Title: TAM Amended Final Budget 2022-2023.xlsx
Author: JWalker

AMENDED FINAL BUDGET
TRAILS AT MONTEREY COMMUNITY DEVELOPMENT DISTRICT

Trails At Monterey Community Development District

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

OPERATING FUND FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

ADMINISTRATIVE ASSESSMENTS | 57,438 | 57,997 | 57,997
MAINTENANCE ASSESSMENTS | 37,394 | 37,395 | 37,395
DEBT ASSESSMENTS | 219,413 | 219,415 | 219,415
OTHER REVENUES | 0 | 0 | 0
INTEREST INCOME | 300 | 8,293 | 8,243
TOTAL REVENUES | $	314,545 | $	323,100 | $	323,050
EXPENDITURES | | |
MAINTENANCE EXPENDITURES | | |
AQUATIC/STORMWATER MANAGEMENT | 7,350 | 6,240 | 6,240
MITIGATION MAINTENANCE | 3,300 | 500 | 0
LAKE EASEMENT/LANDSCAPE MAINTENANCE | 22,000 | 14,400 | 14,400
ENGINEERING/INSPECTIONS | 2,500 | 25,000 | 21,375
MISCELLANEOUS MAINTENANCE (SIGNS, ETC.) | 0 | 1,200 | 825
TOTAL MAINTENANCE EXPENDITURES | $	35,150 | $	47,340 | $	42,840
ADMINISTRATIVE EXPENDITURES | | |
SUPERVISOR FEES | 5,000 | 4,000 | 4,000
PAYROLL TAXES (EMPLOYER) | 400 | 306 | 306
MANAGEMENT | 31,512 | 31,512 | 31,512
SECRETARIAL | 3,600 | 3,600 | 3,600
LEGAL | 10,500 | 11,200 | 9,700
ASSESSMENT ROLL | 6,000 | 6,000 | 6,000
AUDIT FEES | 3,600 | 3,500 | 3,500
INSURANCE | 6,000 | 6,134 | 6,134
LEGAL ADVERTISING | 750 | 850 | 546
MISCELLANEOUS | 1,550 | 1,550 | 946
POSTAGE | 300 | 535 | 517
OFFICE SUPPLIES | 600 | 760 | 713
DUES & SUBSCRIPTIONS | 175 | 175 | 175
TRUSTEE FEES | 3,500 | 4,256 | 4,256
CONTINUING DISCLOSURE FEE | 350 | 350 | 350
WEBSITE MANAGEMENT | 750 | 750 | 750
TOTAL ADMINISTRATIVE EXPENDITURES | $	74,587 | $	75,478 | $	73,005
TOTAL EXPENDITURES | $	109,737 | $	122,818 | $	115,845
REVENUES LESS EXPENDITURES | $	204,808 | $	200,282 | $	207,205
BOND PAYMENTS | (206,248) | (209,221) | (209,221)
BALANCE | $	(1,440) | $	(8,939) | $	(2,016)
COUNTY APPRAISER & TAX COLLECTOR FEE | (6,285) | (3,030) | (3,030)
DISCOUNTS FOR EARLY PAYMENTS | (12,570) | (11,574) | (11,574)
EXCESS/SHORTFALL | $	(20,295) | $	(23,543) | $	(16,620)
CARRYOVER FROM PRIOR YEAR | 20,295 | 20,295 | 0
NET EXCESS/SHORTFALL | $	- | $	(3,248) | $	(16,620)

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$220,957
($23,543)
$197,414

Notes
Carryover From Prior Year Of $20,295 was used to reduce Fiscal Year 2022/2023 Assessments.
$22,271 Of Fund Balance To Be Used To Reduce 2023/2024 Assessments.

DEBT SERVICE FUND FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

Interest Income | 15 | 8,299 | 8,199
NAV Tax Collection | 206,248 | 209,221 | 209,221
Total Revenues | $	206,263 | $	217,520 | $	217,420
EXPENDITURES | | |
Principal Payments | 125,000 | 125,000 | 125,000
Interest Payments | 74,491 | 76,991 | 76,991
Bond Redemption | 6,772 | 0 | 0
Total Expenditures | $	206,263 | $	201,991 | $	201,991
Excess/ (Shortfall) | $	- | $	15,529 | $	15,429

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$209,831
$15,529
$225,360

Notes
Reserve Fund Balance = $103,124*. Revenue Fund Balance = $122,236*.
Revenue Fund Balance To Be Used To Make Interest Payment On 11-1-23 Of $35,996.
* 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 9/30/23 = | $1,630,000 |

10/25/2023 8:11 AM