Central Lake
Community Development District

Adopted Budget
FY 2021

Table of Contents

1

2-5

6

7-9

 	Water & Sewer Fund

 	Water & Sewer Narrative

 	Reservation & Maintenance Fund

 	Reservation & Maintenance Narrative

CENTRAL LAKE
Community Development District

Water & Sewer Fund Budget Fiscal Year 2021

	ADOPTED
BUDGET	ACTUAL
THRU	NEXT
2	PROJECTED
THRU	ADOPTED
BUDGET	
	FY2020	07/31/20	MONTHS	9/30/20	FY2021	

REVENUES:						
Water Revenue	$160,000	$123,381	$29,279	$152,660	$155,000	
Sewer Revenue	$160,000	$140,002	$25,029	$165,031	$165,000	
Wholesale Sewer Revenue - Lot Closings	$32,832	$32,208	$7,680	$39,888	$46,080	
Wholesale Sewer Revenue - Boondocks	$3,888	$3,240	$648	$3,888	$3,888	
Wholesale Sewer Revenue - School	$4,250	$3,144	$456	$3,600	$4,250	
Mission Inn Irrigation	$6,000	$10,314	$996	$11,310	$8,000	
Las Colinas HOA Irrigation	$70,000	$42,347	$9,000	$51,347	$60,000	
Miscellaneous Income	$2,250	$456	$300	$756	$1,500	
CIAC/Meter Fees	$35,000	$35,900	$0	$35,900	$25,000	
Interest	$50	$29	$1	$30	$25	
TOTAL REVENUES	$474,270	$391,021	$73,389	$464,411	$468,743	

EXPENDITURES:						
Administrative:						
Attorney Fees	$10,000	$405	$260	$665	$5,000	
Engineering	$3,500	$1,375	$0	$1,375	$3,500	
Annual Audit	$4,200	$3,500	$0	$3,500	$3,500	
Management Fees	$36,050	$30,042	$6,008	$36,050	$36,050	
Information Technology	$4,675	$1,667	$2,708	$4,375	$2,000	
Telephone	$250	$8	$8	$16	$50	
Postage	$1,500	$1,185	$300	$1,485	$1,500	
Insurance	$3,400	$3,149	$0	$3,149	$3,325	
Printing & Binding	$500	$220	$60	$280	$500	
Legal Advertising	$1,250	$1,376	$741	$2,118	$1,500	
Office Supplies	$500	$85	$35	$120	$250	
Property Taxes	$2,000	$1,180	$0	$1,180	$1,300	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Other Current Charges	$4,000	$3,024	$500	$3,524	$4,000	
Total Administrative	$72,000	$47,389	$10,621	$58,010	$62,650	

Operations:						
Electric	$28,000	$19,621	$4,400	$24,021	$28,000	
Testing	$20,000	$14,915	$2,930	$17,845	$20,000	
Sludge Pumping	$15,000	$11,092	$2,627	$13,719	$15,000	
Labor	$10,000	$7,195	$1,439	$8,634	$10,000	
Chemicals	$7,200	$4,515	$985	$5,500	$8,000	
Repairs	$35,000	$7,787	$2,213	$10,000	$30,000	
Mowing	$2,000	$895	$850	$1,745	$2,000	
Backup Fuel	$1,500	$0	$0	$0	$1,500	
Property Insurance	$4,866	$4,556	$0	$4,556	$5,025	
Dues, Licenses & Subscriptions	$2,500	$2,339	$0	$2,339	$2,500	
Quarterly Utility Maintenance	$4,000	$0	$500	$500	$4,000	
Plant Lease	$262,754	$136,591	$180,386	$316,977	$270,618	
Contingency	$9,450	$565	$0	$565	$9,450	
Total Operations	$402,270	$210,070	$196,330	$406,400	$406,093	
						
TOTAL EXPENDITURES	$474,270	$257,459	$206,951	$464,410	$468,743	
						
EXCESS REVENUES (EXPENDITURES)	$0	$133,562	($133,562)	$0	$0	

REVENUES:
WATER REVENUE
Represents charges for potable water consumption to the District’s utility customers. The fee is based upon adopted rates set by the District’s Board of Supervisors.

SEWER REVENUE
Represents charges for wastewater treatment to the District’s utility customers. The monthly fee is $36.75 per residential sewer account for customers connected to potable water and sewer service and $42 per residential account for customers connected only to sewer service.

WHOLESALE SEWER REVENUE
Represents sewer only charged to Town of Howey in the Hills, for meter sewer from the
School based on monthly usage and Boondocks Restaurant which pays a flat rate per month.

MISSION INN IRRIGATION
Represents all the irrigation water used for Mission Inn Resort property.

LAS COLINAS HOA IRRIGATION
Currently there are 20 accounts, which represent irrigation water used by the HOA.

MISCELLANEOUS INCOME
Each new account that is added to the Utility System or change in resident is charged an activation fee. The District anticipates 4 new/changed connections for Fiscal Year 2020, and the current rate is $50 per account. Also, included in this category is meter installation.

CIAC/METER FEES
Each new account that is added to the Utility System is charged for Contribution in Aid of Construction (CIAC) and a meter fee and the current charges are as follows:

CIAC – Water	$1,650
CIAC – Sewer	$3,350 CIAC – Expansion $3,250 Meter Fee	$475

EXPENDITURES:
ADMINISTRATIVE:

ATTORNEY FEES
The District’s legal counsel will be providing general legal services, i.e. attendance and preparation for Board of Supervisors’ meetings, review operating and maintenance contracts, etc. The expense will be split 50/50 with the RAM fund.

ENGINEERING
The District's Engineer will be providing general engineering services to the District, i.e., attendance and preparation for Board of Supervisors’ meetings, review of invoices and requisitions and various projects assigned as directed by the Board of Supervisors and the District Manager.

ANNUAL AUDIT
The District is required by Florida Statutes to contract with an independent certified public account for an audit of its financial records on an annual basis. The District has contracted with Berger, Toombs, Elam, Gaines & Frank for this service.

MANAGEMENT FEES
The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

INFORMATION TECHNOLOGY
Represents costs related to District’s accounting and information systems, District’s website creation and maintenance, utility billing and electronic compliance with Florida Statutes and other electronic data requirements.

TELEPHONE
Telephone and fax expenses.

POSTAGE
The charges for the mailing of Board meeting agendas, checks for vendors, invoices for utility billing customers and any other required correspondence.

INSURANCE
The District currently has General Liability and Public Officials’ coverages with Florida Insurance Alliance (FIA). FIA specialized in providing insurance coverage for governmental agencies. This expense will be split 50/50 with the RAM fund.

PRINTING & BINDING
Printing and binding agenda packages for Board meetings, printing of utility bills, stationary, envelopes, etc.

LEGAL ADVERTISING
The District is required to advertise various notices for Board meetings, public hearings, etc. in a newspaper of general circulation.

OFFICE SUPPLIES
The District incurs charges for supplies that may need to be purchased during the fiscal year including copier and printer toner cartridges, paper, pens, file folders, labels, paper clips, binders and other such office supplies.

PROPERTY TAXES
The District currently has two folios with ad valorem taxes that are paid annual to Bob McKee, Lake County Tax Collector. This expense is split 50/50 with the RAM fund.

Parcel: 2620250003-000-01300
Parcel: 2720250001-000-02400

DUES, LICENSES & SUBSCRIPTIONS
The District is required to pay an annual fee to the Department of Economic Opportunity for
$175.

OTHER CURRENT CHARGES
Represents bank charges and any other expenses incurred during the fiscal year.

OPERATIONS:

ELECTRIC
The District currently has six (6) accounts with Duke Energy. They are as follows:

Account#	
Address	Monthly
Amount	Annual
Amount	
00740 48570	26325 Avenida Las Colinas Lift	$20	$240	
76341 28598	10400 County Road 48, Wtr Trmt Plant	$860	$10,320	
79672 47004	26325 Avenida Las Colinas Sewer Plant	$800	$9,600	
80786 45368	10400 County Road 48, Waste Water Plant	$1,000	$12,000	
81168 00490	9251 Avenida San Pablo Lift Station	$20	$240	
92055 71123	26000 Avenida Las Colinas	$65	$780	
	Contingency		$1,820	
Total			$35,000	

This expense will be allocated 80% to Water & Sewer ($28,000) and 20% to RAM ($7,000).

TESTING
The District has contracted with Plant Technicians, Inc. to provide monthly testing of the water.

Description	Monthly
Amount	Annual
Amount	
Testing Service
Testing Service - Water Treatment Plant Extra TSS Testing per Permit - Wastewater
Contingency
Total	$825
$430
$100	$9,900
$5,160
$1,200
$3,740	
		$20,000	

SLUDGE PUMPING
The District must have sludge pumped from the plant, transported out for treatment and disposal.

LABOR
The District utilizes employees of Mission Inn Resort to perform various services on behalf of the District.

Description	Monthly
Amount	Annual
Amount	
Onsite Contracted Services	$720	$8,634	
Contingency		$1,366	
Total		$10,000	

CHEMICALS
The District purchases various chemicals used in conjunction with the wastewater treatment plant from The Dumont Company. This expense will be split 90/10 with the RAM fund.

REPAIRS
Represents all maintenance and repair work performed in the District water facility.

MOWING
The District utilizes employees of Mission Inn Resort to mow/maintain District property. This expense will be allocated 20% to Water & Sewer and 80% to RAM.

PROPERTY INSURANCE
The District currently has Property coverage with Florida Insurance Alliance (FIA). FIA specialized in providing insurance coverage for governmental agencies. This expense will be split 50/50 with the RAM fund.

DUES & LICENSES
Represents any necessary dues and licenses associated with the operation of the water and wastewater facility.

QUARTERLY UTILITY MAINTENANCE
The District has a contract to service the water system to insure reliability. The contract calls for service on a quarterly basis.

PLANT LEASE
The lease rent paid to Sewer & Water Plant Investments, LLC. Fee is paid as a fixed monthly amount of $13,659.09, plus year end surplus revenues calculated based upon agreement with the District.

CONTINGENCY
Represents any unforeseen expenses not included in any of the other budgeted expense line items.

CENTRAL LAKE
Community Development District

Reservation & Maintenance Fund Budget Fiscal Year 2021

	ADOPTED
BUDGET	ACTUAL
THRU	NEXT
2	PROJECTED
THRU	ADOPTED
BUDGET	
	FY2020	07/31/20	MONTHS	9/30/20	FY2021	

REVENUES:						
RAM Revenue	$116,000	$94,636	$18,880	$113,516	$113,280	
Miscellaneous Income	$500	$1,071	$9	$1,080	$1,000	
Interest	$0	$1,434	$106	$1,540	$600	
Carry Forward Surplus	$0	$198,144	$0	$198,144	$287,456	
TOTAL REVENUES	$116,500	$295,284	$18,995	$314,279	$402,336	

EXPENDITURES:						
Administrative:						
Attorneys Fees	$10,000	$405	$260	$665	$10,000	
Postage	$100	$106	$14	$120	$250	
Insurance	$3,400	$3,149	$0	$3,149	$3,325	
Legal Advertising	$500	$0	$100	$100	$500	
Property Taxes	$1,500	$1,180	$0	$1,180	$1,300	
Other Current Charges	$1,000	$0	$166	$166	$1,000	
Total Administrative	$16,500	$4,840	$540	$5,380	$16,375	

Operations:						
Electric	$7,000	$4,905	$1,070	$5,975	$7,000	
Repairs & Maintenance	$5,000	$0	$850	$850	$5,000	
Mowing	$8,000	$3,580	$1,700	$5,280	$8,000	
Property Insurance	$4,866	$4,556	$0	$4,556	$5,025	
Refuse Service	$1,300	$995	$199	$1,193	$1,300	
Operating Supplies	$1,500	$2,989	$0	$2,989	$3,000	
Chemicals	$800	$502	$98	$600	$1,000	
Permits	$5,000	$0	$0	$0	$5,000	
Reserves	$51,534	$0	$0	$0	$51,450	
Capital Outlay	$15,000	$0	$0	$0	$13,000	
Total Operations	$100,000	$17,526	$3,917	$21,443	$99,775	
						
TOTAL EXPENDITURES	$116,500	$22,366	$4,457	$26,824	$116,150	
						
EXCESS REVENUES (EXPENDITURES)	$0	$272,918	$14,538	$287,456	$286,186	

REVENUES:
RAM REVENUE
The District adopted a Reservation and Maintenance Fee (“RAM Fee”). The fee is $4.00 per month per equivalent residential connection (ERC).

MISCELLANEOUS INCOME
Represents penalties on RAM accounts for late payment of monthly charges. The rate is 1.5% per month on outstanding balances.

INTEREST
The District generates funds off of funds invested with the State Board of Administration.

EXPENDITURES:
ADMINISTRATIVE:

ATTORNEY FEES
The District’s legal counsel will be providing general legal services, i.e. attendance and preparation for Board of Supervisors’ meetings, review operating and maintenance contracts, etc. The expense will be split 50/50 with the Water & Sewer fund.

POSTAGE
The charges for the mailing of Board meeting agendas, checks for vendors, invoices for utility billing customers and any other required correspondence

INSURANCE
The District currently has General Liability and Public Officials’ coverages with Florida Insurance Alliance (FIA). FIA specialized in providing insurance coverage for governmental agencies. This expense will be split 50/50 with the Water & Sewer fund.

LEGAL ADVERTISING
The District is required to advertise various notices for Board meetings, public hearings, etc. in a newspaper of general circulation.

PROPERTY TAXES
The District currently has two folios with ad valorem taxes that are paid annual to Bob McKee, Lake County Tax Collector. This expense is split 50/50 with the Water & Sewer fund.

Parcel: 2620250003-000-01300
Parcel: 2720250001-000-02400

OTHER CURRENT CHARGES
Represents bank charges and any other expenses incurred during the fiscal year.

OPERATIONS:

ELECTRIC
The District currently has six (6) accounts with Duke Energy. They are as follows:

Account#	
Address	Monthly
Amount	Annual
Amount	
00740 48570	26325 Avenida Las Colinas Lift	$20	$240	
76341 28598	10400 County Road 48, Wtr Trmt Plant	$860	$10,320	
79672 47004	26325 Avenida Las Colinas Sewer Plant	$800	$9,600	
80786 45368	10400 County Road 48, Waste Water Plant	$1,000	$12,000	
81168 00490	9251 Avenida San Pablo Lift Station	$20	$240	
92055 71123	26000 Avenida Las Colinas	$65	$780	
	Contingency		$1,820	
Total			$35,000	

This expense will be allocated 80% to Water & Sewer ($28,000) and 20% to RAM ($7,000).

REPAIRS & MAINTENANCE
Represents all maintenance and repair work performed in the facility.

MOWING
The District utilizes employees of Mission Inn Resort to mow/maintain District property. This expense will be allocated 20% to Water & Sewer and 80% to RAM.

PROPERTY INSURANCE
The District currently has Property coverage with Florida Insurance Alliance (FIA). FIA specialized in providing insurance coverage for governmental agencies. This expense will be split 50/50 with the Water & Sewer fund.

REFUSE SERVICE
The District has a contract with Waste Management for the rental of a dumpster.

Account#	
Address	Monthly
Amount	Annual
Amount	
16-45237-03006	10400 County Road 48 Treatment Plant	$93	$1,120	
	Contingency		$180	
Total			$1,300	

OPERATING SUPPLIES
Represents estimated costs of any supplies purchased for onsite operations, repairs and maintenance not included in other budgeted line items.

CHEMICALS
The District purchases various chemicals used in conjunction with the wastewater treatment plant from The Dumont Company. This expense will be split 90/10 with the Water & Sewer fund.

PERMITS
Represents estimated costs for any permit fees that may be required during the fiscal year.

RESERVES
Reserves for unanticipated items.