St. Lucie West Services District
Final Budget
For Fiscal Year Ending September 30, 2025

August 27th, 2024

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 2025 Proposed Annual Budget and FY 2025-2029 Capital Improvement Plan

Dear Honorable Chairman and Supervisors:

I am pleased to present the annual budget for FY 2025 and the FY 2025-2029 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 2024 and some of the major projects that were completed are:

Several lift stations will be rehabilitated for FY 2025. The lift station restoration project effort will be continued throughout the next several years to ensure that all lift stations are upgraded.
The construction of the 4C gate will be completed in early 2025.
Pipelining and structure repairs will continue throughout the next several years.
Continuing to work with the City of Port St. Lucie on the Lake Harvey Passive Park and use of the Landscaping plan.
Water Treatment Plant Redundancy Expansion Needs started FY2024 and will be continued through FY2026.
The AMI Meter Replacement Project started and anticipated to be completed in early FY2025.

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

Fiscal Year 2025 reflects positive account activity trends, and the proposed refunding of bonds will place the District in a better financial position. The refinancing of these bonds will save the District over $21,500,000 in debt service while not extending the terms. The new terms will consider the open market to allow for a better interest rate return. The District has started raising the Utility Rates to accommodate inflationary needs in FY 2024 and the proposed budget reflects a 9.0% rate increase for FY 2025 to accommodate the water treatment plant redundancy project. The Proposed Budget also includes a $30.00 increase in Maintenance Assessments for the FY 2025.

The budget for FY 2025 continues with a 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.
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 2023	FY 2024
Total Revenues

FY 2025	FY 2026
Total Expenses

FY 2027

FY 2028

FY 2029

Available Operating Cash Balance (Ending)

	

	

	

	

Unreserved Fund Balance as a % of Total
Expenditures

80%

70%

60%

50%

40%

30%

20%

10%

0%

FY 2023

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

FY 2029

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 2023

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

FY 2029

Total Revenues

Total Expenses

Total Operating Expenses

Available Operating Cash Balance (Ending)

Unreserved Utility Fund Balance as a % of Total
Expenditures

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

FY 2023

FY 2024

FY 2025

FY 2026

FY 2027

FY 2028

FY 2029

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 2025-2029 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
$1,044,943. 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 $416,494 for FY 2025. The General Fund Renewal and Replacement Fund reflects $267,460 in Stormwater improvement projects with a fund balance of
$487,719.

We are currently in the process of completing a 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 expenditure 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 2025 budget for your review and consideration.

Sincerely,

Joshua C Miller

District Manager

ST. LUCIE WEST SERVICES DISTRICT
FY 2024/2025 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	57
Water & Sewer Fund Renewal & Replacement Fund…	58
Water & Sewer Fund Water Connection Fee Fund…	59
Water & Sewer Fund Wastewater Connection Fee Fund	60
Other Funds
Debt Service Fund – Water Management Benefit Series 2013, 2014, & 2021 Five-
Year Operating Forecast	61
Capital Projects Fund – District Wide Stormwater	62

BUDGET SUMMARY	
St. Lucie West Services District - Fiscal Year 2025	

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	$	153,489					
Non-Ad Valorem Special Maintenance Assessment	$176 per ERU	$ 1,821,389					$	1,821,389	
Storm Water Drainage Fees From City		$ 2,100,000					$	2,100,000	
City Special Assessment for Bond		$	388,259					$	388,259	
Other General Fund Revenues		91,650					$	91,650	
Utility Rate Revenues					$	10,326,541		$	10,326,541	
Other Utility Fund Revenues					$	945,988		$	945,988	
General Fund R&R		$	-	
Storm Water Drainage Fees From City - To R&R		$	11,741	
Utility Fund R&R		$	-	
Water Connection Fee Fund						$	3,832	$	3,832	
Wastewater Connection Fee Fund						$	2,876	$	2,876	
TOTAL SOURCES		$ 4,401,298	$  2,220,396	$	11,741	$	11,272,529	$	6,708	$	17,912,672	
Transfer In From General Fund			388,259	$	261,069			$	649,328	
Transfer In for Utility Fund R&R				$	681,267			$	681,267	

TOTAL REVENUES & TRANSFERS IN	$ 4,401,298	$  2,608,655	$	954,077	$	11,272,529	$	6,708	$	19,243,267	
	
EXPENDITURES	
General Fund	$ 4,039,765					$	4,039,765	
General Fund Personnel	$ 2,780,222						
General Fund Operating	$ 1,133,043						
General Fund Capital Outlay	$	126,500						
General Fund R&R			$	267,460			$	267,460	
Utility Operating Fund				$	8,726,342		$	8,726,342	
Utility Fund Personnel				$	4,065,627			
Utility Fund Operating				$	4,272,215			
Utility Fund Capital Outlay				$	388,500			
Debt Service		$  2,429,612		$	2,565,276		$	4,994,888	
Utility Fund R&R			$	1,044,943			$	1,044,943	
Water Connection Fee Fund					$	-	$	-	
Wastewater Connection Fee Fund					$	-	$	-	
TOTAL EXPENDITURES	$ 4,039,765	$  2,429,612	$	1,312,403	$	11,291,618	$	-	$	19,073,398	
Transfer Out to General Fund R&R	$	261,069					$	261,069	
Transfer Out to 2014 Bond	$	388,259					$	388,259	
Transfer Out to Utility Fund R&R				$	681,267		$	681,267	
Transfer Out to Utility Rate Stabilization Fund				$	-			
TOTAL EXPENDITURES AND TRANSFERS OUT	$ 4,689,093	$  2,429,612	$	1,312,403	$	11,972,885	$	-	$	20,403,993	
Fund Balance/Reserves	$ 2,324,639		$	1,262,539	$	6,111,581	$	1,493,160	$	11,191,919	

NET ENDING BALANCE	$ 2,036,844	$	179,043	$	904,213	$	5,411,225	$	1,499,868	$	10,031,193

SLWSD Final Budget FY 2025 (8/27/2024)	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 to 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 2025 due in part to Capital Outlay purchases and transfer to R&R Fund for stormwater repairs. The General Fund for both FY 2024 and 2025 will have a fund balance exceeding $1,800,000. This 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 3.1% for FY 2025 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 and liability insurance, for which national projections call

for continuing increases. Energy costs are expected to grow at an inflation rate of 10.0% for FY 2025 as well.

Rate Adjustment – The Special Assessment rate of $176.00 per ERU proposed in the budget for FY 2025 reflects a $30.00 per ERU increase over the FY 2024 Budget.

The ERU numbers are expected to remain the same in FY 2025. We expect revenues in most categories to remain the same per year for each of the next five years. Fiscal years 2026 and 2027 reflect a $40.00 and $20.00 increase respectively in assessments per ERU.

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 2025 are as follows: The Aquatics Division is requesting the replacement of an ATV mule for $18,000.00 and an outboard motor for $6000.00. The Administration Division is requesting a shared cost for a new vehicle for a Public Information Officer for the District of $20,000.00 this FY; The Exotic Plant Removal Division is not requesting any capital expenditures this FY. The Stormwater Division is requesting a shared replacement cost for a replacement roll-off truck for $80,000.00. The Shop Division is requesting $2500.00 for a Blade grinder. The total cost for capital items for this FY is $126,500.00.
The General Fund Renewal and Replacement Fund Project is for emergency storm water projects in the amount of $267,460. The total will leave an R&R Fund balance of $487,719.

Project Maintenance Fees 2.04%
Interest 0.00%

Permit Fees 0.00%

Miscellaneous Fees 0.04%

City for Stormwater Bond Payment 9.06%

Special Assessments 41.27%

Storm Water Drainage Fees 47.59%

TOTAL REVENUES	$ 4,413,039

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	
1,821,389	
400,000	
14	
90,000	
-	
    1,636 	

47.6%	
41.3%	
9.1%	
0.0%	
2.0%	
0.0%	
0.0%	

TOTAL OPERATIONAL REVENUE

$ 4,413,039

100.0%

GENERAL FUND PRIOR YEARS BALANCE	$ 2,324,639

1%

1%
3%
1%
6%
5%
9%	

0%	

0%
0%					

Aquatics Division	
							Stormwater Maintenance Division	
				0%			Administration Division	
			8%		13%		Exotic Plant Removal Division
Finance	
						19%	Capital Improvement Projects R&R Fund
Legal Services	
							Shop Operations	
				34%			Engineering Services
District Manager	
							Board of Supervisors	
							Clerk to the Board	
							Pollution Control	
							Debt Service 2014 Bond	
							Grant Management	
TOTAL EXPENDITURES					$ 4,700,834	

PERSONNEL	
OPERATING	CAPITAL 
OUTLAY	
  TOTALS 	

PERCENT	
 EXPENDITURES	

Aquatics Division	430,575	154,655	24,000	609,230	12.96%	
Stormwater Maintenance Division	580,554	232,934	80,000	893,488	19.01%	
Administration Division	1,276,532	276,106	20,000	1,572,638	33.45%	
Exotic Plant Removal Division	355,821	66,916	-	422,737	8.99%	
Finance		248,429		248,429	5.28%	
Capital Improvement Projects R&R Fund				272,810	5.80%	
Legal Services		36,170		36,170	0.77%	
Shop Operations	94,755	32,455	2,500	129,710	2.76%	
Engineering Services		50,094		50,094	1.07%	
District Manager	29,067	12,762		41,829	0.89%	
Board of Supervisors	12,918	2,787		15,705	0.33%	
Clerk to the Board		15,526		15,526	0.33%	
Pollution Control		2,727		2,727	0.06%	
Debt Service 2014 Bond				388,259	8.26%	
Grant Management		            1,482			1,482  		0.03%	

TOTAL EXPENDITURES	$ 2,780,222	$ 1,133,043	$ 126,500	$ 4,700,834	99.99%	

St. Lucie West Services District General Fund Budget Summary		

	FY 2023		
	FY 2024		
	FY 2025		
	ACTUAL			ESTIMATE		  PROPOSED		

	FY 2024		
ORIGINAL BUDGET	

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

1,270,349	
1,898,527	
400,000	
     171,379 	

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

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

1,821,389	
2,100,000	
400,000	
      91,650 	

TOTAL OPERATING REVENUES	3,740,255	4,051,871	4,051,871	4,413,039	
FUND BALANCE, October 1	2,753,526	2,808,091	2,808,091	2,324,639	
TOTAL REVENUES AND FUNDS AVAILABLE	6,493,781	6,859,962	6,859,962	6,737,678	

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	

16,388	
25,335	
143,520	
1,284	
10,497	
15,787	
32,884	
-	
1,193,215	
475,697	
535,094	
496,717	
104,953	
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	
256,749	
388,270	

15,645	
47,361	
239,292	
1,437	
15,059	
35,083	
48,588	
2,668	
1,411,345	
609,634	
787,436	
489,370	
127,386	
316,749	
388,270	

15,705	
41,829	
248,429	
1,482	
15,526	
36,170	
50,094	
2,727	
1,572,638	
609,230	
893,488	
422,737	
129,710	
272,810	
388,259	

TOTAL EXPENDITURES	3,685,690	4,361,833	4,535,323	4,700,834

FUND BALANCE, SEPTEMBER 30		2,808,091  	2,498,129  	2,324,639  	2,036,844 

Actual FY 2023

Actual YTD FY 2024

Estimate EOY FY 2024

Orig. Budget FY 2024

Final Amended Budget
FY 2024

Budget FY 2025

2,500
-

General Fund Balance (Beginning)	2,753,526	2,808,091	2,808,091	2,808,091	2,808,091	2,324,639

OPERATING REVENUE
1-04001	Permit Fees	7,500.00
1-04002	Grant Revenue	-

3,333	-	-

-
-

-	-	-

1-04003	Miscellaneous Fees	-		-	-		-		-	-	
1-04004	Storm Water Drainage Fees From City	1,898,527.29	2,167,937	2,167,937	2,100,000	2,100,000	2,100,000	
1-04005	Project Maintenance Fees	45,569.00	-	-	45,569	45,569	90,000	
1-04006	Interest	16,597.55	25,017	33,356	13	13	14	
1-04007	Special Maintenance Assessments	1,270,349.05	1,472,360	1,472,360	1,500,389	1,500,389		1,821,389 	
1-04009	Miscellaneous Income	101,711.88	30,663	40,884	5,900	5,900	1,636	
1-04010	WMB Prepayment	-	-	-	-	-	-	
1-04012	Stormwater Drainage from City for Bond	392,663		-	-		388,270		388,270	388,259	
1-04014	Stormwater Drainage from City for Lake Harvey	7,337		-	-		11,730		11,730	11,741	
	Total Revenues	$	3,740,255		$	3,698,477	$	3,717,870		$  4,051,871		$	4,051,871	$	4,413,039	
	
OPERATING EXPENSES
 Board of Supervisors										
1-05001	Executive Salaries	13,007.10		8,392	11,189		12,000		12,000	12,000	
1-05002	FICA	995.04		642	856		918		918	918	
1-05015	Board Meeting Expenses	2,386.32		1,203	1,604		2,727		2,727	2,787	
	TOTAL BOARD OF SUPERVISORS	16,388		10,237	13,649		15,645		
15,645	15,705	
	
District Manager										
1-06001	
Assessment Fees & Costs	307.65		8,304	-		10,147		10,147	10,462	
1-06003	Operations & Maintenance Services	607.28		415	553		1,249		1,249	1,288	
1-06005	Management Contract	24,420.00		-	-		25,983		34,983	29,067	
1-06009	Travel & Per Diem	-		-	-		982		982	1,012	
	TOTAL DISTRICT MANAGER	25,335		8,719	553		38,361		
47,361	41,829	
	
Finance										
1-07001	Dissemination Agent	-		-	-		2,030		2,030	2,030	
1-07002	Arbitrage	-		-	-		2,211		2,211	2,280	
1-07004	Accounting Services	31,041.60		24,794	33,059		38,153		38,153	39,336	
1-07005	Auditing	12,015.00		310	413		15,537		15,537	16,019	
1-07007	Banking Services	3,215.73		235	313		826		826	852	
1-07009	Property & Casualty Insurance	68,896.50		110,682	147,576		131,354		131,354	131,354	
1-07018	Property Taxes & Assessments	28,350.89		32,684	43,579		49,181		49,181	56,558	
	TOTAL FINANCE	143,520		168,705	224,940		239,292		
239,292		248,429 	
	
Grant Management							
1-12001	Contractual Services -GM	1,284.00		-	-	1,437	1,437	1,482	
	TOTAL GRANT MANAGEMENT	1,284		-	-	1,437	1,437	1,482	

Actual YTD FY 2024

6,198
601
855
146
7,800

8,264
801
1,140
195
10,400

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

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

31,245		41,660 
-	-
31,245	41,660

31,262
3,821
35,083

31,262
3,821
35,083

13,938
13,938

18,584
18,584

48,588
48,588

48,588
48,588

-
-

-
-

2,668
2,668

2,668
2,668

321,765
2,761
27,138
29,479
388,142
19,238
- 693
3,560
- 1,561
160
794,497

429,020
3,681
36,184
39,305
517,523
25,651
-
- 4,747
- 2,081
213
1,058,405

410,872
4,047
34,863
39,681
609,071
25,822
2,385
2,793
5,420
7,200
6,420
1,198
1,149,772

410,872
4,047
34,863
39,681
609,071
25,822
2,385
2,793
8,420
7,200
6,420
1,198
1,152,772

473,609
4,172
39,926
45,616
657,797
26,338
2,459
2,880
8,681
7,200
6,619
1,235
1,276,532

49,840
3,430
3,023
3,058
1,655
5,132
1,976
245
-

66,453
4,573
4,031
4,077
2,207
6,843
- 327
-

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

91,806
10,951
4,578
11,821
3,264
6,927
3,851
3,108
20,400

Final Amended Budget
FY 2024

Estimate EOY FY 2024

Orig. Budget	
FY 2024	

	

Budget	
FY 2025	

10,848
1,062
1,717
1,899
	15,526 

	
Actual	
	FY 2023	
Clerk to the Board		
Other Contractual Services	7,760.40	
Postage & Freight	1,053.10	
Printing & Binding	1,283.28	
Legal Ads	400.13	
TOTAL CLERK TO THE BOARD	10,497	

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

32,231
3,939
	36,170 

Legal Services		
General Counsel	14,146.62	
Special Counsel	1,640.25	
TOTAL LEGAL COUNSEL	15,787	

1-19001
1-23001

50,094
	50,094 

Engineering Services		
Engineering Services	32,883.93	
TOTAL ENGINEERING	32,884	

1-26002

2,727

	2,727 

Pollution Control
1-29002 Regulatory & Permit Fees	-

ADMINISTRATION DIVISION		
Personnel		
Regular Salaries	431,514.64	
Overtime	1,876.74	
FICA	31,116.70	
Retirement Contributions	38,862.84	
Health/Life/Dental Insurance	461,430.00	
Workers Comp	14,452.43	
Unemployment Insurance	-	
Uniforms	3,323.12	
Training, Cont. Educ., and Licensing	4,376.28	
Vehicle Allowance	3,600.00	
Annual PTO	3,553.32	
Cell Stipend			260.00 	
Total Administration Personnel: 		994,366 	
ADMIN Operating		
Other Contractual Services	67,918.47	
Website Maintenance	5,789.48	
Water - Irrigation	10,444.20	
Telephone & Cell Service	9,989.04	
Postage & Freight	792.76	
Electricity Services	8,683.79	
Equipment Leasing	6,579.50	
Administration Maintenance	1,117.63	
Contingencies - Hurricane	2,992.45	

TOTAL POLLUTION CONTROL	-

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

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

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

	Actual YTD FY 2024		Estimate EOY FY 2024		Orig. Budget FY 2024		Final Amended Budget
FY 2024		Budget FY 2025	
	3,425		4,567		14,076		12,076		12,450	
	24,209		32,279		42,576		42,576		51,091	
	3,205		4,273		7,776		7,776		8,017	
	11,790		15,720		5,197		10,197		10,401	
	8,364		11,152		3,938		15,938		16,735	
	13,990		18,653		17,255		17,255		20,706	
			-		-		-		-	
Total Administration Operating:	198,849		133,342	175,155	241,573	258,573	276,106	
	Capital Outlay Administration							
1-33101	Equipment	-	-	-	-	-	20,000	
1-33102	Building	-	-	-	-	-	-	
1-33103	Other	-	-	-	-	-	-	
Total Administration Capital Outlay:	-	-	-	-	-	20,000	

Actual	
	FY 2023	
Office Supplies	4,149.39	
Fuel & Lubricants - Vehicle	38,680.89	
Operating Supplies and Expenses	5,203.84	
Computer Software	6,740.08	
Computer Hardware/ Supplies	3,706.23	
Fuel & Lubricants - Equipment	26,061.64	
Minor Construction Expenses	-	

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

	TOTAL ADMINISTRATION		1,193,215 	

927,839

1,233,560		1,391,345 

1,411,345

1,572,638

AQUATICS DIVISION
Personnel Regular Salaries Overtime
FICA
Retirement Contributions Uniforms
Training, Cont. Educ., and Licensing Annual PTO
Cell Stipend

276,904.51
18,023.59
21,629.53
26,255.89
2,650.32
2,415.33
-
	- 

Total Aquatics Personnel: 	347,879  Aquatics Operating

176,185
18,224
16,049
18,043
1,658
1,740
- 600
232,499

234,913
24,299
21,399
24,057
2,211
2,320
- 800
309,999

353,135
22,802
29,175
33,834
4,757
3,991
4,286
1,144
453,124

323,135
22,802
26,880
31,134
4,257
3,991
4,286
1,144
417,629

333,152
23,509
27,713
32,099
4,389
4,115
4,419
1,179
430,575

Operations & Maintenance Svc	2,542.56
Disposal Fees	1,430.00
Operating Supplies	5,635.75
Equipment Maintenance	7,027.67
Chemicals	91,691.34
Machinery & Equipment		4,610.36 
Total Aquatics Operating: 	112,938  Capital Outlay Aquatics

6,598
775
5,617
8,261
50,680
4,075
76,006

8,797
1,033
7,489
11,015
67,573
5,433
101,340

Equipment Building Other

Total Aquatics Capital Outlay:

14,879.82
-
-
14,880

40,123
-
-
40,123

53,497
-
-
53,497

42,000
-
-
42,000

42,000
-
-
42,000

24,000
-
- 24,000

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

10,741	
3,197	
8,614	
13,896	
118,853	
     5,204 	
    160,505 	

10,741	
2,697	
8,614	
13,896	
108,853	
       5,204 	
      150,005 	

11,074	
2,781	
8,881	
14,327	
112,227	
5,365	
	154,655 	

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

1-31101
1-31102
1-31103

TOTAL AQUATICS DIVISION	475,697	348,628	464,836		655,629 	609,634	609,230	
	STORM WATER MANAGEMENT DIVISION
Personnel							
1-16001	Regular Salaries	266,204.07	248,881	331,841	352,882	436,882	455,425	

	
Actual	
	FY 2023	
Overtime	15,200.48	
FICA	26,726.16	
Retirement Contributions	25,087.87	
Uniforms	3,073.72	
Training, Cont. Educ., and Licensing	2,172.31	
Annual PTO	844.19	
Cell Stipend		195.00 	
Total Storm Water Personnel:		339,504 	
Storm Water Operating		
Operations & Maintenance Svc	53,002.33	
Laboratory Services	3,240.00	
Disposal Fees	1,270.95	
Operating Supplies	13,037.81	
Landscape Materials	30,881.19	
Vehicle Maintenance	5,588.84	
Equipment Maintenance	24,997.83	
Chemicals	1,913.58	
Electricity Services		11,015.04 	
Total Storm Water Operating:		144,948 	
Capital Outlay Storm Water		
Equipment	41,492.00	
Building	9,150.00	
Other - GIS Mapping	-	
Total Storm Water Capital Outlay:	50,642	
		
TOTAL STORM WATER MANAGEMENT DIVI	535,094	

Actual YTD		
Estimate EOY		
Orig. Budget		Final Amended Budget		
Budget	
FY 2024		FY 2024		FY 2024		FY 2024		FY 2025	
9,589		12,785		22,081		25,081		25,859	
16,495		21,993		29,307		35,963		37,459	
20,094		26,792		33,747		41,577		43,316	
1,765		2,353		4,436		4,436		4,574	
2,267		-		5,373		5,373		5,540	
5,901		7,868		7,294		7,294		7,520	
180		240		835		835		861	
305,172		403,872		455,955		557,441		580,554	

1-16002
1-16003
1-16004
1-16008
1-16010
1-16011

68,156
1,440
1,108
10,994
21,954
4,885
20,084
1,281
7,466
137,368

90,875
1,920
1,477
14,659
- 6,513
26,779
1,708
9,955
153,886

-
89,149	91,913
4,581	4,723
1,982	2,043
19,267	19,864
42,560	43,879
17,478	18,020
32,186	33,184
3,817	3,935
	13,975 	15,373
	224,995  	232,934 

- 5,000
-
5,000
447,540

- 6,667
-
6,667
564,425

- 5,000
-
5,000
	662,950 

- 5,000
-
5,000

80,000
-
- 80,000

	787,436	893,488 

EXOTIC PLANT REMOVAL DIVISION
Personnel

1-16012

79,149	
4,581	
1,982	
19,267	
42,560	
7,478	
32,186	
3,817	
     10,975 	
    201,995 	

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

1-34101
1-34102
1-34103

1-17001	Regular Salaries	306,547.19	182,029	242,705	256,596	262,596	275,736	
1-17002	Overtime	14,333.70	13,098	17,464	19,757	19,757	20,369	
1-17003	FICA	23,736.82	15,945	21,260	21,442	21,901	22,963	
1-17004	Retirement Contributions	27,833.88	21,093	28,124	24,872	25,412	26,649	
1-17008	Uniforms	3,516.72	2,250	3,000	3,791	3,791	3,909	
1-17010	Training, Cont. Educ., and Licensing	1,675.38	388	517	2,069	2,069	2,133	
1-17011	Annual PTO	1,611.20	4,079	5,439	3,382	3,382	3,487	
1-17012	Cell Stipend		195.00 	120	160	558	558	575	
	Total Exotic Plant Personnel:		379,450 	239,002	318,669	332,467	339,466	355,821	
	Exotic Plant Operating					-		
1-35001	Operations & Maintenance Svc	14,612.23	15,527	20,703	26,627	26,627	27,452	
1-35003	Disposal Fees	4,900.00	4,088	5,451	6,255	6,255	6,449	
1-35004	Operating Supplies	8,673.85	7,264	9,685	15,029	14,029	14,464	
1-35006	Vehicle Maintenance	4,359.20	2,973	3,964	8,003	8,003	8,251	
1-35008	Chemicals	7,721.52	3,993	5,324	9,990	9,990	10,300	
1-35010	Maintenance Contracts		- 		-		- 		-		-	
	Total Exotic Plant Operating:		40,267 	33,845	45,127		65,904 		64,904 		66,916 	

Actual YTD		Final Amended
Estimate EOY	Orig. Budget	Budget	Budget							
FY 2024		FY 2024	FY 2024	FY 2024	FY 2025							

	
Actual	
	FY 2023	
Capital Outlay Exotic Plant		
Equipment	77,000.00	
Building	-	
Other	-	
Total Exotic Plant Capital Outlay:	77,000	

1-35101
1-35102
1-35103

TOTAL EXOTIC PLANT REMOVAL DIVISION	496,717

84,784	113,045	85,000	85,000	-
-	-	-	-	-
-	-	-	-	-
84,784	113,045	85,000	85,000	-

357,631	476,841	483,371	489,370	422,737

SHOP OPERATIONS DIVISION
Personnel
1-18001	Regular Salaries	62,705.34
1-18002	Overtime	2,973.36
1-18003	FICA	4,904.45
1-18004	Retirement Contributions	5,755.25
1-18013	Uniforms	536.72
1-18015	Training, Cont. Educ., and Licensing	419.63
1-18016	Annual PTO	1,234.66
1-18017  Cell Stipend	-

39,094	52,125	67,141	67,141
1,686	2,248	6,439	6,439
3,741	4,988	5,629	5,629
4,370	5,827	6,622	6,622
228	304	716	716
(17)	(23)	3,215	3,215
1,444	1,925	1,847	1,847
-	-	298	298

69,222
6,639
5,803
6,827
738
3,315
1,904
307

Shop Operating

Total Shop Personnel:	78,529

50,546	67,394	91,907	91,907	94,755
-

1-36001	Operations & Maintenance Svc	7,667.63
1-36002	Disposal Fees	979.90
1-36003	Operating Supplies	4,175.29
1-36006	Machinery & Equipment	8,775.05

5,059	6,745
568	757
3,362	4,483
4,557	6,076

11,704

11,704	
2,069	
7,216	
10,490	
31,479	

2,069
7,216
	10,490 

12,067
2,133
7,440
10,815

Capital Outlay Shop

Total Shop Operating:	21,598

13,546	18,061

	31,479  	32,455 

1-36101 Equipment	4,825.75
1-36102 Building	-
1-36103 Other	-
Total Shop Capital Outlay:	4,826

3,818	5,091	4,000	4,000	2,500
-	-	-	-	-
-	-	-	-	-
3,818	5,091	4,000	4,000	2,500

SHOP OPERATIONS DIVISION	104,953	67,910	90,546	127,386	127,386	129,710

Total Operating Expenses	  
3,051,371	2,390,192	3,139,994	3,716,814	3,830,304	4,039,765	

NON-OPERATING INCOME AND EXPENSES	
Other Expense	

1-04013
1-04013

315,000

162,808	75,019	75,019	91,069

	388,270 

DEBT SERVICE EXPENSES		
Principal 2014 Bond Issue - sent to Trustee	310,000	193,036	257,381	315,000	
Interest 2014 Bond issue - sent to Trustee	82,663	-	-	73,270	
TOTAL DEBT SERVICE:	392,663	193,036	257,381	388,270	

325,000	
63,259	
	388,259 	

	73,270 

CAPITAL IMPROVEMENT 		
Capital Improvement Program R&R	64,319	122,106	

Actual FY 2023					
Add R&R Funding / Grant Revenue	170,000												
Add SWD funds from City for DS commitment
Land Sale Transfer to R&R Funding	7,337
-												
TOTAL OTHER CAPITAL EXPENSES R&R FUND:	241,656		122,106			162,808		256,749		316,749		272,810	
													
Total Expenses	$	3,685,690		$	2,705,334		$	3,560,183		$  4,361,833		$	4,535,323		$	4,700,834	
													
Total Revenues	$	3,740,255		$	3,698,477		$	3,717,870		$  4,051,871		$	4,051,871		$	4,413,039	
													
Surplus/(Deficit)	54,565		993,143			157,687		(309,962)		(483,452)		(287,795)	
													
Available Operating Cash Balance (Ending)	$	2,808,091		$	3,801,234		$	2,965,778		$  2,498,129		$	2,324,639		$	2,036,844	

						Final Amended			
Actual YTD		Estimate EOY		Orig. Budget		Budget		Budget	
FY 2024		FY 2024		FY 2024		FY 2024		FY 2025	
	-	-		170,000		230,000		170,000	
	-	-		11,730		11,730		11,741	
	-	-		-		-		-	

Grant Management	
Contractual Services -GM	1,512		1,542		1,573	1,604	
TOTAL GRANT MANAGEMENT	1,512	-	1,542	-	1,573	1,604	

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

1-04001	General Fund Balance (Beginning)	2,036,844	2,086,878

-	2,116,464

-	2,239,367

-	
1-04002			-	-	-	
1-04003			-	-	-	
1-04004			2,100,000	2,100,000	2,100,000	
1-04005			93,636	95,509	97,419	
1-04006			17	19	21	
1-04007			2,463,389	2,677,389	2,891,389	
1-04009			1,769	1,840	1,914	
1-04010			-	-	-	
1-04012			392,620	391,799	390,587	
1-04014			- 	7,380 	- 	8,201 		9,413 	
			$	5,058,811	$	5,274,757	$	5,490,743	

OPERATING REVENUE	
Permit Fees	-	
Grant Revenue	-	
Miscellaneous Fees	-	
Storm Water Drainage Fees From City	2,100,000	
Project Maintenance Fees	91,800	
Interest	15	
Special Maintenance Assessments	2,249,389	
Miscellaneous Income	1,701	
WMB Prepayment	-	
Stormwater Drainage from City for Bond	388,132	
Stormwater Drainage from City for Lake Harvey	11,868	
Total Revenues	$	4,842,905	

OPERATING EXPENSES	
 Board of Supervisors	
Executive Salaries	12,000		12,000		12,000	12,000	
FICA	918		918		918	918	
Board Meeting Expenses	2,848		2,911		2,975	3,040	
TOTAL BOARD OF SUPERVISORS	15,766	-	15,829	-	15,893	15,958	

1-05001
1-05002

District Manager	
Assessment Fees & Costs	10,671	
Operations & Maintenance Services	1,314	
Management Contract	29,648	
Travel & Per Diem	1,032	
TOTAL DISTRICT MANAGER	42,665	

Finance	
Dissemination Agent	2,030	
Arbitrage	2,326	
Accounting Services	40,123	
Auditing	16,339	
Banking Services	869	
Property & Casualty Insurance	122,981	
Property Taxes & Assessments	56,558	
TOTAL FINANCE	241,226	

1-05015

1-06001	10,884	11,102	11,324	
1-06003	1,340	1,367	1,394	
1-06005	30,241	30,846	31,463	
1-06009		1,053 		1,074 		1,095 	
	- 	43,518  -		44,389 		45,276 	

1-07001	

2,030	

2,030	

2,030	
1-07002	2,373	2,420	2,468	
1-07004	40,925	41,744	42,579	
1-07005	16,666	16,999	17,339	
1-07007	886	904	922	
1-07009	114,441	128,730	143,305	
1-07018		56,558 		56,558 		56,558 	
	- 	233,879  -		249,385 		265,201 	

1-12001				

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

Clerk to the Board	
Other Contractual Services	11,065	
Postage & Freight	1,083	
Printing & Binding	1,751	
Legal Ads	1,937	
TOTAL CLERK TO THE BOARD	15,836	

11,286	
1,105	
1,786	
1,976	
16,153	

11,512		11,742	
1,127		1,150	
1,822		1,858	
2,016		2,056	
16,477		16,806	

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

1-19001
1-23001

1-26002

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	

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

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

33,534	34,205	34,889

Legal Services	
General Counsel	32,876	
Special Counsel	4,018	
TOTAL LEGAL COUNSEL	36,894	

4,098	4,180	4,264
	 
-	37,632  -	38,385	39,153

Engineering Services	
Engineering Services	51,096	
TOTAL ENGINEERING	51,096	

52,118	53,160	54,223
	 
-	52,118  -	53,160	54,223

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

2,848	2,911	2,975
	 
-	2,848  -	2,911	2,975

483,081	492,743	502,598	512,650	
4,255	4,340	4,427	4,516	
40,713	41,516	42,336	43,171	
46,529	47,459	48,408	49,377	
703,843	753,112	805,830	862,238	
26,865	27,402	27,950	28,509	
2,508	2,558	2,609	2,661	
2,938	2,997	3,057	3,118	
8,855	9,032	9,213	9,397	
7,200	7,200	7,200	7,200	
6,751	6,886	7,024	7,164	
1,260	1,285	1,311	1,337	
1,334,798	1,396,530	1,461,963	1,531,338	

93,642	95,515	97,425	99,374	
11,170	11,393	11,621	11,853	
4,670	4,763	4,858	4,955	
12,057	12,298	12,544	12,795	
3,329	3,396	3,464	3,533	
7,412	7,931	8,486	9,080	
3,928	4,007	4,087	4,169	
3,170	3,233	3,298	3,364	
20,400	20,400	20,400	20,400	

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

 
Office Supplies	
Fuel & Lubricants - Vehicle	
Operating Supplies and Expenses	
Computer Software	
Computer Hardware/ Supplies	
Fuel & Lubricants - Equipment	
Minor Construction Expenses	

	

Forecast	
FY 2026		FY 2027		FY 2028	FY 2029	
12,699		12,953		13,212	13,476	
53,646		56,328		59,144	62,101	
8,177		8,341		8,508	8,678	
10,609		10,821		11,037	11,258	
17,572	-	18,451	-	19,374	20,343	
21,741		22,828		23,969	25,167	
-		-		-	-	

	284,222		292,658		301,427		310,546	

1-33101							
-		
-	
1-33102			-		-		-		-	
1-33103			-		-		-		-	
			-		-		-		-	
										
		TOTAL ADMINISTRATION				1,619,020 			1,689,188 			1,763,390 			1,841,884 	

Total Administration Operating:	
Capital Outlay Administration	
Equipment	
Building	
Other	
Total Administration Capital Outlay:	

AQUATICS DIVISION	
Personnel	
Regular Salaries	339,815		346,611	353,543	360,614	
Overtime	23,979		24,459	24,948	25,447	
FICA	28,267		28,832	29,409	29,997	
Retirement Contributions	32,741		33,396	34,064	34,745	
Uniforms	4,477		4,567	4,658	4,751	
Training, Cont. Educ., and Licensing	4,197		4,281	4,367	4,454	
Annual PTO	4,507		4,597	4,689	4,783	
Cell Stipend	1,203		1,227	1,252	1,277	
Total Aquatics Personnel:	439,186		447,970	456,930	466,068	
Aquatics Operating	
Operations & Maintenance Svc	11,295		11,521	11,751	11,986	
Disposal Fees	2,837		2,894	2,952	3,011	
Operating Supplies	9,059		9,240	9,425	9,614	
Equipment Maintenance	14,614		14,906	15,204	15,508	
Chemicals	114,472		116,761	119,096	121,478	
Machinery & Equipment		5,472 			5,581 		5,693  	5,807 	
Total Aquatics Operating:		157,749 			160,903 		164,121  	167,404 	
Capital Outlay Aquatics	
Equipment	-		75,000	80,000	-	
Building	-		-	-	-	
Other	-		-	-	-	
Total Aquatics Capital Outlay:	-		75,000	80,000	-	
	
 TOTAL AQUATICS DIVISION		596,935	-	683,873	701,051	633,472	
STORM WATER MANAGEMENT DIVISION	
Personnel	
Regular Salaries	464,534		473,825	483,302	492,968	

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

Forecast	
	FY 2026	FY 2027	FY 2028	FY 2029	
1-16002	

	
1-16003		
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		

		

Overtime	26,376	26,904	27,442	27,991	
FICA	38,209	38,973	39,752	40,547	
Retirement Contributions	44,182	45,066	45,967	46,886	
Uniforms	4,665	4,758	4,853	4,950	
Training, Cont. Educ., and Licensing	5,651	5,764	5,879	5,997	
Annual PTO	7,670	7,823	7,979	8,139	
Cell Stipend	878	896	914	932	
Total Storm Water Personnel:	592,165	604,009	616,088	628,410	
Storm Water Operating	
Operations & Maintenance Svc	93,751	95,626	97,539	99,490	
Laboratory Services	4,817	4,913	5,011	5,111	
Disposal Fees	2,084	2,126	2,169	2,212	
Operating Supplies	20,261	20,666	21,079	21,501	
Landscape Materials	44,757	45,652	46,565	47,496	
Vehicle Maintenance	18,380	18,748	19,123	19,505	
Equipment Maintenance	33,848	34,525	35,216	35,920	
Chemicals	4,014	4,094	4,176	4,260	
Electricity Services		16,142 		16,949 		17,796  	18,686 	
Total Storm Water Operating:		238,054 		243,299 		248,674  	254,181 	
Capital Outlay Storm Water	
Equipment	75,000	-	98,000	190,000	
Building	-	-	-	-	
Other - GIS Mapping	-	-	-	-	
Total Storm Water Capital Outlay:	75,000	-	98,000	190,000	
	
 TOTAL STORM WATER MANAGEMENT DIVI 	905,219	847,308	962,762	1,072,591	

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:	

281,251	286,876	292,614	298,466	
20,776	21,192	21,616	22,048	
23,422	23,891	24,368	24,856	
27,182	27,726	28,281	28,846	
3,987	4,067	4,148	4,231	
2,176	2,220	2,264	2,309	
3,557	3,628	3,701	3,775	
587	599	611	623	
362,938	370,199	377,603	385,154	

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

28,001	
6,578	
14,753	
8,416	
10,506	
          - 	
       68,254 	

28,561	
6,710	
15,048	
8,584	
10,716	
         - 	
      69,619 	

29,132	
6,844	
15,349	
8,756	
10,930	
         - 	
      71,011 	

29,715	
6,981	
15,656	
8,931	
11,149	
         - 	
      72,432 	

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

Forecast	

	FY 2026	FY 2027	FY 2028	FY 2029	

1-35101	Capital Outlay Exotic Plant
Equipment		
13,000	
90,000	
15,000	
65,000	
1-35102	Building		-	-	-	-	
1-35103	Other		-	-	-	-	
	Total Exotic Plant Capital Outlay:		13,000	90,000	15,000	65,000	
							
	 TOTAL EXOTIC PLANT REMOVAL DIVISION 		444,192	529,818	463,614	522,586	
	
SHOP OPERATIONS DIVISION
Personnel						
1-18001	Regular Salaries		70,606	72,018	73,458	74,927	
1-18002	Overtime		6,772	6,907	7,045	7,186	
1-18003	FICA		5,919	6,038	6,158	6,282	
1-18004	Retirement Contributions		6,964	7,103	7,245	7,390	
1-18013	Uniforms		753	768	783	799	
1-18015	Training, Cont. Educ., and Licensing		3,381	3,449	3,518	3,588	
1-18016	Annual PTO		1,942	1,981	2,021	2,061	
1-18017	Cell Stipend		313	319	325	332	
	Total Shop Personnel:		96,650	98,583	100,553	102,565	
	Shop Operating						
1-36001	Operations & Maintenance Svc		12,308		12,554		12,805		13,061	
1-36002	Disposal Fees		2,176		2,220		2,264		2,309	
1-36003	Operating Supplies		7,589		7,741		7,896		8,054	
1-36006	Machinery & Equipment			11,031 			11,252 			11,477 			11,707 	

1-36101	Total Shop Operating:
Capital Outlay Shop
Equipment			33,104 

7,500			33,767 

50,000			34,442 

-			35,131 

-	
1-36102	Building		-		-		-		-	
1-36103	Other		-		-		-		-	
	Total Shop Capital Outlay:		7,500		50,000		-		-	
										
	 SHOP OPERATIONS DIVISION			137,254		182,350		134,995		137,696	
										
	Total Operating Expenses			4,110,402 			4,336,056 			4,447,985 			4,649,425 	

NON-OPERATING INCOME AND EXPENSES
Other Expense

DEBT SERVICE EXPENSES
1-04013	Principal 2014 Bond Issue - sent to Trustee	335,000	350,000	360,000	370,000	
1-04013	Interest 2014 Bond issue - sent to Trustee		53,132 		42,620 		31,799 		20,587 	
TOTAL DEBT SERVICE:		388,132 		392,620 		391,799 		390,587 	

CAPITAL IMPROVEMENT 		- 		
 	
Capital Improvement Program R&R	112,469	123,169	133,869	144,569	

Forecast

FY 2026	FY 2027	FY 2028	FY 2029
Add R&R Funding / Grant Revenue	170,000	170,000	170,000	170,000	
Add SWD funds from City for DS commitment	11,868	7,380	8,201	9,413	
Land Sale Transfer to R&R Funding	-	-	-	-	
TOTAL OTHER CAPITAL EXPENSES R&R FUND:	294,337	300,549	312,070	323,982	

Total Expenses Total Revenues

$	4,792,871

$	4,842,905

$	5,029,225

$	5,058,811

$	5,151,854	$

$	5,274,757	$

5,363,994

5,490,743

50,034	
$	2,086,878	

29,586	
$	2,116,464	

Surplus/(Deficit)	122,903	126,749

Available Operating Cash Balance (Ending)

$	2,239,367	$

2,366,116

GENERAL FUND RENEWAL & REPLACEMENT FUND FY 2025 BUDGET

FY 2024	
FY 2025	
FY 2026	
FY 2027	
FY 2028	
FY 2029	

482,369	

482,369	

487,719	

513,259	

543,667	

896,315	

-	
-	
-	
-	
-	
-	
75,019	91,069	112,469	123,169	133,869	144,569	
230,000	170,000	170,000	170,000	170,000	170,000	
11,730	11,741	11,868	7,380	8,201	9,413	
	272,810	294,337	300,549	312,070	323,982	

799,118	
755,179	
782,056	
813,808	
1,167,807	
1,544,279	

316,749	
267,460	
268,797	
270,141	
271,492	
272,849	
-	-	-	-	-	-	
-	-	-	-	-	-	

316,749	
267,460	
268,797	
270,141	
271,492	
272,849	
482,369	487,719	513,259	543,667	896,315	1,271,430	

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 year. This would include revenue received for the outsourcing of the video ray system, vac 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 $176.00 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 2025 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. This 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, and auto and property coverage. An increase is assumed for the FY2025 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 FY2025 budget this line item particularly refers to legal matters regarding labor issues or other special legal services.

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. One new position, Public Information Officer, is planned for this FY. This position’s salary shall be split with the Water & Sewer Fund. This year we are proposing to give a 3.1% 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 monthly.

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 number 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 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 monitoring, maintenance, and repairs, etc.

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 2025 budget year to reduce the 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 2025.

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. FY2025 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 FY2025 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
A 50% Share with the Water & Sewer Fund for a new vehicle for the Public Information Officer for $20,000.00. No other expenditures planned for this FY 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, backpack sprayers and pumps for use in aquatic weed control.

General Fund Aquatics Division – Capital Outlay

Equipment; Building; Other
The replacement of a Kawasaki mule for $18,000.00 and an outboard motor for $6,000.00 is 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
A roll-off truck for $80,000.00, 35% in FY2025. This is shared with Water & Sewer Fund 65%. No other expenditures planned 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
No capital 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
A blade grinder for $2500.00 in FY 2025. No other expenditures planned for this FY 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:  $ 267,460.00

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. To demonstrate this impact, we have developed five (5) year forecasts for both the operating and capital budgets.

We anticipate finishing FY 2024 with a deficit due in part to the elevated costs with inflation and increased costs due to availability and the purchase of a second Vacuum/Jet Truck, and an additional Vac Truck Operator. The Proposed Budget for FY 2025 reflects a 9.0% Rate Increase.

Assumptions Used in Preparing the Budget

Inflation – The following inflationary rates are utilized; for the regular salaries line item the rate increased to 3.1% for FY 2025 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 8% this year, and liability insurance 10% 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 9.0 % rate increase planned for FY 2025 in this budget based on the current factors. The Rate Stabilization Fund balance has been growing due to interest and may grow throughout FY25. This Fund is currently at $633,841 for FY2025.

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 2025 of
$1,428,443. 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 $1,044,943; the Water Connection Fee Budget is $0; the Wastewater Connection Fee Budget is $0, and the Capital Outlay Budget is $383,500 for FY 2025.
Major capital projects contained in the capital budget for FY 2025 include the continuation of the Lift Station Renewal and Replacement project at $215,833, Emergency Renewal and Replacement Projects at $250,000. The Capital Outlay Budget for the Utility Fund proposes the replacement of vehicles and equipment totaling for $383,500.

AFPI Revenue
$85,000.00 0.75%

Other Operating Revenue
$82,411.00 0.73%

Wholesale Water & Wastewater $778,577.00 6.91%

Billed Water Revenues
$3,817,770.00 33.87%

Billed Irrigation Revenue
$2,115,499.00 18.77%

Billed Wastewater Revenues $4,393,272.00 38.97%

TOTAL REVENUES	$	11,272,529

PERCENT	
  REVENUES		

	TOTALS	

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

$ 3,817,770.00	
$ 4,393,272.00	
$ 2,115,499.00	
$	778,577.00	
$	85,000.00	
 $	82,411.00 	

33.868%	
38.973%	
18.767%	
6.907%	
0.754%	
      0.731%	

TOTAL REVENUE

$	11,272,529

100.00%

W&S PRIOR YEARS FUND BALANCE	$	6,111,581

Rate Stabilization Fund Transfer
0.00%

Board of Supervisors 0.13%

District Manager 0.26%

Property Control 0.42%

Clerk to the Board 0.17%

R & R Transfers 5.69%

Finance 4.01%

Utility Rate Consultant 0.35%

Legal Services 0.43%

Rate Stabilization Fund 0.90%

	 Engineering Services
0.85%

Shop Division

Irrigati 2% ivision

on D

Administration Division 19.93%

3.30%

Underground Utilities Division 14.40%

Wastewater Treatment Plant Division
12.73%

Water Treatment Plant Division 13.65%

TOTAL EXPENDITURES	$	11,972,885

PERSONNEL	
OPERATING	CAPITAL 
OUTLAY 		
TOTALS		

PERCENT	
 EXPENDITURES	

Board of Supervisors	12,918	2,548		$	15,466	0.129%	
District Manager	28,927	1,750		$	30,677	0.256%	
Finance		480,242		$	480,242	4.011%	
Property Control		50,313		$	50,313	0.420%	
Utility Rate Consultant		42,011		$	42,011	0.351%	
Clerk to the Board		20,472		$	20,472	0.171%	
Legal Services		51,152		$	51,152	0.427%	
Engineering Services		101,800		$	101,800	0.850%	
Administration Division	1,599,194	702,517	85,000	$	2,386,711	19.934%	
Water Treatment Plant Division	521,173	1,055,597	57,000	$	1,633,770	13.646%	
Wastewater Treatment Plant Division	531,076	843,117	150,000	$	1,524,193	12.730%	
Underground Utilities Division	1,109,645	564,808	50,000	$	1,724,453	14.403%	
Irrigation Division	75,069	320,113	-	$	395,182	3.301%	
Shop Division	187,625	35,775	46,500	$	269,900	2.254%	
Debt Service Payments				2,565,276	21.426%	
Rate Stabilization Fund Transfer				-	0.000%	
R & R Transfers				                           681,267  		5.690%	

TOTAL EXPENDITURES	$ 4,065,627	$ 4,272,215	$ 388,500	$	11,972,885	100.00%	

Water and Sewer Fund Budget Summary

	FY 2023	
	ACTUAL	

	FY 2024	 	FY 2025	

	FY 2024		
 ORIGINAL BUDGET	

	ESTIMATE	  PROPOSED 

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

	
3,519,531	
4,052,512	
1,912,838	
811,540	
66,367	
     397,570 	

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

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

	
3,817,770	
4,393,272	
2,115,499	
778,577	
85,000	
     82,411 	

TOTAL OPERATING REVENUES	10,760,358	10,355,593	10,355,593	11,272,529

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

-	-	-	-

TOTAL NON-OPERATING REVENUES		-		-		-		- FUND BALANCE, October 1	6,412,106	7,511,062	7,511,062	6,111,581
TOTAL REVENUES AND FUNDS AVAILABLE	17,172,464	17,866,655	17,866,655	17,384,110

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	

17,149	
25,331	
296,955	
14,826	
4,125	
17,154	
28,275	
101,818	
1,518,491	
1,392,091	
1,020,431	
1,490,453	
277,943	
192,927	
2,582,146	
-	
-	
     681,287 	

14,411	
27,680	
455,503	
36,800	
20,748	
19,856	
49,878	
98,739	
1,974,866	
1,523,202	
1,144,991	
1,570,431	
371,141	
220,683	
2,574,555	
-	
-	
       681,267 	

15,411	
36,680	
455,503	
48,800	
40,748	
19,856	
49,878	
98,739	
1,988,864	
1,552,202	
1,288,989	
2,309,258	
371,141	
223,183	
2,574,555	
-	
-	
     681,267 	

15,466	
30,677	
480,242	
50,313	
42,011	
20,472	
51,152	
101,800	
2,386,711	
1,633,770	
1,524,193	
1,724,453	
395,182	
269,900	
2,565,276	
-	
-	
    681,267 	

TOTAL EXPENDITURES	9,661,402	10,784,751	11,755,074	11,972,885

FUND BALANCE, SEPTEMBER 30		7,511,062  	7,081,904  	6,111,581  	5,411,225 

Final Amended Budget	
FY 2024	

	
Actual	
	FY 2023	

Water & Sewer Fund Balance (Beginning)	
6,412,106	
Rate Stabilization Fund Balance (Beginning)	585,463	
Rate Stabilization Fund Interest OPERATING REVENUE	18,378	

Grants	
4,009	
Billed Water Revenue Consumption	3,519,531	
Billed Wastewater Revenue Consumption	4,052,512	
Billed Irrigation Revenue Consumption	1,912,838	
Late Fees	71,344	
Miscellaneous Fees	70,990	
Wholesale Water Revenue	467,849	
Meter Set Fees	4,200	
Wholesale Wastewater Revenue	343,691	
Interest (Operating)	211,078	
Rate Stabilization Fund	-	
Backflow Prevention Program	19,690	
Tanker Truck Water Service	16,259	
Water Impact (AFPI)	33,327	
Wastewater Impact (AFPI)	33,040	
Total Revenues	$	10,760,358	

Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2024		FY 2024		FY 2024	

7,511,062		
7,511,062		
7,511,062	
				603,841	
				-	

-		

-		

-	
2,448,486		3,264,648		3,502,541	
2,827,633		3,770,177		4,030,525	
1,325,169		1,766,892		1,940,825	
61,735		61,735		38,000	
23,507		23,507		5,000	
283,586		378,115		365,535	
400		400		4,040	
252,547		336,729		348,756	
302,713		403,617		5,571	
-		-		-	
23,190		23,190		25,000	
17,216		17,216		4,800	
159,213		159,213		45,000	
140,637		140,637			40,000 	
$	7,866,032		$ 10,346,076		 $	10,355,593 	

8,392		

8,392		

12,000	
642		856		918	
1,765		2,353			1,493 	
10,799		11,601			14,411 	

Budget	
FY 2025	

6,111,581	
633,841	
5,000	

-	
3,817,770	
4,393,272	
2,115,499	
38,000	
5,000	
398,433	
4,040	
380,144	
5,571	
-	
25,000	
4,800	
45,000	
40,000	
 $	11,272,529 	
	
12,000	
918	
2,548	
	15,466 	

7,511,062	
603,841	
30,000	

5-04003	
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	

-	
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 	

12,000	
918	
      2,493 	
      15,411 	

OPERATING EXPENSES		
 Board of Supervisors		
Executive Salaries	12,207.10	
FICA	933.84	
Board Meeting Expenses	4,007.86	
TOTAL BOARD OF SUPERVISORS	17,149	
District Manager		
Management Contract	24,420.00	
Travel & Per Diem	910.92	
TOTAL DISTRICT MANAGER	25,331	

5-06002	
5-06003	

-	-	25,983	34,983	28,927	
623	831		1,697 		1,697 	1,750	
623	831		27,680 		36,680 		30,677 	

5-05001	
5-05002	
5-05004	

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

Finance		
Dissemination Agent	-	
Arbitrage	-	
Accounting Services	46,562.40	
Auditing	14,985.00	
Banking Services	16,190.96	
Property & Casualty Insurance	219,008.83	

-	-	4,626	4,626	4,769	
-	-	2,400	2,400	2,400	
37,191	49,588	52,140	52,140	53,287	
365	487	18,785	18,785	19,367	
21,303	28,404	24,750	24,750	25,517	
327,741	327,741	329,102	329,102	349,102	

2,368	
16,096	
31,849	
	50,313 	

13,331	
2,020	
2,903	
2,218	
	20,472 	

Bad Debt	207.94	
TOTAL FINANCE	296,955	
Property Control		
Building & Land Rental	2,076.00	
Computer Software/Licensing	8,379.90	
Computer Hardware/Supplies	4,370.57	
TOTAL PROPERTY CONTROL	14,826	

5-09001	
5-09003	
5-09004	

Utility Rate Consultant		
Other Contractual Services	4,125.00	
TOTAL RATE CONSULTANT	4,125	

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

Clerk to the Board		
Other Contractual Services	11,640.60	
Postage & Freight	1,579.66	
Printing & Binding	1,924.92	
Legal Ads	2,008.65	
TOTAL CLERK TO THE BOARD	17,154	

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

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

5-19001	
5-23001	

Legal Services		
General Counsel	20,430.63	
Special Counsel	7,844.75	
TOTAL LEGAL COUNSEL	28,275	

Engineering Services		
Engineering Services	101,818.04	
TOTAL ENGINEERING	101,818	

Actual		
Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2023		FY 2024		FY 2024		FY 2024	

 
Final Amended Budget	
FY 2024	

 

Budget	
FY 2025	

5-07009	212	283		23,700		23,700	25,800	
	386,812	406,503		455,503		
455,503		480,242 	
								
	2,172	2,896		2,297		2,297		
	23,249	30,999		15,612		15,612		
	15,532	20,709		18,891		30,891		
	40,953	54,604		36,800		48,800		
								
5-11001	22,892	30,523		20,748		40,748	42,011	
	22,892	30,523		20,748		40,748		42,011 	
								
	9,297	12,396						
	1,005	1,340						
	1,129	1,505						
	616	821						
	12,047	16,062						
								
	19,285	25,713		41,111		41,111	42,385	
	2,450	3,267		8,767		8,767	8,767	
	21,735	28,980		49,878		
49,878		51,152 	
								
5-26002	-	-		98,739		98,739	101,800	
	-	-		98,739		
98,739		101,800 	

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

ADMINISTRATION DIVISION		
Personnel		
Regular Salaries	430,682.65	
Overtime	6,002.86	
FICA	42,907.49	
Retirement Contributions	45,179.31	
Health/Life/Dental Insurance	514,964.51	
Workers Comp	29,180.16	
Unemployment Compensation	-	
Uniforms	4,321.40	
Training & Education Costs	9,110.96	
Vehicle Allowance	4,200.00	
Annual PTO	5,558.68	
Cell Stipend	1,560.00	

370,740	494,320	471,035	
6,840	9,120	7,603	
28,919	38,559	40,535	
35,308	47,077	45,416	
430,677	574,236	717,488	
28,857	38,476	45,001	
85	113	2,605	
930	1,240	4,326	
9,926	13,235	7,954	
4,800	6,400	12,079	
8,655	11,540	10,703	
1,050	1,400	1,695	

486,035	611,102	
7,603	7,839	
41,683	51,492	
46,766	58,308	
717,488	774,887	
45,001	47,251	
2,605	2,686	
4,326	4,460	
15,454	15,933	
12,079	12,453	
10,703	11,035	
1,695	1,748	

	1,599,194 

78,783	105,044	76,820	96,820	99,821	
68	91	2,267	2,267	2,337	
15,857	21,143	37,106	37,106	38,256	
8,519	11,359	7,502	11,502	11,859	

Actual		
Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2023		FY 2024		FY 2024		FY 2024	

 
Final Amended Budget	
FY 2024	

 

Budget	
FY 2025	

Total Administration Personnel:		1,093,668 	
ADMIN Operating		
Other Contractual Services	209,330.38	
Website Maintenance	3,874.50	
Operating Supplies	10,567.99	
Storm Water Fees	42,614.79	
Telephone & Cell Service	10,306.26	
Postage & Freight	23,227.30	
Equipment Leasing	2,584.19	
Administrative Maintenance	1,669.56	
Contingencies - Hurricane	-	
Office Supplies	3,586.72	
Fuel & Lubricants - Vehicle	75,675.06	
Fuel & Lubricants - Equipment	19,933.10	
Minor Construction Expenses	139.92	
Project Maintenance Fees	11,685.00	
Contingency (1.5%)	-	
Electricity Services	8,683.79	

926,787	1,235,716	1,366,440	1,391,438	

5-29001	
5-29002	
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	

235,347
5,412
14,066
45,000
14,059
35,006
3,180
2,877
- 5,096
71,708
18,237
1,772
11,685
105,495
6,486

423,879

276,393

365,757

575,426

575,426

- 943.62
-
944

- 21,808
-
21,808

- 21,808
-
21,808

- 33,000
-
33,000

- 22,000
-
22,000

242,643
5,580
19,502
45,000
14,495
36,091
3,279
2,966
- 6,147
86,050
21,884
1,827
90,000
119,918
7,135

	702,517 

157,826	210,435	235,347	
2,555	3,407	5,412	
3,706	4,941	14,066	
9,250	12,333	45,000	
2,511	3,348	14,059	
23,374	31,165	35,006	
2,075	-	3,180	
1,339	1,785	2,877	
-	-	-	
2,196	2,928	5,096	
49,288	65,717	71,708	
8,268	11,024	18,237	
-	-	1,772	
-	-	11,685	
8,873	11,831	105,495	
5,132	6,843	6,486	

65,000	
20,000	
	- 	
	85,000 	

Total Administration Operating: Capital Outlay Administration

5-29101	
5-29102	
5-29103	

Equipment Building Other

	TOTAL ADMINISTRATION		1,518,491 	
WATER TREATMENT PLANT DIVISION	
Personnel		
Regular Salaries	337,908.27	
Overtime	63,798.23	
FICA	29,820.54	
Retirement Contributions	35,290.10	
Uniforms	2,858.82	
Training & Education Costs	2,187.94	
Annual PTO	-	
Cell Stipend		975.00 	
Total WTP Personnel:		472,839 	
WTP Operating		
Other Contractual Services	65,074.40	
Operations & Maintenance Services	-	
Laboratory Services	43,530.11	
Operating Supplies	2,593.15	

1,224,988	1,623,281			1,974,866 			1,988,864 		2,386,711 	

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

5-30001	
5-30002	
5-30003	
5-30004	

251,758	335,677	353,003	353,003	363,946	
40,271	53,695	67,825	67,825	69,928	
22,325	29,767	32,619	32,619	33,630	
26,951	35,935	37,875	37,875	39,049	
1,172	1,563	3,397	3,397	3,502	
1,596	2,128	5,226	5,226	5,388	
-	-	4,046	4,046	4,171	
600	800	1,512	1,512	1,559	
344,673	459,565	505,503	505,503		521,173 	

Total Administration Capital Outlay:

Actual		
Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2023		FY 2024		FY 2024		FY 2024	

 
Final Amended Budget	
FY 2024	

 

Budget	
FY 2025	

300,308
96,084
469,932
12,000
25,000

 

252,475
40,045
23,386
26,632
1,965
2,537
2,542
515
350,097

336,633
53,393
31,181
35,509
2,620
3,383
3,389
687
466,795

363,003
54,501
32,349
37,575
2,776
5,548
4,203
1,154
501,109

36,005
3,680
26,147
14,034
106,182
122,604
47,291
114,617
470,560

48,007
4,907
34,863
18,712
141,576
163,472
63,055
152,823
627,415

43,235
9,904
34,718
18,237
117,303
220,964
71,965
127,556
643,882

375,003
54,501
33,267
38,655
2,776
5,548
4,203
1,154
515,107
- 58,235
9,904
44,718
18,237
157,303
220,964
96,965
167,556
773,882

-
-
-
-
820,657

-
-
-
-
1,094,210

-
-
-
-
1,144,991

5-30005	
5-30007	
5-30009	
5-30010	
5-30011	

5-30101	
5-30102	
5-30103	

Electricity Services	241,970.79	157,550	210,067	273,007	273,007	
Plant Maintenance	60,277.84	27,414	36,552	93,195	93,195	
Chemicals	478,241.67	301,008	401,344	455,802	455,802	
Water Conservation Grant Program	6,284.72	4,262	-	12,000	12,000	
Backflow Prevention Program		20,185.00 	23,355	-	25,000	25,000	
Total WTP Operating:		918,158 	616,816	785,600	982,699	1,006,699	
Capital Outlay WTP		
Equipment	-	-	-		-	
Building	1,094.25	896	896	35,000	40,000	
Other	-		-	-	-	
Total WTP Capital Outlay:

TOTAL WATER TREATMENT PLANT DIVISION	1,094

1,392,091	896

962,385	896

1,246,061	35,000

1,523,202	40,000

1,552,202	

1,055,597
	
45,000	
12,000	
-	
57,000

1,633,770	

-

WASTEWATER TREATMENT PLANT DIVISION		
Personnel		
Regular Salaries	327,342.61	
Overtime	43,258.90	
FICA	28,117.33	
Retirement Contributions	31,287.67	
Uniforms	3,471.99	
Training & Education Costs	5,098.08	
Annual PTO	1,077.35	
Cell Stipend			810.00 	
Total WWTP Personnel: 		440,464 	
WWTP Operating		
Other Contractual Services	39,354.26	
Operations & Maintenance Services	8,916.09	
Laboratory Services	36,848.76	
Operating Supplies	14,743.96	
Sludge Disposal	122,917.59	
Electricity Services	192,419.47	
Plant Maintenance	55,296.66	
Chemicals			109,470.09 	
Total WWTP Operating: 		579,967 	
Capital Outlay WWTP		
Equipment	-	
Building	-	
Other	-	
Total WWTP Capital Outlay:	-	
TOTAL WASTEWATER TREATMENT PLANT DIVI	1,020,431	

-

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	

386,628
56,191
34,298
39,854
2,862
5,720
4,333
1,190
531,076

60,040
10,211
46,104
18,802
192,179
243,060
99,971

-	
-	
-	
-	
1,288,989	

172,750
843,117
	
150,000	
-	
-	
150,000	
	
1,524,193	

	1,109,645 

	564,808 

	75,069 

34,554
41,095
274
7,892

56,662
5,026
4,815
5,552
689
1,072
946
307

222,650
135,464
85,204
57,355
36,357
27,778

784,835
143,728
71,722
83,571
7,339
9,468
6,237
2,745

UNDERGROUND UTILITIES DIVISION		

459,204
101,505
43,289
39,992
3,881
4,885
- 1,420
654,176

188,712
123,842
64,101
33,707
26,287
23,073
459,722

593,827
16,740
-
-
610,567
1,724,465

38,112
1,433
2,831
3,573
300
1
- 160
46,410

13,706
17,594
- 978	

612,272	652,642	683,642
135,340	110,008	120,008
57,719	59,009	62,146
53,323	68,639	72,329
-	7,118	7,118
6,513	9,468	9,468
-	6,049	6,049
1,893	2,662	2,662
867,060	915,595	963,422

251,616	205,955	215,955
165,123	129,391	131,391
85,468	92,642	82,642
44,943	62,141	52,141
35,049	35,264	35,264
30,764		26,943 		26,943 
612,963		552,336 		544,336 

593,827	95,000	780,000
16,740	5,000	19,000
-	2,500	2,500
-	-	-
610,567	102,500	801,500
2,090,590		1,570,431 		2,309,258 

50,816	54,958	54,958
1,911	4,875	4,875
3,775	4,670	4,670
4,764	5,385	5,385
400	668	668
1	1,040	1,040
-	918	918
213	298	298
61,880	72,812	72,812

18,275	33,515	33,515
23,459	39,859	39,859
-	266	266
1,304	7,655	7,655	
Personnel				
Regular Salaries	624,098.22			
Overtime	123,400.68			
FICA	54,734.66			
Retirement Contributions	43,525.61			
Uniforms	7,651.72			
Training & Education Costs	7,823.17			
Annual PTO	-			
Cell Stipend		2,100.00 			
Total UGU Personnel:		863,334 			
UGU Operating				
Other Contractual Services	187,911.38			
Operations & Maintenance Services	111,821.03			
Operating Supplies	98,720.01			
Electricity Services	51,706.93			
Vehicle Maintenance	29,392.80			
Lift Station Maintenance		25,382.97 			
Total UGU Operating:		504,935 			
Capital Outlay UGU				
Equipment	111,227.16			
Building	10,956.75			
New Meters	-			
Other	-			
Total UGU Capital Outlay:	122,184			
				
TOTAL UNDERGROUND UTILITIES DIVISION	1,490,453			
IRRIGATION DIVISION				
Personnel				
Regular Salaries	51,178.53			
Overtime	4,377.74			
FICA	3,979.27			
Retirement Contributions	5,023.46			
Uniforms	602.84			
Training & Education Costs	1,071.44			
Annual PTO	-			
Cell Stipend		260.00 			
Total IRR Personnel:		66,493 			
IRR Operating				
Other Contractual Services	18,733.52			
Operations & Maintenance Services	32,770.66			
Laboratory Services	333.06			
Operating Supplies	1,371.40			

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	

45,000	
5,000	
-	
-	
	50,000 	
	1,724,453 	

Actual		
Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2023		FY 2024		FY 2024		FY 2024	

 
Final Amended Budget	
FY 2024	

 

Budget	
FY 2025	

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

5-33001	
5-33002	
5-33003	
5-33004	

NON-OPER
Other Inco Transfer fro 5-34001

Actual		
Actual YTD		
Estimate EOY		
Orig. Budget	
FY 2023		FY 2024		FY 2024		FY 2024	

 
Final Amended Budget	
FY 2024	

 

Budget	
FY 2025	

203,830
31,920
548

  

5-33005	
5-33008	
5-33010	

5-33101	
5-33102	
5-33103	

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	

Electricity Services	148,665.34	92,075
16,130
-
140,483

-
-
-
- 186,893

98,324
7,541
8,219
9,737
460
113
1,248
120
125,762

3,931
378
4,809
5,405
14,523

3,819
2,478
-
6,297	122,767	185,300	185,300
21,507	31,202	31,202
-	532	532
187,312	298,329	298,329

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

249,192	371,141	371,141

131,099	141,007	141,007
10,055	7,733	7,733
10,959	11,556	11,556
12,983	13,387	13,387
613	1,392	1,392
151	4,595	4,595
1,664	1,846	1,846
160	468	468
167,684	181,984	181,984

5,241	15,095	15,095
504	1,951	1,951
6,412	6,375	6,375
7,207	11,278	11,278
19,364	34,699	34,699

3,819	4,000	4,000
2,478	-	2,500
-	-
6,297	4,000	6,500	
Maintenance - Irrigation	9,576.29			
Chemicals	-			
Total IRR Operating:	211,450			
Capital Outlay IRR				
Equipment	-			
Building	-			
Other	-			
Total IRR Capital Outlay:	-			
				
 TOTAL IRRIGATION DIVISION		277,943 			

SHOP & MAINTENANCE OPERATIONS DIVISION				
Personnel				
Regular Salaries	132,731.15			
Overtime	8,204.89			
FICA	10,454.93			
Retirement Contributions	12,603.39			
Uniforms	1,200.30			
Training, Cont. Educ., and Licensing	1,039.68			
Annual PTO	-			
Cell Stipend	195.00			
Total Shop & Maintenance Personnel:	166,429			
Shop & Maintenance Operating				
Operations & Maintenance Svc	11,644.42			
Disposal Fees	1,118.44			
Operating Supplies	3,536.71			
Machinery & Equipment	5,372.61			
Total Shop & Maintenance Operating:	21,672			
Capital Outlay Shop & Maintenance				
Equipment	4,825.75			
Building	-			
Other	-			
Total Shop & Maintenance Capital Outlay:	4,826			

OP & MAINTENANCE OPERATIONS DIVISION	192,927	146,582	193,345	220,683	223,183
Total Operating Expenses	6,397,969	5,561,831	7,045,783	7,528,929	8,499,252 ATING INCOME AND EXPENSES
me
m Water Connection Fees to Pay Debt	-	-		-	-	-	
TOTAL NON-OPERATING INCOME	-	-		-	-	- 	

145,378	
7,973	
11,914	
13,802	
1,435	
4,737	
1,903	
483	
187,625	

	

	

	

	

15,563	
2,011	
6,573	
11,628	
35,775	

16,500	
30,000	
46,500

269,900

8,726,342	

320,113
	
-	
-	
-	
-

395,182	

TOTAL SH

	

	

	
-	
-	

Actual FY 2023

Actual YTD FY 2024

Estimate EOY FY 2024

Orig. Budget FY 2024

Final Amended Budget
FY 2024

Budget FY 2025

DEBT SERVICE EXPENSES
5-27011	Cost of Issuance	-
5-27013	Principal 2014 Bond Issue	200,000
5-27012	Interest 2014 Bond Issue	343,695.00
5-27008	Principal 2011 Bond Issue	1,235,000.00
5-27007	Interest 2011 Bond issue	431,116.00
5-27010	Principal 2013 Bond Issue	280,000.00
5-27009	Interest 2013 Bond issue	92,335.00

-
210,000	210,000
337,095	337,095
1,270,000	1,270,000
388,385	388,385
285,000	285,000
84,075	84,075

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

-
- 168,547
- 194,407
- 3,462
366,416

- 168,547
- 194,407
- 3,462
366,416

	- 		- 
	- 		- 

- 510,950
-
-

- 510,950
-
-

TOTAL DEBT SERVICE:	2,582,146	2,574,555	2,574,555	2,565,276

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%)	481,287 Additional R&R Transfer for CIP's	200,000
Cash Carry Forward for R&R CIP	-

-

481,267
200,000
-

481,267	481,267
200,000	200,000
-	-

TOTAL CI & TRANSFERS EXPENSES:	681,287		510,950	510,950 	681,267	681,267	681,267

Total Expenses

$	9,661,402

$	6,439,197

$  7,923,149	$

10,784,751

$	11,755,074

$	11,972,885

Total Revenues

$	10,355,593

$	11,272,529

$	10,760,358	$	7,866,032	$ 10,346,076	$	10,355,593	

Surplus/(Deficit) Before Transfer from

(700,356)

(to) Operating Reserve	1,098,956	1,426,835	2,422,927	(429,158)	(1,399,481)

Available Operating Cash Balance (Ending)	 $	7,511,062	$	8,937,897 	 $  9,933,989	$	7,081,904	$	6,111,581 		$	5,411,225	

*Coverage Provided (Required > 1.10)	
1.71	
1.13	
1.03	
1.11	
**Coverage w/R&R deducted (Required > 1.0	1.46	0.98	0.89	0.96	

Index Rate Increase (included in revenues)	0.00%		0.00%		0.00%	0.00%		0.00%		9.00%	
Total Effective Rate Increase	0.00%	0.00%	0.00%	0.00%		0.00%		9.00%	

Water & Sewer Fund Balance (Beginning)	
Rate Stabilization Fund Balance (Beginning)	
Rate Stabilization Fund Interest	
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		

OPERATING EXPENSES	
 Board of Supervisors	
Executive Salaries	
FICA	
 Board Meeting Expenses		
	TOTAL BOARD OF SUPERVISORS		
District Manager	
Management Contract	
 Travel & Per Diem		
	TOTAL DISTRICT MANAGER		

5-05001	
5-05002	
5-05004	

5-06002	
5-06003	

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

5,411,225		
5,608,061		
5,629,273		
5,563,969	
638,841		643,841		648,841		653,841	
5,000		5,000		5,000		5,000	

-		
-		
-		
-	
4,161,369	9.0%	4,215,467	1.3%	4,270,268	1.3%	4,325,781	
4,788,666		4,850,919		4,913,981		4,977,863	
2,305,894		2,335,871		2,366,237		2,396,998	
38,000		38,000		38,000		38,000	
5,000		5,000		5,000		5,000	
434,292		439,938		445,657		451,451	
4,040		4,040		4,040		4,040	
414,357		419,744		425,201		430,729	
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 	
 $	12,189,473 		 $	12,346,834 		 $	12,506,239 	 $ 12,667,717 	

12,000		
12,000		
12,000		
12,000	
918		918		918		918	
2,604		2,661		2,720		2,780	
15,522		15,579		15,638		15,698	

29,650	30,302	30,969	31,650	
      1,794 		1,833 		1,873 			1,914 	
      31,444 		32,135 		32,842 			33,564 	

5-04003	
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	

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

Finance	
Dissemination Agent	
Arbitrage	
Accounting Services	
Auditing	
Banking Services	
Property & Casualty Insurance	

4,888	4,996	5,106	5,218	
2,400	2,400	2,400	2,400	
54,459	55,657	56,881	58,132	
19,851	20,288	20,734	21,190	
26,155	26,730	27,318	27,919	
402,557	386,685	406,019	462,320	

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

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

29,200		29,600		30,000		30,400	
539,510		526,356		548,458		607,579	

5-07009

5-09001	
5-09003	
5-09004	

2,427	2,480	2,535	2,591	
16,498	16,861	17,232	17,611	
32,645	33,363	34,097	34,847	
51,570	52,704	53,864	55,049	

Utility Rate Consultant	
Other Contractual Services	
TOTAL RATE CONSULTANT	

43,061	44,008	44,976	45,965	
43,061	44,008	44,976	45,965	

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	

13,664	
2,071	
2,976	
2,273	
20,984	

13,965	
2,117	
3,041	
2,323	
21,446	

14,272	
2,164	
3,108	
2,374	
21,918	

14,586	
2,212	
3,176	
2,426	
22,400	

5-19001	
5-23001	

Legal Services	
General Counsel	
Special Counsel	
TOTAL LEGAL COUNSEL	

43,445		44,401		45,378		46,376	
8,767		8,767		8,767		8,767	
52,212		53,168		54,145		55,143	

Engineering Services	
Engineering Services	
TOTAL ENGINEERING	

104,345		106,641		108,987		111,385	
104,345		106,641		108,987		111,385	

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	

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	

626,380	
8,035	
52,780	
59,766	
829,129	
49,614	
2,753	
4,572	
16,331	
12,764	
11,311	
1,792	

640,160	
8,212	
53,941	
61,081	
887,168	
52,095	
2,814	
4,673	
16,690	
13,045	
11,560	
1,831	

654,244	
8,393	
55,128	
62,425	
949,270	
54,700	
2,876	
4,776	
17,057	
13,332	
11,814	
1,871	

668,637	
8,578	
56,340	
63,798	
1,015,719	
57,435	
2,939	
4,881	
17,432	
13,625	
12,074	
1,912	

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

5-29001	
5-29002	
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	

Total Administration Personnel:	
ADMIN Operating	
Other Contractual Services	
Website Maintenance	
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	

1,675,227	1,753,270	1,835,886	1,923,370	

248,709	
254,181	
259,773	
265,488	
5,720	5,846	5,975	6,106	
19,990	20,430	20,879	21,338	
45,000	45,000	45,000	45,000	
14,857	15,184	15,518	15,859	
36,993	37,807	38,639	39,489	
3,361	3,435	3,511	3,588	
3,040	3,107	3,175	3,245	
-	-	-	-	
6,208	6,270	6,333	6,396	
92,074	98,519	105,415	112,794	
23,416	25,055	26,809	28,686	
1,873	1,914	1,956	1,999	
92,250	94,280	96,354	98,474	
124,434	127,862	131,920	136,686	
7,492	7,867	8,260	8,673	

Total Administration Operating:	
Capital Outlay Administration	
Equipment	
Building	
Other	
Total Administration Capital Outlay:	

	TOTAL ADMINISTRATION		
WATER TREATMENT PLANT DIVISION	
Personnel	
Regular Salaries	
Overtime	
FICA	
Retirement Contributions	
Uniforms	
Training & Education Costs	
Annual PTO	
Cell Stipend	
Total WTP Personnel:	
WTP Operating	
Other Contractual Services	
Operations & Maintenance Services	
Laboratory Services	
Operating Supplies	

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

5-30001	
5-30002	
5-30003	
5-30004	

	2,400,644 			2,545,027 			2,605,403 			2,717,191 	

373,045	381,252	389,640	398,212	
71,676	73,253	74,865	76,512	
34,470	35,229	36,004	36,796	
40,025	40,905	41,805	42,725	
3,590	3,669	3,750	3,833	
5,523	5,645	5,769	5,896	
4,275	4,369	4,465	4,563	
1,598	1,633	1,669	1,706	
534,202	545,955	557,967	570,243	

102,317	
2,395	
39,212	
12,155	

104,568	
2,448	
40,075	
12,422	

106,868	
2,502	
40,957	
12,695	

109,219	
2,557	
41,858	
12,974	

725,417	746,757	769,517	793,821

5-29101	
5-29102	
5-29103	

	

45,000	-	
-	-	-	-	
-	-	-	-	
-	45,000	-	-	

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

5-30005	
5-30007	
5-30009	
5-30010	
5-30011	

5-30101	
5-30102	
5-30103	

Electricity Services	
Plant Maintenance	
Chemicals	
Water Conservation Grant Program	
Backflow Prevention Program	
Total WTP Operating:	
Capital Outlay WTP	
Equipment	
Building	
Other	
Total WTP Capital Outlay:	

315,323	
98,486	
481,680	
12,000	
      25,000 	
    1,088,568 	

331,089	
100,653	
492,277	
12,000	
      25,000 	
    1,120,532 	

347,643	
102,867	
503,107	
12,000	
      25,000 	
    1,153,639 	

365,025	
105,130	
514,175	
12,000	
     25,000 	
   1,187,938 	

-	-	45,000	-	
-	-	-	-	
-	-	-	-	
-	-	45,000	-	

1,622,770	1,666,487	1,756,606	1,758,181	

 TOTAL WATER TREATMENT PLANT DIVISION

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	

	

WASTEWATER TREATMENT PLANT DIVISION	

-	

-	

-	

-	
Personnel	
Regular Salaries	396,294	405,012	413,922	423,028	
Overtime	57,596	58,863	60,158	61,481	
FICA	35,156	35,929	36,719	37,527	
Retirement Contributions	40,850	41,749	42,667	43,606	
Uniforms	2,934	2,999	3,065	3,132	
Training & Education Costs	5,863	5,992	6,124	6,259	
Annual PTO	4,441	4,539	4,639	4,741	
Cell Stipend	1,220	1,247	1,274	1,302	
Total WWTP Personnel:	544,354	556,330	568,568	581,076	
WWTP Operating	
Other Contractual Services	61,541	62,895	64,279	65,693	
Operations & Maintenance Services	10,466	10,696	10,931	11,171	
Laboratory Services	47,257	48,297	49,360	50,446	
Operating Supplies	19,272	19,696	20,129	20,572	
Sludge Disposal	196,983	201,317	205,746	210,272	
Electricity Services	255,213	267,974	281,373	295,442	
Plant Maintenance	102,470	104,724	107,028	109,383	
Chemicals		177,069 		180,965 		184,946 		189,015 	
Total WWTP Operating:		870,271 		896,564 		923,792 		951,994 	
Capital Outlay WWTP	
Equipment		-	-	-	
Building	-	-	-	-	
Other	-	-	-	-	
Total WWTP Capital Outlay:	-	-	-	-	
	
TOTAL WASTEWATER TREATMENT PLANT DIVI	1,414,625	1,452,894	1,492,360	1,533,070	

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

UNDERGROUND UTILITIES DIVISION	
Personnel	
Regular Salaries	
Overtime	
FICA	
Retirement Contributions	
Uniforms	
Training & Education Costs	
Annual PTO	
Cell Stipend	
Total UGU Personnel:	
UGU Operating	
Other Contractual Services	
Operations & Maintenance Services	
Operating Supplies	
Electricity Services	
Vehicle Maintenance	
Lift Station Maintenance	
Total UGU Operating:	
Capital Outlay UGU	
Equipment	
Building	
New Meters	
Other	
Total UGU Capital Outlay:	
 TOTAL UNDERGROUND UTILITIES DIVISION 	
IRRIGATION DIVISION	
Personnel	
Regular Salaries	
Overtime	
FICA	
Retirement Contributions	
Uniforms	
Training & Education Costs	
Annual PTO	
Cell Stipend	
Total IRR Personnel:	
IRR Operating	
Other Contractual Services	
Operations & Maintenance Services	
Laboratory Services	
Operating Supplies	

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	

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

5-33001	
5-33002	
5-33003	
5-33004	

804,456	822,154	840,241	858,726	
147,321	150,562	153,874	157,259	
73,515	75,133	76,785	78,475	
85,660	87,544	89,470	91,439	
7,522	7,687	7,856	8,029	
12,676	15,955	16,306	16,665	
6,393	6,534	6,678	6,825	
2,814	2,876	2,939	3,004	
1,140,357	1,168,445	1,194,149	1,220,422	

228,216	
138,851	
87,334	
60,223	
37,266	
      28,472 	
     580,362 	

233,237	
141,906	
89,255	
63,234	
38,086	
      29,098 	
     594,816 	

238,368	
145,028	
91,219	
66,396	
38,924	
      29,738 	
     609,673 	

243,612	
148,219	
93,226	
69,716	
39,780	
     30,392 	
    624,945 	

55,000	45,000	45,000	45,000	
-	-	-	-	
-	-	-	-	
-	-	-	-	
55,000	45,000	45,000	45,000	
	
1,775,719	1,808,261	1,848,822	1,890,367	

58,079	59,357	60,663	61,998	
5,152	5,265	5,381	5,499	
4,935	5,044	5,155	5,268	
5,691	5,816	5,944	6,075	
706	722	738	754	
1,099	1,123	1,148	1,173	
970	991	1,013	1,035	
315	322	329	336	
76,947	78,640	80,371	82,138	

35,418	
42,122	
281	
8,089	

36,197	
43,049	
287	
8,267	

36,993	
43,996	
293	
8,449	

37,807	
44,964	
299	
8,635	

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

214,022	
32,654	
562	
333,148	

224,723	
33,405	
574	
346,502	

235,959	
34,173	
587	
360,450	

247,757	
34,959	
600	
375,021	

-	60,000	-	-	
-	-	-	-	
-	-	-	-	
-	60,000	-	-	
	
410,095	485,142	440,821	457,159	

149,012	
8,172	
12,212	
14,147	
1,471	
4,855	
1,951	
495	
192,315	

152,290	
8,352	
12,480	
14,458	
1,503	
4,962	
1,994	
506	
196,545	

155,640	
8,536	
12,755	
14,776	
1,536	
5,071	
2,038	
517	
200,869	

159,064	
8,724	
13,036	
15,101	
1,570	
5,183	
2,083	
528	
205,289	

15,952	
2,061	
6,737	
11,919	
36,669	

16,303	
2,106	
6,885	
12,181	
37,475	

16,662	
2,152	
7,036	
12,449	
38,299	

17,029	
2,199	
7,191	
12,723	
39,142	

5-33005	
5-33008	
5-33010	

5-33101	
5-33102	
5-33103	

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	

Electricity Services	
Maintenance - Irrigation	
Chemicals	
Total IRR Operating:	
Capital Outlay IRR	
Equipment	
Building	
Other	
Total IRR Capital Outlay:	
 TOTAL IRRIGATION DIVISION		
SHOP & MAINTENANCE OPERATIONS DIVISI 	
Personnel	
Regular Salaries	
Overtime	
FICA	
Retirement Contributions	
Uniforms	
Training, Cont. Educ., and Licensing	
Annual PTO	
Cell Stipend	
Total Shop & Maintenance Personnel:	
Shop & Maintenance Operating	
Operations & Maintenance Svc	
Disposal Fees	
Operating Supplies	
Machinery & Equipment	
Total Shop & Maintenance Operating:	
Capital Outlay Shop & Maintenance	
Equipment	
Building	
Other	
Total Shop & Maintenance Capital Outlay:	

10,500	72,000	100,000

10,500	72,000	100,000	-

TOTAL SH OP & MAINTENANCE OPERATIONS DIVISION

Total Operating Expenses

239,484	306,020	339,168	244,431

8,721,985	9,115,868	9,364,008	9,547,182

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

	
-	
-	

	
-	
-	

	
-	
-	

	
-	
-	

Forecast	
FY 2026	FY 2027	FY 2028	FY 2029	

DEBT SERVICE EXPENSES

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

Cost of Issuance

220,000	
323,070	
1,345,000	
299,290	
300,000	
66,965	
2,554,325	

Principal 2014 Bond Issue Interest 2014 Bond Issue Principal 2011 Bond Issue Interest 2011 Bond issue Principal 2013 Bond Issue Interest 2013 Bond issue
TOTAL DEBT SERVICE:

RATE STABILIZATION

-	
-	

Transfer Out to Rate Stabilization Fund
TOTAL RATE STABILIZATION SERVICE:

CAPITAL IMPROVEMENT & TRANSFERS

516,327	
200,000	
-	
716,327	
	
$	11,992,637	
	
$	12,189,473	

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

230,000	
315,810	
1,380,000	
253,033	
310,000	
58,115	
2,546,958	

	
240,000	
308,220	
1,420,000	
205,232	
315,000	
48,970	
2,537,422	

	
250,000	
300,300	
1,460,000	
156,046	
325,000	
39,667	
2,531,013	

-	
-	

	
-	
-	

	
-	
-	

562,796	
100,000	
-	
662,796	
	
$	12,325,622	
	
$	12,346,834	

	
570,113	
100,000	
-	
670,113	
	
$	12,571,543	
	
$	12,506,239	

	
577,524	
100,000	
-	
677,524	
	
$ 12,755,719	
	
$ 12,667,717	

21,212	
$	5,629,273	

(65,304)	(88,002)

	

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

196,836	
$	5,608,061	

$	5,563,969	$	5,475,967

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

1.38	
1.15	

1.35	
1.11	

1.31	
1.07	

1.25	
1.02	

Index Rate Increase (included in revenues)	9.00%		1.30%		1.30%		1.30%	
Total Effective Rate Increase	9.00%		1.30%		1.30%		1.30%	

REVENUE SOURCES
St Lucie West Services District receives approximately 81.23% of their operating Revenues from the sale of water and wastewater service. Another 18.77% of the operating revenue is received from irrigation services. The FY 2025 Budget assumes a 9.0 % rate increase to all utility rates.

Water & Sewer Revenue

Billed Water Revenue
Revenue billed for potable water services. The water revenue budget assumes a minor increase in total customers and 9.0% rate increase.

Billed Wastewater Revenue
Revenue billed for the wastewater services. The wastewater revenue budget assumes a minor increase in total customers and 9.0% rate increase.

Irrigation Revenue
Revenue billed for the irrigation services. The irrigation revenue budget assumes a minor increase in total customers and 9.0% 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 2025 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 2025 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 up 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 2025 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 an estimate of total premiums for FY 2025. 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 2025 budget this line item includes legal matters regarding Human Resources or other matters not covered by the District Attorney.
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 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. This year we are proposing to give a 3.1% increase to all employees based on the Bureau of Labor Statics CPI. This also reflects increases in license or certifications and the addition of one new Utility Inspector and One new Public Information Officer.

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 9.0% contribution into a SEP IRA for all full-time employees. This contribution is paid monthly.

Health/Life/Dental Insurance
This includes health, life and dental insurance benefits provided to all employees of the District. The proposed increase is 8.0% for FY 2025.

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 for 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: Two Vehicles are requested to be purchased this year; One for the new Public Information Officer, split with the General Fund for $40,000 and one for the New Utility Inspector for $45,000.

Building
This description is the same for all Division in the Utilities Department: Admin has requested $20,000 for the new storage building interior work. This will allow for all public records management to stay onsite in lieu of using a remote storage facility.

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. New water plant vehicle for $45,000 and water plant interior renovations for $12,000 are 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. A replacement roll-off truck for $150,000 (65%), split with GF, is 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 and includes two additional Underground Utilities Workers.

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 Replacement of one truck for $45,000 for this fiscal year.

New Meters
This code was recommended by the rate consultant to track the purchase of new meters for new construction.
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. Shop has budgeted $16,500 for new Shop Equipment and
$30,000 for the new UT Plant Mechanic Workshop for this fiscal year.

The Total Operating Expenses are projected to be $8,718,853 for FY 2025.

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.

Issuance of 2024 Bond Series
Anticipate acquiring new bond series for Water Treatment Plant upgrades to accommodate new growth and redundancy. These new bonds shall incorporate Series 2011, 2013, and 2014 Bonds into one payment.

Rate Stabilization
This expense code transfers funds from available unrestricted operating reserves to the Rate Stabilization Fund and the balance is up to
$633,841. There is no transfer scheduled for 2025 FY.

Renewal & Replacement Transfer to Capital
This allocation captures the 5% minimum funding requirement to the Renewal & Replacement fund which is $481,267 for 2025FY 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 2025 BUDGET

R&R	WCF	WWCF

-	
-	
481,267	
200,000	
-	
           -		

-	
3,832	
-	
-	
-	
        -		

Estimated Beginning Fund Balance	780,170	1,018,727	474,433

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

-	
2,876	
-	
-	

	-	

TOTAL REVENUES AVAILABLE	1,461,437	1,022,559	477,309

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

1,044,943	-	-

           -		
1,044,943	

        -		
-	

        -		
-	

  

FUND BALANCE, SEPTEMBER 30

 $	416,494 

 $	1,022,559 

 $	477,309 

  

  FY 2024		
	FY 2025		
	FY 2026			
	FY 2027			
  FY 2028 		
  FY 2029 	
Estimated Beginning Fund Balance	1,912,496	780,170	416,494	426,164	504,877	572,737	
ADD REVENUES:
5-36001	Interest Revenues	-
-	-	-	-	-	-	
5-36007	5% Required Transfer per Bond	481,267	481,267	516,327	562,796	570,113	577,524	
	Additional Funding	200,000	200,000	200,000	100,000	100,000	100,000	
	Cash Carry Forward for R&R CIP	-	-	-	-	-	-	

TOTAL REVENUES AND FUNDS AVAILABLE	
2,593,763	
1,461,437	
1,132,821	
1,088,960	
1,174,990	
1,250,261	

DEDUCT EXPENDITURES:	-	
SW062	5-37033	Transfer to WWTF Expansion Project	-	-	-	-	
SW001	5-37007	Lift Station Renewal & Replacement	315,833	215,833	217,991	220,171	222,373	224,597	
SW037	5-37009	Emergency Renewal & Replacement Projects	274,400	250,000	262,500	275,625	289,406	303,876	
SW047	5-37013	Structural Repairs Sewer Manholes	33,660	33,660	34,334	35,022	35,723	36,438	
SW048		Security Cameras Upgrades	-	10,000	-	-	-	-	
SW049	5-37004	Protective Coating Manholes	29,700	29,700	30,294	30,900	31,518	32,148	
SW064	5-37006	Replacement Meters	500,000	-	-	-	-	-	
SW066	5-37020	WWTF Plant Painting & Sealing of Tanks	100,000	100,000	-	-	-	-	
SW073	5-37027	Replacement Backflow Preventers	10,000		-	-	-	-	
SW078	5-37028	WTP Painting and Tank sealing		150,000	-	-	-	-	
SW084	5-37031	Potable Water Flushing Devices	5,000	5,000	5,000	5,000	5,000	5,000	
SW085	5-37032	Emergency (Association Irrigation) R & R Projects	15,000	15,750	16,538	17,365	18,233	19,145	
SW087	5-37034	Irrigation SCADA Improvements	-	70,000	-	-	-	-	
SW091	5-37038	Irrigation Automatic Flushing Devices	-	5,000	-	-	-	-	
SW092	5-37039	Repaving Utility site	350,000		-	-	-	-	
SW095	5-37042	Step Screen Replacement	-	-	140,000	-	-	-	
SW097	5-37044	Sand Filter Replacement and Upgrade	180,000	-	-	-	-	-	
SW098	5-38015	WTP Expansion			160,000		-							
		TOTAL EXPENDITURES	1,813,593		1,044,943		706,657		584,083		602,253		621,204	
FUND BALANCE, SEPTEMBER 30		780,170 			416,494 		426,164  	504,877  	572,737 		629,057 	

		
FY 2024	
FY 2025	
FY 2026		
FY 2027		
FY 2028		
FY 2029	

Estimated Beginning Fund Balance	

680,662	

1,018,727	

1,022,559		

1,026,391		

1,030,223		

1,034,055	
ADD REVENUES:
5-36004	
Interest Revenues	
52,362	
-	
-		
-		
-		
-	
5-36005	Connection Fee Revenues	445,703	3,832	3,832		3,832		3,832		3,832	
-	-	-	-	-	-	
Additional Funding Required		-			-			-			-			-			-		
TOTAL REVENUES AND FUNDS AVAILABLE	1,178,727	1,022,559	1,026,391	1,030,223	1,034,055	1,037,887	

DEDUCT EXPENDITURES:
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	160,000
2000 and 2004 Bond Refunding Payment		-	

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

	-			-			-			-	

				

-
-
-
-
-
-
-
-
-
	-	

-

	-	

-

  1,022,559 

TOTAL EXPENDITURES	160,000	-	-	-	-

TRANSFERS:

Transfers Out to Pay Debt Service		-	

	-			-			-			-	

TOTAL TRANSFERS OUT	-	-	-	-	-

FUND BALANCE, SEPTEMBER 30	 1,018,727 	 1,026,391 	 1,030,223 	 1,034,055 	 1,037,887 

FY 2025	

474,433

- 2,876
-
	-	

477,309	

-	
  477,309 	

		
FY 2024		
FY 2026		
FY 2027		
FY 2028		
FY 2029	

Estimated Beginning Fund Balance	

142,235		

477,309		

480,185		

483,061		

485,937	
ADD REVENUES:
5-36002	
Interest Revenues	
14,675		
-		
-		
-		
-	
5-36006	Connection Fee Revenues	317,523		2,876		2,876		2,876		2,876	
Unrestricted Utility Fund balance		- 2013 Construction Bond Proceeds		-	

TOTAL REVENUES AND FUNDS AVAILAB 474,433 DEDUCT EXPENDITURES:
SW097  5-39010 WWTF Reuse Filter Project	-

TOTAL EXPENDITURES		- FUND BALANCE, SEPTEMBER 30	 474,433 		-	-	-	-
	-			-			-			-	

480,185	483,061	485,937	488,813

-	-	-	-

-	-	-	-

	480,185 		483,061 		485,937 		488,813 	

St Lucie West Services District	
Debt Service Fund - Water Management Benefit Series 2013 Bonds & Series 2014 Land Acquisition Bond & Series 2021-2 District Wide Bond	
Five Year Operating Forecast	

	SERIES 2013 BOND	

Actual	
FY 2023	

Actual	
FY 2024	

Estimate EOY	
FY 2024	

Final Budget	
FY 2024	

Budget		
Forecast	
FY 2025		FY 2026	FY 2027	FY 2028	FY 2029		

54,765	
2,070,997	

OPERATING REVENUE		
Interest	44,917	
Special Assessments	1,922,092	
Miscellaneous Revenue (Prepayments)		
Total Revenues	$  1,967,009	

2-04001	
2-04002	
2-04005	

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

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

2,000	0						
2,064,907	0						
-	-	-		-		-	
$ 2,066,907	$	-	$	-		$	-		$	-	
	
40,100	-						
6,000	-						
1,805,000	-						
26,764	-						
10,000	-						
-	-	-		-		-	

 	

OPERATING EXPENSES		
Debt Service		
Assessment Fees	44,425	
Banking Services	8,170	
Principal 2013	1,720,000	
Interest 2013	156,876	
Misc		
COI		
Land Purchase		
Total Expenses	1,929,471	

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

44,436	
8,170	
1,765,000	
105,869	

40,100	
6,000	
1,765,000	
79,819	
10,000	
-	

40,100	
6,000	
1,765,000	
79,819	
10,000	
-	

 $  2,125,762 

Surplus/(Deficit) Before Transfer from		
(to) Operating Reserve	37,538	

202,287	165,988	-	165,988	179,043	-	-	-	-	

1,923,475	1,900,919	-	1,900,919		1,887,864	-		-		-		-	
									-		-	

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)	$	37,538	$	202,287	$	165,988	$	165,988		$	179,043	$	-		$	-		$	-		$	-	

*Coverage Provided (Required > 1.10)	1.05	
*Net Revenue / Bond Payment Requirements		

1.12	1.12	1.13

	SERIES 2014 BOND	

Actual	
FY 2023	

Actual	
FY 2024	

Estimate EOY		
Final Budget		
Budget		
Forecast	
FY 2024		FY 2024		FY 2025		FY 2026	FY 2027	FY 2028	FY 2029		

OPERATING REVENUE		
Interest	3,617	
Stormwater Revenue	392,663	

3,958	
193,037	

-	
388,270	

-	
388,270	

-	-	-	-	-	
388,259	388,132	392,620	391,799	390,587	
-	-	-	-	-	
$  388,259	$	388,132	$	392,620	$	391,799	$	390,587	

2-04007

	- 	
 $	388,270 	

	- 	
 $	388,270 	

 	
Total Revenues	$	396,280	 $	196,995 	

2-05016	
2-05017	

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

-	
-	
155,000	
38,037	

-	
-	
315,000	
73,270	
-	
-	

-	
-	
315,000	
73,270	
-	

-	-	-	-	-	
-	-	-	-	-	
325,000	335,000	350,000	360,000	370,000	
63,259	53,132	42,620	31,799	20,587	
-	-	-	-	-	
-	-	-	-	-	

Total Expenses	391,758		193,037	   
388,270	388,270	388,259	388,132	392,620	391,799	390,587	

Surplus/(Deficit) Before Transfer from		
(to) Operating Reserve	4,522	

-	-	-	-	-	-	

3,958	-

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)	$	4,522	$	3,958	$	-	$	-		$	-	$	-		$	-		$	-		$	-	

5	
155,434	

5	
155,434	
-	
	- 	
 $	155,439 	

	- 	
 $	155,439 	

Total Revenues	$	146,286	 $	12,207 	

	SERIES 2021-2 BOND - District Wide Project	

Actual	
FY 2023	

Actual	
FY 2024	

Estimate EOY		Final Budget		Budget		Forecast	
FY 2024		FY 2024		FY 2025		FY 2026	FY 2027	FY 2028	FY 2029		

OPERATING REVENUE		
Interest	0	
Special Assessments	146,286	
Misc Revenue (Prepayments) / (Capitalized Interest)	-	

	5	5		-	-	-	
12,207.00

 		153,484

-	1,363,252

-		-	-

-	-	-

-	
	$  153,489	$  1,363,257	$	-  $	-  $	-	

2-05018	
2-05019	

OPERATING EXPENSES		
Debt Service		
Assessment Fees	-	
Banking Services	-	
Principal 2021	120,000	
Interest 2021	26,286	
Misc	-	
COI	-	

-	
-	
125,000	
24,414	

4,000	
3,000	
125,000	
23,439	
-	
-	

4,000	
3,000	
125,000	
23,439	
-	

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

Total Expenses	146,286		149,414	   
155,439	155,439	153,489	1,363,257	-	-	-	

Surplus/(Deficit) Before Transfer from		
(to) Operating Reserve	-	

-	-	-	-	-	-	

(137,207)	-

TRANSFER FROM (TO) OPERATING RESERVE

Surplus/(Deficit)	$	-	$	(137,207)	$	-	$	-		$	-	$	-		$	-		$	-		$	-	

Estimated Beginning Fund Balance	1,458,270	171,599	185,375	
	-	-	-	
	-	-	-	
Interest Revenues	47,451	13,776	5,000	
Loan Revenues	-	-	-	
Additional Funding Required		-			-			-		

District Wide Stormwater Improvement	
FY 2025 BUDGET	

	Actual
  FY 2023 		
  FY 2024 		
  FY 2025 		
 FY 2026 		
 FY 2027 		
 FY 2028 		
 FY 2029 	
							
-		
-		
-		
-	
ADD REVENUES:												
-		
-	
								
	-			-
	-			-
	-			-
	-		
	TOTAL REVENUES AND FUNDS AVAILABLE	1,505,721		185,375		190,375		-		-		-		-	
				
-		
73,348		
-		
-		
-		
-	
	TOTAL EXPENDITURES	1,334,122		-		73,348		-		-		-		-	
TRANSFERS:	
Transfers Out to Pay Debt Service	
	-			
	-			
	-			
	-			
	-			
	-			
	-		

DEDUCT EXPENDITURES:		
Ditch piping near Post Office	1,334,122	

TOTAL TRANSFERS OUT			-		-		-	-		-		-		- FUND BALANCE, SEPTEMBER 30		171,599  	185,375  	117,027  	-	 	-	 	-	 	-