Monterey/Congress 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
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

.

I

$201,253

$2,984

$204,237

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 - 8/31/25

O & M Assessments

75,326

75,571

75,571

Debt Assessments

217,294

217,361

217,361

Other Revenues

0

0

0

Interest Income

480

7,800

7,721

TOTAL REVENUES

$	293,100

$	300,732

$	300,653

EXPENDITURES

Supervisor Fees

6,000

2,200

2,200

Payroll Taxes (Employer)

480

168

168

Engineering/Inspections

2,500

2,500

0

Management

23,160

23,160

21,230

Secretarial

3,000

3,000

2,750

Legal

7,000

8,200

6,268

Assessment Roll

3,000

3,000

0

Audit Fees

3,600

3,300

3,300

Insurance

7,200

6,858

6,858

Legal Advertisements

1,200

1,200

391

Miscellaneous

750

750

386

Postage

200

40

30

Office Supplies

350

300

253

Dues & Subscriptions

175

175

175

Trustee Fee

4,400

4,400

0

Website Management

2,000

2,000

1,833

Reserve (Lighting, Etc.)

6,271

15,000

12,475

TOTAL EXPENDITURES

$	71,286

$	76,251

$	58,317

REVENUES LESS EXPENDITURES

$	221,814

$	224,481

$	242,336

Bond Payments

(204,256)

(207,081)

(207,081)

BALANCE

$	17,558

17,400

$	35,255

County Appraiser & Tax Collector Fee

(5,853)

(3,377)

(3,377)

Discounts For Early Payments

(11,705)

(11,039)

(11,039)

EXCESS/ (SHORTFALL)

$	-

$	2,984

$	20,839

Carryover From Prior Year

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	2,984

$	20,839

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

Notes
Revenue Fund Balance = $121,959*.
Revenue Fund Balance to be used to make 11/1/2025 Interest Payment of $20,682.
* Approximate Amounts

Series 2021 Bond Refunding Information

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

$2,631,000 2.060%
September 2021
May 2036

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

Par Amount As Of 8/31/25 =

$2,008,000

II

9/23/2025 6:08 PM

$114,659

$7,300

$121,959

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 - 8/31/25

Interest Income

500

5,900

5,711

NAV Tax Collection

204,256

207,081

207,081

Total Revenues

$	204,756

$	212,981

$	212,792

EXPENDITURES

Principal Payments

161,000

161,000

161,000

Interest Payments

43,023

44,681

44,681

Bond Redemption

733

0

0

Total Expenditures

$	204,756

$	205,681

$	205,681

Excess/ (Shortfall)

$	-

$	7,300

$	7,111