Thousand Oaks Community Development District

Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2018/2019
BUDGET	
O & M ASSESSMENTS	217,226	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	0	
		
TOTAL REVENUES	$	679,694	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	28,400	
LAWN/LANDSCAPE MANAGEMENT	41,715	
MAINTENANCE CONTINGENCY	40,000	
ENGINEERING/INSPECTIONS/REPORTS	5,000	
MANAGEMENT	33,036	
SECRETARIAL	4,200	
LEGAL	8,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,900	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	6,356	
LEGAL ADVERTISING	1,250	
MISCELLANEOUS	1,500	
POSTAGE	625	
OFFICE SUPPLIES	1,075	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,800	
CONTINUING DISCLOSURE FEE	1,000	
TRAVEL	1,900	
WEBSITE MANAGEMENT	1,000	
		
TOTAL EXPENDITURES	$	205,192	
		
REVENUES LESS EXPENDITURES	$	474,502	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	39,782	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(13,594)	
DISCOUNTS FOR EARLY PAYMENTS	(27,188)	
		
EXCESS/ (SHORTFALL)	$	(1,000)	
		
CARRYOVER FROM PRIOR YEAR	1,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2016/2017
ACTUAL	
FISCAL YEAR 2017/2018
BUDGET	
FISCAL YEAR 2018/2019
BUDGET	

COMMENTS	
O & M ASSESSMENTS	213,951	217,479	217,226	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	421,010	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	106,175	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	1	0	0		
INTEREST INCOME	161	240	0		
					
TOTAL REVENUES	$	741,298	$	680,187	$	679,694		
					
EXPENDITURES					
SUPERVISOR FEES	10,600	12,000	12,000	No Change From 2017/2018 Budget	
PAYROLL TAXES	811	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	25,002	28,400	28,400	No Change From 2017/2018 Budget	
LAWN/LANDSCAPE MANAGEMENT	35,891	41,715	41,715	No Change From 2017/2018 Budget	
MAINTENANCE CONTINGENCY	2,165	40,000	40,000	No Change From 2017/2018 Budget	
ENGINEERING/INSPECTIONS/REPORTS	7,601	5,000	5,000	No Change From 2017/2018 Budget	
MANAGEMENT	31,704	32,364	33,036	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2017/2018 Budget	
LEGAL	8,033	8,000	8,000	No Change From 2017/2018 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,700	3,800	3,900	$100 Increase From 2017/2018 Budget	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2017/2018 Budget	
INSURANCE	5,778	6,356	6,356	Insurance Company Estimate	
LEGAL ADVERTISING	3,911	1,250	1,250	No Change From 2017/2018 Budget	
MISCELLANEOUS	1,307	1,750	1,500	$250 Decrease From 2017/2018 Budget	
POSTAGE	565	625	625	No Change From 2017/2018 Budget	
OFFICE SUPPLIES	1,711	1,075	1,075	No Change From 2017/2018 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2017/2018 Budget	
TRUSTEE FEES	3,717	3,800	3,800	No Change From 2017/2018 Budget	
CONTINUING DISCLOSURE FEE	1,000	1,000	1,000	No Change From 2017/2018 Budget	
TRAVEL	0	1,900	1,900	No Change From 2017/2018 Budget	
WEBSITE MANAGEMENT	1,000	1,000	1,000	No Change From 2017/2018 Budget	
					
TOTAL EXPENDITURES	$	158,171	$	204,670	$	205,192		
					
REVENUES LESS EXPENDITURES	$	583,127	$	475,517	$	474,502		
					
BOND PAYMENTS (SERIES 2016 A1)	(402,730)	(345,880)	(345,880)	2019 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(101,565)	(88,840)	(88,840)	2019 P & I Payments Less Earned Interest	
					
BALANCE	$	78,832	$	40,797	$	39,782		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,025)	(13,599)	(13,594)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(25,164)	(27,198)	(27,188)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	49,643	$	-	$	(1,000)		
					
CARRYOVER FROM PRIOR YEAR	0	0	1,000	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	49,643	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2016/2017 ACTUAL	FISCAL YEAR 2017/2018 BUDGET	FISCAL YEAR 2018/2019 BUDGET	

COMMENTS	

Interest Income (A-1)	
1,622	
25	
75	
Projected Interest For 2018/2019	

Interest Income (A-2)	
423	
50	
75	
Projected Interest For 2018/2019	

NAV Tax Collection (A-1)	
402,730	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
101,565	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	506,340	
$	434,795	
$	434,870		

EXPENDITURES					

Principal Payments (A-1)	
175,000	
195,000	
205,000	
Principal Payment Due In 2019	

Principal Payments (A-2)	
40,000	
50,000	
50,000	
Principal Payment Due In 2019	

Bond Redemption (A-1)	
0	
3,625	
75	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
170	
1,795	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
65,000	
147,280	
140,880	
Interest Payments Due In 2019	

Interest Payments (A-2)	
17,000	
38,720	
37,120	
Interest Payments Due In 2019	

Total Expenditures	
$	297,000	
$	434,795	
$	434,870		

Excess/ (Shortfall)	
$	209,340	
$	-	
$	-		

Series 2016A-1 Bond Refunding Information	
Original Par Amount =	$4,875,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	3.20%
December 2016
May 2035	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1/1/18 =	$4,700,000			

Series 2016A-2 Bond Refunding Information	
Original Par Amount =	$1,275,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	3.20%
December 2016
May 2036	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1/1/18 =	$1,235,000			

Thousand Oaks Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
Home	Projected	2015/2016	2016/2017	2017/2018	2018/2019
 	Type		 Assessment*             Assessment*           Assessment*            Assessment* 	Projected Assessment*	

Townhomes	O & M	$	-	$	237.03	$	239.05	$	242.46	$	242.18	
(Thousand Oaks)	Debt	$	- 	$	545.82	$	543.80	$	470.20	$	470.20	
	Sub-Total For Townhomes	$	644.75	$	782.85	$	782.85	$	712.66	$	712.38	
Single-Family	O & M	$	-	$	237.03	$	239.05	$	242.46	$	242.18	
Attached	Debt	$	- 	$	548.19	$	546.16	$	470.20	$	470.20	
(Thousand Oaks)	Sub-Total For Single-Family Attached	$	644.75	$	785.22	$	785.21	$	712.66	$	712.38	
Single-Family	O & M	$	-	$	237.03	$	239.05	$	242.46	$	242.18	
Detached	Debt	$	- 	$	744.42	$	741.66	$	656.48	$	656.48	
(Thousand Oaks)	Sub-Total For Single-Family Detached	$	844.85	$	981.45	$	980.71	$	898.94	$	898.66	
Single-Family	O & M	$	-	$	237.03	$	239.05	$	242.46	$	242.18	
Attached	Debt	$	- 	$	538.23	$	529.72	$	470.20	$	470.20	
(Sierra Bay)	Sub-Total For Single-Family Attached	$	644.63	$	775.26	$	768.77	$	712.66	$	712.38	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:	
Townhomes (Thousand Oaks)	244	
Attached Single Family (Thousand Oaks)	231	
Detached Single Family (Thousand Oaks)	221	
Attached Single Family (Sierra Bay)	201	
Total Units	897	

Attached Single Family Home (Thousand Oaks) Information	
Total Units	231	
Prepayments	1	
Billed For Debt	230