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

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

Agenda Page 2 February 20, 2019 University Place Inframark, Infrastructure Management Services 210 North University Drive, Suite 702 Coral Springs, Florida 33071 Telephone: (954) 603-0033 Fax: (954) 345-1292 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 34202. 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 2019-02, 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, 2019 5. 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

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

Third Order of Business Agenda Page 4

3A. Agenda Page 5

Agenda Page 6 From: Jane Lange <janewlange@gmail.com> Sent: Friday, February 15, 2019 4:09 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

3D. Agenda Page 7

Agenda Page 8 RESOLUTION 2019-02 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, 2019. Chairman Robert Nanni Secretary

Fourth Order of Business Agenda Page 9

4A. Agenda Page 10

Agenda Page 11 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 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 34202. 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

January 23, 2019 Agenda Page 12 University Place CDD 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 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 emails, 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, 2019. The post orders are in compliance with what the Board previously discussed in the meetings. UNAPPROVED 2

January 23, 2019 Agenda Page 13 University Place CDD 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 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

January 23, 2019 Agenda Page 14 University Place CDD 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 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

4B Agenda Page 15

Agenda Page 16 Financial Report January 31, 2019 Prepared by

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

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

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 300-300 Assessments Receivable 2,535 1,279 3,814 Allow-Doubtful Collections (2,535) (1,279) (3,814) Due From Other Funds - 258,271 258,271 Investments: Certificates of Deposit - 12 Months 329,480-329,480 Certificates of Deposit - 18 Months 130,459-130,459 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 200-200 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 265,552-265,552 TOTAL LIABILITIES 273,369-273,369 1

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 200-200 Restricted for: Debt Service - 380,651 380,651 Assigned to: Operating Reserves 166,506-166,506 Reserves - Culverts 33,114-33,114 Reserves - Fence/Monuments 140,043-140,043 Reserves - Gate 14,106-14,106 Reserves - Irrigation System 197,859-197,859 Reserves - Ponds 91,510-91,510 Reserves - Roadways 469,356-469,356 Reserves - Streetlights 16,230-16,230 Unassigned: 547,878-547,878 TOTAL FUND BALANCES $ 1,683,069 $ 380,651 $ 2,063,720 TOTAL LIABILITIES & FUND BALANCES $ 1,956,438 $ 380,651 $ 2,337,089 2

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 $ 650 42.61% Special Assmnts- Tax Collector 724,738 641,542 659,542 18,000 91.00% Special Assmnts- Discounts (28,991) (25,662) (25,246) 416 87.08% Other Miscellaneous Revenues - - 600 600 0.00% TOTAL REVENUES 702,747 618,213 637,879 19,666 90.77% 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 1,800 26.00% FICA Taxes 1,530 536 398 138 26.01% ProfServ-Engineering 6,000 2,000 287 1,713 4.78% ProfServ-Field Management 6,500 2,167 2,167-33.34% ProfServ-Legal Services 5,000 1,667 3,548 (1,881) 70.96% ProfServ-Mgmt Consulting Serv 46,400 17,600 15,467 2,133 33.33% ProfServ-Property Appraiser 10,871 9,604 9,515 89 87.53% ProfServ-Tax Collector 10,871 9,604 9,515 89 87.53% Auditing Services 6,000 1,500-1,500 0.00% Postage and Freight 500 167 239 (72) 47.80% Insurance - General Liability 8,261 8,261 9,044 (783) 109.48% Printing and Binding 700 233 130 103 18.57% Legal Advertising 2,000 - - - 0.00% Miscellaneous Services 1,500 500 3,340 (2,840) 222.67% Office Supplies 100 33-33 0.00% Subscriptions and Memberships 750 500 750 (250) 100.00% Conference and Seminars 2,600 1,500-1,500 0.00% Annual District Filing Fee 175 175 175-100.00% Total Administration 129,758 63,047 59,775 3,272 46.07% 3

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 25,068-33.33% Contracts-Roving Patrol 5,000 1,667-1,667 0.00% Electricity - Entrance 7,200 2,400 1,566 834 21.75% Utility - Water & Sewer 498 166 100 66 20.08% Insurance - Property 550 550 500 50 90.91% R&M-Gatehouse 6,000 2,000 7,456 (5,456) 124.27% Reserve - Gate 7,326 7,326 1,825 5,501 24.91% Total Other Public Safety 101,778 39,177 36,515 2,662 35.88% Landscape Services Contracts-Landscape 77,842 25,947 25,947-33.33% R&M-General 3,000 - - - 0.00% R&M-Renewal and Replacement 12,000 2,320-2,320 0.00% R&M-Streetlights 2,000 - - - 0.00% R&M-Wetland 1,000 - - - 0.00% Reserve - Culverts 3,664 - - - 0.00% Reserve - Ponds 10,988 - - - 0.00% Total Landscape Services 110,494 28,267 25,947 2,320 23.48% Irrigation Services Payroll-Irrigation Staff 6,240 2,080 1,049 1,031 16.81% Payroll - Bonus 500 500-500 0.00% FICA Taxes 516 172 80 92 15.50% Workers' Compensation 850 283-283 0.00% Contracts-Irrigation 74,970 24,990 24,990-33.33% Utility - Irrigation 24,000 8,000 9,569 (1,569) 39.87% 4

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 2,020-2,020 0.00% R&M-Irrigation 40,000 13,333 13,035 298 32.59% R&M-Pump Station 25,000 8,333 17,092 (8,759) 68.37% Reserves - Irrigation System 23,808 - - - 0.00% Total Irrigation Services 197,904 59,711 65,815 (6,104) 33.26% Road and Street Facilities R&M-Roads & Alleyways 2,500 833-833 0.00% R&M-Street Sweeping 1,000 333-333 0.00% Reserve - Roadways 101,571 - - - 0.00% Reserve - Streetlights 1,832 - - - 0.00% Total Road and Street Facilities 106,903 1,166-1,166 0.00% 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) 128.68% Reserve - Fence/Monuments 18,311 - - - 0.00% Total Common Area 55,911 12,533 35,611 (23,078) 63.69% TOTAL EXPENDITURES 702,748 203,901 223,663 (19,762) 31.83% 5

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 414,312 414,216 (96) 0.00% OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance - - - - 0.00% TOTAL FINANCING SOURCES (USES) - - - - 0.00% 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

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 $ 124 157.00% Special Assmnts- Tax Collector 312,481 189,636 284,331 94,695 90.99% Special Assmnts- Discounts (12,499) (9,804) (10,885) (1,081) 87.09% TOTAL REVENUES 300,082 179,865 273,603 93,738 91.18% EXPENDITURES Administration ProfServ-Arbitrage Rebate 600 - - - 0.00% ProfServ-Dissemination Agent 1,000 - - - 0.00% 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 7,585 - - - 0.00% Total Administration 18,559 4,000 8,204 (4,204) 44.20% Debt Service Principal Debt Retirement 135,000 67,500-67,500 0.00% Interest Expense 155,558 77,779 78,120 (341) 50.22% Total Debt Service 290,558 145,279 78,120 67,159 26.89% TOTAL EXPENDITURES 309,117 149,279 86,324 62,955 27.93% 7

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) 30,586 187,279 156,693-2072.82% OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance (9,035) - - - 0.00% TOTAL FINANCING SOURCES (USES) (9,035) - - - 0.00% Net change in fund balance $ (9,035) $ 30,586 $ 187,279 $ 156,693-2072.82% FUND BALANCE, BEGINNING (OCT 1, 2018) 193,372 193,372 193,372 FUND BALANCE, ENDING $ 184,337 $ 223,958 $ 380,651 8

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 361001 Interest - Investments $ 703 $ 853 $ 683 $ 743 $ 583 $ 583 $ 583 $ 583 $ 583 $ 583 $ 583 $ 583 $ 2,983 $ 4,667 $ 7,650 $ 7,000 109% 363010 Special Assmnts- Tax Collector - 110,072 510,850 38,620 21,333 7,110 31,999 15,644 7,110 - - - 659,542 83,196 742,738 724,738 102% 363090 Special Assmnts- Discounts - (4,167) (19,958) (1,121) (855) (284) (1,280) (625) (285) - - - (25,246) (3,329) (28,575) (28,991) 99% 369900 Other Miscellaneous Revenues - 600 - - - - - - - - - - 600-600 - 0% Total Revenues 703 107,358 491,575 38,242 21,061 7,409 31,302 15,602 7,408 583 583 583 637,879 84,534 722,413 702,747 103% Expenditures Administrative 511001 P/R-Board of Supervisors 1,000 2,000 800 1,400 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% 521001 FICA Taxes 77 153 61 107 153 77 153 153 153 77 77 153 398 995 1,393 1,530 91% 531013 ProfServ-Engineering - 188 500 (401) 500 500 500 500 500 500 500 500 287 4,000 4,287 6,000 71% 531016 ProfServ-Field Management 542 542 542 542 542 542 542 542 542 542 542 542 2,167 4,333 6,500 6,500 100% 531023 ProfServ-Legal Services - 516 1,097 1,935 417 417 417 417 417 417 417 417 3,548 3,333 6,881 5,000 138% 531027 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% 531035 ProfServ-Property Appraiser - 1,589 7,363 563 320 127 480 234 106 - - - 9,515 1,267 10,782 10,871 99% 531042 ProfServ-Tax Collector - 1,589 7,363 562 320 127 480 234 106 - - - 9,515 1,267 10,782 10,871 99% 532002 Auditing Services - - - - 4,500 - - - - - - - - 4,500 4,500 6,000 75% 541006 Postage and Freight 48 110 70 11 42 42 42 42 42 42 42 42 239 333 572 500 114% 545002 Insurance - General Liability 9,044 - - - - - - - - - - - 9,044-9,044 8,261 109% 547001 Printing and Binding 74 37 18 2 58 58 58 58 58 58 58 58 130 467 597 700 85% 548002 Legal Advertising - - - - 2,000 - - - - - - - - 2,000 2,000 2,000 100% 549001 Miscellaneous Services 5 135 3,200-125 125 125 125 125 125 125 125 3,340 1,000 4,340 1,500 289% 551002 Office Supplies - - - - 8 8 8 8 8 8 8 8-67 67 100 67% 554001 Subscriptions and Memberships - 750 - - 250 - - - - - - - 750 250 1,000 750 133% 554002 Conference and Seminars - - - - 1,100 - - - - - - - - 1,100 1,100 2,600 42% 554007 Annual District Filing Fee 175 - - - - - - - - - - - 175-175 175 100% 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 66,712 126,487 129,758 97% Report Date: 2/15/2019 9

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 534037 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 75,204 100% 534099 Contracts-Roving Patrol 417 (417) - - 417 417 417 417 417 417 417 417-3,333 3,333 5,000 67% 543008 Electricity - Entrance 393 418 418 338 600 600 600 600 600 600 600 600 1,566 4,800 6,366 7,200 88% 543021 Utility - Water & Sewer 42 (3) 33 29 42 42 42 42 42 42 42 42 100 332 432 498 87% 545001 Insurance - Property 500 - - - - - - - - - - - 500-500 550 91% 546035 R&M-Gatehouse 1,102 575 611 5,169 500 500 500 500 500 500 500 500 7,456 4,000 11,456 6,000 191% 568090 Reserve - Gate - 495 1,330 - - - - - - - - - 1,825-1,825 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 99,116 101,778 97% Landscape Services 534050 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 77,842 100% 546001 R&M-General - - - - - - - - - - - 3,000-3,000 3,000 3,000 100% 546002 R&M-Renewal and Replacement - - - - - - 7,578 - - - - 2,102-9,680 9,680 12,000 81% 546095 R&M-Streetlights - - - - - - 406 - - - - 1,594-2,000 2,000 2,000 100% 546109 R&M-Wetland - - - - - - - - - - - 1,000-1,000 1,000 1,000 100% 568050 Reserve - Culverts - - - - - - - - - - - 3,664-3,664 3,664 3,664 100% 568126 Reserve - Ponds - - - - - - - - - - - 10,988-10,988 10,988 10,988 100% 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 82,227 108,174 110,494 98% Irrigation Services 512013 Payroll-Irrigation Staff 274 304 276 195 520 520 520 520 520 520 520 520 1,049 4,160 5,209 6,240 83% 515001 Payroll - Bonus - - - - - - - - - - - - - - - 500 0% 521001 FICA Taxes 21 23 21 15 43 43 43 43 43 43 43 43 80 344 424 516 82% 524001 Workers' Compensation - - - - 71 71 71 71 71 71 71 71-567 567 850 67% 534073 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 74,970 100% 543014 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 24,000 107% 545001 Insurance - Property - - - - - - - - - - - - - - - 2,020 0% 546041 R&M-Irrigation 7,164 2,062 869 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% 546075 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 25,000 135% 568098 Reserves - Irrigation System - - - - - - - - - - - 23,808-23,808 23,808 23,808 100% 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 65,815 138,193 204,008 197,904 103% Report Date: 2/15/2019 10

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 546081 R&M-Roads & Alleyways - - - - 208 208 208 208 208 208 208 208-1,667 1,667 2,500 67% 546093 R&M-Street Sweeping - - - - 83 83 83 83 83 83 83 83-667 667 1,000 67% 568138 Reserve - Roadways - - - - - - - - - - - 101,571-101,571 101,571 101,571 100% 568170 Reserve - Streetlights - - - - - - - - - - - 1,832-1,832 1,832 1,832 100% Total Road and Street Facilities - - - - 291 291 291 291 291 291 291 103,694-105,737 105,737 106,903 99% Common Area 546001 R&M-General 19,336 3,506 468 7,154 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 30,464 22,400 52,864 33,600 157% 549027 Misc-Holiday Decor 1,494-3,653-333 333 333 333 333 333 333 333 5,147 2,667 7,814 4,000 195% 568082 Reserve - Fence/Monuments - - - - - - - - - - - 18,311-18,311 18,311 18,311 100% 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 55,911 141% Total Expenditures 69,982 42,220 54,293 57,177 47,970 38,658 48,424 39,948 39,692 38,404 38,404 207,350 223,663 498,848 722,511 702,748 103% Excess (deficiency) of revenues Over (under) expenditures (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) 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% 391000 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: 2/15/2019 11

Agenda Page 30 Supporting Schedules January 31, 2019

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 $1,037,221.41 $724,740.87 $312,480.54 Allocation % 100.00% 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 1,981 137,388 98,747 38,642 12/01/18 582,732 24,281 9,011 9,011 625,035 434,573 190,462 12/09/18 102,783 4,283 1,589 1,589 110,245 76,277 33,967 01/02/19 51,850 1,604 802 802 55,057 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 $ 93,349.39 $ 65,198.74 $ 28,149.69 Report Date: 2/20/2019 12

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 09/12/19 1.80% $130,708 (1) Certificate of Deposit - 12 Months Bank United 03/12/19 1.55% $130,459 (2) Certificate of Deposit - 12 Months Bank United 04/19/19 1.55% $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: 2/15/2019 13

University Place CDD Bank Reconciliation Agenda Page 33 Bank Account No. 5773 Statement No. 01-19 Statement Date 1/31/2019 Northern Trust N.A. - GF G/L Balance (LCY) 182,827.12 G/L Balance 182,827.12 Positive Adjustments 0.00 Subtotal 182,827.12 Negative Adjustments 0.00 Statement Balance 191,766.85 Outstanding Deposits 0.00 Subtotal 191,766.85 Outstanding Checks 8,939.73 Differences 0.00 Ending G/L Balance 182,827.12 Ending Balance 182,827.12 Difference 0.00 Posting Date Document Type Document No. Description Amount Cleared Amount Difference Outstanding Checks 11/21/2018 Payment 12856 TOTAL LANDSCAPE CARE IRRIGATION 426.00 0.00 426.00 1/25/2019 Payment 12890 FRANK J. INGRASSIA 184.70 0.00 184.70 1/31/2019 Payment 12896 ACTION SECURITY INC 1,495.00 0.00 1,495.00 1/31/2019 Payment 12897 INFRAMARK, LLC 4,422.03 0.00 4,422.03 1/31/2019 Payment 12898 SARASOTA HOME CARE 2,412.00 0.00 2,412.00 Total Outstanding Checks... 8,939.73 8,939.73 14

Fifth Order of Business Agenda Page 34

5B. Agenda Page 35

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:

Agenda Page 37 Supporting Budget Schedule Fiscal Year 2020

Agenda Page 38 Table of Contents Page # OPERATING BUDGET General Fund Summary of Revenues, Expenditures and Changes in Fund Balances.. 1-2 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.... 11

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 735,745 724,738 659,542 65,196 724,738 731,988 Special Assmnts- Discounts (26,264) (28,991) (25,246) (652) (25,898) (29,280) Other Miscellaneous Revenues 4,438-600 - 600 - TOTAL REVENUES 725,086 702,747 637,879 70,510 708,389 711,208 EXPENDITURES Administrative P/R-Board of Supervisors 20,200 20,000 5,200 14,800 20,000 20,000 FICA Taxes 1,545 1,530 398 1,132 1,530 1,530 ProfServ-Engineering 4,969 6,000 287 5,000 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 9,515 978 10,493 10,980 ProfServ-Tax Collector 6,146 10,871 9,515 978 10,493 10,980 Auditing Services 6,000 6,000-6,000 6,000 6,000 Postage and Freight 901 500 239 332 571 500 Insurance - General Liability 7,510 8,261 9,044-9,044 9,948 Printing and Binding 570 700 130 468 598 700 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 3,950 - - - - - Office Supplies 233 100-68 68 100 Subscriptions and Memberships - 750 750-750 750 Conferences and Seminars - 2,600 - - 2,600 2,600 Annual District Filing Fee 175 175 175-175 175 Total Administrative 124,572 129,758 59,775 75,117 137,493 133,055 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 429 498 100 332 432 498 Insurance - Property 500 550 500-500 550 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 148,044 101,778 36,515 60,851 97,366 108,961 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 2020 1

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 - - - 3,664 Reserve - Ponds - 10,988 - - - 10,988 Total Landscape 93,099 110,494 25,947 69,895 95,842 110,494 Irrigation Services Payroll-Irrigation Staff 5,066 6,240 1,049 1,040 2,089 6,240 Payroll - Bonus 500 500 - - - 500 FICA Taxes 388 516 80 80 160 516 Workers' Compensation 834 850 - - - 850 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 2,020 - - - - 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 - - - 23,808 Total Irrigation Services 187,988 197,904 65,815 53,443 119,258 195,884 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 179,284 101,571 - - - 101,571 Reserve - Streetlights - 1,832 - - - 1,832 Total Road and Street Facilities 179,909 106,903-3,500 3,500 106,903 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 - - - 18,311 Total Common Area 62,561 55,911 35,611 13,136 48,747 55,911 TOTAL EXPENDITURES 796,173 702,748 223,663 275,942 502,206 711,208 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 2020 2

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 2020 - 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 2020 3

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 197.162, 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 2020 4

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 2020 5

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 2020 6

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 2020 7

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 2020 8

Agenda Page 47 Debt Service Budget Fiscal Year 2020

Agenda Page 48 2008 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 312,481 312,481 284,331 28,150 312,481 312,481 Special Assmnts- Discounts (11,126) (12,499) (10,885) (845) (11,730) (12,499) TOTAL REVENUES 301,858 300,082 273,603 27,402 301,005 300,082 EXPENDITURES Administrative ProfServ-Arbitrage Rebate 600 600-600 600 600 ProfServ-Dissemination Agent 2,000 1,000-1,000 1,000 1,000 ProfServ-Property Appraiser 4,520 4,687 4,102 422 4,524 4,687 ProfServ-Tax Collector 2,610 4,687 4,102 422 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 130,000 135,000-135,000 135,000 145,000 Interest Expense 161,859 155,558 78,120 77,438 155,558 149,225 Total Debt Service 291,859 290,558 78,120 212,438 290,558 294,225 TOTAL EXPENDITURES 305,926 309,117 86,324 222,467 308,791 313,922 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 197,440 193,372 193,372-193,372 185,586 FUND BALANCE, ENDING $ 193,372 $ 184,337 $ 380,651 $ (195,066) $ 185,586 $ 171,745 Annual Operating and Debt Service Budget Fiscal Year 2020 9

Agenda Page 49 2008 Debt Service Fund Debt Amortization Schedule Series 2008 Special Assessment Bonds Date Principal Coupon Interest Debt Service Annual DS 11/1/2019 74,822 74,822 287,260 5/1/2020 145,000.00 4.780% 74,403 219,403 11/1/2020 71,279 71,279 290,682 5/1/2021 150,000.00 4.780% 70,709 220,709 11/1/2021 67,614 67,614 288,324 5/1/2022 160,000.00 4.780% 67,104 227,104 11/1/2022 63,705 63,705 290,810 5/1/2023 165,000.00 4.780% 63,259 228,259 11/1/2023 59,674 59,674 287,933 5/1/2024 175,000.00 4.780% 59,421 234,421 11/1/2024 55,399 55,399 289,819 5/1/2025 180,000.00 4.780% 55,088 235,088 11/1/2025 51,001 51,001 286,089 5/1/2026 190,000.00 4.780% 50,762 240,762 11/1/2026 46,359 46,359 287,121 5/1/2027 200,000.00 4.780% 46,196 246,196 11/1/2027 41,473 41,473 287,669 5/1/2028 210,000.00 4.780% 41,417 251,417 11/1/2028 36,343 36,343 287,760 5/1/2029 220,000.00 5.500% 36,343 256,343 11/1/2029 30,293 30,293 286,635 5/1/2030 230,000.00 5.500% 30,293 260,293 11/1/2030 23,968 23,968 284,260 5/1/2031 245,000.00 5.500% 23,968 268,968 11/1/2031 17,230 17,230 286,198 5/1/2032 260,000.00 5.500% 17,230 277,230 11/1/2032 10,080 10,080 287,310 5/1/2033 50,000.00 5.600% 10,080 60,080 11/1/2033 8,680 8,680 68,760 5/1/2034 55,000.00 5.600% 8,680 63,680 11/1/2034 7,140 7,140 70,820 5/1/2035 60,000.00 5.600% 7,140 67,140 11/1/2035 5,460 5,460 72,600 5/1/2036 60,000.00 5.600% 5,460 65,460 11/1/2036 3,780 3,780 69,240 5/1/2037 65,000.00 5.600% 3,780 68,780 11/1/2037 1,960 1,960 70,740 5/1/2038 70,000.00 5.600% 1,960 71,960 11/1/2038 71,960 Annual Operating and Debt Service Budget Fiscal Year 2020 10