The CDD’s budget is a financial plan that serves as a primary basis for financial decision-making and subsequent control of expenditures. The goal of this plan is to provide services at the levels established during the budget process, while simultaneously being flexible enough to enable the Board to address unexpected events and expenditures.
While the budgeting process must take into account the effects of projects with multi-year payoffs, for example the road repaving project, the actual detailed budget is constructed for a year … more specifically a fiscal year. A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting. Like the federal government and most municipalities, the Coral Bay CDD’s Fiscal Year runs October 1 through September 30 of the following calendar year. The expenses that make up the annual budget fall into the following two categories:
- The Operations and Maintenance (O&M) portion that applies to the general day-to-day administrative fees and costs as well as maintenance and repair of the infrastructure.
- The Debt portion, when applicable, that is for repayment of a debt that was obtained for a large infrastructure project (e.g., roadway resurfacing, perimeter wall). Being a CDD enables us to obtain funds at more favorable rates and using different vehicles (such as a bond) available to governmental entities.
The income to support the budget’s annual expense is provided by the annual assessment that is billed as part of the property tax bill.
After the end of each fiscal year, the Coral Bay CDD is required to have an independent audit and to then file a Financial Disclosure statement with the State of Florida’s Auditor General that covers the fiscal year that just ended. You can visit the Auditor General’s page for Coral Bay by following this link.
If you have any questions about the financial documents, please contact the District Management.
The documents on this page contain the line-by-line budget for the specific fiscal year named and are presented in PDF format. Starting in 2024-2025, the budget is also presented in RTF format.
Fiscal Year 2024 – 2025
- Fiscal Year 2024 – 2025 Adopted Budget (pdf) (Adopted 8/08/2024)
- Fiscal Year 2024 – 2025 Adopted Budget (rtf) (Adopted 8/08/2024)
Fiscal Year 2022 – 2023
- Fiscal Year 2022 – 2023 Adopted Budget (pdf) (Adopted 7/14/2022)
Fiscal Year 2023 – 2024
- Fiscal Year 2023 – 2024 Adopted Budget (pdf) (Adopted 7/13/2023)
Fiscal Year 2022 – 2023
- Fiscal Year 2022 – 2023 Adopted Budget (pdf) (Adopted 7/14/2022)
Fiscal Year 2021 – 2022
- Fiscal Year 2021 – 2022 Adopted Budget (pdf) (Adopted 7/8/2021)
- Fiscal Year 2021 – 2022 Amended Budget (pdf) (Amended 11/10/2022)
Fiscal Year 2020 – 2021
- Fiscal Year 2020 – 2021 Adopted Budget (pdf) (Adopted 8/13/2020)
Fiscal Year 2019 – 2020
- Fiscal Year 2019 – 2020 Adopted Budget (pdf) (Adopted 6/13/2019)
Fiscal Year 2018 – 2019
- Amended Fiscal Year 2018 – 2019 Adopted Budget (rtf) (Amended 10/10/2019)
- Fiscal Year 2018 – 2019 Adopted Budget (pdf) (Adopted 6/14/2018)
Fiscal Year 2017 – 2018
- Fiscal Year 2017 – 2018 Adopted Budget (pdf) (Adopted 7/13/2017)
Fiscal Year 2016 – 2017
- Fiscal Year 2016 – 2017 Adopted Budget (pdf) (Adopted 7/14/2016)
Budgets For Fiscal Year 2015 – 2016 and Prior Years
Budgets for Fiscal Year 2015 – 2016 and prior years may be available in printed form. If you wish to access these budgets, please contact Coral Bay’s Records Custodian:
Richard P. Hans
5385 N. Nob Hill Road
Sunrise, FL 33351
Phone: 954-721-8681, Ext. 208
Fax: 954-721-9202