Scenic Terrace South Community Development District

Meeting Agenda April 23, 2026

-.  ·-�-

Scenic Terrace South
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
April 16, 2026

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 Thursday, April 23, 2026 at 9:30 AM at the Offices of PRIME Community Management, 375 Avenue A SE, Winter Haven, FL 33880.

Zoom Video Link: https://us06web.zoom.us/j/81548181462
Zoom Call-In Number: 1-646-876-9923
Meeting ID: 815 4818 1462

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 each)
Approval of Minutes of the March 26, 2026 Board of Supervisors Meeting
Consideration of Resolution 2026-10 Approving the Proposed Fiscal Year 2026/2027 Budget and Setting the Public Hearing on the Adoption of the Fiscal Year 2026/2027 Budget (Suggested Date: July 23, 2026)
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of Proposal for Pump Controller Replacement on Peony Place
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Presentation of Number of Registered Voters—526
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 on Thursday, March 26, 2026, at 9:43 a.m. at the Offices of PRIME Community Management, 375 Avenue A SE, Winter Haven, Florida.

Present and constituting a quorum:

Lindsey Roden	Vice Chairperson
Bobbie Shockley	Assistant Secretary
Rennie Heath	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Meredith Hammock by Zoom	District Counsel, Kilinski Van Wyk Rey Malave by Zoom	District Engineer, Dewberry
Joey Duncan by Zoom	District Engineer, Dewberry
Joel Blanco	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 9:43 a.m. and called the roll. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated for the record that there were no members of the public present for comment and the next item followed.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the February
26, 2026 Board of Supervisors Meeting
Ms. Burns presented the minutes from the February 26, 2026 Board of Supervisors meeting and asked for any comments, corrections, or questions. The Board had no changes to the minutes.

On MOTION by Ms. Shockley, seconded by Ms. Spencer, with all in favor, the Minutes of the February 26, 2026, Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Consideration of Proposals from Current
Demands
Ms. Burns discussed a proposal regarding overnight security monitoring for an amenity. Currently, Tech World LLC provides this service at $3,000 per year but has been unresponsive and only accepts credit card payments, which complicates matters as the CDD does not have a credit card. The new proposal from Current Demands offers to replace and install a remote monitoring system at a one-time integration cost of $1,168, with ongoing monitoring at $1,200 per year, half the price of the current contract. The new vendor is reportedly much more responsive and easier to work with. The Board would need to terminate the existing agreement with Tech World to proceed with the new provider. Ms. Burns asked for a motion to terminate the existing agreement.

On MOTION by Mr. Heath, seconded by Ms. Shockley, with all in favor, Terminating the Existing Agreement, was approved.

Proposal to Replace/Install New Remote Monitoring System at Amenity
Proposal for Monthly Costs for Remote Monitoring Services
Ms. Burns asked for a single motion to approve both the proposal for the installation of a new remote monitoring system and the associated monthly service costs, which amount to $100 per month or $1,200 annually.

On MOTION by Ms. Spencer, seconded by Ms. Shockley, with all in favor, the Proposals from Current Demands, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hammock stated she had nothing to report.

Engineer
Mr. Arrington stated he had nothing to report.

Field Manager’s Report
Mr. Blanco stated the installation of no parking signs throughout the District was completed in March, along with other miscellaneous tasks. The pool motor replacement project began after the previous motor was found to be failing, operating at only 70%. A proposal was brought forward to replace the motor, and although a resident requested a better system, no superior alternatives were identified. The replacement was approved, and a local motor was sourced to avoid a month-long facility closure, resulting in an additional $1,500 cost. The motor is scheduled for installation early next week and residents have been notified by email.

Consideration of Proposal to Replace Landscaping Affected by Cold Snap
(to be provided under separate cover)
Mr. Blanco brought a proposal to replace plants damaged by a cold front, with options discussed to focus on high-traffic areas and potentially spread costs across fiscal years. Ms. Burns asked for a motion to approve total expenditure of $19,800 for all plant replacements at once.

On MOTION by Mr. Heath, seconded by Ms. Shockley, with all in favor, the Proposal to Replace Landscaping Affected by Cold Snap NTE $19,800, was approved.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register from January 1st through January 31st and offered to answer any questions. There being no questions, she asked for a motion of approval.

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

Balance Sheet & Income Statement
Ms. Burns stated the financial statements were included in the package for review. These are for informational purposes. No action is required.

SIXTH ORDER OF BUSINESS	Other Business
Ms. Burns stated they will present their preliminary budget at the April meeting.

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

EIGHTH ORDER OF BUSINESS	Adjournment
Ms. Burns asked for a motion to adjourn the meeting.

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2026-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SCENIC TERRACE SOUTH COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2027 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, prior to June 15, 2026, prepared and submitted to the Board of Supervisors (“Board”) of the Scenic Terrace South Community Development District (“District”) proposed budgets (“Proposed Budget”) for the Fiscal Year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2027”); 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 2027 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:	Thursday, July 23, 2026
HOUR:	9:30 a.m.
LOCATION:	Offices of PRIME Community Management
375 Avenue A SE Winter Haven, FL 33880

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to the Town of Lake Hamilton and Polk County, Florida at least sixty (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 (2) days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least forty-five (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 23RD DAY OF APRIL 2026.

ATTEST:	SCENIC TERRACE SOUTH
COMMUNITY DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Exhibit A:	Proposed Budget for Fiscal Year 2027

Exhibit A
Proposed Budget for Fiscal Year 2027

Scenic Terrace South
Community Development District

Proposed Budget
FY2027

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Capital Reserve Fund	

9	

Debt Service Fund - Series 2022	

10	

Amortization Schedule - Series 2022	

11	

Debt Service Fund - Series 2023	

12	

Amortization Schedule - Series 2023	

	Adopted
Budget		Actuals
Thru		Projected
Next		Projected
Thru		Proposed
Budget	
Description		FY2026		2/28/26		7 Months		9/30/26		FY2026	

Revenues											

Assessments - Tax Roll	
$	
691,023	
$	
644,718	
$	
46,305	
$	
691,023	
$	
691,023	
Contribution from Scenic Terrace North	$	38,563	$	-	$	40,508	$	40,508	$	54,384	
Interest	$	-	$	6,084	$	8,517	$	14,601	$	-	
Total Revenues	$	729,586	$	650,802	$	95,330	$	746,132	$	745,407	

Expenditures											
General & Administrative											
Supervisor Fees	$	12,000	$	1,200	$	7,000	$	8,200	$	12,000	
FICA Expense	$	918	$	92	$	536	$	627	$	918	
Engineering	$	15,000	$	1,875	$	7,986	$	9,861	$	15,000	
Attorney	$	25,000	$	4,438	$	6,213	$	10,651	$	25,000	
Annual Audit	$	3,600	$	-	$	3,600	$	3,600	$	3,800	
Assessment Administration	$	5,408	$	5,408	$	-	$	5,408	$	5,678	
Arbitrage	$	900	$	450	$	450	$	900	$	900	
Dissemination	$	6,489	$	2,704	$	3,785	$	6,489	$	6,813	
Disclosure Software	$	3,000	$	3,000	$	-	$	3,000	$	3,000	
Trustee Fees	$	8,869	$	4,256	$	4,613	$	8,869	$	8,869	
Management Fees	$	43,775	$	18,240	$	25,535	$	43,775	$	45,964	
Information Technology	$	2,003	$	835	$	1,169	$	2,003	$	2,104	
Website Maintenance	$	1,298	$	541	$	757	$	1,298	$	1,363	
Postage & Delivery	$	2,700	$	656	$	918	$	1,574	$	2,700	
Insurance	$	7,610	$	5,898	$	-	$	5,898	$	6,487	
Copies	$	1,000	$	-	$	125	$	125	$	1,000	
Legal Advertising	$	2,500	$	2,381	$	1,078	$	3,458	$	2,500	
Contingencies	$	2,500	$	123	$	172	$	295	$	2,500	
Office Supplies	$	250	$	11	$	125	$	136	$	250	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative	$	144,994	$	52,281	$	64,062	$	116,343	$	147,021	

Operations & Maintenance											
Field Services											
Property Insurance - Field	$	5,207	$	5,207	$	771	$	5,978	$	4,832	
Field Management	$	15,450	$	6,438	$	9,013	$	15,450	$	16,223	
Landscape Maintenance	$	144,253	$	50,488	$	70,683	$	121,170	$	144,253	
Landscape Replacement	$	17,500	$	16,500	$	-	$	16,500	$	35,000	
Streetlights	$	49,500	$	14,148	$	19,807	$	33,956	$	40,000	
Electric	$	17,696	$	743	$	5,267	$	6,010	$	10,000	
Water & Sewer	$	46,904	$	2,314	$	3,239	$	5,553	$	30,000	
Irrigation Repairs	$	10,000	$	2,548	$	1,925	$	4,473	$	25,000	
General Repairs & Maintenance	$	12,500	$	2,145	$	3,003	$	5,148	$	12,500	
Holiday Lighting	$	10,000	$	9,920	$	-	$	9,920	$	9,920	
Contingency	$	12,500	$	5,680	$	7,952	$	13,633	$	12,500	
Subtotal Field Expenses	$	341,510	$	116,130	$	121,660	$	237,790	$	340,228	

	Adopted
Budget	Actuals
Thru		Projected
Next	Projected
Thru	Proposed
Budget	
Description	FY2026	2/28/26		7 Months	9/30/26	FY2026	

Amenity Expenses
Amenity - Insurance	$	

5,630	

$	6,540	

$	

-	$	

6,540  $	

6,328	
Amenity - Electric	$	18,203	$	7,864	$	11,010  $	18,875  $	19,650	
Amenity - Water	$	14,607	$	4,971	$	6,960  $	11,931  $	13,124	
Playground Lease	$	37,584	$	15,658	$	21,921  $	37,579  $	37,584	
Internet	$	1,500	$	-	$	750  $	750  $	1,000	
Pest Control	$	1,300	$	500	$	700  $	1,200  $	1,300	
Janitorial Service	$	11,400	$	4,580	$	6,412  $	10,992  $	11,400	
Security Services	$	15,000	$	599	$	13,250  $	13,849  $	33,000	
Pool Maintenance	$	30,900	$	12,500	$	17,500  $	30,000  $	30,900	
Amenity Repairs & Maintenance	$	7,500	$	-	$	3,750  $	3,750  $	7,500	
Amenity Management	$	12,875	$	5,365	$	7,510  $	12,875  $	13,519	
Contingency	$	7,500	$	708	$	991  $	1,700  $	7,500	
Subtotal Amenity Expenses	$	163,999	$	59,285	$	90,755  $	150,040  $	182,805	
							
Total Operations & Maintenance	$	505,508	$	175,415	$	212,415  $	387,830  $	523,032	

Other Financing Sources/(Uses):							
Capital Reserves	$	79,083	$	-	$	79,083  $	79,083  $	75,355	
Total Other Financing Sources/(Uses)	$	79,083	$	-	$	79,083  $	79,083  $	75,355	
							
Total Expenditures	$	729,586	$	227,696	$	355,560  $	583,256  $	745,407	
							
Excess Revenues/(Expenditures)	$	-	$	423,105	$	(260,229)  $	162,876  $	-	
							
Product	Assessable	ERU/Unit	Total ERU's	Net Assessment Net Per Unit (7%)  Gross Per Unit	
Platted Lots	843	1.00	843.00		$691,022.94	$819.72	$881.42	
Total ERU's	843		843.00		$691,022.94			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year.

Contribution from Scenic Terrace North

The District has an interlocal agreement with Scenic Terrace North for shared amenity facilities with certain costs being allocated based upon the proportionate number of platted units in each District.

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.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer provides 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 provides 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 Series 2022 and Series 2023 bond issuance.

Disclosure Software

The District has contracted with DTS to provide software platform for filing various reports required in accordance with the Continuing Disclosure Agreements for the various bond issue(s).

Trustee Fees

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

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, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, 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.

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.

Copies

Printing  agenda materials 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.

Contingencies

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.

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 Services

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 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 and other materials 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 electric charges of common areas throughout the District.

Water & Sewer

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

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.

Holiday Lighting

Represents costs for holiday lights of the District.

Contingency

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

Amenity Expenses

Amenity - Electric

Represents electric charges for the District’s amenity facilities.

Amenity – Water

Represents water charges for the District’s amenity facilities.

Playground Lease

Represents the cost of the District leasing playground equipment for the fiscal year.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities. Janitorial Services
Represents costs to provide janitorial services and supplies for the District’s amenity facilities. Security Services
Represents the cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Amenity Management

Represents the cost of managing the monitoring access to the District’s amenity facilities.

Contingency

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

Other Financing Sources/(Uses)

Capital Reserve

Represents projected transfer out to the Capital Projects fund.

Scenic Terrace South
Community Development District Proposed Budget
Capital Reserve

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2026	

Revenues						
Interest	$	-	$	2,092	$	2,929	$	5,021	$	-	
Carry Forward Surplus	$	150,000	$	150,665	$	-	$	150,665	$	234,769	
Total Revenues	$	150,000	$	152,757	$	2,929	$	155,686	$	234,769	

Expenditures						
Reserve Study	$	-	$	-	$	-	$	-	$	6,500	
Capital Outlay	$	1,000	$	-	$	-	$	-	$	1,000	
Total Expenditures	$	1,000	$	-	$	-	$	-	$	7,500	

Other Sources/(Uses)						
Transfer In/(Out)	$	79,083	$	-	$	79,083	$	79,083	$	75,355	
Total Other Sources/(Uses)	$	79,083	$	-	$	79,083	$	79,083	$	75,355	
						
Excess Revenues/(Expenditures)	$	228,083	$	152,757	$	82,012	$	234,769	$	302,624	

Scenic Terrace South
Community Development District

Proposed Budget Debt Service Fund Series 2022

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2026	

Revenues						
Assessments - Tax Roll	$	1,078,703	$	1,006,509	$	72,195	$	1,078,703	$	1,078,703	
Interest Income	$	20,000	$	15,338	$	7,669	$	23,007	$	20,000	
Carry Forward Surplus *	$	656,455	$	658,484	$	-	$	658,484	$	682,463	
Total Revenues	$	1,755,159	$	1,680,330	$	79,864	$	1,760,194	$	1,781,166	

Expenditures						
Interest- 11/01	$	381,366	$	381,366	$	-	$	381,366	$	375,459	
Principal - 05/01	$	315,000	$	-	$	315,000	$	315,000	$	330,000	
Interest - 05/01	$	381,366	$	-	$	381,366	$	381,366	$	375,459	
Total Expenditures	$	1,077,731	$	381,366	$	696,366	$	1,077,731	$	1,080,919	
						
Excess Revenues/(Expenditures)	$	677,427	$	1,298,965	$	(616,502)	$	682,463	$	700,247	

*Carry forward less amount in Reserve funds.						
				Series 2022 Interest - 11/01	
$369,272	
Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	744	$1,078,703	$1,449.87	$1,559.00		
Total ERU's	744	$1,078,703				

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

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	

11/01/25	
$	
18,300,000.00	
$	
-	
$	
381,365.63	
$	
1,073,450.01	
05/01/26	$	19,590,000.00	$	315,000.00	$	381,365.63	$	-	
11/01/26	$	19,590,000.00	$	-	$	375,459.38	$	1,071,825.01	
05/01/27	$	19,590,000.00	$	330,000.00	$	375,459.38	$	-	
11/01/27	$	19,590,000.00	$	-	$	369,271.88	$	1,074,731.26	
05/01/28	$	19,590,000.00	$	345,000.00	$	369,271.88	$	-	
11/01/28	$	19,180,000.00	$	-	$	362,156.25	$	1,076,428.13	
05/01/29	$	19,180,000.00	$	355,000.00	$	362,156.25	$	-	
11/01/29	$	18,755,000.00	$	-	$	354,834.38	$	1,071,990.63	
05/01/30	$	18,755,000.00	$	370,000.00	$	354,834.38	$	-	
11/01/30	$	17,360,000.00	$	-	$	347,203.13	$	1,072,037.51	
05/01/31	$	17,360,000.00	$	385,000.00	$	347,203.13	$	-	
11/01/31	$	17,360,000.00	$	-	$	339,262.50	$	1,071,465.63	
05/01/32	$	17,360,000.00	$	405,000.00	$	339,262.50	$	-	
11/01/32	$	17,360,000.00	$	-	$	330,909.38	$	1,075,171.88	
05/01/33	$	17,360,000.00	$	420,000.00	$	330,909.38	$	-	
11/01/33	$	16,855,000.00	$	-	$	321,459.38	$	1,072,368.76	
05/01/34	$	16,855,000.00	$	440,000.00	$	321,459.38	$	-	
11/01/34	$	16,325,000.00	$	-	$	311,559.38	$	1,073,018.76	
05/01/35	$	16,325,000.00	$	460,000.00	$	311,559.38	$	-	
11/01/35	$	15,770,000.00	$	-	$	301,209.38	$	1,072,768.76	
05/01/36	$	15,770,000.00	$	480,000.00	$	301,209.38	$	-	
11/01/36	$	15,190,000.00	$	-	$	290,409.38	$	1,071,618.76	
05/01/37	$	15,190,000.00	$	505,000.00	$	290,409.38	$	-	
11/01/37	$	14,585,000.00	$	-	$	279,046.88	$	1,074,456.26	
05/01/38	$	14,585,000.00	$	530,000.00	$	279,046.88	$	-	
11/01/38	$	13,950,000.00	$	-	$	267,121.88	$	1,076,168.76	
05/01/39	$	13,950,000.00	$	550,000.00	$	267,121.88	$	-	
11/01/39	$	13,290,000.00	$	-	$	254,746.88	$	1,071,868.76	
05/01/40	$	13,290,000.00	$	575,000.00	$	254,746.88	$	-	
11/01/40	$	11,115,000.00	$	-	$	241,809.38	$	1,071,556.26	
05/01/41	$	11,115,000.00	$	605,000.00	$	241,809.38	$	-	
11/01/41	$	11,115,000.00	$	-	$	228,196.88	$	1,075,006.26	
05/01/42	$	11,115,000.00	$	630,000.00	$	228,196.88	$	-	
11/01/42	$	11,115,000.00	$	-	$	214,021.88	$	1,072,218.76	
05/01/43	$	11,115,000.00	$	660,000.00	$	214,021.88	$	-	
11/01/43	$	10,320,000.00	$	-	$	198,759.38	$	1,072,781.26	
05/01/44	$	10,320,000.00	$	690,000.00	$	198,759.38	$	-	
11/01/44	$	9,490,000.00	$	-	$	182,803.13	$	1,071,562.51	
05/01/45	$	9,490,000.00	$	725,000.00	$	182,803.13	$	-	
11/01/45	$	8,620,000.00	$	-	$	166,037.50	$	1,073,840.63	
05/01/46	$	8,620,000.00	$	760,000.00	$	166,037.50	$	-	
11/01/46	$	7,710,000.00	$	-	$	148,462.50	$	1,074,500.00	
05/01/47	$	7,710,000.00	$	795,000.00	$	148,462.50	$	-	
11/01/47	$	6,755,000.00	$	-	$	130,078.13	$	1,073,540.63	
05/01/48	$	6,755,000.00	$	835,000.00	$	130,078.13	$	-	
11/01/48	$	5,755,000.00	$	-	$	110,768.75	$	1,075,846.88	
05/01/49	$	5,755,000.00	$	870,000.00	$	110,768.75	$	-	
11/01/49	$	4,710,000.00	$	-	$	90,650.00	$	1,071,418.75	
05/01/50	$	4,710,000.00	$	915,000.00	$	90,650.00	$	-	
11/01/50	$	3,615,000.00	$	-	$	69,490.63	$	1,075,140.63	
05/01/51	$	3,615,000.00	$	955,000.00	$	69,490.63	$	-	
11/01/51	$	2,465,000.00	$	-	$	47,406.25	$	1,071,896.88	
05/01/52	$	2,465,000.00	$	1,000,000.00	$	47,406.25	$	-	
11/01/52	$	1,260,000.00	$	-	$	24,281.25	$	1,071,687.50	
05/01/53	$	1,260,000.00	$	1,050,000.00	$	24,281.25	$	1,074,281.25	
			$	16,955,000.00	$	13,477,562.70	$	31,124,647.08	

Scenic Terrace South
Community Development District

Proposed Budget Debt Service Fund Series 2023

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2026	

Revenues						
Assessments - Tax Roll	$	172,953	$	161,363	$	11,590	$	172,953	$	172,953	
Interest Income	$	2,000	$	2,373	$	3,322	$	5,696	$	2,000	
Carry Forward Surplus *	$	124,236	$	124,837	$	-	$	124,837	$	131,397	
Total Revenues	$	299,189	$	288,573	$	14,912	$	303,485	$	306,350	

Expenses						
Interest- 11/01	$	71,475	$	71,475	$	-	$	71,475	$	70,613	
Principal - 11/01	$	30,000	$	30,000	$	-	$	30,000	$	30,000	
Interest - 05/01	$	70,613	$	-	$	70,613	$	70,613	$	69,750	
Total Expenditures	$	172,088	$	101,475	$	70,613	$	172,088	$	170,363	
						
Excess Revenues/(Expenditures)	$	127,101	$	187,098	$	(55,700)	$	131,397	$	135,987	

*Carry forward less amount in Reserve funds.						
				Series 2023 Principal - 11/01	
$30,000	
Interest - 11/01 	$69,750	
	$99,750		
Product *	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Single Family	99	$172,953	$1,747.00	$1,878.49		
Total	99	$	172,953				

Scenic Terrace South Community Development District Series 2023 Special Assessment Bonds Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	

11/01/25	

$	

2,175,000.00	

$	

30,000.00	

$	

71,475.00	

$	

172,950.00	
05/01/26	$	2,145,000.00	$	-	$	70,612.50			
11/01/26	$	2,145,000.00	$	30,000.00	$	70,612.50	$	171,225.00	
05/01/27	$	2,115,000.00	$	-	$	69,750.00			
11/01/27	$	2,115,000.00	$	30,000.00	$	69,750.00	$	169,500.00	
05/01/28	$	2,085,000.00	$	-	$	68,887.50			
11/01/28	$	2,085,000.00	$	35,000.00	$	68,887.50	$	172,775.00	
05/01/29	$	2,050,000.00	$	-	$	67,881.25			
11/01/29	$	2,050,000.00	$	35,000.00	$	67,881.25	$	170,762.50	
05/01/30	$	2,015,000.00	$	-	$	66,875.00			
11/01/30	$	2,015,000.00	$	35,000.00	$	66,875.00	$	168,750.00	
05/01/31	$	1,980,000.00	$	-	$	65,868.75			
11/01/31	$	1,980,000.00	$	40,000.00	$	65,868.75	$	171,737.50	
05/01/32	$	1,940,000.00	$	-	$	64,568.75			
11/01/32	$	1,940,000.00	$	40,000.00	$	64,568.75	$	169,137.50	
05/01/33	$	1,900,000.00	$	-	$	63,268.75			
11/01/33	$	1,900,000.00	$	45,000.00	$	63,268.75	$	171,537.50	
05/01/34	$	1,855,000.00	$	-	$	61,806.25			
11/01/34	$	1,855,000.00	$	45,000.00	$	61,806.25	$	168,612.50	
05/01/35	$	1,810,000.00	$	-	$	60,343.75			
11/01/35	$	1,810,000.00	$	50,000.00	$	60,343.75	$	170,687.50	
05/01/36	$	1,760,000.00	$	-	$	58,718.75			
11/01/36	$	1,760,000.00	$	55,000.00	$	58,718.75	$	172,437.50	
05/01/37	$	1,705,000.00	$	-	$	56,931.25			
11/01/37	$	1,705,000.00	$	55,000.00	$	56,931.25	$	168,862.50	
05/01/38	$	1,650,000.00	$	-	$	55,143.75			
11/01/38	$	1,650,000.00	$	60,000.00	$	55,143.75	$	170,287.50	
05/01/39	$	1,590,000.00	$	-	$	53,193.75			
11/01/39	$	1,590,000.00	$	65,000.00	$	53,193.75	$	171,387.50	
05/01/40	$	1,525,000.00	$	-	$	51,081.25			
11/01/40	$	1,525,000.00	$	70,000.00	$	51,081.25	$	172,162.50	
05/01/41	$	1,455,000.00	$	-	$	48,806.25			
11/01/41	$	1,300,000.00	$	75,000.00	$	48,806.25	$	172,612.50	
05/01/42	$	1,215,000.00	$	-	$	46,368.75			
11/01/42	$	1,215,000.00	$	80,000.00	$	46,368.75	$	172,737.50	
05/01/43	$	1,215,000.00	$	-	$	43,768.75			
11/01/43	$	1,215,000.00	$	85,000.00	$	43,768.75	$	172,537.50	
05/01/44	$	1,215,000.00	$	-	$	41,006.25			
11/01/44	$	1,215,000.00	$	90,000.00	$	41,006.25	$	172,012.50	
05/01/45	$	1,125,000.00	$	-	$	37,968.75			
11/01/45	$	1,125,000.00	$	95,000.00	$	37,968.75	$	170,937.50	
05/01/46	$	1,030,000.00	$	-	$	34,762.50			
11/01/46	$	1,030,000.00	$	100,000.00	$	34,762.50	$	169,525.00	
05/01/47	$	930,000.00	$	-	$	31,387.50			
11/01/47	$	930,000.00	$	110,000.00	$	31,387.50	$	172,775.00	
05/01/48	$	820,000.00	$	-	$	27,675.00			
11/01/48	$	820,000.00	$	115,000.00	$	27,675.00	$	170,350.00	
05/01/49	$	705,000.00	$	-	$	23,793.75			
11/01/49	$	705,000.00	$	125,000.00	$	23,793.75	$	172,587.50	
05/01/50	$	580,000.00	$	-	$	19,575.00			
11/01/50	$	580,000.00	$	130,000.00	$	19,575.00	$	169,150.00	
05/01/51	$	450,000.00	$	-	$	15,187.50			
11/01/51	$	450,000.00	$	140,000.00	$	15,187.50	$	170,375.00	
05/01/52	$	310,000.00	$	-	$	10,462.50			
11/01/52	$	310,000.00	$	150,000.00	$	10,462.50	$	170,925.00	
05/01/53	$	160,000.00	$	-	$	5,400.00			
11/01/53	$	160,000.00	$	160,000.00	$	5,400.00	$	170,800.00	
			$	2,175,000.00	$	2,785,137.50	$	4,960,137.50	

Section V

Section C

Scenic Terrace South CDD Field Management Action Items List	
Description	Vendor	Status	Proposal $	Completion	Notes	
Replace Pool Motor	Resort Pools	Completed	$	4,500.00	April 2026	Motor was installed with pool opening
prior to Easter Sunday.	

Plant Replacement for Plants Affected by Cold Snap	

Prince & Sons	

Pending	

$	19,800.00		Vendor agreed to absorb $540 entrance
amount into the approved $19,800 amount for the common areas.
Scheduling of the installation is pending.	

Pump Controller Replacement at Peony Pl.	
Prince & Sons	
Discussion	
$	5,195.00		Pump controller was found defective
during an irrigation wet check. Proposal is to replace the controller.	

Stormwater Inlet Repair	
GMS	
Pending			(2) Stormwater inlets were found with
damages on Daffodil Dr. (Phase 2) and pending repairs.	

Misc. Maintenance	

GMS	

Completed		

April 2026	Several street signs were straighten and
reinforced including EOR signs at the end of Catmint Dr. and wiring was added along the front portion of the playground fence to contain rubber mulch from spreading throughout the parking lot.	

Column Monument Sign Repair	

Signature	

Ongoing			(5) out of (6) column signs have had
extensive damages due to high winds and foam material. Looking for pricing to change signs to a more durable matter such as the one sign in Phase 3 and adding a bottom brace to stablize the signs.	

Scenic Terrace South - CDD
Field Management Report – Photo Supplement

Stormwater Inlet Repair

Photo Description:
(2) Damaged stormwater inlets on Daffodil Dr.

Column Monument Signs

Column Monument Signs Cont’d

Photo Description:
Top left is a foam column sign and top right is a hard plastic sign. Picture to the right includes a proposed metal bottom brace to stabilize the signs.

Completed Maintenance Items

Photo Description:
EOR signs were reinstalled and rabbit wiring added to the playground fencing.

Section 1

Phone

Date:	

200 S. F. Street, Haines City, FL 33844
www.princelandservices.com
863-422-5207	State of Florida License # CGC1521568
Polk County License # 15453

4.8.26	
SUBMITTED TO:		Job Name / Location:	
GMS - Central Florida		Scenic Terrace South				
219 E Livingston St.		Basil Ln				
Orlando, FL 32801		Haines city Fl, 33844				
Atten: Joel Blanco						
Phone:	768-238-9473						
Email:	Jblanco@gmscfl.com						
We hereby submit an proposal to provide the material and labor for the scope of work:	
Have Dunham Well replace the pump controller on the pump at Peony Place.	
DESCRIPTION	Qty	Unit Cost	TOTAL	
Variable speed pump controller (5HP CUE 100 Grundfos VFD Drive), Transducer, mounting
post and misc. parts, 4 hours labor and sales tax.	1	$5,195.00	$5,195.00	
Total			$5,195.00	
EXCLUSIONS & SUBSTITUTIONS:
Labor and Material Not To Exceed
GENERAL TERMS:
Payment to be remitted within 30 days upon completion (no exceptions).
Prices good for 30 days - P&S reserves the right to re-bid after 30 days.
Prince and Sons, Inc. Authorized Signature:	Approved By:
Jason Rusticus	James Smith	Brian Huseman		
Account Manager	Irrigation Manager	Irrigation Field
Supervisor	

Section D

Section 1

Scenic Terrace South
Community Development District
Summary of Checks

February 01, 2026 to February 28, 2026

Bank	Date	Check No.'s		Amount	

General Fund	

2/5/26	

493-495	

$	

13,578.76	
	2/13/26	496-497	$	6,901.90	
	2/20/26	498	$	100.00	
		Total	$	20,580.66	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/17/26	PAGE	1
*** CHECK DATES 02/01/2026 - 02/28/2026 ***	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	#
2/05/26 00037	1/31/26 00075527 202601 310-51300-48000	*	349.67
NOT OF BOS MTG 01/12/26
GANNETT MEDIA CORP DBA GANNETT	349.67 000493
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/05/26 00043	2/05/26 02052026 202602 300-15500-10000	*	3,131.59
PLAYGROUND LEASE-MAR26
HEIDI BONNETT DBA HNB PROPERTY LLC	3,131.59 000494
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/05/26 00040	2/01/26 22170	202602 320-53800-46200	*	6,912.50
LANDSCAPE MAINT-FEB26
2/01/26 22170	202602 320-53800-46200	*	3,185.00
AMENITY LANDSCAPE-FEB26
PRINCE & SONS, INC.	10,097.50 000495
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/26 00046	1/27/26 17043-A	202601 330-57200-48200	*	50.00
CLEANING SHORTAGE JAN26
CSS CLEAN STAR SERVICES OF	50.00 000496
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/26 00003	2/01/26 164	202602 320-53800-34000	*	1,287.50
FIELD MANAGEMENT-FEB26
2/01/26 165	202602 310-51300-34000	*	3,647.92

	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	

MANAGMENT FEES-FEB26
165	202602 310-51300-35200	*	108.17
WEBSITE MANAGEMENT-FEB26
165	202602 310-51300-35100	*	166.92
INFORMATION TECH-FEB26
165	202602 310-51300-31300	*	540.75
DISSEMINATION SVCS-FEB26
165	202602 330-57200-48300	*	1,072.92
AMENITY ACCESS MGMT-FEB26
165	202602 310-51300-51000	*	1.08
OFFICE SUPPLIES
165	202602 310-51300-42000	*	26.64

MANAGEMENT SERVICES-CF										6,851.90	000497	
- - - - - - - - - - - -	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
		*							100.00			

POSTAGE
GOVERNMENTAL
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/20/26 00048	2/03/26 69424911 202602 330-57200-48100
PEST CONTROL-FEB26
MASSEY SERVICES INC.	100.00 000498
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	20,580.66
TOTAL FOR REGISTER	20,580.66 STS	SCENIC TERRACE IARAUJO

Section 2

Scenic Terrace South
Community Development District

Unaudited Financial Reporting
February 28, 2026

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Capital Reserve Fund	

5	
	Debt Service Fund Series 2022	

6	
	Debt Service Fund Series 2023	

7	
	Capital Projects Fund Series 2022	

8	
	Capital Projects Fund Series 2023	

9-10	
	Month to Month	

11	
	Assessment Receipt Schedule	

12	
	Long Term Debt Schedule	

Scenic Terrace South
Community Development District Combined Balance Sheet February 28, 2026

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

$	

690,067	

$	

152,757	

$	

-	

$	

-		

$	

842,825	
State Board of Administration	$	299,193	$	-	$	-	$	-		$	299,193	
Due from General Fund Investments:
Series 2022
Reserve	$

$	-

-	$

$	-

-	$

$	14,254

538,214	$

$	-

-		$

$	14,254

538,214	
Revenue	$	-	$	-	$	1,358,521	$	-		$	1,358,521	
Prepayment	$	-	$	-	$	659				$	659	
Construction Series 2023
Reserve	$

$	-

-	$

$	-

-	$

$	-

86,475	$

$	

-	2	$

$	2

86,475	
Revenue	$	-	$	-	$	185,128	$	-		$	185,128	
Total Assets	$	989,260	$	152,757	$	2,183,251	$		2	$	3,325,271	
Liabilities:
Accounts Payable	

$	

9,238	

$	

-	

$	

-	

$	

-		

$	

9,238	
Due to Debt Service	$	14,254	$	-	$	-	$	-		$	14,254	
Deferred Revenue	$	-	$	-	$	72,500	$	-		$	72,500	
Total Liabilites	$	23,492	$	-	$	72,500	$	-		$	95,992	
Fund Balance: Restricted for: Debt Service	

$	

-	

$	

-	

$	

2,110,751	

$	

-		

$	

2,110,751	
Capital Projects	$	-	$	-	$	-	$		2	$	2	
Assigned for:
Capital Reserves	
$	
-	
$	
152,757	
$	
-	
$	
-		
$	
152,757	
Unassigned	$	965,768	$	-	$	-	$	-		$	965,768	
Total Fund Balances	$	965,768	$	152,757	$	2,110,751	$		2	$	3,229,279	
												
Total Liabilities & Fund Balance	$	989,260	$	152,757	$	2,183,251	$		2	$	3,325,271	

Revenues:

Assessments - Tax Roll	$	691,023	$	644,718	$	644,718	$	-	
Contribution from Scenic Terrace North	$	38,563	$	-	$	-	$	-	
Interest	$	-	$	-	$	6,084	$	6,084	
Total Revenues	$	729,586	$	644,718	$	650,802	$	6,084	

Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	5,000	$	1,200	$	3,800	
FICA Expense	$	918	$	383	$	92	$	291	
Engineering	$	15,000	$	6,250	$	1,875	$	4,375	
Attorney	$	25,000	$	10,417	$	4,438	$	5,979	
Annual Audit	$	3,600	$	-	$	-	$	-	
Assessment Administration	$	5,408	$	5,408	$	5,408	$	-	
Arbitrage	$	900	$	450	$	450	$	-	
Dissemination	$	6,489	$	2,704	$	2,704	$	-	
Disclosure Software	$	3,000	$	3,000	$	3,000	$	-	
Trustee Fees	$	8,869	$	4,256	$	4,256	$	-	
Management Fees	$	43,775	$	18,240	$	18,240	$	(0)	
Information Technology	$	2,003	$	835	$	835	$	0	
Website Maintenance	$	1,298	$	541	$	541	$	(0)	
Postage & Delivery	$	2,700	$	2,700	$	656	$	2,044	
Insurance	$	7,610	$	7,610	$	5,898	$	1,712	
Copies	$	1,000	$	417	$	-	$	417	
Legal Advertising	$	2,500	$	1,042	$	2,381	$	(1,339)	
Contingency	$	2,500	$	1,042	$	123	$	919	
Office Supplies	$	250	$	104	$	11	$	93	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	144,994	$	70,571	$	52,281	$	18,290	

Operations & Maintenance		
Field Expenditures
Property Insurance	

$	5,207	

$	5,207	

$	5,207	

$	-	
Field Management	$	15,450	$	6,438	$	6,438	$	-	
Landscape Maintenance	$	144,253	$	60,105	$	50,488	$	9,618	
Landscape Replacement	$	17,500	$	17,500	$	16,500	$	1,000	
Streetlights	$	49,500	$	20,625	$	14,148	$	6,477	
Electric	$	17,696	$	7,373	$	743	$	6,630	
Water & Sewer	$	46,904	$	19,543	$	2,314	$	17,230	
Irrigation Repairs	$	10,000	$	4,167	$	2,548	$	1,619	
General Repairs & Maintenance	$	12,500	$	5,208	$	2,145	$	3,063	
Holiday Lighting	$	10,000	$	10,000	$	9,920	$	80	
Contingency	$	12,500	$	5,208	$	5,680	$	(472)	
Subtotal Field Expenditures	$	341,510	$	161,375	$	116,130	$	45,245	

Amenity Expenditures
Amenity Insurance	

$	5,630	

$	5,630	

$	6,540	

$	(910)	
Amenity - Electric	$	18,203	$	7,585	$	7,864	$	(280)	
Amenity - Water	$	14,607	$	6,086	$	4,971	$	1,115	
Playground Lease	$	37,584	$	15,660	$	15,658	$	2	
Internet	$	1,500	$	625	$	-	$	625	
Pest Control	$	1,300	$	542	$	500	$	42	
Janitorial Service	$	11,400	$	4,750	$	4,580	$	170	
Security Services	$	15,000	$	6,250	$	599	$	5,651	
Pool Maintenance	$	30,900	$	12,875	$	12,500	$	375	
Amenity Repairs & Maintenance	$	7,500	$	3,125	$	-	$	3,125	
Amenity Management	$	12,875	$	5,365	$	5,365	$	(0)	
Contingency	$	7,500	$	3,125	$	708	$	2,417	
Subtotal Amenity Expenditures	$	163,999	$	71,617	$	59,285	$	12,332	
					
Total Operations & Maintenance	$	505,508	$	232,992	$	175,415	$	57,577	
					
Total Expenditures	$	650,503	$	303,563	$	227,696	$	75,867	
					
Excess (Deficiency) of Revenues over Expenditures	$	79,083		$	423,105		

Other Financing Sources/(Uses):					

Capital Reserves	
$	
79,083	
$	
-	
$	
-	
$	
-	
Total Other Financing Sources/(Uses)	$	79,083	$	-	$	-	$	-	
						
Net Change in Fund Balance	$	-		$	423,105			
						
Fund Balance - Beginning	$	-		$	542,663			
						
Fund Balance - Ending	$	-		$	965,768			

Variance

Thru 02/28/26

Thru 02/28/26

Budget

Actual

Prorated Budget

Adopted

Revenues:

Interest	$	-	$	-	$	2,092	$	2,092	
Total Revenues	$	-	$	-	$	2,092	$	2,092	

Expenditures:

Capital Outlay	

$	1,000	

$	

-	$	-	

$	-	
Total Expenditures	$	1,000	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,000)		$	2,092		

Other Financing Sources/(Uses):

Transfer In/(Out)	

$	79,083	

$	-	

$	-	

$	-	
Total Other Financing Sources/(Uses)	$	79,083	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	78,083		$	2,092		
					
Fund Balance - Beginning	$	150,000		$	150,665		
					
Fund Balance - Ending	$	228,083		$	152,757		

	Adopted	Prorated Budget		Actual		
		Budget	Thru 02/28/26	Thru 02/28/26		Variance	

Revenues:									
Assessments - Tax Roll	$	1,078,703	$	1,006,509	$	1,006,509	$	-	
Interest	$	20,000	$	8,333	$	15,338	$	7,005	
Total Revenues	$	1,098,703	$	1,014,842	$	1,021,847	$	7,005	

Expenditures:									
Series 2022
Interest - 11/1	

$	

381,366	

$	

381,366	

$	

381,366	

$	

-	
Principal - 5/1	$	315,000	$	-	$	-	$	-	
Interest - 5/1	$	381,366	$	-	$	-	$	-	
Total Expenditures	$	1,077,731	$	381,366	$	381,366	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	20,972			$	640,481			
									
Fund Balance - Beginning	$	656,455			$	1,196,698			
									
Fund Balance - Ending	$	677,427			$	1,837,179			

		Adopted	Prorated Budget		Actual			
		Budget	Thru 02/28/26	Thru 02/28/26		Variance	

Revenues:									
Assessments - On Roll	$	172,953	$	161,363	$	161,363	$	-	
Interest	$	2,000	$	2,000	$	2,373	$	373	
Total Revenues	$	174,953	$	163,363	$	163,736	$	373	

Expenditures:									
Series 2023
Interest - 11/1	

$	

71,475	

$	

71,475	

$	

71,475	

$	

-	
Principal - 11/1	$	30,000	$	30,000	$	30,000	$	-	
Interest - 5/1	$	70,613	$	-	$	-	$	-	
Total Expenditures	$	172,088	$	101,475	$	101,475	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	2,865			$	62,261			
									
Fund Balance - Beginning	$	124,236			$	211,312			
									
Fund Balance - Ending	$	127,101			$	273,573			

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/26	Thru 02/28/26	Variance	

Revenues		
Developer Contributions	$	-	$	-	$	459,630	$	459,630	
Interest	$	-	$	-	$	25	$	25	
Total Revenues	$	-	$	-	$	459,655	$	459,655	

Expenditures:					
Capital Outlay - Construction	$	-	$	-	$	470,907	$	(470,907)	
Total Expenditures	$	-	$	-	$	470,907	$	(470,907)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(11,251)		
					
Fund Balance - Beginning	$	-	$	11,253		
					
Fund Balance - Ending	$	-	$	2		

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/26	Thru 02/28/26	Variance	

Revenues

Developer Contributions	

$	

-	$	

-	$	-	

$	-	
Total Revenues	$	-	$	-	$	0	$	0	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	-	

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

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

Revenues:

Assessments - Tax Roll	$	-	$	18,978  $	615,583  $	3,460  $	6,698  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	644,718	
Contribution from Scenic Terrace North	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Interest	$	-	$	1,014  $	1,014  $	2,911  $	1,144  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	6,084	
Total Revenues	$	-	$	19,991  $	616,597  $	6,371  $	7,842  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	650,802	

Expenditures:		
General & Administrative:		
Supervisor Fees	$	600	$	-	$	600	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,200	
FICA Expense	$	46	$	-	$	46	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	92	
Engineer Fees	$	725	$	-	$	690	$	-	$	460	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,875	
Attorney Fees	$	1,282	$	628	$	1,217	$	147	$	1,164	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,438	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Adminstration	$	5,408	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,408	
Arbitrage	$	-	$	-	$	450	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	450	
Dissemination	$	541	$	541	$	541	$	541	$	541	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,704	
Disclosure Software	$	3,000	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,000	
Trustee Fees	$	-	$	4,256	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	4,256	
Management Fees	$	3,648	$	3,648	$	3,648	$	3,648	$	3,648	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	18,240	
Information Technology	$	167	$	167	$	167	$	167	$	167	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	835	
Website Maintenance	$	108	$	108	$	108	$	108	$	108	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	541	
Postage & Delivery	$	177	$	48	$	30	$	374	$	27	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	656	
Insurance	$	5,898	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,898	
Copies	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	-	$	2,031	$	-	$	350	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,381	
Contingency	$	-	$	-	$	-	$	70	$	53	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	123	
Office Supplies	$	0	$	3	$	3	$	3	$	1	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	11	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	21,775	$	11,430	$	7,500	$	5,408	$	6,168	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	52,281	

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 Holiday Décor
Contingency

$	5,207  $
$	1,288  $
$	10,098  $
$	-  $
$	-  $
$	2,840  $
$	184  $
$	371  $
$	-  $
$	-  $
$	165  $
$	4,960  $
$	2,860  $

-  $
1,288  $
10,098  $
-  $
-  $
2,840  $
117  $
596  $
-  $
2,548  $
605  $
-  $
1,125  $

-  $
1,288  $
10,098  $
-  $
-  $
2,848  $
117  $
644  $
-  $
-  $
-  $
-  $
1,695  $

-  $
1,288  $
10,098  $
16,500  $
-  $
2,817  $
183  $
670  $
-  $
-  $
1,155  $
4,960  $
-  $

-  $
1,288  $
10,098  $
-  $
-  $
2,804  $
143  $
32  $
-  $
-  $
220  $
-  $
-  $

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

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

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

-  $	5,207
-  $	6,438
-  $	50,488
-  $	16,500
-  $	-
-  $	14,148
-  $	743
-  $	2,314
-  $	-
-  $	2,548
-  $	2,145
-  $	9,920
-  $	5,680

Subtotal Field Expenditures	$	27,971  $	19,216  $	16,689  $	37,670  $	14,584  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	116,130

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

$	6,540  $
$	1,630  $
$	1,081  $
$	3,132  $
$	-  $
$	100  $
$	910  $
$	224  $
$	2,500  $
$	-  $
$	1,073  $
$	280  $

-  $
1,626  $
1,122  $
3,132  $
-  $
100  $
940  $
-  $
2,500  $
-  $
1,073  $
368  $

-  $
1,549  $
888  $
3,132  $
-  $
100  $
900  $
-  $
2,500  $
-  $
1,073  $
60  $

-  $
1,742  $
1,416  $
3,132  $
-  $
100  $
930  $
-  $
2,500  $
-  $
1,073  $
-  $

-  $
1,317  $
463  $
3,132  $
-  $
100  $
900  $
375  $
2,500  $
-  $
1,073  $
-  $

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

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

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

-  $	6,540
-  $	7,864
-  $	4,971
-  $	15,658
-  $	-
-  $	500
-  $	4,580
-  $	599
-  $	12,500
-  $	-
-  $	5,365
-  $	708

Other Financing Sources/Uses:

Capital Reserve Transfer

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(67,216)  $	(21,515)  $	582,207  $	(47,600)  $	(22,770)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	423,105

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Excess (Deficiency) of Revenues over Expenditures	$	(67,216)  $	(21,515)  $	582,207  $	(47,600)  $	(22,770)  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	423,105

Total Expenditures	$	67,216  $	41,506  $	34,391  $	53,971  $	30,612  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	227,696

Total Operations & Maintenance	$	45,441  $	30,077  $	26,891  $	48,563  $	24,444  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175,415

Subtotal Amenity Expenditures	$	17,470  $	10,860  $	10,202  $	10,893  $	9,860  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	59,285

Scenic Terrace South
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2026

ON ROLL ASSESSMENTS

Gross Assessments $ Net Assessments  $

743,037.06
691,024.47

$  1,160,000.16  $
$  1,078,800.15  $

185,970.51
172,952.57

$ 2,089,007.73
$ 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	

11/10/25	
10/20-10/21/25	
$213.49	
($12.81)	
($4.01)	
$0.00	
$0.00	
$196.67	
$69.95	
$109.21	
$17.51	
$196.67	
11/10/25	10/20-10/21/25	$377.65	($22.66)	($7.10)	$0.00	$0.00	$347.89	$123.74	$193.18	$30.97	$347.89	
11/14/25	10/01-10/31/25	$10,577.04	($423.12)	($203.08)	$0.00	$0.00	$9,950.84	$3,539.40	$5,525.58	$885.86	$9,950.84	
11/14/25	10/01-10/31/25	$18,709.68	($748.36)	($359.23)	$0.00	$0.00	$17,602.09	$6,260.87	$9,774.22	$1,567.00	$17,602.09	
11/21/25	11/01-11/07/25	$4,407.10	($176.30)	($84.62)	$0.00	$0.00	$4,146.18	$1,474.75	$2,302.32	$369.11	$4,146.18	
11/21/25	11/01-11/07/25	$7,795.70	($311.82)	($149.68)	$0.00	$0.00	$7,334.20	$2,608.69	$4,072.59	$652.92	$7,334.20	
11/26/25	11/08-11/15/25	$5,288.52	($211.56)	($101.54)	$0.00	$0.00	$4,975.42	$1,769.70	$2,762.79	$442.93	$4,975.42	
11/26/25	11/08-11/15/25	$9,354.84	($374.17)	($179.61)	$0.00	$0.00	$8,801.06	$3,130.44	$4,887.12	$783.50	$8,801.06	
12/01/25	Inv#4652329	$0.00	$0.00	$0.00	$0.00	($13,459.71)	($13,459.71)	($4,787.47)	($7,474.01)	($1,198.23)	($13,459.71)	
12/01/25	Inv#4652330	$0.00	$0.00	$0.00	$0.00	($7,430.37)	($7,430.37)	($2,642.90)	($4,125.99)	($661.48)	($7,430.37)	
12/08/25	11/16/25-11/25/25	$70,513.60	($2,820.80)	($1,353.86)	$0.00	$0.00	$66,338.94	$23,596.03	$36,837.19	$5,905.72	$66,338.94	
12/08/25	11/16/25-11/25/25	$145,488.95	($5,819.03)	($2,793.40)	$0.00	$0.00	$136,876.52	$48,685.47	$76,005.84	$12,185.21	$136,876.52	
12/19/25	11/26/25-11/30/25	$457,456.98	($18,299.98)	($8,783.14)	$0.00	$0.00	$430,373.86	$153,079.25	$238,981.28	$38,313.33	$430,373.86	
12/19/25	11/26/25-11/30/25	$818,774.16	($32,749.20)	($15,720.50)	$0.00	$0.00	$770,304.46	$273,988.82	$427,740.54	$68,575.10	$770,304.46	
12/31/25	12/01/25-12/15/25	$133,378.40	($5,288.98)	($2,561.79)	$0.00	$0.00	$125,527.63	$44,648.80	$69,703.94	$11,174.89	$125,527.63	
12/31/25	12/01/25-12/15/25	$236,035.35	($9,354.45)	($4,533.62)	$0.00	$0.00	$222,147.28	$79,015.34	$123,355.64	$19,776.30	$222,147.28	
01/09/26	12/16/25-12/31/25	$4,299.77	($105.59)	($83.88)	$0.00	$0.00	$4,110.30	$1,461.99	$2,282.40	$365.91	$4,110.30	
01/09/26	12/16/25-12/31/25	$2,430.77	($59.69)	($47.42)	$0.00	$0.00	$2,323.66	$826.50	$1,290.30	$206.86	$2,323.66	
01/29/26	10/01-12/31/25	$0.00	$0.00	$0.00	$1,170.34	$0.00	$1,170.34	$416.27	$649.88	$104.19	$1,170.34	
01/29/26	10/01-12/31/26	$0.00	$0.00	$0.00	$2,122.28	$0.00	$2,122.28	$754.87	$1,178.48	$188.93	$2,122.28	
02/12/26	01/01-01/31/26	$6,767.38	($132.22)	($132.70)	$0.00	$0.00	$6,502.46	$2,312.85	$3,610.74	$578.87	$6,502.46	
02/12/26	01/01-01/31/26	$12,825.96	($246.64)	($251.59)	$0.00	$0.00	$12,327.73	$4,384.83	$6,845.44	$1,097.46	$12,327.73	
	TOTAL	$	1,944,695.34	$	(77,157.38)	$	(37,350.77)	$	3,292.62	$	(20,890.08)	$ 1,812,589.73	$  644,718.19	$ 1,006,508.68	$	161,362.86	$ 1,812,589.73	

93% Net Percent Collected
$	130,187.46 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		$538,214
Reserve Fund Balance	$538,214

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 - 2/1/24	($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)
Less: Principal Payment - 05/01/25	($305,000)	
Current Bonds Outstanding	$16,955,000	

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)
Less: Principal Payment - 11/01/25	($30,000)	
Current Bonds Outstanding	$2,145,000	

Section 3

April 15, 2026

Samantha Ham – Recording Secretary Scenic Terrace South CDD
219 E. Livingston St.
Orlando, FL 32801

RE: Scenic Terrace South Community Development District Registered Voters

Dear Ms. Ham,
In response to your request, there are currently 526 voters within the Scenic Terrace South Community Development District as of April 15, 2026.
Please do not hesitate to contact us if we can be of further assistance.

Sincerely,

Melony M. Bell Supervisor of Elections Polk County, Florida