Walnut Creek Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

PROPOSED FINAL BUDGET III	DETAILED FINAL BUDGET
DETAILED FINAL MAINTENANCE BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2010) VI	ASSESSMENT COMPARISON

FINAL BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
ADMINISTRATIVE ASSESSMENTS	178,871	
MAINTENANCE ASSESSMENTS	1,100,128	
DEBT ASSESSMENTS (2008)	0	
DEBT ASSESSMENTS (2010)	130,015	
OTHER REVENUES	0	
INTEREST INCOME	1,500	
		
TOTAL REVENUES	$	1,410,514	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	10,000	
PAYROLL TAXES (EMPLOYER)	800	
ENGINEERING	45,000	
LEGAL FEES	19,000	
AUDIT FEES	4,000	
MANAGEMENT	47,664	
POSTAGE	1,250	
OFFICE SUPPLIES/PRINTING	5,700	
INSURANCE	14,000	
LEGAL ADVERTISING	1,200	
MISCELLANEOUS	9,000	
DUES & SUBSCRIPTIONS	175	
ASSESSMENT ROLL	7,500	
TRUSTEE FEES	2,000	
CONTINUING DISCLOSURE FEE	350	
WEBSITE MANAGEMENT	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	169,639	
		
TOTAL MAINTENANCE EXPENDITURES	$	1,034,120	
		
TOTAL EXPENDITURES	$	1,203,759	
		
REVENUES LESS EXPENDITURES	$	206,755	
		
BOND PAYMENTS (2008)	-	
BOND PAYMENTS (2010)	(122,214)	
		
BALANCE	$	84,541	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(28,180)	
DISCOUNTS FOR EARLY PAYMENTS	(56,361)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

FINAL MAINTENANCE BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2022/2023
BUDGET	

MAINTENANCE EXPENDITURES		

FIELD MAINTENANCE	
5,000	

OPERATIONS MANAGEMENT	
12,000	

SECURITY SERVICES	
405,760	

SECURITY SERVICES - ABDI	
12,000	

SECURITY CAMERAS & MAINTENANCE	
8,000	

SECURITY ONLINE SOLUTIONS	
12,800	

TELEPHONE	
11,000	

ELECTRIC	
82,500	

WATER & SEWAGE	
17,000	

GUARDHOUSE - VISITOR PASSES	
6,700	

GATE SYSTEM MAINTENANCE	
30,000	

GUARDHOUSE INT/EXT MAINTENANCE	
22,500	

LAKE & PRESERVE MAINTENANCE	
45,000	

SIGNAGE	
2,000	

STREETLIGHT MAINTENANCE	
5,000	

WATERFALL MAINTENANCE	
75,000	

HOLIDAY LIGHTING	
10,000	

LAKE RESTORATION & MAINTENANCE	
0	

OPERATING RESERVE/CONTINGENCY	
26,060	

MISCELLANEOUS MAINTENANCE	
10,000	

STORMWATER MAINTENANCE & PIPE REPLACEMENT RESERVE/CONTINGENCY	
74,800	

PRESSURE CLEANING & PAINTING OF EXTERIOR STRUCTURES & GATES	
14,000	

HEADWALL STABILIZATION PROJECT	
10,000	

LAKE SLOPE SOIL MAINTENANCE	
10,000	

IGUANA CONTROL	
27,000	

TAFT STREET STRUCTURAL MAINTENANCE	
20,000	

S-8 CANAL RECONSTRUCTION - ENGINEERING DESIGN & CONSTRUCTION	
80,000	

TOTAL MAINTENANCE EXPENDITURES	
$	1,034,120	

DETAILED FINAL BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	

FISCAL YEAR 2020/2021
ACTUAL	

FISCAL YEAR 2021/2022
BUDGET	

FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	168,608	162,648	178,871	Expenditures Less Interest/.94	
MAINTENANCE ASSESSMENTS	914,743	1,116,372	1,100,128	Expenditures Less Carryover/.94	
DEBT ASSESSMENTS (2008)	341,281	0	0	Bond Maturity Date: May 1, 2021	
DEBT ASSESSMENTS (2010)	129,914	130,015	130,015	Bond Payments/.94	
OTHER REVENUES	60,229	0	0		
INTEREST INCOME	2,971	1,500	1,500	Projected At $125 Per Month	
					
TOTAL REVENUES	$	1,617,746	$	1,410,535	$	1,410,514		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	6,200	6,000	10,000	$4,000 Increase From 2021/2022 Budget	
PAYROLL TAXES (EMPLOYER)	474	480	800	Projected At 8% Of Supervisor Fees	
ENGINEERING	37,503	35,000	45,000	$10,000 Increase From 2021/2022 Budget	
LEGAL FEES	12,918	19,000	19,000	FY 21/22 Expenditure Through December 2021 Was $3,400	
AUDIT FEES	3,700	3,800	4,000	Accepted Amount For 2021/2022 Audit	
MANAGEMENT	45,648	46,284	47,664	CPI Adjustment (Capped At 3%)	
POSTAGE	835	1,250	1,250	No Change From 2021/2022 Budget	
OFFICE SUPPLIES/PRINTING	2,912	5,750	5,700	$50 Decrease From 2021/2022 Budget	
INSURANCE	12,991	14,000	14,000	Insurance Estimate	
LEGAL ADVERTISING	689	1,300	1,200	$100 Decrease From 2021/2022 Budget	
MISCELLANEOUS	5,754	9,000	9,000	No Change From 2021/2022 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2021/2022 Budget	
ASSESSMENT ROLL	7,500	7,500	7,500	As Per Contract	
TRUSTEE FEES	1,420	2,500	2,000	Decreased Due To Maturity Of 2021 Bond	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2021/2022 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2021/2022 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	141,069	$	154,389	$	169,639		
					
TOTAL MAINTENANCE EXPENDITURES	$	676,162	$	1,049,390	$	1,034,120		
					
TOTAL EXPENDITURES	$	817,231	$	1,203,779	$	1,203,759		
					
REVENUES LESS EXPENDITURES	$	800,515	$	206,756	$	206,755		
					
BOND PAYMENTS (2008)	(295,209)	-	-	Bond Maturity Date: May 1, 2021	
BOND PAYMENTS (2010)	(122,593)	(122,214)	(122,214)	Yearly Maximum Debt Assessment	
					
BALANCE	$	382,713	$	84,542	$	84,541		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(29,938)	(28,181)	(28,180)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(57,634)	(56,361)	(56,361)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	295,141	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0		
					
NET EXCESS/ (SHORTFALL)	$	295,141	$	-	$	-		

DETAILED FINAL MAINTENANCE BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2020/2021
ACTUAL	

FISCAL YEAR 2021/2022
BUDGET	

FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	

MAINTENANCE EXPENDITURES					

FIELD MAINTENANCE	
5,000	
5,000	
5,000	
No Change From 2021/2022 Budget	

OPERATIONS MANAGEMENT	
12,000	
12,000	
12,000	
No Change From 2021/2022 Budget	

SECURITY SERVICES	
286,340	
317,000	
405,760	
28% Increase From 2021/2022 Budget	

SECURITY SERVICES - ABDI	
0	
12,000	
12,000	
ABDI Fees	

SECURITY CAMERAS & MAINTENANCE	
0	
5,000	
8,000	
$3,000 Increase From 2021/2022 Budget	

SECURITY ONLINE SOLUTIONS	
0	
0	
12,800	
Security Online Solutions	

TELEPHONE	
10,423	
10,500	
11,000	
$500 Increase From 2021/2022 Budget	

ELECTRIC	
77,106	
80,000	
82,500	
$2,500 Increase From 2021/2022 Budget	

WATER & SEWAGE	
9,375	
17,000	
17,000	
No Change From 2021/2022 Budget	

GUARDHOUSE - VISITOR PASSES	
1,728	
6,700	
6,700	
No Change From 2021/2022 Budget	

GATE SYSTEM MAINTENANCE	
11,834	
26,000	
30,000	
$4,000 Increase From 2021/2022 Budget	

GUARDHOUSE INT/EXT MAINTENANCE	
25,895	
12,500	
22,500	
$10,000 Increase From 2021/2022 Budget	

LAKE & PRESERVE MAINTENANCE	
35,256	
41,000	
45,000	
$4,000 Increase From 2021/2022 Budget	

SIGNAGE	
998	
2,000	
2,000	
No Change From 2021/2022 Budget	

STREETLIGHT MAINTENANCE	
139	
5,000	
5,000	
No Change From 2021/2022 Budget	

WATERFALL MAINTENANCE	
54,918	
60,000	
75,000	
$15,000 Increase From 2021/2022 Budget	

HOLIDAY LIGHTING	
6,582	
6,600	
10,000	
$3,400 Increase From 2021/2022 Budget	

LAKE RESTORATION & MAINTENANCE	
71,352	
5,000	
0	
Final Payment For Project Was In October 2021	

OPERATING RESERVE/CONTINGENCY	
8,199	
0	
26,060	
Operating Reserve/Contingency	

MISCELLANEOUS MAINTENANCE	
0	
5,000	
10,000	
$5,000 Increase From 2021/2022 Budget	
STORMWATER MAINTENANCE & PIPE REPLACEMENT RESERVE/CONTINGENCY	
33,238	
74,800	
74,800	
Third Year Of Five Year Reserve - Total Project Is $373,500	

PRESSURE CLEANING & PAINTING OF EXTERIOR STRUCTURES & GATES	
0	
14,000	
14,000	
No Change From 2021/2022 Budget	

HEADWALL STABILIZATION PROJECT	
0	
10,000	
10,000	
No Change From 2021/2022 Budget	

LAKE SLOPE SOIL MAINTENANCE	
0	
10,000	
10,000	
No Change From 2021/2022 Budget	

IGUANA CONTROL	
25,779	
27,000	
27,000	
Iguana Control	

TAFT STREET STRUCTURAL MAINTENANCE	
0	
0	
20,000	
Taft Street Structural Maintenance	

S-8 CANAL RECONSTRUCTION - ENGINEERING DESIGN & CONSTRUCTION	
0	
285,290	
80,000	
Funds From Prior Year Budgets Being Held In Reserve	

TOTAL MAINTENANCE EXPENDITURES	
$	676,162	
$	1,049,390	
$	1,034,120		

DETAILED FINAL DEBT SERVICE FUND (SERIES 2010) BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	

FISCAL YEAR

2020/2021

ACTUAL	

FISCAL YEAR

2021/2022

BUDGET	

FISCAL YEAR

2022/2023

BUDGET	

COMMENTS	

Interest Income	
60	
25	
25	
Projected Interest For 2022/2023	

NAV Tax Collection	
122,593	
122,214	
122,214	
Yearly Maximum Debt Assessment	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	122,653	
$	122,239	
$	122,239		

EXPENDITURES					

Principal Payments	
45,000	
50,000	
50,000	
Principal Payment Due In 2023	

Additional Principal Payments	
10,000	
10,256	
12,819	
Additional Principal Payments	

Interest Payments	
65,381	
61,983	
59,420	
Interest Payments Due In 2023	

Total Expenditures	
$	120,381	
$	122,239	
$	122,239		

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

Series 2010 Bond Information

Original Par Amount =	$2,650,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.05 - 5.95%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	January 2010			
Maturity Date =

Par Amount As Of 1/1/22 =	May 2040

$1,095,000			

Walnut Creek Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2019/2020	2020/2021	2021/2022	2022/2023
	Assessment*	 	Assessment*	 	Assessment*	  Projected Assessment* 

Administrative	$	186.01	$	187.10	$	181.73	$	199.86	
Maintenance	$	981.65	$	1,022.90	$	1,247.35	$	1,229.20	
2008 Debt	$	427.00	$	383.79	$	-	$	-	
2010 Debt	$	145.92	$	145.92	$	145.92	$	145.92	
Total	$	1,740.58	$	1,739.71	$	1,575.00	$	1,574.98	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:		 Total Units	895
2008 Debt Service Information	

Total Units	895	
Prepayments	5	
Billed For 2008 Debt	890	

2010 Debt Service Information	

Total Units	895	
Prepayments	4	
Billed For 2010 Debt	891