Vista
Community Development District

Proposed Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020 BUDGET	
O & M Assessments	54,485	
Debt Assessments	367,590	
Other Revenues	0	
Interest Income	240	
		
TOTAL REVENUES	$	422,315	
		
EXPENDITURES		
Engineering/Inspections	2,500	
Management	19,776	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,400	
Arbitrage Rebate Fee	650	
Insurance	6,355	
Legal Advertisements	1,300	
Miscellaneous	700	
Postage	250	
Office Supplies	425	
Dues & Subscriptions	175	
Trustee Fee	4,025	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
TOTAL EXPENDITURES	$	56,556	
		
REVENUES LESS EXPENDITURES	$	365,759	
		
Bond Payments	(345,535)	
		
BALANCE	$	20,224	
		
County Appraiser & Tax Collector Fee	(8,441)	
Discounts For Early Payments	(16,883)	
		
EXCESS/ (SHORTFALL)	$	(5,100)	
		
Carryover Balance From Prior Year	5,100	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 BUDGET	
FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	
O & M Assessments	55,947	52,427	54,485	Expenditures Less Interest & Carryover/.94	
Debt Assessments	367,161	369,846	367,590	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	233	240	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	423,341	$	422,513	$	422,315		
					
EXPENDITURES					
Engineering/Inspections	1,000	2,500	2,500	No Change From 2017/2018 Budget	
Management	19,020	19,416	19,776	CPI Adjustment	
Legal	7,875	8,000	8,000	No Change From 2018/2019 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,200	3,300	3,400	Accepted Amount For 2018/2019 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2018/2019 Budget	
Insurance	5,778	6,355	6,355	Insurance Estimate	
Legal Advertisements	1,170	1,400	1,300	$100 Decrease From 2018/2019 Budget	
Miscellaneous	89	800	700	$100 Decrease From 2018/2019 Budget	
Postage	95	250	250	No Change From 2018/2019 Budget	
Office Supplies	227	425	425	No Change From 2018/2019 Budget	
Dues & Subscriptions	175	175	175	No Change From 2018/2019 Budget	
Trustee Fee	3,657	3,750	4,025	Fiscal Year 2018/2019 Expenditure Was $4,023	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2018/2019 Budget	
Website Management	1,500	1,500	2,000	$500 Increase From 2018/2019 Budget	
TOTAL EXPENDITURES	$	51,436	$	55,521	$	56,556		
					
REVENUES LESS EXPENDITURES	$	371,905	$	366,992	$	365,759		
					
Bond Payments	(348,650)	(347,656)	(345,535)	2020 P & I Payments Less Earned Interest	
					
BALANCE	$	23,255	$	19,336	$	20,224		
					
County Appraiser & Tax Collector Fee	(2,462)	(8,445)	(8,441)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(15,604)	(16,891)	(16,883)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	5,189	$	(6,000)	$	(5,100)		
					
Carryover Balance From Prior Year	0	6,000	5,100	Carryover Balance From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	5,189	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
4,840	
300	
300	
Projected Interest For 2019/2020	

NAV Tax Collection	
348,650	
347,656	
345,535	
2020 P & I Payments Less Earned Interest	

Total Revenues	
$	353,490	
$	347,956	
$	345,835		

EXPENDITURES					

Principal Payments	
120,000	
130,000	
135,000	
Principal Payment Due In 2020	

Interest Payments	
227,900	
217,956	
210,835	
Interest Payments Due In 2020	

*	
10,793	
0	
0		

Total Expenditures	
$	358,693	
$	347,956	
$	345,835		

Excess/ (Shortfall)	
$	(5,203)	
$	-	
$	-		

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 1/1/19 =	May 2037

$4,120,000			

Vista Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2016/2017	2017/2018	2018/2019	2019/2020	
    Assessment* 	    Assessment* 	    Assessment* 	    Assessment* 	  Projected Assessment*	

O & M

$	138.85	$

109.42	$

112.12

$	105.27	$

109.41

Debt

$	745.18

$	739.63

$	736.25

$	742.67

$	738.14

Total

$	884.03	$

849.05	$

848.37

$	847.94	$

847.55

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

1% County Property Appraiser Fee

Community Information:
Total Units	498