North River Ranch Improvement Stewardship District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone 407-723-5900; Fax 407-723-5901
http://northriverranchisd.com/

The following is the agenda for the meeting of the Board of Supervisors for the North River Ranch Improvement Stewardship District scheduled to be held Wednesday, April 13, 2022 at 1:30 P.M. at 8141 Lakewood Main Street, Bradenton, FL 34202. The following is the proposed agenda for this meeting.

If you would like to attend the Board Meeting by phone, you may do so by dialing:
Phone:	1-844-621-3956
Participant Code:	790 562 990 #

BOARD OF SUPERVISORS’ MEETING AGENDA

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

Administrative & Business Matters

Consideration of the Minutes of the March 9, 2022, Board of Supervisors Meeting
Discussion of Towing Company Proposals (under separate cover)
Review and Discussion of Wrathell, Hunt & Associates, LLC Proposal for District Management Services
Review and Discussion of Existing PFM Contracts for the District
Ratification of the North River Ranch ISD Funding Request No. 82 – No. 94
Review of District Financial Statements

Other Business Staff Reports
District Counsel District Engineer District Manager Director of Fun
Director of Fun Report
Supervisor Requests and Audience Comments Adjournment

North River Ranch Improvement Stewardship District

Consideration of the Minutes of the March 9, 2022, Board of Supervisors Meeting

MINUTES OF MEETING

NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES
Wednesday, March 9, 2022 at 1:30 p.m. 8141 Lakewood Main Street, Bradenton, FL 34202
Board Members present via phone or in person: Pete Williams	Chairperson
Janice Snow	Vice Chairperson
John Leinaweaver	Assistant Secretary
John Blakley	Assistant Secretary Also present via phone or in person:
Vivian Carvalho	District Manager- PFM Group Consulting LLC Venessa Ripoll	District Manager- PFM Group Consulting LLC
Jonathan Johnson	District Counsel- Kutak Rock LLP	(via phone)	
Rob Engle	District Engineer- Stantec		(via phone)	
Tom Panaseny	Neal Communities		(via phone)	
John McKay	J.H. McKay, LLC			
Faith Santoro	Lifestyle Director			
Kevin Plenzler	PFM Financial Advisors LLC		(via phone)	
Amanda Lane	PFM Group Consulting LLC			
(via phone)				
Misty Taylor	Bryant Miller Olive	(via phone)	
Chris Fisher	Clearview Land Design	(joined at 1:31)	

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The Board of Supervisors’ Meeting for North River Ranch ISD was called to order at 1:30
p.m. Ms. Carvalho proceeded with roll call and confirmed quorum to proceed with the meeting. Those in attendance are outlined above either in person or via speakerphone.

Public Comment Period

There were no comments from the public.

SECOND ORDER OF BUSINESS	Business Matters

Consideration of the Minutes of the February 9, 2022, Board of Supervisors Meeting

Chris Fisher joined the meeting at approximatly 1:31 p.m.

The Board reviewed the Minutes of the February 9, 2022 Board of Supervisors’ Meeting.

ON MOTION by Ms. Snow, seconded by Mr. Williams, with all in favor, the Board approved the Minutes of the February 9, 2022 Board of Supervisors’ Meeting, as amended.

Review and Consideration of the North River Ranch CDD Updated Supplemental	Assessnebt Methodology for Series 2020A Bond

Mr. Plenzler reviewed the Updated Supplemental Assessment Methodology for Series
2020A Bond.
The Supplemental Assessment Methodology phasing plan on tables 1 and 2,now
includes Single Family 50 front footage
Lot. Tables 5 and 6 were updated to reflect the allocaton of Phase A1, A2, and A3 Bonds. Mr. Blakley asked Mr. Penzler and he confirmed the assessment revenue for the 2022 A1 bonds on the 377 lots will be the same as the 382 lots and there is proper debt coverage. The debt services assessments have been analyzed on a per acre, per unit bases and were found to be reasonably and equitably allocated.

ON MOTION by Mr. Williams, seconded by Mr.Blakley, with all in favor, the Board approved the updated Supplemental Assessment Methodology for Series 2020A Bond in substantial form.

Discussion of the 2019A Bonds A2 Trust Accounts

Ms. Lane advised the Board a small balance was left in in the account after the 2019A Bonds were paid. Ms. Lane recommended the Board place the balance it into the O&M General Fund.

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board approved the remaining balance to be placed in the O&M General Fund.

Discussion of the Amenity Facility Licensing Policies

The Board reviewd the various forms for the Amenity Facility brought before the Board.

ON MOTION by Mr. Williams, seconded by Ms. Snow, with all in favor, the Board approved the use of the forms for the Amenity Facility.

During the conference call to discuss the use of the Amenity forms Mr. Williams authorized Ms.. Santoro to use the forms as needed. He requested the Board to make a motion to ratify the action taken of utilizing the forms prior to the meeting today in which the Board approved in final form.

ON MOTION by Mr. Leinweaver, seconded by Mr. Blakley, with all in favor, the Board ratified the action taken of utilizing the forms prior to the meeting today in which the Board approved in final form.

Ms. Carvalho requested that Ms. Lane look into the potential amount of Access Carry Forward the District may have when going through the Budget process in May 2022.

Review and Consideration of the Eco-Logic Services Proposal for Fieldstone Neighborhood

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board approved the Eco-Logic Services Proposal for the Fieldstone Neighboorhood.

Review and Consideration of the Eco-Logic Services Proposal for North River Ranch Phases 4A & 4B

ON MOTION by Mr. Williams, seconded by Mr. Blakley, with all in favor, the Board approved the Eco-Logic Services Proposal for North River Ranch Phases 4A & 4B.

Review and Consideration of the MindBody Purchase Order Form

Ms. Snow advised the Board the program allows the LifestyleDirector to manage RSVP and payment of self funded activities and programs directly with the MindBody Purchase.

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the Board approved the MindBody Purchase Order Form.

Review and Consideration of Change No. 11, North River Ranch 4A & 4B

Mr. Engle advised the Board Change Order No. 11 had a Budget cost increase to the RIPA Contract due to additional berms and utilities. The requested increase is
$100,447.00.

ON MOTION by Mr. Blakley, seconded by Mr. Williams, with all in favor, the Board approved Change Order No. 11, North River Ranch 4A & 4B

Ratification of the North River Ranch ISD Funding Request No. 65- No. 81

ON MOTION by Mr. Leinweaver, seconded by Mr. Williams, with all in favor, the Board Ratified Funding Request No. 65 – No. 81.

Review	of	District	Financial Statements

The Board reviewed the District Financial Statements through January 31, 2022.

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

THIRD ORDER OF BUSINESS	Other Business

Staff Reports

District Counsel – Mr. Johnson stated work was started to fix the damage believed to be caused by John M. Hall.Mr. Engle advised RIPA is working to fix the damage. They are working with John M. Hall to help finish up their work. Change order requests are underway to get the remaining portion of John M. Hall’s work completed.

District Engineer – No report

District Manager – Ms. Carvalho noted for the record that the next scheduled meeting will be April 13, 2022 at 1:30 p.m. The Board discussed continuing this meeting to March 24, 2022 at 12:00p.m.

FOURTH ORDER OF BUSINESS	Supervisor Requests and Audience Comments

Ms. Santoro addressed the current rules and regulations for renting the Amenity Facility. She state the rules currently state that a member of the facility must be present during a rental. However, there is only one faculty member on staff at this time. Mr. Williams suggested to limit availability for rental availability to follow the Lifestyle Director current working schedule.

ON MOTION by Mr. Williams, seconded by Mr. Blakley, with all in favor, the Board approved the current rental policy to reflect the Lifestyle Director current working schedule.

There were not further supervisor requests or audience comments.

FIFTH ORDER OF BUSINESS	Continuance

Ms. Carvalho requested as there was no further business to come before the Board for a motion to continue the meeting to March 24, 2022 at 12:00 p.m.

ON MOTION by Mr. Williams, seconded by Mr. Leinaweaver, with all in favor, the March 9, 2022 Board of Supervisor’s Meeting for the North River Ranch Improvement Stewardship District was continued at 2:10 p.m. to March 24, 2022 at 12:00 p.m. at 8141 Lakewood Main Street, Bradenton, FL 34202.

Secretary / Assistant Secretary	Chairperson / Vice Chairperson

6 | P age 

North River Ranch Improvement Stewardship District

Discussion of Towing Company Proposals (under separate cover)

North River Ranch Improvement Stewardship District

Review and Discussion of Wrathell, Hunt & Associates, LLC Proposal for District Management Services

AGREEMENT FOR MANAGEMENT SERVICES
between
NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT
and
WRATHELL, HUNT & ASSOCIATES, LLC

THIS AGREEMENT FOR MANAGEMENT SERVICES (this “Agreement”), is made and entered into effective the  day of 	, 20 , by and between the North River Ranch Improvement Stewardship District, hereinafter referred to as "DISTRICT", and the firm of Wrathell, Hunt & Associates, LLC, a Florida limited liability company, hereinafter referred to as "MANAGER".

WITNESSETH:

WHEREAS, the DISTRICT desires to retain the MANAGER to provide non-exclusive management, recording, assessment methodology and accounting advisory services for the DISTRICT, as required to meet the needs of the DISTRICT during the contract period; and

WHEREAS, the MANAGER desires to provide such services to the DISTRICT as more particularly described in this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants and agreements expressed herein, and other good and valuable consideration, the receipt and adequacy of which are hereby conclusively acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

The DISTRICT hereby engages the MANAGER to provide the services more particularly described in Exhibit A attached hereto and incorporated herein by this reference (collectively, the “Services”).

The DISTRICT agrees to compensate the MANAGER by payment of the fees (collectively, the “Fees”) set forth in the fee schedule attached hereto as Exhibit B and incorporated herein by this reference (the “Fee Schedule”). The Fees, except as otherwise provided on the Fee Schedule, shall be payable in equal monthly installments on the first day of each month. The DISTRICT will consider price adjustments at the end of the fiscal year of the DISTRICT in effect upon the commencement of this Agreement and each succeeding twelve (12)-month period thereafter to compensate for market conditions and the anticipated type and scope of the Services to be performed during the next twelve (12)-month period. Accordingly, the Fees and the Fee Schedule shall be deemed increased at the end of the fiscal year of the DISTRICT in effect upon the commencement of this Agreement and thereafter annually at the end of each succeeding fiscal year to the extent approved in the annual budget adopted by the Board of Supervisors of the DISTRICT (the “Board”). In no event shall the Fees be increased

to an amount which exceeds the amount of funds approved for the Services in the applicable budget adopted by the Board.

This Agreement shall become effective on the date set forth above and the term of this Agreement shall commence on such date and continue until this Agreement is terminated pursuant to the terms of this Section 3. This Agreement may be terminated as follows:
by the DISTRICT for "good cause", which shall include misfeasance, malfeasance, nonfeasance by the MANAGER, or failure of the MANAGER to perform the Services as required under this Agreement;
upon the dissolution or court-declared invalidity of the DISTRICT; or
by either party, for any reason, by providing sixty (60) days prior written notice to the other party.
Upon the termination of this Agreement, the MANAGER agrees to take all reasonable and necessary actions to transfer to the DISTRICT, or to such other party as directed by the DISTRICT, all the books and records of the DISTRICT in the MANAGER’S possession in an orderly fashion. The portion of the Fees and any other amounts due and owing to the MANAGER under this Agreement up to the effective date of the termination of this Agreement shall be due and payable immediately upon the termination of this Agreement, subject to any offsets due to the DISTRICT by the MANAGER. The DISTRICT’S obligation to make payment to the MANAGER of the portion of the Fees and any other amounts due and owing to MANAGER under this Agreement up to the effective date of the termination shall survive the termination of this Agreement.

The MANAGER shall devote such time as is reasonably necessary to perform the Services.

The MANAGER represents that it presently has no interest and shall acquire no interest, either direct or indirect, which would conflict in any manner with the performance of the Services, as provided for in the standard set forth in Section 112.311, Florida Statutes. The MANAGER further represents that no person having any such interest shall be employed by the MANAGER to perform the Services or any portion thereof.

The MANAGER shall promptly notify the DISTRICT in writing of all potential conflicts of interest for any prospective business association, interest or other circumstance which may influence or appear to influence the MANAGER'S judgment or quality of the Services being provided hereunder. Such written notification shall identify the prospective business association, interest or circumstance, identify the nature of work that the MANAGER may undertake, if applicable, and request an opinion of the DISTRICT as to whether the association, interest or circumstance would, in the opinion of the DISTRICT, constitute a conflict of interest if entered into by the MANAGER. The DISTRICT agrees to notify the MANAGER of its opinion within thirty (30) days of receipt of any notification by the MANAGER pursuant to this Section 6. If, in the opinion of the DISTRICT, the prospective business

association, interest or circumstance would not constitute a conflict of interest by the MANAGER, the DISTRICT shall so state in its opinion, and in such event (i) the association, interest, or circumstance shall not be deemed to be a conflict of interest with respect to the Services provided to the DISTRICT by the MANAGER under the terms of this Agreement, and
(ii) the Manager shall be free to pursue such prospective business association, interest or circumstance. The MANAGER shall be free to perform services similar to the type of services offered to the DISTRICT as part of the Services hereunder, and any other services, for any other special purpose taxing district, developer, landowner or otherwise. Nothing in this Agreement shall be deemed to prevent the MANAGER from performing such services, or any other services, for any other special taxing district, developer, landowner or otherwise and the providing of such services shall not constitute a conflict of interest under this Agreement.

The MANAGER agrees that all Services shall be performed by skilled and competent personnel.

The DISTRICT acknowledges that the MANAGER is not an attorney and may not render legal advice or opinions. Although the MANAGER may participate in the accumulation of information necessary for use in documents required by the DISTRICT in order to finalize any particular matters, such information shall be verified by the DISTRICT as to its correctness; provided, however, that the DISTRICT shall not be required to verify the correctness of any information originated by the MANAGER in connection with the Services.

This Agreement shall be governed by the laws of the State of Florida. Any and all legal action necessary to enforce this Agreement will be held in Brevard County. No remedy herein conferred upon any party is intended to be exclusive of any other remedy and each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or otherwise. No single or partial exercise by any party of any right, power, or remedy hereunder shall preclude any other or further exercise thereof. The failure of either party to insist at any time upon the strict observance or performance of any of the provisions of this Agreement, shall not be construed as a waiver or relinquishment of the right to insist on the strict observance or performance of any or all of the other provisions of this Agreement. The failure of either party to exercise any right of remedy as provided in this Agreement, shall not impair any such right or remedy or be construed as a waiver or relinquishment of such right of remedy with respect to subsequent defaults. The provisions of this Section 9 shall survive the termination of this Agreement.

In any action brought by either party for the enforcement of the obligations of the other party, the prevailing party shall be entitled to recover from the non-prevailing party reasonable attorney's fees and all costs and expenses expended or incurred by the prevailing party in connection therewith, including without limitation at all trial levels and appellate levels and in post-judgment proceedings. The provisions of this Section 10 shall survive the termination of this Agreement.

All notices required in this Agreement shall be sent by either certified mail, return receipt requested with postage prepaid, hand-delivered, or sent by overnight express carrier with next business day delivery guaranteed, addressed to the following addresses, or such other address as either party shall specify hereinafter in written notice to the other party:
If to the Manager:	Wrathell, Hunt & Associates, LLC
2300 Glades Road, Suite 410W Boca Raton, Florida 33431
If to the DISTRICT:	North River Ranch Improvement Stewardship District 2300 Glades Road, Suite 410W
Boca Raton, Florida 33431
with a copy to:	Counsel to the DISTRICT:
Kutak Rock LLP
107 W College Avenue Tallahassee, Florida 32301 Attention: Jonathan Johnson
Any such notice sent as referenced above shall be deemed received on the third (3rd) business day following the day sent, if sent by certified mail with postage prepaid, when delivered if hand-delivered, or on the next business day following the day sent, if sent by overnight express courier with next business day delivery guaranteed.

This Agreement contains the entire understanding and agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the parties, with respect thereto. This Agreement, or any provision contained herein, may not be amended unless such amendment is set forth in a writing signed by the parties hereto.

If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement shall be valid and be enforced to the fullest extent permitted by law.

Neither the MANAGER nor any its members, managers, managing members, officers, employees, agents or representatives (collectively, the “Manager Affiliates”) shall be liable, responsible, or accountable in damages or otherwise to the DISTRICT for any acts performed by the MANAGER or the Manager Affiliates in good faith and within the scope of this Agreement, unless such acts are performed negligently or without due care. The MANAGER or any of the Manager Affiliates cannot provide financial or real estate feasibility forecasting related to the DISTRICT’S ability to repay its indebtedness such as bonds, bond anticipation notes, notes or any other forms of indebtedness. The success of the real estate venture(s)

located within the DISTRICT is in no way guaranteed by MANAGER nor any of the Manager Affiliates. Neither the MANAGER nor any of the Manager Affiliates shall be liable to the DISTRICT or otherwise for any loss or damage resulting from the loss or impairment of funds that have been deposited into a bank account owned by the DISTRICT or otherwise titled in the name of the DISTRICT (collectively, the “District Bank Accounts”) due to the failure, insolvency or suspension of a financial institution, or any loss or impairment of funds due to the invalidity of any draft, check, document or other negotiable instrument payable to the DISTRICT which is delivered to the MANAGER and deposited into any of the District Bank Accounts. The terms of this Section 14 shall survive the termination of this Agreement.

Nothing contained in this Agreement, nor any acts of the parties, shall be deemed or construed to create a partnership or joint venture between the MANAGER and the DISTRICT or to cause the MANAGER to be responsible in any way for the debts or obligations of the DISTRICT. The terms of this Section 15 shall survive the termination of this Agreement.

This Agreement may be executed in counterparts, both of which, together, shall constitute one and the same agreement.

To the extent allowable under applicable law and except and to the extent caused by the gross negligence or willful misconduct of the DISTRICT, the MANAGER agrees to indemnify and hold the DISTRICT and its respective officers, directors, employees, agents, successors and assigns (DISTRICT and each such person being an “Indemnified Party”) harmless from and against any and all damages, losses, settlement payments, deficiencies, liabilities, costs, and expenses, including without limitation, attorney’s fees suffered, sustained, incurred or required to be paid by any Indemnified Party related to or arising out of any and all of the services provided by MANAGER pursuant to this Agreement. In the event that the MANAGER receives notice of or undertakes the defense or the prosecution of any action, claim, suit, administrative or arbitration proceeding or investigation consistent with MANAGER’s indemnity obligations hereunder, the MANAGER shall give the DISTRICT prompt notice of such proceedings and shall inform the DISTRICT in advance of all hearings regarding such action, claim, suit, proceeding, or investigation.

Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the DISTRICT beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Statutes, or other statute, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred under the doctrine of sovereign immunity or by operation of law.

To the extent the MANAGER or its employees are serving as the DISTRICT’S employees, officers, or agents pursuant to the terms, conditions and requirements of this Agreement, and as may be allowable under applicable law (and without waiving the limitations of liability set forth in Section 768.28, Florida Statutes), the DISTRICT agrees to indemnify, defend, and

hold harmless the MANAGER from and against any and all liability, claims, actions, suits, demands, assessments or judgments asserted and any and all losses, liabilities, damages, costs, court costs, and expenses, including attorney's fees, that MANAGER may hereafter incur, become responsible for, or be caused to pay out arising out of or relating to the grossly negligent or intentionally wrongful acts or omissions of the DISTRICT, except to the extent caused by, in whole or in part, the negligence or recklessness and/or willful misconduct of the MANAGER or its employees. The DISTRICT’s obligation to defend, indemnify, and hold harmless the MANAGER as set forth herein shall not exceed the monetary limits of any endorsement listing the MANAGER as an additional insured party under the DISTRICT’s insurance policy. If there is no such endorsement, the DISTRICT’S defense, indemnity, and hold harmless obligations as set forth in this Section shall not exceed the monetary limitations of liability set forth in Section 768.28, Florida Statutes.

THE MANAGER AND THE DISTRICT EACH HEREBY KNOWINGLY AND UNCONDITIONALLY WAIVE ANY AND ALL RIGHTS TO DEMAND A JURY TRIAL IN ANY ACTION FOR THE INTERPRETATION OR ENFORCEMENT OF THIS AGREEMENT. THE TERMS OF THIS SECTION 18 SHALL SURVIVE THE TERMINATION OF THIS AGREEMENT.

Wrathell, Hunt and Associates, LLC, does not represent the DISTRICT as a Municipal Advisor or Securities Broker; nor is Wrathell, Hunt and Associates, LLC, registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, Wrathell, Hunt and Associates, LLC, does not provide the DISTRICT with financial advisory services or offer investment advice in any form.

[SIGNATURES APPEAR ON FOLLOWING PAGES]

IN WITNESS WHEREOF, the Board of Supervisors of the North River Ranch Improvement Stewardship District has made and executed this Contract on behalf of the DISTRICT and the MANAGER have each, respectively, by an authorized person or agent, hereunder set their hands and seals effective as of the date and year first above written.

Signed in the presence of	BOARD OF SUPERVISORS:

NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT

Witnesses:

Print Name:	

By: 	 Print Name 		 Chair/Vice Chair

Print Name:	_

MANAGER:

WRATHELL, HUNT & ASSOCIATES, LLC

By: 	 Print Name:	_	Craig A. Wrathell, Managing Member

Print Name:	

EXHIBIT A - SERVICES

Wrathell, Hunt & Associates, LLC, will perform all required Management functions of the North River Ranch Improvement Stewardship District (the “District”), which will include but not be limited to the following:
Attend all meetings of the Board of Supervisors of the District (the “Board”) and provide the Board with meaningful dialogue of the issues before the Board for action
Identify significant policies, including analysis of policy implementation with administrative and impact statement and effect on the District
Develop and train members of the Board in the requirements of Florida Laws with including with respect to, but not limited to, public officers and employees, and the conduct of District business
Prepare District's Budget as more fully outlined below
Implement Budget directives
Prepare specifications for and coordinate for the following services:
Insurance, including General Liability along with Directors and Officers Liability
Independent Auditor Services
Such other services as may be identified from time to time
Provide all required annual disclosure information to the local government in the county in which the District is located:
Public Facilities Report
Designation of Registered Office and Registered Agent
Public Meeting Schedule
Audited Financial Statements (assist with the preparation of same)
Ensure compliance with the following Florida Statutes:
Annual Financial Audit

Annual Financial Report
Public Depositor Report
Proposed Budget
District Map and Amendments
Public Facilities Report
Registered Agent and Registered Office
Public Meeting Schedule Notice Requirements
(The reporting requirements of Community Development Districts periodically change and Wrathell, Hunt & Associates, LLC, will ensure that we update reporting requirements of the District as the legislature updates the reporting requirements.)
Record all meetings of the District
Provide Oath of Office and notary public for all newly elected members of the Board
Coordinate and provide contract administration for any services provided to the District by outside vendors:
Develop service contracts for the delivery of services to the District, with the
assistance of the District’s Attorney
Ensure that contract specifications are met
Interface with residents and contractors to ensure that anticipated service levels are being provided
Prepare contract amendments and change orders as necessary
Ensure proper contractor billing is received
If required, provide day-to-day management of in-house operations by performing the following:
Hire and train a highly qualified staff
Coordinate all personnel applications, benefits, and payroll and submit in an accurate and timely manner
Prepare and implement operating schedules
Prepare and implement operating policies

Interface with residents to ensure anticipated levels of service are being met
Implement internal purchasing policies
Prepare and bid services and commodities as necessary
Coordinate with the residents to determine the services and levels of service to be provided as part of the District's budget preparations:
Identify new services
Identify expanded areas of existing services
Identify new levels of service
Provide budget recommendations based on findings
Establish Budget Public Hearing(s) and dates
Establish Board workshop dates (if required)
Preparation of Estoppel Letters for Property Transfers and Monitoring Development of the District and Performance of Assessment True Up Analysis

Recording Services

Wrathell, Hunt & Associates, LLC, will perform all required Recording Secretary functions of the District, which will include but not be limited to the following:
Prepare all Board Agendas and coordinate receipt of sufficient material for Board to make informed policy decisions
Prepare and advertise all notices of meetings in an authorized newspaper of circulation in the county in which the District is located
Record and transcribe all meetings of the Board including regular meetings, special meetings, workshops and public hearing(s). The recording and transcription (edited for grammar) of meetings of the Board provide an essential link to maintaining a highly accurate public record. These minutes are maintained by Wrathell, Hunt & Associates, LLC, in perpetuity for the District and sent to the appropriate governmental agencies in accordance with Florida law.

Maintain all other District public records, including Agreements, Contracts and Resolutions in perpetuity for the District
Maintain District Seal
Satisfy public records requests in a timely, professional and efficient manner
Prepare and coordinate applications for:
Federal I.D. Number
Tax Exemption Certificate
Prepare Budget and Assessment Resolutions as required by Chapter 189, Florida Statutes, and Chapter 2020-191, Laws of Florida, as amended
Prepare Budget Resolution approving the District Manager's Budget and authorization to set public hearing
Prepare Budget Resolution adopting the District Manager’s Budget, as modified by the Board
Prepare Agendas for Budget Hearings and attend all Board of Supervisor meetings
Prepare bid specifications for the purchase of services and commodities pursuant to Florida Statutes

Accounting Services

Wrathell, Hunt & Associates, LLC, will perform all required accounting functions of the District, which will include but not be limited to the following:
Prepare a Budget that achieves maximum cost-to-benefit equity for approval
Submit a Preliminary Budget to Board in accordance with Chapter 189, Florida Statutes, and Chapter 2020-191, Laws of Florida, as amended
Modify Preliminary Budget for consideration by the Board at the District's advertised public hearing
Coordinate Budget preparation with District Board, Engineer, Attorney and Collection Agent

Attend workshop(s) and public hearing(s) and be available to answer questions by the Board and the Public
Establish Government Fund Accounting System in accordance with the Uniform Accounting System prescribed by Department of Banking and Finance for Government Accounting, Generally Accepted Accounting Principles (GAAP) and Government Accounting Standards Board (GASB)
Adhere to investment policies and procedures pursuant to Chapter 218, Florida Statutes
Prepare Annual Financial Report for units of local government and distribute to the State Comptroller
Prepare Public Depositor's Report and distribute to the State Treasurer
Coordinate and distribute Annual Public Facilities Report and distribute to appropriate agencies
Administer purchase order system, periodic payment of invoices
Coordination of tax collection and miscellaneous receivables
Prepare all required schedules for year-end audit:
Prepare schedule of bank reconciliations
Prepare cash and Investment confirmations for distribution to authorized Public Depositories and Trustee of District bond issues
Prepare analysis of accounts receivable
Prepare schedule of interfund accounts
Prepare schedule of payables from the governments
Prepare schedule of all prepaid expenses
Prepare debt confirmation schedules
Prepare schedule of accounts payable
Prepare schedule of changes in fund balances
Prepare schedule of assessment revenue compared to budget
Prepare schedule of interest income and provide reasonableness test

Prepare schedule of investments and accrued interest
Prepare analysis of all other revenue
Prepare analysis of interest expenses and calculate accrued interest expense at year end
Prepare schedule of operating transfers
Prepare schedule of cash receipts and cash disbursements
Prepare analysis of cost of development and construction in progress
Prepare analysis of reserves for encumbrances
Prepare analysis of retainages payable
Prepare amortization and depreciation schedules
Prepare general fixed asset and general long-term debt account groups
Perform general fixed asset accounting
Account for assets constructed by or donated to the District for maintenance
Prepare inventories of District property in accordance with the rules of the Auditor General

Special Assessment Methodology Preparation Services

Wrathell, Hunt & Associates, LLC, will perform all required special assessment methodology functions of the District, which will include but not be limited to the following:
Review the District’s capital improvement program
Determine the types of special and general benefits of proposed investments
Determine which properties within the boundaries of the Districts receive special benefits and which properties receive general benefits
Determine a fair and reasonable apportionment of the special and peculiar benefits of the District-financed improvements among the properties deriving such benefits
Based on the determination and apportionment of special and peculiar benefit, calculate a fair and reasonable apportionment of the responsibility to pay the non-

ad valorem special assessments resulting from funding of the District’s capital improvement plan
Prepare a Special Assessment Methodology Report for consideration by the Board of the District
Prepare an assessment roll of all assessable properties within the District
Present the Special Assessment Methodology Report to the Board at a public meeting and answer any questions pertaining to the Report
Prepare the Preliminary and Final Assessment Rolls
Prepare notices advising the property owners of the completion of construction and the amount of the final assessment
Act as primary contact to answer property owners’ questions regarding the capital
assessment

Dissemination Agent Services
Wrathell, Hunt & Associates, LLC, will provide Dissemination Agent Services as specified in the District’s Continuing Disclosure Agreement for bonds issued. Such services shall include but are not limited to:
Determine each year prior to the Annual Filing Date the name, address and filing requirements of the Repository; and
File a notice with the Issuer stating that the Annual Report or Audited Financial Statement has been provided pursuant to Disclosure Agreement(s), stating the date(s) it was provided, and listing all Repositories with which it was filed.
All documents, reports, notices, statements, information and other materials provided to the MSRB under the District's Disclosure Agreement(s) shall be provided in an EMMA Compliant Format.

Exhibit B - Fee Schedule

NOTE: The fees proposed are for Fiscal Year 2023, starting 10/1/22; however, Wrathell, Hunt and Associates will honor the budgeted management fees for the remainder of the current fiscal year.

District Management, Recording, Financial Accounting

FEE PROPOSED	$70,000 annually

Assessment Administration

FEE PROPOSED	$20,000 annually

Debt Service Fund Accounting (applicable to new bond issuances only, 2022 & onward)

FEE PROPOSED	$7,500 annually per bond issue

Field Operations and Maintenance Supervision and Accounting

FEE PROPOSED	$25,000 annually

Dissemination Agent Services

FEE PROPOSED	$20,000 annually

Assessment Methodology Consultant Services [Assessment Methodology Report]

FEE PROPOSED	$25,000 per bond issue

Issuance of Bonds, and Placement of Loans and Other District Indebtedness

FEE PROPOSED	Not to exceed $35,000 per issue
The following formula shall explain this fee. The fee for the first $5,000,000 bond issue(s) SHALL BE $3.00/$1,000 with a minimum fee of $10,000. The additional fee for bond issues between $5,000,000 and $10,000,000 shall be $1.00/$1,000. The fee for bond issues over $10,000,000 shall be $.50/$1,000 of the additional amount. These fees are payable at closing of the bond issue. It is expressly understood that compensation shall be contingent upon completion of financing and if for any reason a financing is not completed, there shall be no compensation owed to Wrathell, Hunt

and Associates, LLC. For the issuance of Bond Anticipation Notes, the fee is $10,000 per issuance.

Out of Pocket Expenses: Wrathell, Hunt and Associates, LLC, shall be reimbursed for out-of- pocket expenses incurred in the performance of the services defined herein (i.e. photocopies, postage, mailings, long distance telephone calls, and printing and binding, etc.). Wrathell, Hunt and Associates, LLC, will submit monthly invoices to District for work performed and payment shall become due and payable within fifteen (15) days of receipt.

North River Ranch Improvement Stewardship District

Review and Discussion of Existing PFM Contracts for the District

North River Ranch Improvement Stewardship District

Ratification of the North River Ranch ISD Funding Request No. 82 – No. 94

Funding Requests 82-94

FR #	Description	Amount	Total	
				
82				
Fieldstone	Clean Sweep Parking Lot Maintenance	$	450.00		
				
	Daystar Exterior Cleaning	$	1,250.00		
				
	Envera	$	842.36		
				
	Frontier	$	605.21		
				
	Jan-Pro of Manasota	$	221.54		
		$	350.00		
		$	895.00		
				
	Jones & Sons Pest Control	$	80.00		
				
	Macrolease	$	695.00		
				
	Manatee County Utilities Department	$	1,012.53		
		$	229.81		
		$	392.64		
		$	208.62		
				
	Peace River Electric Cooperative	$	1,142.26		
		$	1,606.65		
		$	33.49		
		$	54.92		
		$	1,242.65		
		$	65.92		
		$	52.34		
		$	60.54		
		$	89.93		
		$	36.64		
		$	653.09		
		$	45.54		
		$	818.84		
		$	856.06		
		$	1,488.80		
				
	S&G Pools	$	700.00		
		$	900.00		
				
	Spectrum	$	98.08		
		$	106.68		
		$	115.12		
				
	Sunrise Landscape	$	25,981.62		
		$	5,780.19		
		$	5,780.19		
				
	WTS International	$	1,869.51		
		$	1,787.50		
		$	1,869.51		
				
North River Ranch CDD	Clearview Land Design	$	752.50		

		$	419.28		
				
North River Ranch ISD	Kutak Rock	$	1,544.45		
			$63,185.01	
				
83				
Fieldstone (1C,1D)	FEDCO Communications and Utilities	$	54,656.10		
				
	Jon M Hall Company	$	73,678.23		
				
	Stantec Consulting Services	$	2,160.00		
			$130,494.33	
				
84				
Fieldstone	Daystar Exterior Cleaning	$	1,250.00		
		$	687.00		
				
	Eco-Logic Services	$	1,275.00		
		$	825.00		
				
	Envera	$	350.00		
				
	Frontier	$	212.86		
				
	Sunrise Landscape	$	5,567.49		
				
	US Bank	$	4,031.25		

North River Ranch ISD	Bright Ideas Electric	$	925.00		
				
	PFM Group Consulting	$	2.86		
				
	Supervisor Fees - 03/09/2022 Meeting	$	200.00		
		$	200.00		
		$	200.00		
		$	200.00		
				
	Valley National Bank	$	662.07		
				
	Verizon Wireless	$	123.49		
				
	VGlobalTech	$	150.00		
		$	160.00		
			$	17,022.02	
				
85				
Fieldstone (1C,1D)	Driggers Engineering Services	$	96.00		
		$	291.00		
			$	387.00	
				
86				
Fieldstone (Brightwood Phase B)	Sunrise Landscape	$	40,484.20		
		$	18,583.79		
		$	14,244.30		
			$	73,312.29	
				
87				

Fieldstone (Morgan's Glen)	Booth Design Group	$	268.32		
		$	694.90		
				
	Sunrise Landscape	$	77,533.42		
				
	Woodruff & Sons	$	374,621.51		
			$	453,118.15	
				
88				
Fieldstone	Eco-Logic Services	$	11,325.00		
				
	S&G Pools	$	409.30		
		$	409.30		
				
	Spectrum	$	105.21		
				
	Sunrise Landscape	$	1,500.00		
				
	WTS International	$	1,273.29		
			$	15,022.10	
				
89				
Fieldstone (1C,1D)	Dewberry Engineers	$	1,611.00		
			$	1,611.00	
				
90				
Fieldstone	WillScot	$	1,085.60		
			$	1,085.60	
				
91				
Fieldstone (Morgan's Glen)	Steadfast Contractors Alliance	$	2,080.00		
			$	2,080.00	
				
92		
	Avid Trails	$	6,400.00		
			$	6,400.00	
				
93				
Fieldstone	Deluxe Corporation	$	245.00		
				
	Neal Land & Neighborhoods	$	3,379.49		
				
	Suburban Propane	$	1,173.77		
				
	Sunrise Landscape	$	986.58		
				
	WTS International	$	1,869.49		
				
North River Ranch CDD	Clearview Land Design	$	215.00		
		$	178.12		
				
North River Ranch ISD	Dynamic Bicycles	$	815.00		
			$	8,862.45	

94				
Fieldstone (Morgan's Glen)	OnSight Industries	$	6,796.03		

	Woodruff & Sons	$	105,469.83		
			$	112,265.86	
				
		Grand Total	$884,845.81	

Funding Request No. 082
3/4/2022		
Item		Invoice	General	Fiscal	
No.	Vendor	Number	Fund	Year	

FIELDSTONE					

1	Clean Sweep Parking Lot Maintenance				
Power Sweeping Through 02/25/2022	48179	$	450.00	FY 2022	
2	Daystar Exterior Cleaning				
February Maintenance	14941	$ 1,250.00	FY 2022	
3	Envera				
Grand Reserve Video Monitoring	712928	$	842.36	FY 2022	
4	Frontier				
Pavilion Services 02/23/2022 - 03/22/2022		$	605.21	FY 2022	
5	Jan-Pro of Manasota				
Brightwood Cleaning Supplies	878	$	221.54	FY 2022	
Riverfield Cleaning	70369	$	350.00	FY 2022	
Brightwood Cleaning	70430	$	895.00	FY 2022	
6	Jones & Sons Pest Control				
Riverfield Verandah Pest Control		$	80.00	FY 2022	
7	Macrolease				
FitRev Lease	324130	$	695.00	FY 2022	
8	Manatee County Utilities Department				
1151O Little River Way ; Service 01/18/2022 - 02/16/2022	Acct: 312296-162425	$ 1,012.53	FY 2022	
8905 Grand River Parkway	Acct: 312296-164615	$	229.81	FY2022	
11539 Little River Way	Acct: 312296-164711	$	392.64	FY2022	
8414 Arrow Creek Drive; Service 01/20/2022 - 02/17/2022	Acct: 312296-170584	$	208.62	FY 2022	
9	Peace River Electric Cooperative				
11510 Little River Way; Service 01/17/2022 - 02/16/2022	Acct: 168751001	$ 1,142.26	FY 2022	
Grand River Pkwy; Service 01/17/2022 - 02/16/2022	Acct: 168751003	$ 1,606.65	FY 2022	
11539 Little River Way; Service 01/17/2022 - 02/16/2022	Acct 168751004	$	33.49	FY 2022	
8905 Grand River Pkwy; Service 01/17/2022 - 02/16/2022	Acct: 168751005	$	54.92	FY2022	
Lot Decorative Lights; Service 01/17/2022- 02/16/2022	Acct: 168751007	$ 1,242.65	FY 2022	
8410 Arrow Creek Dr; Service 01/17/2022- 02/16/2022	Acct: 168751008	$	65.92	FY 2022	
11705 Sawyer Ln ; Service O1/17/2022 - 02/16/2022	Acct: 168751009	$	52.34	FY 2022	
8404 Canyon Creek Tri; Service 01/17/2022 - 02/16/2022	Acct: 168751011	$	60.54	FY 2022	
11712 Moccasin Wallow Rd ; Service 01/17/2022 - 02/16/2022	Acct: 168751013	$	89.93	FY 2022	
11750 Little River Way; Service 01/17/2022 - 02/16/2022	Acct: 168751014	$	36.64	FY 2022	
8414 Arrow Creek Dr; Service 01/17/2022- 02/16/2022	Acct: 168751015	$	653.09	FY 2022	
8010 Ft Hamer Rd; Service 01/17/2022 - 02/16/2022	Acct: 168751016	$	45.54	FY 2022	
Grande Reserve Ph1A-2 Lot Lights; Service 01/17/2022 - 02/16/2022	Acct: 168751017	$	818.84	FY 2022	
Decorative Lighting NRR Ph1D East; Service 01/17/2022- 02/16/2022	Acct: 168751023	$	856.06	FY 2022	
Decorative Lighting NRR Ph182; Service 01/17/2022 - 02/16/2022	Acct: 168751024	$ 1,488.80	FY 2022	

North River Ranch ISO c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925	Page 1 of2		

[ByRA_Emca_En_d,av_LEa_noe at 4:30 pm, Mar 08, 2022 ]

Item
No.	Vendor

Invoice Number

General Fund

Fiscal Year

FIELDSTONE, cont.

10	S&G Pools
Riverfield March Pool Service	
14428	
$	700.00	
FY 2022	
Brightwood March Pool Service	16323	$	900.00	FY 2022	
11	Spectrum				
8414 Arrow Creek Drive; Service 01/15/2022 - 02/14/2022	95036801011622	$	98.08	FY 2022	
8414 Arrow Creek Drive ; Service 02/15/2022 - 03/14/2022	95036801021622	$	106.68	FY 2022	
11510 Little River Way ; Service 02/28/2022 - 03/27/2022	85187901030222	$	115.12	FY2022	
12	Sunrise Landscape
February Landscaping Maintenance	
4482	
$25,981.62	

FY2022	
Additional Maintenance - Week of February 7	4509	$ 5,780.19	FY2022	
Additional Maintenance - Week of February 21	4511	$ 5,780.19	FY 2022	
13	WTS International				
February Payroll (02/01/2022 - 02/15/2022)	12331978	$ 1,869.51	FY 2022	
March Management Fee/ Insurance	12332180	$ 1,787.50	FY 2022	
February Payroll (02/16/2022 - 02/28/2022)	12332938	$ 1,869.51	FY 2022	
	Fieldstone Subtotal - DO NOT FUND	$60,468.78		

NORTH RIVER RANCH COD				

Clearview Land Design
Services Through 02/18/2022	22-00454	

$	752.50		

FY 2022	
Reimbursables Through 02/18/2022	22-00455	$	419.28		FY 2022	
North River Ranch COD Subtotal- PAYABLE TO NORTH RIVER RANCH COD	$ 1,171.78			
NORTH RIVER RANCH ISD				
1	Kutak Rock
General Counsel Through 01/31/2022	3009542	
$ 1,544.45		

FY 2022	
North River Ranch /SO Subtotal- PAYABLE TO NORTH RIVER RANCH ISO	$ 1,544.45			
TOTAL	$63,185.01			

// o/:6&
Secretary/ Assistant Secretary

CB£oard Mewmber	::

North River Ranch ISO
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925	Page2 of2

[ BRy_AEmc_aEn_dl'al_LEa_noe at 4:30 pm, Mar 08, 2022 ]

Funding Request No. 083
3/4/2022

Item
No.	Vendor

Invoice Number

Construction Fund

Fiscal Year

FIELDSTONE f1C, 10)

1	FEDCO Communications and Utilities		
PRECO Backbone Conduit System	PEBW-1C10-02	$  54,656.10	FY 2022	
2	Jon M Hall Company				
Phase 1C & 1D West Pay Application 14 Through 02/28/2022		$  73,678.23	FY 2022	
3	Stantec Consulting Services
Phase 1C & 1DW Wetland Buffer Services Through 02/25/2022	
1893924	
$	2,160.00	

FY2022	

TOTAL- PAYABLE TO FIELDSTONE COD	$ 130,494.33

Secretary I Assistantecretary

Board Member

North River Ranch ISO
cro PFM Group consurung
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925	Page 1 of 1

[	l

·--

RECEIVED
By Amanda Lane at 4:30 pm, Mar 08, 2022

Funding Request No. 084
3/11/2022

Item
No.	Vendor

Invoice Number

General Fund

Fiscal Year

NORTH RIVER RANCH ISD

1	Bright Ideas Electric		
Brightwood Transformer Pipe Repairs	S012022	$	925.00	FY2022	
2	PFM Group Consulting
February Reimbursables	
OE-EXP-03-016	
$	2.86	

FY2022	
3	Supervisor Fees - 03/09/2022 Meeting				
John Leinaweaver		$	200.00	FY 2022	
Pete Williams		$	200.00	FY 2022	
Janice Snow		$	200.00	FY2022	
John Blakley		$	200.00	FY2022	
4	Valley National Bank
VISA Statement Closing Date 02/28/2022	
Acct: 9466	
$	662.07	

FY 2022	
5	Verizon Wireless
Acct: 642468079-00001 ; Services 01/24/2022 - 02/23/2022	
9900279860	
$	123.49	

FY2022	
6	VGlobalTech
February Website Maintenance	
3600	
$	150.00	

FY2022	
March Website Maintenance	3686	$	160.00	FY2022	

North River Ranch {SD Subtotal - PAYABLE TO NORTH RIVER RANCH /SD	$ 2,823.42 	
TOTAL	$17,022.02		

Secretary / Assistant Secretary	Board Member

North River Ranch ISD
c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com // (407) 723-5925	Page2 of2

[RECEIVED	l

--

By Amanda Lane at 2:38 pm, Mar 14, 2022

'----·

Funding Request No. 085
3/11/2022

Item
No.	Vendor

Invoice Number

Construction Fund

Fiscal Year

FIELDSTONE (1C, 1D}

1	Driggers Engineering Services		
	Phase 1C Materials Testing Through 02/25/2022	SAL15567	$	96.00	FY 2022	
	Phase 1D Materials Testing Through 02/25/2022	SAL15568	$	291.00	FY 2022	

TOTAL- PAYABLE TO FIELDSTONE CDD	$	387.00

Secretary / Assistant Secretary	Board Member

North River- R::anch ISO
c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925	Page 1 of 1
[ByR_AEmc_aEn_d,a_EL_aone at 2:38 pm, Mar 14, 2022 ]

Funding Request No. 086
3/11/2022

Item
No.	Vendor

Invoice Number

Construction Fund

Fiscal Year

FIELDSTONE (BRIGHTWOOD PHASE Bl

1	Sunrise Landscape		
	Pay Application #1 Through 10/31/2021	$	40,484.20	FY 2022	
	Pay Application #2 Through 11/30/2021	$	18,583.79	FY 2022	
	Pay Application #3 Through 12/31/2021	$	14,244.30	FY 2022	

Total - PAYABLE TO FIELDSTONE COD	$	73,312.29

Secretary f Assistant Secretary	

North River Ranch ISO
c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925	Page 1 of 1
B[yRA-EmC_aEn_dla'l_LEa_noe at 2:38 pm, Mar 14, 2022 ]

Funding Request No. 087
3/11/2022

Item
No.	Vendor

Invoice Number

Construction Fund

Fiscal Year

FIELDSTONE (MORGAN'S GLEN)

1	Booth Design Group
Morgan's Glen Perimeter	
3056	
$	268.32	

FY 2022	
Morgan's Glen Townhomes	3057	$	694.90	FY 2022	
2	Sunrise Landscape
Pay Application #10 Through 02/28/2022	
74759	
$	77,533.42	

FY 2022	
3	Woodruff & Sons
Pay Application #1 Through 01/31/2022		
$ 374,621.51	

FY 2022	

Total - PAYABLE TO FIELDSTONE COD	$ 453,118.15

Secretary / Assistant Secretary	Board Member

North River Ranch ISD
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817

LaneA@pfm.com II (407) 723-5925	Page 1 of 1
B[yR-AEmC_aEn_dlall_LEa_nDe at 2:38 pm, Mar 14, 2022 ]

Funding Request No. 088

3/18/2022		
Item		Invoice	General	Fiscal	
No.	Vendor	Number	Fund	Year	

FIELDSTONE					

1	Eco-Logic Services			
Install Lake 9 Littoral Shelf Plants	1770	$11,325.00	FY 2022	
2	S&G Pools			
Pool Life Rings (Riverfield)	16428	$	409.30	FY 2022	
Pool Life Rings (Brightwood)	17323	$	409.30	FY 2022	
3	Spectrum			
8414 Arrow Creek Drive ; Service 03/15/2022 - 04/14/2022	95036801031622	$	105.21	FY 2022	
4	Sunrise Landscape			
February Bush Hog Mowing	4792	$ 1,500.00	FY 2022	
5	WTS International
February Expense Reimbursement	12333551	
$ 1,273.29	

FY 2022	
Fieldstone Subtotal- DO NOT FUND	$15,022.10		
NORTH RIVER RANCH COD			

North River Ranch COD Subtotal - PAYABLE TO NORTH RIVER RANCH COD

NORTH RIVER RANCH ISD

-$----

1	PFM Group Consulting		
	DM Fee: March 2022	DM-03-2022-036	$ 5,833.33	FY 2022	

North River Ranch ISO Subtotal - PAYABLE TO NORTH RIVER RANCH /SD	$ 5,833.33

TOTAL	$20,855.43

Secretary I Assistant Secretary	Board Member

Norm f'l:lver f'l:ancn 15D
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817

--

LaneA@pfm.com II (407) 723-5925	Page 1 of 1

[RECEI-VED	l

Funding Request No. 089
3/18/2022

Item
No.	Vendor

Invoice
Number

Construction
Fund

Fiscal
Year

l

FIELDSTONE (1C, 1D)

1	Dewberry Engineers
Phases 1C & 1D Services Through 02/25/2022	2092161	$	1,611.00	FY 2022

TOTAL-PAYABLE TO FIELDSTONE COD	$	1,611.00

Secretary / Assistant Secretary	Board Member

North River Ranch ISO
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925	Page 1 of 1	[ RECEIVED

Funding Request No. 090
3/18/2022

Item
No.	Vendor

Invoice Number

Construction Fund

Fiscal Year

FIELDSTONE (Fort Hamer)

1	WillScot
60x12 Mobile Office Rental 03/16/2022 - 04/12/2022	9013374615	$	1,085.60	FY 2022

Total -PAYABLE TO FIELDSTONE COD	$	1,085.60

 //		
Secretary I Assistant Secretary	Board Member

Nortn f<iver Rancn 15D
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925	Page 1 of 1

[ RECEIVED	l

Funding Request No. 091
3/18/2022

Item
No.	Vendor

Invoice
Number

Construction
Fund

Fiscal Year

--

FIELDSTONE (MORGAN'S GLEN)

1	Steadfast Contractors Alliance
Aquatic Plant Installation	SCA-11778	$	2,080.00	FY 2022

Total - PAYABLE TO FIELDSTONE CDD	$	2,080.00

 //	 	
Secretary / Assistant Secretary	Board Member

l

North River Ranch ISO
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817

By Amanda Lane at 1:56 pm, Mar 21, 2022

LaneA@pfm.com II (407) 723-5925	Page 1 of 1	[RECEIVED

'---·

Funding Request No. 092
3/18/2022		
Item No.	
Vendor	Invoice Number	Construction Fund	Fiscal Year	

1	
Avid Trails				
	North Amenity Area Trail Design - 20% Deposit	Northern Amenity-01	$	6,400.00	FY 2022	

Total-PAYABLE TO NORTH RIVER RANCH ISO	$6,400.00

 l/	
Secretary I Assistant Secretary

North River Ranch ISO c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925	Page 1 of 1

[ RECEIVED

	l

By Amanda Lane at 1:56 pm, Mar 21, 2022

Funding Request No. 093
3/25/2022		
Item		Invoice	General	Fiscal	
No.	Vendor	Number	Fund	Year	

FIELDSTONE					

1	Deluxe Corporation				
200 Print+Mail Check Order	455969	$	245.00	FY 2022	
2	Neal Land & Neighborhoods				
Lifestyle Events Reimbursement		$  3,379.49	FY 2022	
3	Suburban Propane				
Brightwood Fire Pit Fuel	1564-412059	$  1,173.77	FY 2022	
4	Sunrise Landscape				
February Irrigation Inspection	4806	$	986.58	FY 2022	
5	WTS International
Payroll - Pay Period 03/01/2022 - 03/15/2022	
12333955	
$  1,869.49	

FY 2022	

Fieldstone Subtotal - DO NOT FUND  $  7,654.33 

NORTH RIVER RANCH COD	

1	Clearview Land Design		
	Services Through 03/18/2022	22-00717	$	215.00	FY 2022	
	Reimbursables Through 03/18/2022	22-00718	$	178.12	FY 2022	

North River Ranch COD Subtotal - PAYABLE TO NORTH RIVER RANCH COD	$	393.12

Secretary/ AssistatSecretary

NORTH RIVER RANCH ISO

1	Dynamic Bicycles		
	Bicycle Maintenance Equipment	3935-DYN	$	815.00	FY 2022	

North River Ranch /SD Subtotal- PAYABLE TO NORTH RIVER RANCH ISO	$	815.00

TOTAL	$8,862.45

Board Member

North River Ranch ISD
c/o PFM Group Consulting 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817
LaneA@pfm.com II (407) 723-5925	Page 1 Of 1

RECEIVED	l

[ By Aman-da Lane at 2-:30 pm, Ma-r 28, 2022

IMPROVEMENT STEWARDSHIP DISTRICT

Funding Request No. 094
3/25/2022

Item
No.	Vendor

Invoice Number

Construction Fund

Fiscal Year

FIELDSTONE (MORGAN'S GLEN)

1	OnSight Industries		
Phase 3B Street Signs	006-22-314557D	$	6,796.03	FY 2022	
2	Woodruff & Sons
Pay Application #2 Through 02/28/2022		
$ 105,469.83	

FY 2022	

Total -PAYABLE TO FIELDSTONE COD	$ 112,265.86

Secretary / Assistant Secretary	Board Member

North River Ranch ISO
c/o PFM Group Consulting
3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817

By Amanda Lane at 2:30 pm, Mar 28, 2022

--

LaneA@pfm.com II (407) 723-5925	Page 1 of 1

[RECEI·VED	l

North River Ranch Improvement Stewardship District

Review of District Financial Statements

	General Fund	Debt Service Fund	Construction Fund	Long-Term Debt Fund	Total	
		
Assets				
Fieldstone
Current Assets
General Checking Account Debit Card
Assessments Receivable Deposits
Assessments Receivable Due From Other Funds
Debt Service Reserve (Series 2019) Debt Service Reserve (Morgan's Glen) Revenue (Series 2019)
Revenue (Morgan's Glen) Prepayment A2 (Series 2019) Prepayment A2 (Morgan's Glen) Sinking Fund A1 (Series 2019) Sinking Fund (Morgan's Glen) Revenue (Series 2021B) Interest (Series 2021B) Prepayment (Series 2021B)
Accounts Receivable - Due from Developer Due From Other Funds Acquisition/Construction (Series 2019) Acquisition/Construction (Morgan's Glen) Restricted Acq/Constr (Morgan's Glen) Acquisition/Construction (Series 2021B)
North River Ranch CDD
General Checking Account Prepaid Expenses
Series 2020 A1 Debt Service Reserve Series 2020 A2 Debt Service Reserve Series 2020 A3 Debt Service Reserve Series 2020 A1, A2 Revenue
Series 2020 A3 Revenue	

$895,959.99				

$895,959.99	
	507.47				507.47	
	50,815.46				50,815.46	
	2,000.00				2,000.00	
		$51,074.57			51,074.57	
		281,206.12			281,206.12	
		166,061.93			166,061.93	
		91,060.66			91,060.66	
		500,560.35			500,560.35	
		208,509.57			208,509.57	
		7.67			7.67	
		440,319.96			440,319.96	
		0.06			0.06	
		0.03			0.03	
		10,077.24			10,077.24	
		1.71			1.71	
		1,011,400.17			1,011,400.17	
			$543,160.34		543,160.34	
			287,515.37		287,515.37	
			117,438.12		117,438.12	
			24,343.78		24,343.78	
			2.82		2.82	
			22,071.57		22,071.57	
	$7,708.72				7,708.72	
	1,540.84				1,540.84	
		$224,050.00			224,050.00	
		105,210.00			105,210.00	
		100,106.25			100,106.25	
		5.55			5.55	
		1.70			1.70	

	General Fund		Debt Service Fund		Construction Fund		Long-Term Debt Fund		Total	
Accounts Receivable - Due from Developer Series 2020 A1, A2 Acq/Construction Series 2020 A3 Acquisition/Construction
North River Ranch ISD
General Checking Account
Accounts Receivable - Due from Developer Accounts Receivable - Due from Developer
Total Current Assets					$40,577.00				40,577.00	
					833,495.59				833,495.59	
					10.05				10.05	
	$3,254.18								3,254.18	
	11,722.11								11,722.11	
					$27,500.00				27,500.00	

$973,508.77		

$3,189,653.54		

$1,896,114.64		

$0.00		

$6,059,276.95	

Fieldstone
Investments
Amount Available in Debt Service Funds Amount To Be Provided
North River Ranch CDD
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments							

$2,427,999.35		

$2,427,999.35	
							15,067,000.65		15,067,000.65	
							$429,373.50		429,373.50	
							16,465,626.50		16,465,626.50	

$0.00		

$0.00		

$0.00		

$34,390,000.00		

$34,390,000.00	
Total Assets	$973,508.77		$3,189,653.54		$1,896,114.64		$34,390,000.00		$40,449,276.95	

Fieldstone
Current Liabilities Due To Other Funds Deferred Revenue Deferred Revenue Accounts Payable Retainage Payable Deferred Revenue Retainage Payable
North River Ranch CDD
Accounts Payable Retainage Payable
Deferred Revenue	
Liabilities and Net Assets

$287,515.37 50,815.46
$51,074.57						

$287,515.37	
							50,815.46	
							51,074.57	
			$830,675.72				830,675.72	
			192,057.07				192,057.07	
			543,160.34				543,160.34	
			545,605.66				545,605.66	
			$40,577.00				40,577.00	
			284,576.37				284,576.37	
			40,577.00				40,577.00	

General Fund

Debt Service Fund

Construction Fund

North River Ranch ISD			
Accounts Payable	$9,875.57		
Deferred Revenue
Accounts Payable	11,722.11				
$27,500.00	
Deferred Revenue					27,500.00	
Total Current Liabilities	$359,928.51		$51,074.57		$2,532,229.16	

 	 	

Fieldstone
Long Term Liabilities
Revenue Bonds Payable - Long-Term
North River Ranch CDD
Revenue Bonds Payable - Long-Term Total Long Term Liabilities

Total Liabilities

$0.00

$359,928.51

$0.00

$51,074.57

$0.00

$2,532,229.16

 		

Long-Term Debt Fund		Total	

$0.00		
9,875.57
11,722.11
27,500.00
27,500.00
$2,943,232.24	

$17,495,000.00		

$17,495,000.00	
$16,895,000.00
$34,390,000.00		16,895,000.00
$34,390,000.00	
$34,390,000.00		$37,333,232.24	

Net Assets

Fieldstone

Net Assets, Unrestricted	$45,695.83			$45,695.83	
Current Year Net Assets, Unrestricted	(0.74)			(0.74)	
Net Assets - General Government	(63,030.99)			(63,030.99)	
Current Year Net Assets - General Government	628,287.99			628,287.99	
Net Assets, Unrestricted		$1,961,372.42		1,961,372.42	
Current Year Net Assets, Unrestricted		(273,646.07)		(273,646.07)	
Net Assets, Unrestricted		$348,476.18		348,476.18	
Current Year Net Assets, Unrestricted		673,002.94		673,002.94	
Net Assets, Unrestricted			($1,516,525.69)	(1,516,525.69)	
Current Year Net Assets, Unrestricted			923,092.99	923,092.99	
Net Assets, Unrestricted			($407,123.87)	(407,123.87)	
Current Year Net Assets, Unrestricted			(116,410.22)	(116,410.22)	

General Fund		Debt Service Fund		Construction Fund		Long-Term Debt Fund		Total	
North River Ranch CDD
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

North River Ranch ISD
Net Assets - General Government
Current Year Net Assets - General Government

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets	

$106.00 6,602.72
2,540.84

($6,257.28)
(364.11)

$613,580.26		

$787,932.21 (358,558.71)

$3,138,578.97		

$3,308,745.89 (2,800,393.62)

($10,834.18)
(16,665.82)

($636,114.52)		

$0.00		

106.00
6,602.72
2,540.84

787,932.21
(358,558.71)

3,308,745.89
(2,800,393.62)

(6,257.28)
(364.11)

(10,834.18)
(16,665.82)

$3,116,044.71	
										
Total Liabilities and Net Assets	$973,508.77		$3,189,653.54		$1,896,114.64		$34,390,000.00		$40,449,276.95	

North River Ranch Improvement Stewardship District
Statement of Activities As of 2/28/2022	

General Fund	Debt Service Fund	Construction Fund	Long-Term Debt Fund	
Total	

Revenues

Fieldstone

On-Roll Assessments	$405,604.04			$405,604.04	
Off-Roll Assessments	560,310.03			560,310.03	
Developer Contributions	0.08			0.08	
Inter-Fund Transfers In	(0.74)			(0.74)	
On-Roll Assessments		$407,672.25		407,672.25	
Off-Roll Assessments		576,662.25		576,662.25	
Other Assessments		1,318,431.93		1,318,431.93	
Other Assessments		1,598,543.16		1,598,543.16	
Developer Contributions			$2,664,888.01	2,664,888.01	
Other Income & Other Financing Sources			119,559.85	119,559.85	
Inter-Fund Transfers In			0.74	0.74	
North River Ranch CDD
Developer Contributions	
$21,005.02			
21,005.02	
Inter-Fund Group Transfers In		($38.74)		(38.74)	
Inter-Fund Transfers In			$38.74	38.74	
North River Ranch ISD					
Developer Contributions	$90,935.72								90,935.72	
Other Income & Other Financing Sources	100.00								100.00	
Developer Contributions					$12,845.18				12,845.18	
Total Revenues	$1,077,954.15		$3,901,270.85		$2,797,332.52		$0.00		$7,776,557.52	

Expenses

Fieldstone

Trustee Services	$6,384.81	$6,384.81	
Assessment Administration	12,500.00	12,500.00	
Postage & Shipping	18.05	18.05	
Legal Advertising	66.69	66.69	
Miscellaneous	8,842.74	8,842.74	
Property Taxes	74.50	74.50	
Web Site Maintenance	700.00	700.00	
Dues, Licenses, and Fees	425.35	425.35	

North River Ranch Improvement Stewardship District	
Statement of Activities	
As of 2/28/2022	
	
General Fund	
Debt Service Fund	
Construction Fund	
Long-Term Debt Fund	
Total	
Activities Director	10,924.06				10,924.06	
Electric	19,996.88				19,996.88	
Clubhouse Electric	6,654.84				6,654.84	
Water Reclaimed	8,407.90				8,407.90	
Amenity - Cable TV / Internet	8,902.53				8,902.53	
Amenity - Landscape Maintenance	20,152.00				20,152.00	
Amenity - Irrigation Repairs	7,208.44				7,208.44	
Amenity - Pool Maintenance	8,000.00				8,000.00	
Amenity - Janitorial	7,242.14				7,242.14	
Amenity - Pest Control	13,208.84				13,208.84	
Equipment Rental	10,563.76				10,563.76	
General Insurance	2,963.00				2,963.00	
Irrigation - Repair and Maintenance	7,395.43				7,395.43	
Lake Maintenance	11,600.00				11,600.00	
Landscaping Maintenance & Material	105,838.72				105,838.72	
Landscape Improvements	42,900.00				42,900.00	
Wetland Mitigation	4,775.00				4,775.00	
Contingency	1,340.00				1,340.00	
Equipment Repair & Maintenance	1,330.81				1,330.81	
Cleaning	9,055.00				9,055.00	
Lighting	195.77				195.77	
Principal Payment - S19A2		$715,000.00			715,000.00	
Principal Payment - S19A2 Morgan's Glen		1,325,000.00			1,325,000.00	
Interest Payments - S19A1		250,376.25			250,376.25	
Interest Payments - S19A2		21,868.14			21,868.14	
Interest Payments - S19A1 Morgan's Glen		135,555.00			135,555.00	
Interest Payments - S19A2 Morgan's Glen		128,635.00			128,635.00	
Principal Payments - S21B		845,000.00			845,000.00	
Interest Payments - S21B		80,548.89			80,548.89	
Engineering			$40,279.50		40,279.50	
Contingency			1,821,077.82		1,821,077.82	
Engineering			$567.00		567.00	
Contingency			115,843.59		115,843.59	

	General Fund		Debt Service Fund		Construction Fund		Long-Term Debt Fund		Total	
North River Ranch CDD										
Trustee Services	$7,704.16								7,704.16	
Engineering	6,930.00								6,930.00	
Postage & Shipping	5.30								5.30	
Copies	281.71								281.71	
Legal Advertising	62.01								62.01	
Web Site Maintenance	800.00								800.00	
Dues, Licenses, and Fees	175.00								175.00	
General Insurance	2,506.00								2,506.00	
Interest Payments (S2020-A1)			$153,212.50						153,212.50	
Interest Payments (S2020-A2)			105,210.00						105,210.00	
Interest Payments (S2020-A3)			100,106.25						100,106.25	
Engineering					$83,771.50				83,771.50	
Contingency					2,716,714.64				2,716,714.64	
North River Ranch ISD										
Supervisor Fees	$5,000.00								5,000.00	
Management	29,166.65								29,166.65	
Dissemination Agent	7,500.00								7,500.00	
District Counsel	7,376.23								7,376.23	
Postage & Shipping	53.80								53.80	
Copies	280.55								280.55	
Legal Advertising	928.90								928.90	
Office Supplies	125.00								125.00	
Web Site Maintenance	900.00								900.00	
Dues, Licenses, and Fees	175.00								175.00	
Activities Director of Fun	2,001.70								2,001.70	
General Insurance	37,892.00								37,892.00	
Engineering					$5,915.00				5,915.00	
District Counsel					2,121.00				2,121.00	
Contingency					21,475.00				21,475.00	
Total Expenses	$447,531.27		$3,860,512.03		$4,807,765.05		$0.00		$9,115,808.35	

General Fund		Debt Service Fund		Construction Fund		Long-Term Debt Fund		Total	
Other Revenues (Expenses) & Gains (Losses)

Fieldstone
Interest Income Interest Income Interest Income Interest Income Interest Income
North River Ranch CDD
Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)	

$41.10

$41.10		

$21.89 8.67

$8.78

$39.34		

$1.71 0.37

$53.78

$55.86		

$0.00		

$41.10 21.89
8.67
1.71
0.37

8.78
53.78
$136.30	
Change In Net Assets	$630,463.98		$40,798.16		($2,010,376.67)		$0.00		($1,339,114.53)	

Net Assets At Beginning Of Year	
($16,883.72)		
$3,097,780.81		
$1,374,262.15		
$0.00		
$4,455,159.24	

Net Assets At End Of Year	
$613,580.26		
$3,138,578.97		
($636,114.52)		
$0.00		
$3,116,044.71	

Actual	Budget	Variance

FY 2022
Adopted Budget

Revenues	
On-Roll Assessments Off-Roll Assessments Developer Contributions
Other Income & Other Financing Sources	$	405,604.04
560,310.03
111,940.82
100.00		$	- 441,341.46
-
-		$	405,604.04
118,968.57
111,940.82
100.00		$	-
1,059,219.50
-
-	
Net Revenues	$	1,077,954.89		$	441,341.46		$	636,613.43		$ 1,059,219.50	
General & Administrative Expenses
Supervisor Fees POL Insurance Trustee Services District Management Engineering Dissemination Agent District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Bank Fees Miscellaneous Office Supplies Property Taxes
Web Site Maintenance Dues, Licenses, and Fees Activities Director of Fun Maintenance Staff	

$	

5,000.00
- 14,088.97
29,166.65
6,930.00
7,500.00
7,376.23
12,500.00
-
-
-
-
- 77.15
562.26
1,057.60
- 8,842.74
125.00
74.50
2,400.00
775.35
12,925.76
-		

$	

5,000.00
2,508.33
6,250.00
29,166.67
14,583.33
8,333.33
12,500.00
8,333.33
416.67
5,000.00
833.33
208.33
83.33
125.00
208.33
2,083.33
150.00
1,145.83
104.17
20.83
1,125.00
72.92
41,666.67
6,250.00		
$	
- (2,508.33)
7,838.97
(0.02)
(7,653.33)
(833.33)
(5,123.77)
4,166.67
(416.67)
(5,000.00)
(833.33)
(208.33)
(83.33)
(47.85)
353.93
(1,025.73)
(150.00)
7,696.91
20.83
53.67
1,275.00
702.43
(28,740.91)
(6,250.00)		
$	12,000.00
6,020.00
15,000.00
70,000.00
35,000.00
20,000.00
30,000.00
20,000.00
1,000.00
12,000.00
2,000.00
500.00
200.00
300.00
500.00
5,000.00
360.00
2,750.00
250.00
50.00
2,700.00
175.00
100,000.00
15,000.00	
Total General & Administration Expenses	$	109,402.21		$	146,168.73		$	(36,766.52)		$	350,805.00	

Actual	Budget	Variance

FY 2022
Adopted Budget

Brightwood Pavilion - Amenity												
Clubhouse Electric	$	4,241.30		$	5,000.00		$	(758.70)		$	12,000.00	
Clubhouse Water		-			150.00			(150.00)			360.00	
Amenity - Cable TV / Internet / Wi-Fi		5,407.16			3,750.00			1,657.16			9,000.00	
Amenity - Landscape Maintenance		20,152.00			25,000.00			(4,848.00)			60,000.00	
Amenity - Irrigation Repairs		7,208.44			4,166.67			3,041.77			10,000.00	
Amenity - Pool Maintenance		4,500.00			4,500.00			-			10,800.00	
Amenity - Exterior Cleaning		-			3,750.00			(3,750.00)			9,000.00	
Amenity - Interior Cleaning		5,351.98			2,000.00			3,351.98			4,800.00	
Amenity - Pest Control		13,208.84			6,250.00			6,958.84			15,000.00	
Amenity - Fitness Equipment Leasing		-			3,475.00			(3,475.00)			8,340.00	
Amenity - Envera Security - 8 monitored Camaras		-			5,000.00			(5,000.00)			12,000.00	
Total Brightwood Pavilion - Amenity	$	60,069.72		$	63,041.67		$	(2,971.95)		$	151,300.00	
Expenses												
Riverfield Verandah - Amenity												
Clubhouse Electric	$	2,413.54		$	1,562.50		$	851.04		$	3,750.00	
Clubhouse Water		-			112.50			(112.50)			270.00	
Amenity - Cable TV / Internet / Wi-Fi		3,495.37			1,250.00			2,245.37			3,000.00	
Amenity - Landscape Maintenance		-			1,875.00			(1,875.00)			4,500.00	
Amenity - Pool Maintenance		3,500.00			2,700.00			800.00			6,480.00	
Amenity - Exterior Cleaning		-			1,875.00			(1,875.00)			4,500.00	
Amenity - Interior Cleaning		1,890.16			1,481.25			408.91			3,555.00	
Amenity - Envera Security - 8 monitored Camaras		-			2,233.13			(2,233.13)			5,359.50	
Total Riverfield Verandah - Amenity Expenses	$	11,299.07		$	13,089.38		$	(1,790.31)		$	31,414.50	

Actual	Budget	Variance

FY 2022
Adopted Budget

Field Expenses												
Electric	$	19,996.88		$	5,833.33		$	14,163.55		$	14,000.00	
Equipment Rental		10,563.76			12,500.00			(1,936.24)			30,000.00	
General Insurance		43,361.00			2,083.33			41,277.67			5,000.00	
Property & Casualty Insurance		-			10,416.67			(10,416.67)			25,000.00	
Water Reclaimed		8,407.90			4,166.67			4,241.23			10,000.00	
Mitigation		-			500.00			(500.00)			1,200.00	
Stormwater - Repair and Maintenance		-			10,416.67			(10,416.67)			25,000.00	
Irrigation - Repair and Maintenance		7,395.43			416.67			6,978.76			1,000.00	
Lake Maintenance		11,600.00			20,833.33			(9,233.33)			50,000.00	
Landscaping Maintenance & Material		105,838.72			104,166.67			1,672.05			250,000.00	
Landscape Improvements		42,900.00			10,416.67			32,483.33			25,000.00	
Wetland Mitigation		4,775.00			-			4,775.00			-	
Contingency		1,340.00			208.33			1,131.67			500.00	
Equipment Repair & Maintenance		1,330.81			416.67			914.14			1,000.00	
Street Sweeping		9,055.00			15,416.67			(6,361.67)			37,000.00	
Lighting		195.77			416.67			(220.90)			1,000.00	
Streetlights - Leasing		-			20,833.33			(20,833.33)			50,000.00	
Total Field Expenses	$	266,760.27		$	219,041.68		$	47,718.59		$	525,700.00	

Total Expenses	
 $		
447,531.27			
$		
441,341.46			
$		
6,189.81		
$ 1,059,219.50 	
Income (Loss) from Operations	$	630,423.62		$	-		$	630,423.62		$	-	
Other Income (Expense)												
Interest Income	$	41.10		$	-		$	41.10		$	-	
Total Other Income (Expense)	$	41.10		$	-		$	41.10		$	-	
Net Income (Loss)	$	630,464.72		$	-		$	630,464.72		$	-