Monterey/Congress Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	76,556	76,677	76,677	
Debt Assessments	283,205	282,432	282,432	
Other Revenues	0	0	0	
Interest Income	180	362	362	
				
TOTAL REVENUES	$	359,941	$	359,471	$	359,471	
				
EXPENDITURES				
Supervisor Fees	6,000	3,000	3,000	
Payroll Taxes (Employer)	480	230	230	
Engineering/Inspections	3,000	1,200	1,200	
Management	20,448	20,448	20,448	
Secretarial	3,000	3,000	3,000	
Legal	7,000	7,000	5,664	
Assessment Roll	3,000	3,000	3,000	
Audit Fees	3,300	3,100	3,100	
Insurance	6,356	5,251	5,251	
Legal Advertisements	1,250	1,500	1,163	
Miscellaneous	750	750	621	
Postage	250	85	77	
Office Supplies	400	170	155	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,089	4,089	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	2,000	2,000	2,000	
Landscape Lighting	1,000	655	655	
Reserve	8,634	4,000	900	
TOTAL EXPENDITURES	$	72,143	$	60,653	$	55,728	
				
REVENUES LESS EXPENDITURES	$	287,798	$	298,818	$	303,743	
				
Bond Payments	(266,213)	(269,249)	(269,249)	
				
BALANCE	$	21,585	$	29,569	$	34,494	
				
County Appraiser & Tax Collector Fee	(7,195)	(4,303)	(4,303)	
Discounts For Early Payments	(14,390)	(13,371)	(13,371)	
				
EXCESS/ (SHORTFALL)	$	-	$	11,895	$	16,820	
				
Carryover From Prior Year		0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	11,895	$	16,820	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$116,237	
$11,895	
$128,132	

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I

AMENDED FINAL BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	200	2,384	2,380	
NAV Tax Collection	266,213	269,249	269,249	
Total Revenues	$	266,413	$	271,633	$	271,629	
				
EXPENDITURES				
Principal Payments	110,000	110,000	110,000	
Extraordinary Principal Payments	0	25,000	25,000	
Interest Payments	156,413	158,966	158,966	
				
Total Expenditures	$	266,413	$	293,966	$	293,966	
				
Excess/ (Shortfall)	$	-	$	(22,333)	$	(22,337)	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$349,060	
($22,333)	
$326,727	

Notes
Reserve Fund Balance = $192,034*. Revenue Fund Balance = $125,460*. Prepayment Account Balance = $9,233*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $76,056 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 9/30/20 =	May 2036

$2,830,000	May 1st & November 1st	

10/21/2020 9:58 AM	II