Sausalito Bay Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2025/2026
BUDGET	
Administrative Assessments	87,234	
Maintenance Assessments	25,984	
Debt Assessments	183,996	
Other Revenues	0	
Interest Income	1,200	
TOTAL REVENUES	$	298,414	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Aquatic Maintenance (SFH - 50)	6,130	
Aquatic Maintenance (TH - 23)	1,630	
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	3,800	
Engineering/Inspections	1,600	
Outside Janitorial Services (SFH - 50)	3,000	
Maintenance Contingency	2,020	
TOTAL MAINTENANCE EXPENDITURES	$	56,810	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	306	
Management	35,064	
Secretarial & Field Operations	6,180	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,500	
Insurance	7,400	
Legal Advertisements	2,700	
Miscellaneous	1,300	
Postage	250	
Office Supplies	375	
Dues & Subscriptions	175	
Trustee Fee	3,700	
Continuing Disclosure Fee	350	
Website Management	2,000	
Administrative Contingency	700	
TOTAL ADMINISTRATIVE EXPENDITURES	$	82,000	
		
TOTAL EXPENDITURES	$	138,810	
		
REVENUES LESS EXPENDITURES	$	159,604	
		
Bond Payments	(172,956)	
		
BALANCE	$	(13,352)	
		
County Appraiser & Tax Collector Fee	(5,944)	
Discounts For Early Payments	(11,889)	
		
EXCESS/ (SHORTFALL)	$	(31,185)	
		
Carryover From Prior Year	31,185	
		
NET EXCESS/ (SHORTFALL)	$	-	

1/29/2025 1:21 PM	I

DETAILED PROPOSED BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024
ACTUAL	FISCAL YEAR 2024/2025
BUDGET	FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
Administrative Assessments	84,571	86,189	87,234	Expenditures/.94	
Maintenance Assessments	33,511	29,202	25,984	Expenditures Less Interest & Carryover/.94	
Debt Assessments	184,654	183,996	183,996	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	14,405	600	1,200	Interest Projected At $100 Per Month	
TOTAL REVENUES	$	317,141	$	299,987	$	298,414		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Aquatic Maintenance (SFH - 50)	7,441	5,400	6,130	No Change From 2024/2025 Budget	
Aquatic Maintenance (TH - 23)	0	1,800	1,630	No Change From 2024/2025 Budget	
Lawn Maintenance (SFH - 50)	16,112	22,500	22,500	No Change From 2024/2025 Budget	
Lawn Maintenance/Lake Tracts (TH - 23)	5,674	6,000	6,000	No Change From 2024/2025 Budget	
Lake Tract Shoreline Maintenance (SFH - 50)	0	900	900	No Change From 2024/2025 Budget	
Lake Tract Shoreline Maintenance (TH - 23)	0	480	480	No Change From 2024/2025 Budget	
Miscellaneous Maintenance Expenses (SFH - 50)	0	8,000	8,000	No Change From 2024/2025 Budget	
Miscellaneous Maintenance Expenses (TH - 23)	0	750	750	No Change From 2024/2025 Budget	
Misc Grounds Maintenance/Mulch/Fertilizer	0	4,800	3,800	$1,000 Decrease From 2024/2025 Budget	
Engineering/Inspections	1,100	1,600	1,600	No Change From 2024/2025 Budget	
Outside Janitorial Services (SFH - 50)	200	3,000	3,000	No Change From 2024/2025 Budget	
Maintenance Contingency	10,391	2,020	2,020	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	40,918	$	57,250	$	56,810		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,200	5,000	4,000	Supervisor Fees	
Payroll Taxes (Employer)	168	383	306	Supervisor Fees *7.65%	
Management	33,096	34,080	35,064	CPI Adjustment	
Secretarial & Field Operations	6,180	6,180	6,180	No Change From 2024/2025 Budget	
Legal	8,185	8,000	8,000	No Change From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	No Change From 2024/2025 Budget	
Audit Fees	3,300	3,400	3,500	Accepted Amount Of 2024/2025 Audit	
Insurance	6,594	7,100	7,400	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	2,646	1,800	2,700	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	765	1,400	1,300	$100 Decrease From 2024/2025 Budget	
Postage	191	250	250	No Change From 2024/2025 Budget	
Office Supplies	232	400	375	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,548	3,800	3,700	$100 Decrease From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Administrative Contingency	0	700	700	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	75,630	$	81,018	$	82,000		
					
TOTAL EXPENDITURES	$	116,548	$	138,268	$	138,810		
					
REVENUES LESS EXPENDITURES	$	200,593	$	161,719	$	159,604		
					
Bond Payments	(176,084)	(172,956)	(172,956)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	24,509	$	(11,237)	$	(13,352)		
					
County Appraiser & Tax Collector Fee	(2,912)	(5,988)	(5,944)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,111)	(11,975)	(11,889)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	10,486	$	(29,200)	$	(31,185)		
					
Carryover From Prior Year	0	29,200	31,185	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	10,486	$	-	$	-		

1/29/2025 1:21 PM	II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
9,365	
500	
1,100	
Projected Interest For FY 2025/2026	

NAV Tax Collection	
176,084	
172,956	
172,956	
2026 P & I Payments Less Earned Interest	

Total Revenues	
$	185,449	
$	173,456	
$	174,056		

EXPENDITURES					

Principal Payments	
110,000	
115,000	
120,000	
Principal Payment Due In 2026	

Interest Payments	
64,738	
58,456	
54,056	
Interest Payments Due In 2026	

Total Expenditures	
$	174,738	
$	173,456	
$	174,056		

Excess/ (Shortfall)	
$	10,711	
$	-	
$	-		

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 1/1/25 =	May 2035

$1,530,000			

1/29/2025 1:21 PM	III

Sausalito Bay Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative Assessment For Lot Size 23	
$	-	$	191.69	
$	195.74	
$	200.91	
$	
203.35	
Maintenance Assessment For Lot Size 23	$	-	$	29.13	$	30.39	$	26.48	$	22.85	
Debt For Lot Size 23	$	-		$	378.18	$	371.29	$	369.96	 $	369.96	
Total	$	625.00	$	599.00	$	597.42	$	597.35	$	596.16	

Administrative Assessment For Lot Size 50	$	-	$	191.69	$	195.74	$	200.91	$	203.35	
Maintenance Assessment For Lot Size 50	$	-	$	117.32	$	121.40	$	105.79	$	94.77	
Debt For Lot Size 50	$	-		$	493.05	$	484.06	$	482.33	 $	482.33	
Total	$	750.00	$	802.06	$	801.20	$	789.03	$	780.45	

* 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
1/29/2025 1:21 PM	IV