Walnut Creek Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

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 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
ADMINISTRATIVE ASSESSMENTS	167,450	168,606	168,606	
MAINTENANCE ASSESSMENTS	915,489	914,743	914,743	
DEBT ASSESSMENTS (2008)	341,564	341,281	341,281	
DEBT ASSESSMENTS (2010)	130,015	129,914	129,914	
OTHER REVENUES	0	60,229	60,229	
INTEREST INCOME	1,500	2,971	2,971	
TOTAL REVENUES	$	1,556,018	$	1,617,744	$	1,617,744	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	6,000	6,200	6,200	
PAYROLL TAXES (EMPLOYER)	480	474	474	
ENGINEERING	35,000	36,298	36,298	
LEGAL FEES	19,000	12,918	12,918	
AUDIT FEES	3,700	3,700	3,700	
MANAGEMENT	45,648	45,648	45,648	
POSTAGE	1,300	845	835	
OFFICE SUPPLIES/PRINTING	5,800	3,300	2,912	
INSURANCE	14,000	12,991	12,991	
LEGAL ADVERTISING	1,200	1,200	690	
MISCELLANEOUS	9,000	7,000	5,754	
DUES & SUBSCRIPTIONS	175	175	175	
ASSESSMENT ROLL	7,500	7,500	7,500	
TRUSTEE FEES	6,250	1,420	1,420	
CONTINUING DISCLOSURE FEE	350	350	350	
WEBSITE MANAGEMENT	2,000	2,000	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	157,403	$	142,019	$	139,865	
				
MAINTENANCE EXPENDITURES				
FIELD MAINTENANCE	5,000	5,000	5,000	
OPERATIONS MANAGEMENT	12,000	12,000	12,000	
SECURITY SERVICES	317,000	292,000	286,340	
TELEPHONE	10,500	10,269	10,269	
ELECTRIC	80,000	77,106	77,106	
WATER & SEWAGE	15,000	9,366	9,366	
GUARD HOUSE - VISITOR PASSES	7,200	1,728	1,728	
GATE SYSTEM MAINTENANCE	26,000	13,000	11,834	
GUARD HOUSE INT/EXT MAINTENANCE	12,500	27,000	25,895	
LAKE & PRESERVE MAINTENANCE	40,000	38,000	35,256	
SIGNAGE	2,000	1,500	998	
STREETLIGHT MAINTENANCE	5,000	500	139	
WATERFALL MAINTENANCE	55,000	57,000	54,918	
HOLIDAY LIGHTING	6,600	6,582	6,582	
LAKE RESTORATION & MAINTENANCE	72,000	71,352	71,352	
OPERATING MAINTENANCE RESERVE/CONTINGENCY	56,460	25,000	8,199	
IGUANA REMOVAL SERVICES	0	25,779	25,779	
STORMWATER MGT & PIPE REPLACEMENT RESERVE/CONTINGENCY	74,800	35,000	29,738	
PRESSURE CLEANING & PAINTING OF EXTERIOR STRUCTURES	15,000	2,500	0	
HEADWALL STABILIZATION PROJECT	40,000	40,000	0	
LAKE SLOPE SOIL MAINTENANCE	10,000	10,000	0	
S-8 CANAL RECONSTRUCTION - ENGINEERING DESIGN & CONSTRUCTION	180,000	180,000	0	
TOTAL MAINTENANCE EXPENDITURES	$	1,042,060	$	940,682	$	672,499	
				
TOTAL EXPENDITURES	$	1,199,463	$	1,082,701	$	812,364	
				
REVENUES LESS EXPENDITURES	$	356,555	$	535,043	$	805,380	
				
PAYMENT TO TRUSTEE (2008)	(321,070)	(295,210)	(295,210)	
PAYMENT TO TRUSTEE (2010)	(122,214)	(122,593)	(122,593)	
				
BALANCE	$	(86,729)	$	117,240	$	387,577	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(31,090)	(29,936)	(29,936)	
DISCOUNTS FOR EARLY PAYMENTS	(62,181)	(57,634)	(57,634)	
				
EXCESS/ (SHORTFALL)	$	(180,000)	$	29,670	$	300,007	
				
CARRY FORWARD SURPLUS	180,000	180,000	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	209,670	$	300,007	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
GROSS FUND BALANCE AS OF 9/30/21	
LESS IMPROVEMENTS/EMERGENCY FUND BALANCE AS OF 9/30/21	
PROJECTED OPERATING FUND BALANCE AS OF 9/30/21	

$1,108,393	
$29,670	
$1,138,063	
$709,563	
$428,500	

Notes
Carryover From Prior Year Of $180,000 was used to reduce Fiscal Year 2020/2021 Assessments.

I

AMENDED FINAL BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2008)
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	50	10	10	
NAV Tax Collection	321,070	295,210	295,210	
Reserve Fund Credit	36,158	0	0	
Total Revenues	$	357,278	$	295,220	$	295,220	
				
EXPENDITURES				
Principal Payments	345,000	345,000	345,000	
Additional Principal Payments	3,601	0	0	
Interest Payments	8,677	17,354	17,354	
Close-Out Of Series 2008 Funds	0	56,000	56,000	
Total Expenditures	$	357,278	$	418,354	$	418,354	
				
Excess/ (Shortfall)	$	-	$	(123,134)	$	(123,134)	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$123,134	
($123,134)	
$0	

Note
Series 2008 Bond Paid Off In May 2021

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 9/30/21 =	May 2021

$0	May 1st & November 1st	

II

AMENDED FINAL BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2010)
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	
AMENDED FINAL BUDGET
10/1/20 - 9/30/21	
YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	

Interest Income	
50	
60	
60	

NAV Tax Collection	
122,214	
122,593	
122,593	

Prepaid Bond Collection	
0	
0	
0	

Total Revenues	
$	122,264	
$	122,653	
$	122,653	

EXPENDITURES				

Principal Payments	
45,000	
45,000	
45,000	

Additional Principal Payments	
12,870	
10,000	
10,000	

Interest Payments	
64,394	
65,381	
65,381	

Total Expenditures	
$	122,264	
$	120,381	
$	120,381	

Excess/ (Shortfall)	
$	-	
$	2,272	
$	2,272	

FUND BALANCE AS OF 9/30/20	

FY 2020/2021 ACTIVITY	

FUND BALANCE AS OF 9/30/21	

$226,986	

$2,272	

$229,258	

Notes
Reserve Fund Balance = $123,728*. Revenue Fund Balance = $105,512* Redemption Account Balance = $18*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $31,629.
* 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 9/30/21 =	$1,095,000