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, August 16, 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 July 19, 2022, Board of Supervisors’ Meeting (provided under separate cover)
Consideration of Resolution 2022-07, Approving an Annual Meeting Schedule for Fiscal Year 2023

Business Matters
Public Hearing on the Adoption of the District’s Annual Budget and Imposition of Special Assessments
Public Comments and Testimony
Board Comments
Consideration of Resolution 2022-08, Adopting the Fiscal Year 2023 Budget and Appropriating Funds (exhibit provided under separate cover)
Consideration of Resolution 2022-09, Adopting an Assessment Roll and Certifying Special Assessments (exhibits provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in July 2022 in an amount totaling $78,422.01
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 July 19, 2022, Board of Supervisors’ Meeting (provided under separate cover)

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2022-07,
Approving an Annual Meeting Schedule for Fiscal Year 2023

RESOLUTION 2022-07

A RESOLUTION OF THE MYRTLE CREEK IMRPOVEMENT DISTRICT DESIGNATING DATES, TIMES AND LOCATIONS FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Myrtle Creek Improvement District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated in City of Orlando, Florida; and

WHEREAS, the Board of Supervisors of the District (“Board”) is statutorily authorized to exercise the powers granted to the District; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes; and

WHEREAS, the Board is statutorily required to file annually, with the local governing authority and the Florida Department of Economic Opportunity, a schedule of its regular meetings.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT:

Regular meetings of the District’s Board shall be held as provided on the schedule attached hereto as Exhibit A.

In accordance with Section 189.015(1), Florida Statutes, the District’s Secretary is hereby directed to file annually with Orange County a schedule of the District’s regular meetings.

This Resolution shall take effect immediately upon adoption.

Adopted this 16TH day of August, 2022.

ATTEST:	Myrtle Creek Improvement District

Secretary/Assistant Secretary	Chairman/Vice Chairman

EXHIBIT A

Myrtle Creek Improvement District Fiscal Year 2022-2023

The Board of Supervisors of the Myrtle Creek Improvement District will hold its meetings for the Fiscal Year 2023 at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd., Orlando, Florida 32827 at 5:00 p.m. on the third Tuesday of each month unless otherwise noted below.

October 18, 2022
November 15, 2022
December 20, 2022
January 17, 2023
February 21, 2023
March 21, 2023
April 18, 2023
May 16, 2023
June 20, 2023
July 18, 2023
August 15, 2023
September 19, 2023

Construction Committee of the Boggy Creek, Greeneway, Midtown & Myrtle Creek Improvement Districts and the Poitras East Community Development District Fiscal Year 2022-2023

The Construction Committee of the Boggy Creek, Greeneway, Midtown and Myrtle Creek Improvement Districts and the Poitras East Community Development District will be meeting for the Fiscal Year 2023 in the office of Donald W. McIntosh Associates, Inc., 2200 Park Avenue North, Winter Park, FL 32789 at 3:30 p.m. every other week as follows:

October 6 & 20, 2022
November 3 & 17, 2022
December 1, 15 & 29, 2022
January 12 & 26, 2023
February 9 & 23, 2023
March 9 & 23, 2023
April 6 & 20, 2023
May 4 & 18, 2023
June 1, 15 & 29, 2023
July 13 & 27, 2023
August 10 & 24, 2023
September 7 & 21, 2023

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2022-08,
Adopting the Fiscal Year 2023 Budget and Appropriating Funds
(exhibit provided under separate cover)

RESOLUTION 2022-08

THE ANNUAL APPROPRIATION RESOLUTION OF THE MYRTLE CREEK IMPROVEMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2022, submitted to the Board of Supervisors (“Board”) of the Myrtle Creek Improvement District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT:

SECTION 1.	BUDGET

a.	The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the
District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.	
b.	The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.	
c.	The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Myrtle Creek Improvement District for the Fiscal Year Ending September 30, 2023.”	
d.	The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption and shall remain on the website for at least 2 years.	

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2022/2023, the sum of
$	 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in
the following fashion:			
TOTAL GENERAL FUND	$		
DEBT SERVICE FUND(S)	$		
TOTAL ALL FUNDS		$		
SECTION 3.	BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2022/2023, or within 60 days following the end of the Fiscal Year 2022/2023, may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 16TH DAY OF AUGUST 2022.

ATTEST:	MYRTLE CREEK IMPROVEMENT
DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A: Fiscal Year 2022/2023 Budget

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2022-09,
Adopting an Assessment Roll and Certifying Special Assessments
(exhibits provided under separate cover)

RESOLUTION 2022-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2022/2023; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Myrtle Creek Improvement District (“District”) is a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Orange County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”), attached hereto as Exhibit “A” and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2022/2023; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Myrtle Creek Improvement District (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT:

SECTION 1.  BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B,” is hereby found to be fair and reasonable.

SECTION 2.  ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4.	ASSESSMENT ROLL.  The Assessment Roll, attached to this Resolution as
Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County

Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5.  Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 16th day of August 2022.

ATTEST:	MYRTLE CREEK IMPROVEMENT DISTRICT

Secretary / Assistant Secretary	Chair / Vice Chair, Board of Supervisors

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Exhibit A
Budget

Exhibit B
Assessment Roll

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in July 2022 in an amount totaling $78,422.01

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 July 1, 2022 through July 31, 2022. This does not include expenditures previously approved by the Board.

The total items being presented:    $78,422.01

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

				   
     
    		
 			 	 		
						
      			
				  		
				 		
				  		
				 		
				   		
				 		
				   		
				 		
				  		
				   		
				 		
				 		
				  		
				   		
				    		
				  		
				     		
				   	
	
				  	
	

                        
    

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #118
6/10/2022

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District
Reimbursment for Construction-Related Legal Advertising on Req 246				
		OSC54769632	$	46.00	
2	Cepra Landscape
Wellspring May Irrigation Repairs Wellspring June Landscaping				
		ORL2136 ORL2157	$
$	201.00
2,708.00	
3	Donald W McIntosh Associates
Wellspring Engineering Services Through 05/20/2022				
		42709	$	125.00	
		
TOTAL	
$	
3,080.00	

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 9:49 am, Jun 30, 2022

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #541
6/24/2022

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Supervisor Fees - 06/21/2022 Meeting
Marsha Leed		

$	200.00	
	Kam Shenai		$	200.00	
	John Lynaugh		$	200.00	
	Bob da Silva		$	200.00	
		
TOTAL	
$	800.00	

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #542 (revised)
7/1/2022		
Item	Payee	Invoice		General	
No.		Number		Fund	

1	
Kutak Rock				
	General Counsel Through 05/31/2022	3067839	$	1,428.96	
2	  9FlaRdO Sentinel	
	tegal 11.dvertislrig or1 oet lztt2022 (Ad. 7'227'0zt2)	
tegal Adve,tisi,,g 011 00/1912022 (Ads. 7229265 1 0, 7229565 2 Q)	
0S055847286
0S0726153	

$
$	
237.5Q
2,976.00	

3	PFM Group Consulting
May Reimbursables	OE-EXP-06-0029	$	1.06
TOTAL	$	4,642.62
$1,430.02

ry/Assistant Secretary

Chairperson

1o lmpro,am l -

c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270		

Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925

RECEIVED
By Amanda Lane at 9:20 am, Jul 11, 2022

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #543

7/8/2022		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	July Waterway Service	72747	$	325.00	
2	Berman Construction			
	June Administrator & Irrigation Specialist	19879	$	3,000.01	
	November Administrator & Irrigation Specialist	20520	$	3,000.01	
3	Boggy Creek Improvement District			
	June ICM Expenses	ICM2022-09	$	8,574.48	
4	Cepra Landscape			
	July Landscape Maintenance	ORL2366	$  17,945.75	
	Clock 1 Troubleshooting and Repairs	ORL2495	$	2,000.00	
	Oak Tree Bubbler Installation	ORL2497	$	534.40	
	Pine Tree Removal	ORL2513	$  10,000.00	
5	Digital Assurance Certification			
	Annual Dissemination Services	59334	$	1,500.00	
6	Donald W McIntosh Associates			
	Engineering Services Through 06/17/2022	42823	$	375.00	
	Stormwater Management System Needs Analysis Through 06/24/2022	42836	$	1,968.00	
7	HTFL			
Live Oaks (9) Installation	10136	$  36,000.00	
TOTAL	
$  85,222.65	

Secretary/Assistant Secretary

l

lvv
1\ Myrtle Creek Improvement District
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270

Chairperson

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #544
7/15/2022

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Cepra Landscape			
	June Irrigation Repairs	ORL2496	$	1,361.00	
2	ouc
Service 06/02/2022 - 07/01/2022	

Acct: 4782400001	
$	3,893.17	
3	PFM Group Consulting
Billable Expenses	

120881	
$	39.26	
	DM Fee: July 2022	DM-07-2022-31	$	3,541.67	
		
TOTAL	
$	8,835.10	

Secretary/Assistant Secretary	Chairperson

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

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 7/31/2022

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$838,977.67				
68,857.09				
4,016.87				
944.92				
10,525.69				
4,300.00				
191,073.27				
	$16,408.06			
	333,478.10			
	874,737.06			
	962.69			
	20,000.03			
			$46.00	
			402,261.14	
$1,118,695.51	$1,245,585.94		$402,307.14	
$0.00	$0.00		$0.00	
$1,118,695.51	$1,245,585.94		$402,307.14	

General Long- Term Debt		Total	

$0.00		

$838,977.67 68,857.09
4,016.87
944.92
10,525.69
4,300.00
191,073.27
16,408.06
333,478.10
874,737.06
962.69
20,000.03
46.00
402,261.14
$2,766,588.59	

$1,229,177.88 14,490,822.12
$15,720,000.00		
$1,229,177.88 14,490,822.12
$15,720,000.00	
$15,720,000.00		$18,486,588.59	

Current Assets
General Checking Account Money Market Account
State Board of Administration
Accounts Receivable - Due from Developer Assessments Receivable
Deposits General Reserve
Assessments Receivable Debt Service Reserve Revenue
Prepayment
Sinking Fund A2 Bond
Accounts Receivable - Due from Developer Acquisition/Construction
Total Current Assets

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

Myrtle Creek Improvement District

General Long- Term Debt		Total	

$0.00		

$27,330.87 8,038.60
11,470.61
16,408.06
46.00
46.00
$63,340.14	

$15,720,000.00
$15,720,000.00		
$15,720,000.00
$15,720,000.00	
$15,720,000.00		$15,783,340.14	

$1,285,711.94 (561,549.13)
347,692.62

1,240,103.22
(10,925.34)

(417,951.06)
819,878.73
287.47	
$0.00		$2,703,248.45	
			
$15,720,000.00		$18,486,588.59	

Statement of Financial Position As of 7/31/2022

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

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities

Total Liabilities

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

General Fund	Debt Service

Liabilities and Net Assets

8,038.60
11,470.61

$46,840.08		

$16,408.06

$16,408.06		

$46.00 46.00
$92.00	
$0.00		$0.00		$0.00	
$46,840.08		$16,408.06		$92.00	

$1,285,711.94 (561,549.13)
347,692.62		

$1,240,103.22 (10,925.34)		

($417,951.06) 819,878.73
287.47	
$1,071,855.43		$1,229,177.88		$402,215.14	
					
$1,118,695.51		$1,245,585.94		$402,307.14	

$27,330.87

Capital Projects Fund

 			 

Myrtle Creek Improvement District
Statement of Activities As of 7/31/2022	
	
General Fund	
Debt Service	
Capital Projects Fund	
General Long- Term Debt	
Total	

Revenues						
On-Roll Assessments	$846,756.23				$846,756.23	
Developer Contributions	33,465.33				33,465.33	
Other Income & Other Financing Sources	114.41				114.41	
On-Roll Assessments		$1,319,977.84			1,319,977.84	
Developer Contributions			$423.75		423.75	
Total Revenues	

$880,335.97	

$1,319,977.84	

$423.75	

$0.00	

$2,200,737.56	
Expenses						
Supervisor Fees	$6,600.00				$6,600.00	
Public Officials' Liability Insurance	3,620.00				3,620.00	
Trustee Services	7,113.66				7,113.66	
Management	35,416.70				35,416.70	
Engineering	13,707.50				13,707.50	
Dissemination Agent	1,500.00				1,500.00	
Property Appraiser	2,122.41				2,122.41	
District Counsel	12,604.94				12,604.94	
Assessment Administration	7,500.00				7,500.00	
Reamortization Schedules	125.00				125.00	
Audit	3,625.00				3,625.00	
Travel and Per Diem	38.22				38.22	
Postage & Shipping	42.19				42.19	
Legal Advertising	3,221.19				3,221.19	
Miscellaneous	175.24				175.24	
Office Supplies	245.00				245.00	
Web Site Maintenance	2,200.00				2,200.00	
Holiday Decorations	600.00				600.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	1,265.57				1,265.57	
Entry Lighting	160.79				160.79	
Water Reclaimed	20,297.43				20,297.43	
Aquatic Contract	3,250.00				3,250.00	
General Liability Insurance	4,147.00				4,147.00	
Irrigation	26,201.50				26,201.50	
Landscaping Maintenance & Material	206,932.40				206,932.40	
Tree Trimming	10,000.00				10,000.00	
Flower & Plant Replacement	40,925.00				40,925.00	

Myrtle Creek Improvement District
Statement of Activities As of 7/31/2022

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

IME - Aquatics Maintenance	2,630.30								2,630.30	
IME - Irrigation	2,497.19								2,497.19	
IME - Landscaping	73,738.18								73,738.18	
IME - Lighting	635.82								635.82	
IME - Miscellaneous	96.08								96.08	
IME - Water Reclaimed	359.92								359.92	
Pest Control	1,405.00								1,405.00	
Streetlights	8,149.19								8,149.19	
Personnel Leasing Agreement	30,000.10								30,000.10	
Principal Payments			$785,000.00						785,000.00	
Interest Payments			546,900.00						546,900.00	
Legal Advertising					$469.75				469.75	
Total Expenses	$533,323.52		$1,331,900.00		$469.75		$0.00		$1,865,693.27	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$680.17								$680.17	
Interest Income			$996.82						996.82	
Interest Income					$333.47				333.47	
Total Other Revenues (Expenses) & Gains (Losses)	$680.17		$996.82		$333.47		$0.00		$2,010.46	
Change In Net Assets	$347,692.62		($10,925.34)		$287.47		$0.00		$337,054.75	

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	
$1,071,855.43		
$1,229,177.88		
$402,215.14		
$0.00		
$2,703,248.45	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 07/31/2022

Actual	Budget	Variance

FY 2022	Percentage Adopted Budget		Spent

$	1,337,893.32	$	836,405.49	$	501,487.83	$  1,003,686.58	133.30%	

$	

6,600.00	

$	

10,000.00	

$	

(3,400.00)	
$	12,000.00	
55.00%	
	3,620.00		3,333.33		286.67	4,000.00	90.50%	
	7,113.66		8,333.33		(1,219.67)	10,000.00	71.14%	
	35,416.70		35,416.67		0.03	42,500.00	83.33%	
	13,707.50		8,333.33		5,374.17	10,000.00	137.08%	
	1,500.00		5,833.33		(4,333.33)	7,000.00	21.43%	
	2,122.41		1,666.67		455.74	2,000.00	106.12%	
	12,604.94		20,833.33		(8,228.39)	25,000.00	50.42%	
	7,500.00		6,250.00		1,250.00	7,500.00	100.00%	
	125.00		208.33		(83.33)	250.00	50.00%	
	3,625.00		3,333.33		291.67	4,000.00	90.63%	
	-		750.00		(750.00)	900.00	0.00%	
	38.22		250.00		(211.78)	300.00	12.74%	
	-		41.67		(41.67)	50.00	0.00%	
	42.19		833.33		(791.14)	1,000.00	4.22%	
	-		1,666.67		(1,666.67)	2,000.00	0.00%	
	3,221.19		5,416.67		(2,195.48)	6,500.00	49.56%	
	-		300.00		(300.00)	360.00	0.00%	
	175.24		7,916.67		(7,741.43)	9,500.00	1.84%	
	245.00		208.33		36.67	250.00	98.00%	
	-		2,083.33		(2,083.33)	2,500.00	0.00%	
	2,200.00		2,250.00		(50.00)	2,700.00	81.48%	
	600.00		1,041.67		(441.67)	1,250.00	48.00%	
	175.00		145.83		29.17	175.00	100.00%	

Revenues

On-Roll Assessments	$	846,756.23	$	715,668.17	$	131,088.06	$	858,801.80	98.60%	
Developer Contributions	33,465.33	50,266.25	(16,800.92)	60,319.50	55.48%	
Other Income & Other Financing Sources	114.41	-	114.41	-		
Carryforward Revenue	457,557.35	70,471.07	387,086.28	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	$	100,632.05	$	126,445.82	$	(25,813.77)	$	151,735.00	66.32%	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 07/31/2022

Actual	Budget	Variance	FY 2022
Adopted Budget	Percentage Spent	

$	925.62	$	1,250.00	$
160.79	416.67	

(324.38)
(255.88)	

$	1,500.00
500.00	

61.71%
32.16%	
17,680.16	16,666.67	1,013.49	20,000.00	88.40%	
3,250.00	3,333.33
-	4,166.67	(83.33)
(4,166.67)	4,000.00
5,000.00	81.25%
0.00%	

4,147.00	3,750.00
-	1,416.67
-	416.67	397.00
(1,416.67)
(416.67)	4,500.00
1,700.00
500.00	92.16%
0.00%
0.00%	
24,753.10	37,500.00
1,448.40	8,333.33	(12,746.90)
(6,884.93)	45,000.00
10,000.00	55.01%
14.48%	
				
179,457.50	178,354.58
394.90	394.90
27,080.00	28,182.92
10,000.00	33,333.33	1,102.92
- (1,102.92)
(23,333.33)	214,025.50
473.88
33,819.50
40,000.00	83.85%
83.33%
80.07%
25.00%	
38,303.00	104,166.67
2,622.00	8,333.33
-	71,387.65
1,405.00	2,341.67
-	41,666.67	(65,863.67)
(5,711.33)
(71,387.65)
(936.67)
(41,666.67)	125,000.00
10,000.00
85,665.18
2,810.00
50,000.00	30.64%
26.22%
0.00%
50.00%
0.00%	
339.95	416.67
-	2,916.67
2,617.27	2,083.33	(76.72)
(2,916.67)
533.94	500.00
3,500.00
2,500.00	67.99%
0.00%
104.69%	

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

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 07/31/2022

Actual	Budget	Variance

FY 2022	Percentage Adopted Budget		Spent

Interchange Maintenance Expenses

IME - Aquatics Maintenance	2,630.30	2,782.50	(152.20)	3,339.00	78.78%	
IME - Irrigation Repairs	2,497.19	2,625.00	(127.81)	3,150.00	79.28%	
IME - Landscaping	73,738.18	71,375.85	2,362.33	85,651.02	86.09%	
IME - Lighting	635.82	656.25	(20.43)	787.50	80.74%	
IME - Miscellaneous	96.08	3,412.50	(3,316.42)	4,095.00	2.35%	
IME - Water Reclaimed	359.92	1,312.50	(952.58)	1,575.00	22.85%	
New Operational Field Expenses
Trail Repair	
-	
12,500.00	
(12,500.00)	
15,000.00	
0.00%	
Road & Street Facilities
Entry and Wall Maintenance	
-	
8,333.33	
(8,333.33)	
10,000.00	
0.00%	
Streetlights	8,149.19	12,500.00	(4,350.81)	15,000.00	54.33%	
Parks & Recreation
Personnel Leasing Agreement	
30,000.10	
30,000.00	
0.10	
36,000.00	
83.33%	
Reserves
Infrastructure Capital Reserve	
-	
16,666.67	
(16,666.67)	
20,000.00	
0.00%	
Interchange Maintenance Reserve	-	1,966.67	(1,966.67)	2,360.00	0.00%	

Total Field Operations Expenses	$	432,691.47		$	714,959.67		$	(282,268.20)		$	857,951.58		50.43%	

Total Expenses	
$	
533,323.52		
$	
841,405.49		
$	
(308,081.97)		
$	
1,009,686.58		
52.82%	
Income (Loss) from Operations	$	804,569.80		$	(5,000.00)		$	809,569.80		$	(6,000.00)			

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

$	

680.17		

$	

5,000.00		

$	

(4,319.83)		

$	

6,000.00		

11.34%	
	$	680.17		$	5,000.00		$	(4,319.83)		$	6,000.00		11.34%	
Net Income (Loss)	$	805,249.97		$	-		$	805,249.97		$	-		

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 07/31/2022	
	
Oct-21	
Nov-21	
Dec-21	
Jan-22	
Feb-22	
Mar-22		
Apr-22	
May-22		
Jun-22		
Jul-22	

Revenues														
On-Roll Assessments	$	-	$ 83,327.49	$ 230,468.65	$ 242,875.35	$  155,779.89	$  72,993.60	$	26,986.00	$ 13,106.11	$	9,780.94	$	11,438.20	
Developer Contributions	2,708.00	2,708.00	3,219.79	2,708.00	2,708.00	4,142.44		4,988.00	3,237.80		1,303.30		5,742.00	
Other Income & Financing Sources	-	-	-	114.41	-	-		-	-		-		-	
Carryforward Revenue	472,619.09	(49,324.50)	34,262.76	-	-	-		-	-		-		-	
Net Revenues	$ 475,327.09	$ 36,710.99	$ 267,951.20	$ 245,697.76	$  158,487.89	$  77,136.04	$	31,974.00	$ 16,343.91	$	11,084.24	$	17,180.20	
General & Administrative Expenses														
Legislative														
Supervisor Fees	$	-	$  1,000.00	$	-	$	1,000.00	$	1,000.00	$	-	$	1,000.00	$  1,000.00	$	800.00	$	800.00	
Financial & Administrative														
Public Officials' Liability Insurance	3,620.00	-	-	-	-	-		-	-		-		-	
Trustee Services	7,113.66	-	-	-	-	-		-	-		-		-	
Management	3,541.67	3,541.67	3,541.67	3,541.67	3,541.67	3,541.67		3,541.67	3,541.67		3,541.67		3,541.67	
Engineering	-	250.00	381.50	-	569.00	644.00		939.50	2,170.00		6,410.50		2,343.00	
Dissemination Agent	-	-	-	-	-	-		-	-		-		1,500.00	
Property Appraiser	-	-	-	-	-	2,122.41		-	-		-		-	
District Counsel	-	-	778.26	-	-	5,747.85		739.00	-		1,634.00		3,705.83	
Assessment Administration	7,500.00	-	-	-	-	-		-	-		-		-	
Reamortization Schedules	-	-	125.00	-	-	-		-	-		-		-	
Audit	-	-	-	-	-	-		-	3,625.00		-		-	
Arbitrage Calculation	-	-	-	-	-	-		-	-		-		-	
Travel and Per Diem	-	-	8.21	-	5.67	5.73		-	-		11.47		7.14	
Telephone	-	-	-	-	-	-		-	-		-		-	
Postage & Shipping	-	-	3.37	0.53	6.46	-		-	-		0.53		31.30	
Copies	-	-	-	-	-	-		-	-		-		-	
Legal Advertising	248.75	-	252.50	237.50	-	475.00		1,592.52	237.50		177.42		-	
Bank Fees														
Miscellaneous	-	3.85	35.98	-	0.96	0.96		66.32	0.97		33.11		33.09	
Office Supplies	-	-	-	-	-	245.00		-	-		-		-	
Property Taxes	-	-	-	-	-	-		-	-		-		-	
Web Site Maintenance	125.00	125.00	425.00	125.00	-	260.00		-	570.00		-		570.00	
Holiday Decorations	-	-	600.00	-	-	-		-	-		-		-	
Dues, Licenses, and Fees	175.00	-	-	-	-	-		-	-		-		-	
Total General & Administrative Expenses	$  22,324.08	$  4,920.52	$	6,151.49	$	4,904.70	$	5,123.76	$  13,042.62	$	7,879.01	$ 11,145.14	$	12,608.70	$	12,532.03	

 

$	YTD Actual

846,756.23
33,465.33
114.41
457,557.35	
$

$	1,337,893.32

6,600.00

3,620.00
7,113.66
35,416.70
13,707.50
1,500.00
2,122.41
12,604.94
7,500.00
125.00
3,625.00
- 38.22
- 42.19
- 3,221.19
- 175.24
245.00
- 2,200.00
600.00
175.00	
$	100,632.05	

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

Total Expenses

Myrtle Creek Improvement District
Budget to Actual

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

$	

-		

$	102.37	$	

102.37	$	

103.76	$	

102.26	$	

101.61	$	

102.90		

$	102.69	$	

104.31		

$	103.35	

$	925.62	
	-		22.52	22.64	-	19.22	19.12	19.22		19.33	19.37		19.37	160.79	
	-		2,169.75	1,451.33	1,699.70	1,315.91	1,165.69	2,395.89		2,194.81	2,975.42		2,311.66	17,680.16	
	325.00		325.00	325.00	325.00	325.00	325.00	325.00		325.00	325.00		325.00	3,250.00	
	-		-	-	-	-	-	-		-	-		-	-	
	4,147.00		-	-	-	-	-	-		-	-		-	4,147.00	
	-		-	-	-	-	-	-		-	-		-	-	
	-		-	-	-	-	-	-		-	-		-	-	
	-		3,208.40	-	3,793.60	3,569.80	1,959.00	-		2,534.80	5,792.10		3,895.40	24,753.10	
	-		-	-	-	121.60	-	-		1,125.80	201.00		-	1,448.40	
		
	17,945.75		17,945.75	17,945.75	17,945.75	17,945.75	17,945.75	17,945.75		17,945.75	17,945.75		17,945.75	179,457.50	
	39.49		39.49	39.49	39.49	39.49	39.49	39.49		39.49	39.49		39.49	394.90	
	2,708.00		2,708.00	2,708.00	2,708.00	2,708.00	2,708.00	2,708.00		2,708.00	2,708.00		2,708.00	27,080.00	
	-		-	-	-	-	-	-		-	-		10,000.00	10,000.00	
	-		-	-	-	-	2,303.00	-		-	-		36,000.00	38,303.00	
	-		-	-	-	-	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	38.12		38.01	339.95	
	-		-	-	-	-	-	-		-	-		-	-	
	-		254.96	234.95	203.17	194.42	233.27	322.73		306.93	503.33		363.51	2,617.27	
	
263.03		
263.03	
263.03	
263.03	
263.03	
263.03	
263.03		
263.03
478.80
7,626.47
64.92
- 54.99

-

- 1,056.30

3,000.01

-
-
$ 39,884.92	$

 $ 51,030.06   $ 	
263.03		
263.03
- 7,626.47
64.84
- 44.77

-

- 1,056.30

6,000.02

-
-
$  88,804.97

 $ 101,337.00 	
2,630.30	
	-		-	-	398.47	654.26	446.04	-			519.62			2,497.19	
	6,363.21		6,363.21	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47			7,626.47			73,738.18	
	-		72.28	73.16	80.20	72.48	67.93	71.74			68.27			635.82	
	-		-	-	-	-	96.08	-			-			96.08	
	-		36.51	22.82	45.64	35.21	28.26	34.12			57.60			359.92	
	-		-	-	-	-	-	-			-			-	
	-		-	-	-	-	-	-			-			-	
	-		1,079.25	1,079.25	(311.85)	1,091.56	985.78	1,056.30			1,056.30			8,149.19	
	3,000.01		3,000.01	3,000.01	-	6,000.02	3,000.01	3,000.01			-			30,000.10	
	-		-	-	-	-	-	-			-			-	
	-		-	-	-	-	-	-			-			-	
$	34,791.49		$ 37,628.15	$	34,931.79	$	34,958.43	$	42,121.97	$	43,378.02	$	35,948.55			40,243.18			$  432,691.47	

 $ 	
57,115.57 		
 $ 42,548.67   $ 	
41,083.28   $ 	
39,863.13   $		
47,245.73   $ 	
56,420.64   $ 	
43,827.56 			
52,851.88 			
$  533,323.52	

For the Month Ending 07/31/2022

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 07/31/2022	
	
Oct-21			
Nov-21		
Dec-21		
Jan-22		
Feb-22			
Mar-22			
Apr-22		
May-22			
Jun-22			
Jul-22	
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)		$	(41,767.64)		$	(84,156.80)	
Other Income (Expense)
Interest Income
Total Other Income (Expense)	

$	25.50
$	25.50		

$
$	

28.41
28.41	

$	61.34	$	33.47	$	31.07
$	61.34	$	33.47	$	31.07		

$
$	

256.54
256.54		

$
$	

33.31
33.31		

$	38.02
$	38.02		

$
$	

135.89
135.89		

$
$	

36.62
36.62	
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)		$	(41,631.75)		$	(84,120.18)	

 
YTD Actual	
$	804,569.80	

$	
680.17	
$	680.17	
$	805,249.97	

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	
-	-	26,488.86	(68,639.42)	900,162.63	
-	-	35,067.65	(96,252.61)	838,977.67	
-	-	-	(27,330.87)	811,646.80 as of 08/08/2022	

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	
7/1/2022	900,162.63	
8/1/2022	838,977.67	

Totals	2,309,903.04	(2,127,193.13)	2,198,686.34	(1,843,267.44)

Myrtle Creek Improvement District Construction Tracking - early August

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		220,225.25
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	402,261.14

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	402,261.14

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

Total Committed	$	-
==========	
Net Uncommitted		402,261.14