Pal Mar
Water Control District

Proposed Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

PROPOSED BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2018/2019 ANNUAL BUDGET	
O & M Assessments	478,165	
Other Income	0	
Interest Income	420	
		
TOTAL REVENUES	$	478,585	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	1,200	
Payroll Taxes (Admin)	100	
Engineering	17,000	
Management	24,000	
Legal	27,000	
Assessment Roll	5,000	
Audit Fees	5,200	
Insurance	6,350	
Legal Advertising	1,700	
Miscellaneous	3,000	
Postage	2,300	
Office Supplies	2,500	
Website Management	1,500	
Dues & Subscriptions	175	
Contingency	914	
Uncollectable Assessments	351,956	
		
TOTAL ADMINISTRATIVE EXPENDITURES	$	449,895	
		
SECURITY/MAINTENANCE EXPENDITURES		
Contract Labor - Security & Maintenance	0	
Maintenance Contingency	0	
Repairs & Maintenance	0	
Mowing	0	
		
TOTAL SECURITY/MAINTENANCE EXPENDITURES	$	-	
		
TOTAL EXPENDITURES	$	449,895	
		
EXCESS/ (SHORTFALL)	$	28,690	
		
County Appraiser & Tax Collector Fee	(9,563)	
Discounts For Early Payments	(19,127)	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-18 is $90,000.

FY 2018/2019 Projected Assessment Rate is $22.00 Per Acre ($10.00 Per Acre In 2017/2018).

DETAILED PROPOSED BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2016/2017
ACTUAL	
FISCAL YEAR 2017/2018
BUDGET	
FISCAL YEAR 2018/2019
BUDGET	

COMMENTS	
O & M Assessments	153,618	213,830	478,165	Expenditures Less Interest/.94	
Other Income	0	0	0		
Interest Income	1,464	420	420	Projected At $35 Per Month	
					
TOTAL REVENUES	155,082	$	214,250	$	478,585		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	400	1,200	1,200	No Change From 2017/2018 Budget	
Payroll Taxes (Admin)	31	100	100	Projected At 8% Of Supervisor Fees	
Engineering	9,965	17,000	17,000	FY 17/18 Expenditures Through April 2018 = $20,538	
Management	24,000	24,000	24,000	No Change From 2017/2018 Budget	
Legal	34,613	27,000	27,000	FY 17/18 Expenditures Through Feb 2018 = $10,123	
Assessment Roll	5,000	5,000	5,000	Assessment Roll Preparation	
Audit Fees	5,100	5,200	5,200	Accepted Amount For Fiscal Year 2017/2018	
Insurance	5,778	6,350	6,350	Insurance Company Estimate	
Legal Advertising	1,334	1,800	1,700	$100 Decrease From 2017/2018 Budget	
Miscellaneous	1,347	3,000	3,000	No Change From 2017/2018 Budget	
Postage	2,271	2,300	2,300	No Change From 2017/2018 Budget	
Office Supplies	1,197	2,500	2,500	No Change From 2017/2018 Budget	
Website Management	1,500	1,500	1,500	Website Management	
Dues & Subscriptions	175	175	175	No Change From 2017/2018 Budget	
Contingency	0	27,545	914	Contingency	
Uncollectable Assessments	0	0	351,956	Uncollectable Assessments	
					
TOTAL ADMINISTRATIVE EXPENDITURES	92,711	$	124,670	$	449,895		
					
SECURITY/MAINTENANCE EXPENDITURES					
Contract Labor - Security & Maintenance	28,000	28,000	0	Security/Maintenance Eliminated	
Maintenance Contingency	0	10,750	0	Maintenance Eliminated	
Repairs & Maintenance	0	15,000	0	Maintenance Eliminated	
Mowing	23,000	23,000	0	Maintenance Eliminated	
					
TOTAL SECURITY/MAINTENANCE EXPENDITURES	51,000	$	76,750	$	-		
					
TOTAL EXPENDITURES	143,711	$	201,420	$	449,895		
					
EXCESS/ (SHORTFALL)	11,371	$	12,830	$	28,690		
					
County Appraiser & Tax Collector Fee	(2,662)	(4,277)	(9,563)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(1,117)	(8,553)	(19,127)	Four Percent Of Total Assessment Roll	
					
NET EXCESS/ (SHORTFALL)	$	7,592	$	-	$	-		

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-18 is $90,000.

FY 2018/2019 Projected Assessment Rate is $22.00 Per Acre ($10.00 Per Acre In 2017/2018).