TERRACINA COMMUNITY DEVELOPMENT
DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING FEBRUARY 12, 2024
9:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410
www.terracinacdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
TERRACINA COMMUNITY DEVELOPMENT DISTRICT
Meeting Room of the Nexus at Vista Park 2101 Vista Parkway
West Palm Beach, Florida 33411
REGULAR BOARD MEETING
February 12, 2024
9:00 a.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
December 11, 2023 Regular Board Meeting Minutes…	Page 2
Old Business
Discussion Regarding POA Electrical Service to Fountains/Aerators in District Lakes…	Page 4
Update on Sinkhole Project
New Business
Review of Fountain Spreadsheet…	Page 6
Consider Resolution No. 2024-01 – Adopting a Fiscal Year 2024/2025 Proposed Budget. Page 7
Administrative Matters
Financial Report…	Page 14
Board Members Comments
Adjourn

PROOF OF PUBLICATION

LOCALiQ
The Gainesville Sun I The Ledger Daily commercial I Ocala starBanner News Chief I Herald-Tribune
News Herald I The Palm Beach Post
Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024

Te1ncina Cdd Te1rncina Cdd 250 I BURNS RD STEA

REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN that
the Boord of Supervisors of the Terracina Community Development District will hold Regular Meetings at 9:00 o.m. in a Meeting Room of The Nexus at Vista Pork located at 2101 Vista Parkway, West Palm Beach, Florido 33411, on the follow­ ing dotes:

PALM BEACH GARDENS FL 334105207

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the Palm Beach Post, published in Palm Beach County, Florida; that the attached copy of advertisement, being a Public Notices, was published on the publicly accessible website of Palm Beach County, Florida, or in a newspaper by print in the issues of, on:

09/29/2023

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.

Notary,

My commision expires

Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 09/29/2023

Publication Cost:	$241.02	
Order No:	9317567	
Customer No:
PO#:	730524	
THIS IS NOT	AN INVOICE!	

# of Copies:
1

Please do 110/ use this formfor pay111e11/ re111i11ance.

October 9, 2023
November 13, 2023
December 11, 2023
January B, 2024
February 12, 2024
Morch 4, 2024
April 81 2024
May 13, 2024
June 10, 2024
July B, 2024
August 12, 2024
September 9, 2024
The purpose of the meetings is to conduct any business coming before the Boord. The meetings ore open to the public ond will be conducted in accordance with the provisions of Florido low. Copies of the Agendas for any of the meetings moY be obtained from the District's website or bY contacting the District Manager at {561) 630-4922 and/or toll free ot l-877-737-4922 prior to the date of the particular meeting.
From time to time one or more Supervisors moy porticipofe by tele­ phone; therefore, of the location of these meetings there will be a speaker telephone present so that interested persons can attend the meetings at the above location and be fully informed of the discussions toking place either in person or by telephone communication. Meetings may be continued as found neces­ sary too time and place specified on the record.
If ony person decides to appeal ony decision made with respect to ony matter considered at these meet­ ings, such person will need a record of the proceedings and such person may need to insure that o verbatim record of the proceedings is mode ot his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accom­ modations or on interpreter to participate at any of these meetings should contact the District Manager at (561) 630-4922 ond/or toll free of 1-
877-737-4922 at least seven (7) days prior to the date of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
TERRACINA	COMMUNITY DEVELOPMENT DISTRICT
www.terrocinocdd.org
9mm 9317567

NICOLE JACOBS
Notary Public State of Wisconsin

Page 1 of 1

TERRACINA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
DECEMBER 11, 2023

CALL TO ORDER

The December 11, 2023, Regular Board Meeting of the Terracina Community Development District (the “District”) was called to order at 9:04 a.m. in a Meeting Room of the Nexus at Vista Park located at 2101 Vista Parkway, West Palm Beach, Florida 33411.

PROOF OF PUBLICATION

Proof of publication was presented indicating that notice of the Regular Board Meeting had been published in the Palm Beach Post on September 29, 2023, as part of the District’s Fiscal Year 2023/2024 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Present and constituting a quorum were Chairman Guy Colella and Supervisors Sheik Ameer, Linda Colella and Jose Esquerte and all was in order to proceed with the meeting.

Staff present included District Manager Sylvia Bethel of Special District Services, Inc.
ADDITIONS OR DELETIONS TO THE AGENDA
There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
November 13, 2023, Regular Board Meeting
The minutes of the November 13, 2023, Regular Board Meeting were presented and the Board was asked if there were any comments or questions.
A motion was made by Mr. Esquerete, seconded by Mrs. Colella and unanimously passed approving the minutes of the November13, 2023, Regular Board Meeting, as presented.

OLD BUSINESS
Discussion Regarding POA Electrical Service to Fountains/Aerators in District Lakes
Consider Banner Electric’s Proposal for Fountain Meters
Ms. Bethel advised that FPL had been back and forth and indicated that they did not do proposals. They will send the meters out, but do not offer proposals for this work. Ms. Bethel explained that she and Mr. Banner had a meeting with the newest representative, Francesca, who explained that they do not do this work, they would get a third party to complete this for commercial properties. They take care of meters and inspections. Ms. Bethel stated that the first representative, Mary, was correct, and

the District would still need an electrician to complete the project. Mr. Colella inquired about the solar proposal, asking if both proposals were needed. Mr. Esquerete replied that they were. The meters would have to be in place first then solar. Mrs. Colella asked about the proposal Mr. Ameer was supposed to provide, in which Mr. Ameer stated he did not have it. Mr. Ameer asked that Ms. Bethel reach out to the HOA manager to get the information for the electrician to get another proposal for the fountain meters. The Board agreed to get another proposal before making a final decision.

Update on Sinkhole Project

Ms. Bethel stated that the contract was signed by Mr. Colella and the vendor began the project last Thursday, December 7th - Saturday, December 9th. If they need more time, it will run into this week’s Thursday. Mr. Colella suggested that the vendor send before and after pictures. Mr. Ameer asked who would check the work to confirm completion and Mr. Colella stated that would be what the pictures were for, showing the job completed.

NEW BUSINESS
Consider Han Solar Proposal for Fountains

Ms. Bethel indicated she would bring this proposal, as well as a second one, to the next meeting for discussion.

ADMINISTRATIVE MATTERS
Financial Report
Ms. Bethel directed the Board to the financial report for their review. Mr. Colella noted it was the first month of the new fiscal year, so there was not much to explain.
BOARD MEMBER COMMENTS

Mrs. Colella advised that the back right fountain was out. Ms. Bethel indicated she would, again, follow-up with Mr. Roberts, noting that he was busy and was out in the field when she previously called him for an update.

ADJOURNMENT
There being no further business to come before the Board, a motion was made by Mr. Esquerete, seconded by Mrs. Colella adjourning the Regular Board Meeting at 9:23 a.m. Upon being put to a vote, the motion carried unanimously.

Secretary/Assistant Secretary	Chair/Vice-Chair

0co

-

co
ro
en
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.
(l_

Banner Electric Inc.
LI . # EC I 3007194 P..	Box 20064
\\'PB, Pl. 33416
(561) 541-1873
lorcnbanner  gmail. 0111

To Sylvia Bethel
tten:
Date
08/27/23

Instruction: Terracina 6565 Del Verde Blvd. WPB, Fl. 33413
RE: New electrical services for 8 pond fountains

Ship To

Fountains 1 & 2, 200-amp.	$18,920.00

Includes $10,000.00 for din:ctional boring.

Fountains 3 & 4, 200-arnp.	7,792.97

Fountain 5, 100-amp.	$7,500.00

Foumain 6, 100-amp.	17,500.00

Including $10,000 for directional boring.

Fountains 7 & 8, 200-amp.	$7,792.97

If there are any questions or: concerns
please feel free to call.
Total:	$59,506.04 Due date:

Thank ) ou for your business!

Tel: [Telephone] Fax: [Fax]

Email: [Email]
Web: [Web address]

Attention:Terracina HOA

PROPOSAL HAN SOLAR
561-320-6188
info@hansolar.com

1401 Forum Way #210 West Palm Beach FL 33401

Date: 11/22/23

Project Title: Terracina Project Description: Electrical

Description	Quantity	Unit Price	Cost	
Fountain #1 and #2
200 amps (includes directional boring)		$17,890.00	$17,890.00	
Fountain #3 and #4
200 amps		$7,150.00	$7,150.00	
Fountain #5
100 amps		$6,990.00	$6,990.00	
Fountain #6
100 amps (with directional boring)		$17,490.00	$17,490.00	
Fountain #7 and #8
200 amps		$7,150.00	$7,150.00	
			$0.00	
			$0.00	
			$0.00	
		Subtotal	$56,670.00	
			$0.00	
		Total	$56,670.00	

Invoice Number: 67890 Terms:

1	1	Aqua
Control	
7.5	
230v / 1p	
Titian	Fluer Di
Lis	
2019	4
Year	
2023	
4 x 80w LED	
250'	
3 YEARS	
2022	2019 - Replaced Both
Cables after install							
2	2	Aqua
Control	
7.5	
230v / 1p	
Titian	Fluer Di
Lis	
2019	4
Year	
2023	
4 x 80w LED	
250'	
3 YEARS	
2022	2019 - Replaced Both
Cables after install				
$2,625.00			

3	
3	
Aqua Master	

5	

230v / 1p	

N/A	

Geyser	

2018	

N/A	

N/A	

4 x 30w LED	

450'	

N/A	

N/A	Replaced Motor, replaced capacitors , Repaired
Lights			

02.20.23 Fountain Lights	
$1730.00 Total Inv $3460 Inv#24676			

4	

4	

Aqua Master	

5	

230v / 1p	

N/A	

Geyser	

2018	

N/A	

N/A	

4 x 30w LED	

300'	

N/A	

N/A	

Replaced Motor, replaced GFCI	08.10.22 1X Fountain / Aerator Maintenance Services-AM Power Unit Factory Repair-5HP, Removal, Handling Shipment Prep, Re- Assembly and Installation Approved 09.12.22	

$2,625 Paid 06.01.23	02.20.23 Fountain Lights
04.12.23 1X Fountain/Aerator Maint Services-AM Power Unit Factory Repair-5HP, Removal, Handling Shipment Prep, Re- Assembly and Installation	

$1730.00 Total Inv $3460 Inv#24676 $2625.00 Inv#20527			

5	

5	

Cascade	

7.5	

230v / 1p	

N/A	

Geyser	

N/A		

No	

3 x 80w LED	

300'	

3 YEARS	

N/A	
12/2020 - Replaced Pump Cables Motor and Pump) 6/2019 - replaced Light cable, Installed New LED	
04.08.22 Proposal Approved:
04.11.22 New Set of White LED Submersible Fountain Lights Warranty: 3 year Parts, 1 year Labor	$2,630.00
(2630*3 for fountain 5,6,7
paid 7890.00 on
01.06.23)	

12.14.23 Motor Control Box Delox 7.5hp	

1195			

6	

6	

Cascade	

7.5	

230v / 1p	

N/A	

Geyser	

N/A		

No	

3 x 80w LED	

200'	

3 YEARS	

N/A	2016 - New Motor, New Nozzle, Replaced Motor Control, 2017 - Replaced capacitors 2018 - placed capacitors and GFI, 2019 - Installed New LED	

04.08.22 Proposal Approved:
04.11.22 New Set of White LED Submersible Fountain Lights Warranty: 3 year Parts, 1 year Labor	

Est $2,630.00					
7																					
8																					
9																					
10																					

11	

7	

Aqua Control	

5	

230v / 1p	

Select Series 2	

Trillium	

2020	

5
Year	

2025	

3 x 30w LED	

250'	

3 YEARS	

2023	

Replaced Both Motor and Light Cables	
04.08.22 Proposal Approved:
04.11.22 New Set of White LED Submersible Fountain Lights Warranty: 3 year Parts, 1 year Labor	

Est $2,630.00	

12.19.23 1x Motor Replacement Only Part Covered under Warranty	

600			
12	8	Aqua
Control	
5	
230v / 1p	Select Series
2	
Trillium	
2020	5
Year	
2025	
3 x 30w LED	
250'	
3 YEARS	
2023	Replaced Both Motor and
Light Cables							

LAST 2 REMOVED FOUNTAINS

TERRACINA FOUNTAIN INFORMATION LIST (12/1/2020) updated 05.11.22

Allstate

11	
Lake 1 then Lake 11	

Cascade	

7.5	

230v / 1p	

Geyser	

N/A	

No	

3 x 80w LED	

250	Moved from Lake 1 to Lake 11, Lots of work been done to fountain prior to being moved	

12	
lake 2 then Lake 12	

Cascade	

7.5	

230v / 1p	

Geyser	

N/A	

No	

3 x 80w LED	

250	Moved from Lake 2 to Lake 12, Lots of work been done to fountain prior to being moved	

05.25.22 Proposal Approved 07.11.22
New light cable 275ft-	Est $775.00

12.14.23 1x Fountain/ Aerator Maint Services-Parts under warranty, Install & Materials only 12.14.23 Fountain/Service-
Motor Cable 4-wire 8 G_275 Feet Kit, Install
& Materials	12.14.23 $600 12.14.23 3,348.00

RESOLUTION NO. 2024-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TERRACINA COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Terracina Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2024/2025 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE TERRACINA COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2024/2025 attached hereto as Exhibit “A” is approved and adopted.

Section 2.	A Public Hearing is hereby scheduled for April 8, 2024 at 9:00 a.m. in the Nexus at Vista Park, 2101 Vista Parkway, West Palm Beach, Florida 33411, for the purpose of receiving public comments on the Proposed Fiscal Year 2024/2025 Budget.

PASSED, ADOPTED and EFFECTIVE this 12th day of February, 2024.

ATTEST:	TERRACINA
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Terracina Community Development District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O & M ASSESSMENTS	 7 0 	
DE%T ASSESSMENTS	3 0 7	
OTHER REVENUES	0	
INTEREST INCOME	 0	
		
TOTAL REVENUES	$	485,608	
		
EXPENDITURES		
SUPERVISOR FEES	7 000	
PAYROLL TAXES EMPLOYER	560	
A4UATIC LA.E MAINTENANCE	23 000	
FOUNTAIN MAINTENANCE	 000	
ENGINEERING INSPECTIONS	6 000	
MANAGEMENT	3 2 	
SECRETARIAL	 200	
LEGAL	7 000	
ASSESSMENT ROLL	 000	
AUDIT FEES	3 500	
INSURANCE	7 500	
LEGAL ADVERTISING	 00	
MISCELLANEOUS	 000	
POSTAGE	250	
OFFICE SUPPLIES	600	
DUES & SU%SCRIPTIONS	 75	
TRUSTEE FEES	 000	
CONTINUING DISCLOSURE FEE	350	
:E%SITE MANAGEMENT	2 000	
CONTINGENCY FOUNTAINS	2 600	
		
TOTAL EXPENDITURES	$	161,259	
		
REVENUES LESS EXPENDITURES	$	324,349	
		
%OND PAYMENTS	(295 2 2)	
		
BALANCE	$	29,10 	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(9 702)	
DISCOUNT FOR EARLY PAYMENTS	( 9 05)	
		
EXCESS/ S+ORTFALL 	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS / S+ORTFALL 	$	-	

DETAILED PROPOSED BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023
ACTUAL	
FISCAL YEAR 2023/2024
BUDGET	
FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	
O & M ASSESSMENTS	171 453	171 346	171 041	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS	313 602	314 087	314 087	Bond Payment /.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	5 964	240	480	ProMected At $40 Per Month	
					
TOTAL REVENUES	$	491,019	$	485,673	$	485,608		
					
EXPENDITURES					
SUPERVISOR FEES	5 400	7 000	7 000	No Change From 2023/2024 Budget	
PAYROLL TAXES EMPLOYER	413	560	560	Supervisor Fees 8.00 	
AQUATIC LAKE MAINTENANCE	20 940	25 000	23 000	$2 000 Decrease From 2023/2024 Budget	
FOUNTAIN MAINTENANCE	21 655	15 000	18 000	$3 000 Increase From 2023/2024 Budget	
ENGINEERING/INSPECTIONS	5 312	6 000	6 000	No Change From 2023/2024 Budget	
MANAGEMENT	35 952	37 020	38 124	CPI AdMustment (Capped At 3 )	
SECRETARIAL	4 200	4 200	4 200	No Change From 2023/2024 Budget	
LEGAL	7 453	5 000	7 000	$2 000 Increase From 2023/2024 Budget	
ASSESSMENT ROLL	8 000	8 000	8 000	No Change From 2023/2024 Budget	
AUDIT FEES	4 225	4 325	3 500	Accepted Amount For 2023/2024 Audit	
INSURANCE	6 442	7 000	7 500	Fiscal Year 2023/2024 Expenditure Was $6 925	
LEGAL ADVERTISING	1 153	1 400	1 400	No Change From 2023/2024 Budget	
MISCELLANEOUS	469	1 050	1 000	$50 Decrease From 2023/2024 Budget	
POSTAGE	98	275	250	$25 Decrease From 2023/2024 Budget	
OFFICE SUPPLIES	612	600	600	No Change From 2023/2024 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2023/2024 Budget	
TRUSTEE FEES	3 500	4 250	4 000	$250 Decrease From 2023/2024 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2023/2024 Budget	
WEBSITE MANAGEMENT	2 000	2 000	2 000	No Change From 2023/2024 Budget	
CONTINGENCY/FOUNTAINS	11 900	32 100	28 600	Contingency	
					
TOTAL EXPENDITURES	$	140,249	$	161,305	$	161,259		
					
REVENUES LESS EXPENDITURES	$	350,770	$	324,368	$	324,349		
					
BOND PAYMENTS	(298 958)	(295 242)	(295 242)	2025 Principal & Interest Payments	
					
BALANCE	$	51,812	$	29,126	$	29,107		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(3 100)	(9 709)	(9 702)	Two Percent Of Total Assessment Roll	
DISCOUNT FOR EARLY PAYMENTS	(18 036)	(19 417)	(19 405)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	30,676	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0	Carryover From Prior Year	
					
NET EXCESS / (SHORTFALL)	$	30,676	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
5 326	
100	
400	
ProMected Interest For 2024/2025	

NAV Tax Collection	
298 958	
295 242	
295 242	
Maximum Debt Service Collection	

Total Revenues	
$	304,284	
$	295,342	
$	295,642		

EXPENDITURES					

Principal Payments	
236 000	
241 000	
247 000	
Principal Payment Due In 2025	

Interest Payments	
61 711	
53 333	
47 599	
Interest Payments Due In 2025	

Bond Redemption	
0	
1 009	
1 043	
Estimated Excess Debt Collections	

Total Expenditures	
$	297,711	
$	295,342	
$	295,642		

Excess/ (Shortfall)	
$	6,573	
$	-	
$	-		

Series 2021 Bond Refunding Information

Original Par Amount =	$2 856 000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.350%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	June 2021			
Maturity Date =

Par Amount As Of 1/1/24 =	May 2032

$2 390 000			

Page 13

Terracina Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2021/2022	2022/2023	2023/2024	2024/2025	
  Assessment*	  Assessment*		Assessment*		  Projected Assessment*		
O & M	$	372.80	$	372.67	$	372.50	$	371.83	
	Debt		  $	684.29	  $	684.29	 $	684.29	 $	684.29	
Total	$	1,057.09	$	1,056.96	$	1,056.79	$	1,056.12	

* Assessments Include the Following	 4% Discount for Early Payments
1% County Tax Collector Fee

Total Units	460	
Prepayments	1	
Billed for Debt	459	

2/5/2024 12 21 PM		

1% County Property Appraiser Fee Community Information	

IV

Terracina Community Development District

Financial Report For January 2024

TERRACINA COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JANUARY 2024

REVENUES	
Annual Budget
10/1/23 9/30/24	

Actual Jan 24	Year To Date Actual
10/1/23 1/31/24	
O & M ASSESSMENTS	171,346	2,925	152,960	
DEBT ASSESSMENTS	314,087	5,373	280,990	
OTHER REVENUES	0	0	0	
INTEREST INCOME	240	0	832	
				
Total Revenues	$	485,673	$	8,298	$	434,782	
				
EXPENDITURES				
SUPERVISOR FEES	7,000	0	800	
PAYROLL TAXES EMPLOYER	560	0	61	
A4UATIC LA.E MAINTENANCE	25,000	1,745	6,980	
FOUNTAIN MAINTENANCE	15,000	640	8,303	
ENGINEERING INSPECTIONS	6,000	0	0	
MANAGEMENT	37,020	3,085	12,340	
SECRETARIAL	4,200	350	1,400	
LEGAL	5,000	0	427	
ASSESSMENT ROLL	8,000	0	0	
AUDIT FEES	4,325	0	0	
INSURANCE	7,000	0	6,925	
LEGAL ADVERTISING	1,400	0	18	
MISCELLANEOUS	1,050	10	158	
POSTAGE	275	0	9	
OFFICE SUPPLIES	600	49	163	
DUES & SUBSCRIPTIONS	175	0	175	
TRUSTEE FEES	4,250	0	0	
CONTINUING DISCLOSURE FEE	350	0	0	
WEBSITE MANAGEMENT	2,000	167	667	
CONTINGENCY FOUNTAINS	32,100	0	15,250	
				
Total Expenditures	$	161,305	$	6,046	$	53,676	
				
REVENUES LESS EXPENDITURES	$	324,368	$	2,252	$	381,106	
				
BOND PAYMENTS	(295,242)	(5,160)	(267,108)	
				
BALANCE	$	29,126	$	 2,908 	$	113,998	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(9,709)	(80)	(4,937)	
DISCOUNTS FOR EARLY PAYMENTS	(19,417)	(249)	(17,273)	
				
EXCESS/ SHORTFALL 	$	 	$	 3,237 	$	91,788	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
Net Excess/ SKortfall 	$	 	$	 3,237 	$	91,788	

Bank Balance As Of 1/31/24	$	471,276.39	
Accounts Payable As Of 1/31/24	$	273,843.29	
Accounts Receivable As Of 1/31/24	$	 	
Available Funds As Of 1/31/24	$	197,433.10	

Terracina Community Development District
Budget vs. Actual
October 2023 through January 2024

Oct '23 Jan 24	23/24 Budget	$ Over Budget	% of Budget
			
Income

363.100 • O & M Assessments	152,959.64		171,346.00		-18,386.36		89.27%	
363.810 • Debt Assessments	280,989.95		314,087.00		-33,097.05		89.46%	
363.820 • Debt Assessment Paid To Trustee	-267,107.72		-295,242.00		28,134.28		90.47%	
363.830 • Tax Collector Fee	-4,936.77		-9,709.00		4,772.23		50.85%	
363.831 • Discounts For Early Payment	-17,272.74		-19,417.00		2,144.26		88.96%	
369.401 • Interest Income	832.04		240.00		592.04		346.68%	
Total Income	145,464.40		161,305.00		-15,840.60		90.18%	
Expense								
511.122 • PR Tax Expense	61.20		560.00		-498.80		10.93%	
511.131 • Supervisor Fees	800.00		7,000.00		-6,200.00		11.43%	
511.301 • Aquatic Lake Maintenance	6,980.00		25,000.00		-18,020.00		27.92%	
511.307 • Fountain Maintenance	8,303.00		15,000.00		-6,697.00		55.35%	
511.310 • Engineering	0.00		6,000.00		-6,000.00		0.0%	
511.311 • Management Fees	12,340.00		37,020.00		-24,680.00		33.33%	
511.312 • Secretarial Fees	1,400.00		4,200.00		-2,800.00		33.33%	
511.315 • Legal Fees	427.50		5,000.00		-4,572.50		8.55%	
511.318 • Assessment/Tax Roll	0.00		8,000.00		-8,000.00		0.0%	
511.320 • Audit Fees	0.00		4,325.00		-4,325.00		0.0%	
511.450 • Insurance	6,925.00		7,000.00		-75.00		98.93%	
511.480 • Legal Advertisements	17.90		1,400.00		-1,382.10		1.28%	
511.512 • Miscellaneous	158.49		1,050.00		-891.51		15.09%	
511.513 • Postage and Delivery	8.53		275.00		-266.47		3.1%	
511.514 • Office Supplies	163.25		600.00		-436.75		27.21%	
511.540 • Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 • Trustee Fees	0.00		4,250.00		-4,250.00		0.0%	
511.734 • Continuing Disclosure Fee	0.00		350.00		-350.00		0.0%	
511.750 • Website Management	666.64		2,000.00		-1,333.36		33.33%	
511.800 • Contingency/Fountains	15,250.00		32,100.00		-16,850.00		47.51%	
Total Expense	53,676.51		161,305.00		-107,628.49		33.28%	
Net Income		91,787.89			0.00			91,787.89			100.0%	

Terracina Community Development District
Expenditures
October 2023 through January 2024

Date	Invoice	Vendor	Memo	Amount
Expenditures
511.122 • PR Tax Expense	

11/16/2023		

PR 12.11.23				

mtg 12.11.23ck 12.13.23 (Colella L, Colella G, Esquerete -, Ameer S)		

61.20	
Total 511.122 • PR Tax Expense									61.20	
511.131 • Supervisor Fees										
	11/16/2023		PR 12.11.23				mtg 12.11.23ck 12.13.23 (Colella L, Colella G, Esquerete -, Ameer S)		800.00	
Total 511.131 • Supervisor Fees									800.00	
511.301 • Aquatic Lake Maintenance										
	10/01/2023		24826		Allstate Resource Management Inc.		Lake, Mitigation and DeEris Management Services Recurring		1,695.00	
	10/01/2023		24826		Allstate Resource Management Inc.		DeEris Removal Services Recurring		50.00	
	11/01/2023		25544		Allstate Resource Management Inc.		Lake, Mitigation and DeEris Management Services Recurring		1,695.00	
	11/01/2023		25544		Allstate Resource Management Inc.		DeEris Removal Services Recurring		50.00	
	12/01/2023		3926		Allstate Resource Management Inc.		Lake, Mitigation and DeEris Management Services Recurring		1,695.00	
	12/01/2023		3926		Allstate Resource Management Inc.		DeEris Removal Services Recurring		50.00	
	01/01/2024		4709		Allstate Resource Management Inc.		Lake, Mitigation & DeEris Management		1,695.00	
	01/01/2024		4709		Allstate Resource Management Inc.		DeEris Removal Services		50.00	
Total 511.301 • Aquatic Lake Maintenance									6,980.00	
511.307 • Fountain Maintenance										
	10/01/2023		24826		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		640.00	
	11/01/2023		25544		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		640.00	
	12/01/2023		3926		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		640.00	
	12/14/2023		5323		Allstate Resource Management Inc.		Fountain Service - Motor Control Box Delox 7.5Kp		1,195.00	
	12/14/2023		5321		Allstate Resource Management Inc.		1X Fountain / Aerator Maintenance Services- Part Under Warranty, Installation & Materials		600.00	
	12/14/2023		5319		Allstate Resource Management Inc.		Fountain/ Service- Motor CaEle 4-Zire 8 GB275 Feet .it, Installation and Materials		3,348.00	
	12/19/2023		5336		Allstate Resource Management Inc.		1X Motor replacement only Part covered under Warranty, Installation & Materials		600.00	
	01/01/2024		4709		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		640.00	
Total 511.307 • Fountain Maintenance									8,303.00	
511.311 • Management Fees										
	10/31/2023		2023-1253		Special District Services, Inc.		Management Fee Oct 2023		3,085.00	
	11/30/2023		2023-1590		Special District Services, Inc.		Management Fee Nov 2023		3,085.00	
	12/31/2023		2023-1839		Special District Services, Inc.		Management Fee Dec 2023		3,085.00	
	01/31/2024		2024-0030		Special District Services, Inc.		Management Fee -an 2024		3,085.00	
Total 511.311 • Management Fees									12,340.00	
511.312 • Secretarial Fees										
	10/31/2023		2023-1253		Special District Services, Inc.		Secretarial Fee Oct 2023		350.00	
	11/30/2023		2023-1590		Special District Services, Inc.		Secretarial Fee Nov 2023		350.00	
	12/31/2023		2023-1839		Special District Services, Inc.		Secretarial Fee Dec 2023		350.00	
	01/31/2024		2024-0030		Special District Services, Inc.		Secretarial Fee -an 2024		350.00	
Total 511.312 • Secretarial Fees									1,400.00	
511.315 • Legal Fees										
	11/29/2023		131339		CaldZell Pacetti EdZards ScKoecK & Viator		Legal Services11.29.23		360.00	
	12/21/2023		131413		CaldZell Pacetti EdZards ScKoecK & Viator		Legal Services 12.21.23		67.50	
Total 511.315 • Legal Fees									427.50	

Terracina Community Development District
Expenditures
October 2023 through January 2024

Date	Invoice	Vendor	Memo	Amount

511.450 • Insurance	
10/01/2023	
19774	
Egis Insurance & Risk Advisors	
ReneZ Policy 100123064 10/01/2023-10/01/2024	
6,925.00	
Total 511.450 • Insurance					6,925.00	
511.480 • Legal Advertisements						
	11/30/2023	0006065188	Gannett Florida Locali4	Service Fee from Last Pmt of 466.59	17.90	
Total 511.480 • Legal Advertisements					17.90	
511.512 • Miscellaneous						
	10/01/2023	10952	TKe Commons Vista Park, LLC	Terracina CDD Reg Board Mtg	25.00	
	10/31/2023	2023-1253	Special District Services, Inc.	Travel Sept 2023	10.22	
	11/16/2023	PR 12.11.23		mtg 12.11.23ck 12.13.23 (Colella L, Colella G, Esquerete -, Ameer S)	52.60	
	12/01/2023	12869	TKe Commons Vista Park, LLC	Terracina CDD Reg Board Mtg November/December 2023	50.00	
	12/31/2023	2023-1839	Special District Services, Inc.	Travel Nov 2023	10.22	
	01/31/2024	2024-0030	Special District Services, Inc.	Travel Dec 2023	10.45	
Total 511.512 • Miscellaneous					158.49	
511.513 • Postage and Delivery						
	10/31/2023	2023-1253	Special District Services, Inc.	Postage Sept 2023	8.53	
Total 511.513 • Postage and Delivery					8.53	
511.514 • Office Supplies						
	10/31/2023	2023-1253	Special District Services, Inc.	Copier Sept 2023	32.10	
	10/31/2023	2023-1253	Special District Services, Inc.	Meeting Books Sept 2023	28.00	
	11/30/2023	2023-1590	Special District Services, Inc.	Copier Oct 2023	2.25	
	12/31/2023	2023-1839	Special District Services, Inc.	Copier Nov 2023	28.05	
	12/31/2023	2023-1839	Special District Services, Inc.	Meeting Books Nov 2023	24.00	
	01/31/2024	2024-0030	Special District Services, Inc.	Copier Dec 2023	20.85	
	01/31/2024	2024-0030	Special District Services, Inc.	Meeting Books Dec 2023	28.00	
Total 511.514 • Office Supplies					163.25	
511.540 • Dues, License & Subscriptions						
	10/02/2023	88718	Department of Economic Opportunity	Fiscal Year 2023 2024 Special District State Fee	175.00	
Total 511.540 • Dues, License & Subscriptions					175.00	
511.750 • Website Management						
	10/31/2023	2023-1253	Special District Services, Inc.	Website Fee Oct 2023	166.66	
	11/30/2023	2023-1590	Special District Services, Inc.	Website Fee Nov 2023	166.66	
	12/31/2023	2023-1839	Special District Services, Inc.	Website Fee Dec 2023	166.66	
	01/31/2024	2024-0030	Special District Services, Inc.	Website Fee -an 2024	166.66	
Total 511.750 • Website Management					666.64	
511.800 • Contingency/Fountains						
	12/19/2023	4401	Green Cactus LaZn & Tree Services Inc	WasKout repair proMect	15,250.00	
Total 511.800 • Contingency/Fountains					15,250.00	
Total Expenditures					53,676.51	

Terracina Community Development District
Balance Sheet
As of January 31, 2024

Operating Fund

Capital Projects
Fund	Debt Service Fund

General Fixed
Assets Fund	Long Term Debt Fund	TOTAL

ASSETS
Current Assets Checking/Savings		
Bank Account	471,276.39		0.00		0.00	0.00		0.00		471,276.39	
Total Checking/Savings	471,276.39		0.00		0.00	0.00		0.00		471,276.39	
Total Current Assets	471,276.39		0.00		0.00	0.00		0.00		471,276.39	
Fixed Assets											
Storm Water Management	0.00		0.00		0.00	1,770,162.00		0.00		1,770,162.00	
Fountains	0.00		0.00		0.00	114,601.00		0.00		114,601.00	
Accum Depreciation Storm Water Mgt	0.00		0.00		0.00	-944,080.00		0.00		-944,080.00	
Accum Depreciation Fountains	0.00		0.00		0.00	-17,496.00		0.00		-17,496.00	
Total Fixed Assets	0.00		0.00		0.00	923,187.00		0.00		923,187.00	
Other Assets											
Investments Interest Account	0.00		0.00		24.33	0.00		0.00		24.33	
Investments Reserve Account	0.00		0.00		15,632.86	0.00		0.00		15,632.86	
Investments Revenue Account	0.00		0.00		38,778.45	0.00		0.00		38,778.45	
Investments Prepayment Fund	0.00		0.00		0.00	0.00		0.00		0.00	
Investments Sinking Fund	0.00		0.00		123.77	0.00		0.00		123.77	
Investments Cost Of Issuance Account	0.00		0.00		0.00	0.00		0.00		0.00	
A/R Non Ad Valorem Receipts	0.00		0.00		252,479.83	0.00		0.00		252,479.83	
Amount Available In DSF	0.00		0.00		0.00	0.00		307,039.24		307,039.24	
Amount To Be Provided	0.00		0.00		0.00	0.00		2,082,960.76		2,082,960.76	
Total Other Assets	0.00		0.00		307,039.24	0.00		2,390,000.00		2,697,039.24	
TOTAL ASSETS	471,276.39		0.00		307,039.24	923,187.00		2,390,000.00		4,091,502.63	
LIABILITIES & EQUITY											
Liabilities
Current Liabilities Accounts Payable
Accounts Payable	

273,843.29		

0.00		

0.00	

0.00		

0.00		

273,843.29	
Total Accounts Payable	273,843.29		0.00		0.00	0.00		0.00		273,843.29	
Total Current Liabilities	273,843.29		0.00		0.00	0.00		0.00		273,843.29	
Long Term Liabilities
Special Assessment Debt (2021)	
0.00		
0.00		
0.00	
0.00		
2,390,000.00		
2,390,000.00	
Total Long Term Liabilities	0.00		0.00		0.00	0.00		2,390,000.00		2,390,000.00	
Total Liabilities	273,843.29		0.00		0.00	0.00		2,390,000.00		2,663,843.29	
Equity											
Net Income	91,787.89		0.00		239,782.95	0.00		0.00		331,570.84	
Current Year Depreciation	0.00		0.00		0.00	0.00		0.00		0.00	
Investments in Gen Fixed Assets	0.00		0.00		0.00	1,884,763.00		0.00		1,884,763.00	
Retained Earnings	105,645.21		0.00		67,256.29	-961,576.00		0.00		-788,674.50	
Total Equity	197,433.10		0.00		307,039.24	923,187.00		0.00		1,427,659.34	
TOTAL LIABILITIES & EQUITY	471,276.39		0.00		307,039.24	923,187.00		2,390,000.00		4,091,502.63