Vista
Community Development District

Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2021/2022 BUDGET	
O & M Assessments	54,847	
Debt Assessments	367,171	
Other Revenues	0	
Interest Income	240	
		
TOTAL REVENUES	$	422,258	
		
EXPENDITURES		
Engineering/Inspections	2,000	
Management	20,496	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,500	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	1,300	
Miscellaneous	650	
Postage	225	
Office Supplies	375	
Dues & Subscriptions	175	
Trustee Fee	4,025	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
TOTAL EXPENDITURES	$	56,396	
		
REVENUES LESS EXPENDITURES	$	365,862	
		
Bond Payments	(345,141)	
		
BALANCE	$	20,721	
		
County Appraiser & Tax Collector Fee	(8,440)	
Discounts For Early Payments	(16,881)	
		
EXCESS/ (SHORTFALL)	$	(4,600)	
		
Carryover Balance From Prior Year	4,600	
		
NET EXCESS/ (SHORTFALL)	$	0	

DETAILED FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2019/2020 ACTUAL	
FISCAL YEAR 2020/2021 BUDGET	
FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	
O & M Assessments	54,539	51,840	54,847	Expenditures Less Interest & Carryover/.94	
Debt Assessments	367,660	370,222	367,171	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	288	240	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	422,487	$	422,302	$	422,258		
					
EXPENDITURES					
Engineering/Inspections	1,200	2,000	2,000	No Change From 2020/2021 Budget	
Management	19,776	20,220	20,496	CPI Adjustment	
Legal	6,300	8,000	8,000	No Change From 2020/2021 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,400	3,500	3,500	No Change From 2020/2021 Budget	
Arbitrage Rebate Fee	650	650	650	No Change From 2020/2021 Budget	
Insurance	5,251	6,000	6,000	Insurance Estimate	
Legal Advertisements	1,339	1,300	1,300	No Change From 2020/2021 Budget	
Miscellaneous	36	700	650	$50 Decrease From 2020/2021 Budget	
Postage	72	250	225	$25 Decrease From 2020/2021 Budget	
Office Supplies	147	400	375	$25 Decrease From 2020/2021 Budget	
Dues & Subscriptions	175	175	175	No Change From 2020/2021 Budget	
Trustee Fee	4,023	4,025	4,025	No Change From 2020/2021 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2020/2021 Budget	
Website Management	2,000	2,000	2,000	No Change From 2020/2021 Budget	
TOTAL EXPENDITURES	$	51,369	$	56,220	$	56,396		
					
REVENUES LESS EXPENDITURES	$	371,118	$	366,082	$	365,862		
					
Bond Payments	(357,264)	(348,009)	(345,141)	2022 P & I Payments Less Earned Interest	
					
BALANCE	$	13,854	$	18,073	$	20,721		
					
County Appraiser & Tax Collector Fee	(2,437)	(8,441)	(8,440)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(7,812)	(16,882)	(16,881)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	3,605	$	(7,250)	$	(4,600)		
					
Carryover Balance From Prior Year	0	7,250	4,600	Carryover Balance From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	3,605	$	-	$	0		

DETAILED FINAL DEBT SERVICE BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	

Interest Income	
2,712	
300	
25	
Projected Interest For 2021/2022	

NAV Tax Collection	
357,264	
348,009	
345,356	
2022 P & I Payments Less Earned Interest	

Total Revenues	
$	359,976	
$	348,309	
$	345,381		

EXPENDITURES					

Principal Payments	
135,000	
145,000	
150,000	
Principal Payment Due In 2022	

Interest Payments	
214,463	
203,309	
195,381	
Interest Payments Due In 2022	

Transfer To Construction Fund	
11,066	
0	
0		

Total Expenditures	
$	360,528	
$	348,309	
$	345,381		

Excess/ (Shortfall)	
$	(552)	
$	-	
$	-		

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 1/1/21 =	May 2037

$3,855,000			

Vista Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2018/2019	2019/2020	2020/2021	2021/2022	
    Assessment* 	    Assessment* 	    Assessment* 	    Assessment* 	  Projected Assessment*	

O & M

$	138.85	$

105.27	$

109.41	$

104.10	$

110.14

Debt

$	745.18

$	742.67

$	738.14

$	743.42

$	737.30

Total

$	884.03	$

847.94	$

847.55	$

847.52	$

847.44

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

1% County Property Appraiser Fee

Community Information:
Total Units	498