Sonoma Bay Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

3/2/2026 1:16 PM

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O&M Assessments

131,244

Debt Assessments

173,041

Other Revenues

0

Interest Income

1,020

TOTAL REVENUES

$	305,305

EXPENDITURES

Supervisor Fees

8,000

Payroll Taxes - Employer

640

Engineering/Inspections

1,500

Lighting

13,000

Contingency

27,300

Management

33,024

Legal

13,000

Assessment Roll

7,500

Audit Fees

3,700

Insurance

7,900

Legal Advertisements

1,700

Miscellaneous

900

Postage

450

Office Supplies

750

Dues & Subscriptions

175

Trustee Fee

2,500

Continuing Disclosure Fee

350

Website Management

2,000

TOTAL EXPENDITURES

$	124,389

REVENUES LESS EXPENDITURES

$	180,916

Bond Payments

(162,659)

BALANCE

$	18,257

County Appraiser & Tax Collector Fee

(6,086)

Discounts For Early Payments

(12,171)

EXCESS/ (SHORTFALL)

$	-

Carryover Funds From Prior Year

0

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

3/2/2026 1:16 PM

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O&M Assessments

133,051

132,298

131,244

Expenditures Less Interest/.94

Debt Assessments

173,245

173,041

173,041

Bond Payments/.94

Other Revenues

0

0

0

Interest Income

8,574

900

1,020

Interest Projected At $85 Per Month

TOTAL REVENUES

$	314,870

$	306,239

$	305,305

EXPENDITURES

Supervisor Fees

4,000

10,000

8,000

Supervisor Fees

Payroll Taxes - Employer

265

800

640

Projected At 8% Of Supervisor Fees

Engineering/Inspections

0

1,500

1,500

No Change From 2025/2026 Budget

Lighting

11,545

13,000

13,000

No Change From 2025/2026 Budget

Contingency

1,500

27,300

27,300

Contingency

Management

31,260

32,160

33,024

CPI Adjustment

Legal

12,403

13,000

13,000

No Change From 2025/2026 Budget

Assessment Roll

7,500

7,500

7,500

As Per Contract

Audit Fees

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,400

7,900

FY 25/26 Expenditures Was $7,269

Legal Advertisements

855

1,800

1,700

$100 Decrease From 2025/2026 Budget

Miscellaneous

411

900

900

No Change From 2025/2026 Budget

Postage

31

475

450

$25 Decrease From 2025/2026 Budget

Office Supplies

320

800

750

$50 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

2,500

2,500

2,500

No Change From 2025/2026 Budget

Continuing Disclosure Fee

350

350

350

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

TOTAL EXPENDITURES

$	85,473

$	125,260

$	124,389

REVENUES LESS EXPENDITURES

$	229,397

$	180,979

$	180,916

Bond Payments

(165,560)

(162,659)

(162,659)

2027 P & I Payments Less Earned Interest

BALANCE

$	63,837

$	18,320

$	18,257

County Appraiser & Tax Collector Fee

(1,932)

(6,107)

(6,086)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(10,676)

(12,213)

(12,171)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	51,229

$	-

$	-

Carryover Funds From Prior Year

0

0

0

Carryover Funds From Prior Year

NET EXCESS/ (SHORTFALL)

$	51,229

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$1,220,000

III

3/2/2026 1:16 PM

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

Interest Income

7,532

1,000

1,200

Projected Interest For 2026/2027

NAV Tax Collection

165,560

162,659

162,659

Yearly Maximum Debt Assessment

Total Revenues

$	173,092

$	163,659

$	163,859

EXPENDITURES

Principal Payments

110,000

95,000

100,000

Principal Payment Due In 2027

Interest Payments

42,161

63,901

58,588

Interest Payment Due In 2027

Bond Redemption

0

4,758

5,271

Estimated Excess Debt Collections

Total Expenditures

$	152,161

$	163,659

$	163,859

Excess/ (Shortfall)

$	20,931

$	-

$	-

SONOMA BAY COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
  Projected Assessment* 

O & M For Two Bedroom Units Debt For Two Bedroom Units
Total For Two Bedroom Units

$

439.42

$

439.24

$

438.08

$

434.59

 $	391.23

$	391.23

$	391.23

$	391.23

$

830.65

$

830.47

$

829.31

$

825.82

O & M For Three Bedroom Units Debt For Three Bedroom Units
Total For Three Bedroom Units

$

439.42

$

439.24

$

438.08

$

434.59

 $	535.94

$	535.94

$	535.94

$	535.94

$

975.36

$

975.18

$

974.02

$

970.53

O & M For Three Bedroom Units With Garage Debt For Three Bedroom Units With Garage
Total For Three Bedroom Units With Garage

$

439.42

$

439.24

$

438.08

$

434.59

 $	782.46

$	782.46

$	782.46

$	782.46

$

1,221.88

$

1,221.70

$

1,220.54

$

1,217.05

* 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
136
90
302

Three Bedroom Units
Three Bedroom Units With Garage
Total Units

IV

3/2/2026 1:16 PM