TERRACINA COMMUNITY DEVELOPMENT
DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING MARCH 5, 2025
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
March 5, 2025
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
November 13, 2024 Regular Board Meeting Minutes…	Page 2
Old Business
New Business
Consider Resolution No. 2025-01 – Adopting a Fiscal Year 2025/2026 Proposed Budget. Page 5
Consider Approval of Allstate’s Fountain Repair Proposal…	Page 12
Review Fountain Spreadsheet…	Page 14
Administrative Matters
Financial Report…	Page 15
Board Member Comments
Adjourn

AFFIDAVIT OF PUBLICATION

LOCA
The Gainesville Sun I The Ledger Daily Commercial I Ocala StarBanner News Chief I Herald-Tribune
News Herald I The Palm Beacll Post Northwest Florida Daily News

PO Box 631244 Cincinnati, OH 45263-1244

TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024no25

Terracina Cdd Terracina Cdd 2501 BURNS RD STEA
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 Govt 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:

11/01/2024

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who

on 11/01/2024

Legal Clerk

Notary, State o WI, County of Brown

	tf	z-;	

Publication Cost	$239.93	
Tax Amount:	$0.00	
Payment Cost:	$239.93	
Order No:	10707416	
Customer No:	730524	
PO#:	reg meeting schedule	

My commission expires

# of Copies: 1

THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.

REGULAR MEETING SCHEDULE NOTICE IS HEREBY GIVEN tho!
the Boord of Supervisors of the Terracina Community Development District will hold Regular Meetings at 9:00 a.m. in a Meeting Room of The Nexus at Vista Pork located at 2101 Vista Parkway, West Palm Beach, Florido JJ411, on the follow­ ing dotes:
November 13, 2024
December 11, 2024
January 8, 2025
February 12, 2025
March 5, 2025
April 9, 2025
Moy 14, 2025
June 11, 2025
July 9, 2025
August 13, 2025
September 10, 2025
The purpose of the meetings is to conduct any business coming before the Boord. The meetings ore open to the public and will be conducted in accordance with the provisions of Florido low. Copies of the Agendas for any of the meetings may be obtained from the District's website or by contacting the District Manager at (561) 630-4922 and/or toll free at 1·877-737-4922 prior to the dote of the particular meeting.
From time to time one or more Supervisors may participate by tele­ phone; therefore, at the location of these meetings there will be a speaker telephone present so that interested persons con 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 to a time and place specified on the record.
If any person decides to appeal any decision mode with respect to any matter considered at these meet­ ings, such person will need o record of the proceedings and such person may need to ensure that o verbatim record of the proceedings is mode at 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 of (561) 630-4922 and/or loll free of 1-
877-737-4922 at least seven (7) days prior to the dote of the particular meeting.
Meetings may be cancelled from time to time without advertised notice.
TERRACINA	COMMUNITY
; ]eLr?:::;, - ;;TRICT··-----------·------·-··---- No.10707416	Nov. 1, 202<

DENISE ROBERTi"
Notary Public State of Wisconsin

Page 1 of 1

TERRACINA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 13, 2024

CALL TO ORDER

The November 13, 2024, Regular Board Meeting of the Terracina Community Development District (the “District”) was called to order at 9:05 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 November 1, 2024, as part of the District’s Fiscal Year 2024/2025 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Present and constituting a quorum were Chairman Guy Colella, Vice Chairman Chesley Saunders and Supervisors Sheik Ameer and Linda Colella 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
September 9, 2024, Regular Board Meeting
The minutes of the September 9, 2024, Regular Board Meeting were presented and the Board was asked if there were any comments or questions.
A motion was made by Mrs. Colella, seconded by Mr. Colella and unanimously passed approving the minutes of the September 9, 2024, Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2024-05 – Adopting a Fiscal Year 2023/2024 Amended Budget

Resolution No. 2024-05 was presented, entitled:

RESOLUTION NO. 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TERRACINA COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER
189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Ms. Bethel stated that this was a look back on the year and how the District did with their budget. The District stayed within budget and everything looked good. Mr. Colella gave a few highlights of the budget and inquired about the trustee fees and auditor fees being low. Ms. Bethel explained that the District had changed auditors and the trustee fees could be lower because of the loan amount being lower, but she would doublecheck. A lengthy discussion ensued. Mr. Colella inquired about utilizing the reserve savings to possibly lower assessments next year.

A motion was made by Mrs. Colella, seconded by Mr. Ameer and passed unanimously adopting Resolution No. 2023-05, as presented.

ADMINISTRATIVE MATTERS
Financial Report

Ms. Bethel asked the Board to look over the financial report while she gave fountain updates. Mrs. Colella emailed Ms. Bethel about a downed fountain a month ago. She contacted Allstate and sent a proposal for Mr. Colella to sign in order to repair the fountain. The part was ordered and the vendor should be out this week to repair it. The HOA sent an email stating that several fountains were out. Ms. Bethel emailed the vendor to come out and check the fountains. Mrs. Colella requested a copy of Allstate’s contract. Mr. Ameer requested that a map of the community be sent to the HOA. Mr. Colella requested an email be sent to the Board on the fountain updates.
A motion was made by Mr. Ameer, seconded by Mr. Saunders and unanimously passed approving Allstate’s Lake 3 Fountain Repair Proposal in the amount of $4,275.00 (New Power Unit), as presented.

BOARD MEMBER COMMENTS
There were no further comments from the Board Members.
ADJOURNMENT
There being no further business to come before the Board, a motion was made by Mr. Ameer, seconded by Mrs. Colella adjourning the Regular Board Meeting at 9:25 a.m. Upon being put to a vote, the motion carried unanimously.

	
Secretary/Assistant Secretary	Chair/Vice-Chair

RESOLUTION NO. 2025-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TERRACINA COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2025/2026; 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 2025/2026 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 2025/2026 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for June 11, 2025 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 2025/2026 Budget.

PASSED, ADOPTED and EFFECTIVE this 5th day of March, 2025.

ATTEST:	TERRACINA
COMMUNITY DEVELOPMENT DISTRICT

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

Terracina Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M ASSESSMENTS	171,024	
DEBT ASSESSMENTS	314,087	
OTHER REVENUES	0	
INTEREST INCOME	1,200	
		
TOTAL REVENUES	$	486,311	
		
EXPENDITURES		
SUPERVISOR FEES	7,000	
PAYROLL TAXES - EMPLOYER	560	
AQUATIC LAKE MAINTENANCE	23,000	
FOUNTAIN MAINTENANCE	18,000	
ENGINEERING/INSPECTIONS	5,500	
MANAGEMENT	39,228	
SECRETARIAL	4,200	
LEGAL	3,500	
ASSESSMENT ROLL	8,000	
AUDIT FEES	3,600	
INSURANCE	7,800	
LEGAL ADVERTISING	1,350	
MISCELLANEOUS	950	
POSTAGE	250	
OFFICE SUPPLIES	600	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,900	
CONTINUING DISCLOSURE FEE	350	
WEBSITE MANAGEMENT	2,000	
CONTINGENCY/FOUNTAINS	32,000	
		
TOTAL EXPENDITURES	$	161,963	
		
REVENUES LESS EXPENDITURES	$	324,348	
		
BOND PAYMENTS	(295,242)	
		
BALANCE	$	29,106	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(9,702)	
DISCOUNT FOR EARLY PAYMENTS	(19,404)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS / (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O & M ASSESSMENTS	171,261	171,041	171,024	Expenditures Less Interest & Carryover/.94	
DEBT ASSESSMENTS	313,039	314,087	314,087	Bond Payment /.94	
OTHER REVENUES	0	0	0		
INTEREST INCOME	10,302	480	1,200	Projected At $100 Per Month	
					
TOTAL REVENUES	$	494,602	$	485,608	$	486,311		
					
EXPENDITURES					
SUPERVISOR FEES	4,800	7,000	7,000	No Change From 2024/2025 Budget	
PAYROLL TAXES - EMPLOYER	367	560	560	Supervisor Fees * 8.00%	
AQUATIC LAKE MAINTENANCE	20,940	23,000	23,000	No Change From 2024/2025 Budget	
FOUNTAIN MAINTENANCE	13,423	18,000	18,000	No Change From 2024/2025 Budget	
ENGINEERING/INSPECTIONS	2,302	6,000	5,500	$500 Decrease From 2024/2025 Budget	
MANAGEMENT	37,020	38,124	39,228	CPI Adjustment	
SECRETARIAL	4,200	4,200	4,200	No Change From 2024/2025 Budget	
LEGAL	2,894	7,000	3,500	$3,500 Decrease From 2024/2025 Budget	
ASSESSMENT ROLL	8,000	8,000	8,000	No Change From 2024/2025 Budget	
AUDIT FEES	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
INSURANCE	6,925	7,500	7,800	Fiscal Year 2024/2025 Expenditure Was $7,202	
LEGAL ADVERTISING	631	1,400	1,350	$50 Decrease From 2024/2025 Budget	
MISCELLANEOUS	537	1,000	950	$50 Decrease From 2024/2025 Budget	
POSTAGE	101	250	250	No Change From 2024/2025 Budget	
OFFICE SUPPLIES	393	600	600	No Change From 2024/2025 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2024/2025 Budget	
TRUSTEE FEES	3,500	4,000	3,900	$100 Decrease From 2024/2025 Budget	
CONTINUING DISCLOSURE FEE	350	350	350	No Change From 2024/2025 Budget	
WEBSITE MANAGEMENT	2,000	2,000	2,000	No Change From 2024/2025 Budget	
CONTINGENCY/FOUNTAINS	15,250	28,600	32,000	Contingency	
					
TOTAL EXPENDITURES	$	127,208	$	161,259	$	161,963		
					
REVENUES LESS EXPENDITURES	$	367,394	$	324,349	$	324,348		
					
BOND PAYMENTS	(298,676)	(295,242)	(295,242)	2026 Principal & Interest Payments	
					
BALANCE	$	68,718	$	29,107	$	29,106		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,636)	(9,702)	(9,702)	Two Percent Of Total Assessment Roll	
DISCOUNT FOR EARLY PAYMENTS	(17,635)	(19,405)	(19,404)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	48,447	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0	Carryover From Prior Year	
					
NET EXCESS / (SHORTFALL)	$	48,447	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
TERRACINA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
5,890	
400	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
298,676	
295,242	
295,242	
Maximum Debt Service Collection	

Total Revenues	
$	304,566	
$	295,642	
$	296,242		

EXPENDITURES					

Principal Payments	
241,000	
247,000	
253,000	
Principal Payment Due In 2026	

Interest Payments	
56,165	
47,599	
41,724	
Interest Payments Due In 2026	

Bond Redemption	
0	
1,043	
1,518	
Estimated Excess Debt Collections	

Total Expenditures	
$	297,165	
$	295,642	
$	296,242		

Excess/ (Shortfall)	
$	7,401	
$	-	
$	-		

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 1/1/25 =	May 2032

$2,149,000			

Terracina Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
 Assessment* 	 Assessment* 		Assessment*		  Projected Assessment*		

O & M	
$	372.67	
$	372.50	
$	371.83	
$	
371.80	
	Debt		 $	684.29 	 $	684.29 	 $	684.29 	 $	684.29 	
Total	$	1,056.96	$	1,056.79	$	1,056.12	$	1,056.09	

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

Total Units	460	
Prepayments	1	
Billed for Debt	459	

2/25/2025 1:10 PM		

 Community Information:	

IV

SPECIAL SERVICE AGREEMENT / EQUIPMENT

Terracina Community Development District c/o Special District Services, Inc
2501A Burns Road
Palm Beach Gardens, Florida 33410

DATE:	TERMS:	DELIVERY:

1/20/25	Balance due on installation	4 Weeks

QUANTITY	DESCRIPTION - Lake Fountain #5	AMOUNT

One (1)	Light Cable for LED w/ disconnect_250-feet	$ 845.00 One (1)	Delivery, Installation & Materials	$ 600.00*
Light Repair Total:  $1,445.00
ADDITIONAL RECOMMENDED REPAIRS
One (1)	Pump Cable for 7.5hp_250-feet	$2,460.00	
One (1)	Deluxe Motor Control Box for 7.5HP	$1,275.00	
One (1)	Delivery, Installation & Materials	$1,050.00 	
	Recommended Repair Total:	$4,785.00	
	Estimated Project Total (if performed concurrently):	$5,630.00*	
*Light cable installation charge waived if installed concurrently with the new pump cable.
One-Year Limited Warranty - cable warranty is void if cable fails due to physical damage. (Ex: fishing hooks, wildlife bites, boat propellers, etc)

THIS OFFER IS GOOD FOR THIRTY (30) DAYS FROM DATE OF QUOTATION.

ALLSTATE RESOURCE MANAGEMENT, INC.	CUSTOMER ACCEPTANCE -
The above prices, specifications and conditions are satisfactory and are hereby accepted and the signer acknowledges that they are authorized to execute this document.
By: 		By:	
Dated:	

REPAIR WARRANTY
(Standard)

Limited Warranty: One-Year Parts & Labor

All materials (exclusive of standard light bulbs), used in the performance of the repair are guaranteed by the manufacturer to be free from defects of materials and/or workmanship for a period of one year from date of installation. The manufacturer's liability is expressly limited to the repair or replacement of such parts that, in the manufacturer's opinion, were damaged by defect and not misuse. The warranty does not cover loss of use during any warranty repair period.
Any materials manufactured by others are guaranteed to the extent as set forth in that manufacturer's warranty.
The only liability assumed by the manufacturer(s) is for the quality of the equipment supplied as set forth in the materials warranty.

The labor involved in the act of repair is guaranteed for a period of one year from the date of installation. The installer's guarantee is expressly limited to the repair or replacement of such parts that were damaged caused by defect and not misuse. The guarantee will not apply to any product that has been subject to negligence, vandalism or that has not been maintained/serviced on a regular basis. Furthermore, damage caused by naturally occurring events such as lighting strike, fire, flood, hurricane, etc. are excluded from this warranty.

After the expiration of the labor warranty it is the purchaser's responsibility to incur all applicable labor, material and shipping charges not covered under the manufacturer's product warranty. If product repair or returning material to the manufacturer is necessary, any manufacturer service charges are additionally the responsibility of the purchaser.
NOTE
Because of the electrical equipment involved, floating fountains are not designed for waterways where swimming or water sports are permitted. The installation and operation of electrical equipment underwater, may present a potentially hazardous condition if not carried out by qualified licensed personnel in strict accordance with The National Electrical Code and applicable local safety regulation. The Code requires the use of a class "A" ground fault circuit interrupter (GFCI) on each submersible equipment circuit over 15 volts.

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							

3	
3	

Aqua Master	

5	

230v / 1p	

N/A	

Geyser	

2018	

N/A	

N/A	

4 x 30w LED	

450'	

N/A	

N/A	2019-Replaced Motor, replaced capacitors , Repaired Lights			

02.20.23 Fountain Lights	$1730.00 Total Inv $3460 Inv#24676	09.23.24 New 5 HP AM Power
Unit (3 year Warranty Sept 2027)	

$4,275.00	

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	

10.26.25	

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	10.26.25	3 x 30w LED	250'	3 YEARS	2023	Replaced Both Motor and Light
Cables							

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

Allstate

11	Lake
then Lake	1

11	
Cascade	
7.5	
230v / 1p	
Geyser	
N/A	
N/A	
3 x 80w LED	
250	Moved from Lake 1
of work been done to being moved	to Lake 11, Lots
to fountain prior	

12	
lake then Lake	
2

12	

Cascade	

7.5	

230v / 1p	

Geyser	

N/A	

N/A	

3 x 80w LED	

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

LAST 2 REMOVED FOUNTAINS

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

Terracina Community Development District

Financial Report For January 2025

TERRACINA COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JANUARY 2025

REVENUES	
Annual Budget
10/1/24 - 9/30/25	

Actual Jan-25	Year To Date Actual
10/1/24 - 1/31/25	
O & M ASSESSMENTS	171,041	3,087	154,363	
DEBT ASSESSMENTS	314,087	5,680	284,079	
OTHER REVENUES	0	0	0	
INTEREST INCOME	480	0	2,379	
				
Total Revenues	$	485,608	$	8,767	$	440,821	
				
EXPENDITURES				
SUPERVISOR FEES	7,000	0	800	
PAYROLL TAXES - EMPLOYER	560	0	61	
A4UATIC LA.E MAINTENANCE	23,000	1,796	7,031	
FOUNTAIN MAINTENANCE	18,000	659	6,854	
ENGINEERING/INSPECTIONS	6,000	0	0	
MANAGEMENT	38,124	3,177	12,708	
SECRETARIAL	4,200	350	1,400	
LEGAL	7,000	0	315	
ASSESSMENT ROLL	8,000	45	0	
AUDIT FEES	3,500	0	0	
INSURANCE	7,500	0	7,202	
LEGAL ADVERTISING	1,400	0	240	
MISCELLANEOUS	1,000	1	181	
POSTAGE	250	0	0	
OFFICE SUPPLIES	600	6	118	
DUES & SUBSCRIPTIONS	175	0	175	
TRUSTEE FEES	4,000	0	0	
CONTINUING DISCLOSURE FEE	350	0	0	
WEBSITE MANAGEMENT	2,000	166	667	
CONTINGENCY/FOUNTAINS	28,600	0	0	
				
Total Expenditures	$	161,259	$	6,200	$	37,752	
				
REVENUES LESS EXPENDITURES	$	324,349	$	2,567	$	403,069	
				
BOND PAYMENTS	 295,242 	 5,455 	 270,036 	
				
BALANCE	$	29,107	$	(2,888)	$	133,033	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	 9,702 	 85 	 4,979 	
DISCOUNTS FOR EARLY PAYMENTS	 19,405 	 263 	 17,468 	
				
EXCESS/ (SHORTFALL)	$	-	$	(3,236)	$	110,586	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(3,236)	$	110,586	

Bank Balance As Of 1/31/25	$	276,399.71	
Accounts Payable As Of 1/31/25	$	11,722.04	
Accounts Receivable As Of 1/31/25	$	-	
Available Funds As Of 1/31/25	$	264,677.67	

Terracina Community Development District
Budget vs. Actual
October 2024 through January 2025

	Oct 24 - Jan 25		24/25 Budget		$ Over Budget		% of Budget	
Income								
363.100 • O & M Assessments	154,363.25		171,041.00		-16,677.75		90.25%	
363.810 • Debt Assessments	284,079.34		314,087.00		-30,007.66		90.45%	
363.820 • Debt Assessment-Paid To Trustee	-270,035.71		-295,242.00		25,206.29		91.46%	
363.830 • Tax Collector Fee	-4,979.75		-9,702.00		4,722.25		51.33%	
363.831 • Discounts For Early Payment	-17,468.09		-19,405.00		1,936.91		90.02%	
369.401 • Interest Income	2,379.00		480.00		1,899.00		495.63%	
Total Income	148,338.04		161,259.00		-12,920.96		91.99%	
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	7,031.00		23,000.00		-15,969.00		30.57%	
511.307 • Fountain Maintenance	6,854.00		18,000.00		-11,146.00		38.08%	
511.310 • Engineering	0.00		6,000.00		-6,000.00		0.0%	
511.311 • Management Fees	12,708.00		38,124.00		-25,416.00		33.33%	
511.312 • Secretarial Fees	1,400.00		4,200.00		-2,800.00		33.33%	
511.315 • Legal Fees	315.01		7,000.00		-6,684.99		4.5%	
511.318 • Assessment/Tax Roll	0.00		8,000.00		-8,000.00		0.0%	
511.320 • Audit Fees	0.00		3,500.00		-3,500.00		0.0%	
511.450 • Insurance	7,202.00		7,500.00		-298.00		96.03%	
511.480 • Legal Advertisements	239.93		1,400.00		-1,160.07		17.14%	
511.512 • Miscellaneous	181.16		1,000.00		-818.84		18.12%	
511.513 • Postage and Delivery	0.00		250.00		-250.00		0.0%	
511.514 • Office Supplies	118.35		600.00		-481.65		19.73%	
511.540 • Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 • Trustee Fees	0.00		4,000.00		-4,000.00		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	0.00		28,600.00		-28,600.00		0.0%	
Total Expense	37,752.29		161,259.00		-123,506.71		23.41%	
Net Income	110,585.75		0.00		110,585.75		100.0%	

Terracina Community Development District
Expenditures
October 2024 through January 2025

	Date		Invoice 		Vendor		Memo		Amount	
Expenditures
511.122 • PR Tax Expense	

11/15/2024		

PR 11.13.24				

mtg 11.13.24 ck 11.18.24 Colella L, Colella G, Ameer S, SaunGers C 		

61.20	
Total 511.122 • PR Tax Expense									61.20	
511.131 • Supervisor Fees										
	11/15/2024		PR 11.13.24				mtg 11.13.24 ck 11.18.24 Colella L, Colella G, Ameer S, SaunGers C 		800.00	
Total 511.131 • Supervisor Fees									800.00	
511.301 • Aquatic Lake Maintenance										
	10/01/2024		12050		Allstate Resource Management Inc.		Lake, Mitigation anG Debris Management Services Recurring		1,695.00	
	10/01/2024		12050		Allstate Resource Management Inc.		Debris Removal Services Recurring		50.00	
	11/01/2024		12842		Allstate Resource Management Inc.		Lake, Mitigation anG Debris Management Services Recurring		1,695.00	
	11/01/2024		12842		Allstate Resource Management Inc.		Debris Removal Services Recurring		50.00	
	12/01/2024		13601		Allstate Resource Management Inc.		Lake, Mitigation anG Debris Management Services Recurring		1,695.00	
	12/01/2024		13601		Allstate Resource Management Inc.		Debris Removal Services Recurring		50.00	
	01/01/2025		14412		Allstate Resource Management Inc.		Lake, Mitigation anG Debris Management Services Recurring		1,745.00	
	01/01/2025		14412		Allstate Resource Management Inc.		Debris Removal Services Recurring		51.00	
Total 511.301 • Aquatic Lake Maintenance									7,031.00	
511.307 • Fountain Maintenance										
	10/01/2024		12050		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		640.00	
	11/01/2024		12842		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		640.00	
	12/01/2024		13601		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		640.00	
	12/06/2024		14976		Allstate Resource Management Inc.		1X Fountain / Aerator Maintenance Services-5HP AM PoZer Unit ZXL		4,275.00	
	01/01/2025		14412		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		659.00	
Total 511.307 • Fountain Maintenance									6,854.00	
511.311 • Management Fees										
	10/31/2024		2024-1419		Special District Services, Inc.		Management Fee Oct 2024		3,177.00	
	11/30/2024		2024-1555		Special District Services, Inc.		Management Fee Nov 2024		3,177.00	
	12/31/2024		2024-1786		Special District Services, Inc.		Management Fee Dec 2024		3,177.00	
	01/31/2025		2025-0028		Special District Services, Inc.		Management -an 2025		3,177.00	
Total 511.311 • Management Fees									12,708.00	
511.312 • Secretarial Fees										
	10/31/2024		2024-1419		Special District Services, Inc.		Secretarial Oct 2024		350.00	
	11/30/2024		2024-1555		Special District Services, Inc.		Secretarial Nov 2024		350.00	
	12/31/2024		2024-1786		Special District Services, Inc.		Secretarial Dec 2024		350.00	
	01/31/2025		2025-0028		Special District Services, Inc.		Secretarial -an 2025		350.00	
Total 511.312 • Secretarial Fees									1,400.00	

Terracina Community Development District
Expenditures
October 2024 through January 2025

Date	Invoice	Vendor	Memo	Amount

511.315 • Legal Fees		
	10/29/2024	132092	CalGZell Pacetti EGZarGs ScKoecK & Viator	Legal Services Oct 2024	90.00	
	11/25/2024	132134	CalGZell Pacetti EGZarGs ScKoecK & Viator	Legal Services Nov 2024	112.50	
	12/30/2024	132189	CalGZell Pacetti EGZarGs ScKoecK & Viator	Legal Services Dec 2024	67.51	
	01/28/2025	132266	CalGZell Pacetti EGZarGs ScKoecK & Viator	Legal Services -an 2025	45.00	
Total 511.315 • Legal Fees					315.01	
511.450 • Insurance						
	10/01/2024	24789	Egis Insurance & Risk AGvisors	Polic\ 100124064 10/01/2024-10/01/2025 FL Insurance Alliance	7,202.00	
Total 511.450 • Insurance					7,202.00	
511.480 • Legal Advertisements						
	11/30/2024	0006818889	Gannett FloriGa Locali4	FY 24/25 Mtg ScKeGule	239.93	
Total 511.480 • Legal AGvertisements					239.93	
511.512 • Miscellaneous						
	10/31/2024	2024-1419	Special District Services, Inc.	Travel Sept 2024	4.82	
	11/15/2024	PR 11.13.24		mtg 11.13.24 ck 11.18.24 Colella L, Colella G, Ameer S, SaunGers C 	53.00	
	11/27/2024	24392	TKe Commons Vista Park, LLC	Terracina CDD Reg BoarG Mtg	53.50	
	12/22/2024	25265	TKe Commons Vista Park, LLC	Terracina CDD Reg BoarG Mtg	58.85	
	12/31/2024	2024-1786	Special District Services, Inc.	Travel Nov 2024	10.45	
	01/23/2025	25657	TKe Commons Vista Park, LLC	Terracina CDD Reg BoarG Mtg	0.54	
Total 511.512 • Miscellaneous					181.16	
511.514 • Office Supplies						
	10/31/2024	2024-1419	Special District Services, Inc.	Copier Sept 2024	48.15	
	10/31/2024	2024-1419	Special District Services, Inc.	Meeting Book Sept 2024	28.00	
	11/30/2024	2024-1555	Special District Services, Inc.	Copier Oct 2024	3.75	
	12/31/2024	2024-1786	Special District Services, Inc.	Copier Nov 2024	12.90	
	12/31/2024	2024-1786	Special District Services, Inc.	Meeting Books Nov 2024	20.00	
	01/31/2025	2025-0028	Special District Services, Inc.	Copier Dec 2024	5.55	
Total 511.514 • Office Supplies					118.35	
511.540 • Dues, License & Subscriptions						
	10/01/2024	90751	FloriGa Commerce	Fiscal Year 2024-2025 Special District Fee	175.00	
Total 511.540 • Dues, License & Subscriptions					175.00	
511.750 • Website Management						
	10/31/2024	2024-1419	Special District Services, Inc.	Website Oct 2024	166.66	
	11/30/2024	2024-1555	Special District Services, Inc.	Website Nov 2024	166.66	
	12/31/2024	2024-1786	Special District Services, Inc.	Website Dec 2024	166.66	
	01/31/2025	2025-0028	Special District Services, Inc.	Website -an 2025	166.66	
Total 511.750 • Website Management					666.64	
Total Expenditures					37,752.29	

Terracina Community Development District
Balance Sheet
As of January 31, 2025

Operating Fund

Capital Projects
Fund	Debt Service Fund

General Fixed
Assets Fund	Long Term Debt Fund	TOTAL

ASSETS
Current Assets Checking/Savings		
Bank Account	276,399.71		0.00		0.00	0.00		0.00		276,399.71	
Total Checking/Savings	276,399.71		0.00		0.00	0.00		0.00		276,399.71	
Total Current Assets	276,399.71		0.00		0.00	0.00		0.00		276,399.71	
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	-1,003,085.00		0.00		-1,003,085.00	
Accum Depreciation - Fountains	0.00		0.00		0.00	-21,648.00		0.00		-21,648.00	
Total Fixed Assets	0.00		0.00		0.00	860,030.00		0.00		860,030.00	
Other Assets											
Investments - Interest Account	0.00		0.00		3.31	0.00		0.00		3.31	
Investments - Reserve Account	0.00		0.00		16,510.11	0.00		0.00		16,510.11	
Investments - Revenue Account	0.00		0.00		298,423.88	0.00		0.00		298,423.88	
Investments - Prepayment Fund	0.00		0.00		0.00	0.00		0.00		0.00	
Investments - Sinking Fund	0.00		0.00		36.43	0.00		0.00		36.43	
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		0.00	0.00		0.00		0.00	
Amount Available In DSF	0.00		0.00		0.00	0.00		314,973.73		314,973.73	
Amount To Be Provided	0.00		0.00		0.00	0.00		1,834,026.27		1,834,026.27	
Total Other Assets	0.00		0.00		314,973.73	0.00		2,149,000.00		2,463,973.73	
TOTAL ASSETS	276,399.71		0.00		314,973.73	860,030.00		2,149,000.00		3,600,403.44	
LIABILITIES & EQUITY											
Liabilities
Current Liabilities Accounts Payable
Accounts Payable	

11,722.04		

0.00		

0.00	

0.00		

0.00		

11,722.04	
Total Accounts Payable	11,722.04		0.00		0.00	0.00		0.00		11,722.04	
Total Current Liabilities	11,722.04		0.00		0.00	0.00		0.00		11,722.04	
Long Term Liabilities
Special Assessment Debt (2021)	
0.00		
0.00		
0.00	
0.00		
2,149,000.00		
2,149,000.00	
Total Long Term Liabilities	0.00		0.00		0.00	0.00		2,149,000.00		2,149,000.00	
Total Liabilities	11,722.04		0.00		0.00	0.00		2,149,000.00		2,160,722.04	
Equity											
Net Income	110,585.75		0.00		240,316.49	0.00		0.00		350,902.24	
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	154,091.92		0.00		74,657.24	-1,024,733.00		0.00		-795,983.84	
Total Equity	264,677.67		0.00		314,973.73	860,030.00		0.00		1,439,681.40	
TOTAL LIABILITIES & EQUITY	276,399.71		0.00		314,973.73	860,030.00		2,149,000.00		3,600,403.44