St. Lucie West Services District

PROPOSED BUDGET FOR FISCAL YEAR ENDED
SEPTEMBER 30,	2019

April 5, 2018

Honorable Vince D’Amico, Chairman and Members of the Board of Supervisors St. Lucie West Services District
450 SW Utility Drive
Port St. Lucie, FL 34986

RE:	St. Lucie West Service District FY 2019 Proposed Annual Budget and FY 2019-2023 Capital Improvement Plan

Dear Honorable Chairman and Supervisors:

I am pleased to present the annual budget for FY 2019 and the FY 2019-2023 Capital Improvement Plan.

The attached budget addresses the operations and maintenance, debt service and capital improvement requirements for both the Utility operations, General, Capital Project and Debt Service Funds of the District.

Many improvements were accomplished or encumbered in Fiscal Year 2018 and some of the major projects that were completed were:

Several lift stations will be rehabilitated with fencing, driveways and one electrical panel replacement proposed for FY 2018. The lift station restoration project effort will be continued throughout the next several years to ensure that all lift stations are upgraded.
The Wetland #1 vertical relocation TMDL grant monitoring phase finalized in February 2018.
The Lake Harvey stormwater expansion project was completed in November 2017
The Reuse Irrigation Pump Station design and bid is projected to be completed in FY2018 construction planned to be completed in early FY2019.
The Lake Charles Irrigation pump station improvements planned to be completed in FY2019.
If the Calcite tank project is warranted it should be completed in FY2019
The Clear-well and transfer pump expansion project planned to be complete in FY2019
The meter replacement project planned to be completed in FY2019

450 S.W. Utility Drive ● Port St Lucie, FL 34986 ● Office (772) 340-0220 ● Fax (772) 871-5771

Unreserved Fund Balance as a % of Total
Expenditures

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

Fiscal Year 2019 reflects positive account activity trends and the recent Refunding of Bonds have placed the District in a better financial position. The refinancing of bonds over the past three years has saved the District over $24,000,000 in debt service while not extending the terms. The District has not raised the Utility Rates since FY2010 due to efficient budgeting and innovative cost saving measures, the proposed budget reflects no increase for the 2018, 2019 and 2020 FY. The Proposed Budget also includes a no increase in Maintenance Assessments for the 2019FY and for 2020 FY.

The budget for FY 2019 continues with the five-year forecasting of the District’s financial needs. Looking out over five years, rather than just the upcoming budget year, shows the impact of the immediate operating budget and the effect on the District’s future fiscal health. Immediate decisions, such as whether to spend from our fund balance to pay for a project, can now be aided by a longer-term perspective.

Trends in the General Fund revenues listed below, depict expenditures and reserves in the top graph, while Unreserved Fund Balance, as a percentage, is depicted in the bottom graph.

General Fund

$6,000,000

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$1,000,000

$‐

FY 2017

FY 2018
Total Revenues

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

Total Expenses

Available Operating Cash Balance (Ending)

	

	

	

	

Trends in the Utility Fund revenues listed below, depict expenditures and reserves in the top graph, while Unreserved Fund Balance, as a percentage, is depicted in the bottom graph.

$12,000,000

Utility Fund

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$‐

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

Total Revenues

Total Expenses

Total Operating Expenses

        Available Operating Cash Balance (Ending)

Unreserved Utility Fund Balance as a % of Total
Expenditures

70%

60%

50%

40%

30%

20%

10%

0%

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

The District has a five-year Utility and General Fund Capital Improvement Plan (CIP). By planning for capital needs over a five-year period the District will be able to see what the upcoming needs are, and what resources will be available to meet those needs. The Capital Improvement Plan (CIP) is broken down into four categories; the General Fund Renewal and Replacement Fund, Utility Renewal and Replacement Fund, Water Connection Fee Fund, and Wastewater Connection Fee Fund during the five-year period. You will find a brief description, cost breakdown and source of funding for each of the projects identified in the FY 2019-2023 CIP Plan. The CIP worksheets contain projects that have been identified by the District office and Utility plant management teams. A significant number of these projects and related dollars have been identified as Utility Renewal & Replacement projects (approximately
$1,561,494). According to the Bond indenture, 5% of the previous year’s revenues

are required to be transferred to the R&R fund from the Revenue (operating) Fund to be spent for this purpose. Ultimately the additional requested funds come out of the Utilities Revenue Fund. The Utility Renewal and Replacement Fund reflects a fund balance over $280,000 for FY 2019. The General Fund Renewal and Replacement Fund reflects $722,005 in Stormwater improvement projects with a fund balance over $525,000.

We are currently in the process of completing a Revenue Sufficiency Analysis. This study is very important to aid in the adoption of rate increases in the upcoming years. In order to be able to continue with the CIP effort, the District’s Utility system may need to provide additional revenues to fund future projects.

I believe the Department Heads and Staff have tried to address the concerns of the Board and have been diligent in keeping expenditures down while providing quality service to the residents throughout the year. I would like to thank the Staff for all their hard work in addressing these major issues.

We respectfully submit the FY 2019 budget for your review and consideration.

Sincerely,

Dennis M. Pickle
Dennis M. Pickle District Manager

ST. LUCIE WEST SERVICES DISTRICT
FY 2018/2019 BUDGET

TABLE OF CONTENTS

Budget Summary
Budget Summary…	1
General Fund
General Fund Budget Overview…	2
General Fund Revenues & Expenditures…	4
General Fund Budget Summary	6
General Fund Budget & Five-Year Operating Forecast.	7
General Fund Renewal & Replacement Summary	17
General Fund Budget Account Descriptions and Assumptions…	18
Water & Sewer Fund
Water & Sewer Fund Budget Overview…	26
Water & Sewer Fund Revenues & Expenditures…	28
Water & Sewer Fund Budget Summary.	30
Water & Sewer Fund Budget & Five-Year Operating Forecast…	31
Water & Sewer Fund Account Descriptions and Assumptions.	42
Water & Sewer Fund Capital Funding Revenue & Expenditures.	52
Water & Sewer Fund Renewal & Replacement Fund…	53
Water & Sewer Fund Water Connection Fee Fund…	54
Water & Sewer Fund Wastewater Connection Fee Fund.	55
Other Funds
Debt Service Fund – Water Management Benefit Series 2013 & 2014 Five-
Year Operating Forecast…	56
Debt Service Fund – Cascades Series 2010 Five-Year Operating Forecast…	57

BUDGET SUMMARY
St. Lucie West Services District - Fiscal Year 2019

ESTIMATED REVENUES	

GENERAL FUND	

DEBT SERVICE	

CAPITAL PROJECTS	

UTILITY FUNDS	

CONNECTION FEE FUNDS	

TOTAL ALL FUNDS	
Non-Ad Valorem WMB Assessment	  $194 per ERU Until 2025	$ 2,066,907				$	2,066,907	
Non-Ad Valorem Special Maintenance Assessment $106 per ERU	$ 1,099,590					$	1,099,590	
Storm Water Drainage Fees From City	$ 1,814,872					$	1,814,872	
City Special Assessment for Bond	$	388,223					$	388,223	
Other General Fund Revenues
Utility Rate Revenues	41,625			
$	8,406,858		$	41,625
$	8,406,858	
Other Utility Fund Revenues General Fund R&R
Storm Water Drainage Fees From City - To R&R Utility Fund R&R
Water Connection Fee Fund			

$	11,777	$	642,733	

$	3,902	$	642,733
$	-

$	-
$	3,902	
Wastewater Connection Fee Fund					$	3,126	$	3,126	
TOTAL SOURCES	$ 3,344,310	$ 2,066,907	$	11,777	$	9,049,591	$	7,028	$	14,479,613	
Transfer In From General Fund		388,223	$	354,980			$	743,203	
Transfer In for Utility Fund R&R			$	1,240,989			$	1,240,989	
TOTAL REVENUES & TRANSFERS IN	$ 3,344,310	$ 2,455,130	$	1,607,746	$	9,049,591	$	7,028	$	16,463,805	
							
EXPENDITURES							
General Fund	$ 3,022,245					$	3,022,245	
General Fund Personnel	$ 1,904,441						
General Fund Operating	$	943,804						
General Fund Capital Outlay
General Fund R&R	$	174,000		
$	722,005			
$	722,005	
Utility Operating Fund				$	5,818,156		$	5,818,156	
Utility Fund Personnel				$	2,638,612			
Utility Fund Operating				$	2,976,494			
Utiity Fund Capital Outlay				$	203,050			
Debt Service Utility Fund R&R
Water Connection Fee Fund		$ 2,330,726	
$	1,561,494	$	2,708,655	

$	1,200,000	$	5,039,381
$	1,561,494
$	1,200,000	
Wastewater Connection Fee Fund					$	-	$	-	
TOTAL EXPENDITURES	$ 3,022,245	$ 2,330,726	$	2,283,499	$	8,526,811	$	1,200,000	$	17,363,281	
Transfer Out to General Fund R&R	$	354,980					$	354,980	
Transfer Out to 2014 Bond	$	388,223					$	388,223	
Transfer Out to Utility Fund R&R				$	1,240,989		$	1,240,989	
TOTAL EXPENDITURES AND TRANSFERS OUT	$ 3,765,448	$ 2,330,726	$	2,283,499	$	9,767,800	$	1,200,000	$	19,347,473	
Fund Balance/Reserves	$ 2,614,929	$	383,079	$	1,746,839	$	5,554,564	$	1,467,317	$	11,766,728	

NET ENDING BALANCE	
$ 2,193,791	
$	507,483	
$	1,071,086	
$	4,836,355	
$	274,345	
$	8,883,060	

ST. LUCIE WEST SERVICES DISTRICT
GENERAL FUND BUDGET OVERVIEW
Budget Discussion

The budget is an annual process that involves the Board of Supervisors, the District Manager and staff, operations and billing personnel, engineers and others. This process must first consider anticipated revenues we will receive from operations so as to determine the resources available to be budgeted. First claim on the resources will be the essential costs necessary for the proper operation and maintenance of the general fund operations. Any remaining funds may then be utilized for the capital improvement program and remaining needs.

In the Governmental Funds, separate accounting funds are set up for the bonded debt service and proceeds from bond issues. There are three such funds at St. Lucie West Services District. These three funds are shown on the last three pages of this budget. Separate assessments on the District property owners are assigned exclusively for the Water Management Benefit Series 2013 and the Cascades Series 2010 Debt Service Funds. The proceeds of these assessments can be used for no other purpose than the debt service of these two bond issues. The District recently refunded the Water Management Benefit Series 2010 bond at a savings of $24.00 per ERU per year through 2025 the total savings was $6,488,000 and did not extend the term. The Cascades Bond was paid off in 2018.

We have divided the general fund budget into two parts: the operating budget and the capital budget.

The capital budget is for infrastructure improvements, system expansion to handle customer growth, renewal and replacements, service extensions, additions, or extraordinary repairs. The addition of a Renewal and Replacement Fund will be utilized to fund these projects.

We anticipate finishing the current fiscal year with a deficit due to the purchase of the Trails Club House and 10 acres for stormwater improvements. We are budgeting for a deficit in FY 2019 due to the 6B Relocation Project. The General Fund for both FY 2018 and 2019 will have a fund balance exceeding
$2,000,000. This also means that the District will have sufficient cash flow to carry operating costs until the General Fund starts receiving revenue from the maintenance assessments in November and the  Storm Water Fees from the City of Port St. Lucie in January.

Certain decisions, especially in the capital improvement program, made during the budget process have an impact which extends to multiple fiscal years and not only the year for which the budget is approved. In order to demonstrate this impact, five (5) year forecasts have been developed for each system for both the operating and capital budgets.

Assumptions Used in Preparing the Budget

Inflation – The following inflationary rates are utilized; for the regular salaries line item the rate increased to 2.1% for FY 2019 and was based upon the change in the U.S. Bureau of Labor Statistics Consumer Price Index ‐ All Urban Customers, U.S. City Average, Services, for most other line items, where applicable, a general inflationary rate of 2% is utilized. There are some exceptions such as health insurance 10% this year, and liability insurance 3.01% this year for which national projections call for continuing increases. Energy costs are expected to grow at an inflation rate of 1.86% for FY 2019 as well.

Rate Adjustment – The Special Assessment rate of $106.00 per ERU proposed within this year’s budget for FY 2019 which reflects no increase over the FY 2018 Budget.

The ERU numbers are expected to remain the same in FY 2019. We expect revenues in most categories to remain the same per year for each of the next five years. Fiscal years 2019 and 2020 reflects no increase but 2021, 2022 and 2023 reflect a $5.00 per ERU increase in assessments.

Capital Improvement Program

The capital improvement program has several items for your review. In a continuation of the previous years funding practices for capital items, we are proposing to pay for the capital items directly rather than financing the purchase over a number of years. The typical interest rates charged for lease financing are significant, and therefore the District can save a significant amount by purchasing the items. All equipment purchase will be paid for outright at the time of purchase.

A summary of the funding sources for all system capital projects budgeted in FY 2019 are as follows: The Aquatics Division is requesting the replacement of a 2009 F‐350 at $50,000 and the replacement of a 2014 John Deere UTV for $12,000; The Administration Division has no Capital requests for FY 2019; The Exotic Plant Removal Division has no Capital requests for FY 2019. The Stormwater Division is budgeting $35,000 for the replacement of a 2009 Kubota tractor, $9,000 for the replacement of a 2015 Kawasaki Mule,
$16,000 for the replacement of a 2007 Woods Mower and $9,000 for the replacement of a 2016 Kawasaki Mule. The Shop Division is requesting $55,000 for the replacement of a 2010 Ford F‐350 which will be split with the UT Department. The General Fund Renewal and Replacement Fund Project is for emergency storm water projects in the amount of $162,005 and $560,000 for the relocation of the 6B Stormwater gate. The total for the list of capital R&R items is $722,005 in the General Fund for FY 2019 and will leave a fund balance of over $525,656.

Project Maintenance Fees 1.23%
Interest 0.00%

Permit Fees 0.00%

Miscellaneous Fees 0.01%

City for Stormwater Bond Payment 11.92%

Special Assessments 32.76%

Storm Water Drainage Fees 54.08%

TOTAL REVENUES	$ 3,356,087

PERCENT
     TOTALS 	REVENUES	

Storm Water Drainage Fees	1,814,872	54.08%	
Special Assessments	1,099,590	32.76%	
City for Stormwater Bond Payment	400,000	11.92%	
Interest	30	0.00%	
Project Maintenance Fees	41,141	1.23%	
Permit Fees	-	0.00%	
Miscellaneous Fees	 	454	 	0.01%	
TOTAL OPERATIONAL REVENUE	$ 3,356,087	100.00%	

GENERAL FUND PRIOR YEARS BALANCE	
$ 2,614,929		

0%

0%

1% 1%
1%

0%

4%
1%

10%

16%

10%

18%

9%

25%

4%

Aquatics Division
Stormwater Maintenance Division Administration Division
Exotic Plant Removal Division Finance
Capital Improvement Projects R&R Fund Legal Services
Shop Operations Engineering Services District Manager Board of Supervisors Clerk to the Board Pollution Control
Debt Service 2014 Bond
Grant Management

TOTAL EXPENDITURES	$ 3,777,225

PERCENT
CAPITAL
PERSONNEL  OPERATING  OUTLAY      TOTALS	EXPENDITURES

Aquatics Division	354,351	187,329	62,000	603,680	15.98%	
Stormwater Maintenance Division	452,695	139,685	81,000	673,380	17.83%	
Administration Division	777,317	172,551	-	949,868	25.15%	
Exotic Plant Removal Division	211,154	127,755	-	338,909	8.97%	
Finance		155,522		155,522	4.12%	
Capital Improvement Projects R&R Fund				366,757	9.71%	
Legal Services		49,982		49,982	1.32%	
Shop Operations	64,006	41,761	31,000	136,767	3.62%	
Engineering Services		34,037		34,037	0.90%	
District Manager	32,000	13,039		45,039	1.19%	
Board of Supervisors	12,918	2,500		15,418	0.41%	
Clerk to the Board		13,403		13,403	0.35%	
Pollution Control		5,058		5,058	0.13%	
Debt Service 2014 Bond				388,223	10.28%	
Grant Management	 	1,182	1,182	 	0.03%	
TOTAL EXPENDITURES	$ 1,904,441 $ 943,804 $ 174,000 $ 3,777,225	99.99%	

St. Lucie West Services District General Fund Budget Summary

ADD REVENUES:	 	FY 2017	
 	ACTUAL		 	FY 2018	 ORIGINAL BUDGET	 	FY 2018	
 	ESTIMATE		 	FY 2019	
     PROPOSED		
Special Assessments	1,122,932	1,080,890	1,088,890	1,099,590	
Stormwater Drainage Fees	1,765,393	1,762,872	1,814,872	1,814,872	
City Stormwater Drainage Fee for Bond	400,000	400,000	400,000	400,000	
Other Revenues	 	47,048	 	1,108,605	 	88,301	 	41,625	
TOTAL OPERATING REVENUES	3,335,373	4,352,367	3,392,063	3,356,087	
FUND BALANCE, October 1	3,078,332	3,314,713	3,314,713	2,614,929	
TOTAL REVENUES AND FUNDS AVAILABL	6,413,705	7,667,080	6,706,776	5,971,016	

DEDUCT EXPENDITURES:
Board of Supervisors	

11,349	

15,365	

15,365	

15,418	
District Manager	23,852	28,297	28,297	45,039	
Finance	79,914	153,167	153,167	155,522	
Grant Management	-	1,157	1,157	1,182	
Clerk to the Board	9,870	13,115	13,115	13,403	
Legal Services	22,353	48,906	48,906	49,982	
Engineering Services	33,349	33,304	33,304	34,037	
Pollution Control	-	4,949	4,949	5,058	
Administration Division	842,014	1,236,734	1,472,390	949,868	
Aquatics Division	470,778	563,268	613,978	603,680	
Stormwater Maintenance Division	730,645	577,924	644,094	673,380	
Exotic Plant Removal Division	310,407	490,218	499,594	338,909	
Shop Operations	108,225	115,920	103,755	136,767	
Capital Improvement Projects R&R	66,780	1,129,627	1,135,359	366,757	
Capital Debt Service 2014 Bond	389,456	391,417	391,417	388,223	
TOTAL EXPENDITURES	3,098,992	4,803,368	5,158,847	3,777,225	
FUND BALANCE, SEPTEMBER 30	 	3,314,713	 	2,863,712	 	1,547,929	 	2,193,791	

	
Actual		
Actual YTD		
Estimate EOY	
Orig. Budget		Final Amended
Budget		
Budget	
	FY 2017		FY 2018		FY 2018	FY 2018		FY 2018		FY 2019	
	
General Fund Balance (Beginning)	3,078,332		
3,314,713		
3,314,713	
3,314,713		
3,314,713		
2,614,929	
	OPERATING REVENUE										
1-04001	Permit Fees	12,348				-	-		-		-	
1-04002	Grant Revenue	-				-	-		5,732		-	
1-04003	Miscellaneous Fees	-				-	437		437		454	
1-04004	Storm Water Drainage Fees From City	1,765,393		1,657,591		1,800,000	1,762,872		1,814,872		1,814,872	
1-04005	Project Maintenance Fees	-				41,141	41,141		41,141		41,141	
1-04006	Interest	67		39		94	27		27		30	
1-04007	Special Maintenance Assessments	1,122,932		914,601		1,069,432	1,080,890		1,088,890		1,099,590	
1-04008	Interfund Transfers	-				-	-		-		-	
1-04009	Miscellaneous Income	34,633		28,964		28,964	-		40,964		-	
1-04010	WMB Prepayment	-
Land Sale	-				-	-
1,067,000		-
1,067,000		-	
1-04012	Stormwater Drainage from City for Bond	389,367		200,000		391,417	391,417		391,417		388,223	
1-04014	  Stormwater Drainage from City for Lake Harvey R&R	10,633		 			 	8,583	 	8,583		 	8,583		11,777	
	Total Revenues	$	3,335,373		$	2,801,195		$	3,339,631	$	4,352,367		$	4,459,063		$	3,356,087	
	
OPERATING EXPENSES
 Board of Supervisors										
1-05001	Executive Salaries	9,800		5,600		13,440	12,000		12,000		12,000	
1-05002	FICA	801		462		1,109	918		918		918	
1-05015	   Board Meeting Expenses	749		 	229		 	550	 	2,447		 	2,447		2,500	
	 	TOTAL BOARD OF SUPERVISORS	11,349		 	6,291		 	15,099	 	15,365		 	15,365		15,418	
	
District Manager										
1-06001	Assessment Fees & Costs	8,125		8,000		8,964	8,964		8,964		9,161	
1-06003	Operations & Maintenance Services	523		189		454	3,005		3,005		3,071	
1-06005	Management Contract	15,204				-	15,538		15,538		32,000	
1-06009	   Travel & Per Diem	-		 			 	-	 	790		 	790		807	
	 	TOTAL DISTRICT MANAGER	23,852		 	8,189		 	9,418	- 	28,297		 	28,297		45,039	
	
Finance										
1-07001	Dissemination Agent	-				-	2,030		2,030		2,030	
1-07002	Arbitrage	-				-	1,779		1,779		1,818	
1-07004	Accounting Services	28,532		11,072		26,573	34,696		34,696		35,459	
1-07005	Auditing	11,350				-	16,978		16,978		17,352	
1-07007	Banking Services	136				-	3,957		3,957		4,044	
1-07009	Property & Casualty Insurance	9,246		49,983		54,614	54,614		54,614		55,706	
1-07015	Office Supplies/Delete	152				-	-		-		-	
1-07018	  Property Taxes & Assessments	30,499		 	23,808		 	39,113	 	39,113		 	39,113		39,113	
	 	TOTAL FINANCE	79,914		 	84,863		 	120,300	 	153,167		 	153,167		155,522	
	
Grant Management										
1-12001	Contractual Services -GM	-	 		 	-	1,157	1,157	1,182	
	 	TOTAL GRANT MANAGEMENT	-	 	-	 	-   -	1,157   -	1,157	1,182	
	
Clerk to the Board				
1-13002	Other Contractual Services	6,507	3,268	7,843	7,966	7,966	8,141	
1-13004	Postage & Freight	689	285	684	1,328	1,328	1,357	

Actual	
Actual YTD	
FY 2017	FY 2018	
1,262	468	
s	1,412	 	426	
D	9,870	 	4,447	

21,148	
8,772	
l	1,205	 	506	
L	22,353	 	9,278	

s	33,349	
 	18,418	
G	33,349	 	18,418	

s	-	
 	-	
L	-	 	-	

220,105	
110,930	
1,111	386	
16,075	9,010	
19,205	8,875	
396,733	158,006	
18,789	10,372	
-		
841	1,328	
335	73	
6,900	3,600	
89	4,869	
 	-	 	-	
 	680,183	 	307,449	
36,154	31,190	
3,485	1,855	
3,920	1,167	
8,322	5,471	
592	507	
3,303	1,252	
3,271	126	
1,757	1,125	
22,134	73	
2,547	2,504	
24,879	12,197	
10,607	1,514	
2,863	2,538	
1,010	775	
14,023	3,363	
-	875	
138,864	66,532	

-		

Budget FY 2019	
2,391
1,514	
13,403	

				
Estimate EOY FY 2018	
Orig. Budget FY 2018	Final Amended Budget
FY 2018		
1-13005	Printing & Binding			1,123	2,340	2,340			
1-13007	   Legal Ad			 	1,022	 	1,481	 	1,481			
	 	TOTAL CLERK TO THE BOAR			 	10,672	 	13,115	- 	13,115			
	
Legal Services								
1-19001	General Counsel			21,053	41,832	41,832		42,752	
1-23001	   Special Counse			 	1,214	 	7,074	 	7,074		7,230	
	 	TOTAL LEGAL COUNSE			 	22,267	- 	48,906	- 	48,906		49,982	
	
Engineering Services								
1-26002	   Engineering Service			 	44,203	 	33,304	 	33,304		34,037	
	 	TOTAL ENGINEERIN			 	44,203	- 	33,304	- 	33,304		34,037	
	
Pollution Control								
1-29002	Regulatory & Permit Fee			 	-	 	4,949	 	4,949		5,058	
	 	TOTAL POLLUTION CONTRO			 	-	- 	4,949	- 	4,949		5,058	
	
ADMINISTRATION DIVISION								
	Personnel								
1-15001	Regular Salaries			266,232	243,404	246,404		249,489	
1-15002	Overtime			926	1,971	1,971		2,020	
1-15003	FICA			21,624	21,041	21,271		22,811	
1-15004	Retirement Contributions			21,300	23,482	23,752		25,516	
1-15005	Health/Life/Dental Insurance			172,370	394,109	394,109		433,520	
1-15006	Workers Comp			24,893	18,908	18,908		19,286	
1-15007	Unemployment Insurance			-	4,884	4,884		5,006	
1-15010	Uniforms			1,687	1,687	1,687		1,724	
1-15012	Training, Cont. Educ., and Licensing			175	3,199	4,199		3,270	
1-15013	Vehicle Allowance			7,200	7,200	7,200		7,200	
1-15014	Annual PTO			5,758	5,758	5,758		6,279	
1-15015	Cell Stipend			-	1,170	1,170		1,196	
Total Administration Personnel:
ADMIN Operating			 	522,165		726,813		731,313	777,317	
1-33001	Other Contractual Services			56,377	56,377	56,377	52,505	
1-33002	Website Maintenance			4,452	3,325	4,425	4,514	
1-33004	Water - Irrigation			2,801	3,197	3,197	3,261	
1-33005	Telephone & Cell Service			13,130	13,647	13,647	13,920	
1-33006	Postage & Freight			1,217	1,069	1,069	1,090	
1-33007	Electricity Services			3,005	5,402	5,402	5,510	
1-33010	Equipment Leasing			302	3,852	3,852	3,929	
1-33011	Administration Maintenance			2,700	4,166	4,166	4,250	
1-33018	Contingencies - Hurricane			175	20,400	20,400	20,400	
1-33019	Office Supplies			6,010	4,132	4,132	4,215	
1-33020	Fuel & Lubricants - Vehicle			29,273	26,141	29,141	30,598	
1-33021	Operating Supplies and Expenses			3,634	8,729	8,729	8,904	
1-33022	Computer Software			6,091	3,136	3,136	3,199	
1-33023	Computer Hardware/ Supplies			1,860	2,500	2,500	2,500	
1-33024	Fuel & Lubricants - Equipment			8,071	13,101	13,101	13,756	
1-33025	Minor Construction Expenses			2,100	-	1,000	-	
Total Administration Operating: Capital Outlay Administration
1-33101 Equipment	 	141,198	

-	169,174	

-	174,274	

-	172,551

-	

										
										
1-33102										
1-33103			
 	-	

 	663,363		
340,747	

 	1,236,734	

-	
566,803	

 	1,472,390			
- 949,868	
1-14001			278,654		268,631		269,631		275,024	
1-14002			10,778		16,889		16,889		17,311	
1-14003			22,111		22,225		22,302		22,764	
1-14004			22,721		25,697		25,787		26,310	
1-14008			3,843		3,843		3,843		3,920	
1-14010			2,011		3,713		3,713		3,787	
1-14011			1,805		4,313		4,313		4,531	
1-14012			216		690		690		704	
			 	342,139			346,001		347,168	354,351	
1-31001			11,688	11,031	11,031	11,252	
1-31003			2,210	5,432	5,432	5,541	
1-31005			6,427	7,735	6,735	6,870	
1-31009			14,966	14,502	14,502	14,792	
1-31011			104,203	141,857	136,524	143,350	
1-31012			 	1,699	 	6,710	 	5,710	5,524	
			 	141,193	 	187,267	 	179,934	 	187,329	
1-31101			27,609	30,000	75,333	62,000	
1-31102			1,810	-	11,543	-	
1-31103			-	-	-	-	
			 	29,419	

 	512,751	30,000	

 	563,268 	86,876	

-	613,978		62,000

603,680	
1-16001	371,393	337,934	345,934	354,582	
1-16002	17,460	18,816	18,816	19,286	
1-16003	30,038	27,932	28,544	29,358	
1-16004	34,997	32,107	32,827	33,648	
1-16008	3,583	3,583	3,583	3,655	
1-16010	715	2,224	2,224	2,269	
1-16011	7,506	7,506	7,506	9,010	
1-16012	-	870	870	887	
	 	465,692		430,972		440,304	452,695
-	
1-34001	47,580	15,758	51,053	37,074	
1-34002	2,016	3,083	8,083	8,245	
1-34004	986	2,081	2,081	2,123	
1-34005	7,553	14,952	14,952	15,251	
1-34006	497	-	-	-	
1-34007	27,223	35,000	40,000	35,000	

Actual FY 2017
Building	22,967
Other	-	
Actual YTD FY 2018	
	
-	
Total Administration Capital Outlay:	22,967	-	
		
 	TOTAL ADMINISTRATION	842,014	 	373,981	
AQUATICS DIVISION		
Personnel		
Regular Salaries	238,828	116,106	
Overtime	13,553	4,491	
FICA	19,356	9,213	
Retirement Contributions	21,626	9,467	
Uniforms	2,899	1,787	
Training, Cont. Educ., and Licensing	2,041	838	
Annual PTO	180	752	
Cell Stipend	 	75	 	90	
Total Aquatics Personnel: 	298,558	 	142,744	
Aquatics Operating		
Operations & Maintenance Svc	6,799	4,870	
Disposal Fees	4,110	921	
Operating Supplies	5,883	2,678	
Equipment Maintenance	14,259	6,236	
Chemicals	99,805	43,418	
Machinery & Equipment	 	7,565	 	708	
Total Aquatics Operating: 	138,420	 	58,831	
Capital Outlay Aquatics		
Equipment	33,800	27,609	
Building	-	754	
Other	-	-	
Total Aquatics Capital Outlay:	33,800	28,363	
			
TOTAL AQUATICS DIVISION	470,778	229,938	

STORM WATER MANAGEMENT DIVISION		
Personnel		
Regular Salaries	317,604	154,747	
Overtime	18,125	7,275	
FICA	25,766	12,516	
Retirement Contributions	30,073	14,582	
Uniforms	1,941	1,381	
Training, Cont. Educ., and Licensing	137	298	
Annual PTO	38	2,186	
Cell Stipend	 	-	 	-	
Total Storm Water Personnel: 	393,685	 	192,985	
Storm Water Operating		
Operations & Maintenance Svc	15,036	19,825	
Laboratory Services	2,322	840	
Disposal Fees	1,805	411	
Operating Supplies	12,754	3,147	
Storm Ditch Maint	18,201	207	
Landscape Materials	8,190	11,343	

		Final Amended		
Estimate EOY	Orig. Budget	Budget	Budget	
FY 2018	FY 2018	FY 2018	FY 2019	
	340,747	399,988	-	
-	-	166,815	-	

		
Actual	
Actual YTD		
Estimate EOY		
Orig. Budget		Final Amended
Budget		
Budget	
		FY 2017	FY 2018		FY 2018		FY 2018		FY 2018		FY 2019	
1-34008	Vehicle Maintenance	8,829	1,967		4,721		12,443		12,443		12,692	
1-34009	Equipment Maintenance	20,354	6,600		15,840		21,783		21,783		22,219	
1-34011	Chemicals	-	-		-		3,080		3,080		3,234	
1-34014	Electricity Services	 	2,967	 	1,273		 	3,055		 	3,772		 	3,772		3,847	

Total Storm Water Operating: 	90,457 Capital Outlay Storm Water

 	45,613

Equipment Building
Other - GIS Mapping
Total Storm Water Capital Outlay:

246,503
-
-
246,503

7,900
3,065

10,965

TOTAL STORM WATER MANAGEMENT DIVISION

730,645

249,563

EXOTIC PLANT REMOVAL DIVISION
Personnel

 	109,471	 	111,952	 	157,247	 	139,685

- 7,356
-

- 35,000
-

-     46,543
-

81,000
-
-

1-34101
1-34102
1-34103
 	7,356	35,000	46,543	81,000

 	582,519	 	577,924   -	644,094	673,380

1-17001	Regular Salaries	150,890	74,061	177,746	163,221	162,221	166,277	
1-17002	Overtime	9,344	2,456	5,894	5,661	5,661	5,803	
1-17003	FICA	12,421	6,032	14,477	13,233	13,156	13,489	
1-17004	Retirement Contributions	14,679	6,887	16,529	15,199	15,109	15,487	
1-17008	Uniforms	1,998	1,300	3,120	3,562	3,562	3,633	
1-17010	Training, Cont. Educ., and Licensing	885	197	473	2,176	2,176	2,220	
1-17011	Annual PTO	-	1,139	3,643	3,643	3,643	3,786	
1-17012	Cell Stipend	 	-	 	-	-	450	450	459	
Total Exotic Plant Personnel: 	190,217
Exotic Plant Operating	 	92,072	 	221,882	207,145	205,978	211,154
-	
1-35001	Operations & Maintenance Svc	24,547	10,177	24,425	25,688	25,688	26,202	
1-35003	Disposal Fees	6,900	2,320	5,568	7,375	7,375	7,523	
1-35004	Operating Supplies	18,596	7,484	17,962	18,333	18,333	18,700	
1-35006	Vehicle Maintenance	8,968	3,041	7,298	9,406	9,406	9,594	
1-35008	Chemicals	3,645	391	938	7,415	6,415	6,736	
1-35010	Maintenance Contracts	 	57,535	 	43,123	 	103,495	 	59,000	 	59,000	59,000	

Total Exotic Plant Operating: 	120,190 Capital Outlay Exotic Plant

 	66,536

 	159,686	 	127,217	 	126,217	 	127,755

Equipment Building Other

Total Exotic Plant Capital Outlay:

-
-
-
-

134,768
2,088
-
136,856

- 5,011
-
5,011

155,856
-
-
155,856

155,856
11,543
-
167,399

-
-
-
-

TOTAL EXOTIC PLANT REMOVAL DIVISION

310,407

295,464

 	386,579	 	490,218   -	499,594	338,909

SHOP OPERATIONS DIVISION
Personnel

Total Shop Personnel: 	64,981

 	24,524

 	58,858	74,478	62,813	64,006

1-35101
1-35102
1-35103

1-18001	Regular Salaries	49,109	18,270	43,848	54,953	44,953	45,852	
1-18002	Overtime	5,623	1,897	4,553	5,651	5,651	5,792	
1-18003	FICA	4,216	1,634	3,922	4,731	3,966	3,951	
1-18004	Retirement Contributions	5,064	1,375	3,300	5,454	4,554	4,648	
1-18013	Uniforms	424	251	602	778	778	794	
1-18015	Training, Cont. Educ., and Licensing	545	635	1,524	1,673	1,673	1,706	
1-18016	Annual PTO	-	462	1,109	998	998	1,018	
1-18017	Cell Stipend	 	-	 	-	-	240	240	245	

					
Estimate EOY FY 2018		
Orig. Budget FY 2018		Final Amended Budget
FY 2018		
Budget FY 2019	
									-			
1-36001					10,241		11,270		11,270		11,495	
1-36002					1,514		3,652		3,152		3,215	
1-36003					6,634		9,328		9,328		9,515	
1-36006					 	12,986		 	17,192		 	17,192		17,536	

1-36101
1-36102
1-36103					 	31,375

-
-
-
 	-	

 	90,233		 	41,442

-
-
-
-	

 	115,920 	

-		 	40,942

-
-
-
-	

103,755			 	41,761

31,000
-
- 31,000

136,767	

Total Operating Expenses	2,642,756	1,318,029	2,457,404	3,282,324	3,632,071	3,022,245

Actual	
Actual YTD	
FY 2017	FY 2018	
Shop Operating		
Operations & Maintenance Svc	10,659	4,267	
Disposal Fees	2,894	631	
Operating Supplies	9,524	2,764	
Machinery & Equipment	 	17,219	 	5,411	
Total Shop Operating: 	40,297	 	13,073	
Capital Outlay Shop		
Equipment	2,947	-	
Building	-	-	
Other	-	-	
Total Shop Capital Outlay:	2,947	-	
			
SHOP OPERATIONS DIVISION	108,225	37,597	

  	 

NON-OPERATING INCOME AND EXPENSES
Other Expense

DEBT SERVICE EXPENSES
1-04013	Principal 2014 Bond Issue - sent to Trustee			255,000											265,000			265,000	270,000 1-04013	Interest 2014 Bond issue - sent to Trustee	 		134,456	 					 		 			126,417	 		126,417	118,223 TOTAL DEBT SERVICE: 	389,456	 		-		 		-	 		391,417	 		391,417	 			388,223

CAPITAL IMPROVEMENT

56,147
- 10,633
 	-

Capital Improvement Program R&R Add R&R Funding / Grant Revenue
Add SWD funds from City for DS commitment Land Sale Transfer to R&R Funding

54,980
300,000
11,777
-

54,044	54,044
-	5,732
8,583	8,583
 	       	1,067,000	 	1,067,000

TOTAL OTHER CAPITAL EXPENSES R&R FUND:	66,780	-	-	1,129,627	1,135,359	366,757

  

$	3,356,087

Total Expenses

$	3,098,992

$	1,318,029

$	2,457,404

$	4,803,368	$

5,158,847	$

3,777,225

  

Total Revenues

$	3,335,373

$	2,801,195

$	3,339,631

$	4,352,367	$

4,459,063

(421,138)

Surplus/(Deficit)	236,381	1,483,166	882,227	(451,001)	(699,784)

Available Operating Cash Balance (Ending)

  $	3,314,713	$	4,797,879	$	4,196,940	$	2,863,712	$

2,614,929	$

2,193,791

Forecast

Budget FY 2019

FY 2020	FY 2021	FY 2022	FY 2023

	General Fund Balance (Beginning)

OPERATING REVENUE	2,614,929	2,193,791		1,980,184		1,547,118		1,242,420	
1-04001	Permit Fees	-	-		-		-		-	
1-04002	Grant Revenue	-	-		-		-		-	
1-04003	Miscellaneous Fees	454	472		491		511		531	
1-04004	Storm Water Drainage Fees From City	1,814,872	1,814,872		1,814,872		1,814,872		1,814,872	
1-04005	Project Maintenance Fees	41,141	41,141		41,141		41,141		41,141	
1-04006	Interest	30	33		36		40		44	
1-04007	Special Maintenance Assessments	1,099,590	1,099,590		1,153,090		1,153,090		1,153,090	
1-04008	Interfund Transfers	-	-		-		-		-	
1-04009	Miscellaneous Income	-	-		-		-		-	
1-04010	WMB Prepayment	-	-		-		-		-	
1-04012	Stormwater Drainage from City for Bond	388,223	390,091		391,138		392,017		392,017	
1-04014	Stormwater Drainage from City for Lake Harvey R&R	11,777	9,909		8,862		7,983		7,983	
	Total Revenues	$	3,356,087	$ 3,356,108		$	3,409,630		$	3,409,654		$	3,409,678	
	
OPERATING EXPENSES									
	Board of Supervisors									
1-05001	Executive Salaries	12,000	12,000		12,000		12,000		12,000	
1-05002	FICA	918	918		918		918		918	
1-05015	Board Meeting Expenses	2,500	2,555		2,611		2,668		2,727	
	TOTAL BOARD OF SUPERVISORS	15,418	15,473		15,529		15,586		15,645	
	
District Manager									
1-06001	Assessment Fees & Costs	9,161	9,363		9,569		9,780		9,995	
1-06003	   Operations & Maintenance Services		3,071	3,139		3,208		3,279		3,351	
1-06005	Management Contract	32,000	43,312		44,265		45,239		46,234	
1-06009	Travel & Per Diem	807	825		843		862		881	
	TOTAL DISTRICT MANAGER	45,039	56,639		 	57,885		 	59,160		 	60,461	
	
Finance									
1-07001	Dissemination Agent	2,030	2,030		2,030		2,030		2,030	
1-07002	Arbitrage	1,818	1,858		1,899		1,941		1,984	
1-07004	Accounting Services	35,459	36,239		37,036		37,851		38,684	
1-07005	Auditing	17,352	17,734		18,124		18,523		18,931	
1-07007	Banking Services	4,044	4,133		4,224		4,317		4,412	
1-07009	Property & Casualty Insurance	55,706	68,820		59,196		60,380		61,588	
1-07018	Property Taxes & Assessments	39,113	39,113		 	39,113		 	39,113		 	39,113	
	TOTAL FINANCE	155,522	169,927		 	161,622		 	164,155		 	166,742	
	
Grant Management									
1-12001	Contractual Services -GM	1,182	1,208		1,235		1,262		1,290	
	TOTAL GRANT MANAGEMENT	1,182	1,208		1,235		1,262		1,290	
	
Clerk to the Board									
1-13002	Other Contractual Services	8,141	8,320		8,503		8,690		8,881	
1-13004	Postage & Freight	1,357	1,387		1,418		1,449		1,481	

Printing & Binding	2,391
Legal Ads	1,514	2,444
1,547	
TOTAL CLERK TO THE BOARD	13,403	13,698	

1-13005			2,498		2,553		2,609	
1-13007			1,581		1,616		1,652	
			14,000		14,308		14,623	
	
Legal Services							
1-19001	General Counsel	42,752	43,693	44,654		45,636		46,640	
1-23001	Special Counsel	7,230	7,389	7,552		7,718		7,888	
	TOTAL LEGAL COUNSEL	49,982	51,082	52,206		53,354		54,528	
	
Engineering Services							
1-26002	Engineering Services	34,037	34,786	35,551		36,333		37,132	
	TOTAL ENGINEERING	34,037	34,786	35,551		36,333		37,132	
	
Pollution Control							
1-29002	Regulatory & Permit Fees	5,058	5,169	5,283		5,399		5,518	
	TOTAL POLLUTION CONTROL	5,058	5,169	5,283		5,399		5,518	
	
ADMINISTRATION DIVISION							
	Personnel							
1-15001	Regular Salaries	249,489	335,726	344,119		352,722		361,540	
1-15002	Overtime	2,020	2,071	2,123		2,176		2,230	
1-15003	FICA	22,811	30,290	31,022		31,772		32,540	
1-15004	Retirement Contributions	25,516	34,300	35,146		36,012		36,900	
1-15005	Health/Life/Dental Insurance	433,520	483,866	517,737		553,979		592,758	
1-15006	Workers Comp	19,286	19,672	20,065		20,466		20,875	
1-15007	Unemployment Insurance	5,006	5,131	5,259		5,390		5,525	
1-15010	Uniforms	1,724	1,762	1,801		1,841		1,882	
1-15012 Training, Cont. Educ., and Licensing		3,270	3,342	3,416		3,491		3,568	
1-15014 Annual PTO	6,279	6,417	6,558		6,702		6,849	
1-15015 Cell Stipend	1,196	1,222	1,249		1,276		1,304	
Total Administration Personnel: 	777,317	930,999	975,695	1,023,027	1,073,171	
	ADMIN Operating	
1-33001	Other Contractual Services	52,505	53,555	54,626		55,719		56,833	
1-33002	Website Maintenance	4,514	4,604	4,696		4,790		4,886	
1-33004	Water - Irrigation	3,261	3,326	3,393		3,461		3,530	
1-33005	Telephone & Cell Service	13,920	14,198	14,482		14,772		15,067	
1-33006	Postage & Freight	1,090	1,112	1,134		1,157		1,180	
	Electricity Services	5,510	5,620	6,013		6,434		6,884	
1-33010	Equipment Leasing	3,929	4,008	4,088		4,170		4,253	
	   Administration Maintenance		4,250	4,335	4,422		4,510		4,600	
1-33018	Contingencies - Hurricane	20,400	20,400	20,400		20,400		20,400	
1-33019	Office Supplies	4,215	4,299	4,385		4,473		4,562	
1-33020	Fuel & Lubricants - Vehicle	30,598	32,128	33,734		35,421		37,192	
1-33021	   Operating Supplies and Expenses		8,904	9,082	9,264		9,449		9,638	
1-33022	Computer Software	3,199	3,263	3,328		3,395		3,463	
1-33023	Computer Hardware/ Supplies	2,500	2,500	2,500		-		-	
1-33024	Fuel & Lubricants - Equipment	13,756	14,444	15,166		15,924		16,720	
1-33025	Minor Construction Expenses	-	-	-		-		-	
Total Administration Operating:	172,551	176,874	181,631	184,075	189,208	

-
-
-

-
-
-

-
-
-

-
-
-

-
-
-

Capital Outlay Administration
1-33101 Equipment
1-33102 Building
1-33103 Other
Total Administration Capital Outlay: 	-	-	-	-	-

 	TOTAL ADMINISTRATION	949,868	1,107,873 	1,157,326 	1,207,102 	1,262,379

AQUATICS DIVISION

275,024	281,900	288,948	296,172	303,576	
17,311	17,744	18,188	18,643	19,109	
22,764	23,331	23,913	24,508	25,119	
26,310	26,968	27,642	28,333	29,042	
3,920	3,998	4,078	4,160	4,243	
4,531	4,622	4,714	4,808	4,904	
704	718	732	747	762	

Personnel
1-14001 Regular Salaries
1-14002 Overtime
1-14003 FICA
1-14004 Retirement Contributions
1-14008 Uniforms
1-14011 Annual PTO
1-14012 Cell Stipend
Total Aquatics Personnel: 	354,351	363,144	372,155	381,390	390,854
	Aquatics Operating		
1-31001	Operations & Maintenance Svc		11,252	11,477		11,707		11,941		12,180	
1-31003	Disposal Fees		5,541	5,652		5,765		5,880		5,998	
1-31005	Operating Supplies		6,870	7,007		7,147		7,290		7,436	
1-31009	Equipment Maintenance		14,792	15,088		15,390		15,698		16,012	
1-31011	Chemicals		143,350	150,518		158,044		165,946		174,243	
1-31012	Machinery & Equipment		5,524	5,334		5,141		4,944		4,743	
		Total Aquatics Operating:	187,329	195,076		203,194		211,699		220,612	
	Capital Outlay Aquatics										
1-31101	Equipment		62,000	-		100,000		-		-	
1-31102	Building		-	-		-		-		-	
1-31103	Other		-	-		-		-		-	
Total Aquatics Capital Outlay: 	62,000	-	100,000	-	-	
	TOTAL AQUATICS DIVISION	603,680	558,220	675,349	593,089	611,466	
	
STORM WATER MANAGEMENT DIVISION
Personnel						
1-16001	Regular Salaries	354,582	363,447		372,533		381,846		391,392	
1-16002	Overtime	19,286	19,768		20,262		20,769		21,288	
1-16003	FICA	29,358	30,088		30,837		31,603		32,389	
1-16004	Retirement Contributions	33,648	34,489		35,352		36,235		37,141	
1-16008	Uniforms	3,655	3,728		3,803		3,879		3,957	
1-16011	Annual PTO	9,010	9,190		9,374		9,561		9,752	
1-16012	Cell Stipend	887	905		923		941		960	
Total Storm Water Personnel: 	452,695	463,929	475,444	487,241	499,334	
	Storm Water Operating						
1-34001	Operations & Maintenance Svc	37,074	37,815	38,571	39,342	40,129	
1-34002	Laboratory Services	8,245	8,410	8,578	8,750	8,925	
1-34004	Disposal Fees	2,123	2,165	2,208	2,252	2,297	
1-34005	   Operating Supplies		15,251	15,556	15,867	16,184	16,508	

1-34006     Storm Ditch Maint	-	-	-	-	-
1-34007    Landscape Materials	35,000	25,000	25,000	25,000	25,000
1-34008    Vehicle Maintenance	12,692	12,946	13,205	13,469	13,738
1-34009    Equipment Maintenance		22,219	22,663	23,116	23,578	24,050
1-34011    Chemicals	3,234	3,396	3,566	3,744	3,931
1-34014    Electricity Services	3,847	 	3,885 	4,157 	4,365 	4,583
Total Storm Water Operating: 	139,685	 	131,836 	134,268 	136,684 	139,161

81,000	14,000	-	-	-	
-	-	-	-	-	
-	-	-	-	-	

Capital Outlay Storm Water
1-34101 Equipment
1-34102 Building
1-34103 Other - GIS Mapping
Total Storm Water Capital Outlay: 	81,000	14,000	-	-	-

	TOTAL STORM WATER MANAGEMENT DIVISION	673,380	609,765	609,712	623,925	638,495	
	
EXOTIC PLANT REMOVAL DIVISION						
	Personnel						
1-17001	Regular Salaries	166,277	170,434		174,695		179,062		183,539	
1-17002	Overtime	5,803	5,948		6,097		6,249		6,405	
1-17003	FICA	13,489	13,824		14,168		14,521		14,882	
1-17004	Retirement Contributions	15,487	15,874		16,271		16,678		17,095	
1-17008	Uniforms	3,633	3,706		3,780		3,856		3,933	
1-17011	Annual PTO	3,786	3,862		3,939		4,018		4,098	
1-17012	Cell Stipend	459	468		477		487		497	
Total Exotic Plant Personnel: 	211,154	216,380	221,736	227,226	232,851	
	Exotic Plant Operating										
1-35001	Operations & Maintenance Svc		26,202	26,726		27,261		27,806		28,362	
1-35003	Disposal Fees		7,523	7,673		7,826		7,983		8,143	
1-35004	Operating Supplies		18,700	19,074		19,455		19,844		20,241	
1-35006	Vehicle Maintenance		9,594	9,786		9,982		10,182		10,386	
1-35008	Chemicals		6,736	7,073		7,427		7,798		8,188	
1-35010	Maintenance Contracts		59,000	59,000		59,000		59,000		-	
		Total Exotic Plant Operating:	127,755	129,332		130,951		132,613		75,320	

-	27,000	126,000	-	-	
-	-	-	-	-	
-	-	-	-	-	

Capital Outlay Exotic Plant
1-35101 Equipment
1-35102 Building
1-35103 Other
Total Exotic Plant Capital Outlay: 	-	27,000	126,000	-	-

	TOTAL EXOTIC PLANT REMOVAL DIVISION	338,909	372,712	478,687	359,839	308,171	
	
SHOP OPERATIONS DIVISION						
	Personnel						
1-18001	Regular Salaries	45,852	46,998	48,173	49,377	50,611	
1-18002	Overtime	5,792	5,937	6,085	6,237	6,393	
1-18003	FICA	3,951	4,050	4,151	4,254	4,361	
1-18004	Retirement Contributions	4,648	4,764	4,883	5,005	5,130	
1-18013	Uniforms	794	810	826	843	860	
1-18016	Annual PTO	1,018	1,038	1,059	1,080	1,102	

Forecast
FY 2020	FY 2021	FY 2022	FY 2023

1-18017

1-36001
1-36002
1-36003
1-36006

Shop Operating

Capital Outlay Shop

250

255

260

265

245

Cell Stipend

Total Shop Personnel:	64,006	65,587	67,207	68,867	70,569

Operations & Maintenance Svc Disposal Fees
Operating Supplies Machinery & Equipment

11,495
3,215
9,515
17,536

11,725	11,960	12,199	12,443
3,279	3,345	3,412	3,480
9,705	9,899	10,097	10,299
 	17,887 	18,245 	18,610 	18,982
Total Shop Operating: 	41,761	 	42,596 	43,449 	44,318 	45,204

1-36101 Equipment
1-36102 Building
1-36103 Other
31,000	-	-	-	-	
-	-	-	-	-	
-	-	-	-	-	

Total Shop Capital Outlay:	31,000	-	-	-	-

SHOP OPERATIONS DIVISION	136,767	108,183	110,656	113,185	115,773

Total Operating Expenses	3,022,245	3,104,735	3,375,041	3,246,697	3,292,223 NON-OPERATING INCOME AND EXPENSES
Other Expense

DEBT SERVICE EXPENSES
1-04013 Principal 2014 Bond Issue - sent to Trustee	270,000	280,000		290,000		300,000		300,000	
1-04013 Interest 2014 Bond issue - sent to Trustee	118,223	110,091		101,138		92,017		92,017	
TOTAL DEBT SERVICE:	388,223	390,091		391,138		392,017		392,017	

CAPITAL IMPROVEMENT									
Capital Improvement Program R&R	54,980	54,980	57,655	57,655	57,655	
Add R&R Funding / Grant Revenue	300,000	10,000	10,000	10,000	10,000	
Add SWD funds from City for DS commitment	11,777	9,909	8,862	7,983	7,983	
Land Sale Transfer to R&R Funding	-	-	-	-	-	
   
TOTAL OTHER CAPITAL EXPENSES R&R FUND: 	366,757	74,889 	76,517 	75,638 	75,638

Total Expenses

  $	3,777,225	$ 3,569,715

   $	3,842,696

  $	3,714,352

   $	3,759,878

Total Revenues	$	3,356,087	$ 3,356,108		   $	3,409,630		  $	3,409,654		   $	3,409,678	
									
Surplus/(Deficit)	(421,138)	(213,607)		(433,066)		(304,698)		(350,200)	

Available Operating Cash Balance (Ending)

  $	2,193,791	$ 1,980,184

$	1,547,118

$	1,242,420	$

892,220

Budget FY 2019

GENERAL FUND RENEWAL & REPLACEMENT FUND

Actual FY
 	2017	 	FY 2018		FY 2019 FY 2020 FY 2021 FY 2022	FY 2023 

Estimated Beginning Fund Balance	989,285	523,399	1,030,330	675,082	586,318	491,610	397,012

ADD REVENUES:

Grant Revenue	5,732
Interest Revenues	-	-	-	-	-	-
5% Recommended Annual Transfer + Additional Annual Transfer	56,147	54,044	54,980	54,980	54,980	57,655	57,655	
Additional funds from General Surplus Funds	-	1,067,000	300,000	10,000	10,000	10,000	10,000	
Excess Storm Water Fees - Bonds	 	10,633	8,583	11,777	11,501	8,862	7,983	7,983

TOTAL REVENUES AND FUNDS AVAILABLE	1,056,065	1,658,758	1,397,087	751,563	660,160	567,248	472,650

DEDUCT EXPENDITURES:
WM001	1-46001	Stormwater Emergency Renewal and Replacement	115,208	158,828	162,005	165,245	168,550	170,236	171,938
WM013	1-46003	Basin 4E & 5	102,737	-	-	
WM014	1-46004	Basin 2C Wetland Vertical Relocation & Storage	15,781	
WM017	1-46007	Street to Pond Repairs (POA)	-	-	-	-	-	-	
WM018	1-46008	Basin 2C 3B interconnect	-	-	-	-	-	-	
WM019	1-46009	Lake Harvey Improvements	298,940	-	-	-	-	-	
	1-46013	Lift Station #1 Relocation	-	400,000	-	-	-	-	-	
WM020	1-46014	6B Relocation Project	-	34,600	560,000	-	-	-	-	
WM021	1-46015	CCE Stormwater Improvement Projects	 	-		 	35,000	 	 	-	 	-	 	-		 	-	

TOTAL EXPENDITURES	532,666	628,428	722,005	165,245	168,550	170,236	171,938

FUND BALANCE, SEPTEMBER 30	 	523,399	1,030,330	675,082	586,318	491,610	397,012	300,712

REVENUE SOURCES

St Lucie West Services District receives approximately 99% of their operating Revenues for the General Fund from the special assessment they levy on property owners and the transfer of storm drainage fees from the City of Port St Lucie.

General Fund Revenues

Permit Fees
Revenue received by the District Engineer for the review of preconstruction approval plans and specifications for facilities that are to become  a part of the surface water management system owned and operated by the District.

Grant Revenue
Revenue received from Federal or State agencies for Grants. This revenue is circumstantial and must be applied for. In recent years the District has received Grant monies from such agencies such as FEMA which offered money for hurricane related expenses.

Miscellaneous Fees
This is a contingency line for any miscellaneous revenues received during the course of the year. This would include revenue received for the out-sourcing of the video ray system, vacon truck as well as the aquatic harvester.

Storm Water Drainage Fees
Revenue received from the City of Port St. Lucie for the assessment placed on property owners for the maintenance of the Storm Water Drainage system. Presently the District receives 75% of the total amount assessed on property owners of the District. District will receive additional funding from any increase that the City levies for additional funding. Currently at $163.00 per ERU.

Project Maintenance Fees
Revenue received from the Water & Sewer fund for the landscaping maintenance on the property owned by the Water & Sewer fund.

Interest Revenue
This account reflects all interest earnings in all non-restricted cash accounts that belong to the General Fund.

Special Assessments
Non-advalorem tax revenue received from the property owners of the District for the maintenance and operational costs of the District. The special assessment fee proposed rate is $106.00 per ERU.

Miscellaneous Income
This code is for revenue that does not qualify for any of the other revenue categories.

Storm Water Drainage Fees for Land Purchase Bond Payment
Revenue received from the City of Port St. Lucie for the assessment placed on property owners for the maintenance of the Storm Water Drainage system. Presently the District receives 75% of the total amount assessed on property owners of the District. District will receive additional funding $400,000 for land purchase bond payment.

OPERATING EXPENSE’S

Operating expenses include the cost for personnel, materials, maintenance, service and equipment required for the general operations for the St Lucie West Services District.

Board of Directors

Executive Salaries
Salaries paid to the Board of Directors for their public service. Salaries are paid on a $200 per board meeting, for a total maximum amount of
$4,800 per seat, per fiscal year. This expense is shared equally with the Water & Sewer fund.

FICA
This line includes the Districts portion of the social security and Medicare expense for Board Members of the District. The Federal rate for  these combined expenses is 7.65% of total salaries.

Board Meeting Expenses
This includes expenses directly relating to board meetings, including location charges and/or any other charges incurred.

District Manager

Assessment Program
Charges for the Assessment program including placing the assessment on the tax rolls.

Operations & Maintenance Services
Includes expenses for general maintenance contracts for services. Such services are provided for special studies and operating maintenance by outside contractors.

Management Contract
Charges directly relating to the District Manager’s service contract. The charge for FY 2019 is based on the salary difference of the Utility Director salary and the Contract for the District Manager which is shared between the Water & Sewer Fund 50% and the General Fund 50%.

Travel & Per Diem
Charges billed directly from the SDS, Inc. or the District Manager for travel expenses as allowed by the contract for District Business. All charges are billed in accordance with Section 112.061, Florida Statutes.

Finance

Dissemination Agent
This line includes charges for a dissemination agent who prepares reports regarding the compliance with bond issues. Budget assumes no increase from previous year’s expenses.

Arbitrage
This line includes charges relating to the annual arbitrage review relating to interest earned versus interest paid. Budget assumes a minor increase from previous year’s expenses.

Accounting Services
This includes the contracted services for Financial Services with SDS, Inc. The expense is shared with the Water & Sewer Fund.

Auditing
This includes expenses that are incurred from the District’s Annual Financial Audit as required by Florida Statutes. This amount is split between the Water & Sewer Fund and the General Fund, 56% and 44% respectively.

Banking Services
Charges for banking services such as bank service charges and trust account administration expenses.

Property & Casualty Insurance
This expense includes the annual insurance premium that provides protection for the Districts general liability, auto and property coverage. A minor increase is assumed for the FY2019 Budget year. Coverage is from October 1 through September 30 each year.

Property Taxes & Assessments
Charges from St. Lucie County for placing the special assessments on the tax roll. Charge is equal to 2% of the total assessments placed on the tax roll and for 15% of the City of PSL Stormwater Special Assessment section of the Interlocal Agreement.

Grant Management

Contractual Services
Contractual services provided by a Grant Coordinator if needed.

Clerk to the Board

Other Contractual Services
Contractual services provided by SDS, Inc for the Board Clerk and records service provided. This expense is shared with the Water & Sewer Fund.

Postage & Freight
This line item includes postages charges that are invoiced from the Board Clerks office. These charges include postage charges for sending out regular mail and vendor checks.

Printing & Binding
Charges for printing and binding agendas, packages, audit reports and budget materials as well as copy charges for the normal daily work flow.

Legal Ads
Charges for legal ads posted in the local newspapers for notices of Board meetings and Public Hearings.

General Counsel

Legal Services
Legal fees associated with the District’s Attorney. These fees include charges for regular legal business matters within the District.

Special Counsel

Legal Services
Legal fees associated with any labor matters the District may have. For the FY2019 budget this line item particularly refers to legal matters regarding labor issues.

Engineering Services

Engineering Services
Charges billed from the District Engineer office. These charges include Work Authorization preparation, Board meeting assistance as well as any other engineering expense relating to the General Fund activities.

Pollution Control

Regulatory & Permit Fees
The District is required to pay an annual fee for the regulatory permit for Pollution Control.

GENERAL FUND ADMINISTRATION DIVISION

Personnel Expenses

Regular Salaries
Includes the District’s administrative employee’s basic salaries. The total budget is estimated using a tabulation of all approved positions, applying the appropriate increases and allowing a factor for unfilled vacancies. We are proposing one new full time position and one part time CSR position as well as some reorganization for this FY. This year we are proposing to give a 2.5% increase to all employees based on the Bureau of Labor Statics CPI. This also reflects for license or certifications increases.

Overtime
This line includes overtime expenses.

FICA
This line includes the Districts portion of the social security and Medicare expense for Salaries of the District’s employees. The Federal rate for these combined expenses is 7.65% of total salaries.

Retirement Contributions
After one year of employment the District provides a 9.0% contribution into a SEP IRA for all full-time employees. This compensation is paid on a monthly basis.

Health, Life and Dental Insurance
This includes health, life and dental insurance benefits provided to all employees of the District.

Workers Compensation
The District provides workers compensation to any employee who is injured while at work. Under the provisions of the Florida Workers Compensation law, a no-fault insurance plan which is supervised by the State of Florida, the District pays for 100% of these benefits.

Unemployment Compensation
The District is required to reimburse the Unemployment Compensation Fund for any unemployment claims paid on behalf of the District.

Uniforms
The District provides an allotted amount of uniforms and/or safety equipment for all District employees each year depending on their position.

Training, Cont. Education & Licensing
The District provides the employee with training opportunities in order to upgrade or obtain additional certifications. These certifications include all office related education, Computer programming, HR classes, and Microsoft Technology

Vehicle Allowance
The District provides for a vehicle allowance for certain positions instead of providing a vehicle and associated costs.

Annual PTO
The District provides personal leave and allows a maximum cash-out each year, this code covers the maximum exposure for each FY.

Cell Phone Stipend
The District provides optional cell phone stipend to all employees, this code covers the maximum exposure for each FY.

Administration (Operating)

Other Contractual Services
Charges for miscellaneous expenses relating to the repairs of office equipment, Air/conditioning service, Computer support, pest control and Security alarm repairs ECT.

Website Maintenance
The District will be looking into upgrading the current website with increased function for the budget year.

Water – Irrigation
This covers the expense of using irrigation water on District owned common ground areas and the District Utility and Maintenance site, including the Administration Building.

Telephone & Cell Services
These charges include the landline telephone service that is used in the District office as well as cellular phone services. District Staff will continue to look at alternatives in the 2019 budget year to reduce costs of communications.

Postage & Freight
This line item includes postages charges for the District.

Electricity Services
Includes electricity charges for grounds and signs as well as a split for the administrative building owned by the District.

Equipment Leasing
The District has one copier that is leased.

Administrative Maintenance
These charges include weekly cleaning of the District’s buildings. This also includes extra services such as carpet cleaning and furniture upholstery.

Contingencies Hurricane
This account is allocated to fund any extraordinary expenses the District incurs relating to hurricane preparation and/or damages to District property for budget year 2019.

Office Supplies
Includes general supply charges for the operations of the Districts offices.

Fuel & Lubricants-Vehicles
Fuel purchased for all vehicles used in the General Fund. The FY2019 shows an increase of 5%.

Operating Supplies and Expenses
Supplies bought for products used by district employees such as soap, air fresheners, towels, etc. This would include any item not provided for by the Administrative Maintenance service provider.

Computer Software/Licensing
Charges for yearly software and/or licensing obligations for computer equipment and software used by the District.

Computer Hardware/Supplies
Charges that are expended for the purchase of new computer hardware and a new administration server.

Fuel & Lubricants-Equipment
Fuel purchased for all equipment used in the General Fund. Such equipment includes tractors, mowers, boats, and pumps. The FY-2019 Budget assumes a 5% increase.

Minor Construction Expenses
This includes miscellaneous repairs that are associated with the District Administration Building and Operations Center.

General Fund Administration Division – Capital Outlay

Equipment
This code is for equipment purchases such as vehicles and tractors over $1,000. No expenditures planned for this fiscal year.

Building
This code is for buildings or land purchases over $1,000. Move the new Administration Building into this fiscal year split with the UT Fund.

Other
This code is for any other Capital purchases over $1,000. No expenditures planned for this fiscal year

AQUATICS DIVISION

Aquatics Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Aquatics Division (Operating)

Operations & Maintenance Services
Includes expenses for general maintenance contracts for services. Such services are provided for special studies and operating maintenance by outside contractors.

Disposal Fees
Charges incurred for the disposal of certain aquatic plant material.

Operating Supplies
General supplies for the day-to-day operations of the District. Includes supplies for the shop, exotic plant removal, aquatics division, and the storm water division.

Vehicle Maintenance, Equipment Maintenance, and Miscellaneous Expenses
The above categories are the same as described in the Administration Budget.

Chemicals
This includes all chemicals used for aquatic weed control herbicides, algaecides, Sonar, and Strike for midge flies.

Machinery & Equipment
The District staff is requesting some new machinery that is not considered a capital expense according to the Districts capital expenditure threshold. This includes new sprayers and back pack sprayers for use in aquatic weed control.

General Fund Aquatics Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. Replace 2009 F-350 truck for $50,000 and replace a 2014 John Deere UTV for $12,000 in FY19. No other expenditures planned for this fiscal year.

STORM WATER MAINTENANCE DIVISION

Storm Water Maintenance Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Storm Water Maintenance Division (Operating)

Operations & Maintenance Services, Disposal Fees, Operating Supplies, Chemicals, and Machinery & Equipment
The above categories are the same as described in the Aquatics Division Budget.

Laboratory Services
This line item includes laboratory services for test related to the stormwater ponds.

Storm Ditch Maintenance
This line item includes heavy mechanical cleaning of ditches, Lake bank repairs, and major storm water pipe conveyance repairs.

Landscape Materials
This line item includes plant material for stormwater banks and preserves.

Vehicle Maintenance, Equipment Maintenance, Miscellaneous Expenses, and Electricity Services
The above categories are the same as described in the Administration Budget.

General Fund Storm Water Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. Plan to replace a 2015 Kawasaki Mule for $9,000, replace a 2009 Kubota Tractor for $35,000, replace a 2007 Woods mower for $16,000 and replace a 2016 Kawasaki Mule for $9,000 in 2019FY. No other expenditures planned for this fiscal year.

EXOTIC PLANT REMOVAL DIVISION

Exotic Plant Removal Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Exotic Plant Removal Division (Operating)

Operations & Maintenance Services, Disposal Fees, Operating Supplies, Chemicals, and Vehicle Maintenance,
The above categories are the same as described in the Stormwater Division Budget.

Maintenance Contract
New Line item for the contracting of an outside contractor to support District staff in the removal of exotic plant material from District owned Wetlands & Buffers. Will enhance the frequency of maintenance to the Wetlands Buffers throughout the District.

General Fund Exotic Plant Removal Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. No expenditures planned for this fiscal year.

SHOP OPERATION DIVISION

Shop Operational Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Shop Operations Division (Operating)

Operations & Maintenance Services, Disposal Fees, Operating Supplies, and Vehicle Maintenance
The above categories are the same as described in the Stormwater Division Budget.

General Fund Shop Operations Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. Proposed replacement of 2010 F-350 truck for $55,000 which is split with the UT Fund and replace a tire machine for $7,000.

General Fund Renewal & Replacement Fund
The line item is for Storm Water Renewal and Replacement Fund recommending 5% of the Maintenance Special Assessments Revenue for emergency repairs related to the storm water infrastructure and planned Capital Improvement Projects which were not captured in the Water Management Bond.

Emergency Stormwater Repairs: $ 162,005 6B Relocation Project:	$560,000

ST. LUCIE WEST SERVICES DISTRICT
WATER AND SEWER FUND BUDGET OVERVIEW

Budget Discussion

The budget is an annual process that involves the Board of Supervisors, District Manager and staff, operations and billing personnel, engineers, rate consultant and others. This process must first consider anticipated revenues we will receive from operations so as to determine the resources available to be budgeted. First claim on the resources will be the essential costs necessary for the proper operation and maintenance of the utility operations. The next priority must be to fund those areas necessary to satisfy the requirements of the revenue bonds issued to build and improve the water and sewer systems. Any remaining funds may then be utilized for the capital improvement program and remaining needs.

We have divided the budget into two parts: the operating budget, which includes the Debt Service Requirements and the capital improvement budget. The operating budget includes routine operating expenditures. The capital budget is for infrastructure improvements, system expansion to handle customer growth, renewal and replacements, service extensions and additions or extraordinary repairs.

Certain decisions, especially in the capital improvement program, made during the budget process have an impact that extends to multiple fiscal years and not only the year in which the Board approves the budget. In order to demonstrate this impact, we have developed five (5) year forecasts for both the operating and capital budgets.

We anticipate finishing FY 2018 with a deficit due in part to the new administration building expansion project. The Proposed Budget for FY 2019 reflects no Rate Increase. The Proposed Budget for FY 2019 anticipates a deficit due to several major R&R Projects.

Assumptions Used in Preparing the Budget

Inflation – The following inflationary rates are utilized; for the regular salaries line item the rate increased to 2.1% for FY 2019 and was based upon the change in the U.S. Bureau of Labor Statistics Consumer Price Index - All Urban Customers, U.S. City Average, Services, for most other line items, where applicable, a general inflationary rate of 2% is utilized. There are some exceptions such as health insurance 10% this year, and liability insurance 3.01% this year for which national projections call for continuing increases. Energy costs are expected to grow at an inflation rate of 1.86% as well.

Rate Adjustment – There is no rate adjustment planned for FY 2019 in this budget based on the current factors. The Rate Stabilization Fund balance is expected to exceed $530,000 for FY2019.

Operating Improvements
This budget includes a few small dollar cost improvements. We are continuing the funding of the water conservation effort with customers by providing rebate on items such as low flow toilets and low flow shower heads. This program will be funded at an annual amount of $9,000 and is designed to encourage water conservation.

We are also taking efforts to improve customer service and billing for the utility, an item in the District’s Strategic Plan. The District will continue to conduct training sessions for customer service.

Capital Improvement Program

The capital improvement program has several items for your review, a total cost in FY 2019 of
$2,964,544. In a continuation of a change started in FY 2006, we are proposing to continue to pay for the capital items directly rather than financing the purchase over a number of years. The typical interest rates charged for lease financing are significant, and therefore the District can save a significant amount by purchasing these items rather than leasing them. The Renewal and Replacement Fund Budget is $1,561,494; the Water Connection Fee Budget is $1,200,000; the Wastewater Connection Fee Budget is $0 and the Capital Outlay Budget is $203,050 for FY 2019.

Major capital projects contained in the capital budget for FY 2019 include the continuation of the Lift Station Renewal and Replacement project at $140,390, Emergency Renewal and Replacement Projects at $191,926, Lake Charles Irrigation Pump Station improvements at $500,000, main water line extension at $400,000 and meter replacement program at $396,653 (FY 2019). The Renewal and Replacement Fund also includes funding for emergency repairs to Association irrigation system. The Water Connection Fee Fund has one major project planned for FY2019 the water treatment plant clearwell/transfer pumps expansion project estimated at $800,000. The Wastewater Connection Fee Fund has no major projects planned for FY2019. The Capital Outlay Budget propose the replacement of several vehicles and start the construction on the new administration building all totaling for
$202,000 for the Utility Fund.

Water and Sewer Fund Budget Summary

ADD REVENUES:	 	FY 2017	
 	ACTUAL		 	FY 2018	 ORIGINAL BUDGET	 	FY 2018	
 	ESTIMATE		 	FY 2019	
   PROPOSED 	
Billed Water Revenues	3,083,455	3,062,953	3,062,953	3,066,269	
Billed Wastewater Revenues	3,582,871	3,529,874	3,529,874	3,538,974	
Billed Irrigation Revenue	1,784,330	1,801,615	1,801,615	1,801,615	
Wholesale Water & Wastewater	560,789	558,183	558,183	558,328	
AFPI Revenue	12,842	2,484	3,092	2,484	
Other Operating Revenue	 	114,222	 	81,738	 	82,768	 	81,921	
TOTAL OPERATING REVENUES	9,138,509	9,036,847	9,038,485	9,049,591	
NON-OPERATING INCOME AND EXPENSES					
Transfer from WCF to Pay Debt	-	-	-	-

TOTAL NON-OPERATING REVENUES	-	-	-	-

FUND BALANCE, October 1	6,494,475	6,990,618	6,990,618	5,554,564	
TOTAL REVENUES AND FUNDS AVAILABLE	15,632,984	16,027,465	16,029,103	14,604,155	

DEDUCT EXPENDITURES:
Board of Supervisors	

11,376	

15,546	

15,546	

15,604	
District Manager	15,988	17,449	17,449	33,906	
Finance	95,431	296,874	296,874	306,768	
Property Control	5,564	8,253	8,253	9,512	
Utility Rate Consultant	14,488	15,172	15,172	15,506	
Clerk to the Board	13,212	17,883	17,883	18,277	
Legal Services	22,353	51,736	51,736	52,680	
Engineering Services	59,003	50,773	50,773	51,788	
Administration Division	1,318,136	2,155,790	2,555,988	1,628,805	
Water Treatment Plant Division	1,026,154	1,069,445	1,067,464	1,108,615	
Wastewater Treatment Plant Division	781,656	975,588	973,940	974,927	
Underground Utilities Division	1,212,091	1,270,984	1,270,598	1,251,775	
Irrigation Division	288,131	334,664	333,198	349,993	
Debt Service Payments	2,524,782	2,523,091	2,670,879	2,708,655	
Rate Stabilization Fund Transfer Out			-			-			-			- Capital improvement Projects			-			-			-			- Renewal & Replacement Transfers	 	1,254,000	 	1,128,786	 	1,128,786	 	1,240,989

TOTAL EXPENDITURES	8,642,365	9,932,034	10,474,539	9,767,800

FUND BALANCE, SEPTEMBER 30	 	6,990,619	 	6,095,431	 	5,554,564	 	4,836,355

AFPI Revenue $2,484.00 0.03%

Other Operating Revenue
$81,921.00 0.91%

Wholesale Water & Wastewater $558,328.00 6.17%

Billed Water Revenues
$3,066,269.00 33.88%

Billed Irrigation Revenue
$1,801,615.00 19.91%

Billed Wastewater Revenues $3,538,974.00 39.11%

TOTAL REVENUES	$	9,049,591		

 	TOTALS		
PERCENT
 	REVENUES		
Billed Water Revenues	$ 3,066,269.00	33.883%	
Billed Wastewater Revenues	$ 3,538,974.00	39.106%	
Billed Irrigation Revenue	$ 1,801,615.00	19.908%	
Wholesale Water & Wastewater	$	558,328.00	6.170%	
AFPI Revenue	$	2,484.00	0.027%	
Other Operating Revenue	  $	81,921.00	 	0.905%	
TOTAL REVENUE	$	9,049,591	100.00%	

W&S PRIOR YEARS FUND BALANCE	
$	5,554,564		

Board of Supervisors 0.16%

District Manager 0.35%

R & R Transfers 12.70%

Finance 3.14%

Property Control 0.10%
Utility Rate Consultant 0.16%

Clerk to the Board 0.19%

Legal Services 0.54%

Rate Stabilization Fund 0.90%

 	 Engineering Services
0.53%

Debt Service Payments 28%

Administration Division 16.68%

Irrigation Division 3.58%

Water Treatment Plant Division 11.35%

Underground Utilities Division 12.82%

Wastewater Treatment Plant Division

9.98%

TOTAL EXPENDITURES	$	9,767,800

PERCENT
CAPITAL
PERSONNEL OPERATING	OUTLAY 	TOTALS		EXPENDITURES

Board of Supervisors	12,918	2,686		$	15,604	0.160%	
District Manager	32,000	1,906		$	33,906	0.347%	
Finance		306,768		$	306,768	3.141%	
Property Control		9,512		$	9,512	0.097%	
Utility Rate Consultant		15,506		$	15,506	0.159%	
Clerk to the Board		18,277		$	18,277	0.187%	
Legal Services		52,680		$	52,680	0.539%	
Engineering Services		51,788		$	51,788	0.530%	
Administration Division	1,093,005	504,800	31,000	$	1,628,805	16.675%	
Water Treatment Plant Division	394,430	690,185	24,000	$	1,108,615	11.350%	
Wastewater Treatment Plant Division	394,300	556,627	24,000	$	974,927	9.981%	
Underground Utilities Division	647,832	491,893	112,050	$	1,251,775	12.815%	
Irrigation Division	64,127	273,866	12,000	$	349,993	3.583%	
Debt Service Payments				2,708,655	27.730%	
Rate Stabilization Fund Transfer				-	0.000%	
R & R Transfers	 	1,240,989	 	12.705%

TOTAL EXPENDITURES

$ 2,638,612

$ 2,976,494

$  203,050	$

9,767,800

100.00%

Budget FY 2019

Final Amended Budget
FY 2018

Orig. Budget FY 2018

Estimate EOY FY 2018

Actual YTD FY 2018

Actual FY 2017

4	5	677,164
Water & Sewer Fund Balance (Beginning)	6,494,475	6,990,618	6,990,618	6,990,618	6,990,618	5,554,564
Rate Stabilization Fund Balance (Beginning)	531,020	531,020	531,020	531,020 OPERATING REVENUE

5-04006	Grants
Billed Water Revenue Consumption	
3,083,455	
1,010,094	-
3,030,282	-
3,062,953	-
3,062,953	-
3,066,269	
5-04106	Billed Water Revenue Base							
5-04007	Billed Wastewater Revenue Consumption	3,582,871	1,176,386	3,529,158	3,529,874	3,529,874	3,538,974	
5-04107	Billed Wastewater Revenue Base							
5-04009	Billed Irrigation Revenue Consumption	1,784,330	595,777	1,787,331	1,801,615	1,801,615	1,801,615	
5-04109	Billed Irrigation Revenue Base							
5-04010	Late Fees	72,843	32,981	79,154	38,000	38,000	38,000	
5-04012	Miscellaneous Fees	26,616	2,708	6,499	5,000	5,000	5,000	
5-04014	Wholesale Water Revenue	269,074	65,178	260,712	265,777	265,777	265,844	
5-04018	Meter Set Fees	3,200	4,580	13,740	3,550	4,580	3,550	
5-04021	Wholesale Wastewater Revenue	291,715	77,472	309,888	292,406	292,406	292,484	
5-04022	Interest (Operating)	11,562	4,800	11,520	5,388	5,388	5,571	
	Rate Stabilization Fund	-		-	-	-	-	
5-04047	Backflow Prevention Program	-	25,000	25,000	25,000	25,000	
5-04046	Tanker Truck Water Service	-	-	4,800	4,800	4,800	
5-04033	Water Impact (AFPI)	6,938	1,642	4,926	1,359	1,642	1,359	
5-04035	Wastewater Impact (AFPI)	5,904	 	1,450	 	4,350	 	1,125	 	1,450	1,125	
 	Total Revenues	$	9,138,508	$ 2,973,068	  $	9,062,560	   $ 9,036,847	   $	9,038,485	$ 9,049,591	
	OPERATING EXPENSES
Board of Supervisors						
5-05001	Executive Salaries	9,800	5,600	13,440	12,000	12,000	12,000	
5-05002	FICA	801	462	1,109	918	918	918	
5-05004	   Board Meeting Expenses	776	 	216	 	518	 	2,628	 	2,628	2,686	
	 	TOTAL BOARD OF SUPERVISORS	11,376	 	6,278	 	15,067	 	15,546	 	15,546	15,604	
	District Manager						
5-06002	Management Contract	15,204		-	15,584	15,584	32,000	
5-06003	   Travel & Per Diem	784	 	252	 	605	 	1,865	 	1,865	1,906	
	 	TOTAL DISTRICT MANAGER	15,988	 	252	 	605	 	17,449	 	17,449	33,906	
	
Finance						
5-07001	Dissemination Agent	-		-	2,191	2,191	2,239	
5-07002	Arbitrage	-		-	2,400	2,400	2,400	
5-07003	Accounting Services	41,546	13,286	31,886	50,758	50,758	51,875	
5-07004	Auditing	14,150		-	18,613	18,613	19,022	
5-07006	Banking Services	15,264	11,533	27,679	25,912	25,912	26,482	
5-07007	Property & Casualty Insurance	24,335	152,428	155,000	155,000	155,000	162,750	
5-07009	   Bad Debt	136	 	678	 		 	42,000	 	42,000	42,000	
	 	TOTAL FINANCE	95,431	 	177,925	 	214,565	 	296,874	 	296,874	306,768	
	Property Control						
5-09001	Building & Land Rental	1,807	1,085	1,847	1,847	1,847	1,888	
5-09003	Computer Software/Licensing	2,572	200	480	3,350	3,350	3,424	
5-09004	Computer Hardware/Supplies	1,185		-	3,056	3,056	4,200	

Budget FY 2019

Final Amended Budget
FY 2018

Orig. Budget FY 2018

Estimate EOY FY 2018

Actual YTD FY 2018

Actual FY 2017

4	 	5		677,164
TOTAL PROPERTY CONTROL	5,564

Utility Rate Consultant
5-11001	Other Contractual Services	14,488
TOTAL RATE CONSULTANT	14,488

Clerk to the Board
5-13002	Other Contractual Services	9,760
5-13004	Postage & Freight	1,038
5-13005	Printing & Binding	1,894
5-13006	Legal Ads	520
 	TOTAL CLERK TO THE BOARD	13,212

Legal Services
5-19001	General Counsel	21,148
5-23001	Special Counsel	1,205
 	TOTAL LEGAL COUNSEL	22,353

Engineering Services
5-26002	Engineering Services	59,003
 	TOTAL ENGINEERING	59,003

ADMINISTRATION DIVISION
Personnel
5-14001	Regular Salaries	376,479
5-14003	Overtime	7,420
5-14004	FICA	30,177
5-14005	Retirement Contributions	37,046
5-14006	Health/Life/Dental Insurance	433,753
5-14007	Workers Comp	29,475
5-14008	Unemployment Compensation	-
5-14010	Uniforms	1,860
5-14012	Training & Education Costs	1,522
5-14013	Vehicle Allowance	6,900
5-14014	Annual PTO	89
5-14015	Cell Stipend	 	360
Total Administration Personnel: 	925,079
ADMIN Operating	 	1,285

 	357
 	357

3,322
338
552
 	426
 	4,638

6,489
 	375
 	6,864

 	6,370
 	6,370

193,839
3,343
14,609
17,309
139,133
7,463

2,209
363
3,600
4,118
 	270
 	386,256	 	2,327	8,253	8,253

 	15,172	15,172
 	-	15,172	15,172

7,973	10,402	10,402
811	1,484	1,484
1,325	3,266	3,266
 	1,022	 	2,731	 	2,731
 	11,131	 	17,883	 	17,883

15,574	42,969	42,969
 	900	 	8,767	 	8,767
 	16,474	 	51,736	 	51,736

 	15,288	 	50,773	 	50,773
 	15,288	 	50,773	 	50,773

465,214	451,410	445,410
8,023	8,808	8,808
35,062	37,786	37,327
41,542	42,822	42,282
151,781	431,070	431,070
7,463	34,272	34,272
-	5,083	5,083
3,480	3,480	3,480
871	6,196	8,196
8,640	7,200	7,200
8,720	8,720	8,720
 	648	2,214	2,214
 	731,444	1,039,061	1,034,062	9,512

15,506
15,506

10,631
1,517
3,338
2,791
18,277

43,913
8,767
52,680

51,788
 	51,788

443,200
9,028
38,515
43,581
486,787
37,699
5,210
3,557
6,196
7,200
9,769
2,263
1,093,005	
5-29001	Other Contractual Services	132,368	74,812	179,549	169,796	169,796	158,642	
5-29002	Website Maintenance	3,485	1,527	3,665	3,471	3,471	3,540	
5-29003	Operating Supplies	5,940	982	2,357	9,868	9,868	10,065	
5-29004	Storm Water Fees	26,340	8,471	-	65,636	65,636	80,636	
5-29005	Telephone & Cell Service	11,186	6,110	14,664	17,760	17,760	18,115	
5-29006	Postage & Freight	35,853	13,578	32,587	40,886	40,886	41,704	
5-29007	Equipment Leasing	2,094	502	1,205	3,176	3,176	3,240	
5-29008	Administrative Maintenance	3,698	864	2,074	2,997	2,997	3,057	
5-29011	Contingencies - Hurricane	-		-	-	-	-	

Office Supplies	3,798
Fuel & Lubricants - Vehicle	43,270
Fuel & Lubricants - Equipment	12,643
Minor Construction Expenses	272
Project Maintenance Fees	-
Contingency (1.5%)	-
Electricity Services	2,207
Total Administration Operating:	283,154 Capital Outlay Administration
Equipment	67,750
Building	42,153
Other	-
Total Administration Capital Outlay:	109,903

 	TOTAL ADMINISTRATION	1,318,136 WATER TREATMENT PLANT DIVISION
Personnel
Regular Salaries	258,626
Overtime	39,871
FICA	23,213
Retirement Contributions	24,751
Uniforms	1,161
Training & Education Costs	1,473
Annual PTO	536
Cell Stipend	 	280
Total WTP Personnel: 	349,910
WTP Operating
Other Contractual Services	87,903
Operations & Maintenance Services	1,880
Laboratory Services	24,352
Operating Supplies	8,243
Electricity Services	190,167
Plant Maintenance	72,331
Chemicals	267,618
Water Conservation Grant Program			8,945 Backflow Prevention Program		 	14,805 Total WTP Operating: 	676,244
Capital Outlay WTP
Equipment	-
Building	-
Other	-	1,992	
	14,408	
	3,130	
	1,154	
	
636	
	128,166	
	
-	
	-	
	 	514,422	
	
122,411	
	15,115	
	10,894	
	9,697	
	893	
	291	
	2,940	
	 	240	
	 	162,481	
	20,304	
	844	
	7,987	
	489	
	62,166	
	33,889	
	113,920	
	3,290	
	 		
	 	242,889	
	
-	
	-	
Total WTP Capital Outlay:	-	-	
			
TOTAL WATER TREATMENT PLANT DIVISION	1,026,154	405,370	

WASTEWATER TREATMENT PLANT DIVISION		

5-29012
5-29013
5-29014
5-29015
5-29016
5-29017
5-29018

5-29101
5-29102
5-29103

5-15001
5-15002
5-15003
5-15004
5-15008
5-15010
5-15011
5-15012

5-30001
5-30002
5-30003
5-30004
5-30005
5-30007
5-30009
5-30010
5-30011

5-30101
5-30102
5-30103

4	5	677,164

4,364
60,209
13,246
1,460
6,819
82,982
16,721
504,800

Budget FY 2019

Final Amended Budget
FY 2018

Orig. Budget FY 2018

Estimate EOY FY 2018

Actual YTD FY 2018

Actual FY 2017

4,781	4,321	4,321
34,579	54,735	54,735
7,512	12,042	12,042
2,770	931	1,431
-	6,685	6,685
-	80,559	80,559
 	1,526	11,050	11,050
 	287,269	483,913	484,413

31,000
-
-

-	-
632,816	1,037,513
 	-	-	
 	-	632,816	1,037,513	 	31,000

 	1,018,713	 	2,155,790	 	2,555,988	 	1,628,805

293,786	283,679	283,679	289,353
36,276	36,643	36,643	37,559
26,146	25,022	25,022	25,537
23,273	28,829	28,829	29,422
1,878	1,878	1,878	1,919
698	3,730	3,730	3,730
5,441	5,441	5,441	5,561
 	576	1,320	1,320	1,349
 	388,074	386,542	386,542	 	394,430

48,730	79,386	79,386	80,974
2,026	2,822	2,822	2,878
19,169	24,670	24,670	25,163
1,174	11,020	11,020	11,240
149,198	198,054	196,073	196,073
81,334	82,264	82,264	84,156
273,408	250,687	250,687	255,701
7,896	9,000	9,000	9,000
 	-	 	25,000	 	25,000	25,000
 	582,935	 	682,903	 	680,922	 	690,185

24,000
-
-

-	-	-
-	-	-
 	-	-	-
 	-	-	-	 	24,000

 	971,009	 	1,069,445	1,067,464	 	1,108,615

-	-

Budget FY 2019

Final Amended Budget
FY 2018

Orig. Budget FY 2018

Estimate EOY FY 2018

Actual YTD FY 2018

Actual FY 2017

4	5	677,164

Personnel
Regular Salaries	250,645
Overtime	37,737
FICA	22,183
Retirement Contributions	26,174
Uniforms	2,032
Training & Education Costs	1,607
Annual PTO	356
Cell Stipend	 	205
Total WWTP Personnel: 	340,938
WWTP Operating	-
Other Contractual Services	23,773
Operations & Maintenance Services	6,670
Laboratory Services	24,909
Operating Supplies	19,493
Sludge Disposal	78,705
Electricity Services	143,812
Plant Maintenance	52,220
Chemicals	 	91,135
Total WWTP Operating: 	440,718
Capital Outlay WWTP
Equipment	-
Building	-
Other	-	
129,894	
	17,851	
	11,516	
	12,256	
	1,352	
	500	
	2,768	
	 	165	
	 	176,302	
	13,253	
	2,845	
	8,447	
	5,441	
	32,144	
	48,929	
	13,542	
	 	34,775	
	 	159,376	
	
9,288	
	-	
Total WWTP Capital Outlay:	-	9,288	
TOTAL WASTEWATER TREATMENT PLANT DIVISION	781,656	344,966	
UNDERGROUND UTILITIES DIVISION
Personnel
Regular Salaries	424,910
Overtime	60,595
FICA	37,139
Retirement Contributions	41,142
Uniforms	4,146
Training & Education Costs	1,906
Annual PTO	372
Cell Stipend	 	1,000
Total UGU Personnel: 	571,211
UGU Operating	-
Other Contractual Services	181,096
Operations & Maintenance Services	94,033
Operating Supplies	68,834
Electricity Services	39,197
Vehicle Maintenance	20,766
Lift Station Maintenance	10,909
Miscellaneous Expenses/Move to Op. Sup	 	-	
Total UGU Operating: 	414,835	

202,659	
	28,239	
	17,782	
	20,404	
	2,403	
	747	
	2,012	
	 	743	
	 	274,989	
	140,628	
	49,905	
	36,712	
	13,674	
	6,249	
	7,663	
	 		
	254,831	

5-16001
5-16002
5-16003
5-16004
5-16008
5-16010
5-16011
5-16012

5-31001
5-31002
5-31003
5-31004
5-31005
5-31006
5-31008
5-31010

5-31101
5-31102
5-31103

5-17001
5-17002
5-17003
5-17004
5-17008
5-17010
5-17011
5-17012

5-32001
5-32002
5-32003
5-32004
5-32005
5-32006
5-32007

311,746	276,625	276,625	282,158
42,842	44,164	44,164	45,268
27,638	25,030	25,030	25,472
29,414	28,871	28,871	29,468
2,234	2,234	2,234	2,283
1,200	4,107	4,107	4,107
5,083	5,083	5,083	4,195
 	396	1,320	1,320	1,349
 	420,553	387,434	387,434	 	394,300
-
31,807	54,998	54,998	56,098
6,828	12,057	12,057	12,298
20,273	30,582	30,582	31,194
13,058	18,228	18,228	18,593
77,146	107,830	107,830	109,987
117,430	164,804	163,156	163,156
32,501	47,630	47,630	48,725
 	83,460	 	111,025	 	111,025	116,576
 	382,503	 	547,154	 	545,506	 	556,627

24,000
-
-

-	-
41,000	41,000	41,000
 	-	-	-	
 	41,000	41,000	41,000	 	24,000

 	844,056	 	975,588	973,940	 	974,927

486,382	455,831	455,831	466,948
67,774	68,434	68,434	70,145
42,677	40,901	40,901	41,900
48,970	47,184	47,184	48,338
5,767	6,726	6,726	6,874
1,793	3,013	3,013	3,013
4,829	7,265	7,265	7,425
 	1,783	3,120	3,120	3,189
 	659,975	632,474	632,474	 	647,832
-
337,507	198,336	198,336	202,303
119,772	98,115	98,115	100,077
88,109	103,130	103,130	105,193
32,818	38,600	38,214	38,214
14,998	20,317	20,317	20,723
18,391	24,812	24,812	25,383
 	-	 	-	 	-		-
 	611,595	 	483,310	 	482,924	 	491,893

Capital Outlay UGU
5-32101	Equipment	226,045
5-32102	Building	-
5-32104	New Meters	-
5-32103	Other	-
Total UGU Capital Outlay:		226,045 TOTAL UNDERGROUND UTILITIES DIVISION	1,212,091
IRRIGATION DIVISION
Personnel
5-18001	Regular Salaries	37,648
5-18002	Overtime	7,266
5-18003	FICA	3,262
5-18004	Retirement Contributions	4,069
5-18008	Uniforms	362
5-18009	Training & Education Costs	202
5-18010	Annual PTO	-
5-18011	Cell Stipend	 	-	
Total IRR Personnel: 	52,810
IRR Operating	-
5-33001	Other Contractual Services	28,270
5-33002	Operations & Maintenance Services	34,658
5-33003	Laboratory Services	85
5-33004	Operating Supplies	2,903
5-33005	Electricity Services	135,105
5-33008	Maintenance - Irrigation	17,395
5-33010	Chemicals	 	16,905
Total IRR Operating: 	235,321
Capital Outlay IRR
5-33101	Equipment	-
5-33102	Building	-
5-33103	Other	-
Total IRR Capital Outlay:	-

TOTAL IRRIGATION DIVISION	288,131
Total Operating Expenses	 	4,863,583 NON-OPERATING INCOME AND EXPENSES
Other Income
Transfer from Water Connection Fees to Pay Debt	-	
60,723	
	16,105	
	
76,828	
	606,648	
	
18,243	
	3,651	
	1,593	
	1,970	
	194	

	 	25,651	
	9,954	
	4,684	
	2,136	
	45,454	
	7,320	
	 	3,614	
	 	73,162	
	
-	
	-	
	-	
	98,813	
	 	2,174,188	
	
-	
5-34001	TOTAL NON-OPERATING INCOME	-	-	

5-27011
5-27013
5-27012	
DEBT SERVICE EXPENSES
Cost of Issuance
Principal 2014 Bond Issue Refi of 2004 Interest 2014 Bond Issue Refi of 2004	

- 160,000
414,428		

Budget FY 2019

Final Amended Budget
FY 2018

Orig. Budget FY 2018

Estimate EOY FY 2018

Actual YTD FY 2018

Actual FY 2017

4	5	677,164

84,150	84,150	84,150	111,000
70,000	70,000	70,000	-
1,050	1,050	1,050	1,050
 	-	-	-		-
 	155,200	155,200	155,200	 	112,050
 	1,426,770	 	1,270,984	1,270,598	 	1,251,775

43,783	41,670	41,670	42,712	
8,762	9,766	9,766	10,010	
3,823	4,010	4,010	4,110	
4,728	4,629	4,629	4,745	
466	733	733	749	
-	795	795	795	
-
 	-		745
240		745
240	761
245	
 	61,562	62,588	62,588	 	64,127
-	
23,890	34,818	34,818	35,514	
11,242	36,330	36,330	37,057	
-	679	679	693	
5,126	7,106	7,106	7,248	
109,090	146,635	145,169	145,169	
17,568	24,014	24,014	24,566	
 	8,674	 	22,494	 	22,494	23,619	
 	175,590	 	272,076	 	270,610	 	273,866	

-	-	-	12,000
-	-	-	-
 	-	-	-		-
 	-	-	-	 	12,000

 	237,152	 	334,664	333,198	 	349,993

 	4,773,157	6,280,157	 	6,674,874	 	5,818,156

 	-	-	 	-		-	
 	-	-	 	-	 	-	

-
170,000	170,000	170,000	170,000	
408,472	408,472	455,995	464,747	

Budget FY 2019

Final Amended Budget
FY 2018

Orig. Budget FY 2018

Estimate EOY FY 2018

Actual YTD FY 2018

Actual FY 2017

4	5	677,164
5-27008	Principal 2011 Bond Issue	1,045,000		1,070,000	1,070,000	1,070,000	1,105,000	
5-27007	Interest 2011 Bond issue	546,630		516,848	516,848	599,816	590,450	
5-27010	Principal 2013 Bond Issue	245,000		250,000	250,000	250,000	255,000	
5-27009	Interest 2013 Bond issue	 	113,724	 		 	107,771	 	107,771	 	125,068	123,458	
		TOTAL DEBT SERVICE: 	2,524,782	 	-	 	2,523,091	 	2,523,091	 	2,670,879	 	2,708,655	
RATE STABILIZATION							
Transfer Out to Rate Stabilization Fund	 	-		 	-	 		 	-	 	-		-	
TOTAL RATE STABILIZATION SERVICE:	 	-	 	-	 	-	 	-	 	-	 	-	

CAPITAL IMPROVEMENT & TRANSFERS
Capital Improvement Program - WWTP Expansion	-
5-28127	Required R&R Transfer to Capital (5%)	454,000 Additional R&R Transfer for CIP's	800,000
Cash Carry Forward for R&R CIP	 	-	

-	-

-
-
-
-

- 478,786
650,000
-

478,786	478,786	465,989
650,000	650,000	775,000
 	-	-		-

TOTAL CI & TRANSFERS EXPENSES: 	1,254,000	 	-	1,128,786	 	1,128,786	1,128,786	 	1,240,989

Total Expenses

  $	8,642,365	$  2,174,188	$	8,425,034	$ 9,932,034

   $	10,474,539

   $ 9,767,800

 	 	 	

Total Revenues

$	9,138,508

   $	9,062,560	$ 9,036,847

   $	9,038,485

$ 2,973,068

$ 9,049,591

Surplus/(Deficit) Before Transfer from
(to) Operating Reserve	496,143	798,880	637,526	(895,187)	(1,436,054)		(718,209)

Available Operating Cash Balance (Ending)

  $	6,990,618	$  7,789,498	$	7,628,144	$ 6,095,431

$	5,554,564

$ 4,836,355

*Coverage Provided (Required > 1.10)	1.82	1.77	1.42	1.35	1.27	
**Coverage w/R&R deducted (Required > 1.00)	1.55	1.49	1.19	1.14	1.08	
Index Rate Increase (included in revenues)	 	0.00%	 	0.00%	 	0.00%	 	0.00%	 	0.00%	 	0.00%	
Total Effective Rate Increase	 	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	

Executive Salaries
FICA	12,000
918
2,686	
Board Meeting Expenses		
TOTAL BOARD OF SUPERVISORS	15,604	

Budget FY 2019

FY 2020

FY 2023

FY 2022

FY 2021

Forecast

	Water & Sewer Fund Balance (Beginning)	5,554,564	4,836,355	4,677,494	4,593,548	4,449,657	
	Rate Stabilization Fund Balance (Beginning)	531,020	531,020	531,020	531,020	531,020	
	OPERATING REVENUE						
	Grants	-	-	-	-	-	
5-04006	Billed Water Revenue Consumption	3,066,269	3,069,584	3,129,241	3,195,271	3,259,176	
5-04106	Billed Water Revenue Base	-	-	-	-	-	
5-04007	Billed Wastewater Revenue Consumption	3,538,974	3,544,670	3,615,457	3,693,684	3,767,558	
5-04107	Billed Wastewater Revenue Base	-	-	-	-	-	
5-04009	Billed Irrigation Revenue Consumption	1,801,615	1,801,615	1,834,645	1,871,338	1,908,765	
5-04109	Billed Irrigation Revenue Base	-	-	-	-	-	
5-04010	Late Fees	38,000	38,000	38,000	38,000	38,000	
5-04012	Miscellaneous Fees	5,000	5,000	5,000	5,000	5,000	
5-04014	Wholesale Water Revenue	265,844	265,912	270,787	276,273	281,798	
5-04018	Meter Set Fees	3,550	3,550	4,040	4,040	4,040	
5-04021	Wholesale Wastewater Revenue	292,484	292,563	297,926	303,967	310,046	
5-04022	Interest (Operating)	5,571	5,571	5,571	5,571	5,571	
	Rate Stabilization Fund	-	-	-	-	-	
	Backflow Prevention Program	25,000	25,000	25,000	25,000	25,000	
5-04046	Tanker Truck Water Service	4,800	4,800	4,800	4,800	4,800	
5-04033	Water Impact (AFPI)	1,359	1,359	1,359	1,359	1,359	
5-04035	Wastewater Impact (AFPI)	1,125	 	1,125	 	1,125	 	1,125	 	1,125	
	Total Revenues	$ 9,049,591	   $	9,058,749	   $	9,232,951	   $	9,425,428	  $	9,612,238	
	
OPERATING EXPENSES						
	 Board of Supervisors						
5-05001			12,000	12,000	12,000	12,000	
5-05002			918	918	918	918	
5-05004			 	2,745	2,805	2,867	2,930
 	15,663	15,723	15,785	15,848	
	
District Manager						
5-06002	Management Contract	32,000	43,312	44,265	45,239	46,234	
5-06003	Travel & Per Diem	1,906	 	1,948	 	1,991	 	2,035	 	2,080	
	TOTAL DISTRICT MANAGER	33,906	 	45,260	 	46,256	 	47,274	 	48,314	
	
Finance						
5-07001	Dissemination Agent	2,239	2,288	2,338	2,389	2,442	
5-07002	Arbitrage	2,400	2,400	2,400	2,400	2,400	
5-07003	Accounting Services	51,875	53,016	54,182	55,374	56,592	
5-07004	Auditing	19,022	19,440	19,868	20,305	20,752	
5-07006	Banking Services	26,482	27,065	27,660	28,269	28,891	
5-07007	Property & Casualty Insurance	162,750	204,888	181,132	190,189	235,698	
5-07009	Bad Debt	42,000	 	42,100	 	42,900	 	43,800	 	44,700	
	TOTAL FINANCE	306,768	 	351,197	 	330,480	 	342,726	 	391,475	
	
Property Control						
5-09001	Building & Land Rental	1,888	1,930	1,972	2,015	2,059	
5-09002	Vehicle Leasing	-	-	-	-	-	
5-09003	Computer Software/Licensing	3,424	3,499	3,576	3,655	3,735	
5-09004	Computer Hardware/Supplies	4,200	 	3,192		3,262	3,334	3,407	
	TOTAL PROPERTY CONTROL	9,512	 	8,621		8,810	9,004	9,201	

Utility Rate Consultant

Forecast

5-11001

Other Contractual Services	Budget
FY 2019	
	15,506	
TOTAL RATE CONSULTANT	15,506	

Other Contractual Services	10,631	
Postage & Freight	1,517	
Printing & Binding	3,338	
Legal Ads	2,791	
TOTAL CLERK TO THE BOARD	18,277	

General Counsel
Special Counsel	43,913
8,767	
TOTAL LEGAL COUNSEL	52,680	

Clerk to the Board

FY 2020

FY 2023

FY 2022

FY 2021

 	15,847	16,196	16,552	16,916
 	15,847	16,196	16,552	16,916

5-13002		10,865	11,104	11,348	11,598	
5-13004		1,550	1,584	1,619	1,655	
5-13005		3,411	3,486	3,563	3,641	
5-13006		 	2,852	 	2,915	 	2,979	 	3,045	
		 	18,678	 	19,089	 	19,509	 	19,939	
	
Legal Services					
5-19001		44,879	45,866	46,875	47,906	
5-23001		 	8,767	 	8,767	 	8,767	 	8,767	
		 	53,646	 	54,633	 	55,642	 	56,673	
	
Engineering Services					
5-26002		 	52,824	 	53,880	 	54,958	 	56,057	
	 	TOTAL ENGINEERING	51,788	 	52,824	 	53,880	 	54,958	 	56,057	

Engineering Services	51,788	

	ADMINISTRATION DIVISION		
	Personnel		
5-14001	Regular Salaries	443,200	423,280	433,862	444,709	455,827	
5-14003	Overtime	9,028	9,254	9,485	9,722	9,965	
5-14004	FICA	38,515	38,169	39,090	40,034	41,000	
5-14005	Retirement Contributions	43,581	42,826	43,885	44,970	46,082	
5-14006	Health/Life/Dental Insurance	486,787	528,262	565,240	604,807	647,143	
5-14007	Workers Comp	37,699	40,338	43,162	46,183	49,416	
5-14008	Unemployment Compensation	5,210	5,340	5,474	5,611	5,751	
5-14010	Uniforms	3,557	3,635	3,715	3,797	3,881	
5-14012	   Training & Education Costs		6,196	6,196	6,196	6,196	6,196	
5-14014	Annual PTO	9,769	9,984	10,204	10,428	10,657	
5-14015	Cell Stipend		2,263	 	2,313	2,364	2,416	2,469	
		Total Administration Personnel:	1,093,005	 	1,120,397	1,173,477	1,229,673	1,289,187	
	ADMIN Operating						
5-29001	Other Contractual Services	158,642	161,815	165,051	168,352	171,719	
5-29002	Website Maintenance	3,540	3,611	3,683	3,757	3,832	
5-29003	Operating Supplies	10,065	10,266	10,471	10,680	10,894	
5-29004	Storm Water Fees	80,636	80,636	80,636	80,636	80,636	
5-29005	Telephone & Cell Service	18,115	18,477	18,847	19,224	19,608	
5-29006	Postage & Freight	41,704	42,538	43,389	44,257	45,142	
5-29007	Equipment Leasing	3,240	3,305	3,371	3,438	3,507	
5-29008	   Administrative Maintenance		3,057	3,118	3,180	3,244	3,309	
5-29011	Contingencies - Hurricane	-	-	-	-	-	
5-29012	Office Supplies	4,364	4,408	4,452	4,497	4,542	
5-29013	Fuel & Lubricants - Vehicle	60,209	66,230	72,853	80,138	88,152	
5-29014	Fuel & Lubricants - Equipment	13,246	14,571	16,028	17,631	19,394	
5-29015	Minor Construction Expenses	1,460	1,489	1,519	1,549	1,580	
5-29016	Project Maintenance Fees	6,819	6,955	7,094	7,236	7,381	
5-29017	Contingency (1.5%)	82,982	85,596	87,850	90,709	94,233	
5-29018	Electricity Services	16,721	 	16,908	17,753	18,641	19,573	
	Total Administration Operating:	504,800	 	519,923	536,177	553,989	573,502	

5-29101	Capital Outlay Administration
Equipment	-
 	31,000	-	-	-	-
22,000	15,000	-	-	

Budget FY 2019

5-29102	Building
5-29103	Other

-
 	-

	Forecast		
FY 2020	FY 2021	FY 2022	FY 2023		
	-	-	-	-	

 	-	-	-	-
Total Administration Capital Outlay: 	31,000	 	22,000	15,000	-	-

  	 	 
 	TOTAL ADMINISTRATION	1,628,805	 	1,662,320	 	1,724,654	 	1,783,662	 	1,862,689 WATER TREATMENT PLANT DIVISION
Personnel
5-15001	Regular Salaries	289,353	296,587	304,002	311,602	319,392
5-15002	Overtime	37,559	38,498	39,460	40,447	41,458
5-15003	FICA	25,537	26,174	26,827	27,496	28,182
5-15004	Retirement Contributions	29,422	30,158	30,912	31,684	32,477
5-15008	Uniforms	1,919	1,961	2,004	2,048	2,093
5-15011	Annual PTO	5,561	5,683	5,808	5,936	6,067
5-15012	Cell Stipend	1,349	 	1,379	1,409	1,440	1,472
Total WTP Personnel: 	394,430	 	404,170	414,152	424,383	434,871
WTP Operating
5-30001	Other Contractual Services	80,974	82,593	84,245	85,930	87,649
5-30002	Operations & Maintenance Services	2,878	2,936	2,995	3,055	3,116
5-30003	Laboratory Services	25,163	25,666	26,179	26,703	27,237
5-30004	Operating Supplies	11,240	11,465	11,694	11,928	12,167
5-30005	Electricity Services	196,073	198,269	208,182	218,591	229,521
5-30007	Plant Maintenance	84,156	86,092	88,072	90,098	92,170
5-30009	Chemicals	255,701	260,815	266,031	271,352	276,779
5-30010		Water Conservation Grant Program					9,000				9,000				9,000			9,000			9,000 5-30011	Backflow Prevention Program					25,000	 		25,000	 		25,000	 	25,000	 	25,000 Total WTP Operating: 	690,185	 	701,836	 	721,398		 	741,657	 	762,639

Capital Outlay WTP
5-30101	Equipment
5-30102	Building
5-30103	Other

28,000	-	-	-

24,000
-
 	-

-	-	-	-
 	-	-	-	-
Total WTP Capital Outlay: 	24,000	 	28,000	-	-	-

 
TOTAL WATER TREATMENT PLANT DIVISION	1,108,615	 	1,134,006	1,135,550	1,166,040	1,197,510

	WASTEWATER TREATMENT PLANT DIVISION		
	Personnel		
5-16001	Regular Salaries	282,158	289,212	296,442	303,853	311,449	
5-16002	Overtime	45,268	46,400	47,560	48,749	49,968	
5-16003	FICA	25,472	26,108	26,759	27,427	28,111	
5-16004	Retirement Contributions	29,468	30,205	30,960	31,734	32,528	
5-16008	Uniforms	2,283	2,333	2,384	2,436	2,490	
5-16011	Annual PTO	4,195	4,287	4,381	4,477	4,575	
5-16012	Cell Stipend	1,349	 	1,379	1,409	1,440	1,472	
		Total WWTP Personnel: 	394,300	 	404,031	414,002	424,223	434,700	
	WWTP Operating						
5-31001	Other Contractual Services	56,098	57,220	58,364	59,531	60,722	
5-31002	Operations & Maintenance Services	12,298	12,544	12,795	13,051	13,312	
5-31003	Laboratory Services	31,194	31,818	32,454	33,103	33,765	
5-31004	Operating Supplies	18,593	18,965	19,344	19,731	20,126	
5-31005	Sludge Disposal	109,987	112,187	114,431	116,720	119,054	
5-31006	Electricity Services	163,156	164,983	173,232	181,894	190,989	
5-31008	Plant Maintenance	48,725	49,846	50,992	52,165	53,365	

 
Forecast

5-31010	Chemicals

Capital Outlay WWTP

FY 2020

116,576

Budget FY 2019

FY 2023

FY 2022

FY 2021

 	122,405	 	128,525	 	134,951	 	141,699
Total WWTP Operating: 	556,627	 	569,968	 	590,137	 	611,146	 	633,032

5-31101	Equipment	24,000
5-31102	Building	-	-	-	30,000	-
-	-	-	-	
5-31103	Other	 	-	 	-	-	-	-	
	Total WWTP Capital Outlay: 	24,000
 	-
TOTAL WASTEWATER TREATMENT PLANT DIVISION	974,927	 	-	-	30,000	-
 	-	-	-	-
 	973,999	1,004,139	1,065,369	1,067,732	
	UNDERGROUND UTILITIES DIVISION						
	Personnel						
5-17001	Regular Salaries	466,948	478,622	490,588	502,853	515,424	
5-17002	Overtime	70,145	71,899	73,696	75,538	77,426	
5-17003	FICA	41,900	42,945	44,016	45,114	46,239	
5-17004	Retirement Contributions	48,338	49,547	50,786	52,055	53,357	
5-17008	Uniforms	6,874	7,025	7,180	7,338	7,499	
5-17011	Annual PTO	7,425	7,588	7,755	7,926	8,100	
5-17012	Cell Stipend	3,189	 	3,259	3,331	3,404	3,479	
		Total UGU Personnel: 	647,832	 	663,898	680,365	697,241	714,537	
UGU Operating
5-32001	Other Contractual Services	202,303	206,349	210,476	214,686	218,980
5-32002	Operations & Maintenance Services	100,077	102,079	104,121	106,203	108,327
5-32003	Operating Supplies	105,193	107,297	109,443	111,632	113,865
5-32004	Electricity Services	38,214	38,642	40,574	42,603	44,733
5-32005	Vehicle Maintenance	20,723	21,137	21,560	21,991	22,431
5-32006	Lift Station Maintenance	25,383	 	25,967	 	26,564	 	27,175	 	27,800
Total UGU Operating: 	491,893	 	501,471	 	512,738	 	524,290	 	536,136
Capital Outlay UGU
5-32101	Equipment	111,000	46,000	35,000	60,000	60,000
5-32102	Building		-		-		-		-		- 5-32104	New Meters	1,050	1,050	1,050	1,050	1,050
5-32103	Other	-	 	-	-	-	-
Total UGU Capital Outlay: 	112,050	 	47,050	36,050	61,050	61,050

TOTAL UNDERGROUND UTILITIES DIVISION	1,251,775	 	1,212,419	1,229,153	1,282,581	1,311,723

	IRRIGATION DIVISION		
	Personnel		
5-18001	Regular Salaries	42,712	43,780	44,875	45,997	47,147	
5-18002	Overtime	10,010	10,260	10,517	10,780	11,050	
5-18003	FICA	4,110	4,213	4,318	4,426	4,536	
5-18004	Retirement Contributions	4,745	4,864	4,985	5,110	5,238	
5-18008	Uniforms	749	765	782	799	817	
5-18010	Annual PTO	761	778	795	812	830	
5-18011	Cell Stipend	245	 	250	256	262	268	
		Total IRR Personnel: 	64,127	 	65,705	67,323	68,981	70,681	
	IRR Operating						
5-33001	Other Contractual Services	35,514	36,224	36,948	37,687	38,441	
5-33002	Operations & Maintenance Services	37,057	37,798	38,554	39,325	40,112	
5-33003	Laboratory Services	693	707	721	735	750	
5-33004	Operating Supplies	7,248	7,393	7,541	7,692	7,846	
5-33005	Electricity Services	145,169	146,795	154,135	161,842	169,934	
5-33008	Maintenance - Irrigation	24,566	25,131	25,709	26,300	26,905	

 
Forecast

5-33010	Chemicals

Capital Outlay IRR
5-33101	Equipment
5-33102	Building
5-33103	Other

FY 2020

23,619

Budget FY 2019

FY 2023

FY 2022

FY 2021

 	24,800	 	26,040	 	27,342	 	28,709
Total IRR Operating: 	273,866	 	278,848	 	289,648	 	300,923	 	312,697

12,000
-
 	-

-	-	30,000	-
-	-	-	-
 	-	-	-	-
Total IRR Capital Outlay: 	12,000	 	-	-	30,000	-

 
TOTAL IRRIGATION DIVISION	349,993	 	344,553	356,971	399,904	383,378

Total Operating Expenses	 	5,818,156	 	5,889,033	 	5,995,534	 	6,259,006	 	6,437,455

NON-OPERATING INCOME AND EXPENSES		
Other Income		
Transfer from Water Connection Fees to Pay Debt	-	 	-	 	-	 	-	 	-	
5-34001	TOTAL NON-OPERATING INCOME	-	 	-	 	-	 	-	 	-	

5-27011	DEBT SERVICE EXPENSES
Cost of Issuance	
-	
-		
-		
-		
-	
5-27013	Principal 2014 Bond Issue Refi of 2004	170,000	180,000		190,000		190,000		200,000	
5-27012	Interest 2014 Bond Issue Refi of 2004	464,747	457,658		450,152		442,229		434,306	
5-27008	Principal 2011 Bond Issue	1,105,000	1,135,000		1,165,000		1,200,000		1,235,000	
5-27007	Interest 2011 Bond issue	590,450	552,216		512,946		472,636		431,116	
5-27010	Principal 2013 Bond Issue	255,000	260,000		265,000		275,000		280,000	
5-27009	Interest 2013 Bond issue	123,458	 	115,935		 	108,265		 	100,448		 	92,335	
	TOTAL DEBT SERVICE:	 	2,708,655	 	2,700,809		 	2,691,363		 	2,680,313		 	2,672,757	
	RATE STABILIZATION									
	Transfer Out to Rate Stabilization Fund	 	-	 	-		 	-		 	-		 	-	
	TOTAL RATE STABILIZATION SERVICE:	 	-	 	-		 	-		 	-		 	-	
	CAPITAL IMPROVEMENT & TRANSFERS									
	Capital Improvement Program - WWTP Expansion	-	-		-		-		-	
5-28127	Required R&R Transfer to Capital (5%)	465,989	477,768		480,000		480,000		480,000	
	Additional R&R Transfer for CIP's	775,000	150,000		150,000		150,000		150,000	
	Cash Carry Forward for R&R CIP	-	 	-		 	-		 	-		 	-	
	TOTAL CI & TRANSFERS EXPENSES:	 	1,240,989	 	627,768		 	630,000		 	630,000		 	630,000	
	Total Expenses	   $ 9,767,800	   $	9,217,610		   $	9,316,897		   $	9,569,319		  $	9,740,212	
	Total Revenues	   $ 9,049,591	   $	9,058,749		   $	9,232,951		   $	9,425,428		  $	9,612,238	
	
Surplus/(Deficit) Before Transfer from									
	(to) Operating Reserve	 	(718,209)	(158,861)		(83,946)
 			(143,891)
 	-		(127,974)
 	-	
	Available Operating Cash Balance (Ending)	   $ 4,836,355	$	4,677,494		$	4,593,548		$	4,449,657		$	4,321,683	
	
*Coverage Provided (Required > 1.10)	
1.27	
1.21		
1.22		
1.23		
1.21	
	**Coverage w/R&R deducted (Required > 1.00)	1.08	1.03		1.04		1.04		1.03	
	Index Rate Increase (included in revenues)	 	0.00%	 	0.00%		 	2.00%		 	2.00%		 	2.00%	
	Total Effective Rate Increase	0.00%	0.00%		2.00%		2.00%		2.00%	

REVENUE SOURCES

St Lucie West Services District receives approximately 72.99% of their operating Revenues from the sale of water and wastewater service. Another 19.91% of the operating revenue is received from irrigation services. The FY 2019 Budget assumes no rate increase to all utility rates.

Billed Wastewater Revenues $3,538,974.00 39.11%

Billed Irrigation Revenue
$1,801,615.00 19.91%

Billed Water Revenues
$3,066,269.00  33.88%

Wholesale Water & Wastewater $558,328.00 6.17%

Other Operating Revenue
$81,921.00 0.91%

AFPI Revenue $2,484.00 0.03%

Water & Sewer Revenue

Billed Water Revenue
Revenue billed for potable water services. The water revenue budget assumes a 0.1% increase in total customers (ERU’s) and no rate increase.

Billed Wastewater Revenue
Revenue billed for the wastewater services. The wastewater revenue budget assumes a 0.1% increase in total customers (ERU’s) and no rate increase.

Irrigation Revenue
Revenue billed for the irrigation services. The irrigation revenue budget assumes a minor increase in total customers and no rate increase.

Late Fee Revenue
Late fees are charges assessed on customer accounts due to late payment of the customer’s utility bills. The budget for FY 2019 is based on historical revenues, however using a conservative assumption for the budget year.

Miscellaneous Fees
Miscellaneous revenues that the Utility receives. The budget for FY 2019 is based on historical revenues, however using a conservative assumption for the budget year.

Wholesale Water/Wastewater Revenue
Revenue received from the sale of wholesale water and wastewater services. At times the District may choose to enter into an agreement with an organization to sell wholesale water at wholesale prices. Currently the District has an agreement with the Reserves for the purchase of wholesale water and wastewater. The gallonage (commodity) charge is equal to eighty percent (80%) of the retail water and sewer service rate (per 1,000 gallons) in effect at the time of payment.

Meter Set Fees

Revenue received for the setting of new meters.

Interest Revenue – Operating Revenues
This account reflects all interest earnings in all non-restricted cash accounts that belong to the Water & Sewer Fund.

Rate Stabilization Fund – Operating Revenues
This revenue is funded from available unrestricted operating reserves from previous FY’s.

Backflow Prevention Program – Operating Revenues
This revenue is for water backflow prevention testing performed by contractors who have been preapproved for this program.

Tanker Truck Water Service – Operating Revenues
This revenue is for water provided to water tanker trucks such-as pest control, fertilizer companies and contractors.

Water & Wastewater Connection Fees (AFPI Portion)
The Allowance for Funds Prudently Invested (AFPI) charge is the unrestricted portion of the Water & Wastewater Connection Fees that is used to recover the fixed operating, maintenance, and replacement costs and associated financing charges for those customers requiring service subsequent to the construction of the Water and Wastewater facilities by the District.

Capital Fund Revenues

Water & Wastewater Connection Fees
Fees collected from the district to acquire, construct, equip or expand the capacity of the Water & Wastewater facilities of the Utility System for the purpose of paying or reimbursing the equitable share of the capital costs relating to such acquisition, construction, expansion, or equipping of unused capacity of the Water and Wastewater facilities of the utility system and new developments within the service area of the utility system. Such fees may include interest carrying costs associated with the water and wastewater facilities of the utility system.

OPERATING EXPENSE’S

Operating expenses include the cost for personnel, materials, maintenance, service and equipment required for the Water & Sewer Utility to Function. They include expenses directly related to the Utility service activities.

Board of Directors

Executive Salaries
Salaries paid to the Board of Directors for their public service. Salaries are paid on a $200 per board meeting, for a total maximum amount of
$4,800 per seat, per fiscal year. This expense is shared equally with the General Fund.

FICA
This line includes the Districts portion of the social security and Medicare expense for Salaries of the Board of Supervisors. The Federal rate for these combined expenses is 7.65% of total salaries.

Board Meeting Expenses
This includes expenses directly relating to board meetings.

District Manager

Management Contract
Charges directly relating to the District Manager’s service contract. The charge for FY 2019 is based on the salary difference of the Utility Director salary and the Contract for the District Manager which is projected to be $62,000 shared between the Water & Sewer Fund 50% and the General Fund 50%.

Travel & Per Diem
Charges billed directly from SDS, Inc. or the District Manager for travel expenses as allowed by the contract for District Business. All charges are billed in accordance with Section 112.061, Florida Statutes.

Finance

Dissemination Agent
This line includes charges for a dissemination agent who prepares reports regarding the compliance with bond issues.

Arbitrage
This line includes charges relating to the annual arbitrage review relating to interest earned versus interest paid.

Accounting Services
This includes the contracted services for Financial Services with SDS, Inc. The FY 2019 budget assumes a 2.1% increase from the previous year per the contract with SDS.

Auditing
This includes expenses that are incurred from the Districts Annual Financial Audit as required by Florida Statutes. This amount is split between the Water & Sewer Fund and the General Fund, 56% and 44% respectively.

Banking Services
Charges for banking services such as bank service charges and trust account administration expenses.

Property & Casualty Insurance

This expense includes the annual insurance premium that provides protection for the Districts general liability, auto and property coverage. The agent has been asked to provide and estimate of total premiums for FY 2019. Coverage is from October 1 through September 30 each year.

Bad Debt
This expense is an expense that is assessed upon accounts receivable accounts that are expected to be written off due to nonpayment.

Property Control

Building & Land Rental
Charges for the storage rental space.

Computer Software/Licensing
Charges for yearly software and/or licensing obligations for computer equipment used for the utility.

Computer Hardware/Supplies
This line item includes new and replacement computer hardware and supplies.

Utility Rate Consultant

Other Contractual Services
Contractual services provided by PRMG for the Revenue Sufficiency Analysis Update.

Clerk to the Board

Other Contractual Services
Contractual services provided by SDS, Inc for the Board Clerk and records service provided. This expense is shared 60% to 40% with the General Fund.

Postage & Freight
This line item includes postages charges that are invoiced from the district management office. These charges include postage charges for sending out regular mail, packages and vendor checks.

Printing & Binding
Charges for printing and binding agendas, packages, audit reports and budget materials as well as copy charges for the normal daily work flow.

Legal Ads
Charges for legal ads posted in the local newspapers for notices of Board meetings and Public Hearings.

General Counsel
Legal Services
Legal fees associated with the District’s Attorney. These fees include charges for regular legal business matters within the District.

Special Counsel
Legal Services
Legal fees associated with any special legal matters the District may have. For the FY 2019 budget this line item includes legal matters regarding Human Resources matters.
Engineering Services

Engineering Services
Charges billed from the District Engineer office. These charges include any general engineering services or Work Authorization preparation that directly relates to the Utility. The engineer is paid for actual hours for services delivered.

WATER & SEWER FUND ADMINISTRATION DIVISION
Water & Sewer Administration Division - Personnel

Regular Salaries
Includes Administration Division employee’s basic salaries. The total budget is estimated using a tabulation of all approved positions, applying the appropriate increases and allowing a factor for unfilled vacancies. We are proposing one new full-time position for this FY. This year we are proposing to give a 2.1% increase to all employees based on the Bureau of Labor Statics CPI. This also reflects for license or certifications increases.

Overtime
This description is the same for all Division in the Utilities Department: This line includes departmental overtime expenses.

FICA
This description is the same for all Division in the Utilities Department: This line includes the Districts portion of the social security and Medicare expense for Salaries of the District’s employees. The Federal rate for these combined expenses is 7.65% of total salaries.

Retirement Contributions
This description is the same for all Division in the Utilities Department: After one year of employment the District provides a 9% contribution into a SEP IRA for all full-time employees. This contribution is paid on a monthly basis.

Health/Life/Dental Insurance
This includes health, life and dental insurance benefits provided to all employees of the District. The proposed increase is 10% for FY 2019.

Workers Compensation
The District provides workers compensation to any employee who is injured while at work. Under the provisions of the Florida Workers Compensation law, a no-fault insurance plan which is supervised by the State of Florida, the District pays for 100% of these benefits.

Unemployment Compensation
The District is required to reimburse the Unemployment Compensation Fund for any unemployment claims paid on behalf of the District.

Uniforms
This description is the same for all Division in the Utilities Department: The District provides an allotted amount of uniforms and/or safety equipment for all District employees each year depending on their position.

Training & Education Expenses
This description is the same for all Division in the Utilities Department: The District pays for employees to obtain and upgrade certifications and licenses. In some cases, the employee may need to travel to attend these classes or training courses. The district pays the employee travel and per diem according to Section 112.061, Florida Statutes.

Vehicle Allowance
The District provides for a vehicle allowance for certain positions instead of providing a vehicle and associated costs.

Annual PTO
The District provides personal leave and allows a maximum cash-out each year, this code covers the maximum exposure for each FY.

Cell Phone Stipend
The District provides optional cell phone stipend to all employees, this code covers the maximum exposure for each FY.

Water & Sewer Administration Division - Operating

Other Contractual Services
This description is the same for all Division in the Utilities Department: Includes charges associated with service contracts related to the Administration Division such as office equipment repairs, computer support, Air conditioning services, Security alarm repairs, pest control, Utility Billing Program, Credit Card Program for billing, Bill mail-out services, Vehicle GPS monitoring, Trash contract, and janitorial contracts.

Website Maintenance
The District will be looking into up-grading the current website for increased function for the budget year 2019.

Operating Supplies
This description is the same for all Division in the Utilities Department: Includes general supplies for the use and operation of the Administration Division.

Storm Water Fees
Storm water fees the District pays to the City of Port St Lucie and SLWSD General Fund for their share of Storm Water Maintenance Fees for the land owned and operated by the utility.

Telephone & Cell Services
These charges include the landline telephone service that is used in the District office as well as cellular phone services for all Utility Divisions.

Postage & Freight
This line item includes postage charges that are used primarily for the utility billing cycle as well as notices sent to residents regarding utility matters.

Equipment Leasing
Charges for leasing equipment which is used for Utility activities. Currently the District has one leased copier.

Administrative Maintenance
This description is the same for all Division in the Utilities Department: This line includes charges for normal maintenance of the District’s vehicles used by the Utility. Maintenance is done on a regular basis to provide the longest life possible to the vehicles owned and operated by the district. This provides for decreased total life cycle costs.

Contingency – Hurricane
This account is allocated to fund any extraordinary expenses the District incurs relating to hurricane preparation and/or damages to the Utility property.

Office Supplies
Includes general supply charges for the operations of the Districts offices and billing functions.

Fuel & Lubricants-Vehicles
Fuel purchased for all vehicles used in the Utility Division.

Fuel & Lubricants-Equipment

Fuel purchased for all equipment used in the Utility Division.

Minor Construction Expenses
This includes miscellaneous minor construction projects that do not meet the Districts threshold to be considered capital items.

Project Maintenance Fees
This includes project maintenance fees associated with lawn maintenance for the Utilities Division paid to the General Fund.

Contingency
This code was recommended by the Rate Consultant for unexpected expenses. This is 1.5% of the operating expenses minus the Capital Outlay.

Electricity Services
This description is the same for all Division in the Utilities Department: Includes electricity charges for the administration building which is split with the General Fund.

Water & Sewer Administration Division – Capital Outlay

Equipment
This description is the same for all Division in the Utilities Department: This code is for equipment purchases such as vehicles and tractors over $1,000 Proposed replacement of the Mechanic Foreman’s 2010 F-350 for $55,000 which will be split with the GF and the replacement of a tire changer for $7,000. No other expenditures planned for this fiscal year.

Building
This description is the same for all Division in the Utilities Department: This code is for buildings or land purchases over $1,000 No expenditures planned for this fiscal year.

Other
This description is the same for all Division in the Utilities Department: This code is for any other Capital purchases over $1,000. No expenditures planned for this fiscal year.

WATER TREATMENT PLANT DIVISION
Water Treatment Plant Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Water Treatment Plant Division - Operating

Other Contractual Services; Operating Supplies; Electricity Services;
The above categories are the same as described in the Administration Budget

Operations & Maintenance Services
Charges for repairs on water treatment plant pipes and pump maintenance.

Laboratory Services
Includes charges for the water treatment plant laboratory testing, injection well testing, lead & copper testing, and others as required by permits.

Plant Maintenance
This line captures charges for normal maintenance for the water treatment plant. By performing normal maintenance inline with maintenance schedules, it provides a longer useful life for the utility plant assets.

Chemicals
This line includes any chemical purchases for the water treatment plant.

Water Conservation Grant Program
This line includes the allotment of rebate credits on utility bills on items such as low flow toilets rain gauges for irrigation and low flow shower heads. This program is designed to encourage water conservation.

Backflow Prevention Program
This line is for water backflow prevention testing performed by contractors who have been preapproved for this program and will assist in 100% compliance to the rule.

Water Treatment Plant Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. $24,000 planned for the replacement of a fork lift which will be split between all departments. No other expenditures planned for this fiscal year.

WASTEWATER TREATMENT PLANT DIVISION
Wastewater Treatment Plant Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Wastewater Treatment Plant Division - Operating

Other Contractual Services; Operating Supplies; Electricity Services; Operations & Maintenance Services; Laboratory Services; Plant Maintenance; Chemicals
The above categories are the same as described in the Administration Budget and Water Treatment Plant Division.

Sludge Disposal
Charges for the dewatering, hauling and disposal of the sludge from the wastewater plant.

Wastewater Treatment Plant Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. $24,000 planned for the replacement of a fork lift which will be split between all departments.

UNDERGROUND UTILITIES DIVISION
Underground Utilities Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Underground Utilities Division - Operating

Other Contractual Services; Operating Supplies; Electricity Services; Vehicle Maintenance; Operations & Maintenance Services;
The above categories are the same as described in the Administration Budget and Water Treatment Plant Division.

Lift Station Maintenance
This line captures charges for normal maintenance for the Underground Utilities Division. By performing normal maintenance inline with maintenance schedules, it provides a longer useful life for underground utilities assets.

Water & Sewer Underground Utilities Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. $24,000 planned for the replacement of a fork lift which will be split between all departments proposed a Truck, equipment replacement, and minor Capital Outlay equipment planned for this fiscal year.

New Meters
This code was recommended by the rate consultant to track the purchase of new meters for new construction.

IRRIGATION DIVISION
Irrigation Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Irrigation Division - Operating

Other Contractual Services; Operating Supplies; Electricity Services; Vehicle Maintenance; Operations & Maintenance Services; Laboratory Services; Plant Maintenance; Chemicals
The above categories are the same as described in the Administration Budget and Water Treatment Plant Division.

Maintenance Irrigation
Includes charges for maintenance to irrigation pump stations as well as irrigation breaks on District property.

Water & Sewer Irrigation Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. $14,000 planned for the replacement of a fork lift which will be split between all departments. No other expenditures planned for this fiscal year.

The Total Operating Expenses are projected to be $5,818,156 for FY 2019.

Non-Operating Expenses

Principal 2013 Bond Issue
According to the Bond Documents the district is required to make an annual Principal payment on the 2013 bonds outstanding.

Interest 2013 Bond issue
This line includes the semiannual interest fees the district is required to pay on the 2013 utility bonds outstanding.

Principal 2011 Bond Issue
According to the Bond Documents the district is required to make an annual Principal payment on the 2011 bonds outstanding.

Interest 2011 Bond issue
This line includes the semiannual interest fees the district is required to pay on the 2011 utility bonds outstanding.

Principal 2004 Bond Issue Refunded for the 2014 Bond
According to the Bond Documents the district is required to make an annual Principal payment on the 2004 bonds outstanding. The 2004 Series Bond was refunded at a lower rate and changed by decreasing the payoff by 4 years and saved over $5,000,000.

Interest 2004 Bond issue Refunded for the 2014 Bond
This line includes the semiannual interest fees the district is required to pay on the 2004 utility bonds outstanding.

Rate Stabilization
This expense code transfers funds from available unrestricted operating reserves to the Rate Stabilization Fund and the balance is up to
$530,381. There is no transfer scheduled for 2019 FY.

Renewal & Replacement Transfer to Capital
This allocation captures the 5% minimum funding requirement to the Renewal & Replacement fund which is $465,989 for 2019FY and an additional $775,000 to fund the proposed capital expenditure items for future projects.

ST LUCIE WEST SERVICES DISTRICT CAPITAL FUNDING REVENUE AND EXPENDITURES

FY 2018 BUDGET

R&R	WCF	WWCF

Estimated Beginning Fund Balance

ADD REVENUES:	716,509	1,217,022	250,295	
Interest Revenues	-	70	250	
Impact Fee Revenues	-	3,832	2,876	
5% Required Transfer per Bond	465,989	-	-	
Additional Funding	775,000	-	-	
Cash Carry Forward for R&R CIP	-	-	-
 	-	 	-	 	-		
TOTAL REVENUES AVAILABLE	1,957,498	1,220,924	253,421	
DEDUCT EXPENDITURES:
Capital Improvement Projects	
1,561,494	1,200,000	-	
Transfer Out to WW Connection Fee Funds
Transfers Out to Pay Debt Service	
 	-	 	-	 	-		
TOTAL EXPENDITURES	1,561,494	1,200,000	-	
FUND BALANCE, SEPTEMBER 30	  $	396,004	$	20,924	$	253,421	

RENEWAL & REPLACEMENT FUND

Actual FY
 	2017		 	FY 2018	 	FY 2019	 	FY 2020	 	FY 2021	 	FY 2022		 	FY 2023	

Estimated Beginning Fund Balance	1,308,832	1,652,685	716,509	396,004	359,659	499,642	422,922

ADD REVENUES:
5-36001	Interest Revenues	-	-	-	-	-	-	-
5-36007	5% Required Transfer per Bond	454,000	478,786	465,989	477,768	480,000	480,000	480,000	
Additional Funding	800,000	650,000	775,000	150,000	150,000	150,000	150,000	
Cash Carry Forward for R&R CIP	-	-	-	-	-	-

SW049	5-37004	Protective Coating Manholes	-	26,373	26,900	27,438	27,987	28,547	29,118	
SW064	5-37006	Replacement Meters	399,300	418,379	396,653	20,000	5,000	5,100	5,202	
SW001	5-37007	Lift Station Renewal & Replacement	41,029	139,000	140,390	141,794	143,212	144,644	146,090	
SW037	5-37009	Emergency Renewal & Replacement Projects	69,178	140,026	191,926	193,845	203,537	213,714	224,400	
SW047	5-37013	Structural Repairs Sewer Manholes	28,343	28,910	30,487	31,097	31,719	32,353	33,000	
SW050	5-37014	WTP Grounding System Improvements	-	50,000	-	-	-	-	-	
SW061	5-37017	Membrane Filter Replacement Program	-	-	-	-	-	200,000	208,000	
SW069	5-37018	Reuse Irrigation Pump Station Improvements	100,560	1,002,000	500,000	-	-	-	-	
SW066	5-37020	WWTF Plant Painting & Sealing of Tanks	-	-	-	-	-	-	-	
SW073	5-37027	Replacement Backflow Preventers	18,773	19,524	20,550	12,372	12,867	13,382	13,917	
SW078	5-37028	WTP Painting and Tank sealing								
SW081	5-37029	WTP Calcite Tank Project	-	-	145,000	
SW083	5-37030	WWTF Odor Control Improvements	-	-	-	-	-	-	-	
SW084	5-37031	Potable Water Flushing Devices	3,017	24,000	15,000	-	-	-	-	
SW085	5-37032	Emergency (Association Irrigation) R & R Projec	11,128	56,750	59,588	62,567	65,695	68,980	72,429	
SW087	5-37034	Irrigation SCADA Conversion			30,000					
SW088	5-37035	High Service Pump Station Control Upgrade	60,278							
SW089	5-37036	Reuse Pond Liner Protection (Concrete Border)	80,181							
SW090	5-37037	Clarifier Weir covers	98,360							
SW091	5-37038	Irrigation Automatic Flushing Devices	-	10,000	5,000					
SW092	5-37039	Repaving Utility site	-	-	-	175,000	
SW093	5-37040	Irrigation stormwater transfer line	-	150,000	-	
TOTAL EXPENDITURES	910,147		2,064,962		1,561,494		664,113		490,017		706,720		732,156	
FUND BALANCE, SEPTEMBER 30	   1,652,685		716,509		396,004		359,659		499,642		422,922		320,766	

TOTAL REVENUES AND FUNDS AVAILABLE  2,562,832	2,781,471	1,957,498	1,023,772	989,659	1,129,642	1,052,922 DEDUCT EXPENDITURES:

WATER CONNECTION FEE FUND

Actual
    FY 2017	FY 2018 FY 2019	FY 2020	FY 2021 FY 2022	FY 2023 

Estimated Beginning Fund Balance	1,193,184	1,213,014	1,217,022	20,924	24,826	28,728	32,630

ADD REVENUES:
5-36004	Interest Revenues	1,690	176	70	70	70	70	70	
5-36005	Impact Fee Revenues	19,598	3,832	3,832	3,832	3,832	3,832	3,832	
	-	-	-	-	-	-	-	
Additional Funding Required	 	-		 	-		 	-		 	-		 	-		 	-		 	-		

SW071	5-38010	WTP RO Modifications	-	-	-	-	-	-	-	
SW072	5-38011	High Service Pump/Hydro-tank Expansion	-	-	-	-	-	-	
SW076		Clearwell/Transfer Pump Expansion	-	800,000	-	
SW077	5-38012	Main Water Line Extension	1,459	-	400,000	
SW080	5-38013	WTP Concentrate Tank Expansion	-	-	

TOTAL REVENUES AND FUNDS AVAILABLE	1,214,473	1,217,022	1,220,924	24,826	28,728	32,630	36,532 DEDUCT EXPENDITURES:

2000 and 2004 Bond Refunding Payment	 		 	-	 	-		 	-		 	-	 	-		 	-	

TOTAL EXPENDITURES	1,459	-	1,200,000	-	-	-	-

TRANSFERS:

Transfers Out to Pay Debt Service	 	-		 		-	 		-		 		-		 		-	 		-		 	-	 TOTAL TRANSFERS OUT		-				-			-				-				-			-			- FUND BALANCE, SEPTEMBER 30	1,213,014			1,217,022		20,924			24,826			28,728		32,630 36,532

WASTEWATER CONNECTION FEE FUND

Actual
    FY 2017	FY 2018	FY 2019	 	FY 2020	 	FY 2021		 	FY 2022	 	FY 2023	

Estimated Beginning Fund Balance	231,676	247,184	250,295	253,421	256,550	259,683	262,819

ADD REVENUES:
5-36002	Interest Revenues	332	235	250	253	257	260	263	
5-36006	Impact Fee Revenues	15,176	2,876	2,876	2,876	2,876	2,876	2,876	
Unrestricted Utility Fund balance	-	-	-	-	-	
2013 Construction Bond Proceeds	 		 		 	-	 	-	 	-		 	-	 	-	

SW022	5-39002	Scada Implementation WWTF	-	-	-	-	-	-	-	
SW062	5-39011	WWTP Expansion	-	-	-	-	-	-	
SW067	5-39010	WWTF Reuse Filter Project	-	-	-	-	-	-	-
-	-	-	-	-	-	-	
		
TOTAL EXPENDITURES	
-	-	-	-	-	-	-	

TOTAL REVENUES AND FUNDS AVAILABLE	247,184	250,295	253,421	256,550	259,683	262,819	265,958 DEDUCT EXPENDITURES:

FUND BALANCE, SEPTEMBER 30	247,184	250,295	253,421	256,550	259,683	262,819	265,958

Debt Service Fund - Water Management Benefit Series 2013 Bonds & Series 2014 Land Acquisition Bond Five Year Operating Forecast

2,000
2,064,907
-	2,000
2,064,907
-	
$ 2,066,907	$ 2,066,907	

 	SERIES 2013 BOND	

Actual		
Actual		
Estimate EOY		
Final Budget		
Budget				
Forecast		
FY 2017		FY 2018		FY 2018		FY 2018		FY 2019		FY 2020	FY 2021	FY 2022	FY 2023	
	
OPERATING REVENUE										
2-04001	Interest	$	1,871	$	530	600	$	10,000			2,000	2,000	2,000	
2-04002	Special Assessments	$ 1,867,205	$ 1,645,337	1,992,542	$ 1,992,542			2,064,907	2,064,907	2,064,907	
2-04005	Miscellaneous Revenue (Prepayments)	 		 		 	-	 				 	-	 	-	 	-	
	Total Revenues	  $ 1,869,076	  $ 1,645,867	  $ 1,993,142	  $ 2,002,542			   $ 2,066,907	   $ 2,066,907	  $ 2,066,907	
					$	193						
	OPERATING EXPENSES										
	Debt Service										
2-05001	Assessment Fees	40,058	44,364	40,100	40,100	40,100	40,100	40,100	40,100	40,100	
2-05002	Banking Services	10,434		6,000	6,000	6,000	6,000	6,000	6,000	6,000	
2-05014	Principal 2013	1,485,000		1,525,000	1,525,000	1,560,000	1,600,000	1,640,000	1,680,000	1,720,000	
2-05015	Interest 2013	360,632	162,199	305,793	360,471	326,403	279,477	231,363	182,061	131,571	
2-05011	Misc			10,000	10,000	10,000	10,000	10,000	10,000	10,000	
2-05860	COI			-		-	-	-	-	-	
2-05870 Land Purchase	 	       	    	    	    	    	
Total Expenses	 	1,896,124 	206,563	1,886,893   -	1,941,571            1,942,503	1,935,577 	1,927,463 	1,918,161 	1,907,671
1,845,632	1,830,793	1,885,471	1,886,403	1,879,477	1,871,363	1,862,061	1,851,571

Surplus/(Deficit) Before Transfer from
(to) Operating Reserve	(27,048)	1,439,304	106,249   -	60,971

124,404

131,330	139,444	148,746	159,236

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)

   $	(27,048)	$    1,439,304	$	106,249	$	60,971

$ 124,404 $

131,330 $

139,444 $

148,746 $

159,236

*Coverage Provided (Required > 1.10)	1.01	1.09	1.06	1.10	1.10	1.10	1.11	1.12
*Net Revenue / Bond Payment Requirements
 	SERIES 2014 BOND	

Actual FY 2017

Actual FY 2018

Estimate EOY FY 2018

Final Budget FY 2018

Budget FY 2019

OPERATING REVENUE
Interest	-	-	-	-
2-04007   Stormwater Revenue	389,367	391,417	391,417
-	-
 	- 	 	- 	- 

Forecast

FY 2023

FY 2022

FY 2021

FY 2020

-
388,223

-	- 388,499

-	
$ 388,223	$	388,499	

-	-	-
391,138	392,017	392,663

 	- 	- 	-

Total Revenues

OPERATING EXPENSES
Debt Service

  $	389,367

  $	-

  $	391,417

  $	391,417

   $	391,138

   $	392,017

  $	392,663

Assessment Fees	-	-	-	-	-	-	-	-	-	
Banking Services	-	-	-	-	-	-	-	-	-	
2-05016 Principal 2014	255,000	265,000	265,000	270,000	280,000	290,000	300,000	310,000	
2-05017 Interest 2014	134,456	126,417	126,417	118,223	108,499	101,138	92,017	82,663	
Misc	-	-	-	-	-	-	-	-	
COI	-	-		-	-	-	-	-	

Total Expenses	 	389,456 	-	391,417	391,417 	388,223	388,499 	391,138 	392,017 	392,663

Surplus/(Deficit) Before Transfer from

-

(to) Operating Reserve	(89)	-	-	-

-	-	-	-

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)

   $	(89)	$	-	$	-	$	-      $	-	$	-	$

-      $	-       $	-

Debt Service Fund - Cascades Series 2010 Five Year Operating Forecast

Actual FY 2017

Actual FY 2018

Estimate EOY FY 2018

Final Budget FY 2018

Budget FY 2019

FY 2024

FY 2023

FY 2022

FY 2021

FY 2020

Forecast

Beginning Balance - DSR	-
Est. Beginning Balance - Rev	-

-
-
-	-
-
-	
$	-	$	-	

OPERATING REVENUE

344	52	70	3,500	-	-	-	-	
194,378	137,072	207,540	207,540	-	-	-	-	
 	-	 	-	 	-	 	- 	 	-	 	-	 	-	 	-	
  $	194,722	  $	137,124	  $	207,610	   $	211,040	   $	-	   $	-	  $	-	  $	-	

3-04002 Interest
3-04003 Special Assessments
3-04005 Miscellaneous Revenue
Total Revenues Plus Cash on Hand

OPERATING EXPENSES
Debt Service
3-05001   Assessment Fees	4,172	4,200	4,200
3-05002  Banking Services	3,897	4,000	4,000
3-05003  Principal 2010	180,000	180,000	180,000
3-05004  Interest 2010	13,989	3,574	17,563	17,563
3-05008  Misc.	-	-	-

-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-	-

      

-
-
-
-
-

Total Expenses	 	202,057	 	3,574    -	205,763   -	205,763 	-	- 	- 	- 	- 	-

Surplus/(Deficit) Before Transfer from

-

(to) Operating Reserve	(7,335)	133,550    -	1,847   -	5,277

-	-	-	-	-

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)

   $	(7,335)	$	133,550    #   $	1,847    #  $	5,277      $	-	$	-	$

-	$	-      $	-      $	-

*Coverage Provided (Required > 1.10)	1.00	1.05	1.07
*Net Revenue / Bond Payment Requirements