Sausalito Bay Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover From Prior Year Of $31,185 was used to reduce Fiscal Year 2024/2025 Assessments.
$29,200 Of Fund Balance To Be Used To Reduce 2025/2026 Assessments.

I

8/22/2025 12:04 PM

$242,525

($16,521)

$226,004

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Administrative Assessments

86,189

86,921

86,921

Maintenance Assessments

29,202

29,204

29,204

Debt Assessments

183,996

183,996

183,996

Other Revenues

0

0

0

Interest Income

600

9,000

8,537

Total Revenues

$	299,987

$	309,121

$	308,658

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

3,400

2,400

Payroll Taxes (Employer)

383

344

184

Management

34,080

34,080

31,240

Secretarial & Field Operations

6,180

6,180

5,665

Legal

8,000

8,000

5,940

Assessment Roll

6,000

6,000

0

Audit Fees

3,400

3,400

3,400

Insurance

7,100

6,858

6,858

Legal Advertisements

1,800

2,000

1,371

Miscellaneous

1,400

1,400

1,092

Postage

250

150

113

Office Supplies

400

250

192

Dues & Subscriptions

175

175

175

Trustee Fee

3,800

3,816

3,816

Continuing Disclosure Fee

350

350

0

Website Management

2,000

2,000

1,833

Administrative Contingency

700

700

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	81,018

$	79,103

$	64,279

MAINTENANCE EXPENDITURES

Aquatic Maintenance (SFH - 50)

5,400

8,229

6,989

Aquatic Maintenance (TH - 23)

1,800

500

0

Lawn Maintenance (SFH - 50)

22,500

24,000

17,214

Lawn Maintenance/Lake Tracts (TH - 23)

6,000

6,500

4,576

Lake Tract Shoreline Maintenance (SFH - 50)

900

500

0

Lake Tract Shoreline Maintenance (TH - 23)

480

500

0

Miscellaneous Maintenance Expenses (SFH - 50)

8,000

2,500

0

Miscellaneous Maintenance Expenses (TH - 23)

750

500

0

Misc Grounds Maintenance/Mulch/Fertilizer

4,800

8,000

6,970

Engineering/Inspections

1,600

2,500

1,770

Outside Janitorial Services (SFH - 50)

3,000

1,500

600

Contingency (Tree Installation, Etc.)

2,020

2,020

0

TOTAL MAINTENANCE EXPENDITURES

$	57,250

$	57,249

$	38,119

TOTAL EXPENDITURES

$	138,268

$	136,352

$	102,398

REVENUES LESS EXPENDITURES

$	161,719

$	172,769

$	206,260

Bond Payments

(172,956)

(175,559)

(175,559)

Balance

$	(11,237)

$	(2,790)

$	30,701

County Appraiser & Tax Collector Fee

(5,988)

(2,888)

(2,888)

Discounts For Early Payments

(11,975)

(10,843)

(10,843)

Excess/ (Shortfall)

$	(29,200)

$	(16,521)

$	16,970

Carryover From Prior Year

29,200

29,200

0

Net Excess/ (Shortfall)

$	-

$	12,679

$	16,970

AMENDED FINAL BUDGET
SAUSALITO BAY COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $90,000*. Revenue Fund Balance = $95,628*
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $28,150.
* Approximate Amounts

2013 Bond Refunding

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$2,595,000 1.375% - 4.00%
March 2013
May 2035

Annual Principal Payments Due: May 1st
Annual Interest Payments Due:
May 1st & November 1st

Par Amount As Of 9/30/25 =

$1,415,000

II

8/22/2025 12:04 PM

$181,815

$3,813

$185,628

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

500

7,400

6,949

NAV Tax Collection

172,956

172,026

172,026

Total Revenues

$	173,456

$	179,426

$	178,975

EXPENDITURES

Principal Payments

115,000

115,000

115,000

Interest Payments

58,456

60,613

60,613

Total Expenditures

$	173,456

$	175,613

$	175,613

Excess/ (Shortfall)

$	-

$	3,813

$	3,362