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 14, 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
April 14, 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
March 3, 2025 Regular Board Meeting	Page 2
Comments from the Public for Items Not on the Agenda
Old Business
Update on Fountain Installation
Consider Approval of Palm Beach Aquatics Proposals	Page 5
Update Regarding Golf Cart
Update on Logo Trademark
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget	Page 9
Administrative Matters
Financial Report	Page 16
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
MARCH 3, 2025

CALL TO ORDER

The March 3, 2025, Regular Board Meeting of the Thousand Oaks Community Development District (the “District”) was called to order at 4:17 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 and Supervisors Malachi Knowles (via phone), Horace Towns and Jeffery Jackson.

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

ADDITIONS OR DELETIONS TO THE AGENDA

Ms. Bethel added Update on HOA and CDD Agreement under Old Business Item H5.

A motion was made by Mr. Knowles, seconded by Mr. Towns and unanimously passed approving the addition to the agenda

APPROVAL OF MINUTES
February 10, 2025, Regular Board Meeting

A motion was made by Mr. Knowles, seconded by Mr. Smith and unanimously passed approving the minutes of the February 10, 2025, 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 Fountain Installation

Page 1 of 3

Ms. Bethel advised that the electrician had an issue with insurance, but it had been taken care of, and the inspection has been scheduled. The Board would like a proposal from Palm Beach Aquatics to move the fountain 20/30 yards.

Update Regarding Golf Cart

Ms. Bethel advised there were no updates. Mr. Gaede stated that they were waiting until the end of April to make a decision on the golf course.

Update on Logo Trademark

Ms. Bethel stated that from what she read from the attorney, in order to move forward with the trademark, the logo has been in use for 5 years, the District’s trademark has been in use since 2023. Mr. Knowles stated that he would speak with the attorney and handle it.

Update Regarding Only Trees Tree Removal at 2308 Centerstone Lane

Ms. Bethel indicated this would be completed on March 11, 2025. The HOA has been informed of the date and agreed with it.

Update on HOA and CDD Maintenance Agreement

Mr. Palen went over several bullet points regarding the agreement and stated that he needed clarification in order to move forward with the final agreement. Following discussion, Mr. Palen asked Ms. Bethel to email the agreement to the Board for their review and discussion at the next meeting.

NEW BUSINESS
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget

Resolution No. 2025-01 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 2025/2026; AND PROVIDING AN EFFECTIVE DATE.

Ms. Bethel presented the Fiscal Year 2025/2026 Proposed Budget. Following discussion, the Board requested a few changes and to bring it back for consideration during the next meeting.

ADMINISTRATIVE MATTERS
Financial Report

Ms. Bethel reminded the Board to complete their Form 1.

ATTORNEY MATTERS

There was no further report from the District’s attorney.
Page 2 of 3

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 4:57 p.m. There were no objections.

Secretary/Assistant Secretary	Chair/Vice Chair

Page 3 of 3

Palm Beach Aquatics
P.O. Box 541510 Lake Worth FL 33454
Phone: (888) 391-5253 (LAKE) Fax: (561) 790-7220
Jlevis@PBAquatics.com

ATTN:	Sylvia Bethel

Account : Address:

Special District Services (Thousand Oaks) 1034 Center Stone Ln, Riviera Beach, 33404

Job Name:	New Fountain
Address:	1034 Center Stone Ln, Riviera Beach, 33404

Phone:

(561) 630-4922. EXT: (227)

Contact:

Sylvia Bethel

Email:

Sbethel@sdsinc.org

Phone:	(561) 630-4922. EXT: (227)

Scope of Work:	0

Date:

Tuesday, March 25, 2025

This quote is for to extend both the motor and light cables on lake fountain.

Amount	Taxed Items	Cost	Total	
80	8g/4w SOOW Motor Cable	$	5.69	$	455.20	
80	14g/4w SOOW Light Cable	$	2.69	$	215.20	
2	Underwater Splice	$	125.00	$	250.00	
		$	-	$	-	
		$	-	$	-	
		$	-	$	-	
		$	-	$	-	
Amount	Non - Taxed Items	Cost	Total	
4	Labor	$	125.00	$	500.00	
		$	-	$	-	
		$	-	$	-	
Sub-Total
Tax	1,420.40	
	-	

$	710.20

50% Deposit :
To start the production or services listed above, Please Initial (page 1), Sign & date (page 2) and return with the 50% deposit to the P/O box listed above.

Total Cost :	$

Initial :

1,420.40

Palm Beach Aquatics
"Terms & Conditions"

SPECIAL CONDITIONS
Services: Any alteration from the listed specifications that may arise due to any unforeseen issues may change the scope of work and
may have additional costs or specification other than what is listed on this agreement. If this happens then PBA will stop the project and submit an additional quote for that extra project/parts. Both the original quote given and the new one must be signed and returned to PBA before we are to proceeded with the listed job/service. Both quotes will be invoiced as separate invoices.
Fountain Sales & New Installation: Its the reasonability of The HOA to provide the adequate power needed to run each system. An electrician can provide power if no electrical service is currently available. The customer may provide their own electrician or PBA can
subcontract one if no electrician is available. If PBA provides the electrician the customer can either pay electrician directly or the cost can be added to PBA's invoice. "Please Note" electrician may require a deposit which will be separate from PBA deposit amount.
Electricians quote may include costs for providing a new dedicated line of service for unit(s) Electrician costs may include (Tapping into FPL power transformer - Stand for Panel - Permits - Trenching - Parts and labor)
Fountain Replacement Parts: It is recommended that a new cable be used whenever you are installing a replacement fountain additionally
PBA always recommends that whenever replacing a motor or a pump that you replace both whenever one or the other is  replaced. Used parts may cause the integrity of the new parts to fail prematurely and dew to the stress put onto the new parts PBA can not guarantee how long the parts will last, how they will function or that the manufacture warranty will apply if something does fail. In such cases PBA will not be held responsible for any additional costs or labor that may occur due to reusing parts. Any additional any costs that occur will be the
Service Requests: PBA will guarantee a response within 48 hours of all service requests properly submitted via email or through our Palm Beach aquatics website at http://www.pbaquatics.com/PB-Aquatics-Work-Order.php All service requests for fountains and aeration a diagnosis fee of $125 will apply for the first 30 mins. If the work needed is done through PBA then PBA will waive the diagnosis fee.
Standard Hourly Labor Rates will still apply. No diagnosis fee will be applied to customers who are currently contracted with PBA for ongoing annual fountain maintenance service. This does not apply to standard superficial cleanings that are included with our annual lake maintenance service. Furthermore when service requests are submitted you are pre-authorizing PBA to replace any components needed up to $250 at the time of the visit. (Does not include labor or diagnosis fee) any repairs exceeding $250 will require a signed authorization A quote will be submitted for any repairs exceeding $250. PBA will require written authorization before proceeding.
CONDITIONS
Palm Beach Aquatics shall be entitled to reasonable attorney's fees (including appeal) for purposes of endorsement of the terms and conditions listed here and shall be entitled to an award of reasonable attorney's fees (including appeal) together with costs and expenses there of in the event of prevailing in litigation arising under the terms and conditions of this agreement.
ACCEPTANCE
By signing this quote you understand and accept this document as a legal contract between the above listed parties as is and you accept all terms special conditions and conditions as is, you agree that the above price, specifications, scope of work and conditions are satisfactory to you, additionally you are authorizing Palm Beach Aquatics Inc. and/or a subcontracted vendor by PBA as needed to complete the above listed service in accordance within all the terms and conditions specified in this contracts scope of work.
TERMS
Please return a signed copy of this agreement plus a 50% nonrefundable Deposit.
The remaining balance will be due no later than 10 days after completion of the above listed job or service.
A diagnosis fee of $125 will apply to the first 30 mins. diagnosis fee will be waived if work done with PBA
Please allow for a minimum of (4 - 6) weeks for Processing and assembly of Fountains and Aeration Systems
Quote valid for 60 days from date listed above.

Print Name

PBA Signature:

Date

JASON LEVIS

Print Name	Signature:	Date

ATTN:

Sylvia Bethel

Palm Beach Aquatics
P.O. Box 541510 Lake Worth FL 33454
Phone: (888) 391-5253 (LAKE) Fax: (561) 790-7220
Jlevis@PBAquatics.com

Account : Address:

Special District Services (Thousand Oaks) 1034 Center Stone Ln, Riviera Beach, 33404

Job Name:	New Fountain
Address:	1034 Center Stone Ln, Riviera Beach, 33404

Phone:

(561) 630-4922. EXT: (227)

Contact:

Sylvia Bethel

Email:

Sbethel@sdsinc.org

Phone:	(561) 630-4922. EXT: (227)

Scope of Work:	0

Date:

Wednesday, April 2, 2025

Upgrade GFCI Breaker 30 mA equipment protection breaker to prevent nuisance tripping

Amount	Taxed Items	Cost	Total	
1	30 mA equipment protection breaker	$	669.00	$	669.00	
		$	-	$	-	
		$	-	$	-	
		$	-	$	-	
		$	-	$	-	
		$	-	$	-	
		$	-	$	-	
Amount	Non - Taxed Items	Cost	Total	
1	LABOR	$	125.00	$	125.00	
		$	-	$	-	
		$	-	$	-	
Sub-Total
Tax	794.00
	
	-

$	397.00

50% Deposit :

Total Cost :	$

794.00

To start the production or services listed above, Please Initial (page 1), Sign & date (page 2) and return with the 50% deposit to the P/O box listed above.

Initial :

Palm Beach Aquatics
"Terms & Conditions"

SPECIAL CONDITIONS
Services: Any alteration from the listed specifications that may arise due to any unforeseen issues may change the scope of work and may have
additional costs or specification other than what is listed on this agreement. If this happens then PBA will stop the project and submit an additional quote for that extra project/parts. Both the original quote given and the new one must be signed and returned to PBA before we are to proceeded with the listed job/service. Both quotes will be invoiced as separate invoices.
Fountain Sales & New Installation: Its the reasonability of The HOA to provide the adequate power needed to run each system. An electrician can provide power if no electrical service is currently available. The customer may provide their own electrician or PBA can subcontract one if no
electrician is available. If PBA provides the electrician the customer can either pay electrician directly or the cost can be added to PBA's invoice. "Please Note" electrician may require a deposit which will be separate from PBA deposit amount. Electricians quote may include costs for providing a new dedicated line of service for unit(s) Electrician costs may include (Tapping into FPL power transformer - Stand for Panel - Permits - Trenching -
Fountain Replacement Parts: It is recommended that a new cable be used whenever you are installing a replacement fountain additionally PBA always recommends that whenever replacing a motor or a pump that you replace both whenever one or the other is  replaced. Used parts may cause the integrity of the new parts to fail prematurely and dew to the stress put onto the new parts PBA can not guarantee how long the parts will last, how they will function or that the manufacture warranty will apply if something does fail. In such cases PBA will not be held responsible for any additional costs or labor that may occur due to reusing parts. Any additional any costs that occur will be the reasonability of the party listed.
Service Requests: PBA will guarantee a response within 48 hours of all service requests properly submitted via email or through our Palm Beach aquatics website at http://www.pbaquatics.com/PB-Aquatics-Work-Order.php All service requests for fountains and aeration a diagnosis fee of $125 will apply for the first 30 mins. If the work needed is done through PBA then PBA will waive the diagnosis fee. Standard Hourly Labor Rates will still apply. No diagnosis fee will be applied to customers who are currently contracted with PBA for ongoing annual fountain maintenance service. This does not apply to standard superficial cleanings that are included with our annual lake maintenance service. Furthermore when service requests are submitted you are pre-authorizing PBA to replace any components needed up to $250 at the time of the visit. (Does not include labor or diagnosis fee) any repairs exceeding $250 will require a signed authorization A quote will be submitted for any repairs exceeding $250. PBA will require written
authorization before proceeding.
CONDITIONS
Palm Beach Aquatics shall be entitled to reasonable attorney's fees (including appeal) for purposes of endorsement of the terms and conditions
listed here and shall be entitled to an award of reasonable attorney's fees (including appeal) together with costs and expenses there of in the event of prevailing in litigation arising under the terms and conditions of this agreement.
ACCEPTANCE
By signing this quote you understand and accept this document as a legal contract between the above listed parties as is and you accept all terms special conditions and conditions as is, you agree that the above price, specifications, scope of work and conditions are satisfactory to you,
additionally you are authorizing Palm Beach Aquatics Inc. and/or a subcontracted vendor by PBA as needed to complete the above listed service in accordance within all the terms and conditions specified in this contracts scope of work.
TERMS
Please return a signed copy of this agreement plus a 50% nonrefundable Deposit.
The remaining balance will be due no later than 10 days after completion of the above listed job or service.
A diagnosis fee of $125 will apply to the first 30 mins. diagnosis fee will be waived if work done with PBA
Please allow for a minimum of (4 - 6) weeks for Processing and assembly of Fountains and Aeration Systems
Quote valid for 60 days from date listed above.

JASON LEVIS		
Print Name		PBA Signature:	Date	
				
Print Name		Signature:	Date	

RESOLUTION NO. 2025-01

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 14th day of April, 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	65,000	
WETLAND PRESERVE BUFFER MAINTENANCE	20,000	
MAINTENANCE CONTINGENCY/SPECIAL PROJECTS	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	$	315,838	
		
REVENUES LESS EXPENDITURES	$	407,439	
		
BOND PAYMENTS (SERIES 2016 A1)	(345,880)	
BOND PAYMENTS (SERIES 2016 A2)	(88,840)	
		
BALANCE	$	(27,281)	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,441)	
DISCOUNTS FOR EARLY PAYMENTS	(28,883)	
		
EXCESS/ (SHORTFALL)	$	(70,605)	
		
CARRYOVER FROM PRIOR YEAR	70,605	
		
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 Jan 2025 = $11,293	
LAWN/LANDSCAPE MANAGEMENT	41,036	46,715	65,000	FY 24/25 Expenditure Through Jan 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/SPECIAL PROJECTS	90,079	85,000	85,000	23/24 Expenditure Included Mobili]ation 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	$	315,838		
					
REVENUES LESS EXPENDITURES	$	418,537	$	436,966	$	407,439		
					
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	$	(27,281)		
					
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)	$	(70,605)		
					
CARRYOVER FROM PRIOR YEAR	0	41,080	70,605	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			

Page 15

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	

IV

Thousand Oaks Community Development District

Financial Report For March 2025

THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2025

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

Actual Mar-25	Year To Date Actual
10/1/24 - 3/31/25	
O & M ASSESSMENTS	259,627	5,210	244,171	
DEBT ASSESSMENTS (SERIES 2016 A1)	367,957	7,178	346,285	
DEBT ASSESSMENTS (SERIES 2016 A2)	94,511	1,844	88,965	
OTHER REVENUES	0	0	1	
INTEREST INCOME	420	0	5,135	
				
Total Revenues	$	722,515	$	14,232	$	684,557	
				
EXPENDITURES				
SUPERVISOR FEES	12,000	1,000	5,800	
PAYROLL TAXES	960	77	444	
AQUATIC/STORMWATER MANAGEMENT	30,000	900	15,016	
LAWN/LANDSCAPE MANAGEMENT	46,715	2,097	25,481	
WETLAND PRESERVE BUFFER MAINTENANCE	10,800	0	0	
MAINTENANCE CONTINGENCY (TREE TRIMMING, FOUNTAIN REPAIRS, ETC.)	85,000	3,500	28,000	
ENGINEERING/INSPECTIONS/REPORTS	6,000	0	318	
MANAGEMENT	38,124	3,177	19,062	
SECRETARIAL	4,200	350	2,100	
LEGAL	12,000	0	4,817	
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	54	489	
POSTAGE	500	0	70	
OFFICE SUPPLIES	1,075	78	373	
DUES & SUBSCRIPTIONS	175	0	175	
TRUSTEE FEES	3,600	0	3,500	
TRAVEL	10,000	0	0	
WEBSITE MANAGEMENT	1,500	124	750	
ELECTRICITY - FOUNTAINS	0	0	196	
				
Total Expenditures	$	285,549	$	11,357	$	114,082	
				
REVENUES LESS EXPENDITURES	$	436,966	$	2,875	$	570,475	
				
PAYMENT TO TRUSTEE (A1)	(345,880)	(7,028)	(329,543)	
PAYMENT TO TRUSTEE (A2)	(88,840)	(1,805)	(84,664)	
				
BALANCE	$	2,246	$	(5,958)	$	156,268	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(14,442)	(291)	(7,801)	
DISCOUNTS FOR EARLY PAYMENTS	(28,884)	(158)	(26,314)	
				
EXCESS/ (SHORTFALL)	$	(41,080)	$	(6,407)	$	122,153	
				
CARRYOVER FROM PRIOR YEAR	41,080	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(6,407)	$	122,153	

Bank Balance As Of 3/31/25	$	393,992.03	
Accounts Payable As Of 3/31/25	$	21,278.94	
Accounts Receivable As Of 3/31/25	$	-	
Available Funds As Of 3/31/25	$	372,713.09