04/28/2014 Agenda owi
Cedar Hammock Community Development Dist Lt / l,
Board of Supervisors
Frank Vaselewski,Chairman Calvin Teague,District Manager
Tom Cook,Vice Chairman Dan Cox,District Counsel
Gary McClellan,Assistant Secretary Sam Marshall,District Engineer
Larry Minamyer,Assistant Secretary
Bob Nocera,Assistant Secretary
Regular Meeting Agenda
Monday, April 28, 2014—3:00 p.m.
1. Roll Call
2. Approval of the Minutes of the March 10,2014 Regular Meeting and April 7,
2014 Continuation Meeting
3. Audience Comments
4. FY 2015 Budget Public Hearing
A. Adoption of the Budget for Fiscal Year 2015 (Resolution 2014-2)
B. Levy of Non-Ad Valorem Assessments(Resolution 2014-3)
5. Old Business
A. Road Resurfacing Project Update-Pre-Construction Meeting
6. New Business
7. Manager's Report
A. Financial Report for March,2014
B. Acceptance of the Audit for Fiscal Year 2013
C. Resolution 2014-4- General Election
8. Attorney's Report
9. Engineer's Report
10. Supervisors Request
11. Adjournment
THE NEXT REGULAR MEETING IS SCHEDULED FOR
MAY 12,2014 at 3:00 P.M.
District Office: Meeting Location:
5911 Country Lakes Drive Cedar Hammock Clubhouse
Fort Myers,Florida 8660 Cedar Hammock Boulevard
239-245-7118 Naples,Florida
www.CedarHammockCDD.com
RESOLUTION 2014-2
A RESOLUTION OF THE CEDAR HAMMOCK COMMUNITY
DEVELOPMENT DISTRICT RELATING '1'0 THE ANNUAL
APPROPRIATIONS OF THE DISTRICT AND ADOPTING THE
BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1,2014
AND ENDING SEPTEMBER 30, 2015, AND REFERENCING THE
MAINTENANCE AND BENEFIT SPECIAL ASSESSMENTS TO BE
LEVIED BY THE DISTRICT FOR SAID FISCAL YEAR
WHEREAS, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes, the District
Manager has submitted to the Board of Supervisors(the "Board")a proposed budget for the next ensuing
budget year along with an explanation and a complete financial plan for each fund of the District,prior to
the fifteenth(15th)day in June,2014;and
WHEREAS, at least sixty(60)days prior to the adoption of the proposed annual budget and any
proposed long-term financial plan or program of the District for future operations(the"Proposed Budget)
the District did file a copy of the Proposed Budget with the general purpose local governing authorities
having jurisdiction over the area included in the District pursuant to the provisions of Section
190.008(2)(6),Florida Statutes;and
WHEREAS, on February 10,2014,the Board set April 28, 2014,as the date for a public hearing
thereon and caused notice of such public hearing to he given by publication pursuant to Section
190.008(2)(a)Florida Statutes;and
WHEREAS, Section 190.008(2)(a), Florida Statutes requires that, prior to October 1 of each
year,the District Board by passage of the Annual Appropriation Resolution shall adopt a budget for the
ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all
expenditures of the District during the ensuing fiscal year;and
WHEREAS,the District Manager has prepared a Proposed Budget on a Cash Flow Budget basis,
whereby the budget shall project the cash receipts and disbursements anticipated during a given time
period,including reserves for contingencies for emergency or other unanticipated expenditures during the
fiscal year;and
WHEREAS, Section 190.021, Florida Statutes provides that the Annual Appropriation
Resolution shall also fix the Maintenance Special Assessments and Benefit Special Assessments upon
each piece of property within the boundaries of the District benefited, specifically and peculiarly, by the
maintenance and/or capital improvement programs of the District, such levy representing the amount of
District assessments necessary to provide for payment during the ensuing budget year of all properly
authorized expenditures to be incurred by the District, including principal and interest of special revenue,
capital improvement and/or benefit assessment bonds, in order for the District to exercise its various
general and special powers to implement its single and specialized infrastructure provision purpose; and
WHEREAS, the Board of Supervisors of the Cedar Hammock Community Development District
finds and determines that the non-ad valorem special assessments it imposes and levies on the parcels of
property by this Resolution for the operations of the District and the maintenance of its facilities will
constitute a mechanism by which the property owners lawfully and validly will reimburse the District for
those certain special and peculiar benefits the District has determined are received by, and flow to, the
parcels of property from the systems, facilities and services being provided, and that the special and
peculiar benefits are apportioned in a manner that is fair and reasonable in accordance with applicable
assessment methodology and related case law;and
WHEREAS, the Chair of the Board of Supervisors may designate the District Manager or other
person to certify the non-ad valorem assessment roll to the Tax Collector in and for Collier County
political subdivision on compatible electronic medium tied to the property identification number no later
than 15 September 2014 so that the Tax Collector may merge that roll with others into the collection roll
from which the November tax notice is to be printed and mailed;and
WHEREAS, the proceeds from the collections of these imposed and levied non-ad valorem
assessments shall be paid to the Cedar Hammock Community Development District;and
WHEREAS, the Tax Collector, under the direct supervision of the Florida Department of
Revenue performs the state work in preparing, mailing out,collecting and enforcing against delinquency
the non-ad valorem assessments of the District using the Uniform Collection Methodology for non-ad
valorem assessments;and
WHEREAS, if the Property Appraiser and the Tax Collector have adopted a different
technological procedure for certifying and merging the rolls, then that procedure must be worked out and
negotiated with Board approval through the auspices of the District Manager before there are any
deviations from the provisions of Section 197.3632, Fla. Stat., and Rule 12D-18, Florida Administrative
Code.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF CEDAR HAMMOCK COMMUNITY
DEVELOPMENT DISTRICT;
Section 1. The provisions of the whereas clauses are true and correct and are incorporated herein as
dispositive.
Section 2. Budget
a. That the Board of Supervisors has reviewed the District Manager's Proposed Budget, a copy of
which is on file with the office of the District Treasurer and the office of the Recording
Secretary, and is hereby attached to this resolution, and hereby approves the Proposed Budget
subject to amendments made at the public hearing, if any.
b. That the District Manager's Proposed Budget, as amended by the Board, is adopted hereby in
accordance with the provisions of Section 190.008(2)(a), Florida Statutes and incorporated
herein by reference; provided, however, that the comparative figures contained in the adopted
budget may be revised subsequently as deemed necessary by the District Manager to reflect
actual revenues and expenditures for the Fiscal Year 2014 and/or revised projections for Fiscal
Year 2015.
c. That the adopted budget, as amended, shall be maintained in the office of the District Treasurer
and the District Recording Secretary and identified as "The Budget for the Cedar Hammock
Community Development District for the Fiscal Year Ending September 30,2015,as Adopted by
the Board of Supervisors on April 28,2014."
Community Development District for the Fiscal Year Ending September 30, 2015, as Adopted by
the Board of Supervisors on April 28,2014."
Section 3. Appropriations
That there be, and hereby is appropriated out of the revenues of the Cedar Hammock Community
Development District, for the Fiscal Year beginning October 1, 2014,and ending September 30, 2015 the
sum of _ two hundred seventy thousand, four hundred eighty-four dollars ($_270.484)to be
raised by the applicable imposition and levy by the Board of non-ad valorem special assessments and
otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of
the District during said budget year,to be divided and appropriated in the following fashion:
TOTAL GENERAL FUND $270,484
DEBT SERVICE FUND $0
Total All Funds $270,484
Section 4. Supplemental Appropriations
The Board may authorize by resolution supplemental appropriations or revenue changes for any
lawful purpose from funds on hand or estimated to be received within the fiscal year as follows:
a. Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation
item.
b. Board may authorize an appropriation from the unappropriated balance of any fund.
c. Board may increase any revenue or income budget account to reflect receipt of any additional
unbudgeted monies and make the corresponding change to appropriations or the unappropriated
balance.
The District Manager and Treasurer shall have the power within a given fund to authorize the
transfer of any unexpended balance of any appropriation item or any portion thereof, provided such
transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10%of
the total appropriation of a given program or project to be transferred previously approved transfers
included. Such transfer shall not have the effect of causing a more than $10,000 or 10% increase,
previously approved transfers included, to the original budget appropriation for the receiving program.
Transfers within a program or project may be approved by the applicable department director and the
District Manager or Treasurer. The District Manager or Treasurer must establish administrative
procedures, which require information on the request forms proving that such transfer requests comply with
this section.
Section 5. Maintenance and Benefit Special Assessment Levy: Fixed and Referenced and to be
Levied by the Board
a. That the Fiscal Year 2015 Maintenance and Benefit Special Assessment Levies (the "assessment
levy")for the assessment upon all the property within the boundaries of the District based upon the
special and peculiar benefit received and further based upon reasonable and fair apportionment of
the special benefit, shall be in accordance with the attached Exhibit A, which levy represents the
including principal and interest of special revenue, capital improvement and/or benefit
assessment bonds. Said assessment levy shall be distributed as follows:
General Fund 0&M $ [See Assessment Levy Resolution 2014-3
Debt Service Fund $ [See Assessment Levy Resolution 2014-3]
b. The designee of the Chair of the Board of Supervisors of the Cedar Hammock Community
Development District shall he the Manager or the Treasurer of the District designated to certify
the non-ad valorem assessment roll to the Tax Collector in and for the Collier County political
subdivision, in accordance with applicable provisions of State law (Chapters 170, 190 and 197,
Fla. Stat.) and applicable rules (Rule 12D-18, Florida Administrative Code) which shall include
not only the maintenance special assessment levy but also the total for the debt service levy, as
required by and pursuant to law.
Introduced,considered favorably,and adopted this 28th day of April,2014.
Cedar Hammock Community Development District
r 4
Chairman
Attest:
• -
Calvin Teagu•
Secretary
CEDAR HAMMOCK
Community Development District
Annual Operating Budget
Fiscal Year 2015
Version 3- Final Budget
(Adopted on 4/28/14)
Prepared by:
SEVERN
TRENT
SERVICES
CEDAR HAMMOCK
Community Development District General Fund
Summary of Revenues,Expenditures and Changes in Fund Balances
Fiscal Year 2015 Adopted Budget
ADOPTED ACTUAL PROJECTED TOTAL ANNUAL
ACTUAL BUDGET THRU APR- PROJECTED BUDGET
ACCOUNT DESCRIPTION FY 2013 FY 2014 MAR-2014 SEP-2014 FY 2014 FY 2015
REVENUES
Interest-Investments $ 2,017 $ 2,080 $ 986 $ 986 $ 1,972 $ 2,017
Special ASSmnts-lax Collector 279,650 279,653 272,213 7,440 279,653 279,653
Special Assmnts-Discounts (10,223) (11,186) (10,180) - (10,180) (11,186)
TOTAL REVENUES 271,444 270,547 263,019 8,426 271,445 270,484
EXPENDITURES
Administrative
ProfScrv-Engineering 18,179 10,000 8,475 11,865 20,340 20,000
ProfServ-Legal Services 3,238 1,500 865 1,730 2,595 3,000
ProtSery-Mgmt Consulting Sery 32,479 33,129 16,565 16,564 33,129 34,123
ProfSery-Property Appraiser 4,195 4,195 4,195 - 4,195 4,195
ProfSery-Special Assessment 2,718 2,772 2,772 - 2,772 2,772
Auditing Services 5,000 5,250 - 5,000 5,000 5,000
Communication-Telephone 7 20 - - -
Postage and Freight 393 750 303 303 606 750
Insurance-General Liability 7,061 7,167 7,066 - 7,066 7,773
Printing and Binding 531 750 260 260 520 600
Legal Advertising 1,131 2,000 192 939 1,131 2,000
Misc-Bank Charges 514 1,000 325 408 733 1,000
Misc-Assessmnt Collection Cost 3,324 5,593 5,241 352 5,593 5,593
Office Supplies 469 250 176 176 352 400
Annual District Filing Fee 175 175 175 - 175 175
Total Administrative 79,414 74,551 46,610 37,597 84,207 87,380
Field
ProfSery-Field Management 500 500 500 - 500 500
Contracts-Water Mgmt Services 7,200 7,200 3,600 3,600 7,200 7,200
Contracts-Water Quality 12,735 7,200 3,900 7,010 10,910 10,910
R&M-Bridge - 3,000 - - 3,000
R&M-take - 3,000 800 800 1,600 3,000
R&M-Plant Replacement - 5,000 - - - 5,000
Misc-Contingency 1,150 3,096 910 910 1,820 3,096
Capital Outlay 14,172 50,000 - 50,000 50,000 33,398
Reserve-Bridges - 15,000 - - - 15,000
Reserve-Bulkheads - 15,000 - - - 15,000
Reserve-Lakes - 15,000 - - - 15,000
Reserve-Roadways 2,016 72,000 - 95,000 95,000 72,000
Total Field 37,773 195,996 9,710 157,320 167,030 183,104
TOTAL EXPENDITURES 117,187 270,547 56,320 194,917 251,237 270,484
Net change in fund balance 154,257 - 206,699 (186,491) 20,209 -
FUND BALANCE,BEGINNING 351,785 506,045 506,045 - 506,045 526,254
FUND BALANCE,ENDING $ 506,045 $ 506,045 $ 712,744 $ (186,491) $ 526,254 $ 526,254
FY2014 FY2015
Gross Assessments 279,653 279,653
Assessable Units 799 799
Gross Assessments Per Unit $350.00 $350.00
.
Annual Operating Budget Page 1
Fiscal Year 2015
Cedar Hammock
Community Development District General Fund
Budget Narrative
Fiscal Year 2015
REVENUES:
Interest Income
The District earns interest on the monthly average collected balance for their operating
accounts,money market accounts and certificates of deposits.
Special Assessments-Tax Collector
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels 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 4%of the anticipated Non-Ad Valorem
assessments.
EXPENDITURES:
Administrative:
Prof Sery-Engineering
The District's engineer will be providing general engineering services to the District, i.e.,
attendance and preparation for monthly board meetings,review invoices,etc.
Prof Sery-Legal Services
The District's legal counsel will be providing general legal services to the District, i.e.,
attendance&preparation for monthly meetings,review operating&maintenance contracts,etc.
Prof Sery-Management Consulting Sery
The District receives Management, Accounting and Administrative services as part of a
Management Agreement with Severn Trent Environmental Services, Inc. These services are
further outlined in Exhibit"A"of the Management Agreement.
Prof Sery-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 FY2015 budget for property appraiser
costs was based on 1.5%of gross assessments.
Annual Operating Budget
Fiscal Year 2015
Page 2
Cedar Hammock
Community Development District General Fund
Budget Narrative
Fiscal Year 2015
Prof Sery-Special Assessment
The District's Collection Agent will he providing financials services which include the
collection of prepaid assessments, maintenance of District's assessment roll and levying
the annual operating and maintenance assessments.
Auditing Services
The District is required annually to conduct an audit of its financial records by an Independent
Certified Public Accounting Firm.
Postage and Freight
Mailing of agenda packages,overnight deliveries,correspondence,etc.
Insurance-General Liability
The District's General Liability&Public Officials Liability Insurance policy is with The Florida
League of Cities, Inc. The Florida League of Cities, Inc. specializes in providing insurance
coverage to governmental agencies. Projected 10%added for FY15 Budget.
Printing&Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks,
stationary,envelopes etc.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings,public hearings,
etc.in a newspaper of general circulation.
Misc-Bank Charges
Bank analysis fees that are incurred during the year.
Misc-Assessment Collection Costs
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% on the amount of special assessments collected and
remitted, whichever is greater. The FY2015 budget for collection costs was based on a
maximum of 2%of the anticipated assessment collections. .
Office Supplies
Miscellaneous office supplies required for the preparation of agenda packages.
Annual District Filing Fee
The District is required to pay an annual fee to the Department of Economic Opportunity
Division of Community Development for$175.
Annual Operating Budget
Fiscal Year 2015
Page 3
Cedar Hammock
Community Development District General Fund
Budget Narrative
Fiscal Year 2015
Field Services;
Contracts—Water Mang Services
Professional services for environmental permit compliance.Currently all fees associated with the
renewal of the Water Use Permit.
Contracts-Water Quality Monitoring Services
Testing and other professional services in monitoring water quality for reporting to regulatory
agencies.
R&M-Bridge
Repair and maintenance expenses related to bridge structures.
R&M-Lake
Repair and maintenance expenses related to lakes including washout repairs and erosion.
R&M-Aquatic Plant Replacement
For replacement or addition of littoral plantings to existing lake littoral shelves in an
effort to prevent erosion and improve water quality within the lakes.
R&M-Mitigation
It is required that the District establishes a surface water quality program, which will
consist of sampling and analysis from various points within the District.
Misc-Contingency
Any current year Field expenditure that may not have been provided for in the budget.
Capital Outlay
Capital expenditures for items such as irrigation equipment or other items meeting capital
expenditure requirements with a cost of at least$1,000 and a life expectancy of at least 3 years.
Reserve-Bridges
Funds to be set aside for future bridge expenditures as determined by the BOS.
Reserve-Bulkheads
Funds to be set aside for future bulkhead expenditures as determined by the BOS.
Reserve-Lakes
Funds to be set aside for future lake expenditures as determined by the BOS.
Reserve-Roadways
Funds to be set aside for future roadway expenditures as determined by the BOS.
Annual Operating Budget
Fiscal Year 2015
Page 4
CEDAR HAMMOCK
Community Development District General Fund
Exhibit"A"
Allocation of Fund Balances
AVAILABLE FUNDS
Amount
Beginning Fund Balance-Fiscal Year 2015 $ 526,254
Net Change in Fund Balance-Fiscal Year 2015
Reserves-Fiscal Year 2015 Additions 117,000
ITotal Funds Available(Estimated)-9/30/2015 643,254
ALLOCATION OF AVAILABLE FUNDS
Assigned Fund Balance
Operating Reserve-First Quarter Operating Capital 38,371 (1)
Reserves-Bridges
FY 2011 Reserve Funding 9,477
FY 2012 Reserve Funding 23,703
FY 2013 Reserve Funding 25,000
FY 2014 Reserve Funding 15,000
FY2015 Reserve Funding 15,000 88,180
Reserves-Bulkheads
FY 2011 Reserve Funding 40,000
FY 2012 Reserve Funding 38,245
FY 2013 Reserve Funding 47,000
FY 2014 Reserve Funding 15,000
FY 2015 Reserve Funding 15,000 155,245
Reserves-Lakes
FY 2011 Reserve Funding 14,627
FY 2012 Reserve Funding 36,833
FY 2013 Reserve Funding 19,000
FY 2014 Reserve Funding 15,000
FY 2015 Reserve Funding 15,000 100,460
Reserves-Roadways
FY 2011 Reserve Funding 145,000
FY 2012 Reserve Funding 23,375
FY 2013 Reserve Funding 25,223
FY 2014 Reserve Funding 72,000
FY 2014 Use of Fund Balance (95,000)
FY 2015 Reserve Funding 72,000 242,598
Subtotal 624,854
I Total Allocation of Available Funds 624,854 I
Total Unassigned(undesignated)Cash $ 18,399
Notes
(1)Represents approximately 3 months of operating expenditures
Annual Operating Budget
Fiscal Year 2015 Page 5
RESOLUTION 2014-3
A RESOLUTION LEVYING AND IMPOSING A NON AD
VALOREM MAINTENANCE AND BENEFIT SPECIAL
ASSESSMENT FOR THE CEDAR HAMMOCK COMMUNITY
DEVELOPMENT DISTRICT FOR FISCAL YEAR 2015
Preamble
WHEREAS, the Cedar Hammock Community Development District owns certain improvements
and facilities incurs costs of operation, repairs and maintenance;and
WHEREAS, the Board of Supervisors of the Cedar Hammock Community Development District
find that the District's total General Fund operation assessments, taking into consideration other revenue
sources during Fiscal Year 2015,will amount to$ 279,653 ;and
WHEREAS, the Board of Supervisors of the Cedar Hammock Community Development District
finds the District's Debt Service Fund Assessment during Fiscal Year 2015 will amount to$0;and
WHEREAS, the Board of Supervisors of the Cedar Hammock Community Development District
finds that the maintenance and benefit non-ad valorem special assessments it levies and imposes by this
resolution for operations, repair and maintenance will reimburse the District for certain special and peculiar
benefits received by the property subject to the assessment flowing from the operations, repair and
maintenance of the systems, facilities and services provided by the District and are apportioned in a manner
that is fair and reasonable,in accordance with the applicable assessment methodology;and
WHEREAS, the District Board understands that this resolution levies the maintenance and benefit
assessments for 2015 and the Chair of the District, or his designee, the District Manager, shall certify a
total non-ad valorem assessment roll in a timely manner to the Tax Collector in and for Collier County for
collection to include all assessments levied and approved by the District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF THE CEDAR HAMMOCK COMMUNITY
DEVELOPMENT DISTRICT OF COLLIER COUNTY,
FLORIDA;
Section 1. All the whereas clauses are incorporated herein and are dispositive.
Section 2. A special assessment for maintenance as provided for in Section 190.021(3),
Florida Statutes, and a special assessment for the exercise of the District's powers as provided for in
Section 190.021(2), Florida Statutes (hereinafter referred to as Assessments) are hereby levied on the
platted lots within the District.
Section 3. That the collection and enforcement of the aforesaid Assessments on platted lots
shall be by the Tax Collector serving as agent of the State of Florida in Collier County (Tax Collector)
and shall be at the same time and in like manner as ad valorem taxes and subject to all ad valorem tax
collection and enforcement procedures which attend the use of the official annual tax notice.
Section 4. The levy and imposition of the Assessments on platted lots included in the
District will be certified as a total amount on the non-ad valorem assessment roll to the Collier County
Tax Collector by the designee of the Chair of the Board on compatible medium no later than 15
September 2014, and shall then be collected by the Tax Collector on the tax notice along with other non-
ad valorem assessments from other local governments and with all applicable property taxes to each
platted parcel of property.
Section 5. The proceeds therefrom shall be paid to the Cedar Hammock Community
Development District.
Section 6. The Chair of the Board of the Cedar Hammock Community Development
District designates the District Manager to perform the certification duties.
Section 7. Be it further resolved,that a copy of this Resolution be transmitted to the proper
public officials so that its purpose and effect may be carried out in accordance with law.
PASSED AND ADOPTED this 28th day of April, 2014, by the Board of Supervisors of the Cedar
Hammock Community Development District,Collier County,Florida.,.' , AP ,
..„..........;...„._Calvin Teague Frank Vaselews
Secretary Chairman
Cedar Hammock
Community Development District
Financial Report
!March 31, 2014
Prepared by
SEVEN
TRENT
CEDAR HAMMOCK
Community Development District
Table of Contents
FINANCIAL.STATEMENTS
Balance Sheet Page 1
Statement of Revenues,Expenditures and Changes in Fund Balances
General Fund Page 2
SUPPORTING SCHEDULE4
Non-Ad Valorem Special Assessments Page 3
Cash and Investment Report Page 4
Suntrust Bank Reconciliation Page 5
Check Register&Invoice Copies Page 6-17
CEDAR HAMMOCK
Community Development District
Financial Statements
(Unaudited)
March 31, 2014
CEDAR HAMMOCK
Community Development District General Fund
Balance Sheet
March 31,2014
ACCOUNT DESCRIPTION TOTAL
ASSETS
Cash -Checking Account $ 132,076
Investments:
Certificates of Deposit- 18 Months 25,294
Money Market Account 556,574
TOTAL ASSETS $ 713,944
LIABILITIES
Accounts Payable $ -
Accrued Expenses 1,200
TOTAL LIABILITIES 1,200
FUND BALANCES
Assigned to:
Operating Reserves 38,077
Reserves-Bridges 58,180
Reserves-Bulkheads 125,245
Reserves-Lakes 70,460
Reserves- Roadways 193,598
Unassigned: 227,184
TOTAL FUND BALANCES $ 712,744
TOTAL LIABILITIES&FUND BALANCES $ 713,944
Report Date:4/10/2014 Page 1
CEDAR HAMMOCK
Community Development District General Fund
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending March 31, 2014
ANNUAL
ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE($) MAR-14
ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ACTUAL
REVENUES
Interest-Investments $ 2,080 $ 1,040 $ 986 $ (54) $ 172
Special Assmnts-Tax Collector 279,653 266,369 272,213 5,844 12,075
Special Assmnts-Discounts (11,186) (10,655) (10,180) 475 (91)
TOTAL REVENUES 270,547 256,754 263,019 6,265 12,156
EXPENDITURES
Administration
ProfServ-Engineering 10,000 5,000 8,475 (3,475) -
ProfServ-Legal Services 1,500 750 865 (115) -
ProfServ-Mgmt Consulting Sery 33,129 16,566 16,565 1 2,761
ProfServ-Properly Appraiser 4,195 4,195 4,195 -
ProfServ-Special Assessment 2,772 2,772 2,772 - -
Auditing Services 5,250 - - - -
Communication-Telephone 20 10 - 10 -
Postage and Freight 750 376 303 73 65
Insurance-General Liability 7,167 7,167 7,066 101 -
Printing and Binding 750 376 260 116 54
Legal Advertising 2,000 1,002 192 810 -
Misc-Bank Charges 1,000 498 325 173 40
Misc-Assessmnt Collection Cost 5,593 5,327 5,241 86 240
Office Supplies 250 126 176 (50) 44
Annual District Filing Fee 175 175 175 - -
Total Administration 74,551 44,340 46,610 (2,270) 3,204
Field
ProfServ-Fieki Management 500 500 500 -
Contracts-Water Mgmt Services 7,200 3,600 3,600 - 600
Contracts-Water Quality 7,200 3,600 3,900 (300) -
R&M-Bridge 3,000 1,500 - 1,500 -
R&M-Lake 3,000 1,500 800 700
R&M-Plant Replacement 5,000 2,500 - 2,500 -
MIsc-Contingency 3,096 1,548 910 638 -
Capital Outlay 50,000 25,001 - 25,001 -
Reserve-Bridges 15,000 15,000 - 15,000 -
Reserve-Bulkheads 15,000 15,000 - 15,000 -
Reserve-Lakes 15,000 15,000 - 15,000 -
Reserve-Roadways 72,000 72,000 - 72,000 -
Total Field 195,996 156,749 9,710 147,039 600
TOTAL EXPENDITURES 270,547 201,089 56,320 144,769 3,804
Net change in fund valance $ - $ 55,665 $ 206,699 $ 151,034 $ 8,352
FUND BAL,BEGINNING(OCT 1,2013) 506,045 506,045 506,045
FUND BALANCE,ENDING $ 506,045 $ 561,710 $ 712,744
Page 2
Report Date:4/10/2014
CEDAR HAMMOCK
Community Development District
Supporting Schedules
March 31, 2014
Cedar Hammock
Community Development District
Non-Ad Valorem Special Assessments
(Collier County Tax Collector- Monthly Collection Distributions)
For the Fiscal Year Ending September 30,2014
Discount/ Gross
Date Net Amount (Penalties) County Exp Amount
Received Received Amount Amount Received
Assessments Levied $279,650
Allocation % 100%
11/07/13 $ 2,437.41 $ 137.85 $ 49.74 $ 2,625.00
11/15/13 41,160.00 1,750.00 840.00 43,750.00
11/27/13 90,552.00 3,850.00 1,848.00 96,250.00
12/13/13 87,719.70 3,677.60 1,790.20 93,187.50
12/27/13 7,066.68 226.60 144.22 7,437.50
01/30/14 16,111.59 447.10 328.81 16,887.50
02/04/14 4,390.40 70.00 89.60 4,550.00
03/28/14 7,353.92 21.00 150.08 7,525.00
TOTAL $ 256,791.70 $ 10,180.15 $ 5,240.65 $ 272,212.50
% COLLECTED 97.34%
I TOTAL OUTSTANDING $ 7,437.50 I
Report Date: 4/11/2014 Prepared by: Page 3
Severn Trent Management Services
CEDAR HAMMOCK All Funds
Community Development District
Cash and Investment Report
March 3i,2014
General Fund
Account Name Bank Name Investment Type Maturity Yield Balance
Checking Account-Operating SunTrust Bank n/a n/a 0.10% $ 132,076
Certificate of Deposit 1st So Bank 18 month CD 2/7/15 0.55% 25,294
Money Market Account Florida Shores Public Funds MMA n/a 0.45% 556,574
Total $ 713,944
Report Date:4/11/2014 Prepared By:
Severn Trent Management Services Page 4
Cedar Hammock CDD
Bank Reconciliation
Bank Account No. 9995
Statement No. 03-14
Statement Date 03/31/14
OIL Balance(S) 132,075.64 Statement Balance 134,999.85
OIL Balance 132,075.64 Outstanding Deposits 0.00
Positive Adjustments 0.00
Subtotal 134,999.85
Subtotal 132,075.64 Outstanding Checks 2,92421
Negative Adjustments 0.00 Total Differences 0.00
Ending OIL Balance 132,075.64 Ending Balance 132,075.64
Difference 0.00
Posting gyred
Dame Document Tvoe Document No. Description Amount Amount Difference
Deposits
03/04/14 CK#300070334 COLLIER CTY TAX COLL:ASSMNTS RCVD thru 2/26/1 4,390.40 4,390.40 0.00
03/20/14 ACH DEBIT SUNTRUST-BANK ANALYSIS FEE -39.52 -39.52 0.00
03/28/14 ACH CREDIT COLLIER CTY TAX COLL:ASSMNTS RCVD thru 3/27/1 7,353,92 7,353.92 0.00
03/31/14 ACH CREDIT SUNTRUST INTEREST INC-MAR 2014 18.30 16.30 0.00
Total Deposits 11,721.10 11,721.10 0.00
Outstanding Checks
03/27/14 Payment 1551 FEDEX 62.18 0.00 62.18
03/27/14 Payment 1552 SEVERN TRENT ENVIRONMENTAL 2,862.03 0.00 2,062.03
Total Outstanding Checks 2,924.21
Page 5
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Cedar Hammock
Community Development District
ANNUAL FINANCIAL REPORT
September 30, 2013
Cedar Hammock Community Development District
ANNUAL FINANCIAL REPORT
Fiscal Year Ended September 30, 2013
TABLE OF CONTENTS
Page
Number
REPORT OF INDEPENDENT AUDITORS 1-2
MANAGEMENT'S DISCUSSION AND ANALYSIS 3-7
BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements
Statement of Net Position 8
Statement of Activities 9
Fund Financial Statements:
Balance Sheet—General Fund 10
Reconciliation of Total Governmental Fund Balances to Net
Position of Governmental Activities 11
Statement of Revenues, Expenditures and Changes in Fund
Balances—General Fund 12
Reconciliation of the Statement of Revenues, Expenditures and
Change in Fund Balances of Governmental Funds to the
Statement of Activities 13
Statement of Revenues, Expenditures and Change in Fund
Balances—Budget and Actual—General Fund 14
Notes to Financial Statements 15-23
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER
MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING
STANDARDS 24-25
MANAGEMENT LETTER 26-27
e Berger, Toombs, Elam,
-ce Gaines & Frank
Certified Public Accountants Pt
600 Citrus Avenue
Suite 200
Fort Pierce, Florida 34950
772/461.6120//461-1155
FAX: 772/468-9278
REPORT OF INDEPENDENT AUDITORS
To the Board of Supervisors
Cedar Hammock Community Development District
Collier County, Florida
Report on the Financial Statements
We have audited the accompanying basic financial statements of Cedar Hammock Community
Development District as of and for the year ended September 30, 2013, as listed in the table of
contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial
statements in accordance with accounting principles generally accepted in the United States of
America; this includes the design, implementation, and maintenance of internal control relevant
to the preparation and fair presentation of financial statements that are free from material
misstatement,whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the
United States of America. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from 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. In making those risk assessments, the auditor
considers internal control relevant to the entity'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. Accordingly, we express no such opinion. 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.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinion. Fort Pierce/Stuart
Member AICPA Member AICPA t e ivision For CPA Firms Member FICPA
Private Companies Practice Section
Berger,Toombs, Elam,
Gaines & Frank
To the Board of Supervisors
Cedar Hammock Community Development District
Opinion
In our opinion, the basic financial statements referred to above present fairly, in all material
respects, the financial position of the governmental activities and the General Fund of Cedar
Hammock Community Development District as of September 30, 2013, and the respective
changes in financial position and the budgetary comparison for the General Fund for the year
then ended in conformity with accounting principles generally accepted in the United States of
America.
Emphasis of Matter
As described in Notes I and J to the financial statements, in fiscal year 2013, the District
adopted new accounting guidance, Governmental Accounting Standards Board ("GASB")
Statements No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of
Resources and Net Position and No. 65, Items Previously Reported as Assets and Liabilities.As
a result, net assets were renamed to net position, bond issuance costs were expensed as of
October 1, 2012 and net position was restated in accordance with Cedar Hammock Community
Development District's implementation of Governmental Accounting Standards Board Statement
No.65. Our opinion is not modified with respect to this matter.
Other Matters
Management's Discussion and Analysis
Accounting principles generally accepted in the United States of America require that the
management's discussion and analysis be presented to supplement the basic financial
statements. Such information, although not a part of the basic financial statements, is required
by the Governmental Accounting Standards Board who considers it to be an essential part of
financial reporting for placing the basic financial statements in an appropriate operational,
economical or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the
United States of America, which consisted principally of inquiries of management about the
methods of preparing the information and comparing the information for consistency with
management's responses to our inquiries, the basic financial statements, and other knowledge
we obtained during our audit of the basic financial statements. We do not express an opinion or
provide any assurance on the information because the limited procedures do not provide us with
the su icient evidence to express an opinion or provide any assurance.
J
1.10 t/L
Berger, Toombs, Elam, Gaines& Frank
Certified Public Accountants PL
Fort Pierce, Florida
April 14, 2014
-2-
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2013
Management's discussion and analysis of Cedar Hammock Community Development District
(the "District") financial performance provides an objective and easily readable analysis of the
District's financial activities. The analysis provides summary financial information for the District
and should be read in conjunction with the District's financial statements.
OVERVIEW OF THE FINANACIAL STATEMENTS
The District's basic financial statements comprise three components; 1) Government-wide
financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The
Government-wide financial statements present an overall picture of the District's financial
position and results of operations. The Fund financial statements present financial information
for the District's major funds. The Notes to financial statements provide additional information
concerning the District's finances.
The Government-wide financial statements are the statement of net position and the
statement of activities. These statements use accounting methods similar to those used by
private-sector companies. Emphasis is placed on the net position of governmental activities
and the change in net position. Governmental activities are primarily supported by special
assessments.
The statement of net position presents information on all assets and liabilities of the District,
with the difference between assets and liabilities reported as net position. Net position are
reported in two categories; invested in capital assets, net of related debt, and unrestricted.
Assets, liabilities and net position are reported for all Governmental activities.
The statement of activities presents information on all revenues and expenses of the District
and the change in net position. Expenses are reported by major function and program revenues
relating to those functions are reported, providing the net cost of all functions provided by the
District. To assist in understanding the District's operations, expenses have been reported as
governmental activities. Governmental activities financed by the District include general
government, physical environment and interest on long term debt.
Fund financial statements present financial information for governmental funds. These
statements provide financial information for the major governmental funds of the District.
Governmental fund financial statements provide information on the current assets and liabilities
of the funds, changes in current financial resources (revenues and expenditures), and current
available resources.
-3-
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2013
OVERVIEW OF THE FINANACIAL STATEMENTS(CONTINUED)
Fund financial statements include a balance sheet and a statement of revenues,
expenditures and changes in fund balances for all governmental funds. A statement of
revenues,expenditures, and changes in fund balances—budget and actual, is provided for
the District's General Fund. Fund financial statements provide more detailed information about
the District's activities. Individual funds are established by the District to track revenues that are
restricted to certain uses or to comply with legal requirements.
The government-wide financial statements and the fund financial statements provide different
pictures of the District. The government-wide financial statements provide an overall picture of
the District's financial standing. These statements are comparable to private-sector companies
and give a good understanding of the District's overall financial health and how the District paid
for the various activities, or functions, provided by the District. All assets of the District,
including buildings, land, roads, bridges, and traffic signals are reported in the statement of net
position. All liabilities, including principal outstanding on bonds, are included. The statement
of activities includes depreciation on all long lived assets of the District, but transactions
between the different functions of the District have been eliminated in order to avoid "doubling
up" the revenues and expenses. The fund financial statements provide a picture of the major
funds of the District. In the case of governmental activities, outlays for long lived assets are
reported as expenditures and long term liabilities, such as general obligation bonds, are not
included in the fund financial statements. To provide a link from the fund financial statements to
the government-wide financial statements, a reconciliation is provided from the fund financial
statements to the government-wide financial statements.
Notes to financial statements provide additional detail concerning the financial activities and
financial balances of the District. Additional information about the accounting practices of the
District, investments of the District, capital assets and long term debt are some of the items
included in the notes to financial statements.
Financial Highlights:
The following are the highlights of financial activity for the year ended September 30,2013.
♦ The District's total assets exceeded total liabilities by $14,454,811 (net position).
Unrestricted net position for Governmental Activities was $506,045. Invested in capital
assets net of related debt was$13,948,766.
♦ Governmental Activities revenues totaled $271,444 while governmental activities
expenses totaled $352,393.
-4-
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2013
OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Financial Analysis of the District
The following schedule provides a summary of the assets, liabilities and net position of the
District and is presented by category for comparison purposes.
Net Position
Governmental Activities
2013 2012
Current assets $ 515,736 $ 361,363
Capital assets 13,948,766 14,183,975
Total Assets 14,464,502 14,545,338
Current liabilities 9,691 9,578
Invested in capital assets, net of related debt 13,948,766 14,183,975
Net position - unrestricted 506,045 351,785
Total Net Position $ 14,454,811 $ 14,535,760
The increase in current assets is primarily due to increases in cash and equivalents as a result
of the excess of revenues over expenditures at the fund level.
The decrease in capital assets and net position — invested in capital assets, net of related debt
is primarily due to depreciation expense in the current year.
- 5-
•
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2013
OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Financial Analysis of the District(Continued)
The following schedule provides a summary of the changes in net position of the District and is
presented by category for comparison purposes.
Change in Net Position
Governmental Activities
2013 2012
Governmental Revenues
Charges for services $ 269,427 $ 269,427
Investment earnings 2,017 1,403
Total Revenues 271,444 270,830
Expenses
General government 79,411 68,425
Physical environment 272,982 307,238
Total Expenses 352,393 375,663
Change in Net Position (80,949) (104,833)
Net Position-Beginning of Year 14,535,760 14,640,593
Net Position-End of Year $ 14,454,811 $ 14,535,760
The increase in general government expenditures is primarily due to an increase in engineering
and legal fees.
The decrease in physical environment expenditures is primarily due to a decrease in the use of
reserve funds for bridges and less repair and maintenance costs.
-6-
Cedar Hammock Community Development District
MANAGEMENT'S DISCUSSION AND ANALYSIS
For the Year Ended September 30, 2013
OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Capital Assets Activity
The following schedule provides a summary of the District's capital assets as of September 30,
2013 and 2012.
Governmental Activities
Description 2013 2012
Land and improvements $ 10,991,512 $ 10,991,512
Buildings and improvements 230,362 230,362
Infrastructure 5,580,627 5,580,627
Equipment 29,841 23,625
Accumulated depreciation (2,883,576) (2,642,151)
Total Capital Assets (Net) $ 13,948,766 $ 14,183,975
During the year, $6,216 in equipment was added and depreciation expense was$241,425.
General Fund Budgetary Highlights
The budget exceeded actual government expenditures primarily because of a budgeted
increase in reserve funds and less capital outlay expenditures than were anticipated.
There were no amendments to the September 30, 2013 budget.
Economic Factors and Next Year's Budget
Cedar Hammock Community Development District does not expect any economic factors to
have any significant effect on the financial position or results of operations of the District in fiscal
year 2014.
Request for Information
The financial report is designed to provide a general overview of Cedar Hammock Community
Development District's finances for all those with an interest. Questions concerning any of the
information provided in this report or requests for additional information should be addressed to
the Cedar Hammock Community Development District, Severn Trent Management Services,
Inc., 210 N. University Drive, Suite 702, Coral Springs, Florida 33071.
- 7-
Cedar Hammock Community Development District
STATEMENT OF NET POSITION
September 30, 2013
Governmental
Activities
ASSETS
Current Assets:
Cash and cash equivalents $ 488,377
Investments 25,294
Due from other governments 2,065
Total Current Assets 515,736
Non-Current Assets:
Capital Assets Not Being Depreciated
Land and improvements 10,991,512
Capital Assets Being Depreciated
Buildings and improvements 230,362
Infrastructure 5,580,627
Equipment 29,841
Less: accumulated depreciation (2,883,576)
Total Non-Current Assets 13,948,766
Total Assets 14,464,502
LIABILITIES
Current Liabilities:
Accounts payable and accrued expenses 9,691
NET POSITION
Invested in capital assets, net of related debt 13,948,766
Unrestricted 506,045
Total Net Position $ 14,454,811
See accompanying notes to financial statements.
-8-
Cedar Hammock Community Development District
STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2013
Net(Expense)
Revenue and
• Program Changes in
Revenues Net Position
Charges for Governmental
Functions/Programs Expenses Services Activities
Primary government
Governmental Activities
General government $ (79,411) $ 89,633 $ 10,222
Physical environment (272,982) 179,794 (93,188)
Total Governmental Activities $ (352,393) $ 269,427 (82,966)
General revenues:
Interest earnings 2,017
Total General Revenues 2,017
Change in net position (80,949)
Net position- October 1, 2012 14,535,760
Net position- September 30,2013 $ 14,454,811
See accompanying notes to financial statements.
-9-
Cedar Hammock Community Development District
BALANCE SHEET-
GENERAL FUND
September 30, 2013
ASSETS
Cash and cash equivalents $ 488,377
Investments 25,294
Due from other governments 2,065
Total Assets $ 515,736
LIABILITIES AND FUND BALANCES
Liabilities
Accounts payable and accrued expenses $ 9,691
Fund balances
Assigned:
Roadways 193,598
Bulkheads 125,245
Lakes 70,460
Bridges 58,180
First quarter operations 38,077
Unassigned 20,485
Total Fund Balances 506,045
Total Liabilities and Fund Balances $ 515,736
See accompanying notes to financial statements.
- 10-
Cedar Hammock Community Development District
RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES
TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2013
Total governmental fund balances $ 506,045
Amounts reported for governmental activities in the statement of net position
are different because:
Capital assets not being depreciated, land and improvements,
used in governmental activities are not financial
resources and therefore, are not reported in the funds. 10,991,512
Capital assets being depreciated; building and improvements,
$230,362, infrastructure, $5,580,627, and equipment, $29,841,
net of accumulated depreciation, $(2,883,576), used in
governmental activities are not financial resources and therefore,
are not reported in the funds. 2,957,254
Net Position of Governmental Activities $ 14,454,811
See accompanying notes to financial statements.
- 11 -
Cedar Hammock Community Development District
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
GENERAL FUND
For the Year Ended September 30,2013
Revenues
Special assessments $ 269,427
Interest earnings 2,017
Total Revenues 271,444
Expenditures
Current
General government 79,411
Physical environment 31,557
Capital outlay 6,216
Total Expenditures 117,184
Net change in fund balances 154,260
Fund Balances-October 1, 2012 351,785
Fund Balances-September 30, 2013 $ 506,045
See accompanying notes to financial statements.
- 12-
Cedar Hammock Community Development District
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGE IN FUND BALANCES OF GOVERNMENTAL
FUNDS TO THE STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2013
Net change in fund balances-total governmental funds $ 154,260
Amounts reported for governmental activities in the Statement of Activities are
different because:
Governmental funds report capital outlays as expenditures. However,
in the Statement of Activities, the cost of those assets is allocated
over their estimated useful lives as depreciation expense. This is the
amount depreciation, $(241,425), exceeded capital outlay, $6,216,
in the current period. (235,209)
Change in Net Position of Governmental Activities $ (80,949)
See accompanying notes to financial statements.
- 13-
Cedar Hammock Community Development District
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGE IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL FUND
For the Year Ended September 30, 2013
Variance with
Final Budget
Original Final Positive
Budget Budget Actual (Negative)
Revenues
Special assessments $ 268,467 $268,467 $269,427 $ 960
Interest earnings 2,080 2,080 2,017 (63)
Total Revenues 270,547 270,547 271,444 897
Expenditures
Current
General government 73,505 73,505 79,411 (5,906)
Physical environment 147,442 147,442 31,557 115,885
Capital outlay 49,600 49,600 6,216 43,384
Total Expenditures 270,547 270,547 117,184 153,363
Net change in fund balances - - 154,260 154,260
Fund Balances-October 1, 2012 261,989 261,989 351,785 89,796
Fund Balances-September 30, 2013 $ 261,989 $261,989 $506,045 $ 244,056
See accompanying notes to financial statements.
- 14-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2013
NOTE A -SUMMARY OF ACCOUNTING POLICIES
The financial statements of Cedar Hammock Community Development District (the "District")
have been prepared in conformity with generally accepted accounting principles (GAAP) as
applied to governmental units. The Governmental Accounting Standards Board (GASB) is the
accepted standard-setting body for establishing governmental accounting and financial reporting
principles. The District's more significant accounting policies are described below.
1. Reporting Entity
The District was created on November 23, 1999, pursuant to the Uniform Community
Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the"Act"), by
ordinance of the Board of County Commissioners of Collier County, as a Community
Development District. The District was established for the purposes of financing and
managing the acquisition, construction, maintenance and operation of the infrastructure
necessary for community development within its jurisdiction. The District is authorized to
issue bonds for the purpose, among others, of financing, funding, planning, establishing,
acquiring, constructing or re-constructing, enlarging or extending, equipping, operating and
maintaining water management, water supply, sewer and waste water management, bridges
or culverts, district roads, landscaping, street lights and other basic infrastructure projects
within or outside the boundaries of the District. The District is governed by a five-member
Board of Supervisors who are elected for four year terms. The District operates within the
criteria established by Chapter 190.
As required by GAAP, these financial statements present the District (the primary
government) as a stand-alone government. The reporting entity for the District includes all
functions of government in which the District's Board exercises oversight responsibility.
Oversight responsibility includes, but is not limited to, financial interdependency, selection of
governing authority, designation of management, significant ability to influence operations
and accountability for fiscal matters.
Based upon the application of the above-mentioned criteria as set forth by the
Governmental Accounting Standards Board the District has identified no component units.
2. Measurement Focus and Basis of Accounting
The basic financial statements of the District are composed of the following:
• Government-wide financial statements
• Fund financial statements
• Notes to financial statements
- 15-
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2013
NOTE A -SUMMARY OF ACCOUNTING POLICIES (CONTINUED)
2. Measurement Focus and Basis of Accounting (Continued)
a. Government-wide Financial Statements
Government-wide financial statements report all non-fiduciary information about the
reporting government as a whole. These statements include the governmental activities
of the primary government. The effect of interfund activity has been removed from these
statements.
Governmental activities are normally supported by special assessments and interest.
Amounts paid to acquire capital assets are capitalized as assets, rather than reported as
an expenditure. Proceeds of long-term debt are recorded as liabilities in the
government-wide financial statements, rather than as an other financial source.
Amounts paid to reduce long-term indebtedness of the reporting government are
reported as a reduction of the related liability, rather than as an expenditure.
b. Fund Financial Statements
The underlying accounting system of the District is organized and operated on the basis
of separate funds, each of which is considered to be a separate accounting entity. The
operations of each fund are accounted for with a separate set of self-balancing accounts
that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses,
as appropriate. Governmental resources are allocated to and accounted for in individual
funds based upon the purposes for which they are to be spent and the means by which
spending activities are controlled.
Fund financial statements for the primary government's governmental funds are
presented after the government-wide financial statements. These statements display
information about major funds individually.
- 16 -
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2013
NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED)
2. Measurement Focus and Basis of Accounting (Continued)
b. Fund Financial Statements (Continued)
Governmental Funds
The District classifies fund balance according to Governmental Accounting Standards
Board Statement 54 - Fund Balance Reporting and Governmental Fund Type
Definitions. The Statement requires the fund balance for governmental funds to be
reported in classifications that comprise a hierarchy based primarily on the extent to
which the government is bound to honor constraints on the specific purposes for which
amounts in those funds can be spent. The classifications include non-spendable,
restricted, committed, assigned and unassigned.
The District has a policy governing the fund balance classifications.
Nonspendable Fund Balance — This classification consists of amounts that cannot be
spent because they are either not in spendable form or are legally or contractually
required to be maintained intact.
Restricted Fund Balance — This classification includes amounts that can be spent only
for specific purposes stipulated by constitution, external resource providers, or through
enabling legislation.
Assigned Fund Balance—This classification consists of the Board of Supervisors' intent
to be used for specific purposes, but are neither restricted nor committed.
Unassigned Fund Balance — This classification is the residual classification for the
government's general fund and includes all spendable amounts not contained in the
other classifications. Unassigned fund balance is considered to be utilized first when an
expenditure is incurred for purposes for which amounts in any of those unrestricted fund
balance classifications could be used.
Fund Balance Spending Hierarchy - For all governmental funds except special revenue
funds, when restricted, committed, assigned, and unassigned fund balances are
combined in a fund, qualified expenditures are paid first from restricted or committed
fund balance, as appropriate, then assigned and finally unassigned fund balances.
- 17-
•
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2013
NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
2. Measurement Focus and Basis of Accounting (Continued)
b. Fund Financial Statements(Continued)
Governmental Funds (Continued)
Expenditures generally are recorded when a liability is incurred, as under accrual
accounting. Interest associated with the current fiscal period is considered to be an
accrual item and so has been recognized as revenue of the current fiscal period.
Revenues are considered to be available when they are collected within the current
period or soon thereafter to pay liabilities of the current period.
Under the current financial resources measurement focus, only current assets and
current liabilities are generally included on the balance sheet. The reported fund
balance is considered to be a measure of "available spendable resources".
Governmental fund operating statements present increases (revenues and other
financial sources) and decreases (expenditures and other financing uses) in net current
assets. Accordingly, they are said to present a summary of sources and uses of
"available spendable resources"during a period.
Because of their spending measurement focus, expenditure recognition for
governmental fund types excludes amounts represented by non-current liabilities. Since
they do not affect net current assets, such long-term amounts are not recognized as
governmental fund type expenditures or fund liabilities.
Amounts expended to acquire capital assets are recorded as expenditures in the year
that resources were expended, rather than as fund assets. The proceeds of long-term
debt are recorded as an other financing source rather than as a fund liability.
3. Basis of Presentation
a. Governmental Major Funds
General Fund-The General Fund is the District's primary operating fund. It accounts for
all financial resources of the general government.
- 18 -
•
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2013
NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED)
3. Basis of Presentation(Continued)
b. Non-current Governmental Assets/Liabilities
GASB Statement 34 requires that non-current governmental assets, such as land and
buildings, and non-current governmental liabilities, such as bonds payable, be reported
in the governmental activities column in the government-wide statement of net position.
4. Assets, Liabilities, and Net Position or Equity
a. Cash and Investments
Florida Statutes require state and local governmental units to deposit monies with
financial institutions classified as "Qualified Public Depositories," a multiple financial
institution pool whereby groups of securities pledged by the various financial institutions
provide common collateral from their deposits of public funds. This pool is provided as
additional insurance to the federal depository insurance and allows for additional
assessments against the member institutions, providing full insurance for public
deposits.
The District is authorized to invest in those financial instruments as established by
Section 218.415, Florida Statutes. The authorized investments consist of:
1. Direct obligations of the United States Treasury;
2. The Local Government Surplus Funds Trust or any intergovernmental investment
pool authorized pursuant to the Florida Interlocal Cooperative Act of 1969;
3. Interest-bearing time deposits or savings accounts in authorized qualified public
depositories;
4. Securities and Exchange Commission, registered money market funds with the
highest credit quality rating from a nationally recognized rating agency.
For purposes of the statement of cash flows, cash equivalents include time deposits,
certificates of deposit and all highly liquid debt instruments with original maturities of
three months or less and held in a qualified public depository as defined by Chapter
280.02, Florida Statutes.
b. Restricted Assets
Certain assets of the District and a corresponding liability or portion of net position is
classified as restricted on the statement of net position because their use is limited either
by law through constitutional provisions or enabling legislation; or by restrictions
imposed externally by creditors. In a fund with both restricted and unrestricted assets,
qualified expenses are considered to be paid first from restricted net position and then
from unrestricted net position.
- 19-
•
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2013
NOTE A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
4. Assets, Liabilities, and Net Position or Equity(Continued)
c. Capital Assets
Capital assets, which include property, plant and equipment, are reported in the
applicable governmental or business-type activities column.
The District defines capital assets as assets with an initial, individual cost of $5,000 or
more and an estimated useful life in excess of one year. The valuation basis for all
assets is historical cost.
The costs of normal maintenance and repairs that do not add to the value of the asset or
materially extend its useful life are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are
constructed.
Depreciation of capital assets is computed and recorded by utilizing the straight-line
method. Estimated useful lives of the various classes of depreciable capital assets are
as follows:
Buildings 7-39 years
Improvements other than buildings 20-40 years
Machinery and equipment 5-10 years
d. Budgets
Budgets are prepared and adopted after public hearings for the governmental funds,
pursuant to Section 200.065 of the Florida Statutes. The District utilizes the same basis
of accounting for budgets as it does for revenues and expenditures in its various funds.
The legal level of budgetary control is at the fund level. All budgeted appropriations
lapse at year end. Formal budgets are adopted for the general and debt service funds.
As a result, deficits in the budget columns of the accompanying financial statements may
occur.
- 20-
•
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30,2013
NOTE B — RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL
STATEMENTS
1. Explanation of Differences Between the Governmental Fund Balance Sheet and the
Government-wide Statement of Net Position
"Total fund balances" of the District's governmental funds, $506,045, differs from "net
position" of governmental activities, $14,454,811, reported in the statement of net position.
This difference primarily results from the long-term economic focus of the statement of net
position versus the current financial resources focus of the governmental fund balance
sheet. The effect of the differences is illustrated below.
Capital related items
When capital assets (land, buildings, infrastructure and equipment that are to be used in
governmental activities) are purchased or constructed, the cost of those assets is reported
as expenditures in governmental funds. However, the statement of net position included
those capital assets among the assets of the District as a whole.
Land and improvements $ 10,991,512
Buildings and improvements 230,362
Infrastructure 5,580,627
Equipment 29,841
Accumulated depreciation (2,883,576)
Total $ 13,948,766
2. Explanation of Differences Between the Governmental Fund Operating Statements
and the Statement of Activities
The"net change in fund balances"for government funds, $154,260, differs from the"change
in net position" for governmental activities, $(80,949), reported in the statement of activities.
The differences arise primarily from the long-term economic focus of the statement of
activities versus the current financial resources focus of the governmental funds. The effect
of the differences is illustrated below.
Capital related items
When capital assets that are to be used in governmental activities are purchased or
constructed, the resources expended for those assets are reported as expenditures in
governmental funds. However, in the statement of activities, the costs of those assets is
allocated over their estimated useful lives and reported as depreciation expense. As a
result, fund balances decrease by the amount of financial resources expended, whereas net
position decrease by the amount of depreciation expense charged for the year.
Depreciation expense $ (241,425)
Capital outlay 6,216
Total $ (235.209)
-21 -
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30, 2013
NOTE C -CASH AND INVESTMENTS
All deposits are held in qualified public depositories and are included on the accompanying
balance sheet as cash and investments.
Custodial Credit Risk- Deposits
Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not
be returned to it. The District does not have a formal deposit policy for custodial credit risk;
however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and
investments. As of September 30, 2013, the District's bank balance was $491,235 and the
carrying value was $488,377. Exposure to custodial credit risk was as follows. The District
maintains all deposits in a qualified public depository in accordance with the provisions of
Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal
Depositors Insurance or collateralized under Chapter 280, Florida Statutes.
Investments
The District's investment policy allows management to invest funds in investments permitted
under Section 218.415, Florida Statutes. The District invested in a certificate of deposit with a
fair market value and book value of$25,294.
Concentration of Credit Risk
The District places no limit on the amount it may invest in any one issuer.
NOTE D—SPECIAL ASSESSMENT REVENUES
Special assessment revenues recognized for the 2012-2013 fiscal year were levied in October
2012. All taxes are due and payable on November 1 or as soon as the assessment roll is
certified and delivered to the Tax Collector. Per Section 197.162, Florida Statutes, discounts
are allowed for early payment at the rate of 4% in November, 3% in December, 2% in January,
and 1% in February. Taxes paid in March are without discount.
All unpaid taxes become delinquent as of April 1. Virtually all unpaid taxes are collected via the
sale of tax certificates on, or prior to, June 1; therefore, there were no material taxes receivable
at fiscal year end.
-22 -
Cedar Hammock Community Development District
NOTES TO FINANCIAL STATEMENTS
September 30,2013
NOTE E -CHANGES IN FIXED ASSETS
Capital asset activity for the year ended September 30, 2013 was as follows:
Balance Balance
October 1, September 30,
2012 Additions Deletions 2013
Governmental Activities:
Capital assets,not being depreciated:
Land and Improvements $10,991,512 $ - $ - $ 10,991,512
Total Capital Assets,Not Depreciated 10,991,512 - - 10,991,512
Capital assets,being depreciated:
Building and improvements 230,362 - - 230,362
Infrastructure 5,580,627 - - 5,580,627
Equipment 23,625 6,216 - 29,841
Total Capital Assets,Being Depreciated 5,834,614 6,216 - 5,840,830
Less accumulated depreciation for:
Building and improvements (129,976) (11,518) - (141,494)
Infrastructure (2,507,844) (225,182) - (2,733,026)
Equipment (4,331) (4,725) - (9,056)
Total Accumulated Depreciation (2,642,151) (241,425) - (2,883,576)
Total Capital Assets Depreciated,Net 3,192,463 (235,209) - 2,957,254
Governmental Activities Capital Assets $14,183,975 $ (235,209) $ - $ 13,948,766
Depreciation expense of$241,425 was charged to physical environment.
NOTE F -RISK MANAGEMENT
The government is exposed to various risks of loss related to torts; theft of, damage to and
destruction of assets; errors and omissions; and natural disasters for which the government
carries commercial insurance.
NOTE G—NET POSITION
The District adopted Governmental Accounting Standards Board Statement(GASB) No. 63,
which amends net asset reporting by establishing deferred outflows and deferred inflows of
resources and renamed the residual measure net position. No changes to the financial
statements were required as a result of GASB 63 except for renaming net assets to net position.
-23-
� ' Gaines &Toombs, Elam,
Frank
Certified Pudic Accountants Pl
600 Citrus Avenue
Suite 200
Fon Pierce,Florida 34950
772/461-6120 11 461-1155
FAX: 7721468.9278
INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL
REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT
OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
To the Board of Supervisors
Cedar Hammock Community Development District
Collier County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the United States, the financial
statements of Cedar Hammock Community Development District, as of and for the year ended
September 30, 2013, and the related notes to the financial statements, and have issued our
report thereon dated April 14, 2014.
Internal Control Over Financial Reporting
In planning and performing our audit,we considered Cedar Hammock Community Development
District's internal control over financial reporting to determine the audit procedures that are
appropriate in the circumstances for the purpose of expressing our opinions on the financial
statements, but not for the purpose of expressing an opinion on the effectiveness of Cedar
Hammock Community Development District's internal control. Accordingly, we do not express
an opinion on the effectiveness of Cedar Hammock Community Development District's internal
control over financial reporting.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to
prevent, or detect and correct misstatements on a timely basis. A material weakness is a
deficiency, or combination of deficiencies, in internal control, such that there is a reasonable
possibility that a material misstatement of the entity's financial statements will not be prevented,
or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet
important enough to merit attention by those charged with governance.
Our consideration of internal control over financial reporting was for the limited purpose
described in the first paragraph of this section and was not designed to identify all deficiencies
in internal control that might be material weaknesses or significant deficiencies. Given these
limitations, during our audit we did not identify any deficiencies in internal control that we
consider to be material weaknesses. However, material weaknesses may exist that have not
been identified.
Fort Pie cg/Stuart
Member AICPA Member AICPA Division For CPA Firms Member FICPA
Private Companies Practice Section
Berger,Toombs, Elam,
Gaines& Frank
Board of Supervisors
Cedar Hammock Community Development District
Compliance and Other Matters
As part of obtaining reasonable assurance about whether Cedar Hammock Community
Development Districts financial statements are free of material misstatement, we performed
tests of its compliance with certain provisions of laws, regulations, contracts, and grant
agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts. However, providing an opinion on compliance
with those provisions was not an objective of our audit, and accordingly, we do not express such
an opinion. The results of our tests disclosed no instances of noncompliance or other matters
that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of
the entity's internal control or on compliance. This report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the entity's
internal control and compliance. Accordingly, this communication is not suitable for any other
pur•ose.
I' / '. a .
yy
Berger, Toombs, Elam, Gaines&Frank
Certified Public Accountants
Fort Pierce, Florida
April 14, 2014
-25-
chgc Berger, Toombs, Elam,
Gaines & Frank
Certified Public Accountants PL
600 Citrus Avenue
Suite 200
Fort Pierce,Florida 34950
772/461-6120//461-1155
FAX: 772/468-9278
MANAGEMENT LETTER
To the Board of Supervisors
Cedar Hammock Community Development District
Collier County, Florida
We have audited the financial statements of the Cedar Hammock Community Development
District, Florida as of and for the year ended September 30, 2013, and have issued our report
thereon dated April 14, 2014.
We conducted our audit in accordance with auditing standards generally accepted in the United
States; the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules
of the Florida Auditor General. We have issued our Independent Auditor's Report on Internal
Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of
Financial Statements Performed in Accordance with Government Auditing Standards.
Disclosures in that report which is dated April 14, 2014 should be considered in conjunction with
this Management Letter.
Additionally, our audit was conducted in accordance with the provisions of Chapter 10.550,
Rules of the Auditor General, which governs the conduct of local entity audits performed in the
State of Florida.
The Rules of the Auditor General (Section 10.554(1)(i)1.) require that we address in the
Management Letter, if not already addressed in the auditor's report on compliance and internal
controls, whether or not recommendations made in the preceding annual financial report have
been followed. There were no recommendations made in the preceding audit report.
As required by the Rules of the Auditor General (Section 10.554(1)(i)2.), the scope of our audit
included a review of the provisions of Section 218.415, Florida Statutes regarding the
investment of public funds. In connection with our audit, we determined that Cedar Hammock
Community Development District complied with Section 218.415, Florida Statutes.
The Rules of the Auditor General (Section 10.554(1)(i)3,4 and 5.) require that we address in the
Management Letter, if not already addressed in the auditor's report on compliance and internal
controls: improvements in financial management and violations of contracts or grant
agreements, fraud, illegal acts or abuse and deficiencies in internal control that are not
significant deficiencies, other inaccuracies, shortages, defalcations, and instances of fraud
discovered by, or that come to the attention of the auditor. Our audit did not discover any of the
above items that require to be disclosed.
Fort Pierce/Stuart
Member AICPA Member AICPA Drvl iota For CPA Firms Member FICPA
Private Companies Practice Section
Berger,Toombs, Elam,
qi9V Gaines& Frank
To the Board of Supervisors
Cedar Hammock Community Development District
As required by the Rules of the Auditor General(Section 10.554(1)(i)7.c and Section 1 0.556(7)),
we applied financial conditions assessment procedures. It is Management's responsibility to
monitor the entity's financial condition; our financial condition assessment was based in part on
the representations made by management and the review of the financial information provided
by the same.
Cedar Hammock Community Development District has not met one or more of the conditions
described in Section 218.503(1), Florida Statutes.
As required by the Rules of the Auditor General (Section 10.554(1)(i)7.b.), we determined that
the annual financial report for the District for the fiscal year ended September 30, 2013, filed
with the Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is
in agreement with our annual financial audit report for the fiscal year ended September 30,
2013.
Pursuant to Chapter 119, Florida Statutes, this Management Letter is a public record and its
distribution is not limited. However, in accordance with auditing standards generally accepted in
the United States of America, this Management Letter is intended solely for the information of
Cedar Hammock Community Development District and Management, and the State of Florida
Office of the Auditor General, and is not intended to be and should not be used by anyone other
than these specified parties.
• iiljoorit64,), ait
Q',�xe� f
Berger,Toombs, Elam, Gaines& Frank
Certified Public Accountants PL
Fort Pierce, Florida
April 14, 2014
-27 -
Qualifying to Run for Office
2014 Qualifying Dates
Noon,June 16,2014—Noon,June 20,2014
What happens when you go to the Supervisor of Elections office to qualify? You will file a
loyalty oath, a financial disclosure Form 1 and either pay the $25 qualifying fee or file a
certification for 25 signatures.
Qualifying Fees
$25.00 (Unless qualifying by petition)
Qualifying by Petition
l.n order to qualify by petition and thereby have the qualifying fee waived, a person needs to
gather the signatures of 25 qualified voters residing within Cedar Hammock COD. The Division
of Elections has prescribed the format of the petition, a copy of which can be obtained on the
Division of Elections website,http://elections.dos.state.fl.us/
The deadline to submit petitions to the Supervisor of Elections is Noon, May 19, 2014.
(Candidates must still qualify during the candidate qualifying period). Please note that petitions
may he submitted prior to the deadline.
There is a verification fee of$.10 per signature to ensure the signers are valid residents within
the CDD. Cash is accepted. The Supervisor of Elections recommends bringing your petitions in
person.
If you want to campaign, you are permitted to do so as long as you do not expend any funds. if
you are going to expend money for signage, business cards, etc., even if it is your own money,
you must open a campaign account and will need to file the required forms. You will also need
to appoint a campaign treasurer and designate a campaign depository. If campaigning,
signatures may not be obtained until the candidate has filed his or her appointment of campaign
treasurer and designation of campaign depository.
Contact the Supervisor of Elections for more specific information on qualifying by petition.
Qualifying Officers
The Qualifying Officer for Special District Offices is the Supervisor of Elections.
Supervisor of Elections
Jennifer J. Edwards
Collier County
3301 Tamiami Trail East,Bldg B
Naples,Florida 33962
RESOLUTION 2014-4
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CEDAR
HAMMOCK COMMUNITY DEVELOPMENT DISTRICT CONFIRMING
THE DISTRICT'S USE OF THE COLLIER COUNTY SUPERVISOR OF
ELECTIONS TO CONTINUE CONDUCTING THE DISTRICT'S
ELECTION OF SUPERVISORS IN CONJUNCTION WITH THE
GENERAL ELECTION.
WHEREAS, the Cedar Hammock Community Development District (hereinafter the
"District")is a local unit of special-purpose government created and existing pursuant to Chapter
190,Florida Statutes, being situated entirely within Naples,Florida; and
WHEREAS, the Board of Supervisors of Cedar Hammock Community Development
District (hereinafter the `Board") seeks to implement section 190.006(3)(A)(2)(c), Florida
Statutes and to instruct the Collier County Supervisor of Elections (the"Supervisor")to conduct
the District's General Elections.
WHEREAS, the Supervisor has requested the District adopt a resolution confirming the
District's use of the Supervisor for the purpose of conducting the District's future supervisor
elections in conjunction with the General Election; and
WHEREAS, the District desires to continue to use the Supervisor for the purpose of
conducting the District's supervisor elections in conjunction with the General Election.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF THE CEDAR HAMMOCK COMMUNITY
DEVELOPMENT DISTRICT:
Section 1. The Board is currently made up of the following individuals:
Section 2. The term of office for each member of the Board is as follows:
Supervisor Term(Including Expiration Date)
Frank Vaselewski 11/2014
Thomas D. Cook 11/2014
Gary McClellan 11/2014
Robert Nocera 11/2016
Larry D. Minamyer 11/2016
Section 3. Seat 1, currently held by Frank Vaselewski, Seat 2, currently held by Gary
McClellan and Seat 3, currently held by Tom Cook and, are scheduled for the General Election
in November 2014.
Section 4, Pursuant to section 190.006(8), Florida Statutes, members of the Board shall
be entitled to receive for his or her services an amount not to exceed $200 per meeting of the
Board,not to exceed$4,800 per year per member.
Section 5. The term of office for the individuals to be elected to the Board in the
November 2014 General Election is four years.
Section 6. The new Board members shall assume office on the second Tuesday
following their election.
Section 7. The District hereby instructs the Supervisor to continue conducting the
District's elections in conjunction with the General Election. The District understands that it will
be responsible to pay for its proportionate share of the General Election cost and agrees to pay
same within a reasonable time after receipt of an invoice from the Supervisor.
PASSED AND ADOPTED THIS 28th DAY OF APRIL,2014.
ATTEST: CEDAR HAMMOCK COMMUNITY
DEVELOPMENT DISTRICT
Calvin Teagu �r rank Vasel-wski
Secretary Chairman