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 4:00 p.m. on Tuesday, August 15, 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 June 20, 2023, Board of Supervisors’ Meeting
Consideration of Resolution 2023-05, Approving an Annual Meeting Schedule for Fiscal Year 2024

Business Matters
Consideration of Prequalified Contractors Extension
Consideration of Extending Annual Renewal for Lake Nona Central – Boulevard and Roadways Landscape and Irrigation Maintenance Services Agreement with BrightView
Consideration of District Management Fee Increase Letter for FY 2024
Public Hearing on the Adoption of the District’s Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2023-06, Adopting the Fiscal Year 2024 Budget and Appropriating Funds
Consideration of Resolution 2023-07, Adopting an Assessment Roll for Fiscal Year 2024 and Certifying Special Assessments for Collection
Ratification of Operation and Maintenance Expenditures Paid in June 2023 in an amount totaling $13,165.33
Ratification of Operation and Maintenance Expenditures Paid in July 2023 in an amount totaling $81,437.29
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 June 20, 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, June 20, 2023, at 5:00 p.m. at the Courtyard Orlando Lake Nona, 6955 Lake Nona Blvd, Orlando,
FL 32827.		
Present:		
Bob Da Silva	Chairman	
Kyle Scholl	Assistant Secretary	
John Lynaugh	Assistant Secretary	
Marsha Leed	Assistant Secretary	
Kam Shenai	Vice Chairman	
Also attending:		
Jennifer Walden	PFM	
Lynne Mullins	PFM		
Jorge Jimenez	PFM	(via phone)	
Amanda Lane	PFM	(via phone)	
Jeffrey Newton	Donald W. McIntosh Associates		
Matt McDermott	Construction Committee Member		
Tucker Mackie	Kutak Rock	
Ryan Dugan Katie Harmer
Samantha Sharenow	Kutak Rock Berman Berman	(via phone) (via phone) (via phone)	

SECOND ORDER OF BUSINESS	
Public Comment Period	

Ms. Walden asked if there were any public comments. She noted there were no members of the public present.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the May 9, 2023, Board of Supervisors’ Meeting

The Board reviewed the minutes of the May 9, 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 May 9, 2023, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Discussion of Construction Committee Member Vacancy

Ms. Walden stated Larry Kauffmann resigned at the end of Thursday’s Construction Committee meeting. The recommendation is to fill the seat with David Beyer.

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved filling the vacant seat on the Construction Committee with David Beyer.

FIFTH ORDER OF BUSINESS	Discussion regarding Excess Funds in the 2016 Reserve Account

Ms. Walden stated she spoke with Amanda Lane, the District’s Accountant, and the overage in the revenue account was due to a timing issue in Fiscal Year 2016 during the refunding of the bonds. The assessments were put on roll at the 2006 assessment rate as the 2016 Bonds were issued after that date and the amount needed for the bond call had been reduced. Ms. Walden stated District staff needs direction from the Board as to what to do with the excess funds of $14,657.71.

Discussion ensued regarding the options for the excess funds.

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved moving the excess funds to the O&M Reserve Account.

SIXTH ORDER OF BUSINESS	Consideration of Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser

Ms. Walden stated this is a standard agreement that the District signs every year with the Property Appraiser for their services for going on roll.

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 Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser.

SEVENTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year 2022 Audit

Ms. Walden stated District staff has reviewed the audit and provided comments. Those comments have been incorporated into the final audit before the Board today. She noted this was a standard and clean audit and there were no deficiencies in internal controls that would be considered material weaknesses.

On motion by Mr.Scholl, seconded by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Fiscal Year 2022 Audit.

EIGHTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in May 2023 in an amount totaling
$38,682.10

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

On motion by Mr. Da Silva, 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 May 2023 in an amount totaling $38,682.10.

NINTH ORDER OF BUSINESS	Recommendation of Work Authorization/Proposed Services

Ms. Walden stated there were no Work Authorizations.

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

Ms. Walden stated the financials are listed through May and the District has expenses of just under
$366,000.00 versus a little over $1,000,000.00 budget. This equates to about 36% of the budget being spent so far.

Mr. Shenai asked about the interest income line item. Ms. Walden stated Ms. Lane reached out to the County and their response was that the interest distribution amount for the second quarter is determined by how much interest their office earned from December 2022 to February 2023. Interest is dispersed pro rata based on the budget figure for the City, town, Municipality or CDD. With interest levels where they have been, they have been able to earn a considerable amount which is then distributed to the parties.
They earned roughly 10 times as much interest in the second quarter versus the first quarter, which is why there is such an increase in the value dispersed. Mr. Scholl added that the District should treat this as a one-time item and not assume this will be the case every year. The other Board Members agreed.

Mr. Shenai asked where District staff thinks the District will be by the end of the year with landscaping. Mr. McDermott stated that the landscaping line-item amount was set on the high side and BrightView came in lower than expected. Additionally, the amount will escalate each year but there will be some funds left over at the end of the year.

Mr. Shenai asked about landscape enhancements and how much work is left to be completed. Mr. McDermott responded that the front entrance cost is roughly $35,000.00. He noted that there are some proposals for the Board to consider but wanted to point out that BrightView has some sod to replace at their cost.

Discussion ensued regarding landscaping enhancements.

Mr. McDermott asked for a not-to-exceed amount of $20,000.00 for additional landscaping enhancements.

On motion by Mr. Lynaugh, seconded by Mr. Da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved a not-to-exceed amount of $20,000.00 for landscaping enhancements.

ELEVENTH ORDER OF BUSINESS	Staff Reports

District Counsel –	Ms. Mackie stated the District is likely to close on the Interchange pond
acquisition within the week. There is an Interlocal Agreement where Greeneway ID, Myrtle Creek ID and Boggy Creek ID agreed to share in not only the construction costs associated with Interchange improvements, but also maintenance. Myrtle Creek's respective share for the acquisition is $380,220.75. That amount is less than the District originally anticipated because the acreage was adjusted as CFX took certain portions of the pond which reduced the overall acreage that the District is purchasing from the Developer. The total funds remaining in the construction account from the refinancing of the 2013 Bonds is
$412,000.00. Following this action, the District will then review the overall CIP and if the District can declare the project complete, whatever remains in that account will be flushed through to pay the bonds.

District Manager –	Ms. Walden stated the next Board meeting is Tuesday, July 18, 2023.
Additionally, Board Members need to submit their Form 1 by the July 1, 2023, deadline.

Ms. Walden noted Fire Ant Control matched Massey’s pricing for the District so there will be a savings for the District.

District Engineer –	No report. Construction Supervisor – No report. Landscape Supervisor –	No report. Irrigation Supervisor –	No report.
TWELFTH ORDER OF BUSINESS	Supervisor Requests

Ms. Lane noted that at this time there may be more excess funds in the account than the $14,657.71 previously discussed. She asked if the Board wants all funds moved or just the funds that the Board previously approved. The Board decided to move the entire amount of excess funds to the O&M reserve account.

On motion by Mr. Lynaugh, seconded by Mr. Da Silva with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved moving the entire amount of excess funds to the O&M Reserve Account.

THIRTEENTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Scholl, seconded by Mr. Da Silva, with all in favor, the June 20, 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

Resolution 2023-05,
Approving an Annual Meeting Schedule for Fiscal Year 2024

RESOLUTION 2023-05

A RESOLUTION OF THE MYRTLE CREEK IMPROVEMENT DISTRICT DESIGNATING DATES, TIMES AND LOCATIONS FOR REGULAR MEETINGS OF THE BOARD OF SUPERVISORS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Myrtle Creek Improvement District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated in City of Orlando, Florida; and

WHEREAS, the Board of Supervisors of the District (“Board”) is statutorily authorized to exercise the powers granted to the District; and

WHEREAS, all meetings of the Board shall be open to the public and governed by the provisions of Chapter 286, Florida Statutes; and

WHEREAS, the Board is statutorily required to file annually, with the local governing authority and the Florida Department of Economic Opportunity, a schedule of its regular meetings.

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

Regular meetings of the District’s Board shall be held as provided on the schedule attached hereto as Exhibit A.

In accordance with Section 189.015(1), Florida Statutes, the District’s Secretary is hereby directed to file annually with Orange County a schedule of the District’s regular meetings.

This Resolution shall take effect immediately upon adoption.

Adopted this 15th day of August, 2023.

ATTEST:	Myrtle Creek Improvement District

Secretary/Assistant Secretary	Chairman/ Vice Chairman

EXHIBIT A

Myrtle Creek Improvement District Fiscal Year 2023-2024

The Board of Supervisors of the Myrtle Creek Improvement District will hold its meetings for the Fiscal Year 2024 at the Tavistock Development Company, 6900 Tavistock Lakes Blvd #200, Orlando, FL 32827 at 5:00 p.m. on the third Tuesday of each month unless otherwise noted below:

October 17, 2023
November 14, 2023
December 12, 2023
January 16, 2024
February 20, 2024
March 12, 2024
April 16, 2024
May 21, 2024
June 18, 2024
July 16, 2024
August 20, 2024
September 17, 2024

Construction Committee of the Boggy Creek, Greeneway, Midtown & Myrtle Creek Improvement Districts and the Poitras East Community Development District
Fiscal Year 2023-2024

The Construction Committee of the Boggy Creek, Greeneway, Midtown and Myrtle Creek Improvement Districts and the Poitras East Community Development District will be meeting for the Fiscal Year 2024 in the office of Tavistock Development Company, 6900 Tavistock Lakes Blvd #200, Orlando, FL 32827 at 3:30 p.m. each month as follows:

October 12, 2023
November 9, 2023
December 7, 2023
January 11, 2024
February 8, 2024
March 7, 2024
April 11, 2024
May 9, 2024
June 13, 2024
July 11, 2024
August 8, 2024
September 12, 2024

MYRTLE CREEK IMPROVEMENT DISTRICT

Prequalified Contractors Extension

MYRTLE CREEK IMPROVEMENT DISTRICT PREQUALIFIED CONTRACTORS
August 2021

Garney Construction
Hubbard Construction Company
JMHC, Inc.
Jon M. Hall Company
Jr. Davis Construction Company
The Middlesex Corporation
Phillips & Jordan
Prime Construction Group
Southern Development & Construction
Watson Civil Construction

F:\Proj2003\23217\ENGadmin\Pre-Qualifications\MCID Pre-Qual Contractors 2021.docx

Extending Annual Renewal for Lake Nona Central – Boulevard and Roadways Landscape and Irrigation Maintenance Services Agreement with BrightView

District Management Fee Increase Letter for FY 2024

0	August 1, 2023
Mr. Bob da Silva
Chairman of the Board of Supervisors Myrtle Creek Improvement District 3501 Quadrangle Boulevard, Suite 270
Orlando, FL 32817

Dear Mr. da Silva:

pfm

3501 Quadrangle Blvd.
Suite 270
Orlando, FL 32817
407.723.5900

pfm.com

Thank you for the opportunity to continue serving as District Manager to the Myrtle Creek Improvement District (the "District"). The agreement in place between our firm and the District dated January 15, 2019 provides for the review and adjustment annually of our fees pursuant to the District's annual budget process. We are respectfully requesting a fee increase from $42,500 to $46,750 for the year.

Please note this change will be effective on the billing for October 2023, in conjunction with the District's new Fiscal Year.

Provided the changes are acceptable, please have an authorized official of the District sign and return a copy of this letter to us to acknowledge the increase.

Sincerely,
PFM GROUP CONSULTING LLC

Accepted by:

(Signature)

(Print Name)

(Date)

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2023-06,
Adopting the Fiscal Year 2024 Budget and Appropriating Funds

RESOLUTION 2023-06

THE ANNUAL APPROPRIATION RESOLUTION OF THE MYRTLE CREEK IMPROVEMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023 AND ENDING SEPTEMBER 30, 2024; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2023, submitted to the Board of Supervisors (“Board”) of the Myrtle Creek Improvement District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

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

SECTION 1.	BUDGET

a.	The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the
District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.	
b.	The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.	
c.	The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Myrtle Creek Improvement District for the Fiscal Year Ending September 30, 2024.”	
d.	The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption and shall remain on the website for at least 2 years.	

SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2023/2024, the sum of
$	 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in
the following fashion:			
TOTAL GENERAL FUND	$		
DEBT SERVICE FUND(S)	$		
TOTAL ALL FUNDS		$		
SECTION 3.	BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2023/2024, or within 60 days following the end of the Fiscal Year 2023/2024, may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 15TH DAY OF AUGUST 2023.

ATTEST:	MYRTLE CREEK IMPROVEMENT
DISTRICT

Secretary / Assistant Secretary

By:	 Its:	

Exhibit A: Fiscal Year 2023/2024 Budget

EXHIBIT A

	Actual Through 07/31/2023	Anticipated 08/2023 -
09/2023	Anticipated Total FY 2023	FY 2023 Adopted Budget	FY 2024
Proposed Budget	

Revenues						
On-Roll Assessments	$	916,650.47	$	21,670.83	$	938,321.30	$	858,801.80	$	858,801.80	
Wellspring Assessments	-	-	-	79,519.50	68,750.00	
Other Income & Other Financing Sources	631.24	-	631.24	-	-	
Carryforward Revenue	68,217.73	13,643.54	81,861.27	81,861.27	84,522.75	
Net Revenues	$	985,499.44	$	35,314.37	$ 1,020,813.81	$  1,020,182.57	$  1,012,074.56	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	7,200.00	$	2,000.00	$	9,200.00	$	12,000.00	$	12,000.00	
Financial & Administrative						
Public Officials' Liability Insurance	3,892.00	-	3,892.00	4,665.00	4,665.00	
Trustee Services	6,775.32	-	6,775.32	10,000.00	7,000.00	
Management	31,875.03	10,624.97	42,500.00	42,500.00	46,750.00	
Engineering	4,049.48	5,950.52	10,000.00	10,000.00	10,000.00	
Disclosure	1,750.00	-	1,750.00	7,000.00	1,800.00	
Property Appraiser	2,013.69	-	2,013.69	2,000.00	2,500.00	
District Counsel	13,816.07	11,183.93	25,000.00	25,000.00	25,000.00	
Assessment Administration	7,500.00	-	7,500.00	7,500.00	7,500.00	
Reamortization Schedules	125.00	125.00	250.00	250.00	250.00	
Audit	3,625.00	-	3,625.00	4,000.00	4,000.00	
Arbitrage Calculation	1,750.00	-	1,750.00	900.00	900.00	
Travel and Per Diem	61.12	238.88	300.00	300.00	300.00	
Telephone	-	50.00	50.00	50.00	50.00	
Postage & Shipping	9.78	990.22	1,000.00	1,000.00	1,000.00	
Copies	-	2,000.00	2,000.00	2,000.00	2,000.00	
Legal Advertising	2,296.25	4,203.75	6,500.00	6,500.00	6,500.00	
Bank Fees	-	360.00	360.00	360.00	360.00	
Miscellaneous	8.82	9,491.18	9,500.00	9,500.00	9,500.00	
Meeting Room	305.73	94.27	400.00	400.00	800.00	
Office Supplies	282.55	-	282.55	250.00	270.00	
Property Taxes	-	-	-	2,500.00	-	
Web Site Maintenance	2,250.00	870.00	3,120.00	2,700.00	2,700.00	
Holiday Decorations	600.00	-	600.00	1,250.00	1,000.00	
Dues, Licenses, and Fees	175.00	-	175.00	175.00	175.00	
Total General & Administrative Expenses	$	90,360.84	$	48,182.72	$	138,543.56	$	152,800.00	$	147,020.00	

Page 1 of 2

Actual Through 07/31/2023		Anticipated 08/2023 -
09/2023		Anticipated Total FY 2023	FY 2023 Adopted Budget	FY 2024
Proposed Budget	

Field Operations													
Electric Utility Services													
Electric	$	961.99		$	538.01		$	1,500.00	$	1,500.00	$	1,500.00	
Entry Lighting		214.92		285.08		500.00			500.00			500.00	
Water-Sewer Combination Services													
Water Reclaimed		22,452.94		4,490.58		26,943.52			20,000.00			25,000.00	
Stormwater Control													
Aquatic Contract		3,250.00		650.00		3,900.00			4,000.00			3,900.00	
Lake/Pond Repair Reserve		-		5,000.00		5,000.00			5,000.00			5,000.00	
Other Physical Environment													
General Liability Insurance		4,458.00		-		4,458.00			4,500.00			5,000.00	
Property & Casualty Insurance		-		-		-			1,700.00			1,700.00	
Auto Insurance		-		-		-			500.00			100.00	
Irrigation Repairs		13,925.36		31,074.64		45,000.00			45,000.00			45,000.00	
Landscaping Maintenance & Material													
District Landscaping		121,829.90		141,747.22		263,577.12			263,577.12			263,577.12	
Gateway Road Landscaping		394.90		78.98		473.88			473.88			473.88	
Tree Trimming		31,500.00		8,500.00		40,000.00			40,000.00			40,000.00	
Flower & Plant Replacement		12,025.00		37,975.00		50,000.00			50,000.00			50,000.00	
Contingency		907.00		84,758.18		85,665.18			85,665.18			85,415.18	
Pest Control		1,405.00		1,405.00		2,810.00			2,810.00			2,810.00	
Hurricane Cleanup		-		50,000.00		50,000.00			50,000.00			50,000.00	
Interchange Maintenance Expenses													
IME - Aquatics Maintenance		2,630.30		708.70		3,339.00			3,339.00			3,339.00	
IME - Irrigation Repairs		1,835.66		1,314.34		3,150.00			3,150.00			3,150.00	
IME - Landscaping		72,294.10		14,458.79		86,752.89			86,752.89			90,444.38	
IME - Landscape Improvements		-		12,600.00		12,600.00			12,600.00			12,600.00	
IME - Lighting		632.54		627.46		1,260.00			1,260.00			1,260.00	
IME - Miscellaneous		650.48		5,649.52		6,300.00			6,300.00			6,300.00	
IME - Water Reclaimed		725.30		849.70		1,575.00			1,575.00			1,575.00	
New Operational Field Expenses													
Trail Repair		-		15,000.00		15,000.00			15,000.00			15,000.00	
Road & Street Facilities													
Entry and Wall Maintenance		1,464.00		8,536.00		10,000.00			10,000.00			10,000.00	
Streetlights		9,624.02		5,375.98		15,000.00			15,000.00			15,000.00	
Parks & Recreation													
Personnel Leasing Agreement		30,000.10		5,999.90		36,000.00			36,000.00			36,000.00	
Reserves													
Infrastructure Capital Reserve		-		20,000.00		20,000.00			20,000.00			20,000.00	
Interchange Maintenance Reserve		-		2,360.00		2,360.00			2,360.00			2,360.00	
Total Field Operations Expenses	$	333,181.51		$  459,983.08		$	793,164.59	$	788,563.07	$	797,004.56	

Wellspring Blvd./Performance Drive Expenses													
Irrigation Repairs	$	825.30		$	7,174.70		$	8,000.00	$	8,000.00	$	5,230.50	
Landscaping		29,179.90		6,639.60		35,819.50			35,819.50			36,036.00	
Flower & Plant Replacement		-		10,000.00		10,000.00			10,000.00			10,000.00	
Lighting		344.69		19,355.31		19,700.00			19,700.00			10,483.50	
Miscellaneous		-		3,500.00		3,500.00			3,500.00			3,500.00	
Water Reclaimed		3,826.87		765.38		4,592.25			2,500.00			3,500.00	
Total Wellspring Blvd./Performance Drive Expenses	$	34,176.76		$	47,434.99		$	81,611.75	$	79,519.50	$	68,750.00	

Total Expenses	
$	457,719.11		
$  555,600.79		
$ 1,013,319.90	
$  1,020,882.57	
$  1,012,774.56	

Income (Loss) from Operations	
$	527,780.33		
$  (520,286.42)		
$	7,493.91		
$	
(700.00)		
$	
(700.00)	

Other Income (Expense)													
Interest Income	$	13,844.71		$	102.71		$	13,947.42	$	700.00	$	700.00	
Total Other Income (Expense)	$	13,844.71	$	102.71		$	13,947.42	$	700.00	$	700.00	
Net Income (Loss)	$	541,625.04		$  (520,183.71)		$	21,441.33		$	-		$	-	
		
Page 2 of 2									

FY 2024 Proposed Debt Service Budget Series 2016A Special Assessment Bonds

		FY 2024	
		Proposed	
		Budget	
REVENUES:			
Special Assessments Series 2016A	$	1,490,400.00	
TOTAL REVENUES	$	1,490,400.00	

EXPENDITURES:			
Series 2016A - Interest 11/01/2023	$	232,200.00	
Series 2016A - Principal 05/01/2024		810,000.00	
Series 2016A - Interest 05/01/2024		232,200.00	
TOTAL EXPENDITURES	$	1,274,400.00	

EXCESS REVENUES	

$	

216,000.00	

Series 2016A - Interest 11/01/2024	

$	

216,000.00	

Revenues

On-Roll Assessments

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

Wellspring Assessments

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

Carryforward Revenue

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

General & Administrative Expenses

Supervisor Fees

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

Public Officials’ Liability Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

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

Management

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

Engineering

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

Disclosure

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

Property Appraiser

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

District Counsel

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

Assessment Administration

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

Reamortization Schedules

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

Audit

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

Arbitrage Calculation

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

Travel and Per Diem

Travel to and from meetings as related to the District.

Telephone

Telephone and fax machine services as related to the District.

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Copies

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

Legal Advertising

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

Bank Fees

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

Miscellaneous

Other general & administrative expenses incurred throughout the year.

Meeting Room

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

Office Supplies

General office supplies associated with the District.

Web Site Maintenance

Website maintenance fee.

Holiday Decorations

District decorations for the holidays.

Dues, Licenses & Fees

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

Field Operations Expenses

Electric Utility Services

Electric

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

Entry Lighting

Lighting charges for District entryways.

Water-Sewer Combination Services

Water Reclaimed Water used for irrigation Stormwater Control
Aquatic Contract

Contracted services for maintenance of aquatic areas within the District.

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

General liability insurance.

Property & Casualty Insurance

Insurance to protect property and cover casualty.

Auto Insurance

Insurance to protect the automobiles owned by the District.

Irrigation Repairs

Inspection and repair of irrigation systems.

District Landscaping Maintenance & Material

Contracted landscaping within the boundaries of the District.

Gateway Road Landscaping Maintenance & Material

Contracted landscaping on Gateway Road.

Tree Trimming

Trimming of trees on District property.

Flower & Plant Replacement

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

Contingency

Other Field Operations expenses incurred throughout the year.

Pest Control

Pest control services.

Hurricane Cleanup

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

Interchange Maintenance Expenses

IME – Aquatics Maintenance

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

IME – Irrigation Repairs

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

IME – Landscaping

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

IME – Landscape Improvements

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

IME – Lighting

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

IME – Miscellaneous

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

IME – Water Reclaimed

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

New Operational Field Expenses

Trail Repair

Expenses related to repairing the trail within the District.

Road & Street Facilities

Entry and Wall Maintenance

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

Streetlights

Streetlighting expenses within the District.

Parks & Recreation

Personnel Leasing Agreement

The lease of outside personnel per signed agreement.

Reserves

Infrastructure Capital Reserve

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

Interchange Maintenance Reserve

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

Wellspring Blvd./Performance Drive Expenses

Irrigation Repairs

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

Landscaping

Landscaping services within Wellspring Boulevard or Performance Drive.

Flower & Plant Replacement

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

Lighting

Lighting expenses within Wellspring Boulevard or Performance Drive.

Miscellaneous

Miscellaneous expenses within Wellspring Boulevard or Performance Drive.

Water Reclaimed

Reclaimed water expenses within Wellspring Boulevard or Performance Drive.

Other Income (Expense)

Interest Income

Income from interest earnings.

MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2023-07,
Adopting an Assessment Roll for Fiscal Year 2024 and Certifying Special Assessments for Collection

RESOLUTION 2023-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2023/2024; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Myrtle Creek Improvement District (“District”) is a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Orange County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”), attached hereto as Exhibit “A” and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2023/2024; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Myrtle Creek Improvement District (“Assessment Roll”) attached to this Resolution as Exhibit “B” and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

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

SECTION 1.  BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits “A” and “B,” is hereby found to be fair and reasonable.

SECTION 2.  ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits “A” and “B.” The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4.	ASSESSMENT ROLL.  The Assessment Roll, attached to this Resolution as
Exhibit “B,” is hereby certified to the County Tax Collector and shall be collected by the County

Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5.  Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. 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.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 15th day of August 2023.

ATTEST:	MYRTLE CREEK IMPROVEMENT DISTRICT

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

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Exhibit A
Budget

	Actual Through 07/31/2023	Anticipated 08/2023 -
09/2023	Anticipated Total FY 2023	FY 2023 Adopted Budget	FY 2024
Proposed Budget	

Revenues						
On-Roll Assessments	$	916,650.47	$	21,670.83	$	938,321.30	$	858,801.80	$	858,801.80	
Wellspring Assessments	-	-	-	79,519.50	68,750.00	
Other Income & Other Financing Sources	631.24	-	631.24	-	-	
Carryforward Revenue	68,217.73	13,643.54	81,861.27	81,861.27	84,522.75	
Net Revenues	$	985,499.44	$	35,314.37	$ 1,020,813.81	$  1,020,182.57	$  1,012,074.56	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	7,200.00	$	2,000.00	$	9,200.00	$	12,000.00	$	12,000.00	
Financial & Administrative						
Public Officials' Liability Insurance	3,892.00	-	3,892.00	4,665.00	4,665.00	
Trustee Services	6,775.32	-	6,775.32	10,000.00	7,000.00	
Management	31,875.03	10,624.97	42,500.00	42,500.00	46,750.00	
Engineering	4,049.48	5,950.52	10,000.00	10,000.00	10,000.00	
Disclosure	1,750.00	-	1,750.00	7,000.00	1,800.00	
Property Appraiser	2,013.69	-	2,013.69	2,000.00	2,500.00	
District Counsel	13,816.07	11,183.93	25,000.00	25,000.00	25,000.00	
Assessment Administration	7,500.00	-	7,500.00	7,500.00	7,500.00	
Reamortization Schedules	125.00	125.00	250.00	250.00	250.00	
Audit	3,625.00	-	3,625.00	4,000.00	4,000.00	
Arbitrage Calculation	1,750.00	-	1,750.00	900.00	900.00	
Travel and Per Diem	61.12	238.88	300.00	300.00	300.00	
Telephone	-	50.00	50.00	50.00	50.00	
Postage & Shipping	9.78	990.22	1,000.00	1,000.00	1,000.00	
Copies	-	2,000.00	2,000.00	2,000.00	2,000.00	
Legal Advertising	2,296.25	4,203.75	6,500.00	6,500.00	6,500.00	
Bank Fees	-	360.00	360.00	360.00	360.00	
Miscellaneous	8.82	9,491.18	9,500.00	9,500.00	9,500.00	
Meeting Room	305.73	94.27	400.00	400.00	800.00	
Office Supplies	282.55	-	282.55	250.00	270.00	
Property Taxes	-	-	-	2,500.00	-	
Web Site Maintenance	2,250.00	870.00	3,120.00	2,700.00	2,700.00	
Holiday Decorations	600.00	-	600.00	1,250.00	1,000.00	
Dues, Licenses, and Fees	175.00	-	175.00	175.00	175.00	
Total General & Administrative Expenses	$	90,360.84	$	48,182.72	$	138,543.56	$	152,800.00	$	147,020.00	

Page 1 of 2

Actual Through 07/31/2023		Anticipated 08/2023 -
09/2023		Anticipated Total FY 2023	FY 2023 Adopted Budget	FY 2024
Proposed Budget	

Field Operations													
Electric Utility Services													
Electric	$	961.99		$	538.01		$	1,500.00	$	1,500.00	$	1,500.00	
Entry Lighting		214.92		285.08		500.00			500.00			500.00	
Water-Sewer Combination Services													
Water Reclaimed		22,452.94		4,490.58		26,943.52			20,000.00			25,000.00	
Stormwater Control													
Aquatic Contract		3,250.00		650.00		3,900.00			4,000.00			3,900.00	
Lake/Pond Repair Reserve		-		5,000.00		5,000.00			5,000.00			5,000.00	
Other Physical Environment													
General Liability Insurance		4,458.00		-		4,458.00			4,500.00			5,000.00	
Property & Casualty Insurance		-		-		-			1,700.00			1,700.00	
Auto Insurance		-		-		-			500.00			100.00	
Irrigation Repairs		13,925.36		31,074.64		45,000.00			45,000.00			45,000.00	
Landscaping Maintenance & Material													
District Landscaping		121,829.90		141,747.22		263,577.12			263,577.12			263,577.12	
Gateway Road Landscaping		394.90		78.98		473.88			473.88			473.88	
Tree Trimming		31,500.00		8,500.00		40,000.00			40,000.00			40,000.00	
Flower & Plant Replacement		12,025.00		37,975.00		50,000.00			50,000.00			50,000.00	
Contingency		907.00		84,758.18		85,665.18			85,665.18			85,415.18	
Pest Control		1,405.00		1,405.00		2,810.00			2,810.00			2,810.00	
Hurricane Cleanup		-		50,000.00		50,000.00			50,000.00			50,000.00	
Interchange Maintenance Expenses													
IME - Aquatics Maintenance		2,630.30		708.70		3,339.00			3,339.00			3,339.00	
IME - Irrigation Repairs		1,835.66		1,314.34		3,150.00			3,150.00			3,150.00	
IME - Landscaping		72,294.10		14,458.79		86,752.89			86,752.89			90,444.38	
IME - Landscape Improvements		-		12,600.00		12,600.00			12,600.00			12,600.00	
IME - Lighting		632.54		627.46		1,260.00			1,260.00			1,260.00	
IME - Miscellaneous		650.48		5,649.52		6,300.00			6,300.00			6,300.00	
IME - Water Reclaimed		725.30		849.70		1,575.00			1,575.00			1,575.00	
New Operational Field Expenses													
Trail Repair		-		15,000.00		15,000.00			15,000.00			15,000.00	
Road & Street Facilities													
Entry and Wall Maintenance		1,464.00		8,536.00		10,000.00			10,000.00			10,000.00	
Streetlights		9,624.02		5,375.98		15,000.00			15,000.00			15,000.00	
Parks & Recreation													
Personnel Leasing Agreement		30,000.10		5,999.90		36,000.00			36,000.00			36,000.00	
Reserves													
Infrastructure Capital Reserve		-		20,000.00		20,000.00			20,000.00			20,000.00	
Interchange Maintenance Reserve		-		2,360.00		2,360.00			2,360.00			2,360.00	
Total Field Operations Expenses	$	333,181.51		$  459,983.08		$	793,164.59	$	788,563.07	$	797,004.56	

Wellspring Blvd./Performance Drive Expenses													
Irrigation Repairs	$	825.30		$	7,174.70		$	8,000.00	$	8,000.00	$	5,230.50	
Landscaping		29,179.90		6,639.60		35,819.50			35,819.50			36,036.00	
Flower & Plant Replacement		-		10,000.00		10,000.00			10,000.00			10,000.00	
Lighting		344.69		19,355.31		19,700.00			19,700.00			10,483.50	
Miscellaneous		-		3,500.00		3,500.00			3,500.00			3,500.00	
Water Reclaimed		3,826.87		765.38		4,592.25			2,500.00			3,500.00	
Total Wellspring Blvd./Performance Drive Expenses	$	34,176.76		$	47,434.99		$	81,611.75	$	79,519.50	$	68,750.00	

Total Expenses	
$	457,719.11		
$  555,600.79		
$ 1,013,319.90	
$  1,020,882.57	
$  1,012,774.56	

Income (Loss) from Operations	
$	527,780.33		
$  (520,286.42)		
$	7,493.91		
$	
(700.00)		
$	
(700.00)	

Other Income (Expense)													
Interest Income	$	13,844.71		$	102.71		$	13,947.42	$	700.00	$	700.00	
Total Other Income (Expense)	$	13,844.71	$	102.71		$	13,947.42	$	700.00	$	700.00	
Net Income (Loss)	$	541,625.04		$  (520,183.71)		$	21,441.33		$	-		$	-	
		
Page 2 of 2									

FY 2024 Proposed Debt Service Budget Series 2016A Special Assessment Bonds

		FY 2024	
		Proposed	
		Budget	
REVENUES:			
Special Assessments Series 2016A	$	1,490,400.00	
TOTAL REVENUES	$	1,490,400.00	

EXPENDITURES:			
Series 2016A - Interest 11/01/2023	$	232,200.00	
Series 2016A - Principal 05/01/2024		810,000.00	
Series 2016A - Interest 05/01/2024		232,200.00	
TOTAL EXPENDITURES	$	1,274,400.00	

EXCESS REVENUES	

$	

216,000.00	

Series 2016A - Interest 11/01/2024	

$	

216,000.00	

Page 1 of 1

Exhibit B
Assessment Roll -
On file with the District Manager

4869-1602-2888.1

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in June 2023 in an amount totaling $13,165.33

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

The total items being presented:    $13,165.33

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

Myrtle Creek Improvement District AP Check Register (Current by Bank) Check Dates: 6/1/2023 to 6/30/2023

Check No.	Date	Status*	Vendor ID	Payee Name	Amount	
BANK ID: SUN - CIT% NATIONAL BANK	001-101-0000-00-01	
(3((	06/02/23	 	P$ %C	P$ %rou& Consu'ting		)3* (1+6 	
(3( 	06/0 /23	 	A-C	A,uatic -ee. Contro'* /nc+		)32 +00	
(3(6	06/0 /23	 	DAC	Digita' Assurance Certi0icatio		)1* 00+00	
(3( 	06/0 /23	 	123A1	1utak Rock		)1* 62+ 6	
(3( 	06/0 /23	 	4%56BA	4%'oba'3ech		)13 +00	
(3(9	06/12/23	 	BC/D	Boggy Creek /7&ro8+ District		)96+ 0	
(3 0	06/12/23	 	123A1	1utak Rock		)6 1+00	
(3 1	06/12/23	 	3R2:3;	2: Bank as 3rustee 0or yrt'e		)20*9(9+2 	
					BANK SUN REGISTER TOTAL:	$29,081.28	
					GRAND TOTAL :	$29,081.28	

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

Funding Request #134
4/28/2023

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District
Reimbursement for Construction-Related Legal Advertising on Req 291				
		OSC70728563	$	49.15	
2	Kutak Rock
Construction Counsel Through 03/31/2023				
		3210400	$	671.00	
		
TOTAL	
$	
720.15	

Funding Request #135
5/12/2023

Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Boggy Creek Improvement District				
	Reimbursement for Construction-Related Legal Advertising on Req 296	OSC72163752	$	47.65	
		
TOTAL	
$	
47.65	

Payment Authorization #583
5/26/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
PFM Group Consulting
OM Fee: May 2023	

DM-05-2023-32	

$	3,541.67	
		
TOTAL	
$	3,541.67	

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

I RECEIVED	I

RECEIVED

Payment Authorization #584

6/2/2023		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	June Waterway Service	84306	$	325.00	
2	Berman Construction
June Administrator & Irrigation Specialist	

36979	

$	3,000.01	
3	BrightView Landscape Services
June Landscape Maintenance	

8429110	
$  15,100.98	
4	Digital Assurance Certification			
	Annual Dissemination	63828	$	1,500.00	
5	Kutak Rock
General Counsel Through 04/30/2023	
3225489	
$	1,862.56	
6	VGlobalTech
May Website Maintenance	

5024	
$	135.00	
		
TOTAL	
$  21,923.55	

 cl	 
tary/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

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in July 2023 in an amount totaling $81,437.29

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

The total items being presented:    $81,437.29

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

Myrtle Creek Improvement District AP Check Register (Current by Bank) Check Dates: 7/1/2023 to 7/31/2023

Check No.	Date	Status*	Vendor ID	Payee Name	Amount

BANK ID: SUN - CIT% NATIONAL BANK	((1-1(1-((((-((-(1

$3 2
$3 3
$3 $
$3 
$3 .
$3 7
$3 
$3 7
$3.0
$3.1
$3.2
$3.3
$3.$
$3. 
$3..
$3.7
$3. 
$3.7
$370
$371
$372	07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/10/23
07/17/23
07/17/23
07/17/23
07/27/23
07/27/23
07/27/23
07/27/23
07/27/23	 

 

 

 

 

 

 
 
 	B(R A)
B*(,/ B025 D:) C
;2<)A=
>5C?:2
>5?()A 2DA592
 2((D
:R25()
P/ ,C
*R=5*( 0,2:BA A8C D:) C
>=*A> BC9D B(R A) B025
?*/2
*R=5*(	Ber#an Construction
Berger& *oo#bs& (+a#& ,aines - Bright0ie1 2an3sca4e 5er6ices Dona+3 8' c9ntosh Associates
;ohn Peter 2ynaugh
>y+e 5cho++
>a#a+akar 5henai 2ione+ R' Dasi+6a
 arsha 2ee3
:r+an3o 5entine+
P/ ,rou4 Consu+ting
=5 Bank as *rustee @or yrt+e 0,+oba+*ech
AAuatic 8ee3 Contro+& 9nc' Dona+3 8' c9ntosh Associates
>utak Rock
Boggy Creek 9#4ro6' District Ber#an Construction Bright0ie1 2an3sca4e 5er6ices
?atha1ayBs *ree /ar# - 2an3sca
=5 Bank as *rustee @or yrt+e	

BANK SUN REGISTER TOTAL:

GRAND TOTAL :	%3&000'01
%3&.2 '00
%17&302' 7
%.7.'02
%200'00
%200'00
%200'00
%200'00
%200'00
%223'2 
%3&. 7'7 
%1 &7 7'2.
%13 '00
%32 '00
%17.'02
%2&272'00
%$7'. 
%3&000'01
%1 &100'7 
%10&000'00
%11&7 '$$

$91,129.48

$91,129.48	

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

Payment Authorization #584

6/2/2023		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	June Waterway Service	84306	$	325.00	
2	Berman Construction
June Administrator & Irrigation Specialist	

36979	

$	3,000.01	
3	BrightView Landscape Services
June Landscape Maintenance	

8429110	
$  15,100.98	
4	Digital Assurance Certification			
	Annual Dissemination	63828	$	1,500.00	
5	Kutak Rock
General Counsel Through 04/30/2023	
3225489	
$	1,862.56	
6	VGlobalTech
May Website Maintenance	

5024	
$	135.00	
		
TOTAL	
$  21,923.55	

 cl	 
tary/Assistant Secretary	Chairperson

Myrtle Creek Improvement District c/o PFM Group Consulting

Payment Authorization #585

6/9/2023		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Berger, Toombs, Elam, Gaines & Frank			
	FY 2022 Audit	363016	$	3,625.00	
2	Boggy Creek Improvement District			
	May ICM Expenses	ICM2023-08	$	7,654.40	
3	Donald W McIntosh Associates
Engineering Services Through 05/19/2023	
44240	
$	696.02	

4	ouc
Acct: 4782400001 ; Service 05/02/2023 - 06/01/2023		

$	5,033.30	
5	PFM Group Consulting			
	May Billable Expenses	125181	$	114.48	
	OM Fee: June 2023	DM-06-2023-33	$	3,541.67	
	April Reimbursables	OE-EXP-05-2023-33	$	0.60	
	May Reimbursables	OE-EXP-06-2023-27	$	1.20	
6	VGlobalTech			
	June Website Maintenance	5121	$	135.00	
		
TOTAL	
$  20,801.67	

Chairperson

P)½/3
Myrtle Creek Improvement District c/o PFM Group Consulting

Payment Authorization #586
6/23/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Supervisor Fees - 06/20/2023 Meeting			
	Marsha Leed		$	200.00	
	Kam Shenai		$	200.00	
	John Lynaugh		$	200.00	
	Kyle Scholl		$	200.00	
	Bob da Silva		$	200.00	
		
TOTAL	
$	1,000.00	

/Assistant Secretary

Chairperson

RECEIVED
By Amanda Lane at 8:12 am, Jun 26, 2023

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

IJ	y

Digitally signed by Daniel J.
Young
ON: C•US,

Danle	.	OUng

E=dan.young@tavistock.com, O•Tavistock Development Co., CN=Daniel J. Young
Date: 2023.06.26
08:48:22-04'00'

Payment Authorization #587
6/30/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Brightview Landscape Services
Monthly Inspection May 2023	

8416341	

$	314.97	
	Irrigation Repair: Replace 2" Valve by Timer 1 & 2	8422261	$	700.01	
	Irrigation Repair: Replace 1-2" in Zone 3	8452230	$	350.00	
	Irrigation Repair: Mainline LNBV	8453495	$	836.93	
	Orlando Sentinel			
	Legal Advertising on 06/12/2023 (Ad: 7438524)	OSC74795976	$	223.25	
		
TOTAL	
$	2,425.16	

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

DgftaJyslgnedbyDanielJ
Young

9

ON;C-US,

!	= neat 10:45 am,Jul 05, 2023

Daniel J. Youn!g:::k  ;:

0 : 0; .

I

CN•Danitil J. Young
Oata;2023.07.04
07-CXZ46-04'00'

Funding Request #137
6/30/2023		
Item No.	Payee	Invoice Number	General Fund	

1	
Boggy Creek Improvement District				
	Reimbursement for Construction-Related Legal Advertising on Series 2013 Req 412	OSC74433012	$	47.65	
		
TOTAL	
$	
47.65	

Funding Request #137
6/30/2023		
Item No.	Payee	Invoice Number	General Fund	

1	
Boggy Creek Improvement District				
	Reimbursement for Construction-Related Legal Advertising on Series 2013 Req 412	OSC74433012	$	47.65	
		
TOTAL	
$	
47.65	

Payment Authorization #588

7/7/2023		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	July Waterway Service	85376	$	325.00	
2	Berman Construction			
	July Administrator & Irrigation Specialist	37710	$	3,000.01	
3	BrightView Landscape Services			
	July Landscape Maintenance	8472986	$  15,100.98	
4	Donald W McIntosh Associates			
	Engineering Services Through 06/16/2023	44374	$	196.02	
5	Kutak Rock			
	General Counsel Through 05/31/2023	3240198	$	2,089.00	
6	ouc
Acct: 4782400001 ; Service 06/01/2023 - 07/03/2023		
$	4,875.10	
		
TOTAL	
$  25,586.11	

Chairperson

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

l

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

[ RECEIVED
By Amanda Lane at 7:56 am, Jul 12, 2023

Danl·e1J

Digitalty signed by Darnel J Young
DNJC•US,
Young Eadan,young@ta,lstock.com,
·	O=Tav1stoc Development Co., CN=Daniel J Young
Dale: 2023 07 11
14 59·43--04'00

Payment Authorization #589
7/14/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Boggy Creek Improvement District
Interchange Maintenance: June 2023	

ICM2023-09	

$	8,326.01	
2	HTFL, Inc			
	FY 2022 Palm Tree Installation Completion	10670	$  10,000.00	
		
TOTAL	
$  18,326.01	

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

l

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

[ RECEIVED
By Amanda Lane at 12:02 pm, Jul 26, 2023

Chairperson

D}gitally signed b Daniel J.

Dan·leI J . y QUng

Young DN;C=US
E=danyou'.rig@ta,..i!;tOCk.com. 0,.Tavistoc)';DevelopmentCo. CN:Damel 1.J. Young
Date: 2023.07.23 0N3.26-04'00'

MYRTLE CREEK IMPROVEMENT DISTRICT

Work Authorization/Proposed Services
(if applicable)

BrightView Proposals for Myrtle Creek ID

Project Name	Cost
Wellsprings-Remove knockout roses and replace	$1,702.50 Stromanthe to elephant ear		$903.56
Remove Anise and Replace (June Ins)	$244.75
Pine tree restaking	$335.79
Pine straw	$450.00
Bush Alamanda	$1,015.00

Total	$4,651.60

Proposal for Extra Work at Myrtle Creek Improvement Distr	

Property Name Property Address	
Myrtle Creek Improvement Distr 7251 Lake Nona Blvd
Orlando, FL 32827	
Contact To
Billing Address	
Doyle Batten
Myrtle Creek Improvement District 3501 Quadrangle Blvd Ste 270
Orlando, FL 32817	
Project Name Project Description	Wellsprings-Remove knockout roses and replace Replace knockout roses with Panama Rose
Scope of Work	

QTY	
UoM/Size	
Material/Description	
Unit Price	
Total	

6.00	HOUR	Enhancement Labor - Demo and prep	$30.00	$180.00	
110.00	EACH	Panama Rose- Trinette 3 gal. Shrub/perennial Installed	$12.25	$1,347.50	
2.00	HOUR	Irrigation Technician	$35.00	$70.00	
3.00	CUBIC YARD	Mulch Installed - State variety	$35.00	$105.00	

For internal use only			
SO#	8173483		
JOB#	345200313			
Service Line	130	Total Price	$1,702.50	
THIS IS NOT AN INVOICE
This proposal is valid for thirty (30) days unless otherwise approved by Contractor's Senior Vice President
103 West 7th Street, Orlando, FL 32824 ph. (407) 290-6542 fax (407) 291-4966

Proposal for Extra Work at Myrtle Creek Improvement Distr	
	
Property Name Property Address	
Myrtle Creek Improvement Distr 7251 Lake Nona Blvd
Orlando, FL 32827	
Contact To
Billing Address	
Doyle Batten
Myrtle Creek Improvement District 3501 Quadrangle Blvd Ste 270
Orlando, FL 32817	
	Project Name Project Description	Stromanthe to elephant ear
remove stromanthe and replace with mixed elephant ears
Scope of Work			

QTY

1.00

9.00

1.00
1.00	
UoM/Size

HOUR EACH
CUBIC YARD
HOUR	
Material/Description

Enhancement Labor - Demo and prep
Philodendron selloum - 7 gal. (Mixed variety) Shrub/perennial Installed
Mulch Installed - natural hardwood Irrigation Technician	
Unit Price

$30.00

$89.28

$35.00
$35.00	
Total

$30.00

$803.56

$35.00
$35.00	

For internal use only	
SO#	8173465	
JOB#	345200313	
Service Line	130	Total Price	$903.56	
THIS IS NOT AN INVOICE
This proposal is valid for thirty (30) days unless otherwise approved by Contractor's Senior Vice President
103 West 7th Street, Orlando, FL 32824 ph. (407) 290-6542 fax (407) 291-4966

Proposal for Extra Work at Myrtle Creek Improvement Distr	
	
Property Name Property Address	
Myrtle Creek Improvement Distr 7251 Lake Nona Blvd
Orlando, FL 32827	
Contact To
Billing Address	
Doyle Batten
Myrtle Creek Improvement District 3501 Quadrangle Blvd Ste 270
Orlando, FL 32817	
	Project Name Project Description	Remove Anise and Replace(June Ins) Remove 2 declining Anise and replace
Scope of Work			

QTY

1.00

1.00	
UoM/Size

HOUR

EACH	
Material/Description

Enhancement Labor - Demo and prep
Illicium parviflorum 'Anise' - 7 gal. Shrub/perennial Installed	
Unit Price

$30.00

$37.00	
Total

$30.00

$37.00	
1.00

1.00	HOUR

CUBIC YARD	Irrigation Technician
Bulk Clean Fill Dirt (Picked-Up) CY - Amendment Installed	$35.00

$142.75	$35.00

$142.75	

For internal use only	
SO#	8173479	
JOB#	345200313	
Service Line	130	Total Price	$244.75	
THIS IS NOT AN INVOICE
This proposal is valid for thirty (30) days unless otherwise approved by Contractor's Senior Vice President
103 West 7th Street, Orlando, FL 32824 ph. (407) 290-6542 fax (407) 291-4966

Proposal for Extra Work at Myrtle Creek Improvement Distr	

Property Name Property Address	
Myrtle Creek Improvement Distr 7251 Lake Nona Blvd
Orlando, FL 32827	
Contact To
Billing Address	
Doyle Batten
Myrtle Creek Improvement District 3501 Quadrangle Blvd Ste 270
Orlando, FL 32817	
Project Name Project Description	Pine tree restaking
restake pine trees that are leaning over on berm
Scope of Work	

QTY

5.00	
UoM/Size

EACH	
Material/Description

Lodge Poles - 2 poles & Arbor Tie - 1"-2" Trees	
Unit Price

$67.16	
Total

$335.79	

For internal use only	
SO#	8142468	
JOB#	345200313	
Service Line	130	Total Price	$335.79	
THIS IS NOT AN INVOICE
This proposal is valid for thirty (30) days unless otherwise approved by Contractor's Senior Vice President
103 West 7th Street, Orlando, FL 32824 ph. (407) 290-6542 fax (407) 291-4966

Proposal for Extra Work at Myrtle Creek Improvement Distr	

Property Name Property Address	
Myrtle Creek Improvement Distr 7251 Lake Nona Blvd
Orlando, FL 32827	
Contact To
Billing Address	
Doyle Batten
Myrtle Creek Improvement District 3501 Quadrangle Blvd Ste 270
Orlando, FL 32817	
Project Name Project Description	pine straw
add pine straw under areas of pine
Scope of Work	

QTY

30.00	
UoM/Size

EACH	
Material/Description

Pine Straw - Bale	
Unit Price

$15.00	
Total

$450.00	

For internal use only	
SO#	8157313	
JOB#	345200313	
Service Line	130	Total Price	$450.00	
THIS IS NOT AN INVOICE
This proposal is valid for thirty (30) days unless otherwise approved by Contractor's Senior Vice President
103 West 7th Street, Orlando, FL 32824 ph. (407) 290-6542 fax (407) 291-4966

Proposal for Extra Work at Myrtle Creek Improvement Distr	

Property Name Property Address	
Myrtle Creek Improvement Distr 7251 Lake Nona Blvd
Orlando, FL 32827	
Contact To
Billing Address	
Doyle Batten
Myrtle Creek Improvement District 3501 Quadrangle Blvd Ste 270
Orlando, FL 32817	
Project Name Project Description	Bush Alamanda
Replace and fill in bush alamanda in median
Scope of Work			

QTY

4.00
60.00
2.00
2.00	
UoM/Size HOUR EACH HOUR
CUBIC YARD	
Material/Description

Enhancement Labor - Demo and prep
Allamanda Bush - 3 gal. Shrub/perennial Installed Irrigation Modification
Mulch Installed -gold hardwood	
Unit Price

$35.00
$12.25
$35.00
$35.00	
Total

$140.00
$735.00
$70.00
$70.00	

For internal use only			
SO#	8142412		
JOB#	345200313			
Service Line	130	Total Price	$1,015.00	
THIS IS NOT AN INVOICE
This proposal is valid for thirty (30) days unless otherwise approved by Contractor's Senior Vice President
103 West 7th Street, Orlando, FL 32824 ph. (407) 290-6542 fax (407) 291-4966

MYRTLE CREEK IMPROVEMENT DISTRICT

District’s Financial Position and Budget to Actual YTD

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$1,062,853.23				
68,922.90				
4,192.40				
5,000.00				
20,167.07				
25,078.11				
4,300.00				
213,635.30				
	$27,157.70			
	11,788.44			
	319,612.50			
	259,512.13			
	1,503.39			
			$505.15	
			35,516.70	
$1,404,149.01	$619,574.16		$36,021.85	
$0.00	$0.00		$0.00	
$1,404,149.01	$619,574.16		$36,021.85	

General Long- Term Debt		Total	

$0.00		

$1,062,853.23
68,922.90
4,192.40
5,000.00
20,167.07
25,078.11
4,300.00
213,635.30
27,157.70
11,788.44
319,612.50
259,512.13
1,503.39
505.15
35,516.70
$2,059,745.02	

$580,628.02 13,749,371.98
$14,330,000.00		

$580,628.02 13,749,371.98
$14,330,000.00	
$14,330,000.00		$16,389,745.02	

Current Assets
General Checking Account Money Market Account
State Board of Administration Pond Reserve
Assessments Receivable Due From Other Funds 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

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
Current Year 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

General Long- Term Debt		Total	

$0.00		

$1,888.90 7,651.70
20,167.07
27,157.70
505.15
505.15
$57,875.67	

$14,330,000.00
$14,330,000.00		

$14,330,000.00
$14,330,000.00	
$14,330,000.00		$14,387,875.67	

$0.00

$14,330,000.00		

$1,285,711.94
25,078.11

(409,756.02)
473,407.31

1,253,347.79
(660,931.33)

(417,951.06)
821,825.46
(368,862.85)

$2,001,869.35

$16,389,745.02	

Liabilities and Net Assets

7,651.70
20,167.07

$29,707.67		

$27,157.70

$27,157.70		

$505.15 505.15
$1,010.30	
$0.00		$0.00		$0.00	
$29,707.67		$27,157.70		$1,010.30	

$1,285,711.94
25,078.11

(409,756.02)
473,407.31

$1,374,441.34		

$1,253,347.79 (660,931.33)

$592,416.46		

($417,951.06) 821,825.46
(368,862.85)

$35,011.55	
					
$1,404,149.01		$619,574.16		$36,021.85	

$1,888.90

Capital Projects Fund

Myrtle Creek Improvement District
Statement of Activities As of 7/31/2023	
	
General Fund	
Debt Service	
Capital Projects Fund	
General Long- Term Debt	
Total	

Revenues						
On-Roll Assessments	$916,650.47				$916,650.47	
Other Income & Other Financing Sources	631.24				631.24	
Inter-Fund Transfers In	25,078.11				25,078.11	
On-Roll Assessments		$1,234,394.41			1,234,394.41	
Inter-Fund Group Transfers In		(25,078.11)			(25,078.11)	
Developer Contributions			$1,302.20		1,302.20	
Total Revenues	

$942,359.82	

$1,209,316.30	

$1,302.20	

$0.00	

$2,152,978.32	
Expenses						
Supervisor Fees	$7,200.00				$7,200.00	
Public Officials' Liability Insurance	3,892.00				3,892.00	
Trustee Services	6,775.32				6,775.32	
Management	31,875.03				31,875.03	
Engineering	4,049.48				4,049.48	
Disclosure	1,750.00				1,750.00	
Property Appraiser	2,013.69				2,013.69	
District Counsel	13,816.07				13,816.07	
Assessment Administration	7,500.00				7,500.00	
Reamortization Schedules	125.00				125.00	
Audit	3,625.00				3,625.00	
Arbitrage Calculation	1,750.00				1,750.00	
Travel and Per Diem	61.12				61.12	
Postage & Shipping	9.78				9.78	
Legal Advertising	2,296.25				2,296.25	
Miscellaneous	8.82				8.82	
Meeting Room	305.73				305.73	
Office Supplies	282.55				282.55	
Web Site Maintenance	2,250.00				2,250.00	
Holiday Decorations	600.00				600.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	1,306.68				1,306.68	
Entry Lighting	214.92				214.92	
Water Reclaimed	26,279.81				26,279.81	
Aquatic Contract	3,250.00				3,250.00	
General Liability Insurance	4,458.00				4,458.00	
Irrigation	14,750.66				14,750.66	
Landscaping Maintenance & Material	151,404.70				151,404.70	
Tree Trimming	31,500.00				31,500.00	
Flower & Plant Replacement	12,025.00				12,025.00	

Myrtle Creek Improvement District
Statement of Activities As of 7/31/2023

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

Contingency	907.00								907.00	
IME - Aquatics Maintenance	2,630.30								2,630.30	
IME - Irrigation	1,835.66								1,835.66	
IME - Landscaping	72,294.10								72,294.10	
IME - Lighting	632.54								632.54	
IME - Miscellaneous	650.48								650.48	
IME - Water Reclaimed	725.30								725.30	
Pest Control	1,405.00								1,405.00	
Entry and Wall Maintenance	1,464.00								1,464.00	
Streetlights	9,624.02								9,624.02	
Personnel Leasing Agreement	30,000.10								30,000.10	
Principal Payments			$1,390,000.00						1,390,000.00	
Interest Payments			505,600.00						505,600.00	
District Counsel					$1,311.50				1,311.50	
Legal Advertising					495.85				495.85	
Contingency					380,220.75				380,220.75	
Total Expenses	$457,719.11		$1,895,600.00		$382,028.10		$0.00		$2,735,347.21	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$13,844.71								$13,844.71	
Interest Income			$25,351.80						25,351.80	
Dividends Income			0.57						0.57	
Interest Income					$11,862.55				11,862.55	
Dividends Income					0.50				0.50	
Total Other Revenues (Expenses) & Gains (Losses)	$13,844.71		$25,352.37		$11,863.05		$0.00		$51,060.13	
Change In Net Assets	$498,485.42		($660,931.33)		($368,862.85)		$0.00		($531,308.76)	

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	

$1,374,441.34		

$592,416.46		

$35,011.55		

$0.00		

$2,001,869.35	

Actual	Budget	Variance

FY 2023	Percentage Adopted Budget		Spent

$	985,499.44	$	850,152.15	$	135,347.29	$  1,020,182.57	96.60%	

$	

7,200.00	

$	

10,000.00	

$	

(2,800.00)	

$	12,000.00	

60.00%	
	
3,892.00		
3,887.50		
4.50	
4,665.00	
83.43%	
	6,775.32		8,333.33		(1,558.01)	10,000.00	67.75%	
	31,875.03		35,416.67		(3,541.64)	42,500.00	75.00%	
	4,049.48		8,333.33		(4,283.85)	10,000.00	40.49%	
	1,750.00		5,833.33		(4,083.33)	7,000.00	25.00%	
	2,013.69		1,666.67		347.02	2,000.00	100.68%	
	13,816.07		20,833.33		(7,017.26)	25,000.00	55.26%	
	7,500.00		6,250.00		1,250.00	7,500.00	100.00%	
	125.00		208.33		(83.33)	250.00	50.00%	
	3,625.00		3,333.33		291.67	4,000.00	90.63%	
	1,750.00		750.00		1,000.00	900.00	194.44%	
	61.12		250.00		(188.88)	300.00	20.37%	
	-		41.67		(41.67)	50.00	0.00%	
	9.78		833.33		(823.55)	1,000.00	0.98%	
	-		1,666.67		(1,666.67)	2,000.00	0.00%	
	2,296.25		5,416.67		(3,120.42)	6,500.00	35.33%	
	-		300.00		(300.00)	360.00	0.00%	
	8.82		7,916.66		(7,907.84)	9,500.00	0.09%	
	305.73		333.33		(27.60)	400.00	76.43%	
	282.55		208.33		74.22	250.00	113.02%	
	-		2,083.33		(2,083.33)	2,500.00	0.00%	
	2,250.00		2,250.00		-	2,700.00	83.33%	
	600.00		1,041.67		(441.67)	1,250.00	48.00%	
	175.00		145.83		29.17	175.00	100.00%	

Revenues

On-Roll Assessments	$	916,650.47	$	781,934.42	$	134,716.05	$	938,321.30	97.69%	
Other Income & Other Financing Sources	631.24	-	631.24	-		
Carryforward Revenue	68,217.73	68,217.73	-	81,861.27	83.33%	
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	$	90,360.84	$	127,333.31	$	(36,972.47)	$	152,800.00	59.14%	

Actual		Budget	Variance	Adopted Budget	Spent	

$	961.99	

$	

1,250.00	

$	(288.01)	

$	1,500.00	

64.13%	
214.92		416.67	(201.75)	500.00	42.98%	

22,452.94		
16,666.67	
5,786.27	
20,000.00	
112.26%	

3,250.00		
3,333.33	
(83.33)	
4,000.00	
81.25%	
-		4,166.67	(4,166.67)	5,000.00	0.00%	

4,458.00		
3,750.00	
708.00	
4,500.00	
99.07%	
-		1,416.67	(1,416.67)	1,700.00	0.00%	
-		416.67	(416.67)	500.00	0.00%	
13,925.36		37,500.00	(23,574.64)	45,000.00	30.95%	
121,829.90		219,647.60	(97,817.70)	263,577.12	46.22%	
394.90		394.90	-	473.88	83.33%	
31,500.00		33,333.33	(1,833.33)	40,000.00	78.75%	
12,025.00		41,666.67	(29,641.67)	50,000.00	24.05%	
907.00		71,387.65	(70,480.65)	85,665.18	1.06%	
1,405.00		2,341.67	(936.67)	2,810.00	50.00%	
-		41,666.67	(41,666.67)	50,000.00	0.00%	

2,630.30		
2,782.50	
(152.20)	
3,339.00	
78.78%	
1,835.66		2,625.00	(789.34)	3,150.00	58.27%	
72,294.10		72,294.08	0.02	86,752.89	83.33%	
-		10,500.00	(10,500.00)	12,600.00	0.00%	
632.54		1,050.00	(417.46)	1,260.00	50.20%	
650.48		5,250.00	(4,599.52)	6,300.00	10.33%	
725.30		1,312.50	(587.20)	1,575.00	46.05%	

-		
12,500.00	
(12,500.00)	
15,000.00	
0.00%	

1,464.00		
8,333.33	
(6,869.33)	
10,000.00	
14.64%	
9,624.02		12,500.00	(2,875.98)	15,000.00	64.16%	

30,000.10		
30,000.00	
0.10	
36,000.00	
83.33%	

-		
16,666.67	
(16,666.67)	
20,000.00	
0.00%	
-		1,966.67	(1,966.67)	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	$	333,181.51	$	657,135.92	$  (323,954.41)	$	788,563.07	42.25%

		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
29,179.90
- 344.69
- 3,826.87		

$	

6,666.67
29,849.58
8,333.33
16,416.67
2,916.67
2,083.33		

$	

(5,841.37)
(669.68)
(8,333.33)
(16,071.98)
(2,916.67)
1,743.54	

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

10.32%
81.46%
0.00%
1.75%
0.00%
153.07%	
Total Wellspring Blvd./Performance Drive Expenses	$	34,176.76		$	66,266.25		$	(32,089.49)	$	79,519.50		42.98%	

Total Expenses	
$	
457,719.11		
$	
850,735.48		
$	
(393,016.37)	
$  1,020,882.57		
44.84%	

Income (Loss) from Operations	
$	
527,780.33		
$	
(583.33)		
$	
528,363.66		
$	
(700.00)			

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

$
$	

13,844.71
13,844.71		

$
$	

583.33
583.33		

$
$	

13,261.38
13,261.38	

$	700.00
$	700.00		

1977.82%
1977.82%	
Net Income (Loss)	$	541,625.04		$	-		$	541,625.04		$	-			

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 7/31/2023

		Oct-22			Nov-22	

Revenues						
On-Roll Assessments	$	-		$	60,977.57	
Other Income & Other Financing Sources		-			-	
Carryforward Revenue		6,821.77			6,821.78	
Net Revenues	$	6,821.77		$	67,799.35	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	-		$	1,800.00	
Financial & Administrative						
Public Officials' Liability Insurance		3,892.00			-	
Trustee Services		-			6,775.32	
Management		3,541.67			-	
Engineering		-			-	
Disclosure		-			-	
Property Appraiser		-			-	
District Counsel		-			-	
Assessment Administration		7,500.00			-	
Reamortization Schedules		-			125.00	
Audit		-			-	
Arbitrage Calculation		-			-	
Travel and Per Diem		-			-	
Telephone		-			-	
Postage & Shipping		-			-	
Copies		-			-	
Legal Advertising		-			249.50	
Bank Fees		0.20			(0.20)	
Miscellaneous		-			0.97	
Meeting Room		-			-	
Office Supplies		-			-	
Property Taxes		-			-	
Web Site Maintenance		-			-	
Holiday Decorations		-			-	
Dues, Licenses, and Fees		175.00			-	
Total General & Administrative Expenses	$	15,108.87		$	8,950.59	

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

Dec-22

$ 167,183.04
- 6,821.77
$ 174,004.81	Jan-23

$ 246,969.04
- 6,821.77
$ 253,790.81		

$

$	Feb-23

326,979.79
- 6,821.77
333,801.56		

$

$	Mar-23

48,131.20
- 6,821.78
54,952.98		

$

$	Apr-23

28,168.64
631.24
6,821.77
35,621.65		

$

$	May-23

15,556.73
- 6,821.77
22,378.50		

$

$	Jun-23

13,930.47
- 6,821.77
20,752.24		

$

$	Jul-23

8,753.99
- 6,821.78
15,575.77	YT

$

$	D Actual

916,650.47
631.24
68,217.73
985,499.44	

$	800.00	
$	-		
$	
800.00		
$	
800.00		
$	
1,000.00		
$	
1,000.00		
$	
1,000.00		
$	
-	
$	
7,200.00	
-			-			-			-			-			-			-			-		3,892.00	
-			-			-			-			-			-			-			-		6,775.32	
7,083.34			3,541.67			3,541.67			3,541.67			3,541.67			3,541.67			3,541.67			-		31,875.03	
1,219.38			187.50			-			796.02			571.02			383.52			696.02			196.02		4,049.48	
-			250.00			-			-			-			-			1,500.00			-		1,750.00	
-			-			2,013.69			-			-			-			-			-		2,013.69	
3,317.01			-			1,309.15			894.50			2,813.20			-			1,862.56			3,619.65		13,816.07	
-			-			-			-			-			-			-			-		7,500.00	
-			-			-			-			-			-			-			-		125.00	
-			-			-			-			-			-			3,625.00			-		3,625.00	
-			-			-			-			1,750.00			-			-			-		1,750.00	
17.80			7.60			-			-			14.08			8.96			12.68			-		61.12	
-			-			-			-			-			-			-			-		-	
0.57			0.57			-			6.84			-			-			1.80			-		9.78	
-			-			-			-			-			-			-			-		-	
484.00			223.25			-			446.50			223.25			223.25			223.25			223.25		2,296.25	
-			-			-			-			-			-			-			-		-	
0.98			0.99			0.98			0.98			0.98			0.98			0.98			0.98		8.82	
53.54			72.29			-			-			64.25			51.40			64.25			-		305.73	
-			-			-			245.00			-			-			37.55			-		282.55	
-			-			-			-			-			-			-			-		-	
-			405.00			135.00			-			1,305.00			-			270.00			135.00		2,250.00	
600.00			-			-			-			-			-			-			-		600.00	
-			-			-			-			-			-			-			-		175.00	
$  13,576.62		$	4,688.87		$	7,800.49		$	6,731.51		$	11,283.45		$	5,209.78		$	12,835.76		$	4,174.90	$	90,360.84	

$	107.80
19.52		

$	

110.88
23.87		

$	

107.63
25.28		

$	

104.53
24.99		

$	

106.68
26.27		

$	

106.65
25.41		

$	

105.82
24.71		

$	

106.59
25.35	

$	

961.99
214.92	
2,759.30			2,075.15

325.00
-			1,768.17

325.00
-			1,677.80

325.00
-			2,222.56			2,692.06			3,275.96			2,939.55

325.00
-		22,452.94	
325.00
-												325.00
-			325.00
-			325.00
-					3,250.00
-	
-
-
- 5,849.79			-
-
- 105.01			-
-
- 1,843.97			-
-
-
-			-
-
- 2,729.71			-
-
- 1,194.97			-
-
- 2,201.91			-
-
-
-		4,458.00
-
- 13,925.36	

						Myrtle Creek Improvement District															
						Budget to	Actual															
						For the Month Ending 7/31/2023															
		
Oct-22		
Nov-22		
Dec-22	
Jan-23	
Feb-23			
Mar-23			
Apr-23		
May-23			
Jun-23			
Jul-23	
Landscaping Maintenance & Material																					
District Landscaping		-		24,365.98		24,365.98	-	12,182.99			12,182.99			12,182.99		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		39.49			39.49			39.49	
Tree Trimming		-		31,500.00		-	-	-			-			-		-			-			-	
Flower & Plant Replacement		-		875.00		1,150.00	-	-			-			-		-			-			10,000.00	
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		263.03			263.03			263.03	
IME - Irrigation		-		-		-	832.70	-			-			328.07		-			674.89			-	
IME - Landscaping		7,229.41		7,229.41		7,229.41	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		67.92			61.37			58.04	
IME - Miscellaneous		-		-		-	-	554.40			96.08			-		-			-			-	
IME - Water Reclaimed		-		76.94		64.34	23.47	68.90			76.29			241.26		54.55			57.82			61.73	
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		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		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		$ 28,254.55		$	30,515.47		$	37,304.25	

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		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		38.44			38.11			38.37	
Miscellaneous		-		-		-	-	-			-			-		-			-			-	
Water Reclaimed		-		517.29		223.22	399.76	281.76			275.13			389.19		534.66			514.66			691.20	
Total Wellspring Blvd./Performance Drive	$	-		$	6,391.21		$	6,922.56	$	438.48	$	3,238.05		$	3,231.29		$	3,345.76		$  3,491.09		$	3,470.76		$	3,647.56	
Expenses																					
Total Expenses	 $ 	30,423.81 		 $  87,304.66 		 $  66,799.54    $  21,661.33    $	39,597.26 		 $ 	38,556.17 		 $ 	44,472.22 		 $ 36,955.42 		 $ 	46,821.99 		 $ 	45,126.71 	
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)		$ (14,576.92)		$	(26,069.75)		$	(29,550.94)	
Other Income (Expense)																					
Interest Income	$	41.47		$	42.51		$	963.67	$	52.86	$	53.30		$	9,226.83		$	52.24		$	58.52		$	3,296.91		$	56.40	
Total Other Income (Expense)	$	41.47		$	42.51		$	963.67	$	52.86	$	53.30		$	9,226.83		$	52.24		$	58.52		$	3,296.91		$	56.40	
Net Income (Loss)	$	(23,560.57)		$ (19,462.80)		$ 108,168.94	$ 232,182.34	$  294,257.60		$	25,623.64		$	(8,798.33)		$ (14,518.40)		$	(22,772.84)		$	(29,494.54)	

 
YTD Actual	

121,829.90	
394.90	
31,500.00	
12,025.00	
907.00	
1,405.00	
-	
2,630.30	
1,835.66	
72,294.10	
-	
632.54	
650.48	
725.30	
-	
1,464.00	
9,624.02	
30,000.10	
-	
-	
$	333,181.51	

$	
825.30	
	29,179.90	
	-	
	344.69	
	-	
	3,826.87	
$	34,176.76	

$	
457,719.11	

$	
527,780.33	

$	
13,844.71	
$	13,844.71	
$	541,625.04	

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		
-	-	37,242.02	(38,682.10)	1,152,171.21		
-	-	35,994.03	(34,114.58)	1,154,050.66		
-	-	20,787.56	(111,984.99)	1,062,853.23		
-	-	25,078.11	(26,967.01)	1,060,964.33	as of 08/12/2023	

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	
5/1/2023	1,153,611.29	
6/1/2023	1,152,171.21	
7/1/2023	1,154,050.66	
8/1/2023	1,062,853.23	

Totals	2,249,894.17	(2,131,389.58)	2,191,846.32	(1,705,614.48)

Myrtle Creek Improvement District Construction Tracking - mid-August

Amount
Series 2016 Bond Issue
Original Construction Fund	$	513,425.32 Additions (Interest, Transfers from DSR, etc.)		233,701.56
Cumulative Draws Through Prior Month	(711,610.18)
==========
Construction Funds Available	$	35,516.70

Requisitions This Month
==========
Total Requisitions This Month	$	-
==========
Funds Remaining	$	35,516.70

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

Total Committed	$	-
==========	
Net Uncommitted		35,516.70