SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICTS 1-6

Financial Report For February 2022

SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICTS #1-6
MONTHLY FINANCIAL REPORT TABLE OF CONTENTS

Southern Grove CDD #1-6 RECAP…	Page 3-5
Southern Grove CDD #1…	Page 6-7
Southern Grove CDD #2…	Page 8-9
Southern Grove CDD #3…	Page 10-11
Southern Grove CDD #4…	Page 12-13
Southern Grove CDD #5…	Page 14-15
Southern Grove CDD #6…	Page 16-17

	FISCAL YEAR	FISCAL YEAR		
	2021/2022	10/01/21 - 02/28/22	% Of	
	ANNUAL BUDGET	ACTUAL	Budget	COMMENTS	
 REVENUES	
O & M ASSESSMENTS - ADMIN & MAINT	
751,391	
723,770	

96.32%	
DEBT ASSESSMENTS	969,263	943,325	97.32%	
BOND PREPAYMENTS	0	96,100	100.00%	
INTEREST INCOME	0	622	100.00%	
STORMWATER	400,000	24,358	6.09%	
OTHER INCOME	0	120,915	100.00%	
OTHER INCOME - SPECIAL BOND REV	0	0	100.00%	
TIM - DEVELOPER/ BOND FUNDED	1,113,700	0		
 FUND CARRY FORWARD			0	0	0.00%	
 Total Revenues		 $	3,234,354	$	1,909,091	59.03%	
 EXPENDITURES - ADMIN			
ARBITRAGE REBATE FEE	6,500	0	100.00%	
AUDIT	36,000	0	0.00%	
BANK FEES	0	35	100.00%	
CONSULTING FEES	0	0	100.00%	
DISSEMINATION AGENT	3,000	0	0.00%	
DISTRICT COUNSEL	48,000	15,184	31.63%	
MANAGEMENT	31,120	12,967	41.67%	
DUES, LICENSES, FEES	1,050	1,050	100.00%	
ASSESSMENT ROLL	6,000	0	0.00%	
ENGINEERING	175,000	115,668	66.10%	
FINANCIAL ADVISOR - BOND	0	0	0.00%	
IMPACT FEE ADMINISTRATION	0	0	0.00%	
GENERAL INSURANCE	34,900	38,015	108.93%	
WEBSITE	4,500	1,875	41.67%	
LEGAL ADVERTISING	3,800	841	22.14%	
MISCELLANEOUS	2,000	0	0.00%	
MEETING ROOM	0	0	0.00%	

	FISCAL YEAR	FISCAL YEAR			
	2021/2022	10/01/21 - 02/28/22	% Of		
	ANNUAL BUDGET	ACTUAL	Budget	COMMENTS	
OFFICE SUPPLIES		1,000	111	0.00%		
POSTAGE AND SHIPPING		500	354	100.00%		
COPIES		2,500	321	12.83%		
SUPERVISOR FEES		4,800	0	0.00%		
SUPERVISOR PAYROLL TAXES		0	0	0.00%		
SUPERVISOR PAYROLL FEES		0	0	0.00%		
TELEPHONE		0	0	0.00%		
TIF/SAD REBATE ANALYSIS		26,010	60,110	0.00%		
TRUSTEE SERVICES		7,000	4,031	57.59%		
OFFICE RENT		16,500	6,851	41.52%		
CONTINGENCY - ADMIN		0	0	0.00%		
CAPITAL OUTLAY		0	47,463	0.00%		
TIM - CAPITAL (Bond/Developer Funded)		720,000	196,272	0.00%		
TOTAL ADMIN EXPENSES		1,130,680	501,421	44.35%		

EXPENDITURES - MAINT						
LAKE MAINTENANCE		45,000	22,625	50.28%		
BUILDING, BRIDGE, MONUMENT MAINT.		1,000	0	0.00%		
TIM OPERATIONS		393,700	0	0.00%		
CONTINGENCY - MAINT.		100,000	80,375	80.38%		
COMMUNITY AREA MAINTENANCE		0	0	0.00%		
LAKE PORTER SERVICE		0	0	0.00%		
PAINTING		0	0	0.00%		
FIELD MAINTENANCE		0	0	0.00%		
ELECTRIC		25,000	864	3.45%		
ENGINEERING - MAINT.		175,000	0	0.00%		
FIELD MANAGEMENT		16,000	6,667	41.67%		
FOUNTAIN MAINTENANCE		10,000	11,808	100.00%		
HYDRILLA TREATMENT			0	0.00%		
LANDSCAPING MAINTENANCE & MATERIALS		46,600	24,096	51.71%		
MITIGATION MAINTENANCE		82,000	38,889	47.43%		
IRRIGATION		2,000	0	0.00%	4	

	FISCAL YEAR	FISCAL YEAR			
	2021/2022	10/01/21 - 02/28/22	% Of		
	ANNUAL BUDGET	ACTUAL	Budget	COMMENTS	
IRRIGATION PARTS & REPAIR	8,000	0	0.00%		
PEST CONTROL	2,000	75	3.75%		
ROAD REPAIR	0	0	0.00%		
SECURITY	40,000	0	0.00%		
FENCE REPAIR	0	0	0.00%		
SIDEWALK CLEANING/REPAIR	30,000	0	0.00%		
SIGNAGE	10,000	395	0.00%		
STREETLIGHTS	2,000	0	0.00%		
STORMWATER MANAGEMENT	50,000	24,358	48.72%		
TREE/PLANT REPLACEMENT & TRIM	36,000	0	0.00%		
WETLAND UPLAND MAINTENANCE	0	0	0.00%		
TOTAL MAINTENANCE EXPENSES	1,074,300	210,152	19.56%		

 	

 Total Expenditures	

 $	2,204,980	$	711,573	32.27%

 EXCESS / (SHORTFALL)			$	1,029,374	$	1,197,518		

PAYMENT TO TRUSTEE (2019 Bond)		
(498,944)	
(496,756)	
99.56%	
PAYMENT TO TRUSTEE (2020 Bond)		(392,779)	(391,101)	99.57%	
BOND PREPAYMENTS		-	(96,100)		
 BALANCE			$	137,652	$	213,560		

COUNTY APPRAISER & TAX COLLECTOR FEE		
(68,826)	
(66,194)	
96.18%	
DISCOUNTS FOR EARLY PAYMENTS		(68,826)	(65,867)	95.70%	
 NET EXCESS / (SHORTFALL)			$	-	$	81,500		

5

03/31/22	Profit & Loss Budget vs. Actual
Accrual Basis	October 2021 through February 2022

Oct '21 - Feb 22	Budget	$ Over Budget	% of Budget
Ordinary Income/Expense
Income		
01-3100 · Assessments	91,876.85		18,525.57		73,351.28		495.9%	
01-3810 · Debt Assessment (CI - 2019)	527,790.45							
01-3814 · Debt Assessment (CI - 2020)	415,534.70							
01-3830 · Assessment Fees	-66,193.97		-741.02		-65,452.95		8,932.8%	
01-3831 · Assessment Discounts	-65,866.75		-741.02		-65,125.73		8,888.7%	
01-3840 · Debt Assess-Pd To Trustee(2019)	-496,756.25							
01-3841 · Debt Assess-Pd To Trustee(2020)	-391,101.12							
01-3901 · Bond Prepayments (2019)	96,100.00							
01-3902 · Bond Prepayments (2020)	0.00							
01-3911 · Bond Prepayments(19) To Trustee	-96,100.00							
01-9400 · Other Income	67,500.00							
01-9405 · Stormwater Fees	24,358.00							
01-9407 · Engineering Revenue Fees	42,620.60							
01-9408 · Application Fee	10,794.40							
01-9410 · Interest Income (GF)	622.31							
Total Income	161,179.22		17,043.53		144,135.69		945.7%	
Expense								
01-1308 · Dissemination Agent	0.00		41.96		-41.96		0.0%	
01-1310 · Engineering	1,127.58		2,447.51		-1,319.93		46.1%	
01-1311 · Management Fees	126.43		435.24		-308.81		29.0%	
01-1315 · Legal Fees	148.04		671.32		-523.28		22.1%	
01-1317 · Travel and Per Diem	2.69		6.99		-4.30		38.5%	
01-1318 · Assessment/Tax Roll	0.00		83.91		-83.91		0.0%	
01-1320 · Audit Fees	0.00		6,000.00		-6,000.00		0.0%	
01-1325 · Supervisor Fees	0.00		800.00		-800.00		0.0%	
01-1440 · Rents & Leases	66.80		230.77		-163.97		28.9%	
01-1450 · Insurance	5,419.00		4,900.00		519.00		110.6%	
01-1480 · Legal Advertisements	8.22		53.15		-44.93		15.5%	
01-1511 · Bank Fees	0.35		0.00		0.35		100.0%	
01-1512 · Miscellaneous	0.00		27.97		-27.97		0.0%	
01-1513 · Postage and Delivery	3.47		6.99		-3.52		49.6%	
01-1514 · Office Supplies	1.10		13.99		-12.89		7.9%	
01-1516 · Copies	3.16		34.96		-31.80		9.0%	
01-1518 · Web Site	312.50		750.00		-437.50		41.7%	
01-1521 · Aquatic Contract	0.00		0.00		0.00		0.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	0.00							
01-1600 · TIM - Operations (BEEP) O&M	1,913.32		0.00		1,913.32		100.0%	
01-1772 · TIF/SAD Rebate Analysis	585.99		363.77		222.22		161.1%	
01-1801 · Landscaping Maintenance	0.00							
01-1805 · Stormwater Management (GF)	24,358.00		0.00		24,358.00		100.0%	
01-1809 · Field Management	0.00							
01-1812 · Signage & Amenities Repair	0.00							
01-1814 · Electricity	0.00							
01-1815 · Miscellaneous Maintenance	0.00							
01-1818 · Fountain Maintenance & Chemical	0.00							
01-1822 · Pest Control	0.00							
01-1826 · Mitigation Maintenance	0.00							
Total Expense	34,251.65		17,043.53		17,208.12		201.0%	
Net Ordinary Income	126,927.57		0.00		126,927.57		100.0%	
Other Income/Expense								
Other Expense
01-3920 · Capital Outlay	
47,463.12							
Total Other Expense	47,463.12							
Net Other Income	-47,463.12							
Net Income	79,464.45		0.00		79,464.45		100.0%	

03/31/22	Balance Sheet
Accrual Basis	As of February 28, 2022

Feb 28, 22

ASSETS
Current Assets Checking/Savings		
01-1000 · Valley National 1068	2,190,167.64	
01-1001 · Valley Bank-Special Bond Acct	1,001,118.98	
Total Checking/Savings	3,191,286.62	
Accounts Receivable		
01-1200 · Accounts Receivable	86,436.60	
Total Accounts Receivable	86,436.60	
Total Current Assets	3,277,723.22	
Other Assets		
01-8122 · A/R St Lucie County Excess Fees	-2,361.00	
Total Other Assets	-2,361.00	
TOTAL ASSETS	3,275,362.22	
LIABILITIES & EQUITY		
Liabilities
Current Liabilities Accounts Payable
01-2020 · Accounts Payable	

63,674.18	
Total Accounts Payable	63,674.18	
Other Current Liabilities		
01-2024 · Due To Other Gov Units-Fishkind	750.02	
01-2025 · Deposits - Engr Deposit	107,469.50	
01-2026 · Deferred Revenue - SAD/TIF	1,115,823.81	
01-2027 · Due to CDD2	7,734.60	
01-2028 · Due to CDD3	-10,229.14	
01-2029 · Due to CDD4	23,739.47	
01-2030 · Due to CDD5	657,811.55	
01-2031 · Due to CDD6	17,068.21	
Total Other Current Liabilities	1,920,168.02	
Total Current Liabilities	1,983,842.20	
Total Liabilities	1,983,842.20	
Equity		
30000 · Opening Balance Equity	206,446.32	
99-9999 · Retained Earnings	1,005,609.25	
Net Income	79,464.45	
Total Equity	1,291,520.02	
TOTAL LIABILITIES & EQUITY	3,275,362.22	

03/31/22	Long Term Debt Balance Sheet
Accrual Basis	As of February 28, 2022

Feb 28, 22

ASSETS
Other Assets		
05-5151 · Amount Available in DSF (2019)	973,143.51	
05-5152 · Amount Available In DSF (2020)	788,430.58	
05-5153 · Amount Available In DSF (2021)	997,282.43	
05-5155 · Amount To Be Provided	25,231,143.48	
Total Other Assets	27,990,000.00	
TOTAL ASSETS	27,990,000.00	
LIABILITIES & EQUITY		
Liabilities
Long Term Liabilities
05-5217 · Special Assess Debt - CI (2019)	

6,650,000.00	
05-5218 · Special Assess Debt - CI (2020)	5,610,000.00	
05-5219 · Special Assessment Debt (2021)	15,730,000.00	
Total Long Term Liabilities	27,990,000.00	
Total Liabilities	27,990,000.00	
TOTAL LIABILITIES & EQUITY	27,990,000.00	

03/31/22	Profit & Loss Budget vs. Actual
Accrual Basis	October 2021 through February 2022

	Oct '21 - Fe...		Budget		$ Over Bud...		% of Budget	
Income
01-3100 · Assessments	
42,063.19		
45,006.33		
-2,943.14		
93.5%	
01-3830 · Assessment Fees	0.00		-1,800.25		1,800.25		0.0%	
01-3831 · Assessment Discounts	0.00		-1,800.25		1,800.25		0.0%	
01-9410 · Interest Income (GF)	0.10							
Total Income	42,063.29		41,405.83		657.46		101.6%	
Expense
01-1308 · Dissemination Agent	
0.00		
269.50		
-269.50		
0.0%	
01-1310 · Engineering	11,705.98		15,720.70		-4,014.72		74.5%	
01-1311 · Management Fees	1,312.27		2,795.59		-1,483.32		46.9%	
01-1315 · Legal Fees	1,536.62		4,311.97		-2,775.35		35.6%	
01-1317 · Travel and Per Diem	693.29		44.92		648.37		1,543.4%	
01-1318 · Assessment/Tax Roll	0.00		539.00		-539.00		0.0%	
01-1320 · Audit Fees	0.00		6,000.00		-6,000.00		0.0%	
01-1325 · Supervisor Fees	0.00		800.00		-800.00		0.0%	
01-1440 · Rents & Leases	5,978.00		1,482.24		4,495.76		403.3%	
01-1450 · Insurance	85.14		5,300.00		-5,214.86		1.6%	
01-1480 · Legal Advertisements	3.54		341.36		-337.82		1.0%	
01-1511 · Bank Fees	27.75		0.00		27.75		100.0%	
01-1512 · Miscellaneous	0.00		179.67		-179.67		0.0%	
01-1513 · Postage and Delivery	35.84		44.92		-9.08		79.8%	
01-1514 · Office Supplies	11.20		89.83		-78.63		12.5%	
01-1516 · Copies	32.46		224.58		-192.12		14.5%	
01-1518 · Web Site	312.50		750.00		-437.50		41.7%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	0.00		0.00		0.00		0.0%	
01-1600 · TIM Operations	19,863.42		0.00		19,863.42		100.0%	
01-1772 · SAD/TIF Rebate Analysis	6,083.34		2,336.55		3,746.79		260.4%	
Total Expense	47,856.35		41,405.83		6,450.52		115.6%	
Net Income	-5,793.06		0.00		-5,793.06		100.0%	

03/31/22	Balance Sheet
Accrual Basis	As of February 28, 2022

Feb 28, 22
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1076	556.90	
Total Checking/Savings	556.90	
Other Current Assets		
01-8200 · Due From CDD1	7,684.60	
Total Other Current Assets	7,684.60	
Total Current Assets	8,241.50	
TOTAL ASSETS	8,241.50	
LIABILITIES & EQUITY		
Equity
30000 · Net Assets, Unrestricted	
36,146.13	
99-9999 · Retained Earnings	-22,111.57	
Net Income	-5,793.06	
Total Equity	8,241.50	
TOTAL LIABILITIES & EQUITY	8,241.50	

03/31/22	Profit & Loss Budget vs. Actual
Accrual Basis	October 2021 through February 2022

	Oct '21 - Feb...		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
68,767.66		
74,575.21		
-5,807.55		
92.2%	
01-3830 · Assessment Fees	0.00		-2,983.01		2,983.01		0.0%	
01-3831 · Assessment Discounts	0.00		-2,983.01		2,983.01		0.0%	
Total Income	68,767.66		68,609.19		158.47		100.2%	
Expense
01-1308 · Dissemination Agent	
0.00		
527.79		
-527.79		
0.0%	
01-1310 · Engineering	22,412.84		30,789.21		-8,376.37		72.8%	
01-1311 · Management Fees	2,512.53		5,475.20		-2,962.67		45.9%	
01-1315 · Legal Fees	2,942.09		8,445.04		-5,502.95		34.8%	
01-1317 · Travel and Per Diem	1,327.41		87.97		1,239.44		1,508.9%	
01-1318 · Assessment/Tax Roll	0.00		1,055.63		-1,055.63		0.0%	
01-1320 · Audit Fees	0.00		6,000.00		-6,000.00		0.0%	
01-1325 · Supervisor Fees	0.00		800.00		-800.00		0.0%	
01-1440 · Rents & Leases	5,706.00		2,902.98		2,803.02		196.6%	
01-1450 · Insurance	163.02		5,300.00		-5,136.98		3.1%	
01-1480 · Legal Advertisements	6.78		668.57		-661.79		1.0%	
01-1511 · Bank Fees	53.13							
01-1512 · Miscellaneous	0.00		351.88		-351.88		0.0%	
01-1513 · Postage and Delivery	68.62		87.97		-19.35		78.0%	
01-1514 · Office Supplies	21.45		175.94		-154.49		12.2%	
01-1516 · Copies	62.16		439.85		-377.69		14.1%	
01-1518 · Web Site	312.50		750.00		-437.50		41.7%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1600 · TIM Operations	38,031.47							
01-1772 · SAD/TIF Rebate Analysis	11,647.46		4,576.16		7,071.30		254.5%	
Total Expense	85,442.46		68,609.19		16,833.27		124.5%	
Net Income	-16,674.80		0.00		-16,674.80		100.0%	

03/31/22	Balance Sheet
Accrual Basis	As of February 28, 2022

Feb 28, 22
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1084	50.60	
Total Checking/Savings	50.60	
Other Current Assets		
01-8200 · Due From CDD1	-10,279.14	
Total Other Current Assets	-10,279.14	
Total Current Assets	-10,228.54	
TOTAL ASSETS	-10,228.54	
LIABILITIES & EQUITY		
Equity
01-8801 · Equity Transfer	
0.13	
99-9999 · Retained Earnings	6,446.13	
Net Income	-16,674.80	
Total Equity	-10,228.54	
TOTAL LIABILITIES & EQUITY	-10,228.54	

03/31/22	Profit & Loss Budget vs. Actual
Accrual Basis	October 2021 through February 2022

	Oct '21 - Feb 22		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
82,212.30		
93,300.02		
-11,087.72		
88.1%	
01-3810 · Debt Assessment	0.00		200,225.21		-200,225.21		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-184,207.20		184,207.20		0.0%	
01-3830 · Assessment Fees	0.00		-11,741.01		11,741.01		0.0%	
01-3831 · Assessment Discounts	0.00		-11,741.01		11,741.01		0.0%	
01-9405 · Stormwater Fees	0.00		33,211.13		-33,211.13		0.0%	
Total Income	82,212.30		119,047.14		-36,834.84		69.1%	
Expense
01-1308 · Dissemination Agent	
0.00		
445.63		
-445.63		
0.0%	
01-1310 · Engineering	20,691.83		25,995.01		-5,303.18		79.6%	
01-1311 · Management Fees	2,319.60		4,622.64		-2,303.04		50.2%	
01-1315 · Legal Fees	2,716.17		7,130.06		-4,413.89		38.1%	
01-1317 · Travel and Per Diem	1,225.48		74.27		1,151.21		1,650.0%	
01-1318 · Assessment/Tax Roll	0.00		891.26		-891.26		0.0%	
01-1320 · Audit Fees	0.00		6,000.00		-6,000.00		0.0%	
01-1325 · Supervisor Fees	0.00		800.00		-800.00		0.0%	
01-1330 · Arbitrage Rebate Fee	0.00		1,340.56		-1,340.56		0.0%	
01-1440 · Rents & Leases	5,435.00		2,450.96		2,984.04		221.7%	
01-1450 · Insurance	150.50		5,100.00		-4,949.50		3.0%	
01-1480 · Legal Advertisements	6.26		564.46		-558.20		1.1%	
01-1511 · Bank Fees	49.05		0.00		49.05		100.0%	
01-1512 · Miscellaneous	0.00		297.09		-297.09		0.0%	
01-1513 · Postage and Delivery	63.35		74.27		-10.92		85.3%	
01-1514 · Office Supplies	19.80		148.54		-128.74		13.3%	
01-1516 · Copies	57.38		371.36		-313.98		15.5%	
01-1518 · Web Site	312.50		750.00		-437.50		41.7%	
01-1520 · Security	0.00		3,321.11		-3,321.11		0.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	220.55		1,443.68		-1,223.13		15.3%	
01-1600 · TIM Operations	35,111.15		0.00		35,111.15		100.0%	
01-1772 · TIF/SAD Rebate Analysis	10,753.08		3,863.60		6,889.48		278.3%	
01-1801 · Landscaping Maintenance	1,318.36		3,869.10		-2,550.74		34.1%	
01-1802 · Tree/Plant Replacement & Trim	0.00		2,989.00		-2,989.00		0.0%	
01-1805 · Stormwater Management (GF)	1,332.67		4,151.39		-2,818.72		32.1%	
01-1807 · Irrigation Parts & Repair	0.00		664.22		-664.22		0.0%	
01-1808 · Irrigation	0.00		166.06		-166.06		0.0%	
01-1809 · Field Management	364.74		1,328.45		-963.71		27.5%	
01-1810 · Engineering / Inspections	0.00		14,529.87		-14,529.87		0.0%	
01-1812 · Signage & Amenities Repair	21.61		830.28		-808.67		2.6%	
01-1814 · Electricity	47.25		2,075.70		-2,028.45		2.3%	
01-1815 · Miscellaneous Maintenance	4,397.48		0.00		4,397.48		100.0%	
01-1816 · Building Maintenance	0.00		83.03		-83.03		0.0%	
01-1818 · Fountain Maintenance & Chemical	646.04		830.28		-184.24		77.8%	
01-1820 · Contingency	0.00		8,302.78		-8,302.78		0.0%	
01-1822 · Pest Control	4.10		166.06		-161.96		2.5%	
01-1823 · Mitigation Maintenance	2,127.67		6,808.28		-4,680.61		31.3%	
01-1825 · Lake Maintenance	1,237.88		3,736.25		-2,498.37		33.1%	
01-1827 · Sidewalk Cleaning	0.00		2,490.83		-2,490.83		0.0%	
01-1828 · Streetlight Maintenance	0.00		166.06		-166.06		0.0%	
Total Expense	90,804.50		119,047.14		-28,242.64		76.3%	
Net Income	-8,592.20		0.00		-8,592.20		100.0%	

03/31/22	Balance Sheet
Accrual Basis	As of February 28, 2022

Feb 28, 22
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1092	50.60	
Total Checking/Savings	50.60	
Other Current Assets		
01-8200 · Due From CDD1	53,720.51	
Total Other Current Assets	53,720.51	
Total Current Assets	53,771.11	
TOTAL ASSETS	53,771.11	
LIABILITIES & EQUITY		
Equity
01-8801 · Equity Transfer	
0.13	
99-9999 · Retained Earnings	62,363.18	
Net Income	-8,592.20	
Total Equity	53,771.11	
TOTAL LIABILITIES & EQUITY	53,771.11	

03/31/22	Profit & Loss Budget vs. Actual
Accrual Basis	October 2021 through February 2022

	Oct '21 - Feb 22		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
371,362.20		
416,641.75		
-45,279.55		
89.1%	
01-3810 · Debt Assessment	0.00		704,605.00		-704,605.00		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-648,236.60		648,236.60		0.0%	
01-3830 · Assessment Fees	0.00		-44,849.87		44,849.87		0.0%	
01-3831 · Assessment Discounts	0.00		-44,849.87		44,849.87		0.0%	
01-6000 · Developer Contribution	0.00		1,113,700.00		-1,113,700.00		0.0%	
01-9405 · Stormwater Fees	0.00		350,453.98		-350,453.98		0.0%	
01-9410 · Interest Income (GF)	5.90							
Total Income	371,368.10		1,847,464.39		-1,476,096.29		20.1%	
Expense
01-1308 · Dissemination Agent	
0.00		
1,082.33		
-1,082.33		
0.0%	
01-1310 · Engineering	42,112.69		63,135.65		-21,022.96		66.7%	
01-1311 · Management Fees	4,720.93		11,227.32		-6,506.39		42.0%	
01-1315 · Legal Fees	5,528.05		17,317.21		-11,789.16		31.9%	
01-1317 · Travel and Per Diem	2,494.15		180.38		2,313.77		1,382.7%	
01-1318 · Assessment/Tax Roll	0.00		2,164.65		-2,164.65		0.0%	
01-1320 · Audit Fees	0.00		6,000.00		-6,000.00		0.0%	
01-1325 · Supervisor Fees	0.00		800.00		-800.00		0.0%	
01-1330 · Arbitrage Rebate Fee	0.00		3,255.90		-3,255.90		0.0%	
01-1332 · Field Management	6,106.74		14,018.16		-7,911.42		43.6%	
01-1440 · Rents & Leases	9,771.00		5,952.79		3,818.21		164.1%	
01-1450 · Insurance	306.31		9,000.00		-8,693.69		3.4%	
01-1480 · Legal Advertisements	12.74		1,370.95		-1,358.21		0.9%	
01-1511 · Bank Fees	99.83		0.00		99.83		100.0%	
01-1512 · Miscellaneous	0.00		721.55		-721.55		0.0%	
01-1513 · Postage and Delivery	128.94		180.39		-51.45		71.5%	
01-1514 · Office Supplies	40.30		360.78		-320.48		11.2%	
01-1516 · Copies	116.79		901.94		-785.15		12.9%	
01-1518 · Web Site	312.50		750.00		-437.50		41.7%	
01-1520 · Security	0.00		35,045.40		-35,045.40		0.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	3,692.68		3,506.35		186.33		105.3%	
01-1600 · BEEP - Capital	0.00		720,000.00		-720,000.00		0.0%	
01-1601 · BEEP - O&M	71,459.36		393,700.00		-322,240.64		18.2%	
01-1772 · SAD/TIF Rebate Analysis	21,885.03		9,383.76		12,501.27		233.2%	
01-1801 · Landscaping Maintenance	22,072.61		40,827.89		-18,755.28		54.1%	
01-1802 · Tree/Plant Replacement & Trim	0.00		31,540.86		-31,540.86		0.0%	
01-1805 · Stormwater Management (GF)	22,312.22		43,806.75		-21,494.53		50.9%	
01-1806 · Lake Maintenance	20,725.14		39,426.07		-18,700.93		52.6%	
01-1807 · Irrigation Parts & Repair	0.00		7,009.08		-7,009.08		0.0%	
01-1808 · Irrigation	0.00		1,752.27		-1,752.27		0.0%	
01-1810 · Engineering / Inspections	0.00		153,323.61		-153,323.61		0.0%	
01-1812 · Signage & Amenities Repair	361.83		8,761.35		-8,399.52		4.1%	
01-1814 · Electricity	791.15		21,903.37		-21,112.22		3.6%	
01-1815 · Mitigation Maintenance	35,622.31		71,843.07		-36,220.76		49.6%	
01-1816 · Building Maintenance	0.00		876.13		-876.13		0.0%	
01-1818 · Fountain Maintenance & Chemical	10,816.42		8,761.35		2,055.07		123.5%	
01-1820 · Contingency	0.00		87,613.49		-87,613.49		0.0%	
01-1822 · Pest Control	68.71		1,752.27		-1,683.56		3.9%	
01-1826 · Streetlights	0.00		1,752.27		-1,752.27		0.0%	
01-1829 · Sidewalk Cleaning/Repair	0.00		26,284.05		-26,284.05		0.0%	
01-1830 · Misc Maintenance	73,624.42		0.00		73,624.42		100.0%	
Total Expense	355,357.85		1,847,464.39		-1,492,106.54		19.2%	
Net Income	16,010.25		0.00		16,010.25		100.0%	

03/31/22	Balance Sheet
Accrual Basis	As of February 28, 2022

Feb 28, 22

ASSETS
Current Assets Checking/Savings		
01-1000 · Valley National 1106	3,286.64	
Total Checking/Savings	3,286.64	
Other Current Assets		
01-8154 · Deposits	4,256.00	
01-8200 · Due From CDD1	598,672.57	
01-8201 · Due from Other Funds	3,553.00	
Total Other Current Assets	606,481.57	
Total Current Assets	609,768.21	
TOTAL ASSETS	609,768.21	
LIABILITIES & EQUITY		
Liabilities
Current Liabilities
Other Current Liabilities 01-2025 · Due to CDD1	

-56,560.00	
Total Other Current Liabilities	-56,560.00	
Total Current Liabilities	-56,560.00	
Total Liabilities	-56,560.00	
Equity		
30000 · Opening Balance Equity	6,979.39	
99-9999 · Retained Earnings	643,338.57	
Net Income	16,010.25	
Total Equity	666,328.21	
TOTAL LIABILITIES & EQUITY	609,768.21	

03/31/22	Profit & Loss Budget vs. Actual
Accrual Basis	October 2021 through February 2022

	Oct '21 - Feb 22		Budget		$ Over Budget		% of Budget	
Income
01-3100 · Assessments	
67,487.99		
103,342.43		
-35,854.44		
65.3%	
01-3810 · Debt Assessment	0.00		64,432.95		-64,432.95		0.0%	
01-3820 · Debt Assess-Paid To Trustee	0.00		-59,278.31		59,278.31		0.0%	
01-3830 · Assessment Fees	0.00		-6,711.02		6,711.02		0.0%	
01-3831 · Assessment Discounts	0.00		-6,711.02		6,711.02		0.0%	
01-9405 · Stormwater Fees	0.00		16,334.90		-16,334.90		0.0%	
Total Income	67,487.99		111,409.93		-43,921.94		60.6%	
Expense
01-1308 · Dissemination Agent	
0.00		
632.78		
-632.78		
0.0%	
01-1310 · Engineering	17,616.87		36,911.91		-19,295.04		47.7%	
01-1311 · Management Fees	1,974.89		6,563.99		-4,589.10		30.1%	
01-1315 · Legal Fees	2,312.53		10,124.41		-7,811.88		22.8%	
01-1317 · Travel and Per Diem	1,043.37		105.46		937.91		989.4%	
01-1318 · Assessment/Tax Roll	0.00		1,265.55		-1,265.55		0.0%	
01-1320 · Audit Fees	0.00		6,000.00		-6,000.00		0.0%	
01-1325 · Supervisor Fees	0.00		800.00		-800.00		0.0%	
01-1330 · Arbitrage Rebate Fee	0.00		1,903.54		-1,903.54		0.0%	
01-1440 · Rents & Leases	5,706.00		3,480.27		2,225.73		164.0%	
01-1450 · Insurance	128.13		5,300.00		-5,171.87		2.4%	
01-1480 · Legal Advertisements	5.33		801.52		-796.19		0.7%	
01-1511 · Bank Fees	41.76		0.00		41.76		100.0%	
01-1512 · Miscellaneous	0.00		421.85		-421.85		0.0%	
01-1513 · Postage and Delivery	53.94		105.46		-51.52		51.1%	
01-1514 · Office Supplies	16.86		210.93		-194.07		8.0%	
01-1516 · Copies	48.85		527.31		-478.46		9.3%	
01-1518 · Web Site	312.50		750.00		-437.50		41.7%	
01-1520 · Security	0.00		1,633.49		-1,633.49		0.0%	
01-1540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
01-1550 · Trustee Fees (GF)	118.02		2,049.97		-1,931.95		5.8%	
01-1600 · BEEP	29,893.38		0.00		29,893.38		100.0%	
01-1772 · SAD/TIF Rebate Analysis	9,155.10		5,486.16		3,668.94		166.9%	
01-1801 · Landscaping Maintenance	705.46		1,903.02		-1,197.56		37.1%	
01-1802 · Tree/Plant Replacement & Trim	0.00		1,470.14		-1,470.14		0.0%	
01-1805 · Stormwater Management (GF)	713.11		2,041.86		-1,328.75		34.9%	
01-1806 · Lake Maint	662.39		1,837.68		-1,175.29		36.0%	
01-1807 · Irrigation Parts & Repair	0.00		326.70		-326.70		0.0%	
01-1808 · Irrigation	0.00		81.67		-81.67		0.0%	
01-1809 · Field Management	195.17		653.40		-458.23		29.9%	
01-1810 · Engineering / Inspections	0.00		7,146.52		-7,146.52		0.0%	
01-1812 · Signage & Amenities Repair	11.56		408.37		-396.81		2.8%	
01-1814 · Electricity	25.28		1,020.93		-995.65		2.5%	
01-1815 · Miscellaneous Maintenance	2,353.10							
01-1816 · Building Maintenance	0.00		40.84		-40.84		0.0%	
01-1818 · Fountain Maintenance & Chemical	345.70		408.37		-62.67		84.7%	
01-1820 · Contingency	0.00		4,083.72		-4,083.72		0.0%	
01-1822 · Pest Control	2.19		81.67		-79.48		2.7%	
01-1825 · Mitigation Maintenance	1,138.52		3,348.65		-2,210.13		34.0%	
01-1826 · Sidewalk Cleaning/Repair	0.00		1,225.12		-1,225.12		0.0%	
01-1827 · Streetlight	0.00		81.67		-81.67		0.0%	
Total Expense	74,755.01		111,409.93		-36,654.92		67.1%	
Net Income	-7,267.02		0.00		-7,267.02		100.0%	

03/31/22	Balance Sheet
Accrual Basis	As of February 28, 2022

Feb 28, 22
ASSETS
Current Assets
Checking/Savings		
01-1000 · Valley National 1114	50.60	
Total Checking/Savings	50.60	
Other Current Assets		
01-8200 · Due From CDD1	33,087.90	
Total Other Current Assets	33,087.90	
Total Current Assets	33,138.50	
TOTAL ASSETS	33,138.50	
LIABILITIES & EQUITY		
Equity
99-9999 · Retained Earnings	
40,405.52	
Net Income	-7,267.02	
Total Equity	33,138.50	
TOTAL LIABILITIES & EQUITY	33,138.50