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, May 9, 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 April 18, 2023, Board of Supervisors’ Meeting
Letter from Supervisor of Elections – Orange County

Business Matters
Recognition of Supervisor Shenai by Congressman Darren Soto in Honor of Asian American and Pacific Islander Heritage Month
Discussion of Construction Committee Members
Consideration of Resolution 2023-04, Approving a Preliminary Budget for Fiscal Year 2024 and Setting a Public Hearing Date [suggested date of August 15, 2023] (exhibits provided under separate cover)
Consideration of Pest Control Proposals
Ratification of Operation and Maintenance Expenditures Paid in April 2023 in an amount totaling $39,597.11
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 April 18, 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, April 18, 2023, at 5:00 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando,
FL 32827.	
Present:	
Bob Da Silva Kyle Scholl John Lynaugh Marsha Leed
Kam Shenai	Chairman Assistant Secretary Assistant Secretary Assistant Secretary
Vice Chairman	(joined @ 5:02 pm)	

Also attending:

Jennifer Walden	PFM		
Lynne Mullins	PFM	(via phone)	
Amanda Lane	PFM	(via phone)	
Jeffrey Newton	Donald W. McIntosh Associates		
Matt McDermott	Construction Committee Member		
Larry Kaufmann	Construction Supervisor	(via phone)	
Tucker Mackie	Kutak Rock		
Katie Harmer	Berman	(via phone)	

SECOND ORDER OF BUSINESS	Public Comment Period

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

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

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

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

FOURTH ORDER OF BUSINESS	Review of Fiscal Year 2024 Operations & Maintenance Budget

Ms. Walden stated no action is required on this item, but District staff wanted to provide the budget for the Board to review and give feedback. The Board will be adopting the proposed budget at the next meeting.

Discussion ensued regarding the landscaping budget and the need for trail repairs.

FIFTH ORDER OF BUSINESS	Review and Acceptance of Arbitrage Rebate Report for the Series 2016A Bonds

Ms. Walden stated Arbitrage Rebate Counselors, LLC provided the report and they indicated there's no cumulative rebatable arbitrage liability as of September 14, 2021. The Board will need to accept this report for the record.

Ms. Leed asked about an item in the report that listed the District earned $91,000.00 less on its investments during a computation period. Ms. Mackie responded that is a good thing because if the District is earning arbitrage on the Bonds, then the District is making money by continuing to sit on proceeds above the tax exempt rate. That’s not money that the District would be allowed to keep as it would need to be provided to the IRS.

On motion by Ms. Leed, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District accepted the Arbitrage Rebate Report for the Series 2016A Bonds.

SIXTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in March 2023 in an amount totaling
$58,093.18

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

On motion by Mr. Scholl, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in March 2023 in an amount totaling $58,093.18.

SEVENTH ORDER OF BUSINESS	Recommendation of Work Authorization/Proposed Services

Mr. Kaufmann stated there were no Work Authorizations.

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

Ms. Walden stated the financials are listed through March and the District has expenses of $284,000.00 versus a little over $1,000,000.00 budget. This equates to about 28% of the budget being spent so far.

Mr. Scholl stated that he supports the idea that the District needs to spend money on safety items like trail improvements. He asked if there is room in the budget to commission a local artist to decorate Lake Nona Boulevard now that a lot of the construction has been done. The Board discussed this idea and if it is something Tavistock or other entities would like to be involved with. Mr. Shenai stated he has been communicating with Craig Collin at Tavistock about artwork in the District, and it is something they are looking into. Ms. Mackie noted the District has the ability to make enhancements and use the funds available for such items, but it's the City's right-of-way, and the permit currently only allows the District to maintain existing landscaping and irrigation. The District would have to involve the City to the extent that the District would be locating something that from a traffic perspective might be problematic given its location. Further discussion ensued regarding areas of placement of potential items.

NINTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.

District Manager –	Ms. Walden stated the next scheduled meeting is the second Tuesday of
the month, which is May 9, 2023. Mr. Shenai, Ms. Leed and Mr. Da Silva all confirmed they would be in attendance.

Ms. Leed asked about the $400,000.00 that is in the account for the ponds. Ms. Mackie replied that the Boggy Creek ID Board approved a Work Authorization today for new metes and bounds descriptions so that the land can be acquired. It’s anticipated that at the June meeting the acquisition item will come back to the Board.

Ms. Walden noted the District has the Construction Committee Meetings that meet every other week at the District Engineer’s office. District staff is changing locations to be held at the Tavistock office and will move forward with meeting only once a month. The meetings will be held on May 4, 2023, June 15, 2023, July 13, 2023, August 10, 2023, and September 7, 2023.

District Engineer –	Mr. Newton stated the update for the Performance Drive project and the
roundabout on Lake Nona Boulevard is that they are in review by the City.

Construction Supervisor –	No report.
.

Landscape Supervisor –	Mr. McDermott stated for the Narcoossee entrance, the Advent Health
Contractor finally moved in and started doing their work. There have been three broken irrigation issues already. He noted that he will bring an update to the June meeting as he is not sure the work will be done by the May meeting date. That update will include a fully thought-out proposal and price, which he will be looking for the Board’s approval to use those funds.

Mr. McDermott stated for maintenance, District staff will be reaching out to BrightView a little more often as there's a lot of sod issues both in the median and on the east side of the road.

Mr. Shenai mentioned the floodlight on the monument being out for five months and is concerned about why the light can’t be replaced. Mr. McDermott responded that it’s not the District’s property and the District doesn’t have authorization to change it. Discussion ensued regarding solutions to this item. District staff stated they will continue to follow up with OUC regarding getting the issue fixed.

Irrigation Supervisor –	No report.

TENTH ORDER OF BUSINESS	Supervisor Requests

No Supervisor requests.

ELEVENTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the April 18, 2023, Meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

MYRTLE CREEK IMPROVEMENT DISTRICT

Letter from Supervisor of Elections – Orange County

April 15, 2023

Jennifer Walden, Senior District Manager Myrtle Creek Improvement District
PFM Group Consulting LLC
3501 Quandrangle Boulevard, Suite 270
Orlando Fl 32817 Dear Ms. Walden:
Per the requirements of Chapter 190.006, Florida Statutes, the Orange County Supervisor of Elections Office Mapping Department has determined the number of registered voters in the Improvement District as of April 15, 2023. Our research is based on the most recent legal description provided to us by the District Office.

As of April 15, 2023, there are 2,454 registered voters in the Myrtle Creek Improvement District

A map and list of addresses can be provided upon request. If you have any questions or corrections, please contact the Mapping Department at 407-254-6554.

Sincerely,

Mapping Department
Orange County Supervisor of Elections Phone: 407-254-6554
119 W. Kaley St Orlando, FL 32806
soemapping@ocfelections.gov

119 West Kaley Street, Orlando ■ Reply to: Post Office Box 562001, Orlando, Florida 32856 Phone (407) 836-2070 ■ Fax (407) 254-6596 ■ TDD (407) 422-4833 ■ Internet: www.ocfelections.gov

MYRTLE CREEK IMPROVEMENT DISTRICT

Recognition of Supervisor Shenai
by Congressman Darren Soto in Honor of Asian American and Pacific Islander Heritage Month

Jennifer Walden

Subject:	FW: Sharing news

Kam “Congratulations!
As we celebrate Asian American and Pacific Islander Heritage Month, Congressman Darren Soto would like to acknowledge the accomplishments of several community leaders across Central Florida who are doing great work to help our community.

We have seen the work you are doing, and the Congressman has selected you as one of the honorees for this month. This distinction means that your biography will be read into the congressional record by Congressman Soto.
We will be hosting an in-person ceremony with Congressman Soto on Friday, May 26th. Please reply to this email to RSVP to this event.

We look forward to seeing you soon and thank you for your leadership within the community. Julian Duque Press Secretary | Congressman Darren Soto (FL–09)
Sent from my iPhone

1

MYRTLE CREEK IMPROVEMENT DISTRICT

Discussion of Construction Committee Members

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2023-04,
Approving a Preliminary Budget for Fiscal Year 2024 and Setting a Public Hearing Date
(exhibit provided under separate cover)

RESOLUTION 2023-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT APPROVING PROPOSED BUDGET(S) FOR FISCAL YEAR 2023/2024 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Myrtle Creek Improvement District (“District”) prior to June 15, 2023, proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2023, and ending September 30, 2024 (“Fiscal Year 2023/2024”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

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

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2023/2024 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:		, 2023

HOUR:		 p.m.

LOCATION:	Courtyard Orlando Lake Nona 6955 Lake Nona Blvd.
Orlando, Florida 32827

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT(S).
The District Manager is hereby directed to submit a copy of the Proposed Budget to the local general- purpose governments at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this

Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 9TH DAY OF MAY 2023.

ATTEST:	MYRTLE CREEK IMPROVEMENT DISTRICT

Secretary / Assistant Secretary	Chair/Vice Chair, Board of Supervisors

Exhibit A:	Proposed Budget

MYRTLE CREEK IMPROVEMENT DISTRICT

Pest Control Proposals

Fire Ant Treatment Quotes
	Fire Ant Control	Massey	Tru Green	
MCID	$2,810.00	$2,510.00	$0.00	
				
Notes	Current Vendor		Passed on bidding	

Current Budget Amount	$2,810

customcrcare@MasscyServiccs.com MasscyScrviccs.com • 1-888-2MASSEY (262--7739)

Landscape Renovati	n
I  

1riVt£ l-A/l..GlrkCCoJi?f,P				

First Name	Ml	Last Name

E-mail Address	Primary Phone (Mobile/Work/Home)

m	.J,	l_tsrAd	-				

Address of Treated Structure
- ---PL--3- 7--
City	State	Zip	County

Billing Address (if different)	Alternate Phone (Mobile/Work/Home)

City	State	Zip	County	Massey Services Address/Phone

[J Plugging	□Soil.	CJ Plant
Conditioning	Installation	□ Irrigation Installation	[J Irrigation Re11air	Cl Irrigation Mamtcnance	
-		
 		 		s 		 		
		s	I T pe-,	e-tlv-	

0 Sodding

SQ FT	 SQ FT·	SQ FT

0 Irrigation Maintenance: We arc on your property 9.!!.!l!'ter.!y to provide the following services for your irrigation system:

IRRIGATION MAINTENANCE Service
Including:
Quarterly Irrigation Inspection
Check, Set and Adjust Timer
Adjustments/Cleaning of Sprinkler Heads
Preferred customer pricing on repairs (Estimates will be provided for all repairs)

Irrigation Specifications:
# of Heads -----
#ofZones 	
Timer Location		
Areas that need repair by customer:
(see inspection graph and renovation agreement):

Pricing Agreement: Initial Repair Service Quarterly Service Charge First Year Annual Amount
5% Pay in Advance Discount Discounted Annual Amount

$	
$	 _
s	
$�----�
$

C!.<M'lf½?k	AL	,ti	y 	j
l-----'<"'-'-=t'	--1!>-t-u-U -W'-t-7-±;,p_ GSS.	1
-

	Irrigation																
	Other																
		
In consideration for work to be performed as itemized above and subj eel to the General Terms and
Conditions recorded below, the undersigned agrees to make paylllent as follows:	Credit Card, ACI-l/Elcctrnnic Funds Transfer, & Autopay Authorization''
(Details on back)	
lNITlAL TREArMENT	$ 		Acct Type: D Checking D Savings D Credit Card 	 _	
OTHER SERVICES	$ 		Financial Institution/City/St			
TAX	%	£ 	 _
TOTAL AMOUNT DUEt "Tltf-	s --2,.t_Sj  Q_
LESS DOWN PAYMENT	{-}-J.JM.t.JK- $ 		Nallle on Card/Acct: 			 _ CC#			exp date 		 _
A BA/Transit# 	 Acct/I- 	 _	
BALANCE DUE UPON COMPLETION	'-------	Use for: D Regular Svcs  D Renewals  0  Initial Only
	 Customer Approval to Debit Acct and/or Charge Card as indicated above and for the	
	amounts shown in Service Charges.	
.  This Service Agreement is for the services indicated above and covers the areas identified on \he Inspection Graph.
This Service Agreement does not constilutc warranty against loss of plant malerial from improper cultural habits, natural decline due to age, or adverse weather conditions such as drought, freeze or flooding.
The guarantee on installed equipment is through the manufacturer warranty and will be replaced by Massey Services if it is within the specified warranty period and broken through normal wear and tear.
-	~-	You, the Buyer, can cancel this transaction at any time prior t.o midnight of the third business day after the date of this transaction, by giving \vrittcn notice or cancellation by registered

	JJ 44	4	

lllail to MASSEY SERVICES, lNC. FOR CCIACH: Customer agrees to notify Massey Services in writing if any change occurs with the credit card or bank account or al least 30 days prior to the intent to cancel and/or revoke this authorization. Notifications need to be sent to Massey Services, Inc., Attn: Accounts Receivable, 315 Groveland Street, Orlando, FL 32804. For additional information, please call 1.888.262.7739 (M-F, 8am-8pm EST) or email us ,\usromercarc@masseyservices.com.

 	
Custorncr Signature/Date	Massey Services Representative/Dale	GM Approval/Date

SERVICE CENTER COPY

MS-084A 11/21

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in April 2023 in an amount totaling $39,597.11

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 April 1, 2023 through April 30, 2023. This does not include expenditures previously approved by the Board.

The total items being presented:    $39,597.11

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

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

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #133
3/17/2023

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursement for Construction-Related Legal Advertising on Req 288	OSC69248993	$	48.40	
		
TOTAL	
$	
48.40	

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #577
3/31/2023

Item No.

Payee	Invoice
Number

General Fund

1	Orlando Sentinel

Legal Advertising on 03/13/2023 (Ad: 7392472)	OSC69963223	$	223.25

          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

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #578

4/14/2023		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	April Waterway Service	82196	$	325.00	
2	Arbitrage Rebate Counselors			
	5-Year Arbitrage Report for 09/2016 - 09/2021		$	1,750.00	
3	Berman Construction			
	April Administrator & Irrigation Specialist	35669	$	3,000.01	
4	Boggy Creek Improvement District			
	March ICM Expenses	ICM2023-06	$	7,775.99	
5	BrightView Landscape Services			
	Timer Replacements	8295445	$	2,09847	
	April Landscape Maintenance	8343200	$  15,100.98	
6	Donald W McIntosh Associates			
	Engineering Services Through 03/24/2023	44009	$	571 02	

7	ouc
Acct: 4782400001 ; Service 03/01/2023 - 04/03/2023		

$	3,857.32	
8	PFM Group Consulting			
	OM Fee: April 2023	DM-04-2023-32	$	3,541.67	
9	VGlobalTech
Jul. - Sep. 2022 Quarterly ADA Audits	
4298	
$	300.00	
	Oct. - Dec. 2022 Quarterly ADA Audits	4549	$	300.00	

\·
·.	Feb. 2023 Website Maintenance
Mar. 2023 Website Maintenance	4751
4823	$	135.00
$	135.00	
	Jan. - Mar. 2023 Quarterly ADA Audits	4872	$	300.00	
	Apr. 2023 Website Maintenance	4964	$	135.00	

4lv\

Vi	cy/Ass;staot Seccetacy
1 ,. C""' ,moo memDo<,ci
,	c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723--5925

Chairperson

MYRTLE CREEK IMPROVEMENT DISTRICT

Work Authorization/Proposed Services
(if applicable)

MYRTLE CREEK IMPROVEMENT DISTRICT

District’s Financial Position and Budget to Actual YTD

Myrtle Creek Improvement District
Statement of Financial Position As of 4/30/2023

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$1,153,611.29				
68,906.04				
4,136.71				
5,000.00				
58,408.26				
4,300.00				
213,583.04				
	$78,654.65			
	37,932.90			
	340,801.79			
	1,203,807.91			
	1,503.39			
			$720.15	
			411,095.39	
$1,507,945.34	$1,662,700.64		$411,815.54	
$0.00	$0.00		$0.00	
$1,507,945.34	$1,662,700.64		$411,815.54	

General Long- Term Debt		Total	

$0.00		

$1,153,611.29
68,906.04
4,136.71
5,000.00
58,408.26
4,300.00
213,583.04
78,654.65
37,932.90
340,801.79
1,203,807.91
1,503.39
720.15
411,095.39
$3,582,461.52	

$1,546,113.09 13,563,886.91
$15,110,000.00		
$1,546,113.09 13,563,886.91
$15,110,000.00	
$15,110,000.00		$18,692,461.52	

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

Myrtle Creek Improvement District

General Long- Term Debt		Total	

$0.00		

$4,746.02 8,176.73
58,408.26
78,654.65
720.15
720.15
$151,425.96	

$15,110,000.00
$15,110,000.00		
$15,110,000.00
$15,110,000.00	
$15,110,000.00		$15,261,425.96	

$0.00

$15,110,000.00		

$1,285,711.94 (409,756.02)
560,658.41

1,253,347.79
330,698.20

(417,951.06)
821,825.46
6,500.84

$3,431,035.56

$18,692,461.52	

Statement of Financial Position As of 4/30/2023

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

8,176.73
58,408.26

$71,331.01		

$78,654.65

$78,654.65		

$720.15 720.15
$1,440.30	
$0.00		$0.00		$0.00	
$71,331.01		$78,654.65		$1,440.30	

$1,285,711.94 (409,756.02)
560,658.41

$1,436,614.33		

$1,253,347.79 330,698.20

$1,584,045.99		

($417,951.06) 821,825.46
6,500.84

$410,375.24	
					
$1,507,945.34		$1,662,700.64		$411,815.54	

$4,746.02

Capital Projects Fund

Myrtle Creek Improvement District
Statement of Activities As of 4/30/2023	
	
General Fund	
Debt Service	
Capital Projects Fund	
General Long- Term Debt	
Total	

Revenues

On-Roll Assessments
Other Income & Other Financing Sources On-Roll Assessments
Developer Contributions
Total Revenues	

$878,409.28				

$878,409.28	
	631.24				631.24	
		$1,182,897.46			1,182,897.46	
			$303.75		303.75	

$879,040.52	

$1,182,897.46	

$303.75	

$0.00	

$2,062,241.73	
Expenses						
Supervisor Fees	$5,200.00				$5,200.00	
Public Officials' Liability Insurance	3,892.00				3,892.00	
Trustee Services	6,775.32				6,775.32	
Management	24,791.69				24,791.69	
Engineering	2,773.92				2,773.92	
Disclosure	250.00				250.00	
Property Appraiser	2,013.69				2,013.69	
District Counsel	8,333.86				8,333.86	
Assessment Administration	7,500.00				7,500.00	
Reamortization Schedules	125.00				125.00	
Arbitrage Calculation	1,750.00				1,750.00	
Travel and Per Diem	39.48				39.48	
Postage & Shipping	7.98				7.98	
Legal Advertising	1,626.50				1,626.50	
Miscellaneous	5.88				5.88	
Meeting Room	190.08				190.08	
Office Supplies	245.00				245.00	
Web Site Maintenance	1,845.00				1,845.00	
Holiday Decorations	600.00				600.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	872.70				872.70	
Entry Lighting	139.45				139.45	
Water Reclaimed	15,631.72				15,631.72	
Aquatic Contract	2,275.00				2,275.00	
General Liability Insurance	4,458.00				4,458.00	
Irrigation	11,353.78				11,353.78	
Landscaping Maintenance & Material	105,983.29				105,983.29	
Tree Trimming	31,500.00				31,500.00	

Myrtle Creek Improvement District
Statement of Activities As of 4/30/2023

	General Fund		Debt Service		Capital Projects Fund		General Long- Term Debt		Total	
Flower & Plant Replacement	2,025.00								2,025.00	
Contingency	907.00								907.00	
IME - Aquatics Maintenance	1,841.21								1,841.21	
IME - Irrigation	1,160.77								1,160.77	
IME - Landscaping	50,605.87								50,605.87	
IME - Lighting	445.21								445.21	
IME - Miscellaneous	650.48								650.48	
IME - Water Reclaimed	551.20								551.20	
Pest Control	1,405.00								1,405.00	
Entry and Wall Maintenance	1,464.00								1,464.00	
Streetlights	6,404.84								6,404.84	
Personnel Leasing Agreement	21,000.07								21,000.07	
Principal Payments			$610,000.00						610,000.00	
Interest Payments			257,800.00						257,800.00	
District Counsel					$671.00				671.00	
Legal Advertising					352.90				352.90	
Total Expenses	$328,814.99		$867,800.00		$1,023.90		$0.00		$1,197,638.89	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$10,432.88								$10,432.88	
Interest Income			$15,600.17						15,600.17	
Dividends Income			0.57						0.57	
Interest Income					$7,220.49				7,220.49	
Dividends Income					0.50				0.50	
Total Other Revenues (Expenses) & Gains (Losses)	$10,432.88		$15,600.74		$7,220.99		$0.00		$33,254.61	
Change In Net Assets	$560,658.41		$330,698.20		$6,500.84		$0.00		$897,857.45	

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	
$1,436,614.33		
$1,584,045.99		
$410,375.24		
$0.00		
$3,431,035.56	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 4/30/2023

Actual	Budget	Variance

FY 2023	Percentage Adopted Budget		Spent

$	926,792.93	$	595,106.50	$	331,686.43	$  1,020,182.57	90.85%	

$	

5,200.00	

$	

7,000.00	

$	

(1,800.00)	

$	12,000.00	

43.33%	
	
3,892.00		
2,721.25		
1,170.75	
4,665.00	
83.43%	
	6,775.32		5,833.33		941.99	10,000.00	67.75%	
	24,791.69		24,791.67		0.02	42,500.00	58.33%	
	2,773.92		5,833.33		(3,059.41)	10,000.00	27.74%	
	250.00		4,083.33		(3,833.33)	7,000.00	3.57%	
	2,013.69		1,166.67		847.02	2,000.00	100.68%	
	8,333.86		14,583.33		(6,249.47)	25,000.00	33.34%	
	7,500.00		4,375.00		3,125.00	7,500.00	100.00%	
	125.00		145.83		(20.83)	250.00	50.00%	
	-		2,333.33		(2,333.33)	4,000.00	0.00%	
	1,750.00		525.00		1,225.00	900.00	194.44%	
	39.48		175.00		(135.52)	300.00	13.16%	
	-		29.17		(29.17)	50.00	0.00%	
	7.98		583.33		(575.35)	1,000.00	0.80%	
	-		1,166.67		(1,166.67)	2,000.00	0.00%	
	1,626.50		3,791.67		(2,165.17)	6,500.00	25.02%	
	-		210.00		(210.00)	360.00	0.00%	
	5.88		5,541.65		(5,535.77)	9,500.00	0.06%	
	190.08		233.33		(43.25)	400.00	47.52%	
	245.00		145.83		99.17	250.00	98.00%	
	-		1,458.33		(1,458.33)	2,500.00	0.00%	
	1,845.00		1,575.00		270.00	2,700.00	68.33%	
	600.00		729.17		(129.17)	1,250.00	48.00%	
	175.00		102.08		72.92	175.00	100.00%	

Revenues

On-Roll Assessments	$	878,409.28	$	547,354.09	$	331,055.19	$	938,321.30	93.61%	
Other Income & Other Financing Sources	631.24	-	631.24	-		
Carryforward Revenue	47,752.41	47,752.41	-	81,861.27	58.33%	
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	$	68,140.40	$	89,133.30	$	(20,992.90)	$	152,800.00	44.59%	

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 4/30/2023

Actual	Budget	Variance	Adopted Budget	Spent	

$	642.93	

$	

875.00	

$	(232.07)	

$	1,500.00	

42.86%	
139.45		291.67	(152.22)	500.00	27.89%	

13,545.37		
11,666.67	
1,878.70	
20,000.00	
67.73%	

2,275.00		
2,333.33	
(58.33)	
4,000.00	
56.88%	
-		2,916.67	(2,916.67)	5,000.00	0.00%	

4,458.00		
2,625.00	
1,833.00	
4,500.00	
99.07%	
-		991.67	(991.67)	1,700.00	0.00%	
-		291.67	(291.67)	500.00	0.00%	
10,528.48		26,250.00	(15,721.52)	45,000.00	23.40%	
85,280.93		53,753.32	(68,472.39)	263,577.12	32.36%	
276.43		276.43	-	473.88	58.33%	
31,500.00		23,333.33	8,166.67	40,000.00	78.75%	
2,025.00		29,166.67	(27,141.67)	50,000.00	4.05%	
907.00		49,971.36	(49,064.36)	85,665.18	1.06%	
1,405.00		1,639.17	(234.17)	2,810.00	50.00%	
-		29,166.67	(29,166.67)	50,000.00	0.00%	

1,841.21		
1,947.75	
(106.54)	
3,339.00	
55.14%	
1,160.77		1,837.50	(676.73)	3,150.00	36.85%	
50,605.87		50,605.85	0.02	86,752.89	58.33%	
-		7,350.00	(7,350.00)	12,600.00	0.00%	
445.21		735.00	(289.79)	1,260.00	35.33%	
650.48		3,675.00	(3,024.52)	6,300.00	10.33%	
551.20		918.75	(367.55)	1,575.00	35.00%	

-		
8,750.00	
(8,750.00)	
15,000.00	
0.00%	

1,464.00		
5,833.33	
(4,369.33)	
10,000.00	
14.64%	
6,404.84		8,750.00	(2,345.16)	15,000.00	42.70%	

21,000.07		
21,000.00	
0.07	
36,000.00	
58.33%	

-		
11,666.67	
(11,666.67)	
20,000.00	
0.00%	
-		1,376.67	(1,376.67)	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	$	237,107.24	$	459,995.15	$  (222,887.91)	$	788,563.07	30.07%

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 4/30/2023

		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
20,425.93
- 229.77
- 2,086.35		

$	

4,666.67
20,894.71
5,833.33
11,491.67
2,041.67
1,458.33		

$	

(3,841.37)
(468.78)
(5,833.33)
(11,261.90)
(2,041.67)
628.02	

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

10.32%
57.02%
0.00%
1.17%
0.00%
83.45%	
Total Wellspring Blvd./Performance Drive Expenses	$	23,567.35		$	46,386.38		$	(22,819.03)	$	79,519.50		29.64%	

Total Expenses	
$	
328,814.99		
$	
595,514.83		
$	
(266,699.84)	
$  1,020,882.57		
32.21%	

Income (Loss) from Operations	
$	
597,977.94		
$	
(408.33)		
$	
598,386.27		
$	
(700.00)			

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

$
$	

10,432.88
10,432.88		

$
$	

408.33
408.33		

$
$	

10,024.55
10,024.55	

$	700.00
$	700.00		

1490.41%
1490.41%	
Net Income (Loss)	$	608,410.82		$	-		$	608,410.82		$	-			

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 4/30/2023

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

Revenues
On-Roll Assessments
Other Income & Other Financing Sources 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	

$	

28,168.64
631.24
6,821.77	
	$	6,821.77	$	67,799.35	$ 174,004.81	$ 253,790.81	$	333,801.56	$	54,952.98	$	35,621.65	
General & Administrative Expenses													
Legislative													
Supervisor Fees	$	-	$	1,800.00	$	800.00	$	-	$	800.00	$	800.00	$	1,000.00	
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		3,541.67	
Engineering		-		-	1,219.38	187.50		-		796.02		571.02	
Disclosure		-		-	-	250.00		-		-		-	
Property Appraiser		-		-	-	-		2,013.69		-		-	
District Counsel		-		-	3,317.01	-		1,309.15		894.50		2,813.20	
Assessment Administration		7,500.00		-	-	-		-		-		-	
Reamortization Schedules		-		125.00	-	-		-		-		-	
Audit		-		-	-	-		-		-		-	
Arbitrage Calculation		-		-	-	-		-		-		1,750.00	
Travel and Per Diem		-		-	17.80	7.60		-		-		14.08	
Telephone		-		-	-	-		-		-		-	
Postage & Shipping		-		-	0.57	0.57		-		6.84		-	
Copies		-		-	-	-		-		-		-	
Legal Advertising		-		249.50	484.00	223.25		-		446.50		223.25	
Bank Fees		0.20		(0.20)	-	-		-		-		-	
Miscellaneous		-		0.97	0.98	0.99		0.98		0.98		0.98	
Meeting Room		-		-	53.54	72.29		-		-		64.25	
Office Supplies		-		-	-	-		-		245.00		-	
Property Taxes		-		-	-	-		-		-		-	
Web Site Maintenance		-		-	-	405.00		135.00		-		1,305.00	
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	$	11,283.45	

Field Operations													
Electric Utility Services													
Electric	$	-	$	105.41	$	107.80	$	110.88	$	107.63	$	104.53	$	106.68	
Entry Lighting		-		19.52	19.52	23.87		25.28		24.99		26.27	
Water-Sewer Combination Services													
Water Reclaimed		-		3,042.39	2,759.30	2,075.15		1,768.17		1,677.80		2,222.56	
Stormwater Control													
Aquatic Contract		325.00		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		-		2,729.71	

$	YTD Actual

878,409.28
631.24
47,752.41	
$

$	926,792.93

5,200.00

3,892.00
6,775.32
24,791.69
2,773.92
250.00
2,013.69
8,333.86
7,500.00
125.00
- 1,750.00
39.48
- 7.98
- 1,626.50
- 5.88
190.08
245.00
- 1,845.00
600.00
175.00	
$

$	68,140.40

642.93
139.45

13,545.37

2,275.00
-

4,458.00
-
- 10,528.48	

				Myrtle Creek Improvement District										
				Budget to Actual										
				For the Month Ending 4/30/2023										
		
Oct-22		
Nov-22	Dec-22	Jan-23			
Feb-23			
Mar-23			
Apr-23	
Landscaping Maintenance & Material														
District Landscaping		-		24,365.98	24,365.98	-			12,182.99			12,182.99			12,182.99	
Gateway Road Landscaping		39.49		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			263.03	
IME - Irrigation		-		-	-	832.70			-			-			328.07	
IME - Landscaping		7,229.41		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			75.47	
IME - Miscellaneous		-		-	-	-			554.40			96.08			-	
IME - Water Reclaimed		-		76.94	64.34	23.47			68.90			76.29			241.26	
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			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			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		$	29,843.01	

Wellspring Blvd./Performance Drive Expenses														
Irrigation Repairs	$	-		$	-	$	825.30	$	-		$	-		$	-		$	-	
Landscaping		-		5,835.98	5,835.98	-			2,917.99			2,917.99			2,917.99	
Flower & Plant Replacement		-		-	-	-			-			-			-	
Lighting		-		37.94	38.06	38.72			38.30			38.17			38.58	
Miscellaneous		-		-	-	-			-			-			-	
Water Reclaimed		-		517.29	223.22	399.76			281.76			275.13			389.19	
Total Wellspring Blvd./Performance Drive	$	-		$	6,391.21	$	6,922.56	$	438.48		$	3,238.05		$	3,231.29		$	3,345.76	
Expenses														
Total Expenses	 $ 	30,423.81 		 $  87,304.66    $  66,799.54    $  21,661.33 		 $		39,597.26 		 $ 	38,556.17 		 $ 	44,472.22 	
Income (Loss) from Operations	$	(23,602.04)		$ (19,505.31)	$ 107,205.27	$ 232,129.48		$	294,204.30		$	16,396.81		$	(8,850.57)	
Other Income (Expense)														
Interest Income	$	41.47		$	42.51	$	963.67	$	52.86		$	53.30		$	9,226.83		$	52.24	
Total Other Income (Expense)	$	41.47		$	42.51	$	963.67	$	52.86		$	53.30		$	9,226.83		$	52.24	
Net Income (Loss)	$	(23,560.57)		$ (19,462.80)	$ 108,168.94	$ 232,182.34		$	294,257.60		$	25,623.64		$	(8,798.33)	

 
YTD Actual	

85,280.93	
276.43	
31,500.00	
2,025.00	
907.00	
1,405.00	
-	
1,841.21	
1,160.77	
50,605.87	
-	
445.21	
650.48	
551.20	
-	
1,464.00	
6,404.84	
21,000.07	
-	
-	
$	237,107.24	

$	
825.30	
	20,425.93	
	-	
	229.77	
	-	
	2,086.35	
$	23,567.35	

$	
328,814.99	

$	
597,977.94	

$	
10,432.88	
$	10,432.88	
$	608,410.82	

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		
-	-	66,795.70	(142,345.22)	1,153,611.29		
-	-	-	-	1,153,611.29	as of 05/04/2023	

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	
5/1/2023	1,153,611.29	

Totals	2,249,894.17	(2,131,389.58)	2,072,744.60	(1,493,865.80)

Myrtle Creek Improvement District Construction Tracking - early May

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		229,059.50
Cumulative Draws Through Prior Month	(331,389.43)
==========
Construction Funds Available	$	411,095.39

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	411,095.39

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

Total Committed	$	-
==========	
Net Uncommitted		411,095.39