Trails At Monterey 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
TRAILS AT MONTEREY COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover From Prior Year Of $24,803 was used to reduce Fiscal Year 2024/2025 Assessments.
$26,783 Of Fund Balance To Be Used To Reduce 2025/2026 Assessments.

I

$207,877

($4,987)

$202,890

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 - 9/29/25

ADMINISTRATIVE ASSESSMENTS

57,438

58,190

58,190

MAINTENANCE ASSESSMENTS

37,394

37,396

37,396

DEBT ASSESSMENTS

219,413

219,413

219,413

OTHER REVENUES

0

0

0

INTEREST INCOME

720

8,600

8,503

TOTAL REVENUES

$	314,965

$	323,599

$	323,502

EXPENDITURES

MAINTENANCE EXPENDITURES

AQUATIC/STORMWATER MANAGEMENT

7,850

7,770

7,770

MITIGATION MAINTENANCE

2,300

1,599

1,599

LAKE EASEMENT/LANDSCAPE MAINTENANCE

20,000

17,000

15,840

ENGINEERING/INSPECTIONS

5,000

2,500

1,507

TOTAL MAINTENANCE EXPENDITURES

$	35,150

$	28,869

$	26,716

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

5,000

1,800

1,800

PAYROLL TAXES (EMPLOYER)

400

138

138

MANAGEMENT

33,420

33,420

33,420

SECRETARIAL

3,600

3,600

3,600

LEGAL

10,500

9,200

7,133

ASSESSMENT ROLL

6,000

6,000

6,000

AUDIT FEES

3,500

3,500

3,500

INSURANCE

7,260

6,858

6,858

LEGAL ADVERTISING

2,000

3,500

2,321

MISCELLANEOUS

1,200

1,200

1,021

RENTAL - MEETING ROOM

0

750

750

POSTAGE

500

200

168

OFFICE SUPPLIES

600

250

200

DUES & SUBSCRIPTIONS

175

175

175

TRUSTEE FEES

4,260

4,256

4,256

CONTINUING DISCLOSURE FEE

350

350

350

WEBSITE MANAGEMENT

750

750

750

TOTAL ADMINISTRATIVE EXPENDITURES

$	79,515

$	75,947

$	72,440

TOTAL EXPENDITURES

$	114,665

$	104,816

$	99,156

REVENUES LESS EXPENDITURES

$	200,300

$	218,783

$	224,346

BOND PAYMENTS

(206,248)

(209,340)

(209,340)

BALANCE

$	(5,948)

$	9,443

$	15,006

COUNTY APPRAISER & TAX COLLECTOR FEE

(6,285)

(3,032)

(3,032)

DISCOUNTS FOR EARLY PAYMENTS

(12,570)

(11,398)

(11,398)

EXCESS/SHORTFALL

$	(24,803)

$	(4,987)

$	576

CARRYOVER FROM PRIOR YEAR

24,803

24,803

0

NET EXCESS/SHORTFALL

$	-

$	19,816

$	576

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

Notes
Reserve Fund Balance = $104,166*. Revenue Fund Balance = $150,062*.
Revenue Fund Balance To Be Used To Make Interest Payment On 11-1-25 Of $30,306.
* Approximate Amounts

Series 2012 Refunding Bonds Information

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

$2,830,000 1.75% - 4.25%
May 2012
May 2033

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

Par Amount As Of 9/30/25 =

$1,355,000

II

$241,111

$13,117

$254,228

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 - 9/29/25

Interest Income

400

10,200

10,106

NAV Tax Collection

206,248

209,340

209,340

Total Revenues

$	206,648

$	219,540

$	219,447

EXPENDITURES

Principal Payments

140,000

140,000

140,000

Interest Payments

63,518

66,423

66,423

Bond Redemption

3,130

0

0

Total Expenditures

$	206,648

$	206,423

$	206,423

Excess/ (Shortfall)

$	-

$	13,117

$	13,024