CHEVAL WEST COMMUNITY DEVELOPMENT DISTRICT JUNE 21, 2018 AGENDA PACKAGE

Transcription

1 CHEVAL WEST COMMUNITY DEVELOPMENT DISTRICT JUNE 21, 2018 AGENDA PACKAGE

2 Cheval West Community Development District Inframark, Infrastructure Management Services 210 North University Drive Suite 702 Coral Springs, Florida Telephone: (954) Fax: (954) June 14, 2018 Board of Supervisors Cheval West Community Development District Dear Board Members: The regular meeting of the Board of Supervisors of the Cheval West Community Development District will be held Thursday June 21, 2018 at 9:00 a.m. at the Cheval Golf and Country Club Sunset Room, 4310 Cheval Blvd, Lutz, Florida Following is the advance agenda for this meeting: Page 1 1. Roll Call 2. Audience Comments on Agenda Items (3) minute time limit There are two opportunities for audience comments on any CDD matter during the course of the meeting as noted in the agenda. Additionally, audience comments are permitted on any matter being discussed by the Board, at the Boards request. In order to maintain order and in the interest of time and fairness to other speakers, each speaker must be recognized by the Chairman and or the Secretary and comments are limited to three minutes per person. This time may be extended at the discretion of the Chairman and or the Secretary. Only one person may speak at a time. Although Supervisors may not necessarily respond to the comments, they will be taken into consideration by the Supervisors. 3. Consent Agenda A. Approval of the Minutes of May 17, 2018 B. Acceptance of the Financial Statements Dated April 30, 2018 C. Acceptance of the Financial Audit Report, FY Engineer s Report 5. Field Staff Reports Landscapers Report Community Services Report Community Association Managers Report 6. Attorney s Report 7. CDD Manager s Report A. Proposed FY2019 Meeting Schedule B. TECO Photometric Study of Savoy 8. Old Business Speed Bumps/Rumble Strips Survey Ms. Stewart to present once date is received TECO Contract discussed by the District Manager in his report.

3 Ramblewood Road Extension on hold until camera is installed by resident. Landscape Contract draft contract to be presented by the attorney 9. New Business and Supervisors Requests 10. Audience Comments 11. Adjournment Any supporting documents not included in the agenda will be distributed at the meeting. If you have any questions prior to the meeting, please contact me. Sincerely, Mark Vega Mark Vega/ab cc: Truett Gardner, Shelly Bramm, Tonja Stewart Page 2

4 Third Order of Business

5 3A.

6 MINUTES OF MEETING CHEVAL WEST COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Cheval West Community Development District was held on May 17, 2018 at 9:00 a.m. at the Cheval Golf and Country Club - Sunset Room, 4310 Cheval Blvd, Lutz, Florida. Present and constituting a quorum were: Tim McClain Scott Hostler David Bowman Tracy Willsie Butch Brown Chairman Vice Chairperson Assistant Secretary Assistant Secretary Assistant Secretary Also present were: Mark Vega Truett Gardner Shelly Bramm Paul Wills District Manager District Counsel Community Association Manager Community Services The following is a summary of the discussions and actions taken at the May 17, 2018 Cheval West Board of Supervisors Meeting. FIRST ORDER OF BUSINESS Roll Call Mr. Vega called the meeting to order at 9:06 a.m. and Mr. McClain called the roll. SECOND ORDER OF BUSINESS None. Audience Comments on Agenda Items THIRD ORDER OF BUSINESS Consent Agenda A. Approval of the Minutes of April 19, 2018 B. Acceptance of Financial Statements dated March 31, 2018 Mr. McClain presented the consent agenda and requested if there were any, corrections or changes. On MOTION by Mr. Brown seconded by Mr. Hostler with all in favor the consent agenda was approved as amended. 5-0 FOURTH ORDER OF BUSINESS None Engineer s Report UNAPPROVED

7 May 17, 2018 Cheval West C.D.D. FIFTH ORDER OF BUSINESS Field Staff Report Landscapers Report Mr. Eastman indicated turf fertilizer was applied. This should be the final round before late July or August, and a blanket insecticide was performed. New sod was installed. The irrigation is doing well. However, there are still a couple of zones which have not been completed. Last month they talked about Van Dyke island, this is now completed. The Duville area is finished. Mr. Eastman presented two proposals. One for irrigation at a total of $973 which included the discount for labor. Mr. McClain had a question on irrigation. He stated the problem is they are constantly redoing the same ones over and over and questioned if they replaced the same one six times and is it under warranty or not. It makes him feel like they have replaced the irrigation system four times since has been on this Board. Mr. McClain thought the study they had would show every main thing, but not every individual head. Ms. Willsie stated they discussed at the last meeting whether it would be beneficial for the District to have in the contract a monthly maintenance based on number of heads. Discussion ensued regarding the irrigation heads. The second proposal presented was for the front island. Ms. Willsie stated if they are going to put in sod she does not understand why they need the Bird of Paradise and suggested to make that a flower bed. Mr. McClain stated what has happened with the landscaping they have gone from very low to very high. The former board member Ms. Lencioni spent countless hours ensuring this was done. It is not his specialty, and he needs someone who has a vision, and can see and spearhead this project and bring it back to the Board. He stated Ms. Lencioni put the time and investment in and you knew it. The Board has to have this as they cannot rely on the vendors providing it to them as they need a person who gets it. Ms. Willsie stated she has been researching but questioned where would they find companies that do this; Mr. McClain stated you google. Mr. McClain said there is some high specialty stuff just like the screens they got. It is hard to find somebody local but UNAPPROVED 2

8 May 17, 2018 Cheval West C.D.D. you just got to do your best and look out there. It was discussed that anyone who does pools does waterfalls. Mr. McClain questioned the cost to throw in the small flowers in that location, but they are three months away from having something in there. On MOTION by Ms. Willsie seconded by Mr. Bowman with all in favor to have sod installed and clean up on the Lutz Lake Fern island in the amount not to exceed $1,000 was approved 5-0 On MOTION by Mr. Brown seconded by Mr. Hostler with all in favor the proposal from Fieldstone for irrigation repairs in the amount not to exceed $974 was approved. 5-0 Discussion ensued regarding landscape. Mr. McClain questioned the amount left in the budget for landscape and was informed it is $17,500. Community Services Report Mr. Wills presented his report to the Board. Mr. Wills stated there were no incidents for this reporting period. He informed the Board the air conditioner was not working at Lutz Lake Fern gatehouse as well there were some drain issues. Mr. Wills provided the May 1 to 16 th patrol report. He discussed the issues with the gate and Mr. McClain shared the issues with the Board and the work that went into getting it up and running. Mr. Bowman questioned if Mr. McClain was not around what would have happened. Mr. McClain indicated he would have invoiced for his services. He informed the Board currently a third of their cameras work, but a lot of wiring is needs for this as well for the irrigation heads. Mr. Wills stated the individual who did the original wiring did a poor job. Mr. McClain claims when they reach out to vendors it is hard to find that one vendor who understands it and does it all without ending up spending $700-$800 or more. They are caught in this loop right now and cannot find a good vendor. Even with the gate they spent $2,500 just to repair the modem. UNAPPROVED 3

9 May 17, 2018 Cheval West C.D.D. The next task is getting the cameras up and running by summer, but they are going to have to spend some money as they will have to have someone come out and dig. Mr. Wills introduced his boss Mr. John Sigona who presented a proposal for discussion with the Board. Discussion ensued regarding the washrooms in the Lutz Lake Fern gate house and the dire need of repair work which needs to be done. Mr. Vega stated currently they have $61,000 in miscellaneous contingency which they have not used. The budget shows they have projected to use at least half of this and of note they also have $61,000 ear-marked for next year. Mr. McClain will take on this project of upgrades and repairs to both gatehouses and bring it back to the Board at the June meeting for them to look at. Mr. Sigona presented his proposal to the Board. The current rates they have in the proposal came into effect January He asked the Board to review Figure 2 in the proposal which shows the average rates in the area and he obtained this information from Indeed.com. The current rates were presented in Figure 3 of the proposal which shows the rates for the guards. Mr. McClain stated they are called community services officers as they do not provide guard services. Mr. Sigona provided a number of different options keeping the districts budget in mind. Mr. McClain questioned what was the premium. Mr. Sigona stated the premium rates are for state holidays. Discussion ensued regarding the current salary rate. They would like to incorporate in their contract based on years of experience or merit. Mr. Brown indicated he would like to see them get a 10% pay raise because it has been a number of years since they got a pay raise. For those who have been here for a while and the need for quality people they feel salary increases will be incentive to reduce turnovers. Mr. McClain discussed the current salary rate of $10 an hour. He was looking at the possibility of increases in increments of fifty cents. Further discussion ensued regarding the salary rate. Mr. McClain requested Mr. Wills provide those individuals who have been working at Cheval West for a long time to present at the June meeting. Mr. Brown reiterated what was discussed, which was employees will receive a pay increase to $11, new hires will start at $10 with a progress chart. UNAPPROVED 4

10 May 17, 2018 Cheval West C.D.D. Mr. McClain stated the range will be $10 to $13 with fifty cent increments. The vehicles will go to $935 in the new contract. Mr. Sigona stated they have started doing yearly backgrounds. Let the record reflect, Mr. Holster left the meeting. Community Association Manager s Report Ms. Bramm provided her report to the Board. She indicated one repair needs to be done on TPC. This is a 6 foot by 12-foot grate that is missing and it is a large area. She received a bid in the amount of $3,650 to repair this. On MOTION by Ms. Willsie seconded by Mr. Bowman with all in favor drainage repair in the amount of $3,600 was approved. 4-0 Sidewalks are moving along. No more money needs to be budgeted until next year. Ms. Bramm received an invoice from the Country Club in the amount of $5,500 for the contribution towards the Fourth of July celebration. This is the same amount paid last year. On MOTION by Ms. Willsie seconded by Mr. Bowman with all in favor to pay the Country Club in the amount of $5,500 for contribution towards the Fourth of July celebration was approved. 4-0 Regarding 6102 and 6104 Cheyenne Court, Ms. Bramm has notified Mr. Gardner to write them a letter, as someone is clearing an area of land which is not theirs and a neighbor reported on it. SIXTH ORDER OF BUSINESS Attorney s Report Mr. Gardner presented his report to the Board. The Borrow Pit, nothing has been refiled on this Ramblewood rezoning, nothing has been refiled on this. TECO streetlights discussion ensued. Mr. Vega provided a status update on this. He said if the Board wants to stay with TECO they will be paying more to go to LED. LED only changes the fixture, there are no savings. Further discussion ensued regarding the current TECO contract and suggested direction to go which includes going out to bid which will take 30 days. UNAPPROVED 5

11 May 17, 2018 Cheval West C.D.D. Discussion ensued regarding the review process. Mr. McClain stated they have a resident who volunteered to help them. Mr. McClain questioned what they wanted to do as the problem is if someone on the Board does not commit to maintaining this and taking it on as a project, it will die quickly. Mr. McClain stated they should terminate OLM and start paying the landscaper 100% until a resolution is made. Mr. Vega stated the OLM contract is still in place but the warranty component is a very strong feature of this contract. Further discussion ensued regarding OLM. On MOTION by Mr. Brown seconded by Mr. Bowman with all in favor to terminate the contract with OLM effective immediately was approved. 4-0 Mr. Gardner explained Village One is the only village in Cheval West which was actually platted prior to having formed the CDD. As a result, on the plat, it contains language which said the drainage easement is dedicated to the CWCA and everything else after that automatically went to the CDD. Mr. Gardner has prepared a quit claim deed conveying the drainage easements as shown in the plat from the CWCA to the CDD. From this group they will have to have the same discussion at the CWCA meeting to authorize the conveyance, but the Board has to make a motion to accept the conveyance of the drainage easements on Village One. On MOTION by Ms. Willsie seconded by Mr. Bowman with all in favor to accept the drainage agreement easement in Village One was approved. 4-0 Mr. Vega provided two options. o Install a bubbler box, the bubbler box is putting a concrete box with a steel grate on top of it; instead of having a hole in the backyard they will have a grate that the water will flow into the pond like it is supposed to at a cost of $3,500. o Option two is to continue the pipe extending a 24-inch pipe, 60 feet will cost $7,500 and this pipe ends up in the pond. On MOTION by Mr. Bowman seconded by Ms. Willsie with all in favor in the amount not to exceed $7,500 for 60 feet of 24-inch pipe was approved. 4-0 UNAPPROVED 6

12 May 17, 2018 Cheval West C.D.D. SEVENTH ORDER OF BUSINESS CDD Manager s Report A. Distribution of the Proposed Budget for the Fiscal Year 2019 and Consideration of Resolution Approving the Budget and Setting the Public Hearing Mr. Vega discussed with the Board a 5% increase unless the Board wants to do anything higher or lower this would be the high watermark. Once they set the high watermark they cannot go any higher. Two vendors get a 3% increase each year and community services is the largest budget item with landscaping. Mr. Vega informed the Board they will be operating closest to a balanced budget because this will only use $70,287 from unassigned. Mr. Brown questioned if they decided to go with someone other than TECO to put in all new lights, where will the capital cost come from for this. Mr. Vega informed him the capital cost could be taken out of unassigned cash. They can also get a bond or get a fiveyear loan. The loan will be a little less expensive than a bond. Mr. Vega provided information to the Board as it relates to getting a loan. On MOTION by Mr. Brown seconded by Ms. Willsie with all in favor Consideration of Resolution Approving the Fiscal Year 2019 Budget and Setting the Public Hearing for July 19, 2018 was adopted. 4-0 B. Off Duty Highway Patrol Services Agreement Mr. Vega indicated he contacted Sergeant Hobbs and informed him that they have not seen anyone in two months. Mr. Vega informed the Board they had a freshened up FHP agreement but since they have not heard back from them it is currently on hold. C. Report on Registered Voters Mr. Vega informed the Board that Hillsborough County is required to report to them on election years how many registered voters are in the community. They have 775 homes and they have 1,597 registered voters. EIGHTH ORDER OF BUSINESS Old Business o Speed Bumps and Rumble Strips Survey Ms. Stewart was not present to discuss this at today s meeting, plus the vendor is still working on the report. UNAPPROVED 7

13 May 17, 2018 Cheval West C.D.D. Mr. Vega stated at the last meeting they discussed having the location of the rumble strip placed at Maison Drive, but they were unable to do so because of how the drive curves but they were placed at Maison Drive. o TECO Contract This was discussed during the attorney s presentation to the Board. o Ramblewood Road Extension A resident was going to install a camera at this location and provide the Board data. This has not been done as yet. o Landscape Contract and Scoresheet This item was discussed during the attorney s presentation to the Board. NINTH ORDER OF BUSINESS New Business and Supervisors Request Mr. McClain stated the rumor is TPC is for sale, they are selling it as buildable land for a hotel, condos, townhouses. He continued on to state it is not within their gates and is more towards the driving range and some of the property around there. He said they will have to run it like a TPC. He also heard Greenacre has either been sold or is for sale. Mr. McClain was reviewing the Frontier bills and noted they are paying long distance to Ontario, Canada. Mr. McClain discussed VOIP and based on a Board consensus Mr. McClain will look into this and follow-up with the Board. TENTH ORDER OF BUSINESS Audience Comments Resident comments were received by the Board. ELEVENTH ORDER OF BUSINESS There being no further business, Adjournment On MOTION by Ms. Willsie seconded by Mr. Brown with all in favor the meeting was adjourned at 11:58 a.m. 4-0 UNAPPROVED 8

14 3B.

15 Cheval West Community Development District Financial Report April 30, 2018

16 Cheval West Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet - All Funds. Page 1 Statement of Revenues, Expenditures and Changes in Fund Balances General Fund. Page 2-3 Notes to the Financial Statements. Page 4-5 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments. Page 6 Cash and Investment Report. Page 7 Check Register. Page 8-9

17 Cheval West Community Development District Financial Statements (Unaudited) April 30, 2018

18 CHEVAL WEST Community Development District General Fund Balance Sheet April 30, 2018 ACCOUNT DESCRIPTION TOTAL ASSETS Cash - Checking Account $ 214,249 Cash On Hand/Petty Cash 500 Accounts Receivable 15,321 Interest/Dividend Receivables 672 Investments: Certificates of Deposit - 12 Months 155,185 Certificates of Deposit - 18 Months 659,894 Certificates of Deposit - Other 439,060 Money Market Account 1,165,617 Prepaid Items 31 TOTAL ASSETS $ 2,650,529 LIABILITIES Accounts Payable $ 55,755 Deposits 600 TOTAL LIABILITIES 56,355 FUND BALANCES Nonspendable: Prepaid Items 31 Assigned to: Operating Reserves 355,890 Reserves - Drainage 1,017 Reserves - Gatehouse/Equipment 96,138 Reserves - Playground 5,521 Reserves - Pond Banks 19,168 Reserves - Roads and Sidewalks 169,509 Reserves-Signs/Monuments/Fence 9,437 Unassigned: 1,937,463 TOTAL FUND BALANCES $ 2,594,174 TOTAL LIABILITIES & FUND BALANCES $ 2,650,529 Page 1

19 CHEVAL WEST Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending April 30, 2018 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A % OF APR-18 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL REVENUES Interest - Investments $ 4,400 $ 5, % $ 2,746 Interest - Tax Collector % - Special Assmnts- Tax Collector 1,380,768 1,355, % 38,748 Special Assmnts-Gate 5,319 5, % 149 Special Assmnts- Discounts (55,443) (51,793) 93.42% - Other Miscellaneous Revenues % - TOTAL REVENUES 1,335,044 1,314, % 41,643 EXPENDITURES Administration P/R-Board of Supervisors 12,000 6, % 800 FICA Taxes % 61 ProfServ-Engineering 20,000 6, % 225 ProfServ-Legal Services 45,000 15, % - ProfServ-Mgmt Consulting Serv 45,936 26, % 3,828 Auditing Services 6, % - Postage and Freight % 20 Insurance - General Liability 13,547 10, % - Printing and Binding % 8 Legal Advertising 1, % - Miscellaneous Services 2, % 105 Misc-Assessmnt Collection Cost 27,722 26, % 778 Misc-Web Hosting 1, % - Office Supplies % - Annual District Filing Fee % - Total Administration 178,198 92, % 5,825 Community Services ProfServ-Traffic Patrols 5,000 3, % 2,512 Contractual Services 396, , % 24,248 Contracts-Special Pay 5, % - Misc. Contractual Services 7,200 3, % 497 Communication - Teleph - Field 2, % 104 R&M-Gatehouse 3, % - R&M-Chambord Gate 5, % 102 R&M-Lutz Lake Fern Gate 5,000 2, % 52 R&M-Ramblewood Gate 3,200 1, % 231 Op Supplies - Gatehouse 6,000 3, % 134 Op Supplies - Vehicle 18,400 9, % 1,263 Total Community Services 455, , % 29,143 Page 2

20 CHEVAL WEST Community Development District General Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending April 30, 2018 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE AS A % OF APR-18 ACCOUNT DESCRIPTION BUDGET ACTUAL ADOPTED BUD ACTUAL Field Contracts-On-Site Management 28,656 16, % 2,460 Contracts-Landscape 204,350 92, % 29,159 Contracts-Landscape Consultant 7,920 4, % 660 Electricity - Streetlighting 161,000 97, % 13,941 Utility - Water 30,530 12, % 2,100 R&M-General 20,000 4, % 1,825 R&M-Fountain 3, % 255 R&M-Irrigation 17,410 5, % - R&M-Lake 25,800 15, % 2,150 R&M-Landscape Renovations 30, % - R&M-Mulch 8, % - R&M-Sidewalks 50,000 26, % (611) Misc-Holiday Decor 8,705 11, % - Misc-Special Events 5, % - Misc-Contingency 61, % - Op Supplies - General 9,300 5, % 2,192 Capital Outlay - 41, % - Reserve - Drainage Structures 1, % - Reserve - Ponds 1, % - Reserve - Roads/Sidewalk 95, % - Reserve-Signs/Monuments/Fences 1,200 7, % - Total Field 771, , % 54,131 TOTAL EXPENDITURES 1,405, , % 89,099 Excess (deficiency) of revenues Over (under) expenditures (70,284) 661, % (47,456) OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance (70,284) % - TOTAL FINANCING SOURCES (USES) (70,284) % - Net change in fund balance $ (70,284) $ 661, % $ (47,456) FUND BALANCE, BEGINNING (OCT 1, 2017) 1,933,120 1,933,120 FUND BALANCE, ENDING $ 1,862,836 $ 2,594,174 Page 3

21 Cheval West Community Development District Balance Sheet - All Funds Notes to the Financial Statements Assets The District has several CDs invested with General Fund monies which have various maturities. (See Cash & Investments Report for further details.) The Accounts Receivable represents amounts due from Cheval East for credentialed access and gate repairs. The Interest/Dividend Receivables represents the amount of 2017 interest not yet received. Prepaid Items represents overpayment of payroll taxes. Liabilities Accounts Payable represents posted invoices paid in May. A Deposit is being held in order to restore sidewalk altered by resident to original condition after the resident moves out of the District. Fund Balance In the General Fund, the District has assigned funds for various assets. The notes are intended to provide additional information helpful when reviewing the financial statements. Report Date: 6/12/2018 Page 4

22 Cheval West Community Development District Governmental Funds Notes to the Financial Statements Financial Overview / Highlights Total revenues are currently at 98% of the annual budget. 98% of special assessments have been collected. Total expenditures are at approximately 47% of the annual budget. services and field expenditures are under budget. The administrative expenditures, community Variance Analysis Account Name Expenditures - General Fund Annual Budget YTD Actual % of Budget Explanation Administrative Insurance-General Liability $13,547 $10,576 78% Three quarterly payments for insurance have been made. Community Services Contractual Services $396,000 $194,502 49% Includes payments to US Security. Contract-Special Pay $5,000 $0 0% Holiday bonuses for US Security personnel have not been paid. Field Contracts-Landscape $204,350 $92,859 45% Electricity-Streetlighting $161,000 $97,176 60% Misc-Holiday Décor $8,705 $11, % Capital Outlay $0 $41,893 0% Reserve-Signs/Monuments/Fences $1,200 $7, % Includes monthly contract amount and other landscape maintenance items. All payments to Tampa Electric for streetlighting. All payments for holiday lighting. Includes $31,462 for gate scanners and $10,431 for LED display. Includes $7,380 for signs. The notes are intended to provide additional information helpful when reviewing the financial statements. Report Date: 6/12/2018 Page 5

23 Cheval West Community Development District Supporting Schedules April 30, 2018

24 Cheval West Community Development District Non-Ad Valorem Special Assessments (Hillsborough County Tax Collector - Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2018 ALLOCATION Discount / Gross Date Net Amount (Penalties) Collection Amount General Fund Gate Received Received Amount Costs Received Assessments Assessments Assessments Levied $1,386,087 $ 1,380,768 $ 5,319 Allocation % 100% 99.62% 0.38% 11/07/17 $ 13, $ $ $ 14, $ 14, $ /15/17 $ 82, $ 3, $ 1, $ 88, $ 87, $ /24/17 $ 247,385 $ 10, $ 5, $ 262, $ 261, $ 1, /11/17 $ 715, $ 30, $ 14, $ 760, $ 757, $ 2, /15/17 $ 98, $ 3, $ 2, $ 103, $ 103, $ /10/18 $ 53, $ 2, $ 1, $ 57, $ 56, $ /08/18 $ 21, $ $ $ 22,150 $ 22, $ /06/18 $ 11, $ $ $ 11, $ 11, $ /06/18 $ 38, $ - $ $ 38, $ 38, $ TOTAL $ 1,282,400 $ 51,793 $ 26,171 $ 1,360,364 $ 1,355,144 $ 5,220 % COLLECTED 98.14% 98.14% 98.14% TOTAL OUTSTANDING $ 25,723 $ 25,624 $ 99 Report Date: 6/12/2018 Page 6

25 Cheval West Community Development District Cash and Investment Report April 30, 2018 ACCOUNT NAME BANK NAME YIELD MATURITY BALANCE GENERAL FUND Checking Account - Operating Florida Community 0.00% n/a 213,519 Debit Card Florida Community 0.00% n/a 730 Subtotal 214,249 Petty Cash 0.00% n/a 500 Certificate of Deposit - 12 Months Bank United 1.02% 04/28/18 155,185 Subtotal 155,185 Certificate of Deposit - 18 Months Bank United 0.41% 08/22/19 204,947 Certificate of Deposit - 18 Months Bank United 0.41% 08/22/19 204,947 Certificate of Deposit - 18 Months Bank United 1.20% 12/07/18 250,000 Subtotal 659,894 Certificate of Deposit - 36 Months Valley National 1.40% 12/13/20 439,060 Subtotal 439,060 Money Market Account Bank United 1.00% n/a 1,165,617 Subtotal 1,165,617 Total $ 2,195,445 Report Date: 6/12/2018 Page 7

26 CHEVAL WEST Community Development District Payment Register by Fund For the Period from 4/1/2018 to 4/30/2018 (Sorted by Check / ACH No.) Fund No. Check / ACH No. Date Payee Invoice No. Payment Description Invoice / GL Description G/L Account # Amount Paid GENERAL FUND /02/18 GPI-GREENACRE PROPERTIES INC APR 2018 CONTRACT/MAR EXP Contracts-On-Site Management $2, /02/18 GPI-GREENACRE PROPERTIES INC APR 2018 CONTRACT/MAR EXP Op Supplies - General $ /02/18 U.S. SECURITY ASSOCIATES, INC LLF GATE 3/9-3/15/18 Contractual Services $2, /02/18 U.S. SECURITY ASSOCIATES, INC /9-3/15/18 RAMBLEWOOD Contractual Services $2, /02/18 U.S. SECURITY ASSOCIATES, INC /9-3/15/18 ROVER/FUEL Contractual Services $2, /02/18 U.S. SECURITY ASSOCIATES, INC /9-3/15/18 ROVER/FUEL Op Supplies - Vehicle $ /05/18 FIELDSTONE LANDSCAPE IRR RREPAIRS TPC/MAISONS R&M-Irrigation $ /05/18 STANTEC CONSULTING SRV INC ENG SVC THRU FEB 2018 ProfServ-Engineering $ /05/18 U.S. SECURITY ASSOCIATES, INC /16-3/22/18 ROVER/FUEL Contractual Services $2, /05/18 U.S. SECURITY ASSOCIATES, INC /16-3/22/18 ROVER/FUEL Op Supplies - Vehicle $ /05/18 U.S. SECURITY ASSOCIATES, INC /16-3/22/18 LLF GATE Contractual Services $2, /05/18 U.S. SECURITY ASSOCIATES, INC /16-3/22/18 RAMBLEWOOD Contractual Services $2, /06/18 KRUEGER CONTRACTING INC SIDEWALK REPLACEMENTS/GRINDS R&M-Sidewalks $8, /11/18 DWELLING LIVE, INC INV APR 2018 CREDENTIALED ACCESS Misc. Contractual Services $ /11/18 DWELLING LIVE, INC INV APR 2018 CREDENTIALED ACCESS Accounts Receivable $ /11/18 FASTSIGNS NAME PLATES Op Supplies - General $ /11/18 FIELDSTONE LANDSCAPE REMOVAL OF INVASIVE TREES/TRIM Contracts-Landscape $ /11/18 SOLITUDE LAKE MANAGEMENT PI-A APR AQUATIC MGMT R&M-Lake $2, /18/18 CHEVAL WEST CDD DEBIT REPLENISH DEBIT CARD Cash in Bank $ /18/18 INFRAMARK, LLC /18 MANAGEMENT FEES ProfServ-Mgmt Consulting Serv $3, /18/18 INFRAMARK, LLC /18 MANAGEMENT FEES Postage and Freight $ /18/18 INFRAMARK, LLC /18 MANAGEMENT FEES Printing and Binding $ /18/18 OLM, INC /4/18 LANDSCAPE INSPECTION Contracts-Landscape Consultant $ /18/18 U.S. SECURITY ASSOCIATES, INC /23-3/29/18 ROVER/FUEL Contractual Services $2, /18/18 U.S. SECURITY ASSOCIATES, INC /23-3/29/18 ROVER/FUEL Op Supplies - Vehicle $ /18/18 U.S. SECURITY ASSOCIATES, INC MAR PATROL VEHICLE Op Supplies - Vehicle $ /18/18 U.S. SECURITY ASSOCIATES, INC /30-4/5/18 LUTZ Contractual Services $2, /18/18 U.S. SECURITY ASSOCIATES, INC /23-3/29/18 RAMBLEWOOD Contractual Services $2, /18/18 U.S. SECURITY ASSOCIATES, INC /30-4/5/18 ROVER/FUEL Contractual Services $2, /18/18 U.S. SECURITY ASSOCIATES, INC /30-4/5/18 ROVER/FUEL Op Supplies - Vehicle $ /18/18 U.S. SECURITY ASSOCIATES, INC /23-3/29/18 LUTZ Contractual Services $2, /23/18 U.S. SECURITY ASSOCIATES, INC /30-4/5/18 RAMBLEWOOD Contractual Services $2, Page 8

27 CHEVAL WEST Community Development District Payment Register by Fund For the Period from 4/1/2018 to 4/30/2018 (Sorted by Check / ACH No.) Fund No. Check / ACH No. Date Payee Invoice No. Payment Description Invoice / GL Description G/L Account # Amount Paid /25/18 FIELDSTONE LANDSCAPE APRIL LANDSCAPE MAINT Contracts-Landscape $3, /25/18 TAMPA ELECTRIC CHK BILL PRD 3/8-4/6/18 Electricity - Streetlighting $8, /25/18 CHEVAL WEST CDD DEBIT REPLENISH DEBIT CARD Cash in Bank $ /25/18 MUELLER HOME REPR LLC 1268 PAINT WALL TERRAIN DE GOLF DR R&M-General $ /30/18 BOCC CHK BILL PRD 3/8-4/6/ $2, DD124 04/04/18 TAMPA ELECTRIC ACH 2/7-3/7/18 ELEC ACH Electricity - Streetlighting $5, DD125 04/03/18 FRONTIER ACH 3/13-4/12/18 CHAMBORD GATE R&M-Chambord Gate $ DD126 04/23/18 FRONTIER /28-4/27/18 RAMBLEWOOD R&M-Ramblewood Gate $ DD127 04/30/18 FRONTIER ACH 4/7-5/6/18 LUTZ Communication - Teleph - Field $ DD128 04/30/18 FRONTIER ACH 4/7-5/6/18 RAMBLEWOOD R&M-Ramblewood Gate $ /23/18 DAVID W. BOWMAN PAYROLL April 23, 2018 Payroll Posting $ /23/18 HARRY P. BROWN PAYROLL April 23, 2018 Payroll Posting $ /23/18 TRACY J. WILLSIE PAYROLL April 23, 2018 Payroll Posting $ /23/18 SCOTT P. HOSTLER PAYROLL April 23, 2018 Payroll Posting $ Fund Total $71, Total Checks Paid $71, Page 9

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29 Cheval West Community Development District ANNUAL FINANCIAL REPORT September 30, 2017

30 Cheval West Community Development District ANNUAL FINANCIAL REPORT Fiscal Year Ended September 30, 2017 TABLE OF CONTENTS Page Number FINANCIAL SECTION REPORT OF INDEPENDENT AUDITORS 1-2 MANAGEMENT S DISCUSSION AND ANALYSIS 3-7 BASIC FINANCIAL STATEMENTS: Government-wide Financial Statements Statement of Net Position 8 Statement of Activities 9 Fund Financial Statements: Balance Sheet Governmental Funds 10 Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities 11 Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds 12 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities 13 Statement of Revenues, Expenditures and Changes in Fund Balances Budget and Actual General Fund 14 Notes to Financial Statements INDEPENDENT AUDITOR S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS MANAGEMENT LETTER INDEPENDENT ACCOUNTANT S REPORT/COMPLIANCE WITH SECTION , FLORIDA STATUTES 28

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33 Cheval West Community Development District MANAGEMENT S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2017 Management s discussion and analysis of Cheval West Community Development District's (the District ) financial performance provides an objective and easily readable analysis of the District s financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District s financial statements. OVERVIEW OF THE FINANCIAL STATEMENTS The District s basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District s financial position and results of operations. The Fund financial statements present financial information for the District s major funds. The Notes to financial statements provide additional information concerning the District s finances. The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in net position. Governmental activities are primarily supported by special assessments. The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Net position are reported in three categories; 1) net investment in capital assets, 2) restricted and 3) unrestricted. Assets, liabilities, and net position are reported for all Governmental activities. The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District s operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government and physical environment. Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources

34 Cheval West Community Development District MANAGEMENT S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2017 OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED) Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances budget and actual, is provided for the District s General Fund. Fund financial statements provide more detailed information about the District s activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements. The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District s financial standing. These statements are comparable to private-sector companies and give a good understanding of the District s overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of the District, including capital assets, are reported in the statement of net position. All liabilities, including principal outstanding on bonds are included. Transactions between the different functions of the District have been eliminated in the statement of activities in order to avoid doubling up the revenues and expenses. The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as general obligation bonds, are not included in the fund financial statements. To provide a link from the fund financial statements to the government-wide financial statements, a reconciliation is provided from the fund financial statements to the government-wide financial statements. Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets, and long-term debt are some of the items included in the notes to financial statements. Financial Highlights: The following are the highlights of financial activity for the year ended September 30, The District s total assets exceeded total liabilities by $6,618,898 (net position). Net investment in capital assets for Governmental Activities was $4,685,779. Unrestricted net position for Governmental Activities was $1,933,119. Governmental activities revenues totaled $1,296,203 while governmental activities expenses totaled $1,323,

35 Cheval West Community Development District MANAGEMENT S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2017 OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED) Financial Analysis of the District The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes. Net Position Governmental Activities Current assets $ 2,015,851 $ 1,789,054 Capital assets, net 4,685,779 4,890,735 Total Assets 6,701,630 6,679,789 Current liabilities 82,732 33,262 Net position - net investment in capital assets 4,685,779 4,890,735 Net position - unrestricted 1,933,119 1,755,792 Total Net Position $ 6,618,898 $ 6,646,527 The increase in current assets and net position unrestricted is primarily the result of revenues in excess of expenditures at the fund level. The decrease in capital assets and net position net investment in capital assets is primarily due to depreciation in the current year

36 Cheval West Community Development District MANAGEMENT S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2017 OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED) Financial Analysis of the District (Continued) The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes. Change in Net Position Governmental Activities Program Revenues Charges for services $ 1,278,390 $ 1,258,742 General Revenues Investment earnings 17,813 12,351 Total Revenues 1,296,203 1,271,093 Expenses General government 139, ,908 Physical environment 1,184,102 1,176,816 Total Expenses 1,323,832 1,325,724 Change in Net Position (27,629) (54,631) Net Position - Beginning of Year 6,646,527 6,701,158 Net Position - End of year $ 6,618,898 $ 6,646,527 The increase in charges for services is due to an increase in special assessments in the current year

37 Cheval West Community Development District MANAGEMENT S DISCUSSION AND ANALYSIS For the Year Ended September 30, 2017 OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED) Capital Assets Activity The following schedule provides a summary of the District s capital assets as of September 30, 2017 and Governmental Activities Description Land $ 837,165 $ 837,165 Buildings and improvements 1,080,527 1,080,527 Equipment 100, ,957 Infrastructure 11,254,733 11,254,733 Accumulated depreciation (8,586,693) (8,401,647) Total Capital Assets (Net) $ 4,685,779 $ 4,890,735 During the year, depreciation was $194,490, equipment of $30,510 and the related accumulated depreciation of $9,444 were disposed and $10,600 was added to equipment. General Fund Budgetary Highlights Budgeted expenditures exceeded actual expenditures primarily because of lower repairs and maintenance, reserve and capital outlay expenditures than were anticipated. There were no amendments to the budget for the year ended September 30, Economic Factors and Next Year s Budget The District does not expect any economic factors to have a significant effect on the financial position or results of operations of the District in fiscal year Request for Information The financial report is designed to provide a general overview of Cheval West Community Development District s finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Cheval West Community Development District, Inframark Infrastructure Management Services, 210 North University Drive, Suite 702, Coral Springs, Florida

38 Cheval West Community Development District STATEMENT OF NET POSITION September 30, 2017 Governmental Activities ASSETS Current Assets Cash $ 725,720 Investments 1,253,976 Accounts receivable 6,479 Due from other governments 8,085 Deposits 18,000 Prepaid expenses 3,591 Total Current Assets 2,015,851 Non-Current Assets Capital assets, not being depreciated: Land 837,165 Capital assets, being depreciated: Buildings and improvements 1,080,527 Equipment 100,047 Infrastructure 11,254,733 Less: accumulated depreciation (8,586,693) Total Non-Current Assets 4,685,779 Total Assets 6,701,630 LIABILITIES Accounts payable and accrued expenses 82,132 Deposits 600 Total Liabilities 82,732 NET POSITION Net investment in capital assets 4,685,779 Unrestricted 1,933,119 Total Net Position $ 6,618,898 See accompanying notes to financial statements

39 Cheval West Community Development District STATEMENT OF ACTIVITIES For the Year Ended September 30, 2017 Net (Expense) Revenues and Program Changes in Revenues Net Position Functions/Programs Expenses Charges for Services Governmental Activities Primary government Governmental Activities General government $ (139,730) $ 134,934 $ (4,796) Physical environment (1,184,102) 1,143,456 (40,646) Total Governmental Activities $ (1,323,832) $ 1,278,390 (45,442) General Revenues Investment earnings 17,813 Change in Net Position (27,629) Net Position - October 1, ,646,527 Net Position - September 30, 2017 $ 6,618,898 See accompanying notes to financial statements

40 Cheval West Community Development District BALANCE SHEET GOVERNMENTAL FUNDS September 30, 2017 General Fund ASSETS Cash $ 725,720 Investments, at fair value 1,253,976 Accounts receivable 6,479 Due from other governments 8,085 Prepaid expenses 3,591 Deposits 18,000 Total Assets $ 2,015,851 LIABILITIES AND FUND BALANCES Liabilities Accounts payable and accrued expenses $ 82,132 Deposits 600 Total Liabilities 82,732 Fund Balances Nonspendable Prepaid expenses 3,591 Deposits 18,000 Assigned: First quarter operations 355,890 Roads and sidewalks 169,074 Drainage 1,014 Gatehouse 95,892 Pond banks 19,119 Signage 16,790 Playground 5,506 Unassigned 1,248,243 Total Fund Balances 1,933,119 Total Liabilities and Fund Balances $ 2,015,851 See accompanying notes to financial statements

41 Cheval West Community Development District RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES September 30, 2017 Total Governmental Fund Balances $ 1,933,119 Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets, land, $837,165, buildings and improvements, $1,080,527, equipment, $100,047, and infrastructure, $11,254,733, net of accumulated depreciation, $(8,586,693), used in governmental activities are not current financial resources and therefore, are not reported at the governmental fund level. 4,685,779 Net Position of Governmental Activities $ 6,618,898 See accompanying notes to financial statements

42 Cheval West Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS For the Year Ended September 30, 2017 General Fund Revenues Special assessments $ 1,278,390 Investment earnings 17,813 Total Revenues 1,296,203 Expenditures Current General government 139,730 Physical environment 968,546 Capital outlay 10,600 Total Expenditures 1,118,876 Net change in fund balances 177,327 Fund Balances - October 1, ,755,792 Fund Balances - September 30, 2017 $ 1,933,119 See accompanying notes to financial statements

43 Cheval West Community Development District RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES For the Year Ended September 30, 2017 Net Change in Fund Balances - Total Governmental Funds $ 177,327 Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets are allocated over their estimated useful lives as depreciation This is the amount that depreciation ($(194,490)) and loss on disposal of assets ($(21,066)) exceeded capital additions ($10,600) in the current period. (204,956) Change in Net Position of Governmental Activities $ (27,629) See accompanying notes to financial statements

44 Cheval West Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND For the Year Ended September 30, 2017 Variance with Final Budget Original Final Positive Budget Budget Actual (Negative) Revenues Special assessments $ 1,269,732 $ 1,269,732 $ 1,278,390 $ 8,658 Investment earnings 4,400 4,400 17,813 13,413 Total Revenues 1,274,132 1,274,132 1,296,203 22,071 Expenditures Current General government 172, , ,730 33,075 Physical environment 1,067,845 1,067, ,546 99,299 Capital outlay 182, ,909 10, ,309 Total Expenditures 1,423,559 1,423,559 1,118, ,683 Net change in fund balances (149,427) (149,427) 177, ,754 Fund Balances - October 1, ,571,687 1,571,687 1,755, ,105 Fund Balances - September 30, 2017 $ 1,422,260 $ 1,422,260 $ 1,933,119 $ 510,859 See accompanying notes to financial statements

45 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of Cheval West Community Development District (the District ) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below. 1. Reporting Entity The District was established on November 5, 1990, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by Ordinance #90-40, and #91-25 of the Board of County Commissioners of Hillsborough County, as a Community Development District. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is authorized to issue bonds for the purpose, among others, of financing, funding, planning, establishing, acquiring, constructing district roads, landscaping, and other basic infrastructure projects within or without the boundaries of the District. The District is governed by a five-member Board of Supervisors who are elected for four year terms. As required by GAAP, these financial statements present the Cheval West Community Development District (the primary government) as a stand-alone government. The reporting entity for the District includes all functions of government in which the District s Board exercises oversight responsibility including, but not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters. Based upon the application of the above-mentioned criteria as set forth in Governmental Accounting Standards Board Statement Number 61, The Financial Reporting Entity, the District has identified no component units. 2. Measurement Focus and Basis of Accounting The basic financial statements of the District are composed of the following: Government-wide financial statements Fund financial statements Notes to financial statements

46 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2. Measurement Focus and Basis of Accounting (Continued) a. Government-wide Financial Statements Government-wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include all the governmental activities of the primary government. The effect of interfund activity has been removed from these statements. Governmental activities are supported by special assessments, interest and miscellaneous revenues. Program revenues include charges for services, and payments made by parties outside of the reporting government s citizenry if that money is restricted to a particular program. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program. Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financing source. Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure. b. Fund Financial Statements The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of selfbalancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. Fund financial statements for the primary government s governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually

47 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2. Measurement Focus and Basis of Accounting (Continued) b. Fund Financial Statements (Continued) Governmental Funds The District classifies fund balance according to Governmental Accounting Standards Board Statement 54 Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent. The District has various policies governing the fund balance classifications. Nonspendable Fund Balance This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact. Assigned Fund Balance This classification consists of the Board of Supervisors intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District s management company. Fund Balance Spending Hierarchy For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an accrual item and so has been recognized as revenue of the current fiscal period

48 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2. Measurement Focus and Basis of Accounting (Continued) b. Fund Financial Statements (Continued) Governmental Funds (Continued) Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of available spendable resources. Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of available spendable resources during a period. Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities. Amounts expended to acquire capital assets are recorded as expenditures in the year that resources are expended, rather than as fund assets. The proceeds of longterm debt are recorded as an other financing source rather than as a fund liability. Debt service expenditures are recorded only when payment is due. 3. Basis of Presentation a. Governmental Major Funds General Fund The General Fund is the District s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. b. Non-current Governmental Assets/Liabilities GASB Statement 34 requires that non-current governmental assets, such as land and improvements, and non-current governmental liabilities, such as general obligation bonds and due to developer be reported in the governmental activities column in the government-wide Statement of Net Position

49 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 4. Assets, Liabilities, and Net Position or Equity a. Cash and Investments Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits. The District is authorized to invest in those financial instruments as established by Section , Florida Statutes. The authorized investments consist of: 1. Direct obligations of the United States Treasury; 2. The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperative Act of 1969; 3. Interest-bearing time deposits or savings accounts in authorized qualified public depositories; 4. Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency. b. Capital Assets Capital assets, which include land and improvements, buildings and improvements, infrastructure, and equipment, are reported in the governmental activities column. The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of one year. The valuation basis for all assets is historical cost. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Depreciation of capital assets is computed and recorded by utilizing the straight-line method over the assets estimated useful lives as follows: Equipment Infrastructure Buildings & improvements 5-20 years years years

50 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 4. Assets, Liabilities, and Net Position or Equity (Continued) c. Budgets Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. A formal budget is adopted for the general fund. As a result, deficits in the budget columns of the accompanying financial statements may occur. d. Net Position Net position represents the difference between assets and liabilities and is reported in three categories. Net investment in capital assets, represents capital assets, net of accumulated depreciation and any outstanding debt related to those assets. Net position is reported as restricted when there are legal limitations imposed on their use by legislation, or external restrictions imposed by other governments, creditors, or grantors. Unrestricted net position is assets that do not meet definitions of the classifications previously described. NOTE B RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS 1. Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position Total fund balances of the District s governmental funds, ($1,933,119), differs from net position of governmental activities, ($6,618,898), reported in the Statement of Net Position. This difference primarily results from the long-term economic focus of the Statement of Net Position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below. Capital related items When capital assets (land, buildings and improvements, equipment and infrastructure that are to be used in governmental activities) are purchased or constructed, the cost of those assets is reported as expenditures in governmental funds. However, the Statement of Net Position included those capital assets among the assets of the District as a whole. Land $ 837,165 Buildings and improvements 1,080,527 Equipment 100,047 Infrastructure 11,254,733 Accumulated depreciation (8,586,693) Total $ 4,685,

51 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE B RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS (CONTINUED) 2. Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities The net change in fund balances for government funds ($177,327) differs from the change in net position for governmental activities ($(27,629)) reported in the Statement of Activities. The differences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below. Capital related items When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds. However, in the Statement of Activities, the costs of those assets is allocated over their estimated useful lives and reported as depreciation. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decrease by the amount of depreciation charged for the year. Capital additions $ 10,600 Loss on disposal of equipment (21,066) Depreciation (194,490) Total $ (204,956) NOTE C CASH AND INVESTMENTS All deposits are held in qualified public depositories and are included on the accompanying balance sheet and Statement of Net Position as cash and investments. Custodial Credit Risk Deposits Custodial credit risk is the risk that in the event of a bank failure, the District s deposits may not be returned. The investment policy of the District follows the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2017, the District s bank balance was $732,307 and the carrying value was $725,720. The District controls its exposure to custodial credit risk because it maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes

52 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE C CASH AND INVESTMENTS (Continued) Investments The District s investment policy allows management to invest funds in investments permitted under Section , Florida Statutes. As of September 30, 2017, the District had the following investments and maturities: Investment Maturities Fair Value Certificates of Deposit 12/2017-4/2018 $ 1,253,976 Interest Rate Risk The District monitors investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. Concentration of Credit Risk The District places no limit on the amount it may invest in any one issuer. As of September 30, 2017, investments in Certificates of Deposit were 100% of the District s total investments. The types of deposits and investments and their level of risk exposure as of September 30, 2017 were typical of these items during the fiscal year then ended. The District considers any decline in fair value for certain investments to be temporary. In addition, the District has the ability to hold investments to maturity that have fair values less than cost. The District s investments are recorded at fair value. NOTE D RISK MANAGEMENT The government is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government carries commercial insurance

53 Cheval West Community Development District NOTES TO FINANCIAL STATEMENTS September 30, 2017 NOTE E CAPITAL ASSETS Capital Asset activity for the year ended September 30, 2017 was as follows: Balance Balance October 1, September 30, 2016 Additions Deletions 2017 Governmental Activities: Capital assets, not being depreciated: Land $ 837,165 $ - $ - $ 837,165 Capital assets, being depreciated: Buildings and improvements 1,080, ,080,527 Equipment 119,957 10,600 (30,510) 100,047 Infrastructure 11,254, ,254,733 Total Capital Assets, Being Depreciated 12,455,217 10,600 (30,510) 12,435,307 Less accumulated depreciation for: Buildings and improvements (938,260) (8,842) - (947,102) Equipment (25,350) (12,398) 9,444 (28,304) Infrastructure (7,438,037) (173,250) - (7,611,287) Total Accumulated Depreciation (8,401,647) (194,490) 9,444 (8,586,693) Total Capital Assets, Depreciated, Net 4,053,570 (183,890) (21,066) 3,848,614 Governmental Activities Capital Assets $ 4,890,735 $ (183,890) $ (21,066) $ 4,685,779 Depreciation of $194,490 was charged to physical environment

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59 Seventh Order of Business

60 7A

61 Notice of Meetings Cheval West Community Development District The Board of Supervisors of the Cheval West Community Development District will hold their meetings for Fiscal Year 2019 at the Cheval Golf and Country Club - Sunset Room, 4310 Cheval Blvd, Lutz, Florida, 33558, at 9:00 a.m. immediately followed by a Workshop at 11:00 a.m., on the following dates: October 18, 2018 November 15, 2018 December 20, 2018 January 17, 2019 February 21, 2019 March 21, 2019 April 18, 2019 May 16, 2019 June 20, 2019 July 18, 2019 August 15, 2019 September 19, 2019 Meetings may be continued to a date and time certain which will be announced at the meeting. There may be occasions when one or more Supervisors will participate by telephone. Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (954) at least two days prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 711 for aid in contacting the District Office. Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based. Mark Vega Manager

62 7B.

63 Contract No: 8112 Work Request No: Billing Customer of Record: CHEVAL WEST CDD Billing Address: 210 N UNIVERSITY DR. CORAL SPRINGS, FL Tax ID#: - Business Partner No: TAMPA ELECTRIC COMPANY BRIGHT CHOICES Outdoor Lighting Agreement Pursuant to the terms and conditions set forth in this outdoor lighting agreement (the Agreement ), Tampa Electric Company (the Company ) agrees to provide and CHEVAL WEST CDD (the Customer ) agrees to accept and pay for the outdoor lighting services specified below. 1. Scope of Work The Company shall furnish, install, operate and maintain, the following lighting equipment (all of which, together with accessories, attachments, replacement parts, additions and repairs, shall be referred to herein as Equipment ): Autobahn II - 3K 47 Watts LED Gray at the following location CHEMILLE DR. LUTZ, FL ( Installation Site ), subject to the availability of such Equipment for the term of this Agreement. 2. System Design and Approval If applicable, based on written lighting system design specifications approved by the Customer and/or the Equipment selected by the Customer, the Company shall prepare and provide the Customer with a copy of the final design and/or sketch at least five (5) business days prior to the commencement of installation of the Equipment at the Installation Site. If the Company is unable to provide all of the Equipment selected by the Customer or the Company is unable to install the selected Equipment in reasonable proximity to the locations identified in the approved design specifications for the initial installation of the Equipment, the Company shall note any material deviations from the approved design specifications or Equipment selections in the final design sketch and if applicable, written notification of any adjustments affecting monthly charges. If the final design sketch has been provided to the Customer, as required immediately above, and the Customer has not advised the Company of specific changes to be made to the final design sketch prior to the commencement of work at the Installation Site, then the Customer will be deemed to have consented to the configuration and installation of Equipment pursuant to the final design sketch. The final design sketch will conform, to the extent practicable, to the Customer s preferences or preferred design. The Equipment shall be repaired or replaced with the closest available light and/or light pole and associated rate(s) should parts or Equipment become unavailable. THE COMPANY MAKES NO WARRANTY, EITHER EXPRESSED OR IMPLIED, INCLUDING AN IMPLIED WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE of either the Equipment or the lighting design plan pursuant to which the Equipment is installed. 3. Change Orders Customer Initial Date:

64 The Equipment shall be configured and installed pursuant to the final design sketch. Any change order requested by the Customer after consenting to the final design sketch shall be carried out at the Customer s expense. 4. Damages During Construction The Customer shall be responsible for all costs incurred to repair or replace any Equipment which is damaged by the Customer, its agents, employees, representatives or third parties other than the Company during construction of Customer s facilities including but not limited to costs incurred to repair or relocate Equipment to proper depths in response to a lowering of the grade of the soil above any conduit serving the Equipment. 5. Customer Information and Preparation The Customer shall locate and advise the Company, through the provision of an accurate map and other necessary written descriptions, of the exact location of all underground facilities including, but not limited to: sewage pipes, septic tanks, wells, swimming pools, sprinkler systems, conduits, cables, valves, lines, fuel storage tanks, and storm drainage systems ( Underground Facilities ) at the Installation Site at least two (2) days prior to the commencement of any work by the Company at the Installation Site. Any and all cost or liability for damage to Underground Facilities by the Company that were not properly identified by the Customer, as described under this Paragraph, shall be paid by the Customer. Except for those claims, losses and damages arising out of Company s sole negligence, the Customer agrees to defend, at its own expense, and indemnify the Company for any and all claims, losses and damages, including attorney s fees and costs, which arise or are alleged to have arisen out of furnishing, design, installation, operation, maintenance or removal of the Equipment. The phrase property damage includes, but is not limited to, damage to the property of the Customer, the Company, or any third parties. For purposes of this indemnification, and the exculpation of liability provided in Paragraph 11 of this Agreement, the Company shall be defined as Tampa Electric Company, its parent, Emera, Inc., and all subsidiaries and affiliates thereof, and each of their respective officers, directors, affiliates, insurers, representatives, agents, servants, employees, contractors, or parent, sister, of successor corporations. 6. Location of Equipment If applicable, the Customer shall stake the locations of Equipment on roadways and commercial property prior to the installation of the Equipment by the Company. To assist the Customer with the staking process, the Company shall provide the Customer with an approved design sketch that reflects the Equipment locations approved by the Customer. 7. Non-Standard Service Charges The Customer shall pay all costs associated with any additional Company facilities and services that are not considered standard for providing lighting service including, but not limited to: installation of distribution transformers, relays, protective shields, bird deterrent devices, light trespass shields, any devices required by local regulations to control the level or duration of illumination including any associated planning and engineering costs, removal and replacement of pavement required to install underground lighting cable, and directional boring. Charges will also be assessed for light rotations and light pole relocations. The Company will bill the Customer the actual cost of such non-standard facilities and services as incurred. 8. Customer Contribution in Aid of Construction The Company shall pay for all normal Equipment installation costs, with the exception of the following: $0.00 for the Contribution in Aid of Construction(CIAC).. If applicable, a final invoice Customer Initial Date:

65 or partial refund shall be issued to the Customer based upon deviations of actual costs in relation to the estimated customer contribution. CIAC payment to satisfy actual costs are nonrefundable. 9. Monthly Payment During the term of this Agreement, the Customer shall pay the Company monthly for the lighting services provided pursuant to Rate Schedule LS-1 as the rate schedule, which is on file with the Florida Public Service Commission, may be amended from time to time. All bills shall be due when rendered. The current monthly base charges for facilities installed under this agreement are $ Fuel and other adjustment clause charges and (where applicable) franchise fees and taxes per month under current tax rates pursuant to the Rate Schedule shall be $ The total monthly charge shall be $89.82 per month. If Applicable, Customer agrees to deposit with the Company, the additional cash sum of $170.00, which is equivalent to approximately two (2) months service under this Agreement, or upon acceptance if the Company so agrees, provide a surety bond or an irrevocable letter of credit from a bank, in favor of the Company in the same amount. The Company will annually credit the Customer s bill with an interest amount, at the rate currently approved by the Florida Public Service Commission, for cash deposits received. The currently authorized interest rate is 2%. The monthly charges specified in this agreement are tied to the tariff charges currently on file with the Florida Public Service Commission and may change during the term of this Agreement in accordance with filed changes to the relevant tariffs. 10. Term This Agreement shall be effective on the later of the dates indicated on the signature block ( Effective Date ) and shall remain in force for a primary term of ten (10) year(s) (the Primary Term ) beginning on the date one or more of the Equipment is installed and, if applicable, at least one light is energized and ready for use and shall continue thereafter for successive one year terms (each, a Renewal Term ) until terminated by either party upon providing the other party with ninety (90) days prior written notice of termination. 11. Limitation on Damages The Company will furnish electricity to operate the Equipment for dusk to dawn service or less, depending on the controlling device, each calendar year. The Company will use reasonable diligence at all times to provide continuous operation during the term. The Company shall not be liable to the Customer for any damages arising from causes beyond its control or from the negligence of the Company including, but not limited to, complete or partial failure or interruption of service, shut down for repairs or adjustments, delay in providing or restoring service, or for failure to warn of any interruption of service or lighting. 12. Outage Notification The Customer shall be responsible for monitoring the function of the Equipment and for notifying the Company of all Equipment outages. 13. Tree Trimming Customer Initial Date:

66 Failure of the Customer to maintain adequate clearance (e.g. trees and vegetation) around the Equipment may cause illumination obstruction and/or a delay in requested repairs or required maintenance. 14. Termination, Removal The Customer shall have the right to terminate this Agreement without any liability or obligation to the Company during the three (3) business day period following the Effective Date ( Initial Termination Period ), provided that written notice of such termination is received by the Company no later than the close of business on the third business day following the Effective Date. In addition, the Customer may terminate this Agreement during the period that commences at the close of the Initial Termination Period and ends at 5:00 p.m. on the business day immediately preceding the date on which installation of the Equipment at the Installation Site is scheduled to commence ( Final Termination Period ), provided that written notice of such termination is received by the Company no later than 5:00 p.m. on the business day immediately preceding the date on which installation of the Equipment commences and, provided further, that the Customer reimburses the Company for any costs incurred by the Company up to the time of the termination by the Customer. These costs include, but are not limited to, shipping and storeroom handling cost for items purchased pursuant to or in contemplation of the Agreement, restocking fees on returned purchases, the cost of purchased Equipment that cannot be returned, or in the Company s sole judgment, reasonably absorbed in current inventory, and engineering time. The Customer may not terminate this Agreement once installation of the Equipment has commenced. The company may, at its option and on five (5) days written notice to Customer, terminate this agreement in the event that: (a) the Customer fails to pay the Company for any of the services provided herein; (b) the Customer violates the terms of this agreement; (c) a petition for adjudication of bankruptcy or for reorganization or rearrangement is filed by Customer pursuant to any federal or state bankruptcy law or similar federal or state law; or (d) a trustee or receiver is appointed to take possession of the Installation Site (or if Customer is a tenant at the Installation Site, tenant s interest in the Installation Site) and possession is not restored to Tenant within thirty (30) days. If such termination occurs prior to the expiration of the Primary Term, the Customer agrees to pay the Company, as liquidated damages, an amount equal to the net present value of the monthly rate for each service taken, less all applicable fuel and other adjustment clause charges, and (where applicable) franchise fees and taxes, for each month of the unexpired Primary Term. 15. Easements The Property Owner covenants that it owns or controls the Installation Site and is authorized to grant the Company an easement to permit performance of the Agreement. The Customer and the Property Owner of the Installation Site, if other than the Customer (individually, the Grantor collectively, the Grantors ), hereby grant the Company a Non-exclusive Easement for ingress and egress over and under the Installation Site and for installation, inspection, operation, maintenance, repair, replacement, and removal of the Equipment. The Non-exclusive Easement shall terminate upon the Company s removal of the Equipment. The Equipment shall remain the Company s personal property, notwithstanding the manner or mode of its attachment to the Installation Site and shall not be deemed fixtures. Any claim(s) that the Company has or may hereafter have with respect to the Equipment shall be superior to any lien, right or claim of Customer Initial Date:

67 any nature that any Grantor or anyone claiming through Grantor now has or may hereafter have with respect to the Equipment by law, agreement or otherwise. In the event that this agreement is terminated pursuant to Paragraph 14 or expires pursuant to Paragraph 10, each of the Grantors expressly grants the Company or its assigns or agents the continued right of entry at any reasonable time to remove the Equipment, or any part hereof, from the Installation Site. The Grantors, individually or collectively, shall make no claim whatsoever to the Equipment or any interest or right therein. 16. Physical Attachments In no event shall the Customer, or any other Grantor, place upon or attach to the Equipment, except with the Company s prior written consent and as set forth in applicable Tampa Electric guidelines, any sign or device of any nature, or place, install or permit to exist, anything, including trees or shrubbery, which would interfere with the Equipment or tend to create a dangerous condition. The Company is hereby granted the right to remove, without liability, anything placed, installed, or existing in violation of this paragraph. Should such application to attach be made by a party other than the Customer, the initiating party shall obtain additional written approval from the Customer to attach to the specific Equipment as identified by the pole tag number. Such approval of the Customer must be provided to the Company before final approval is granted for physical attachment. 17. Insurance Customer, at his sole cost and expense, shall maintain insurance, in amounts and under policy forms satisfactory to Company at all times during the life of this Agreement. Failure to provide insurance in accordance with this Section shall constitute a material breach of this Agreement. 18. Amendments During the term of this Agreement, Company and Customer may amend or enter into additional addenda to the Agreement ( Addenda ) upon the mutual written agreement of both parties in the form of Addendum A hereto. 19. Light Trespass Customer acknowledges and agrees that the Customer is solely responsible for specifying the general location of the Equipment and the direction and orientation of the illumination provided thereby. The Company will not be required to install or continue to operate the Equipment at any location where the service may be or has become objectionable to others. If removal of any Equipment is the only practicable resolution of the objection, such removal will be deemed a termination prior to the expiration of the Primary Term as provided in Paragraph 15 and Customer promptly shall pay the Company the liquidated damages specified therein for the percentage or portion of the Equipment that must be removed. 20. Assignments This Agreement shall inure to the benefit of, and be binding upon, the respective heirs, legal representatives, successors and assigns of the parties hereto. This Agreement may be assigned by the Customer only with the Company s prior written consent. In the event of an Assignment, the assignee may be substituted herein for the Customer and/or other Grantor with respect to all Customer rights and obligations, but the initial Customer shall not be released from the obligations of this Agreement except by a separate writing from the Company in the Company s sole discretion. Customer Initial Date:

68 21. General No delay or failure by the Customer or the Company to exercise any right under this Agreement shall constitute a waiver of that or any other right, unless otherwise expressly provided herein. This Agreement shall be construed in accordance with and governed by the laws of the State of Florida. IN WITNESS WHEREOF, the parties, each of whom represents and warrants that he or she is duly authorized to execute this Agreement, have caused this instrument to be executed in due form of law. Customer: CHEVAL WEST CDD By/Title: VICE CHAIRPERSON Name (print): SCOTT HOSTLER Signature: Date: Phone #: Tampa Electric Company Representative: By/Title: Signature: Department: Date: Property Owner: CHEVAL WEST CDD By/Title: VICE CHAIRPERSON Name (print): SCOTT HOSTLER Signature: Date: Phone #: Tampa Electric Company Manager: By/Title: Signature: Department: Lighting Department Date: Work Request No Customer Initial Date:

69 L L L L L L L L SCHEDULE L SYMBOL LABEL QUANTITY DESCRIPTION LAMP LLF WATTAGE NOTES L 11 ATBS F Performance Package, 4K CCT Roadway Type II Multi v and 480v LED COB 4K MOUNTED AT 30' A.W.G. L L THIS MAP IS NOT TO SCALE. THE MAP IS A SCHEMATIC REPRESENTATION AND SHALL NOT BE RELIED UPON FOR ACCURATE LOCATIONS OF UNDERGROUND OR OVERHEAD FACILITIES. INFORMATION ON THIS MAP MAY NOT REFLECT THE CURRENT LOCATION OF UNDERGROUND FACILITIES OR INCLUDE ALL UNDERGROUND FACILITIES. NO WARRANTY OR GUARANTY, EXPRESSED OR IMPLIED, IS MADE AS TO COMPLETENESS, ACCURACY OR FITNESS FOR A PARTICULAR PURPOSE. USE OF THIS MAP IS AT THE RISK OF THE RECIPIENT WHO ASSUMES FULL RESPONSIBILITY THEREFORE. EXCAVATORS MUST COMPLY WITH CHAPTER 556, FLORIDA STATUTES, BEFORE AND DURING ANY EXCAVATION OR DEMOLITION. CALL SUNSHINE ONE CALL AT 811 OR TWO FULL BUSINESS DAYS PRIOR TO EXCAVATION. N DESIGNED BY: MARTINEZ STATUS: PRELIM. Innovative Thinking. Engineered Solutions. LAND O' LAKES, FL PHOTOMETRY DESIGN CHEVAL WEST CDD CHEMILLE DR LUTZ, FL WORK REQUEST: SHEET: DATE: 05/18/18 OF 1

70 L L L L L L L L SCHEDULE SYMBOL LABEL QUANTITY DESCRIPTION LAMP LLF WATTAGE NOTES L L 11 ATBS F Performance Package, 4K CCT Roadway Type II Multi v and 480v LED COB 4K MOUNTED AT 30' A.W.G STATISTICS L DESCRIPTION SYMBOL AVG MAX MIN MAX/MIN AVG/MIN ROAD AREA 0.8 fc 1.9 fc 0.4 fc 4.8:1 2.0: L THIS MAP IS NOT TO SCALE. THE MAP IS A SCHEMATIC REPRESENTATION AND SHALL NOT BE RELIED UPON FOR ACCURATE LOCATIONS OF UNDERGROUND OR OVERHEAD FACILITIES. INFORMATION ON THIS MAP MAY NOT REFLECT THE CURRENT LOCATION OF UNDERGROUND FACILITIES OR INCLUDE ALL UNDERGROUND FACILITIES. NO WARRANTY OR GUARANTY, EXPRESSED OR IMPLIED, IS MADE AS TO COMPLETENESS, ACCURACY OR FITNESS FOR A PARTICULAR PURPOSE. USE OF THIS MAP IS AT THE RISK OF THE RECIPIENT WHO ASSUMES FULL RESPONSIBILITY THEREFORE. EXCAVATORS MUST COMPLY WITH CHAPTER 556, FLORIDA STATUTES, BEFORE AND DURING ANY EXCAVATION OR DEMOLITION. CALL SUNSHINE ONE CALL AT 811 OR TWO FULL BUSINESS DAYS PRIOR TO EXCAVATION. N DESIGNED BY: MARTINEZ STATUS: PRELIM. Innovative Thinking. Engineered Solutions. LAND O' LAKES, FL PHOTOMETRY DESIGN CHEVAL WEST CDD CHEMILLE DR LUTZ, FL WORK REQUEST: SHEET: DATE: 05/18/18 OF 1