Myrtle Creek Improvement District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; Phone: 407-723-5900 www.myrtlecreekid.org

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Myrtle Creek Improvement District (“District”), scheduled to be held at 5:00 p.m. on Tuesday, April 16, 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 February 20, 2024, Board of Supervisors’ Meeting
Consideration of Resolution 2024-03, General Election

Business Matters
Consideration of Annual Arbitrage Rebate Calculations Proposal from Arbitrage Rebate Counselors, LLC
Review of Fiscal Year 2025 Operations & Maintenance Budget
Review of Trail Maintenance Inspection Report (provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in February 2024 in an amount totaling $54,372.40
Ratification of Operation and Maintenance Expenditures Paid in March 2024 in an amount totaling $37,364.36
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 February 20, 2024 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, February 20, 2024, at 5:00 p.m. at 6900 Tavistock Lakes Blvd., Suite 200, Orlando, FL 32827.

Present:			
Kam Shenai	Vice Chairman		
John Lynaugh	Assistant Secretary		
Kyle Scholl	Assistant Secretary		
Marsha Leed	Assistant Secretary		
Also attending:			
Jennifer Walden	PFM		
Lynne Mullins	PFM		
Amanda Lane	PFM	(via phone)	
Jeffrey Newton	Donald W. McIntosh Associates		
Greg Platt	Donald W. McIntosh Associates		
Tucker Mackie	Kutak Rock		
Ryan Dugan	Kutak Rock	(via phone)	
Katie Harmer	Berman		
Samantha Sharenow	Berman		
DJ Batten	Berman		

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 December 12, 2023, Board of Supervisors’ Meeting
The Board reviewed the minutes of the December 12, 2023, Board of Supervisors’ Meeting.

On motion by Mr. Shenai, seconded by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the December 12, 2023, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Consideration of Resolution 2024-01, Designating Authorized Signatories for the District’s Bank Account(s)

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Ms. Walden stated the this is an updated Resolution to add more officers to be able to handle District business.

On motion by Mr. Lynaugh, seconded by Ms. Leed, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2024-01, Designating Authorized Signatories for the District’s Bank Account (s).

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2024-02, Election of Officers

Ms. Walden explained that District staff would like to update the officer list to include additional Assistant Treasurers to handle items on the back end.

On motion by Mr. Shenai, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2024-02, Election of Officers, with Mr. Bob da Silva as Chair, Mr. Kam Shenai as Vice Chair, Ms. Jennifer Walden as Secretary, Ms. Lynne Mullins, Mr. John Lynaugh, Mr. Kyle Scholl, and Ms. Marsha Leed as Assistant Secretaries, Ms. Jennifer Glasgow as Treasurer, and Ms. Amanda Lane, Ms. Amy Champagne, Mr. Rick Montejano, and Ms. Verona Griffith as Assistant Treasurers.

SIXTH ORDER OF BUSINESS	Consideration of Trail Maintenance Proposal with Berman
Ms. Walden stated this proposal from Berman is for a one-time cost of $300.00 to go out and inspect the trails, monitor the landscape and pathways, clean signs, replace broken items, survey the landscape, fix minor issues and send written recommendations for significant problems. She noted the recommendation from District staff would be to have this done at least once a year.

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 Trail Maintenance Inspection Proposal with Berman in the amount of $300.00.

SEVENTH ORDER OF BUSINESS	Consideration	of	Tree	Trimming Proposal with DWC
Ms. Walden stated this proposal is for Lake Nona Boulevard at a cost of $37,500.00. The District has already spent $9,100.00, so this item would put the District over the budget but there are contingency funds to cover it. She noted the price is higher due to the loop by the school being added in.
There was a brief discussion regarding the vendor and the three-year plan for tree trimming.

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On motion by Ms. Leed, seconded by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Tree Trimming Proposal with DWC in the amount of
$37,500.00.

EIGHTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in December 2023 in an amount totaling
$28,914.97

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

On motion by Mr. Shenai, seconded by Mr. Scholl, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in December 2023 in an amount totaling $28,914.97.

NINTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in January 2024 in an amount totaling
$93,825.08
Ms. Walden noted that these Operation and Maintenance Expenditures have been approved and need to be ratified by the Board.

On motion by Mr. Scholl, seconded by Mr. Lynaugh, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures paid in January 2024 in an amount totaling $93,825.08.

TENTH ORDER OF BUSINESS	Recommendation of Work Authorization/Proposed Services
Ms. Walden stated there were no Work Authorizations.

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

Ms. Walden stated the financials are updated through the end of January, and the District has expenses of just over $186,000.00 versus a little over $1,000,000.00 budget. This equates to roughly 18% of the budget being spent so far.
Mr. Shenai asked about the surplus funds available to the District. Ms. Walden responded that those funds were agreed by the Board to leave in the bank account to use for items as needed. Discussion ensued amongst the Board Members. Ms. Mackie added that the Board can use unassigned funds or reserve funds for items like trail maintenance.

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Mr. Shenai reviewed some of the line items, explained that the District has a large surplus and noted the District has been able to keep assessments the same for several years and this is good news to share with the residents. Mr. Scholl agreed but wanted to remind everyone that expectations need to be set that the surplus is going to need to be used sooner than later to fix the trail. He asked if District staff could obtain quotes. Mr. Newton responded that the scope needs to be clearly defined in order to obtain the quotes requested. Discussion ensued and the Board was reminded that Berman will be doing a survey of the trail and will provide feedback on items that need to be addressed which should assist in what type of work will be needed.

Mr. Shenai asked for information regarding increasing assessments by $5 per month and how much that would generate for the year. Ms. Walden replied that the team can compile that information to share with the Board.

TWELFTH ORDER OF BUSINESS	Staff Reports

District Counsel –	Ms. Mackie informed the Board that they should have received an email with links to access free on demand ethics training to comply with the new requirement. She noted the Board is to self-report the training in 2025. Additionally, the Form 1 will be filled electronically starting this year.	
District Manager –	Ms. Walden stated the next Board Meeting is Tuesday, March 12, 2024, which is moved up a week due to Spring Break. The meeting time is also being moved up to earlier in the day and the calendar invite will be sent out when the time is confirmed.	
District Engineer –	No report.	
Construction Supervisor –	No report.	
Landscape Supervisor –	The fire ant treatment will happen in the next couple of weeks.	
Irrigation Supervisor –	No report.	

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests

Mr. Shenai asked about the process for items that need to be addressed in the District. Ms. Walden replied that those items can be sent to herself, Ms. Mullins, or the Berman team to be addressed.
However, depending on the cost of the work to be done, it will be sent over to the District Manager and/or the Chairman for approval before the work is started.

FOURTEENTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Scholl, seconded by Mr. Lynaugh, with all in favor, the February 20, 2024, Meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

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MYRTLE CREEK IMPROVEMENT DISTRICT

Resolution 2024-03, General Election

RESOLUTION 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT IMPLEMENTING SECTION 190.006(3), FLORIDA STATUTES, AND REQUESTING THAT THE ORANGE COUNTY SUPERVISOR OF ELECTIONS CONDUCT THE DISTRICT’S GENERAL ELECTIONS; PROVIDING FOR COMPENSATION; SETTING FORTH THE TERMS OF OFFICE; AUTHORIZING NOTICE OF THE QUALIFYING PERIOD; AND PROVIDING FOR SEVERABILITY AND 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 entirely within the City of Orlando, Florida; and
WHEREAS, the Board of Supervisors of the District (“Board”) seeks to implement Section 190.006(3), Florida Statutes, and to instruct the Orange County Supervisor of Elections (“Supervisor”) to conduct the District’s elections by the qualified electors of the District at the general election (“General Election”).
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT:

GENERAL ELECTION SEATS. Seat 1, currently held by Marsha Leed, and Seat 2, currently held by Kam Shenai are scheduled for the General Election beginning in November 2024. The District Manager is hereby authorized to notify the Supervisor of Elections as to what seats are subject to General Election for the current election year, and for each subsequent election year.
QUALIFICATION PROCESS. For each General Election, all candidates shall qualify for individual seats in accordance with Section 99.061, Florida Statutes, and must also be a qualified elector of the District. A qualified elector is any person at least 18 years of age who is a citizen of the United States, a legal resident of the State of Florida and of the District, and who is registered to vote with the Orange County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.

COMPENSATION. Members of the Board receive $200 per meeting for their attendance and no Board member shall receive more than $4,800 per year.

TERM OF OFFICE. The term of office for the individuals to be elected to the Board in the General Election is four years. The newly elected Board members shall assume office on the second Tuesday following the election.

REQUEST TO SUPERVISOR OF ELECTIONS. The District hereby requests the Supervisor to conduct the District’s General Election in November 2024, and for each subsequent General Election unless otherwise directed by the District’s Manager. The District understands that it will be responsible to pay for its proportionate share of the General Election cost and agrees to pay same within a reasonable time after receipt of an invoice from the Supervisor.
PUBLICATION. The District Manager is directed to publish a notice of the qualifying period for each General Election, in a form substantially similar to Exhibit A attached hereto.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED this 16th day of April, 2024.
MYTLE CREEK IMPROVEMENT DISTRICT

CHAIRPERSON/VICE CHAIRPERSON
ATTEST:

SECRETARY/ASSISTANT SECRETARY

EXHIBIT A
NOTICE OF QUALIFYING PERIOD FOR CANDIDATES FOR THE BOARD OF SUPERVISORS OF THE MYRTLE CREEK IMPROVEMENT DISTRICT
Notice is hereby given that the qualifying period for candidates for the office of Supervisor of the Myrtle Creek Improvement District (“District”) will commence at noon on June 10, 2024, and close at noon on June 14, 2024. Candidates must qualify for the office of Supervisor with the Orange County Supervisor of Elections located at 119 W. Kaley Street, Orlando, Florida 32806; Ph: (407) 836-2070. All candidates shall qualify for individual seats in accordance with Section 99.061, Florida Statutes, and must also be a “qualified elector” of the District, as defined in Section 190.003, Florida Statutes. A “qualified elector” is any person at least 18 years of age who is a citizen of the United States, a legal resident of the State of Florida and of the District, and who is registered to vote with the Orange County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.
The Myrtle Creek Improvement District has two (2) seats up for election, specifically seats 1 and 2. Each seat carries a four-year term of office. Elections are nonpartisan and will be held at the same time as the general election on November 5, 2024, and in the manner prescribed by law for general elections.
For additional information, please contact the Orange County Supervisor of Elections.

Publish on or before May 26, 2024.

MYRTLE CREEK IMPROVEMENT DISTRICT

Annual Arbitrage Rebate Calculations Proposal from Arbitrage Rebate Counselors, LLC

Arbitrage Rebate Counselors, LLC
Arbitrage Regulations Compliance for Issuers of Tax-Exempt Bonds

April 9, 2024

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

Re:	Proposal - Annual Arbitrage Calculations - $19,810,000 Myrtle Creek ID - Special Assessment Rev. Refunding Bonds, Series 2016A (Issued: 9/14/2016) ("2016A Bonds")
Dear Myrtle Creek Improvement District:

Arbitrage Rebate Counselors is pleased to provide you with this engagement letter to perform annual arbitrage calculations for the above-referenced 2016A Bonds.

The annual arbitrage calculations will cover the one-year period from September 14, 2021 to September 14, 2022, and each one-year period thereafter ending on September 14th•
\
Our services include: (1) obtaining all relevant records, (2) compiling a computerized record of bond proceeds disbursements and interest earnings, (3) calculating the 2016A Bond yield, (4) computing arbitrage liability (if any), (5) preparing an arbitrage opinion letter, and (6) assisting Myrtle Creek ID with making arrangements for paying any arbitrage due.

To do the annual arbitrage calculations, we will need: (1) trust fund bank statements and
(2) select bond closing documents.
Our quote to prepare each annual arbitrage calculation is a "flat-fee" of $350.00. Myrtle Creek ID may terminate this engagement at its discretion.

Acknowledged and accepted:
Signed:	 	 Name:	 	 Title:		
Date:		
32 Whitemarsh Road, Ardmore, PA 19003 Tel. 610-764-7998 Email: jcrogers279@gmail.com

MYRTLE CREEK IMPROVEMENT DISTRICT

Fiscal Year 2025 Operations & Maintenance Budget

	Actual Through 03/31/2024	Anticipated 04/2024 -
09/2024	Anticipated Total FY 2024	FY 2024 Adopted Budget	FY 2025
Proposed Budget	

Revenues						
On-Roll Assessments	$	734,096.33	$	193,455.47	$	927,551.80	$	858,801.80	$	858,801.80	
Wellspring Assessments	-	-	-	68,750.00	68,750.00	
Carryforward Revenue	42,261.38	42,261.37	84,522.75	84,522.75	93,549.98	
Net Revenues	$	776,357.71	$  235,716.85	$ 1,012,074.56	$  1,012,074.56	$  1,021,101.78	
General & Administrative Expenses						
Legislative						
Supervisor Fees	$	1,400.00	$	6,000.00	$	7,400.00	$	12,000.00	$	12,000.00	
Financial & Administrative						
Public Officials' Liability Insurance	4,048.00	-	4,048.00	4,665.00	4,655.20	
Trustee Services	6,176.23	-	6,176.23	7,000.00	7,000.00	
Management	23,374.98	23,375.02	46,750.00	46,750.00	46,750.00	
Engineering	1,520.01	8,479.99	10,000.00	10,000.00	10,000.00	
Disclosure	-	1,750.00	1,750.00	1,800.00	1,800.00	
Property Appraiser	2,986.11	-	2,986.11	2,500.00	2,500.00	
District Counsel	3,288.96	21,711.04	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	-	250.00	250.00	250.00	250.00	
Audit	-	3,765.00	3,765.00	4,000.00	3,765.00	
Arbitrage Calculation	-	900.00	900.00	900.00	900.00	
Travel and Per Diem	25.67	274.33	300.00	300.00	300.00	
Telephone	-	50.00	50.00	50.00	25.00	
Postage & Shipping	-	1,000.00	1,000.00	1,000.00	1,000.00	
Copies	-	2,000.00	2,000.00	2,000.00	2,000.00	
Legal Advertising	904.18	5,595.82	6,500.00	6,500.00	6,500.00	
Bank Fees	12.00	348.00	360.00	360.00	360.00	
Miscellaneous	5.77	9,494.23	9,500.00	9,500.00	9,380.00	
Meeting Room	-	800.00	800.00	800.00	250.00	
Office Supplies	-	270.00	270.00	270.00	100.00	
Web Site Maintenance	1,110.00	1,710.00	2,820.00	2,700.00	3,000.00	
Holiday Decorations	1,000.00	-	1,000.00	1,000.00	1,250.00	
Dues, Licenses, and Fees	175.00	-	175.00	175.00	175.00	
Total General & Administrative Expenses	$	53,526.91	$	87,773.43	$	141,300.34	$	147,020.00	$	146,460.20	

Page 1 of 2

Actual Through 03/31/2024		Anticipated 04/2024 -
09/2024		Anticipated Total FY 2024	FY 2024 Adopted Budget	FY 2025
Proposed Budget	
Field Operations												
Electric Utility Services												
Electric	$	609.73		$	890.27		$	1,500.00	$	1,500.00	$	1,500.00	
Entry Lighting		139.82		360.18		500.00		500.00			500.00	
Water-Sewer Combination Services												
Water Reclaimed		15,533.54		15,533.54		31,067.08		25,000.00			32,500.00	
Stormwater Control												
Aquatic Contract		1,950.00		1,950.00		3,900.00		3,900.00			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		4,636.00		-		4,636.00		5,000.00			5,331.40	
Property & Casualty Insurance		-		-		-		1,700.00			1,700.00	
Auto Insurance		-		-		-		100.00			100.00	
Irrigation Repairs		455.01		30,000.00		30,455.01		45,000.00			45,000.00	
Landscaping Maintenance & Material												
District Landscaping		76,416.30		76,416.30		152,832.60		263,577.12			263,577.12	
Gateway Road Landscaping		236.94		236.94		473.88		473.88			473.88	
Tree Trimming		9,100.00		30,900.00		40,000.00		40,000.00			40,000.00	
Flower & Plant Replacement		6,409.39		43,590.61		50,000.00		50,000.00			50,000.00	
Contingency		-		20,000.00		20,000.00		85,415.18			85,415.18	
Pest Control		1,255.00		1,555.00		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		1,578.18		1,760.82		3,339.00		3,339.00			3,339.00	
IME - Irrigation Repairs		1,957.66		1,192.34		3,150.00		3,150.00			3,150.00	
IME - Landscaping		45,222.18		45,222.20		90,444.38		90,444.38			94,500.00	
IME - Lighting		227.28		1,032.72		1,260.00		1,260.00			1,260.00	
IME - Miscellaneous		96.08		6,203.92		6,300.00		6,300.00			6,300.00	
IME - Water Reclaimed		228.00		1,347.00		1,575.00		1,575.00			1,575.00	
IME - Landscape Improvements		5,156.55		7,443.45		12,600.00		12,600.00			12,600.00	
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		550.00		9,450.00		10,000.00		10,000.00			10,000.00	
Streetlights		5,416.12		9,583.88		15,000.00		15,000.00			15,000.00	
Parks & Recreation												
Personnel Leasing Agreement		18,000.06		17,999.94		36,000.00		36,000.00			36,000.00	
Reserves												
Infrastructure Capital Reserve		-		20,000.00		20,000.00		20,000.00			20,000.00	
Interchange Maintenance Reserve		-		2,360.00		2,360.00		2,360.00			2,360.00	
Total Field Operations Expenses	$	195,173.84		$  415,029.11		$	610,202.95	$	797,004.56	$	808,891.58	

Wellspring Blvd./Performance Drive Expenses												
Irrigation Repairs	$	-		$	5,230.50		$	5,230.50	$	5,230.50	$	5,230.50	
Landscaping		18,029.70		18,029.76		36,059.46		36,036.00			37,000.00	
Flower & Plant Replacement		-		9,000.00		9,000.00		10,000.00			10,000.00	
Lighting		224.64		10,258.86		10,483.50		10,483.50			9,519.50	
Miscellaneous		-		3,500.00		3,500.00		3,500.00			3,500.00	
Water Reclaimed		1,780.80		1,719.20		3,500.00		3,500.00			3,500.00	
Total Wellspring Blvd./Performance Drive Expenses	$	20,035.14		$	47,738.32		$	67,773.46	$	68,750.00	$	68,750.00	

Total Expenses	
$	268,735.89		
$  550,540.86		
$	819,276.75	
$  1,012,774.56	
$  1,024,101.78	
Income (Loss) from Operations	$	507,621.82		$  (314,824.01)		$	192,797.81	$	(700.00)		$	(3,000.00)	

Other Income (Expense)												
Interest Income	$	20,682.53		$	1,283.96		$	21,966.49	$	700.00	$	3,000.00	
Total Other Income (Expense)	$	20,682.53	$	1,283.96		$	21,966.49	$	700.00	$	3,000.00	
Net Income (Loss)	$	528,304.35		$  (313,540.05)		
$	214,764.30	$	-		$	-	
		
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Trail Maintenance Inspection Report
(provided under separate cover)

Operation and Maintenance Expenditures Paid in February 2024 in an amount totaling
$54,372.40

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 February 1, 2024 through February 29, 2024. This does not include expenditures previously approved by the Board.

The total items being presented:    $54,372.40

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

Myrtle Creek Improvement District AP Check Register (Current by Bank) Check Dates: 2/1/2024 to 2/29/2024
Check No.	Date	Status*	Vendor ID	Payee Name	Amount

BANK ID: OM1471 - CIT( NATIONAL BANK	001-101-0000-00-01

(	1/24	 	BC#D	Boggy Creek #$%ro&' District		)4*'(4	
*	1/24	 	B+-/	Bright+ie, -an.sca%e /er&ices		)104 0'00	
3	1/24	 	D45 C	Dona1. 2' c#ntosh Associates		)*0*' 1	
9	1/24	 	D2C47	D2C 4ut.oors 6 7au1ing --C		)90100'00	
	1/24	 	89:A8	8utak Rock		)10(30'9(	
1	1/24	 	+;-4BA	+;1oba1:ech		)4 '00	
	 /24	P	A2C	A<uatic 2ee. Contro10 #nc'		) 2 '00	
 	 /24	P	B=R A5	Ber$an Construction		) 0000'01	
	 /24	P	B+-/	Bright+ie, -an.sca%e /er&ices		)20043 ' 9	
	 /24	P	P> ;C	P> ;rou% Consu1ting		) 039 '3 	
(	*/24	 	?-@5A9	?ohn Peter - naugh		)200'00	
*	*/24	 	8/C74-	8y1e /cho11		)200'00	
3	*/24	 	8/7=5A	8a$a1akar /henai		)200'00	
9	*/24	 	 -==D	 arsha -ee.		)200'00	
					BANK OM1471 REGISTER TOTAL:	$41,927.34	

BANK ID: OM-ACH - CIT( NATIONAL BANK - ACH 4 5IRES	001-101-0000-00-01

*0001		49C	4r1an.o 9ti1ities Co$$ission	)40  9' (

BANK OM-ACH REGISTER TOTAL:	$4,559.36

GRAND TOTAL :	$46,486.70

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Funding Request #145
12/15/2023		
Item No.	Payee	Invoice Number	General Fund	

1	
Boggy Creek Improvement District				
	Reimbursement for Construction-Related Legal Advertising on Series 2013 Req 434	OSC83945445	$	47.64	
		
TOTAL	
$	
47.64	

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 #613
1/19/2024

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Brightview Landscape Services			
	Removal of 2 Pine Trees	8752868	$	1,450.00	
2	Donald W McIntosh Associates			
	Engineering Services Through 12/31/2023	45239	$	707.51	
3	owe Outdoors & Hauling
Hardwood Pruning	

2714	

$	9,100.00	
4	VGlobalTech			
	Q4 ADA Audit	5697	$	300.00	
	January Website Maintenance	5765	$	135.00	
		
TOTAL	
$  11,692.51	

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

01g1tally :iigned by Daniel J.

l

-Young
ON;C=US
Daniel J. YollJn:gt ; cige ;l pc: m.
Co.,CN=DanielJ. Young

By Amanda Lane at 12:42 pm, Jan 29, 2024

Date:2024,01.20 07·31:59-05'00'

Payment Authorization #614
1/26/2024

Item
No.	Payee	Invoice
Number	General
Fund	

1	
Kutak Rock
General Counsel Through 12/31/2023	

3340803	

$	1,680.96	
		
TOTAL	
$	1,680.96	

Chairperson

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

[ RECEIVED

l

By Amanda Lane at 9:28 am, Jan 31, 2024

Payment Authorization #615

2/2/2024				
Item No.	Payee	Invoice Number	General Fund	

1	
Berman Construction			
	February Administrator & Irrigation Specialist	42797	$	3,000.01	
2	Brightview Landscape Services
February Landscape Maintenance	
8762522	
$  15,741.00	
		
TOTAL	
$  18,741.01	

ry/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 8:38 am, Feb 05, 2024

J9itally:s1gned by Daniel J.
Young

D	y

ON: C=Lls
· I J	E=  n.young@tavistock.com.
3nle  .  OUnQ O=Jiavistoc velopment
C CN=Oat11&I J. Young
Dare: 2024 02.02
11 '.56:13--05 O'

Payment Authorization #616

2/9/2024		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	February Waterway Service	92921	$	325.00	
2	Boggy Creek Improvement District			
	January ICM Expenses	ICM2024-04	$	7,885.70	
3	ouc
Utility Service 01/02/2024 - 02/01/2024	
Acct: 4782400001	
$	4,559.36	
		
TOTAL	
$  12,770.06	

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	J
By Amanda Lane at 11:37 am, Feb 15, 2024
-

Payment Authorization #617
2/16/2024

Item
No.	Payee	Invoice
Number	General
Fund	

1	
BrightView Landscape Services			
	Magnolia Replacement	8752410	$	2,327.40	
	Oak Tree Replacement	8752411	$	2,416.99	
2	PFM Group Consulting
February OM Fee	
DM-02-2024-34	
$	3,895.83	
		
TOTAL	
$	8,640.22	

ary/Assistant Secretary

Chairperson

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

[ RECEIVED

By Amanda Lane at 8:54 am, Feb 22, 2024

Payment Authorization #618	
2/23/2024				
Item	Payee	Invoice	General	
No.		Number	Fund	

1	Supervisor Fees - 02/20/2024 Meeting		
	Marsha Leed	--	$	200.00	
	Kam Shenai	--	$	200.00	
	John Lynaugh	--	$	200.00	
	Kyle Scholl	--	$	200.00	
		
TOTAL	
$	800.00	

__________________________

_

Secretary/Assistant Secretary	Chairperson

By Amanda Lane at 8:40 am, Feb 26, 2024

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

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

Daniel J. Young

E=dan.young@tavistock.com, O=Tavistock Development Co., CN=Daniel J. Young
Date: 2024.02.24
13:43:40-05'00'

MYRTLE CREEK IMPROVEMENT DISTRICT

Operation and Maintenance Expenditures Paid in March 2024 in an amount totaling
$37,364.36

MYRTLE CREEK IMPROVEMENT DISTRICT
DISTRICT OFFICE ● 3501 QUADRANGLE BLVD STE 270 ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from March 1, 2024 through March 31, 2024. This does not include expenditures previously approved by the Board.

The total items being presented:    $37,364.36

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

Myrtle Creek Improvement District AP Check Register (Current by Bank) Check Dates: 3/1/2024 to 3/31/2024
Check No.	Date	Status*	Vendor ID	Payee Name	Amount

BANK ID: OM1471 - CIT( NATIONAL BANK

**1-1*1-****-**-*1

44 0	4	P	A$C	A#uatic $ee% Contro&' (nc)		*32 )00	
44 1	4	P	+-.A+	+utak Rock		* 0,)00	
44 2	4	P	P/ 0C	P/  0rou1 Consu&ting		*3'203),2	
44 3	4	P	4056BA	40&oba&.ech		*2,0)00	
44 4	4	 	B8R A9	Ber7an Construction		*3'000)01	
44 	4	 	B45;	Bright4ie: 5an%sca1e ;er<ices		*1 ',41)00	
44 	4	 	/AC	/ire Ant Contro&		*1'2 )00	
44 ,	4	 	.R-;.8	-; Bank as .rustee =or yrt&e		*423'312)22	
44 3	,/24	P	BC(D	Boggy Creek (71ro<) District		*2 )2,	
					BANK OM1471 REGISTER TOTAL:	$453,421.99	

BANK ID: OM-ACH - CIT( NATIONAL BANK - ACH 5 6IRES

**1-1*1-****-**-*1

,0002	12/24		6-C	6r&an%o -ti&ities Co77ission	*3', )43

BANK OM-ACH REGISTER TOTAL:	$3,765.48

GRAND TOTAL :	$457,187.47

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

MYRTLE CREEK IMPROVEMENT DISTRICT

Bill To:
Lake Nona Land Company
6900 Tavistock Lakes Blvd, Suite #200
Orlando, FL 32827

Funding Request #146
2/16/2024		
Item No.	Payee	Invoice Number	General Fund	

1	
Boggy Creek Improvement District				
	Reimbursement for Construction-Related Legal Advertising from BCID Requisition 440	OSC87032206	$	95.27	
		
TOTAL	
$	
95.27	

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 #619

3/1/2024		
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Brightview Landscape Services			
	March Section 1 & 2 Landscaping	8805483	$  15,741.00	
2	VGlobalTech
February Website Maintenance	
5870	
$	135.00	
		
TOTAL	
$  15,876.00	

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

[	l

RECEIVED
By Amanda Lane at 12:02 pm, Mar 05, 2024
---

Payment Authorization #620

3/8/2024				
Item	Payee	Invoice	General	
No.		Number	Fund	

1	
Aquatic Weed Control			
	March Waterway Service	94002	$	325.00	
2	Berman Construction			
	March Administrator & Irrigation Specialist	43456	$	3,000.01	
3	Boggy Creek Improvement District			
	February ICM Expenses	ICM2024-05	$	8,389.54	
4	Kutak Rock			
	General Counsel Through 01/31/2024	3355594	$	507.00	
5	ouc
Utility Service 02/01/2024 - 03/01/2024	
Acct: 4782400001	
$	3,765.48	
6	PFM Group Consulting			
	February Billable Expenses	129661	$	12. 6	
	March DM Fee	DM-03-2024-34	$	3,895.83	
7	VGlobalTech			
	March Website Maintenance	5952	$	135.00	
		
TOTAL	
$	20,030.82	

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
By Amanda Lane at 9:28 am, Mar 15, 2024

01gitatly signed by Daniel J. Young
DN: C=US,
Daniel j. Young;: : ! :cnkg ::1i o tm.
Co., CN=Oaniel J. Young Date· 2024.03.09
07 11 30-05'00'

Payment Authorization #621
3/15/2024

Item No.

Payee	Invoice
Number

General Fund

1	Fire Ant Control
Fire Ant Control	23592	$	1,255.00

TOTAL	$	1,255.00

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	]
By Amanda Lane at 8:28 am, Mar 20, 2024
---

Work Authorization/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

General Fund	Debt Service		Capital Projects Fund	
	
Assets			

$1,384,419.37				
68,966.31				
4,351.41				
10,000.00				
191,963.10				
4,300.00				
261,235.00				
	$261,507.45			
	428,319.92			
	330,290.37			
	651,540.13			
	1,503.39			
			$142.92	
			36,701.06	
$1,925,235.19	$1,673,161.26		$36,843.98	
$0.00	$0.00		$0.00	
$1,925,235.19	$1,673,161.26		$36,843.98	

General Long- Term Debt		Total	

$0.00		

$1,384,419.37
68,966.31
4,351.41
10,000.00
191,963.10
4,300.00
261,235.00
261,507.45
428,319.92
330,290.37
651,540.13
1,503.39
142.92
36,701.06
$3,635,240.43	

$983,333.89 13,346,666.11
$14,330,000.00		
$983,333.89 13,346,666.11
$14,330,000.00	
$14,330,000.00		$17,965,240.43	

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

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

Total Assets

Page 1 of 2

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

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

Total Liabilities

Net Assets
Net Assets, Unrestricted
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

Liabilities and Net Assets

8,702.22
191,963.10

$201,352.82		

$261,507.45

$261,507.45		

$47.65 142.92
$190.57	
$0.00		$0.00		$0.00	
$201,352.82		$261,507.45		$190.57	

$1,310,790.05
(95.27)
(72,855.38)
486,042.97		

$630,722.89 780,930.92		

($417,951.06) 453,904.47
700.00	
$1,723,882.37		$1,411,653.81		$36,653.41	
					
$1,925,235.19		$1,673,161.26		$36,843.98	

$687.50

Capital Projects Fund

General Long- Term Debt		Total	

$0.00		

$687.50 8,702.22
191,963.10
261,507.45
47.65
142.92
$463,050.84	

$14,330,000.00
$14,330,000.00		
$14,330,000.00
$14,330,000.00	
$14,330,000.00		$14,793,050.84	

$0.00

$14,330,000.00		

$1,310,790.05
(95.27)
(72,855.38)
486,042.97
630,722.89
780,930.92
(417,951.06)
453,904.47
700.00

$3,172,189.59

$17,965,240.43	

Page 2 of 2

Myrtle Creek Improvement District
Statement of Activities As of 3/31/2024	

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

Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management Engineering Property Appraiser District Counsel
Assessment Administration Travel and Per Diem
Legal Advertising Bank Fees Miscellaneous
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees Electric
Entry Lighting Water Reclaimed Aquatic Contract
General Liability Insurance Irrigation
Landscaping Maintenance & Material Tree Trimming
Flower & Plant Replacement IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping
IME - Lighting	

$734,096.33
(95.27)

$734,001.06

$1,400.00 4,048.00
6,176.23
23,374.98
1,520.01
2,986.11
3,288.96
7,500.00
25.67
904.18
12.00
5.77
1,110.00
1,000.00
175.00
834.37
139.82
17,314.34
1,950.00
4,636.00
455.01
94,682.94
9,100.00
6,409.39
1,578.18
1,957.66
45,222.18
227.28	

$1,000,044.66

$1,000,044.66	

$106.54 95.27

$201.81	

$0.00	

$734,096.33
(95.27)
1,000,044.66
106.54
95.27

$1,734,247.53

$1,400.00 4,048.00
6,176.23
23,374.98
1,520.01
2,986.11
3,288.96
7,500.00
25.67
904.18
12.00
5.77
1,110.00
1,000.00
175.00
834.37
139.82
17,314.34
1,950.00
4,636.00
455.01
94,682.94
9,100.00
6,409.39
1,578.18
1,957.66
45,222.18
227.28	

Page 1 of 2

Myrtle Creek Improvement District
Statement of Activities As of 3/31/2024

General Fund	Debt Service	Capital Projects
Fund

General Long- Term Debt

Total

IME - Miscellaneous	96.08								96.08	
IME - Water Reclaimed	228.00								228.00	
Pest Control	1,255.00								1,255.00	
Entry and Wall Maintenance	550.00								550.00	
IME - Landscape Improvements	5,156.55								5,156.55	
Streetlights	5,416.12								5,416.12	
Personnel Leasing Agreement	18,000.06								18,000.06	
Interest Payments			$232,200.00						232,200.00	
Legal Advertising					$249.46				249.46	
Total Expenses	$268,735.89		$232,200.00		$249.46		$0.00		$501,185.35	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$20,682.53								$20,682.53	
Dividends Income			$13,086.26						13,086.26	
Dividends Income					$747.65				747.65	
Total Other Revenues (Expenses) & Gains (Losses)	$20,682.53		$13,086.26		$747.65		$0.00		$34,516.44	
Change In Net Assets	$485,947.70		$780,930.92		$700.00		$0.00		$1,267,578.62	
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	
$1,723,882.37		
$1,411,653.81		
$36,653.41		
$0.00		
$3,172,189.59	

Page 2 of 2

Budget to Actual

Variance		FY 2024		Percentage	
		Adopted Budget		Spent	

$	270,320.43		

$	927,551.80		

79.14%	
-		84,522.75		50.00%	
$	270,320.43		$  1,012,074.55		76.71%	

$	(4,600.00)		

$	12,000.00		

11.67%	
1,715.50		4,665.00		86.77%	
2,676.23		7,000.00		88.23%	
(0.02)		46,750.00		50.00%	
(3,479.99)		10,000.00		15.20%	
(900.00)		1,800.00		0.00%	
1,736.11		2,500.00		119.44%	
(9,211.04)		25,000.00		13.16%	
3,750.00		7,500.00		100.00%	
(125.00)		250.00		0.00%	
(2,000.00)		4,000.00		0.00%	
(450.00)		900.00		0.00%	
(124.33)		300.00		8.56%	
(25.00)		50.00		0.00%	
(500.00)		1,000.00		0.00%	
(1,000.00)		2,000.00		0.00%	
(2,345.82)		6,500.00		13.91%	
(168.00)		360.00		3.33%	
(4,744.23)		9,500.00		0.06%	
(400.00)		800.00		0.00%	
(135.00)		270.00		0.00%	
(240.00)		2,700.00		41.11%	
500.00		1,000.00		100.00%	
87.50		175.00		100.00%	
$	(19,983.09)		$	147,020.00		36.41%	

For the Month Ending 3/31/2024

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

$	734,096.33
42,261.38	$	463,775.90
42,261.38	
$	776,357.71	$	506,037.28	

$	

1,400.00	

$	6,000.00	
	4,048.00	2,332.50	
	6,176.23	3,500.00	
	23,374.98	23,375.00	
	1,520.01	5,000.00	
	-	900.00	
	2,986.11	1,250.00	
	3,288.96	12,500.00	
	7,500.00	3,750.00	
	-	125.00	
	-	2,000.00	
	-	450.00	
	25.67	150.00	
	-	25.00	
	-	500.00	
	-	1,000.00	
	904.18	3,250.00	
	12.00	180.00	
	5.77	4,750.00	
	-	400.00	
	-	135.00	
	1,110.00	1,350.00	
	1,000.00	500.00	
	175.00	87.50	
$	53,526.91	$	73,510.00	

Page 1 of 3

Budget to Actual				
For the Month Ending 3/31/2024				

Actual	Budget			
Variance		FY 2024	Percentage Adopted Budget		Spent	

$	609.73	$	750.00		

$	

(140.27)	$	1,500.00	40.65%	
139.82	250.00			(110.18)	500.00	27.96%	
15,533.54	12,500.00			3,033.54	25,000.00	62.13%	
1,950.00	1,950.00			-	3,900.00	50.00%	
-	2,500.00			(2,500.00)	5,000.00	0.00%	
4,636.00	2,500.00			2,136.00	5,000.00	92.72%	
-	850.00			(850.00)	1,700.00	0.00%	
-	50.00			(50.00)	100.00	0.00%	
455.01	22,500.00			(22,044.99)	45,000.00	1.01%	
76,416.30	131,788.56			(55,372.26)	263,577.12	28.99%	
236.94	236.94			-	473.88	50.00%	
9,100.00	20,000.00			(10,900.00)	40,000.00	22.75%	
6,409.39	25,000.00			(18,590.61)	50,000.00	12.82%	
-	42,707.59			(42,707.59)	85,415.18	0.00%	
1,255.00	1,405.00			(150.00)	2,810.00	44.66%	
-	25,000.00			(25,000.00)	50,000.00	0.00%	
1,578.18	1,669.50			(91.32)	3,339.00	47.27%	
1,957.66	1,575.00			382.66	3,150.00	62.15%	
45,222.18	45,222.19			(0.01)	90,444.38	50.00%	
227.28	630.00			(402.72)	1,260.00	18.04%	
96.08	3,150.00			(3,053.92)	6,300.00	1.53%	
228.00	787.50			(559.50)	1,575.00	14.48%	
5,156.55	6,300.00			(1,143.45)	12,600.00	40.93%	
-	7,500.00			(7,500.00)	15,000.00	0.00%	
550.00	5,000.00			(4,450.00)	10,000.00	5.50%	
5,416.12	7,500.00			(2,083.88)	15,000.00	36.11%	
18,000.06	18,000.00			0.06	36,000.00	50.00%	
-	10,000.00			(10,000.00)	20,000.00	0.00%	
-	1,180.00			(1,180.00)	2,360.00	0.00%	
$	195,173.84	$	398,502.28		$	(203,328.44)	$	797,004.56	24.49%	

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 3/31/2024

Wellspring Blvd./Performance Drive Expense

Variance

FY 2024
Adopted Budget

Percentage Spent

Irrigation Repairs	$	(2,615.25)	$	5,230.50	0.00%	
Landscaping	11.70	36,036.00	50.03%	
Flower & Plant Replacement	(5,000.00)	10,000.00	0.00%	
Lighting	(5,017.11)	10,483.50	2.14%	
Miscellaneous	(1,750.00)	3,500.00	0.00%	
Water Reclaimed	30.80	3,500.00	50.88%	

$	507,971.82		$	(700.00)			

$	
20,332.53		
$	700.00		
2954.65%	
$	20,332.53		$	700.00		2954.65%	
$	528,304.35		$	-			

Total Wellspring Blvd./Performance Drive Expenses

Actual		Budget	

$	

-		

$	2,615.25	
	18,029.70		18,018.00	
	-		5,000.00	
	224.64		5,241.75	
	-		1,750.00	
	1,780.80		1,750.00	
$	20,035.14		$	34,375.00	

$	
268,735.89		
$	506,387.28	
$	507,621.82		$	(350.00)	

$	
20,682.53		
$	350.00	
$	20,682.53		$	350.00	
$	528,304.35		$	-	

$	(14,339.86)

$	68,750.00

29.14%

Total Expenses

Income (Loss) from Operations

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

Net Income (Loss)

$  (237,651.39)

$  1,012,774.56	26.53%

Page 3 of 3

Nov-23			Dec-23	

$  96,165.13	
$	
255,365.68	
7,043.57		7,043.56	
$ 103,208.70	$	262,409.24	

$	
-	
$	
600.00	
-		-	
-		-	
3,895.83		3,895.83	
125.00		-	
-		-	
-		-	
277.50		823.50	
-		7,500.00	
-		-	
-		-	
-		-	
-		-	
-		-	
-		-	
-		-	
469.00		435.18	
-		-	
1.16		1.15	
-		-	
-		-	
270.00		135.00	
-		1,000.00	
-		-	
$	5,038.49	$	14,390.66	

$	120.99	

$	

122.34	
28.06		28.18	
2,190.62		4,365.66	
325.00		325.00	
-		-	
	-		-	
	-		-	
	-		-	
	-		-	

$

$

$

$	Feb-24

250,688.51
7,043.56
257,732.07

800.00

-
- 3,895.83
-
- 2,986.11
-
-
-
-
-
-
-
-
-
-
- 1.15
-
-
-
-
-
7,683.09	

$

$

$

$	Mar-24

63,725.53
7,043.57
70,769.10

-

-
- 3,895.83
687.50
-
- 507.00
-
-
-
- 12.96
-
-
-
- 12.00
1.15
-
- 270.00
-
-
5,386.44	

$	

122.09
27.58

2,886.11

325.00
-

-
-
-
-	

$	

121.48
27.45

2,480.52

325.00
-

-
-
-
-	

Oct-23	Jan-24

Revenues
On-Roll Assessments Carryforward Revenue
Net Revenues

$	-
7,043.56

$	7,043.56

$  68,151.48
7,043.56

$  75,195.04

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

4,048.00
6,176.23
3,895.83
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- 175.00

$  14,295.06

$	-
-

-
- 3,895.83
707.51
-
- 1,680.96
-
-
-
- 12.71
-
-
-
-
- 1.16
-
- 435.00
-

$	6,733.17	

$	

122.83
28.55

3,610.63

325.00
-

-
-
-
-	

-

Water Reclaimed	-	
Stormwater Control
Aquatic Contract	
325.00	
Lake/Pond Repair Reserve	-	
Other Physical Environment
General Liability Insurance	
4,636.00	
Property & Casualty Insurance	-	
Auto Insurance	-	
Irrigation
Landscaping Maintenance & Material	455.01	

YTD Actual

$	734,096.33
42,261.38	
$	776,357.71

$	1,400.00

4,048.00
6,176.23
23,374.98
1,520.01
- 2,986.11
3,288.96
7,500.00
-
-
- 25.67
-
-
- 904.18
12.00
5.77
-
- 1,110.00
1,000.00
175.00	
$	53,526.91

$	609.73
139.82

15,533.54

1,950.00
-

4,636.00
-
- 455.01

76,416.30
236.94
9,100.00
6,409.39
- 1,255.00
-

1,578.18
1,957.66
45,222.18
227.28
96.08
228.00
5,156.55

-	

District Landscaping Gateway Road Landscaping
Tree Trimming
Flower & Plant Replacement Contingency
Pest Control Hurricane Cleanup
Interchange Maintenance Expenses
IME - Aquatics Maintenance IME - Irrigation
IME - Landscaping IME - Lighting
IME - Miscellaneous IME - Water Reclaimed
IME - Landscape Improvements
New Operational Field Expenses
Trail Repair

-
39.49
-	-
39.49
-	38,208.15	12,736.05	12,736.05	12,736.05
39.49	39.49	39.49	39.49
-	9,100.00	-	-	
-	-	215.00	1,450.00	4,744.39	-	
-	-	-	-	-	-	
-	-	-	-	-	1,255.00	
-	-	-	-	-	-	
263.03	263.03	263.03	263.03	263.03	263.03	
-	869.40	-	-	430.61	657.65	
-	15,074.06	7,537.03	7,537.03	7,537.03	7,537.03	
-	48.51	46.88	46.15	44.83	40.91	
-	-	-	-	-	96.08	
-	1.74	83.68	-	74.55	68.03	
7,537.03	(2,380.48)	-	-	-	-	
-	-	-	-	-	-	

Page 1 of 2

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 3/31/2024	
		
Oct-23		
Nov-23		
Dec-23			
Jan-24			
Feb-24			
Mar-24	
Road & Street Facilities														
Entry and Wall Maintenance		-	-	550.00			-			-			-	
Streetlights		-	1,073.06	1,073.06			1,090.00			1,090.00			1,090.00	
Parks & Recreation														
Personnel Leasing Agreement		3,000.01	3,000.01	3,000.01			3,000.01			3,000.01			3,000.01	
Contingency														
Infrastructure Capital Reserve		-	-	-			-			-			-	
Interchange Maintenance Reserve		-	-	-			-			-			-	
Total Field Operations Expenses	$	16,255.57	$  20,653.49	$  55,857.51		$	39,348.77		$	33,320.77		$	29,737.73	
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			3,004.95			3,004.95	
		-	-	-			-			-			-	
		-	44.88	44.88			45.12			44.88			44.88	
		-	-	-			-			-			-	
		-	430.59	462.21			500.45			387.55			-	
	$	-	$	475.47	$	9,521.94		$	3,550.52			3,437.38		$	3,049.83	
	 $ 	30,550.63 	 $  26,167.45    $  79,770.11 		 $ 	49,632.46 			44,441.24 		 $ 	38,174.00 	
Income (Loss) from Operations	$	(23,507.07)	$  77,041.25	$ 182,639.13		$	25,562.58		$	213,290.83		$	32,595.10	
Other Income (Expense)
Interest Income
Total Other Income (Expense)	

$	

59.66	

$	56.92	

$	1,883.42		

$	

68.29		

$	

60.80		

$	

18,553.44	
	$	59.66	$	56.92	$	1,883.42		$	68.29		$	60.80		$	18,553.44	
Net Income (Loss)	$	(23,447.41)	$  77,098.17	$ 184,522.55		$	25,630.87		$	213,351.63		$	51,148.54	

 
YTD Actual	

550.00	
5,416.12	
18,000.06	
-	
-	
$	195,173.84	

$	
-	
	18,029.70	
	-	
	224.64	
	-	
	1,780.80	
$	20,035.14	
$	268,735.89	

$	
507,621.82	

$	
20,682.53	
$	20,682.53	
$	528,304.35	

Page 2 of 2

Myrtle Creek Improvement District Cash Flow

FY23 Inflows	FY23 Outflows	FY24 Inflows	FY24 Outflows	End. Cash	
	-		-			
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		
-	-	589,227.20	(54,372.40)	1,680,962.65		
-	-	169,141.00	(465,684.28)	1,384,419.37		
-	-	-	-	1,384,419.37	as of 04/03/2024	

Beg. Cash

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	
3/1/2024	1,680,962.65	
4/1/2024	1,384,419.37	

Totals	11,649.08	(163,966.18)	1,751,763.08	(1,256,701.80)