Myrtle Creek Improvement District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; Phone: 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, June 21, 2022, at Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

District Staff, 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 May 17, 2022, Board of Supervisors’ Meeting

Business Matters
Ratification of Operation and Maintenance Expenditures Paid in May 2022 in an amount totaling $77,674.49
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
Irrigation Supervisor
Supervisor Requests

Adjournment

MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes of the May 17, 2022 Board of Supervisors’ Meeting

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm a Quorum

The Board of Supervisors’ Meeting for the Myrtle Creek Improvement District was called to order on Tuesday, May 17, 2022, at 5:00 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827.

Present:

Bob da Silva	Chairman
Kam Shenai	Vice Chairman
John Lynaugh	Assistant Secretary
Marsha Leed	Assistant Secretary
Kyle Scholl	Assistant Secretary (via phone, joined in person @ 5:10 p.m.)

Also attending:	
Jennifer Walden	PFM	
Lynne Mullins Amanda Lane Kevin Plenzler
Tucker Mackie	PFM PFM PFM
Kutak Rock	
(via phone) (via phone)	
Jeff Newton	Donald W. McIntosh Associates, Inc.
Larry Kaufmann	Construction Supervisor & Construction
Committee Member	(via phone @ 5:08 p.m.)
Scott Thacker	District Landscape Supervisor
Aaron Wilbanks	Berman
Matt McDermott	Construction Committee Member

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Walden called for public comments and noted there is no one from the public present.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the April 19, 2022, Board of Supervisors’ Meeting

Board Members reviewed the minutes from the April 19, 2022, 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 April 19, 2022, Board of Supervisors’ Meeting.

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FOURTH ORDER OF BUSINESS	Letter	from	Supervisor	of Elections – Orange County

Ms. Walden explained that the District is required to state on the record the number of registered voters within the District. As of April 15, 2022, the District has 2,388 registered voters. No action is required.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2022-02, General Election

Ms. Walden explained that this resolution states that Seat 3, currently held by John Lynaugh, Seat 4, currently held by Kyle Scholl, and Seat 5, currently held by Bob da Silva, are up for election through the General Election this November. Included as an exhibit to the resolution is the ad that will be placed noting the qualifying period for candidates with the Orange County Supervisor of Elections.

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 Resolution 2022-02, General Election.

SIXTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year 2021 Audit

Ms. Walden explained District staff has reviewed and provided comments. This was a standard and clean audit. There were no deficiencies in internal controls that would be considered material weaknesses.

On Motion by Mr. Shenai, second by Ms. Leed, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District accepted the Fiscal Year 2021 Audit.

SEVENTH ORDER OF BUSINESS	Matters	Pertaining	to	
	Wellspring	Drive	and	
Performance Drive Project Master Special Assessments
Presentation	of Engineer’s Report for Capital Improvements for	Infrastructure (Wellspring Drive and Performance Drive), dated August 12, 2020
Presentation		of Preliminary Wellspring Drive	and
Performance	Drive
Project		Master Assessment Methodology	Report,

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dated May 2022
Consideration		of Resolution 2022-03, Declaring Wellspring Drive	and
Performance   Drive
Project	Special Assessments
Consideration		of Resolution 2022-04, Setting Public Hearing for Levy of Wellspring Drive	and
Performance   Drive
Project	Special Assessments

Ms. Mackie explained that the Engineer’s Report included in the agenda packet was approved by the District back in August of 2020 and is the basis by which the District has constructed, acquired, or will construct or acquire portions of Wellspring Drive and Performance Drive. The items in the agenda start the process of the Chapter 170 process for the levying of a Master Debt Service Assessment that could formulate the issuance of bonds in the future. Ms. Mackie referenced the map on page 93 highlights the assessment area that could receive a debt service assessment in the future if the District does issue bonds and the operations and maintenance assessment for Wellspring Drive and Performance Drive. The process today for the Board to engage in is an approval of a preliminary assessment methodology, declaring a master assessment, and setting a public hearing for these master debt service assessments. She noted that no debt assessment will be levied against the property unless the District issues bonds, which are not anticipated in the near future, but the District would go through the process by which we would assign benefit to these properties, which would be used for the operations and maintenance assessment. Currently, the Developer funds the maintenance of this right-of-way, and as they are selling the property, they would like to assess for the operations and maintenance of this right-of-way.

Ms. Mackie noted that part of this process includes a published notice and a mailed notice which will go out to the effected parties, which are mainly Tavistock entities. The Board decided that they were comfortable with the Engineer’s Report and the Methodology and did not need a review from District Staff. Ms. Mackie stated that the Board could consider Resolution 2022-03, which would declare the assessments at the total estimated cost of the Improvements, which is $12,300,000.00, and the assessments would defray approximately $16,380,000.00, which includes financing costs.

On Motion by Mr. da Silva, second by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2022-03, Declaring Wellspring Drive and Performance Drive Project Special Assessments.

Ms. Mackie explained the next resolution sets the date, time, and location for the public hearing. Discussion ensued regarding moving the public hearing to July instead of in August with the budget public hearing.

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On Motion by Mr. Shenai, second by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2022-04, Setting Public Hearing for Wellspring Drive and Performance Drive Project Special Assessments for July 19, 2022, at 5:00 p.m. at 6955 Lake Nona Blvd., Orlando, FL 32827.

EIGHTH ORDER OF BUSINESS	Consideration of Resolution 2022-05, Approving a Preliminary Budget for Fiscal Year 2023 and Setting a Public Hearing Date

Ms. Walden explained that the budgets are listed as an exhibit to the resolution. District staff is suggesting approving an Operations and Maintenance budget with expenses of $1,020,882.57 with assessments remaining the same at $858,801.80, a carryforward of $81,861.27, and Wellspring Assessments of
$79,519.50.

On Motion by Mr. Scholl, second by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2022-05, Approving a Preliminary Budget for Fiscal Year 2023 and Setting Public Hearing Date for August 16, 2022, at 5:00 p.m. at 6955 Lake Nona Blvd., Orlando, FL 32827.

NINTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in April 2022 in an amount totaling $19,010.90

The Board reviewed Operation and Maintenance Expenditures paid in April 2022 in an amount totaling
$19,010.90. Ms. Walden noted these have been approved and need to be ratified by the Board.

On Motion by Mr. Shenai, second by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in April 2022 in an amount totaling $19,010.90.

TENTH ORDER OF BUSINESS	Recommendation	of	Work	
	Authorization/Proposed		
	Services (if applicable)		
Mr. Kaufmann noted there were no Work Authorizations.		

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

The Board review the District’s Financial Statements through the end of April 2022. Ms. Walden noted the District has spent $328,000.00 of the $1,009,000.00 budget. No action is required by the Board.

TWELFTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No Report

District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, June 21,
2022.

District Engineer –	No Report Construction Supervisor –	No Report
District Landscape Supervisor- Mr. Thacker explained that he will be transitioning out of his role over the
next couple of months but will be bringing Mr. Aaron Wilbanks, the Berman Landscape Manager, up to speed on District items.

Mr. McDermott noted that Cepra’s landscape proposals are being reviewed as their revisions have been submitted and there should be progress by next month. Mr. Lynaugh asked about the area with the yellow tape in front of the main gate. Mr. McDermott responded that there was an accident there, the County was notified, they did some work, and he will follow up to make sure that everything is back in working order and get the yellow tape removed.

Irrigation Supervisor-	No Report

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests & Adjournment

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

On Motion by Mr. Lynaugh, second by Mr. Shenai, with all in favor, the May 17, 2022, Meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

	_	_		_	
Secretary/Assistant Secretary	Chair/Vice Chair

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MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in May 2022 in an amount totaling $77,674.49

MYRTLE CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 3501 QUADRANGLE BLVD STE 270 ● 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 May 1, 2022 through May 31, 2022. This does not include expenditures previously approved by the Board.

The total items being presented:    $77,674.49

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

6/8/22	Myrtle Creek Improvement District	Page: 1
11:57:32AM	AP Check Register (Current by Bank) Check Dates: 5/1/2022 to 5/31/2022

Check No.	Date	Status*	Vendor ID	Pal£ee Name	Amount	
BANK ID: SUN - CITY NATIONAL BANK	001-101-0000-00-01	
4118	05/06/22	M	BERMAN	Berman Construction		$3.000.01	
4119	05/06/22	M	CEPRA	Cepra Landscape		$20,653.75	
4120	05/06/22	M	DONMC	Donald W. McIntosh Associates		$939.50	
4121	05/06/22	M	JLYNAU	John Peter Lynaugh		$200.00	
4122	05/06/22	M	KSCHOL	Kyle Scholl		$200.00	
4123	05/06/22	M	KSHENA	Kamalakar Shenai		$200.00	
4124	05/06/22	M	KUTAK	Kulak Rock		$739.00	
4125	05/06/22	M	LDASIL	Lionel R. Dasilva		$200.00	
4126	05/06/22	M	MLEED	Marsha Leed		$200.00	
4127	05/06/22	M	ORLSEN	Orlando Sentinel		$1,355.02	
4128	05/06/22	M	TRUSTE	US Bank as Trustee for Myrtle		$42,067.51	
4129	05/23/22	M	AWC	Aquatic Weed Control, Inc.		$325.00	
4130	05/23/22	M	BCID	Boggy Creek lmprov. District		$46.00	
4131	05/23/22	M	BTEGF	Berger, Toombs, Elam, Gaines &		$3,625.00	
4132	05/23/22	M	CEPRA	Cepra Landscape		$1,367.80	
4133	05/23/22	M	ORLSEN	Orlando Sentinel		$237.50	
4134	05/23/22	M	PFMGC	PFM Group Consulting		$3,541.67	
4135	05/23/22	M	TRUSTE	US Bank as Trustee for Myrtle		$20,430.63	
4136	05/25/22	M	BERMAN	Berman Construction		$3,000.01	
4137	05/25/22	M	CEPRA	Cepra Landscape		$22,350.55	
4138	05/25/22	M	DONMC	Donald W. McIntosh Associates		$2,170.00	
4139	05/25/22	M	JLYNAU	John Peter Lynaugh		$200.00	
4140	05/25/22	M	KSCHOL	Kyle Scholl		$200.00	
4141	05/25/22	M	KSHENA	Kamalakar Shenai		$200.00	
4142	05/25/22	M	LDASIL	Lionel R. Dasilva		$200.00	
4143	05/25/22	M	MLEED	Marsha Leed		$200.00	
4144	05/25/22	M	VGLOBA	VGlobalTech		$570.00	
					BANK SUN REGISTER TOTAL:	$128,418.95	
					GRAND TOTAL :	$128,418.95	

65,920.81	Checks 4118-4127, 4129-4134, 4136-4144	
62,498.14	Checks 4128, 4135 for Debt Service	
3,718.83	PA 536 - OUC paid online	
8,034.85	PA 537 - Apr. ICM due to Boggy Creek	

140,172.631 Total cash spent

77,674.491 O&M cash spent

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #533
4/8/2022

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Boggy Creek Improvement District			
	March ICM Expenses	ICM2022-06	$	8,567.30	
2	Cepra Landscape			
	April Landscape Maintenance	ORL1692	$  17,945.75	
3	ouc
Service 03/01/2022 - 04/01/2022	

Acct: 4782400001	

$	3,935.91	
		
TOTAL	
$  30,448.96	

Chairperson

Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

[

--

l

RECEIVED
By Amanda Lane at 8:45 am, Apr 13, 2022
'----·

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #112

4/8/2022				
Item No.	Payee	Invoice Number	General Fund	

1	
Cepra Landscape
Wellspring April Landscaping	

ORL1692	

$  2,708.00	
		
TOTAL	
$  2,708.00	

Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #534
4/22/2022

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Berman Construction			
	April Administrator & Irrigation Specialist	18330	$	3,000.01	
2	Donald W McIntosh Associates			
	Engineering Services Through 03/25/2022	42467	$	447.50	
	Stormwater Management System Needs Analysis	42482	$	492.00	
3	Kutak Rock			
	General Counsel Through 03/31/2022	3038410	$	739.00	
4	Orlando Sentinel			
	Legal Advertising Through 04/03/2022 (Ad: 7176833)	OSC51742387	$	1,355.02	
5	Supervisor Fees - 04/19/2022 Meeting			
	Marsha Leed		$	200.00	
	Kam Shenai		$	200.00	
	John Lynaugh		$	200.00	
	Kyle Scholl		$	200.00	
	Bob da Silva		$	200.00	
		
TOTAL	
$	7,033.53	

Secretary/Assistant Secretary	Chairperson

Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817

RECEIVED
By Amanda Lane at 9:38 am, Apr 28, 2022

LaneA@pfm.com II (407) 723-5925

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #113
4/22/2022

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursment for Construction-Related Legal Advertising on Req 238	OSC51741717	$	46.00	
		
TOTAL	
$	
46.00	

Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #535
4/29/2022

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Orlando Sentinel
Legal Advertising Through 04/12/2022 (Ad: 7184576)	

OSC52418010	

$	237.50	
2	PFM Group Consulting			
	DM Fee: April 2022	DM-04-2022-34	$	3,541.67	
		
TOTAL	
$	3,779.17	

Secretary/Assistant Secretary	Chairperson

Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925

Received on Wednesday, May 11, 2022 - Alane

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #536
5/6/2022		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	May Waterway Service	70709	$	325.00	
2	Berger, Toombs, Elam, Gaines & Frank			
	FY 2021 Audit	358576	$	3,625.00	
3	Berman Construction			
	May Administrator & Irrigation Specialist	19279	$	3,000.01	
4	Cepra Landscape			
	March Irrigation Repairs	ORL1804	$	1,367.80	
	May Landscape Maintenance	ORL1912	$  17,945.75	
5	ouc
Service 04/01/2022 - 05/02/2022	

Acct: 4782400001	
$	3,718.83	
		
TOTAL	
$  29,982.39	

M

\ v(\ V1

1ft ILvJJxL_; 
C  ssistant Secretary	Chairperson

J

(\	Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

RECEIVED
By Amanda Lane at 11:21 am, May 17, 2022

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #114	
5/6/2022					
Item	Payee	Invoice	General	
No.		Number		Fund	

1	
Cepra Landscape				
	Wellspring March Irrigation Repairs	ORL1804	$	529.80	
	Wellspring May Landscaping	ORL1912	$	2,708.00	
		
TOTAL	
$	
3,237.80	

Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #537
5/13/2022		
Item
No.	Payee	Invoice Number	General Fund	

1	
Boggy Creek Improvement District			
	April ICM Expenses	ICM2022-07	$	8,034.85	
2	Donald W McIntosh Associates			
	Engineering Services Through 04/22/2022	42592	$	694.00	
	Stormwater Management System Needs Analysis Through 04/22/2022	42604	$	1,476.00	
		
TOTAL	
$  10,204.85	

Myrtle Creek Improvement Disllict c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Or1ando, FL 32817

RECEIVED
By Amanda Lane at 8:35 am, May 20, 2022

LaneA@pfm.com If (407) 723-5925

Chairperson

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #538
5/20/2022

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Cepra Landscape			
	April Ml and Repairs	ORL2032	$	1,167.00	
2	Supervisor Fees - 05/17/2022 Meeting			
	Marsha Leed		$	200.00	
	Kam Shenai		$	200.00	
	John Lynaugh		$	200.00	
	Kyle Scholl		$	200.00	
	Bob da Silva		$	200.00	
3	VGlobalTech			
	Quarter 1 ADA Audit	3734	$	300.00	
	April Website Maintenance	3795	$	135.00	
	May Website Maintenance	3875	$	135.00	
		
TOTAL	
$	2,737.00	

Secretary/Assistant Secretary	Chairperson

Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817

RECEIVED
By  Amanda Lane at 5:49 pm, May 23, 2022

LaneA@pfm.com II (407) 723-5925

MYRTLE CREEK IMPROVEMENT DISTRICT

Work Authorization/Proposed Services
(if applicable)

MYRTLE CREEK IMPROVEMENT DISTRICT

District’s Financial Position and Budget to Actual YTD

	Myrtle Creek Improvement District	
	Statement of Financial Position	
	As of 5/31/2022	

General Fund	

Debt Service	
Capital Projects Fund	

Assets	
Current Assets		
General Checking Account	$942,313.19	
Money Market Account	68,846.51	
State Board of Administration	4,006.60	
Accounts Receivable - Due from Developer	1,303.30	
Assessments Receivable	31,744.83	
Deposits	4,300.00	
General Reserve	191,043.93	
Assessments Receivable	$49,485.81	
Debt Service Reserve	333,214.42	
Revenue	840,984.31	
Prepayment	962.69	
Sinking Fund A2 Bond	20,000.03	
Accounts Receivable - Due from Developer	$46.00	
Acquisition/Construction	401,943.07	
Total Current Assets	$1,243,558.36	$1,244,647.26	$401,989.07	

Investments		
Amount Available in Debt Service Funds		
Amount To Be Provided		
Total Investments	$0.00	$0.00	$0.00	
Total Assets	$1,243,558.36	$1,244,647.26	$401,989.07	

Liabilities and Net Assets	
Current Liabilities		
Accounts Payable	$4,375.17	
Due To Other Governmental Units	8,527.70	
Deferred Revenue	33,048.13	
Deferred Revenue	$49,485.81	
Accounts Payable	$46.00	
Deferred Revenue	46.00	
Total Current Liabilities	$45,951.00	$49,485.81	$92.00	

Long Term Liabilities		
Revenue Bonds Payable - Long-Term		
Total Long Term Liabilities	$0.00	$0.00	$0.00	
Total Liabilities	$45,951.00	$49,485.81	$92.00	

Page 1 of 2

General Long-	Total Term Debt

$0.00

$1,195,161.45 14,524,838.55

$15,720,000.00

$15,720,000.00		$942,313.19 68,846.51
4,006.60
1,303.30
31,744.83
4,300.00
191,043.93
49,485.81
333,214.42
840,984.31
962.69
20,000.03
46.00
401,943.07

$2,890,194.69

$1,195,161.45 14,524,838.55

$15,720,000.00

$18,610,194.69	

$0.00

$15,720,000.00

$15,720,000.00

$15,720,000.00		

$4,375.17 8,527.70
33,048.13
49,485.81
46.00
46.00

$95,528.81

$15,720,000.00

$15,720,000.00

$15,815,528.81	

Myrtle Creek Improvement District
Statement of Financial Position As of 5/31/2022

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

$1,285,711.94 (561,549.13)
473,444.55

$1,197,607.36

$1,243,558.36	

$1,240,103.22 (44,941.77)

$1,195,161.45

$1,244,647.26	

($417,951.06) 819,878.73
(30.60)

$401,897.07

$401,989.07	

$0.00

$15,720,000.00	
$1,285,711.94 (561,549.13)
473,444.55

1,240,103.22
(44,941.77)

(417,951.06)
819,878.73
(30.60)

$2,794,665.88

$18,610,194.69	

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

Page 2 of 2

Myrtle Creek Improvement District
Statement of Activities As of 5/31/2022	

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

Revenues

On-Roll Assessments Developer Contributions
Other Income & Other Financing Sources On-Roll Assessments
Developer Contributions
Total Revenues	

$825,537.09 26,420.03
114.41

$852,071.53	

$1,286,900.09

$1,286,900.09	

$331.75

$331.75	

$0.00	

$825,537.09 26,420.03
114.41
1,286,900.09
331.75

$2,139,303.37	
Expenses

Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management Engineering Property Appraiser District Counsel
Assessment Administration Reamortization Schedules Audit
Travel and Per Diem Postage & Shipping Legal Advertising Miscellaneous Office Supplies
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees Electric
Entry Lighting Water Reclaimed Aquatic Contract
General Liability Insurance Irrigation
Landscaping Maintenance & Material Flower & Plant Replacement
IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping IME - Lighting
IME - Miscellaneous IME - Water Reclaimed Pest Control Streetlights
Personnel Leasing Agreement Principal Payments
Interest Payments Legal Advertising
Total Expenses	

$5,000.00 3,620.00
7,113.66
28,333.36
4,954.00
2,122.41
7,265.11
7,500.00
125.00
3,625.00
19.61
10.36
3,043.77
109.04
245.00
1,630.00
600.00
175.00
981.78
122.05
14,143.51
2,600.00
4,147.00
16,313.00
165,545.92
4,925.00
2,104.24
1,977.57
58,485.24
502.71
96.08
257.55
1,405.00
6,036.59
24,000.08

$379,134.64	

$785,000.00 546,900.00

$1,331,900.00	

$377.75

$377.75	

$0.00	

$5,000.00 3,620.00
7,113.66
28,333.36
4,954.00
2,122.41
7,265.11
7,500.00
125.00
3,625.00
19.61
10.36
3,043.77
109.04
245.00
1,630.00
600.00
175.00
981.78
122.05
14,143.51
2,600.00
4,147.00
16,313.00
165,545.92
4,925.00
2,104.24
1,977.57
58,485.24
502.71
96.08
257.55
1,405.00
6,036.59
24,000.08
785,000.00
546,900.00
377.75

$1,711,412.39	

Page 1 of 2

Myrtle Creek Improvement District
Statement of Activities As of 5/31/2022

General Fund		Debt Service		Capital Projects Fund		General Long- Term Debt		Total	
Other Revenues (Expenses) & Gains (Losses)

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

$507.66

$507.66		

$58.14

$58.14		

$15.40

$15.40		

$0.00		

$507.66 58.14
15.40

$581.20	
Change In Net Assets	$473,444.55		($44,941.77)		($30.60)		$0.00		$428,472.18	

Net Assets At Beginning Of Year	
$724,162.81		
$1,240,103.22		
$401,927.67		
$0.00		
$2,366,193.70	

Net Assets At End Of Year	

$1,197,607.36		

$1,195,161.45		

$401,897.07		

$0.00		

$2,794,665.88	

Page 2 of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31/2022

Actual	Budget	Variance

FY 2022	Percentage Adopted Budget		Spent

$	1,309,628.88	$	669,124.38	$	640,504.50	$  1,003,686.58	130.48%	

$	

5,000.00	

$	

8,000.00	

$	

(3,000.00)	

$	12,000.00	

41.67%	
	3,620.00		2,666.67		953.33	4,000.00	90.50%	
	7,113.66		6,666.67		446.99	10,000.00	71.14%	
	28,333.36		28,333.33		0.03	42,500.00	66.67%	
	4,954.00		6,666.67		(1,712.67)	10,000.00	49.54%	
	-		4,666.67		(4,666.67)	7,000.00	0.00%	
	2,122.41		1,333.33		789.08	2,000.00	106.12%	
	7,265.11		16,666.67		(9,401.56)	25,000.00	29.06%	
	7,500.00		5,000.00		2,500.00	7,500.00	100.00%	
	125.00		166.67		(41.67)	250.00	50.00%	
	3,625.00		2,666.67		958.33	4,000.00	90.63%	
	-		600.00		(600.00)	900.00	0.00%	
	19.61		200.00		(180.39)	300.00	6.54%	
	-		33.33		(33.33)	50.00	0.00%	
	10.36		666.67		(656.31)	1,000.00	1.04%	
	-		1,333.33		(1,333.33)	2,000.00	0.00%	
	3,043.77		4,333.33		(1,289.56)	6,500.00	46.83%	
	-		240.00		(240.00)	360.00	0.00%	
	109.04		6,333.33		(6,224.29)	9,500.00	1.15%	
	245.00		166.67		78.33	250.00	98.00%	
	-		1,666.67		(1,666.67)	2,500.00	0.00%	
	1,630.00		1,800.00		(170.00)	2,700.00	60.37%	
	600.00		833.33		(233.33)	1,250.00	48.00%	
	175.00		116.67		58.33	175.00	100.00%	

Revenues

On-Roll Assessments	$	825,537.09	$	572,534.53	$	253,002.56	$	858,801.80	96.13%	
Developer Contributions	26,420.03	40,213.00	(13,792.97)	60,319.50	43.80%	
Other Income & Other Financing Sources	114.41	-	114.41	-		
Carryforward Revenue	457,557.35	56,376.85	401,180.50	84,565.28	541.07%	
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										
Bank Fees										
Miscellaneous										
Office Supplies										
Property Taxes										
Web Site Maintenance										
Holiday Decorations										
Dues, Licenses, and Fees										
Total General & Administrative Expenses	$	75,491.32	$	101,156.68	$	(25,665.36)	$	151,735.00	49.75%	

Page 1 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31/2022

Actual	Budget	Variance	FY 2022
Adopted Budget	Percentage Spent	

$	717.96	$	1,000.00	$
122.05	333.33	

(282.04)
(211.28)	

$	1,500.00
500.00	

47.86%
24.41%	
12,393.08	13,333.33	(940.25)	20,000.00	61.97%	
2,600.00	2,666.67
-	3,333.33	(66.67)
(3,333.33)	4,000.00
5,000.00	65.00%
0.00%	
4,147.00	3,000.00
-	1,133.33
-	333.33	1,147.00
(1,133.33)
(333.33)	4,500.00
1,700.00
500.00	92.16%
0.00%
0.00%	
15,065.60	30,000.00
1,247.40	6,666.67	(14,934.40)
(5,419.27)	45,000.00
10,000.00	33.48%
12.47%	
				
143,566.00	142,683.67
315.92	315.92
21,664.00	22,546.33
-	26,666.67	882.33
- (882.33)
(26,666.67)	214,025.50
473.88
33,819.50
40,000.00	67.08%
66.67%
64.06%
0.00%	
2,303.00	83,333.33
2,622.00	6,666.67
-	57,110.12
1,405.00	1,873.33
-	33,333.33	(81,030.33)
(4,044.67)
(57,110.12)
(468.33)
(33,333.33)	125,000.00
10,000.00
85,665.18
2,810.00
50,000.00	1.84%
26.22%
0.00%
50.00%
0.00%	
263.82	333.33
-	2,333.33
1,750.43	1,666.67	(69.51)
(2,333.33)
83.76	500.00
3,500.00
2,500.00	52.76%
0.00%
70.02%	

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 Repairs
District Irrigation Repairs Wellspring Irrigation Repairs
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

Page 2 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31/2022

Actual	Budget	Variance

FY 2022	Percentage Adopted Budget		Spent

Interchange Maintenance Expenses

IME - Aquatics Maintenance	2,104.24	2,226.00	(121.76)	3,339.00	63.02%	
IME - Irrigation Repairs	1,977.57	2,100.00	(122.43)	3,150.00	62.78%	
IME - Landscaping	58,485.24	57,100.68	1,384.56	85,651.02	68.28%	
IME - Lighting	502.71	525.00	(22.29)	787.50	63.84%	
IME - Miscellaneous	96.08	2,730.00	(2,633.92)	4,095.00	2.35%	
IME - Water Reclaimed	257.55	1,050.00	(792.45)	1,575.00	16.35%	
New Operational Field Expenses
Trail Repair	
-	
10,000.00	
(10,000.00)	
15,000.00	
0.00%	
Road & Street Facilities
Entry and Wall Maintenance	
-	
6,666.67	
(6,666.67)	
10,000.00	
0.00%	
Streetlights	6,036.59	10,000.00	(3,963.41)	15,000.00	40.24%	
Parks & Recreation
Personnel Leasing Agreement	
24,000.08	
24,000.00	
0.08	
36,000.00	
66.67%	
Reserves
Infrastructure Capital Reserve	
-	
13,333.33	
(13,333.33)	
20,000.00	
0.00%	
Interchange Maintenance Reserve	-	1,573.33	(1,573.33)	2,360.00	0.00%	

Total Field Operations Expenses	$	303,643.32		$	571,967.70		$	(268,324.38)		$	857,951.58		35.39%	

Total Expenses	
$	
379,134.64		
$	
673,124.38		
$	
(293,989.74)		
$	
1,009,686.58		
37.55%	
Income (Loss) from Operations	$	930,494.24		$	(4,000.00)		$	934,494.24		$	(6,000.00)			

Other Income (Expense)
Interest Income
Total Other Income (Expense)	

$	

507.66		

$	

4,000.00		

$	

(3,492.34)		

$	

6,000.00		

8.46%	
	$	507.66		$	4,000.00		$	(3,492.34)		$	6,000.00		8.46%	
Net Income (Loss)	$	931,001.90		$	-		$	931,001.90		$	-		

Page 3 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31/2022	
	
Oct-21	
Nov-21	
Dec-21	
Jan-22		
Feb-22		
Mar-22		
Apr-22	
May-22	

Revenues
On-Roll Assessments Developer Contributions
Other Income & Financing Sources Carryforward Revenue
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 Bank Fees Miscellaneous Office Supplies Property Taxes
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
Total General & Administrative Expenses	

$	-
2,708.00
- 472,619.09
$ 475,327.09

$	-

3,620.00
7,113.66
3,541.67
-
-
-
- 7,500.00
-
-
-
-
-
-
- 248.75

-
-
- 125.00
- 175.00
$  22,324.08	

$ 83,327.49	$ 230,468.65	$ 242,875.35
2,708.00	3,219.79	2,708.00
-	-	114.41
(49,324.50)	34,262.76	-
$ 36,710.99	$ 267,951.20	$ 245,697.76

$  1,000.00	$	-	$	1,000.00

-	-	-
-	-	-
3,541.67	3,541.67	3,541.67
250.00	381.50	-
-	-	-
-	-	-
-	778.26	-
-	-	-
-	125.00	-
-	-	-
-	-	-
-	8.21	-
-	-	-
-	3.37	0.53
-	-	-
-	252.50	237.50

3.85	35.98	-
-	-	-
-	-	-
125.00	425.00	125.00
-	600.00	-
-	-	-
$  4,920.52	$	6,151.49	$	4,904.70	

$

$

$

$	

155,779.89
2,708.00
-
-
158,487.89

1,000.00

-
- 3,541.67
569.00
-
-
-
-
-
-
- 5.67
- 6.46
-
-

0.96
-
-
-
-
-
5,123.76	

$

$

$

$	

72,993.60
4,142.44
-
-
77,136.04

-

-
- 3,541.67
644.00
- 2,122.41
5,747.85
-
-
-
- 5.73
-
-
- 475.00

0.96
245.00
- 260.00
-
-
13,042.62	

$

$

$

$	

26,986.00
4,988.00
-
-
31,974.00

1,000.00

-
- 3,541.67
939.50
-
- 739.00
-
-
-
-
-
-
-
- 1,592.52

66.32
-
-
-
-
-
7,879.01	

$ 13,106.11
3,237.80
-
-
$ 16,343.91

$  1,000.00

-
- 3,541.67
2,170.00
-
-
-
-
- 3,625.00
-
-
-
-
- 237.50

0.97
-
- 570.00
-
-
$ 11,145.14	

 
YTD Actual

$	825,537.09
26,420.03
114.41
457,557.35	
$ 1,309,628.88

$	5,000.00

3,620.00
7,113.66
28,333.36
4,954.00
- 2,122.41
7,265.11
7,500.00
125.00
3,625.00
- 19.61
- 10.36
- 3,043.77
- 109.04
245.00
- 1,630.00
600.00
175.00	
$	75,491.32	

Page 1 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31/2022

	Oct-21	Nov-21	Dec-21	Jan-22	Feb-22	Mar-22	Apr-22	May-22	YTD Actual	

$	

-	

$	102.37	

$	

102.37	

$	

103.76	

$	

102.26	

$	

101.61	

$	

102.90	

$	102.69	

$	717.96	
	-	22.52	22.64	-	19.22	19.12	19.22	19.33	122.05	
	-	2,169.75	1,451.33	1,699.70	1,315.91	1,165.69	2,395.89	2,194.81	12,393.08	
	325.00	325.00	325.00	325.00	325.00	325.00	325.00	325.00	2,600.00	
	-	-	-	-	-	-	-	-	-	
	4,147.00	-	-	-	-	-	-	-	4,147.00	
	-	-	-	-	-	-	-	-	-	
	-	-	-	-	-	-	-	-	-	
	-	3,208.40	-	3,793.60	3,569.80	1,959.00	-	2,534.80	15,065.60	
	-	-	-	-	121.60	-	-	1,125.80	1,247.40	
		
	17,945.75	17,945.75	17,945.75	17,945.75	17,945.75	17,945.75	17,945.75	17,945.75	143,566.00	
	39.49	39.49	39.49	39.49	39.49	39.49	39.49	39.49	315.92	
	2,708.00	2,708.00	2,708.00	2,708.00	2,708.00	2,708.00	2,708.00	2,708.00	21,664.00	
	-	-	-	-	-	-	-	-	-	
	-	-	-	-	-	2,303.00	-	-	2,303.00	
	-	-	-	-	-	2,622.00	-	-	2,622.00	
	-	-	-	-	-	-	-	-	-	
	-	-	-	-	-	1,405.00	-	-	1,405.00	
	-	-	-	-	-	-	-	-	-	
	-	37.62	37.52	38.00	37.49	37.49	37.90	37.80	263.82	
	-	-	-	-	-	-	-	-	-	
	-	254.96	234.95	203.17	194.42	233.27	322.73	306.93	1,750.43	
	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
2,104.24	
	-	-	-	398.47	654.26	446.04	-	478.80	1,977.57	
	6,363.21	6,363.21	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47	58,485.24	
	-	72.28	73.16	80.20	72.48	67.93	71.74	64.92	502.71	
	-	-	-	-	-	96.08	-	-	96.08	
	-	36.51	22.82	45.64	35.21	28.26	34.12	54.99	257.55	
	-	-	-	-	-	-	-	-	-	
	-	-	-	-	-	-	-	-	-	
	-	1,079.25	1,079.25	(311.85)	1,091.56	985.78	1,056.30	1,056.30	6,036.59	

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
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

Page 2 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 05/31/2022	
		
Oct-21			
Nov-21		
Dec-21		
Jan-22			
Feb-22			
Mar-22			
Apr-22		
May-22	
Parks & Recreation																					
Personnel Leasing Agreement		3,000.01			3,000.01		3,000.01		-			6,000.02			3,000.01			3,000.01		3,000.01	
Contingency																					
Infrastructure Capital Reserve		-			-		-		-			-			-			-		-	
Interchange Maintenance Reserve		-			-		-		-			-			-			-		-	
Total Field Operations Expenses	$	34,791.49		$	37,628.15		$  34,931.79		$  34,958.43		$	42,121.97		$	43,378.02		$	35,948.55		$ 39,884.92	

Total Expenses	
 $ 	
57,115.57 		
 $ 	
42,548.67 		
 $  41,083.28 		
 $  39,863.13 		
 $		
47,245.73 		
 $ 	
56,420.64 		
 $ 	
43,827.56 		
 $ 51,030.06 	
Income (Loss) from Operations	$	418,211.52		$	(5,837.68)		$ 226,867.92		$ 205,834.63		$	111,242.16		$	20,715.40		$	(11,853.56)		$ (34,686.15)	
Other Income (Expense)
Interest Income
Total Other Income (Expense)	

$	

25.50		

$	

28.41		

$	61.34		

$	33.47		

$	

31.07		

$	

256.54		

$	

33.31		

$	38.02	
	$	25.50		$	28.41		$	61.34		$	33.47		$	31.07		$	256.54		$	33.31		$	38.02	
Net Income (Loss)	$	418,237.02		$	(5,809.27)		$ 226,929.26		$ 205,868.10		$	111,273.23		$	20,971.94		$	(11,820.25)		$ (34,648.13)	

 
YTD Actual

24,000.08

-
-	
$	303,643.32

$	379,134.64	

$	930,494.24

$	507.66	
$	507.66	
$	931,001.90	

Page 3 of 3

Myrtle Creek Improvement District Cash Flow

FY21 Inflows	FY21 Outflows	FY22 Inflows	FY22 Outflows	End. Cash	

19,079.21	
(38,455.34)	
2,713.58	
(35,195.43)	
418,217.10	
166.65	(2,495.06)	215,938.17	(20,262.56)	611,564.30	
215.36	(125.00)	592,828.31	(558,238.09)	646,244.88	
-	-	624,205.00	(418,038.53)	852,411.35	
-	-	401,430.47	(234,532.17)	1,019,309.65	
-	-	189,081.31	(217,827.23)	990,563.73	
-	-	74,098.96	(19,010.90)	1,045,651.79	
-	-	36,834.03	(140,172.63)	942,313.19	
-	-	-	(3,779.17)	938,534.02 as of 06/08/2022	

Beg. Cash

10/1/2021	470,075.08	
11/1/2021	418,217.10	
12/1/2021	611,564.30	
1/1/2022	646,244.88	
2/1/2022	852,411.35	
3/1/2022	1,019,309.65	
4/1/2022	990,563.73	
5/1/2022	1,045,651.79	
6/1/2022	942,313.19	

Totals	2,309,903.04	(2,127,193.13)	2,137,129.83	(1,654,823.71)

Myrtle Creek Improvement District Construction Tracking - early June

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		 219,907.18
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	401,943.07

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	401,943.07

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

Total Committed	$	-
==========	
Net Uncommitted		401,943.07