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 MARCH 3, 2025
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
March 3, 2025
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
February 10, 2025 Regular Board Meeting…	Page 2
Comments from the Public for Items Not on the Agenda
Old Business
Update on Fountain Installation
Update Regarding Golf Cart
Update on Logo Trademark
Update Regarding Only Trees-Tree Removal (2308 CenterStone Lane)
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget…	Page 6
Administrative Matters
Financial Report…	Page 13
Attorney Matters
Board Member Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LOCA	Q
The Gainesville Sun I The Ledger Daily Commercial I Ocala StarBanner News Chief I Herald-Tribune
Ne ·,s Herald I The Palm Beach Post Nortlw1est Florida Daily Nevis

PO Box 631244 Cincinnati, OH 45263-1244

THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025 REGULAR MEETING SCHEDULE

Thousand Oaks Cdd Thousand Oaks Cdd 2501 BURNS RD STEA

PALM BEACH GARDENS FL 334105207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Palm Beach Post, published in Palm Beach County, Florida; that the attached copy of advertisement, being a Govt Public Notices, was published on the publicly accessible website of Palm Beach County, Florida, or in a newspaper by print in the issues of, on:

09/24/2024

NOTICE IS HEREBY GIVEN that the Boord of Supervisors of the Thou­ sand Oaks Community Development District will hold Regular Meetings at J: 15 p.m. in the Thousand Oaks HOA Office located at 1034 Center Stone Lone, Riviera Beach, Florido 33404, on the following dotes:
October 7, 2024
November 4, 2024
December 9, 2024
Jonuary 13, 2025
February 10, 2025
March 3, 2025
April 14, 2025
May 12, 2025
June 9, 2025
July 14, 2025
August 11, 2025
September e, 2025
The purpose of the meetings is to conduct any business coming before the Board. The meetings ore open to the public and will be conducted in accor­ dance with the provisions of Florido law. Copies of the Agendas for onv of the meetings may be obtained from the District's website or by contacting the District Manager al (561) 630-4922 and/or toll free at 1-877-737-4922 prior to tilt! cJale of ihe particuloi- meeting.
From time to time one or more Supervisors may participate bv telephone; therefore, at the location of these meetings there will be a speaker telephone present so that interested persons can attend the meetings at the above loca­ tion and be fully informed of the discussions taking place either in person or bv telephone communication. Meetings mov be continued as found necessary to a time and place specified on the record.
If anv person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such oersan may need to ensure that a verbatim record of the proceedings is made at his ar her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, ony person requiring special accommodations or an interpreter lo partici­ pate at anv of these meeting should cantoct the District Manager at (561)
630-J922 and/or loll free al 1-877-737-4922 al least seven ()) days prior to the dote of the particular meeting.
Meetings may be cancelled from time to time without advertised notice. THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT No.10583254	Sept. 24, 202

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who

- n 09/24/2024

My commission expires

Publication Cost:	$267.74	
Tax Amount:	$0.00	
Payment Cost:	$267.74	
Order No:	10583254	
Customer No:	730529	
PO#:	fiscal meeting sched	
THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.

# of Copies:
1

Page 1 of

THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
FEBRUARY 10, 2025

CALL TO ORDER

The February 10, 2025, Regular Board Meeting of the Thousand Oaks Community Development District (the “District”) was called to order at 4:20 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 24, 2024, as part of the District’s Fiscal Year 2024/2025 Regular Board Meeting, as legally required.

MOMENT OF SILENCE

ESTABLISH A QUORUM
A quorum was established by the presence of Chairman Rance Gaede, Vice Chairman Corey Smith (appeared by phone) and Supervisors Malachi Knowles, Horace Towns and Jeffery Jackson.
Staff present was District Manager Andrew Karmeris of Special District Services, Inc; District Counsel Frank Palen and Frances Bethel of Caldwell Pacetti Edwards Schoech & Viator LLP.

Also present were the following:

Ann Williams-Resident Cathy Gaede-Resident Kay Marsh-Resident Brian Gruber- Resident

ADDITIONS OR DELETIONS TO THE AGENDA
Messrs. Gaede and Jackson disclosed that they were both members of the HOA and District Boards.
A motion was made by Mr. Knowles, seconded by Mr. Jackson and unanimously passed approving the agenda.

APPROVAL OF MINUTES
January 13, 2025, Regular Board Meeting

A motion was made by Mr. Knowles, seconded by Mr. Towns and unanimously passed approving the minutes of the January 13, 2025, Regular Board Meeting, as presented.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
Page 1 of 4

Ms. Williams stated her name was Ann not Sandra as listed in the minutes.

A motion was made by Mr. Knowles, seconded by Mr. Towns rescinding the previous motion approving the minutes and unanimously passed approving the minutes of the January 13, 2025, Regular Board Meeting, as amended with the correction to Ms. Williams’ name.

OLD BUSINESS
Update on Fountain Installation

Mr. Karmeris informed the Board that the fountain had been moved and just waiting on inspection. Mr. Jackson confirmed that the fountain had been moved.
Update on 1277 Rosegate Boulevard Swale Issue

Mr. Karmeris stated the project is complete.

Update Regarding Golf Cart

Mr. Karmeris stated that there were no updates as of yet. Mr. Jackson and Mr. Knowles stated they would like to keep the current asking price through the end of the snowbird season.

Discussion Regarding HOA Landscape Maintenance Agreement
Mr. Jackson commented that it would make sense to get a third proposal. Mr. Gaede added that there are currently two proposals to review. Mr. Towns asked how soon this decision would need to be made. Mr. Gaede stated the District property identified in the scope of services is not currently being maintained and is District responsibility. Therefore it would be appropriate to make a decision sooner than later in order to bring the maintenance current. Mr. Knowles added that he believes a third proposal is needed. District resident Cathy Gaede commented that she did a site visit with Reliable Landscaping on behalf of the HOA in order to accurately identify the specific scope of services to make the two proposals comparable. She added that the longer the District board waits on a decision, the more overgrown the landscape will become. District resident Ann Williams commented that it was her understanding as well as others that the District board was in agreement with proposed increase and it was a done deal. She was concerned that it sounds like the District board is not ready to make a decision today. Mr. Towns asked how the proposed increases would effect the budget. Mr. Gaede added that there are available funds to pay for the increase in the current fiscal year. Mr. Knowles asked District Counsel Palen if Mr. Gaede and Mr.
Jackson as HOA board members had any conflict in voting on these proposals. Mr. Palen said no.

A motion was made by Mr. Knowles, seconded by Mr. Towns and unanimously passed approving the Brightview proposal and increase of $XXXX to the landscape maintenance agreement subject to legal review.

Update on Logo Trademark

Mr. Knowles provided an email from (Law firm Name) with a not to exceed price of $2,500 to complete the logo trademark filing requirements.

Page 2 of 4

Mr. Towns asked if $2,500 was the total to complete the work. Mr. Knowles said yes.

A motion was made by Mr. Towns, seconded by Mr. Jackson and unanimously passed approving the hiring of (Law firm Name)to complete the logo trademark filing requirements at a not to exceed price of $2,500 and to include Mr. Knowles on all correspondence with (Law firm Name), as presented.

Mr. Knowles then asked if the Board was comfortable with Special District Services, Inc. being the registered agent for the District and opened the topic for discussion. Mr. Towns asked Mr. Knowles if he is asking to be the registered agent for the District? Mr. Jackson stated that the registered agent should remain Special District Services, Inc. Mr. Gaede and Mr. Smith agreed with Mr. Jackson to keep the registered agent as is but echoed that Mr. Knowles would be copied on all correspondence regarding the trademark filings.

NEW BUSINESS
Consider Approval for Only Trees, LLC Tree Removal at 2308 Centerstone Lane

Mr. Towns asked if there was only one proposal? Mr. Jackson asked if we should get a proposal from Brightview as well? Mr. Palen suggested soliciting three proposals for small projects like this going forward. Mr. Gaede commented that based on other tree removal proposal received recently, the $3,500 price to remove two trees, plus stump grinding an clean up was a fair price.

A motion was made by Mr. Jackson, seconded by Mr. Towns and unanimously passed approving the Only Trees, LLC tree removal proposal for $3,500, as presented.
ADMINISTRATIVE MATTERS
Financial Report
Mr. Gaede stated the financial report was in your agenda packet and had already been reviewed during the landscape proposal discussion.
Mr. Karmeris added that he is available if there are any other questions.
ATTORNEY MATTERS

There was no further report from the District’s attorney.

BOARD MEMBER COMMENTS

Mr. Knowles commented that he knows it is not District business but is embarrassed that the entry gate is consistently down for maintenance. Mr. Jackson echoed concerns with the gate.

Mr. Towns commented that the Tallahassee trip is coming up to meet with elected officials.

Mr. Knowles asked District resident Cathy Gaede to make an announcement. She informed the Board that the HOA is holding an event for all resident business owners on April 5th to meet the community and network and asked that any business owners interested contact her to sign up.

District resident Brian Gruber asked if there was an update on the fountain? The Board commented that Ms. Bethel is still looking into it.
Page 3 of 4

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 5:06 p.m. There were no objections.

Secretary/Assistant Secretary	Chair/Vice Chair

Page 4 of 4

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 2025/2026; 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 2025/2026 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 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for June 9, 2025 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 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 3rd day of March, 2025.

ATTEST:	THOUSAND OAKS
COMMUNITY DEVELOPMENT DISTRICT

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

Thousand Oaks Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
O & M ASSESSMENTS	259,609	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	
OTHER REVENUES	0	
INTEREST INCOME	1,200	
		
TOTAL REVENUES	$	723,277	
		
EXPENDITURES		
SUPERVISOR FEES	12,000	
PAYROLL TAXES	960	
AQUATIC/STORMWATER MANAGEMENT	30,000	
LAWN/LANDSCAPE MANAGEMENT	46,175	
WETLAND PRESERVE BUFFER MAINTENANCE	20,000	
MAINTENANCE CONTINGENCY	85,000	
FOUNTAINS	0	
ELECTRICITY - FOUNTAINS	750	
ENGINEERING/INSPECTIONS/REPORTS	6,000	
MANAGEMENT	39,228	
SECRETARIAL	4,200	
LEGAL	12,000	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,600	
ARBITRAGE REBATE FEE	1,300	
INSURANCE	7,900	
LEGAL ADVERTISING	1,300	
MISCELLANEOUS	1,900	
POSTAGE	475	
OFFICE SUPPLIES	1,050	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,500	
TRAVEL/TRAINING	10,000	
WEBSITE MANAGEMENT	1,500	
		
TOTAL EXPENDITURES	$	297,013	
		
REVENUES LESS EXPENDITURES	$	426,264	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	(8,456)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,441)	
DISCOUNTS FOR EARLY PAYMENTS	(28,883)	
		
EXCESS/ (SHORTFALL)	$	(51,780)	
		
CARRYOVER FROM PRIOR YEAR	51,780	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O & M ASSESSMENTS	269,508	259,627	259,609	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS (SERIES 2016 A1)	368,157	367,957	367,957	Bond Payments/.94	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,584	94,511	94,511	Bond Payments/.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	9,827	420	1,200	Projected At $100 Per Month	
					
TOTAL REVENUES	$	742,076	$	722,515	$	723,277		
					
EXPENDITURES					
SUPERVISOR FEES	9,600	12,000	12,000	No Change From 2023/2024 Budget	
PAYROLL TAXES	734	960	960	Projected At 8% Of Supervisor Fees	
AQUATIC/STORMWATER MANAGEMENT	33,879	30,000	30,000	FY 24/25 Expenditure Through -an 2024 = $11,293	
LAWN/LANDSCAPE MANAGEMENT	41,036	46,715	46,175	FY 24/25 Expenditure Through -an 2025 = $20,212	
WETLAND PRESERVE BUFFER MAINTENANCE	42,000	10,800	20,000	FY 23/24 Expenditure Was For Conservation Area & Preserve Tree Trimming	
MAINTENANCE CONTINGENCY	90,079	85,000	85,000	23/24 Expenditure Included Mobilization Project (Rip Rap)	
FOUNTAINS	21,439	0	0	Fiscal Year 2023/2024 Expenditure	
ELECTRICITY - FOUNTAINS	495	0	750	Electricity For Fountains	
ENGINEERING/INSPECTIONS/REPORTS	1,528	6,000	6,000	No Change From 2024/2025 Budget	
MANAGEMENT	37,020	38,124	39,228	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	7,424	12,000	12,000	No Change From 2024/2025 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	As Per Contract	
AUDIT FEES	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
ARBITRAGE REBATE FEE	1,300	1,300	1,300	No Change From 2024/2025 Budget	
INSURANCE	7,024	6,900	7,900	FY 24/25 Expenditure Was $7,491	
LEGAL ADVERTISING	891	1,300	1,300	No Change From 2024/2025 Budget	
MISCELLANEOUS	1,832	1,900	1,900	No Change From 2024/2025 Budget	
POSTAGE	135	500	475	$25 Decrease From 2024/2025 Budget	
OFFICE SUPPLIES	761	1,075	1,050	$25 Decrease From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
TRUSTEE FEES	3,500	3,600	3,500	$100 Decrease From 2024/2025 Budget	
TRAVEL/TRAINING	5,587	10,000	10,000	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	1,500	1,500	1,500	No Change From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	323,539	$	285,549	$	297,013		
					
REVENUES LESS EXPENDITURES	$	418,537	$	436,966	$	426,264		
					
BOND PAYMENTS (SERIES 2016 A1)	(350,991)	(345,880)	(345,880)	2026 P & I Payments Less Earned Interest	
BOND PAYMENTS (SERIES 2016 A2)	(90,174)	(88,840)	(88,840)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	(22,628)	$	2,246	$	(8,456)		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(3,885)	(14,442)	(14,441)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(27,178)	(28,884)	(28,883)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(53,691)	$	(41,080)	$	(51,780)		
					
CARRYOVER FROM PRIOR YEAR	0	41,080	51,780	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(53,691)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income (A-1)	
24,315	
600	
1,500	
Projected Interest For 2025/2026	

Interest Income (A-2)	
6,848	
300	
600	
Projected Interest For 2025/2026	

NAV Tax Collection (A-1)	
350,991	
345,880	
345,880	
Yearly Maximum Debt Assessment	

NAV Tax Collection (A-2)	
90,174	
88,840	
88,840	
Yearly Maximum Debt Assessment	

Total Revenues	
$	472,328	
$	435,620	
$	436,820		

EXPENDITURES					

Principal Payments (A-1)	
240,000	
245,000	
255,000	
Principal Payment Due In 2026	

Principal Payments (A-2)	
60,000	
60,000	
60,000	
Principal Payment Due In 2026	

Bond Redemption (A-1)	
0	
3,640	
2,540	
Estimated Excess Debt Collections (A-1)	

Bond Redemption (A-2)	
0	
2,580	
4,800	
Estimated Excess Debt Collections (A-2)	

Interest Payments (A-1)	
109,440	
97,840	
89,840	
Interest Payments Due In 2026	

Interest Payments (A-2)	
29,440	
26,560	
24,640	
Interest Payments Due In 2026	

Total Expenditures	
$	438,880	
$	435,620	
$	436,820		

Excess/ (Shortfall)	
$	33,448	
$	-	
$	-		

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 1/1/25 =	$3,180,000			

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 1/1/25 =	$860,000			

Thousand Oaks Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Home	2022/2023	2023/2024	2024/2025	2025/2026	
	Type		  Assessment* 	  Assessment* 	  Assessment* 		Projected Assessment*		
Townhomes	O & M	$	299.54	$	299.49	$	289.44	$	289.43	
(Thousand Oaks)	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
Sub-Total For Townhomes	
$	769.74	
$	769.69	
$	759.64	
$	759.63	
Single-Family	O & M	$	299.54	$	299.49	$	289.44	$	289.43	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Thousand Oaks)	Sub-Total For Single-Family Attached	
$	769.74	
$	769.69	
$	759.64	
$	759.63	
Single-Family	O & M	$	299.54	$	299.49	$	289.44	$	289.43	
Detached	Debt	$	656.48	$	656.48	$	656.48	$	656.48	
(Thousand Oaks)	Sub-Total For Single-Family Detached	
$	956.02	
$	955.97	
$	945.92	
$	945.91	
Single-Family	O & M	$	299.54	$	299.49	$	289.44	$	289.43	
Attached	Debt	$	470.20	$	470.20	$	470.20	$	470.20	
(Sierra Bay)	Sub-Total For Single-Family Attached	
$	769.74	
$	769.69	
$	759.64	
$	759.63	

* 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	

Thousand Oaks Community Development District

Financial Report For January 2025

THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JANUARY 2025

REVENUES	
Annual Budget
10/1/24 - 9/30/25	

Actual Jan-25	Year To Date Actual
10/1/24 - 1/31/25	
O & M ASSESSMENTS	259,627	6,753	233,747	
DEBT ASSESSMENTS SERIES 2016 A1 	367,957	9,809	331,552	
DEBT ASSESSMENTS SERIES 2016 A2 	94,511	2,520	85,180	
OTHER REVENUES	0	1	1	
INTEREST INCOME	420	0	1,083	
				
Total Revenues	$	722,515	$	19,083	$	 51,5 3	
				
EXPENDITURES				
SUPERVISOR FEES	12,000	1,000	4,800	
PAYROLL TAXES	960	77	367	
A4UATIC/STORMWATER MANAGEMENT	30,000	2,823	11,293	
LAWN/LANDSCAPE MANAGEMENT	46,715	10,697	20,212	
WETLAND PRESERVE BUFFER MAINTENANCE	10,800	0	0	
MAINTENANCE CONTINGENCY TREE TRIMMING, FOUNTAIN REPAIRS, ETC 	85,000	10,900	24,500	
ENGINEERING/INSPECTIONS/REPORTS	6,000	0	318	
MANAGEMENT	38,124	3,177	12,708	
SECRETARIAL	4,200	350	1,400	
LEGAL	12,000	902	2,575	
ASSESSMENT ROLL	8,000	0	0	
AUDIT FEES	3,500	0	0	
ARBITRAGE REBATE FEE	1,300	0	0	
INSURANCE	6,900	0	7,491	
LEGAL ADVERTISING	1,300	0	0	
MISCELLANEOUS	1,900	56	346	
POSTAGE	500	0	31	
OFFICE SUPPLIES	1,075	3	244	
DUES & SUBSCRIPTIONS	175	0	175	
TRUSTEE FEES	3,600	0	3,500	
TRAVEL	10,000	0	0	
WEBSITE MANAGEMENT	1,500	125	500	
ELECTRICITY - FOUNTAINS	0	66	132	
				
Total E[Senditures	$	285,549	$	30,17 	$	90,592	
				
REVENUES LESS EXPENDITURES	$	43 ,9 	$	 11,093 	$	5 0,971	
				
PAYMENT TO TRUSTEE A1 	 345,880 	 9,407 	 315,206 	
PAYMENT TO TRUSTEE A2 	 88,840 	 2,417 	 80,980 	
				
BALANCE	$	2,24 	$	 22,917 	$	1 4,785	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	 14,442 	 184 	 7,367 	
DISCOUNTS FOR EARLY PAYMENTS	 28,884 	 597 	 25,823 	
				
EXCESS/ SHORTFALL 	$	 41,080 	$	 23, 98 	$	131,595	
				
CARRYOVER FROM PRIOR YEAR	41,080	0	0	
				
NET EXCESS/ SHORTFALL 	$	-	$	 23, 98 	$	131,595	

Bank Balance As Of 1/31/25	$	807,742.10	
Accounts Payable As Of 1/31/25	$	425,587.11	
Accounts Receivable As Of 1/31/25	$	-	
Available Funds As Of 1/31/25	$	382,154.99