California Debt and Investment Advisory Commission

Draw on Reserve or Default Report

Truckee Donner Public Utility District CFD No 04-1 Mello-Roos Community Facilities Districts

This report is based on unaudited information reported to the California Debt and Investment Advisory Commission pursuant to Government Code Section 53359.5(c) from sources considered to be reliable. The Commission is not liable for inadvertent errors or omissions that are reported as part of these reports.

Issuer:  Truckee Donner Public Utility District CFD No 04-1
County:  Nevada
Project:  Gray’s Crossing
Original Sale Date:  8/31/2004
CDIAC Number:  2004-1553
Type of Event:  Draw on Reserve
Date of Event:  9/1/2017
Amount Withdrawn:  $368,271.76
Contact:  Zaskia Ruiz-Jones, Willdan Financial Services
Phone Number:  (951) 587-3500

Comments:  
On September 1, 2017, a Draw on the Reserve Fund for $368,271.76 was performed in order to pay the September 1, 2017 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,478,198.75 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2017 will be $2,907,753.91. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2016/17 year is approximately 23.72%.

Date Received:   9/1/2017
Date posted to this website:   Tuesday, October 03, 2017


Issuer:  Truckee Donner Public Utility District CFD No 04-1
County:  Nevada
Project:  Gray’s Crossing
Original Sale Date:  6/21/2005
CDIAC Number:  2005-0453
Type of Event:  Draw on Reserve
Date of Event:  9/1/2017
Amount Withdrawn:  $368,271.76
Contact:  Tony Thrasher, Willdan Financial Services
Phone Number:  (951) 587-3500

Comments:  
On September 1, 2017, a Draw on the Reserve Fund for $368,271.76 was performed in order to pay the September 1, 2017 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,478,198.75 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2017 will be $2,907,753.91. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2016/17 year is approximately 23.72%.

Date Received:   9/1/2017
Date posted to this website:   Tuesday, October 03, 2017


Issuer:  Truckee Donner Public Utility District CFD No 04-1
County:  Nevada
Project:  Gray’s Crossing
Original Sale Date:  8/31/2004
CDIAC Number:  2004-1553
Type of Event:  Draw on Reserve
Date of Event:  9/1/2016
Amount Withdrawn:  $415,720.00
Contact:  Zaskia Ruiz-Jones, Willdan Financial Services
Phone Number:  (951) 587-3500

Comments:  
On September 1, 2016, a Draw on the Reserve Fund for $415,720.00 was performed in order to pay the September 1, 2016 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,416,232.50 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2016 will be $2,818,614.23. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2016/17 year is approximately 20.30%.

Date Received:   9/2/2016
Date posted to this website:   Friday, October 07, 2016


Issuer:  Truckee Donner Public Utility District CFD No 04-1
County:  Nevada
Project:  Gray’s Crossing
Original Sale Date:  8/31/2004
CDIAC Number:  2005-0453
Type of Event:  Draw on Reserve
Date of Event:  9/1/2016
Amount Withdrawn:  $415,720.00
Contact:  Zaskia Ruiz-Jones, Willdan Financial Services
Phone Number:  (951) 587-3500

Comments:  
On September 1, 2016, a Draw on the Reserve Fund for $415,720.00 was performed in order to pay the September 1, 2016 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,416,232.50 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2016 will be $2,818,614.23. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2016/17 year is approximately 20.30%.

Date Received:   9/2/2016
Date posted to this website:   Friday, October 07, 2016


Issuer:  Truckee Donner Public Utility District CFD No 04-1
County:  Nevada
Project:  Gray’s Crossing
Original Sale Date:  8/31/2004
CDIAC Number:  2004-1553
Type of Event:  Draw on Reserve
Date of Event:  9/1/2015
Amount Withdrawn:  $359,876.17
Contact:  Zaskia Ruiz-Jones, Willdan Financial Services
Phone Number:  (951) 587-3500

Comments:  
On September 1, 2015, a draw on the Reserve Fund for $359,876.17 was performed in order to pay the September 1, 2015 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,363,662.50 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2015 will be $2,985,408.83. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2014/15 year is approximately 19.86%.

Date Received:   9/1/2015
Date posted to this website:   Thursday, January 07, 2016


Issuer:  Truckee Donner Public Utility District CFD No 04-1
County:  Nevada
Project:  Gray’s Crossing
Original Sale Date:  8/31/2004
CDIAC Number:  2005-0453
Type of Event:  Draw on Reserve
Date of Event:  9/1/2015
Amount Withdrawn:  $359,876.17
Contact:  Zaskia Ruiz-Jones, Willdan Financial Services
Phone Number:  (951) 587-3500

Comments:  
On September 1, 2015, a draw on the Reserve Fund for $359,876.17 was performed in order to pay the September 1, 2015 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,363,662.50 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2015 will be $2,985,408.83. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2014/15 year is approximately 19.86%.

Date Received:   9/1/2015
Date posted to this website:   Thursday, January 07, 2016


Issuer:  Truckee Donner Public Utility District CFD No 04-1
County:  Nevada
Project:  Gray’s Crossing
Original Sale Date:  8/31/2004
CDIAC Number:  2004-1553
Type of Event:  Draw on Reserve
Date of Event:  8/29/2014
Amount Withdrawn:  $288,333.91
Contact:  Maureen Coleman, Willdan Financial Services
Phone Number:  (951) 587-3543

Comments:  
On August 29, 2014, a draw on the Reserve Fund for $288,333.91 was performed in order to pay the September 1, 2014 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,782,351.25 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2014 will be $3,071,357.29. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2013/14 year is approximately 32.7% delinquency rate.

Date Received:   8/29/2014
Date posted to this website:   Thursday, January 07, 2016


Issuer:  Truckee Donner Public Utility District CFD No 04-1
County:  Nevada
Project:  Gray’s Crossing
Original Sale Date:  8/31/2004
CDIAC Number:  2005-0453
Type of Event:  Draw on Reserve
Date of Event:  8/29/2014
Amount Withdrawn:  $288,333.91
Contact:  Maureen Coleman, Willdan Financial Services
Phone Number:  (951) 587-3543

Comments:  
On August 29, 2014, a draw on the Reserve Fund for $288,333.91 was performed in order to pay the September 1, 2014 Debt Service Payment on the Bonds. The District had insufficient funds to make the full debt service payment of $1,782,351.25 on Series 2004 and Series 2005 Bonds. The remaining amount in the Reserve Fund as of September 2, 2014 will be $3,071,357.29. The unscheduled draw is due to a consistently high delinquency rate in the District. The delinquency rate for the 2013/14 year is approximately 32.7% delinquency rate.

Date Received:   8/29/2014
Date posted to this website:   Thursday, January 07, 2016