Ave Maria Master Irrigation Utility

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

AMENDED FINAL BUDGET
AVE MARIA MASTER IRRIGATION UTILITY FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

$	231,999

$	(388,569)

$	(156,570)

FUND BALANCE AS OF 9/30/2024

PROJECTED FY 2024/2025 ACTIVITY

PROJECTED FUND BALANCE AS OF 9/30/2025

REVENUES

FISCAL YEAR 2024/2025 ANNUAL BUDGET

FISCAL YEAR 2024/2025
AMENDED FINAL BUDGET

YEAR TO DATE ACTUAL
10/1/2024 - 9/29/2025

Ave Maria Utility Revenue (Irrigation)

1,760,626

1,583,145

1,583,145

Developer Contribution

238,939

238,938

238,938

Connection Fees

2,700

9,938

9,938

Installations

141,738

127,844

127,844

Miscellaneous Revenue

10,416

4,032

4,032

Interest

0

6,097

6,097

Peninsula True-Up Of Expenditures

0

0

0

Total Revenues

$	2,154,419

$	1,969,994

$	1,969,994

EXPENDITURES

Management Fee

250,247

250,247

250,247

Electricity

259,394

259,394

259,394

Labor & Benefits

590,163

590,163

590,163

Chemicals

1,500

1,500

1,500

Repairs & Maintenance

167,565

167,565

167,565

Testing

1,500

1,500

1,500

Meter Purchase

225,620

225,630

225,620

Meter Installation

9,971

9,971

9,971

Other Direct Costs

216,330

216,330

216,330

Administration Fee

12,000

12,000

12,000

AMUC Bulk Water Charge (Reclaimed)

420,129

474,263

474,263

Peninsula True-Up Of Expenditures

0

150,000

0

Total Expenditures

$	2,154,419

$	2,358,563

$	2,208,553

Excess/ (Shortfall)

$	-

$	(388,569)

$	(238,559)