Sausalito Bay Community Development District

Proposed Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022
BUDGET	
Administrative Assessments	81,290	
Maintenance Assessments	37,181	
Debt Assessments	187,028	
Other Revenues	0	
Interest Income	300	
		
TOTAL REVENUES	$	305,799	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Aquatic Maintenance (SFH - 50)	5,400	
Aquatic Maintenance (TH - 23)	1,800	
Lawn Maintenance (SFH - 50)	22,500	
Lawn Maintenance/Lake Tracts (TH - 23)	6,000	
Lake Tract Shoreline Maintenance (SFH - 50)	900	
Lake Tract Shoreline Maintenance (TH - 23)	480	
Miscellaneous Maintenance Expenses (SFH - 50)	8,000	
Miscellaneous Maintenance Expenses (TH - 23)	750	
Misc Grounds Maintenance/Mulch/Fertilizer	4,800	
Engineering/Inspections	1,020	
Outside Janitorial Services (SFH - 50)	3,300	
Maintenance Contingency	2,300	
TOTAL MAINTENANCE EXPENDITURES	$	57,250	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	383	
Management	31,200	
Secretarial & Field Operations	6,180	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,700	
Insurance	6,000	
Legal Advertisements	700	
Miscellaneous	1,700	
Postage	250	
Office Supplies	475	
Dues & Subscriptions	175	
Trustee Fee	3,600	
Continuing Disclosure Fee	350	
Website Management	2,000	
Administrative Contingency	700	
TOTAL ADMINISTRATIVE EXPENDITURES	$	76,413	
		
TOTAL EXPENDITURES	$	133,663	
		
REVENUES LESS EXPENDITURES	$	172,136	
		
Bond Payments	(175,806)	
		
BALANCE	$	(3,670)	
		
County Appraiser & Tax Collector Fee	(6,110)	
Discounts For Early Payments	(12,220)	
		
EXCESS/ (SHORTFALL)	$	(22,000)	
		
Carryover From Prior Year	22,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

2/22/2021 10:05 AM	I

DETAILED PROPOSED BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	

COMMENTS	
Administrative Assessments	81,862	81,908	81,290	Expenditures/.94	
Maintenance Assessments	36,926	38,989	37,181	Expenditures Less Interest & Carryover/.94	
Debt Assessments	189,202	185,399	187,028	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	253	300	300	Interest Projected At $25 Per Month	
					
TOTAL REVENUES	$	308,243	$	306,596	$	305,799		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Aquatic Maintenance (SFH - 50)	6,120	5,400	5,400	No Change From 2020/2021 Budget	
Aquatic Maintenance (TH - 23)	0	1,800	1,800	No Change From 2020/2021 Budget	
Lawn Maintenance (SFH - 50)	18,966	22,500	22,500	No Change From 2020/2021 Budget	
Lawn Maintenance/Lake Tracts (TH - 23)	5,541	6,000	6,000	No Change From 2020/2021 Budget	
Lake Tract Shoreline Maintenance (SFH - 50)	1,050	900	900	No Change From 2020/2021 Budget	
Lake Tract Shoreline Maintenance (TH - 23)	350	480	480	No Change From 2020/2021 Budget	
Miscellaneous Maintenance Expenses (SFH - 50)	800	8,000	8,000	No Change From 2020/2021 Budget	
Miscellaneous Maintenance Expenses (TH - 23)	980	750	750	No Change From 2020/2021 Budget	
Misc Grounds Maintenance/Mulch/Fertilizer	0	4,800	4,800	No Change From 2020/2021 Budget	
Engineering/Inspections	975	1,020	1,020	No Change From 2020/2021 Budget	
Outside Janitorial Services (SFH - 50)	0	3,300	3,300	No Change From 2020/2021 Budget	
Maintenance Contingency	0	4,000	2,300	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	34,782	$	58,950	$	57,250		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	3,200	5,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	245	383	383	Supervisor Fees *7.65%	
Management	30,096	30,780	31,200	CPI Adjustment	
Secretarial & Field Operations	6,180	6,180	6,180	No Change From 2020/2021 Budget	
Legal	6,070	8,000	8,000	No Change From 2020/2021 Budget	
Assessment Roll	6,000	6,000	6,000	No Change From 2020/2021 Budget	
Audit Fees	3,500	3,600	3,700	Accepted Amount For 2020/2021 Audit	
Insurance	5,251	6,250	6,000	Insurance Estimate	
Legal Advertisements	578	700	700	No Change From 2020/2021 Budget	
Miscellaneous	876	2,000	1,700	$300 Decrease From 2020/2021 Budget	
Postage	86	275	250	$25 Decrease From 2020/2021 Budget	
Office Supplies	192	500	475	$25 Decrease From 2020/2021 Budget	
Dues & Subscriptions	175	175	175	No Change From 2020/2021 Budget	
Trustee Fee	3,548	3,600	3,600	No Change From 2020/2021 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2020/2021 Budget	
Website Management	2,000	2,000	2,000	No Change From 2020/2021 Budget	
Administrative Contingency	0	1,200	700	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	68,347	$	76,993	$	76,413		
					
TOTAL EXPENDITURES	$	103,129	$	135,943	$	133,663		
					
REVENUES LESS EXPENDITURES	$	205,114	$	170,653	$	172,136		
					
Bond Payments	(180,546)	(174,275)	(175,806)	2022 P & I Payments Less Earned Interest	
					
BALANCE	$	24,568	$	(3,622)	$	(3,670)		
					
County Appraiser & Tax Collector Fee	(2,967)	(6,126)	(6,110)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,104)	(12,252)	(12,220)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	10,497	$	(22,000)	$	(22,000)		
					
Carryover From Prior Year	0	22,000	22,000	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	10,497	$	-	$	-		

2/22/2021 10:05 AM	II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	

Interest Income	
1,315	
200	
25	
Projected Interest For FY 2021/2022	

NAV Tax Collection	
180,546	
174,475	
175,806	
2022 P & I Payments Less Earned Interest	

Total Revenues	
$	181,861	
$	174,675	
$	175,831		

EXPENDITURES					

Principal Payments	
100,000	
100,000	
105,000	
Principal Payment Due In 2022	

Interest Payments	
79,550	
74,675	
70,831	
Interest Payments Due In 2022	

Total Expenditures	
$	179,550	
$	174,675	
$	175,831		

Excess/ (Shortfall)	
$	2,311	
$	-	
$	-		

Series 2013 Bond Refunding Information
Original Par Amount =	$2,595,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	1.375% - 4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2013			
Maturity Date =

Par Amount As Of 1/1/21 =	May 2035

$1,955,000			

2/22/2021 10:05 AM	III

Sausalito Bay Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2018/2019	2019/2020	2020/2021	2021/2022	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative Assessment For Lot Size 23	
$	-	$	183.64	
$	189.66	
$	190.93	
$	
189.50	
Maintenance Assessment For Lot Size 23	$	-	$	44.39	$	33.54	$	35.39	$	33.49	
Debt For Lot Size 23	$	-		$	375.96	$	380.43	$	372.78	$	376.06	
Total	$	625.00	$	603.99	$	603.63	$	599.10	$	599.05	

Administrative Assessment For Lot Size 50	$	-	$	183.64	$	189.66	$	190.93	$	189.50	
Maintenance Assessment For Lot Size 50	$	-	$	151.10	$	133.72	$	141.20	$	134.88	
Debt For Lot Size 50	$	-		$	490.15	$	495.98	$	486.01	$	490.27	
Total	$	750.00	$	824.89	$	819.36	$	818.14	$	814.65	

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

Community Information:

Twenty Three Foot Lots	204
Fifty Foot Lots	225
Total Units	429

2/22/2021 10:05 AM	IV