Capron Trail Community Development District

Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
CAPRON TRAIL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	
FISCAL YEAR 2017/2018
BUDGET	
O & M ASSESSMENTS	324,944	
OTHER INCOME	14,485	
INTEREST INCOME	360	
		
TOTAL REVENUES	$	339,789	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	0	
FICA TAXES	0	
ENGINEERING	17,000	
MANAGEMENT FEES	24,000	
LEGAL FEES	4,000	
AUDIT FEES	5,200	
INSURANCE - LIABILITY	6,350	
LEGAL ADVERTISING	1,100	
POSTAGE AND DELIVERY	300	
OFFICE SUPPLIES/MISCELLANEOUS	1,000	
DUES & SUBSCRIPTIONS	175	
WEBSITE MANAGEMENT	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	60,625	
		
MAINTENANCE EXPENDITURES		
MOWING	35,000	
FUEL & OIL	65,630	
AQUATIC MAINTENANCE	40,000	
OPERATIONS MANAGEMENT	37,000	
ROADWAYS & CULVERTS	10,000	
CANAL REPAIR & MAINTENANCE	15,000	
RESERVOIR REPAIR & MAINTENANCE	29,380	
DRAINAGE ENGINE/PUMP REPAIR & MAINTENANCE	55,000	
INSURANCE - MAINTENANCE	2,500	
MISCELLANEOUS MAINTENANCE	2,500	
TOTAL MAINTENANCE EXPENDITURES	292,010	
		
TOTAL EXPENDITURES	$	352,635	
		
REVENUES LESS EXPENDITURES	$	(12,846)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(13,577)	
DISCOUNTS FOR EARLY PAYMENTS	(13,577)	
		
EXCESS/ (SHORTFALL)	$	(40,000)	
		
CARRYOVER FROM PRIOR YEAR	40,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

8/31/2017  1:21 PM	I

DETAILED FINAL BUDGET
CAPRON TRAIL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	
FISCAL YEAR 2015/2016
ACTUAL	
FISCAL YEAR 2016/2017
BUDGET	
FISCAL YEAR 2017/2018
BUDGET	

COMMENTS	
O & M ASSESSMENTS	487,467	466,629	324,944	Expenditures Less Interest, Other Income & Carryover/.92	
OTHER INCOME	66,727	20,800	14,485	Baer LLC: 241.41 Acres X 60.00 = 14,485	
INTEREST INCOME	379	360	360	Interest Projected At $30.00 Per Month	
					
TOTAL REVENUES	$	554,573	$	487,789	$	339,789		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	0	0	0	No Change From 2016/2017 Budget	
FICA TAXES	0	0	0	No Change From 2016/2017 Budget	
ENGINEERING	13,880	17,500	17,000	$500 Decrease From 2016/2017 Budget	
MANAGEMENT FEES	24,000	24,000	24,000	$2,000 Per Month	
LEGAL FEES	6,850	4,000	4,000	No Change From 2016/2017 Budget	
AUDIT FEES	5,000	5,100	5,200	$100 Increase From 2016/2017 Budget	
INSURANCE - LIABILITY	5,665	6,300	6,350	Insurance Estimate	
LEGAL ADVERTISING	446	1,150	1,100	$50 Decrease From 2016/2017 Budget	
POSTAGE AND DELIVERY	122	300	300	No Change From 2016/2017 Budget	
OFFICE SUPPLIES/MISCELLANEOUS	835	1,000	1,000	No Change From 2016/2017 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2016/2017 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2016/2017 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	58,473	61,025	60,625		
					
MAINTENANCE EXPENDITURES					
MOWING	36,538	30,000	35,000	$5,000 Increase From 2016/2017 Budget	
FUEL & OIL	74,216	95,000	65,630	FY 16/17 Expenditures As Of 6-30-17 Were $39,328	
AQUATIC MAINTENANCE	38,458	45,000	40,000	$5,000 Decrease From 2016/2017 Budget	
OPERATIONS MANAGEMENT	29,003	30,000	37,000	$7,000 Increase From 2016/2017 Budget	
ROADWAYS & CULVERTS	6,228	25,000	10,000	FY 16/17 Expenditures As Of 6-30-17 Were $5,832	
CANAL REPAIR & MAINTENANCE	16,237	15,000	15,000	No Change From 2016/2017 Budget	
RESERVOIR REPAIR & MAINTENANCE	75,825	75,000	29,380	FY 16/17 Expenditures As Of 6-30-17 Were $5,438	
DRAINAGE ENGINE/PUMP REPAIR & MAINTENANCE	124,913	67,770	55,000	FY 16/17 Expenditures As Of 6-30-17 Were $42,193	
INSURANCE - MAINTENANCE	0	2,500	2,500	No Change From 2016/2017 Budget	
MISCELLANEOUS MAINTENANCE	146	2,500	2,500	No Change From 2016/2017 Budget	
TOTAL MAINTENANCE EXPENDITURES	401,564	387,770	292,010		
					
TOTAL EXPENDITURES	$	460,037	$	448,795	$	352,635		
					
REVENUES LESS EXPENDITURES	$	94,536	$	38,994	$	(12,846)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(16,195)	(19,497)	(13,577)	Four Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(16,671)	(19,497)	(13,577)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	61,670	$	-	$	(40,000)		
					
CARRYOVER FROM PRIOR YEAR	0	0	40,000	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	61,670	$	-	$	-		

8/31/2017 1:21 PM	II

Capron Trail Community Development District Assessment Comparison

O & M

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2014/2015	2015/2016	2016/2017	2017/2018	
Assessment	Assessment	Assessment	Projected Assessment	
 	Per Unit		 	Per Unit		 	Per Unit		 	Per Unit		

$	60.00	$

90.00	$

86.16	$

60.00

 	Loan Debt	

  $	-	

  $	-	

  $	-	

   $	-	

Total

$	60.00	$

90.00	$

86.16	$

60.00

* Assessments Include the Following :	 4% Discount for Early Payments
2% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:		 Units (One Unit = 1 Acre)	5,657.57
Includes Baer LLC Acres (241.41)

8/31/2017 1:21 PM	III