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 (provided under separate cover)

Business Matters
Review of Fiscal Year 2024 Operations & Maintenance Budget (provided under separate cover)
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

Minutes of the March 21, 2023, Board of Supervisors’ Meeting
(provided under separate cover)

Fiscal Year 2024 Operations and Maintenance Budget
(provided under separate cover)

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.)

32 Whitemarsh Road, Ardmore, PA 19003 Tel. 610-764-7998 Email: jcrogers279@gmail.com

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.

32 Whitemarsh Road, Ardmore, PA 19003 Tel. 610-764-7998  Email: jcrogers279@gmail.com

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

Qfili:	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	$2743847111	$27 438 471 11	

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

Page B-2 (B)

Proof of Yield - 2016A Bonds

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.QQ	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	o.oo	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	864.51	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	
						Pqe C-1 (Continued)								

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 /			Future	Invested{-)/				tation		Future	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	
						Page C-1 (Continued)								

Acguistion & Construction Fund	Debt Service Reseiye Fund	Compu-	2016A Bond Yield	Yield

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	1.02190229	(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	1.02146826	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	0	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

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

BANK ID: SUN - CIT% NATIONAL BANK

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

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	Berman 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	KutakRock				
		General Counsel Through 12/31/2022	3170023	$	955.65		
	5	VGlobalTech				
		January Website Maintenance	4660	$	135.00		
			
TOTAL	
$  20,479.64		

Chairperson

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

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

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

Received on Saturday, March 11, 2023 - Alane

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

Received on Saturday, March 11, 2023 - Alane

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 cJo 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	Payee	Invoice	General	
No.		Number	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
OM 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
LaneA@pfm.com II (407) 723-5925

RECEIVED
By  Amanda Lane at 8:47 am, Mar 20, 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 II (407) 723-5925

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

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

Page 1 of 2

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

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

Total Liabilities

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

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

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

Total Net Assets

Total Liabilities and Net Assets

General Fund	Debt Service

Liabilities and Net Assets

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

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	

Page 2 of 2

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	

Page 1 of 2

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	

Page 2 of 2

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	

Page 1 of 2

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	

Page 2 of 2

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%	

Page 1 of 3

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%

Page 2 of 3

		Actual			Budget			Variance	FY 2023 Adopted Budget		Percentage Spent	

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

$	

825.30
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		$	-			

Page 3 of 3

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