Sonoma Bay Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Note: Contingency/Reserve Balance To Be Adjusted In October 2025

I

$192,931

$19,970

$27,900

$185,001

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

CONTINGENCY/RESERVE AS Of 9/30/25

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 ORIGINAL BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

O & M Assessments

132,649

133,051

133,051

Debt Assessments

173,041

173,245

173,245

Other Revenues

0

0

0

Interest Income

600

8,150

8,056

TOTAL REVENUES

$	306,290

$	314,446

$	314,352

EXPENDITURES

Supervisor Fees

11,000

4,000

4,000

Payroll Taxes - Employer

880

265

265

Engineering/Inspections

1,500

0

0

Lighting

13,000

13,000

10,572

Contingency

27,300

27,300

1,500

Management

31,260

31,260

28,655

Legal

13,000

13,000

11,403

Assessment Roll

7,500

7,500

0

Audit Fees

3,500

3,500

3,500

Insurance

7,100

6,858

6,858

Legal Advertisements

1,900

1,600

621

Miscellaneous

1,000

750

411

Postage

475

40

31

Office Supplies

850

375

318

Dues & Subscriptions

175

175

175

Trustee Fee

2,500

2,500

2,500

Continuing Disclosure Fee

350

350

0

Website Management

2,000

2,000

1,833

TOTAL EXPENDITURES

$	125,290

$	114,473

$	72,642

REVENUES LESS EXPENDITURES

$	181,000

$	199,973

$	241,710

Bond Payments

(162,659)

(165,560)

(165,560)

BALANCE

$	18,341

$	34,413

$	76,150

County Appraiser & Tax Collector Fee

(6,113)

(3,767)

(3,767)

Discounts For Early Payments

(12,228)

(10,676)

(10,676)

EXCESS/ (SHORTFALL)

$	-

$	19,970

$	61,707

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	19,970

$	61,707

AMENDED FINAL BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $40,400*. Revenue Fund Balance = $130,590*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $24,823.
* Approximate Amounts

Series 2015 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$2,240,000 3.17% - 5.45%
August 2015
May 2035

Annual Principal Payments Due: May 1st
Annual Interest Payments Due:
May 1st & November 1st

Par Amount As Of 8/31/25 =

$1,220,000

II

$150,491

$20,499

$170,990

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

400

7,100

6,968

NAV Tax Collection

162,659

165,560

165,560

Total Revenues

$	163,059

$	172,660

$	172,528

EXPENDITURES

Principal Payments

110,000

110,000

110,000

Interest Payments

45,903

42,161

42,161

Bond Redemption

7,156

0

0

Total Expenditures

$	163,059

$	152,161

$	152,161

Excess/ (Shortfall)

$	-

$	20,499

$	20,367