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, March 21, 2023, 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 February 21, 2023, Board of Supervisors’ Meeting

Business Matters
Consideration of Arbitrage Rebate Proposals (provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in February 2023 in an amount totaling $50,851.41
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 February 21, 2023, 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, February 21, 2023, at 5:00 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827.

Present:

Bob Da Silva	Chairman
Kyle Scholl	Assistant Secretary
John Lynaugh	Assistant Secretary
Marsha Leed	Assistant Secretary

Also attending:	
Lynne Mullins Jorge Jimenez Jeffrey Newton Matt McDermott	PFM
PFM	(via phone)
Donald W. McIntosh Associates Construction Committee Member	
Larry Kaufmann Samantha Sharenow	Construction Supervisor	(via phone) Berman	
Katie Harmer	Berman	
Tucker Mackie	Kutak Rock	(via phone)	

SECOND ORDER OF BUSINESS	
Public Comment Period	

Ms. Mullins noted there were no members of the public present. Ms. Mullins introduced Ms. Katie Harmer and Ms. Samantha Sharenow to the Board and explained that they are taking over for Aaron Wilbanks with Berman.

THIRD ORDER OF BUSINESS	Swearing in of Newly Elected Board Member

Ms. Mullins swore in Mr. Kyle Scholl.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes of the December 13, 2022, Board of Supervisors’ Meeting

The Board reviewed the minutes of the December 13, 2022, Board of Supervisors’ Meeting.

On motion by Mr. Da Silva, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the December 13, 2022, Board of Supervisors’ Meeting.

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FIFTH ORDER OF BUSINESS	Consideration of Resolution 2023-03, Election of Officers

Ms. Mullins stated the current slate is Bob Da Silva as Chair, Kam Shenai as Vice Chair, Jennifer Walden as Secretary, John Lynaugh, Marsha Leed, and Lynne Mullins as Assistant Secretaries, Amanda Lane as Treasurer, and Jennifer Glasgow as Assistant Treasurer. Ms. Mullins noted the Board can choose to keep the same slate or make any changes but at a minimum to add Kyle Scholl as an Assistant Secretary.

On motion by Ms. Leed, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2023-03, Election of Officers with Mr. Bob Da Silva as Chair, Mr. Kam Shenai as Vice Chair, Ms. Jennifer Walden as Secretary, Mr. John Lynaugh, Ms. Marsha Leed, Ms. Lynne Mullins, and Mr. Kyle Scholl as Assistant Secretaries, Ms. Amanda Lane as Treasurer, and Ms. Jennifer Glasgow as Assistant Treasurer.

SIXTH ORDER OF BUSINESS	Consideration	of	Porter	Services Proposal from BrightView

Ms. Mullins stated it was brought to District staff’s attention that there were multiple trash cans that were overflowing, and District staff wanted to get a quote to get those emptied on a regular basis. BrightView provided a quote and stated that it could be done monthly or as needed. It would be $40 per service, $30.00 for the emptying the trash cans and $10.00 for the materials.

Discussion ensued on the plan to start using BrightView to empty the four trash cans and how often.

On motion by Mr. Da Silva, seconded by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Porter Services Proposal from Brightview at $40.00 per service once a month.

SEVENTH ORDER OF BUSINESS	Consideration of BrightView Proposal for Turf Installation Due to Hog Damage

Ms. Mullins stated this is the second time the work has been needed in this area and that Mr. McDermott relayed that the construction is done, so this shouldn’t be seen again. Mr. McDermott stated this would be a ratification item as it's been done. If this is an ongoing thing, the Board obviously needs to take other measures rather than installing two pallets of sod per month. Mr. McDermott explained when the damage was first noticed in December, District staff did put out traps to try and capture and relocate them. The hogs usually come to eat the grubs, so there's some insecticide that can be used to try and deter them as well.

On motion by Mr. Scholl, seconded by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the BrightView Proposal for Turf Installation Due to Hog Damage in the amount of $1,000.00.

EIGHTH ORDER OF BUSINESS	Ratification	of	Operation	and Maintenance Expenditures Paid in

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December 2022 in an amount totaling
$78,797.81

Ms. Mullins noted that these Operation and Maintenance Expenditures have been approved and need to be ratified by the Board.

On motion by Ms. Leed, seconded 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 December 2022 in an amount totaling $78,797.81.

NINTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in January 2022 in an amount totaling
$9,903.07

Ms. Mullins noted that these Operation and Maintenance Expenditures have been approved and need to be ratified by the Board.

On motion by Ms. Leed, seconded 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 January 2023 in an amount totaling $9,903.07.

TENTH ORDER OF BUSINESS	Recommendation	of	Work Authorization/Proposed Services

Ms. Harmer stated the District has one Work Authorization for services rendered on the monument signs that are off of Narcoossee Road and Lake Nona Boulevard. The paint on the tops of the monuments is peeling, so they need to be stripped and cleaned and then primed and repainted. The monuments themselves were obviously pressure washed. She noted the pictures that are shown you can't see too much, but if you look from a bird's eye, they're peeling more on the top as well.

On motion by Mr. Scholl, seconded by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Work Authorization for Berman to paint the monument caps at a cost of $1,024.00.

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

Ms. Mullins stated the financials are listed through January and the District has expenses of $206,000.00 versus a little over $1,000,000.00 budget, which equates to about 20% of the budget being spent so far.

Ms. Leed asked about the tree trimming being at 78% of the budget so far. Mr. McDermott stated that the tree trimming for this District is completed for the Fiscal Year.

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District Counsel –	No report.

District Manager –	Ms. Mullins noted the next Board Meeting is March 21, 2023. District Engineer –	No report.
Construction Supervisor –    Mr. Kaufmann stated the design for Performance Drive trail is moving
ahead. Tavistock intends to build the trail and connect it to the trail along the existing portion of Performance Drive. Also, the design for the roundabout at the intersection of Performance Drive and Lake Nona Boulevard is ongoing, and District staff is assuming that will proceed as planned.

Mr. Da Silva asked if the Village Walk HOA had been reached out to about the easements at their gate. Mr. Newton answered that he believes Dan Young with Tavistock has been coordinating that.

Discussion ensued about the roundabout analysis.

Landscape Supervisor –	Mr. McDermott stated he was hoping there would be some progress at
Lake Nona Boulevard and Narcoossee Road. District staff did meet with the City of Orlando and their contractor, Arroyo Brothers. They said the game plan was for the City to finish up a little bit of work on Narcoossee Road, and then they were going to come work in the median. However, the week the City was going to get started, which would have been the week of the 6th, District staff found out the contractor for Advent Health, SDC, was going to get started on a left turn lane into Advent Health that Wednesday the 8th. Mr. McDermott noted he was out that week and when he came back nothing had happened. Unfortunately, Mr. McDermott stated the City of Orlando does not have any direct contact with SDC, so they don't have open lines of communication regarding scheduling. He did note that Narcoossee Road is finally getting paved. Also, the trails at the District’s entrance are all completed, so it’s very close to a point where the District can do the entrances.

Irrigation Supervisor –	Ms. Harmer stated the irrigation clock issues that were approved outside
the meeting will be completed by tomorrow by BrightView.

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests

No Supervisor requests.

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On motion by Mr. Lynaugh, seconded by Mr. Scholl, with all in favor, the February 21, 2023, Meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

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Arbitrage Rebate Proposals
(provided under separate cover)

Operation and Maintenance Expenditures Paid in February 2023 in an amount totaling $50,851.41

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 February 1, 2023 through February 28, 2023. This does not include expenditures previously approved by the Board.

The total items being presented:    $50,851.41

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

BANK ID: SUN - CIT% NATIONAL BANK

001-101-0000-00-01

Myrtle Creek Improvement District AP Check Register (Current by Bank) Check Dates: 2/1/2023 to 2/28/2023

Check No.	Date	Status*	Vendor ID	Payee Name	Amount

4272	8/23	M	A$C	A#uatic $ee% Contro&' Inc.	$32 .00	
4273	8/23	M	BCID	Boggy Creek Improv. District	$48.40	
4274	8/23	M	B0RMA1	Berman Construction	$3'440.01	
427 	8/23	M	B245	Bright2ie3 4an%scape 5ervices	$16'11 . 	
4276	8/23	M	DAC	Digita& Assurance Certi7icatio	$2 0.00	
4277	8/23	M	D81MC	Dona&% $. McIntosh Associates	$187. 0	
4278	8/23	M	8R4501	8r&an%o 5entine&	$223.2 	
427 	8/23	M	P9M:C	P9M :roup Consu&ting	$3'622.13	
4280	8/23	M	<R;5<0	;5 Bank as <rustee 7or Myrt&e	$672'1 6.83	
4281	8/23	M	2:48BA	2:&oba&<ech	$40 .00	
4282	14/23	M	A$C	A#uatic $ee% Contro&' Inc.	$32 .00	
4283	14/23	M	B245	Bright2ie3 4an%scape 5ervices	$ 63.00	
4284	14/23	M	=;<A=	=utak Rock	$  .6 	
428 	14/23	M	2:48BA	2:&oba&<ech	$13 .00	
4286	3	M	B245	Bright2ie3 4an%scape 5ervices	$880. 7	
4287	3	M	P9M:C	P9M :roup Consu&ting	$3' 41.67	
4288	3	M	<R;5<0	;5 Bank as <rustee 7or Myrt&e	$100'743.26	
				BANK SUN REGISTER TOTAL:	$804,315.66	
				GRAND TOTAL :	$804,315.66	

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

TOTAL

$  17,095.98

Chairperson

!  n  ?ane at  8:13 am,Jan   05, 2023

Payment Authorization #564
12/30/2022

Item No.	Payee	Invoice Number	General Fund	
1	BrlghtView Landscape Services			
	January Landscape Maintenance	8221815	$  15,100.98	
	Irrigation Valve Replacement Timer 3	8229454	$	350.00	
	Irrigation Valve Replacement Timer 7	8229455	$	350.00	
	Irrigation Valve Replacement Timer 2	8229456	$	350.00	
	Irrigation Mainline Repairs	8229457	$	945.00	

Myrtle Creek Improvement District
do PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Or1ando. FL 32817
LaneA@pfm.com II (407} 723-5925

I

Payment Authorization #565
1/6/2023		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	January Waterway Service	79044	$	325.00	
2	Berman Construction			
	Pressure Wash Monuments/Walls	33344	$	440.00	
	January Administrator & Irrigation Specialist	33523	$	3,000.01	
3	Boggy Creek Improvement District			
	December ICM Expenses	ICM2023-03	$	7,666.66	
4	PFM Group Consulting			
	November & December Billable Expenses	123537	$	79.89	
	OM Fee: January 2023	DM-01-2023-32	$	3,541.67	
5	VGlobalTech			
	October Website Maintenance	4376	$	135.00	
	November Website Maintenance	4451	$	135.00	
	December Website Maintenance	4576	$	135.00	
		
TOTAL	
$  15,458.23	

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

Chairperson

RECEIVED
By Amanda Lane at 1:09 pm, Jan 12, 2023

RECEIVED
By Amanda Lane at 2:09 pm, Jan 18, 2023

Payment Authorization #566
1/13/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	ouc
Acct: 4782400001 : Service 12/01/2022 - 01/03/2023		

$	3,722.43	
	t-'t-M uroup (;onsu1t1ng			
	December Reimbursables	OE-EXP-01-2023-16	$	0.57	
		
TOTAL		

ry/Assistant Secretary

Chairperson

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

Funding Request #131
1/13/2023

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursement for Construction-Related Legal Advertising on Req 281	OSC66303800	$	48.40	
		
TOTAL	
$	
48.40	

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

Payment Authorization #567
1/20/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Digital Assurance Certification
Event Notices Filing	

61878	

$	250.00	
	uona1a vv Mcmtosn ASSoc,ates			
	Engineering Services Through 12/30/2022	43665	$	187.50	
		
TOTAL	
$	437.50	

r/!tLbf!c!v	
Chairperson

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

RECEIVED
By Amanda Lane at 10:20 am, Jan 31, 2023

Payment Authorization #568
1/25/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
BrightView Landscape Services			
	Wellspring Damaged Turf Replacement	5404986	$	907.00	
	Irrigation Mainline Investigation	8251479	$	105.01	
	ur,anao enune,			
	Legal Advertising on 01/09/2023 (Ad: 7348607)	OSC66657744	$	223.25	
		
TOTAL	
$	1,235.26	
	If)	
  Assislant Secretar,,	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 Sunday, February 5, 2023 - Alane

Payment Authorization #569
2/3/2023		
Item	Payee	Invoice	General		
No.		Number	Fund		

1	
Aquatic Weed Control				
	February Waterway Service	80091	$	325.00		
2	Bennan Construction				
	February Administrator & Irrigation Specialist	34293	$	3,000.01		
3	BrightView Landscape Services				
	February Landscape Maintenance	8259104	$  15,100.98		
	Irrigation Mainline Repairs	8273465	$	438.00		
	Irrigation Repairs	8273482	$	349.99		
	Irrigation Repairs	8273483	$	175.01		
4	Kutak Rock				
	General Counsel Through 12/31/2022	3170023	$	955.65		
5	VGlobalTech				
	January Website Maintenance	4660	$	135.00		
		
TOTAL	
$  20,479.64		

=::Assistant  Secretary	Chairperson

<9:lc1:

Myrtle Creek Improvement District
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Or1ando, FL 32817
LaneA@pfm.com II (407) 723-5925

RECEIVED
By Amanda Lane at 8:46 am, Feb 09, 2023

Payment Authorization #570
2/10/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Boggy Creek Improvement District			
	January ICM Expenses	ICM2023-04	$	8,474.00	
2	ouc
Acct: 4782400001 ; Service 01/03/2023 - 02/01/2023		

$	3,295.18	
3	PFM Group Consulting			
	OM Fee: February 2023	DM-02-2023-32	$	3,541.67	
		
TOTAL	
$  15,310.85	

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

Chairperson

RECEIVED
By Amanda Lane at 8:38 am, Feb 15, 2023

_

RECEIVED
By Amanda Lane at 4:38 pm, Feb 21, 2023

Payment Authorization #571
2/17/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
BrightView Landscape Services			
	January Irrigation Inspection	8275951	$	389.74	
	Irrigation Mainline Repairs	8275952	$	491.23	
		
TOTAL	
$	880.97	

ry/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

Work Authorization/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$1,165,071.27				
68,895.46				
4,102.69				
5,000.00				
134,708.10				
4,300.00				
213,550.25				
	$181,402.76			
	100,743.26			
	338,556.82			
	1,032,227.76			
	1,503.39			
			$49.15	
			408,387.38	
$1,595,627.77	$1,654,433.99		$408,436.53	
$0.00	$0.00		$0.00	
$1,595,627.77	$1,654,433.99		$408,436.53	

General Long- Term Debt		Total	

$0.00		

$1,165,071.27
68,895.46
4,102.69
5,000.00
134,708.10
4,300.00
213,550.25
181,402.76
100,743.26
338,556.82
1,032,227.76
1,503.39
49.15
408,387.38
$3,658,498.29	

$1,372,287.97 13,737,712.03
$15,110,000.00		
$1,372,287.97 13,737,712.03
$15,110,000.00	
$15,110,000.00		$18,768,498.29	

Current Assets
General Checking Account Money Market Account
State Board of Administration Pond Reserve
Assessments Receivable Deposits
General Reserve Assessments Receivable Due From Other Funds Debt Service Reserve Revenue
Prepayment
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

Page 1 of 2

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

8,232.61
134,708.10

$162,195.20		

$181,402.76

$181,402.76		

$49.15 49.15
$98.30	
$0.00		$0.00		$0.00	
$162,195.20		$181,402.76		$98.30	

$1,285,711.94 (409,756.02)
557,476.65

$1,433,432.57		

$1,253,347.79 219,683.44

$1,473,031.23		

($417,951.06) 821,825.46
4,463.83

$408,338.23	
					
$1,595,627.77		$1,654,433.99		$408,436.53	

$19,254.49

Capital Projects Fund

General Long- Term Debt		Total	

$0.00		

$19,254.49 8,232.61
134,708.10
181,402.76
49.15
49.15
$343,696.26	

$15,110,000.00
$15,110,000.00		
$15,110,000.00
$15,110,000.00	
$15,110,000.00		$15,453,696.26	

$0.00		

$1,285,711.94 (409,756.02)
557,476.65

1,253,347.79
219,683.44

(417,951.06)
821,825.46
4,463.83

$3,314,802.03	
			
$15,110,000.00		$18,768,498.29	

Page 2 of 2

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

Revenues

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

$802,109.44				

$802,109.44	
		$1,080,149.35			1,080,149.35	
			$206.20		206.20	

$802,109.44	

$1,080,149.35	

$206.20	

$0.00	

$1,882,464.99	
Expenses						
Supervisor Fees	$3,400.00				$3,400.00	
Public Officials' Liability Insurance	3,892.00				3,892.00	
Trustee Services	6,775.32				6,775.32	
Management	17,708.35				17,708.35	
Engineering	1,406.88				1,406.88	
Dissemination Agent	250.00				250.00	
Property Appraiser	2,013.69				2,013.69	
District Counsel	4,626.16				4,626.16	
Assessment Administration	7,500.00				7,500.00	
Reamortization Schedules	125.00				125.00	
Travel and Per Diem	25.40				25.40	
Postage & Shipping	1.14				1.14	
Legal Advertising	956.75				956.75	
Miscellaneous	3.92				3.92	
Meeting Room	125.83				125.83	
Web Site Maintenance	540.00				540.00	
Holiday Decorations	600.00				600.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	584.74				584.74	
Entry Lighting	88.19				88.19	
Water Reclaimed	11,067.04				11,067.04	
Aquatic Contract	1,625.00				1,625.00	
General Liability Insurance	4,458.00				4,458.00	
Irrigation	8,624.07				8,624.07	
Landscaping Maintenance & Material	75,702.35				75,702.35	
Tree Trimming	31,500.00				31,500.00	
Flower & Plant Replacement	2,025.00				2,025.00	
Contingency	907.00				907.00	

Page 1 of 2

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

IME - Aquatics Maintenance	1,315.15								1,315.15	
IME - Irrigation	832.70								832.70	
IME - Landscaping	36,147.05								36,147.05	
IME - Lighting	298.05								298.05	
IME - Miscellaneous	554.40								554.40	
IME - Water Reclaimed	233.65								233.65	
Entry and Wall Maintenance	440.00								440.00	
Streetlights	4,258.72								4,258.72	
Personnel Leasing Agreement	15,000.05								15,000.05	
Principal Payments			$610,000.00						610,000.00	
Interest Payments			257,800.00						257,800.00	
Legal Advertising					$255.35				255.35	
Total Expenses	$245,786.60		$867,800.00		$255.35		$0.00		$1,113,841.95	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$1,153.81								$1,153.81	
Interest Income			$7,333.52						7,333.52	
Dividends Income			0.57						0.57	
Interest Income					$4,512.48				4,512.48	
Dividends Income					0.50				0.50	
Total Other Revenues (Expenses) & Gains (Losses)	$1,153.81		$7,334.09		$4,512.98		$0.00		$13,000.88	
Change In Net Assets	$557,476.65		$219,683.44		$4,463.83		$0.00		$781,623.92	

Net Assets At Beginning Of Year	
$875,955.92		
$1,253,347.79		
$403,874.40		
$0.00		
$2,533,178.11	

Net Assets At End Of Year	
$1,433,432.57		
$1,473,031.23		
$408,338.23		
$0.00		
$3,314,802.03	

Page 2 of 2

Actual	Budget	Variance

FY 2023	Percentage Adopted Budget		Spent

$	836,218.30	$	425,076.07	$	411,142.23	$  1,020,182.57	81.97%	

$	

3,400.00	

$	

5,000.00	

$	

(1,600.00)	

$	12,000.00	

28.33%	
	
3,892.00		
1,943.75		
1,948.25	
4,665.00	
83.43%	
	6,775.32		4,166.67		2,608.65	10,000.00	67.75%	
	17,708.35		17,708.33		0.02	42,500.00	41.67%	
	1,406.88		4,166.67		(2,759.79)	10,000.00	14.07%	
	250.00		2,916.67		(2,666.67)	7,000.00	3.57%	
	2,013.69		833.33		1,180.36	2,000.00	100.68%	
	4,626.16		10,416.67		(5,790.51)	25,000.00	18.50%	
	7,500.00		3,125.00		4,375.00	7,500.00	100.00%	
	125.00		104.17		20.83	250.00	50.00%	
	-		1,666.67		(1,666.67)	4,000.00	0.00%	
	-		375.00		(375.00)	900.00	0.00%	
	25.40		125.00		(99.60)	300.00	8.47%	
	-		20.83		(20.83)	50.00	0.00%	
	1.14		416.67		(415.53)	1,000.00	0.11%	
	-		833.33		(833.33)	2,000.00	0.00%	
	956.75		2,708.33		(1,751.58)	6,500.00	14.72%	
	-		150.00		(150.00)	360.00	0.00%	
	3.92		3,958.34		(3,954.42)	9,500.00	0.04%	
	125.83		166.67		(40.84)	400.00	31.46%	
	-		104.17		(104.17)	250.00	0.00%	
	-		1,041.67		(1,041.67)	2,500.00	0.00%	
	540.00		1,125.00		(585.00)	2,700.00	20.00%	
	600.00		520.83		79.17	1,250.00	48.00%	
	175.00		72.92		102.08	175.00	100.00%	

Revenues

On-Roll Assessments	$	802,109.44	$	390,967.21	$	411,142.23	$	938,321.30	85.48%	
Carryforward Revenue	34,108.86	34,108.86	-	81,861.27	41.67%	
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 Meeting Room Office Supplies Property Taxes
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees										
Total General & Administrative Expenses	$	50,125.44	$	63,666.69	$	(13,541.25)	$	152,800.00	32.80%	

Page 1 of 3

Actual	Budget	Variance	Adopted Budget	Spent	

$	431.72	

$	

625.00	

$	(193.28)	

$	1,500.00	

28.78%	
88.19		208.33	(120.14)	500.00	17.64%	

9,645.01		
8,333.33	
1,311.68	
20,000.00	
48.23%	

1,625.00		
1,666.67	
(41.67)	
4,000.00	
40.63%	
-		2,083.33	(2,083.33)	5,000.00	0.00%	

4,458.00		
1,875.00	
2,583.00	
4,500.00	
99.07%	
-		708.33	(708.33)	1,700.00	0.00%	
-		208.33	(208.33)	500.00	0.00%	
7,798.77		18,750.00	(10,951.23)	45,000.00	17.33%	
60,914.95		09,823.80	(48,908.85)	263,577.12	23.11%	
197.45		197.45	-	473.88	41.67%	
31,500.00		16,666.67	14,833.33	40,000.00	78.75%	
2,025.00		20,833.33	(18,808.33)	50,000.00	4.05%	
907.00		35,693.83	(34,786.83)	85,665.18	1.06%	
-		1,170.83	(1,170.83)	2,810.00	0.00%	
-		20,833.33	(20,833.33)	50,000.00	0.00%	

1,315.15		
1,391.25	
(76.10)	
3,339.00	
39.39%	
832.70		1,312.50	(479.80)	3,150.00	26.43%	
36,147.05		36,147.04	0.01	86,752.89	41.67%	
-		5,250.00	(5,250.00)	12,600.00	0.00%	
298.05		525.00	(226.95)	1,260.00	23.65%	
554.40		2,625.00	(2,070.60)	6,300.00	8.80%	
233.65		656.25	(422.60)	1,575.00	14.83%	

-		
6,250.00	
(6,250.00)	
15,000.00	
0.00%	

440.00		
4,166.67	
(3,726.67)	
10,000.00	
4.40%	
4,258.72		6,250.00	(1,991.28)	15,000.00	28.39%	

15,000.05		
15,000.00	
0.05	
36,000.00	
41.67%	

-		
8,333.33	
(8,333.33)	
20,000.00	
0.00%	
-		983.33	(983.33)	2,360.00	0.00%	

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
Landscaping Maintenance & Material District Landscaping
Gateway Road Landscaping
Tree Trimming
Flower & Plant Replacement Contingency
Pest Control Hurricane Cleanup
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation Repairs
IME - Landscaping
IME - Landscape Improvements 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
Reserves
Infrastructure Capital Reserve Interchange Maintenance Reserve
Total Field Operations Expenses	$	178,670.86	$	328,567.93	$  (149,897.07)	$	788,563.07	22.66%

Page 2 of 3

		Actual			Budget			Variance	FY 2023
Adopted Budget		Percentage Spent	

Wellspring Blvd./Performance Drive Expense
Irrigation Repairs Landscaping
Flower & Plant Replacement Lighting
Miscellaneous Water Reclaimed	

$	

825.30
14,589.95
- 153.02
- 1,422.03		

$	

3,333.33
14,924.79
4,166.67
8,208.33
1,458.33
1,041.67		

$	

(2,508.03)
(334.84)
(4,166.67)
(8,055.31)
(1,458.33)
380.36	

$	8,000.00
35,819.50
10,000.00
19,700.00
3,500.00
2,500.00		

10.32%
40.73%
0.00%
0.78%
0.00%
56.88%	
Total Wellspring Blvd./Performance Drive Expenses	$	16,990.30		$	33,133.12		$	(16,142.82)	$	79,519.50		21.37%	

Total Expenses	
$	
245,786.60		
$	
425,367.74		
$	
(179,581.14)	
$  1,020,882.57		
24.08%	

Income (Loss) from Operations	
$	
590,431.70		
$	
(291.67)		
$	
590,723.37		
$	
(700.00)			

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

$
$	

1,153.81
1,153.81		

$
$	

291.67
291.67		

$
$	

862.14
862.14	

$	700.00
$	700.00		

164.83%
164.83%	
Net Income (Loss)	$	591,585.51		$	-		$	591,585.51		$	-			

Page 3 of 3

		Oct-22		Nov-22	Dec-22	Jan-23		Feb-23	

Revenues
On-Roll Assessments Carryforward Revenue
Net Revenues	

$	

- 6,821.77	

$	

60,977.57
6,821.78	

$ 167,183.04
6,821.77	

$ 246,969.04
6,821.77	

$	

326,979.79
6,821.77	
	$	6,821.77	$	67,799.35	$ 174,004.81	$ 253,790.81	$	333,801.56	
General & Administrative Expenses									
Legislative									
Supervisor Fees	$	-	$	1,800.00	$	800.00	$	-	$	800.00	
Financial & Administrative									
Public Officials' Liability Insurance		3,892.00		-	-	-		-	
Trustee Services		-		6,775.32	-	-		-	
Management		3,541.67		-	7,083.34	3,541.67		3,541.67	
Engineering		-		-	1,219.38	187.50		-	
Dissemination Agent		-		-	-	250.00		-	
Property Appraiser		-		-	-	-		2,013.69	
District Counsel		-		-	3,317.01	-		1,309.15	
Assessment Administration		7,500.00		-	-	-		-	
Reamortization Schedules		-		125.00	-	-		-	
Audit		-		-	-	-		-	
Arbitrage Calculation		-		-	-	-		-	
Travel and Per Diem		-		-	17.80	7.60		-	
Telephone		-		-	-	-		-	
Postage & Shipping		-		-	0.57	0.57		-	
Copies		-		-	-	-		-	
Legal Advertising		-		249.50	484.00	223.25		-	
Bank Fees		0.20		(0.20)	-	-		-	
Miscellaneous		-		0.97	0.98	0.99		0.98	
Meeting Room		-		-	53.54	72.29		-	
Office Supplies		-		-	-	-		-	
Property Taxes		-		-	-	-		-	
Web Site Maintenance		-		-	-	405.00		135.00	
Holiday Decorations		-		-	600.00	-		-	
Dues, Licenses, and Fees		175.00		-	-	-		-	
Total General & Administrative Expenses	$	15,108.87	$	8,950.59	$  13,576.62	$	4,688.87	$	7,800.49	

Field Operations									
Electric Utility Services									
Electric	$	-	$	105.41	$	107.80	$	110.88	$	107.63	
Entry Lighting		-		19.52	19.52	23.87		25.28	
Water-Sewer Combination Services									
Water Reclaimed		-		3,042.39	2,759.30	2,075.15		1,768.17	
Stormwater Control									
Aquatic Contract		325.00		325.00	325.00	325.00		325.00	
Lake/Pond Repair Reserve		-		-	-	-		-	
Other Physical Environment									
General Liability Insurance		4,458.00		-	-	-		-	
Property & Casualty Insurance		-		-	-	-		-	
Auto Insurance		-		-	-	-		-	
Irrigation		-		-	5,849.79	105.01		1,843.97	

 
YTD Actual

$	802,109.44
34,108.86	
$	836,218.30

$	3,400.00

3,892.00
6,775.32
17,708.35
1,406.88
250.00
2,013.69
4,626.16
7,500.00
125.00
-
- 25.40
- 1.14
- 956.75
- 3.92
125.83
-
- 540.00
600.00
175.00	
$	50,125.44

$	431.72
88.19

9,645.01

1,625.00
-

4,458.00
-
- 7,798.77	

Page 1 of 2

	Myrtle Creek Improvement District						
	Budget to Actual						
	For the Month Ending 02/28/2023						
	
Oct-22	Nov-22	Dec-22		
Jan-23			
Feb-23	
Landscaping Maintenance & Material							
District Landscaping	-	24,365.98	24,365.98		-			12,182.99	
Gateway Road Landscaping	39.49	39.49	39.49		39.49			39.49	
Tree Trimming	-	31,500.00	-		-			-	
Flower & Plant Replacement	-	875.00	1,150.00		-			-	
Contingency	-	-	-		907.00			-	
Pest Control	-	-	-		-			-	
Hurricane Cleanup	-	-	-		-			-	
Interchange Maintenance Expenses							
IME - Aquatics Maintenance	263.03	263.03	263.03		263.03			263.03	
IME - Irrigation	-	-	-		832.70			-	
IME - Landscaping	7,229.41	7,229.41	7,229.41		7,229.41			7,229.41	
IME - Landscape Improvements	-	-	-		-			-	
IME - Lighting	-	64.38	70.39		85.90			77.38	
IME - Miscellaneous	-	-	-		-			554.40	
IME - Water Reclaimed	-	76.94	64.34		23.47			68.90	
New Operational Field Expenses							
Trail Repair	-	-	-		-			-	
Road & Street Facilities							
Entry and Wall Maintenance	-	-	-		440.00			-	
Streetlights	-	1,056.30	1,056.30		1,073.06			1,073.06	
Parks & Recreation							
Personnel Leasing Agreement	3,000.01	3,000.01	3,000.01		3,000.01			3,000.01	
Contingency							
Infrastructure Capital Reserve	-	-	-		-			-	
Interchange Maintenance Reserve	-	-	-		-			-	
Total Field Operations Expenses	$  15,314.94	$  71,962.86	$  46,300.36		$  16,533.98		$	28,558.72	

Wellspring Blvd./Performance Drive Expenses							
Irrigation Repairs	$	-	$	-	$	825.30		$	-		$	-	
Landscaping	-	5,835.98	5,835.98		-			2,917.99	
Flower & Plant Replacement	-	-	-		-			-	
Lighting	-	37.94	38.06		38.72			38.30	
Miscellaneous	-	-	-		-			-	
Water Reclaimed	-	517.29	223.22		399.76			281.76	
Total Wellspring Blvd./Performance Drive	$	-	$	6,391.21	$	6,922.56		$	438.48		$	3,238.05	
Expenses							
Total Expenses	 $  30,423.81    $  87,304.66    $  66,799.54 		 $  21,661.33 		 $		39,597.26 	
Income (Loss) from Operations	$ (23,602.04)	$ (19,505.31)	$ 107,205.27		$ 232,129.48		$	294,204.30	
Other Income (Expense)							
Interest Income	$	41.47	$	42.51	$	963.67		$	52.86		$	53.30	
Total Other Income (Expense)	$	41.47	$	42.51	$	963.67		$	52.86		$	53.30	
Net Income (Loss)	$ (23,560.57)	$ (19,462.80)	$ 108,168.94		$ 232,182.34		$	294,257.60	

 
YTD Actual	

60,914.95	
197.45	
31,500.00	
2,025.00	
907.00	
-	
-	
1,315.15	
832.70	
36,147.05	
-	
298.05	
554.40	
233.65	
-	
440.00	
4,258.72	
15,000.05	
-	
-	
$	178,670.86	

$	
825.30	
	14,589.95	
	-	
	153.02	
	-	
	1,422.03	
$	16,990.30	

$	
245,786.60	

$	
590,431.70	

$	
1,153.81	
$	1,153.81	
$	591,585.51	

Page 2 of 2

Myrtle Creek Improvement District Cash Flow

FY22 Inflows	FY22 Outflows	FY23 Inflows	FY23 Outflows	End. Cash	
			-			
5,596.22	(78,298.26)	-	(8,350.00)	621,925.83		
12,921.80	(66,357.64)	7.89	(8,000.00)	560,497.88		
-	(2,107.50)	145,500.50	(57,375.76)	646,515.12		
-	-	393,342.81	(327,921.27)	711,936.66		
-	-	579,560.01	(68,028.87)	1,223,467.80		
-	-	765,354.97	(823,751.50)	1,165,071.27		
-	-	-	(18,345.99)	1,146,725.28	as of 03/09/2023	

Beg. Cash

9/1/2022	702,977.87	
10/1/2022	621,925.83	
11/1/2022	560,497.88	
12/1/2022	646,515.12	
1/1/2023	711,936.66	
2/1/2023	1,223,467.80	
3/1/2023	1,165,071.27	

Totals	2,249,894.17	(2,131,389.58)	1,883,766.18	(1,311,773.39)

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.)		226,351.49
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	408,387.38

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	408,387.38

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

Total Committed	$	-
==========	
Net Uncommitted		408,387.38