Sail Harbour Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
O & M Assessments	68,824	
Debt Assessments	509,434	
Other Revenues	0	
Interest Income	480	
		
TOTAL REVENUES	$	578,738	
		
EXPENDITURES		
Supervisor Fees	8,000	
Payroll Taxes (Employer)	640	
Engineering/Inspections	6,500	
Pipe & Miscellaneous Maintenance	20,000	
Stormwater Videotaping	2,000	
Management	24,000	
Legal	5,500	
Assessment Roll	5,000	
Audit Fees	3,800	
Arbitrage Rebate Fee	500	
Travel	500	
Insurance	6,100	
Legal Advertisements	1,400	
Miscellaneous	1,450	
Postage	350	
Office Supplies	500	
Dues & Subscriptions	175	
Trustee Fee	4,400	
Website Management	1,500	
		
TOTAL EXPENDITURES	$	92,315	
		
REVENUES LESS EXPENDITURES	$	486,423	
		
Bond Payments	(478,868)	
		
BALANCE	$	7,555	
		
County Appraiser & Tax Collector Fee	(11,565)	
Discounts For Early Payments	(23,130)	
		
EXCESS/ (SHORTFALL)	$	(27,140)	
		
Carryover Funds From Prior Year	27,140	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021 ACTUAL	
FISCAL YEAR 2021/2022 BUDGET	
FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	
O & M Assessments	69,318	68,851	68,824	Expenditures Less Interest & Carryover/.94	
Debt Assessments	509,434	509,434	509,434	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	546	480	480	Interest Projected At $40 Per Month	
					
TOTAL REVENUES	$	579,298	$	578,765	$	578,738		
					
EXPENDITURES					
Supervisor Fees	2,800	8,000	8,000	Supervisor Fees	
Payroll Taxes (Employer)	214	640	640	8% Of Supervisor Fees	
Engineering/Inspections	4,299	6,500	6,500	No Change From 2021/2022 Budget	
Pipe & Miscellaneous Maintenance	26,561	20,000	20,000	Pipe & Miscellaneous Maintenance	
Stormwater Videotaping	13,300	2,000	2,000	No Change From 2021/2022 Budget	
Management	24,000	24,000	24,000	No Change From 2021/2022 Budget	
Legal	5,414	5,500	5,500	No Change From 2021/2022 Budget	
Assessment Roll	5,000	5,000	5,000	No Change From 2021/2022 Budget	
Audit Fees	3,600	3,700	3,800	Accepted Amount For 2021/2022 Audit	
Arbitrage Rebate Fee	500	500	500	No Change From 2021/2022 Budget	
Travel	37	500	500	No Change From 2021/2022 Budget	
Insurance	5,513	6,100	6,100	Insurance Estimate	
Legal Advertisements	873	1,450	1,400	$50 Decrease From 2021/2022 Budget	
Miscellaneous	933	1,500	1,450	$50 Decrease From 2021/2022 Budget	
Postage	118	350	350	No Change From 2021/2022 Budget	
Office Supplies	160	525	500	$25 Decrease From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fee	4,336	4,400	4,400	No Change From 2021/2022 Budget	
Website Management	1,500	1,500	1,500	No Change From 2021/2022 Budget	
					
TOTAL EXPENDITURES	$	99,333	$	92,340	$	92,315		
					
REVENUES LESS EXPENDITURES	$	479,965	$	486,425	$	486,423		
					
Bond Payments	(489,844)	(478,868)	(478,868)	2023 P & I Payments Less Earned Interest	
					
BALANCE	$	(9,879)	$	7,557	$	7,555		
					
County Appraiser & Tax Collector Fee	(936)	(11,566)	(11,565)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(21,080)	(23,131)	(23,130)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(31,895)	$	(27,140)	$	(27,140)		
					
Carryover Funds From Prior Year	0	27,140	27,140	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(31,895)	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
27	
25	
25	
Projected Interest For 2022/2023	

NAV Tax Collection	
489,844	
478,868	
478,868	
Yearly Maximum Debt Assessment	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	489,871	
$	478,893	
$	478,893		

EXPENDITURES					

Principal Payments	
280,000	
290,000	
305,000	
Principal Payment Due In 2023	

Interest Payments	
200,933	
185,377	
173,516	
Interest Payments Due In 2023	

Bond Redemption	
0	
3,516	
377	
Estimated Excess Debt Collections	

Total Expenditures	
$	480,933	
$	478,893	
$	478,893		

Excess/ (Shortfall)	
$	8,938	
$	-	
$	-		

Series 2015 Bond Refunding Information

Original Par Amount =	$6,775,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.60%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	February 2015			
Maturity Date =

Par Amount As Of 1/1/22 =	May 2036

$5,225,000			

Sail Harbour Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2019/2020	2020/2021	2021/2022	2022/2023	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
 Before Discount*	 Before Discount*	 Before Discount*	  Before Discount* 	  Before Discount* 	

O & M	$	168.54	$	145.79	$	145.60	$	145.57	$	145.51	
Debt	$	1,223.46	$	1,079.31	$	1,079.31	$	1,079.31	$	1,079.31	

Total

$	1,392.00

$	1,225.10

$	1,224.91	$

1,224.88	$

1,224.82

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

Community Information:		
Total Units	473	
Prepayments	1	
Billed for Debt	472	

5/28/2022 10:28 AM	IV