Pal Mar
Water Control District

Proposed Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

PROPOSED BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021
ANNUAL BUDGET	
O & M Assessments	544,274	
Other Income	0	
Uncollectable Assessments	(401,952)	
Interest Income	480	
	0	
TOTAL REVENUES	142,802	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	1,200	
Payroll Taxes (Admin)	100	
Engineering	35,000	
Management	24,000	
Legal	35,000	
Assessment Roll	5,000	
Audit Fees	3,800	
Insurance	6,200	
Legal Advertising	2,100	
Miscellaneous	5,000	
Postage	2,300	
Office Supplies	2,300	
Website Management	1,500	
Dues & Subscriptions	175	
Contingency (Legal - Extraordinary)	10,616	
		
TOTAL EXPENDITURES	134,291	

EXCESS/ (SHORTFALL)	8,511	
		
County Appraiser & Tax Collector Fee	(2,837)	
Discounts For Early Payments	(5,674)	
		
NET EXCESS/ (SHORTFALL)	-	

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-20 is $150,000.

FY 2020/2021 Projected Assessment Rate is $25.00 Per Acre ($22.00 Per Acre In 2019/2020).

DETAILED PROPOSED BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019
ACTUAL	
FISCAL YEAR 2019/2020
BUDGET	
FISCAL YEAR 2020/2021
BUDGET	

COMMENTS	
O & M Assessments	307,636	478,165	544,274	Expenditures Less Interest/.94	
Other Income	4,883	0	0		
Uncollectable Assessments	0	(340,116)	(401,952)	Uncollectable Assessments	
Interest Income	1,162	480	480	Projected At $40 Per Month	
					
TOTAL REVENUES	313,681	$	138,529	$	142,802		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	1,000	1,200	1,200	No Change From 2019/2020 Budget	
Payroll Taxes (Admin)	142	100	100	Projected At 8% Of Supervisor Fees	
Engineering	39,333	30,000	35,000	FY 19/20 Expenditures Through March 2020 = $26,928	
Management	24,000	24,000	24,000	No Change From 2019/2020 Budget	
Legal	24,374	26,000	35,000	FY 19/20 Expenditures Through March 2020 = $43,836	
Assessment Roll	5,000	5,000	5,000	Assessment Roll Preparation	
Audit Fees	5,200	5,300	3,800	Accepted Amount For 2019/2020 Audit	
Insurance	5,000	6,350	6,200	Insurance Estimate	
Legal Advertising	2,013	1,600	2,100	$500 Increase From 2019/2020 Budget	
Miscellaneous	2,304	3,000	5,000	$2,000 Increase From 2019/2020 Budget	
Postage	1,818	2,300	2,300	No Change From 2019/2020 Budget	
Office Supplies	1,603	2,400	2,300	$100 Decrease From 2019/2020 Budget	
Website Management	1,500	1,500	1,500	No Change From 2019/2020 Budget	
Dues & Subscriptions	175	175	175	No Change From 2019/2020 Budget	
Contingency (Legal - Extraordinary)	22,055	914	10,616	Contingency (Legal - Extraordinary)	
					
TOTAL EXPENDITURES	135,517	$	109,839	$	134,291		

EXCESS/ (SHORTFALL)	178,164	28,690	8,511		
					
County Appraiser & Tax Collector Fee	(4,903)	(9,563)	(2,837)	Two Percent Of Expected Assessment Roll	
Discounts For Early Payments	(3,484)	(19,127)	(5,674)	Four Percent Of Expected Assessment Roll	
					
NET EXCESS/ (SHORTFALL)	$	169,777	$	-	$	-		

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-20 is $150,000.

FY 2020/2021 Projected Assessment Rate is $25.00 Per Acre ($22.00 Per Acre In 2019/2020).