Forest Lake Community Development District
Meeting Agenda September 5, 2024

-. ·- -

Forest Lake
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
August 29, 2024

Board of Supervisors Meeting
Forest Lake Community Development District

Dear Board Members:

A Board of Supervisors Meeting of the Forest Lake Community Development District will be held Thursday, September 5, 2024, at 10:30 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.

Zoom Video Link: https://us06web.zoom.us/j/81805377676
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 818 0537 7676

Following is the advance agenda for the meeting:

Board of Supervisors Meeting
Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Organizational Matters
Acceptance of Resignation of Eric Lavoie
Appointment to Fill Vacant Board Seat #4
Consideration of Resume Submitted by Scott Woodlee for Appointment to Vacant Board Seat #5
Administration of Oaths to Newly Appointed Supervisors
Consideration of Resolution 2024-05 Electing Officers
Approval of Minutes from the August 1, 2024 Board of Supervisors Meeting
Ratification of License Agreement for Volunteer Project (Little Library) (to be provided under separate cover)
Presentation of Arbitrage Rebate Report from AMTEC for Series 2022 Assessment Area Two Bonds
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

1 Comments will be limited to three (3) minutes

Section III

Section A

August21,2024

Governmental Management Services 219 East Livingston Street
Orlando, Florida 32801

To Whom It May Concern,
I would like to give my resignation to the Board of Supervisors for the following districts, effective immediately:
Eden Hills Community Development District
Forest Lake Community Development District
Hamilton Bluff Community Development District
Hammock Reserve Community Development District
Scenic Highway Community Development District
VillaMar Community Development District

West Side Haines City Community Development District Thank you,

Section C

TO: Forest Lake CDD FROM: Scott Woodlee
SUBJECT: Request appointment to fill CDD Board Member Seat

My name is Timothy “Scott” Woodlee and I have been a resident of the Forest Lake Community since December 2021. I have been very active in the community since the beginning even organizing “Informal Meetings” to keep the residents informed.

Due to this involvement, I was appointed to the Builder HOA and worked not only closely with Prime HOA, but also the Forest Lake CDD (Jill Burns) and the City of Davenport. I am not currently on the community HOA Board due to commitments with the City of Davenport.

This involvement has been instrumental in the following accomplishments:

Establishment of the Forest Lake Neighborhood Watch Program
The correct speed limit signs of 25 mph being placed into the community by the CDD
Neighborhood watch and no solicitation signs being placed in the community
No U-turn signs and no stopping standing signs being placed by the CDD regarding school traffic across from Horizon Elementary School
Assisted in revamping the parking policy that is working effectively
Assisted in the approval of security at the pool area
Thru contacts with the City of Davenport have maintained the roadways when spills occur by the City’s vendor
Attend all CDD and City Commission meetings and have a great working relationship with all.
Thank you for your consideration in this request. Scott Woodlee
1636 Aspen Avenue
Davenport, Florida 33837

Timothy “Scott” Woodlee
1636 Aspen Avenue, Davenport, Florida 33837

(407) 274-5527	email: scottwoodlee@gmail.com

Accomplished, achievement-driven and results oriented with over 46 years combined work experience in Military Intelligence, Special Operations, Law Enforcement (local, state and federal level) and as a Private Investigator Owner and Investigator in the State of Florida and as a Senior Private Investigator for a National Investigative Agency.

QUALIFICATIONS
Over 46 years combined work experience
Persistent and driven; acquired AS and BA degrees with Honors while working fulltime jobs.
Investigator of the Year 2014 for a National Company of over 900 investigators.
Excellent video and computer skills.
Superb leadership, interpersonal, planning and communication abilities.

PROFESSIONAL EXPERIENCE
Twenty (20) years United States Army (U.S. Paratrooper) in the field of tactical, strategic and special operations intelligence. Retired member of the elite 82nd Airborne Division.
Thirteen (13) years in Law Enforcement (local, state and federal level) in which I had eight (8) years experience conducting surveillance as a Narcotic Detective/Task Force Officer (Equivalent to a 1811 Special Agent Position) with my area of expertise being in T3 investigations (worked approximately 30 and was case agent/assistant case agent of approximately 10 of the investigations. Retired Detective of the Oviedo Police Department/DEA Task Force Officer.
Four (4) years as a Private Investigator and the Director of Operations for CS Investigations Agency.
Seven (7) years as a Senior Private Investigator for ISG. In this time have traveled extensively for in the company in the Northeast and achieved Investigator of the Year Honors in 2014. Also chosen to work highly intense Allstate Clinical Files.
Currently a Senior Private Investigator for Delta Group conducting surveillance operations and SIU cases (specializing in THI Investigations)
Subject Matter Expert (SME) pertaining to wiretaps (local, state and federal level)

WORK HISTORY
Delta Group	2022-Present
Senior Private Investigator
Ethos Risk Services	2020-2022
Senior Private Investigator
ISG	2013-2020

Senior Private Investigator/Trainer
Investigator of the Year 2014		
CS Investigations Agency, Orlando, Florida	2008-2013	
Director of Operations
Law Enforcement Professional, Central Florida	
1995-2008	
Narcotic Detective/DEA Task Force Officer		
U.S. Army
Intelligence Professional/Platoon Sergeant/Master Parachutist	1979-1999	

EDUCATION

National Louis University, Orlando, Florida
BA in Applied Behavior Science (HONORS), 2003
Hawaii Pacific University, Honolulu, Hawaii
AS in Management (HONORS), 1990

ACCOLADES/ACHIEVEMENTS

U.S Army

Meritorious Service Medal	U.S. Army
Uphold Democracy (Haiti) Operation Certificate of Participation	U.S. Army Army Commendation Medal  x	2	U.S. Army
Joint Service Achievement Medal	U.S. Army
Army Achievement Medal	x	2	U.S. Army Master Parachutist Badge
Air Assault Badge
Ecuadorian Master Parachutist Badge Department of Army Certificate of Achievement
U.S. Embassy Colombia Letter of Appreciation
U.S. Embassy Peru Letter of Appreciation DEA Certificate of Appreciation (Peru) DEA Certificate of Appreciation (Colombia) Numerous Intelligence Schools

Oviedo Police Department/DEA

Career Officer I thru IV
Police Officer of Quarter	2002
Letters of Appreciation and Recognition	x 10
Unit Citation with Seminole County Sheriff’s Office for T-3	2002
Community Service Award	2003
DEA Basic Course	2003

Drug Agent with Seminole County Sheriff’s Office Task Force Agent with DEA
DEA Certification of Appreciation	x	2
Numerous Drug/Surveillance/Wiretap and Leadership Schools
ISG
3 Quarters in a row (high video stats)	2014
ISG Investigator of the Year	2014

I will never surrender while I still have the means to fight, though I may be the last paratrooper. My goal in peace and war is to succeed in any mission of the day or night, even though I may die doing so. For I belong to a proud and glorious team...
The AIRBORNE, the ARMY, my Country­
the UNITED STATES OF AMERICA.

vote tor information, transparency, and accountability!
Above everything else, I do not lie. I speak the truth and will speak for all the people in Davenport.

There	wiII

not

b e	an

"Old

Davenpor t"

or	"New

Davenpor t ."

There will be ONE Davenport!

All meetings will be zoomed (available via Zoom) to the residents.

Section E

RESOLUTION 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FOREST LAKE COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, the Forest Lake Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Polk County, Florida; and

Whereas, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the
District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FOREST LAKE COMMUNITY DEVELOPMENT DISTRICT:
Section 1. The following persons are elected to the offices shown: Chairperson		
Vice Chairperson		
Secretary	Jill Burns
Assistant Secretary 		 Assistant Secretary 		 Assistant Secretary 		 Assistant Secretary	George Flint
Assistant Secretary	Monica Virgen

Section 2. This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 5th day of September 2024.

ATTEST:	FOREST LAKE COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

MINUTES

MINUTES OF MEETING FOREST LAKE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Forest Lake Community Development District was held Thursday, August 1, 2024 at 10:30 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Eric Lavoie	Chairman
Bobbie Henley	Vice Chairperson
Lindsey Roden	Assistant Secretary Also present were:
Monica Virgen	District Manager, GMS
Jill Burns	District Manager, GMS
Marshall Tindall	Field Manager, GMS
Savannah Hancock	District Counsel, Kilinski Van Wyk
Lauren Gentry	District Counsel, Kilinski Van Wyk

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order and called the roll. There were five Board members in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Virgen opened the public comment period on anything specific to the agenda items.
Resident (Scott Woodlee 1636 Aspen Ave) recommended replacing the Board member resigning with someone in the neighborhood until the election is held in November.

THIRD ORDER OF BUSINESS	Organizational Matters
A. Acceptance of Resignation of Jessica Kowalski
Ms. Virgen stated the acceptance Resignation of Jessica Kowalski is on page 7 of the agenda package.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, Accepting the Resignation of Jessica Kowalski, was approved.

B. Appointment to Fill Vacant Board Seat #5
Ms. Virgen stated if it is the Board’s recommendation to appoint a resident, normally an applicant would send a resume that would be presented to the Board to explain why you are interested in the CDD. This allows any members of the public who did not attend the meeting in person the opportunity to apply to the CDD. The Board requested that any interested resident submit their resume or letter of interest to be considered at the next Board meeting.

C. Administration of Oath to Newly Appointed Supervisor
D. Consideration of Resolution 2024-05 Appointing an Assistant Secretary
Items C and D were tabled to a future meeting agenda.

FOURTH ORDER OF BUSINESS	Approval of Minutes from the May 2, 2024
Board of Supervisors Meeting
Ms. Virgen presented the meeting minutes from May 2, 2024, Board of Supervisors meeting and asked for any comments or corrections from the Board.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, the Minutes from the May 2, 2024, Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Public Hearing
A. Public Hearing on the Adoption of the Fiscal Year 2024/2025 Budget

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, Opening the Public Hearing, was approved.

Resident (Randi Ribarich 1775 Buckeye Rd) questioned certain line items on the administration portion of the budget, such as dissemination assessment administration. Ms. Virgen stated for the contract, it is based on the series of bonds that are in place. There was a bond increase issued in Phase 3.

Resident (Frank Rivera 1004 Sugarwood) asked what the CDD is maintaining to cause all of the increases. He noted it was his first year living there and hopes the budget does not keep increasing. Ms. Burns stated there was no proposed increase in CDD fees for the upcoming year. The increase in postage was due to mail notices regarding towing. She also noted for the assessment administration, it was based on contract. It is common among CDDs to charge the assessment roll fee. She noted that dissemination is required with the issuance of bonds. The management fee was increased from what residents have seen in the past. This is for the base fee of a District that will be resident controlled.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, Closing the Public Hearing, was approved.

Consideration of Resolution 2024-06 Adopting the District’s Fiscal Year 2024/2025 Budget and Appropriating Funds
Ms. Virgen stated on page 22 of the agenda package is the Fiscal Year 2025 proposed budget for Forest Lake CDD. The proposed budget is $617,756. Nothing has been updated from the budget from the proposed budget approved in April. The assessment total will remain the same as the current year. This shows the budget has been compliant with Florida Statute.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, Resolution 2024-06 Adopting the District’s Fiscal Year 2024/2025 Budget and Appropriating Funds, was approved.

Consideration of Resolution 2024-07 Imposing Special Assessments and Certifying an Assessment Roll
Ms. Virgen reviewed the resolution for the Board. The Board had no questions.

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, Resolution 2024-07 Imposing Special Assessments and Certifying an Assessment Roll, was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-08
Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year

Ms. Virgen reviewed the proposed monthly meeting schedule for Fiscal Year 2025. The Board had no changes to the proposed meeting dates.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, Resolution 2024-08 Designation of. Regular Meeting Date, Time, and Location for Fiscal Year 2025 was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-09
Authorizing the Establishment of an SBA Account
Ms. Virgen reviewed Resolution 2024-09 which was included in the agenda package for Board review.

On MOTION by Mr. Lavoie, seconded by Ms. Henley, with all in favor, Resolution 2024-09 Authorizing the Establishment of an SBA Account, was approved.

EIGHTH ORDER OF BUSINESS	Consideration of the Adoption of Goals
and Objectives for the District
Ms. Virgen noted that there was a new Florida statute requiring all CDDs to adopt annual goals and objectives for the District. She reviewed the proposed goals and objectives for the Board.

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, the Adoption of Goals and Objectives for the District, was approved.

NINTH ORDER OF BUSINESS	Presentation of Fiscal Year 2023 Audit
Report
Ms. Virgen reviewed the Fiscal Year 2023 audit report for the Board and noted that it was a clean audit.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, the Fiscal Year 2023 Audit Report, was approved.

TENTH ORDER OF BUSINESS	Ratification	of	Traffic	Control
Jurisdiction	Agreement	with	City	of Davenport
Ms. Virgen noted that this agreement had been previously approved and they were bringing it back for Board ratification.

On MOTION by Mr. Lavoie, seconded by Ms. Henley, with all in favor, the Traffic Control Jurisdiction Agreement with City of Davenport, was ratified.

ELEVENTH ORDER OF BUSINESS	Ratification	of	Towing	Services
Agreement with Bolton’s Towing
Ms. Virgen reviewed the Bolton’s Towing Agreement with the Board and explained that their prior towing vendor had not been as responsive as they needed them to be.

On MOTION by Ms. Henley, seconded by Ms. Roden, with all in favor, the Towing Services Agreement with Bolton’s Towing, was ratified.

TWELFTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hancock had nothing further to report at this time.

Engineer
Acceptance of Annual Engineer’s Report
Ms. Virgen noted that the Annual Engineer’s Report is on page 138 and this report is required by the Master Trust Indenture. She noted that the summary states that the property owned by the District is functioning with its intended purpose.

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, Annual Engineer’s Report, was approved.

Field Manger’s Report
Consideration of Proposals for Paver Materials & Installation
Associated Construction Products, Inc.
Prince & Sons, Inc.
Mr. Tindall presented the Field Manager’s report. He stated this contract is for landscaping, mowing, trees, branches, etc. The playgrounds have no issues.

On MOTION by Mr. Lavoie, seconded by Ms. Roden, with all in favor, the Proposal for Paver Materials and Installation with Prince & Sons, Inc., was approved.

District Manager’s Report
Approval of Check Register
Ms. Virgen presented the check register that is on page 155. This is for April 20th through July 16th. The total is $122, 294.17 and following the summary is a detailed check run summary.

On MOTION by Ms. Roden, seconded by Ms. Henley, with all in favor, the Check Register, was approved.

Balance Sheet and Income Statement
Ms. Virgen reviewed the financial statements. She noted there is no action necessary from the Board. These are for information purposes only.

THIRTEENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

FOURTEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Resident (Frank Rivera 1004 Sugarwood) asked if they can change the days security is present during the summer. They also recommended checking IDs at the pool. Ms. Burns stated if the residents see something happen that is out of amenity rules, they need to report it. Residents do not tend to like when they have to get ID checked, but if they are past the gates, it means they have a card. Guests are allowed four guests per household.

FIFTEENTH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

On MOTION by Mr. Lavoie, seconded by Ms. Roden, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

Item will be provided under separate cover.

Section VI

REBATE REPORT
$4,700,000
Forest Lake Community Development District
(City of Davenport, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Two Project)

Dated: May 24, 2022
Delivered: May 24, 2022

Rebate Report to the Computation Date May 24, 2025
Reflecting Activity To July 31, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service	11	
Arbitrage Rebate Calculation Detail Report – Project Fund	13	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	15	
Arbitrage Rebate Calculation Detail Report – Capitalized Interest Fund	16	
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Fund	17	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	18	

August 19, 2024

Forest Lake Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$4,700,000 Forest Lake Community Development District (City of Davenport, Florida),
Special Assessment Bonds, Series 2022 (Assessment Area Two Project)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Forest Lake Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of May 24, 2025, the Computation Date. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the May 24, 2025 Computation Date
Reflecting Activity from May 24, 2022 through July 31, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Project Fund	1.210389%	14,642.21	(58,413.61)	
Debt Service Reserve Fund	2.791185%	11,835.39	(12,405.94)	
Capitalized Interest Fund	1.447105%	701.75	(2,205.96)	
Cost of Issuance Fund	1.564922%	16.20	(45.61)	
Totals	1.613002%	$27,195.55	$(73,071.12)	
Bond Yield	5.421513%		
Rebate Computation Credits	(4,365.07)	
Net Rebatable Arbitrage	$(77,436.19)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from May 24, 2022, the date of the closing, to July 31, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of May 24, 2025.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between May 24, 2022 and July 31, 2024, the District made periodic payments into the Debt Service Fund that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
May 24, 2025.

Computation Period
The period beginning on May 24, 2022, the date of the closing, and ending on July 31, 2024.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on May 24th, the day in the calendar year that was selected by the Issuer, or the final redemption date of the Bonds.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Fund / Account	Account Number	
Project Fund	222132005	
Debt Service Reserve Fund	222132004	
Cost of Issuance Fund	222132006	
Sinking Fund	222132002	
Interest	222132001	
Revenue	222132000	
Prepayment	222132003	

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of July 31, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to May 24, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on May 24, 2025, is the Rebatable Arbitrage.

$4,700,000
Forest Lake Community Development District (City of Davenport, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Two Project) Delivered: May 24, 2022

Sources of Funds

Par Amount	$4,700,000.00	
Total	$4,700,000.00	

Uses of Funds

Project Fund	$3,991,101.36	
Debt Service Reserve Fund	319,706.26	
Capitalized Interest Fund	109,717.38	
Cost of Issuance Fund	185,475.00	
Underwriter’s Discount	94,000.00	
Total	$4,700,000.00	

PROOF OF ARBITRAGE YIELD
$4,700,000
Forest Lake Community Development District (City of Davenport, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Two Project)

Date	

Debt Service	Present Value to 05/24/2022
@ 5.4215125225%	
11/01/2022	109,951.79	107,416.41	
05/01/2023	191,059.38	181,727.55	
11/01/2023	124,515.63	115,308.24	
05/01/2024	194,515.63	175,377.98	
11/01/2024	122,853.13	107,842.72	
05/01/2025	197,853.13	169,095.33	
11/01/2025	121,071.88	100,743.27	
05/01/2026	201,071.88	162,895.16	
11/01/2026	119,171.88	93,997.15	
05/01/2027	199,171.88	152,951.24	
11/01/2027	117,271.88	87,680.49	
05/01/2028	202,271.88	147,240.96	
11/01/2028	115,146.88	81,607.37	
05/01/2029	205,146.88	141,555.32	
11/01/2029	112,896.88	75,845.06	
05/01/2030	207,896.88	135,980.74	
11/01/2030	110,521.88	70,382.03	
05/01/2031	210,521.88	130,525.33	
11/01/2031	108,021.88	65,206.87	
05/01/2032	213,021.88	125,195.85	
11/01/2032	105,396.88	60,308.36	
05/01/2033	215,396.88	119,997.80	
11/01/2033	102,440.63	55,563.57	
05/01/2034	217,440.63	114,826.65	
11/01/2034	99,350.00	51,080.36	
05/01/2035	219,350.00	109,801.38	
11/01/2035	96,125.00	46,847.95	
05/01/2036	226,125.00	107,296.83	
11/01/2036	92,631.25	42,793.71	
05/01/2037	237,631.25	106,883.34	
11/01/2037	88,734.38	38,858.18	
05/01/2038	233,734.38	99,654.56	
11/01/2038	84,837.50	35,216.53	
05/01/2039	234,837.50	94,909.61	
11/01/2039	80,806.25	31,795.95	
05/01/2040	240,806.25	92,252.61	
11/01/2040	76,506.25	28,535.92	
05/01/2041	246,506.25	89,517.30	
11/01/2041	71,937.50	25,434.22	
05/01/2042	251,937.50	86,724.14	
11/01/2042	67,100.00	22,488.15	
05/01/2043	257,100.00	83,891.39	
11/01/2043	61,875.00	19,656.88	
05/01/2044	261,875.00	80,998.60	
11/01/2044	56,375.00	16,976.73	
05/01/2045	266,375.00	78,098.93	
11/01/2045	50,600.00	14,443.96	
05/01/2046	270,600.00	75,205.15	
11/01/2046	44,550.00	12,054.57	
05/01/2047	279,550.00	73,645.70	
11/01/2047	38,087.50	9,769.10	
05/01/2048	288,087.50	71,941.66	
11/01/2048	31,212.50	7,588.72	
05/01/2049	291,212.50	68,934.12	
11/01/2049	24,062.50	5,545.61	
05/01/2050	299,062.50	67,104.91	

PROOF OF ARBITRAGE YIELD
$4,700,000
Forest Lake Community Development District (City of Davenport, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Two Project)

Date	

Debt Service	Present Value to 05/24/2022
@ 5.4215125225%	
11/01/2050	16,500.00	3,604.63	
05/01/2051	306,500.00	65,191.50	
11/01/2051	8,525.00	1,765.38	
05/01/2052	318,525.00	64,220.28	
	9,644,261.29	4,710,000.00	
	
Proceeds Summary		

Delivery date	05/24/2022	
Par Value	4,710,000.00	
Target for yield calculation	4,710,000.00	

BOND DEBT SERVICE
$4,700,000
Forest Lake Community Development District (City of Davenport, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Two Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
05/24/2022						
11/01/2022			109,951.79	109,951.79		
05/01/2023	65,000	4.750%	126,059.38	191,059.38	301,011.17	
11/01/2023			124,515.63	124,515.63		
05/01/2024	70,000	4.750%	124,515.63	194,515.63	319,031.26	
11/01/2024			122,853.13	122,853.13		
05/01/2025	75,000	4.750%	122,853.13	197,853.13	320,706.26	
11/01/2025			121,071.88	121,071.88		
05/01/2026	80,000	4.750%	121,071.88	201,071.88	322,143.76	
11/01/2026			119,171.88	119,171.88		
05/01/2027	80,000	4.750%	119,171.88	199,171.88	318,343.76	
11/01/2027			117,271.88	117,271.88		
05/01/2028	85,000	5.000%	117,271.88	202,271.88	319,543.76	
11/01/2028			115,146.88	115,146.88		
05/01/2029	90,000	5.000%	115,146.88	205,146.88	320,293.76	
11/01/2029			112,896.88	112,896.88		
05/01/2030	95,000	5.000%	112,896.88	207,896.88	320,793.76	
11/01/2030			110,521.88	110,521.88		
05/01/2031	100,000	5.000%	110,521.88	210,521.88	321,043.76	
11/01/2031			108,021.88	108,021.88		
05/01/2032	105,000	5.000%	108,021.88	213,021.88	321,043.76	
11/01/2032			105,396.88	105,396.88		
05/01/2033	110,000	5.375%	105,396.88	215,396.88	320,793.76	
11/01/2033			102,440.63	102,440.63		
05/01/2034	115,000	5.375%	102,440.63	217,440.63	319,881.26	
11/01/2034			99,350.00	99,350.00		
05/01/2035	120,000	5.375%	99,350.00	219,350.00	318,700.00	
11/01/2035			96,125.00	96,125.00		
05/01/2036	130,000	5.375%	96,125.00	226,125.00	322,250.00	
11/01/2036			92,631.25	92,631.25		
05/01/2037	145,000	5.375%	92,631.25	237,631.25	330,262.50	
11/01/2037			88,734.38	88,734.38		
05/01/2038	145,000	5.375%	88,734.38	233,734.38	322,468.76	
11/01/2038			84,837.50	84,837.50		
05/01/2039	150,000	5.375%	84,837.50	234,837.50	319,675.00	
11/01/2039			80,806.25	80,806.25		
05/01/2040	160,000	5.375%	80,806.25	240,806.25	321,612.50	
11/01/2040			76,506.25	76,506.25		
05/01/2041	170,000	5.375%	76,506.25	246,506.25	323,012.50	
11/01/2041			71,937.50	71,937.50		
05/01/2042	180,000	5.375%	71,937.50	251,937.50	323,875.00	
11/01/2042			67,100.00	67,100.00		
05/01/2043	190,000	5.500%	67,100.00	257,100.00	324,200.00	
11/01/2043			61,875.00	61,875.00		
05/01/2044	200,000	5.500%	61,875.00	261,875.00	323,750.00	
11/01/2044			56,375.00	56,375.00		
05/01/2045	210,000	5.500%	56,375.00	266,375.00	322,750.00	
11/01/2045			50,600.00	50,600.00		
05/01/2046	220,000	5.500%	50,600.00	270,600.00	321,200.00	
11/01/2046			44,550.00	44,550.00		
05/01/2047	235,000	5.500%	44,550.00	279,550.00	324,100.00	
11/01/2047			38,087.50	38,087.50		
05/01/2048	250,000	5.500%	38,087.50	288,087.50	326,175.00	
11/01/2048			31,212.50	31,212.50		
05/01/2049	260,000	5.500%	31,212.50	291,212.50	322,425.00	
11/01/2049			24,062.50	24,062.50		
05/01/2050	275,000	5.500%	24,062.50	299,062.50	323,125.00	

BOND DEBT SERVICE
$4,700,000
Forest Lake Community Development District (City of Davenport, Florida)
Special Assessment Bonds, Series 2022 (Assessment Area Two Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
11/01/2050			16,500.00	16,500.00		
05/01/2051	290,000	5.500%	16,500.00	306,500.00	323,000.00	
11/01/2051			8,525.00	8,525.00		
05/01/2052	310,000	5.500%	8,525.00	318,525.00	327,050.00	
	4,710,000		4,934,261.29	9,644,261.29	9,644,261.29	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.421513%)

05/24/22	Beg	Bal	-3,991,101.36	-4,685,849.32	
06/08/22			7,500.00	8,787.26	
06/08/22			137,962.88	161,642.05	
06/08/22			13,790.00	16,156.84	
06/22/22			3,750.00	4,384.50	
07/14/22			358,507.94	417,799.29	
07/14/22			10,720.00	12,492.91	
07/14/22			3,750.00	4,370.19	
07/14/22			98,480.85	114,767.97	
07/15/22			117,795.10	137,256.09	
07/26/22			7,500.00	8,724.81	
07/27/22			25,000.00	29,078.37	
08/04/22			88,943.65	103,345.89	
08/04/22			480,388.05	558,175.09	
08/04/22			6,080.00	7,064.51	
08/04/22			112.50	130.72	
08/18/22			3,750.00	4,348.17	
09/15/22			27,485.44	31,742.06	
09/15/22			3,750.00	4,330.76	
09/15/22			3,750.00	4,330.76	
09/15/22			960,304.81	1,109,025.45	
09/15/22			5,700.00	6,582.75	
09/23/22			8,910.23	10,277.92	
10/11/22			3,750.00	4,314.06	
10/11/22			945.00	1,087.14	
10/11/22			844,989.48	972,088.61	
10/25/22			111,274.21	127,745.50	
10/25/22			33,993.00	39,024.79	
10/25/22			3,750.00	4,305.09	
11/02/22			499,266.70	572,574.44	
11/02/22			13,700.00	15,711.58	
11/21/22			3,750.00	4,288.49	
12/09/22			115,011.53	131,175.59	
12/15/22			278.60	317.47	
02/13/23			114.00	128.79	
02/24/23			-40,177.12	-45,315.89	
03/07/23			31,770.20	35,764.54	
03/07/23			3,750.00	4,221.47	
03/22/23			3,966.00	4,454.69	
04/21/23			-159,853.13	-178,778.15	
04/24/23			750.00	838.42	
04/28/23			159,853.13	178,592.29	
05/26/23			114.00	126.84	
08/08/23			39.00	42.93	
08/24/23			-71,325.01	-78,324.49	
11/13/23			1,331.20	1,444.78	
11/13/23			70,351.02	76,353.34	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.421513%)	
07/31/24	Bal	418.63	437.32	
07/31/24	Acc	1.68	1.76	
05/24/25	TOTALS:	14,642.21	-58,413.61	

ISSUE DATE:	05/24/22	
REBATABLE ARBITRAGE:	
-58,413.61	
COMP DATE:	05/24/25	NET INCOME:	14,642.21	
BOND YIELD: 5.421513%	TAX INV YIELD:	1.210389%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.421513%)

05/24/22	Beg	Bal	-319,706.26	-375,358.89	
06/02/22			13.80	16.18	
07/05/22			134.82	157.33	
08/02/22			258.82	300.82	
09/02/22			418.71	484.49	
10/04/22			482.15	555.25	
11/02/22			653.96	749.98	
12/02/22			815.98	931.63	
12/22/22			0.40	0.46	
01/04/23			933.20	1,060.41	
02/02/23			993.09	1,123.78	
03/02/23			952.51	1,073.06	
04/21/23			159,853.13	178,778.15	
04/28/23			-159,853.13	-178,592.29	
05/01/23			110,968.76	123,922.08	
05/02/23			981.97	1,096.43	
06/02/23			791.71	880.06	
07/05/23			777.01	859.50	
08/01/23			66,087.49	72,821.44	
08/24/23			71,325.01	78,324.49	
09/05/23			503.93	552.48	
10/03/23			280.71	306.48	
11/01/23			275.00	299.00	
11/02/23			291.12	316.48	
12/04/23			281.66	304.74	
01/03/24			290.90	313.38	
02/02/24			289.67	310.72	
03/04/24			269.19	287.38	
04/02/24			287.77	305.94	
05/02/24			278.12	294.36	
06/04/24			287.72	303.08	
07/02/24			278.59	292.24	
07/31/24	Bal		71,050.00	74,222.70	
07/31/24	Acc		287.88	300.74	
05/24/25	TOTALS:	11,835.39	-12,405.94	

ISSUE DATE:	05/24/22	
REBATABLE ARBITRAGE:	
-12,405.94	
COMP DATE:	05/24/25	NET INCOME:	11,835.39	
BOND YIELD: 5.421513%	TAX INV YIELD:	2.791185%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.421513%)

05/24/22	Beg	Bal	-109,717.38	-128,816.35	
06/22/22			4.74	5.54	
07/05/22			46.27	53.99	
08/02/22			88.82	103.23	
09/02/22			143.70	166.28	
10/04/22			165.46	190.55	
11/01/22			109,717.38	125,845.97	
11/02/22			224.43	257.38	
12/09/22			-1,866.20	-2,128.48	
01/04/23			4.13	4.69	
02/02/23			5.80	6.56	
03/02/23			5.56	6.26	
04/04/23			6.34	7.11	
05/01/23			-123,924.43	-138,390.06	
05/01/23			125,790.63	140,474.10	
05/02/23			6.50	7.26	
05/24/25	TOTALS:	701.75	-2,205.96	

ISSUE DATE:	05/24/22	
REBATABLE ARBITRAGE:	
-2,205.96	
COMP DATE:	05/24/25	NET INCOME:	701.75	
BOND YIELD: 5.421513%	TAX INV YIELD:	1.447105%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.421513%)

05/24/22	Beg	Bal	-185,475.00	-217,761.42	
05/24/22			50,000.00	58,703.71	
05/24/22			45,000.00	52,833.34	
05/24/22			30,000.00	35,222.23	
05/24/22			6,000.00	7,044.45	
05/24/22			1,750.00	2,054.63	
05/24/22			45,000.00	52,833.34	
05/26/22			5,875.00	6,895.64	
12/09/22			1,866.20	2,128.48	
05/24/25	TOTALS:	16.20	-45.61	

ISSUE DATE:	05/24/22	
REBATABLE ARBITRAGE:	
-45.61	
COMP DATE:	05/24/25	NET INCOME:	16.20	
BOND YIELD: 5.421513%	TAX INV YIELD:	1.564922%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(5.421513%)	
05/24/23	-1,960.00	-2,181.32	
05/24/24	-2,070.00	-2,183.75	
05/24/25	TOTALS:	-4,030.00	-4,365.07	

ISSUE DATE:	05/24/22	REBATABLE ARBITRAGE: -4,365.07 COMP DATE:	05/24/25
BOND YIELD: 5.421513%

Section VII

Section C

Forest Lake CDD
Field Management Report

September 05, 2024 Marshall Tindall
Field Services Manager GMS

1

Forest Lake CDD Field Management Report | GMS 2024

Landscape Review

Landscaper has kept the common areas clean and well maintained.
Bush hogging completed on northern perimeter fence.
Working on minor fills ins and touch up mulching.

2

Forest Lake CDD Field Management Report | GMS 2024

w

Amenity Review

Facilities have been well maintained.
Skewed playground border was adjusted.
1st half of chaise lounge webbing replacements were completed and 2nd half were sent off for replacement.
Metal mesh framing was repaired on pool entrance gate. Rust stain on entry ramp was cleaned. Landscaper arranged replacement of damaged panel on rear pool fence.

3

Forest Lake CDD Field Management Report | GMS 2024

w

Fence Maintenance

Aluminum fence repairs were completed along retaining walls where needed.
Items 12,13, & 14 from engineer’s report.

4

Forest Lake CDD Field Management Report | GMS 2024

Stormwater System Maintenance

Sediment accumulation and associated vegetation encroachments were cleared from several drains in the community. Trash was cleared from stormwater outlet drain. Supplemental trash pickup from ponds as needed to address construction debris.

w

Some additional cleanup of drains and ponds will continue through next month as needed.

5

Forest Lake CDD Field Management Report | GMS 2024

Approved contract was finalized and materials are ordered. Will coordinate with vendor once pavers arrive on final installation.

In progress

Mailbox pavers

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 407-346-2453, or by email at mtindall@gmscfl.com. Thank you.

Respectfully, Marshall Tindall

Section D

Section 1

Forest Lake
Community  Development  District

Summary of Checks

July 18, 2024 to August 20, 2024

Bank	Date	Check No.'s	Amount

General Fund		
	7/22/24	587-592	$	12,025.60	
	8/5/24	593-594	$	3,108.36	
	8/13/24	595-600	$	7,952.53	
8/19/24	601-603	 $	11,872.66 	
$	34,959.15	
$	34,959.15	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER
*** CHECK DATES 07/18/2024 - 08/20/2024 ***	FOREST LAKE CDD
BANK A GENERAL FUND

CHECK REGISTER	RUN	8/28/24	

STATUS		
AMOUNT	
*		550.00	
*		250.00	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME

PAGE	1

....CHECK.....

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
7/22/24 00031	6/30/24 12627	202406 330-57200-48200
MNTHLY CLEANING-JUN24
6/30/24 12627	202406 330-57200-48200
MNTHLY TRASH SERVICE-JUN
CLEAN STAR SERVICES OF	800.00 000587
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/22/24 00039	7/15/24 108783	202406 330-57200-34500	*	205.00
ACCESS/CAMERA LABOR
CURRENT DEMANDS ELECTRICAL & SECURI	205.00 000588
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/22/24 00001	5/31/24 141	202405 320-53800-48000	*	590.00
GENERAL MAINTENANCE-MAY
5/31/24 141	202405 330-57200-48000	*	618.75
AMNENITY MAINTENANCE-MAY
GOVERNMENTAL MANAGEMENT SERVICES-	1,208.75 000589
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/22/24 00049	7/14/24 9918	202406 310-51300-31500	*	222.00
ATTORNEY SVCS-JUN24
KILINSKI VAN WYK, PLLC	222.00 000590
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/22/24 00016	7/01/24 13155	202406 320-53800-47300	*	181.05
RPLCD NOZZLES/SPRAY
7/01/24 13211	202407 320-53800-46200	*	7,308.50
LANDSCAPE MAINT-JUL24
7/11/24 13366	202407 320-53800-47300	*	150.30
RPLCD NOZZLES/ROTOR
PRINCE & SONS INC.	7,639.85 000591
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/22/24 00028	7/01/24 23487	202407 330-57200-48500	*	1,650.00
POOL MAINTENANCE-JUL24
7/15/24 23631	202407 330-57200-48000	*	300.00
RPLCD LIFT CONTROLLER
MCDONNELL CORPORATION DBA	1,950.00 000592
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/05/24 00066	7/31/24 00065826 202407 310-51300-48000	*	717.66
FY2025 BUDGET MTG
GANNETT MEDIA CORP DBA	717.66 000593
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/05/24 00033	8/05/24 08052024 202408 300-15500-10000	*	2,390.70
EQUIPMENT LEASE-SEP24
WHFS, LLC	2,390.70 000594
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/24 00051	8/01/24 BH080120 202408 310-51300-11000	*	200.00
SUPERVISOR FEES
BOBBIE HENLEY	200.00 000595
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
FORL FOREST LAKE CD CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER
*** CHECK DATES 07/18/2024 - 08/20/2024 ***	FOREST LAKE CDD
BANK A GENERAL FUND

CHECK REGISTER	RUN	8/28/24	

STATUS		
AMOUNT	
*		550.00	
*		250.00	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME

PAGE	2

....CHECK.....

DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
8/13/24 00031	7/26/24 12847	202407 330-57200-48200
MNTHLY CLEANING-JUL24
7/26/24 12847	202407 330-57200-48200
MNTHLY TRASH SERVICE-JUL
CLEAN STAR SERVICES OF	800.00 000596
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/24 00043	8/01/24 EL080120 202408 310-51300-11000	*	200.00
SUPERVISOR FEES-08/01/24
ERIC LAVOIE	200.00 000597
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/24 00001	6/30/24 144	202406 330-57200-48000	*	558.79
AMENITY-REPAIR/MAINT-JUN
8/01/24 142	202408 310-51300-34000	*	3,343.67
MANAGEMENT FEES-AUG24
8/01/24 142	202408 310-51300-35100	*	100.00
WEBSITE MANAGEMENT-AUG24
8/01/24 142	202408 310-51300-35200	*	150.00
INFORMATION TECH-AUG24
8/01/24 142	202408 310-51300-31300	*	500.00
DISSEMINATION SVCS-AUG24
8/01/24 142	202408 330-57200-48300	*	437.50
AMENITY ACCESS-AUG24
8/01/24 142	202408 310-51300-51000	*	3.04
OFFICE SUPPLIES
8/01/24 142	202408 310-51300-42000	*	27.83
POSTAGE
8/01/24 142	202408 310-51300-42500	*	.45
COPIES
8/01/24 143	202408 320-53800-12000	*	1,391.25
FIELD MANAGEMENT-AUG24
GOVERNMENTAL MANAGEMENT SERVICES-	6,512.53 000598
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/24 00061	8/01/24 LR080120 202408 310-51300-11000	*	200.00
SUPERVISOR FEES-08/01/24
LINDSEY RODEN	200.00 000599
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/13/24 00041	7/15/24 60028684 202407 330-57200-48100	*	40.00
PEST CONTROL-JUL24
MASSEY SERVICES INC.	40.00 000600
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/19/24 00067	7/31/24 3882	202407 330-57200-48000	*	1,680.00
RE-SLINGED 16 LOUNGE
FLORIDA PATIO FURNITURE &	1,680.00 000601
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/19/24 00016	7/29/24 13492	202407 320-53800-47300	*	1,234.16
INSTL ACCU CK REGULATORS
FORL FOREST LAKE CD CWRIGHT

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/28/24	PAGE	3
*** CHECK DATES 07/18/2024 - 08/20/2024 ***	FOREST LAKE CDD
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/01/24 13629	202408 320-53800-46200	*	7,308.50
LANDSCAPE MAINT-AUG24
PRINCE & SONS INC.	8,542.66 000602
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/19/24 00028	8/01/24 23830	202408 330-57200-48500	*	1,650.00
POOL MAINTENANCE-AUG24
MCDONNELL CORPORATION DBA	1,650.00 000603
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	34,959.15
TOTAL FOR REGISTER	34,959.15

FORL FOREST LAKE CD CWRIGHT

Section 2

Forest Lake
Community Development District

Unaudited Financial Reporting
July 31, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Series 2020 Debt Service Fund	

5	
	Series 2022 Debt Service Fund	

6	
	Series 2020 Capital Projects Fund	

7	
	Series 2022 Capital Projects Fund	

8	
	Capital Reserve Fund	

9-10	
	Month to Month	

11	
	Long Term Debt Report	

12	
	Assessment Receipt Schedule	

Combined Balance Sheet July 31, 2024

General
Fund

Debt Service
Fund

Capital Projects	Totals
Fund	Governmental Funds

Assets:
Cash:
Operating Account	$	539,514	$	-	$	-	$	539,514	
Series 2020			
Reserve	$	-	$	249,169	$	-	$	249,169	
Revenue	$	-	$	208,487	$	-	$	208,487	
Prepayments	$	-	$	6	$	-	$	6	
Construction	$	-	$	-	$	0	$	0	
Series 2022			
Reserve	$	-	$	71,050	$	-	$	71,050	
Revenue	$	-	$	84,925	$	-	$	84,925	
Prepayments	$	-	$	78	$	-	$	78	
Construction	$	-	$	-	$	419	$	419	
Prepaid Expenses	$	3,734	$	-	$	-	$	3,734	
Due from General Fund	$	-	$	9,425	$	-	$	9,425	
Total Assets	$	543,249	$	623,141	$	419	$	1,166,808	
Liabilities:			
Accounts Payable	$	5,791	$	-	$	-	$	5,791	
Due to Debt Service	$	9,425	$	-	$	-	$	9,425	
Total Liabilities	$	15,216	$	-	$	-	$	15,216	

Fund Balances:			
Restricted for:
Debt Service - Series 2020	
$	-	
$	464,983	$	-	$	464,983	
Debt Service - Series 2022	$	-	$	158,158	$	-	$	158,158	
Capital Projects - Series 2020	$	-	$	-	$	0	$	0	
Capital Projects - Series 2022	$	-	$	-	$	419	$	419	
Unassigned	$	528,033	$	-	$	-	$	528,033	
Total Fund Balances	$	528,033	$	623,141	$	419	$	1,151,592	
					
Total Liabilities & Fund Balance	$	543,249	$	623,141	$	419	$	1,166,808	

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

Revenues		
Assessments - Tax Roll	$	617,756	$	617,756	$	623,907	$	6,151	
Miscellaneous Income	$	-	$	-	$	90	$	90	
Total Revenues	$	617,756	$	617,756	$	623,997	$	6,241	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	10,000	$	3,800	$	6,200	
Engineering	$	15,000	$	12,500	$	-	$	12,500	
Attorney	$	30,000	$	25,000	$	14,764	$	10,236	
Annual Audit	$	6,600	$	6,600	$	6,600	$	-	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	900	$	450	$	450	$	-	
Dissemination	$	6,000	$	6,000	$	5,100	$	900	
Trustee Fees	$	8,081	$	9,416	$	9,416	$	-	
Management Fees	$	40,124	$	33,437	$	33,437	$	-	
Information Technology	$	1,800	$	1,500	$	1,500	$	-	
Website Maintenance	$	1,200	$	1,000	$	1,000	$	-	
Postage & Delivery	$	1,000	$	833	$	577	$	256	
Insurance	$	6,397	$	6,397	$	5,758	$	639	
Copies	$	500	$	417	$	33	$	384	
Legal Advertising	$	5,000	$	4,167	$	718	$	3,449	
Other Current Charges	$	1,500	$	1,250	$	439	$	811	
Office Supplies	$	625	$	521	$	22	$	499	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative:	$	141,902	$	124,662	$	88,788	$	35,874	

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

Operations and Maintenance		
Field Expenditures
Property Insurance	
$	14,118	
$	14,118	
$	14,586	
$	(468)	
Field Management	$	16,695	$	13,913	$	13,913	$	-	
Landscape Maintenance	$	127,000	$	105,833	$	73,245	$	32,588	
Landscape Replacement	$	12,000	$	10,000	$	-	$	10,000	
Streetlights	$	42,410	$	35,342	$	21,774	$	13,567	
Electric	$	7,260	$	6,050	$	1,819	$	4,231	
Water & Sewer	$	1,000	$	1,000	$	1,988	$	(988)	
Sidewalk & Asphalt Maintenance	$	2,500	$	2,083	$	-	$	2,083	
Irrigation Repairs	$	7,500	$	6,250	$	3,682	$	2,568	
General Repairs & Maintenance	$	12,000	$	10,000	$	9,500	$	500	
Contingency	$	7,500	$	6,250	$	5,934	$	316	
Subtotal Field Expenditures	$	249,983	$	210,839	$	146,440	$	64,398	

Amenity Expenditures
Amenity - Electric	

$	13,794	

$	13,794	

$	11,799	

$	1,995	
Amenity - Water	$	4,066	$	4,066	$	5,510	$	(1,444)	
Playground Lease	$	28,688	$	28,688	$	23,907	$	4,781	
Internet	$	1,500	$	1,250	$	990	$	260	
Pest Control	$	528	$	440	$	400	$	40	
Janitorial Services	$	9,600	$	9,600	$	8,115	$	1,485	
Security Services	$	33,500	$	27,917	$	7,969	$	19,948	
Pool Maintenance	$	19,800	$	19,800	$	20,180	$	(380)	
Amenity Access Management	$	5,250	$	5,250	$	4,694	$	556	
Amenity Repairs & Maintenance	$	10,000	$	8,333	$	4,458	$	3,876	
Contingency	$	7,500	$	6,250	$	1,968	$	4,282	
Subtotal Amenity Expenditures	$	134,226	$	125,388	$	89,989	$	35,399	
					
Total Expenditures	$	526,111	$	460,889	$	325,217	$	135,672	
					
Excess (Deficiency) of Revenues over Expenditures	$	91,645		$	298,781		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	(91,645)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(91,645)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-		$	298,781		
					
Fund Balance - Beginning	$	-		$	229,252		
					
Fund Balance - Ending	$	-		$	528,033		

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

Revenues		
Assessments - Tax Roll	$	498,246	$	498,246	$	503,322	$	5,076	
Interest	$	-	$	-	$	19,779	$	19,779	
Total Revenues	$	498,246	$	498,246	$	523,101	$	24,855	

Expenditures:					
Interest Expense - 11/1	$	161,547	$	161,547	$	161,547	$	-	
Principal Expense - 5/1	$	175,000	$	175,000	$	175,000	$	-	
Interest Expense - 5/1	$	161,547	$	161,547	$	161,547	$	-	
Total Expenditures	$	498,094	$	498,094	$	498,094	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	152		$	25,008		
					
Fund Balance - Beginning	$	192,024		$	439,975		
					
Fund Balance - Ending	$	192,177		$	464,983		

Adopted	Prorated Budget	Actual	
Budget	Thru 07/31/24	Thru 07/31/24	Variance	

Revenues		
Assessments - Tax Roll	$	140,650	$	140,650	$	144,701	$	4,052	
Interest	$	-	$	-	$	6,260	$	6,260	
Total Revenues	$	140,650	$	140,650	$	150,961	$	10,311	

Expenditures:					
Interest Expense - 11/1	$	54,953	$	54,953	$	54,953	$	-	
Special Call - 11/1	$	-	$	-	$	10,000	$	(10,000)	
Principal Expense - 5/1	$	30,000	$	30,000	$	30,000	$	-	
Interest Expense - 5/1	$	54,953	$	54,953	$	54,678	$	275	
Total Expenditures	$	139,906	$	139,906	$	149,631	$	(9,725)	
					
Net Change in Fund Balance	$	743		$	1,330		
					
Fund Balance - Beginning	$	151,304		$	156,828		
					
Fund Balance - Ending	$	152,048		$	158,158		

	Adopted	Prorated Budget	Actual		
		Budget	Thru 07/31/24	Thru 07/31/24		Variance		

Revenues

Interest	

$		

-	$	-	$	-	

$		

-	
Total Revenues	$		-	$	-	$	-	$		-	

Expenditures:

Capital Outlay	

$		

-	$	-	$	-	

$		

-	
Total Expenditures	$		-	$	-	$	-	$		-	
							
Excess (Deficiency) of Revenues over Expenditures	$		-	$	-				
							
Fund Balance - Beginning	$		-	$	0				
							
Fund Balance - Ending	$		-	$	0				

Revenues		
Interest	$	-	$	-	$	700	$	700	
Total Revenues	$	-	$	-	$	700	$	700	

Expenditures:

Capital Outlay	

$	-	$	-	$	71,682	

$	(71,682)	
Total Expenditures	$	-	$	-	$	71,682	$	(71,682)	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(70,983)		
			
Fund Balance - Beginning	$	-	$	71,401		
			
Fund Balance - Ending	$	-	$	419		

Revenues

Interest	

$	-	

$	-	$	-	$	-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Capital Outlay	

$	-	

$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	

Other Financing Sources/(Uses)			
Transfer In/(Out)	$	91,645	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	91,645	$	-	$	-	$	-	
			
Net Change in Fund Balance	$	91,645	$	-	
			
Fund Balance - Beginning	$	-	$	-	$	-	
			
Fund Balance - Ending	$	91,645	$	-	

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Revenues												
Assessments - Tax Roll	$	-	$	16,338	$	503,718	$	14,616	$	9,459	$	19,129	$	10,009	$	40,345	$	10,041	$	252	$	-  $	-  $	623,907	
Misecellaneous Income	$	60	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	30	$	-  $	-  $	90	
Total Revenues	$	60	$	16,338	$	503,718	$	14,616	$	9,459	$	19,129	$	10,009	$	40,345	$	10,041	$	282	$	-	$	-	$	623,997	

Expenditures:												
General & Administrative:												
Supervisor Fees	$	-	$	1,000	$	-	$	1,000	$	-	$	-	$	800	$	1,000	$	-	$	-	$	-  $	-  $	3,800	
Engineering	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-	
Attorney	$	356	$	4,916	$	1,406	$	1,880	$	749	$	114	$	2,096	$	2,266	$	222	$	760	$	-  $	-  $	14,764	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	6,600	$	-	$	-	$	-	$	-  $	-  $	6,600	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	5,000	
Arbitrage	$	450	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	450	
Dissemination	$	600	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	-  $	-  $	5,100	
Trustee Fees	$	6,728	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,688	$	-  $	-  $	9,416	
Management Fees	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	3,344	$	-  $	-  $	33,437	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	1,500	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	1,000	
Postage & Delivery	$	15	$	27	$	69	$	230	$	34	$	27	$	61	$	47	$	48	$	19	$	-  $	-  $	577	
Insurance	$	5,758	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	5,758	
Printing & Binding	$	-	$	2	$	-	$	-	$	-	$	-	$	-	$	-	$	31	$	-	$	-  $	-  $	33	
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	718	$	-  $	-  $	718	
Other Current Charges	$	40	$	39	$	40	$	74	$	41	$	41	$	41	$	41	$	42	$	41	$	-  $	-  $	439	
Office Supplies	$	3	$	3	$	1	$	0	$	3	$	1	$	1	$	6	$	3	$	0	$	-  $	-  $	22	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	175	
Subtotal General & Administrative:	$	22,718	$	10,081	$	5,610	$	7,278	$	4,922	$	4,276	$	13,692	$	7,453	$	4,440	$	8,319	$	-  $	-  $	88,788	

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total	

Operations and Maintenance												
Field Expenditures
Property Insurance	

$	14,586	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	14,586	
Field Management	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	1,391	$	-  $	-  $	13,913	
Landscape Maintenance	$	7,284	$	7,284	$	7,284	$	7,309	$	7,309	$	7,544	$	14,617	$	-	$	7,309	$	7,309	$	-  $	-  $	73,245	
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-	
Streetlights	$	1,811	$	2,053	$	2,051	$	1,832	$	2,030	$	2,030	$	2,030	$	2,649	$	2,650	$	2,638	$	-  $	-  $	21,774	
Electric	$	143	$	499	$	206	$	63	$	215	$	146	$	105	$	255	$	26	$	162	$	-  $	-  $	1,819	
Water & Sewer	$	297	$	283	$	234	$	446	$	148	$	121	$	110	$	118	$	114	$	118	$	-  $	-  $	1,988	
Sidewalk & Asphalt Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-	
Irrigation Repairs	$	1,895	$	140	$	-	$	-	$	-	$	81	$	-	$	-	$	181	$	1,384	$	-  $	-  $	3,682	
General Repairs & Maintenance	$	2,243	$	2,967	$	1,046	$	-	$	1,418	$	-	$	1,235	$	590	$	-	$	-	$	-  $	-  $	9,500	
Contingency	$	-	$	-	$	-	$	5,734	$	-	$	-	$	-	$	-	$	200	$	-	$	-  $	-  $	5,934	
Subtotal Field Expenditures	$	29,650	$	14,617	$	12,212	$	16,775	$	12,512	$	11,313	$	19,488	$	5,003	$	11,870	$	13,002	$	-  $	-  $	146,440	

Amenity Expenditures
Amenity - Electric	

$	1,323	

$	1,233	

$	1,219	

$	1,177	

$	1,187	

$	1,248	

$	1,134	

$	1,102	

$	1,196	

$	981	

$	-  $	-  $	11,799	
Amenity - Water	$	308	$	298	$	310	$	298	$	460	$	1,072	$	635	$	660	$	734	$	735	$	-  $	-  $	5,510	
Playground Lease	$	2,391	$	2,391	$	2,391	$	2,391	$	2,391	$	2,391	$	2,391	$	2,391	$	2,391	$	2,391	$	-  $	-  $	23,907	
Internet	$	108	$	108	$	88	$	88	$	98	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	990	
Pest Control	$	40	$	40	$	40	$	40	$	40	$	40	$	40	$	40	$	40	$	40	$	-  $	-  $	400	
Janitorial Services	$	800	$	800	$	800	$	-	$	1,640	$	875	$	800	$	800	$	800	$	800	$	-  $	-  $	8,115	
Security Services	$	1,594	$	263	$	340	$	-	$	-	$	1,600	$	-	$	1,389	$	2,783	$	-	$	-  $	-  $	7,969	
Pool Maintenance	$	2,850	$	1,760	$	2,760	$	1,350	$	1,470	$	1,350	$	3,570	$	1,770	$	1,650	$	1,650	$	-  $	-  $	20,180	
Amenity Access Management	$	438	$	438	$	757	$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	-  $	-  $	4,694	
Amenity Repairs & Maintenance	$	635	$	-	$	-	$	-	$	380	$	285	$	-	$	619	$	559	$	1,980	$	-  $	-  $	4,458	
Contingency	$	-	$	-	$	-	$	1,688	$	-	$	-	$	-	$	280	$	-	$	-	$	-  $	-  $	1,968	
Subtotal Amenity Expenditures	$	10,486	$	7,330	$	8,705	$	7,468	$	8,103	$	9,398	$	9,107	$	9,588	$	10,690	$	9,114	$	-  $	-  $	89,989	
												
Total Expenditures	$	62,854	$	32,027	$	26,526	$	31,522	$	25,536	$	24,987	$	42,286	$	22,044	$	27,000	$	30,435	$	-  $	-  $	325,217	
												
Excess (Deficiency) of Revenues over Expenditures	$	(62,794)	$	(15,689)	$	477,192	$	(16,906)	$	(16,077)	$	(5,858)	$	(32,278)	$	18,302	$	(16,959)	$	(30,153)	$	-	$	-	$	298,781	

Other Financing Sources/(Uses)												
Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-	
												
Net Change in Fund Balance	$	(62,794)	$	(15,689)	$	477,192	$	(16,906)	$	(16,077)	$	(5,858)	$	(32,278)	$	18,302	$	(16,959)	$	(30,153)	$	-  $	-  $	298,781	

Forest Lake
Community Development District Long Term Debt Report

Series 2020, Special Assessment Revenue Bonds	
Interest Rate:	2.625%, 3.250%, 4.000%	
Maturity Date:	5/1/2051	
Reserve Fund Definition	50% Maximum Annual Debt Service	
Reserve Fund Requirement	$249,169	
Reserve Fund Balance	$249,169	
Bonds Outstanding - 09/29/20	$8,845,000	
Less: Special Call - 11/1/21	($120,000)	
Less: Principal Payment - 5/1/22	($165,000)	
Less: Special Call - 11/1/22	($5,000)	
Less: Principal Payment - 5/1/23	($170,000)	
Less: Principal Payment - 5/1/24	($175,000)	
Current Bonds Outstanding	$8,210,000	

Series 2022, Special Assessment Revenue Bonds		
Interest Rate:	4.750%, 5.000%, 5.375%, 5.500%		
Maturity Date:	5/1/2052		
Reserve Fund Definition	Maximum Annual Debt Service		
Reserve Fund Requirement	$71,050		
Reserve Fund Balance	$71,050		
Bonds Outstanding - 05/24/2022	$4,700,000	
Less: Principal Payment - 5/1/23	($65,000)	
Less: Special Call - 5/1/23	($1,615,000)	
Less: Special Call - 8/1/23	($970,000)	
Less: Special Call - 11/1/23	($10,000)	
Less: Principal Payment - 5/1/24	($30,000)	
Current Bonds Outstanding	$2,010,000	

Forest Lake
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

Gross Assessments	$ 664,255.76	$ 535,872.43	$ 154,059.26	$ 1,354,187.45	
Net Assessments	$ 617,757.86	$ 498,361.36	$ 143,275.11	$ 1,259,394.33	
	49%	40%	11%	100%	

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
General Fund	2020 Debt Service	2022 Debt Service	
Total	
						$	-	$	-	$	-	$	-	$	-	
11/10/23	10/13/23 - 10/14/23	$	2,557.00	$	(134.25)	$	(48.46)	$	-	$	2,374.29	$	1,164.64	$	939.54	$	270.11	$	2,374.29	
11/17/23	11/1/2023 - 11/05/23	$	7,530.85	$	(301.24)	$	(144.59)	$	-	$	7,085.02	$	3,475.34	$	2,803.65	$	806.03	$	7,085.02	
11/24/23	11/06/23 - 11/12/23	$	25,349.25	$	(1,013.98)	$	(486.71)	$	-	$	23,848.56	$  11,698.19	$	9,437.24	$	2,713.13	$	23,848.56	
12/8/23	11/13/23 - 11/22/23	$	65,531.77	$	(2,621.31)	$	(1,258.21)	$	-	$	61,652.25	$  30,241.65	$  24,396.73	$	7,013.87	$	61,652.25	
12/21/23	11/23/23-11/30/23	$	909,261.22	$	(36,335.72)	$  (17,458.51)	$	-	$	855,466.99	$ 419,623.50	$ 338,521.21	$  97,322.28	$  855,466.99	
12/29/23	12/1/23 - 12/15/23	$	131,030.50	$	(5,184.02)	$	(2,516.93)	$	-	$	123,329.55	$  60,495.58	$  48,803.37	$  14,030.60	$  123,329.55	
12/31/23	1% Adj	$	(13,541.88)	$	-	$	-	$	-	$	(13,541.88)	$  (6,642.56)	$	(5,358.73)	$  (1,540.59)	$	(13,541.88)	
1/10/24	12/16/23 - 1231/23	$	28,296.65	$	(848.98)	$	(548.95)	$	-	$	26,898.72	$  13,194.35	$  10,644.23	$	3,060.14	$	26,898.72	
1/16/24	10/1/23 - 12/31/23	$	-	$	-	$	-	$	2,898.02	$	2,898.02	$	1,421.54	$	1,146.79	$	329.69	$	2,898.02	
2/9/24	1/1/24 - 01/31/24	$	20,077.83	$	(401.52)	$	(393.53)	$	-	$	19,282.78	$	9,458.58	$	7,630.49	$	2,193.71	$	19,282.78	
3/13/24	02/01/24 - 02/29/24	$	40,195.99	$	(402.05)	$	(795.88)	$	-	$	38,998.06	$  19,129.32	$  15,432.12	$	4,436.62	$	38,998.06	
4/10/24	03/01/24 - 03/31/24	$	20,820.81	$	-	$	(416.42)	$	-	$	20,404.39	$  10,008.75	$	8,074.33	$	2,321.31	$	20,404.39	
5/20/24	01/01/24 - 03/31/24	$	-	$	-	$	-	$	178.95	$	178.95	$	87.77	$	70.82	$	20.36	$	178.95	
5/31/24	04/01/24 - 04/30/24	$	83,746.38	$	-	$	(1,674.93)	$	-	$	82,071.45	$  40,257.67	$  32,476.91	$	9,336.87	$	82,071.45	
6/20/24	05/01/24-05/31/24	$	2,534.82	$	-	$	(50.70)	$	-	$	2,484.12	$	1,218.51	$	983.00	$	282.61	$	2,484.12	
6/28/24	06/03/24-06/03/24	$	18,353.34	$	-	$	(367.07)	$	-	$	17,986.27	$	8,822.62	$	7,117.44	$	2,046.21	$	17,986.27	
7/25/24	04/01/24-06/30/24	$	-	$	-	$	-	$	513.77	$	513.77	$	252.01	$	203.31	$	58.45	$	513.77	
	Total	$  1,341,744.53	$	(47,243.07)	$  (26,160.89)	$	3,590.74	$	1,271,931.31	$ 623,907.46	$ 503,322.45	$ 144,701.40	$ 1,271,931.31	

0

101%  Net Percent Collected
Balance Remaining to Collect