Sail Harbour Community Development District

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

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SAIL HARBOUR COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

.
Notes
Carryover From Prior Year Of $25,670 Was Used To Reduce Fiscal Year 2024/2025 Assessments.
$54,050 Of Fund Balance To Be Used To Reduce 2025/2026 Assessments.

I

$166,117

($67,597)

$98,520

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

O & M Assessments

68,782

69,077

69,077

Debt Assessments

509,434

509,435

509,435

Other Revenues

0

0

0

Interest Income

960

3,900

3,749

TOTAL REVENUES

$	579,176

$	582,412

$	582,261

EXPENDITURES

Supervisor Fees

7,000

1,800

1,800

Payroll Taxes (Employer)

560

219

219

Engineering/Inspections

6,500

10,500

8,488

Pipe Maintenance/Replacement

20,000

72,000

69,623

Stormwater Videotaping

2,000

0

0

Management

24,000

24,000

24,000

Legal

5,500

5,500

4,438

Assessment Roll

5,000

5,000

5,000

Audit Fees

3,500

3,500

3,500

Arbitrage Rebate Fee

500

500

500

Travel

500

125

90

Insurance

6,600

6,379

6,379

Legal Advertisements

1,400

1,400

658

Miscellaneous

1,350

500

290

Postage

350

140

128

Office Supplies

450

345

295

Dues & Subscriptions

175

175

175

Trustee Fee

4,400

4,337

4,337

Website Management

1,500

1,500

1,500

TOTAL EXPENDITURES

$	91,285

$	137,920

$	131,420

REVENUES LESS EXPENDITURES

$	487,891

$	444,492

$	450,841

Bond Payments

(478,868)

(489,784)

(489,784)

BALANCE

$	9,023

$	(45,292)

$	(38,943)

County Appraiser & Tax Collector Fee

(11,564)

(1,343)

(1,343)

Discounts For Early Payments

(23,129)

(20,962)

(20,962)

EXCESS/ (SHORTFALL)

$	(25,670)

$	(67,597)

$	(61,248)

Carryover From Prior Year

25,670

25,670

0

NET EXCESS/ (SHORTFALL)

$	-

$	(41,927)

$	(61,248)

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

Notes
Reserve Fund Balance = $191,752*. Revenue Fund Balance = $298,170*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $73,416.
* Approximate Amounts

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: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$3,990,000

II

$462,636

$27,286

$489,922

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

100

20,000

19,814

NAV Tax Collection

478,868

489,784

489,784

Total Revenues

$	478,968

$	509,784

$	509,598

EXPENDITURES

Principal Payments

315,000

325,000

325,000

Interest Payments

163,662

157,498

157,498

Bond Redemption

306

0

0

Total Expenditures

$	478,968

$	482,498

$	482,498

Excess/ (Shortfall)

$	-

$	27,286

$	27,101