Pal Mar
Water Control District

Proposed Budget Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

PROPOSED BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 ANNUAL BUDGET	
O & M Assessments	195,638	
Other Income	0	
Uncollectable Assessments	0	
Interest Income	2,400	
	0	
TOTAL REVENUES	198,038	
		
EXPENDITURES		
Engineering	35,000	
Engineering Survey	20,000	
Management	36,000	
Legal	60,000	
Assessment Roll	5,000	
Audit Fees	4,200	
Insurance	8,000	
Legal Advertising	3,000	
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	140,000	
Contingency (Legal - Extraordinary)	1,500	
		
TOTAL EXPENDITURES	445,875	

REVENUES LESS EXPENDITURES	(247,837)	
		
County Appraiser & Tax Collector Fee	(3,913)	
Discounts For Early Payments	(7,826)	
		
EXCESS/ (SHORTFALL)	(259,576)	
		
Carryover From Prior Year	259,576	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-24 is $1,800,000.

FY 2024/2025 Projected Assessment Rate is $9.00 Per Acre ($9.00 Per Acre In 2023/2024). Current Estimated Assesable Acres is 21,740.

DETAILED PROPOSED BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 ANNUAL BUDGET	
FISCAL YEAR 2024/2025 ANNUAL BUDGET	

COMMENTS	
O & M Assessments	1,905,817	195,638	195,638	Expenditures Less Interest/.94	
Other Income	0	0	0		
Uncollectable Assessments	0	0	0		
Interest Income	43,771	480	2,400	Projected At $200 Per Month	
					
TOTAL REVENUES	1,949,588	$	196,118	$	198,038		
					
EXPENDITURES					
Engineering	42,133	28,000	35,000	Fiscal Year 23/24 Expenditure Through Feb 24 Was $15,005	
Engineering Survey	0	0	20,000	Engineering Survey	
Management	36,000	36,000	36,000	$3,000 Per Month	
Legal	60,650	60,000	60,000	Fiscal Year 23/24 Expenditure Through March 24 Was $33,590	
Assessment Roll	5,000	5,000	5,000	Assessment Roll Preparation	
Audit Fees	4,000	4,100	4,200	$100 Increase From 2023/2024 Budget	
Insurance	6,291	8,300	8,000	Insurance Estimate	
Legal Advertising	4,239	2,500	3,000	$500 Increase From 2023/2024 Budget	
Miscellaneous	3,561	7,500	7,500	Miscellaneous	
Postage	1,385	2,000	2,000	No Change From 2023/2024 Budget	
Office Supplies	508	2,000	2,000	No Change From 2023/2024 Budget	
Website Management	1,500	1,500	1,500	No Change From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Maintenance Contract	12,000	0	0	Line Item Eliminated	
Miscellaneous Maintenance	12,663	20,000	20,000	Miscellaneous Maintenance	
Mowing	32,880	100,000	100,000	Mowing	
Security	0	60,000	140,000	Security & Security Detail	
Contingency (Legal - Extraordinary)	1,721	3,000	1,500	$1,500 Decrease From 2023/2024 Budget	
					
TOTAL EXPENDITURES	224,706	$	340,075	$	445,875		

REVENUES LESS EXPENDITURES	1,724,882	(143,957)	(247,837)		
					
County Appraiser & Tax Collector Fee	(11,558)	(3,913)	(3,913)	Two Percent Of Expected Assessment Roll	
Discounts For Early Payments	(1,134)	(7,826)	(7,826)	Four Percent Of Expected Assessment Roll	
					
EXCESS/ (SHORTFALL)	$ 1,712,190	$	(155,696)	$	(259,576)		
					
CARRYOVER FROM PRIOR YEAR	0	155,696	259,576	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	1,712,190	$	-	$	-		

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-24 is $1,800,000.

FY 2024/2025 Projected Assessment Rate is $9.00 Per Acre ($9.00 Per Acre In 2023/2024) Current Estimated Assesable Acres is 21,740.