TERRACINA COMMUNITY DEVELOPMENT
DISTRICT

PALM BEACH COUNTY REGULAR BOARD MEETING MAY 13, 2026
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 May 13, 2026
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
April 8, 2026 Regular Board Meeting Minutes…	Page 2
Old Business
Discussion Regarding Lake Bank Erosion Project
New Business
Administrative Matters
Financial Report…	Page 5
Board Member Comments
Adjourn

AFFIDAVIT 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

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 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:

WPB Palm Beach Post	09/24/2025 WPB palmbeachpost.com 09/24/2025

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 is personally known to me, on 09/24/2025

�

Legal Clerk
Notary,   Stat�ortrmvnJ
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Publication Cost:	$246.11	
Tax Amount:	$0.00	
Payment Cost:	$246.11	
Order No:	11671265	
Customer No:	730524	
PO#:		

My commission expires

# of Copies:
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THIS lS NOT AN fNVOICE!
Please do 110/ use tl11sformfor payment remilla11ce.

FISCAL YEAR 2025/2026 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the
Board 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 Park located at 2101 Vista Parkway, West Palm Beach, Florida 33411, on the following dates:
October 8, 2025
November 12, 2025
December 10, 2025
January 14, 2026
February 11, 2026
March 4, 2026
April B, 2026
May 13, 2026
June 10, 2026
July 8, 2026
August 12, 2026
September 9, 2026
The purpose of the meetings is to conduct any business coming before the Board. The meetin9s are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meet-ings 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 date of the particular meeting.
From time to time one or more Supervisors may participate by telephone; therefore, at the loca-tion 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 discus-sions taking place either in person or by telephone communication. Meetings may be continued as found necessary to a time and place specified on the record.
If any person decides to appeal any
!�;its��nc��1de�Jha�e��:�� t:e�� ings, such person will need a record of the proceedings and such person
may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testi-mony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meet-ings should contact the District Manager at (561) 630-4922 and/or toll free at 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 DEVEL-
OPMENT DISTRICT
www.terraclnacdd.org 9/24/25 #11671265

KONGMENG YANG
Notary Public State of Wisconsin

Page 1 of 1

TERRACINA COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
APRIL 8, 2026

CALL TO ORDER

The April 8, 2026, Regular Board Meeting of the Terracina Community Development District (the “District”) was called to order at 9:02 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 24, 2025, as part of the District’s Fiscal Year 2025/2026 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Present and constituting a quorum were Chairman Guy Colella and Supervisors Sheik Ameer (who arrived at 9:04 a.m.), Linda Colella and Jose Esquerete and all was in order to proceed with the meeting.

Staff present included District Manager Sylvia Bethel of Special District Services, Inc.; and District Counsel Frank Palen & Frances Penton of Caldwell Pacetti Edwards Schoech & Viator LLP.
Also present were:

Richard Bowden, Ray
Josh Nichols - Schmidt Nicols Jordan Sperling - Schmidt Nicols

ADDITIONS OR DELETIONS TO THE AGENDA
Ms. Bethel requested the addition of the following item:
H. New Business 3. Consider Allstate’s Lake 3 Fountain Light Repair Proposal.
A motion was made by Mr. Esquerete, seconded by Mr. Ameer and unanimously passed approving the addition to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

Mr. Nicols presented the upcoming project that would be built behind Terracina.

APPROVAL OF MINUTES
March 4, 2026, Regular Board Meeting

The minutes of the March 4, 2026, 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. Esquerete and unanimously passed approving the minutes of the March 4, 2026, Regular Board Meeting, as presented.

OLD BUSINESS

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

NEW BUSINESS
Consider Lake Bank Evaluation Proposals

Ms. Bethel presented the lake bank proposals to the Board. Mr. Ameer suggested the most important thing should be to rope off the washout areas as a safety precaution until the repairs can be completed, and Board agreed. Ms. Bethel suggested completing the lake bank evaluation first to get an idea of exactly what repairs were needed and then move forward with securing a vendor. Mr. Palen agreed. The Board will move forward with the lake bank evaluation first and hold of currently approved proposal from American Shoreline Restoration

Following discussion, a motion was made by Mr. Esquerete, seconded by Mr. Ameer and unanimously passed approving the Schnars Engineering Corp Lake Bank Evaluation proposal in the amount of
$50,500.

Consider Authorization of an RFP
Ms. Bethel indicated that once the lake bank evaluation had been completed, the District will put out a request for proposals for the scope to get an idea of how much the project will cost and then will revisit the proposed budget.
A motion was made by Mr. Esquerete, seconded by Mr. Ameer and unanimously passed approving an RFP.

ADMINISTRATIVE MATTERS
Financial Report
Ms. Bethel reminded the Board to complete their 2025 Form 1 – Statement of Financial Interests by July 1, 2026. She also noted that ethics training was due by December 31, 2026.
Following discussion, a motion was made by Mr. Esquerete, seconded by Mr. Ameer and unanimously passed authorizing staff to approve fountain repairs not to exceed $2,000 for fountain repairs.
BOARD MEMBER COMMENTS
There were no further comments.

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 10:00 a.m. Upon being put to a vote, the motion carried unanimously.

	
Secretary/Assistant Secretary	Chair/Vice-Chair

Terracina Community Development District

Financial Report For April 2026

TERRACINA COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
APRIL 2026

REVENUES	
Annual Budget
10/1/25 - 9/30/26	

Actual Apr-26	Year To Date Actual
10/1/25 - 4/30/26	
O & M ASSESSMENTS	171,024	0	160,348	
DEBT ASSESSMENTS	314,087	0	294,433	
OTHER REVENUES	0	0	0	
INTEREST INCOME	1,200	0	2,161	
				
Total Revenues	$	486,311	$	-	$	456,942	
				
EXPENDITURES				
SUPERVISOR FEES	7,000	800	2,400	
PAYROLL TAXES - EMPLOYER	560	61	184	
AQUATIC LAKE MAINTENANCE	23,000	710	11,486	
FOUNTAIN MAINTENANCE	18,000	1,745	10,539	
ENGINEERING/INSPECTIONS	5,500	0	0	
MANAGEMENT	39,228	3,269	22,883	
SECRETARIAL	4,200	350	2,450	
LEGAL	3,500	0	1,440	
ASSESSMENT ROLL	8,000	0	0	
AUDIT FEES	3,600	3,600	3,600	
INSURANCE	7,800	0	7,634	
LEGAL ADVERTISING	1,350	0	0	
MISCELLANEOUS	950	77	341	
POSTAGE	250	30	30	
OFFICE SUPPLIES	600	64	446	
DUES & SUBSCRIPTIONS	175	0	175	
TRUSTEE FEES	3,900	0	0	
CONTINUING DISCLOSURE FEE	350	0	0	
WEBSITE MANAGEMENT	2,000	167	1,166	
CONTINGENCY (FOUNTAINS, ETC.)	32,000	0	900	
				
Total Expenditures	$	161,963	$	10,873	$	65,674	
				
REVENUES LESS EXPENDITURES	$	324,348	$	(10,873)	$	391,268	
				
BOND PAYMENTS	(295,242)	0	(280,138)	
				
BALANCE	$	29,106	$	(10,873)	$	111,130	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(9,702)	0	(5,291)	
DISCOUNTS FOR EARLY PAYMENTS	(19,404)	0	(17,713)	
				
EXCESS/ (SHORTFALL)	$	-	$	(10,873)	$	88,126	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(10,873)	$	88,126	

Bank Balance As Of 4/30/26	$	316,271.35	
Accounts Payable As Of 4/30/26	$	18,579.26	
Accounts Receivable As Of 4/30/26	$	-	
Available Funds As Of 4/30/26	$	297,692.09	

Terracina Community Development District
Budget vs. Actual
October 2025 through April 2026

	Oct 25 - April 26		25/26 Budget		$ Over Budget		% of Budget	
Income									
363.100	O & M Assessments	160,348.28		171,024.00		-10,675.72		93.76%	
363.810	Debt Assessments	294,433.34		314,087.00		-19,653.66		93.74%	
363.820	Debt Assessment-Paid To Trustee	-280,138.41		-295,242.00		15,103.59		94.88%	
363.830	Tax Collector Fee	-5,290.69		-9,702.00		4,411.31		54.53%	
363.831	Discounts For Early Payment	-17,713.05		-19,404.00		1,690.95		91.29%	
369.401	Interest Income	2,160.95		1,200.00		960.95		180.08%	
Total Income	153,800.42		161,963.00		-8,162.58		94.96%	
Expense									
511.122	PR Tax Expense	183.60		560.00		-376.40		32.79%	
511.131	Supervisor Fees	2,400.00		7,000.00		-4,600.00		34.29%	
511.301	Aquatic Lake Maintenance	11,486.00		23,000.00		-11,514.00		49.94%	
511.307	Fountain Maintenance	10,539.00		18,000.00		-7,461.00		58.55%	
511.310	Engineering	0.00		5,500.00		-5,500.00		0.0%	
511.311	Management Fees	22,883.00		39,228.00		-16,345.00		58.33%	
511.312	Secretarial Fees	2,450.00		4,200.00		-1,750.00		58.33%	
511.315	Legal Fees	1,440.00		3,500.00		-2,060.00		41.14%	
511.318	Assessment/Tax Roll	0.00		8,000.00		-8,000.00		0.0%	
511.320	Audit Fees	3,600.00		3,600.00		0.00		100.0%	
511.450	Insurance	7,634.00		7,800.00		-166.00		97.87%	
511.480	Legal Advertisements	0.00		1,350.00		-1,350.00		0.0%	
511.512	Miscellaneous	341.35		950.00		-608.65		35.93%	
511.513	Postage and Delivery	30.00		250.00		-220.00		12.0%	
511.514	Office Supplies	445.72		600.00		-154.28		74.29%	
511.540	Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733	Trustee Fees	0.00		3,900.00		-3,900.00		0.0%	
511.734	Continuing Disclosure Fee	0.00		350.00		-350.00		0.0%	
511.750	Website Management	1,166.62		2,000.00		-833.38		58.33%	
511.800	Contingency/Fountains	900.00		32,000.00		-31,100.00		2.81%	
Total Expense	65,674.29		161,963.00		-96,288.71		40.55%	
Net Income		88,126.13		0.00		88,126.13		100.0%	

Terracina Community Development District
Expenditures
October 2025 through April 2026

	Date		Invoice #		Vendor		Memo		Debit	
Expenditures
511.122 • PR Tax Expense										
	12/16/2025		PR 12.10.25				mtg 12.10.25 ck 12.16.25 (Colella L, Colella G, Ameer S, Esquerete J)		61.20	
	03/05/2026		PR 03.04.26				mtg 03.04.26 ck 03.06.26 (Colella L, Colella G, Ameer S, Esquerete J)		61.20	
	04/10/2026		PR 04.08.26				mtg 04.08.26 ck 04.13.26 (Colella L, Colella G, Ameer S, Esquerete J)		61.20	
Total 511.122 • PR Tax Expense									183.60	
511.131 • Supervisor Fees										
	12/16/2025		PR 12.10.25				mtg 12.10.25 ck 12.16.25 (Colella L, Colella G, Ameer S, Esquerete J)		800.00	
	03/05/2026		PR 03.04.26				mtg 03.04.26 ck 03.06.26 (Colella L, Colella G, Ameer S, Esquerete J)		800.00	
	04/10/2026		PR 04.08.26				mtg 04.08.26 ck 04.13.26 (Colella L, Colella G, Ameer S, Esquerete J)		800.00	
Total 511.131 • Supervisor Fees									2,400.00	
511.301 • Aquatic Lake Maintenance										
	10/01/2025		2606		Allstate Resource Management Inc.		Lake, Mitigation and Debris Management Services		1,745.00	
	10/01/2025		2606		Allstate Resource Management Inc.		Debris Removal Services		51.00	
	11/01/2025		3427		Allstate Resource Management Inc.		Lake, Mitigation and Debris Management Services Recurring		1,745.00	
	11/01/2025		3427		Allstate Resource Management Inc.		Debris Removal Services Recurring		51.00	
	12/01/2025		88995		Allstate Resource Management Inc.		Lake, Mitigation and Debris Management ServicesRecurring		1,745.00	
	12/01/2025		88995		Allstate Resource Management Inc.		Debris Removal Services Recurring		51.00	
	01/01/2026		89844		Allstate Resource Management Inc.		Lake, Mitigation and Debris Management Services Recurring		1,745.00	
	01/01/2026		89844		Allstate Resource Management Inc.		Debris Removal Services Recurring		51.00	
	02/01/2026		90649		Allstate Resource Management Inc.		Lake, Mitigation and Debris Management Services Recurring		1,745.00	
	02/01/2026		90649		Allstate Resource Management Inc.		Debris Removal Services Recurring		51.00	
	03/01/2026		220212		Allstate Resource Management Inc.		Lake, Mitigation and Debris Management Services Recurring		1,745.00	
	03/01/2026		220212		Allstate Resource Management Inc.		Debris Removal Services Recurring		51.00	
	04/01/2026		221011		Allstate Resource Management Inc.		Lake, Mitigation and Debris Management Services Recurring		659.00	
	04/01/2026		221011		Allstate Resource Management Inc.		Debris Removal Services Recurring		51.00	
Total 511.301 • Aquatic Lake Maintenance									11,486.00	
511.307 • Fountain Maintenance										
	10/01/2025		2606		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services		659.00	
	10/10/2025		4833		Allstate Resource Management Inc.		Fountain Pump Breaker 2-Pole 60A GFI		345.00	
	11/01/2025		3427		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		659.00	
	12/01/2025		88995		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		659.00	
	12/22/2025		90402		Allstate Resource Management Inc.		1X Fountain / Aerator Maintenance Services-7.5 HP Submersible ..		4,495.00	
	01/01/2026		89844		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		659.00	
	02/01/2026		90649		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		659.00	
	03/01/2026		220212		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		659.00	
	04/01/2026		221011		Allstate Resource Management Inc.		Fountain/Aerator Maintenance Services Recurring		1,745.00	
Total 511.307 • Fountain Maintenance									10,539.00	

Terracina Community Development District
Expenditures
October 2025 through April 2026

Date	Invoice #	Vendor	Memo	Debit

511.311 • Management Fees		
	10/31/2025	2025-1405	Special District Services, Inc.	Management Oct 2025	3,269.00	
	11/30/2025	2025-1530	Special District Services, Inc.	Management Nov 2025	3,269.00	
	12/31/2025	2025-1672	Special District Services, Inc.	Management Dec 2025	3,269.00	
	01/31/2026	2026-1807	Special District Services, Inc.	Management Jan 2026	3,269.00	
	02/28/2026	2026-1927	Special District Services, Inc.	Management Feb 2026	3,269.00	
	03/31/2026	2026-2046	Special District Services, Inc.	Management March 2026	3,269.00	
	04/30/2026	2026-2167	Special District Services, Inc.	Management April 2026	3,269.00	
Total 511.311 • Management Fees					22,883.00	
511.312 • Secretarial Fees						
	10/31/2025	2025-1405	Special District Services, Inc.	Secretarial Oct 2025	350.00	
	11/30/2025	2025-1530	Special District Services, Inc.	Secretarial Nov 2025	350.00	
	12/31/2025	2025-1672	Special District Services, Inc.	Secretarial Dec 2025	350.00	
	01/31/2026	2026-1807	Special District Services, Inc.	Secretarial Jan 2026	350.00	
	02/28/2026	2026-1927	Special District Services, Inc.	Secretarial Feb 2026	350.00	
	03/31/2026	2026-2046	Special District Services, Inc.	Secretarial March 2026	350.00	
	04/30/2026	2026-2167	Special District Services, Inc.	Secretarial April 2026	350.00	
Total 511.312 • Secretarial Fees					2,450.00	
511.315 • Legal Fees						
	10/29/2025	132838	Caldwell Pacetti Edwards Schoech & Viator	Legal Services Oct 2025	67.50	
	12/23/2025	132920	Caldwell Pacetti Edwards Schoech & Viator	Legal Services Dec 2025	540.00	
	01/27/2026	133014	Caldwell Pacetti Edwards Schoech & Viator	Legal Services Nov/Dec 2025 and Jan 2026	607.50	
	02/25/2026	133044	Caldwell Pacetti Edwards Schoech & Viator	Legal Services Jan/Feb 2026	225.00	
Total 511.315 • Legal Fees					1,440.00	
511.320 • Audit Fees						
	04/02/2026	29173	Grau & Associates	FY 24/25 AUDIT FEES	3,600.00	
Total 511.320 • Audit Fees					3,600.00	
511.450 • Insurance						
	10/01/2025	29551	Egis Insurance & Risk Advisors	Policy #100125064 10/01/2025-10/01/2026Florida Insurance Alliance	7,634.00	
Total 511.450 • Insurance					7,634.00	

Terracina Community Development District
Expenditures
October 2025 through April 2026

Date	Invoice #	Vendor	Memo	Debit

511.512 • Miscellaneous		
	10/01/2025	31860	The Commons Vista Park, LLC	Terracina CDD Reg Board Mtg	0.95	
	10/31/2025	2025-1405	Special District Services, Inc.	Travel Sept 2025	21.84	
	11/30/2025	2025-1530	Special District Services, Inc.	Travel Oct 2025	11.90	
	12/16/2025	PR 12.10.25		mtg 12.10.25 ck 12.16.25 (Colella L, Colella G, Ameer S, Esquerete J)	53.40	
	12/22/2025	34687	The Commons Vista Park, LLC	Terracina CDD Reg Board Mtg	50.00	
	01/31/2026	2026-1807	Special District Services, Inc.	Meeting Books December 2025	28.00	
	01/31/2026	2026-1807	Special District Services, Inc.	Travel Dec 2025	21.84	
	02/28/2026	2026-1927	Special District Services, Inc.	Travel Jan 2026	22.62	
	03/05/2026	PR 03.04.26		mtg 03.04.26 ck 03.06.26 (Colella L, Colella G, Ameer S, Esquerete J)	53.40	
	04/10/2026	PR 04.08.26		mtg 04.08.26 ck 04.13.26 (Colella L, Colella G, Ameer S, Esquerete J)	53.40	
	04/30/2026	2026-2167	Special District Services, Inc.	Travel March 2026	24.00	
Total 511.512 • Miscellaneous					341.35	
511.513 • Postage and Delivery						
	04/21/2026	FY 2026 Postage	Anne M. Gannon	Prorated Share of Tax Roll Postage Costs - FY 2026	30.00	
Total 511.513 • Postage and Delivery					30.00	
511.514 • Office Supplies						
	10/31/2025	2025-1405	Special District Services, Inc.	Copier Sept 2025	139.65	
	11/30/2025	2025-1530	Special District Services, Inc.	Copier Oct 2025	11.55	
	12/31/2025	2025-1672	Special District Services, Inc.	Copier Nov 2025	70.20	
	01/31/2026	2026-1807	Special District Services, Inc.	Copier December 2025	6.75	
	02/28/2026	2026-1927	Special District Services, Inc.	Copier Jan 2026	2.55	
	03/31/2026	2026-2046	Special District Services, Inc.	Copier Feb 2026	151.15	
	04/30/2026	2026-2167	Special District Services, Inc.	Copier March 2026	41.25	
	04/30/2026	2026-2167	Special District Services, Inc.	Meeting Books March 2026	22.62	
Total 511.514 • Office Supplies					445.72	
511.540 • Dues, License & Subscriptions						
	10/01/2025	92838	Florida Commerce	Fiscal Year 2025 - 2026 Special District State Fee	175.00	
Total 511.540 • Dues, License & Subscriptions					175.00	
511.750 • Website Management						
	10/31/2025	2025-1405	Special District Services, Inc.	Website Oct 2025	166.66	
	11/30/2025	2025-1530	Special District Services, Inc.	Website Nov 2025	166.66	
	12/31/2025	2025-1672	Special District Services, Inc.	Website Dec 2025	166.66	
	01/31/2026	2026-1807	Special District Services, Inc.	Website Jan 2026	166.66	
	02/28/2026	2026-1927	Special District Services, Inc.	Website Feb 2026	166.66	
	03/31/2026	2026-2046	Special District Services, Inc.	Website March 2026	166.66	
	04/30/2026	2026-2167	Special District Services, Inc.	Website April 2026	166.66	
Total 511.750 • Website Management					1,166.62	

Terracina Community Development District
Expenditures
October 2025 through April 2026

Date	Invoice #	Vendor	Memo	Debit

511.800 • Contingency/Fountains
12/13/2025	1576	Badger Underground Construction, LLC	Investigate and Measure to identify theMeasurement & Quantities	900.00
Total 511.800 • Contingency/Fountains	900.00

Total Expenditures	65,674.29

Terracina Community Development District
Balance Sheet
As of April 30, 2026

ASSETS
Current Assets

Operating Fund

Capital Projects
Fund	Debt Service Fund

General Fixed
Assets Fund	Long Term Debt Fund	TOTAL

Checking/Savings
Bank Account	
316,271.35		
0.00		
0.00	
0.00		
0.00		
316,271.35	
Total Checking/Savings	316,271.35		0.00		0.00	0.00		0.00		316,271.35	
Total Current Assets	316,271.35		0.00		0.00	0.00		0.00		316,271.35	
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	-1,062,090.00		0.00		-1,062,090.00	
Accum Depreciation - Fountains	0.00		0.00		0.00	-25,800.00		0.00		-25,800.00	
Total Fixed Assets	0.00		0.00		0.00	796,873.00		0.00		796,873.00	
Other Assets											
Investments - Interest Account	0.00		0.00		7.34	0.00		0.00		7.34	
Investments - Reserve Account	0.00		0.00		17,299.24	0.00		0.00		17,299.24	
Investments - Revenue Account	0.00		0.00		318,944.12	0.00		0.00		318,944.12	
Investments - Prepayment Fund	0.00		0.00		4,214.73	0.00		0.00		4,214.73	
Investments - Sinking Fund	0.00		0.00		29.79	0.00		0.00		29.79	
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		340,495.22		340,495.22	
Amount To Be Provided	0.00		0.00		0.00	0.00		1,561,504.78		1,561,504.78	
Total Other Assets	0.00		0.00		340,495.22	0.00		1,902,000.00		2,242,495.22	
TOTAL ASSETS	316,271.35		0.00		340,495.22	796,873.00		1,902,000.00		3,355,639.57	
LIABILITIES & EQUITY											
Liabilities
Current Liabilities Accounts Payable
Accounts Payable	18,579.26		0.00		0.00	0.00		0.00		18,579.26	
Total Accounts Payable	18,579.26		0.00		0.00	0.00		0.00		18,579.26	
Total Current Liabilities	18,579.26		0.00		0.00	0.00		0.00		18,579.26	
Long Term Liabilities
Special Assessment Debt (2021)	
0.00		
0.00		
0.00	
0.00		
1,902,000.00		
1,902,000.00	
Total Long Term Liabilities	0.00		0.00		0.00	0.00		1,902,000.00		1,902,000.00	
Total Liabilities	18,579.26		0.00		0.00	0.00		1,902,000.00		1,920,579.26	
Equity											
Net Income	88,126.13		0.00		253,411.02	0.00		0.00		341,537.15	
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	209,565.96		0.00		87,084.20	-1,087,890.00		0.00		-791,239.84	
Total Equity	297,692.09		0.00		340,495.22	796,873.00		0.00		1,435,060.31	
TOTAL LIABILITIES & EQUITY	316,271.35		0.00		340,495.22	796,873.00		1,902,000.00		3,355,639.57