Towne Park
Community Development District Agenda
April 2, 2024

Agenda

Towne Park
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
March 26, 2024

Board of Supervisors
Towne Park Community Development District
Dear Board Members:

The regular meeting of the Board of Supervisors of Towne Park Community Development District will be held Tuesday, April 2, 2024, at 4:00 PM at the Towne Park Amenity Center #1, 3883 White Ibis Road, Lakeland, FL 33811.
Those members of the public wishing to attend the meeting can do so using the information below:
Zoom Video Link: https://us06web.zoom.us/j/82879873433 Zoom Call-In Information: 646 931 3860
Meeting ID: 828 7987 3433

Following is the advance agenda for the meeting:
Roll Call
Public Comment Period
Approval of Minutes of the March 5, 2024 Board of Supervisors Meeting
Public Hearing
Consideration of Resolution 2024-04 Adopting Easement Variance Policy and Fees
	Consideration 2024-05 Approving the Proposed Fiscal Year 2025 Budget and Setting a Public Hearing
Ratification of Proposal to Re-strap Furniture at Amenity Center 2
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Installation of Dog Waste Signs
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Supervisors Requests
Adjournment

Minutes

MINUTES OF MEETING TOWNE PARK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Towne Park Community Development District was held Tuesday, March 5, 2024, at 6:00 p.m. at the Towne Park Amenity Center #1, 3883 White Ibis Road, Lakeland, Florida and by Zoom.

Present and constituting a quorum:
Greg Jones	Chairman
Jennifer Tidwell by Zoom	Vice Chairperson
Tom Zimmerman	Assistant Secretary
Roger Runyon	Assistant Secretary Also present were:
Tricia Adams	District Manager, GMS
Meredith Hammock	District Counsel, Kilinski Van Wyk
Alan Rayl by Zoom	District Engineer, Rayl Engineering
Allen Bailey	Field Operations, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order and called roll. Three Board members were present and one attending via Zoom constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Adams noted this is an opportunity for any members of the public to make a statement to the Board of Supervisors.
Anjal Modi (5434 Keaton Springs Dr.) commented on notices regarding easement encroachments and asked for an extension of the deadline to remove his fence that is located within the District’s easement.
Sukhadevsingh Virdee (5438 Keaton Springs Dr.) commented on the notice on fencing located within a District easement.

Orville Anderson (5442 Keaton Springs Dr) commented that trees need trimmed/removed and mowed grass is turning the pond into a swamp.
Kim Zimmerman (6233 Dolostone Dr.) stated that dog poop situation is bad even on sidewalks, asked for signage to pick up after dogs.
Mr. Adams noted topics brought up during public comment can be addressed under staff reports if okay with the Board members.

THIRD ORDER OF BUSINESS	Approval of Minutes of February 6, 2024,
Board of Supervisors Meeting
Ms. Adams presented the minutes from the February 6, 2024, Board of Supervisors meeting. The minutes have been reviewed by District management staff and District Counsel. The Board had no changes to the minutes.

On MOTION by Mr. Zimmerman, seconded by Mr. Runyon, with all in favor, the Minutes of February 6, 2024 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of Agreement to Install
Dock on Stormwater Parcel
Ms. Adams noted on page 16 of the agenda packet is an application submitted by Mr. Rivera of 3832 White Ibis Rd. On page 21 is the specific application provided by the HOA management team by way of providing context. There is a proposed license agreement that has been reviewed by District Counsel on page 16 that includes protections for the District. The agreement also includes indemnification, insurance requirements, and other protections for the District. This form of agreement is the same form that has been used in the past. Ms. Hammock recommended this agreement be approved in substantial form. Mr. Rayl stated he has no issues with this project. Ms. Adams noted this agreement is providing permission to install on the CDD parcel and does not provide any additional approval required by the HOA, city, county or any other party. Ms. Hammock noted they are requesting the Board approve the license agreement for the installation on District property, and not approving the dock in any way that may be required by any other authorities having jurisdiction.

On MOTION by Mr. Jones, seconded by Mr. Runyon, with all in favor, the Agreement to Install Dock on Stormwater Parcel, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Swim	Lessons	with
SwimKids USA at Amenity Center 2
Ms. Adams noted this was briefly discussed at last month’s meeting. On page 27 of the agenda packet is additional information requested by the Board. A survey was released on February 27th to 978 users and 61 users responded. Out of that survey, 38 users stated they want to see swim lessons and would purchase as a family. Eight respondees did not want to see swim lessons and 15 said they would like to see swim lessons offered but had no family members that would participate. Swim Kids stated they need to meet the minimum of five participants. Typically, there is a percent of the tuition that is remitted back to the District to offset any increased pool maintenance expenses. Mr. Jones feels having 38 responses would warrant bringing something like this into the community and would be a good sampling as to how to proceed in the future. Mr. Runyon asked if this is for community residents only. Mr. Bailey noted there is still that caveat if they have four residents, they could advertise to try to get a fifth participant from outside of the community. Approval of swim lessons would authorize District Counsel to prepare an agreement between the District and Swim Kids USA based on the terms discussed.

On MOTION by Mr. Jones seconded by Mr. Zimmerman, with all in favor, the Swim Lessons with SwimKids USA at Amenity Center 2, was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Discussion of Potential Dates for Ethics Training Workshop
Ms. Hammock suggested Monday July 29th and Monday September 30th for ethics training workshops via Zoom. She noted if these dates do not work for the Board, she would be happy to find other dates that are favorable to them. She would be amenable to morning or afternoon. Ms. Adams asked which timeframe would be better for the Board. Mr. Jones stated around 5:30 - 7:00 would be good. Ms. Adams noted they will bring it back to the next meeting and finalize.

Engineer

Discussion of Repaving Work and Close Out Process with the City of Lakeland
Ms. Adams asked Alan in addition to items regarding right of way repair, during public comment there was a request from a resident on Keaton Springs to consider an easement variance in that area and asked if the District Engineer had any comments on that matter under his report. Mr. Rayl noted the repaving work was completed last month. The City of Lakeland inspection staff was present the entire time and walked the area to be repaired and was all done per the city’s direction and to the city’s satisfaction as well to theirs. He spoke with Philip Hart with the City of Lakeland on what to go through for formal acceptance by the city and release the CDD from any further obligations with getting the roads up to their satisfaction.
Mr. Hart acknowledged areas where striping was altered and the City of Lakeland will take care of that by replacing the thermoplastic striping. Mr. Hart stated he only needed to review the bonds that had been put in place regarding the work to make sure everything lines up and will send an email tomorrow to that effect and if any outstanding paperwork or items needed to be addressed. He noted he is confident that they did the things Lakeland was looking for in the field. He received the invoices from the contractor for the work in addition to the expected invoices, there was a change order. Two areas that were agreed to in the field and coordinated with the District on what those would be. One was once they milled off the asphalt surface, they had to do some base material below the asphalt surface and replaced that with additional asphalt base so used the same material and is satisfactory. Other additional areas were identified. Both of those were reflected in the contractors change order. The first repair with the base totaled $2,788.50 and the second additional surface repairs that the city required totaled $17,773.64 so the total of the change order is $20,562.14. That along with the other invoices for the contract amounts which were $66,051.21 and $190,519.53 were found to be in agreement with the original work that was contemplated. He noted they verified field quantities and had discrepancies there but was also an area where the city asked for extra deep milling which then requires extra deep repaving. The contractor was going to have to prepare a change order for the extra thicknesses involved in both activities. Their change order would have exceeded the amount that he was going to reduce based on quantities so in the end it would be in the District’s favor to approve their invoice as submitted and come out ahead. He noted this is his recommendation to the Board to conclude the agreed upon work with the contractor and also included was the reimbursement quantity for Dolostone which is upwards of
$33,000 that is a builder reimbursement. He asked for any questions on this work.

Mr. Jones asked if Mr. Hart gave any indication to when this will be turned over. Mr. Rayl noted he will keep this on his front burner as this is his number one priority to put this issue to bed. Mr. Jones stated this sounds good to the Board and ready to sign off on this.
Mr. Rayl noted the sump area on Siltstone, that work is underway but not completed. The easement issue on the lots on Keaton Springs is something where the HOA is the entity that reviews and approves requests for fencing and the CDD is the entity that is responsible for surface water management system and all easements pertinent to it especially easements where there is a functional purpose in that easement that the CDD has to more actively maintain which is the case in this easement under discussion. It is on the back end of 11 lots on the north side of Keaton Springs and is not just an easement for a storm pipe to go through to discharge into a pond. The easement contains a surface swale that was designed to convey water to stormwater pond 20 which is in the northeast corner in Phase 1. It’s part of the function of the stormwater management system that has to be maintained. Drainage easements preclude construction of permanent improvements such as fences anything that would impede access and ability to maintain the function of surface features like this. If the CDD is willing to entertain variance processes for these types of things, we would be happy to evaluate the merit of those. They are put in place for a reason and on every survey at the time the homeowner purchases their lot that is required to be disclosed.

Ratification of QGS Change Order No. 1
Ms. Adams noted on page 35 of the agenda packet is a copy of the change order that was approved by the Chair and she asked for a motion to ratify the actions of the Chair.

On MOTION by Mr. Zimmerman, seconded by Mr. Runyon, with all in favor, QGS Change Order No. 1, was ratified.

Field Manager’s Report
Mr. Bailey presented the field manager’s report including a damaged fence post at amenity 2 being replaced, GMS staff restored blown over fence in amenity 1, milling and paving is completed, mag locks installed in amenity 1 restroom, and amenity gate was repaired.
A Board member noted some residents posted issues with key cards and the gate. Ms. Adams noted this matter was addressed by the amenity access team on Saturday and moving forward will not be an issue.

Mr. Bailey addressed the tree issue with the resident at 5442 Keaton Springs. He will have the landscaper take a look to see the extent of the trees falling near the berm and will remind the landscaper not to mow in such a way that the grass clippings will fall in the ponds. For the dog stations, it is more the cost of emptying them. It wouldn’t be a bad idea to bring back another proposal for a waste receptacle at the fence along the walking trail. Mr. Bailey will look into signage for the dog potty issue. Ms. Adams noted the Board could consider sending out a courtesy reminder to residents via electronic mail regarding picking up after their pets.

Consideration of Proposals for Pool Lifts at Amenity 1 & 2
Mr. Bailey stated they have gone over the hydraulic chair lifts and he spoke with the vendor. The vendor stated they would be looking at a one-year manufacturer warranty. He agreed if one was passed now and the Board signed off for another one to be dealt with in the next fiscal year, he would purchase both for them and wouldn’t charge the second one until the next fiscal year and would hold that price. He noted both would have to be signed off on before he would hold the price. Ms. Adams noted this would be a two-year purchase agreement with one being billed and installed in FY24 and one being billed and installed in FY25. The amount per pool lift is $10,100. Ms. Hammock noted if the swim class is held at one of the amenity facilities, she would strongly   recommend   it   be   compliant   before   lessons   commence. The pool lift would meet ADA requirements for public pools and bring the District in compliance. Ms. Adams noted this would come out of the capital reserve.

On MOTION by Mr. Jones, seconded by Mr. Runyon, with all in favor, the Proposal for Pool Lifts at Amenity 1 & 2 as Presented, was approved.

Consideration of Proposals for Pool Furniture Re-strap at Amenity 1
Mr. Bailey presented the proposal from Florida Patio to re-strap 17 chairs at amenity 1 at
$1,612. Ms. Adams noted the sales tax would be removed bringing it to $1,510.

On MOTION by Mr. Jones, seconded by Mr. Zimmerman, with all in favor, the Proposal for Pool Furniture Re-Strapping at Amenity 1 for $1,510, was approved.

District Manager’s Report
Ms. Adams reiterated to Board members that notice was provided in mid-February that they are in receipt of the FEMA grant funds due to hurricane damages totaling $78,000 which has been put into the General Fund. As a result of this fund, they may be able to make a larger transfer out to the Capital Reserve Fund but are evaluating the cash flow for the District this year because of higher than expected pavement expenses. She noted with the encroachment issue behind Keaton Springs, the field services team identified six parcels that had an encroachment. Six notices were sent in November by certified mail and two were not claimed. A notice was sent in February to the same six addresses but one still has not been claimed via certified mail. They are reviewing the need for additional follow up.

Approval of the Check Register
Ms. Adams presented the check register included in the agenda on page 49. The summary from January 21st through February 23rd 2024 totaled $94,058.54. The detailed register follows the summary.

On MOTION by Mr. Jones, seconded by Mr. Zimmerman, with all in favor, the Check Register totaling $94,058.54, was approved.

Balance Sheet and Income Statement
Ms. Adams reviewed the unaudited financial statements through the end of January.

SEVENTH ORDER OF BUSINESS	Supervisors Requests
Mr. Jones stated in regard to the Keaton Springs issue to extend proper notice by at least a month. Ms. Adams noted it is a policy issue and final decision is up to the Board. The reason that date was chosen was to allow the District Engineer time to get in and evaluate the situation and create a scope of repair of the swale to get it back to design and get bids out and Board approval of the work prior to hurricane season. Ms. Adams noted the current direction has been not to allow fences in this swale. Mr. Runyon noted fences have to be moved so the work can be done. Mr. Jones feels they should move it back a month to May 1st. There was consensus among the Supervisors. Ms. Adams noted they will re-notice requirement of the encroachment removed by May 1st.

EIGHTH ORDER OF BUSINESS	Adjournment
There being no additional business, the Board adjourned the meeting.

On MOTION by Mr. Jones, seconded by Mr. Zimmerman, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

Section A

RESOLUTION 2024-04
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT ADOPTING A POLICY AND RATES, CHARGES AND FEES RELATED TO IMPROVEMENTS WITHIN DISTRICT EASEMENTS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Towne Park Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, Chapters 120 and 190, Florida Statutes, authorize the District to adopt rules, rates, charges and fees to govern the administration of the District and defray costs of operation and to adopt resolutions as may be necessary for the conduct of District business; and
WHEREAS, the Board of Supervisors (“Board”) finds that it is in the best interests of the District to adopt by resolution the Easement Variance Policy, including rates, charges and fees (“Easement Variance Policy”) related thereto, as set forth at Exhibit A, for immediate use and application; and

WHEREAS, the Board further finds that the adoption of the Easement Variance Policy and imposition of the rates, charges and fees is necessary in order to provide for the expenses associated with reviewing and processing applications for easement variances and is in the best interests of the District; and
WHEREAS, the Board finds that the fee structure outlined in Exhibit A is just and equitable having been based upon (i) the amount of service furnished; and (ii) other factors affecting the use of the facilities furnished; and
WHEREAS, the Board has complied with applicable Florida law concerning rule development and adoption, including holding the requisite public hearing.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. The attached Easement Variance Policy is hereby adopted pursuant to this resolution as necessary for the conduct of District business. The Easement Variance Policy shall stay in full force and effect until such time as they are otherwise amended by the Board.
SECTION 2. The fees in Exhibit A are just and equitable and have been based upon (i) the amount of service furnished; and (ii) other factors affecting the use of the facilities furnished.

SECTION 3. If any provision of this resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.
SECTION 4. This resolution shall become effective upon its passage and shall remain in effect unless rescinded or repealed.

PASSED AND ADOPTED this 2nd day of April 2024.
ATTEST:	TOWNE PARK COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Easement Variance Policy

EXHIBIT A

TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT
Easement Variance Policy
Effective: April 2, 2024
Scope. This policy applies to requests to construct/install improvements within easements held by the Towne Park Community Development District (“District”). No improvements, including fences, pavers, landscaping, etc., may be constructed or installed within District easements without approval from the District. This policy is intended to prevent damage which may be caused by unauthorized obstruction of District easements.
Request Procedures. Individuals who wish to construct or install improvements within a District easement must (a) submit an application form to the District Manager or his or her designee, and (b) pay a $75 fee to offset the costs of processing the request. The application must be signed by the owner(s) of the property. Please note that fences and other improvements may not be permissible in certain easement areas due to underground improvements, access and maintenance requirements, or other factors in the District’s discretion.
Approval. If approved, the owner(s) of the property must execute an agreement in a form acceptable to the District, which shall be recorded in the Public Records of Polk County, Florida. The District Manager shall have authority to approve applications. There shall be no requirement to bring the application before the Board of Supervisors (“Board”) for approval, unless extraordinary circumstances warrant Board consideration. The District’s approval of an application constitutes approval from the District only. The requestor is responsible for obtaining any other necessary approvals, permits and authorizations for the project, including but not limited to approvals from an HOA, county, municipality, or any other entity having an interest in the project or property utilized

Denial. The District reserves the right to deny any request that, in its sole discretion, poses an undue risk of damage to District property or improvements; unduly limits the District’s rights to use the easement for its stated purpose; poses an undue risk to the health, safety, or welfare of District residents, guests, staff, and invitees; and/or is otherwise incompatible with the nature of the easement in question. If a request is denied, the requestor may appeal the denial at the next meeting of the Board that is at least ten (10) days from the notice of denial. The Board’s decision upon appeal shall be final.
Encroachment Without Approval. If improvements are constructed or installed within a District easement without approval, the District reserves the right to take all available legal action against the person or entity engaging in such unauthorized use.
Severability. The invalidity or unenforceability of any one or more provisions of these policies shall not affect the validity or enforceability of the remaining provisions, or any part of the policies not held to be invalid or unenforceable.
Sovereign Immunity. Nothing herein shall constitute or be construed as a waiver of the District’s sovereign immunity or limitations on liability contained in Section 768.28, Florida Statutes, or other statutes or law.

Section V

RESOLUTION 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FISCAL YEAR 2024/2025 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Towne Park Community Development District (“District”) prior to June 15, 2024, proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“Fiscal Year 2024/2025”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2024/2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	July 2, 2024
HOUR:	4:00 PM
LOCATION: Towne Park Amenity Center 1
3883 White Ibis Road Lakeland, FL 33811

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT(S). The District Manager is hereby directed to submit a copy of the Proposed Budget to the local general-purpose governments at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 2nd DAY OF APRIL 2024.
ATTEST:	TOWNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors
Exhibit A:	Proposed Budget

Towne Park
Community Development District

Proposed Budget
FY2025

6

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Table of Contents

1-2		General Fund	

3-8	
	General Fund Narrative	

9	
	Series 2016 2A Debt Service Fund	

10	
	Series 2016 2A Amortization	
11		Series 2018 2B Debt Service Fund	

12	
	Series 2018 2B Amortization	

13	
	Series 2018 3A Debt Service Fund	

14	
	Series 2018 3A Amortization	

15	
	Series 2019 3B Debt Service Fund	

16	
	Series 2019 3B Amortization	

17	
	Series 2019 3C Debt Service Fund	

18	
	Series 2019 3C Amortization	

19	
	Series 2020 3D Debt Service Fund	

20	
	Series 2020 3D Amortization	
21		Capital Reserve Fund	

	Adopted Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Revenues						
Assessments	$	1,024,144	$	1,005,413	$	18,731	$	1,024,144	$	1,024,144	
Other Income	$	2,400	$	81,761	$	6,000	$	87,761	$	8,000	
Total Revenues	$	1,026,544	$	1,087,173	$	24,731	$	1,111,904	$	1,032,144	

Expenditures						
Administrative:						
Supervisor Fees	$	12,000	$	3,800	$	8,200	$	12,000	$	12,000	
Engineering Fees	$	15,000	$	9,065	$	8,435	$	17,500	$	15,000	
Attorney	$	40,000	$	17,953	$	22,047	$	40,000	$	40,000	
Annual Audit	$	4,100	$	-	$	4,100	$	4,100	$	4,100	
Assessment Roll Services	$	5,000	$	5,000	$	-	$	5,000	$	10,000	
Reamortization Schedules	$	625	$	-	$	625	$	625	$	625	
Dissemination	$	10,000	$	4,167	$	5,833	$	10,000	$	10,500	
Trustee Fees	$	23,867	$	20,594	$	3,273	$	23,867	$	23,867	
Management Fees	$	45,050	$	18,771	$	26,279	$	45,050	$	48,429	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,890	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,260	
Postage	$	1,300	$	671	$	629	$	1,300	$	1,300	
Insurance	$	6,985	$	6,572	$	-	$	6,572	$	7,558	
Copies	$	500	$	19	$	231	$	250	$	250	
Legal Advertising	$	3,500	$	910	$	2,590	$	3,500	$	3,500	
Other Current Charges	$	4,000	$	200	$	2,000	$	2,200	$	4,000	
Office Supplies	$	200	$	5	$	30	$	35	$	200	
Dues, Licenses & Subscriptions	$	175	175	$	-	$	175	$	175	
Total Administrative	$	175,302	$	89,151	$	86,022	$	175,173	$	184,653	

Operations & Maintenance						
Field Expenditures						
Property Insurance	$	30,401	$	30,111	$	-	$	30,111	$	34,628	
Field Management	$	21,000	$	8,750	$	12,250	$	21,000	$	22,050	
Landscape Maintenance	$	263,665	$	95,267	$	168,398	$	263,665	$	263,665	
Landscape Enhancements/Replacement	$	35,000	$	-	$	35,000	$	35,000	$	55,000	
Pond Maintenance	$	46,656	$	19,440	$	27,216	$	46,656	$	48,000	
Electric	$	5,400	$	1,272	$	1,561	$	2,833	$	5,400	
Streetlighting	$	-	$	-	$	-	$	-	$	-	
Water & Sewer	$	1,100	$	299	$	801	$	1,100	$	1,100	
Irrigation Repairs	$	12,500	$	2,583	$	7,292	$	9,875	$	12,500	
Right of Way Repairs	$	180,000	$	190,520	$	-	$	190,520	$	-	
General Repairs & Maintenance	$	15,000	$	-	$	15,000	$	15,000	$	20,000	
Contingency	$	14,343	$	11,839	$	8,287	$	20,126	$	17,500	
Subtotal Field Expenses	$	625,065	$	360,080	$	275,805	$	635,886	$	479,842	

	Adopted Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Amenity Expenditures
Electric		

$	26,400	

$	7,280	

$	13,750	

$	21,030	

$	26,400	
Water		$	8,400	$	3,552	$	4,848	$	8,400	$	8,400	
Internet & Phone		$	3,200	$	1,090	$	1,526	$	2,616	$	3,200	
Playground & Equipment Lease		$	26,935	$	10,324	$	16,611	$	26,935	$	26,935	
Pool Service Contract		$	42,000	$	17,500	$	24,500	$	42,000	$	43,800	
Pool Furniture Repair & Replacement		$	6,000	$	-	$	6,000	$	6,000	$	6,000	
Janitorial Services		$	22,500	$	8,468	$	14,032	$	22,500	$	22,500	
Security Services		$	43,000	$	11,857	$	21,500	$	33,357	$	50,500	
Pest Control		$	3,400	$	915	$	1,133	$	2,048	$	3,400	
Amenity Access Management		$	9,000	$	4,455	$	4,545	$	9,000	$	9,450	
Amenity Repair & Maintenance		$	20,000	$	4,956	$	15,044	$	20,000	$	25,000	
Contingency		$	14,343	$	4,421	$	9,921	$	14,343	$	17,500	
Subtotal Amenity Expenses		$	225,177	$	74,818	$	133,411	$	208,228	$	243,084	
							
Total Operations & Maintenance		$	850,242	$	434,898	$	409,216	$	844,114	$	722,927	

Other Expenditures
Transfer Out - Capital Reserve		

$	1,000	

$	-	

$	1,000	

$	1,000	

$	124,564	
Total Other Expenditures		$	1,000	$	-	$	1,000	$	1,000	$	124,564	
							
Total Expenditures		$	1,026,544	$	524,049	$	496,238	$	1,020,287	$	1,032,144	
							
Excess Revenues/(Expenditures)		$	-	$	563,124	$	(471,507)	$	91,617	$	-	
							
Product Type	Assessable Units	ERU/Unit	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 2A Single-Family (TP Estates Phase 2A)	148	1.00	148	$104,533.28	$706.31	$759.47	
Phase 2B Single-Family (TP Estates Phase 2B)	130	1.00	130	$91,819.77	$706.31	$759.47	
Phase 3A Single-Family (Riverstone Phase 1)	433	1.00	433	$305,830.47	$706.31	$759.47	
Phase 3B Single-Family (Riverstone Phase 2)	277	1.00	277	$195,646.74	$706.31	$759.47	
Phase 3C Single-Family (Riverstone Phases 3 and 4)	186	1.00	186	$131,372.90	$706.31	$759.47	
Riverstone Phases 5 & 6	276	1.00	276	$194,940.44	$706.31	$759.47	
	1450		1450	$1,024,143.61			
							
		FY24 Gross Per Unit	FY25 Gross Per Unit				
		Assessment	Assessment	Increase			
		$759.47	$759.47	$0.00			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District to pay for operating expenditures during the fiscal year.

Other Income

Represents miscellaneous funds the District may receive such as amenity rental fees.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering Fees

The District's engineer, Rayl Engineering, Inc., provides general engineering services to the District, e.g., attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Kilinski I Van Wyk, PLLC, provides general legal services to the District, e.g., attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with McDirmit Davis LLC, for these services.

Assessment Roll Services

The District has contracted with Governmental Management Services-Central Florida, LLC, to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Reamortization Schedules

Represents the cost of having revised amortization schedules issued on the District’s bonds when extraordinary redemptions are made.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2016 2A, Series 2018 2B, Series 2018 3A, Series 2019 3B, Series 2019 3C and Series 2020 3D bonds. Governmental Management Services-Central Florida, LLC, provides these services.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds to USBank.

Description	Annually	
Series 2016 2A	$3,717	
Series 2018 2B & 3A	$8,027	
Series 2019 3B	$4,041	
Series 2019 3C	$4,041	
Series 2020 3D		$4,041 	
Total	$23,867	

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services-Central Florida, LLC, provides these services.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services-Central Florida, LLC, provides these services.

	$1,260 
$1,260

Website Maintenance – GMS
Total

Annually

Description

Postage

The District incurs charges for mailing materials, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Copies

Printing for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

The District has contracts with Prince & Sons, Inc. to provide landscaping services throughout the District. These services include mowing, edging, trimming, cleanup, detailing and pruning as well as maintenance of the irrigation systems.

Description	Monthly	Annually	
Maintenance	$19,053.33	$228,640	
Mulch		$29,025	
Annuals			$6,000 	
Total		$263,665	

Landscape Enhancements/Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Pond Maintenance

The District has contracted with The Lake Doctors for the care and maintenance of its 41 ponds which includes shoreline grass, brush, and vegetation control.

Description	Monthly	Annually	
Maintenance – 41 Ponds
Total	$3,888		$46,656 
$46,656	
Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting, and other assets.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.
Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Internet & Phone

Internet service will be added for use at the Amenity Center. Service is provided by Spectrum Business.

Playground & Equipment Lease

The District has entered into a leasing agreement with Navitas Inc. and WHFS, LLC, for playground & equipment installed in the community.

Description	Monthly	Annually	
Playground Lease - Navitas	$1,966	$23,592	
Playground Lease – WHFS	$278		$3,343 	
Total		$26,935	

Pool Service Contract

Resort Pool Services has been contracted to provide regular cleaning and treatments of the District’s two pools.

Description	Monthly	Annually	
Pool Maintenance – Amenity #1	$1,600	$19,200	
Pool Maintenance – Amenity #2	$1,900		$22,800 	
Total		$42,000	

Pool Furniture Repair & Replacement

Represents cost of pool furniture repairs and replacement.

Janitorial Services

Represents the costs to provide janitorial services for the District’s amenity facilities. These services are provided by E & A Cleaning, Inc., at a per clean rate for each amenity facility.

Security Services

Represents the estimated cost of monthly security service for the District’s amenity facilities. Services are provided by Securitas Security Service USA, Inc.

Pest Control

The District is contracted with All American Lawn & Tree Specialists, LLC, for pest control treatments to its amenity facilities.

Amenity Access Management

Represents the cost of managing access to the District’s amenity facilities. Governmental Management Services-Central Florida, LLC, provides these services.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities and equipment.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:

Transfer Out – Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Proposed Budget
Series 2016 2A Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Revenues						
Assessments	$	111,715	$	109,671	$	2,044	$	111,715	$	111,715	
Interest	$	-	$	3,727	$	1,864	$	5,591	$	-	
Carry Forward Surplus	$	88,973	$	87,128	$	-	$	87,128	$	96,220	
Total Revenues	$	200,687	$	200,526	$	3,907	$	204,433	$	207,934	

Expenditures						
Interest - 11/1	$	39,481	$	39,481	$	-	$	39,481	$	38,731	
Principal - 11/1	$	30,000	$	30,000	$	-	$	30,000	$	30,000	
Interest - 5/1	$	38,731	$	-	$	38,731	$	38,731	$	37,981	
Total Expenditures	$	108,213	$	69,481	$	38,731	$	108,213	$	106,713	
						
Excess Revenues/(Expenditures)	$	92,475	$	131,045	$	(34,824)	$	96,220	$	101,222	
				
Interest - 11/1/25	
$37,981	
				Principal - 11/1/25		$35,000 	
					$72,981	
Product Type	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family Level 1	63	$42,334.79	$671.98	$722.56		
Single Family Level 2	85	$69,379.81	$816.23	$877.67		
	148	$111,714.60				

Series 2016 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/24	$	1,370,000.00	$	30	
05/01/25	$	1,340,000.00	$	
11/01/25	$	1,340,000.00	$	35	
05/01/26	$	1,305,000.00	$	
11/01/26	$	1,305,000.00	$	35	
05/01/27	$	1,270,000.00	$	
11/01/27	$	1,270,000.00	$	35	
05/01/28	$	1,235,000.00	$	
11/01/28	$	1,235,000.00	$	40	
05/01/29	$	1,195,000.00	$	
11/01/29	$	1,195,000.00	$	40	
05/01/30	$	1,155,000.00	$	
11/01/30	$	1,155,000.00	$	40	
05/01/31	$	1,115,000.00	$	
11/01/31	$	1,115,000.00	$	45	
05/01/32	$	1,070,000.00	$	
11/01/32	$	1,070,000.00	$	45	
05/01/33	$	1,025,000.00	$	
11/01/33	$	1,025,000.00	$	50	
05/01/34	$	975,000.00	$	
11/01/34	$	975,000.00	$	55	
05/01/35	$	920,000.00	$	
11/01/35	$	920,000.00	$	55	
05/01/36	$	865,000.00	$	
11/01/36	$	865,000.00	$	60	
05/01/37	$	805,000.00	$	
11/01/37	$	805,000.00	$	60	
05/01/38	$	745,000.00	$	
11/01/38	$	745,000.00	$	65	
05/01/39	$	680,000.00	$	
11/01/39	$	680,000.00	$	70	
05/01/40	$	610,000.00	$	
11/01/40	$	610,000.00	$	75	
05/01/41	$	535,000.00	$	
11/01/41	$	535,000.00	$	80	
05/01/42	$	455,000.00	$	
11/01/42	$	455,000.00	$	80	
05/01/43	$	375,000.00	$	
11/01/43	$	375,000.00	$	85	
05/01/44	$	290,000.00	$	
11/01/44	$	290,000.00	$	90	
05/01/45	$	200,000.00	$	
11/01/45	$	200,000.00	$	95	
05/01/46	$	105,000.00	$	
11/01/46	$	105,000.00	$	105	
			$	1,400	

$	38,731.25	$	107,462.50	
$	37,981.25		
$	37,981.25	$	110,962.50	
$	37,106.25		
$	37,106.25	$	109,212.50	
$	36,231.25		
$	36,231.25	$	107,462.50	
$	35,356.25		
$	35,356.25	$	110,712.50	
$	34,356.25		
$	34,356.25	$	108,712.50	
$	33,206.25		
$	33,206.25	$	106,412.50	
$	32,056.25		
$	32,056.25	$	109,112.50	
$	30,762.50		
$	30,762.50	$	106,525.00	
$	29,468.75		
$	29,468.75	$	108,937.50	
$	28,031.25		
$	28,031.25	$	111,062.50	
$	26,450.00		
$	26,450.00	$	107,900.00	
$	24,868.75		
$	24,868.75	$	109,737.50	
$	23,143.75		
$	23,143.75	$	106,287.50	
$	21,418.75		
$	21,418.75	$	107,837.50	
$	19,550.00		
$	19,550.00	$	109,100.00	
$	17,537.50		
$	17,537.50	$	110,075.00	
$	15,381.25		
$	15,381.25	$	110,762.50	
$	13,081.25		
$	13,081.25	$	106,162.50	
$	10,781.25		
$	10,781.25	$	106,562.50	
$	8,337.50		
$	8,337.50	$	106,675.00	
$	5,750.00		
$	5,750.00	$	106,500.00	
$	3,018.75		
$	3,018.75	$	111,037.50	

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

1,164,693.75	$

2,604,175.00

Proposed Budget
Series 2018 2B Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Revenues						
Assessments	$	130,304	$	127,920	$	2,384	$	130,304	$	130,304	
Interest	$	-	$	2,630	$	1,315	$	3,945	$	-	
Carry Forward Surplus	$	84,005	$	73,684	$	-	$	73,684	$	88,638	
Total Revenues	$	214,309	$	204,234	$	3,699	$	207,932	$	218,942	

Expenditures						
Interest - 11/1	$	44,647	$	44,647	$	-	$	44,647	$	43,897	
Interest - 5/1	$	44,647	$	-	$	44,647	$	44,647	$	43,897	
Principal - 5/1	$	30,000	$	-	$	30,000	$	30,000	$	30,000	
Total Expenditures	$	119,294	$	44,647	$	74,647	$	119,294	$	117,794	
						
Excess Revenues/(Expenditures)	$	95,015	$	159,587	$	(70,948)	$	88,638	$	101,148	
				
Interest - 11/1/25	
$43,147	
Product Type	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	130	$130,303.60	$1,002.34	$1,077.78		
	130	$130,303.60				

11/01/24	$	1,620,000.00	$	
05/01/25	$	1,620,000.00	$	30	
11/01/25	$	1,590,000.00	$	
05/01/26	$	1,590,000.00	$	35	
11/01/26	$	1,555,000.00	$	
05/01/27	$	1,555,000.00	$	35	
11/01/27	$	1,520,000.00	$	
05/01/28	$	1,520,000.00	$	35	
11/01/28	$	1,485,000.00	$	
05/01/29	$	1,485,000.00	$	40	
11/01/29	$	1,445,000.00	$	
05/01/30	$	1,445,000.00	$	40	
11/01/30	$	1,405,000.00	$	
05/01/31	$	1,405,000.00	$	45	
11/01/31	$	1,360,000.00	$	
05/01/32	$	1,360,000.00	$	45	
11/01/32	$	1,315,000.00	$	
05/01/33	$	1,315,000.00	$	50	
11/01/33	$	1,265,000.00	$	
05/01/34	$	1,265,000.00	$	50	
11/01/34	$	1,215,000.00	$	
05/01/35	$	1,215,000.00	$	55	
11/01/35	$	1,160,000.00	$	
05/01/36	$	1,160,000.00	$	55	
11/01/36	$	1,105,000.00	$	
05/01/37	$	1,105,000.00	$	60	
11/01/37	$	1,045,000.00	$	
05/01/38	$	1,045,000.00	$	65	
11/01/38	$	980,000.00	$	
05/01/39	$	980,000.00	$	65	
11/01/39	$	915,000.00	$	
05/01/40	$	915,000.00	$	70	
11/01/40	$	845,000.00	$	
05/01/41	$	845,000.00	$	75	
11/01/41	$	770,000.00	$	
05/01/42	$	770,000.00	$	80	
11/01/42	$	690,000.00	$	
05/01/43	$	690,000.00	$	85	
11/01/43	$	605,000.00	$	
05/01/44	$	605,000.00	$	90	
11/01/44	$	515,000.00	$	
05/01/45	$	515,000.00	$	90	
11/01/45	$	425,000.00	$	
05/01/46	$	425,000.00	$	95	
11/01/46	$	330,000.00	$	
05/01/47	$	330,000.00	$	105	
11/01/47	$	225,000.00	$	
05/01/48	$	225,000.00	$	110	
11/01/48	$	115,000.00	$	
05/01/49	$	115,000.00	$	115	
			$	1,650	

Series 2018 Special Assessment Bonds 2B Amortization Schedule

Date	Balance	Principal	Interest	Total

$	43,896.88	$	118,543.75	
$	43,896.88	$	-	
$	43,146.88	$	117,043.75	
$	43,146.88	$	-	
$	42,271.88	$	120,418.75	
$	42,271.88	$	-	
$	41,396.88	$	118,668.75	
$	41,396.88	$	-	
$	40,521.88	$	116,918.75	
$	40,521.88	$	-	
$	39,446.88	$	119,968.75	
$	39,446.88	$	-	
$	38,371.88	$	117,818.75	
$	38,371.88	$	-	
$	37,162.50	$	120,534.38	
$	37,162.50	$	-	
$	35,953.13	$	118,115.63	
$	35,953.13	$	-	
$	34,609.38	$	120,562.50	
$	34,609.38	$	-	
$	33,265.63	$	117,875.00	
$	33,265.63	$	-	
$	31,787.50	$	120,053.13	
$	31,787.50	$	-	
$	30,309.38	$	117,096.88	
$	30,309.38	$	-	
$	28,696.88	$	119,006.25	
$	28,696.88	$	-	
$	26,950.00	$	120,646.88	
$	26,950.00	$	-	
$	25,162.50	$	117,112.50	
$	25,162.50	$	-	
$	23,237.50	$	118,400.00	
$	23,237.50	$	-	
$	21,175.00	$	119,412.50	
$	21,175.00	$	-	
$	18,975.00	$	120,150.00	
$	18,975.00	$	-	
$	16,637.50	$	120,612.50	
$	16,637.50	$	-	
$	14,162.50	$	120,800.00	
$	14,162.50	$	-	
$	11,687.50	$	115,850.00	
$	11,687.50	$	-	
$	9,075.00	$	115,762.50	
$	9,075.00	$	-	
$	6,187.50	$	120,262.50	
$	6,187.50	$	-	
$	3,162.50	$	119,350.00	
$	3,162.50	$	118,162.50	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

1,483,793.75	$

3,209,040.63

Proposed Budget
Series 2018 3A Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Revenues						
Assessments	$	525,011	$	515,408	$	9,603	$	525,011	$	525,011	
Interest	$	-	$	9,220	$	4,610	$	13,830	$	-	
Carry Forward Surplus	$	267,050	$	239,543	$	-	$	239,543	$	264,735	
Total Revenues	$	792,061	$	764,171	$	14,213	$	778,385	$	789,746	

Expenditures						
Interest - 11/1	$	191,825	$	191,825	$	-	$	191,825	$	188,575	
Interest - 5/1	$	191,825	$	-	$	191,825	$	191,825	$	188,575	
Principal - 5/1	$	130,000	$	-	$	130,000	$	130,000	$	135,000	
Total Expenditures	$	513,650	$	191,825	$	321,825	$	513,650	$	512,150	
						
Excess Revenues/(Expenditures)	$	278,411	$	572,346	$	(307,612)	$	264,735	$	277,596	
				
Interest - 11/1/25	
$185,200	
Product Type	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	433	$525,011.11	$1,212.50	$1,303.76		
	433	$525,011.11				

11/01/24	$	6,960,000.00	$	
05/01/25	$	6,960,000.00	$	135	
11/01/25	$	6,825,000.00	$	
05/01/26	$	6,825,000.00	$	145	
11/01/26	$	6,680,000.00	$	
05/01/27	$	6,680,000.00	$	150	
11/01/27	$	6,530,000.00	$	
05/01/28	$	6,530,000.00	$	160	
11/01/28	$	6,370,000.00	$	
05/01/29	$	6,370,000.00	$	170	
11/01/29	$	6,200,000.00	$	
05/01/30	$	6,200,000.00	$	175	
11/01/30	$	6,025,000.00	$	
05/01/31	$	6,025,000.00	$	185	
11/01/31	$	5,840,000.00	$	
05/01/32	$	5,840,000.00	$	195	
11/01/32	$	5,645,000.00	$	
05/01/33	$	5,645,000.00	$	210	
11/01/33	$	5,435,000.00	$	
05/01/34	$	5,435,000.00	$	220	
11/01/34	$	5,215,000.00	$	
05/01/35	$	5,215,000.00	$	230	
11/01/35	$	4,985,000.00	$	
05/01/36	$	4,985,000.00	$	245	
11/01/36	$	4,740,000.00	$	
05/01/37	$	4,740,000.00	$	260	
11/01/37	$	4,480,000.00	$	
05/01/38	$	4,480,000.00	$	270	
11/01/38	$	4,210,000.00	$	
05/01/39	$	4,210,000.00	$	285	
11/01/39	$	3,925,000.00	$	
05/01/40	$	3,925,000.00	$	305	
11/01/40	$	3,620,000.00	$	
05/01/41	$	3,620,000.00	$	320	
11/01/41	$	3,300,000.00	$	
05/01/42	$	3,300,000.00	$	340	
11/01/42	$	2,960,000.00	$	
05/01/43	$	2,960,000.00	$	355	
11/01/43	$	2,605,000.00	$	
05/01/44	$	2,605,000.00	$	375	
11/01/44	$	2,230,000.00	$	
05/01/45	$	2,230,000.00	$	400	
11/01/45	$	1,830,000.00	$	
05/01/46	$	1,830,000.00	$	420	
11/01/46	$	1,410,000.00	$	
05/01/47	$	1,410,000.00	$	445	
11/01/47	$	965,000.00	$	
05/01/48	$	965,000.00	$	470	
11/01/48	$	495,000.00	$	
05/01/49	$	495,000.00	$	495	
			$	7,090	

Series 2018 Special Assessment Bonds 3A Amortization Schedule

Date	Balance	Principal	Interest	Total

$	188,575.00	$	510,400.00	
$	188,575.00	$	-	
$	185,200.00	$	508,775.00	
$	185,200.00	$	-	
$	181,575.00	$	511,775.00	
$	181,575.00	$	-	
$	177,825.00	$	509,400.00	
$	177,825.00	$	-	
$	173,825.00	$	511,650.00	
$	173,825.00	$	-	
$	169,256.25	$	513,081.25	
$	169,256.25	$	-	
$	164,553.13	$	508,809.38	
$	164,553.13	$	-	
$	159,581.25	$	509,134.38	
$	159,581.25	$	-	
$	154,340.63	$	508,921.88	
$	154,340.63	$	-	
$	148,696.88	$	513,037.50	
$	148,696.88	$	-	
$	142,784.38	$	511,481.25	
$	142,784.38	$	-	
$	136,603.13	$	509,387.50	
$	136,603.13	$	-	
$	130,018.75	$	511,621.88	
$	130,018.75	$	-	
$	123,031.25	$	513,050.00	
$	123,031.25	$	-	
$	115,775.00	$	508,806.25	
$	115,775.00	$	-	
$	107,937.50	$	508,712.50	
$	107,937.50	$	-	
$	99,550.00	$	512,487.50	
$	99,550.00	$	-	
$	90,750.00	$	510,300.00	
$	90,750.00	$	-	
$	81,400.00	$	512,150.00	
$	81,400.00	$	-	
$	71,637.50	$	508,037.50	
$	71,637.50	$	-	
$	61,325.00	$	507,962.50	
$	61,325.00	$	-	
$	50,325.00	$	511,650.00	
$	50,325.00	$	-	
$	38,775.00	$	509,100.00	
$	38,775.00	$	-	
$	26,537.50	$	510,312.50	
$	26,537.50	$	-	
$	13,612.50	$	510,150.00	
$	13,612.50	$	508,612.50	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

6,370,631.25	$

13,779,956.25

Proposed Budget
Series 2019 3B Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Revenues						
Assessments	$	335,844	$	329,701	$	6,143	$	335,844	$	335,844	
Interest	$	-	$	5,945	$	2,973	$	8,918	$	-	
Carry Forward Surplus	$	164,779	$	149,558	$	-	$	149,558	$	158,502	
Total Revenues	$	500,622	$	485,204	$	9,115	$	494,320	$	494,345	

Expenditures						
Interest - 11/1	$	115,409	$	115,409	$	-	$	115,409	$	113,572	
Interest - 5/1	$	115,409	$	-	$	115,409	$	115,409	$	113,572	
Principal - 5/1	$	105,000	$	-	$	105,000	$	105,000	$	110,000	
Total Expenditures	$	335,819	$	115,409	$	220,409	$	335,818	$	337,144	
						
Excess Revenues/(Expenditures)	$	164,804	$	369,795	$	(211,294)	$	158,502	$	157,202	
				
Interest - 11/1/25	
$111,372	
Product Type	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	277	$335,843.58	$1,212.43	$1,303.69		
	277	$335,843.58				

11/01/24	$	5,090,000.00	$	
05/01/25	$	5,090,000.00	$	110	
11/01/25	$	4,980,000.00	$	
05/01/26	$	4,980,000.00	$	115	
11/01/26	$	4,865,000.00	$	
05/01/27	$	4,865,000.00	$	120	
11/01/27	$	4,745,000.00	$	
05/01/28	$	4,745,000.00	$	120	
11/01/28	$	4,625,000.00	$	
05/01/29	$	4,625,000.00	$	125	
11/01/29	$	4,500,000.00	$	
05/01/30	$	4,500,000.00	$	135	
11/01/30	$	4,365,000.00	$	
05/01/31	$	4,365,000.00	$	140	
11/01/31	$	4,225,000.00	$	
05/01/32	$	4,225,000.00	$	145	
11/01/32	$	4,080,000.00	$	
05/01/33	$	4,080,000.00	$	150	
11/01/33	$	3,930,000.00	$	
05/01/34	$	3,930,000.00	$	160	
11/01/34	$	3,770,000.00	$	
05/01/35	$	3,770,000.00	$	165	
11/01/35	$	3,605,000.00	$	
05/01/36	$	3,605,000.00	$	170	
11/01/36	$	3,435,000.00	$	
05/01/37	$	3,435,000.00	$	180	
11/01/37	$	3,255,000.00	$	
05/01/38	$	3,255,000.00	$	190	
11/01/38	$	3,065,000.00	$	
05/01/39	$	3,065,000.00	$	195	
11/01/39	$	2,870,000.00	$	
05/01/40	$	2,870,000.00	$	205	
11/01/40	$	2,665,000.00	$	
05/01/41	$	2,665,000.00	$	215	
11/01/41	$	2,450,000.00	$	
05/01/42	$	2,450,000.00	$	225	
11/01/42	$	2,225,000.00	$	
05/01/43	$	2,225,000.00	$	235	
11/01/43	$	1,990,000.00	$	
05/01/44	$	1,990,000.00	$	245	
11/01/44	$	1,745,000.00	$	
05/01/45	$	1,745,000.00	$	260	
11/01/45	$	1,485,000.00	$	
05/01/46	$	1,485,000.00	$	270	
11/01/46	$	1,215,000.00	$	
05/01/47	$	1,215,000.00	$	285	
11/01/47	$	930,000.00	$	
05/01/48	$	930,000.00	$	295	
11/01/48	$	635,000.00	$	
05/01/49	$	635,000.00	$	310	
11/01/49	$	325,000.00	$	
05/01/50	$	325,000.00	$	325	
			$	5,195	

Series 2019 Special Assessment Bonds 3B Amortization Schedule

Date	Balance	Principal	Interest	Total

$	113,571.88	$	333,981.25	
$	113,571.88		
$	111,371.88	$	334,943.75	
$	111,371.88		
$	109,071.88	$	335,443.75	
$	109,071.88		
$	106,671.88	$	335,743.75	
$	106,671.88		
$	104,271.88	$	330,943.75	
$	104,271.88		
$	101,771.88	$	331,043.75	
$	101,771.88		
$	99,071.88	$	335,843.75	
$	99,071.88		
$	96,009.38	$	335,081.25	
$	96,009.38		
$	92,837.50	$	333,846.88	
$	92,837.50		
$	89,556.25	$	332,393.75	
$	89,556.25		
$	86,056.25	$	335,612.50	
$	86,056.25		
$	82,446.88	$	333,503.13	
$	82,446.88		
$	78,728.13	$	331,175.00	
$	78,728.13		
$	74,790.63	$	333,518.75	
$	74,790.63		
$	70,634.38	$	335,425.00	
$	70,634.38		
$	66,368.75	$	332,003.13	
$	66,368.75		
$	61,628.13	$	332,996.88	
$	61,628.13		
$	56,656.25	$	333,284.38	
$	56,656.25		
$	51,453.13	$	333,109.38	
$	51,453.13		
$	46,018.75	$	332,471.88	
$	46,018.75		
$	40,353.13	$	331,371.88	
$	40,353.13		
$	34,340.63	$	334,693.75	
$	34,340.63		
$	28,096.88	$	332,437.50	
$	28,096.88		
$	21,506.25	$	334,603.13	
$	21,506.25		
$	14,684.38	$	331,190.63	
$	14,684.38		
$	7,515.63	$	332,200.00	
$	7,515.63	$	332,515.63	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

3,921,787.50	$

9,333,946.88

Proposed Budget
Series 2019 3C Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Revenues						
Assessments	$	225,524	$	221,399	$	4,125	$	225,524	$	225,524	
Interest	$	-	$	3,537	$	1,769	$	5,306	$	-	
Carry Forward Surplus	$	88,964	$	86,519	$	-	$	86,519	$	93,243	
Total Revenues	$	314,488	$	311,455	$	5,894	$	317,349	$	318,767	

Expenditures						
Interest - 11/1	$	77,053	$	77,053	$	-	$	77,053	$	75,784	
Interest - 5/1	$	77,053	$	-	$	77,053	$	77,053	$	75,784	
Principal - 5/1	$	70,000	$	-	$	70,000	$	70,000	$	75,000	
Total Expenditures	$	224,106	$	77,053	$	147,053	$	224,106	$	226,569	
						
Excess Revenues/(Expenditures)	$	90,382	$	234,402	$	(141,159)	$	93,243	$	92,198	
				
Interest - 11/1/25	
$74,425	
Product Type	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	186	$225,524.40	$1,212.50	$1,303.76		
	186	$225,524.40				

11/01/24	$	3,395,000.00	$	
05/01/25	$	3,395,000.00	$	75	
11/01/25	$	3,320,000.00	$	
05/01/26	$	3,320,000.00	$	75	
11/01/26	$	3,245,000.00	$	
05/01/27	$	3,245,000.00	$	80	
11/01/27	$	3,165,000.00	$	
05/01/28	$	3,165,000.00	$	80	
11/01/28	$	3,085,000.00	$	
05/01/29	$	3,085,000.00	$	85	
11/01/29	$	3,000,000.00	$	
05/01/30	$	3,000,000.00	$	90	
11/01/30	$	2,910,000.00	$	
05/01/31	$	2,910,000.00	$	90	
11/01/31	$	2,820,000.00	$	
05/01/32	$	2,820,000.00	$	95	
11/01/32	$	2,725,000.00	$	
05/01/33	$	2,725,000.00	$	100	
11/01/33	$	2,625,000.00	$	
05/01/34	$	2,625,000.00	$	105	
11/01/34	$	2,520,000.00	$	
05/01/35	$	2,520,000.00	$	110	
11/01/35	$	2,410,000.00	$	
05/01/36	$	2,410,000.00	$	115	
11/01/36	$	2,295,000.00	$	
05/01/37	$	2,295,000.00	$	120	
11/01/37	$	2,175,000.00	$	
05/01/38	$	2,175,000.00	$	125	
11/01/38	$	2,050,000.00	$	
05/01/39	$	2,050,000.00	$	130	
11/01/39	$	1,920,000.00	$	
05/01/40	$	1,920,000.00	$	135	
11/01/40	$	1,785,000.00	$	
05/01/41	$	1,785,000.00	$	145	
11/01/41	$	1,640,000.00	$	
05/01/42	$	1,640,000.00	$	150	
11/01/42	$	1,490,000.00	$	
05/01/43	$	1,490,000.00	$	155	
11/01/43	$	1,335,000.00	$	
05/01/44	$	1,335,000.00	$	165	
11/01/44	$	1,170,000.00	$	
05/01/45	$	1,170,000.00	$	175	
11/01/45	$	995,000.00	$	
05/01/46	$	995,000.00	$	180	
11/01/46	$	815,000.00	$	
05/01/47	$	815,000.00	$	190	
11/01/47	$	625,000.00	$	
05/01/48	$	625,000.00	$	200	
11/01/48	$	425,000.00	$	
05/01/49	$	425,000.00	$	210	
11/01/49	$	215,000.00	$	
05/01/50	$	215,000.00	$	215	
			$	3,465	

Series 2019 Special Assessment Bonds 3C Amortization Schedule

Date	Balance	Principal	Interest	Total

$	75,784.38	$	222,837.50	
$	75,784.38	$	-	
$	74,425.00	$	225,209.38	
$	74,425.00	$	-	
$	72,925.00	$	222,350.00	
$	72,925.00	$	-	
$	71,325.00	$	224,250.00	
$	71,325.00	$	-	
$	69,725.00	$	221,050.00	
$	69,725.00	$	-	
$	68,025.00	$	222,750.00	
$	68,025.00	$	-	
$	66,225.00	$	224,250.00	
$	66,225.00	$	-	
$	64,425.00	$	220,650.00	
$	64,425.00	$	-	
$	62,311.25	$	221,736.25	
$	62,311.25	$	-	
$	60,086.25	$	222,397.50	
$	60,086.25	$	-	
$	57,750.00	$	222,836.25	
$	57,750.00	$	-	
$	55,302.50	$	223,052.50	
$	55,302.50	$	-	
$	52,743.75	$	223,046.25	
$	52,743.75	$	-	
$	50,073.75	$	222,817.50	
$	50,073.75	$	-	
$	47,292.50	$	222,366.25	
$	47,292.50	$	-	
$	44,400.00	$	221,692.50	
$	44,400.00	$	-	
$	41,278.13	$	220,678.13	
$	41,278.13	$	-	
$	37,925.00	$	224,203.13	
$	37,925.00	$	-	
$	34,456.25	$	222,381.25	
$	34,456.25	$	-	
$	30,871.88	$	220,328.13	
$	30,871.88	$	-	
$	27,056.25	$	222,928.13	
$	27,056.25	$	-	
$	23,009.38	$	225,065.63	
$	23,009.38	$	-	
$	18,846.88	$	221,856.25	
$	18,846.88	$	-	
$	14,453.13	$	223,300.00	
$	14,453.13	$	-	
$	9,828.13	$	224,281.25	
$	9,828.13	$	-	
$	4,971.88	$	224,800.00	
$	4,971.88	$	219,971.88	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

2,625,138.75	$

6,238,460.63

Proposed Budget
Series 2020 3D Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Revenues						
Assessments	$	399,925	$	392,610	$	7,315	$	399,925	$	399,925	
Interest	$	-	$	5,970	$	2,985	$	8,955	$	-	
Carry Forward Surplus	$	141,226	$	133,197	$	-	$	133,197	$	140,059	
Total Revenues	$	541,151	$	531,777	$	10,300	$	542,078	$	539,985	

Expenditures						
Interest - 11/1	$	126,431	$	126,431	$	-	$	126,431	$	124,528	
Interest - 5/1	$	126,431	$	-	$	126,431	$	126,431	$	124,528	
Principal - 5/1	$	145,000	$	-	$	145,000	$	145,000	$	150,000	
Total Expenditures	$	397,863	$	126,431	$	271,431	$	397,863	$	399,056	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(4,156)		$	(4,156)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(4,156)	$	-	$	(4,156)	$	-	
						
Excess Revenues/(Expenditures)	$	143,289	$	401,190	$	(261,131)	$	140,059	$	140,928	
				
Interest - 11/1/25	
$122,559	
Product Type	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	276	$399,925.41	$1,449.01	$1,558.07		
	276	$399,925.41				

11/01/24	$	6,660,000.00	$	
05/01/25	$	6,660,000.00	$	150	
11/01/25	$	6,510,000.00	$	
05/01/26	$	6,510,000.00	$	155	
11/01/26	$	6,355,000.00	$	
05/01/27	$	6,355,000.00	$	160	
11/01/27	$	6,195,000.00	$	
05/01/28	$	6,195,000.00	$	165	
11/01/28	$	6,030,000.00	$	
05/01/29	$	6,030,000.00	$	170	
11/01/29	$	5,860,000.00	$	
05/01/30	$	5,860,000.00	$	175	
11/01/30	$	5,685,000.00	$	
05/01/31	$	5,685,000.00	$	180	
11/01/31	$	5,505,000.00	$	
05/01/32	$	5,505,000.00	$	190	
11/01/32	$	5,315,000.00	$	
05/01/33	$	5,315,000.00	$	195	
11/01/33	$	5,120,000.00	$	
05/01/34	$	5,120,000.00	$	200	
11/01/34	$	4,920,000.00	$	
05/01/35	$	4,920,000.00	$	210	
11/01/35	$	4,710,000.00	$	
05/01/36	$	4,710,000.00	$	220	
11/01/36	$	4,490,000.00	$	
05/01/37	$	4,490,000.00	$	225	
11/01/37	$	4,265,000.00	$	
05/01/38	$	4,265,000.00	$	235	
11/01/38	$	4,030,000.00	$	
05/01/39	$	4,030,000.00	$	245	
11/01/39	$	3,785,000.00	$	
05/01/40	$	3,785,000.00	$	250	
11/01/40	$	3,535,000.00	$	
05/01/41	$	3,535,000.00	$	260	
11/01/41	$	3,275,000.00	$	
05/01/42	$	3,275,000.00	$	270	
11/01/42	$	3,005,000.00	$	
05/01/43	$	3,005,000.00	$	285	
11/01/43	$	2,720,000.00	$	
05/01/44	$	2,720,000.00	$	295	
11/01/44	$	2,425,000.00	$	
05/01/45	$	2,425,000.00	$	305	
11/01/45	$	2,120,000.00	$	
05/01/46	$	2,120,000.00	$	320	
11/01/46	$	1,800,000.00	$	
05/01/47	$	1,800,000.00	$	330	
11/01/47	$	1,470,000.00	$	
05/01/48	$	1,470,000.00	$	345	
11/01/48	$	1,125,000.00	$	
05/01/49	$	1,125,000.00	$	360	
11/01/49	$	765,000.00	$	
05/01/50	$	765,000.00	$	375	
11/1/50	$	390,000.00	$	
5/1/51	$	390,000.00	$	390	
			$	6,805	

Series 2020 Special Assessment Bonds 3D Amortization Schedule

Date	Balance	Principal	Interest	Total

$	124,528.13	$	395,959.38	
$	124,528.13	$	-	
$	122,559.38	$	397,087.50	
$	122,559.38	$	-	
$	120,137.50	$	397,696.88	
$	120,137.50	$	-	
$	117,637.50	$	397,775.00	
$	117,637.50	$	-	
$	115,059.38	$	397,696.88	
$	115,059.38	$	-	
$	112,403.13	$	397,462.50	
$	112,403.13	$	-	
$	109,668.75	$	397,071.88	
$	109,668.75	$	-	
$	106,406.25	$	396,075.00	
$	106,406.25	$	-	
$	102,962.50	$	399,368.75	
$	102,962.50	$	-	
$	99,428.13	$	397,390.63	
$	99,428.13	$	-	
$	95,803.13	$	395,231.25	
$	95,803.13	$	-	
$	91,996.88	$	397,800.00	
$	91,996.88	$	-	
$	88,009.38	$	400,006.25	
$	88,009.38	$	-	
$	83,931.25	$	396,940.63	
$	83,931.25	$	-	
$	79,671.88	$	398,603.13	
$	79,671.88	$	-	
$	75,231.25	$	399,903.13	
$	75,231.25	$	-	
$	70,700.00	$	395,931.25	
$	70,700.00	$	-	
$	65,500.00	$	396,200.00	
$	65,500.00	$	-	
$	60,100.00	$	395,600.00	
$	60,100.00	$	-	
$	54,400.00	$	399,500.00	
$	54,400.00	$	-	
$	48,500.00	$	397,900.00	
$	48,500.00	$	-	
$	42,400.00	$	395,900.00	
$	42,400.00	$	-	
$	36,000.00	$	398,400.00	
$	36,000.00	$	-	
$	29,400.00	$	395,400.00	
$	29,400.00	$	-	
$	22,500.00	$	396,900.00	
$	22,500.00	$	-	
$	15,300.00	$	397,800.00	
$	15,300.00	$	-	
$	7,800.00	$	398,100.00	
$	7,800.00	$	397,800.00	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00	$

4,448,931.25	$

11,527,265.63

Proposed Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2024	2/29/24	7 Months	9/30/24	FY 2025	

Revenues

Carry Forward Surplus	$	81,824	$	-	$	82,824	$	82,824	$	58,724	
Total Revenues	$	81,824	$	-	$	82,824	$	82,824	$	58,724	

Expenditures						
Miscellaneous Expense	$	-	$	100	$	25,000	$	25,100	$	-	
Hydraulic Lift (Pool)	$	-	$	-	$	-	$	-	$	10,100	
Total Expenditures	$	-	$	100	$	25,000	$	25,100	$	10,100	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	1,000	$	-	$	1,000	$	1,000	$	124,564	
Total Other Financing Sources/(Uses)	$	1,000	$	-	$	1,000	$	1,000	$	124,564	
						
Excess Revenues/(Expenditures)	$	82,824	$	(100)	$	58,824	$	58,724	$	173,188	

Section VI

Date	Estimate#	
3/19/2024	27936	

Estimate
FLORIDA PATIO FURNITURE INC.
506 8th Street West Palmetto,FL 34221

Towne Park CDD
Allen Bailey//407-460-4424 abailey@gmscfl.com
6200 Lee Vista Blvd. Suite 300
Orlando Fl. 32822

Name / Address

Towne Park
3334 Medulla Rd Lakeland, Fl. 3381 l
Allen Bailey//407-460-4424 abai1ey@gmscfl.com

Ship To

P.O. No.

Terms

Due Date

Rep

FOB

31924Allen

50%DN Bal C.O.D.

3/19/2024

Anna

Palmetto

Item

Quantity

Description
20 Resling Only Chaise Lounges, Replace All Glides and Necessary Hardware
l Repair Back Support Bar On Head Rest of Chaise Lounge Fabric: TBD

Cost

Total

Resting

138.00

2,760.00T

Repair

25.00

25.00T

Freight

Shipping Charge

150.00

150.00

Here is your requested Estimate.

Subtotal

$2,935.00

Sales Tax (0.0%)

$0.00

Total

$2,935.00

Phone#	Fax#	
941-722-5643	941-723-9223	

Section VII

Section C

Towne Park CDD
Field Management Report

April 2nd, 2023
Allen Bailey – Field Services Manager GMS

 There was a section of fence that blew out from the high wind.

We have added support to help prevent this from happening again.

c

Completed

Amenity One Fencing

Littoral Shelf Planting

	
The planting has come back healthy and we expect it will continue to spread along the bank. This will help prevent future erosion.

The work on the sump swale and been completed and has handled the last few rains properly.

 There were some unforeseen factors. We had a roughly 3 ft tall by 20+ ft long overgrown dirt berm that needed to be dug through and the distance to the creek was 42 ft where the original engineering plans had it at 25 ft.

Completed

Sump Swale

Review

Landscape

The district landscape has come back healthy in most areas.

We are monitoring a few trees for signs of late dormancy or death.

Ponds

 The district ponds are showing a good appearance as Spring has set in.

We will continue to monitor for unwanted vegetation.

4

Towne Park Field Management Report | GMS 2024

Traffic Signals

The traffic signals have been installed and are working to manage the flow of traffic on W Pipkin
Rd.

Site Item

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-460-4424, or by email at abailey@gmscfl.com. Thank you.

Respectfully, Allen Bailey

Section 1

Proposal # :334	Proposal

Governmental Management Services - CF	Maintenance Services Phone: 407-201-1514
Email:
Abailey@gmscfl.com	

Bill To/District
Towne Park CDD	Prepared By:
Governmental Management Services- CF, LLC
219 E. Livingston Street Orlando, FL 32801	
Towne Park Dog Waste Pick-Up Signs	
We will install 8 dog waste pick-up signs along Medulla Road.	

Qty	Description	Unit Price	Line Total	
8	Labor	$47.50	$380.00	
1	Mobilization	$65.00	$65.00	
	Equipment		$65.00	
	Materials		$775.00	

				
				
Total Due:	$1,285.00	
This Proposal is Valid for 30 days.

Client Signature: 	

GOVERNMENTAL MANAGEMENT SERVICES 2024 | Proposal

Section D

Section 1

Towne Park Community Development District

Summary of Check Register

February 24, 2024 to March 22, 2024

Fund	Date	Check No.'s	Amount

General Fund		
	3/7/24	755-757	$	9,456.63	
	3/15/24	758-771	$	257,135.29	
	3/22/24	772-774	$	21,029.00	
Total Amount	$	287,620.92	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/26/24	PAGE	1
*** CHECK DATES 02/24/2024 - 03/22/2024 ***	TOWNE PARK CDD GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/07/24 00085	2/26/24 107844	202402 320-53800-49000	*	3,720.79
REPAIR DOOR CONTROLLER
CURRENT DEMANDS	3,720.79 000755
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/24 00077	2/20/24 80308	202403 330-53800-47000	*	1,230.00
CLEANING MAR 24
E&A CLEANING CO	1,230.00 000756
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/07/24 00087	1/31/24 11609165 202401 330-53800-34500	*	2,252.92
SECURITY JAN 24
2/29/24 11640070 202402 330-53800-34500	*	2,252.92
SECURITY FEB 24
SECURITAS SECURITY SERVICES	4,505.84 000757
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00077	2/22/24 12117	202402 330-53800-47000	*	49.00
CLEANING SUPPLIES FEB 24
E&A CLEANING CO	49.00 000758
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00102	2/29/24 00062664 202402 310-51300-48000	*	201.18
NOT RULE DEV 2/29/24
GANNETT FLORIDA LOCALIQ	201.18 000759

3/15/24 00040	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	
	3/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
156	202403 310-51300-34000	*	3,754.17
MANAGEMENT FEES MAR 24
156	202403 310-51300-35200	*	100.00
WEBSITE ADMIN MAR 24
156	202403 310-51300-35100	*	150.00
INFORMATION TECH MAR 24
156	202403 310-51300-31300	*	833.33
DISSEMINATION SVC MAR 24
156	202403 330-57200-11000	*	750.00
AMENITY ACCESS MAR 24
156	202403 310-51300-51000	*	2.07
OFFICE SUPPLIES MAR 24
156	202403 310-51300-42000	*	75.51
POSTAGE MAR 24
156	202403 310-51300-42500	*	8.85
COPIES MAR 24
157	202403 320-53800-12000	*	1,750.00
FIELD MANAGEMENT MAR 24
GOVERNMENTAL MANAGEMENT SERVICES-	7,423.93 000760
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00080	3/05/24 GJ030520 202403 310-51300-11000	*	200.00
BOS MEETING 3/5/24
GREGORY M. JONES	200.00 000761
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TWPK TOWNE PARK CDD AGUZMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/26/24	PAGE	2
*** CHECK DATES 02/24/2024 - 03/22/2024 ***	TOWNE PARK CDD GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/15/24 00055	3/05/24 JT030520 202403 310-51300-11000	*	200.00
BOS MEETING 3/5/24
JENNIFER TIDWELL	200.00 000762
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00068	3/08/24 8978	202402 310-51300-31500	*	2,898.52
GENERAL COUNSEL FEB 24
KILINSKI/VAN WYK, PLLC	2,898.52 000763
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00030	2/16/24 18784-1	202402 320-53800-46100	*	190,519.53
RIGHT OF WAY REPAIRS
QGS DEVELOPMENT	190,519.53 000764
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00076	3/04/24 RES 21-1 202402 310-51300-31100	*	5,213.75 ENGINEER SVCS FEB 24
RAYL ENGINEERING & SURVEYING LLC	5,213.75 000765
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00071	3/01/24 22053	202403 330-53800-48000	*	3,500.00
POOL MAINTENANCE MAR 24
RESORT POOL SERVICES DBA	3,500.00 000766
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00091	3/05/24 RR030520 202403 310-51300-11000	*	200.00
BOS MEETING 3/5/24
ROGER RUNYAN	200.00 000767
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00024	3/01/24 164042B	202403 320-53800-46400	*	3,888.00 POND MAINTENANCE MAR 24
THE LAKE DOCTORS	3,888.00 000768
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00092	3/05/24 TZ030520 202403 310-51300-11000	*	200.00
BOS MEETING 3/5/24
THOMAS ZIMMERMAN	200.00 000769
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/24 00046	3/12/24 03122024 202403 300-20700-10000	*	2,738.24
ASSESSMENT TSFR S2016 2A
3/12/24 03122024 202403 300-20700-10000	*	3,193.90
ASSESSMENT TSFR S2018 2B
3/12/24 03122024 202403 300-20700-10000	*	12,868.53
ASSESSMENT TSFR S2018 3A
3/12/24 03122024 202403 300-20700-10000	*	8,231.84
ASSESSMENT TSFR S2019 3B
3/12/24 03122024 202403 300-20700-10000	*	5,527.81
ASSESSMENT TSFR S2019 3C
3/12/24 03122024 202403 300-20700-10000	*	9,802.56
ASSESSMENT TSFR S2020 3D
TOWNE PARK CDD	42,362.88 000770
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TWPK TOWNE PARK CDD AGUZMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	3/26/24	PAGE	3
*** CHECK DATES 02/24/2024 - 03/22/2024 ***	TOWNE PARK CDD GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/15/24 00064	3/14/24 03142024 202403 300-15500-10000	*	278.50
EQUIPMENT LEASE APR 24
WHFS, LLC	278.50 000771
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/22/24 00077	3/02/24 80373	202403 330-53800-47000	*	150.00
EVENT CLEAN UP 3/2/24
E&A CLEANING CO	150.00 000772
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/22/24 00040	1/31/24 158	202401 320-53800-47500	*	1,825.67
GENERAL MAINTENANCE JAN24
GOVERNMENTAL MANAGEMENT SERVICES-	1,825.67 000773
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/22/24 00082	3/01/24 11949	202403 320-53800-46200	*	19,053.33
LANDSCAPE MAINT MAR 24
PRINCE & SONS INC.	19,053.33 000774
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	287,620.92
TOTAL FOR REGISTER	287,620.92

TWPK TOWNE PARK CDD AGUZMAN

Section 2

Towne Park
Community Development District

Unaudited Financial Reporting
February 29, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund 	

4	
	Series 2016 - 2A Debt Service Fund	

5	
	Series 2018 - 2B Debt Service Fund	

6	
	Series 2018 - 3A Debt Service Fund	

7	
	Series 2019 - 3B Debt Service Fund	

8	
	Series 2019 - 3C Debt Service Fund	

9	
	Series 2020 - 3D Debt Service Fund	

10	
	Combined Capital Projects Funds	

11	
	Capital Reserve Fund	

12-13	
	Month to Month	

14	
	Assessment Receipt Schedule	

Towne Park
Community Development District Combined Balance Sheet February 29, 2024

General Fund

Debt Service Fund

Capital Projects Fund

Capital Reserve Fund

Totals Governmental Funds

Assets:
Cash:
Operating Account	

$	1,101,053	

$	-	

$	

-	

$	

-	

$	1,101,053	
Capital Projects Account	$	-	$	-	$	631	$	-	$	631	
Capital Reserve Account	$	-	$	-	$	-	$	81,724	$	81,724	
Investments: Series 2016 - 2A										
Reserve	$	-	$	111,063	$	-	$	-	$	111,063	
Revenue	$	-	$	130,514	$	-	$	-	$	130,514	
Prepayment	$	-	$	403	$	-	$	-	$	403	
Construction Series 2018 - 2B	$	-	$	-	$	0	$	-	$	0	
Reserve	$	-	$	60,400	$	-	$	-	$	60,400	
Revenue	$	-	$	166,595	$	-	$	-	$	166,595	
Prepayment	$	-	$	143	$	-	$	-	$	143	
General	$	-	$	0	$	-	$	-	$	0	
Construction	$	-	$	-	$	73	$	-	$	73	
Reserve	$	-	$	256,541	$	-	$	-	$	256,541	
Revenue	$	-	$	586,528	$	-	$	-	$	586,528	
Prepayment	$	-	$	14	3	$	-	$	-	$	143	
Series 2019 - 3B											
Reserve	$	-	$	167,922	$	-	$	-	$	167,922	
Revenue	$	-	$	376,673	$	-	$	-	$	376,673	
Construction	$	-	$	-	$	69,247	$	-	$	69,247	
Series 2019 - 3C											
Reserve	$	-	$	112,688	$	-	$	-	$	112,688	
Revenue	$	-	$	230,864	$	-	$	-	$	230,864	
Prepayment	$	-	$	133	$	-	$	-	$	133	
Construction Series 2020 - 3D	$	-	$	-	$	0	$	-	$	0	
Reserve	$	-	$	200,003	$	-	$	-	$	200,003	
Revenue	$	-	$	396,273	$	-	$	-	$	396,273	
Construction	$	-	$	-	$	9,941	$	-	$	9,941	
Deposits	$	4,500	$	-	$	-	$	-	$	4,500	
Due from General Fund	$	-	$	55,991	$	-	$	-	$	55,991	
Prepaid Expenses	$	2,299	$	-	$	-	$	-	$	2,299	
Total Assets	$	1,107,851	$	2,852,875	$	79,892	$	81,724	$	4,122,343	
Liabilities:
Accounts Payable	$	207,109	
$	
-	$	
-	$	
-	$	207,109	
Due to Debt Service	$	55,991	$	-	$	-	$	-	$	55,991	
Total Liabilites	$	263,100	$	-	$	-	$	-	$	263,100	
Fund Balance:
Nonspendable:
Prepaid Items	$	2,299	

$	

-	$	

-	$	

-	$	2,299	
Restricted for:												
Debt Service - Series 2016 - 2A	$	-	$	245,599	$	-	$	-	$	245,599	
Debt Service - Series 2018 - 2B	$	-	$	231,359	$	-	$	-	$	231,359	
Debt Service - Series 2018 - 3A	$	-	$	860,220	$	-	$	-	$	860,220	
Debt Service - Series 2019 - 3B	$	-	$	555,474	$	-	$	-	$	555,474	
Debt Service - Series 2019 - 3C	$	-	$	350,990	$	-	$	-	$	350,990	
Debt Service - Series 2020 - 3D	$	-	$	609,233	$	-	$	-	$	609,233	
Capital Projects	$	-	$	-	$	79,892	$	-	$	79,892	
Assigned for:
Capital Reserves	$	-	
$	-	$	-	
$	81,724	
$	81,724	
Unassigned	$	842,453	$	-	$	-	$	-	$	842,453	
Total Fund Balances	$	844,751	$	2,852,875	$	79,892	$	81,724	$	3,859,243	
						
Total Liabilities & Fund Balance	$	1,107,851	$	2,852,875	$	79,892	$	81,724	$	4,122,343	

Series 2018 - 3A

Revenues:		
Assessments - Tax Roll	$	1,024,144	$	1,005,413	$	1,005,413	$	-	
Other Income	$	2,400	$	2,400	$	81,761	$	79,361	
Total Revenues	$	1,026,544	$	1,007,813	$	1,087,173	$	79,361	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	5,000	$	3,800	$	1,200	
Engineering Fees	$	15,000	$	6,250	$	9,065	$	(2,815)	
Attorney	$	40,000	$	16,667	$	17,953	$	(1,287)	
Annual Audit	$	4,100	$	-	$	-	$	-	
Assessment Roll Services	$	5,000	$	5,000	$	5,000	$	-	
Reamortization Schedules	$	625	$	-	$	-	$	-	
Dissemination	$	10,000	$	4,167	$	4,167	$	-	
Trustee Fees	$	23,867	$	23,867	$	20,594	$	3,273	
Management Fees	$	45,050	$	18,771	$	18,771	$	-	
Information Technology	$	1,800	$	750	$	750	$	-	
Website Maintenance	$	1,200	$	500	$	500	$	-	
Postage & Delivery	$	1,300	$	542	$	671	$	(129)	
Insurance	$	6,985	$	6,985	$	6,572	$	413	
Printing & Binding	$	500	$	208	$	19	$	189	
Legal Advertising	$	3,500	$	1,458	$	910	$	548	
Other Current Charges	$	4,000	$	1,667	$	200	$	1,467	
Office Supplies	$	200	$	83	$	5	$	79	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	175,302	$	92,089	$	89,151	$	2,939	

Operations & Maintenance		
Field Expenditures
Property Insurance	
$	30,401	
$	30,401	
$	30,111	
$	290	
Field Management	$	21,000	$	8,750	$	8,750	$	-	
Landscape Maintenance	$	263,665	$	109,860	$	95,267	$	14,594	
Landscape Enhancements/Replacement	$	35,000	$	14,583	$	-	$	14,583	
Pond Maintenance	$	46,656	$	19,440	$	19,440	$	-	
Electric	$	5,400	$	2,250	$	1,272	$	978	
Water & Sewer	$	1,100	$	458	$	299	$	159	
Irrigation Repairs	$	12,500	$	5,208	$	2,583	$	2,625	
Right Of Way Repairs	$	180,000	$	180,000	$	190,520	$	(10,520)	
General Repairs & Maintenance	$	15,000	$	6,250	$	-	$	6,250	
Contingency	$	14,343	$	5,976	$	11,839	$	(5,863)	
Subtotal Field Expenditures	$	625,065	$	383,177	$	360,080	$	23,097	

Amenity Expenditures
Electric	

$	26,400	

$	11,000	

$	7,280	

$	3,720	
Water	$	8,400	$	3,500	$	3,552	$	(52)	
Internet & Phone	$	3,200	$	1,333	$	1,090	$	244	
Playground & Equipment Lease	$	26,935	$	11,223	$	10,324	$	899	
Pool Service Contract	$	42,000	$	17,500	$	17,500	$	-	
Pool Furniture Repair & Replacement	$	6,000	$	2,500	$	-	$	2,500	
Janitorial Services	$	22,500	$	9,375	$	8,468	$	907	
Security Services	$	43,000	$	17,917	$	11,857	$	6,060	
Pest Control	$	3,400	$	1,417	$	915	$	502	
Amenity Access Management	$	9,000	$	3,750	$	4,455	$	(705)	
Amenity Repair & Maintenance	$	20,000	$	8,333	$	4,956	$	3,377	
Contingency	$	14,343	$	5,976	$	4,421	$	1,555	
Subtotal Amenity Expenditures	$	225,177	$	93,824	$	74,818	$	19,006	
					
Total Operations & Maintenance	$	850,242	$	477,001	$	434,898	$	42,103	
					
Total Expenditures	$	1,025,544	$	569,091	$	524,049	$	45,042	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,000		$	563,124		

Other Financing Sources/(Uses):					
Transfer In/(Out) - Capital Reserve	$	(1,000)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(1,000)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-		$	563,124		
					
Fund Balance - Beginning	$	-		$	281,627		
					
Fund Balance - Ending	$	-		$	844,751		

Revenues:					
Assessments - Tax Roll	$	111,715	$	109,671	$	109,671	$	-	
Interest	$	-	$	-	$	3,727	$	3,727	
Total Revenues	$	111,715	$	109,671	$	113,398	$	3,727	

Expenditures:					
Interest - 11/1	$	39,481	$	39,481	$	39,481	$	-	
Principal - 11/1	$	30,000	$	30,000	$	30,000	$	-	
Interest - 5/1	$	38,731	$	-	$	-	$	-	
Total Expenditures	$	108,213	$	69,481	$	69,481	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,502		$	43,917		
					
Fund Balance - Beginning	$	88,973		$	201,681		
					
Fund Balance - Ending	$	92,475		$	245,599		

Revenues:					
Assessments - Tax Roll	$	130,304	$	127,920	$	127,920	$	-	
Interest	$	-	$	-	$	2,630	$	2,630	
Total Revenues	$	130,304	$	127,920	$	130,551	$	2,630	

Expenditures:					
Interest - 11/1	$	44,647	$	44,647	$	44,647	$	-	
Principal - 5/1	$	30,000	$	-	$	-	$	-	
Interest - 5/1	$	44,647	$	-	$	-	$	-	
Total Expenditures	$	119,294	$	44,647	$	44,647	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	11,010		$	85,904		
					
Fund Balance - Beginning	$	84,005		$	145,456		
					
Fund Balance - Ending	$	95,015		$	231,359		

Revenues:					
Assessments - Tax Roll	$	525,011	$	515,408	$	515,408	$	-	
Interest	$	-	$	-	$	9,220	$	9,220	
Total Revenues	$	525,011	$	515,408	$	524,628	$	9,220	

Expenditures:					
Interest - 11/1	$	191,825	$	191,825	$	191,825	$	-	
Principal - 5/1	$	130,000	$	-	$	-	$	-	
Interest - 5/1	$	191,825	$	-	$	-	$	-	
Total Expenditures	$	513,650	$	191,825	$	191,825	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	11,361		$	332,803		
					
Fund Balance - Beginning	$	267,050		$	527,417		
					
Fund Balance - Ending	$	278,411		$	860,220		

Revenues:					
Assessments - Tax Roll	$	335,844	$	329,701	$	329,701	$	-	
Interest	$	-	$	-	$	5,945	$	5,945	
Total Revenues	$	335,844	$	329,701	$	335,645	$	5,945	

Expenditures:					
Interest - 11/1	$	115,409	$	115,409	$	115,409	$	-	
Principal - 5/1	$	105,000	$	-	$	-	$	-	
Interest - 5/1	$	115,409	$	-	$	-	$	-	
Total Expenditures	$	335,819	$	115,409	$	115,409	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	25		$	220,236		
					
Fund Balance - Beginning	$	164,779		$	335,238		
					
Fund Balance - Ending	$	164,804		$	555,474		

Revenues:					
Assessments - Tax Roll	$	225,524	$	221,399	$	221,399	$	-	
Interest	$	-	$	-	$	3,537	$	3,537	
Total Revenues	$	225,524	$	221,399	$	224,936	$	3,537	

Expenditures:					
Interest - 11/1	$	77,053	$	77,053	$	77,053	$	-	
Principal - 5/1	$	70,000	$	-	$	-	$	-	
Interest - 5/1	$	77,053	$	-	$	-	$	-	
Total Expenditures	$	224,106	$	77,053	$	77,053	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,418		$	147,883		
					
Fund Balance - Beginning	$	88,964		$	203,107		
					
Fund Balance - Ending	$	90,382		$	350,990		

Revenues:					
Assessments - Tax Roll	$	399,925	$	392,610	$	392,610	$	-	
Interest	$	-	$	-	$	5,970	$	5,970	
Total Revenues	$	399,925	$	392,610	$	398,580	$	5,970	

Expenditures:					
Interest - 11/1	$	126,431	$	126,431	$	126,431	$	-	
Principal - 5/1	$	145,000	$	-	$	-	$	-	
Interest - 5/1	$	126,431	$	-	$	-	$	-	
Total Expenditures	$	397,863	$	126,431	$	126,431	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,063		$	272,149		

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(4,156)	$	(4,156)	
Net Change in Fund Balance	$	2,063		$	267,993		
					
Fund Balance - Beginning	$	141,226		$	341,240		
					
Fund Balance - Ending	$	143,289		$	609,233		

Towne Park
Community Development District Capital Projects Funds
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 29, 2024

	Series	Series	Series	Series	Series	Series		
	2016 - 2A	2018 - 2B	2018 - 3A	2019 - 3B	2019 - 3C	2020 - 3D	Total	

Revenues								
Interest	$	-	$	2	$	-	$	1,495	$	-	$	153	$	1,649	
Total Revenues	$	-	$	2	$	-	$	1,495	$	-	$	153	$	1,649	

Expenditures:								
Capital Outlay	$	-	$	-	$	-	$	868	$	-	$	-	$	868	
Miscellaneous	$	-	$	-	$	-	$	-	$	192	$	-	$	192	
Total Expenditures	$	-	$	-	$	-	$	868	$	192	$	-	$	1,060	
								
Excess (Deficiency) of Revenues over Expenditures	$	-	$	2	$	-	$	627	$	(192)	$	153	$	590	

Other Financing Sources/(Uses)								
Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	$	4,156	$	4,156	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	$	-	$	4,156	$	4,156	
								
Net Change in Fund Balance	$	-	$	2	$	-	$	627	$	(192)	$	4,309	$	4,746	
								
Fund Balance - Beginning	$	0	$	71	$	-	$	68,620	$	823	$	5,632	$	75,146	
								
Fund Balance - Ending	$	0	$	73	$	-	$	69,247	$	631	$	9,941	$	79,892	

Towne Park
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 29, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 02/29/24	Thru 02/29/24		Variance		
Revenues:						
Interest	$	-	$	-	$	-	$		-	
Total Revenues	$	-	$	-	$	-	$		-	

Expenditures:

Miscellaneous Expense	

$	-	

$	-	$	100	

$		

-	
Total Expenditures	$	-	$	-	$	100	$		-	
						
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(100)	$		-	

Other Financing Sources/(Uses):						
Transfer In/(Out)	$	1,000	$	-	$	-	$		-	
Total Other Financing Sources/(Uses)	$	1,000	$	-	$	-	$		-	
						
Net Change in Fund Balance	$	1,000	$	(100)				
						
Fund Balance - Beginning	$	81,824	$	81,824				
						
Fund Balance - Ending	$	82,824	$	81,724				

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:															
Assessments - Tax Roll	$	(11,012)  $	34,946  $	937,288  $	36,115	$	8,076	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,005,413	
Other Income	$	870	$	30	$	1,030	$	1,500	$	78,331	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	81,761	
Total Revenues	$	(10,142)	$	34,976	$	938,318	$	37,615	$	86,406	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  1,087,173	

Expenditures:							
General & Administrative:							
Supervisor Fees	$	1,000	$	1,000	$	800	$	-	$	1,000	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,800	
Engineering Fees	$	2,461	$	301	$	301	$	788	$	5,214	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	9,065	
Attorney	$	4,862	$	3,068	$	4,225	$	2,900	$	2,899	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	17,953	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Roll Services	$	5,000	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,000	
Reamortization Schedules	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	833	$	833	$	833	$	833	$	833	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,167	
Trustee Fees	$	14,533	$	-	$	-	$	6,061	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	20,594	
Management Fees	$	3,754	$	3,754	$	3,754	$	3,754	$	3,754	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	18,771	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	750	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	500	
Postage & Delivery	$	27	$	23	$	74	$	506	$	40	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	671	
Insurance	$	6,572	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6,572	
Printing & Binding	$	2	$	3	$	5	$	9	$	1	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	19	
Legal Advertising	$	455	$	-	$	254	$	-	$	201	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	910	
Other Current Charges	$	40	$	40	$	40	$	39	$	42	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	200	
Office Supplies	$	1	$	1	$	1	$	1	$	1	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	39,966	$	9,274	$	10,537	$	15,139	$	14,235	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	89,151	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance
Landscape Enhancements/Replacement Pond Maintenance
Electric
Water & Sewer Irrigation Repairs Right Of Way Repairs
General Repairs & Maintenance Contingency

$	30,111  $
$	1,750  $
$	19,053  $
$	-  $
$	3,888  $
$	208  $
$	60  $
$	-  $
$	-  $
$	-  $
$	11,839  $

-  $
1,750  $
19,053  $
-  $
3,888  $
115  $
61  $
426  $
-  $
-  $
-  $

-  $
1,750  $
19,053  $
-  $
3,888  $
295  $
61  $
1,813  $
-  $
-  $
-  $

-  $
1,750  $
19,053  $
-  $
3,888  $
266  $
60  $
344  $
-  $
-  $
-  $

-  $
1,750  $
19,053  $
-  $
3,888  $
387  $
57  $
-  $
190,520  $
-  $
-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	30,111
-  $	8,750
-  $	95,267
-  $	-
-  $	19,440
-  $	1,272
-  $	299
-  $	2,583
-  $	190,520
-  $	-
-  $	11,839

Subtotal Field Expenditures	$	66,910  $	25,293  $	26,861  $	25,362  $	215,655  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	360,080

Amenity Expenditures
Electric Water
Internet & Phone
Playground & Equipment Lease Pool Service Contract
Pool Furniture Repair & Replacement Janitorial Services
Security Services Pest Control
Amenity Access Management Amenity Repair & Maintenance Contingency

$	1,624  $
$	831  $
$	218  $
$	2,065  $
$	3,500  $
$	-  $
$	1,550  $
$	2,414  $
$	240  $
$	750  $
$	3,955  $
$	-  $

1,554  $
801  $
218  $
2,065  $
3,500  $
-  $
1,580  $
2,253  $
370  $
1,455  $
501  $
3,241  $

1,429  $
697  $
218  $
2,065  $
3,500  $
-  $
2,329  $
2,684  $
120  $
750  $
330  $
1,181  $

2,142  $
1,050  $
218  $
2,065  $
3,500  $
-  $
1,429  $
2,253  $
-  $
750  $
170  $
-  $

532  $
174  $
218  $
2,065  $
3,500  $
-  $
1,579  $
2,253  $
185  $
750  $
-  $
-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	7,280
-  $	3,552
-  $	1,090
-  $	10,324
-  $	17,500
-  $	-
-  $	8,468
-  $	11,857
-  $	915
-  $	4,455
-  $	4,956
-  $	4,421

Other Financing Sources/Uses:

Transfer In/(Out)

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(134,165)  $	(17,128)  $	885,618  $	(16,463)  $	(154,738)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	563,124

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Excess (Deficiency) of Revenues over Expenditures	$	(134,165)  $	(17,128)  $	885,618  $	(16,463)  $	(154,738)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	563,124

Total Expenditures	$	124,023  $	52,104  $	52,700  $	54,078  $	241,144  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	524,049

Total Operations & Maintenance	$	84,057  $	42,830  $	42,163  $	38,939  $	226,910  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	434,898

Subtotal Amenity Expenditures	$	17,148  $	17,538  $	15,302  $	13,576  $	11,255  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	74,818

COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

Gross Assessments $ 1,101,231.50  $	120,123.23	$  140,111.40	$  564,528.08	$  361,122.13	$  242,499.36	$  430,027.32	$ 2,959,643.02	
Net Assessments  $ 1,024,145.30  $	111,714.60	$  130,303.60	$  525,011.11	$  335,843.58	$  225,524.40	$  399,925.41	$ 2,752,468.01	

ON ROLL ASSESSMENTS

37.21%	4.06%	4.73%	19.07%	12.20%	8.19%	14.53%	100.00%

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
O&M Portion	2016 2-A Debt
Service	Series 2018 2-B Service	Series 2018 3-A Service	Series 2019 3-B Service	Series 2019 3-C Service	Series 2020 3-D Service	
Total	

10/19/23	
1% Fee	
($29,596.43)	
$0.00	
$0.00	
$0.00	
($29,596.43)	
($11,012.31)	
($1,201.23)	
($1,401.11)	
($5,645.28)	
($3,611.23)	
($2,425.00)	
($4,300.27)	
($29,596.43)	
11/10/23	10/13-10/14/23	$850.89	($19.14)	($16.64)	$0.00	$815.11	$303.29	$33.08	$38.59	$155.48	$99.46	$66.78	$118.43	$815.11	
11/14/23	10/1-10/31/23	$3,319.28	($132.79)	($63.73)	$0.00	$3,122.76	$1,161.92	$126.74	$147.83	$595.64	$381.02	$255.88	$453.73	$3,122.76	
11/17/23	11/1-11/5/23	$44,059.13	($1,762.32)	($845.94)	$0.00	$41,450.87	$15,423.15	$1,682.37	$1,962.31	$7,906.42	$5,057.65	$3,396.28	$6,022.69	$41,450.87	
11/24/23	11/6-11/12/23	$51,584.73	($2,063.44)	($990.43)	$0.00	$48,530.86	$18,057.48	$1,969.73	$2,297.48	$9,256.87	$5,921.51	$3,976.40	$7,051.39	$48,530.86	
12/09/23	11/13-11/22/23	$222,430.45	($8,897.15)	($4,270.67)	$0.00	$209,262.63	$77,862.97	$8,493.36	$9,906.63	$39,915.16	$25,533.27	$17,146.00	$30,405.24	$209,262.63	
12/21/23	11/23-11/30/23	$2,434,115.29	($97,365.58)	($46,734.99)	$0.00	$2,290,014.72	$852,074.50	$92,944.98	$108,410.77	$436,801.87	$279,417.14	$187,633.14	$332,732.32	$2,290,014.72	
12/29/23	12/01-12/15/23	$20,909.24	($750.36)	($403.18)	$0.00	$19,755.70	$7,350.75	$801.83	$935.25	$3,768.24	$2,410.50	$1,618.69	$2,870.44	$19,755.70	
01/10/24	12/16-12/31/23	$95,397.30	($3,616.31)	($1,835.62)	$0.00	$89,945.37	$33,467.10	$3,650.62	$4,258.08	$17,156.36	$10,974.72	$7,369.70	$13,068.79	$89,945.37	
01/16/24	10/01-12/31/23	$0.00	$0.00	$0.00	$7,116.72	$7,116.72	$2,647.99	$288.85	$336.92	$1,357.46	$868.35	$583.11	$1,034.04	$7,116.72	
02/09/24	01/01/-01/31/24	$22,634.61	($487.45)	($442.94)	$0.00	$21,704.22	$8,075.76	$880.91	$1,027.49	$4,139.91	$2,648.25	$1,778.34	$3,153.56	$21,704.22	
	TOTAL	$	2,895,300.92	$	(115,094.54)	$	(55,604.14)	$	7,116.72	$ 2,731,718.96	$ 1,005,412.60	$  109,671.24	$  127,920.24	$  515,408.13	$  329,700.64	$  221,399.32	$  392,610.36	$ 2,702,122.53	

$

99%
20,749.05

Net Percent Collected Balance Remaining to Collect