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

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Annual Treasurer’s Report

Presented by Chuck Haas, Treasurer

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S IR IR WCD Ba Background In Information

vUses Assessments to Finance it ’s Programs vContains Approx. 12,500 acres with 11,089 acres being assessed vCreated Under Chapter 298 FS and Chapter 2001-313 Laws of Florida vMaintains Water Control and Road Maintenance for Jupiter Farms,

Egret Landing, and Jupiter Park of Commerce

vMaintains Water Control and Road and Park Maintenance for Palm

Beach Country Estates (PBCE)

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S IR IR WCD complies with:

vSection 11.45 and Chapter 218, FS prescribing a Uniform Chart of

Accounts and Uniform Fiscal Y ear

vWith the Florida Auditor General by filing an Annual Audited Financial

Statement (Chapter 218.39, FS)

vWith the Florida Department of Financial Services by filing an Annual

Financial Report

vFiling a Public Depositor Annual Report to the Florida Chief Financial

Officer

vThe Local Governmental Entity Financial Emergencies Act (Chapter

218, FS)

vThe Uniform Special District Accountability Act (Chapter 189, FS) vChapter 197, Florida Statutes – T

ax Collections, Sales, and Liens

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Water Co Control

West Basin East Basin

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R

• ad and Park Maintenance

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SO SOUTH INDIAN RIVER WATER 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 sources under expenditures 577,923 Fund balances, beginning of year 3,285,417 Fund balances, September 30, 2018 3,863,340 $

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SO SOUTH INDIAN RIVER WATER CONTR OL DIS TR ICT Governmental Funds Combined St Statement of

• f 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 $

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SO SOUTH INDIAN RIVER WATER CONTR OL DIS TR ICT Governmental Funds Combined St Statement of

• f 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

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SO SOUTH INDIAN RIVER WATER CONTR OL DIS TR ICT Governmental Funds Combined St Statement of

• f 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 $

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Expenditure History

2014/15 2015/16 2016/17 2017/18 2018/19 (Current Budget) 2019/20 (Budgeted) 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

• 500,000

1,000,000 1,500,000 2,000,000 2,500,000

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Distribution of Assessment Changes between 2018 and 2019

From ($) To ($) R e f e r e n c e Number

• f

parcels

(1)

% of Nbr

• f Parcels

R e f e r e n c e Cumulative Nbr of Parcels % of Cumulative Nbr of parcels Parcels with Reduced Assess- ments Parcels with Increased Assess- ments < $10. Parcels with Increased Assess- ments >$10.

• 51
• 100

0.0%

• 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% 12 0.2%

(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% 26 50

(5)

14 0.2% 7335 99.4% 0.2% 51 100

(6)

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). (8) 31 parcels will have an increase of more than $200.

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.

(7) 1 parcel is 29 acres while the other is in Reynold Ranches PUD (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.