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, December 13, 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
Swearing in of Newly Elected Board Members
Consideration of the Minutes of the November 15, 2022, Board of Supervisors’ Meeting
Consideration of Resolution 2023-02, Election of Officers

Business Matters
Ratification of Operation and Maintenance Expenditures Paid in November 2022 in an amount totaling $59,483.26
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

Oath of Office

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS
OATH OF OFFICE

I,	, A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF MYRTLE CREEK IMPROVEMENT DISTRICT AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor

ACKNOWLEDGMENT OF OATH BEING TAKEN

STATE OF FLORIDA
COUNTY OF 	

The foregoing oath was administered before me by means of □ physical presence or □

online	notarization,	this		

day	of

	,	2022,	by

	, who is personally known to me or has produced
	 as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of Myrtle Creek Improvement District and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida

Print Name: 	

Commission No.: 	 Expires: 	

MYRTLE CREEK IMPROVEMENT DISTRICT

Minutes of the November 15, 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, November 15, 2022, at 5:00 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827.

Present:

Bob Da Silva	Chairman	(joined at 5:01 p.m.)
Kam Shenai	Vice Chairman
John Lynaugh	Assistant Secretary
Marsha Leed	Assistant Secretary

Also attending:

Jennifer Walden	PFM		
Lynne Mullins	PFM	(via phone)	
Amanda Lane	PFM	(via phone)	
Jorge Jimenez	PFM		
Tucker Mackie	Kutak Rock		
Jeffrey Newton	Donald W. McIntosh Associates		
Matt McDermott	Construction Committee Member		
Aaron Wilbanks	Berman		
Ryan Dugan	Kutak Rock		

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 October 18, 2022, Board of Supervisors’ Meeting

Mr. Da Silva joined the meeting at 5:01 p.m.

The Board reviewed the minutes of the October 18, 2022, Board of Supervisors’ Meeting.

On motion by Ms. Leed, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the October 18, 2022, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in October 2022 in an amount totaling
$74,357.64

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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 October 2022 in an amount totaling $74,357.64.

FIFTH ORDER OF BUSINESS	Recommendation of Work Authorization/Proposed Services

There were no Work Authorizations.

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

Ms. Walden stated these financials are for the first month of the new Fiscal Year. The District has spent
$85,000.00 of the over $1,000,000.00 budget.

SEVENTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.

District Manager –	Ms. Walden stated as a reminder the December meeting was moved up a week to Tuesday, December 13, 2022.

District Engineer –	No report.

Construction Supervisor –	Not present.

Landscape Supervisor –	Mr. Wilbanks stated the map wasn’t updated during the maintenance
contract bid process, so the current vendor didn’t bid to install the flowers at both entrances. The landscaping company has submitted a proposal to add in those flowers for $875.00, and District staff would like to accept that proposal and move forward. The landscaping company will be submitting a cost proposal for the rest of the year, and at that point the District could adopt an addendum to add it to the contract.

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the proposal to cover the four beds for the Christmas rotation in the amount of $875.00.

Mr. McDermott stated all Oak tree canopies have been elevated to avoid limbs being struck by large vehicles. The canopies were not reduced as a result of this trimming.

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Mr. McDermott noted there were some small broken branches over the trails that the landscaping company cleaned up. There will be an additional
$1,500.00 on the bill for that clean up.

Mr. McDermott noted he is waiting on an update from the City about the timeline for Narcoossee Road and Lake Nona Blvd.

Irrigation Supervisor –	No report.

EIGHTH ORDER OF BUSINESS	Supervisor Requests

Mr. Shenai stated he met with BrightView recently. Everything they explained made since and he felt comfortable after that meeting.

NINTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Da Silva, seconded by Mr. Lynaugh, with all in favor, the November 15, 2022, meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

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MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2023-02, Election of Officers

RESOLUTION 2023-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS,	the	MYRTLE	CREEK	IMPROVEMENT	DISTRICT
(hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District desires to elect the Officers of the District.

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

Section 1.		 is elected Chair.

Section 2.		 is elected Vice Chair.

Section 3.		 is elected Secretary.

	 is elected Assistant Secretary.

	 is elected Assistant Secretary.

	 is elected Assistant Secretary.

	 is elected Assistant Secretary.

Section 4.		 is elected Treasurer.

Section 5.		 is elected Assistant Treasurer.

Section 6.	All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.

Section 7.	This Resolution shall	become	effective	immediately upon its adoption.

PASSED AND ADOPTED THIS 13th DAY of DECEMBER 2022.

MYRTLE CREEK IMPROVEMENT
ATTEST:	DISTRICT

Secretary/Assistant Secretary	Chair/Vice-Chair

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in November 2022 in an amount totaling $59,483.26

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 November 1, 2022 through November 30, 2022. This does not include expenditures previously approved by the Board.

The total items being presented:    $59,483.26

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

   
     
    

 





 	 



      



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

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

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	

FY2022	
4	Ce pra Landscape
Hurricane Ian Cleanup	
ORL3232	
$	600.00		
	September Irrigation Repairs	ORL3239	$	1,260.00		
5	Department of Economic Opportunity
FY 2023 Annual Fee	
86605	
$	175.00		
6	HTFL
Tree Injections	
10169	
$	1,232.00	

FY 2022	
7	CUC
Acct: 8795843030; Service 09/01/2022 - 10/03/2022		
$	5,165.24	

FY2022	
8	PFM Group Consulting
June & July Postage	
121886	
$	13.56		
	FY 2023 Tax Roll	121959	$	7,500.00		
	DM Fee: October 2022	DM-10-2022-32	$	3,541.67		
		TOTAL	$  30,967.14		

Chairperson

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

[RECEIVED	l

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #127
10/7/2022

Item
No.	Payee	Invoice
Number	General
Fund	Fiscal
Year	

1	
Cepra Landscape
Wellspring September Irrigation Repairs	

ORL3239	

$	660.00	

  FY 2022 	
2	Orlando Utilities Commission				
	11728 Wellspring Drive (08/02/2022 - 09/01/2022)	Acct: 4782400001	$	194.73	FY 2022	
	11883 Wellspring Drive (08/02/2022 - 09/01/2022)	Acct: 4782400001	$	509.78	FY 2022	
	11728 Wellspring Drive (09/01/2022 - 10/03/2022)	Acct: 4782400001	$	168.83	FY 2022	
	11883 Wellspring Drive (09/01/2022 - 10/03/2022)	Acct: 4782400001	$	808.15	FY 2022	

TOTAL	
$ 2,341.49		

2,341.49
-	FY 2022	
	FY 2023	

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #128
10/14/2022		
Item No.	Payee	Invoice Number	General Fund	Fiscal Year	

1	
Boggy Creek Improvement District
Reimbursement for Construction-Related Legal Advertising on Req 270	

OSC61235623	

$	59.50	

 FY 2023 	
		
TOTAL	
$	59.50		

-
59.50	FY 2022	
	FY 2023	

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #557
11/4/2022		
Item	Payee	Invoice	General	Fiscal	
No.		Number	Fund	Year	
1	Aquatic Weed Control				
	November Waterway Service	76936	$	325.00		
2	Bennan Construction				
	November Administrator & Irrigation Specialist	23066	$	3,000.01		
3	BrightView Landscape Services				
	October Landscape Maintenance	8148600	$ 15,100.98		
	November Landscape Maintenance	8148709	$  15,100.98		
4	owe Outdoors & Hauling
Tree Removal - Hurricane Ian	

1965	
$	750.00	

FY2022	
5	Hathaway's Tree Fann & Landscaping				
	LNB Re-stake Oak Tree - Hurricane Cleanup	10299	$	500.00	FY2022	
6	Kutak Rock				
	General Counsel Through 09/30/2022	3124650	$	197.50	FY2022	
7	Orlando Sentinel				
	Legal Advertising on 10/11/2022 (Ad: 7299822)	OSC61933725	$	249.50		
8	PFM Financial Advisors				
	Series 2016 - Re-amortization Services 11/01/2022	122356	$	125.00		
9	Supervisor Fees • 10/18/2022 Meeting
Marsha Leed		
$	200.00		
	KamShenai		$	200.00		
	John Lynaugh		$	200.00		
	Kyle Scholl		$	200.00		
	Bob daSilva		$	200.00		
10	US Bank				
	Trustee Fees for 2016A Series: 10/01/2022 - 09/30/2023	6705878	$	6,775.32		
		
TOTAL	
$ 43,124.29		

Chairperson

Myrtle Creek Improvement Distnct c/o PFM Group Consuling
3501 Quadrangle Boulevard. Ste. 270
Orlando. FL 32817
L�pfm.com II (<!071 723-5925

RECEIVED
By Amanda Lane at 7:53 am, Nov 09, 2022

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 11/30/2022

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

	Assets		
Current Assets
General Checking Account	
$646,515.12							
$646,515.12	
Money Market Account	68,879.32							68,879.32	
State Board of Administration	4,057.15							4,057.15	
Pond Reserve	5,000.00							5,000.00	
Assessments Receivable	875,839.97							875,839.97	
Deposits	4,300.00							4,300.00	
General Reserve	213,500.24							213,500.24	
Assessments Receivable		$1,179,437.53						1,179,437.53	
Due From Other Funds		82,114.58						82,114.58	
Debt Service Reserve		335,542.93						335,542.93	
Revenue		51,224.48						51,224.48	
Prepayment		1,503.39						1,503.39	
Accounts Receivable - Due from Developer				$49.15				49.15	
Acquisition/Construction		
		404,751.85				404,751.85	
Total Current Assets	$1,818,091.80	$1,649,822.91		$404,801.00		$0.00		$3,872,715.71	

Investments									
Amount Available in Debt Service Funds							$388,270.80		$388,270.80	
Amount To Be Provided							14,721,729.20		14,721,729.20	
Total Investments	$0.00		$0.00		$0.00		$15,110,000.00		$15,110,000.00	
Total Assets	$1,818,091.80		$1,649,822.91		$404,801.00		$15,110,000.00		$18,982,715.71	

Page 1 of 2

Myrtle Creek Improvement District
Statement of Financial Position As of 11/30/2022

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

Liabilities and Net Assets

Current Liabilities

Accounts Payable	$115,289.58								$115,289.58	
Due To Other Governmental Units	7,673.25								7,673.25	
Deferred Revenue	875,839.97								875,839.97	
Deferred Revenue			$1,179,437.53						1,179,437.53	
Accounts Payable					$49.15				49.15	
Deferred Revenue					49.15				49.15	
Total Current Liabilities	$998,802.80		$1,179,437.53		$98.30		$0.00		$2,178,338.63	

Long Term Liabilities
Revenue Bonds Payable - Long-Term							

$15,110,000.00		

$15,110,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$15,110,000.00		$15,110,000.00	
Total Liabilities	$998,802.80		$1,179,437.53		$98.30		$15,110,000.00		$17,288,338.63	

Net Assets
Net Assets, Unrestricted	

$1,285,711.94								

$1,285,711.94	
Net Assets - General Government	(409,756.02)								(409,756.02)	
Current Year Net Assets - General Government	(56,666.92)								(56,666.92)	
Net Assets, Unrestricted			$1,253,347.79						1,253,347.79	
Current Year Net Assets, Unrestricted			(782,962.41)						(782,962.41)	
Net Assets, Unrestricted					($417,951.06)				(417,951.06)	
Net Assets, Unrestricted					821,825.46				821,825.46	
Current Year Net Assets, Unrestricted					828.30				828.30	
Total Net Assets	$819,289.00		$470,385.38		$404,702.70		$0.00		$1,694,377.08	
										
Total Liabilities and Net Assets	$1,818,091.80		$1,649,822.91		$404,801.00		$15,110,000.00		$18,982,715.71	

Page 2 of 2

Myrtle Creek Improvement District
Statement of Activities As of 11/30/2022

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

Revenues

On-Roll Assessments	$60,977.57								$60,977.57	
On-Roll Assessments			$82,114.58						82,114.58	
Developer Contributions					$59.50				59.50	
Total Revenues	$60,977.57		$82,114.58		$59.50		$0.00		$143,151.65	

Expenses

Supervisor Fees	$1,800.00								$1,800.00	
Public Officials' Liability Insurance	3,892.00								3,892.00	
Trustee Services	6,775.32								6,775.32	
Management	3,541.67								3,541.67	
Assessment Administration	7,500.00								7,500.00	
Reamortization Schedules	125.00								125.00	
Legal Advertising	249.50								249.50	
Miscellaneous	0.97								0.97	
Dues, Licenses, and Fees	175.00								175.00	
Electric	143.35								143.35	
Entry Lighting	19.52								19.52	
Water Reclaimed	3,559.68								3,559.68	
Aquatic Contract	650.00								650.00	
General Liability Insurance	4,458.00								4,458.00	
Landscaping Maintenance & Material	30,280.94								30,280.94	
Tree Trimming	31,500.00								31,500.00	
Flower & Plant Replacement	875.00								875.00	
IME - Aquatics Maintenance	526.06								526.06	
IME - Landscaping	14,458.82								14,458.82	
IME - Lighting	64.38								64.38	
IME - Water Reclaimed	76.94								76.94	
Streetlights	1,056.30								1,056.30	
Personnel Leasing Agreement	6,000.02								6,000.02	
Principal Payments			$610,000.00						610,000.00	
Interest Payments			257,800.00						257,800.00	
Legal Advertising					$108.65				108.65	
Total Expenses	$117,728.47		$867,800.00		$108.65		$0.00		$985,637.12	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$83.98								$83.98	
Interest Income			$2,723.01						2,723.01	
Interest Income					$877.45				877.45	
Total Other Revenues (Expenses) & Gains (Losses)	$83.98		$2,723.01		$877.45		$0.00		$3,684.44	
Change In Net Assets	($56,666.92)		($782,962.41)		$828.30		$0.00		($838,801.03)	

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	

$819,289.00		

$470,385.38		

$404,702.70		

$0.00		

$1,694,377.08	

Page 1 of 1

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 11/30/2022

YTD Actual

$	60,977.57
13,643.55	
$	74,621.12

$	1,800.00

3,892.00
6,775.32
3,541.67
-
-
-
- 7,500.00
125.00
-
-
-
-
-
- 249.50
- 0.97
-
-
-
-
- 175.00	
$	24,059.46

$	105.41
19.52

3,042.39

650.00
-

4,458.00
-
-
-	

Oct-22	Nov-22

Revenues

On-Roll Assessments	$	-		$  60,977.57	
Carryforward Revenue	6,821.77		6,821.78	
Net Revenues	$	6,821.77		$  67,799.35	

General & Administrative Expenses					
Legislative
Supervisor Fees	
$		
$	
1,800.00	
Financial & Administrative					
Public Officials' Liability Insurance	3,892.00		-	
Trustee Services	-		6,775.32	
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	3,541.67
-
-
-
- 7,500.00
-
-
-
-
-
-
-
-		-
-
-
-
-
- 125.00
-
-
-
-
-
- 249.50	
Bank Fees	0.20		(0.20)	
Miscellaneous Meeting Room Office Supplies Property Taxes
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees	-
-
-
-
-
- 175.00		0.97
-
-
-
-
-
-	
Total General & Administrative Expenses	$	15,108.87		$	8,950.59	

Field Operations			
Electric Utility Services			
Electric	$	$	105.41	
Entry Lighting		19.52	
Water-Sewer Combination Services			
Water Reclaimed	-	3,042.39	
Stormwater Control
Aquatic Contract	
325.00	
325.00	
Lake/Pond Repair Reserve	-	-	
Other Physical Environment
General Liability Insurance	
4,458.00	
-	
Property & Casualty Insurance	-	-	
Auto Insurance	-	-	
Irrigation	-	-	

-

-
-

Page 1 of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 11/30/2022

Landscaping Maintenance & Material	Oct-22	Nov-22	
District Landscaping	-	24,365.98	
Gateway Road Landscaping	39.49	39.49	
Tree Trimming	-	31,500.00	
Flower & Plant Replacement	-	875.00	

YTD Actual

24,365.98
78.98
31,500.00
875.00
-
-
-

526.06
- 14,458.82
- 64.38
- 76.94

-

- 1,056.30

6,000.02

-
-	
$	87,277.80

- 5,835.98
- 37.94
- 517.29	
$	6,391.21	

Contingency	-	-
Pest Control	-	-
Hurricane Cleanup	-	-
Interchange Maintenance Expenses
IME - Aquatics Maintenance	263.03	263.03
IME - Irrigation	-	-
IME - Landscaping	7,229.41	7,229.41 IME - Landscape Improvements		-		-
IME - Lighting	-	64.38
IME - Miscellaneous	-	-
IME - Water Reclaimed	-	76.94
New Operational Field Expenses
Trail Repair	-	-
Road & Street Facilities
Entry and Wall Maintenance	-	-
Streetlights	-	1,056.30
Parks & Recreation
Personnel Leasing Agreement	3,000.01	3,000.01
Contingency
Infrastructure Capital Reserve	-	-
Interchange Maintenance Reserve	-	-

Total Field Operations Expenses

$	15,314.94

$  71,962.86

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

-	-
-	5,835.98
-	-
-	37.94
-	-
-	517.29

$	(43,107.35)

$	83.98	
$	83.98	
$	(43,023.37)	

Total Wellspring Blvd./Performance Drive Expenses

$	-	$

6,391.21

Total Expenses

 $	30,423.81 

 $  87,304.66 

$	117,728.47

Income (Loss) from Operations

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

Net Income (Loss)

$

$
$

$

Page 2 of 2

(23,602.04)

41.47
41.47

(23,560.57)

$ (19,505.31)

$	42.51

$	42.51

$ (19,462.80)

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 11/30/2022

Actual	Budget	Variance	FY 2023
Adopted Budget

Percentage Spent

Revenues

On-Roll Assessments	$	60,977.57	$	156,386.88	$	(95,409.31)	$	938,321.30	6.50%	
Carryforward Revenue	13,643.55	13,643.55	-	81,861.27	16.67%	
Net Revenues	$	74,621.12	$	170,030.43	$	(95,409.31)	$  1,020,182.57	7.31%	

Supervisor Fees	$	1,800.00	$	2,000.00	$	(200.00)	$	12,000.00	15.00%	
inancial & Administrative
Public Officials' Liability Insurance	3,892.00	777.50	3,114.50	4,665.00	83.43%	
Trustee Services	6,775.32	1,666.67	5,108.65	10,000.00	67.75%	
Management	3,541.67	7,083.33	(3,541.66)	42,500.00	8.33%	
Engineering	-	1,666.67	(1,666.67)	10,000.00	0.00%	
Dissemination Agent	-	1,166.67	(1,166.67)	7,000.00	0.00%	
Property Appraiser	-	333.33	(333.33)	2,000.00	0.00%	
District Counsel	-	4,166.67	(4,166.67)	25,000.00	0.00%	
Assessment Administration	7,500.00	1,250.00	6,250.00	7,500.00	100.00%	
Reamortization Schedules	125.00	41.67	83.33	250.00	50.00%	
Audit	-	666.67	(666.67)	4,000.00	0.00%	
Arbitrage Calculation	-	150.00	(150.00)	900.00	0.00%	
Travel and Per Diem	-	50.00	(50.00)	300.00	0.00%	
Telephone	-	8.33	(8.33)	50.00	0.00%	
Postage & Shipping	-	166.67	(166.67)	1,000.00	0.00%	
Copies	-	333.33	(333.33)	2,000.00	0.00%	
Legal Advertising	249.50	1,083.33	(833.83)	6,500.00	3.84%	
Bank Fees	-	60.00	(60.00)	360.00	0.00%	
Miscellaneous	0.97	1,583.34	(1,582.37)	9,500.00	0.01%	
Meeting Room	-	66.67	(66.67)	400.00	0.00%	
Office Supplies	-	41.67	(41.67)	250.00	0.00%	
Property Taxes	-	416.67	(416.67)	2,500.00	0.00%	
Web Site Maintenance	-	450.00	(450.00)	2,700.00	0.00%	
Holiday Decorations	-	208.33	(208.33)	1,250.00	0.00%	
Dues, Licenses, and Fees	175.00	29.17	145.83	175.00	100.00%	
Total General & Administrative Expenses	$	24,059.46	$	25,466.69	$	(1,407.23)	$	152,800.00	15.75%	

General & Administrative Expenses Legislative

F

Page 1 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 11/30/2022

Actual	Budget	Variance	FY 2023
Adopted Budget

Percentage Spent

Field Operations
Electric Utility Services		
Electric	$	105.41	$	250.00	$	(144.59)	$	1,500.00	7.03%	
Entry Lighting	19.52	83.33	(63.81)	500.00	3.90%	
Water-Sewer Combination Services
Water Reclaimed	
3,042.39	
3,333.33	
(290.94)	
20,000.00	
15.21%	
Stormwater Control
Aquatic Contract	
650.00	
666.67	
(16.67)	
4,000.00	
16.25%	
Lake/Pond Repair Reserve	-	833.33	(833.33)	5,000.00	0.00%	
Other Physical Environment
General Liability Insurance	
4,458.00	
750.00	
3,708.00	
4,500.00	
99.07%	
Property & Casualty Insurance	-	283.33	(283.33)	1,700.00	0.00%	
Auto Insurance	-	83.33	(83.33)	500.00	0.00%	
Irrigation Repairs
Landscaping Maintenance & Material	-	7,500.00	(7,500.00)	45,000.00	0.00%	
District Landscaping	24,365.98	43,929.52	(19,563.54)	263,577.12	9.24%	
Gateway Road Landscaping	78.98	78.98	-	473.88	16.67%	
Tree Trimming	31,500.00	6,666.67	24,833.33	40,000.00	78.75%	
Flower & Plant Replacement	875.00	8,333.33	(7,458.33)	50,000.00	1.75%	
Contingency	-	14,277.53	(14,277.53)	85,665.18	0.00%	
Pest Control	-	468.33	(468.33)	2,810.00	0.00%	
Hurricane Cleanup	-	8,333.33	(8,333.33)	50,000.00	0.00%	
Interchange Maintenance Expenses
IME - Aquatics Maintenance	
526.06	
556.50	
(30.44)	
3,339.00	
15.76%	
IME - Irrigation Repairs	-	525.00	(525.00)	3,150.00	0.00%	
IME - Landscaping	14,458.82	14,458.82	-	86,752.89	16.67%	
IME - Landscape Improvements	-	2,100.00	(2,100.00)	12,600.00	0.00%	
IME - Lighting	64.38	210.00	(145.62)	1,260.00	5.11%	
IME - Miscellaneous	-	1,050.00	(1,050.00)	6,300.00	0.00%	
IME - Water Reclaimed	76.94	262.50	(185.56)	1,575.00	4.89%	
New Operational Field Expenses
Trail Repair	
-	
2,500.00	
(2,500.00)	
15,000.00	
0.00%	
Road & Street Facilities
Entry and Wall Maintenance	
-	
1,666.67	
(1,666.67)	
10,000.00	
0.00%	
Streetlights	1,056.30	2,500.00	(1,443.70)	15,000.00	7.04%	
Parks & Recreation
Personnel Leasing Agreement	
6,000.02	
6,000.00	
0.02	
36,000.00	
16.67%	
Reserves						
Infrastructure Capital Reserve		-		3,333.33		(3,333.33)		20,000.00	0.00%	
Interchange Maintenance Reserve		-		393.33		(393.33)		2,360.00	0.00%	
Total Field Operations Expenses	$	87,277.80	$	131,427.16	$	(44,149.36)	$	788,563.07	11.07%	

Page 2 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 11/30/2022

Actual	Budget	Variance	FY 2023
Adopted Budget

Percentage Spent

Wellspring Blvd./Performance Drive Expense

Irrigation Repairs	$	-	$	1,333.33	$	(1,333.33)	$	8,000.00	0.00%	
Landscaping	5,835.98	5,969.92	(133.94)	35,819.50	16.29%	
Flower & Plant Replacement	-	1,666.67	(1,666.67)	10,000.00	0.00%	
Lighting	37.94	3,283.33	(3,245.39)	19,700.00	0.19%	
Miscellaneous	-	583.33	(583.33)	3,500.00	0.00%	
Water Reclaimed	517.29	416.67	100.62	2,500.00	20.69%	
Total Wellspring Blvd./Performance Drive Expenses	$	6,391.21	$	13,253.25	$	(6,862.04)	$	79,519.50	8.04%	

Total Expenses	
$	
117,728.47	
$	
170,147.10	
$	
(52,418.63)	
$	
1,020,882.57	
11.53%	
Income (Loss) from Operations	$	(43,107.35)	$	(116.67)	$	(42,990.68)	$	(700.00)		

Other Income (Expense)
Interest Income	$	83.98		$	116.67		$	(32.69)		$	700.00		12.00%	
Total Other Income (Expense)	$	83.98		$	116.67		$	(32.69)		$	700.00		12.00%	
Net Income (Loss)	$	(43,023.37)		$	-		$	(43,023.37)		$	-			

Page 3 of 3

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

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

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 09/30/2022

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

$	-	
$ 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	
$  11,172.11	
$	2,818.11	
$  860,746.45	
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	4,044.72	15,773.72	53,283.77	
-	-	-	114.41	-	-	-	-	-	-	-	-	114.41	
472,619.09	(49,324.50)	34,262.76	-	-	-	-	-	-	-	-	-	457,557.35	

$ 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	
$  15,216.83	
$  18,591.83	$ 1,371,701.98	

$	-	

$  1,000.00	

$	-	

$	1,000.00	

$	1,000.00	

$	-	

$	1,000.00	

$  1,000.00	

$	800.00	

$	800.00	

$	1,000.00	

$	-	

$	7,600.00	

3,620.00	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
3,620.00	
7,113.66	-	-	-	-	-	-	-	-	-	-	-	7,113.66	
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	3,541.67	3,541.63	42,500.00	
-	250.00	381.50	-	569.00	644.00	939.50	2,170.00	6,410.50	2,343.00	375.00	703.76	14,786.26	
-	-	-	-	-	-	-	-	-	1,500.00	-	-	1,500.00	
-	-	-	-	-	2,122.41	-	-	-	-	-	-	2,122.41	
-	-	778.26	-	-	5,747.85	739.00	-	1,634.00	3,705.83	2,781.86	3,108.08	18,494.88	
7,500.00	-	-	-	-	-	-	-	-	-	-	-	7,500.00	
-	-	125.00	-	-	-	-	-	-	-	-	-	125.00	
-	-	-	-	-	-	-	3,625.00	-	-	-	-	3,625.00	
-	-	-	-	-	-	-	-	-	-	-	-	-	
-	-	8.21	-	5.67	5.73	-	-	11.47	7.14	6.10	3.05	47.37	
-	-	-	-	-	-	-	-	-	-	-	-	-	
-	-	3.37	0.53	6.46	-	-	-	0.53	31.30	29.13	13.56	84.88	
-	-	-	-	-	-	-	-	-	-	-	-	-	
248.75	-	252.50	237.50	-	475.00	1,592.52	237.50	177.42	-	10,355.50	237.50	13,814.19	
												-	
-	3.85	35.98	-	0.96	0.96	66.32	0.97	33.11	33.09	33.11	34.09	242.44	
-	-	-	-	-	245.00	-	-	-	-	-	-	245.00	
-	-	-	-	-	-	-	-	-	-	-	-	-	
125.00	125.00	425.00	125.00	-	260.00	-	570.00	-	570.00	135.00	135.00	2,470.00	
-	-	600.00	-	-	-	-	-	-	-	-	-	600.00	
175.00	-	-	-	-	-	-	-	-	-	-	-	175.00	

$  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	
$  18,257.37	
$	7,776.67	$  126,666.09	

$	-	

$	102.37	

$	102.37	

$	103.76	

$	102.26	

$	101.61	

$	102.90	

$	102.69	

$	104.31	

$	103.35	

$	104.91	

$	210.40	

$	1,240.93	
-	22.52	22.64	-	19.22	19.12	19.22	19.33	19.37	19.37	19.49	39.02	219.30	

-	
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	
3,226.01	
6,249.41	
27,155.58	

325.00	
325.00	
325.00	
325.00	
325.00	
325.00	
325.00	
325.00	
325.00	
325.00	
325.00	
325.00	
3,900.00	
-	-	-	-	-	-	-	-	-	-	-	5,000.00	5,000.00	

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	3,412.40	8,380.00	36,545.50	
-	-	-	-	121.60	-	-	1,125.80	201.00	-	391.80	1,127.80	2,968.00	
		
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	17,945.75	17,945.75	215,349.00	
39.49	39.49	39.49	39.49	39.49	39.49	39.49	39.49	39.49	39.49	39.49	39.49	473.88	
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	2,708.00	2,708.00	32,496.00	
-	-	-	-	-	-	-	-	-	10,000.00	-	31,232.00	41,232.00	
-	-	-	-	-	2,303.00	-	-	-	36,000.00	64,910.70	11,615.00	114,828.70	
-	-	-	-	-	2,622.00	-	-	-	-	-	-	2,622.00	

Page 1 of 2

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

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

Net Income (Loss)

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 09/30/2022

Oct-21

-
-
-	Nov-21

-
-
-	Dec-21

-
-
-	Jan-22

-
-
-	Feb-22

-
-
-	Mar-22

- 1,405.00
-	Apr-22

-
-
-	May-22

-
-
-	Jun-22

-
-
-	Jul-22

-
-
-	Aug-22

-
-
-	Sep-22

- 1,405.00
1,850.00	YTD Actual

- 2,810.00
1,850.00	
-	37.62	37.52	38.00	37.49	37.49	37.90	37.80	38.12	38.01	38.23	76.83	455.01	
-	-	-	-	-	-	-	-	-	-	-	-	-	
-	254.96	234.95	203.17	194.42	233.27	322.73	306.93	503.33	363.51	517.22	1,602.69	4,737.18	

263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
263.03	
3,156.36	
-	-	-	398.47	654.26	446.04	-	478.80	519.62	-	78.12	195.93	2,771.24	
6,363.21	6,363.21	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47	7,626.47	88,991.12	
-	72.28	73.16	80.20	72.48	67.93	71.74	64.92	68.27	64.84	69.54	143.13	848.49	
-	-	-	-	-	96.08	-	-	-	-	-	96.08	192.16	
-	36.51	22.82	45.64	35.21	28.26	34.12	54.99	57.60	44.77	75.20	118.24	553.36	

-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	

-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	1,079.25	1,079.25	(311.85)	1,091.56	985.78	1,056.30	1,056.30	1,056.30	1,056.30	1,056.30	2,112.60	11,318.09	

3,000.01	
3,000.01	
3,000.01	
-	
6,000.02	
3,000.01	
3,000.01	
3,000.01	
-	
6,000.02	
3,000.01	
3,000.01	
36,000.12	

-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
-	
20,000.00	
20,000.00	
-	-	-	-	-	-	-	-	-	-	-	2,360.00	2,360.00	

$  34,791.49	
$ 37,628.15	
$ 34,931.79	
$  34,958.43	
$  42,121.97	
$  43,378.02	
$  35,948.55	
$ 39,884.92	
$  40,243.18	
$  88,804.97	
$ 105,807.67	
$ 125,721.88	$  664,221.02	

 $  57,115.57 	
 $ 42,548.67 	
 $ 41,083.28 	
 $  39,863.13 	
 $  47,245.73 	
 $  56,420.64 	
 $  43,827.56 	
 $ 51,030.06 	
 $  52,851.88 	
 $ 101,337.00 	
 $ 124,065.04 	
 $ 133,498.55 	
$  790,887.11	

$ 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)	
$ (108,848.21)	
$ (114,906.72)	
$  580,814.87	

$	25.50	
$	28.41	
$	61.34	
$	33.47	
$	31.07	
$	256.54	
$	33.31	
$	38.02	
$	135.89	
$	36.62	
$	96.08	
$	399.34	
$	1,175.59	

$	25.50	
$	28.41	
$	61.34	
$	33.47	
$	31.07	
$	256.54	
$	33.31	
$	38.02	
$	135.89	
$	36.62	
$	96.08	
$	399.34	$	1,175.59	

$ 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)	
$ (108,752.13)	
$ (114,507.38)	$  581,990.46	

Page 2 of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 09/30/2022

Actual	Budget	Variance	FY 2022 Adopted
Budget

Percentage Spent

Revenues

On-Roll Assessments	$	860,746.45	$	858,801.80	$	1,944.65	$	858,801.80	100.23%	
Developer Contributions	53,283.77	60,319.50	(7,035.73)	60,319.50	88.34%	
Other Income & Other Financing Sources	114.41	-	114.41	-		
Carryforward Revenue	457,557.35	84,565.28	372,992.07	84,565.28	541.07%	
Net Revenues	$ 1,371,701.98	$ 1,003,686.58	$	368,015.40	$  1,003,686.58	136.67%	

Supervisor Fees	$	7,600.00	$	12,000.00	$	(4,400.00)	$	12,000.00	63.33%	
inancial & Administrative
Public Officials' Liability Insurance	3,620.00	4,000.00	(380.00)	4,000.00	90.50%	
Trustee Services	7,113.66	10,000.00	(2,886.34)	10,000.00	71.14%	
Management	42,500.00	42,500.00	-	42,500.00	100.00%	
Engineering	14,786.26	10,000.00	4,786.26	10,000.00	147.86%	
Dissemination Agent	1,500.00	7,000.00	(5,500.00)	7,000.00	21.43%	
Property Appraiser	2,122.41	2,000.00	122.41	2,000.00	106.12%	
District Counsel	18,494.88	25,000.00	(6,505.12)	25,000.00	73.98%	
Assessment Administration	7,500.00	7,500.00	-	7,500.00	100.00%	
Reamortization Schedules	125.00	250.00	(125.00)	250.00	50.00%	
Audit	3,625.00	4,000.00	(375.00)	4,000.00	90.63%	
Arbitrage Calculation	-	900.00	(900.00)	900.00	0.00%	
Travel and Per Diem	47.37	300.00	(252.63)	300.00	15.79%	
Telephone	-	50.00	(50.00)	50.00	0.00%	
Postage & Shipping	84.88	1,000.00	(915.12)	1,000.00	8.49%	
Copies	-	2,000.00	(2,000.00)	2,000.00	0.00%	
Legal Advertising	13,814.19	6,500.00	7,314.19	6,500.00	212.53%	
Bank Fees	-	360.00	(360.00)	360.00	0.00%	
Miscellaneous	242.44	9,500.00	(9,257.56)	9,500.00	2.55%	
Office Supplies	245.00	250.00	(5.00)	250.00	98.00%	
Property Taxes	-	2,500.00	(2,500.00)	2,500.00	0.00%	
Web Site Maintenance	2,470.00	2,700.00	(230.00)	2,700.00	91.48%	
Holiday Decorations	600.00	1,250.00	(650.00)	1,250.00	48.00%	
Dues, Licenses, and Fees	175.00	175.00	-	175.00	100.00%	
Total General & Administrative Expenses	$	126,666.09	$	151,735.00	$	(25,068.91)	$	151,735.00	83.48%	

General & Administrative Expenses Legislative

F

Page 1 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 09/30/2022

Actual	Budget	Variance	FY 2022 Adopted
Budget

Percentage Spent

Field Operations
Electric Utility Services						
Electric	$	1,240.93	$	1,500.00	$	(259.07)	$	1,500.00	82.73%	
Entry Lighting	219.30	500.00	(280.70)	500.00	43.86%	
Water-Sewer Combination Services
Water Reclaimed	
27,155.58	
20,000.00	
7,155.58	
20,000.00	
135.78%	
Stormwater Control
Aquatic Contract	
3,900.00	
4,000.00	
(100.00)	
4,000.00	
97.50%	
Lake/Pond Repair Reserve	5,000.00	5,000.00	-	5,000.00	100.00%	
Other Physical Environment
General Liability Insurance	
4,147.00	
4,500.00	
(353.00)	
4,500.00	
92.16%	
Property & Casualty Insurance	-	1,700.00	(1,700.00)	1,700.00	0.00%	
Auto Insurance	-	500.00	(500.00)	500.00	0.00%	
Irrigation Repairs						
District Irrigation Repairs	36,545.50	45,000.00	(8,454.50)	45,000.00	81.21%	
Wellspring Irrigation Repairs	2,968.00	10,000.00	(7,032.00)	10,000.00	29.68%	
Landscaping Maintenance & Material						
District Landscaping	215,349.00	214,025.50	1,323.50	214,025.50	100.62%	
Gateway Road Landscaping	473.88	473.88	-	473.88	100.00%	
Wellspring Landscaping	32,496.00	33,819.50	(1,323.50)	33,819.50	96.09%	
Tree Trimming	41,232.00	40,000.00	1,232.00	40,000.00	103.08%	
Flower & Plant Replacement						
District Flower & Plant Replacement	114,828.70	125,000.00	(10,171.30)	125,000.00	91.86%	
Wellspring Flower & Plant Replacement	2,622.00	10,000.00	(7,378.00)	10,000.00	26.22%	
Contingency	-	85,665.18	(85,665.18)	85,665.18	0.00%	
Pest Control	2,810.00	2,810.00	-	2,810.00	100.00%	
Hurricane Cleanup	1,850.00	50,000.00	(48,150.00)	50,000.00	3.70%	
Wellspring Blvd./Performance Drive Expenses						
WSPD - Lighting	455.01	500.00	(44.99)	500.00	91.00%	
WSPD - Miscellaneous	-	3,500.00	(3,500.00)	3,500.00	0.00%	
WSPD - Water Reclaimed	4,737.18	2,500.00	2,237.18	2,500.00	189.49%	

Page 2 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 09/30/2022

Actual	Budget	Variance	FY 2022 Adopted
Budget

Percentage Spent

Interchange Maintenance Expenses

IME - Aquatics Maintenance	3,156.36	3,339.00	(182.64)	3,339.00	94.53%	
IME - Irrigation Repairs	2,771.24	3,150.00	(378.76)	3,150.00	87.98%	
IME - Landscaping	88,991.12	85,651.02	3,340.10	85,651.02	103.90%	
IME - Lighting	848.49	787.50	60.99	787.50	107.74%	
IME - Miscellaneous	192.16	4,095.00	(3,902.84)	4,095.00	4.69%	
IME - Water Reclaimed	553.36	1,575.00	(1,021.64)	1,575.00	35.13%	
New Operational Field Expenses
Trail Repair	
-	
15,000.00	
(15,000.00)	
15,000.00	
0.00%	
Road & Street Facilities
Entry and Wall Maintenance	
-	
10,000.00	
(10,000.00)	
10,000.00	
0.00%	
Streetlights	11,318.09	15,000.00	(3,681.91)	15,000.00	75.45%	
Parks & Recreation
Personnel Leasing Agreement	
36,000.12	
36,000.00	
0.12	
36,000.00	
100.00%	
Reserves						
Infrastructure Capital Reserve		20,000.00	20,000.00		-		20,000.00	100.00%	
Interchange Maintenance Reserve		2,360.00	2,360.00		-		2,360.00	100.00%	
Total Field Operations Expenses	$	664,221.02	$	857,951.58	$	(193,730.56)	$	857,951.58	77.42%	

Total Expenses

$	790,887.11

$ 1,009,686.58

$  (218,799.47)

$  1,009,686.58

78.33%

Income (Loss) from Operations

$	580,814.87	$

(6,000.00)

$	586,814.87	$

(6,000.00)

Other Income (Expense)

Interest Income	$	1,175.59	$	6,000.00	$	(4,824.41)	$	6,000.00	19.59%	
Total Other Income (Expense)	$	1,175.59	$	6,000.00	$	(4,824.41)	$	6,000.00	19.59%	
Net Income (Loss)	$	581,990.46		$	-		$	581,990.46		$	-			

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		
-	(2,107.50)	145,500.50	(57,375.76)	646,515.12		
-	-	-	(124,638.07)	521,877.05	as of 12/08/2022	

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	
9/1/2022	702,977.87	
10/1/2022	621,925.83	
11/1/2022	560,497.88	
12/1/2022	646,515.12	

Totals	2,249,894.17	(2,131,389.58)	145,508.39	(198,363.83)

Myrtle Creek Improvement District Construction Tracking - early December

Series 2016 Bond Issue
Original Construction Fund

Amount

$	513,425.32

Additions (Interest, Transfers from DSR, etc.)	222,715.96
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	404,751.85

Requisitions This Month

Total Requisitions This Month

Funds Remaining

==========
$	-
==========
$	404,751.85

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

-
==========
-
==========

Net Uncommitted	404,751.85