SAIL HARBOUR COMMUNITY DEVELOPMENT
DISTRICT

LEE COUNTY Regular Board Meeting
APRIL 14, 2025
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 14, 2025
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
March 10, 2025 Regular Board Meeting	Page 4
Old Business
Update on Pipe TV-ing
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget	Page 7
Consider Resolution No. 2025-02 – Registered Agent Change	Page 15
Administrative Matters
Engineer’s Report
Manager’s Report
Financials	Page 17
Board Member Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LocaliQ
Florida
GANNETT

PO Box 631244 Cincinnati, OH 45263-1244

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025

DrSTRICT SAIL HARBOUR COM DEV
C/O Special District Serv Accts Payable Sail 1-larbour Com Dev District
2501 BURNS RD STEA
PALM BEACH GARDENS FL 33410-5207

REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN tho!
the Boord of Supervisors of the Soil Harbour Community Development District will hold Regular Meetings in o Meeting Room ot the Hilton Gorden Inn located at 12600 Univer­ sity Drive, Fort Myers, Florido 33907 ot 6:00 p.m. on the following dotes:

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Advertising Representative 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 Public Notices, was published on the publicly accessible website of Lee County, Florida, or in a newspaper by print in the issues of, on:

09/30/2024

Affiant further says that the website or newspaper complies with all legal requi ements for publica ion in chapter 50, Florida Statutes.
Subscribed	e legal clerk, who

is personal!

My commission expires

Publication Cost:	$235.22		
Tax Amount:	$0.00		
Payment Cost:	$235.22		
Order No:	10600837	# of Copies:	
Customer No:	1124397	1	
PO#:			
THIS IS Nffr AN INVOICE!
Please da not use this form for payment remitfance.

October 14, 2024
January 13, 2025
March 10, 2025
April 14, 2025
June 9, 2025
August 11, 2025
The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to 1I,e public and will be conducted in accordance with the provisions of Florido low. Copies of the Agendas for any of the meetings may be obtained from the District's website or by contacting the District Manager of (561) 630-4922 ond/or toll free of 1-877-737-4922 prior to the dote of the particular meeting.
From time to time one or more Supervisors may participate bY tele­ phone; therefore a speaker tele­ phone will be present at 1he meeting location so that Supervisors may be fully informed of the discussions taking place. Mee1ings moy be continued os found necessary to a time and place specified on the record.
If any person decides to appeol any decision made with respect to any matter considered at these meet­ ings, such person will need a record of the proceedings and such person may need ta ensure that a verbatim record of the proceedings is mode at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In occardonce with the provisions of the Americans with Disabilities Act, any person requiring special accom­ modations or on interpreter to participate at ony of these meetings should contact 1he District Manager at (561) 630-4922 ond/or toll-free of 1-
877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time ta time without advertised notice.
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT
www.sailharbourcdd.org
September 30, 2024

NICOLE JACOBS
Notary Public State of Wisconsin

Page 1 of 1

Joel Frank
5410 SW. 22nd Ave.
Cape Coral, Florida
33914
239-850-1830
Jfrank2525@yahoo.com

Objective
As a seasoned retired corporate executive I seek to transfer a wealth of knowledge by teaching, coaching and training the next generation of business management, the art of Business Strategies and Tactics, Business Planning, Sales and Marketing. My career has been spent on innovative conceptualization and tactical execution of strategic business plans, marketing plans, sales and distribution plans and the ensuing results based implementation. These plans have been designed and executed successfully in both new territory and business start-up strategies, and existing business expansion plans. I am well versed in creating, implementing and managing marketing and distribution strategies including the training and motivating of new and experienced staff.

Employment History

Insurance Regional Vice President
2 – 2000 to 12 - 2010 Premier Financial Services., South Florida
Wholesale insurance agents and advisors
Assist advisors in retail sales
Business and Marketing planning for South Florida
Vice President of Sales
[Dates of employment] Liz Claiborne, New York, NY
Increased sales volume from 200 million per year to over 2 billion in sales per year
Created specialty store sales strategy
Created and ran LizWear a division of Liz Claiborne
National Sales Manager
[Dates of employment] Fairfield Knitwear Corporation, New York, NY
Built and Managed national sales-force plan
Teacher
[Dates of employment] Public School 106, Bronx, NY
Teacher and Athletic Coach

Education
1967 Hunter College, New York
BA in Economics and Business Managment

Other Experience
Teaching at all levels, elementary through college
Executive responsibilities in both the private and public corporate sectors
Small business owner
Consultant and business coach

References
References are available on request.

From: HARRY SCHILL <h_schill3@verizon.net>
Sent: Thursday, April 3, 2025 8:40 PM
To: Kathleen Meneely <kmeneely@sdsinc.org>
Subject: CDD

Ms. Meneely, I understand that there is a vacancy on the CDD. I am a retired Presbyterian minister who, with my wife Janet, has lived in Sail Harbour since 2008. I wish to be considered for the vacancy.

Harry J. Schill III
16001 Via Soler Circle, 105 Sent from AOL on Android

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 10, 2025

CALL TO ORDER

The March 10, 2025, 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 30, 2024, as part of the District’s Fiscal Year 2024/2025 Meeting Schedule, as legally required.

ADMINISTER OATH OF OFFICE

Ms. Meneely administered the Oath of Office to Kathy Jones.

ESTABLISH A QUORUM

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

Chairperson	Susan Balaun	Present	
Vice Chairperson	Patricia Myers	Present	
Supervisor	Vacant		
Supervisor	Kathy Jones	Present	
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	Mark Zordan	Johnson Engineering, Inc.	

Also present were District residents John and June Gill.

DECLARE A VACANCY IN SEAT #5

A motion was made by Ms. Balaun, seconded by Ms. Myers and passed unanimously declaring a vacancy in Seat #5 that was previously held by Irene Imbasciani.

CONSIDER APPOINTMENT TO VACANCY IN SEAT #5 AND ADMINISTER OATH OF OFFICE

Page 1 of 3

A motion was made by Ms. Jones, seconded by Ms. Balaun and passed unanimously appointing Irene Imbasciani to Seat #5.

Ms. Wald went over the responsibilities and duties and rules of the position.

DECLARE VACANCY IN SEAT #4

Ms. Balaun stated that her husband and Board Member, Richard “Duke” Balun, had lost his battle with heart disease on Christmas Eve. The other Board Members expressed their condolences.

A motion was then made by Ms. Myers, seconded by Ms. Imbasciani and passed unanimously declaring a vacancy in Seat #4.

CONSIDER	APPOINTMENT	TO	SEAT	#4/DISCUSSION	ON	FILLING VACANCY

Ms. Wald went over the requirements for being a Board Member. After discission, it was the consensus of the Board to search for residents interested in serving on the CDD Board and to have them send a letter of interest and resume to Ms. Meneely for consideration at a future meeting.

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
November 4, 2024, Regular Board Meeting

A motion was made by Ms. Balaun, seconded by Ms. Myers and passed unanimously approving the minutes of the November 4, 2024, Regular Board Meeting, as presented.

OLD BUSINESS
Update on Pipe Tv-ing

Mr. Zordan advised that the project was 90% completed and it was hoped to be completed within the next two weeks. There was a consensus of the Board to extend the timeframe of the contract if necessary. He explained how concrete chunks had been found in the pumps and there was general discussion on the finding as well as the flooding during the cleaning. Mr. Zordan stated that the contractor did break a concrete lid to a manhole and would be replacing it but otherwise not one thing was wrong with the pipes and structures. Ms. Balaun expressed support for continuing the maintenance program into future budget years for the other phases of the community. Ms. Meneely stated she would get with Mr. Zordan to obtain an appropriate number for the upcoming budget in order to continue the program.

NEW BUSINESS

There were no New Business items to come before the Board.
Page 2 of 3

ADMINISTRATIVE MATTERS
Engineer’s Report

The Engineer had nothing further to report.

Manager’s Report

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

Ms. Meneely went over the meeting schedule of: April 14, 2025, which will include the proposed budget for consideration. She also noted that there were meetings scheduled for June 9, 2025, and August 11, 2025, with the budget Public Hearing scheduled for August.

Ms. Meneely indicated that with the newly appointed Board Members it was necessary to elect officers of the District.

A motion was made by Ms. Jones, seconded by Ms. Balaun and passed unanimously keeping the current slate of officers with Ms. Balaun as Chair, Ms. Myers as Vice-Chair and the remaining Board Members being designated as Assistant Secretaries.

BOARD MEMBER COMMENTS

Ms. Myers asked about fishing not being allowed in the lakes. Ms. Jones stated that the Master Association owned the lakes so it was an issue for them, not the CDD. Mr. Gill added that there was a risk of gators in the pond which is why there had always been no fishing in the lakes.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Myers, seconded by Ms. Imbasciani and passed unanimously adjourning the Regular Board Meeting at 6:39 p.m.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 3 of 3

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; 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 2025/2026 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 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for August 11, 2025 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 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 14th day of April, 2025.

ATTEST:	SAIL HARBOUR
COMMUNITY DEVELOPMENT DISTRICT

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

Sail Harbour Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

DETAILED PROPOSED BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O & M Assessments	68,771	
Debt Assessments	509,434	
Other Revenues	0	
Interest Income	1,440	
		
TOTAL REVENUES	$	579,645	
		
EXPENDITURES		
Supervisor Fees	7,000	
Payroll Taxes (Employer)	560	
Engineering/Inspections	12,500	
Pipe & Miscellaneous Maintenance	37,500	
Stormwater Videotaping	5,000	
Management	24,000	
Legal	6,500	
Assessment Roll	5,000	
Audit Fees	3,600	
Arbitrage Rebate Fee	500	
Travel	500	
Insurance	6,800	
Legal Advertisements	1,350	
Miscellaneous	2,500	
Postage	325	
Office Supplies	425	
Dues & Subscriptions	175	
Trustee Fee	4,400	
Website Management	1,500	
		
TOTAL EXPENDITURES	$	120,135	
		
REVENUES LESS EXPENDITURES	$	459,510	
		
Bond Payments	(478,868)	
		
BALANCE	$	(19,358)	
		
County Appraiser & Tax Collector Fee	(11,564)	
Discounts For Early Payments	(23,128)	
		
EXCESS/ (SHORTFALL)	$	(54,050)	
		
Carryover Funds From Prior Year	54,050	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O & M Assessments	70,810	68,782	68,771	Expenditures Less Interest & Carryover/.94	
Debt Assessments	509,435	509,434	509,434	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	5,875	960	1,440	Interest Projected At $120 Per Month	
					
TOTAL REVENUES	$	586,120	$	579,176	$	579,645		
					
EXPENDITURES					
Supervisor Fees	2,400	7,000	7,000	Supervisor Fees	
Payroll Taxes (Employer)	184	560	560	8% Of Supervisor Fees	
Engineering/Inspections	18,798	6,500	12,500	FY 24/25 Expenditure Through Feb 25 Was $3,843	
Pipe & Miscellaneous Maintenance	0	20,000	37,500	Pipe & Miscellaneous Maintenance	
Stormwater Videotaping	0	2,000	5,000	$3,000 Increase From 2024/2025 Budget	
Management	24,000	24,000	24,000	No Change From 2024/2025 Budget	
Legal	6,462	5,500	6,500	FY 24/25 Expenditure Through Feb 25 Was $2,840	
Assessment Roll	5,000	5,000	5,000	No Change From 2024/2025 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	500	500	500	No Change From 2024/2025 Budget	
Travel	128	500	500	No Change From 2024/2025 Budget	
Insurance	6,134	6,600	6,800	Fiscal Year 2024/2025 Expenditure Was $6,379	
Legal Advertisements	859	1,400	1,350	$50 Decrease From 2024/2025 Budget	
Miscellaneous	2,473	1,350	2,500	Includes Meeting Room Fees	
Postage	145	350	325	$25 Decrease From 2024/2025 Budget	
Office Supplies	244	450	425	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,337	4,400	4,400	No Change From 2024/2025 Budget	
Website Management	1,500	1,500	1,500	No Change From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	76,739	$	91,285	$	120,135		
					
REVENUES LESS EXPENDITURES	$	509,381	$	487,891	$	459,510		
					
Bond Payments	(490,037)	(478,868)	(478,868)	2026 Principal & Interest Payments	
					
BALANCE	$	19,344	$	9,023	$	(19,358)		
					
County Appraiser & Tax Collector Fee	(1,167)	(11,564)	(11,564)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(20,675)	(23,129)	(23,128)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(2,498)	$	(25,670)	$	(54,050)		
					
Carryover Funds From Prior Year	0	25,670	54,050	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(2,498)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
24,563	
100	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
490,037	
478,868	
478,868	
Yearly Maximum Debt Assessment	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	514,600	
$	478,968	
$	479,868		

EXPENDITURES					

Principal Payments	
315,000	
315,000	
340,000	
Principal Payment Due In 2026	

Interest Payments	
169,458	
163,662	
138,379	
Interest Payments Due In 2026	

Bond Redemption	
0	
306	
1,489	
Estimated Excess Debt Collections	

Total Expenditures	
$	484,458	
$	478,968	
$	479,868		

Excess/ (Shortfall)	
$	30,142	
$	-	
$	-		

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 1/1/25 =	May 2036

$4,315,000			

Sail Harbour Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
 Before Discount*	 Before Discount* 	 Before Discount* 	  Before Discount* 	  Before Discount* 	

O & M	$	145.57	$	145.51	$	145.46	$	145.42	$	145.40	
Debt	$	1,079.31	$	1,079.31	$	1,079.31	$	1,079.31	$	1,079.31	
Total	$	1,224.88	$	1,224.82	$	1,224.77	$	1,224.73	$	1,224.71	

* 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	

4/7/2025 1:55 PM	IV

YEAR 1 (2025) SUMMARY

Total Linear Feet of Pipe	3340.00	
Priority A-1 - 40% +	789.00	
Priority A-2 - 40% +	726.00	
Priority B - 25% +	1825.00	
Culverts to Clean	46	
Structures to Clean	42	

Total Linear Feet of Pipe	2502.00	
Culverts to Clean	25	
Structures to Clean	28	

YEAR 2 (2026) SUMMARY S-10 & S-43

YEAR 3 (2027) SUMMARY S-21
Total Linear Feet of Pipe	1944.00	
Culverts to Clean	16	
Structures to Clean	18	

YEAR 4 (2028) SUMMARY
S-29A, S-30, S-95A & S-55,S-97, S- 113, S-117
Total Linear Feet of Pipe	2015.00	
Culverts to Clean	20	
Structures to Clean	21	

Total Linear Feet of Pipe	1600.00	
Culverts to Clean	17	
Structures to Clean	19	

YEAR 5 (2029) SUMMARY S-106

RESOLUTION 2025-02

A RESOLUTION OF THE SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT DESIGNATING MICHAEL J. PAWELCZYK AS THE DISTRICT’S REGISTERED AGENT AND DESIGNATING THE OFFICE OF BILLING, COCHRAN, LYLES, MAURO & RAMSEY, P.A. AS THE REGISTERED OFFICE

WHEREAS, Section 189.014, Florida Statutes requires that the Sail Harbour Community Development District (the “District”) designate a registered office and a registered agent, and further authorizes the District to change its registered office and registered agent, at the discretion of the District Board of Supervisors (the “Board”); and

WHEREAS, the designation of both a registered office and a registered agent is for the purpose of accepting service of process, notice, or demand that is required or permitted by law to be served upon the District; and

WHEREAS, the Board has been informed by the office of District Counsel that there is a need to designate a new registered agent for the District; and

WHEREAS, the Board seeks designate Michael J. Pawelczyk as the registered agent for the District, and update the business address of the registered office of the District, as necessary.

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

Section 1.	The foregoing recitals are hereby incorporated as findings of fact of the Board.

Section 2.  Michael J. Pawelczyk is hereby designated as the registered agent for the District, thereby replacing any previously designated registered agent.

Section 3.  The registered office of the District is hereby designated as the office at Billing, Cochran, Lyles, Mauro & Ramsey, P.A., 515 East Las Olas Boulevard, Suite 600, Fort Lauderdale, Florida 33301. The registered office is identical to the business address of the registered agent designated in Section 2 of this Resolution.

Section 4. Pursuant to the requirements of Section 189.014(2), Florida Statutes, the District’s Secretary shall transmit copies of this Resolution to the local governing authority or authorities and to the Florida Department of Economic Opportunity.

Section 5.  All resolutions or parts of resolutions in conflict herewith are repealed to the extent of such conflict.

1

Section 6.   If any clause, section or other part or application of this Resolution is held by a court of competent jurisdiction to be unconstitutional, illegal or invalid, in part or as applied, it shall not affect the validity of the remaining portions or applications of this Resolution.

Section 7.	This Resolution shall be effective immediately upon adoption.

PASSED AND ADOPTED THIS 14th DAY OF April, 2025.

ATTEST:

SAIL HARBOUR
COMMUNITY DEVELOPMENT DISTRICT

	

Print name: 		Print name: 	 Secretary/Assistant Secretary		Chair/Vice-Chair, Board of Supervisors

2

Sail Harbour Community Development District

Financial Report For March 2025

Sail Harbour Community Development District Balance Sheet
As of March 31, 2025

Operating Fund	Capital Projects Fund	Debt Service Fund	General Fixed Assets Fund	Long Term Debt Fund	TOTAL
     
ASSETS
Current Assets Checking/Savings
Checking Account	93,934.78		0.00		0.00		0.00		0.00		93,934.78	
Money Market Account	137,993.14		0.00		0.00		0.00		0.00		137,993.14	
Total Checking/Savings	231,927.92		0.00		0.00		0.00		0.00		231,927.92	
Total Current Assets	231,927.92		0.00		0.00		0.00		0.00		231,927.92	
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 Deprec - Surface Water Mgt	0.00		0.00		0.00		-400,068.00		0.00		-400,068.00	
Total Fixed Assets	0.00		0.00		0.00		4,304,339.00		0.00		4,304,339.00	
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		636,294.30		0.00		0.00		636,294.30	
Investments - Prepayment Account	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		831,555.17		831,555.17	
Amount To Be Provided	0.00		0.00		0.00		0.00		3,483,444.83		3,483,444.83	
Total Other Assets	0.00		0.00		831,555.17		0.00		4,315,000.00		5,146,555.17	
TOTAL ASSETS	231,927.92		0.00		831,555.17		4,304,339.00		4,315,000.00		9,682,822.09	
LIABILITIES & EQUITY												
Liabilities
Current Liabilities Accounts Payable
Accounts Payable	32,742.64		0.00		0.00		0.00		0.00		32,742.64	
Total Accounts Payable	32,742.64		0.00		0.00		0.00		0.00		32,742.64	
Total Current Liabilities	32,742.64		0.00		0.00		0.00		0.00		32,742.64	
Long Term Liabilities Special Assessment Debt	
0.00		
0.00		
0.00		
0.00		
4,315,000.00		
4,315,000.00	
Total Long Term Liabilities	0.00		0.00		0.00		0.00		4,315,000.00		4,315,000.00	
Total Liabilities	32,742.64		0.00		0.00		0.00		4,315,000.00		4,347,742.64	
Equity
Retained Earnings	
166,116.84		
0.00		
462,635.90		
-400,068.00		
0.00		
228,684.74	
Net Income	33,068.44		0.00		368,919.27		0.00		0.00		401,987.71	
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	199,185.28		0.00		831,555.17		4,304,339.00		0.00		5,335,079.45	
TOTAL LIABILITIES & EQUITY	231,927.92		0.00		831,555.17		4,304,339.00		4,315,000.00		9,682,822.09	

SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2025

REVENUES	
Annual Budget
10/1/24 - 9/30/25	

Actual Mar-25	Year To Date Actual
10/1/24 - 3/31/25	
O & M Assessments	68,782	1,787	65,230	
Debt Assessments	509,434	13,233	482,921	
Other Revenues	0	0	0	
Interest Income	960	0	2,112	
				
Total Revenues	$	579,176	$	15,020	$	550,263	
				
EXPENDITURES				
Supervisor Fees	7,000	400	1,000	
Payroll Taxes (Employer)	560	31	158	
Engineering/Inspections	6,500	0	3,843	
Pipe Maintenance/Replacement	20,000	0	0	
Stormwater Videotaping	2,000	0	0	
Management	24,000	2,000	12,000	
Legal	5,500	0	2,420	
Assessment Roll	5,000	0	0	
Audit Fees	3,500	0	0	
Arbitrage Rebate Fee	500	0	0	
Travel	500	0	0	
Insurance	6,600	0	6,379	
Legal Advertisements	1,400	0	218	
Miscellaneous	1,350	52	180	
Postage	350	0	66	
Office Supplies	450	2	94	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,400	0	4,337	
Website Management	1,500	124	750	
				
Total Expenditures	$	91,285	$	2,609	$	31,620	
				
Revenues Less Expenditures	$	487,891	$	12,411	$	518,643	
				
Bond Payments	(478,868)	(13,082)	(463,270)	
				
BALANCE	$	9,023	$	(671)	$	55,373	
				
County Appraiser & Tax Collector Fee	(11,564)	0	(1,343)	
Discounts For Early Payments	(23,129)	(171)	(20,962)	

EXCESS/ (SHORTFALL)	$	(25,670)	$	(842)	$	33,068	
				
Carryover Funds From Prior Year	25,670	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(842)	$	33,068	

Bank Balance As Of 3/31/25	$	231,927.92	
Accounts Payable As Of 3/31/25	$	32,742.64	
Accounts Receivable As Of 3/31/25	$	-	
Available Funds As Of 3/31/25	$	199,185.28	

Note: Bank Balance Includes Money Market Fund
Balance As Of 3/31/25: $137,993.14

Sail Harbour Community Development District
Profit & Loss Budget vs. Actual
October 2024 through March 2025

Oct 24 - March 25	24/25 Budget	$ Over Budget	% of Budget
			
Income

363.100 ꞏ O & M Assessments	65,229.79		68,782.00		-3,552.21		94.84%	
363.810 ꞏ Debt Assessments	482,921.00		509,434.00		-26,513.00		94.8%	
363.820 ꞏ Debt Assessment-Paid To Trustee	-463,269.95		-478,868.00		15,598.05		96.74%	
363.830 ꞏ Assessment Fees	-1,343.32		-11,564.00		10,220.68		11.62%	
363.831 ꞏ Assessment Discounts	-20,962.25		-23,129.00		2,166.75		90.63%	
369.401 ꞏ Interest Income	2,111.90		960.00		1,151.90		219.99%	
369.402 ꞏ Carryover From Prior Year	0.00		25,670.00		-25,670.00		0.0%	
Total Income	64,687.17		91,285.00		-26,597.83		70.86%	
Gross Profit	64,687.17		91,285.00		-26,597.83		70.86%	
Expense								
511.122 ꞏ Payroll Expense	157.30		560.00		-402.70		28.09%	
511.131 ꞏ Supervisors Fee	1,000.00		7,000.00		-6,000.00		14.29%	
511.310 ꞏ Engineering	3,842.50		6,500.00		-2,657.50		59.12%	
511.311 ꞏ Management Fees	12,000.00		24,000.00		-12,000.00		50.0%	
511.315 ꞏ Legal Fees	2,420.00		5,500.00		-3,080.00		44.0%	
511.318 ꞏ Assessment/Tax Roll	0.00		5,000.00		-5,000.00		0.0%	
511.320 ꞏ Audit Fees	0.00		3,500.00		-3,500.00		0.0%	
511.330 ꞏ Arbitrage Rebate Fee	0.00		500.00		-500.00		0.0%	
511.441 ꞏ Travel	0.00		500.00		-500.00		0.0%	
511.450 ꞏ Insurance	6,379.00		6,600.00		-221.00		96.65%	
511.480 ꞏ Legal Advertisements	218.32		1,400.00		-1,181.68		15.59%	
511.512 ꞏ Miscellaneous	179.89		1,350.00		-1,170.11		13.33%	
511.513 ꞏ Postage and Delivery	66.08		350.00		-283.92		18.88%	
511.514 ꞏ Office Supplies	93.70		450.00		-356.30		20.82%	
511.540 ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.550 ꞏ Pipe Maintenance/Replacement	0.00		20,000.00		-20,000.00		0.0%	
511.551 ꞏ Stormwater Videotaping	0.00		2,000.00		-2,000.00		0.0%	
511.733 ꞏ Trustee Fees	4,336.94		4,400.00		-63.06		98.57%	
511.750 ꞏ Website Management	750.00		1,500.00		-750.00		50.0%	
Total Expense	31,618.73		91,285.00		-59,666.27		34.64%	
Net Income	33,068.44		0.00		33,068.44		100.0%