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, November 15, 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 October 18, 2022, Board of Supervisors’ Meeting

Business Matters
Consideration of Resolution 2023-02, Adopting an Amended Budget for FY 2022 (provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in October 2022 in an amount totaling $74,357.64
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 October 18, 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, October 18, 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)	
Also attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM		
Jennifer Glasgow	PFM	(via phone)	
Tucker Mackie	Kutak Rock	(via phone)	
Jeffrey Newton	Donald W. McIntosh Associates		
Larry Kaufmann	Construction Supervisor	(via phone)	
Matt McDermott	Construction Committee Member		
Aaron Wilbanks	Berman		
Ryan Dugan	Kutak Rock	(via phone)	

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Walden noted there were no members of the public present.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the August 16, 2022, Board of Supervisors’ Meeting

The Board reviewed the minutes of the August 16, 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 August 16, 2022, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS		Consideration of Resolution 2023-01, Re-setting the Annual Meeting Schedule for Fiscal Year 2023

Ms. Walden stated the hotel can’t accommodate the District for the May meeting date so that meeting will have to be moved up a week to May 9, 2023.

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On motion by Mr. Shenai, seconded by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2023-01, Re-setting the Annual Meeting Schedule for Fiscal Year 2023 with the updated date of May 9, 2023.

FIFTH ORDER OF BUSINESS	Review of Post Hurricane Ian Report
a) Consideration of Proposals for Hurricane Landscape Replacement

Mr. Wilbanks stated that the District did well during the storm. There were two small trees needing removal but based on their location he recommends not replacing them.

SIXTH ORDER OF BUSINESS		Consideration of Fiscal Year 2022 Audit Engagement Letter with Berger, Toombs, Elam, Gaines & Frank

Ms. Walden stated this is the District’s current auditor and this is the standard letter that is received from them every year. She added that District staff reviewed and provided some edits which have been incorporated into the version in the agenda. She noted that the cost of $3,625.00 falls within the budget.

On motion by Mr. Shenai, seconded by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Audit Engagement Letter with Berger, Toombs, Elam, Gaines & Frank in the amount of $3,625.00.

SEVENTH ORDER OF BUSINESS		Ratification of Egis Insurance Package for FY 2023

Ms. Walden noted that the Chair executed this item outside of a meeting so the District could maintain its insurance and now needs to be ratified by the Board.

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Egis Insurance Package for FY 2023.

EIGHTH ORDER OF BUSINESS		Ratification of Operation and Maintenance Expenditures Paid in August 2022 in an amount totaling
$151,273.80

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

2 | P a g e 

On motion by Mr. Da Silva, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in August 2022 in an amount totaling $151,273.80.

NINTH ORDER OF BUSINESS		Ratification of Operation and Maintenance Expenditures Paid in September 2022 in an amount totaling $84,840.47

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

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in September 2022 in an amount totaling $84,840.47.

TENTH ORDER OF BUSINESS	Recommendation of Work Authorization/Proposed Services

Ms. Walden stated District staff reached out to several different companies and didn’t receive any additional quotes for putting up the holiday decorations for the District. Berman provided a proposal to keep the same price at $600.00 which falls within the budget of $1,250.00, and storage is included.

On motion by Ms. Leed, seconded by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the proposal from Berman in the amount of $600.00.

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

Ms. Walden stated through September the District has spent just over $789,000.00 versus the budget of
$1,009,000.00. Ms. Walden noted the District has 60 days past the end of the Fiscal Year to book things to that Fiscal Year, so these numbers are not yet final. Discussion ensued regarding end of the year and next year financials.

TWELFTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.	
District Manager –	Ms. Walden noted that the next meeting is scheduled for Tuesday,	
	November 15, 2022.	

3 | P a g e 

Ms. Walden asked the Board what they wanted to do about the funds in the 2016 reserve account in the amount of $1,432.71. The Board decided to let the funds remain in the account.	
District Engineer –	No report.	
Construction Supervisor –	No report.	
Landscape Supervisor –	Mr. McDermott stated the tree trimming is complete on the outside of the roadway and they will be coming back next week to do the medians.	
Irrigation Supervisor –	No report.	

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests

Mr. Lynaugh asked about the new road with the roundabout to see if there are any updates.
Mr. Newton stated the schedule for Performance Drive Phase 3 has been in flux, but the developer is going to commence construction of the trail that runs along the road because there is an obligation to USTA.

FOURTEENTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Shenai, seconded by Mr. Da Silva, with all in favor, the October 18, 2022, meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

4 | P a g e 

Resolution 2023-02, Adopting an Amended Budget for
Fiscal Year 2022
(provided under separate cover)

Operation and Maintenance Expenditures Paid in October 2022 in an amount totaling $74,357.64

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

The total items being presented:    $74,357.64

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

				Myrte Creek mprovement District AP Check Register (Current by Bank) Check Dates: 10/1/2022 to 10/31/2022		
Check No.	Date	Status*	Vendor D	Payee Name	Amount	
						
BANK D: SUN - CTY NATONAL BANK		001-101-0000-00-01	
4213	10/07/22	M	BCID	Boggy Creek Improv. District	$46.00	
4214	10/07/22	M	CEPRA	Cepra Landscape	$12,875.80	
4215	10/13/22	M	AWC	Aquatic Weed Control, Inc.	$325.00	
4216	10/13/22	M	CEPRA	Cepra Landscape	$1,860.00	
4217	10/13/22	M	DEO	Dept. of Economic Opportunity	$175.00	
4218	10/13/22	M	DONMC	Donald W. McIntosh Associates	$320.63	
4219	10/13/22	M	DWCOH	DWC Outdoors & Hauling LLC	$30,000.00	
4220	10/13/22	M	HTFL	Hathaway's Tree Farm & Landsca	$1,232.00	
4221	10/13/22	M	KUTAK	Kutak Rock	$2,910.58	
4222	10/13/22	M	ORLSEN	Orlando Sentinel	$237.50	
4223	10/13/22	M	PFMGC	PFM Group Consulting	$11,055.23	
				BANK SUN REGSTER TOTAL:	
61037.74	
				GRAND TOTAL :	
61037.74	

* Check Status Types: P - Printed ; M - Manua ; V - Void ( Void Date ); A - Appication; E - EFT

Funding Request #124	
9/2/2022				
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Cepra Landscape			
	Wellspring Sod Replacement	ORL2837	$  9,700.00	
	Wellspring September Landscaping	ORL2870	$  2,708.00	

TOTAL	$ 12,408.00

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

Funding Request #125	
9/9/2022				
Item	Payee	Invoice	General	
No.		Number	Fund	

1	Cepra Landscape
Wellspring August Irrigation Repairs	ORL2867	$	467.80

TOTAL	$	467.80

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

Funding Request #126
9/16/2022

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursment for Construction-Related Legal Advertising on Req 265	OSC59792483	$	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

By Aoiand'a 1ane af 5:26 pm, Opt gi, ygyy

Payment Authorlzation #555 9/30/2022

Item
No.	Payee	Invoice Number	General Fund	

1	
Donald W McIntosh Associates
Engineering Services Through 09/09/2022	

43191	

$	320.63	
2	DWC Outdoors & Hauling Tree Pruning	
1833	
$ 30,000.00	
3	Kutak Rock
General Counsel Through 08/31/2022	
3110979	
$	2,910.58	
4	Odando Sentinel
Legal Advertising on 07/12/2022 (Ad: 7246136)	
OSC57271461	
$	237.50	
		
TOTAL	
$ 33,468.71	

écrefbry/Assistant Secretary

Chairperson

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

ec	ary/Assistant Secfetary

Myrtle Creek Improvement District c/o PFM Croup Consulting
350* Quadrangle Boulevard Pte 270 Orlando, F”L 328 a *

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #556
10/7/2022

Item
No.	Payee	Invoice
Number		General
Fund	Fiscal
Year	

1	
Aquatic Weed Control
October Waterway Service	

75906	

$	

325.00	

2	Berman Construction
October Administrator & Irrigation Specialist	
22310	
$	
3,000.01	

3	Boggy Creek Improvement District September ICM Expenses	
ICM2022-12	
$	
8,154.66		
4	Cepra Landscape Hurricane Ian Cleanup	
ORL3232	
$	
600.00		
	September Irrigation Repairs	ORL3239	$	1,260.00		

	Department of Economic Opportunity					
	FY 2023 Annual Fee	86605	$	175 00		
6	HTFL
Tree Injections	
10169	
S	
1,232.00		
7	OUC
Acct. 8795843030 Service 09/01/2022 — 10/03/2022		
$	
5 165 24	

8	PFM Group Consulting					
	June & July Postage	121886	$	1356		
	FY 2023 Tax Roll	121959	$	7,500.00		
	DM Fee. October 2022	DM-10-2022-32	$	3,541.67		

TOTAL	

$	

30,967 14		

16,42
14,5	68

Chairperson

LaneAB ofm ccm	40 7 *2:J- 53?fi

By Amanda Lane at 9:08 am, Oct 12, 2022

Work Authorization/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

Myrtle Creek Improvement District
Statement of Financial Position As of 10/31/2022

Current Assets
General Checking Account Money Market Account
State Board of Administration Pond Reserve
Accounts Receivable - Due from Developer Deposits
General Reserve 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

General Long- Term Debt

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$560,497.88				
68,873.94				
4,044.05				
4,999.80				
2,341.49				
4,300.00				
213,483.57				
	$334,815.51			
	307,028.89			
	611,503.39			
			$59.50	
			403,874.40	
$858,540.73	$1,253,347.79		$403,933.90	
$0.00	$0.00		$0.00	
$858,540.73	$1,253,347.79		$403,933.90	

$0.00		$2,515,822.42	

$1,253,347.79		
$1,253,347.79	
14,466,652.21		14,466,652.21	

$15,720,000.00

$15,720,000.00

Total

$560,497.88 68,873.94
4,044.05
4,999.80
2,341.49
4,300.00
213,483.57
334,815.51
307,028.89
611,503.39
59.50
403,874.40

$15,720,000.00

$18,235,822.42

	$5,107.51	
	7,859.64	
	2,341.49	
	59.50	
	59.50	
$0.00		$15,427.64	

$15,720,000.00		
$15,720,000.00	
$15,720,000.00		$15,720,000.00	
$15,720,000.00		$15,735,427.64	

	Myrtle Creek Improvement District	
	Statement of Financial Position	
	As of 10/31/2022	
	
General Fund	
Debt Service	
Capital Projects Fund	
	Liabilities and Net Assets	
Current Liabilities		
Accounts Payable	$5,107.51	
Due To Other Governmental Units	7,859.64	
Deferred Revenue	2,341.49	
Accounts Payable	$59.50	
Deferred Revenue	59.50	
Total Current Liabilities	$15,308.64	$0.00	$119.00	

Long Term Liabilities		
Revenue Bonds Payable - Long-Term		
Total Long Term Liabilities	$0.00	$0.00	$0.00	
Total Liabilities	$15,308.64	$0.00	$119.00	

Net Assets		
Net Assets, Unrestricted	$873,614.43	
Current Year Net Assets - General Government	(30,382.34)	
Net Assets, Unrestricted	$1,253,347.79	
Current Year Net Assets, Unrestricted	0.00	
Net Assets, Unrestricted	$403,874.40	
Current Year Net Assets, Unrestricted	(59.50)	
Total Net Assets	$843,232.09	$1,253,347.79	$403,814.90	
		
Total Liabilities and Net Assets	$858,540.73	$1,253,347.79	$403,933.90	

	$873,614.43	
	(30,382.34)	
	1,253,347.79	
	0.00	
	403,874.40	
	(59.50)	
$0.00		$2,500,394.78	
			
$15,720,000.00		$18,235,822.42	

Page 2 of 2

General Long- Term Debt

Total

Myrtle Creek Improvement District
Statement of Activities As of 10/31/2022

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

Revenues

Total Revenues	$0.00	$0.00	$0.00	$0.00	$0.00

Expenses

Public Officials' Liability Insurance	$3,892.00								$3,892.00	
Management	$3,541.67								3,541.67	
Assessment Administration	7,500.00								7,500.00	
Bank Fees	0.20								0.20	
Dues, Licenses, and Fees	175.00								175.00	
Aquatic Contract	325.00								325.00	
General Liability Insurance	4,458.00								4,458.00	
Landscaping Maintenance & Material	39.49								39.49	
IME - Aquatics Maintenance	263.03								263.03	
IME - Landscaping	7,229.41								7,229.41	
Personnel Leasing Agreement	3,000.01								3,000.01	
Legal Advertising					$59.50				59.50	
Total Expenses	$30,423.81		$0.00		$59.50		$0.00		$30,483.31	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$41.47								$41.47	
Interest Income			$0.00						0.00	
Interest Income					$0.00				0.00	
Total Other Revenues (Expenses) & Gains (Losses)	$41.47		$0.00		$0.00		$0.00		$41.47	
Change In Net Assets	($30,382.34)		$0.00		($59.50)		$0.00		($30,441.84)	

Net Assets At Beginning Of Year	
$873,614.43		
$1,253,347.79		
$403,874.40		
$0.00		
$2,530,836.62	

Net Assets At End Of Year	
$843,232.09		
$1,253,347.79		
$403,814.90		
$0.00		
$2,500,394.78	

Page 1 of 1

Actual	Budget	Variance

FY 2023	Percentage Adopted Budget		Spent

$	582,563.80	$	85,015.21	$	497,548.59	$  1,020,182.57	57.10%	

$	

-	

$	

1,000.00	

$	

(1,000.00)	

$	12,000.00	

0.00%	
	
3,892.00		
388.75		
3,503.25	
4,665.00	
83.43%	
	-		833.33		(833.33)	10,000.00	0.00%	
	3,541.67		3,541.67		-	42,500.00	8.33%	
	-		833.33		(833.33)	10,000.00	0.00%	
	-		583.33		(583.33)	7,000.00	0.00%	
	-		166.67		(166.67)	2,000.00	0.00%	
	-		2,083.33		(2,083.33)	25,000.00	0.00%	
	7,500.00		625.00		6,875.00	7,500.00	100.00%	
	-		20.83		(20.83)	250.00	0.00%	
	-		333.33		(333.33)	4,000.00	0.00%	
	-		75.00		(75.00)	900.00	0.00%	
	-		25.00		(25.00)	300.00	0.00%	
	-		4.17		(4.17)	50.00	0.00%	
	-		83.33		(83.33)	1,000.00	0.00%	
	-		166.67		(166.67)	2,000.00	0.00%	
	-		541.67		(541.67)	6,500.00	0.00%	
	0.20		30.00		(29.80)	360.00	0.06%	
	-		791.64		(791.64)	9,500.00	0.00%	
	-		33.33		(33.33)	400.00	0.00%	
	-		20.83		(20.83)	250.00	0.00%	
	-		208.33		(208.33)	2,500.00	0.00%	
	-		225.00		(225.00)	2,700.00	0.00%	
	-		104.17		(104.17)	1,250.00	0.00%	
	175.00		14.58		160.42	175.00	100.00%	

Revenues

On-Roll Assessments	$	-	$	78,193.44	$	(78,193.44)	$	938,321.30	0.00%	
Carryforward Revenue	582,563.80	6,821.77	575,742.03	81,861.27	711.65%	
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	$	15,108.87	$	12,733.29	$	2,375.58	$	152,800.00	9.89%	

Page 1 of 3

Actual	Budget	Variance	FY 2023
Adopted Budget	Percentage Spent	

$	-	$	125.00	$
-	41.67	

(125.00)
(41.67)	

$	1,500.00
500.00	

0.00%
0.00%	

-	1,666.67	
(1,666.67)	
20,000.00	
0.00%	

325.00	333.33
-	416.67	
(8.33)
(416.67)	
4,000.00
5,000.00	
8.13%
0.00%	

4,458.00	375.00
-	141.67
-	41.67
-	3,750.00	
4,083.00
(141.67)
(41.67)
(3,750.00)	
4,500.00
1,700.00
500.00
45,000.00	
99.07%
0.00%
0.00%
0.00%	
-	21,964.76
39.49	39.49
-	3,333.33
-	4,166.67
-	7,138.77
-	234.17
-	4,166.67	(21,964.76)
- (3,333.33)
(4,166.67)
(7,138.77)
(234.17)
(4,166.67)	263,577.12
473.88
40,000.00
50,000.00
85,665.18
2,810.00
50,000.00	0.00%
8.33%
0.00%
0.00%
0.00%
0.00%
0.00%	

263.03	278.25
-	262.50
7,229.41	7,229.41
-	1,050.00
-	105.00
-	525.00
-	131.25	
(15.22)
(262.50)
- (1,050.00)
(105.00)
(525.00)
(131.25)	
3,339.00
3,150.00
86,752.89
12,600.00
1,260.00
6,300.00
1,575.00	
7.88%
0.00%
8.33%
0.00%
0.00%
0.00%
0.00%	

-	1,250.00	
(1,250.00)	
15,000.00	
0.00%	

-	833.33
-	1,250.00	
(833.33)
(1,250.00)	
10,000.00
15,000.00	
0.00%
0.00%	

3,000.01	3,000.00	
0.01	
36,000.00	
8.33%	

-	1,666.67
-	196.67	
(1,666.67)
(196.67)	
20,000.00
2,360.00	
0.00%
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	$	15,314.94	$	65,713.62	$	(50,398.68)	$	788,563.07	1.94%

Page 2 of 3

Actual	Budget	Variance

FY 2023	Percentage Adopted Budget		Spent

Wellspring Blvd./Performance Drive Expense

Irrigation Repairs	-	666.67	(666.67)	$	8,000.00	0.00%	
Landscaping	-	2,984.96	(2,984.96)	35,819.50	0.00%	
Flower & Plant Replacement	-	833.33	(833.33)	10,000.00	0.00%	
Lighting	-	1,641.67	(1,641.67)	19,700.00	0.00%	
Miscellaneous	-	291.67	(291.67)	3,500.00	0.00%	
Water Reclaimed	-	208.33	(208.33)	2,500.00	0.00%	

Total Wellspring Blvd./Performance Drive Expenses	$	-		$	6,626.63		$	(6,626.63)		$	79,519.50		0.00%	

Total Expenses	
$	
30,423.81		
$	
85,073.54		
$	
(54,649.73)		
$	
1,020,882.57		
2.98%	
Income (Loss) from Operations	$	552,139.99		$	(58.33)		$	552,198.32		$	(700.00)			

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

$
$	

41.47
41.47		

$
$	

58.33
58.33		

$
$	

(16.86)
(16.86)		

$
$	

700.00
700.00		

5.92%
5.92%	
Net Income (Loss)	$	552,181.46		$	-		$	552,181.46		$	-			

Page 3 of 3

Myrtle Creek Improvement District Cash Flow

FY22 Inflows	FY22 Outflows	FY23 Inflows	FY23 Outflows	End. Cash	
			-			
2,713.58	(35,195.43)	-	-	418,217.10		
215,938.17	(20,262.56)	-	-	611,564.30		
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		
32,689.81	(168,689.61)	-	-	702,977.87		
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		
-	-	-	-	560,497.88	as of 11/05/2022	

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	
9/1/2022	702,977.87	
10/1/2022	621,925.83	
11/1/2022	560,497.88	

Totals	2,249,894.17	(2,129,282.08)	7.89	(16,350.00)

Myrtle Creek Improvement District Construction Tracking - early November

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		221,838.51
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	403,874.40

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	403,874.40

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

Total Committed	$	-
==========	
Net Uncommitted		403,874.40