Trails At Monterey Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

OPERATING FUND FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Administrative Assessments	55,667	56,259	56,259	
Maintenance Assessments	39,452	39,452	39,452	
Debt Assessments	219,413	219,413	219,413	
Other Revenues	0	0	0	
Interest Income	420	525	514	
TOTAL REVENUES	$	314,952	$	315,649	$	315,638	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
AQUATIC/STORMWATER MANAGEMENT	10,000	7,000	4,740	
MITIGATION MAINTENANCE	3,135	2,000	1,480	
LAKE EASEMENT/LANDSCAPE MAINTENANCE	21,450	17,000	15,480	
ENGINEERING/INSPECTIONS	2,500	2,000	850	
TOTAL MAINTENANCE EXPENDITURES	$	37,085	$	28,000	$	22,550	

ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	5,000	2,200	2,200	
PAYROLL TAXES (EMPLOYER)	400	168	168	
MANAGEMENT	30,036	30,036	30,036	
SECRETARIAL	3,600	3,600	3,600	
LEGAL	12,000	8,000	5,937	
ASSESSMENT ROLL	6,000	6,000	6,000	
AUDIT FEES	3,200	3,200	3,200	
INSURANCE	6,325	5,000	5,000	
LEGAL ADVERTISING	750	600	266	
MISCELLANEOUS	1,800	1,000	479	
POSTAGE	400	100	89	
OFFICE SUPPLIES	700	275	254	
DUES & SUBSCRIPTIONS	175	175	175	
TRUSTEE FEES	3,500	3,408	3,408	
CONTINUING DISCLOSURE FEE	350	350	350	
WEBSITE MANAGEMENT	500	500	500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,736	$	64,612	$	61,662	
				
TOTAL EXPENDITURES	$	111,821	$	92,612	$	84,212	
				
REVENUES LESS EXPENDITURES	$	203,131	$	223,037	$	231,426	
				
Bond Payments	(206,248)	(209,382)	(209,382)	
				
BALANCE	$	(3,117)	$	13,655	$	22,044	
				
County Appraiser & Tax Collector Fee	(6,291)	(3,035)	(3,035)	
Discounts For Early Payments	(12,582)	(11,348)	(11,348)	
				
EXCESS/SHORTFALL	$	(21,990)	$	(728)	$	7,661	
				
Carryover From Prior Year	21,990	21,990	0	
				
NET EXCESS/SHORTFALL	$	-	$	21,262	$	7,661	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$223,976	
($728)	
$223,248	

Notes
Carryover From Prior Year Of $21,990 was used to reduce Fiscal Year 2018/2019 Assessments.
$20,440 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

DEBT SERVICE FUND FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	25	3,900	3,879	
NAV Tax Collection	206,248	209,382	209,382	
				
Total Revenues	$	206,273	$	213,282	$	213,261	
				
EXPENDITURES				
Principal Payments	110,000	110,000	110,000	
Interest Payments	91,960	93,748	93,748	
Bond Redemption	4,313	0	0	
Total Expenditures	$	206,273	$	203,748	$	203,748	
				
Excess/ (Shortfall)	$	-	$	9,534	$	9,513	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$183,179	
$9,534	
$192,713	

Notes
Reserve Fund Balance = $103,124*. Revenue Fund Balance = $89,589*.
Revenue Fund Balance To Be Used To Make Interest Payment On 11-1-19 Of $45,086.
* Approximate Amounts

Series 2012 Refunding Bonds Information		
Original Par Amount =	$2,830,000	Annual Principal Payments Due:	
Interest Rate =	1.75% - 4.25%	May 1st	
Issue Date =	May 2012	Annual Interest Payments Due:	
Maturity Date =	May 2033	May 1st & November 1st	

Par Amount As Of 9/30/19 =	
$2,110,000