Walnut Creek 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 (SERIES 2008) III	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2010)

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

	FISCAL YEAR	AMENDED	YEAR	
	2019/2020	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
REVENUES	10/1/19 - 9/30/20	10/1/19 - 9/30/20	10/1/19 - 9/29/20	
ADMINISTRATIVE ASSESSMENTS	166,471	168,655	168,655	
MAINTENANCE ASSESSMENTS	878,574	878,905	878,905	
DEBT ASSESSMENTS (2008)	380,030	380,185	380,185	
DEBT ASSESSMENTS (2010)	130,015	130,047	130,047	
OTHER REVENUES	0	7,519	7,519	
INTEREST INCOME	1,500	3,594	3,594	
TOTAL REVENUES	$	1,556,590	$	1,568,905	$	1,568,905	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	6,000	4,000	4,000	
PAYROLL TAXES (EMPLOYER)	480	306	306	
ENGINEERING	35,000	30,354	30,354	
LEGAL FEES	19,000	11,140	11,140	
AUDIT FEES	3,700	3,700	3,700	
MANAGEMENT	44,628	44,628	44,628	
POSTAGE	1,400	690	663	
OFFICE SUPPLIES/PRINTING	5,800	2,650	2,556	
INSURANCE	14,000	12,047	12,047	
LEGAL ADVERTISING	1,200	2,200	1,789	
MISCELLANEOUS	9,000	7,500	5,530	
DUES & SUBSCRIPTIONS	175	175	175	
ASSESSMENT ROLL	7,500	7,500	7,500	
TRUSTEE FEES	6,250	6,180	6,180	
CONTINUING DISCLOSURE FEE	350	350	350	
WEBSITE MANAGEMENT	2,000	2,000	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	156,483	$	135,420	$	132,918	
				
MAINTENANCE EXPENDITURES				
FIELD MAINTENANCE	5,000	5,000	5,000	
OPERATIONS MANAGEMENT	12,000	12,000	12,000	
SECURITY SERVICES	317,000	281,161	281,161	
TELEPHONE	10,500	9,878	9,878	
ELECTRIC	80,000	75,110	75,110	
WATER & SEWAGE	10,000	16,500	16,500	
GUARD HOUSE - VISITOR PASSES	7,200	2,304	2,304	
GATE SYSTEM MAINTENANCE	27,500	16,000	13,339	
GUARD HOUSE INT/EXT MAINTENANCE	7,500	7,500	7,201	
LAKE & PRESERVE MAINTENANCE	40,000	39,383	39,383	
SIGNAGE	2,000	1,750	1,115	
STREETLIGHT MAINTENANCE	4,500	2,000	1,348	
WATERFALL MAINTENANCE	55,000	154,000	151,017	
HOLIDAY LIGHTING	6,600	6,581	6,581	
LAKE RESTORATION & MAINTENANCE	72,000	71,352	71,352	
LAKE RESTORATION & MAINTENANCE - ENGINEERING	0	2,723	2,723	
OPERATING RESERVE/CONTINGENCY	80,860	60,000	32,953	
MISCELLANEOUS MAINTENANCE	0	1,647	1,647	
STORMWATER MGT & PIPE REPLACEMENT RESERVE/CONTINGENCY	74,700	35,000	24,498	
PRESSURE CLEANING & PAINTING OF EXTERIOR STRUCTURES & GATES	15,000	7,500	4,500	
PERIMETER FENCE PROJECT	117,000	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	944,360	$	807,389	$	759,610	
				
TOTAL EXPENDITURES	$	1,100,843	$	942,809	$	892,528	
				
REVENUES LESS EXPENDITURES	$	455,747	$	626,096	$	676,377	
				
PAYMENT TO TRUSTEE (2008)	(357,228)	(358,924)	(358,924)	
PAYMENT TO TRUSTEE (2010)	(122,214)	(122,774)	(122,774)	
				
BALANCE	$	(23,695)	$	144,398	$	194,679	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(31,101)	(29,999)	(29,999)	
DISCOUNTS FOR EARLY PAYMENTS	(62,204)	(57,022)	(57,022)	
				
EXCESS/ (SHORTFALL)	$	(117,000)	$	57,377	$	107,658	
				
CARRY FORWARD SURPLUS	117,000	117,000	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	174,377	$	107,658	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
GROSS FUND BALANCE AS OF 9/30/20	
LESS IMPROVEMENTS/EMERGENCY FUND BALANCE AS OF 9/30/20	
PROJECTED OPERATING FUND BALANCE AS OF 9/30/20	

$1,012,011	
$57,377	
$1,069,388	
$613,236	
$456,152	

Notes
Carryover From Prior Year Of $117,000 was used to reduce Fiscal Year 2019/2020 Assessments.
$180,000 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

I

AMENDED FINAL BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2008)
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	50	1,595	1,595	
NAV Tax Collection	357,228	358,924	358,924	
Prepaid Bond Collection	0	0	0	
Total Revenues	$	357,278	$	360,519	$	360,519	
				
EXPENDITURES				
Principal Payments	330,000	330,000	330,000	
Additional Principal Payments	1,625	0	0	
Interest Payments	25,653	33,953	33,953	
				
Total Expenditures	$	357,278	$	363,953	$	363,953	
				
Excess/ (Shortfall)	$	-	$	(3,434)	$	(3,434)	

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

$126,568	
($3,434)	
$123,134	

Notes
Reserve Fund Balance = $35,950*. Revenue Fund Balance = $84,329*. Prepayment Account Balance = $2,855*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $8,677.
* Approximate Amounts

Series 2008 Bond Information	
Original Par Amount =	$3,450,000	Annual Principal Payments Due:	
Interest Rate =	4.01% - 5.03%	May 1st	
Issue Date =	July 2008	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/20 =	May 2021

$345,000	May 1st & November 1st	

II

AMENDED FINAL BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2010)
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	
50	
1,728	
1,728	

NAV Tax Collection	
122,214	
122,774	
122,774	

Prepaid Bond Collection	
0	
0	
0	

Total Revenues	
$	122,264	
$	124,502	
$	124,502	

EXPENDITURES				

Principal Payments	
45,000	
45,000	
45,000	

Additional Principal Payments	
8,884	
0	
0	

Interest Payments	
68,380	
67,780	
67,780	

Total Expenditures	
$	122,264	
$	112,780	
$	112,780	

Excess/ (Shortfall)	
$	-	
$	11,722	
$	11,722	

FUND BALANCE AS OF 9/30/19	

FY 2019/2020 ACTIVITY	

FUND BALANCE AS OF 9/30/20	

$215,264	

$11,722	

$226,986	

Notes
Reserve Fund Balance = $123,728*. Revenue Fund Balance = $95,388* Redemption Account Balance = $7,870*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $32,765.
* Approximate Amounts

Series 2010 Bond Information		
Original Par Amount =	$2,650,000	Annual Principal Payments Due:	
Interest Rate =	2.051% - 5.95%	May 1st	
Issue Date =	January 2010	Annual Interest Payments Due:	
Maturity Date =	May 2040	May 1st & November 1st	
Par Amount As Of 9/30/20 =	$1,150,000