Pal Mar
Water Control District

$22 per Acre	Final Budget Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

FINAL 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	478,278	
Other Income	0	
Uncollectable Assessments	(353,687)	
Interest Income	480	
	0	
TOTAL REVENUES	125,071	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	0	
Payroll Taxes (Admin)	0	
Engineering	25,000	
Management	24,000	
Legal	26,000	
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)	14,250	
		
TOTAL EXPENDITURES	117,625	

EXCESS/ (SHORTFALL)	7,446	
		
County Appraiser & Tax Collector Fee	(2,482)	
Discounts For Early Payments	(4,964)	
		
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 $22.00 Per Acre ($22.00 Per Acre In 2019/2020).

DETAILED FINAL 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	478,278	Expenditures Less Interest/.94	
Other Income	4,883	0	0		
Uncollectable Assessments	0	(340,116)	(353,687)	Uncollectable Assessments	
Interest Income	1,162	480	480	Projected At $40 Per Month	
					
TOTAL REVENUES	313,681	$	138,529	$	125,071		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	1,000	1,200	0	Eliminated by Board	
Payroll Taxes (Admin)	142	100	0	Eliminated by Board	
Engineering	39,333	30,000	25,000	Can't implement Water Control Plan. Maintenance schedule already set	
Management	24,000	24,000	24,000	No Change From 2019/2020 Budget	
Legal	24,374	26,000	26,000	Heavy lifting done with both suits	
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	14,250	Contingency (Legal - Extraordinary)	
					
TOTAL EXPENDITURES	135,517	$	109,839	$	117,625		

EXCESS/ (SHORTFALL)	178,164	28,690	7,446		
					
County Appraiser & Tax Collector Fee	(4,903)	(9,563)	(2,482)	Two Percent Of Expected Assessment Roll	
Discounts For Early Payments	(3,484)	(19,127)	(4,964)	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 $22.00 Per Acre ($22.00 Per Acre In 2019/2020)