Sonoma Bay Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	274,790	275,470	275,470	
Debt Assessments	173,041	173,426	173,426	
Other Revenues	0	0	0	
Interest Income	240	171	171	
				
TOTAL REVENUES	$	448,071	$	449,067	$	449,067	
				
EXPENDITURES				
Supervisor Fees	11,000	10,400	10,400	
Payroll Taxes - Employer	880	578	578	
Engineering/Inspections	1,500	0	0	
Lake Maintenance	1,250	500	0	
Fountain Maintenance	1,000	500	0	
Lighting	13,000	10,733	10,733	
Security	191,580	257,000	247,633	
Off Duty Police Officer	25,000	10,000	8,960	
Management	28,632	28,632	28,632	
Legal	9,500	15,312	15,312	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,600	3,600	3,600	
Insurance	6,000	5,513	5,513	
Legal Advertisements	1,200	2,700	2,343	
Miscellaneous	1,000	1,500	924	
Postage	300	550	516	
Office Supplies	725	925	863	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	2,500	
Continuing Disclosure Fee	350	350	350	
Website Management	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	308,692	$	360,968	$	348,532	
				
REVENUES LESS EXPENDITURES	$	139,379	$	88,099	$	100,535	
				
Bond Payments	(162,659)	(166,156)	(166,156)	
				
BALANCE	$	(23,280)	$	(78,057)	$	(65,621)	
				
County Appraiser & Tax Collector Fee	(8,957)	(4,950)	(4,950)	
Discounts For Early Payments	(17,913)	(14,640)	(14,640)	
				
EXCESS/ (SHORTFALL)	$	(50,150)	$	(97,647)	$	(85,211)	
				
Carryover From Prior Year	50,150	50,150	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(47,497)	$	(85,211)	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$116,765	
($97,647)	
$19,118	

.
Notes
$50,150 Of Fund Balance Used To Reduce 2020/2021 Assessments.

10/23/2021  3:47 PM	I

AMENDED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	200	40	40	
NAV Tax Collection	162,659	166,156	166,156	
Total Revenues	$	162,859	$	166,196	$	166,196	
				
EXPENDITURES				
Principal Payments	105,000	105,000	105,000	
Interest Payments	54,286	55,951	55,951	
Bond Redemption	3,573	0	0	

Total Expenditures	$	162,859	$	160,951	$	160,951	
				
Excess/ (Shortfall)	$	-	$	5,245	$	5,245	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$112,476	
$5,245	
$117,721	

Notes
Reserve Fund Balance = $40,018*. Revenue Fund Balance = $77,703*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $26,311.
* 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 9/30/21 =	$1,660,000		

10/23/2021 3:47 PM	II