Florida Green Finance Authority

Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET III	PARTICPANTS

FINAL BUDGET
FLORIDA GREEN FINANCE AUTHORITY FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

	
FISCAL YEAR 2017/2018
BUDGET	
Projected Carry Forward Surplus	25,000	
		
REVENUES		
O & M Funding Contributions	110,988	
O & M Assessments (Commercial)	9,326	
Loan Revenues (Residential)	1,111,600	
Bond/Loan Revenues (Commercial)	310,839	
Interest Income	180	
TOTAL REVENUES	$	1,542,933	
		
EXPENDITURES		
Management	30,000	
Legal	20,000	
Assessment Roll	8,450	
Audit Fees	6,000	
Insurance	3,188	
Legal Advertisements	4,000	
Miscellaneous	5,008	
Dues - Department Of Economic Opportunity	175	
Dues - Palm Beach County League Of Cities	600	
Trustee Fees	3,750	
Website Management	1,500	
TOTAL EXPENDITURES	$	82,671	
		
REVENUES LESS EXPENDITURES	$	1,460,262	
		
Loan Payments (Residential)	(1,111,600)	
Bond/Loan Payments (Commercial)	(310,839)	
		
BALANCE	$	37,823	
		
Fees (Residential)	(30,500)	
Fees (Commercial)	(7,323)	
		
Excess/ (Shortfall)	$	-	
		
Projected Fund Balance	25,000	

Notes
Approximate Participants As Of August 2017 Commencing Fiscal Year 2017/2018: 567 Commencing Fiscal Year 2018/2019: 278 Total: 845

9/15/2017 7:58 AM	I

DETAILED FINAL BUDGET
FLORIDA GREEN FINANCE AUTHORITY FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

	
FISCAL YEAR 2015/2016 ACTUAL	
FISCAL YEAR 2016/2017 BUDGET	
FISCAL YEAR 2017/2018 BUDGET	

COMMENTS	
Projected Carry Forward Surplus		0	25,000		
					
REVENUES					
O & M Funding Contributions	12,166	60,000	110,988	O & M Funding Contributions	
O & M Assessments (Commercial)	0	9,326	9,326	O & M Assessments (Commercial)	
Loan Revenues (Residential)	0	0	1,111,600	Loan Revenues (Residential)	
Bond/Loan Revenues (Commercial)	0	310,839	310,839	Bond/Loan Revenue (Commercial)	
Interest Income	69	60	180	Interest Estimated At $15 Per Month	
TOTAL REVENUES	$	12,235	$	380,225	$	1,542,933		
					
EXPENDITURES					
Management	6,000	20,000	30,000	$2,500 Per Month	
Legal	9,525	12,000	20,000	FY 2016/2017 Legal Expenditures As Of 7-31-17 Were $18,350	
Assessment Roll	0	0	8,450	845 X $10 - Based On Approximate Participants As Of Aug 2017	
Audit Fees	3,600	3,700	6,000	Audit Fee Increased Due To Increased Activity	
Insurance	2,842	3,126	3,188	Insurance Company Estimate	
Legal Advertisements	12,995	2,000	4,000	$2,000 Increase From 2016/2017 Budget	
Miscellaneous	1,963	5,008	5,008	No Change From 2016/2017 Budget	
Dues - Department Of Economic Opportunity	175	175	175	No Change From 2016/2017 Budget	
Dues - Palm Beach County League Of Cities	0	0	600	Dues - Palm Beach County League Of Cities	
Trustee Fees	3,640	3,500	3,750	$250 Increase From 2016/2017 Budget	
Website Management	0	1,500	1,500	Website Management	
TOTAL EXPENDITURES	$	40,740	$	51,009	$	82,671		
					
REVENUES LESS EXPENDITURES	$	(28,505)	$	329,216	$	1,460,262		
					
Loan Payments (Residential)	0	0	(1,111,600)	Loan Payments (Residential)	
Bond/Loan Payments (Commercial)	(5,020)	(319,890)	(310,839)	Bond/Loan Payments (Commercial)	
					
BALANCE	$	(33,525)	$	9,326	$	37,823		
					
Fees (Residential)	0	0	(30,500)	Fees (Residential)	
Fees (Commercial)	0	(9,326)	(7,323)	Fees (Commercial)	
					
Excess/ (Shortfall)	$	(33,525)	$	-	$	-		
					
Projected Fund Balance	0	0	25,000		

Notes
Approximate Participants As Of August 2017 Commencing Fiscal Year 2017/2018: 567 Commencing Fiscal Year 2018/2019: 278 Total: 845

9/15/2017 7:58 AM	II

FLORIDA GREEN FINANCE AUTHORITY PARTICIPANTS AS OF AUGUST 2017

COUNTY	
COMMENCING FISCAL YEAR 2017/2018	
COMMENCING FISCAL YEAR 2018/2019	

TOTAL	
				
Alachua	21	2	23	
Broward	334	104	438	
Charlotte	4	1	5	
Hillsborough	69	84	153	
Levy	1	1	2	
Marion	18	7	25	
Martin	10	0	10	
Miami-Dade	0	5	5	
Orange	9	4	13	
Palm Beach	29	15	44	
Pasco	72	53	125	
Seminole	0	2	2	
				
	567	278	845	

Notes: Numbers Are Approximates

9/15/2017 7:58 AM	III