The Thousand Oaks Community Development District is a special purpose unit of local government created under Florida Law, chapter 190, for the purpose of financing, constructing, operating, and maintaining community-wide infrastructure, improvements, and services for the benefit of the properties within its boundaries.

PALM BEACH COUNTY REGULAR BOARD MEETING APRIL 8, 2024
4:15 P.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.thousandoakscdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT
Thousand Oaks HOA Office 1034 Center Stone Lane Riviera Beach, Florida 33404
REGULAR BOARD MEETING
April 8, 2024
4:15 p.m.

Call to Order
Proof of Publication	Page 1
Moment of Silence
Establish Quorum
Additions or Deletions to Agenda/ Board Member Disclosures
Approval of Minutes
March 4, 2024 Regular Board Meeting Minutes	Page 3
Comments from the Public for Items Not on the Agenda
Old Business
Update on Newsletter and Website
Update on Fountain Installation	Page 7
Update on 1277 Rosegate Blvd. Swell Issue
Update on Preserve/Dry Conservation Project
Update on 2024 Conferences
Florida League of Cities August 15th - 17th 2024
FASD June 10th - 13th 2024
Update on Logo Trademark
Update Regarding Encroachment Issue
Update on Irrigation along Congress	Page 11
Update on SLB General Contracting Rip Rap Project
New Business
Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget	Page 12
Review Engineers Report	Page 31
Review Aquatic Contract	Page 41
Administrative Matters
Financial Report	Page 45
Attorney Matters
Board Members Comments
Adjourn

PALM BEACH

Notary Public State of Florida
Brenda M Simmons
.-, 	My Commiss\on HH 333528
mi11\im1SW	Expires 111221202s

STATE OF FLORIDA COUNTY OF PALM BEACH:

Before the undersigned authority personally appeared ANGELINA GARAY, who on oath says that he or she is the LEGAL CLERK, Legal Notices of the Palm Beach Daily Business Review Ilk/a Palm Beach Review, of Palm Beach County, Florida; that the attached copy of .idvertisement, being a Legal Advertisement of Notice in the matter of

THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE - NOTICE IS HEREBY GIVEN THAT THE BOARD OF SUPERVISORS OF THE THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT WILL HOLD REGULAR MEETINGS AT 4:15 P.M.. ETC.

in the XXXX Court.
was published in a newspaper by print in the issues of Palm Beach Daily Business Review f/k/a Palm Beach Review on

09/29/2023

Affiant further says that the newspaper complies wfth all legal requirements for publication in chapter 50, Florida Statutes.

(SEAL)
ANGELINA GARAY personally known to me

THOUSAND OAKS COMMUNITY DEVEl.OPMENT DISTRICT

t

FISCAL YEAR 2023/2024 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that
the Board of Supervisors of the Thousand Oaks Community Develop­ ment District will hokl Regular Meetings at 4:15 p.rn. In the Thousand Oaks HOA Office located at 1034 Center Stone Lane, Riviera Beach, Florida 33404, on the following dates:
October 9, 2023
November 13, 2023
December 11, 2023
January 8, 2024
February 12, 2024
March 4, 2024
April 8, 2024
May 13, 2024
June 10, 2024
Ju!y 8, 2024
August 12, 2024
September9, 2024
The purpose of the meetings is to conduct any business coming before the Board. The meetings are open to the public and will be conducted In accordance with the provisions of law. Cop es of the Agendas for any ] of the meetings may be obtained from the District's website or by contacting the District Manager
at (561) 630-4922 and/or toll free at I
1-877-737-4922 prior to the dale of the particular meeting.
From time to time one or more Supervisors may participate by telephone; therefore, at the location of these meetings there will be a speaker telephone present so that intetested persons can attend the meetings at the above location and be fully informed of 1he discussions taking place either In person or by telephone communication. Meetings may be continued as found necessary to a time and place specified on the record.
If any person decides to appeal

THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 4, 2024

CALL TO ORDER

The March 4, 2024, Regular Board Meeting of the Thousand Oaks Community Development District (the “District”) was called to order at 4:18 p.m. in the Thousand Oaks’ HOA Office located at 1034 Center Stone Lane, Riviera Beach, Florida 33404.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Palm Beach Post on September 29, 2023, as part of the District’s Fiscal Year 2023/2024 Regular Board Meeting, as legally required.

MOMENT OF SILENCE

ESTABLISH A QUORUM

A quorum was established by the presence of Chairman Jeff Jackson, Vice Chairman Rance Gaede and Supervisors Malachi Knowles and Horace Towns.

Staff present included District Manager Sylvia Bethel of Special District Services, Inc.; and Frank Palen of Caldwell Pacetti Edwards Schoech & Viator LLP.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.
APPROVAL OF MINUTES
February 12, 2024, Regular Board Meeting
The minutes of the February 12, 2024, Regular Board Meeting were presented for consideration.
Mr. Knowles asked Mr. Jackson about his title as Secretary/Treasurer in the minutes. The title was not by his name. Ms. Bethel stated she believes that all minutes were like that. Mr. Jackson requested that she double check and if the minutes reflect the title, revise them, if not, leave as is.

A motion was made by Mr. Knowles, seconded by Mr. Gaede and passed unanimously approving the minutes of the February 12, 2024, Regular Board Meeting, as presented.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

OLD BUSINESS
Update on Newsletter and Website
Page 1 of 4

Mr. Knowles stated that the young lady that he had in mind to complete the project can no longer do it. Mr. Towns stated he had someone in mind. He will send that information to Ms. Bethel.

Update on Fountain Installation

Ms. Bethel advised that the fountains had passed final inspection and FPL had been scheduled to come out and hook up the electricity. Once completed, the fountain will be up and running.

Update on 1277 Rosegate Boulevard Swale Issue

Ms. Bethel stated that SLB General Contracting was working to try to get this completed since it is such a small project.

Update Regarding Fountain Repairs

Ms. Bethel stated the fountain was up and running and all remotes have been tested, programmed and labeled.

Update on Preserve/Dry Conservation Project

Ms. Bethel asked Mr. Jackson if he had a chance to review this project with Mr. Russ. Mr. Jackson stated he did not get a chance to do so, but he will.

Update on 2024 Conferences

Ms. Bethel stated that she added a revised Travel Authorization Request Form that should be submitted to the Board before any travel. Mr. Palen reviewed the revised form and the travel reimbursement policy with the Board. The revised form is essentially the same as that used by State officials and employees. It includes a request for a travel advance with the certification required by the adopted Travel Reimbursement Policy and state law. Mr. Jackson inquired about the revised form and asked why does the travel request needs to be approved? Mr. Palen stated that Section 112.061, Florida Statutes, requires the board to approve all travel in advance of any expenditures. Mr. Gaede agreed that this was consistent with the way municipalities handle travel requests.

Mr. Knowles stated he would like to attend both the annual conferences of the Florida Association of Special Districts (June 10-13th, 2024) and the Florida League of Cities (August 15-17th, 2024). Ms. Bethel stated she would prepare the forms and have them signed at the next meeting for the Board’s review and consideration.

Update on Logo Trademark

Ms. Bethel stated that the attorney sent her some questions to answer about the District, which she completed and sent back. The trademark process is moving along.

Update Regarding Encroachment Issue

Ms. Bethel advised that she had spoken with Mr. Wells and he was a bit confused. Therefore we would like to meet with Mr. Gaede to have a few questions answered. Mr. Gaede was receptive.
Page 2 of 4

Update on Irrigation along Congress

Ms. Bethel advised that Mr. Russ had repaired the clogged pipe along Congress and irrigation is up and running. However, she received an email from the HOA stating that the grass was dying along Congress, east of the sidewalk. Ms. Bethel spoke with Mr. Russ and he stated there was no irrigation on that side and provided a proposal. A lengthy discussion ensued. Mr. Jackson stated that irrigation on that side was paid for when they completed the irrigation project and Mr. Gaede stated he thought so as well. Mr. Jackson stated he would like Mr. Russ at every Board meeting and that the Board be copied on all email communications moving forward.

Consider Proposal from SLB General Contracting, LLC

After receiving the proposal, the Board had a few questions. As such, Ms. Bethel reached out to the vendor for a response. Ms. Bethel stated she was not sure if everyone had had a chance to review it and read the vendor’s response to the Board. Mr. Jackson inquired about a buyer’s representative. Mr. Palen stated that would be comparative to the District’s Engineer, the District’s Attorney, etc. Mr. Gaede agreed. A lengthy discussion ensued. Ms. Bethel advised that the District Engineer sends a very detailed report on the community and areas of improvement on an annual basis. Mr. Jackson would like Ms. Bethel to bring the Engineer’s Report to the next meeting.

A motion was made by Mr. Knowles, seconded by Mr. Gaede and passed unanimously approving SLB General Contracting, LLC for the Rip Rap Outfall Project in the amount of $51,960.

NEW BUSINESS
Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget

Resolution No. 2024-01 was presented, entitled:

RESOLUTION NO. 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.
Ms. Bethel went over the proposed budget. Mr. Jackson stated that the travel budget should be raised from
$8,000 to $10,000. A lengthy discussion ensued. Mr. Jackson would like to see how much carryover would be needed to reduce the assessments by Five Dollars ($5). Ms. Bethel will bring this information back to the next meeting. Mr. Jackson also requested that Ms. Bethel bring to the next meeting the aquatic contract for Board review.

ADMINISTRATIVE MATTERS
Financial Report

Ms. Bethel stated that the Financial Report had been added to the agenda to give the Board a monthly review of expenses/income. Ms. Bethel reviewed the report and asked if there were any questions. There were none.

ATTORNEY MATTERS
Page 3 of 4

Mr. Palen had nothing further.

BOARD MEMBER COMMENTS

There were no further comments from the Board Members.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 5:08 p.m. There were no objections.

Secretary/Assistant Secretary	Chair/Vice Chair

Page 4 of 4

From: Brian Gruber <bgruber44@gmail.com> Sent: Wednesday, March 27, 2024 8:23 AM To: Sylvia Bethel <sbethel@sdsinc.org>
Subject: Re: New fountain in Thousand Oaks at Congross

And actually I was just thinking that the meter should not be placed on my property either. It needs to be put in the utility easement as well. This is standard practice.

Thanks, Brian Gruber
On Wed, Mar 27, 2024 at 8:14 AM Brian Gruber <bgruber44@gmail.com> wrote:
Your vendor is 100% incorrect. He trenched directly down the middle of my yard as shown in this picture (my house is on the right, my property line goes to my neighbors fence post to the left of the shrub in the center):

Honestly, I don't care if it's underground, it was run through my property without notification or approval from the owner. You guys need to use a utility easement. I have included the plat below so you can see where it needs to be moved to. I also have my survey from when I bought my house to show my property line goes up to my neighbor's property line with no sort of easement between them.

I also have some other concerns that need to be addressed.

My name is on the permits for the electrical installation. This needs to be changed because I don't want any sort of risk of a lien being placed on my property for something I had no control over and wanted no part of.

You need to use a different address on your FPL account for this fountain. Any credit check is going to affect me even though you used different suite information. Riviera Beach can assign a different number to the meter, and if they won't do it then FPL will. I know this because I deal with addressing at my work and FPL tries to do this in my city all the time.

Please take care of these new two new issues and get back to me with proof they have been changed.
Thanks, Brian Gruber
2220 Oakmont Drive

On Wed, Mar 27, 2024 at 7:07 AM Sylvia Bethel <sbethel@sdsinc.org> wrote: Good morning Brian,
I spoke with the vendor and he is looking into a quitter nozzle for the fountain. I also mentioned the power cable. I was told the power cable is not directly on your property. It runs along the side from the FPL box to the lake and is underground, therefore it will not affect you installing a fence or pavers. As mentioned, I will bring this to the boards attention at the meeting on April 8th at 4:15pm.
Best Regards, Sylvia Bethel
Special District Services
2501A Burns Road
Palm Beach Gardens, FL 33410 P: 561-630-4922 ext 227
F: 561-630-4923

www.sdsinc.org
BOARD MEMBERS: Please do not use the “Reply All” feature of your e-mail, as it may be deemed a violation of the Sunshine Law. Please reply only to the management
office. Thank you!
NOTE: Under Florida law, e-mail addresses are public records. If you do not want your e- mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by telephone or in writing.
-----Original  Message-----
From: Brian Gruber <bgruber44@gmail.com> Sent: Monday, March 25, 2024 2:28 PM
To: Sylvia Bethel <sbethel@sdsinc.org>
Subject: New fountain in Thousand Oaks at Congross Ms. Bethel,

I was given your number by the Thousand Oaks HOA to reach out about some concerns I have about the new fountain that has been installed in the NE corner of Thousand Oaks.
This fountain is directly behind my house and it is so loud I can hear it throughout my entire house. Using my back patio is now impossible because of the noise coming from the fountain. Opening windows is now out of the question as well. I would assume these fountains need to conform to noise ordinances and I'm guessing the noise is way over the amount allowed.

The power cable was trenched through my property. My property is not a utility easement and I request it be re-routed to an actual utility easement. In the future I plan to fence my yard and put pavers out there and your power cable is run under where I would need to work.
We are not against a fountain there, but the noise issue and the trenching through my yard needs to be remedied.
Please give me a call as soon as possible to discuss this matter. Thank you,
Brian Gruber
2220 Oakmont Drive
(561)531-2976

From: JOHN RUSS <john_a_russ@yahoo.com>
Sent: Monday, March 4, 2024 3:08 PM
To: Sylvia Bethel <sbethel@sdsinc.org>
Subject: Irrigation Installation along congress

Russ Total Lawn Maintenance L.L.C. 1731 Ave F. 
Riviera Beach Fla. 33404 John Russ
Thousand Oaks Community Development District,
The following is the proposal for irrigation zone installation. If any questions please do not hesitate to contact me at: (561) 319-7110.
Irrigation Zone Installation Proposal Introduction
This document proposes that Russ Total Lawn Maintenance will perform the necessary Installation in an effort to maintain the beauty of the property and to enhance the beauty of the congress corridor. Also to prevent pedestrians from getting wet while on sidewalk. The goal is to maintain a conspicuous landscape for an attractive appearance for residents and visitors.

R.T.L.M. will be responsible for the following deliverables.
Deliverables

Install approximately 1,115ft of Zone Pipe (Two additional zones)
Install Rain Bird rotor heads for proper coverage
Dispose of any generated debris

Compensation

Our complete price for this project base on the deliverables outlined is: $7,800.00.

Thanks again for allowing Russ Total Lawn Maintenance to submit this proposal. Our company is small enough to give your property the attention it deserves and yet we are large enough to handle the equipment and labor necessary to do the job right and on time.

RESOLUTION NO. 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Thousand Oaks Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2024/2025 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for 	, 2024 at 4:15 p.m. in the Thousand Oaks HOA Office located at 1034 Center Stone Lane, Riviera Beach, Florida 34404, for the purpose of receiving public comments on the Proposed Fiscal Year 2024/2025 Budget.

PASSED, ADOPTED and EFFECTIVE this 8th day of April, 2024.

ATTEST:	THOUSAND OAKS
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Thousand Oaks
Community Deve[opment  District

Proposed Budget For Fiscal Year 2024/ 2025
October 1,  2024 - September 30,	2025

CONTENTS

PROPOSED BUDGET

II	DETAILED PROPOSED BUDGET

Ill	DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
0 & M ASSESSMENTS	268,595	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	420	
		
TOTAL REVENUES	$	731,483	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	30,000	
LAWN/LANDSCAPE MANAGEMENT	46,715	
WETLAND PRESERVE BUFFER MAINTENANCE	10,800	
MAINTENANCE CONTINGENCY	85,000	
CURB REPAIRS	0	
FOUNTAINS	0	
GOLF CART	0	
ENGINEERING/INSPECTIONS/REPORTS	6,000	
MANAGEMENT	38,124	
SECRETARIAL	4,200	
LEGAL	12,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,500	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	6,900	
LEGAL ADVERTISING	1,300	
MISCELLANEOUS	1,900	
POSTAGE	500	
OFFICE SUPPLIES	1,075	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,600	
TRAVEL/TRAINING	8,000	
WEBSITE MANAGEMENT	1,500	
		
TOTAL EXPENDITURES	$	283,549	
		
REVENUES LESS EXPENDITURES	$	447,934	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	13,214	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,621)	
DISCOUNTS FOR EARLY PAYMENTS	(29,243)	
		
EXCESS/ (SHORTFALL)	$	(30,650)	
		
CARRYOVER FROM PRIOR YEAR	30,650	
		
NET EXCESS/ (SHORTFALL)	$	

DETAILED PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
0 & M ASSESSMENTS	269,011	268,638	268,595	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,671	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,459	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	350	0	0		
INTEREST INCOME	11,276	0	420	Projected At $35 Per Month	
					
TOTAL REVENUES	$	742,767	$	731,106	$	731,483		
					
EXPENDITURES					
SUPERVISOR FEES	11,600	12,000	12,000	No Change From 2023/2024 Budget	
PAYROLL TAXES	887	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	35,430	30,000	30,000	FY 23/24 Expenditure Through Jan 2024 = $9,370	
LAWN/LANDSCAPE MANAGEMENT	69,977	46,715	46,715	FY 23/24 Expenditure Through Jan 2024 = $20,612	
WETLAND PRESERVE BUFFER MAINTENANCE	0	10,800	10,800	No Change From 2023/2024 Budget	
MAINTENANCE CONTINGENCY	93,680	79,500	85,000	$5,500 Increase From 2023/2024 Budget	
CURB REPAIRS	80,675	0	0	Fiscal Year 2022/2023 Expenditure	
FOUNTAINS	23,291	0	0	Fiscal Year 2022/2023 Expenditure	
GOLF CART	16,580	0	0	Fiscal Year 2022/2023 Expenditure	
ENGINEERING/INSPECTIONS/REPORTS	5,388	6,000	6,000	No Change From 2023/2024 Budget	
MANAGEMENT	35,952	37,020	38,124	CPI Adjustment (Capped At 3%)	
SECRETARIAL	4,200	4,200	4,200	No Change From 2023/2024 Budget	
LEGAL	19,613	10,000	12,000	$2,000 Increase From 2023/2024 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,800	3,900	3,500	Accepted Amount For 2023/2024 Audit	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2023/2024 Budget	
INSURANCE	6,608	6,900	6,900	FY 23/24 Expenditure Was $7,024	
LEGAL ADVERTISING	476	1,400	1,300	$100 Decrease From 2023/2024 Budget	
MISCELLANEOUS	2,730	1,700	1,900	$200 Increase From 2023/2024 Budget	
POSTAGE	76	500	500	No Change From 2023/2024 Budget	
OFFICE SUPPLIES	1,116	1,000	1,075	$75 Increase From 2023/2024 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2023/2024 Budget	
TRUSTEE FEES	3,500	3,700	3,600	$100 Decrease From 2023/2024 Budget	
TRAVEL/TRAINING	854	8,000	8,000	No Change From 2023/2024 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2023/2024 Budget	
					
TOTAL EXPENDITURES	$	427,408	$	275,270	$	283,549		
					
REVENUES LESS EXPENDITURES	$	315,359	$	455,836	$	447,934		
					
BOND PAYMENTS (SERIES 2016 A1)	(350,667)	(345,880)	(345,880)	2025 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(90,088)	(88,840)	(88,840)	2025 P & I Payments Less Earned Interest	
					
BALANCE	$	(125,396)	$	21,116	$	13,214		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,560)	(14,622)	(14,621)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(26,896)	(29,244)	(29,243)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(156,852)	$	(22,750)	$	(30,650)		
					
CARRYOVER FROM PRIOR YEAR	0	22,750	30,650	Carryover From Prior Year	
		.			
NET EXCESS/ (SHORTFALL)	$	(156,852)	$	$		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023
ACTUAL	FISCAL YEAR 2023/2024
BUDGET	FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	

Interest Income (A-1)	
18,285	
200	
600	
Projected Interest For 2024/2025	

Interest Income (A-2)	
5,088	
100	
300	
Projected Interest For 2024/2025	

NAV Tax Collection (A-1)	
350,667	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
90,088	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	464,128	
$	435,020	
$	435,620		

EXPENDITURES					

Principal Payments (A-1)	
230,000	
240,000	
245,000	
Principal Payment Due In 2025	

Principal Payments (A-2)	
55,000	
60,000	
60,000	
Principal Payment Due In 2025	

Bond Redemption (A-1)	
0	
480	
3,640	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
460	
2,580	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
116,800	
105,600	
97,840	
Interest Payments Due In 2025	

Interest Payments (A-2)	
31,200	
28,480	
26,560	
Interest Payments Due In 2025	

Total Expenditures	
$	433,000	
$	435,020	
$	435,620		
					
Excess/ (Shortfall)	
$	31,128	
$	-	
$		

Original Par Amount = Interest Rate=
Issue Date= Maturity Date =

Par Amount As Of 1/1/24 =

Original Par Amount = Interest Rate=
Issue Date= Maturity Date =

Par Amount As Of 1/1/24 =

Series 2016A-1 Bond Refunding Information

$4,875,000	Annual Principal Payments Due= 3.20%	Annual Interest Payments Due = December 2016
May 2035

$3,420,000

Series 2016A-2 Bond Refunding Information

$1,275,000	Annual Principal Payments Due= 3.20%	Annual Interest Payments Due = December 2016
May 2036

$920,000

May 1st
May 1st & November 1st

May 1st
May 1st & November 1st

2/23/2024 1:34 PM	111	Page 17

Thousand Oaks Community Development District Assessment Comparison

	Fiscal Year				Fiscal Year				Fiscal Year				Fiscal Year		
Home			2021/2022				2022/2023				2023/2024				2024/2025		
Type			Assessment*				Assessment*				Assessment*				Projected Assessment'		

Townhomes	
O&M		
$	299.57				
$	299.54				
$	299.49				
$	299.44		
(Thousand Oaks)	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
	Sub-Total For Townhomes		$	769.77				$	769.74				$	769.69				$	769.64		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	299.44		
Attached	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
(Thousand Oaks)	Sub-Total For Single-Family Attached		$	769.77				$	769.74				$	769.69				$	769.64		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	299.44		
Detached	Debt		$	656.48				$	656.48				$	656.48				$	656.48		
(Thousand Oaks)	Sub-Total For Single-Family Detached		$	956.05				$	956.02				$	955.97				$	955.92		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	299.44		
Attached	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
(Sierra Bay)	Sub-Total For Single-Family Attached		$	769.77				$	769.74				$	769.69				$	769.64		

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	

2/2312024 1:34 PM	IV

Thousand Oaks
Community Deve[opment  District

Scenario A-Travel At $10,000 O&M Assessments At $299

Proposed Budget For Fiscal Year 2024/ 2025
October 1,  2024 - September 30,	2025

CONTENTS

PROPOSED BUDGET

II	DETAILED PROPOSED BUDGET

Ill	DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
0 & M ASSESSMENTS	268,595	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	420	
		
TOTAL REVENUES	$	731,483	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	30,000	
LAWN/LANDSCAPE MANAGEMENT	46,715	
WETLAND PRESERVE BUFFER MAINTENANCE	10,800	
MAINTENANCE CONTINGENCY	85,000	
CURB REPAIRS	0	
FOUNTAINS	0	
GOLF CART	0	
ENGINEERING/INSPECTIONS/REPORTS	6,000	
MANAGEMENT	38,124	
SECRETARIAL	4,200	
LEGAL	12,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,500	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	6,900	
LEGAL ADVERTISING	1,300	
MISCELLANEOUS	1,900	
POSTAGE	500	
OFFICE SUPPLIES	1,075	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,600	
TRAVEL/TRAINING	10,000	
WEBSITE MANAGEMENT	1,500	
		
TOTAL EXPENDITURES	$	285,549	
		
REVENUES LESS EXPENDITURES	$	445,934	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	11,214	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,621)	
DISCOUNTS FOR EARLY PAYMENTS	(29,243)	
		
EXCESS/ (SHORTFALL)	$	(32,650)	
		
CARRYOVER FROM PRIOR YEAR	32,650	
		
NET EXCESS/ (SHORTFALL)	$	

DETAILED PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
0 & M ASSESSMENTS	269,011	268,638	268,595	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,671	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,459	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	350	0	0		
INTEREST INCOME	11,276	0	420	Projected At $35 Per Month	
					
TOTAL REVENUES	$	742,767	$	731,106	$	731,483		
					
EXPENDITURES					
SUPERVISOR FEES	11,600	12,000	12,000	No Change From 2023/2024 Budget	
PAYROLL TAXES	887	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	35,430	30,000	30,000	FY 23/24 Expenditure Through Jan 2024 = $9,370	
LAWN/LANDSCAPE MANAGEMENT	69,977	46,715	46,715	FY 23/24 Expenditure Through Jan 2024 = $20,612	
WETLAND PRESERVE BUFFER MAINTENANCE	0	10,800	10,800	No Change From 2023/2024 Budget	
MAINTENANCE CONTINGENCY	93,680	79,500	85,000	$5,500 Increase From 2023/2024 Budget	
CURB REPAIRS	80,675	0	0	Fiscal Year 2022/2023 Expenditure	
FOUNTAINS	23,291	0	0	Fiscal Year 2022/2023 Expenditure	
GOLF CART	16,580	0	0	Fiscal Year 2022/2023 Expenditure	
ENGINEERING/INSPECTIONS/REPORTS	5,388	6,000	6,000	No Change From 2023/2024 Budget	
MANAGEMENT	35,952	37,020	38,124	CPI Adjustment (Capped At 3%)	
SECRETARIAL	4,200	4,200	4,200	No Change From 2023/2024 Budget	
LEGAL	19,613	10,000	12,000	$2,000 Increase From 2023/2024 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,800	3,900	3,500	Accepted Amount For 2023/2024 Audit	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2023/2024 Budget	
INSURANCE	6,608	6,900	6,900	FY 23/24 Expenditure Was $7,024	
LEGAL ADVERTISING	476	1,400	1,300	$100 Decrease From 2023/2024 Budget	
MISCELLANEOUS	2,730	1,700	1,900	$200 Increase From 2023/2024 Budget	
POSTAGE	76	500	500	No Change From 2023/2024 Budget	
OFFICE SUPPLIES	1,116	1,000	1,075	$75 Increase From 2023/2024 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2023/2024 Budget	
TRUSTEE FEES	3,500	3,700	3,600	$100 Decrease From 2023/2024 Budget	
TRAVEL/TRAINING	854	8,000	10,000	$2,000 Increase From 2023/2024 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2023/2024 Budget	
					
TOTAL EXPENDITURES	$	427,408	$	275,270	$	285,549		
					
REVENUES LESS EXPENDITURES	$	315,359	$	455,836	$	445,934		
					
BOND PAYMENTS (SERIES 2016 A1)	(350,667)	(345,880)	(345,880)	2025 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(90,088)	(88,840)	(88,840)	2025 P & I Payments Less Earned Interest	
					
BALANCE	$	(125,396)	$	21,116	$	11,214		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,560)	(14,622)	(14,621)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(26,896)	(29,244)	(29,243)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(156,852)	$	(22,750)	$	(32,650)		
					
CARRYOVER FROM PRIOR YEAR	0	22,750	32,650	Carryover From Prior Year	
		.			
NET EXCESS/ (SHORTFALL)	$	(156,852)	$	$		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023
ACTUAL	FISCAL YEAR 2023/2024
BUDGET	FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	

Interest Income (A-1)	
18,285	
200	
600	
Projected Interest For 2024/2025	

Interest Income (A-2)	
5,088	
100	
300	
Projected Interest For 2024/2025	

NAV Tax Collection (A-1)	
350,667	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
90,088	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	464,128	
$	435,020	
$	435,620		

EXPENDITURES					

Principal Payments (A-1)	
230,000	
240,000	
245,000	
Principal Payment Due In 2025	

Principal Payments (A-2)	
55,000	
60,000	
60,000	
Principal Payment Due In 2025	

Bond Redemption (A-1)	
0	
480	
3,640	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
460	
2,580	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
116,800	
105,600	
97,840	
Interest Payments Due In 2025	

Interest Payments (A-2)	
31,200	
28,480	
26,560	
Interest Payments Due In 2025	

Total Expenditures	
$	433,000	
$	435,020	
$	435,620		
					
Excess/ (Shortfall)	
$	31,128	
$	-	
$		

Original Par Amount = Interest Rate=
Issue Date= Maturity Date =

Par Amount As Of 1/1/24 =

Original Par Amount = Interest Rate=
Issue Date= Maturity Date =

Par Amount As Of 1/1/24 =

Series 2016A-1 Bond Refunding Information

$4,875,000	Annual Principal Payments Due= 3.20%	Annual Interest Payments Due = December 2016
May 2035

$3,420,000

Series 2016A-2 Bond Refunding Information

$1,275,000	Annual Principal Payments Due= 3.20%	Annual Interest Payments Due = December 2016
May 2036

$920,000

May 1st
May 1st & November 1st

May 1st
May 1st & November 1st

3/29/2024 8:05 AM	111	Page 23

Thousand Oaks Community Development District Assessment Comparison

	Fiscal Year				Fiscal Year				Fiscal Year				Fiscal Year		
Home			2021/2022				2022/2023				2023/2024				2024/2025		
Type			Assessment*				Assessment*				Assessment*				Projected Assessment'		

Townhomes	
O&M		
$	299.57				
$	299.54				
$	299.49				
$	299.44		
(Thousand Oaks)	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
	Sub-Total For Townhomes		$	769.77				$	769.74				$	769.69				$	769.64		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	299.44		
Attached	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
(Thousand Oaks)	Sub-Total For Single-Family Attached		$	769.77				$	769.74				$	769.69				$	769.64		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	299.44		
Detached	Debt		$	656.48				$	656.48				$	656.48				$	656.48		
(Thousand Oaks)	Sub-Total For Single-Family Detached		$	956.05				$	956.02				$	955.97				$	955.92		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	299.44		
Attached	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
(Sierra Bay)	Sub-Total For Single-Family Attached		$	769.77				$	769.74				$	769.69				$	769.64		

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	

3/2912024 8:05AM	IV

Thousand Oaks
Community Deve[opment  District

Scenario B -Travel At $10,000 O&M Assessments At $294

Proposed Budget For Fiscal Year 2024/ 2025
October 1,  2024 - September 30,	2025

CONTENTS

PROPOSED BUDGET

II	DETAILED PROPOSED BUDGET

Ill	DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
0 & M ASSESSMENTS	264,112	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	420	
		
TOTAL REVENUES	$	727,000	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	30,000	
LAWN/LANDSCAPE MANAGEMENT	46,715	
WETLAND PRESERVE BUFFER MAINTENANCE	10,800	
MAINTENANCE CONTINGENCY	85,000	
CURB REPAIRS	0	
FOUNTAINS	0	
GOLF CART	0	
ENGINEERING/INSPECTIONS/REPORTS	6,000	
MANAGEMENT	38,124	
SECRETARIAL	4,200	
LEGAL	12,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,500	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	6,900	
LEGAL ADVERTISING	1,300	
MISCELLANEOUS	1,900	
POSTAGE	500	
OFFICE SUPPLIES	1,075	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,600	
TRAVEL/TRAINING	10,000	
WEBSITE MANAGEMENT	1,500	
		
TOTAL EXPENDITURES	$	285,549	
		
REVENUES LESS EXPENDITURES	$	441,451	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	6,731	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,532)	
DISCOUNTS FOR EARLY PAYMENTS	(29,063)	
		
EXCESS/ (SHORTFALL)	$	(36,864)	
		
CARRYOVER FROM PRIOR YEAR	36,864	
		
NET EXCESS/ (SHORTFALL)	$	

DETAILED PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
0 & M ASSESSMENTS	269,011	268,638	264,112	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,671	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,459	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	350	0	0		
INTEREST INCOME	11,276	0	420	Projected At $35 Per Month	
					
TOTAL REVENUES	$	742,767	$	731,106	$	727,000		
					
EXPENDITURES					
SUPERVISOR FEES	11,600	12,000	12,000	No Change From 2023/2024 Budget	
PAYROLL TAXES	887	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	35,430	30,000	30,000	FY 23/24 Expenditure Through Jan 2024 = $9,370	
LAWN/LANDSCAPE MANAGEMENT	69,977	46,715	46,715	FY 23/24 Expenditure Through Jan 2024 = $20,612	
WETLAND PRESERVE BUFFER MAINTENANCE	0	10,800	10,800	No Change From 2023/2024 Budget	
MAINTENANCE CONTINGENCY	93,680	79,500	85,000	$5,500 Increase From 2023/2024 Budget	
CURB REPAIRS	80,675	0	0	Fiscal Year 2022/2023 Expenditure	
FOUNTAINS	23,291	0	0	Fiscal Year 2022/2023 Expenditure	
GOLF CART	16,580	0	0	Fiscal Year 2022/2023 Expenditure	
ENGINEERING/INSPECTIONS/REPORTS	5,388	6,000	6,000	No Change From 2023/2024 Budget	
MANAGEMENT	35,952	37,020	38,124	CPI Adjustment (Capped At 3%)	
SECRETARIAL	4,200	4,200	4,200	No Change From 2023/2024 Budget	
LEGAL	19,613	10,000	12,000	$2,000 Increase From 2023/2024 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,800	3,900	3,500	Accepted Amount For 2023/2024 Audit	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2023/2024 Budget	
INSURANCE	6,608	6,900	6,900	FY 23/24 Expenditure Was $7,024	
LEGAL ADVERTISING	476	1,400	1,300	$100 Decrease From 2023/2024 Budget	
MISCELLANEOUS	2,730	1,700	1,900	$200 Increase From 2023/2024 Budget	
POSTAGE	76	500	500	No Change From 2023/2024 Budget	
OFFICE SUPPLIES	1,116	1,000	1,075	$75 Increase From 2023/2024 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2023/2024 Budget	
TRUSTEE FEES	3,500	3,700	3,600	$100 Decrease From 2023/2024 Budget	
TRAVEL/TRAINING	854	8,000	10,000	$2,000 Increase From 2023/2024 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2023/2024 Budget	
					
TOTAL EXPENDITURES	$	427,408	$	275,270	$	285,549		
					
REVENUES LESS EXPENDITURES	$	315,359	$	455,836	$	441,451		
					
BOND PAYMENTS (SERIES 2016 A1)	(350,667)	(345,880)	(345,880)	2025 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(90,088)	(88,840)	(88,840)	2025 P & I Payments Less Earned Interest	
					
BALANCE	$	(125,396)	$	21,116	$	6,731		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,560)	(14,622)	(14,532)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(26,896)	(29,244)	(29,063)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(156,852)	$	(22,750)	$	(36,864)		
					
CARRYOVER FROM PRIOR YEAR	0	22,750	36,864	Carryover From Prior Year	
		.			
NET EXCESS/ (SHORTFALL)	$	(156,852)	$	$		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023
ACTUAL	FISCAL YEAR 2023/2024
BUDGET	FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	

Interest Income (A-1)	
18,285	
200	
600	
Projected Interest For 2024/2025	

Interest Income (A-2)	
5,088	
100	
300	
Projected Interest For 2024/2025	

NAV Tax Collection (A-1)	
350,667	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
90,088	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	464,128	
$	435,020	
$	435,620		

EXPENDITURES					

Principal Payments (A-1)	
230,000	
240,000	
245,000	
Principal Payment Due In 2025	

Principal Payments (A-2)	
55,000	
60,000	
60,000	
Principal Payment Due In 2025	

Bond Redemption (A-1)	
0	
480	
3,640	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
460	
2,580	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
116,800	
105,600	
97,840	
Interest Payments Due In 2025	

Interest Payments (A-2)	
31,200	
28,480	
26,560	
Interest Payments Due In 2025	

Total Expenditures	
$	433,000	
$	435,020	
$	435,620		
					
Excess/ (Shortfall)	
$	31,128	
$	-	
$		

Original Par Amount = Interest Rate=
Issue Date= Maturity Date =

Par Amount As Of 1/1/24 =

Original Par Amount = Interest Rate=
Issue Date= Maturity Date =

Par Amount As Of 1/1/24 =

Series 2016A-1 Bond Refunding Information

$4,875,000	Annual Principal Payments Due= 3.20%	Annual Interest Payments Due = December 2016
May 2035

$3,420,000

Series 2016A-2 Bond Refunding Information

$1,275,000	Annual Principal Payments Due= 3.20%	Annual Interest Payments Due = December 2016
May 2036

$920,000

May 1st
May 1st & November 1st

May 1st
May 1st & November 1st

3/29/2024 8:07 AM	111	Page 29

Thousand Oaks Community Development District Assessment Comparison

	Fiscal Year				Fiscal Year				Fiscal Year				Fiscal Year		
Home			2021/2022				2022/2023				2023/2024				2024/2025		
Type			Assessment*				Assessment*				Assessment*				Projected Assessment'		

Townhomes	
O&M		
$	299.57				
$	299.54				
$	299.49				
$	294.44		
(Thousand Oaks)	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
	Sub-Total For Townhomes		$	769.77				$	769.74				$	769.69				$	764.64		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	294.44		
Attached	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
(Thousand Oaks)	Sub-Total For Single-Family Attached		$	769.77				$	769.74				$	769.69				$	764.64		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	294.44		
Detached	Debt		$	656.48				$	656.48				$	656.48				$	656.48		
(Thousand Oaks)	Sub-Total For Single-Family Detached		$	956.05				$	956.02				$	955.97				$	950.92		
Single-Family	O&M		$	299.57				$	299.54				$	299.49				$	294.44		
Attached	Debt		$	470.20				$	470.20				$	470.20				$	470.20		
(Sierra Bay)	Sub-Total For Single-Family Attached		$	769.77				$	769.74				$	769.69				$	764.64		

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	

3/2912024 8:07AM	IV

Thousand Oaks Community Development District

Engineer’s Certificate for
Trust Indenture

Prepared for:
Thousand Oaks Community Development District
Board of Supervisors
Riviera Beach, Florida
August 2, 2023

Prepared by:

947 Clint Moore Road Boca Raton, FL 33487 Voice: 561-241-6455
Fax:	561-241-5182
E-mail: jeff@schnars.com

Thousand Oaks CDD
02122-4

August 2, 2023	Schnars Engineering Corp.

Facilities Inspection

Inspection Findings

August 2, 2023	Schnars Engineering Corp.

Purpose and Scope

This report is being prepared at the request of the Thousand Oaks Community Development District (TOCDD) to comply with the requirements of Section 9.21 of the Trust Indenture for the Special Assessment Bonds, Series 2005A1 and 2005A2. It is the intention of this document to report on the yearly inspection of facilities owned by the TOCDD.

Introduction / Project Description

The Thousand Oaks Community Development District (TOCDD) provides stormwater management, wetland and upland preserve habitat, roadway buffers and entry features to the residents of the District. The TOCDD is comprised of the Thousand Oaks and Sierra Bay neighborhoods. Thousand Oaks is a 101.23 gross acre residential subdivision located in the Congress Avenue PUD and Sierra Bay is a 15.75-acre residential subdivision located on the east side of Congress Avenue opposite Thousand Oaks. See Site Plan for a graphical representation of the developments, attached hereto as Exhibit “A”.

Each neighborhood’s infrastructure includes networks of storm drainage, water and sanitary sewer systems that provides service respectively to Thousand Oaks (221 single-family dwellings, 231 manor homes and 244 townhomes) and Sierra Bay (201 manor homes). In addition, the TOCDD maintains two conservation areas.
The District is in Section 30, Township 42S, Range 43E, in Palm Beach County, City of Riviera Beach, Florida. Thousand Oaks is bounded on the east by Congress Avenue; on the west by the SFWMD C-17 Canal; on the south by Timber Pine Plat No. 2 (a residential development); and on the north by unimproved Silver Beach Road and city canal R/W. Sierra Bay is bounded on the west by Congress Avenue, the north by the proposed Sonoma Bay residential development, the east by a City canal and elementary school, and the south by an existing apartment complex. Both developments may be accessed from Congress Avenue. A location map is shown on Exhibit “A”.

Existing Public Facilities
Surface Water Management System.

Thousand Oaks - The surface water management system serving the neighborhood consists of valley gutters, inlets, manholes and storm pipes that direct runoff to the on-site lake/wetland system for detention prior to discharge into the adjacent South Florida Water Management District (SFWMD) C-17 Canal. The surface water management system is complete and fully operational with no excess capacity available.

Sierra Bay - The surface water management system serving Sierra Bay is completely separate from Thousand Oaks system and consists of valley gutters, inlets, manholes and storm pipes that direct runoff to the on-site lake for water quality and quantity detention. The Sierra Bay surface water management system is interconnected to the adjacent Sonoma Bay surface water management system. Discharge is through Sonoma Bay development and into a

August 2, 2023	Schnars Engineering Corp.

City canal along its north property line which flows west to the South Florida Water Management District (SFWMD) C-17 Canal. The surface water management system is complete and fully operational with no excess capacity available.

Water Distribution

Thousand Oaks - The onsite water distribution system is composed of 6" and 8" diameter mains for potable service and fire protection. All water mains within Thousand Oaks are complete, certified, and have been transferred by the TOCDD to the City of Riviera Beach Utilities Department for ownership, operation, and maintenance.
Sierra Bay - The onsite water distribution system is composed of 6" and 8" diameter mains for potable service and fire protection. All water mains within Sierra Bay are complete, certified, and have been transferred by the TOCDD to the City of Riviera Beach Utilities Department for ownership, operation, and maintenance.

Sanitary Collection and Transmission System
Thousand Oaks - The sewage collection and transmission system consists of a lift station, 6" force main, 8" polyvinyl chloride (PVC) gravity pipe, manholes and 6" service laterals. The lift station is centrally located within the recreation area and the 6" force main extends east on Canopy Lane and ties into an existing 6" force main within the Congress Avenue right-of-way. The 8" PVC gravity pipe extends throughout the project to serve all the units. The entire sewer system for Thousand Oaks is complete, certified and has been transferred by the TOCDD to the City of Riviera Beach Utilities Department for ownership, operation, and maintenance.
Sierra Bay - The sewage collection system consists of 8" polyvinyl chloride (PVC) gravity pipe, manholes and 6" service laterals. The entire sewer system for Sierra Bay is complete, certified and has been transferred by the TOCDD to the City of Riviera Beach Utilities Department for ownership, operation, and maintenance

Conservation Area

Thousand Oaks - The TOCDD owns and maintains two conservation areas; a wetland totaling 8.19 acres and consisting predominately of sawgrass marsh. The second area is a combination wetland and upland totaling 3.08 acres. In order to insure perpetual preservation, both areas are encumbered by conservation easements dedicated to the South Florida Water Management District.

August 2, 2023	Schnars Engineering Corp.

Roadway Buffers and Entry Features

Thousand Oaks - The TOCDD owns and maintains the land and improvements within the buffer along Congress Avenue, which is generally 50 feet in width north of Canopy Lane and 20 feet in width south of Canopy Lane. The improvements within the buffer include a berm, landscaping, irrigation, and an entry feature/sign wall.

Sierra Bay - The TOCDD owns and maintains the land and improvements within the buffer along Congress Avenue, which is generally 20 feet in width. The improvements within the buffer include a berm, retaining wall, landscaping, irrigation, and an entry feature/sign wall.

Congress Avenue Median

The TOCDD maintains the landscaping and irrigation in the median.
Facilities Inspection
An inspection was performed on July 26 & 27, 2023 of the facilities owned by the TOCDD. A visual inspection was conducted of all the roadway curbs, lakes, lake banks, conservation areas, roadway buffers, entry features, and adjacent Congress Avenue median. `All drainage catch basins, the discharge control structure, and the drainage pipe connections to the catch basins and lakes were inspected for cleanliness by probing with a PVC pipe. No inspection of the water and sewer system was conducted since these items are no longer owned by the TOCDD.
Field Inspection Findings
Sierra Bay
Surface Water Management System
Curb - The curb was found to be in good condition. Repairs were recently completed in March 2023.

Drainage -The entire drainage system was recently cleaned in March 2023.
The drainage system was observed to be clean and unobstructed except in the following locations:
CB #26 completely covered with leaves. The grates on this structure need to be exposed and cleaned.
Lakes-All lake banks are properly sloped and stabilized with sod. The lake water level was 10” above design water level.
Conservation Area
Not applicable to Sierra Bay.
Roadway Buffers and Entry Features
The roadway buffers are generally in good condition. Although the roadways are not owned by the CDD, we observed the following: Sealcoat was installed throughout the project. We don’t recommend sealcoat in roadways. Many parking

August 2, 2023	Schnars Engineering Corp.

stalls show evidence of oil stains that are deteriorating the asphalt. Asphalt settlement was noticed at the intersection of Carvelle Dr & Sonrisa Dr. This area should be monitored for future settlement or possible repair. Sidewalk was broken across the street from house 3247 Scarletta Drive.

Congress Avenue Median
The median was landscaped with sod and trees and observed to be in good condition. Some small shrubs appeared to be missing.

Thousand Oaks

Surface Water Management System
Curb - The curb was found to be in good condition. Repairs were recently completed in March 2023. Some minor areas of cracking in the “D” curb on Canopy Lane. There were some areas of curb uplifting from tree roots causing minimal water retention in curb. Other areas of small cracking were noticed, but not curb displacement at the time of the inspection. These areas will be monitored on future inspections.

	Sidewalks- Although not a CDD item, the sidewalks were found to be in good condition.
	Drainage – The drainage system was found to be clean and unobstructed. The system was recently cleaned in March 2023. The following items were noticed and need to be addressed.

Catch basin #77 (by clubhouse) needs to be raised to grade. This will require relocating shrubs and possibly paver brick repair.

	Lakes – All lake banks are properly sloped and stabilized with sod. Some erosion has occurred at the design edge of water likely due to wave action and water level variations. All lakes appear to be at the same water level and were approximately 6” above the above design water level.

Conservation Area
Some erosion has occurred in the wetland buffer at the bubble up structures and upland slope. There also is dirt partially blocking the critter crossing culvert under Canopy Lane. These structures and culvert openings should be repaired per the attached exhibit “B”. The stone that was placed by the small bubble up basins from the gutters have kept erosion around the basins to a minimum. The nutrient berm was missing in most areas.

Roadway Buffers and Entry Features
The roadway buffers and entry features are generally in good condition. Although the roadways are not owned by the CDD, we observed the following: There is a small area of settlement around sanitary manhole at 3017 Laurel Ridge Circle. Many additional speed humps have been added throughout the community. There are advance warning signs, and the Speed Hump signs are not always located at the speed hump. The stop sign is too low at Sagewood Ct & Rosegate Blvd as well as Laurel Ridge Circle & Laurel Ridge Circle. Stop signs are too low

August 2, 2023	Schnars Engineering Corp.

at the intersection of Oakmont Dr & Oakhurst Way, Canopy Lane & Rosegate Blvd. These should be raised to the required height of 7’ above pavement. There are small shrubs and two signs partially blocking the emergency fire access gate in the NE corner of the property. Many wheel stops were dislocated in parking stalls. Additional STOP signs, stop bars and double yellow striping have been added throughout the community.

Congress Avenue Median
The median was landscaped with sod and trees and found to be in good condition. Several small trees & shrubs are missing on Congress Ave.
Other Items
Although not a CDD item, please note that the two Case II red reflector signs are missing at the south leg of the southwest corner of Laurel Ridge Circle.

V.   Insurance
The District currently carries comprehensive general liability insurance (covering bodily injury and property damage) with a coverage limit of $1,000,000 per occurrence. We believe these coverage limits to be reasonable. We recommend the annual premium be included in the CDD budget.

THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT

s

SITE PLAN

II
SILVER BEACH RD.

I

CANAL

--- U-EHiiiERONijji iiiWiiil.-!-

LOCATION MAP

EXHIBIT 'A'

LEGEND

THOUSAND OAKS

LIMITS OF C.D.D. (101.23 ACRES)
-	-	LIMITS OF C.D.D. OWNED LAND (25.46 ACRES) SIERRA BAY
LIMITS OF C.D.D. (15.75 ACRES)

-	-	LIMITS OF C.D.D. OWNED LAND (2.96 ACRES)

0	400'	800'
-w-w
Gll&.. M IC $CAI.I

FILE, q,/projects/2002/02/22/02/22 exhlblt·s/rcdd.dgn  DATE, Apr. 29, 2005	Page 38

Aquatic Vegetation Control, Inc. 6753 Garden Road, Suite 109 Riviera Beach, Florida 33404
Offices Located in Port St. Lucie, Pembroke Pines/City of Weston, and Florida City
(561) 845-5525 or (800) 327-8745 Fax (561) 845-5374
www.avcaquatic.com

PROPOSAL/AGREEMENT/CONTRACT

This Agreement for environmental services is entered into contract between Aquatic Vegetation Control, Inc. hereinafter referred to as "AVC", whose address is 6753 Garden Road, Suite 109, Riviera Beach, Florida 33404, and submitted to Thousand Oaks CDD c/o Special District Senices, Inc.whose address is listed below, on the latest date of execution of this Agreement by both parties signature.

Address: Phone:

2501 Bums Road, Suite A 561-630-4922

City, State, Zip: Fax:

Palm Beach Gardens. FL 33410

Contact: Job Name:

Richard Ellington Thousand Oaks

Email: rellington@sdsinc.org
Location:	Riviera Beach, FL

Scope of Services and Related Costs
AVC does hereby agree to furnish all labor, equipment, herbicides, and materials unless otherwise specified for an Aquatic Weed Control Program to be perfotmed twice per month. The scope of services is listed below.

AVC will provide all supervision, labor, material, and equipment necessary for the maintenance of five lakes and two conservation areas including litter removal. fountain cleaning / repair, weed I algae control, permit compliance and monthly reports per the specifications in the RFP.
The services to be provided by the Provider shall include but are not limited to:
Two lake maintenance visits per month for each of the five lakes within the District:
Two littoral/wetland (the "Preserves") maintenance visits per month;
Submerged weed, floating weed, bank grass and algae control in the lakes;
Permit compliance and exotic species control in the Preserves;
Fountain cleaning and repair and litter removal from the lakes;
Monthly reports to the District Manager; and
{7)	Submit all rep01ts, annually or otherwise, as required, to the South Florida Water Management District.
AVC proposes to perform the work as specified for the sum of:
One thousand nine hundred twenty three Dollars and 25 cents ($1,923.25) as specified (tax-exempt) to be billed for a grand total of Twenty three thousand seventy nine Dollars and 00 cents ($23,079.00) annually (tax-exempt).

Aquatic Vegetation Control, Inc. 6753 Garden Road, Suite 109 Riviera Beach, Florida 33404
Offices located in Port St Lucie, Pembroke Pines/City of Weston, and Florida City
(561) 845-5525 or (800) 327-8745 Fax (561) 845-5374
www.avcaquatic.com

PROPOSAL/ AGREEMENT /CONTRACT

Invoices and Billing-Any fee disputed by Thousand Oaks COD c/o Special District Services, Inc. shall be brought to the attention of AVC, in writing, within fifteen (15) days of receipt of an invoice. If an invoice is not disputed within that time, the invoice shall be deemed acceptable and shall be paid
within thirty (30) days of receipt. Interest shall accrue on the invoice at a rate of 1 ½ percent per month or the maximum rate allowed by law, whichever is less.

Terms and Conditions-All material is guaranteed to be as specified. All work will be completed in a skillful manner according to standard practices. Any modification from the above scope of work will be completed only upon a written work order signed by both parties, and will be at an extra charge over and above the cost specified in this agreement. This agreement is contingent upon sttikes, accidents, or delays beyond our control. This agreement is subject to acceptance within 30 days and is void thereatler at the option of AVC. Each party shall acknowledge changes for any modifications, additions, and/or deletions to this proposal/agreement.
Plallt Wananty/Guarantee Terms and Conditions- Aquatic Vegetation Control, Inc. (AVC) d/b/a Maitin County Fanus (MCF) guarantees the plants· health and professional installation, if applicable, under nonual site and weather conditions. AVC/MCF cannot be held liable for plant mmtality under abnonnal site and/or weather conditions, or acts of God. Plant sales and installation will be guaranteed for 10 days.
This agreement shall be in effect for a period of one-year. This agreement may be executed for an additional year or years on tenns and conditions mutually agreeable to the parties and reduced in writing unless cancelled by either party in writing with 30 days notice via certified mail. We reserve the right to include a CPI increase not to exceed 5% per year with a 60 day written notice to client
Ljabjlity-The parties to this agreement understand that AVC bears responsibility for their own willful or negligent actions that result in damages or injmy to persons or property arising out of the perfonnance of this contract. Provided, however, the extent of any damages for which AVC may be responsible because of its negligence or willful activity, shall be limited to the amount of this contract.
All herbicides used in the program are approved by the Depa1tment of Environmental Protection. Material Safety and Data Sheets are available upon request. AVC will assist customer in obtaining a pennit from the Depa1tment of Enviromnental Protection, ifrequired. AVC will fu111ish proof of liability, vehicle, worker's compensation, and pollution liability insurance upon request.

Proposal date: 4-2-09	Proposal expiration date: 10-2-09	Commencement date: 10-1-09
Aquatic Vegetation Control, Inc. Project Manager/Point of Contact:

Alex Mateos (561) 722-0239

Accepted By:

(1{'

Accepted By:

-----r:JJ	L

Authorized AV<LSignatory
Todd J. Olson

Date: 	

Company Name

Authorized Signature

Name and Title

Date

Aquatic Vegetation Control, Inc. 6753 Garden Road, Suite 109 Riviera Beach, Florida 33404
Offices located in Port St Lucie, Pembroke Pines/City of Weston, and Florida City
(561) 845-5525 or (800) 327-8745 Fax (561) 845-5374
www.avcaquatic.com
PROPOSAL/AGREEMENT/CONTRACT

Contact Information
Please complete the following information upon acceptance of the agreement and return to our office. D Please check if the billing information is the same.

Billing Information
Point of Contact: 	 Phone & Fax #:	 	 Email Address:	 	 Submit Bills To:		

Federal Tax l.d. #		
Tax Exempt:			Yes (attach exemption certificate)	No
Send Bills:   D Mail 0Fax □Email Dother	

ACORD™	CERTIFICATE OF LIABILITY INSURANCE	I DATE (MMJDD/YYYYJ 05/20/09	
PRODUCER	l-305-592-6080
Arthur J. Gallagher Risk Management Services, Inc,

8200 N.W. 41st Street Suite 200
Miami, PL 33166	THIS CERTIFICATE IS ISSUED AS A ONLY AND CONFERS NO RIGHTS HOLDER. THIS CERTIFICATE DOES
ALTER THE COVERAGE AFFORDED	MATTER OF INFORMATION UPON THE CERTIFICATE NOT AMEND, EXTEND OR
BY THE POLICIES BELOW.	
	
INSURERS AFFORDING COVERAGE	
NAIC#	
INSURED	INSURERA: LIBERTY INS	CORP			42404	
Aquatic Vegetation Control, Inc.						
	INSURERB: LIBERTY' MUT FIRE INS	CO	23035	
P,O, Box 10845	INSURER C: LM INS CORP	33600	
Riviera Beach,	FL 33419	INSURERD:		
	INSURERE:		

THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.	
1NSR
LTR	/	
'rVr.lC ns:: •••...111"11Jl••---	POllCY NUMBER	POLICY EFFECTIVE
""""'.. "'0"	POLICY EXPIRATION
"ATE	LIMIT$	
A		GENERAL LIABILITY	TB7-Z51-275208-119	04/01/09	04/01/10	EACH OCCURRENCE	$1,000,000	
		X
r--

f--
-	COMMERCIAL GENERAL LIABILITY
:JCLAIMS MAOE0	OCCUR				.,,.M,..GETO"'"''""
PD""ISES IEa occur•neg\
MED EXP (Anyone p&lSOn)	$300,000	
								$5,000	
							PERSONAL & ADV INJURY	s 1,000,000	
							GENERAL AGGREGATE	$2,000,000	
		GEN'LAGGREnGATE LIMIT APnPLIES PER:
POLICY	rR..	LOC				PRODUCTS -COMP/OP AGG	$2,000,000	
								
B		-AUTOMOBILE LIABILITY	AS2-Z5l-275208-109	04/01/09	04/01/10	COMBINED SINGLE LIMIT
(Ea accident)	
$1,000,000	
		-X	ANY AUTO						
									
		--
-
X
>---
-X	ALL OWNEO AUTOS SCHEDULED AUTOS HIRED AUTOS
NDN-OWNEO AUTOS				BODILY INJURY
(Per person)	
$	
							
BODILY INJURY
(Per accident)	
$	
									
		-					PROPERTY DAMAGE
(Per accident)	$	
									
	R	GARAGE LIABILITY ANYAUTO				AUTO ONLY - F.A ACCIDENT	$	
						
OTHER THAN AUTO ONLY:	EAACC	$	
							AGG	$	
B		EXCESS/UMBRELL□A LIABILITY [!JoccuR	CLAIMS MADE
RDEDUCTIBLE
RETENTION	$ 10,000	TH2-Z51-275208-139	04/01/09	04/01/10	EACH OCCURRENCE	s4,ooo,ooo	
						AGGREGATE	s4,00o,ooo	
							$	
							$	
							s	
C	WORKERS COMPENSATION AND	WCS-ZSl-275208-099	04/01/09	04/01/10	x I T"XgnfJg;, 1	1°Jr-		
	EMPLOYERS' LIABILITY						
					E.l. EACH ACCIDENT	$500,000	
	ANY PROPRIETOR/PARTNER/EXECUTIVE						
	OFFICER/MEMBER EXCLUDED?				E.L. DISEASE- EA EMPLOYEE	$500,000	
	fas, describe under				E.L. DISEASE - POLICY LIMIT	$500,000	
	ECIAL PROVISIONSbelow						
	OTHER					
DESCRIPTION OF OPERATIONS/ LOCATIONS /VEHICLES JEXCLUSIONS ADDED BY ENDORSEMENT/ SPECIAL PROVISIONS
General Liability Deductibla:$10,000 Combined BI/PD/ALAE Per Occurrence.	

COVERAGES

f--

		SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION	
Thousand Oaks CDD		DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL -22_ DAYS WRITTEN	
c/o	Special District Services, Inc.		NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO 00 SO SHALL	
Richard R. Ellington, District Man 2501A Burns Road		IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR	
		REPRESENTATIVES,	
Palm Beach Gardens, FL 33410		AUTHORIZl!DREPRESENTATIVE	\. \ ,·	
	USA		''t- '(	

CERTIFICATE HOLDER	CANCELLATION

ACORD 25(2001/08) DANBLA
11957536

©ACOR□CORPORATION 1988

IMPORTANT

If the certificate holder is an ADDITIONAL INSURED, the pollcy(ies) must be endorsed. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s}.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

DISCLAIMER

The Certificate of Insurance on the reverse side of this form does not constitute a contract between the issuing insurer(s), authorized representative or producer, and the certificate holder, nor does it affirmatively or negatively amend, extend or alter the coverage afforded by the policies listed thereon.

ACORD 25 (2001/08)

Thousand Oaks Coillillunity Developlllent District

Financial Report For March2024

THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2024

REVENUES	
Annual Budget
10/1/23 - 9/30/24	

Actual Mar-24	Year
To Date Actual
10/1/23 - 3/31/24	
0 & M ASSESSMENTS	268,638	3,909	255,523	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	5,187	349,750	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	1,333	89,855	
OTHER REVENUES	0	0	0	
INTEREST INCOME	0	0	4,589	
				
Total Revenues	$	731,106	$	10,429	$	699,717	
				
EXPENDITURES				
SUPERVISOR FEES	12,000	800	5,600	
PAYROLL TAXES	960	61	428	
AQUATIC/STORMWATER MANAGEMENT	30,000	900	13,093	
LAWN/LANDSCAPE MANAGEMENT	46,715	2,097	24,806	
WETLAND PRESERVE BUFFER MAINTENANCE	10,800	0	0	
MAINTENANCE CONTINGENCY (TREE TRIMMING, ETC.)	79,500	1,075	63,030	
ENGINEERING/INSPECTIONS/REPORTS	6,000	0	110	
MANAGEMENT	37,020	3,085	18,510	
SECRETARIAL	4,200	350	2,100	
LEGAL	10,000	0	2,460	
ASSESSMENT ROLL	8,000	0	0	
AUDIT FEES	3,900	0	0	
ARBITRAGE REBATE FEE	1,300	0	1,300	
INSURANCE	6,900	0	7,024	
LEGAL ADVERTISING	1,400	0	0	
MISCELLANEOUS	1,700	63	1,503	
POSTAGE	500	0	23	
OFFICE SUPPLIES	1,000	85	369	
DUES & SUBSCRIPTIONS	175	0	175	
TRUSTEE FEES	3,700	0	3,500	
TRAVEL	8,000	0	3,747	
WEBSITE MANAGEMENT	1,500	125	750	
ELECTRICITY - FOUNTAINS	0	148	148	
MISCELLANEOUS MAINTENANCE	0	0	914	
FOUNTAINS	0	0	12,670	
				
Total Expenditures	$	275,270	$	8,789	$	162,260	
				
REVENUES LESS EXPENDITURES	$	455,836	$	1,640	$	537,457	
				
PAYMENT TO TRUSTEE (A1)	(345,880)	(5,089)	(332,719)	
PAYMENT TO TRUSTEE (A2)	(88,840)	(1,308)	(85,480)	
				
BALANCE	$	21,116	$	(4,757)	$	119,258	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,622)	(103)	(7,800)	
DISCOUNTS FOR EARLY PAYMENTS	(29,244)	(94)	(27,169)	
				
EXCESS/ (SHORTFALL)	$	(22,750)	$	(4,954)	$	84,289	
				
CARRYOVER FROM PRIOR YEAR	22,750	0	0	
				
NET EXCESS/ (SHORTFALL)	$	$	(4,954)	$	84,289	

Bank Balance As Of 3/31/24	$	403,208.75	
Accounts Payable As Of 3/31/24	$	15,220.63	
Accounts Receivable As Of 3/31/24	$	552.08	
Available Funds As Of 3/31/24	$	388,540.20