Sausalito Bay Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 7/31/21	
Administrative Assessments	81,908	82,181	82,181	
Maintenance Assessments	38,989	38,989	38,989	
Debt Assessments	185,399	185,399	185,399	
Other Revenues	0	0	0	
Interest Income	300	260	233	
				
Total Revenues	$	306,596	$	306,829	$	306,802	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	4,000	3,000	
Payroll Taxes (Employer)	383	310	230	
Management	30,780	30,780	25,650	
Secretarial & Field Operations	6,180	6,180	5,150	
Legal	8,000	8,000	5,303	
Assessment Roll	6,000	6,000	0	
Audit Fees	3,600	3,600	3,600	
Insurance	6,250	5,513	5,513	
Legal Advertisements	700	600	174	
Miscellaneous	2,000	1,500	668	
Postage	275	180	164	
Office Supplies	500	250	144	
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	1,666	
Administrative Contingency	1,200	500	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	76,993	$	73,486	$	54,985	
				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance (SFH - 50)	5,400	6,200	5,100	
Aquatic Maintenance (TH - 23)	1,800	1,000	0	
Lawn Maintenance (SFH - 50)	22,500	20,000	13,545	
Lawn Maintenance/Lake Tracts (TH - 23)	6,000	8,500	7,293	
Lake Tract Shoreline Maintenance (SFH - 50)	900	1,600	1,600	
Lake Tract Shoreline Maintenance (TH - 23)	480	250	0	
Miscellaneous Maintenance Expenses (SFH - 50)	8,000	4,000	0	
Miscellaneous Maintenance Expenses (TH - 23)	750	500	0	
Misc Grounds Maintenance/Mulch/Fertilizer	4,800	3,000	1,538	
Engineering/Inspections	1,020	975	975	
Outside Janitorial Services (SFH - 50)	3,300	1,000	0	
Contingency	4,000	2,000	250	
TOTAL MAINTENANCE EXPENDITURES	$	58,950	$	49,025	$	30,301	
				
TOTAL EXPENDITURES	$	135,943	$	122,511	$	85,286	
				
REVENUES LESS EXPENDITURES	$	170,653	$	184,318	$	221,516	
				
Bond Payments	(174,275)	(176,771)	(176,771)	
				
Balance	$	(3,622)	$	7,547	$	44,745	
				
County Appraiser & Tax Collector Fee	(6,126)	(2,953)	(2,953)	
Discounts For Early Payments	(12,252)	(11,305)	(11,305)	
				
Excess/ (Shortfall)	$	(22,000)	$	(6,711)	$	30,487	
				
Carryover From Prior Year	22,000	22,000	0	
				
Net Excess/ (Shortfall)	$	-	$	15,289	$	30,487	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$198,312	
($6,711)	
$191,601	

Notes
Carryover From Prior Year Of $22,000 to be used to reduce Fiscal Year 2020/2021 Assessments.
$22,000 Of Fund Balance To Be Used To Reduce 2021/2022 Assessments.

8/24/2021 11:30 AM	I

AMENDED FINAL BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 7/31/21	
Interest Income	200	11	9	
NAV Tax Collection	174,475	176,771	173,915	
Total Revenues	$	174,675	$	176,782	$	173,924	
				
EXPENDITURES				
Principal Payments	100,000	100,000	100,000	
Interest Payments	74,675	76,550	76,550	
Total Expenditures	$	174,675	$	176,550	$	176,550	
				
Excess/ (Shortfall)	$	-	$	232	$	(2,626)	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$161,730	
$232	
$161,962	

Notes
Reserve Fund Balance = $90,000*. Revenue Fund Balance = $71,962*
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $36,400.
* 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 7/31/21 =	$1,855,000		

8/24/2021 11:30 AM	II