North River Ranch Community Development District
12051 Corporate Blvd., Orlando, FL 32817
Phone: 407-723-5900, Fax: 407-723-5901
www.northriverranchcdd.com

The meeting of the Board of Supervisors for the North River Ranch Community Development District will be held Wednesday, December 11, 2019 at 1:00 p.m. at 8141 Lakewood Main Street, Bradenton, FL 34202. The following is the agenda for this meeting.

Call in number: 1-844-621-3956 (New) Passcode: 790 562 990 # (New)

 BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Call to Order
Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

General Business Matters

Consideration of the Minutes of the November 13, 2019 Board of Supervisors’ Meeting
Ratification of Funding Requests 2020-04 – 2020-08
Review of District Financial Statements

Other Business
Staff Reports
District Counsel
District Engineer
District Manager

Audience Comments
Supervisors Requests

Adjournment

North River Ranch Community Development District

Consideration of the Minutes of the November 13, 2019 Board of Supervisors’ Meeting

MINUTES OF MEETING

NORTH RIVER RANCH COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Wednesday, November 13, 2019 8141 Lakewood Main Street Bradenton, FL 34202
1:00 PM

Board Members present at roll call:

Pete Williams	Chairperson
Priscilla Heim	Assistant Secretary
John Blakley	Assistant Secretary
Dale Weidemiller	Assistant Secretary

Also Present:

Vivian Carvalho	District Manager- PFM Group Consulting, LLC Venessa Ripoll	PFM Group Consulting, LLC
Ed Vogler	District Counsel-Vogler Ashton	(via phone) Christopher Fisher	District Engineer-Clearview Land Design, P.L. (via phone)
Tom Panaseny	Neal Communities
Tim Pearson	Neal Communities
Jim Schier	Neal Communities
Misty Taylor	Bond Counsel-Bryant Miller Olive
Ed Bulleit	Underwriter-MBS Capital Markets

FIRST ORDER OF BUSINESS	Organizational Matters Call to Order and Roll Call
Ms. Carvalho called to order at 2:12 pm the meeting of the Board of Supervisors of the
North River Ranch Community Development District and proceeded with roll call. The persons in attendance are outlined above.

Public Comment Period

There were no members of the public present at this time.

SECOND ORDER OF BUSINESS	General Business Matters

Consideration of the Minutes of the October 9, 2019 Board of Supervisors’ Meeting

The Board reviewed the Minutes of the October 9, 2019 Board of Supervisors’ Meeting.

On MOTION by Mr. Williams, seconded by Ms. Heim, with all in favor, the Board approved the Minutes of the October 9, 2019 Board of Supervisors’ Meeting.

Consideration of Resolution 2020- 01, Annual Appropriations and Adopting the Revised Budget for Fiscal Year 2019

Ms. Carvalho presented Resolution 2020-01 to the Board for consideration.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board approved Resolution 2020-01, Annual Appropriations and Adopting the Revised Budget for Fiscal Year 2019.

Ratification of Funding Requests 2019-37 & 2020-01 – 2020-03

Ms. Carvalho presented Funding Requests 2019-37 & 2020-01 – 2020-03.

On MOTION by Mr. Weidemiller, seconded by Mr. Williams, with all in favor, the Board ratified Funding Requests 2019-37 & 2020-01 – 2020-03.

Review	of	District	Financial Statements.

The Board reviewed the District’s Financial Statements through October 31, 2019, the first month of the new fiscal year.

On MOTION by Mr. Williams, seconded by Mr. Weidemiller, with all in favor, the Board accepted the District Financial Statements.

THIRD ORDER OF BUSINESS	Other Business Staff Reports
District Counsel – No Report

District Engineer –Mr. Fisher stated that he is working on the Engineer’s Report and will have a draft copy available for December 11, 2019.

District Manager – The next meeting is scheduled for December 11, 2019.

FOURTH ORDER OF BUSINESS	Audience Comments and Supervisor Requests

There were no audience comments and or Supervisors request.

FIFTH ORDER OF BUSINESS	Adjournment

Ms. Carvalho requested a motion to adjourn.

ON MOTION by Mr. Williams, seconded by Ms. Heim, with all in favor, the Board adjourned the November 13, 2019 Board of Supervisor’s Meeting for the North River Ranch Community Development District at 2:15 p.m.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

North River Ranch Community Development District

Ratification of Funding Requests 2020-04 – 2020-08

North River Ranch Community Development District
Funding Request 2020-04—2020-08

2020-04	Vogler Ashton	$3,382.50	
2020-05	PFM	$1,791.67	
2020-06	Ammerritt	$975.00	
2020-07	PFM Group - $7.00 Supervisor fee- $ 800.00	$807.00	
2020-08	Clearview	$3,597.50	

North River Ranch Community Development District

Funding Request 2020-04
10/25/2019

Item
No.

Payee	Invoice#

General Fund

1	Vogler Ashton
General Legal 09/01/2019 - 09/30/2019 General Legal 10/01/2019-10/15/2019

4962
4962

$  2,948.00	FY 2019
$	434.50	
$ 3,382.50

TOTAL

2,948.00
 	434.50	

1l	�	
Secretary/Assistant Secretary	Chairman

Return to:
North River Ranch COD c/o Fishkind & Associates 12051 Corporate Boulevard
Orlando, FL 32817
{407) 382-3256

Page 1 of 1

RECEIVED OCT 2 8 2019

Vogler Ashton, PLLC
705 10th Avenue West, Unit 103
Palmetto, Florida  34221
Phone·  941-304-3400

North River Ra_n ch CQD 5800 Lakewood Ranch Blvd.
Sarasota FL 34240
us
Attn: District Manager

District Counsel

RECEIVED OCT 2 2 2019

Page: 1
10/22/2019
Account No:	1-36120
Statement No:	4962

For Legal Services Rendered September 1, 2019, through October 15, 2019 (45-day billing cycle)

	Previous Balance

Fees	

Hours	$2,002.50	
08/01/2019				
EV	Review DEO invoice and data letter to J. Gaskins DEO: letter to			
	District Manager	0.30	126.00	
08/14/2019				
EV	Review agenda and attend Board meeting	0.50	210.00	
09/01/2019				
KA	Assist with reviewing and formulating protocol for standard COD construction and contracts using AIA forms with COD addendum	
0.60	
237.00	
09/06/2019				
KA	Review various contracts being proposed for approval by COD;			
	Analyze issues ; Respond with recommendation for AIA contract use			
	and COD addendum	1.20	474.00	
09/25/2019
KA	
Review draft agenda	
0.30	
118.50	
09/26/2019				
KA	Review file and status of various contracts and approval by COD;			
	Respond to various questions from District Manager, District
Engineer and Developer Representative	
0.70	
276.50	
EV	Review status of Board matters	0.20	84.00	
09/27/2019				
KA	Review standard AIA contracts for COO generalized use : Prepare			

-  -·-=  	

North River Ranch COD District Counsel

Account No: Statement No.

Page: 2
10/22/2019
1-36120
4962

		Hours		
	standard COD addendum to contracts	2.40	948 .00	
09/30/2019
KA	
Revise and edit COD addendum to AIA construction contracts	
1.20	
474.00	
10/03/2019
KA	
Review agenda and document;sReview ADA services agreement	
0.80	
316.00	
10/08/2019
KA	
Review final revised Agenda Packet	
-0·.3-0	
 	118.50	

For Current Services Rendered

TJmekefil.)er Edward Vogler 11 Kimberly Ashton

Recapitulation

J:IO.W.§
1.00
7.50

8.50	3,382 .50

Rat	T..Q !
$420.00	$420 .00
395.00	2,962.50

10/21/2019
10/21/2019

Total Current Work

Payment Payment
Total Payments Balance Due

fayments

3,38 2 50

-553.00
-1,449.50
-2,002.50

$3,382.50

Payments Due Upon Receipt Please

North River Ranch Community Development District

Funding Request 2020-05
11/1/2019

Item No.

Payee	Invoice#	General
Fund

1	PFM Group Consulting DM Fee: October 2019 Website Fee: October 2019

DM-10-2019-0054 DM-10-2019-0055

$   1,666.67

$	125.00

$  1,791.67

TOTAL

I	-	FY20 1 9 

EM1Li;

1,791.67

 L		 	
Secretary/Assistant Secretary	Chairman

Return to:
North River Ranch COD
c/o Fishkind & Associates
12051 Corporate Boulevard
Orlando, FL 32817
(407) 382-3256

Page 1 of 1

RECEIVED NOV O 4 2019

pfm

Date		Invoice Number October 29, 2019	DM-10-2019-0054
Payment Terms		Due Date Upon Receipt	October 29, 2019

Bill To:	'

Company Address:
1735 Market Street

North River Ranch Community Development District c/o PFM Group Consulting District Accounting Department
12051 Corporate Blvd
Orlando, FL 32817 United States of America

RECEIVED OCT 3 0 2019

43rd Floor
Philadelphia, PA 19103
+1 (215) 567-6100

Federal Tax ID: 81-1642478

Remittance Options:
Via ACH /preferred):	�

Via Mail:
PFM Group Consulting LLC PO Box 65126
Baltimore, MD 21264-5126 United States of America

RE:	District Management Fee: October 2019

Total Amount Due

$1,666.67

1	of	1

pfm

Date		Invoice Number October 29, 2019	DM-10-2019-0055
Payment Terms		Due Date Upon Receipt	October 29, 2019

Bill To:

North River Ranch Community Development District c/o PFM Group Consulting District Accounting Department
12051 Corporate Blvd
Orlando, FL 32817 United States of America

Remittance Options:
Via ACH (preferred}:	Via Wire:

RE:	Website Fee - October 2019

Total Amount Due

RECEIVED OCT 3 0 2019

Company Address:
1735 Market Street 43rd Floor
Philadelphia, PA 19103
+1 (215) 567-6100

Federal Tax ID: 81-1642478

�
PFM Group Consulting LLC
PO Box 65126
Baltimore, MD 21264-5126 United States of America

1	of	1

North River Ranch Community Development District

Funding Request 2020-06
11/8 /2019

Item
No.

Payee	Invoice#	General Fund

Construction Fund

1	Amerritt
Compute Subdivision Layout for Design	19-343	$	975.00	

$	$	975.00

IL
Secretary/Assistant Secretary

CV	"/- - /
Chairman

975.00

FY 2019
-,;a;
@f..l !!Jh i

Return to:
North   River   Ranch   COD CJO F ishkind & Associates 12051 Corporate Boulevard
Orlando, FL 32817
(407) 382-3256

Page 1 of 1

RECEIVED NOV 1 1 2019

RMERRITT, INC.
LAND SURVEYING & MAPPING
3010 W. Azeele Street, Suite 150
Tampa, FL 33609
Bus. Phone: 813-221-5200

Contract Invoice

Date	Invoice#	
10/28/2019	19-343	

North River Ranch COD c/o/ Tom Panaseny
5800 Lakewood Ranch Blvd. Sarasota, Florida 34240

Bill To

Project Description
North River Ranch Misc. Services

	Project	
	
AMI-NLV-NRR-0 ...	
Item	Description	Amount	
Subdivision Layout	Compute Subdivision Layout for Design

10/17/2019 Art Merritt 6.5 Hours x $ 150.00/hr. = $ 975.00

Contract Amount= Hourly (Not to exceed$ 20,000.00 without prior client authorization)

Contract Amount	= $ 20,000.00

Invoice 19-182	- $   4,650.00 (23% Billed)
Invoice 19-211	- $ 4,050.00 (44% Billed)
Invoice 19-251	- $   2,775.00 (57% Billed)
Invoice 19-287	- $ 1,500.00 (65% Billed)
This Invoice	- $	975.00 (70% Billed)	975.00	
	Remaining Contract Balance = $ 6,050.00			
	Total	$975.00	

RECEIVED NOV O 6 2019

North River Ranch Community Development District

Funding Request 2020-07
11/15/2019

Item
No.

Payee	Invoice#	General Fund

PFM Group Consulting
Reimbursables: September 2019

Supervisor Fees -11/13/2019 Meeting
Dale Weidermiller Priscilla Heim Pete Williams John Blakley

OE-EXP-00455	$	7.00

$	200.00
$	200 .00
$	200.00
$	200.00

FY 2019

FY200'0
 	FY 2020	

$	807.00

7.00	FY 2019

 	800.00	FY 202:0	

�	
Secretary/ Assistant Secretary	Chairman

Return to:
North River Ranch CDD
c/o Fishkind & Associates 12051 Corporate Boulevard
Or1ando, FL 32817
(407) 382-3256

Page 1 of 1

RECEIVED NOV 1 8 2019

pfm

Bill To:

North River Ranch Community Development District c/o PFM Group Consulting District Accounting Department

Orlando, FL 32817

12051 Corporate Blvd
United  States of America	RECEIVED NOV 1 1 2019
Remittance Options:
Via ACH [preferred}:	Via Wire:

RE:	September 2019 Postage - $7.00

Total Amount Due

Date	Invoice Number October 22, 2019	OE-EXP-00455
Payment Terms		Due Date Upon Receipt	October 22, 2019

Company Address:
1735 Market Street 43rd Floor Philadelphia, PA 19103
+1 (215) 567-6100

Federal Tax ID: 81-1642478

�
PFM Group Consulting LLC
PO Box 65126
Baltimore, MD 21264-5126 United States of America

1	of	1

pitney bowes.o

Account Summary Report

Date Range: September 1, 2019 to September 31, 2019
Meter Group: All Meters
Meter 1WOO - 1376538 OLD at ORLANDO, FL
Meter 4WOO - 0347354 at ORLANDO, FL	
Meter Details
-.l.!l!3ltlllD.	1 · Matarrgme
4WOO - 0347354

lsertal ffYrnbecI PhP_Afrnl•nt nuroni;I
0347354	24978470

I WOO - 1376538 OLD 1376538	24978470

Account Summary
Account	Sub Account
North River Ranch COD

p	tatalehargad- -1
14	$7.000

Grand Total	$7.000

North River Ranch COMMUNITY DEVELOPMENT DISTRICT

Date of Meeting: November 13, 2019

($200.00 per Supervisor per Meeting)

Board Members:	Present	Absent	Fee
Dale Weidermiller	Jj:;Jc:D.(5U
Priscilla Heim	 	Jp .c,_)
Pete Williams	 	/	Jl,c9(X),cD	
John Blakley	$c)cj)o0

Ivory Matthews

 	
Total:	J'.b 25QO,OD

u	

Approved For Payment:

Chairman/Secretary

November 13, 2019
Date

RECEIVED NOV 1 4 2019

North River Ranch Community Development District

Funding Raqll8'Sl 20.20-Cl8
11122t20rn

II.em No.

1

Payee

C:laarwlew land Daeilgn
Maater Uttlrty Plens Tnroogh 11/1512019 General Sen4ce11 Through 11J15,l2019

rorAL

G.efleral	Conatrucaoo
Fond	F1.1no	 	

$	3,500.00	.Y'
s	97.5D	ff::illlri9
97.50      $	3,SOO.oo

97.50

3,500_{]0

$	3.,6117.50

Sec,--e.t Etf)ll'A.!IBlBtanl SeaelBI)'	ChBlmB

Reb..J,n to:
Nofih, Riwet Rtlr'lch  CilO Gib Fidikifid & Associab!s t2>!1li1 Ct:w e Baull!!Watd 0, • ndo. Fl 32817
(.tl)71382-J21i6

Page-1 of 1

RECEIVED NOV 2 5 2019

Clearview
LAND  DESIGN, P.L.

Clearview Land Design
3010 W. Azeele Street, Suite 150
Tampa, Florida 33609
813-223-3919
North River Ranch Community Development District	Invoice number	19-02224
North River RanchCDD Accounts Payable Amanda Lane	Date	11/15/2019 12051 Corporate Blvd
Orlando, FL 32817	Project NR NORTH RIVER RANCH (MOCCASIN WALLOW) (HAVAL FARMS)

Contract
Description	Amount	Percent
Complete	Total Billed	
Remaining	Remaining
Percent	Prior
Billed	Current
Billed	
CDD Master Utility Plans
CDD-NR-004 Master	35,000.00
Utility Plans	
30.00	
10,500.00	
24,500.00	
70.00	
7,000.00	
3,500.00	
Subtotal	35,000.00	30.00	10,500.00	24,500.00	70.00	7,000.00	3,500.00	
Total	35,000.00	30.00	10,500.00	24,500.00	70.00	7,000.00	3,500.00	
							
					Invoice total	3,500.00	

Aging Summary
Invoice Number	

Invoice Date	

Outstandin	

Current	

Over30	

Over 60	

Over90	

Over120	
19-01839	09/13/2019	3,500.00			3,500.00			
19-02049	10/11/2019	3,500.00		3,500.00				
19-02224	11/15/2019	3,500.00	3,500.00					
	Total	10,500.00	3,500.00	3,500.00	3,500.00	0.00	0.0.0	

Terms: Net30

North River Ranch Community Development District	Invoice number 19-02224
Page 1

Invoice date 11/15/2019

Clearview
LAND  DESIGN, P.L.

Clearview Land Design
3010 W. Azeele Street, Suite 150
Tampa, Florida 33609
813-223-3919

North River Ranch Community Development District North River RanchCDD Accounts Payable Amanda Lane 12051 Corporate Blvd

Invoice number Date

19-02226
11/15/2019

Orlando, FL 32817

Terms: Net 30

North River Ranch CDD Services CDD-NR-001 CDD Services LABOR

Project Time Chris M. Fisher

Project NR NORTH RIVER RANCH (MOCCASIN WALLOW) (HAVAL FARMS)

Billed
 	Date	Hours	Rate	Amount 

COD Call

11/13/2019

Phase subtotal North River Ranch CDD Services subtotal

0.50	195.00	97.50

97.50

97.50

Aging Summary
Invoice Number	
Invoice Date	
Outstanding	
Current	
Over30	
Over 60	
Over 90	
Over120	
19-01841	09/13/2019	1,675.00			1,675.00			
19-02051	10/11/2019	1,425.05		1,425.05				
19-02226	11/15/2019	97.50	97.50					
	Total	3,197.55	97.50	1,425.05	1,675.00	0.00	0.00	

Invoice total	97.50

North River Ranch Community  Development District	Invoice number 19-02226
Page 1

Invoice date 11/15/2019

North River Ranch Community Development District

Review of District Financial Statements

	Fieldstone CDD	
	Statement of Financial Position	
	As of 11/30/2019	
	
General Fund	
Debt Service Fund	
Construction Fund	
	
Assets	
Current Assets		
General Checking Account	$40,161.46	
Accounts Receivable - Due from Developer	16,724.86	
Debt Service Reserve (Series 2019)	$166,058.44	
Revenue (Series 2019)	55,842.11	
Capitalized Interest (Series 2019)	160,304.19	
Acquisition/Construction (Series 2019)	$8,100,549.29	
Cost of Issuance (Series 2019)	8,298.90	
Total Current Assets	$56,886.32	$382,204.74	$8,108,848.19	

Investments		
Amount Available in Debt Service Funds		
Amount To Be Provided		
Total Investments	$0.00	$0.00	$0.00	
Total Assets	$56,886.32	$382,204.74	$8,108,848.19	

Liabilities and Net Assets	
Current Liabilities		
Accounts Payable	$25,660.50	
Deferred Revenue	16,724.86	
Accounts Payable	$761,300.68	
Retainage Payable	726,026.60	
Total Current Liabilities	$42,385.36	$0.00	$1,487,327.28	

Long Term Liabilities		
Revenue Bonds Payable - Long-Term		
Total Long Term Liabilities	$0.00	$0.00	$0.00	
Total Liabilities	$42,385.36	$0.00	$1,487,327.28	

Net Assets		
Net Assets - General Government	$40,150.29	
Current Year Net Assets - General Government	(25,649.33)	
Net Assets - General Government	$326,362.63	
Current Year Net Assets, Unrestricted	55,842.11	
Net Assets, Unrestricted	$7,430,116.34	
Current Year Net Assets, Unrestricted	(808,595.43)	
Total Net Assets	$14,500.96	$382,204.74	$6,621,520.91	
		
Total Liabilities and Net Assets	$56,886.32	$382,204.74	$8,108,848.19	

$0.00		$40,161.46 16,724.86
166,058.44
55,842.11
160,304.19
8,100,549.29
8,298.90
$8,547,939.25	

$382,204.74 12,882,795.26
$13,265,000.00		
$382,204.74 12,882,795.26
$13,265,000.00	
$13,265,000.00		$21,812,939.25	

$0.00		

$25,660.50 16,724.86
761,300.68
726,026.60
$1,529,712.64	

$13,265,000.00
$13,265,000.00		
$13,265,000.00
$13,265,000.00	
$13,265,000.00		$14,794,712.64	

$0.00		

$40,150.29 (25,649.33)
$326,362.63
$55,842.11

7,430,116.34
(808,595.43)

$7,018,226.61	
			
$13,265,000.00		$21,812,939.25	

Long-Term Debt	Total Fund

North River Ranch CDD Statement of Activities As of 11/30/2019	
	
General Fund		
Capital Projects Fund		
Total	

Revenues						
Developer Contributions	$4,502.91				$4,502.91	
Inter-Fund Transfers In	(12,617.50)				(12,617.50)	
Developer Contributions			$4,475.00		4,475.00	
Inter-Fund Transfers In			12,617.50		12,617.50	
Total Revenues	

($8,114.59)		

$17,092.50		

$8,977.91	
Expenses						
Supervisor Fees	$1,800.00				$1,800.00	
Public Officials' Insurance	2,306.00				2,306.00	
Management	1,666.67				1,666.67	
Engineering	487.50				487.50	
District Counsel	434.50				434.50	
Legal Advertising	66.69				66.69	
Web Site Maintenance	125.00				125.00	
Dues, Licenses, and Fees	175.00				175.00	
General Insurance	2,819.00				2,819.00	
Contingency			$7,975.00		7,975.00	
Total Expenses	

$9,880.36		

$7,975.00		

$17,855.36	
Other Revenues (Expenses) & Gains (Losses)						
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$0.00		$0.00	
Change In Net Assets	($17,994.95)		$9,117.50		($8,877.45)	

Net Assets At Beginning Of Year	
$49,774.17		
($43,692.50)		
$6,081.67	

Net Assets At End Of Year	
$31,779.22		
($34,575.00)		
($2,795.78)	

Fieldstone CDD	
Budget to Actual	
For the Month Ending 11/30/2019	
Year To Date	
FY 2020	
		Actual			Budget			Variance	Adopted	
Budget	

Revenues												
Developer Contributions	$	14,265.54		$	81,485.00	$	(67,219.46)	$ 488,910.00	
Net Revenues	$	14,265.54		$	81,485.00	$	(67,219.46)	$ 488,910.00	
General & Administrative Expenses												
Supervisor Fees	$	2,800.00	$	2,000.00	$	800.00	$	12,000.00	
POL Insurance		2,306.00			416.66			1,889.34	2,500.00	
Trustee Services		-			1,000.00			(1,000.00)	6,000.00	
District Management		3,333.33			6,666.66			(3,333.33)	40,000.00	
Engineering		4,375.00			4,166.66			208.34	25,000.00	
Dissemination Agent		-			833.34			(833.34)	5,000.00	
District Counsel		3,200.00			4,166.66			(966.66)	25,000.00	
Assessment Administration		-			1,250.00			(1,250.00)	7,500.00	
Reamortization Schedules		-			20.84			(20.84)			125.00	
Audit		-			1,000.00			(1,000.00)	6,000.00	
Arbitrage Calculation		-			200.00			(200.00)	1,200.00	
Telephone		-			16.66			(16.66)			100.00	
Postage & Shipping		-			16.66			(16.66)			100.00	
Copies		-			16.66			(16.66)			100.00	
Legal Advertising		66.69			833.34			(766.65)	5,000.00	
Miscellaneous		-			787.54			(787.54)	4,725.00	
Office Supplies		-			16.66			(16.66)			100.00	
Web Site Maintenance		100.00			450.00			(350.00)	2,700.00	
Dues, Licenses, and Fees		175.00			29.16			145.84			175.00	
Maintenance Staff		-			1,333.34			(1,333.34)	8,000.00	
Electric		-			5,000.00			(5,000.00)	30,000.00	
Clubhouse Electric		465.52			1,000.00			(534.48)	6,000.00	
Clubhouse Water		-			60.00			(60.00)			360.00	
Water Reclaimed		0.36			2,500.00			(2,499.64)	15,000.00	
Stormwater - Repair and Maintenance		-			2,500.00			(2,500.00)	15,000.00	
Amenity - Landscape Maintenance		-			1,666.66			(1,666.66)	10,000.00	
Amenity - Pool Maintenance		-			2,000.00			(2,000.00)	12,000.00	
Amenity - Access Control		-			833.34			(833.34)	5,000.00	
Equipment Rental		-			5,000.00			(5,000.00)	30,000.00	
General Insurance		2,819.00			504.16			2,314.84	3,025.00	
Property & Casualty Insurance		-			1,116.66			(1,116.66)	6,700.00	
Irrigation - Repair and Maintenance		-			2,500.00			(2,500.00)	15,000.00	
Lake Maintenance		-			2,500.00			(2,500.00)	15,000.00	
Landscaping Maintenance & Material		20,275.00			16,666.66			3,608.34	100,000.00	
Landscape Improvements		-			8,333.34			(8,333.34)	50,000.00	
Equipment Repair & Maintenance		-			833.34			(833.34)	5,000.00	
Cleaning		-			416.66			(416.66)	2,500.00	
Lighting		-			333.34			(333.34)	2,000.00	
Streetlights - Repair and Maintenance		-			2,500.00			(2,500.00)	15,000.00	
Total General & Administrative Expenses	$	39,915.90		$	81,485.00	$	(41,569.10)	$ 488,910.00	

Total Expenses	
   $	39,915.90		
   $		
81,485.00	
   $	(41,569.10)	
   $ 488,910.00	
Income (Loss) from Operations	$	(25,650.36)		$	-		$	(25,650.36)		$	-	
Other Income (Expense)												
Interest Income	$	1.03	$	-	$	1.03		$	-	
Total Other Income (Expense)	$	1.03	$	-	$	1.03		$	-	
Net Income (Loss)	$	(25,649.33)		$	-		$	(25,649.33)		$	-