Vista
Community Development District

Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2018/2019 BUDGET	
O & M Assessments	52,427	
Debt Assessments	369,846	
Other Revenues	0	
Interest Income	240	
		
TOTAL REVENUES	$	422,513	
		
EXPENDITURES		
Engineering/Inspections	2,500	
Management	19,416	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,300	
Arbitrage Rebate Fee	650	
Insurance	6,355	
Legal Advertisements	1,400	
Miscellaneous	800	
Postage	250	
Office Supplies	425	
Dues & Subscriptions	175	
Trustee Fee	3,750	
Continuing Disclosure Fee	1,000	
Website Management	1,500	
TOTAL EXPENDITURES	$	55,521	
		
REVENUES LESS EXPENDITURES	$	366,992	
		
Bond Payments	(347,656)	
		
BALANCE	$	19,336	
		
County Appraiser & Tax Collector Fee	(8,445)	
Discounts For Early Payments	(16,891)	
		
EXCESS/ (SHORTFALL)	$	(6,000)	
		
Carryover Balance From Prior Year	6,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2016/2017 ACTUAL	
FISCAL YEAR 2017/2018 BUDGET	
FISCAL YEAR 2018/2019 BUDGET	

COMMENTS	
O & M Assessments	54,576	55,835	52,427	Expenditures Less Interest & Carryover/.94	
Debt Assessments	368,824	366,649	369,846	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	183	240	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	423,583	$	422,724	$	422,513		
					
EXPENDITURES					
Engineering/Inspections	1,360	2,500	2,500	No Change From 2017/2018 Budget	
Management	18,636	19,020	19,416	CPI Adjustment	
Legal	9,527	7,500	8,000	$500 Increase From 2017/2018 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,100	3,200	3,300	$100 Increase From 2017/2018 Budget	
Arbitrage Rebate Fee	650	650	650	No Change From 2017/2018 Budget	
Insurance	5,778	6,355	6,355	Insurance Estimate	
Legal Advertisements	753	1,500	1,400	$100 Decrease From 2017/2018 Budget	
Miscellaneous	94	900	800	$100 Decrease From 2017/2018 Budget	
Postage	99	250	250	No Change From 2017/2018 Budget	
Office Supplies	259	425	425	No Change From 2017/2018 Budget	
Dues & Subscriptions	175	175	175	No Change From 2017/2018 Budget	
Trustee Fee	3,657	3,750	3,750	No Change From 2017/2018 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2017/2018 Budget	
Website Management	1,500	1,500	1,500	No Change From 2017/2018 Budget	
TOTAL EXPENDITURES	$	52,588	$	54,725	$	55,521		
					
REVENUES LESS EXPENDITURES	$	370,995	$	367,999	$	366,992		
					
Bond Payments	(349,735)	(344,650)	(347,656)	2019 P & I Payments Less Earned Interest	
					
BALANCE	$	21,260	$	23,349	$	19,336		
					
County Appraiser & Tax Collector Fee	(2,451)	(8,449)	(8,445)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(15,371)	(16,900)	(16,891)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	3,438	$	(2,000)	$	(6,000)		
					
Carryover Balance From Prior Year	0	2,000	6,000	Carryover Balance From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	3,438	$	-	$	-		

DETAILED FINAL DEBT SERVICE BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2016/2017 ACTUAL	FISCAL YEAR 2017/2018 BUDGET	FISCAL YEAR 2018/2019 BUDGET	

COMMENTS	

Interest Income	
1,295	
25	
300	
Projected Interest For 2018/2019	

NAV Tax Collection	
349,735	
344,650	
347,656	
2019 P & I Payments Less Earned Interest	

Total Revenues	
$	351,030	
$	344,675	
$	347,956		

EXPENDITURES					

Principal Payments	
115,000	
120,000	
130,000	
Principal Payment Due In 2019	

Interest Payments	
234,081	
224,675	
217,956	
Interest Payments Due In 2019	

Transfer To Construction Fund	
8,023	
0	
0		

Total Expenditures	
$	357,104	
$	344,675	
$	347,956		

Excess/ (Shortfall)	
$	(6,074)	
$	-	
$	-		

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 1/1/18 =	May 2037

$4,240,000			

Vista Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2015/2016	2016/2017	2017/2018	2018/2019	
    Assessment* 	    Assessment* 	    Assessment* 	    Assessment* 	  Projected Assessment*	

O & M

$	138.85	$

107.45	$

109.42	$

112.12	$

105.27

Debt

$	745.18

$	741.81

$	739.63

$	736.25

$	742.67

Total

$	884.03	$

849.26	$

849.05	$

848.37	$

847.94

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

1% County Property Appraiser Fee

Community Information:
Total Units	498