Fiscal Year 2021/2022



Exhibit “A”


The Millers Creek Special District


Ordinace 2014-700-E


Proposed Budget for the 2021/2022 Fiscal Year











REVENUES








CategorySubjectProjected Revenue

160.100Projected Assessment Revenue by 6/30/2022$81,024.96


$3000 per homeowner X 29 homeowners = $87,000 



$87,000 – 3.5% (City of Jacksonville Collection of Assessments) = $83,955.00



Discount if assessment is received early; discount is 4.0%, 3.0%, 2.0%



Average collection from 2017, 2018, 2019, 2020 = $81,024.96


160.101Interest Income$100.00

160.105City Of Jacksonville – Capital Improvement Program (12.5% of project cost)$0.00



$81,124.96






EXPENDITURES








CategorySubjectProjected Cost

160.200Promotional & Legal Advertising – Publication fees$3,000.00

160.300Accounting and Audit Fees$4,120.00

160.500Engineering Fees – Engineering Consultant & Testing Fees$0.00

160.700Insurance Expense$2,663.76

160.800Intuit Software$300.00

160.900Laboratory Sampling Analysis$0.00

160.110Legal Fees/Service$10,000.00

160.120Office Supplies$200.00

160.130Other Expense$200.00

160.140P.O. Box$120.00

160.150Postage & Freight Services$100.00

160.160Printing $50.00

160.210Administrative Services – Public Hearing$400.00

160.180Communication services and Website Fees$0.00

160.190Dredging/Marine – completed November 2020$0.00

160.300Rentals and Leases$0.00

160.501Dredging Permits$0.00

160.104Bank Financing/Loan – Ameris Bank$57,600.00

160.170Publications & Memberships Fees$175.00

160.503Navigational Aids & Markers – completed November 2020$0.00

160.115Grant Writer$2,000.00







Total Expenditures$80,928.76






RESERVE 








CategorySubjectProjected Reserve

160.102Reserve (Carry over)$196.20

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