Vista
Community Development District

Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024 BUDGET	
O & M Assessments	51,672	
Debt Assessments	370,299	
Other Revenues	0	
Interest Income	360	
		
TOTAL REVENUES	$	422,331	
		
EXPENDITURES		
Engineering/Inspections	2,500	
Management	21,732	
Legal	8,000	
Assessment Roll	6,000	
Audit Fees	3,700	
Arbitrage Rebate Fee	650	
Insurance	6,600	
Legal Advertisements	1,225	
Miscellaneous	600	
Postage	225	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	4,025	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
TOTAL EXPENDITURES	$	58,782	
		
REVENUES LESS EXPENDITURES	$	363,549	
		
Bond Payments	(348,081)	
		
BALANCE	$	15,468	
		
County Appraiser & Tax Collector Fee	(8,439)	
Discounts For Early Payments	(16,879)	
		
EXCESS/ (SHORTFALL)	$	(9,850)	
		
Carryover Balance From Prior Year	9,850	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022 ACTUAL	
FISCAL YEAR 2022/2023 BUDGET	
FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	
O & M Assessments	54,892	52,812	51,672	Expenditures Less Interest & Carryover/.94	
Debt Assessments	367,281	369,175	370,299	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	16	240	360	Interest Projected At $30 Per Month	
					
TOTAL REVENUES	$	422,189	$	422,227	$	422,331		
					
EXPENDITURES					
Engineering/Inspections	4,350	2,500	2,500	No Change From 2022/2023 Budget	
Management	20,496	21,108	21,732	CPI Adjustment (Capped at 3%)	
Legal	5,800	8,000	8,000	No Change From 2022/2023 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,500	3,600	3,700	Accepted Amount For 2022/2023 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2022/2023 Budget	
Insurance	5,706	6,100	6,600	FY 2022/2023 Expenditure Was $6,134	
Legal Advertisements	637	1,250	1,225	$25 Decrease From 2022/2023 Budget	
Miscellaneous	25	625	600	$25 Decrease From 2022/2023 Budget	
Postage	58	225	225	No Change From 2022/2023 Budget	
Office Supplies	220	350	350	No Change From 2022/2023 Budget	
Dues & Subscriptions	175	175	175	No Change From 2022/2023 Budget	
Trustee Fee	4,023	4,025	4,025	No Change From 2022/2023 Budget	
Continuing Disclosure Fee	1,000	1,000	1,000	No Change From 2022/2023 Budget	
Website Management	2,000	2,000	2,000	No Change From 2022/2023 Budget	
TOTAL EXPENDITURES	$	54,640	$	57,608	$	58,782		
					
REVENUES LESS EXPENDITURES	$	367,549	$	364,619	$	363,549		
					
Bond Payments	(349,760)	(347,025)	(348,081)	2024 P & I Payments Less Earned Interest	
					
BALANCE	$	17,789	$	17,594	$	15,468		
					
County Appraiser & Tax Collector Fee	(2,603)	(8,439)	(8,439)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(16,109)	(16,880)	(16,879)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(923)	$	(7,725)	$	(9,850)		
					
Carryover Balance From Prior Year	0	7,725	9,850	Carryover Balance From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(923)	$	-	$	-		

DETAILED FINAL DEBT SERVICE BUDGET
VISTA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2021/2022 ACTUAL	FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	

Interest Income	
1,295	
25	
100	
Projected Interest For 2023/2024	

NAV Tax Collection	
349,760	
347,025	
348,081	
2024 P & I Payments Less Earned Interest	

Total Revenues	
$	351,055	
$	347,050	
$	348,181		

EXPENDITURES					

Principal Payments	
150,000	
160,000	
170,000	
Principal Payment Due In 2024	

Interest Payments	
199,413	
187,050	
178,181	
Interest Payments Due In 2024	

Transfer To Construction Fund	
10,928	
0	
0		

Total Expenditures	
$	360,341	
$	347,050	
$	348,181		

Excess/ (Shortfall)	
$	(9,286)	
$	-	
$	-		

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 1/1/23 =	May 2037

$3,710,000			

Vista Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2020/2021	2021/2022	2022/2023	2023/2024	
  Assessment* 	  Assessment* 	  Assessment* 	  Assessment* 	 Projected Assessment* 	

O & M

$	138.85	$

104.10	$

110.14	$

106.05	$

103.77

Debt

$	745.18

$	743.42

$	737.30

$	741.32

 $	743.58

Total

$	884.03	$

847.52	$

847.44	$

847.37	$

847.35

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

1% County Property Appraiser Fee

Community Information:
Total Units	498

8/5/2023 8:29 AM	IV