Sonoma Bay Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments	274,881	275,886	275,886	
Debt Assessments	173,041	173,569	173,569	
Other Revenues	0	0	0	
Interest Income	180	468	488	
				
TOTAL REVENUES	$	448,102	$	449,923	$	449,943	
				
EXPENDITURES				
Supervisor Fees	11,000	10,200	10,200	
Payroll Taxes - Employer	880	780	780	
Engineering/Inspections	2,500	1,000	0	
Lake Maintenance	1,500	1,000	750	
Fountain Maintenance	1,000	0	0	
Lighting	15,000	12,000	10,980	
Security	180,000	205,000	193,983	
Security - 2nd Roving Officer	12,000	0	0	
Management	28,632	28,632	28,632	
Legal	9,500	9,875	9,875	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,900	3,400	3,400	
Insurance	6,356	5,000	5,000	
Legal Advertisements	1,400	1,000	468	
Miscellaneous	1,100	1,400	1,098	
Postage	300	125	110	
Office Supplies	675	750	722	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	2,500	
Continuing Disclosure Fee	350	350	350	
Website Management	1,500	1,500	1,500	
TOTAL EXPENDITURES	$	287,768	$	292,187	$	278,023	
				
REVENUES LESS EXPENDITURES	$	160,334	$	157,736	$	171,920	
				
Bond Payments	(162,659)	(166,752)	(166,752)	
				
BALANCE	$	(2,325)	$	(9,016)	$	5,168	
				
County Appraiser & Tax Collector Fee	(8,958)	(4,907)	(4,907)	
Discounts For Early Payments	(17,917)	(13,518)	(13,518)	
				
EXCESS/ (SHORTFALL)	$	(29,200)	$	(27,441)	$	(13,257)	
				
Carryover From Prior Year	29,200	29,200	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	1,759	$	(13,257)	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$161,309	
($27,441)	
$133,868	

.
Notes
$29,200 Of Fund Balance Used To Reduce 2018/2019 Assessments.
$32,900 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

11/1/2019  1:11 PM	I

AMENDED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	25	1,893	1,893	
NAV Tax Collection	162,659	166,752	166,752	
Total Revenues	$	162,684	$	168,645	$	168,645	
				
EXPENDITURES				
Principal Payments	100,000	100,000	100,000	
Interest Payments	60,706	62,291	62,291	
Bond Redemption	1,978	0	0	

Total Expenditures	$	162,684	$	162,291	$	162,291	
				
Excess/ (Shortfall)	$	-	$	6,354	$	6,354	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$98,031	
$6,354	
$104,385	

Notes
Reserve Fund Balance = $40,233*. Revenue Fund Balance = $64,152*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $29,560.
* Approximate Amounts

Series 2015 Bond Refunding Information		
Original Par Amount =	$2,240,000	Annual Principal Payments Due:	
Interest Rate =	3.17% - 5.45%	May 1st	
Issue Date =	August 2015	Annual Interest Payments Due:	
Maturity Date =	May 2035	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$1,865,000		

11/1/2019 1:11 PM	II