Thousand Oaks Community Development District

Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021
BUDGET	
O & M ASSESSMENTS	324,079	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	0	
		
TOTAL REVENUES	$	786,547	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	28,400	
LAWN/LANDSCAPE MANAGEMENT	46,715	
PRESERVE EROSION REPAIR	100,000	
MAINTENANCE CONTINGENCY	32,725	
ENGINEERING/INSPECTIONS/REPORTS	6,000	
MANAGEMENT	34,428	
SECRETARIAL	4,200	
LEGAL	8,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,600	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	6,356	
LEGAL ADVERTISING	1,350	
MISCELLANEOUS	1,700	
POSTAGE	600	
OFFICE SUPPLIES	1,025	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,700	
TRAVEL	1,900	
WEBSITE MANAGEMENT	1,500	
		
TOTAL EXPENDITURES	$	304,634	
		
REVENUES LESS EXPENDITURES	$	481,913	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	47,193	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(15,731)	
DISCOUNTS FOR EARLY PAYMENTS	(31,462)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019
ACTUAL	
FISCAL YEAR 2019/2020
BUDGET	
FISCAL YEAR 2020/2021
BUDGET	

COMMENTS	
O & M ASSESSMENTS	219,441	324,113	324,079	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	372,682	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	95,747	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	0	0	0		
					
TOTAL REVENUES	$	687,870	$	786,581	$	786,547		
					
EXPENDITURES					
SUPERVISOR FEES	11,600	12,000	12,000	No Change From 2019/2020 Budget	
PAYROLL TAXES	887	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	24,253	28,400	28,400	No Change From 2019/2020 Budget	
LAWN/LANDSCAPE MANAGEMENT	45,111	41,715	46,715	$5,000 Increase From 2019/2020 Budget	
PRESERVE EROSION REPAIR	0	100,000	100,000	No Change From 2019/2020 Budget	
MAINTENANCE CONTINGENCY	17,066	40,000	32,725	$7,275 Decrease From 2019/2020 Budget	
ENGINEERING/INSPECTIONS/REPORTS	7,664	4,750	6,000	$1,250 Increase From 2019/2020 Budget	
MANAGEMENT	33,036	33,660	34,428	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2019/2020 Budget	
LEGAL	7,916	8,000	8,000	No Change From 2019/2020 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,400	3,500	3,600	Accepted Amount For 2019/2020 Audit	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2019/2020 Budget	
INSURANCE	5,000	6,356	6,356	Insurance Estimate	
LEGAL ADVERTISING	688	1,400	1,350	$50 Decrease From 2019/2020 Budget	
MISCELLANEOUS	1,595	1,500	1,700	$200 Increase From 2019/2020 Budget	
POSTAGE	1,083	600	600	No Change From 2019/2020 Budget	
OFFICE SUPPLIES	1,413	1,050	1,025	$25 Decrease From 2019/2020 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2019/2020 Budget	
TRUSTEE FEES	3,500	3,700	3,700	No Change From 2019/2020 Budget	
TRAVEL	1,627	1,900	1,900	No Change From 2019/2020 Budget	
WEBSITE MANAGEMENT	1,000	1,500	1,500	No Change From 2019/2020 Budget	
					
TOTAL EXPENDITURES	$	180,514	$	304,666	$	304,634		
					
REVENUES LESS EXPENDITURES	$	507,356	$	481,915	$	481,913		
					
BOND PAYMENTS (SERIES 2016 A1)	(356,045)	(345,880)	(345,880)	2021 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(91,472)	(88,840)	(88,840)	2021 P & I Payments Less Earned Interest	
					
BALANCE	$	59,839	$	47,195	$	47,193		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(3,567)	(15,732)	(15,731)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(24,311)	(31,463)	(31,462)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	31,961	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	31,961	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019 ACTUAL	FISCAL YEAR 2019/2020 BUDGET	FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	

Interest Income (A-1)	
8,212	
75	
100	
Projected Interest For 2020/2021	

Interest Income (A-2)	
2,170	
75	
100	
Projected Interest For 2020/2021	

NAV Tax Collection (A-1)	
356,045	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
91,472	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	457,899	
$	434,870	
$	434,920		

EXPENDITURES					

Principal Payments (A-1)	
205,000	
210,000	
215,000	
Principal Payment Due In 2021	

Principal Payments (A-2)	
50,000	
50,000	
55,000	
Principal Payment Due In 2021	

Bond Redemption (A-1)	
0	
1,715	
3,540	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
3,395	
100	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
144,160	
134,240	
127,440	
Interest Payments Due In 2021	

Interest Payments (A-2)	
37,920	
35,520	
33,840	
Interest Payments Due In 2021	

Total Expenditures	
$	437,080	
$	434,870	
$	434,920		

Excess/ (Shortfall)	
$	20,819	
$	-	
$	-		

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 1/1/20 =	$4,300,000			

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 1/1/20 =	$1,135,000			

Thousand Oaks Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
Home	2017/2018	2018/2019	2019/2020	2020/2021
 	Type		 Assessment*            Assessment*           Assessment* 	Projected Assessment*	

Townhomes	O & M	$	242.46	$	242.18	$	361.33	$	361.30	
(Thousand Oaks)	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
	Sub-Total For Townhomes	$	712.66	$	712.38	$	831.53	$	831.50	
Single-Family	O & M	$	242.46	$	242.18	$	361.33	$	361.30	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Thousand Oaks)	Sub-Total For Single-Family Attached	$	712.66	$	712.38	$	831.53	$	831.50	
Single-Family	O & M	$	242.46	$	242.18	$	361.33	$	361.30	
Detached	Debt	$	656.48	$	656.48	$	656.48	$	656.48	
(Thousand Oaks)	Sub-Total For Single-Family Detached	$	898.94	$	898.66	$	1,017.81	$	1,017.78	
Single-Family	O & M	$	242.46	$	242.18	$	361.33	$	361.30	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Sierra Bay)	Sub-Total For Single-Family Attached	$	712.66	$	712.38	$	831.53	$	831.50	

* 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