St. Lucie West Services District
Final Budget
For Fiscal Year Ending September 30, 2024

August 29th, 2023

Honorable Jack Doughney, Chairman and Members of the Board of Supervisors
St. Lucie West Services District 450 SW Utility Drive
Port St. Lucie, FL 34986

RE:	St. Lucie West Service District FY 2024 Proposed Annual Budget and FY 2024-2028 Capital Improvement Plan

Dear Honorable Chairman and Supervisors:

I am pleased to present the annual budget for FY 2024 and the FY 2024-2028 Capital Improvement Plan.
The attached budget addresses the operations and maintenance, debt service and capital improvement requirements for both the Utility operations, General, Capital Project and Debt Service Funds of the District.

Many improvements were accomplished or encumbered in Fiscal Year 2023 and some of the major projects that were completed are:

Several lift stations will be rehabilitated for FY 2024. The lift station restoration project effort will be continued throughout the next several years to ensure that all lift stations are upgraded.
The first phase piping of the Storm Water Ditch next to the Post office will be completed June of 2023.
Design and engineering to automate the 4C gate will be in 2024.
Continuing to work with the City of Port St. Lucie on the Lake Harvey Passive Park and use of the Landscaping plan.
The Lake Charles Irrigation Pump Station Improvements started FY2023 and will be continued into FY2024.
The Calcite Tank Project started FY2023 and may be continued into FY2024.
The AMI Meter Replacement Project was approved and set to start a multiyear project FY2023.

450 S.W. Utility Drive ● Port St Lucie, FL 34986 ● Office (772) 340-0220 ● Fax (772) 871-5771

Fiscal Year 2024 reflects positive account activity trends. and the recent Refunding of Bonds has placed the District in a better financial position. The District raised Utility rates 5.0% in 2023 and is asking for a 5.0% increase for 2024 fy, The Proposed Budget also includes a $20.00 increase in Maintenance Assessments for the 2024 FY.

The budget for FY 2024 continues with the five-year forecasting of the District’s financial needs. Looking out over five years, rather than just the upcoming budget year, shows the impact of the immediate operating budget and the effect on the District’s future fiscal health. Immediate decisions, such as whether to spend from our fund balance to pay for a project, can now be aided by a longer-term perspective. Budget aspects may change in the future with the possibility of water plant expansion and future dealing with the Reserve CDD.

Trends in the General Fund revenues listed below depict expenditures and reserves in the top graph, while Unreserved Fund Balance, as a percentage, is depicted in the bottom graph.

General Fund

$6,000,000

$5,000,000

$4,000,000

$3,000,000

$2,000,000

$1,000,000

$-

FY 2022	FY 2023
Total Revenues

FY 2024	FY 2025
Total Expenses

FY 2026

FY 2027

FY 2028

Available Operating Cash Balance (Ending)

	

	

	

Unreserved Fund Balance as a % of Total
Expenditures

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

FY 2022

FY 2023

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

Trends in the Utility Fund revenues listed below, depict expenditures and reserves in the top graph, while Unreserved Fund Balance, as a percentage, is depicted in the bottom graph.

$14,000,000

Utility Fund

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$-

FY 2022

FY 2023
Total Revenues

FY 2024
Total Expenses

FY 2025
Total Operating Expenses

FY 2026

FY 2027

FY 2028

Available Operating Cash Balance (Ending)

Unreserved Utility Fund Balance as a % of Total
Expenditures

70%

60%

50%

40%

30%

20%

10%

0%

FY 2022

FY 2023

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

The District has a five-year Utility and General Fund Capital Improvement Plan (CIP). By planning for capital needs over a five-year period the District will be able to see what the upcoming needs are, and what resources will be available to meet those needs. The Capital Improvement Plan (CIP) is broken down into four categories: the General Fund Renewal and Replacement Fund, Utility Renewal and Replacement Fund, Water Connection Fee Fund, and Wastewater Connection Fee Fund during the five-year period. You will find a brief description, cost breakdown and source of funding for each of the projects identified in the FY 2024-2028 CIP Plan. The CIP worksheets contain projects that have been identified by the District office and Utility plant management teams. A significant number of these projects and related dollars have been identified as Utility Renewal & Replacement projects (approximately
$1,373,043 According to the Bond indenture, 5% of the previous year’s revenues are required to be transferred to the R&R fund from the Revenue (operating) Fund to be spent for this purpose. Ultimately the additional requested funds come out of the Utilities Revenue Fund. The Utility Renewal and Replacement Fund reflects a fund balance of $266,113 for FY 2024. The General Fund Renewal and Replacement Fund reflects 257,379 in Stormwater improvement projects with a fund balance over
$346,125.

We are currently in the process of completing a Utility Revenue Sufficiency Analysis. This study is very important to aid in the adoption of rate increases in the upcoming years. To be able to continue with the CIP effort, the District’s Utility system may need to provide additional revenues to fund future projects.
The staff is currently investigating the need to expand the Water Treatment Plant to accommodate the current building boom and meet the demands of our residents.
I believe the Department Heads and Staff have tried to address the concerns of the Board and have been diligent in keeping expenditures down while providing quality service to the residents throughout the year. I would like to thank the Staff for all their hard work in addressing these major issues.

We respectfully submit the FY 2024 budget for your review and consideration.

Sincerely,

William Hayden

District Manager

ST. LUCIE WEST SERVICES DISTRICT
FY 2023/2024 BUDGET
TABLE OF CONTENTS

Budget Summary
Budget Summary	1
General Fund
General Fund Budget Overview	2
General Fund Revenues & Expenditures	4
General Fund Budget Summary	6
General Fund Budget & Five-Year Operating Forecast	7
General Fund Renewal & Replacement Summary	19
General Fund Budget Account Descriptions and Assumptions	20
Water & Sewer Fund
Water & Sewer Fund Budget Overview…	28
Water & Sewer Fund Revenues & Expenditures	30
Water & Sewer Fund Budget Summary	32
Water & Sewer Fund Budget & Five-Year Operating Forecast	33
Water & Sewer Fund Account Descriptions and Assumptions	47
Water & Sewer Fund Capital Funding Revenue & Expenditures	58
Water & Sewer Fund Renewal & Replacement Fund	59
Water & Sewer Fund Water Connection Fee Fund	60
Water & Sewer Fund Wastewater Connection Fee Fund	61
Other Funds
Debt Service Fund – Water Management Benefit Series 2013, 2014, & 2021 Five-
Year Operating Forecast	62
Capital Projects Fund – District Wide Stormwater	63

BUDGET SUMMARY	
St. Lucie West Services District - Fiscal Year 2024	

ESTIMATED REVENUES		

GENERAL FUND	

DEBT SERVICE	

CAPITAL PROJECTS	

UTILITY FUNDS	

CONNECTION FEE FUNDS	

TOTAL ALL FUNDS	
Non-Ad Valorem WMB Assessment	$194.00 per ERU Until 2025	$  2,066,907				$	2,066,907	
Non-Ad Valorem 2021-2 Bond	$14.84 per ERU Until 2026	$	157,901					
Non-Ad Valorem Special Maintenance Assessment	$146 per ERU	$ 1,500,389					$	1,500,389	
Storm Water Drainage Fees From City		$ 2,100,000					$	2,100,000	
City Special Assessment for Bond		$	392,663					$	392,663	
Other General Fund Revenues		51,482					$	51,482	
Utility Rate Revenues					$	9,473,891		$	9,473,891	
Other Utility Fund Revenues					$	881,702		$	881,702	
General Fund R&R		$	-	
Storm Water Drainage Fees From City - To R&R		$	7,337	
Utility Fund R&R		$	-	
Water Connection Fee Fund						$	3,832	$	3,832	
Wastewater Connection Fee Fund						$	2,876	$	2,876	
TOTAL SOURCES		$ 4,044,534	$  2,224,808	$	7,337	$	10,355,593	$	6,708	$	16,638,980	
Transfer In From General Fund			388,270	$	245,019			$	633,289	
Transfer In for Utility Fund R&R				$	681,267			$	681,267	

TOTAL REVENUES & TRANSFERS IN	$ 4,044,534	$  2,613,078	$	933,623	$	10,355,593	$	6,708	$	17,953,536	
	
EXPENDITURES	
General Fund	$ 3,716,814					$	3,716,814	
General Fund Personnel	$ 2,522,126						
General Fund Operating	$ 1,058,688						
General Fund Capital Outlay	$	136,000						
General Fund R&R			$	257,379			$	257,379	
Utility Operating Fund				$	7,529,702		$	7,529,702	
Utility Fund Personnel				$	3,583,117			
Utility Fund Operating				$	3,772,085			
Utility Fund Capital Outlay				$	174,500			
Debt Service		$  2,444,628		$	2,574,555		$	5,019,183	
Utility Fund R&R			$	1,373,043			$	1,373,043	
Water Connection Fee Fund					$	-	$	-	
Wastewater Connection Fee Fund					$	-	$	-	
TOTAL EXPENDITURES	$ 3,716,814	$  2,444,628	$	1,630,422	$	10,104,257	$	-	$	17,896,121	
Transfer Out to General Fund R&R	$	245,019					$	245,019	
Transfer Out to 2014 Bond	$	392,663					$	392,663	
Transfer Out to Utility Fund R&R				$	681,267		$	681,267	
Transfer Out to Utility Rate Stabilization Fund				$	50,000			
TOTAL EXPENDITURES AND TRANSFERS OUT	$ 4,354,496	$  2,444,628	$	1,630,422	$	10,835,524	$	-	$	19,265,070	
Fund Balance/Reserves	$ 2,563,710		$	1,309,037	$	5,386,130	$	549,639	$	9,808,516	

NET ENDING BALANCE	$ 2,253,748	$	168,450	$	612,238	$	4,906,199	$	556,347	$	8,496,982

SLWSD Final Budget FY 2024 (8/29/2023)	Page 1

ST. LUCIE WEST SERVICES DISTRICT
GENERAL FUND BUDGET OVERVIEW
Budget Discussion

The budget is an annual process that involves the Board of Supervisors, the District Manager and staff, operations and billing personnel, engineers, and others. This process must first consider anticipated revenues we will receive from operations to determine the resources available to be budgeted. The first claim on the resources will be the essential costs necessary for the proper operation and maintenance of the general fund operations. Any remaining funds may then be utilized for the capital improvement program and remaining needs.
In the Governmental Funds, separate accounting funds are set up for the bonded debt service and proceeds from bond issues. There are two such funds at St. Lucie West Services District. These two funds are shown on the last three pages of this budget. Separate assessments on the District property owners are assigned exclusively for the Water Management Benefit Series 2013 and the Storm Water ditch repair next two the Post Office.. The proceeds of these assessments can be used for no other purpose than the debt service of these two bond issues. In 2010 the District refunded the Water Management Benefit Series 2010 bond at a savings of
$16.00 per ERU per year through 2025.

We have divided the general fund budget into two parts: the operating budget and the capital budget.

The capital budget is for infrastructure improvements, system expansion to handle customer growth, renewal and replacements, service extensions, additions, or extraordinary repairs. The addition of a Renewal and Replacement Fund will be utilized to fund these projects.
We are budgeting for a deficit in FY 2024 due in part to Capital Outlay purchases and transfer to R&R Fund for stormwater repairs. The General Fund for both FY 2023 and 2024 will have a fund balance exceeding $1,800,000. This also means that the District will have sufficient cash flow to carry operating costs until the General Fund starts receiving revenue from the maintenance assessments in November and the Storm Water Fees from the City of Port St. Lucie in January.

Certain decisions, especially in the capital improvement program, made during the budget process have an impact which extends to multiple fiscal years and not only the year for which the budget is approved. To demonstrate this impact, five (5) year forecasts have been developed for each system for both the operating and capital budgets.
Assumptions Used in Preparing the Budget

Inflation – The following inflationary rates are utilized; for the regular salaries line item the rate increased to 6.4% for FY 2024 and was based upon the change in the U.S. Bureau of Labor Statistics Consumer Price Index - All Urban Customers, U.S. City Average, Services, for most other line items, where applicable, a general inflationary rate of 2% is utilized. There are some exceptions such as health insurance 10% this year, and liability insurance (9.45%) this year for

which national projections call for continuing increases. Energy costs are expected to grow at an inflation rate of 15.0% for FY 2024 as well.

Rate Adjustment – The Special Assessment rate of $146.00 per ERU proposed within this year’s budget for FY 2024 which reflects a $20.00 per ERU increase over the FY 2023 Budget.

The ERU numbers are expected to remain the same in FY 2024. We expect revenues in most categories to remain the same per year for each of the next five years. Fiscal year 2024 reflects an increase. ERU increase in assessments for FY 2025 through FY 2026 reflects a $20.00 per ERU increase in assessments each year.

Capital Improvement Program

The capital improvement program has several items for your review. In a continuation of the previous year’s funding practices for capital items, we are proposing to pay for the capital items directly rather than financing the purchase over several years. The typical interest rates charged for lease financing are significant, and therefore the District can save a significant amount by purchasing the items. All equipment purchase will be paid for outright at the time of purchase.
A summary of the funding sources for all system capital projects budgeted in FY 2024 are as follows: The Aquatics Division is requesting the replacement of a Pickup Truck, for $42,000. The Administration Division is not requesting any capital expenditures this FY; The Exotic Plant Removal Division is requesting the replacement of one Kawasaki Mule for the price of $13,000 and a F-350 Dump Truck for $72,000. The Stormwater Division is budgeting $0.00 dollars for the 23-24 years. The Shop Division is requesting $8,000 for a new Engine Scanner which will be split with the utility fund 50/50. The General Fund Renewal and Replacement Fund Project is for emergency storm water projects in the amount of $256,099. The total for the list of capital R&R items is $256,099 in the General Fund for FY 2024 and will leave a fund balance of over
$282,231.

Project Maintenance Fees 1.12%
Interest 0.00%

Permit Fees 0.00%

Miscellaneous Fees 0.15%

City for Stormwater Bond Payment 9.87%

Special Assessments 37.03%

Storm Water Drainage Fees 51.83%

TOTAL REVENUES	$ 4,051,871

PERCENT	
  REVENUES		

  TOTALS 

Storm Water Drainage Fees	
Special Assessments	
City for Stormwater Bond Payment	
Interest	
Project Maintenance Fees	
Permit Fees	
Miscellaneous Fees	

2,100,000	
1,500,389	
400,000	
13	
45,569	
-	
    5,900 	

51.8%	
37.0%	
9.9%	
0.0%	
1.1%	
0.0%	
0.1%	

TOTAL OPERATIONAL REVENUE

$ 4,051,871

100.0%

GENERAL FUND PRIOR YEARS BALANCE	$ 2,563,710

				

0%						
		0%	
0%						Aquatics Division
Stormwater Maintenance Division	
3%

6%	

1%	1%
1%		

9%	0%		

15%		Administration Division
Exotic Plant Removal Division Finance
Capital Improvement Projects R&R Fund	
6%								15%	Legal Services	
		11%							Shop Operations	
						32%			Engineering Services
District Manager	
									Board of Supervisors	
									Clerk to the Board	
									Pollution Control	
									Debt Service 2014 Bond	
									Grant Management	
	TOTAL EXPENDITURES						$ 4,361,833	

PERSONNEL	
OPERATING	CAPITAL 
OUTLAY	
  TOTALS 	

PERCENT	
 EXPENDITURES	

Aquatics Division	453,124	160,505	42,000	655,629	15.03%	
Stormwater Maintenance Division	455,955	201,995	5,000	662,950	15.20%	
Administration Division	1,149,772	241,573	-	1,391,345	31.90%	
Exotic Plant Removal Division	332,467	65,904	85,000	483,371	11.08%	
Finance		239,292		239,292	5.49%	
Capital Improvement Projects R&R Fund				252,356	5.79%	
Legal Services		35,083		35,083	0.80%	
Shop Operations	91,907	31,479	4,000	127,386	2.92%	
Engineering Services		48,588		48,588	1.11%	
District Manager	25,983	12,378		38,361	0.88%	
Board of Supervisors	12,918	2,727		15,645	0.36%	
Clerk to the Board		15,059		15,059	0.35%	
Pollution Control		2,668		2,668	0.06%	
Debt Service 2014 Bond				392,663	9.00%	
Grant Management		            1,437			1,437  		0.03%	

TOTAL EXPENDITURES	$ 2,522,126	$ 1,058,688	$ 136,000	$ 4,361,833	100.00%	

St. Lucie West Services District General Fund Budget Summary		

	FY 2022		
	FY 2023		
	FY 2024		
	ACTUAL			ESTIMATE		  PROPOSED		

	FY 2023		
ORIGINAL BUDGET	

ADD REVENUES:	
Special Assessments	
Stormwater Drainage Fees	
City Stormwater Drainage Fee for Bond	
Other Revenues	

1,070,322	
1,902,252	
400,000	
     185,059 	

1,286,389	
2,100,000	
400,000	
       55,581 	

1,286,389	
2,100,000	
400,000	
      55,581 	

1,500,389	
2,100,000	
400,000	
      51,482 	

TOTAL OPERATING REVENUES	3,557,633	3,841,970	3,841,970	4,051,871	
FUND BALANCE, October 1	2,462,837	2,759,428	2,759,428	2,563,710	
TOTAL REVENUES AND FUNDS AVAILABLE	6,020,470	6,601,398	6,601,398	6,615,581	

DEDUCT EXPENDITURES:	
Board of Supervisors	
District Manager	
Finance	
Grant Management	
Clerk to the Board	
Legal Services	
Engineering Services	
Pollution Control	
Administration Division	
Aquatics Division	
Stormwater Maintenance Division	
Exotic Plant Removal Division	
Shop Operations	
Capital Improvement Projects R&R	
Capital Debt Service 2014 Bond	

14,218	
86,410	
127,858	
-	
11,369	
14,065	
28,953	
522	
995,136	
446,730	
496,256	
345,513	
99,896	
202,358	
391,758	

15,645	
36,054	
177,869	
1,351	
14,153	
32,973	
45,665	
2,611	
1,309,424	
593,348	
654,461	
377,163	
119,432	
241,656	
392,663	

15,586	
36,054	
177,869	
1,351	
14,153	
32,973	
45,665	
2,611	
1,320,923	
591,681	
657,127	
386,411	
120,965	
241,656	
392,663	

15,645	
38,361	
239,292	
1,437	
15,059	
35,083	
48,588	
2,668	
1,391,345	
655,629	
662,950	
483,371	
127,386	
252,356	
392,663	

TOTAL EXPENDITURES	3,261,042	4,014,468	4,037,688	4,361,833

FUND BALANCE, SEPTEMBER 30		2,759,428  	2,586,930  	2,563,710  	2,253,748 

Actual FY 2022

Orig. Budget FY 2023

Final Amended Budget
FY 2023

Budget FY 2024

Actual YTD	Estimate EOY FY 2023		FY 2023
9	9
General Fund Balance (Beginning)	2,462,837	2,759,428	2,759,428	2,759,428	2,759,428	2,563,710

OPERATING REVENUE
1-04001	Permit Fees	2,500
1-04002	Grant Revenue	-
1-04003  Miscellaneous Fees	-
1-04004 Storm Water Drainage Fees From City	1,902,252 1-04005  Project Maintenance Fees		40,569

5,000
-
- 2,000,300
-

6,667	-	-

-
-
- 2,100,000
45,569	
13
1,500,389
5,900	
- 392,663
7,337	
$	4,051,871	

-	-	-
-	-	-
2,000,300	2,100,000	2,100,000
-	45,569	45,569

1-04006  Interest	56	4,123	4,123	12	12
1-04007  Special Maintenance Assessments	1,070,322	1,270,337	1,693,783	1,286,389	1,286,389

-
-
-	
$	3,381,382	

9,500
727
795	
11,022	

- 425
12,210
-	
12,635	

-
- 23,281
12,015
2,693
68,897
28,351	
135,237	

-	
-	

1-04009  Miscellaneous Income	141,934	101,622	101,622	10,000	10,000

1-04010  WMB Prepayment	-
1-04012 Stormwater Drainage from City for Bond	394,471 1-04014  Stormwater Drainage from City for Lake Harvey		5,529

-	-	-
-	392,663	392,663
-	7,337	7,337

Total Revenues

$	3,557,633

$	3,806,495

$ 3,841,970	$

3,841,970

OPERATING EXPENSES
 Board of Supervisors
1-05001	Executive Salaries	11,800
1-05002	FICA	903
1-05015	Board Meeting Expenses	1,515
TOTAL BOARD OF SUPERVISORS	14,218
District Manager
1-06001	Assessment Fees & Costs	8,284
1-06003	Operations & Maintenance Services	525
1-06005	Management Contract	77,600 1-06009	Travel & Per Diem		-
TOTAL DISTRICT MANAGER	86,410

12,667	12,000	12,000

12,000
918
2,727
	15,645 

969	918	918
1,060	2,727	2,668
  
14,696	15,645	15,586

10,147
1,249
25,983
982
	38,361 

-	9,537	9,537
567	1,174	1,174
16,280	24,420	24,420
-	923	923
  
16,847	36,054	36,054

Finance
1-07001	Dissemination Agent	-
1-07002	Arbitrage	-
1-07004	Accounting Services	28,875
1-07005	Auditing	11,348
1-07007	Banking Services	239
1-07009	Property & Casualty Insurance	63,270
1-07018  Property Taxes & Assessments	24,126

-	2,030	2,030
-	2,078	2,078
31,041	35,858	35,858
16,020	14,602	14,602
3,591	776	776
91,863	79,759	79,759
37,801	42,766	42,766

2,030
2,211
38,153
15,537
826
131,354
49,181

TOTAL FINANCE	127,858

Grant Management
1-12001 Contractual Services -GM	-

TOTAL GRANT MANAGEMENT	-

180,316	177,869	177,869		239,292 

1,437
	1,437 

-	1,351	1,351

-	1,351	1,351

Actual FY 2022

Estimate EOY FY 2023

Orig. Budget FY 2023

Final Amended Budget
FY 2023

Budget FY 2024

Actual YTD FY 2023	

5,820
802
926
290	
7,838	

7,841
1,640	
9,481	

24,289	
24,289	

-	
-	

313,513
1,390
22,660
28,590
357,933
14,452
- 1,917
1,632
3,600
3,553
180	
749,420	

54,757
2,885
3,064
8,451
593
5,131
2,013
1,100
2,992	

Clerk to the Board
1-13002	Other Contractual Services	7,219
1-13004	Postage & Freight	1,192
1-13005	Printing & Binding	1,133
1-13007	Legal Ads	1,825

TOTAL CLERK TO THE BOARD	11,369

Legal Services
1-19001	General Counsel	14,065
1-23001	Special Counsel	-

TOTAL LEGAL COUNSEL	14,065

Engineering Services
1-26002	Engineering Services	28,953

TOTAL ENGINEERING	28,953

Pollution Control
1-29002 Regulatory & Permit Fees	522
TOTAL POLLUTION CONTROL	522

ADMINISTRATION DIVISION
Personnel
1-15001	Regular Salaries	309,739
1-15002	Overtime	3,277
1-15003	FICA	15,452
1-15004	Retirement Contributions	34,877
1-15005	Health/Life/Dental Insurance	410,134
1-15006	Workers Comp	21,982
1-15007	Unemployment Insurance		- 1-15010	Uniforms	800
1-15012	Training, Cont. Educ., and Licensing	3,038
1-15013	Vehicle Allowance	3,043
1-15014	Annual PTO	-
1-15015  Cell Stipend		388 
Total Administration Personnel: 	802,729  ADMIN Operating
1-33001	Other Contractual Services	72,126
1-33002	Website Maintenance	3,875
1-33004	Water - Irrigation	4,131
1-33005	Telephone & Cell Service	7,658
1-33006	Postage & Freight	904
1-33007	Electricity Services	6,273
1-33010	Equipment Leasing	2,332
1-33011	Administration Maintenance	126
1-33018	Contingencies - Hurricane	6,637

7,760	9,889	9,889

10,522
1,030
1,665
1,842
	15,059 

1,069	968	968
1,235	1,565	1,565
387	1,731	1,731
  
10,451	14,153	14,153

31,262
3,821
	35,083 

10,455	29,382	29,382

2,187	3,591	3,591
  
12,642	32,973	32,973

48,588
	48,588 

32,385	45,665	45,665
  
32,385	45,665	45,665

2,668
	2,668 

-	2,611	2,611
  
-	2,611	2,611

418,017
1,853
30,213
38,120
477,244
19,269
-
- 2,176
4,800
4,737
240

380,158
3,804
32,340
36,754
585,645
25,316
2,242
2,625
5,094
7,200
6,034
1,126

386,158
3,804
32,799
37,294
585,645
25,316
2,242
2,625
5,094
7,200
6,034
1,126

410,872
4,047
34,863
39,681
609,071
25,822
2,385
2,793
5,420
7,200
6,420
1,198

	996,669	1,088,338	1,095,337	1,149,772 

89,046
10,736
4,488
11,589
1,200
6,474
3,775
3,047
20,400

73,009	83,690	83,690
3,847	10,525	10,525
4,085	4,400	4,400
11,268	11,362	11,362
791	1,176	1,176
6,841	5,050	6,050
-	3,701	3,701
1,467	2,987	2,987
3,989	20,400	20,400

	
	
1-33019	
1-33020	
1-33021	
1-33022	
1-33023	
1-33024	
1-33025
Total Administration Operating:	192,407	177,145	221,086	225,586	241,573 Capital Outlay Administration
1-33101 Equipment	-	-	-	-
1-33102 Building	-	-	-	-
1-33103 Other	-	-	-	-
-	-	-	-

  
	1,173,814  	1,309,424  	1,320,923	1,391,345 	
1-14001			252,739		326,894		331,894		353,135	
1-14002			15,724		21,430		21,430		22,802	
1-14003			21,680		26,999		27,382		29,175	
1-14004			26,309		31,349		31,799		33,834	
1-14008			2,433		4,471		4,471		4,757	
1-14010			2,092		3,751		3,751		3,991	
1-14011			-		4,028		4,028		4,286	
1-14012			-		575		1,075		1,144	
			320,977		419,497		425,830		453,124	
										
1-31001			2,331		15,095		10,095		10,741	
1-31003			1,573		3,005		3,005		3,197	
1-31005			3,608		10,096		8,096		8,614	
1-31009			6,221		14,060		13,060		13,896	
1-31011			70,296		111,704		111,704		118,853	
1-31012				4,820 			4,891 			4,891 		5,204	
				88,849 			158,851 			150,851 			160,505 	
1-31101			19,840		15,000		15,000		42,000	
1-31102			-		-		-		-	
1-31103			-		-		-		-	
			19,840		15,000		15,000		42,000	
										
		429,666  	593,348	591,681	655,629 	
1-16001	241,163	326,656	331,656	352,882	
1-16002	15,008	18,753	20,753	22,081	

Actual		
Actual YTD	
	FY 2022		FY 2023	
Office Supplies	6,881		3,129	
Fuel & Lubricants - Vehicle	38,884		24,577	
Operating Supplies and Expenses	5,086		3,520	
Computer Software	5,480		6,727	
Computer Hardware/ Supplies	4,787		3,334	
Fuel & Lubricants - Equipment	27,227		12,600	
Minor Construction Expenses	-			
	134,873	
	
-	
-	
	-	-	
	-	-	
Total Administration Capital Outlay:	-		-	
				
	TOTAL ADMINISTRATION	995,136 			884,293 	
AQUATICS DIVISION			
Personnel			
Regular Salaries	263,515		189,554	
Overtime	10,522		11,793	
FICA	19,418		16,260	
Retirement Contributions	22,099		19,732	
Uniforms	2,524		1,825	
Training, Cont. Educ., and Licensing	1,551		1,569	
Annual PTO	-		-	
Cell Stipend		- 			- 	
Total Aquatics Personnel: 	319,628 			240,733 	
Aquatics Operating			
Operations & Maintenance Svc	7,081		1,748	
Disposal Fees	530		1,180	
Operating Supplies	5,264		2,706	
Equipment Maintenance	12,156		4,666	
Chemicals	87,753		52,722	
Machinery & Equipment		4,864 			3,615 	
Total Aquatics Operating: 	117,648 			66,637 	
Capital Outlay Aquatics			
Equipment	9,454		14,880	
Building	-		-	
Other	-		-	
Total Aquatics Capital Outlay:	9,454		14,880	
TOTAL AQUATICS DIVISION	446,730		322,250	
STORM WATER MANAGEMENT DIVISION				
Personnel				
Regular Salaries	217,239		180,872	
Overtime	11,608		11,256	

		Final Amended		
Estimate EOY	Orig. Budget	Budget	Budget	
FY 2023	FY 2023	FY 2023	FY 2024	
4,172	13,229	13,229	14,076	
32,769	35,480	35,480	42,576	
4,693	7,308	7,308	7,776	
8,969	5,095	5,095	5,197	
4,445	2,250	3,750	3,938	
16,800	14,433	16,433	17,255	
-	-	-	-	

	  

1-16003
1-16004
1-16008
1-16010
1-16011
1-16012

		Final Amended		
Estimate EOY	Orig. Budget	Budget	Budget	
FY 2023	FY 2023	FY 2023	FY 2024	
20,272	27,008	27,544	29,307	
24,603	31,087	31,717	33,747	
2,983	4,169	4,169	4,436	
-	5,050	5,050	5,373	
1,125	6,855	6,855	7,294	
180	785	785	835	

305,334	420,363	428,529	455,955

-

1-34001
1-34002
1-34004
1-34005
1-34007
1-34008
1-34009
1-34011
1-34014

44,363	79,388	74,388
2,400	4,305	4,305
1,091	1,863	1,863
9,501	22,108	18,108
-	35,000	40,000
4,344	7,028	7,028
14,147	32,250	30,250
705	3,587	3,587
	9,536  	9,569  	10,069 

79,149
4,581
1,982
19,267
42,560
7,478
32,186
3,817
10,975

	86,087  	195,098  	189,598  	201,995 

1-34101
1-34102
1-34103

1-17001
1-17002
1-17003
1-17004
1-17008
1-17010
1-17011
1-17012

55,323
12,000
-

29,000
10,000
-

29,000
10,000
-

- 5,000
-

67,323	39,000	39,000	5,000

	458,744  	654,461	657,127	662,950 

	
273,323
14,405
22,991
27,413
3,224
892
2,148
180

234,662
11,569
19,120
22,161
3,563
2,445
3,179
524

241,162
18,569
20,153
23,376
3,563
1,945
3,179
524

256,596
19,757
21,442
24,872
3,791
2,069
3,382
558

344,576	297,223	312,471	332,467
-

1-35001
1-35003
1-35004
1-35006
1-35008
1-35010

17,551	29,025	25,025
5,367	5,879	5,879
6,717	16,125	14,125
5,600	7,522	7,522
5,971	9,389	9,389
	-  	-  	-	

26,627
6,255
15,029
8,003
9,990
-

	
Actual	
Actual YTD	
	FY 2022	FY 2023	
FICA	17,808	15,204	
Retirement Contributions	21,854	18,452	
Uniforms	2,341	2,237	
Training, Cont. Educ., and Licensing	3,801	799	
Annual PTO	-	844	
Cell Stipend	281	135	
Total Storm Water Personnel:	274,932	229,799	
Storm Water Operating			
Operations & Maintenance Svc	71,021	33,272	
Laboratory Services	2,846	1,800	
Disposal Fees	2,447	818	
Operating Supplies	18,016	7,126	
Landscape Materials	31,316	30,707	
Vehicle Maintenance	5,490	3,258	
Equipment Maintenance	26,934	10,610	
Chemicals	1,353	529	
Electricity Services	8,856	7,152	
Total Storm Water Operating:	168,280	95,272	
Capital Outlay Storm Water			
Equipment	43,044	41,492	
Building	10,000	9,000	
Other - GIS Mapping	-	-	
Total Storm Water Capital Outlay:	53,044	50,492	
			
TOTAL STORM WATER MANAGEMENT DIVI	496,256	375,563	

EXOTIC PLANT REMOVAL DIVISION
Personnel Regular Salaries Overtime
FICA
Retirement Contributions Uniforms
Training, Cont. Educ., and Licensing Annual PTO
Cell Stipend
Total Exotic Plant Personnel: Exotic Plant Operating
Operations & Maintenance Svc Disposal Fees
Operating Supplies Vehicle Maintenance Chemicals Maintenance Contracts
Total Exotic Plant Operating:
Capital Outlay Exotic Plant	

225,500	

204,992	
	13,334	10,804	
	18,374	17,243	
	21,384	20,560	
	4,419	2,418	
	1,505	669	
	-	1,611	
	227	135	
	284,742	258,432	
	
24,198	
13,163	
	3,068	4,025	
	12,744	5,038	
	4,827	4,200	
	6,686	4,478	
	-		
	51,522	30,904	

	41,206  	67,940  	61,940  	65,904 

Equipment Building Other	
Actual FY 2022
9,249
-
-	Actual YTD FY 2023		Estimate EOY FY 2023		Orig. Budget FY 2023		Final Amended Budget
FY 2023		Budget FY 2024	
		12,000
-
-	16,000
-
-	12,000
-
-	12,000
-
-	85,000
-
-	
Total Exotic Plant Capital Outlay:	9,249	12,000	16,000	12,000	12,000	85,000	
			
401,782	377,163	386,411	483,371

51,124	61,102	63,102	67,141
3,455	6,052	6,052	6,439
4,896	5,137	5,290	5,629
5,704	6,044	6,224	6,622
497	673	673	716
217	3,022	3,022	3,215
1,647	536	1,736	1,847
-	280	280	298
67,540	82,846	86,379	91,907
-
7,433	11,000	11,000	11,704
839	1,945	1,945	2,069
3,488	6,782	6,782	7,216
4,183		11,859  	9,859 	10,490
15,943		31,586  	29,586  	31,479 

6,435	5,000	5,000	4,000
-	-	-	-
-	-	-	-
6,435	5,000	5,000	4,000

89,918	119,432	120,965	127,386	
TOTAL EXOTIC PLANT REMOVAL DIVISION	345,513	301,336		

SHOP OPERATIONS DIVISION
Personnel Regular Salaries Overtime
FICA
Retirement Contributions Uniforms
Training, Cont. Educ., and Licensing Annual PTO
Cell Stipend
Total Shop Personnel:
Shop Operating
Operations & Maintenance Svc Disposal Fees
Operating Supplies Machinery & Equipment
Total Shop Operating:
Capital Outlay Shop
Equipment Building Other	

40,408
1,847
3,399
4,185
225
1,271
-
-
51,336

8,357
1,281
4,895
9,843
24,376

24,184
-
-	

38,343		
		2,591		
		3,672		
		4,278		
		373		
		163		
		1,235		
		-		
		50,655		
		
5,575		
		629		
		2,616		
		3,137		
		11,957		
		
4,826		
		-		
		-		
Total Shop Capital Outlay:	24,184	4,826		
				
SHOP OPERATIONS DIVISION	99,896	67,438		

1-35101
1-35102
1-35103

	

	

	

1-18001
1-18002
1-18003
1-18004
1-18013
1-18015
1-18016
1-18017

	

	

1-36001
1-36002
1-36003
1-36006

		

		

1-36101
1-36102
1-36103

Total Operating Expenses	2,666,926		2,151,382		2,821,261	3,380,149		3,403,369	3,716,814	

NON-OPERATING INCOME AND EXPENSES	
Other Expense	

1-04013
1-04013

310,000	310,000

DEBT SERVICE EXPENSES		
Principal 2014 Bond Issue - sent to Trustee	300,000	-	-	
Interest 2014 Bond issue - sent to Trustee	91,758	-	-	
TOTAL DEBT SERVICE:	391,758	-	-	

310,000	
82,663	
	392,663 	

	82,663  	82,663 

	392,663  	392,663 

CAPITAL IMPROVEMENT 		
Capital Improvement Program R&R	56,829	35,932	
Add R&R Funding / Grant Revenue	140,000	-	

47,909	64,319	64,319	75,019	
-	170,000	170,000	170,000	

	
Actual FY 2022		
Actual YTD FY 2023			
Add SWD funds from City for DS commitment	5,529			-		
Land Sale Transfer to R&R Funding
TOTAL OTHER CAPITAL EXPENSES R&R FUND:	-
202,358			- 
35,932			
47,909		
241,656		
241,656	
252,356	

Total Expenses	$	3,261,042		$	2,187,314		$	2,869,170		$ 4,014,468		$	4,037,688	$	4,361,833	

		
Total Revenues	$	3,557,633		$	3,381,382		$	3,806,495		$ 3,841,970		$	3,841,970	$	4,051,871	
												
Surplus/(Deficit)	296,591		1,194,068			937,325		(172,498)		(195,718)	(309,962)	

Available Operating Cash Balance (Ending)	$	2,759,428		$	3,953,496		$	3,696,753		$ 2,586,930		$	2,563,710	$	2,253,748	

Estimate EOY FY 2023		Orig. Budget FY 2023		Final Amended Budget
FY 2023		Budget FY 2024	
-	7,337	7,337	7,337	
	- 	-	-	-	

Grant Management	
Contractual Services -GM	1,469	1,501	1,534	1,568	
TOTAL GRANT MANAGEMENT	1,469	1,501	1,534	1,568	

	
Forecast	
	FY 2025	FY 2026	FY 2027	FY 2028	
	General Fund Balance (Beginning)	2,253,748	2,025,581	2,103,693	2,321,478	

1-04001			
-	
-	
-	
1-04002			-	-	-	
1-04003			-	-	-	
1-04004			2,100,000	2,100,000	2,100,000	
1-04005			45,569	45,569	45,569	
1-04006			15	17	19	
1-04007			2,142,389	2,356,389	2,570,389	
1-04009			6,381	6,636	6,901	
1-04010			-	-	-	
1-04012			388,259	388,132	392,620	
1-04014				11,741 		11,868 		7,380 	
			$	4,694,354	$	4,908,611	$	5,122,878	

OPERATING REVENUE	
Permit Fees	-	
Grant Revenue	-	
Miscellaneous Fees	-	
Storm Water Drainage Fees From City	2,100,000	
Project Maintenance Fees	45,569	
Interest	14	
Special Maintenance Assessments	1,714,389	
Miscellaneous Income	6,136	
WMB Prepayment	-	
Stormwater Drainage from City for Bond	388,270	
Stormwater Drainage from City for Lake Harvey	7,983	
Total Revenues	$	4,262,361	

OPERATING EXPENSES	
 Board of Supervisors	
Executive Salaries	12,000	12,000	12,000	12,000	
FICA	918	918	918	918	
Board Meeting Expenses	2,787	2,848	2,911	2,975	
TOTAL BOARD OF SUPERVISORS	15,705	15,766	15,829	15,893	

1-05001
1-05002

District Manager	
Assessment Fees & Costs	10,370	
Operations & Maintenance Services	1,276	
Management Contract	26,555	
Travel & Per Diem	1,004	
TOTAL DISTRICT MANAGER	39,205	

Finance	
Dissemination Agent	2,030	
Arbitrage	2,260	
Accounting Services	38,992	
Auditing	15,879	
Banking Services	844	
Property & Casualty Insurance	122,981	
Property Taxes & Assessments	49,181	
TOTAL FINANCE	232,167	

1-05015

1-06001		10,598	10,831	11,069	
1-06003		1,304	1,333	1,362	
1-06005		27,139	27,736	28,346	
1-06009			1,026 		1,049 		1,072 	
			40,067 		40,949 		41,849 	

1-07001		2,030	2,030	2,030	
1-07002		2,310	2,361	2,413	
1-07004		39,850	40,727	41,623	
1-07005		16,228	16,585	16,950	
1-07007		863	882	901	
1-07009		114,441	128,730	143,305	
1-07018			49,181 		49,181 		49,181 	
			224,903 		240,496 		256,403 	

1-12001					

Forecast

Clerk to the Board							
Other Contractual Services	10,753		10,990		11,232		11,479	
Postage & Freight	1,053		1,076		1,100		1,124	
Printing & Binding	1,702		1,739		1,777		1,816	
Legal Ads	1,883		1,924		1,966		2,009	
TOTAL CLERK TO THE BOARD	15,391		15,729		16,075		16,428	

FY 2025	FY 2026	FY 2027	FY 2028

1-13002
1-13004
1-13005
1-13007

Legal Services							
General Counsel	31,950		32,653		33,371		34,105	
Special Counsel	3,905		3,991		4,079		4,169	
TOTAL LEGAL COUNSEL	35,855		36,644		37,450		38,274	

1-19001
1-23001

Engineering Services							
Engineering Services	49,657		50,749		51,865		53,006	
TOTAL ENGINEERING	49,657		50,749		51,865		53,006	

1-26002

Pollution Control							
Regulatory & Permit Fees	2,727		2,787		2,848		2,911	
TOTAL POLLUTION CONTROL	2,727		2,787		2,848		2,911	

1-29002

ADMINISTRATION DIVISION	
Personnel	
Regular Salaries	
Overtime	
FICA	
Retirement Contributions	
Health/Life/Dental Insurance	
Workers Comp	
Unemployment Insurance	
Uniforms	
Training, Cont. Educ., and Licensing	
Vehicle Allowance	
Annual PTO	
Cell Stipend	
Total Administration Personnel:	
ADMIN Operating	
Other Contractual Services	
Website Maintenance	
Water - Irrigation	
Telephone & Cell Service	
Postage & Freight	
Electricity Services	
Equipment Leasing	
Administration Maintenance	
Contingencies - Hurricane	

419,911	429,149	438,590	448,239	
4,136	4,227	4,320	4,415	
35,617	36,389	37,177	37,983	
40,554	41,446	42,358	43,290	
651,706	697,325	746,138	798,368	
26,338	26,865	27,402	27,950	
2,437	2,491	2,546	2,602	
2,854	2,917	2,981	3,047	
5,539	5,661	5,786	5,913	
7,200	7,200	7,200	7,200	
6,561	6,705	6,853	7,004	
1,224	1,251	1,279	1,307	
1,204,077	1,261,626	1,322,630	1,387,318	

1-15001
1-15002
1-15003
1-15004
1-15005
1-15006
1-15007
1-15010
1-15012
1-15013
1-15014
1-15015

91,005	93,007	95,053	97,144	
10,951	11,170	11,393	11,621	
4,578	4,670	4,763	4,858	
11,821	12,057	12,298	12,544	
1,224	1,248	1,273	1,298	
6,927	7,412	7,931	8,486	
3,851	3,928	4,007	4,087	
3,108	3,170	3,233	3,298	
20,400	20,400	20,400	20,400	

1-33001
1-33002
1-33004
1-33005
1-33006
1-33007
1-33010
1-33011
1-33018

Office Supplies	
Fuel & Lubricants - Vehicle	
Operating Supplies and Expenses	
Computer Software	
Computer Hardware/ Supplies	
Fuel & Lubricants - Equipment	
Minor Construction Expenses	
Total Administration Operating:	
Capital Outlay Administration	
Equipment	
Building	
Other	
Total Administration Capital Outlay:	

Forecast	
FY 2025	FY 2026	FY 2027	FY 2028	
14,386	14,702	15,025	15,356	
44,705	46,940	49,287	51,751	
7,947	8,122	8,301	8,484	
5,301	5,407	5,515	5,625	
4,135	4,342	4,559	4,787	
18,118	19,024	19,975	20,974	
-	-	-	-	
248,457	255,599	263,013	270,713	

1-33019
1-33020
1-33021
1-33022
1-33023
1-33024
1-33025

1-33101
1-33102
1-33103

	TOTAL ADMINISTRATION	

-	-
-	-	-	-
-	-	-	-

-	-	-	-

	1,452,534  	1,517,225  	1,585,643  	1,658,031 

AQUATICS DIVISION	
Personnel	
Regular Salaries	360,904	368,844	376,959	385,252	
Overtime	23,304	23,817	24,341	24,877	
FICA	29,816	30,472	31,143	31,828	
Retirement Contributions	34,579	35,339	36,117	36,912	
Uniforms	4,862	4,969	5,078	5,190	
Training, Cont. Educ., and Licensing	4,079	4,169	4,261	4,355	
Annual PTO	4,380	4,476	4,574	4,675	
Cell Stipend	1,169	1,195	1,221	1,248	
Total Aquatics Personnel:	463,093	473,281	483,694	494,337	
Aquatics Operating	
Operations & Maintenance Svc	10,977	11,218	11,465	11,717	
Disposal Fees	3,267	3,339	3,412	3,487	
Operating Supplies	8,804	8,998	9,196	9,398	
Equipment Maintenance	14,202	14,514	14,833	15,159	
Chemicals	121,468	124,140	126,871	129,662	
Machinery & Equipment		5,318  	5,435  	5,555  	5,677 	
Total Aquatics Operating:		164,036  	167,644  	171,332  	175,100 	
Capital Outlay Aquatics	
Equipment	40,000	45,000	15,000	75,000	
Building	-	-	-	-	
Other	-	-	-	-	
Total Aquatics Capital Outlay:	40,000	45,000	15,000	75,000	
	
 TOTAL AQUATICS DIVISION		667,129	685,925	670,026	744,437	
STORM WATER MANAGEMENT DIVISION	
Personnel	
Regular Salaries	360,645	368,579	376,688	384,975	
Overtime	22,567	23,063	23,570	24,089	

1-14001
1-14002
1-14003
1-14004
1-14008
1-14010
1-14011
1-14012

1-31001
1-31003
1-31005
1-31009
1-31011
1-31012

1-31101
1-31102
1-31103

1-16001
1-16002

Forecast

1-16003	FY 2025	FY 2026	FY 2027	FY 2028	
1-16004					
1-16008					
1-16010					
1-16011					
1-16012					

1-34001					
1-34002					
1-34004					
1-34005					
1-34007					
1-34008					
1-34009					
1-34011					
1-34014					

1-34101					
1-34102					
1-34103					

					

FICA	29,951	30,610	31,284	31,972	
Retirement Contributions	34,489	35,248	36,023	36,816	
Uniforms	4,534	4,634	4,736	4,840	
Training, Cont. Educ., and Licensing	5,491	5,612	5,735	5,861	
Annual PTO	7,454	7,618	7,786	7,957	
Cell Stipend	853	872	891	911	
Total Storm Water Personnel:	465,984	476,236	486,713	497,421	
Storm Water Operating	
Operations & Maintenance Svc	80,890	82,670	84,489	86,348	
Laboratory Services	4,682	4,785	4,890	4,998	
Disposal Fees	2,026	2,071	2,117	2,164	
Operating Supplies	19,691	20,124	20,567	21,019	
Landscape Materials	43,496	44,453	45,431	46,430	
Vehicle Maintenance	7,643	7,811	7,983	8,159	
Equipment Maintenance	32,894	33,618	34,358	35,114	
Chemicals	3,901	3,987	4,075	4,165	
Electricity Services		11,524  	12,100  	12,705  	13,340 	
Total Storm Water Operating:		206,747  	211,619  	216,615  	221,737 	
Capital Outlay Storm Water	
Equipment	52,000	90,000		250,000	
Building	-	-	-	-	
Other - GIS Mapping	-	-	-	-	
Total Storm Water Capital Outlay:	52,000	90,000	-	250,000	
	
 TOTAL STORM WATER MANAGEMENT DIVI 	724,731	777,855	703,328	969,158	

EXOTIC PLANT REMOVAL DIVISION	
Personnel	
Regular Salaries	
Overtime	
FICA	
Retirement Contributions	
Uniforms	
Training, Cont. Educ., and Licensing	
Annual PTO	
Cell Stipend	
Total Exotic Plant Personnel:	
Exotic Plant Operating	
Operations & Maintenance Svc	
Disposal Fees	
Operating Supplies	
Vehicle Maintenance	
Chemicals	
Maintenance Contracts	
Total Exotic Plant Operating:	
Capital Outlay Exotic Plant	

262,241	268,010	273,906	279,932	
20,192	20,636	21,090	21,554	
21,914	22,396	22,889	23,392	
25,419	25,978	26,550	27,134	
3,874	3,959	4,046	4,135	
2,115	2,162	2,210	2,259	
3,456	3,532	3,610	3,689	
570	583	596	609	
339,781	347,256	354,897	362,704	

1-17001
1-17002
1-17003
1-17004
1-17008
1-17010
1-17011
1-17012

27,213	
6,393	
15,360	
8,179	
10,210	
          - 	
       67,355 	

27,812	
6,534	
15,698	
8,359	
10,435	
         - 	
      68,838 	

28,424	
6,678	
16,043	
8,543	
10,665	
         - 	
      70,353 	

29,049	
6,825	
16,396	
8,731	
10,900	
         - 	
      71,901 	

1-35001
1-35003
1-35004
1-35006
1-35008
1-35010

Forecast	

Equipment	
Building	
Other	
Total Exotic Plant Capital Outlay:	

SHOP OPERATIONS DIVISION	
Personnel	
Regular Salaries	
Overtime	
FICA	
Retirement Contributions	
Uniforms	
Training, Cont. Educ., and Licensing	
Annual PTO	
Cell Stipend	
Total Shop Personnel:	
Shop Operating	
Operations & Maintenance Svc	
Disposal Fees	
Operating Supplies	
Machinery & Equipment	
Total Shop Operating:	
Capital Outlay Shop	
Equipment	
Building	
Other	
Total Shop Capital Outlay:	

NON-OPERATING INCOME AND EXPENSES	
Other Expense	

DEBT SERVICE EXPENSES	
Principal 2014 Bond Issue - sent to Trustee	
Interest 2014 Bond issue - sent to Trustee	
TOTAL DEBT SERVICE:	

68,618	70,128	71,671	73,248	
6,581	6,726	6,874	7,025	
5,753	5,879	6,009	6,141	
6,768	6,917	7,069	7,225	
732	748	764	781	
3,286	3,358	3,432	3,508	
1,888	1,930	1,972	2,015	
305	312	319	326	
93,931	95,998	98,110	100,269	

11,961	
2,115	
7,375	
       10,721 	
       32,172 	

12,224	
2,162	
7,537	
      10,957 	
      32,880 	

12,493	
2,210	
7,703	
      11,198 	
      33,604 	

12,768	
2,259	
7,872	
      11,444 	
      34,343 	

1-35101			FY 2025
40,000		FY 2026
-		FY 2027
80,000		FY 2028
15,000	
1-35102			-		-		-		-	
1-35103			-		-		-		-	
			40,000		-		80,000		15,000	
										
	 TOTAL EXOTIC PLANT REMOVAL DIVISION 		447,136		416,094		505,250		449,605	

1-18001										
1-18002										
1-18003										
1-18004										
1-18013										
1-18015										
1-18016										
1-18017										

1-36001										
1-36002										
1-36003										
1-36006										

1-36101			
25,000		
25,000		
-		
-	
1-36102			-		-		-		-	
1-36103			-		-		-		-	
			25,000		25,000		-		-	
										
	 SHOP OPERATIONS DIVISION			151,103		153,878		131,714		134,612	
										
	Total Operating Expenses			3,834,809 			3,939,123 			4,003,007 			4,382,175 	

1-04013			

315,000		

325,000		

335,000		

350,000	
1-04013				73,270 			63,259 			53,132 			42,620 	
				388,270 			388,259 			388,132 			392,620 	

CAPITAL IMPROVEMENT 	
  
Capital Improvement Program R&R	85,719	107,119	117,819	128,519	
Add R&R Funding / Grant Revenue	170,000	170,000	170,000	170,000	

Forecast	

(228,167)	78,112	217,785	42,184	
$	2,025,581	$	2,103,693	$	2,321,478	$	2,363,662	

	FY 2025		FY 2026		FY 2027		FY 2028	
Add SWD funds from City for DS commitment
Land Sale Transfer to R&R Funding	11,730
-		11,741
-		11,868
-		7,380
-	
TOTAL OTHER CAPITAL EXPENSES R&R FUND:	
267,449		
288,860		
299,687		305,899	
								
Total Expenses	$	4,490,528		$	4,616,242		$	4,690,826		$	5,080,694	
								
Total Revenues	$	4,262,361		$	4,694,354		$	4,908,611		$	5,122,878	

Surplus/(Deficit)	

		

		

		

	
Available Operating Cash Balance (Ending)	

GENERAL FUND RENEWAL & REPLACEMENT FUND FY 2024 BUDGET

Actual FY
2022	
FY 2023	
FY 2024	
FY 2025	
FY 2026	
FY 2027	
FY 2028	

338,444	

365,591	

351,148	

346,125	

354,908	

383,809	

721,924	
	
-	
-	
-	
-	
-	
-	
56,829	64,319	75,019	85,719	107,119	117,819	128,519	
140,000	170,000	170,000	170,000	170,000	170,000	170,000	
5,529	7,337	7,337	11,730	11,741	11,868	7,380	
	252,356	267,449	288,860	299,687	305,899	

540,802	
607,247	
603,504	
613,574	
643,768	
983,183	
1,333,722	

175,211	
256,099	
257,379	
258,666	
259,959	
261,259	
262,565	
	-	-	-	-	-	-	
-	-	-	-	-	-	-	

175,211	
256,099	
257,379	
258,666	
259,959	
261,259	
262,565	
365,591	351,148	346,125	354,908	383,809	721,924	1,071,157	

Estimated Beginning Fund Balance

ADD REVENUES:

Grant Revenue Interest Revenues
5% Recommended Annual Transfer + Additional Annual Transfer Additional funds from General Surplus Funds
Excess Storm Water Fees - Bonds

TOTAL REVENUES AND FUNDS AVAILABLE

DEDUCT  EXPENDITURES:
WM001	1-46001	Stormwater Emergency Renewal and Replacement WM017	1-46007	Street to Pond Repairs (POA)
WM025	1-46015	CCE Stormwater Improvement Projects

TOTAL EXPENDITURES

FUND BALANCE, SEPTEMBER 30

REVENUE SOURCES
St Lucie West Services District receives approximately 75 % of their operating Revenues for the General Fund from the special assessment they levy on property owners and the transfer of storm drainage fees from the City of Port St Lucie.

General Fund Revenues

Permit Fees
Revenue received by the District Engineer for the review of preconstruction approval plans and specifications for facilities that are to become a part of the surface water management system owned and operated by the District.

Grant Revenue
Revenue received from Federal or State agencies for Grants. This revenue is circumstantial and must be applied for. In recent years the District has received Grant monies from such agencies such as FEMA which offered money for hurricane related expenses.

Miscellaneous Fees
This is a contingency line for any miscellaneous revenues received during the course of the year. This would include revenue received for the outsourcing of the video ray system, vacon truck as well as the aquatic harvester.

Storm Water Drainage Fees
Revenue received from the City of Port St. Lucie for the assessment placed on property owners for the maintenance of the Storm Water Drainage system. Presently the District receives 75% of the total amount assessed on property owners of the District. District will receive additional funding from any increase that the City levies for additional funding. Currently at $168.00 per ERU.

Project Maintenance Fees
Revenue received from the Water & Sewer fund for the landscaping maintenance on the property owned by the Water & Sewer fund.

Interest Revenue
This account reflects all interest earnings in all non-restricted cash accounts that belong to the General Fund.

Special Assessments
Non-advalorem tax revenue received from the property owners of the District for the maintenance and operational costs of the District. The special assessment fee proposed rate is $146.00 per ERU.

Miscellaneous Income
This code is for revenue that does not qualify for any of the other revenue categories.

Storm Water Drainage Fees for Land Purchase Bond Payment
Revenue received from the City of Port St. Lucie for the assessment placed on property owners for the maintenance of the Storm Water Drainage system. Presently the District receives 75% of the total amount assessed on property owners of the District. District will receive additional funding $400,000 for land purchase bond payment.

OPERATING EXPENSE’S
Operating expenses include the cost for personnel, materials, maintenance, service and equipment required for the general operations for the St Lucie West Services District.

Board of Directors

Executive Salaries
Salaries paid to the Board of Directors for their public service. Salaries are paid at a $200 per board meeting, for a total maximum amount of
$4,800 per seat, per fiscal year. This expense is shared equally with the Water & Sewer fund.

FICA
This line includes the Districts portion of the social security and Medicare expense for Board Members of the District. The Federal rate for these combined expenses is 7.65% of total salaries.

Board Meeting Expenses
This includes expenses directly relating to board meetings, including location charges and/or any other charges incurred.

District Manager

Assessment Program
Charges for the Assessment program including placing the assessment on the tax rolls.

Operations & Maintenance Services
Includes expenses for general maintenance contracts for services. Such services are provided for special studies and operating maintenance by outside contractors.

Management Contract
Charges directly relating to the District Manager’s service contract. The charge for FY 2024 is based on the Contract for the District Manager which is shared between the Water & Sewer Fund 50% and the General Fund 50%.

Travel & Per Diem
Charges billed directly from the SDS, Inc. or the District Manager for travel expenses as allowed by the contract for District Business. All charges are billed in accordance with Section 112.061, Florida Statutes.

Finance

Dissemination Agent
This line includes charges for a dissemination agent who prepares reports regarding the compliance with bond issues. Budget assumes no increase from previous year’s expenses.

Arbitrage
This line includes charges relating to the annual arbitrage review relating to interest earned versus interest paid. Budget assumes a minor increase from the previous year’s expenses.

Accounting Services
This includes the contracted services for Financial Services with SDS, Inc. The expense is shared with the Water & Sewer Fund.

Auditing
This includes expenses that are incurred from the District’s Annual Financial Audit as required by Florida Statutes. This amount is split between the Water & Sewer Fund and the General Fund, 56% and 44% respectively.

Banking Services
Charges for banking services such as bank service charges and trust account administration expenses.

Property & Casualty Insurance
This expense includes the annual insurance premium that provides protection for the Districts general liability, auto and property coverage. A increase is assumed for the FY2024 Budget year. Coverage is from October 1 through September 30 each year.

Property Taxes & Assessments
Charges from St. Lucie County for placing the special assessments on the tax roll. Charge is equal to 2% of the total assessments placed on the tax roll and for 15% of the City of PSL Stormwater Special Assessment section of the Interlocal Agreement.
Grant Management

Contractual Services
Contractual services provided by a Grant Coordinator if needed.

Clerk to the Board

Other Contractual Services
Contractual services provided by SDS, Inc for the Board Clerk and records service provided. This expense is shared with the Water & Sewer Fund.

Postage & Freight
This line item includes postages charges that are invoiced from the Board Clerks office. These charges include postage charges for sending out regular mail and vendor checks.

Printing & Binding
Charges for printing and binding agendas, packages, audit reports and budget materials as well as copy charges for the normal daily workflow.

Legal Ads
Charges for legal ads posted in the local newspapers for notices of Board meetings and Public Hearings.

General Counsel

Legal Services
Legal fees associated with the District’s Attorney. These fees include charges for regular legal business matters within the District.
Special Counsel

Legal Services
Legal fees associated with any labor matters the District may have. For the FY2024 budget this line item particularly refers to legal matters regarding labor issues.

Engineering Services

Engineering Services
Charges billed from the District Engineer office. These charges include Work Authorization preparation, Board meeting assistance as well as any other engineering expense relating to the General Fund activities.
Pollution Control

Regulatory & Permit Fees
The District is required to pay an annual fee for the regulatory permit for Pollution Control.

GENERAL FUND ADMINISTRATION DIVISION
Personnel Expenses

Regular Salaries
Includes Administration Division employees’ basic salaries. The total budget is estimated using a tabulation of all approved positions, applying the appropriate increases and allowing a factor for unfilled vacancies. There are no new positions planned for this FY. This year we are proposing to give a 6.4% increase to all employees based on the Bureau of Labor Statics CPI. This also reflects licenses or certifications.

Overtime
This line includes overtime expenses.

FICA
This line includes the Districts portion of the social security and Medicare expense for Salaries of the District’s employees. The Federal rate for these combined expenses is 7.65% of total salaries.

Retirement Contributions
After one year of employment the District provides a 9.0% contribution into a SEP IRA for all full-time employees. This compensation is paid on a monthly basis.

Health, Life and Dental Insurance
This includes health, life and dental insurance benefits provided to all employees of the District.

Workers Compensation
The District provides workers compensation to any employee who is injured while at work. Under the provisions of the Florida Workers Compensation law, a no-fault insurance plan which is supervised by the State of Florida, the District pays for 100% of these benefits.

Unemployment Compensation
The District is required to reimburse the Unemployment Compensation Fund for any unemployment claims paid on behalf of the District.

Uniforms
The District provides an allotted amount of uniforms and/or safety equipment for all District employees each year depending on their position.

Training, Cont. Education & Licensing
The District provides the employee with training opportunities in order to upgrade or obtain additional certifications. These certifications include all office related education, Computer programming, HR classes, and Microsoft Technology

Vehicle Allowance
The District provides for a vehicle allowance for certain positions instead of providing a vehicle and associated costs.

Annual PTO
The District provides personal leave and allows a maximum cash-out each year, this code covers the maximum exposure for each FY.

Cell Phone Stipend
The District provides optional cell phone stipend to all employees, this code covers the maximum exposure for each FY.

Administration (Operating)

Other Contractual Services
Charges for miscellaneous expenses relating to the repairs of office equipment, Air/conditioning service, Computer support, pest control and Security alarm repairs ECT.

Website Maintenance
The District will be looking into upgrading the current website with increased functions for the budget year.

Water – Irrigation
This covers the expense of using irrigation water on District owned common ground areas and the District Utility and Maintenance site, including the Administration Building.

Telephone & Cell Services
These charges include the landline telephone service that is used in the District office as well as cellular phone services. District Staff will continue to look at alternatives in the 2024 budget year to reduce costs of communications.

Postage & Freight
This line item includes postages charges for the District.

Electricity Services
Includes electricity charges for grounds, signs and control gates as well as a split for the administrative building owned by the District.

Equipment Leasing
The District has one copier that is leased.

Administrative Maintenance
These charges include weekly cleaning of the District’s buildings. This also includes extra services such as carpet cleaning and furniture upholstery.

Contingencies Hurricane
This account is allocated to fund any extraordinary expenses the District incurs relating to hurricane preparation and/or damages to District property for budget year 2024.

Office Supplies
Includes general supply charges for the operations of the Districts offices.

Fuel & Lubricants-Vehicles
Fuel purchased for all vehicles used in the General Fund. The FY2024 shows an increase of 20%.

Operating Supplies and Expenses
Supplies bought for products used by district employees such as soap, air fresheners, towels, etc. This would include any item not provided for by the Administrative Maintenance service provider.

Computer Software/Licensing
Charges for yearly software and/or licensing obligations for computer equipment and software used by the District.

Computer Hardware/Supplies
Charges that are expended for the purchase of new computer hardware and a new administration server.

Fuel & Lubricants-Equipment
Fuel purchased for all equipment used in the General Fund. Such equipment includes tractors, mowers, boats, and pumps. The FY-2024 Budget assumes a 20% increase.

Minor Construction Expenses
This includes miscellaneous repairs that are associated with the District Administration Building and Operations Center.

General Fund Administration Division – Capital Outlay

Equipment
This code is for equipment purchases such as vehicles and tractors over $1,000. No other expenditures planned for this fiscal year.

Building
This code is for buildings or land purchases over $1,000. No expenditures planned for this fiscal year.

Other
This code is for any other Capital purchases over $1,000. No expenditures planned for this fiscal year.
AQUATICS DIVISION
Aquatics Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Aquatics Division (Operating)

Operations & Maintenance Services
Includes expenses for general maintenance contracts for services. Such services are provided for special studies and operating maintenance by outside contractors.

Disposal Fees
Charges incurred for the disposal of certain aquatic plant material.

Operating Supplies
General supplies for the day-to-day operations of the District. Includes supplies for the shop, exotic plant removal, aquatics division, and the storm water division.

Vehicle Maintenance, Equipment Maintenance, and Miscellaneous Expenses
The above categories are the same as described in the Administration Budget.

Chemicals
This includes all chemicals used for aquatic weed control herbicides, algaecides, Sonar.

Machinery & Equipment
The District staff is requesting some new machinery that is not considered a capital expense according to the Districts capital expenditure threshold. This includes new sprayers and backpack sprayers for use in aquatic weed control.
General Fund Aquatics Division – Capital Outlay

Equipment; Building; Other
The replacement of a Ford F-150 truck to a Ford Ranger for $42,000.00 in FY2024. No other expenditures planned for this fiscal year.

STORM WATER MAINTENANCE DIVISION
Storm Water Maintenance Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Storm Water Maintenance Division (Operating)

Operations & Maintenance Services, Disposal Fees, Operating Supplies, Chemicals, and Machinery & Equipment
The above categories are the same as described in the Aquatics Division Budget.

Laboratory Services
This line item includes laboratory services for tests related to the stormwater ponds.

Landscape Materials
This line item includes plant material for stormwater banks and preserves and improved landscaped areas owned by the District.

Vehicle Maintenance, Equipment Maintenance, Miscellaneous Expenses, and Electricity Services
The above categories are the same as described in the Administration Budget.

General Fund Storm Water Division – Capital Outlay

Equipment; Building; Other
There are no expenditures planned for the Storm water department for this fiscal year.

EXOTIC PLANT REMOVAL DIVISION
Exotic Plant Removal Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget
Exotic Plant Removal Division (Operating)

Operations & Maintenance Services, Disposal Fees, Operating Supplies, Chemicals, and Vehicle Maintenance,
The above categories are the same as described in the Stormwater Division Budget.

Maintenance Contract
General Fund Exotic Plant Removal Division – Capital Outlay

Equipment; Building; Other
The replacement of a Ford F-350 truck for $72,000.00 and a mule replacement for $13,000.00 for FY2024 and no other expenditures are planned for this fiscal year.

SHOP OPERATION DIVISION
Shop Operational Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget
Shop Operations Division (Operating)

Operations & Maintenance Services, Disposal Fees, Operating Supplies, and Vehicle Maintenance
The above categories are the same as described in the Stormwater Division Budget.

General Fund Shop Operations Division – Capital Outlay

Equipment; Building; Other
The replacement of a diagnostic scanner for $4000.00 for FY 2024 and no other expenditures are planned for this fiscal year.

General Fund Renewal & Replacement Fund
The line item is for Storm Water Renewal and Replacement Fund recommending 5% of the Maintenance Special Assessments Revenue for emergency repairs related to the storm water infrastructure and planned Capital Improvement Projects which were not captured in the Water Management Bond.
Emergency Stormwater Repairs:  $ 256,099

ST. LUCIE WEST SERVICES DISTRICT
WATER AND SEWER FUND BUDGET OVERVIEW

Budget Discussion
The budget is an annual process that involves the Board of Supervisors, District Manager and staff, operations and billing personnel, engineers, rate consultant and others. This process must first consider anticipated revenues we will receive from operations to determine the resources available to be budgeted. First claim on the resources will be the essential costs necessary for the proper operation and maintenance of the utility operations. The next priority must be to fund those areas necessary to satisfy the requirements of the revenue bonds issued to build and improve the water and sewer systems. Any remaining funds may then be utilized for the capital improvement program and remaining needs.

We have divided the budget into two parts: the operating budget, which includes the Debt Service Requirements and the capital improvement budget. The operating budget includes routine operating expenditures. The capital budget is for infrastructure improvements, system expansion to handle customer growth, renewal and replacements, service extensions and additions or extraordinary repairs.
Certain decisions, especially in the capital improvement program, made during the budget process have an impact that extends to multiple fiscal years and not only the year in which the Board approves the budget. In order to demonstrate this impact, we have developed five (5) year forecasts for both the operating and capital budgets.

We anticipate finishing FY 2023 with a deficit due in part to the elevated costs with inflation and increased costs due to availability. The Proposed Budget for FY 2024 reflects a 5.0% Rate Increase. The Proposed Budget for FY 2024 anticipates a deficit due to several major projects.

Assumptions Used in Preparing the Budget

Inflation – The following inflationary rates are utilized; for the regular salaries line item the rate increased to 6.4% for FY 2024 and was based upon the change in the U.S. Bureau of Labor Statistics Consumer Price Index - All Urban Customers, U.S. City Average, Services, for most other line items, where applicable, a general inflationary rate of 2% is utilized. There are some exceptions such as health insurance 10% this year, and liability insurance 9.45% this year for which national projections call for continuing increases. Energy costs are expected to grow at an inflation rate of 10.0% as well.
Rate Adjustment – There is a 5.0 % rate increase planned for FY 2024 in this budget based on the current factors. The Rate Stabilization Fund balance is not expected to exceed $585,405 for FY2024.

Operating Improvements
This budget includes a few small dollar cost improvements. We are continuing the funding of the water conservation effort with customers by providing rebate on items such as low flow toilets and low flow shower heads. This program will be funded at an annual amount of $12,000 and is designed to encourage water conservation.

We are also taking efforts to improve customer service and billing for the utility, an item in the District’s Strategic Plan. The District will continue to conduct training sessions for customer service.

Capital Improvement Program

The capital improvement program has several items for your review, a total cost in FY 2024 of
$2,185,101. In a continuation of a change started in FY 2006, we are proposing to continue to pay for the capital items directly rather than financing the purchase over several years. The typical interest rates charged for lease financing are significant, and therefore the District can save a significant amount by purchasing these items rather than leasing them. The Renewal and Replacement Fund Budget is $1,373,043; the Water Connection Fee Budget is $0; the Wastewater Connection Fee Budget is $0 and the Capital Outlay Budget is $174,500 for FY 2024.
Major capital projects contained in the capital budget for FY 2024 include the continuation of the Lift Station Renewal and Replacement project at $215,833, Emergency Renewal and Replacement Projects at $224,400. The Capital Outlay Budget for the Utility Fund is proposing the replacement of vehicles and equipment all totaling for $174,500.

AFPI Revenue
$85,000.00 0.82%

Other Operating Revenue
$82,411.00 0.80%

Wholesale Water & Wastewater $714,291.00 6.90%

Billed Water Revenues
$3,502,541.00 33.82%

Billed Irrigation Revenue
$1,940,825.00 18.74%

Billed Wastewater Revenues $4,030,525.00 38.92%

TOTAL REVENUES	$	10,355,593

PERCENT	
  REVENUES		

	TOTALS	

Billed Water Revenues	
Billed Wastewater Revenues	
Billed Irrigation Revenue	
Wholesale Water & Wastewater	
AFPI Revenue	
Other Operating Revenue	

$ 3,502,541.00	
$ 4,030,525.00	
$ 1,940,825.00	
$	714,291.00	
$	85,000.00	
 $	82,411.00 	

33.823%	
38.921%	
18.742%	
6.898%	
0.821%	
      0.796%	

TOTAL REVENUE

$	10,355,593

100.00%

W&S PRIOR YEARS FUND BALANCE	$	5,386,130

Rate Stabilization Fund Transfer
0.46%

Board of Supervisors 0.13%

District Manager 0.26%

Property Control 0.34%

Clerk to the Board 0.18%

R & R Transfers 6.29%

Finance 4.20%

Utility Rate Consultant 0.19%

Legal Services 0.46%

Rate Stabilization Fund 0.90%

	Engineering Services
0.91%

Shop Division Irrigati2o%n Division
3.43%

Administration Division 18.23%

Underground Utilities Division 14.49%

Wastewater Treatment Plant Division
10.57%

Water Treatment Plant Division 14.06%

TOTAL EXPENDITURES	$	10,835,524

PERSONNEL	
OPERATING	CAPITAL 
OUTLAY 		
TOTALS		

PERCENT	
 EXPENDITURES	

Board of Supervisors	12,918	1,493		$	14,411	0.133%	
District Manager	25,983	1,697		$	27,680	0.255%	
Finance		455,503		$	455,503	4.204%	
Property Control		36,800		$	36,800	0.340%	
Utility Rate Consultant		20,748		$	20,748	0.191%	
Clerk to the Board		19,856		$	19,856	0.183%	
Legal Services		49,878		$	49,878	0.460%	
Engineering Services		98,739		$	98,739	0.911%	
Administration Division	1,367,213	575,426	33,000	$	1,975,639	18.233%	
Water Treatment Plant Division	505,503	982,699	35,000	$	1,523,202	14.057%	
Wastewater Treatment Plant Division	501,109	643,882	-	$	1,144,991	10.567%	
Underground Utilities Division	915,595	552,336	102,500	$	1,570,431	14.493%	
Irrigation Division	72,812	298,329	-	$	371,141	3.425%	
Shop Division	181,984	34,699	4,000	$	220,683	2.037%	
Debt Service Payments				2,574,555	23.760%	
Rate Stabilization Fund Transfer				50,000	0.461%	
R & R Transfers				                           681,267  		6.287%	

TOTAL EXPENDITURES	$ 3,583,117	$ 3,772,085	$ 174,500	$	10,835,524	100.00%	

Water and Sewer Fund Budget Summary

	FY 2022	
	ACTUAL	

	FY 2023	 	FY 2024	

	FY 2023		
 ORIGINAL BUDGET	

	ESTIMATE	  PROPOSED 

ADD REVENUES:	
Billed Water Revenues	
Billed Wastewater Revenues	
Billed Irrigation Revenue	
Wholesale Water & Wastewater	
AFPI Revenue	
Other Operating Revenue	

	
3,321,126	
3,814,508	
1,809,280	
829,859	
35,877	
     105,082 	

	
3,335,753	
3,838,595	
1,848,405	
680,278	
85,000	
        82,411 	

	
3,335,753	
3,838,595	
1,848,405	
680,278	
85,000	
      82,411 	

	
3,502,541	
4,030,525	
1,940,825	
714,291	
85,000	
     82,411 	

TOTAL OPERATING REVENUES	9,915,732	9,870,442	9,870,442	10,355,593

NON-OPERATING INCOME AND EXPENSES	
Transfer from WCF to Pay Debt	

-	-	-	-

TOTAL NON-OPERATING REVENUES		-		-		-		- FUND BALANCE, October 1	5,056,479	5,835,606	5,835,606	5,386,130
TOTAL REVENUES AND FUNDS AVAILABLE	14,972,211	15,706,048	15,706,048	15,741,723

DEDUCT EXPENDITURES:	
Board of Supervisors	
District Manager	
Finance	
Property Control	
Utility Rate Consultant	
Clerk to the Board	
Legal Services	
Engineering Services	
Administration Division	
Water Treatment Plant Division	
Wastewater Treatment Plant Division	
Underground Utilities Division	
Irrigation Division	
Shop Division	
Debt Service Payments	
Rate Stabilization Fund Transfer Out	
Capital improvement Projects	
Renewal & Replacement Transfers	

14,218	
78,388	
274,590	
15,092	
18,012	
16,145	
11,944	
52,387	
1,190,729	
1,259,806	
963,445	
1,339,491	
279,807	
160,295	
2,570,866	
-	
-	
     891,389 	

14,379	
26,015	
368,746	
34,587	
17,000	
18,662	
47,405	
92,800	
1,847,889	
1,377,293	
1,043,498	
1,532,983	
355,637	
217,984	
2,588,416	
-	
-	
       681,267 	

14,379	
26,015	
368,746	
34,587	
19,500	
18,662	
52,405	
92,800	
1,860,388	
1,407,791	
1,071,164	
1,514,311	
345,837	
223,650	
2,588,416	
-	
-	
     681,267 	

14,411	
27,680	
455,503	
36,800	
20,748	
19,856	
49,878	
98,739	
1,975,639	
1,523,202	
1,144,991	
1,570,431	
371,141	
220,683	
2,574,555	
50,000	
-	
    681,267 	

TOTAL EXPENDITURES	9,136,604	10,264,561	10,319,918	10,835,524

FUND BALANCE, SEPTEMBER 30		5,835,607  	5,441,487  	5,386,130  	4,906,199 

Actual FY 2022

Actual YTD FY 2023

Estimate EOY FY 2023

Orig. Budget FY 2023

Final Amended Budget
FY 2023

Budget FY 2024

Water & Sewer Fund Balance (Beginning)	5,056,479	5,835,606	5,835,606	5,835,606	5,835,606	5,386,130

- 2,360,367
2,717,975
1,267,953
52,633
16,790
264,611
600
179,771
126,454
- 19,690
12,251
22,702
22,111	
$	7,063,908	

8,700
665
799	
10,164	

12,210
637	
12,847	

-
- 34,921
14,985
16,190
243,647
59	
309,802	

Rate Stabilization Fund Balance (Beginning)	585,463	585,463	585,463	585,463 OPERATING REVENUE

Grants	-
5-04006	Billed Water Revenue Consumption	3,321,125.87
5-04007	Billed Wastewater Revenue Consumption	3,814,507.75
5-04009	Billed Irrigation Revenue Consumption	1,809,279.67
5-04010	Late Fees	74,012.67
5-04012	Miscellaneous Fees	10,093.96
5-04014	Wholesale Water Revenue	501,708.17
5-04018	Meter Set Fees	150.00
5-04021	Wholesale Wastewater Revenue	328,150.41
5-04022	Interest (Operating)	307.96
Rate Stabilization Fund	-
5-04047	Backflow Prevention Program	11,125.83
5-04046	Tanker Truck Water Service	9,391.25
5-04033	Water Impact (AFPI)	12,777.28
5-04035	Wastewater Impact (AFPI)	23,100.00

-	-	-

- 3,502,541
4,030,525
1,940,825
38,000
5,000
365,535
4,040
348,756
5,571
- 25,000
4,800
45,000
40,000
 $	10,355,593 

3,147,156	3,335,753	3,335,753
3,623,967	3,838,595	3,838,595
1,690,604	1,848,405	1,848,405
52,633	38,000	38,000
16,790	5,000	5,000
352,815	348,129	348,129
600	4,040	4,040
239,695	332,149	332,149
168,605	5,571	5,571
-	-	-
19,690	25,000	25,000
12,251	4,800	4,800
22,702	45,000	45,000
22,111	40,000	40,000

Total Revenues

$	9,915,731

$	9,369,619	$

9,870,442

$	9,870,442

OPERATING EXPENSES
 Board of Supervisors
5-05001	Executive Salaries	11,800
5-05002	FICA	903
5-05004	Board Meeting Expenses	1,515
TOTAL BOARD OF SUPERVISORS	14,218
District Manager
5-06002	Management Contract	77,600
5-06003	Travel & Per Diem	788

TOTAL DISTRICT MANAGER	78,388

Finance
5-07001	Dissemination Agent	-
5-07002	Arbitrage	-
5-07003	Accounting Services	43,313
5-07004	Auditing	14,153
5-07006	Banking Services	26,043
5-07007	Property & Casualty Insurance	190,218
5-07009	Bad Debt	863

TOTAL FINANCE	274,590

8,700	12,000	12,000

12,000
918
1,493
	14,411 

887	918	918
1,065	1,461	1,461
  
10,652	14,379	14,379

25,983
1,697
	27,680 

12,210	24,420	24,420
849	1,595	1,595
  
13,059	26,015	26,015

4,626
2,400
52,140
18,785
24,750
329,102
23,700
	455,503 

-	4,348	4,348
-	2,400	2,400
46,561	51,018	51,018
19,980	17,655	17,655
21,587	23,261	23,261
243,647	246,764	246,764
79	23,300	23,300
  
331,854	368,746	368,746

Actual FY 2022

Actual YTD FY 2023

Estimate EOY FY 2023

Orig. Budget FY 2023

Final Amended Budget
FY 2023

Budget FY 2024

Property Control
5-09001	Building & Land Rental	1,590
5-09003	Computer Software/Licensing	12,402
5-09004	Computer Hardware/Supplies	1,101

TOTAL PROPERTY CONTROL	15,092

Utility Rate Consultant
5-11001	Other Contractual Services	18,012

TOTAL RATE CONSULTANT	18,012

Clerk to the Board
5-13002	Other Contractual Services	10,828
5-13004	Postage & Freight	1,669
5-13005	Printing & Binding	1,819
5-13006	Legal Ads	1,828

TOTAL CLERK TO THE BOARD	16,145

Legal Services
5-19001	General Counsel	11,944
5-23001	Special Counsel	-

TOTAL LEGAL COUNSEL	11,944

Engineering Services
5-26002	Engineering Services	52,387

TOTAL ENGINEERING	52,387

ADMINISTRATION DIVISION
Personnel
5-14001	Regular Salaries	281,097
5-14003	Overtime	5,445
5-14004	FICA	28,367
5-14005	Retirement Contributions	34,312
5-14006	Health/Life/Dental Insurance	407,489
5-14007	Workers Comp	31,632
5-14008	Unemployment Compensation	-
5-14010	Uniforms	642
5-14012	Training & Education Costs	5,575
5-14013	Vehicle Allowance	6,429
5-14014	Annual PTO	-
5-14015	Cell Stipend		1,163 
Total Administration Personnel: 	802,152  ADMIN Operating
5-29001	Other Contractual Services	165,078
5-29002	Website Maintenance	4,205

2,768	2,159	2,159

2,297
15,612
18,891
	36,800 

2,076
1,409
3,264	
6,749	

17,005	
17,005	

8,730
1,203
1,388
1,234	
12,555	

8,524
7,845	
16,369	

73,389	
73,389	

321,545
4,936
27,231
33,469
398,841
29,180
- 2,477
3,594
1,800
5,558
1,080	
829,711	

143,911
2,884	

1,879	14,673	14,673
4,352	17,755	17,755

8,999	34,587	34,587

20,748
	20,748 

22,673	17,000	19,500

22,673	17,000	19,500

12,930
1,959
2,816
2,151
	19,856 

11,640	12,152	12,152
1,604	1,841	1,841
1,851	2,647	2,647
	1,645  	2,022  	2,022 
	16,740  	18,662  	18,662 

41,111
8,767
	49,878 

11,365	38,638	38,638
	10,460  	8,767  	13,767 
	21,825  	47,405  	52,405 

	97,852  	92,800  	92,800 	98,739
	97,852  	92,800  	92,800  	98,739 

471,035
7,603
40,535
45,416
717,488
45,001
2,605
4,326
7,954
12,852
10,703
1,695
	1,367,213 

428,727	433,702	442,702
6,581	7,146	7,146
36,308	37,549	38,238
44,625	42,039	42,849
531,788	689,892	689,892
38,907	42,858	42,858
-	2,448	2,448
3,303	4,066	4,066
4,792	7,476	7,476
2,400	12,079	12,079
7,411	10,059	10,059
1,440	1,593	1,593

1,106,282	1,290,907	1,301,406

235,347
5,412

191,881	221,191	221,191
3,845	5,086	5,086

	1,086,834 

241,489
45,795
21,836
25,579
1,710
1,924
-
	675 
	339,008 

	TOTAL ADMINISTRATION		1,190,729 	
WATER TREATMENT PLANT DIVISION	
Personnel		
Regular Salaries	277,285	
Overtime	38,367	
FICA	23,717	
Retirement Contributions	28,444	
Uniforms	411	
Training & Education Costs	2,059	
Annual PTO	-	
Cell Stipend			1,043 	
Total WTP Personnel: 		371,325 	
WTP Operating	
Other Contractual Services	41,177	
Operations & Maintenance Services	348	
Laboratory Services	19,175	
Operating Supplies	5,404	
Electricity Services	223,120	
Plant Maintenance	69,323	
Chemicals	461,380	
Water Conservation Grant Program	16,387	
Backflow Prevention Program			23,745 	
Total WTP Operating: 		860,058 	

5-15001	
5-15002	
5-15003	
5-15004	
5-15008	
5-15010	
5-15011	
5-15012	

5-30001	
5-30002	
5-30003	
5-30004	
5-30005	
5-30007	
5-30009	
5-30010	
5-30011	

321,985	331,770	331,770	353,003	
61,060	48,745	63,745	67,825	
29,115	29,509	30,657	32,619	
34,105	34,246	35,596	37,875	
2,280	2,193	3,193	3,397	
2,565	4,912	4,912	5,226	
-	3,803	3,803	4,046	
900	1,421	1,421	1,512	
452,010	456,599	475,097		505,503 	

49,901	66,535	72,199	72,199	76,820	
-	-	2,131	2,131	2,267	
29,057	38,743	30,874	34,874	37,106	
1,866	2,488	7,051	7,051	7,502	
166,115	221,487	250,465	250,465	273,007	
35,100	46,800	87,589	87,589	93,195	
314,975	419,967	420,385	428,385	455,802	
5,089	-	12,000	12,000	12,000	
	20,185 		- 		25,000 		25,000 	25,000	
	622,288 		796,020 		907,694 		919,694 		982,699 	

Actual		
Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2022		FY 2023		FY 2023		FY 2023	

 
Final Amended Budget	
FY 2023	

 

Budget	
FY 2024	

5-29003	
5-29004	
5-29005	
5-29006	
5-29007	
5-29008	
5-29011	
5-29012	
5-29013	
5-29014	
5-29015	
5-29016	
5-29017	
5-29018	

5-29101	
5-29102	
5-29103	

Operating Supplies	7,112	8,900	11,867	11,220	13,220	14,066	
Storm Water Fees	42,615	8,730	11,640	45,000	45,000	45,000	
Telephone & Cell Service	7,942	8,589	11,452	13,213	13,213	14,059	
Postage & Freight	27,953	17,573	23,431	32,900	32,900	35,006	
Equipment Leasing	3,189	2,013	-	2,989	2,989	3,180	
Administrative Maintenance	1,489	1,457	1,943	2,704	2,704	2,877	
Contingencies - Hurricane	-	-	-	-	-	-	
Office Supplies	3,529	2,554	3,405	5,046	5,046	5,096	
Fuel & Lubricants - Vehicle	64,936	48,278	64,371	67,017	67,017	71,708	
Fuel & Lubricants - Equipment	18,768	6,964	9,285	17,044	17,044	18,237	
Minor Construction Expenses	380	139	185	1,665	1,665	1,772	
Project Maintenance Fees	6,685	-	-	11,685	11,685	11,685	
Contingency (1.5%)	-	-	-	101,272	101,272	105,495	
Electricity Services	6,273	5,131	6,841	5,950	5,950	6,486	
Total Administration Operating:	360,154	257,123	340,146	543,982	545,982		575,426 	
Capital Outlay Administration	
Equipment	-	-	-	-	-	-	
Building	28,423	-	-	13,000	13,000	33,000	
Other	-	-	-	-	-		- 	
Total Administration Capital Outlay:	28,423	-	-	13,000	13,000		33,000 	

	1,446,428  	1,847,889  	1,860,388  	1,975,639 

5-16001	
5-16002	
5-16003	
5-16004	
5-16008	
5-16010	
5-16011	
5-16012	

5-31001	
5-31002	
5-31003	
5-31004	
5-31005	
5-31006	
5-31008	
5-31010	

5-31101	
5-31102	
5-31103	

293,677	337,168	341,168	363,003	
44,156	51,223	51,223	54,501	
26,776	30,097	30,403	32,349	
29,048	34,955	35,315	37,575	
3,311	2,609	2,609	2,776	
2,809	4,214	5,214	5,548	
1,436	3,950	3,950	4,203	
707	1,085	1,085	1,154	
401,920	465,301	470,967		501,109 	
-		
31,477	40,634	40,634	43,235	
3,913	9,308	9,308	9,904	
31,300	30,630	32,630	34,718	
14,004	17,140	17,140	18,237	
111,877	100,247	110,247	117,303	
174,319	202,719	202,719	220,964	
62,469	57,636	67,636	71,965	
	115,187 		119,883 		119,883 	127,556	
	544,546 		578,197 		600,197 		643,882 	

-	-	-	-
-
	- 	
-	-	-		
-	-	-		
-	-	-		- 	
	
	946,466 	1,043,498	1,071,164		1,144,991 	

5-17001	
5-17002	
5-17003	
5-17004	
5-17008	

613,385	652,642	
103,391	110,008	
55,460	59,009	
64,510	68,639	
6,690	7,118	

WASTEWATER TREATMENT PLANT DIVISION
Personnel			-	-	
Regular Salaries	275,112	220,258		
Overtime	49,006	33,117		
FICA	25,089	20,082		
Retirement Contributions	27,576	21,786		
Uniforms	1,991	2,483		
Training & Education Costs	2,636	2,107		
Annual PTO
Cell Stipend			70
789 	1,077
	530 		
Total WWTP Personnel: 	382,268  	301,440 
WWTP Operating	
Other Contractual Services	36,146	23,608						
Operations & Maintenance Services	7,936	2,935						
Laboratory Services	16,637	23,475						
Operating Supplies	13,628	10,503						
Sludge Disposal	103,243	83,908						
Electricity Services	189,794	130,739						
Plant Maintenance	43,400	46,852						
Chemicals		101,459 		86,390 						
Total WWTP Operating: 	512,241 
Capital Outlay WWTP
Equipment	68,936		408,410 

-						
Building	-	-						
Other	-	-						
Total WWTP Capital Outlay:	68,936	-						
							
TOTAL WASTEWATER TREATMENT PLANT DIVIS	963,445	709,850						
UNDERGROUND UTILITIES DIVISION
Personnel
Regular Salaries	414,416	

435,696		

580,928		

611,385		
Overtime	49,312	91,049		121,399		73,391		
FICA	34,704	39,806		53,075		53,012		
Retirement Contributions	35,038	32,035		42,713		61,630		
Uniforms	3,359	5,016		6,688		6,690		

Actual		
Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2022		FY 2023		FY 2023		FY 2023	

 
Final Amended Budget	
FY 2023	

 

Budget	
FY 2024	

5-30101	
5-30102	
5-30103	

Capital Outlay WTP	
Equipment	-	-	-		-	-
35,000
	- 	
Building	28,423	-	-	13,000	13,000		
Other	-		-	-	-		
Total WTP Capital Outlay:	28,423	-	-	13,000	13,000		35,000 	
TOTAL WATER TREATMENT PLANT DIVISION	1,259,806	961,296		1,248,030 	1,377,293	1,407,791		1,523,202 	

5-17010	
5-17011	
5-17012	

5-32001	
5-32002	
5-32003	
5-32004	
5-32005	
5-32006	

5-32101	
5-32102	
5-32104	
5-32103	

Training & Education Costs	4,053	3,984
- 1,460
609,046

140,357
83,412
57,511
33,883
22,197
18,133
355,493

111,227
9,000
-
-
120,227
1,084,766

37,708
3,268
2,941
3,704
419
819
- 180
49,039

17,235
31,168

1,026
103,478
8,617
-
161,524

-
-
-	5,312	9,468	9,468	9,468	
Annual PTO	-		-	5,685	5,685	6,049	
Cell Stipend	1,437		1,947	2,502	2,502	2,662	
Total UGU Personnel:	542,319		812,062	823,763	861,091		915,595 	
UGU Operating							
Other Contractual Services	280,886		187,143	268,567	193,567	205,955	
Operations & Maintenance Services	144,946		111,216	121,608	121,608	129,391	
Operating Supplies	99,437		76,681	87,070	87,070	92,642	
Electricity Services	47,133		45,177	57,010	57,010	62,141	
Vehicle Maintenance	31,558		29,596	33,143	33,143	35,264	
Lift Station Maintenance	18,685			24,177 		24,322 		25,322 	26,943	
Total UGU Operating:	622,645			473,990 		591,720 		517,720 		552,336 	
Capital Outlay UGU							
Equipment	143,652		111,227	95,000	113,000	95,000	
Building	29,825		9,000	20,000	20,000	5,000	
New Meters	1,050		-	2,500	2,500	2,500	
Other	-		-	-	-	-	
Total UGU Capital Outlay:	174,527		120,227	117,500	135,500		102,500 	
							
TOTAL UNDERGROUND UTILITIES DIVISION	1,339,491			1,406,279 	1,532,983	1,514,311		1,570,431 	
IRRIGATION DIVISION							
Personnel							
Regular Salaries	39,996		50,277	51,652	51,652	54,958	
Overtime	1,821		4,357	4,582	4,582	4,875	
FICA	2,989		3,921	4,389	4,389	4,670	
Retirement Contributions	3,814		4,939	5,061	5,061	5,385	
Uniforms	628		559	628	628	668	
Training & Education Costs	239		1,092	777	977	1,040	
Annual PTO	-		-	863	863	918	
Cell Stipend	100		240	280	280	298	
Total IRR Personnel:	49,587		65,385	68,232	68,432		72,812 	
IRR Operating							
Other Contractual Services	18,252		22,980	31,499	31,499	33,515	
Operations & Maintenance Services	24,958		41,557	47,461	37,461	39,859	
Laboratory Services	-		-	250	250	266	
Operating Supplies	667		1,368	7,195	7,195	7,655	
Electricity Services	145,446		137,971	170,000	170,000	185,300	
Maintenance - Irrigation	19,039		11,489	30,500	30,500	31,202	
Chemicals	-			- 		500 		500 	532	
Total IRR Operating:	208,362			215,365 		287,405 		277,405 		298,329 	
Capital Outlay IRR							
Equipment	21,858		-	-	-	-	
Building	-		-	-	-	-	
Other	-		-	-	-	-	

5-18001	
5-18002	
5-18003	
5-18004	
5-18008	
5-18009	
5-18010	
5-18011	

5-33001	
5-33002	
5-33003	
5-33004	
5-33005	
5-33008	
5-33010	

5-33101	
5-33102	
5-33103	

	

	

Actual		
Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2022		FY 2023		FY 2023		FY 2023	

 
Final Amended Budget	
FY 2023	

 

Budget	
FY 2024	

21,858

-

-

-

-

-

-

-

Actual FY 2022

Actual YTD FY 2023

Estimate EOY FY 2023

Orig. Budget FY 2023

Final Amended Budget
FY 2023

Budget FY 2024

Total IRR Capital Outlay:	-	-

 TOTAL IRRIGATION DIVISION	279,807 	210,563		280,750 		355,637	345,837		371,141	
	
SHOP & MAINTENANCE OPERATIONS DIVISION
Personnel						
5-40001	Regular Salaries	97,576	96,169	128,225	128,525	132,525	141,007	
5-40002	Overtime	3,875	5,973	7,964	7,268	7,268	7,733	
5-40003	FICA	7,532	7,691	10,255	10,555	10,861	11,556	
5-40004	Retirement Contributions	9,229	9,258	12,344	12,221	12,581	13,387	
5-40013	Uniforms	745	845	1,127	1,308	1,308	1,392	
5-40015	Training, Cont. Educ., and Licensing	1,308	740	987	3,319	4,319	4,595	
5-40016	Annual PTO	-	1,234	1,645	1,735	1,735	1,846	
5-40017	Cell Stipend		166 	135		180 		440 	440	468	
	Total Shop & Maintenance Personnel: 	120,431 	122,045		162,727 		165,371 	171,037	181,984	
	Shop & Maintenance Operating						
5-41001	Operations & Maintenance Svc	11,147	5,792	7,723	14,187	14,187	15,095	
5-41002	Disposal Fees	1,109	537	716	1,834	1,834	1,951	
5-41003	Operating Supplies	4,258	2,325	3,100	5,992	5,992	6,375	
5-41006	Machinery & Equipment		8,415 	3,271		4,361 		10,600 	10,600	11,278	
Total Shop & Maintenance Operating: 	24,929 	11,925		15,900 		32,613 	32,613		34,699	
Capital Outlay Shop & Maintenance							
5-41101	Equipment	14,935	4,826		4,826	10,000	10,000	4,000	
5-41102	Building	-	-		-	10,000	10,000	-	
5-41103	Other	-	-		-		-		
	Total Shop & Maintenance Capital Outlay:	14,935	4,826		4,826	20,000	20,000	4,000	
									
TOTAL SH OP & MAINTENANCE OPERATIONS DIVISION	160,295	138,796 		183,453		217,984	223,650	220,683	
Total Operating Expenses		5,674,349 		4,650,985			6,035,060	6,994,878 		7,050,235		7,529,702	

NON-OPERATING INCOME AND EXPENSES
Other Income
Transfer from Water Connection Fees to Pay Debt	

-	

-	
5-34001	TOTAL NON-OPERATING INCOME	-	-	
	
DEBT SERVICE EXPENSES			
5-27011	Cost of Issuance	-	-	
5-27013	Principal 2014 Bond Issue	190,000	-	
5-27012	Interest 2014 Bond Issue	349,965	171,847	
5-27008	Principal 2011 Bond Issue	1,200,000	-	
5-27007	Interest 2011 Bond issue	473,159	215,796	
5-27010	Principal 2013 Bond Issue	275,000	-	
5-27009	Interest 2013 Bond issue	82,742	38,029	

	-	- 
	-	- 

-
-	200,000	200,000	210,000	
171,847	349,965	349,965	337,095	
-	1,235,000	1,235,000	1,270,000	
215,796	431,116	431,116	388,385	
-	280,000	280,000	285,000	
38,029	92,335	92,335	84,075	

425,672	

-	
-	

- 510,950
-
-	

Actual FY 2022

Actual YTD FY 2023

Estimate EOY FY 2023

Orig. Budget FY 2023

Final Amended Budget
FY 2023

Budget FY 2024

	   
TOTAL DEBT SERVICE:	2,570,866	425,672		2,588,416 	2,588,416	2,574,555	

RATE STABILIZATION						
Transfer Out to Rate Stabilization Fund	-	-		- 		
	50,000	
TOTAL RATE STABILIZATION SERVICE:	-	-		- 		-	50,000	

CAPITAL IMPROVEMENT & TRANSFERS
Capital Improvement Program - WWTP Expans	

-	

-	

-	
5-28127	Required R&R Transfer to Capital (5%)	491,389				510,950		481,267	481,267	481,267	
	Additional R&R Transfer for CIP's	400,000				-		200,000	200,000	200,000	
	Cash Carry Forward for R&R CIP	-				-		-	-	-	
	TOTAL CI & TRANSFERS EXPENSES:	891,389		510,950		510,950		681,267	681,267	681,267	

Total Expenses	$	9,136,604	$	5,587,607	 $  6,971,682	$	10,264,561 		$	10,319,918	$	10,835,524	

 				
Total Revenues	$	9,915,731	$	7,063,908	 $  9,369,619	$	9,870,442 		$	9,870,442	$	10,355,593	

Surplus/(Deficit) Before Transfer from							
(to) Operating Reserve	779,127	1,476,301	2,397,937	(394,119)	(449,476)	(479,931)	
							
Available Operating Cash Balance (Ending)	$	5,835,606	$	7,311,907		$  8,233,543	$	5,441,487		$	5,386,130	$	4,906,199	

*Coverage Provided (Required > 1.10)	
1.76	
1.14	
1.13	
1.11	
**Coverage w/R&R deducted (Required > 1.0	1.49	0.99	0.98	0.97	

Index Rate Increase (included in revenues)	
0.00%		
0.00%		
0.00%	
	0.00%	
0.00%		
5.00%	
Total Effective Rate Increase	0.00%		0.00%		0.00%	0.00%	0.00%		5.00%	

OPERATING EXPENSES	
 Board of Supervisors	
Executive Salaries	12,000	12,000	12,000	12,000	
FICA	918	918	918	918	
Board Meeting Expenses	1,526	1,560	1,594	1,629	
TOTAL BOARD OF SUPERVISORS	14,444	14,478	14,512	14,547	
District Manager	
Management Contract	26,555	27,139	27,736	28,346	
Travel & Per Diem		1,734 		1,772 		1,811 		1,851 	
TOTAL DISTRICT MANAGER		28,289 		28,911 		29,547 		30,197 	

5-05001	
5-05002	
5-05004	

5-06002	
5-06003	

4,906,199	4,294,762	3,920,826	3,517,528	
635,463	635,463	635,463	635,463	

Forecast	
FY 2025	FY 2026	FY 2027	FY 2028	

5-04006	
5-04007	
5-04009	
5-04010	
5-04012	
5-04014	
5-04018	
5-04021	
5-04022	
5-04047	
5-04046	
5-04033	
5-04035	

Water & Sewer Fund Balance (Beginning)	
Rate Stabilization Fund Balance (Beginning)	
OPERATING REVENUE	

Grants	
Billed Water Revenue Consumption	
Billed Wastewater Revenue Consumption	
Billed Irrigation Revenue Consumption	
Late Fees	
Miscellaneous Fees	
Wholesale Water Revenue	
Meter Set Fees	
Wholesale Wastewater Revenue	
Interest (Operating)	
Rate Stabilization Fund	
Backflow Prevention Program	
Tanker Truck Water Service	
Water Impact (AFPI)	
Wastewater Impact (AFPI)	
Total Revenues	

-	-	-	-	
3,581,348	2.2%	3,661,928	2.2%	3,744,321	2.2%	3,828,568	
4,121,212		4,213,939		4,308,753		4,405,700	
1,984,494		2,029,145		2,074,801		2,121,484	
38,000		38,000		38,000		38,000	
5,000		5,000		5,000		5,000	
373,760		382,170		390,769		399,561	
4,040		4,040		4,040		4,040	
356,603		364,627		372,831		381,220	
5,571		5,571		5,571		5,571	
-		-		-		-	
25,000		25,000		25,000		25,000	
4,800		4,800		4,800		4,800	
1,359		1,359		1,359		1,359	
	1,125 			1,125 			1,125 			1,125 	
 $	10,502,312 		 $	10,736,704 		 $	10,976,370 		 $ 11,221,428 	

5-07001	
5-07002	
5-07003	
5-07004	
5-07006	
5-07007	
5-07009	

Finance	
Dissemination Agent	
Arbitrage	
Accounting Services	
Auditing	
Banking Services	
Property & Casualty Insurance	
Bad Debt	
TOTAL FINANCE	

4,728	4,832	4,938	5,047	
2,400	2,400	2,400	2,400	
53,287	54,459	55,657	56,881	
19,198	19,620	20,052	20,493	
25,295	25,851	26,420	27,001	
381,557	364,635	382,867	438,010	
     25,200 		25,700 		26,300 			26,900 	
     511,665 		497,497 		518,634 			576,732 	

Forecast	
FY 2025	FY 2026	FY 2027	FY 2028	

5-09001	
5-09003	
5-09004	

Property Control	
Building & Land Rental	
Computer Software/Licensing	
 Computer Hardware/Supplies		
 TOTAL PROPERTY CONTROL		

2,348	2,400	2,453	2,507	
15,955	16,306	16,665	17,032	
19,307	19,732	20,166	20,610	
37,610	38,438	39,284	40,149	

Utility Rate Consultant	
  Other Contractual Services		
 TOTAL RATE CONSULTANT		

21,204	21,670	22,147	22,634	
21,204	21,670	22,147	22,634	

5-11001

5-13002	
5-13004	
5-13005	
5-13006	

Clerk to the Board	
Other Contractual Services	
Postage & Freight	
Printing & Binding	
 Legal Ads		
	TOTAL CLERK TO THE BOARD		

13,214	
2,002	
2,878	
      2,198 	
     20,292 	

13,505	
2,046	
2,941	
      2,246 	
      20,738 	

13,802	
2,091	
3,006	
      2,295 	
     21,194 	

14,106	
2,137	
3,072	
      2,345 	
     21,660 	

5-19001	
5-23001	

Legal Services	
General Counsel	
 Special Counsel		
	TOTAL LEGAL COUNSEL		

42,015	42,939	43,884	44,849	
      8,767 		8,767 		8,767 			8,767 	
     50,782 		51,706 		52,651 			53,616 	

Engineering Services	
 Engineering Services		
	TOTAL ENGINEERING		

     100,911 		103,131 		105,400 			107,719 	
     100,911 		103,131 		105,400 			107,719 	

5-26002

5-14001	
5-14003	
5-14004	
5-14005	
5-14006	
5-14007	
5-14008	
5-14010	
5-14012	
5-14013	
5-14014	
5-14015	

5-29001	
5-29002	

ADMINISTRATION DIVISION	
Personnel	
Regular Salaries	
Overtime	
FICA	
Retirement Contributions	
Health/Life/Dental Insurance	
Workers Comp	
Unemployment Compensation	
Uniforms	
Training & Education Costs	
Vehicle Allowance	
Annual PTO	
Cell Stipend	
Total Administration Personnel:	
ADMIN Operating	
Other Contractual Services	
Website Maintenance	

481,398	491,989	502,813	513,875	
7,770	7,941	8,116	8,295	
41,427	42,338	43,270	44,222	
46,415	47,436	48,480	49,546	
767,712	821,452	878,954	940,481	
47,251	49,614	52,095	54,700	
2,662	2,721	2,781	2,842	
4,421	4,518	4,617	4,719	
8,129	8,308	8,491	8,678	
13,135	13,424	13,719	14,021	
10,938	11,179	11,425	11,676	
1,732	1,770	1,809	1,849	
1,432,990	1,502,690	1,576,570	1,654,904	

240,525	
245,817	
251,225	
256,752	
5,531	5,653	5,777	5,904	

Forecast	
FY 2025	FY 2026	FY 2027	FY 2028	

5-29003	
5-29004	
5-29005	
5-29006	
5-29007	
5-29008	
5-29011	
5-29012	
5-29013	
5-29014	
5-29015	
5-29016	
5-29017	
5-29018	

5-29101	
5-29102	
5-29103	

Operating Supplies	
Storm Water Fees	
Telephone & Cell Service	
Postage & Freight	
Equipment Leasing	
Administrative Maintenance	
Contingencies - Hurricane	
Office Supplies	
Fuel & Lubricants - Vehicle	
Fuel & Lubricants - Equipment	
Minor Construction Expenses	
Project Maintenance Fees	
Contingency (1.5%)	
Electricity Services	
Total Administration Operating:	
Capital Outlay Administration	
Equipment	
Building	
Other	
Total Administration Capital Outlay:	

14,375	14,691	15,014	15,344	
45,000	45,000	45,000	45,000	
14,368	14,684	15,007	15,337	
35,776	36,563	37,367	38,189	
3,250	3,322	3,395	3,470	
2,940	3,005	3,071	3,139	
-	-	-	-	
5,147	5,198	5,250	5,303	
76,728	82,099	87,846	93,995	
19,514	20,880	22,342	23,906	
1,811	1,851	1,892	1,934	
11,685	11,685	11,685	11,685	
109,429	112,433	116,054	120,367	
6,810	7,151	7,509	7,884	
592,889	610,032	628,434	648,209	

35,000	
35,000		
-	
-	-	-	-	
-	-	-	-	
35,000	35,000	-	-	

5-15001	
5-15002	
5-15003	
5-15004	
5-15008	
5-15010	
5-15011	
5-15012	

5-30001	
5-30002	
5-30003	
5-30004	
5-30005	
5-30007	
5-30009	
5-30010	
5-30011	

	TOTAL ADMINISTRATION				2,060,879 			2,147,722 			2,205,004 			2,303,113	
WATER TREATMENT PLANT DIVISION									
Personnel									
Regular Salaries		360,769		368,706		376,818		385,108	
Overtime		69,317		70,842		72,401		73,994	
FICA		33,336		34,070		34,819		35,585	
Retirement Contributions		38,708		39,559		40,430		41,319	
Uniforms		3,472		3,548		3,626		3,706	
Training & Education Costs		5,341		5,459		5,579		5,702	
Annual PTO		4,135		4,226		4,319		4,414	
Cell Stipend		1,545		1,579		1,614		1,650	
Total WTP Personnel:		516,623		527,989		539,606		551,478	
WTP Operating									
Other Contractual Services		78,510		80,237		82,002		83,806	
Operations & Maintenance Services		2,317		2,368		2,420		2,473	
Laboratory Services		37,922		38,756		39,609		40,480	
Operating Supplies		7,667		7,836		8,008		8,184	
Electricity Services		286,657		300,990		316,040		331,842	
Plant Maintenance		95,245		97,340		99,481		101,670	
Chemicals		465,830		476,078		486,552		497,256	
Water Conservation Grant Program		12,000		12,000		12,000		12,000	
Backflow Prevention Program			25,000 			25,000 			25,000 			25,000 	
Total WTP Operating:			1,011,148 			1,040,605 			1,071,112 			1,102,711	

Forecast	
FY 2025	FY 2026	FY 2027	FY 2028	

5-30101	
5-30102	
5-30103	

 TOTAL WATER TREATMENT PLANT DIVISION

-	-	35,000	-

Capital Outlay WTP	
Equipment	
Building	
Other	
Total WTP Capital Outlay:	

-	-	-	-
-	-	-	-

5-16001	
5-16002	
5-16003	
5-16004	
5-16008	
5-16010	
5-16011	
5-16012	

5-31001	
5-31002	
5-31003	
5-31004	
5-31005	
5-31006	
5-31008	
5-31010	

5-31101	
5-31102	
5-31103	

-	-	35,000	-
				
1,527,771	1,568,594	1,645,718	1,654,189	

WASTEWATER TREATMENT PLANT DIVISION	
-	
-	
-	
-	
Personnel	
Regular Salaries	370,989	379,151	387,492	396,017	
Overtime	55,700	56,925	58,177	59,457	
FICA	33,060	33,788	34,531	35,291	
Retirement Contributions	38,402	39,247	40,110	40,993	
Uniforms	2,837	2,899	2,963	3,028	
Training & Education Costs	5,670	5,795	5,922	6,052	
Annual PTO	4,295	4,389	4,486	4,585	
Cell Stipend	1,179	1,205	1,232	1,259	
Total WWTP Personnel:	512,132	523,399	534,913	546,682	
WWTP Operating	
Other Contractual Services	44,186	45,158	46,151	47,166	
Operations & Maintenance Services	10,122	10,345	10,573	10,806	
Laboratory Services	35,482	36,263	37,061	37,876	
Operating Supplies	18,638	19,048	19,467	19,895	
Sludge Disposal	119,884	122,521	125,216	127,971	
Electricity Services	232,012	243,613	255,794	268,584	
Plant Maintenance	73,548	75,166	76,820	78,510	
Chemicals		130,362 		133,230		136,161 		139,157 	
Total WWTP Operating:		664,234 		685,344 		707,243 		729,965 	
Capital Outlay WWTP	
Equipment	135,000	-	-	-	
Building	-	-	-	-	
Other	-	-	-	-	
Total WWTP Capital Outlay:	135,000	-	-	-	
	
 TOTAL WASTEWATER TREATMENT PLANT DIVIS	1,311,366	1,208,743	1,242,156	1,276,647	
UNDERGROUND UTILITIES DIVISION	
Personnel	
Regular Salaries	667,000	681,674	696,671	711,998	
Overtime	112,428	114,901	117,429	120,012	
FICA	60,307	61,634	62,990	64,376	
Retirement Contributions	70,149	71,692	73,269	74,881	
Uniforms	7,275	7,435	7,599	7,766	

5-17001	
5-17002	
5-17003	
5-17004	
5-17008	

5-17010	
5-17011	
5-17012	

5-32001	
5-32002	
5-32003	
5-32004	
5-32005	
5-32006	

5-32101	
5-32102	
5-32104	
5-32103	

Training & Education Costs	12,676	15,955	16,306	16,665	
Annual PTO	6,182	6,318	6,457	6,599	
Cell Stipend	2,721	2,781	2,842	2,905	
Total UGU Personnel:	938,738	962,390	983,563	1,005,202	
UGU Operating	
Other Contractual Services	210,486	215,117	219,850	224,687	
Operations & Maintenance Services	132,238	135,147	138,120	141,159	
Operating Supplies	94,680	96,763	98,892	101,068	
Electricity Services	65,248	68,510	71,936	75,533	
Vehicle Maintenance	36,040	36,833	37,643	38,471	
Lift Station Maintenance		27,536 		28,142 		28,761 		29,394 	
Total UGU Operating:		566,228 		580,512 		595,202 		610,312	
Capital Outlay UGU	
Equipment	55,000	45,000	45,000	250,000	
Building	-	-	-	-	
New Meters	-	-	-	-	
Other	-	-	-	-	
Total UGU Capital Outlay:	55,000	45,000	45,000	250,000	
	
 TOTAL UNDERGROUND UTILITIES DIVISION 	1,559,966	1,587,902	1,623,765	1,865,514	
IRRIGATION DIVISION	
Personnel	
Regular Salaries	56,167	57,403	58,666	59,957	
Overtime	4,982	5,092	5,204	5,318	
FICA	4,773	4,878	4,985	5,095	
Retirement Contributions	5,503	5,625	5,748	5,875	
Uniforms	683	698	713	729	
Training & Education Costs	1,063	1,086	1,110	1,134	
Annual PTO	938	959	980	1,002	
Cell Stipend	305	312	319	326	
Total IRR Personnel:	74,414	76,053	77,725	79,436	
IRR Operating	
Other Contractual Services	34,252	35,006	35,776	36,563	
Operations & Maintenance Services	40,736	41,632	42,548	43,484	
Laboratory Services	272	278	284	290	
Operating Supplies	7,823	7,995	8,171	8,351	
Electricity Services	194,565	204,293	214,508	225,233	
Maintenance - Irrigation	31,920	32,654	33,405	34,173	
Chemicals		544 		556 		568 		580 	
Total IRR Operating:		310,112 		322,414 		335,260 		348,674 	
Capital Outlay IRR	
Equipment	-	-	-	-	
Building	-	-	-	-	
Other	-	-	-	-	

5-18001	
5-18002	
5-18003	
5-18004	
5-18008	
5-18009	
5-18010	
5-18011	

5-33001	
5-33002	
5-33003	
5-33004	
5-33005	
5-33008	
5-33010	

5-33101	
5-33102	
5-33103	

Forecast	
FY 2025	FY 2026	FY 2027	FY 2028	

Forecast	
FY 2025	FY 2026	FY 2027	FY 2028	

5-40001	
5-40002	
5-40003	
5-40004	
5-40013	
5-40015	
5-40016	
5-40017	

5-41001	
5-41002	
5-41003	
5-41006	

5-41101	
5-41102	
5-41103	

Total IRR Capital Outlay:		-		-		-		-	
									
 TOTAL IRRIGATION DIVISION			384,526		398,467		412,985		428,110	

SHOP & MAINTENANCE OPERATIONS DIVISI									
Personnel									
Regular Salaries		144,109		147,279		150,519		153,830	
Overtime		7,903		8,077		8,255		8,437	
FICA		11,810		12,070		12,335		12,607	
Retirement Contributions		13,681		13,982		14,290		14,604	
Uniforms		1,423		1,454		1,486		1,519	
Training, Cont. Educ., and Licensing		4,696		4,799		4,905		5,013	
Annual PTO		1,887		1,929		1,971		2,014	
Cell Stipend		478		489		500		511	
Total Shop & Maintenance Personnel:		185,987		190,079		194,261		198,535	
Shop & Maintenance Operating									
Operations & Maintenance Svc		15,427		15,766		16,113		16,467	
Disposal Fees		1,994		2,038		2,083		2,129	
Operating Supplies		6,515		6,658		6,804		6,954	
Machinery & Equipment		11,526		11,780		12,039		12,304	
Total Shop & Maintenance Operating:		35,462		36,242		37,039		37,854	
Capital Outlay Shop & Maintenance									
Equipment				25,000		55,000			
Building									
Other									
Total Shop & Maintenance Capital Outlay:		-		25,000		55,000		-	
									
 OP & MAINTENANCE OPERATIONS DIVISION		221,449		251,321		286,300		236,389	
									
Total Operating Expenses		7,851,154		7,939,318		8,219,297		8,631,216	

TOTAL SH

NON-OPERATING INCOME AND EXPENSES	
Other Income	
 Transfer from Water Connection Fees to Pay Debt		
 5-34001		TOTAL NON-OPERATING INCOME		

-	
-	

-	
-	

-	
-	

-	
-	

5-27011	
5-27013	
5-27012	
5-27008	
5-27007	
5-27010	
5-27009	

DEBT SERVICE EXPENSES	
Cost of Issuance	
Principal 2014 Bond Issue	
Interest 2014 Bond Issue	
Principal 2011 Bond Issue	
Interest 2011 Bond issue	
Principal 2013 Bond Issue	
Interest 2013 Bond issue	

215,000	
330,165	
1,305,000	
344,443	
295,000	
75,668	

215,000	
330,165	
1,305,000	
344,443	
295,000	
75,668	

220,000	
323,070	
1,345,000	
299,290	
300,000	
66,965	

230,000	
315,810	
1,380,000	
253,033	
310,000	
47,871	

Forecast	
FY 2025	FY 2026	FY 2027	FY 2028	

TOTAL DEBT SERVICE:

RATE STABILIZATION
Transfer Out to Rate Stabilization Fund
TOTAL RATE STABILIZATION SERVICE:

CAPITAL IMPROVEMENT & TRANSFERS
Capital Improvement Program - WWTP Expans 5-28127	Required R&R Transfer to Capital (5%)
Additional R&R Transfer for CIP's Cash Carry Forward for R&R CIP
TOTAL CI & TRANSFERS EXPENSES:

Total Expenses Total Revenues

2,565,276	2,565,276	2,554,325	2,536,714

-	
-	

	

-	
-	

	

-	
-	

	

-	
-	

497,319	
200,000	
-	
697,319	
	
$	11,113,749	
	
$	10,502,312	

506,046	
100,000	
-	
606,046	
	
$	11,110,640	
	
$	10,736,704	

506,046	
100,000	
-	
606,046	
	
$	11,379,668	
	
$	10,976,370	

506,046	
100,000	
-	
606,046	
	
$ 11,773,976	
	
$ 11,221,428	

(611,437)	
$	4,294,762	

(373,936)	
$	3,920,826	

(403,298)	(552,548)

	

Surplus/(Deficit) Before Transfer from	
(to) Operating Reserve	
Available Operating Cash Balance (Ending)	

$	3,517,528	$	2,964,980

*Coverage Provided (Required > 1.10)	
**Coverage w/R&R deducted (Required > 1.0	

1.12	
0.94	

1.13	
0.94	

1.13	
0.95	

1.12	
0.93	

Index Rate Increase (included in revenues)	2.25%		2.25%		2.25%		2.25%	
Total Effective Rate Increase	2.25%		2.25%		2.25%		2.25%	

REVENUE SOURCES

AFPI Revenue
$85,000.00 0.82%

Other Operating Revenue
$82,411.00 0.80%

Wholesale Water & Wastew ater
$714,291.00 6.90%

Billed Water Revenues
$3,502,541.00 33.82%

Billed Irrigation Revenue
$1,940,825.00 18.74%

Billed Wastew ater Revenues
$4,030,525.00 38.92%

St Lucie West Services District receives approximately 81.26% of their operating Revenues from the sale of water and wastewater service. Another 18.74% of the operating revenue is received from irrigation services. The FY 2024 Budget assumes a 5.0 % rate increase to all utility rates.

Water & Sewer Revenue

Billed Water Revenue
Revenue billed for potable water services. The water revenue budget assumes a 5.0% increase in total customers (ERU’s) and no rate increase.

Billed Wastewater Revenue
Revenue billed for the wastewater services. The wastewater revenue budget assumes a 5.0 increase in total customers (ERU’s) and no rate increase.

Irrigation Revenue
Revenue billed for the irrigation services. The irrigation revenue budget assumes a minor increase in total customers and 5.0% rate increase.

Late Fee Revenue
Late fees are charges assessed on customer accounts due to late payment of the customer’s utility bills. The budget for FY 2024 is based on historical revenues, however using a conservative assumption for the budget year.

Miscellaneous Fees
Miscellaneous revenues that the Utility receives. The budget for FY 2024 is based on historical revenues, however using a conservative assumption for the budget year.

Wholesale Water/Wastewater Revenue
Revenue received from the sale of wholesale water and wastewater services. At times the District may choose to enter into an agreement with an organization to sell wholesale water at wholesale prices. Currently the District has an agreement with the Reserve CDD for the purchase of wholesale water and wastewater. The gallonage (commodity) charge is equal to eighty percent (80%) of the retail water and sewer service rate (per 1,000 gallons) in effect at the time of payment.

Meter Set Fees
Revenue received for the setting of new meters.

Interest Revenue – Operating Revenues
This account reflects all interest earnings in all non-restricted cash accounts that belong to the Water & Sewer Fund.

Rate Stabilization Fund – Operating Revenues
This revenue is funded from available unrestricted operating reserves from previous FY’s.

Backflow Prevention Program – Operating Revenues
This revenue is for water backflow prevention testing performed by contractors who have been preapproved for this program.

Tanker Truck Water Service – Operating Revenues
This revenue is for water provided to water tanker trucks such-as pest control, fertilizer companies and contractors.

Water & Wastewater Connection Fees (AFPI Portion)
The Allowance for Funds Prudently Invested (AFPI) charge is the unrestricted portion of the Water & Wastewater Connection Fees that is used to recover the fixed operating, maintenance, and replacement costs and associated financing charges for those customers requiring service subsequent to the construction of the Water and Wastewater facilities by the District.

Capital Fund Revenues

Water & Wastewater Connection Fees
Fees collected from the district to acquire, construct, equip or expand the capacity of the Water & Wastewater facilities of the Utility System for the purpose of paying or reimbursing the equitable share of the capital costs relating to such acquisition, construction, expansion, or equipping of unused capacity of the Water and Wastewater facilities of the utility system and new developments within the service area of the utility system. Such fees may include interest carrying costs associated with the water and wastewater facilities of the utility system.

OPERATING EXPENSE’S
Operating expenses include the cost for personnel, materials, maintenance, service and equipment required for the Water & Sewer Utility to Function. They include expenses directly related to the Utility service activities.

Board of Directors

Executive Salaries
Salaries paid to the Board of Directors for their public service. Salaries are paid on a $200 per board meeting, for a total maximum amount of
$4,800 per seat, per fiscal year. This expense is shared equally with the General Fund.

FICA
This line includes the Districts portion of the social security and Medicare expense for Salaries of the Board of Supervisors. The Federal rate for these combined expenses is 7.65% of total salaries.

Board Meeting Expenses
This includes expenses directly relating to board meetings.

District Manager

Management Contract
Charges directly relating to the District Manager’s service contract. The charge for FY 2024 is based on the Contract for the District Manager which is shared between the Water & Sewer Fund 50% and the General Fund 50%.

Travel & Per Diem
Charges billed directly from SDS, Inc. or the District Manager for travel expenses as allowed by the contract for District Business. All charges are billed in accordance with Section 112.061, Florida Statutes.

Finance

Dissemination Agent
This line includes charges for a dissemination agent who prepares reports regarding the compliance with bond issues.

Arbitrage
This line includes charges relating to the annual arbitrage review relating to interest earned versus interest paid.

Accounting Services
This includes the contracted services for Financial Services with SDS, Inc. The FY 2024 budget assumes a 1.5% increase from the previous year per the contract with SDS.

Auditing
This includes expenses that are incurred from the Districts Annual Financial Audit as required by Florida Statutes. This amount is split between the Water & Sewer Fund and the General Fund, 56% and 44% respectively.

Banking Services
Charges for banking services such as bank service charges and trust account administration expenses.

Property & Casualty Insurance
This expense includes the annual insurance premium that provides protection for the Districts general liability, auto and property coverage. The agent has been asked to provide and estimate of total premiums for FY 2024. Coverage is from October 1 through September 30 each year.

Bad Debt
This expense is an expense that is assessed upon accounts receivable accounts that are expected to be written off due to nonpayment.

Property Control

Building & Land Rental
Charges for the storage rental space.

Computer Software/Licensing
Charges for yearly software and/or licensing obligations for computer equipment used for the utility.

Computer Hardware/Supplies
This line item includes new and replacement computer hardware and supplies.

Utility Rate Consultant

Other Contractual Services
Contractual services provided by PRMG for the Revenue Sufficiency Analysis Update.

Clerk to the Board

Other Contractual Services
Contractual services provided by SDS, Inc for the Board Clerk and records service provided. This expense is shared 60% to 40% with the General Fund.

Postage & Freight
This line item includes postages charges that are invoiced from the district management office. These charges include postage charges for sending out regular mail, packages and vendor checks.

Printing & Binding
Charges for printing and binding agendas, packages, audit reports and budget materials as well as copy charges for the normal daily work- flow.

Legal Ads
Charges for legal ads posted in the local newspapers for notices of Board meetings and Public Hearings.

General Counsel
Legal Services
Legal fees associated with the District’s Attorney. These fees include charges for regular legal business matters within the District.

Special Counsel
Legal Services
Legal fees associated with any special legal matters the District may have. For the FY 2024 budget this line item includes legal matters regarding Human Resources matters.

Engineering Services

Engineering Services
Charges billed from the District Engineer office. These charges include any general engineering services or Work Authorization preparation that directly relates to the Utility. The engineer is paid for actual hours for services delivered.
WATER & SEWER FUND ADMINISTRATION DIVISION
Water & Sewer Administration Division - Personnel

Regular Salaries
Includes Administration Division employee’s basic salaries. The total budget is estimated using a tabulation of all approved positions, applying the appropriate increases and allowing a factor for unfilled vacancies. This year we are proposing to give a 6.4% increase to all employees based on the Bureau of Labor Statics CPI. This also reflects for license or certifications increases.

Overtime
This description is the same for all Division in the Utilities Department: This line includes departmental overtime expenses.

FICA
This description is the same for all Division in the Utilities Department: This line includes the Districts portion of the social security and Medicare expense for Salaries of the District’s employees. The Federal rate for these combined expenses is 7.65% of total salaries.

Retirement Contributions
This description is the same for all Division in the Utilities Department: After one year of employment the District provides a 9% contribution into a SEP IRA for all full-time employees. This contribution is paid on a monthly basis.

Health/Life/Dental Insurance
This includes health, life and dental insurance benefits provided to all employees of the District. The proposed increase is 10% for FY 2024.

Workers Compensation
The District provides workers compensation to any employee who is injured while at work. Under the provisions of the Florida Workers Compensation law, a no-fault insurance plan which is supervised by the State of Florida, the District pays for 100% of these benefits.

Unemployment Compensation
The District is required to reimburse the Unemployment Compensation Fund for any unemployment claims paid on behalf of the District.

Uniforms
This description is the same for all Division in the Utilities Department: The District provides an allotted amount of uniforms and/or safety equipment for all District employees each year depending on their position.

Training & Education Expenses
This description is the same for all Division in the Utilities Department: The District pays for employees to obtain and upgrade certifications and licenses. In some cases, the employee may need to travel to attend these classes or training courses. The district pays the employee travel and per diem according to Section 112.061, Florida Statutes.

Vehicle Allowance
The District provides for a vehicle allowance for certain positions instead of providing a vehicle and associated costs.

Annual PTO
The District provides personal leave and allows a maximum cash-out each year, this code covers the maximum exposure for each FY.

Cell Phone Stipend
The District provides optional cell phone stipend to all employees, this code covers the maximum exposure for each FY.

Water & Sewer Administration Division - Operating

Other Contractual Services
This description is the same for all Division in the Utilities Department: Includes charges associated with service contracts related to the Administration Division such as office equipment repairs, computer support, Air conditioning services, Security alarm repairs, pest control, Utility Billing Program, Credit Card Program for billing, Bill mail-out services, Vehicle GPS monitoring, Trash contract, and janitorial contracts.

Website Maintenance
This description is for website maintenance and hosting for the budget year 2024.

Operating Supplies
This description is the same for all Division in the Utilities Department: Includes general supplies for the use and operation of the Administration Division.

Storm Water Fees
Storm water fees the District pays to the City of Port St Lucie and SLWSD General Fund for their share of Storm Water Maintenance Fees for the land owned and operated by the utility.

Telephone & Cell Services
These charges include the landline telephone service that is used in the District office as well as cellular phone services for all Utility Divisions.

Postage & Freight
This line item includes postage charges that are used primarily for the utility billing cycle as well as notices sent to residents regarding utility matters.

Equipment Leasing
Charges for leasing equipment which is used for Utility activities. Currently the District has one leased copier.

Administrative Maintenance
This description is the same for all Division in the Utilities Department: This line includes charges for normal maintenance of the District’s vehicles used by the Utility. Maintenance is done on a regular basis to provide the longest life possible to the vehicles owned and operated by the district. This provides for decreased total life cycle costs.

Contingency – Hurricane
This account is allocated to fund any extraordinary expenses the District incurs relating to hurricane preparation and/or damages to the Utility property.

Office Supplies
Includes general supply charges for the operations of the Districts offices and billing functions.

Fuel & Lubricants-Vehicles
Fuel purchased for all vehicles used in the Utility Division.

Fuel & Lubricants-Equipment
Fuel purchased for all equipment used in the Utility Division.

Minor Construction Expenses
This includes miscellaneous minor construction projects that do not meet the Districts threshold to be considered capital items.

Project Maintenance Fees
This includes project maintenance fees associated with lawn maintenance for the Utilities Division paid to the General Fund.

Contingency
This code was recommended by the Rate Consultant for unexpected expenses. This is 1.5% of the operating expenses minus the Capital Outlay.

Electricity Services
This description is the same for all Division in the Utilities Department: Includes electricity charges for the administration building which is split with the General Fund.

Water & Sewer Administration Division – Capital Outlay

Equipment
This description is the same for all Division in the Utilities Department: This code is for equipment purchases such as vehicles and tractors over $1,000. No expenditures planned for this fiscal year.

Building
This description is the same for all Division in the Utilities Department: This code is for buildings or land purchases over $1,000. No expenditures planned for this fiscal year.

Other
This description is the same for all Division in the Utilities Department: This code is for any other Capital purchases over $1,000. No expenditures planned for this fiscal year.
WATER TREATMENT PLANT DIVISION

Water Treatment Plant Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration.
Water Treatment Plant Division - Operating

Other Contractual Services; Operating Supplies; Electricity Services;
The above categories are the same as described in the Administration Budget

Operations & Maintenance Services
Charges for repairs on water treatment plant pipes and pump maintenance.

Laboratory Services
Includes charges for the water treatment plant laboratory testing, injection well testing, lead & copper testing, and others as required by permits.

Plant Maintenance
This line captures charges for normal maintenance for the water treatment plant. By performing normal maintenance inline with maintenance schedules, it provides a longer useful life for the utility plant assets.

Chemicals
This line includes any chemical purchases for the water treatment plant.

Water Conservation Grant Program
This line includes the allotment of rebate credits on utility bills on items such as low flow toilets and low flow shower heads. This program is designed to encourage water conservation.

Backflow Prevention Program
This line is for water backflow prevention testing performed by contractors who have been preapproved for this program and will assist in 100% compliance to the rule.

Water Treatment Plant Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. There is $35,000 budgeted for Water Treatment Plant interior building improvements planned for this fiscal year..

WASTEWATER TREATMENT PLANT DIVISION
Wastewater Treatment Plant Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Wastewater Treatment Plant Division - Operating

Other Contractual Services; Operating Supplies; Electricity Services; Operations & Maintenance Services; Laboratory Services; Plant Maintenance; Chemicals
The above categories are the same as described in the Administration Budget and Water Treatment Plant Division.

Sludge Disposal
Charges for the dewatering, hauling and disposal of the sludge from the wastewater plant.

Wastewater Treatment Plant Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. No other expenditures planned for this fiscal year.

UNDERGROUND UTILITIES DIVISION
Underground Utilities Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget.

Underground Utilities Division - Operating
Other Contractual Services; Operating Supplies; Electricity Services; Vehicle Maintenance; Operations & Maintenance Services;
The above categories are the same as described in the Administration Budget and Water Treatment Plant Division.

Lift Station Maintenance
This line captures charges for normal maintenance for the Underground Utilities Division. By performing normal maintenance inline with maintenance schedules, it provides a longer useful life for underground utilities assets.

Water & Sewer Underground Utilities Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. UGU has budgeted $5,000 for OPS BLDG Improvements and
$95,000 for Equipment for this fiscal year.

New Meters
This code was recommended by the rate consultant to track the purchase of new meters for new construction and has $2,500 budgeted for this fiscal year..
IRRIGATION DIVISION
Irrigation Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Irrigation Division - Operating

Other Contractual Services; Operating Supplies; Electricity Services; Vehicle Maintenance; Operations & Maintenance Services; Laboratory Services; Plant Maintenance; Chemicals
The above categories are the same as described in the Administration Budget and Water Treatment Plant Division.

Maintenance Irrigation
Includes charges for maintenance to irrigation pump stations as well as irrigation breaks on District property.

Water & Sewer Irrigation Division – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. No other expenditures planned for this fiscal year.

SHOP & MAINTENANCE DIVISION
Shop & Maintenance Division - Personnel

Regular Salaries; Overtime; FICA; Retirement Contributions; Uniforms; Training & Education Expenses; Annual PTO and Cell Stipend
The above categories are the same as described in the Administration Budget

Shop & Maintenance Division - Operating

Operations & Maintenance Services, Disposal Fees, Operating Supplies, and Vehicle Maintenance
The above categories are the same as described in the Stormwater Division Budget.

Water & Sewer Shop & Maintenance – Capital Outlay

Equipment; Building; Other
The above categories are the same as described in the Administration Budget. UT Shop has budgeted $4,000 for a new Scanner Tool for this fiscal year.

The Total Operating Expenses are projected to be $7,458,652 for FY 2024.

Non-Operating Expenses

Principal 2013 Bond Issue
According to the Bond Documents the district is required to make an annual Principal payment on the 2013 bonds outstanding.

Interest 2013 Bond issue
This line includes the semiannual interest fees the district is required to pay on the 2013 utility bonds outstanding. The increase is due to a condition of the bond that if the corporate tax decreased it would trigger an automatic increase to the bond interest rate which is still lower than when the bonds were refinanced.

Principal 2011 Bond Issue
According to the Bond Documents the district is required to make an annual Principal payment on the 2011 bonds outstanding.

Interest 2011 Bond issue
This line includes the semiannual interest fees the district is required to pay on the 2011 utility bonds outstanding. The increase is due to a condition of the bond that if the corporate tax decreased it would trigger an automatic increase to the bond interest rate which is still lower than when the bonds were refinanced.

Principal 2004 Bond Issue Refunded for the 2014 Bond
According to the Bond Documents the district is required to make an annual Principal payment on the 2004 bonds outstanding.

Interest 2004 Bond issue Refunded for the 2014 Bond
This line includes the semiannual interest fees the district is required to pay on the 2004 utility bonds outstanding. The decrease is due to restructuring of the bond in November of 2018 which lowered the rate for the duration of the bond saving close to $90,000 per year.

Rate Stabilization
This expense code transfers funds from available unrestricted operating reserves to the Rate Stabilization Fund and the balance is up to
$585,405. There is no transfer scheduled for 2024 FY.

Renewal & Replacement Transfer to Capital
This allocation captures the 5% minimum funding requirement to the Renewal & Replacement fund which is $481,267 for 2024FY and an additional $200,000 to fund the proposed capital expenditure items for future projects.

ST LUCIE WEST SERVICES DISTRICT CAPITAL FUNDING REVENUE AND EXPENDITURES

FY 2024 BUDGET

R&R	WCF	WWCF

-	
-	
481,267	
200,000	
-	
           -		

-	
3,832	
-	
-	
-	
        -		

Estimated Beginning Fund Balance	957,889	465,398	84,241

ADD REVENUES:	
Interest Revenues	
Impact Fee Revenues	
5% Required Transfer per Bond	
Additional Funding	
Cash Carry Forward for R&R CIP	

-	
2,876	
-	
-	

	-	

TOTAL REVENUES AVAILABLE	1,639,156	469,230	87,117

DEDUCT EXPENDITURES:	
Capital Improvement Projects	
Transfer Out to WW Connection Fee Funds	
Transfers Out to Pay Debt Service	
TOTAL EXPENDITURES	

1,373,043	-	-

           -		
1,373,043	

        -		
-	

        -		
-	

  

FUND BALANCE, SEPTEMBER 30

 $	266,113 

 $	469,230 

 $	87,117 

  

TOTAL EXPENDITURES	1,067,498	444,813	1,653,905	1,373,043	673,162		548,913		565,325		582,430	
FUND BALANCE, SEPTEMBER 30	1,930,527	2,089,662	957,889	266,113	290,270		347,403		388,124		411,740	

			

			

Actual FY
2022	Actual FY
2023	
FY 2023	
	FY 2024	 	FY 2025		
	FY 2026			
  FY 2027 		
  FY 2028 	

Estimated Beginning Fund Balance	2,106,636	1,930,527	1,930,527	
957,889	266,113	290,270	347,403	388,124	
ADD REVENUES:
5-36001	Interest Revenues	-	92,998	-
-	-	-	-	-	-	
5-36007	5% Required Transfer per Bond	491,389	510,950	481,267	481,267	497,319	506,046	506,046	506,046	
Additional Funding	400,000	-	200,000	200,000	200,000	100,000	100,000	100,000	
Cash Carry Forward for R&R CIP	-	-	-	-	-	-	-	-	

TOTAL REVENUES AND FUNDS AVAILABLE	
2,998,025	
2,534,475	
2,611,794	
1,639,156	
963,432	
896,316	
953,449	
994,170	

DEDUCT EXPENDITURES:			
-								
SW001	5-37007	Lift Station Renewal & Replacement	75,288	90,500	215,833	215,833	217,991	220,171	222,373	224,597	
SW037	5-37009	Emergency Renewal & Replacement Projects	246,092	39,746	253,714	224,400	235,620	247,401	259,771	272,760	
SW047	5-37013	Structural Repairs Sewer Manholes	-	-	33,000	33,660	34,334	35,022	35,723	36,438	
SW048		Security Cameras Upgrades	-	-	-	10,000	-	-	-	-	
SW049	5-37004	Protective Coating Manholes	188,056	-	29,118	29,700	30,294	30,900	31,518	32,148	
SW061	5-37017	Membrane Filter Replacement Program	150,188	-	-	-	-	-	-	-	
SW062	5-39011	Wastewater Treatment Plant Expansion	-	-	-	-	-	-	-	-	
SW064	5-37006	Replacement Meters	5,100	-	205,000	10,000	-	-	-	-	
SW066	5-37020	WWTF Plant Painting & Sealing of Tanks	46,408	14,700	100,000	-	-	-	-	-	
SW069	5-37018	Reuse Irrigation Pump Station Improvements	22,004	17,443	25,000	500,000	-	-	-	-	
SW073	5-37027	Replacement Backflow Preventers	994	6,219	6,240	-	-	-	-	-	
SW078	5-37028	WTP Painting and Tank sealing	14,549	-	75,000	-	-	-	-	-	
SW081	5-37029	WTP Calcite Tank Project	9,262	-	100,000	-	-	-	-	-	
SW084	5-37031	Potable Water Flushing Devices	966	6,035	7,000	5,000	5,000	5,000	5,000	5,000	
SW085	5-37032	Emergency (Association Irrigation) R & R Projects	6,585	7,179	9,000	9,450	9,923	10,419	10,940	11,487	
SW087	5-37034	Irrigation SCADA Improvements	14,800	-	30,000	30,000	-	-	-	-	
SW088	5-37035	High Service Pump Station Control Upgrade	-	-	-		-	-	-	-	
SW091	5-37038	Irrigation Automatic Flushing Devices	-	2,694	5,000	5,000	-	-	-	-	
SW092	5-37039	Repaving Utility site	-	1,500	230,000	300,000	-	-	-	-	
SW093	5-37040	Irrigation stormwater transfer line	-	-	-	-	-	-	-	-	
SW094	5-37041	Radio telemetry system upgrade	-	-	-	-	-	-	-	-	
SW095	5-37042	Step Screen Replacement	-	-	-	-	140,000	-	-	-	
SW096	5-37043	PLC Upgrade	52,818	39,254	100,000	-	-	-	-	-	
SW097	5-37044	Sand Filter Replacement and Upgrade	234,389	219,543	230,000	-	-	-	-	-	

	   

Actual FY	Actual FY
	2022	2023	FY 2023 

  FY 2025   FY 2026   FY 2027 

1,375,741

532,508

532,508

469,230

473,062

476,894

38,050
836,578

10,692

-
-
-
-
-
-
-
-
-
- 83,049
- 68,000

-
-
-
-
-
-
-
-
-
-
-
-

-
-
-
-
-
-
-
-
-
-
-
-

-
-
-
-
-
-
-
-
-
-
-
-

	-			-	 	-	 	-	

874,628

10,692

151,049

-

-

-

	-	

	-	 	-	 	-	

-

-

-

-

	532,508	614,864	465,398 

  473,062    476,894    480,726 

	469,230 

	-	

-

-

-
-
-
-
-
-
-
-
-
-
-
-

	-	

465,398

  FY 2024 

  FY 2028 

Estimated Beginning Fund Balance	480,726

ADD REVENUES:
5-36004	Interest Revenues	71	29,052	19,943	-	-	-	-	-	
5-36005	Impact Fee Revenues	31,324	63,996	63,996	3,832	3,832	3,832	3,832	3,832	
	-	-	-	-	-	-	-	-	
Additional Funding Required		-	-	-			-			-			-			-			-		
TOTAL REVENUES AND FUNDS AVAILABLE	1,407,136	625,556	616,447	469,230	473,062	476,894	480,726	484,558	

DEDUCT EXPENDITURES:
SW034	5-38004 Irrigation PH 2 - Replace the Software at the Wells	-
SW009	5-38009  Sodium Hypochlorite Conversion	-
SW035	5-38005 Irrigation PH 2 - Replace Control Software & Server	-
SW036	5-38001 Irrigation PH 2 - Design, Const Eng, & Contingency	-
SW041	5-38006  Above Ground Diesel Tank	-
SW043	5-38007  Recommission 2(mg) Potable Water Tank	-
SW058	5-38003  High Service Pump Generator	-
SW071	5-38010  WTP RO Modifications	-
SW072	5-38011  High Service Pump/Hydro-tank Expansion	-
SW076	5-38014  Clearwell/Transfer Pump Expansion	-
SW077	5-38012  Main Water Line Extension	-
SW080	5-38013  WTP Concentrate Tank Expansion	-
SW098	5-38015  WTP Expansion
2000 and 2004 Bond Refunding Payment		-	

TOTAL EXPENDITURES	-

TRANSFERS:
Transfers Out to Pay Debt Service		-	

TOTAL TRANSFERS OUT	-

FUND BALANCE, SEPTEMBER 30	 484,558 

Actual FY 2022

Actual FY
2023	FY 2023

   

FY 2024	

84,241

- 2,876
-
	-	

87,117	

-	
	87,117 	

FY 2025	FY 2026	FY 2027	FY 2028

Estimated Beginning Fund Balance	376,278	121,368	121,368

ADD REVENUES:
5-36002	Interest Revenues	20	8,490	5,828
5-36006	Impact Fee Revenues		24,089	48,026	48,026 Unrestricted Utility Fund balance			-		-		- 2013 Construction Bond Proceeds			-		-		-	

TOTAL REVENUES AND FUNDS AVAILAB	400,387	177,884	175,222 DEDUCT EXPENDITURES:
SW097  5-39010  WWTF Reuse Filter Project	279,019	90,981	90,981

TOTAL EXPENDITURES	279,019	90,981	90,981

FUND BALANCE, SEPTEMBER 30		121,368	86,903	84,241 

87,117	89,993	92,869	95,745

-	-	-	-
2,876	2,876	2,876	2,876
-	-	-	-
	-	 	-	 	-	 	-	

89,993	92,869	95,745	98,621

-	-	-	-

-	-	-	-

	89,993  	92,869  	95,745  	98,621 

	   

St Lucie West Services District	
Debt Service Fund - Water Management Benefit Series 2013 Bonds & Series 2014 Land Acquisition Bond	
Five Year Operating Forecast	

	SERIES 2013 BOND	

Actual	
FY 2022	

Actual	
FY 2023	

Estimate EOY	
FY 2023	

Final Budget	
FY 2023	

Budget		
Forecast	
FY 2024		FY 2025	FY 2026	FY 2027	FY 2028		

$  28,895.00	
$ 2,028,528.00	

OPERATING REVENUE		
Interest	$	65.51	
Special Assessments	$ 1,948,553.03	
Miscellaneous Revenue (Prepayments)		
Total Revenues	$  1,948,619	

2-04001	
2-04002	
2-04005	

2,000	
$  2,064,907	
	- 	
 $  2,066,907 	

$	2,000	
$ 2,064,907	
	- 	
 $ 2,066,907 	

2,000	2,000						
2,064,907	2,064,907						
-	-	-		-		-	
$ 2,066,907	$  2,066,907	$	-		$	-		$	-	
	
40,100	40,100						
6,000	6,000						
1,765,000	1,805,000						
79,819	26,764						
10,000	10,000						
-	-	-		-		-	

 	

OPERATING EXPENSES		
Debt Service		
Assessment Fees	41,293	
Banking Services	4,139	
Principal 2013	1,680,000	
Interest 2013	206,697	
Misc	-	
COI		
Land Purchase		
Total Expenses	1,932,129	

2-05001	
2-05002	
2-05014	
2-05015	
2-05011	
2-05860	
2-05870	

40,100	
6,000	
1,720,000	
131,571	
10,000	
-	

40,100	
6,000	
1,720,000	
131,571	
10,000	
-	

 $  2,057,423 

Surplus/(Deficit) Before Transfer from		
(to) Operating Reserve	16,490	

2,057,423	159,236	-	159,236	165,988	179,043	-	-	-	

-	1,907,671	-	1,907,671		1,900,919	1,887,864		-		-		-	
									-		-	

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)	$	16,490	$  2,057,423	$	159,236	$	159,236		$	165,988	$	179,043		$	-		$	-		$	-	

*Coverage Provided (Required > 1.10)	1.03	
*Net Revenue / Bond Payment Requirements		

1.12	1.12	1.12	1.13

	SERIES 2014 BOND	

Actual	
FY 2022	

Actual	
FY 2023	

Estimate EOY		
Final Budget		
Budget		
Forecast	
FY 2023		FY 2023		FY 2024		FY 2025	FY 2026	FY 2027	FY 2028		

OPERATING REVENUE		
Interest	0.53	
Stormwater Revenue	394,470.69	

-	
392,663	

-	
392,663	

197,869.00	-
388,270	- 388,259	- 388,132	- 392,620	- 391,799	
 		-	-	-	-	-	
	$  388,270	$	388,259	$	388,132	$	392,620	$	391,799	

2-04007

Total Revenues	$	394,471	 $	197,869 	

	- 	
 $	392,663 	

	- 	
 $	392,663 	

-	
-	

2-05016	
2-05017	

OPERATING EXPENSES		
Debt Service		
Assessment Fees	-	
Banking Services	-	
Principal 2014	300,000	
Interest 2014	91,758	
Misc	-	
COI	-	

-	
-	
310,000	
82,663	
-	
-	

-	
-	
310,000	
82,663	
-	

-	-	-	-	-	
-	-	-	-	-	
315,000	325,000	335,000	350,000	360,000	
73,270	63,259	53,132	42,620	31,799	
-	-	-	-	-	
-	-	-	-	-	

Total Expenses	391,758	

-	392,663	392,663		388,270	388,259		388,132		392,620		391,799	

Surplus/(Deficit) Before Transfer from		
(to) Operating Reserve	2,713	

-	-	-	-	-	-	

197,869	-

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)	$	2,713	$	197,869	$	-	$	-		$	-	$	-		$	-		$	-		$	-	

5	
157,896	
-	
	- 	
 $	157,901 	

	- 	
 $	157,901 	

5	5	5	-	-	
157,896	157,896	1,409,896	-	-	
-	-	-	-	-	
$  157,901	$	157,901	$  1,409,901	$	-  $	-	

	SERIES 2021-2 BOND - District Wide Project	

Actual	
FY 2022	

Actual	
FY 2023	

Estimate EOY		Final Budget		Budget		Forecast	
FY 2023		FY 2023		FY 2024		FY 2025	FY 2026	FY 2027	FY 2028		

OPERATING REVENUE		
Interest	0.88	
Special Assessments	-	
Misc Revenue (Prepayments) / (Capitalized Interest)	26,505	

5	
157,896	

 	
Total Revenues	$	26,506	 $	- 	

OPERATING EXPENSES		
Debt Service		
Assessment Fees	-	
Banking Services	-	
Principal 2021	-	
Interest 2021	13,362	
Misc	-	
COI	-	

-	
-	

4,000	
3,000	
120,000	
25,350	
-	
-	

4,000	
3,000	
120,000	
25,350	
-	

4,000	4,000	35,000	-	-	
3,000	3,000	3,000	-	-	
125,000	125,000	1,315,000	-	-	
23,439	21,489	10,257	-	-	
-	-	-	-	-	
-	-	-	-	-	

Total Expenses	13,362	

-	152,350	152,350		155,439	153,489		1,363,257		-		-	

Surplus/(Deficit) Before Transfer from		
(to) Operating Reserve	13,144	

5,551	5,551	2,462	4,412	46,644	-	-	

-

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)	$	13,144	$	-	$	5,551	$	5,551		$	2,462	$	4,412		$	46,644		$	-		$	-	

Estimated Beginning Fund Balance	-	1,483,348	68,348	
	-	-	-	
	-	-	-	
Interest Revenues	64	-	5,000	
Loan Revenues	1,658,495	-	-	
Additional Funding Required		-			-	 		-		

District Wide Stormwater Improvement	
FY 2023 BUDGET	

	Actual
  FY 2022 		
  FY 2023 		
  FY 2024 		
 FY 2025 		
 FY 2026 		
 FY 2027 		
 FY 2028 	
							
-		
-		
-		
-	
ADD REVENUES:												
-		
-	
								
	-			-
	-			-
	-			-
	-		
	TOTAL REVENUES AND FUNDS AVAILABLE	1,658,559		1,483,348		73,348		-		-		-		-	
				
1,415,000		
73,348		
-		
-		
-		
-	
	TOTAL EXPENDITURES	175,211		1,415,000		73,348		-		-		-		-	
TRANSFERS:	
Transfers Out to Pay Debt Service	
	-			
	-			
	-			
	-			
	-			
	-			
	-		

DEDUCT EXPENDITURES:		
Ditch piping near Post Office	175,211	

TOTAL TRANSFERS OUT		-		-	-		-		-		-		- FUND BALANCE, SEPTEMBER 30	 1,483,348  	68,348  	-	 	-	 	-	 	-	 	-