Myrtle Creek Improvement District
12051 Corporate Boulevard Orlando, FL 32817; 407-382-3256 www. myrllecreekid. org

The following is the proposed agenda for the Meeting of the Board of Supervisors for the My1ile Creek Improvement District ("District"), scheduled to be held at 4:30 p.m. on Tuesday, October 17, 2017 at 6900 Tavistock Lakes Blvd, Suite 200, Orlando, Florida 32827. A quorum will be confirmed prior to the staii of the meeting.
For those unable to attend in person, you may participate by telephone: Phone: 1-877-864-6450	Paiiicipant Code: 933751

BOARD OF SUPERVISORS' MEETING AGENDA
Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
1. Consideration of the Minutes of the September 25, 2017 Board of Supervisors' Meeting
Consideration of Resolution 2018-01, Election of Officers
Business Matters
Ratification of Requisition No. 471 Approved in September 2017 in an amount totaling $1,316.25
Ratification of Operation and Maintenance Expenditures Paid in September 2017 in an amount totaling $64,625.60
Recommendation of Work Authorization/Proposed Services (ifapplicable)
Review of District's Financial Position and Budget to Actual YTD
Other Business
Staff Rep01is
District Counsel
District Manager
District Engineer
Construction Supervisor
Audience Comments, Supervisor Requests
Adjournment

MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes of the September 25, 2017 Board of Supervisors' Meeting

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS' MEETING MINUTES
FIRST ORDER OF BUSINESS

The Board of Supervisors' Meeting for the Myrtle Creek Improvement District was called to order on Monday, September 25, 2017 at 4:36 p.m. at 6900 Tavistock Lakes Blvd., Suite 200, Orlando, FL 32827. Board Members listed below constituted a quorum.

JeffMacre Bob Da Silva Kyle Scholl

Also present were:

Joe MacLaren Jennifer Walden Tucker Mackie John Florio Larry Kaufmann

SECOND ORDER OF BUSINESS

Chair
Board Member Board Member

Fishkind & Associates Fishkind & Associates
Hopping Green & Sams	(via phone) Donald W. McIntosh Associates (via phone) District Construction Supervisor (via phone)

Public Comment Period

Mr. MacLaren noted that there were no public comments at this time.

THIRD ORDER OF BUSINESS		Consideration of the Minutes of the July 18, 2017 Board of Supervisors' Meeting

Board Members reviewed the minutes from the July 18, 2017 Board of Supervisors' Meeting. Mr. Florio provided edits.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the July 18, 2017 Board of Supervisors' Meeting, as amended.

1

FOURTH ORDER OF BUSINESS		Consideration of Resolution 2017-06,	Amending Resolution 2017-05 to Re­ schedule the Public Hearing on the Adoption ofthe Fiscal Year 2018 Budget

Mr. MacLaren explained that this is an administrative matter in which the Board sets the date of the public hearing and the District needed in light of Hurricane Irma to reset it from August 15, 2017 to today.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2017-06, Amending Resolution 2017-05 to Re-schedule the Public Hearing on the Adoption of the Fiscal Year 2018 Budget to September 25, 2017.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2017-07, Approving an Annual Meeting Schedule for Fiscal Year 2017-2018

Mr. MacLaren proposed that the District keep the same meeting schedule which is the 3rd Tuesday of each month at 4:30 p.m. at this location.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2017-07, Approving an Annual Meeting Schedule for Fiscal Year 2017-2018.

SIXTH ORDER OF BUSINESS

Public Hearing on the Adoption of the District's Annual Budget

2

Public Comments and Testimony
Board Comments

Consideration Resolution

of 2017-08,

Adopting Year 2018

the	Fiscal Budget and

Appropriating Funds

Mr. MacLaren explained that the District advertised a public hearing on the budget and recommended a motion from the Board to open the public hearing.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District opened the Public Hearing.

Mr. MacLaren stated that the proposed O&M budget has not changed since it was last presented to the Board and is attached to Resolution 2017-08 as Exhibit A. Also included is the Debt Service Budget which reflects the lower debt service amounts required under the District' s refunding bonds that were issued in 2016. Mr. MacLaren proposed that assessments fund $492,716.16 of the District' s budget and he called for comments from the public. Mr. Macre stated that the overall damage to the District from the storm seemed to be minimal and asked if the light posts are covered by OUC. Mr. Kaufmann stated that OUC covers the maintenance and damage from storms for the light posts. Mr. MacLaren recommended a motion to close the public hearing on the budget.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the My1ile Creek Improvement District closed the Public Hearing.

Mr. MacLaren requested approval of Resolution 2017-08.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the My1ile Creek Improvement District approved Resolution 2017-08, Adopting the Fiscal Year 2018 Budget and Appropriating Funds.

3

SEVENTH ORDER OF BUSINESS		Consideration of Resolution 2017-09, Adopting an Assessment Roll for Fiscal Year 2018 and Certifying Special Assessments for Collection

Mr. MacLaren explained that the total assessments are the exact same as last year so all the units within Village Walk and the Enclave will be assessed the same. Mr. Macre asked if the District factors in yearly expenses and asked if the District has started to factor some future repairs in yet. Mr. MacLaren noted that the District has an un-earmarked Capital Reserve but it might be a good idea for the District to consider making sure that they are saving enough. Ms. Walden noted that last year there were items specifically broken out which included $40,000.00 for trail benches and
$100,000.00 for crosswalk improvements. She added that this year those items were moved as a total sum to the Hardscape Improvements line so that it can be used for different items that are needed instead of being earmarked for only those specific listed items. Mr. Kaufmann reminded the Board that any damage from the storm on hardscape may be covered in the insurance policy. Mr. Da Silva asked what the deductible is. Mr. MacLaren said it is high and he asked Mr. Reed to see if any of those hardscape items had damage. He noted that Mr. Reed reported back that he did not see any damage to the hardscaping. The District is doing another survey of the hardscaping again to ensure that everything is covered. Mr. Macre mentioned the lighting up across the bridge may have some damage. Mr. Da Silva stated that it seems like some of the lights on the bridge are damaged but it is a different District' s responsibility to maintain it. Mr. MacLaren asked if there were monuments in Myrtle Creek. Mr. Da Silva said that there is one outside of Wate1mark and one at the far end as people come in offNarcoossee. Mr. MacLaren will check that the District has insurance on those and he said he is not sure if the low walls in the median need to be insured or not and will double check and repmi back to the Board.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the My1ile Creek Improvement District approved Resolution 2017-09, Adopting an Assessment Roll for Fiscal Year 2018 and Certifying Special Assessments for Collection.

EIGHTH ORDER OF BUSINESS

Ratification of Requisition Nos. 463 - 466 Approved in July 2017 in an amount totaling $3,151.73 and Requisition Nos. 467 - 470

4

Approved in August in an amount totaling $1,724.91

Board Members reviewed Requisition Nos. 463 -466 Approved in July 2017 in an amount totaling
$3,151.73 and Requisition Nos. 467 -470 approved in August in an amount totaling $1,724.91.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified Requisition Nos. 463 -466 Approved in July 2017 in an amount totaling $3,151.73 and Requisition Nos. 467 -470 Approved in August in an amount totaling $1,724.91.

NINTH ORDER OF BUSINESS	Ratification of Operation and	Maintenance Expenditures Paid in July 2017 in an amount totaling
$23,351.92 and in August 2017 in an amount totaling
$38,350.40

Board Members reviewed the Operation and Maintenance Expenditures paid in July 2017 in an amount totaling $23,351.92 and in August 2017 in an amount totaling $38,350.40. Mr. Macre asked about the web hosting company. Ms. Walden explained that the email addresses will stay the same but the District needs to do an update and switch the hosting.

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the Board of Supervisors for the My1ile Creek Improvement District ratified the Operation and Maintenance Expenditures Paid in July 2017 in an amount totaling $23,351.92 and in August 2017 in an amount totaling
$38,350.40.

TENTH ORDER OF BUSINESS

There were none at this time.

Recommended	Work Authorization/proposed Services

5

Mr. Da Silva stated that he noticed the crosswalk sign between the East Village Walk entrance and the Enclave appeared to have sustained wind damage from the storm. Since the sign was loose he suggested that the District Engineer take a look at it and make sure it gets repaired.

ELEVENTH ORDER OF BUSINESS		Review of District's Financial Position and Budget to Actual YTD

Board Members reviewed the Statement of Financial Position and Budget to Actual through today' s date. Mr. MacLaren stated that through the end of August the District had incurred
$484,000.00 in actual expenses vs. a budget of $664,000.00. The District is under budget at this point in the fiscal year. There was no action required.

TWELFTH ORDER OF BUSINESS	Staff Reports

District Counsel - District Manager - District Engineer -

No Repmi No Repmi
Mr. Florio explained that he thinks that the District solved the issue with the City of Orlando on the RRFB, however, the hurricane activities put the City' s follow-up behind but Mr. Florio will work through that.

Mr. Florio previously spoke with the Expressway Authority and went over some options and they said that they were willing to ente1iain the idea of signal ahead signs along the route but have asked Mr. Florio to put together a sketch to show them, which he is working on now. He explained that there is still hope the District can get something done on the ramps. A discussion took place about the type of signs and Mr. Florio said he will work through it and let the Board know. Mr. Kaufmann noted that the District may have someone go out and look at the landscaping around that intersection to see if anything needs trimmed to provide better visibility.

Construction Supervisor - No Repmi

6

THIRTEENTH ORDER OF BUSINESS

There was no further business to discuss.

Supervisor Requests, Audience Comments & Adjournment

On Motion by Mr. Scholl, second by Mr. Da Silva, with all in favor, the September 25, 2017 Meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	ChairNice Chair

7

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2018-01, Election of Officers

RESOLUTION 2018-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the MYRTLE CREEK IMPROVEMENT DISTRICT (hereinafter the "District") is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, the Board of Supervisors of the District desires to elect the Officers of the District.
NOW,	THEREFORE,	BE	IT	RESOLVED	BY	THE	BOARD	OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT:

Section 1. Section 2.

-	--	-

--	-

is elected Chair.
is elected Vice Chair.

Section 3.

Section 4. Section 5.

___
_	_	 	
_	_	 	

---	--
-	-	-

_ is elected Secretary.
_ is elected Assistant Secretary. is elected Assistant Secretary. is elected Assistant Secretary. is elected Assistant Secretary.
is elected Treasurer.
is elected as Assistant Treasurer.

Section 6. Section 7.

All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent ofsuch conflict.
This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 17th DAY of OCTOBER, 2017.
MYRTLE CREEK IMPROVEMENT

ATTEST:

Secretary/Assistant Secretary

DISTRICT

Chair/Vice-Chair

MYRTLE CREEK IMPROVEMENT DISTRICT

Ratification of Requisition
Nos. 471 Approved in September 2017 in an amount totaling $1,316.25

MYRTLE CREEK IMPROVEMENT DISTRICT

DISTRICT OFFICE• 12051 CORPORATE BLVD• ORLANDO, FL 32817 PHONE: (407) 382-3256• FAX: (407) 382-3254

Requisition Recap For Board Approval

Attached please find the listing of requisitions approved to be paid from bond funds from September 1, 2017 through September 30, 2017. This does not include requisitions previously approved by the Board.

REQUISITION NO.
471

PAYEE
Donald W. McIntosh Associates, Inc.

AMOUNT
$1,316.25
$1,316�25

ADDRESS:
ITEM

PDAAYTEE: :

DSeopntaelmd bWer. 1M, c2I0n1t7osh Associates, Inc.

SPECIAL ASSESSESRMEIESNT20R1E6VENUE BOND

2W20in0tePraPrkarAk,vFenLu3e2N78019th·

Fund: Acquisition/Construction

AREMQOUUINSITTIDOUNEN: $O1.,341761.25

Invoice 33994 for Project 23217 (Lake Nona Myrtle Creek) Through 08/11/2017 - $1,316.25

MYRTLERECQRUEIESKITIIOMNPRFOORVEPAMYEMENTNDTISTRICT

The undersigned, an Authorized Officer of Myrtle Creek Improvement District (the "District") hereby submits the following requisition for disbursement under and pursuant to the te1ms of the Master Trust Indenture from the District to U.S. Bank National Association, as trustee (the "Trustee"), dated as of December 1, 2006 (the "Master Indenture"), as amended and supplemented by the Second Supplemental Indenture from the District to the Trustee, dated as of December 1, 2006 (the Master Indenture as amended and supplemented is hereinafter referred to as the "Indenture") (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):

The undersigned hereby certifies that obligations in the stated amount set forth above have been incurred by the District, that each disbursement set forth above is a proper charge against the 2016 Acquisition and Construction Account and the subaccount, if any, referenced above, that each disbursement set forth above was incurred in connection with the acquisition and the construction of the 2016 Project and each represents a Cost of the 2016 Project, and has not previously been paid.

The undersigned hereby further certifies that there has not been filed with or seryed upon the District notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.

The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage, which the District is at the date ofsuch certificate entitled to retain.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, there shall be attached a certificate signed by .the Consulting Engineers certifying approval of this requisition which must state that this disbursement is for a Cost of the 2016 Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the 2016 Project with respect to which such disbursement is being made; and, (iii) the report of the Consulting Engineer attached as an Exhibit A to the Second Supplemental Indenture, as such report shall have been amended or modified on the date hereof.

If this requisition is for a disbursement from other than the Costs of Issuance subaccount, it is hereby represented by the undersigned that the Governing Body of the District has approved this requisition or has approved the specific contract with respect to which disbursements pursuant to this requisition are due and payable.

�,V.»k•,;,�;;a-,.L·�.'"-"7�� KL�mLrnICT

Attached hereto are photocopies of the invoice(s) from the vendor of the property acquired or services rendered with respect to

which disbursement is hereby requested.

�,1-_!At:i IbRMAel4-N 01 VIC� CfM;l:R:lffl!t{	/fJ.f-/�   t:"6-.

AND CAPITALIZED INTEREST REQUEST ONLY

CONSULTING ENGINEER'S APPROVAL FOR NON-COSTl �OFC>\oISS1UABNcC\_ �Ei \,_, o-..
The undersigned Consulting Engineer hereby certifies that this disbursement is/4 a Cost of Myrtle Creek Improvement District and is consistent with: (i) the applicable acquisition or construction contract; (ii) the pl,iu{ and specification for the portion of Myrtle Creek Improvement District Project with respect to which such disbursement is being IJ,a'do<, and, (iii) the report of the Consulting Engineer attached as an Exhibit to the Second Supplemental Indenture, as such report shall ha've een amended or modified on the date hereof.

BlD    TRICT ENGINEER  �]

n	\'\\  , �kJ'LtO    DC

Pi	'Z,9/.,:p;!

c. n

MYRTLE CREEK IMPROVEMENT DISTRICT

Ratification of
Operation & Maintenance Expenditures Paid in September 2017 in an amount totaling $64,625.60

MYRTLE CREEK IMPROVEMENT DISTRICT

DISTRICT OFFICE• 12051 CORPORATE BLVD• ORLANDO, FL 32817 PHONE: (407) 382-3256 e FAX: (407) 382-3254

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from September 1, 2017 through September 30, 2017. This does not include expenditures previously approved by the B.  oard. .

The total items being presented:	$64,625.60

Approval of Expenditures:

Chairman Vice Chairman
 	Assistant Secretary

1 0/1 1/17 

Check No.

Date	Status

Vendor ID Payee Name

Amount

3:20: 13 PM

BANK ID: SUN - CITY NATIONAL BANK

Myrtle Creek lmpro.vement District AP Check Register (Current by Bank) Check Dates: 9/1/2017 to 9/30/2017 

Page: 1

001-101 -0000-00-01

3180	09/29/1 7	p	AWC	Aquatic Weed Control, Inc.		$325.00	
3181	09/29/1 7	p	ATLAS	Atlas Professional Services		$1 8.00	
3182	09/29/1 7	p	BVLS	Brightview Landscaoe Services		$39,495.00	
3183	09/29/1 7	p	DONMC	Donald W. McIntosh Associates		$2,030.00	
3184	09/29/17	p	EGIS	Egis Insurance Advisors LLC		$6,973.00	
3185	09/29/17	p	FISH	Fishkind & Associates, Inc.		$1_0,652.71	
3186	09/29/1 7	p	HGS	Hopping Green & Sams		$1 ,550.23	
3187	09/29/1 7	p	MLM	Michael's Lighting Maint.		$162.50	
3188	09/29/17 
	p	ORLSEN	Orlando Sentinel		$545.00	
3189	09/29/17 	p	SOLS	SiteOne Landscape Supply:		$31 2.50	
3190	09/29/17 	p	VENTUR	Venturesln.com		$80.00	
			
		BANK SUN REGISTER TOTAL:	$62,143.94	

..... �· ' ·.

62� 1 i'.!3 ° St.:.

Q.4, 625°6 

21218°63

263 cQ3

*

$62,143.94

GRAND TOTAL

* Check Status Types: "P" - Printed ; "M" - Manual ; "V" - Void { Void Date ); "A" - Application; "E" - EFT

** Denotes broken check sequence.

MYRTLE CREEK IMPROVEM ENT DISTRICT

Payment Authorization #320 9/1/2017
Item

No.

Payee

Invoice Number

General Fund

1	Aquatic Weed Control
S.eptember Waterway Service
                                 2	Atlas Professional Services
September Email Hosting
Bo.ggy Creek Improvement District

q lzq I,:}

17952

52330

ICM201 7,.1 1

$	326.00

$	18.00

$	263.03

	BrightView Landscape Services Elm Tree Mistletoe Removal· Washingtonia Palm Removal August Landscape Maintenance
Donald W McIntosh Associates
USTA Roadway Acquisition Through 08/1 1/2017
Engineering Services Through 08/1 1/2017
Fishkind & Associates
DM Fee & Rejmbursables: August 2017 
FY 2018 Tax Roll Preparation
Michael's Lighting Maintenance
Night Lighting Check

Acct: 4782400001 ; Service 07/05/2Q1 7� 08/03/2017

$ 2,218.63

TOTAL

$ 32,863.11

Chairperson

ouc	f d	DY\ l 1· 11e,	'1 l, B ,t 1'

5359278
5359280
5401617

33992
33993

21 123
21 1 53

4821

$	650.00	
$  1 ,650.00
$ 17,740.00

$ 1,530.00
$	500.00

$ 2,887.20
$ 5,000.00

$	81 .25

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #320
9/1/2017
Item

No.

Payee

Invoice Number

General Fund

1	Aquatic Weed Control
September Waterway Se,vice
                                 2	Atlas Professional Services
September Email Hosting
Boggy Creek Improvement District

BrlghtView Landscape Services Elm Tree Mistletoe Removal · Washingtonia Palm Removal

1 7952

52330

ICM201 7�1 1

5359278
5359280

$	325.00

$	18.00

$	263.03

$	650.00
$ 1 ,650.00

August Landscape Maintenance
Donald W McIntosh Associates
USTA Roadway Acquisition Through 08/1 112017 Engineering Services Through 08/1 1/2017 
Fishklnd & Associates
OM Fee & Reimbursables.: August 2017 FY 2018 Tax Roll Preparation

Night Lighting Check	4821	$	81 .25	
Acct: 4782400001 ; Service 07/05/2Q17- 08/03/2017		$ 2,218.63	
	TOTAL	$ 32,863.11	
l�-- ...	- - -
Secretary/Assistant Secretary	

Chairperson		

Michael's Lighting Maintenance

8

6401617

33992
33993

21 123

21163

$ 17,740.00

$ 1,530.00
$	500.00

$ 2,887.20

5,000.00

I I✓

� .

q\tiS\\1

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #321
9/1 5/2017
Item
No.

Payee

Invoice
Number

General
Fund

BrigtltView Lijndscape Services
Mainline Break Repair	5387891	$	9'77.25
Controller#1 Repair	5417860	$	108.75
Controller#2 Repair	541 7861	$	1 47.00

Controller #3 Repair	541 7862	$	73.•50

Controller#6 Repair	541 7863	$	44.75
Controller#7 Repair	5417864	$	147.00
Controller#24 Repair	541 7865	$	76.75
Shrub Replacement	541 9366	$	140.00

Egis Insurance Advisors
FY 2018 Insurance	6184	$ 6,973.00
Hopping Greep & Sams
General Counsel Through 07/3 1/201 7	95646	$   1,550.23
Orlando Sentinel
Legal Advertising	OSCM327739	$	545.00
SiteOne Landscape SJ.tpply

Controller Repair	82370894	$	312.50
Venturesfn.com
September Application Hosting	43218	$	80.00

TOTAL

$ 11,175.73

Chairperson

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #322
9/22/2017

Item	Payee
No•.
BrightView Landscape Services
September Landscape Maintenance
Fishkind & Associates
DM Fee & Reimbursables: September 2017
Michael's Lighting Maintenance

Night Lighting Check on 07/30/2017

Z-T

. .. ... . .

                                      Secretary/Assistant Secretary

Invoice Number

5434709

21312

4692

TOTAL

Chairperson

General Fund

$ 17,740.00

$ 2,765.51

$	81 .25

$ 20,586.76

MYRTLE CREEK IMPROVEMENT DISTRICT

Recommendation of
Work Authorizations/Proposed Services
(if applicable)

MYRTLE CREEK IMPROVEMENT DISTRICT

Review of District' s Financial Position and Budget to Actual YTD

Myrtle Creek Improvement District
Statement of Financial Position As .of 9/30/2017

:·, \

General Fund	Debt Service

Capital Projects Fund

General Long- Term Debt

Total

:Assets·

 	$616,073.48 .	 $1,125,261.36	 	$425,526.87

     $19,400,000.00 $21 ,566,861.71

Liabilities· and Net Assets

$3,973.50 12,977.02

$'16,950.52

$0.00

$23,926.04
$23,926.04

$0.00

$3,973.50 12,977.02
23,926.04
$40,876.56

Current Assets
General Checking Accourii ·	$5,000.66								$5,000.66	
Money Market Account	435,082.78								435,082.78	
State Board of Administration	3,775.06								3,775.06	
US Bank Savings-Pond Reserve	10,421 .13 								10,421.13 	
US Bank Savings-Road Reserve	10,421.13 								10,421 .13 	
US Bank Savings-Cap. Reserve	1 02,443.89								102,443.89	
Prepaid Expenses	6,973.00								6,973.00	
Deposits	4,300.00								4,300.00	
Infrastructure Capital Reserve	30,561 .58								30,561.58	
Interchange Maintenance Reserve	7,094.25								7,094.25	
Debt Service Reserve A2 Bond			$334,252.39						334,252.39	
Revenue A2 Bond			790,883.81						790,883.81	
Prepayment A2 Bond			125.16						125.16	
Acquisition/Construction A2 Bond					$425,526.87				425,526.87	
Total Current Assets	$616;073.48		$1,125,261.36		$425,526.87		$0.00		$2,166,861.71	

Investments
Amount Available in Debt Service Funds						$1,125,261.36	$1,125,261.36	
Amount To Be Provided						18,274,738.64	18,274,738.64	
Total Investments	$0.bO		$0.00		$0.00	$1 9,400,000.00	$19,400,000.00	

Total Assets

Current Liabilities
Accounts Payable
Due To Other Governmental Units Accounts Payable
Total Current Liabilities

Long Term Liabilities

Revenue Bonds Payable - Long-Term												$1 9,400,000.00				$19,400,000.00		
Total Long Term Liabilities		$0.00			$0.00				$0.00			$1 9,400,000.00				$1 9,400,000.00		
Total Liabilities		$1 6,950.52			.• $0.00				$23,926.04			$19,400,000.00				$19,440,876.56		

Net Assets
Net Assets, Unrestricted		

$1 ,265,278.37														

$1 ,265,278.37		
Current Year Net Assets, Unrestricted		21 ,847.63														21,847.63		
Net Assets - General Government		(639,555.89}														(639,555.89)		
Current Year Net Assets - General Government		(48,447.15)														(48,447.15)		
Net Assets, Unrestricted					$625,758.54											625,758.54		
Current Year Net Assets, Unrestricted					499,502.82											499,502.82		
Net Assets, Unrestricted									($417,951 .06)							(417,951 .06)		
Net Assets, Unrestricted									993,61 9.32							993,619.32		
Current Year Net Assets, Unrestricted									(174,067.43)							(174,067.43)		
Total Net Assets		$599, 122:96' ·			·-·$1-, 125',261 .36				$401,600.83			$0.00				$2, 125,985.1 5		
																		
Total Liabilities and Net Assets		$616,073.48			$1,125,261.36				$425,526.87			$1 9,400,000.00				$21 ,566,861.71		

Revenues

Myrtle Creek Improvement District
Statement of Activities	                                                                                                           As of 9/30/201 7

General Fund	Debt Service	
Capital	General Long-	Total	
		Projects Fund	Term Debt		

On-Roll Assessments	$496,859.68								$496,859.68	
Other Income & Other Financing Sources	10,275.00								10,275.00	
Inter-Fund Transfers In	21 ,847.63								21 ,847.63	
On-Roll Assessments			$1 ,341 ,028.08		
				1,341 ,028.08	
Inter-Fund Group Transfers In	
		(8,81 1 .26)						(8,811 .26)	
Other Income & Other Financing Sources					$830.07				830.07	
Inter-Fund Transfers In					(13,036.37)				(13,036.37)	
Total Revenues	$528,982.31		$1 ,332,216.82		($12,206.30)		$0.00		$1 ,848,992.83	

 	

Supervisor Fees	$9,400.00								$9,400.00	
Public Officials' Liability Insurance	3,250.00								3,250.00	
Trustee Services	1,239.13 								1,239.13 	
Management	32,000.04								32,000.04	

Engineering	16,412.50								1 6,412.50	
Dissemination Agent	6,500.00								6,500.00	
Property Appraiser	2,788.47								2,788.47	
District Counsel	18,042.26								18,042.26	
Assessment Administration	5,000.00								5,000.00	
Audit	3,975.00								3,975.00	
Travel and Per Diem	509.26								509.26	
Telephone	241.25								241.25	
Postage & Shipping	171.57								171.57	
Copies	1,185.00								1,185.00	
Legal Advertisin·g	3,521.27								3,521 .27	
Bank Fees	15.00								15.00	
Miscellaneous	2,723.89								2,723.89	
Property Taxes	123.22								123.22	
Web Site Maintenance	1,1 68.99								1,168.99	
Dues, Licenses, and Fees	1 75.00								1 75.00	
Electric	467.24								467.24	
Enif)_' Lighting	61 .63								61 .63	
Water Reclaimed	31 ,932.76								31 ,932.76	
Aquatic Contract	3,900.00								3,900.00	
General Liability Insurance	3,723.00								3,723.00	
Property & Casualty Insurance	1,200.00								1,200.00	
Irrigation	19,799.95								19,799.95	
Landscaping Maintenance & Material	221 ,780.00								221 ,780.00	
Tree.Trimming	51,521 .04								51 ,521.04	
Flower & Plant Replacement	25,549.24								25,549.24	
Contingency	522.50								522.50	
IME - Aquatics Maintenance	3,156.34								3,156.34	
IME - Landscaping	75,873.12 								75,873.12	
IME - Lighting	1,632.89								1 ,632.89	
IME - Water Reclaimed	457.09								457.09	
Entry and Wall Maintenance	2,546.23								2,546.23	
Streetlights	5,342.37								5,098.62	
Principal Payment - A1 Bond			$410,000.00						410,000.00	
Interest Payments - A1 Bond			428,021.10 						428,021 .10 	
Engineering					$32,187.88				32,187.88	
District Counsel					43,219.50				43,219.50	
Legal Advertisin·g					2,117.63				2,11 7.63	
Contingency					85,499.66				85,499.66	
Total Expenses	$557,907.25		$838,021.10 		$163,024.67		$0.00		$1,558,953.02	

Expenses

Other Revenues {Expenses} & Gains {Losses}

Interest Income	$2,325.42								$2,325.42	
Interest Income			$5,307.10						5,307.10	
Interest Income					$),163.54				1,163.54	
Total Other Revenues (Expenses) & Gains (Losses)	$2,325.42		$5,307.10 		$1,1 63.54		$0.00		$8,796.06	
Change In Net Assets	($26,599,52)		$499,502.82		($1 74,067.43)		$0.00		$298,835.87	
Net Assets At Beginning Of Year	$625,722.48		$625,758.54		$575,668.26		$0.00		$1 ,827,149.28	

NetAssets At End Of Year	
$599, 122.96		
$1,1 25,261.36		
$401 ,600.83		
$0.00		
$2,125,985.15 	

Myrtle Creek Improvement District
Budget to Actual
For the Month: Ending 09/30/2017 

YTD Actual	YTD Budget	YTD Variance	FY 2017

Adopted Budget

On-Roll Assessments	$	496,859.68		$	492,716.16		$	4,143.52		$ 492,71 6.16	
Other Income & Other Financing Sources	1 0,275.00		
		10,275.00		
	
Money Market Reserve	.•. 20,!567'.67.		208,428.75		(1 87,861 .08)		208,428.75	
Carry Forward Reserves (accrued)	25,1 1 2.88		12,526.67		12,586.21		12,526.67	
Carry Forward Revenue (accrued)	13,579.74		9,81 7.90		3,761 . 84		9,81 7.90	
Net Revenues	$	566,394.97		$	723,489.48		$ (157,094.51 )		$ 723,489.48	

Revenues

Supervisor Fees	$	9,400.00	$	12,000.00	$	(2,600.00)	$	12,000.00	
Public Officials' Liability Insurance	3,250.00		3,500.00		(250.00)		3,500.00	
Trustee Services	1 ,239._1 3		5,000.00		(3,760.87)		5,000.00	
Management	32,000.04		32,000.00		0.04		32,000.00	
Engineering	16.41 ?.p0		5,000.00		11 ,412.50		5,000.00	
Dissemination Agent	.. 6,500.00		5,000.00		1 ,500.00		5,000.00	
Property Appraiser	2,788.47		2,000.00		788.47		2,000.00	
District Counsel	1 8,042.26		20,000.00		(1 ,957.74)		20,000.00	
Assessment Administration	', · 5,000.00		7,500.00		(2,500.00)		7,500.00	
Audit	3,975.00		3,975.00				3,975.00	
Arbitrage Calculation			900.00		(900.00)		900.00	
Travel and Per Diem	509.26		100.00		409.26		100.00	
Telephone	241 .25		500.00		(258.75)		500.00	
Postage & Shipping	171 .57		1,500.00		(1 ,328.43)		1 ,500.00	
Copies	1,1 85.00		2,000.00		(81 5.00)		2,000.00	
Legal Advertising	3,521 .27		5,000.00		(1 ,478.73)		5,000.00	
Bank Fees	1 5.00		50.00		(35.00)		50.00	
Miscellaneous	;z,723.89		5,000.00		(2,276.1 1) 		5,000.00	
Property Taxes	123.22		7/j.00		48.22		75.00	
Web Site Maintenance	t168.99		1 ,000.00		168.99		1 ,000.00	
Dues, Licenses, and Fees	· .· .17.5.00		1 75.00				1 75.00	
Total General & Administrative Expenses	$ · . 1 08,441 .85		$	112,275.00		$	(3,833.15)		$ 112,275.00	

General & Administrative Ex[lenses	 Legislative

Financial & Administrative

Page 1  of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 09/30/2017 

YTD Actual

YTD Budget	YTD Variance		FY 2017 Adopted

Budget

Field Operations

Electric Utility Services		
Electric	$	467.24	$	1,000.00	$	(532.76)	$	1 ,000.00	
Entry Lighting	61 .63	500.00	(438.37)	500.00	
Water-Sewer Combination Services					
Water Reclaimed	31,932.76	25,000.00	6,932.76	25,000.00	
Stormwater Control					
Mitigation Area		5,000.00	(5,000.00)	5,000.00	
Aquatic Contract	3,900.00	5,1 60.00	(1 ,260.00)	5,1 60.00	
Lake/Pond Repair Reserve		10,000.00	(10,000.00)	1 0,000.00	
Other Physical Environment					
Equipment Rental		5,000.00	(5,000.00)	5,000.00	
General Liability Insurance	3,723.00	5,000.00	(1 ,277.00)	5,000.00	
Property & Casualty Insurance	1 ,200.00	1,500.00	(300.00)	1 ,500.00	
Auto Insurance	
	750.00	(750.00)	750.00	
I rrigation	19,799.95	10,000.00	9,799.95	10,000.00	
Landscaping Maintenance & Material	221 ,780.00	21 8,750.00	3,030.00	21 8,750.00	
Tree Trimming	51 ,521 .04	15,000.00	36,521 .04	15,000.00	
Flower & Plant Replacement	25,549.24	35,000.00	(9,450.76)	35,000.00	
Contingency	522.50	39,206.31 	(38,683.81)	39,206.31	
Interchange Maintenance Expenses					
IME - Aquatics Maintenance	3,156.34	3,339.00	(1 82.66)	3,339.00	
IME - Irrigation		2,362.50	(2,362.50)	2,362.50	
IME - Landscaping	75,873.12 	52,500.00	23,373. 12 	52,500.00	
IME - Lighting	.1 ,632.89	2,362.50	(729.61) 	2,362.50	
IME - Miscellaneous		787.50	(787.50)	787.50	
IME - Water Reclaimed	457.09	3,1 50.00	(2,692.91 )	3,150.00	
New Operational Field Expenses					
Trail Benches	40,000.00	(40,000.00)	40,000.00	
Crosswalk Improvements	100,000.00	(1 00,000.00)	1 00,000.00	
Road & Street Facilities					
Entry and Wall Maintenance	2,546.23	12,000.00	(9,453.77)	12,000.00	
Streetlights	5,342.37	5,000.00	342.37	5,000.00	

Parks & Recreation

Personnel Leasing Agreement	1,320.00	(1,320.00)	1 ,320.00

Reserves
Infrastructure Capital Reserve	10,166.67		1 0,166.67				10,166.67	
Interchange Maintenance Reserve	2,360.00		2,360.00				2,360.00	
Total General & Administrative Expenses	$	461,992.07		$	612,214.48		$ (150,222.41 )		$ 612,214.48	
Total Expenses	$	5702433.92	$	724,489.48	$ {1542055.56)	$ 7242489.48	
Income (Loss) from Operations	$	(4,038:95)	$	(1 ,000.00)	$	(3,038.95)	$	(1 ,000.00)	
Other Income {Ex[!ense}
Interest Income	
$	2,325.42		
$	1 ,000.00	$	1 ,325.42		
$	1 ,000.00	
Total Other Income (Expense)	$	2,325.42		$	1,000.00	$	1,325.42		$	1,000.00	
Net Income (Loss)	-$-- (1 ,713.53)		$	$	(1 ,713.53)		$	
	
Page 2 of 2					

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 09/30/201 7

Aug-17	Sep-17 I YTD Actual

Revenues
On-Roll Assessments
Other Income & OtherFinancing Sources

$	$ 496,859.68
3,445.00	1,530.00	10,275.00

Money Market Reserve	20,567.67	20,567.67

Carryforward Revenue	27,061 .73	(13,481.99)											13,579.74	
Net Revenues	$ 52,168.60	$ 28,458,56·	$ 234,252.34	$ 83,690.94	$ 7,998.48	$ 107,806.56	$ 4,699.39	$ 1,660.65	$	2,054.17	$ 18,062.61	$ 3,445.00	$ 22,097.67	$ 566,394.97	

Carry Forward Reserves	25,106.87	3.92	2.09	25,112.88

General & Administrative Ex12enses Legislative

$	800.00	$	800.00	$	800.00	$	800.00	$ 1,000.00	$	800.00	$ 1,000.00	$	1,000.00	$ 1,000.00	$	

2,666.67	
2,666.67	
2,666.67	
2,666.67	
2,666.67	
2,666.67	
2,666.67	
2,666.67	
2,666.67		
600.00	600.00	600.00	600.00	600.00	600.00	600.00	5,600.00	500,00		

$	600.00 I s	9,400.00	
	3,250.00	
	1,239.13	
5,333.34	32,000.04	
3,945.00	2,1 67.50	16.412.50	
	6,500.00	
1,664.56	2,363.55	18,042.26	
	5,000.00	5,000.00	
		3,975.00	

Supervisor Fees	$	800.00
Financial & Administrative
Public Officials' Liability Insurance	3,250.00
Trustee Services	1,239.13
Management	2,666.67
Engineenng
Dissemination Agent	5,000.00	1,500.00
Property Appraiser	1,442.00	1,346.47	2,788.47
Distnct Counsel	1,441.50	746.17	1,711.00	2,004.50	821.00	2,325.34	4,964.64
Assessment Administration
Audit	3,975.00

37.35

62.57	9.13	25.72	145.84	509.26• ...	
35.52	47.95	25.92	36.35	241.25	
7.86	12.21	18.95	33.68	171.57	

Arbitrage Calculation
Travel and Per Diem	81.11	24.59	24.69	57,47	40.79

1.86	21.85	13.71	52.63	
94.50	228.00	163.50		
200.00	270.42	520.67		

Telephone	35.99	9.05	11.53	12.12	26.82

Postage & Shipping Copies

8.82

358.50	61 .50	11 1.00	64.50	-103.50	' 1,185.00

Legal Advertising	248.75	196.92	200.00	196.92	200:6i	200,00	545.00	741,92	' : 3,521.27
Bank Fees	15.00	15.00
Miscellaneous	174.15	716.40	1,833.34	2,723'89
Property Taxes	123.22	123.22
Web Site Maintenance	95.00	95.00	95.00	114.99	95.00	95.00	95.00	95.00	95.00	98.00	98.00	98.00	1,1 68.99
Dues, Licenses, and Fees	175.00	175.00
Total General & Administrative Expenses	$   9,916.55	$   6,103.86	$     5,488.69	$     6,798.43	$    8,350.67	$    5,441.32	$     4,784.34	$  12,051.38	$    22,015.61	$    4,599.76	$     6,267.56	$  16,623.68	$ 108,441.85

Page 1 of2

Myrtle Creek Improvement District
Budget to Actual
Forthe Month Ending 09/30/2017 

Field Operations
Electric Utility Services

Oct-1 6	Nov-16

Dec-16	Jan-17	Feb-17	Mar-17

Apr-17	May-17	Jun-17	Jul-17	Aug-17	Sep-17	YTD Actual

Electric	$	$	76.13 	$	78.42	$	72.37	$	(254.59)	$	69.73	$	73.02	$	69.83	$	71.00	$	$	72.79	$	138.54	$	467.24	
Entry Lighting	15.50	16.12	17.08	(80.25)	1 3.37	13.69	12.95	13.16	13.58	26.43	61 .63	
Water-Sewer Combination Services												
Water Reclaimed
Stormwater Control		2,573.01	2,208.69	2,762.07	2,913.18	2,929.05	4,263.51	5,303.34	4,526.40		1,064.18 	3,389.33	31,932.76	
Mitigation Area													"	
Aquatic Contract Lake/Pond Repair Reserve	325.00	325.00	325.00	650.00		650.00		325.00	325.00	325.00	325.00	325.00	3,900.00	
Other Physical Environment
Equipment Rental													

"	
General Liability Insurance	3,723.00												3,723.00	
Property & Casualty Insurance
Auto Insurance	1,200.00												1,200.00
"	
Irrigation				10,997.25	792.50	746.00	1,403.75		2,627.95	91 8.75	738.75	1,575.00	19,799.95	
Landscaping Maintenance & Material	35,190.00	290.00	17,740.00	17,740.00	17,740.00	17,740.00	18,160.00	26,220.00	17,740.00	17,740.00		35,480.00	221 ,780.00	
Tree Trimming									51 ,521.04				51 ,521 .04	
Flower & Plant Replacement				20,725.00	612.00		1,772.24					2,440.00	25,549.24	
Contingency							210.00					312.50	522.50	

Interchange Maintenance Expenses
IME - Aquatics Maintenance IME • Irrigation
IME--. Landscaping

263.03	263.03

6,322.76

263.03	526.05	526.05

12,645.52	6,322.76	6,322.76	6,322.76

263.03	263.03	263.03	263.03	263.03	3,1 56.34
"

6,322.76	12,645.52	6,322.76	12,645.52	75,873. 12

IME • Lighting
IME • Miscellaneous

52.00

91.41	84.47	48.58	44.07

46.21	37.30	37.07	1,148.31

1,632.8�
..

IME - Water Reclaimed
New Operational Field Expenses
Trail Benches
Crosswalk Improvements

Entry and Wall Maintenance	290.50	932.50				1,123.84	125.00					2,546.23	
Streetlights	81 .25	404.42	485.67	485.67	404.42	485.67	485.67	404.42	648.17 	404.42	1 ,052.59	5,342.37	

Road & Street Facilities

16.52	19.78	40.43

127.80	"196.70	27.60	'3.26	25.00	457,09

"

Parks & Recreation
Personnel Leasing Agreement
Contingency
Infrastructure Capital Reserve Interchange Maintenance Reserve
Total Field Operations Expenses

$  47,395.54	$ 4,931.59

$    33,853.86	$    60,473.63	$  28,518.38	$ 30,690.97

"

10,166.67	1 0,166.67
2,360.00	2,360.00
$  26,680.89	$  39,155.33	$       90,445.94	$  26,721.11	$       2,881.75	$   70,243.08	$   461,992.07

, Total Expenses	$ 57,312.09	$ 11,035.45	$ 39,342.55	$ 67,272.06	i 36,869.05	$ 36,132.29	$ 31,465.23	i 51,206.71	1 112,461.55	$ 31,320.87	$ 9 149.31	$ 86,866.76	$ 570 433.92	
Income (Loss} from Operations	$ (5,143.49)	$ 17,423.11	$ 194,909.79	$ 16,418.88	$ (28,870.57)	$ 71,674.27	$ (26,765.84)	$ (49,546.06)	$ (1 1 0,407.38)	$ (1 3,258.26)	$ (5,704.31)	$ (64,769.09)	$ (4,038.95)	
Oth_E�:1· Income (Expense)
Interest Income	$	47.58		$	46.61		$	320.72		$	56.52		$	48.49	$ 1,218.91	$	47.57		$	86.28		$	126.94		$	49.65		$	53.87		$	222.28		$ 2,325.42	
Total Other Income (Expense)	$	47.58		$	46.61		$	320.72		$	56.52		$	48.49	
$ 1,218.91	$	47.57		$	86.28		$	126.94		$	49.65		$	53.87		$	222.28		$ 2,325.42	
Net Income (Loss)	$ (5,095.91) 		$ 17,469.72		$ 195,230.51		$ 16,475.40		
$ (28,822.08)	
$ 72,893.18	
$ (26,718.27)		$ (49,459.78)		$ (110,280.44)		$ (13,208.61)		$ (5,650.44)		$ (64,546.81)		$ (1 ,71 3.53)	

Page 2 o/2