Monterey/Congress Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O & M Assessments

75,326

Debt Assessments

217,294

Other Revenues

0

Interest Income

1,080

TOTAL REVENUES

$	293,700

EXPENDITURES

Supervisor Fees

6,000

Payroll Taxes (Employer)

480

Engineering/Inspections

2,500

Management

24,456

Secretarial

3,000

Legal

7,000

Assessment Roll

3,000

Audit Fees

3,500

Insurance

7,900

Legal Advertisements

1,200

Miscellaneous

650

Postage

175

Office Supplies

325

Dues & Subscriptions

175

Trustee Fee

4,400

Website Management

2,000

Reserve

5,125

TOTAL EXPENDITURES

$	71,886

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 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O & M Assessments

75,571

75,326

75,326

Expenditures Less Interest & Carryover/.94

Debt Assessments

217,361

217,294

217,294

Bond Payments/.94

Other Revenues

0

0

0

Interest Income

8,307

960

1,080

Interest Projected At $90 Per Month

TOTAL REVENUES

$	301,239

$	293,580

$	293,700

EXPENDITURES

Supervisor Fees

2,200

6,000

6,000

Supervisor Fees

Payroll Taxes (Employer)

168

480

480

Projected At 8% Of Supervisor Fees

Engineering/Inspections

0

2,500

2,500

No Change From 2025/2026 Budget

Management

23,160

23,820

24,456

CPI Adjustment

Secretarial

3,000

3,000

3,000

No Change From 2025/2026 Budget

Legal

7,068

7,000

7,000

No Change From 2025/2026 Budget

Assessment Roll

3,000

3,000

3,000

No Change From 2025/2026 Budget

Audit Fees

3,300

3,400

3,500

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,400

7,900

Fiscal Year 2025/2026 Expenditure Was $7,269

Legal Advertisements

628

1,200

1,200

No Change From 2025/2026 Budget

Miscellaneous

386

700

650

$50 Decrease From 2025/2026 Budget

Postage

30

200

175

$25 Decrease From 2025/2026 Budget

Office Supplies

255

325

325

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

4,246

4,400

4,400

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Reserve

12,475

6,166

5,125

Reserve

TOTAL EXPENDITURES

$	68,949

$	71,766

$	71,886

REVENUES LESS EXPENDITURES

$	232,290

$	221,814

$	221,814

Bond Payments

(207,081)

(204,256)

(204,256)

2027 Principal & Interest Payments

BALANCE

$	25,209

$	17,558

$	17,558

County Appraiser & Tax Collector Fee

(1,567)

(5,853)

(5,853)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(11,039)

(11,705)

(11,705)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	12,603

$	-

$	-

Carryover From Prior Year

0

0

0

Carryover From Prior Years

NET EXCESS/ (SHORTFALL)

$	12,603

$	-

$	-

DETAILED PROPOSED DEBT SERVICE BUDGET
MONTEREY/CONGRESS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$2,008,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

6,148

1,000

1,500

Projected Interest For 2026/2027

NAV Tax Collection

207,081

204,256

204,256

Maximum Debt Service Collection

Prepaid Bond Collection

0

0

0

Total Revenues

$	213,229

$	205,256

$	205,756

EXPENDITURES

Principal Payments

161,000

164,000

168,000

Principal Payment Due In 2027

Interest Payments

44,681

39,676

36,256

Interest Payments Due In 2027

Extraordinary Principal Payments

0

1,580

1,500

Estimated Excess Debt Collections

Total Expenditures

$	205,681

$	205,256

$	205,756

Excess/ (Shortfall)

$	7,548

$	-

$	-

Monterey/Congress Community Development District Assessment Comparison

Fiscal Year 2022/2023
 Assessment* 

Fiscal Year 2023/2024
Assessment*

Fiscal Year 2024/2025
Assessment*

Fiscal Year 2025/2026
Assessment*

Fiscal Year 2026/2027
Projected Assessment*

O & M Debt
Total

$

251.11

$

251.11

$

251.11

$

251.11

$

251.11

 $	726.74

$	726.74

$	726.74

$	726.74

 $	726.74

$

977.85

$

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

IV