City of Coral Gables	
Gables-By-The-Sea Security Guard Special Taxing District	
Proposed Budget	
Fiscal Year 2026	

	Coral Gables	Pinecrest	Total	
Units	375.50	146.00	521.50	
Assessment Per Unit	$	1,450.00	$	1,450.00	$	1,450.00	
				
REVENUE				
				
Gross Special Assessment	$ 544,475.00	$ 211,700.00	$ 756,175.00	
Statutory Discount (4%)	$ (21,779.00)	$	(8,468.00)	$ (30,247.00)	
Collection Costs	$	(8,167.13)	$	(3,175.50)	$ (11,342.63)	
				
Net Special Assessment Revenues	$ 514,528.88	$ 200,056.50	$ 714,585.38	
				
REVENUE TOTAL	$ 514,528.88	$ 200,056.50	$ 714,585.38	
				
EXPENSE				
				
Overhead/Direct Management	$	24,501.38	$	9,526.50	$	34,027.88	
City Staff Support	$	2,040.19	$	952.65	$	2,992.84	
Security Services	$ 378,020.13	$ 146,979.87	$ 525,000.00	
Electric & Telephone Utilities	$	1,800.10	$	699.90	$	2,500.00	
Water & Sewer Utilities	$	1,440.08	$	559.92	$	2,000.00	
Building Repair & Maintenance	$	4,320.23	$	1,679.77	$	6,000.00	
Landscaping	$	3,600.19	$	1,399.81	$	5,000.00	
Facility & Gate Management	$	10,800.58	$	4,199.42	$	15,000.00	
Legal/Advertising	$	1,800.10	$	699.90	$	2,500.00	
Custodial & Pest Control	$	2,880.15	$	1,119.85	$	4,000.00	
Printing & Mailing	$	1,080.06	$	419.94	$	1,500.00	
Facility Upgrades	$	36,001.92	$	13,998.08	$	50,000.00	
				
EXPENSE TOTAL	$ 468,285.10	$ 182,235.62	$ 650,520.72	
				
SURPLUS/(DEFICIT)	$	46,243.78	$	17,820.88	$	64,064.66	

NOTE: Surplus will be added to operating reserves.