Sonoma Bay Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 ORIGINAL BUDGET 10/1/21 - 9/30/22	FISCAL YEAR 2021/2022 ADJUSTED BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	314,199	157,363	157,694	157,694	
Debt Assessments	173,041	173,041	173,334	173,334	
Other Revenues	0	0	0	0	
Interest Income	240	240	134	134	
					
TOTAL REVENUES	$	487,480	$	330,644	$	331,162	$	331,162	
					
EXPENDITURES					
Supervisor Fees	11,000	11,000	5,600	5,600	
Payroll Taxes - Employer	880	880	367	367	
Engineering/Inspections	1,500	1,500	3,000	1,913	
Lake Maintenance	1,250	1,250	750	0	
Fountain Maintenance	1,000	1,000	750	0	
Lighting	13,000	13,000	11,500	10,840	
Security	178,000	29,308	21,162	21,162	
Off Duty Police Officer	25,000	25,000	2,963	2,963	
Management	28,632	28,632	28,632	28,632	
Legal	9,500	9,500	10,133	10,133	
Assessment Roll	7,500	7,500	7,500	7,500	
Audit Fees	3,700	3,700	3,700	3,700	
Insurance	6,000	6,000	5,706	5,706	
Legal Advertisements	1,600	1,600	1,300	868	
Miscellaneous	1,000	1,000	1,000	639	
Postage	300	300	145	133	
Office Supplies	700	700	650	605	
Dues & Subscriptions	175	175	175	175	
Trustee Fee	2,500	2,500	2,500	2,500	
Continuing Disclosure Fee	350	350	350	350	
Website Management	2,000	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	295,587	$	146,895	$	109,883	$	105,786	
					
REVENUES LESS EXPENDITURES	$	191,893	$	183,749	$	221,279	$	225,376	
					
Bond Payments	(162,659)	(162,659)	(165,841)	(165,841)	
					
BALANCE	$	29,234	$	21,090	$	55,438	$	59,535	
					
County Appraiser & Tax Collector Fee	(9,744)	(7,030)	(4,300)	(4,300)	
Discounts For Early Payments	(19,490)	(14,060)	(11,333)	(11,333)	
					
EXCESS/ (SHORTFALL)	$	-	$	-	$	39,805	$	43,902	
					
Carryover From Prior Year	0	0	0	0	
					
NET EXCESS/ (SHORTFALL)	$	-	$	-	$	39,805	$	43,902	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$33,677	
$39,805	
$73,482	

.

10/31/2022 8:34 AM	I

AMENDED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	227	227	
NAV Tax Collection	162,659	165,841	165,841	
Total Revenues	$	162,684	$	166,068	$	166,068	
				
EXPENDITURES				
Principal Payments	105,000	105,000	105,000	
Interest Payments	50,958	52,622	52,622	
Bond Redemption	6,726	0	0	

Total Expenditures	$	162,684	$	157,622	$	157,622	
				
Excess/ (Shortfall)	$	-	$	8,446	$	8,446	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$117,721	
$8,446	
$126,167	

Notes
Reserve Fund Balance = $40,092*. Revenue Fund Balance = $86,075*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $24,647.
* 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 9/30/22 =	
$1,555,000		

10/31/2022 8:34 AM	II