Monterey/Congress Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	75,326	
Debt Assessments	217,294	
Other Revenues	0	
Interest Income	960	
		
TOTAL REVENUES	$	293,580	
		
EXPENDITURES		
Supervisor Fees	6,000	
Payroll Taxes (Employer)	480	
Engineering/Inspections	2,500	
Management	23,820	
Secretarial	3,000	
Legal	7,000	
Assessment Roll	3,000	
Audit Fees	3,400	
Insurance	7,400	
Legal Advertisements	1,200	
Miscellaneous	700	
Postage	200	
Office Supplies	325	
Dues & Subscriptions	175	
Trustee Fee	4,400	
Website Management	2,000	
Reserve	6,166	
		
TOTAL EXPENDITURES	$	71,766	
		
REVENUES LESS EXPENDITURES	$	221,814	
		
Bond Payments	(204,256)	
		
BALANCE	$	17,558	
		
County Appraiser & Tax Collector Fee	(5,853)	
Discounts For Early Payments	(11,705)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR 2023/2024
ACTUAL	

FISCAL YEAR 2024/2025
BUDGET	

FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O & M Assessments	75,635	75,326	75,326	Expenditures Less Interest & Carryover/.94	
Debt Assessments	217,382	217,294	217,294	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	9,375	480	960	Interest Projected At $80 Per Month	
					
TOTAL REVENUES	$	302,392	$	293,100	$	293,580		
					
EXPENDITURES					
Supervisor Fees	3,000	6,000	6,000	Supervisor Fees	
Payroll Taxes (Employer)	230	480	480	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	2,750	2,500	2,500	$250 Increase From 2024/2025 Budget	
Management	22,488	23,160	23,820	CPI Adjustment	
Secretarial	3,000	3,000	3,000	No Change From 2024/2025 Budget	
Legal	7,602	7,000	7,000	No Change From 2024/2025 Budget	
Assessment Roll	3,000	3,000	3,000	No Change From 2024/2025 Budget	
Audit Fees	3,500	3,600	3,400	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,200	7,400	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	1,096	1,200	1,200	No Change From 2024/2025 Budget	
Miscellaneous	411	750	700	$50 Decrease From 2024/2025 Budget	
Postage	74	200	200	No Change From 2024/2025 Budget	
Office Supplies	217	350	325	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,139	4,400	4,400	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Reserve	949	6,271	6,166	Reserve	
					
TOTAL EXPENDITURES	$	61,225	$	71,286	$	71,766		
					
REVENUES LESS EXPENDITURES	$	241,167	$	221,814	$	221,814		
					
Bond Payments	(207,067)	(204,256)	(204,256)	2026 Principal & Interest Payments	
					
BALANCE	$	34,100	$	17,558	$	17,558		
					
County Appraiser & Tax Collector Fee	(1,624)	(5,853)	(5,853)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(11,098)	(11,705)	(11,705)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	21,378	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	21,378	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
8,240	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
207,067	
204,256	
204,256	
Maximum Debt Service Collection	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	215,307	
$	204,756	
$	205,256		

EXPENDITURES					

Principal Payments	
157,000	
161,000	
164,000	
Principal Payment Due In 2026	

Interest Payments	
47,916	
43,023	
39,676	
Interest Payments Due In 2026	

Extraordinary Principal Payments	
0	
733	
1,580	
Estimated Excess Debt Collections	

Total Expenditures	
$	204,916	
$	204,756	
$	205,256		

Excess/ (Shortfall)	
$	10,391	
$	-	
$	-		

Series 2021 Bond Refunding Information
Original Par Amount =	$2,631,000	Annual Principal Payments Due:	
Interest Rate =	2.060%	May 1st	
Issue Date =	September 2021	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 1/1/25 =	May 2036

$2,169,000	May 1st & November 1st	

Monterey/Congress Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	2025/2026	
 Assessment* 	 Assessment* 	  Assessment*		  Assessment*			Projected Assessment*		

O & M	
$	251.11	
$	251.11	
$	251.11	
$	251.11	
$	
251.11	
Debt	$	948.11	$	726.74	$	726.74	$	726.74	$	726.74	
Total	$	1,199.22	$	977.85	$	977.85	$	977.85	$	977.85	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	300
 Prepayments	1 Billed for Debt		299

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