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FY13 Tentative Budget PORT OF THE ISLANDS Community Improvement District Annual Operating and Debt Service Budget Fiscal Year 2013 Version 2-Modified Tentative Budget: (Printed on 6/4/2012 at 5pm) Prepared by: SEVERN TRENT SERVICES • • PORT OF THE ISLANDS Community Improvement District Table of Contents Page# OPERATING BUDGET General Fund Summary of Revenues,Expenditures and Changes in Fund Balances 1-2 Budget Narrative 3-5 Exhibit A-Allocation of Fund Balances 6 Water and Sewer Fund Summary of Revenues,Expenditures and Changes in Fund Balances 7-8 Budget Narrative 9-12 Amortization Schedule 13 Exhibit B-Allocation of Fund Balances 14 SUPPORTING BUDGET SCHEDULES 2012-2013 Non-Ad Valorem Assessment Summary 15 CIP Schedule 16 Port of the Islands Community Improvement District Operating Budget Fiscal Year 2013 PORT OF THE ISLANDS Community Improvement District Genera!Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2013 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JUN- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2010 FY 2011 FY 2012 MAY-2012 SEP-2012 FY 2012 FY 2013 REVENUES Interest-Investments $ 9,977 $ 6,315 $ 2,090 $ 2,994 $ 1,497 $ 4,491 $ 2,177 Net Ina(Decr)In FMV-Invest 6,271 2,159 - 1,481 1,481 - Interest-Tax Collector 1,429 166 24 - 24 SpecialAssmnts-Tax Collector 404,299 402,233 435,400 375,297 60,103 435,400 435,400 Special Assmnts-Refund (13,304) - - - - - - Special Assmnts-Delinquent 3,795 - - - 66,290 66,290 - Special Assmnts-Discounts (12,027) (11,128) (17,416) (12,013) - (12,013) (17,416) Other Miscellaneous Revenues 3,277 3,676 - - - - - TOTAL REVENUES 403,717 403,421 420,074 367,783 127,890 495,673 420,161 EXPENDITURES Administrative P/R-Board of Supervisors 6,400 5,700 7,000 4,500 2,500 7,000 7,000 FICA Taxes 490 436 536 344 191 535 536 ProfServ-Engineering 16,550 21,523 26,000 9,438 16,562 26,000 26,000 ProfServ-Legal Services 28,890 30,200 12,500 22,677 11,339 34,016 12,500 ProfServ-Mgmt Consulting Sery 26,084 26,867 27,539 18,359 9,180 27,539 28,365 ProfServ-Property Appraiser - 6,530 6,531 - 6,531 6,531 ProfServ-Special Assessment 8,500 8,755 8,974 8,974 - 8,974 9,243 Auditing Services 4,432 3,750 3,750 3,500 - 3,500 3,750 Communication-Telephone 69 22 100 16 8 24 100 Postage and Freight 1,280 1,129 1,500 743 372 1,115 1,500 Rental-Meeting Room 600 325 300 225 100 325 350 Insurance-General Liability 7,979 7,830 8,270 5,845 1,860 7,705 8,861 Printing and Binding 1,551 1,578 2,000 776 1,224 2,000 2,000 Legal Advertising 2,475 475 2,200 493 1,707 2,200 2,200 Miscellaneous Services 293 482 400 835 418 1,253 1,375 Misc-Assessmnt Collection Cost 1,944 (3,801) 8,708 7,266 1,442 8,708 8,708 Misc-Web Hosting - - - 119 - 119 1,000 Office Supplies 774 448 650 169 85 254 650 Annual District Fling Fee 175 175 175 175 - 175 175 Total Administrative 108,486 105,894 117,132 90,985 46,987 137,972 120,844 Field Contracts-Mgmt Services 99,703 101,289 103,821 67,545 33,773 101,318 100,000 Contracts-Landscape 95,953 97,639 79,440 52,960 26,480 79,440 79,440 Electricity-Streetlighting 12,267 13,439 13,000 10,929 5,465 16,394 16,500 Utiity-Irrigation 9,248 6,559 7,200 9,258 4,628 13,884 12,600 R&M-Renewal and Replacement 19,567 17,126 20,000 8,577 4,289 12,866 10,000 R&M-Roads&Alleyways - - 6,000 - - - 4,000 R&M-Signage - - - - - •- 1,000 Capital Outlay 4,508 - 73,481 - - - 70,894 Total Field 241,246 236,052 302,942 149,267 74,634 223,901 294,434 TOTAL EXPENDITURES 349,732 341,946 420,074 240,252 121,620 361,872 415,278 Annual Operating and Debt Service Budget Fiscal Year 2013 1 PORT OF THE ISLANDS Community Improvement District General Fund Summary of Revenues,Expenditures and Changes in Fund Balances Fiscal Year 2013 Proposed Budget • ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JUN- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2010 FY 2011 FY 2012 MAY-2012 SEP-2012 FY 2012 FY 2013 Excess(deficiency)of revenues Over(under)expenditures 53,985 61,475 - 127,531 6,270 133,801 4,883 OTHER RNANCING SOURCES(USES) Contribution to(Use of)Fund Balance - - - - - - 4883 TOTAL OTHER SOURCES(USES) - - - - - - 4,883 Net change in fund balance 53,985 61,475 - 127,531 6,270 133,801 4,883 FUND BALANCE,BEGINNING 1,046,687 1,100,672 1,162,147 1,162,147 - 1,162,147 1,295,948 FUND BALANCE,ENDING $1,100,672 $1,162,147 $1,162,147 $1,289,678 $ 6,270 $1,295,948 $1,300,831 Annual Operating and Debt Service Budget Fiscal Year 2013 2 PORT OF THE ISLANDS Community Improvement District General Fund Budget Narrative Fiscal Year 2013 'REVENUES Interest-Investments The District earns interest on the monthly average collected balance for their operating accounts. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162,Florida Statues,discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R-Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated$200 per meeting at which they are in attendance. The amount for the Fiscal Year is based on 5 Board members paid for attending 14 meetings. The fees will be split evenly with the Water&Sewer Fund. FICA Taxes Payroll taxes for supervisor salaries are calculated as 7.65%of payroll. Professional Services-Engineering The Districts engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested,review of invoices,and other specifically requested assignments. The budgeted amount for the fiscal year is based on prior year spending. The fees for shared general maters only will be split evenly with the Water&Sewer Fund. Professional Services-Legal Services The District's Attorney provides general legal services to the District,i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research as directed by the Board of Supervisors and the District Manager.The fees will be split evenly with the Water&Sewer Fund based on the percent budgeted for each fund. Professional Services-Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Severn Trent Environmental Services,Inc. Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The FY2013 budget for collection costs was based on 1.5% of the anticipated assessment collections. Annual Operating and Water/Sewer Budget Fiscal Year 2013 3 PORT OF THE ISLANDS Community Improvement District General Fund Budget Narrative Fiscal Year 2013 EXPENDITURES Administrative(continued) Professional Services-Special Assessment The District has contracted with Severn Trent Management Services, Inc. to levy annual assessments, update the District's tax roll,prepare estoppel letters and handle any customer service questions regarding assessments. Auditing Services The District Is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The fees will be split evenly with the Water&Sewer Fund. Communication-Telephone Telephone and fax transmission expenditures. The budgeted amount for the fiscal year is based on prior year spending. The fees will be split with the Water&Sewer Fund based on the percent budgeted for each fund. Postage and Freight This represents costs associated with actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence. The fees will be split evenly with the Water&Sewer Fund. Rentals—Meeting Room The District is charged$50 per occurrence for the use of the meeting room at which the District's meetings are held. This fee will be split evenly with the Water&Sewer Fund. Insurance—General Liability The District currently has its Insurance Policy with the Florida Municipal Insurance Trust. This includes general liability, storage tank and property insurance. The FY 2013 budget includes an estimated 15% increase of the actual FY 2012 premium. Printing and Binding This represents costs associated with copies used in the preparation of agenda packages, required mailings, and other special projects. The budgeted amount for the fiscal year is based on prior year spending. The fees will be split with the Water&Sewer Fund based on the percent budgeted for each fund. Legal Advertising The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.The board will advertise for their meetings annually. The fees will be split with the Water&Sewer Fund based on the percent budgeted for each fund. Miscellaneous Services This includes monthly bank charges and any other miscellaneous expenses that may be incurred during the year. Miscellaneous-Assessment Collection Costs The District reimburses the Collier County Tax Collector for her or his necessary administrative costs. Per the Florida Statutes,administrative costs shall include, but not be limited to,those costs associated with personnel,forms,supplies, data processing, computer equipment,postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2%on the amount of special assessments collected and remitted,whichever is greater. The FY2013 budget for collection costs was based on a maximum of 2%of the anticipated assessment collections. Annual Operating and Water/Sewer Budget Fiscal Year 2013 4 PORT OF THE ISLANDS Community Improvement District General Fund Budget Narrative Fiscal Year 2013 EXPENDITURES Administrative(continued) Miscellaneous-Web Hosting The District expects to incur costs associated with Web Hosting. Office Supplies Supplies used in the preparation and binding of agenda packages,required mailings,and other special projects. Annual District Filing Fee The District is required to pay an annual fee of$175 to the Department of Community Affairs. Reid Contracts-Mgmt Services The District has contracted with Severn Trent Environmental Services to provide operating, maintenance and field management services. This contract includes a predetermined amount of R&M costs. Costs above the specified amount are recorded as'R&M-Renewal and Replacement'. Any unused R&M costs are returned to the district. Contracts-Landscape Soto's Lawn currently provides monthly landscape services to the district for a monthly fee of$6,620($79,440/year). The remainder of the budgeted expenditures is to cover any incidental landscape expenditures that the district may incur. Electricity-Streetlighting The District currently has 3 electric accounts with Lee County Cooperative for streetlights located on District Roads. Expenses are based on prior year's electric bills. The district receives a reimbursement for a portion of the decorative street lighting from Orchid Cove. Account No. Service Address 0051120000 0 Eveningstar Cay 4941120000 Newport Drive 5741120000 262 Stella Maris Utility-Irrigation The District is currently being billed by the Water/Sewer Fund of Port of the Islands CID for irrigation water for the common areas that the District is required to maintain. R&M-Renewal and Replacement Various repair and maintenance costs incurred as needed including but-not limited to the entrance,monuments and lighting. R&M-Roads&Alleyways Expenses incurred while maintaining District roadways. R&M-Signage This category includes costs for maintaining or replacing signage throughout the District. Capital Outlay Monies spent on capital improvement projects as identified by the board. Annual Operating and Water/Sewer Budget Fiscal Year 2013 5 PORT OF THE ISLANDS Community Improvement District General Fund Exhibit"A" Allocation of Fund Balances AVAILABLE FUNDS Amounk Beginning Fund Balance-Fiscal Year 2013 $ 1,295,948 Net Change in Fund Balance-Fiscal Year 2013 4,883 Reserves-Fiscal Year 2013 Additions - Total Funds Available(Estimated)-9/3012013 1,300,831 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve-First Quarter Operating Capital 103,820 t1) Subtotal 103,820 Total Allocation of Available Funds 103,820 Total Unassigned(undesignated)Cash $ 1,197,012 Notes (1)Represents approximately 3 months of operating expenditures Annual Operating and Debt Service Budget Fiscal Year 2013 6 PORT OF THE ISLANDS Community Improvement District Water And Sewer Fund Summary of Revenues,Expenses and Changes in Net Assets Fiscal Year 2013 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JUN- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2010 FY 2011 FY 2012 MAY-2012 SEP-2012 FY 2012 FY 2013 OPERATING REVENUES Interest-Investments $ 3,980 $ 6,244 $ 5,448 $ 2,192 $ 1,096 $ 3,288 $ 2,838 Water Revenue 41,656 41,379 40,000 29,887 $ 14,944 44,831 43,000 Sewer Revenue 59,903 58,819 60,000 46,296 $ 23,148 69,444 65,000 Irrigation Fees 102,220 93,829 100,000 54,840 $ 27,420 82,260 100,000 Net Inc((Deer)In FMV-Invest 11,677 4,021 - 2,757 - 2,757 - Interest-Tax Cofactor 3,271 - - - - - - Special Assmnts-Tax Collector 1,055,823 1,048,566 1,135,025 978,346 156,681 1,135,027 1,135,025 Special Assmnts-Refund (34,209) - - - - - - Special Assmnts-Delinquent 9,912 - - - 172,964 172,964 - Special Assmnts-Discounts (31,407) (29,009) (45,401) (31,316) - (31,316) (45,401) Other Miscellaneous Revenues 11,552 19,379 - 3,535 - 3,535 - TOTAL OPERATING REVENUES 1,234,378 1,243,028 1,295,072 1,086,537 396,252 1,482,789 1,300,462 OPERATING EXPENSES Personnel and Administration P/R-Board of Supervisors 6,400 5,700 7,000 4,500 2,500 7,000 7,000 FICA Taxes 490 436 536 344 191 535 536 Prof Serv-Engineering 25,531 37,564 26,000 9,438 16,562 26,000 26,000 ProfServ-Legal Services 29,076 30,200 12,500 22,677 11,339 34,016 12,500 ProfServ-Mgmt Consuking Sery 26,192 26,978 27,652 18,435 9,217 27,652 28,482 ProfServ-Property Appraiser - - 17,024 17,025 - 17,025 17,025 ProfServ-Special Assessment 7,250 7,468 7,655 7,655 - 7,655 7,885 ProfServ-Utility Billing 15,135 15,155 15,821 8,816 5,608 14,424 15,821 Auditing Services 3,568 3,750 3,750 3,500 - 3,500 3,750 Communication-Telephone 58 21 100 16 8 24 100 Postage and Freight 834 561 1,000 478 341 819 1,000 Rental-Meeting Room 600 325 300 225 100 325 350 Insurance-General LiabiUty 7,979 7,830 8,270 5,845 1,860 7,705 8,270 Printing and Binding 969 986 1,500 582 918 1,500 1,500 Legal Advertising 1,841 353 1,800 424 1,176 1,600 1,800 Miscellaneous Services 810 1,371 1,100 1,440 720 2,160 2,050 Misc-Assessmnt Collection Cost 37,904 20,371 22,701 18,941 3,760 22,701 22,701 Office Supplies 885 517 750 198 99 297 750 Depreciation Expense 253,166 308,309 - - - - - Total Personnel and Administration 418,488 467,895 155,259 120,539 54,400 174,939 157,319 Water-Sewer Comb Services Unemployment Compensation 271 - - - - - - Contracts-MgmtServices 300,698 304,000 311,599 202,647 101,324 303,971 309,533 Contracts-Other Services - 1,750 2,000 1,750 250 2,000 2,000 Communication-Teleph-Field 3,918 3,867 3,768 2,261 1,131 3,392 3,768 Utility-General 76,559 79,963 80,000 54,289 27,145 81,434 80,000 R&M-Irrigation 7,134 28,121 10,000 35,317 10,000 45,317 10,000 R&M-Water Plant 27,693 21,415 10,000 21,849 10,000 31,849 10,000 R&M-Waste Water Plant 39,203 46,609 25,000 39,654 10,000 49,654 9,866 Misc-Bad Debt 15,359 - - 2,079 - 2,079 - Annual Operating and Debt Service Budget Fiscal Year 2013 7 PORT OF THE ISLANDS Community Improvement District Water And Sewer Fund Summary of Revenues,Expenses and Changes in Net Assets Fiscal Year 2013 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JUN- PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2010 FY 2011 FY 2012 MAY-2012 SEP-2012 FY 2012 FY 2013 Misc-licenses&Permits - 4,375 4,500 4,375 - 4,375 4,500 Cap Outlay-Irrigation - - 10,000 - - - - Cap Outlay-Water Plant - - 3,697,180 2,782,721 858,948 3,641,669 50,000 Cap Outlay-Waste Water Plant - - 30,796 10,136 20,660 30,796 - Capital Reserve - - 25,000 - - - - Total Water-Sewer Comb Services 470,835 490,100 4,209,843 3,157,078 1,039,457 4,196,535 479,667 Debt Service Principal Debt Retirement - - 480,440 - - - 497,303 Interest Expense - 179,380 174,920 102,037 72,883 174,920 158,056 Cost of Issuance - - - - - - - Total Debt Service - 179,380 655,360 102,037 72,883 174,920 655,360 TOTAL OPERATING EXPENSES 889,323 1,137,375 5,020,462 3,379,654 1,166,739 4,546,393 1,292,345 Operating income(loss) 345,055 105,653 (3,725,390) (2,293,117) (770,487) (3,063,604) 8,117 OTHER FINANCING SOURCES(USES) Special Item(Gain) 106,000 - - - - - - Contribution to(Use of)Fund Balance - - - - - - - TOTAL OTHER SOURCES(USES) 106,000 - - - - - - Change In net assets 451,055 105,653 (3,725,390) (2,283,117) (770,487) (3,063,604) 8,117 TOTAL NET ASSETS,BEGINNING 7,090,496 7,541,551 7,647,204 7,647,204 - 7,647,204 4,583,600 TOTAL NET ASSETS,ENDING $7,541,551 $7,647,204.1.19_24,814...$5,254 087 $ (770,487).115.8...1_3 6 $4,591,717 Annual Operating and Debt Service Budget Fiscal Year 2013 8 PORT OF THE ISLANDS Community improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2013 REVENUES Interest-Investments The District earns interest income on their operational accounts. Water Revenue Based on prior year's budget and water consumption and anticipated use. Sewer Revenue Based on prior year's budget and waste water consumption and anticipated use. Irrigation Fees Based on prior year's budget and irrigation water consumption and anticipated use. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the debt service expenditures during the Fiscal Year. Special Assessments-Discounts Per Section 197.162,Florida Statues,discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4%of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R Board of Supervisor Salaries Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for a meeting attendance and to receive $200 per meeting plus payroll taxes. The amount for the Fiscal Year is based on 5 Board members paid for attending 14 meetings. The fees will be split evenly with the General Fund. FICA Taxes Payroll taxes for supervisor salaries are calculated as 7.65%of payroll. Professional Services-Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments. The fees for shared general maters only will be split evenly with the Water&Sewer Fund. Professional Services-Legal Services The District's Attorney provides general legal services to the District,i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.The fees will be split evenly with the General Fund. Professional Services-Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Severn Trent Management Services,Inc. Annual Operating and Water/Sewer Budget Fiscal Year 2013 9 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2013 EXPENDITURES Administrative(continued) Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The FY2013 budget for collection costs was based on 1.5% of the anticipated assessment collections. Professional Services-Special Assessment The District has contracted with Severn Trent Management Services, Inc. to levy annual assessments, update the District's tax roll,prepare estoppel letters and handle any customer service questions regarding assessments. Professional Services-Utility Billing The District sends invoices to customers for use of the utility system. This billing service, provided by Severn Trent Services, Inc., includes calculating, printing and mailing of utility bills, posting and depositing cash receipts, customer service and other related services. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The fees will be split evenly with the General Fund. Communication-Telephone Telephone and fax machine expenses. The budgeted amount for the fiscal year is based on prior year spending. The fees will be split with the General Fund based on the percent budgeted for each fund. Postage and Freight This represents actual postage and/or freight used for District mailings including agenda packages,vendor checks and other correspondence. The budgeted amount for the fiscal year is based on prior year spending. The fees will be split with the General Fund based on the percent budgeted for each fund. Rentals--Meeting Room The District is charged$50 per occurrence for the use of the meeting room at which the district's meetings are held. This fee will be split evenly with the General Fund. Insurance-General Liability The District currently has its Insurance Policy with the Florida Municipal Insurance Trust.The FY 2013 budget includes an estimated 15%increase of the actual FY 2012 premium. Printing and Binding Copies used in the preparation of agenda packages,required mailings,and other special projects. The budgeted amount for the fiscal year is based on prior year spending. The fees will be split with the General Fund based on the percent budgeted for each fund. Legal Advertising The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation. The board has chosen to advertise for their meetings annually. The fees will be split with the General Fund based on the percent budgeted for each fund. Miscellaneous Services This includes bank charges and any miscellaneous expenses that may be incurred during the year. Annual Operating and Water/Sewer Budget Fiscal Year 2013 10 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2013 EXPENDITURES Administrative(continued) Miscellaneous-Assessment Collection Cost The District reimburses the Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2%on the amount of special assessments collected and remitted,whichever is greater. The FY2013 budget for collection costs was based on a maximum of 2%of the anticipated assessment collections. Office Supplies Supplies used in the preparation and binding of agenda packages,required mailings,and other special projects. The fees will be split with the General Fund based on the percent budgeted for each fund. Field Contracts-Mgmt Services The District has contracted with Severn Trent Environmental Services to provide operating, maintenance and field management services. This contract includes a predetermined amount of R&M costs. Costs above the specified amount are recorded as'R&M-Renewal and Replacement'. Any unused R&M costs are returned to the district. Contracts-Other Services Includes contract services provided by Superior Power plus a contingency. Communication—Teleph—Field Century Link and Sprint provide communication services to the District. The following accounts are included in this line Item: Vendor Description Annual Amount Century Link Plant Land Line (239-642-9219) $3,180 Century Link Plant Fax Line (239-642-9392) 504 Sprint Automated svc to notify Bob of power failures 84 Total $3,768 Utility-General The District currently has 10 electric accounts with Lee County Cooperative for irrigation, lift stations, water and waste water plant.The estimated cost is based on prior year's average monthly electric bills and anticipated use. Account No._ Service Address Svc.Type 9741120000 25000 E.Tamiami Irrigation 1941120000 0 Port of the Islands Irrigation 3841120000 119 Newport Drive Irrigation 7841120000 Union Road Irrigation 0941120000 245 Stella Maris Drive Lift Station 1841120000 0 Newport Drive Lift Station 7624900000 160 Cays Drive Lift Station 6941120000 0 Cays Drive Lift Station 3083520000 0 Newport Drive Lift Station 3941120000 86112700 P Islands Waste Water R&M—Irrigation Repair and maintenance costs associated with the main pumps and other irrigation equipment at the plant. Annual Operating and Water/Sewer Budget Fiscal Year 2013 11 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2013 EXPENDITURES Field(continued) R&M—Water Repair and maintenance costs associated with the water plant. R&M—Waste Water Repair and maintenance costs associated with the waste water plant. Miscellaneous-Licenses&Permits Costs incurred for various licenses and permits pertaining to the water and waste water plants including an annual drinking water license and waste water regulatory fee. Capital Outlay—Water Funds spent on capital improvement projects for the water plant. • W-15 $50,000 NEW WATER METER REPLACEMENT PROGRAM TO INCLUDE BACKFLOW PREVENTION: Debt Service Principal Debt Retirement Principal payment due on Series 2010 bond. Interest Expense Interest payment due on Series 2010 bond. Annual Operating and Water/Sewer Budget Fiscal Year 2013 12 PORT OF THE ISLANDS Community Improvement District Debt Amortization Series 2010 Bond Period Coupon Debt Annual Debt Ending Principal Rate interest Service Service 11/1/2012 $79,028.23 $79,028.23 5/1/2013 $497,303.14 3.510% $79,028.23 $576,331.37 $655,359.60 11/1/2013 $70,300.56 $70,300.56 5/1/2014 $514,758.49 3.510% $70,300.56 $585,059.05 $655,359.61 11/1/2014 $61,266.55 $61,266.55 5/1/2015 $532,826.51 3.510% $61,266.55 $594,093.06 $655,359.61 11/1/2015 $51,915.45 $51,915.45 5/1/2016 $551,528.72 3.510% $51,915.45 $603,444.17 $655,359.62 11/1/2016 $42,236.12 $42,236.12 5/1/2017 $570,887.38 3.510% $42,236.12 $613,123.50 $655,359.62 11/1/2017 $32,217.04 $32,217.04 5/1/2018 $590,925.52 3.510% $32,217.04 $623,142.56 $655,359.60 11/1/2018 $21,846.30 $21,846.30 5/1/2019 $611,667.01 3.510% $21,846.30 $633,513.31 $655,359.61 11/1/2019 $11,111.55 $11,111.55 5/1/2020 $633,136.52 3.510% $11,111.55 $644,248.07 $655,359.62 Total $4,503,033.29 $739,843.60 $5,242,876.89 $5,242,876.89 Annual Operating Budget Fiscal Year 2013 13 PORT OF THE ISLANDS Community Improvement District Water Sewer Fund Exhibit 18" Allocation of Fund Balances AVAILABLE FUNDS I nt Beginning Fund Balance-Fiscal Year 2013 $ 4,583,600 Net Change in Fund Balance-Fiscal Year 2013 8,117 (1)Less:Cap Assets Net of Related Debt (4,547,734) Total Funds Available(Estimated)•9/30/2013 43,983 ALLOCATION OF AVAILABLE FUNDS Nonspendable Fund Balance Deposits 32,950 I Total Allocation of Available Funds 32,950 Total Unassigned Cash $ 11,033 Notes (1.)Capital assets less bond debt(not available to spend) Annual Operating Budget Fiscal Year 2013 14 Port of the Islands Community Improvement District Supporting Budget Schedules Fiscal Year 2013 PORT OF THE ISLANDS Community Improvement District Port of the Islands Community improvement District Non-Ad Valorem Assessment Roll FY 2012-2013 Product Maint.ERC MaintIERC W/S ERC W/S Standby W/S Capital Total per Type Allocation $ 400 Allocation I $1,124 I Product $413 $711 Hotel Room 1.00 $400 0.60 $248 $427 $1,074 Condo Unit 1.00 $400 0.80 $330 $569 $1,299 Single Family 1.00 $400 1.00 $413 $711 $1,524 Comparison FY 2012 to FY 2013 Product Total Total increase % Type FY 2013 FY 2012 (Decrease) Change Hotel Room $1,074 $1,074 ($0) 0% Condo Unit $1,299 $1,299 ($0) 0% Single Family $1,524 $1,524 ($0) 0% Annual Operating Budget Fiscal Year 2013 15 I co . m o E • ..Q c 0 wm s- El �.. r t "{q. i ri MN« o v «« N«««N«« n gR$ e N« «:_ T p .p } ' a e.•1 N.R 1�1 i }O yy yy { .'�'.$ 4. - {L it 'l .( H«« .qM« op , O O Cn GG GM hr i- 1. f N N O N n[.� V I t t LL Ma [� « N 0Na f l h u5 - op n 3 'm Z g).3. .Gal '7 a .n« aR e'er. ««« « = « g a 1, i ' . , • w � § r, c m : , N n ti < NC .O M� m yw . z� ¢ N_ N U t.42 Lit ' N i�a z a :-.z, ��^, «N a «« ««««««« 1 ««« Wa II DTs nE.,gS mite « �° = i3 %% f Y 1r' vi t9 eff LLU `�'� 70. 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