Walnut Creek Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

PROPOSED MAINTENANCE BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED MAINTENANCE BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2010)

ASSESSMENT COMPARISON

DETAILED PROPOSED BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
ADMINISTRATIVE ASSESSMENTS	183,984	
MAINTENANCE ASSESSMENTS	1,809,681	
DEBT ASSESSMENTS (2010)	129,869	
OTHER REVENUES	0	
INTEREST INCOME (OPERATING)	2,400	
INTEREST INCOME (IMPROVEMENTS FUND)	1,800	
TOTAL REVENUES	$	2,127,734	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	10,000	
PAYROLL TAXES (EMPLOYER)	800	
ENGINEERING	35,000	
LEGAL FEES	22,000	
AUDIT FEES	4,300	
MANAGEMENT	52,020	
POSTAGE	1,350	
OFFICE SUPPLIES/PRINTING	5,100	
INSURANCE	24,000	
LEGAL ADVERTISING	2,400	
MISCELLANEOUS	8,650	
DUES & SUBSCRIPTIONS	175	
ASSESSMENT ROLL	7,500	
TRUSTEE FEES	1,500	
CONTINUING DISCLOSURE FEE	350	
WEBSITE MANAGEMENT	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	177,145	
		
TOTAL MAINTENANCE EXPENDITURES	$	1,701,100	
		
TOTAL EXPENDITURES	$	1,878,245	
		
REVENUES LESS EXPENDITURES	$	249,489	
		
BOND PAYMENTS (2010)	(122,077)	
		
BALANCE	$	127,412	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(42,471)	
DISCOUNTS FOR EARLY PAYMENTS	(84,941)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

PROPOSED MAINTENANCE BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2025/2026
BUDGET	

FIELD MAINTENANCE	
5,000	

OPERATIONS MANAGEMENT	
12,000	

SECURITY & ROVER SERVICES	
360,000	

SECURITY ADMINISTRATION SERVICES	
30,100	

SECURITY VIDEO SURVEILLANCE & VIRTUAL GUARD SERVICES	
35,000	

SECURITY CAMERAS & MAINTENANCE	
12,000	

SECURITY ONLINE SOLUTIONS	
12,000	

SECURITY GATE SYSTEMS MAINTENANCE & REPAIRS	
55,000	

TELEPHONE	
12,500	

ELECTRIC	
95,000	

WATER & SEWAGE	
16,000	

GUARDHOUSE INT/EXT MAINTENANCE	
30,000	

LAKE & PRESERVE MAINTENANCE	
48,000	

SIGNAGE	
2,000	

STREETLIGHT MAINTENANCE	
5,000	

WATERFALL MAINTENANCE	
100,000	

HOLIDAY LIGHTING	
11,000	

OPERATING RESERVE/CONTINGENCY	
24,000	

MISCELLANEOUS MAINTENANCE	
15,000	

STORMWATER MAINTENANCE & PIPE REPLACEMENT RESERVE/CONTINGENCY	
100,000	

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

HEADWALL STABILIZATION PROJECT	
50,000	

LAKE SLOPE SOIL MAINTENANCE	
10,000	

IGUANA CONTROL	
27,000	

STORMWATER DRAINAGE PIPE CLEANING & CCTV PROJECT	
0	

MONUMENT MAINTENANCE	
5,500	

LAKE FOUNTAIN MAINTENANCE/RESERVE	
15,000	

S-8 CANAL RECONSTRUCTION - ENGINEERING DESIGN & CONSTRUCTION	
0	

LAKE SHORELINE RESTORATION MAINTENANCE	
0	

LANDSCAPING REPLACEMENT	
50,000	

LANDSCAPING	
550,000	

TOTAL MAINTENANCE EXPENDITURES	
$	1,701,100	

DETAILED PROPOSED BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR 2023/2024
ACTUAL	

FISCAL YEAR 2024/2025
BUDGET	

FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	186,815	191,895	183,984	Expenditures Less Interest/.94	
MAINTENANCE ASSESSMENTS	1,405,958	1,268,723	1,809,681	Expenditures Less Carryover/.94	
DEBT ASSESSMENTS (2010)	129,870	129,869	129,869	Bond Payments/.94	
OTHER REVENUES	20,760	0	0		
INTEREST INCOME (OPERATING)	77,794	1,800	2,400	Projected At $200 Per Month	
INTEREST INCOME (IMPROVEMENTS FUND)	41,242	0	1,800	Projected At $150 Per Month	
TOTAL REVENUES	$	1,862,439	$	1,592,287	$	2,127,734		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	5,800	10,000	10,000	No Change From 2024/2025 Budget	
PAYROLL TAXES (EMPLOYER)	444	800	800	Projected At 8% Of Supervisor Fees	
ENGINEERING	19,632	40,000	35,000	FY 24/25 Expenditure Through January 2025 Was $5,800	
LEGAL FEES	20,857	23,000	22,000	FY 24/25 Expenditure Through January 2025 Was $5,833	
AUDIT FEES	4,100	4,200	4,300	Accepted Amount For 2024/2025 Audit	
MANAGEMENT	49,092	50,556	52,020	CPI Adjustment	
POSTAGE	1,115	1,450	1,350	$100 Decrease From 2024/2025 Budget	
OFFICE SUPPLIES/PRINTING	1,532	5,300	5,100	$200 Decrease From 2024/2025 Budget	
INSURANCE	21,056	24,000	24,000	FY 24/25 Expenditure Was $21,894	
LEGAL ADVERTISING	1,058	2,500	2,400	$100 Decrease From 2024/2025 Budget	
MISCELLANEOUS	4,639	8,750	8,650	$100 Decrease From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
ASSESSMENT ROLL	7,500	7,500	7,500	As Per Contract	
TRUSTEE FEES	1,420	1,600	1,500	$100 Decrease From 2024/2025 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	140,770	$	182,181	$	177,145		
					
TOTAL MAINTENANCE EXPENDITURES	$	786,702	$	1,301,600	$	1,701,100		
					
TOTAL EXPENDITURES	$	927,472	$	1,483,781	$	1,878,245		
					
REVENUES LESS EXPENDITURES	$	934,967	$	108,506	$	249,489		
					
BOND PAYMENTS (2010)	(122,582)	(122,077)	(122,077)	Yearly Maximum Debt Assessment	
					
BALANCE	$	812,385	$	(13,571)	$	127,412		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(33,127)	(31,810)	(42,471)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(63,319)	(63,619)	(84,941)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	715,939	$	(109,000)	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	109,000	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	715,939	$	-	$	-		

DETAILED PROPOSED MAINTENANCE BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

MAINTENANCE EXPENDITURES	

FISCAL YEAR 2023/2024 ACTUAL	

FISCAL YEAR 2024/2025 BUDGET	

FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

FIELD MAINTENANCE	
5,000	
5,000	
5,000	
No Change From 2024/2025 Budget - HOA Services	

OPERATIONS MANAGEMENT	
12,000	
12,000	
12,000	
No Change From 2024/2025 Budget	

SECURITY & ROVER SERVICES	
277,285	
370,000	
360,000	
FY 24/25 Expenditure Through January 2025 Was $85,202	

SECURITY ADMINISTRATION SERVICES	
3,300	
35,100	
30,100	
$5,000 Decrease From 2024/2025 Budget	

SECURITY VIDEO SURVEILLANCE & VIRTUAL GUARD SERVICES	
30,648	
35,000	
35,000	
No Change From 2024/2025 Budget	

SECURITY CAMERAS & MAINTENANCE	
0	
12,000	
12,000	
No Change From 2024/2025 Budget	

SECURITY ONLINE SOLUTIONS	
0	
12,000	
12,000	
No Change From 2024/2025 Budget	

SECURITY GATE SYSTEMS MAINTENANCE & REPAIRS	
68,825	
50,000	
55,000	
$5,000 Increase From 2024/2025 Budget	

TELEPHONE	
11,799	
12,500	
12,500	
No Change From 2024/2025 Budget	

ELECTRIC	
97,272	
85,000	
95,000	
$10,000 Increase From 2024/2025 Budget	

WATER & SEWAGE	
11,826	
16,000	
16,000	
No Change From 2024/2025 Budget	

GUARDHOUSE INT/EXT MAINTENANCE	
26,067	
30,000	
30,000	
No Change From 2024/2025 Budget	

LAKE & PRESERVE MAINTENANCE	
36,985	
48,000	
48,000	
No Change From 2024/2025 Budget	

SIGNAGE	
92	
2,000	
2,000	
No Change From 2024/2025 Budget	

STREETLIGHT MAINTENANCE	
0	
5,000	
5,000	
No Change From 2024/2025 Budget	

WATERFALL MAINTENANCE	
70,228	
80,000	
100,000	
$20,000 Increase From 2024/2025 Budget	

HOLIDAY LIGHTING	
9,990	
11,000	
11,000	
No Change From 2024/2025 Budget	

OPERATING RESERVE/CONTINGENCY	
26,900	
24,000	
24,000	
No Change From 2024/2025 Budget	

MISCELLANEOUS MAINTENANCE	
27,837	
10,000	
15,000	
$5,000 Increase From 2024/2025 Budget	
STORMWATER MAINTENANCE & PIPE REPLACEMENT RESERVE/CONTINGENCY	
0	
100,000	
100,000	
Fifth Year Of Five Year Reserve	

PRESSURE CLEANING & PAINTING OF EXTERIOR STRUCTURES & GATES	
0	
14,000	
14,000	
No Change From 2024/2025 Budget	

HEADWALL STABILIZATION PROJECT	
0	
50,000	
50,000	
Current Reserve = $150,000	

LAKE SLOPE SOIL MAINTENANCE	
0	
10,000	
10,000	
No Change From 2024/2025 Budget	

IGUANA CONTROL	
0	
27,000	
27,000	
FY 24/25 Expenditure Through February 2025 Was $11,208	

STORMWATER DRAINAGE PIPE CLEANING & CCTV PROJECT	
70,648	
0	
0	
Line Item Eliminated	

MONUMENT MAINTENANCE	
0	
6,000	
5,500	
HOA Monument Maintenance	

LAKE FOUNTAIN MAINTENANCE/RESERVE	
0	
0	
15,000	
Light Upgrade & Regular Maintenance	

S-8 CANAL RECONSTRUCTION - ENGINEERING DESIGN & CONSTRUCTION	
0	
240,000	
0	
Current Reserve = $780,000	

LAKE SHORELINE RESTORATION MAINTENANCE	
0	
0	
0		

LANDSCAPING REPLACEMENT	
0	
0	
50,000	
Landscaping Replacement	

LANDSCAPING	
0	
0	
550,000	
Landscaping	

TOTAL MAINTENANCE EXPENDITURES	
$	786,702	
$	1,301,600	
$	1,701,100		

DETAILED PROPOSED DEBT SERVICE FUND (SERIES 2010) BUDGET
WALNUT CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	

FISCAL YEAR

2023/2024

ACTUAL	

FISCAL YEAR

2024/2025

BUDGET	

FISCAL YEAR

2025/2026

BUDGET	

COMMENTS	

Interest Income	
13,937	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
122,582	
122,077	
122,077	
Yearly Maximum Debt Assessment	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$	136,519	
$	122,577	
$	123,077		

EXPENDITURES					

Principal Payments	
55,000	
60,000	
70,000	
Principal Payment Due In 2026	

Additional Principal Payments	
0	
9,814	
4,502	
Additional Principal Payments	

Interest Payments	
57,240	
52,763	
48,575	
Interest Payments Due In 2026	

Total Expenditures	
$	112,240	
$	122,577	
$	123,077		

Excess/ (Shortfall)	
$	24,279	
$	-	
$	-		

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 1/1/25 =	May 2040

$925,000			

Walnut Creek Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
2022/2023	2023/2024	2024/2025	2025/2026
	Assessment*	  Assessment*	  Assessment*	  Projected Assessment* 

Administrative	$	199.86	$	204.00	$	214.41	$	205.57	
Maintenance	$	1,229.20	$	1,570.91	$	1,417.57	$	2,022.00	
2010 Debt	$	145.92	 $	145.92	 $	145.92	$	145.92	
Total	$	1,574.98	$	1,920.83	$	1,777.90	$	2,373.49	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	895
 2010 Debt Service Information	

Total Units	895	
Prepayments	5	
Billed For 2010 Debt	890