Thousand Oaks Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O & M ASSESSMENTS

299,408

DEBT ASSESSMENTS (SERIES 2016 A1)

367,957

DEBT ASSESSMENTS (SERIES 2016 A2)

94,511

OTHER REVENUES

0

INTEREST INCOME

1,500

TOTAL REVENUES

$	763,376

EXPENDITURES

SUPERVISOR FEES

12,000

PAYROLL TAXES

960

AQUATIC/STORMWATER MANAGEMENT

30,000

LAWN/LANDSCAPE MANAGEMENT

67,000

WETLAND PRESERVE BUFFER MAINTENANCE

0

MAINTENANCE CONTINGENCY/SPECIAL PROJECTS

102,000

ELECTRICITY - FOUNTAINS

5,000

ENGINEERING/INSPECTIONS/REPORTS

5,000

MANAGEMENT

40,284

SECRETARIAL

4,200

LEGAL

12,000

ASSESSMENT ROLL

8,000

AUDIT FEES

3,700

ARBITRAGE REBATE FEE

1,300

INSURANCE

8,700

LEGAL ADVERTISING

1,250

MISCELLANEOUS

1,850

POSTAGE

475

OFFICE SUPPLIES

1,050

DUES & SUBSCRIPTIONS

175

TRUSTEE FEES

3,500

TRAVEL/TRAINING

8,000

WEBSITE MANAGEMENT

1,500

TOTAL EXPENDITURES

$	317,944

REVENUES LESS EXPENDITURES

$	445,432

BOND PAYMENTS (SERIES 2016 A1)

(345,880)

BOND PAYMENTS (SERIES 2016 A2)

(88,840)

BALANCE

$	10,712

COUNTY APPRAISER & TAX COLLECTOR FEE

(15,237)

DISCOUNTS FOR EARLY PAYMENTS

(30,475)

EXCESS/ (SHORTFALL)

$	(35,000)

CARRYOVER FROM PRIOR YEAR

35,000

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

O & M ASSESSMENTS

260,088

259,609

299,408

Expenditures Less Interest & Carryover/.94

DEBT ASSESSMENTS (SERIES 2016 A1)

367,684

367,957

367,957

Bond Payments/.94

DEBT ASSESSMENTS (SERIES 2016 A2)

94,463

94,511

94,511

Bond Payments/.94

OTHER REVENUES

0

0

0

INTEREST INCOME

10,242

1,200

1,500

Projected At $125 Per Month

TOTAL REVENUES

$	732,477

$	723,277

$	763,376

EXPENDITURES

SUPERVISOR FEES

11,800

12,000

12,000

No Change From 2025/2026 Budget

PAYROLL TAXES

903

960

960

Projected At 8% Of Supervisor Fees

AQUATIC/STORMWATER MANAGEMENT

33,879

30,000

30,000

FY 25/26 Expenditure Through March 2026 = $15,016

LAWN/LANDSCAPE MANAGEMENT

70,725

65,000

67,000

FY 25/26 Expenditure Through March 2026 = $37,950

WETLAND PRESERVE BUFFER MAINTENANCE

5,693

20,000

0

Now Included In Maintenance Contingency/Special Projects

MAINTENANCE CONTINGENCY/SPECIAL PROJECTS

46,428

85,000

102,000

Tree Trimming, Preserve, Etc.

ELECTRICITY - FOUNTAINS

1,571

750

5,000

FY 25/26 Expenditure Through March 2026 = $2,405

ENGINEERING/INSPECTIONS/REPORTS

318

6,000

5,000

$1,000 Decrease From 2025/2026 Budget

MANAGEMENT

38,124

39,228

40,284

CPI Adjustment

SECRETARIAL

4,200

4,200

4,200

No Change From 2025/2026 Budget

LEGAL

12,029

12,000

12,000

No Change From 2025/2026 Budget

ASSESSMENT ROLL

8,000

8,000

8,000

As Per Contract

AUDIT FEES

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

ARBITRAGE REBATE FEE

1,300

1,300

1,300

No Change From 2025/2026 Budget

INSURANCE

7,491

7,900

8,700

FY 25/26 Expenditure Was $7,908

LEGAL ADVERTISING

678

1,300

1,250

$50 Decrease From 2025/2026 Budget

MISCELLANEOUS

830

1,900

1,850

$50 Decrease From 2025/2026 Budget

POSTAGE

126

475

475

No Change From 2025/2026 Budget

OFFICE SUPPLIES

1,000

1,050

1,050

No Change From 2025/2026 Budget

DUES & SUBSCRIPTIONS

175

175

175

No Change From 2025/2026 Budget

TRUSTEE FEES

3,500

3,500

3,500

No Change From 2025/2026 Budget

TRAVEL/TRAINING

3,811

10,000

8,000

$2,000 Decrease From 2025/2026 Budget

WEBSITE MANAGEMENT

1,500

1,500

1,500

No Change From 2025/2026 Budget

TOTAL EXPENDITURES

$	257,581

$	315,838

$	317,944

REVENUES LESS EXPENDITURES

$	474,896

$	407,439

$	445,432

BOND PAYMENTS (SERIES 2016 A1)

(350,780)

(345,880)

(345,880)

2027 P & I Payments Less Earned Interest

BOND PAYMENTS (SERIES 2016 A2)

(90,120)

(88,840)

(88,840)

2027 P & I Payments Less Earned Interest

BALANCE

$	33,996

$	(27,281)

$	10,712

COUNTY APPRAISER & TAX COLLECTOR FEE

(3,696)

(14,441)

(15,237)

Two Percent Of Total Assessment Roll

DISCOUNTS FOR EARLY PAYMENTS

(26,331)

(28,883)

(30,475)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	3,969

$	(70,605)

$	(35,000)

CARRYOVER FROM PRIOR YEAR

0

70,605

35,000

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	3,969

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
THOUSAND OAKS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2016A-1 Bond Refunding Information

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

$4,875,000 3.20%
December 2016
May 2035

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$2,935,000

Series 2016A-2 Bond Refunding Information

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

$1,275,000 3.20%
December 2016
May 2036

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$800,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income (A-1)

19,551

1,500

1,750

Projected Interest For 2026/2027

Interest Income (A-2)

5,583

600

900

Projected Interest For 2026/2027

NAV Tax Collection (A-1)

350,780

345,880

345,880

Yearly Maximum Debt Assessment

NAV Tax Collection (A-2)

90,120

88,840

88,840

Yearly Maximum Debt Assessment

Total Revenues

$	466,034

$	436,820

$	437,370

EXPENDITURES

Principal Payments (A-1)

245,000

255,000

260,000

Principal Payment Due In 2027

Principal Payments (A-2)

60,000

60,000

65,000

Principal Payment Due In 2027

Bond Redemption (A-1)

0

2,540

6,030

Estimated Excess Debt Collections (A-1)

Bond Redemption (A-2)

0

4,800

2,100

Estimated Excess Debt Collections (A-2)

Interest Payments (A-1)

101,760

89,840

81,600

Interest Payments Due In 2027

Interest Payments (A-2)

27,520

24,640

22,640

Interest Payments Due In 2027

Total Expenditures

$	434,280

$	436,820

$	437,370

Excess/ (Shortfall)

$	31,754

$	-

$	-

Thousand Oaks Community Development District Assessment Comparison

Fiscal Year 2023/2024
  Assessment*	

Fiscal Year 2024/2025
  Assessment*	

Fiscal Year 2025/2026
  Assessment*	

Fiscal Year 2026/2027
	Projected Assessment*	

Home
	Type	

Townhomes (Thousand Oaks)

O & M Debt
Sub-Total For Townhomes

$
$

299.49
470.20

$
$

289.44
470.20

$
$

289.43
470.20

$
$

333.80
470.20

$

769.69

$

759.64

$

759.63

$

804.00

Single-Family Attached (Thousand Oaks)

O & M Debt
Sub-Total For Single-Family Attached

$
$

299.49
470.20

$
$

289.44
470.20

$
$

289.43
470.20

$
$

333.80
470.20

$

769.69

$

759.64

$

759.63

$

804.00

Single-Family Detached
(Thousand Oaks)

O & M Debt
Sub-Total For Single-Family Detached

$
$

299.49
656.48

$
$

289.44
656.48

$
$

289.43
656.48

$
$

333.80
656.48

$

955.97

$

945.92

$

945.91

$

990.28

Single-Family Attached
(Sierra Bay)

O & M Debt
Sub-Total For Single-Family Attached

$
$

299.49
470.20

$
$

289.44
470.20

$
$

289.43
470.20

$
$

333.80
470.20

$

769.69

$

759.64

$

759.63

$

804.00

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

 Community Information:	

Townhomes (Thousand Oaks)
Attached Single Family (Thousand Oaks) Detached Single Family (Thousand Oaks) Attached Single Family (Sierra Bay)
Total Units

244
231
221
201
897

 Attached Single Family Home (Thousand Oaks) Information	

Total Units Prepayments Billed For Debt

231
1
230

IV