CORAL SPRINGS IMPROVEMENT DISTRICT

APPROVED TENTATIVE BUDGET
FY 2021 | 2022

WATER & SEWER

Table of Contents

Board of Supervisors	3
Adopted Budget	4 - 7
Budget Narrative	8 - 27

BOARD OF SUPERVISORS
Dr. Martin Shank, President
Len Okyn, Vice President
Chuck Sierra, Secretary

MANAGEMENT
Kenneth Cassel, District Manager
Terry Lewis, District Attorney
Rick Olson, District Engineer
David McIntosh, Director of Operations
Jan Zilmer, Human Resources Director
Joe Stephens, Director of Utilities
Marta Rubio, Director of Finance & Accounting

CORAL SPRINGS IMPROVEMENT DISTRICT
Water and Sewer Enterprise Fund
PROPOSED BUDGET
Fiscal Year 2021 / 2022

DESCRIPTION	ADOPTED BUDGET
FY 2020/2021	ACTUAL THRU
4/30/2021	PROJECTED NEXT
5 Months	TOTAL
PROJECTED
9/30/2021	PROPOSED BUDGET
FY 2021/2022	

REVENUES

Water Revenue	$	6,790,358	$	3,436,898	$	3,353,460	$	6,790,358	$	7,129,876	
Sewer Revenue	6,145,626	3,090,548	3,055,078	6,145,626	6,452,907	
Standby Revenue	3,120	1,820	1,300	3,120	3,120	
Processing Fees	12,000	9,720	2,280	12,000	12,000	
Lien Revenue Fees	9,000	9,125	-	9,125	9,000	
Delinquent Fees	290,000	148,500	-	148,500	290,000	
Contract Utility Billing Services	65,732	36,522	29,210	65,732	69,019	
Contract HR & Payroll Services	13,688	7,527	6,161	13,688	14,098	
Facility Connection Fees	-	14,400	4,175	18,575	-	
Meter Fees	-	1,125	2,733	3,858	-	
Line Connection Fees	-	300	6,275	6,575	-	
Interest Income-Restricted	-	42,887	1,337	44,224	-	
Interest Income-Operations	-	159,362	5,411	164,773	-	
Rent Revenue	67,159	57,162	9,997	67,159	69,174	
Technology Sharing Revenue	15,914	9,010	6,904	15,914	16,391	
Miscellaneous Revenue	12,000	29,655	-	29,655	-	
Carryforward Prior Yr Fund Balance	2,702,690	-	2,702,690	2,702,690	2,664,404	
TOTAL REVENUES	16,127,287	7,054,561	9,187,011	16,241,572	16,729,989	

EXPENDITURES						
Debt Service						
Principal 2016 Series	1,695,000	1,695,000	-	1,695,000	1,745,000	
Interest 2016 Series	1,127,738	883,321	244,417	1,127,738	1,076,040	
Sub-Total Debt Service	2,822,738	2,578,321	244,417	2,822,738	2,821,040	

ADMINISTRATIVE

Salaries and Wages	1,161,765	686,695	475,070	1,161,765	1,344,445	
Special Pay	2,783	2,783	0	2,783	2,702	
FICA Taxes	88,875	57,027	31,848	88,875	102,850	
Pension Expense	139,410	91,673	47,737	139,410	161,333	
Health Insurance	296,392	126,634	169,758	296,392	295,191	
Workers Comp. Insurance	3,833	1,468	2,365	3,833	4,437	
Unemployment Compensation	4,000	-	-	-	-	
Tuition Reimbursement	-			-	40,120	
OPEB Expense	2,862	-	2,862	2,862	2,862	
Engineering Fees	33,600	3,731	29,869	33,600	33,600	
Trustee Fees/Other Debt Expenses	10,720	-	10,720	10,720	10,720	
Legal Fees	60,000	16,210	43,790	60,000	60,000	
Special Consulting Services	110,000	19,719	90,281	110,000	158,000	
Information & Technology Services	-	-	-	-	150,000	
Travel & Per Diem (Board)	4,500	-	4,500	4,500	8,000	
Annual Audit	12,150	12,150	-	12,150	14,800	
Actuarial Computation - OPEB	2,100	-	2,100	2,100	3,500	
Management Fees	91,209	60,805	30,404	91,209	93,945	
Telephone Expense	15,200	12,357	2,843	15,200	15,200	
Postage	55,780	19,961	35,819	55,780	55,780	
Printing & Binding	45,460	17,359	28,100	45,460	46,600	
Electric Expense	13,885	6,784	7,101	13,885	14,600	
Rentals and Leases	3,150	725	2,425	3,150	3,150	
Insurance	17,850	6,934	10,916	17,850	17,850	
Repair and Maintenance	27,700	8,141	19,559	27,700	30,000	
Legal Advertising	4,500	-	4,500	4,500	4,500	
Other Current Charges	33,395	9,821	23,574	33,395	36,150	
Merchant Fees	84,800	57,912	26,888	84,800	87,400	
Computer/Technology Expenses	68,245	44,547	23,698	68,245	74,095	
Employment Ads	13,550	6,787	6,763	13,550	13,550	
Toilet Rebate [150 x $99 = $14,850]	14,850	7,920	6,930	14,850	14,850	
Office Supplies	4,000	3,310	690	4,000	4,000	
Dues, Licenses, Schools & Permits	12,000	6,050	5,950	12,000	12,000	
Promotional Expenses	16,890	9,810	7,080	16,890	16,890	
Capital Outlay	19,000	4,805	14,195	19,000	21,100	
Sub-Total Administrative	2,474,454	1,302,120	1,168,334	2,470,454	2,954,220	

PLANT OPERATIONS

Salaries and Wages	1,814,207	1,071,358	802,639	1,873,997	1,943,009	
Special Pay	2,757	2,869	52	2,921	3,082	
FICA Taxes	138,787	83,140	55,647	138,787	148,640	
Pension Expense	214,653	120,527	94,126	214,653	233,161	
Health Insurance	471,634	247,910	223,724	471,634	479,543	
Workers Comp. Insurance	99,325	38,458	60,867	99,325	105,777	
Tuition Reimbursement	-	-	-	-	51,600	
OPEB Expense	4,682	-	4,682	4,682	4,682	
Water Quality Testing	67,295	36,837	30,458	67,295	63,163	
Telephone Expense	9,260	3,829	5,431	9,260	9,440	
Electric	686,760	377,890	308,542	686,432	721,200	
Rentals and Leases	14,250	810	13,440	14,250	15,030	
Insurance	174,850	69,630	97,060	166,690	170,370	
Repair & Maintenance	859,740	259,729	600,011	859,740	825,256	
Filters for Water Plant	695,920	16,616	679,304	695,920	201,800	
Sludge Management-Sewer	150,000	102,085	150,000	252,085	142,000	
Chemicals	357,745	186,080	171,665	357,745	379,220	
Office Supplies	3,635	571	3,064	3,635	3,635	
Operating Supplies	64,275	16,120	48,155	64,275	59,350	
Uniforms	10,880	6,077	4,803	10,880	11,730	
Motor Fuels	101,290	3,009	97,341	100,350	117,176	
Dues, Licenses & Permits	43,515	8,751	34,764	43,515	66,990	
Capital Outlay	1,786,963	392,598	1,394,365	1,786,963	1,900,000	
Sub-Total Plant Operations	7,772,423	3,044,895	4,880,139	7,925,034	7,655,854	

FIELD OPERATIONS

Salaries and Wages	745,590	396,297	349,293	745,590	773,086	
Special Pay	1,351	1,812	-	1,812	1,569	
FICA Taxes	57,038	30,628	26,410	57,038	59,141	
Pension Expense	89,473	46,886	42,587	89,473	92,770	
Health Insurance	224,338	121,025	103,313	224,338	227,462	
Workers Comp. Insurance	46,972	19,658	27,314	46,972	48,704	
Tuition Reimbursement	-	-	-	-	21,200	
OPEB Expense	3000	-	3,000	3,000	3,000	
Water Quality Testing	1,000	-	1,000	1,000	1,000	
Naturescape Irrigation Service	5,470	-	4,970	4,970	5,500	
Telephone Expense	15,345	5,925	8,025	13,950	16,900	
Electric Expense	106,890	52,376	54,514	106,890	112,300	
Rentals & Leases	9,500	4,001	5,499	9,500	9,500	
Rent Expense - SCADA	56,040	32,690	23,350	56,040	56,040	
Insurance	25,930	9,031	16,899	25,930	26,000	
Repairs and Maintenance	166,000	147,915	113,067	260,982	180,000	
Lift Stations	168,850	72,433	96,417	168,850	198,850	
Generators	33,080	6,850	26,230	33,080	34,600	
Meters	60,680	4,395	56,285	60,680	31,440	
Office Supplies	1,680	717	963	1,680	1,680	
Operating Supplies	57,190	31,340	25,850	57,190	57,190	
Uniforms	5,820	3,318	2,502	5,820	5,730	
Motor Fuels	22,860	11,415	11,445	22,860	22,860	
Dues, Licenses, Schools & Permits	13,300	856	12,444	13,300	10,250	
Capital Outlay	858,000	356,340	501,660	858,000	1,020,000	
Sub-Total Field Operations	2,775,397	1,355,909	1,513,035	2,868,944	3,016,772	
		
TOTAL OPERATING EXPENDITURES	13,022,274	5,702,924	7,561,509	13,264,432	13,626,845	

Required Reserve for R&R	
-	
-	
-	
-	
-	
		
TOTAL OPERATING EXPENDITURES &
RESERVES	
13,022,274	
5,702,924	
7,561,509	
13,264,432	
13,626,845	
		
AVAILABLE FOR DEBT SERVICE	3,105,013	1,351,637	1,625,502	2,977,139	3,103,144	
		
Debt Coverage Required	1.10	1.10			1.05	1.10	
		
Debt Service Requirement	1.00	2,822,738			2,822,738	2,821,040	
		
Projected Surplus	.10	282,274			282,274	282,104	
		
TOTAL DEBT SERVICES + SURPLUS	3,105,012	3,105,012	3,103,144	

PROPOSED BUDGET
The District will use reserve funds in the amount of $2,664,404 to help offset infrastructure projects required by Plant & Field departments.
CSID is executing the Financial Management Plan rate increases of 5% to water (including irrigation) and sewer rates as a result of the Rate Study Analysis completed during FY 2019 by Stantec, an independent consulting firm.
REVENUES
Water Revenue
The estimated amount that will be billed to users of the water system of the District is determined by the utility rate agreement. Based on prior year revenues the water revenues are projected to be
$7,129,876.

Sewer Revenue
The estimated amount that will be billed to users of the wastewater system of the District is determined by the utility rate agreement. Based on prior year revenues the sewer revenues are projected to be $6,452,907.
Standby Revenue
The standby charge is applied to each lot, parcel or tract, which has been reserved for water and sewer capacity. The standby charges for this Fiscal Year are based on 13 units per month @ $20 per unit. The amount projected for this Fiscal Year is $3,120.
Processing Fees
A processing fee of $20 is charged to each new utility account. Based on the District’s history of new accounts, the projected amount for this fiscal year is $12,000.
Lien Revenue Fees
The Board adopted a $25 charge for an estoppel letter. Based on the prior years’ history of estoppel letters, the estimated amount for this fiscal year is $9,000.

REVENUES (Continued)

Delinquent Fees
The District levies a $25 charge for each month the account is delinquent until the account is current. The projected amount for this fiscal year is $290,000.
Contract Utility Billing Services
The District contracts out utility billing services for the benefit of cost sharing. This fiscal year the District expects to receive $69,019.
Contract HR & Payroll Services
The District provides human resource and payroll services to other Districts based on fees established under interlocal agreements. Budgeted fees are $14,098.
Rent Revenue
This line item represents the lease of office space to perform work on other Districts. The total revenue from this source is $69,174.
Technology Sharing Revenue
The District owns an IBM AS-400 computer system as well as a suite of proprietary software programs. Technology sharing is the revenue associated with the performance of duties on the Districts system, phone, fax, ISP and other technology hardware, used for the benefit of the District. The amount being reimbursed by other funds is $16,391.
Miscellaneous Revenues
Represents miscellaneous fees charged to customers for NSF, meter boxes, repairs and other services provided to customer by the District. Based on prior years’ experience, this amount is projected to be $0.

ADMINISTRATION EXPENDITURES

Salaries and Wages
The total amount of budgeted wages for this Fiscal Year is $1,344,445.

Special Pay
Special pay is a holiday bonus based on the employee’s number of years of service. This year’s expense is $2,702.
FICA Taxes
FICA tax is established by law and the current rate is 7.65%. Based on salaries of is $1,344,445 the amount projected for FICA tax is $102,850.
Pension Expense
The pension plan was established whereby the District makes contributions on behalf of each employee with other funds available to match contributions made by the employee to the deferred compensation plan. Based on salaries of 1,344,445 the amount projected for pension expense is
$161,333

Health Insurance
The District offers each employee Health, Life, Dental and Disability Insurance. The amount budgeted is $295,191.
Worker’s Compensation Insurance
The District Worker’s Compensation policy is currently with Florida Insurance Alliance. The projected amount for this Fiscal Year is $4,437.
Unemployment Compensation
Unemployment compensation is expected to be $0.

Tuition Reimmbursement
The budgeted amount is estimated to be $40,120.

ADMINISTRATION EXPENDITURES (Continued)

OPEB Expense
Other post-employment benefits (OPEB) are the benefits that an employee will begin to receive at the start of retirement. This does not include pension benefits paid to the retired employee (GASB Statements 74 and 75). The budgeted amount is estimated to be $2,862.
Engineering Fees
The District currently has a contract with Globaltech, to provide general engineering services not related to or associated with any specific capital improvement project. The contract includes preparation for monthly meetings, monthly reporting, and responses to requests from the Board. Based on anticipated general engineering work the fees are not expected to exceed $33,600.
Trustee Fees/Other Debt Expense
This expense includes charges associated with the currently existing outstanding bond issues. Pending bond fees & arbitrage costs are not included in this listing.
Trustee Fees (2016 Series)	$10,120	
AMTEC Report	 	600	
Total Expenses	$10,720	
Legal Fees		
The District currently has a contract with Lewis, Longman and Walker, PA as legal counsel for the District. This contract includes preparation for monthly board meetings, contract review, etc. In addition, the District expects to have additional expenses with changes to District codification. This year’s budget is not expected to exceed $60,000.

ADMINISTRATION EXPENDITURES (Continued)
Special Consulting Services
The District may need to engage a consultant that specializes in legislative codification matters that would amend the current charter. Included in those matters are bidding threshold requirements, efficiencies, gains, and benefits inherent in contract administration. Other consulting services may be incurred for special projects as needed. The anticipated cost for all of these services is $158,000.
Information & Technology Services
The District will hire a Consulting firm specialized in techology and cybersecurity to manage the Districts’ Network and computer. The projected amount for this service is estimated at $150,000.
Travel & Per Diem (Board)
This expense represents travel expenses for the Board of Supervisor ‘s and directors. The budgeted amount for this fiscal year is $8,000.
Annual Audit
The District’s auditing firm is Keefe, McCullough & Co., LLP. Based on the current activity level this amount should not exceed $14,800.
Actuarial Computation - OPEB
Florida state statutes require the employer to make health coverage available to retirees at the employer’s group rate. GASB 75 requires a periodic actuarial assessment of the cost and liability associated with these benefits. The budgeted amount for this fiscal year is $3,500.
Management Fees
This service includes management and financial advisory services provided to the District under the Management Contract with Inframark, LLC.  This fiscal year the expense is $93,445.

ADMINISTRATION EXPENDITURES (Continued)

Telephone Expense
Telephone Service, fax machine and long-distance calls are included under this expense. Based on the prior years’ experience, the amount should not exceed $15,200.
Postage
Overnight deliveries, correspondence, utility bills, etc.

Utility Billing	48,000	
Administrative	5,380	
Special Mailings	    2,400	
Total	$55,780	
Printing and Binding		
Stationary, utility billing forms, personnel forms, envelopes, photocopies, etc.

Utility Billing	39,600	
Accounting	2,000	
Personnel Department	3,000	
Marketing Materials	  2,000	
Total	$46,600	
Electric Expense		
This expense includes the electric service for the Administrative Building. Based on prior years’ expense the projected amount for this Fiscal Year is $14,600.

ADMINISTRATION EXPENDITURES (Continued)

Rentals and Leases
The following charges are being budgeted in the fiscal year:

Copier Lease	$	2,075	
Mail Machine	 	1,075	
Total	$	3,150	
Insurance		
The District retains Egis Insurance & Risk Advisors as our Insurance Agent, who on a yearly basis arranges the placement of the District insurance for property, general liability, and inland marine coverage. The expected amount for this Fiscal Year should not exceed $17,850.
Repair and Maintenance
The following expenses are anticipated for the budget year.

A/C Maintenance & Repairs	$13,900	
Pest Control	2,100	
Carpet, windows, floors & general cleaning	8,200	
Building small supplies/materials	1,800	
Roof Repairs	3,000	
Contingencies	    1,000	
Total	$ 30,000	

ADMINISTRATION EXPENDITURES (Continued)

Legal Advertising
The District does most of its legal advertising in the Sun-Sentinel. Expenses include monthly meetings, special meetings, public hearings, request for bids, etc. The estimated amount should not exceed $4,500.
Other Current Charges
Bank charges and any other miscellaneous expenses that occur during the year as follows:

Commercial Bank Charges	7,200	
Phone System Computer Boards	5,000	
Monitoring Fees	600	
Employment & Drug Screening	2,600	
Cleaners/Supplies/etc.	6,700	
Miscellaneous Charges	14,050	
TOTAL	$ 36,150	
Merchant Fees		

The District is charged monthly administrative fees as well as individual transaction fees on all credit card payments we receive. Based on last years’ experience the projected amount should not exceed
$87,400.

ADMINISTRATION EXPENDITURES (Continued)

Computer/Technology Expenses
This represents software, anti-virus, web hosting, tech services & additional computer project systems and support for this fiscal year which amount should not exceed $74,095.
Employment Ads
Recruiting Expenses for qualified candidates for Plant Operators, Field and Administration Personnel. Based on prior years’ experience the amount should not exceed $13,550.
Toilet Rebates
Utility bills are credited $99 for those customers who install a qualifying toilet under the rebate program established by the District. Budgeted rebates reflect a total of 150 toilets for $14,850.
Office Supplies
Accounting, Utility Billing and Administrative Supplies such as printer cartridges, file cabinets, computer supplies, file folders, pens, pencils, cleaning supplies, paper products, etc. Based on historical experience the amount should not exceed $4,000.
Dues, Licenses, Schools & Permits
This item includes professional publications such as GAAP Guide and Florida Statutes. This expense also covers the cost for continuing education requirements and license renewal, management training, and training related to human resources. The amount should not exceed $12,000.
Promotional Expenses
The District is budgeting $16,890 for the budget year.

Capital Outlay
The budgeted amount of $21,100 is being provided for the purchase of a new truck.

EXPENDITURES - PLANT OPERATIONS

Salaries and Wages
The total amount of budgeted wages for this Fiscal Year is $1,943,009.

Special Pay
Special pay is a holiday bonus based on the employee’s number of years of service. This year’s expense is $3,082.
FICA Taxes
FICA tax is established by law and the current rate is 7.65%. Based on salaries of $1,943,009 the amount projected for FICA tax is $148,640.
Pension Expense
The pension plan was established whereby the District makes contributions on behalf of each employee with other funds available to match contributions made by the employee to the deferred compensation plan. Based on salaries of $1,943,009 the amount projected for pension expense is
$233,161.

Health Insurance
The District offers each employee Health, Life, Dental and Disability Insurance. The amount budgeted is $479,543.
Worker’s Compensation Insurance
Worker’s compensation insurance is being budgeted for $105,777.

Tuition Reimbursement
The amount budgeted is $51,600.

EXPENDITURES - PLANT OPERATIONS (Continued)

OPEB Expense
Other post-employment benefits (OPEB) calculation budgeted amount is based on previous year calculation and estimated to be $4,682.
Water Quality Testing
Water Quality Testing is provided by Florida Spectrum Environmental Services, Inc. This Fiscal Year the projected amount for water quality testing is $63,163.
Telephone Expense
Telephone charges for this Fiscal Year include Bellsouth phone service for Water and Wastewater offices and Sprint phone services.  The projected amount for this fiscal year is $9,440.
Electric Expense
The electric requirements for the plant facility and wells are based upon the operating history. Based on prior year’s expense the projected amount for this Fiscal Year is $721,200.
Rentals and Leases
The District is budgeting $15,030 for miscellaneous equipment rentals.

Insurance
The District retains Egis Insurance & Risk Advisors as our Insurance Agent, who on a yearly basis arranges the placement of the District insurance for property, general liability, and inland marine coverage. The expense should not exceed $170,370.
Repairs & Maintenance
Repair and maintenance expenses anticipated to be spent in the fiscal year are as follows:

EXPENDITURES - PLANT OPERATIONS (Continued)

Water Department		
R&M general	95,160	
Generator maintenance & repairs	20,736	
Vibration Analysis Program	31,800	
R&M Well & Deep Well	142,770	
Instrument and Control Repairs/Calibration	43,000	
Facility Maintenance	 	49,300	

Total Water	$ 382,766	

Wastewater Department		
R&M General	95,690	
Generator Maintenance & Repair	23,710	
Deep Well Maintenance	62,000	
Instruments & Controls/ Meter Calibration	40,520	
Tank Cleaning - Plant E	55,000	
Paint interior Plant E	60,000	
Facility Maintenance	31,000	
Mechanical injection well	 	1,000	

Total Wastewater	$ 368,920

EXPENDITURES - PLANT OPERATIONS (Continued)

Maintenance		
R&M general	$10,800	
Vehicle Maintenance	10,400	
R&M trash pick up	8,370	
Lawn Maintenance Contract	69,000	
Other Facility Maintenance	 	15,000	
Total Maintenance	$113,570	

TOTAL REPAIRS & MAINTENANCE - PLANT	
$825,256	

Filters for Water Plant		

Budgeted replacement costs for filters, membranes and interconnectors for the Water Plant are
$201,800.

Sludge Management - Sewer
Sludge removal costs are budgeted for $142,000.

Chemicals
Products used in the process of Water & Wastewater treatments. The amount projected to be spent in this fiscal year is $379,220.
Office Supplies
Paper, pens, folders, and other office supplies. The projected amount for this fiscal year is $3,635.

EXPENDITURES - PLANT OPERATIONS (Continued)

Operating Supplies
General operating supplies include laboratory chemicals and miscellaneous tools and equipment. The projected amount is $59,350.
Uniforms
Uniform purchases, rentals and safety boot allowances are budgeted at $11,730.

Motor Fuels
Motor fuels include gasoline and diesel fuel needed for the operation of auxiliary generators. The projected amount is $117,176.
Dues, Licenses, Schools & Permits
This expense represents costs for license renewals, subscriptions, books and schooling required to maintain licenses to operate for plant employees. The projected amount for this fiscal year is
$66,990.

Capital Outlay
The District is budgeting for projects such as the addition of VFD’s to wells, valve replacement HSP building, membrane performance evaluation, blower 4 & 5 replacement as part of a grant requirement, 600KW emergency generator emergency generator, rebuilt old blower #1 and a risk & resiliency letter assistance from the engineering company to name some. The total amount budgeted is $1,900,000.

The budgeted capital outlay includes $989,000 that was approved for ongoing projects in the 2020/2021 fiscal year. These projects will not be completed by the end of the fiscal year and it is estimated that the outstanding amount for these projects will be charged in the 2021/2022 Fiscal year.

EXPENDITURES - FIELD OPERATIONS

Salaries and Wages
The total amount of budgeted wages for this fiscal year is $733,086.

Special Pay
Special pay is a holiday bonus based on the employee’s number of years of service. This year’s expense is $1,569.
FICA Taxes
FICA tax is established by law and currently is 7.65%. Based on salaries of $733,086 the amount projected for FICA tax is $59,141.
Pension Expense
The pension plan was established whereby the District makes contributions on behalf of each employee with other funds available to match contributions made by the employee to the deferred compensation plan. Based on salaries of $733,086 the amount projected for pension expense is
$92,770.

Health Insurance
The District offers each employee Health, Life, Dental and Disability Insurance. The amount budgeted is $227,462.
Worker’s Compensation Insurance
The District Worker’s Compensation policy is currently with Florida Insurance Alliance. The projected amount is $48,704.
Tution Reimbursement
The projected amount is $21,200.

EXPENDITURES - FIELD OPERATIONS (Continued)

OPEB Expense
Other post-employment benefits (OPEB) calculation budgeted amount is based on previous year calculation and estimated to be $3,000.
Water Quality Testing
Water Quality Testing is provided by Florida Spectrum Environmental Services, Inc. This Fiscal Year the projected amount for water quality testing is $1,000.
Naturescape Irrigation Service
Annual fee of $5,500 is paid to Broward County for the operation of the Naturescape irrigation service.
Telephone Expense
Telephone and fax machine are budgeted annually. Based on prior year’s experience the amount should not exceed $16,900.
Electric Expense
The electric requirements (for Lift Stations) are based upon the operating history. Based on prior years’ expense the projected amount for this fiscal year is $112,300.
Rentals & Leases
Equipment rental, other than for SCADA, is budgeted for $9,500.

Rent Expense-SCADA
The District will install and rent components for telemetry lift-station operation and monitoring for
$56,040.

EXPENDITURES - FIELD OPERATIONS (Continued)
Insurance
The District retains Egis Insurance & Risk Advisors as our Insurance Agent, who on a yearly basis arranges the placement of the District insurance for property, general liability, and inland marine coverage. The expected amount for this Fiscal year should not exceed $26,000.
Repairs and Maintenance
Following is a listing of the different repairs and maintenance needed for field operations

maintenance.		
GIS Services	$ 37,500	
Backhoe maintenance	8,000	
Jet machine service	4,000	
R&M general	5,000	
Air Conditioning	3,500	
R&M Facilities	4,500	
Backflow certifications & replacements	9,500	
Valve replacement & maintenance	10,000	
Streets & landscape	60,000	
Hydrants	18,000	
Vehicles	    20,000	
Total	Repairs & Maintenance	$180,000	

EXPENDITURES - FIELD OPERATIONS (Continued)

Lift Stations
This expense is to cover lift stations maintenance and repairs including new pumps and electrical supplies. The District operates 41 Lift Stations on the Field. The projected amount for this fiscal year is $198,850.
Generators
Amount projected for expenses related to Portable Generators including services and repairs. The District owns 7 Portable Generators. Budget amount should not exceed $34,600.
Meters
This program was setup to replace old meters. The projected amount for this fiscal year includes new connections and supplies costs. The amount being budgeted for new connections is $31,440.
Office Supplies
Paper, pens, folders, and other office supplies. The projected amount for this fiscal year is $1,680.

Operating Supplies
General operating supplies include laboratory chemicals and miscellaneous tools and equipment. The projected amount is $57,190.
Uniforms
Uniform purchases and rentals and safety boot allowances are budgeted at $5,730.

Motor Fuels
Motor fuels include gasoline and diesel fuel needed for the operation of portable generators. The projected amount is $22,860.

EXPENDITURES - FIELD OPERATIONS (Continued)

Dues, Licenses, Schools & Permits
This expense represents the cost for license renewals, subscriptions, books and schooling required to maintain their license to operate. The projected amount is $10,250.
Capital Outlay
The District is budgeting for projects such as the rehab of a lift station, purchase of one portable generator, sewer lining spot repairs, lift stations camera work and storage shed for generators. The expected amount for this Fiscal year should not exceed $1,020,000.

DEBT SERVICE
During FY 2015/2016, Coral Springs Improvement District refinanced Series 2007 Bonds with Refunded Revenue Bonds Series 2016 in the amount of $42,830,000 with a rate of 3.05%.
$38 million were used to the contruction project of water plant and $4 million has been set aside to take care of interest during the capitalized period, and to ensure those payments are available to the bondholders.
Debt service schedule represents the amount of money required to make payments on the principal and interest on the outstanding loan.
The schedule below reflects principal and interest obligations for the new fiscal year. Budgeted
$1,745,000 for principal and $1,076,040 for interest.