Thousand Oaks Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL 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)	$	-	

I

DETAILED FINAL 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 2024/2025 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 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	$	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)	$	-	$	-		

II

DETAILED FINAL 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			

III

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