Sausalito Bay Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 8/31/19	
Administrative Assessments	78,779	79,431	79,431	
Maintenance Assessments	43,053	43,053	43,053	
Debt Assessments	186,982	186,982	186,982	
Other Revenues	0	0	0	
Interest Income	180	480	460	
				
Total Revenues	$	308,994	$	309,946	$	309,926	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	2,400	2,400	
Payroll Taxes (Employer)	383	259	259	
Management	29,544	29,544	27,082	
Secretarial & Field Operations	5,700	5,700	5,225	
Legal	8,000	7,000	5,063	
Assessment Roll	6,000	6,000	0	
Audit Fees	3,800	3,400	3,400	
Insurance	6,500	5,000	5,000	
Legal Advertisements	700	700	348	
Miscellaneous	2,000	2,000	1,043	
Postage	300	110	93	
Office Supplies	500	500	444	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,600	3,548	3,548	
Continuing Disclosure Fee	350	350	0	
Website Management	1,500	1,500	1,375	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,052	$	68,186	$	55,455	
				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance (SFH - 50)	5,400	5,400	4,640	
Aquatic Maintenance (TH - 23)	1,800	750	460	
Lawn Maintenance (SFH - 50)	22,500	21,000	18,577	
Lawn Maintenance/Lake Tracts (TH - 23)	6,000	6,000	5,327	
Lake Tract Shoreline Maintenance (SFH - 50)	900	750	350	
Lake Tract Shoreline Maintenance (TH - 23)	480	250	0	
Miscellaneous Maintenance Expenses (SFH - 50)	1,800	1,200	795	
Miscellaneous Maintenance Expenses (TH - 23)	750	250	0	
Misc Grounds Maintenance/Mulch/Fertilizer	5,000	3,500	2,536	
Engineering/Inspections	1,020	1,500	580	
Outside Janitorial Services (SFH - 50)	3,300	1,000	0	
Contingency*	5,200	18,500	16,938	
TOTAL MAINTENANCE EXPENDITURES	$	54,150	$	60,100	$	50,203	
				
TOTAL EXPENDITURES	$	128,202	$	128,286	$	105,658	
				
REVENUES LESS EXPENDITURES	$	180,792	$	181,660	$	204,268	
				
Bond Payments	(175,763)	(178,658)	(178,658)	
				
Balance	$	5,029	$	3,002	$	25,610	
				
County Appraiser & Tax Collector Fee	(6,176)	(2,985)	(2,985)	
Discounts For Early Payments	(12,353)	(10,765)	(10,765)	
				
Excess/ (Shortfall)	$	(13,500)	$	(10,748)	$	11,860	
				
Carryover From Prior Year	13,500	13,500	0	
				
Net Excess/ (Shortfall)	$	-	$	2,752	$	11,860	

* - Contingency Was Used For Tree Installation

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$192,227	
($10,748)	
$181,479	

Notes
Carryover From Prior Year Of $13,500 to be used to reduce Fiscal Year 2018/2019 Assessments.
$24,000 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

9/23/2019 4:54 PM	I

AMENDED FINAL BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 8/31/19	
Interest Income	25	2,950	2,930	
NAV Tax Collection	175,763	178,658	178,658	
Total Revenues	$	175,788	$	181,608	$	181,588	
				
EXPENDITURES				
Principal Payments	95,000	90,000	90,000	
Interest Payments	80,788	82,025	82,025	
Total Expenditures	$	175,788	$	172,025	$	172,025	
				
Excess/ (Shortfall)	$	-	$	9,583	$	9,563	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$149,360	
$9,583	
$158,943	

Notes
Reserve Fund Balance = $90,000*. Revenue Fund Balance = $68,943*
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $39,755.
* Approximate Amounts

2013 Bond Refunding		
Original Par Amount =	$2,595,000	Annual Principal Payments Due:	
Interest Rate =	1.375% - 4.00%	May 1st	
Issue Date =	March 2013	Annual Interest Payments Due:	
Maturity Date =	May 2035	May 1st & November 1st	
Par Amount As Of 8/31/19 =	$2,055,000		

9/23/2019 4:54 PM	II