principal Debt Retirement - - 514,758 514,758-514,758 532,827 Interest Expense 174,899 150,783 140,601 82,017 58,584 140,601 122,533 Total Debt Service 174,899 150,783 655,359 596,775 58,584 655,359 655,360 TOTAL OPERATING EXPENSES 1,215,363 1,256,672 1,305,202 1,236,561 187,574 1,424,135 1,331,562 Operating income (loss) (98,655) (22,389) - (205,075) 130,362 (74,713) 8,443 OTHER FINANCING SOURCES (USES) Interfund Transfer - In - - 368,000 368,000-368,000 - Contribution to (Use of) Fund Balance - - - - - - - TOTAL OTHER SOURCES (USES) - - 368,000 368,000-368,000 - Change in net assets (98,655) (22,389) 368,000 162,925 130,362 293,287 8,443 TOTAL NET ASSETS, BEGINNING 7,647,201 7,548,546 7,494,536 7,494,536-7,494,536 7,787,823 TOTAL NET ASSETS, ENDING $ 7,548,546 $ 7,494,536 $ 7,862,536 $ 7,657,461 $ 130,362 $ 7,787,823 $ 7,796,266 8
Water and Sewer Fund Budget Narrative REVENUES Interest-Investments The District earns interest income on their operational accounts. Water Revenue Rates are based on prior year s water consumption, anticipated use and a modest board approved rate increase based on the consumer s price index. Sewer Revenue Rates are based on prior year s water consumption, anticipated use and a modest board approved rate increase based on the consumer s price index. Irrigation Fees Rates are based on prior year s irrigation water consumption, anticipated use and a modest board approved rate increase based on the consumer s price index. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the debt service expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R Board of Supervisor Salaries Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for a meeting attendance and to receive $200 per meeting plus payroll taxes. The amount for the Fiscal Year is based on 5 Board members paid for attending 14 meetings. The fees will be split evenly with the General Fund. FICA Taxes Payroll taxes for supervisor salaries are calculated as 7.65% of payroll. Professional Services-Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments. The fees will be split evenly with the General Fund. Professional Services-Legal Services The District s Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager. The fees will be split evenly with the General Fund. Professional Services-Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Severn Trent Management Services, Inc. 9
Water and Sewer Fund Budget Narrative EXPENDITURES Administrative (continued) Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The FY2015 budget for collection costs was based on 1.5% of the anticipated assessment collections. Professional Services-Special Assessment The District has contracted with Severn Trent Management Services, Inc. to levy annual assessments, update the District s tax roll, prepare estoppel letters and handle any customer service questions regarding assessments. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The fees will be split evenly with the General Fund. Postage and Freight This represents actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence. The fees will be split with the General Fund based on the percent budgeted for each fund. Rentals Meeting Room The District is charged $50 per occurrence for the use of the meeting room at which the district s meetings are held. The district anticipates holding 14 meetings during the year. This cost will be shared evenly with the General Fund. Insurance General Liability The District currently has its Insurance Policy with the Florida Municipal Insurance Trust. The FY 2015 budget includes an estimated 10% increase of the actual FY 2014 premium. Printing and Binding Copies used in the preparation of agenda packages, required mailings, and other special projects. The budgeted amount for the fiscal year is based on prior year spending and anticipated costs. The fees will be split with the General Fund based on the percent budgeted for each fund. Legal Advertising The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation. The board has chosen to advertise for their meetings annually. The fees will be split with the General Fund based on the percent budgeted for each fund. Miscellaneous Services This includes bank charges and any miscellaneous expenses that may be incurred during the year. Miscellaneous-Assessment Collection Cost The District reimburses the Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The FY2015 budget for collection costs was based on a maximum of 2% of the anticipated assessment collections. Office Supplies Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. The fees will be split with the General Fund based on the percent budgeted for each fund. 10
Water and Sewer Fund Budget Narrative EXPENDITURES Field Contracts-Mgmt Services The District has contracted with Severn Trent Environmental Services to provide operating, maintenance and field management services. This contract includes a predetermined amount of R&M costs. Costs above the specified amount are recorded as R&M-Renewal and Replacement. Any unused R&M costs are returned to the district. Contracts-Generator Maintenance Preventative generator maintenance services will be provided by Superior Power. Communication Teleph Field Century Link and Sprint provide communication services to the District. The following accounts are included in this line item: Vendor Description Annual Amount Century Link Plant Land Line (239-642-9219) $3,180 Century Link Plant Fax Line (239-642-9392) 504 Simplex Grinnell Alarm Monitoring 744 Sprint Automated svc to notify Bob of power failures 84 Total $4,512 Utility - General The District currently has 10 electric accounts with Lee County Cooperative for irrigation, lift stations, water and waste water plant. The estimated cost is based on prior year s average monthly electric bills and anticipated use. Account No. Service Address Svc. Type 9741120000 25000 E. Tamiami Irrigation 1941120000 0 Port of the Islands Irrigation 3841120000 119 Newport Drive Irrigation 7841120000 Union Road Irrigation 0941120000 245 Stella Maris Drive Lift Station 1841120000 0 Newport Drive Lift Station 7624900000 160 Cays Drive Lift Station 6941120000 0 Cays Drive Lift Station 3083520000 0 Newport Drive Lift Station 3941120000 86112700 P Islands Waste Water R&M Irrigation Repair and maintenance costs associated with the main pumps and other irrigation equipment at the plant. R&M Water Plant Repair and maintenance costs associated with the water plant. R&M Waste Water Plant Repair and maintenance costs associated with the waste water plant. Miscellaneous - Licenses & Permits Costs incurred for various licenses and permits pertaining to the water and waste water plants including an annual drinking water license and waste water regulatory fee. 11
Water and Sewer Fund Budget Narrative EXPENDITURES Field (continued) Capital Outlay Waste Water Plant Funds spent on capital improvement projects for the waste water plant. Ww-23 $30,796 SCADA AND CONTROL PANEL Ww-24 $20,000 MBR MEMBRANES Debt Service Principal Debt Retirement Principal payment due on Series 2010 bond. Interest Expense Interest payment due on Series 2010 bond. 12
Debt Amortization Series 2010 Bond Period Coupon Debt Annual Debt Ending Principal Rate Interest Service Service 11/1/2014 $61,266.55 $61,266.55 5/1/2015 $532,826.51 3.510% $61,266.55 $594,093.06 $655,359.61 11/1/2015 $51,915.45 $51,915.45 5/1/2016 $551,528.72 3.510% $51,915.45 $603,444.17 $655,359.62 11/1/2016 $42,236.12 $42,236.12 5/1/2017 $570,887.38 3.510% $42,236.12 $613,123.50 $655,359.62 11/1/2017 $32,217.04 $32,217.04 5/1/2018 $590,925.52 3.510% $32,217.04 $623,142.56 $655,359.60 11/1/2018 $21,846.30 $21,846.30 5/1/2019 $611,667.01 3.510% $21,846.30 $633,513.31 $655,359.61 11/1/2019 $11,111.55 $11,111.55 5/1/2020 $633,136.52 3.510% $11,111.55 $644,248.07 $655,359.62 Total $3,490,971.66 $441,186.02 $3,932,157.68 $3,932,157.68 13
Port of the Islands Supporting Budget Schedules
Port of the Islands Non-Ad Valorem Assessment Roll FY 2014-2015 Product Maint. ERC Maint/ERC W/S ERC W/S Standby W/S Capital Total per Type Allocation $ 395 Allocation $1,128 Product $417 $711 Hotel Room 1.00 $395 0.60 $250 $427 $1,073 Condo Unit 1.00 $395 0.80 $334 $569 $1,298 Single Family 1.00 $395 1.00 $417 $711 $1,524 Comparison FY 2014 to FY 2015 Product Total Total Increase % Type FY 2015 FY 2014 (Decrease) Change Hotel Room $1,073 $1,074 ($2) 0% Condo Unit $1,298 $1,299 ($1) 0% Single Family $1,524 $1,524 $0 0% 14
All Funds Capital Improvement Program - Status Report Updated thru 7/31/14 ROADS PROGRAM PROJECT PAID NO. FY 2014 PAID IN FY PROJECT NAME OR DESCRIPTION INCEPTION TO ESTIMATE (1) 2014 (2) DATE (3) FY 2015 FY 2016 FY 2017 FY 2018 Road resurfacing - Stella Meris and rest of Cay's Drive R-3 (Estimated Cost $100,000) $ 25,000 $ - $ - $ - $ - $ - $ - Road resurfacing - Union Road from 41 - Paving ends R-4 (Estimated Cost $100,000) $ 25,000 $ - $ - $ - $ - $ - $ - Total Roads Program $ 50,000 $ - $ - $ - $ - $ - Total General Fund $ 50,000 $ - $ - $ - $ - $ - $ - PROJECT STATUS IRRIGATION PROGRAM I-9 VFD for 75hp pump $ - $ - $ - $ - $ - $ - $ - ST - tabled Total Irrigation Program $ - $ - $ - $ - $ - $ - $ - WATER PROGRAM W-14A Construction of New Water Treatment Plant $ 25,200 $ 25,200 $ 4,409,326 $ - $ - $ - $ - HM Project W-14B Inspection of New Water Treatment Plant $ - $ - $ 440,894 $ - $ - $ - $ - HM Project W-15 New water meter replacement program to include backflow prevention (Replace +/- 20% per year for 4 years) $ 61,949 $ 61,949 $ 257,514 $ - $ - $ - $ - ST project W-19 Video surveillance and monitoring $ - $ - $ - $ - $ 10,000 $ - $ - ST project W-20 Spare parts $ - $ - $ - $ - $ - $ - $ - ST project W-22 Fire hydrant repair and replacement $ 4,000 $ - $ 3,090 $ - $ - $ - $ - ST project Total Water Program $ 91,149 $ 87,149 $ 5,110,823 $ - $ 10,000 $ - $ - WASTEWATER PROGRAM WW-23 SCADA and control panel for lift stations $ - $ - $ 77,137 $ 30,796 $ 30,796 $ 30,796 $ - ST combined w/ww-26 WW-24 MBR Membranes $ 20,000 $ - $ - $ 20,000 $ 20,000 $ - $ - ST Total Wastewater Program $ 20,000 $ - $ 77,137 $ 50,796 $ 50,796 $ 30,796 $ - Total Water/Sewer Fund $ 111,149 $ 87,149 $ 5,187,961 $ 50,796 $ 60,796 $ 30,796 $ - NOTE (1) : The amounts shown in the 'FY 2014 ESTIMATE' columns reflect the most recent approximation of what the District expects to spend on each project between October 1, 2013 and September 30, 2014. NOTE (2) : The amounts shown in the 'PAID IN FY 2014' column reflects project expenses incurred between October 1, 2013 and September 30, 2014. The total of these columns will tie to the amounts reported as 'Year to Date Actual - Capital Outlay' in the corresponding monthly financial statements. NOTE (3) : The 'PAID INCEPTION TO DATE' columns reflect any payments made between FY 2006 and present. 15