Pal Mar
Water Control District

Budget
Fiscal Year 2023/2024 October 1, 2023 - September 30, 2024

CONTENTS

BUDGET

DETAILED BUDGET

BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024 ANNUAL BUDGET	
O & M Assessments	195,638	
Other Income	0	
Uncollectable Assessments	0	
Interest Income	480	
	0	
TOTAL REVENUES	196,118	
		
EXPENDITURES		
Supervisor Fees	0	
Payroll Taxes (Admin)	0	
Engineering	28,000	
Management	36,000	
Legal	60,000	
Assessment Roll	5,000	
Audit Fees	4,100	
Insurance	8,300	
Legal Advertising	2,500	
Miscellaneous	7,500	
Postage	2,000	
Office Supplies	2,000	
Website Management	1,500	
Dues & Subscriptions	175	
Maintenance Contingency	0	
Miscellaneous Maintenance	20,000	
Mowing	100,000	
Security	60,000	
Contingency (Legal - Extraordinary)	3,000	
		
TOTAL EXPENDITURES	340,075	

REVENUES LESS EXPENDITURES	(143,957)	
		
County Appraiser & Tax Collector Fee	(3,913)	
Discounts For Early Payments	(7,826)	
		
EXCESS/ (SHORTFALL)	(155,696)	
		
Carryover From Prior Year	155,696	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-23 is $1,850,000.

FY 2023/2024 Projected Assessment Rate is $9.00 Per Acre ($9.00 Per Acre In 2022/2023). Current Estimated Assesable Acres is 21,740.

DETAILED BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022 ACTUAL	
FISCAL YEAR 2022/2023 ANNUAL BUDGET	
FISCAL YEAR 2023/2024 ANNUAL BUDGET	

COMMENTS	
O & M Assessments	265,016	195,638	195,638	Expenditures Less Interest/.94	
Other Income	12,675	12,000	0		
Uncollectable Assessments	0	0	0		
Interest Income	603	360	480	Projected At $40 Per Month	
					
TOTAL REVENUES	278,294	$	207,998	$	196,118		
					
EXPENDITURES					
Supervisor Fees	0	0	0	Eliminated by Board	
Payroll Taxes (Admin)	0	0	0	Eliminated by Board	
Engineering	19,871	28,000	28,000	No Change From 2022/2023 Budget	
Management	25,000	36,000	36,000	$3,000 Per Month	
Legal	89,084	60,000	60,000	Fiscal Year 2022/2023 Expenditure Through April 2023 Is $18,498	
Assessment Roll	5,000	5,000	5,000	Assessment Roll Preparation	
Audit Fees	3,900	4,000	4,100	Accepted Amount For 2022/2023 Audit	
Insurance	5,706	8,300	8,300	Insurance Estimate	
Legal Advertising	2,378	2,100	2,500	$400 Increase From 2022/2023 Budget	
Miscellaneous	1,710	10,000	7,500	Miscellaneous	
Postage	102	2,000	2,000	No Change From 2022/2023 Budget	
Office Supplies	958	2,000	2,000	No Change From 2022/2023 Budget	
Website Management	1,500	1,500	1,500	No Change From 2022/2023 Budget	
Dues & Subscriptions	175	175	175	No Change From 2022/2023 Budget	
Maintenance Contract	12,000	12,000	0	Line Item Eliminated	
Miscellaneous Maintenance	0	19,684	20,000	Miscellaneous Maintenance	
Mowing	32,880	0	100,000	Mowing	
Security	0	0	60,000	Security	
Contingency (Legal - Extraordinary)	4,551	5,500	3,000	$2,500 Decrease From 2022/2023 Budget	
					
TOTAL EXPENDITURES	204,815	$	196,259	$	340,075		

REVENUES LESS EXPENDITURES	73,479	11,739	(143,957)		
					
County Appraiser & Tax Collector Fee	(2,979)	(3,913)	(3,913)	Two Percent Of Expected Assessment Roll	
Discounts For Early Payments	(8,073)	(7,826)	(7,826)	Four Percent Of Expected Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	62,427	$	-	$	(155,696)		
					
CARRYOVER FROM PRIOR YEAR	0	0	155,696	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	62,427	$	-	$	-		

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-23 is $1,850,000.

FY 2023/2024 Projected Assessment Rate is $9.00 Per Acre ($9.00 Per Acre In 2022/2023). Current Estimated Assesable Acres is 21,740.