Agenda Page 1 UNIVERSITY PLACE COMMUNITY DEVELOPMENT DISTRICT AGENDA PACKAGE FEBRUARY 27, 2019

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1 Agenda Page 1 COMMUNITY DEVELOPMENT DISTRICT AGENDA PACKAGE FEBRUARY 27, 2019

2 Agenda Page 2 February 20, 2019 University Place Inframark, Infrastructure Management Services 210 North University Drive, Suite 702 Coral Springs, Florida Telephone: (954) Fax: (954) UniversityPlacecdd.org Board of Supervisors University Place Dear Board Members: The regular meeting of the Board of Supervisors of the University Place Community Development District will be held Wednesday February 27, 2019 at 3:30 p.m. in the Community Room; Northern Trust Bank, located at 6320 Venture Drive; Lakewood Ranch, Florida Following is the advance agenda for the meeting: 1. Call to Order and Roll Call 2. Public Comment on Agenda Items 3. Organizational Matters A. Acceptance of Resignation of Jane Lange, Seat #1 B. Discussion and Appointment to Vacant Seat #1 C. Oath of Office D. Consideration of Resolution , Designation of Officers 4. Approval of the Consent Agenda A. Minutes of the January 23, 2019 Meeting B. Financial Statements, Check Run Summary and Invoices as of January 31, District Manager s Report A. Discussion of Follow-up Items B. Presentation of the Preliminary FY2020 Budget 6. Old Business A. RFP for Pump Maintenance B. Gate Arm Backup Team 7. New Business A. Speeding Problem on UP Streets B. Who to Call post card update 8. Staff Reports A. Attorney B. Engineer

3 University Place CDD February 20, 2019 Page 2 Agenda Page 3 9. Supervisor Requests & Comments 10. Public Comment Period 11. Adjournment All supporting documentation is enclosed or will be distributed at the meeting. The balance of the agenda is routine in nature and will be discussed at the meeting. I look forward to seeing you at the meeting and in the meantime if you have any questions, please contact me. Sincerely, Robert Nanni Robert Nanni, District Manager cc: Andrew Cohen Jack Knowlton Joel McGee 2

4 Third Order of Business Agenda Page 4

5 3A. Agenda Page 5

6 Agenda Page 6 From: Jane Lange <janewlange@gmail.com> Sent: Friday, February 15, :09 PM To: Nanni, Bob <Bob.Nanni@inframark.com> Subject: Lange letter of resignation February 14, 2019 Dear University Place CDD Board, It is with regret that I resign my position of Seat One on our CDD Board of Directors effective with the February monthly meeting. We have moved out of the University Place CDD and this necessitates my resignation. I wish you all the best and know with your continued dedication on behalf of University Place, our community will remain one of the nicest and most financially sound districts in the area. I have enjoyed my time on the board as well as our almost fifteen years in the community. Best of luck to you all! Sincerely, Jane Lange Seat one University Place CDD

7 3D. Agenda Page 7

8 Agenda Page 8 RESOLUTION A RESOLUTION DESIGNATING OFFICERS OF THE COMMUNITY DEVELOPMENT DISTRICT WHEREAS, the Board of Supervisors of the University Place Community Development District at a regular business meeting on Wednesday February 27, 2019 desires to appoint the below recited persons to the offices specified. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COMMUNITY DEVELOPMENT DISTRICT: 1. The following persons were appointed to the offices shown, to wit:. Chairman Vice Chairman Robert Nanni Stephen Bloom Alan Baldwin Secretary Treasurer Assistant Treasurer Assistant Secretary Assistant Secretary Assistant Secretary PASSED AND ADOPTED THIS, 27 TH DAY OF FEBRUARY, Chairman Robert Nanni Secretary

9 Fourth Order of Business Agenda Page 9

10 4A. Agenda Page 10

11 Agenda Page MINUTES OF MEETING COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the University Place Community Development District was held Wednesday, January 23, 2019 at 3:37 p.m. in the Community Room of the Northern Trust Bank, located at 6320 Venture Drive, Lakewood Ranch, Florida Present and constituting a quorum were: Frank Ingrassia Chairman Jane Lange Vice Chairman Lauren Kessler Assistant Secretary Armand Houze Assistant Secretary Also present were: Robert Nanni District Manager Brandon Romine Field Manager The following is a summary of the discussions and actions taken at the January 23, 2019 University Place s Board of Supervisors of Meeting. FIRST ORDER OF BUSINESS Call to Order and Roll Call Mr. Ingrassia called the meeting to order. Supervisors introduced themselves, a quorum was established. SECOND ORDER OF BUSINESS Public Comment on Agenda Items None. THIRD ORDER OF BUSINESS Approval of Consent Agenda A. Minutes of the December 5, 2018 Meeting Mr. Ingrassia asked if there were any corrections, omissions, deletions to the minutes. Corrections regarding TLC testing of the pump cycles by house groupings were made and will become part of the final record. On MOTION by Mr. Houze seconded by Mr. Ingrassia with all in favor, the minutes of December 5, 2018 were approved as amended. 4-0 UNAPPROVED

12 January 23, 2019 Agenda Page 12 University Place CDD B. Financial Statements, Check Run Summary and Invoices as of November 30, 2018 Assumed inclusion in the acceptance of Minutes, Statements, et al. FOURTH ORDER OF BUSINESS District Manager s Report B. Discussion of Planters Knoll Speed Bump Mr. Ingrassia received a letter regarding the speed bump from resident Frank Bibbins. A copy was provided to the Board. Mr. Ingrassia read the letter aloud. Discussion ensued regarding speed bumps and the location placement of the speed bump proposed on Planters Knoll. Several residents voiced their disapproval of the speed bump and about not being notified before the vote. Mr. Ingrassia noted receipt of several s, both for and against the speed bump, and that the decision had already been voted upon and approved, 4-1, after considering comments of the residents who appeared to speak for the bump. Mr. Ingrassia further stated that the Board cannot poll the community about every decision made; It is simply not feasible. Mr. Ingrassia reminded all that CDD meetings are open to the residents and announced well in advance. He also acknowledged that it takes time to get the minutes on the web site, so he has instructed the web administrator to start placing a summary page of all decisions the Board makes during a meeting on the CDD website until the minutes are published. Mr. Ingrassia recommended letting the District Engineer decide the optimal location of the speed bump on Planters Knoll. A. Discussion of Follow-up Items No Parking Signs - Mr. Nanni reported the no parking signs have been installed. Looking into what happened to a missing pole and finding decorative caps to go on top of the poles. A Board discussion ensued regarding the signs, their height, use of the pole space, etc. The Board decided to have the supervisors go around the community to view the signs to determine if there are any changes that need to be made. Changes to Post Orders Mr. Nanni reported new post orders were sent to the Board on January 14, The post orders are in compliance with what the Board previously discussed in the meetings. UNAPPROVED 2

13 January 23, 2019 Agenda Page 13 University Place CDD Barrier Arm Knock Off Letters Mr. Nanni reported he called two collection agencies, but they did not answer. Will look into finding a collection agency to aid the District. Barrier arm LED lights are on top of the barrier arms instead of the bottom at the Cooper Creek Exit, wrapped in plastic/foam in order to prevent them from getting crushed, just like the top lights. We will see which version (top or bottom) fares better. Honore Barrier Arm Mr. Ingrassia stated the Honore gate needs to operate independently from the arms, so we can close the swing gates when the Arms are out of service. Common area grounds Mr. Ingrassia reported they are waiting for an explanation from TLC and their fertilization counterpart. Tammy of Biologics was supposed to write a dissertation about the grounds: how often they should be watered, the type of fertilizer to use, etc.-- need to follow up with Rich (TLC) and Tammy. Mr. Ingrassia related that the Irrigation schedule is now reduced to 75% watering time from previous cycles, in order to cut down on fungus and dollar weed, etc., Our request for 3 shorter watering days was summarily rejected by SWFTMD. Pressure Wash and Reseal Pavers Mr. Nanni reported curb and sidewalk pressure washing is complete. Street Lamps Mr. Ingrassia stated that Mr. Pewterbaugh (onsite maintenance) has completed the street lamp bulb replacements, and that they are all the same color. FIFTH ORDER OF BUSINESS Old Business Mr. Nanni reported that our contractor Whitacre is monitoring road surface, including stones in the aggregate that affect the HA5 coating. They are waiting on Whitacre to send documentation that they will monitor the road, and if it gets worse it will get taken care of through the warranty. SIXTH ORDER OF BUSINESS Staff Reports A. Attorney None B. Engineer Mr. Nanni asked the Board to keep in mind the District Engineer Jack Knowlton is working on a big project (non-up related). UNAPPROVED 3

14 January 23, 2019 Agenda Page 14 University Place CDD SEVENTH ORDER OF BUSINESS Supervisor Requests & Comments Mr. Houze commented the chain linked fence, approximately 50 feet north of the Honore monument, needs to be reinstalled back up to the post. Stated that trees are pushing the fence near the Fire Station. Ms. Kessler informed the Board from a HOA standpoint, they do not have an official inventory list of which trees are HOA vs. CDD. She distributed a preliminary mapping. Ms. Lange commented on the shrubs. She wants the CDD to consider adding another row of bushes along Honore before the county widens the roads. Ms. Kessler commented that there are some down and dead trees on the Nature Trail that TLC needs to remove. Mr. Ingrassia commented he would like to solicit proposals for irrigation pump maintenance companies to maintain the District s irrigation pumps via sealed competitive bids, and asked Mr. Nanni to begin the process. EIGHTH ORDER OF BUSINESS Public Comment Period Comments were received. NINTH ORDER OF BUSINESS Adjournment There being no further discussion, On MOTION by Mr. Houze seconded by Ms. Kessler with all in favor, the meeting adjourned. 4-0 Robert Nanni Frank Ingrassia Secretary/Assistant Secretary Chairman UNAPPROVED 4

15 4B Agenda Page 15

16 Agenda Page 16 Financial Report January 31, 2019 Prepared by

17 Agenda Page 17 Financial Statements (Unaudited) January 31, 2019

18 Agenda Page 18 Table of Contents FINANCIAL STATEMENTS Balance Sheet - All Funds. Pages 1-2 Statement of Revenues, Expenditures and Changes in Fund Balance General Fund. Pages 3-6 Debt Service Fund. Page 7-8 SUPPORTING SCHEDULES Trend Report. Pages 9-11 Non-Ad Valorem Special Assessments. Page 12 Cash and Investment Report. Page 13 Bank Reconciliation. Page 14

19 Agenda Page 19 Governmental Funds Balance Sheet January 31, 2019 ACCOUNT DESCRIPTION GENERAL FUND SERIES 2008 DEBT SERVICE FUND TOTAL ASSETS Cash - Checking Account $ 182,827 $ - $ 182,827 Cash On Hand/Petty Cash Assessments Receivable 2,535 1,279 3,814 Allow-Doubtful Collections (2,535) (1,279) (3,814) Due From Other Funds - 258, ,271 Investments: Certificates of Deposit - 12 Months 329, ,480 Certificates of Deposit - 18 Months 130, ,459 Money Market Account 1,306,905-1,306,905 Redemption Fund - 10,141 10,141 Reserve Fund - 73,520 73,520 Revenue Fund - 38,719 38,719 Prepaid Items 6,267-6,267 Deposits TOTAL ASSETS $ 1,956,438 $ 380,651 $ 2,337,089 LIABILITIES Accounts Payable $ 5,022 $ - $ 5,022 Accrued Expenses 2,795-2,795 Due To Other Funds 265, ,552 TOTAL LIABILITIES 273, ,369 1

20 Agenda Page 20 Governmental Funds Balance Sheet January 31, 2019 ACCOUNT DESCRIPTION FUND BALANCES Nonspendable: GENERAL FUND SERIES 2008 DEBT SERVICE FUND TOTAL Prepaid Items 6,267-6,267 Deposits Restricted for: Debt Service - 380, ,651 Assigned to: Operating Reserves 166, ,506 Reserves - Culverts 33,114-33,114 Reserves - Fence/Monuments 140, ,043 Reserves - Gate 14,106-14,106 Reserves - Irrigation System 197, ,859 Reserves - Ponds 91,510-91,510 Reserves - Roadways 469, ,356 Reserves - Streetlights 16,230-16,230 Unassigned: 547, ,878 TOTAL FUND BALANCES $ 1,683,069 $ 380,651 $ 2,063,720 TOTAL LIABILITIES & FUND BALANCES $ 1,956,438 $ 380,651 $ 2,337,089 2

21 Agenda Page 21 General Fund REVENUES ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD Interest - Investments $ 7,000 $ 2,333 $ 2,983 $ % Special Assmnts- Tax Collector 724, , ,542 18, % Special Assmnts- Discounts (28,991) (25,662) (25,246) % Other Miscellaneous Revenues % TOTAL REVENUES 702, , ,879 19, % EXPENDITURES Administration Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31, 2019 P/R-Board of Supervisors 20,000 7,000 5,200 1, % FICA Taxes 1, % ProfServ-Engineering 6,000 2, , % ProfServ-Field Management 6,500 2,167 2, % ProfServ-Legal Services 5,000 1,667 3,548 (1,881) 70.96% ProfServ-Mgmt Consulting Serv 46,400 17,600 15,467 2, % ProfServ-Property Appraiser 10,871 9,604 9, % ProfServ-Tax Collector 10,871 9,604 9, % Auditing Services 6,000 1,500-1, % Postage and Freight (72) 47.80% Insurance - General Liability 8,261 8,261 9,044 (783) % Printing and Binding % Legal Advertising 2, % Miscellaneous Services 1, ,340 (2,840) % Office Supplies % Subscriptions and Memberships (250) % Conference and Seminars 2,600 1,500-1, % Annual District Filing Fee % Total Administration 129,758 63,047 59,775 3, % 3

22 Agenda Page 22 General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31, 2019 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD Other Public Safety Contracts-Security Services 75,204 25,068 25, % Contracts-Roving Patrol 5,000 1,667-1, % Electricity - Entrance 7,200 2,400 1, % Utility - Water & Sewer % Insurance - Property % R&M-Gatehouse 6,000 2,000 7,456 (5,456) % Reserve - Gate 7,326 7,326 1,825 5, % Total Other Public Safety 101,778 39,177 36,515 2, % Landscape Services Contracts-Landscape 77,842 25,947 25, % R&M-General 3, % R&M-Renewal and Replacement 12,000 2,320-2, % R&M-Streetlights 2, % R&M-Wetland 1, % Reserve - Culverts 3, % Reserve - Ponds 10, % Total Landscape Services 110,494 28,267 25,947 2, % Irrigation Services Payroll-Irrigation Staff 6,240 2,080 1,049 1, % Payroll - Bonus % FICA Taxes % Workers' Compensation % Contracts-Irrigation 74,970 24,990 24, % Utility - Irrigation 24,000 8,000 9,569 (1,569) 39.87% 4

23 Agenda Page 23 General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31, 2019 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD Insurance - Property 2,020 2,020-2, % R&M-Irrigation 40,000 13,333 13, % R&M-Pump Station 25,000 8,333 17,092 (8,759) 68.37% Reserves - Irrigation System 23, % Total Irrigation Services 197,904 59,711 65,815 (6,104) 33.26% Road and Street Facilities R&M-Roads & Alleyways 2, % R&M-Street Sweeping 1, % Reserve - Roadways 101, % Reserve - Streetlights 1, % Total Road and Street Facilities 106,903 1,166-1, % Common Area R&M-General 33,600 11,200 30,464 (19,264) 90.67% Misc-Holiday Decor 4,000 1,333 5,147 (3,814) % Reserve - Fence/Monuments 18, % Total Common Area 55,911 12,533 35,611 (23,078) 63.69% TOTAL EXPENDITURES 702, , ,663 (19,762) 31.83% 5

24 Agenda Page 24 General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31, 2019 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD Excess (deficiency) of revenues Over (under) expenditures 414, ,216 (96) 0.00% OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance % TOTAL FINANCING SOURCES (USES) % Net change in fund balance $ - $ 414,312 $ 414,216 $ (96) 0.00% FUND BALANCE, BEGINNING (OCT 1, 2018) 1,268,853 1,268,853 1,268,853 FUND BALANCE, ENDING $ 1,268,853 $ 1,683,165 $ 1,683,069 6

25 Agenda Page 25 Series 2008 Debt Service Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31, 2019 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD REVENUES Interest - Investments $ 100 $ 33 $ 157 $ % Special Assmnts- Tax Collector 312, , ,331 94, % Special Assmnts- Discounts (12,499) (9,804) (10,885) (1,081) 87.09% TOTAL REVENUES 300, , ,603 93, % EXPENDITURES Administration ProfServ-Arbitrage Rebate % ProfServ-Dissemination Agent 1, % ProfServ-Property Appraiser 4,687 2,000 4,102 (2,102) 87.52% ProfServ-Tax Collector 4,687 2,000 4,102 (2,102) 87.52% ProfServ-Trustee Fees 7, % Total Administration 18,559 4,000 8,204 (4,204) 44.20% Debt Service Principal Debt Retirement 135,000 67,500-67, % Interest Expense 155,558 77,779 78,120 (341) 50.22% Total Debt Service 290, ,279 78,120 67, % TOTAL EXPENDITURES 309, ,279 86,324 62, % 7

26 Agenda Page 26 Series 2008 Debt Service Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending January 31, 2019 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD Excess (deficiency) of revenues Over (under) expenditures (9,035) 30, , , % OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance (9,035) % TOTAL FINANCING SOURCES (USES) (9,035) % Net change in fund balance $ (9,035) $ 30,586 $ 187,279 $ 156, % FUND BALANCE, BEGINNING (OCT 1, 2018) 193, , ,372 FUND BALANCE, ENDING $ 184,337 $ 223,958 $ 380,651 8

27 Agenda Page 27 Trend Report - General Fund Statement of Revenues, Expenditures and Changes in Fund Balances Trend Report - General Fund For the Period Ending January 31, 2019 Acct Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Actual Thru Projected FY2019 Adopted % of No. Account Description Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget 1/31/2019 Next 8 Mths Total Budget Budget TOTAL Revenues Interest - Investments $ 703 $ 853 $ 683 $ 743 $ 583 $ 583 $ 583 $ 583 $ 583 $ 583 $ 583 $ 583 $ 2,983 $ 4,667 $ 7,650 $ 7, % Special Assmnts- Tax Collector - 110, ,850 38,620 21,333 7,110 31,999 15,644 7, ,542 83, , , % Special Assmnts- Discounts - (4,167) (19,958) (1,121) (855) (284) (1,280) (625) (285) (25,246) (3,329) (28,575) (28,991) 99% Other Miscellaneous Revenues % Total Revenues , ,575 38,242 21,061 7,409 31,302 15,602 7, ,879 84, , , % Expenditures Administrative P/R-Board of Supervisors 1,000 2, ,400 2,000 1,000 2,000 2,000 2,000 1,000 1,000 2,000 5,200 13,000 18,200 20,000 91% FICA Taxes ,393 1,530 91% ProfServ-Engineering (401) ,000 4,287 6,000 71% ProfServ-Field Management ,167 4,333 6,500 6, % ProfServ-Legal Services ,097 1, ,548 3,333 6,881 5, % ProfServ-Mgmt Consulting Serv 3,867 3,867 3,867 3,867 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 15,467 28,800 44,267 46,400 95% ProfServ-Property Appraiser - 1,589 7, ,515 1,267 10,782 10,871 99% ProfServ-Tax Collector - 1,589 7, ,515 1,267 10,782 10,871 99% Auditing Services , ,500 4,500 6,000 75% Postage and Freight % Insurance - General Liability 9, ,044-9,044 8, % Printing and Binding % Legal Advertising , ,000 2,000 2, % Miscellaneous Services , ,340 1,000 4,340 1, % Office Supplies % Subscriptions and Memberships , % Conference and Seminars , ,100 1,100 2,600 42% Annual District Filing Fee % Total Administrative 14,832 11,476 24,881 8,588 15,935 6,623 8,405 7,913 7,657 6,369 6,369 7,445 59,775 66, , ,758 97% Report Date: 2/15/2019 9

28 Agenda Page 28 Trend Report - General Fund Statement of Revenues, Expenditures and Changes in Fund Balances Trend Report - General Fund For the Period Ending January 31, 2019 Acct Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Actual Thru Projected FY2019 Adopted % of No. Account Description Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget 1/31/2019 Next 8 Mths Total Budget Budget TOTAL Other Public Safety Contracts-Security Services 6,267 6,267-12,534 6,267 6,267 6,267 6,267 6,267 6,267 6,267 6,267 25,068 50,136 75,204 75, % Contracts-Roving Patrol 417 (417) ,333 3,333 5,000 67% Electricity - Entrance ,566 4,800 6,366 7,200 88% Utility - Water & Sewer 42 (3) % Insurance - Property % R&M-Gatehouse 1, , ,456 4,000 11,456 6, % Reserve - Gate , ,825-1,825 7,326 25% Total Other Public Safety 8,721 7,335 2,392 18,070 7,826 7,826 7,826 7,826 7,826 7,826 7,826 7,826 36,515 62,601 99, ,778 97% Landscape Services Contracts-Landscape 6,487 6,487 6,487 6,487 6,487 6,487 6,487 6,487 6,487 6,487 6,487 6,487 25,947 51,895 77,842 77, % R&M-General ,000-3,000 3,000 3, % R&M-Renewal and Replacement , ,102-9,680 9,680 12,000 81% R&M-Streetlights ,594-2,000 2,000 2, % R&M-Wetland ,000-1,000 1,000 1, % Reserve - Culverts ,664-3,664 3,664 3, % Reserve - Ponds ,988-10,988 10,988 10, % Total Landscape Services 6,487 6,487 6,487 6,487 6,487 6,487 14,471 6,487 6,487 6,487 6,487 28,835 25,947 82, , ,494 98% Irrigation Services Payroll-Irrigation Staff ,049 4,160 5,209 6,240 83% Payroll - Bonus % FICA Taxes % Workers' Compensation % Contracts-Irrigation 6,248 6,248 6,248 6,248 6,248 6,248 6,248 6,248 6,248 6,248 6,248 6,248 24,990 49,980 74,970 74, % Utility - Irrigation 2,434 2,433 2,512 2,190 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 9,569 16,000 25,569 24, % Insurance - Property ,020 0% R&M-Irrigation 7,164 2, ,940 3,333 3,333 3,333 3,333 3,333 3,333 3,333 3,333 13,035 26,667 39,702 40,000 99% R&M-Pump Station 2,971 2,346 6,486 5,290 2,083 2,083 2,083 2,083 2,083 2,083 2,083 2,083 17,092 16,667 33,759 25, % Reserves - Irrigation System ,808-23,808 23,808 23, % Total Irrigation Services 19,112 13,416 16,412 16,878 14,298 14,298 14,298 14,298 14,298 14,298 14,298 38,106 65, , , , % Report Date: 2/15/

29 Agenda Page 29 Trend Report - General Fund Statement of Revenues, Expenditures and Changes in Fund Balances Trend Report - General Fund For the Period Ending January 31, 2019 Acct Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Actual Thru Projected FY2019 Adopted % of No. Account Description Actual Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget 1/31/2019 Next 8 Mths Total Budget Budget TOTAL Road and Street Facilities R&M-Roads & Alleyways ,667 1,667 2,500 67% R&M-Street Sweeping ,000 67% Reserve - Roadways , , , , % Reserve - Streetlights ,832-1,832 1,832 1, % Total Road and Street Facilities , , , ,903 99% Common Area R&M-General 19,336 3, ,154 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 30,464 22,400 52,864 33, % Misc-Holiday Decor 1,494-3, ,147 2,667 7,814 4, % Reserve - Fence/Monuments ,311-18,311 18,311 18, % Total Common Area 20,830 3,506 4,121 7,154 3,133 3,133 3,133 3,133 3,133 3,133 3,133 21,444 35,611 43,378 78,989 55, % Total Expenditures 69,982 42,220 54,293 57,177 47,970 38,658 48,424 39,948 39,692 38,404 38, , , , , , % Excess (deficiency) of revenues Over (under) expenditures (69,279) 65, ,282 (18,935) (26,909) (31,249) (17,122) (24,346) (32,284) (37,821) (37,821) (206,767) 414,216 (414,314) (98) 9800% Other Financing Sources (Uses) Contribution to (Use of) Fund Balance (26,909) (31,249) (17,122) (24,346) (32,284) (37,821) (37,821) (206,767) - (414,314) (414,314) 0% Total Financing Sources (Uses) (26,909) (31,249) (17,122) (24,346) (32,284) (37,821) (37,821) (206,767) - (414,314) (414,314) - 0% Net change in fund balance $ (69,279) $ 65,138 $ 437,282 $ (18,935) $ (26,909) $ (31,249) $ (17,122) $ (24,346) $ (32,284) $ (37,821) $ (37,821) $ (206,767) $ 414,216 $ (414,314) $ (98) $ - 0% Fund Balance, Beginning (Oct 1, 2018) 1,268,853-1,268,853 1,268,853 Fund Balance, Ending $ 1,683,069 $ (414,314) $ 1,268,755 $ 1,268,853 Report Date: 2/15/

30 Agenda Page 30 Supporting Schedules January 31, 2019

31 Agenda Page 31 Non-Ad Valorem Special Assessments - Manatee County Tax Collector (Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2019 ALLOCATION BY FUND Discount / Property Gross Date Net Amount (Penalties) Appraiser Collection Amount General Debt Service Received Received Amount Costs Costs Received Fund Fund Assessments Levied $1,037, $724, $312, Allocation % % 69.87% 30.13% 11/20/18 $ 15,054 $ 627 $ 233 $ 233 $ 16,147 $ 11,325 $ 4,822 11/29/18 128,089 5,337 1,981 1, ,388 98,747 38,642 12/01/18 582,732 24,281 9,011 9, , , ,462 12/09/18 102,783 4,283 1,589 1, ,245 76,277 33,967 01/02/19 51,850 1, ,057 38,620 16,437 TOTAL $ 880,509 $ 36,131 $ 13,616 $ 13,616 $ 943,872 $ 659,542 $ 284,331 % COLLECTED 91.00% 91.00% 90.99% TOTAL OUTSTANDING $ 93, $ 65, $ 28, Report Date: 2/20/

32 Agenda Page 32 Cash and Investment Report January 31, 2019 ACCOUNT NAME BANK NAME MATURITY YIELD BALANCE GENERAL FUND Operating Checking Account Northern Trust 0.010% $ 182,827 Petty Cash $300 Certificate of Deposit - 18 Months Bank United 09/12/ % $130,708 (1) Certificate of Deposit - 12 Months Bank United 03/12/ % $130,459 (2) Certificate of Deposit - 12 Months Bank United 04/19/ % $198,772 (3) Subtotal $459,939 Money Market Account Bank United 1.75% $1,048,224 (4) Money Market Account Stonegate Bank 0.80% $258,680 (5) Subtotal $1,306,905 Total General Fund $1,949,971 DEBT SERVICE FUND Series 2008 Redemption Fund US Bank N/A 0.05% $10,141 (6) Series 2008 Debt Service Reserve US Bank N/A 0.05% $73,520 (6) Series 2008 Revenue Fund US Bank N/A 0.05% $38,719 (6) Total Debt Service $122,379 Grand Total $2,072,350 (1) - Reinvested in Certificate of Deposit with Bank United at 1.80% for 18 months starting 3/12/2018 and Maturing 9/12/2019. (2) - Reinvested in Certificate of Deposit with Bank United at 1.55% for 12 months starting 3/12/2018 and Maturing 3/12/2019. (3) - Invested in Certificate of Deposit with Bank United at 1.05% for 12 months starting 4/19/2017 and Maturing 4/19/2019. (4) - Invested Funds into a Money Market Account with BankUnited. (5) - Invested Funds into a Money Market Account with Stonegate Bank. (6) - Invested in US Bank Open Ended Interest Bearing Corporate Commercial Paper. Report Date: 2/15/

33 University Place CDD Bank Reconciliation Agenda Page 33 Bank Account No Statement No Statement Date 1/31/2019 Northern Trust N.A. - GF G/L Balance (LCY) 182, G/L Balance 182, Positive Adjustments 0.00 Subtotal 182, Negative Adjustments 0.00 Statement Balance 191, Outstanding Deposits 0.00 Subtotal 191, Outstanding Checks 8, Differences 0.00 Ending G/L Balance 182, Ending Balance 182, Difference 0.00 Posting Date Document Type Document No. Description Amount Cleared Amount Difference Outstanding Checks 11/21/2018 Payment TOTAL LANDSCAPE CARE IRRIGATION /25/2019 Payment FRANK J. INGRASSIA /31/2019 Payment ACTION SECURITY INC 1, , /31/2019 Payment INFRAMARK, LLC 4, , /31/2019 Payment SARASOTA HOME CARE 2, , Total Outstanding Checks... 8, ,

34 Fifth Order of Business Agenda Page 34

35 5B. Agenda Page 35

36 Agenda Page 36 Annual Operating and Debt Service Budget Fiscal Year 2020 Version- 1 Proposed Budget (Printed on 02/18/2019 at 12:30) Prepared by:

37 Agenda Page 37 Supporting Budget Schedule Fiscal Year 2020

38 Agenda Page 38 Table of Contents Page # OPERATING BUDGET General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Exhibit A - Allocation of Fund Balances. 3 Budget Narrative 4-8 DEBT SERVICE BUDGET Series 2008 Summary of Revenues, Expenditures and Changes in Fund Balances.. 9 Amortization Schedule.. 10 SUPPORTING BUDGET SCHEDULE Comparison of Assessment Rates

39 Agenda Page 39 General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2020 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL BUDGET THRU FEB - PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2018 FY 2019 JAN 2019 SEPT 2019 FY 2019 FY 2020 Interest - Investments $ 11,167 $ 7,000 $ 2,983 5,966 $ 8,949 $ 8,500 Special Assmnts- Tax Collector 735, , ,542 65, , ,988 Special Assmnts- Discounts (26,264) (28,991) (25,246) (652) (25,898) (29,280) Other Miscellaneous Revenues 4, TOTAL REVENUES 725, , ,879 70, , ,208 EXPENDITURES Administrative P/R-Board of Supervisors 20,200 20,000 5,200 14,800 20,000 20,000 FICA Taxes 1,545 1, ,132 1,530 1,530 ProfServ-Engineering 4,969 6, ,000 5,287 6,000 ProfServ-Field Management 6,500 6,500 2,167 4,332 6,499 6,500 ProfServ-Legal Services 6,365 5,000 3,548 7,096 10,644 5,000 ProfServ-Mgmt Consulting Serv 46,400 46,400 15,467 30,933 46,400 47,792 ProfServ-Property Appraiser 10,642 10,871 9, ,493 10,980 ProfServ-Tax Collector 6,146 10,871 9, ,493 10,980 Auditing Services 6,000 6,000-6,000 6,000 6,000 Postage and Freight Insurance - General Liability 7,510 8,261 9,044-9,044 9,948 Printing and Binding Legal Advertising 2,127 2,000-2,000 2,000 2,000 Miscellaneous Services 339 1,500 3,340 1,000 4,340 1,500 Reserve Study Update 3, Office Supplies Subscriptions and Memberships Conferences and Seminars - 2, ,600 2,600 Annual District Filing Fee Total Administrative 124, ,758 59,775 75, , ,055 Other Public Safety Contracts-Security Services 74,444 75,204 25,068 50,136 75,204 75,204 Contracts-Roving Patrols 2,700 5,000-1,583 1,583 5,000 Electricity - Entrance 4,557 7,200 1,566 4,800 6,366 7,200 Utility - Water & Sewer Insurance - Property R&M-Gatehouse 14,910 6,000 7,456 4,000 11,456 13,183 Reserve - Gate 50,504 7,326 1,825-1,825 7,326 Total Other Public Safety 148, ,778 36,515 60,851 97, ,961 Landscape Contracts-Landscape 77,842 77,842 25,947 51,895 77,842 77,842 R&M-General - 3,000-3,000 3,000 3,000 R&M-Renewal and Replacement 14,851 12,000-12,000 12,000 12,000 Annual Operating and Debt Service Budget Fiscal Year

40 Agenda Page 40 General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2020 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL BUDGET THRU FEB - PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2018 FY 2019 JAN 2019 SEPT 2019 FY 2019 FY 2020 R&M-Streetlights 406 2,000-2,000 2,000 2,000 R&M-Wetland - 1,000-1,000 1,000 1,000 Reserve - Culverts - 3, ,664 Reserve - Ponds - 10, ,988 Total Landscape 93, ,494 25,947 69,895 95, ,494 Irrigation Services Payroll-Irrigation Staff 5,066 6,240 1,049 1,040 2,089 6,240 Payroll - Bonus FICA Taxes Workers' Compensation Contracts-Irrigation 74,970 74,970 24,990 13,345 38,335 74,970 Utility - Irrigation 24,006 24,000 9,569 5,000 14,569 24,000 Insurance - Property 1,836 2, R&M-Irrigation 54,559 40,000 13,035 26,070 39,105 40,000 R&M-Pump Station 25,829 25,000 17,092 7,908 25,000 25,000 Reserve - Irrigation System - 23, ,808 Total Irrigation Services 187, ,904 65,815 53, , ,884 Road and Street Facilities R&M-Roads & Alleyways 625 2,500-2,500 2,500 2,500 R&M-Street Sweeping - 1,000-1,000 1,000 1,000 Reserve - Roadways 179, , ,571 Reserve - Streetlights - 1, ,832 Total Road and Street Facilities 179, ,903-3,500 3, ,903 Common Area R&M-General 45,849 33,600 30,464 13,136 43,600 33,600 Misc-Holiday Decor 4,238 4,000 5,147-5,147 4,000 Reserve - Fence/Monuments 12,474 18, ,311 Total Common Area 62,561 55,911 35,611 13,136 48,747 55,911 TOTAL EXPENDITURES 796, , , , , ,208 Excess (deficiency) of revenues Over (under) expenditures (71,087) (1) 414,216 (205,432) 206,183 - OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance - (1) TOTAL OTHER SOURCES (USES) - (1) Net change in fund balance (71,087) (1) 414,216 (205,432) 206,183 - FUND BALANCE, BEGINNING 1,339,940 1,268,853 1,268,853-1,268,853 1,475,036 FUND BALANCE, ENDING $ 1,268,853 $ 1,268,852 $ 1,683,069 $ (205,432) $ 1,475,036 $ 1,475,036 Annual Operating and Debt Service Budget Fiscal Year

41 Agenda Page 41 General Fund Exhibit "A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance - Fiscal Year 2020 $ 1,475,036 Net Change in Fund Balance - Fiscal Year Reserves - Fiscal Year 2020 Additions 167,500 Total Funds Available (Estimated) - 9/30/2020 1,642,536 ALLOCATION OF AVAILABLE FUNDS Nonspendable Fund Balance Prepaid Items 6,267 Deposits 200 Assigned Fund Balance Subtotal 6,467 Operating Reserve - First Quarter Operating Capital 77,564 (1) Reserves - Culverts (Prior Years) 33,570 (2) Reserves - Culverts (Current Year 2019) 3,664 (3) Reserves - Culverts (Budget Year 2020) 3,664 (4) 40,898 Reserves - Fence/Monument (Prior Years) 154,797 (2) Reserves - Fence/Monument (Current Year 2019) 18,311 (3) Reserves - Fence/Monument (Budget Year 2020) 18,311 (4) 191,419 Reserves - Gate (Prior Years) 65,522 (2) Reserves - Gate (Current Year 2019) 7,326 (3) Reserves - Gate (Current Year Expenses 2019) (1,825) (5) Reserves - Gate (Budget Year 2020) 7,326 (4) 78,349 Reserves - Irrigation System (Prior Years) 200,824 (2) Reserves - Irrigation System (Current Year 2019) 23,808 (3) Reserves - Irrigation System (Budget Year 2020) 23,808 (4) 248,440 Reserves - Ponds (Prior Years) 92,878 (2) Reserves - Ponds (Current Year 219) 10,988 (3) Reserves - Ponds (Budget Year 2020) 10,988 (4) 114,854 Reserves - Roadways (Prior Years) 661,281 (2) Reserves - Roadways (Current Year 2019) 101,571 (3) Reserves - Roadways (Budget Year 2020) 101,571 (4) 864,423 Reserves - Streetlights (Prior Years) 16,458 (2) Reserves - Streetlights (Current Year 2019) 1,832 (3) Reserves - Streetlights (Budget Year 2020) 1,832 (4) 20,122 Subtotal 1,636,069 Total Allocation of Available Funds 1,642,536 Total Unassigned (undesignated) Cash $ 0 Notes (1) Represents approximately 2 months of operating expenditures (2) Represents budgeted reserves (FY2010 through FY2018) for Culverts, Fence/Monuments, Gate, Irrigation System, Ponds, Roadways and Streetlights (3) Represents budgeted reserves for FY2019 Culverts, Fence/Monuments, Gate, Irrigation System, Ponds, Roadways and Streetlights that will be reserved at end of year (4) Represents proposed budgeted reserves for FY2020 that is being reserved for Culverts, Fence/ Monuments, Gate, Irrigation System, Ponds, Roadways and Streetlights Annual Operating and Debt Service Budget Fiscal Year

42 Agenda Page 42 General Fund Budget Narrative Fiscal Year 2020 REVENUES Interest-Investments The District earns interest on the monthly average collected balance for their operating account. Special Assessments-Tax Collector The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments-Discounts Per Section , Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R-Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based upon all supervisors attending all of the meetings. FICA Taxes Payroll taxes are calculated at 7.65% of board payroll. Professional Services-Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments. Professional Services-Field Management This service includes coordinating with vendors regarding service contracts, purchase orders, invoice approval and insurance damage claims to facilitate field operations. Professional Services-Legal Services The District s Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research as directed or requested by the Board of Supervisors and the District Manager. Professional Services-Management Consulting Services The District receives Management, Field Services, Accounting, Assessment and Administrative services as part of a Management Agreement with Inframark Infrastructure Management Services, Inc. Also included are costs for Information Technology charges to process all of the District s financial activities, i.e. accounts payable, financial statements, budgets, etc., on a main frame computer owned by Inframark in accordance with the management contract and the charge for rentals. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement. Annual Operating and Debt Service Budget Fiscal Year

43 Agenda Page 43 General Fund Budget Narrative Fiscal Year 2020 EXPENDITURES Administrative (continued) Professional Services-Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. The budget for property appraiser costs is based upon 1.5% of the anticipated assessment collections. Professional Services-Tax Collector The District reimburses the Manatee County Tax Collector for the necessary administrative costs and the actual cost of collection or 1.5% on the amount of special assessments collected and remitted, whichever is greater. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from an existing engagement letter. Postage and Freight Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence. Insurance-General Liability The District's General Liability & Public Officials Liability Insurance policy is with Public Risk Insurance Agency, Inc. They specialize in providing insurance coverage to governmental agencies. The budgeted amount allows for a projected increase in the premium. Printing and Binding Copies used in the preparation of agenda packages, required mailings, and other special projects. Legal Advertising The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation. Miscellaneous Services This includes monthly bank charges, website hosting and any other miscellaneous expenses that may be incurred during the year. Office Supplies Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. Subscriptions and Memberships This is for the annual fee for FASD is $750. Conferences and Seminars This is for the annual FASD conference fee of $2,600. Annual District Filing Fee The District is required to pay an annual fee of $175 to the Department of Community Affairs. Annual Operating and Debt Service Budget Fiscal Year

44 Agenda Page 44 General Fund Budget Narrative Fiscal Year 2020 EXPENDITURES Other Public Safety Contracts-Security Services This is for the monthly gate monitoring. Contracts-Roving Patrols This is for the patrols by the Sheriff s office. Electricity-Entrance This is for the monthly electricity expenditures for the entrances. Utility-Water & Sewer This is for the monthly water & sewer charges for the gatehouse. Insurance-Property This is for the property insurance for the gatehouse. R&M-Gatehouse This is for the miscellaneous repairs and maintenance of the gatehouse. Reserve-Gate This is for the reserve required for the gates and entry systems of the District. Landscape Contracts-Landscape The District currently has a contract with Total Landscape Care to maintain the landscaping around the District. R&M-General This is for the miscellaneous general repairs and maintenance required for landscaping. R&M-Renewal & Replacement This is for the renewal and replacement of the plants which includes tree trimming around the District. R&M-Streetlights This is for the repairs and maintenance of the streetlights around the District. R&M-Wetland This is for the maintenance of the lakes and wetlands around the District. Reserve-Culverts This is for the reserve for the culverts and curb inlets around the District. Reserve-Ponds This is for the reserve for the ponds around the District. Annual Operating and Debt Service Budget Fiscal Year

45 Agenda Page 45 General Fund Budget Narrative Fiscal Year 2020 EXPENDITURES Irrigation Services Payroll-Irrigation Staff This is for the payroll of the Irrigation staff that monitors the irrigation system. Payroll-Bonus This is for the bonus for the Irrigation staff. FICA Taxes Payroll taxes are calculated at 7.65% of irrigation staff payroll. Workers Compensation This is the workers compensation for the Irrigation Staff. Contracts-Irrigation The District currently has a contract Total Landscape Care Irrigation to maintain the Irrigation system around the District. Utility-Irrigation This is for the monthly electricity and phone charges for the irrigation system. Insurance Property This is for the property insurance for the pumps. R&M-Irrigation This is for the repairs and maintenance of the irrigation system. R&M-Pump Station This is for the repairs and maintenance of the pump stations for the irrigation system. Reserves-Irrigation System This is for the reserve for the irrigation system. Road and Street Facilities R&M-Roads and Alleyways This is for the repairs and maintenance of the roads and streets around the District. R&M-Street Sweeping This is for the street sweeping that is performed around the District. Reserve-Roadway This is for the reserve required to repair and replace the roads around the District. Reserve-Streetlights This is for the reserve for the streetlights around the District. Annual Operating and Debt Service Budget Fiscal Year

46 Agenda Page 46 General Fund Budget Narrative Fiscal Year 2020 EXPENDITURES Common Area R&M-General This is for pressure washing the sidewalks, curbs and monuments plus any miscellaneous repairs and maintenance required in the common areas around the District. Misc-Holiday Decor This is for the decorations that will be displayed around the District during the Holidays. Reserve-Fence/ Monuments This is for the reserve for the fence and monuments around the District. Annual Operating and Debt Service Budget Fiscal Year

47 Agenda Page 47 Debt Service Budget Fiscal Year 2020

48 Agenda Page Debt Service Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2020 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL BUDGET THRU FEB - PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2018 FY 2019 JAN 2019 SEPT 2019 FY 2019 FY 2020 REVENUES Interest - Investments $ 503 $ 100 $ 157 $ 96 $ 253 $ 100 Special Assmnts- Tax Collector 312, , ,331 28, , ,481 Special Assmnts- Discounts (11,126) (12,499) (10,885) (845) (11,730) (12,499) TOTAL REVENUES 301, , ,603 27, , ,082 EXPENDITURES Administrative ProfServ-Arbitrage Rebate ProfServ-Dissemination Agent 2,000 1,000-1,000 1,000 1,000 ProfServ-Property Appraiser 4,520 4,687 4, ,524 4,687 ProfServ-Tax Collector 2,610 4,687 4, ,524 4,687 ProfServ-Trustee 4,337 7,585-7,585 7,585 8,723 Total Administrative 14,067 18,559 8,204 10,029 18,233 19,697 Debt Service Principal Debt Retirement 130, , , , ,000 Interest Expense 161, ,558 78,120 77, , ,225 Total Debt Service 291, ,558 78, , , ,225 TOTAL EXPENDITURES 305, ,117 86, , , ,922 Excess (deficiency) of revenues Over (under) expenditures (4,068) (9,035) 187,279 (195,066) (7,787) (13,840) OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance - (9,035) (13,840) TOTAL OTHER SOURCES (USES) - (9,035) (13,840) Net change in fund balance (4,068) (9,035) 187,279 (195,066) (7,787) (13,840) FUND BALANCE, BEGINNING 197, , , , ,586 FUND BALANCE, ENDING $ 193,372 $ 184,337 $ 380,651 $ (195,066) $ 185,586 $ 171,745 Annual Operating and Debt Service Budget Fiscal Year

49 Agenda Page Debt Service Fund Debt Amortization Schedule Series 2008 Special Assessment Bonds Date Principal Coupon Interest Debt Service Annual DS 11/1/ ,822 74, ,260 5/1/ , % 74, ,403 11/1/ ,279 71, ,682 5/1/ , % 70, ,709 11/1/ ,614 67, ,324 5/1/ , % 67, ,104 11/1/ ,705 63, ,810 5/1/ , % 63, ,259 11/1/ ,674 59, ,933 5/1/ , % 59, ,421 11/1/ ,399 55, ,819 5/1/ , % 55, ,088 11/1/ ,001 51, ,089 5/1/ , % 50, ,762 11/1/ ,359 46, ,121 5/1/ , % 46, ,196 11/1/ ,473 41, ,669 5/1/ , % 41, ,417 11/1/ ,343 36, ,760 5/1/ , % 36, ,343 11/1/ ,293 30, ,635 5/1/ , % 30, ,293 11/1/ ,968 23, ,260 5/1/ , % 23, ,968 11/1/ ,230 17, ,198 5/1/ , % 17, ,230 11/1/ ,080 10, ,310 5/1/ , % 10,080 60,080 11/1/2033 8,680 8,680 68,760 5/1/ , % 8,680 63,680 11/1/2034 7,140 7,140 70,820 5/1/ , % 7,140 67,140 11/1/2035 5,460 5,460 72,600 5/1/ , % 5,460 65,460 11/1/2036 3,780 3,780 69,240 5/1/ , % 3,780 68,780 11/1/2037 1,960 1,960 70,740 5/1/ , % 1,960 71,960 11/1/ ,960 Annual Operating and Debt Service Budget Fiscal Year