Sail Harbour Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	68,851	69,377	69,377	
Debt Assessments	509,434	509,435	509,435	
Other Revenues	0	0	0	
Interest Income	480	263	263	
				
TOTAL REVENUES	$	578,765	$	579,075	$	579,075	
				
EXPENDITURES				
Supervisor Fees	8,000	3,000	3,000	
Payroll Taxes (Employer)	640	229	229	
Engineering/Inspections	6,500	16,000	12,076	
Pipe Maintenance/Replacement	20,000	57,000	52,322	
Stormwater Videotaping	2,000	2,000	0	
Management	24,000	24,000	24,000	
Legal	5,500	5,500	4,658	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,700	3,700	3,700	
Arbitrage Rebate Fee	500	500	500	
Travel	500	150	111	
Insurance	6,100	5,706	5,706	
Legal Advertisements	1,450	1,450	984	
Miscellaneous	1,500	1,500	637	
Postage	350	180	155	
Office Supplies	525	350	304	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,400	4,337	4,337	
Website Management	1,500	1,500	1,500	
TOTAL EXPENDITURES	$	92,340	$	132,277	$	119,394	
				
REVENUES LESS EXPENDITURES	$	486,425	$	446,798	$	459,681	
				
Bond Payments	(478,868)	(489,668)	(489,668)	
				
BALANCE	$	7,557	$	(42,870)	$	(29,987)	
				
County Appraiser & Tax Collector Fee	(11,566)	(1,159)	(1,159)	
Discounts For Early Payments	(23,131)	(21,281)	(21,281)	
				
EXCESS/ (SHORTFALL)	$	(27,140)	$	(65,310)	$	(52,427)	
				
Carryover From Prior Year	27,140	27,140	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(38,170)	$	(52,427)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$212,402	
($65,310)	
$147,092	

.
Notes
Phase 2 Of Pipe Cleaning Project was done in early 2022 and was funded by District Reserves. Carryover From Prior Year Of $27,140 Was Used To Reduce Fiscal Year 2021/2022 Assessments.
$27,140 Of Fund Balance To Be Used To Reduce 2022/2023 Assessments.

10/29/2022 4:22 PM	I

AMENDED FINAL BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	1,295	1,295	
NAV Tax Collection	478,868	489,668	489,668	
Total Revenues	$	478,893	$	490,963	$	490,963	
				
EXPENDITURES				
Principal Payments	290,000	290,000	290,000	
Interest Payments	185,377	190,713	190,713	
Bond Redemption	3,516	0	0	
Total Expenditures	$	478,893	$	480,713	$	480,713	
				
Excess/ (Shortfall)	$	-	$	10,250	$	10,250	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$400,218	
$10,250	
$410,468	

Notes
Reserve Fund Balance = $191,806*. Revenue Fund Balance = $218,662*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $90,804.
* Approximate Amounts

Series 2015 Bond Refunding Information		
Original Par Amount =	$6,775,000	Annual Principal Payments Due:	
Interest Rate =	3.60%	May 1st	
Issue Date =	February 2015	Annual Interest Payments Due:	
Maturity Date =	May 2036	May 1st & November 1st	
Par Amount As Of 9/30/22 =	$4,935,000		

10/29/2022 4:22 PM	II