Thousand Oaks Community Development District

Final Budget For  Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020
BUDGET	
O & M ASSESSMENTS	324,113	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	0	
		
TOTAL REVENUES	$	786,581	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	28,400	
LAWN/LANDSCAPE MANAGEMENT	41,715	
PRESERVE EROSION REPAIR	100,000	
MAINTENANCE CONTINGENCY	40,000	
ENGINEERING/INSPECTIONS/REPORTS	4,750	
MANAGEMENT	33,660	
SECRETARIAL	4,200	
LEGAL	8,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,500	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	6,356	
LEGAL ADVERTISING	1,400	
MISCELLANEOUS	1,500	
POSTAGE	600	
OFFICE SUPPLIES	1,050	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,700	
CONTINUING DISCLOSURE FEE	0	
TRAVEL	1,900	
WEBSITE MANAGEMENT	1,500	
		
TOTAL EXPENDITURES	$	304,666	
		
REVENUES LESS EXPENDITURES	$	481,915	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	47,195	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(15,732)	
DISCOUNTS FOR EARLY PAYMENTS	(31,463)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018
ACTUAL	
FISCAL YEAR 2018/2019
BUDGET	
FISCAL YEAR 2019/2020
BUDGET	

COMMENTS	
O & M ASSESSMENTS	218,024	217,226	324,113	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	368,880	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,770	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	0	0	0		
					
TOTAL REVENUES	$	681,674	$	679,694	$	786,581		
					
EXPENDITURES					
SUPERVISOR FEES	11,400	12,000	12,000	No Change From 2018/2019 Budget	
PAYROLL TAXES	872	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	24,596	28,400	28,400	No Change From 2018/2019 Budget	
LAWN/LANDSCAPE MANAGEMENT	36,639	41,715	41,715	No Change From 2018/2019 Budget	
PRESERVE EROSION REPAIR	0	0	100,000	Preserve Erosion Repair	
MAINTENANCE CONTINGENCY	34,722	40,000	40,000	No Change From 2018/2019 Budget	
ENGINEERING/INSPECTIONS/REPORTS	2,725	5,000	4,750	$250 Decrease From 2018/2019 Budget	
MANAGEMENT	32,364	33,036	33,660	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2018/2019 Budget	
LEGAL	8,559	8,000	8,000	No Change From 2018/2019 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,800	3,900	3,500	Accepted Amount For 2018/2019 Audit	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2018/2019 Budget	
INSURANCE	5,778	6,356	6,356	Insurance Estimate	
LEGAL ADVERTISING	1,858	1,250	1,400	$150 Increase From 2018/2019 Budget	
MISCELLANEOUS	1,175	1,500	1,500	No Change From 2018/2019 Budget	
POSTAGE	148	625	600	$25 Decrease From 2018/2019 Budget	
OFFICE SUPPLIES	738	1,075	1,050	$25 Decrease From 2018/2019 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2018/2019 Budget	
TRUSTEE FEES	3,500	3,800	3,700	$100 Decrease From 2018/2019 Budget	
CONTINUING DISCLOSURE FEE	0	1,000	0	Prager No Longer Charging Fee	
TRAVEL	1,356	1,900	1,900	No Change From 2018/2019 Budget	
WEBSITE MANAGEMENT	1,000	1,000	1,500	$500 Increase From 2018/2019 Budget	
					
TOTAL EXPENDITURES	$	184,905	$	205,192	$	304,666		
					
REVENUES LESS EXPENDITURES	$	496,769	$	474,502	$	481,915		
					
BOND PAYMENTS (SERIES 2016 A1)	(352,579)	(345,880)	(345,880)	2020 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(90,582)	(88,840)	(88,840)	2020 P & I Payments Less Earned Interest	
					
BALANCE	$	53,608	$	39,782	$	47,195		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(3,813)	(13,594)	(15,732)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(23,713)	(27,188)	(31,463)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	26,082	$	(1,000)	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	1,000	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	26,082	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income (A-1)	
4,926	
75	
75	
Projected Interest For 2019/2020	

Interest Income (A-2)	
1,282	
75	
75	
Projected Interest For 2019/2020	

NAV Tax Collection (A-1)	
352,579	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
90,582	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	449,369	
$	434,870	
$	434,870		

EXPENDITURES					

Principal Payments (A-1)	
195,000	
205,000	
210,000	
Principal Payment Due In 2020	

Principal Payments (A-2)	
50,000	
50,000	
50,000	
Principal Payment Due In 2020	

Bond Redemption (A-1)	
0	
75	
1,715	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
1,795	
3,395	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
150,400	
140,880	
134,240	
Interest Payments Due In 2020	

Interest Payments (A-2)	
39,520	
37,120	
35,520	
Interest Payments Due In 2020	

Total Expenditures	
$	434,920	
$	434,870	
$	434,870		

Excess/ (Shortfall)	
$	14,449	
$	-	
$	-		

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 1/1/19 =	$4,505,000			

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 1/1/19 =	$1,185,000			

Thousand Oaks Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
Home	2016/2017	2017/2018	2018/2019	2019/2020
 	Type		 Assessment*            Assessment*            Assessment* 	Projected Assessment*	

Townhomes	O & M	$	239.05	$	242.46	$	242.18	$	361.33	
(Thousand Oaks)	Debt	$	543.80	$	470.20	$	470.20	$	470.20	
	Sub-Total For Townhomes	$	782.85	$	712.66	$	712.38	$	831.53	
Single-Family	O & M	$	239.05	$	242.46	$	242.18	$	361.33	
Attached	Debt	$	546.16	$	470.20	$	470.20	$	470.20	
(Thousand Oaks)	Sub-Total For Single-Family Attached	$	785.21	$	712.66	$	712.38	$	831.53	
Single-Family	O & M	$	239.05	$	242.46	$	242.18	$	361.33	
Detached	Debt	$	741.66	$	656.48	$	656.48	$	656.48	
(Thousand Oaks)	Sub-Total For Single-Family Detached	$	980.71	$	898.94	$	898.66	$	1,017.81	
Single-Family	O & M	$	239.05	$	242.46	$	242.18	$	361.33	
Attached	Debt	$	529.72	$	470.20	$	470.20	$	470.20	
(Sierra Bay)	Sub-Total For Single-Family Attached	$	768.77	$	712.66	$	712.38	$	831.53	

* 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