KEY MARCO
Community Development District

Annual Operating Budget
Fiscal Year 2019

Version 1 - Adopted Budget - 08/16/18

KEY MARCO

Community Development District

Table of Contents

   Page # 
OPERATING BUDGET

General Fund
Summary of Revenues, Expenditures and Changes in Fund Balances	1 - 2
Exhibit A - Allocation of Fund Balances ………………………………………………………………….	3
SUPPORTING BUDGET SCHEDULES
2018-2019 Non-Ad Valorem Assessment Summary ………………………………………………………..	4

Key Marco
Community Development District

Operating Budget
Fiscal Year 2019

KEY MARCO

Community Development District	General Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2019 Adopted Budget

	ADOPTED	ACTUAL	PROJECTED	TOTAL	ANNUAL	
ACTUAL	ACTUAL	BUDGET	THRU	JUL-	PROJECTED	BUDGET	
ACCOUNT DESCRIPTION	FY 2016	FY 2017	FY 2018	JUN-2018	SEP-2018	FY 2018	FY 2019	
REVENUES							
Interest - Investments Income	$	3,244	$	8,336	$	-	$	11,036	$	3,837	$	14,873	$	8,000	
Interest - Tax Collector Investments	-	-	4,000	31	-	31	-	
Non-Ad Valorem Assessments	623,464	586,260	629,800	603,049	-	603,049	629,800	
Non-Ad Valorem Assessments Discounts	-	-	(25,000)	94	-	94	(25,192)	
Revenue Carry Forward	-	-	347,245	-	-	-	-	
Hurricane Irma FEMA Refund Estimate	-	-	-	-	-	-	TBD	
Hurricane Irma Insurance Claim Payout	-	-	-	70,024	-	70,024	-	
Miscellaneous Revenues	5,129	288	100	466	-	466	-	
TOTAL REVENUES	631,838	594,884	956,145	684,700	3,837	688,537	612,608	
EXPENDITURES
Administrative
Board of Supervisor Fees	5,015	4,800	4,000	5,800	3,800	9,600	9,600	
FICA Taxes	31	-	500	306	291	597	734	
ProfServ-Mgmt Consulting Service	54,080	31,283	80,000	58,750	21,250	80,000	72,000	
Transcript Cost	1,180	1,710	1,000	1,215	405	1,620	2,400	
Auditing Services	4,850	4,875	5,000	4,925	-	4,925	5,000	
Accounting Services	15,000	10,450	7,200	9,625	3,538	13,163	14,150	
ProfServ-Special Assessment	1,000	1,000	1,000	1,000	-	1,000	1,000	
ProfServ-Property Appraiser	9,648	9,648	9,045	9,045	-	9,045	9,447	
ProfServ-Tax Collector	12,469	11,725	13,000	8,693	-	8,693	12,596	
ProfServ-Legal Services	18,420	40,754	25,000	19,718	6,573	26,291	25,000	
ProfServ-Engineering	-	12,500	2,000	-	2,000	2,000	5,000	
Postage	289	433	400	233	78	311	150	
Rentals & Leases	-	676	-	225	75	300	-	
Computer Support	811	1,149	600	593	198	791	600	
Insurance - General Liability	33,272	27,230	31,000	27,205	-	27,205	29,926	
Legal Advertising	2,584	4,421	2,000	1,852	148	2,000	4,000	
Storage - Robert Flinn	-	-	-	-	-	-	300	
Office Supplies	519	490	400	476	159	635	500	
Dues, Licenses, Subscriptions	200	175	200	265	88	353	275	
Miscellaneous Expense / Bank Charges	799	660	500	561	187	748	750	
Total Administrative	205,682	221,377	182,845	150,487	38,788	189,275	193,428	
Maintenance and Landscaping
Contractual Services	131,903	139,105	134,000	147,696	49,232	196,928	140,000	
R&M-Trees and Trimming	47,320	7,680	25,000	23,558	7,853	31,411	15,000	
Plant Replacement Program	8,667	10,899	20,000	7,786	2,595	10,381	10,000	
Exotic Maintenance	599	-	13,000	116	39	155	13,000	
Flower Program	-	2,817	5,000	1,825	608	2,433	5,000	
Mulch Program	11,032	1,260	15,000	9,506	1,000	10,506	9,000	
Total Maintenance and Landscaping	199,520	165,159	212,000	190,487	61,327	251,814	192,000	
Irrigation Services
Contractual Services	-	9,770	6,100	1,451	484	1,935	6,100	
Utility-Water	14,959	18,263	15,000	15,086	5,029	20,115	15,000	
Land Lease	28,083	30,636	31,000	22,977	8,023	31,000	31,000	
Utilities-Electric	5,470	4,377	5,000	1,605	535	2,140	5,000	
Repairs & Maintenance	14,841	12,349	15,000	15,259	5,086	20,345	20,000	
Total Irrigation Services	63,353	75,395	72,100	56,378	19,157	75,535	77,100	

Annual Operating Budget Fiscal Year 2019

Page 1

KEY MARCO

Community Development District	General Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2019 Adopted Budget

		ADOPTED	ACTUAL	PROJECTED	TOTAL	ANNUAL	
ACTUAL	ACTUAL	BUDGET	THRU	JUL-	PROJECTED	BUDGET	
ACCOUNT DESCRIPTION	FY 2016	FY 2017	FY 2018	JUN-2018	SEP-2018	FY 2018	FY 2019	

Capital Expenditures & Projects							
Street Light Project	-	-	-	5,000	-	5,000	-	
Bridge Repair	-	-	-	15,124	-	15,124	-	
Cap Outlay-Roads	-	1,865	230,000	20,925	-	20,925	50,000	
Total Capital Expenditures & Projects	-	1,865	230,000	41,049	-	41,049	50,000	
Lighting								
Utilities-Electric	15,252	17,562	15,000	17,230	5,743	22,973	24,000	
R&M General	19,881	4,596	14,000	1,388	463	1,851	6,000	
Misc-Holiday Lighting	4,485	1,345	3,000	1,750	-	1,750	3,000	
Total Lighting	39,618	37,563	32,000	20,368	6,206	26,574	33,000	
Access Control								
Contractual Services	77,624	83,448	84,000	62,540	21,460	84,000	86,520	
Utilities-Electric	4,414	6,117	10,000	8,637	2,879	11,516	10,000	
R&M Gate	4,456	6,809	5,000	5,465	1,822	7,287	3,580	
R&M Gatehouse	20,438	10,350	8,000	6,864	1,136	8,000	5,000	
Op Supplies - General	-	129	1,200	297	99	396	250	
Capital Outlay	-	-	-	10,000	-	10,000	-	
Total Access Control	106,931	106,853	108,200	93,803	27,396	121,199	105,350	
Roadway Services
Repairs & Maintenance	-	

-	

-	

1,761	

587	

2,348	

-	
Total Roadway Services	-	-	-	1,761	587	2,348	-	
Hurricane Irma Expenses
Misc-FEMA Expenses	-	
41,052	
-	
147,911	
11,000	
158,911	
-	
Total Hurricane Irma Expenses	-	41,052	-	147,911	11,000	158,911	-	
							
TOTAL EXPENDITURES	615,105	649,264	837,145	702,244	164,461	866,705	650,878	

Excess (deficiency) of revenues
Over (under) expenditures	16,733	

(54,380)	

119,000	

(17,544)	

(160,624)	

(178,168)	

(38,270)	

Net change in fund balance	16,733	
(50,530)	
119,000	
(17,544)	
(160,624)	
(178,168)	
(38,270)	
FUND BALANCE, BEGINNING	844,120	860,853	810,323	810,323	-	810,323	632,155	
FUND BALANCE, ENDING	$	860,853	$	810,323	$ 929,323	$	792,779	$ (160,624)	$	632,155	$	593,885	

Annual Operating Budget Fiscal Year 2019

Page 2

KEY MARCO

Community Development District	General Fund

Exhibit "A"
Allocation of Fund Balances

AVAILABLE FUNDS

Beginning Fund Balance - Fiscal Year 2019

Amount

$	593,885

Total Funds Available (Estimated) - 9/30/2019	555,615

Net Change in Fund Balance - Fiscal Year 2019	(38,270) Reserves - Fiscal Year 2019 Additions		-

ALLOCATION OF AVAILABLE FUNDS

Assigned Fund Balance

Operating Reserve - First Quarter Operating Capital		162,719	
	Subtotal	162,719	
			
Total Allocation of Available Funds		162,719	
			
Total Unassigned (undesignated) Cash		$	392,896	

Annual Operating Budget Fiscal Year 2019

Page 3

Key Marco
Community Development District

Supporting Budget Schedules
Fiscal Year 2019

KEY MARCO

Community Development District	All Funds

Comparison of Assessment Rates Fiscal Year 2019 vs. Fiscal Year 2018

	General Fund 001		Total	
	FY 2019	FY 2018	Percent
Change		Units	
	
$4,700.00	$4,700.00	0.0%		
134	

Annual Operating Budget Fiscal Year 2019
Page 4