Annual Treasurers Report Presented by Chuck Haas, Treasurer - PowerPoint PPT Presentation

Annual Treasurer’s Report Presented by Chuck Haas, Treasurer www.sirwcd.org

S IR IR WCD Ba Background In Information v Uses Assessments to Finance it ’s Programs v Contains Approx. 12,500 acres with 11,089 acres being assessed v Created Under Chapter 298 FS and Chapter 2001-313 Laws of Florida v Maintains Water Control and Road Maintenance for Jupiter Farms, Egret Landing, and Jupiter Park of Commerce v Maintains Water Control and Road and Park Maintenance for Palm Beach Country Estates (PBCE) www.sirwcd.org

S IR IR WCD complies with: v Section 11.45 and Chapter 218, FS prescribing a Uniform Chart of Accounts and Uniform Fiscal Y ear v With the Florida Auditor General by filing an Annual Audited Financial Statement (Chapter 218.39, FS) v With the Florida Department of Financial Services by filing an Annual Financial Report v Filing a Public Depositor Annual Report to the Florida Chief Financial Officer v The Local Governmental Entity Financial Emergencies Act (Chapter 218, FS) v The Uniform Special District Accountability Act (Chapter 189, FS) v Chapter 197, Florida Statutes – T ax Collections, Sales, and Liens www.sirwcd.org

Water Co Control West Basin East Basin www.sirwcd.org

R oad and Park Maintenance www.sirwcd.org

SOUTH INDIAN RIVER WATER SO CONTR OL DIS TR ICT Governmental Funds Combined St Statement of Revenues, Expenditures and Changes in Fund Balances for Fiscal Y ea ear Ending Se September 30 30, 20 2018 Total revenues $ 5,040,102 Total other financing sources 1,208,000 Total revenues and other financing sources 6,248,102 Total expenditures 5,670,179 Excess of revenues and other financing 577,923 sources under expenditures Fund balances, beginning of year 3,285,417 Fund balances, September 30, 2018 $ 3,863,340 www.sirwcd.org

SO SOUTH INDIAN RIVER WATER CONTR OL DIS TR ICT Governmental Funds Combined St Statement of of Revenues, Expenditures and Changes in Fund Balances for Fiscal Y ea ear Ending Se September 30 30, 20 2018 Revenues Detailed Revenues: Assessments $ 4,793,222 Reimbursement of connections fees 163,559 Investment income 13,127 Miscellaneous 70,194 Total revenues 5,040,102 Other financing sources Net proceeds from debt issuance 1,008,000 Transfers (net) 200,000 Total other financing sources 1,208,000 Total revenues and other financing sources $ 6,248,102 www.sirwcd.org

SO SOUTH INDIAN RIVER WATER CONTR OL DIS TR ICT Governmental Funds Combined St Statement of of Revenues, Expenditures and Changes in Fund Balances for Fiscal Y ea ear Ending Se September 30 30, 20 2018 Expenditures Detailed Expenditures: Current: Water control 1,518,149 Road maintenance 1,135,386 Park maintenance 9,928 Capital outlay Water control - Road improvements 888,733 Debt service: Principal retirement 1,395,900 Interest & Other 601,138 Bond issuance cost 5,000 Other debt service 115,945 Total expenditures 5,670,179 www.sirwcd.org

SO SOUTH INDIAN RIVER WATER CONTR OL DIS TR ICT Governmental Funds Combined St Statement of of Revenues, Expenditures and Changes in Fund Balances for Fiscal Y ea ear Ending Se September 30 30, 20 2018 Fund Balance Detailed Total revenues and other financing sources 6,248,102 Total expenditures 5,670,179 Net change in fund balances 577,923 Fund balances, beginning of year 3,863,340 Fund balances, September 30, 2018 $ 4,441,263 Restricted for debt service 1,410,741 Restricted for future construction 515,272 Committed for renewal and replacement 834,892 Assigned for subsequentt year operations 1,102,435 Total fund balances $ 3,863,340 www.sirwcd.org

Expenditure History 2,500,000 2,000,000 1,500,000 1,000,000 500,000 - 2018/19 2019/20 2014/15 2015/16 2016/17 2017/18 (Current (Budgeted) Budget) Canal Maintenance 1,129,877 950,258 1,355,898 1,518,149 1,692,809 1,743,040 Road M aintenance 939,918 1,282,491 1,142,859 1,135,386 1,004,591 1,044,410 Park Maintenance 10,588 11,989 22,292 9,928 20,600 20,600 Capital Outlay non Debt Financed 742,642 262,738 252,754 83,786 615,000 165,000 Principal (scheduled) 1,688,298 1,906,480 2,175,317 1,395,900 1,521,254 1,571,982 Interest & Fiscal C hanges 1,111,574 1,152,850 810,387 722,083 729,479 676,156 www.sirwcd.org

Distribution of Assessment Changes between 2018 and 2019 R R e e Parcels Parcels Parcels f f % of Number Cumulative with with with e e From To % of Nbr Cumulative of Nbr of Reduced Increased Increased r r ($) ($) of Parcels Nbr of (1) Parcels Assess- Assess- Assess- parcels e e parcels ments ments < $10. ments >$10. n n c c e e -51 0 0.0% -100 -26 -50 1811 24.5% 1811 24.5% 24.5% -11 -25 4631 62.7% 6442 87.2% 62.7% -1 -10 94 1.3% 6536 88.5% 1.3% (2) 0 0 12 0.2% 6548 88.7% 0.2% 1 10 (3) 714 9.7% 7262 98.4% 9.7% 11 25 (4) 59 0.8% 7321 99.2% 0.8% (5) 26 50 14 0.2% 7335 99.4% 0.2% (6) 51 100 13 0.2% 7348 99.6% 0.2% 101 200 (7) 2 0.0% 7350 99.6% 0.0% 200+ (8) 31 0.4% 7381 100.0% 0.4% (1) 7381 100% 88.7% 9.7% 1.6% (1) 45 parcels exluded for non comparative basis (2) 6548 parcels (88.7%) will have assessments lower than 2018 (3) 714 parcels (9.7%) will have an increase in assessments of less $10 (mainly Egret Landing and JPC). (4) 59 parcels in the category will have an average increased assessment of $15 per parcel. All of the parcels are in JPC (5) 11 of the Parcels in this group are in JPC, the remainder are parcels greater than 15 acres (6) 10 of the parcels in this group average 20 acres, the remaining 3 are in JPC. (7) 1 parcel is 29 acres while the other is in Reynold Ranches PUD (8) 31 parcels will have an increase of more than $200. www.sirwcd.org All of these Parcels are in the Reynolds Ranch PUD and reflect, in accordance with FL Law, the re- allocation of water control assessments on common property to individual lots.