Author: Tricia Lascasas

SAIL HARBOUR COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
APRIL 8, 2024
6:00 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.sailharbourcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT
Hilton Garden Inn 12600 University Drive Fort Myers, Florida 33907
REGULAR BOARD MEETING
April 8, 2024
6:00 p.m.

Call to Order
Proof of Publication	Page 1
Consider Appointment to Board Vacancy	Page 2
Administer Oath of Office and Review Board Member Duties and Responsibilities
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
November 13, 2023 Regular Board Meeting	Page 3
Old Business
New Business
Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget	Page 6
Consider Approval of Johnson Engineering’s Rate Adjustment	Page 13
Discussion Regarding Clogged French Drains
Discussion Regarding Sail Harbour Fencing Project Authority
Administrative Matters
Engineer’s Report
Financials	Page 15
Board Members Comments
Adjourn

The News-Press
media group
news-press.com	A GANNETT COMPANY

0005833537 I FNP-798120

Attn:
SAIL HARBOUR COM DEV DISTRICT 2501 BURNS RD STE A
PALM BEACH GARDENS, FL 33410
State of Wisconsin, County of Brown:

,:P,(	,

Before the  dLrsig authority personally appeared
who on oath says that he or she is a Legal Assistant of the News-Press, a daily newspaper published at Fort Myers in Lee County, Florida; that the attached copy of advertisement, being a Legal Ad in the matter of

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Sail Harb

In the Twentieth Judicial Circuit Court was published in said newspaper editions dated in the issues of or by publication on the newspaper's website, if authorized, on :

09/29/2023

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Sail Harbour Com-
1
ilt i y GDa d	el c t ic:!t i 6 li i	i ."	Y tt 75ri o ;J/ha
6:00 p.m. on the following dates:
October 9, 2023
November 13, 2023
December 11, 2023
January 8, 2024
February 12, 2024
March 11, 2024
April 8, 2024
May 6, 2024
June 10, 2024
July 8, 2024
August 12, 2024
September 9, 2024
The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the pro­ visions of Florida law. Copies of the Agendas for any of the meetings may be ob­ tained from the District's website or by contacting the District Manager at (S61) 630-4922 and/or toll free at 1-877-737-4922 prior to the date of the particular meeting.
From time to time one or more Supervisors may participate by telephone; there­
fore a speaker telephone will be present at the meeting location so that Supervi­ sors may be fully informed of the discussions taking place. Meetings may be con­ tinued as found necessary to a time and place specified on the record.
If any person decides to appeal any decision made with respect to any matter con­ sidered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any rerson requiring special accommodations or an interpreter to participate at any o these meetings should contact the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice. SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT
www.sailharbourcdd.org

Affiant further says that the said News-Press is a paper of general circulation daily in Lee County and published at Fort Myers, in said Lee County, Florida, and that the said newspaper has heretofore been continuously published in said Lee County, Florida each day and has been entered as periodicals matter at the post office in Fort Myers, in said Lee County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that
he or she has never paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in said newspaper editions dated:

No. 5833537

Sept. 29, 2023

Sworn to and Subscribed before me this 29th of September 2023, by legal clerk who is personally known to me.

Affiant

Notary State of Wizsi	^aunty ^of ^Brown
Jd-:lb
My commission expires

NICOLE JACOBS
Notary Public State of Wisconsin

# of Affidavits 1
This is not an invoice

PATRICIA ANN MYERS
1705 Junonia Court
Fort Myers, Florida 33908-1603 patricia33908@gmail.com Internet site: www.aemyers.net Telephone: 239.222.1012
Patricia, a native of Florida, is daughter of a career U.S. Army officer and lived in many places in the United State and abroad. Some of her activities:

attended the University of Maryland and the University of Florida.

was the Project Manager for Cumberland Circle in Gainesville, Florida and supervised the builders, landscapers and venders. She also sold the homes and helped the buyers make their selections.

was a Real Estate broker for many years in Gainesville, Florida.

was a Lee County Master Gardener and has given talks on various topics, worked at Lakes Park giving tours and talks.

past president of the James Hendry Hibiscus Society in Lee County and is an expert on hibiscus care.

a Florida Naturalist and has spent many hours learning about our local nature.

a nature tour guide on the Shell Point tour boat for 15 years and narrates tours around the Lee County area.

was Regent of the Coral Gables DAR and is a member of the Henry Samson Colony of the Mayflower Society and of the Caloosahatchee Chapter, DAR.

worked for J C Penney, Burdines and Bloomingdale’s as a custom designer.

was an Elderhostel Coordinator for Barry University and traveled with about
50 adults to various sites.

was a volunteer at the Lakes Park Library. She was a Hope Hospice volunteer.

owns 5 townhouses in Sail Harbour which she manages as well as lives here year round.

as a gardener, she likes to weed and prune and spray for bugs!

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 13, 2023

CALL TO ORDER

The November 13, 2023, Regular Board Meeting of the Sail Harbour Community Development District (the “District”) was called to order at 6:00 p.m. at the Hilton Garden Inn located at 12600 University Drive, Fort Myers, Florida 33907.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Fort Myers News-Press on September 29, 2023, as part of the District’s Fiscal Year 2023/2024 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was noted that a quorum was established by the presence of:

Chairperson | Marge Howerton | Present
Vice Chairperson | Susan Balaun | Present
Supervisor | Richard Balaun | Present
Supervisor | Vacant |
Supervisor | Irene Imbasciani | Present

Staff members in attendance were:

District Manager | Kathleen Meneely | Special District Services
District Counsel | Ginger Wald (via phone) | Billing,	Cochran,	Lyles, Mauro & Ramsey, P.A.
District Engineer | Brent Burford (via phone) | Johnson Engineering, Inc.

ADDITIONS OR DELETIONS TO AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
August 14, 2023, Public Hearing & Regular Board Meeting

The minutes of the August 14, 2023, Regular Board Meeting were presented for consideration.

Page 1 of 3

A motion was made by Ms. Balaun seconded by Ms. Imbasciani and passed unanimously approving the minutes of the August 14, 2023, Public Hearing & Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2023-05 – Adopting a Fiscal Year 2022/2023 Amended Budget

Resolution No. 2023-05 was presented, entitled:

RESOLUTION NO. 2023-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2022/2023 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Ms. Balaun, seconded by Mr. Balaun and passed unanimously adopting Resolution No. 2023-03, as presented.

Discussion Regarding Clogged French Drains

Ms. Howerton advised that this issue was brought up by homeowners regarding the drains from the front of the roofs between the home and the stormwater ditches being clogged. She indicated that it was causing silting in the driveways. Mr. Burford advised that they take a look at these each year and that the stormwater system was draining well. He further stated that he could look at the downspouts from the home, if he gets a specific address(es). Ms. Howerton stated she would get Mr. Burford those addresses. Mr. Burford added that there were no ownership maps to downspout connection, and it is probably an HOA or homeowner issue.

Discussion Regarding District Fencing Project Authority

Ms. Howerton advised that the HOA wants to put a fence at the north end of the property to keep youngsters from walking through private yards. She noted that Eagle Fencing was trying to permit the project and the CDD name is on one area and Sail Harbour is on the other. She showed the contractor the agreement between the CDD and Sail Harbour to maintain the common area, but they still are seeking CDD approval. Ms. Wald indicated that she would review the documents and may need to develop a license agreement with the HOA if it is on CDD property. She requested the specific location of the fence and the documents that require signature.

After discussion, a motion was made by Mr. Balaun, seconded by Ms. Balaun and passed unanimously directing the attorney to draft a license agreement, or any other legal agreement required for the project, to be signed by the Chair and ratified at a future meeting. Said agreement is to include reimbursement for attorney fees by the HOA for their fencing request.
Page 2 of 3

The Regular Board Meeting was then recessed and a meeting of the Auditor Selection Committee was opened.

AUDITOR SELECTION COMMITTEE
Ranking of Proposals/Consider Selection of an Auditor

Ms. Wald noted that only one qualified proposal had been received from Grau & Associates; therefore the ranking of the proposal process is waived.

A motion was made by Ms. Balaun, seconded by Ms. Imbasciani and passed unanimously selecting Grau & Associates as the District’s auditor.

ADMINISTRATIVE MATTERS
Engineer’s Report

There was no Engineer’s Report at this time.

Financials

Ms. Meneely went over the financials. The Board Members had no questions.

Ms. Meneely went over the upcoming meeting schedule with the proposed budget being presented in March. There was a consensus of the Board to send an inquiry for the February meeting and if there are no pressing items, to cancel it.

Update on Filling Board Vacancy

Ms. Wald stated the seat should be filled in 90 days and requested continued due diligence to fill the vacancy. She went over the requirements to serve on the CDD Board. Ms. Howerton stated she would bring the issue up at the next HOA meeting.

BOARD MEMBER COMMENTS
There were no further comments from the Board Members.
ADJOURNMENT
There being no further business to come before the Board, a motion was made by Ms. Imbasciani, seconded by Mr. Balaun and passed unanimously adjourning the Regular Board Meeting at 6:57 p.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 3 of 3

RESOLUTION NO. 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Sail Harbour Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2024/2025 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for August 12, 2024 at 6:00 p.m. in the Hilton Garden Inn, 12600 University Drive, Fort Myers, Florida 33907, for the purpose of receiving public comments on the Proposed Fiscal Year 2024/2025 Budget.

PASSED, ADOPTED and EFFECTIVE this 8^th day of April, 2024.

ATTEST:	SAIL HARBOUR
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Sail Harbour Community Development District

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

CONTENTS

PROPOSED BUDGET

II	DETAILED PROPOSED BUDGET

Ill	DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES

FISCAL YEAR 2024/2025
BUDGET

0 & M Assessments | 68,782
Debt Assessments | 509,434
Other Revenues | 0
Interest Income | 960
TOTAL REVENUES | $	^579,176
EXPENDITURES |
Supervisor Fees | 7,000
Payroll Taxes (Em | oyer) | 560
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 | 3,500
Arbitrage Rebate Fee | 500
Travel | 500
Insurance | 6,600
Legal Advertisements | 1,400
Miscellaneous | 1,350
Postage | 350
Office Sup | ies | 450
Dues & Subscriptions | 175
Trustee Fee | 4,400
Website Management | 1,500
TOTAL EXPENDITURES | $	91,285
REVENUES LESS EXPENDITURES | $	487,891
Bond Payments | (478,868)
BALANCE | $	9,023
County Appraiser & Tax Collector Fee | (11,564)
Discounts For Early Payments | (23,129)
EXCESS/ (SHORTFALL) | $	^(25,670)
Carryover Funds From Prior Year | 25,670
NET EXCESS/ (SHORTFALL) | $

DETAILED PROPOSED BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES

FISCAL YEAR 2022/2023
ACTUAL

FISCAL YEAR 2023/2024
BUDGET

FISCAL YEAR 2024/2025
BUDGET

COMMENTS

0 & M Assessments | 70,458 | 68,798 | 68,782 | Expenditures Less Interest & Carryover/.94
Debt Assessments | 509,437 | 509,434 | 509,434 | Bond Payments/.94
Other Revenues | 0 | 0 | 0 |
Interest Income | 3,603 | 480 | 960 | Interest Projected At $80 Per Month
TOTAL REVENUES | $	583,498 | $	578,712 | $	579,176 |
EXPENDITURES | | | |
Supervisor Fees | 2,600 | 8,000 | 7,000 | Supervisor Fees
Payroll Taxes (Em | ayer) | 199 | 640 | 560 | 8% Of Supervisor Fees
Engineering/Inspections | 4,263 | 6,500 | 6,500 | No Change From 2023/2024 Budget
Pipe & Miscellaneous Maintenance | 3,438 | 20,000 | 20,000 | Pipe & Miscellaneous Maintenance
Stormwater Videotaping | 0 | 2,000 | 2,000 | No Change From 2023/2024 Budget
Management | 24,000 | 24,000 | 24,000 | No Change From 2023/2024 Budget
Legal | 4,623 | 5,500 | 5,500 | No Change From 2023/2024 Budget
Assessment Roll | 5,000 | 5,000 | 5,000 | No Change From 2023/2024 Budget
Audit Fees | 3,800 | 3,900 | 3,500 | Accepted Amount For 2023/2024 Audit
Arbitrage Rebate Fee | 500 | 500 | 500 | No Change From 2023/2024 Budget
Travel | 124 | 500 | 500 | No Change From 2023/2024 Budget
Insurance | 6,134 | 6,600 | 6,600 | Fiscal Year 2023/2024 Expenditure Was $6,134
Legal Advertisements | 1,377 | 1,350 | 1,400 | $50 Increase From 2023/2024 Budget
Miscellaneous | 643 | 1,400 | 1,350 | $50 Decrease From 2023/2024 Budget
Postage | 129 | 350 | 350 | No Change From 2023/2024 Budget
Office Supplies | 184 | 475 | 450 | $25 Decrease From 2023/2024 Budget
Dues & Subscriptions | 175 | 175 | 175 | No Change From 2023/2024 Budget
Trustee Fee | 4,337 | 4,400 | 4,400 | No Change From 2023/2024 Budget
Website Management | 1,500 | 1,500 | 1,500 | No Change From 2023/2024 Budget
TOTAL EXPENDITURES | $	^63,026 | $	^92,790 | $	^91,285 |
REVENUES LESS EXPENDITURES | $	^520,472 | $	^485,922 | $	^487,891 |
Bond Payments | (488,886) | (478,868) | (478,868) | 2025 Principal & Interest Payments
BALANCE | $	^31,586 | $	^7,054 | $	^9,023 |
County Appraiser & Tax Collector Fee | (1,012) | (11,565) | (11,564) | Two Percent Of Total Assessment Roll
Discounts For Early Payments | (22,168) | (23,129) | (23,129) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	8,406 | $	(27,640) | $	(25,670) |
Carryover Funds From Prior Year | 0 | 27,640 | 25,670 | Carryover Funds From Prior Year
NET EXCESS/ (SHORTFALL) | $	8,406 | $	_- | $ |

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES | FISCAL YEAR 2022/2023 ACTUAL | FISCAL YEAR 2023/2024 BUDGET | FISCAL YEAR 2024/2025 BUDGET | COMMENTS
Interest Income | 18,267 | 100 | 100 | Projected Interest For 2024/2025
NAV Tax Collection | 488,886 | 478,868 | 478,868 | Yearly Maximum Debt Assessment
Prepaid Bond Collection | 0 | 0 | 0 |
Total Revenues | $	507,153 | $	478,968 | $	478,968 |
EXPENDITURES | | | |
Principal Payments | 305,000 | 315,000 | 315,000 | Principal Payment Due In 2025
Interest Payments | 180,128 | 163,662 | 163,662 | Interest Payments Due In 2025
Bond Redemption | 0 | 306 | 306 | Estimated Excess Debt Collections
Total Expenditures | $	485,128 | $	478,968 | $	478,968 |
Excess/ (Shortfall) | $	22,025 | ^$	- | $ |

Series 2015 Bond Refunding Information

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

$6,775,000 3.60%
February 2015
May 2036

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/24 =	$4,630,000

3/30/2024 5:47 PM	^111	_Page _11

Sail Harbour Community Development District Assessment Comparison

Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
2020/2021 | 2021/2022 | 2022/2023 | 2023/2024 | 2024/2025
Assessment | Assessment | Assessment | Assessment | Projected Assessment
Before Discount* | Before Discount* | Before Discount* | Before Discount* | Before Discount*
O&M | $	145.60 | | $	145.57 | | $	145.51 | | $	145.46 | | $	145.42
Debt | $	1,079.31 | | $	1,079.31 | | $	1,079.31 | | $	1,079.31 | | $	1,079.31
Total | $	1,224.91 | | $	1,224.88 | | $	1,224.82 | | $	1,224.77 | | $	1,224.73

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

Community Information: Total Units Prepayments
Billed for Debt

473
1
472

3/30/2024 5:47 PM	^IV

JOHNS$N	^SINCE  ^1946
ENGINEERING
March I I, 2024

Ms. Kathleen Meneely District Manager
Sail Harbour CDD
do Special District Services, Inc. 250 I Burns Road, Suite A
Palm Beach Gardens, FL 33410

Re:	Johnson Engineering, Inc. - New Rate Schedule Dear Ms. Meneely and Board of Supervisors:

Delivered via kmeneely@sdsinc.org

Like many firms, we try to absorb increased expenses on a yearly basis. However, rising labor, health care, home and fuel costs have exceeded everyone's expectations, especially here in Southwest Florida. Revising our rates has also become necessary for us to retain and attract employees with the level of professional expertise that you have come to expect from us.

Attached is our new rate schedule that went into effect on September 6, 2023. Our master contract allows us to take a fee modification before the Board once a year. We believe our new rates continue to remain competitive with that of other top-tier consulting firms. We would appreciate it if this could be addressed at the Board Meeting on May 6, 2024, for implementation upon Board approval.

After 77 years, our firm's focus remains the same and that is your satisfaction. The community is important to us and if there is anything we can do better to help you, please let us know.

Very truly yours,
JOHNSON ENGINEERING, INC.

(

Erik L. Howard, P.E., P.S.M.
For the firm

Attachment
20055591-00 I

2122 Johnson Street■ Fort Myers, Florida 33901 Phone: (239) 334-0046 ■ www.Jobnsonbnginecring.com

JOHNS$N	^SINCE ^1946
ENGINEERING
PROFESSIONAL SERVICES HOURLY RATE SCHEDULE
September 6, 2023

Professional
9
8
7
6
5
4
3
2
I

Technician
6
5
4
3
2

Construction Engineering and Inspection
_$330	(CEI Services)
_$270	CEI Services Manager	_$204
_$248	CEI Senior Project Administrator	_$182
_$220	CEI Project Administrator	_$165
_$193	Contract Support Specialist	_$138
_$176	Senior Inspector	_$127
_$165	CEI Inspector Ill	_$116
_$138	CEI Inspector II	_$105
_$127	CEI Inspector I	_$94
Compliance Specialist	_$105
CEI Inspector's Aide	_$77
$182
$154
$132
$110
$88
$77

Administrative
3
2

$105
$94
$77

Field Crew
4-Person 3-Person 2-Person

$270
$231
$182

Field Equipment
Field Equipment on Separate Schedule
Expert Witness	$440

Reimbursable Expenses
and Sub-Consultants

Cost+ 10%

Corporate Headquarters: 2122 Johnson Street, Fort Myers, Florida 3390I ■Phone: (239) 334-0046
www.JohnsonEnginccring.com

Sail Harbour Community Development District

Financial Report For March 2024

Sail Harbour Community Development District Balance Sheet
As of March 31, 2024

Operating Fund	Capital Projects Fund	Debt Service Fund	General Fixed Assets Fund	Long Term Debt Fund	TOTAL
ASSETS Current Assets Checking/Savings Checking Account | 77,460.26 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 77,460.26
Money Market Account | 132,898.10 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 132,898.10
Total Checking/Savings | 210,358.36 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 210,358.36
Total Current Assets | 210,358.36 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 210,358.36
Fixed Assets Earthwork | 0.00 | | 0.00 | | 0.00 | | 547,952.00 | | 0.00 | | 547,952.00
Surface Water Management | 0.00 | | 0.00 | | 0.00 | | 889,049.00 | | 0.00 | | 889,049.00
Land Acquisition | 0.00 | | 0.00 | | 0.00 | | 3,267,406.00 | | 0.00 | | 3,267,406.00
Accum Depree - Surface Water Mgt | 0.00 | | 0.00 | | 0.00 | | -377,842.00 | | 0.00 | | -377,842.00
Total Fixed Assets | 0.00 | | 0.00 | | 0.00 | | 4,326,565.00 | | 0.00 | | 4,326,565.00
Other Assets Accounts Receivable | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00
Investments - Interest Account | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00
Investments - Reserve Account | 0.00 | | 0.00 | | 191,751.60 | | 0.00 | | 0.00 | | 191,751.60
Investments - Revenue Account | 0.00 | | 0.00 | | 591,198.20 | | 0.00 | | 0.00 | | 591,198.20
Investments - Prepayment Accounl | 0.00 | | 0.00 | | 3,509.27 | | 0.00 | | 0.00 | | 3,509.27
Investments - Sinking Fund | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00
A/R Non Ad Valorem Receipts | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00
Amount Available In DSF | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 786,459.07 | | 786,459.07
Amount To Be Provided | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 3,843,540.93 | | 3,843,540.93
Total Other Assets | 0.00 | | 0.00 | | 786,459.07 | | 0.00 | | 4,630,000.00 | | 5,416,459.07
TOTAL ASSETS | 210,358.36 | | o.oo | | 786,459.07 | | 4,326,565.00 | | 4,630,000.00 | | 9,953,382.43
LIABILITIES & EQUITY | | | | | | | | | | |
Liabilities Current Liabilities Accounts Payable Accounts Payable | 6,467.49 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 6,467.49
Total Accounts Payable | 6,467.49 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 6,467.49
Total Current Liabilities | 6,467.49 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 6,467.49
Long Term Liabilities Special Assessment Debt | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 4,630,000.00 | | 4,630,000.00
Total Long Term Liabilities | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 4,630,000.00 | | 4,630,000.00
Total Liabilities | 6,467.49 | | 0.00 | | 0.00 | | 0.00 | | 4,630,000.00 | | 4,636,467.49
Equity Retained Earnings | 168,614.39 | | 0.00 | | 432,493.42 | | -377,842.00 | | 0.00 | | 223,265.81
Net Income | 35,276.48 | | 0.00 | | 353,965.65 | | 0.00 | | 0.00 | | 389,242.13
Current Year Depreciation | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00
Investment In General Fixed Assets | 0.00 | | 0.00 | | 0.00 | | 4,704,407.00 | | 0.00 | | 4,704,407.00
Total Equity | 203,890.87 | | 0.00 | | 786,459.07 | | 4,326,565.00 | | 0.00 | | 5,316,914.94
TOTAL LIABILITIES & EQUITY | 210,358.36 | | 0.00 | | 786,459.07 | | 4,326,565.00 | | 4,630,000.00 | | 9,953,382.43

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2024

REVENUES

Annual Budget
10/1/23 - 9/30/24

Actual Mar-24

Year To Date Actual
10/1/23 - 3/31/24

0 & M Assessments | 68,798 | 0 | 63,269
Debt Assessments | 509,434 | 0 | 468,405
Other Revenues | 0 | 0 | 0
Interest Income | 480 | 0 | 2,518
Total Revenues | $	578,712 | $ | $	534,192
EXPENDITURES | | |
Supervisor Fees | 8,000 | 0 | 800
Payroll Taxes (Em | ayer) | 640 | 0 | 61
Engineering/Inspections | 6,500 | 0 | 480
Pipe Maintenance/Re | acement | 20,000 | 0 | 0
Stormwater Videotaping | 2,000 | 0 | 0
Management | 24,000 | 2,000 | 12,000
Legal | 5,500 | 0 | 2,131
Assessment Roll | 5,000 | 0 | 0
Audit Fees | 3,900 | 0 | 0
Arbitrage Rebate Fee | 500 | 0 | 0
Travel | 500 | 0 | 42
Insurance | 6,600 | 0 | 6,134
Legal Advertisements | 1,350 | 0 | 0
Miscellaneous | 1,400 | 0 | 847
Postage | 350 | 0 | 35
Office Sup | ies | 475 | 6 | 109
Dues & Subscriptions | 175 | 0 | 175
Trustee Fee | 4,400 | 0 | 4,337
Website Management | 1,500 | 125 | 751
Total Expenditures | $	92,790 | $	2,131 | $	27,902
Revenues Less Expenditures | $	485,922 | $	(2,131) | $	506,290
Bond Payments | (478,868) | 0 | (449,093)
BALANCE | $	7,054 | $	(2,131) | $	57,197
County Appraiser & Tax Collector Fee | (11,565) | 0 | (1,343)
Discounts For Early Payments | (23,129) | 0 | (20,577)
EXCESS/ (SHORTFALL) | $	(27,640) | $	(2,131) | $	35,277
Carryover Funds From Prior Year | 27,640 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	_- | $	(2,131) | $	35,277

Bank Balance As Of 3/31/24 | $	210,358.36
Accounts Payable As Of 3/31/24 | $	6,467.49
Accounts Receivable As Of 3/31/24 | $
Available Funds As Of 3/31/24 | $	203,890.87

Note: Bank Balance Includes Money Market Fund
Balance As Of 3/31/24: $132,898.10

SH Monthly Financial Report March 2024	_Page _17,,9AM

Sail Harbour Community Development District
Budget vs. Actual
October 2023 through March 2024

Oct '23 - Mar 24	23/24 Budget	$ Over Budget	% of Budget
			
Income

363.100 • 0 & M Assessments | 63,269.02 | | 68,798.00 | | -5,528.98 | | 91.96%
363.810 • Debt Assessments | 468,404.60 | | 509,434.00 | | -41,029.40 | | 91.95%
363.820 • Debt Assessment-Paid To Trustee | -449,092.95 | | -478,868.00 | | 29,775.05 | | 93.78%
363.830 • Assessment Fees | -1,343.32 | | -11,565.00 | | 10,221.68 | | 11.62%
363.831 • Assessment Discounts | -20,576.97 | | -23,129.00 | | 2,552.03 | | 88.97%
369.401 • Interest Income | 2,517.70 | | 480.00 | | 2,037.70 | | 524.52%
369.402 • Carryover From Prior Year | 0.00 | | 27,640.00 | | -27,640.00 | | 0.0%
Total Income | 63,178.08 | | 92,790.00 | | -29,611.92 | | 68.09%
Gross Profit | 63,178.08 | | 92,790.00 | | -29,611.92 | | 68.09%
Expense | | | | | | |
511.122 • Payroll Expense | 61.20 | | 640.00 | | -578.80 | | 9.56%
511.131 • Supervisors Fee | 800.00 | | 8,000.00 | | -7,200.00 | | 10.0%
511.310 • Engineering | 480.00 | | 6,500.00 | | -6,020.00 | | 7.39%
511.311 • Management Fees | 12,000.00 | | 24,000.00 | | -12,000.00 | | 50.0%
511.315 • Legal Fees | 2,130.50 | | 5,500.00 | | -3,369.50 | | 38.74%
511.318 • Assessment/Tax Roll | 0.00 | | 5,000.00 | | -5,000.00 | | 0.0%
511.320 • Audit Fees | 0.00 | | 3,900.00 | | -3,900.00 | | 0.0%
511.330 • Arbitrage Rebate Fee | 0.00 | | 500.00 | | -500.00 | | 0.0%
511.441 • Travel | 41.92 | | 500.00 | | -458.08 | | 8.38%
511.450 • Insurance | 6,134.00 | | 6,600.00 | | -466.00 | | 92.94%
511.480 • Legal Advertisements | 0.00 | | 1,350.00 | | -1,350.00 | | 0.0%
511.512 • Miscellaneous | 847.15 | | 1,400.00 | | -552.85 | | 60.51%
511.513 • Postage and Delivery | 35.49 | | 350.00 | | -314.51 | | 10.14%
511.514 • Office Supplies | 109.40 | | 475.00 | | -365.60 | | 23.03%
511.540 • Dues, License & Subscriptions | 175.00 | | 175.00 | | 0.00 | | 100.0%
511.550 • Pipe Maintenance/Replacement | 0.00 | | 20,000.00 | | -20,000.00 | | 0.0%
511.551 • Stormwater Videotaping | 0.00 | | 2,000.00 | | -2,000.00 | | 0.0%
511.733 • Trustee Fees | 4,336.94 | | 4,400.00 | | -63.06 | | 98.57%
511.750 • Website Management | 750.00 | | 1,500.00 | | -750.00 | | 50.0%
Total Expense | 27,901.60 | | 92,790.00 | | -64,888.40 | | 30.07%
Net Income | 35,276.48 | | 0.00 | | 35,276.48 | | 100.0%

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