Vista
Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021 BUDGET	
O & M Assessments	51,840	
Debt Assessments	370,222	
Other Revenues	0	
Interest Income	240	
		
TOTAL REVENUES	$	422,302	
		
EXPENDITURES		
Engineering/Inspections	2,000	
Management	20,220	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,500	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	1,300	
Miscellaneous	700	
Postage	250	
Office Supplies	400	
Dues & Subscriptions	175	
Trustee Fee	4,025	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
TOTAL EXPENDITURES	$	56,220	
		
REVENUES LESS EXPENDITURES	$	366,082	
		
Bond Payments	(348,009)	
		
BALANCE	$	18,073	
		
County Appraiser & Tax Collector Fee	(8,441)	
Discounts For Early Payments	(16,882)	
		
EXCESS/ (SHORTFALL)	$	(7,250)	
		
Carryover Balance From Prior Year	7,250	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019 ACTUAL	
FISCAL YEAR 2019/2020 BUDGET	
FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	
O & M Assessments	52,647	54,485	51,840	Expenditures Less Interest & Carryover/.94	
Debt Assessments	370,028	367,590	370,222	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	207	240	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	422,882	$	422,315	$	422,302		
					
EXPENDITURES					
Engineering/Inspections	1,200	2,500	2,000	$500 Decrease From 2019/2020 Budget	
Management	19,416	19,776	20,220	CPI Adjustment	
Legal	7,200	8,000	8,000	No Change From 2019/2020 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,300	3,400	3,500	$100 Increase From 2019/2020 Budget	
Arbitrage Rebate Fee	650	650	650	No Change From 2019/2020 Budget	
Insurance	5,000	6,355	6,000	Insurance Estimate	
Legal Advertisements	967	1,300	1,300	No Change From 2019/2020 Budget	
Miscellaneous	70	700	700	No Change From 2019/2020 Budget	
Postage	107	250	250	No Change From 2019/2020 Budget	
Office Supplies	250	425	400	$25 Decrease From 2019/2020 Budget	
Dues & Subscriptions	175	175	175	No Change From 2019/2020 Budget	
Trustee Fee	4,023	4,025	4,025	No Change From 2019/2020 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2019/2020 Budget	
Website Management	1,500	2,000	2,000	No Change From 2019/2020 Budget	
TOTAL EXPENDITURES	$	50,858	$	56,556	$	56,220		
					
REVENUES LESS EXPENDITURES	$	372,024	$	365,759	$	366,082		
					
Bond Payments	(359,599)	(345,535)	(348,009)	2021 P & I Payments Less Earned Interest	
					
BALANCE	$	12,425	$	20,224	$	18,073		
					
County Appraiser & Tax Collector Fee	(5,014)	(8,441)	(8,441)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(7,815)	(16,883)	(16,882)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(404)	$	(5,100)	$	(7,250)		
					
Carryover Balance From Prior Year	0	5,100	7,250	Carryover Balance From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(404)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019 ACTUAL	FISCAL YEAR 2019/2020 BUDGET	FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	

Interest Income	
7,522	
300	
300	
Projected Interest For 2020/2021	

NAV Tax Collection	
359,599	
345,535	
348,009	
2021 P & I Payments Less Earned Interest	

Total Revenues	
$	367,121	
$	345,835	
$	348,309		

EXPENDITURES					

Principal Payments	
130,000	
135,000	
145,000	
Principal Payment Due In 2021	

Interest Payments	
221,450	
210,835	
203,309	
Interest Payments Due In 2021	

Transfer To Construction Fund	
22,219	
0	
0		

Total Expenditures	
$	373,669	
$	345,835	
$	348,309		

Excess/ (Shortfall)	
$	(6,548)	
$	-	
$	-		

Series 2006 Bond Information

Original Par Amount =	$5,170,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	5.375%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	November 2006			
Maturity Date =

Par Amount As Of 1/1/20 =	May 2037

$3,990,000			

Vista Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2017/2018	2018/2019	2019/2020	2020/2021	
    Assessment* 	    Assessment* 	    Assessment* 	    Assessment* 	  Projected Assessment*	

O & M

$	138.85	$

112.12	$

105.27

$	109.41	$

104.10

Debt

$	745.18

$	736.25

$	742.67

$	738.14

$	743.42

Total

$	884.03	$

848.37	$

847.94

$	847.55	$

847.52

* Assessments Include the Following :	            4% Discount for Early Payments
1% County Tax Collector Fee

1% County Property Appraiser Fee

Community Information:
Total Units	498