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