Narcoossee
Community Development District

Proposed Budget
FY 2025

Table of Contents

1-2

3-9

10

11

12

13

14

15

General Fund

General Fund Narrative

O&M Assessment Allocation Chart

Debt Service Fund

Amortization Schedule - Series 2013 A-1

Amortization Schedule - Series 2013 A-2

Debt Service Assessment Allocation Chart

Combined Capital Reserve Fund

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues						

Maintenance Assessments	$	453,836	$	397,277	
$	56,558	
$	453,836	
$	590,210	
Interest	$	-	$	878	$	627	$	1,505	$	752	
Beginning Fund Balance*	$	30,132	$	35,533	$	-	$	35,533	$	9,704	
Total Revenues	$	483,968	$	433,688	$	57,185	$	490,874	$	600,667	

Expenditures						
Administrative
Supervisor Fees	
$	6,000	
$	3,400	
$	2,500	
$	5,900	
$	6,000	
FICA Expense	$	459	$	260	$	191	$	451	$	459	
Engineering Fees	$	7,800	$	1,088	$	6,713	$	7,800	$	7,800	
Assessment Roll	$	5,000	$	5,000	$	-	$	5,000	$	5,250	
Attorney	$	12,000	$	6,833	$	5,000	$	11,833	$	12,000	
Annual Audit	$	3,150	$	3,105	$	-	$	3,105	$	3,150	
Dissemination Agent	$	1,325	$	773	$	552	$	1,325	$	1,392	
Arbitrage	$	600	$	600	$	-	$	600	$	600	
Trustee Fees	$	3,000	$	2,963	$	-	$	2,963	$	3,000	
Management Fees	$	52,279	$	30,496	$	21,783	$	52,279	$	56,200	
Information Technology	$	1,590	$	928	$	663	$	1,590	$	1,670	
Website Maintenance	$	1,272	$	742	$	530	$	1,272	$	1,336	
Telephone	$	25	$	-	$	10	$	10	$	25	
Postage	$	450	$	131	$	188	$	319	$	450	
Insurance	$	35,364	$	33,204	$	-	$	33,204	$	37,262	
Printing & Binding	$	200	$	19	$	83	$	103	$	200	
Legal Advertising	$	1,900	$	-	$	1,900	$	1,900	$	1,900	
Other Current Charges	$	2,000	$	782	$	725	$	1,507	$	2,000	
Office Supplies	$	50	$	2	$	21	$	23	$	50	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Contingency	$	274	$	5,500	$	274	$	5,774	$	274	
Administrative Expenses	$	134,912	$	96,000	$	41,132	$	137,132	$	141,193	

Maintenance						
NonaCrest						
Field Management	$	4,773	$	2,785	$	1,989	$	4,773	$	5,012	
Landscape Maintenance	$	54,540	$	31,815	$	22,725	$	54,540	$	55,767	
Irrigation Repairs	$	5,000	$	2,461	$	2,539	$	5,000	$	5,000	
Lake Maintenance	$	4,775	$	2,653	$	1,895	$	4,548	$	4,684	
Wall Repairs/Cleaning	$	2,500	$	-	$	2,500	$	2,500	$	2,500	
Feature Lighting	$	1,000	$	2,735	$	-	$	2,735	$	1,000	
Miscellaneous Common Area	$	5,000	$	6,878	$	-	$	6,878	$	5,000	
Tree Trimming	$	-	$	-	$	-	$	-	$	24,384	
Total Nona Crest	$	77,589	$	49,327	$	31,648	$	80,975	$	103,348	

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
	FY2024	4/30/24	5 Months	9/30/24	FY2025	
La Vina						
Field Management	$	12,222	$	7,129	$	5,092	$	12,221	$	12,833	
Landscape Maintenance	$	82,172	$	47,934	$	34,238	$	82,172	$	84,021	
Irrigation Repairs	$	10,500	$	1,974	$	4,375	$	6,349	$	10,500	
Lake Maintenance	$	5,064	$	2,814	$	2,010	$	4,823	$	4,968	
Utilities	$	6,072	$	3,868	$	2,204	$	6,072	$	6,679	
Wall Repairs/Cleaning	$	3,000	$	370	$	1,250	$	1,620	$	3,000	
Solvino Streetlighting	$	3,168	$	1,498	$	1,670	$	3,168	$	3,485	
Capri Streetlighting	$	4,356	$	1,990	$	2,040	$	4,030	$	4,433	
Miscellaneous Common Area	$	5,000	$	6,433	$	-	$	6,433	$	5,000	
Tree Trimming	$	-	$	-	$	-	$	-	$	35,302	
Total La Vina	$	131,554	$	74,010	$	52,880	$	126,889	$	170,221	

Nona Preserve						
Field Management	$	5,270	$	3,074	$	2,196	$	5,270	$	5,533	
Landscape Maintenance	$	58,500	$	34,125	$	24,375	$	58,500	$	59,816	
Irrigation Repairs	$	4,500	$	-	$	1,875	$	1,875	$	4,500	
Lake Maintenance	$	4,813	$	2,674	$	1,910	$	4,584	$	4,722	
Miscellaneous Common Area	$	2,500	$	-	$	1,700	$	1,700	$	2,500	
Tree Trimming	$	-	$	-	$	-	$	-	$	13,151	
Total Nona Preserve	$	75,583	$	39,873	$	32,056	$	71,929	$	90,222	

Parcels G & H						
Field Management	$	3,147	$	1,836	$	1,311	$	3,147	$	3,305	
Landscape Maintenance	$	29,248	$	17,061	$	12,187	$	29,248	$	29,906	
Lake Maintenance	$	1,803	$	1,001	$	715	$	1,717	$	1,768	
Total Parcels G & H	$	34,198	$	19,899	$	14,213	$	34,112	$	34,979	
						
Total Maintenance Expenditures	$	318,924	$	183,108	$	130,797	$	313,905	$	398,770	

Other Sources/(Uses)
Transfer Out to Capital Reserves	

$	30,132	

$	16,514	

$	13,618	

$	30,132	

$	9,704	
Reserve Contribution - Nona Crest	$	-	$	-	$	-	$	-	$	9,886	
Reserve Contribution - La Vina	$	-	$	-	$	-	$	-	$	9,960	
Reserve Contribution - Nona Preserve	$	-	$	-	$	-	$	-	$	8,379	
Reserve Contribution - Parcels G & H	$	-	$	-	$	-	$	-	$	22,775	
Total Other Sources/(Uses)	$	30,132	$	16,514	$	13,618	$	30,132	$	60,704	

Total Expenditures

$

483,968	$

295,622	$

185,547	$

481,169	$

600,667

Excess Revenues/(Expenditures)*	$	0	$	138,066	$	(128,362)	$	9,704	$	-	

* Reduced for First Quarter Operating	
Net Assessments	
$590,963	
	Add: Discounts & Collections	$37,721	
	Gross Assessments	$628,684	

Revenues:

Maintenance Assessments

The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund all General Operating and Maintenance Expenditures for the fiscal year.

Beginning Fund Balance

Represents the total funds estimated to be available at the beginning of the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount is based upon 5 Supervisors attending 6 Board Meetings during the fiscal year.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees

The District’s engineer, Dewberry, will be providing general engineering services to the District, i.e., attendance and preparation for monthly Board meetings, review invoices, etc.

Assessment Roll

Expenses related to administering the annual assessments on the tax roll with the Orange County Tax Collector.

Attorney

The District’s legal counsel, KE Law Group, PLLC provides general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, agreements, resolutions, etc.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau & Associates provides this service.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15(c) (2)-12(b) (5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with Governmental Management Services – Central Florida LLC, the District’s bond underwriter, to provide this service.

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District’s Series 2013A-1 & 2013 A-2 Special Assessment Revenue Bonds. The District hired Grau & Associates to calculate the rebate liability and submit a report to the District.

Trustee Fees

The District issued Series 2013A-1 & 2013A-2 Special Assessment Refunding Bonds, which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. These services include, but are not limited to, advertising, recording and transcribing of Board Meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage

Mailing of agenda packages, overnight deliveries, checks for vendors and any other required correspondence, etc.

Insurance

The District’s general liability, public officials liability and property insurance coverages is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other Current Charges

Includes bank charges and any other miscellaneous expenses that are incurred during the year.

Property Appraiser

Represent the Fiscal Year 18 fees to be paid to the Orange County Property Appraiser for annual assessment roll administration.

Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies. Governmental Management Services – Central Florida, LLC provides these services.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Commerce for $175. This is the only expense under this category for the District.

Contingency

Represents any other miscellaneous charges that the District may incur.

Maintenance:

Nona Crest

Field Management

The District currently has a contract with Governmental Management Services – Central Florida, LLC. to provide field management services.

Landscape Maintenance

The District currently has a contract with Yellowstone Landscape to provide Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.

Vendor: Yellowstone Landscape	Annual Costs
Landscape Maintenance: Contract Cost of $4,647.25 monthly	$55,767
Total Costs	$55,767

Irrigation Repairs

Irrigation maintenance expenditures that may occur during the fiscal year.

Lake Maintenance

The District currently has a contract with Applied Aquatic Management, Inc., which provide Lake Maintenance to all the lakes inside Narcoossee CDD. These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.	Annual Costs
Lake Maintenance: Contract Cost of $390.33 monthly	$4,684
Total Costs	$4,684

Wall Repair/Cleaning
The District will incur expenditures to maintain the wall. Includes cleaning and landscaping.

Feature Lighting
Replacement and repair of up light fixtures.

Miscellaneous Common Area
Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

Tree Trimming
Estimated cost for tree trimming within the District.

La Vina

Field Management

The District currently has a contract with Governmental Management Services – Central Florida, LLC. to provide field management services.

Landscape Maintenance

The District currently has a contract with Yellowstone Landscape to provide Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.

Vendor: Yellowstone Landscape	Annual Costs
Landscape Maintenance: Contract Cost of $7,001.75 monthly	$84,021
Total Costs	$84,021

Irrigation Repairs

Irrigation maintenance expenditures that may occur during the fiscal year.

Lake Maintenance

The District currently has a contract with Applied Aquatic Management, Inc., which provide Lake Maintenance to all the lakes inside Narcoossee CDD. These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal. The amount also includes unscheduled maintenance.

Vendor: Applied Aquatic Management, Inc.	Annual Costs
Lake Maintenance: Contract Cost of $414 month	$4,968
Total Costs	$4,968

Utilities

The District has electrical and water accounts with Orlando Utilities Commission for the areas maintained by the District.

Vendor: Orlando Utilities Commission	Annual Costs
Reclaimed Water - $540.1/month	$6,481.2
Electric - $16.5/month	$198
Total Costs	$6,679.2

Wall Repairs/Cleaning
Funding for cleaning or needed repairs of La Vina District wall.

Solvino Streetlighting
The District funds the streetlights within the Solvino community.

Vendor: Orlando Utilities Commission	Annual Costs
Electric - $290.42/month	$3,485

Capri Streetlighting

The District funds the streetlights within the Capri community.

Vendor: Orlando Utilities Commission	Annual Costs
Electric - $369.42/month	$4,433

Miscellaneous Common Area Maintenance

Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

Tree Trimming
Estimated cost for tree trimming within the District.

Nona Preserve

Field Management

The District currently has a contract with Governmental Management Services – Central Florida, LLC. to provide field management services.

Landscape Maintenance

The District currently has a contract with Yellowstone Landscape to provide Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.

Vendor: Yellowstone Landscape	Annual Costs
Landscape Maintenance: Contract Cost of $4,984.67 monthly	$59,816

Irrigation Repairs

Irrigation maintenance expenditures that may occur during the fiscal year.

Lake Maintenance

These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.	Annual Costs
Lake Maintenance: Contract Cost of $393.5 monthly	$4,722

Miscellaneous Common Area Maintenance
Miscellaneous common area maintenance expenditures that may occur during the fiscal year.

Tree Trimming
Estimated cost for tree trimming within the District.

Parcel G & H

Field Management

The District currently has a contract with Governmental Management Services – Central Florida, LLC. to provide field management services.

Landscape Maintenance

The District currently has a contract with Yellowstone Landscape to provide Landscape Maintenance. These services include mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer, and planting annuals.)

Vendor: Yellowstone Landscape	Annual Costs
Landscape Maintenance: Contract Cost of $2,492.17 monthly	$29,906

Lake Maintenance

These services include monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Vendor: Applied Aquatic Management, Inc.	Annual Costs
Lake Maintenance: Contract Cost of $147.33 monthly	$1768

Transfer Out – Capital Reserve Fund

Represents projected excess funds above operating capital requirements in the General Fund.

Reserve Contribution
At the direction of the Board that recognizes the need for proper reserve planning, we have conducted a Reserve Study of Narcoossee Community Development District.

Narcoossee
Community Development District
Proposed Budget Maintenance Assessment Calculation

Subdivision

Track

Units

Total Proposed Annual Gross	Proposed Gross Street Lighting	Gross
Maintenance		Maintenance	 Supplement	Maintenance Per		Increase Per Unit FY24	Per Unit FY25	Assessment		Unit FY25	(Decrease)

O&M

NonaCrest		C	SF50	159	$	410.27	$	556.05	N/A	$	556.05	$	145.78	$	88,413	
		D	SF70		110		$	410.27	$	556.05	N/A	$	556.05	$	145.78	$	61,166	

LaVina	

Mirabella	

A	

SF50	269

107	

$	590.32	

$	784.47	

N/A	

$	784.47	

$	194.16	

$	83,938	
	Ziani	B	SF75	66	$	590.32	$	784.47	N/A	$	784.47	$	194.16	$	51,775	
	Capri	E	SF50	48	$	590.32	$	784.47	$	98.24	$	882.71	$	292.40	$	42,370	
	Solvino	F	SF50		50		$	590.32	$	784.47	$	74.14	$	858.62	$	268.30	$	42,931	
				271							

Lake Nona Preserve	
K	
Multi	
228	
$	456.09	
$	568.31	
N/A	
$	568.31	
$	112.22	
$	129,574	
	G	Comm/Office	130704	$	0.16	$	0.21	N/A	$	0.21	$	0.05	$	27,106	
	G	Multi Family	420	$	162.13	$	207.38	N/A	$	207.38	$	45.25	$	87,101	
	H	Comm/Office	69000	$	0.16	$	0.21	N/A	$	0.21	$	0.05	$	14,310	
Total Gross Assessments									$	628,684	

Proposed Budget Debt Service Fund

	Adopted Budget	Actual thru	Projected Next	Total Projected	Proposed Budget	
	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues						
Assessments - Tax Roll	$	317,584	$	278,005	$	39,579	$	317,584	$	317,584	
Interest Income	$	-	$	11,694	$	8,353	$	20,047	$	10,023	
Carry Forward Surplus	$	258,874	$	271,306	$	-	$	271,306	$	297,158	
Total Revenues	$	576,457	$	561,005	$	47,931	$	608,937	$	624,765	
Expenditures						

Series 2013A-1
Interest - 11/1	

$	34,374	

$	34,374	

$	-	

$	34,374	

$	31,749	
Principal - 5/1	$	140,000	$	-	$	140,000	$	140,000	$	145,000	
Interest - 5/1	$	34,374	$	-	$	34,374	$	34,374	$	31,749	
Series 2013A-2						
Interest - 11/1	$	21,516	$	21,516	$	-	$	21,516	$	19,828	
Principal - 5/1	$	60,000	$	-	$	60,000	$	60,000	$	60,000	
Interest - 5/1	$	21,516	$	-	$	21,516	$	21,516	$	19,828	
Total Expenditures	$	311,779	$	55,889	$	255,889	$	311,779	$	308,154	
						
Excess Revenues/(Expenditures)*	$	264,679	$	505,116	$	(207,958)	$	297,158	$	316,611	
			
Series 2013A-1	
Nov 1, 2025	
$	28,921.25	
			Series 2013A-2	Nov 1, 2025	 $	18,140.63 	

* Excess Revenues will be utilized to pay November 1 semi-annual interest payment.

$47,062

Net Assessments	$317,584	
Add: Discounts & Collections	$20,271	
Gross Assessments	$337,855	

Date		Balance	Prinicpal	Interest	Total	
						
11/01/24	$	1,550,000.00	$	-	$	31,748.75	$	206,122.50	
05/01/25	$	1,550,000.00	$	145,000.00	$	31,748.75		
11/01/25	$	1,405,000.00	$	-	$	28,921.25	$	205,670.00	
05/01/26	$	1,405,000.00	$	150,000.00	$	28,921.25		
11/01/26	$	1,255,000.00	$	-	$	25,921.25	$	204,842.50	
05/01/27	$	1,255,000.00	$	160,000.00	$	25,921.25		
11/01/27	$	1,095,000.00	$	-	$	22,721.25	$	208,642.50	
05/01/28	$	1,095,000.00	$	165,000.00	$	22,721.25		
11/01/28	$	930,000.00	$	-	$	19,297.50	$	207,018.75	
05/01/29	$	930,000.00	$	170,000.00	$	19,297.50		
11/01/29	$	760,000.00	$	-	$	15,770.00	$	205,067.50	
05/01/30	$	760,000.00	$	180,000.00	$	15,770.00		
11/01/30	$	580,000.00	$	-	$	12,035.00	$	207,805.00	
05/01/31	$	580,000.00	$	185,000.00	$	12,035.00		
11/01/31	$	395,000.00	$	-	$	8,196.25	$	205,231.25	
05/01/32	$	395,000.00	$	195,000.00	$	8,196.25		
11/01/32	$	200,000.00	$	-	$	4,150.00	$	207,346.25	
05/01/33	$	200,000.00	$	200,000.00	$	4,150.00	$	204,150.00	
			$	1,550,000.00	$	337,522.50	$	2,061,896.25	

Date		Balance	Prinicpal	Interest	Total	
						
11/01/24	$	705,000.00	$	-	$	19,828.13	$	101,343.75	
05/01/25	$	705,000.00	$	60,000.00	$	19,828.13		
11/01/25	$	645,000.00	$	-	$	18,140.63	$	97,968.75	
05/01/26	$	645,000.00	$	65,000.00	$	18,140.63		
11/01/26	$	580,000.00	$	-	$	16,312.50	$	99,453.13	
05/01/27	$	580,000.00	$	70,000.00	$	16,312.50		
11/01/27	$	510,000.00	$	-	$	14,343.75	$	100,656.25	
05/01/28	$	510,000.00	$	75,000.00	$	14,343.75		
11/01/28	$	435,000.00	$	-	$	12,234.38	$	101,578.13	
05/01/29	$	435,000.00	$	80,000.00	$	12,234.38		
11/01/29	$	355,000.00	$	-	$	9,984.38	$	102,218.75	
05/01/30	$	355,000.00	$	85,000.00	$	9,984.38		
11/01/30	$	270,000.00	$	-	$	7,593.75	$	102,578.13	
05/01/31	$	270,000.00	$	85,000.00	$	7,593.75		
11/01/31	$	185,000.00	$	-	$	5,203.13	$	97,796.88	
05/01/32	$	185,000.00	$	90,000.00	$	5,203.13		
11/01/32	$	95,000.00	$	-	$	2,671.88	$	97,875.00	
05/01/33	$	95,000.00	$	95,000.00	$	2,671.88	$	97,671.88	
			$	705,000.00	$	212,625.00	$	999,140.63	

	Proposed Budget
Debt Assessment Calculation		
		Proposed		

Subdivision	

Track	Units	FY2025
Annual Gross Debt Per Unit	

Total Debt	
NonaCrest	C	SF50	158	$	301.13	$	47,579	
	D	SF70	111	$	481.81	$	53,481	
LaVina				
	A	SF50	107	$	301.13	$	32,221	
	B	SF75	65	$	566.13	$	36,798	
	E	SF50	48	$	301.13	$	14,454	
	F	SF50	50	$	301.13	$	15,057	
Lake Nona Preserve	K	Multi	228	$	240.91	$	54,927	
	G	Comm/Office	130704	$	0.20	$	26,141	
	G	Multi Family	370	$	117.29	$	43,397	
	H	Comm/Office	69000	$	0.20	$	13,800	

Total Gross Assessment	$	337,855

Adopted Budget Combined Capital Reserve Fund

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected	Proposed
Budget	
	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues						
Transfer In	$	30,132	$	16,514	$	13,618	$	30,132	$	9,704	
Interest	$	-	$	18	$	13	$	30	$	15	
Reserve Contribution	$	-	$	-	$	-	$	-	$	51,000	
Carry Forward Surplus	$	269,104	$	298,733	$	-	$	298,733	$	311,429	
Total Revenues	$	299,236	$	315,264	$	13,631	$	328,895	$	372,149	

Expenditures						
Capital Projects	$	17,000	$	16,514	$	486	$	17,000	$	17,000	
Contingency	$	2,000	$	272	$	194	$	466	$	2,000	
Well Repair	$	-	$	-	$	-	$	-	$	100,000	
Total Expenditures	$	19,000	$	16,786	$	680	$	17,466	$	119,000	
						
Excess Revenues/(Expenditures)	$	280,236	$	298,479	$	12,951	$	311,429	$	253,149