City of Coral Gables
Kings Bay Security Guard Special Taxing District Proposed Budget
Fiscal Year 2025

Units	143.00	
Assessment Per Unit	$	2,150.00	
		
REVENUE		
		
Gross Special Assessment	$	307,450.00	
Statutory Discount (4%)	$	(12,298.00)	
County Collection Costs (1.5%)	$	(4,611.75)	
Misc. Income (Gate Passes)	$	-	
		
Net Special Assessment Revenues	$	290,540.25	
		
REVENUE TOTAL	$  290,540.25	

EXPENSE		
		
Overhead/Direct Management	$	13,835.25	
City Staff Support	$	2,040.19	
		
Security Services	$	237,600.00	
Utilities	$	10,550.00	
Building Repair & Maintenance	$	15,000.00	
Landscaping	$	5,000.00	
Legal/Advertising/Elections	$	1,600.00	
Custodial & Pest Control	$	5,700.00	
Postage	$	450.00	
Miscellaneous	$	1,500.00	
		
EXPENSE TOTAL	$  293,275.44	

SURPLUS/(DEFICIT)	$	(2,735.19)