Scenic Terrace South Community Development District

Meeting Agenda February 19, 2025

-. ·- -

Scenic Terrace South
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
February 12, 2025

Board of Supervisors Meeting
Scenic Terrace South Community Development District
Dear Board Members:

A Board of Supervisors meeting of the Scenic Terrace South Community Development District will be held on Wednesday, February 19, 2025 at 1:30 PM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.

Zoom Video Link: https://us06web.zoom.us/j/83326084124
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 833 2608 4124

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (Public Comments are limited to three (3) minutes per person)
Approval of Minutes of the November 20, 2024 Board of Supervisors Meeting
Consideration of 2025 Data Sharing and Usage Agreement with Polk County Property Appraiser
Consideration of 2025 Contract Agreement with Polk County Property Appraiser
Presentation of Arbitrage Rebate Report for Series 2023 Project Bonds from AMTEC
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Proposal for Aquatic Maintenance Services from Aquatic Weed Management
Consideration of Landscape Maintenance Services Proposals
Proposal to Add Plantings to Main Entrance Monument Area
Proposal to Replace Declining Landscaping Along Hughes Road
Proposal to Replace Declining Trees Along Highway 17 Easement
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

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, November 20, 2024, at 1:32 p.m. at Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Rennie Heath	Chairman
Lauren Schwenk	Vice Chairperson
Patricia Hudson	Assistant Secretary
Bobbie Henley	Appointed as Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Roy Van Wyk	District Counsel, Kilinski Van Wyk
Savannah Hancock	District Counsel, Kilinski Van Wyk
Rey Malave by Zoom	District Engineer, Dewberry
Joey Duncan by Zoom	District Engineer, Dewberry Joel Blanco by Zoom joined late	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 1:32 p.m. and called the roll. Three Supervisors were present, constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns noted there were no members of the public present and none joining via Zoom.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Supervisor Chuck Cavaretta
Ms. Burns stated there was a letter of resignation from Mr. Chuck Cavaretta. She asked for a motion to accept the resignation.

On MOTION by Mr. Heath, seconded by Ms. Hudson, with all in favor, the Resignation of Supervisor Chuck Cavaretta was approved.

November 20, 2024	Scenic Terrace South CDD

Consideration of Appointment to Board Seat #4
Ms. Burns asked for nominations for Board Seat #4. Ms. Bobbie Henley was nominated.

On MOTION by Ms. Schwenk, seconded by Ms. Hudson, with all in favor, Appointing Bobbie Henley to Board Seat #4 was approved.

Administration of Oath to Newly Appointed Supervisor
Ms. Burns swore in Ms. Henley.

Consideration of Resolution 2025-01 Appointing an Assistant Secretary
Ms. Burns stated that Ms. Henley had been appointed as Assistant Secretary.

On MOTION by Mr. Heath, seconded by Ms. Hudson, with all in favor, Resolution 2025-01 Appointing an Assistant Secretary, was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the July 17, 2024,
Board of Supervisors Meeting
Ms. Burns presented the minutes from the July 17, 2024, Board of Supervisors meeting. She asked for any questions, comments, or corrections. The Board had no changes to the minutes.

On MOTION by Ms. Hudson, seconded by Mr. Heath, with all in favor, the Minutes of the July 17, 2024, Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-02
Authorizing the Publication of Legal Advertisements and Public Notices on a Publicly Accessible Website in Polk County
Ms. Burns stated they were utilizing the newspaper as required in Florida stature for most of their legal notice. She noted there had been a change in the law that said if a county had a website, utilizing to post their public notices, they could piggyback off that website and use the county website to publish meeting notices. Ms. Burns added some assessment notices or budget

November 20, 2024	Scenic Terrace South CDD

notices would have to go to the newspaper, which would direct the public to the new Polk County website, and they can utilize that.

On MOTION by Ms. Henley, seconded by Mr. Heath, with all in favor, Resolution 2025-02 Authorizing the Publication of Legal Advertisements and Public Notices on a Publicly Accessible Website in Polk County, was approved.

SIXTH ORDER OF BUSINESS	Ratification of Amendment to Landscape
&	Irrigation	Maintenance	Services Agreement with Prince & Sons
Ms. Burns noted this ratification was executed outside before the meeting.

On MOTION by Mr. Heath, seconded by Ms. Henley, with all in favor, the Amendment to Landscape & Irrigation Maintenance Services Agreement with Prince & Sons, was ratified.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hancock stated that there was nothing to report. She could answer any questions.

Engineer
Ratification of Work Authorization 2025-1 for District Engineering Services from Dewberry
Mr. Malave stated that there was nothing to report. He noted that he had ratified their work authorization for the new fiscal year and could answer any questions.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, Work Authorization 2025-1 for District Engineering Services from Dewberry, was ratified.

Field Manager’s Report
Ms. Burns stated that Mr. Blanco was not present and that he was at the grand opening of Lake Deer Amenity. She added they like a field manager there in case of any issues. Ms. Burns noted that she would go over Mr. Blanco’s report. She stated in the report that the staff was on site before the hurricane. They said they would secure all the furniture and prepare everything for the

November 20, 2024	Scenic Terrace South CDD

storm. The furniture was stacked in the restroom building. She added that the report revealed significant fencing and structural damage. There will be an insurance claim for lost or damaged items.
*Mr. Blanco joined the meeting via Zoom at this time.
Mr. Blanco stated they did conduct pre- and post-hurricane reviews of the site. He noted reports of significant fence damage throughout the District on Scenic Highway, which is Phase One and Phase Two, Hughes Road. Phase One, White Clay Pit Rd. On Phase for Detour Road on Phase One and along Hughes Rd. There are some minor sections on Phase One on Starlight’s home side. They collected and organized a lot of that material. He added that they were collecting an estimate to repair the significant damage along those roads and coordinated with their maintenance staff to restore minor damage in that phase. In the Phase Two section, the shade structure was completely damaged. Mr. Blanco stated they should be receiving estimates. They are collecting pricing on the cable replacements.
Mr. Blanco noted they conducted an overall review of the District, landscaping, and pawn review. The landscaping and the dry ponds remain in satisfactory condition. He said a proposal is to add the front fence track on Phase One and Phase Three along Scenic Highway to the existing agreement with Prince & Sons. Mr. Blanco wanted to know if the Board would like to review it before proceeding with the Field Managers' Report. He then said they would finish the report and present a proposal.
Mr. Blanco added several trees were damaged or leaning. He said the landscaping vendor had been there to stake the trees. He added that the amenity had successfully opened. The pool had been free and clear of any debris. The janitorial staff had cleaned, which included the dog park waste bins. Two of the bins were found damaged but were replaced. Mr. Blanco noted that it could be weeks or months. The storm deductible is a minimum of $10,000.00 per named storm. He added that their crew working on getting everything replaced gets billed at an hourly rate. Man hours are a part of the repair cost that would be submitted. Mr. Blanco mentioned the shade structures, the fencing, and the playground. He spoke typically, and the crews could easily do playground shade structures.

Consideration of Proposal to Add Front Fence Landscaping for Phase 1 & Phase 3 to Current Landscaping Contract

November 20, 2024	Scenic Terrace South CDD

Mr. Blanco presented the proposal to add the front fence line in Phase One and Phase Three to the agenda. He stated that the trees had been planted and the mulch along the fencing had been installed. Mr. Blanco noted he’d be happy to answer any questions.
Ms. Burns noted that this contract would be $24,432.00. She stated that Prince & Sons had been on this job for at least a year and that they don’t get many landscaping complaints from residents. She added that they have done a good job across Polk County. A Board member asked if this contract amount was within the budget, and Mr. Blanco indicated it was.

On MOTION by Mr. Heath, seconded by Ms. Schwenk, with all in favor, the Proposal to Add Front Fence Landscaping for Phase 1 & Phase 3 to Current Landscaping Contract, was approved.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register in the agenda package for the Board to review.

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

Balance Sheet & Income Statement
Ms. Burns stated that financial packets are included in the agenda package for review. The Board does not need to take any action.

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

NINTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

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

November 20, 2024	Scenic Terrace South CDD

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

POLK COUNTY PROPERTY APPRAISER
2025 Data Sharing and Usage Agreement

Revised 01/2025
ADA Compliant

This Data Sharing and Usage Agreement, hereinafter referred to as “Agreement,” establishes the terms and conditions

under which the Scenic Terrace South Community Development District

hereinafter

referred to as “agency,” can acquire and use Polk County Property Appraiser data that is exempt from Public Records disclosure as defined in FS 119.071.

In accordance with the terms and conditions of this Agreement, the agency agrees to protect confidential data in accordance with FS 282.3185 and FS 501.171 and adhere to the standards set forth within these statutes.

For the purposes of this Agreement, all data is provided. It is the responsibility of the agency to apply all statutory guidelines relative to confidentiality and personal identifying information.
The confidentiality of personal identifying information including: names, mailing address and OR Book and Pages pertaining to parcels owned by individuals that have received exempt / confidential status, hereinafter referred to as “confidential data,” will be protected as follows:
The agency will not release confidential data that may reveal identifying information of individuals exempted from Public Records disclosure.
The agency will not present the confidential data in the results of data analysis (including maps) in any manner that would reveal personal identifying information of individuals exempted from Public Records disclosure.
The agency shall comply with all state laws and regulations governing the confidentiality and exempt status of personal identifying and location information that is the subject of this Agreement.
The agency shall ensure any employee granted access to confidential data is subject to the terms and conditions of this Agreement.
The agency shall ensure any third party granted access to confidential data is subject to the terms and conditions of this Agreement. Acceptance of these terms must be provided in writing to the agency by the third party before personal identifying information is released.
The agency agrees to comply with all regulations for the security of confidential personal information as defined in FS 501.171.
The agency, when defined as “local government” by FS 282.3185, is required to adhere to all cybersecurity guidelines when in possession of data provided or obtained from the Polk County Property Appraiser.

The term of this Agreement shall commence on January 1, 2025, and shall run until December 31, 2025, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew. A new agreement will be provided annually to ensure all responsible parties are aware of and maintain the terms and conditions of this Data Sharing and Usage Agreement.
In witness of their agreement to the terms above, the parties or their authorized agents hereby affix their signatures.

POLK COUNTY PROPERTY APPRAISER

Agency:

Scenic Terrace South Community Developmen

Signature: 	

Signature: 	

Print:

Neil Combee	

Print:		

Title:

Polk County Property Appraiser	

Title:

Chairman

Date:

January 7, 2025	

Date:		

Please email the signed agreement to pataxroll@polk-county.net.

Section V

CONTRACT AGREEMENT
This Agreement made and entered into on Monday, January 13, 2025 by and between the Scenic Terrace South Community Development District, a local unit of special purpose government of the State of Florida hereinafter referred to as the 'Special District', and Neil Combee, Polk County Property Appraiser, a Constitutional Officer of the State of Florida, whose address is 255 North Wilson Ave., Bartow, FL 33830, hereinafter referred to as the 'Property Appraiser'.
Section 197.3632 Florida Statutes, provides that special assessments of non-ad valorem taxes levied by the Special District may be included in the assessment rolls of the County and collected in conjunction with ad valorem taxes as assessed by the Property Appraiser. Pursuant to that option, the Property Appraiser and the Special District shall enter into an agreement providing for reimbursement to the Property Appraiser of administrative costs, including costs of inception and maintenance, incurred as a result of such inclusion.
The parties herein agree that, for the 2025 tax year assessment roll, the Property Appraiser will include on the assessment rolls such special assessments as are certified to her by the Scenic Terrace South Community Development District.
The term of this Agreement shall commence on January 1, 2025 or the date signed below, whichever is later, and shall run until December 31, 2025, the date of signature by the parties notwithstanding. This Agreement shall not automatically renew.
The Special District shall meet all relevant requirements of Section 197.3632 & 190.021 Florida Statutes.
The Special District shall furnish the Property Appraiser with up-to-date data concerning its boundaries and proposed assessments, and other information as requested by the Property Appraiser to facilitate in administering the non-ad valorem assessment in question. Specifically, if assessments will be included on the 2025 TRIM Notice, the Special District shall provide proposed assessments no later than Friday, July 11, 2025. The Special District’s assessments shall, as far as practicable, be uniform (e.g. one uniform assessment for maintenance, etc.) to facilitate the making of the assessments by the mass data techniques utilized by the Property Appraiser.
The Special District shall certify to the Property Appraiser the Special District’s annual installment and levy no later than Monday, September 15, 2025. The Property Appraiser shall, using the information provided by the Special District, place the Special District’s non ad-valorem special assessments on properties within the district for inclusion on the 2025 tax roll.
The Property Appraiser shall be compensated by the Special District for the administrative costs incurred in carrying out this Agreement at the rate of 1% of the amount levied on the TRIM Notice or if the TRIM Notice is not used, the rate shall be 1% of the amount levied on the 2025 tax roll. For the TRIM Notice, the Property Appraiser will require payment on or before Monday, September 15, 2025 for processing within the Property Appraiser budget year (October 1st – September 30th).
If the actual costs of performing the services under this agreement exceed the compensation provided for in Paragraph 7, the amount of compensation shall be the actual costs of performing the services under this agreement.
If tax roll corrections are requested by the Special District, the Property Appraiser shall be compensated by the Special District for the administrative costs incurred at the rate of $5.00 for each tax roll correction exceeding ten (10) corrections per tax
year.
The Special District shall indemnify and hold harmless, to the extent permitted by Florida law and without waiving its right of any applicable sovereign immunity, the Property Appraiser and all respective officers, employees, agents and instrumentalities from any and all liability, losses or damages, including attorneys' fees and costs of defense, which the Property Appraiser and all respective officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to or resulting from the negligent or intentional acts or omissions of the Special District or its employees, agents, servants, partners, principals, or subcontractors arising out of, relating to, or resulting from the performance of the Agreement. The Special District shall pay all claims and losses in connection therewith and shall investigate and defend all claims, suits or actions of any kind or nature in the name of the Property Appraiser where applicable, including appellate proceedings, and shall pay all costs, judgments, and attorneys' fees which may issue thereon.

EXECUTED By:

Special District Representative

Neil Combee
Polk County Property Appraiser By:

Print name

Title	Date

Neil Combee, Property Appraiser

Section VI

REBATE REPORT
$2,195,000
Scenic Terrace South Community Development District
(Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)

Dated: October 20, 2023
Delivered: October 20, 2023

Rebate Report to the Computation Date October 20, 2026
Reflecting Activity To December 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 – Acquisition & Construction Fund	13	
Arbitrage Rebate Calculation Detail Report – Debt Service Reserve Fund	14	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credit	15	

February 14, 2025

Scenic Terrace South 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:	$2,195,000 Scenic Terrace South Community Development District (Town of Lake Hamilton,
Florida), Special Assessment Bonds, Series 2023 (Series 2023 Project)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Scenic Terrace South 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 October 31, 2025. 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 October 20, 2026 Computation Date
Reflecting Activity from October 20, 2023 through December 31, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Fund	4.960036%	19,162.93	(7,767.10)	
Debt Service Reserve Fund	4.892138%	7,384.07	(3,069.86)	
Totals	4.941185%	$26,547.00	$(10,836.96)	
Bond Yield	6.656750%		
Rebate Computation Credit	(2,359.66)	
Net Rebatable Arbitrage	$(13,196.62)	

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 October 20, 2023, the date of the closing, to December 31, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of October 20, 2026.

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 October 20, 2023 and December 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.

In accordance with Page C-1 of the Arbitrage and Tax Certificate, Exhibit C (Arbitrage Rebate Covenants) the first (initial) Computation Date must be within 60 days of the end of the third Bond Year. After the first required payment date (Computation Date) the District must consistently treat either the last day of each Bond Year or the last day of each fifth Bond Year as the (subsequent) Computation Date(s). Therefore, for purposes of the arbitrage calculation, the first Computation Date is October 20, 2026.

DEFINITIONS

Computation Date
October 20, 2026.

Computation Period
The period beginning on October 20, 2023, the date of the closing, and ending on December 31, 2024.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

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.

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 December 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 October 20, 2026. 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 October 20, 2026, is the Rebatable Arbitrage.

$2,195,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)
Delivered: October 20, 2023

Sources of Funds

Par Amount	$2,195,000.00	
Net Original Issue Discount	-4,261.05	
Total	$2,190,738.95	

Uses of Funds

Acquisition & Construction Fund	$1,799,913.95	
Debt Service Reserve Fund	172,950.00	
Costs of Issuance Account	173,975.00	
Underwriter’s Discount	43,900.00	
Total	$2,190,738.95	

Prepared by AMTEC	(Finance 8.901)

PROOF OF ARBITRAGE YIELD
$2,195,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)

Date	

Debt Service	Present Value to 10/20/2023
@ 6.6567500605%	
05/01/2024	76,453.06	73,842.48	
11/01/2024	92,050.00	86,043.01	
05/01/2025	71,475.00	64,658.61	
11/01/2025	101,475.00	88,840.64	
05/01/2026	70,612.50	59,829.40	
11/01/2026	100,612.50	82,502.17	
05/01/2027	69,750.00	55,352.60	
11/01/2027	99,750.00	76,610.29	
05/01/2028	68,887.50	51,202.96	
11/01/2028	103,887.50	74,730.57	
05/01/2029	67,881.25	47,256.90	
11/01/2029	102,881.25	69,315.77	
05/01/2030	66,875.00	43,605.37	
11/01/2030	101,875.00	64,287.16	
05/01/2031	65,868.75	40,226.89	
11/01/2031	105,868.75	62,572.75	
05/01/2032	64,568.75	36,933.48	
11/01/2032	104,568.75	57,886.88	
05/01/2033	63,268.75	33,895.96	
11/01/2033	108,268.75	56,136.09	
05/01/2034	61,806.25	31,013.57	
11/01/2034	106,806.25	51,867.64	
05/01/2035	60,343.75	28,360.41	
11/01/2035	110,343.75	50,188.98	
05/01/2036	58,718.75	25,847.46	
11/01/2036	113,718.75	48,445.51	
05/01/2037	56,931.25	23,472.13	
11/01/2037	111,931.25	44,661.53	
05/01/2038	55,143.75	21,294.08	
11/01/2038	115,143.75	43,031.19	
05/01/2039	53,193.75	19,239.07	
11/01/2039	118,193.75	41,371.22	
05/01/2040	51,081.25	17,303.97	
11/01/2040	121,081.25	39,695.52	
05/01/2041	48,806.25	15,485.33	
11/01/2041	123,806.25	38,016.14	
05/01/2042	46,368.75	13,779.43	
11/01/2042	126,368.75	36,343.43	
05/01/2043	43,768.75	12,182.34	
11/01/2043	128,768.75	34,686.26	
05/01/2044	41,006.25	10,689.99	
11/01/2044	131,006.25	33,052.16	
05/01/2045	37,968.75	9,270.74	
11/01/2045	132,968.75	31,420.87	
05/01/2046	34,762.50	7,949.87	
11/01/2046	134,762.50	29,826.24	
05/01/2047	31,387.50	6,723.05	
11/01/2047	141,387.50	29,309.02	
05/01/2048	27,675.00	5,552.11	
11/01/2048	142,675.00	27,701.22	
05/01/2049	23,793.75	4,470.89	
11/01/2049	148,793.75	27,058.05	
05/01/2050	19,575.00	3,445.04	
11/01/2050	149,575.00	25,476.02	
05/01/2051	15,187.50	2,503.45	
11/01/2051	155,187.50	24,756.55	

Prepared by AMTEC	(Finance 8.901)

PROOF OF ARBITRAGE YIELD
$2,195,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)

Date	

Debt Service	Present Value to 10/20/2023
@ 6.6567500605%	
05/01/2052	10,462.50	1,615.29	
11/01/2052	160,462.50	23,975.51	
05/01/2053	5,400.00	780.85	
11/01/2053	165,400.00	23,146.78	
	5,128,640.56	2,190,738.95	
	
Proceeds Summary		

Delivery date	10/20/2023	
Par Value	2,195,000.00	
Premium (Discount)	-4,261.05	
Target for yield calculation	2,190,738.95	

Prepared by AMTEC	(Finance 8.901)

BOND DEBT SERVICE
$2,195,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
10/20/2023						
05/01/2024			76,453.06	76,453.06		
11/01/2024	20,000	5.750%	72,050.00	92,050.00	168,503.06	
05/01/2025			71,475.00	71,475.00		
11/01/2025	30,000	5.750%	71,475.00	101,475.00	172,950.00	
05/01/2026			70,612.50	70,612.50		
11/01/2026	30,000	5.750%	70,612.50	100,612.50	171,225.00	
05/01/2027			69,750.00	69,750.00		
11/01/2027	30,000	5.750%	69,750.00	99,750.00	169,500.00	
05/01/2028			68,887.50	68,887.50		
11/01/2028	35,000	5.750%	68,887.50	103,887.50	172,775.00	
05/01/2029			67,881.25	67,881.25		
11/01/2029	35,000	5.750%	67,881.25	102,881.25	170,762.50	
05/01/2030			66,875.00	66,875.00		
11/01/2030	35,000	5.750%	66,875.00	101,875.00	168,750.00	
05/01/2031			65,868.75	65,868.75		
11/01/2031	40,000	6.500%	65,868.75	105,868.75	171,737.50	
05/01/2032			64,568.75	64,568.75		
11/01/2032	40,000	6.500%	64,568.75	104,568.75	169,137.50	
05/01/2033			63,268.75	63,268.75		
11/01/2033	45,000	6.500%	63,268.75	108,268.75	171,537.50	
05/01/2034			61,806.25	61,806.25		
11/01/2034	45,000	6.500%	61,806.25	106,806.25	168,612.50	
05/01/2035			60,343.75	60,343.75		
11/01/2035	50,000	6.500%	60,343.75	110,343.75	170,687.50	
05/01/2036			58,718.75	58,718.75		
11/01/2036	55,000	6.500%	58,718.75	113,718.75	172,437.50	
05/01/2037			56,931.25	56,931.25		
11/01/2037	55,000	6.500%	56,931.25	111,931.25	168,862.50	
05/01/2038			55,143.75	55,143.75		
11/01/2038	60,000	6.500%	55,143.75	115,143.75	170,287.50	
05/01/2039			53,193.75	53,193.75		
11/01/2039	65,000	6.500%	53,193.75	118,193.75	171,387.50	
05/01/2040			51,081.25	51,081.25		
11/01/2040	70,000	6.500%	51,081.25	121,081.25	172,162.50	
05/01/2041			48,806.25	48,806.25		
11/01/2041	75,000	6.500%	48,806.25	123,806.25	172,612.50	
05/01/2042			46,368.75	46,368.75		
11/01/2042	80,000	6.500%	46,368.75	126,368.75	172,737.50	
05/01/2043			43,768.75	43,768.75		
11/01/2043	85,000	6.500%	43,768.75	128,768.75	172,537.50	
05/01/2044			41,006.25	41,006.25		
11/01/2044	90,000	6.750%	41,006.25	131,006.25	172,012.50	
05/01/2045			37,968.75	37,968.75		
11/01/2045	95,000	6.750%	37,968.75	132,968.75	170,937.50	
05/01/2046			34,762.50	34,762.50		
11/01/2046	100,000	6.750%	34,762.50	134,762.50	169,525.00	
05/01/2047			31,387.50	31,387.50		
11/01/2047	110,000	6.750%	31,387.50	141,387.50	172,775.00	
05/01/2048			27,675.00	27,675.00		
11/01/2048	115,000	6.750%	27,675.00	142,675.00	170,350.00	
05/01/2049			23,793.75	23,793.75		
11/01/2049	125,000	6.750%	23,793.75	148,793.75	172,587.50	
05/01/2050			19,575.00	19,575.00		
11/01/2050	130,000	6.750%	19,575.00	149,575.00	169,150.00	
05/01/2051			15,187.50	15,187.50		
11/01/2051	140,000	6.750%	15,187.50	155,187.50	170,375.00	

Prepared by AMTEC	(Finance 8.901)

BOND DEBT SERVICE
$2,195,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
05/01/2052			10,462.50	10,462.50		
11/01/2052	150,000	6.750%	10,462.50	160,462.50	170,925.00	
05/01/2053			5,400.00	5,400.00		
11/01/2053	160,000	6.750%	5,400.00	165,400.00	170,800.00	
	2,195,000		2,933,640.56	5,128,640.56	5,128,640.56	

$2,195,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)
Acquisition & Construction Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(6.656750%)

10/20/23	Beg	Bal	-1,799,913.95	-2,190,631.56	
10/24/23			408,239.07	496,496.48	
11/14/23			235.00	284.77	
11/14/23			2,642.00	3,201.51	
12/05/23			198,000.00	239,016.50	
12/05/23			85,500.00	103,211.67	
12/19/23			3,112.00	3,747.11	
12/19/23			1,919.79	2,311.59	
12/21/23			100,961.48	121,521.87	
12/21/23			-100,961.48	-121,521.87	
12/22/23			100,961.48	121,499.77	
01/09/24			525.00	629.85	
01/18/24			679.50	813.87	
01/18/24			15,238.87	18,252.34	
01/30/24			426.00	509.13	
01/30/24			135,984.00	162,519.56	
02/01/24			187.50	224.05	
02/01/24			182,924.70	218,580.38	
02/01/24			63,776.00	76,207.22	
02/14/24			38,772.50	46,220.61	
02/14/24			42,750.00	50,962.18	
02/14/24			255,546.99	304,636.98	
03/05/24			734.36	872.09	
03/05/24			42,750.00	50,767.88	
03/05/24			18,804.08	22,330.84	
03/08/24			175,678.32	208,513.45	
03/12/24			42,750.00	50,703.28	
03/12/24			501.00	594.21	
05/14/24			-86,475.00	-101,412.76	
06/25/24			86,913.72	101,169.94	
10/20/26	TOTALS:	19,162.93	-7,767.10	

ISSUE DATE:	10/20/23	
REBATABLE ARBITRAGE:	
-7,767.10	
COMP DATE:	10/20/26	NET INCOME:	19,162.93	
BOND YIELD: 6.656750%	TAX INV YIELD:	4.960036%	

$2,195,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)
Debt Service Reserve Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(6.656750%)

10/20/23	Beg	Bal	-172,950.00	-210,493.25	
11/02/23			282.21	342.72	
12/04/23			705.90	852.29	
12/22/23			0.17	0.20	
01/03/24			729.20	875.78	
02/02/24			725.69	866.98	
03/04/24			676.04	802.98	
04/02/24			721.15	852.21	
05/02/24			696.38	818.46	
05/14/24			0.01	0.01	
05/14/24			86,475.00	101,412.76	
06/04/24			510.76	596.81	
07/02/24			348.27	404.88	
08/02/24			359.36	415.50	
09/04/24			357.89	411.40	
10/02/24			334.62	382.69	
11/04/24			326.43	371.16	
12/03/24			304.81	344.76	
12/31/24	Bal		86,475.00	97,328.30	
12/31/24	Acc		305.18	343.48	
10/20/26	TOTALS:	7,384.07	-3,069.86	

ISSUE DATE:	10/20/23	
REBATABLE ARBITRAGE:	
-3,069.86	
COMP DATE:	10/20/26	NET INCOME:	7,384.07	
BOND YIELD: 6.656750%	TAX INV YIELD:	4.892138%	

$2,195,000
Scenic Terrace South Community Development District (Town of Lake Hamilton, Florida)
Special Assessment Bonds, Series 2023 (Series 2023 Project)
Rebate Computation Credit

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(6.656750%)	
10/20/24		-2,070.00	-2,359.66	
10/20/26	TOTALS:	-2,070.00	-2,359.66	

ISSUE DATE:	10/20/23	REBATABLE ARBITRAGE: -2,359.66 COMP DATE:	10/20/26
BOND YIELD: 6.656750%

Section VII

Section C

Scenic Terrace - South CDD
Field Management Report

February 19th, 2025 Joel Blanco
Field Manager GMS

1

Scenic Terrace – South CDD Field Management Report | GMS 2025

In Progress

Fence Repairs Throughout District

Fence Repairs started in Jan. with
(9) sections throughout the district identified and organized for repairs to gauge progress.
Repair map has (9) sections overall, (A#1: West of Highway 17, A#2: East of Highway 17, A#3: Along Hughes Rd., A#4: White Clay Pit Rd. (Phase 4), A#5: Detour Rd., A#6: Detour Rd./White Clay Pit Rd., A#7: Highway 17 (Phase 3), A#8: Hughes Rd. (Phase 2 – North), and A#9: Hughes Rd. (Phase 2 – South.)
Fence Repair has been completed A#1 and halfway completed for A#2. Prior to the start of fence repairs, further fencing throughout the community was reorganized with hanging material disassembled and added to the organized pile.
Material being held in the amenity parking lot, was sorted with unusable material discarded.
Salvageable materials were reorganized and sectioned until the completion of repairs.
Amenity parking lot was cleaned after the completion of material sorting.
Loose builder signs, post-Milton, were gathered and being held behind the main entrance sign on Hughes Rd. Maintenance staff has been scheduled for removal of post- Milton posts along Highway 17.

2

Scenic Terrace – South CDD Field Management Report | GMS 2025

Site Review
a

Landscaping Review

GMS staff has continued to review the entire district— landscaping and pond reviews. Several trees and plants in the landscaping beds on both the perimeter easement bordering Highway 17 and landscaping beds along Hughes Rd. (Phase 1) were found declining and in need of replacement. Attached are (2) proposals to replace declining plants in each area.
Vendor was notified to detail landscaping beds along repaired areas bordering Highway 17.
Main entrance sign currently has a bare space for a detailed landscaping bed. Attached is a proposal to add a landscaping bed consisting of red dwarf ixora, verigated arboricola, oyster plants, and an ornamental tree along with adjusting the irrigation.
Further landscaping throughout the district remain in satisfactory conditions—neat and tidy.
Maintenance staff was used to remove loose trash throughout the district.

3

Scenic Terrace – South CDD Field Management Report | GMS 2025

Site Review

Pond Review

GMS staff conducted pond reviews throughout the district. Field Staff noted a few sections in need of sod—mostly on miter end section and areas around the dry pond outlets.
It was also noted that vegetation inside the dry ponds is starting to appear. Attached is a proposal for aquatics treatment throughout the district.
Maintenance staff removed loose trash and construction debris at several ponds throughout the district. Several outlets with sediment and minor vegetation were noted and scheduled for removal.

4

Scenic Terrace – South CDD Field Management Report | GMS 2025

Field Staff conducted an amenity review of the entire district.
Pool remains maintained up to satisfactory standards –consistently clean.
Pool shade structures, that were damaged during Milton have scheduled for repairs.
Playground area has had a cement walkway created from the playground entrance to the main road on Hughes. It should be noted, that the sides of the walkway are uneven and present a potential tripping hazard.
Playground shade fabric was ordered with arrival date for mid-March with installation to follow.

Site Review

Conveyance Review

Amenity Review

Field Staff performed a conveyance for Phase 4. It should be noted that sod is needed on south border of the dry pond next to the resident home. There is also missing sidewalk towards the end of the phase.

5

Scenic Terrace – South CDD Field Management Report | GMS 2025

6

Conclusion

For any questions or comments regarding the above information, please contact me by phone at 786-238-9473, or by email at jblanco@gmscfl.com. Thank you.

Respectfully, Joel Blanco

Scenic Terrace – South CDD Field Management Report | GMS 2025

Section 1

ESTIMATE
Aquatic Weed Management, Inc.
PO Box 1259

Bill to
Scenic Terrace South 219 E Livingston St Orlando, FL 32801

Estimate details
Estimate no.: 1506 Estimate date: 10/03/2024

Haines City, FL 33845

#	Date	Product or service	Description	Qty	Rate	Amount	
1.		Scope of Work	Monthly pond maintenance on 8 dry ponds, totaling approximatley 25 acres, controlling all vegetation to the mow line.
Priced as $/treatment.	12	$1,650.00	$19,800.00	

Note to customer
Thank you for your business!

WATERWEED1@AOL.COM
+1 (863) 412-1919

Total	$19,800.00

Accepted date	Accepted by

Section 2

SECTION (a)

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: January 22, 2025			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
135 W. Central Blvd Orlando, FL 32801 Joel Blanco
Phone: 786-238-9473
Email: Jblanco@gmscfl.com		Scenic Terrace
Haines City, FL 33844	
PROPOSAL TO INSTALL PLANTS AROUND ENTRSANCE SIGN AND PILLAR	
	Qty	Unit	Unit Cost	TOTAL	
Verigated Arboricola	35	3g	$20.00	$	700.00	
Dwarf Ixora (Red)	35	3g	$20.00	$	700.00	
Oyster	75	1g	$10.00	$	750.00	
Elaeocarpus (Blue Berry Tree)	1	30g	$357.50	$	357.50	
Irrigation Adjustment	1	Ea	$125.00	$	125.00	
			TOTAL	$2,507.50	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous	
agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible	
for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money	
owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Brian Bubendorf	Accepted by:	
Date Submitted: January 22, 2025	Date Accepted: 		

SECTION (b)

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: January 23, 2025			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
135 W. Central Blvd Orlando, FL 32801 Joel Blanco
Phone: 786-238-9473
Email: Jblanco@gmscfl.com		Scenic Terrace
Haines City, FL 33844

Main and Side Boulevard	
PROPOSAL TO REMOVE AND REPLACE DEAD OR MISSING PLANTS	
	Qty	Unit	Unit Cost	TOTAL	
Walters Vibernum	75	3g	$20.00	$	1,500.00	
Dwarf Fire Bush	65	3g	$20.00	$	1,300.00	
Irrigation Adjustment	1	Ea	$125.00	$	125.00	
			TOTAL	$2,925.00	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous	
agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible	
for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money	
owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Brian Bubendorf	Accepted by:	
Date Submitted: January 23, 2025	Date Accepted: 		

SECTION (c)

200 S. F. Street	
Haines City, Florida 33844	
Phone 863-422-5207 | Fax 863-422-1816

Date: January 22, 2025			Polk County License # 214815	
SUBMITTED TO:		Job Name / Location:	
GMS Services
135 W. Central Blvd Orlando, FL 32801 Joel Blanco
Phone: 786-238-9473
Email: Jblanco@gmscfl.com		Scenic Terrace
Haines City, FL 33844	
PROPOSAL TO REMOVE AND REPLACE DEAD TREES	
	Qty	Unit	Unit Cost	TOTAL	
Live Oak	10	15g	$178.50	$	1,785.00	
Crepe Myrtle	8	15g	$178.50	$	1,428.00	
Cypress Tree	6	15g	$178.50	$	1,071.00	
Walters Vibernum	40	3g	$20.00	$	800.00	
Irrigation Adjustment	1	Ea	$125.00	$	125.00	
			TOTAL	$5,409.00	

The customer agrees, that by signing this proposal, it shall become a legal and binding contract and shall supersede any previous	
agreements, discussed or implied. The customer further agrees to all terms and conditions set forth within and shall be responsible	
for any/all court and/or attorney fees incurred by Prince and Sons, Inc.required to obtain collection for any portion of money	
owed for material and/or work performed by Prince and Sons Inc.
Submitted by: Brian Bubendorf	Accepted by:	
Date Submitted: January 22, 2025	Date Accepted: 		

Section D

Section 1

Scenic Terrace South
Community Development District
Summary of Checks

June 1, 2024 to November 12, 2024

Bank	Date	Check No.'s		Amount	

General Fund	

10/14/24	

294-296	

$	

3,730.42	
	10/23/24	297-304	$	24,018.47	
	11/22/24	305-310	$	10,966.81	
			$	38,715.70	
Construction Fund	
10/3/24	
87	
$	
771.00	
	10/31/24	88	$	25,311.23	
	11/7/24	91-92	$	3,027.50	
	11/18/24	93-94	$	1,640.49	
	12/6/24	96-97	$	19,685.00	
			$	50,435.22	
			$	89,150.92	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/12/25	PAGE	1
*** CHECK DATES 10/01/2024 - 12/31/2024 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/14/24 00037	9/30/24 00067016 202409 310-51300-48000	*	368.83
NOT OF BOS MTG-9/25/24
GANNETT MEDIA CORP DBA GANNETT	368.83 000294
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/14/24 00043 10/02/24 10022024 202410 300-15500-10000	*	3,131.59
PLAYGROUND LEASE-NOV
HEIDI BONNETT DBA	3,131.59 000295
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/14/24 00015	9/30/24 5355 BEL 202409 320-53800-43300	*	200.00
DEPOSIT FEE
9/30/24 5355 BEL 202409 320-53800-43300	*	30.00
ADMIN FEE
TOWN OF LAKE HAMILTON	230.00 000296
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00046	9/26/24 13284	202409 330-57200-48200	*	550.00
MNTHLY CLEANING-SEP24
9/26/24 13284	202409 330-57200-48200	*	250.00
MNTHLY TRASH SERVICE-SEP
CSS CLEAN STAR SERVICES OF	800.00 000297
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00004 10/01/24 91485	202410 310-51300-54000	*	175.00

OF ECONOMIC OPPORTUNITY
- - - - - - - - - - - -	-	-	- -
*	-	-	-	-	-	- - - - -
3,000.00	
TECHNOLOGY SERVICES, LLC
- - - - - - - - - - - - -	
-	
- -	
-	
-	
-	
-	
-	
- - - - -	
		*						1,156.32	

SPECIAL DISTRICT FEE FY25

DEPARTMENT
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00049 10/09/24 1282	202410 310-51300-31300
LICENSE FEE FOR FY24/25

175.00 000298
- - - - - - - -

DISCLOSURE

10/23/24 00003	8/31/24	
	8/31/24	
	10/01/24	
	10/01/24	
	10/01/24	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
67	202408 320-53800-49000

	*	1,152.82	
	*	3,541.67	
	*	105.00	
	*	157.50	

GEN MAINT-RPR SIGNS
68	202408 320-53800-48000
GEN MAINTENANCE & REPAIR
70	202410 310-51300-34000
MANAGMENT FEES-OCT24
70	202410 310-51300-35200
WEBSITE MANAGEMENT-OCT24
70	202410 310-51300-35100
INFORMATION TECH-OCT24
10/01/24 70	202410 310-51300-31300	*	525.00
DISSEMINATION SVCS-OCT24
10/01/24 70	202410 330-57200-48300	*	1,041.67
AMENITY ACCESS MGMT-OCT24
10/01/24 70	202410 310-51300-51000	*	1.71
OFFICE SUPPLIES
10/01/24 70	202410 310-51300-42000	*	523.14
POSTAGE

3,000.00 000299
- - - - - - - -

STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/12/25	PAGE	2
*** CHECK DATES 10/01/2024 - 12/31/2024 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/01/24 71	202410 320-53800-34000	*	1,250.00
FIELD MANAGEMENT-OCT24
GOVERNMENTAL MANAGEMENT SERVICES-CF	9,454.83 000300
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00002 10/17/24 10629	202409 310-51300-31500	*	813.50
ATTORNEY SVCS-SEP24
KILINSKI VAN WYK PLLC	813.50 000301
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00048	9/20/24 63145850 202409 330-57200-48100	*	100.00
PEST CONTROL-SEP24
10/15/24 63145851 202410 330-57200-48100	*	100.00
PEST CONTROL-OCT24
MASSEY SERVICES INC.	200.00 000302
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00040	9/23/24 14732	202409 320-53800-47300	*	162.64
RPR SPRAYS/NOZZLES
10/01/24 14678	202410 320-53800-46200	*	6,912.50
LANDSCAPE MAINT-OCT24
PRINCE & SONS, INC.	7,075.14 000303
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/23/24 00045 10/01/24 24609	202410 330-57200-48500	*	2,500.00
POOL MAINTENANCE-OCT24
MCDONNELL CORPORATION DBA	2,500.00 000304
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/22/24 00013 11/20/24 22428239 202410 310-51300-31100	*	640.00
ENGINEER SERVICES-OCT24
DEWBERRY ENGINEERS INC.	640.00 000305
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/22/24 00031 10/17/24 5	202410 310-51300-49000	*	100.00

SERVICES LLC		
- - - - - - -	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	

AMORT SERIES 2022 11-1-24

DISCLOSURE
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/22/24 00003 11/01/24 74	202411 310-51300-34000	*	3,541.67
MANAGMENT FEES-NOV24
11/01/24 74	202411 310-51300-35200	*	105.00
WEBSITE MANAGEMENT-NOV24
11/01/24 74	202411 310-51300-35100	*	157.50
INFORMATION TECH-NOV24
11/01/24 74	202411 310-51300-31300	*	525.00
DISSEMINATION SVCS-NOV24
11/01/24 74	202411 330-57200-48300	*	1,041.67
AMENITY ACCESS MGMT-NOV24
11/01/24 74	202411 310-51300-51000	*	.63
OFFICE SUPPLIES
11/01/24 74	202411 310-51300-42000	*	39.75
POSTAGE

100.00 000306
- - - - - - - -

STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/12/25	PAGE	3
*** CHECK DATES 10/01/2024 - 12/31/2024 ***	SCENIC TERRACE SOUTH-GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

	11/01/24 75	202411 320-53800-34000		*						1,250.00		
	FIELD MANAGEMENT-NOV24
GOVERNMENTAL MANAGEMENT SERVICES-CF									6,661.22	000307	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
11/22/24 00043	11/05/24 11052024 202411 300-15500-10000		*						3,131.59			
	PLAYGROUND LEASE-DEC											
	HEIDI BONNETT DBA									3,131.59	000308	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
11/22/24 00002	11/17/24 10697	202410 310-51300-31500		*						234.00			
	ATTORNEY SVCS-OCT24											
	KILINSKI VAN WYK PLLC									234.00	000309	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
11/22/24 00045	10/03/24 24806	202410 330-57200-48500		*						200.00			
	HURRICANE HELENE CLEAN UP											
	MCDONNELL CORPORATION DBA									200.00	000310	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
TOTAL FOR BANK A	38,715.70
TOTAL FOR REGISTER	38,715.70

STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/12/25	PAGE	1
*** CHECK DATES 10/01/2024 - 12/31/2024 ***	SCENIC TERRACE SOUTH-CAP S22
BANK A STS CONSTRUCTION
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/03/24 00008	7/31/24 022259	202410 600-20700-10100	*	771.00
032 FR#11
ABSOLUTE ENGINEERING INC.	771.00 000087
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/31/24 00019	9/30/24 2400B-19 202409 600-53800-60000	*	28.31
031 FR#57
HENKELMAN CONSTRUCTION, INC.	28.31 000088
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/03/24 00019	9/30/24 2400B-19 202409 600-53800-60000	V	28.31-
031 FR#57
HENKELMAN CONSTRUCTION, INC.	28.31-000088
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/31/24 00014 10/01/24 3-489050 202409 600-53800-60000	*	20,000.00
031 FR#57
RAYSOR TRANSPORTATION CONSULTING	20,000.00 000089
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10/31/24 00006	9/17/24 11404	202409 600-53800-60000	*	5,282.92
031 FR#56
STEWART & ASSOCIATES PROPERTY SVCS	5,282.92 000090
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/07/24 00009	9/27/24 22422421 202408 600-53800-60000	*	287.50
031 FR#58
DEWBERRY ENGINEERS INC.	287.50 000091
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/07/24 00006	9/17/24 11403	202410 600-20700-10100	*	2,740.00
032 FR#12

- - - - - - - - - - - - - - - - - - - -

STEWART & ASSOCIATES PROPERTY SVCS	2,740.00 000092

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	- - - - - 1,177.50	
DEWBERRY
- - - - - - - - - - -	ENGINEERS INC.
- - - - - - - - - -	
- - -	
-	
-	
- -	
-	
-	
-	
-	
-	
- - - - -	

- - - - - - - -

11/18/24 00009 10/28/24 22425908 202409 600-53800-60000	*
031 FR#60

600-53800-60000	*	160.83	
600-53800-60000	*	141.33	
600-53800-60000	*	160.83	

- - - - - - - - - - - - - - - - - - - -
11/18/24 00001 10/17/24 10630	202409
031 FR#59
10/17/24 10631	202409
031 FR#59
10/17/24 10632	202409

KILINSKI	VAN WYK PLLC		
- - - - - - - - - - -	- - - - - - - -	-	-	-	-	-	-	-	- -		-	-	-	-	-	-	- - - -		
		*								28.31		

031 FR#59
- - - - - - - - - - - - - - - - - - - -
12/03/24 00019	9/30/24 2400B-19 202409 600-53800-60000
031 FR#57

1,177.50 000093
- - - - - - - -

462.99 000094
- - - - - - - -

HENKELMAN CONSTRUCTION, INC.	28.31 000095
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/03/24 00005 11/08/24 11082024 202411 600-20700-10100	*	19,685.00
RETURN OF FR#48
ATLANTIC TNG LLC	19,685.00 000096
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STS	SCENIC TERRACE IARAUJO

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/12/25	PAGE	2
*** CHECK DATES 10/01/2024 - 12/31/2024 ***	SCENIC TERRACE SOUTH-CAP S22

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME	STATUS		AMOUNT	....CHECK..... AMOUNT	#	
12/06/24 00005	11/08/24 11082024 202411 600-20700-10100
ATLANTIC TNG LLC		V		19,685.00-	
19,685.00-000096	
- - - - - - - - 12/06/24 00024	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/08/24 11082024 202411 600-20700-10100
ATLANTIC BLUE COMM	- - - - -

II	- - - - - - -
*	- - - -	- - - - - -	- - - - - - - -

19,685.00 000097	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -	- - - - - - -	- - - -	- - - - - -	- - - - - - - -	
		TOTAL FOR	BANK A		50,435.22		
		TOTAL FOR	REGISTER		50,435.22		

BANK A STS CONSTRUCTION

RETURN OF FR#48

RETURN OF FR#48

19,685.00

STS	SCENIC TERRACE IARAUJO

Section 2

Scenic Terrace South
Community Development District

Unaudited Financial Reporting
December 31, 2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2022	

5	
	Debt Service Fund Series 2023	

6	
	Capital Projects Fund Series 2022	

7	
	Capital Projects Fund Series 2023	

8-9	
	Month to Month	

10	
	Assessment Receipt Schedule	

11	
	Long Term Debt Schedule	

Scenic Terrace South
Community Development District Combined Balance Sheet December 31, 2024

	General Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds	
Assets:
Operating Account	

$	1,996,139	

$	

-	$	664	

$	1,996,803	
Due from Other	$	50	$	-	$	-	$	50	
Due from General Fund	$	-	$	961,036	$	-	$	961,036	
Prepaid Expenses
Investments:	$	-	$	-	$	-	$	-	
Series 2022 Reserve	
$	
-	$	538,330	
$	
-	$	538,330	
Revenue	$	-	$	217,065	$	-	$	217,065	
Prepayment	$	-	$	516		$	516	
Construction	$	-	$	-	$	28,411	$	28,411	
Reserve	$	-	$	86,475	$	-	$	86,475	
Revenue	$	-	$	15,529	$	-	$	15,529	
Total Assets	$	1,996,189	$	1,818,951	$	29,075	$	3,844,216	
Liabilities:
Accounts Payable	

$	87,820	

$	-	$	-	$	87,820	
Due to Debt Service	$	961,036	$	-	$	-	$	961,036	
Retainage Payable	$	-	$	-	$	158,747	$	158,747	
Due to Other	$	-	$	-	$	50	$	50	
Total Liabilites	$	1,048,856	$	-	$	158,797	$	1,207,653	
Fund Balance: Restricted for: Debt Service	

$	

-	$	1,818,951	$	-	

$	1,818,951	
Capital Projects	$	-	$	-	$	(129,722)	$	(129,722)	
Unassigned	$	947,333	$	-	$	-	$	947,333	
Total Fund Balances	$	947,333	$	1,818,951	$	(129,722)	$	2,636,563	
					
Total Liabilities & Fund Balance	$	1,996,189	$	1,818,951	$	29,075	$	3,844,216	

Series 2023

Scenic Terrace South
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/24	Thru 12/31/24		Variance	

Revenues:						
Assessments - Tax Roll	$	691,023	$	527,903	$	527,903	$	-	
Contribution from Scenic Terrace North	$	58,325	$	-	$	-	$	-	
Total Revenues	$	749,348	$	527,903	$527,903	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	3,000	$	800	$	2,200	
Engineering	$	15,000	$	3,750	$	3,090	$	660	
Attorney	$	25,000	$	6,250	$	1,495	$	4,755	
Annual Audit	$	3,400	$	-	$	-	$	-	
Assessment Administration	$	5,250	$	5,250	$	5,250	$	-	
Arbitrage	$	900	$	-	$	-	$	-	
Dissemination	$	6,300	$	1,575	$	4,575	$	(3,000)	
Trustee Fees	$	8,081	$	4,256	$	4,256	$	-	
Management Fees	$	42,500	$	10,625	$	10,625	$	(0)	
Information Technology	$	1,890	$	473	$	473	$	-	
Website Maintenance	$	1,260	$	315	$	315	$	-	
Postage & Delivery	$	1,000	$	250	$	640	$	(390)	
Insurance	$	5,720	$	5,720	$	5,564	$	156	
Copies	$	1,000	$	250	$	-	$	250	
Legal Advertising	$	3,500	$	875	$	-	$	875	
Contingency	$	3,500	$	875	$	221	$	654	
Office Supplies	$	250	$	63	$	5	$	57	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	136,726	$	43,701	$	37,485	$	6,216	

Scenic Terrace South
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/24	Thru 12/31/24	Variance	

Operations & Maintenance					
Field Expenditures
Property Insurance	

$	15,302	

$	15,302	

$	10,034	

$	5,268	
Field Management	$	15,000	$	3,750	$	3,750	$	-	
Landscape Maintenance	$	125,000	$	31,250	$	34,063	$	(2,813)	
Landscape Replacement	$	17,500	$	4,375	$	3,000	$	1,375	
Streetlights	$	45,000	$	11,250	$	-	$	11,250	
Electric	$	15,000	$	3,750	$	26,154	$	(22,404)	
Sidewalk & Asphalt Maintenance	$	2,500	$	625	$	-	$	625	
Irrigation Repairs	$	7,500	$	1,875	$	289	$	1,586	
General Repairs & Maintenance	$	12,500	$	3,125	$	731	$	2,394	
Contingency	$	10,000	$	2,500	$	1,680	$	820	
Subtotal Field Expenditures	$	265,302	$	77,802	$	79,700	$	(1,898)	

Amenity Expenditures
Amenity - Electric	

$	15,000	

$	3,750	

$	3,995	

$	(245)	
Amenity - Water	$	7,500	$	1,875	$	-	$	1,875	
Playground Lease	$	72,600	$	18,150	$	9,395	$	8,755	
Internet	$	3,000	$	750	$	-	$	750	
Pest Control	$	720	$	180	$	300	$	(120)	
Janitorial Service	$	15,000	$	3,750	$	1,430	$	2,320	
Security Services	$	33,000	$	8,250	$	-	$	8,250	
Pool Maintenance	$	18,000	$	4,500	$	5,200	$	(700)	
Amenity Repairs & Maintenance	$	10,000	$	2,500	$	-	$	2,500	
Amenity Access Management	$	12,500	$	3,125	$	3,125	$	(0)	
Contingency	$	10,000	$	2,500	$	3,308	$	(808)	
Subtotal Amenity Expenditures	$	197,320	$	49,330	$	26,753	$	22,577	
					
Total Operations & Maintenance	$	462,622	$	127,132	$	106,453	$	20,679	
					
Total Expenditures	$	599,348	$	170,833	$	143,937	$	26,896	
					
Excess (Deficiency) of Revenues over Expenditures	$	150,000		$	383,965		

Other Financing Sources/(Uses):					

Capital Reserves

$	150,000	$

-	$	-	$	-

Total Other Financing Sources/(Uses)	$	150,000	$	-	$	-	$	-	
						
Net Change in Fund Balance	$	-		$	383,965			
						
Fund Balance - Beginning	$	-		$	563,368			
						
Fund Balance - Ending	$	-		$	947,333			

Scenic Terrace South
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/24	Thru 12/31/24	Variance		

Revenues:

Interest Income	

$	-	

$	-	

$	-	$		

-	
Total Revenues	$	-	$	-	$	-	$		-	

Expenditures:

Capital Outlay	

$	1,000	

$	-	

$	-	$		

-	
Total Expenditures	$	1,000	$	-	$	-	$		-	
						
Excess (Deficiency) of Revenues over Expenditures	$	(1,000)		$	-			

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	150,000	

$	-	

$	-	$		

-	
Total Other Financing Sources/(Uses)	$	150,000	$	-	$	-	$		-	
						
Net Change in Fund Balance	$	149,000		$	-			
						
Fund Balance - Beginning	$	-		$	-			
						
Fund Balance - Ending	$	149,000		$	-			

Scenic Terrace South
Community Development District Debt Service Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/24	Thru 12/31/24	Variance	

Revenues:					
Assessments - Tax Roll	$	1,078,703	$	824,141	$	824,141	$	-	
Interest	$	20,000	$	5,000	$	11,358	$	6,358	
Total Revenues	$	1,098,703	$	829,141	$	835,499	$	6,358	

Expenditures:					
Series 2022
Interest - 11/1	

$	387,200	

$	387,200	

$	387,200	

$	-	
Special Call - 11/1	$	-	$	-	$	5,000	$	(5,000)	
Principal - 5/1	$	305,000	$	-	$	-	$	-	
Interest - 5/1	$	387,200	$	-	$	-	$	-	
Total Expenditures	$	1,079,400	$	387,200	$	392,200	$	(5,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	19,303		$	443,299		
					
Fund Balance - Beginning	$	706,421		$	1,141,523		
					
Fund Balance - Ending	$	725,724		$	1,584,821		

Scenic Terrace South
Community Development District Debt Service Fund Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 12/31/24	Thru 12/31/24	Variance	

Revenues:					
Assessments - On Roll	$	172,953	$	132,126	$	132,126	$	-	
Interest	$	2,000	$	500	$	1,830	$	1,330	
Total Revenues	$	174,953	$	132,626	$	133,956	$	1,330	

Expenditures:					
Series 2023
Interest - 11/1	

$	72,050	

$	72,050	

$	72,050	

$	-	
Principal - 11/1	$	20,000	$	20,000	$	20,000	$	-	
Interest - 5/1	$	71,475	$	-	$	-	$	-	
Total Expenditures	$	163,525	$	92,050	$	92,050	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	11,428		$	41,906		
					
Fund Balance - Beginning	$	182,331		$	192,224		
					
Fund Balance - Ending	$	193,759		$	234,130		

Scenic Terrace South
Community Development District Capital Projects Fund Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 12/31/24	Thru 12/31/24	Variance	

Revenues		
Interest	$	-	$	-	$	1,217	$	1,217	
Total Revenues	$	-	$	-	$	1,217	$	1,217	

Expenditures:					
Capital Outlay - Construction	$	-	$	-	$	43,058	$	(43,058)	
Contingency	$	-	$	-	$	105	$	(105)	
Total Expenditures	$	-	$	-	$	43,163	$	(43,163)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(41,946)		
					
Fund Balance - Beginning	$	-	$	(87,775)		
					
Fund Balance - Ending	$	-	$	(129,722)		

Scenic Terrace South
Community Development District Capital Projects Fund Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending December 31, 2024

Adopted	Prorated Budget	Actual	
Budget	Thru 12/31/24	Thru 12/31/24	Variance	

Revenues

Interest	

$	

-	$	

-	$	

-	$	

-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:						
Capital Outlay - Construction	$	-	$	-	$	-	$	-	
Capital Outlay - Cost of Issuance	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-		
						
Fund Balance - Beginning	$	-	$	-		
						
Fund Balance - Ending	$	-	$	-		

Scenic Terrace South
Community Development District Month to Month

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

Revenues:

Assessments - Tax Roll

$	-	$

1,852  $

526,051  $

-	$	-	$	-	$

-	$	-	$	-	$

-	$	-	$

-	$	527,903

Contribution from Scenic Terrace North	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Total Revenues	$	-	$	1,852  $	526,051  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	527,903	

Expenditures:		
General & Administrative:		
Supervisor Fees	$	-	$	800	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	800	
Engineer Fees	$	640	$	2,450	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,090	
Attorney Fees	$	234	$	1,261	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,495	
Annual Audit	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Adminstration	$	5,250	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,250	
Arbitrage	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	3,525	$	525	$	525	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,575	
Trustee Fees	$	-	$	4,256	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,256	
Management Fees	$	3,542	$	3,542	$	3,542	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	10,625	
Information Technology	$	158	$	158	$	158	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	473	
Website Maintenance	$	105	$	105	$	105	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	315	
Postage & Delivery	$	523	$	40	$	77	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	640	
Insurance	$	5,564	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,564	
Copies	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contingency	$	140	$	41	$	40	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	221	
Office Supplies	$	2	$	1	$	3	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	19,858	$	13,178	$	4,450	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	37,485	

Scenic Terrace South
Community Development District Month to Month

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

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Lake Maintenance Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency

$	10,034  $
$	1,250  $
$	20,238  $
$	-  $
$	-  $
$	-  $
$	942  $
$	-  $
$	-  $
$	178  $
$	-  $
$	800  $

-  $
1,250  $
6,913  $
-  $
-  $
-  $
877  $
-  $
-  $
-  $
731  $
880  $

-  $	-  $
1,250  $	-  $
6,913  $	-  $
3,000  $	-  $
-  $	-  $
-  $	-  $
24,335  $	-  $
-  $	-  $
-  $	-  $
110  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	10,034
-  $	3,750
-  $	34,063
-  $	3,000
-  $	-
-  $	-
-  $	26,154
-  $	-
-  $	-
-  $	289
-  $	731
-  $	1,680

Subtotal Field Expenditures	$	33,442  $	10,650  $	35,608  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	79,700

Amenity Expenditures Amenity - Electric Amenity - Water Playground Lease Internet
Pest Control Janitorial Service Security Services Pool Maintenance
Amenity Repairs & Maintenance Amenity Access Management Contingency

$	1,382  $
$	-  $
$	3,132  $
$	-  $
$	100  $
$	-  $
$	-  $
$	2,700  $
$	-  $
$	1,042  $
$	-  $

1,343  $
-  $
3,132  $
-  $
100  $
720  $
-  $
2,500  $
-  $
1,042  $
-  $

1,270  $	-  $
-  $	-  $
3,132  $	-  $
-  $	-  $
100  $	-  $
710  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
1,042  $	-  $
3,308  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	3,995
-  $	-
-  $	9,395
-  $	-
-  $	300
-  $	1,430
-  $	-
-  $	5,200
-  $	-
-  $	3,125
-  $	3,308

Net Change in Fund Balance	$	(61,655)  $	(30,812)  $	476,431  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	383,965

Excess (Deficiency) of Revenues over Expenditures	$	(61,655)  $	(30,812)  $	476,431  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	383,965

Total Expenditures	$	61,655  $	32,663  $	49,619  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	143,937

Total Operations & Maintenance	$	41,797  $	19,486  $	45,170  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	106,453

Subtotal Amenity Expenditures	$	8,355  $	8,836  $	9,562  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	26,753

Scenic Terrace South
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessments $

743,037.06

$ 1,160,000.16

$ 185,970.51

$ 2,089,007.73

Net Assessments

$  691,024.47

$ 1,078,800.15

$ 172,952.57

$ 1,942,777.19

35.57%	55.53%	8.90%	100.00%

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Property Appraiser	
Net Receipts	
General Fund	2022 Debt Service	2023 Debt Service	
Total	

11/13/24	
10/21/24	
$422.51	
($22.18)	
($8.01)	
$0.00	
$0.00	
$392.32	
$139.54	
$217.85	
$34.93	
$392.32	
11/13/24	10/21/24	$238.86	($12.54)	($4.53)	$0.00	$0.00	$221.79	$78.89	$123.16	$19.74	$221.79	
11/15/24	10/01/24-10/31/24	$1,559.14	($62.36)	($29.94)	$0.00	$0.00	$1,466.84	$521.74	$814.52	$130.58	$1,466.84	
11/15/24	10/01/24-10/31/24	$881.42	($35.26)	($16.92)	$0.00	$0.00	$829.24	$294.95	$460.47	$73.82	$829.24	
11/19/24	11/01/24-11/07/24	$1,559.14	($62.36)	($29.94)	$0.00	$0.00	$1,466.84	$521.74	$814.52	$130.58	$1,466.84	
11/19/24	11/01/24-11/07/24	$881.42	($35.26)	($16.92)	$0.00	$0.00	$829.24	$294.95	$460.47	$73.82	$829.24	
12/06/24	11/16/24-11/26/24	$424,161.97	($16,966.58)	($8,143.91)	$0.00	$0.00	$399,051.48	$141,938.22	$221,588.35	$35,524.91	$399,051.48	
12/06/24	11/16/24-11/26/24	$222,999.26	($8,920.78)	($4,281.57)	$0.00	$0.00	$209,796.91	$74,622.45	$116,497.63	$18,676.83	$209,796.91	
12/20/24	11/27/24-11/30/24	$167,469.80	($6,699.40)	($3,215.41)	$0.00	$0.00	$157,554.99	$56,040.57	$87,488.34	$14,026.08	$157,554.99	
12/20/24	11/27/24-11/30/24	$297,514.00	($11,900.00)	($5,712.28)	$0.00	$0.00	$279,901.72	$99,557.97	$155,425.96	$24,917.79	$279,901.72	
12/27/24	12/01/24-12/15/24	$165,706.96	($6,373.10)	($3,186.68)	$0.00	$0.00	$156,147.18	$55,539.83	$86,706.60	$13,900.75	$156,147.18	
12/27/24	12/01/24-12/15/24	$293,437.67	($11,284.35)	($5,643.07)	$0.00	$0.00	$276,510.25	$98,351.66	$153,542.72	$24,615.87	$276,510.25	
	TOTAL	$	1,576,832.15	$	(62,374.17)	$	(30,289.18)	$	-	$	-	$ 1,484,168.80	$  527,902.51	$  824,140.59	$ 132,125.70	$ 1,484,168.80	

76% Net Percent Collected
$  458,608.39 Balance Remaining to Collect

SCENIC TERRACE SOUTH
Community Development District Long Term Debt Report

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	3.750%, 4.125%, 4.500%, 4.625z%	
MATURITY DATE:	5/1/2053	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$538,330	
RESERVE FUND BALANCE	$538,330	
BONDS OUTSTANDING - 04/06/22	$22,350,000	
LESS: SPECIAL CALL - 08/1/23	($1,265,000)	
LESS: SPECIAL CALL - 11/1/23	($2,785,000)	
LESS: SPECIAL CALL - 02/1/24	($20,000)	
LESS: Principal Payment - 05/01/24	($305,000)	
LESS: SPECIAL CALL - 08/1/24	($710,000)	
LESS: SPECIAL CALL - 11/1/24	($5,000)	
CURRENT BONDS OUTSTANDING	$17,260,000	

SERIES 2023, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATE:	5.750%, 6.550%, 6.750%	
MATURITY DATE:	11/1/2053	
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$86,475	
RESERVE FUND BALANCE	$86,475	
BONDS OUTSTANDING - 10/20/23	$2,195,000	
LESS: Principal Payment - 11/01/24	($20,000)	
CURRENT BONDS OUTSTANDING	$2,175,000