Scenic Terrace South Community Development District
Meeting Agenda May 18, 2022

-.  ·-�- 

Scenic Terrace South
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

May 11, 2022

Board of Supervisors Scenic Terrace South
Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of the Scenic Terrace South Community Development District will be held on Wednesday, May 18, 2022 at 2:30 PM at 346 E. Central Ave., Winter Haven, FL 33880.

Zoom Video Link: https://us06web.zoom.us/j/82942154253
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 829 4215 4253

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)
Approval of Minutes of the April 20, 2022 Board of Supervisors Meeting
Consideration of Resolution 2022-44 Approving the Proposed Fiscal Year 2022/2023 Budget and Setting the Public Hearing to Adopt the Budget (Suggested Date: August 17, 2022)
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Presentation of Number of Registered Voters—0
Other Business
Supervisors Requests and Audience Comments
Adjournment

1 Comments will be limited to three (3) minutes

MINUTES

MINUTES OF MEETING SCENIC TERRACE SOUTH
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Scenic Terrace South Community Development District was held Wednesday, April 20, 2022 at 2:30 p.m. at 346 E. Central Avenue, Winter Haven, Florida.

Present and constituting a quorum:

Patrick Marone	Vice Chairman
Justin Frye	Assistant Secretary
Patricia Brewer-Hudson	Assistant Secretary
Rennie Heath	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Jake Whealdon	KE Law
Jennifer Kilinski via Zoom	KE Law
Lisa Kelley via Zoom	Dewberry
Heather Wertz	Absolute Engineering

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll. Four Board members were present constituting a quorum.

SECOND ORDER OF BUSNESS	Public Comment Period
Ms. Burns noted that there were no members of the public present to provide comments.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the March 16,
2022 Board of Supervisors Meeting
Ms. Burns asked for any comments, corrections, or changes to the March 16, 2022 Board of Supervisors meeting minutes. The Board had no changes.

On MOTION by Mr. Heath, seconded by Ms. Hudson, with all in favor, the Minutes of the March 16, 2022 Board of Supervisor’s Meeting, were approved.

April 20, 2022	Scenic Terrace South CDD

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-43
Directing Chairman and District Staff to File a Petition Amending District Boundaries
Ms. Burns presented the resolution noting that it removed 13.325 acres, as well as adding additional parcels. She added she had just gotten word of the additional parcels right before the meeting, so the resolution needed to be updated to include the new parcels. She asked for a motion to approve in substantial form.

On MOTION by Mr. Heath, seconded by Mr. Marone, with all in favor, Resolution 2022-43 Directing Chairman and District Staff to File a Petition Amending District Boundaries, was approved in substantial form subject to verification of parcels.

FIFTH ORDER OF BUSINESS	Consideration of Boundary Amendment
Funding Agreement
Ms. Burns presented the Boundary Amendment Funding Agreement and asked for approval subject to verification.

On MOTION by Mr. Heath, seconded by Mr. Marone, with all in favor, Boundary Amendment Funding Agreement, subject to verification of entity.

SIXTH ORDER OF BUSINESS	Review	and	Ranking	of	Proposals
Received for Phase 3 Construction Services (to be provided under separate cover)
Ms. Wertz presented the proposals and rankings, noting that two were disqualified because they hadn’t submitted all of the proposal forms. She also noted the top two proposals were from Jr. Davis at #1 and QGS at #2. There was a discrepancy in days with QGS because they noted 210 days when it was 270 calendar days.

On MOTION by Mr. Heath, seconded by Ms. Hudson, with all in favor, the Proposals Received for Phase 3 Construction Services,

2

April 20, 2022	Scenic Terrace South CDD

with Junior Davis being ranked #1 and Authorization for Staff to Send a Notice of Intent to Award, was approved as amended.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Whealdon stated he had nothing further to report.

Engineer
Ms. Kelley did not have anything to present to the Board but offered to answer any questions.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register, noting the total amount was $7,602. She asked for a motion to approve.

On MOTION by Ms. Hudson, seconded by Mr. Heath, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement
Ms. Burns reviewed the financials. The Board had no questions.

EIGHTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

NINTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being none, the next item followed.

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

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

3

April 20, 2022	Scenic Terrace South CDD

Secretary/Assistant Secretary	Chairman/Vice Chairman

4

SECTION IV

RESOLUTION 2022-44

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Scenic Terrace South Community Development District (“District”) prior to June 15, 2022, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2022 and ending September 30, 2023 (“Fiscal Year 2022/2023”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2022/2023 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	Wednesday, August 17, 2022

HOUR:	2:30 PM

LOCATION:	346 E. Central Ave.
Winter Haven, FL 33880

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to the Town of Lake Hamilton, Florida and Polk County, Florida at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2 and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 18th DAY OF MAY, 2022.

ATTEST:	SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT

Secretary

By:	  Its:	

Scenic Terrace South
Community Development District

Proposed Budget
FY2023

Table of Contents

1

2-6

7

General Fund

General Fund Narrative

Debt Service Fund - Series 2022

8	Amortization Schedule - Series 2022

Scenic Terrace South
Community Development District Proposed Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	4/30/22	5 Months	9/30/22	FY2023	

Revenues						
Developer Contributions	$	133,610	$70,000	$39,573	$109,573	$	317,551	
Total Revenues	$	133,610	$	70,000	$	39,573	$	109,573	$	317,551	

Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$5,400	
$5,000	
$10,400	
$	12,000	
Engineering	$	15,000	$0	$6,250	$6,250	$	15,000	
Attorney	$	25,000	$8,310	$7,837	$16,148	$	25,000	
Annual Audit	$	4,000	$0	$4,000	$4,000	$	4,500	
Assessment Administration	$	5,000	$0	$5,000	$5,000	$	5,000	
Arbitrage	$	500	$0	$450	$450	$	500	
Dissemination	$	5,000	$0	$2,083	$2,083	$	5,000	
Trustee Fees	$	3,600	$0	$3,600	$3,600	$	4,041	
Management Fees	$	35,000	$19,288	$14,583	$33,871	$	36,750	
Information Technology	$	1,800	$992	$750	$1,742	$	1,800	
Website Maintenance	$	2,950	$2,411	$500	$2,911	$	1,200	
Telephone	$	300	$0	$50	$50	$	300	
Postage & Delivery	$	1,000	$89	$271	$360	$	1,000	
Insurance	$	5,000	$3,740	$0	$3,740	$	5,000	
Printing & Binding	$	1,000	$80	$314	$394	$	1,000	
Legal Advertising	$	10,000	$15,035	$990	$16,025	$	18,500	
Contingencies	$	5,000	$0	$2,083	$2,083	$	5,000	
Office Supplies	$	625	$60	$231	$290	$	625	
Travel Per Diem	$	660	$0	$0	$0	$	660	
Dues, Licenses & Subscriptions	$	175	$175	$0	$175	$	175	
Total General & Administrative	$	133,610	$	55,580	$	53,993	$	109,573	$	143,051	

Operations & Maintenance						
Field Services						
Property Insurance	$	-	$0	$0	$0	$	5,000	
Field Management	$	-	$0	$0	$0	$	15,000	
Landscape Maintenance	$	-	$0	$0	$0	$	55,000	
Landscape Replacement	$	-	$0	$0	$0	$	7,500	
Lake Maintenance	$	-	$0	$0	$0	$	15,000	
Streetlights	$	-	$0	$0	$0	$	12,000	
Electric	$	-	$0	$0	$0	$	5,000	
Water & Sewer	$	-	$0	$0	$0	$	5,000	
Sidewalk & Asphalt Maintenance	$	-	$0	$0	$0	$	5,000	
Irrigation Repairs	$	-	$0	$0	$0	$	5,000	
General Repairs & Maintenance	$	-	$0	$0	$0	$	15,000	
Contingency	$	-	$0	$0	$0	$	5,000	
Subtotal Field Expenses	$	-  $	-	$	-	$	-	$	149,500	

1

Scenic Terrace South
Community Development District Proposed Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru		Proposed Budget	
Description		FY2022	4/30/22	5 Months	9/30/22		FY2023	

Amenity Expenses								

Playground Lease		
$0	
$0	
$0		
$0	
$25,000	
Subtotal Amenity Expenses		$0	$0	$0		$0	$25,000	
								
Total Operations & Maintenance	$	-	$	-	$	-	$	-		$	174,500	

Total Expenditures	$	133,610	$	55,580	$	53,993	$	109,573	$	317,551	
						
Excess Revenues/(Expenditures)	$	-	$	14,420	$	(14,420)	$	0	$	-	

2

Scenic Terrace South Community Development District General Fund Budget

Revenues:

Developer Contributions

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

3

Scenic Terrace South Community Development District General Fund Budget

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

4

Scenic Terrace South Community Development District General Fund Budget

Travel Per Diem
The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverages.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Lake Maintenance

Represents the estimated maintenance of the lake within the common areas of the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

5

Scenic Terrace South Community Development District General Fund Budget

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

6

Scenic Terrace South
Community Development District

Proposed Budget Debt Service Fund Series 2022

		Adopted	Actuals
Budget	Thru	Projected Next	Projected Thru	Proposed Budget	
	Description	FY2022	4/30/22	5 Months	9/30/22	FY2023	

Revenues							

Assessments	
$	-	$	-	$	-	$	-	$	499,816	
Interest Income	$	-	$	-	$	-	$	-	$	-	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	1,069,050	
Total Revenues	$	-	$	-	$	-	$	-	$	1,568,866	

Expenses		
Interest- 11/01	$	-	$	-	$	-	$	-	$	569,234	
Principal - 05/01	$	-	$	-	$	-	$	-	$	-	
Interest - 05/01	$	-	$	-	$	-	$	-	$	499,816	
Total Expenditures	$	-	$	-	$	-	$	-	$	1,069,050	

Other Financing Sources/(Uses)				
Bond Proceeds	$	-	$	2,437,547	$	-	$	2,437,547	$	-	
Total Other Financing Sources/(Uses)	$	-	$	2,437,547	$	-	$	2,437,547	$	-	
				
Excess Revenues/(Expenditures)	$	-	$	2,437,547	$	-	$	2,437,547	$	499,816	

*Carry forward less amount in Reserve funds.				
				Series 2022 Interest - 11/01/23	
$499,816	
Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family - 40'	264	$485,596	$1,839.38	$1,977.83		
Single Family - 50'	480	$882,901	$1,839.38	$1,977.82		
Total ERU's	744	$1,368,497				

7

Scenic Terrace South Community Development District Series 2022 Special Assessment Bonds Amortization Schedule

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/22	$	22,350,000.00	$	
05/01/23	$	22,350,000.00	$	
11/01/23	$	22,350,000.00	$	
05/01/24	$	22,350,000.00	$	375	
11/01/24	$	21,975,000.00	$	
05/01/25	$	21,975,000.00	$	390	
11/01/25	$	20,760,000.00	$	
05/01/26	$	20,760,000.00	$	405	
11/01/26	$	20,760,000.00	$	
05/01/27	$	20,760,000.00	$	420	
11/01/27	$	20,760,000.00	$	
05/01/28	$	20,760,000.00	$	435	
11/01/28	$	20,325,000.00	$	
05/01/29	$	20,325,000.00	$	455	
11/01/29	$	19,870,000.00	$	
05/01/30	$	19,870,000.00	$	475	
11/01/30	$	18,385,000.00	$	
05/01/31	$	18,385,000.00	$	495	
11/01/31	$	18,385,000.00	$	
05/01/32	$	18,385,000.00	$	515	
11/01/32	$	18,385,000.00	$	
05/01/33	$	18,385,000.00	$	535	
11/01/33	$	17,850,000.00	$	
05/01/34	$	17,850,000.00	$	560	
11/01/34	$	17,290,000.00	$	
05/01/35	$	17,290,000.00	$	585	
11/01/35	$	16,705,000.00	$	
05/01/36	$	16,705,000.00	$	615	
11/01/36	$	16,090,000.00	$	
05/01/37	$	16,090,000.00	$	640	
11/01/37	$	15,450,000.00	$	
05/01/38	$	15,450,000.00	$	670	
11/01/38	$	14,780,000.00	$	
05/01/39	$	14,780,000.00	$	700	
11/01/39	$	14,080,000.00	$	
05/01/40	$	14,080,000.00	$	735	
11/01/40	$	11,770,000.00	$	
05/01/41	$	11,770,000.00	$	770	
11/01/41	$	11,770,000.00	$	
05/01/42	$	11,770,000.00	$	805	
11/01/42	$	11,770,000.00	$	
05/01/43	$	11,770,000.00	$	840	
11/01/43	$	10,930,000.00	$	
05/01/44	$	10,930,000.00	$	880	
11/01/44	$	10,050,000.00	$	
05/01/45	$	10,050,000.00	$	920	
11/01/45	$	9,130,000.00	$	
05/01/46	$	9,130,000.00	$	965	
11/01/46	$	8,165,000.00	$	
05/01/47	$	8,165,000.00	$	1,010	
11/01/47	$	7,155,000.00	$	
05/01/48	$	7,155,000.00	$	1,060	
11/01/48	$	6,095,000.00	$	
05/01/49	$	6,095,000.00	$	1,110	
11/01/49	$	4,985,000.00	$	
05/01/50	$	4,985,000.00	$	1,160	
11/01/50	$	3,825,000.00	$	
05/01/51	$	3,825,000.00	$	1,215	
11/01/51	$	2,610,000.00	$	
05/01/52	$	2,610,000.00	$	1,275	
11/01/52	$	1,335,000.00	$	
05/01/53	$	1,335,000.00	$	1,335	

$	569,234.46	$	569,234.46	
$	499,815.63	$	-	
$	499,815.63	$	999,631.25	
$	499,815.63	$	-	
$	492,784.38	$	1,367,600.00	
$	492,784.38	$	-	
$	485,471.88	$	1,368,256.25	
$	485,471.88	$	-	
$	477,878.13	$	1,368,350.00	
$	477,878.13	$	-	
$	470,003.13	$	1,367,881.25	
$	470,003.13	$	-	
$	461,031.25	$	1,366,034.38	
$	461,031.25	$	-	
$	451,646.88	$	1,367,678.13	
$	451,646.88	$	-	
$	441,850.00	$	1,368,496.88	
$	441,850.00	$	-	
$	431,640.63	$	1,368,490.63	
$	431,640.63	$	-	
$	421,018.75	$	1,367,659.38	
$	421,018.75	$	-	
$	408,981.25	$	1,365,000.00	
$	408,981.25	$	-	
$	396,381.25	$	1,365,362.50	
$	396,381.25	$	-	
$	383,218.75	$	1,364,600.00	
$	383,218.75	$	-	
$	369,381.25	$	1,367,600.00	
$	369,381.25	$	-	
$	354,981.25	$	1,364,362.50	
$	354,981.25	$	-	
$	339,906.25	$	1,364,887.50	
$	339,906.25	$	-	
$	324,156.25	$	1,364,062.50	
$	324,156.25	$	-	
$	307,618.75	$	1,366,775.00	
$	307,618.75	$	-	
$	290,293.75	$	1,367,912.50	
$	290,293.75	$	-	
$	272,181.25	$	1,367,475.00	
$	272,181.25	$	-	
$	252,756.25	$	1,364,937.50	
$	252,756.25	$	-	
$	232,406.25	$	1,365,162.50	
$	232,406.25	$	-	
$	211,131.25	$	1,363,537.50	
$	211,131.25	$	-	
$	188,815.63	$	1,364,946.88	
$	188,815.63	$	-	
$	165,459.38	$	1,364,275.00	
$	165,459.38	$	-	
$	140,946.88	$	1,366,406.25	
$	140,946.88	$	-	
$	115,278.13	$	1,366,225.00	
$	115,278.13	$	-	
$	88,453.13	$	1,363,731.25	
$	88,453.13	$	-	
$	60,356.25	$	1,363,809.38	
$	60,356.25	$	-	
$	30,871.88	$	1,366,228.13	
$	30,871.88	$	1,365,871.88	

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-
,000.00

$	22,350,000.00  $	20,202,481.34  $	42,552,481.34

8

SECTION V

SECTION C

SECTION 1

Scenic Terrace South
Community Development District
Summary of Checks

April 01, 2022 through April 30, 2022

Bank	Date	Check No.'s	Amount

General Fund

4/20/22	30	$
4/29/22	31-36	$

1,481.03
2,486.20

$	3,967.23

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/11/22	PAGE	1
*** CHECK DATES 04/01/2022 - 04/30/2022 ***	CYPRESS RIDGE GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#

*	2,916.67		
*	100.00			
*	150.00			
*	.03			
*	.53			

4/21/22 00002	4/01/22 14	202204 310-51300-34000
MANAGEMENT FEES - APR 22 4/01/22 14	202204 310-51300-35200
WEBSITE MANAGEMENT-APR 22
4/01/22 14	202204 310-51300-35100
INFORMATION TECH - APR 22 4/01/22 14	202204 310-51300-51000
OFFICE SUPPLIES
4/01/22 14	202204 310-51300-42000
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES	3,167.23 000053
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/28/22 00006	4/14/22 BW041420 202204 310-51300-11000	*	200.00
SUPERVISOR FEES 04/14/22
BRIAN WALSH	200.00 000054
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/28/22 00005	4/14/22 GP041420 202204 310-51300-11000	*	200.00
SUPERVISOR FEES 04/14/22
GARRET PARKINSON	200.00 000055
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/28/22 00008	4/14/22 JS041420 202204 310-51300-11000	*	200.00
SUPERVISOR FEES 04/14/22
JEFFREY SHENEFIELD	200.00 000056
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4/28/22 00007	4/14/22 MA041420 202204 310-51300-11000	*	200.00
SUPERVISOR FEES 04/14/22
MILTON ANDRADE	200.00 000057
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	3,967.23
TOTAL FOR REGISTER	3,967.23

CRCD CYPRESS RIDGE	IARAUJO

SECTION 2

Scenic Terrace South
Community Development District

Unaudited Financial Reporting
April 30, 2022

Table of Contents

		Balance Sheet

		General Fund

		Debt Service Fund Series 2022

		Capital Projects Fund Series 2022

		Month to Month

Scenic Terrace South
Community Development District Combined Balance Sheet
April 30, 2022

General
Fund

Debt Service
Fund

Capital Projects
Fund

Totals
Governmental Funds

Assets:
Operating Account	
$	
14,420	
$	
-	
$	
-	
$	
14,420	
Investments:									
Series 2022 Reserve	
$	
-	$	1,368,497	$	-	
$	1,368,497	
Interest	$	-	$	1,069,050	$	-	$	1,069,050	
Construction	$	-	$	-	$	16,971,986	$	16,971,986	
Cost of Issuance	$	-	$	-	$	2,911	$	2,911	
Escrow	$	-	$	-	$	1,320,000	$	1,320,000	
Total Assets	$	14,420	$	2,437,547	$	18,294,897	$	20,746,865	
Liabilities:
Accounts Payable	
$	
-	
$	
-	
$	
-	
$	
-	
Total Liabilites	$	-	$	-	$	-	$	-	
Fund Balance: Restricted for: Debt Service	

$	

-	$	2,437,547	$	-	$	2,437,547	
Capital Projects	$	-	$	-	$	18,294,897	$	18,294,897	
Unassigned	$	14,420	$	-	$	-	$	14,420	
Total Fund Balances	$	14,420	$	2,437,547	$	18,294,897	$	20,746,865	
					
Total Liabilities & Fund Balance	$	14,420	$	2,437,547	$	18,294,897	$	20,746,865	

1

Scenic Terrace South
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 04/30/22	Thru 04/30/22	Variance	

Revenues:

Developer Contributions

$	133,610	$

70,000	$

70,000	$	-

Total Revenues	$	133,610	$	70,000	$	70,000	$	-

Expenditures:

General & Administrative:

Supervisor Fees Engineering Attorney Annual Audit
Assessment Administration Arbitrage
Dissemination Trustee Fees Management Fees
Information Technology Website Maintenance Telephone
Postage & Delivery Insurance
Printing & Binding Legal Advertising Contingency
Office Supplies Travel Per Diem
Dues, Licenses & Subscriptions

$	12,000	$
$	15,000	$
$	25,000	$
$	4,000	$
$	5,000	$
$	500	$
$	5,000	$
$	3,600	$
$	35,000	$
$	1,800	$
$	2,950	$
$	300	$
$	1,000	$
$	5,000	$
$	1,000	$
$	10,000	$
$	5,000	$
$	625	$
$	660	$
$	175	$

7,000	$
8,750	$
14,583	$
-	$
-	$
-	$
-	$
-	$
20,417	$
1,050	$
1,721	$
175	$
583	$
5,000	$
583	$
10,000	$
2,917	$
365	$
385	$
175	$

5,400	$
-	$
8,310	$
-	$
-	$
-	$
-	$
-	$
19,288	$
992	$
2,411	$
-	$
89	$
3,740	$
80	$
15,035	$
-	$
60	$
-	$
175	$

1,600
8,750
6,273
-
-
-
-
- 1,129
58
(691)
175
494
1,260
504
(5,035)
2,917
305
385
-

Total Expenditures	$	133,610	$	73,704	$	55,580	$	18,124

Excess (Deficiency) of Revenues over Expenditures	$	-	$	14,420

Fund Balance - Beginning	$	-	$	-

Fund Balance - Ending	$	-	$	14,420

2

Scenic Terrace South
Community Development District Debt Service Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 04/30/22	Thru 04/30/22	Variance	

Revenues:

Interest	

$	

-	$	

-	$	-	

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

Expenditures:					
Series 2022
Interest - 11/1	$
$	-
-	$	
-	$	-	
$	-	
Principal - 5/1	$	-	$	-	$	-	$	-	
Interest - 5/1	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-		

Other Financing Sources/(Uses):					
Bond Proceeds	$	-	$	-	$	2,437,547	$	2,437,547	
Total Other Financing Sources/(Uses)	$	-	$	-	$	2,437,547	$	2,437,547	
					
Net Change in Fund Balance	$	-	$	2,437,547		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	2,437,547		

3

Scenic Terrace South
Community Development District Capital Projects Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending April 30, 2022

Adopted	Prorated Budget	Actual	
Budget	Thru 04/30/22	Thru 04/30/22	Variance	

Revenues

Interest	

$	

-	$	

-	$	-	

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

Expenditures:					
Capital Outlay - Construction	$	-	$	-	$	948,142	$	(948,142)	
Capital Outlay - Cost of Issuance	$	-	$	-	$	669,414	$	(669,414)	
Total Expenditures	$	-	$	-	$	1,617,556	$	(1,617,556)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(1,617,556)		

Other Financing Sources/(Uses)					
Bond Proceeds	$	-	$	-	$	19,912,453	$	19,912,453	
Total Other Financing Sources (Uses)	$	-	$	-	$  19,912,453	$  19,912,453	
					
Net Change in Fund Balance	$	-	$  18,294,897		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	18,294,897		

4

Scenic Terrace South
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Developer Contributions	$	-	$	-	$	-	$	45,000	$	-	$	25,000	$	-	$	-	$	-	$	-	$	-	$	-	$	70,000	
Total Revenues	$	-	$	-	$	-	$	45,000	$	-	$	25,000	$	-	$	-	$	-	$	-	$	-	$	-	$	70,000	

Expenditures:									
General & Administrative:									
Supervisor Fees	$	1,200	$	800	$	1,000	$	-	$	1,000	$	600	$	800	$	-  $	-  $	-  $	-  $	-  $	5,400	
Engineer Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Attorney Fees	$	4,053	$	1,567	$	569	$	366	$	274	$	1,481	$	-	$	-  $	-  $	-  $	-  $	-  $	8,310	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Assessment Adminstration	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Management Fees	$	1,788	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	2,917	$	-  $	-  $	-  $	-  $	-  $	19,288	
Information Technology	$	92	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-  $	992	
Website Maintenance	$	61	$	100	$	1,850	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	2,411	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Postage & Delivery	$	-	$	29	$	23	$	-	$	-	$	37	$	1	$	-  $	-  $	-  $	-  $	-  $	89	
Insurance	$	-	$	-	$	-	$	3,740	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	3,740	
Printing & Binding	$	-	$	63	$	10	$	-	$	-	$	7	$	-	$	-  $	-  $	-  $	-  $	-  $	80	
Legal Advertising	$	5,618	$	8,013	$	-	$	297	$	302	$	805	$	-	$	-  $	-  $	-  $	-  $	-  $	15,035	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Office Supplies	$	-	$	5	$	3	$	46	$	-	$	3	$	3	$	-  $	-  $	-  $	-  $	-  $	60	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	175	
Total Expenditures	$	12,988	$	13,644	$	6,520	$	7,616	$	4,742	$	6,099	$	3,970	$	-  $	-  $	-  $	-  $	-  $	55,580	
									
Excess (Deficiency) of Revenues over Expenditures	$	(12,988)	$	(13,644)	$	(6,520)	$	37,384	$	(4,742)	$	18,901	$	(3,970)	$	-  $	-  $	-  $	-  $	-  $	14,420	

5

SECTION 3

SUPERVISOR OF
ELECTIONS
POLK COUNTY, FLORIDA
Lori Edwards

April 21, 2022

Samantha Hoxie - Recording Secretary Scenic Terrace South CDD Office
219 E. Livingston Street Orlando, Florida 32801-1508

oece,ven

n	u

APR 2 5 2022
BY:	_

RE: Scenic Terrace South Community Development District Registered Voters

Dear Ms. Hoxie,

In response to your request, there are currently no voters within the Scenic Terrace South Community Development District as of April 15, 2022.

Please do not hesitate to contact us if we can be of further assistance.

Sincerely,

Lori Edwards Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL 33831 PHONE: (863) 534-5888 Fax: (863) 845-2718
PolkElections.com

Para asistencia en Espanol, por favor de llamar al (863) 534-5888