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
Consideration of the Minutes of the November 15, 2022, Board of Supervisors’ Meeting

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

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

Also attending:			
Jennifer Walden	PFM		
Lynne Mullins Amanda Lane Jorge Jimenez Tucker Mackie	PFM PFM PFM
Kutak Rock	(via phone) (via phone)	
Jeffrey Newton
Matt McDermott	Donald W. McIntosh Associates
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

1 | P a g e

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.

2 | P a g e

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

3 | P a g e

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	FY 2022	
4	Cepra 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	ouc				
	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		
	OM 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
Or1ando, FL 32817
LaneA@pfm com II (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		

-	FY 2022	
59.50	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

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #557
11/4/2022		
Item No.	Payee	Invoice Number	General Fund	Fiscal 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	FY 2022	
5	Hathaway's Tree Fann & Landscaping				
	LNB Re-stake Oak Tree - Hurricane Cleanup	10299	$	500.00	FY 2022	
6	Kutak Rock				
	General Counsel Through 09/30/2022	3124650	$	197.50	FY 2022	
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		
	Kam Shenai		$	200.00		
	John Lynaugh		$	200.00		
	Kyle Scholl		$	200.00		
	Bob da Silva		$	200.00		
10	US Bank				
	Trustee Fees for 2016A Series: 10/01/2022 - 09/30/2023	6705878	$	6,775.32		
		
TOTAL	
$  43,124.29		

FY2022

Chairperson

Myrtle Creek Improvement Distnct
c:Jo PFM Group Consuling
3501 Quadrangle Boulevanl. Ste. 270
Or1ando. FL 32817
LaneACl!ptm.com // ('407\ 723-5925

I

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	
	
Assets			

$646,515.12				
68,879.32				
4,057.15				
5,000.00				
875,839.97				
4,300.00				
213,500.24				
	$1,179,437.53			
	82,114.58			
	335,542.93			
	51,224.48			
	1,503.39			
			$49.15	
			404,751.85	
$1,818,091.80	$1,649,822.91		$404,801.00	
$0.00	$0.00		$0.00	
$1,818,091.80	$1,649,822.91		$404,801.00	

General Long- Term Debt		Total	

$0.00		

$646,515.12 68,879.32
4,057.15
5,000.00
875,839.97
4,300.00
213,500.24
1,179,437.53
82,114.58
335,542.93
51,224.48
1,503.39
49.15
404,751.85
$3,872,715.71	

$388,270.80 14,721,729.20
$15,110,000.00		
$388,270.80 14,721,729.20
$15,110,000.00	
$15,110,000.00		$18,982,715.71	

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

Myrtle Creek Improvement District

General Long- Term Debt		Total	

$0.00		

$115,289.58
7,673.25
875,839.97
1,179,437.53
49.15
49.15
$2,178,338.63	

$15,110,000.00
$15,110,000.00		
$15,110,000.00
$15,110,000.00	
$15,110,000.00		$17,288,338.63	

$1,285,711.94 (409,756.02)
(56,666.92)

1,253,347.79
(782,962.41)

(417,951.06)
821,825.46
828.30	
$0.00		$1,694,377.08	
			
$15,110,000.00		$18,982,715.71	

Statement of Financial Position As of 11/30/2022

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

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

Total Liabilities

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

General Fund	Debt Service

Liabilities and Net Assets

7,673.25
875,839.97

$998,802.80		

$1,179,437.53

$1,179,437.53		

$49.15 49.15
$98.30	
$0.00		$0.00		$0.00	
$998,802.80		$1,179,437.53		$98.30	

$1,285,711.94 (409,756.02)
(56,666.92)		

$1,253,347.79 (782,962.41)		

($417,951.06) 821,825.46
828.30	
$819,289.00		$470,385.38		$404,702.70	
					
$1,818,091.80		$1,649,822.91		$404,801.00	

$115,289.58

 	

Capital Projects Fund

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

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 Carryforward Revenue
Net Revenues	

$

$	

- 6,821.77
6,821.77	

$

$	

60,977.57
6,821.78
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		3,541.67		-	
Engineering		-		-	
Dissemination Agent		-		-	
Property Appraiser		-		-	
District Counsel		-		-	
Assessment Administration		7,500.00		-	
Reamortization Schedules		-		125.00	
Audit		-		-	
Arbitrage Calculation		-		-	
Travel and Per Diem		-		-	
Telephone		-		-	
Postage & Shipping		-		-	
Copies		-		-	
Legal Advertising		-		249.50	
Bank Fees		0.20		(0.20)	
Miscellaneous		-		0.97	
Meeting Room		-		-	
Office Supplies		-		-	
Property Taxes		-		-	
Web Site Maintenance		-		-	
Holiday Decorations		-		-	
Dues, Licenses, and Fees		175.00		-	
Total General & Administrative Expenses	$	15,108.87	$	8,950.59	

For the Month Ending 11/30/2022

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

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	

Landscaping Maintenance & Material					
District Landscaping		-		24,365.98	
Gateway Road Landscaping		39.49		39.49	
Tree Trimming		-		31,500.00	
Flower & Plant Replacement		-		875.00	
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		-		5,835.98	
Flower & Plant Replacement		-		-	
Lighting		-		37.94	
Miscellaneous		-		-	
Water Reclaimed		-		517.29	
Total Wellspring Blvd./Performance Drive	$	-		$	6,391.21	
Expenses					
Total Expenses	 $		30,423.81 		 $  87,304.66 	
Income (Loss) from Operations	$	(23,602.04)		$ (19,505.31)	
Other Income (Expense)					
Interest Income	$	41.47		$	42.51	
Total Other Income (Expense)	$	41.47		$	42.51	
Net Income (Loss)	$	(23,560.57)		$ (19,462.80)	

Oct-22	Nov-22

$	117,728.47

$	
(43,107.35)	

$	
83.98	
$	83.98	
$	(43,023.37)	

Page 2 of 2

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

Actual	Budget	Variance

FY 2023	Percentage Adopted Budget		Spent

$	74,621.12	$	170,030.43	$	(95,409.31)	$  1,020,182.57	7.31%	

$	

1,800.00	

$	

2,000.00	

$	

(200.00)	

$	12,000.00	

15.00%	
	
3,892.00		
777.50		
3,114.50	
4,665.00	
83.43%	
	6,775.32		1,666.67		5,108.65	10,000.00	67.75%	
	3,541.67		7,083.33		(3,541.66)	42,500.00	8.33%	
	-		1,666.67		(1,666.67)	10,000.00	0.00%	
	-		1,166.67		(1,166.67)	7,000.00	0.00%	
	-		333.33		(333.33)	2,000.00	0.00%	
	-		4,166.67		(4,166.67)	25,000.00	0.00%	
	7,500.00		1,250.00		6,250.00	7,500.00	100.00%	
	125.00		41.67		83.33	250.00	50.00%	
	-		666.67		(666.67)	4,000.00	0.00%	
	-		150.00		(150.00)	900.00	0.00%	
	-		50.00		(50.00)	300.00	0.00%	
	-		8.33		(8.33)	50.00	0.00%	
	-		166.67		(166.67)	1,000.00	0.00%	
	-		333.33		(333.33)	2,000.00	0.00%	
	249.50		1,083.33		(833.83)	6,500.00	3.84%	
	-		60.00		(60.00)	360.00	0.00%	
	0.97		1,583.34		(1,582.37)	9,500.00	0.01%	
	-		66.67		(66.67)	400.00	0.00%	
	-		41.67		(41.67)	250.00	0.00%	
	-		416.67		(416.67)	2,500.00	0.00%	
	-		450.00		(450.00)	2,700.00	0.00%	
	-		208.33		(208.33)	1,250.00	0.00%	
	175.00		29.17		145.83	175.00	100.00%	

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						

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	$	24,059.46	$	25,466.69	$	(1,407.23)	$	152,800.00	15.75%	

Page 1 of 3

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

Actual	Budget	Variance	Adopted Budget	Spent	

$	105.41	

$	

250.00	

$	(144.59)	

$	1,500.00	

7.03%	
19.52		83.33	(63.81)	500.00	3.90%	

3,042.39		
3,333.33	
(290.94)	
20,000.00	
15.21%	

650.00		
666.67	
(16.67)	
4,000.00	
16.25%	
-		833.33	(833.33)	5,000.00	0.00%	

4,458.00		
750.00	
3,708.00	
4,500.00	
99.07%	
-		283.33	(283.33)	1,700.00	0.00%	
-		83.33	(83.33)	500.00	0.00%	
-		7,500.00	(7,500.00)	45,000.00	0.00%	
24,365.98		43,929.52	(19,563.54)	263,577.12	9.24%	
78.98		78.98	-	473.88	16.67%	
31,500.00		6,666.67	24,833.33	40,000.00	78.75%	
875.00		8,333.33	(7,458.33)	50,000.00	1.75%	
-		14,277.53	(14,277.53)	85,665.18	0.00%	
-		468.33	(468.33)	2,810.00	0.00%	
-		8,333.33	(8,333.33)	50,000.00	0.00%	

526.06		
556.50	
(30.44)	
3,339.00	
15.76%	
-		525.00	(525.00)	3,150.00	0.00%	
14,458.82		14,458.82	-	86,752.89	16.67%	
-		2,100.00	(2,100.00)	12,600.00	0.00%	
64.38		210.00	(145.62)	1,260.00	5.11%	
-		1,050.00	(1,050.00)	6,300.00	0.00%	
76.94		262.50	(185.56)	1,575.00	4.89%	

-		
2,500.00	
(2,500.00)	
15,000.00	
0.00%	

-		
1,666.67	
(1,666.67)	
10,000.00	
0.00%	
1,056.30		2,500.00	(1,443.70)	15,000.00	7.04%	

6,000.02		
6,000.00	
0.02	
36,000.00	
16.67%	

-		
3,333.33	
(3,333.33)	
20,000.00	
0.00%	
-		393.33	(393.33)	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	$	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 Landscaping
Flower & Plant Replacement Lighting
Miscellaneous Water Reclaimed	

$	

- 5,835.98
- 37.94
- 517.29		

$	

1,333.33
5,969.92
1,666.67
3,283.33
583.33
416.67		

$	

(1,333.33)
(133.94)
(1,666.67)
(3,245.39)
(583.33)
100.62	

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

0.00%
16.29%
0.00%
0.19%
0.00%
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
Total Other Income (Expense)	

$
$	

83.98
83.98		

$
$	

116.67
116.67		

$
$	

(32.69)
(32.69)	

$	700.00
$	700.00		

12.00%
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%	
General & Administrative Expenses								
Legislative								
Supervisor Fees	$	7,600.00	$	12,000.00	$	(4,400.00)	$	12,000.00	63.33%	
Financial & 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%	

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	

$	1,240.93	$	1,500.00	$
219.30	500.00	

(259.07)
(280.70)	

$	1,500.00
500.00	

82.73%
43.86%	
27,155.58	20,000.00	7,155.58	20,000.00	135.78%	
3,900.00	4,000.00
5,000.00	5,000.00	(100.00)
-	4,000.00
5,000.00	97.50%
100.00%	
4,147.00	4,500.00
-	1,700.00
-	500.00	(353.00)
(1,700.00)
(500.00)	4,500.00
1,700.00
500.00	92.16%
0.00%
0.00%	
36,545.50	45,000.00
2,968.00	10,000.00	(8,454.50)
(7,032.00)	45,000.00
10,000.00	81.21%
29.68%	
				
215,349.00	214,025.50
473.88	473.88
32,496.00	33,819.50
41,232.00	40,000.00	1,323.50
- (1,323.50)
1,232.00	214,025.50
473.88
33,819.50
40,000.00	100.62%
100.00%
96.09%
103.08%	
114,828.70	125,000.00
2,622.00	10,000.00
-	85,665.18
2,810.00	2,810.00
1,850.00	50,000.00	(10,171.30)
(7,378.00)
(85,665.18)
- (48,150.00)	125,000.00
10,000.00
85,665.18
2,810.00
50,000.00	91.86%
26.22%
0.00%
100.00%
3.70%	
455.01	500.00
-	3,500.00
4,737.18	2,500.00	(44.99)
(3,500.00)
2,237.18	500.00
3,500.00
2,500.00	91.00%
0.00%
189.49%	

Field Operations Electric Utility Services
Electric
Entry Lighting
Water-Sewer Combination Services
Water Reclaimed
Stormwater Control
Aquatic Contract Lake/Pond Repair Reserve
Other Physical Environment General Liability Insurance Property & Casualty Insurance Auto Insurance
Irrigation Repairs
District Irrigation Repairs Wellspring Irrigation Repairs
Landscaping Maintenance & Material District Landscaping
Gateway Road Landscaping
Wellspring Landscaping Tree Trimming
Flower & Plant Replacement
District Flower & Plant Replacement Wellspring Flower & Plant Replacement

Contingency Pest Control
Hurricane Cleanup
Wellspring Blvd./Performance Drive Expenses
WSPD - Lighting WSPD - Miscellaneous
WSPD - Water Reclaimed

Page 2 of 3

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 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

Amount
Series 2016 Bond Issue
Original Construction Fund	$	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