Thousand Oaks Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2024/2025
BUDGET	
O & M ASSESSMENTS	259,627	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	420	
		
TOTAL REVENUES	$	722,515	
		
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	$	436,966	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	2,246	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,442)	
DISCOUNTS FOR EARLY PAYMENTS	(28,884)	
		
EXCESS/ (SHORTFALL)	$	(41,080)	
		
CARRYOVER FROM PRIOR YEAR	41,080	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED FINAL 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	
O & M ASSESSMENTS	269,011	268,638	259,627	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	$	722,515		
					
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	$	436,966		
					
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	$	2,246		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,560)	(14,622)	(14,442)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(26,896)	(29,244)	(28,884)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(156,852)	$	(22,750)	$	(41,080)		
					
CARRYOVER FROM PRIOR YEAR	0	22,750	41,080	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(156,852)	$	-	$	-		

II

DETAILED FINAL 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	
$	-	
$	-		

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 1/1/24 =	$3,420,000			

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 1/1/24 =	$920,000			

III

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	$	289.44	
(Thousand Oaks)	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
Sub-Total For Townhomes	
$	769.77	
$	769.74	
$	769.69	
$	759.64	
Single-Family	O & M	$	299.57	$	299.54	$	299.49	$	289.44	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Thousand Oaks)	Sub-Total For Single-Family Attached	
$	769.77	
$	769.74	
$	769.69	
$	759.64	
Single-Family	O & M	$	299.57	$	299.54	$	299.49	$	289.44	
Detached	Debt	$	656.48	$	656.48	$	656.48	$	656.48	
(Thousand Oaks)	Sub-Total For Single-Family Detached	
$	956.05	
$	956.02	
$	955.97	
$	945.92	
Single-Family	O & M	$	299.57	$	299.54	$	299.49	$	289.44	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Sierra Bay)	Sub-Total For Single-Family Attached	
$	769.77	
$	769.74	
$	769.69	
$	759.64	

* 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	

IV