City of Coral Gables	
Kings Bay Security Guard Special Taxing District	
Proposed Budget	
Fiscal Year 2026	

Units	143.00	
Assessment Per Unit	$	2,100.00	
		
REVENUE		
		
Gross Special Assessment	$	300,300.00	
Statutory Discount (4%)	$	(12,012.00)	
County Collection Costs	$	(4,504.50)	
		
Net Special Assessment Revenues	$	283,783.50	
		
REVENUE TOTAL	$	283,783.50	

EXPENSE		
		
Overhead/Direct Management	$	13,513.50	
City Staff Support	$	2,040.19	
Security Services	$	254,500.00	
Electric Utilities	$	1,000.00	
Building Repair & Maintenance	$	15,000.00	
Landscaping	$	5,000.00	
Legal/Advertising/Elections	$	1,600.00	
Custodial & Pest Control	$	5,000.00	
Postage	$	500.00	
Miscellaneous	$	500.00	
		
EXPENSE TOTAL	$	298,653.69	

SURPLUS/(DEFICIT)	$	(14,870.19)	

NOTE: Deficit will be funded with excess reserves