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 17, 2026, 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 Nominations for Vacant Seat 4
Consideration of the Minutes of the January 20, 2026, Board of Supervisors’ Meeting
Discussion of Construction Committee Member Vacancy

Business Matters
Consideration of Proposals for Trail Repairs (provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in January 2026 in an amount totaling $53,797.95
Recommendation of Work Authorizations/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

Nominations for Vacant Seat 4

PATRICK	GILL

EDUCATION

MASTER OF ARTS IN LEADERSHIP STUDIES
UNIVERSITY OF SAN DIEGO, SAN DIEGO, CALIFORNIA (2001)

BACHELOR OF ARTS IN COMMUNICATION STUDIES
UNIVERSITY OF SAN DIEGO, SAN DIEGO, CALIFORNIA ( 1999)

EXPERIENCE

25 years of Real Estate & Property Management Experience
Licensed Real Estate Broker in two State (Florida & California)
12+ YEARS of volunteer service to VillageWalk at Lake Nona committees and task forces.
PRESIDENT - VillageWalk at Lake Nona Homeowners Association, Inc. (2024 to Present)
TREASURER - VillageWalk at Lake Nona Homeowners Association, Inc. (2023 to 2024)
COMMITTEE MEMBER - Architectural Control Committee, VillageWalk at Lake Nona (2022 to 2023)
CHAIR-Architectural Review Committee, VillageWalk at Lake Nona (June 2016 to June 2022)
COMMITTEE MEMBER-Architectural Review Committee, VillageWalk at Lake Nona (2013 to 2016)
CHAIR - Recreation Committee, VillageWalk at Lake Nona (2016 to 2017)
COMMITTEE MEMBER - Compliance Committee, VillageWalk at Lake Nona (2019)
TASK FORCE MEMBER- Property & Grounds Task Force for Pulte Turnover, VillageWalk at Lake Nona

ABOUT ME

I have been a resident of VillageWalk at Lake Nona for 13 years. For the better part of those 13 years, I have volunteered my service to committees, task forces, and the Board of Directors with the goal of making our community a better place to place to live. I have been the President of VillageWalk at Lake Nona Homeowners Association, Inc. since February of 2024 and have extensive knowledge of the day to day operations of a gated community with an annual budget of over
$8,000,000 that has contracts with vendors including landscaping, gate access control, pool maintenance, lake maintenance, irrigation monitoring, storm drain maintenance, a community management company; and leases with four vendors in retail space within the community town center. As a leader, I believe in creating a shared vision to accomplish a mutual goal. I believe in building relationships, teamwork, and treating all people with dignity and respect.

11883 AURELIO IANE, ORIANDO FL 32827	949-701-7796	patgill96@yahoo.com

MYRTLE CREEK IMPROVEMENT DISTRICT BOARD OF SUPERVISORS
OATH OF OFFICE

I,	, A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF MYRTLE CREEK IMPROVEMENT DISTRICT AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor

ACKNOWLEDGMENT OF OATH BEING TAKEN

STATE OF FLORIDA
COUNTY OF 	

The foregoing oath was administered before me by means of □ physical presence or □ online  notarization,  this   day  of 	,  2026,  by
	, who is personally known to me or has produced
	 as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of Myrtle Creek Improvement District and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida

Print Name: 	

Commission No.: 	 Expires: 	

Myrtle Creek Improvement District

Minutes of the January 20, 2026, 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, January 20, 2026, at 5:00 p.m. at 6900 Tavistock Lakes Blvd., Suite 200, Orlando, FL 32827.

Present:			
Kam Shenai	Chair		
Bob da Silva	Assistant Secretary		
Marsha Leed	Vice Chair		
Trudy Evans	Assistant Secretary		
Also attending:			
Jennifer Walden	PFM		
Amanda Lane	PFM	(via phone)	
Tucker Mackie	Kutak Rock		
Bob Schanck	Donald W. McIntosh Associates		
Jeffrey Newton	Donald W. McIntosh Associates		
DJ Batten	Berman		
Carlos Negron	Berman		
Edgard Morales	Berman		
Eddie Padua	Berman		
Pete Fussell	Berman		
Chris Wilson	Tavistock		
Patrick Gill	Resident		

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Walden asked if there were any public comments. She noted there were no public comments at this time.

THIRD ORDER OF BUSINESS	Consideration of Kyle Scholl’s Resignation and Nominations for Seat 4

Ms. Walden noted Mr. Scholl has moved out of the District and has therefore resigned.

On motion by Ms. Leed, seconded by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District accepted Kyle Scholl’s Resignation from Seat 4.

There were no nominations at this time. The position will be posted on the District’s website to obtain resumes. This item was tabled.

FOURTH ORDER OF BUSINESS	Consideration of the Minutes of the November 18, 2025, Board of Supervisors’ Meeting

The Board reviewed the minutes of the November 18, 2025, Board of Supervisors’ Meeting.

On motion by Mr. Shenai, seconded by Mr. da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Minutes of the November 18, 2025, Board of Supervisors’ Meeting.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2026-03, Amending the Annual Meeting Schedule for Fiscal Year 2026

Ms. Walden explained that District staff would like to move the March Construction Committee Meeting from March 12, 2026, to March 5, 2026, and is the only change to the Annual Meeting Schedule for FY 2026.

On motion by Mr. Shenai, seconded by Mr. da Silva, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved Resolution 2026-03, Amending the Annual Meeting Schedule for Fiscal Year 2026 with moving the March 12, 2026 Construction Committee Meeting to March 5, 2026.

SIXTH ORDER OF BUSINESS	Discussion of Construction Committee Member Vacancy
Ms. Walden noted that Mr. Hudson Larson resigned effective January 15, 2026. There are no current recommendations to fill the vacancy so this item will be tabled.

SEVENTH ORDER OF BUSINESS	Recommendation from Construction Committee on Items to Address from District Infrastructure Assessment Report

Ms. Walden explained this has been reviewed by the Construction Committee and the District Engineer has noted a few items that need a more immediate repair. The recommendation is to move forward with repair, in the next three to six months, for Photos 15, 23, 24, and 26 as the other photos are mainly aesthetic issues. Mr. Newton noted this report was completed in September and some areas may have already been repaired.

There was discussion regarding the recommended photos, report, and locations. It was noted Berman should create a map of all repairs completed with corresponding location and date to keep a log of repairs and to compare to the Infrastructure Assessment Report.
Ms. Walden noted this report is a part of the District’s goals and objectives. Moving forward, this report will be completed in conjunction with the budget cycle so the District can adjust the budget based on the needs. Mr. Da Silva noted the Board has been working on many repairs in small phases.

The Board agreed to move forward with proposals for the recommended photos, tentative of confirmation
that the repairs have not already been completed.	
EIGHTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in November 2025 in an amount totaling	
$58,635.88
Ms. Walden noted these have been approved and need Board ratification.

On motion by Mr. da Silva, seconded by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures Paid in November 2025 in an amount totaling $58,635.88.

NINTH ORDER OF BUSINESS	Ratification of Operation and Maintenance Expenditures Paid in December 2025 in an amount totaling
$97,031.95

Ms. Walden noted these have been approved and need Board ratification.

On motion by Mr. Shenai, seconded by Ms. Leed, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District ratified the Operation and Maintenance Expenditures Paid in December 2025 in an amount totaling $97,031.95.

TENTH ORDER OF BUSINESS	Recommendation	of	Work Authorization/Proposed Services

Ms. Walden reviewed the Work Authorization from Berman for curb pressure washing, in the amount of
$8,800.00.
There was brief discussion regarding the proposed services. It was noted this is for the curbs from Narcoossee Road up to the construction area and the project will most likely start next week.

On motion by Ms. Leed, seconded by Mr. Shenai, with all in favor, the Board of Supervisors for the Myrtle Creek Improvement District approved the Work Authorization from Berman in the amount of $8,800.00 for curb pressure washing.

ELEVENTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD
Ms. Walden stated the financials are updated through December 2025. The District has spent approximately 19% of the budget so far. No action was required.

Mr. Shenai gave an overview of some of his observations with the budget and how the District is doing well.

Mr. Shenai asked for the team to review the monument by Narcoossee Road as it seems darker than usual. Mr. Shenai inquired about the trees being removed near the construction area and the irrigation should be less in the next few months. Mr. Batten replied that he doesn’t have the plan but there will be some trees removed. Mr. Negron noted that the irrigation should be less for a few months but they are working to get everything back up and running in connection with all the construction. Mr. Batten added that the cost will be less for a few months but once the system is up and running it will be higher for a little as additional irrigation will be needed for the new landscaping material.

TWELFTH ORDER OF BUSINESS	Staff Reports

District Counsel –	Ms. Mackie noted the legislative session is in process and her team is sending out the Capital Conversations Newsletter weekly. She’s happy to forward the newsletter to anyone who isn’t receiving it. She noted there is a new bill that her team is keeping an eye on which gives the ability for a recall of Supervisors by referendum by the voters of the District’s boundaries and she will keep the District updated with any movement on that bill.	
District Manager –	Ms. Walden stated the next Board Meeting is scheduled for Tuesday, February 17, 2026.	
District Engineer –	No report.	
Construction Supervisor –	No report.	
Landscape Supervisor –	No report.	
Irrigation Supervisor –	No report.	

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests

There were no further Supervisor Requests.

FOURTEENTH ORDER OF BUSINESS	Adjournment
Ms. Walden requested a motion to adjourn.

On motion by Mr. da Silva, seconded by Mr. Shenai, with all in favor, the January 20, 2026, Meeting of the Board of Supervisors for the Myrtle Creek Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

Construction Committee Member Vacancy

Proposals for Trail Repairs
(provided under separate cover)

Operation and Maintenance Expenditures Paid in January 2026 in an amount totaling $53,797.95

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, 2026 through January 31, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:    $53,797.95

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

AP Check Register (Current by Bank)
Check Dates: 1/1/2026 to 1/31/2026

Check No.	Date	Status*	Vendor ID	Payee Name	Amount	
BANK ID: OM1471 - CIT( NATIONAL BANK	001-101-0000-00-01	
&&1	01/0'/26	P	C+PRA	Ce#ra $an%sca#e		(') 06*'0	
&&2	01/0'/26	P	P, -C	P,  -rou# Consu.ting		(1)'00*00	
&&3	01/26/26	P	BC/D	Boggy Creek /0#ro1* District		( &*6'	
&& 	01/26/26	P	B+R A2	Ber0an Construction		(3)000*01	
&&'	01/26/26	P	C+PRA	Ce#ra $an%sca#e		(23)1''*'0	
&&6	01/26/26	P	P, -C	P,  -rou# Consu.ting		(3) 2*63	
&&&	01/23/26	P	B+R A2	Ber0an Construction		(3)000*01	
&&3	01/23/26	P	456+2A	4a0a.akar 5henai		(200*00	
&& 	01/23/26	P	$DA5/$	$ione. R* Dasi.1a		(200*00	
&30	01/23/26	P	 $++D	 arsha $ee%		(200*00	
&31	01/23/26	P	7+8A25	7ru%y +1ans		(200*00	
&32	01/23/26	P	8-$9BA	8-.oba.7ech		(300*00	
					BANK OM1471 REGISTER TOTAL:	$41,152.30	
BANK ID: OM-ACH - CIT( NATIONAL BANK - ACH 4 5IRES	001-101-0000-00-01	
&0060	01/20/26	 	7R:57+	:5 Bank as 7rustee ;or yrt.e		(1&3)&01*1 	
&0061	01/20/26	 	9:C	9r.an%o :ti.ities Co00ission		( )1'3*&3	
&0062	01/30/26	 	BC/D	Boggy Creek /0#ro1* District		(3)'3 *'2	
					BANK OM-ACH REGISTER TOTAL:	$186,394.44	
					GRAND TOTAL :	$227,546.74	

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

BANK:	OM1471	CHECK:	4771	AMOUNT:	$5,406.50	DATE:	01/05/26	VEND ID:	CEPRA			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
10/30/25
10/30/25
10/30/25
10/30/25
10/30/25
10/30/25
10/30/25
10/30/25	O-S9010 O-S9011 O-S9012 O-S9013 O-S9015 O-S9017 O-S9018 O-S9019			PA 705 - Oct. irrigation valve PA 705 - Oct. irrigation valve PA 705 - Oct. irrigation valve PA 705 - Oct. controller 5 irr PA 705 - Oct. controller 2 irr PA 705 - Oct. controller 3 irr PA 705 - Oct. Wellspring A irr PA 705 - Oct. controller 4 irr				$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		$1,100.00
$520.00
$877.50
$452.00
$1,000.50
$983.50
$103.00
$370.00	

BANK:	
OM1471	
CHECK:	
4772	TOTALS:
AMOUNT:	
$1,500.00	
DATE:	
01/05/26	
VEND ID:	$0.00
PFMGC		$5,406.50	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
12/15/25	139780			PA 705 - Series 2016 disclosur				$0.00		$1,500.00	

BANK:	
OM-ACH	
CHECK:	
70060	TOTALS:
AMOUNT:	
$173,701.14	
DATE:	
01/20/26	
VEND ID:	$0.00
TRUSTE		$1,500.00	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/16/26	2026.01.15		S2016 FY26 DS (239413000) Dist				$0.00		$173,701.14	

BANK:	
OM-ACH	
CHECK:	
70061	TOTALS:
AMOUNT:	
$4,153.78	
DATE:	
01/20/26	
VEND ID:	$0.00
OUC		$173,701.14	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/02/26
01/02/26
01/02/26
01/02/26
01/02/26
01/02/26
01/02/26	00001-010226
00001-010226
00001-010226
00001-010226
00001-010226
00001-010226
00001-010226		PA 706 - 12/01/2025 - 01/02/20 PA 706 - 12/01/2025 - 01/02/20 PA 706 - 12/01/2025 - 01/02/20 PA 706 - 12/01/2025 - 01/02/20 PA 706 - 12/01/2025 - 01/02/20 PA 706 - 12/01/2025 - 01/02/20 PA 706 - 12/01/2025 - 01/02/20				$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		$130.58
$2,488.11
$1,123.88
$27.19
$47.92
$334.87
$1.23	

BANK:	
OM1471	
CHECK:	
4773	TOTALS:
AMOUNT:	
$47.65	
DATE:	
01/26/26	
VEND ID:	$0.00
BCID		$4,153.78	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
12/31/25	OSC130163081		PA 707 - BCID req 507; legal a				$0.00		$47.65	
				TOTALS:					$0.00		$47.65	
BANK:	OM1471	CHECK:	4774	AMOUNT:	$3,000.01	DATE:	01/26/26	VEND ID:	BERMAN			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
12/01/25
12/01/25	93165
93165			PA 702 - Dec. irrigation speci PA 702 - Dec. administrator ag				$0.00
$0.00		$1,666.67
$1,333.34	

BANK:	
OM1471	
CHECK:	
4775	TOTALS:
AMOUNT:	
$23,155.50	
DATE:	
01/26/26	
VEND ID:	$0.00
CEPRA		$3,000.01	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
12/01/25
12/01/25	O-S9226 O-S9226			PA 702 - Dec. Sec. 1 landscapi PA 702 - Dec. Wellspring lands				$0.00
$0.00		$19,253.75
$3,901.75	

BANK:	
OM1471	
CHECK:	
4776	TOTALS:
AMOUNT:	
$3,942.63	
DATE:	
01/26/26	
VEND ID:	$0.00
PFMGC		$23,155.50	
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
12/05/25
12/05/25
01/05/26	139530
139530
DM-01-2026-47		PA 706 - Oct. storage facility PA 706 - Nov. mileage, tolls PA 707 - DM fee: Jan. 2026				$0.00
$0.00
$0.00		$40.00
$6.80
$3,895.83	
			TOTALS:				$0.00		$3,942.63	

BANK:	OM1471	CHECK:	4777	AMOUNT:	$3,000.01	DATE:	01/28/26	VEND ID:	BERMAN			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/01/26
01/01/26	93840
93840			PA 707 - Jan. irrigation speci PA 707 - Jan. administrator ag				$0.00
$0.00		$1,666.67
$1,333.34	

BANK:	
OM1471	
CHECK:	
4778	TOTALS:
AMOUNT:	
$200.00	
DATE:	
01/28/26	
VEND ID:	$0.00
KSHENA		$3,000.01	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/20/26	2026.01.20		PA 708 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM1471	CHECK:	4779	AMOUNT:	$200.00	DATE:	01/28/26	VEND ID:	LDASIL			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/20/26	2026.01.20		PA 708 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM1471	CHECK:	4780	AMOUNT:	$200.00	DATE:	01/28/26	VEND ID:	MLEED			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/20/26	2026.01.20		PA 708 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM1471	CHECK:	4781	AMOUNT:	$200.00	DATE:	01/28/26	VEND ID:	TEVANS			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/20/26	2026.01.20		PA 708 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM1471	CHECK:	4782	AMOUNT:	$300.00	DATE:	01/28/26	VEND ID:	VGLOBA			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
12/01/25	7985			PA 708 - Oct. - Dec. ADA audit				$0.00		$300.00	
				TOTALS:					$0.00		$300.00	
BANK:	OM-ACH	CHECK:	70062	AMOUNT:	$8,539.52	DATE:	01/30/26	VEND ID:	BCID			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
12/31/25
12/31/25
12/31/25
12/31/25
12/31/25
12/31/25	ICM2026-03 ICM2026-03 ICM2026-03 ICM2026-03 ICM2026-03 ICM2026-03		PA 706 - Dec. ICM aquatics mai PA 706 - Dec. ICM landscape ma PA 706 - Dec. ICM lighting
PA 706 - Dec. ICM water reclai PA 706 - Dec. Gateway Rd lands
PA 706 - Dec. ICM irrigation				$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		$263.03
$7,563.18
$60.92
$139.30
$39.49
$473.60	
			TOTALS:				$0.00		$8,539.52	

Work Authorizations/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

Myrtle Creek Improvement District
January 2026 Financial Package

January 31, 2026

PFM Group Consulting LLC
3501 Quadrangle Boulevard
Suite 270
Orlando, FL 32817-8329
(407) 723-5900

Myrtle Creek Improvement District
Statement of Financial Position As of 1/31/2026	

General Fund	

Debt Service		
Capital Projects Fund		
General Long-Term Debt			

Total	
		
Assets									
Current Assets											
General Checking Account	$ 1,618,346.61								$	1,618,346.61	
Money Market Account	70,245.22									70,245.22	
State Board of Administration	4,745.85									4,745.85	
Pond Reserve	20,282.12									20,282.12	
General Reserve	326,911.62									326,911.62	
Assessments Receivable	579,534.21									579,534.21	
Deposits	4,300.00									4,300.00	
Assessments Receivable		$	784,017.18								784,017.18	
Debt Service Reserve		323,519.03								323,519.03	
Revenue		624,829.13								624,829.13	
Prepayment		3,637.01								3,637.01	
Total Current Assets	$ 2,624,365.63	$ 1,736,002.35		$	-		$	-		$	4,360,367.98	

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

$	951,985.17		

$	

951,985.17	
									11,708,014.83			11,708,014.83	
	$	-		$	-		$	-		$ 12,660,000.00		$	12,660,000.00	
Total Assets	$ 2,624,365.63		$	1,736,002.35		$	-		$ 12,660,000.00		$	17,020,367.98	

Page 1 of 11

Myrtle Creek Improvement District

General Long-Term Debt			Total	

$	

45,413.00	
				8,000.24	
				579,534.21	
				784,017.18	
$	-		$	1,416,964.63	

$ 12,660,000.00		
$	
12,660,000.00	
$ 12,660,000.00		$	12,660,000.00	
$ 12,660,000.00		$	14,076,964.63	

$	

1,310,790.05	
			555,494.86	
			125,133.27	
			681,599.44	
			270,385.73	
			(417,951.06)	
			417,951.06	
$	-		$	2,943,403.35	
				
$ 12,660,000.00		$	17,020,367.98	

Statement of Financial Position As of 1/31/2026

Current Liabilities

General Fund	Debt Service

Liabilities and Net Assets

Capital Projects Fund

Accounts Payable	$	45,413.00		
Due To Other Governmental Units	8,000.24		
Deferred Revenue	579,534.21		
Deferred Revenue		$	784,017.18	

$	632,947.45		$	784,017.18		$	-	
$	-		$	-		$	-	
$	632,947.45		$	784,017.18		$	-	

$ 1,310,790.05
555,494.86
125,133.27							

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			$	681,599.44		
Current Year Net Assets, Unrestricted			270,385.73		
Net Assets, Unrestricted					$	(417,951.06)	
Net Assets, Unrestricted					417,951.06	
Total Net Assets	$ 1,991,418.18		$	951,985.17		$	-	
						
Total Liabilities and Net Assets	$ 2,624,365.63		$ 1,736,002.35		$	-	

Page 2 of 11

Myrtle Creek Improvement District
Statement of Activities As of 1/31/2026	
	
General Fund	
Debt Service	Capital Projects Fund	General Long-Term Debt		
Total	
Revenues
On-Roll Assessments On-Roll Assessments
Total Revenues	

$	346,525.63
$	468,793.77

$	346,525.63	$	468,793.77	

$	-	

$	-	

$

$	

346,525.63
468,793.77
815,319.40	
Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management Engineering Disclosure District Counsel
Assessment Administration Travel and Per Diem Postage & Shipping
Legal Advertising Miscellaneous
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees Electric
Entry Lighting Water Reclaimed Aquatic Contract
General Liability Insurance Other Insurance
Irrigation
Landscaping Maintenance & Material Flower & Plant Replacement	

$	1,800.00
4,463.00
5,458.62
15,583.32
1,340.35
1,500.00
865.00
7,500.00
6.80
25.68
868.12
83.69
880.00
1,000.00
175.00
533.76
81.07
8,686.23
1,300.00
5,110.00
500.00
9,007.50
92,779.96
4,800.00			

$	

1,800.00
4,463.00
5,458.62
15,583.32
1,340.35
1,500.00
865.00
7,500.00
6.80
25.68
868.12
83.69
880.00
1,000.00
175.00
533.76
81.07
8,686.23
1,300.00
5,110.00
500.00
9,007.50
92,779.96
4,800.00	

Page 3 of 11

Myrtle Creek Improvement District
Statement of Activities As of 1/31/2026

General Fund	Debt Service

Capital Projects	General Long-Fund		Term Debt

Total

IME - Aquatics Maintenance	$	1,052.12				$	1,052.12	
IME - Irrigation	473.60				473.60	
IME - Landscaping	30,252.72				30,252.72	
IME - Lighting	188.08				188.08	
IME - Miscellaneous	96.08				96.08	
IME - Water Reclaimed	296.69				296.69	
Trail Repair	30,500.00				30,500.00	
Pest Control	1,255.00				1,255.00	
Entry and Wall Maintenance	1,850.00				1,850.00	
Streetlights	3,337.76				3,337.76	
Personnel Leasing Agreement	12,000.04				12,000.04	
Principal Payments			$	5,000.00		5,000.00	
Interest Payments			$	198,950.00		198,950.00	
Total Expenses	$	245,650.19		$	203,950.00		$	-	$	-	$	449,600.19	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	24,257.83				$	24,257.83	
Dividends Income			$	5,541.96		5,541.96	
Total Other Revenues (Expenses) & Gains (Losses)	$	24,257.83		$	5,541.96		$	-	$	-	$	29,799.79	
Change In Net Assets	$	125,133.27		$	270,385.73		$	-	$	-	$	395,519.00	
Net Assets At Beginning Of Year	$ 1,866,284.91		$	681,599.44		$	-	$	-	$ 2,547,884.35	

Net Assets At End Of Year	
$ 1,991,418.18		
$	951,985.17		 	

$	-	$	-	$ 2,943,403.35	

Page 4 of 11

Budget to Actual
For the Month Ending 1/31/2026

YTD Actual		YTD Budget	

$	346,525.63		

$	

309,183.93	
32,273.36			32,273.36	
$	378,798.99		$	341,457.29	

$	1,800.00		

$	

4,000.00	
4,463.00			1,613.83	
5,458.62			2,333.33	
15,583.32			15,583.33	
1,340.35			3,333.33	
1,500.00			500.00	
-			1,166.67	
865.00			8,333.33	
7,500.00			2,500.00	
-			83.33	
-			1,333.33	
-			300.00	
-			14.00	
6.80			100.00	
-			8.33	
25.68			166.67	
-			666.67	
868.12			2,166.67	
-			16.00	
83.69			1,666.67	
-			83.33	
-			33.33	
880.00			980.00	
1,000.00			416.67	
175.00			58.33	
$	41,549.58		$	47,457.15	

YTD Variance		FY 2026		Percentage	
		Adopted Budget		Spent	

$	37,341.70		

$	927,551.80		

37.36%	
-		96,820.02		33.33%	
$	37,341.70		$  1,024,371.82		36.98%	

$	(2,200.00)		

$	12,000.00		

15.00%	
2,849.17		4,841.50		92.18%	
3,125.29		7,000.00		77.98%	
(0.01)		46,750.00		33.33%	
(1,992.98)		10,000.00		13.40%	
1,000.00		1,500.00		100.00%	
(1,166.67)		3,500.00		0.00%	
(7,468.33)		25,000.00		3.46%	
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%	
(14.00)		42.00		0.00%	
(93.20)		300.00		2.27%	
(8.33)		25.00		0.00%	
(140.99)		500.00		5.14%	
(666.67)		2,000.00		0.00%	
(1,298.55)		6,500.00		13.36%	
(16.00)		48.00		0.00%	
(1,582.98)		5,000.00		1.67%	
(83.33)		250.00		0.00%	
(33.33)		100.00		0.00%	
(100.00)		2,940.00		29.93%	
583.33		1,250.00		80.00%	
116.67		175.00		100.00%	
$	(5,907.57)		$	142,371.50		29.18%	

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 Tax Preparation 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

Page 5 of 11

Budget to Actual	
For the Month Ending 1/31/2026	

YTD Actual		

YTD Budget		

YTD Variance	
FY 2026
Adopted Budget	
Percentage Spent	

$	389.88		

$	500.00		

$	(110.12)	

$	1,500.00	

25.99%	
81.07		166.67		(85.60)	500.00	16.21%	
7,596.74		12,666.67		(5,069.93)	38,000.00	19.99%	
1,300.00		1,300.00		-	3,900.00	33.33%	
5,110.00		1,848.05		3,261.95	5,544.15	92.17%	
-		566.67		(566.67)	1,700.00	0.00%	
500.00		500.00		-	1,500.00	33.33%	
8,178.50		15,000.00		(6,821.50)	45,000.00	18.17%	
77,015.00		91,666.67		(14,651.67)	275,000.00	28.01%	
157.96		157.96		-	473.88	33.33%	
-		14,000.00		(14,000.00)	42,000.00	0.00%	
4,800.00		16,666.67		(11,866.67)	50,000.00	9.60%	
-		25,305.06		(25,305.06)	75,915.18	0.00%	
1,255.00		433.33		821.67	1,300.00	96.54%	
-		16,666.67		(16,666.67)	50,000.00	0.00%	
1,052.12		1,113.00		(60.88)	3,339.00	31.51%	
473.60		1,050.00		(576.40)	3,150.00	15.03%	
30,252.72		30,777.71		(524.99)	92,333.12	32.76%	
188.08		420.00		(231.92)	1,260.00	14.93%	
96.08		2,100.00		(2,003.92)	6,300.00	1.53%	
296.69		525.00		(228.31)	1,575.00	18.84%	
-		4,200.00		(4,200.00)	12,600.00	0.00%	
30,500.00		5,000.00		25,500.00	15,000.00	203.33%	
1,850.00		3,333.33		(1,483.33)	10,000.00	18.50%	
3,337.76		5,000.00		(1,662.24)	15,000.00	22.25%	
5,333.36		5,333.33		0.03	16,000.00	33.33%	
6,666.68		6,666.67		0.01	20,000.00	33.33%	
-		6,666.67		(6,666.67)	20,000.00	0.00%	
-		786.67		(786.67)	2,360.00	0.00%	
-		1,666.67		(1,666.67)	5,000.00	0.00%	
$	186,431.24		$	272,083.47		$	(85,652.23)	$	816,250.33	22.84%	

Field Operations Electric Utility Services
Electric
Entry Lighting
Water-Sewer Combination Services
Water Reclaimed
Stormwater Control
Aquatic Contract
Other Physical Environment General Liability Insurance Property & Casualty Insurance Other 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 - Administrator Personnel Leasing Agreement - Irrigation Specialist
Reserves
Infrastructure Capital Reserve Interchange Maintenance Reserve Lake/Pond Repair Reserve

Total Field Operations Expenses

Page 6 of 11

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 1/31/2026	

YTD Actual		

YTD Budget	

Wellspring Blvd./Performance Drive Expense						
Irrigation Repairs	$	829.00		$	1,743.50	
Landscaping		15,607.00			13,333.33	
Flower & Plant Replacement		-			2,380.78	
Lighting		143.88			2,625.72	
Miscellaneous		-			1,166.67	
Water Reclaimed		1,089.49			1,666.67	
Total Wellspring Blvd./Performance Drive Expenses	$	17,669.37		$	22,916.67	

Total Expenses	
$	
245,650.19		
$	
342,457.29	
Income (Loss) from Operations	$	133,148.80		$	(1,000.00)	
Other Income (Expense)
Interest Income
Total Other Income (Expense)	

$	

24,257.83		

$	

1,000.00	
	$	24,257.83		$	1,000.00	
Net Income (Loss)	$	157,406.63		$	-	

	
YTD Variance	FY 2026
Adopted Budget		Percentage Spent	

$	(914.50)	
$	5,230.50		
15.85%	
2,273.67	40,000.00		39.02%	
(2,380.78)	7,142.33		0.00%	
(2,481.84)	7,877.17		1.83%	
(1,166.67)	3,500.00		0.00%	
(577.18)	5,000.00		21.79%	
$	(5,247.30)	$	68,750.00		25.70%	

$	(96,807.10)	
$  1,027,371.83		
23.91%	
$	134,148.80	$	(3,000.00)			

$	23,257.83	
$	3,000.00		
808.59%	
$	23,257.83	$	3,000.00		808.59%	
$	157,406.63	$	-			

Page 7 of 11

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 1/31/2026	
	
Oct-25		
Nov-25		
Dec-25			
Jan-26	

Revenues									
On-Roll Assessments	$	-		$	61,890.03		$ 156,238.21		$	128,397.39	
Carryforward Revenue	8,068.36		8,068.33		8,068.34			8,068.33	
Net Revenues	$	8,068.36		$	69,958.36		$ 164,306.55		$	136,465.72	
General & Administrative Expenses									
Legislative									
Supervisor Fees	$	-		$	1,000.00		$	-		$	800.00	
Financial & Administrative									
Public Officials' Liability Insurance	4,463.00		-		-			-	
Trustee Services	5,458.62		-		-			-	
Management	3,895.83		3,895.83		3,895.83			3,895.83	
Engineering	-		911.25		429.10			-	
Disclosure	-		-		1,500.00			-	
Property Appraiser	-		-		-			-	
District Counsel	-		-		865.00			-	
Assessment Administration	-		-		7,500.00			-	
Reamortization Schedules	-		-		-			-	
Audit	-		-		-			-	
Arbitrage Calculation	-		-		-			-	
Tax Preparation	-		-		-			-	
Travel and Per Diem	-		-		-			6.80	
Telephone	-		-		-			-	
Postage & Shipping	-		0.74		24.94			-	
Copies	-		-		-			-	
Legal Advertising	271.93		58.14		270.90			267.15	
Bank Fees	-		-		-			-	
Miscellaneous	-		1.24		1.22			81.23	
Meeting Room	-		-		-			-	
Office Supplies	-		-		-			-	
Web Site Maintenance	145.00		145.00		145.00			445.00	
Holiday Decorations	-		-		1,000.00			-	
Dues, Licenses, and Fees	175.00		-		-			-	
Total General & Administrative Expenses	$	14,409.38		$	6,012.20		$	15,631.99		$	5,496.01	

 
YTD Actual

$	346,525.63
32,273.36	
$	378,798.99

$	1,800.00

4,463.00
5,458.62
15,583.32
1,340.35
1,500.00
- 865.00
7,500.00
-
-
-
- 6.80
- 25.68
- 868.12
- 83.69
-
- 880.00
1,000.00
175.00	
$	41,549.58	

Page 8 of 11

Budget to Actual

YTD Actual

$	389.88
81.07

7,596.74

1,300.00

5,110.00
- 500.00
8,178.50

77,015.00
157.96
- 4,800.00
- 1,255.00
-

1,052.12
473.60
30,252.72
188.08
96.08
296.69
- 30,500.00
1,850.00
3,337.76

5,333.36
6,666.68

-
-
-	
$	186,431.24	

For the Month Ending 1/31/2026

Field Operations
Electric Utility Services

Oct-25	Nov-25

Dec-25

Jan-26

Electric	$	-	$	130.33	$	128.97	$	130.58	
Entry Lighting	-	27.19	26.69	27.19	
Water Reclaimed	-	3,043.28	2,065.35	2,488.11	
Aquatic Contract	325.00	325.00	325.00	325.00	
Other Physical Environment
General Liability Insurance	
5,110.00	
-	
-	
-	
Property & Casualty Insurance	-	-	-	-	
Other Insurance	500.00	-	-	-	
Irrigation	-	-	7,658.50	520.00	
Landscaping Maintenance & Material					

Water-Sewer Combination Services Stormwater Control

District Landscaping
Gateway Road Landscaping	19,253.75
39.49	19,253.75
39.49	19,253.75
39.49	19,253.75
39.49	
Tree Trimming	-	-	-	-	
Flower & Plant Replacement	-	-	-	4,800.00	
Contingency	-	-	-	-	
Pest Control	1,255.00	-	-	-	
Hurricane Cleanup
Interchange Maintenance Expenses	-	-	-	-	
IME - Aquatics Maintenance	263.03	263.03	263.03	263.03	
IME - Irrigation	-	-	473.60	-	
IME - Landscaping	7,563.18	7,563.18	7,563.18	7,563.18	
IME - Lighting	-	59.43	60.92	67.73	
IME - Miscellaneous	96.08	-	-	-	
IME - Water Reclaimed	-	90.58	139.30	66.81	
IME - Landscape Improvements
New Operational Field Expenses	-	-	-	-	
					
Trail Repair
Road & Street Facilities	-	-	30,500.00	-	
					
Entry and Wall Maintenance	-	-	1,850.00	-	
Streetlights
Parks & Recreation	-	1,106.94	1,106.94	1,123.88	
Personnel Leasing Agreement - Administrator	1,333.34	1,333.34	1,333.34	1,333.34	
Personnel Leasing Agreement - Irrigation Specialist	1,666.67	1,666.67	1,666.67	1,666.67	
Infrastructure Capital Reserve	-	-	-	-	
Interchange Maintenance Reserve	-	-	-	-	
Lake/Pond Repair Reserve	-	-	-	-	

Total Field Operations Expenses	$	37,405.54	$	34,902.21

Page 9 of 11

$	74,454.73

$	39,668.76

Budget to Actual
For the Month Ending 1/31/2026

Oct-25	Nov-25	Dec-25	Jan-26		YTD Actual	

$	-	
$	-	
$	829.00	
$	-	
$	
829.00	
3,901.75	3,901.75	3,901.75	3,901.75		15,607.00	
-	-	-	-		-	
-	48.29	47.67	47.92		143.88	
-	-	-	-		-	
-	507.67	246.95	334.87		1,089.49	
$	3,901.75	$	4,457.71	$	5,025.37	$	4,284.54	$	17,669.37	

 $	55,716.67   $	45,372.12   $	95,112.09   $	49,449.31 	$	
245,650.19	

$  (47,648.31)	
$	24,586.24	
$	69,194.46	
$	87,016.41	
$	
133,148.80	

$	6,011.89	
$	5,445.70	
$	7,096.89	
$	5,703.35	
$	
24,257.83	
$	6,011.89	$	5,445.70	$	7,096.89	$	5,703.35	$	24,257.83	
$  (41,636.42)	$	30,031.94	$	76,291.35	$	92,719.76	$	157,406.63	

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

Income (Loss) from Operations

Other Income (Expense)
Interest Income

Total Other Income (Expense)

Net Income (Loss)

Page 10 of 11

Myrtle Creek Improvement District Cash Flow

FY25 Inflows	FY25 Outflows	FY26 Inflows	FY26 Outflows	End. Cash	

12,068.08	
(135,426.68)	
-	
(10,073.00)	
1,472,089.09		
5,950.99	(15,841.14)	4,680.96	-	1,466,879.90		
-	(7,354.92)	149,850.83	(58,098.15)	1,551,277.66		
-	-	373,450.69	(385,460.83)	1,539,267.52		
-	-	306,625.83	(227,546.74)	1,618,346.61		
-	-	-	(29,020.00)	1,589,326.61	as of 02/09/2026	

Beg. Cash

9/1/2025	1,605,520.69	
10/1/2025	1,472,089.09	
11/1/2025	1,466,879.90	
12/1/2025	1,551,277.66	
1/1/2026	1,539,267.52	
2/1/2026	1,618,346.61	

Totals	18,019.07	(158,622.74)	834,608.31	(710,198.72)

Page 11 of 11