Terreno
Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 8/31/24	
O&M Assessments	216,493	118,892	118,892	
O&M Assessments - Direct Bill	0	90,446	90,446	
Debt Assessments	562,254	305,293	305,293	
Debt Assessments - Direct Bill	0	444,526	444,526	
Interest Income	240	11,092	11,092	
				
Total Revenues	$	778,987	$	970,249	$	970,249	
				
EXPENDITURES				
Administrative Expenditures				
Supervisor Fees	0	0	0	
Management	36,000	36,000	33,000	
Legal	27,500	12,000	6,034	
Assessment Roll	5,000	5,000	0	
Audit Fees	4,300	4,300	4,300	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,000	5,375	5,375	
Legal Advertisements	3,000	2,500	1,322	
Miscellaneous	1,500	900	219	
Postage	200	230	218	
Office Supplies	1,500	225	165	
Dues & Subscriptions	175	175	175	
Website Management & ADA Compliance	3,000	3,000	2,750	
Trustee Fees	4,100	4,347	4,247	
Continuing Disclosure Fee	1,000	1,000	0	
Total Administrative Expenditures	$	93,925	$	75,702	$	58,455	
				
Maintenance Expenditures				
Engineering/Inspections	3,000	6,000	3,324	
Miscellaneous Maintenance	1,000	1,000	0	
Preserve Maintenance	75,000	75,000	0	
Lake Bank Maintenance	20,000	20,000	0	
Total Maintenance Expenditures	$	99,000	$	102,000	$	3,324	
				
Total Expenditures	$	192,925	$	177,702	$	61,779	
				
REVENUES LESS EXPENDITURES	$	586,062	$	792,547	$	908,470	
				
Bond Payments	(528,519)	(732,217)	(732,217)	
				
BALANCE	$	57,543	$	60,330	$	176,253	
				
County Appraiser Fee & Tax Collector Fee	(26,854)	(8,151)	(8,151)	
Discounts For Early Payments	(30,689)	(16,270)	(16,270)	
				
EXCESS/ (SHORTFALL)	$	-	$	35,909	$	151,832	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	35,909	$	151,832	

Fund Balance As Of 9/30/2023	
Projected FY 2023/2024 Activity	
Fund Balance As Of 9/30/2024	

$1,104	
$35,909	
$37,013	

9/10/2024 9:03 AM

AMENDED FINAL BUDGET
TERRENO COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2023
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 8/31/24	
Interest Income	100	22,833	22,733	
NAV Assessment Collection	528,519	529,292	529,292	
Payment By Developer	0	202,925	202,925	
				
Total Revenues	$	528,619	$	755,050	$	754,950	
				
EXPENDITURES				
Principal Payments	125,000	125,000	125,000	
Interest Payments	403,194	405,850	405,850	
Bond Redemption	425	0	0	
Total Expenditures	$	528,619	$	530,850	$	530,850	
				
Excess/ (Shortfall)	$	-	$	224,200	$	224,100	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$270,707	
$224,200	
$494,907	

Notes
Reserve Fund Balance = $264,259*. Revenue Account Balance = $230,648*
Revenue Fund Balance To Be Used To Make 11/1/2024 Interest Payment Of $200,269.
* Approximate Amounts

Series 2023 Bond Information

Original Par Amount =	$8,060,000	Annual Principal Payments Due:	
Interest Rate =	4.25% - 5.25%	May 1st	
Issue Date =	February 2023	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/24 =	May 2053

$7,935,000	November 1st	

9/10/2024 9:03 AM	II