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, April 18, 2023, at Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

District Staff, please use the following information to join via the computer or the conference line: Phone: 1-844-621-3956    Computer: pfmgroup.webex.com	Participant Code: 796 580 192#
BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the March 21, 2023, Board of Supervisors’ Meeting

Business Matters
Review of Fiscal Year 2024 Operations & Maintenance Budget
Review and Acceptance of Arbitrage Rebate Report for the Series 2016A Bonds
Ratification of Operation and Maintenance Expenditures Paid in March 2023 in an amount totaling $58,093.18
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 March 21, 2023, Board of Supervisors’ Meeting

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm a Quorum

The Board of Supervisors’ Meeting for the Myrtle Creek Improvement District was called to order on Tuesday, March 21, 2023, at 5:00 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando, FL 32827.

Present:

Kyle Scholl	Assistant Secretary
John Lynaugh	Assistant Secretary
Marsha Leed	Assistant Secretary
Kam Shenai	Assistant Secretary

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

SECOND ORDER OF BUSINESS	Public Comment Period

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

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the February 21, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes of the February 21, 2023, Board of Supervisors’ Meeting.

On motion by Ms. Leed, seconded by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the February 21, 2023, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Consideration of Arbitrage Rebate Proposals
Arbitrage Rebate Counselors
GNP Services, CPA, PA
Grau & Associates
LLS Tax Solutions Inc.
PFM Asset Management

Ms. Mullins stated this item related to the bonds and the District received five quotes. Four of those proposers are firms that District staff has worked with on other Districts. Arbitrage Rebate Counselors is not a proposer that District staff has not worked with, but they did come in with the lowest proposal at
$1,750.00.

Ms. Leed asked about requirements and proposal comparisons. Ms. Mackie stated the District is required to have arbitrage rebate calculated for a look back period every five years to ensure that the District is maintaining compliance with its obligation under the tax certificate to ensure that the District's not earning arbitrage yield on money that it has in funds held by U.S. Bank under the District’s Series 2006 Bonds that were refunded in 2013.

Discussion ensued regarding arbitrage rebate, requirements, and the proposers.

On motion by Ms. Leed, seconded by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the proposal from Arbitrage Rebate Counselors for $1,750.00.

FIFTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in February 2023 in an amount totaling
$50,851.41

Ms. Mullins 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. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in February 2023 in an amount totaling $50,851.41.

SIXTH ORDER OF BUSINESS	Recommendation	of	Work Authorization/Proposed Services

Mr. Kaufmann stated there were no Work Authorizations.

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

Ms. Mullins stated the financials are listed through February and the District has expenses of $245,000.00 versus a little over $1,000,000.00 budget, which equates to about 24% of the budget being spent so far.

Mr. McDermott stated a couple months ago BrightView came with an extra $1,000.00 to do the annuals that are outside the Villagewalk entrance because it was not on the District's map for bidding purposes. The District approved the one-time additional annuals for that rotation, and this is the formal amendment (Minutes Exhibit A) to the contract so that the District isn’t approving this item every quarter. Mr.
McDermott noted the $6,270.00 is the cost split over 3 years.

On motion by Mr. Shenai, seconded by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the proposal from BrightView to amend the current contract which will include the annuals outside of the Villagewalk entrance in the amount of $6,270.00.

EIGHTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.

District Manager –	No report.

District Engineer –	No report.

Construction Supervisor –    Mr. Kaufmann stated the Myrtle Board has not funded their portion of the
interchange pond purchase. There are two ponds on the South side of the interchange that are still to be purchased by the Lake Nona Districts. The Developer has now asked that the District proceed with that purchase. District staff is going to have to determine how much is left in the construction fund to pay for those. He noted that he will bring the numbers back to the next Board meeting, but it is about $400,000.00 for Myrtle’s portion for the two ponds.

Discussion ensued about the construction of the ponds and the responsibility of the cost that is split between the sister Districts for this project and other construction projects.

Ms. Mackie noted when the District went through the refunding it was a part of the District’s Capital Improvement Plan to acquire the interchange ponds. Because those ponds may have been impacted by additional development plans, the Developer didn’t previously want to convey those lands to the District in case the ponds themselves had to change. The District acquired two out of the four ponds and two remain. It’s a shared cost amongst all the Districts, given that they are interchange related, so the District would just be paying for its proportionate share.

Landscape Supervisor –	Mr. Shenai stated the floodlight on the monument that is towards the 417
hasn’t been functioning for the last four months. Mr. McDermott stated those lights are part of the OUC leasing agreement the District has for all the lights. Berman has reached out to OUC, and OUC has failed to correct the issue. Mr. McDermott advised the Board that Berman can reach out to electricians and get quotes to fix the issue if the Board does not want to wait on OUC. Mr. Kaufmann responded that OUC is responsible as they are leased lights and the warranty could be voided if the District tries to fix them. Ms. Mullins stated she would follow up with OUC to see if the issue can be resolved.

Irrigation Supervisor –	Mr. McDermott stated at Lake Nona Blvd. and Narcoossee Road that the
trees are in, the shrubs are in, and the sod is scheduled to be installed this week. Additionally, the irrigation is all installed and paving is finished. He noted that it is time to ask again if the Board is ready to update the proposal and do the work there on the Narcoossee Road entrance. Mr. McDermott noted he will get updated numbers and bring that to the Board for the next meeting.

NINTH ORDER OF BUSINESS	Supervisor Requests

Ms. Leed asked is there any movement on the roundabouts. Mr. Newton stated he doesn’t know how the conversation is going regarding the temporary construction easement in order to build the roundabout. He does know that the plans that show the roundabout are at the City of Orlando for review. Discussion ensued regarding details of the roundabout.

TENTH ORDER OF BUSINESS	Adjournment

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

Secretary/Assistant Secretary	Chair/Vice Chair

Minutes Exhibit A
Prepared by: Donald Kriston
Date: 3/6/2023

AMENDMENT #1 TO LANDSCAPE MAINTENANCE AGREEMENT BETWEEN MYRTLE CREEK IMPROVEMENT DISTRICT AND BRIGHTVIEW LANDSCAPE MAINTENANCE,
INC.

This Amendment (“Amendment”) is entered into as of March 6, 2023 between Myrtle Creek Improvement District (“Client”) and BrightView Landscape Maintenance, Inc. (“Contractor ”).

WHEREAS, Myrtle Creek Improvement District and BrightView Landscape Maintenance, Inc. entered into a Landscape Maintenance Agreement dated 3/6/2023.

WHEREAS, Myrtle Creek Improvement District and BrightView Landscape Maintenance, Inc. desire to amend the Agreement pursuant to the terms of this Amendment.

NOW THEREFORE, in consideration of the mutual covenants contained herein, Myrtle Creek Improvement District and BrightView Landscape Maintenance, Inc. desire to amend the Agreement as follows:

The Parties intend to add additional annuals count to Myrtle Creek Improvement District. The additional annual count shall be amended as follows:
Annuals contract year 10/1/22 – 9/30/23. 3 Rotations at 300 units per rotation. Total of 900 annuals	$142.5 per month for Total of $1,710 per year
	Annuals contract year 10/1/23 – 9/30/24. 4 Rotations at 300 units per rotation. Total of 1200 Units per year.	$190 per month For a Total Of $2,280 per year
Annuals contract year 10/1/23 – 9/30/24. 4 Rotations at 300 units per rotation. Total of 1200 Units per year.	$190 per month For a Total Of $2,280 per year

This Amendment does not, and shall not be construed to; modify any term or condition of the Agreement other than those specific terms and conditions expressly referenced herein. Capitalized terms not otherwise defined herein shall be as defined in the Agreement. In all other respects, the Agreement shall remain in full force and effect. In the event of any inconsistency or discrepancy between the Agreement and this Amendment, the terms and conditions set forth in this Amendment shall control. This Amendment may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same document.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date written above.

Myrtle Creek Improvement District	BRIGHTVIEW LANDSCAPE INC

By: 		By: 	

Title: 		Title: 	

Date: 		Date: 	

1 | P a g e  o f  1
BrightView Amendment Template (BV-v03142016)

MYRTLE CREEK IMPROVEMENT DISTRICT

Fiscal Year 2024 Operations and Maintenance Budget

Revenues

On-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Assessments collected via the tax collector are referred to as “On-Roll Assessments.”

Wellspring Assessments

On-Roll Assessments collected from properties listed in the Wellspring portion of the District.

Carryforward Revenue

Unused income from a prior year which is available as cash for the current year.

General & Administrative Expenses

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting plus payroll taxes. The amount for the Fiscal Year is based upon all supervisors attending the meetings.

Public Officials’ Liability Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the district trust accounts.

Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the district throughout the year.

Disclosure

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the District Manager provides to the trustee and bond holders.

Property Appraiser

Cost incurred for a copy of the annual parcel listing for parcels within the District from the county.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Reamortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage Calculation

Annual computations are necessary to calculate arbitrage rebate liability to ensure the District's compliance with all tax regulations.

Travel and Per Diem

Travel to and from meetings as related to the District.

Telephone

Telephone and fax machine services as related to the District.

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Copies

Printing and binding Board agenda packages, letterhead, envelopes, and copies.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to, monthly meetings, special meetings, and public hearings for the District.

Bank Fees

Bank fees associated with the services the District uses with the bank (e.g. remote deposit capture, positive pay, wire transfers, ACH payments, monthly maintenance, etc.).

Miscellaneous

Other general & administrative expenses incurred throughout the year.

Meeting Room

Fee associated with renting a meeting room for monthly Board meetings.

Office Supplies

General office supplies associated with the District.

Property Taxes

Ad Valorem taxes on District property that is not tax-exempt.

Web Site Maintenance

Website maintenance fee.

Holiday Decorations

District decorations for the holidays.

Dues, Licenses & Fees

The District is required to pay an annual fee to the Department of Economic Opportunity.

Field Operations Expenses

Electric Utility Services

Electric

The District pays for electric meters used on District-owned roads.

Entry Lighting

Lighting charges for District entryways.

Water-Sewer Combination Services

Water Reclaimed Water used for irrigation Stormwater Control
Aquatic Contract

Contracted services for maintenance of aquatic areas within the District.

Lake/Pond Repair Reserve Funds reserved for lake and pond repairs. Other Physical Environment
General Liability Insurance

General liability insurance.

Property & Casualty Insurance

Insurance to protect property and cover casualty.

Auto Insurance

Insurance to protect the automobiles owned by the District.

Irrigation Repairs

Inspection and repair of irrigation systems.

District Landscaping Maintenance & Material

Contracted landscaping within the boundaries of the District.

Gateway Road Landscaping Maintenance & Material

Contracted landscaping on Gateway Road.

Wellspring Landscaping Maintenance & Material

Contracted landscaping within Wellspring. These are funded by the Developer.

Tree Trimming

Trimming of trees on District property.

Flower & Plant Replacement

Purchase of materials and labor to replace flowers and plants within the District.

Contingency

Other Field Operations expenses incurred throughout the year.

Pest Control

Pest control services.

Hurricane Cleanup

Funds set aside to assist with any cleanup needed from a hurricane or funds needed to pay a hurricane-related insurance deductible.

Interchange Maintenance Expenses

IME – Aquatics Maintenance

Pond maintenance as it relates to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Irrigation Repair

Irrigation repairs as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Landscaping

Landscaping services as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Landscape Improvements

Landscape improvement services as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Lighting

Lighting services as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Miscellaneous

Other interchange expenses as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Midtown Improvement District each chip in for the remainder.

IME – Water Reclaimed

Water reclaimed services as they relate to the Interchange. The District is responsible for only a portion of the cost. Boggy Creek Improvement District, Greeneway Improvement District, and Midtown Improvement District each chip in for the remainder.

New Operational Field Expenses

Trail Repair

Expenses related to repairing the trail within the District.

Road & Street Facilities

Entry and Wall Maintenance

Maintenance of entrance(s) and walls within the District.

Streetlights

Streetlighting expenses within the District.

Parks & Recreation

Personnel Leasing Agreement

The lease of outside personnel per signed agreement.

Reserves

Infrastructure Capital Reserve

Funds reserved for infrastructure capital repairs/maintenance/replacement. These funds are kept in a separate bank account.

Interchange Maintenance Reserve

Funds reserved for interchange maintenance/repairs. These funds are kept in a separate bank account.

Wellspring Blvd./Performance Drive Expenses

WSPD – Irrigation Repairs

Inspection and repair of irrigation systems within Wellspring Boulevard or Performance Drive.

WSPD – Landscaping

Landscaping services within Wellspring Boulevard or Performance Drive.

WSPD – Flower & Plant Replacement

Flower or plant replacement expenses within Wellspring Boulevard or Performance Drive.

WSPD – Lighting

Lighting expenses within Wellspring Boulevard or Performance Drive.

WSPD – Miscellaneous

Miscellaneous expenses within Wellspring Boulevard or Performance Drive.

WSPD – Water Reclaimed

Reclaimed water expenses within Wellspring Boulevard or Performance Drive.

Other Income (Expense)

Interest Income

Income from interest earnings.

	Actual Through 03/31/2023	Anticipated 04/2023 -
09/2023	Anticipated Total FY 2023	FY 2023 Adopted Budget	FY 2024
Proposed Budget	

Revenues						
On-Roll Assessments	$	850,240.64	$	88,080.66	$	938,321.30	$	858,801.80	$	858,801.80	
Wellspring Assessments	-	-	-	79,519.50	79,519.50	
Carryforward Revenue	40,930.64	40,930.63	81,861.27	81,861.27	79,752.75	
Net Revenues	$	891,171.28	$  129,011.29	$ 1,020,182.57	$  1,020,182.57	$  1,018,074.06	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	4,200.00	$	6,000.00	$	10,200.00	$	12,000.00	$	12,000.00	
Financial & Administrative						
Public Officials' Liability Insurance	3,892.00	-	3,892.00	4,665.00	4,665.00	
Trustee Services	6,775.32	-	6,775.32	10,000.00	7,000.00	
Management	21,250.02	21,249.98	42,500.00	42,500.00	42,500.00	
Engineering	2,202.90	2,202.90	4,405.80	10,000.00	10,000.00	
Disclosure	250.00	1,500.00	1,750.00	7,000.00	1,800.00	
Property Appraiser	2,013.69	-	2,013.69	2,000.00	2,000.00	
District Counsel	5,520.66	5,520.66	11,041.32	25,000.00	25,000.00	
Assessment Administration	7,500.00	-	7,500.00	7,500.00	7,500.00	
Reamortization Schedules	125.00	125.00	250.00	250.00	250.00	
Audit	-	3,625.00	3,625.00	4,000.00	4,000.00	
Arbitrage Calculation	-	900.00	900.00	900.00	900.00	
Travel and Per Diem	25.40	25.38	50.78	300.00	300.00	
Telephone	-	-	-	50.00	50.00	
Postage & Shipping	7.98	7.98	15.96	1,000.00	1,000.00	
Copies	-	-	-	2,000.00	2,000.00	
Legal Advertising	1,403.25	1,403.28	2,806.53	6,500.00	6,500.00	
Bank Fees	-	-	-	360.00	360.00	
Miscellaneous	4.90	4.92	9.82	9,500.00	9,500.00	
Meeting Room	125.83	125.82	251.65	400.00	800.00	
Office Supplies	245.00	-	245.00	250.00	250.00	
Property Taxes	-	-	-	2,500.00	-	
Web Site Maintenance	540.00	2,280.00	2,820.00	2,700.00	2,700.00	
Holiday Decorations	600.00	-	600.00	1,250.00	1,000.00	
Dues, Licenses, and Fees	175.00	-	175.00	175.00	175.00	
Total General & Administrative Expenses	$	56,856.95	$	44,970.92	$	101,827.87	$	152,800.00	$	142,250.00	

Page 1 of 2

Actual Through 03/31/2023		Anticipated 04/2023 -
09/2023		Anticipated Total FY 2023	FY 2023 Adopted Budget	FY 2024
Proposed Budget	

Field Operations													
Electric Utility Services													
Electric	$	536.25		$	536.28		$	1,072.53	$	1,500.00	$	1,500.00	
Entry Lighting		113.18		113.16		226.34			500.00			500.00	
Water-Sewer Combination Services													
Water Reclaimed		11,322.81		11,322.84		22,645.65			20,000.00			25,000.00	
Stormwater Control													
Aquatic Contract		1,950.00		1,950.00		3,900.00			4,000.00			3,900.00	
Lake/Pond Repair Reserve		-		5,000.00		5,000.00			5,000.00			5,000.00	
Other Physical Environment													
General Liability Insurance		4,458.00		-		4,458.00			4,500.00			4,750.00	
Property & Casualty Insurance		-		-		-			1,700.00			1,700.00	
Auto Insurance		-		-		-			500.00			100.00	
Irrigation Repairs		7,798.77		7,798.80		15,597.57			45,000.00			45,000.00	
Landscaping Maintenance & Material													
District Landscaping		73,097.94		73,097.94		146,195.88			263,577.12			263,577.12	
Gateway Road Landscaping		236.94		236.94		473.88			473.88			473.88	
Tree Trimming		31,500.00		8,500.00		40,000.00			40,000.00			40,000.00	
Flower & Plant Replacement		2,025.00		2,025.00		4,050.00			50,000.00			50,000.00	
Contingency		907.00		-		907.00			85,665.18			85,665.18	
Pest Control		1,405.00		1,405.00		2,810.00			2,810.00			2,810.00	
Hurricane Cleanup		-		25,000.02		25,000.02			50,000.00			50,000.00	
Interchange Maintenance Expenses													
IME - Aquatics Maintenance		1,578.18		1,578.18		3,156.36			3,339.00			3,339.00	
IME - Irrigation Repairs		832.70		832.68		1,665.38			3,150.00			3,150.00	
IME - Landscaping		43,376.46		43,376.46		86,752.92			86,752.89			90,444.38	
IME - Landscape Improvements		-		6,300.00		6,300.00			12,600.00			12,600.00	
IME - Lighting		369.74		369.72		739.46			1,260.00			1,260.00	
IME - Miscellaneous		650.48		650.46		1,300.94			6,300.00			6,300.00	
IME - Water Reclaimed		309.94		309.96		619.90			1,575.00			1,575.00	
New Operational Field Expenses													
Trail Repair		-		7,500.00		7,500.00			15,000.00			15,000.00	
Road & Street Facilities													
Entry and Wall Maintenance		1,464.00		1,464.00		2,928.00			10,000.00			10,000.00	
Streetlights		5,331.78		5,331.78		10,663.56			15,000.00			15,000.00	
Parks & Recreation													
Personnel Leasing Agreement		18,000.06		17,999.94		36,000.00			36,000.00			36,000.00	
Reserves													
Infrastructure Capital Reserve		-		20,000.00		20,000.00			20,000.00			20,000.00	
Interchange Maintenance Reserve		-		2,360.00		2,360.00			2,360.00			2,360.00	
Total Field Operations Expenses	$	207,264.23		$  245,059.16		$	452,323.39	$	788,563.07	$	797,004.56	

Wellspring Blvd./Performance Drive Expenses													
Irrigation Repairs	$	825.30		$	825.30		$	1,650.60	$	8,000.00	$	8,000.00	
Landscaping		17,507.94		17,507.94		35,015.88			35,819.50			36,036.00	
Flower & Plant Replacement		-		4,999.98		4,999.98			10,000.00			10,000.00	
Lighting		191.19		191.22		382.41			19,700.00			18,483.50	
Miscellaneous		-		1,750.02		1,750.02			3,500.00			3,500.00	
Water Reclaimed		1,697.16		1,697.16		3,394.32			2,500.00			3,500.00	
Total Wellspring Blvd./Performance Drive Expenses	$	20,221.59		$	26,971.62		$	47,193.21	$	79,519.50	$	79,519.50	

Total Expenses	
$	284,342.77		
$  317,001.70		
$	601,344.47	
$  1,020,882.57	
$  1,018,774.06	

Income (Loss) from Operations	
$	606,828.51		
$  (187,990.41)		
$	418,838.10		
$	
(700.00)		
$	
(700.00)	

Other Income (Expense)													
Interest Income	$	10,380.64		$	291.77		$	10,672.41	$	700.00	$	700.00	
Total Other Income (Expense)	$	10,380.64	$	291.77		$	10,672.41	$	700.00	$	700.00	
Net Income (Loss)	$	617,209.15		$  (187,698.64)		$	429,510.51		$	-		$	-	
		
Page 2 of 2									

MYRTLE CREEK IMPROVEMENT DISTRICT

Arbitrage Rebate Report for the Series 2016A Bonds

April 12, 2023

Board of Supervisors
Myrtle Creek Improvement District
c/o Jennifer Walden, Senior District Mgr. PFM Group Consulting LLC
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817

Re: $19,810,000
Myrtle Creek Improvement District (City of Orlando, Florida)
Special Assessment Revenue Refunding Bonds, Series 2016A
1st 5-Year Arbitrage Report for the period September 14, 2016 to September 14, 2021 Dear Myrtle Creek Improvement District Board of Supervisors:
Please find attached the 1st 5-Year Arbitrage Report for Myrtle Creek Improvement District (City of Orlando, Florida), Special Assessment Revenue Refunding Bonds, Series of2016A (the "2016A Bonds"). We have also forwarded a copy of the pt 5-Year Arbitrage Report to Mr. James Audette of US Bank.

As calculated in the pt 5-Year Arbitrage Report, no arbitrage liability was incurred on the 2016A Bonds during the five-year period from September 14, 2016 to September 14, 2021, and therefore there is no need to file with the U.S. Treasury Department (I.R.S.).

Please note that additional arbitrage reporting will be required for the 2016A Bonds on September 14, 2026.

s· cerely,	d,!nJt
c-
hn C. Rogers President

cc: James Audette (w/Encl.)

April 12, 2023

Board of Supervisors
Myrtle Creek Improvement District
c/o Jennifer Walden, Senior District Mgr. PFM Group Consulting LLC
3501 Quadrangle Blvd., Suite 270
Orlando, FL 32817

Re:	$19,810,000
Myrtle Creek Improvement District (City of Orlando, Florida)
Special Assessment Revenue Refunding Bonds, Series 2016A
1st 5-Year Arbitrage Report for the period September 14, 2016 to September 14, 2021

Dear Myrtle Creek Improvement District Board of Supervisors:

This opinion is being delivered to you pursuant to our engagement to calculate the arbitrage liability, if any, under section 148 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the "Code") for $19,810,000 Myrtle Creek Improvement District, City of Orlando, Florida (the "District"), Special Assessment Revenue Refunding Bonds, Series of 2016A (the "2016A Bonds") for the period September 14, 2016 to September 14, 2021 (the "t5t 5-Year Arbitrage Period"). Our opinion is accompanied by a pt 5-Year Arbitrage Report (the "l st 5-Year Arbitrage Report").

The scope of our engagement was limited to preparing a computation of final arbitrage liability, if any, for the 2016A Bonds, based upon the following information from the referenced sources:

Trust Fund statements for the 2016A Bonds for the period September 14, 2016 to September 14, 2021
Source: US Bank, Orlando, Florida
Closing Documents for the 2016A Bonds, including Official Statement, Federal Tax Certificate, C.P.A Verification Report and I.R.S. Form "8038-G"
Source: PFM Group Consulting LLC, Orlando, Florida

In accordance with the terms of our engagement, we did not audit the aforementioned information, and we express no opinion as to the completeness or the accuracy of such information for purposes of calculating the arbitrage liability amount, if any.

Our Understanding of the Financing

According to the Federal Tax Certificate, proceeds of the 2016A Bonds, together with other available funds, were used to (1) defease for retirement on October 18, 2016 and November 1, 2016 the District's Special Assessment Revenue Bonds, Series 2006A (the "2006A Bonds"), (2) fund the 2016A Reserve Fund, (3) pay costs associated with the issuance of the 2016A Bonds including a municipal bond insurance premium, and (4) acquire and construct certain stormwater improvements.

Factors Entering Our Computations

Our examination of the Trust Funds established with respect to the 2016A Bonds included the 2016A Acquisition and Construction Fund, the 2016A Interest Account, the 2016A Principal Account and the 2016A Reserve Fund.

According to the Federal Tax Certificate, proceeds of the 2016A Bonds deposited to the 2016A Acquisition and Construction Fund could not be invested at a yield in excess of the yield on the 2016A Bonds.

As shown in the C.P.A. Verification Report, proceeds of the 2016A Bonds and other available funds deposited to escrow to refund the 2006A Bonds on October 18, 2016 and November 1, 2016 were not invested above the yield on the yield on the 2016A Bonds.

The 2016A Interest Account and the 2016A Principal Account constituted a "bona fide debt service fund" as defined in the Code during the pt 5-Year Computation Period if (1) such fund were used primarily to achieve a proper matching of revenues and debt service payable on the 2016A Bonds, (2) monies deposited therein were spent within a thirteen­ month period from the date of receipt thereof, and (3) such funds were exhausted in each Bond Year (as defined in paragraph "f' below), except for a reasonable carryover amount not to exceed the greater of one year's earnings in such funds or one-twelfth of annual debt service.

In accordance with the Code, a "bona fide debt service fund" is "unrestricted" as to yield, and not subject to arbitrage rebate.

According to the Code, proceeds of the 2016A Bonds deposited to the Debt Service Reserve Fund could be invested at an unrestricted yield in perpetuity, but were subject to arbitrage rebate.

"Bond Year" is defined, in accordance with the Code, as the one-year period beginning on September 14, 2016 and ending on September 14, 2017, and each one-year period ending on September 14th thereafter.

According to the Federal Tax Certificate, none of the proceeds of the 2016A Bonds will be used as a substitute for other funds (i) which were otherwise to be used to refinance the costs of refunding the 2006A Bonds or pay the costs of the 2016A Bonds; (ii) which will not be so used and (iii) which have been or will be used, directly or indirectly, to acquire investment property producing a yield in excess of the yield on the 2016A Bonds.

According to the Federal Tax Certificate, the District did not expect to enter into any "hedging transaction" in respect of the 2016A Bonds.

All amounts withdrawn from the Trust Funds were assumed to be spent on the day they were withdrawn.

Computations of yield are based on a 360-day year and semiannual compounding.

No investment acquired (or sold) by the District was acquired (or sold) for an amount that was more (or less) than the fair market value of such investment during the pt 5-Year Computation Period.

The calculation of arbitrage rebate liability for the 1st 5-Year Computation Period is made as of September 14, 2021 (the "t5t 5-Year Computation Date").

Based upon the assumptions referred to in the preceding paragraphs and the related information referred to above, the computations presented in the accompanying 1st 5-Year Arbitrage Report and are presented below:

The Sources and Uses of Funds Upon Issuance of the 2016A Bonds are shown on Page
A-1.

The Yield on the 2016A Bonds is 3.08222200% (the "2016A Bond Yield"), as calculated on Pages B-1, B-2(A), B-2 (B) and B-3.

The District earned $91,009.53 less on its investments of proceeds of the 2016A Bonds during the 1st 5-Year Computation Period than it would have earned had such proceeds been invested at the 2016A Bond Yield, as shown on Page C-1 and therefore did not incur an arbitrage liability on the 2016A Bonds during the 1st 5-Year Computation Period.

The District complied with the requirements of the Federal Tax Certificate regarding the investment of the 2016A Acquisition and Construction Fund because the investment yield on such fund was 0.73313500% as shown on Page C-1, which was less than the 2016A Bond Yield, which is 3.08222200%.

Our examination of the 2016A Interest Fund and the 2016A Principal Fund showed that such fund constituted a "bona fide debt service fund" in each Bond Year of the pt 5-Year Computation Period, and therefore was not subject to arbitrage rebate during such period.

Additional arbitrage reporting will be required for the 2016A Bonds on the next five­ year computation date of September 14, 2026.

I

a bi-ltf. AG£ 11: 64-Je	/f/S'e	_£.Jc.
ARBITRAGE REBATE COUNSELORS, LLC

$19,810,000
Myrtle Creek Improvement District (City of Orlando, Florida)
Special Assessment Revenue Refunding Bonds, Series 2016A

pt 5-Year Arbitrage Report
For the Period September 14, 2016 to September 14, 2021

April 12, 2023

$19,810,000
Myrtle Creek Improvement District (City of Orlando, Florida)
Special Assessment Revenue Refunding Bonds, Series 2016A

Sources and Uses of Funds Upon Issuance of the 2016A Bonds

Sources of Funds:		
Par Amount of 2016A Bonds	$19,810,000.00	
Plus: Net Original Issue Premium	644,804.60	
Other Moneys	8,417,434.92	
	$28.872.239.52	

Uses of Funds:		
Deposit to Escrow Fund	$27,893,840.17	
Deposit to 2016A Reserve Fund	
333,500.00	
Underwriter's Discount	135,219.90	
Deposit to 2016A Costs of Issuance Account	163,863.54	
Premium for Bond Insurance Policy	345,815.91	
	$28.872.239.52	

Note:
(1) Source: Official Statement for the 2016A Bonds, dated September 9, 2016.

Page A-1

Dated Date:	9/14/2016		
Issuance Date:	9/14/2016		

Qfil	Principal Amount	Interest
Rate	
Yield	
Price	Bond Years	
Production	
5/1/2017	$410,000.00	4.000%	1.250%	101.720%	258.53	$7,052.000	
5/1/2018	670,000.00	4.000%	1.360%	104.241%	1,092.47	28,414.700	
5/1/2019	695,000.00	4.000%	1.480%	106.476%	1,828.24	45,008.200	
5/1/2020	725,000.00	4.000%	1.610%	108.393%	2,632.15	60,849.250	
5/1/2021	755,000.00	4.000%	1.750%	109.964%	3,496.07	75,228.200	
5/1/2022	785,000.00	4.000%	2.560%	112.219%	4,419.99	95,919.150	
5/1/2023	815,000.00	4.000%	2.560%	112.219%	5,403.90	99,584.850	
5/1/2024	845,000.00	4.000%	2.560%	112.219%	6,447.82	103,250.550	
5/1/2025	880,000.00	4.000%	2.560%	112.219%	7,594.89	107,527.200	
5/1/2026	915,000.00	4.000%	2.560%	112.219%	8,811.96	111,803.850	
5/1/2027	955,000.00	4.000%	2.560%	112.219%	10,152.18	116,691.450	
5/1/2028	990,000.00	3.000%	3.120%	98.182%	11,514.25	(17,998.200)	
5/1/2029	1,020,000.00	3.000%	3.120%	98.182%	12,883.17	(18,543.600)	
5/1/2030	1,050,000.00	3.000%	3.120%	98.182%	14,312.08	(19,089.000)	
5/1/2031	1,080,000.00	3.000%	3.120%	98.182%	15,801.00	(19,634.400)	
5/1/2032	1,115,000.00	3.000%	3.120%	98.182%	17,428.07	(20,270.700)	
5/1/2033	1,150,000.00	3.000%	3.120%	98.182%	19,125.14	(20,907.000)	
5/1/2034	1,185,000.00	3.000%	3.120%	98.182%	20,892.21	(21,543.300)	
5/1/2035	1,220,000.00	3.000%	3.120%	98.182%	22,729.28	(22,179.600)	
5/1/2036	1,255,000.00	3.000%	3.120%	98.182%	24,636.35	(22,815.900)	
5/1/2037	1,295,000.00	3.000%	3.120%	98.182%	26,716.57	(23,543.100}	
		$19 BH! 000 OQ 					l38 Zf;i  l 	$§44 804 60	

Principal Amount	$19,810,000.00	
Plus: Net Original
Issue Premium	
644,804.60	
	2og a fiQ	
Gross Interest Cost
Less: Net Original Issue Premium	$7,666,671.11

(644,804.60}	

sz a agg s

NIC%	2.9482%	
Bond Years	238,176.31	
Average Coupon	3.2189%	
Average Life (Years)	12.02	

Note· (1) Source: Official Statement for the 2016A Bonds, dated September 9, 2016.

Page B-1

	Principal Amount	Interest
Rate	
Interest	Debt
Service	
11/1/2016			$88,621.11	$88,621.11	
5/1/2017	$410,000.00	4.00%	339,400.00	749,400.00	
11/1/2017			331,200.00	331,200.00	
5/1/2018	670,000.00	4.00%	331,200.00	1,001,200.00	
11/1/2018			317,800.00	317,800.00	
5/1/2019	695,000.00	4.00%	317,800.00	1,012,800.00	
11/1/2019			303,900.00	303,900.00	
5/1/2020	725,000.00	4.00%	303,900.00	1,028,900.00	
11/1/2020			289,400.00	289,400.00	
5/1/2021	755,000.00	4.00%	289,400.00	1,044,400.00	
11/1/2021			274,300.00	274,300.00	
5/1/2022	785,000.00	4.00%	274,300.00	1,059,300.00	
11/1/2022			258,600.00	258,600.00	
5/1/2023	815,000.00	4.00%	258,600.00	1,073,600.00	
11/1/2023			242,300.00	242,300.00	
5/1/2024	845,000.00	4.00%	242,300.00	1,087,300.00	
11/1/2024			225,400.00	225,400.00	
5/1/2025	880,000.00	4.00%	225,400.00	1,105,400.00	
11/1/2025			207,800.00	207,800.00	
5/1/2026	915,000.00	4.00%	207,800.00	1,122,800.00	
11/1/2026			189,500.00	189,500.00	
5/1/2027	955,000.00	4.00%	189,500.00	1,144,500.00	
11/1/2027			170,400.00	170,400.00	
5/1/2028	990,000.00	3.00%	170,400.00	1,160,400.00	
11/1/2028			155,550.00	155,550.00	
5/1/2029	1,020,000.00	3.00%	155,550.00	1,175,550.00	
11/1/2029			140,250.00	140,250.00	
5/1/2030	1,050,000.00	3.00%	140,250.00	1,190,250.00	
11/1/2030			124,500.00	124,500.00	
5/1/2031	1,080,000.00	3.00%	124,500.00	1,204,500.00	
11/1/2031			108,300.00	108,300.00	
5/1/2032	1,115,000.00	3.00%	108,300.00	1,223,300.00	
11/1/2032			91,575.00	91,575.00	
5/1/2033	1,150,000.00	3.00%	91,575.00	1,241,575.00	
11/1/2033			74,325.00	74,325.00	
5/1/2034	1,185,000.00	3.00%	74,325.00	1,259,325.00	
11/1/2034			56,550.00	56,550.00	
5/1/2035	1,220,000.00	3.00%	56,550.00	1,276,550.00	
11/1/2035			38,250.00	38,250.00	
5/1/2036	1,255,000.00	3.00%	38,250.00	1,293,250.00	
11/1/2036	 			19,425.00	19,425.00	

Debt Service

$838,021.11 1,332,400.00
1,330,600.00

1,332,800.00

1,333,800.00

1,333,600.00

1,332,200.00

1,329,600.00

1,330,800.00

1,330,600.00

1,334,000.00

1,330,800.00

1,331,100.00

1,330,500.00

1,329,000.00

1,331,600.00

1,333,150.00

1,333,650.00

1,333,100.00

1,331,500.00

5/1/2037	1,295,000.00	3.00%	19.425.00	1.314.425.00	1.333.850.00	
	$19 810 000 00		$7 666 67111	$27 476 67111	$27 476 67111	

(1) Source: Official Statement for the 2016A Bonds, dated September 9, 2016.

Page B-2 (A)

Date	Principal Amount	Interest Rate	
Interest	Debt Service	Debt Service	
11/1/2016			$88,621.11	$88,621.11		
5/1/2017	$410,000.00	4.00%	339,400.00	749,400.00	$838,021.11	
11/1/2017			331,200.00	331,200.00		
5/1/2018	670,000.00	4.00%	331,200.00	1,001,200.00	1,332,400.00	
11/1/2018			317,800.00	317,800.00		
5/1/2019	695,000.00	4.00%	317,800.00	1,012,800.00	1,330,600.00	
11/1/2019			303,900.00	303,900.00		
5/1/2020	725,000.00	4.00%	303,900.00	1,028,900.00	1,332,800.00	
11/1/2020			289,400.00	289,400.00		
5/1/2021	755,000.00	4.00%	289,400.00	1,044,400.00	1,333,800.00	
11/1/2021			274,300.00	274,300.00		
5/1/2022	785,000.00	4.00%	274,300.00	1,059,300.00	1,333,600.00	
11/1/2022			258,600.00	258,600.00		
5/1/2023	815,000.00	4.00%	258,600.00	1,073,600.00	1,332,200.00	
11/1/2023			242,300.00	242,300.00		
5/1/2024	845,000.00	4.00%	242,300.00	1,087,300.00	1,329,600.00	
11/1/2024			225,400.00	225,400.00		
5/1/2025	880,000.00	4.00%	225,400.00	1,105,400.00	1,330,800.00	
11/1/2025			207,800.00	207,800.00		
5/1/2026	1,870,000.00	4.00%	207,800.00	2,077,800.00	2,285,600.00	
11/1/2026			170,400.00	170,400.00		
5/1/2027	0.00	4.00%	170,400.00	170,400.00	340,800.00	
11/1/2027			170,400.00	170,400.00		
5/1/2028	990,000.00	3.00%	170,400.00	1,160,400.00	1,330,800.00	
11/1/2028			155,550.00	155,550.00		
5/1/2029	1,020,000.00	3.00%	155,550.00	1,175,550.00	1,331,100.00	
11/1/2029			140,250.00	140,250.00		
5/1/2030	1,050,000.00	3.00%	140,250.00	1,190,250.00	1,330,500.00	
11/1/2030			124,500.00	124,500.00		
5/1/2031	1,080,000.00	3.00%	124,500.00	1,204,500.00	1,329,000.00	
11/1/2031			108,300.00	108,300.00		
5/1/2032	1,115,000.00	3.00%	108,300.00	1,223,300.00	1,331,600.00	
11/1/2032			91,575.00	91,575.00		
5/1/2033	1,150,000.00	3.00%	91,575.00	1,241,575.00	1,333,150.00	
11/1/2033			74,325.00	74,325.00		
5/1/2034	1,185,000.00	3.00%	74,325.00	1,259,325.00	1,333,650.00	
11/1/2034			56,550.00	56,550.00		
5/1/2035	1,220,000.00	3.00%	56,550.00	1,276,550.00	1,333,100.00	
11/1/2035			38,250.00	38,250.00		
5/1/2036	1,255,000.00	3.00%	38,250.00	1,293,250.00	1,331,500.00	
11/1/2036	 			19,425.00	19,425.00		
5/1/2037	1.295.000.00	3.00%	19.425.00	1.314.425.00	1,333,850.00	
	$19 810 000 00		$7 628 47111	$27 438 471 11	$27 438 471 11	

Source: Official Statement for the 2016A Bonds, dated September 9, 2016.

Page B-2 (B)

P.V. Date:	9/14/2016			
2016A Bond Yield:	3.08222200%			
		
Muni		
	Semiannual	Days To	Present		
	Debt	Computation	Value	Present	
Date {ll	Service {ll	Date	Factor	Value	
11/1/2016	$88,621.11	47	0.99601464	$88,267.92	
5/1/2017	749,400.00	227	0.98089792	735,084.90	
11/1/2017	331,200.00	407	0.96601062	319,942.72	
5/1/2018	1,001,200.00	587	0.95134927	952,490.89	
11/1/2018	317,800.00	767	0.93691044	297,750.14	
5/1/2019	1,012,800.00	947	0.92269075	934,501.20	
11/1/2019	303,900.00	1127	0.90868688	276,149.94	
5/1/2020	1,028,900.00	1307	0.89489555	920,758.03	
11/1/2020	289,400.00	1487	0.88131353	255,052.13	
5/1/2021	1,044,400.00	1667	0.86793765	906,474.08	
11/1/2021	274,300.00	1847	0.85476477	234,461.98	
5/1/2022	1,059,300.00	2027	0.84179182	891,710.08	
11/1/2022	258,600.00	2207	0.82901577	214,383.48	
5/1/2023	1,073,600.00	2387	0.81643362	876,523.14	
11/1/2023	242,300.00	2567	0.80404244	194,819.48	
5/1/2024	1,087,300.00	2747	0.79183931	860,966.89	
11/1/2024	225,400.00	2927	0.77982140	175,771.74	
5/1/2025	1,105,400.00	3107	0.76798589	848,931.60	
11/1/2025	207,800.00	3287	0.75633000	157,165.37	
5/1/2026	2,077,800.00	3467	0.74485102	1,547,651.45	
11/1/2026	170,400.00	3647	0.73354626	124,996.28	
5/1/2027	170,400.00	3827	0.72241307	123,099.19	
11/1/2027	170,400.00	4007	0.71144885	121,230.88	
5/1/2028	1,160,400.00	4187	0.70065104	813,035.47	
11/1/2028	155,550.00	4367	0.69001711	107,332.16	
5/1/2029	1,175,550.00	4547	0.67954458	798,838.63	
11/1/2029	140,250.00	4727	0.66923099	93,859.65	
5/1/2030	1,190,250.00	4907	0.65907392	784,462.74	
11/1/2030	124,500.00	5087	0.64907102	80,809.34	
5/1/2031	1,204,500.00	5267	0.63921993	769,940.41	
11/1/2031	108,300.00	5447	0.62951835	68,176.84	
5/1/2032	1,223,300.00	5627	0.61996402	758,401.99	
11/1/2032	91,575.00	5807	0.61055470	55,911.55	
5/1/2033	1,241,575.00	5987	0.60128818	746,544.37	
11/1/2033	74,325.00	6167	0.59216230	44,012.46	
5/1/2034	1,259,325.00	6347	0.58317493	734,406.76	
11/1/2034	56,550.00	6527	0.57432396	32,478.02	
5/1/2035	1,276,550.00	6707	0.56560732	722,026.02	
11/1/2035	38,250.00	6887	0.55702298	21,306.13	
5/1/2036	1,293,250.00	7067	0.54856892	709,436.76	
11/1/2036	19,425.00	7247	0.54024317	10,494.22	
5/1/2037	1,314.425.00	7427	0.53204379	
699,331.66	
		S2B38!1Zl ll 			  s20 1011  !!!! 69  (2)	

See Page B-2 (B).
$20,108,988.69 = $19,810,000.00 [Principal Amount of 2016A Bonds] + $644,804.60 [Net Original Issue Premium on 2016A Bonds] - $345,815.91 [Bond Insurance Policy].

Page B-3

Arbitrage Credit - 2016A Bonds - 1st 5-Year Computation Period

1st 5-Year	Investment Yield:
Computation	Acquistion &
Date:	9/14/2021	Construction Fund:	0.73313500%
2016A Bond
Yield (1):	3.08222200%	Both Funds:	0.76211860%

Muni
Days To	@ Investment
Acguistion & Construction Fund	Debt Service Reserve Fund	Compu-	2016A Bond Yield	Yield
	Transaction	Invested(-)/			Future	Invested H /				tation		Future	Future	
Date {2)	Description (2)	Disbursed(+) (2)	lnterest(2)	Balance (2)	Value	Disbursed(+) {2)	Interest {2)	Balance (2)	I2!il	Date	Yield	Value	Value	
9/14/2016	cash Receipt	($479,469.41)	$0.00	$479,469.41	($497,337.97)	($333,500.00)	$0.00	$333,500.00	($812,969.41)	1800	1.16524999	($947,312.60)	($844,485.02)	
9/14/2016	Cash Receipt	(33,847.51)	0.00	513,316.92	(35,108.92)	0.00	0.00	333,500.00	(33,847.51)	1800	1.16524999	(39,440.81)	(35,159.64)	
9/20/2016	Disbursement	3,506.25	0.00	509,810.67	3,636.48	0.00	0.00	333,500.00	3,506.25	1794	1.16465612	4,083.58	3,641.71	
10/3/2016	Int. Earn.(+)/ Reinvst. H	{1.43)	1.43	509,812.10	0.00	(0.94)	0.94	333,500.94	0.00	1781	1.16337042	0.00	0.00	
11/1/2016	Int. Earn.(+)/ Reinvst. (-)	{2.61)	2.61	509,814.71	0.00	(1.71)	1.71	333,502.65	0.00	1753	1.16060605	0.00	0.00	
11/7/2016	Transfer to Project Fund	275.00	0.00	509,539.71	284.94	0.00	0.00	333,502.65	275.00	1747	1.16001455	319.00	285.34	
11/16/2016	Transfer to DSR Fund	3,632.60	0.00	505,907.11	3,763.23	0.00	0.00	333,502.65	3,632.60	1738	1.15912785	4,210.65	3,768.48	
11/21/2016	Costs of Issuance	8,913.22	0.00	496,993.89	9,232.81	0.00	0.00	333,502.65	8,913.22	1733	1.15863553	10,327.17	9,245.65	
12/1/2016	Costs of Issuance	{2.50)	2.50	496,996.39	0.00	(1.65)	1.65	333,504.30	0.00	1723	1.15765152	0.00	0.00	
12/9/2016	Int. Earn.(+)/ Reinvst. (-)	219.42	0.00	496,776.97	227.20	0.00	0.00	333,504.30	219.42	1715	1.15686492	253.84	227.52	
12/14/2016	Int. Earn.(+)/ Reinvst. (-)	2,050.50	0.00	494,726.47	2,123.03	0.00	0.00	333,504.30	2,050.50	1710	1.15637356	2,371.14	2,12S.94	
12/29/2016	ST Cap Gain	{0.03)	0.03	494,726.50	0.00	(0.02)	0.02	333,504.32	0.00	1695	1.15490074	0.00	0.00	
1/3/2017	Int. Earn.(+)/ Reinvst. (-)	{35.09)	35.09	494,761.59	0.00	(23.65)	23.65	333,527.97	0.00	1691	1.15450831	0.00	0.00	
1/13/2017	Disbursement	2,977.43	0.00	491,784.16	3,080.93	0.00	0.00	333,527.97	2,977.43	1681	1.15352781	3,434.55	3,085.09	
2/1/2017	Int. Earn.(+)/ Reinvst. (-)	(74.62)	74.62	491,858.78	0.00	(50.49)	50.49	333,578.46	0.00	1663	1.15176500	0.00	0.00	
2/7/2017	Oedit	39,288.68	0.00	452,570.10	40,634.58	0.00	0.00	333,578.46	39,288.68	1657	1.15117800	45,228.26	40,688.62	
3/1/2017	Int. Earn.(+)/ Reinvst. (-)	(64.57)	64.57	452,634.67	0.00	(46.70)	46.70	333,625.16	0.00	1633	1.14883297	0.00	0.00	
3/1/2017	Disbursement	196.00	0.00	452,438.67	202.62	0.00	0.00	333,625.16	196.00	1633	1.14883297	225.17	202.88	
3/14/2017	Disbursement	3,295.16	0.00	449,143.51	3,405.48	0.00	0.00	333,625.16	3,295.16	1620	1.14756475	3,781.41	3,409.91	
3/21/2017	Credit	75.41	0.00	449,068.10	77.92	0.00	0.00	333,625.16	75.41	1613	1.14688243	86.49	78.02	
4/3/2017	Int. Earn.(+)/ Reinvst. (-)	(98.91)	98.91	449,167.01	0.00	(73.32)	73.32	333,698.48	0.00	1601	1.14571370	0.00	0.00	
4/6/2017	Credit	5,223.49	0.00	443,943.52	5,395.95	0.00	0.00	333,698.48	5,223.49	1598	1.14542171	5,983.10	5,402.87	
4/17/2017	Debit	140.00	0.00	443,803.52	144.59	0.00	0.00	333,698.48	140.00	1587	1.14435169	160.21	144.77	
5/1/2017	Disbursement	{131.85)	131.85	443,935.37	0.00	(98.93)	98.93	333,797.41	0.00	1573	1.14299129	0.00	0.00	
5/10/2017	Int. Earn.(+)/ Reinvst. (-)	5,894.38	0.00	438,040.99	6,084.79	0.00	0.00	333,797.41	5,894.38	1564	1.14211760	6,732.08	6,092.43	
5/16/2017	Trf Out • DSR Excess	0.00	0.00	438,040.99	0.00	125.16	0.00	333,672.25	125.16	1558	1.14153552	142.87	129.35	
5/23/2017	Int. Earn.(+)/ Reinvst. (·)	1,208.00	0.00	436,832.99	1,246.69	0.00	0.00	333,672.25	1,208.00	1551	1.14085679	1,378.16	1,248.24	
5/31/2017	Int. Earn.(+)/ Reinvst. (-)	4,763.59	0.00	432,069.40	4,915.47	0.00	0.00	333,672.25	4,763.59	1544	1.14017847	5,431.34	4,921.56	
6/1/2017	Int. Earn.(+)/ Reinvst. {-)	{139.98)	139.98	432,209.38	0.00	(106.37)	106.37	333,778.62	0.00	1543	1.14008160	0.00	0.00	
6/19/2017	Int. Earn.(+)/ Reinvst. (-)	235.00	0.00	431,974.38	242.40	0.00	0.00	333,778.62	235.00	1525	1.13833934	267.51	242.70	
6/30/2017	Int. Earn.(+)/ Reinvst. H	864.51	0.00	431,109.87	891.53	0.00	0.00	333,778.62	864.Sl	1514	1.13727594	983.19	892.61	
7/3/2017	Disbursement	(174.72)	174.72	431,284.59	0.00	(134.97)	134.97	333,913.59	0.00	1511	1.13698609	0.00	0.00	
7/7/2017	Disbursement	1,717.50	0.00	429,567.09	1,770.93	0.00	0.00	333,913.59	1,717.50	1507	1.13659974	1,952.11	1,773.07	
7/31/2017	Int. Earn.(+)/ Reinvst. (-)	1,434.23	0.00	428,132.86	1,478.15	0.00	0.00	333,913.59	1,434.23	1484	1.13438079	1,626.96	1,479.91	
8/1/2017	Credit	(214.50)	214.50	428,347.36	0.00	(166.62)	166.62	334,080.21	o.oo	1483	1.13428442	0,00	0.00	
8/29/2017	Disbursement	1,724.91	0.00	426,622.45	1,776.69	0.00	0.00	334,080.21	1,724.91	1455	1.13158916	1,951.89	1,778.76	
9/1/2017	Disbursement	{220.67)	220.67	426,843.12	0.00	{172.18)	172.18	334,252.39	0.00	1453	1.13139689	0.00	0.00	
9/27/2017	Disbursement	1,316.25	0.00	425,526.87	1,354.99	0.00	0.00	334,252.39	1,316.25	1427	1.12890031	1,485.92	1,356.54	
10/2/2017	Disbursement	(214.94)	214.94	425,741.81	0.00	(168.39)	168.39	334,420.78	o.oo	1422	1.12842083	0.00	0.00	
10/11/2017	Disbursement	75.64	0.00	425,666.17	77.84	0.00	0.00	334,420.78	75.64	1413	1.12755828	85.29	77.93	

Arbitrage Credit - 2016A Bonds - 1st 5-Vear Computation Period

lstS-Year	Investment Yield:
Computation	Acquistion &
Date:	9/14/2021	Construction Fund:	0.73313500%
2016A Bond
Yield (l)c	3.08222200%	Both Funds:	0.76211860%

Muni
Days To	@ Investment
	
Transaction	Invested H /	Acguistion & Construction Fund	
Future	Debt Sf::rvice
Invested{-)/	Rese(Ye Fund			Compu-
tation	2016A Bond	Yield
Future	Yield
Future	
Date(2)	Description (2)	Disbursed(+) (2)	Interest (2)	Balance (2)	Value	Disbursed(+) (2)	Interest (2)	Balance (2)	!Q!il	Date	Yield	Value	Value	
10/27/2017	Int. Earn.(+)/ Reinvst. (-)	910.91	0.00	424,755.26	937.15	0.00	0.00	334,420.78	910.91	1397	1.12602649	1,025.71	
938.20	
11/1/2017	Disbursement	(225.27)	225.27	424,980.53	0.00	(177.04)	177.04	334,597.82	o.oo	1393	1.12564387	0.00	0.00	
11/2/2017	Disbursement	(108.40)	0.00	425,088.93	(111.51)	0.00	0.00	334,597.82	(108.40)	1392	1.12554823	(122.01)	(111.64)	
12/1/2017	Disbursement	(231.55)	231.55	425,320.48	0.00	(182.26)	182.26	334,780.08	0.00	1363	1.12277834	0.00	0.00	
12/6/2017	Int. Earn.(+)/ Reinvst. (-)	1,054.63	0,00	424,265.85	1,084.15	0.00	0.00	334,780.08	1,054.63	1358	1.12230146	1,183.61	1,085.33	
1/2/2018	Disbursement	(285.16)	285.16	424,551.01	0.00	(224.93)	224.93	335,005.01	0.00	1332	1.11982495	0.00	0.00	
1/18/2018	Disbursement	1,249.07	0.00	423,301.94	1,282.94	0.00	0.00	335,005.01	1,249.07	1316	1.11830367	1,396.84	1,284.29	
1/25/2018	Int. Earn.(+)/ Reinvst. (-)	141.00	0.00	423,160.94	144.80	0.00	0.00	335,005.01	141.00	1309	1.11763875	157.59	144.95	
2/1/2018	Requistion	(329.75)	329.75	423,490.69	0.00	(260.57)	260.57	335,265.58	o.oo	1303	1.11706914	0.00	0.00	
2/8/2018	Requisition	8,088.16	0.00	415,402.53	8,304.07	0.00	0.00	335,265.58	8,088.16	1296	1.11640496	9,029.66	8,312.71	
2/26/2018	Requisition	1,318.14	0.00	414,084.39	1,352.83	0.00	0.00	335,265.58	1,318.14	1278	1.11469889	1,469.33	1,354.22	
3/1/2018	Disbursement	(303.45)	303.45	414,387.84	0.00	(243.83)	243.83	335,509.41	0.00	1273	1.11422544	0.00	0.00	
3/19/2018	Disbursement	10,194.75	0.00	404,193.09	10,458.18	0.00	0.00	335,509.41	10,194.75	1255	1.11252269	11,341.89	10,468.71	
4/2/2018	Disbursement	(380.94)	380.94	404,574.03	0.00	(311.94)	311.94	335,821.35	0.00	1242	1.11129455	0.00	0.00	
4/4/2018	Disbursement	18,254.95	0.00	386,319.08	18,720.94	0.00	0.00	335,821.35	18,254.95	1240	1.11110573	20,283.18	18,739.57	
5/1/2018	Disbursement	(403.03)	403.03	386,722.11	0.00	(348.71)	348.71	336,170.06	0.00	1213	1.10855973	0.00	0.00	
5/3/2018	Int. Earn.(+)/ Reinvst. (·)	51,229.16	0.00	335,492.95	52,505.91	0.00	0.00	336,170.06	51,229.16	1211	1.10837137	56,780.93	52,556.93	
6/1/2018	Disbursement	(376.09)	376.09	335,869.04	0.00	(373.22)	373.22	336,543.28	0.00	1183	1.10573769	0.00	0.00	
6/22/2018	Int. Earn.(+)/ Reinvst. (-)	47,403.40	0.00	288,465.64	48,536.43	0.00	0.00	336,543.28	47,403.40	1162	1.10376654	52,322.29	48,581.69	
7/2/2018	Disbursement	(372.97)	372.97	288,838.61	0.00	(391.12)	391.12	336,934.40	0.00	1152	1.10282913	0.00	0.00	
8/1/2018	Int Earn. (+) / Reinvst. (-)	(368.61)	368.61	289,207.22	0.00	(429.99)	429.99	337,364.39	0.00	1123	1.10011515	0.00	0.00	
8/10/2018	Disbursement	55,848.75	0.00	233,358.47	57,127.87	0.00	0.00	337,364.39	55,848.75	1114	1.09927423	61,393.09	57,178.94	
8/16/2018	cash Credit	42,511.61	0.00	190,846.86	43,479.96	0.00	0.00	337,364.39	42,511.61	1108	1.09871398	46,708.10	43,518.62	
8/27/2018	Disbursement	1,155.35	0.00	189,691.51	1,181.40	0.00	0,00	337,364.39	1,155.35	1097	1.09768760	1,268.21	1,182.44	
9/4/2018	Int. Earn.(+)/ Reinvst. (-)	(292.51)	292.51	189,984.02	0.00	(434.43)	434.43	337,798.82	o.oo	1090	1.09703494	0.00	0.00	
9/21/2018	Disbursement	751.25	0.00	189,232.77	767.82	0.00	0.00	337,798.82	751.25	1073	1.09545154	822.96	768.48	
10/1/2018	Disbursement	(244.82)	244.82	189,477.59	0.00	(435.91)	435.91	338,234.73	0.00	1063	1.09452119	0.00	0.00	
10/18/2018	lnt. Earn.(+)/ Reinvst. (-)	74.16	0.00	189,403.43	75.75	0,00	0.00	338,234.73	74.16	1046	1.09294141	81.05	75.82	
11/1/2018	Disbursement	(283.26)	283.26	189,686.69	0.00	(505.74)	505.74	338,740.47	0.00	1033	1.09173489	0.00	0.00	
11/29/2018	Disbursement	(205,282.55)	0.00	394,969.24	(209,519.45)	0.00	0.00	338,740.47	(205,282.55)	1005	1.08914074	(223,581.59)	(209,688.42)	
12/3/2018	Int. Earn.(+)/ Reinvst. (-)	(292.00)	292.00	395,261.24	0.00	(503.16)	503.16	339,243.63	0.00	1001	1.08877065	0.00	0.00	
1/2/2019	Disbursement	(634.67)	634.67	395,895.91	0.00	(544.69)	544.69	339,788.32	0.00	972	1.08609126	0.00	0.00	
1/11/2019	Disbursement	1,156.35	0.00	394,739.56	1,179.21	0.00	0.00	339,788.32	1,156.35	963	1.08526107	1,254.94	1,180.12	
1/18/2019	Disbursement	75.64	0.00	394,663.92	77.12	0.00	0.00	339,788.32	75.64	956	1.08461580	82.04	77.18	
2/1/2019	Int. Earn.(+)/ Reinvst. (-)	(679.19)	679.19	395,343.11	0.00	(584.13)	584.13	340,372.45	0.00	943	1.08341846	0.00	0.00	
2/22/2019	Disbursement	384.16	0.00	394,958.95	391.43	0.00	0.00	340,372.45	384.16	922	1.08148710	415.46	391.72	
3/1/2019	Int. Earn.(+)/ Reinvst. (·)	(610.51)	610.51	395,569.46	0.00	(525.75)	525.75	340,898.20	0.00	913	1.08066043	0.00	0.00	
4/1/2019	Int. Earn.(+)/ Reinvst. (-)	(680.06)	680.06	396,249.52	0.00	(586.07)	586.07	341,484.27	0.00	883	1.07790941	0.00	0.00	
4/4/2019	Receipt	(74.16)	0.00	396,323.68	(75.50)	0.00	0.00	341,484.27	(74.16)	880	1.07763469	(79.92)	(75.55)	
4/4/2019	Disbursement	74.16	0.00	396,249.52	75.50	0.00	0.00	341,484.27	74.16	880	1.07763469	79.92	75.55	

Arbitrage Credit - 2016A Bonds - 1st 5-Year Computation Period

1st 5-Year Computation
Date: 2016A Bond Yield (1):

9/14/2021

3.08222200%

	Acguistion & Construction Fund

Investment Yield: Acquistion &
Construction Fund:	0.73313500%

Both Funds:	0.76211860%

Muni
Days To	@ Investment
Debt Service Reserve Fund	Compu-	2016A Bond Yield	Yield

	Transaction	Invested (-) /			Future	Invested(-)/				tation		Future	Future	
Date (2)	Description (2)	Disbursed(+) (2}	lnterest(2)	Balance (2)	Value	Disbursed(+) {2)	lnterest(2)	Balance (2)	To!i.l	Date	Yield	Value	Value	
4/4/2019	Int. Earn.(+)/ Reinvst. (-)	486.66	0.00	395,762.86	495.44	0.00	0.00	341,484.27	486.66	880	1.07763469	524.44	495.79	
S/1/2019	Disbursement	(662.96)	662.96	396,425.82	0.00	(571.96)	571.96	342,056.23	0.00	853	1.07516539	0.00	0.00	
6/3/2019	Disbursement	(677.53)	677.53	397,103.3S	0.00	(584.61)	584.61	342,640.84	0.00	821	1.07224614	0.00	0.00	
7/1/2019	Disbursement	(647.40)	647.40	397,7S0.7S	0.00	(S58.61)	558.61	343,199.45	0.00	793	1.06969830	0.00	0.00	
7/3/2019	Trf Out - DSR Excess	0.00	0.00	397,750.75	0.00	9,699.45	0.00	333,500.00	9,699.45	791	1.069516S5	10,373.72	9,862.93	
8/1/2019	Int. Earn.(+)/ Reinvst. (-)	(66S.81)	66S.81	398,416.56	0.00	(5S9.32)	S59.32	334,059.32	0.00	763	1.06697519	0.00	0.00	
9/3/2019	Int. Earn.(+)/ Reinvst. H	(S91.13)	591.13	399,007.69	0.00	(495.6S)	49S.6S	334,554.97	0.00	731	1.06407818	0.00	0.00	
10/1/2019	Int. Earn.(+)/ Reinvst. (-)	(5S9.76)	5S9.76	399,S67.4S	0.00	(469.34)	469.34	335,024.31	0.00	703	1.061S497S	0.00	0.00	
11/1/2019	Transfer Out - OS Fund	(S03.30)	S03.30	400,070.7S	0.00	(422.00)	422.00	335,446.31	0.00	673	1.05884738	0.00	0.00	
11/18/2019	Trf Out - OSR Excess	0.00	0.00	400,070.75	0.00	1,946.31	0.00	333,500.00	1,946.31	6S6	1.05731909	2,057.87	1,973.48	
12/2/2019	Disbursement	(420.21)	420.21	400,490.96	0.00	(3S1.46)	3S1.46	333,851.46	0.00	642	1.05606216	0.00	0.00	
1/2/2020	Int. Earn.(+)/ Reinvst. (-)	(415.4S)	415.45	400,906.41	0.00	(346.32)	346.32	334,197.78	0.00	612	1.05337376	0.00	0.00	
2/3/2020	Disbursement	(40S.04)	40S.04	401,311.45	0.00	(337.6S)	337.65	334,535.43	0.00	S81	1.05060294	0.00	0.00	
3/2/2020	Int. Earn.{+)/ Reinvst. (-)	(379.01)	379.01	401,690.46	0.00	(31S.94)	315.94	334,851.37	0.00	S52	1.04801748	0.00	0.00	
4/1/2020	Int. Earn. (+) / Reinvst. H	(199.42)	199.42	401,889.88	0.00	(166.24)	166.24	335,017.61	0.00	S23	1.04543838	0.00	0.00	
S/1/2020	Disbursement	(3.10)	3.10	401,892.98	o.oo	(2.58)	2.58	335,020.19	0.00	493	1.04277703	0.00	0.00	
6/1/2020	Disbursement	(2.05)	2.05	401,895.03	0.00	(1.71)	1.71	335,021.90	0.00	463	1.04012245	0.00	0.00	
7/1/2020	Int. Earn.(+)/ Reinvst. H	(1.98)	1.98	401,897.01	0.00	(1.6S)	1.65	335,023.55	0.00	433	1.03747463	0.00	0.00	
8/3/2020	Int. Earn.(+)/ Reinvst. (-)	(2.05)	2.05	401,899.06	0.00	(1.71)	1.71	335,025.26	0.00	401	1.0346S772	0.00	0.00	
9/1/2020	Disbursement	(2.05)	2.05	401,901.11	o.oo	(1.71)	1.71	335,026.97	0.00	373	1.03219919	0.00	0.00	
10/1/2020	Int. Earn.(+)/ Reinvst. (-)	(1.98)	1.98	401,903.09	0.00	(1.6S)	1.6S	335,028.62	0.00	343	1.02957154	0.00	0.00	
11/2/2020	Disbursement	(2.05)	2.05	401,905.14	0.00	(1.71)	1.71	335,030.33	0.00	312	1.02686333	0.00	0.00	
12/1/2020	Int. Earn.(+)/ Reinvst. (-)	(1.98)	1.98	401,907.12	0.00	(1.6S)	1.6S	33S,031.98	0.00	283	1.02433629	0.00	0.00	
12/29/2020	LT cap Gain	(0.13)	0.00	401,907.25	(0.13)	(0.11)	0.11	335,032.09	(0.13)	25S	1.02190229	(0.13)	(0.13)	
12/29/2020	ST Cap Gain	(0.34)	0.00	401,907.59	(0.34)	(0.28)	0.28	335,032.37	(0.34)	25S	l.02190229	(0.3S)	(0.34)	
1/4/2021	Int. Earn.(+)/ Reinvst. (-)	(2.04)	2.04	401,909.63	0.00	(1.70)	1.70	335,034.07	0.00	2S0	l.02146826	0.00	0.00	
2/1/2021	Int. Earn.(+)/ Reinvst. (·)	(2.04)	2.04	401,911.67	0.00	(1.70)	1.70	33S,03S.77	0.00	223	1.01912766	0.00	0.00	
3/1/2021	Disbursement	(1.87)	1.87	401,913.54	0.00	(1.56)	1.56	335,037.33	0.00	193	l.016S3329	0.00	0.00	
4/1/2021	Disbursement	(2.04)	2.04	401,915.58	0.00	(1.70)	1.70	335,039.03	0.00	163	1.01394552	0.00	0.00	
5/3/2021	Int. Earn.(+)/ Reinvst. (-)	(1.98)	1.98	401,917.56	0.00	(1.6S)	1.6S	335,040.68	o.oo	131	1.01119249	0.00	0.00	
6/1/2021	Int. Earn.(+)/ Reinvst. (-)	(2.04)	2.04	401,919.60	o.oo	(1.70)	1.70	335,042.38	0.00	103	l.00878972	0.00	0.00	
7/1/2021	Transfer Out - OS Fund	(1.98)	1.98	401,921.58	0.00	(1.6S)	1.6S	335,044.03	0.00	73	1.00622166	0.00	0.00	
8/2/2021	Int. Earn.(+)/ Reinvst. (-)	(2.04)	2.04	401,923.62	0.00	(1.70)	1.70	335,045.73	0.00	42	1.00357487	0.00	0.00	
9/1/2021	Int. Earn.(+)/ Reinvst. {-)	(2.07)	2.07	401,925.69	0.00	(1.73)	1.73	335,047.46	o.oo	13	1.00110s1s	0.00	0.00	
9/14/2021	Balance	401,925.69	0.00	0.00	401925.69	335047.46	0.00	0.00	736 973.15		1.00000000	736,973.15	736 973.1S	
			ill.m.§l				s.w.w.a							
											Arbitrage Credit			

ti.Qt&1;. (1) See Page B-3.
Source: Trust Fund statements of US Bank, Orlando, Florida.

Pa1e C-1(End)

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in March 2023 in an amount totaling $58,093.18

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 March 1, 2023 through March 31, 2023. This does not include expenditures previously approved by the Board.

The total items being presented:    $58,093.18

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

BANK ID: SUN - CIT% NATIONAL BANK

((1-1(1-((((-((-(1

Myrtle Creek Improvement District AP Check Register (Current by Bank) Check Dates: 3/1/2023 to 3/31/2023

Check No.	Date	Status*	Vendor ID	Payee Name	Amount

 2 #
 2#0
 2#1
 2#2
 2#3
 2# 
 2#0
 2#<
 2#?
 2# 
 2##
 300
 301
 302
 303
 30 
 300
 30<
 30?
 30 
 30#
 310
 311	1/23
1/23

10/23
10/23
10/23
10/23
10/23
10/23
10/23
10/23
10/23
10/23

#/23 #/23 #/23 #/23 #/23 #/23	P P
 P

 

 

 

 

 

 
 	'R A(
B)+.
D'+45' BC6D A8C B'R A(
9+:(A4
;.C=>+
;4@A;
+DA.6+
 +''D
>R+.'( PA BC D>( C AAC
;4@A; PA BC B'R A(
B)+.
9+:(A4
;.C=>+
;.='(A
 +''D	er"an Construction
Bright)ie* +an,sca-e .er/ices De1u2e 3or Business
Boggy Creek 6"-ro/& District A7uatic 8ee, Contro1% 6nc& er"an Construction
9ohn Peter +ynaugh
;y1e .cho11
;utak Rock
+ione1 R& Dasi1/a
 arsha +ee,
>r1an,o .entine1
PA Brou- Consu1ting
Dona1, 8& c6ntosh Associates Aire Ant Contro1
;utak Rock
PA Brou- Consu1ting er"an Construction
Bright)ie* +an,sca-e .er/ices 9ohn Peter +ynaugh
;y1e .cho11
;a"a1akar .henai
 arsha +ee,	

BANK SUN REGISTER TOTAL:

GRAND TOTAL :	$3%000&01
$10%100&# 
$2 0&00
$ #&10
$320&00
$1%02 &00
$200&00
$200&00
$303&00
$200&00
$200&00
$223&20
$<& 
$?#<&02
$1% 00&00
$ # &00
$3%0 1&<?
$3%000&01
$10%100&# 
$200&00
$200&00
$200&00
$200&00

$46,665.91

$46,665.91	

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

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

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

=::Assistant  Secretary	Chairperson

<9:lc1:

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

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

Funding Request #132
2/17/2023

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursement for Construction-Related Legal Advertising on Req 286	OSC67771844	$	49.15	
		
TOTAL	
$	
49.15	

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

Payment Authorization #572
2/24/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Kutak Rock			
	General Counsel Through 01/31/2023	3182119	$	353.50	
2	Supervisor Fees - 02/21/2023 Meeting			
	Marsha Leed		$	200.00	
	John Lynaugh		$	200.00	
	Kyle Scholl		$	200.00	
	Bob da Silva		$	200.00	
		
TOTAL	
$	1,153.50	

ry/Assistant Secretary

Chairperson

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

Payment Authorization #573

	3/3/2023		
	Item	Payee	Invoice	General		
	No.		Number	Fund		
	
1	
Aquatic Weed Control				
		March Waterway Service	81130	$	325.00		
	2	Berman Construction				
		Painting Monument Caps	34782	$	1,024.00		
		March Administrator & Irrigation Specialist	34964	$	3,000.01		
	3	BrightView Landscape Services				
		March Landscape Maintenance	8303541	$	15,100.98		
	4	Deluxe Corporation				
		Check Order	571565	$	245.00		
	5	Orlando Sentinel				
		Legal Advertising on 02/13/2023 (Ad: 7372156)	OSC68482242	$	223.25		
	6	PFM Group Consulting				
		January Reimbursables	OE-EXP-02-2023-32	$	6.84		
			
TOTAL	
$  19,925.08		

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

Chairperson

Payment Authorization #574
3/10/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Boggy Creek Improvement District			
	February ICM Expenses	ICM2023-05	$	8,232.61	

2	ouc
Acct: 4782400001 ; Service 02/01/2023 - 03/01/2023		

$	3,194.66	
		
TOTAL	
$  11,427.27	

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

Chairperson

RECEIVED
By Amanda Lane at 9:29 am, Mar 13, 2023

Payment Authorization #575
3/17/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Donald W McIntosh Associates			
	Engineering Services Through 02/24/2023	43892	$	796.02	
2	Fire Ant Control			
	Fire Ant Control	19816	$	1,405.00	
3	Kutak Rock
General Counsel Through 02/28/2023	
3194545	
$	894.50	
4	PFM Group Consulting
DM Fee: March 2023	
DM-03-2023-32	
$	3,541.67	

6,637.19

ry/Assistant Secretary

Chairperson

Myrtle Creek Improvement District c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817

RECEIVED
By Amanda Lane at 8:47 am, Mar 20, 2023

LaneA@pfm.com // (407) 723-5925

RECEIVED
By Amanda Lane at 1:15 pm, Mar 27, 2023

Payment Authorization #576
3/23/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Supervisor Fees - 03/21/2023 Meeting			
	Marsha Leed		$	200.00	
	Kam Shenai		$	200.00	
	John Lynaugh		$	200.00	
	Kyle Scholl		$	200.00	
		
TOTAL	
$	800.00	

Secretary/Assistant Secretary	Chairperson

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

Work Authorization/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$1,229,160.81				
68,901.02				
4,119.57				
5,000.00				
86,576.90				
4,300.00				
213,567.48				
	$116,587.55			
	64,815.21			
	339,604.34			
	1,134,985.28			
	1,503.39			
			$48.40	
			409,650.96	
$1,611,625.78	$1,657,495.77		$409,699.36	
$0.00	$0.00		$0.00	
$1,611,625.78	$1,657,495.77		$409,699.36	

General Long- Term Debt		Total	

$0.00		

$1,229,160.81
68,901.02
4,119.57
5,000.00
86,576.90
4,300.00
213,567.48
116,587.55
64,815.21
339,604.34
1,134,985.28
1,503.39
48.40
409,650.96
$3,678,820.91	

$1,476,093.01 13,633,906.99
$15,110,000.00		
$1,476,093.01 13,633,906.99
$15,110,000.00	
$15,110,000.00		$18,788,820.91	

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

General Long- Term Debt		Total	

$0.00		

$65,038.46 7,775.99
86,576.90
116,587.55
48.40
48.40
$276,075.70	

$15,110,000.00
$15,110,000.00		
$15,110,000.00
$15,110,000.00	
$15,110,000.00		$15,386,075.70	

$0.00		

$1,285,711.94 (409,756.02)
576,278.51

1,253,347.79
287,560.43

(417,951.06)
821,825.46
5,728.16

$3,402,745.21	
			
$15,110,000.00		$18,788,820.91	

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

7,775.99
86,576.90

$159,391.35		

$116,587.55

$116,587.55		

$48.40 48.40
$96.80	
$0.00		$0.00		$0.00	
$159,391.35		$116,587.55		$96.80	

$1,285,711.94 (409,756.02)
576,278.51

$1,452,234.43		

$1,253,347.79 287,560.43

$1,540,908.22		

($417,951.06) 821,825.46
5,728.16

$409,602.56	
					
$1,611,625.78		$1,657,495.77		$409,699.36	

$65,038.46

Capital Projects Fund

Myrtle Creek Improvement District
Statement of Activities As of 3/31/2023	
	
General Fund	
Debt Service	
Capital Projects Fund	
General Long- Term Debt	
Total	

Revenues

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

$850,240.64				

$850,240.64	
		$1,144,964.56			1,144,964.56	
			$255.35		255.35	

$850,240.64	

$1,144,964.56	

$255.35	

$0.00	

$1,995,460.55	
Expenses						
Supervisor Fees	$4,200.00				$4,200.00	
Public Officials' Liability Insurance	3,892.00				3,892.00	
Trustee Services	6,775.32				6,775.32	
Management	21,250.02				21,250.02	
Engineering	2,202.90				2,202.90	
Disclosure	250.00				250.00	
Property Appraiser	2,013.69				2,013.69	
District Counsel	5,520.66				5,520.66	
Assessment Administration	7,500.00				7,500.00	
Reamortization Schedules	125.00				125.00	
Travel and Per Diem	25.40				25.40	
Postage & Shipping	7.98				7.98	
Legal Advertising	1,403.25				1,403.25	
Miscellaneous	4.90				4.90	
Meeting Room	125.83				125.83	
Office Supplies	245.00				245.00	
Web Site Maintenance	540.00				540.00	
Holiday Decorations	600.00				600.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	727.44				727.44	
Entry Lighting	113.18				113.18	
Water Reclaimed	13,019.97				13,019.97	
Aquatic Contract	1,950.00				1,950.00	
General Liability Insurance	4,458.00				4,458.00	
Irrigation	8,624.07				8,624.07	
Landscaping Maintenance & Material	90,842.82				90,842.82	
Tree Trimming	31,500.00				31,500.00	
Flower & Plant Replacement	2,025.00				2,025.00	
Contingency	907.00				907.00	

Myrtle Creek Improvement District
Statement of Activities As of 3/31/2023

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

IME - Aquatics Maintenance	1,578.18								1,578.18	
IME - Irrigation	832.70								832.70	
IME - Landscaping	43,376.46								43,376.46	
IME - Lighting	369.74								369.74	
IME - Miscellaneous	650.48								650.48	
IME - Water Reclaimed	309.94								309.94	
Pest Control	1,405.00								1,405.00	
Entry and Wall Maintenance	1,464.00								1,464.00	
Streetlights	5,331.78								5,331.78	
Personnel Leasing Agreement	18,000.06								18,000.06	
Principal Payments			$610,000.00						610,000.00	
Interest Payments			257,800.00						257,800.00	
Legal Advertising					$303.75				303.75	
Total Expenses	$284,342.77		$867,800.00		$303.75		$0.00		$1,152,446.52	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$10,380.64								$10,380.64	
Interest Income			$10,395.30						10,395.30	
Dividends Income			0.57						0.57	
Interest Income					$5,776.06				5,776.06	
Dividends Income					0.50				0.50	
Total Other Revenues (Expenses) & Gains (Losses)	$10,380.64		$10,395.87		$5,776.56		$0.00		$26,553.07	
Change In Net Assets	$576,278.51		$287,560.43		$5,728.16		$0.00		$869,567.10	

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

Net Assets At End Of Year	
$1,452,234.43		
$1,540,908.22		
$409,602.56		
$0.00		
$3,402,745.21	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 3/31/2023

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

Revenues
On-Roll Assessments Carryforward Revenue
Net Revenues	

$	

- 6,821.77	

$	

60,977.57
6,821.78	

$ 167,183.04
6,821.77	

$ 246,969.04
6,821.77	

$	

326,979.79
6,821.77	

$	

48,131.20
6,821.78	
	$	6,821.77	$	67,799.35	$ 174,004.81	$ 253,790.81	$	333,801.56	$	54,952.98	
General & Administrative Expenses											
Legislative											
Supervisor Fees	$	-	$	1,800.00	$	800.00	$	-	$	800.00	$	800.00	
Financial & Administrative											
Public Officials' Liability Insurance		3,892.00		-	-	-		-		-	
Trustee Services		-		6,775.32	-	-		-		-	
Management		3,541.67		-	7,083.34	3,541.67		3,541.67		3,541.67	
Engineering		-		-	1,219.38	187.50		-		796.02	
Disclosure		-		-	-	250.00		-		-	
Property Appraiser		-		-	-	-		2,013.69		-	
District Counsel		-		-	3,317.01	-		1,309.15		894.50	
Assessment Administration		7,500.00		-	-	-		-		-	
Reamortization Schedules		-		125.00	-	-		-		-	
Audit		-		-	-	-		-		-	
Arbitrage Calculation		-		-	-	-		-		-	
Travel and Per Diem		-		-	17.80	7.60		-		-	
Telephone		-		-	-	-		-		-	
Postage & Shipping		-		-	0.57	0.57		-		6.84	
Copies		-		-	-	-		-		-	
Legal Advertising		-		249.50	484.00	223.25		-		446.50	
Bank Fees		0.20		(0.20)	-	-		-		-	
Miscellaneous		-		0.97	0.98	0.99		0.98		0.98	
Meeting Room		-		-	53.54	72.29		-		-	
Office Supplies		-		-	-	-		-		245.00	
Property Taxes		-		-	-	-		-		-	
Web Site Maintenance		-		-	-	405.00		135.00		-	
Holiday Decorations		-		-	600.00	-		-		-	
Dues, Licenses, and Fees		175.00		-	-	-		-		-	
Total General & Administrative Expenses	$	15,108.87	$	8,950.59	$  13,576.62	$	4,688.87	$	7,800.49	$	6,731.51	

Field Operations											
Electric Utility Services											
Electric	$	-	$	105.41	$	107.80	$	110.88	$	107.63	$	104.53	
Entry Lighting		-		19.52	19.52	23.87		25.28		24.99	
Water-Sewer Combination Services											
Water Reclaimed		-		3,042.39	2,759.30	2,075.15		1,768.17		1,677.80	
Stormwater Control											
Aquatic Contract		325.00		325.00	325.00	325.00		325.00		325.00	
Lake/Pond Repair Reserve		-		-	-	-		-		-	
Other Physical Environment											
General Liability Insurance		4,458.00		-	-	-		-		-	
Property & Casualty Insurance		-		-	-	-		-		-	
Auto Insurance		-		-	-	-		-		-	
Irrigation		-		-	5,849.79	105.01		1,843.97		-	

$	YTD Actual

850,240.64
40,930.64	
$

$	891,171.28

4,200.00

3,892.00
6,775.32
21,250.02
2,202.90
250.00
2,013.69
5,520.66
7,500.00
125.00
-
- 25.40
- 7.98
- 1,403.25
- 4.90
125.83
245.00
- 540.00
600.00
175.00	
$

$	56,856.95

536.25
113.18

11,322.81

1,950.00
-

4,458.00
-
- 7,798.77	

Myrtle Creek Improvement District	
		Budget to	Actual									
		For the Month Ending 3/31/2023									
		
Oct-22	
Nov-22	
Dec-22		
Jan-23			
Feb-23			
Mar-23	
Landscaping Maintenance & Material											
District Landscaping		-	24,365.98	24,365.98		-			12,182.99			12,182.99	
Gateway Road Landscaping		39.49	39.49	39.49		39.49			39.49			39.49	
Tree Trimming		-	31,500.00	-		-			-			-	
Flower & Plant Replacement		-	875.00	1,150.00		-			-			-	
Contingency		-	-	-		907.00			-			-	
Pest Control		-	-	-		-			-			1,405.00	
Hurricane Cleanup		-	-	-		-			-			-	
Interchange Maintenance Expenses											
IME - Aquatics Maintenance		263.03	263.03	263.03		263.03			263.03			263.03	
IME - Irrigation		-	-	-		832.70			-			-	
IME - Landscaping		7,229.41	7,229.41	7,229.41		7,229.41			7,229.41			7,229.41	
IME - Landscape Improvements		-	-	-		-			-			-	
IME - Lighting		-	64.38	70.39		85.90			77.38			71.69	
IME - Miscellaneous		-	-	-		-			554.40			96.08	
IME - Water Reclaimed		-	76.94	64.34		23.47			68.90			76.29	
New Operational Field Expenses											
Trail Repair		-	-	-		-			-			-	
Road & Street Facilities											
Entry and Wall Maintenance		-	-	-		440.00			-			1,024.00	
Streetlights		-	1,056.30	1,056.30		1,073.06			1,073.06			1,073.06	
Parks & Recreation											
Personnel Leasing Agreement		3,000.01	3,000.01	3,000.01		3,000.01			3,000.01			3,000.01	
Contingency											
Infrastructure Capital Reserve		-	-	-		-			-			-	
Interchange Maintenance Reserve		-	-	-		-			-			-	
Total Field Operations Expenses	$	15,314.94	$  71,962.86	$  46,300.36		$  16,533.98		$	28,558.72		$	28,593.37	

Wellspring Blvd./Performance Drive Expenses											
Irrigation Repairs	$	-	$	-	$	825.30		$	-		$	-		$	-	
Landscaping		-	5,835.98	5,835.98		-			2,917.99			2,917.99	
Flower & Plant Replacement		-	-	-		-			-			-	
Lighting		-	37.94	38.06		38.72			38.30			38.17	
Miscellaneous		-	-	-		-			-			-	
Water Reclaimed		-	517.29	223.22		399.76			281.76			275.13	
Total Wellspring Blvd./Performance Drive	$	-	$	6,391.21	$	6,922.56		$	438.48		$	3,238.05		$	3,231.29	
Expenses											
Total Expenses	 $ 	30,423.81 	 $  87,304.66 	 $  66,799.54 		 $  21,661.33 		 $		39,597.26 		 $ 	38,556.17 	
Income (Loss) from Operations	$	(23,602.04)	$ (19,505.31)	$ 107,205.27		$ 232,129.48		$	294,204.30		$	16,396.81	
Other Income (Expense)											
Interest Income	$	41.47	$	42.51	$	963.67		$	52.86		$	53.30		$	9,226.83	
Total Other Income (Expense)	$	41.47	$	42.51	$	963.67		$	52.86		$	53.30		$	9,226.83	
Net Income (Loss)	$	(23,560.57)	$ (19,462.80)	$ 108,168.94		$ 232,182.34		$	294,257.60		$	25,623.64	

 
YTD Actual	

73,097.94	
236.94	
31,500.00	
2,025.00	
907.00	
1,405.00	
-	
1,578.18	
832.70	
43,376.46	
-	
369.74	
650.48	
309.94	
-	
1,464.00	
5,331.78	
18,000.06	
-	
-	
$	207,264.23	

$	
825.30	
	17,507.94	
	-	
	191.19	
	-	
	1,697.16	
$	20,221.59	

$	
284,342.77	

$	
606,828.51	

$	
10,380.64	
$	10,380.64	
$	617,209.15	

Actual	Budget	Variance

FY 2023 Adopted	Percentage Budget		Spent

$	891,171.28	$	510,091.29	$	381,079.99	$  1,020,182.57	87.35%	

$	

4,200.00	

$	

6,000.00	

$	

(1,800.00)	

$	12,000.00	

35.00%	
	
3,892.00		
2,332.50		
1,559.50	
4,665.00	
83.43%	
	6,775.32		5,000.00		1,775.32	10,000.00	67.75%	
	21,250.02		21,250.00		0.02	42,500.00	50.00%	
	2,202.90		5,000.00		(2,797.10)	10,000.00	22.03%	
	250.00		3,500.00		(3,250.00)	7,000.00	3.57%	
	2,013.69		1,000.00		1,013.69	2,000.00	100.68%	
	5,520.66		12,500.00		(6,979.34)	25,000.00	22.08%	
	7,500.00		3,750.00		3,750.00	7,500.00	100.00%	
	125.00		125.00		-	250.00	50.00%	
	-		2,000.00		(2,000.00)	4,000.00	0.00%	
	-		450.00		(450.00)	900.00	0.00%	
	25.40		150.00		(124.60)	300.00	8.47%	
	-		25.00		(25.00)	50.00	0.00%	
	7.98		500.00		(492.02)	1,000.00	0.80%	
	-		1,000.00		(1,000.00)	2,000.00	0.00%	
	1,403.25		3,250.00		(1,846.75)	6,500.00	21.59%	
	-		180.00		(180.00)	360.00	0.00%	
	4.90		4,750.00		(4,745.10)	9,500.00	0.05%	
	125.83		200.00		(74.17)	400.00	31.46%	
	245.00		125.00		120.00	250.00	98.00%	
	-		1,250.00		(1,250.00)	2,500.00	0.00%	
	540.00		1,350.00		(810.00)	2,700.00	20.00%	
	600.00		625.00		(25.00)	1,250.00	48.00%	
	175.00		87.50		87.50	175.00	100.00%	

Revenues

On-Roll Assessments	$	850,240.64	$	469,160.65	$	381,079.99	$	938,321.30	90.61%	
Carryforward Revenue	40,930.64	40,930.64	-	81,861.27	50.00%	
Net Revenues						

General & Administrative Expenses										
Legislative
Supervisor Fees										
Financial & Administrative
Public Officials' Liability Insurance Trustee Services
Management Engineering Disclosure 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	$	56,856.95	$	76,400.00	$	(19,543.05)	$	152,800.00	37.21%	

Actual	Budget	Variance	Budget	Spent	

$	536.25	

$	

750.00	

$	(213.75)	

$	1,500.00	

35.75%	
113.18		250.00	(136.82)	500.00	22.64%	

11,322.81		
10,000.00	
1,322.81	
20,000.00	
56.61%	

1,950.00		
2,000.00	
(50.00)	
4,000.00	
48.75%	
-		2,500.00	(2,500.00)	5,000.00	0.00%	

4,458.00		
2,250.00	
2,208.00	
4,500.00	
99.07%	
-		850.00	(850.00)	1,700.00	0.00%	
-		250.00	(250.00)	500.00	0.00%	
7,798.77		22,500.00	(14,701.23)	45,000.00	17.33%	
73,097.94		31,788.56	(58,690.62)	263,577.12	27.73%	
236.94		236.94	-	473.88	50.00%	
31,500.00		20,000.00	11,500.00	40,000.00	78.75%	
2,025.00		25,000.00	(22,975.00)	50,000.00	4.05%	
907.00		42,832.59	(41,925.59)	85,665.18	1.06%	
1,405.00		1,405.00	-	2,810.00	50.00%	
-		25,000.00	(25,000.00)	50,000.00	0.00%	

1,578.18		
1,669.50	
(91.32)	
3,339.00	
47.27%	
832.70		1,575.00	(742.30)	3,150.00	26.43%	
43,376.46		43,376.45	0.01	86,752.89	50.00%	
-		6,300.00	(6,300.00)	12,600.00	0.00%	
369.74		630.00	(260.26)	1,260.00	29.34%	
650.48		3,150.00	(2,499.52)	6,300.00	10.33%	
309.94		787.50	(477.56)	1,575.00	19.68%	

-		
7,500.00	
(7,500.00)	
15,000.00	
0.00%	

1,464.00		
5,000.00	
(3,536.00)	
10,000.00	
14.64%	
5,331.78		7,500.00	(2,168.22)	15,000.00	35.55%	

18,000.06		
18,000.00	
0.06	
36,000.00	
50.00%	

-		
10,000.00	
(10,000.00)	
20,000.00	
0.00%	
-		1,180.00	(1,180.00)	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	$	207,264.23	$	394,281.54	$  (187,017.31)	$	788,563.07	26.28%

		Actual			Budget			Variance	FY 2023 Adopted Budget		Percentage Spent	

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

$	

825.30
17,507.94
- 191.19
- 1,697.16		

$	

4,000.00
17,909.75
5,000.00
9,850.00
1,750.00
1,250.00		

$	

(3,174.70)
(401.81)
(5,000.00)
(9,658.81)
(1,750.00)
447.16	

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

10.32%
48.88%
0.00%
0.97%
0.00%
67.89%	
Total Wellspring Blvd./Performance Drive Expenses	$	20,221.59		$	39,759.75		$	(19,538.16)	$	79,519.50		25.43%	

Total Expenses	
$	
284,342.77		
$	
510,441.29		
$	
(226,098.52)	
$  1,020,882.57		
27.85%	

Income (Loss) from Operations	
$	
606,828.51		
$	
(350.00)		
$	
607,178.51		
$	
(700.00)			

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

$
$	

10,380.64
10,380.64		

$
$	

350.00
350.00		

$
$	

10,030.64
10,030.64	

$	700.00
$	700.00		

1482.95%
1482.95%	
Net Income (Loss)	$	617,209.15		$	-		$	617,209.15		$	-			

Myrtle Creek Improvement District Cash Flow

FY22 Inflows	FY22 Outflows	FY23 Inflows	FY23 Outflows	End. Cash	
			-			
5,596.22	(78,298.26)	-	(8,350.00)	621,925.83		
12,921.80	(66,357.64)	7.89	(8,000.00)	560,497.88		
-	(2,107.50)	145,500.50	(57,375.76)	646,515.12		
-	-	393,342.81	(327,921.27)	711,936.66		
-	-	579,560.01	(68,028.87)	1,223,467.80		
-	-	765,354.97	(823,751.50)	1,165,071.27		
-	-	122,182.72	(58,093.18)	1,229,160.81		
-	-	-	(223.25)	1,228,937.56	as of 04/12/2023	

Beg. Cash

9/1/2022	702,977.87	
10/1/2022	621,925.83	
11/1/2022	560,497.88	
12/1/2022	646,515.12	
1/1/2023	711,936.66	
2/1/2023	1,223,467.80	
3/1/2023	1,165,071.27	
4/1/2023	1,229,160.81	

Totals	2,249,894.17	(2,131,389.58)	2,005,948.90	(1,351,743.83)

Myrtle Creek Improvement District Construction Tracking - mid-April

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		227,615.07
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	409,650.96

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	409,650.96

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

Total Committed	$	-
==========	
Net Uncommitted		409,650.96