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, March 10, 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
Swearing in Newly Elected Supervisor – Patrick Gill
Consideration of the Minutes of the February 17, 2026, Board of Supervisors’ Meeting (provided under separate cover)
Consideration of Resolution 2026-04, Election of Officers

Business Matters
Consideration of Acquisition of Performance Drive Phase 3 Real Property
(provided under separate cover)
Consideration of Proposals for Trail Repairs (provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in February 2026 in an amount totaling $51,087.60
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

Swearing in Newly Elected Supervisor
-  Patrick Gill

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: 	

Minutes of the February 17, 2026, Board of Supervisors’ Meeting (provided under separate cover)

Resolution 2026-04, Election of Officers

RESOLUTION 2026-04

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.	Kam Shenai		is elected Chair.	
Section 2.	Marsha Leed		is elected Vice Chair.	
Section 3.	Jennifer Walden		is elected Secretary.	
Section 4.	Lynne Mullins		is elected Assistant Secretary.	
	Trudy Evans		is elected Assistant Secretary.	
	Patrick Gill		is elected Assistant Secretary.	
	Bob da Silva		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	become	effective	immediately upon its adoption.
PASSED AND ADOPTED THIS 10th DAY of March 2026.

MYRTLE CREEK
ATTEST:	IMPROVEMENT DISTRICT

Secretary/Assistant Secretary	Chair/Vice-Chair

Acquisition of
Performance Drive Phase 3 Real Property
(provided under separate cover)

Proposals for Trail Repairs
(provided under separate cover)

Operation and Maintenance Expenditures Paid in February 2026 in an amount totaling $51,087.60

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, 2026 through February 28, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:    $51,087.60

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

AP Check Register (Current by Bank)
Check Dates: 2/1/2026 to 2/28/2026

Check No.	Date	Status*	Vendor ID	Payee Name	Amount

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

83	02/02/26	P	C+PRA	Ce$ra %andsca$e		$28(4 5.50	
84	02/06/26	P	AWC	A,uatic Weed Control( Inc.		$325.00	
85	02/06/26	P	OR%1+N	Orlando 1entinel		$219.50	
86	02/11	P	456A4	4utak Rock		$201.00	
8 	02/11	P	P7M8C	P7M 8rou$ Consulting		$3(935.83	
88	02/20/26	P	AWC	A,uatic Weed Control( Inc.		$325.00	
89	02/20/26	P	BCID	Boggy Creek I9$ro:. District		$4 .65	
90	02/20/26	P	C+PRA	Ce$ra %andsca$e		$4( 10.00	
91	02/26/26	P	DONMC	Donald W. McIntosh Associates		$504.43	
92	02/26/26	P	41;+NA	4a9alakar 1henai		$200.00	
93	02/26/26	P	%DA1I%	%ionel R. Dasil:a		$200.00	
94	02/26/26	P	M%++D	Marsha %eed		$200.00	
95	02/26/26	P	6+<AN1	6rudy +:ans		$200.00	
					BANK OM1471 REGISTER TOTAL:	$39,543.91	

BANK ID: OM-ACH - CIT( NATIONAL BANK - ACH 4 5IRES	**1-1*1-****-**-*1	
0063	02/11	M	BCID	Boggy Creek I9$ro:. District		$8(000.24	
0064	02/12/26	M	<8%OBA	<8lobal6ech		$145.00	
0065	02/1 /26	M	6R516+	51 Bank as 6rustee =or Myrtle		$34 (1 6.94	
0066	02/19/26	M	O5C	Orlando 5tilities Co99ission		$3(301.10	
006 	02/20/26	M	<8%OBA	<8lobal6ech		$145.00	
					BANK OM-ACH REGISTER TOTAL:	$358,768.28	
					GRAND TOTAL :	$398,312.19	

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

BANK:	OM1471	CHECK:	4783	AMOUNT:	$28,475.50	DATE:	02/02/26	VEND ID:	CEPRA			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
11/30/25
12/23/25
01/01/26
01/01/26	O-S9281 O-S9359 O-S9398 O-S9398			PA 707 - Nov. controller 1 val PA 707 - Loropetalum bed repla PA 706 - Jan. Sec. 1 landscapi PA 706 - Jan. Wellspring lands				$0.00
$0.00
$0.00
$0.00		$520.00
$4,800.00
$19,253.75
$3,901.75	

BANK:	
OM1471	
CHECK:	
4784	TOTALS:
AMOUNT:	
$325.00	
DATE:	
02/06/26	
VEND ID:	$0.00
AWC		$28,475.50	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/26/26	117978			PA 709 - Jan. waterway service				$0.00		$325.00	
				TOTALS:					$0.00		$325.00	
BANK:	OM1471	CHECK:	4785	AMOUNT:	$219.50	DATE:	02/06/26	VEND ID:	ORLSEN			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/18/26	OSC131369834		PA 709 - Ad: 7905112 ; 01/20/2				$0.00		$219.50	
				TOTALS:					$0.00		$219.50	
BANK:	OM1471	CHECK:	4786	AMOUNT:	$201.00	DATE:	02/11/26	VEND ID:	KUTAK			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/29/26	3690239			PA 710 - Gen. legal thru 12/31				$0.00		$201.00	
				TOTALS:					$0.00		$201.00	
BANK:	OM1471	CHECK:	4787	AMOUNT:	$3,935.83	DATE:	02/11/26	VEND ID:	PFMGC			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/14/26
02/05/26	140434
DM-02-2026-47		PA 709 - Nov. storage facility PA 710 - DM fee: Feb. 2026				$0.00
$0.00		$40.00
$3,895.83	

BANK:	
OM-ACH	
CHECK:	
70063	TOTALS:
AMOUNT:	
$8,000.24	
DATE:	
02/11/26	
VEND ID:	$0.00
BCID		$3,935.83	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/31/26
01/31/26
01/31/26
01/31/26
01/31/26	ICM2026-04 ICM2026-04 ICM2026-04 ICM2026-04 ICM2026-04		PA 710 - Jan. ICM aquatics mai PA 710 - Jan. ICM landscape ma PA 710 - Jan. ICM lighting
PA 710 - Jan. ICM water reclai PA 710 - Jan. Gateway Rd lands				$0.00
$0.00
$0.00
$0.00
$0.00		$263.03
$7,563.18
$67.73
$66.81
$39.49	

BANK:	
OM-ACH	
CHECK:	
70064	TOTALS:
AMOUNT:	
$145.00	
DATE:	
02/12/26	
VEND ID:	$0.00
VGLOBA		$8,000.24	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/01/26	8114			PA 709 - Jan. website maint.				$0.00		$145.00	
				TOTALS:					$0.00		$145.00	
BANK:	OM-ACH	CHECK:	70065	AMOUNT:	$347,176.94	DATE:	02/17/26	VEND ID:	TRUSTE			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/14/26	2026.02.13		S2016 FY26 DS (239413000) Dist				$0.00		$347,176.94	

BANK:	
OM-ACH	
CHECK:	
70066	TOTALS:
AMOUNT:	
$3,301.10	
DATE:	
02/19/26	
VEND ID:	$0.00
OUC		$347,176.94	
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/02/26
02/02/26
02/02/26
02/02/26
02/02/26
02/02/26
02/02/26	00001-020226
00001-020226
00001-020226
00001-020226
00001-020226
00001-020226
00001-020226		PA 710 - 01/02/2026 - 02/02/20 PA 710 - 01/02/2026 - 02/02/20 PA 710 - 01/02/2026 - 02/02/20 PA 710 - 01/02/2026 - 02/02/20 PA 710 - 01/02/2026 - 02/02/20 PA 710 - 01/02/2026 - 02/02/20 PA 710 - 01/02/2026 - 02/02/20				$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		$129.84
$1,624.00
$1,123.88
$27.07
$48.17
$346.91
$1.23	
			TOTALS:				$0.00		$3,301.10	

BANK:	OM-ACH	CHECK:	70067	AMOUNT:	$145.00	DATE:	02/20/26	VEND ID:	VGLOBA			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/01/26	8194			PA 711 - Feb. website maint.				$0.00		$145.00	
				TOTALS:					$0.00		$145.00	
BANK:	OM1471	CHECK:	4788	AMOUNT:	$325.00	DATE:	02/20/26	VEND ID:	AWC			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/01/26	1136274			PA 711 - Feb. waterway service				$0.00		$325.00	
				TOTALS:					$0.00		$325.00	
BANK:	OM1471	CHECK:	4789	AMOUNT:	$47.65	DATE:	02/20/26	VEND ID:	BCID			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/31/26	OSC132234456		PA 711 - BCID req 510; legal a				$0.00		$47.65	
				TOTALS:					$0.00		$47.65	
BANK:	OM1471	CHECK:	4790	AMOUNT:	$4,710.00	DATE:	02/20/26	VEND ID:	CEPRA			
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
12/31/25
12/31/25	O-S9447 O-S9449 O-S9450 O-S9451 O-S9452 O-S9453 O-S9454 O-S9455			PA 711 - Dec. controller 2 val PA 711 - Dec. controller 1 irr PA 711 - Dec. controller 2 irr PA 711 - Dec. controller 3 irr PA 711 - Dec. controller 4 M.I PA 711 - Dec. controller 5 irr PA 711 - Dec. Wellspring A irr PA 711 - Dec. Wellspring B irr				$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00		$520.00
$1,067.50
$187.00
$822.00
$978.50
$414.00
$515.00
$206.00	

BANK:	
OM1471	
CHECK:	
4791	TOTALS:
AMOUNT:	
$504.43	
DATE:	
02/26/26	
VEND ID:	$0.00
DONMC		$4,710.00	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/20/26	48541			PA 712 - Eng. srvs. thru 01/30				$0.00		$504.43	
				TOTALS:					$0.00		$504.43	
BANK:	OM1471	CHECK:	4792	AMOUNT:	$200.00	DATE:	02/26/26	VEND ID:	KSHENA			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 712 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM1471	CHECK:	4793	AMOUNT:	$200.00	DATE:	02/26/26	VEND ID:	LDASIL			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 712 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM1471	CHECK:	4794	AMOUNT:	$200.00	DATE:	02/26/26	VEND ID:	MLEED			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 712 - Supervisor fee 2026.0				$0.00		$200.00	
				TOTALS:					$0.00		$200.00	
BANK:	OM1471	CHECK:	4795	AMOUNT:	$200.00	DATE:	02/26/26	VEND ID:	TEVANS			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 712 - Supervisor fee 2026.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	

Work Authorizations/Proposed Services
(if applicable)

District’s Financial Position and Budget to Actual YTD

Myrtle Creek Improvement District
February 2026 Financial Package

February 28, 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 2/28/2026	

General Fund	

Debt Service		
Capital Projects Fund		
General Long-Term Debt			

Total	
		
Assets									
Current Assets											
General Checking Account	$ 1,828,273.45								$	1,828,273.45	
Money Market Account	70,420.35									70,420.35	
State Board of Administration	4,759.81									4,759.81	
Pond Reserve	20,332.69									20,332.69	
General Reserve	327,726.66									327,726.66	
Assessments Receivable	322,906.01									322,906.01	
Deposits	4,300.00									4,300.00	
Assessments Receivable		$	436,840.24								436,840.24	
Debt Service Reserve		324,430.83								324,430.83	
Revenue		973,460.90								973,460.90	
Prepayment		3,637.01								3,637.01	
Total Current Assets	$ 2,578,718.97	$ 1,738,368.98		$	-		$	-		$	4,317,087.95	

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

$	1,301,528.74		

$	

1,301,528.74	
									11,358,471.26			11,358,471.26	
	$	-		$	-		$	-		$ 12,660,000.00		$	12,660,000.00	
Total Assets	$ 2,578,718.97		$	1,738,368.98		$	-		$ 12,660,000.00		$	16,977,087.95	

Page 1 of 11

Myrtle Creek Improvement District

General Long-Term Debt			Total	

$	

42,417.51	
				7,986.40	
				322,906.01	
				436,840.24	
$	-		$	810,150.16	

$ 12,660,000.00		
$	
12,660,000.00	
$ 12,660,000.00		$	12,660,000.00	
$ 12,660,000.00		$	13,470,150.16	

$	

1,310,790.05	
			555,494.86	
			339,124.14	
			681,599.44	
			619,929.30	
			(417,951.06)	
			417,951.06	
$	-		$	3,506,937.79	
				
$ 12,660,000.00		$	16,977,087.95	

Statement of Financial Position As of 2/28/2026

Current Liabilities

General Fund	Debt Service

Liabilities and Net Assets

Capital Projects Fund

Accounts Payable	$	42,417.51		
Due To Other Governmental Units	7,986.40		
Deferred Revenue	322,906.01		
Deferred Revenue		$	436,840.24	

$	373,309.92		$	436,840.24		$	-	
$	-		$	-		$	-	
$	373,309.92		$	436,840.24		$	-	

$ 1,310,790.05
555,494.86
339,124.14							

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			619,929.30		
Net Assets, Unrestricted					$	(417,951.06)	
Net Assets, Unrestricted					417,951.06	
Total Net Assets	$ 2,205,409.05		$ 1,301,528.74		$	-	
						
Total Liabilities and Net Assets	$ 2,578,718.97		$ 1,738,368.98		$	-	

Page 2 of 11

Myrtle Creek Improvement District
Statement of Activities As of 2/28/2026	
	
General Fund	
Debt Service	Capital Projects Fund	General Long-Term Debt		
Total	
Revenues
On-Roll Assessments On-Roll Assessments
Total Revenues	

$	603,153.83
$	815,970.71

$	603,153.83	$	815,970.71	

$	-	

$	-	

$

$	

603,153.83
815,970.71
1,419,124.54	
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	

$	2,600.00
4,463.00
5,458.62
19,479.15
1,844.78
1,500.00
1,066.00
7,500.00
20.80
25.68
915.77
124.92
1,025.00
1,000.00
175.00
711.77
108.14
10,657.14
1,625.00
5,110.00
500.00
13,717.50
115,974.95
4,800.00			

$	

2,600.00
4,463.00
5,458.62
19,479.15
1,844.78
1,500.00
1,066.00
7,500.00
20.80
25.68
915.77
124.92
1,025.00
1,000.00
175.00
711.77
108.14
10,657.14
1,625.00
5,110.00
500.00
13,717.50
115,974.95
4,800.00	

Page 3 of 11

Myrtle Creek Improvement District
Statement of Activities As of 2/28/2026	
	
General Fund		
Debt Service		Capital Projects Fund		General Long-Term Debt			
Total	
IME - Aquatics Maintenance	$	1,315.15								$	1,315.15	
IME - Irrigation	473.60									473.60	
IME - Landscaping	37,815.90									37,815.90	
IME - Lighting	253.90									253.90	
IME - Miscellaneous	96.08									96.08	
IME - Water Reclaimed	351.57									351.57	
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	4,461.64									4,461.64	
Personnel Leasing Agreement	15,000.05									15,000.05	
Principal Payments			$	5,000.00							5,000.00	
Interest Payments			198,950.00							198,950.00	
Total Expenses	$	293,776.11		$	203,950.00		$	-		$	-		$	497,726.11	
Other Revenues (Expenses) & Gains (Losses)												
Interest Income	$	29,746.42								$	29,746.42	
Dividends Income			$	7,908.59							7,908.59	
Total Other Revenues (Expenses) & Gains (Losses)	$	29,746.42		$	7,908.59		$	-		$	-		$	37,655.01	
Change In Net Assets	$	339,124.14		$	619,929.30		$	-		$	-		$	959,053.44	
Net Assets At Beginning Of Year	$ 1,866,284.91		$	681,599.44		$	-		$	-		$	2,547,884.35	

Net Assets At End Of Year	
$ 2,205,409.05		
$	1,301,528.74		
$	
-		
$	-		
$	
3,506,937.79	

Page 4 of 11

Budget to Actual
For the Month Ending 2/28/2026

YTD Actual	YTD Budget

YTD Variance

FY 2026	Percentage Adopted Budget		Variance

Revenues

On-Roll Assessments	$	603,153.83		$	386,479.92		$	216,673.91		$	927,551.80		65.03%	
Carryforward Revenue	40,341.70		40,341.70		-		96,820.02		41.67%	
Net Revenues	$	643,495.53		$	426,821.62		$	216,673.91		$  1,024,371.82		62.82%	

Supervisor Fees	$	2,600.00	$	5,000.00	$	(2,400.00)	$	12,000.00	21.67%	
Financial & Administrative	
Public Officials' Liability Insurance	4,463.00		2,017.29		2,445.71		4,841.50		92.18%	
Trustee Services	5,458.62		2,916.67		2,541.95		7,000.00		77.98%	
Management	19,479.15		19,479.17		(0.02)		46,750.00		41.67%	
Engineering	1,844.78		4,166.67		(2,321.89)		10,000.00		18.45%	
Disclosure	1,500.00		625.00		875.00		1,500.00		100.00%	
Property Appraiser	-		1,458.33		(1,458.33)		3,500.00		0.00%	
District Counsel	1,066.00		10,416.67		(9,350.67)		25,000.00		4.26%	
Assessment Administration	7,500.00		3,125.00		4,375.00		7,500.00		100.00%	
Reamortization Schedules	-		104.17		(104.17)		250.00		0.00%	
Audit	-		1,666.67		(1,666.67)		4,000.00		0.00%	
Arbitrage Calculation	-		375.00		(375.00)		900.00		0.00%	
Tax Preparation	-		17.50		(17.50)		42.00		0.00%	
Travel and Per Diem	20.80		125.00		(104.20)		300.00		6.93%	
Telephone	-		10.42		(10.42)		25.00		0.00%	
Postage & Shipping	25.68		208.33		(182.65)		500.00		5.14%	
Copies	-		833.33		(833.33)		2,000.00		0.00%	
Legal Advertising	915.77		2,708.37		(1,792.60)		6,500.00		14.09%	
Bank Fees	-		20.00		(20.00)		48.00		0.00%	
Miscellaneous	124.92		2,083.33		(1,958.41)		5,000.00		2.50%	
Meeting Room	-		104.17		(104.17)		250.00		0.00%	
Office Supplies	-		41.67		(41.67)		100.00		0.00%	
Web Site Maintenance	1,025.00		1,225.00		(200.00)		2,940.00		34.86%	
Holiday Decorations	1,000.00		520.83		479.17		1,250.00		80.00%	
Dues, Licenses, and Fees	175.00		72.92		102.08		175.00		100.00%	
Total General & Administrative Expenses	$	47,198.72		$	59,321.51		$	(12,122.79)		$	142,371.50		33.15%	

General & Administrative Expenses Legislative

Page 5 of 11

Budget to Actual	
For the Month Ending 2/28/2026	

YTD Actual		

YTD Budget		

YTD Variance	
FY 2026
Adopted Budget	
Percentage Variance	

$	

519.72		

$	

625.00		

$	

(105.28)	

$	1,500.00	

34.65%	
	108.14			208.33			(100.19)	500.00	21.63%	
	9,220.74			15,833.33			(6,612.59)	38,000.00	24.27%	
	1,625.00			1,625.00			-	3,900.00	41.67%	
	5,110.00			2,310.06			2,799.94	5,544.15	92.17%	
	-			708.33			(708.33)	1,700.00	0.00%	
	500.00			625.00			(125.00)	1,500.00	33.33%	
	12,167.50			18,750.00			(6,582.50)	45,000.00	27.04%	
	96,268.75			114,583.33			(18,314.58)	275,000.00	35.01%	
	197.45			197.45			-	473.88	41.67%	
	-			17,500.00			(17,500.00)	42,000.00	0.00%	
	4,800.00			20,833.33			(16,033.33)	50,000.00	9.60%	
	-			31,631.33			(31,631.33)	75,915.18	0.00%	
	1,255.00			541.67			713.33	1,300.00	96.54%	
	-			20,833.33			(20,833.33)	50,000.00	0.00%	
	1,315.15			1,391.25			(76.10)	3,339.00	39.39%	
	473.60			1,312.50			(838.90)	3,150.00	15.03%	
	37,815.90			38,472.13			(656.23)	92,333.12	40.96%	
	253.90			525.00			(271.10)	1,260.00	20.15%	
	96.08			2,625.00			(2,528.92)	6,300.00	1.53%	
	351.57			656.25			(304.68)	1,575.00	22.32%	
	-			5,250.00			(5,250.00)	12,600.00	0.00%	
	30,500.00			6,250.00			24,250.00	15,000.00	203.33%	
	1,850.00			4,166.67			(2,316.67)	10,000.00	18.50%	
	4,461.64			6,250.00			(1,788.36)	15,000.00	29.74%	
	6,666.70			6,666.67			0.03	16,000.00	41.67%	
	8,333.35			8,333.33			0.02	20,000.00	41.67%	
	-			8,333.33			(8,333.33)	20,000.00	0.00%	
	-			983.33			(983.33)	2,360.00	0.00%	
	-			2,083.33			(2,083.33)	5,000.00	0.00%	
$	223,890.19		$	340,104.28		$	(116,214.09)	$	816,250.33	27.43%	

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 2/28/2026	

YTD Actual	

YTD Budget	

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

$	

1,550.00
19,508.75
- 192.05
- 1,436.40	

$	2,179.38
16,666.67
2,975.97
3,282.15
1,458.33
2,083.33	
Total Wellspring Blvd./Performance Drive Expenses	$	22,687.20	$	28,645.83	

Total Expenses	
$	
293,776.11	
$	428,071.62	
Income (Loss) from Operations	$	349,719.42	$	(1,250.00)	
Other Income (Expense)
Interest Income	

$	

29,746.42	

$	1,250.00	
Total Other Income (Expense)	$	29,746.42	$	1,250.00	
Net Income (Loss)	$	379,465.84	$	-	

	
YTD Variance	FY 2026
Adopted Budget		Percentage Variance	

$	(629.38)	
$	5,230.50		
29.63%	
2,842.08	40,000.00		48.77%	
(2,975.97)	7,142.33		0.00%	
(3,090.10)	7,877.17		2.44%	
(1,458.33)	3,500.00		0.00%	
(646.93)	5,000.00		28.73%	
$	(5,958.63)	$	68,750.00		33.00%	

$  (134,295.51)	
$  1,027,371.83		
28.59%	
$	350,969.42	$	(3,000.00)			

$	28,496.42	
$	3,000.00		
991.55%	
$	28,496.42	$	3,000.00		991.55%	
$	379,465.84	$	-			

Page 7 of 11

Myrtle Creek Improvement District
Budget to Actual
For the Month Ending 2/28/2026	
	
Oct-25	
Nov-25	
Dec-25		
Jan-26		
Feb-26	

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	

$	-	$	61,890.03	$ 156,238.21
8,068.36	8,068.33	8,068.34
$	8,068.36	$	69,958.36	$ 164,306.55

$	-	$	1,000.00	$	-

4,463.00	-	-
5,458.62	-	-
3,895.83	3,895.83	3,895.83
-	911.25	429.10
-	-	1,500.00
-	-	-
-	-	865.00
-	-	7,500.00
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	0.74	24.94
-	-	-
271.93	58.14	270.90
-	-	-
-	1.24	1.22
-	-	-
-	-	-
145.00	145.00	145.00
-	-	1,000.00
175.00	-	-
$  14,409.38	$	6,012.20	$  15,631.99	

$

$

$

$	

128,397.39
8,068.33
136,465.72

800.00

-
- 3,895.83
-
-
-
-
-
-
-
-
- 6.80
-
-
- 267.15
- 81.23
-
- 445.00
-
-
5,496.01	

$

$

$

$	

256,628.20
8,068.34
264,696.54

800.00

-
- 3,895.83
504.43
-
- 201.00
-
-
-
-
- 14.00
-
-
- 47.65
- 41.23
-
- 145.00
-
-
5,649.14	

 
YTD Actual

$	603,153.83
40,341.70	
$	643,495.53

$	2,600.00

4,463.00
5,458.62
19,479.15
1,844.78
1,500.00
- 1,066.00
7,500.00
-
-
-
- 20.80
- 25.68
- 915.77
- 124.92
-
- 1,025.00
1,000.00
175.00	
$	47,198.72	

Page 8 of 11

Budget to Actual

Oct-25		Nov-25	Dec-25	

$	

-	

$	

130.33	$	128.97	
	-		27.19	26.69	
	-		3,043.28	2,065.35	
325.00		325.00	325.00	
5,110.00		-	-	
	-		-	-	
500.00		-	-	
	-		-	7,658.50	

For the Month Ending 2/28/2026

Jan-26	Feb-26	

Field Operations			
Electric Utility Services			
Electric	$	130.58	$	129.84	
Entry Lighting	27.19	27.07	
Water-Sewer Combination Services			
Water Reclaimed				2,488.11	1,624.00	
Stormwater Control						
Aquatic Contract				325.00	325.00	
Other Physical Environment						
General Liability Insurance				-	-	
Property & Casualty Insurance				-	-	
Other Insurance				-	-	
Irrigation				520.00	3,989.00	
Landscaping Maintenance & Material
District Landscaping	
19,253.75	
19,253.75	
19,253.75	
19,253.75	
19,253.75	
Gateway Road Landscaping	39.49	39.49	39.49	39.49	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	263.03	
IME - Irrigation	-	-	473.60	-	-	
IME - Landscaping	7,563.18	7,563.18	7,563.18	7,563.18	7,563.18	
IME - Lighting	-	59.43	60.92	67.73	65.82	
IME - Miscellaneous	96.08	-	-	-	-	
IME - Water Reclaimed	-	90.58	139.30	66.81	54.88	
IME - Landscape Improvements	-	-	-	-	-	
New Operational Field Expenses						
Trail Repair	-	-	30,500.00	-	-	
Road & Street Facilities	
Entry and Wall Maintenance	-	-	1,850.00	-	-	
Streetlights	-	1,106.94	1,106.94	1,123.88	1,123.88	
Parks & Recreation	
Personnel Leasing Agreement - Administrator	1,333.34	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	1,666.67	
Contingency	
Infrastructure Capital Reserve	-		-		-		-		-	
Interchange Maintenance Reserve	-		-		-		-		-	
Lake/Pond Repair Reserve	-		-		-		-		-	
Total Field Operations Expenses	$  37,405.54		$	34,902.21		$  74,454.73		$  39,668.76		$	37,458.95	

YTD Actual

$	519.72
108.14

9,220.74

1,625.00

5,110.00
- 500.00
12,167.50

96,268.75
197.45
- 4,800.00
- 1,255.00
-

1,315.15
473.60
37,815.90
253.90
96.08
351.57
- 30,500.00
1,850.00
4,461.64

6,666.70
8,333.35

-
-
-	
$	223,890.19	

Page 9 of 11

Budget to Actual
For the Month Ending 2/28/2026

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

$		-	$		829.00	$		-	$		721.00	$ 3,901.75		3,901.75		3,901.75		3,901.75
-	-	-	-	
1,550.00
19,508.75
-	
48.29	47.67	47.92	48.17
-	-	-	-	192.05
-	
507.67	246.95	334.87	346.91	1,436.40	
$	4,457.71	$	5,025.37	$	4,284.54	$	5,017.83	$	22,687.20	
 $	45,372.12   $  95,112.09   $  49,449.31   $	48,125.92 	$	293,776.11	

$	24,586.24	$  69,194.46	$  87,016.41	$  216,570.62	$	
349,719.42	

$	5,445.70	$	7,096.89	$	5,703.35	$	5,488.59	$	
29,746.42	
$	5,445.70	$	7,096.89	$	5,703.35	$	5,488.59	$	29,746.42	
$	30,031.94	$  76,291.35	$  92,719.76	$  222,059.21	$	379,465.84	

Oct-25

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

$	-
3,901.75
-
-
-
-

$	3,901.75

 $  55,716.67 

Income (Loss) from Operations

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

Net Income (Loss)

$  (47,648.31)

$	6,011.89
$	6,011.89

$  (41,636.42)

Page 10 of 11

Myrtle Creek Improvement District Cash Flow

	Beg. Cash	FY25 Inflows	FY25 Outflows	FY26 Inflows	FY26 Outflows	End. Cash	

9/1/2025	
1,605,520.69	
12,068.08	
(135,426.68)	
-	
(10,073.00)	
1,472,089.09	
10/1/2025	1,472,089.09	5,950.99	(15,841.14)	4,680.96	-	1,466,879.90	
11/1/2025	1,466,879.90	-	(7,354.92)	149,850.83	(58,098.15)	1,551,277.66	
12/1/2025	1,551,277.66	-	-	373,450.69	(385,460.83)	1,539,267.52	
1/1/2026	1,539,267.52	-	-	306,625.83	(227,546.74)	1,618,346.61	
2/1/2026	1,618,346.61	-	-	608,239.03	(398,312.19)	1,828,273.45	
3/1/2026	1,828,273.45	-	-	-	-	1,828,273.45 as of 03/04/2026	
	
Totals	
18,019.07	
(158,622.74)	
1,442,847.34	
(1,079,490.91)		

Page 11 of 11