Sonoma Bay Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O&M Assessments	132,298	
Debt Assessments	173,041	
Other Revenues	0	
Interest Income	900	
		
TOTAL REVENUES	$	306,239	
		
EXPENDITURES		
Supervisor Fees	10,000	
Payroll Taxes - Employer	800	
Engineering/Inspections	1,500	
Lighting	13,000	
Contingency	27,300	
Management	32,160	
Legal	13,000	
Assessment Roll	7,500	
Audit Fees	3,600	
Insurance	7,400	
Legal Advertisements	1,800	
Miscellaneous	900	
Postage	475	
Office Supplies	800	
Dues & Subscriptions	175	
Trustee Fee	2,500	
Continuing Disclosure Fee	350	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	125,260	
		
REVENUES LESS EXPENDITURES	$	180,979	
		
Bond Payments	(162,659)	
		
BALANCE	$	18,320	
		
County Appraiser & Tax Collector Fee	(6,107)	
Discounts For Early Payments	(12,213)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover Funds From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O&M Assessments	133,276	132,649	132,298	Expenditures Less Interest/.94	
Debt Assessments	173,325	173,041	173,041	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	10,511	600	900	Interest Projected At $75 Per Month	
					
TOTAL REVENUES	$	317,112	$	306,290	$	306,239		
					
EXPENDITURES					
Supervisor Fees	4,000	11,000	10,000	Supervisor Fees	
Payroll Taxes - Employer	265	880	800	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	0	1,500	1,500	No Change From 2024/2025 Budget	
Lighting	11,350	13,000	13,000	No Change From 2024/2025 Budget	
Contingency	0	27,300	27,300	Contingency	
Management	30,360	31,260	32,160	CPI Adjustment	
Legal	9,630	13,000	13,000	No Change From 2024/2025 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,100	7,400	FY 24/25 Expenditures Was $6,858	
Legal Advertisements	871	1,900	1,800	$100 Decrease From 2024/2025 Budget	
Miscellaneous	323	1,000	900	$100 Decrease From 2024/2025 Budget	
Postage	71	475	475	No Change From 2024/2025 Budget	
Office Supplies	451	850	800	$50 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	2,500	2,500	2,500	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	79,840	$	125,290	$	125,260		
					
REVENUES LESS EXPENDITURES	$	237,272	$	181,000	$	180,979		
					
Bond Payments	(165,723)	(162,659)	(162,659)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	71,549	$	18,341	$	18,320		
					
County Appraiser & Tax Collector Fee	(1,982)	(6,113)	(6,107)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(10,564)	(12,228)	(12,213)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	59,003	$	-	$	-		
					
Carryover Funds From Prior Year	0	0	0	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	59,003	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
7,710	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
165,723	
162,659	
162,659	

Yearly Maximum Debt Assessment	

Total Revenues	
$	173,433	
$	163,059	
$	163,659		

EXPENDITURES					

Principal Payments	
115,000	
110,000	
95,000	
Principal Payment Due In 2026	

Interest Payments	
45,807	
45,903	
63,901	
Interest Payment Due In 2026	

Bond Redemption	
0	
7,156	
4,758	
Estimated Excess Debt Collections	

Total Expenditures	
$	160,807	
$	163,059	
$	163,659		

Excess/ (Shortfall)	
$	12,626	
$	-	
$	-		

Series 2015 Bond Refunding Information

Original Par Amount =	$2,240,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.17% - 5.45%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	August 2015			
Maturity Date =	May 2035			

Par Amount As Of 1/1/25 =	$1,330,000

SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year 2022/2023		2023/2024		2024/2025		2025/2026
  Assessment*  	Assessment*	 	Assessment*	  Projected Assessment* 

O & M For Two Bedroom Units	$	439.80	$	439.42	$	439.24	$	438.08	
Debt For Two Bedroom Units	$	391.23	$	391.23	$	391.23	$	391.23	
Total For Two Bedroom Units	$	831.03	$	830.65	$	830.47	$	829.31	
O & M For Three Bedroom Units	$	439.80	$	439.42	$	439.24	$	438.08	
Debt For Three Bedroom Units	$	535.94	$	535.94	$	535.94	$	535.94	
Total For Three Bedroom Units	$	975.74	$	975.36	$	975.18	$	974.02	
O & M For Three Bedroom Units With Garage	$	439.80	$	439.42	$	439.24	$	438.08	
Debt For Three Bedroom Units With Garage	$	782.46	$	782.46	$	782.46	$	782.46	
Total For Three Bedroom Units With Garage	$	1,222.26	$	1,221.88	$	1,221.70	$	1,220.54	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information:		
Two Bedroom Units	76	
Three Bedroom Units	136	
Three Bedroom Units With Garage	90	
Total Units	302	

5/2/2025 4:23 PM	IV