Myrtle Creek Improvement District
12051 Corporate Boulevard Orlando, FL 32817; 407-723-5900 www.myrtlecreekid.org

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Myrtle Creek Improvement District (“District”), scheduled to be held at 5:00 p.m. on Tuesday, March 16, 2021 at Courtyard Orlando Lake Nona, 6955 Tavistock Lakes Blvd, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

Please use the following information to join via the computer or the conference line:

Phone: 1-844-621-3956	Computer: pfmgroup.webex.com	Participant Code: 796 580 192#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the February 16, 2021 Board of Supervisors’ Meeting

Business Matters
Review of Fiscal Year 2022 Operations and Maintenance Budget
Consideration of Fee Agreement with Bryant Miller Olive for Bond Counsel Services
(provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in February 2021 in an amount totaling $64,919.89
Recommendation of Work Authorization/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor
Landscape Supervisor – Introduction of New Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes of the February 16, 2021 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 Tuesday, February 16, 2021, at 5:00 p.m. at Courtyard Orlando Lake Nona, 6955 Tavistock Lakes Blvd, Orlando, FL 32827.

Present:

Bob da Silva	Chairman		
Kyle Scholl	Assistant Secretary	(via phone @ 5:01 p.m.)	
John Lynaugh	Assistant Secretary		
Marsha Leed	Assistant Secretary		
Also attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM	(via phone)	
Tucker Mackie	Hopping Green & Sams	(via phone)	
Deb Sier	Hopping Green & Sams	(via phone)	
Jeff Newton	Donald W. McIntosh Associates	(via phone)	
Larry Kaufmann	Construction Supervisor & Construction Committee Member	
		(via phone)	
Scott Thacker	District Landscape Supervisor	(via phone @ 5:03 p.m.)	

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Walden noted for the record there were no public comments at this time.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the January 19, 2021, Board of Supervisors’ Meeting

Mr. Scholl joined the meeting via phone at 5:01 p.m.

Board Members reviewed the minutes from the January 19, 2021, Board of Supervisors’ Meeting.

On Motion by Mr. da Silva, second by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the January 19, 2021, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in January 2021 in an amount totaling $40,798.41

Board Members reviewed Operation and Maintenance Expenditures Paid in January 2021 in an amount totaling $40,798.41. These have already been approved and just need to be ratified by the Board.

On Motion by Ms. Leed, second by Mr. da Silva with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures Paid in January 2021 in an amount totaling $40,798.41.

FIFTH ORDER OF BUSINESS	Recommendation	of	Work	
Authorization/Proposed	
	Services			

There were no work authorizations for the Board.				

SIXTH 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 January. The District has total expenses of $208,500.00 vs a budget of $919,000.00. No action is required by the Board.

District staff is continuing to keep an eye on the irrigation repairs line item as it is trending over budget.

SEVENTH ORDER OF BUSINESS	Staff Reports

District Counsel –	Mr. Lynaugh asked Ms. Mackie if she knew if the Governor is going to
extend the State of Emergency past the end of February. Ms. Mackie replied she does not have any additional information regarding the State of Emergency. A prior Executive Order waived the requirements that the District hold a physical quorum for purposes of conducting its meetings but that is no longer in place. Ms. Mackie does not expect it to be reinstated.

District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, March 16,
2021, which is Spring Break week. Mr. Scholl will email Ms. Walden and let her know if he will be in town or if he will need to call in to the meeting.

Ms. Walden noted there are excess funds in the Myrtle Creek ID 2016 Reserve   Account   in   the   amount   of   $1,835.77.   Per   the   second

Supplemental Trust Indenture, excess funds due to income earnings can be applied as directed by the District. Back in October 2019, the District directed the Trustee to remit those funds to be held with the District’s Reserve monies. She asked for direction from the Board. The Board directed the Trustee to leave the excess funds in the Myrtle Creek ID 2016 Reserve Account to accrue more interest.

District Engineer –	No Report	

Construction Supervisor –	
A Board Member asked Mr. Kauffmann for an update on the School District’s plan for the sidewalk on the Village Walk side of Lake Nona Boulevard. Mr. Kaufmann answered he spoke with the School District who sent him a site plan and they will be putting in a sidewalk. Mr. Kaufmann
will send the site plan to Ms. Walden who will send it to Mr. Lynaugh.	

District Landscape Supervisor- No Report

EIGHTH ORDER OF BUSINESS		Supervisor and Audience Comments & Adjournment

There were no Supervisor requests or audience comments, so Ms. Walden requested a motion to adjourn.

On Motion by Mr. Lynaugh, second by Mr. da Silva, with all in favor, the February 16, 2021, meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

 	_ 		 	_ 	
Secretary/Assistant Secretary	Chair/Vice Chair

MYRTLE CREEK IMPROVEMENT DISTRICT

Fiscal Year 2022 Operations & Maintenance Budget

	Actual Through 02/28/2021	Anticipated 03/2021 -
09/2021	Anticipated FY 2021 Total	FY 2021 Adopted Budget	FY 2022
Proposed Budget	

Revenues						
On-Roll Assessments	$	560,990.45	$	297,811.35	$	858,801.80	$	858,801.80	$	858,801.80	
Developer Contributions	17,264.14	32,444.41	49,708.55	52,496.00	60,319.50	
Carryforward Revenue	-	-	-	-	152,707.58	
Net Revenues	$	578,254.59	$	330,255.76	$	908,510.35	$	911,297.80	$ 1,071,828.88	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	3,800.00	$	7,000.00	$	10,800.00	$	12,000.00	$	12,000.00	
Financial & Administrative						
Public Officials' Liability Insurance	3,498.00	-	3,498.00	4,000.00	4,000.00	
Trustee Services	7,436.91	-	7,436.91	10,000.00	10,000.00	
Management	16,666.65	23,333.35	40,000.00	40,000.00	40,000.00	
District Engineering	2,910.50	4,074.70	6,985.20	10,000.00	10,000.00	
Dissemination Agent	-	7,000.00	7,000.00	7,000.00	7,000.00	
Property Appraiser	1,443.00	-	1,443.00	2,000.00	2,000.00	
District Counsel	5,704.30	7,986.02	13,690.32	25,000.00	25,000.00	
Assessment Administration	7,500.00	-	7,500.00	7,500.00	7,500.00	
Reamortization Schedules	-	250.00	250.00	250.00	250.00	
Audit	-	3,625.00	3,625.00	4,000.00	4,000.00	
Arbitrage Calculation	-	900.00	900.00	900.00	900.00	
Travel and Per Diem	13.94	19.52	33.46	300.00	300.00	
Telephone	-	29.17	29.17	50.00	50.00	
Postage & Shipping	57.79	80.91	138.70	1,000.00	1,000.00	
Copies	-	1,166.67	1,166.67	2,000.00	2,000.00	
Legal Advertising	1,388.76	1,944.26	3,333.02	6,500.00	6,500.00	
Bank Fees	-	-	-	-	360.00	
Miscellaneous	53.22	74.51	127.73	12,000.00	12,000.00	
Office Supplies	-	-	-	-	250.00	
Property Taxes	2,147.39	-	2,147.39	150.00	2,500.00	
Web Site Maintenance	925.00	1,775.00	2,700.00	2,700.00	2,700.00	
Holiday Decorations	500.00	-	500.00	1,250.00	1,250.00	
Dues, Licenses, and Fees	175.00	-	175.00	175.00	175.00	
Total General & Administrative	$	54,220.46	$	59,259.10	$	113,479.56	$	148,775.00	$	151,735.00	
Expenses						

Actual Through 02/28/2021

Anticipated 03/2021 -

Anticipated FY	FY 2021 Adopted	FY 2022	
2021 Total	Budget	Proposed Budget	

09/2021

Field Operations										
Electric Utility Services										
Electric	$	354.08	$	495.71	$	849.79	$	1,500.00	$	1,500.00	
Entry Lighting	85.04		119.06		204.10		500.00		500.00	
Water-Sewer Combination Services										
Water Reclaimed	8,014.32		11,220.05		19,234.37		25,000.00		20,000.00	
Stormwater Control										
Aquatic Contract	1,625.00		2,275.00		3,900.00		4,000.00		4,000.00	
Lake/Pond Repair Reserve	-		5,000.00		5,000.00		5,000.00		5,000.00	
Other Physical Environment										
General Liability Insurance	4,007.00		-		4,007.00		4,500.00		4,500.00	
Property & Casualty Insurance	-		-		-		1,700.00		1,700.00	
Auto Insurance	-		-		-		500.00		500.00	
Irrigation Repairs										
District Irrigation Repairs	24,327.94		34,059.12		58,387.06		30,000.00		45,000.00	
Wellspring Irrigation Repairs	2,979.71		4,171.59		7,151.30		5,000.00		10,000.00	
Landscaping Maintenance & Material										
District Landscaping	85,687.50	11	9,962.50		205,650.00		205,650.00		214,025.50	
Gateway Road Landscaping	197.45		276.43		473.88		473.88		473.88	
Wellspring Landscaping	13,540.00		18,956.00		32,496.00		32,496.00		33,819.50	
Tree Trimming	-		23,333.33		23,333.33		40,000.00		40,000.00	
Flower & Plant Replacement										
District Flower & Plant Replacement	3,150.00		29,166.67		32,316.67		50,000.00		50,000.00	
Wellspring Flower & Plant	-		5,833.33		5,833.33		10,000.00		10,000.00	
Contingency	4,899.99		6,859.99		11,759.98		103,372.90		221,782.98	
Pest Control	-		1,639.17		1,639.17		2,810.00		2,810.00	
Hurricane Cleanup	-		50,000.00		50,000.00		50,000.00		50,000.00	
Wellspring Blvd./Performance Drive Expenses										
WSPD - Lighting	127.79		178.91		306.70		500.00		500.00	
WSPD - Miscellaneous	694.44		972.22		1,666.66		3,500.00		3,500.00	
WSPD - Water Reclaimed	939.40		1,315.16		2,254.56		1,000.00		2,500.00	

Actual Through 02/28/2021

Anticipated 03/2021 -

Anticipated FY	FY 2021 Adopted	FY 2022	
2021 Total	Budget	Proposed Budget	

09/2021

Interchange Maintenance Expenses

IME - Aquatics Maintenance	1,315.15	1,841.21	3,156.36	3,339.00	3,339.00	
IME - Irrigation Repairs	900.50	1,260.70	2,161.20	9,450.00	9,450.00	
IME - Landscaping	31,879.05	44,630.67	76,509.72	76,358.52	76,295.52	
IME - Lighting	240.55	336.77	577.32	1,575.00	1,575.00	
IME - Miscellaneous	3,134.47	4,388.26	7,522.73	1,575.00	13,387.50	
IME - Water Reclaimed	118.88	166.43	285.31	2,362.50	1,575.00	
New Operational Field Expenses
Trail Repair	
-	
15,000.00	
15,000.00	
15,000.00	
15,000.00	
Road & Street Facilities
Entry and Wall Maintenance	
-	
10,000.00	
10,000.00	
10,000.00	
10,000.00	
Streetlights	4,286.12	6,000.57	10,286.69	15,000.00	15,000.00	
Parks & Recreation
Personnel Leasing Agreement	
15,000.05	
20,999.95	
36,000.00	
36,000.00	
36,000.00	
Reserves
Infrastructure Capital Reserve	
-	
20,000.00	
20,000.00	
20,000.00	
20,000.00	
Interchange Maintenance Reserve	-	2,360.00	2,360.00	2,360.00	2,360.00	

Total Field Operations Expenses	$	207,504.43		$	442,818.78		$	650,323.21		$	770,522.80		$	926,093.88	

Total Expenses	
$	
261,724.89		
$	
502,077.88		
$	
763,802.77		
$	
919,297.80		
$	
1,077,828.88	
Income (Loss) from	$	316,529.70		$	(171,822.12)		$	144,707.58		$	(8,000.00)		$	(6,000.00)	

Other Income (Expense)															
Interest Income	$	197.37		$	7,802.63		$	8,000.00		$	8,000.00		$	6,000.00	
Total Other Income (Expense)	$	197.37		$	7,802.63		$	8,000.00		$	8,000.00		$	6,000.00	
Net Income (Loss)	$	316,727.07		$	(164,019.49)		$	152,707.58		$	-		$	-	

MYRTLE CREEK IMPROVEMENT DISTRICT

Fee Agreement with Bryant Miller Olive for Bond Counsel Services
(provided under separate cover)

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in February 2021 in an amount totaling $64,919.89

MYRTLE CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 12051 CORPORATE BLVD ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from February 1, 2021 through February 28, 2021. This does not include expenditures previously approved by the Board.

The total items being presented:    $64,919.89

Approval of Expenditures:

 	 Chairman

 	 Vice Chairman

 	 Assistant Secretary

  : :     				Myrtle Creek mprovement District
       k          (       b     k)
    k     :                      	    :  	
Check o.	Date	Status*	Vendor D	Payee ame	Amount	

 A  D: S   C T AT O AL A  

  1 1 1         1

    

    

    

    

    

    

    

        

        

        

        

        

        

 

 

 

 

 

 

 	     

      

      

   

      

      

     

                    
      k                      

                   
          k                 

                    
    b      

                             

                 

 A S REG STER TOTAL:

GRA D TOTAL :	         

          

      

       

         

       

       

$134,214.41

$134,214.41	

* Check Status Types: "P" Printed ; "M" Manual ; "V" Void ( V id Date ); "A" Application; "E" EFT
** Denotes broken check sequence.

Funding Request #079
1/15/2021

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Cepra Landscape				
	Wellspring June Repairs Wellspring Clock A Repairs	17091
17092	$
$	367.00
1,008.00	
		
TOTAL	
$	
1,375.00	

Funding Request #080
1/22/2021

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursment for Construction-Related Legal Advertising on Req 185	OSC30806687	$	92.19	
		
TOTAL	
$	
92.19	

By Amanda Lane at 10:03 am, Feb 01, 2021

By Amanda Lane at 4:25 pm, Feb 08, 2021

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #081	
2/5/2021					
Item	Payee	Invoice	General	
No.		Number		Fund	

1	
Berman Construction				
	Wellspring Reinstall Road Sign	10407	$	49.99	
2	Cepra Landscape				
	Wellspring February Landscaping	22754	$	2,708.00	
		
TOTAL	
$	
2,757.99	

Myrtle Creek Improvement District c/o PFM Group Consulting
12051 Corporate Boulevard
Orlando, FL 32817
(407) 723-5900

Amanda Lane

From:	Larry Kaufmann <lkaufmann@tavistock.com>
Sent:	Monday, February 8, 2021 12:29 PM
To:	Amanda Lane; Damon Ventura; AccountsPayable
Subject:	RE: Myrtle Creek - FR #81

EXTERNAL EMAIL: Use care with links and attachments.

FR#81 is approved for processing.

KDS
Kaufmann Development Services, LLC Larry Kaufmann
(407) 448-6592
LKaufmann@tavistock.com

From: Amanda Lane <lanea@pfm.com>
Sent: Friday, February 5, 2021 6:49 PM
To: Damon Ventura <dventura@tavistock.com>; AccountsPayable <accountspayable@tavistock.com>
Cc: Larry Kaufmann <lkaufmann@tavistock.com>
Subject: Myrtle Creek - FR #81

EXTERNAL E-MAIL
Please see attached for Myrtle Creek FR #81 for $2,757.99. Amanda Lane
Assistant Chief District Accountant

PFM Group Consulting LLC LaneA@pfm.com | web pfm.com
phone 407.723.5900 (direct phone 407.723.5925) | fax 407.723.5901 12051 Corporate Blvd. | Orlando, FL 32817

1

By Amanda Lane at 10:53 am, Feb 16, 2021

By Amanda Lane at 2:57 pm, Feb 22, 2021

Work Authorization/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

	Myrtle Creek Improvement District	
	Statement of Financial Position	
	As of 2/28/2021	

General Fund	

Debt Service	
Capital Projects Fund	
	
Assets	
Current Assets		
General Checking Account	$596,642.28	
Money Market Account	68,764.32	
State Board of Administration	3,996.24	
Accounts Receivable - Due from Developer	1,080.25	
Assessments Receivable	296,287.13	
Deposits	4,300.00	
General Reserve	168,466.65	
Assessments Receivable	$461,873.64	
Debt Service Reserve	335,035.77	
Revenue	1,450,131.70	
Prepayment	33.82	
Sinking Fund A2 Bond	20,000.03	
Accounts Receivable - Due from Developer	$67.81	
Acquisition/Construction	401,911.67	
Total Current Assets	$1,139,536.87	$2,267,074.96	$401,979.48	

Investments		
Amount Available in Debt Service Funds		
Amount To Be Provided		
Total Investments	$0.00	$0.00	$0.00	
Total Assets	$1,139,536.87	$2,267,074.96	$401,979.48	

Liabilities and Net Assets	
Current Liabilities		
Accounts Payable	$356.90	
Due To Other Governmental Units	7,327.11	
Deferred Revenue	297,367.38	
Deferred Revenue	$461,873.64	
Accounts Payable	$67.81	
Deferred Revenue	67.81	
Total Current Liabilities	$305,051.39	$461,873.64	$135.62	

Long Term Liabilities		
Revenue Bonds Payable - Long-Term		
Total Long Term Liabilities	$0.00	$0.00	$0.00	
Total Liabilities	$305,051.39	$461,873.64	$135.62	

$0.00		$596,642.28 68,764.32
3,996.24
1,080.25
296,287.13
4,300.00
168,466.65
461,873.64
335,035.77
1,450,131.70
33.82
20,000.03
67.81
401,911.67
$3,808,591.31	

$1,805,201.32 15,449,798.68
$17,255,000.00

$17,255,000.00		

$1,805,201.32 15,449,798.68
$17,255,000.00

$21,063,591.31	

$0.00		

$356.90 7,327.11
297,367.38
461,873.64
67.81
67.81
$767,060.65	

$17,255,000.00
$17,255,000.00

$17,255,000.00		

$17,255,000.00
$17,255,000.00

$18,022,060.65	

General Long-	Total Term Debt

Myrtle Creek Improvement District
Statement of Financial Position As of 2/28/2021

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

$1,283,864.48 (766,106.07)
316,727.07

$834,485.48

$1,139,536.87	

$1,219,165.38 586,035.94

$1,805,201.32

$2,267,074.96	

($417,951.06) 819,854.15
(59.23)

$401,843.86

$401,979.48	

$0.00

$17,255,000.00	

$1,283,864.48 (766,106.07)
316,727.07

1,219,165.38
586,035.94

(417,951.06)
819,854.15
(59.23)

$3,041,530.66

$21,063,591.31	

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

Myrtle Creek Improvement District
Statement of Activities As of 2/28/2021	
	
General Fund	
Debt Service	
Capital Projects Fund	
General Long- Term Debt	
Total	

Revenues

On-Roll Assessments Developer Contributions On-Roll Assessments Developer Contributions
Total Revenues	

$560,990.45				

$560,990.45	
	17,264.14				17,264.14	
		$874,512.27			874,512.27	
			$441.26		441.26	

$578,254.59	

$874,512.27	

$441.26	

$0.00	

$1,453,208.12	
Expenses						
Supervisor Fees	$3,800.00				$3,800.00	
Public Officials' Liability Insurance	3,498.00				3,498.00	
Trustee Services	7,436.91				7,436.91	
Management	16,666.65				16,666.65	
Engineering	2,910.50				2,910.50	
Property Appraiser	1,443.00				1,443.00	
District Counsel	5,704.30				5,704.30	
Assessment Administration	7,500.00				7,500.00	
Travel and Per Diem	13.94				13.94	
Postage & Shipping	57.79				57.79	
Legal Advertising	1,388.76				1,388.76	
Miscellaneous	53.22				53.22	
Property Taxes	2,147.39				2,147.39	
Web Site Maintenance	925.00				925.00	
Holiday Decorations	500.00				500.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	481.87				481.87	
Entry Lighting	85.04				85.04	
Water Reclaimed	8,953.72				8,953.72	
Aquatic Contract	1,625.00				1,625.00	
General Liability Insurance	4,007.00				4,007.00	
Irrigation	27,307.65				27,307.65	
Landscaping Maintenance & Material	99,424.95				99,424.95	
Flower & Plant Replacement	3,150.00				3,150.00	
Contingency	5,594.43				5,594.43	
IME - Aquatics Maintenance	1,315.15				1,315.15	
IME - Irrigation	900.50				900.50	
IME - Landscaping	31,879.05				31,879.05	
IME - Lighting	240.55				240.55	
IME - Miscellaneous	3,134.47				3,134.47	
IME - Water Reclaimed	118.88				118.88	
Streetlights	4,286.12				4,286.12	
Personnel Leasing Agreement	15,000.05				15,000.05	

Myrtle Creek Improvement District
Statement of Activities As of 2/28/2021

General Fund		Debt Service		Capital Projects Fund		General Long- Term Debt		Total	
Interest Payments Legal Advertising
Total Expenses	

$261,724.89		$288,500.00

$288,500.00		

$509.07

$509.07		

$0.00		288,500.00
509.07
$550,733.96	
Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Dividends Income Interest Income Dividends Income
Total Other Revenues (Expenses) & Gains (Losses)	

$197.37

$197.37		

$22.47 1.20

$23.67		

$8.11 0.47

$8.58		

$0.00		

$197.37 22.47
1.20
8.11
0.47
$229.62	

Change In Net Assets	$316,727.07		$586,035.94		($59.23)		$0.00		$902,703.78	

Net Assets At Beginning Of Year	
$517,758.41		
$1,219,165.38		
$401,903.09		
$0.00		
$2,138,826.88	

Net Assets At End Of Year	

$834,485.48		

$1,805,201.32		

$401,843.86		

$0.00		

$3,041,530.66	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 02/28/2021	

Actual	

Budget		

Variance	
FY 2021
Adopted Budget	

Revenues						
On-Roll Assessments	$	560,990.45	$	357,834.08	$	203,156.37	$	858,801.80	
Developer Contributions	17,264.14	21,873.33		(4,609.19)	52,496.00	
Net Revenues	$	578,254.59	$	379,707.41	$	198,547.18	$	911,297.80	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	3,800.00	$	5,000.00	$	(1,200.00)	$	12,000.00	
Financial & Administrative						
Public Officials' Liability Insurance	3,498.00	1,666.67		1,831.33	4,000.00	
Trustee Services	7,436.91	4,166.67		3,270.24	10,000.00	
Management	16,666.65	16,666.67		(0.02)	40,000.00	
District Engineering	2,910.50	4,166.67		(1,256.17)	10,000.00	
Dissemination Agent	-	2,916.67		(2,916.67)	7,000.00	
Property Appraiser	1,443.00	833.33		609.67	2,000.00	
District Counsel	5,704.30	10,416.67		(4,712.37)	25,000.00	
Assessment Administration	7,500.00	3,125.00		4,375.00	7,500.00	
Reamortization Schedules	-	104.17		(104.17)	250.00	
Audit	-	1,666.67		(1,666.67)	4,000.00	
Arbitrage Calculation	-	375.00		(375.00)	900.00	
Travel and Per Diem	13.94	125.00		(111.06)	300.00	
Telephone	-	20.83		(20.83)	50.00	
Postage & Shipping	57.79	416.67		(358.88)	1,000.00	
Copies	-	833.33		(833.33)	2,000.00	
Legal Advertising	1,388.76	2,708.33		(1,319.57)	6,500.00	
Miscellaneous	53.22	4,999.99		(4,946.77)	12,000.00	
Property Taxes	2,147.39	62.50		2,084.89	150.00	
Web Site Maintenance	925.00	1,125.00		(200.00)	2,700.00	
Holiday Decorations	500.00	520.83		(20.83)	1,250.00	
Dues, Licenses, and Fees	175.00	72.92		102.08	175.00	
Total General & Administrative Expenses	$	54,220.46	$	61,989.59	$	(7,769.13)	$	148,775.00	

Actual	Budget	Variance	FY 2021
Adopted Budget	

Field Operations								
Electric Utility Services								
Electric	$	354.08	$	625.00	$	(270.92)	$	1,500.00	
Entry Lighting		85.04		208.33		(123.29)	500.00	
Water-Sewer Combination Services								
Water Reclaimed		8,014.32		10,416.67		(2,402.35)	25,000.00	
Stormwater Control								
Aquatic Contract		1,625.00		1,666.67		(41.67)	4,000.00	
Lake/Pond Repair Reserve		-		2,083.33		(2,083.33)	5,000.00	
Other Physical Environment								
General Liability Insurance		4,007.00		1,875.00		2,132.00	4,500.00	
Property & Casualty Insurance		-		708.33		(708.33)	1,700.00	
Auto Insurance		-		208.33		(208.33)	500.00	
Irrigation Repairs								
District Irrigation Repairs		24,327.94		12,500.00		11,827.94	30,000.00	
Wellspring Irrigation Repairs		2,979.71		2,083.33		896.38	5,000.00	
Landscaping Maintenance & Material								
District Landscaping		85,687.50		85,687.50		-	205,650.00	
Gateway Road Landscaping		197.45		197.45		-	473.88	
Wellspring Landscaping		13,540.00		13,540.00		-	32,496.00	
Tree Trimming		-		16,666.67		(16,666.67)	40,000.00	
Flower & Plant Replacement								
District Flower & Plant Replacement		3,150.00		20,833.33		(17,683.33)	50,000.00	
Wellspring Flower & Plant Replacement		-		4,166.67		(4,166.67)	10,000.00	
Contingency		4,899.99		43,072.04		(38,172.05)	103,372.90	
Pest Control		-		1,170.83		(1,170.83)	2,810.00	
Hurricane Cleanup		-		20,833.33		(20,833.33)	50,000.00	
Wellspring Blvd./Performance Drive Expenses								
WSPD - Lighting		127.79		208.33		(80.54)	500.00	
WSPD - Miscellaneous		694.44		1,458.33		(763.89)	3,500.00	
WSPD - Water Reclaimed		939.40		416.67		522.73	1,000.00	

Interchange Maintenance Expenses				Adopted Budget	
IME - Aquatics Maintenance	1,315.15	1,391.25	(76.10)	3,339.00	
IME - Irrigation Repairs	900.50	3,937.50	(3,037.00)	9,450.00	
IME - Landscaping	31,879.05	31,816.05	63.00	76,358.52	
IME - Lighting	240.55	656.25	(415.70)	1,575.00	
IME - Miscellaneous	3,134.47	656.25	2,478.22	1,575.00	
IME - Water Reclaimed	118.88	984.38	(865.50)	2,362.50	
New Operational Field Expenses
Trail Repair	
-	
6,250.00	
(6,250.00)	
15,000.00	
Road & Street Facilities
Entry and Wall Maintenance	
-	
4,166.67	
(4,166.67)	
10,000.00	
Streetlights	4,286.12	6,250.00	(1,963.88)	15,000.00	
Parks & Recreation
Personnel Leasing Agreement	
15,000.05	
15,000.00	
0.05	
36,000.00	
Reserves
Infrastructure Capital Reserve	
-	
8,333.33	
(8,333.33)	
20,000.00	
Interchange Maintenance Reserve	-	983.33	(983.33)	2,360.00	

Actual	Budget	Variance

FY 2021

Total Field Operations Expenses	$	207,504.43		$	321,051.15		$	(113,546.72)		$	770,522.80	

Total Expenses	
$	
261,724.89		
$	
383,040.74		
$	
(121,315.85)		
$	
919,297.80	
Income (Loss) from Operations	$	316,529.70		$	(3,333.33)		$	319,863.03		$	(8,000.00)	

Other Income (Expense)												
Interest Income	$	197.37		$	3,333.33		$	(3,135.96)		$	8,000.00	
Total Other Income (Expense)	$	197.37		$	3,333.33		$	(3,135.96)		$	8,000.00	
Net Income (Loss)	$	316,727.07		$	-		$	316,727.07		$	-	

	Oct-20		Nov-20		Dec-20		Jan-21			Feb-21	YTD Actual	

$	
- 2,708.00		
$  57,604.37
685.71		
$ 204,538.37
6,419.44		
$ 242,119.20
3,318.00		
$	
56,728.51
4,132.99	
$	560,990.45
17,264.14	
$	2,708.00		$ 58,290.08		$ 210,957.81		$ 245,437.20		$	60,861.50	$	578,254.59	

$	
1,000.00		
$     1,000.00		
$	-		
$	1,000.00		
$	
800.00	
$	3,800.00	
	
3,498.00		
-		
-		
-			
-	
3,498.00	
	-		7,436.91		-		-			-	7,436.91	
	3,333.33		3,333.33		3,333.33		3,333.33			3,333.33	16,666.65	
	-		1,723.00		250.00		250.00			687.50	2,910.50	
	-		-		-		-			-	-	
	-		-		1,443.00		-			-	1,443.00	
	-		-		2,690.00		2,187.50			826.80	5,704.30	
	7,500.00		-		-		-			-	7,500.00	
	-		-		-		-			-	-	
	-		-		-		-			-	-	
	-		-		-		-			-	-	
	-		-		7.04		-			6.90	13.94	
	-		-		-		-			-	-	
	-		18.77		7.00		7.99			24.03	57.79	
	-		-		-		-			-	-	
	327.50		365.01		-		346.25			350.00	1,388.76	
	-		-		46.71		3.28			3.23	53.22	
	-		-		-		-			2,147.39	2,147.39	
	125.00		125.00		125.00		425.00			125.00	925.00	
	500.00		-		-		-			-	500.00	
	175.00		-		-		-			-	175.00	
$	16,458.83		$ 14,002.02		$	7,902.08		$	7,553.35		$	8,304.18	$	54,220.46	

$	

-		

$	88.94		

$	88.21		

$	89.46		

$	

87.47	

$	354.08	
	-		21.26		21.26		21.50			21.02	85.04	
	-		1,463.23		1,036.86		1,398.48			4,115.75	8,014.32	
	325.00		325.00		325.00		325.00			325.00	1,625.00	
	-		-		-		-			-	-	
	4,007.00		-		-		-			-	4,007.00	
	-		-		-		-			-	-	
	-		-		-		-			-	-	
	839.24		2,918.20		9,296.90		5,709.40			5,564.20	24,327.94	
	685.71		-		309.00		1,985.00			-	2,979.71	

Revenues
On-Roll Assessments Developer Contributions
    
Net Revenues
General & Administrative Expenses Legislative
Supervisor Fees
Financial & Administrative
Public Officials' Liability Insurance Trustee Services
Management Engineering Dissemination Agent Property Appraiser District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Miscellaneous Property Taxes
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
    
Total General & Administrative Expenses

Field Operations
Electric Utility Services
Electric
Entry Lighting
Water-Sewer Combination Services
Water Reclaimed
Stormwater Control
Aquatic Contract Lake/Pond Repair Reserve
Other Physical Environment General Liability Insurance Property & Casualty Insurance Auto Insurance
Irrigation
District Irrigation Wellspring Irrigation

Oct-20		Nov-20		Dec-20		Jan-21			Feb-21	YTD Actual	
17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00		17,137.50
39.49
2,708.00			17,137.50
39.49
2,708.00	85,687.50
197.45
13,540.00	
-		-		-		-			-	-	
-
-		-
-		-
-		-
-			3,150.00
-	3,150.00
-	
-
-
-		-
-
-		4,850.00
-
-		-
-
-			49.99
-
-	4,899.99
-
-	
-
-
-		32.05
697.72
257.17		31.95
(3.28)
257.73		32.15
- 241.01			31.64
- 183.49	127.79
694.44
939.40	

263.03
- 6,363.21
- 1,134.00
-

-

-
- 3,000.01
-
-
$  36,502.19

   $  52,961.02  

$ (50,253.02)

$	22.90
$	22.90

$ (50,230.12)		
263.03
94.90
6,363.21
57.97
- 26.95

-

- 1,063.81

3,000.01

-
-
$  36,558.44

   $ 50,560.46  

$     7,729.62

$	23.59
$	23.59

$     7,753.21		
263.03
289.55
- 59.35
1,512.00
34.12

-

- 1,063.81

3,000.01

-
-
$   42,320.49

  $ 50,222.57  

$ 160,735.24

$	96.66
$	96.66

$ 160,831.90		
263.03
308.70
12,726.42
65.96
190.57
21.95

-

- 1,079.25

3,000.01

-
-
$   47,342.88

  $ 54,896.23  

$ 190,540.97

$	28.62
$	28.62

$ 190,569.59			
263.03
207.35
6,426.21
57.27
297.90
35.86

-

- 1,079.25

3,000.01

-
-
44,780.43

53,084.61  

7,776.89

25.60
25.60

7,802.49	
1,315.15
900.50
31,879.05
240.55
3,134.47
118.88

-

- 4,286.12

15,000.05

-
-	
								$

  $	

$

$
$

$		$	207,504.43

$	261,724.89	
										
$	316,529.70

$	197.37	
										$	197.37	
										$	316,727.07	

Landscaping Maintenance & Material District Landscaping
Gateway Road Landscaping Wellspring Landscaping
Tree Trimming
Flower & Plant Replacement
District Flower & Plant Replacement Wellspring Flower & Plant Replacement
Contingency Pest Control
Hurricane Cleanup
Wellspring Blvd./Performance Drive Expenses
WSPD - Lighting WSPD - Miscellaneous
WSPD - Water Reclaimed
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping IME - Lighting
IME - Miscellaneous IME - Water Reclaimed
New Operational Field Expenses
Trail Repair
Road & Street Facilities
Entry and Wall Maintenance Streetlights
Parks & Recreation
Personnel Leasing Agreement
Contingency
Infrastructure Capital Reserve Interchange Maintenance Reserve
   
Total Field Operations Expenses

Total Expenses
Income (Loss) from Operations Other Income (Expense)
Interest Income
Total Other Income (Expense)

Net Income (Loss)

Myrtle Creek Improvement District Cash Flow

FY20 Inflows	FY20 Outflows	FY21 Inflows	FY21 Outflows	End. Cash	

27,950.70	
(37,128.30)	
-	
-	
169.16	
208,651.64	(6,696.58)	-	-	202,124.22	
970,566.18	(503,270.11)	-	-	667,658.20	
632,702.33	(689,983.21)	-	-	610,377.32	
83,178.07	(124,798.94)	-	-	568,756.45	
301,145.63	(86,667.64)	-	-	783,234.44	
46,912.16	(255,014.26)	-	-	575,132.34	
22,085.63	(87,262.26)	-	-	509,955.71	
44,952.52	(88,163.16)	-	-	466,745.07	
28,435.00	(56,456.85)	-	-	438,723.22	
14,415.58	(77,498.40)	-	-	375,640.40	
9,759.82	(101,431.07)	-	(15,005.00)	268,964.15	
26,870.86	(35,036.78)	6,033.88	(34,720.04)	232,112.07	
-	(2,285.24)	148,827.20	(71,989.11)	306,664.92	
312.50	(312.50)	529,976.03	(438,634.98)	398,005.97	
-	-	622,973.27	(418,231.22)	602,748.02	
-	-	147,246.64	(153,352.38)	596,642.28	
-	-	349,641.90	(213,066.47)	733,217.71 as of 03/09/2021	

Beg. Cash

10/1/2019	2,681.76	
11/1/2019	169.16	
12/1/2019	202,124.22	
1/1/2020	667,658.20	
2/1/2020	610,377.32	
3/1/2020	568,756.45	
4/1/2020	783,234.44	
5/1/2020	575,132.34	
6/1/2020	509,955.71	
7/1/2020	466,745.07	
8/1/2020	438,723.22	
9/1/2020	375,640.40	
10/1/2020	268,964.15	
11/1/2020	232,112.07	
12/1/2020	306,664.92	
1/1/2021	398,005.97	
2/1/2021	602,748.02	
3/1/2021	596,642.28	

FY 20 Totals

2,417,938.62

(2,159,152.30)	1,804,698.92	(1,344,999.20)

Myrtle Creek Improvement District Construction Tracking - early March

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		219,875.78
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	401,911.67

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	401,911.67

Committed Funding
Performance Drive Phase 3 - August bid and October NTP $	-
==========

Total Committed	$	-
==========	
Net Uncommitted		401,911.67	

March 9, 2021