FISCAL YEAR 2017

ADOPTED BUDGET

August 12, 2016

Dunes

Community Development District

TABLE OF CONTENTS

General Fund

Budget	Page 1-2

Water and Sewer Fund

Budget	Page 3-5

Bridge Fund

Budget	Page 6-7

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Community Development District												General Fund		
																
				Actuals		Adopted		Actual		Projected		Total		Adopted		
				thru		Budget		Thru		Next		Projected		Budget		
Expense Code	Description	9/30/2015		FY 2016	6/30/2016		3 Months	9/30/2016		FY 2017		
REVENUES															
001.300.31900.10000	Maintenance Assessments	$194,442	$167,000	$166,719	$281	$167,000	$167,000		
001.300.36100.11000	Interest Income	$724	$0	$647	$75	$722	$0		
		Carryforward Surplus	$120,404	$0	$0	$0	$0	$46,691		
001.300.38100.10000	Transfer from Water & Sewer Fund Surplus Account	$0	$80,000	$80,000	$0	$80,000	$80,000		
001.300.38100.10000	Transfer from Bridge Fund Surplus Account	$0	$93,000	$93,000	$0	$93,000	$93,000		
																
	TOTAL REVENUES			$315,570		$340,000		$340,366		$356		$340,722		$386,691		
EXPENDITURES															
	Administrative															
001.310.51300.11000	Supervisor Fees	$12,200	$14,000	$8,200	$3,000	$11,200	$14,000		
001.310.51300.21000	FICA Expense	$933	$1,071	$627	$230	$857	$1,071		
001.310.51300.31100	Engineering	$0	$5,000	$0	$2,500	$2,500	$5,000		
001.310.51300.31500	Attorney	$5,151	$10,000	$3,876	$1,292	$5,168	$10,000		
001.310.51300.32000	Collection Fees, Uncollectable & Early Payment Discount	$3,801	$12,000	$8,716	$6	$8,721	$12,000		
001.310.51300.32200	Annual Audit	$3,900	$4,000	$4,000	$0	$4,000	$4,000		
001.310.51300.34000	Management Fees	$10,000	$10,000	$7,500	$2,500	$10,000	$10,000		
001.310.51300.35100	Computer Time	$1,005	$1,000	$750	$250	$1,000	$1,000		
001.310.51300.40000	Travel Expenses	$858	$2,400	$1,480	$0	$1,480	$2,400		
001.310.51300.42000	Postage & Express Mail	$2,793	$2,750	$1,916	$639	$2,555	$3,000		
001.310.51300.42500	Printing	$1,966	$2,000	$983	$328	$1,311	$2,000		
001.310.51300.45000	Insurance	$10,447	$12,000	$10,754	$0	$10,754	$12,000		
001.310.51300.48000	Advertising Legal & Other	$628	$1,500	$264	$88	$352	$1,500		
001.310.51300.49000	Bank Charges	$403	$500	$298	$99	$397	$500		
001.310.51300.49100	Contingencies	$2,486	$4,000	$0	$0	$0	$4,000		
001.310.51300.51000	Office Supplies	$311	$2,000	$226	$75	$302	$2,000		
001.310.51300.54000	Dues (FSDA), Licenses & Subscriptions	$900	$2,500	$175	$0	$175	$2,000		
001.320.53800.12000	Salaries	$87,341	$89,585	$73,378	$22,498	$95,876	$103,814		
001.320.53800.21000	FICA Taxes	$7,440	$7,676	$6,353	$1,721	$8,074	$8,895		
001.320.53800.22000	Pension Expense	$5,240	$5,375	$4,374	$1,506	$5,879	$6,229		
001.320.53800.23000	Health Insurance Benefits	$7,004	$8,903	$6,619	$2,213	$8,832	$14,382		
001.320.53800.24000	Workers Comp Insurance	$1,353	$1,440	$1,260	$0	$1,260	$1,600		
001.320.53800.64000	Capital Improvements (See Capital Improvements List)	$10,842	$15,000	$8,230	$6,770	$15,000	$17,000		
											
	Administrative			$177,003		$214,700		$149,979		$45,714		$195,693		$238,391		
	(Less Contribution from Transfer, Surplus and Interest)		($92,000)		($115,000)								($138,691)		
	Total Administrative Raised From Assessment		$85,003		$99,700								$99,700		

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Community Development District																General Fund		
																			
				Actuals			Adopted			Actual		Projected		Total		Adopted		
				thru			Budget			Thru		Next		Projected		Budget		
Expense Code	Description	9/30/2015				FY 2016	6/30/2016		3 Months	9/30/2016		FY 2017		
General & Stormwater System Maintenance																		
001.320.53800.43000	Electric (7 Aerators)	$14,488		$15,000	$9,547	$3,182	$12,729	$15,000		
001.320.53800.46000	Building Maintenance	$12,284		$12,000	$9,642	$3,214	$12,856	$15,000		
001.320.53800.46200	Landscaping	$23,580		$24,000	$14,714	$7,200	$21,914	$24,000		
001.320.53800.46300	Tree & Shrub Removal	$850		$10,000	$2,425	$808	$3,233	$10,000		
001.320.53800.46500	Lake Maintenance	$38,247		$26,000	$6,105	$2,035	$8,140	$26,000		
001.320.53800.46700	Storm Drain System Maintenance	$1,550		$20,000	$35,918	$0	$35,918	$40,000		
001.320.53800.49300	Repair and Replacement Equipment	$602		$5,000	$0	$0	$0	$5,000		
001.320.53800.49200	Repair and Replacement Floating Aerators	$6,257		$10,300	$6,419	$2,140	$8,559	$10,300		
001.320.53800.52100	Grass Carp	$0		$3,000	$0	$0	$0	$3,000		
												
General & Stormwater System Maintenance		$97,857			$125,300			$84,770		$18,579		$103,349		$148,300		
(Less Contribution from Transfer, Surplus and Interest)		($43,000)			($58,000)									($81,000)		
General & Stormwater System Maintenance From Assessment	$54,857		$67,300									$67,300		
									
TOTAL EXPENDITURES		$274,860			$340,000		$234,748		$64,294		$299,042		$386,691		
														
TOTAL EXPENDITURES RAISED FROM ASSESSMENT	$139,860		$167,000									$167,000		
																
FUND BALANCE			$40,710			$0		$105,618		($63,938)		$41,680		$0		

BUDGET HIGHLIGHTS FY 2017

1.	Assessments will be increased slightly from last years level even with funds coming from transfers from W & S Fund, Bridge Fund and Surplus.

2.	Payroll includes an average 3% increase over FY 2016 Budget.

3.	See Capital Improvements List.

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Community Development District										Water and Sewer Fund		
															
			Actuals		Amended		Actual		Projected		Total		Adopted		
			thru		Budget		Thru		Next		Projected		Budget		
Expense Code	Description	9/30/2015		FY 2016	6/30/2016		3 Months	9/30/2016		FY 2017		
OPERATING REVENUES															
041.300.34300.30000	Water Revenue	$1,312,688	$1,129,992	$915,403	$313,000	$1,228,403	$994,666		
041.300.34300.50000	Sewer Revenue	$1,054,443	$986,960	$747,100	$310,000	$1,057,100	$882,985		
041.300.34300.76000	Irrigation/Effluent	$1,302,398	$1,133,853	$929,335	$343,500	$1,272,835	$1,096,489		
041.300.34300.10000	Meter Fees	$34,740	$8,000	$25,422	$0	$25,422	$20,000		
041.300.34300.10100	Connection Fees - W, S & I (8 units)	$43,000	$36,000	$44,000	$0	$44,000	$36,000		
041.300.36900.10000	CPC Effluent Agreement	$30	$40	$0	$40	$40	$40		
041.300.34900.10200	Backflow Preventor/Misc.	$1,645	$100	$1,120	$0	$1,120	$100		
041.300.33700.30000	Grant Income	$691,690	$0	$0	$0	$0	$0		
041.300.36900.10000	Misc. Income / Penalty	$12,139	$3,000	$15,190	$0	$15,190	$15,000		
															
TOTAL REVENUES		$4,452,773	$3,297,945	$2,677,571	$966,540	$3,644,111	$3,045,280		
OPERATING EXPENSES															
Administrative	Engineering Transfer 3/11/16 $25,000 Resolution 2016-01											$50,000		
041.310.51300.31100		$4,800	$50,000	$24,730	$18,900	$43,630			
041.310.51300.31500	Attorney	$22,385	$25,000	$18,931	$6,310	$25,241	$35,000		
041.310.51300.32200	Annual Audit	$8,775	$9,000	$9,000	$0	$9,000	$9,000		
041.310.51300.34000	Management Fees	$19,000	$19,000	$14,250	$4,750	$19,000	$19,000		
041.310.51300.40000	Travel Expenses	$13,492	$15,000	$8,704	$2,901	$11,605	$15,000		
041.310.51300.42000	Postage & Express Mail	$4,384	$6,000	$3,296	$1,099	$4,395	$6,000		
041.310.51300.42500	Printing & Mailing Utility Bills	$15,383	$17,500	$12,107	$4,036	$16,142	$17,500		
041.310.51300.48000	Advertising Legal & Other	$417	$2,500	$2,793	$931	$3,724	$2,500		
041.310.51300.49000	Bank Charges	$9,424	$9,000	$7,333	$2,444	$9,778	$9,000		
041.310.51300.49100	Contingencies	$20,567	$20,000	$11,589	$3,863	$15,452	$20,000		
041.310.51300.51000	Office Supplies and Equipment	$10,900	$15,000	$7,914	$2,638	$10,552	$15,000		
041.310.51300.54000	Dues, Licenses & Subscriptions	$5,442	$6,000	$3,799	$1,266	$5,066	$6,000		
041.310.51300.54200	Permits Fees WTP & WWTP	$6,500	$15,000	$4,600	$10,400	$15,000	$15,000		
041.310.51300.55000	Land Leases & Easement Fees	$10,632	$12,000	$0	$12,000	$12,000	$12,000		
041.310.53600.12000	Salaries Including Overtime	$637,776	$669,633	$501,149	$146,799	$647,948	$707,093		
041.310.53600.21000	FICA Taxes	$53,956	$57,232	$43,781	$11,230	$55,011	$59,017		
041.310.53600.22000	Pension Plan	$37,456	$39,249	$27,999	$8,048	$36,047	$32,183		
041.310.53600.23000	Insurance Benefits (Medical)	$125,438	$134,400	$95,579	$28,829	$124,407	$172,781		
041.310.53600.24000	Workers Compensation Insurance	$11,067	$14,400	$12,601	$0	$12,601	$14,400		
041.310.53600.25000	Unemployment Benefits	$0	$5,000	$1,624	$4,872	$6,496	$5,000		
041.310.53600.32480	Bad Debt Expense	$103	$0	$0	$0	$0	$0		
041.310.53600.41000	Telephone	$16,350	$17,000	$14,096	$4,957	$19,053	$17,000		
041.310.53600.44000	Equipment Rentals & Leases	$5,574	$4,000	$2,346	$813	$3,159	$4,000		
041.310.53600.45000	Insurance	$71,216	$78,000	$70,085	$0	$70,085	$78,000		
041.310.53600.46100	Repair and Maintenance for Vehicles	$14,896	$8,000	$2,787	$1,200	$3,987	$8,000		
041.310.53600.52000	Supplies/Equipment General	$2,034	$4,000	$2,131	$459	$2,590	$4,000		
041.310.53600.52055	Uniforms/Supplies/Services	$3,358	$7,000	$8,908	$0	$8,908	$7,000		
041.310.53600.52100	Fuel for Vehicles	$6,530	$8,000	$4,088	$1,590	$5,678	$8,000		
041.310.53600.52000	Tools	$2,691	$3,000	$3,437	$666	$4,103	$3,000		
041.310.53600.54100	Training & Education	$5,363	$8,000	$2,586	$1,687	$4,273	$8,000		
										
Administrative			$1,145,910		$1,277,914		$922,243		$282,689		$1,204,932		$1,358,474		

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Community Development District										Water and Sewer Fund		
															
			Actuals		Amended		Actual		Projected		Total		Adopted		
			thru		Budget		Thru		Next		Projected		Budget		
Expense Code	Description	9/30/2015		FY 2016	6/30/2016		3 Months	9/30/2016		FY 2017		
Water System															
041.320.53600.34800	Water Quality Testing	$12,730	$20,000	$9,410	$3,137	$12,546	$20,000		
041.320.53600.43000	Electric	$102,047	$90,000	$77,265	$25,755	$103,020	$100,000		
041.320.53600.43100	Bulk Water Purchases	$39,342	$10,000	$36,232	$12,077	$48,310	$20,000		
041.320.53600.44000	Equipment Rentals & Leases	$392	$1,000	$0	$0	$0	$1,000		
041.320.53600.46000	Plant Maintenance Repair and Equipment	$76,348	$65,000	$39,565	$13,188	$52,753	$65,000		
041.320.53600.46050	Distribution System Maintenance Repair and Equipment	$19,198	$20,000	$18,770	$6,257	$25,027	$20,000		
041.320.53600.52000	Plant Operating Supplies	$14,253	$15,000	$10,141	$3,380	$13,522	$15,000		
041.320.53600.52200	Chlorine & Other Chemicals	$128,607	$160,000	$116,755	$38,918	$155,674	$160,000		
041.320.53600.61000	Meters New & Replacement	$8,866	$15,000	$6,081	$2,027	$8,108	$15,000		
									
Water System			$401,783		$396,000		$314,219		$104,740		$418,959		$416,000		
Sewer System															
041.330.53600.34800	Water Quality Testing	$10,199	$20,000	$7,927	$2,642	$10,569	$20,000		
041.330.53600.34900	Sludge Disposal	$26,538	$15,000	$9,572	$3,191	$12,763	$15,000		
041.330.53600.43000	Electric	$44,302	$45,000	$36,916	$12,305	$49,221	$50,000		
041.330.53600.44000	Equipment Rentals & Leases	$343	$3,000	$0	$0	$0	$3,000		
041.330.53600.46000	Plant Maintenance Repair and Equipment	$53,356	$50,000	$43,464	$14,488	$57,952	$50,000		
041.330.53600.46050	Collection System Maintenance Repair and Equipment	$1,948	$20,000	($553)	$0	($553)	$20,000		
041.330.53600.46075	Lift Station Repair and Maintenance	$56,652	$35,000	$23,860	$7,953	$31,813	$35,000		
041.330.53600.52000	Plant Operating Supplies	$8,549	$15,000	$9,556	$3,185	$12,741	$15,000		
041.330.53600.52200	Chlorine & Other Chemicals	$15,679	$35,000	$22,146	$7,382	$29,528	$35,000		
									
Sewer System			$217,565		$238,000		$152,887		$51,147		$204,034		$243,000		
Irrigation System															
041.340.53600.34800	Water Quality Testing	$0	$5,000	$0	$2,500	$2,500	$5,000		
041.340.53600.43000	Electric	$38,764	$36,000	$29,640	$9,880	$39,519	$36,000		
041.340.53600.43300	Effluent (Reclaimed Water) Purchases	$142,674	$135,000	$104,242	$34,747	$138,990	$135,000		
041.340.53600.44000	Equipment Rentals & Leases	$343	$1,000	$0	$0	$0	$1,000		
041.340.53600.46000	Plant Maintenance Repair and Equipment	$26,746	$40,000	$24,043	$8,014	$32,057	$40,000		
041.340.53600.46050	Distribution System Maintenance Repair and Equipment	$13,349	$20,000	$9,668	$3,223	$12,891	$20,000		
041.340.53600.61000	Meters New & Replacement	$2,447	$10,000	$5,802	$1,934	$7,736	$10,000		
									
Irrigation System			$224,322		$247,000		$173,394		$60,298		$233,693		$247,000		

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Community Development District										Water and Sewer Fund		
															
			Actuals		Amended		Actual		Projected		Total		Adopted		
			thru		Budget		Thru		Next		Projected		Budget		
Expense Code	Description	9/30/2015		FY 2016	6/30/2016		3 Months	9/30/2016		FY 2017		
Contribution to Reserves & General Fund														
041.310.51300.63100	Renewal and Replacement	$70,761	$200,000	$132,490	$67,510	$200,000	$200,000		
								
Contribution to Reserves	$70,761	$200,000		$132,490		$67,510		$200,000		$200,000		
								
TOTAL OPERATING EXPENSES		$2,060,340		$2,358,914		$1,695,234		$566,384		$2,261,618		$2,464,474		
Non-Operating Revenue (Expenses)											($28,000)		
041.300.22300.10000	Connection Fees - (W/S paid to HDOA)	$0	$0	$0	$0	$0			
041.300.36900.10200	Non Operating Revenue - from W&S Surplus Account	$0	$0	$0	$0	$0	$2,636,604		
041.300.33700.30000	Grant Income	$691,690	$0	$0	$0	$0	$0		
041.300.36100.10000	Interest Income	$25,373	$20,000	$31,801	$12,000	$43,801	$40,000		
041.310.51300.64000	Capital Improvements (See Capital Improvements List)	($22,251)	($849,000)	($152,831)	($696,169)	($849,000)	($3,149,410)		
041.310.51300.64001	Contribution to Capital Facilities Reserves	$0	$0	$0	$0	$0	$0		
041.300.58100.10000	Contribution to General Fund	($65,000)	($80,000)	($80,000)	$0	($80,000)	($80,000)		
								
Non-Operating Revenue (Expenses)		$629,813		($909,000)		($201,030)		($684,169)		($885,199)		($580,806)		
															
NET INCOME			$3,022,245		$30,031		$781,307		($284,013)		$497,294		$0		

BUDGET HIGHLIGHTS FY 2017

1.	Payroll includes an average 3 % increase over FY 2016 Budget.

2.	See Capital Improvements List.

3.Transfer $80,000 from W & S Fund Suprlus to General Fund per Opinion of Counsel and Grau's letter.

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Community Development District												Bridge Fund		
															
			Actuals		Adopted		Actual		Projected		Total		Adopted		
			thru		Budget		Thru		Next		Projected		Budget		
Expense Code	Description	9/30/2015		FY 2016	6/30/2016		3 Months	9/30/2016		FY 2017		
OPERATING REVENUES															
042.300.34900.10000	Toll Collections	$1,511,342	$1,539,000	$1,222,164	$390,000	$1,612,164	$1,615,000		
042.300.36900.10000	Miscellaneous	$280,112	$5,000	$0	$0	$0	$5,000		
															
TOTAL REVENUES		$1,791,454	$1,544,000	$1,222,164	$390,000	$1,612,164	$1,620,000		
OPERATING EXPENSES															
Administrative															
042.310.51300.31100	Engineering	$1,905	$5,000	$0	$2,500	$2,500	$5,000		
042.310.51300.31500	Attorney	$3,536	$10,000	$1,647	$549.10	$2,196	$10,000		
042.310.51300.32200	Annual Audit	$6,825	$7,000	$7,000	$0	$7,000	$7,000		
042.310.51300.34000	Management Fees	$17,000	$17,000	$12,750	$4,250	$17,000	$17,000		
042.310.51300.49000	Bank Charges	$3,891	$3,000	$3,006	$1,002	$4,008	$4,000		
042.310.51300.49100	Contingencies	$3,942	$5,000	$1,114	$371	$1,485	$5,000		
										
Administrative			$37,099		$47,000		$25,517		$8,672		$34,189		$48,000		
Operating Expenses - Toll Facility											$327,741		
042.320.54900.12000	Salaries	$316,442	$340,258	$250,475	$75,258	$325,733			
042.320.54900.15000	Overtime and Special Pay	$2,280	$11,620	$2,110	$0	$2,110	$11,620		
042.320.54900.21000	FICA Taxes	$26,003	$28,939	$20,899	$5,757	$26,656	$28,054		
042.320.54900.22000	Pension Plan	$12,345	$13,207	$10,146	$3,407	$13,552	$13,680		
042.320.54900.23000	Insurance Benefits (Medical)	$66,884	$77,200	$58,667	$19,611	$78,278	$84,630		
042.320.54900.24000	Workers Compensation Insurance	$7,666	$8,160	$7,141	$0	$7,141	$8,160		
042.320.54900.34300	Contractual Support	$16,548	$12,000	$14,039	$1,077	$15,116	$12,000		
042.320.54900.34500	Payroll Processing Fee	$7,028	$6,500	$5,340	$1,554	$6,893	$6,500		
042.320.54900.34600	Credit Card Processing Fee	$14,688	$15,000	$12,674	$4,673	$17,347	$15,000		
042.320.54900.40000	Travel Expenses	$0	$1,000	$0	$1,000	$1,000	$1,000		
042.320.54900.41000	Telephone	$7,165	$5,000	$5,979	$1,614	$7,593	$5,000		
042.320.54900.42500	Printing	$2,875	$3,500	$3,551	$1,183.69	$4,735	$3,500		
042.320.54900.43000	Utility Services	$14,553	$13,000	$10,178	$3,392.64	$13,571	$13,000		
042.320.54900.45000	Insurance	$52,235	$60,000	$63,769	$0	$63,769	$60,000		
042.320.54900.46000	Repairs & Maintenance	$69,995	$50,000	$50,218	$11,745	$61,962	$50,000		
042.320.54900.46002	Repairs & Maintenance-Parkway	$102,195	$120,000	$89,752	$30,248	$120,000	$120,000		
042.320.54900.46100	DOT mandated Bridge Inspection (Required in 2017)	$0	$0	$0	$0	$0	$19,000		
042.320.54900.51000	Office Supplies	$3,244	$3,000	$2,111	$703.66	$2,815	$3,000		
042.320.54900.52000	Operating Supplies	$11,961	$15,000	$6,555	$2,185.06	$8,740	$15,000		
									
Operating Expenses - Toll Facility		$734,107		$783,384		$613,601		$163,409		$777,010		$796,885		
									
SUBTOTAL OPERATING EXPENSES		$771,206		$830,384		$639,118		$172,081		$811,200		$844,885		

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Dunes

Community Development District												Bridge Fund		
																
				Actuals		Adopted		Actual		Projected		Total		Adopted		
				thru		Budget		Thru		Next		Projected		Budget		
Expense Code	Description		9/30/2015		FY 2016		6/30/2016		3 Months		9/30/2016		FY 2017		
	Contribution to Reserves & Community Projects											$85,169		
042.320.54900.65000	Maintenance Reserves	$0	$100,000	$0	$100,000	$100,000			
042.320.54900.64000	Community Projects Transfer from Surplus Revenues	$144,090	$200,000	$144,822	$55,178	$200,000	$200,000		
042.310.51300.60002	Parkway Capital Expenditures	$550	$250,000	$0	$250,000	$250,000	$250,000		
									
	Maintenance Reserves & Community Projects		$144,640		$550,000		$144,822		$405,178		$550,000		$535,169		
	Non Operating Revenue (Expenses)														
042.300.36100.11000	Interest Income	$23,974	$20,000	$37,915	$15,000	$52,915	$20,000		
042.300.36900.10400	Asset Contribution	$1,873,188	$0	$0	$0	$0	$0		
042.320.54900.64000	Capital Improvements (New Toll System)	($1,154,350)	($350,000)	($49,382)	($120,618)	($170,000)	($180,000)		
042.320.54900.64000	Capital Improvements	$0	$0	($153,627)	$0	($153,627)	$0		
042.300.38100.10000	Transfer from Surplus Funds	$0	$300,000	$0	$300,000	$300,000	$13,054		
042.300.38100.10000	Transfer to General Fund	($70,000)	($93,000)	($93,000)	$0	($93,000)	($93,000)		
									
	TOTAL NON OPERATING REVENUE (EXPENSES)		$672,812		($123,000)		($258,093)		$194,382		($63,711)		($239,946)		
																
	NET INCOME			$1,548,420		$40,616		$180,130		$7,123		$187,253		($0)		

BUDGET HIGHLIGHTS FY 2017

1.	Revenues based on 1,700,000 vehicle trips (70% prepaid and 30% cash) average cost of $0.95 per trip [1,700,000]X[0.95] = $1,615,000

2.	Payroll includes an average 3% increase over FY 2016 Budget.

3.	Maintenance Reserves base on Engineering and Financial Consultant's recommendation.

4  Transfer $200,000 from Bridge Surplus for Community Projects as provided in an Interlocal Agreement with Flagler County.

5. Transfer $93,000 from Bridge Surplus Account to General Fund.

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