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07/19/2013 AgendaFILED #43 ^',4TY, FLORIQA 'ff� �C D Z "of Ih Jonds Community Improvement District Board ofSupe Gf Norine Dillon, Chairperson Calvin Teague, District Manager Theodor Bissell, Vi CaURTS Daniel Cox, District Counsel Richard Ziko, Assis� dpt� Ronald Benson, District Engineer Dale Lambert, Assistant Secretary Joel Anthony (Tony) D ssistant Secret R Y r Regular Meeting Agenda Friday, July 19, 2013 — 10:00 a.m. 1. Call to Order and Roll Call 2. Approval of the Minutes of the June 21, 2013 Meeting 3. Public Comment Period 4. Old Business A. Review of Landscape Maintenance Performance B. Update on Community Landscape Design Project 5. New Business 6. District Manager's Report A. Approval of the June,30, 2013 Financial Statements and Check Register B. Discussion of Maintenance Cap Accounting C. Consideration of Engagement Letter with Berger, Toombs, Elam, Gaines & Frank to Perform the Audit for Fiscal Year 2013 D. Questions and Comments on the Modified Tentative Budget for Fiscal Year 2014 7. Field Manager's Report A. Discussion of July 2013 Operations Report B. Approval of Sidewalk Repairs i. Work Authorization No. 44680 — Windward Cay ii. Work Authorization No. 44682 — Sunset Cay iii. Work Authorization No. 44683 — Cays Drive C. Approval of Work Authorization No. 43090 for Storm Drain Maintenance 8. Attorney's Report A. Update on North Hotel Bankruptcy Proceedings B. Update on Liquidated Damages from Xlyem Water Solutions USA (ITT Technologies) 9. Engineer's Report A. Update on Lot 45 Drainage Swale Agreement 10. Supervisors' Requests 11. Public Comment Period 12. Closed Attorney /Client Session (Supervisors and Attorney Only) A. Call to Order and Roll Call B. Commencement of Attorney /Client Session C. Adjournment of Attorney /Client Session 13. Recommencement of Regular Meeting 14. Adjournment The next meeting is scheduled for Friday, August 16, 2013, at 10:00 a.m. Se.M Trent SeMM. ft. 5911 Cooney lakes omro F.A My—, FWda 33905 239 - 245.7118 Mp'OPocid." aesDnq LnsA n: omm CwsCOU`Q- 25005 P—k L- NqW, FWde 94114 23947DC908 AiProject Bid Summary Log District /Community Port of the Islands Project Manager Tennille Adams Overview Type of Contractor Landscape Design /Irrigation Project Title Landscape Qualifications Date Completed July 5, 2013 Allegro Group [ x ] N/A Juniper Landscaping [ x ] N/A ValleyCrest Landscape [ x ] N/A Mainscape Landscape [ ] N/A No response l] [l Landscape Management Divisiain 800-464-9668 fij TvV FL, ILL ►rims U-semice 1(s 4)ur aniaAng auk of Romb. Havdig mOved WOng frorn 171c)64;i. i.nw,�ts4y havdci,ilutral pmgmw& on bdbve ow- gWding pruicLplc-s axid Oofml-t"Lxlo.e.t-o' mi dtF"Stg g1l., roy jnteuaace voil sm us apail. Viral &o .<1' : &V FL, LLC. is compnv.-d.3'-fiL;;F. Op='Ag t'c-t irm-n7,-,12j.ed to [ }fl" vidt til.e besi. c-11-0--stop ;).P oi yout 1aMdSCq3e Sawd nceh, Fach diviiioll ts i'(') ta(.0 ias'ks and xiwrw Ou.r goal is to Ws- dic highns qualu; work, 15WQUU017'0. s-harc. tars,-.iC !�V CI'Th-toa-Lize_ our my prsi:i-rival "ije:r'ts maF have, el ALLEGRO GROUP OF SW FL, LLC Landscape Management Division 800 -454 -9668 Community Development References• Lsly Resort CDD Black Bear Ridge Community Secoya Reserve Community Professional Villages, Hodge's University, Naples Campus Current Client References.• Revonda Stewart, CAM, Stock Deve opment (239) 449 -6216 Rick Knoll, CAM, Alliance Management (239) 642 -1948 Russell Williams, CAM, SW Property Management (239) 494 -6662 Keith Gelder, Land Development, Stock Development (239) 592 -7344 Financial References: Regions Bank, Tarpon Bay Office, Naples, FL. Lisa Land, Branch Manager, (239) 596 -3640 Vendors: Coastal Landscape Supply, Bonita Springs, FL. John Deere Landscape Supply, Naples, FL. 15275 (.sloe+- 8{vct. 0201 -282, Maples, t =L 34119 .. , t itifo(r�alleyr�yroupfl.com Adams, Tennille From: Dan deMont <Dan @JuniperLandscaping.com> Sent: Tuesday, July 02, 2013 3:53 PM To: Adams, Tennille Subject: RE: Port of the Islands - Landscape Design Attachments: Recommendations.docx; DSC_0248 - Copy.1PG; DSC_0464JPG; photo_ 00000482- 680x382jpg; BIA Awards 2012.pdf, Development Only (Over 25K).pdf, Custom Residential Only (Over 25K).pdf, Commercial Only (Over 25K).pdf; Government Projects Only (Over 25K).pdf Tennille, Are you looking to develop a design for the entire property or are we leaving out single family for example? We can design landscape and irrigation for approximately $10,000.00 and $5,000.00 respectively. Depending on the scope of work of course. In addition to just design, we can assist you in the following: permitting with the county and water management, submittals, development orders, bid review, construction management, etc. We are also a complete landscape construction firm. The references and accolades included will attest to our competencies on both design and construction. I've attached our awards and other recommendations we've received most recently as well as projects we've either built, designed or both. If there is an opportunity, we have about a one hour presentation we can do to go over our services, references and abilities. Thanks. Professional Registrations: Florida Registered Landscape Architect # LA6666825 American Society of Landscape Architects Member since -1998 Full Member since — 2005 Awards: 2011— Who's Who in Landscape Architecture Publication 2008 - 2 x 4 Ranch Design Competition Winner 2003 - ASLA Award of Merit Private Residence - Port Royal 2002 - CBLA - Sand Dollar Award Private Residence - The Vineyards, Naples 2000 - Michael Gilkey Jr Award 1999 - Sebold Scholarship Award 1998 - Taylor County Park Design Competition Winner 1997 - Member in book of Who's Who Class Scholars Professional / Civic Affiliations: American Society of Landscape Architects Estero Design Review Board Chairman / Committee Member ASLA - Government Affairs Committee of SW Florida Member & Past Co -Chair ASLA - SW Florida Chapter Past Co- Chair - 2001 -2002 Sigma Lambda Alpha - Professional Fraternity of Landscape Architects Dail d,--Mont Recommendations: "Not only is Bob a a great Landscape Architect, but he is also a great designer. He is very creative, imaginative, and hard working. He has the ability to combine a sense of artistry and practicality to his designs. Bob strives to meet the clients' needs and wants and can anticipate both before the client is even aware of these requirements themselves." Brian Benton- CAD Specialist Grady Minor "Bob has been instrumental in several projects that I have worked. It is always a pleasure to work with Bob or refer him to others to provide his services. His work is creative and detailed. While working with Bob you continue to receive new information and offers options that you can consider with confidence. I would refer Bob to any client and hope to work with him on another project in the near future." Top qualities: Great Results, Expert, Creative James Puccio- Land Attorney "Bob is a great person to work with. He has the ability to look outside the normal design to come up with something innovative. He is able to produce conceptual plans fast and efficiently with local government and permitting criteria in mind without loosing that creativity. It was a pleasure to work with Bob and I look forward to having the opportunity to work with him in the future." Mike Nets- Civil bn.gineer "Bob is one of the most naturally talented Landscape Architects that I have had the pleasure of working with. His site planning skills are the best I've ever seen and all his design work is done in Cadd, which helps me ensure that my clients are getting a real buildable plan. The level of independence he displays in his work is an asset. Also, his understanding of local codes and engineering considerations are reflected in his design work." Walter Fiuegel, MBA, AICP Senior Planner City of Fort Myers Beach Bob Is very talented, hard working, a pleasure to work with, and a national award winning Landscape Architect. I've always enjoyed watching Bob's designs become physical realities. I believe he's the BESTI Chris Bracken General Contractor Juniper 4W lien Asterisk Luxury Homes Avalon Communities Avalon Professional Associates Avalon Professional Associates Avalon Professional Associates Bentley Village Brooks & Freund Bundschu Kraft Bundschu Kraft Butler Concordia Development Copperhead Daniel Wayne Homes DR Horton Projects over $25,000 Development ciail harbour Avalon Preserve Avalon Professional Center Landscape General Projects Avalon Professional Center Irrigation Bentley Village Casa San Juan Bosco Housing Daniels Falls Phase I Powers Court butler Apartments Concordia Copperhead Golf Community Horse Creek Valencia DR Horton 25 Communities- 201 2 DR Horton Bella Vida DR Horton RiverClu6 DR Horton Tim6erwalL DR Horton Catalina DR Horton The Grove DR Horton Pennington Place DR Horton Ventura Village DR Horton Sandoval DR Horton horse Creek DR Horton Promenade DR Horton Heritage Creek DR Horton Rio Villa (,_.ales DR Horton Stillwater DR Horton Magnolia Landing DR Horton Palmir-s From 2005 to Present Contract Value $ 940,228.08 $ 433,015.59 $ 59,229.75 $ 49,216.75 $ 32,300.00 $ 575,046.00 $ 156,197.25 $ 296,816.00 $ 91,480.24 $ 29,523.42 $ 646,034.30 $ 31,289.50 $ 653,157.85 $ 2,665,569.60 $ 1,464,456.00 $ 1,401,697.90 $ 1,249,438.08 $ 1,041,936.60 $ 970,838.63 $ 864,194.72 $ 396,424.42 $ 238,988.00 $ 235,148.78 $ 179,519.98 $ 129,916.51 $ 117,160.97 $ 116,105.01 $ 92,007.50 $ 86,072.95 $ 76,610.35 juniper jW li nt DR Horton DR Horton DR Horton DR Horton DR Horton Harbour Isle Y &R Club Lauris Boulanger Levitt & Sons Levitt & Sons Newport Bay Pacifica Group Pine Ridge HOA Vasari Country Club Victoria Riverwalk Apartments Projects over $ 25,000 From 2005 to Present I` ontract Value Il Regalo $ 75,416.82 San Simeon $ 67,162.15 Terra Vista $ 52,347.83 Otter fend $ 40,621.15 Citrus Creek $ 27,914.90 har6our Isle Irrigation F nhancement $ 118,912.72 Co66lestone (Monte Carlo) $ 78,472.73 Cascades @ River hall $ 840,001.23 San Simeon $ 705,899.98 Fairwinds $ 84,964.25 Mer 5oleil $ 73,550.66 Pine Ridge @ Fort Myers Village $ 79,566.00 Vasari Country Club E). ferW,il $ 49,894.00 Victoria Riverwalk Apartments $ 114,394.60 jVProtects over $ 25,000 From 2005 to Present Juniper Custom 1Zesidential Castle Harbour Homes General Proiects $ 33,000.00 Cypress Homes General Projects $ 135,905.90 Daniel Wayne Homes Dodrill Residence $ 31,563.50 Fabing Pa6ing Residence $ 26,257.50 Florida Lifestyle Homes Muttart Residence $ 36,073.55 Florida Lifestyle Homes Worn, Residence $ 33,814.50 Gargiula Construction 5c6wartz Residence $ 90,798.11 Gulliford Gulliford Residence $ 46,917.80 Harrelson Harrelson Residence $ 61,275.00 Hawkins Hawkins Residence $ 26 588.50 Holland Holland Residence $ 29 773.00 Kolshak Kolskak Residence $ 43,742.00 Lavoie Lavoie Residence $ 45,836.00 Pratt Pratt Rcsidence $ 26,084.00 Romer Romer Residence $ 27,930.00 Royal Corinthian Homes Model CenterVeranc[A $ 61,272.00 Royal Corinthian Homes General Projects $ 31,988.00 Ruffino Kuffino Residence $ 28,932.00 Stevens `jtevens Residence $ 107,026.05 Wolper Wolper Residence $ 86,538.00 JunVAP iper LL nt Projects over $25,000 E sect From 2005 to Present Commercial BCBE Chase bank Rattlesnake $ 40,795.52 BCBE Chase gjank- McGregor $ 25,700.00 Benderson Development Cypress Woods Commercial $ 262,925.00 Benderson Development Colonial Fowler Plaza $ 32,280.00 Brinker International Chili's $ 37,491.50 Brooks & Freund Magdalena $ 132,296.40 Brooks & Freund Naples Church of Christ $ 129,772.00 Brooks & Freund Forum `jhops $ 86,097.00 Brooks & Freund R & L Carriers Truck Terminal $ 66,815.00 Brooks & Freund Pavese Law Firm $ 66,489.49 Brooks & Freund North Port Family Service Center $ 39,169.00 Brooks & Freund Cypress Lake Office Park Phase 1 $ 36,907.00 Brooks & Freund Sy's 5uppl y $ 30,146.00 Bundschu Kraft General Projects $ 87,069.33 Burk Burks Plaza $ 29,146.00 Chinook Construction Keiseruniversity $ 111,416.44 Compass Construction Prairie Pines $ 33,780.00 Creighton Development bonefish Plaza $ 116,667.70 Creighton Development College Plaza $ 37,045.00 Evans Wagner Forum Commons Phase 1 $ 136,668.20 FP &L Florida Power & Light $ 29,731.30 Gamma Construction Cypress Gardens $ 33,231.50 Gates - Haskell Leejar Regional 5erviceCenter $ 158,726.58 GCM Contracting Solutions SW FL Executive Valet Parking $ 121,713.00 GCM Contracting Solutions Three Oaks Town Center $ 37,138.00 Heart Construction General Projects $ 81,117.50 i Constructors General Projects $ 53,065.50 Integra Construction Manheim Car Auction $ 146,443.00 JL Wallace Esperanza Place $ 114,717.23 A Wallace Twin Plaza $ 31,226.00 ju nip J6 e Y Projects over $25,000 From 2005 to Present I� lent P ° ect Contract Value 1L Wallace Home Depot Center Lot 6 Phase 1 $ 31,158.93 Malcolmson Construction Walgreens # 1515 6 $ 29,877.00 Marshall Erdman & Associates Page Field Medical Village $ 90,951.75 Mitchell Mitcheil & Mitchell DDS $ 29,336.06 Nu -Cape Construction General Frojects $ 58,853.00 Nu -Cape Construction Florida Cancer Specialist Fhase 1 $ 56,881.00 Nu -Cape Construction La6oda Medical Office Fhase 11 $ 34,465.00 One Source Construction image Graphics Solutions $ 78,883.00 Owen Ames Kimball Health Park $ 543,017.75 Owen Ames Kimball Hope Hospice gonita,5prings $ 208,539.70 Owen Ames Kimball Tommie barFiel(l Elementary School $ 46,610.00 Owen Ames Kimball Tri6ute Gardens ® Cape Hospice $ 45,863.00 Owen Ames Kimball Oak Hammock Office Park E)uilding4 $ 42,469.00 Owen Ames Kimball Health Park Community Center $ 40,576.00 Owen Ames Kimball College Pkwy Frofessional Center $ 36,300.00 Radiology Regional Center Radiology Regional Center Fort Myers Phase { $ 36,803.04 RD Michaels AE)C Fine Wine # 166 Napics $ 67,336.00 RD Michaels A5C Fine Wine # 109 North Fort $ 29,929.00 RE Jacobs Group university Flaza Fhase 11 $ 47,114.02 Rizzetta & Company General Projects $ 32,500.00 Ryan Companies US Ro66 6, Stucky Warehouse $ 182,935.00 Ryan Companies US Ro66 & Stucky Distribution Center $ 25,850.00 Stevens Construction (Highlands County Hospice House $ 141,870.00 Stevens Construction Gorovoy Cornea /Laser $ 64,149.62 Stevens Construction Collins Vision $ 55,649.44 Sun & Fun Sun & Fun $ 64,345.00 Sun Trust Bank Sun Trust E)ank $ 25,233.00 Taylor Pansing American Legion $ 55,804.89 US General Construction Race Trac #95 $ 55,176.45 US General Construction Race Trac #202 $ 30,986.06 Wright Construction General Frojects $ 174,674.00 �� � � �� t Y � ` � '. �. ��t�� i1 l � t, l �� �� � � �� t Y � ` � '. �. ��t�� i1 l � t, l Junipevow �,, Projects over $25,000 From z.005 to Present lient F r.o mm Cct Contract Value Go'vvemment Balfour Beatty Santa f)ar6ara f)Ivd Phase III $ 609,937.27 Biltmore Construction Charlotte County health Department $ 78,208.00 Brooks & Freund South Road Alignment $ 42,495.00 Bundschu Kraft Lee Sheriff Evidence Facility $ 52,991.00 Cardinal Contracting Lehigh Acres Water Treatment $ 111,275.00 Charlotte County BOCC i Gateway L_andscapingFkase 1 $ 35S,000.00 Charlotte County BOCC U5 17 Medians $ 215,004.23 Charlotte County BOCC General Projects $ 50,893.14 Chris Tel Construction Terry Park gase6all Stadium $ 53,043.00 Cypress Commercial Six Mile Cypress Road $ 67,061.49 Highlands County 0527 Median Project $ 141,940.47 A Wallace Tice Fire Dept. $ 30,307.00 Lee County BOCC Three Oaks Parkway Improvement $ 623,764.31 Lee County BOCC Plantation Road Extension $ 87,531.80 Lee County Parks & Recreation Boston Red Sox Spring Training Facility $ 96,372.00 Lodge Construction Wa Ke Hatchee Park $ 167,940.32 Lodge Construction Fort Myers-Lee County L,.i6rary $ 112,577.00 Lodge Construction Matlacha /Pine island Fire $ 48,415.00 One Source Construction Fort Myers Middle School Academy $ 33,088.09 Collier County Schools Golden Gate Interm School $ 47,021.70 The City of Punta Gorda General Frojects $ 48,941.00 Juniper Recent jnc ustrq �warJ5 e • 2012 Lee BIA Pinnacle Award: Landscape Design /Build Firm of the Year • 2012 Lee BIA Pinnacle Award: Best Landscape Design 'Buttonwood Harbor Residence' • 2012 Sand Dollar Award: Best Landscape Design 'Muttart Grande' • 2011 Lee BIA Merit Award: Santa Barbara Blvd • 2011 Lee BIA Pinnacle Award: Lavoie Residence • 2011 Lee BIA Pinnacle Award: Pine Villa Residence • 2010 Sand Dollar Award: Bentley Village • 2010 Lee BIA Summit Award: Bentley Village Dan aemont 5880 Staley Road, FrrL Mvefs, Ei. 33905 Offic? 1239) 561 -5980 Fare: ;239{ 551-:595 Cell (239) 340 -6881 [mail @ Brandon@jvniperlangS. _ ng.. grr! Visii: tis @ wwwluninerlandscapinE-com Adams, Tennille From: Eduardo Torrens <ETorrens @valleycrest.com> Sent: Wednesday, July 03, 2013 2:56 PM To: Adams, Tennille Subject: Port of the Island Community Landscape Enhancements Attachments: VCLM_Enhancements_ e- Brochurel.pdf; VCLM FL_e- Brochurel.pdf; VCLM_HOA e- Brochurel.pdf Hi Tennille: Attached are several brochures, in which ValleyCrest has done landscape installations. In these brochures you can see that we provide landscape designs for different types of properties: residential, commercial, hotels, etc... To better assist your property's landscape needs, we can schedule a meeting to discuss what you will like to change and what your concerns are in regards to your landscape. At ValleyCrest we provide digital imaging to show the before and after of how a landscape should look. After discussing the digital imaging, we can make changes to the proposed landscape before the installation. We can meet and you can explain to me what you will want to accomplish with your future landscape. I look forward to working with you. Thank You, Eduardo Torrens Estimator /Designer ValleyCrest Landscape Maintenance 0:(239)267-8707 C: (239)691 -4506 T y, 3 t<3F r � "r t i g S ��ti Syr' �Y'��` �^ � �) '• � �': y �,� P � r& r v � rest a 3�: lvat scap kMn ance s 4'b. \ \ \ . w - .- 7w 7 qtr m 6 0 y m c m w y c O N c @ V c y o y _r" i LL 2 Y N > Q C OJ N O W C O C y O L u 6 ,y m O N C m -5 M w M 9 N ji m m O N 3 G y, Y l0 aC+ > x i rti t�0 ,y L u T a ti m {o y m Y T O m Q r m m O ? 2 ro c >y z rn X C Q .J m u 7 J7 F N n � m CJ y y 6 .0 T y N r ' y 3 t y _ >' J 7D- :3 ; O C N Q y Y t i� s x a r a Y L ' � 3sirei� N�P�f L✓ Y t i� 9 t ' r - w t � r F Y u, iF C Irk, 1, X a r f: t 1 f: A •� rir } J +++777 {r 4g 4' M lit, >s w k 4 +C � Yt. ' LL o a r c `ID roll ValleyCrest Landscape Maintenance 24151 Ventura Boulevard, Calabasas, California 91302 (818) 223 -8500 www.valleycrest.com nn [j]0 FL. � f• r a ' Y b a 4p } � Z J � c K i � ak �H. f' R tx Aa popr72 bbw.l z. Cow" f N A. al I eyCrest ?I' L& 683-1922 wvwv." a in- I moorpor -CA OK� University . ; 41 TtL RESOLUTION 2013 -6 A RESOLUTION OF THE PORT OF THE ISLANDS COMMUNITY IMPROVEMENT DISTRICT CREATING ARTICLE SECTIONS THROUGH PROVIDING FOR RULES OF PROCEDURE FOR MEETINGS OF THE BOARD OF SUPERVISORS; CONTAINING A SEVERABILITY CLAUSE; CONTAINING AN EFFECTIVE DATE RECITALS A. The Board of Supervisors of the Port of the Islands Community Improvement District recognizes that a proper and legitimate public purpose is served when members of the public have a reasonable opportunity to be heard on a proposition before the Board of Supervisors under consideration for action by the Board. B. The Board also recognizes the need for orderly and efficient conduct of the meetings of the Board. C. These Rules of Procedure for Meetings of the Board of Supervisors are adopted to ensure the goals of orderly and efficient meetings are realized while protecting the public purpose served by dialogue with constituents affected by the decisions of the Board. NOW, THEREFORE, BE IT RESOLVED THAT: SECTION 1. Chapter_____, Article. Rules of Procedure for Meetings of the Board of Supervisors are hereby created to read as follows: ARTICLE _ RULES OF PROCEDURE Section 1. Authority Section 190.011(5), Florida Statutes, grants the Board of Supervisors the authority to adopt rules and orders pursuant to the provisions of Chapter 120 prescribing the conduct of the business of the District. The set of rules set forth within this Article shall be in effect upon their adoption by the Board and until such time as they are amended or new rules adopted. These rules are for the purpose of guidance to assist in the orderly conduct of the meeting; no action of the Board shall be deemed void or invalid by virtue of the Board's failure to follow these rules. Section 2. General Rules (a) Meetings to be Public: All meetings of the Board shall be open to the public, except as otherwise provided by law. (b) Quorum: A majority of the members of the Board shall constitute a quorum and is necessary for the transaction of business. If a quorum is not present, those in attendance may continue the meeting to another date. (c) Right of Floor: Any Supervisor or member of the public desiring to speak shall be recognized by the Chair, and shall confine his or her remarks to one subject under consideration. (d) District Manager: The District Manager or his/her designee shall attend all meetings of the Board unless excused. The District Manager may make recommendations to the Board and shall have the right to take part in all discussions of the Board, but shall have no vote. (e) District Attorney: The District Attorney or his/her designee shall attend all meetings of the Board unless excused and shall, upon request, give an opinion, either written or oral, on questions of law. The District Attorney shall act as the Board's parliamentarian. (f) District Clerk: The District Clerk or his/her designee shall keep the official journal (minutes) and perform such other duties as may be requested. (g) Officers and Employees: Department heads of the District, when there is pertinent business from their departments on the Board agenda, shall attend such Board meetings when requested by the District Manager or Board. (h) Rules of Order: "Roberts Rules of Order Revised" shall rule the proceedings of the Board in all cases, unless they are in conflict with these rules; provided said rules and their application shall be administered by the meeting Chair and all interpretations by the meeting Chair (unless overruled by the Board) or parliamentarian shall be deemed correct. Section 3. Types of Meetings (a) Regular Meeting_ The Board shall meet at the Orchid Cove Clubhouse located at 25005 Peacock Lane; Naples, Florida 34114 for Regular and Special Meetings. The regular Board meetings are to commence at 10:00 a.m., on the dates specified in the meeting schedule adopted by the Board annually. (b) Special Meetings: Special meetings may be called by the Chairman or by a majority of the members of the Board. Absent emergency conditions, no special meeting shall be held until at least 72 hours after the call is issued. Only such business may be transacted at a special meeting as may be listed in the call for said meeting or an incident thereto unless four out of five of the District Board approves adding an additional item. (c) Continued Meetings: Any meeting of the Board may be continued to a later date and time at any location specified in the Motion for Continuance. (d) Workshop Meetings: The Board may meet informally in workshop meetings (open to the public), at the call of the Chairman or of any three (3) members of the Board. No resolutions or other actions may be adopted at such meeting provided the Board may direct staff to take actions which do not entail the immediate expenditure of District funds. (e) Emergency Meetings: Emergency meetings may be held on the call of the District Manager or the Chairman whenever there is a public emergency affecting life, health, property or the public peace, and whenever practicable, upon no less than one (1) hour's notice to each Supervisor and the public. (f) Telephonic Participation: If a quorum of the Board is physically present, other members of the Board may participate via telephone, provided they can be heard on the record and they can hear the other members of the Board and the participating public. Section 4. Chairman and Duties (a) Chairman: The Chairman, if present, shall preside at all meetings of the Board. In the absence of the Chairman, the Vice Chairman shall preside. In the absence of both the Chairman and the Vice Chairman, the Board shall select a Chairman. (b) Call to Order: The meetings of the Board shall be called to order by the Chairman or, in his or her absence by the Vice Chairman. In the absence of both the Chairman and the Vice Chairman, the meeting shall be called to order by the District Clerk for the selection of a temporary Chairman. (c) Preservation of Order: The Chairman shall preserve order and decorum; prevent attacks on personalities or the impugning of members' motives; and confine members in debate to the question under discussion. (d) Points of Order: The Chairman shall determine all points of order, subject to the right of any member to appeal to the Board. If any appeal is taken, the question shall be, "Shall the decision of the Chairman be sustained ?" A majority of the Board may overrule the Chairman. (e) Vote: All Resolutions shall require only a voice vote; the Chairman may close a Public Hearing without a vote if there is no objection. (f) Substitution for Chairman: The Chairman may call another member to temporarily chair the meeting in order to take part in debate, to make a motion or to cover a temporary absence, such substitution not to continue beyond adjournment. Section 2-605. Order of Business and Agen (a) Order of Business: Unless changed via motion of the Board of Supervisors, the general rule as to the order of business in regular meetings shall be substantially as follows: • Call to Order and Roll Call • Pledge of Allegiance to the Flag • Public Comment on Agenda Items • Approval of Minutes • Board Action on Agenda Items before It or Added to the Agenda • Administrative Actions and Staff Reports • Comments or Requests by Chairman and Board of Supervisors • Public Comments or Requests for Future Action Items • Adj ournment The District Board may, via motion change the order of business. (b) Agenda: The order of business of each meeting shall be as contained in the agenda prepared under the direction of the District Manager. The agenda shall be a listing by topic or subject to be considered by the Board, and shall be delivered to members of the Board prior to the meeting. (c) Presentation by Members of Board: The agenda shall provide a time when the Chairman or any Supervisor may bring before the Board any business he /she feels should be deliberated upon by the Board. These matters need not be specifically listed on the agenda. (d) Reading of Minutes: Unless a reading of the minutes of a Board meeting is requested by a member of the Board, such minutes may be approved without reading if the District Clerk previously furnished each member with a copy thereof. (e) Consent Agenda: The Board may adopt a series of measures in one vote as listed on the agenda (or agenda as amended) as a Consent Agenda; the Consent Agenda may appear on the agenda before "non- consent items." Section 6. Resolutions and Motions (a) Form: Resolutions shall be presented to the Board only in printed or typewritten form. (b) Reading by Title Only: Upon being introduced, each proposed Resolution shall be read by title only, unless any member of the Board requests a full reading of the Resolution. (c) Consideration of Resolutions: Each proposed Resolution shall be ready by title or in full two times; one before each vote. (d) Tie Vote: In the event of a tie in votes on any motion, the motion shall be considered lost. (e) Vote Change: Any Supervisor may change his or her vote, before the next item is called for consideration or; before a recess or adjournment is called, whichever occurs first, but not thereafter, without the unanimous consent of the Board. (f) Privilege of Closing Debate: Any Supervisor may move to close debate and call the question on the motion being considered which shall be non - debatable. The Supervisor moving the adoption of a Resolution or motion shall have the privilege of closing the debate. (g) Requests for Resolutions or Legal Opinions: Any member of the District Board may request the District Manager or District Attorney to have prepared proposed Resolutions with such Resolutions to be placed on the agenda of the next scheduled Board meeting, provided the Resolution can be drafted and distributed to members of the Board in said period of time. Any member of the District Board may request written legal opinions, relating to District business, from the District Attorney. Any member of the Board may, for purposes of inquiry, request verbal opinion or advice on District legal matters directly from the District Attorney. (h) Adjournment: All meetings shall adjourn at a.m. /p.m. unless four -fifths (4/5) of the District Board vote to extend the time. (i) Motion to Reconsider:. An action of the Board may be reconsidered only at the same meeting at which the action was taken. A motion to reconsider may be made only by a Supervisor who voted on the prevailing side of the question and must be concurred in by a majority of those present at the meeting. Adoption of a motion to reconsider shall rescind the action reconsidered. (j) Motion to Rescind: An action of the Board taken at a previous meeting (the "previous action ") may be rescinded at a subsequent meeting. Motions to Rescind shall be governed by the following process: 1. A Supervisor seeking rescission of a previous action shall place a Motion to Consider Rescission on the agenda of a regular Board meeting. If a majority of the full membership of the Board approves the Motion to Consider Rescission, the Motion to Rescind shall be placed on the agenda of the next regular Board meeting. If less than a majority of the full membership vote in favor of the Motion to Consider Rescission, no Motion to Rescind the previous action shall be considered by the Board. 2. Approval of a Motion to Rescind requires the affirmative vote of a majority of the full membership of the Board. 3. If a Motion to Rescind is approved, the Board shall, at the same meeting, either consider the previous action or set a date certain for its consideration. 4. Notwithstanding anything stated above, a Motion to Rescind initiated by a Supervisor who voted on the losing side in connection with the previous action shall not be in order unless the Board determines: a. Subsequent information has become known that (i) would have been material to the Board's decision on the previous action and (ii) would have militated for a different result; or b. A rescission of the previous action is imperative to avoid a material cost, risk, hann or other jeopardy to the District or its citizens, and the material cost, risk, harm or other jeopardy could not have been known at the time of the Board's previous action. 5. For purposes of the Motion to Rescind, a Supervisor who was absent for a vote on the motion in connection with the previous action is deemed to have been on the prevailing side of the vote. Section 2 -607. Citizens' Rights (a) RiPht to be Heard: Members of the public shall be given a reasonable opportunity to be heard on each agenda item except as provided for below. Public input shall be limited to four (4) minutes with the Chair having the option to allow an additional minute. This right does not apply to: 1. An official act that must be taken to deal with an emergency situation affecting the public health, welfare or safety, if compliance with the requirements would cause an unreasonable delay in the ability of the Board to act; 2. An official act involving no more than a ministerial act, including, but not limited to, approval of minutes and ceremonial proclamations; 3. A meeting that is exempt from §286.011; or 4. A meeting during which the Board is acting in a quasi-judicial capacity. This paragraph does not affect the right of a person to be heard as otherwise provided by law. (b) Manner of Addressing the Board — Time Limit: Each person addressing the Board shall step up to the microphone, shall give his/her name and address in an audible tone of voice for the record and, unless further time is granted by the Board, shall limit his/her address to four (4) minutes with the Chair having the right to extend an additional minute of time. All remarks shall be addressed to the Board as a body, and not to any member thereof. No person, other than members of the Board and the person having the floor shall be permitted to enter into any discussion, either directly or through the members of the Board. When requested by any member of the Board the District Manager, District Attorney, as well as other staff, may enter into any discussion. No questions shall be asked the Supervisors, except through the presiding officer. The District Manager and the District Attorney may ask the Chair for permission to speak at any time. (c) Personal and Slanderous Remarks: Any person making personal, impertinent or slanderous remarks, or who shall become boisterous, while addressing the Board may be requested to leave the meeting and may be forthwith, by the presiding officer, barred from further audience before the Board at the meeting from which ejected. Section 8. Public to be Heard At the conclusion of the meeting the Chair shall offer the public the opportunity to speak on any non - agenda item relative to the business of the District for up to four (4) minutes (with the right of the Chair to extend an additional minute). Section 9. Suspension and Amendment of These Rules (a) Suspension of These Rules: Any provision of these rules not governed by the District Charter or District Code may be temporarily suspended by a vote of a majority of the Board. (b) Amendment of These Rules: These rules may be amended, or new rules adopted via Resolution. (c) Effect of Variance from Rules: The failure to follow these Rules of Procedure shall not be grounds for invalidating any otherwise lawful act of the Board. SECTION 3. It is the intention of the District Board and it is hereby ordained that the provisions of this Resolution shall become and be made a part of the Port of the Islands Community Improvement District Rules of Procedure, and the sections of this Resolution may be renumbered to accomplish such intent. SECTION 4. If any word, phrase, clause, sentence or section of this Resolution is for any reason held unconstitutional or invalid, the invalidity thereof shall not affect the validity of any remaining portions of this Resolution. SECTION 5. That this Resolution shall be in full force and effect immediately upon its passage and adoption. PASSED THIS 23' DAY OF AUGUST, 2013. Norine Dillon Chairperson ATTEST: Calvin Teague Secretary SEVERN TRENT ENVIRONMENTAL SERVICES, INC 5911 COUNTRY LAKES DRIVE FORT MYERS, FLORIDA 33905 Phone (941) 925 -3088 Fax (941) 924 -7203 BILL TO PORT OF THE ISLANDS COMMUNITY C/O SEVERN TRENT MGMT SERV- ATTN A/P 210 NORTH UNIVERSITY DRIVE, SUITE 702 CORAL SPRINGS FL 33071 Invoice DATE INVOICE # 6/15/2013 2067997 BOX 516860 PHILADELPHIA, PA 19175 -6860 Page 1 P.O. NO. TERMS DUE DATE CUSTOMER # DEPT # NET 30 DAYS 6/30/2013 3520 DESCRIPTION QTY RATE AMOUNT REVISED INVOICE - 7/10/13 (402) MONTHLY OPERATION CONTRACT FOR JUN 34,127.71 34,127.71 2013 (4 10) CHARGES FOR AMOUNT EXCEEDED ABOVE R&M MAINTENANCE BUDGET OF $XXX PLUS 10% - AS PER CONTRACT - SEE ATTACHED BREAKDOWN OF CHARGES b1i do NO I HE (4 10) CHARGES FOR AMOUNT EXCEEDED ABOVE l R&M SLUDGE BUDGET OF $137.77 PLUS 10% - AS PER CONTRACT- SEE ATTACHED BREAKDOWN OF CHARGES (408) LAB FEES FOR WEEKLY BLEND: FLUORIDE, 5 116.39 581.95 CHLORIDE, TOTAL DISSOLVED SOLIDS, TOTAL SUSPENDED SOLIDS, pH, CALCIUM, MAGNESIUM, SODIUM AND SODIUM ABSORPTION RATION (SAR) - 1/22, 4122. 5/7, 5/13,5/21 (408) LAB FEES BACT'S - 5/20,5/21 5 10.43 52.15 REMIT TO ADDRESS: n rnrm »�..m �i.ra mwrmAr c.nn annr_a rnTn Total BOX 516860 PHILADELPHIA, PA 19175 -6860 Page 1 SEVERN TRENT ENVIRONMENTAL SERVICES, INC 5911 COUNTRY LAKES DRIVE FORT MYERS, FLORIDA 33905 Phone (941) 925-3088 Fax (941) 924 -7203 BILL TO PORT OF THE ISLANDS COMMUNITY C/O SEVERN TRENT MGMT SERV- ATTN A/P 210 NORTH UNIVERSITY DRIVE, SUITE 702 CORAL SPRINGS FL 33071 Invoice DATE INVOICE # 6/152013 2067997 SEVERN TRElrflENYMONAuUN 1AL DERY1l ma, uVt: BOX 516860 PHILADELPHIA, PA 19175 -6860 Page 1 P.O. NO. TERMS DUE DATE CUSTOMER # DEPT # NET 30 DAYS 1 6130/2013 3520 DESCRIPTION QTY RATE AMOUNT (402) MONTHLY OPERATION CONTRACT FOR JUN 34,127.71 34,127.71 2013 (410) CHARGES FOR AMOUNT EXCEEDED ABOVE 1,05820 1,058.20 R&M MAINTENANCE BUDGET OF $962 PLUS 10% - AS PER CONTRACT - SEE ATTACHED BREAKDOWN OF CHARGES "ter (410) CHARGES FOR AMOUNT EXCEEDED ABOVE 151.55 r' t R&M SLUDGE BUDGET OF $137.77 PLUS 100/9 - AS '" PER CONTRACT - SEE ATTACHED $ REAKDOWN OF CHARGES (408) LAB FEES FOR WEEKLY BLEND: FLUORIDE, 5 116.39 581.95 CHLORIDE, TOTAL DISSOLVED SOLIDS, TOTAL SUSPENDED SOLIDS, pH, CALCIUM, MAGNESIUM, SODIUM AND SODIUM ABSORPTION RATION (SAR) - 1/22, 4/22.5/7, 5113, 5121 (408) LAB FEES BACTS - 5/20, 5/21 5 10.43 52.15 REMIT TO ADDRESS: Total SEVERN TRElrflENYMONAuUN 1AL DERY1l ma, uVt: BOX 516860 PHILADELPHIA, PA 19175 -6860 Page 1 SEVERN TRENT ENVIRONMENTAL SERVICES, INC 5911 COUNTRY LADS DRIVE FORT MYERS, FLORIDA 33905 Phone (941) 925 -3088 Fax (941) 924 -7203 BILL TO PORT OF THE ISLANDS COMMUNITY GO SEVERN TRENT MGMT SERV- AWN A/P 210 NORTH UNIVERSITY DRIVE, SUITE 702 CORAL SPRINGS FL 33071 Invoice DATE INVOICE # 611512013 1 2067997 BOX 516860 - -- -- • ------- - - - - -- --- -• - -- -- PHILADELPHIA, PA 19175 -6860 Page 2 P.O. NO. TERMS DUE -DATE CUSTOMER # DEPT # NET 30 DAYS 6/30/2013 3520 DESCRIPTION QTY RATE AMOUNT Applied to Budgets year to date: Repair and Maintenance Budget $17188.80 (exceeded cap of $15,000) Process Residue Budget: $8005.57 Chemical Budget $19703.06 (cap of $20,000) Mosquito Chemical Budget $0 REMIT TO ADDRESS: Total $35,971.56 ooc7CDAT'TDVUT r VLTI /TD/11SAAVLTTAT OT:DIMIUO TATI BOX 516860 - -- -- • ------- - - - - -- --- -• - -- -- PHILADELPHIA, PA 19175 -6860 Page 2 SEVERN TRENT ENVIRONMENTAL SERVICES, INC 5911 COUNTRY LAKES DRIVE FORT MYERS, FLORIDA 33905 Phone (941) 925 -3088 Fax (941) 9247203 BILL TO PORT OF THE ISLANDS COMMUNITY C/O SEVERN TRENT MGMP SERV- ATTN A/P 210 NORTH UNIVERSITY DRIVE, SUITE 702 CORAL SPRINGS FL 33071 Invoice DATE INVOICE # 6/1512013 2067997 SL+V B.KN 12ttSN 1 L'N V llCVNMCN S HL �lII1L V it G0, uv� BOX 516860 PHILADELPHIA, PA 19175 -6860 Page 1 P.O. NO. TERMS DUE DATE CUSTOMER # DEPT # NET 30 DAYS 6/30/2013 3520 �T DESCRIPTION QTY RATE AMOUNT (402) MONTHLY OPERATION CONTRACT FOR MAY 34,127.71 34,127) I/ 2013 34,127.71 (402) SUBTOTAL `k w 1 (4 10) CHARGES FOR AMOUNT EXCEEDED ABOVE 1,058.20 1,058.20 R&M MAINTENANCE BUDGET OF $962.00 PLUS 10% - AS PER CONTRACT - SEE ATTACHED BREAKDOWN OF CHARGES c n,1 O J r'' 1 P S MGt (410) CHARGES FOR AMOUNT EXCEEDED ABOVE 15].547 151.55 R&M CHEMICAL BUDGBT OF $137.77 PLUS 10% - AS PER CONTRACT - SEE ATTACHED BREAKDOWN OF CHARGES "1'AL 1,209,75 (421) SUBTO (408) LAB FEES FOR WEEKLY BLEND: FLUORIDE, 5 116.39 581.9 CHLORIDE, TOTAL DISSOLVED SOLIDS, TOTAL SUSPENDED SOLIDS, PH, CALCIUM, MAGNESIUM, SODIUM AND SODIUM ABSORPTION RATION (SAX) U22,4/22.5/7,5/13, 5/21 5 10.43 52,15 (408) LAB FEES BACT'S - 5/20, 5/21 3 ✓` 634.10 (408) SUBTOTAL .�? .� REMIT TO ADDRESS: Total SL+V B.KN 12ttSN 1 L'N V llCVNMCN S HL �lII1L V it G0, uv� BOX 516860 PHILADELPHIA, PA 19175 -6860 Page 1 SEVERN TRENT ENVIRONMENTAL SERVICES, INC 5911 COUNTRY LAKES DRIVE FORT MYERS, FLORIDA 33905 Phone (941) 925 -3088 Fax (941) 924 -7203 BILL TO PORT OF THE ISLANDS COMMUNITY C/O SEVERN TRENT MGMT SERV- ATTN A/P 210 NORTH UNIVERSITY DRIVE, SUITE 702 CORAL SPRINGS FL 33071 Invoice DATE INVOICE # 6/15/2013 2067997 SEVERN TRENT ENVIRONMENTAL SERVICES, INC BOX 516860 PHILADELPHIA, PA 19175 -6860 Page 2 �� M P.O. NO. TERMS DUE DATE CUSTOMER # DEPT # NET 30 DAYS 6/30/2013 3520 DESCRIPTION QTY RATE AMOUNT Applied to Budgets year to date: Repair and Maintenance Budget $17188.80 (exceeded cap of $15,000) Process Residue Budget: $8005.57 Chemical Budget $19703.06 (cap of $20,000) Mosquito Chemical Budget $0 REMIT TO ADDRESS: Total $33,456.81 SEVERN TRENT ENVIRONMENTAL SERVICES, INC BOX 516860 PHILADELPHIA, PA 19175 -6860 Page 2 �� M Port of the Islands Community Improvement District Financial Report June 30, 2013 Prepared by PORT OF THE ISLANDS Community Improvement District Table of Contents FINANCIAL STATEMENTS Balance Sheet - All Funds ....... . ................................ I ................. Page 1 - 2 General Fund Statement of Revenues, Expenditures and Changes in Fund Balance ... I........... Page 3 - 4 TrendReport ........................... ............................... Page 5 Enterprise Fund Statement of Revenues, Expenditures and Changes in Fund Balance ............... Page 6 - 7 TrendReport ........................... ............................... Page 8 - 9 _SUPPORTING SCHEDULES Page 10 -12 Check Register ........................... ............................... Special Assessments - Collection Schedule ........................... ............................... Page 13 Construction Schedule ........................... ............................... Page 14 - 15 ............... Page 16 - 17 CIP Status Report ............ ............................... Page 18 - 20 Cash Flow Projections .................... ............................... Cash Flow Projections - 5 year ........................... ............................... Page 21 Page 22 - 27 Monthly Activity Report .. ............................. I.......................... Accounts Receivable Ageing Report (90+ days outstanding) .......... ............................... • Page 28 - 29 Repair and Maintenance Detail Reports ........................... ............................... Page 30 - 36 Port of the Islands Community Improvement District Financial Statements (Unaudited) June 30, 2013 PORT OF THE ISLANDS Community Improvement District Balance Sheet June 30, 2013 Governmental and Enterprise Funds WATER AND ACCOUNT DESCRIPTION GENERAL FUND SEWER FUND TOTAL ASSETS Current Assets Cash - Checking Account Accounts Receivable Assessments Receivable Allow - Doubtful Collections Interest/Dividend Receivables Due From Other Funds Investments: Certificates of Deposit - 18 Months Money Market Account SBA Account SBA Account - Restricted SBA Account Reserves SBA Account Reserves - Restricted Construction Fund FMV Adjustment Prepaid Items Total Current Assets $ 397,678 $ 13,120 $ 410,798 984 - 984 99,460 259,432 356,892 (99,460) (259,432) (358,892) 665 665 208,778 208,778 151,050 - 151,050 568,888 6,590 575,478 5,127 4,209 9,336 6,350 13,244 19,594 2,515 - 2,515 763 226,308 763 - 195,830 195,830 1,117 2,081 3,198 1,947 2,420 4,357 1,345,862 237,494 1,583,356 Noncurrent Assets 100 10,402 3,500 Fixed Assets - 32,850 32,850 Land 293,061 293,061 Infrastructure 15,206,161 15,206,161 Accum Depr - Infrastructure (3,632,962) (3,832,962) Equipment and Furniture 226,308 226,308 Accum Depr - Equip/Furniture (81,850) (81,850) Construction Work In Process 9,080 9,080 Bond Issuance Cost 42,700 42,700 AccAmort - BondissuanceCost - (11,079) (11,079) Total Noncurrent Assets 12,051,419 12,051,419 TOTAL ASSETS $ 1,345,862 $ 12,288,913 $ 13,634,775 LIABILITIES Current Liabilities Accounts Payable Accrued Expenses Deposits Other Current Liabilities Revenue Bonds Payable- Current Due To Other Funds Total Current Liabilities $ - $ 100 $ 100 10,402 3,500 13,902 - 32,850 32,850 157 157 514,758 514,758 - 208,778 208,778 10,402 760,143 770,545 Report Date: 7/8/2013 1 PORT OF THE ISLANDS Community Improvement District Governmental and Enterprise Funds Balance Sheet June 30, 2013 WATER AND ACCOUNT DESCRIPTION GENERAL FUND SEWER FUND TOTAL Long -Term Liabilities Revenue Bonds Payable -LT 3,490,972 3,4DD,972 Total Long -Term Liabilities - 3,490,972 3,490,972 TOTAL LIABILITIES 10,402 4,251,115 4,261,b17 FUND BALANCES / NET ASSETS Fund Balances Nonspendable: Prepaid Items 1,947 4,367 Assigned to: Operating Reserves 103,815 103,815 Unassigned: 1,229,698 1,229,698 Net Assets Invested in capital assets, net of related debt - 8,045,689 8,045,689 Unrestricted /Unreserved - (7,891) (7,891) TOTAL FUND BALANCES / NET ASSETS $ 1,335,460 $ 8,037,798 $ 9,373,258 TOTAL LIABILITIES & FUND BALANCES) NET ASSETS $ 1,345,862 $ 12,288,913 $ 13,634,775 Report Date: 7/8/2013 2 PORT OF THE ISLANDS Community Improvement District Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending June 30, 2013 General Fund ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ( ;) AS A `Y OF JUN -13 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD ACTUAL REVENUES Interest - Investments $ 2,177 $ 1,633 $ 1,612 $ (21) 74.05% $ 1 Net Incr (Decr) In FMV- Invest 7,000 - 1,839 1,839 0.00% - Interest - Tax Collector - - 32 32 0.00% 18 Special Assmnts- Tax Collector 435,400 435,400 402,231 (33,169) 92.38% 22,747 Special Assmnts• Discounts (17,416) (17,416) (8,552) 8,864 49.10% 682 Other Miscellaneous Revenues - - 1,575 1,575 0.00% - TOTAL REVENUES 420,161 419,617 398,737 (20,880) 94.90% 23,448 EXPENDITURES Administration PIR -Board of Supervisors 7,000 5,000 5,300 (300) 75.71% 400 FICA Taxes 536 383 405 (22) 75.55% 31 ProfServ- Engineering 26,000 19,500 11,850 7,650 45.58% 772 ProfServ-Legal Services 12,500 9,375 21,098 (11,723) 168.78% 1,994 ProfServ- Mgmt Consulting Sery 28,365 21,274 21,274 75.00% 2,364 ProtServ- Property Appraiser 6,531 6,531 6,531 100.00% - ProtServ- Special Assessment 9,243 9,243 9,243 100.00% - Auditing Services 3,750 3,750 3,500 250 93.33% 3,500 Communication - Telephone 100 75 14 61 14.00% 1 Postage and Freight 1,500 1,125 809 316 53.93% 94 Rental - Meeting Room 350 250 225 25 64.294(6 25 Insurance - General Liability 8,844 6,633 6,156 477 69.61% - Printing and Binding 2,000 1,500 646 854 32.30% 163 Legal Advertising 2,200 1,650 135 1,515 6.14% - Miscellaneous Services 1,375 1,031 419 612 30.47% 3 Misc- Assessmnt Collection Cost 8,708 8,708 7,874 834 90.42% 469 Misc -Web Hosting 1,000 750 969 (219) 96.90% 969 Office Supplies 650 487 115 372 17.69% 46 Annual District Filing Fee 175 175 175 - 100.00% - Total Administration 120,827 97,440 96,738 702 80.06% 10,831 Field Contracts -Mgmt Serv;ocs 100,000 75,000 75,129 (129) 75.13% 8,333 Contracts- Landscape 79,440 59,580 64,570 (4,990) 81.28% 9,647 Electricity - Streetlighting 16,500 12,375 13,924 (1,549) 84.39% 1,460 Utility - Irrigation 12,600 9,450 10,754 (1,304) 85.35% 1,554 R &M- Renewal and Replacement 10,000 7,500 8,518 (1,018) 85.18/ (125) R &M -Roads & Alleyways 4,000 3,000 - 3,000 000% - R &M- Signage 1,000 750 - 750 0.00% Capital Outlay 70,894 53,170 - 53,170 0.00% Total Field 294,434 220,825 172,895 47,930 58.72% 20,869 TOTALEXPENDITURES 415,261 318,265 269,633 48,632 64.93% 31700 Report Date: 7/3/2013 3 PORT OF THE ISLANDS Community Improvement District Genera! Fund Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending June 30, 2013 Report Date: 7/3/2013 4 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE (S) AS A % OF JUN -13 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD ACTUAL Excess (deficiency) of revenues Over (under) expenditures 4,900 101,352 129,104 27,752 2634.78% (8,252) OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance 4,900 - - 0.00 TOTAL FINANCING SOURCES (USES) 4,900 O.OD% Net change in fund balance $ 4,900 $ 101,352 $ 129,104 $ 27,752 2634.76% $ FUND BALANCE, BEGINNING (OCT 1, 2012) 1,206,356 1,206,356 1,206,356 FUND BALANCE, ENDING $ 1,211,256 $ 1,307,706 $ 1,335,460 Report Date: 7/3/2013 4 PORT OF THE ISLANDS Genera/ Fund Community Improvement District Statement of Revenues, Expenditures and Changes in Fund Balances Trend Report For the Period Ending June 30, 2013 TOTAL Oct Nov Dec Jan Feb Mar Apr May Jun AetudThru Adopted Account Description Actual Actual Actual Actual Actual Actual Actual Actual Actual 613012013 Budget Revenues Interest - Investments $ 241 $ 211 $ 218 $ 218 S 167 $ 193 $ 187 S 173 S 1 S 1,612 $ 2.177 Net Incr (Decr) In FMV- Invest 177 195 124 585 (28) 250 285 251 500 1,839 32 400 Interest -Tax Collector Special Assrmts- Tax Collector 3,116 64,532 126,382 29,295 15 7,177 - - 127,118 1,863 18 22,747 402,231 435,400 SpecalAssmnts- Discounts (166) (,1381) (4,951) (732) (98) 37 56 682 (8,552) (17,416) other Miscellaneous Revenues 1,994 315 - 1,260 - 2,364 - - - 1,575 - Total Revenues 3,368 $1,872 121,773 30,626 7233 443 127,627 2,343 23,448 398,737 420,161 Expenditures 8,333 8,333 8.333 8,333 8,333 8,333 8,462 8,333 8,333 75,129 100,000 Contracts - Landscape Administrative PAR -Board of Supervisors 500 500 1,000 400 500 1,000 500 500 400 5,300 7,000 536 FICA Taxes 38 38 77 31 38 77 2,643 38 38 606 31 772 405 11,850 26,000 ProfSenr- Engineering - - 2,557 - 3,490 7,629 8,069 - 1,497 1,402 1,780 310 1,994 21,098 12,500 ProfSeru -Legal Services ProfServ-Mgmt Consulting Sery - 2,364 2,364 2,364 2,364 2,364 2,364 2,364 2,364 2,364 21,274 28,365 ProfServ- Property Appraiser - - 6,531 - R &IA- Signage - 5,531 9,243 6,531 9,243 ProfServ- Special Assessment 9,243 Capital outlay 3,500 3,500 3,750 Auditing Services Total Field 16,826 17,705 18,474 19,161 18,567 1 14 100 Communication - Telephone 1 8 Total Expenditures 3 82 80 69 77 58 94 809 1,50D Postage and Freight 74 218 57 25 25 25 25 25 25 225 350 iReental - Meeting Room 25 25 25 1,947 317 1,206,356 FUND BALANCE, BEGINNING (OCT 1, 2012) 6,156 8,844 Insurance - GeneralLiability 1,947 - 1,947 - 119 66 61 163 646 2,000 Ranting and Binding 64 54 119 $1,335,460 $101,256 FUND BALANCE, ENDING 135 2,200 Legal Advertising - - 135 - - 6 3 419 1,375 MisceOanears Services 59 59 97 1,623 85 2,429 169 571 142 - 2,543 38 469 7,874 8,708 Misc- Assessmnt Collection Cost 969 969 1,000 Misc-Web Hosting 24 23 23 46 115 650 Office Supplies 175 175 Annual District Filing Fee 175 TotalAdninistrative 5,306 7,484 18,140 28,729 4,788 9,622 7,644 4,200 10,031 96,736 120,827 Field Contracts-Mgmt Services 8,333 8,333 8.333 8,333 8,333 8,333 8,462 8,333 8,333 75,129 100,000 Contracts - Landscape 6,620 6,620 6,620 6,902 6,902 7,452 6,902 6,902 9,647 64,570 13,924 79,440 16,500 Electricity • Streellightlng 1,490 1,561 1,693 1,636 1,621 1,574 1,275 1,561 1,734 1,328 1,221 1,460 1,554 10,754 12,600 Utility _ lrr gation 31 264 1,350 478 1,625 1,701 664 - 220 3,861 2,141 (125) 8,518 10,000 R &M- Renewal and Replacement 352 927 - _ - 4,000 4,000 R &M-ROads & Alleyways - - _ R &IA- Signage 70,894 Capital outlay Total Field 16,826 17,705 18,474 19,161 18,567 18,854 22,520 19,925 20,869 172,895 294,434 Total Expenditures 22,132 25,169 36,614 47,890 23,345 28,478 30,164 24,125 31,700 259,633 415,261 Excess (deficiency) of revenues Over(under)expenditures $ (18,764) $ 56,683 $ 85,159 S (17,264) S (16,112) 3 (28,033) $ 97,463 $ (21,782) $ (8,252) 129,104 4,900 1,208,356 1,206,356 FUND BALANCE, BEGINNING (OCT 1, 2012) $1,335,460 $101,256 FUND BALANCE, ENDING Prepared by: 5 Report Date: 7/3/2013 Severn Trent Management Services PORT OF THE ISLANDS Community Improvement District Water And Sewer Fund Statement of Revenues, Expenses and Changes in Net Assets For the Period Ending June 30, 2013 ANNUAL YTD ACTUAL ADOPTED YEAR To DATE YEAR TO DATE VARIANCE (S) AS A % OF JUN-13 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD ACTUAL OPERATING REVENUES Interest - Investments $ 2,838 $ 2,129 $ 266 $ (1,863) 9.37% $ 21 Water Revenue 43,000 32,250 34,098 1,848 79.30% 2,780 Sewer Revenue 65,000 48,753 53,758 5,005 82J0% 4,383 Irrigation Fees 100,000 75,000 74,650 (350) 74.65% 8,237 Net Incr (Door) In FMV- Invest - - 3,424 3,424 0.00% - Special Assmnts- Tax Collector 1,135,025 1,135,025 1,048,558 (86,467) 92.38% 59,299 Special Assni Discounts (45.401) (45,401) (22,294) 23,107 49.10% 1,779 Other Miscellaneous Revenues - 62 5,760 5,760 0.00% 575 TOTAL OPERATING REVENUES 1,300,462 1,247,756 1,198,220 49,536) 82.14% 77,074 OPERATING EXPENSES Personnel and Administration P/R -Board of Supervisors FICA Taxes ProfSery - Engineering ProfServ-Legal Services ProfServ.Mgmt Consulting Sery ProfServ- Property Appraiser ProfServ- Special Assessment Auditing Services Communication - Telephone Postage and Freight Rental - Meeting Room Insurance - General Liability Printing and Binding Legal Advertising Miscellaneous Services Misc- Assessmnt Collection Cost Office Supplies Total Personnel and Administration Water -Sewer Comb Services Contracts -Mgmt Services Contracts -Other Services Communication - Teleph - Field Utility - General R &M- Irrigation R &M -Water Plant R &M -Waste Water Plant Misc -Bad Debt Misc- Licenses & Permits Cap Outlay- Irrigation Cap Outlay -Water Plant Total Water -Sewer Comb Services 7,000 5,000 5,300 (300) 75.71% 400 536 383 405 (22) 75.56% 31 26,000 19,500 11,850 7,650 45.58% 772 12,500 9,375 21,098 (11,723) 168.78% 1,994 28,482 21,362 21,362 - 75.00% 2,374 17,025 17,025 17,025 100.00% 7,885 7,885 7,885 100.00% - 3,750 3.750 3,500 250 93,33% 3,500 100 75 13 62 13.00% 1 1,000 750 534 216 53.40% 63 350 250 225 25 64.29% 25 8,270 6,203 5,757 446 69.61% - 1,500 1,125 485 640 32.33% 122 1,600 1,200 98 1,102 6.13% 2,050 1,537 1,880 (343) 91.71% 227 22,701 22,701 20,525 2,176 90.41% 1,222 750 563 135 428 18.00% 53 141,499 118,684 118,077 607 83.45% 10,784 309,533 232,150 232,543 (393) 75.13% 25,794 2,000 2,000 1,750 250 87.50% - 4,512 3,384 3,674 (290) 81.43% 857 80,000 60,000 61,320 (1,320) 76.65% 6,132 10,000 7,500 7,842 (342) 78.42% 219 10,000 7,500 18,436 (10,936) 184.36% 1,395 9,866 7,400 15,238 (7,838) 154.45% 1,377 - 1,267 (1,267) 1 - 4,500 4,500 3,375 1,125 75.00% - - 27,516 (27,516) 0.001% - 50,000 37,500 125,730 (88,230) 251.46% 480,411 361,934 498,691 (136,757) 10181% 35,774 Report Date: 7/3/2013 6 PORT OF THE ISLANDS Water And Sewer Fund Community Improvement District Statement of Revenues, Expenses and Changes in Net Assets For the Period Ending June 30, 2013 Report Date: 7/312013 7 ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF JUN -13 ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD ACTUAL Debt Service Principal Debt Retirement 497,303 497,303 - 497,303 O.OD% Interest Expense 158,056 158,056 92,200 65,856 58.33 Total Debt Service 655,359 655,359 92,200 563,159 14,07% TOTAL OPERATING EXPENSES 1,277,269 1,135,977 708,968 427,009 55.51% 46,558 Operating income (loss) 23,193 111,779 489,252 377,473 2109.48% 30,516 $ 23,193 $ 111,779 $ 489,252 $ 377,473 2109.48% $ 30,516 Change in net assets TOTAL NET ASSETS, BEGINNING (OCT 1, 2012) 7,546,546 7,548,546 7,548,546 TOTAL NET ASSETS, ENDING $ 7,571,739 $ 7,660,325 $ 8,037,790 Report Date: 7/312013 7 PORT OF THE ISLANDS Community Improvement District Water And Sewer Fund Statement of Revenues, Expenses and Changes in Net Assets PIR -Board of Supervisors 500 500 1,000 Trend Report 500 1,000 500 500 400 5,300 7,000 FICA Taxes 38 For the Period Ending June 30, 1013 77 31 38 77 38 38 31 405 536 ProfServ- Engineering 754 261 296 7,G29 - TOTAL - Oct Nov Dec Jan Feb Mar Apr May Jun Actual Thru Adopted Account Description Actual Actual Actual Actual Actual Actual Actual Actual Actual 611011013 Budget Operating Revenues 2,374 2,374 2,374 2,374 21,362 28,482 ProfServ- Property Appraiser - - 17,025 Interest - Investments S 48 $ 38 S 36 $ 31 S 22 $ 23 $ 24 $ 23 S 21 S 266 $ 2,838 Water Revenue 1,813 2,981 3,758 4,119 5,734 3,672 5,513 3,728 2,780 34,098 43,000 Sewer Revenue 2,695 4,883 5,879 6,516 81950 5,813 8,427 6,012 4,383 53,758 65,000 Irdga:ion Fees 4,502 5,610 8,827 10,459 10,344 7,160 9,995 9,519 8,237 74,650 100,000 Net Incr (Decr) In FMV- Invest 329 363 232 1,089 (52) 466 531 467 - 3,424 - Spec!al Assmnts- Tax Collector 8,123 220,362 329,460 75,369 18,709 - 331,379 4,857 59,299 1,048,558 1,135,025 Special Assmnts- Discounts (432) (8,614) (12,907) (1,907) (254) - 96 146 1,779 (22,294) (45,401) Other Miscellaneous Revenues 525 475 585 1,780 4135 510 400 425 575 5,760 - Total Operating Revenues 17,803 225,898 335,870 98,456 43,936 17,844 356,365 25,177 77,074 1,198,220 1,300,462 Operatino Expenses Personnel and Administration PIR -Board of Supervisors 500 500 1,000 400 500 1,000 500 500 400 5,300 7,000 FICA Taxes 38 38 77 31 38 77 38 38 31 405 536 ProfServ- Engineering 754 261 296 7,G29 - 2,643 - 806 772 11,850 26,000 Prof$erv-Legal Services - 2,557 3,490 8,069 1,497 1,402 1,780 310 1,994 21,098 12,500 ProfServ-Mgrrt Consulting Sery 2,374 2,374 2,374 2,374 2,374 2,374 2,374 2,374 2,374 21,362 28,482 ProfServ- Property Appraiser - - 17,025 - - - - - - 17,025 17,025 ProfServ- Special Assessment 14,492 6,701 (322) 7,885 4,085 (8,190) (3,498) - 7,885 7,BB5 Aurhting Services - _ _ _ _ _ _ _ 3,500 3,500 3,750 Communication• Telephone 1 8 - 3 1 13 100 Postage and Freight 49 145 38 55 53 42 50 39 63 534 1,000 Rental - Meeting Room 25 25 25 25 25 25 25 25 25 225 350 Insurance - Gereral Liability 1,820 - 1,820 - 79,181 1,820 236 - - 5,757 8,270 Printing and Binding 48 41 - 90 89 49 - 46 122 485 1,500 Legal Advertising - - 98 - - - - - - 98 1,600 MscellanecusServices 159 216 236 211 265 196 199 171 227 1,880 2,050 Mac- Assessmat Collection Cast 154 4,231 6,331 1,489 369 6,630 100 1,222 20,525 22,701 Office Supplies - - - 28 27 27 - - 53 135 750 Total Personnel and Administration 5,168 10,135 32,514 28,289 5,237 9,655 11,892 4,409 10,784 118,077 141,499 Water -Sewer Comb Services Contracts -Mgmt Services 25,794 25,794 25,794 25,794 25,794 25,794 26,188 25,794 25,794 232,543 3D9,533 Contracts -Other Services - - 1,750 1,750 2,000 Communication - Teleph - Field 754 261 296 303 298 251 337 299 B57 3,674 4,512 Utility . General 5,923 6,172 6580 6,596 7,929 7,984 7,884 6,121 6,132 61,320 80,000 R&M- ImgaWn 330 1,025 241 2,521 - 2,058 1,448 219 7,842 10,000 R&M -Water Plant - 1,707 (1,631) 5,703 3,942 4,657 2,564 1,395 18,436 10,000 R&M -Waste Water Plant 14,492 6,701 (322) 592 4,085 (8,190) (3,498) 1,377 15,238 9,866 Misc -Bad Debt - - - 1,267 - - - 1,267 - Misc - Licenses & Permits 3,375 - 3,375 4,500 Cap Outlay- Inigatiun - 25,916 - 1,600 27,516 Cap Ouday -Water Plant 10,182 48,585 33,618 33,345 125,730 50,000 Total Water-Sewer Comb Services 46,963 51,167 83,702 98,763 79,181 34,029 34,684 34,428 35,774 498,691 480,411 Prepared by: 8 Report Date: 7 13/2013 Severn Trent Management Services PORT OF THE ISLANDS Water And Sewer Fund Community Improvement District Statement of Revenues, Expenses and Changes in Net Assets Trend Report For the Period Ending June 30, 2013 TOTAL Oct Nov Dec Jan Feb Mar Apr May Jun Actual Thm Adopted Account Description Actual Actual Actual Actual Actual Actual Actual Actual Actual 613012013 Budget Debt Service Principal Debt Retirement - 497,303 IntareslExpense - 13,171 - - - - - 79,028 - 92,200 158,056 Total Debt Service 13,171 79,028 92,200 655,359 Total Operating Expenses 52,131 74,473 116,216 127,052 84,418 43,684 46,576 117,865 46,558 708,958 1,277,269 Operating ncorre (lass) $ (34,328) $ 151,425 $ 219,654 $ (28,596) $ (40,480) $ (26,040) S 309,789 $ (92,688) $ 30,516 489,252 23,193 TOTAL NET ASSETS, BEGINNING (OCT 1, 2012) 7,548,546 7,548,546 TOTAL NET ASSETS, ENDING $ 8,037,798 S 7,571,739 Prepared by: 9 Report Date: 7/3/2013 Severn Trent Management Services Port of the Islands Community Improvement District Supporting Schedules June 30, 2013 C R W d .% 0 L O CL 1 m o 8 v, z A 1. .1 °ap 3 `8i, v `8 8 8 tipp v v� Ip g ti °� g N n V ;t oW w Off N N th W H N w N N th W W W w �CNpI R m� N 19 Nw W m p O m w .w w w w w w IRR w w W w 1R w 0) w „ w � pp oo po po p p M O2 M t2 M m A N M M M t� ' N'AA 8 O A A O a O N A � 6� b N °N O O O O 6 S U m m 3 g m Z � y g m$ m e m N m A 3 c m v _yy Q, o r CE) g W to a 2 m A— c U E m§ 2 ip 9� c. 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Y W W W W W W W W W W a s J U H- a' w¢¢¢ w¢ K K ¢> a a z H f F f w� pW W a W O w w w w w > w w > w w >W w ax =zl U N N 6 U li i V J 0 N N Wo WM �w11 N N N 0 n' M M M n o �2 V V m V V m �5 0 0 0 0 0 0 0 0 0 0 0 0 0 m m m °o °NO�+]' o M 0M o m o 0 p 0p�� poq mo tppO� �Qppr c o o v o 0 0 0 0 o a o 0 0 0 0 o 4 4 a m y CD q� G F E U, 0 rZ d r0 �O d d N N C1 O N �' O m m W o o o 0 IC LL Cf Z x Z P N N N N N N N 6 LL J {y W W W W W N p YU K¢ R W W N T C Z Z Z Z Z W 7 7 7' :3 O O C (�_ Z b V W W p' CaOA J U O '� J U> U U U U W O a 'O W W W W ¢ N N m N N N V Q W W F- 1- H I- Y- C= ¢¢p LLWq. uaLL'11 a. 0¢ qa N W W W w W> aU m y cNV a y g W W W i O U U w V 4. 0 r 0 0 �w 6 wi Ct a a U �q� 4a.6 z z z o in in i� a v u a 0 U. �j a N Q 67 Cl n 0 C? W W W W W W W W W W U U U U U O D U U aw' w aw' ¢ t�� K K K (no N (n w fw/7 (wn N N twn Z Z Z Z Z Z Z Z Z Z Z Z Z W W W W W W W W W W W W W a a a z z z z z z z z Z Z 7 (j 0 0 0 0 0 0 0 0 0 0 w w w > ¢ z ¢ ¢ ¢ �¢¢ 6zzzzzzzzz W W W a W W W W W W W W W W S00 0Wzzzz7zzzzz ? Y W W W W W W W W W W a s J U H- a' w¢¢¢ w¢ K K ¢> a a z H f F f w� pW W a W O w w w w w > w w > w w >W w ax =zl U N N 6 U li i V J 0 N N Wo WM �w11 N N N 0 n' M M M n o �2 V V m V V m �5 0 0 0 0 0 0 0 0 0 0 0 0 0 m m m °o °NO�+]' o M 0M o m o 0 p 0p�� poq mo tppO� �Qppr c o o v o 0 0 0 0 o a o 0 0 0 0 o 4 4 a m y CD q� G F E U, 0 rZ d r0 �O d d PORT OF THE ISLANDS Community Improvement District Non -Ad Valorem Special Assessments Collier County Tax Collector - Monthly Collection Report For the Fiscal Year ending September 2013 % Collected 92.38% 92.38% 92.38% TOTAL OUTSTANDING $ 119,638 I $ 33,169 I $ 867,468 Year FY 2010 FY 2011 Parcel ID Description Amount Comments 1058920500 POI Hotel 119,627 bankruptcy 1058920500 POI Hotel FY 2012 1058920500 POI Hotel Total Delinquent Parcels 119,627 bankruptcy 119,638 bankruptcy 358,892 Report Date: 7/2/2013 13 AUOCATION BY FUND Discount / Gross Date Net Amount (Penalties) Collection Amount General Water /Sewer Received Received Amount Costs Received Fund Fund Assessments Levied FY 2013 $ 1,570,427 $ 435,400 $ 1,135,027 Allocation % 100% 28% 72% 10/30/12 $ 10,430 5 597 S 213 $ 11,239 $ 3,116 $ 8,123 11/14/12 $ 82,051 $ 3,488 $ 1,675 $ 87,214 $ 24,180 $ 63,034 11/29/12 $ 204,794 $ 8,707 $ 4,179 $ 217,680 $ 60,352 $ 157,328 12/13/12 $ 402,445 $ 17,027 $ 8,213 $ 427,685 $ 118,576 $ 309,110 12/27/12 $ 26,778 832 547 28,156 7,806 20,350 01/31/13 $ 100,965 2,639 2,061 105,665 29,295 76,369 02/27/13 $ 25,024 352 511 25,886 7,177 18,709 04/10/13 $ 309,858 87 6,324 316,268 87,685 228,583 04/30113 $ 139,600 $ (220) 2,849 142,229 39,433 102,796 05/24/13 $ 6,783 $ (202) 138 6,720 1,863 4,857 06/11/13 $ 76,423 $ (2,271) 1,560 75,711 20,991 54,720 06/26/13 $ 6,395 5 (190) 131 6,335 1,756 4,579 TOTAL $ 1,391,545 $ 30,846 $ 28,399 $ 1,450,789 1 $ 402,231 $ 1,048,SSS % Collected 92.38% 92.38% 92.38% TOTAL OUTSTANDING $ 119,638 I $ 33,169 I $ 867,468 Year FY 2010 FY 2011 Parcel ID Description Amount Comments 1058920500 POI Hotel 119,627 bankruptcy 1058920500 POI Hotel FY 2012 1058920500 POI Hotel Total Delinquent Parcels 119,627 bankruptcy 119,638 bankruptcy 358,892 Report Date: 7/2/2013 13 Port of the Islands Community Improvement District Series 2010 Special Assessment Revenue Bond 1. Recap of Capital Project Fund Activity Through June 30, 2013 Bond Issued (Construction Account) Source of Funds: Interest Earned Use of Funds: COI COI (costs transferred to checking account but not yet paid) Disbursements Water Treatment Plant Adjusted Balance in Construction Account June 30, 2013 2. Funds Available For Construction at June 30, 2013 Book Balance of Construction Account at June 30, 2013 Construction Funds available at June 30, 2013 3. Investments - BB &T at June 30, 2013 Estimated Type Yield Construction Fund: 0.12 $ 5,500,000 $ 8,277 $ (42,700) $ (5,000) $ (5,264,747) $ (5,312,447) $ 195,830 $ 195,830 $ 195,830 ADJ: Outstanding Amounts Due Balance at June 30, 2013 4. General Bond Information Issued: 2010 Matures: 2020 Bond Interest Rate: 3.51% FY 2013 budgeted bond payment as % of total assessments. 41% Principal $ 195,830 $ 195,830 14 Port of the Islands Community Improvement District Construction Schedule AMOUNT OF I COI CAPITAL I Water Treatment REQ. # Date CONTRACTOR REQUISITION OUTLAY Plant Co: 10/20/10 Greenberg Traung $ 10,000.00 $ 10,000.00 32 COI 10/20/10 BUT $ 2,700.00 $ 2,700.00 34 COI 10/20/10 nagesnt Svcs Sevem Trent Ma m $ 15,000.00 $ 15,000.00 35 Col 11/02/10 Dan Cox $ 15,000.00 $ 15,000.00 36 1 11109110 Pot of the Islands CID (reimb) $ 321537,00 S 321,537.00 586,766.70 $ 321,537.00 2 11/18/10 South Florida Excavation $ 26,503.75 $ 26.503.75 647,523.09 S 26,503.75 3 11124/10 Naples Dairy News $ 151.02 $ 151.02 43,671.50 $ 151.02 4 01104/11 Century Link $ 264110.88 $ 26,310.88 25,609.59 $ 26,310.88 5 12/16/10 South Florida Excavation $ 18,008.90 $ 18,008.90 174,822.68 $ 18,008.90 fi 02!01 /11 Hole Mantes $ 2551.25 $ 2,561,25 73,011.00 S 2,581.25 7 02!01111 Hole Monies $ 16200.00 $ 16,200.00 240,418.36 11; 16,200.00 a 02/01/11 Hole Monte$ $ 13206.91 $ 13,20&91 246,740.07 $ 13,208.91 9 02/10/11 Benchmark EnviroAnalytkal, Inc. $ 1,019.00 $ 1,019.00 48,232.19 $ 1,019.00 10 02117/11 Hole Monies $ 1,982.50 $ 1,982.50 89,577,03 $ 1,982.50 11 03107111 Hole Monte$ $ 6,250.00 $ 6,250.00 30,577.50 6 6,250.00 12 03/18111 South Florida Excavation $ 12,782.00 $ 12,752.00 62,629.20 $ 12,782.00 13 03129/11 Cardinal Contractors $ 27,01)0,00 $ 27,000.00 12,168.50 $ 27,000,00 14 04/06/11 Hole Monies $ 13,850.DO $ 13,850.00 65,278.80 S 13,850.00 15 05/05111 South Florida Excavation $ 18,587.25 $ 18,587.25 9,027.29 $ 16,587.25 18 05118!11 Cardinal Contractors $ 95,026.60 $ 95,028.60 20,000.00 S 95,028.60 17 05119/11 Hole Monte$ $ 39,565.00 $ 39,565.00 207,111.76 $ 39,565.00 18 06114/11 KW Controls $ 1,036.60 $ 11038.60 19,680.00 $ 1,038.60 19 08/14/11 Cardinal Contractors $ 196,572.00 $ 196,572.08 13,632.50 $ 196,572.08 20 07106/11 Hole Monies $ 19,575.00 $ 19,575.00 33,088.00 S 19,575.00 21 07/22/11. Cardinal Contractors $ 170,192.15 $ 170,192,15 49,981.80 $ 170,192.15 22 07/27/11 Hole Monies $ 22,325.00 $ 22,325.00 3,045.00 E 22,325.00 23 0 8119/11 Cardinal Contractors $ 156,352.50 $ 158,352.50 195289.60 S 156.352.50 24 0811 134/ Hole Monies $ 19,700.00 $ 19,700.00 21,350.41 S 19,700.00 25 09/14/71 South Florkla Excavation $ 6,971.40 $ 6,971.40 33,278.67 S 6,971 AO 26 00/14/11 South Florida Excavation $ 4,601.85 $ 4,801.85 52,400.10 S 4,601.85 27 09/14/11 Cardinal Contractors $ 278,892.77 $ 278,892.77 3,282 045.66 $ 278,692.77 28 09/27111 Michael Evans Computers $ 3,255.00 $ 3,255.00 5,989.71 $ 3,255.00 29 10/17/11 Cardinal Contractors $ $5,416.29 $ 85,416.29 151,858.93 $ 85,416.29 30 11103!11 Hole Monies $ 832.50 $ 832.50 10,027.10 $ 632.50 31 1,11011 Hole Monies $ 43,975.00 $ 43,975.00 48,566.70 $ 43,975.DO 33 11/23111 KW Controls $ 24,337.00 $ 24,337.00 9,170.00 $ 24,337.00 15 TOW FY 2011 $ 1,717 261.20 $ 1,674 561.20 $ 42,700.00 $ 1,674 561.20 32 11/14/11 Cardinal COntlaetors S 266,314,14 $ 266,314.14 $ 266,314.14 34 12/15111 South Florida Excavation $ 4,601.85 $ 4,601.85 $ 4,601.85 35 12/15/11 SCI Technologies $ 7,121.33 $ 7,121.33 $ 7,121.33 36 12/15111 ITT Water Equipment Tech $ 586,766.70 $ 586,786.70 $ 586,766.70 37 12/15111 Cardinal Contractors $ 647,523.09 S 647,523.09 $ 647,523.09 38 12130/11 Hole Monies $ 43,672.50 $ 43,672.50 $ 43,671.50 39 01/24112 Hole Mantes $ 25.609.59 $ 25.609.59 $ 25,609.59 40 01/24112 Cardinal Contactors $ 174,822.68 $ 174,822.66 $ 174,822.68 41 01/30/12 KW Controls $ 73,011.00 $ 73,011.00 $ 73,011.00 42 02/24/12 Cardinal Contractors E 240,415.36 $ 240,416,36 $ 240,418.36 43 03115/12 Cardinal Contractors $ 246,740.07 S 246,740.07 $ 246,740.07 44 04/05!12 Hob Monies $ 48,232.19 S 48,232.19 S 48,232.19 45 04123/12 Cardinal Contractors S 89,577.03 S 89.571.03 $ 89,577,03 45 05105112 ITT Water Equipment Tech S 30,577.50 $ 30,577.50 $ 30,577.50 47 05/16/12 Cardinal Contractors S 62,62920 $ $2,629.20 $ 62,629.20 48 05117/12 KW Controls $ 12,168.50 S 12,188.50 $ 12,168.50 49 06/12/12 Hole Monlas $ 85,276.80 $ 65,276.00 $ 65,278.80 50 04/12/12 Severn Trent Environmental Svcs $ 9,02729 $ 9,02729 $ 9,027.29 51 08/12/12 SCI Technologies $ 20,000.00 $ 20,000.00 S 20,000.00 52 06/13/12 Cardinal Contractors $ 207,111.76 E 207,111.78 S 207,111.76 53 06!29112 Solo's Lawn Senice, Inc. S 18,680.00 S 19,680.00 $ 19,680.00 54 D7/18/12 Cardinal Contractors S 13,632.50 $ 13,632.50 $ 13,632.50 55 0725/12 W.E. Johnson Equfjlmenl $ 33,088.00 $ 33,088.00 $ 33,088.00 56 00103112 Hole Monies $ 49,961.80 $ 49,981.80 $ 49,981.80 57 09/04/12 Severn Trent Environmental Svcs S 3,045.00 $ 3,045.00 $ 3,045.00 58 09 /04/12 Cardinal Contractors S 195,289.80 $ 195,289.80 $ 195289.60 59 09/19112 Hole Monte$ $ 21,350.41 S 21,350.41 $ 21,350.41 60 09/19/12 SCI Technologies S 33,278.57 $ 33.278.67 $ 33,278.67 81 09/19/12 Cardinal Contractors S 52,40D.10 $ 52,400.10 $ 52,400.10 Total FY 2012 $ 3 282,945.66 3982,M.66 S 3,282 045.66 62 10/16112 RMA Geological Consultants $ 5,989.71 $ 5,989.71 $ 5,989.71 63 10/16112 Cardinal Contractors S 151,858.93 $ 151,858.93 $ 151,858.93 94 11101 /t2 Hole Monies S 10,027.10 $ 10,027.10 $ 10,027.10 65 12/11/12 Severn Trent $ 48,666.70 S 48,566.70 S 48,566.70 66 01/l RMA Geological Consultants S 9.170.00 $ 9,170.00 $ 9,170.00 67 01/17/13 Hole Monies $ 8.138.33 $ 8,13833 $ 8,138.33 68 01/17/13 RMA Geological Consultants $ 16,745.71 $ 16,745.71 $ 16,745.71 69 01/17/13 Severn Trent $ 1,568.75 $ 1,568.75 $ 1568.75 70 02105113 Cardinal Contractors $ 26,705.15 $ 26,705.15 $ 26,705.15 71 021054/3 KW Controls $ 12,166.50 $ 12,168.60 $ 12,168.50 72 02/05/13 Hole Monies E 2,532.57 $ 2,532.57 $ 2,532.57. 73 0221/13 KW Controls $ 12,166.50 $ 12,168.50 $ 12,168.50 74 0423/13 RMA Geological Consultants $ 1,600.00 $ 1,600.00 $ 1,600,00 Total FY 2013 307 239.95 307 239,95 li $ 30772-39-9-5-1 Grand Total $ 5,307,446.81 $ 5,264,746.81 42,700.00 S 5,264 748.81 ,r<w..w.r.,.,.w.,.,m.err.,re Inlaresl . �mmumvaaor« ua+ �nmrrer», x;mmww >,ew,.wa�we,,.aew�a',ew„ swam„ v�mvaw .�a..,s >ave.��.zsmsmws,..�,a FY 2011 Interest $ 5,743.88 FY 2012 Inierost $ 2,291.47 FY 2013 Interest $ 241.68 $ 8,277.03 15 Q U O 6 _ 5° An N c W O CL ~ {L E O ? F 0 E Oo IL U a m �r E m `D 0 0 a fs c� E10 iL CL o� CL E U 2 6 y� LL O LL R ZL g - tl � IE31II1 a c 0 0 6 g L2 Q r m N y_p7 N E a c Y Q a E a U H Q U g° N W � E LL. — O z F- 0 U .6 E .g g 8 PORT OF THE ISLANDS Community Improvement District $ - $ General Fund Cash Flow Projections 6,902 - 99,460 31.Iu1 31 -Aug 30-Sep 1,547 2013 2013 2013 Cash Beginning Balance $ 974,208 $ 1,145,091 $ 1,117,748 Cash Inflow 178 178 132,807 Cash Outflow (29,618) (27,521) (27,521) 333 - - 151,050 CD Investment ProfServ- Engineering 1,317 1,317 Add: Prepaid items 1.947 - 2,344 Add: Due from WS Fund 208,778 - 2,364 Less: Current Liabilities (as of 6130/13) (10,402) Total Estimated Cash Balance S 1,146,081 S 1,117,748 $ 1,374,084 Cash Special Assessments - Levy $ $ - $ 33,169 Special Assessments - Delinquent (prior yr) 6,902 - 99,460 Special Assessments - Discount 1,547 1,547 1,547 Interest 178 178 178 Total Cash Inflow $ 178 S 178 $ 192,807 Adndnistasve $ Soo $ 500 $ 500 PIR -Board of Supervisors 333 333 333 FICA Taxes 38 38 38 ProfServ- Engineering 1,317 1,317 1,317 ProfSery -Legal Services 2,344 2,344 2,344 ProfServ-Mgmt Consulting Sery 2,364 2,364 2,364 Annual Audit 2 Telephone 2 2 Postage and Freight 90 90 90 Rental - Meeting Room 25 25 25 Insurance - General Liability 1,695 " Printing & Binding 144 144 144 Legal Advertising 432 432 Miscellaneous Services 115 115 115 Misc: Assessmnt CoOection Cost 634 - - Misc -Web Hosting - - 13 office Supplies 13 13 Total Adminiatradw $ 9,479 $ 7,382 $ 7,382 Maintenance Contracts - Mgmt Services $ 8,333 $ 8,333 $ 8,333 Contracts - Landscape 6,902 6,902 6,902 Electricity - Streetlighting 1,547 1,547 1,547 Utility - Irrigation 1,195 1,195 1,195 R&M - Renewal & Replacement 494 494 494 R&M - Roads 1,333 1,333 1,333 R &M - Signage 333 333 333 CIP` Total Maintenance $ 20,138 $ 20,138 $ 20,138 Total Cash Outflow S 29,818 S 27,621 S 27,621 *NOTES: Estimated CIP costs for the anticipated projects are shown quarterly. Delinquent assessments from hotel parcel are reflected as received In Sep 2013. Actual receipt date unknown. 18 PORT OF THE ISLANDS Water and Sewer Fund Community Improvement District Cash Flow Projections 31-Jul 31 -Aug 30 -Sep 2013 2013 2013 Cash Beginning Balance $ 219,749 $ (20,288) $ (46,690) Cash Inflow 18,417 18,417 364,317 Cash Outflow - Expenses (48,339) (44,819) (207,700) Add: Prepaid Items 2,420 2,344 - Less: Due to General Fund (208,778) - - Less: Current Liabilities (as of 6/30/13) (3,757) - ' Total Fwd Cash Balance $ (20.288) S (46,690) S 108,928 Cash Receipts Special Assessments - Levy $ $ $ 86,468 Special Assessments - Delinquent (prior yr.) - 259,432 Special Assessments - Discount WaterlSewer /Irrigation Revenue 16,389 18,389 18,389 Interest/MisceAaneous 28 28 28 Total Cash kfbw $ 18,417 S 18,417 $ 384,317 Kau Administraflvo P/R -Board of Supervisors $ 500 $ 500 $ 500 FICA Taxes 38 38 38 ProfServ- Engineering 1,317 1,317 1,317 ProfServ-Legal Services 2,344 2,344 2,344 ProfServ-Mgmt Consulting Sery 2,374 2,374 2,374 Annual Audit - - ' Telephone 2 2 2 Postage and Freight 59 59 59 Rental - Meeting Room 25 25 25 Insurance - General Liability 1,695 - - Printing & Binding 108 108 108 Legal Advertising - 351 361 Miscellaneous Services 209 209 209 Misc.- Assessmnt Collection Cost 2,176 - - Office Supplies 15 15 15 Total Administrative $ 10,852 $ 7,342 $ 7,342 Makrtsrance Contracts - Mgmt Services $ 25,794 $ 25,794 $ 25,794 Contracts - Other Services - - Communication - Teleph - Field 408 408 408 utility - General 6,813 6,813 6,813 R &M - Irrigation 719 719 719 R &M - Water Plant 2,048 2,046 2,048 R &M - Waste Water Plant 1,693 1,693 1,693 CIP' - - 162,881 Total MakRsnanee $ 37,477 $ 37,477 $ 200,358 19 PORT OF THE ISLANDS Water and Sewer Fund Community Improvement District Cash Flow Projections 31-.1ul 31-Aug 304* 2013 2013 2013 Debt Service Principal and Interest $ $ $ Total Debt Service $ $ $ - Total Cash Outlaw $ 48,339 $ 44,819 $ 207,780 'NOTES: Estimated CIP costs for the anticipated projects are shown quarterly. Delinquent assessments from hotel parcel are reflected es received in Sep 2013. Actual receipt date unknown. 20 PORT OF THE ISLANDS Community Improvement District All Funds PROJECTIONS Proposed Proposed Proposed GENERAL FUND FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Adopted Proposed Proposed Proposed Proposed $1,089,624 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Operatina Revenues Assessments $417,984 $417,984 $417,984 $417,984 $417,984 Interest/Miscellaneous $2,177 $2,090 $13,741 $14,246 $14,643 Total Operating Revenues $ 420, 161 $ 420,074 $431,725 $432,230 $432,627 Operatina Expenditures Administrative $120,826 $119,794 $123,388 $127,089 $130,902 Maintenance $223,540 $250,280 $257,788 $265,522 $273,488 Total Operating Expenditures $344,366 $370,074 $381,176 $392,612 $404,390 Capital Expenditures CIP Projects $70,894 $50,000 $0 $0 $0 Total Capital Expenditures $70,894 $50,000 $0 $0 $0 Estimated Beginning Cash Balance Estimated Endina Cash Balance' WATER AND SEWER ENTERPRISE FUND Adopted Proposed Proposed Proposed Proposed FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Operatina Revenues Assessments $1,089,824 $1,089,624 $1,089,624 $1,089,624 $1,089,624 Water /Sewer /Irrigation Revenue $208,000 $215,000 $215,000 $215,000 $215,000 Interest/Miscellaneous $2,838 $578 $2,838 $2,838 $2,838 Total Operating Revenues $1,300,462 $1,305,202 $1,307,462 $1,307,462 $1,307,462 Operating Expenditures Administrative $141,498 $143,047 $143,047 $143,047 $143,047 Maintenance $430,411 $482,795 $482 795 $482,795 $482,795 Total Operating Expenditures $571,909 $625,842 $825,842 $625,842 $625,842 Capital Expenditures CIP Projects $50,000 $24,000 $54,796 $64,796 $64,796 Total Capital Expenditures $50,000 $24,000 $54,796 $64,796 $64,796 Debt Service Principal and Interest $655,360 $655,360 $655,360 $655,360 $655,360 Total Debt Service $655,360 $655,360 $655,360 $655,360 $655,360 21 1 1 1 I 1 I I I I N('1 In 1 OOOON N 1 H %D OOOh Oh r-1 r MO M I 14 P, 1D I H I U.11 I-a W 1D 1 iDNh 1 00 NHUI h C IllO OID Ori ul 1 N 9 N 1 ,D b 1 I I 1 1 1 I 10 10 1 I C I 1 OO m lD In O 1 C W III +A i w my m 1 Ol in Q 1 1 I E I 1 Ill Ln w ch 1D H 1 OI ri NNO]N r•i Ill 1 Olh h I 1 1 0 1 1 N H N 1•i lD N 1 V) V) to 111 H (? 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C C N W m O1 c 1 E U O El 0 a° v m m T 0 C 0 9 o °o � 0 0 N � U E E E o E > > > E °0 0 o E o N U Q U of oC oC oC -a 0 L 0 o O o L t L L U U U U U g a n n ma cx T T } T T E E E E E c°n I� Ii0 I'D °0 �c°0 �q E o' N m m � 3 3 7 � r N N 1 C O O o b m 3 3 i V v Ix a E U .= c 0 U tq oa � m m o O L L U U O O a r E E CS 169 m m W iV C] _M in V 0 0 8 ch M � m L U 0 O a 0 N N 0 N O 0 U PORT OF THE ISLANDS Community Improvement District Annual Operating and Debt Service Budget Fiscal Year 2014 Version 4 - Modified Tentative Budget: (Printed on 715/2013 at 11am) Prepared by: PORT OF THE ISLANDS Community Improvement District Table of Contents Page # OPERATING BUDGET General Fund Summary of Revenues, Expenditures and Changes in Fund Balances ................................... 1 -2 BudgetNarrative .......................................................................... ............................... 3 -5 Exhibit A - Allocation of Fund Balances ............................................. ............................... 6 Water and Sewer Fund Summary of Revenues, Expenditures and Changes In Fund Balances .... ............................... 7 -8 BudgetNarrative .......................................................................... ............................... 9-12 AmortizationSchedule ................................................................... ............................... 13 SUPPORTING BUDGET SCHEDULES 2013 -2014 Non -Ad Valorem Assessment Summary ......................... ............................... 14 CIPSchedule .......................................................................... .....................I......... 15 Port of the Islands Community Improvement District Operating Budget Fiscal Year 2014 PORT OF THE ISLANDS Community Improvement District General Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2014 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JUL PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2011 FY 2012 FY 2013 JUN -2013 SEP -2013 FY 2013 FY 2014 REVENUES Interest - Investments $ 6,315 $ 5,018 $ 2,177 $ 1,612 $ 537 $ 2,149 $ 2,090 Net lncr(Decr)InFMV- Invest 2,159 3,456 - 1,839 - 1,839 - Interest - Tax Collector 166 34 - 32 - 32 - Special Assmnts- Tax Collector 402,233 402,231 435,400 402,231 33,169 435,400 435,400 Special Assmnts- Discounts (11,128) (11,204) (17,416) (8,552) - (8,552) (17,416) Other Miscellaneous Revenues 3,676 - - 1,575 - 1,575 - TOTAL REVENUES 403,421 399,535 420,161 398,737 33,707 432,444 420,074 EXPENDITURES Administrative 101,289 98,536 100,000 75,129 25,000 100,129 100,000 P/R -Board of Supervisors 5,700 6,200 7,000 5,300 1,500 6,800 7,000 FICA Taxes 436 474 536 405 115 520 536 ProlServ- Engineering 21,523 22,923 26,000 11,850 3,950 15,800 26,000 ProfSew -Legal Services 30,200 38,472 12,500 21,098 7,033 28,131 12,500 ProlServ-Mgmt Consulting Sew 26,867 27,539 28,365 21,274 7,091 28,365 29,216 ProlServ- Property Appraiser - 6,531 6,531 6,531 4,000 6,531 6,531 ProfServ- Special Assessment 8,755 8,974 9,243 9,243 - 9,243 9,520 Auditing Services 3,750 3,500 3,750 3,500 - 3,500 3,750 Communication - Telephone 22 36 100 14 5 19 100 Postage and Freight 1,129 1,071 1,500 809 270 1,079 1,200 Rental - Meeting Room 325 325 350 225 75 300 350 Insurance - General Liability 7,830 7,690 8,844 6,156 1,695 7,851 9,028 Printing and Binding 1,578 1,239 2,000 646 431 1,077 1,300 Legal Advertising 475 831 2,200 135 865 1,000 1,000 Miscellaneous Services 482 890 1,375 419 345 764 1,380 Misc- Assessmnt Collection Cost (3,801) 4,816 8,708 7,874 834 8,708 8,708 Misc -Web Hosting - 119 11000 969 - 969 1,000 Office Supplies 446 261 650 115 38 153 500 Annual District Filing Fee 175 175 175 175 - 175 175 Total Administrative 1053894 132,066 120,827 96,738 24,245 120,983 119,794 Field Contracts- MgmtServt a 101,289 98,536 100,000 75,129 25,000 100,129 100,000 Gonlracts- Landscape 97,639 83,115 79,440 64,570 20,707 85,277 82,830 Electricity - Streetlighting 13,439 15,615 16,500 ' 3,924 4,641 18,565 19,000 Utility - Irrigation 6,559 12,670 12,600 10,754 3,565 14,339 12,600 R &M- Renewal and Replacement 17,126 12,325 10,000 8,516 1,482 10,000 30,850 R &M- Irrigation - - - I R &M -Roads & Alleyways - 4,000 - 4,000 4,000 4,000 R &M- Signage - - 1,000 - 1,000 1,000 1,000 Capital Outlay - - 70,894 - 50,000 Total Field 236,052 223,261 294,434 172,895 60,415 233,310 300,280 TOTAL EXPENDITURES 341,946 355,327 415,261 269,633 84,661 354,294 420,074 Excess (deficiency) of revenues Over(under)expenditures 61,475 44,208 4,900 129,104 (50,954) 78,150 Annual Operating and Debt Service Budget Fiscal Year 2014 1 PORT OF THE ISLANDS Community Improvement District Genera! Fund Summary of Revenues, Expenditures and Changes in Fund Balances Fiscal Year 2014 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JUL PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2011 FY 2012 FY 2013 JUN -2013 SEP -2013 FY 2013 FY 2014 OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance - - 4,900 - - - TOTAL OTHER SOURCES USES 4,900 Net change in fund balance 61,475 44,208 4,900 129,104 (50,954) 78,150 - FUND BALANCE, BEGINNING 1,100,673 1,162,148 1,206,356 1,206,356 - 1,206,356 1,284,506 FUND BALANCE, ENDING $1,162,148 $1,206,356 $1,211,255 $ 1,335,460 $ (50,954) $ 1,284,506 $ 1,284,506 Annual Operating and Debt Service Budget Fiscal Year 2014 2 PORT OF THE ISLANDS Community Improvement District General Fund Budget Narrative Fiscal Year 2014 REVENUES Interest - Investments The District earns interest on the monthly average collected balance for their operating accounts. Special Assessments -Tax Collector The District will levy a Non -Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Special Assessments- Discounts Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 41% of the anticipated Non -Ad Valorem assessments. EXPENDITURES Administrative PIR -Board of Supervisors Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year Is based on 5 Board members paid for attending 14 meetings. The fees will be split evenly with the Water & Sewer Fund. FICA Taxes Payroll taxes for supervisor salaries are calculated as 7.65% of payroll. Professional Services - Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments. The budgeted amount for the fiscal year is based on prior year spending and anticipated costs. The cost will be split evenly with the Water & Sewer Fund. Professional Services -Legal Services The District's Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research as directed by the Board of Supervisors and the District Manager. The fees will be split evenly with the Water & Sewer Fund based on the percent budgeted for each fund. Professional Services- Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Severn Trent Environmental Services, Inc. Professional Services - Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The FY2014 budget for collection costs was based on 1.5% of the anticipated assessment collections. Annual Operating and Water /Sewer Budget Fiscal Year 2014 PORT OF THE ISLANDS Community Improvement District General Fund Budget Narrative Fiscal Year 2014 EXPENDITURES Administrative (continued) Professional Services- Special Assessment The District has contracted with Severn Trent Management Services, Inc. to levy annual assessments, update the District's tax roll, prepare estoppel letters and handle any customer service questions regarding assessments. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. Costs will be split evenly with the Water & Sewer Fund. Communication - Telephone Telephone and fax transmission expenditures. The budgeted amount for the fiscal year Is based on prior year spending. Costs will be split evenly with the Water & Sewer Fund. Postage and Freight This represents costs associated with actual postage and /or freight used for District mailings Including agenda packages, vendor checks and other correspondence. The fees will be split evenly with the Water & Sewer Fund. Rentals — Meeting Room The District is charged $50 per occurrence for the use of the meeting room at which the District's meetings are held. The district anticipates holding 14 meetings. This fee will be split evenly with the Water & Sewer Fund. Insurance — General Liability The District currently has its Insurance Policy with the Florida Municipal Insurance Trust. This includes general liability, storage tank and property insurance. The FY 2014 budget includes an estimated 15% increase of the actual FY 2013 premium. Printing and Binding This represents costs associated with copies used in the preparation of agenda packages, required mailings, and other special projects. The budgeted amount for the fiscal year is based on prior year spending. The fees will be split with the Water & Sewer Fund based on the percent budgeted for each fund. Legal Advertising The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation. The board will advertise for their meetings annually. The fees will be split with the Water & Sewer Fund based on the percent budgeted for each fund. Miscellaneous Services This includes monthly bank charges and any other miscellaneous expenses that may be incurred during the year. Miscellaneous- Assessment Collection Costs The District reimburses the Collier County Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming_ The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The FY2014 budget for collection costs was based on a maximum of 2% of the anticipated assessment collections. Annual Operating and Water /Sewer Budget Fiscal Year 2014 4 PORT OF THE ISLANDS Community Improvement District Genera! Fund Budget Narrative Fiscal Year 2014 EXPENDITURES Administrative (continued) Miscellaneous -Web Hosting The District expects to incur costs associated with Web Hosting. Office Supplies Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. Annual District Filing Fee The District is required to pay an annual fee of $175 to the Department of Community Affairs. Field Contracts -Mgmt Services The District has contracted with Severn Trent Environmental Services to provide operating, maintenance and field management services. This contract includes a predetermined amount of R &M costs. Costs above the specified amount are recorded as 'R &M-Renewal and Replacement'. Any unused R &M costs are returned to the district. Contracts- Landscape Soto's Lawn currently provides monthly landscape services to the district for a monthly fee of $6,902 ($82,830 /year). Electricity - Streetlighting The District currently has 3 electric accounts with Lee County Cooperative for streetlights located on District Roads. Expenses are based on prior year's electric bills. The district receives a reimbursement for a portion of the decorative street lighting from Orchid Cove. Account No. Service Address 0051120000 0 Eveningstar Cay 4941120000 Newport Drive 5741120000 262 Stella Maris Utility - Irrigation The District is currently being billed by the Water /Sewer Fund of Port of the Islands CID for irrigation water for the common areas that the District is required to maintain. R &M- Renewal and Replacement Various costs incurred as needed including but not limited to the entrance, monuments, lighting and lake mgmt. R &M- Irrigation Various repair and maintenance to irrigation system (above ground) including wet checks, rain sensors and valve repairs. R &M -Roads & Alleyways Expenses incurred while maintaining District roadways. R &M- Slgnage This category includes costs for maintaining or replacing signage throughout the District. Capital Outlay Monies spent on capital improvement projects as identified by the board. Annual Operating and Water /Sewer Budget Fiscal Year 2014 PORT OF THE ISLANDS Community Improvement District General Fund Exhibit "A" Allocation of Fund Balances AVAILABLE FUNDS Amount Beginning Fund Balance - Fiscal Year 2014 $ 1,284,506 Net Change in Fund Balance - Fiscal Year 2014 - Reserves - Fiscal Year 2014 Additions - Total Funds Available Estimated - 9/3012014 1,284,506 ALLOCATION OF AVAILABLE FUNDS Assigned Fund Balance Operating Reserve - First Ouarter Operating Capital 105,018 ICI Subtotal 105,018 Total Allocation of Available Funds 105,018 Total Unassigned (undesignated) Cash $ 1,179,488 Notes (1) Represents approximately 3 months of operating expenditures Annual Operating and Debt Service Budget Fiscal Year 2014 6 PORT OF THE ISLANDS Community Improvement District Water And Sewer Fund Summary of Revenues, Expenses and Changes in Net Assets Fiscal Year 2014 Proposed Budget ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JUL PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2011 FY 2012 FY 2013 JUN -2013 SEP -2013 FY 2013 FY 2014 OPERATING REVENUES Interest - Investments $ 61244 $ 2,686 $ 2,838 $ 266 $ 89 $ 355 $ 578 Water Revenue 41,379 41,089 43,000 34,098 11,366 45,464 45,000 Sewer Revenue 58,819 62,574 65,000 53,758 17,919 71,677 70,000 Irrigation Fees 93,629 82,528 100,000 74,650 24,883 99,533 100,000 Meter Fees - 2,500 28,482 - - - - Net Incr (Decr) In FMV- Invest 4,021 6.435 - 3,424 - 3,424 - Special Assmnts• Tax Collector 1,048,566 1,048,559 1,135,025 1,048,558 86,469 1,135,027 1,135,025 Special Assmnts- Discounts (29,009) (29,206) (45,401) (22,294) - (22,294) (45,401) Other Miscellaneous Revenues 19,379 5,045 - 5,760 - 5,760 - TOTAL OPERATING REVENUES 1,243 028 1,222,210 1,300,462 1,198,220 140,726 1,338 946 1,305 202 OPERATING EXPENSES Personnel and Administration P!R -Board of Supervisors 5,700 6,200 7,000 5,300 1,500 6,800 7,000 FICA Taxes 436 474 536 405 115 520 536 ProfServ- Engineering 37,564 22,923 26,000 11,850 3,950 15,800 26,000 ProfServ-Legal Services 30,200 38,472 12,500 21,098 7,033 28,131 12,500 ProfServ- Mgm1Consulting Sery 26,978 27,652 28,482 21,362 7,120 28,482 29,336 ProfSery -Property Appraiser - 17,025 17,025 17,025 - 17,025 17,025 ProfServ- Special Assessment 7,468 7,655 7,885 7,885 - 7,885 8,122 ProfServ- Utility Billing 15,155 9,053 - - - - - Auditing Services 3,750 3,500 3,750 3,500 1,125 3,500 3,750 Communication - Telephone 21 36 100 13 5 18 100 Postage and Freight 561 696 1,000 534 178 712 1,200 Rental - Meeting Room 325 325 350 225 75 300 350 Insurance - General Liability 7,830 7,690 8,270 5,757 1,695 7,452 9,028 Printing and Binding 986 930 1,500 485 323 808 1,300 Legal Advertising 353 670 1,600 98 702 800 1,000 Miscellaneous Services 1,371 2,265 2,050 1,880 627 2,507 2,600 Misc- Assessmnt Collection Cost 20,371 12,660 22,701 20,525 2,176 22,701 22,701 Office Supplies 517 305 750 135 45 180 500 Depreciation Expense 308,309 321,266 - - - - - Total Personnel and Administration 467,895 479,797 141,499 118,077 25,543 143,620 143,047 Water -Sewer Comb Services Contracts-Mgmt Services 304,000 299,592 309,533 232,543 77,383 309,926 309,633 Contracts -Other Services 1,750 1,750 2,000 1,750 - 1,750 1,750 Communication - Teleph - Field 3,867 4,033 4,512 3,674 1,225 4,899 4,512 Utility - General 79,963 81,516 80,C00 61,320 20,440 81,760 83,000 R &M- Irrigation 28,121 38,517 10,000 7,842 2,158 10,000 20,500 R &M- WalerPlant 21,415 45,712 10,000 18,436 6,145 24,581 14,000 R &M -Wasta Water Plant 46,609 82,093 9,866 15,238 5,079 20,317 45,000 Misc -Bad Debt - 2,079 - 1,267 - 1,267 - Misc- Licenses & Permits 4,375 5,375 4,500 3,375 1,125 4,500 4,500 Cap Outlay - Irrigation - - 27,516 - 27,516 Annual Operating and Debt Service Budget Fiscal Year 2014 7 PORT OF THE ISLANDS Community Improvement District Water And Sewer Fund Summary of Revenues, Expenses and Changes in Net Assets Fiscal Year 2014 Proposed Budget Annual Operating and Debt Service Budget Fiscal Year 2014 8 ADOPTED ACTUAL PROJECTED TOTAL ANNUAL ACTUAL ACTUAL BUDGET THRU JUL PROJECTED BUDGET ACCOUNT DESCRIPTION FY 2011 FY 2012 FY 2013 JUN -2013 SEP -2013 FY 2013 FY 2014 Cap Outlay -Water Plant - - 50,000 125,730 162,882 288,612 4,000 Cap Outlay -Waste Water Plant - - - - - - 20,000 Total Water-Sewer Comb Services 490,100 560,667 480,411 498,691 276,438 775,129 505,795 Debt Service Principal Debt Retirement - - 497,303 - - - 514,758 Interest Expense 179,380 174,899 158,056 92,200 65,856 150,056 140,601 Total Debt Service 179,380 174,899 655,359 92,200 65,856 158,056 655,360 TOTAL OPERATING EXPENSES 1,137,375 1,215,353 1,277,269 708,968 367,836 1,076,804 1 305 202 Operating income (loss) 105,653 6,847 23,193 489,252 (227,110) 262142 0 OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance - - - - - - - TOTAL OTHER SOURCES USES - - Change in net assets 105,653 6,847 23,193 489,252 (227,110) 262,142 0 TOTAL NET ASSETS, BEGINNING 7,436,046 7,541,699 7,548,546 7,548,546 - 7,548,546 7,810,688 TOTAL NET ASSETS, ENDING $7,541,699 $ 7,548,546 $ 7,571,739 $ 8,037,798 $ (227,110) $7,810,688 $7,810,688 Annual Operating and Debt Service Budget Fiscal Year 2014 8 PORT OF THE ISLANDS Community Improvement District Budget Narrative Fiscal Year 2014 Water and Sewer Fund REVENUES Interest - Investments The District earns interest income on their operational accounts. Water Revenue Based on prior year's budget and water consumption and anticipated use. Sewer Revenue Based on prior year's budget and waste water consumption and anticipated use. Irrigation Fees Based on prior year's budget and irrigation water consumption and anticipated use. Special Assessments -Tax Collector The District will levy a Non -Ad Valorem assessment on all the assessable property within the District in order to pay for the debt service expenditures during the Fiscal Year. Special Assessments - Discounts Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments. EXPENDITURES Administrative P/R Board of Supervisor Salaries Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for a meeting attendance and to receive $200 per meeting plus payroll taxes. The amount for the Fiscal Year is based on 5 Board members paid for attending 14 meetings. The fees will be split evenly with the General Fund. FICA Taxes Payroll taxes for supervisor salaries are calculated as 7.650/6 of payroll. Professional Services - Engineering The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments. The fees will be split evenly with the General Fund. Professional Services -Legal Services The District's Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager. The fees will be split evenly with the General Fund. Professional Services - Management Consulting Services The District receives Management, Accounting and Administrative services as part of a Management Agreement with Severn Trent Management Services, Inc. Annual Operating and Water /Sewer Budget Fiscal Year 2014 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2014 EXPENDITURES Administrative (continued) Professional Services- Property Appraiser The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The FY2014 budget for collection costs was based on 1.5% of the anticipated assessment collections. Professional Services - Special Assessment The District has contracted with Severn Trent Management Services, Inc. to levy annual assessments, update the District's tax roll, prepare estoppel letters and handle any customer service questions regarding assessments. Auditing Services The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The fees will be split evenly with the General Fund. Communication - Telephone Telephone and fax machine expenses. The budgeted amount for the fiscal year is based on prior year spending. The fees will be split with the General Fund based on the percent budgeted for each fund. Postage and Freight This represents actual postage andtor freight used for District mailings including agenda packages, vendor checks and other correspondence. The fees will be split with the General Fund based on the percent budgeted for each fund. Rentals — Meeting Room The District is charged $50 per occurrence for the use of the meeting room at which the district's meetings are held. The district anticipates holding 14 meetings during the year. This cost will be shared evenly with the General Fund. Insurance — General Liability The District currently has its Insurance Policy with the Florida Municipal Insurance Trust. The FY 2014 budget includes an estimated 15% increase of the actual FY 2013 premium. Printing and Binding Copies used in the preparation of agenda packages, required mailings, and other special projects. The budgeted amount for the fiscal year is based on prior year spending and anticipated costs. The fees will be split with the General Fund based on the percent budgeted for each fund. Legal Advertising The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation. The board has chosen to advertise for their meetings annually. The fees will be split with the General Fund based on the percent budgeted for each fund. Miscellaneous Services This includes bank charges and any miscellaneous expenses that may be incurred during the year. Miscellaneous- Assessment Collection Cost The District reimburses the Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% an the amount of special assessments collected and remitted, whichever is greater. The FY2014 budget for collection costs was based on a maximum of 2% of the anticipated assessment collections. Annual Operating and Water /Sewer Budget Fiscal Year 2014 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2014 EXPENDITURES Administrative (continued) Office Supplies Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. The fees will be split with the General Fund based on the percent budgeted for each fund. Field Contracts -Mgmt Services The District has contracted with Severn Trent Environmental Services to provide operating, maintenance and field management services. This contract includes a predetermined amount of R &M costs. Costs above the specified amount are recorded as 'R &M- Renewal and Replacement'. Any unused R &M costs are returned to the district. Contracts -Other Services Preventative generator maintenance services will be provided by Superior Power. Communication — Teleph — Field Century Link and Sprint provide communication services to the District. The following accounts are included in this line item: Vendor Description Annual Amount Century Link Plant Land Line (239 -642 -9219) $3,180 Century Link Plant Fax Line (239 -642 -9392) 504 Simplex Grinnell Alarm Monitoring 744 Sprint Automated svc to notify Bob of power failures 84 Total $4,812 Utility - General The District currently has 10 electric accounts with Lee County Cooperative for irrigation, lift stations, water and waste water plant. The estimated cost is based on prior year's average monthly electric bills and anticipated use. Account No. Service Address Svc.Type 9741120000 25000 E. Tamiami Irrigation 1941120000 0 Port of the Islands Irrigation 3841120000 119 Newport Drive Irrigation 7841120000 Union Road Irrigation 0941120000 245 Stella Maris Drive Lift Station 1841120000 0 Newport Drive Lift Station 7624900000 160 Cays Drive Lift Station 6941120000 0 Cays Drive Lift Station 3083520000 0 Newport Drive Lift Station 3941120000 86112700 P Islands Waste Water R &M — Irrigation Repair and maintenance costs associated with the main pumps and other irrigation equipment at the plant. R &M — Water Repair and maintenance costs associated with the water plant. R &M — Waste Water Repair and maintenance costs associated with the waste water plant. Annual Operating and Water /Sewer Budget 1t Fiscal Year 2014 PORT OF THE ISLANDS Community Improvement District Water and Sewer Fund Budget Narrative Fiscal Year 2014 EXPENDITURES Field (continued) Miscellaneous - Licenses & Permits Costs incurred for various licenses and permits pertaining to the water and waste water plants including an annual drinking water license and waste water regulatory fee. Capital Outlay — Water Plant Funds spent on capital improvement projects for the water plant. • W -22 $4,000 FIRE HYDRANT REPLACEMENT Capital Outlay — Waste Water Plant Funds spent on capital improvement projects for the waste water plant. • Ww -24 $20,000 MBR MEMBRANES Debt Service Principal Debt Retirement Principal payment due on Series 2010 bond. Interest Expense Interest payment due on Series 2010 bond. Annual Operating and WatedSewer Budget Fiscal Year 2014 12 PORT OF THE ISLANDS Community Improvement District Dabt Amortization Series 2010 Bond Period Coupon Debt Annual Dabt Endhrp Principal Rate Intsroat service SarviOs 11/1/2013 $70,300.56 $70,300.56 5/112014 $514,758.49 3.510% $70,300.58 $585,059.05 $655,359.61 11/112014 $81,266.55 $61,266.55 5/1/2015 $532,826.51 3.510% $61,266.55 $594,093.06 $655,359.61 11/112015 $51,915.45 $51,915.45 5/1/2016 $551,528.72 3.510% $51,915.45 $603,444.17 $655,359.62 11/112016 $42,236.12 $42,236.12 5/1/2017 $570,887.38 3. 510% $ 42,235.12 $613,123.50 $655,359.62 11/1/2017 $32,217.04 $32,217.04 5/112018 $590,925.52 3.510% $32,217.04 $623,142.56 $655,359.60 11/112018 $21,846.30 $21,846.30 5/1/2019 $611,667.01 3.510% $21,846.30 $633,513.31 $655,359.61 111112019 $11,111.55 $11,111.55 5/112020 $633,136.52 3.510% $11,111.55 $644,248.07 $655,359.62 Total $4, 005, 730.15 $5111,787.14 $4,587,517.29 $4,587,517.29 Annual Operating and Debt Service Budget Fiscal Year 2014 13 Port of the Islands Community Improvement District Supporting Budget Schedules Fiscal Year 2014 PORT OF THE ISLANDS Community Improvement District Port of the Islands Community Improvement District Non -Ad Valorem Assessment Roll FY 2013 -2014 Product Type Maint. ERC Allocation MalnVERC $ 400 W/S ERC Allocation W/S Standby $1,124 $413 W/S Ca ital �� $711 Total per Product Hotel Room 1.00 $400 0.60 $248 $427 $1,074 Condo Unit 1.00 $400 0.80 $330 $569 $1,299 Single Family 1.00 $400 1.00 $413 $711 $1,524 Comparison FY 2013 to FY 2014 Product Tye Total FY 2014 Total Increase FY 2013 (Decrease) % Change Hotel Room $1,074 $1,074 $0 0% Condo Unit $1,299 $1,299 $0 0% Single Family $1,524 $1,524 $0 0% Annual Operating and Debt Service Budget Fiscal Year 2014 14 r 0 a d m N �f E� fb o a� c � E m >g o� a E a c a R U N � c O N1 a� W > F LL. L — O 0 E a� �o a= VOBerger, Toombs, Elam, Ca s & Frank C*rW -ed Pub k Accountants PL 600 Citrus Avenue Suite 200 Fort Pierce, Florida 34950 772/461.6120 // 461.1155 FAX: 7721468.9278 June 18, 2013 Mr. Stephen Bloom Sevem Trent Management Services 210 North University Drive, Suite 702 Coral Springs, FL 33071 The Objective and Scope of the Audit of the Financial Statements You have requested that we audit the financial statements of Port of the Islands Community Development District, which comprise governmental activities, each major fund and the budgetary comparison for the General Fund as of and for the year ended September 30, 2013 which collectively comprise the basic financial statements. We are pleased to confirm our acceptance and our understanding of this audit engagement by means of this letter for the year ending September 30, 2013 and thereafter for two annual renewals if mutually agreed by Port of the Islands Community Development District and Berger, Toombs, Elam, Gaines & Frank, Certified Public Accountants PL.. Our audit will be conducted with the objective of our expressing an opinion on the financial statements. The Responsibilities of the Auditor We will conduct the audit in accordance with auditing standards generally accepted in the United States of America and "Government Auditing Standards" issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. Fort Pierce / Stuart Member AICPA Member AICPA Division For CPA Finns Member FICPA Private Companies Practice Section Berger, Toombs, Elam. Gaines &Frank Port of the Islands Community Development District June 18, 2013 Page 2 Because of the inherent limitations of an audit, together with the inherent limitations of intemai control, an unavoidable risk that some material misstatements may not be detected exists, even though the audit is properly planned and performed in accordance with generally accepted auditing standards. Also, an audit is not designed to detect errors or fraud that are immaterial to the financial statements. The determination of abuse is subjective; therefore, Government Auditing Standards do not expect us to provide reasonable assurance of detecting abuse. In making our risk assessments, we consider internal control relevant to Port of the Islands Community Development District's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. However, we will communicate to you in writing concerning any significant deficiencies or material weaknesses In internal control relevant to the audit of the financial statements that we have identified during the audit. We will also communicate to the Board any fraud involving senior management and fraud that causes a material misstatement of the financial statements that becomes known to us during the audit, and any instances of noncompliance with laws and regulations that we become aware of during the audit. The funds that you have told us are maintained by Port of the Islands Community Development District and that are to be included as part of our audit are listed below: 1. General Fund 2. Water & Sewer Fund As part of our audit process, we will request from management written confirmation concerning representations made to us in connection with the audit including among other items: a) That management has fulfilled its responsibilities as set out in the terms of this letter, and; b) That it believes the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole. Berger, Toombs, Elam, Gaines & Frank ,,,,,,rw,- w Port of the Islands Community Development District June 18, 2013 Page 3 Management is responsible for identifying and ensuring that Port of the Islands Community Development District complies with the laws and regulations applicable to its activities, and for informing us about all known material violations of such laws or regulations. In addition, management is responsible for the design and implementation of programs and controls to prevent and detect fraud or abuse, and for informing us about all known or suspected fraud or abuse affecting the entity involving management, employees who have significant roles in internal control, and others where the fraud or abuse could have a material effect on the financial statements or compliance. Management is also responsible for informing us of its knowledge of any allegations of fraud or abuse or suspected fraud or abuse affecting the entity received in communications from employees, former employees, analysts, regulators, short sellers, or others. responsible The Board is entity and its knowle ge of any fraud or us of its views abuse or suspected risks cted fraudor abuse affecting the entity. Port of the Islands Community Development District agrees that it will not associate us with any public or private securities offering without first obtaining our consent. Therefore, Port of the Islands Community Development District agrees to contact us before it includes our reports or otherwise makes reference to us, in any public or private securities offering. Port of the Islands Community Development District's Records and Assistance If circumstances arise relating to the condition of the Port of the Islands Community Development District's records, the availability of appropriate audit evidence, or indications of a significant risk of material misstatement of the financial statements because of error, fraudulent financial reporting, or misappropriation of assets, which in our professional judgment, prevent us from completing the audit or forming an opinion, we retain the unilateral right to take any course of action permitted by professional standards, including declining to express an opinion, issuing a report, or withdrawing from the engagement. During the course of our engagement, we may accumulate records containing data that should be reflected in the Port of the Islands Community Development District books and records. The District will determine that all such data, if necessary, will be so reflected. Accordingly, the District will not expect us to maintain copies of such records in our possession. Other Relevant Information In accordance with Government Auditing Standards, a copy of our most recent peer review report has been provided to you, for your information. Be ToombsFrank , Elam, Camel & Port of the Islands Community Development District June 18, 2013 Page 4 Fees, Costs and Access to Workpapers Our fees for the audit and accounting services described above are based upon the value of the services performed and the time required_by the individuals assigned to the engagement, plus direct expenses. Invoices for fees will be submitted in sufficient detail to demonstrate compliance with the terms of this engagement. Billings are due upon submission. Our fee for the services described in this letter for the year ending September 30, 2013 will not exceed $7,000 unless the scope of the engagement is changed, the assistance which Port of the Islands Community Development District has agreed to furnish is not provided, or unexpected conditions are encountered, in which case we will discuss the situation with you before proceeding. AN other provisions of this letter will survive any fee adjustment. The two annual renewals must be mutually agreed and approved by the Board of Supervisors. In the event we are requested or authorized by Port of the Islands Community Development District or are required by government regulation, subpoena, or other legal process to produce our documents or our personnel as witnesses with respect to our engagement for Port of the Islands Community Development District, Port of the Islands Community Development District will, so long as we are not a party to the proceeding in which the information is sought, reimburse us for our professional time and expenses, as well as the fees and expenses of our counsel, incurred in responding to such requests. The documentation for this engagement is the property of Berger, Toombs, Elam, Gaines, & Frank. However, you acknowledge and grant your assent that representatives of the cognizant or oversight agency or their designee, other government audit staffs, and the U.S. Government Accountability Office shall have access to the audit documentation upon their request and that we shall maintain the audit documentation for a period of at least three years after the date of the report, or for a longer period if we are requested to do so by the cognizant or oversight agency. Access to requested documentation will be provided under the supervision of Berger, Toombs, Elam, Gaines, & Frank audit personnel and at a location designated by our Firm. Reporting We will issue a written report upon completion of our audit of Port of the Islands Community Development District's financial statements. Our report will be addressed to the Board of Port of the Islands Community Development District. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion, add an emphasis -of- matter or other -matter paragraph(s), or withdraw from the engagement. aineBerger, Toombs, Elam, Gs &Frank Port of the Islands Community Development District June 18, 2013 Page 5 In addition to our report on Port of the Islands Community Development District's financial statements, we will also issue the following types of reports: • Reports on internal control and compliance with laws, regulations, and the provisions of contracts or grant agreements. We will report on any internal control findings and/or noncompliance which could have a material effect on the financial statements. Management letter required by Chapter 10.500, Rule of the State of Florida Auditor General. This letter constitutes the complete and exclusive statement of agreement between Berger, Toombs, Elam, Gaines, & Frank and Port of the Islands Community Development District, superseding all proposals, oral or written, and all other communications, with respect to the terms of the engagement between the parties. Please sign and return the attached copy of this letter to indicate your acknowledgment of, and agreement with, the arrangements for our audit of the financial statements including our respective responsibilities. 4tjiWWX BERGER, TOOMBS, ELAM, GAINES & FRANK J. W. Gaines, CPA Confirmed on behalf of the addressee: Chairperson, Port of the Islands Community Improvement District Baggett, Reutimann & Associates, CPAs PA Certified Public Accountants 1.am a Bqg= nmti aA, CVA. P» 6815 Dairy Road Mud tt CPA. Pumo Zephydtills, FL 33542 Man X watt,— CPA. P rum Phone: (8I3) 788-2I SS Fans (813) 782 -8606 Emil: baggemcpa&ol com System Review Report To the Directors October 20, 2010 Berger, Toombs, Elam, Gaines & Frank, PL and the Peer Review Committee of the Florida Institute of Certified Public Accountants We have reviewed the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, PL (the firm), in effect for the year ended May 31, 2010. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of CerdfiedPublic Accountants. The firm is responsible for designing a system of quality control and complying with it to provide the firm with reasonable assurance of performing and reporting in conformity with professional standards in all material-respects. Our responsibility is to express an opinion on the design of the system of quality control, and the firm's compliance therewith based on our review. The nature, objectives, scope, limitations of, and the procedures performed in a System Review are described in the standards at www.aiepa.org/pmmimary. As required by standards, engagements selected for review included engagements performed under the Government Auditing Standards, OMB Circular A -133, and audits of employee benefit - plans. In our opinion, the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, PL in effect for the year ended May 31, 2010, has been suitably designed and complied with to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Firms can receive a rating of pass, pass with deficiencies, or fall. Berger, Toombs, Elam, Gaines & Frank, PL, has received a peer review rating of pass. B Reiltimann & Associates, CPAs PA Member: American Institutc of Ccnifted Public Accountants (AICPA): Florida Institute of Cenified Public Accountants (FICPA$ National Association ofCenifed Valuation Analysts (NACVA) Water Treatment Plant Operations and Maintenance The Water Treatment Plant produced and distributed 1.611 MG for the month of June, which is an average of 0.054 MGD. Wastewater Plant Operations and Maintenance The WWTP treated approximately 1.737 MG for the month of June, which is an average of 0.058 MGD Reuse System Operations and Maintenance The reuse system delivered 5.986 MG for the month of June, which is an average of 0.200 MGD. Permit Compliance: Water Treatment Plant: All permit requirements met Wastewater Treatment Plant All permit requirements met Work Authorizations Recommended for Approval: During the 6/21/13 Board Meeting, it was requested to inspect the streets where sidewalk/gutter /curb repairs are recommended, along with Tony Davis (Board Member). Our findings are as follows: • Cays Drive: Recommend approving Work Authorization No. 44683 in the amount of $3,551.75. • Sunset Cav: Recommend approving Work Authorization No. 44682 in the amount of $13,312.79. • Venus Cav: NOT NEEDED AT THIS TIME. • Windward Cav: Recommend approving Work Authorization No. 44680 in the amount of $1,282.38 ■ Project Grand Total $18,146.92. • 1 31 page copies of the Work Authorizations are below. 12600 Union Road Naples, Florida 34114 • Tel 239- 642 -9219 • Fax 239 -642 -9469 • www.severntrentservices.com I ,i July 2013 Field Managers Report • In 2012 we discussed cleaning all the storm drains in POI. Although we did not move forward with that project last year, I would like to recommend this project be reconsidered for approval. The 1s` page of the Work Authorization is near the end of this report for your review. Landscapina Maintenance Update for July 2013: • 1 received the POI CDD Ownership map, which shows the areas of responsibility for landscaping. I have included this below, at the end of this report. • From the map, I now understand that we are NOT responsible for 5 of the Coconut trees that we have recently agreed to cut • 1 have informed Robert Soto, by emailing him the POI CDD maps of landscape responsibility on 6/24/13. If needed, I will work closer with him, so he completely understands the scope of his requirements. o I have asked the Sunstream Personnel if they would reimburse the CID for performing the tree trimming. They requested an invoice, which we delivered around June 27 th Lakes/Pond Maintenance Update: • Contacted Earthguard 6124/13 — One of their staff has been out to spray the ponds. In The Community: • Water complaint at 215 Cays Drive (discussed during last Board Meeting): o Collected a water sample and analyzed. All water quality parameters were similar to those at the plant for that day. Results were: Alkalinity = 96 ppm; Total Hardness = 30 ppm; Calcium Hardness = 24 ppm; pH = 7.8; Chlorine Residual 2.4 ppm. All results are compliant to water quality standards. At Our Treatment Facility: • Pricing for Reverse Osmosis Element Replacing — Model # ESPA2 -LD (84 membranes total): (Current Pricing) • Pure Aqua, Inc. offers these at $445 each, approximately$37,380 for all 84. • Hydronautics offers these at $441 each, approximately 37,044 for all 84. ■ There will probably be some % of increase each year, so we should attempt to plan for that. 12600 Union Road Naples, Flaida 34114 -- Tel 239-642.9219 • Fax 239 -642 -9469 • www.severntrentservices.com Insi July 2013 Field Managers Report 6/27/2013 - Four staff members of the South Florida Water Management District toured our facility. o "We were very impressed with your facility, and appreciate you taking the time out of your day to show us around "(Elizabeth). The attendees from Ft. Myers were Elizabeth A. Caneja ( Hydrogeologist 3, Water Use Compliance), Brad Cook and Clyde Dabbs (responsible for permit issuance in Collier County), and from WPB was Simon Sunderland (consulting Hydrogeologist). CMMS Work Order Report • 6/25/2013 - Reuse pump #2 - 50 HP: Check valve is leaking at the check arm stem. Tony replaced packing and leak stopped. During process, we found that the check arm was slipping out of socket on a daily basis. We hired STES Special Services to repair the 8" check valve assembly. Once it was repaired, we placed the pump /motor back into service. • 6/27/2013 - Performed Low pH cleaning of RO plant Skid #1. Interstage pressure differentials was getting to high. Once cleaning was completed, the skid was placed back on line. Skid #1 interstage performance is back to normal operating parameters. Summary Total # of WO's 207 Total # of WO's Completed 207 Total Hours 120.5 12600 Union Road Naples, Florida 34114 • Tel 239 -642 -9219 • Fax 239 - 642 -9469 - www.sevemtrentservices.com 20 July 2013 Field Managers Report Water Loss Reports 4 12600 Union Road Naples, Florida 34114 -Tel 239 -642 -9219 -Fax 239 -642 -9469 • www.severntrentservce s.com Potable Water Report 5 Irrlgatlon Water Reprg�, 8.760 4 -5 9.0 4 3.5 2.997 c 7701 8.0 3 7.009 —O 2.385 tj 2.5 c 0 1.88 1937 , 2 g 15 1.644 1 622 1.585 1.817 1 1,187 1.039 1.092 05 .o m :0 0 0 0 0 0 w /0 0 5.679 0 Jun -12 Jul -12 Aug -12 Sep -12 Oct -12 Nov -12 Dec -12 Jan -13 Feb- 13 Mar -13 Apr -13 May -13 — — VJaterProduced — i— WaterBitled t %"aterLow 4 12600 Union Road Naples, Florida 34114 -Tel 239 -642 -9219 -Fax 239 -642 -9469 • www.severntrentservce s.com Irrlgatlon Water Reprg�, 8.760 9.0 7701 8.0 7.009 7.0 7.91 6.OD9 5.988 5.679 6.978 6.0 05.0 4.79 6.259 0 5.322 Dqoj -1-w A 71A 5.133 Mar -13 Apr -13 c74.0 c 0 m3.0 2.0 1.0 990 390 �0 3 °.0 1% 3 °k 6% 4% 8 °�° 61/6 590 5 % 0.0 IP Jun -12 JW -12 Aug - 72 Sep -12 Oct -12 Nov -12 Dec- 12 Jan -13 Feb-13 -1.0 —.Irrigation Meter — Irrigation Billed 4 12600 Union Road Naples, Florida 34114 -Tel 239 -642 -9219 -Fax 239 -642 -9469 • www.severntrentservce s.com Mar -13 Apr -13 May -13 4 12600 Union Road Naples, Florida 34114 -Tel 239 -642 -9219 -Fax 239 -642 -9469 • www.severntrentservce s.com 4� . .�..'4=a&HZ: Crbaa.' . ra4.: ...�..w- ..yt•.'iL..x�_?'N�.Fi =a iQ.•._ixir..� ' J„" Severn Trent Services 4837 Swift Road, Suite 100 Sarasota, FL 34231 United States T: +1 941 925 3088 TF: +1600 535 6832 F: +1 941 924 7203 www.sevemb,antserAces.com Port of the Islands CID Work Authorization No. 44680 In accordance with the "Additional Services" provision of the contract for Port of the Islands CID between Port of the Islands CID (the "Client) and Severn Trent Environmental Services, Inc. (the "Company, ") the Company agrees to perform the following additional services for the client: Location of Work: Port of the Islands Schedule: Upon Approval Project: Sidewalk Repairs (Windward Cay) Date: June 20, 2013 1. DESCRIPTION OF SERVICES: At Windward Cay, remove approximately 102 feet of broken concrete sidewalk. Dispose at an approved dump site.Form sidewalk and pour 3000 psi fiber cement. Brush finish and cut in joints to prevent cracks A. Materials by others, tax not included ($ ) Material Mark -up (10 0/6) $0 B. Labor $3,551.75 II. PROJECT COST: (Total labor, mark -up and materials $3,551.75) The rNent agrees to nav the ComDanv for the services provided under this agreement as follows: Agreed to: (please initial) Page 1 of 3 Unit Cost or Total Cost Item Description Hourly Rate Total Project Cost To Be Invoiced By STES $3,551.75 Agreed to: (please initial) Page 1 of 3 Unless stated otherwise above, payments are due in accordance with the standard terms and conditions of this Contract. Agreed to: (please initial) Page 2 of 3 Work Authorization No (44680) - (port Athe Islands C1D) If any unforeseen problems should be discovered during the performance of the above referenced service, we will notify you immediately of their nature and any additional cost that may be incurred. Unless otherwise specified, rock removal, dewatering, cover -up, and haul off are not included. Severn Trent Services is not responsible for unmarked underground lines. Any changes requested by the owner/builder are not covered by this agreement, and must be added subsequently, at the cost agreed upon by both parties. III. ITEMS TO BE PROVIDED BY THE CLIENT A. Provide access to premises. B. Any permit modification if applicable. THE STANDARD TERMS AND CONDITIONS of the Contract previously referenced are agreed to be a part of this Contract. Offered by: Accepted by: Severn Trent Environmental Services, Inc. Port of the Islands CID By: Title: By: Title: Address for Notices: 210 N. University Drive; Suite 702 Coral Springs FL 33071 Date: June 20, 2013 Date: Page 3 of 3 Severn Trent Services 4837 Swift Road, Suite 100 Sarasota, FL 34231 United States T: +1 941 925 3088 TF: +1 800 535 8832 F: +1 941 924 7203 www.sevemtrentservices.com Port of the Islands CID Work Authorization No. 44682 In accordance with the "Additional Services" provision of the contract for Port of the Islands CID between Port of the Islands CID (the "Client) and Severn Trent Environmental Services, Inc. (the "Company,") the Company agrees to perform the following additional services for the client: Location of Work: Port of the Islands Schedule: Upon Approval Project: Sidewalk Repairs (Sunset Cay) Date: June 20, 2013 I. DESCRIPTION OF SERVICES: At Sunset Cay, remove approximately 526 feet of broken concrete sidewalk. Dispose at an approved dump site.Form sidewalk and pour 3000 psi fiber cement. Brush finish and cut in joints to prevent cracks A. Materials by others, tax not included ($ ) Material Mark-up (10 %) $0 B. Labor $13,312.79 II. PROJECT COST: (Total labor, mark -up and materials $13,312.79) +„ —, +hA rn,,,nnny fnr the services provided under this agreement as follows: 1 110 1, U.tsL 4�',, Vw vv r..) .••v �...••'l -- -Y - -- - -- - - Unit Cost or Total Cost Item Description Hourly Rate Total Project Cost To Be Invoiced By STES $13,312.79 Agreed to: (please initial) Page 1 of 3 Unless stated otherwise above, payments are due in accordance with the standard terms and conditions of this Contract. Agreed to: (please initial) Page 2 of 3 Work Authorization No (44682) - (Port of the Islands Cl If any unforeseen problems should be discovered during the performance of the above referenced service, we will notify you immediately of their nature and any additional cost that may be incurred. Unless otherwise specified, rock removal, dewatering, cover -up, and haul off are not included. Severn Trent Services is not responsible for unmarked underground lines. Any changes requested by the owner/builder are not covered by this agreement, and must be added subsequently, at the cost agreed upon by both parties. III. ITEMS TO BE PROVIDED BY THE CLIENT A. Provide access to premises. B. Any permit modification if applicable. THE STANDARD TERMS AND CONDITIONS of the Contract previously referenced are agreed to be a part of this Contract. Offered by: Accepted by: Severn Trent Environmental Services, Inc. Port of the Islands CID By: Title: By: Title: Address for Notices: 210—N. Umiversi *---J ve; Ste 71 Coral Springs, FL 33071 Date: June 20, 2013 Date: 0 Page 3 of Severn Trent Services 4837 Swift Road, Suke 100 Sarasota, FL 34231 United States T: +1 941 925 3088 TF: +1800 535 6832 F: +1 941 924 7203 www.severntrantrerVIC66.corn Port of the Islands CID Work Authorization No. 44683 In accordance with the "Additional Services" provision of the contract for Port of the Islands CID between Port of the Islands CID (the "Client) and Severn Trent Environmental Services, Inc. (the "Company, ") the Company agrees to perform the following additional services for the client: Location of Work: Port of the Islands Schedule: Upon Approval Project: Sidewalk Repairs (Cay's Drive) Date: June 20, 2013 1. DESCRIPTION OF SERVICES: At Cay's Drive, remove approximately 30 feet of broken concrete sidewalk. Dispose at an approved dump site.Form sidewalk and pour 3000 psi fiber cement. Brush finish and cut in joints to prevent cracks. A. Materials by others, tax not included ($ ) Material Mark -up (10 %) $0 B. Labor $1,282.38 I1. PROJECT COST: (Total labor, mark -up and materials $1,282.38) The Client agrees to pay the Company for the services provided under this agreement as follows: Item Description Unit Cost or Total Cost Hourly Rate Total Project Cost To Be Invoiced By STES $1,282.38 Agreed to: (please initial) Page 1 of 3 Unless stated otherwise above, payments are due in accordance with the standard terms and conditions of this Contract. Agreed to: (please initial) Page 2 of 3 Work Authorization No ( ) - (Port of the Islands CID) If any unforeseen problems should be discovered during the performance of the above referenced service, we will notify you immediately of their nature and any additional cost that may be incurred. Unless otherwise specified, rock removal, dewatering, cover -up, and haul off are not included. Severn Trent Services is not responsible for unmarked underground lines. Any changes requested by the ownerlbuilder are not covered by this agreement, and must be added subsequently, at the cost agreed upon by both parties. III. ITEMS TO BE PROVIDED BY THE CLIENT A. Provide access to premises. B. Any permit modification if applicable. THE STANDARD TERMS AND CONDITIONS of the Contract previously referenced are agreed to be a part of this Contract. Offered by: Accepted by: Severn Trent Environmental Services, Inc. Port of the Islands CID By: Title: By: Title: Address for Notices: 210 N- univerdity DriyA -• suite 702 Coral Springs, FL 33071 Date: June 20, 2013 Date: Page 3 of 3 Severn Trent Services 4837 Swift Road, Suite 100 Sarasota, FL 34231 United States T: +1 941 925 3088 TF: +1800 535 8832 F: +1 941 924 7203 www.severntrentservices.com Port of the Islands CID Work Authorization No. 43090 In accordance with the "Additional Services" provision of the contract for Port of the Islands CID between Port of the Islands CID (the "Client) and Severn Trent Environmental Services, Inc. (the "Company, ") the Company agrees to perform the following additional services for the client: Location of Work: Pnrt of the islands Schedule: U n Approval Project: Storm Drain Maintenance Date: June 27, 2013 I. DESCRIPTION OF SERVICES: A. Clean and remove sand and debris from approximately 58 catch basins (82.50 /ea) $4,785.00 B. Dispose of debris at a FDEP approved dump site. 6$ 75.00 Project Total $5,460.00 II. PROJECT COST: The Client agrees to pay the Company for the services provided under this agreement as follows: Unit Cost or Total Cost Item Description Hourly Rate Total to be billed by STES N/A $5,460.00 Unless stated otherwise above, payments are due in accordance with the standard terms and conditions of this Contract. Agreed to: (please initial) Page 1 of 2 Work Authorization No (43090)- (Port of the Islands CID) If any unforeseen problems should be discovered during the performance of the above referenced service, we will notify you immediately of their nature and any additional cost that may be incurred. Unless otherwise specified, rock removal, dewatering, cover -up, and haul off are not included. Severn Trent Services is riot responsible for unmarked underground lines. Any changes requested by the owner/builder are not covered by this agreement, and must be added subsequently, at the cost agreed upon by both parties. III. ITEMS TO BE PROVIDED BY THE CLIENT A. Provide access to premises. B. Any permit modification if applicable. THE STANDARD TERMS AND CONDITIONS of the Contract previously referenced are agreed to be a part of this Contract. Offered by: Accepted by: Severn Trent Environmental Services, Inc. Port of the Islands CID By: By: Title: Title: Date: Address for Notices: Date: 210 North University Drive, Suite 702 Coral Springs, FL 33071 Agreed to: (please initial) Page 2 of 2 m E E 7 N 0/ U 7 O d L 01 m f9 3 U ate+ N � l C 7 E E u N a f0 _h v .c Y 0 t 0 CL mlI°— m O N c m rl O N f0 O N Q Q M a-i O N m L M �-1 O N G LPL M e-i O N c o m n -cr LnI , `°O, I a m °M n 0 00 DDo ^.5 0 m O r-i Ln 00 ri n C v O M N m O r-I to 3 �-+ r*,: 0 aE v u°i ri rl 06 n r4 0 Ln N Ln 00 .. n M c m N 0 Cl N 0000, N rl Ln ri i� n 00 s4 Ln O Ln o0 N Ln N 00 v LD cu cu N N = OJ 17! LA r-4 0 .0 Lf1 N n V? 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