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, February 20, 2024, at 6900 Tavistock Lakes Blvd. Ste 200, 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: pfmcdd.webex.com	Participant Code: 2531 126 0013#

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the December 12, 2023, Board of Supervisors’ Meeting
(provided under separate cover)
Consideration of Resolution 2024-01, Designating Authorized Signatories for the District’s Bank Account(s)
Consideration of Resolution 2024-02, Election of Officers

Business Matters
Ratification of Operation and Maintenance Expenditures Paid in December 2023 in an amount totaling $28,914.97
Ratification of Operation and Maintenance Expenditures Paid in January 2024 in an amount totaling $93,825.08
Recommendation of Work Authorization/Proposed Services (if applicable)
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor
Landscape Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

Minutes of the December 12, 2023 Board of Supervisors’ Meeting (provided under separate cover)

Resolution 2024-01, Designating Authorized Signatories for the
District’s Bank Account(s)

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT AUTHORIZING THE DISTRICT MANAGER TO DESIGNATE THE AUTHORIZED SIGNATORIES FOR THE DISTRICT’S OPERATING BANK ACCOUNT(S); 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, and Situated entirely within Orange County, Florida; and

WHEREAS, the Board of Supervisors of the District ("Board") has selected a depository as defined in Section 280.02, Florida Statutes, which meets all the requirements of Chapter 280 and has been designated by the State Chief Financial Officer as a qualified public depository; and

WHEREAS, the Board desires now to authorize signatories for the operating bank accounts(s).

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

Section 1.	The Chairperson, Vice Chairperson, Secretary, Assistant Secretaries, Treasurer and Assistant Treasurers are hereby designated as authorized signatories for the operating bank account(s) of the District.	
Section 2.	This Resolution shall take effect immediately upon its adoption.	

PASSED AND ADOPTED THIS 20th DAY of February 2024.

MYRTLE CREEK IMPROVEMENT
ATTEST:	DISTRICT

Secretary/Assistant Secretary	Chair/Vice-Chair

Resolution 2024-02, Election of Officers

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS,	the	MYRTLE	CREEK	IMPROVEMENT	DISTRICT
(hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District desires to elect the Officers of the District.

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

Section 1.	Bob Da Silva		is elected Chair.	
Section 2.	Kam Shenai		is elected Vice Chair.	
Section 4.	Jennifer Walden		is elected Secretary.	
Section 5.	Lynne Mullins		is elected Assistant Secretary.	
	John Lynaugh		is elected Assistant Secretary.	
	Kyle Scholl		is elected Assistant Secretary.	
	Marsha Leed		is elected Assistant Secretary.	
Section 5.	Jennifer Glasgow		is elected Treasurer.	
Section 6.	Amanda Lane		is elected Assistant Treasurer.	
	Amy Champagne		is elected Assistant Treasurer.	
	Rick Montejano		is elected Assistant Treasurer.	
	Verona Griffith		is elected Assistant Treasurer.	

Section 7.	All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.	
Section 8.	This Resolution shall its adoption.	become	effective	immediately upon	
PASSED AND ADOPTED THIS 20th DAY of February 2024.

MYRTLE CREEK
ATTEST:	IMPROVEMENT DISTRICT

Secretary/Assistant Secretary	Chair/Vice-Chair

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in December 2023 in an amount totaling
$28,914.97

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

The total items being presented:    $28,914.97

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

		Myrtle Creek Improvement District AP Check Register (Current by Bank) heck Dates: 12/1/2023 to 12/31/2023		
Check No.	Date	Status*	Vendor ID	Payee Name	Amount	
BANK ID: SUN - CIT% NATIONAL BANK			001-101-0000-00-01	
3	12/0'/23	"D	Boggy Creek "#$ro%& District	()'& 0	
12/0'/23	D-. C	Dona*+ ,& c"ntosh Associates	(12)&00	
)	12/0'/23	/12A/	/utak Rock	(200&)0	
4	12/0'/23	-R536.	-r*an+o 3entine*	(21 &)0	
0	12/0'/23	2R1326	13 Bank as 2rustee 7or yrt*e	(21 8'04&34	
'	12/22/23	A,	A9uatic ,ee+ Contro*8 "nc&	(32)&00	
12/22/23	B6R A.	er#an Construction	(18000&00	
30	12/22/23	P: ;C	P: ;rou$ Consu*ting	(38' )&'3	
31	12/2 /23	B6R A.	er#an Construction	(38000&01	
		BANK SUN REGISTER TOTAL:	
$223,708.10	
		GRAND TOTAL :	
$223,708.10	

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

Funding Request #144	
10/20/2023	
Item	Payee	Invoice	General	Fiscal	
No.		Number	Fund	Year	

1	
Orlando Sentinel					
	Legal Advertising on 10/04/2023 (Ad: 7506228)	OSC80865573	$	58.90	  FY 2024 	
		
TOTAL	
$	
58.90		

-	FY 2023	
58.90	FY 2024	

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

Payment Authorization #607

11/30/2023		
Item No.	Payee	Invoice Number	General Fund	Fiscal Year	

1	Donald W McIntosh Associates					
Engineering Services Through 11/03/2023	45008	$	125.00		FY2024		
2	Kutak Rock					
General Counsel Through 10/31/2023	3311483	$	277.50		FY2024		
3	Orlando Sentinel					
Legal Advertising on 11/06/2023 (Ad: 7524174)	OSC82772535	$	219.50		FY 2024		
	
TOTAL	
$	
622.00		

FY 2023

I:

622.00	FY2024

d�

Chairperson

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

LaneA@pfm.com II (407) 723-5925		
[ RECEIVED
By Amanda Lane at 10:30 am, Dec 08, 2023

Orlando, FL 32817

1

Digitally signed by Daniel J Young

ON.C=l.JS,
Daniel J. Young: ·i c": ;:; 1 0::m,
Co., CN=Dardel J. Young Date: 2023 12.06 10'.33·06-05'00'

l

Payment Authorization #608
12/8/2023

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Aquatic Weed Control			
	December Waterway Maintenance	90742	$	325.00	
2	Berman Construction			
	Holiday Decorations	41131	$	1,000.00	
	December Administrator & Irrigation Specialist	41383	$	3,000.01	
3	Boggy Creek Improvement District			
	November ICM Expenses	ICM2024-02	$  13,915.75	
4	ouc
Acct 478400001, Service: 11/01/2023 - 12/01/2023		
$	6,097.48	
5	PFM Group Consulting			
	December OM Fee	DM-12-2023-34	$	3,895.83	
		
TOTAL	
$  28,234.07	

&rf:.ct
::/Assistant Secretary

Chairperson

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

l

LaneA@pfm.com II (407) 723-5925		
[ RECEIVED
By Amanda Lane at 11:18 am, Dec 21, 2023

Dig altv111gnedby OanielJ.
,w..,
ON C"US.
Daniel J. Young : =: .
CNo<OanlelJ.Young
Date:202312.1419:35:58-0S'OO'

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in January 2024 in an amount totaling
$93,825.08

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 January 1, 2024 through January 31, 2024. This does not include expenditures previously approved by the Board.

The total items being presented:    $93,825.08

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

Myrtle Creek Improvement District AP Check Register (Current by Bank) Check Dates: 1/1/2024 to 1/31/2024
Check No.	Date	Status*	Vendor ID	Payee Name	Amount

BANK ID: OM1471 - CIT( NATIONAL BANK	**1-1*1-****-**-*1

32	01/11/24	 	B'R A(	Ber#an Construction		$%%0&00	
33	01/11 24	 	B)+.	Bright)ie* +an,sca-e .er/ices		$40143 &00	
34	01/11 24	 	2.C45+	2y3e .cho33		$200&00	
3%	01/11 24	 	267A2	2utak Rock		$ 23&%0	
38	01/11 24	 	+DA.9+	+ione3 R& Dasi3/a		$200&00	
30	01/11 24	 	 +''D	 arsha +ee,		$200&00	
3 	01/11 24	 	5R+.'(	5r3an,o .entine3		$21%&8 	
3 	01/11 24	 	P: ;C	P: ;rou- Consu3ting		$0101 &%0	
	01/11 24	 	);+5BA	);3oba37ech		$13%&00	
1	1/1 /24	 	A=C	A<uatic =ee, Contro31 9nc&		$32%&00	
2	1/1 /24	 	P: ;C	P: ;rou- Consu3ting		$31 0 &%4	
3	1/1 /24	 	7R6.7'	6. Bank as 7rustee >or yrt3e		$3%81 1 &3 	
	1/22/24	 	B'R A(	Ber#an Construction		$31000&01	
%	1/22/24	 	B)+.	Bright)ie* +an,sca-e .er/ices		$1%1041&00	
					BANK OM1471 REGISTER TOTAL:	$437,374.61	

BANK ID: OM-ACH - CIT( NATIONAL BANK - ACH 3 4IRES	**1-1*1-****-**-*1

00000

1/1 /24		56C	5r3an,o 6ti3ities Co##ission	$%13 &04

BANK OM-ACH REGISTER TOTAL:	$5,398.74

GRAND TOTAL :	$442,773.35

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #609

12/15/2023		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
BrightView Landscape Services			
	Repair Turf Damage from Car Accident	8717295	$	215.00	
	October Section 1 & 2 Landscaping	8718412	$  15,741.00-	
	November Section 1 & 2 Landscaping	8718415	$  15,741.00	
	December Section 1 & 2 Landscaping	8718416	$  15,741.00	
2	PFM Group Consulting			
	FY 2024 Tax Roll	127524	$	7,500.00	
	October Billable Expenses	128435	$	219.50	
3	Supervisor Fees - 12/12/2023 Meeting			
	Marsha Leed		$	200.00	
	Kyle Scholl		$	200.00	
	Bob da Silva		$	200.00	
4	VGlobalTech			
	December Website Maintenance	5641	$	135.00	

TOTAL	$  55,892.50

Chairperson

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 8:48 am, Jan 08, 2024

,gta	tJy()ar, J
"CN":'"C:US
Daniel J. Y0ung l wr iav:;,
Oam91 OIXIQ
Date	22
1144.U.OS

'
'

MYRTLE CREEK IMPROVEMENT DISTRICT

Payment Authorization #61O

12/22/2023				
Item No.	Payee	Invoice Number	General Fund	

1	
Berman Construction
Power Washing of Monument	

41690	

$	550.00	
2	Kutak Rock
General Counsel Through 11/30/2023	
3327962	
$	823.50	
3	Orlando Sentinel
Legal Advertising on 12/04/2023 (Ad: 7539913)	
OSC84315237	
$	215.68	
		
TOTAL	
$	1,589.18	

rot cl!tLJ
-  y/Assistant Secretary	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 8:48 am, Jan 08, 2024

,01,1,1,1allysqlfd by Damel .l 0NCsU9
Daniel J. Young ;:i !=' ; :;o
'-CN-Dlln,e!J!voung
o te 20Z3 1 31
ri.:191'"°5'00'

Payment Authorization #611

1/5/2024				
Item No.	Payee	Invoice Number	General Fund	

1	
Aquatic Weed Control			
	January Waterway Service	91810	$	325.00	
2	Berman Construction			
	January Administrator & Irrigation Specialist	42201	$	3,000.01	
3	Boggy Creek Improvement District
December ICM Expenses	
ICM2024-03	
$	7,970.11	
4	BrightView Landscape Services
January Section 1 & 2 Landscaping	
8728899	
$  15,741.00	
		
TOTAL	
$  27,036.12	

Chairperson

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

l

LaneA@pfm.com II (407) 723-5925		
[ RECEIVED
By Amanda Lane at 2:01 pm, Jan 17, 2024

0191taUysignedby DanlelJ. Young

Daniel J. Young ; : :;,?t'i;/

ONf C=-U
0
:: -.
CN=DanielJ. Young
Date· 2021-01.12 08:53:27--0S'OO

Payment Authorization #612
1/12/2024

Item
No.	Payee	Invoice
Number	General
Fund	

1	ouc
Utility Service 12/01/2023 - 01/02/2024	

Acct: 4782400001	

$	5,398.74	
2	PFM Group Consulting			
	December Billable Expenses	129181	$	12.71	
	January District Management Fee	DM-01-2024-34	$	3,895.83	
		
TOTAL	
$	9,307.28	

tary/Assistant Secretary

Chairperson

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

[ RECEIVED

Digitally signed by Daniel J. Young
DN: C=US,

l

Daniel J. Youn:g: i ic:9 : :; : ;i°m.
Co., CN=Daniel J. Young
Date: 2024.01.14
21:45:07-05'00'

By Amanda Lane at 2:01 pm, Jan 17, 2024

Work Authorization/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$1,146,107.85				
68,955.90				
4,312.09				
10,000.00				
506,377.14				
4,300.00				
261,195.57				
	$689,827.37			
	327,627.94			
	647,480.77			
	1,503.39			
			$47.64	
			36,405.22	
$2,001,248.55	$1,666,439.47		$36,452.86	
$0.00	$0.00		$0.00	
$2,001,248.55	$1,666,439.47		$36,452.86	

General Long- Term Debt		Total	

$0.00		

$1,146,107.85
68,955.90
4,312.09
10,000.00
506,377.14
4,300.00
261,195.57
689,827.37
327,627.94
647,480.77
1,503.39
47.64
36,405.22
$3,704,140.88	

$976,612.10 13,353,387.90
$14,330,000.00		
$976,612.10 13,353,387.90
$14,330,000.00	
$14,330,000.00		$18,034,140.88	

Current Assets
General Checking Account Money Market Account
State Board of Administration Pond Reserve
Assessments Receivable Deposits
General Reserve Assessments Receivable Debt Service Reserve Revenue
Prepayment
Due From Other Funds Acquisition/Construction
Total Current Assets

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

Page 1 of 2

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

47.64
7,885.70
506,377.14

$527,683.95		

$689,827.37

$689,827.37		

$47.64
$47.64	
$0.00		$0.00		$0.00	
$527,683.95		$689,827.37		$47.64	

$1,310,790.05 (72,855.38)
235,629.93		

$630,722.89 345,889.21		

($417,951.06) 453,904.47
451.81	
$1,473,564.60		$976,612.10		$36,405.22	
					
$2,001,248.55		$1,666,439.47		$36,452.86	

$13,373.47

Capital Projects Fund

General Long- Term Debt		Total	

$0.00		

$13,373.47
47.64
7,885.70
506,377.14
689,827.37
47.64
$1,217,558.96	

$14,330,000.00
$14,330,000.00		
$14,330,000.00
$14,330,000.00	
$14,330,000.00		$15,547,558.96	

$1,310,790.05 (72,855.38)
235,629.93
630,722.89
345,889.21
(417,951.06)
453,904.47
451.81	
$0.00		$2,486,581.92	
			
$14,330,000.00		$18,034,140.88	

Page 2 of 2

	General Fund	Debt Service	Capital Projects Fund	General Long- Term Debt	Total	
Revenues
On-Roll Assessments On-Roll Assessments Developer Contributions
Total Revenues	

$419,682.29				

$419,682.29	
		$571,724.74			571,724.74	
			$106.54		106.54	

$419,682.29	

$571,724.74	

$106.54	

$0.00	

$991,513.57	
Expenses						
Supervisor Fees	$600.00				$600.00	
Public Officials' Liability Insurance	4,048.00				4,048.00	
Trustee Services	6,176.23				6,176.23	
Management	15,583.32				15,583.32	
Engineering	832.51				832.51	
District Counsel	2,781.96				2,781.96	
Assessment Administration	7,500.00				7,500.00	
Travel and Per Diem	12.71				12.71	
Legal Advertising	904.18				904.18	
Miscellaneous	3.47				3.47	
Web Site Maintenance	840.00				840.00	
Holiday Decorations	1,000.00				1,000.00	
Dues, Licenses, and Fees	175.00				175.00	
Electric	501.04				501.04	
Entry Lighting	84.79				84.79	
Water Reclaimed	11,560.16				11,560.16	
Aquatic Contract	1,300.00				1,300.00	
General Liability Insurance	4,636.00				4,636.00	
Irrigation	455.01				455.01	
Landscaping Maintenance & Material	63,121.96				63,121.96	
Tree Trimming	9,100.00				9,100.00	
Flower & Plant Replacement	1,665.00				1,665.00	
IME - Aquatics Maintenance	1,052.12				1,052.12	
IME - Irrigation	869.40				869.40	
IME - Landscaping	30,148.12				30,148.12	
IME - Lighting	141.54				141.54	
IME - Water Reclaimed	85.42				85.42	

Page 1 of 2

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

Entry and Wall Maintenance	550.00								550.00	
IME - Landscape Improvements	5,156.55								5,156.55	
Streetlights	3,236.12								3,236.12	
Personnel Leasing Agreement	12,000.04								12,000.04	
Interest Payments			$232,200.00						232,200.00	
Legal Advertising					$106.54				106.54	
Total Expenses	$186,120.65		$232,200.00		$106.54		$0.00		$418,427.19	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$2,068.29								$2,068.29	
Dividends Income			$6,364.47						6,364.47	
Dividends Income					$451.81				451.81	
Total Other Revenues (Expenses) & Gains (Losses)	$2,068.29		$6,364.47		$451.81		$0.00		$8,884.57	
Change In Net Assets	$235,629.93		$345,889.21		$451.81		$0.00		$581,970.95	
Net Assets At Beginning Of Year	$1,237,934.67		$630,722.89		$35,953.41		$0.00		$1,904,610.97	

Net Assets At End Of Year	
$1,473,564.60		
$976,612.10		
$36,405.22		
$0.00		
$2,486,581.92	

Page 2 of 2

Budget to Actual

Variance		FY 2024 Adopted		Percentage	
		Budget		Spent	

$	110,498.36		

$	927,551.80		

45.25%	
-		84,522.75		33.33%	
$	110,498.36		$  1,012,074.55		44.25%	

$	(3,400.00)		

$	12,000.00		

5.00%	
2,493.00		4,665.00		86.77%	
3,842.90		7,000.00		88.23%	
(0.01)		46,750.00		33.33%	
(2,500.82)		10,000.00		8.33%	
(600.00)		1,800.00		0.00%	
(833.33)		2,500.00		0.00%	
(5,551.37)		25,000.00		11.13%	
5,000.00		7,500.00		100.00%	
(83.33)		250.00		0.00%	
(1,333.33)		4,000.00		0.00%	
(300.00)		900.00		0.00%	
(87.29)		300.00		4.24%	
(16.67)		50.00		0.00%	
(333.33)		1,000.00		0.00%	
(666.67)		2,000.00		0.00%	
(1,262.49)		6,500.00		13.91%	
(120.00)		360.00		0.00%	
(3,163.18)		9,500.00		0.04%	
(266.67)		800.00		0.00%	
(90.00)		270.00		0.00%	
(60.00)		2,700.00		31.11%	
666.67		1,000.00		100.00%	
116.67		175.00		100.00%	
$	(8,549.25)		$	147,020.00		27.52%	

For the Month Ending 01/31/2024

Revenues
On-Roll Assessments Carryforward Revenue
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
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
Total General & Administrative Expenses

Actual

Budget

$	419,682.29
28,174.25	$	309,183.93
28,174.25	
$	447,856.54	$	337,358.18	

$	

600.00	

$	4,000.00	
	4,048.00	1,555.00	
	6,176.23	2,333.33	
	15,583.32	15,583.33	
	832.51	3,333.33	
	-	600.00	
	-	833.33	
	2,781.96	8,333.33	
	7,500.00	2,500.00	
	-	83.33	
	-	1,333.33	
	-	300.00	
	12.71	100.00	
	-	16.67	
	-	333.33	
	-	666.67	
	904.18	2,166.67	
	-	120.00	
	3.47	3,166.65	
	-	266.67	
	-	90.00	
	840.00	900.00	
	1,000.00	333.33	
	175.00	58.33	
$	40,457.38	$	49,006.63	

Page 1 of 3

Budget to Actual				
For the Month Ending 01/31/2024				

Actual	Budget			
Variance	FY 2024 Adopted	Percentage
Budget	Spent	

$	366.16	$	500.00		

$	

(133.84)	$	1,500.00	24.41%	
84.79	166.67			(81.88)	500.00	16.96%	
10,166.91	8,333.33			1,833.58	25,000.00	40.67%	
1,300.00	1,300.00			-	3,900.00	33.33%	
-	1,666.67			(1,666.67)	5,000.00	0.00%	
4,636.00	1,666.67			2,969.33	5,000.00	92.72%	
-	566.67			(566.67)	1,700.00	0.00%	
-	33.33			(33.33)	100.00	0.00%	
455.01	15,000.00			(14,544.99)	45,000.00	1.01%	
50,944.20	87,859.04			(36,914.84)	263,577.12	19.33%	
157.96	157.96			-	473.88	33.33%	
9,100.00	13,333.33			(4,233.33)	40,000.00	22.75%	
1,665.00	16,666.67			(15,001.67)	50,000.00	3.33%	
-	28,471.73			(28,471.73)	85,415.18	0.00%	
-	936.67			(936.67)	2,810.00	0.00%	
-	16,666.67			(16,666.67)	50,000.00	0.00%	
1,052.12	1,113.00			(60.88)	3,339.00	31.51%	
869.40	1,050.00			(180.60)	3,150.00	27.60%	
30,148.12	30,148.13			(0.01)	90,444.38	33.33%	
141.54	420.00			(278.46)	1,260.00	11.23%	
-	2,100.00			(2,100.00)	6,300.00	0.00%	
85.42	525.00			(439.58)	1,575.00	5.42%	
5,156.55	4,200.00			956.55	12,600.00	40.93%	
-	5,000.00			(5,000.00)	15,000.00	0.00%	
550.00	3,333.33			(2,783.33)	10,000.00	5.50%	
3,236.12	5,000.00			(1,763.88)	15,000.00	21.57%	
12,000.04	12,000.00			0.04	36,000.00	33.33%	
-	6,666.67			(6,666.67)	20,000.00	0.00%	
-	786.67			(786.67)	2,360.00	0.00%	
$	132,115.34	$	265,668.21		$	(133,552.87)	$	797,004.56	16.58%	

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 - Lighting
IME - Miscellaneous IME - Water Reclaimed
IME - Landscape Improvements
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

Page 2 of 3

Budget to Actual
For the Month Ending 01/31/2024

Wellspring Blvd./Performance Drive Expense

Variance

FY 2024 Adopted Budget

Percentage Spent

Irrigation Repairs	$	(1,743.50)	$	5,230.50	0.00%	
Landscaping	7.80	36,036.00	33.35%	
Flower & Plant Replacement	(3,333.33)	10,000.00	0.00%	
Lighting	(3,359.62)	10,483.50	1.29%	
Miscellaneous	(1,166.67)	3,500.00	0.00%	
Water Reclaimed	226.58	3,500.00	39.81%	

$	261,969.22		$	(700.00)			

$	
1,834.96		
$	700.00		
295.47%	
$	1,834.96		$	700.00		295.47%	
$	263,804.18		$	-			

Total Wellspring Blvd./Performance Drive Expenses

Actual		Budget	

$	

-		

$	1,743.50	
	12,019.80		12,012.00	
	-		3,333.33	
	134.88		3,494.50	
	-		1,166.67	
	1,393.25		1,166.67	
$	13,547.93		$	22,916.67	

$	
186,120.65		
$	337,591.51	
$	261,735.89		$	(233.33)	

$	
2,068.29		
$	233.33	
$	2,068.29		$	233.33	
$	263,804.18		$	-	

$	(9,368.74)

$	68,750.00

19.71%

Total Expenses

Income (Loss) from Operations

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

Net Income (Loss)

$  (151,470.86)

$  1,012,774.56	18.38%

Page 3 of 3

YTD Actual

$	419,682.29
28,174.25	
$	447,856.54

$	600.00

4,048.00
6,176.23
15,583.32
832.51
-
- 2,781.96
7,500.00
-
-
- 12.71
-
-
- 904.18
- 3.47
-
- 840.00
1,000.00
175.00	
$	40,457.38

$	366.16
84.79

10,166.91

1,300.00
-

4,636.00
-
- 455.01

50,944.20
157.96	

Oct-23				Nov-23		Dec-23		Jan-24	

$	-		
$	
96,165.13		
$ 255,365.68		
$	68,151.48	
7,043.56			7,043.57		7,043.56		7,043.56	
$	7,043.56		$	103,208.70		$ 262,409.24		$	75,195.04	

$	
-		
$	
-		
$	600.00		
$	-	
4,048.00	-		-		-	
6,176.23	-		-		-	
3,895.83	3,895.83		3,895.83		3,895.83	
-	125.00		-		707.51	
-	-		-		-	
-	-		-		-	
-	277.50		823.50		1,680.96	
-	-		7,500.00		-	
-	-		-		-	
-	-		-		-	
-	-		-		-	
-	-		-		12.71	
-	-		-		-	
-	-		-		-	
-	-		-		-	
-	469.00		435.18		-	
-	-		-		-	
-	1.16		1.15		1.16	
-	-		-		-	
-	-		-		-	
-	270.00		135.00		435.00	
-	-		1,000.00		-	
175.00	-		-		-	
$	14,295.06	$	5,038.49		$	14,390.66		$	6,733.17	

$	

-		

$	

120.99		

$	122.34		

$	122.83	
	-			28.06		28.18		28.55	
	-			2,190.62		4,365.66		3,610.63	
325.00			325.00		325.00		325.00	
-			-		-		-	
4,636.00			-		-		-	
-			-		-		-	
-			-		-		-	
455.01			-		-		-	

Revenues
On-Roll Assessments Carryforward Revenue
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
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
Total General & Administrative Expenses

Field Operations
Electric Utility Services
Electric
Entry Lighting
Water-Sewer Combination Services
Water Reclaimed
Stormwater Control
Aquatic Contract Lake/Pond Repair Reserve
Other Physical Environment General Liability Insurance Property & Casualty Insurance Auto Insurance
Irrigation

-
39.49

-
39.49

38,208.15
39.49

12,736.05
39.49

Landscaping Maintenance & Material District Landscaping
Gateway Road Landscaping

Page 1 of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 01/31/2024	
		
Oct-23		
Nov-23		
Dec-23			
Jan-24	
Tree Trimming	-		-		-			9,100.00	
Flower & Plant Replacement	-		-		215.00			1,450.00	
Contingency	-		-		-			-	
Pest Control	-		-		-			-	
Hurricane Cleanup	-		-		-			-	
Interchange Maintenance Expenses									
IME - Aquatics Maintenance	263.03		263.03		263.03			263.03	
IME - Irrigation	-		869.40		-			-	
IME - Landscaping	-		15,074.06		7,537.03			7,537.03	
IME - Lighting	-		48.51		46.88			46.15	
IME - Miscellaneous	-		-		-			-	
IME - Water Reclaimed	-		1.74		83.68			-	
IME - Landscape Improvements	7,537.03		(2,380.48)		-			-	
New Operational Field Expenses									
Trail Repair	-		-		-			-	
Road & Street Facilities									
Entry and Wall Maintenance	-		-		550.00			-	
Streetlights	-		1,073.06		1,073.06			1,090.00	
Parks & Recreation									
Personnel Leasing Agreement	3,000.01		3,000.01		3,000.01			3,000.01	
Contingency									
Infrastructure Capital Reserve	-		-		-			-	
Interchange Maintenance Reserve	-		-		-			-	
Total Field Operations Expenses	$	16,255.57		$  20,653.49		$	55,857.51		$	39,348.77	
Wellspring Blvd./Performance Drive Expenses
Irrigation Repairs Landscaping
Flower & Plant Replacement Lighting
Miscellaneous Water Reclaimed
Total Wellspring Blvd./Performance Drive Expenses
Total Expenses	

$	-		

$	-		

$	-		

$	

-	
	-		-		9,014.85			3,004.95	
	-		-		-			-	
	-		44.88		44.88			45.12	
	-		-		-			-	
	-		430.59		462.21			500.45	
	$	-		$	475.47		$	9,521.94		$	3,550.52	
	 $	30,550.63 		 $  26,167.45 		 $	79,770.11 		 $		49,632.46 	
Income (Loss) from Operations	$	(23,507.07)		$  77,041.25		$ 182,639.13		$	25,562.58	
Other Income (Expense)
Interest Income
Total Other Income (Expense)	

$	59.66		

$	56.92		

$	1,883.42		

$	

68.29	
	$	59.66		$	56.92		$	1,883.42		$	68.29	
Net Income (Loss)	$ (23,447.41)		$  77,098.17		$ 184,522.55		$	25,630.87	

 
YTD Actual

9,100.00
1,665.00
-
-
-

1,052.12
869.40
30,148.12
141.54
- 85.42
5,156.55
- 550.00
3,236.12

12,000.04

-
-	
$	132,115.34

$	-
12,019.80
- 134.88
- 1,393.25	
$	13,547.93

$	186,120.65	

$	261,735.89

$	2,068.29	
$	2,068.29	
$	263,804.18	

Page 2 of 2

Myrtle Creek Improvement District Cash Flow

FY23 Inflows	FY23 Outflows	FY24 Inflows	FY24 Outflows	End. Cash	
	-		-			
7.89	(8,000.00)	-	-	560,497.88		
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		
69,469.51	(90,647.55)	-	-	1,041,675.19		
6,167.58	(118,495.98)	-	(8,684.00)	920,662.79		
5,481.50	(32,350.81)	12.03	(3,500.01)	890,305.50		
-	(13,119.39)	227,239.29	(29,996.32)	1,074,429.08		
-	-	605,083.42	(243,721.33)	1,435,791.17		
-	-	161,060.14	(450,743.46)	1,146,107.85		
-	-	-	(13,421.11)	1,132,686.74	as of 02/08/2024	

Beg. Cash

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	
9/1/2023	1,041,675.19	
10/1/2023	920,662.79	
11/1/2023	890,305.50	
12/1/2023	1,074,429.08	
1/1/2024	1,435,791.17	
2/1/2024	1,146,107.85	

Totals	2,247,886.80	(1,933,261.20)	993,394.88	(750,066.23)