Thousand Oaks Community Development District

Proposed Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
O & M ASSESSMENTS	268,679	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	0	
		
TOTAL REVENUES	$	731,147	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	30,000	
LAWN/LANDSCAPE MANAGEMENT	46,715	
PRESERVE EROSION REPAIR	50,000	
WETLAND PRESERVE BUFFER MAINTENANCE	10,800	
MAINTENANCE CONTINGENCY	29,500	
ENGINEERING/INSPECTIONS/REPORTS	6,000	
MANAGEMENT	35,952	
SECRETARIAL	4,200	
LEGAL	8,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,800	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	6,356	
LEGAL ADVERTISING	1,500	
MISCELLANEOUS	1,700	
POSTAGE	475	
OFFICE SUPPLIES	925	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,700	
TRAVEL/TRAINING	1,900	
WEBSITE MANAGEMENT	1,500	
		
TOTAL EXPENDITURES	$	265,458	
		
REVENUES LESS EXPENDITURES	$	465,689	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	30,969	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,623)	
DISCOUNTS FOR EARLY PAYMENTS	(29,246)	
		
EXCESS/ (SHORTFALL)	$	(12,900)	
		
CARRYOVER FROM PRIOR YEAR	12,900	
		
NET EXCESS/ (SHORTFALL)	$	-	

3/4/2022 8:58 AM	I

DETAILED PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021
ACTUAL	
FISCAL YEAR 2021/2022
BUDGET	
FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
O & M ASSESSMENTS	324,005	268,712	268,679	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,674	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,460	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	0	0	0		
					
TOTAL REVENUES	$	786,139	$	731,180	$	731,147		
					
EXPENDITURES					
SUPERVISOR FEES	11,600	12,000	12,000	No Change From 2021/2022 Budget	
PAYROLL TAXES	887	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	28,754	28,400	30,000	FY 21/22 Expenditure Through Jan 22 = $16,756	
LAWN/LANDSCAPE MANAGEMENT	42,541	46,715	46,715	No Change From 2021/2022 Budget	
PRESERVE EROSION REPAIR	0	50,000	50,000	No Change From 2021/2022 Budget	
WETLAND PRESERVE BUFFER MAINTENANCE	0	10,800	10,800	Wetland Preserve Buffer Maintenance	
MAINTENANCE CONTINGENCY	18,013	29,500	29,500	No Change From 2021/2022 Budget	
ENGINEERING/INSPECTIONS/REPORTS	3,101	6,000	6,000	No Change From 2021/2022 Budget	
MANAGEMENT	34,428	34,908	35,952	CPI Adjustment (Capped At 3%)	
SECRETARIAL	4,200	4,200	4,200	No Change From 2021/2022 Budget	
LEGAL	3,851	8,500	8,000	$500 Decrease From 2021/2022 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,600	3,700	3,800	Accepted Amount For 2021/2022 Audit	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2021/2022 Budget	
INSURANCE	5,513	6,356	6,356	Insurance Estimate	
LEGAL ADVERTISING	675	1,500	1,500	No Change From 2021/2022 Budget	
MISCELLANEOUS	747	1,700	1,700	No Change From 2021/2022 Budget	
POSTAGE	35	575	475	$100 Decrease From 2021/2022 Budget	
OFFICE SUPPLIES	469	1,000	925	$75 Decrease From 2021/2022 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2021/2022 Budget	
TRUSTEE FEES	3,500	3,700	3,700	No Change From 2021/2022 Budget	
TRAVEL/TRAINING	11	1,900	1,900	No Change From 2021/2022 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2021/2022 Budget	
					
TOTAL EXPENDITURES	$	172,900	$	263,389	$	265,458		
					
REVENUES LESS EXPENDITURES	$	613,239	$	467,791	$	465,689		
					
BOND PAYMENTS (SERIES 2016 A1)	(350,677)	(345,880)	(345,880)	2023 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(90,093)	(88,840)	(88,840)	2023 P & I Payments Less Earned Interest	
					
BALANCE	$	172,469	$	33,071	$	30,969		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,781)	(14,624)	(14,623)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(28,904)	(29,247)	(29,246)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	138,784	$	(10,800)	$	(12,900)		
					
CARRYOVER FROM PRIOR YEAR	0	10,800	12,900	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	138,784	$	-	$	-		

3/4/2022 8:58 AM	II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income (A-1)	
104	
25	
25	
Projected Interest For 2022/2023	

Interest Income (A-2)	
28	
25	
25	
Projected Interest For 2022/2023	

NAV Tax Collection (A-1)	
350,677	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
90,093	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	440,902	
$	434,770	
$	434,770		

EXPENDITURES					

Principal Payments (A-1)	
215,000	
225,000	
230,000	
Principal Payment Due In 2023	

Principal Payments (A-2)	
55,000	
55,000	
55,000	
Principal Payment Due In 2023	

Bond Redemption (A-1)	
0	
505	
2,785	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
1,785	
3,545	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
130,880	
120,400	
113,120	
Interest Payments Due In 2023	

Interest Payments (A-2)	
34,720	
32,080	
30,320	
Interest Payments Due In 2023	

Total Expenditures	
$	435,600	
$	434,770	
$	434,770		

Excess/ (Shortfall)	
$	5,302	
$	-	
$	-		

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 1/1/22 =	$3,875,000			

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 1/1/22 =	$1,030,000			

3/4/2022 8:58 AM	III

Thousand Oaks Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
Home	2019/2020	2020/2021	2021/2022	2022/2023
	Type		  Assessment*    Assessment*    Assessment*  	Projected Assessment*	

Townhomes	O & M

$	361.33	$

361.30	$

299.57	$

299.54

(Thousand Oaks)	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
	Sub-Total For Townhomes	$	831.53	$	831.50	$	769.77	$	769.74	
Single-Family	O & M	$	361.33	$	361.30	$	299.57	$	299.54	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Thousand Oaks)	Sub-Total For Single-Family Attached	$	831.53	$	831.50	$	769.77	$	769.74	
Single-Family	O & M	$	361.33	$	361.30	$	299.57	$	299.54	
Detached	Debt	$	656.48	$	656.48	$	656.48	$	656.48	
(Thousand Oaks)	Sub-Total For Single-Family Detached	$	1,017.81	$	1,017.78	$	956.05	$	956.02	
Single-Family	O & M	$	361.33	$	361.30	$	299.57	$	299.54	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Sierra Bay)	Sub-Total For Single-Family Attached	$	831.53	$	831.50	$	769.77	$	769.74	

* 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	

3/4/2022 8:58 AM	IV