Sausalito Bay Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 8/31/20	
Administrative Assessments	81,366	81,861	81,861	
Maintenance Assessments	36,926	36,926	36,926	
Debt Assessments	189,202	189,202	189,202	
Other Revenues	0	0	0	
Interest Income	240	240	236	
				
Total Revenues	$	307,734	$	308,229	$	308,225	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	3,200	3,200	
Payroll Taxes (Employer)	383	245	245	
Management	30,096	30,096	27,588	
Secretarial & Field Operations	6,180	6,180	5,665	
Legal	8,000	7,500	5,270	
Assessment Roll	6,000	6,000	0	
Audit Fees	3,500	3,500	3,500	
Insurance	6,500	5,251	5,251	
Legal Advertisements	700	700	464	
Miscellaneous	2,000	1,200	723	
Postage	300	85	77	
Office Supplies	500	225	191	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,600	3,548	3,548	
Continuing Disclosure Fee	350	350	0	
Website Management	2,000	2,000	1,832	
Administrative Contingency	1,200	600	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	76,484	$	70,855	$	57,729	
				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance (SFH - 50)	5,400	6,120	5,610	
Aquatic Maintenance (TH - 23)	1,800	500	0	
Lawn Maintenance (SFH - 50)	22,500	21,000	17,498	
Lawn Maintenance/Lake Tracts (TH - 23)	6,000	6,000	5,115	
Lake Tract Shoreline Maintenance (SFH - 50)	900	1,050	1,050	
Lake Tract Shoreline Maintenance (TH - 23)	480	480	350	
Miscellaneous Maintenance Expenses (SFH - 50)	8,000	2,500	800	
Miscellaneous Maintenance Expenses (TH - 23)	750	1,250	980	
Misc Grounds Maintenance/Mulch/Fertilizer	4,800	500	0	
Engineering/Inspections	1,020	975	975	
Outside Janitorial Services (SFH - 50)	3,300	500	0	
Contingency	4,000	2,000	0	
TOTAL MAINTENANCE EXPENDITURES	$	58,950	$	42,875	$	32,378	
				
TOTAL EXPENDITURES	$	135,434	$	113,730	$	90,107	
				
REVENUES LESS EXPENDITURES	$	172,300	$	194,499	$	218,118	
				
Bond Payments	(177,850)	(180,546)	(180,546)	
				
Balance	$	(5,550)	$	13,953	$	37,572	
				
County Appraiser & Tax Collector Fee	(6,150)	(2,967)	(2,967)	
Discounts For Early Payments	(12,300)	(11,104)	(11,104)	
				
Excess/ (Shortfall)	$	(24,000)	$	(118)	$	23,501	
				
Carryover From Prior Year	24,000	24,000	0	
				
Net Excess/ (Shortfall)	$	-	$	23,882	$	23,501	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$187,815	
($118)	
$187,697	

Notes
Carryover From Prior Year Of $24,000 to be used to reduce Fiscal Year 2019/2020 Assessments.
$22,000 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

9/25/2020 10:42 AM	I

AMENDED FINAL BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 8/31/20	
Interest Income	200	1,315	1,314	
NAV Tax Collection	177,850	180,546	180,546	
Total Revenues	$	178,050	$	181,861	$	181,860	
				
EXPENDITURES				
Principal Payments	100,000	100,000	100,000	
Interest Payments	78,050	79,550	79,550	
Total Expenditures	$	178,050	$	179,550	$	179,550	
				
Excess/ (Shortfall)	$	-	$	2,311	$	2,310	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$159,419	
$2,311	
$161,730	

Notes
Reserve Fund Balance = $90,000*. Revenue Fund Balance = $71,730*
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $38,275.
* 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 8/31/20 =	$1,955,000		

9/25/2020 10:42 AM	II