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HomeMy WebLinkAbout2025 09 09 Public Hearing 400 - Staff Presentation TLBDSpecial Assessment - TLBD Maintenance 160 Financial Summary $120 ERU $120 ERU $120 ERU $120 ERU $120 ERU $120 ERU $120 ERU $120 ERU $120 ERU $128 ERU $128 ERU $255.20 ERU FY15 Actual FY16 Actual FY17 Actual FY18 Actual FY 19 Actual FY20 Actual FY21 Actual FY22 Actual FY 23 Actual FY 24 Actual FY 25 Forecast FY26 Tentative Revenues: Charges for Services (Assessments)509,091 509,565 509,452 509,599 509,575 509,265 509,268 508,732 508,800 543,212 539,602 1,082,770 Interest / Other Earnings 3,294 3,585 2,712 6,319 11,531 9,699 765 (5,333) 8,359 22,501 800 1,800 Misc Private Contribution / Donations 3,000 Settlement Insurance Proceeds 2,400 208,089 48,423 Total Revenues 512,385 513,150 514,564 515,918 521,106 518,964 513,033 503,399 517,158 773,802 588,825 1,084,570 Expenditures Other Svcs 2,525 2,533 2,532 2,396 2,531 2,161 2,399 - 5,640 Other Svcs - Contract / Administrative 9,095 9,300 9,007 9,203 5,900 6,000 6,078 6,261 6,773 6,642 46,840 5,500 Other Svcs - Contract / Administrative Overhead 52,667 53,717 53,717 58,920 58,926 58,926 58,926 Utilities 55,646 47,823 38,439 52,053 59,016 56,539 65,851 56,062 66,194 47,264 70,340 74,340 Streetlights 231,541 217,595 228,522 230,013 230,598 228,646 228,056 230,379 200,119 249,541 243,396 243,396 R&M Infra - Stormwater Ponds (Fountain Maint)21,981 19,183 22,954 14,453 10,810 14,685 12,436 32,658 50,837 21,908 20,536 21,496 R&M Infra - Grounds 103,531 145,633 194,973 171,738 162,989 143,259 178,046 148,772 140,292 142,020 163,467 455,738 R&M Infra - Grounds Signs / Walls 9,936 14,272 11,637 4,822 232 576 345 - 458 500 125,500 Operating 25,000 Promotional / Advertising Legal - 347 Machinery & Equipment 1,494 12,880 Construction in Progress 79,149 249,984 Transfer Out (Overhead)53,560 59,638 61,900 63,124 52,739 Total Expenditures 487,814 515,976 569,964 547,801 526,309 503,957 547,159 528,194 523,133 606,255 866,869 1,015,536 Net Change in Fund Balance 24,571 (2,826) (55,400) (31,883) (5,203) 15,007 (34,126) (24,796) (5,975) 167,547 (278,044) 69,034 Fund Balance, Beginning 289,180 313,751 310,925 255,525 223,642 218,440 233,445 199,320 174,525 167,511 335,058 57,014 Fund Balance, End 313,751 310,925 255,525 223,642 218,439 233,447 199,319 174,524 168,550 335,058 57,014 126,048 ($231,128) Special Assessment - TLBD Maint 160 Assess Rate/Unit -$128 Legal Maximum -$128 $120 $120 $120 $120 $128 Unaudited Original Revised Account FY 20/21 FY 21/22 FY 22/23 FY 22/23 FY 23/24 Number Account Description Actual Actual Budget Budget Budget SOURCES 325200 Charges for Services $509,268 $508,732 $507,548 $507,548 $538,566 366000 Misc Private Donations $3,000 $0 $0 $0 $0 361100/361300 Investment $766 $5,393 $800 $800 $2,000 Total Revenues $513,034 $514,125 $508,348 $508,348 $540,566 Total Transfers $0 $0 $0 $0 $0 TOTAL SOURCES $513,034 $514,125 $508,348 $508,348 $540,566 APPLICATIONS 530340 Other Svcs $2,399 $0 $2,650 $2,650 $0 530341 Other Svcs - Contract / Admin $59,795 $59,978 $100,006 $65,006 $105,566 540430 Utilities $65,851 $56,062 $73,710 $73,710 $78,240 540434 Streetlights $228,056 $230,379 $238,368 $238,368 $243,600 545210 R&M Infra - Fountains $12,436 $32,658 $16,600 $51,000 $23,416 545270 R&M Infra - Grounds $178,622 $149,118 $178,777 $144,377 $174,948 Total Operating $547,159 $528,195 $610,111 $575,111 $625,770 Total Transfers $0 $0 $0 $0 $0 Total Capital $0 $0 $0 $0 $0 TOTAL APPLICATIONS $547,159 $528,195 $610,111 $575,111 $625,770 CHANGE IN FUND BALANCE FUND BALANCE - October 1 $233,445 $199,320 $147,098 $185,250 $118,487 Appropriation TO (FROM) Fund Balance ($34,125)($14,070)($101,763)($66,763)($85,204) FUND BALANCE - September 30 $199,320 $185,250 $45,335 $118,487 $33,283 106 Special Assessment - TLBD Maint 160 Assess Rate/Unit -$128 Legal Maximum -$128 $120 $120 $128 $128 $128 UNAUDITED Original Revised Account FY 21/22 FY 22/23 FY 23/24 FY 23/24 FY 24/25 Number Account Description Actual Actual Budget Budget Budget SOURCES 325200 Charges for Services $508,732 $508,800 $538,566 $538,566 $538,565 361100/361300 Investment ($5,333)$8,359 $2,000 $2,000 $800 Total Revenues $503,399 $517,159 $540,566 $540,566 $539,365 Total Transfers $0 $0 $0 $0 $0 TOTAL SOURCES $503,399 $517,159 $540,566 $540,566 $539,365 APPLICATIONS 530341 Other Svcs - Contract / Admin $59,978 $65,693 $105,566 $105,566 $105,766 540430 Utilities $56,062 $66,194 $78,240 $78,240 $74,340 540434 Streetlights $230,379 $200,119 $243,600 $243,600 $243,396 545210 R&M Infra - Fountains $32,658 $50,837 $23,416 $23,416 $23,416 545270 R&M Infra - Grounds $149,118 $140,292 $174,948 $174,948 $174,951 Total Operating $528,195 $523,135 $625,770 $625,770 $621,869 Total Transfers $0 $0 $0 $0 $0 Total Capital $0 $0 $0 $0 $0 TOTAL APPLICATIONS $528,195 $523,135 $625,770 $625,770 $621,869 CHANGE IN FUND BALANCE FUND BALANCE - October 1 $199,319 $174,523 $118,487 $168,547 $83,343 Appropriation TO (FROM) Fund Balance ($24,796)($5,976)($85,204)($85,204)($82,504) FUND BALANCE - September 30 $174,523 $168,547 $33,283 $83,343 $839 105 Special Assessment - TLBD Maint 160 Assess Rate/Unit -$255.20 Legal Maximum -$255.20 $120 $120 $128 $128 $255.20 Original Revised Account FY 22/23 FY 23/24 FY 24/25 FY 24/25 FY 25/26 Number Account Description Actual Actual Budget Budget Budget SOURCES 325200 Charges for Services $508,800 $543,212 $538,565 $538,565 $1,082,770 369301 Settlement Insurance Proceeds $0 $208,089 $0 $48,423 $0 361100/361300 Investment $8,359 $22,501 $800 $800 $1,800 Total Revenues $517,159 $773,802 $539,365 $587,788 $1,084,570 Total Transfers $0 $0 $0 $0 $0 TOTAL SOURCES $517,159 $773,802 $539,365 $587,788 $1,084,570 APPLICATIONS 530340 Other Svcs $0 $0 $0 $0 $5,640 530341 Other Svcs - Contract / Admin $65,693 $65,568 $105,766 $105,766 $64,426 540430 Utilities $66,194 $47,264 $74,340 $70,340 $74,340 540434 Streetlights $200,119 $249,541 $243,396 $243,396 $243,396 545210 R&M Infra - Fountains $50,837 $21,908 $23,416 $20,536 $21,496 545270 R&M Infra - Grounds $140,292 $142,478 $174,951 $163,967 $581,238 550520 Operating $0 $0 $0 $0 $25,000 555480 Promotional / Advertising $0 $347 $0 $0 $0 Total Operating $523,135 $527,106 $621,869 $604,005 $1,015,536 Total Transfers $0 $0 $0 $0 $0 560640 Machinery & Equipment $0 $0 $0 $12,880 $0 560650 Construction In Progress $0 $79,149 $0 $249,984 $0 Total Capital $0 $79,149 $0 $262,864 $0 TOTAL APPLICATIONS $523,135 $606,255 $621,869 $866,869 $1,015,536 CHANGE IN FUND BALANCE FUND BALANCE - October 1 $174,524 $168,548 $83,343 $336,095 $57,014 Appropriation TO (FROM) Fund Balance ($5,976)$167,547 ($82,504)($279,081)$69,034 FUND BALANCE - September 30 $168,548 $336,095 $839 $57,014 $126,048 103 Special Assessment - TLBD Maintenance 160 Financial Forecast - Expenditures Account Description 2026 Tentative Detail 2027 Detail 2028 Detail 2029 Detail 2030 Detail 530340 Other Svcs 5,640 5,640 5,640 5,640 5,640 Tax Collector Revenue Collection Fee 5,640 5,640 5,640 5,640 5,640 530341 Other Svcs - Contract / Administrative 5,500 5,500 5,500 6,841 6,841 NBS 5,500 5,500 5,500 6,841 6,841 530341-008 Other Svcs - Contract / Administrative Overhead 58,926 58,926 58,926 58,926 58,926 Includes Insurance, Finance Admin, UB Admin 58,926 58,926 58,926 58,926 58,926 540430 Utilities 74,340 80,766 83,189 84,852 86,549 Water - zone 3 WSB/Tuskawilla 29,280 32,969 33,958 34,638 35,330 Water - zone 3 Sem Co-Deer Rn, Howell Crk 660 743 765 781 796 Water - zone 4 incr 10,200 11,485 11,830 12,066 12,308 Duke Energy Monument lights 34,200 35,568 36,635 37,368 38,115 540434 Streetlights 243,396 245,830 248,288 250,771 253,279 Duke Streetlights - TLBD Accounts Decorative Poles/Fixtures 243,396 245,830 248,288 250,771 253,279 545210-001 R&M Infra - Stormwater Ponds (Fountain Maintenance)21,496 21,496 21,794 71,794 22,097 Fountain Maint. (2 fountains)14,880 14,880 15,178 15,178 15,481 Pump repairs 1,560 1,560 1,560 1,560 1,560 Additional fountain repairs, ie bulbs, wiring 5,056 5,056 5,056 5,056 5,056 Resurface Fountains 50,000 545270 R&M Infra - Grounds 455,735 506,735 468,515 512,378 288,328 Replacement Plantings 19,304 19,304 19,304 19,304 19,304 Tree Services -Triming, Removal, Stump Grinding etc.14,000 14,000 14,000 14,000 14,000 Landscape Irrigation Repairs 5,000 5,000 5,000 5,000 5,000 Annual Mulching - mini pine bark 34,650 34,650 34,650 34,650 34,650 Monthly Landscape Maint. - Contract ( Nature's Care)92,669 92,669 95,449 98,312 101,262 Seasonal Flower rotation 7,632 7,632 7,632 7,632 7,632 Irrigation Monthly Inspections 6,480 6,480 6,480 6,480 6,480 Fungicide (FY 27)19,000 19,000 Fertilizer (FY 27)32,000 32,000 Releveling Mulch (x5yrs - FY 28)10,000 Median Landscape Replacement Plan 1 of 4 Years 276,000 276,000 276,000 276,000 100,000 545270-004 R&M Infra - Grounds Signs / Walls 125,500 125,500 125,500 125,500 Flags for TLBD Entrance 500 500 500 500 Sign Entrance Renovation 1 of 4 years 125,000 125,000 125,000 125,000 550520 Operating 25,000 25,000 Streetsign/Lamppost Refresh 1 of 2 years 25,000 25,000 - - Total 1,015,533 1,075,392 1,017,351 1,116,702 721,660 Estimated Cash Balance Needed for 25% of Operating 253,883 268,848 254,338 279,176 180,415 Special Assessment - TLBD Maintenance 160 Financial Summary $255.20 ERU $128 ERU FY26 Tentative Revenues: Charges for Services (Assessments)1,082,770 537,703 Interest / Other Earnings 1,800 1,800 Total Revenues 1,084,570 539,503 Expenditures Other Svcs 5,640 5,640 Other Svcs - Contract / Administrative 5,500 5,500 Other Svcs - Contract / Administrative Overhead 58,926 58,926 Utilities 74,340 74,340 Streetlights 243,396 243,396 R&M Infra - Stormwater Ponds (Fountain Maint)21,496 21,496 R&M Infra - Grounds 455,738 179,738 R&M Infra - Grounds Signs / Walls 125,500 500 Operating 25,000 - Total Expenditures 1,015,536 589,536 Net Change in Fund Balance 69,034 (50,033) Fund Balance, Beginning 57,014 57,014 Fund Balance, End 126,048 6,982 Estimated Cash Balance Needed for 25% of Operating 253,884 147,384