Monterey/Congress 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

AMENDED FINAL BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT 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 - 8/31/19	
O & M Assessments	73,910	74,027	74,027	
Debt Assessments	285,854	286,027	286,027	
Other Revenues	0	0	0	
Interest Income	180	235	231	
				
TOTAL REVENUES	$	359,944	$	360,289	$	360,285	
				
EXPENDITURES				
Supervisor Fees	6,000	4,000	4,000	
Payroll Taxes (Employer)	480	381	381	
Engineering/Inspections	3,000	2,000	1,000	
Management	20,076	20,076	18,403	
Secretarial	3,000	3,000	2,750	
Legal	7,000	6,500	4,491	
Assessment Roll	3,000	3,000	0	
Audit Fees	3,200	3,100	3,100	
Insurance	6,356	5,000	5,000	
Legal Advertisements	1,300	1,300	743	
Miscellaneous	750	750	520	
Postage	250	100	85	
Office Supplies	425	375	325	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,089	4,089	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	1,500	1,500	1,375	
Landscape Lighting	0	25,237	25,237	
Reserve	8,044	2,500	0	
TOTAL EXPENDITURES	$	69,656	$	84,083	$	72,674	
				
REVENUES LESS EXPENDITURES	$	290,288	$	276,206	$	287,611	
				
Bond Payments	(268,703)	(273,059)	(273,059)	
				
BALANCE	$	21,585	$	3,147	$	14,552	
				
County Appraiser & Tax Collector Fee	(7,195)	(4,301)	(4,301)	
Discounts For Early Payments	(14,390)	(13,332)	(13,332)	
				
EXCESS/ (SHORTFALL)	$	-	$	(14,486)	$	(3,081)	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(14,486)	$	(3,081)	

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

$123,406	
($14,486)	
$108,920	

.

I

AMENDED FINAL BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT 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 - 8/31/19	
Interest Income	100	6,055	5,955	
NAV Tax Collection	268,703	273,059	273,059	
Total Revenues	$	268,803	$	279,114	$	279,014	
				
EXPENDITURES				
Principal Payments	105,000	105,000	105,000	
Extraordinary Principal Payments	0	15,000	15,000	
Interest Payments	163,803	165,416	165,416	
				
Total Expenditures	$	268,803	$	285,416	$	285,416	
				
Excess/ (Shortfall)	$	-	$	(6,302)	$	(6,402)	

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

$344,520	
($6,302)	
$338,218	

Notes
Reserve Fund Balance = $208,453*. Revenue Fund Balance = $129,765*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $79,684 And Extraordinary Principal Payment Of $15,000.
* Approximate Amounts

Series 2005 Bond Information
Original Par Amount =	$4,045,000	Annual Principal Payments Due:	
Interest Rate =	5.375%	May 1st	
Issue Date =	October 2005	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 8/31/19 =	May 2036

$2,965,000	May 1st & November 1st	

9/23/2019 10:49 AM	II