Thousand Oaks Community Development District

Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024
BUDGET	
O & M ASSESSMENTS	268,638	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	0	
		
TOTAL REVENUES	$	731,106	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	30,000	
LAWN/LANDSCAPE MANAGEMENT	46,715	
WETLAND PRESERVE BUFFER MAINTENANCE	10,800	
PRESERVE EROSION REPAIR	0	
MAINTENANCE CONTINGENCY	79,500	
ENGINEERING/INSPECTIONS/REPORTS	6,000	
MANAGEMENT	37,020	
SECRETARIAL	4,200	
LEGAL	10,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,900	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	6,900	
LEGAL ADVERTISING	1,400	
MISCELLANEOUS	1,700	
POSTAGE	500	
OFFICE SUPPLIES	1,000	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,700	
TRAVEL/TRAINING	8,000	
WEBSITE MANAGEMENT	1,500	
		
TOTAL EXPENDITURES	$	275,270	
		
REVENUES LESS EXPENDITURES	$	455,836	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	21,116	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,622)	
DISCOUNTS FOR EARLY PAYMENTS	(29,244)	
		
EXCESS/ (SHORTFALL)	$	(22,750)	
		
CARRYOVER FROM PRIOR YEAR	22,750	
		
NET EXCESS/ (SHORTFALL)	$	-	

6/2/2023 11:17 AM	I

DETAILED FINAL BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022
ACTUAL	
FISCAL YEAR 2022/2023
BUDGET	
FISCAL YEAR 2023/2024
BUDGET	

COMMENTS	
O & M ASSESSMENTS	268,678	268,679	268,638	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,707	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,469	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	0	0	0		
					
TOTAL REVENUES	$	730,854	$	731,147	$	731,106		
					
EXPENDITURES					
SUPERVISOR FEES	7,200	12,000	12,000	No Change From 2022/2023 Budget	
PAYROLL TAXES	551	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	44,147	30,000	30,000	FY 22/23 Expenditure Through Jan 2023 = $11,027	
LAWN/LANDSCAPE MANAGEMENT	49,886	46,715	46,715	FY 22/23 Expenditure Through Feb 2023 = $18,289	
WETLAND PRESERVE BUFFER MAINTENANCE	12,500	10,800	10,800	No Change From 2022/2023 Budget	
PRESERVE EROSION REPAIR	0	50,000	0	Line Item Is Now Included In Maintenance/Contingency	
MAINTENANCE CONTINGENCY	40,013	29,500	79,500	Line Item Has Been Combined With Preserve Erosion Repair	
ENGINEERING/INSPECTIONS/REPORTS	4,999	6,000	6,000	No Change From 2022/2023 Budget	
MANAGEMENT	34,908	35,952	37,020	CPI Adjustment (Capped At 3%)	
SECRETARIAL	4,200	4,200	4,200	No Change From 2022/2023 Budget	
LEGAL	17,470	8,000	10,000	$2,000 Increase From 2022/2023 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,700	3,800	3,900	$100 Increase From 2022/2023 Budget	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2022/2023 Budget	
INSURANCE	5,706	6,356	6,900	FY 22/23 Expenditure Was $6,455	
LEGAL ADVERTISING	582	1,500	1,400	$100 Decrease From 2022/2023 Budget	
MISCELLANEOUS	723	1,700	1,700	No Change From 2022/2023 Budget	
POSTAGE	87	475	500	$25 Increase From 2022/2023 Budget	
OFFICE SUPPLIES	942	925	1,000	$75 Increase From 2022/2023 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2022/2023 Budget	
TRUSTEE FEES	3,500	3,700	3,700	No Change From 2022/2023 Budget	
TRAVEL/TRAINING	5,218	1,900	8,000	$6,100 Increase From 2022/2023 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2022/2023 Budget	
					
TOTAL EXPENDITURES	$	247,307	$	265,458	$	275,270		
					
REVENUES LESS EXPENDITURES	$	483,547	$	465,689	$	455,836		
					
BOND PAYMENTS (SERIES 2016 A1)	(350,637)	(345,880)	(345,880)	2024 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(90,083)	(88,840)	(88,840)	2024 P & I Payments Less Earned Interest	
					
BALANCE	$	42,827	$	30,969	$	21,116		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,157)	(14,623)	(14,622)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(27,023)	(29,246)	(29,244)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	11,647	$	(12,900)	$	(22,750)		
					
CARRYOVER FROM PRIOR YEAR	0	12,900	22,750	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	11,647	$	-	$	-		

6/2/2023 11:17 AM	II

DETAILED FINAL DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2021/2022 ACTUAL	FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	

Interest Income (A-1)	
1,800	
25	
200	
Projected Interest For 2023/2024	

Interest Income (A-2)	
498	
25	
100	
Projected Interest For 2023/2024	

NAV Tax Collection (A-1)	
350,637	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
90,083	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	443,018	
$	434,770	
$	435,020		

EXPENDITURES					

Principal Payments (A-1)	
225,000	
230,000	
240,000	
Principal Payment Due In 2024	

Principal Payments (A-2)	
55,000	
55,000	
60,000	
Principal Payment Due In 2024	

Bond Redemption (A-1)	
0	
2,785	
480	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
3,545	
460	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
124,000	
113,120	
105,600	
Interest Payments Due In 2024	

Interest Payments (A-2)	
32,960	
30,320	
28,480	
Interest Payments Due In 2024	

Total Expenditures	
$	436,960	
$	434,770	
$	435,020		

Excess/ (Shortfall)	
$	6,058	
$	-	
$	-		

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 1/1/23 =	$3,650,000			

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 1/1/23 =	$975,000			

6/2/2023 11:17 AM	III

Thousand Oaks Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
Home	2020/2021	2021/2022	2022/2023	2023/2024
	Type		  Assessment*    Assessment*    Assessment*  	Projected Assessment*	

Townhomes	O & M

$	361.30	$

299.57	$

299.54	$

299.49

(Thousand Oaks)	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
	Sub-Total For Townhomes	$	831.50	$	769.77	$	769.74	$	769.69	
Single-Family	O & M	$	361.30	$	299.57	$	299.54	$	299.49	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Thousand Oaks)	Sub-Total For Single-Family Attached	$	831.50	$	769.77	$	769.74	$	769.69	
Single-Family	O & M	$	361.30	$	299.57	$	299.54	$	299.49	
Detached	Debt	$	656.48	$	656.48	$	656.48	$	656.48	
(Thousand Oaks)	Sub-Total For Single-Family Detached	$	1,017.78	$	956.05	$	956.02	$	955.97	
Single-Family	O & M	$	361.30	$	299.57	$	299.54	$	299.49	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Sierra Bay)	Sub-Total For Single-Family Attached	$	831.50	$	769.77	$	769.74	$	769.69	

* 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	

6/2/2023 11:17 AM	IV